REGISTERED COMPANY NUMBER: N1661299 (Northern Ireland)
REGISTEIIED CHARITY NUMBER: 108158
Report of the Trustees and
Financial Statements
for the Year Ended 31 December 2023
for
Portstewart Convention
Mccleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 ITP

Portstewart Convention
Contents of the Financial Statements
for the Year Ended 31 December 2023
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8 to 14
Detailed Statement of Financial Activities
15 to 16

Portstewart Convention
Report of the Trustees
for the Year Ended 31 December 2023
The trnstees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 December 2023. The trustees have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recon)mended Practic¢
applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019).
Objectives and aims
In presenting this Report the Directors are mindful of the three "tactical plans and arrangements" set out in
the Company's registration with the Charity Commission. These aT¢ the effective marketing of the
Convention, the provision of a suitable programme and the maintenance of the Company's property.
The anllual Convention which took place ill Portstewart from Saturday 8 until Friday 14 July 2023 was the
first to meet without the lingering constraints of the Covid-19 pandemic. Attendances showed an
encouraging increase from the previous year. On several evenings the main marquee, seated for 1,000
people, was full and overflow arrangements were required. While use of the facilities is now close to
capacity the Directors continue to monitor the appropriateness of promotional and marketing arrangements.
The teaching theme - Unshakeable"
was especially relevant in a society which, having come through the
Covid-19 pandemic, is now facing many economic and social challenges at home and growing political
uncertainties abroad. The importanc¢ of a confident, living Christian faith was explored through a series of
talks in the mornings based on the Old Testamcnt book of Daniel and in the cvenings in the central chapters
of the New Testament Letter to the Romans.
It was pleasing to s¢¢ the numbers of people using th¢ coffee shop wheTe they could discuss the talks they
had listened to and share their own experiences with one another. The bookshop was well supported with
good literature being bought as a source of further learning. Th¢re was good interest in th¢ Missionary
infonnation points where opportunities for practical Christian service could be consid¢r¢d. Oncc again
Scripture Union provided a well- structured progranjme for children and young people.
Through the year the DirectOTS have continued routine maintenance of the property and have undertaken
som¢ improvements to the marque¢ layout to ensure that the property is well suited to achieving th¢
Convention's purpose. The caryark area remains under the management of Carpark Services Ltd on a "pay
and display basis with the Convention having exclusive use during the week of the Convention.
The Directors recognis¢ that there is no Practical means to measure the full outcome of the week of
Convention. This can only be seen in the lives of people returning to their homes, Churches and districts to
live in a manner which, in the words of the Convention's purpos¢, is God-honouring, helpful to and
considerate of others. The Directors give thanks to God for the evidence of his Spirit influencing and
changing lives during th¢ 2023 Convention.
FINANCIAL REVIEW
Financial position
As shown more ￿llY in the attached accounts the Convention's income from all sources in 2023 was
£85,578. Apart from £8.11 I received as donations to the Missionary Fund this income was applied to the
running costs of the Convention, the maintenance and improvement of the site and to n￿intainIng a reservc
as a prudent provision for future costs. The Missionary Fund incom¢ was distributed in it5 Cntirety to the
designated projects.
Page I

Portstewart Convention
Report of the Trustees
for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and is constituted as a company limited by guarantee as
defined by the Companies Act 2006.
The charlty is managed by a Board of Directors which is assist¢d in practical arrangements by an Organising
Committee.
The Board co-opted Mr Stephen Bailie as a Director at its meeting on 17 November 2023. In accordance
with the Company's Articles of Association Mr Bailie will retire at th¢ forthcoming Annual General Meeting
and offer himself for re-election.
The Company did not employ any staff during the year. It engaged around 50 volunteers in the organisatLOII
of the Annual Convention.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1661299 (Northern Ireland)
Registered Charity number
108158
Registered office
42 Rossburn Manor
Kells
Ballymena
Co. Antrim
BT42 3RB
Trustees
Rev Joseph Fell, Minister of Religion
Rev Johnston R¢a Lambe, Minister of Religion
Rev Darren Basil Mccorriston. Minister of Religion
Mr James Lawson M¢Donald, Retired Civil Servant
Mr Stephen James Bailie, Accountant (appointed 17.11.23)
Company Secretary
Mr David Preston
Independent Examiner
John Mccleary FCA
Mccleary & Company Ltd
Chartered Accountants
Garv¢y Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 ITP
Approved by order of the board of trustees on 30 AprÉl 2024 and signed on its behalf by:
Page 2

