Company Registration Number.. N1661299
Charity Number: 108158
Portstewart Convention
IA company limited by guarantee, not having a Share capital}
Annual Report and Unaudited Financial Statements
for the financial year ended 31 December 2024
Mccleary & Company Ltd
Chartergd Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrirn
BT28 1TP

Portstewart Convention
IA company limited by guaranteè, not having a share capltall
CONTENTS
Page
Reference and Administrative Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-14
Supplementary Information relating to the Financial Statements
16

Portstewart Convention
IA company limited by guarantee. not having a share capitsll
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Rev Joseph Fell
Rev Johnston Rea Lambe
Rev Darren Basil Mccorriston
Mr James Lawson M¢Donald
Mr Stephen James Bailie
Company Secretary
Mr David Preston
Charity Number in Northern I￿land
108158
Company Registration Number
N1661299
Registered Office
42 Rossburn Manor
Kells
Ballymena
CD. Antrim
BT42 3RB
Prin¢ipal Address
123C Station Road
Greenisland
Carrickfergus
Co. Anlrim
BT38 8UN
Independent Examiner
Mccleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP

Portstewart Convention
(A eompany limited by guarantee. not having a Share capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 December 2024
The Iruslees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report. and the
unaudited financial statements for the financial year ended 31 December 2024.
The financial statemenls are prepared in accordance with the Companies Act 2006, FRS 102 "The Financlal
Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}.
The Trustees, Report conlains the information required to be provided in the Trustees, Annual Report under the
Statement of Recommended Practice ISORPI guidelines. The Injslees of the charity are also charity Iruslees for the
purpose of charity law and under the charivs constitution are known as members of the board of Iruslees.
In this report the trustees of Portstewart Convention present a summary of ils purpose. govemance, activities,
achievemenls and finances for the financial year 31 December 2024.
The charity is a registered charity and hence the report and results are presented in a form which complies with the
requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended
Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its
recommendations where relevant in these financial statements.
Princlpal A¢tivity
The Convention's main activity lo implement ils strategy is means of the annual Convention at Portslewart.
Misslon. Objectives and Strategy
Objectives
The Directors present this Report in the context of the three 'Yactical aims and arrangements" sel out in the
Company's registration with the Charity Commission.
These are the effective markeling of the Convention, the
provision of a suitable programme and the maintenance of the Company's property.
In setting their objectives and planning the activities for the year. the Directors have given careful consideration to the
Charity Commission for Northem Ireland's statutory guidance on public benefit lo ensure that the activities have
helped achieve the charity purpose and provide a benefit to the beneficiaries.
Structure, Governance and Management
Structure
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 charity is managed by a Board of Directors which is assisted in practical arrangements by an Organising
Committee.
The Company did not employ any staff during the year. It engaged around 50 volunteers in the organisalion of the
Annual Convention.
Review of Actlvlties, Achievements and Perforniance
The annual Convention look place in Portstewart from Saturday 6th until Friday 12th July 2024.
Once again
attendances showed growth from the previous year. The main marquee is sealed for 1.000 people and ovefflow
arrangements were required on several evenings. As noted last year facilities on the site are close lo capacity.
The teaching theme this year, "Slrenglh through weakness" was decided upon many months previously and turned
out to be rather counter cultural in a year when many countries including the UK and the USA were holding general
elections where self-promotion was a dominant feature. The theme was developed in the morning Ihrough a series
of talks on Paul's second letter to the first century church in Corinth and. in the evenings, through talks on a number of
Bible Characters. A small team of people was available after the evening meetings to pray with any attendees
seeking help lo work through the personal implications of the content of the talks.
The facilities on the site were well used. The coffee shop provided a welcome and important meeting area where folk
could discuss the talks and share experiences together. The bookshop provided Ihe opportunity lo buy good and
relevant Christian literature and the Missionary information points provided a forum to discuss and consider
opportunities around the wodd for Christian service both practically and Ihrough financial support. Scripture Union
again provided a well-slruclured programme for children and young people.

