The Church of St. John the Baptlst, A8herton Parlsh, Portstewart (PORTSTEWART/AghertonlSt. John the Baptist/Connor/Church of Ireland) Annual report and financial ststements For the year ended 31 December 2022 Registered Charlty Number. NIC 102532
The Church of St. John the Bapt15t, Agherton Parish, Portstewart Annual report and financlal statements for the year ended 31 December 2022 Contents Pages Fleferences and administrative detai15 34 Trustees. annual report Independent examiner's report to the Trustee5 Statement of financi31 activitie5 io Balance Sheet li Notes to the financial statements 12-21
The Church of St John the Baptist. Agherton Parish, Portstewart References and administrative details Charity Name: The Church of St John the Baptist. Agherton Parish. Portstewart IPORTSTEWART/Agherton/St. John the Baptist/connor/Church of Ireland) Charity Registration Number". NIC 102532 Contact Address: The Parish Office 19 Church Street Portstewart BT77 7AH Trustees (Select Vestry) Frank Dobbs. Rev. Malcolm Ferry. Wendy Floyd, Rosemary Peters Gallagher, Kim Gillan, Paul Girvan, Maureen Glover, Alicean Handforth, Garry Huffington, John Lindsay. Heather Lockhart. Ross McLaughlin, David Moore, Danny Platt, Wilf Rid8e, Rae Scott Prlncipal Office bearers/parish team Clergy: Rertor- Rev. Malcolm R. K. Ferry Diocesan Reader". Brian Shaw Parish Intern: Rev Andrew Neill Ministry Team: Frank Dobbs (Outreach, Diocesan Reader), Brian Shaw (Diocesan Reader), Rosemary Ridge (Parish Reader). Wendy Floyd IPastoral, Parish Reader). Jacqui Clark (Sunday Surfers), Wilf Rid8e {Administration} Honorary Secretary: Honorary Treasurer: Church Warden- Rector: Church Warden- People: Glebe Warden- Rector: Glebe Warden- People: Sacristan: Parochial Nominators: Supplemental Parochial Nominators Diocesan Synodspersons Supplemental Diocesan Synodspersons Wendy Floyd. Noel Martin Honorary FWO Recorders". Heather Lockhart/Wilf Ridge/Rosemary Peters Gallagher Honorary Gift Aid/Building Fund Recorder: Wilf Ridge Maureen Glover Rosemary Peters Gallagher John Lindsav Alison Huffin8ton David Moore Danny Platt Diana Hall Frank Oobbs, Wendy Floyd, Paul Girvan, Rae Scott Kim Gillan, Rosemary Peters Gallagher, David Moore, Danny Platt, Frank Dobbs, Maureen Glover
The Church of 5t John the Baptlst, Agherton PaTlsh, Portstewart References and admlnlstrative details (Continued) Parish Panel Isafeguarding Trust)". Organi5t'. Assistant Organist: Parish Webmaster Assistance with online services Sexton: Offlce Admlnistrator- Rector, Vera Graham, Lorraine Gamble, Jacqui Clark Loui5 Fields Wilf Ridge Garry Huffington David Huffington, Natalie Taylor Derek Scott Leisa Duffy Independent Emamlner W G Martln FCA Moore INI) LLP Waterford House 32 Lodge Road Coleralne BT52 INB Banker5 Danske Bank 18 Ballymoney Road Ballymena eT43 58Y 41Page
The Church of St. John the Baptist. Agherton Parish, Portstewart Truste* Annual Report for the year ended 31 December 2022 The trustees present the annual report and accounts forthe year ended 31 December 2022. Objectives and Actlvities The charitable purpose of the Church of Ireland 15 the advancement of religion. The principal function of The Church of St John the Baptist, Agherton Parish is to support the advancement of the Christian religion by promotin& through the work of the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical,. being open to and engaging with society as a whole and offerlng support for those needing help are fundamental to the prartical delivery of the benefits of Christianity. As a result of activity in the pursuit of the adVanrnent of the Christian religion, The Church of St John the Baptist, Agherton Parish has custody of property and of records, materials and artefacts of significance to the cultural and religiou5 heritage and maintenance of whlch 15 undertaken by the select vestry of The Church of St John the Baptist, Agherton Parish. Achlevements, Performance & Public Benefit As well as providing services of public worship and prayer, the Parish provides pastoral care, mi55ion and outreach work and supports various parish groups, including Sunday Surfers, Mothers Union, Parent and Toddler Group• Knit & Natter, Men's Societyi Gardening Club and Craft Club. These are all open to the general public and the various artivities are the means by which Christian witness and outreach are delivered. Parish artivities provlde benefit to the benÈficiaries benefits of public worship will include contributing to spiritual well-being of participants and the reinforcement of Christian values. The select vestry have mitigated any potential harm from the artivities by implementing Safeguarding Trust and we have child protection and fire safety policies in place. Impart of Covid 19 Parish artivities started to return to normal as we emerged from the pandemic. Our onllne service5 are well recelved and continue every week. Unlock We launched our Unlock initiative at Easter. Instigated by Rev Malcolm. this helped to restore a sense of fellowshlp as we emerged from various lockdowns. Parishioners were able to enjoy a cup of coffee and a chat before the 11am Sunday service. On several occasions we were joined by some motivational speakers. Parlsh Statistics Number of registered households in the Parlsh- 461 Registered vestry persons 137 We have outlined below some of the special initiatives and activities which we undertook during the past year:. Harvest Appeal Thank you to all those who contributed to the Harvest Appeal in October 2022. We were overwhelmed by the response. The amount donated was £12.171. including gift aid. As outlined in the Harvest Appeal leaflet. the money raised will be used to support the clergy and the people of the Diocese of Yei in South Sudan. The residue will be used to support the people of Pakistan via the Bishop's Appeal. 51Page
