Charity reglslratlon number NIC 101047 ST JOHN'S PARISH, MOIRA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ST JOHN'S PARISH, MOIRA LEGAL AND ADMINISTRATIVE INFORMATION Trustèes Rev Joannè Megarrell Mr Willlam Crockett Mr William Dlllon Mr David Johnston Mr Maurice Johnston Mr Davld K8rr Mr Davld Parkinson Mr Bert Traylen Mrs Bessena Crockett Mrs Johan Warwick Mr George Downey Mr Peter Dlllon MrJonalhan Cromie Mr Stephen Waite Dr Raymond McAul8y Mrs D Edwards Mr N Mullan (Appointed 9 April 2024) (Appointed 9 Aprll 2024) Charlty number NIC 101047 Prlnclpal address 51 Main Street Moira Cralgavon BT67 OLQ Audltor GM¢G LISBURN Century House 40 Crescent Buslness Park Lisburn BT28 2GN Bankers Ulster Bank Llmited 18 Bow Street Llsbum Co Antrfm BT28 1 BN
ST JOHN'S PARISH, MOIRA CONTENTS Pago Trustees, report Independent audltor's report statement of financlal activilies 10 statement of flnanclal position 11 ststement of cash flows 12 Notes to the financial statements 13-25
ST JOHN'S PARISH, MOIRA TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024. The ftnancial statements have been prepared In accordan¢e with the accounting pollcles set out In note 1 to the financial statements and comply with the church's trust deed, the Charilles Act {Norihem Ireland) 2008 and 'Accounting and R8porting by Charities: Statement of Recommended Practice appllcabl6 to charltles preparing thelr accounts in accordance wlth the Financlal Reporting Standard appllcable in the UK and Republlc of Ireland (FRS 102). (as amended for accounting perlods ¢ommendng from 1 January 20191 Objeelives and actlvltles The prlnclpal function of St John's Parlsh, Moira (the Parish) is lo support the advancement of the Chrlstlan religion through the work of the church, bè that pastoral. èvangellstlc, social or ecumenical. Belng open to and engaglng wlth society as a whole and offering support for those needing help are fundamental to the practl¢al delivery of Chrislianlty. Compllanco wlth Publlc b8neflt The Parlsh has given careful conslderalion to the Charity Commission for Northern Ireland's guidancè on publlc beneflt to ensure thal the actlv1116s entered Into during Ihe year have helped to achleve the Parlsh's objectives and activities. as well as providlng public ben&fit. Achlovementg and performanc8 Our church Mlsslon Slatemenl Is 'growing closer to God In love and obedience; growlng clos8r together In caring and sharing, growing closer to others In friendship and witness., Thls statement embodies and strengthens what we undertake as a parish. Worshl and er Thls year we had the usual Iraditional and contemporary worship servioes agaln with four sorvices each Sunday and five once a month. These 8ervlc&s are open to everyone In the community. We currently have around 700 families on the Parish Register, wlth both resident and accustomed memb&rs. We had 1 weddlng in Ihe church this year when again we were p16ased to welcome family and friends and some of the wider community Into the church. We had 19 funerals and 7 baptisms. Thls year servlces continued to be live streamed on Facebook and YouTube each Sunday. The servi¢e was also record8d on CDS for others. Naturally our servlc85 were reaching a wide audience, both in our local communily and further afield. We ran our usual 'communitl services again this year including community harvest and Christmas servlces and were pleased to welcome visltors from the community on both occaslons. Outside of our Sunday services, we continued wllh 'WednesdaW$ Word, and prayer tlme. We hav6 again had some members of the wider community Joining us for this.
ST JOHN'S PARISH, MOIRA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Pastoral Car Pastoral care Is important to the life and witness of Ihe Parish. Some members of the Parish are unable to altend church due to slckness or age. The clergy visit all who are housebound. sick or In Nursing Homes. They also visit those who are going through particular pastoral needs or traumas as well as general visitlng. Bèfore our summer activitl8s, we again d8llvered leaflets to some of the new developments In the wlder community, advising them of our general minlstry and summer activities. Parish Grou s and Faclllties We continued to run 'EmpowHER- a meellng to empower women In thelr faith. 'Winter Warmers, contlnued to operate as a reaction lo th8 economic crlsls- a free meal once a week from November for anyone from Ihe wider community and church. In addition to the abov6 groups which Ihe Parish runs dlreotly for the benefit of the wider community, the S818Ct Vestry makes th8 facllitles avallable for community events. Community groups can hire Ihe facilities lo run their activities with regular users Including fitness groups, ballet and the Molra Friendshlp Group (200+ members over the age of 50 m6etlng In Ihe halls on a regular basis to enjoy fellowshlp, exercise and craft activltles). isslon an Evan ells We run a monthly Car Boot Sale and Coffee Morning. where members of the communlty enjoy popplng In to the Parlsh Centr6 for a brows8 of Ihe stalls and a cup of coffee. In July we ran our Hollday Club for kids. Again. thls was open to any children of Prlmary School age from the whole community- Thls culminated In a communlty BBQ for those who had been part of th6 Holiday Club. LOGIC continued lo engage wilh the young peopla of the communlty. They wént on day trips, camps and contlnued to provlde 8UPPOrt for Ihe young people in whatever way they could. Revelation Youth Fellowshlp also held a number of events and att8nded Summer Madness tog8ther with LOGIC. In August, we held a Teddy Bears, Picnic for chlldren and their carers which again was open lo anyone. We also held a Socc8r Fun Day for everyone. Thls year the parish agaln ran the ALPHA ¢ourse- a course open to anyone to come and dlscover more about the Chrlslian faith. At half- temi, we held a 'Llght and Brlght, party for kids In prfmary school and again thls was open to klds from the local communlty. At Christmas we organlsed the annual turning on of the tree Ilghls and we were dellghted to welcome over 600 p6ople from the local community Inlo the Parish Centre for some Christmas fayre and Sants. There were compelitions which were also open to the three local Primary Schools. In November we ran a 'Managlng In a cost of living Crisis cours8. . a course open to the whole communlty, helping folk to manage thelr finances. In December, we had a Senior Cltlzen's ChrSstmas lunch and we went Carol slnging around th8 housebound In Ihe lo¢al communlty. We also held a 'Pre-loved' Toy Sale where w6 welcomed many into the Parlsh Centre to sell Ihelr pre-loved loys.
