MAGHERA PARISH CARING ASSOCIATION
a Company Limited by Guarantee
Trustees Annual Report and Unaudited Financial Statements
for the year ended 30 April 2023
Registered Charity in Northern Ireland (NIC107852)
Company Registration Number N1612431
Page I I

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
Financial Statements
Year ended 30 April 2023
Contents
CHARITY REFERENCE AND ADMINISTRATIVE DETAILS................................................................................
TRUSTEES, ANNUAL REPORT {INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT).. .. ....
TRUSTEES OFTHE CHARITY................................................... ....... ..
REFERENCE AND ADMINisfRATIVE DETAILS.... .............................................................. .......................
STRUCTURE AND MANAGEMENT............................................................................................................
DESCRIPTION AND PURPOSE....................................................... ................. .........................................
AC[1V￿lEs AND OBJECTIVES....................................................................................................................
ACHIEVEMENTSAND PERFORMANCE......................................................................................
PUBLIC BENEFIT STATEMENT...................................................................................................................
FINANCIAL REVIEW...................................................................................................................................
GOING CONCERN...................................................
RESERVES POLICY................................................................................................................. ........
RESPONSIBILITIES IN RESPEcf OFTHE FINANCIAL STATEMENTS...........................................................
RISK REVIEW............................................................ .
FURTURE PLANS........................................................................................................................................
INDEPENDENT EXAMINERS REPORT...........................................................
.10
STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT)................. 12
BALANCE SHEEr.........................................
.13
NOTESTOTHEACCOUNTS.........................................................................................................................15
21Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
Year ended 30 April 2023
CHARITY REFERENCE AND ADMINisfRATIVE DETAILS
Registered charity name
Maghera Parish Caring Association
Charity registration number
NIC107852
Company Registration Number
N1612431
Principal office and registered
office
The Lurach Centre
15 Church Street
Maghera
BT46 SEA
The trustees
Mr R Rainey
Ms M E Davidson
Ms E A Forde
Ms A Crooks
Mr S Richardson
Independent examiner
Simon Hopper F.C.A.
Hopper & Co
6 Doagh Road
Ballyclare
BT39 9BG
31Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT
Year ended 30 April 2023
TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
The Trustees who include the directors for the purposes of company law present their report and the
th
unaudited financial Statements of the charity for the year ended 30 April 2023. The directors have
adopted the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting
by Charities ' {FRS102 Section IA) in preparing the annual report and financial statements of the
charity.
The financial statements have been prepared in accordance with the accounting policies set out in
notes to the financial statements and applicable accounting standards, Accounting and Reporting by
Charities Statement of Recommended Practice applicable to charities preparing their account5 in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in
October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland {FRS 102 Section IA), the charity's governing document, the Charities Act (Northern Ireland)
2008, Charitie5 Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations
{Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Prattice.
TRUSTEES OF THE CHARITY
The directors of the charitable company are its trustees for the purposes of charlty law. The terms '
director" and "trustee" are used interchangeably throughout the financial statements. The trustees who
have served during the year were as follows:
Mr R Rainey
Ms M E Davidson
Ms E A Forde
Ms A Crooks
Mr S Richardson

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (conyd)
Year ended 30 April 2023
REFERENCE AND ADMINISTRATIVE DETAILS
The registered name of the charity is Maghera Parish Caring A550ciation, charity registration
number: NIC107852 and company registration number N1612431
Principal office and registered
office
The Lurach Centre
15 Church Street
Maghera
BT46 SEA
The trustees
Mr R Rainey
Ms M E Davidson
Ms E A Forde
Ms A Crooks
Mr S Richardson
Independent examiner
Simon Hopper F.C.A.
Hopper & Co
6 Doagh Road
Ballyclare
BT39 9BG
STRUCTURE AND MANAGEMENT
Governing Document
Maghera Parish Caring Association is a company limited by guarantee governed by its Memorandum
and Articles of Association. Maghera Parish Caring Association is a registered charity with the Charity
Commission for Northern Ireland.
Management
The association is run by the Executive committee of 12 members of which 5 members are directors of
the company.

