The Church of St. John the Baptist, Agherton Parish, Portstewart (PORTSTEWART/Agherton/St. John the Baptist/Connor/Church of Ireland) Annual report and financial statements For the year ended 31 December 2024 Registered Charity Number: NIC 102532
The Church of St. John the Baptist, Agherton Parlsh, Portstewart Annual report and financial statements for the year ended 31 December 2024 Contents Pages References and administrative details Trustees, annual report Independent examiner's report to the Trustees Statement of financial activities io Balance sheet li Notes to the financial statements 12-20
The Church of St John the Baptist, Agherton Parlsh. Portstewart Reference5 and administrative details Charity N3me- The Church of St John the Baptist, Agherton Parish, Portstewart IPORTSTEWART/Agherton/St. John the BaptlSt/Connor/Church of Ireland) Charity Registration Number: NIC 102532 Contact Address: The Parish Office 19 Church Street Portstewart BT77 7AH Trustees (Select Vestry) Rev. Malcolm Ferry, Eleanor Anderson, Ann Brown, Frank Dobbs, Rosemary Peters Gallagher, David Gamble, Kim Gillan, Maureen Glover, Alicean Handforth, Alison Huffington. Lucy Huffington, John Lindsay, Richard Mills, Danny Platt, Wilf Ridge, Rae Scott, Derek Smyth Principal Office bearers/Parish team Clergy.. Rector- Rev. Malcolm R. K. Ferry Ordained Local Minister: Brian Shaw Theological College Intern James Shiels Ministry Team: Frank Dobbs (Outreach, Diocesan Readerl, Brian Shaw (Diocesan Reader). Wendy Floyd (Pastoral, Parish Reader), Jacqui Clark Isunday Surfers), Wilf Ridge {Administration) Honorary Secretary: Honorary Treasurer.. Church Warden- Rertor: Church Warden- People: Glebe Warden- Rector: Glebe Warden- People: Sacristan: Parochial Nominators: Supplemental Parochial Nominators Diocesan Synodspersons Supplemental Diocesan Synodspersons Richard Mills, Liz Hanlon Honorary FWO Recorders.. Rosemary Peters Gallagher, Wilf Ridge Honorary Gift Aid/Building Fund Recorder: Wilf Ridge Family Wellbeing Co-ordinator.. Naomi Jennings Maureen Glover Rosemary Peters Gallagher David Gamble Ann Brown Derek Smyth 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 35sl 31PacFe
The Church of St John the Baptist, Agherton Parish, Portstewart References and administrative details Icontlnuedl Parish Panel (Safeguarding Trust).. Organist- Assistant Organist: Parish Nurses.. Parish Webmaster Assistance with online services Sexton.. Office Administrator: Rector, Vera Graham, Loraine Gamble, lacqui Clark, Richard Mills Adam Roxborough/Louis Fields Wilf Ridge Eileen Irwin, Noelle McNinch Garry Huffington David Huffington Garry Huffington Leisa Duffy Independent Examlner W G Martin FCA Moore INII LLP Waterford House 32 Lodge Road Coleraine 8T52 INB Bankers Dan5ke Bank 18 Ballymoney Road Ballymena BT43 5BY 41PaLie
The Church of St. John the 8apt15t, Agherton Parish, Portstewart Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual report and accounts for the year ended 31 December 2024. 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 Baptlst, 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 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 Benefit 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, Mens 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 activities by implementing Safeguarding Trust and we have child protertion and fire safety policies in place. Parish Statistic5 Number of registered households in the Parish - 471 Registered vestry persons - 138 We have outlined below some of the special initiatives and activities which 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 continued to be very popular. Harvest Appeal We raised £8,025 in Autumn 2024. These funds are being used to provide a tractor to support the coffee farmers whom we support in Sudan. The parish has had a long association with the Diocese of Yei in Sudan. Pioneer Family Wellbeing Officer We were delighted to welcorne Naomi Jennings as our family wellbeing officer in August 2024. Naomi has already made a big contribution to parish life and is supporting families. Naomi heads up our Lifestart Foundation's Growing Child
The Church of St. John the Bapt15t, Agherton Parish, Portstewart Trustees, Annual Report for the year ended 31 December 2024 (continued) Programme. Funded by the Church of Ireland Board for Ministry, the programme is offered free of charge to local families to support and is aimed at supporting parents and carers as they guide their children through their early years. It is designed to reduce stress and give confidence, all while ensuring that children get the best start in life. Asylum Seekers 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 necessities for these refugees. Many of them now regularly attend and help out at church. Several were baptized during the year and more will be baptized this year. Publlc Beneflt 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 objectives and activities, as well as providing public benefit. Financial Revlew The Statement of Financial Activities ISOFAI show total net expenditure, before gains on investments, of £21,432 12023 - net expenditure £13,264). Gains on investments amounted to £8,886 12023 - Gain of £2,8371. We reco8nise our a55ets 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 building 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 purposes or tied up in fixed assets. The Trustees continue to keep a tight control of costs. Goin8 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 it5 activitie5 and the financial statements for the year end 31 December 2023 can be signed off as a going concern. 61 PagTe
