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)(Restrict￿1(unrestl$cted}
G•nornl Prop•ty Grav•y*Td Dèposit
Fund
Fund
Fund
Fund
2022
FWO {711
Gilt Aid
Plate cdlectkffis
H8rvost
Gift Day
Sp8aal collect1￿$ (Mlssions}
Special Evenis
DontttionslBeq￿athad
Inccmne from prOpertY￿and￿lreI9I8Y0y¥d
nadone Conl to Stipe
Bank Interest
£52.￿3
£16.060
£6.002
£2.975
£60
£9.091
£22,100
£39.848 £19.$43
£2,7￿ £5.￿
£8.586
£326
£3.020
£55,923
£16.C60
£6,002
£2,975
£60
£9,091
£22,100
£59,390
£7.996
£8,586
£478
£48,838
£9.174
£3.208
£2,655
£40
£607
£14,107
£20,542
£4.121
£6.596
£274
£116
Sub Total: Roc•lpts
£160.740 £27.884
£36 £t88.661
£119 160
P•yments
Sli￿nd1L¢XOlcPF1pAyElNIc
Diocesèn GOner￿ Fund
OTganlsl$' Fe8s & mu￿ranS & 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 Pa￿Tr•￿t8
£67.424 £27.844
£42.039
£0
£0
£0
£0
Bal*n￿ 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¥m￿nt
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 Financ￿1 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.1￿j.
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