Portstewart Convention
Report of the Trustees
for the Year Ended 31 December 2023
Mr James Lawson McDonald - Ttustec
Page 3

ndependent Examiner's Report to the Trustees of
Portsteivart Convention
I report on the accounts of the company foT the year ended 31 December 2023, which are set out on pages
five to fourteen.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the
preparation of the accounts In accordance with the requirements of th¢ Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to..
examine the accounts under Section 65 of the Charities Act
follow the procedures laid down in th¢ general Directions given by the Charity Commission for
Northern Ireland under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
BasRs of the independent examiner's 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 Section 65(9)(b) of the Charities Act. The examination included a review of the accounting
records kept by the charity and a comparison of th¢ accounts presented with those records. It also included
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 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of th¢ Companies
Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice
applicable to chariti¢s preparing their accounts in accordance wÉth tb¢ Financial Reporting Standard
applicable in the UK and Republic of Ireland
That there is further inforn]ation needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I hav¢ completed my examination and have no concerns in respect of the matters ( l) to (4) listed abov¢ an
in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no
matters that require drawing to your attention.
John Mccleary FCA
Mccleary & Company Ltd
Cbartered Accountants
Garvey stsdios
14 Longstone Strect
Lisburn
Co. Antrim
BT28 ITP
30 April 2024
Page 4

Portstewart Convention
Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23
Total
nds
31.12.22
Total
funds
Unrestrict¢d Restricted Endowment
fund
nds
nd
Notes
INCOME AI¥D
ENDOWMENTS FROM
Donations and legacies
58,816
66,927
633,203
Investment income
Other income
15,346
3,305
15,346
3,305
12,444
2,250
Total
77,467
8,111
85,578
647,897
EXPENDITURE ON
Raising funds
6,812
6,812
10,821
Charitable activities
Direct Costs
56,262
10,847
67,109
56,391
Total
63,074
10,847
73,921
67,212
NET
INCOME/(EXPENDITURE)
Transfers between funds
14,393
(5,000)
(2,736)
5,000
11,657
580,685
10
Net movement in funds
9,393
2.264
11,657
580,685
RECONCILIATION OF
FUNDS
Total funds brought fonvard
74,634
31.051
475,000
580,685
TOTAL FUNDS CARIUED
FORWARD
84,027
33,315
475,000
592,342
580,685
The notes forni part of these financial statements
Pag¢ 5

Portstewart Convention
Balance Sheet
31 December 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted Restricted Endowment
fund
funds
nd
Notes
FIXED ASSETS
Tangible assets
Investment propety
45,927
300,000
175.000
345,927
175,000
351,030
175,000
45,927
475,000
520,927
526.030
CURRENT ASSETS
Debtors
Cash at bank
4,667
49,988
38,100
33,315
71,415
38,100
33,315
71,415
54,655
NET CURRENT ASSETS
38,100
33,315
71.415
54,655
TOTAL ASSETS LESS
CUIUIENT LIABILITIES
84.027
33,315
475,000
592,342
580.685
NET ASSETS
84.027
33,315
475,000
592,342
580,685
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
io
84.027
33,315
475,000
74,634
31,051
475,000
TOTAL FUNDS
592.342
580,685
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 Deo¢mber 2023.
The members have not required the company to obtain an audit of its financial stat¢ments for the year ended
31 December 2023 in accordance with Section 476 olthe Companies Act 2006.
The trustees acknowledge their responsibilities foT
(a)
ensuring that th¢ charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) pr¢paring financial statements which give a true and fair view of the state of affairs of th¢ charitable
company as at the end of each financial year and of its sU￿lUS or deficit for each financial year in
accordance with the requircments of Sections 394 and 395 and which othenvis¢ comply with the
requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the
charitable company.
The notes form part of these financial statements
Page 6
continu¢d...

