MAGUIRESBRIDGE CHURCH OF IRELAND TRUSTEES, ANNUAL REPORT AND STATEMENT OF RECEIPTS AND PAYMENTS AND ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER: 105484 HASSARD MCCLEMENTS LIMITED CHARTERED ACCOUNTANrs AND REGISTERED AUDITORS 32 EAST BRIDGE STREET li ENNISKILLEN COUNTY FERNIANAGH BT74 7BT MAGUIRESBRtDGE CHURCH OF tRELAND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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 ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Name.. Maguiresbridge Church of Ireland Charity Registration Number: 105484 Contact Address: 15 Drumgoon Road Enniskillen County Fennanagh B T94 4LF Trustees Mr Ivan Kettyle Mr David Graydon Mrs Lorna Arn]strong Mr Adriaii Ricliardson Mr Edwin Morrison Mr Edward Whittaker Mr James Armstrong Mrs Lorraine Graydon Mr Harold Nelson Mr Mervyn Nelson Mr Joseph McAlpine Mr Ivan Annstrong Mr William Loane Mrs Pearl Howe Mr Alan Morrison Mr David Hull (Appointed April 2024) Principal Office-bearers Clergy: Churcli Treasurer: Churcli Secretary: Church Warden - Clergy: Churcli Warden- People Reverend Lindsey Fa￿¢11 Mr Edwin Morrison Mr Ivan Kettyle Mr David Graydon (Mr David Hull from April 2024) Mr Alan Morrison (Mr Joseph McAlpine from April 2024) Mr Adrian Ricliardson Mr Edward Whittaker Glcbc Warden - Clergy: Glebe Warden- People: Independent Examiner Hassard M¢Clements LimÈted 32 East Bridge Street Enniskillen County Fern]anagh BT74 7BT Bankers Ulster Bank 16 Darling Street Enniskillen County Fennanagh BT74 7ER Santander 4 Church Street Enniskillen County Fern]anagh BT74 7EB Progressive Building Society 33137 Wellington Place Belfast County Antrim BTI 6HH MAGUIRESBRIDGE CHURCH OF IRELAND TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31- DECEMBER 2024 The Trustees present tlie Annual Report and Statements of Receipts and Payments and Assets and Liabilities for Magulresbrld￿e Churcli of Ireland for the year ended 31 December 2024. Objectives and Activities The charitable purpose of the Cliurch of Irelaiid is the advancement of religion. The principal function of Maguiresbridge Church of Ireland is to support the advancement of the Christian religion by proinoting, tlirougli tlie work of Maguiresbridge Church of Ireland the wliole mission of the Church, pastoral. evaiigelistic, social and ecumenical. Beiiig open to and engaging with society, as a whole and offering support for tliose needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of actlVTty in pursuit of tlie advancement of tlie Christian religion, Maguiresbridge Church of Ireland has custody of property aiid of records, materials and artefacts of signifIcance to the cultural and religious heritage and maintenance of wliicli is undertaken by the Select Vestry of Maguiresbridge Church of Ireland. Achievements, Performance and Public Benefit Maguiresbridge Church of Ireland fulfils its purposes in the support and advancement of the Christian religion through weekly services, inclusive of Holy Comimunion, Morning Prayer, Family Services, Contemporary worship, additional services (eveiiing) aiid those of the churches calendar year at Easter, Harvest and Christmas. Services continue to see steady numbers with iiicreases at tlie seasonal scrvices aiid special services held. The Parish Offers pastoral care and assistance where feasible, to all witliin the parish family and those within the parish boundary, with visitations to Iiomes, hospital, residential and nursing homes and the provision of home communion to the sick, elderly and Iiousebound. Members of tlic parish fainily, including a iiuinber of thc present Trustees, are actively involved within the wider community - serviiig on Boards of Governors, witli the rector delivering assemblies on a moF]tlily basis. The Cliurch works closely witli the otlicr groupslorganisations and assists in supporting community events, led by the rector and otliers. Tlie Trustees, (wl)o have a responsibility for the upkeep of churcli property, Church, Graveyard, Rectory and Parish hall), continue to carry out remedial repairs to the surrounds of the parish church and rectory. The Trustees, also carried out routine maintenanc¢ to tlie 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 Benefit requirement. Maguiresbridge Church of Ireland, have through the implementation