**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
1
**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.
2
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:
- examine the accounts under Section 65 of the Charities Act (Northern Ireland) 2008;
- 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
- 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:
1. 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. That the accounts do not comply with the accounting requirements of the Charities Act.
4. 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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