St Matthias, Church, Ballyeglish Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities For the year ended 31 December 2024 Charitles Number: 104354
st Matthias, Church, Ballyeglish Annual report and financlal statements for the year ended 31 December 2024 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements 10-14
St Matthias, Church, Ballyeglish References and administrative details Charity Name: St Matthias, Church, Ballyeglish Charity Registration Number.. 104354 Contact Address: The Rectory 24 Cookstown Road Moneymore Magherafelt Co Londonderry BT45 7QF Trustees Mr Edward Bates Mrs Clare Bates Mr Dennis Bell Mr Wilfred Berryman Mr William Chambers Mrs Wilma Clarke Mrs Linda Harkness Mrs Helen Jones Mr Mervyn Jones Mrs Amanda Knox Mr Peter Simpson Mr Wilbert Stewart Revd Dr Adrian Stringer Mr Graeme Wallace Mr Stephen Wallace Resigned 10.4.24 Principal Office-bearers Clergy.. Church Treasurer: Church Secretary.. Church Warden- Clergy.. Reverend Dr Adrian N Stringer Mrs Helen Jones Mr Peter Simpson Mr Dennis Bell Independent Auditor David Lyttle + Co Ltd 15 Meeting Street Magherafelt Co Londonderry BT45 6BN Principal Bankers Danske Bank Donegall Square West Belfast BT16JS
St Matthias, Church, Ballyeglish Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for the Church for the year ended 31 December 2024 Objectives and Activities The oharilable purpose of the Church of Ireland is the advancement of religion. The principal function of St Matthias, Church, Ballyeglish is to support the advancement of the Christian religion by promoting, through their work the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, St Matthias, Church, Ballyeglish has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of St Matthias, Church, Ballyeglish. Achievements, Performance & Publlc Benefit The Parish holds public worship at a variety of services each week throughout the church year Holy Communion, Morning Prayer, Baptisms, Marriages and Funerals. There are services focusing on Advent, Christmas, Lent, Easter, Harvest etc. At Christmas we held our first Candle lit Carol Service raising £1155 for Air Ambulance. Our Rector has been off on sick leave and our thoughts and prayers are with him and his family. We are grateful to the Diocese Office for arranging cover and to all those who have taken our services throughout 2024. Sunday School continues on Sunday mornings at 9.30AM and we are grateful to parents for bringing their children each week and to all our teachers for their dedication and support. At all times we keep in mind our Safe Guarding Trust policy, Health and Safety requirements and regulations. We are pleased that our carpark is now completed and are sure that it will prove to be a valuable asset to the Parish. We wish to express our thanks to all those who donated materials and their time to this project. The purpose of our charitable fund raising is not only for our own costs, but also for a variety of need (see donations list note 81. This is a tangible demonstration of our mission and outreach - a reach that covers both home and abroad. The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Financial Review The results for the year are set out on page 8, which the Trustees consider to be satisfactory. The reserves of the Parish are held for the advancement of its charitable purpose, other than restricted reserves which are held for a designated purpose- see note 9. Going Concern The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year ended 31 December 2024 can be signed off as a going concern.
st Matthias, Church, Ballyeglish Trustees, Annual Report for the year ended 31 December 2024 (continued) structure, Governance and Management Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recruitment and Appolntment 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 vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry 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 limit on the number of terms which may be served. Organisational Structure The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant I'the curate"), the churchwardens, the glebe wardens and generally not more than e1ve other members of the general vestry elected at the General Vestry. The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds 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 time by the chairperson or the churchwardens. In 2024 the Select Vestry met 5 times during the year and the average attendance was 870/0. Routine issues have also been discussed and dealt with in the Select Vestry WhatsApp Group Compliance with Publlc Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Statemgnt of Trustees, Responsibllities The trustees are responsible for preparing the Trustees, Report and the statement of receipts 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 require5 the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year.
