MAGHERACULMONEY CHURCH OF IRELAND
A￿NUAL REPORT AND fiINANCIAL STATEIWIENTS
FOR THE YLAR LNDED 31 DECEMBER 2022
CHAIUTY NUMBER: 105485
HASSARD MCCLEMENTS LIMITED
CHARTERED ACCOUNTATi,TS
ALYD
REGISTERED AUDITORS
32 F.AST BRID(-,E STREF,T
ENIY¥S.KILLEN
COUTr4TY FERMANAGH
BT74 7BT

MAGHERACULMONEY CHURCH OF IRELAIYD
ANI4UAL REPORT AND FINANCIAL STA TEMENTS
FOR THF. YEAR Ets'DED 31 DECEMBER 20??
CONTENTS
Refei"ences aiid Ad￿1111$1[atjve Details
Ti'LlStces' Aiuiual Repoil
Ii)dcpendciil fxaminer's Report lo the TnJst¢es
Slaleinenl of Finaiicial Activities
Sialeinen¢ of Fii)ancial Position
Slal¢mciil of C,a81i Flows
Note.8 to Il)c Financial Slatenieiits
9-17

MACfHF.RACULMONEY CHURCH OF IRELAND
REFEREEN'CES AND ADMINISTRATIVE DF.TAILS
FOR THE YEAR ENDED 11 DECEMBER 2022
Cl)arity Naine..
Magl)eraculiiioncv Church of Irelaiid
Cliarity Rcgi.8lralion Nuiiiber..
105485
Coiiiact Addrcs.%-.
22 Arde55 Road
Tullii<iglug
County Feimiaiiagli
BT93 INX
Trvslees
Rev F Rulledgc (Sick leave Iroill May 2021)
MJ Gcrald Kjiox
Mr Gleiin Joliiistoii
Mrs Fioiia Hai'vey
Mr David MoiT(FW
Mr Alaii Ci'clwtord
Mi's Louie Lce
Mrs Fi'aiices Speiice
Ir Sydiiey Liggeti
I's Rutli Farrell
Mr Alan Speiice
Mi- Joiias ￿l0X
Mr Robeil Mccurry
Mr Peter Bootli
Mrs Tai?ya McKeevei'
Miss Irene l(nox (Resigiicd 20111 Api-il 2022)
Mrs Pat Robiiisoii {Appoiiited 20, April ?022)
rs Jill Paikii)soii {Appoii)ted ?O' Api il 2022)
Principal Offtee-bearers
Clergy:
Cljui'ch Ti"easure¥'.
Honorary SLci-elai'y'.
Cliui'cli Warden - Clergy-.
Cliiii'cli W<lrdeii
People:
Glcbc Wardci) - Clcigy-.
Gleb¢ Warden - People..
Rev Francis Rutledgc l Rev Abi'Éiliai)I Sloi'ey
Mrs Tanya McKeevei'
Mr5 Ruth Fari'ell
Mr Sydn¢y Liggelt
Mr Robert Mccuriy
Mi. A lan Crawford
Mr Gle1￿ Johnston
Independent F.xaminer
Hassard McClciTJeiils Limited
32 East BridEe Street
Enniskillen
Counts, Fem]ai)agh
BT74 7BT
Baiik¢r5
Daiiqke B2nJc
5-7 M<irkei Sii'ccl
Oniagli
County T￿-0]le
BTI8 IBN