Portstewart Convention
IA company limited by guarantee, not having a Share capital)
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 December 2024
The Directors continue to oversee routine maintenance of the sile and property to ensure that il meets the
Convention's purpose while also planning ahead for the managed replacement of the marquees which have now
been in service for many years.
Each year the Directors note in their Report that there is no practical way to measure the effectiveness of the
Convention in attaining ils purpose. This can only be seen in the lives of people returning lo their homes, Churches
and districts to live in a manner which, in the words of the Convention's purpose. is God honouring. helpful to and
considerate of others. The Directors give thanks lo God for evidence of his Spirit influencing and changing lives during
the 2024 Convention.
Flnancial Review
The results for the financial year are set out on pages 8 10 11 and additional notes are provided showing income and
expenditure in greater detail.
The Convention's income from all sources was £104,225.
Apart from £14,119 received as donations to the
Missionary Fund. this income was applied to the running costs of the Convention. the maintenance of the site and lo
adding to a reserve as a prudent provision for future costs. The Missionary Fund income was distributed in ils
entirety to the designated projects.
Financial Results
At the end of the financial year the charity has assets of £744,74212023 £592,342) and liabilities of £O.0012023
£O.00}. The net assets of the charity have increased by £152,400.
Trustees
The trustees who served throughout the financial year. except as noted, were as follows..
Rev Joseph Fell
Rev Johnston Rea Lambe
Rev D8rren Basil Mccorriston
Mr James Lawson McDonald
Mr Stephen James Bailie
The Trustees who will retire by rolalion this year in accordance with the Company's Articles of Association are the
Rev Joseph Fell and the Rev Johnston Lambe. Both. being eligible, offer themselves for re-election.
The secretary who served during the financial year was:
Mr D8vid Preston
Compliance with Sector-wide Leglslation and Standards
The charity engages pro-actively with legislation. standards and codes which are developed for the sector.
Portstewart Convention subscribes to and is compliant with the following..
The Companies Act 2006
The Charities SORP IFRS 1021
Approved by the Board of Trustees on 23 May 2025 and signed on Its behalf by:
Mr James Lawson McDonald
Trustee
Re
Joseph
Trustee

Portstewart Convention
IA company Ilmited by guarantèe, not havlng a share capltall
STATEMENT OF TRUSTEES. RESPONSIBILITIES
for the financial year ended 31 December 2024
The trustees, who are also directors of Portstewart Convention for the purposes of company18w, are responsible for
preparing the financial statements in accordance with applicable law and regulations.
Company law requires the trustees as the directors to prepare financlal statements for each financial year. Under that
law the Injslees have elected lo prepare the financial statements in a¢cordance with United Kingdom Generally
Accepted Accounting Practice {Uniled Kingdom Accounting Standards and applicable law} including FRS102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not
approve the financial slalemenls unless they are satisfied that they give a true and fair view of the stale of affairs of
the charity and of the net income or expenditure of the charity for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and apply them consistently.
make judgements and estimales that are reasonable and prudent..
slate whether the financial statements have been prepared In accordance with the relevant financial reporting
framework, identify those standards, and note the effect and the reasons for any material departure from those
standards,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial statements.
The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the
charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible
for safeguarding the assels of the charity and hence for taking ￿asonable steps for the prevention and detection of
fraud and other irregularities.
Approved by the Board of Trustees on 23 May 2025 and signed on its behalf by:
Mr James Lawson M¢Donald
Truslee
v Josep
Trustee
Fell