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (cont'd)
Year ended 30 April 2023
DESCRIPTION AND PURPOSE
The Executive Committee work with a number of volunteers in running of the Centre. They have worked
with Probation Board offering a facility for offenders to complete community service. Mid Ulster District
council in various community outreach festiva15 also in a major project in refurbishing our Walled garden
{which has now been leased to MUDC)
ACTIVITIES AND OBJECTIVES
The main activity of the Association is to provide facilities for various groups to provide a variety of
community outreach activities. The association works with local community groups, statutory
authorities, voluntary group5, children's groups and private individuals, providing support for adults,
children, disabled, vulnerable people, in various activities.
The associations centre has a large hall, two kitchens, a number of smaller rooms and offices. We have
two main groups, Woman's Aid & Sure Start who have permanent offices within the complex. The Hall
and rooms are used by all the community.
ACHIEVEMENTS AND PERFORMANCE
In the aftermath of the Covid Pandemic activities in the centre have continued to increase, and we are
nearly back to full capaclty with old Groups restarting their activities along with new users to the centre.
The Association has run well supported community events such as Dancing Classes, Art Club, Childrens
Club, Vintage Rally, Concerts etc all have received cros5 community 5UPPOrt.
PUBLIC BENEFIT STATEMENT
The Board of Maghera Parish Caring Association confirm that they have had due regard for the guidance
produced on public benefit by the Charity Commission for Northern Ireland, and are pleased to report
that during the year the charitable company ha5 continued to provide public benefits through the
programmes and services we offer. In particular, the directors consider how planned activities will
contribute to the aims and objectives they have set out.
FINANCIAL REVIEW
The charity returned an overall deficit of £6,653 (2022: deficit £8,015) for the year.

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (cont'd)
Year ended 30 April 2023
Restricted funds showed a deficit of £15,043 (2022: deficit £16,454) while unrestricted funds has a
surplus of £8,390 {2022: surplus £8,439). As at 30 April 2023, the charity has restricted funds carried
forward of £1,150,704 (2022: £1,165,747), while unrestricted funds remaining amounted to £39,829
{2022: £31,439}. More detail is outlined in the Statement of Financial Activitie5.
GOING CONCERN
The activities of the charity is dependent on ongoing fundraising activities. The Trustees are of the
opinion that the charity has sufficient resources at the date of approval of these financial statements to
meet commitments which will arise in the year from the date of signing this report.
RESERVES POLICY
Reserves are needed to bridge the timing gap between spending and receiving of income and to cover
unplanned temporary shortfalls in income should they arise. Holding adequate reserves safeguards the
provision of our services in the event of unexpected significant financial pressures.
RESPONSIBILITIES IN RESPECT OF THE FINANCIAL sTATEME￿rs
The trustees {who are also the directors of Maghera Parish Caring Association for the purposes of
company law} are responsible for preparing the Directors ' Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally
Accepted Accounting Practice).
Company law requires the directors to prepare financial statements for each financial year which give a
true and fair view of the state of affair5 of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that
period. In preparing these financial st3tements, the directors are required to:
select suitable accounting policies and then apply them consistentlv"
observe the methods and principles in the Charities SORP 2019 (FRS102)'
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standard5 have been followed , subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it 15 inappropriate to presume
that the charitable company will continue to operate.
The directors are responsible for keeping adequate accounting record5 that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006, Charities Act (Northern Ireland) 2008 and
Charities Act (Northern Ireland) 2013 and Charities (Accounts and Reports) Regulations {Northern

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT {conVd)
Year ended 30 April 2023
Ireland) 2015. They are also responsible for Safeguarding the assets of the charitable company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the charitable company and financial
information included on the charitable company'5 website. Legislation in the United Kingdom governing
the preparation and dissemination of financial st3tement5 may differ from legislation in other
ju risdictions.
RISK REVIEW
A review of major risks has been undertaken by the Trustees and systems and procedures implemented
to manage identified risks. The principal risks are in relation to the likelihood of reputational damage
and financial risks associated with the expectation of ongoing financial support from funders. These
risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated
meetings and by reviewing available funding streams.
FURTURE PLANS
It is the Trustees, intention to develop the present activities of the charity in order to continue to
support the refugee family to successfully integrate into our community.
Dlsclosure of Information to Independent Examiner
So far as each of the directors in office at the date of approval of these financial statements 15 aware:
there is no relevant audit information of which the charitable company's independent examiner
55 unaware. and
they have taken all the steps that they ought to have taken as director5 in order to make
themselves aware of any relevant information for the independent examination and to establish
that the charitable company's independent examiner is aware of that information.
Small Companles. Exemption
This report has been prepared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006 .