MAGHEI RACULIIIOE4EY CHIJRCH OF IRELAND
TRiJSTEES' ANf4lUAL R£1 PORT
riOR THE YEAR EII'DED 31 DECEMBER 2022
Tlie (i'uslees pr¢sciit Ilie aiii)ual report oiid accouiits for Maghei'aculnioiicy Parisli for the yeai. ciidcd 31
Deceinbei. 2022.
Objectii'es and ALtivitics
Tli¢ chai'ilable PULF05e of tlie Cliurch of Ireland is tl)e adv￿CeMe1]t of the Christian faitli.
Tlie principal fuiictton of MagheiaGulinoney PaTisb is to suppoit thc advancement of the Christian religion by
pIDniotiiig, tliroiigh the woi'k of Magbcraculiiioncy Pai"is1i, the whole IiiiSSLOlI of the Cliuycli, pastoial,
cvang¥elislic. social ￿ld ccuincnical. Beiiig opeii to, <ind engagiiig with socicly As a whole aiid offei.ing
support for those iiecdiiig Iiclp arc fiiiidainenlal lo the practical del ivcry of tl)c bciicfil.% of Christianity.
As a TC.4uIi of acl ivity iii Ili¥ PilFSLiiI of tlie advaiiceiJent of Ilic Clirisliaii religioii, N4agl)ei'aculin051ey Parisli
lias cu.stody of pi'operty and of Fccords, malcrials and artefacts of .8ignific311ce lo tlie cultUi-<il aiid religious
heritage aiid Inaiiilenaiice of whicli is uiideFl&keD by tlie Select Vesli'y of M&igliei-aculinoiiey Parisli.
Achievcnients, Performance & Public Beneflt
During tlie yeor 2022, activitie5 rctiiDied, lo Inore c105ely reflect those befare Ilic c.ovid paiidcinic. as the
y¥ai- progressed. Tlie Suiiday iiioi'iiing .scrviccs iii tJ)e pal'is11 church ol Si. Maiy'E, aim to iiui-IuTC, SUPPOrt
aiid develop the Christiaii faitli ivithin ilie congregaliou.
LifL Groiips inet agaiii Iliroug11 2022. The life gTOUPS uiidertakc woi'shii), bible study, prayer and fcllowsliip
tooether, ciicouraging oDtre3cli ol love and cal'e iiito the widcr cominuiiity.
The regulai. activitics ()f the parisl) are aiined at ciigaging with all age groups. Childrcn'5 church for 3-14
years old ro seek to providc age appTOPI'late bible teaching to Ilie ehildren, ￿]d a foundation based oil
Cliristiaii values, youth clubs and youtl) 12fe groups supportiiig tliosc ftoin I l years old up. Fi'ieiids in tlie
Af'tLI'nooiJ providing social activities for our seiiioi. community and Motlier.q Uiiion for tlie ladies seeking
siniilcir inclusioLI. Tliesc Eroups mel throughout 2022. Our n)uins aiid toddlci-%' group, lo siii)port parciits iii
IhL widei. coiiiiiiiii)itv. has yet to i'cstart siiice the Covid 19 paiidemic.
The pal'ish ¢i)gagc.s Hiith Ility widcr coininuiiily througli its oulreacli in the Pai'isli C'.eiilrc, liiQing iii willi Ilie
Foui)iaii) Ceiiti'e aiid ilic Courthouse Kcsl) Ltd. Ii) Il)e Fouiilaiii Centie, Ilic gi'oLIPS u%ing Ilic facilily inc.liide
Scouls. Guides aiid Rangers, Tlie Fountaiii Youth Clllb. Youtli Life Groiips aiid Badmiiiton Club. All except
tbe latter, are for cliildreii or young adults, giving thcin the opportuiiily lo rneet to develop educarioiiklly,
physically, 5Plfitually ￿ld Éli doing so enablc c()nimiinily growtli. The Badtniiiloii Cliib is opcn to all age
group.8 in tlic coi]uiiuiiity. WitliiLI tlie Fouiitain Centre are offices foL" Ilic adiiiinisti'alioii 4iiid youtli work
spect of pari811 life Nvhere oiic inembeT of slaflis sed.
Tliroiigh ils liiik willi The Courthouse ICLSI) Lid tlie pai.isli M'orks will) ils niembcrs iii a ranoe of seivic&
iii¢ludinu a loodbaiik, befi-ieiiding and self-hLlp for all iii tlie cnnimunily, fiiiaiicial Iiianagcineiil iii
conjiiiiclioii with Chiistians Agaiiist Poverty, healtli and well-bciiig services twice wcckly. pi'ograiT]s foi
rarming finiilies. facilities to suit a craft group and local oi'ganisalions aiid cafe dTOP-iii for 011 rwuiring
snack food. During IIIL pei'iods of closure, 511PPOrt 5crvices have contiiiucd to be pi-ovided, aloiig with tlie
dcliveiy of on-liiie healtli and well-bciiig classes.
As tlic church and pari.sh Lcntre are located soine two miles from Kesh, the Fountaiii aiid Courtliouse centres
are Inore ceijlrally located. Inore ea%ily acccssible and al'e all well equipped lo facililaie oiilrLdch. 'fhis
objective fits well willi tlie parisli vision of loving QTod, loving each otlici. aiid loviiig Iliosc oulsidc Ilie
cliurcli.

Financial Review
Tlii'ougli frccwill offeriiig the Pi￿1b1]I01]er5 conliiiue 10 SUPPOli the parisli fiiiaiicial ly.
The trustees policy oil resei-ves is to ei)sure tl)at all niini51ry needs are Liiet and rc.seTves ar¢ u8ed at tlic
earliest oppoi'luiiity.
Going Concern
The ttustees liave reviewed tlie budgets for Ibc ycar aliead ai)d are satisfiLd tliai thei'e al-e ¢idequale fuLlds iii
place lo cnsui'e tliat tlie Paiish Gan coiitiiiue its acLivitiCS dnd the fiiiaiicial stateLneiits for Il)e year end 31
Deoembcr 2022 can be signed off as a 8oiiig concern.
Structure, Governance alld Management
Govcriiing Dociinieiil ftiicl Conjfiliilioiz of Ihe Cliftrily
C.liaptci' 111 of tlic Coiislilulioii of ihe (-Iiiirch of Ircl4iiid goverLlS Pari.£lic5 aiid Pdi-ocliial Oi'gaiiisatioii. Tlic
Seluct Vcslry inembers al'e thc Cliarily Trustees
RLicruilnieiii t711dAI)poiiilnzenl of Selec'l Ve,Flry
All Incmbrrs of Ilie Churcli of Jrelaiid who arc ovcr Ilie age OF 18 and are eiihcr r¢sideLIt witliiii the parish or
live clsewlici'e but liave beeii accusto.med InembLrs of the congregalioii foi al le<1St IlLrce imoi)ths, Inay
I'Lgislei' as nieimbers of tlie G¢nei'al Vestry of tlie pari81), allowing Ilieni lo allend aiid vote al meetings of Ilic
Genei'al Vestry and to sland foi. election to the Selecl Vesliy. Meeiiiigs of tlie Geiiei'al Vestry arc held a(
Ica.%l oiicc & yeai". Tlie Selcct Vesli'y is eleclcd a4 parl of Iliis Geiiei'al Vesiry inecling. Tlie Select Ve511'y ivill
liold thcii. positions for a pci'iod of oiic year. Seleci Vesfry ineimbers Lllay be I'e-clcctcd aiinually and tlici"c is
iio liiiiit on tlic number of leiin5 whicl) may be seiv¢d.
Pay and remuneration
The ii)ciimbent (aiid curate if I when appoiiitcd) each receive a stipend iii accorddnce with figuTQ% approvcd
by tlic Gei)ei-al Synod of the Cliui'ch of Irel¢Jiid aiid details of ulfice and locomotory alloww)c¢.
OIxiinisnlx()iiiil Siriicliire
Tlic Sclecl Vesliy Is respoiisible tor tlie day-to-day mai)ageinent of IliL P<irisli, 'fhe Sclecl Vestiy C011518ts of
Llie Inember of tlie clerEy sei'viiig iii Ilie Pdri%h. any cuiate as5iSt&iit ("Ihe curate"), thc cliurch wardens. Ilie
glcbe wardciis and genei'ally not niore tlian twelve otlicr LT)cinbcr5 of the CTeiieral Vestry eleclell ai the
CJcncral Ve.8tiy.
Tlie Sele¢l Vestry is chaired by tlie iiicuinbeijt or other metnbei. of the clergy orriciatin¥ in Il)c parish. Selccl
Vesliy mcinbcrs are i-espoii%ible foi- Irjakiiig decisions oil inallers of geiicral conccrii and iinpoitaiic¢ lo tlie
pai'isli iiicludiiig decidiiig l)ow parisli fund8 arc to be applied.
Ti)e Select Vestry Ineets at tinies fixed by tiie Ineinbers or by the Diocesaii Syiiod, Sp¢cial iiiectiiigs niay be
coiiveiied at aiiy time by Ilie cliairpeTSOii OT the churcbwai-dens. In 2022 Ilie Selcct Vesti'y Inet Six liin¢s
duriLig ihe year. Atlendaiice at five of these meetings was iii excess of 85 %.