Portstewart Convention
IA company limlted by guarantee. not having a share capital)
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES
OF PORTSTEWART CONVENTION
I have examined the financial statements of the charity for the financial year ended 31 December 2024, which
omprise the Statement of Financial Activities {incorporaling an Income and Expenditure Account), the Balance Sheet
and the related notes.
This report is made solely to the charity's members. as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. My work has been undertaken so that I might compile the financial statements that I have been
engaged to compile. report to the Board of Trustees that I have done so. and state those matters that I have agreed lo
state to them in this report and for no other purpose. To the fullest extent permitted by law. I do not a¢￿p1 or assume
responsibility lo anyone olher than the charity and the charity's members, as a body, for my work. or for this report.
Respo¢tiv• responsibilities of trustees and examln•r
The charity's trustees {who are also the directors of the company for the purposes of company lawl are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The
charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the
Companies Act 2006 and that an independent examination is required.
It is my responsibility lo:
examine the financial statements under section 65 of Ihe Charities Act..
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland
under section 65191{bl of the Charities Act- and
state whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity financial statements 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(91{b) of the Charities Act. An examination includes a review of the accounting records kept
by the charity and a comparison of the financial statements presented with those records. 11 also includes
consideration of any unusual items or disclosures in the financial statements and seeking exp18nations from the
trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be
required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view
and the report is limited to those matters set out in the statement below.
In connection with my examination, no rnatter has come lo my attention which gives me cause to believe that in, any
material respect..
accounting records were not kept in accordance with section 386 of the Companies Act 2006
the financial statements do not accord with those accounting records
the financial statements have not been prepared in accordance with the accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS102}
there is further information needed for a proper understanding of Ihe accounts to be reached.
Independent examiner's statement
I have no concerns and have come across no other matters in connection with the examination to whi¢h attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
John Mccleary FCA
MCCLEARY & COMPANY LTD
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP
Date: 23 May 2025

Ln
to
r*0
o)mm
*yin

Portstewart Convention
{A company limited by guarantee. not having a Share capital)
Company Number.. N1661299
BALANCE SHEET
as at 31 December 2024
2024
2023
Notes
Flxed Assets
Tangible assets
651,334
520,927
Current Assets
Cash at bank and in hand
93.408
71,415
Net Current Assets
93,408
71,415
Total Assets less Current Liabilities
744.742
592.342
Fund$
Endowment funds
Income funds:
Restricted funds
General fvnd (unreslricled)
610.000
475,000
38,315
96.427
33.315
84,027
Total funds
10
744,742
592.342
These financial statements have been prepared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006.
For the financial year ended 31 December 2024 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006.. and no notice has been deposited under section 476.
The trustees confirm that the members have not required the company to obtain an audit of its financial statements for
the financial year in question in accordance with section 476 of the Companies Act 2006.
The Iruslees acknowledge their responsibilities for ensuring thal the charity keeps accounting records which comply
with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the
charity as at the end of the ffnancial year and of its profit and loss for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial slalements. so far as applicable to the charity.
Approved by the Board of Trustees and authorised for l$sue on 23 May 2025 and slgned on its behalf by
Mr James Lawson McDonald
Trustee
Josep
Trustee
Fell
The notes on paggs 10 to 14 form part of the financial statements

Portstewart Convention
IA Company limited by guarantè&, not havlng a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
GENERAL INFORMATION
Portslewart Convention is a company limited by guarantee incorporated in Northem Ireland. The registered
office of the
charity is 42 Rossburn Manor, Kells, Ballymena. Co. Antrrm, BT42 3RB. The financial
statements have been presented in Pound {£) which is also the functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consislently in dealing with items which are considered
material in relation to the charity's financial statements.
Ba$is of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention.
modified to include certain items at fair value. The financial slalements have been prepared in accordance
with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
FRS 102"
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply
with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial slalemenls of the charity for the financial year ended 31 December 2024 have been prepared on
the going concern basis and in accordance with the Slalement of Recommended Practice ISORPI
"Accounting and Reporting by Charities preparing their accounts in a¢¢ordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102".
Cash flow statement
The charity has availed of the exemption in FRS 102 from the requirement lo produce a cash flow statement
because it is classified as a small charity.
Fund accounting
The following are the categories of funds maintained:
Restricted funds
Restricted funds represent income received which can only be used for particular purposes, as specified by
the donors. Such purposes are within the overall objectives of the charily.
Unrestricted funds
Unreslricled funds consist of General and Designated funds.
General funds represent amounts which are expendable at the discretion of the board. in furtherance of the
objectives of the charity-
Designated funds comprise unreslricled funds that the board has. at ils dis¢relion. set aside for particular
purposes. These designations have an administrative purpose only, and do not legally reslrict the board's
discretion to apply the fund.
In¢ome
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
enlilled to the income, performance conditions attached lo the ilem{s) of income have been mel, the amounts
involved can be measured with sufficient reliability and it is probable that the income will be received by the
charity.
Expenditurg
Expenditure is analysed be￿een costs of charitable activities and raising funds. The costs of each activity are
separately accumulated and disclosed. and analysed according to their major components. Expenditure is
recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic
benefits is required in selllemenl and the amount of the obligation can be reliably measured. Support costs
are those functions that assist the work of the charity but cannot be attributed to one activity-
10

