| DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | ||||
|---|---|---|---|---|---|---|---|---|---|
| RECEIPTS AND PAYMENTS ACCOUNT | |||||||||
| FOR THE YEAR ENDED 31ST DECEMBER 2022 | |||||||||
| **Unrestricted funds ** | Restricted funds | Endowment funds | Total funds | Total funds | |||||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||||
| £ | £ | £ | £ | £ | |||||
| Income | |||||||||
| Freewill offerings,donations andplate collections | 37,154.85 | - | 37,154.85 | 52,720.12 | |||||
| Gift Aid Refund | 5,698.91 | 12,118.90 | - | 17,817.81 | 9,525.85 | ||||
| Mission Support | - | 5,977.13 | - | 5,977.13 | 7,804.46 | ||||
| CharityAppeals - Special Collections | - | 7,565.00 | - | 7,565.00 | 4,896.15 | ||||
| Grants for Ukranians | - | 5,100.00 | - | 5,100.00 | - | ||||
| Rental income | 8,067.04 | - | - | 8,067.04 | 8,509.96 | ||||
| Cateringincome | - | 5.00 | - | 5.00 | - | ||||
| Receipts from SundaySchool and Children's Church | - | 504.15 | - | 504.15 | 164.74 | ||||
| SundryIncome | 482.33 | 3,216.96 | - | 3,699.29 | 3,272.81 | ||||
| Dividend | - | 44.28 | - | 44.28 | 42.64 | ||||
| Interest | 20.47 | 10.43 | 30.90 | 26.63 | |||||
| Receipts from Church's Organisations | - | 9,804.89 | - | 9,804.89 | 8,229.73 | ||||
| Total Income | 51,423.60 | 82,177.33 | - | 133,600.93 | 95,193.09 | ||||
| Expenditure | |||||||||
| General AssemblyAssessments | 3,626.00 | - | - | 3,626.00 | 3,907.00 | ||||
| Minister Expenses | 24,035.38 | 270.00 | - | 24,305.38 | 23,441.92 | ||||
| Organists and supplyministers | 2,390.00 | - | - | 2,390.00 | 960.00 | ||||
| Church Expenses | 5,508.62 | 654.00 | - | 6,162.62 | 4,595.09 | ||||
| Maintenance Manse | 640.49 | 2,342.00 | - | 2,982.49 | 5,571.15 | ||||
| Maintenance Guildhall and Station | 2,315.41 | 9,631.39 | - | 11,946.80 | 8,880.29 | ||||
| Mission Support | - | 6,500.00 | - | 6,500.00 | 6,000.00 | ||||
| CharityAppeals - | |||||||||
| From special collections | - | 9,232.38 | - | 9,232.38 | 5,215.13 | ||||
| General funds Rentedproperty: expenses |
1,832.15 138.42 |
- 960.70 |
- - |
1,832.15 1,099.12 |
2,774.72 1,242.35 |
||||
| Cateringexpenses | - | 86.33 | - | 86.33 | - | ||||
| Payments from SundaySchool and Children's Church | - | 570.30 | - | 570.30 | 490.75 | ||||
| Graveyard upkeep | 500.00 | - | - | 500.00 | 500.00 | ||||
| Sundries Payments from Church's Organisations |
3,577.13 - |
660.65 11,143.14 |
- - |
4,237.78 11,143.14 |
3,206.48 7,216.08 |
||||
| Transfer to LargyPresbyterian Church | 457.60 | - | 457.60 | 777.40 | |||||
| Loan repayments | - | 30,200.00 | - | 30,200.00 | 10,000.00 | ||||
| Loan interest | - | - | - | - | 1,808.00 | ||||
| Total Expenditure | 44,563.60 | 72,708.49 | - | 117,272.09 | 86,586.36 | ||||
| Excess of Income over Expenditure | 6,860.00 | 9,468.84 | - | 16,328.84 | 8,606.73 | ||||
| The notes which follow formpart of these financial statements and should | be read in conjunction herewith. | ||||||||
| On behalf of the Trustees | |||||||||
Rev Dr Clive Glass (Minister) 6/4/2023
Mr Graham Semple (Clerk of Session) 6/4/2023
| DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | DUNGIVENCONGREGATION OF THE PRESBYTERIANCHURCH IN IRELAND | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF ASSETS AND LIABILITIES | ||||||||||