Statement of Trustee.s' Responsibilitie5
Tl)e Iiusleeb al'e respoi)sible for prepariiig tlie Tii]stces' Report aiid tI)e financial statemcijts iii accordai)ce
witli applicablc law and regulatioils.
Tlic law applicable to charities in tlie Norilieni Irela1￿ requii'es ttie trustees to prepare finaiicial statements
for each financial ycar. Undei. tliat law the I￿Stee5 have prepared tbe finaiicial statemeiils in uccoi'daiice with
Gciieiilly ALLLpled Accouiiling Praelice iii tlle Uiilled Kingdoni (accounting stalld￿.d.S issued by Ihe
Fiiiaiicidl Reporting Couiicil iii tlic UK, inuliidiiig Charities SLIRP (FRS I O?) ' Accouiitiiig aiid Repoi'ting by
Clicirilies.. St1ren)eiil of RecoinmeiidLd PraLlice Jpplicablc lo chai'ilic.s pFei)aring Ilieir accoiinls iii accoi-daiicc
witli tlie. Financial Rcportiiig Siaiidard applie(tble iii Ilie UK atLd Republic of Irclaiid (FRS 102)" aiid
PFoinulgaled by the InsliliilL of CliarlLI"cd Accouiitanls in tlic United Kiiigdom aiid Uiiiled Kiiigdoiii Ldw)
Uiidci Ilial Idiv Ilic hustees mu51 not approve tlie finaiicial stateincnls unless tlicy arc satlsficd that Ilicy giive a
Irue and fair view of tlie state of the affaiis ol the cliarity aiid of Ihc slatemeiil of fiiianeial activities of tlie
cliaiity foi. tl)at peiiud.
In preparing these financial stcltei)ieiits. the trustees are required to..
select suitable accouiitiiig poljciLS aild Il)en apply Ihcm coiisisleiitly"
makc judgineiils and estimatcs that ale I"casonable and pl￿delit
sl(Ile wlicthcr thc fiiiancial 51ateinents liave beci) pi'ei)ai'ed in accordance with applicablc Accountiiig
Siaiidards aiid ideiitify tlic standards ILi qiiestloll, 5ubjccl to any nialerial departure5 beiiift di.s¢los¢d and
cxplaiiied in the fiiiancial Slalciiiclils. and
prcpare tli¢ finaiicial stateinents on the going coiiceni basis uiiless it 18 iuappropriate to presuinc Iliat tl)
Parish will continue as a going concern.
The trustees ale I'esponsible for keeping accouiiting records that ar¢ sufficieiit to 51iow 1¢ lid explaiii the
Parish's transactioi)s aijd disclose willi rc.asnnablc accijracy at Ic Ily tiime Ilic financial position of Ilie Pai'isli
lid ciiable Ihciii to ciisui'e tlial Il?e fiiiaiicial .8lalclliciits coinply willi IIIL Cliai-iliLS Act (Noi'ihci'ii Ii'elaiid}
2008, Ilie Ll)aril}' (AccoLiiils and Rcpoirts) Regulations (Nlorthei'n Irelaiid) ?008 aiid Ilie provisioii ol tlic
Conslitulioii of ihc Cliurch of Irelaiid. Tlicy are also T¢spDiisible foi. safevuai-di&iE rlic as8Ct.q of Ilie Parisli ai)d
lieiicc for takiiig reason&ble .stcps foi. the pi'evei)Iion und dclection of fraud aiid ollier irreg7ul<irilics.
StAtement as to disclosure to our independent exoininer
In so far as Ilie trustees are aW￿e ai the linic of ai)proviiig oui. trustees. anAual J'cpoit..
tlicre is no relevant iiifon)Jation of whicli (lie indepcndeiit exainiiier is uiiawai'e,. aiid
the ti'uslecs have takLli all Steps (lial they ought io liave takcii to Inakc Iliem.sclvcs aware of aiiy
i'elcvaiit inforInatioii &iid lo esl¥Jblisli that thc indei)endeni exainiiiei is awarc of tli&t infoiinalion.
J.Iidtpeiident Lxaminer
Tlic independciil cxatnintr, Hassard Mccleineiits Limited Iiave indicated 113cir willingiie8S to coiitiiiue in
O￿l¢e, and a resolutioii ¢oiicemiiig thvu. i'cappointsnent will be proposed at Ihe Ai]llual Easter Vestry
Mecting.
On Behalf of tlie Ti￿stee
Mrs Fi'ances Sptyiicc
Mi'5 Taiiya McKccvcr
Ih
Date-. 12 April 2023

