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2023-12-31-accounts

Charity registration number NIC101454

Company registration number NI608408 (Northern Ireland)

MAGHERALIN PARISH CARING ASSOCIATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

MAGHERALIN PARISH CARING ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr B O'Malley Rev S Genoe

Charity number

NIC101454

Company number

NI608408

Registered office

3 New Forge Road Magheralin Craigavon BT67 0QJ

Independent examiner

Harbinson Mulholland Centrepoint 24 Ormeau Avenue Belfast Co. Antrim Northern Ireland BT2 8HS

MAGHERALIN PARISH CARING ASSOCIATION

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Statement of financial position 6
Statement of cash flows 7
Notes to the financial statements 8 - 14

MAGHERALIN PARISH CARING ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Governing Document

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The charity is governed by its Memorandum and Articles of Association.

Registration

Magheralin Parish Caring Association (MPCA) is the registered name of the charity. The Registered Charity number is NIC 101454

Organisation

The majority of Trustees must be members of and appointed by the Select Vestry of Magheralin Parish Church with some members of the General Vestry who are also appointed. The Trustees manage all business decisions. The Trustees generally meet quarterly to discuss how to implement the recommendations from the Community Audit Report, to understand what is going on in the community and other issues such as affiliation of member organisations.

Risk Management

The Board of Trustees have assessed the principle risks to which the Association is potentially exposed, in particular those relating to its operations and finances. It is recognised that risk management is an ongoing activity involving all Trustees, and it has been established as an annual agenda item for the board. The Board is satisfied that systems are in place to mitigate these risks.

Objectives and activities

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

'Public Benefit' is the legal requirement that every organistation set up for one or more charitable aims must be able to demonstrate. In order for an organistation to be recognised, and registered, by the Commission as a charity in Northern Ireland it must fulfil the requirements of the Public Benefit Test known as 'the public benefit requirement'

In order to meet the requirements of the test, an organisation must operate to fulfil one or more 'charitable purposes' as set out within the Charities Act (Northern Ireland) 2008.

The objectives of MPCA is to support charitable activities such as provision of facilities in the interest of social and community welfare, advancement of education and training, protection of physical/mental health and wellbeing, with the aim of improving the life of inhabitants within the local communities, and in particular:

MAGHERALIN PARISH CARING ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance

MPCA continues with the aim “to love and to care” with a clear focus on activities to help people in need in our local community. In referencing our ‘local community’ we wish to offer support to any of the 2,500 plus families that live in the two villages of Magheralin and Dollingstown and the surrounding areas regardless of age, gender, sexual orientation, disability/ability, race, political, religious or other opinion.

The Trustees are grateful for all grants and donations received during the year. Without these we would not be able to run our programs.

We would like to thank ABC council for the grant of £500 towards our Community Fun Day. This was a very successful event with over 1,000 people of all ages from our community enjoying a free day out with their family. With the cost-of-living crisis continuing to squeeze family’s finances this event was very much appreciated by all those who came.

We would also like to thank, The Allen Lane Foundation who gave a very generous grant of £4,320 to help fund a gardener for our gardening club. The gardening club welcomed new members of all ages both to our fortnightly program and to our all-age community garden days. The gardening club is a great addition to the local community, and it is helping to reach people who are isolated, lonely, depressed or bored to come together with a common goal to tend to and enhance the garden. It is giving people a sense of purpose and belonging as the gardening club comes together under the supervision of the gardener to learn new skills, develop friendships and watch the garden flourish.

Playdays toddler group operates in Dollingstown and Magheralin. During the year we have welcomed new parents and carers into the group and have around 25 children in Magheralin and 15 in Dollingstown. The program is continuing to expand and provides support and friendship to young families and carers in our local community.

The Seniors group has thrived this year and received grants from ABC council to help run the program. The grants were used to provide live music for several of our coffee mornings, the music was thoroughly enjoyed by all members of the group. We also got funding to host a Coronation Party to celebrate the Coronation of King Charles III, this brought back found memories to the many members who lived through the previous Coronation! Around 4045 people (both men and women) regularly attend the coffee mornings and it is lovely to see this group of people come together for friendship and companionship.

The Red Door children and youth activities have continued to reach out to young people in Magheralin and Dollingstown engaging with over 200 under 18s throughout a wide range of programs. We run a weekly kids club on a Friday night, a weekly youth club on a Sunday night and have several midweek activities that offer physical, social and educational opportunities for all.

The CAP Lurgan debt centre closed during the year and the Trustees are looking at the best was to assist people in our area with debt issues.

The Trustees met regularly through the year to review activities and ensure all financial and governance matters were attended to in a professional manner. Funding for activities is by means of grants and individual donations.

MAGHERALIN PARISH CARING ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

During the period an amount of £35,085 (2022: £61,448) was received from donations and grants. After expenditure of £35,085 (2022: £56,504) net movement in funds amounted to a deficit of £8,359 (2022: £4,944 surplus). The movement in funds have been included in the restricted funds brought forward giving a balance of £13,480 (2022: £21,839) at the balance sheet date.

