MAGHERALLY PARISH CHURCH CHARrrY NO 101673 RAFT . ACCO FOR THE Y 31ST DECEMBER 2023 ENDED
Independent examlner's statement I have completed my examination and have no concems in respect of the matters ( l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, and I have found no matters that require drawing to your attention. David Topley MIATI MArr Date: 04/0312024
TRUST: Ma herall Ima herall &AnnaclonelSt.John the Evan elisUDown& Dromorelchurch Of Ireland Charity Number- 101673 I report on the accounts of the Trust for the Year Ended 31st December 2023, which are set out on pages 3-7. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: El examine the accounts under section 65 of the Charities Act El follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Art El state 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)(b) 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: l. 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.
DRAFf MAGHERALLY PARISH CHURCH - Chari No 1016n Recel and Pa nt De boi 023 (Unr•slrkted(Rostr1cted)(Restrict1(unrestl$cted} G•nornl Prop•ty Grav•yTd Dèposit Fund Fund Fund Fund 2022 FWO {711 Gilt Aid Plate cdlectkffis H8rvost Gift Day Sp8aal collect1$ (Mlssions} Special Evenis DontttionslBeqathad Inccmne from prOpertYandlreI9I8Y0y¥d nadone Conl to Stipe Bank Interest £52.3 £16.060 £6.002 £2.975 £60 £9.091 £22,100 £39.848 £19.$43 £2,7 £5. £8.586 £326 £3.020 £55,923 £16.C60 £6,002 £2,975 £60 £9,091 £22,100 £59,390 £7.996 £8,586 £478 £48,838 £9.174 £3.208 £2,655 £40 £607 £14,107 £20,542 £4.121 £6.596 £274 £116 Sub Total: Roc•lpts £160.740 £27.884 £36 £t88.661 £119 160 P•yments Slind1L¢XOlcPF1pAyElNIc Diocesèn GOner Fund OTganlsl$' Fe8s & muranS & Preathe Insurance Special Events. Misston$ and clwiti Propety maintenance LBhl, Heal & Water £48.223 £5.476 £210 £2.492 £9.091 £15.318 £8.360 £1,114 £305 £2.559 £169 £48.223 £5.476 £210 £2.492 £9,091 £15,318 £8,360 £1.114 £305 £2,559 £209 £37.473 £5,605 £1,337 £2,291 £5,002 £16,608 £5,313 £1.122 £S44 £1,638 £186 ststionery General 8xpr4nses Bank fees £40 Sub Totsl: Paym•nts £93.316 £0 £0 N•t R•c•lpts ov•r PaTr•t8 £67.424 £27.844 £42.039 £0 £0 £0 £0 Baln at 1st J*nu•ry 2023 £86.471 £34.352 £2,887 £123,710 £81.671 Balanco at 31st O•c•mber 2023 Page 3
Ma6heralty Parfsh Cknurth Notes to the Flnancbl Statements Far The Year Ended 31st Derembef 2023 ststement of Assets & Llabllltles as at 31st December 2023 Unrestrkted Restrlcted Endo¥mnt Fund5 Funds Funds 2023 2023 2023 Total 2025 Total 2022 Cash Funds 120,823 CurrentAccounts 153,895 62.196 216.091 Deposit Accounts 2.923 2,923 2.887 62,196 219,014 123,710 Total Cash Funds 156,818 Asset5 retalned forthe Parlsh's own use Parish Hall Rectory Lands 699.705 527.193 100,orM) 699.705 527.193 l(M),O 699,705 527,193 100,0 Totsl Assets retained lor the Parlsh's own use 1,326.898 1,326,898 1,326,898 We approve of these accounts and confim) that we have made available all relevant records and inlormation for their preparation. Sl8 Rev K Salmon Hon. Tre•sureT Phlllp Spratt Iirt f¢7vcL 201 Page 4
Maghernlly Parish Church t4otes to the Financ1 Statements For The Year Ended 31st December 2023 Accounting Policies: Set out below are the princlpal accounting polides which have been adopted In the compilatK)n of the Receipts and Payments Account and the Statement of Assets and Liabillties. (a) Recelpts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipt5 basis. (bl Statement ol Assets and Llabllltles (l) Assets retalned for the Partsh's own use The assets of the Parish retained for its own use comprise:_ Churth Bulkling and Graveyard Parlsh Hall Rectory Lands The Church Building and Grav@prd are deemed to be Heritage assets as defined by the Charities SORP {FR5102). These Heritage assets are not included tn the statement of assets and liabilities as information on the cost or valuatlon is not available and such tnformation cannot be obtained at a c05t commensurate with the benefit to the user5 of the accounts and to the parish. lThis will be the most common accounting policy, where the church is not deemed to be a herita8e asset specific advice will need to be taken). The Parish Hall etc are ascribed a value based on the insurance valuation. No depreciation has been provided on the Parish Hall as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The minimum threshold of cost for an item to be considered to be capitslised as a fixed asset Is not less than £IOCXJ.1j. Reconcillatk)n of Cash Funds Total Cash Funds at the be8lnnln8 ol the year. 123.710 Receipts for the year Payments for the year 188.661 -93.356 Total Cash Funds atthe end of year 219.ols Page 5
Magheralty Parfsh Church Notes to the Hnanclal Ststements For The Year Ended 31st December 2023 Movement In Funds At lrt Jan 2023 InuxnhN8 Outgoing Resources Rewurces Trnnsfers At 31st Dee 2023 Endowment Funds Totals Restrlrted Funds Property Fund Graveyard Fund 34.352 27.884 62,196 Totals 34,352 27.884 62,196 Unrestrlcted Funds General Fund Danske Investment Fund 86.471 2,887 160,740 36 -93.316 153.89S 2.923 Totals 89.358 160,776 -93.316 156.818 Total Funds 123,710 188.660 -93,356 219,014 Pu of Restrlrted Funds se of Unrestrkted Funds General Funds . These funds are for the general runnin8 of the church. to provide a stipend to the Rertor, etc. Deposit Funds . These funds assist the general funds and any church developments etc. Pa8e 6
Magherally Parlsh Churth Notes to the Flnanclal Statements ForThe Year Ended 31st Deceffi 2023 Bèreavement Commlttee & Ladles faulld. Two other accounts were operated durin8 the year as detalled below: Gulld Balance M at 1st January 2023 1.349 1.503 Income 724 5,574 Expenditure -2.073 -1.100 Balance as at 31st t*cember 2023 5.977 Transactlons wlth the Tntstees No trustee received any remuneration or reimbursement of expenses during the year. Goverance costs incurred dur5ng the year amounted to £61K), being payment to independent examiner D Topley & Co Ltd. Page 7