MAGHERACULMONEY CHURCH OF IRELAND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CHARITY NUMBER: 105485
HASSARD MCCLEMENTS LIMITED
CHARTERED ACCOUNTANTS
AND
REGISTERED AUDITORS
32 EAST BRIDGE STREET
ENNISKILLEN
COUNTY FERMANAGH
BT74 7BT

MAGHERACULMONEY CHURCH OF IRELAND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
References and Administrative Details
Trustees, Annual Report
Independent Examiner's Report to the Trustees
Statement of Financial Activities
Statement of Financial Position
Statement of Cash Flows
Notes to the Financial Statements
9-16

MAGHERACULMONEY CHURCH OF IRELAND
REFERENCES AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2023
Charity Name:
Maoheraculmoney Church of Ireland
Charity Registration Number:
105485
Contact Address-.
22 Ardess Road
Tullnaoluo
Kesh
County Femanagh
BT93 INX
Trustees
Rev F Rutledge
Mr Gerald Knox
Mr Glenn Johnston
Mrs Jill Parkinson
Mr David Morrow
Mr Alan Crawford
Mrs Louie Lee
Mrs Frances Spence
Mr Sydney Liggett
Mrs Ruth Farrell
Mr Alan Spence
Mr Jonas Knox
Mr Robert Mccurry
Mrs Tanya M¢Keever
Mrs Pat Robinson
Mrs Fiona Harvey (Resioned 2J March 2023)
Mr Peter Booth (Resigned 19 March 2024)
Mr Christopher Spence (Appointed 19 March 2024)
Mrs Gernma Spence (Appointed 19th March 2024)
Mrs Dtane Smith (Appointed 23 March 202) and resigned
191h March 2024)
Principal Office-bearers
Clergy..
Church Treasurer=
Honorary Secretary:
Church Warden- Clergy:
Church Warden - People..
Glebe Warden- Clergy..
Glebe Warden - People=
Rev Francis Rutledge l Rev Abraham Storey
Mrs Tanya McKeever
Mrs Ruth Farrell
Mr Sydney Liggett
Mr Robert Mccurry
Mr Glenn Johnston
Mr Alan Crawford
Independent Examiner
Hassard Mcclements Limited
32 East Bridge Street
Enniskillen
County Fernianagh
BT74 7B T
Bankers
Danske Bank
5-7 Market Street
Omagh
County Tyrone
BT78 IBN

MAGHERACULMONEY CHURCH OF IRELAND
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present the annual report and accounts for Magheraculmoney Parish for the year ended 31 December 202).
Objectives and Aetivities
The charitable purpose of the Church of Ireland is the advancement of the Christian faith.
The principal function of Magheraculmoney Parish is to support the advancement of the Christian religion by
promoting, through the work of Maoheraculmoney Parish, the whole mission of the Church, pastoral, evangelistic,
social and ecumenical. Being open to, and engaging with society as a whole and offering support for those needino help
are fundamental to the practical delivery of the benefits of Christianity.
As a result of activity in the pursuit of the advancement of the Christian religion, Maoheraculmoney Parish has custody
of propety 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 Magheraculmoney Parish.
Aehievements, Performance & Public Benefit
During the year 2023, activities continued to more closely reflect those before the Covid pandernic. as the year
prooressed. The Sunday morning services in the parish church of St. Mary's, aim to nurture, support and develop the
Christian faith within the congregation.
Life Groups met again through 2023. The life groups undertake worship, bible study, prayer and fellowship together,
encouraging outreach of love and care into the wider cornmunity.
The retrular activities of the parish are aimed at engaging with all age groups. Children's church for 3-14 years old to
seek to provide age-appropriate bible teaching to the children, and a foundation based on Christian values. youth clubs
and youth life groups supporting those from I l years old up. Friends in the Afternoon providing social activities for our
senior community and Mothers Union for the ladies seeking similar inclusion. These groups met throughout 2023. Our
mums and toddlers, group. to support parents in the wider community, has yet to restart since the Covid 19 pandemic.
The parish engages with the wider community through its outreach in the Parish Centre, linking in with the Fountain
Centre and the Courthouse Kesh Ltd. In the Fountain Centre, the groups usintr the facility include Scouts, Guides and
Rangers. The Fountain Youth Club, Youth Life Groups and Badminton Club. All except the latter. are for children or
young adults, giving them the opportunity to meet to develop educationally, physically, spiritually and in doing so
enable community
orowth. The Badminton Club is open to all age groups in the community. Within the Fountain
Centre are offices for the administration and youth work aspecl of parish life wh¢r¢ one member of Staff is currently
based.
Through its link with The Courthouse Kesh Ltd the parish works with its members in a range of Services including a
foodbank, befriending and self-help for all in the community. financial management in conjunction with Christians
Against Poverty, health and well-being services, programs for farn]ing families, facilities for use of local or(ranisations
and cafe drop-in for all requiring snack food.
As the Church and paTlSh centre are located sorne two miles from Kesh, the Fountain and Courthouse centres are more
centrally located. rnore easily accessible and are all well equipped to facilitale outreach. This objective fits well with
the parish vision of loving God. loving each other and loving those outside the church.
Financial Review
Through freewill offerincr the parishioners continue to support the parish financially.
The trustees policy on reserves is to ensure that all ministy needs are met and reserves are used at the earliest
opportunity.