The Church of St. John the Baptist. Agherton Parish, Portstewart Trustees, Annual Report for the year ended 31 December 2024 (continued) Structure, Governance and Management Governing Document ond Constitution OA the Chority Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees. 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 a5 part of this General Vestry rneeting. The Select 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 remuneration or claim any expenses from the Parish. Organisational Structure The Select Vestry is responsible for the day to day management of the parish. The Select Vestry consists of the Rector, the churchwardens, the glebe wardens and twelve other members of the general vestry elected at the General Vestry. The Select Vestry 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 Select Vestry meets at times fixed by the members usually 9/10 times 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 theryear and the average attendance was 91Yo. Statement of Trustees, Responsibilities 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 5Ultable 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. 71Pa
The Church of St. John the Baptist, Agherton Parish, Portstewart Trustees, Annual Report for the year ended 31 December 2024 {continuedl The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions and disclose with reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statements comply with the Charities Acts (Northern Ireland) 2008 and 2013, the Charity IAccounts and Reportsl Regulations INorthern 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 hente for taking 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 exarniner 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 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 Peters Gallagher, HonoraryTreasurer Date 11 March 2025
Independent Examiners Report to the Trustees of the Church of 5t John the Baptist, Agherton Parish. Portstewart I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 5 to 20. Respective responsibilities of trustees and examiner As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It 15 my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the General Directions given by the Charity Cornmission 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 section 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 settion 65191 Ibl of the Charities Act. My examination included a review of the accounting record5 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 That the accounts do not accord with those accounting records That the accounts 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 concern5 in respect of the matters111 to141 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. 1014 Name: Willian G Martin FCA Professional Qualification: Fellow of Chartered Accountants Ireland Address: Waterford House, 32 Lodge Road, Coleraine, BT52 1 NB Date: 11 March 2025 91Pa"
The Church of St. John the Baptlst, Agherton Parlsh, Portstewart Statement of Financial Actlvlties for the year ended 31 December 2024 Unrestrirted Funds 2024 Restrlcted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Note Income Donation5 & legacies Other trading activities Investments 144,164 21,586 4,748 34,107 178,271 21,586 8,845 180,074 16,324 8,527 4,097 Total Income 170,498 34,107 4,097 208,702 204,925 enditure on: Charitable activities Other Total Ex 187,065 12,088 199,153 30,981 218,046 12,088 230,134 204,107 14,082 218,189 enditure 30,981 Net Income/{expendlture} before transfers 128,6551 3,126 4,097 121,4321 113,2641 Transfers between funds 4,097 14,0971 Net Income/lexpenditure) before other recognised gains and losses 124,5581 3,126 121,4321 113,2641 G3in/lLos51 on investments 1,853 7,033 8.886 2,837 Net movement In funds 122,7051 3,126 7,033 112,5461 110,4271 Reconclllatlon of funds: Total funds brought forward 287,707 824,312 113,014 1,225,033 1.235,460 Total funds carried forward 265,002 827,438 120,047 1,212,487 1,225,033 IOIPa¥Je
The Church of St John the Baptist, Agherton Parish, Portstewart Statement of Financial Position / (Balance Sheet) as at 31 December 2024 Note 2024 2023 Fixed Asset5 Tangible Fixed Assets Investments Total fixed assets io li 919,224 192,932 1,112,156 921,476 184.046 1,105,522 Current Assets Cash and cash equivalents Total current assets 100,331 100,331 119,511 119.511 Total Net Assets 1,212,487 1,225,033 The funds of the parish Unrestrirted funds General funds 14 265,002 287,707 Total Unrestricted Funds Restricted Funds Endowment Funds Total Charity Funds 265,002 827,438 120,047 1,212,487 287,707 824,312 113,014 1,225,033 14 14 The notes on pages 12 to 20 are an integral part of these financial statements. th The financial statements on page5 5 to 20 were approved by the Board of Trustees (Select Vestry) on 11 March 2025 and signed on its behalf by.. Mrs Maureen Glover, Honorary Secretary 8.9. fL 14L< Dr Rosemary Peters Gallagher, Honorary Treasurer Date: th 11 March 2025 11 IPa