ST JOHN'S PARISH, MOIRA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal revlew The trustees have adopted a reseNes policy whlch they conslder approprfate to ensure the conllnued ablllty of the charity to meet its obJe¢live and flnancial commitments. The pollcy is revlewed annually by the trustees In onlunction wllh a wider r8view of the finances of th8 parish. The reseN85 policy Is set 80 that the net curr6nt assets arè sufficlent to cover commitments and to provide for at least six months operational costs. These reserves are held in order to maintain the operation of the Parish and to provld8 some surety against adverse financial events. such as a reducllon in Income or unplanned expenditure belng requlred. The financial year end to 31 December 2024. has resulted in a Increase In total funds of £82,526 to £5.312,516, of whlch unrestricted funds increas8d by £12,796 10 £468.509 and restricted funds Increased by £69,730 to £4,844.007, which included a £24,047 increase from unraalised gains in the valuation of unit trusts and inveslment property. Tha amount of free reserves at 31 December 202418 £316,583 {2023 - £313,190), after excludlng rèstricted funds of £4,844,007 (2023- £4,774,277) and unr8slricted tangible assets of £151,92612023 - £142,523). Plans for future perlods The Select Vestry are conllnuing with the plans for bullding a garden room type structure in the grounds of 53 Maln Stre6t. called 'House of Hope, . a house offering a listening ear SeiCe and prayer space as well as facllltating other meetings. Structure, governance and managemént Chapter 111 of the Constilullon of the Church of Ireland governs Parishes and Parochial Organlsation. The Select Vestry members are Charlly Trustees. The trustees who s8rved durlng the year and up to the date of slgnature of the financlal statements were: Rev Joanne Megarrell Mr William Crockett Mr Willlam Dillon Mr David Johnston Mr Mauric6 Johnston Mr Davld Kerr Mr David Parkinson Mr Bert Traylen Mrs Bessena Crockett Mrs Johan Watwick Mr George Down6y Mr Peter Dlllon Reverend David Pierce MrJonathan Cromie Mr Stephen Waite Dr Raymond McAul6y Mrs D Edwards Mr N Mullan {Resigned 19 April 2024) (Appointed 9 April 2024) (Appointed 9 April 2024) As well as Constitutional requirem6nts, parlshes are obllged lo Implement Diocesan Regulatlons. The DI0San Regulations require a financial commitment {Regulatlon 7.2.2) to become a member of the General Vestry. The members of the Se16Ct Vestry of the Parlsh are it's Charity Trustees. Members of the Gen6ral Vestry can vote and stand for election to the Sel&ct Vestry. Meetings of the General Vestry are normally held at least once a year. The S61éct Vestry Is elected as part of Ihls General Vestry m66ting. The Select Vestry wlll normally hold thelr positlons for a period of one year and may be re-elected annually and Ihere is no Ilmit on the number of terms which may be served.
ST JOHN'S PARISH, MOIRA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Select Vestry is responsible for the day lo day management of the parish. The Select Vestry conslsls of the m8mber of the clergy seNlng in the Parish, any curate assistant ("the curate"), thè church wardens, thé glebe wardens and generally not more Ihan e1ve Other members of the General Vestry elected at the General Veslry. The Select Vestry is chaired by the Incumbent or olher member of lh8 clergy officiating In the Parlsh. Select Vestry members are responsible for maklng decisions on matters of general concern and importance to the Parish Includlng deciding how Parish funds ar6 to be applied, The Select Vestry meets at tlm&s fixed by the members or by th8 dlocesan synod. Speclal meetlngs may b convened at any tlme by the chairperson or Ihe churchwardens. The Incumbent recelves a stipend In accordanc8 wlth flgures approv8d by the General Synod of the Church of Ireland and office and locomotory allowances. statement of trustees, respon$lbllities The trustees are responsible for preparing the Tnjstees, Report and the financial stalements in accordance wlth appllcable law and Unlted Kingdom Accounting Standards (Uniled Klngdom Generally Accepled Accounting Practicè). The law applicable to charities in Northern Ireland requlres the trustees lo prepare financial statements for each financial y8ar which giv8 a true and fair vléw of the state of 8ffalrs of the church and of Ihe incomlng resources and application of resources of the church for that yèar. In praparing these financial slatemenls, the trustees are required to.. selèct sullable accountlng policies and then apply them conslstently: - observe the methods and princip18s In the Charitlès SORP 2019 (FRS 1021: make judgements and estimates that are reasonable and prudant; state whether applicable accounting standards have been followed. subl8cl to any mater181 departures disclosed and explalned In the financlal statemenls., and prepare the financial statemenls on th8 golng concern basls unless It15 Inappropriat8 to pr8sume that the charity wlll continue In operallon. The trusteés are responsib18 for keeping adequate accountlng records that dlsclose with reasonable accuracy at any tlme the financlal position of the church and enable them to ensure Ihal the financlal ststements comply with the Charitles Act North&m Ireland (2008), the Charity (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the church and hence for taklng reasonabl8 Steps for the pr8ventlon end deteclion of fraud and other irregularltles. The trustees, report was approvèd by the Board of Twstees. Mr Willlam Crockett Trustee Date:
