Financial Report January- December 2023 Magheragall Parish Church Reb)isler¢d as a charity with the Cliarily Cc)minission for Northern Irelaiid NIC 101585
Magheragall Parish Church Page I SELEcf VESTRY'S REPORT ON THE FINANCIAL ACCOUNTS The members of the Select Vestry of the Parish of Magheragall present their Report and Financial Accounts for the year ended 31 December 2023 Membership Members of the Select Vestry are elected by the Annual General Vestry. During the year the following people served as members of the the Select Vestry- Rev. Nicholas Dark Chairman Mrs Ismay Moore Mr Robert Moore Rector's Church Warden People's Church Warden Mr Richard Belshaw Mr Brian Nettleship Reclorfs Glebe Warden People's Glebe Warden Elected Members Mrs Yvonne Belshaw Mrs Caroline Walker Mrs Muriel Mcconachie Miss Valerie Harron Mr Robert Harron Mr Neill Heaslip Mrs Kathleen Leathem Mr Brian Nettleship Mrs Elizabeth Park Mr Ronnie Teague Mr Stephen Walker Mr John Williams Appolnted Members Mrs Ismay Moore Mr Richard Belshaw Hon. Secretary to the Vestry Hon. Treasurer Mr Stephen Walker Mr William Leathem Ex- officio statement of the Select Vest members, res onslbllltles in res ect of the financial statements The Select Vestry has elected to prepare financial statements for the year ended 31 December 2023 which give a true and fair view of the state of affairs of the Parish and of its income and expenditure for that period. In preparing those financial ststements the Select Vestry is responsible for.. selecting suitable accounting policies and applying them consistently making judgements and estimates that are reasonable and prudent preparing the financial statements on the going concern basis The Select Vestry members confirm they have complied with the above requirements in preparing the accounts. The Select Vestry members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statements comply with the relevant legislation. They are also responsible for safeguarding the assets of the Parish and hence taking steps for the prevention and detection of fraud.
Magheragall Parish Church Page 2 ACCOUNTING POLICIES The accounts are prepared in accordance with applicable accounting standards and in compliance with the Charities Act N.1. Funds General Funds represent the funds of the Select Vestry that are not subject to any restrictions regarding their use and are available for the general purposes of the Select Vestry. Restricted Funds are those generated for a specific purpose, Commited Funds are funds commited for specfic projects. Income Reco nition Collections are recognised when received by or on behalf of the Select Vestry. Planned giving receivable by standin8 order is reco8nised when received. Income tax recoverable on gift ald donations are deferred to the following years accounts. Grants and legacies to the Select Vestry are accounted for as soon as the Select Vestry is notified of the amount due. Taxation The Church's Surplus Income is not subject to Corporation Tax. As the Church cannot reclaim VAT on expenditure, such tax is expended in the income and expenditure account as incurred. The Accounts were approved by the Selert Vestry on 19th March 2024 and signed on Its behalf by Chairperson Rev N J Dark (J Treasurer William A Leathem
