ST JOHN'S PARISH CHURCH, MIDDLETOWN CHURCH OF IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDF.D 31 DECEMBER 2024 MCDONALD O'IYEILL & CO Chartered Accountants 5 Union Buildings Ilnion Pl2ee Union Place Dungannon BT70 IDL
ST JOHN'S PARISH CHURCH, MIDDLETOWN CHURCH OF IRELAND TABLE OF CONTENT PAGES Statement of the Committee of St .John's Parish C,hurchgs Responsibilities Indcpcndent Examinerys Report Stalement of Financial Activities Balance Sheet fites to the Finxncial Statements McDonald O'Neill & Co. Chartered Aceountanls
St John's Parish Church, Middletown - Church of Ireland Financial Staten)ents for the year cnded 31 Deeember 2024 STATEMENT OF THE COMMITTEE OF ST JOHN'S PARISH CHURCH'S RF.SPONSIBILITIES Developments in charity legislation recommend the Committee io prepare linanLial 8tatement$ each fin¢¢101 v¢ar wh1ch Sive a twe and fair vicw of thc statc ot. affairs of thc Pillish Df th¢ r¢%uli% of thc parish for that period. In preparing those tinancial 5tat¢ments the Committee is required to: select suitable accounting policies and then appl! them consisienil}; make judgiements and estimates thai are reasonable and prudeni; tate whether applicable accounting standaTds have been follumied, subject to an), material departures disclosed and explained in the financial statements; prepare the financial statcments on the going conceni basis wiless it is inappropriate to presume that the charity will Lontinue in busine5S. The Committee is responsible for ensuring that proper accounting records are kept which disclose with reasonable accurac>' at any time the financial position of Ihe parish and enable him to ensure Ihal the lin<cIal siatements comply w'ith the be8t practice. The Committee is also r¢sponsibl¢ for safeguarding the assct5 Ot" thc parish and h¢nc¢ tor taking reasundble steps tor the prevention and detection of fraud and other irregularities. MeDnnald O'Neill & C.D. Chart¢red Accountant5
St John>8 Pnrijh Churcji, Middleto)vn - Church ol Ir¢14nd riinancial Statcments for the ycar ended 31 December 21)24 INI)EI I>YIYDFNT EXAfINEI1*s IIEPOIIT TQ ST JOHNIS PARISH CHURC MIDDLE'fowN- CHURaI OF lliELAM) lIE1RT TO THF ComTr OF ST JOHN'S PARISII CHUIICII MIDDLILTOWN ON ACCOUNTS FOII THE YFAR CINDIGD 311)ECIIMBEII 2024 SF'r otrr ON I>A(yFS 4 'L'O J Respcctivc rcsponslbilities ol. Commitlcc ond FAAmlner 'I'hc C'ominillco is rPOnsIblc for ihc pr¢parotion of iho accuunts. Thc Lommittcc considcrs tli¢lt an audit Is nol rCqUir fur this y¢ar and that an indepLmdgiit CX8minalion ig noodcd. It is my responsibility to: . ¢xaininc the aG¢ounls, to follow lh¢ procedures laid down in ihc gener&1 Direction5 givon by Ibc Charity Commission. and to slalc whether particular malirrs have comc to my &llontLOn. Ilasis of llndopelldoDt Lfxamlncr's Ilcport I have exumincd your charily accoiints as rcquircd undcr s¢¢iion 65 of lh¢ Cbariti Aci and oiir cx¥min&lion was Carricd oui in accordancc with Ihc g¢n¢rdl D£reciion¥ givcn by thc ChariLy CommiBBiOrt for Norih¢trt Irolld undcr ¥tion 65(9Xb) of the Churitics Act, My exdinination includcd d rcviBw of thc aiLounting rrxords kopl by Ihc ¢'lwTity und a oomp4rii0fi of Ilyj aCL'oulliK prescnied wilh thLW rcwrdb., Il also inGludGd considcittlion or any unusual ilcllls or dib¢lollir¢5 in thc ac¢ounls and seeking cxplunalions from yoii tss chyyily INslcE¥ concornin8 any y511¥h inaLt¢r8. My mle 1$ to silllc whcthor iny iNlcIial inatters havc Goin¢ to my uitsniion Blving ML. LIIUSC t¢ b¢liGve: . i. Ihat accountins r¢cord8 wcrp not kept in accord8ncc witb section 63 of Ihe Chariiies 2. thai the accounts do not accord wilh ihosc accouniln8 rccords 3. Ihat the accounls do not comply wilh tho acwuniin8 ffquirwcllts of thc Charitlcs 4. th#t Lhorc 18 thrthor inforn]ation nceded for * proper undcrsiandinE of the Counts Lo bo rcaLhd, Jndcpcndcnt li•X8minor'5 Stitcmont T havc compl¢i¢d iny exErninulion and h8vc no conL'crns in rospeLi of Ihe m&lLcrs ( l) lo (4) likicd Rlx)vc and. in conncction wilh following lh¢ Dircclion5 of th¢ Cliarily CLirnmi8sion for Northcrn IrclaJ)d, I havc fliund no nialtBrs ihai Trquire dr#wins to your Attcn(s0n. Stcphe McDonllld MrJ)onald OYNeill & Co. ChRrtcr¢d Accountants S Union ljuildfings. Union Pl&¢e Uttion l)lace DungAnno BT70 IDL l)atc.. 1¢DonAIth O'NEili a co. ChArtcr¢d A¢¢ounlnnts