ST JOHN'S PARISH, MOIRA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST JOHN'S PARISH, MOIRA Opinlon We have audlted the financial statements of St John'5 Parish, Molfa (the 'church'l for the year 8nded 31 Dec8mber 2024 which comprise the statement of financlal activities, th8 Statement of flnancial posillon, the statement of cash flows and the notes to the financial statements, includlng a summary of slgnificant accountlng policles. The financlal reporting framework that has been applied in Ihelr preparation Is applicable law and United Kingdom Accounting Standards. Including Financlal Reporting Standard 102 The Flnancial Reporting Slandard applicable in th8 UK and Republlc of Ireland Iunlted Kingdom Generally A¢cept6d Accounting Practlce). In our opinion, the financlal statements: give a true and fair view of the state of the church's affairs a5 at 31 December 2024 and of ils incomlng resources and applicallon of résources, for Ihe year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Ac¢ountlng Practice., and have been prepared in accordance with the requlrements of the Charities Act (Northem Ireland) 2008. Basls for opinlon We conducted our audit in accordan with International Standards on Audillng (UK) IISAS (UK)) and applicable law. Our r8sponsibilitles under those slandards are furth8r described In the Auditors rgsponsiblllllos for the audlt of the flnanci81 statemonts section of our report. We are independent of the church in accordance with lh6 ethical requlrements Ihat are relevant to our audit of the financlal 5tstements In the UK, includlng the FRC'S Ethical standard, and we have fulfilled our olher ethical responsibllilies in accordance wlth thése requlrem8nts. We belleve that the audit evidence wé have obtalned Is sufficient and approprfaté to provide a basis for our oplnion. Concluslons relatlng to golng concern In audltlng the financlal statements. we have concluded that the trustees, use of the golng concern basls of accounting In thè preparatlon of the financlal statements Is appropriate. Based on the work wè have performed, we hav6 not identlfi6d any malerlal uncertaintles relating to events or conditions that, individually or collectively, may cast significant doubt on the ¢hurch's ability to contlnue as a going concern for a period of at18ast twelve months from when the financSal statements are aulhorlsed for issue. Our responsibllitles and the responsibilities of the Irustees with respect to going concern are described In the relevant sectlons of thls report.
ST JOHN'S PARISH, MOIRA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST JOHN'S PARISH, MOIRA Olher Informatlon Th8 Oth8r Inft)rmation comprlses the Infomiation included In the annual report oth8r than the flnancial statements and our audltofs report thereon. The trust86s are responslble for the other Information contalned wlthin the annual report. Our opinlon on the financlal statements does nol cover the other information and we do not axpress any form of assurance concluslon Ihereon. Our responsibility Is lo read the olher information and, in doing so, conslder whether th8 olher informallon Is materially Inconsistent with the financial stslemenls or our knowledge obtained In thè course of the audlt. or oth6rwlse appears to be materially mlsslated. If we identlfy such material Inconslstencies or apparent material mlsstatements, We are required to detemiine whèther this gives rlsé to a material misstalement In the financlal statements themselves. If, based on th8 work we have perfomed. we condud8 that Ihere is a material mlsstatement of this other informalion, we are requlred to report that fact. We have nothing lo report in this regard. Matters on whlch we are r8qulred to report by exceptlon We have nolhing to report in respect of Ihe followlng matters in relatlon to which Ihe Charities (Accounts and Reports) Regulations (Northem Ireland) 2015 require us lo report to you If, In our opinion: the informatlon given In the financial statements is inconslstent in any malerfal respect wlth the Iwstees, report. or sufficient accounllng records have not been kept,. or th8 financial statements are not In agreement wlth the accountlng records: or we have not received all the Informatlon and explanations we require for our audlt. Responslbllltles of trustees As explained more fully in the statement of tnjstees, responslbllllles, the truste65 are responsiblé for the preparatlon of the flnancial statements and for belng satisfied that they give a truè and fair view. and for such intemal conlrol as the trustees detemiine is necessary to enable Ihe preparatlon of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for assesslng the church's ability to conllnue as a golng concem, dlscloslng. as appllcable. malters related to going concem and uslng the going concern basls of accounting unless Ihe trust88s ellher intend to cease operations, or havè no realistic alternative but to do so. Audltorfs responslbllltles for the audlt of the flnanclal staloments We hav6 been appolnted as audltor under se¢tlon 65(21 of th8 Charities Acl (Northern Ireland ) 2008 and report In accordance wlth regulations made under secllon 86 of that Act. Our oblectlves are to obtain reasonable assurance about whether the flnancial statemenls as a whole are free from material mlsstalement, whether due to fraud or error, and to issue an audltorfs Teport that Includes our oplnlon. Reasonable assurance is a hlgh level of assurance but is not a guaranteè Ihal an audit conducted in accordance with ISAS {UK) wlll always dètect a material mlsstatement when 11 exists. Mlsslatements Can arlse from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected lo influence the economlc declslons of users taken on th8 basis of these financial statements.
