1.7 Financial Statement Overview
The financial statement provides a summary of our weekly income, which includes Tithe, Thanksgiving, Offering, and Mission contributions during our Sunday services. Attached, you will find a detailed financial statement for each month in 2023, outlining our income and expenses for the year.
The income section reflects the contributions we receive each week, while the expense section provides a breakdown of our monthly costs and allocations. This report offers transparency into how the funds are utilized and supports our on-going mission and activities
January 2023
| Items | Week 1 1/01/2023 (£) |
Week 2 8/01/2023 (£) |
Week 3 15/01/2023 (£) |
Week 4 22/01/2023 (£) |
Week 5 29/01/2023 (£) |
|---|---|---|---|---|---|
| Seed Faith | 176 | 150.00 | 145.00 | 100.00 | 120.00 |
| Offering | 200 | 276.00 | 239.00 | 235.00 | 289 |
| Harvest (Mission ) |
- | ||||
| Tithe | 30.00 | 30.00 | 100.00 | 20.00 | 30 |
| Thanksgivings | 20.00 | 30.00 | |||
| Total | 426.00 | 336.00 | 484.00 | 355.00 | 439.00 |
| Total Weekly Expenses |
|||||
| Money to Bank | 426.00 | 336.00 | 484.00 | 355.00 | 439.00 |
Monthly Expenses both by Cheques and petty cash
-
Rev Brown’s Travel Allowance £450.00.
-
Pastor Duke’s Travel Allowance £50.00.
-
Instrumentalist Allowance £50*5 = £250.00
-
Hire of Premises January 2023 - £698.40
-
Total Amount of money for the month of January 2024 £ 2,040.00
-
Total expenses for the Month: £ 1,448.40.
February 2023
| Items | Week 1 5/02 (£) |
Week 2 12/2 (£) |
Week 3 19/2 (£) |
Week 4 26/2 (£) |
|---|---|---|---|---|
| Seed Faith | 210.00 | 185.00 | 176.00 | 165.00 |
| Offering | 232.00 | 168.00 | 209 | 191.00 |
| Harvest (Mission) | ||||
| Tithe | 120.00 | 100.00 | 20.00 | |
| Thanksgivings | 20.00 | |||
| Total | 562 | 353.00 | 505.00 | 376.00 |
| Total Weekly Expenses |
||||
| Money to Bank | 562 | 353.00 | 505.00 | 426.00 |
Monthly Expenses both Cheques and petty cash.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £200.00
-
Hire of Premises February 2023 - £ 694.00.
-
Car Maintenance: £ 110.00
-
Total Amount of money for the month of February 2023
-
£ 1,846.00
-
Total expenses for the Month of February are £ 1,504.
March 2023
| Items | Week 1 5/03 (£) |
Week 2 12/03 (£) |
Week 3 19/03 (£) |
Week 4 26/03 (£) |
|---|---|---|---|---|
| Seed Faith | 175.00 | 145.00 | 395.00 | 143.00 |
| Offering | 190.00 | 195.00 | 368.50p | 186.00 |
| Harvest (Mission) |
||||
| Tithe | 20.00 | 70.00 | ||
| Thanksgivings | 70.00 | |||
| Total | 385.00 | 660.00 | 833.50p | 379.00 |
| Total Weekly Expenses |
40.00 Communion |
Car Maintenance- 120.00 Fuel-60.00 |
||
| Money to Bank | 345.00 | 660.00 | 653.50 | 379.00 |
Monthly Expenses both by Cheques and petty cash
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £ 200.00
-
Fuel for church Van- £60
-
Car Maintenance: £120.00
-
Communion: £ 40.00
.
Total Amount of money for the month of March 2023 £2,037.00
Total expenses for the Month of March 2023: £ 920.00
APRIL 2023
| Items | Week 1 2/04/2023 (£) |
Week 2 09/04/2023 (£) |
Week 3 16/01/2023 (£) |
Week 4 23/01/2023 (£) |
Week 5 30/01/2023 (£) |
|---|---|---|---|---|---|
| Seed Faith | 130.00 | 140.00 | 160.00 | 155.00 | - |
| Offering | 265.00 | 213.00 | 172.00 | 175.90 | 265.00 |
| Harvest (Mission ) |
- | - | 100.00 | ||
| Tithe | - | - | - | - | - |
| Thanksgivings | - | - | - | - | |
| Total | 395.00 | 353.00 | 332.00 | 350.90 | 365.00 |
| Total Weekly Expenses |
- | - | |||
| Money to Bank | 395.00 | 353.00 | 332.00 | 350.90 | 365.00 |
Monthly Expenses both Cheques and petty cash.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*5 = £250.00
-
Hire of Premises April 2024 - £ 873.00
-
Yearly Zoom expenses: £ 156
-
Total Amount of money for the month of April 2023 £1,779.00.
