The Church of St. John the Baptist. Agherton Parish, Portstewart (PORTSTEWARTIAgherton/SL John the Baptistlconnorlchurch of Irelarld) Annual report and financial statements For the year ended 31 December 2023 Registered Charity Number: NIC 102532 IIPage
The Church of St. John the Baptist, Agherton Parish, Portstewart Annual report and financial statements for the year ended 31 December 2023 Contents Pages References and administrative details Trustees, annual report Independent examinerfs report to the Trustees Statement of financial activities 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/A8herton/St. John the BaptisVConnor/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. Rosemary Peters Gallagher. David Gamble, Kim Gillan, Maureen Glover. Alicean Handforth. Alison Huffington. Garry Huffington. Lucy HufFington, John Lindsay. Heather Lockhart, David Moore, Danny Platt, Wilf Ridge. Rae Scott Principal Office bearers/Parish team Clergv: Rector- Rev. Malcolm R. K. Ferry Ordained Local Minister: Brian Shaw Ministry Team: Frank Dobbs {Outreach, Diocesan Reader), Brian Shaw (Diocesan Reader), Wendy Floyd (Pastoral, Parish Reader), Jacqui Clark {Sunday Surfers). Wilf Ridge (Administration) Honorary Secretary: Honorary Treasurer= Church Warden- Rector: Church W3rden- People- Glebe Warden- Rector: Glebe Warden- People". Sacristan: Parochial Nominators: Supplemental Parochial Nominators Diocesan Synodspersons Supplemental Diocesan Synodsperson5 Richard Mills, Liz Hanlon Honorary FWO Recorders: Rosemary Peters Gallagher/Wilf Ridge/Heather Lockhart Honorary Gift Aid/Building Fund Recorder- Wilf Ridge Maureen Glover Rosemary Peters Gallagher Alison Huffington David Gamble David Moore (until November 20231 Danny Platt Diana Hall Paul Girvan, Frank Dobbs, Wendy Floyd, Alison Huffington Rosemary Peters Gallagher, David Moore. John Lindsay. Alicean Handforth Frank Dobbs, Diana Hall. Lucy Huffington lunder 35sl
The Church of St John the Baptist, Agherton Parish, Portstewart References and administrative details (Continued) Parish Panel (Safeguarding Trust): Organist.. Assistant Organist: Parish Nurses= Parish Webmaster Assistance with online services Sexton.. Office Administrator: Rector. Vera Graham, Loraine Gamble, Jacqui Clark. Richard Mills Louis Fields Wilf Ridge Eileen Irwin, Noelle McNinch Garry Huffington David Huffington Derek Scott Leisa Duffy Independent Examiner W G Martin FCA Moore INI) LLP Waterford House 32 Lodge Road Coleraine BT52 INB Bankers Danske Bank 18 Ballymoney Road Ballymena BT43 5BY 41Page
The Church of St. John the Baptist, Agherton Parish, Portstewart Trustees, Annual Report forthe year ended 31 December 2023 The trustees present the annual report and accounts for the year ended 31 December 2023. Objertives and Activities The charitable purpose of the Church of Ireland is 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 rnission of the Church, pastoral, evangelistic, social and ecumenical- being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity- As a result of activity in the pursuit of the advancement 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 religious heritage and maintenance of which is undertaken by the select vestry of The Church of St John the Baptist, Agherton Parish. Achievements. Performance & Public Benefrt As well as providing services of public worship and prayer. the Parish provides pastoral care. mission and outreach work and supports various parish groups. including Sunday Surfers. Mothers Union. Parent and Toddler Group, Knit & Natter, Men's Society, Gardening Club and Craft Club. These are all open to the general public and the various activities are the means by which Christian witness and outreach are delivered. Parish activities provide benefit to the beneficiaries benefits of public worship will include contributing to spiritual well-being of participants and the reinforcement of Christian values. The selert vestry have mitigated any potential harm from the artivities by implementing Safeguarding Trust and we have child protection and fire safety policies in place. Parish Statistics Number of registered households in the Parish- 467 Registered vestry persons - 133 We have outlined below sorne of the special initiatives and activities which we undertook during the past year:_ Unlock We launched aur Unlock initiative at Easter 2022. Instigated by Rev Malcolm. this helped to restore a sense of fellowship as we emerged from various lockdowns. Parishioners are able to enjoy a cup of coffee and a chat before the 11am Sunday service and this has proved to be very popular. Harvest Appeal We raised £10,250 in late 2022/early 2023. These funds are being used lover a period of 3 years) to train and support clergy and farmers to set up sustainable coffee growing in Sudan. The parish has had a long association with the Diocese of Yei in Sudan. 51Pa<re
