## **New Testament Pentecostal Church** ## **Accounts** **for the year ended 31 March 2023** ## **New Testament Pentecostal Church** ## **Information** ## **Accountants** Gilchrist & Co (CA) Ltd Chartered Accountants 17 Kensington Gate Kensington Road Belfast BT5 6PF ## **New Testament Pentecostal Church** ## **Contents** ||**Page**| |---|---| |Accountants' report|**1**| |Trading, profit and loss account|**2**| |Balance sheet|**3**| |Notes to the accounts|**4 - 5**| ## **New Testament Pentecostal Church** ## **Accountants' Report on the Unaudited Accounts to New Testament Pentecostal Church** As described on page 3 you have approved the accounts for the year ended 31 March 2023 set out on pages 2 to 5. In accordance with your instructions we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us. Gilchrist & Co (CA) Ltd Chartered Accountants 17 Kensington Gate Kensington Road Belfast BT5 6PF 7 November 2023 **Page 1** ## **New Testament Pentecostal Church** **Trading and profit and loss account for the year ended 31 March 2023** |**Income**
Member Giving
Gifts
Other Income
**Expenses**
Wages and salaries
Staff pension costs
Staff training
Gifts
Cafe Purchases
Rates & Water
Children & Youth Work
Insurance
Mission Costs
Light and heat
Repairs - 17 Main Street
Repairs - 4 Harmony Way
Printing, postage and stationery
Telephone and fax
Computer costs
Minibus expenses
Catering
Consultancy fees
Accountancy
Bank charges
Kitchen/cleaning materials
Sundry expenses
Subscriptions
Depreciation on freehold property
Depreciation on FF & Equipment
Depreciation on motor vehicles
**Net loss**|**2023**
**£**
**£**
88,296
10,008
149,073
247,377
61,726
51
110
28,735
47,682
561
2,786
3,571
18,598
7,062
6,586
15,729
2,594
2,058
637
10,403
2,690
26,004
360
288
2,856
4,279
1,543
40,000
5,005
50
)
(291,964
)
(44,587|**2022**
**£**
**£**
169,379
5,649
55,070
230,098
20,910
-
-
16,519
18,279
530
3,173
3,327
21,580
4,145
3,154
88,803
5,926
1,306
212
8,139
2,456
24,000
360
267
2,074
5,876
1,219
40,000
5,368
67
)
(277,690
)
(47,592| |---|---|---| **Page 2** ## **New Testament Pentecostal Church** ## **Balance sheet as at 31 March 2023** |**Notes**
**Fixed assets**
Tangible assets
**2**
**Current assets**
Cash at bank and in hand
**Current liabilities (note 3)**
Bank loans and overdrafts
Other creditors
**Net current assets**
**Total assets less current**
**liabilities**
**Capital account**
Brought forward at 1 April 2022
Revaluation Reserve
Loss for the year|**2023**
**£**
**£**
1,907,615
18,167
2
1,031
1,033
17,134
1,924,749
1,969,336
-
)
(44,587
1,924,749|**2022**
**£**
**£**
1,948,756
20,826
-
245
245
20,581
1,969,337
259,429
1,757,500
)
(47,592
1,969,337| |---|---|---| I approve these accounts and confirm that I have made available all relevant records and information for their preparation. ## **E Edmonds** **Date: 7th November 2023** **Page 3** ## **New Testament Pentecostal Church** ## **Notes to the accounts** ## **for the year ended 31 March 2023** ## **1. Accounting policies** ## **1.1. Accounting convention** The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. ## **1.2. Sales** Sales represents the total invoice value, excluding value added tax, of sales made during the year. ## **1.3. Tangible fixed assets and depreciation** Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: - Land and buildings Straight Line over 2% Straight Line years Fixtures, fittings - and equipment 25% Reducing balance Motor vehicles - 25% Reducing balance ## **2. Tangible assets** |||||| |---|---|---|---|---| |**Tangible assets**|**Land and**|||| ||**buildings**||**Motor**|| ||**freehold**|**Equipment**|**vehicles**|**Total**| ||**£**|**£**|**£**|**£**| |**Cost**||||| |At 1 April 2022|2,000,000|27,370|3,000|2,030,370| |Additions|-|3,914|-|3,914| |At 31 March 2023|2,000,000|31,284|3,000|2,034,284| |**Depreciation**||||| |At 1 April 2022|67,550|11,264|2,800|81,614| |Charge for the year|40,000|5,005|50|45,055| |At 31 March 2023|107,550|16,269|2,850|126,669| |**Net book values**||||| |At 31 March 2023|1,892,450|15,015|150|1,907,615| |At 31 March 2022|1,932,450|16,106|200|1,948,756| **Page 4** ## **New Testament Pentecostal Church** ## **Notes to the accounts** ## **for the year ended 31 March 2023** |**3.**
**Current liabilities**
Bank loans and overdrafts
Taxes and social security costs
Other creditors|**2023**
**£**
2
895
136
1,033|**2022**
**£**
-
245
-| |---|---|---| |||245| **Page 5**