THE MACKEY ESTATE (CRUMLIN EPC) Trustees Annual Report and Financial Statements for the year ended 31 December 2022 Registered Charity in Northern Ireland (NICI 07908) THE MACKEY ESTATE (CRUMLIN EPC) TRUSTEES ANNUAL REPORT The Trustees present their Atll]ual Report and Financial Statements for the vear ended 31 Decembir ?02? including a Statement ot As5et5 and Liabilities as at that dale. REFERENCE AND ADMINISTRATIVE DETAILS Correspondence addres5.' 37A Lar￿ Road, Crumlin. B￿9 4RN. Registered Charity in Northem Ireland (NIC107908). CHARITY TRUSTEES The Charity Trustees who served durine the year or who were trustees ai the dale of this repon were.. Rev Andrew Hamblelon Mr Ben Hegan (appointed 08 102122) Mr David Noel Woolsey Mr George Platt (appointed 0810?122) Mr John William Moore Mr Stephen Craig (appointed 08102122) Mr Allister Lucas Mr Roy Beck (appoinied OBIO?122} Mr Michael Montgomery PRIIYCIPAL OFFICE BEARER Treasurer: Mr David Noel Woolsey INDEPENDENT EXAMINER James Gillespie l F.C.A.) Stevenson and Wilson Chartered Accountanls 22-30, Broadway Ave, Ballymena. BT43 7AA. BANKERS Santander 1-3 Fannley Road, Glengormley, Newtownabbey. BT36 7TR. THE MACKEY ESTATE (CRUlVtLIN EPC) TRUSTEES ANNUAL REPORT (cont'd) STRUCTURE, GOVERNANCE AND MANAGEMENT The Mackey Estate (Crumlin EPC) is governed by the will ofAndrew Park Mackej dated 21, December 1989. Registration with the Charity Commission for Northern Ireland was completed on 15, December 2020. The Trustees of the Mackey Eslate are the elders and deacon5 of Cruin liii EPC, and are therefore appoiiited b means of elder and deacon elections, voted foT by Ihe membership of Crumlin EPC, and in line with tlie procedures and requirements of the Evanoelical Presbyterian Church. All Trnstees give of their lime freely and no Trustee remuneration was paid during the year. There are cutTently nine Trustees who have overall responsibility for ihe charity and its govemance. During the year two Triisiee me¢lings were held. DESCRIPTION AND PIIRPOSE The charitable purpose is that the funds are lo be used by Crumlin Evangelical Presbyterian Church for the work il carries on as the Elders and Deacons Board Ihereot for the lime beinuy shall in their absolute discretion decide appropriate. ACTIVITIES AND OBJECTIVES The Mackey Estate is used to suppon the work of Crlbmlin Evangelical PresbyteTian Church, both by he5ping to facilitate the local minisrry of the church, and also by sending financial help to partner churLh¢s and inission organisations as needs arise. ACHIEVEMENTS AND PERFORMANCE The Mackey Estale continues to provide for the general upkeep and maintenance of the Crumlin EPC buildings and all services related lo the mainteT)ance of church property, such as gra55 cuttino cleaning, and general repairs. The estate also provide5 funding for the heating and lightiiig of the buildino in order to facilitate the weekly Church service5 and other ministries taking place in (hL church building throughoui the week. Income to the Mackey Estate during 2022 came from three main sources.. the collection of ground rent, the rent that accrued fron] the agricultural land that is rented out and also income from investments. The Trustee5 of the Mackey Estate meet with a financial advisor on an annual basls in order to be updated on the invesments and receive relevant advice for how to manage funds responsibly. Durino 2022, the freehold interest in resideniial property was sold. bringing in the sum of £21,961 (£24,000 less disposal fees of £2,039). Throughout 2022, the trustees rnet on 4 occasions to discuss the work of the Mackey Estate. In addition to the money that was used to help facilitate the work of the church at Crumlin Evangelical Presbyterian Church, the Mackey Estate was also able to help support some mission pann¢rs, with £8,000 beino sent in total to promote the work of International Mission to Jewish People, The Christian Insiitute. Frontiers Irelan(L UFM Worldwide and the European Mission Fellowship. The Trustees have had reg￿d to the Charity Commission's Public Benefit requtrement. THE MACKEY ESTATE {CRUMLtN EPC) TRUSTEES ANNUAL REPORT (cont'd) PUBLIC BENEFIT STATEMENT The direct benefits that flow from this purpose are Ihe encouragement of participation in beneficial activities witbin our own community in Crumlin and ihrougliout the world. resuliing in improved spiriiual wellbeing? and a oreater knowled0¢ of the Christian