st Matthias. Church, Ballyeglish Trustees, Annual Report for the year ended 31 December 2024 {continued) statement of Trustees. Responsibilities (continued) The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees Helen Jones Trustee Peter Trustee son 24 April 2025 24 Aprll 2025
st Matthias, Church, Ballyeglish Independent Examiners Report to the Trustees of St Matthias, Church, Ballyeglish I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 8 - 14. Respective responsibilities of charity trustees and examiner As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 6519)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's 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{9llb) of the Charities Act. My examination included a review ofthe accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any materia5 matters have come to my attention giving me 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 the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (1) to (4} listed above and, in connection with following the irections of the Charity Commission for Northern Ireland, I have found no matters that requ. re drawing to your ention. en Geagh BA Hons FC for and on behalf of Davld Lyttle + Co Chartered Accountants Statutory Auditors 24 April 2025 td 15 Meeting Street Magherafelt Co Londonderry BT45 6BN
St Matthias, Church, Ballyeglish Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Restricted Funds Funds 2024 2024 Note Total Total 2024 2023 Recei Sustentation Plate collection Special Collections Property Fund Gift Aid rebate Gift Aid Small Donations rebate Bank & Deposit interest Investment income Other receipts Total Recei t8 19,633.10 217.25 1,290.00 19,633.10 19,857.00 217.25 267.20 2,690.50 1,309.00 150.00 250.00 3,166.25 3,309.50 1,077.28 836.90 726.31 459.03 111.63 107.42 672.00 5,456.00 1,613.00 28,444.32 31,852.05 1,400.50 150.00 62.50 3,103.75 1,077.28 726.31 111.63 672.00 26,831.32 Pa ments Diocesan Assessment Church Running Costs Sunday School Costs Administration Costs Charitable Donations Total Pa ments 14,996.88 4,174.27 172.56 4,899.69 790.00 25,033.40 14,996.88 14,280.21 4,174.27 11,723.42 172.56 205.66 4,901.57 6,995.76 2,190.50 1,139.00 26,435.78 34,344.05 1.88 1,400.50 1,402.38 Excess of Receipts over Payments for the year before transfers Transfer from RCB Glebe Investment 1,797.92 210.62 2,008.54 (2,492.00) 33,000.00 33,000.00 Capital payments Transfers Excess of Receipts over Payments for the year 10 {53,551.95} (53,551.95) (4,718.76) (18,754.03 210.62 (18,543.41) (7,210.76)
St Matthias, Church, Ballyeglish STATEMENT OF ASSETS & LIABILITES AS AT 31 December 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds Total Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 44,193.76 (18,754.03) 44,193.76 51,404.52 210.62 (18,543.41) (7,210.76) Bank and Cash at end of year 210.62 25,439.73 25,650.35 44,193.76 Bank & Cash Balances Current Accounts Deposit Accounts Cash Total Cash Funds 8,442.32 16,997.41 210.62 8,652.94 27,895.50 16,997.41 16,298.26 25,439.73 210.62 25,650.35 44,193.76 OTHER ASSETS Investment Assets RCB Unit Trusts CIT Unit Trusts RCB Deposit Account Total Investment Assets 4,646.05 2,628.82 131,016.29 138,291.16 4,646.05 4,561.36 2,628.82 2,397.83 131,016.29 158,992.06 138,291.16 165,951.25 11 Assets retalned for thfr Parlsh's own use Church store & Toilet Glebe Land Carpark Total Assets retained for the Parish's own use 12,034.60 10,000.00 61,182.71 12,034.60 12,034.60 10,000.00 10,000.00 61,182.71 7,630.76 10 83,217.31 83,217.31 29,665.36 On Behalf of the Trustees Helen Jones Trustee Peter Sim Trustee 24 April 2025 24 April 2025
St Matthias, Church, Ballyeglish Notes to the financlal statements for the year ended 31 December 2024 1. Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities la) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (bl Statement of Assets and Liabilities The congregation has reviewed the basis on which it has prepared its accounts and in order that these are prepared on a strict receipts and payments ba51S It has eliminated from its fund balances any funds which are not held in bank or cash balances. Any other funds, which the congregation holds, in particular investments, are disclosed on the Statement of Assets & Liabilities. (i} Assets retalned for the Parish's own use The assets of the Parish, retained for its own use comprise:. Church Buildings and Graveyard Church Store & Toilet Glebe land Carpark The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP {FRS1021. These Heritage assets are not included in the statement of assets and liabilities as information on the Cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Church store and toilet was built in 2013. It is recognised at cost of Construction. No depreciation has been provided on the store and toilet block as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Glebe land has been valued as 1 acre at agricultural value of £10,000 per acre. Church Carpark is recognised at cost of construction. li} Investments Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investment in RCBICIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. 10