ST JOHN'S PARISH, MOIRA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST JOHN'S PARISH, MOIRA Extent to whlch the audlt was consldered capable of detectlng irregularltlos, Ineludlng fraud We Identify and assess the risks of material misstalemént of the financlal statements, whether due to fraud or error, and then deslgn and perfomi audlt procedures responsive to thos8 risks. includlng obtaining audll evldènce that Is Sufficient and appropriate to provide a basls for our opinlon. In identlfying and assessing potential risks of material mlsslat8ment in respect of irregularitles. including fraud and non-compliances with laws and regulatlons, we considered the following: The nature of lh6 industry and sector, control environment and business performance, Includlng the charity's remuneralion pollcles for trustees. bonus levels and performance targots, if any. Results of our enquiries of management about their own Idantificatlon and assessment of the risks of egular1t[ÈS', Any matters we identified havlng obtalned and reviewed the church's documentation of thelr policies and procedures relating to.. Identifying. evaluating and complying with laws and regulatlons and whether they were aware of any instance of nonwcompllance; Detectlng and respondlng to the rfsks of fraud and wholher they hav8 knowledg8 of any actual. suspected or alleged fraud: and The Int6rnal controls established lo mitigate rlsks of fraud or non-compllance with laws and regulation8: The malters discussed among the audlt engagement team regardlng how and where fraud might occur in the financial statements and potentlal indicators of fraud. As a result of these procedures, we consldered the opportunities and Incentives that may exist withln thè church for fraud and Identified the greatest potential for fraud In Income recognltion. In common with all audits under ISAS (UK), we are also required to perform specific procedures to r6spond to the risk of managem8nt override. We also obtained an underslandlng of the legal and regulatory frameworks that the church opèrates in. focuslng on provisions of those laws and regulations that had a dlrect effect on lh8 determinallon of materlal amounts and disclosures In the financlal statements. Th8 key laws and regulatlons we considered in this context Included Part 4 of th6 Ch8rilies (Accounts and Reports) Regulallons {Northern Iréland) 2015, and local tax leglslation. In addltion, we considered provlslons of other laws and regulatlons that do not have a dlrect effect on the financial statements but compliance wlth which may be fvndamental to Ihe church's ability to opèrate or to avoid a material penally.
ST JOHN'S PARISH, MOIRA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST JOHN'S PARISH, MOIRA Audlt response to rlsks Idèntlfled Our procedures to respond to the risks Idenlified included Ihe followlng: Reviewing Ihe financial statement dlsclosures and testlng to supportlng documentatlon to assess compllan¢e with provlsions of relevanl laws and regulations descrlbed as having a dlrect effect on the financlal statements., Enqulrlng of manag6ment conceming actual and potenllal litigation and clalms: Perfoming analyllcal procedures to identify any unusual or unexpected relallonshlps that may indlcate rlsks of materlal misststem8nt due lo fraud., Reading mlnutes of meetlngs of Ihose charged with governance and revlewlng correspondonce with tax aulhorllies. and In addressing the rlsk of fraud through management override of controls, testing the appropriateness of journal entrles and other adjustments. assessing wh8lher the judgements made in maklng aOUntIng estimates are Indicative of a polential bias: and evaluallng the buslness rationale of any significant transacllons that are unusual or outslde the normal course of buslness. We also communicated relevant identified laws and regulatlons and potantlal fraud risks to all engagement team members and remained alert to any Indications of fraud or non-compliance with laws and regulations throughout tha audit. Owing to the inherent Ilmitalions of an audlt. there Is an unavoidable rlsk that we may not hava detected some material misstatemenls in the Ilnancial statemenls. even though we have properly planned and performed our audit in accordance with 8udltlng standards. In addition, as wilh any audlt, Ihere remalns a higher Tisk of non4ete¢lion of Irregularities. as they may Involve colluslon. forgery, Intentional omisslons. misrepresenlations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance wlth all laws and regulations. A further descriptlon of our responslbllilies is avallable on th8 Flnancial Reportlng Council's website at.. https:11 www.frc.org.uklauditorsr8sponsibilities. Thls descrlptlon forms part of our audilorfs report.
ST JOHN'S PARISH, MOIRA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST JOHN'S PARISH, MOIRA Uso of our report This report is made solely to Ihe charity's trusteès, as a body, in accordance wllh part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undértaken so that we might state to th6 ¢harily's trustees those matters we are required to slate to them in an audltors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone olher than the charity and th8 ch8rity's trustee8 as a body. for our audit work, for this report, or for the oplnions we hav8 formed. GM¢G LISBURN Chartared Accountanls statutory Auditor Century House 40 Crescent Business Park Llsburn BT28 2GN GMCG LISBURN is ellgible for appolntment as auditor of the church by virtue of Its eligibility for appointment as auditor of a company under secllon 1212 of tha Companles Act 2006.