faith, a5 well a5 the practical outworking of Ihis in the lives of those reached. These benefits aTe evidenced by the nu]nerous church building projects that the Mackey Estate has helped to fund not only in Crumlin but througyhout Ireland and across ihe world, and the benefils that result froin these Mrorlcs as tbey bring positive influence to their commiinilies. Locally. Ihe Mackey Estate is used io facilitate the upkeep of the church premises in Crurnlin, and promore the minisiry of th¢ church. These benefits are also evidenced by reports that we re¢eive from those we have helped, and also independent evaluaiion of what is being doi]¢ by othei-s. Wlien considering which works to support, care Is taken 10 ensure thai there is no harm iii doin(3 so, and thai the money is used to bring needed help. Beneficiarie5 of the Mackey Estate are any who are helped through the ministry of Crumlin Evantselical Presbyterian Church. or any of Ihe other works to which we have biiveT] support. There is no private benefii flowingy from the pury)ose of the Mackey Estsie. FINANCIAL REVIEW In the year ended 31" December 2022 Ihe charity had iotal income of £6,877 compared with £1 0,027 in Ihe previous year. Total expenditure increased from £42,826 in 2021 (0 £71,178 in 2022. During the year the freehold interest in residential property was sold generating proceeds before fees of £24,000. At the end of the period the charity had net 85sets of £2.607,952 including cash at bank of £35,689. STATEMENT OF TRUSTEE RESPO]YSIBILITIES The Trnstees are responsible for preparing the annual report and the financial statements of the charity in ac¢ordance with applicable law and generally accepted accounting praciice. As the ¢harity' S total in¢ome does not exceed £250,000, the Trustees hav¢ elected under Section 64(3) of the Charities Act (Northern Ireland) 208 to prepare a receipts and payment account and a statement of assets and liabilities. The Trnstees are responsible for keeping adequale accounting records that are sufficient to show and explain the harity'5 transaction.5 and disclose wilh reasonable accuracy ai any time its financial position. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevenlion and detection of fraud and other irregularities. Approved by the Board of Trustees on 6 September 202) and signed on ils behalf by: Signature: Signature: Name.. Rev. Andrew Miles Hamblelon Name: Mr. David Noel Woolsey INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE TrL4CKEY ESTATE (CRUMLIN EPC) I report on the accounts of The Mackey Estate (Crumlin EPC) for the Ye￿ ended 31 Deceiiiber 2022, Ii'hich are set out on pages 5 to 8. Respective responsibilitie5 of charit) trustees alld examiner As the Ch￿ity'S trustees you are responsible tor rhe preparaiion of the accounts in accordance with the Charities Act (Northem Ireland) 2008. It is my responsibility to: examine the accounts under seclion 65 of the Charilies Act tollow the procedures laid down in the oeneral Direclion5 given by tlie Commissioi) under section 65(9Kb) of the Chariiies Acl state whether particular matters have come lo rn) attention. Basi5 of independent examiner's report I have examined your charity accounts as required under section 6) of the Charities Acl and my examination was caiTied out in accordance wilh the general Directions given by the Charity Commission for Northeni Ireland under seclion 65(9)(b) of ihe Charities Acl. My examination included a Teview of Ihe accounling records kept by the Charity and a comparison of The accounts presented with those records. It also included consideration ol. any unusual items or disclosures in the accounis, and seeking explanations from you as charity irustees concerning any such matters. My role is to state whether any material mallers have come to my attention giiving me cause lo believe.. l. That a¢counting records were nol kept in accordance wilh section 6i of the Charitie5 Act 2. That the accounts do noi accord with ihose accountinbi records 3. That the accounts do not comply with the accounting requiremenrs of ihe Charities Act 4. That ther¢ is turther infomation needed for a proper iindtrstanding of the accounts lo be reached. Independent examiner's stattmenl I have completed my examination and have no concerns in respect of the matters (l ) 10 (4) listed above and. in connection with following Ihe Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawillg to your attention. es Gillespte (F.C.A.