| GENERAL RECEIPTS & PAYMENT ACCOUNT | |||||||
|---|---|---|---|---|---|---|---|
| Note | 2024 | 2023 | |||||
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||
| Receipts | |||||||
| Offerings | 53,837.98 | 53,837.98 | 236.51 | 54,011.70 |
54,248.21 | ||
| Donations and other income | 2 | 5,154.37 | 5,154.37 | 479.41 | 1,584.85 |
2,064.26 | |
| Income tax recovered on gifts | 6,818.50 | 6,818.50 | 11,206.79 | 11,206.79 | |||
| Investment income | 3 | 2,598.09 | 2,598.09 | 567.37 | 567.37 | ||
| Rent and contributions for use of premises | 23,852.90 | 23,852.90 | 20,747.50 | 20,747.50 | |||
| Church prOjectS tridorrie | 4,503.88 | 4,503.88 | 3,359.79 | 3,359.79 | |||
| Raised for other causes | 4 | 3,491.57 | 3,491.57 | 760.66 | 760.66 | ||
| Total Receipts | £7,995.45 | £92,261.84 | £100,257.29 | £4,836.37 | £88,118.21 | £92,954.58 |
|
| PayBleiltS | |||||||
| Ministry | 5 | 44,870.64 | 44,870.64 | 51,129.19 | 51,129.19 | ||
| Mission | 6 | 5,894.72 | 8,657.87 | 14,552.59 | 213.60 | 16,177.21 |
16,390.81 |
| Upkeep of church premises | 7 | 33,327.81 | 33,327.81 |
166.60 | 39,673.04 |
39,839.64 | |
| Administration | 8 | 172.43 | 7,107.52 | 7,279.95 | 320.38 | 6,423.80 |
6,744.18 |
| Church projects expenses | 1,000.00 | 1,000.00 | 3,461.08 | 3,461.08 | |||
| Amounts passed on to other causes | 3,491.57 | 3,491.57 | 760.66 | 760.66 | |||
| Total Payments | £10,558.72 | £93,963.84 | £104,522.56 | £4,922.32 | £113,403.24 | £118,325.56 | |
| Net receipts / (payments) for the year | (£2,563.27) | (£1,702.00) | (£4,265.27) | (£85.95) | (£25,285.03) | (£25,370.98) | |
| Transfer between funds | £200.00 | (£200.00) | £0.00 | £0.00 | £0.00 | £0.00 | |
| Cash balance at previous year end | £7,904.54 | £66,166.46 | £74,071.00 | £7,990.49 | £91,451.49 | £99,441.98 | |
| Cash balance at current year end (See note 12) | £5,541.27 | £64,264.46 | £69,805.73 | £7,904.54 | £66,166.46 | £74,071.00 | |
| STATEMENT OF ASSETS AND LIABILITIES AT 31 | MARCH 2024 | ||||||
| Note | 2024 | 2023 | |||||
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||
| Assets | |||||||
| Bank and other cash balances | |||||||
| HSBC Current Account | 1,862.41 | 997.62 |
2,860.03 | 7,002.06 | 11,099.87 | 18,101.93 | |
| HSBC Deposit Account | 3,397.84 | 10,619.10 | 14,016.94 |
||||
| COIF Account | 52,647.74 | 52,647.74 | 55,066.59 | 55,066.59 | |||
| Catering Account | 32.20 | 32.20 | 481.23 | 481.23 | |||
| Tuesday Fellowship Account | 77.41 | 77.41 | 77.41 | 77.41 | |||
| Flower Account | 171.41 | 171.41 | 343.84 | 343.84 | |||
| Assets Held for Church's own use | 9 | 3,662,663.00 | 3,662,663.00 | 3,482,714.00 | 3,482,714.00 | ||
| Total Assets | £5,541.27 | £3,726,927.46 | £3,732,468.73 | £7,904.54 | £3,548,880.46 | £3,556,785.00 | |
| liabilities | |||||||
| Current Liabilities | 10 | 1,301.89 | 1,301.89 | 2,832.78 | 2,832.78 | ||
| Contingent Liabilities | 11 | ||||||
| Pension Scheme Liability | 13 | 12.00 | 12.00 | 12.00 | 12.00 | ||
| Total Liabilities | £1,313.89 | £1,313.89 | £2,844.78 | £2,844.78 |
| 2, Donation.; and other inco.me | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
| Aviva Life - Insurance | 3,962.62 | 3,962.62 | ||||
| Other income | 1,191.75 | 1,191.75 | 479.41 | 1,584.85 | 2,064.26 | |
| Total D'onattona and Other Income | £0.00 | £5,154.37 | £5,154.37 | £479.41 | £1,584.85 | £2,064.26 |
| 3.Investment income | 2024 | 2023 | ||||
| Bank interest | £2,598.09 | £567.37 | ||||
| 4.Raised for Other causes | 2024 | 2023 | ||||
| BMS World Mission | 295.00 | 100.00 | ||||
