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