The Church of St. John the Baptist, Agherton Parish, Portstewart Trustees, Annual Report for the year ended 31 December 2023 (continued) Asylum Seekers Malcolm, our Rector, first reached out to the residents of the OYO Rambler5 Hostel in 2022, to offer fellowship and support. Parishioners have contributed to a special restricted fund to assist with buying clothing and other necessities for these refugees. Many of them now regularly attend and help out at church. Several were baptized at Easter and more will be baptized this year. Coronation Weekend We enjoyed a special coronation picnic to celebrate the coronation of King Charles111 in May. Some of our Persian friends made the magnificent Coronation Cake which we all enjoyed. Causeway Foodbank We have again made a financial contribution of £500 to the Causeway Food Bank, Public Benefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objective5 and activities, as well as providing public benefit. Financial Review The Statement of Financial Activities ISOFAI show total net expenditure. before losses on investments, of £13,26412022 net income £14,217}. Gains on investment5 amounted to £2,837 {2022- Loss of £18,105). Given the increase in interest rates, the Select Vestry agreed to use funds from our Building Fund to pay off the outstanding loan on the Curatage. We recognise our assets including the Rectory, the Curatage and the extension to the Church. As the church itself is a heritage asset, it is 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. In addition, the Parish Centre was built in 1960 and there are no reliable records of the cost of this construction/ acquisition and valuation approach for such a building lacks sufficient reliability. As a result, this buildin8 is not recognised in the parish balance sheet. Just over 60¥0 of funds invested relate to endowments from parishioners and whereby the capital must be invested and the Parish may only spend the income. A significant proportion of parish funds are restricted for specific purpose5 or tied up in fixed assets. The Trustees continue to keep a tight control of costs. Going Concern The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year end 31 December 2023 can be signed off as a going concern.
The Church of St. John the Baptist. Agherton Parish, Portstewart Trustees, Annual Report for the year ended 31 Dember 2023 (contTnuedl Strutture, Governance and Management Governing Document and Constitution of the Charity Chapter111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the CharityTrustees. Recruitment andAppointment of Selert Vestry All subscribing 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 3CCUStomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for elertion 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 Selett Vestry will hold their positions 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. 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 Iselect Vestry) receive any rernuneration or claim any expenses from the Parish. Organisational Structure The Select Vestry is responsible for the day to day management of the parish. The Selert Vestry consists of the Rector, the churchwardens. the glebe wardens and twelve other members of the general vestry elerted at the General Vestry. The Select Vestry is 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 general concern and importance to the parish including deciding how parish funds are to be applied. The Selett Vestry meets at times fixed by the members usually 9/10 time5 per annum. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vestry met 9 times during the year and the average attendance was 91%. Statement of Trustees, Responsibillties The trustees are responsible for preparing the Trustees, 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 consistently," make judgments and estimates that are reasonable and prudent- state whether the financi31 statements have been prepared in accordance with applicable Accounting Standard5 and identify the standards in question, subjett to any material departures being disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will continue as a going concern. 71Pa.
The Church of St. John the Baptist, Agherton Parish. Portstewart Trustees, Annual Report for the year ended 31 December 2023 (continued The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transaction5 and disclose with reasonable accuracy at any time the fsnancial position of the Parish and enable them to ensure that the financial Statements comply with the Charities Acts (Northern Ireland) 2008 and 2013, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008 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 takng reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure 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 charity's 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. Independent Examiner The examiner, W G Martin FCA, has indicated his willingness to continue in office. and a resolution concerning his reappointment will be proposed at the Annual Easter Vestry Meeting. On Behalf of the Trustees Mrs M Glover, Honorary Secretary Dr R Peter5 Gallagher, Honorary Treasurer Date 12 March 2024
