St Jude's Parish Church Muckamore Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2022 Charities Number: 101741
St Jude's Parish Church Muckamore Annual report and financial statements for the year ended 31 December 2022 Contents Pages Reference and administrative Details Trustees, report ndependent-Examiners-report-to-the trustees Receipts and Payments Account Statement of assets and Liabilities Notes to the financial statements 10-12
st Jude's Parish Church, Muckamore Reference and administrative details Charity Name: St Jude's Parish Church, Muckamore Charity Registration Number: 101741 Contact Address.. 43 Oldstone Road Muckamore Antrim Co.Antrim BT414SE Trustees Andrew McFaul Andrew Stewart Carl Blackwell Gordan Johnston Ellen McKelvey lan Johnston June McGrillen Keith Mccullagh Lily Ross Mae Clarke Margaret Johnston Richard Hunter Silvia Beacom John Clarke James Moore Principal Office-bearers Honorary Secretary.. June McGrillen Clergy.. Vacant on retirement of Rev John Mcclure Church Treasurer.. Richard Hunter Church Warden- Clergy.. Gordan Johnston Church Warden - People.. lan Johnston Independent Examiner Mccleary and Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn BT28 1TP Bankers Ulster Bank 8 Market Square Antrim BT414AT
St Jude's Parish Church. Muckamore Trustees, Annual Report for the year ended 31 December 2022 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for St Jude's Parish Church Muckamore for the year ended 31 December 2022. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St Jude's Parish Church Muckamore is to support the advancement of the Christian religion by promoting, through the work of the congregation the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, St Jude's Parish Church MuEkamore-h-as-custo-dy-of certain-property-, 'records-, materials and-artefacts-which-are of significance-to-the cultural and religious heritage of the whole community, the maintenance of which is undertaken by the select vestry of St Jude's Parish Church Muckamore. Achievements, Performance & Public Benefit The church was once again heavily involved within the local community during 2022, despite Covid 19 restrictions. In the year a significant proportion of the church's outreach work was carried out in conjunction with Muckamore Parish Development Association. Financial Review The income for the church from various sources was £79,958 with outgoings of £52,208, giving an excess of income over expenditure of £27,750, (2021 Surplus £19,781), the bank and cash balances at 31 December 2022 were in surplus to the value of £74,155, {2021, surplus £46,405}. It is the trustee's policy to hold enough reserves to cover unexpected emergencies and to have adequate reserves for church property maintenance and to further the objectives and activities of the parish. Going Concern The trustees have reviewed the budget for the year ahead and are satisfied that there are adequate funds in place to ensure the church can continue its activities and the financial statements for year ended 31 December 2022 can be signed off as a going concern.
st Jude's Parish Church. Muckamore Trustees, Annual Report for the year ended 31st December 2022 (continued) Structure, Governance and Management Goveming Document and Constitution of the Charity St Jude's Parish Church Muckamore is governed and managed in accordance with the constitution of the Church of Ireland. The select vestry members are the charity trustees. Recruitment and Appointment of Select Vestry (Trustees) All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be seNed. Organisational Structure The select vestry is responsible for the day-to-day management of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant ("the curate"), the churchwardens, the glebe wardens and generally not more than fwelve other members of the general vestry elected at the General Vestry. The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied. The select vestry meets at times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2022 the Select Vestry met 7 times during the year. Compliance with Public Benefit The Parish has considered the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Report and the statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year.