St John's Parish Churcb, MiddletoiTrn - Church of Ireland Financial Statements for the )'e2r ended 31 Deeemher 2024 STATEMENT OF FINANCIAL ACTIVITIES Re5tricled Unre8triLled Tutal 2024 Funds Incoming Resources Donation offcrings and loose collectinn and gift8 RCB Parish Fund In¢oin¢ from land I nterest NIE Netw.orks Actioii Reiiewables 12,778 20 7.161 18 50 3,794 1?.778 20 7.161 18 51J TOTAL INCOMING RKSOURCES 23,821 23,821 Direct Expenditure EleLlricitN' Insuraiice Diocese of Annagh Bank fe¢s Accoiiiitancs, Rectory, expenses Env¢lopcs R¢pairb Waler CMS Ireland Gift 2.853 1,006 2.853 1.006 8.021 62 400 2.646 142 2,492 319 182 62 400 2.646 142 2,492 319 18• TOTAL EXPENDITURE 18,235 Net incomingloutgoing resources Net movemeDI in funds Balances brought fonvard al 31 December 2023 114,910 114,910 Rglllnees eArried forwgrd at 31 December 2024 0.496 121),4(}6 McDnnald O'Neill & Co. C.h9rtered Ae¢ounlants
St John1$ Parish Church. Middletown - Church of Irelaud Financial Slalements for the year ended 31 Deoember 2024 BALANCE SHEET A'f 31 DECEMBER 2024 Note Restrieted Funds Unrestricted Fund,9 Total 2024 Fixed Assets Tangible Assets 406.374 406,174 Current Assets Cash ai bank 24,871 24,871 Current Liabilities Crediiors and acciuals 400 400 Net Current Assets ?4.471 Net Assets 430,845 4.30,845 R¢pr¢3ented by: UnrcstrictLd t'iind Rcstricied funds 1 ?0,496 311).349 120,496 310.349 Total Reserves 430.845 430.845 In dccordance Thith the engagement letter dated 6 November 2014 and c)n bchalf ol" the Committce, I approve the financial information which coinprises thc Statement of Financial ALiivitieg. l acknowledsye m). responsibility for the financial informaiii)n. incliidinLI the appropri<lteness of ihc accounting basis <iS set out in note I, and lor proiiidingT McDonald O:Neill & Co. w'ith all information and explanations necessari, tor its compilation. SIGNED....... Diane Irwin (Treasurer) Date McDtsnald O'Ncill & eiD. Chartered Actounlants
St John's Parish Church, Middletown - Church of Ireland Notes to the Financial Statements for the year eDd¢d 31 December 2024 I. PRINCIPALACCOUNTING POLICIES The accoL)nts are prepared lder Ihe histOriLal Logi bagis of <wLounting and in accordance 1th applicable accountinbi Standards. Tangiblc Fix¢d Assets ixcd Assets are slated at their cosi. Capital Grants Grants in respect of capilal expenditure are credited to det"errcd income account and capital grant rcservcs. Fund Accounting The parish has various lypes of funds for hICh it 1% reqpnnqible; and which require separate disclosure. These are as follom's:. Endowmcnt funds Funds given to ihe parish whvrc the income ma). be used t'or specitic or g¢ii¢ral purposes but the capiial musi be retained. ¥¢ncrally indetinitely. Restricted Funds Funds which are earmarked by the donor for specific purposes, but still within the objects f the parish. Resiricied funds may be restricted incom¢ tunds, cxpendable <lt the discretion f the Committee in furtherance ot. some particular aspeet(s) of the objects ot'thc paTI.%h. Or they may be capital funds, where the assets are required io be inN'ested. or r¢(ained for actual use, rather than expended, Designated Funds Fund8 which have. for adniinistrative purpose%. been eamiarked by the paYi.8h fi)r Pclrticular purposes. Tlie patish masl ai lis discretion set asTde t-unds for speci fic purposes which M'ould uili¢rwisc form parl of unrestricted lunds of the parish. Unr¢stricted Funds FuLidb hICh are expendable at the discretion of the Committee in furtherance of the object% of the parish. MoDonald O?Ncill & Co. Chartered Accountants
St John's Parish Church. Middletown - Church of Ireland Notes to the Financial Statements for the year ended 31 December 2024 2. FIXED ASSETS Church Expenditure F.quipment Exp¢nditur¢ on new hall H211 Fquipment & Fitting Total Co$tlValuation At l January 2024 Additioi) 347,874 2.779 16.699 402,370 4.004 4,004 At 31 December 2024 35.018 347,874 2,779 20,70J 40(i,374 3. SCHEDULE OF CREDITORS AND ACCRUALS Administration Costs 4no Total 400 4. FUNDS Restricted Unrestricted Funds Funds Total 2024 Fund Balances at 31 December 2024 are representcd by: Tangible Fixed Assets Current Assets Current l.iabilities 406,374 406,374 ?4,871 24.%71 (400) (400) Total Net Assets 430,845 4311,845 MeDonald O'Neill & Co. Chartered AcLuuntants