MOUNT CALVARY PENTECOSTAL CHURCH, BALLYMONEY Statement of Financial Activities for the Year ended 31st January 2024 Unrestricted Restricted Total Funds Funds 2024 Total 2023 Income Tithes and Offerings Building Fund Special Gifts Catering - Funerals Income from CD's/Pens Misc Fund Raising NW200 Carparking Gift Aid Reclaim Interest Received 50p Project Memorials Church Dinner 63,792 63,792 8,940 2,000 1,000 130 1,190 61,199 8,379 1,400 8,940 2,000 1,000 130 1,190 90 8,391 8,391 9,257 500 750 750 725 Total Income 77,253 8,940 86,193 81,550 Expenditure Repairs & Maintenance Insurance Heat, Light & Power Advertisinglwebsite Pastors Income Piano Tuning Mother & Fathers Day Sunday School Church Dinner, BBQ & Day trip Bank Charges Cleaning/Sanitisation Supplies Stationery & Office Supplies Missions Recording Supplies Accountancy Fees Sundry Speakers Catering Depreciation 2,381 2,381 2,604 4,062 2,075 2,137 3,719 130 12,000 2,604 4,062 12,000 12,000 125 281 2,820 610 255 2,507 625 255 2,507 625 646 1,000 646 1,000 778 2,700 46 570 1,020 320 600 1,753 720 1,450 600 1,753 720 1,450 15,387 15,387 12,116 Total Expenditure 28,222 17,768 45,990 41,447 Net Income before transfers 49,031 -8,828 40,203 40,103 Transfers between funds 6,559 4,559 Net movement in funds 55,590 -15,387 40,203 40,103 Total funds brought forward 234,314 765,133 999,447 959,344 Total funds carried forward 289,904 749,746 1,039,650 999,447
MOUNT CALVARY PENTECOSTAL CHURCH, BALLYMONEY Balance Sheet as at 31st January 2024 Total 2024 Total 2023 Notes Fixed Assets Tangible Fixed Assets 762,828 765,133 762,828 765,133 Current Assets Debtors Cash at bank and in hand 2,003 1,754 274,819 232,560 276,822 234,314 Creditors - falling due within one year Net Current Assets 276,822 234,314 Credltors - falling due after one year NET ASSETS 1,039,650 999,447 Funds Unrestricted Funds Restricted Funds 276,822 234,314 762,828 765,133 TOTAL FUNDS 1,039,650 999,447 Approved by the Trustees at a meeting on signed on its behalf by: Date . Date: &. . 24
MOUNT CALVARY PENTECOSTAL CHURCH, BALLYMONEY Notes to the Financial Statements - year ended 31st January 2024 ASSETS (vi) Tangible Fixed Assets The Church Building and Halls are recognised at cost, being the estimated fair value of the property. No depreciation has been provided on the Church Building as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years. Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year. year. They are valued at cost or, if gifted, at the value to the congregation on receipt. Depreciation is recorded on all tangible fixed assets other than buildings, at rates calculated to write off the cost of each asset over its expected useful life as follows. AV, Sound & Technical Equipment over 4 years Fixtures, Fittings and Equipment over 10 years TANGIBLE FIXED ASSETS Land & AV, Sound Fittings & Buildings & Tech Equip Equipment Total Cost At start of year Additions Disposals At end of year 731,131 34.557 13,082 34,768 800.456 13,082 731,131 47.639 34,768 813,538 Depreciation At start of year Provision for year Elimination on disposal At end of year 24,976 11,910 10,347 3,477 35,323 15.387 36,886 13 824 50,710 Net Book Value At start of year 9,581 24,421 765,133 At end of year 10,753 20,944 762,828 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restrlcted Funds Funds Total Tangible Fixed Assets Current Assets Creditors due after one year 762,828 762,828 276,822 276,822 276,822 762,828 1,039,650