The Church of St. John the Bapt5st, Agherton Parish. Portstewart (PORTSTEWART/AghertonlSt. John the BaptisVConnor/Church of Ireland) Annual report and financial statements For the year ended 31 Dember 2023 Reglstered Charity Number: NIC 102532
The Church of St. John the Baptist. Agherton Parish, Portstewart Annual report and financia5 statements for the year ended 31 Dernber 2023 Contents Pages References and administrative details 34 Trustees, annual report Independent examinerfs report to the Trustees Statement of financial activities io 8alance sheet li Notes to the financial statements 12-21 21Page
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 Contart Address: The Parish Office 19 Church Street Portstewart BT77 7AH Trustees (Selert Vestry) Frank Dobbs, Rev. Malcolm Ferry• Rosemary Peters Gallagher, Davld 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 Cler8y: Rector- Rev. Malcolm R. K. Ferry Ordained Local Minister: Brian Shaw Mlnlstry Team: Frank Dobbs (Outreach. Diocesan Reader). Brlan Shaw (Diocesan Reader), Wendy Floyd IPa5toral. Parish Reader), Jacqui aark (Sunday Surfer51. Wilf Ridge (Administration) Honorary Secretary: Honorary Treasurer: Church Warden- Rector: Church Warden - People: Glebe Warden- Rector: Glebe Warden- People: Sacristan: Parochial Nomlnators: Supplemental Parochial Nominators Diocesan Synodspersons Supplemental Diocesan Synodspersons Richard Mills. Liz Hanlon Honorary FWO Recorders: Rosemary Peters Gallagher/Wilf Ridge/Heather Lockhart Honorary Gift Aid/Buildin8 Fund Recorder: Wilf Ridge Maureen Grover 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 (under 35s) 31Page
The Church of St John the Baptlst, Agherton Parish, Port5tewart Reference5 and administrative details {Continuedl Parish Panel Isafeguarding Trust): Organist.. Assistant Organist: Parish Nurses.. Parish Webmaster As51Stance 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 INII LLP Waterford House 32 Lodge Road Coleraine BTS2 INB Bankers Danske Bank 18 Ballymoney Road Ballymena BT43 5BY
The Church of St. John the Baptist. Agherton Parish. Portstewart Trustees, Annual Report for the year ended 31 December 2023 The trustees present the annual report and accounts for the year ended 31 December 2023. Objectives 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 promoting, 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 offering support for those needing help are fundamental to the practical delivery of the benefits of Chri5ti3nity. A5 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 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 Benefit A5 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, Knlt & 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 select vestry have mitigated any potential harm from the artivlties by implementing Safeguarding Trust and we have child protection and fire safety policies in place. Parlsh Statistics Number of re8lStered households in the Parish-467 Registered vestry persons - 133 We have outlined below some of the special initiatives and activities whlch we undertook during the past year:_ Unlock We launched our 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 ralsed £10,250 in late 2022/early 2023. These funds are being used (over 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"
The Church of St. John the Baptist. Agherton Parish. Portstewart Trustees, Annual Report for the year ended 31 December 2023 (continued) Asylum Seeker5 Malcolm, our Rector, first reached out to the residents of the OYO Ramblers Hostel in 2022, to offer fellowship and support. Parishioners have contributed to a special restricted fund to assist with buying clothing and other nece5Slties for these refugees. Many ofthem 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 coronatlon 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 contributlon of£500 to the Causeway F¢)od Bank, Publlc Benefit The Parish has given careful consideration to the Charlty Commlssion for Northern Ireland's guidance on public benefit to ensure that the actives entered into durin8 the year have helped to achieve the Parlsh'5 objectives and activities, as well 35 providing public benefit. Flnanclal Revlew The Statement of Financial Activities ISOFAI show total net expenditure. before losses on investments, of £13,26412022 net income £14,217). Gains on investments amounted to £2,83712022- Loss of £18,105). Given the increase in interest rates, the Select Vestry agreed to Use funds from our Buildin8 Fund to pay off the outstanding loan on the Curatage. We recognise our assets including the Rectory, the Curatage and the exten51on to the Church. As the church itself is a heritage asset, it Is not intluded 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 parlsh. In addition, the Parish Centre was built in 1960 and there are no reliable records of the cost of this constructionl acquisition and va5uation approach for such a building lacks sufficient reliability. As a result, this building 15 not recognised in the parish balance sheet. Just over 60Yc 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 purposes or tied up in fixed assets. The Trustees continue to keep a tight control of costs. Going Concern The Trustees have reviewed the btsdgets 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. 61Paoe
The Church of st. John the Baptist, Agherton Parish. Portstewart Trustee< Annual Report for the year ended 31 December 2023 {continued) Structure, Governance and Management Governing Document und Constitution of the Churity Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the CharityTrustee5. 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 accustomed 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 election to the Select Vestry. Meeting5 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 positions for a period of one year. Selett Vestry rnembers 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 fi8ures approved by the General Synod of the Church of Ireland together with office and locomotory allowances. None of the Trustees (Selert Vestry) receive any remuneration or daim any expenses from the Parish. Organi5ational 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 elected at the General Vestry. The Select Vestry 15 chaired by the incumbent or other member of the clerbry 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 Select 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 Selert Vestry met 9 times during the year and the average attendance was 91%. Statement of Trustees, Responsibilities The trustees are responsible for preparingtheTrustees' Report and the financial statements In accordance with applicable law and regulation5. 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 financial statements have been prepared in accordance with applicable Accounting Standards and identify the standards in question, subject 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.