ST JOHN'S PARISH. MOIRA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlctod Restrlctèd funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Incomo and endowments from: Donations and legaciés Charitable activltles Other actlvities Investments Other Income 222.827 69,164 29,444 60.624 8.448 20.577 145,112 1,686 50,449 243,404 214,276 31,130 111,073 8,448 213,893 61,535 26,779 58,991 5,113 10.859 168,516 975 41.977 224,752 230,051 27,754 100,968 5.113 Total Income 390,507 217,824 608,331 366,311 222,327 588,638 Exp8ndlture on: Raising funds Charltsble actlvllles 828 351,388 828 531,094 377,711 172,141 549,852 179.706 Total expendlture 377.711 172.141 549,852 352.216 179.706 531,922 Net galnsl{losses) on Investments 14 24,047 24,047 72,891 72,891 Net Incom8 12,796 69,730 82,526 14,095 115.512 129,607 Transfers between funds 10,300 (10,300) Net movemont In funds 11 12.796 69,730 82,528 24.395 105,212 129,607 Reconclliation of funds: Fund balances at 1 January 2024 455,713 4.774,277 5,229,990 431.318 4,669,065 5,100,383 Fund balances al 31 Decemb8r 2024 468,509 4.844,007 5.312,516 455,713 4,774,277 5,229,990 The slat8ment of finan¢lal activitles Includes all galns and losses recognlsed In the year. All incom8 and expendlturè derive from contlnulng aotivitles. 10-
ST JOHN'S PARISH, MOIRA STATEMENT OF FINANCIAL POSITION ASAT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investment propety Investments 16 17 18 2,476.009 450,000 1,692,900 2,471.635 450,000 1.618,970 4,618,909 Currènt assots Debtors Cash at bank and In hand 4,540,605 19 55,993 656,353 50.765 660,371 712.346 Croditors: amounts falllng due wlthln one year 711.136 20 (13,739) (16,751) Not currgnt a859ts 698,607 694.385 Total assets less current Ilabllities 5.317,516 5.234,990 Cr8dltors'. amounts falllng duo after more than one yèar 21 (5.000) (5.000> Nel assots excluding penslon Ilablllty 5,312,516 5,229,990 Net assets 5.312,516 5.229,990 The funds of the church Restricted income funds Unrestrfcted funds 23 4.844,007 468,509 4.774,277 455.713 5,312,516 5.229,990 The financlal statements were approved by the trustees. aulhorlsed for issue on ... behalf by- and signed on thelr LLLJCL Mr Willlam Crockett Trusteo Rev Joanne Megarrgll Trustee 11
ST JOHN'S PARISH, MOIRA STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash absorbed by operations 28 (52,834) (33,250) Invostlng actlvltles Purchase of tangibl8 fixed assets Purchase of Investments Investment Income recelved (12,374) {49,8831 111,073 (47,076) 100.968 Net cash generated from Investlng activitles 48.816 53,892 Net cash usod In flnanclng actlvllles Not (decrease)Ilncrease In cash and cash equivalents (4.018) 20,642 Cash and cash equlvalenls at beglnnlng of year 660,371 639.729 Cash and cash equlvalents at ond of year 656,353 660,371 12-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles Charity informatlon st John's Parish. Moira Is a unincorporated charity reglstered in Northem Ireland. The registered office is 51 Maln Streèt, Moira. BT67 OLQ. 1.1 Ac¢ounllng conventlon The finanoial statements have been prepared in accordance wlth the church's trust deed, th6 Charities Act (Northern Ireland) 2008 and "Accounting and Reporting by Charities.. Stat6ment of Recommended Practice applicable to charities preparing Ihelr accounts in accordance wlth the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 102)" (as amended for accounting perlods commenclng from 1 January 2019). The church is a Public Benefit Entity as defined by FRS 102. The financlal statemènts are prepared in sterling. whlch is Ihe fijnctlonal currency of the church. Monetary amounts in thesè financial statements are rounded lo the nearest £. The financial statem6nts have been prepared under the histortcal cost convention. The prlncipal accounllng policies adopted are s81 out below. 1.2 Golng concern At the time of approving the financial statements, Ihe trusteas have a reasonable expectation that th6 Church has adequate resources to continue in operational exlstence for the foreseeable future. Thus the trustees contlnue to adopt th8 going concem basis of accounting in preparing the financlal statements. 1.3 Charltable funds Unrestrfcted funds are available for use at the dlscretion of Ihe tru5lees in furtherance of th8ir charitable oblectlves. Restricted funds are Subject to specific condltions by donors or grantors as to how Ih6y may be uséd. The purposes and uses of the restricted funds a sel out In the notes to the financial statements. 1.4 Income Income is recognised when the church is legally entitled to It after any performance conditions have been met. the amounts can be measured rellably, and it is probable that incomè will be recelved. Cash donations are recognised on receipt. Other donations are recognised once the church has been notified of Ihe donation, unless perf0rrnan conditions require deferral of th8 amount. Income lax recoverable in relation lo donations recelved under Glfl Ald or deeds of covenant Is recognised at Ihe time of Ihe donation. Legacles are recognlsed on recelpt or otherwise If Ihè church has been notified of an impending distributlon, the amount is known, and recelpt is expected. If the amount is not known, the legacy is treated as contingent asset. Assels given for use by the church ar8 recognised wh8n re¢elvabl8. Inv8Stmenl income is earned through holdlng assets for Investment purposes such as shares. unlt trusts and property. It Includes divldends, interest and rent. Wherè it is nol practicablo to identify Investment management costs incurred within a schem8 wilh reasonable accuracy the inveslm8nt Income Is reported n&t of these costs. Interest and dividends together wllh any reclaimable tax credits are included In the accounts as r8c8ived. Rent Is Including in the accounts when It Is receivable. 13-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng pollcles (Contlnued 1.5 Expendlture Expenditure is racognised on an accruals basls as a liabillty Is Incurred. Charllable expendlture comprises those costs Incurred by the charity in the delivery of Its activilies and services for Its beneficiaries. 