Independent Examiner's Report to the Trustees of Magheragall Parish Church I report on the accounts of the charity for the year ended 31st December 2023 which are set out on pages 4 to 9. Respective responsibilities of trustees and examiner As the charity's trustee5 you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b} of the Charities Act., and slate whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9}Ibl of the Charities Act. My 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. My role is to state whether any material matters have come to my attention giving me cause to believe.. 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1110 {41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. aq,llJi C Michael M¢Carter FCA Chartered Accountants Ireland For and on behalf of GMCG Portadown Chartered Accountants & Statutory Auditor 17 Mandeville Street Portadown Co Armagh BT62 3PB
Magheragall Parish Church Page 4 Statement of Financial Activities Period 0110112023 to 3111212023 Note! Unrestricted Committed Restricted TOTAL FUNDS Funds Funds Funds 2023 2022 Incoming Resources Voluntary Giving Legacies Extraordinary General Income Investment Income General Parish Income Fundraising Events Property Related Income Other Funds Raised 81,821.89 10,408.94 41,944.52 7,608.00 5.614.35 3.923.50 990.40 92,230.83 41,944.52 8,108.00 11,558.36 4,583.50 13,396.61 11,705.19 435.83 96,132.28 500.00 5,944.01 660.00 12,406.21 11,705.19 2,575.45 7,630.18 4,790.00 13,400.24 10,503.95 1,620.92 435.83 Total Incoming Resources 113,037.30 0.00 70,925.54 183,962.84 136,653.02 Resources Expended Legacies Repairs and Upkeep Staffing Costs Heat Light & Power Diocesan Levies General Parochial Overheads Parochial Ministry Overheads Financial and Professional Costs Ftjndraising Costs Donation5 to Charitie5 & M issions Property Expenses -1.353.84 -9,396.28 -1,353.84 -13,875.91 -59,216.86 -10,316.97 -8,448.32 -13,087.42 -475.46 -1,102.58 -2,799.07 -7,278.15 -2.909.31 -51,897.82 -10,431.48 -57,911.46 -17,988.67 -9,693.09 -13,577.31 -1,450.61 -778.90 -4,831.85 -6,612.43 -4,401.70 io 4,139.63 li -59,216.86 12 -10,316.97 13 -8,448.32 14 -9,865.75 15 475.46 16 -1,102.58 17 -2,460.68 18 -1,588.99 19 -2,909.31 -340.00 -3,221.67 -338.39 -5,689.16 Total resources Expended -100,524.55 -340.00 -19,999.34 -120,863.89 -179,575.32 Net Income / Resources Expended Gross Transfers between Fund5" In, Gross Transfers between Funds" Out, Balance Brought Forward- l Jan 2023 12,512.75 -340.00 50,926.20 1.282.65 63,098.95 1,282.65 -1,282.65 430,228.83 -42,922.30 2,301.70 -2.301.70 473.151.13 -282.65 12.795.86 -iooo.00 5,335.06 412,097.91 Balance Carrled Forward 31 Dec 2023 25,025.96 3.995.06 464,306.76 493.327.78 430.228.83
