THE MACKEY ESTATE (CRUMLIIY EPC) Trustees Annual Report and Financial Statements for the year ended 31 DecembL'r 2024 Registered Charity in Northern Ireland (NIC107908) THE MACKEY ESTATE (CRUMLIN EPC) TRUSTEES ANNUAL REPORT The Trustees present their Allnual Report and Financi81 Statements for the year ended 31 December 2024 including a Statement of Assets and Liabilities as at that date. RLFERENCE AND ADMINISTRATIVE DETAILS Correspondence address: 37A Largy Road, Cruinlin. B T29 4RN. Registered CharRty in Northem Ireland (NIC107908). CHARITY TRUSTEES The Charity Trustees who served during the year or who were trusTees at the date of this report were.. Mr Roy Beck Mr Michael Montgomery Mr Stephen Craig Mr John William Moore RLV Andrew Ilambleton Mr Qteorge Platl (resigned March 2025) Mr Ben 1.4egan Mr David Noel Woolsey Mr Alli5ter Lucas PRINCIPAL OFFICE BEARER Treasurer, r 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 Fannley Road, Glengonnley, Newtownabbey. BT36 7TR. THE MACKEY LSTATE (CRUMLIN EPC) TRUSTEES ANNUAL REPORT (cont'd) STRUCTURE, GOVERNANCE AND MANAGEMENT The Mackey Estate (Cwmlin EPC) is governed by the will of AndTew Park Mackey dat¢d 21, Deceinber 1989. Registration with the Charity Commission for Northern Ireland was Completed on 15, December 2020. llke Trustees of The Mackey Eslaie are Ihe elders and deacons of Crllm lin EPC, and are therefore appointed by means of elder and deacon elections, voted for by the membership of Crumlin EPC, and in line with the procedures and requiren)ents of the Evangelical Presbyterian Church, All Trustees give of their time treely and no Trugtee I'emuneration was paid durinb) the year. During the year there were nine Trustees who had overall responsibility for the charity and ils governance. Five Trustee meetings were held during the year. DESCRIPTION AND PURPOSE The charitable purpose is that the fund5 are to be used by Crumlin EvanLTelical Presbyterian Church for the work it carries on as the Elders and Deacons Board thereof for the time being shall in Eheir absolute discretion decide appropriate. AC.TIVITIES AND OILIECTIVES The Mackey Estate is used to support the work of Crumlin Evangelical Presbyterian C,hurch, both by helping to facil itate th¢ local ministry of the church, aiid also by s¢ndin& financial lielp lo partner churches and mission organisalions as needs arise. ACHIEVEMENTS AND PERFORMAINCE The Mackey Estate coniinucs to provide for the general Iipkeep and mainlenanLe of the building and grounds belotigiTig lo Crurnliii EPC, aiid various costs related lo th¢ maintenance of church property, siich as gr&ss cutting, cleaning, and geiierul repairs. The eslalL also provides funding foi- Ihe heating and lighting of the building in order to facilitate the weekly church service5 and oiher ministries taking place in the cliurch buildinby throughout the week, as well as providing financial support for the rnini51ry of Crumlin EPC both in its local context and through associated inission work. Income to the Mackey Estate during 2024 came from the fullowing sources: the rent that accrued from the agricultural land that 15 rented out totalled £5,040 tor the year, along witli £255 throuuih Way Leav¢. Investments increased in value by a lotsl of £204,559 over the course of the year, of which £20,000 was withdrawn. The Tiustees of the Mackey Eslate meet wilh a financial advisor on an annual basis in order to be updated on the investments and receive relevant advice for how to manage the fiinds responsibly. Throughout 2024, the tmstees met on tive occasions lo discuss the work of the Mackey Estate. Money was used to help facilitate the work of Crllmlin Evangelical Presbyterian Church, including £5,000 to fund provision of emergency rnedical cal'e for an associated minister in the United States. In addition lo this the Mackey Estate was also Able to help support some mission parthers, with £1,000 donated to the work of Middle East Reformed Fellowship, £2,000 to the work of Daylight Christian Prison Trust, £l.000 to support Dumisani Theological Institute, and £1,000 to Frontier5 Ireland. The