-
Total expenses for the Month: £ 1795.90.
MAY 2023
| Items | Week 1 7 /5 (£) |
Week 2 14/5 (£) |
Week 3 21/5 (£) |
Week 4 28/5 (£) |
|---|---|---|---|---|
| Seed Faith | 145.00 | 100.00 | 165.00 | 320.00 |
| Offering | 239.00 | 235.00 | 235.00 | 305.00 |
| Harvest(Mission) | ||||
| Tithe | 100.00 | 20.00 | 20.00 | |
| Thanksgivings | 40.00 | |||
| Total | 484.00 | 355.00 | 440.00 | 645.00 |
| Total Weekly Expenses |
||||
| Money to Bank | 484.00 | 355.00 | 540.00 | 645.00 |
Monthly Expenses both Cheques and tabletop.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £200.00
-
Hire of Premises May 2023 - £ 698.40
-
Total Amount of money for the month of May 2023 £ 2,024.00
-
Total expenses for the Month: £ 1,398.40.
JUNE 2023
| Items | Week 1 4/06 (£) |
Week 2 11/06 (£) |
Week 3 18/06 (£) |
Week 4 25/06 (£) |
|---|---|---|---|---|
| Seed Faith | 150.00 | 142.00 | 170.00 | |
| Offering | 613.00 | 147.00 | 205.00 | 300.00 |
| Harvest (Mission) | ||||
| Tithe | ||||
| Thanksgivings | 60.00 | 40.00 | ||
| Total | 613.00 | 297.00 | 407.00 | 510.00 |
| Total Weekly Expenses |
||||
| Money to Bank | 613.00 | 297.00 | 407 | 510.00 |
Monthly Expenses both Cheques and petty cash.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £ 200.00
-
Fuel for church Van- £50
-
Drinks For Father’s Day £21
-
Communion wine and bread-£60
-
Washing for church Van- £60
-
Pastor Brown Hotel and car parking- £175
-
Premise Hire for June 2023: £698.40
-
Total Amount of money for the month of June 2023 £1,827.00
-
Total expenses for the Month: £1,764.00
JULY 2023
| Items | Week 1 2/06/2023 (£) |
Week 2 9/06/2023 (£) |
Week 3 16/06/2023 (£) |
Week 4 23/06/2023 (£) |
Week 5 30/06/2023 (£) |
|---|---|---|---|---|---|
| Seed Faith | 208.00 | 157.00 | 186.00 | 177.00 | 220.00 |
| Offering | 229.00 | 246.00 | 228.00 | 288.10p | 183.00 |
| Harvest (Mission ) |
100.00 | 100.00 | |||
| Tithe | 100.00 | 60.00 | |||
| Thanksgivings | 50.00 | 20.00 | 20,00 | ||
| Total | 587.00 | 403.00 | 574.00 | 485.10 | 523.00 |
| Total Weekly Expenses |
|||||
| Money to Bank | 587.00 | 403.00 | 574.00 | 485.10 | 523.00 |
Monthly Expenses both by Cheques and Petty cash.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*5 = £250.00
-
Hire of Premises July 2023 - £ 873.00
-
Drum Repairs £ 115.00
-
Total Amount of money for the month of July 2023 £ 2,572.10
-
Total expenses for the Month: £ 1,738.00.
AUGUST 2023
| Items | Week 1 6/08 (£) |
Week 2 13/08 (£) |
Week 3 20/08 (£) |
Week 4 27/08 (£) |
|---|---|---|---|---|
| Seed Faith | 175.00 | 145.00 | 395.00 | 143.00 |
| Offering | 190.00 | 195.00 | 368 | 186.00 |
| Harvest(Mission) | ||||
| Tithe | 20.00 | 70.00 | ||
| Thanksgivings | 70.00 | |||
| Total | 385.00 | 410.00 | 833.00 | 329.00 |
| Total Weekly Expenses |
||||
| Money to Bank | 385.00 | 410.00 | 833.00 | 329.00 |
Monthly Expenses both by Cheques and Petty cash.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £200.00
-
Hire of Premises for August 2023: £ 698.40
-
Fuel-60.00
-
Total Amount of money for the month of August 2023 £ 1957.00
-
Total expenses for the Month of August £ 1,458.00
September 2023
| Items | Week 1 3/09 (£) |
Week 2 10/09 (£) |
Week 3 17/09 (£) |
Week 4 24/09 (£) |
|---|---|---|---|---|
| Seed Faith | 300.00 | 305.00 | 577.50 | 120.00 |
| Offering | 317.00 | 399.00 | 423.45 | 422.00 |
| Harvest (Mission) | ||||
| Tithe | 100.00 | |||
| Thanksgivings | 50.00 | 30.00 | ||
| Total | 717 | 754.00 | 1000.95 | 572.00 |
| Total Weekly Expenses |
||||
| Money to Bank | 717 | 754.00 | 1000.95 | 572.00 |
Monthly Expenses both Cheques and petty cash.