Going Concern
The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate ￿ndS in place to
ensure that the Parish can continue its activities and the financial statements for the year end 31 December 2023 can be
sioned off as a goin(r concern.
Structure, Governance and Management
Governing Document aiid Conslitllllon oftlie Cliarity
Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry
members are the Charity Trustees
Recruilmenl aRdAppoinlmenl ofselecl Vaytry
All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live
elsewhere but have been accustomed members of the congregation for at least three months. may register as members of
the General Vesty of the parish, allowing them to attend and vote at meetings of the General Vesty and to sland for
election to the Select Vestry. Meetings of the General Vesty are held at least once a year. The Select Vestry is elected
as part of this General Vesty meetintr
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 ternis which may be served.
Pay and remuneration
The incumbent (and curate If / when appointed) each receive a stipend in accordance with figures approved by the
General Synod of the Church of Ireland and details of office and locomotory allowance.
Organlsallonal Siruclure
The 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, any curdte a551Stant ("the curate"), the church wardens. the glebe wardens
and generally not more than twelve other members of the General Vesty elected at the General Vesty.
The Select Vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select Vesty
members are responsible for making 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 time5 fixed by the members or by the Diocesan Synod. Special meetinos may be convened
at any time by the chairperson or the churchwardens. In 2023 the Select Vesty met 8 titne5 durints the year.
Attendance at 8 of these meetinos was in excess of 850/0.
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the Tru5tees' Report and the financial statements in accordance with
applicable law and regulations.
The law applicable to charities in the Northem Ireland requires the trustees to prepare financial statements for each
financial year. Under that law the trustees have prepared the financial statements in accordance with Generally
Accepted Accounting Practice in the United Kingdorn (accounting standards issued by the Financial Reporting Council
in the UK, including Charities SORP (FRS 102) ' Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102)" and promulgated by the Institute of Chartered Accountants in the United
Kingdom and United KingdoTll Law) Under that law the trustee5 must not approve the financial statetnents unless they
are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial
activities of the charity for that period.

In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
make judoments and estimates that are reasonable and prudent
slate whether the financial Statements have been prepared in accordance with applicable Accounting Standards and
identify the standards in question, subject to any material departures being disclosed and explained in the financial
statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will
continue as a going concern.
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 financial position of the Parish and enable them to
ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and
Reports) Regulations (Northem Ireland) 2008 and the provision of the Constitution of the Church of Ireland. 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.
Statement as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approvino our trustees. annual report:
there is no relevant information of which the independent examiner is unaware. and
the trustees have taken all steps that they oughi to have taken to make themselves aware of any relevant
inforniation and to establish that the independent examiner is aware of that infonnation.
Independent Examiner
The independent examiner, Ha55ard Mcclements Limited have indicated their willingness to continue in office, and a
resolution concerning their reappointment will be proposed at the Annual Easter Vestry Meeting.
On Behalf of the Trust¢e
Mrs Frances Spence
Mrs Tanya McKeever
Date= 8th October 2024

INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF MAGHERACULMONEY
CHURCH OF IRELAND
We report on the accounts of Magheraculmoney Church of Ireland for the year ended 31 December 2023, which are set
out on pages 6 to 16.
Respective responsibilities of the Charity truste¢s and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act
(Northern Ireland) 2008, the Charities Act (Northern Ireland) 2013 and the Charities (Accounts and Reports) Reoulation5
(Northern Ireland) 2015. The charity's trustees consider that an audtt is not required for this year under section 65(2) of
the Charities Act (Northern Ireland) 2008 and that an independent examination is needed. The charity is preparing
accrual accounts. 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 Charity Commission for Northern Ireland
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 Commission for Northem
Ireland under section 65(9)0)) of the Charities Act (Northern Ireland) 2008.
Our examination included a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also included consideration of any unusual items or disc105ures in the accounts. and
seeking explanations from you as Charity trustees concerning any such tnatters.
Our role is to state whether any material matter5 have corne to our attention giving us cause to believe:
l. That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008;
2. That the accounts do not accord with those accounting record5.
3. That the account5 do not comply with accounting requirements of the Charities Act (Northern Ireland) 2008. and
4. That there is further infonnation needed for a proper understanding of the accounts to be reached.
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
requir¢ drawing to your attention.
HASSARD MCCLEMENTS LIMITED
CHARTERED ACCOUIYTANTS
AND REGISTERED AUDITORS
32 East Bridge Street
Enniskillen
County Fernianagh
BT74 7B T
Date.. 9th October 2024

MAGHERACULMONEY CHURCH OF IRELAND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrieted Restricted
Funds
Funds
2023
2023
Endowment
Total
2023
Total
Note
2023
2022
Income
Donations and legacies
Other trading activities
Investments
Charitable activities
136,764
17,353
28,774
844
166,382
17,353
3,396
2,729
156.194
16,546
3,654
1,414
2,729
Total Income
160,242
28,774
844
189,860
177.808
enditure on:
Generating funds
Charitable activities
Other costs
Total Ex
enditure
(206)
{121,575) (109,148)
(24,764) (?8,381)
(146,339) (137,73))
(98,700)
(24,764)
(123,464)
(22,875)
(22,875)
Movement in funds from ordin2ry activities
36,778
5,899
844
43.)21
40,073
Other movements
Revaluation of investment property
Disposal of assets
Fair Value movement on investments
Release Fountain Centre capitaliscd costs
114,J30
114,330
(900)
12
12
52,687
2,768
(192,686)
{189,918)
55,45)
(192.686}
(22,901)
167,017
(900)
Net movement in funds
203,79)
(184,019)
844
20,620
39,173
Reconciliation of funds:
Total funds brought forward
235,272
247,309
i 0,000
492,581
453,408
Total funds carried forward
439,067
63,290
10.844
513,201
492,i81

MAGHERACULMONEY CHURCH OF IRELAND
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
Note
2023
2022
Fixed Assets
Tangible fixed assets
Investment Property
Investments
Total Fixed Assets
10
2,702,463
234,723
127,865
3,065,051
133.841
12
269,652
403,493
Current Assets
Debtors
Cash and cash equivalents
Total Current Assets
13
54,653
104,110
li8,763
28,732
114,487
143,219
Current Liabilitie5
Creditors - amounts falling due within one year
Bank overdraft and loans
Total Creditors
14
1,976
29,816
31,792
1,110
53,021
54,131
Net Current assets
126,971
89,088
Total Net Assets
3,192,022
492,581
The Funds of the Parish
Unrestricted Funds
General funds
Restricted Funds
Endoivment Funds
Revaluation Reserve
Total Charity Funds
17
439,067
63,290
10,844
2,678,821
3,192,022
235,272
247,309
10,000
17
17
17
492,581
The notes on pages 9 to 16 are an integral part of these financial slalements.
The financial statements on pages 6 to 8 were approved by the Board of Trustees on 8 October 2024
and signed on its behalf by:
Mrs Frances Spense
Trustee
Mrs Tanya McKeever
Trustee

