MAGHERAGALL PR£SBYrEIUAN CHURCH CHATy REGISTRATION NO. NIC105326 STATEmEr OF FINANCIAL ACTIVrri£s YEAR ENDED 31 DECEMBER 2023
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF MAGHERAGALL PRESBYfERIAN CHURCH I report on the financial statements of the charity for the year ended 31 December 2023 which are set out on pages 2 to 5. This report is made soSely to the charity's Trustees, as a body. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to thern in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by the law, I do not accept or assume responsibility to anyone other than the charity and the charitys Trustees as a body, for my work or this report. Respettlve Responslbllltles of Trustees and Examlner As the charity's Trustees you are responsible for the preparation of the financial statements. Having satisfied myself that the charity is not subject to audit and is eligible for independent examination it is my responsibility to:. Examine the financial statements Follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 651919b) of the Act; and State whether particular matters have come to my attention. Basls of Independent examlner's report I have examined the charitys financial statements as required under section 65 of the Charities Act and my examination was carried out in accordance with the Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. My examination included a review of the accountin8 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 financial statements, and seeking explanations from you as Trustees concerning any such matters. Independent examlner's statement I have completed my examination for the year ended 31. December 2023 and no matter has come to my attention which gives me reasonable cause to believe that, in any material respect l) the requirements to keep accounting records and prepare accounts which accord with those accounting records have not been met and 2) that there is further information needed for a proper understanding of the financial statements to be reached. Signed: SJ Givan FCA KOIOS NAVIG Ltd Chartered Accountsnts 7 Delamount 5 Dundela Park Belfast BT4 IPH Dated: 22nd April 2024
MAGHERAGALL PRESBYTERIAN CHURCH Statement of Flnandal Actlvltles Year ended 31 December 2023 Recelpts ond poyments account Note Restrlcted Unrestrlcted 2023 2022 Income from: Donations and legacies 65,797 87,930 153,727 133,393 Investments 687 1,775 2,462 2,301 Other sources 80 3,114 3,194 3,565 Total Income 66,564 92,819 159.383 139,259 Expendlture on: Charitable activities Establishment costs Investments 32,050 54,770 91,236 123,286 54,770 113,808 11,991 3,000 Total expendlture 86,820 91,236 178,056 128,799 Net movement In the year (20,256) 1.583 (18,673) 10,460 Transfers between funds 12,734) 2,734 Investments redeemed 33,124 33,124 Bank and cash balances brought forward 49,708 13,4301 46,278 35,818 Bank and cash balances carrled forward 26,718 34,011 60,729 46,278
MAGHERAGALL PRESBYfERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2023 l. Accountlng basls The Trustees have elected to prepare the accounts on a receipts and payments basis in accordance with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. All amounts are recorded in sterling. 2. Donatlons and legades Restricted Unrestricted 2023 2022 Donated for charitable activities 36,702 Donated for establishment costs 29,095 Legacy- Rev R D Larmour dec'd 87,930 124,632 29,095 106,585 25,808 1,000 65,797 87,930 153,727 133,393 Donotions include the attaching gift aid tax, where applicable. 3. Investment Income Restricted Unrestricted 2023 2022 Dividends Interest 687 1,506 269 2,193 269 2,274 27 687 1,775 2,462 2,301 4. Other Income sources Restricted Unrestricted 2023 2022 Graveyard Publications Rents Sundry 2,870 216 28 2,870 216 108 2,775 210 485 95 80 80 3,114 3,194 3,565 5. Charltable artlvltles Restricted Unrestricted 2023 2022 Donations to Missions and other charities Sunday school costs United Appeal Ministerial costs Central assessments Organisations expenditure Other running costs 9,944 361 5,021 9,944 361 6,957 46,905 15,966 16,644 26,509 11,017 139 6,791 44,310 16,155 12,758 22,638 1,936 46,905 15,966 16,644 80 26,429 32,050 91,236 123,286 113,808
