|**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**|||||||
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|**NOTES TO THE ACCOUNTS**|||||||||||||
|**YEAR ENDED 31ST DECEMBER 2022**|||||||||||||
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||||||||||||||
|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.||||||||||||
||||||||||||||
**----- Start of picture text -----**
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.