Trustees have had regard to the Charity Commission's Public Benefjt requirement. THE MACKEY ESTATE (CRUMLIN EPC) TRUSTEES ANNUAL REPORT (cont'd) PUBLIC BENEFIT STATEMENT The direct benefits that flow from Ihis purpose are the encouragement of participation ID beneficial activities within our own community in Crumlin and throughout the world, resulting in improved spiritual wellbeing and a greater knowledge of the Christian faith, as well as the practical outworking of this in the lives of those reached. These benetits are evidenced by the numerou5 church building projects that The Mackey Estate has helped to fund not only in Crurnlin but throughout Ireland and across the world: and the benefiis that result from these works as they bring positive influence to Ih¢ir coinniunities. Locally, The Mackey Estate is used to facilitate the upkeep of the churcli prL'mises in Crumlin, and promote the ministry of the church_ These benefits are also evidenced by reports that M'e receive fi'orn Ihose we have helped, and also independeiit evaluation of whar is beino doT]e by others. When considering ivhich works to support, care is taken to ensure tliat there is no harni in doing so, and that the money is used to brin&* needed help. Beneficiaries of The Mackey Estate are any who are helped through the ministry of Crumlin F.van&Felical Presbyterian Church, or any of the other works to which we have given support. There 15 no private benefit flowingi trom the purpose of The Ma¢key Estote. FINANCIAL REVIEW In the yearended 31, December 2024 the charity had total income of £5,295 compared with £5,053 in the previous year. Total expenditure decreased from £76,340 in 2023 to £58,660. The main reasons for this rediiction were a de.crease in the level of funijing to Crumlin Evangelical Presbyierian Church and reduction in Ihe level ot investment portfolio managernent fees, At the end of the period the charity had net assets of £3,007,463 including cash at bank of £1,054. STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statemei)ts of the rharity in ac¢ordan¢e with appliuable law and generally accepted accounting practice. As the charity's total income does not exceed £?50,000, 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 liabilities. The Trustees are responsible for keeping adequate accounting records that are siiffi¢ient to show and explain the charity's transactions and disclose with reasonable accuracy at any time its financial position. They ar¢ also responsible for saf¢guarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 17 September 2025 and signed on its behalf by.. Signature.. l H (i_(LL SÉu?nature'. Name: Re*. Andrew Miles Hanibleton Name: Mr. David Noel Woolsey INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE MACKEY ESTATE (CRUMLIN EPC) report on the accounts of The Mackey Estate (Crumlin EPC) for the year ended 31 December 2024, which are set out on pages 5 to 8. Respective responsibilities of charity trustees and examiner As the charity's trnstees you are responsible t.or the preparation of the a¢¢oimt5 Èn accoTdance with the Charities Act (Northern Ireland) 2008. It is my responsibility to- examine ihe accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Conunission under section 65(9}(b) of ihe Charities Act state whether particular matters have com¢ to my attention. Bosis of independenl examiner's report I have examined your eharity accounts as required under section 65 of the Charities Act and my exarnination was carried out in accordanLe with the general Directions given by the Charity, Commission for Northern Ireland under section 65(9}(b) of the Charitie5 Act. My examinatioii included a review of the accounting records kept by the charity and a comparison of the a¢counts presented with those records. It also included consideration of any unLisual items or disclosures in the accounts, and seelcing explanations from you as chariry trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. 