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Magheragall Parish Church Page 6 Statement of Financial Activities Period 0110112023 to 3111212023 INCOMING RESOURCES Unrestricted Funds Committed Restricted Fund5 TOTAL FUNDS 2022 2023 VOLupifARY GIVING Weekly Envelopes Annual Donations Other General Donations Loose Collections Standing Orders includin8 FWOIGift Day/Harvest Gift Day Gift Aid - Tax Recovered regular 8ivin8 Donations Appeals etc Donation5 for Specific Purposes Monthly Giving- RestorationlDonations Harvest 48,466.82 1,555.00 3,670.00 2,580.34 13,568.00 1,491.10 9.382.63 -500.00 48,466.82 1,555.00 3,670.00 2,580.34 13,568.00 1,491.10 9,382.63 -500.00 5,176.94 5,232.00 1,608.00 92,230.83 46,968.77 1,750.00 3,171.00 1,170.02 12.666.00 1,446.00 16,882.69 462.50 4,917.30 5,412.00 1,292.00 96,138.28 5176.94 5232.00 1,608.00 81,821.89 TOTAL 0.00 10,408.94 LEGACIE5 Legacies 41,944.52 41,944.52 TOTAL 0.00 0.00 41,944.52 41,944.52 0.00 EXTRAORDINARY GENERAL INCOME Recurring One off Grants Committed Income 500.00 7,608.00 8,108.00 1,200.00 1,375.45 2,575.45 TOTAL 500.00 0.00 7,608.00 8,108.00 INVESTMENT INCOME Bank Interest Other Investment Income 991.57 4952.44 5079.17 535.18 5,614.35 6.070.74 5,487.62 11,558.36 957.51 6,672.67 7,630.18 TOTAL 5,944.01 0.00 5. GENÉRAL PARISH INCOME Magazine Advertising Magazine Donations Fees For Weddin85 Graveyard Fees Graveyard Donations 430.00 863.50 430.00 873.50 650.00 1,590.00 1,040.00 4583.50 360.00 1,150.00 0.00 3,240.00 40.00 4790.00 10.00 650.00 1,590.00 1,040.00 3923.50 TOTAL 660.00 0.00 6. FUNDRAISING EVENTS Catering Events Vintage Fair Other Fundraising Event5 562.50 10,378.21 1,465.50 12,406.21 562.50 10,378.21 2,455.90 13,396.61 2,250.00 5,947.24 5,203.00 13,400.24 990.40 990.40 TOTAL 0.00
Magheragall Parish Church Page 7 Statement of Financial Activities Period OII0112023 to 3111212023 Unrestricted Funds 1600.00 Committed Funds Re5trirted Funds Total Funds 2023 2022 1600.00 1600.00 2291.75 1301.75 7813.44 7602.20 11,705.19 10,503.95 7. Property Related Income Rent From Land Church Hall Donations for Heat and Light Bunglow Income 2291.75 7813.44 11,705.19 TOTAL 0.00 0.00 8. Other Funds Ralsed CMS Ireland - Boxes Leprosy Mission Sunday School Collection Sunday Cool Collections 9.44 28.00 141.38 257.01 435.83 9.44 28.00 141.38 257.01 435.83 17.00 50.00 1008.92 545.00 1620.92 TOTAL 0.00 0.00 RESOURCES EXPENDED Unrestrlcted Funds Commltted Funds Restrlcted Funds Total Funds 2023 2022 9. Legacies Legacie5 Expenses -1353.84 -1353.84 -51897.82 TOTAL 0.00 0.00 -1,353.84 -1,353.84 -51,897.82 10. Repalrs and Upkeep Cleaning Church and Hall Church Repairs & Maintenance Church Decoration Hall Repairs & Maintenance Health & Safety Annual Testing Rectory Repairs And Maintenance Committed expenditure -2,728.83 -245.00 -2728.83 -3834.63 -1531.59 -416.40 0.00 0.00 -2529.33 -457.20 -925.37 -603.80 -5820.79 -4854.45 -340.00 -265.00 -9,396.28 -13,875.91 -10,431.48 -1286.59 -168.43 -925.37 -72.00 -2,360.90 -5,748.79 -340.00 -340.00 TOTAL -4,139.63