The Church of St. John the Bapt15t, 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 transactions and disclose with reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statement5 comply with the Charitie5 Acts {Northern Ireland} 2008 and 2013, the Charitv (Accounts and Reports) Regulations (Northern Irelandl 2008 and the provision of the Constitution of the Church of Ireland. They are also responsible for safeguarding the a55ets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. statement as to disclosure to our Independent examlner 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 charity's independent examiner is aware of that information. Independent Exam5ner The examiner, W G Martin FCA, has indicated his willingness to continue in offlce, and a resolution concerning hls reappointment will be proposed at the Annual Easter Vestry Meeting. On Behalf of the Trustees Mrs M Glover. Honorary Secretary 9.Rkn<L Dr R Peters Gallagher, Honorary Treasurer Date 12 March 2024
Independent Examiner5 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 2023, which are set out on page5 5 to 21. Re5pertive 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 procedure5 laid down in the General Directions given by the Charity Commlssion for Northern Ireland under section 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 Charitles Act and my examination was carried out in accordance with the General Directions given by the Charity Commission for Northern Ireland under section 65191 {bl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the ac¢ounts 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 8ivin8 me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charlties Act 4. 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 matters111 to141 above and, in connertion with following the Direttions of the charity Commission for Norther Ireland, I have found no matters that require drawing to your attention. Llo Name: Willian G Ma in FCA Professional Qualifi tion: Fellow of Chartered Accountants Ireland Address: Waterford House, 32 Lodge Road. Coleraine, BT52 1 NB Date: 12March 2024 91Paiye
The Church of 5t. John the Baptist, Agherton P3ri5h, Portstewart Statement of Flnancial Activities for the year ended 31 Dernber 2023 Unrestrlcted Funds 2023 Restrlcted Funds 2023 Endowment Fund5 2023 Total 2023 Total Z022 Note Income Donations & legacies Other trading activities Investment5 161.999 16.324 4,522 18,075 180,074 16,324 8,527 201,209 13,373 8,824 4,005 Total Income 182,845 18.075 4,005 204,925 223,406 enditure Charitable activlties Other T talEx 188.221 13,945 202,166 15,886 137 16,023 204.107 14,082 218,189 198,950 10,239 209,189 endlture Net Income/{expenditure) before transfers 119,3211 2,052 4,005 113,2641 14,217 Transfers between funds 4,005 14.0051 Net Incomel{expendlture) before other reco8nised galns and10sses 115,316) 2,052 113,2641 14,217 Gain/lLossl on investments 11,7091 4.546 2,837 118,1051 Net movement In funds 117,025) 2,052 4,546 110,4271 13,8881 Reconclllation of funds: Total funds brou8ht 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 IOIPaoe
The Church of St John the Baptist Agherton Parish. Portstewart ststement 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 wlthin one year Bank Loans Total creditors 16,3001 {6,300) Net Current A55ets 119,511 166,836 Creditors- amounts falling due after morethan one year Bank Loans Total Net Assets 136,3131 1,235,460 1,225.033 The funds of the parish Unrestricted fund5 General funds 14 287,707 304.732 Total Unrestricted Funds Restritted Funds Endowment Funds 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. th The financial statements on pages 5 to 21 were approved by the Board of Trustees (Select Vestry) on 12 March 2024 and signed on its behalf by- Mrs Maureen Glover, Honorary Secretary Rs.ekn4 Dr Rosemary Peters Gallagher, Honorary Treasurer Date: 12 March 2024 IIIPa"
The Church of St John the Baptist, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2023 l. Accounting policies The principal accounting policie5 adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follow5.. al Basi5 of preparation The financlal statements have been prepared on a going concern basi5 in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- Icharities 50RP IFRS 10211, the Flnancial 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 liabillties are Initially recognised at historical cost and transaction value unless Otherwise stated in the relevant accounting policy notelsl. b} Preparatlon of accounts on a going concern basls The Parish 8enerally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed budget5 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 a5 they fall due for the foreseeable future. Therefore, these financial staternents have been prepared on a going concern basis c) Income Plate Collections and freewill offerings are accounted for on a cash recelpts basis a5 the amount Is collected Income arislng from the rental of Parish Centre facilities to third partie5 is reco8nised when the parish has entitlement to the fund5, any performance conditions attached to the income have been met, it is probable that the Income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, Is recogni5ed when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is 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 unrestrirted or restricted funds accordin8 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. dl 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 is charged as a cost against the activity for which the expenditure was incurred. 121Page