MAGHERACULMONEY CHURCH OF IRELAND
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
Note
2023
2022
Cash floivs from operating activities:
Net eash provided by (used in) operating activities
Adjustments
20,620
{21,837)
(1,217)
39.173
4,862
44,035
19
Cash flows from investittg activities:
Pur¢hase of property, plant and equipment
Revalution of inve5tm¢nl property
Fair Value movement on investments
Investment reclassified as debtors
Release of capitalised fountain centre costs
Disposal of Property, plant and equipment
Net cash provided by (used in) investing activities
(13,412)
(114,330)
(55,455)
4,556
192,686
(8,233)
1,800
(6,433)
14,045
Cash flows from finaneing activities:
Repayments of borrowing
Loan interest
(26,115) (39,017)
2,910
3,670
Net eash provided by (used in) financing activities
(23,205) (35,347)
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
(10,377)
114,487
104,110
2,255
11 ?.232
114,487
20

MAGHERACULMONEY CHURCH OF IRELAf4D
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
l. Aeeounting policies
The principal accouniing policies adopt¢d. judgements and key Sources of ¢stimation uncertainty in the preparation of th¢ financial statements ar¢
as follows..
al Basis of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities." Statem¢nt of
Recommended Practice applicable to cliarities preparing Iheir accounts in accordance with the Finaiicial Reporting Standard applicable in th¢ UK
and Republic of Ireland {FRS 102)
Ichariiies SORP {FRS 102}I, th¢ financial Reporting Standard applicabl¢ in the UK and Republic of
Ireland IFRS 10?).
lli¢ Parisli meets the definition of a public b¢n¢fit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and
trdnsa¢tion value unless oihetNvise stated in the r¢levani accounting poliey note(sl.
bl Preparation of aeeounts on a going concern b8sis
The parish generally meets its day to day working eapit81 requirements from its annual income. The Trustc¢s have obtained and reviewed cash
flow forecasts for the coming ycar and based on these ale satisfied that the Parish has resources to provid¢ a reasonable expectation that it can
continue to meet its financial obligations as they fall due for th¢ for¢seeable future. Therefore. th¢5¢ financial statements have been pr¢pared on a
going concern basis.
e) Income
Plate collections, w¢ckly envelopes and graveyard income ar¢ accounted for on a cash receipt5 basis as the amount is collected.
Income arising from the rental of Parish Ccntr¢ facilities to third parties is recognis¢d when the parish has entitlement to the funds. any
perforn)ance conditions attached to the incom¢ have been met, it is probable that th¢ incomc will be received and the amount can be measured
reliably.
Income from government 2nd other grant5, whcther'capilal, grants or 'revenue' grants. is rccognised when the charity has ent]tle￿¢nt to the funds,
any peifomiat]ce conditions atta¢h¢d to the grants have been met, it is probabl¢ that the income will be Teceived and the amount can be measured
reliably.
Donations and gifts in kind are brought it]to th¢ accounts at their fair value to the Parish.
d) Exptnditure
Expenditure is recognised once ther¢ i5 a l¢gal or constThctive obligation to make a paym¢nt to a third paty. it is probable that settl¢m¢nt will be
required and the amount of the obligation Can be measured reliably.
rtecoverable VAT is charged as a Cost against the activity for which the expenditur¢ was incurted.
el Tangible assets
The assets of the Paiish comprise..
Church building and graveyard
Glebe House
Parish Centre
Mullaglifame Hall
Fixtures and fitlings and equipm¢nt