INDEPENDENT IXAMINER'S REPORT TO THE CHARITY'fRUSI'EES OF
MAGHERACULMONEY CHURCH OF IRELAND
We rcpoit oli the accounts of Magl)era¢ulmoiiey Chui'ch of Ireland for the year elided 31 December 202?
wliich are sel out on pages 6 to 17.
Respective responsibilities of the charily trustees and Independent exaininer
As the cliai'ily's Irustees you are i'c.%poi)sible for the preparation of Ilie accouiils iii accoi'daiicc with Ilic
Cliaritic.s Act (Noi11iei'ii Jrelaiid) 2008, thc Cliai-itlC5 Act (Northerll li'eland) ?013 aiid tlie Ch81'ilies (Accounts
aiid Reports) Rcgulatioiis (Nortliern Irelaiid) 2015. I-lie charity's trustees coiisidci- tliat ali audit IS 1101 required
for this year uiider section 65(2) of the CharitiC5 Acl (Nortlien) Irclaiid) 2008 ¢ind that an indepeiidcnt
examinatioii is needcd. TIIE cliai'ily is preparing accrnal accounts. It is our. responsibility to:
Exaniiiic the accounts uiidei. 5eciion 65 of the cli￿.1t1es Aul (Nortliei'n Ii'eland) 2008,.
Follow tlie pi'occdure% 1¢2id down ii) tlie geiici'al Dircclioiis giveii by Ilic Cliai'ity Coiiiiniss1011 for
Noi'thcrii Ii"clatid uiidcr sectioii 65(9)(b) of t]ie Cliai"itlCs Acl (Nui-lherii Irel<iiid) 2008. aiid
State wheilier p￿liCular matteTS ha)'e come to our atl¢iirioLI.
Basis of independent examiner's report
We have ¢Aaiiiiiied youi ¢harily accouiits as required under se¢lioLi 65 of the Cl)arities ALI (Norihein ITelaiid}
2008 and our exaiiiillatioii was can'icd oiit iii accordaii¢e with the gencral Dircctioiis givcn by the Cliarity
Cominission for NortlieTn Irclaiid uiidcr seciioii 65(9)(b) of tlie Cl)ai'21ies Act (Northeni Jreland) 2008.
Our examiiidlion iii¢luded a rcvicw of Il)e acuounliii&i ie¢oi'd5 kept by tlic cliarity aiid a coinpari5011 of tlic
accouiits pi'esented willi Iliose r¢cords. It also iiicluded coiisideratioIi of any uiiusiial item5 or di5clo5w.es in
tlie accounts, aiid seeking expli( iiatioiis from you as cliai'ily Iiwstses concerni17g aLlV such Inxlteis.
Our role is to state whether aiiy material inatters have come lo oiir allention 8iviiig us cause lo believ¢-
l. Tliat accouiitiiig record5 were not kept in accord<111ce witli section 63 of tlie Charities Ac,1 (Nortlicrii
Ii'elalld) 2008.
2. Tl)ai Ilie accouLIt5 do Iiol accor(I with iliose aceoiiiiling I'ccords,.
3. Tl)at tlie accouLlts do iiol coinply M'i(h acc(Jui)tiiig requit'einLnls of tlie Cliaritie8 Act (Norihcrn Treland)
2008, ai)d
4. Tliai Iliere 15 Iiirtlier iiifon11atiOJl 17eeded for a propcr uiidei'staiidiiig of Ilie aLcouiils lo be reached.
Indepetldent Lxaminer's statement
We have ¢omi)leted our cxaiiiiiialioii aiid liave iio concLI"1i5 in respect of Ilie niattci"s { l ) to {4) lislLd above aiid,
111 LonncLtioii will) followiiig tlie nirecliun5 of the Cliarily Coiiirnission for Notthcni li-cland. w'e have found
i)0 inallers Ihat requii'e di'awing lo your attention.
IASSARD MCCLELMENTS LIMITED
CHARTERED ACCOIJNTANTS
AN.D REGISTERED AUDITORS
32 East Bridge Street
Couiity Feiinaoagh
BT74 7BT
Date.. 12 April 2023

MAGHERACULMONEI Y CHURCH OF IRELAND
TATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 3] DECEMBER 2022
Unrestricted Restrl¢i¢d
Fund5
2022
Funds
F.ndoiviMent
Total
Total
Note
2022
2022
2022
2021
ome
Donatlollsi £nd legac?cs
Othci. trading activitic
Invcoiintnl4
121153
25041
i 0000
156194
181623
16546
16546
11572
3654
1414
36)4
1414
3449
Chai'iiable acliki(ies
628
'lotal Income
142767
25041
ioooo
177808
197272
enditurc on:
Genei'iting Iijnds
Charitable activities
(206)
(109148) 1116503>
(28381) (?47671
(1377i5) {141?70j
(95671)
(28381)
{1242fi8)
(13477)
Other ¢0s1S
otal Ex
enditure
(13477)
Transfers b¢tiveen funds
Di5posg1 of assets
(900)
(900)
Net movemLsnl iii funds
17609
11564
5 0000
56002
Rcc(IIieiliatlon or funds-
Totlll funds brought forwai'd
217663
235745
4534011
397406
tal lund5 carried forsvard
235272
247309
ioooo
492581
453408

