| 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 2024 | |||||||||
| Notes | **Unrestricted funds ** | Restricted funds | Endowment funds | Total funds | Total funds | ||||
| 2024 | 2024 | 2024 | 2024 | 2023 | |||||
| £ | £ | £ | £ | £ | |||||
| Income | |||||||||
| Freewill offerings,donations andplate collections | 42,082.36 | 6,780.00 | - | 48,862.36 | 48,107.68 | ||||
| Gift Aid Refund | 6,606.17 | 1,754.38 | - | 8,360.55 | 8,575.60 | ||||
| Mission Support | - | 8,229.49 | - | 8,229.49 | 7,287.76 | ||||
| Fund raising | 7,216.20 | - | - | 7,216.20 | 5,668.71 | ||||
| CharityAppeals - Special Collections | 2 | - | 6,178.01 | - | 6,178.01 | 7,944.35 | |||
| Grants for Ukranians | - | 6,000.00 | - | 6,000.00 | 4,950.00 | ||||
| Grants for Guildhall buildingrepairs | - | 1,983.00 | - | 1,983.00 | 41,478.40 | ||||
| Rental income | 8,687.04 | - | - | 8,687.04 | 8,761.20 | ||||
| Cateringincome | - | 550.00 | - | 550.00 | 330.00 | ||||
| Receipts from SundaySchool and Children's Church | - | 1,143.69 | - | 1,143.69 | 1,783.34 | ||||
| SundryIncome | 772.85 | 4,132.11 | - | 4,904.96 | 4,052.32 | ||||
| Dividend | - | 54.12 | - | 54.12 | 42.64 | ||||
| Interest | 289.73 | 68.25 | 357.98 | 272.37 | |||||
| Receipts from Church's Organisations | - | 13,801.14 | - | 13,801.14 | 12,295.63 | ||||
| Total Income | 65,654.35 | 50,674.19 | - | 116,328.54 | 151,550.00 | ||||
| Expenditure | |||||||||
| General AssemblyAssessments | 3,504.00 | - | - | 3,504.00 | 3,361.00 | ||||
| Minister Expenses | 26,715.87 | 270.00 | - | 26,985.87 | 25,964.70 | ||||
| Organists and supplyministers | 2,429.00 | - | - | 2,429.00 | 2,260.00 | ||||
| Church Expenses | 3,487.13 | 14,686.79 | - | 18,173.92 | 5,281.44 | ||||
| Maintenance Manse | 701.32 | 5,984.20 | - | 6,685.52 | 1,681.78 | ||||
| Maintenance Guildhall and Station | 3,004.63 | 11,812.19 | - | 14,816.82 | 61,817.51 | ||||
| Mission Support | - | 9,614.00 | - | 9,614.00 | 7,030.00 | ||||
| CharityAppeals - | |||||||||
| From special collections | 2 | - | 7,149.72 | - | 7,149.72 | 8,302.90 | |||
| General funds | 9,371.06 | - | - | 9,371.06 | 3,675.43 | ||||
| Rentedproperty: expenses | 143.23 | 1,142.36 | - | 1,285.59 | 1,647.52 | ||||
| Cateringexpenses | - | 325.09 | - | 325.09 | 363.28 | ||||
| Payments from SundaySchool and Children's Church | - | 903.13 | - | 903.13 | 1,112.06 | ||||
| Graveyard upkeep | 900.00 | - | - | 900.00 | 500.00 | ||||
| Sundries | 3,712.28 | 519.49 | - | 4,231.77 | 4,417.79 | ||||
| Payments from Church's Organisations | - | 11,974.74 | - | 11,974.74 | 11,649.34 | ||||
| Total Expenditure | 53,968.52 | 64,381.71 | - | 118,350.23 | 139,064.75 | ||||
| Excess of Income over Expenditure | 11,685.83 | 13,707.52 - |
- | 2,021.69 - |
12,485.25 | ||||
| On behalf of the Trustees | |||||||||
Rev Dr Clive Glass (Minister) 27/5/2025
Mr Graham Semple (Clerk of Session) 27/5/2025
DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2024
----- Start of picture text -----
Unrestricted Restricted Endowment Total Total
Note Funds Funds Funds Funds Funds
2024 2024 2024 2024 2023
£ £
Fixed Assets
Church buildings and contents 1,654,759.95 - - 1,654,759.95 1,654,759.95
Church Hall buildings and contents 833,832.05 - - 833,832.05 833,832.05
The Station 1,746,854.19 - - 1,746,854.19 1,746,854.19
Manse building 418,070.41 - - 418,070.41 418,070.41
Sexton's house: building 191,767.39 - - 191,767.39 191,767.39
_________
Total assets retained for the Church's own use 1 4,845,283.99 - - 4,845,283.99 4,845,283.99
Cash Funds
Current accounts 15,519.65 49,004.86 - 64,524.51 65,063.15
Deposit accounts 606.37 - 944.99 1,551.36 1,533.18
Cash on hand - 78.54 - 78.54 1,566.26
_________
Total Cash Funds 3 16,126.02 49,083.40 944.99 66,154.41 68,162.59
Liabilities
Loan (2025) - - 3,000.00 - - 3,000.00 - 3,000.00
_________
Total amounts outstanding - - 3,000.00 - - 3,000.00 - 3,000.00
_____
Total Assets less Liabilities 4,861,410.01 46,083.40 944.99 4,908,438.40 4,910,446.58
The notes on page 9 form part of these financial statements and should be read in conjunction herewith.