| AT 31 DECEMBER 2022 | ||||||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||||
| Note | Funds | Funds | Funds | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||||||
| £ | £ | |||||||||
| Fixed Assets | ||||||||||
| Church buildings and contents | 1,654,759.95 | - | - | 1,654,759.95 | 1,539,311.58 | |||||
| Church Hall buildings and contents | 833,832.05 | - | - | 833,832.05 | 775,657.72 | |||||
| The Station | 1,746,854.19 | - | - | 1,746,854.19 | 1,624,980.64 | |||||
| Manse building | 418,070.41 | - | - | 418,070.41 | 388,902.71 | |||||
| Sexton's house: building | 191,767.39 | - | - | 191,767.39 | 178,388.27 | |||||
| ___ | _________ | |||||||||
| Total assets retained for the Church's own use | 4,845,283.99 | - | - | 4,845,283.99 | 4,507,240.92 | |||||
| Cash Funds | ||||||||||
| Current accounts | 11,207.96 | 42,867,87 | - | 54,075.83 | 37,762.30 | |||||
| Deposit accounts | 601.14 | - | 921.41 | 1,522.55 | 1,520.46 | |||||
| Cash on hand | - | 68.89 | - | 68.89 | 53.64 | |||||
| ___ | _________ | |||||||||
| Total Cash Funds | 3 | 11,809.10 | 42,936.76 | 921.41 | 55,667.27 | 39,336.40 | ||||
| Liabilities | ||||||||||
| Loan | - | - | - | - | 30,200.00 - |
|||||
| Loan(2025) | - | 3,000.00 - |
- | 3,000.00 - |
3,000.00 - |
|||||
| _ | __ | _________ | ||||||||
| Total amounts outstanding | - | 3,000.00 - |
3,000.00 - |
33,200.00 - |
||||||
| __ | ______ | |||||||||
| Total Assets less Liabilities | 4,857,093.09 | 39,936.76 | 921.41 | 4,897,951.26 | 4,513,377.32 | |||||
| __ | ______ | |||||||||
| The notes which follow formpart of these financial statements and should be read in conjunction herewith. | ||||||||||
| On behalf of the Trustees | ||||||||||
Rev Dr Clive Glass (Minister) 6/4/2023
Mr Graham Semple (Clerk of Session) 6/4/2023
| DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE ACCOUNTS | ||||||||||||
| YEAR ENDED 31ST DECEMBER 2022 | ||||||||||||
| 1 | Accounting Policies | |||||||||||
| Theprincipal accounting policies applied in thepreparation of the Receipts and Payments Account and the Statement of Assets and Liabilities are as follows: | ||||||||||||
| (a) | Receipts and Payments Account | |||||||||||
| All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. | ||||||||||||
| (b) | Fund Accounting | |||||||||||
| Endowment funds are funds,the capital of which must be retained eitherpermanentlyor at the congregation's discretion;the income derived from the | ||||||||||||
| endowment is to be used either as restricted or unrestricted income funds dependingupon thepurpose for which the endowment was established in the | ||||||||||||
| firstplace. | ||||||||||||
| Restricted funds comprise(a)income from endowments which is to be expended onlyon the restrictedpurposes intended bythe donor and(b)revenue | ||||||||||||
| donations orgrants for a specific congregational activityintended bythe donor. Where these funds have unspent balances,interest on theirpooled | ||||||||||||
| investment is apportioned to the individual funds on an average balance basis. | ||||||||||||
| Unrestricted funds are income funds which are to be spent on the congregation'sgeneralpurposes. Designated funds aregeneral funds set aside by | ||||||||||||
| the congregation for use in the future. | ||||||||||||