continued
Portstewart Convention
(A company limited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the fin8ncial year ended 31 December 2024
Tanglble fixed assets and depreciation
Tangible fixed assets are stated at cost or al valuation, less accumulated depreciation. The charge to
depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated
residual value, over their expected useful lives as follows..
Land and buildings freehold
Plant and machinery
Fixtures, fittings and equipment
not provided
10 % Reducing balance
10D/o Reducing balance
Investment properties
Investment property is property held either lo earn rental income, or for capi181 appreciation (including future
re-development) or for both, but not for sale in the ordinary course of business.
Investment propety is shown at most recent valuation. The difference be￿een the fair value of an investment
property at the reporting date and its carrying value prior to the valuation is recognised in the Statement of
Financial Activities. Any gain or loss on disposal of an investment propety Icalculaled as the difference
between the net proceeds from disposal and the Carrying amount of the item} is recognised in the Statement
of Financial A¢tivilies.
Cash at bank and In hand
Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of
withdrawal.
Taxation and deforred taxation
No current or defeNed taxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
INCOME
DONATIONS AND LEGACIES
UnrestTi¢ted Restricted
Funds
Funds
2024
2023
Donations and legacies
GiftAid
63,492
5.850
11.716
2.403
75,208
8,253
59.929
6,998
69,342
14.119
83,461
66.927
INVESTMENTS
Unrestricted Restricted
Funds
Funds
2024
2023
Rental income
Bank interest
14,800
214
14,800
214
15.185
161
15,014
15,014
15.346
OTHER INCOME
Unrestrl¢ted Restricted
Funds
Funds
2024
2023
Other income
5,750
5,750
3,305
EXPENDITURE
RAISING FUNDS
Direct
Costs
other
Costs
Support
Costs
2024
2023
Raising funds
7,096
7,096
6,812
11

continued
Portstewart Convention
IA company limited by guarantee. not having a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2024
2023
Expenditure on charitable 8Ctivites
79,729
79,729
67,109
SUPPORT COSTS
Cost of
Raising
Funds
2024
2023
Independent Examinels fees
Bank charges
Legal fees
Depreciation
1,380
223
900
4,593
1.380
223
900
4,593
1.500
209
5,103
7.096
7,096
6,812
ANALYSIS OF SUPPORT COSTS
2024
2023
Independent Examiner's fees
Bank charges
Legal fees
Depreciation
1,380
223
900
4,593
1,500
209
5,103
7.096
6.812
NET INCOME
2024
2023
Net Income is stated after chargingllcreditlng)..
Depreciation of tangible assets
4,593
5,103
INVESTMENT AND OTHER INCOME
2024
2023
Rent- Convention car park
Rent- Convention house
Sundry income
Bank interest
10.000
4,800
5,750
214
10.385
4.800
3,305
161
20,764
18.651
12