11 includés both costs that can be allocated directly to such activities and Ihose costs of an indlrect nature to support them. Support cosls are Ihose funclions that assist work of the charlly but do not dlrectly undertake charitable aclivitles. Support and other costs have been allocated to charitable activities based on actual usage by that actlvity. 1.6 Tanglbla flxed assets Tanglble fixed ass@Is are Initially measured at cost and subsequently measured at cost or valuation, net of depreclatlon and any Impalmient lo$sas. Depreciallon Is recognised so as to write off the cost or valuatlon of assets less their resldual values ovèr thelr useful Ilves on the following bases: Land and bulldlngs LOGIC Equipment Parish Equipment LOGIC Donated Asset Nil d8preclation 33.3 % reduclng balance 10 % slraight line 200/0 Straight Ilne The gain or105s arlslng on the disposal of an asset is determined as the differ8nce between the sale procegds and thè carylng value of the asset, and Is recognlsed In the statem8nl of financial acllvlties. 1.7 Investment propo Investment property, which is propety held to earn rentals andlor for capital appreciation, is initially recognisad at cost. which Includes the purchase cost and any directly atlrlbutable exp8ndlture. Subsequ8ntly It Is measured at falr value at the reporting end date. Tha surplus or deficlt on revaluatlon Is recogni8ed In profit or loss. 1.8 Flxed asset invoslmenls Fixèd asset invèstments are Inlllally measured at transactlon Pr1 ex¢ludlng transaction costs. and arè subsequently measured at fair value at each reportlng date. Transaction StS are expensed as incurred. Changes in falr value are recognised in other recognlsed galns and losses except to the extent that a galn réverses a loss prevlously recognlsed in net Income exp6ndllure, or a loss exceeds the accumulated gains recognlsed in equity., such gains and loss are recognlsed in net incomellexpendlturel for the yèar. 1.9 Cash and cash equlvalents Cash and cash equlvalents Include cash in hand. deposlts held at call wlth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wilhin borrowings In current Ilabilities. 14-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles (Conllnued) 1.10 Financlal Instruments The church has elected to apply the provisions of Section 11 'Basic Flnancial Instruments, and Section 12 'Olher Financial Inslrumenls Issues, of FRS 102 to all of Its financial Instruments. Financial instruments are recognised In the church's balance sheet when the Church becomes party to th8 contractual provisions of the instrument, Financlal assets and liabi11118s are offs8t, with the net amounts presented In the financial slatem8nts, when there is a legally enforceable right to set off the rocognised amounls and there is an Intention to sellle on a net basis or to realise the assel and settle Ihe liability simultaneously. Baslc financlal assets Basic Ilnancial assets, whlch Include debtors and cash and bank balances, are Initially measured al transaction prlca Including iransaction costs and are subsequently carried at amortised cost uslng the effecllve Interest method unless the arrangement constitutes a financing transaction. where the transactlon is measured at the present valu8 of the fuluré receipts dlscounted at a market rate of Interest. Financlal assets ¢lasslfied as receivable wlthln one year are not amortlsed. Bas1¢ flnanclal Ilabllitles Basic financial Ilabililies. including credllors and bank loans are Initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt inslrumenl Is measured at the present value of the future payments dlscounted at a market rat8 of interest. Financlal liabilitles classified as payable within one year are not amortised. Debt instruments ar8 subsequently carrled at amortlsed cost, uslng the effective interest rate method. Trade creditors are obllgations to pay for goods or SeI¢&S that have been acqulred in the ordinary course of operations from suppliers. Amounts payab18 are classlfied as current liabllltles if payment is due within on8 year or less. If not, they ar& presented as non-currenl liabllltles. Trade creditors are recognlsed inillally at transaction prlce and subsequenlly measured at amortised cost using the effecllve Interest m6thod. Derecognltlon of financlal Ilabllltles Flnancial liabilities are derecognlsed when Ihe church'5 contractual obligallons expir8 or are dlscharged or cance118d. 1.11 Employfre beneflts The cost of any unused hollday entillement is recognlsed In th& period In whlch the employee's services arg received. Terrninallon benefits are recognlsed immedlately as an expense when the church is demonstrably commltted to termlnale the employment of an employee or to provlde termlnation benefits. 1.12 Retirement beneflts Paymènts to defined conlrlbution r8llr8ment benefit schemes are charged as an expense as they fall due. 1.13 Accumulated funds Unrestricted funds are the result of the charitws strategic objective to establish reserves whlch will allow it to continue operating for a period of slx to nine months from the balance sheet dale. 15-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estlmates and Judgements In the applicatlon of the church's accounling pollcles, the trustèes are requlred to make judgements, 8Stimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estlmates and associaled assumptlons are based on historical experlence and other factors that are considered to be relevant. Actual results may differ from thes6 estimates. Th8 estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estimales are recognised in th8 perlod in which the estimate Is revlsed wher6 the revision affects only that period, or In Ihe perlod of the revislon and future pèrlods where thè revision affe¢ts both current and future periods. Key sources of eslimatlon uncertalnlty Flxed assets Th8 annual depreclation charge on flxed ass8ts depend5 primarlly on Ihe èstlmated lives of each type of asset and 6Stlmates of r6sldual values. The directors regularly revlow these assets