The Church of St. John the Bapt15t, Agherton Parish. Port5tewart Trustees, Annual Report for the year ended 31 December 2022 Icontinued) Tru55ell Trust Foodbank Whilst we were unable to collect and deliver food items to the Trussell Trust Food Bank, due to the pandemic, we have again made a financial contrlbution of £500. Publlc Beneflt The Parlsh has glven careful consideration to the Charity Commission for Northef n Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objettlves and activities, as well a5 providing public benefit. Flnanclal Revlew The Statement of Flnancial Actlvities ISOFAI show total net income, before losses on investments, of £14,21712021 £29,077). Losses on investments amounted to £18,10512021- Gain of £22.3761. We reco8nlse our asset5 including the Rectory, the Curatage and the extension to the Church. As the church Itself15 a heritage asset, it is not included on the balance Sheet as information on the cost or valuation 15 not available and svch information canrsot be obtained at a cost commensurate with the benefit to the users of the accounts and to Ihe parish. In addition, the Parish Centre was built in 1960 and there are no reliable records of the cost of thi5 construction/ acquisition and valuation approach for such a buildin8 lacks sufficient rellability. As a result, this buildlng Is not recognised In the parlsh balance sheet. Almost 60% of funds invested relate to endowments from parlshloners and whereby the capltal must be invested and the Parish may only spend the income. A significant proportion of parish funds are restricted for 5peclfic purposes or tled up in fixed assets, The Trustee5 contlnue to keep a tight control of costs. Goln8 Concern The Trustees have reviewed the budgets for the year ahead and are satlsfled that there are adequate fund5 In place to ensure that the Parish can continue its activities and the financial statements for the year end 31 December 2021 can be signed off as a going concern. Structure, Governance and Management Governlng Document ond Constltutlon of the Chorlty Chapter111 of the Constitution of the Church of Ireland governs Parishe5 and Parochial Organisation. The Select Vestry members are the Charity Trustees. Recrultment ond Appointment 015elert Vestry All 5ubscrlbing members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at le35t three months, may register as member5 of the general vestry of the parlsh, allowing them to attend and vote at meetings of the general vestry and to stand for election to the Select Vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry meeting. The select Vestry will hold their position5 for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be Served. 61P<igye
The Church of St. John the Baptist. Agherton Parish. Portstewart Trusteeg Annual Report for the year ended 31 December 20221continued) Pay and remuneration The Rector is paid directly by the Parish and receives a stipend in accordance with figures approved by the General Synod of the Church of Ireland together with office and locomotory allowances. None of the Trustees (Select Ve5tryl receive any remuneration or claim any expenses from the Parish. Organisational Strurture The Select Vestry is responsible for the day to day management of the parish. The Select Vestry consists of the Rector, the churchwardens, the glebe wardens and twelve other members of the general vestry elected at the General Vestry. The Select Vestry 15 chaired by the Incumbent or other member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions on matters of 8eneral concern and Importance to the parish including deciding how parish funds afe to be applied. The Select Vestry meets at times fixed by the members usually 9110 times per annum. Special meetings may be convened at any time by the chalrperson or the churchwardens. In 2022 the Select Vestry meet 10 times durin8 the year and the average attendance was 85%. Statement of Trustees, Responsibilltles The trustees are responsible for preparlng theTrustee5' Report and the financial statements in accordance with applicable law and regulations. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them ¢onsi5tently; make judgments and estimates that are reasonable and prudent.. state whether the financial statements have been prepared in accordan with applicable Accounting Standards and identify the standard5 in questlon, subject to any material departures being disclosed and explained in the financial 5tatements- and prepare the financial statements on the going concern basls unless it 15 inappropriate to presume that the Parish wlll continue as a going concern. The trustees are responsible for keeping accounting records that are sufficient to Show and explain the Parish's transactions and disclose with reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statements comply with the Charitie5 Art (Northern Ireland) 2008 and 2013, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2IY18 and the provision of the Constitution of the Church of Ireland. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. statement as to dlsclosure to our Independent examiner In so far as the trustees are aware at the timing of approving our trustees, annual report: there is no relevant information of which the charitvs independent examiner Is unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the charitys independent examiner is aware of that information. 71Pag7e
The Church of St. John the Baptlst. A8herton Parlsh. Portstewart Trustees. Annual Report for the year ended 31 December 2022 Icontinuedl Independent Examlner The examiner, W G Martin FCA, has indicated his willingness to continue in office, and a re501ution concerning his reappolntment will be proposed at the Annual Easter Vestry Meeting. On Behalf of the Trustees Mrs M Glover, Honorary Secretary 9.fLP Dr R Peters Gallagher, Honorary Treasurer Date l 4February 2023
Independent Examlners Report to the Trustees of the Church of St John the Baptist, Agherton Parish, Portstewart I report on the accounts of the charity for the year ended 31 December 2022, which are set out on pages 5 to 21. Respertive responsibilities of trustees and examiner As the charit¢s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It 15 my responsibility to- examine the accounts under settion 65 of the Charities Art follow the procedures laid down in the General Direttions given by the Charity Commission for Northern Ireland under settion 65191 of the charities Act state whether particular matters have come to my attention Basis of Independent examinerf5 report I have examined your charity accounts as requirÈd under sertion 65 of the Charities Act and my examination was carried out in accordance with the General Directions given by the Charity Commission for Northern Ireland under section 65191 Ib) of the Charities Att. My examination Included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also induded a consideration of any unusual items or disclosures In the accounts and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have corne to my attention givin8 me cause to belleve: That actountin8 records were not kept in accordance with section 63 of the Charltles Act That the accounts do not accord with those accountin8 records 3. That the accounts do not comply with the accounting requirements of the Charities Act That there is no further information needed for a proper understandin8 of the accounts to be reached Independent examinerfs statement I have completed my examinatlon and have no conrnS in respect of the matters (l) to141 above and, in connection with following the Direttions of the charity Commission for Norther Ireland, I have found no matters that require drawing to your attention. Name: Willian G Martin FCA Professional qualification: Fellow of Chartered Accountants Ireland Address: Waterford House, 32 Lodge Road, Coleraine, BT52 1 NB Date: Marth 2023
The Church of St. John the Baptlst. Agherton Parish, Portstewart Statement of Financlal Actlvltles for the year ended 31 December 2022 Unrestrlcted Funds 2022 Restrlcted Funds 2022 Endowment Funds 2022 Total 2022 Total 2021 Note Income Donations & legacies Other trading activlties Inveslments 172.788 13,373 4,572 28.421 201,209 13,373 8,824 200,700 9,563 8,479 4,252 Total Inc 190,733 28,421 4,252 223,406 218,742 Ex endltur Charltable actlvities Other Total Ex 151,298 10,114 161,412 47.652 125 47,777 198,950 10,239 209, 189 180,985 8,680 189,665 endltur Net Income/(expendfturel before transfers 29.321 119,356) 4.252 14,217 29,077 Transfers between funds 4,252 14.2521 Net Income before other reco8nlsed galns and losses 33,573 119.356) 14,217 29,077 GalnllLossl on Investments 14,2901 113,8151 {18,1051 22,376 Net movement In funds 29,283 (19,3561 113,8151 13,8881 51,453 ReconclllatSon of funds: Total funds brought forward 275,449 841,616 122,283 1,239,348 1,187,895 Total funds carrled forward 304,732 822,260 108,468 1,235,460 1,239,348 Ioll'a gie
