MAGHERACULMONEY CHURCH OF IRELAND ANUAL 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 Ad1111$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 advCeMe1]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 Pi1b1]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 IStee5 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 pldelit 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 aWe 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 Ol¢e, and a resolutioii ¢oiicemiiig thvu. i'cappointsnent will be proposed at Ihe Ai]llual Easter Vestry Mecting. On Behalf of tlie Tistee 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 pliCular 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¢ parSh 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 aVeY1d 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&Sred 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$ets kt 31 December 2022 133841 68?27 13)841 2(11425 45884 69{) j2 143219 (54131) 492581 154131) 245272 247309 16. Fuiids of tlie Pari.¥h Disposal ol Asset At 1.01.2022 Income F.xpen¢Jiture Tr&nsfers At 31.12.20?z I ndowment Dooiian Trust i oooo 10000 Restricted I'unds Biiilding Flind c.harity fund 235742 12747 12294 2)041 (1233) (12?44) (13477) 247256 235745 247309 Unre5trirled fund.$ 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 paLi1t 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