CHARITY REGISTRATION NUMBER: NIC104777 CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE ST. LURACH'S PARISH OF MAGHERA RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE ST. LURACH'S PARISH OF MAGHERA Contents Page No Inforniation page TTUStee's annual report 24 Independent Examiners Report Receipts and Payments Accounts Statement of financial position Notes to the Accounts CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE ST. LURACH'S PARISH OF MAGHERA Trustees Stephen RichaTdson Elizabeth Davison David Montgornery Elizabeth Montgornery Adeleine Selfridge Nigel Selfridge Pearl MooTe Alana Shiels Stephen Drennan Hilary McKenzie Robert Rainey Alistair M¢Kinley Mervyn Hutchinson Noel Booth Alan Workman Rev Jonathan BTown Address 15 Church Street Maghera Co Londonde BT46 SEA Accountants PFS Accountants and Auditors Ltd Chartered Certified Accountants 122 Main Street Dungiven Co. L'deny BT47 4LG Page I CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE ST. LURACH'S PARISH OF MAGHERA TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 The trustees present their report and the unaudited financial statements accounts of the charity for the year ended 31 December 2022. Reference and gdministrative detsils Registered Charity Name Church of Ireland, Diocese of Derry & Raphoe, St. Lurach's Parish of Maghera Charity registration llumber NIC104777 Principal office 15 Church Street Maghera Co Londonderry BT46 SEA The trustees Stephen Richardson Elizabeth Davison David Montgomery Elizabeth Montgomery Adeleine Selfridge Nigel Selfridge Pearl Moore Alana Shiels Stephen Drennan Hilary M¢Kenzie Robert Rainey Alistair M¢Kinley Mervyn Hutchinson Noel Booth Alan Workn]an Rev Jonathan Brown Accountants PFS Accountants and Auditors Ltd Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG Structure. governance 2nd management St. Lurach's Parish of Maghera is a charity managed by the tNstees. Objectives and activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of St Lurach's Parish of Maghera is to support the advancement of the Christian religion by promotin& through the work of St Lura¢h's Parish, the whole mission of the Church, pastoral, evangelistic. social and ecumenical. Being open to and engaging with society and offering support for those needing help a￿ fimdamental to the practical delivery of the benefits of Christianity. As a result of activity, in the pursuit of the advancement of the ChT5Stian religion, St Lurach's Parish of Maghera 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 Vesty of St Lurach'5 Parish of Magher& Page 2 Aehievements.Performance & Public Benefit During the year the charity had receipts of £78,866 this includes monie5 from offerings, collections, donations. grants and inwme from investments. To help achieve the advancement of the Christian religion and provide public benefiL the Select Vesty of St Lura¢h's, Maghera & Killelagh, continued to share the tNth and love of Christ in our community. Our vision ststement. A family that loves Jesus and has his heart for the world" is at the centre of all catTied out by the Parish and charity. During the first half of 2022, we were much in the recovery stage from COVID. Importantly, childreT]'s work was focused on continuing to enrich the lives of primary-school aged children. Although adults have suffered from isolation and loneliness throughout the pandemic. children, with &8 yet undeveloped social and relational skills have perhaps been more greatly irnpacted than we have realised. As such. our spiritual care and nurture for Children has been a vital ministy and public benefit to our cornmunity. This was demonstrated and showcased in an "Easter Trail" in April. and a'children's Day" in May. Along with thi5 attention to children, in June, multi-generational gatherings were facilitated with a"Bring-and-Share" lunch and setting up a BBQ-stall for a community day at the Maghera Wall Garden. Our pace quickened as we moved towards the end of the summer. At the beginning of September, we held a"24-Hour Prayer" event. which invited members of the Parish and community to bring all their cares - spiritual, emotional, and practical - to God, for thernselves, the Parish, and the community. All were welcome and St LuraGh's Church remained open throughout the night to be a¢¢essible to everyone in Magherd and beyond. This preceded the launch of a community'creation Trail" in September in the Rectory Grounds which was very well attended and proved a great success. Additionally, a hardship fund for those in need within the Parish was also established. Utilising the Changing seasons. Harvest w&s celebrated with a special lunch in October. And as we moved into November, along with welcoming the Royal British Legion on Remembrance Sunday. we also held a"Remembering our Loved Ones" s¢rviGe on the same evening. The devastation which COVID has caused meant that theff have been many bereavements during these last three years which were not properly or nomially marked. Restrictions on funerals and the inability to gather together at such a time of loss and grief has created and exacerbated already deep wounds. So, this community Service was for all to share their grief together at a special service to receive comfort and strength from one another and from the LORD our God. Children's ministy continued and increased throughout the year. From the Parish's Sunday School group climbing from I I to 19 each week, to special events held for primary-age children such as a"Festival of Light" to coincide with All Hallow's Eve. Additionally, we hosted a children's Christmas party and enjoyed the ¢hildren telling"The Christmas Story" in St Lura¢h's in early December. Then in later December, there was a special "Chri5tingle" Sunday focused on children and young families as part of our spiritual outreach into the community with the love of God Along with a return of a Parish Christma5 dinner, a special series of events and services occurred during December including Carol Services in both churches. a very successful "Community Caro15 by Moonlight" held at the Rectory. and a"Five Lessons and Carols" servi¢e at "Mullagh Court" sheltered housing. In spite of the difficult last few years during the pandemic, we believe that the Parish of St Lurach's. Maghera & Killelagh has meaningfully delivered its aims and objectives. The charity listed as "St Lurach's Parish, Maghera" has given careful consideration to the 'Charity Commission for Nl. guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the parish objectives and activities, as well as providing public benefit to the wider community. All in all. we are pleased that our recovery from the effects and impact of COVID are palpable and we intend to carry fonvard all the good work done and completed by the end of 2022. We look forward with anticipation and excitement to all that 2023 will hold. Page 3 Financial review During the year the charity made a net deficit of £4.265. This is shown on page 6 of the accounts. The trustees, annual report was approved on 17 October 2023 and signed on behalf of the board of trustees by: Rev. Jonathan Brown Trustee Robert Rainey Trustee Page 4 CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE ST. LURACH'S PARISH OF MAGHERA Independent examiner's report to the charity trustees of SL Lurach's Parish of Maghera I report on the fmancial statements for year ended 31 Decernber 2022, which are set out on pages 6 to 8. Respective Responsibilities of charity trustees and examiner As the charity's twstees you are Tesponsible 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 procedure laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act stste 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 arried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My exarnination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. 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 stafr whether any matsrial matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act. That the accounts do not accoTd with those accounting records. That the accounts do not cornply with the accounting requirements of the Charities Act. That there is further inforn]ation needed for a proper Understanding of the accounts to be reached. I have cornpleted my examination and have no concern5 in respect of the matters (l ) to {4) listed above and. in connection with following Directions of the Charity Commission for Northern Irelan(L I have found no matters that require drawing to your attention. e6 A. &Jb J AJJ-., PFS Aecountants and Auditors Ltd Chartered Certifled Accountants 122 Main Street Dungiven Co Derry BT47 4LG Date . 