MAGHERAGALL PRESBYfERIAN CHURCH Notes to Recelpts and Payments Account Year ended 31 December 2023 All the charitable activities undertaken are those of a Presbyterian Church in Ireland and for the public benefit. 6. Estsbllshment costs 2023 2022 Repairs and maintenance- Hall Repairs and maintenance- Church Repairs and maintenance- Manse Repairs and maintenance- Graveyard 1,212 522 40,636 12,400 10,561 1,346 84 54,770 11,991 7. Transfers between funds Transfers made in order to ensure that no restricted fund is in deficit at the year end. & Investments redeemed 2023 2022 2,612 shares in PCI General Investment Fund 33,124 9. Flxed Assets The congregation owns the undernoted property: All the church property situated at School Lane, Upper Ballinderry, Lisburn, BT28 2NT including all fixtures, fittings, plant and equipment, Manse, outbuildings, grounds and land at 102 Glenavy Road, Lisburn, 8T28 3XD Small portion of land at Tansy Road, Upper Ballinderry, Lisburn, currently leased to Tansy Mission Hall at a peppercorn rent. These assets have an insured value of £3,310,00712022: £3,241,927). 10. Investments The congregation has the following investments, shown at market valuation: 2023 2022 PCI General Investment Fund Other 73,453 682 99,295 363 74,135 99,658
MAGHERAGALL PRESBYfERIAN CHURCH Statement of Assets and Llabllltles Year ended 31 December 2023 Bank and cash balances 2023 2022 Bank deposit accounts Bank current accounts Cash in hand 16,809 43,060 860 12,715 32,720 843 60,729 46,278 Other assets Fixed assets- Note 9 Investments- Note 10 3,310,007 74,135 3,241,927 99,658 3,384,142 3,341,585 Llabllltle5 There are no liabilities The Receipts and Payments Account and Statement of Assets and Liabilities were approved at a meeting of Trustees of the charity on 22nd April 2024 and authorised for issue. Rev A A Mccullough Chairperson A l Mcculla Treasurer
MAGHERAGALL PRESBYfERIAN CHURCH The following pages, 7-14, do not form part of the Annual Accounts and are provided for information only. The figures shown have however, been incorporated into the Annual Accounts, (pages 2-51 on which the congregation's Independent Examiner has given his report.
MAGHERAGALL PRESBYTERIAN CHURCH General Account- INCOME Year ended 31 December 2023 2023 2022 % Inc(dec) Speclfied sources: Freewill offerings Tax refunds thereon Loose collection Tax refunds thereon Donatlons towards118ht and heat: pw Girls, Brigade Boys, Brigade Badminton Club Bowling Club Hilltop Friends Knitting Circle Unlted Appeal.. Contributions Tax refunds thereon Other Income: Income from invested bequests & gifts Interest Graveyard income Wayleave rents Herald5 Donation- PW Tax refunds thereon Sundry donations Hall & car park hire Fun Day income 21.4 74,464.58 12,540.25 574.77 143.69 61,352.51 11,537.80 758.41 189.50 (24.3) {24.3) 150.00 600.00 500.00 67.00 300.00 290.00 100.00 150.00 600.00 400.00 25.0 50.00 100.00 4,183.50 837.25 4,018.00 906.25 {7.61 1,505.70 268.99 2,870.00 27.92 216.00 626.00 106.25 100.00 1,433.54 26.88 2,775.00 25.21 210.00 100.00 400.00 95.00 TOTAL INCOME 100,471.90 85,128.10