MAC.HERACULiviof4EY CHIIRCH OF IRELAIYD
STATEMENT or F1Tr4ANCIAL POSITION
AS AT 31 DECFMBER 2022
Note
2022
2021
¢ixed A5S¢t5
Tangitile fjxed assets
IniyesThnenrs
Total Fixed Assets
10
133841
131927
269652
?69652
403493
401579
Current Assets
Dcbrors
Cash aiid caqli equivalents
Total Current A55ets
12
28732
114487
143219
29078
112232
141310
Current Lixbililies
Crttditoi% - aiiioiiiit5 fallii)g due within oiie ycJi'
Bai)k overdidft and Io<l1)S
Total Creditors
13
53021
54131
88371
89481
Net Current a5set5
89088
51829
Total Nel .Jlssets
492581
453408
Tlie Funds of ilie Ptsri511
Unre5trict¥d Funds
Gcii¢r41 fujids
Restricted fi unds
I ndoiyment fiunds
Total Charlty Funds
16
235272
17663
16
16
247309
235745
i 0000
49?581
45340£
The notes on pagcs 9 to 17 are an integi'al put of these finaJ)ciAI .gtateineni8.
Tlic fiiianiial %iateii)¢iirs oil pages 6 to 8 wÈre appj'oved by the Boai'd of Ti'LlStees on 12th Api'il 2023
and sigilcd oil its behalf by..
Speft£e
Mrs Fraiic¢s Spense
Trubtc¢
Mi's 'fanya McKe¢vci'
TnistCL

MACHERACULMONEY CHURCH OF IRELAND
STATEMENT OF CASH FLONVS
FOR THE YFAR ENDED 31 DECEP+lBER 2022
Note
2022
2021
Casli floiys fi.otn operating 2Ctivities-
Net cash provided by (used ID) operatlnE aLtivitie¥
39173
56002
18
44Q35
76674
Casli flow5 fram invtsting activities..
Piircliase of piopei'ty, plaiit and equipnicnt
Disposal of Pi'opcrty, plai)t and e9LLipment
P4et cash provlded by (used in) Investing acrlvities
{8233)
1800
{6433)
(4337)
(4337)
Cash fioivs from ftinancii?g 3CtivitÈes:
R¢paymcnis ofbori'owiiig
Loan interest
(39017) (10784)
3670
Net cash provided by {uscd in) fininciThg activities
(35347)
(7000)
Cliange iii and cash equi%'alents in the reporting pei'iod
Cash antj cash equivalent5 9t tl)e beginning of the reporting period
Casli And ea5h equiv#lent5 at the eiid of the rept>rtiriE period
2255
65337
46895
1 ?2 j2
1?2.32
114487
19

MAGHERACUI.MOIYF,Y CFIURCH ofi IRELAND
NOTES TO THE FINAI¥4CIAL s'fATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
l. AccouTrtlng pollcies
I'he pi-IiiLipal accoLintiiig poli¢ics adoi)ted, jud&yein¢iits and ke)1 stsuiccs of csiiniation UliCbfi2ii)ty in the prcparArion of thc
tiiiancial 51alLments are as follokVS-.
a) Basls of prep&w&tion
Thc fiiiaiiGial staÉcinents have bcen i)repared on a goii)g concci'ii basis in accordance with ALcountiiio aiid Repoi'ting by
Chariiies: Staienient of RecoiThnended Practice applicable to chai"ities piepai.iiig iheii. accouiits in acGoi"daiice ivith ilie
Fii)ancial Rcponing Standard applicable in the UK ui)d R¥public of lj'elarid (FIIS 102)
(C.'haiitiCs SOIIP (FRS 102)).
the biiiancial Ilepoi'ting Standai'd applicable in thc UK aiid Rcpublic of Ireland (fRS 102).
Tl?e Pai'ish iiiccts tlie defsnition of a piiblic bencfit ciitity linder FRS 102. A.%5ets and liGbs1ities are inilially I'ccogniscd ai
histoiical Cosi aiid Iran58ction value uiiless otherwise stated in tl)c i'elevant accoiinting policy not¢(s)-
b) Prep4rlltion of accounts on A golng ¢oncern basis
Thc pniisli gcneially nieets il% day to dii y ivorkiiig capital i-CqLliI'cmcnlf froiii il.s annual incoine. The Ti'Ll£fCC.£ liaipe
obiaii)ed and r¢viewed cdsli flow fore¢Jsts lor tl)c ¢oxniiig yeai. Liiid based oi) the8￿ al'e sarisficd that thc Pari.fli ha8
i'csouices to piDvide a i'ea%on.Ible expectl£ tion tlial li can continue to meet its fiiianci<il obligatl01l5 Els thcy fall duc for Ihe
foi"esLeable tuiure. Thei'cforc, tlie5e financial staicm¢nrs h¢lVL be¢n prepllred on J going coi)cei'ii ba.4is.
¢) InLome
Plate collections, wcekly envelopcs and gravcyard incoinc are accountEd foi. on tt cash ieceipts b<lSiS a8 the ainoijnt is
collcclcd.
InGoJiie arising from the reiital of Parish CLnti'e facilities to third pariics 15 rccogi)Ised wlick) th¢ par￿Sh has enlitleincnt to
tli¢ fiiiids. any performancc conditir)ns atiachcd to the iiicornc have beeii n1et. it is probablc that thc 11)come will be
i'¢ceived and the ai)iount can be iiieasured Ieliably.
Incoin¢ fiDm goveri)iiient and otl)ei- graiit8. Ivhether 'capital' gi'ani8 01 rcveniie, grants, is recognised when th¢ charity l)as
¢niiileineiit ￿ the fund5, any pei'foiThallce ¢oi)diuons attached ¢0 rhc 81.ants havc be¢n iiiei, it is prvbable tliat the income
will be received at)d thc amount can be mcasured I'¢liably.
Donations aiid gitis in kin4J are brought into th¢ accouiils at thcii. fair valu¢ to the Pai ish.
dl Expenditure
ExpeF)ditiiie is I'ecogiii5ed once there is a legal oi. constriictive obligaiioi) tts niakc a payin¢ni tr) d ihird party, il is probalilc
that SLtileineni will be I'equired aiid tlic ainouni of Ihe obligation cart be Ineasiii-cd reliably.
Iri'ecoveiable VAT i¥ chAI'ged as a cost against the activity foi. which tlie exi)cndituJ'c ivas incui'i'ed.