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Th¢ Church building and graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS 102). Tliese H¢ritaBe assets are not
included on the balance sheet as infomiation on the cost or valuation 15 not available and such infortnation cannot b¢ obtained at a e05t
comrnen5urate with the benefit to the users of tbc accounts and to the parish.
The Glcbe House is recognised at insurance value. No depreciation has b¢¢n provided on ihe Glebe House as the current ¢5timat¢d residual valu¢
is not less ihan its carrying valu¢ and th¢ remaining useful life currently ¢xcccds 50 years.
The Parish Centre is reco8nis¢d at insurance value. No depreciation ha5 been provided on the Parish Centre as th¢ cu[￿nt cstimated residual
value is not less than its carrying Yalue and the remait]ing use￿1 lif¢ currently exceeds 50 years.
Mullaghfame Hall is recognised at Ir15uran¢e value. No depreciation has been provided on the Mulla8hfame Hall as the cu￿t￿t estimated residual
value is not less than its catrying valu¢ and th¢ remaining useful life CUTtently exc¢¢ds 50 years.
Fixtur¢s. fittings and equipment are recognised at e95t and we dcpreciated on a straight line basis ov¢r a period of10 years. The 2ssets' residual
value5 and useful lives are reviewed, and adjusted. if appropriate, at the end of each reporting p¢riod. The effect of any change 15 ac¢ounted for
prospcctively.
Tangible assets are derecognised on disposal or when no future economic benefits are exp¢¢t¢d. On disposal. the difference between the disposal
proceeds and the carrying atnount Is recognis¢d in thc statement orrinaftcial activities.
fj Investment Propertie5
3 Castle Manor has been reclèssified from tangible fixed assets during the year ws it is h¢ld for investment potential. It Is recogniscd at insurance
value. No depreciation has been provid¢d as th¢ property is maintained in good r¢pair and the Cu￿ent estimated residu21 value is not less than it's
carrying value and the remainin8 Us¢ful lif¢ of the building exceeds 50 years.
g) Investments
Fixed asset investmcnts comprising investments in RCB 2nd CIT Unit Trusts are stated at fair value at th¢ balaD¢¢ 5h¢¢t dat¢. Unrealised gain5
nd losses represent th¢ difference belweet] the fair value at the beginning and end of the financial year.
h) C45h and cash equivalents
Cash and cash equivalents includes cash in hand, d¢posit5 h¢ld at call with banks and bank oyerdrafis.
il Financial instrum¢Dts
Th¢ Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are
initially Tccognis¢d at trdnsaction price and subsequently tneasured at their s¢tt]¢mcnt value.
j) Funds
Funds Bre classified as either r¢stri¢t¢d fiujds or unrestricted funds. defined as follows.
Restricied fvnds are funds subject io specifiG requirements as to th¢ir use which may be declated by the donor or ivith their authoTity 01 created
through legal processes. but still within the wider objects of the Parish.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income ther¢ from is used
for the purpose defined in accordance with the objects ofthe Parish.
Unr¢stricted fund5 ar¢ ¢xp¢ndable at the discretion of the tnjstees in furtherance of th¢ obj¢cts of th¢ charity.
10

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2. Critit#l accounting judgements and estimation uncertainty
Estimates and judgements made in t]i¢ process of preparing the financial statem¢nts ar¢ continually evaluated and are based on historical
experience and other factors, including expectations of fuiure events that are believ¢d to b¢ r¢asonable under the circumstances. The Tru5t¢¢s do
no( consider that there Are any critical judgements made in applying the Parish's accounting policies or that there are any ciitieal acwunting
estima(es or assumptions which May haye a significani risk of causing a rnat¢rial adjustment to carrying amounts of assets and liabiliti¢S Within
the next financi21 year.
3. Donations and legacies
Unrestricted
Fllnds
2023
Rcstricted
Funds
2023
Endowment
Total
2023
2023
2022
Plate collectlODS
Weekly env¢lop¢s / rwo
Tax recover¢d on donations
Donations for ¢haritics
Building fvnd giving
Other
2.411
87.514
26.065
2,411
87,514
26,065
15,019
13,755
21,618
166.382
1.488
91.369
24,960
12,294
12.747
13.336
156.194
15.019
13.755
20.774
136.764
844
844
28,774
4, Other trading activitics
Unrestriettd
Restricted
Funds
Funds
Total
2023
2023
2023
2022
Rentals from Parish Centr¢
Otlier rental incorne
6.010
6.000
4.902
6,010
6.000
4.902
441
5.980
5,500
5,066
Auction
Other
17.35i
17,)53
16.540
5. Investments
Unre5trieted
Restritted
Funds
2023
Funds
2023
Total
2023
2022
Dividends ￿¢¢Ived
Bank int¢re5t
3.175
221
i,396
3,175
221
3.396
3,426
228
3,654
6. Charitablc Activities
Unrestricted
Restricted
Fund5
Fund5
Totsl
2023
2023
2023
2022
Magazine income
Grave yard income
729
729
2.000
2,729
579
835
1,414
2.000
2.729

