|**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**|||||||
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|**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.||||||||||||
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