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FII4ANCIAL STA TEMENTS
roll THE YEAR EIN'DED 31 DECEMBER 2022
e) Tangible nsstts
The dS.4els of the Parish coinpi'is¢'
Chui'ch buildiii&J lid grav¢yai'd
Paris1) Ceiitie
3 castle Manor
Fix(urcs and fittiiigs aiid equipnicnt
The Chuith building aiid ￿aVeY￿1d are deemcd iu bc Herita￿ as8et$ as defined by the Chai"ities SORP {FRS 102}. Tlicse
HcI-itage asseis al'e nol Included 011 the balan¢e sheet 28 ii)foi'matlOll 011 the cosi or iialiiaiion is not availablc and suth
inf02.1111llion L¢Lniioi be ohtziiiicd at a cost coiiyncnsuiatc with Ilie bLnefil lo ihe u4ers vf rhc zccoiiiits Hl)d to Ihe pari511.
The Paj-ish CciiLI-e 15 phy%iLally dttached tts the chiiF¢lI aiid af .such i.% noi sepai'able 2s an individual a.%s¢t. A.% siicli it is
dceincd ro bL a Herilage a5.set and nu value is a.%cribed 10 it in the balance slieLt as infoiiiiatioii oil the Cost or valuarion is
not avail3ble and siicli infoi-matioii caiinot be obtained al a cost c()mmcnsui"ate with tlie benefit to tlie iiscrs of the a¢coiinls
and to the pai'ish.
3 Castle Mtanor is i-Lcogniscd at Cosr and is depi'eciated on a sts'<2ight linc basis ovci. a p¢i'iod of 40 year5. The assets,
rcsidual valucs and Lis¢ful lives are i'evi¢wed. and Bdjvsted, if appi'opriate, al the end of ¢ach I'Epni'iiTrg period. The cffcci
of aiiy chaiige Ts acGoiintcd foi. pr05pe¢tively.
FixlLiirs, fillings and equii)niei)t i21-c rccogi)ised at cost and are depreciatcd on a Sli'aiglit 2inc basis ovei. a pcriod tsf l O
yeku's. Th¢ assets, i-e8idiial value% aiid iisethl lives arc J'evicwcd, and 11 dj{￿led, if appi'opi'iatc, at thc end of edch ieportii)g
pei'iod. Th¢ effect of ai)y clian8e is aecouiited for prospectively.
Tangiblc asscts are derecognis¢d on disposa] or wl)ei? no fiiture econoini¢ benefiLs are expectcd. Oll disposal, tlic
dilfcrence l)etweeii the new disposal proceeds and the carrying amoLllIt is reeogniscd in the .%t2c teineni of finai)¢ial
activities And included iii 'Otliei' opei'ating {lossc&ygains'.
l) Investmeiits
Fixed asset investiiicnES il'e iiiitially rccorded at COSI Llt each balance sheet date. IiivestiiieTIt.$ 111 Unquoled ii)ve5tinentS c11'e
rccoriicd at cost aiid are assessLd anniially for 2mpainnent. Unreali%ed gai115 and Iosscs Jepi'esent the difference betwcen
thc fair valuc ai the begiiining aiid end of thc financial ycai" or. iff piirchased in the y¢ai", tllc diffeiincc between eosl <ind
faiJ- valuc at tlie end of tl)c yeai..
g) Cash and ctt511 equivalerits
Cash und CQbh ¢quivalcn15 inclLides casl) iii hand, dcp051t5 hcld ai call witii banks and baiik oi'ci'di"afts.
h) Fir&ancial instrlln?ent5
ThL Pai'ish only has fiiiaiicial ass2ts and finèncial liabilities of a kind Ihat qualify as basic fiiicineial insli'uinent.s. 13asic
financial illsliwinenis al'e ii?itially r¢cogYi)is¢d at traiisactioii pi'icc and subseqiiently m¢asui-ed al Ihcii. sertleiiienl value.