continued
Portstewart Convention
IA company limited by guarantee. not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
TANGIBLE FIXED ASSETS
Land and Investment
buildings
properties
freehold
Plant and
Fixtures,
machinery fittings and
equlpment
Total
Cost or Valuation
At 1 January 2024
Revaluation
300,000
175,000
135.000
40,500
16,200
531,700
135.000
At 31 December 2024
300,000
310,000
40.500
16,200
666,700
Depreciation
Al 1 January 2024
Charge for the financial year
7,695
3.281
3,078
1,312
10,773
4,593
At 31 December 2024
10,976
4,390
15.366
Net book value
At 31 December 2024
300,000
310.000
29,524
11,810
651.334
At 31 December 2023
300.000
175.000
32.805
13,122
520,927
TANGIBLE FIXED ASSETS CONTINUED
Tangible fixed assets included at a valuation would have been included on a historical cost basis al..
2024
2023
Cost
175,000
175,000
Investment propety has been included at most recent valuation. All other tangible fixed assets are included
at historical cost.
RESERVES
Fund$ Investment
property
reserve
Total
At the beginning of the year
592.342
592,342
135.000
17,400
135.000
Surplus for the financial year
17,400
At the end of the year
609.742
135,000
744,742
10.
FUNDS
10.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Restricted Endowment
Funds
Fund$
Funds
Total
Funds
Al 1 January 2023
Movement during the financial year
74,634
9,393
31,051
2,264
475.000
580,685
11,657
At 31 December 2023
Movement during the financial year
84.027
12,400
33.315
5.000
475,000
135.000
592.342
152.400
Al 31 December 2024
96,427
38.315
610.000
744,742
13

continued
Portstewart Convention
(A company Ilmit¥d by guarantee. not having a sharg ¢apitall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
10.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
Income Expenditure
1 January
2024
Transfers
between
funds
Gains and
Balance
losses 31 December
2024
Endowment funds
Endowment
475,000
135,000
610.000
Restrlcted funds
Mission fund
Development fund
Tent Replacement
& site maintenance
fvnd
111
7,204
26,000
14.119
14,121
111
7,204
31,000
5,000
33.315
14,119
14.121
5,002
38.315
Unrestricted funds
Unrestricted
General
84,027
90,106
72,704
15,002)
96,427
Total funds
592,342
104,225
86,825
135.000
744,742
10.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Current
assets
Total
Endowment capital
Expendable
610,000
610.000
Reslri¢led funds
33,299
33,299
Unrestricted general funds
41,334
60,109
101,443
651,334
93.408
744.742
11.
STATUS
The charity is a company limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of Ihe company undertakes to contribute to the a55ets of the company in the event of ils being
wound up while they are members, or within one financial year thereafter, for the payment of the debts and
liabilities of the company contracted before they ceased to be members. and the costs. charges and expenses
of winding up. and for the adjustment of the rights of the conlrtbulors arnong themselves. such amount as may
be required, not exceeding £ 10.
12.
RELATED PARTY TRANSACTIONS
None of the Trustees received remuneration or expenses in Ihe current or prior period.
13.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
14

PORTSTEWART CONVENTION
IA company limlted by guarantee. not having a share capital)
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
15

Portstewart Convention
IA Company limited by guarantee. not havlng a Share capital)
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Statement
for the financial year ended 31 December 2024
2024
2023
Income
Donations
Gift Aid
75.208
8,253
59,929
6,998
83,461
66,927
Expenses
Running costs
Convention house costs
Site maintenance
Printing
Advertising
Legal and professional
Accountancy
Bank charges
Speakers
Musicians
Hospitality
Sundries
Depreciation
Charitable donations
30,542
1.412
4,093
3,654
11,481
900
1,380
223
7.393
3,050
2,500
1,483
4.593
14,121
28,522
1.340
5.526
3,022
10,134
1.500
209
2.994
3.080
2,500
1.880
5.103
8.111
86,825
73.921
Miscellaneous income
Rent- Convention car park
Rent- Convention house
Sundry income
Bank interest
10,000
4.800
5,750
214
10,385
4.800
3.305
161
20,764
18,651
Net surplus
17.400
11.657
The supplementary information does not fomi part of the financial slalements
16