On behalf of the Trustees
----- End of picture text -----
Rev Dr Clive Glass (Minister) 27/5/2025
Mr Graham Semple (Clerk of Session) 27/5/2025
DUNGIVEN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2024
| 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 2024 | ||||||||||||
| 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'sgeneralpurpos | es. 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 2024 have been included at their insurance value. | ||||||||||||
| 2 | Special Collections | |||||||||||
| Income | Gift aid/interest | Payments | ||||||||||
| £ | £ | £ | ||||||||||
| Remembrance SundayEarl HaigFoundation | 239.00 | - | 239.00 | |||||||||
| United Appeal | 2,695.00 | 408.69 | 3,103.69 | |||||||||
| Childrens' Society | 1,065.00 | 160.74 | - | |||||||||
| Childrens' Society (2023) | - | - | 1,447.53 | |||||||||
| World Development | 1,329.76 | 91.46 | 1,421.22 | |||||||||
| Moderator's Appeal | - | 2.50 | - | |||||||||
| Tear Fund | 415.25 | 22.50 | 504.28 | |||||||||
| G&M Reid | 200.00 | - | 200.00 | |||||||||
| Annes Nel | 134.00 | - | 134.00 | |||||||||
| S Cowan | 100.00 | - | 100.00 | |||||||||
| 6,178.01 | 685.89 | 7,149.72 | ||||||||||
| Donations unpaid at year end £1,225.74 Childrens' Society, £22.50 Tear Fund and £2.50 Moderator's Appeal are included in restricted funds | ||||||||||||
| at year end. £276.65 collected in previous year for Moderator's Appeal unpaid in current year is also included in restricted funds at year end. | ||||||||||||
| £1,447.53 received for Children's Society and £89.03 received for Tear Fund in previous year have been paid in current year. | ||||||||||||
| 3 | Movement in funds | Movement in funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1st Jan | Incoming | Outgoing | **Transfers ** | At 31st Dec | ||||||||
| 2024 | Resources | Resources | 2024 | |||||||||
| Endowment funds: restricted | ||||||||||||
| E Dallas | 371.59 | - | - | 5.39 | 376.98 | |||||||
| J A Ross | 559.89 | - | - | 8.12 | 568.01 | |||||||
| ______________ | ||||||||||||
| 931.48 | - | - | 13.51 | 944.99 | ||||||||
| Restricted funds | ||||||||||||
| General Fund | 2,730.86 | 8,090.67 | -8,243.92 | -79.28 | 2,498.33 | |||||||
| Repair fund | 34,186.72 | 19,856.19 | -34,295.03 | 9,097.86 | 28,845.74 | |||||||
| Mission Support fund | 5,649.57 | 8,229.49 | -9,614.00 | - | 4,265.06 | |||||||
| Youth Fellowshipfund | 1,688.01 | 81.67 | -110.16 | - | 1,659.52 | |||||||
| Presbyterian Women | 1,088.77 | 1,269.41 | -1,077.43 | - | 1,280.75 | |||||||
| Catering | 399.05 | 550.00 | -325.09 | - | 623.96 | |||||||
| SundaySchool and Children's Church | 2,656.29 | 1,143.69 | -903.13 | - | 2,896.85 | |||||||
| Boys' Brigade | 3,142.41 | 5,044.96 | -4,495.07 | - | 3,692.30 | |||||||
| Girls' Brigade | 2,215.56 | 6,181.11 | -5,143.82 | - | 3,252.85 | |||||||
| Mums and Tots | 15.10 | 227.00 | -174.06 | - | 68.04 | |||||||
| ______________ | ||||||||||||
| 53,772.34 | 50,674.19 | 64,381.71 - |
9,018.58 | 49,083.40 | ||||||||
| Unrestricted funds | ||||||||||||
| General fund | 13,458.77 | 65,654.35 | -53,968.52 | -9,018.58 | 16,126.02 | |||||||
| Total funds | 68,162.59 | 116,328.54 | -118,350.23 | 13.51 | 66,154.41 | |||||||
| 4 | Transactions with the Trustees | |||||||||||
| The Church incurred net expenditure of £6,685.52 relatingto the runningcosts of the Manse which is occupied bythe Minister. | ||||||||||||
| LargyPresbyterian Church contributed £701.32 towards insurance and rates. | ||||||||||||
| LargyPresbyterian Church also contributed £3,131.61 to the Church towards share of expenses. | ||||||||||||
| The Minister's salary, pension and allowances totalled £26,985.87 for theyear.(2023 - £25,964.70) | ||||||||||||
| Duringtheyear a total of £1,115.05 waspaid to Dr Glass in respect of reimbursement of expenses. | ||||||||||||
| 5 | Governance costs | |||||||||||
| Governance costs of £250.00 were incurred duringtheyear of which £250.00 relates to feespaid to the independent | ||||||||||||
| examiner. These are included in Sundryexpenses. | ||||||||||||