St Matthias, Church, Ballyeglish Notes to the financial statements for the year ended 31 December 2024 {continued) 2. Special collections Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Earl Haig Collection Dio¢esan Hospice Appeal Carol Service for Air Ambulance 125.50 120.00 1,155.00 125.50 120.00 1,155.00 194.00 Confirmation Service Harvest Envelopes TOTAL 1,290.00 1290.00 1,290.00 2,690.50 1 115.00 1 309.00 1400.50 3. Property fund Unrestrlcted Restricted 2024 2024 Total 2024 Total 2023 Parishioner donations TOTAL 150.00 150.00 150.00 150.00 250.00 250.00 4. Other recelpts Unrestricted Restricted 2024 2024 Total 2024 Total 2023 LPOW Grant- VAT roof repairs 2023 Mid Ulster Farming Fun Day proceeds1400/0 share) Oonation Miss Jeannie Colhoun Cheque not presented for payment Energy support payment Funeral donation - family of late Mary Smyth TOTAL 567.00 567.00 4,706.00 100.00 50.00 55,00 50.00 55.00 600.00 50.00 672.00 5 456.00 672.00 5. Church running costs Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Automation of Church bell Electricity Fire Safe protection services Guest preachers Hoover repairs Insurance Music copyright licence Relief organist Repairs Water rates TOTAL 3,912.00 1,630.91 2,052.13 51.84 50.94 50.00 1,630.91 51.84 120.00 2,053.53 148.00 80.00 120.00 2,053.53 1,830.46 148.00 142.00 80.00 80.00 3,517.20 89.99 88.69 4 174.27 11723.42 89.99 4 174.27 6. Suiiday School costs Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Easter eggs Prizes Selection boxes 22.50 126.06 24.00 172.56 22.50 126.06 24.00 172.56 22.50 149.94 33.22 205.66 TOTAL 11
St Matthias, Church, Ballyeglish Notes to the financial statements for the year ended 31 December 2024 (continued) 7. Administration costs Unrestrieted Restricted 2024 2024 Total 2024 Total 2023 Audit fees Annual reports Bank fees Caretaker Catering flasks Christmas Gifts Free will offering envelopes Gift Gift aid admin fees Contribution towards Moneymore Rectory osts Mid Ulster Farming Fun Day expenses {400/9} Lawn mowing costs Lawnmower repairs & fuel Poppy wreath StationerylPrinting Sundry expenses TOTAL 396.00 144.00 95.39 600.00 173.94 465.00 205.67 200.00 305.61 396.00 144.00 95.39 600.00 173.94 465.00 205.67 200.00 307.49 360.00 140.00 111.92 600.00 455.00 195.60 105.00 308.91 1.88 1,212.08 1,212.08 1,465.35 2,214.74 600.00 600.00 437.00 229.00 25.00 25.00 4.00 133.80 36.00 51.44 4,901.57 6 995.76 600.00 437.00 25.00 4.00 36.00 4 899.69 1.88 8. Charitable donations Unrestricted Restrlcted 2024 2024 Total 2024 Total 2023 Age Concern Air Ambulance AYDC BoardlDoic of Armagh Youth Grant Church Army Church of Ireland Board Of Education Church of Ireland family routes Church of Ireland Children's Min Group Church of Ireland Retirement Trust Church's Ministry of Healing CMJ Ireland CMS Ireland Diocesan Hospice appeal Leprosy Mission Mission to Seafarers N I Protestant Orphan Society RBL Poppy appeal SAMS The Bible Society The Hub ICOI Centre at Queensl USPG TOTAL 35.00 35.00 1,155.00 100.00 70.00 25.00 30.00 35.00 100.00 100.00 70.00 25.00 30.00 1,155.00 100.00 70.00 25.00 30.00 25.00 45.00 35.00 35,00 125.00 25.00 45.00 35.00 35.00 125.00 120.00 30.00 35.00 25.00 45.00 35.00 35.00 125.00 120.00 30.00 35.00 30.00 35.00 55.00 125.50 194.00 30.00 30.00 35.00 35.00 100.00 100.00 35.00 35.00 2 190.50 1139.00 125.50 30.00 35.00 100.00 35.00 790.00 1400.50 12
St Matthias, Church, Ballyeglish Notes to the financial statements for the year ended 31 December 2024 (continued) 9. Movement in Funds At1Jan Incoming Outgoing Transfers 2024 Resources Resources At 31 Dec 2024 Restricted funds Special Collections Property Fund 1,400.50 212.50 1,400.50 1.88 210.62 1,613.00 1,402.38 210.62 Unrestricted funds General Fund 44,193.76 26,831.32 45,585.35 25,439.73 44,193.76 26,831.32 45,585.35 25,439.73 Total funds 44,193.76 28,444.32 46,987.73 25,650.35 10. Assets retained for the Parish's own use Church Store & Toilet Glebe Land Carpark Total Opening cost at 1 Jan 2024 Additions Disposals Closing cost at 31 Dec 2024 12,034.60 10,000.00 7,630.76 29,665.36 53,551.95 53,551.95 12,034.60 10,000.00 61,182.71 83,217.31 11. Investment Assets CIT Investment Representatlve Church Body RCB Deposit Account Total Openin9 Cost at 1 Jan 2024 Intererst Changes in valuation T'fer lo Parish Alc Closin9 Cost at 31 Dec 2023 2,397.83 4,561.36 158,992.06 165,951.25 5,024.23 5,024.23 315.68 33,000.00) 133,000.00 4,646.05 131,016.29 138,291.16 230.99 84.69 2,628.82 13
st Matthias, Church, Ballyeglish Notes to the financial statements for the year ended 31 December 2024 (continued} 12. Transactlons with the Trustees The Parish paid a contribution of £1,212.08 towards the running costs of Moneymore Rectory which is occupied by the rector. There were no transactions with the trustees during the year. No trustee received any remuneration or reimbursement of expenses during the year, other than Mr Stephen Wallace who received £1200 as an honorarium for his role as the Parish caretaker and Parish groundsman. 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. 13. Governance Costs Governance costs of £396 were incurred during the year of which £396 relates to fees paid to the independent examiner. Governance costs are included within Administration costs in the Receipts and Payments Accounts. 14