Maghera Parish Church Trustees. Annual Report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31st December 2024 Charities Number 103765 Maghera Parlsh Church References and Administration detsils Charity Name: Maghera Parish Church Chgrity Registration Number: 103765 Contact Add￿$S 50 Main Street Dundrum Co Down BT33 OLY Trustees Mr P Smyth Mr J Truesdale Mr A Bingham BEM Prlnclpal Officer-bearers Rector's Churchwarden Mr P Smyth Ppoples's Churchwarden Mr J Truesdale Independent Auditor Robert Clarke 86 Old Belfast Road Sainffield Co Down BT24 7DF Bankers First Trust Bank 4244 Hill Street Newry Co Down BT34 1AU Trustees'Annual Report for the year ended 31st December 2024 The trustees present the annual report and statements of receipts and payments and as$ets and liabilities for the year ended 31st December 2024 Objectives and Activities The purpose of Maghera Parish Church is to share the message of the Gospel as it is found in the scriptures.Church services are open to all who wish to attend and are open to the leading of God. Pprformanco & Publlc B•nefit Each week we meet to praise and worship our God together and pray with one another. In this way we support and encourage each other to grow in our own personal faith and become more like Christ and share Communion together. The church has given careful consideration to the Charity Commision for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the church's objectivesas well as providing public benefit. Flnanclal Revlew Provide an overview of the financial position at the reporting date Explain the Trustee's policies If there any material deficits at the end of the year take steps to remedy same Going Con¢orn The trustees have reviewed the budgets for the year ahead and are satisified that there are adequate funds in place to ensure that the church can continue its activities and the financial statements for the year ended 2024 can be signed off as a going concern The trustees are responsible for keeping accounting records that are sufficient to show an¢ explain the church's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the church.They are also responsible for safeguarding the assets of the church and hen￿ take reasonable steps for the prevention of fraud and other irregularities Signed on behalf of the Trustees 2310412025 Independent Examiners Report to the Trustees of Maghera Parish Church I report on the accounts of Maghera Parish Church for the year ended 31st December 2024 which are set out on pages 5,6,7. Respective responsibilities of charlty trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act { Northem Ireland ) 2008. It is my resonsibilty to: examine the accounts under section 65 of the Charities Act Follow the procedures laid down by the general directions given by the Commission under section 65(9) (b) of the Charities Act and state whether particular matters have come to my attention. Basis of independent examinerf8 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}Ib) of the Charities Act. My examination included a review of the accounting ￿COrdS kept by the charty and a comparison of the accounts presented with those records. It also included consideration of unusual items or disclosures in the accounts and seeking explanations from you as any charity trustees Con￿rning any such matters. My role is to state whether any material matters have come to my attention giving me ause to believe: 1.That accounting records were not kept in accordance with section 63 of the Charities Act 2.That the accounts do not fflatch 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. Independent examinerfs statement I have completed my examination and my concern in respect of the matters {1) to (4) listed above and , in connecb'on with following the direcbons of the Charity Commision for Northem Ireland, I have found no matters that require drawing to your attention. Mr Robert W Clarke 86 Old Belfast Road Saintfield Co Down BT24 7DF 2310412025 Maghera Parish Church Receipts and Payments Account Ac¢ounts for the year ended 31 December 2024 2024 2023 Incom8 Offerrings Investment Income Bequest Income,rcb Interest Letting of Rectory Other receipts 10462 4311 150 45 14400 4029 9770 4095 801 119 4042 Total Incomo 33397 18827 Expondlture Bank Insurances Clergy salary,cover Clergy Pension Fund Dioceses of Down Sexton Rectory Expenses Up Keep Grounds Etc Repointing church Heat & light SuDdries 212 676 4616 835 2247 2030 20017 1973 7224 864 789 41483 165 630 12488 3580 2206 2350 3468 4124 742 21505 Not Dofeclt -8086 -2678 Signed on behalf of the Trustees Trustee Trustee 2310412025 Maghera Parish Church Balance Sheet as at 31 December 2024 2024 2023 Fixed Assets Reotory Land 92000 210000 302000 92000 210000 302000 Current Assets Bank Accounts 37384 37384 45470 45470 Investments M & G Charifund 70528 70528 68736 68736 Total Net As80ts 409912 416206 Represented by Re8erve8 Opening Balance Change in Investments Add Net Defecit Retained reserves 416206 1792 -8086 409912 420538 -1654 -2678 416206 Maghpra Parlsh Church Notes to the financial statements for the year ended 31st December 2024 Note Recelpts Church Of Ireland NIES Land income Dopatjon 673 165 2791 400 4029 Sundry Paymants Water rates Adverts etc Telephone 254 167 368 789 No¢es to the financial statements for the year ended 31st December 2024 l. Accounting policies Set out below are the principal accounting policies which have been adopted in the compiliation of the Re￿Ipts and Payment Account and the Statement of Assets and Liabilities a.Beceipts and Payments Account All Items of income and expenditure included within the Receipts and Payments Ac¢ount have been accounted for on a cash receipts basis. b. Statement of Assets and Llabilitios Assets retained for the church own use The assets of the church retained for its own use comprise.'_ 1 Church and Hall 2 .' Rectory 3 '. Land The valuation of the above where applicable have been determined by the Trustees of the Church reflect the historical value of same.