Reserves Policy

The Association is principally funded by donations. The Board of Trustees ensures that the level of reserves is such that it can meet its administrative expenses over the period (target reserves).

Taxation status

The Association being a charity by HM Revenue & Customs has no liability to taxation on its charitable activities.

Plans for the future

In 2024 we want to continue to make the gardening club accessible to as many people as possible so that they can enjoy being part of a group, learn new skills and to maintain the Garden of Reflection in Magheralin.

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr B O'Malley

Rev S Genoe

The trustees' report was approved by the Board of Trustees.

.............................. Mr B O'Malley Trustee 25/10/2024

.............................. Rev S Genoe Trustee

Date: .............................................

MAGHERALIN PARISH CARING ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF MAGHERALIN PARISH CARING ASSOCIATION

We report to the trustees on our examination of the financial statements of Magheralin Parish Caring Association (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements and you have considered the audit requirement of Section 65(3) of the Charities Act (NI) 2008 (the Act). Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to:

Independent examiner's statement

We have examined your charity accounts as required under Section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.

Harbinson Mulholland

Centrepoint 24 Ormeau Avenue Belfast Co. Antrim BT2 8HS Northern Ireland

25/10/2024 Dated: .........................

MAGHERALIN PARISH CARING ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Restricted Restricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 3 35,085 61,448
Charitable activities 4 43,444 56,504
Net income/(expenditure) and movement in funds (8,359) 4,944
Reconciliation of funds:
Fund balances at 1 January 2023 21,839 16,895
Fund balances at 31 December 2023 13,480 21,839

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

MAGHERALIN PARISH CARING ASSOCIATION

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
12		 2023
£
-
14,871
14,871
1,550		 £
159
13,321
13,480
13,480
13,480		 2022
£
348
43,571
43,919
22,412		 £
332
21,507
21,839
21,839
21,839

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The Members acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

25/10/2024

The financial statements were approved by the trustees on .........................

.............................. .............................. Mr B O'Malley Rev S Genoe Trustee Trustee

Company registration number NI608408 (Northern Ireland)

MAGHERALIN PARISH CARING ASSOCIATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
Notes
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
15
(28,700)
Net cash used in investing activities
-
Net cash used in financing activities
-
Net (decrease)/increase in cash and cash
equivalents
(28,700)
Cash and cash equivalents at beginning of year
43,571
Cash and cash equivalents at end of year
14,871		 £
6,209
-
-
6,209
37,362
43,571

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Magheralin Parish Caring Association is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 3 New Forge Road, Magheralin, Craigavon, BT67 0QJ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Restricted Restricted
funds funds
2023 2022
£ £
Donations and gifts 29,865 56,027
Grant Income 5,220 5,421
35,085 61,448

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

4 Expenditure on charitable activities

Direct costs
Depreciation and impairment
Bank fees
Advise to families
Family support
Charity programmes
Playdays
Seniors
Recharge of staff costs
Garden maintenance
Share of support and governance costs (see note 5)
Governance
Analysis by fund
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Accountancy
-
600
-
600		 Heading
#ac982
Heading
#ac982
2023
2022
£
£
173
173
93
93
3,326
4,992
3,635
11,346
4,683
5,973
1,200
827
2,339
1,260
22,571
31,240
4,824
-
42,844
55,904
600
600
43,444
56,504
43,444
56,504
2023Support costs Governance
costs
2022
£
£
£
£
600
-
600
600
600
-
600
600

5 Support costs

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Total - -

There were no employees employed directly by Magheralin Parish Caring Association during the year, however staff costs amounting to £22,571 (2022: £31,240) have been recharged by Magheralin Parish Church for employees who carry out work on behalf of the charity.

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9 Tangible fixed assets

9 Tangible fixed assets
Computers
£
Cost
At 1 January 2023 692
At 31 December 2023 692
Depreciation and impairment
At 1 January 2023 360
Depreciation charged in the year 173
At 31 December 2023 533
Carrying amount
At 31 December 2023 159
At 31 December 2022 332
10 Debtors
2023 2022
Amounts falling due within one year: £ £
Other debtors - 348

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 1,550 22,412

12 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds
Balance at Incoming Resources Balance at
1 January resources expended 31 December
2023 2023
£ £ £ £
Restricted Funds 21,839 35,085 (43,444) 13,480

13 Analysis of net assets between funds

Restricted
funds
2023
£
Fund balances at 31 December 2023 are represented by:
Tangible assets 159
Current assets/(liabilities) 13,321
13,480
Restricted
funds
2022
£
Fund balances at 31 December 2022 are represented by:
Tangible assets 332
Current assets/(liabilities) 21,507
21,839

14 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

MAGHERALIN PARISH CARING ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15
Cash generated from operations
2023
£
(Deficit)/surpus for the year
(8,359)
Adjustments for:
Depreciation and impairment of tangible fixed assets
173
Movements in working capital:
Decrease in debtors
348
(Decrease) in creditors
(20,862)
Cash (absorbed by)/generated from operations
(28,700)		 2022
£
4,944
173
1,327
(235)
6,209