CHARITY REGISTRATION No NIC108226
MAGHERAFELT BAPTIST CHURCH ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
MAGHERAFELT BAPTIST CHURCH
ACCOUNTS
CONTENTS
Year Ended 31 December 2022
| Page | |
|---|---|
| General Information | 1 |
| Trustees’ Report | 2 – 3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
MAGHERAFELT BAPTIST CHURCH
GENERAL INFORMATION
Year Ended 31 December 2022
Charity Name
Magherafelt Baptist Church
Charity Registration Number
NIC108226
Contact Address
6 Ballyronan Road Magherafelt Co Londonderry BT45 6BP
Trustees
Dr R Jennings Mr M Palmer Mr R MacDonald (Appointed 29 March 2023) Mr D Laughlin Mr K Davidson (Appointed 29 March 2022) Mr J Orr Mr J Caulfield (Appointed 29 March 2022) Mr D Henry (Appointed 29 March 2022) Mr D Gibson (Appointed 29 March 2022) Mr J Fulton Mr P Rodgers Mr W Logan (Appointed 29 March 2022) Mr J Douglas (Appointed 29 March 2022)
Independent Examiner
GM[c] G BELFAST Chartered Accountants Alfred House 19 Alfred Street Belfast BT2 8EQ
Bankers
Danske Bank 14 Broad Street Magherafelt BT45 6EA
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MAGHERAFELT BAPTIST CHURCH
TRUSTEES’ REPORT
Year Ended 31 December 2022
Trustees’ Annual Report for the Year Ended 31 December 2022
The Trustees present the Annual Report, including the Receipts and Payments account and Statement of Assets and Liabilities, of Magherafelt Baptist Church for the year ended 31 December 2022.
The charity is registered in Northern Ireland with the Charity Commission in Northern Ireland (CCNI) with charity number NIC108226.
Structure, Governance and Management
Governing Document and Constitution of the Charity
The Church is an unincorporated entity operating under the Constitution for Magherafelt Baptist Church.
Recruitment and Appointment
New trustees are appointed at the Annual Meeting of the Church every year and serve in the case of Deacons for 3 years and Elders for 5 years after which they may be proposed for re-appointment.
Trustees
The Trustees who served Magherafelt Baptist Church during the year are detailed on page 1.
Trustees meet on at least 3 occasions during the year.
Payments to Trustees
None of the trustees have any beneficial interest in the Church or received payment for undertaking trustee duties.
Management
Responsibility for the day to day running of the charity is delegated to the key management personnel as listed below: David Henry; Mark Palmer; Richard Macdonald; John Fulton; Jonathan Orr; Robert Jennings.
Objectives and Activities
The Church acknowledges the headship of Jesus Christ over his Church and exists to glorify the triune God by maintaining and promoting his worship both individually and corporately.
Its members devote themselves to the teachings of Scripture, to fellowship, breaking of bread, prayer and evangelism. They commit, with the help of God, to witness to the saving and sustaining power of the Lord Jesus Christ and to work for the extension of His Kingdom.
The principal charitable objective of the church is the advancement of the Christian faith according to the teachings of Scripture, the Doctrinal Statement and Baptist principles.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Church should undertake.
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MAGHERAFELT BAPTIST CHURCH TRUSTEES, REPORT (Cont'd} Year Ended 31 December 2022 Achievements and erformance The work ofthe Church has continued throughout 2022, seeing an increase in attendance at the various meetings of the Church despite a period of Pastoral vacancy. We have seen continuing development of our Young People and Youth Ministries wilh increased attendance from young people representing various parts of the community. In terms of community involvement, it has been a privilege to facilitate the work of Gold Surestart which reaches out lo young families and Hope Magherafell a local charity which is part of the Trussell Trust food network in the UK. Financial review The church is funded by voluntary gifts and donations, we make use of both the Gift Aid and Gift Aid Small Donations Scheme. The results for the period are set out in detail on pages 5 to 7. The charity returned nel receipts of £73,84312021 £11,609} in the year. At 31 December 2022, the charity had cash funds of £98,18812021 £24,345). The Church uses Restricted and Unreslricled Funds in its accounting policies. Restricted Funds are used for money donated to the Church for specific purposes such as Missions elc. Unrestricted Funds from general offerings are used for all other purposes. Any shortfalls in the Restricted Funds are made up by transfers from the Unreslricled Fund. Signed on behalf of the Trustees.. ,)L,/ MR D LAUGHLIN Trustee This report was approved by the board of trustees on 26 October 2023.
