mAGREsBRIDGE CHURCH OF IRELAND TRUSTEES, ANNUAL REPORT AND STATEMENT OF RECEIPTS AND PAYMENTS AND ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 CHAIUTY NUMBER: 105484 HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 EAST BRIDGE STREET ENNIsLLEN COUNTY FERMANAGH BT74 7BT
MAGUIRESBRIDGE CHURCH OF IRELAND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS References and Administrative Details Trustees, Annual Report 24 Independent Examiners Report to the Trustees Receipts and Payments account Statement of Assets and Liabilities Notes to the Financial Statements
MAGUIRESBRIDGE CHURCH OF IRELAND REFERENCES AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022 Charity Name: Maguiresbridge Church of Ireland Chatity Registration Number: 105484 Contact Address: 15 Drumgoon Road Enniskillen County Fennanagh BT94 4PB Trustees Mr Ivan Kettyle Mrs Lorna Amistrong Mr Edwin Morrison Mr James AmstTong Mr Harold Nelson Mr Menryn Nelson Mr Joseph McAlpine Mrs Lorraine Graydon Mr Ivan Arnistrong Mr Edward Whittaker Mr William Loane Mr Adrian Richardson Mrs Pearl Howe Mr David Graydon Mr Alan Morrison Principal Office-bearers Clergy: Church Treasurer: Church Secretary.. Church Warden- Clergy: Church Warden - People Glebe Warden - Clergy: Glebc Warden - People: Reverend Lindsey Farrell Mr Edwin Morrison Mr Ivan Kettyle Mr David Graydon Mr Alan Morrison Mr Adrian Richardson Mr Edward Whittaker Independent Examiner Hassard Mcclements Limited 32 East Bridge Street Enniskillen County Fern]anagh BT74 7BT Bankers Ulster Bank 186 Main Street Lisnaskea County Fernianagh B T92 OJF Santandcr 4 Church Street Enniskillen County Fennanagh BT74 7EB Progressive Building Society 33/37 Wellington Place Belfast County Antrim BTI 6HH
MAGUIRESBRIDGE CHURCH OF IRELAND TRUSTEE'S ANNUAL REPORT ST FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Maguiresbridge Church of Ireland for the year ended 31 December 2022. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religion. The principal function of Maguiresbridge Church of Ireland is to support the advancement of the Christian religion by promoting, through the work of Maguiresbridge Church of Ireland 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 pursuit of the advancement of the Christian religion, Maguiresbridge Church of Ireland 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 Maguiresbridge Church of Ireland. Achievements, Performance and Public Benefit Maguiresbridge Church of Ireland fulfils its PUTposes in the support and advancement of the Christian religion through weekly services, inclusive of Holy Communion, Morning Prayer, Family Services, Contemporary worship, additional services (evening) and those of thc churches calendar year at Easter, Harvest and Christmas. Scrvices continue to see steady numbers with increases at the seasonal services and special services held. The Parish Offers pastoral care and assistance where feasible, to all within the parish family and those within the parish boundary, with visitations to homes, hospital, residenttal and nursing homes and the provision of home communion to the sicL elderly and housebound. Members of the parish family, including a number of the present Trustees, are actively involved within the wider community - serving on Boards of Governors, with the rector delivering assemblies on a monthly basis. The Church works closely with the other groupslorganisations and assists in supporting community events, led by the rector and othcrs. The Trustees, (who have a responsibility for the upkeep of church property, Church, Graveyard, Rectory and Parish hall), continue to cany out remedial repairs to the surrounds of the parish church and rectory. The Trustees, also carried out routine maintenance to the hall, to ensure that all facilities are welcoming, safe and usable by members and the wider public. The aforementioned activities, as described, provide evidence of how Maguiresbridge Church of Ireland continues to implement its charitable purposes, the advancement of Teligion, and meets the Public Benefit requirement. Maguiresbridge Church of Ireland, have through the implementation of the Church of Ireland Safe Guarding Trust. mitigated the potential for hann from its activities. Financial Revieiv The principal source of income of Maguiresbridge Church of Ireland continues to be from Donations and Plate Collections. The principal expense of Maguiresbridge Church of Ireland is in respect of payments regarding Diocesan Costs/Assessment.
MaguiresbTidge Church of Ireland had an excess of receipts over payments of £1 0,215 for the year ended 31 December 2022. Maguiresbridge Church of Ireland continues to be in a healthy financial state as at 31 December 2022 with total cash funds of £148,768. Maguiresbridge Church of Ireland aims to retain sufficient reservcs to meet its expected future expenditure requirements as well as potential future capital projects. Going Concern The Trustees have reviewed its planned expenditure 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 2022 can be signed off as a going concern. Structure, Governance and Management Governing Document and Constitution of the Charity Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vesty members are the Charity Trnstees. Recruitment and Appointment 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 mcmbers of the General Vestry of thc Parish, allowing thcm 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 ternis, which may be served. Diocesan Assessment The Diocesan Assessment is £22, [65 (2021: £26,231). Organisational Structure 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, the Church Wardens, the Glebe Wardens and generally not more than twelve other members of the General Vestry elected at the General Vesty. The Select Vestry is chaired by the Incumbent or other members of the clergy officiating in the Parish. The Select Vesty members are responsible for making decisions on matters of general concern and importance to the Parisli including deciding how Parish funds are to be applied. The Select Vesty meets at tirnes fixed by the members or by the Diocesan Synod. Special meetings may be coiivened at any time by the Cha1crson or the Church Wardens.
Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parisli's objectives and activities, as well as Providing public benefIt. Statement of Trustees, Responsibilities 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 requires the Trustees to prepare a Statement of Receipts and Payments and a Statement of Assets and Liabilities for each financial year. 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 tlie prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees i£-og-VLS Reverend Lindsey Farrel Mr Edwin Morrison Date;
MAGUIRESBRIDGE CHURCH OF IRELAND INDEPENDENT EXAMINER'S REPORT TO THE CHAIUTY TRUSTEES OF MAGUIRESBIUDGE CHURCH OF IRELAND We report on the accounts of MaguiTesbridge Church of Ireland for the year ended 31 December 2022, which are set out on pages 6 and 7. 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, the Charities Act (Northern Ireland) 2013 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. It is our responsibility to.. Examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. Follow the procedures laid down in the general Directions given by the Commission undei section 65(9)(b) of the Charities Act (Northern Ireland) 2008. and State whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act (Northern Ireland) 2008 ]d our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008. Our examination included a review of the 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 chaTlty trustees concerning any such matters. Our role is to state whether any material Matters have come to our attention giving us cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008. 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 (Northern Ireland) 2008" and 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. We did not undertake an audit and therefore we express no audit opinion. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters (l) to (4) listed above and, in Cormection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTAIYTS AND REGISTERED AUDITORS 32 East Bridge Street Enniskillen County Fernianagh BT74 7BT Date: Iglo
MAGUIRESBRIDGE CHURCH OF IRELAND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Restricted Funds Funds 2022 Total 2022 Total 2021 Note 2022 Recei Donations and Plate Collection Proceeds from Fundraising Events Bank and Deposit Interest Investinent Income Rental Income Grants Other Receipts Total Recei ts 45,913 8,378 519 856 9,753 2,840 8,366 76,625 3,027 48.940 8,378 519 866 9,753 2.840 9,206 80,502 37,624 990 1,102 833 9,721 io 840 3,877 14,254 64,524 ments Diocesan Costs / Assessment Church Running Costs Rectory Costs Hall Costs New Kitchen Independent Exalniner Fee Charitable Donations Bank Charges Insurance Other Property Expenses Electricity Sunday School Sundry Total Pa 22.165 7.858 7.459 5,083 22,165 26,231 7,858 4,194 7,459 3,230 5,083 4.316 21,483 1,030 840 1.000 2.936 214 3,028 3,986 7,476 869 3,985 66,059 1,000 5,963 214 165 3,028 4,026 3,986 7,143 7,476 312 869 240 5,186 1,828 70,287 75,038 3,027 1201 4,228 ment5 Excess l (Deficit) of Receipts over Payments for the year before transfers Transf¢rs 10,566 (351) 10,215 (10,514) Excess/ (Deficit) of Receipts over Payments for the year 10,566 (351) 10,215 (10,514) On behalf of the Trustees Reverend Lindsey Farre Mr Edwin Morrison Date". L8(% ILI
MAGUIRESBRIDGE CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022 Unrestricted Restricted Funds 2022 Funds Endowmen Total 2022 Total 2022 2022 2021 Cash Funds Current Accounts Deposit Accounts TotAI Cash Funds 67,895 77.810 145,705 3,063 70.958 77,810 148,768 61,217 77,336 138,553 3,063 Investment Assets Invesfments in RCB Unit Trusts Total Investment Assets 20,922 20,922 20,922 20,922 20,922 20,922 Assets retained for the Parish's own use Rectory and Glebe Church Hall 405,237 265,000 169.722 839,959 405,237 265.000 169,722 839,959 405,237 265,000 169,722 839,959 Othei. Property Total assets retained for the Parish's own use On behalf of th¢ Trustees Reverend Lindsay Far - Ay4- LUL3 Mr Edwin Morrison Date:
MAGUIRESBRIDGE CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 l. 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. a) Receipts 2nd Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. b) Statement of Assets and Liabilities i) Assets retallned for the Parish's own use The assets of the Parish, retained for its own use comprise.. Church Building and Graveyard - Rectory and Parish Lands - Church Hall - Other Property The Church Building and Graveyard are deemed to be Herltage assets as defined by the Charities SORP (FRS 102). These Heritage as5¢ts are not included in the Statement of Asscls and Liabilities as infonnation on the cost or valuation is not available and such inforniation cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Rectory is recognised at deemed cost. being two-thirds of the capital value for insurance purposes. No depreciation has bccn Provided on these buildings as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. The Church Hall was built in 2003 and was officially opened in 2004. It is recognised in the statement of assets and liabilities at its approximate cost of construction. No depreciation has been provided on the hall as the current estimalcd residual value is not less than it's carrying value and the remaining useful life cuentlY exceeds 50 years. ii) Investments Fixed asset investments which comprise of investments in RCB Unit Trusts are recorded at cost.
MAGUIRESBRtDGE CHURCH OF IRELAND IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2. Reconciliation of Cash Funds Total cash funds at beginning of the year Receipts for the year Payments for the year Total cash funds at end of the year 138,553 80,502 (70,287) 148,768 3. Funds of the Parish At Incoming 01.01.2022 Resour¢es Outgoing Resources At Transfers 31.12.2022 Endowment Funds Bequests 20,922 20,922 20.922 20,922 Restricted funds Donations Ladies Catering Club Fund Friday Club Fund Indoor Bowling Club Fund Badminton Club Fund 3,277 (3,277) 8,456 988 2.264 162 11,870 (8,456) 480 119 (788) (163) 680 2,220 163 3,063 3,877 (4,228) (8,456) Unrestricted funds General Fund 966.642 966,642 76.625 76,625 (66,059) {66,059) 8,456 8,456 985.664 985,664 Total funds 999.434 80,502 (70,287) 1,009,649