MAGUIRESBRIDGE CHURCH OF IRELAND TRUSTEES, ANNUAL REPORT AND STATEMENT OF RECEIPTS AND PAYMEYfs AI¥D ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER.. 105484 HASSARD MCCLEMENTS LtMITED CHARTERED ACCOUNTANTS REGISTERED AUDITORS 32 EAST BRIDGE STREET EINNISKILLEN COUNTY FERMANAGH BT74 7BT
MAGUIRESBRIDGE CHURCH OF IRELAND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS References and Administrative Details Trustees, Annual Report 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 ADIIqINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Name.. Maguiresbridge Church of Ireland Charity Registration Number.. 105484 Contact Address: 15 Drumgoon Road Enniskillcn County Fennanagh BT94 4LF Trustees Mr Ivan Ketyle Mrs Lorna Arnistrong Mr Edwin Morrison Mr James Arn]strong Mr Harold Nelson Mr Menyn Nelson Mr Joseph McAlpine Mrs Lorraine Graydon Mr Ivan Arn]strong Mr Edward Whittaker Mr William Loane Mr Adrian Richardson Mrs Pearl Howe Mr David Graydon Mr Alan Morrison Mr David Hull (Appointed April 2024) Principal OffIee-bearers Clergy: Church Treasurer: Church Secretary: Church Warden - Clergy: Church Warden - People Revcrcnd Lindsey Farrell Mr Edwin Morrison Mr Ivan Ketyle Mr David Graydon (Mr David Hull from April 2024) Mr Alan Morrison (Mr Joseph McAlpine from April 2024) Mr Adrian Richardson Mr Edward Whittaker Glebe Warden - Clergy: Glebe Warden- People: Independent Examiner Hassard Mcclements Limited 32 East Bridge Street Enniskillen County Fcnnanagh BT74 7BT Bankers Ulster Bank 16 Darling Street Enniskillen County Fernianagh BT74 7ER Santander 4 Church Street Enniskillen County Fernianagh BT74 7EB Progressive Building Society 33137 Wellington Place Belfast County Antrim BTI 6HH
MAGUIRESBRIDGE CHURCH OF IRELAND TRUSTEE'S ANNUAL REPORT ST FOR THE YEAR ENDED 31 DECEMBER 2023 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 2023. 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 Chur¢li of Ireland the whole mission of the Church, pastoral, evangelistic, social and ccumenical. Being open to and cngaging with society, as a whole and offering support for those needing help are fundameiital to the practical delivery of tlie beiiefits of Christianity. As a result of activity in pursuit of tlie 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 Vestry of Maguiresbridgc Church of Ireland. Achievements, Performance and Public Benefit Maguiresbridge Church of Irelaiid fulfils its purposes in the support and advaiicement of the Christian religion through weekly services, inclusive of Holy Communion, Morning Prayer, Family Services, Contemporary worship, additional services (evening) and those of the churches calendar year at Easter, Harvest and Christmas. Services 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, residential and nursing homes and the provision of home communion to the sick, 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 others. The Trustees, (who have a responsibility for the upkeep of church property, Church, Graveyard, Rectory and Parish hall), continue to carry out remedial r¢pairs 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 religion, and meets the Public Beiiefit requiretncnt. Maguiresbridge Church of Ireland, have through the implementation of the Church of Ireland Safe Guarding Trust, mitigated the potential for harm from its activities. Financial Review 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.
Maguiresbridge Church of Ireland had an cxcess of receipts over payments of £6,819 for the year ended 31 December 2023. Maguiresbridge Church of Ireland continues to be in a healthy financial state as at 31 December 2023 with total cash funds of £155,587. Maguiresbridge Church of Ireland aims to retain sufficient reserves 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 2023 can be signed off as a going concern. Structure. Governance and Management Governing Document and Constitution of the Charlty Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vesty members are the Charity Trustees. 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 elsewhcre but have been accustomed members of the congregation for at least three months, may register as members of the General Vestry of tlie Parish, allowing them to attend and vote at meetings of the General Vestry and to stand for election to the Sclcct Vesty. 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 Vesty 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 tern]s, which may bc served. Diocesan Assessment The Diocesan Assessment is £45,150 (2022: £22,165). Organisational Structure Select Vesty is responsible for the day-to-day management of the Parish. The Select Vestry consists of the member of the cl¢Tgy serving in the Parish, the Church Wardens, the Gl¢be Wardens and generally not more than twelve other members of the General Vestry elected at the General Vestry. 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 itnportance to the Parish including deciding how Parish funds are to be applied. The Select Vesty 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 Church Wardens.