The Church of St John the Baptist, Agherton Parish, Port5tewart Notes to the financial statements for the year ended 31 December 2024 l. Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. al Basis of preparation The f inancial 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 liabilities 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 ba51S The Parish generally meet5 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 cl Income Plate Collections and freewill offerings are accounted for on a cash receipts basis a5 the amount is collected Income arising from the rental of Parish Centre facilities to third parties 15 recognised when the parish has entitlement to the funds, any performance conditions attached to the income have been rnet, 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 recognised 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 Intome 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. dl Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it 15 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. 121 Pa4e
The Church of St John the Baptist, Agherton Parish, Portstewart Note5 to the financial statements for the year ended 31 December 2024 (continued) l. Accounting policies (continued) el 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 a$5et 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/ 3CqUlSition and valuation approach for such a building lacks sufficient reliability. As a result, this building is not recognised in the parish balance sheet. The Rectory and Curatage are retognised at cost / 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 rernaining 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 ha5 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 proceeds and the carrying amount is recognised in the statement of financial activities and included in 'Other operating Ilossesl/gains'. n 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 losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within "Net Gains 1 (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 Parish, Portstewart Notes to the flnancial statements for the year ended 31 December 2024 {continuedl Accountin8 policies {contlnuedl h) Financial Instrument5 The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value. il Funds Funds are classified as either restricted funds, endowment funds or unrestricted funds, defined as follows. Restricted funds are funds subject to 5pecifit 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 funds are fund5 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. J) Retirement Benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critlcal accountlng judgements and estimation uncertalntv 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 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 a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year. 141Pagye
The Church of St John the Baptist, Agherton Parish, Portstewart Notes to the financial statements for the year ended 31 December 2024 (continued) 3. Donations and legacies Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Plate Collection5 Freewill Offerings (regular & annuall Tax recovered on donations Donations- general Donations- magazine Bequests Grant re tower Donations re flower5 Donations re refugees King's Chorale Government heating grant Senior Citizens, Black Santa collection Harvest Appeal Tax recovered on donations Choir Sunday Surfers income Men's Society EA Grant Youth Club income Little Surfers income Other Donation5 - Parishioners 4,994 107,618 24,287 2,309 500 4,994 115,471 26,007 2,309 500 5,228 125.323 29,151 4,351 1,335 5,468 7,853 1,720 15,000 240 200 15,000 240 200 718 2,060 625 1,200 210 210 6,655 1,370 50 6,655 1,370 50 260 63 141 193 1,000 70 70 1,491 60 889 2,505 250 178,271 1,491 60 889 994 1,964 2,505 250 144,164 34,107 180,074 4. Other trading activities Unrestricted Funds Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 2024 Contributions from users of the Parish Centre Rent from Curatage Other- magazine advertising 12,226 12,226 8,790 9,360 9,360 7,459 75 16.324 21,586 21,586 5. Investments Unrestricted Funds 2024 Restrirted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Investment Income 4,748 4,748 4.097 4.097 8,845 8,845 8,527 8,527
The Church of St John the Baptlst, Agherton Parlsh, Portstewart Notes to the financial statements for the year ended 31 December 2024 Icontlnuedl Analysls of Expenditure Unrestricted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Charltable Activltles Wages and Salaries Pension contributions National insurance Assistinglvisiting clergy Diocesan costs/assessment Church running costs Church repairs Rectory rates Rectory running costs Rectory repairs and refurbishment Parish Centre costs heat and light Parish Centre costs repairs Support for refugees Replacement boiler - Parish Centre Parish centre - Washer and dryer Charitable donations Computer and photocopier costs Telephone Office supplies and cleaning products Sunday School prizes etc. Wellbeing co-ordinator expense5 Parish Nurse requisites Depreciation Donation to Black Santa re SC lunch Harvest Appeal - Sudan