of the Church of Ireland Safe Guarding TrusL initigated tlie potential for harm from its activities. Financial Review The principal source of income of Maguiresbridge Church of Ireland continues to be from Donations and Plat¢ Collections. The priiicipal expense of Maguiresbridge Church of Ireland is in respect of payments regarding Diocesaii Costs/Assessment. Maguiresbridgc Church of Ireland had an excess of receipts over payments of £13,121 for the year ended 31 December 2024. Maguiresbridge Church of Irelaiid continues to be in a healthy financial state as at 31 December 2024 witli total caslj funds of £168,708. Maguiresbridge Church of Irelaiid aims to retain sufficient reserves to meet its expected fvture expenditure requireinents as well as poteiitial future capital projects. Going Concern The Trustees have reviewed its plaiined expenditure for the year ahead and are satisfied tliat there are adequate funds in place to ensure that the Parish can contiiiue its activities and the fiiiancial statements for the year ended 31 December 2024 can be signed off as a going concern. Structure, Governance and Management Governing Document and Constitution of the CharAty Cliapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Oroanisation. Tlie Select Vesty members are the Cliarity Trustees. Recruitment and Appointment of Select Vestry (Trustees) All Inembers of the Cliurch of Ireland who are over tlie age of 18 and are either resident within the Parish or live elsewliere but liave beeii 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 electioii 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 temis, which may be served. Diocesan Assessment The Diocesan Assessment is £41,319 (2023-. 45,150). 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 Cliurch Wardens, tlie Glebe Wardens and generally not more tlian twelve otlier members of thc General Vestry elected at the General Vestry. The Select Vesty is chaired by the Incumbent or other members of the clergy officiating in the Parish. The Select Vesty members are responsible for rnakiiig 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 fIx¢d by the meTnbers or by the Diocesan Synod. Special meetings Inay 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 benefit to ensure that the activities entered into during the year have lielped to achicve the Parish'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 iii accordaiice with applicable law and regulations. Tlie law applicable to cliarities in Northeni Ireland with Income of less than £250,000 requires the Trustees to prepare a Statemeiit of Receipts aiid Payments and a Statement of Assets and Liabilities for eacli financial year. The Trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactioi)s and disclose witli reasonable accuracy at any time the assets and liabilities of tlie Parish. They are also i'esponsible for safeguardin(F the assets of the Parisli and hence for taking reasonable steps for tlie preventioii and detection of fraud and other irregularities. Signed on behalf of the Trustees Reverend Lindsey F rrell Mr Edwin orrison Date: MAGUIRESBRIDGE CHURCH OF IRELAND INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF MAGUIRESBRIDGE CHURCH OF IRELAND We report on tlie accounts of Maguiresbridge Church of Irelaiid for the year ended 31 December 2024, which are set out on pages 6 and 7. Respeetive 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 Cliarities Act (Northern Ireland) 2013 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. It is our responsibility to: Examine tlie accounts under section 65 of the Charities Act (Northern Kreland) 2008. Follow the procedures laid down in tlie 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 exainiiied your charity accounts as required under section 65 of the Charities Act (Northern Ireland) 2008 aiid OLir examination was carried out in accordance with the general Directions given by the Charity Coinmission for Northerii Ircland 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 accounls presented with those records. It also included consideration of any unusual items or disclosures in tli¢ accounts, and seeking explanations from you as charity 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 a￿OrdanCe with section 63 of the Charities Act (Northern Ireland) 2008. 