Independent Examiners Report to the Trustees of the Church ot St John the Baptist, Agherton Parish. Portstewart I report on the account5 of the charityfor the year ended 31 December 2023, which are set out on pages 5 to 21. Respective 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 is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the General Directions given by the Charity Commission for Northern Ireland under sertion 65191 of the Charities Act state whether particular matters have come to my attention Basis of independent examinerfs report I have examined your charity accounts as required under settion 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 Ibl of the Charities Act. 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 included 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 come to my attention giving me cause to believe- 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 That the account5 do not comply with the accounting requirements of the Charities Act That there is no further information needed for a proper understanding of the accounts to be reached Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters {1} to14} above and, in connection with following the Directions of the charity Commission for Norther Ireland. I have found no matters that require drawing to your attention. ulor Name: IAfillian G Ma in FCA Professional Qualifi tion: Fellow of Chartered Accountants Ireland Address: Waterford House, 32 Lodge Road, Coleraine, BT52 1 NB Date: I'zmarch 2024
The Church of St. John the Baptist, Agherton Parish, Portstewart Statement of Financial Activities for the year ended 31 December 2023 Unrestrirted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Total 2022 Note Income Donations & legacies Other trading activities Investments 161,999 16,324 4,522 18,075 180,074 16,324 8,527 201,209 13,373 8,824 4,005 Total Incorne 182,845 18,075 4,005 204,925 223,406 Ex enditure on: Charitable activities Other Total Ex 188,221 13,945 202,166 15,886 137 16.023 204,107 14,082 218,189 198,950 10,239 209,189 enditure Net Income/(expenditure} before transfers 119,321) 2.052 4,005 113,2641 14,217 Transfers between funds 4.005 14,0051 Net Incomellexpenditurel before other recognised Bains and losses 115.3161 2,052 113.264) 14,217 GainllLos51 on investment5 11.709} 4.546 2,837 118,1051 Net movement in funds 117,0251 2,052 4,546 110,4271 13,8881 Reconciliation of funds: Total fund5 brought forward 304.732 822,260 108.468 1,235,460 1,239,348 Total funds carried forward 287,707 824,312 113,014 1,225,033 1,235,460
The Church of St John the Baptist, Agherton Parish. Portstewart Statement of Financial Position / (Balance Sheet) as at 31 December 2023 Note 2023 2022 Fixed Assets Tangible Fixed Assets Investments Total fixed assets io li 921,476 184,046 1,105,522 923,728 181.209 1,104,937 Current Assets Sundry debtors Cash and cash equivalents Total current assets 12 2.123 171,013 173,136 119.511 119,511 Creditors- amounts falling due within one year Bank Loans Total creditors 16,3001 (6,300} Net Current Assets 119,511 166,836 Creditors- amounts falling due after more than one year Bank Loans Total Net Assets (36,313) 1,235,460 1,225,033 The funds of the parish Unrestricted funds General funds 14 287,707 304,732 Total Unrestricted Funds Restricted Funds Endowment Fund5 287,707 824,312 113,014 304,732 822,260 108,468 14 14 Total Charity Funds 1,225,033 1.235,460 The notes on pages 12 to 21 are an integral part of these financial statements. The financial statements on pages S to 21 were approved by the Board of Trustees (Select Ve5tryl on 12 March 2024 and signed on its behalf by= Mrs Maureen Glover, Honorary Secretary RseL4-V Dr Rosemary Peters Gallagher. Honorary Treasurer Date: 12 March 2024 11 |Pa(ye
The Church of St John the Baptist, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2023 l. Accountin8 policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows- a) Basis of preparation 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy notelsl. bl Preparation of accounts on a going concern basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed budgets for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expectation 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 going concern basis c) Income Plate Collections and freewill offerings are accounted for on a cash receipts basis as the amount is collected Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement to the funds, any performance conditions attached to the income have been met. it is probable that the income will be received 3nd the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants. is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it 15 probable that the income will be received and the amount can be measured reliably and is not deferred. Legacies are included 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) Expenditure 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 is charged as a cost against the attivity for which the expenditure was incurred. 121Pa