| (c) | Statement of Assets and Liabilities | |||||||||||
| Fixed Assets | ||||||||||||
| The congregation owns the followingassets | ||||||||||||
| Churchpremises and contents | ||||||||||||
| Church Hall and contents | ||||||||||||
| The Stationpremises and contents | ||||||||||||
| Sexton's house | ||||||||||||
| Manse | ||||||||||||
| All assets owned at 31st December 2022 have been included at their insurance value. | ||||||||||||
| 2 | Special Collections | |||||||||||
| Income | Gift aid | Payments | ||||||||||
| £ | £ | £ | ||||||||||
| Remembrance SundayEarl HaigFoundation | 212.50 | - | 212.50 | |||||||||
| United Appeal | 2,240.00 | 376.25 | 2,616.25 | |||||||||
| Childrens' Society | 1,070.00 | 178.22 | - | |||||||||
| Childrens' Society (2021) | 1,563.71 | |||||||||||
| World Development | 832.50 | 137.07 | 969.57 | |||||||||
| Moderator's Appeal | 3,210.00 | 412.15 | 3,622.15 | |||||||||
| Moderator's Appeal(2021) | 248.20 | |||||||||||
| 7,565.00 | 1,103.69 | 9,232.38 | ||||||||||
| Collections for Children's Society received in 2021 of £1,563.71 were paid in the current year. | ||||||||||||
| £1,248.22 received in current year was paid after year end and included in restricted funds at year end. | ||||||||||||
| Gift aid received on Moderator's Appeal of £248.20 in previous year has been paid in current year. | ||||||||||||
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3 Movement in funds
At 1st Jan Incoming Outgoing Transfers At 31st Dec
2022 Resources Resources 2022
Endowment funds: restricted
E Dallas 366.76 - - 0.81 367.57
J A Ross 552.62 - - 1.22 553.84
__________
919.38 - - 2.03 921.41
_____
Restricted funds
General Fund 2,091.27 10,122.81 -11,916.07 1,881.60 2,179.61
Repair fund 5,098.31 56,665.59 -43,492.86 7,160.74 25,431.78
Mission Support fund 6,414.68 5,977.13 -6,500.00 -500.00 5,391.81
Youth Fellowship fund 1,716.24 59.89 -73.00 - 1,703.13
Presbyterian Women 465.59 1,400.48 -1,527.74 700.00 1,038.33
Catering 513.66 5.00 -86.33 - 432.33
Sunday School and Children's Church 1,341.16 504.15 -570.30 710.00 1,985.01
Boys' Brigade 2,858.48 3,213.83 -3,317.81 - 2,754.50
Girls' Brigade 3,016.19 4,228.45 -5,224.38 - 2,020.26
________
23,515.58 82,177.33 - 72,708.49 9,952.34 42,936.76
________
Unrestricted funds
General fund 14,901.44 51,423.60 -44,563.60 -9,952.34 11,809.10
Total funds 39,336.40 133,600.93 -117,272.09 2.03 55,667.27
___________
4 Transactions with the Trustees
----- End of picture text -----
The Church incurred net expenditure of £2,982.49 relating to the running costs of the Manse which is occupied by the Minister. Largy Presbyterian Church contributed £640.49 towards insurance and rates. Largy Presbyterian Church also contributed £2,766.96 to the Church towards share of expenses. The Minister's salary, pension and allowances totalled £24,305.38 for the year. (2021 - £23,441.92)
During the year there was an amount of £30,200.00 paid off a loan from Dungiven LOL. No interest was paid on this loan during the year. There is a commonality between the board of trustees and the membership of Dungiven LOL.
5 Governance costs
Governance costs of £250.00 were incurred during the year of which £250.00 relates to fees paid to the independent examiner. These are included in Sundry expenses.