Portsteivart Convention
Balance Sheet- continued
31 December 2023
Th¢se financial statements have been Prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 April 2024
and were signed on its behalf by..
Mr James Lawson McDonald - Trustee
Rev Joseph Fell - Trust¢e
The notes forni part of these financial statements
Page 7

Portsteivart Convention
Notes to the Financial Statements
for the Year Ended 31 December 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The flnancial statements of the charitable company, which is a public b¢n¢fit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and R¢public of Ireland, and the Companies Act 2006. Th¢ financial statements
have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to
the funds, it is probabl¢ that the income will be r¢ceived and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlcment and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has b¢¢n classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have b¢¢n
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to writ¢ off each asset oveT its
estimated useful lif¢.
Freehold property
Plant and machinery
FixtUTes and fittings
not provided
I 00/0 on reducing balance
10 % on reducing balance
Investrnent property
Investment propety is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is ex¢mpt from corporation tax on its rharitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitabl¢ objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted pU￿oseS within th¢ objects of the charity.
Restrictiolls aris¢ when specified by the donor or when fimds are raised foi particular restrict¢d
purposes.
Page 8
continued...

Portstewart Convention
Iyotes to the Financial Statements - continued
for the Year Ended 31 Deeember 2023
INVESTMENT INCOME
31.12.23
31.12.22
Rent - Convention car park
Rent - Convention house
Deposit account interest
10,385
4,800
161
7,500
4,800
144
15,346
12,444
RAISING FUNDS
Raising donations and legacies
31.12.23
31.12.22
Support costs
6,812
10.821
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after ChargIn￿(creditIng)-
31.12.23
31.12.22
DepTeciation - owned assets
5,103
5,670
TRUSTEES, REMUNEIL4TION AND BENEFITS
There were no trust¢¢S' Temuneration or other benefits for the year ended 31 Decemb¢T 2023 nor for
the year ended 31 December 2022.
Trustee5' expenses
There w¢re no trustees, expenses paid for th¢ year ended 31 December 2023 nor for the year ended
31 December 2022.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restrict¢d Endowment
fund
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
122,545
35,658
475,000
633,203
Investment income
Other income
12.444
2,250
12.444
2.250
Total
137,239
35,658
475,000
647,897
EXPENDITURE ON
Raising funds
10,807
14
10,821
Pag¢ 9
ontinued...

Portstewart Convention
Notes to the Financial Statement5 - continued
for the Year Ended 31 December 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Endowment
Total
fund
nds
fund
funds
Charitable activities
Direct Costs
50,846
5.545
56,391
Total
61,653
5,559
67,212
NET INCOME
Transfers between funds
75,586
(952)
30,099
952
475,000
580,685
Net movement in funds
74,634
31,051
475.000
580,685
TOTAL FUNDS CARRIED
FORWARD
74,634
31,051
475,000
580,685
TANGIBLE FIXED ASSETS
FiX￿reS
and
fittings
Freehold
propcrty
Plant and
machtnery
Totals
COST
At l January 2023 and
31 December 2023
300,000
40,500
16,200
356,700
DEPRECIATION
At l January 2023
Charge for year
4,050
3,645
1,620
1.458
5,670
5,103
At 31 December 2023
7,695
3,078
10,773
NET BOOK VALUE
At 31 December 2023
300.000
32,805
13,122
345,927
At 31 December 2022
300,000
36,450
14,580
351,030
Page 10
continued...

Portstewart Convention
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
INVESTMENT PROPERTY
FAIR VALUE
At l January 2023
and 31 December 2023
175.000
NET BOOK VALUE
At 31 December 2023
175,000
At 31 December 2022
175,000
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Other debtors
4,667
10. MOVEMENT IN FUNDS
Net
movement
in funds
Trdnsfers
between
funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fL￿d
74,634
14,393
(5,000)
84,027
Restricted funds
Mission fund
Development fund
Tent fund
i li
9,940
21,000
i i I
7,204
26,000
(2.736)
5,000
31,051
(2,736)
5,000
33.315
Endowment funds
Endowment
475,000
475,000
TOTAL FUNDS
580,685
11.657
592.342
Pag¢ll
continued...