| BMS Home Mission | 2,946.57 | |||||
| Embrace the Middle East | 250.00 | |||||
| Hope Now | 560.66 | |||||
| Christian Aid | 100.00 | |||||
| Total Raised for Other causes | £3,491.57 | £760.66 | ||||
| 5 Mlni;try |
2024 | 2023 | ||||
| Minister'sstipend | 29,632.08 | 28,445.71 | ||||
| Previous Minister's Pension contributions | 12.00 | 1,348.88 | ||||
| Minister's expenses | 1,226.70 | 2,398.91 | ||||
| Manse costs | 3,757.76 | 3,074.17 | ||||
| Minister in Training Salary & Pension & Expenses | 10,242.1 | 15,861.52 | ||||
| Total Ministry | £44,870.64 | £51,129.19 |
| 6. Mission | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
| Church Activities | 4,894.72 | 4,894.72 | 213.60 | 766.61 | 980.21 | |
| BMS Home Mission | 2,045.00 | 2,045.00 | 3,322.41 | 3,322.41 | ||
| BMS World Mission | 2,045.00 | 2,045.00 | 3,322.41 | 3,322.41 | ||
| Malawi via P Barr | 2,045.00 | 2,045.00 | ||||
| Manipur via M Hatzaw | 2,045.00 | 2,045.00 | ||||
| Tyson Road Residents | 250.00 | 250.00 | ||||
| MAP | 3,322.41 | 3,322.41 | ||||
| London City Mission | 3,322.41 | 3,322.41 | ||||
| Regents Park College | 1,328.96 | 1,328.96 | ||||
| Sunday school and Youth Work | 477.87 | 477.87 | 542.00 | 542.00 | ||
| Total Mission | £4,894.72 | £8,657.87 | £13,552.59 | £213.60 | £16,177.21 | £16,390.81 |
| NOTES TO THE ACCOUNTS - continued | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| 7.Upkeep of church premises | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total |
| Lighting and heating | 15,335.89 | 15,335.89 | 11,989.93 | 11,989.93 | ||
| Water Rates | 1,691.67 | 1,691.67 | 1,776.18 | 1,776.18 | ||
| Cleaning | 8,156.44 | 8,156.44 | 7,845.60 | 7,845.60 | ||
| Insurance | 4,079.56 | 4,079.56 | 3,969.50 | 3,969.50 | ||
| Repairs and maintenance | 4,064.25 | 4,064.25 | 166.60 | 14,091.83 | 14,258.43 | |
| Total Upkeep of church premises | £0.00 | £33,327.81 | £33,327.81 | £166.60 | £39,673.04 | £39,839.64 |
| 2024 | 2023 | |||||
| 8.Administration | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total |
| Printing and stationery | 1,431.64 | 1,431.64 | 2,121.94 | 2,121.94 | ||
| Telephone and postage | 768.70 | 768.70 | 699.88 | 699.88 | ||
| Accountancy Costs | 1,40725 | 1,407.25 | 1,251.38 | 1,251.38 | ||
| Subscriptions | 1,141.40 | 1,141.40 | 861.40 | 861.40 | ||
| Other administration | 172.43 | 2,358.53 | 2,530.96 | 320.38 | 1,489.20 | 1,809.58 |
| Total Administration | £172.43 | £7,107.52 | £7,279.95 | £320.38 | £6,423.80 | £6,744.18 |
| 10.Current Liabilities | 2024 | 2023 |
|---|---|---|
| Other current liabilities | ||
| HMRC | 28.74 | 16.03 |
| Utilities invoices | 1,260.86 | 1652.76 |
| Minister's Expenses | -214.02 | |
| Minister in training Expenses | 611.35 | |
| Other Expenses | 12.29 | 766.66 |
| £1,301.89 | £2,832.78 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| 12.Restricted Funds | Income | Expenditure | Balance | Income | Expenditure | Balance |
| Community Account | 1,000.00 | 3,397.84 | 32.40 | 4,397.84 | ||
| Catering Account | 4,703.88 | 4,678.72 | 506.39 | 3,359.79 | 3,201.08 | 481.23 |
| Tuesday Fellowship Account | 77.41 | 236.51 | 260.00 | 77.41 | ||
| Flower Account | 172.43 | 171.41 | 350.41 | 287.98 | 343.84 | |
| Acts 435 | 1,000.00 | 459.00 | 1,459.00 | |||
| Harbour Project | 216.00 | 800.22 | 213.60 | 1,016.22 | ||
| Friends of Bradstone | 129.00 | 129.00 | 129.00 | |||
| Raised for other causes | 3,491.57 | 3,491.57 | 0.00 | 760.66 | 760.66 | 0.00 |
| £8,195.45 | £10,558.72 | £5,541.27 | £4,836.37 | £4,755.72 | £7,904.54 |