The Church of St John the Baptist, Agherton Parish, Port5tewart Statement of Financial Position / (Balance sheet) as at 31 December 2022 Note 2022 2021 Fixed Assets Tangible Fixed Assets Investments Total fixed assets io li 923.728 181,209 1,104.937 926,672 199,314 1,125,986 Current Assets Sundry debtors Cash and cash equlvalents Total current a55ets 12 2,123 171.013 173.136 22,812 138,388 161,200 Creditors- amounts falllng due wlthin one year Bank Loans Total creditors 16.3001 (6,300) {6,300) {6,3001 Net Current Assets 166.836 154,900 Credltors- amounts falling due after more than one year Bank Loans Total Net Assets (36.313) 1,235,460 141,538) 1,239,348 The funds of the parish Unrestrirted funds General funds 14 304,732 275,449 Total Unrestrirted Funds Restricted Funds Endowment Funds 304.732 822,260 108,468 275.449 841,616 122,283 14 14 Total Charity Funds 1,235,460 1,239,348 The notes on pages 12 to 21 are an integral part of these financial Statements. The financial statements on pages 5 to 21 were approved by the Board of Trustees (Select Vestry) on 14 February 2023 and signed on its behalf by- Mrs Maureen Glover, Honorary Secretsry 9 f Dr Rosemary Peters Galla8her, onorary Treasurer Date: February 2023 IIIPage
The Church of St John the Baptlst. Agherton Parlsh. Portstewart Notes to the financlal statements for the year ended 31 December 2022 l. Accountlng pollcles The principal accountlng policies adopted, judgements and kry sources of estimation uncertainty in the prepar3tlon of the financial statements are as follows- al Basls of preparatlon The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 102) - (Charitie5 SORP IFRS 10211, the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initlally recognised at hlstorical cost and transaction value unless otherwise stated in the relevant accountlll8 pollcy notel5). b) Preparatlon of accounts on a golng concern basls The Parish generally meets Its day to day Working capital requlrements from it5 annual income. The Trustees have obtained and reviewed budget5 for the comlng year and based on these are 5atlsfied that the Parish has resources to provide a reasonable expettation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, these financial statements have been prepared on a goln8 concern basis cl Income Plate Collections and freewill offerln8s are accounted for on a cash receipts basis as the amount is collected Income arlsin8 from the rental of Parlsh Centre facilities to third parties 15 reco8nlsed when the par15h has entltlement to the funds, any performance conditions attached to the income have been met, It is probable that the income wlll be recelved and the amount can be measured rellably. Income from government and other 8rants, whether 'capital' grants or 'revenue' grants, 15 recognised when the charlty ha5 entitlement to the funds, any performance conditions attached to the grant5 have been met, it is probable that the income will be recelved and the amount can be measured reliably and is not deferred. Legacies are inc5uded within Income under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. d} Expendlture Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, It Is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT 15 charged as a c05t against the activity for which the expenditure was incurred. 121Page
The Church of St John the Baptist, Agherton Parish. Portstewart Note5 to the financial statements for the year ended 31 December 2022 (continued) l. Accounting policies (continued) e) Tangible assets The assets of the Parish comprise:_ Church Building Parish Centre Rectory Curatage Fixtures and fitting5 The Church 8uildin8 is deemed to be a heritage asset as defined by the Charlties SORP IFRS102). This heritage asset 15 not Included on the balance sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Parish Centre was built in 1960. The are no reliable records of the cost of thls constructlonl acqulsltion and valuatlon approach for such a building lacks sufficient reliability. As a result, this buildin8 is not recognised in the parish balance sheet. The Rectory and Curatage are recognised at cost / deemed cost, bein8 the estimated fair value of the property at 31 December 2018. No depreciation has been provided on the Rettory or Curata8e as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds SO years. Fixtures and Fittings are recognised at cost and are depreciated on a 5trai8ht-line basis over a perlod of 5 years. The assets, residual values and useful lives are reviewed, and adjusted. rf appropriate, at the end of each reporting perlod, The effect of any change is accounted for prospectlvely. The Parish has set a minimum threshold of cost for an item to be consldered for capitalisatlon as a fixed asset- l.e. not less than £1,000. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the new disposal proceeds and the carrying amount is reco8nised in the statement of financial activities and included in 'Other operating Ilossesl/gains'. fj Investments Fixed asset investments comprising investments in M & G Charifund and investment in RCB and CIT Unit Trusts are initially recorded at Cost and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. Unrealised gains and losses represent the difference between the fair value at the be8inning and end of the financial year or. if purchased in the vear. the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within "Net Gains I ILossesl on Investments. within the Statement of Financial Activities. gl Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditors: Amounts falling due within l year.