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
7. Analysi5 of Expenditurc
Unrtstrieted
Restrieted
Funds
Fund5
Total
2023
2023
2023
2022
Genernting Funds
Other
206
206
Unrestrieted
Funds
2023
Rtstritted
Funds
2023
Total
2023
2022
Charitable Attivities
Wages and salaries
Dioeesan eo$tslassessmcnt
Church costs
Gl¢b¢ costs
Parish centre costs
Graveyard costs
Charitable donations
Adminis(raiion costs
9.840
62.567
10.329
980
9.696
1,425
3,216
647
9,840
62,567
10,329
980
14.760
4.452
18.000
647
121,575
11.927
53.618
8,549
7.982
9,614
1,682
14,854
922
5,004
3,027
14.784
98,700
22,875
109,148
Unrestricted
Funds
2023
Restritted
Funds
Total
2023
2023
2022
Other Costs
Visiting pr¢acher expenses
Fountain prograrn
Sunday school and Bible classes
Magazinc and publication expenditure
Gifts
Sp¢cial ev¢Dt ¢ost5
Castl¢ manor hous¢
Insurance
Indcp¢nd¢nt ¢xaminer fee
Web page maintenance
Sundry costs
Depieciation
Bank charges
Loan interest
100
6.000
1.094
1.048
33
100
6.000
1.094
1,048
33
685
2,017
2,408
1,920
600
1.979
3.218
753
2,909
24.764
100
6,000
1,183
595
261
1,322
1.766
3.318
1.860
600
1,519
5,418
768
685
2,017
2.408
1.920
600
1,979
3,218
753
2.909
24.764
3,671
28,381
8. Taxation
MagheTaculmoney Church of Ireland is recognised as a chaiity for the purpose of ppplicabl¢ taxation l¢gislation and is therefore not subject to
taxation on its charitable activities.
9. Analysis ofstaff costs. trustee rcmuneration and expellse5, and the cost of key management personnel
Employee
2023
2022
Salaries and wage5
National insurance costs
Total
9,840
11.927
9,840
11.927
12

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
The average number of employ¢¢s during the year, calculated on the basis of a head count. was as follows..
2023
Number
2022
Number
Ministerial support
Adniinisiration
Premises maintenance
Key Manageineni and Trustees
K¢y managcment are deemed (o compiise the Tn]stees. The parish paid exp¢ns¢s of £980 rclating to the runnin8 costs of the Glebe house which
15 o¢¢upi¢d by the recior. No trustee received any remuneration or reimburs¢m¢nt of ¢xp¢ns¢s during the year.
A Trustee received ￿00 for lawnmower work during the y¢ar to 315t December 2023.
10. Tangible fixed asscts
Fixtures.
Mullaghflrne Fittings and
Equipment
Parish
Glebe
House
3 Castle
Manor
Centre
Total
Cost
Ai beginning of year
Additions
Reclassification to investment properties
Revaluation
141.639
18.769
13,412
160.408
13,412
1141,639)
2.678,821
32,181 2.711.002
(141.6391
1.868,242
1,868,242
664,124
664.124
146,455
146,455
At end of the year
Depreciatio
Accumulated depreciation
Depieeiation charge for the year
Depreciation reveTsal on reclassifIcation
Ai end of the year
21.246
5.321
i,218
26,567
3,218
(21,2461
8.539
121.246)
8.539
NBV at be8int]in8 of the year
NB V at end of the year
120.393
13,448
133.841
23,642 2,702,463
1,868,242
664,124
146,455
Investment Property
3 Castle
Manor
Total
Cost
At beginning of y¢ar
Additions
Reclassification from tangible fixed assets
Revaluation
At end of the year
120.393
114.330
234,723
120.393
114.330
234.723
NBV at begint]ing of the year
NBV at end ofth¢year
234,7?3
234,723
13