-
Rev Brown’sTravel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £ 200.00
-
Hire of Premises for September 2023: £698.40
-
Total Amount of money for the month of September 2023 £ 3,043.95.
-
Total expenses for the Month: £ 1,398.40
October 2024
| Items | Week 1 1/01/2023 (£) |
Week 2 8/01/2023 (£) |
Week 3 15/01/2023 (£) |
Week 4 22/01/2023 (£) |
Week 5 29/01/2023 (£) |
|---|---|---|---|---|---|
| Seed Faith | 176 | 150.00 | 145.00 | 100.00 | 120.00 |
| Offering | 200 | 276.00 | 239.00 | 235.00 | 289 |
| Harvest (Mission) |
- | ||||
| Tithe | 30.00 | 30.00 | 100.00 | 20.00 | 30 |
| Thanksgivings | 20.00 | 30.00 | |||
| Total | 426.00 | 486.00 | 484.00 | 355.00 | 439.00 |
| Total Weekly Expenses |
|||||
| Money to Bank | 426.00 | 486.00 | 484.00 | 355.00 | 439.00 |
Monthly Expenses both by Cheques and Petty cash.
-
Rev Brown’s Travel Allowance £500.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*5 = £250.00
-
Hire of Premises for October 2023: £ 873.00
-
Donations (Newborn baby/Donation to Issac Instrumentalist)- 600.00
-
Total Amount of money for the month of October 2024 £ 2,190.00
-
Total expenses for the Month of October £ 2,273.00.
November 2023
| Items | Week 1 05 /11 (£) |
Week 2 12/11 (£) |
Week 3 19/11 (£) |
Week 4 26/11 (£) |
|---|---|---|---|---|
| Seed Faith | 300.00 | 300.00 | 305.00 | 350.00 |
| Offering | 209.00 | 317.00 | 399.00 | 250.00 |
| Harvest(Mission) | ||||
| Tithe | 20.00 | 100.00 | 20.00 | |
| Thanksgivings | 50.00 | |||
| Total | ||||
| Total Weekly Expenses |
||||
| Money to Bank | 529.00 | 717.00 | 754.00 | 620.00 |
Monthly Expenses both by Cheques and Petty cash.
-
Rev Brown’s Travel Allowance £450.00
-
Pastor Duke’s Travel Allowance £50.00
-
Instrumentalist Allowance £50*4 = £200.00
-
Hire of Premises for November 2023: £698.40
-
Communion wine and bread: £ 50.00
-
Fuel for church: £100.00.
-
Total Amount of money for the month of November 2023 £ 2,620.00
-
Total expenses for the Month of November £ 1,548.40
==> picture [100 x 28] intentionally omitted <==
| Items | Week 1 3/12 (£) |
Week 10/12 (£) |
Week 3 17/12 (£) |
Week 4 24/12 (£) |
Week 5 31/12 £ |
|---|---|---|---|---|---|
| Seed Faith | 250 | 220 | 350 | 145.00 | 150.00 |
| Offering | 300 | 295 | 420 | 239.00 | 276.00 |
| Harvest(Mission) | |||||
| Tithe | 30.00 | 40.00 | 100.00 | 30.00 | |
| Thanksgivings | 20.00 | 20.00 | 30.00 | ||
| Total | 600.00 | 555.00 | 790.00 | 484.00 | 486.00 |
| Total Weekly Expenses |
|||||
| Money to Bank | 600.00 | 555.00 | 790.00 | 484.00 | 486.00 |
Monthly Expenses both by Cheques and Petty
==> picture [28 x 9] intentionally omitted <==
----- Start of picture text -----
cash.
----- End of picture text -----
-
Rev Brown’s Travel Allowance £450.00
-
Instrumentalist Allowance £50*5 = £250.00
-
Hire of Premises for December 2023: £ 1,047.60
-
Allowance for care Takers: £100.00
-
Rev Duke Travel Allowance £ 50.00
-
Total Amount of money for the month of December 2023- £ 2,915.
-
Total expenses for the Month of December £ 1,908.0
1.8 Summary of Revenue, Expenses, And Statement Of Financial Position From 1[st] January to
31[st] December 2023
The total revenue of the church is composed of various income streams, including:
-
Tithe
-
Offerings
-
Thanksgiving Offering
-
Seed Faith