MAGHERACULMONEY CHURCH or IRELAND
NOTES TO THE FINA￿'cIAL STA TEMENTS
FOR THE YEAR ENDED 31 DECEINIBER 2022
i) Funds
ijnds arc clas8ified as eirhei- I'estricied fuiids 01- uiirLstl'iLled fuilds, defined as followis.
Rcstrieted fiinds ale Cuiid5 5ubjecr to specifie I'cquircm¢iiis as to tlieir usc wl)i¢h 171iiy bL declai'ed by the doi?OJ' oi. Kiitl)
Iheii. aLlthoi'ity or ¢reclled Lhi'oiigli legal pi-ocesses, bill still witliin thc wid¢T objccts of the Pai'isli.
Unre5tii¢ited funds are cxpenddble at the diseretion of Ihe n"Iistces in fiii'therance of rhe objects of Ihe cl)1lrity.
2. Critieal aceoujiting judoements and estim*ti(>n uncertalnty
rsliindte5 aiid JudgeiileIlls iil<idc in tlic pi'ocess of Piipciring thc finaiicial 511È temeiits al'e contlllllcilly cvaliiatcd aiid arL
ba.%L3d on histoi'ical cxpcriente and other factol's. ii)cluding cxpe¢larions of futLirc events Ihar dr£ believcd io bc rc.soiiable
Linder tlie cii"eunisLances. The Tru5tccs do not considci Ihat there are any critlCl£ l judgcmeiits Inade in applying the
Pai"ish's accounting policics oi. Lhat ther¢ are any critical accouiiling estimatcs oi. assllll)ptions wl)ich Inay li<iVC a
sigiiificaiit ri.sk of causing a ii)at¢i-ial adjustsT]ent to ¢ariying llmQElllts of asscts aiid liabilities within the next financial ycar
3. Donntions gnd legacies
Unrestricted Restricted
Funds
iuiids
2022
bn(loivmeIil
2022
Total
2022
2022
2021
P12te colleciion.¥
Weckly eiivelopes l FWO
Tax i"¢covcred on dDnations
Donarion5 for charities
Gi'ants
Biiildiiig fund giviiig
Otliei.
1488
91369
24960
1488
i71
87722
255S9
17520
24077
15138
11206
181623
2496D
12294
12294
12747
12747
33i(I
121153
10000
i 0000
25041
156194
4. Other trading actlvities
Unrestricted Re5trScted
Fund5
ri und.
2022
2022
Total
2022
2021
Rentiils fi'om Pai'isli Ccntrc
Otliei. renial iiiconic
Auclion
980
5980
6070
5500
5500
.fj102
5066
Othei.
400
11572
16546
654()

MAGHERACULMONEY CHURCH OF IRELAND
T4OTES TO THE Fif4ANCIAL STATEIVI£4NTS
FOR THE YEAR ENDED 31 DECEMB.ER 2022
%. Investm¥Tht5
UnTe5tr?cted Restricted
Funds
2022
Funds
2Q22
'rrJtal
2022
2021
Diliidends received
3426
3426
3264
185
3449
Bank inierest
228
36S4
228
3654
6. Charitable activities
Unrestricted Restricted
Fund
Total
2Q22
2022
2022
2021
Magazint income
Grave y¢ird in¢om¢
579
579
835
335
628
1414
1414
7. An21y515 tsf Expenditure
Unrestricted R¢strieted
Fuiids
Fuiids
2022
Total
202?
2022
2021
Genei'ating Fuiids
Oih¢i'
206
20()
206
206
Ch3r&tablt Af tivitie5
Wages aiid salarie
Dioccsan COSTslas5C5smcnt
Church co.sLg
Glebc costs
Parish centre cosrs
Cyiavel'aid cosls
C.hw-iiablc donatioiis
Adiniiiistrati(Trn costs
11927
11927
10682
-$2763
53618
i3618
854()
8549
7982
9614
1682
14854
11)779
6749
9614
1682
2610
922
1233
648.5
1486
32776
419
1 ()503
12244
95671
13477
109148

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestrieted Rcsiricl¥d
li und$
Funds
2022
Tot41
2022
2022
2021
Othei. Costs
Visilil)b pi'eacher expenses
Fountain prograin
Siinday %chtsol 2nd Bible classes
Magaziiic and publicaiion exi)enditu¥e
Gifts
Special evcnt costs
Castlc ii)anoi' liouse
In%iii'aiioe
Independenr examincr fee
Web pag¢ Inaintenaiice
Siindry costs
Depi'eciati01l
Bank ch£1rges
Loan &nt¢rLSI
100
100
6000
6000
6000
512
1183
595
595
261
342
261
25U
1322
1322
17()6
1766
3318
1%60
1946
2573
1800
3318
1860
600
1519
-5418
600
600
1519
1704
5418
4775
768
3671
28381
768
3671
4.12
3783
28381
24767
8. Taxation
Maglieraculinoney Chui-rh of Ii'eland is recognised as H Lhariiy For the purpose of <?pplicable Idxatioii leL?i.%lation i< nd i
thei"¢fore not subjeci to taxation on its charitablc activities.
9. Analysis of staff c05t5, trustee remuneratton and expenJe.I, and the c05t of key mgnaecment personnel
EiiipldyeeJ'
2022
2021
Salai'ie5 and ivageb
Toral
11927
10682
111682
1927
Tlic avcrage numbci. of cmployees dui'ii)8 the yeai.. calculated on the bdbis ol-a head count, was as follows..
2022
lumber
2021
Nuinbcr
Administrdlion
Premises maintenan¢¢
13

