Magherahamlet Financial Statement for the Year ending 31[st] December 2024 ## **Magherahamlet Financial Statement for the Year ending 31[st] December 2024** ## **Magherahamlet Church ad Hall Income for 2023 NIC 102122** |**DONATIONS & PLATE COLLECTIONS**||| |---|---|---| |FREE WILL OFFERING|16042.5|| |LOOSE COLLECTION|886.92|| |HARVEST COLLECTIONS|2070|| |DONATIONS|957.47|| |||19956.89| |**CHARITY COLLECTIONS**||| |CHARITY DONATIONS|2108.6|| |||2108.6| |**PROCEEDS FROM FUND RAISING EVENTS**||| |BADMINTON CAKE SALE|1593|| |CHRISTMAS FAIR||| |SUNDAY SCHOOL FUNDRAISING||| |||1593| |**BANK & DEPOSIT INTEREST**||| |BANK INTEREST|17.35|| |||17.35| |**INVESTMENT INCOME**||| |INVESTMENT RB UNIT TRUSTS|7083.54|| |INVESTMENT CIT UNIT TRUSTS|412.41|| |RCB SCHEME INCOME|3.9|| |LAND LETTING|650|| |||8149.85| |**NIE WAYLEAVE & GRAVEYARD FEES**||| |NIE WAYLEAVE|34.87|| |BURIAL FEE & GRAVEYARD FEES||| |(HEADSTONE)|765|| |||799.87| |**OTHER RECEIPTS**||| |GIFT AID TAX RECOVERY|6164.98|| |COOKSTOWN TEXTILES|168|| |||6332.98| |**HALL INCOME**||| |DONATIONS|880|| |||880| |TOTAL RECEIPTS||39838.54| ## **WAGES & SALARIES** 1 Registered with the Charity Commission for Northern Ireland NIC 102122 Magherahamlet Financial Statement for the Year ending 31[st] December 2024 |RECTORS'S STIPEND|15732|| |---|---|---| |CLERGY SUPPLY|950|| |ORGANIST|2640|| |RELIEF ORGANIST|100|| |NATIONAL INSURANCE CONTRIBUTIONS|1356.62|| |||20778.62| |**DIOCESAN COSTS/ASSESSMENT**||| |CLERGY PENSION|3379.92|| |GENERAL FUND|3286.1|| |||6666.02| |**CHURCH RUNNING COSTS**||| |ELECTRICITY|1813.93|| |GENERAL SUPPLIES (PETROL/CHRISTMAS||| |TREE)|263.61|| |INSURANCE CHURCH AND HALL|1916.41|| |LEGAL EXPENSES INSURANCE||| |SUNDAY SCHOOL EXPENSES||| |GIFTS|303.33|| |CHURCH REPAIRS||| |WATER CHARGES|149.97|| |||4447.25| |**GLEBE COSTS**||| |RATES|389.76|| |RECTORY REPAIRS AND MAINTENANCE|110.24|| |PHONE CHARGES|281.15|| |||781.15| |**ADMINISTRATION COSTS**||| |FWO ENVELOPES 2025|245.98|| |COPYRIGHT LICENCE||| |BANK FEES|111.44|| |POSTAGE STAMPS ETC|122.75|| |PRINTING/PHOTOCOPYING|1029.24|| |||1509.41| |**CHARITY PAYMENTS (COLLECTIONS)**||| |LEPROSY MISSION|148.1|| |CHRISTIAN AID|139|| |BISHOPS APPEAL BIKES FOR MARIDI|551|| |POPPY APPEAL FUND|139|| |STAR NI||| |DEANS SIT OUT||| |CMSI|313|| |MISSION TO SEAFARERS||| |MAKE A MOTHER'S DAY APPEAL|106|| |CANCER FUND FOR CHILDREN (DAISY LODGE AND NARINA||| |NEWCASTLE)||| 2 Registered with the Charity Commission for Northern Ireland NIC 102122 Magherahamlet Financial Statement for the Year ending 31[st] December 2024 |AIR AMBULANCE|143|| |---|---|---| |BISHOP'S APPEAL GAZA||| |CHURCH MINISTRY AMONG JEWISH PEOPLE||| |RNLI||| |ROYAL BLACK PERCEPTORY|195|| |CHARITY PAYMENTS (Christmas)||| |church army||| |bible societ ni||| |SUNFLOWER FELLOWSHIP (ROMANIA)||| |NI CHILDREN'S HOSPICE||| |C OF I BOARD FRO SOCIAL RESPONSIBILITY||| |||1734.1| |HALL COSTS||| |BANK FEES|36.8|| |ELECTRICITY|634.18|| |HALL MAINTENANCE|1700|| |HEATING OIL|288.96|| |GENERAL|161.76|| |BOILER|75|| |FIRE