Portstewart Convention
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
10. MOVEMENT IN FUIYDS - continued
Net movement in ￿nds, included in the above are as follows..
Incoming
resources
Resources
expended
Mov¢ment
in funds
Unrestricted funds
General fund
77,467
(63,074)
14,393
Restricted funds
Mission fund
Development fund
8,111
(8,111)
(2,736)
(2,736)
8,111
(10,847)
(2,736)
TOTAL FUNDS
85,578
(73,921)
11,657
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.12.22
At 1.1.22
Unrestricted funds
General fund
75,586
(952)
74,634
Restricted funds
Mission fund
Development fiu]d
Tent fund
(841)
9,940
21,000
952
i li
9.940
21,000
30,099
952
31,051
Endowment funds
Endowm¢nt
475,000
475,000
TOTAL FUNDS
580,685
580,685
Page 12
continued...

Portstewart Convention
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in ￿nds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrieted funds
General fijnd
137,239
{61,653)
75,586
Restricted funds
Mission fund
Development fund
Tent fund
4,718
9,940
21,000
(5,559)
(841)
9,940
21,000
35,658
(5,559)
30,099
Endowment funds
Endowment
475,000
475,000
TOTAL FUNDS
647,897
{67,212)
580,685
A cu￿ent year 12 months and prior year 12 months combined position is as follows=
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At 1.1.22
Unrestricted funds
General fL￿d
89,979
{5,952)
84,027
Restricted funds
Mission fund
D¢velopment ￿nd
Tent fund
(841)
7,204
21,000
952
111
7,204
26,000
5,000
27.363
5,952
33,315
Endoivment funds
Endowment
475,000
475,000
TOTAL FUNDS
592,342
592,342
Page 13
ontinued...

Portsteivart Convention
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 n]onths combined net movement in funds, included in the
abov¢ arc as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
214,706
(124,727)
89,979
Restricted funds
Mission fund
Development fund
Tent fund
12,829
9,940
21,000
(13.670)
(2,736)
(841)
7,204
21,000
43,769
(16,406)
27,363
Endowment funds
Endowment
475,000
475,000
TOTAL FUNDS
733,475
(141,133)
592,342
11. RELATED PARTY DISCLOSURES
Portstewart Convention was operated as an uninco￿Oratcd charity up until 31 December 2021. On I
January 2022 the Trustees elected to transfer the assets and liabilities of the unincorporated charity to
a limited company at what they considered to be market value. Among th¢ fixed asscts transferred
were a site on which the annual conv¢ntion is held and an investEnent prop¢rty. These assets were
included as expendable endowment funds as they were gifted so they could be used to generate future
income for the charity. As such, whilst included as income in the SOFA, they w¢re endown]ent gifts
and did not constitute gross incom¢ for Charities Act purposes.
Pag¢ 14

Portstewart Convention
Detailed Statement of Financial Activities
for the Year Ended 31 Deeember 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Gift aid
597,354
31,182
4,667
59,929
6,998
66,927
633,203
Investment income
Rent - Convention car park
Rent - Convention house
Deposit account interest
10,385
4,800
161
7,500
4,800
144
15,346
12,444
Other income
Other income
3,305
2,250
Total incoming resources
85,578
647,897
EXPENDITURE
Charitable activities
Running costs
Convention house costs
Printing
Adv¢rtising
Sundrics
Speakers
Musicians
Hospitality
Site maintcnance
Missionary donations
28,522
1,340
3,022
10,134
1,880
2,994
3.080
2,500
5,526
8.111
28,419
1,253
3,844
5,707
992
3,469
3,450
1,500
2,212
5,545
67,109
56,391
Support costs
Finance
Bank charges
209
190
Other
Plant and machinery
Carried forward
3,645
3.645
4,050
4,050
This pag¢ does not forni part of the statutory financial statements
Page 15

Portstewart Convention
Detailed Statement of Financial Activities
for the Year Ended 31 Deeember 2023
31.12.23
31.12.22
Other
Brought forward
Fixtures and fittings
3,645
1.458
4,050
1,620
5,103
5,670
Governance costs
Accountancy and legal fees
1,500
4.961
Total resources expended
73,921
67,212
Net income
11,657
580,685
This pagc does not forni part of the statutory financial statcments
Page 16