} Stevenson and Wilson 22-30 Broadway Avenue Ballymena BT43 7AA Chartered AccoLmtants Date.. 6th September 2023 THE MACKLY E,STATE (CRUMLIN EPC) STATEMENT OF FII¥4ANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUNT) FOR THE YEAR ENDED 31st DECEMBER 2022 Note Unrestrieted Funds Total 2022 Total 2021 Receipts Donations and legacies Othei- trading aciivities Other income 200 9,716 6,436 441 6,436 441 6.877 6.877 10.027 Asset and investment sales Proceeds from sales of residential freehold inlerest 24,000 24,000 Total Reeeipts 30,877 30,877 10.027 Payments Charilable activiiies Oiher expenditure 23,871 47J07 23,871 47.307 9,60? 33.224 Total Payments 71.178 71,178 42.826 Net receipts l (payrnents) Transfers between funds (40JO I) (40,301) {32,799) Net movement Trn fund5 (40,301) (40,301) (i2,799) THE MACKEY ESTATE (CRUMLIN EPC) STATEMENT OF ASSETS AIW LIABILITIES AS AT 3151 DECEMBER 2022 Unrestricted Funds Total Funds 2022 Total Funds 202 Funds Reconeiliation Bank, cash and investments at start of year Net movemeni in funds Movemenl in value of invesimeni portfolio 2,183,853 (40,301) (163,680) 2.183,853 (40,301) (163.680) 2.065,872 (3? 799) 150,780 Bank, cash And investments at end of year 1,979,872 1,979,872 2.18J,85J Bank, Cash and Investment Balances Bank curreiit account InvesTmenl portfolio - note 7 3>,689 1,944,183 2.17? 720 1,979,872 2,183,853 Other Assets Fixed &ssels Tangible fixed assets - Land- noie 5 Lntsngible fixed assets - Ground rents- note 6 630,000 630,000 21,961 630,000 651,961 Liabilities Accruals 1,920 960 1,920 960 Approv¢d by the Board of Trustees on 6 September 202J and signed on its behalf by.. Signature.. ArfkaLL Signature.. Natne: Rev. Andrew Miles Hambleton Name.. Mr. David Noel Woolsey THE MACKEY ESTATE (CRUMLIN EPC) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31., DECEMBER 2022 I. ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the toial income of the charity is less than £250.000 the charity's Trustees has elected in accoTdance ivilh the provisioiis in The Charities (Accounts and Reports) Regulaiions (Northern Ireland) 2015 to prepare its accounts on a receipTS and paymei)ts basis. FUND AccoifNTING Unr¢strict¢d funds are tncome funds which aTe to be spent or applied at the discretion ol'the trustees to further any of the chariry's purposes. Designated fund5 are gen¢ral funds set aside by ihe chariry for use in Ihe future. 2. OTHER TRADING ACTIVITIES Unrestricted Funds Total 2022 Total 2021 Conacre rental income Ground rents income 5,040 1,396 5,040 1,396 5,040 4,676 6,436 6,436 9,716 3. CHARITABLE ACTIVITIES Unrestricted Funds Total 2022 Total 2021 Donations to Crumlin EPC Donation to other missions and charities 7,602 2,000 8,000 8,000 23,871 23,871 9.602 4. OTHER EXPENDITURE Unrestricted Funds Total 2022 Total 2021 Investment portfolio management fees General expenses Legal and professional fees 43,172 96 2,039 45,172 96 2,039 33,126 98 47,307 47,307 THE MACKEY ESTATE (CRUMLlf4 EPC) NOTES TO THE ACCOUNTS (conlinued) 5. TANGIBLE FIXED ASSETS The tangible fLxed a55ets of the Charity comprise of 42 acres of agricultural land at £6iO:000. Details of historical costs are not available with the land being included in the balance sheet at a current market Viiluation estimaied by the Trustees. No depreciation has beeii provided on these assets. This is reviewed on an annual basis by the Tiustees. 6. INTANGIBLE FIXED ASSETS The intangible fixed assets of the Charity comprised of freehold inieresi in resideTltl<11 Iiouses at Laurelvale, Crumlin. Details of historical costs were not available. These were sold by the Charity during th¢ year-end for proceeds before disposal fees of £24,000. The legal and professional fees incurred in ￿sOciation wilh the sale of Ihe5e w¢re £2,0)9. 7. INVESTMENTS 2022 2021 Opening valu¥tion as at i¥¢ January 2022 Additions Disposals Portfolio manauement fees paid Movement in revaluation of portfolio 2,172,7?0 3?1 (?O,IN16) (45,172} (163,680) 2,055,U66 {JJ,126) 150,780 ClosiDg valuation as at 31%1 December 2022 ,944,183 2,172,720 The Charity's invesm)enr in the UK and worldwide markets has been included in the balance sheet at market value, based on external professional valuations. Any gains are used by the Charity for charilable purposes Lherefore no lax is due on the unrealised revaluation gatns. 8. FU]YDS OF THE CHARITY All funds of the charity are unrestricted.