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT {conVd)
Year ended 30 April 2023
Independent Examiner
Hopper & Co., have indicated their willingness to remain in office and a resolution for their re-election
will be proposed at the forthcoming Annual General Meeting.
Approved by the trustees at a meeting on
Mr R Rainey
Director & Trustee

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER5 REPORT
Year ended 30 April 2023
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MAGHERA PARISH CARING ASSOCIATION (A
COMPANY LIMITED BY GUARANTEE)
th
I report on the financial statements of Maghera Parish Caring Association for the year ended 30 April
2023 which are contained within the 2023 Annual Report.
Respective responsibilities of trustees and independent examiner
Maghera Parish Caring Association's trustees are responsible for the preparation of the financial
statements in accordance with the term5 of the Charities Act {Northern Ireland) 2008.
Maghera Parish Caring Association's trustees consider that an audit is not required under section 65{2)
(audit) of the Charities Act {Northern Ireland) 2008 for the year and that an independent examination
under Section 6411) of the Charities Act (Northern Ireland) 2008 is required.
It is my responsibility to:
examine the accounts
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out under Section 65 of the Charitie5 Act (Northern Ireland) 2008. An
examination includes a review of the accounting records kept by the Church and a comparison of the
financial statement5 presented with those records. It also includes consideration of any unusual items or
disclosures in the financial statements, and seeking explanations from the trustees concerning any such
matters. The procedures do not provide all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the financial statements.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
(11 which gives me reasonable cause to believe that in any material respect the requirements:
to keep proper accounting records in accordance with Section 63 of the charities Act (Northern
Ireland) 2008, and
to prepare financial statement5 which accord with the accounting records in accordance with
Section 64 of the Charities Act (Northern Ireland) 2008 have not been met; or
IOIPage

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE}
INDEPENDENT EXAMINERS REPORT
Year ended 30 April 2023
(2) to which, in my opinion, attention should be drawn In order to enable a proper understanding of the
financial statements to be reached.
S Hopper FCA
Partner
Hopper & Co

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
for the year ended 30 April 2023
Note
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Income from:
Donations and legacies
Other Income
1,855
18,298
1,855
18,298
740
17,956
Total Income
20,153
20,153
18,696
Expenditure on:
Charitable activities
11,763
15,043
26,806
26,711
Total Expenditure
11,763
15,043
26,806
26,711
Net Income
8,390
(15,043)
16,653)
{8,015)
Net movement in fund5
Funds brought forward
8,390
31,439
{15,043)
{6,653)
{8,015)
1,165,747 1,197,186 1,205,201
Funds carried forward
39,829
1,150,704 1,190,533 1,197,186
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
121 P2ge

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY UMITED BY GUARANTEE)
BALANCE SHEEr
As at 30 April 2023
Note
2023
2022
Fixed Assets
Tangible Fixed Assets
Total fixed assets
1,180,545
1,180,545
1,193,437
1,193,438
Current Assets
Cash and cash equivalents
Total current assets
13,558
13,558
7,069
7,069
Current Liabilities
Accruals
Other Creditors
Total current liabilities
2,800
770
3,160
160
3,570
3,320
Net Current Assets
9,988
3.749
Total net Assets
1,190,533
1,197,186
Funds of the charity
Unrestricted funds
General funds
Restricted funds
Propety fund
39,829
31.439
1,150,704
1,165,747
Total charity funds
1,190,533
1,197,186
For the year ending 28 February 2023 the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to sm311 companies.
Directors responsibilities:
The members have not required the company to obtain an audit of its financial statements for
the year in question in accordance with section 476,.
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting record5 and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
131 Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET (Cont'd)
As at 30 April 2023
These financial statements were approved by the board of trustees and authorised for issue
on
,11 and are signed on behalf of the board by".
Mr R Rainey
Director & Trustee
Company Registration Number: N1612431
The notes on pages 15 to 23 form part of these financial statements.
141Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
for the year ended 30 April 2023
I. ACCOUNTING POLICIES
General information and basis of preparation
Maghera Parish Caring Association is a charitable company limited by guarantee and not having a share
capital and is registered in Northern Ireland. The address of the registered office is given in the charity
inforrnation on page l of these financial statements.
The company was established under a Memorandum of Association which established the objects and
powers of the charitable company and is governed under its Articles of Association.
The charitable company constitutes a public benefit entity as defined by FRS 102.
Statement of compliance
The financial statements have been prepared in accordance with the accounting policies set out in
notes to the financial statements and applicable accounting standards, 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 issued
in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS102 Sertion IA), the charity's governing document, the Charities Act {Northern Ireland)
2008, Charities Act (Northern Ireland) 2013 , The Charities (Accounts and Reports) Regulations {Northern
Ireland) 2015, Companie5 Att 2006 and UK Generally Accepted Practice.
The financial statements are prepared on 3 going concern basis under the historical cost convention.
The financial statement5 are prepared in sterling which 15 the functional currency of the charity rounded
to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out
below. The directors consider that these policies are suitable, have been consistently applied and are
supported by reasonable and prudent judgements and estimates.
FUND ACCOUNTING
The charity has various types of funds for which it is responsible, and which require separate disclosure.
A definition of the various types of funds is as follows:
Restricted funds comprise (a) income from endowment5 which is to be expended only on the restricted
purposes intended by the donor and (b) revenue donations or grants for a specific charitable activity
intended by the donor. Where these funds have unspent balances, interest on their pooled investment
is apportioned to the individual funds on an average balance basis.