Ilves and change them as necessary to reflect ¢urr6nt thinking on remaining lives In light of prospectlve economlc utllisation and physlcal condltion of the assets concemed. Changes In assets lives can have a slgnificant impact on depreciation charges for Ihe period. Detsil of thé useful lives Is Included in the accounting polic18S. Inveslment Proportles Fair value Is detemlned annual and derlved from the current market rents and Investment property ylelds for comparable real estate. Valuation involves some eslimatlon uncertainty but is based on periodic advice from Independent expert valuers. Restrlcted & Unr8strlcled funds Judgements are mad6 In relation to allocation of Income and Éxp6ndlture to restrlcted and unrèstrfcted funds. The trustees consider it appropriate to allocate these funds based on interpretation of donalions received. Income from donatlons and legacles Unrestrlcled Restrlcted funds funds 2024 2024 Total Unrestrlct6d Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts 222,827 20,577 243,404 213,893 10,859 224.752 Donatlons and glfts Weekly envelopeslFWO Buildlng Fund Envèlopes Loose collections Tax recovered on donalions Harvest Grant LCCC Fundralslng Ibba Donalions & Donallons in lieu Appealslcollectlons 177.407 177,407 14,092 5.899 165.542 165,542 9,487 8,431 14.092 9,487 5,899 8,431 35,585 2,841 1,000 35,585 2,841 1,000 6,485 30.753 3,482 1,000 30,753 3,482 1,000 1,372 6,485 1,372 95 95 3.935 750 3,935 750 222.827 20,577 243,404 213,893 10,859 224,752 16-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from ¢haritabl8 actlvitles Unrostrlcted Restricted funds funds 2024 2024 Total Unrestrlctod Restrlcled funds funds 2023 2023 Total 2024 2023 Graveyard income Other income Project Income 3,570 10,517 55,077 3,570 11,217 199,489 2,520 6,739 52,276 2,520 6,739 220.792 700 144.412 168,516 69.164 145,112 214,276 61,535 168,516 230,051 Income from other tradlng actlvltle8 Unrastricted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Use of Parish Centr8 Car boot income Mission stall income 24,274 5,170 24,274 5,170 1.686 23,407 3,372 23,407 3,372 975 1,686 975 other tradlng a¢tivilies 29,444 1,686 31,130 26,779 975 27,754 Income from investments Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlctad Reslrlcted funds funds 2023 2023 Total 2024 2023 Rental income Interest recelvable 49,531 11,093 49,531 61.542 50.900 8.091 50,900 50.068 50.449 41,977 60,624 50,449 111,073 58,991 41.977 100,968 othèr Income Unrestrlctod Unreslrlcted funds funds 2024 2023 Other incom6 8,448 5.113 17-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expondlture on ralslng funds Unrestrlctèd Unrestrl¢ted funds funds 2024 2023 Ralslng funds Church envelopes 828 Expèndlture on charltable actlvltles 2024 2023 Direct costs Staff costs D6preciation and Impalmient Diocesan costslassessment Church costs Charltable donatlons Adminlslratlon costs Graveyard cosls Miscellaneous Project costs Bank Interesucharges 216,461 8,000 25.780 81,480 23,900 15,046 1,917 32.559 143,701 1,008 205,453 9,900 22,829 52,523 24,607 15,575 2,504 25,988 170,735 980 549.852 531.094 Analysls by fund Unrestricted funds Reslrfcted funds 377,711 172,141 351.388 179,706 549,852 531,094 10 0e8¢rlptlon of charltable acllvllles Advan ment of reli All charltable 8ctivllles of Ihe church are for the advancement of religlon through the work of St John's Parish Moira. 11 Net movement In funds 2024 2023 The net movement In funds Is stated after chargingl(credlting)- Fees payable to the charity's audllor.. for Ihe audit of the charity's finan¢lal statements for other financial services Depreciation of owned tangible fixed assets 3.252 5,160 8,000 2,160 6,186 9,900 18-
ST JOHN'S PARISH. MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Trustees Durlng the year remuneration and other benéfits wer8 pald to Rever8nd Joanno Megarrell of £58,237 {2023 - £57.996) for employment by the Parish as Rector. Expenses amountlng to £2,125 (2023- £2,581) were relmbursed to 3 (2023- 3) Irustees. 13 Employeas The averag8 monthly number of employees durlng the year was.. 2024 Numbar 2023 Number 13 11 Employment costs 2024 2023 Wages and salarles Social security costs Other pension costs 194.222 11,479 10.760 182.955 11,001 11,497 216,461 205,453 There were no employees whos8 annual remuneration was more than £60,000. 14 Galns and losses on Inveslmen18 Restrlcted funds 2024 Restricted funds 2023 Galnslllosses) arising on: Revaluation of Investments Revaluatlon of investment propertl85 24.047 32,891 40,000 24,047 72,891 15 Taxatlon The charlty Is exempt from taxation on Its activilles because all its Income is applled for charltable purposes. 19-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Tangible fSx8d assets Land and bulldSngs LOGIC Equlpmènt Parlsh LOGIC Equlpment Donated Asset Total Cost At 1 January 2024 Addilions 2,443,677 84.851 21,033 12.374 3.995 2,553,556 12,374 At 31 December 2024 2,443,677 84,851 33,407 3.995 2,565,930 Depr8¢latlon and Impalmient At 1 January 2024 Depreciation charged In the year 69.505 5,029 8,421 2,971 3,995 81.921 8,000 At 310ecember 2024 74.534 11.392 3.995 89,921 Carrylng amount At 31 December 2024 2,443,677 10,317 22,015 2,476,009 At 31 December 2023 2,443,677 15,346 12,612 2.471.635 17 Investmont property 2024 Falr value At 1 January 2024 and 31 December 2024 450,000 Investment property relates to a filling stallon in Moira. The falr value of th6 Investment property has been arrlved at on the basis of a valuation ¢arrled out in December 2023 by Stewart Estate Agents, 34a Main Slreet, Molra, BT67 OLE, who are not connecled with th8 church. The valuatlon was made on an open m8rk8t value basis, whlch Ihe Iwste8s conslder to be the the valuallon as at 31 December 2024. 