Magheragall Parish Church Page 8 Statement of Financial Activities Period 01/0112023 to 3111212023 Unrestricted Committed Restricted Funds Funds Funds 2023 2022 11. Staffing Costs Clergy Stipend Office Allowance Locomotory Allowance Diocesan Levy Clergy Pension Holiday Cover Rector Visitin8 Preachers Organist Salary Holiday Cover Organist H M Revenue Payments -30,599.93 -925.00 -6,303.66 -10,848.00 -100.00 0.00 -2,650.00 -50.00 -7,740.27 -30,599.93 -30,199.96 -925.00 -800.00 -6,303.66 -5,988.84 -10,848.00 -9,651.62 -loo.00 -150.00 0.00 -40.00 -2,650.00 -1,850.00 -50.00 -300.00 -7,740.27 -8,931.04 TOTAL -59,216.86 0.00 -59,216.86 -57,911.46 12. Heat Light & Power Hall Heating Oil Rectory Heating Oil Church Light & power Hall light And Power -1395.00 -2,394.00 -5,952.00 -575.97 -10,316.97 -1,395.00 -1577.00 -2,394.00 -2134.00 -5,952.00 -12964.00 -575.97 -1313.67 0.00 -10,316.97 -17,988.67 TOTAL 0.00 13. Dlocesan Levles Diocesan Levies- Standard Diocesan Levies- Safeguarding Trust -8,382.72 -65.60 -8,448.32 -8,382.72 -9,628.18 -65.60 -64.91 0.00 -8,448.32 -9,693.09 0.00 14. General Parochial Overheads Insurance Office Stationery Office Photocopier- Maintenance Magazine costs- Graveyard Sundry Costs Other Expenses IT Hardware/Software Cheques not paid Grant Payees Internal -4,420.42 -620.73 -1,707.42 -4,420.42 -5,820.17 -620.73 -543.30 -270.23 -1,977.65 -875.59 -825.44 -825.44 -620.25 -1,126.00 -2,764.00 -4,458.00 -iooo.00 -1,000.00 -460.00 -1,434.18 0.00 45.00 0.00 -800.00 0.00 -3,221.67 -13,087.42 -13,577.31 -1638.00 -1,434.18 -45.00 TOTAL -9,865.75
Magheragall Parish Church Page 9 Statement of Financial Activities Period 0110112023 to 3111212023 Unrestricted Funds Committed Funds Restricted Funds TOTAL FUNDS 2023 2022 15. Parochial Ministry Overheads Worship related costs Clergy/Staff Training Communion Wine Sunday School Activities Sunday Cool Expences -425.46 425.46 0.00 -50.00 0.00 0.00 -475.46 -318.17 0.00 0.00 -1,132.44 0.00 -1.450.61 -50.00 TOTAL -475.46 0.00 0.00 16. Flnance and Profe5slonal Costs Audit & Accountacv Bank Fees & Charge5 -600.00 -502.58 -1,102.58 -380.00 -398.90 -778.90 .600.00 -502.58 -1,102.58 TOTAL 0.00 0.00 17. Fundialsln8 Costs Catering Events Vinta8e Fair Other Fund Raising Costslcar Parkl -235.99 -2,224.69 -338.39 -2,799.07 -290.59 -4041.26 -500.00 -4,831.85 -235.99 -2224.69 -338.39 -338.39 TOTAL -2,460.68 0.00 18. Donatlons To Charltles And Mlsslons CMS Ireland Leprosy Mission Distribution of Special Collections Church Tithe Donations and Appeals Sunday School Collections 0.00 0.00 -5,765.93 -1,000.00 0.00 -512.22 -7,278.15 -17.00 -so.00 -4917.30 0.00 0.00 -1628.13 -588.99 -1,000.00 -5,176.94 -512.22 -5,689.16 TOTAL -1,588.99 0.00 -6,612.43 19.Property Expenses Rectory Rates Bungalow Maintenance Water Rates -1,410.30 -1,118.37 -380.64 -2,909.31 -1,410.30 -1,118.37 -380.64 -2,909.31 -1332.57 -2927.40 -141.73 -4,401.70 TOTAL 0.00 0.00
Magheragall Parish Church Page 10 VOLUNTARY GIVING Gift aid Amount relates to 2022 FWO,HaNest.Gift Day and Restoration Contributions Period ending 31 December 2023 FWO Gift Da Harvest 280.00 157.00 255.00 220.00 154.12 61.00 10.00 375.00 40.00 350.00 215.00 390.00 loo.00 Harvest Rest. Gift aid 75.00 60.00 No Rest. Gift aid 70.00 No 56 57 58 59 60 61 62 63 64 65 66 68 69 71 72 73 74 75 78 79 81 82 83 84 85 86 87 88 89 91 92 93 94 95 96 97 98 99 loo ioi 102 FWO 340.00 300.00 loo.00 35.00 loo.00 iooo.00 48.00 170.00 50.00 300.00 115.00 