MAGHERAFELT BAPTIST CHURCH
INDEPENDENT EXAMINER’S REPORT
Year Ended 31 December 2022
Independent Examiner’s Report to the Charity Trustees of Magherafelt Baptist Church
We report on the accounts of Magherafelt Baptist Church for the year ended 31 December 2022 which are set out on pages 5-7.
Respective Responsibilities of Charity Trustees and Examiner
As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is our responsibility to:
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examine the accounts under Section 65 of the Charities Act (Northern Ireland) 2008;
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follow the procedures laid down in the general Directions given by the Commission under Section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and
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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 and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act.
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 disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
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That accounting records were not kept in accordance with Section 63 of the Charities Act.
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That the accounts do not accord with those accounting records.
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That the accounts do not comply with the accounting requirements of the Charities Act.
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That there is further information 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 1 to 4 listed above, and in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.
Mr Nigel Moore FCA GMcG BELFAST Chartered Accountants Alfred House, 19 Alfred Street Belfast BT2 8EQ Date: 26 October 2023
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MAGHERAFELT BAPTIST CHURCH RECEIPTS AND PAYMENTS ACCOUNT Year Ended 31 December 2022 Unrestricted Funds 2022 Restricted Funds 2022 Total Funds 2022 Total Funds 2021 RECEIPTS Donations Gift Aid Loan repayments Interest received Other receipts TOTAL RECEIPTS 84,913 18,634 72,000 215 84,913 18,634 72,000 215 76,805 14,136 3,600 98 199971 PAYMENTS Baptist missions Baptist college Baptist women Baptist youth Pastoral support scheme Youth work UFM support Irish Baptist nelworks Pastor support Internship support Speakers expenses Other charitable expenses Wages and salaries Heat & light Water & telephone Cleaning Insurance Website expenses Subscriptions & licences Bank charges Sundry expenses TOTAL PAYMENTS 6,500 6,500 6,000 2,250 3,500 3,000 1,194 1,000 5,000 4,050 4,000 2.410 21,641 46,362 9,012 1,441 1,738 3,100 690 1,971 244 6,589 5,938 1,250 2,500 2,000 819 6,000 2,250 3,500 3,000 1,194 1,000 5,000 4,050 300 4,000 2,410 11,241 46,362 9,012 1,441 1,738 3,100 690 1.971 244 540 21,168 44,451 3,927 1,542 1,272 3,200 462 1,857 129 10,400 EXCESS OF RECEIPTS OVER PAYMENTS FOR THE YEAR BEFORE TRANSFERS 86,266 (12,4231 73,843 11,609 Transfers EXCESS OF RECEIPTS OVER PAYMENTS FOR THE YEAR Signed on behalf of the Trustees.. MR D LAUGHLIN Date: 26 October 2023
MAGHERAFELT BAPTIST CHURCH STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2022 Unrestricted Funds 2022 Restricted Funds 2022 Total Funds 2022 Total Funds 2021 FUNDS RECONCILIATION Cash at bank & in hand at 1 Jan 2022 Surpluslldeficitl for the year Cash at bank & in hand at 31 Dec 2022 24,345 73,843 24,345 12,736 BANK AND CASH Current accounts OTHER ASSETS (Unrestricted fund) Property (insurance value) Fixtures, fittings & equipment {insurance value) Other loan 4,704,000 329,684 4,704,000 329,684 Signed on behalf of the Trustees MR D LAUGHLIN Date: 26 October 2023
MAGHERAFELT BAPTIST CHURCH
NOTES TO THE ACCOUNTS
Year Ended 31 December 2022
1. RECONCILIATION OF CASH FUNDS
| Total cash funds at 1 January 2022 Receipts for the year Payments for the year Total cash funds at 31 December 2022 |
2022 £ 24,345 208,498 (134,655) 98,188 |
|---|---|
2. MOVEMENT IN FUNDS
| Unrestricted Funds General fund Restricted Funds Church fund Total Funds |
At 1 Jan 2022 £ Incoming Resources £ 24,345 199,971 - 8,527 24,345 208,498 |
Outgoing Resources £ (113,705) (20,950) (134,655) |
Transfers £ (12,423) 12,423 - |
At 31 Dec 2022 £ 98,188 - 98,188 |
|---|---|---|---|---|
(134,655 |
3. TRANSACTIONS WITH THE TRUSTEES
There were no transactions with Trustees in the year.
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