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 De￿mber 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 tak￿ng 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- Di￿eSe 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
Current￿Sets
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