DUN
IVEN
TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
CHARITY NUMBER: NIC 103099

DUNGIVEN CHURCH TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Notes
Unrestrieted Restrieted Endowment
funds
funds
2025
2025
Total
tundj
2025
Total
ruiidJ
2024
lunds
2025
Recei
Rental income
Investment income
2,510
3,132
2,510
3,132
1,920
2,975
4.895
Total receipts
Property expenses
Administrative expenses
Donations
563
647
3,868
563
647
543
764
3.504
Total payments
5,078
4,811
Net receIp￿{payments)
564
564
84
Funds balance at l Aprll 2024
172,494
172 494
172.410
Funds balance at 31 Mareh 2025
173,058
173 058
172.494
Page 3

DUNGIVEN CH
H TRUST
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2025
Unrestrleted Re5trlcted Endoivment
funds
funds
fund5
Total
funds
TOIAI
funds
2025
2025
2025
2025 2024
FIXED ASSETS
45,000
45,000 45,000
INVESTMENTS
150,000
150,000 150,000
CASH FUNDS
23,058
23,OS8 22,494
TOTAL ASSETS
218,058
218,058 217.494
LIABILITIES
TOTAL ASSETS LESS LIABILITIES
218,058
218,058 217,494
The accounts were approved by the Trustees on
LS-6-L¢JZ
On behalf of the Trustees
Graham Semple (Chainnan)
Charity number.. NIC 103099
Page 4

DUNGIVEN CHURCH TRUST
NOTES TO THE ACCOUNTS
l. Aeeounting policies
The following accounting policies have been adopted in the compilation of th¢ Receipts and Payments Account and the
Statement of Assets and Liabilities.
(a) Receipts and Payments Aeeount-Basis of preparatlon
All items of income and expenditure included within the R￿eIptS and Payments Account have been accounted for
on a cash receipts basis.
(b) Going coneern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foresccable future. Thus, the Trustees continue to adopt the
going concern basis of accounting in preparing the accounts.
(c) Fund gccounting
Unrestricted funds are availabl¢ for use at the discretion of the trustees in the furtherance of the general objectives
of the charity.
Designated funds are unrestricted funds which the trustees have decided at their discretion to set aside for a specific
pury)ose.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
(d) Statement of A55ets and Liabililies
The land at Main Street, Dungiven has been valued by the Trustees at a value which they would expect to secure
if sold on the open market.
Investments are stated at wst.
2. Property expenses
2025
2024
Insurance
Rates
291
272
563
285
258
543
3. Admlnlstratlve expenses
2025
2024
Legal and professional
Legal Entity Identifier
Trustees, Insurance
Bank fees
384
384
168
95
647
168
95
764
4. Donations to Churches
2025
2024
Dungiven Parish
Dungiven Presbyterian
Banagher Parish
Bovevagh Parish
Bovevagh Presbyterian
2,408
365
365
365
365
3.868
2,324
295
295
295
295
3,504
Page 5

DUNGIVEN CHURCH TRUST
NOTE.S TO THE ACCOUNTS
5. Land
2025
2024
45,000
At valuation
45,000
Investments
2025
2024
M&G Investments at cost
150,000
150,000
Market value at year end
154,617
150,133
Page 6.