25.00 105.00 290.00 131.50 672.00 302.00 265.00 245.00 150.00 105.00 610.00 240.00 1603.00 520.00 300.00 250.00 loo.00 40.00 285.00 70.00 104.00 140.00 500.00 265.00 140.00 200.00 230.00 500.00 600.00 loo.00 Gift Da 20.00 5.00 5.00 5.00 5.00 55.00 iio.00 10.00 20.00 26.25 io li 12 50.00 10.00 20.00 13 14 15 16 17 18 19 20 23 24 25 26 28 30 32 33 37 38 39 40 41 42 43 44 45 46 48 50 51 67.50 10.00 5.00 75.00 137.50 10.00 10.00 5.00 75.00 20.00 iio.00 5.00 10.00 5.00 27.50 130.00 115.00 60.00 540.00 401.00 240.00 280.00 loo.00 65.00 520.00 40.00 20.00 40.00 20.00 5.00 20.00 iio.00 65.00 20.00 10.00 40.00 10.00 180.00 60.00 25.00 130.00 10.00 2.00 2.00 50.00 120.00 200.00 10.00 402.00 195.00 75.00 90.00 300.00 240.00 240.00 25.00 60.00 10.00 10.00 60.00 165.00 230.00 138.00 50.00 1500.00 255.20 5.00 5.00 60.00 120.00 250.00 5.00 250.00 5.00 385.00 20.00 20.00 15.00 5.00 120.00 10.00 iio.00 30.00 10.00 370.00 520.00 190.00 300.00 402.00 440.00 loo.00 275.00 280.00 10.00 10.00 10.00 10.00 5.00 6.00 25.00 10.00 115.00 90.00 20.00 20.00 70.00 91.00 50.00 22.50 20.00 30.00 20.00 50.00 20.00 30.00 52.00 95.00 138.75 52 53 55 15.00 40.00 20.00 45.00
Magheragall Parish Church Page 11 VOLUNTARY GIVING Gift aid Amount relates lo 2022 FWO,Harvest,Gift Day and Restoratson Contributions 31 December 2023 Period endin Gift Day Harvest Rest. Gift ald FWO Gift Day Harvest Rest. Gift aid 103 360.00 50.00 250.00 40.00 1190.00 204.00 80.00 350.00 265.00 156 157 158 161 162 163 40.00 175.00 250.00 104 106 107 109 iio iii 112 113 114 116 117 118 119 120 121 122 123 126 127 129 130 10.00 10.00 20.00 20.00 iio.00 10.00 60.00 790.00 15.00 20.00 20.00 25.00 5.00 5.00 500.00 300.00 50.00 iio.00 loo.00 10.00 130.00 270.00 190.00 291.00 220.00 270.00 30.00 265.00 235.00 1160.00 90.00 135.00 164 165 168 169 170 171 172 173 174 176 177 178 179 183 184 185 186 187 188 189 190 5.00 60.00 5.00 10.00 5.00 10.00 20.00 120.00 60.00 525.00 32.50 15.00 155.00 10.00 20.00 20.00 10.00 20.00 120.00 65.00 95.00 910.00 470.00 250.00 230.00 20.00 235.00 20.00 2570.00 160.00 350.00 70.00 228.00 260.00 75.00 530.00 iooo.00 530.00 280.00 1080.00 200.00 20.00 212.00 2140.00 120.00 120.00 240.00 75.00 355.00 137.50 75.00 10.00 80.00 20.00 60.00 55.00 5.00 20.00 10.00 70.00 20.00 67.50 10.00 68.75 5.00 5.00 20.00 50.00 190.00 1.25 131 132 134 135 136 137 138 139 140 143 144 14S 147 148 149 150 73.00 270.00 500.00 260.00 loo.00 900.00 500.00 205.00 1090.00 320.00 275.00 120.00 10.00 10.00 210.00 300.00 85.00 65.00 75.00 65.00 191 193 194 195 9.10 10.00 128.75 250.00 125.00 120.00 120.00 120.00 240.00 10.00 20.00 20.00 10.00 30.00 10.00 40.00 10.00 20.00 120.00 230.00 75.00 75.00 197 198 199 5.00 10.00 5.00 65.00 5.00 200.00 10.00 10.00 5.00 200.00 10.00 10.00 52.00 540.00 25.00 220.00 120.00 120.00 151 152 153 154 70.00 30.00 30.00 120.00