2. Tliat the accouiits do not accord with those accounting records. 3. Tliat the accounts do not comply with the accounting requirements of the Charities Act (Northern Ireland) 2008. and 4. That there is further information 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 Iiave completed our exainination and have no concerns in respect of the matters (l) to (4) listed above and, in connection witli following the Directions of the Charity Commission for Northern Ireland. we have found no matters that require drawing to our attention. HASSARD MCC MENTS LIMITED CHARTERED ACCOUNTAINTS AND REGISTERED AUDITORS 32 East Bridge st￿et Enniskillen County Fernlanagh BT74 7BT Date: MAGUIRESBRIDGE CHURCH OF IRELAND RECEIPTS AND PAylI￿NTs ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrieted Restricted Funds Funds 2024 Total 2024 Total 2023 2024 Recei Donations and Plate Collection Proceeds from Fundraising Events Bank and Deposit Interest Investment Income 47.712 7,922 1,178 970 810 48.522 7.922 1,178 1,018 12,685 12,464 83,789 49,405 3,830 880 915 48 Rental Income Other Receipts Total Recei ts 12,685 11,667 82,134 10,879 18,778 84,687 797 1,655 ments Diocesan Costs / Assessment Church Running Costs Rectory Costs Hall Costs 41,319 4,586 3,922 3,016 1.024 2,499 45,150 3,586 4,586 3,922 3,016 1,024 1,689 7,640 1,025 2.881 582 233 3,928 2,482 2,938 574 2,761 432 77,868 Independent Examiner Fee Charitable Donations Fundraising Costs Bank Charges Insurance Other Property Expenses Electricity Sunday School Sundry Equipment Total Pa ments 810 229 3,920 2,652 3,685 902 2,466 229 2,652 3,685 902 2.914 448 69,410 1,258 70,668 Exeess l (Deficit) of Receipts over Payments for the year before transfers Transfers 12.724 397 13,121 6,819 Exce551 (Deficit) of Receipts over Payments for the year 12,724 397 13,121 6,819 OD behalf of the Trustees Reverend Lindsey Farr Mr Edwin orrison Date: 22 MAGU1RESB￿DG￿ CHURCH OF IRELAND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 Unrestricted Restricted Funds Funds Endowmen Total Total 2024 2024 2024 2024 2023 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 86,135 78,746 164,881 3.827 89,962 78,746 168,708 77,310 78,277 155,587 3,827 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 Other Property Total assets retained for the Parish's own use 405.237 265,000 169,722 839,959 405,237 265,000 169,722 839,959 405,2J7 265,000 169,722 839,959 On behalf of the Trustees Reverend Lindsay Far Mr Edivin Morrison Date: 22 MAGUIRESBRIDGE CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting policies Set out below are the principal accountino 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 Buildints and Graveyard Rectory and Parish Lands Church Hall - Other Property The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS 102). 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 Rectory is recognised at deemed c05t, 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 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 estimated residual value is not less than it's carrying value and the remaining useful life currently exceeds 50 years. li) Investments Fixed asset investments which comprise of investments in RCB Unit Trust5 are recorded at cost. Value at beginning of the year Increase in value during the year Value at the end of the year 41,963 776 42,739 MAGUIRESBRJDGE CHURCH OF IRELAfiD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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 155,587 83.789 (70,668) 168,708 3. Funds of the Parish At Incoming 01.01.2024 Resources Outgoing Resources At Transfers 31.12.2024 Endowment Funds Bequests 20.922 20,922 20,922 20,922 R￿trIcted funds Donation5 Friday Club Fund Indoor Bowling Club Fund Badminton Club Fund 810 335 507 (810) (66) (382) 431 2.835 164 3,430 700 2,960 167 1,655 (1,258) 3,827 Unrestricted funds General Fund 992,116 992,116 82,134 82,134 {69,410) (69,410) 1,004,840 1,004,840 Total funds 1,016,468 83,789 (70,668) 1,029,589 4. Collection for Third Parties No collections were made on behalf of third parties. 5. Transaction5 With the Trustees The parish paid expenses of £3,922 relating to the running of the glebe house which is occupied by the rector. No trustee received any remuneration or reimbursement of expenses during the year.