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY UMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS {conVd}
30 April 2023
Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its
objectives. In addition to expenditure on activities such funds may be held in order to finance capital
investment and working capital.
Designated funds are general funds set aside by the trustees for use in the future.
INCOMING RESOURCES
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity 15
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably, and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of performance
before entitlement can be obtained, then income is deferred until those conditions are fully met or the
fulfilment of those conditions is within the control of the charity, and it is probable that they will be
fulfilled.
Voluntary income received by way of donations and gift is credited to revenue on 3 receivable basis.
The charity receives grant5 in respect of support services. Income from government and other grants are
recogni5ed at fair value when the charity has entitlement after any performance conditions have been
met, it is probable that the income will be received, and the amount can be measured reliably.
If entitlement is not met, then these amounts are deferred. Revenue grants are credited to incoming
resources on the earlier date of when they are received or when they are receivable unless they relate
to a specified future period.
Other income represents income that cannot be reported under the other analysis headings provided
within the SOFA.
(i)
Incoming resources with related expenditure
Where incoming resources have related expenditure las with insurance proceeds) the incoming
resources and related expenditure are reported gross in the SOFA.
161Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE AcCoU￿r5 (convd)
30 April 2023
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to
the resources.
Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they
relate.
(iv)
Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered.
(v)
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold
or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming
resources when receivable.
{vi)
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended)
where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on
these resources is the estimated value to the charity of the service or facility received.
{vii) Investment income
This is included in the account5 in the period to which it relates.
Ivlli) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing
investments to market value at the end of the year.
EXPENDITURE AND LIABIUTIES
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. It is categorised under the following headings:
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery
of its activities and services for its beneficiaries and includes salary costs, support service
expenses, and an apportionment of support costs;
Other expenditure represents those items not falling into the categorie5 above.

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTE5 TO THE ACCOUNTS (convd)
30 April 2023
(i)
Liability recognition
Liabilities are recognised where there is a legal or constructive obligation to make payments to third
parties, it is probable that the settlement will be required, and the amount of the obligation can be
measured reliably.
Governance costs
These are shown within charitable activities and include the costs of preparation and examination of
accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or
constitutional matters.
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output
to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided
the specified service or output.
(iv)
Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no
condition5 to be met relating to the grant which remain in the control of the charity.
{v)
Support costs
Support cost5 are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs and administrative payroll costs.
They are incurred directly in support of expenditure on the objects of the charity. Where 5UPPOrt COSts
cannot be directly attributed to particular heading5, they have been allocated to cost of raising funds
and expenditure on charitable activities on a basis consistent with use of the resources. Premises
overheads have been allocated on a basis consistent with the use of the resources. Staff costs and
other overheads have been allocated based on time spent, per capita and activity.
Employee benefits
When employees have rendered service to the charity, sholt-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for
that service.
Value Added Tax
The charity is not registered for VAT purposes. therefore expenditure is shown gross of VAT.
181P2ge