Magheragall Parish Church Page 12 VOLUNTARY GIVING BY STANDING ORDER AND ANNUAL DONATIONS Gift aid Amount relates to 2022 FWO,Harvest,Gift Day and Restoration Contributions Period ending 31 December 2023 Glft Da FWO Harvest Gift Day Rest. 300.00 960.00 Rest. Gift aid No soi S02 S03 S04 S05 S06 S07 S08 S09 solo soil S012 5013 5014 S015 S016 S017 S018 S019 S020 S021 S022 S023 5024 S025 S026 S027 S028 S029 Glft aid No 5030 S031 S032 S033 S034 5035 S036 S037 5039 S042 S043 S044 S045 S046 S047 S048 S049 S050 FWO Harvest 40.00 40.00 240.00 220.00 360.00 240.00 275.00 160.00 330.00 440.00 480.00 80.00 1300.00 48.00 480.00 120.00 420.00 240.00 120,00 300.00 25.00 60.00 300.00 5.00 240.00 240.00 275.00 360.00 120.00 240.00 20.00 20.00 5.00 60.(A) 60.00 90.00 325.00 120.00 30.00 87.50 180.00 20.00 480.00 240.00 600.00 150.00 240.00 40.00 ADOI AD02 AD03 AD06 AD07 AD08 AD09 ADOIO 150.00 loo.00 500.00 150.00 loo.00 loo.00 55.00 400.00 330.00 520.00 520.00 360.00 550.00 360.00 360.00 240.00 10.00 10.00 10.00 10.00 125.00 135.00 25.00 25.00 150.00 90.00 90.00 60.00
Magheragall Parish Church Page 13 ORGANISATION'S ACCOUNTS Magheragall Parish Ramblers INCOME Balance in bank at l January 2023 Membership Fees inc donation Donation for BBQ Accounts for the period 1st January to 31 December 2023 EXPENDITURE 86.41 Donation to Magheragall Parish Church 200.00 BBQ Costs for meat and charcoal 61.54 loo.00 168.71 Balance at Bank on 31 December 2023 79.24 347.95 347.95 Magheragall Mothers Union INCOME Balance in bank at l January 2023 Subscriptions Subscriptions Private Donation Subscriptions/Bring & Buy Sale Accounts for the period 1st January to 31 December 2023 EXPENDITURE 464.74 Members Subscriptions to MU 270.00 Flowers for Anniversary 50.00 Mackys Bakery 80th anniversary 20.00 270.00 551.00 50.00 67.00 Closin8 Balance at 31st December 2023 406.74 1,074.74 1,074.74 Magheragall Seniors & Friendship Club INCOME Balance in bank at l January 2023 Cash in hand Members subs Donation Misc Credits Accounts for the period 1st January to 31 December 2023 EXPENDITURE 410.45 Catering Costs 18.60 Group Activity 1,991.00 Luncheon costs 143.00 Bank charges 202.26 Christmas gifts Misc Expences Donation to Church re Heat & Li8ht Cash in Hand on 31st December 2023 Balance at Bank on 31 December 2023 119.80 69.00 1844.35 34.54 75.00 77.78 200.00 98.37 246.47 2,765.31 2.765.31
Magheragall Parish Church Page 14 Magheragall Parish Bowling Club INCOME Balance in bank at 1st September2022 Cash in Hand 1st September 2022 Accounts for the period 1st Sept 2022 to 31 March 2023 EXPENDITURE 1264.04 No Bowls held 0.00 Balance in Bank at 31 March 2023 Cash in hand on 31 March 2023 1264.04 0.00 1,264.04 1,264.04 Magheragall Craft Group INCOME Accounts for the period 1st April 2022 to 31st March 2023 EXPENDITURE Balance in bank at l Aprll 2022 Cash in hand 1st April 2022 Weekly Subs R Orr use of hall by Flower class Project restart fundin8 Donations Tea /Coffee 175.91 Magheragall Parish Church Use of Hall by Flower group 107.68 Craft Items for workshop 145.00 Teas/Coffee 620.00 100.00 Cash in hand 31 March 2023 18.50 Balance at Bank on 31 March 2023 1,167.09 620.00 ioo.oi 8.49 102.81 335.78 1,167.09 NOTES Magheragall Toddler Group Account closed in 2022 and lodged within Committed funds within main church account total of £875.45 CL & CG8 Nl Headquarters has £632.18 held in trust for a new company at Magheragall.