Choir expenses Youth Club expense5 Parent Toddler expenses Men's society Flower account Tower repairs 110,910 11,082 1,854 1,000 16,740 5,016 6,840 1,882 5.762 2,510 8,774 7,314 110,910 11,082 1,854 1,000 16,740 5,016 6,840 1,882 5,762 2,892 8,774 7,314 1,426 102,359 12,778 1,788 3,740 17,362 3,978 11,064 1,787 5,850 2,985 5,516 6,049 834 9,100 382 1,426 620 620 1,310 2,759 745 476 189 170 695 2,252 210 1,700 200 827 685 164 300 23,252 218,046 1,310 2,759 745 476 189 170 695 1,447 4,041 816 3,098 379 2,162 2.252 2,252 210 1,700 200 2,763 131 1,022 677 129 827 685 164 300 23,252 30,981 187.065 204,107 Other Costs Insurance Online services Sundries Bank interest and charges Curatage- rates Curatage - repair5 Total Expendlture 4,499 2,340 1,850 56 1,296 2,047 199,153 4,499 2,340 1,850 56 4,461 2,345 2.803 1.148 1,181 2,144 218,189 1,296 2,047 230,134 30,981 No governance costs were incurred during the year and the independent examiner atts on an honorary basis. 161Paoe
The Church of St John the Baptist, Agherton Parish. Portstewart Notes to the financial statements for the year ended 31 December 2024 (continued) 7. Gain/{Loss) on Investments 2024 2023 Unrealised gains/llossesl on investments 8,886 8,886 2,837 2.837 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 2024 2023 Salaries and wages National insurance costs Pension contributions Total 110.910 1.854 11,082 123,846 102.359 1.788 12,778 116,925 The average number of employees during the year, calculated on the basis of a head count, was as follows: 2024 Number 2023 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 £5,76212023- £5,850) relating to the running costs and £2,89112023 - £2,985} relating to repairs and refurbishments to the glebe house which is occupied by the Rector. No trustee, apart from the Rector, received any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contratt or transaction entered into by the charity during the year. 171Page
The Church of St John the Baptlst, Agherton Parish, Portstewart Notes to the financlal statements for the year ended 31 December 2024 Icontinuedl 10. Tangible fixed assets Fixtures, Fittings and Equipment Bulldlngs Total Cost At beginning of the year Additions Disposals At end of the year 916,971 14,729 931,700 916,971 14,729 931,700 Depreciatlon At beginning of the year Depreciation Disposals At end of the year 10,224 2,252 10,224 2,252 12,476 12,476 Net book value at beginning of the year Net book value at end of the year 916,971 916,971 4,505 2,253 921,476 919,224 11. Investments Llsted Investments Other Investments Total Balance at beginning of the year Additions during the year Disposals during theyear Fair Value gain/llossl on investments Balance at end of the year 184,046 184,046 8,886 192,932 8,886 192,932 Analysis of Investments M & G Charifund Church of Ireland Trustees Investments in RB Unit Trusts 72,884 99,664 20,384 192,932 72,884 99,664 20,384 192,932 181 Page
The Church of 5t John the Baptist, Agherton Parish. Portstewart Notes to the financial statements for the year ended 31 December 2024 (continued) 12. Financial instruments The charity has the following financial instruments.. 2024 2023 Loans and receivables held at amortised cost Investments Cash and cash equivalents Sundry Debtors 192.932 100,331 184,046 119,511 293,263 303,557 13. Analysi5 of Net Assets Among Funds General Designated Restricted Endowment Total Fixed Assets Investments Current Assets Net assets at 31 December 2024 150.000 72,884 42,117 265,001 769,224 919,224 192,932 100.331 1,212,487 120,048 58,214 827,438 120,048 14. Funds of the Parish Atljan 2024 At 31 Dec 2024 Income Expenditure Transfers Endowment funds Bequests and legacies as set out at Note 15 113,014 11,130 111,1301 113,014 113,014 11,130 111,1301 113,014 Restricted funds Building Fund Harvest Appeal Wave Sunday Surfers Choir account Men's Society Little Surfers Flower account Refugees 809,217 9,731 24,573 8,025 60 126,506} 11,7001 807,284 16,056 60 1.185 964 80 1,151 658 1,185 1.114 174 947 718 1,226 824,312 50 70 889 240 200 34.107 12001 11641 1685} {3001 11,4261 130,9811 827.438 Unrestricted funds General Fund 287,707 287,707 172,351 172,351 1199,153} 1199,153} 11,130 11,130 272,035 272,035 Total funds 1,225,033 217,588 1230,1341 1,212,487 191Pa(ye
The Church of St John the Baptlst, A8herton Parish, Portstewart Notes to the flnancial statements for the year ended 31 December 2024 Icontinuedl 15. Endowment income was received In respect of bequest5 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 McManu5 Mrs E B Matchette Mrs L Cooper Miss A P Norris W A Traill Mr Crawford A E Doran Miss S M Elder Mrs A J Morrison Miss K A Nicholson J Millar J&MrsAEWade Miss l F Gilmore Mrs R J Holmes WJKee Mrs M A Broomham Miss l A Graham F A Shawcross Mrs V M Mtcavish Mrs F E Wilson Miss M Harris 1990 Mrs M A R McKirgan Miss N Walker W J Spence Missj 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 Misg K F Harvey and Miss E Harvey Mrs E M Hackett W D Archibald Mr & Mrs E Downev Miss G Cooke Mrs E Dunlop Rev Canon J F Hawkins E Ardill Miss E Porterfield 2007 Prof. A Alcock 2011 A Fwhite 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 16. Retlrement beneflt 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. 20IPaLye