St Jude's Parish Church, Muckamore Trustees, Annual Report for the year ended 31st December 2022 (continued} Statement of Trustees, Responsibilittes (continued) The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Richard Hunter Ellen mce1veY Date 3 February 2023
St Jude's Parish Church Muckamore Independent Examiners Report to the Trustees of St Jude's Parish Church, Muckamore We report on the accounts for the year ended 31 December 2022 set out on pages eight to twelve. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: examine the accounts under Section 65 of the Charities Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 65(9)(b) of the Charities Act)., and to state whether any particular matters have come to our attention. Basis of the independent examiner's report 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 Charities Commission for Northern Ireland under section 65{9}(b) of the Charities Act. Our 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 of 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: That accounting records were not kept in accordance with section 63 of the Charities Act. That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters {11 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. Mccleary & Compan Lt Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP Date.. 3 February 2023
St Jude's Parish Church, Muckamore Receipts and Payments Account for the year ended 31 December 2022 Unrestricted Funds 2022 Restricted Funds 2022 Total 2022 Total 2021 Note Recei Donations & plate collection Gift Aid Proceeds from Fund Raising Events Donations Other Receipts 50,941 9,932 12,883 63,824 9,932 66,887 13,781 2,370 2,922 2,370 3,832 1,015 21,148 910 Total-Re'cel ts -66-.165 13-,793-_____79",958 101-,831-_ Pa ments Wages and Salaries Diocesan CostslAssessment Church Running Costs Computer Costs Administration Costs Fundraisingldonations Costs Insurance Sundry Expenses Bank Charges Projector and Picnic benches Accountancy 6,199 11,976 11,076 6,199 11,976 19,326 701 1,140 4,902 2,646 955 325 2,958 1,080 45,036 17,949 8,112 2,251 930 2,805 2,429 1,105 353 8,250 701 1,140 4,902 2,646 955 325 2,958 1,080 1,080 Total Pa ments 43,257 8,951 52,208 82,050 Excess of Receipts over Payments for the year before transfers 22,908 4,842 27,750 19.781 Transfers Excess of Payments over receipts for the year 22,908 4,842 27.750 19.781 On Behalf of the Trustees Richard Hunter Ellen McKelvey Date: 3 February 2023
st Jude's Parish Church, Muckamore Statement of Assets and Liabilities as at 31 December 2022 Unrestricted Funds 2022 Restricted Funds 2022 Total 2022 Total 2021 Glebe House Cash Funds Current Accounts Deposit Accounts Total Cash Funds 275,000 275,000 260,000 40,097 34,058 74,155 46,405 40,097 34,058 74,155 46,405 Liabilities Loans Total Liabilities Total Assetl (liabilities) 315 097 349 155 306 405 On Behalf of the Trustees Richard Hunter Ellen McKelvey Date: 3 February 2023
St Jude's Parish Church Muckamore Notes to the financial statements for the year ended 31 December 2022 1. Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. {b) Statement of Assets and Liabilities {i)-Assets retained.for the"Parisli's own-use The assets of the Parish, retsined for its own use comprise, Church Building and Graveyard Parish Centre Glebe House Fixtures and fittings The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102) These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Parish Centre Is not included in the statement of assets and liabilities as it was built at a time when there were no reliable records of construction costs and a valuation of such a building lacks sufficient reliability. As such, no depreciation has been provided on the parish centre buildings as the current estimated residual value is not less than the carrying value and the remaining useful life currently exceeds 50 years. The Glebe House is recognised at deemed cost, being the estimated fair valuation of the property for rates purposes. No depreciation has been provided on the glebe house as the current estimated residual value is not less than the carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight- line basis over a period of 5 years, unless deemed immaterial and as such charged direct to the receipts and payments account. ii) Investments Fixed asset investments comprising investment properties, investments in equities (ordinary shares} and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. 10
st Jude's Parish Church, Muckamore Notes to the financial statements for the year ended 31 December 20221continued) 2. Reconciliation of Cash Funds Total Cash Funds Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year in surplus. at 45,405 79,958 52,208 73,155 3. Movement in Funds At31 Dec 2022 At1Jan 2022 Incoming Resources Outgoing Resources Revalued Restricted funds Buildings Fund Rectory Loan 29,216 13,793 {8,951) 34,058 29,216 13,793 (8,951) 34,058 Unrestricted funds General Fund Glebe House 17,189 260,000 66,165 {43,257) 40,097 275,000 15,000 277,189 66,165 (43,257) 15,000 315,097 Total funds 306,405 79,958 (52,208) 15,000 349,155 Pur oses of Restricted Funds Building Fund-. This is a fund to assist with the maintenance and repair of the church buildings. The glebe house revaluation is a fair value estimation by the Trustees. No formal valuation was undertaken.
st Jude's Parish Church, Muckamore Notes to the financial statements for the year ended 31 December 2022 (continued) 4. Transactions with the Trustees No trustee received any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. 5. Governance Costs Governance costs of £1,080.00 were incurred during the year all of which relates to fees paid to the independent examiner. 12