THE IIIACKEY ESTATE (CRUMLIN EPC) TRUSTEES ANNUAL REPORT The Trustees present their AnnLEal Report and Financial Statements for the year ended 31 December 2023 including a Statement of Assets and Liabilities as at that date. REFERENCE AND ADMINISTRATIVE DETAILS CorrespoT)dence address: 37A Largy Road, Crumlin. BT29 4RN. Registered Charity in Northern Ireland (NIC107908). CHARITY TRUSTEES The Charity Trustees who sorved during the year or who were trustees at the date of this report were.. Mr Michael Montgomery Mr John Wtlliam Moore Mi George Platt MT David Noel Woolsey Mr Roy Beck Mr Stephen Craig Rev Andrew HambletOT] Mr Ben Hegan MT Alli5ter Lucas PRINCIPAL OFFICE BEARER Treasurer: Mi David Noel Woolsey INDEPENDENT EXAMINER James Gillespie (F.C.A.) Stevenson and Wilson Chartered Accountants 22-30. Broadway Ave, Ballymena. BT43 7AA. BANKERS Santander 1-3 Farniley Road, Glengormley, Newtownabbey. BT36 7TR.
THE MACKEY ESTATE (CRUMLIN EPC) TRUSTEES ANNUAL REPORT (cont'd) STRUCTURE, GOVERNANCE AND MANAGEMENT The Mackey Estate (Crumlin EPC) is governed by the will of Andrew Park Mackey dated 21° December 1989. Registration with the Charity Commission for Northern Ireland was completed on l5 December 2020. The Trustees of The Mackey Estate are the elders and deacons of CrumliT] EPC, and are therefore appointed by means of elder and deacon elections, voted for by the membership of Crnmlin EPC, and in lÈne with the procedures and requirements of the Evangelical Pre5bJterian Church. All TnteeS give of their time freely and no Trustee Ternuneration was paid during the yeai. There are currently nine Trustees who bave overall responsibility for the charity and its governance. During the year four Truslee Tneetings were held. DESCRIPTION AND PURPOSE The charitable purpose is that the funds are to be used by Crumlin Evangelical Presbyterian Church for the work it carries on as the Elders and Deacons Board thereof for the time being shall in their absolute discretion decide appiopriate. ACTIVITIES AND OBJECTIVES The Mackey Estate is used to support the work of Crumlin Evangelical PreSberlan Church, both by helping to facilitate the local ministy of the church, and also by sending financial help to partner churches and miSSiOTI organisations as needs arise. ACHIEVEIIIENTS AND PERFORMANCE The Mackey Estate continue5 to provide for the general upkeep and maintenance of the building and grouTbds belonoing to Crumlin EPC, and various costs related to the maintenance of church PToperty, such as grass cutting, cleaning and general repairs. The estate a150 provides funding for the heating and lighting of the building in order to facilitate the weekly church service5 and otheT mini5tri¢s taking place in the church buildillg tbroughout the week, as well as providing financial support for the Tllinistry of Cntmlin EPC both in its local context and through associated mission work. Durlng the 2023 year The Mackey Estate's maiii source of income was rent that accrued from the agJicultural land which was rented out (totalling £5,040 for the year). In addition to this the Esraie also has an investment portfolio which increased in value by £143,657 over the course of the year. The Trustees of The Mackey Estate meet with a financial advisor on an annual basis in order be updated on the inve5trllents and receive relevant advice for how lo manaLye the funds responsibly. The Trustee5 also increased the estimated current market value of the Trust, s 42 acres of atiriculiural loan by £105,000 during the year. Throughout 2023, the trustees met on four occasions to discuss the work of The Mackey Estate. In addition to the tnoney that was used to help facilitate the work of the church at Cwmlin Evangelical Presbyterian Church, The Mackey Estate was also able to help support some mission partners. with £2,000 being donated to promole the work of International Mission to Jewish People, another £2,000 donated to the work of The Christian Institute, and £1,297 used for funding a short-term mission trip to India. The Trusiees have had regard io the Charity Commission's Public Benefit Tequirernent.
THE MACKEY ESTATE {CRUMLIN EPC) TRUSTLES ANNUAL REPORT (cont'd) PUBLIC BENEFIT STATEMENT The direct benefits that flow from this purpose are the encourauement of panicipation in beneficial activities withtn our own community in Crumlin and tbroughout the world, resulting in improved spiritual wellbeing and a greater knowledge of the Christian faith. as well as the practical outworkino of this in the lives of those reached. These benefits are evidenced by the numeTOUS church building project5 that The Mackey Estate has helped to fulld not only in Crumlin but throughoul Ireland and across the world, and the benefit5 that result from these works as they bring positive influence to their communities. Locally. The Mackey Estate is used to facilitate the upkeep of the church premises in Crutlllin, atEd promole the ministy of the church. These benefits are also evidenced by Teports that we receive fro those we have helped, and also independent evaluation of what is being done by others. When considering which Works to support, care i5 taken to ensure that there is no ham) in doing so, and that the money is used to bring needed help. Beneficiaries of The Mackey Estate are any who ate helped through the ministy of Crllmlin Evangelical Presbyterian Church. or any of the other works to which we have given support. There is no private benefjt flowing from the PUTpose of The Mack¢y Estate. FINANCIAL REVIEW In the year ended 31, December 2023 the charity had toial income of £5.053 compared with £6,877 in the previou5 yeaT. During the 2022 year the freehold interest in residential property was sold generating proceeds before fees of £24,000. Total expenditure incre&sed from £71.178 in 2022 to £76 J40. At the end of the period the charity had net assets of £2,824,900 including cash at bank of £3.020. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statements of the Charity in accordance with applicable law and generally accepied accouniing practice. As the charity's total income does not exceed £250.000, the Trustees have elected under Section 64(3) of the Charities Act (Northern Ireland) 2008 to prepare a receipts and payment account and a statement of assets and ITabilities. The Trnstees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time its financial position. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irreg7ularities. Approved by the Board of Trusiees on 5 September 2024 and signed on its behalf by: Signature.. SigThature: NaTne: Rev. Andrew Mile5 Hambleton Nae. Mt. David Noel Woolsey