The Church of St John the Baptist. Agherton Parish, Portstewart Note5 to the financial statements for the year ended 31 December 2023 (continued) l. Accounting policies (continued) e} Tangible assets The assets of the Parish comprise-_ Church Building Parish Centre Rectory Curatage Fixtures and fittings The Church Building is deemed to be a heritage asset as defined by the Charities SORP IFR51021. This heritage asset is not included on the balance sheet a5 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. There are no reliable records of the cost of this construction/ acquisition and valuation approach for such a building lacks sufficient reliability. As 3 result. this building is not recognised in the parish balance sheet. The Rectory and Curatage are recognised at cost I deemed cost, being the estimated fair value of the property at 31 December 2018. No depreciation has been provided on the Rectory or Curatage as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Fixtures and Fittings are recognised at cost and are depreciated on a straight-line basis over a period of 5 years. The assets, residual values and useful lives are reviewed. and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. The Parish has set a minimum threshold of cost for an item to be considered for capitalisation as a fixed asset- i.e. not less than £l.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 recognised in the statement of financial activities and included in 'Other operating Ilosses}/gains'. f) 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 beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and 1055es 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 / (Losses) 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. 131Paqe
The Church of St John the Baptist, Agherton Parish, Port5tewart Notes to the financial statements for the year ended 31 December 2023 (continued) Accountin8 policies Icontinuedl h) Financial instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Ba51C financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. i) Fund5 Funds are classified as either restricted funds, endowment funds or unrestricted funds, defined as follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish. Endowment fund5 are funds which have been given on the condition 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 discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. jl Retirement Benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting judgements and estimation uncertainty Estimates and judgments made in the process of preparing the financial Statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circurnstances. The trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there are any critic31 accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year. 141Paoe
The Church of St John the Baptist, Agherton Parish. Portstewart Notes to the financial Statements for the year ended 31 December 2023 (continued) 3. Donations and legacies Unrestricted Restrirted Endowment Funds Funds 2023 Funds Total Total 2022 2023 2023 2023 Plate Collections Freewill Offerings Iregular & annuall Tax recovered on Donations Donations- general Donations- magazine Bequests Covid Grant- DieSe of Connor Donations re flowers Special collection5- RBL Donations re refugees King's Chorale Government heating grant Harvest Appeal Tax recovered on donations EAGrant 5.228 114,165 26,663 4.351 1,335 5,468 5,228 125,323 29,151 4,351 1,335 5,468 3,136 124,558 27,968 3,563 55 11,158 2,488 22,007 1,510 718 718 346 2,060 2,060 625 625 1,200 1,200 260 260 9,990 2,181 1,600 2.446 249 63 63 1,000 1964 1,000 1,964 141 Other Sundaysurfers income Youth Club income Choir Men's society Little Surfers income 141 loo 330 193 193 iio 994 994 1,060 201,209 161,999 18,075 180,074 4. Other trading activities Unrestricted Funds Restricted Endowment Funds 2023 Funds Total Total 2022 2023 2023 2023 Contributions from users of the Parish Centre Rent from Curatage Other- magazine athertising 8,790 8,790 5,804 7,459 75 7.459 75 7.419 150 16,324 16,324 13,373 5. Investments Unrestrirted Restrirted Endowment Funds Funds Funds Total Total 2023 2023 2023 2023 2022 Investment Income 4,522 4,522 4,005 4,005 8,527 8,527 8,824 8,824 151Paoe
The Church of St John the Baptist, Agherton Parish, Port5tewart Notes to the financial statement5 for the year ended 31 December 2023 (continued) Analysis of Expenditure Unre5tritted Restrirted Endowment Funds Funds 2023 Funds Total Total 2023 2023 2023 2022 Charitable Activities Wages and salaries Pension contributions- clergy PAYE/NIC Assisting/vi51ting clergy Diocesan costslèssessment Church running costs Church repairs Rectory rates Rectory running costs Rectory repairs and refurbishment Parish Centre costs- heat and light Parish Centre costs- repairs Replacement boiler- Parish Centre Charitable donation5 Computer and photocopier costs Telephone Office supplies and cleaning products Sunday School prizes etc. Parish Nurse requisites Depreciation Special collection - RBL Harvest Appeal - Sudan Choir expenses Youth Club expenses Parent Toddler expenses Men'5 society Support for refugees Music scholarship 93.289 10,848 12.788 3,740 17,362 3,978 11.064 1,787 5,850 2,985 5.516 6,049 93,289 10,848 12,788 3,740 17,362 3,978 11,064 1,787 5,850 2,985 5,516 6,049 9,100 1,447 4,041 816 86,897 9,952 13,466 1,900 16,862 3,506 8,152 1,671 5,057 26,662 6,593 6,713 9.100 1,447 4.041 816 1,470 1,827 694 3.098 379 3,098 379 1,431 366 2,162 2,162 2.252 498 2,252 2,944 346 2,763 131 2,763 131 425 1.022 1,022 677 353 677 665 129 129 834 834 500 188,221 15,886 204,107 198,950 Other Costs Insurance Online services 4.461 2.345 2,678 1.136 1,181 2,144 4,461 2,345 2,803 1,148 1,181 2,144 3,745 2,080 1,828 1,072 991 Sundries 125 Bank interest and charges Curatage- rates Curatage~ repairs Maintenance of website 12 188 335 Total Expenditure 202,166 16,023 218,189 209,189 No governance costs were incurred during the year and the independent examiner arts on an honorary basis.