MAGHERAGALL PRESBYTERIAN CHURCH General Account- EXPENDITURE Year ended 31 December 2023 2023 2022 % Inc(dec) Mlnlsterlal costs: Salary Motor expenses Ministerial duties National insurance thereon Endowments to rninister National insurance Cost of living uplift Pulpit supplies Assessments Pension fund Central Ministry Fund Widows of Ministers Fund Incidental Fund Assembly Buildings External Works Student Bursary Fund Ministerial Development Fund Prolonged Disability Fund Sick Supply Fund Apprenticeship Levy Presbytery fees Planlst & asslstants Unlted Appeal {TGrget £6,957) Manse Rates Heat and118ht: Church Hall Insurances (changed to monthly poyrnents in Oct 2022) Prlntlng and statlonery Inks, paper, postage etc FWO envelopes Annual reports Other costs: Water charges Graveyard - maintenance Copyright licences Bank and investment charges Bank interest Independent Examiner's fee Repair to communion server 35,074.24 4,020.00 2,681.00 925.00 51.22 3,653.50 500.00 401.00 33,404.04 3,829.00 2,553.00 927.75 53.19 3,543.00 (0.3) (3.8) 384.50 8,417.75 2,345.00 479.00 1,918,00 1,066.00 8S2.00 213.00 479.00 21.00 175.00 754.10 2,160.00 6,957. 8,017.00 2,599.00 541.00 2,004.00 1,083.00 1,029.00 249.00 433.00 33.00 167.00 918.19 630.00 6,791.00 {9.81 111.51 {4.31 {1.61 117.21 114.41 10.6 (36.31 117.91 1,124.39 1,054.64 (2.9) 15.8 3,752.76 9,689.59 3,192.58 3,864.03 8,362.40 1,046.07 27.00 542.88 162.00 56.89 517.73 156.00 {39.8) {15.0) 201.53 2,259.00 414.00 82.40 334.95 2,657.80 387.00 82.00 308.67 170.00 40.00 23.5 210.00
MAGHERAGALL PRESBYTERIAN CHURCH General Account- EXPENDITURE (continued) Year ended 31 December 2023 2023 2022 % Inc(dec) Other costs (conydj: Heralds Internet & website Kitchen & cleaning supplies Hygiene/sanitary disposal contract Jubilee Celebration expenses Fun Day expenses Haryest lunch & expenses 10.8 216.00 730.58 417.59 91.48 195.00 684.65 60.00 94.32 85.89 344.83 142.73 TOTAL EXPENDITURE 96,256.58 89,834.27 SURPLUS/(DEFICIT) FOR YEAR 4,215.32 (4.706.17) Transfer to Donations Account Transfer from Praise Group account {150.001 251.14 (250.00) Balance/(Defldt) brought forward (3,429.881 1,526.29 Balance/(Defldt) carrled forward 886.58 (3.429.88)
Property Maintenanee Balance blforward Investment income Harvest Tax refunds thereon Envelopes, slo's etc Tax refunds thereon Sale of Christmas baubles Sale of chairs Donation- in memory of the late Margaret Priestley Donation- in memory of the late Ivan Kelly In lieu of flowers - the late Margaret Hollinger Donation- Badminton Club Porch jar-100se change Transfer from Manse Fund 29,319.69 630.54 HALL: 6,550.00 Fire extinguisher service 1,155.00 Maintenance contracts: 16,622.60 Security/Fire systems 2,835.00 Tint film applied to windows 5.00 120.00 140.00 672.00 400.00 1,212.00 1,000.00 MANSE: Grounds & fence maintenance 250.00 Kitchen & cloakroom refurbishment and replacement 545.00 Electrics upgrade re above 401.00 12.58 150.00 400.00 36,276.00 3,960.00 40,636.00 CHURCH: Gully & spout cleaning & hedge cutting Vacuum cleaner repaired Boiler serviced Fire extinguisher service 122.25 22.95 258.00 19.00 422.20 GRAVEYARD EENsION. Drainage work, levelling and pathway installation 12.400.IXI Balance clforward 4,926.21 59,596.41 59,596.41 Manse Fund 150.00 Transfer to Property Maintenance Balance b/forward 150.00 Manse Land Account Conacre 80.00 Paid to minister 80.00 Communlcatlons Mlnlstry Balance b/forward 232.77 Balance c/forward 232.77 -io-