1.hat the accounts do not comply with the accouiiting requirem¢nts of the Charities Act 4. That there is furthei. infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's st8tement I have completed my 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 Irelar)d, I have lound no matters that require drawing to your attention. es Gillespie {F.C.A.} Stevensi)n and Wilson 22-30 Broadway Avenue Ballymena BT43 7AA Chartered Accountants Date.. 17th September 2025 THE MACKEY ESTATE (CRUMLIN EPC) STATEMENT OF FINANCIAL ACTIVITY (RECEIPTS AND PAYMENTS ACCOUND FOR THE YEAR ENDED 315t DECEMBER 2024 Note Unrestricted Funds Total 2024 Total 2023 Receipts Olhei. trading activities Other income S,040 255 5,040 255 4,990 63 TotAI Receipts 5,295 5,295 5,053 Payments Charitable acti vities Other expenditure 26,18] 32,479 26,181 32,479 41,925 Total Payments 58,660 58,660 76,340 Net receipts / {P#yTnenls) (53,365) (53,36S) (71,287) Net movement in fund5 (53,365} {53,J65) (71.287) THE MACKLY ESTATE (CRUMLIN EPC} STATEMENT OF ASSETS AND LIABILITIES AS AT 315t DECEMBER 2024 Unre8trieted Funds Tolal Funds 2024 Total Funds 2023 Funds Reconciliation Bank, cash and investments at start of year Net movement in fLEnds Movemeni in value of it)vestmenl p()rtfolio 2,090,860 {53,365) 235,958 2,090,860 (53,365) 235,958 1,979.87? {71,287) 182,275 Bank, cash and investments at end of year 2,273,453 2,273,453 2,090,860 Bank, Cash an(1 Investment Balances Bank curreiil account Investment portfolio - Dole 6 ,OS4 2,272,399 3,020 2,087,840 2,273,453 2,090,860 Olher Assets 'I'angibl¢ fix¢d assets- agricultural land - note 5 735,000 735,000 735,000 735,000 Liabilities Accruals 990 960 990 960 Approved by the Board of Trustees on 17111 September 2025 and signed on its behalf by-. Signaiure.. SRgnature'. Name: Rev. Andrew Mile5 Hambleton Name.. Mr. David No¢1 Woolsey THE MACKEY ESTATE (CRUMLIN EPC) NOTES TO TH￿ ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 J. ACCOULYttNG POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the charity is less than £250,000 the charity's Trustee5 has elected in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Unrestricted funds are income funds which are to be spent or applied al the discretion of the trustee5 to further any of the charity's purposes. Designated fijnds are general funds set aside by the charity for Lise in the future. 2. OTHER TRADIIYG ACTIVITIES Unrestricted Funds Total 2024 Total 2023 Conacre rental income 5,040 5,040 4,990 5,040 5,040 4,990 3. CHARITABLE ACTIVITIES Unrestrieted Funds Total 2024 Total 2023 Donations to Crumlin EPC Donation to other rJii55ions and charitie5 21,181 5,000 21,181 5,000 30,415 4,000 26,181 26,181 34,415 4. OTHER EXPEiYDITURE Unrestricted Funds Total 2024 2023 Investment portfolio management fees Governance cost8 Funding short-term missioii trip General expenses 31,399 990 31,399 990 38,618 1,920 1,297 90 90 90 32,479 32,479 41,925 THE MACKEY ESTATE (CRUMLIN EPC) NOTES TO THE ACCOUNTS (continued) 5. TANGIBLF. FIXED ASSETS The tangible fixed assets of the Charity comprise of 42 acres of agricultural land at £735,000. Details of historical costs are not available with the land being included in the balance sheet at a current market valuation estimated by the Trustees. No depreciation has been provided on these assets. This is reviewed on an annual basis by the Trustees. 6. INVESTMENTS 2024 Opening vAluation ¥s at I" January 2024 Withdrawals Portfolio management fees paid Movement Èn revaluation of portfolio 2,087,840 (20,000) (3l,399) 23S,958 1,944,183 {38,618) 18?.275 Closing valuation 25 at 31, December 2024 2,272,399 2,087,840 I'he Charity's investment in the UK and worldwide markets has been incliidcd in the balance shect at Market valul. bmsed on extemal pi'ofessional valuation5. Any gains are used by Ihe Charily for ch(Iril(IblL purposes thLrLlorL no lax is due on Éhe unrealised revaluation gains. 7. FUNDS OF THF. CHARITY All fund5 of the charity are unrestricted. 8. RELATED PARTY TRANSACTIONS Included in paymenls is £21,181 to Crumlin Evangelical Presbyterian Church to cover the ¢ongre¥ational utility, building and maintenance expenses and to conlribule toward% the church's doiialions oulwards. Both ¢harities have common trustees.