The Church of St John the Baptlst. A8herton Parlsh. Port5tewart Notes to the flnanclal statements for the year ended 31 December 2022 (continued) Accountln8 pollcles Icontlnued) h) Flnanclal Instruments The Parish only has financial assets and financlal liabilities of a kind that qualify a5 basic financial Instruments. Basic financial in5trument5 are initlally recognised at transaction price and subsequently measured at their settlement value. 11 Fund5 Funds are classlfied as elther restrlcted funds, endowment funds or unrestricted funds, deflned a5 follows. Restricted funds are funds subject to specific requlrements a5 to their use whlch may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish. Endowrnent funds are funds whlch have been given on the condltion that the original capital sum is not reduced, but the Income therefrom is used for the purpose defined in accordance with the objects of the Parish. Unrestricted funds are expendable at the discretion of the trustees In furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the di5cretlon of the trustees for a particular purpose, they are designated as a separate fund. Thls deslgnation has an adminlstrative Purpose only and does not legally restrict the trustees, discretlon to apply the fund. l) Retlrement Beneflts Payments to deflned contrlbution retlrernent benefit schemes are charged as an expense as they fall due. 2. Crltlcal accountln8 judgements and estlmatlon untertalnty Estimates and judgments made In the process of preparin8 the financial statements are continually evaluated and are based on hlstorical experlence and other factors, Including expectations of future events that are believed to be reasonable under the circumstance5. The trustees do not consider that there are any crltital jud8ment5 made in applying the Parlsh's accountin8 policies or that there are any critical accountin8 estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of a55ets and liabilities withln the next financial year. 141Page
The Church of St John the Baptist. Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 202Z (continued) 3. Donation5 and legacies Unrestricted Funds Restritted Fund5 Endowment Funds 2022 Total Total 2021 2022 2022 Plate Collections Freewlll Offering5 Ire8ular & annuall Tax recovered on Oonations Donations- 8eneral Donations- magazlne Covid Grant- Oiocese of Connor Speclal collertions- R8L Harvest Appeal Tax recovered on donatlons EA Grant Other Insurance clalm HMRC furlough grant Grant from Prlorities Fund Bequests Craft Fair sunday Surfers income Malntenance 8rant Crest of a Wave Youth Club Income Cholr Men's Society Llttle Surfers Income 3.136 114.098 25,627 3,136 124.558 27.968 3.563 55 1,510 346 1,311 113.980 28,285 4,210 1.352 10,460 2.341 55 LSIO 9,990 2,181 9,990 2,181 7.035 2.446 979 649 4,369 22.007 22,007 12.492 140 249 249 92 10,000 5.965 196 100 330 iio 330 iio 1,060 28,421 1,060 201,209 645 172,788 200,700 4. Other trading artivitie5 Unrestrlrted Funds Restrfcted Endowment Funds Funds 2022 Total 2022 Total 2021 2022 2022 Contrlbutions from users ot the Parish Centre Rent from Curatage Other- magazine advertising 2,125 7,419 150 7.419 7.438 13,373 13.373 9,563 S. Investments Unrestritted Funds Re51rirted Endowment Funds 2022 Fund5 Total Total 2021 2022 Investment Income 4,572 4,572 4,252 4.252 8.824 8.824 8.479 8.479
