StJude's Parish Church Muckamore Tru5tees' Annual report and Staternent of Receipts and Payments and Assets and Liabilities For the Year Ended 31 December 2023 Charitles Number: 101741 St Jude's Parfsh Church Mu¢kamore Annual report and fJnan¢lal statements for th& Year Ended 31 Decèmber 2023 Contents Pages Reference and administrative Detai15 Trustees, report Independent Examlners report lo the trustees Receipts and Payments Account Statement of assets and Liabilities Notss to the financial statements 10-12 St Jude's Parlsh Church, Muckamora Reference and administratlvg details Charity Name.. St Jude's Parish Church, Muckamore Charity Registration Number.. 101741 Contact Address.. 43 Oldstone Road Muckamore Anlrim Co.Antrim BT414SE Trustees Andrew McFaul Andrew Stewart Carl Blackwell Gordan Johnston Ellen McKelvey lan Johnston June McGrillen Keith Mccullagh Lily Ross Mark Chalkley Margaret Johnston Richard Hunter Manny Mccorry John Clarke James Moore Principal Offi¢e-beareTS Honorary Secretary.. June McGTillen Clergy.. Vacant on retirement ol Rev John Mcclure Church Treasurer. Richard Hunter Church Warden- Clergy.. Gordan Johnston Church Warden- People.. lan Johnston Independent Examlnor Mccleary and Company Ltd Chartered Accountants Garvey Studios 14 Longstane Street Lisburn BT28 1TP Bankers Ulster Bank 8 Market Square Antrim BT414AT St Jude's Parlsh ChU￿h, Muckamore Trustees. Annual Réport lorthe Year Ended 31 December 2023 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 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St Jude's Partsh 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 ancl 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 Chrislianily. As a result of activity in the pursuit of the advancement of the Christian religion, Sl Jude's Parish Church Muckamore has custody of certain propety, records, materials and artefacts which are of significance lo the cultural and religious heritage of the whole community, the malntenance 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 durlng 2023 following the easing of 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. Flnanclal Review The income for the church from various SOLtrces was £90,000 with outgoings of £99.506. giving an excess of expenditure ovèr income of £9,506.12022 Surplus £27,750), the bank and cash balances al 31 Decernber 2023 were in surplus to the value of £64,649.12022, surplus £74,155). It is the trustee's policy to holcl enough reserves to cover unexpected emergencies and to have adequate reserves for church propety maintenance and to further the objectives and activities of the parish. Going Concern The trustees have reviewed the bud9et 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 2023 can be signed off as a going concern. St Jude's Parish Church, Muekamo Trustees, Annual Report for the Year Ended 31st December 2023 (continued) Structure, Governance and Management Governing Document and Constitution of thg Charity st Jude's Parish Church Muckamore is governed and managed in accordance wllh the constitution ofthe Church of Ireland. The select vestry members are the charity trustees. RecruitmentandAppointment 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 vesty of the parish, allowing them to attend and vole at meetings of the general vestry and to stand for election lo the seleet vestry. Meetings of the genei81 vestry are held at least once a year. The Select Vestry is elected as part Of this General Vesty 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 lirnit on the number of tèrms which may be served. Organlsational Structure The select vesty is responsible for the day-to-day management ot the parish. The select veslry consists of the member of the clergy serving in the parish. any curate assistant I'the curate'l, the churchwardens. the glebe wardens and generally not more than twelve other members of the general vestry elected al the General Vestry. The select vestry is chaired by Ihe incumbent or other member of the clergy officiating in the parish. Select vestry member5 are responsible for making decisions on matters of general concern and importance lo the parish including deciding how parish fvnds 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 tjme by the chairperson or the churchwardens. In 2023 Ihe Select Vestry met 10 limes during the year. Compliance with Public Benèfit 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 receipis 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 paymènts and a statement of assets and15abilities for each financial year. St Juda's Parlsh Church, Muckamore Trusteès, Annual Reportfor the Year Endad 31st Decemb8r 2023 {contlnued) Statement of Trustees, Responsibilities (contlnued) The trustees are responsible for keeping accounting records that are sufficient lo show and explain the Parish's transactions and disclose with reasonable accuracy at any lime the assets and liabilities of the Parish. They are also responsible for safeguarding the assels of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Slgned on Behalf of the Trustee Rl¢hard Hunter Ellen PJl¢Kelvey Date 14 March 2024 St Jude's Parlsh Church Muckamore Independent Examlners Report to the Trustees of St Jude's Parish Church. Muckarnore We report on the accounts for the Year Ended 31 December 2023 set out on pages eight to ￿e1Ve. Respective responslbllltles of Irustees and examlner The charity's trustees are responsible for the preparation of the accounts in accordance with ihe 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 65191(bl of the Charilies Act)., and to state whether any particular matters have come to our attention. Basls 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 a￿ordan￿ with the general directions given by the Charities Commission for Northern Irèland under section 6519)Ib) 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 disclosure in the accounts and seeking explanations from you as charity trustees concerning any such matters. Our role is to slate whether any material matters have come to our attention giving us 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 th8 accounts lo be reached. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters {1) to (41 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 yOLrr attention. Mccleary & Comp y Chartered Accountants GaNey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP Date: 14 March 2024 St Jude's Parlsh Church, Muckamorè Recelpts and Payments Account forthe Year Ended 31 December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total 2023 Total 2022 Note Recai Donations & plate colle¢tion Gift Aid Proceeds from Fund Raising Events Donations Other Receipts 54,644 12,162 2,129 66,806 2,129 500 4,125 16,440 S3.824 9,932 500 3,702 10,773 423 5,667 2,370 3,832 Total Rocel ts 69,619 20,381 90.000 79,9S8 ments Wages and Salaries Diocesan CostslAssessment Church Running Costs Computer Costs Rectory Repairs Administration Costs Fundraisingldonations Costs Insurance Sundry Expenses Bank Charges Projector and Picnic benches Accountancy 33,936 15.927 14,026 714 33.936 15,927 14,026 714 20,9g9 118 8,203 2,886 1,254 333 6,199 11,976 19,326 701 20,999 118 7,780 2,886 1,254 333 1.140 4,902 2,646 955 325 2,958 1,080 423 1,110 1,110 Total Pa ments 78.084 21,422 99,506 52,208 Excéss of Payments over Re¢elpts for the year before transfers {8,465) (1,041) (9.5061 27,750 Transfers Excess of Payments over receipts for the year 18,465) 11,041) {9,5061 27,750 On Behalf of the Trustees Richard Hunter Ellen McKefvey Date: 14 March 2024 St Jude's Parish Chureh, Muckamore ststement of Assets and Liabilities as at 31 December 2023 Unrestricted Funds 2023 Restrlcted Funds 2023 Total 2023 Total 2022 Glèbe House 275,000 275,000 275.000 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 31,632 33,017 64,649 74.155 31.632 33,017 64.649 74,155 Llabilitles Loans Total Liabilities Total Assetl (liabilities) 306,632 33.017 339,649 349,155 On Behalf of the Trustee Richard Hunter Ellen M¢Kelvey / Date: 14 Ma￿h 2024 St Jude's Parish Church Mu¢kamore Notes to the financial statements for the Year Ended 31 December 2023 1. Accounting policles Set out below are the principal accaunling policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities (al Receipts and Payments Account All items of income and expenditure Included wilhln the Receipts and Payments Account have been accounted for on a cash receipts basls. {bl Statement of Assets and Liabilities (i) Assets retalned for the Parish'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 IFRS102) These Heritage assets are not included in the statement of assets and liabilities as informalian on the cost or valuation is not available and such information cannot be obtained at a cost cornmensurate with the benefit lo the users of the accounts and to the parish. The Parish Centre Is not included in the statement of assets and liabilitles as it was built at a lime 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 eslirnated residual value is nol 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 ¢arrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recogni5ed at cost and are depreciated on a straight- line basis over a pertod of 5 years, unless deemed imrnalerial and as such charged direct to the receipts and payments account. ill Investments Fixed asset investments comprising investment properties, investments In equities {ordinary share51 and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated al fair value at each year end date. Investments In unquoted Investments are recorded at cost and are assessed annually for impairment. io St Jude's Parlsh Church, Muckarnore Notes to the flnanclal statements for the Year Ended 31 December 2023 Icontinuedl 2. Reconciliation of Cash Funds Totsl Cash Funds BIFwd Receipts for the Year Payments for the Year Total Cash Funds at end of the year in surplus. 74,155 90,000 199,506) 64,649 3. Movement in Funds At31 Dec 2023 At1Jan 2023 Incoming Resourc8S Outgolng Resourc08 Revalued Restricted funds Buildings Fund 34,058 20,381 121.4221 33,017 34,058 20.381 121,4221 33,017 Unrestricted funds General Fund Glebe House 40,097 275,000 69,619 (78.084) 31,632 275,000 315,097 69,619 78,0841 306,632 Total funds 349,155 90,000 {99,5061 339,649 oses of Reslricled Funds Building Fund-. This is a fund to assist with the maintenance and repair of church buildings. The glebe house revaluation Is a fair value estimation by thé Iruslees. No formal valuation was undertaken. 11 St Jude's Parlsh Church, Muckamore Notes to the flnanclal statements for the Year Ended 31 December 2023 (contlnued) 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 Governan￿ costs of £1,110.00 were incurred during the year. all of which relates to fees paid to the independent examiner. 12