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