MAGHERA PARISH CHURH Trustees. Annual Report and Statemont of Receipts and Payments and Assets and Liabilities For the year ended 31st DBcember 2021 Charltles Number: 103765 Maghord Parish Church Annual report and finan¢l•l statemgnts for the year ended 31st December 2021 Contents Pages References and administrative details of the church Trustees, report Independent Examiners Report to Ihe Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements Maghera Parish Church References and Admlni5tratlon details Chafity Name.. Maghera Parish Church Chanty Registration Number. 103765 Contsct Addrgss 50 Main Street Dundwm Co Down BT33 OLY Trustees Rev C Carson Mr J Twsedale MrA Bingham MrPSmy Mrs J Bingham Princlp¥l Officer-bearnrs Rectors's Churchwarden Mr P Smyth Reclors's Glebewarden Mr K Mc Gaw People's Churchwarden Mr J Truesdale People's Glebewarden Prof. B Walker Independgnt Auditor Robert Clarke 86 Old Belfast Road Saintfield Co Down BT24 7DF Banker8 First Trust Bank PLC 28-32 Main Street Newca5tie Co Down BT33 OAD Trustègs'Annual Report for the year ended 31st December 2021 The trustees present the annual report and statements of receipts and payments and assets and lia￿l￿S for the year ended 31st D￿rnber 2021 Obigctfves and Activitios The pUr￿￿e of Maghera Parish Church is to share the message of the Gospel as it is found in the scriptures. Perfom)ance & Public Bènefft Each week we m*t to praise and worship our Gc#Y together and pray wtth one another. In this way we support and encourage each other to griyw in our own personal failh and become more like Christ and share Communion together. The church has gwen careful consKlerats"on to the Charity Commision for Northern Ireland's guidance on public benefit to ensure that the activib'es entered into during the year have helped to achieve the churth's objectives and activibes as well as providing publrc benefft. Financial Revlew Provrde an overview of the financial posttion at the reporb.ng date Explain the Trustee's polrcies If there any material deficits at the end of the year take steps to remedy same Going Concern The trustees have reviewed the budgets for the year ahead and are satistfied that there are adequate funds in place to ensure that the thurch can continue its activities and the financial statements for the year ended 2021 can be signed off as a going concem The trustees are resF)onsible for keeping accounting records that are sufficient to show and explain the church's tranSaCt￿n$ and di3Glose wtih reasonable a￿￿racY at any time the assets and l￿bill￿"eS of the church.They are also resp)nsible for safeguarding the assets of the church and hence take reasonab￿ steps for the prevention offraud and other irregulantes Signed on behalf of the Trustees Trustees'Annual Report lor the y•ar ended 318t December 2021 ( continuod I struclurg Govgmance and Managoment Governing Document and Constitirtlon of the Chafity The Charity Trustees are responsible for thi5. Recfuitsnent and Appolntmenl of Vesty Member8 The church vesty members a￿ appointed at a meeting ofthe Church at the Easter Vesty Pay and remunerntion The payment of salary and remuneralhjn is detemiined by the Chur¢h Of Ireland office Organisalional Stru¢tuve It 1$ the thurch members who are resFonsibl6 for the day to day management of the Church. They meet to discuss matter5 of church business arising. Statement of Tn￿Bes. Responslbilitie8 The trustees are responsible for preparing the Twslees, report and statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and ￿gulab.0nS The law applicable to chanb.es in Northern 1￿laTrd with income of less than £250000 requires the trustees lo prepare a statement of receipts and payments and a statement of assets and liabilities for e&h financial year Independent Examiners Report to the Tnjstees of Maghera Parish Church I report on the aLxtyJnts of Maghera Parish Church lor the year ended 31st Decemter 2021 which are set ¢￿t on pages 5,6,7. Respethe r￿pOnsIbl1111es of charity Irusteos and examiner As the charivs trustees you are restmjnsible for the preparation of the accounts in accordance wrth the Charities A£t l Northem Ireland12008. It is my re￿nsIbIlty lo.. examine the acwunts under sectron 65 of the Chartbes Act Follow the prc￿edureS laky dcrwn by the general directh)n5 given by Ihe Commission under secthon 65(9) Ibl of the Charrties Act and state whether parttcular matters have come to my atten￿n. Basis ol indepondent examinerfs report I have examined your charity accounts as requir&J under section 65 of the Charilies Act and my examination was caffred out in accordance wtth the General Directions given by the Charrty Commission for Northem Ireland under Sec￿ 6519)Ibl ot the Charibes Act My examinatron incfuded a review of the a(tounting records kept by the charity and a comparison of the accounts presented with those records. 11 also included consideration of unusual items or disclosures in the accounts and seeking explanat￿nS from you as any charity trustees con￿mIng any such matters. My role is to state whether any material matters have come to my attention giving me cause lo believe.. 1.That accounting records were not kept in accordance wtion 63 of the Charities Act 2.Thal the accounts do not match those accountr.ng records 3.Thet thc¢ ac￿￿nts do not comply wim the accounts.ng requirements of the Charities Act 4.Thal there is futhr infonnation needed for a proper understanding of the accounts to be reached. Independent examlnerfs statement I have completed my examination and my con￿rn in resFecl of the matters {11 to14) listed above and , in connectton with following the directions of the Charity Commi$ion for Northem Ireland. I have found no matters that require drawing to your attention. Mr Robert W Clarke 86 Old Beifast Road Sainffietd Co D￿7 BT24 7DF 0710912022 Magh•rd PaTish Church Recelpts and Payments Account Accounts ft>r the year •nded 31 De¢omber 2021 2020 Income Offerrings Investment Income Gift Ard Bequest lncome.rcb Interest Other receipts 8271 3545 554 1524 93 3209 1826 1c6 158 4008 34C6 Totsl Incorne 17308 190 Expendlture Bank Insurances Clergy salary Clergy PenS￿n Fund Clergy Cover Organist Dioceses of Down Sexton Rectory Expenses Up Keep Grounds Etc Heat & I￿￿ Sundries 173 652 12488 1920 310 490 3189 2100 172 12488 3189 40 385 1885 480 1695 1662 957 25109 1189 1524 495 24530 Nel Deleclt -6109 Signed on behalf of the Trusiees Trustee Trustee 0710912022 Maghera Parfsh Church Balance Sheet as at 31 December 2021 20 2020 Fixed A8SOts Rectory Land 92000 210000 302000 210000 302000 Current Assets Bank Accounts 14567 23011 21789 21789 Investrnents M & G Charifund Legal and General 73372 39879 113251 65746 39879 105625 Total Not Assets 429818 429414 Represented by Roserves Opening Balan¢e Change in Investments Add Net Defecit Retained reserves 429414 7626 .7222 429818 449324 -13801 -6109 429414 Notes to the FFnanclal Statemeth for thè year onded 31st Decgmber 2021 Roceipts Gifts,Donab"ons Board Of Education Land Income Way leave 147 2242 17 Sundry Payments RCB Music Alexander Reid & Fr&er Royal British Legion Water rates FWO envelopes 85 100 213 Notes to thg financlal sLitemonts for tho year onded 31st December 2021 1. Accounting policles Set out bebw ate the pnncipal ac￿nkn.ng policEs have been adopted in the compiliation of the Re￿Ipts and PaymentAccount and the Statement of Assets and Liabilities a.Rectipts and Payments A¢￿Unt All items of income and expenditu￿ induded ￿thin the Receipts and Payments Account have been accounted for on a cash receipts basks. b. Ststement of Assets and Llabllltles Assets retsined for the church own use The assets of the church retained for Its own use comprise.'_ 1 Chureh and Hall 2 . Rectory 3 ..Land The valuation of the above where applicable have been detemiined by the Trustees of the Church refflect the historical value of same.