18 Flxed assot Investments Unllsled Invo8tm8nts Cost or valuatlon At 1 January 2024 Addilions Valuallon changes 1,618,970 49,883 24,047 At 31 December 2024 1.692,900 Carrylng amount At 31 December 2024 1,692,900 At 31 December 2023 1,618,970 -20-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Flxed assèt Inveslments {Contlnu6d) 2024 2023 Investments al falr value comprls8: Unit TTUSts Cash held by RCB 1.187,721 505.179 1,131,131 487.839 1,692,900 1,618.970 19 Debtors 2024 2023 Amounts falling due wlthin one year: Glft ald recelvable Unit trust Income receSvable Prepayments and accrued income 26,791 14,293 14.909 17,044 13,882 19,839 55.993 50.765 20 Credltors: amounts falling due wlthln ono year 2024 2023 other taxallon and social security Other cr6dilors Accruals and deferred income 4.235 462 9,042 4.215 648 11,888 13,739 16,751 21 Creditor6: amount$ falllng due after mora than one year 2024 2023 Parishioner loans 5,000 5,000 22 Retiremènt beneflt schemes 2024 2023 Defln8d contrlbutlon Schemes Charge lo profit or loss in resp8Ct of defined contribution schemes 10,760 11,497 The church operates a defined contribution pension scheme for all qualifylng employees. The assets of the schème are held separately from those of Ihe church in an Independently admlnistered fund. 21
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Restrlcted funds The restrlct8d funds of the charity comprlse the unexpended balances of donations and grants held on trust subject to specific condltlons by donors as to how Ihey may be used. Al 1 January 2024 Incomlng resources Resources expended Transfors Galns and losses At31 December 2024 Murdock Bèquest Bulldlng Fund Ibba Fundraising Mlssion Trips Fund DFC Fund LOGIC Fund St Johns Bowllng Club Land and Buildings (RCB) Inv8stmenl Property (RCB) Cash held (RCB) Unit Trusts Advent Fund 100,997 127.484 2,404 100,997 127,100 232 14,092 6,485 (14,476) (8,657) 2,504 1,477 114.674 1,686 155 144,412 4,190 1,632 110,356 (148,730) 1.656 700 (278) 2,078 2,313,766 2.313,766 450.000 487.839 1,145.014 26,462 450,000 505,179 1,202,015 26,462 17.340 32,954 24,047 4.774,277 217.824 (172,141) 24,047 4,844,007 -22-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Restrlcted funds (Contlnued) Provlous year: Al 1 January 2023 Incoming resources Resources expended Transfers Galns and losses At31 Docembor 2023 Murdock Beque51 Buildlng Fund Ibba Fundraislng Mission Trlps Fund DFC Fund LOGIC Fund st Johns Bowllng Club Women's Guild Land and Buildings {RCB) Inv8Stm8nt Property (RCB) Cash held (RCB) Unlt Trusts Advent Fund 100,997 117.997 1,404 100,997 127,484 2.404 9.487 1,372 (372) 2,329 1,322 124,511 975 155 167.456 (800) 2,504 1,477 114,674 (177,293) 1,336 10,801 1,060 (740) (501) 1.656 {10,300) 2,313,766 2,313,766 410.000 472,857 1,085,283 26,462 40.000 450.000 487,839 1,145,014 26,462 14,982 26,840 32,891 4.669.065 222,327 (179,706) (10,300) 72.891 4.774.277 The Murdock Bequest is to be used on the costs of the organ In The Parfsh Church The Building Fund is to be used to maintain Ihe church property The Ibba Fundraising Fund is lo be used on inltiatlv8S to 8UPPOrt the link Dlocèse in South Sudan Th6 Mlssion Trip Fund Is lo be used to support young peop16 undertaklng mission trlps Thls fund is lo bè used for Income from DFC for povety LOGIC funds are used to administer Logic and to SUPPOrt Loglc programs Sl John's Bowllng Club fund Is us8d lo support the activlll8s of Sl John's Bowling Club Women's Gulld fund is used to support Women's gulld aclivitles and provlslon of caterlng in the Parish Funds held in Land and Buildings (RCB) can only be used for capitsl prolecls approved by RCB Funds held in Investment Property (RCBI can only be used for capltal projects approved by RCB Fund8 held In cash by RCB can only be used for capltal projects approved by RCB Unil Trusts held by RCB can only be used for capltal projects approved by RCB Advent fund is used to support the diocesan evangelist and the children's ministry -23-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Unrastrlcted funds The unrestrlcted funds of the Charlty comprise Ihe un8xpended balancés of donatlons and grants whlch ar8 not subject to specific condltions by donors and grantors as to how they may be used. These include designat8d funds which havè b88n set aside out of unrestricted funds by th8 Irustees for speciflc purposes. At 1 January 2024 Incomlng resources Resources expendèd Transfers At31 Dacèmb8r 2024 General funds 455,713 390,507 (377,711) 468,509 Prevlous year: At 1 January 2023 Incomlng rèsourceg Rosourcos expended Transfèrs At31 December 2023 General funds 431,318 366,311 (352,216) 10,300 455,713 25 Analysls of net assèts between funds Unrestrlcled funds 2024 Restricted funds 2024 Total 2024 At 31 Decomber 2024: Tangible assets Investment properties Investménts Current assetsl(liabllllles) Long term Ilabililies 151,926 2,324,083 450.000 1,692,900 377,024 2,476,009 450,000 1.692.900 698,607 (5,000) 321,583 (5,000) 468.509 4,844.007 5,312,516 Unrestrlctad funds 2023 Restrlctèd funds 2023 Total 2023 At 31 December 2023: Tanglbl8 assets Investm8nl properties Investments Current assetsl(liabilltles) Long term Ilabllities 142,523 2.329.112 450,000 1,618,970 376.195 2.471.635 450,000 1.618.970 694,385 (5,000) 318,190 (5,000) 455,713 4,774,277 5,229,990 -24-
ST JOHN'S PARISH, MOIRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 26 Operating leaso commitments Lessor At the reportlng end date the church had contracted wlth tenants for th8 followlng mlnlmum lease payments: 2024 2023 thin one year Beeen iwo and five years In over five years 35,000 140,000 411.250 35,000 140,000 446,250 586.250 621,250 27 Rolated party transacllons There were no dlsclosable related paty transactions during the year (2023 - none). 28 Cash generaled from operatlons 2024 2023 Surplus for the year 82,526 129,607 Adluslmenls for.. Investment Income rècognised In statement of financial acllvltles Fair value gains and losses on Investment propertles Fair value gains and losses on investments Depreclatlon and impaimient of langible fixed assels {111,073) (100,968) (40,000) {32,891) 9,900 (24,047) 8,000 Movements in worklng capital.. (Incr6ase) In deblors (Decrease)lincr8as8 In creditors {5.228) {3,012) (2,370) 3.472 Cash absorbed by oporalions (52.834) (33.250) 29 Analysls of Changos In net funds The church had no malerial debt during Ihe year. -25-