ALARM AND EMERGENCY LIGHTING||| |MAINTENANCE|246|| |||3142.7| |TOTAL PAYMENTS||39059.25| 3 Registered with the Charity Commission for Northern Ireland NIC 102122 Magherahamlet Financial Statement for the Year ending 31[st] December 2024 Magherahamlet Parish Church and Hall Receipts for 2024 ||Unrestricte||Endowme|| |---|---|---|---|---| ||d Funds|Restricted|nt Funds|Total| ||2024|Funds 2024|2024|Funds| |Receipts|£|£|£|£| |Donations, plate and charity||||| |collections|19956.89|2108.60||22065.49| |Proceeds from fund raising||||| |events|1593.00|||1593.00| |Bank & Deposit Interest|17.35|||17.35| |Investment income|8149.85|||8149.85| |NIE Wayleave & Graveyard||||| |Fees|799.87|||799.87| |Other Receipts|6332.98|||6332.98| |Hall Income (Donations||880.00||880.00| |Total Receipts|36849.94|2988.60|0.00|39838.54| Magherahamlet Parish Church and Hall Payments for 2024 ||Unrestricte||Endowme|| |---|---|---|---|---| ||d Funds|Restricted|nt Funds|Total| ||2024|Funds 2024|2024|Funds| |Payments|£|£|£|£| |Wages & Salaries|20778.62|||20778.62| |Diocesan costs/assessment|6666.02|||6666.02| |Church running costs|4447.25|||4447.25| |Glebe Costs|781.15|||781.15| |Administration costs|1509.41|||1509.41| |Fundraising and other costs||||0| |Charity payments||1734.10||1734.10| |Parish Hall Costs||3142.70||3142.70| |Total Payments|34182.45|4876.80|0.00|39059.25| 4 Registered with the Charity Commission for Northern Ireland NIC 102122 Magherahamlet Financial Statement for the Year ending 31[st] December 2024 Magherahamlet Parish Church and Hall Reconciliation of accounts at the 31/12/2024 |Cash Book|| |---|---| |Opening Balance|36692.4| |Add income|39838.54| |=|76530.94| |Less expenditure|39059.25| |=|**37471.69**| |Bank Balance|| |Church bank balance|| |31/12/24|20774.51| |hall bank balance|| |31/12/2024|14747.22| |closing balance 31/12/2024|35521.73| |Add late lodgements|2804.5| |=|38326.23| |Less outstanding cheques|854.54| |=|**37471.69**| STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 24 ||Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---| ||Funds|Funds|Funds|Funds| ||2024 £|2024 £|2024 £|2024 £| |**Cash Funds**||||| |Current Accounts|20774.51|14747.22||35521.73| |**Total Cash Funds**|**20774.51**|**14747.22**|**0**|**35521.73**| |**Investment Assets**||||| |Investment in RCB Unit||||| |Trusts||304369.89||304369.89| |**Total investment Assets**|0|304369.89|0|304369.89| |**Assets retained for Parish's**||||| |**own use**||||| |Parish Hall||315000||315000| |Fixtures and Fittings||12000||12000| |Glebe lands||70000||70000| |Total Assets retained for||||| |Parish's own use|0|397000|0|397000| 5 Registered with the Charity Commission for Northern Ireland NIC 102122 Magherahamlet Financial Statement for the Year ending 31[st] December 2024 6 Registered with the Charity Commission for Northern Ireland NIC 102122 Magherahamlet Financial Statement for the Year ending 31[st] December 2024 7 Registered with the Charity Commission for Northern Ireland NIC 102122