The Church of St John the Baptlst. Agherton Parish. Portstewart Notes to the financial statements for the year ended 31 December 2012 (contlnued) Analysis of Expendlture Unrestricted Fund5 Restrirted Funds Éndowment Funds 2022 Total Z022 Total 2021 2021 2022 Charftable Activltles Wages and Salarles Pension contrlbutlon5- der8y PAYE/NIC A551stlnglvi51tin8 clergy Diocesan costslassessment Church runnlng costs Church repalrs Rertory Tates Rettory runnln8 cost5 Rectory repairs and refurbishment Parlsh Centre tosts - heat and light Parish Centre costs- repalrs Charltable donatlons Adminlstratlon costs Sunday 5thool prlze5 etc. Parlsh Nurse reoulsltes Depreclatlon Speclal collertion - RBL Haivest Appeal - Wells In Uganda Crest of a Wave ChoSr expenses Youth Club expenses Parent Toddler expense5 Music scholarshlp 69.922 9,952 13,466 1,9Crf) 16,862 3,506 8.152 1.671 5.057 16.975 86,897 9,952 13.466 1,900 16,862 3,506 8,152 1,671 5,057 26,662 6,593 6,713 1,470 3.952 366 83,525 9,662 16,490 1,240 16,642 1,468 6,586 1,644 4,250 990 25,353 4.993 6,713 1,470 3.952 337 2,929 6,233 1,525 5,622 115 29 498 2,944 346 1,315 2.946 692 346 2.252 9,070 6,362 150 425 353 665 425 353 1,061 420 665 soo 500 198,950 750 151.298 47,652 180,995 Other Costs Insurance 3.745 3,745 2,080 1,828 1,072 991 188 3,524 2,120 67 Onllne servlces Sundrles Bank Interest and tharges Curatage- rates Curatage- repalrs Malntenance of webslte Total Expendllure 1,703 1.072 991 125 785 1.195 989 335 335 161,412 47,777 209,189 189,675 No governance costs were incurred durlng the year and the Independent examiner acts on an honorary basis. 161Page
The Church of St John the Baptist. A8herton Parish. Port5tewart Notes to the financial statements for the year ended 310ecember 2022 (continued) 7. Gain/lLoss) on Investments 202Z 2021 Unrealised gains/llossesl on Investment5 118,1051 118,1051 22,376 22,376 8. Taxatlon The Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. 9. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Employee$ 2022 2021 Salarles and wages Notional Insuran costs Penslon contributions Total 86,897 13.466 9,952 110.315 83,525 16,490 9,662 109,677 The avera8e number of employees durin8 the year, calculated on the basls of a head count, was as follows: 2022 Number 2021 Number Minlsterial 5UPPOrt Admlnistratlon Music staff Premises maintenance Nurses Key Management and Trustees Key management are deemed to comprise the Trustees. The parish paid expenses of £5,05712021- £4,250} relating to the running costs and £26,66212021- £9901 relating to repairs and refurbishments to the glebe house which is occupied by the Rector. No trustee. apart from the Rector, received any remuneration or reimbursement of expenses durin8 the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. 171Page
The Church of St John the Baptlst. Agherton Parlsh, Portstewart Note5 to the flnanclal statements for the year ended 31 December 2012 (contlnuedl 10.Tanglble flxed assets Flxtures, Htting5 and Equlpment Buildings Total C05t At beglnnln8 of the year Additlon5 916,971 14.729 931,700 Dlsposals At end of the year 916,971 14,729 931,700 Depreclatlon At beglnnln8 of the year Depreclatlon DIsp05als At end of the year 5.028 2,944 5,028 7,972 7,972 Net book value at beglnnlng of the year Net book value at end of the year 916,971 916,971 9,701 6,757 926,672 923,728 11. Investments Usted Investments Other Investment5 Total Balance at be8lnnln8 of the year Addltlons durlng the year Disposals durln8 the year Fair Value 8aln/llos51 on Investments ealance at end of the year 199,314 199,314 118,1051 181,209 118,1051 181,209 An•lysls of Investments M & G Charlfund Church of Ireland Trustees Investments in RB Unlt Trust5 72.741 86,880 21,588 181,209 72.742 86,880 21,588 181,209 181Page