Sundrles account Balance b/forward: Bequests to be Invested 2,999.80 Balance clforward 2,999.80 Pralse Group Balance blforward 351.14 Contribution to equipment Transfer to General Account 100.00 251.14 351.14 351.14 Donatlons Account Balance b/forward Children's Society collections Tax refunds thereon World Development Appeal Tax refunds thereon TEAR Fund Tax refunds thereon Remembrance Day collection Orange serrfice Turkey/Syria earthquake appeal Investment income Donation for foodbank Christmas choir Transfer from General Account 1.13 Presbyterian Children's 1,125.00 Society 135.00 Poppy Appeal 790.00 World Development Appeal 197.50 TEAR Fund 1,455.00 Turkey/Syria earthquake appeal 348.75 Lord Enniskillen Memorial 216.00 Orange Society 242.55 PCI stand at Balmoral Show 150.00 Lisburn Foodbank 3.90 20.00 53.00 150.00 Balance c/forward 1,380.00 216.00 987.50 1,803.75 150.00 122.55 200.00 20.00 8.03 4.887.83 4,887.83 Sunday School Account Balance b/forward Collections 2,389.92 Easter eggs 360.00 Prizes/speaker Christmas Selection boxes Balance clfonvard 25.00 283.10 53.00 2,388.82 2,749.92 2,749.92 -li-
I" Magheragall Boys Brlgade 3,002.99 BB Headquarters fees 1,975.00 Light & heat 2,000.00 Officer training 138.50 Children's Cancer Charity 242.00 Display expenses 661.00 Recruitment expenses 258.30 Uniforms 105.00 Activities & crafts 38.48 Donation- Operation Shoeboxes Training- boys Balance clforward Balance b/forward Membership fees Educ Authority grant Loose change for charity Uniforms Display receipts Enrolment service For activities Bank interest 2,437.50 500.00 65.00 138.50 1,005.85 23.15 310.88 1,015.45 30.00 230.50 2,664.44 8,421.27 8,421.27 Maghera8all Glrls, Brlgade 5,182.32 Equipment 1,800.00 Costumes 1,775.00 Badge expenses 941.00 Craft materials 1,522.50 Ink & stationery 595.50 Uniforms Display costs District fee Light & Heat G8NI fees Outings, parties etc Gifts Courses Security doorbell Unspent grant repaid Balance c/forward Balan b/fon¥ard Educ Authority grant GBWeek Membership fees Uniform sales Display receipts 106.86 332.84 400.92 145.53 107.74 932.90 1,693.34 20.00 600.00 1,032.36 445.14 49.95 250.00 27.99 157.69 5,513.06 11,816.32 11,816.32 Bowllng Club Balance blforward Member5 subs Concert receipts Hog Roast Zone events- Hall hire League tearns charity donations 2,100.77 320.00 900.00 1,200.00 400.00 2,120.00 Bank charges 46.87 Donation- Friends of the Cancer Centre 2,120.00 IIBAfees 90.00 ricket printing 79.20 Sundry event expenses 91.95 Polycups, biscuits etr 65.31 Light & heat 300.00 Balance c/forward 4,247.44 7,040.77 7,040.77 -12-
Recreatlonal Badmlnton 125.00 Balance c/forward Balance blforward 125.00 Hllltop Frlends Balance b/forward Subscriptions Lisburn & Castlereagh City Council For outings For Friends of the Cancer Centre Donations 1,875.48 634.00 Speakers Food Gifts Craft materials Donation- Friends of the Cancer Centre Outings Bankfees Boccia Stationery, phot05 etc Rent, heat & light Balance c/forward 585.00 517.12 251.30 648.97 315.00 2,841.15 64.65 75.00 41.81 290.00 2,141.48 1,672.00 2,790.00 315.00 485.00 7,771.48 7,771.48 Knlttlng arde Balance b/forward Subscriptions Proceeds- Coffee Morning 73.83 104.00 1,445.76 Heat & light Food Donations: Down BB re Uganda Helping Hands, Markethill Project Romania Balance clforward 100.00 39.80 400.00 475.00 475.00 133.79 1,623.59 1,623.59 Badmlnton Club Balance b/forward Fees 872.75 373.00 Club affiliation - Bl Members affiliation- Bl League fees Shuttles etc Donation- property maintenance Light & Heat Balance c/forward 17.50 233.75 30.00 33.00 401.00 67.00 463.50 1,245.75 1,245.75 Youth Club Balance blforward 70.00 Balance c/forward 70.00 -13-
Mums & Toddlers Balance b/forward 455.08 Balance clforward 455.08 Balance clforward Investment income: Mrs Edith Larmour dec'd Tea money Mission box collections Stew lunch 264.10 Donations: Mission Fund Presby Children's Society Light & heat Donation- Church funds Speakers Balance clforward 1,010.66 loo.00 150.00 626.00 loo.00 108.14 53.04 141.00 1,010.66 626.00 2,094.80 2,094.80 Men's Group Balance b/forward 241.20 Balance clforward 241.20 -14-