The Church of St John the Baptist, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 Dernber 2023 (continued) l. Accounting policies (continued} e} Tangible assets The assets of the Parish comprise-_ Church Building Parish Centre Rectory CurataEÈ Fixtures and fittings The Church BuildinE 15 deemed to be a heritage asset as defined by the Charities 50RP IFRS1021. This heritage asset 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. 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 bullding lacks sufficient reliability. As a result. this building is not retO8nised in the parish balance sheet. The Rectory and Curatage are recognised at cost / deemed cost. belng the estimated fair value of the property at 31 December 2018. No depreciation has been provided on the Rertory or Curatage as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Flxtures 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 reportin8 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 £1,000. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the new disposal proceed5 and the carrying amount is recognised in the statement of financlal activities and included in 'Other operating Ilosses)18ains'. 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. Unreali5ed 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 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 reali5ed and unrealised gains and10sses 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.
The Church of St John the Baptlst, Agherton Parlsh. Portstewart Notes to the financlal statements for the year ended 31 December 2023 {continuedl Accounting policies {continued) h) Flnancial instruments The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic flnancial instruments are initially recognised at transartion price and subsequently measured at their settlement value. 11 Funds Fund5 are classified as either restricted funds, endowment funds or unrestrirted 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 wlthin the wider objects of the Parish. Endowment funds are funds which have been Eiven 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. l) Retlrement Beneflts Payments to defined contribution retirement benefit scheme5 are charged as an expense as they fall due. Critlcal accountln8 judgements and estlmation uncertainty Estimates and judgments made In the process of preparlng the financial statements are continually evaluated and are based on historical experience and other factors. includin8 expectations of future events that are believed to be reasonable under the circumstances. The trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there are any critical accounting estimates or assumptions which may have Sl8nificant risk of causing a material adjustment to carryin8 amounts of assets and liabilities within the next financial vear. 141P&"
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 Funds 2023 Restrirted Endowrnent Funds Funds Total Total 2022 2023 2023 2023 Plate Collections Freewlll Offerings (regular & annuall Tax recovered on Donations Donations- general Donations- magazlne Bequests Covid Grant- Diocese of Connor Donations re flower5 Special collertions- RBL Donations re refugees King's Chorale Government heating grant Harvest Appeol Tax recovered on donations EAGrant Other Sunday Surfers income Youth Club income Choir Men's Soclety Little Surfers income 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 63 1,000 1,964 141 260 63 9,990 2,181 1,600 2,446 249 1,964 141 loo 330 193 994 193 994 180,074 iio 1,050 201.209 161.999 18,075 4. Other trading activitles Unrestri¢ted Funds 2023 Restrirted Endowment Funds Funds 2023 Total 2023 Total 2022 2023 Contributians from users of the Parish Centre Rent from Curdtage Other- magazine advertisin8 8.790 8,790 5,804 7A59 75 7,459 75 7,419 150 16,324 16,324 13,373 5. Investments Unrestrirted Restricted Endowment Funds 2023 Fund5 2023 Funds 2023 Total Total 2023 2022 Investment Income 4.522 4,522 4,005 4.005 8,527 8,527 8,824 8,824 151Pa(re
