REGISTERED CHARITY NUMBER: 108322 Report of the Trustees and Financial Statements for the Year Ended 31 December 2023 for Portstewart Baptist Church Mccleary & Company Ltd Chartered Accountants and Registered Auditors Garv¢y S￿d10s 14 Longstone Strect Lisburn Co. Antrim BT28 ITP Portstewart Baptist Church Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet 10 Cash Flow Statement Notes to the Cash Flow Statement 12 INotes to the Financial Statements 13 to 21 Detailed Statement of Financial Activities 22 to 23 Portstewart Baptist Church Report of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The tNstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standatd applicable in the UK and R¢public of Ireland (FRS 102) (¢ff¢ctive l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Portstewart Baptist Church ("the Church") acknowledges the headship of Jesus Christ over his Church and exists to glorify the triune God by maintaining and promoting His worship both individually and CO￿OratelY. The principal charitable object of the Church is the advancement of the Christian faith according to the teaching of scripture, understood in its historical and evangelical sens¢, the Doctrinal Statement and Baptist principles. Its members d¢vote themselves to the teaching of scripture, to fellowship, breaking of bread, prayer and evangelism. The activities carried out by the Church include: * holding regular services for public worship, prayeT, Bible study, preaching and teaching for all age groups. providing pastoral car¢ to the members of the church through visitation and prayer- organising meetings and events that promote our charitable purpose- participating in the life of the local community. supporting other Christian organisations and charities tbrough volunteering, financial gifts and prayer. The trustees have paid due regard to guidance issued by the Charity Commission of Northern Ireland in deciding what activities the church should undertake Page I Portstewart Baptist Church Report of the Trustees for the Year Ended 31 December 2023 OBJECTtVES AND ACTIVITIES Achievements and performance The Church meets the public benefit requirement by providing benefit to its members and the general public by making known the Christian gosp¢l of the Lord Jesus Christ tI￿ough the advancement of th¢ Christian faith. Sunda Services We hold 2 services each Sunday, with an average attendance of 600. At p¢ak holiday season, this increases to 3 services on a Sunday due to the large influx of holidaymakers when we have more than 1.000 in attendance each Sunday. Small Grou 15 small groups meet weekly across the areas of Portrush, Portstewart, Bushmills, Coleraine and Ballymoney, for Bible study and prayer, with 2 meetings in the church building and the rest in homes. Th¢ average attendance in each group is 20 people. Youth Grou sISummer Bible Clubs Holiday Bible Club.. 128 children of primary school age attend¢d our Holiday Bible Club each morning for a week during the Easter holidays. This wa5 run by our Youth Coordinator and a team of volunteers alongside a Baptist Youth team. Each day consist¢d of Bible stories, crafi, snacks and games and finisbed on Fiiday with a BBQ for the children and their parents. Easter Youth Camp: 43 young people of hi(rh school ag¢ attended our 3 day Easter Camp and enjoyed a Tange of activities including a day out to a water park and games on the beach. Football and Hockey Camp.. 143 children in P3-P7 attended each evening for a week, learning and improving their football and hockey skills and enjoying a Bible message from the leaders. Ba tisms 27 people were baptised during 2023, some in the sea and some in the baptistry in the church building. Membershi 314 Financial Review The church recorded a net surplus of income over expenditure for the year of £77.729 (2022.. £72,401). Closing unrestricted reserves at 31 December 2023 were £4,658,912, including a General Revaluation Fund of £257,471. Closing restricted reserves at 31 December 2023 w¢re £2,837 (2022.. £7,840). This represents funds held for other specifi¢d funds and Baby Basics fund. There are no funds held by the Church that are in deficit. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unin¢oTporat¢d charity. REFERENCE AND ADMIIYISTRATIVE DETAILS Registered Charity number 108322 Page 2 Portstewart Baptist Church Report of the Trustees for the Year Ended 31 December 2023 Principal address 1721174 Coleraine Road Portstewart Co. Londonderry BT55 7PL Trustees Mr Jonathan McGreevy Mr Jonathan Dixon Mr Gibson Evans Mr Kris Fairfield Mr Robert Kane Mr Garth Mahood Mr Stephen McKenzie Mr Michael Williams Mr Derek Leighton Ms Brenda Blair Mr David Barnett Ms Kim Berrisford Mr Paul Decock Mr David Johnston Mr Mark Sheridan Mr Graham Stirling Ms Loreen Williams Ms Anne Witherow Mr Matthew Wright Mr David FTazer (appointed 23.4.23) Mr L¢¢ J¢nnings (appointed 4.11.23) Auditors Mccleary & Company Ltd Chartered Accountants and Registered Auditors Garvey Studios 14 Longstone Str¢¢t Lisburn Co. Antrim BT28 ITP Bankers AIB NI 78 Wellington Street Ballymena BT43 6AF Page 3 Portstewart Baptist Church Report of the Trustees for the Year Ended 31 December 2023 STATEMEIYT OF TRUSTEES, RESPONSIBILITIES The trustees ar¢ responsible for prepartng the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The trustees are required to pr¢pare financial statements for each financial year which give a true and fair view of the state of affairs of the congregation and the financial activities for that year. In preparing the financial statements the trustees are required lo.. select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the funds will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the fimds transactions and disclose with reasonable accuracy at any time the financial position of the congregation and enable them to ensure that the financial statements comply with the Statement of Recommended Practice Accounting and Reporting by Charilies { l January 2019) They are also responsible foT safeguarding the assets of the congregation and hence for takn'ng reasonable steps for tbe prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 25 September 2024 and signed on its behalf by: Mr Derek Leigh Trustce Pag¢ 4 Report of the Independent Auditors to the Trustees of Portstewart Baptist Church Opinion We have audited the financial statements of Portstewart Baptist Church (the 'charity') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to th¢ financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 Decemb¢r 2023 and of its incoming resources and application of resources, for the year then ¢nded. have been properly prepared in accordanc¢ with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standar