17th October 2023 Page 5 CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE sr. LLQIACH'S PAIUSH OF MAGHERA STATEMENf OF RECEIYfs AND PAITrIENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2022 Unrestricted Funds Restricted Funds Notrs Totsl 2022 Totsl 2021 R¢¢eipts Offerings Miscellaneous Building fund Rectory Fund Special collections & donations R¢nted walled garden DFC Grant Mid Ulster District Coun¢il- Walled Garden Covid 19 aid Land Rent Interest Dividends on investments 61.700 1.635 61.700 1.635 50.984 1.530 2.157 1.952 8.149 1.952 8.149 10,593 6,670 7,935 1.126 1.510 540 190 2,064 78,866 1,126 1,510 540 190 2.064 78.866 187 4.100 84,156 Pgymettts Rectory electricity Rent for new Tectory Diocesan office Elecrricity Electricity for church Heating oil Insurance El¢ctri¢ity for Upperlands Church Hall Organist fee & organ exp¢nses Rector expenses Printing & Staiionery Visiiing rectors Accouniancy fees Bank fees Telephon¢ Catering costs Church repairs Sound SyS*Tn upgrdde Subscription Upkeep & maintenance of rectory and grounds including Killelagh Re￿Ory refurbishment Leighton Johnston A5sociate5 Fi¢lds of life Sunday school expenses Sundry expenses 868 6,075 54,510 5.021 3,496 5,021 3.496 1.926 1.087 3.838 204 4.128 3,8?0 4.128 3.8?0 1.832 1.094 300 312 236 ?50 2.300 514 681 1.832 1.094 300 31? 236 250 2,300 514 681 2.160 443 95 288 237 20 6,079 40,442 221 288 300 3.023 7,440 47,9?4 7.440 47,9?4 288 100 2.146 288 2,146 83.132 83.13? 12? 103 Pgyments for #s$ets Totsl Payments 83,132 83.132 122,103 (Deficit) I Surylu$ for the year (4 9651 14,265) 137,947) Reconciliation 31 December 2022 C&8h at bank & in hand 30 December 2021 surplu￿ (deficiil thi5 year end C&sh at bank & in hand 31 December 20?? 144.?37 14,?65) 139,97? 144.237 14,2651 139.972 182.184 137.9471 144.?37 Page 6 CHURCH OF IRELAND DIOCESE OF DERRY & RAPHOE ST. LURACH'S PARISH OF MAGHEIL4 STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31ST DECEMBER 2022 2022 2021 Current assets Cash at bank and in hand 139,972 139,972 144.237 144.237 Net Current assets 139,972 144,237 Net assets 139,972 144.237 Funds of the charity Unrestricted fimds Total eharity funds 139,972 139,972 144,237 144,237 These financial statements accounts were approved by the board of trustees and authorised for issue on 17 October 2023, and are signed on behalf of the board by: Rev Jonathan Brown Trustee Robert Rainey Trustee Page 7 CHURCH OF IREL4ND DIOCESE OF DERRY & RAPHOE sr. LURACH'S PARISH OF MAGHERA NOTES TO THE FINANCL4L STATEMENTS ACCOUNTS FOR THE YEAR ENDED 31sr DECEMBER 2022 l General information The charity is a registered charity in Northern Irel￿d and is unin¢oTporated. The addr￿5 of the principal offic¢ is 15 Church streeL Magher4 Co Londonderry, BT46 SEA 2 Statement ofcornpliat)ce These fmaneipl statements accounts have been pr¢pared in compliance with FRS 102, Th¢ Financial Reporting Standard applicable in the UK and the Republic of Ireland,, th¢ Statement of Re¢ommended Practie¢ applicable to charities prcparing their accounts in accordan¢¢ with the Financial Reporting Standard applicable in th¢ UK and Republic of Irdand (FRS 102) Iclwiti¢s SORP (FRS 1021) and th¢ Charities Act INorthern Ireland) 2008. 3 Aecounting polieie5 Basis ofpreparation The fInancia] statements awounts have b¢¢n prepared on th¢ historical cost basis. as modified by th¢ revaluation of ￿rtain f￿ancial aqsets and liabilities and investtnent properties measur¢d at fair value through income or exp¢ndLtt￿e The financia] ststein¢nts ac£ounts ar¢ PTepared in st¢rling. which is th¢ functiona] CUTrenoy of the entity. Coing coneern Ther¢ are no material uncertainties about the clwity's ability to eontinue. 5 Taxation St. Lurach's Parish of Magh¢ra is regist¢r¢d as a charity for tax purposes with HM Revenue and 4ccordingly 15 exempt fro]n taxatiot). Page 8