The Church of St John the Baptist, Agherton Parish. Portstewart Note5 to the financial statements for the year ended 31 Dernber 2023 (continued) Analysis of Expenditure UnrÈstricted Funds Re5trirted Funds 2023 Endowment Funds 2023 Total Total 2022 2023 2023 Charitable Artivities Wages and Sa5aries Pension contributlons- clergy PAYE/NIC Asslsting/vlsltlng clergy Diocesan c05tslassessmerbt Church runnSng costs Church repairs Rectory rates Rectory runnlng cost5 Rectory repalrs and refurbishment Parish Centre costs- heat and light ParSsh Centre cost5- repair5 Replacement boiler- Parish Centre Charitable donations Computer and photocopier costs Telephone Office supplies and cleanlng products Sunday khool prlzes etc. Parish Nurse requSsite5 Depretiation Speclal collection RBL Harvest Appeal- Sudan Choir expenses Youth Club expenses Parent Toddler expenses Men's 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 3,098 379 1,470 1,827 694 3,098 379 1,431 366 498 2,162 2,162 2,252 2,252 2,944 346 2.763 131 2,763 131 425 1,022 1,022 677 353 665 677 129 834 129 834 500 198,950 188,221 15,886 204.107 Other Costs Insurance Online servlce5 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 Bank interest and charges Curatage- rate5 Curatage- repalrs Maintenance of website Total Expenditure 125 12 188 335 202,166 16,023 218,189 209,189 No governance costs were incurred during the year and the independent examiner acts on an honorary basis. 161Page
The Church of St John the Baptist. Agherton Parish. Portstewart Notes to the financial statements for the year ended 31 December 2023 (continued) 7. Gain/lLoss) on Investments 2023 2022 Unrealised gainslllossesl on investments 2,837 2.837 {18,1051 118.1051 8. Taxation The Church is recognised as a charity for the purposes of appllcable 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 Salarles and wages National insurance costs Pension contributions Total 91,359 12,788 12,778 116,925 85,897 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 Ministerlal support Administration Muslc staff Premises maintenance Nurses Key Management and Trustees Key management are deemed to comprise theTrustees. The parish paid expenses of £5,85012022- £5,057) relatin8 to the running costs and £2,985 {2022- £26.6621 relating to repairs and refurbishments to the glebe house which is occupied by the Rector. No trustee, apart from the Rector, recetved any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contrart or transaction entered into by the charity during the year. 171Page
The Church of St John the Baptist. AEherton Parish, PortStewart Notes to the flnancial statements for the year ended 31 December 2023 Icontinuedl 10. Tangible fixed a55ets Fixtures, Fittlngs and Equlprnent Bulldings Total C05t At beglnnlng of the year Addltion5 Dlsposals At end of the year 916.971 14.729 931,700 916,971 14,729 931,700 Depreclatlon At beglnning of the year Depreci3tlon Dlsposals At end of the year 7,972 2,252 7,972 2,252 10,224 10,224 Net book value at beglnnln8 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 Investrnents Other Inve5tmentS Total Balance at beglnnlng of the year Additions during the year DSsposals during the year Fair Value galn/l10551 on Investments Balance at end of the year 181,209 181,209 2,837 184,046 2,837 184,046 Analysls of Investments M & G Charlfund Church of Ireland Trustees Investments in RB UnitTrusts 71,032 90,905 22,109 184,046 71,032 90,905 22,109 184.046 181Page
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 Cash and cash equivalents Sundry Debtors 184,046 119,511 181.209 171,013 2,123 354.345 303,557 Financlal liabilities measured at amortised cost Bank loans and overdrafts 42,613 42,613 14. Analysls of Net Assets Among Fund5 General Designated Restricted Endowment Totsl Fixed Assets Investments Current Assets Net assets at 31 December 2023 150,000 71.032 66.675 287,707 771,476 921,476 184,046 119.511 1,225,033 113,014 52,836 824,312 113,014 191Paue
The Church of St John the Baptist. A8herton Parish. Portstewart Notes to the financial statements for the year ended 31 Dernber 2023 {continued) 15. Funds of the Parlsh Atljan 2023 At 31 Dec 2023 Income Expendlture Transfers 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 Restrlcted fund5 Building Fund Harvest Appeal Sunday Surfers Choir account Men's Society Little Surfers Flower account Refugees 807,048 12,171 1,056 1,245 iio 630 13,646 323 111,4771 12.7631 1121 11311 11291 16771 809,217 9,731 1,185 1,114 174 141 193 994 718 947 718 1,226 824,312 2,060 18,075 18341 116,0231 822,260 Unrestrlcted 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
The Church of St John the Baptlst, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2023 (conttnued) 16. Endowment income was received in respect of bequests invested from the following:_ 1819 M K O'Neill 1884 S Hamilton 1903 H T Gaussen 1915 H J Robinson 1925 Mis5 H E Greaves 1930 Miss M K Chaine Miss M J Mcmanus Mrs E B Matchette Mrs L Cooper Miss A P Norris W A Traill Mr Crawford A E Doran Miss S M Elder Mr5 A J Morrison Miss K A Nicholson J Millar J&MrsAEWade Mis5 1 F Gilmore Mrs R J Holmes WJKÈe Mrs M A Broomham Miss l A Graham F A Shawcross Mrs V M Mccavish Mrs F E Wilson Miss M Harris 1990 Mrs M A R McKir8an Miss N Walker W J Spence Miss J McKav Mrs D G WGilmore Mrs A McBride Miss A Arbuckle Ms M H Hartford Mts 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 1963 1966 1973 1974 1976 1979 1980 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 a separate pension scheme for the Rector. Contributions by the Parish are recorded as they are paid. 211Pa(ye