The Church of St John the Baptist, Agherton Parish. Portstewart Notes to the financial 5tstementsfor the year ended 31 December 2023 (continued) 7. Gain/(Loss) on Investments 2023 2022 Unrealised gains/llossesl on investments 2,837 2,837 118,1051 118,1051 8. Taxation 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 Employees 2023 2022 laries and wages National insurance costs Pension contributions Total 91,359 12,788 12,778 116,925 86,897 13,466 9,952 110,315 The average number of employees during the year, calculated on the basis of a head count. was as follows- 2023 2022 Number Number Ministerial support Administration MUSIC Staff Premises maintenance Nurses Key Management and Trustees Key management are deemed to comprise the Trustees. The parish paid expenses of £5,85012022- £5,057) relating to the running costs and £2.98512022- £26.662) relating to repairs and refurbishments to the glebe house which is occupied by the Rector. No trustee, apart from the Rertor, received any remuneration or reimbursement of expenses during 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.
The Church of St John the Baptist, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2023 (continued) 10.Tangible fixed assets Fixtures, Fitting5 and Equipment Buildings Tots5 Cost At beginning of the year Additions 916,971 14,729 931,700 Disposals At end of the year 916,971 14,729 931,700 Depreciation At beginning of the year Depreciation Disposals At end of the year 7,972 2,252 7,972 2,252 10,224 10,224 Net book value at beginning of the year Net book value at end of the year 916,971 916,971 6,757 4,505 923,728 921,476 11. Investments Listed Investments Other Investments Total Balance at beginning of the year Additions during the year Disposals during the year Fair Value gain/llossl on investments Balance at end of the year 181,209 181,209 2,837 184,046 2,837 184,046 Analysis of Investments M & G Charifund Church of Ireland Trustee5 71,032 90,905 22,109 184,046 71,032 90,905 22,109 184,046 Investments in RB Unit Trusts 181Paire
The Church of St John the Baptist. Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2023 (continued) 12. Debtors 2023 2022 Sundry debtors- Other 2.123 2,123 13. Financial instruments The charity has the following financial instruments: 2023 2022 Loans and receivables held at amortised cost Investments 184,046 119,511 181,209 171,013 2,123 354,345 Cash and cash equivalents Sundry Debtors 303,557 Financial liabilities measured at amortised cost Bank loans and overdrafts 42,613 42,613 14. Analysis of Net Assets Among Funds General Designated Restricted Endowment Totsl Fixed Assets Investments 150,000 71.032 66.675 287,707 771,476 921,476 184,046 119,511 1,225,033 113.014 CurrentSets Net assets at 31 December 2023 52,836 824,312 113,014
The Church of St John the Baptist, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2023 {continued) 15. Fund5 of the Parish Atljan At31 Dec 2023 Income Expenditure Transfers 2023 Endowmentfunds Bequests and legacies as set out at Note 16 108.468 108,468 4,005 4.005 4,546 4.546 14.0051 14,0051 113,014 113,014 Restricted funds Building Fund Harvest Appeal Sunday Surfers Choir account Men's Society Little Surfers Flower accoLJnt Refugees 807.048 12,171 1.056 1,245 iio 13,646 323 111,4771 12,7631 1121 11311 11291 16771 809,217 9,731 1,185 1,114 174 141 193 630 994 947 718 718 2.060 18.075 18341 116,0231 1,226 824,312 822,260 Unrestricted funds General Fund 304,732 304.732 182,845 182,845 1203,8751 1203.8751 4,005 4,005 287,707 287,707 Total funds 1,235,460 204.925 1215,3521 1,225,033 20IPai7e
The Church of St John the Baptist, Agherton Parish. Portstewart Note5 to the financial statements for the year ended 31 December 2023 (continued) 16. Endowment income was received in respect of bequests invested from the following:_ 1819 1884 1903 1915 1925 1930 M K O'Neill S Hamilton H T Gaussen H J Robinson Miss H E Greaves Miss M K Chaine Miss M J Mcmanus Mrs E B Matchette Mrs L Cooper Miss A P Norris W A Traill Mr Crawford 1963 A E Doran 1966 Miss S M Elder 1973 Mrs A J Morri50n 1974 Mi55 K A Nicholson 1976 J Millar 1979 J&MrsAEWade 1980 Miss l F Gilmore Mrs R J Holmes WJKee Mrs M A Broomham Miss l A Graham F A Shawcross Mrs V M McCavi5h Mrs F E Wilson Miss M Harris 1990 Mrs M A R McKirgan Miss N Walker W J Spence Miss J McKay Mrs D G W Gilmore Mrs A McBride Miss A Arbuckle Ms 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. AAlcock 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 2006 17. Retirement benefit schemes The Parish operates 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 3 separate pension scheme for the Rector. Contribution5 by the Parish are recorded as they are paid. 211Paoe