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY UMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS {conVd}
30 April 2023
ASSETS
Tangible Fixed Assets
The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition.
Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual
values, on a straight-line basis over the expected useful economic lives of the assets concerned. The
princip31 annual rates used are as follows:
Long Leasehold
Fixtures and fittings
IO% straight line
IOYO Reducing balance
In accordance with FRS102, assets under construction are not depreciated until such time5 as they are
available for use.
Where the recoverable amount of a fixed asset is found to be below its net book value, the asset is
written down to the recoverable figure and the loss on impairrnent is recognised in the SOFA.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other
investment assets are included at trustees, best estimate of market value.
Leases
Rentals payable under operating leases are charged to the SOFA on a straight-line basis over the period
of the lease.
Tax
As a charity, the company benefits from various exemptions afforded by tax legislation. It is therefore
not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made
of tax deducted from receipts under gift aid.
Going concern
The financial 5tatement5 have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for 12 months from authorising these financial statements. The budgeted
income and expenditure is sufPicient with the level of reserves for the charity to be able to continue as a
going concern.
Judgements and key sources of estimation uncertainty
The following judgements including those involving estimates have been made in the process of
applying the above accounting policies that have had the most significant effect on the amounts
recogni5ed in the financial statements and that have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilitie5 Within the next financial year:
191Page

MAGHEFIA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
30 April 2023
depreciation method and asset useful lives
The estimates and assumptions are reviewed on an ongoing basis considering the current and future
market conditions.
2. DONATIONS AND LEGACIES
Unrestrirted Restricted Funds
Funds
Total
2023
Donations
1,855
1,855
1,855
1,855
Unrestrirted Restrirted Funds
Funds
Total
2022
Donations
740
740
740
740
3. OTHER INCOME
Unrestricted Restricted Funds
Funds
Total
2023
Other income from Charitable activities
18,298
18,298
18,298
18,298
Unrestricted Restricted Funds
Funds
Total
2022
Other income from Charitable activities
17,956
17,956
17,956
17,956
201 Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
30 April 2023
4. CHARITABLE AcfiviTIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Rates, insurance and water rates
Light & Heat
Repairs & Maintenance
Telephone
Advertising
General Expenses
Amortisation of long leasehold
Depreciation
Bank Charges
Accountancy
2,055
5,946
2,055
5,946
1,720
1,506
423
1,812
13,323
337
44
(360)
1,425
4,515
3,061
1,438
1,720
1,506
423
1,812
1,278
13,393
292
39
1,270
13,323
337
44
{360)
11,763
15,043
26,806
26,711
5. TAXATION
The charity is a registered charity, and as such is entitled to certain tax exemptions on income and
profits from investments, and surpluses on any trading activities carried out in the furtherance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. The
charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred.
211 Page

MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
30 April 2023
6. TANGIBLE FIXED ASSETS
Long
Leasehold
Property Fittings
Fixtures
Cost
At beginning of the year
Additions
At end of the year
1,323,245
6,030
738
6,768
1,323,245
Depreciation
At beginning of the year
Depreciation
Disposals
At end of the year
132,441
13,323
3,396
337
145,764
3,733
Net book value at beginning of the year
Net book value at end of the year
1,190,804
1,177,481
2,634
3,035
7. FUND BALANCES
Fund
Balance at
start
Income Expenditu Surplus / Transfer
re
(Deficit)
Balance
at end
Unrestricted Funds
General fund
Restricted Funds
Property fund
31,439
20,153
11,763
8,390
39,829
1,165,747
15,043 (15,043)
1,150,704
Total
1,197,186
20,153
26,806
(6,6531
1,190,533
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MAGHERA PARISH CARING ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
30 April 2023
8. ANALYSIS OF NEf ASSETS BETWEEN FUNDS
Unrestrirted Restricted Funds
Funds
Total
2023
Fixed Assets
Net Current Assets
29,841
9,988
1,150,704
1,180,545
9,988
39,829
1,150,704
1,190,533
Unrestricted Restricted Funds
Funds
Total
2022
Fixed Assets
Net Current Assets
27,691
3,749
1,165,747
1,193,437
3,749
31,439
1,165,747
1,197,186
9. FINANCIAL COMMITMENT
No contracts had been placed for future capital expenditure at the balance sheet date
10. LIABILITY OF MEMBERS
Maghera Parish Caring Association is a company limited by guarantee and does not have a share capital.
It is governed by a Memorandum and Articles of Association and the liability of members is limited to an
amount not exceeding £1.
11. ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party
12. ETHICAL STANDARDS
In common with many other organisations of our size and nature, we use our independent examiner to
prepare and assist in the preparation of the financial statements.
13. RELATED PARTIES
There were no related party transactions during the year (2022: £Nil).
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