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
J2. Inv¢stments
Listed
Other
Investrntnts Investrnents
Total
Value
Balance at beginning of the y¢ar
Additions during the year
Disposals during the year
Irrecoverable amounts tak¢n to lllcome siatement
Reanalysed as otlier debtors
Fair value gain I Ilossl on investmenis
Balonc¢ at end of the year
72,410
197,242
269,652
{192,6861 {192,686)
(4.556)
{4,556)
55,455
127.865
55,455
127,865
Listed
Other
Investments Investments
Total
Analysis of Investments at cost
Other Listed Investtn¢nts
Investments in RB Unit Trusts
58.224
14,186
72,410
58,224
14,186
72.410
13. Dtbtors
2023
2022
Sundry debtors
Other debtors
Prepayment
26,061
26.033
2.559
54.653
5,i68
21,477
1,887
28.732
14. Crcditors Amounts due within l year
2023
2022
Accruals and other creditors
1.976
15. Finantial irt5truments
Th¢ ¢hurch hys th¢ following financial instruments..
2023
2022
Loans #nd receivables held at #rnortlsed cost
Cash and cash equivalents
Sundry debtors
Other receivables
104.110
52.094
2.559
158.763
114.487
26,845
1,887
143,219
14

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial liabilitics messured gt gmortiscd cost
2023
2022
Bank loans and overdraft$
Accruals and other creditor5
29,816
1,976
31,792
53.021
54,131
16. Analysis of Net Assets among Funds
Unrestricted Restricted
Total
Fixed A55ets
Investment Prop¢rty
Investments
2,702.463
234,723
127,865
102,423
131.792)
3.135,682
2,702.463
234,723
127,865
158,763
(31.792)
56,340 3.192,022
Current Assets
Current LiabilitlC5
Net assets at 31 Dttember 2023
56.340
17. Funds of the Parish
Releasc
capitalised Revaluation
costs
Re5erwe
At
At
31.12.2023
1.01.2023
Income
Expenditure
Endowment
Doonaji Trust
M¢Clinto¢k Family Grave Fund
10.000
10.000
844
844
i 0,000
844
10.844
Restricted funds
Building fund
Charity Fund
247.256
53
247,309
13.755
15,019
28.774
(8,091)
{14,784)
(22.875)
{192,686)
2,768
63.002
288
63,290
(192,686)
2,768
Unrestricted funds
G¢n¢ral Fund
235.272
160.242
(123.4641
167,017
439.067
Revglllation Reserve
2.678,821 2.678.821
Total funds
492.581
189,860
(146.3391
(192.6861 2,848.606 3,192,022
05e of Endowment
Doonan Trust.. ThTS is a Trust io be used foT the m?inlenance of Mr Doonan's parents, gravES
Mccliniock Family Grave Futsd.. Thi5 is a Fund to be used for the upkeep of thr Mcclinlork Farnily Graves
05e5 of RE51ricted Funds
Building Fund." Thi5 is a Fund to be used foi pzyrnent for major church repair5.
Charity Fund.. This 15 a Fund 10 be used foT donation5 to charities.
18. Colleetion for Third Parties
No coll¢ctions were rnade on b¢half of Third Parties.

MAGHERACULMONEY CHURCH OF IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Reeontilixtion of net income l (expenditure) to tash flow from opergting activities
2023
2022
Net irteome I (expenditure) for the reporting period (as per the stAtem¢nt of
finaneial activities
Adjustrnents for:
Depreciation charge5
Depreciation on disposal
3,218
5.417
1900)
(In¢reaselldwr¢as¢ in debtors
In¢r¢as¢l(decreasel in creditors
125,921)
866
345
Net cash provided by (used in) operating 8ctivitie5
(21,8371
4,862
20. Analysis of tash *nd c85h equivalents
202J
2022
Cash in hand
Notice deposits (less ihan JO days)
Total cash and cash equivalent5
104.110
104.110
114.487
114.487
16