Compliance with Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public b¢nefIt to ensure that the activities entered into during tlie year have helped to achieve tlie Parish's objectives and activities, as wcll as providing public bencfit. Statement of Trustees, Responsibilities The Trustees arc 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 asscts 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 Reverend Lindsey rrell Mr Edwin Morrison Date:
li MAGUIRESBRIDGE CHURCH OF IRELAI¥D INDEPENDENT EXAMINER'S REPORT TO THE CHARrrY TRUSTEES OF MAGUIRESBRIDGE li CHURCH OF IRELAND We report on the accounts of Maguiresbridge Church of Ireland for the year ended 31 December 2023, 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 tlie preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008, the Charities Act (Nortliern Ireland) 2013 and thc 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 under 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 and our examination was carried out in accordance with the general Directions given by the Charity Commissioii for Northern Ireland under section 65(9)(b) of the Cliarities Act (Northem 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 charity trustees concerning any such matters. Our role is to statc whether any material matters have come to our attcntion giving us cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ircland) 2008. 2. That the accounts do not accord with those accounting records- 3. That the accounts do not comply witli the accounting requirements of the Charities Act (Northern Ireland) 2008- and 4. That there is further inforniation 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 connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. HASSARD MCCLE TS LIMITED CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS 32 East Bridge Street Enniskillen County Femianagh BT74 7BT Date:
MAGUIRESBRIDGE CHURCH OF IRELAND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Funds Funds 2023 2023 Total 2023 Total 2022 Recei Donations and Plate Collection Proceeds from Fundraising Events Bank and Deposit Interest Investment Income Rental Income Grants Other Receipts Total Recei 47,193 3,830 880 894 10.879 2,212 49,405 3,830 880 915 10,879 48,940 8,378 519 866 9,753 2,840 9,206 80,502 21 17.733 81,409 1,045 3,278 18,778 84,687 ments Diocesan Costs l Assessment Church Running Costs Rectory Costs Hall Costs Independent Examiner Fee Charitable Donations Fundraising Costs Bank Charges Insurance Other Propety Expenses Electricity Sunday School Sundry Equiptnent Total Pa ments 45,150 3,586 3,656 7,640 1.025 669 582 45,150 3,586 3,656 7,640 1,025 2,881 582 22,165 7,858 7,459 5,083 1,000 5,963 2,212 233 3,928 2,482 2,938 574 2,761 432 77.868 214 3,028 3,986 7,476 869 5.186 3.928 2.482 2,938 574 2,063 432 698 74,958 2,910 70,287 Excess / (Deficit) of Receipts over Payments for the year before transfers Transfers 6,451 368 6,819 10,215 Excess/ (Deficit) of Receipts over Payments for the year 6,451 368 6,819 10.215 On behaifof the Trustees Reverend Lindsey Far Mr Edwill Morrison Date:
MAGUIRESBRJDGE CHURCH OF IRELAND STATEMENT OF ASSETS AfiD LIABILITIES AS AT 31 DECEMBER 2023 Unrestricted Funds 2023 Restricted Funds 2023 Endowmen Total Total 2022 2023 2023 Cash Funds Current Accounts 73,879 78,277 152,156 3,430 77,310 78.277 155,587 70,958 77,810 148,768 Deposit Accounts Total Cash Funds 3,430 Investment Assets Investments 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 Other Propety Total asset5 retained for the Parish's own use On behalf of the Trustees Reverend Lindsay Farr Mr Edwin Mo rison Date: s/./..
MAGUIRESBRIDGE CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Aceounting policie5 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 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. b) Statement of Assets and Liabilities i) Assets retained 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 Heritage as5et5 as defined by the Charities SORP (FRS 102). These Heritage assets are not included in the Statement of Assets and Liabilitie5 as inforniation on the cost or valuation 15 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 been provided on these buildings as the current estimated residual value is not le5S than its carrying value and the remaining useful life currently exceeds 50 years. The Church Hall was built in 2003 and wa5 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 estimated residual value is not less than ivs carrying value and the remaining useful life currently exceeds 50 years. ii) Investments Fixed asset investments which comprise of investments in RCB Unit Trusts are recorded at cost. Value at beginning of the year Increase in value during the year Value at the end of the year 40,739 1,224 41,963
IVIAGUIRESBRIDGE CHURCH OF IRELAfqD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 DECEMBER 2023 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 148,768 84,687 (77,868) 155,587 3. Funds of the Parish At Incoming 01.01.2023 Resources Outgoing Resources At Transfers 31.12.2023 Endowment Funds Bequests 20,922 20,922 20,922 20,922 Restricted funds Donations Friday Club Fund Indoor Bowling Club Fund Badminton Club Fund 2,212 (2,212) (249) (449) 680 2,220 162 431 2.835 164 3,430 1,064 3,062 3,278 (2,910) Unrestricted funds General Fund 985,665 985,665 81,409 81,409 (74,958) (74,958) 992.116 992,116 Tot81 funds 1,009,649 84,687 (77,868) 1,016,468 4. Collection for Third Parties No collections were made on behalf of third parties. 5. Transactions with the Trustees The parish paid expenses of £3.656 relating to the running of the glebe house which 15 occupied by the rector. No trustee received any remuneration or reimbursement of expenses during the year.