**CHARITY REGISTRATION No NIC108226**
## **MAGHERAFELT BAPTIST CHURCH ACCOUNTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **MAGHERAFELT BAPTIST CHURCH**
## **ACCOUNTS**
## **CONTENTS**
## **Year Ended 31 December 2024**
||**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 2024**
## **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 Mr D Laughlin Mr K Davidson (Resigned 2 April 2025) Mr J Orr Mr J Caulfield Mr D Henry Mr D Gibson Mr J Fulton Mr W T Logan Mr J Douglas Mr D Dawson Mr P Douglas (Appointed 29 March 2024)
## **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 2024**
## **Trustees’ Annual Report for the Year Ended 31 December 2024**
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 2024.
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 2024**
## **Achievements and performance**
The work of the Church has continued throughout 2024, 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 with 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 to young families.
## **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 net receipts of £5,471 (2023 – £1,126) in the year.
At 31 December 2024, the charity had cash funds of £104,785 (2023 - £99,314).
The Church uses Restricted and Unrestricted Funds in its accounting policies. Restricted Funds are used for money donated to the Church for specific purposes such as Missions etc. Unrestricted Funds from general offerings are used for all other purposes. Any shortfalls in the Restricted Funds are made up by transfers from the Unrestricted Fund.
Signed on behalf of the Trustees:
## **MR D LAUGHLIN**
Trustee
This report was approved by the board of trustees on 28 October 2025
3
## **MAGHERAFELT BAPTIST CHURCH**
## **INDEPENDENT EXAMINER’S REPORT**
## **Year Ended 31 December 2024**
## **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 2024 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: 28 October 2025
4
## **MAGHERAFELT BAPTIST CHURCH**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **Year Ended 31 December 2024**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2024**
**2024**
**£**
**£**
**RECEIPTS**
Donations
77,885
-
Gift Aid
17,592
-
Loan repayments
-
-
Interest received
306
-
Other receipts
5,917
18,507
**TOTAL RECEIPTS**
101,700
18,507
**PAYMENTS**
Baptist missions
7,260
-
Baptist college
7,260
-
Baptist women
2,720
-
Baptist youth
4,235
-
Pastoral support scheme
3,630
-
Youth work
1,577
-
UFM support
-
-
Irish Baptist networks
5,000
-
Pastor support
-
-
Internship support
-
-
Speakers expenses
5,025
-
Other charitable expenses
Mission Committee
19,020
-
3,627
17,500
Wages and salaries
3,367
-
Heat & light
7,287
-
Water & telephone
1,421
-
Cleaning
Independent Examination fee
2,004
1,140
-
-
Insurance
3,714
-
Website expenses
374
-
Subscriptions & licences
2,310
-
Bank charges
218
-
Sundry expenses
16,047
-
**TOTAL PAYMENTS**
93,609
21,127
**EXCESS OF RECEIPTS OVER**
**PAYMENTS FOR THE YEAR**
**BEFORE TRANSFERS**
8,091
(2,620)
Transfers
(2,620)
2,620
**EXCESS OF RECEIPTS OVER**
**PAYMENTS FOR THE YEAR**
5,471
-|**Total**
**Funds**
**2024**
**£**
77,885
17,592
-
306
24,424
120,207
7,260
7,260
2,720
4,235
3,630
1,577
-
5,000
-
-
5,025
27,647
17,500
3,367
7,287
1,421
2,004
1,140
3,714
374
2,310
218
16,047
114,736
5,471
-
5,471|**Total**
**Funds**
**2023**
**£**
90,688
17347
-
298
17,030
125,363
6,600
7,600
2,475
3,850
3,300
1,319
-
5,000
298
-
5,500
18,322
31,320
3,006
9,542
1,520
2,020
1,680
3,400
439
2,222
217
14,607
124,237
1,126
-
1,126|
|---|---|---|
Signed on behalf of the Trustees:
**MR D LAUGHLIN**
**Date:** 28 October 2025
5
**MAGHERAFELT BAPTIST CHURCH**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **As at 31 December 2024**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2024**
**2024**
**£**
**£**
**FUNDS RECONCILIATION**
Cash at bank & in hand at 1 Jan 2024
99,314
-
Surplus/(deficit) for the year
5,471
-
Cash at bank & in hand at 31 Dec 2024
104,785
-
**BANK AND CASH**
Current accounts
104,785
-
**OTHER ASSETS (Unrestricted fund)**
Property (insurance value)
Fixtures, fittings & equipment
(insurance value)|**Total**
**Funds**
**2024**
**£**
99,314
5,471
104,785
104,785
4,704,000
329,684
5,033,684|**Total**
**Funds**
**2023**
**£**
98,188
1,126
99,314
99,314
4,704,000
329,684
5,033,684|
|---|---|---|
Signed on behalf of the Trustees
**MR D LAUGHLIN Date:** 28 October 2025
6
## **MAGHERAFELT BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **Year Ended 31 December 2024**
## **1. RECONCILIATION OF CASH FUNDS**
|Total cash funds at 1 January 2024
Receipts for the year
Payments for the year
Total cash funds at 31 December 2024|**2024**
**£**
99,314
120,207
(114,736)
104,785|
|---|---|
## **2. MOVEMENT IN FUNDS**
|**Unrestricted Funds**
General fund
**Restricted Funds**
Church fund
**Total Funds**|**At 1 Jan**
**2024**
**£**
**Incoming**
**Resources**
**£**
99,314
101,700
-
18,507
99,314
120,207|**Outgoing**
**Resources**
**£**
(93,609)
(21,127)
(114,736)|**Transfers**
**£**
(2,620)
2,620
-|**At 31 Dec**
**2024**
**£**
104,785
-
104,785|
|---|---|---|---|---|
|||
(114,736|||
## **3. TRANSACTIONS WITH THE TRUSTEES**
There were no transactions with Trustees in the year.
7