MAGHERACULMONEY CHIIRCH or IRELAND
NOTES TO THF FINANCIAL STATF.f¥iETrITS
roR THE YEAR ENDED 31 DECEMBER 2022
k'Ly Ma17ageip7¥nl Ti'iiJLéÉ.¥
Key Inanagenienl Al'e dc¥in¢d io compi'ise the TrLiStee5. The pai'isl) paid expcnses of £7.982 I'elating the riinniiig costs of
rhe Glebe house which is occupied by ihc rector. No trustce receivecl any i'eniuncration or reinibui'seincnt of expcnscs
duriiig thc ycar.
A Tnist¢c i¢c¢ii'¢d £1 012 for lawiimower work dui'ing rli¢ year lo 315t Decenibcr 2022.
10. Tangibl¢ fixed xssCt&
Fixtures.
Fittings gnd
Equipment
3 C#5tlc
lanor
Total
Cost
At beginning of ycar
Addiiions
Di5pobal
At ¢nd of the yeit r
141639
12337
8232
(i¥oo)
18769
153976
8232
11800)
16Q408
141639
Depreclation
Accuinulated deprcciatioii
Depreciatioi) chaige Eor the yeai.
Depreciiltion disposal
At end of thc ycai.
17705
4344
1877
(900)
22049
3541
5418
19001
26567
?1246
5j?I
Nei book value al bcgiiiniiig of Ihc yeai"
Nbl book valuc at ciid ol. tlie ycar
123934
79(J3
131927
120393
13448
133841
I l. Itii'eslments
Listed
Otlier
lnveslmenls Investments
Total
Balaiice al b¢Lijiiiiin&y of tl)e yeai.
Addiiioiis dvriiig thc icar
Di8posals diii-iiig tlthe yeilr
Balaiice at eiid of the sJeo1-
72410
197242
269652
72410
197242
?()9ti52
Listed
Otl)er
Investments Investrneiits
Total
Value at beginning (If Ihe yeai
Unrcalised gaiT]IIL()ss) during the yeai.
V<Trlue at eiid of tliL yeai-
137S35
(l i074)
197242
i3)077
(150741
320003
14

MAGHERACULMONEY CHURCH OF IRF.LAND
NOTEI S TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECF.MBER 2022
Listed
Other
Investnieiits Inves(Incnt5
Total
Analysis of Investments
Other Lisred Inve8linents
Ini'c&Ltncii15 in tiB Unli Trusts
Odiei. unlisted ii)v¢6ttnenls
58224
58224
141116
14186
197242
269652
197242
197242
7241Q
12. Debtors
2022
2021
Sui?dry debtoi's
Oihei. debtors
Piypayincnl
5368
5336
21477
21477
1887
28732
2265
29078
13. C.redltors Arnouiit5 due withln l year
2022
2021
Accruals and oilier creditors
14. FinAncial instruments
Th¢ chui'ch lias thc followiiig fiiiancial insiriiin¢nis.'
2022
2021
Loan5 and receivables held at amortised cost
Cagh and casli equivalents
Siindry debior.q
Othei. I'eceivables
114487
1122)2
2(),813
2265
141310
26845
1887
143?19
ri"inaneial liabililies me&S￿red at 2mortised cost
Bank108ns 8Dd ovci'di'afts
AcGruals and oth¢i' creditors
i3021
88371
54131
89481
15

MAG
IL4CULMONEY CHURC.H OF IRFLAND
NOTES TO THE FINANCIAL STATEMENTS
FORT
E YEAR ENDED 31 DECEMBER 2022
15. Analysis of Net As5et5 8mong Funds
Unrèsti.IctÈd Restrieted
Totul
lryixed Assets
liivcslniciiis
Ciii'i'eiit Ass¢is
Cvi'rellr Liic bililies
Net xs$ets kt 31 December 2022
133841
68?27
13)841
2(11425
45884
69{) j2
143219
(54131)
492581
154131)
245272
247309
16. Fuiids of tlie Pari.¥h
Disposal ol
Asset
At 1.01.2022
Income
F.xpen¢Jiture
Tr&nsfers
At 31.12.20?z
I ndowment
Dooiian Trust
i oooo
10000
Restricted I'unds
Biiilding Flind
c.harity f*und
235742
12747
12294
2)041
(1233)
(12?44)
(13477)
247256
235745
247309
Unre5trirled fund.$
Geii¢ral Fund
217C)63
142167
1124258)
(900)
235272
Total lunds
453408
177808
(137735)
{900)
492581
Pui
se of EndD%vnie11t
DoonJn Tivsl.- This iq 2 T111511o bc used for the inaii?(ciiaii¢¢ of fvlr DDoiiaTr'5 par¢iil%' gTavE5
Pur
-%e% ofReslri¢ied Fiinds
Buildiiig FLEnd.. TliIs is a Fund lo bc uscd for pa￿￿Li1t foL' IMajoi' cliijrcli rcpair5.
chdl.ity Fund. Thi5 15 a Fund to be used fDr doi)ations 10 charities.
17. C(Jllectiott for Third Parties
No collecrioiis *ci'e 11)ade on bclialf of Thii'd Pai'lies.
16

MAGHEtL4CULMONEY CHURCH OF IRELAND
NOTES TO THE fINANCIAI. STATEiVIENTS
roR THE YEAR EPiDF.D 31 DECEMBER 2022
18. Reionciliatinn t)f i)et iDCL>me l (ekpeiiditure) to tllsh floiv from operaling a£tivities
2022
2021
P4et income l (exyenditiire) for the reporting period (as per the statemcnt of
linanLiiI activities
Adjustm¢￿tS lor:
DepreLiaiion chai'ges
Depi'eciarion on disposal
5417
(900)
4775
(Iiicreasc)Idecreas¢ iii debtors
InGieat•¢l{deci"ease) in crcditors
345
(1241
Net cash provided by (used in) operating a¢tivitle$
4862
19. .4n#l>$is of cash and cash equivaleiits
2022
2021
Ci¢ sh in hand
NoliLe dcposits (le5S that) JO days)
Total cash and cdsh equfftvaltnt5
114487
1 14487
12232
12?32
17