The Church of St John the Baptist. A8herton Parish. Portstewart Notes to the financial statements for the year ended 31 December 2022 (continued) 12. Debtors 2022 2021 Sundry debtors - gift èid Sundry debtOfS- Other 21.332 1,480 22.812 2,123 2.123 13. Financial instruments The charity has the following financial instruments: 2022 2021 Loans and receivables held at amortlsed cost Investments Cash and cash equlvalents Sundry Debtors 181,209 171,013 2,123 354,345 199,314 138,388 22.812 360,514 Financial Ilabilities measured at amortlsed cost Bank loan5 and overdrafts 42,613 42.613 47,838 47,838 14. Analysis of Net Assets Amon8 Funds General DeSIated Restrlcted Endowment Total Flxed Assets Investments Current Assets abilitles due within one year Liabillties after more than one year Net assets at 31 December 2022 150,QJ) 72.741 124.604 16,3001 136,3131 304.732 773.728 923,728 181,209 173,136 16,3001 136,3131 1.235,460 108,468 48,532 822,260 108,468 191 Pa
The Church of St John the Bapt15t, A8herton Parlsh. Port5tewart Notes to the flnancial statements for the year ended 31 December 2022 {continued) 15, Funds of the Par15h Atljan At 31 Dec 2022 2022 Income ExpedItUffÈ Transfers Endowment lunds Bequests and legacies as set out at Note 16 122.283 4.252 113,8151 14,2521 108,468 122.283 4,252 113.8151 14.2521 108.468 Restrlrted funds 8ulldln8 Fund Harvest Appeal Sunday Surfers Choir account EA Grant Malntenante grant Men'5 Soclety Uttle Surfers Youth Club 821.977 6,975 836 L340 12.801 12,171 249 127,7301 16,9751 1291 14251 11,6001 iio,(mi B07,048 12,171 1,056 1,245 330 1,6 10.0 iio 1,060 io) iio 235 16651 13531 147,777 630 253 841.616 28.421 822,260 Unreslrlcled funds General Fund 275.449 275,449 190,733 190.733 1165.7021 1165,7021 4,252 4,252 304,732 304,732 Total funds 1,239,348 223,406 1227.2941 1,235,460 20IPage
The Church of St John the Baptist, Agherton Parish. Portstewart Note5 to the financial statements for the year ended 31 December 2022 {continued) 16. Income amounting to £8,094 was received in respert of bequests invested from the following:" 1819 1884 1903 1915 1925 1930 M K O'Neill S Hamilton H T Gaussen H J Robin50n Miss H E Greaves Mi$5 M K Chaine Miss M J Mcmanus Mrs E B Matchette Mrs L Cooper Mis5 A P Norris WA Traill Mr Crawford 1963 A E Doran 1966 Mi55 S M Elder 1973 Mrs A J Morrison 1974 Miss K A Nicholson 1976 J Millar 1979 J&MrsAEWade 1980 Mi$51 F Gilmore Mrs R J Holmes WJKee Mrs M A Broomham Miss l A Graham F A Shawcro55 Mrs V M Mccavish Mrs F E Wilson Mi55 M Harris 1990 Mr5 M A R McKirgan Miss N Walker W J Spence Mis5 J McKay Mrs D G W Gilmore Mrs A McBride Miss A Arbuckle M5 M H Hartford Mrs G Wellwood 1998 Miss G E Smyth Ms M F Murphy 2000 Mrs G Frizzell Miss H A N Millar 2001 N C Collins 2002 G K England Mrs E Brown Miss K F Harvey and Miss E Harvey Mrs E M Hackett W D Archibald Mr & Mrs E Downey Miss G Cooke Mrs E Dunlop Rev Canon J F Hawkins E Ardill Miss E Porterfield 2007 Prof. A Alcock 2011 A F White 2014 Mrs S Hay 2015 Miss A McBride 1993 1994 1996 1997 1931 1942 1959 2003 2005 1983 1984 1986 1988 17. Retirement benefit schemes The Parish operatÈ5 a defined contribution scheme for all eligible employees. The assets of the fund are held separately from those of the Parish in an independently administered fund. The Diocese operates a separate pension scheme for the Rector. Contributions by the Parish are recorded as they are paid. 21 IPagie