W.JOUba'T CALVARY PENTECOSTAL C.XkJP.CH, BALLYIU]ONEY Balance Sheet as at 31st January 2025 Total 2025 Total 202-4 Notps Fixed Asbolt Tangible Fixed Assets 749,673 762,828 749,673 762,828 CLl17anr Avo&t Debtors Casli at bank and in hand 2,035 2,003 320,018 274,849 153 270,812 CreqSiÉors - falling due Ivithin one year Net Currpnt Assets 322,053 276,822 Creclitors -'l-Iling due after one year NET ASSETS 1,071,726 1,039,650 Us1d% Urirestricted Funds Resti Icted Funds 322,053 276,822 749,673 782,828 TOT.4L FUINDS I I,A 20 1,039,850 1,O*J ? Approved by Trdstees at a meeting on cigned on it> behalf by: -y-a¥ s/o/25
MOliNT CALVARY PENTECOST.4L CHLIRCI4, BALLYftslONEY Statement of Financial Activities for the Year ended 31st January 2025 Ur)restricted Restribted Total Fund Fuinds ?025 otsl 2J?b. Income Tithes and Orferings Building Fund Special Gifts Ca'ie*Éiig - FuilPI-dlo IricoTe rrom CD'slDens Iisc Fund Raising NW200 Carparking Gift Aid Reclaim Iii tel est Received OD Proj- K,1emoi"iaiQ nhurch Di1711r 69,210 63,792 e,940 2,000 69,210 7,113 7,113 1 OiJj 1iG 11'iQ 100 1,300 100 1,300 9,116 9,116 8,391 9?0 1"071 Income 80,646 7,11) e7,759 86, 193 ufr'e Repdli s & Maintenance Insurance t: Light & Power .4di,'eiiising,IWlabsite qSiOl-S Ificorfle Paitors =xpensa" ffloiher & trathers Day Sunday School Church Dinner. BBQ & Da51 trip Bank Charges CleGr;iD.glSdn;•&"!saLiOI I Supr!j¥o SLa-ioii- Ajeoions Rerordiiig qLipplies Accour,t2n.cy ", eas Sundry SDeGkeiS 2,4?8 2,003 466 2,468 2,003 5,166 2,381 2,6fJA 1LaQ 105 541 1,178 7g1 1a50 105 1778 701 9?07 r>?5 77? 5.K69 150 756 1,8?3 0.562 150 756 1,823 iiepreGia'iori 1ti,i,S= Total Expenditure 39,6; 16,005 5a,683 0:?,9L. Net lilcoame before transfers 40.9ti8 -8,893 4C..?fj NhO••K movetfi¢.IL i.n fLFnds 45,A3". ?,q55 IIK).4,33 l-ot,41 furlds b! Olla.(It for•49rd ,828 "i,CJ9,000 9q=
MOUNT CALVARY PENTECOSTAL CHURCH, BALLYMONEY Jotes to the Financial Statements - year enL¥cd 31st J>rJuarv 2025 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS Tha financial staiemani.s hax;e been preoai.ed in an- Stdte: nent Oi -KJordan.ce with AocounLifig aD,d Reporl,itig by Chcfi'tieo EIFconimendeu Prdciice appiinabl- to cnariLies preDarino tiieir aCknOLillLS ifi i acroi dance ith Finaricial Reporting Standard applicable in the UK and Ireland (FRS102) (eieciive 1 January 2015). The financial statements have been prepared under the historical cost conveii tion except for investment assets, which are shown at market value. The financial statements include all transactons, assets and liaDilities for which the congregation is responsible in lavi. FUND APCOk•liN-fiNG Endowment funds are funds, the capiLal of which must by retained either permanenTly or at the coigregation's discretion. the income o'erived from the endowment is to be used eithei as resLricted oi" unreotricted income funds depending upon th¢A purpose ior wnich the endo%'dmeni vjab established in tne rirsi pl?= Restricted funds comprise (a) iricome from endowments wnich is to be expended only on Lhe rrstricied purposes inteded by the doiior and (b) revenue donations or grants for a specific congregational activity intendea by the donor. Where these funds have unspent balances, intprest on their pooled invastmen. is apportioned to tb,e individual fiinds on an average balance basis. Uii fESiJ icied fLinds are iD.con?e Tunds '., DesiGnatea iup.ds are gen.eial funds set aside oy tne congreoallop, ?or Lise ir) frhe Tu+Lira I pufDoseè. INCOMING RtSOURCES (i) P.ecognition of ine•oming resources T.riese dre inblu,ded. in t4a S"L'Jirment O) i- ifi¢.ncic"' con¥n¢egation uecomes e,iY'-: , The trustees are virtually certain t&"?CJl,' I,'di!I ,"eK•eive tha resources and The monetary value can be mf4- .Lkn•Jlirert Iiijih sufficient reliability (s= (li) Incoming resources with related expenditure Vh,ere incoiTlllI g resi3Lirces hdV= reijatpd. caxpendiLure (as vjith fundraisiig tficome) tb,e incomiig ra%sourceS and ", el-ted axpenditure are reported groaes Ifi Lne SOFA. (iii) Grants and donations Grants and donaiions are only included in thc SOF,4 when the Coiigregdticn has (Jnconditional enitlement to the resourcas. Tax re ims on doriCltllOD.b ap:d gifts Incorr:ing resources frcm Lax reclaims aLe inluded in tb,e SOFA at ihe ¢amKe time d) Lhe gift tv (lIch they relate. EXPENDITURE AND LIABILITIES {v) Lgab"6ity recognitioi Liaoilities 21 e rer*oGnised as soon as tkiere ie a legal Oi" ftO:"lJTI"lJCtib•o cbl: J- -tion =ommiiiing . Coiigregation tc paj oui resourceo he
MOUNT CALVARY PENTECOSTAL CHURCH, BALLYMONEY Notes to the Flnancial Statements ~ year ended 31st January 2025 ASSETS (vi) Tangible Fixed Assets The Church Building and Halls are recognised at cost, being tha estimated fair value of the property. No depreciaLion has been provided on the Church Building as the current estimated residual value is not less tnan ils i•arying value and the remGining uReful life currentlij exceeds 50 yaars. Tangibl- fixed assets for lise by the charity are capitalised if they can be used for mo",e than Oli e year. year. They are valued at cost or, if gifted, at the value to the congregation on receipt. Depr•ciation is recorded on all tangible fixed assets other than buildings, at rates calcula'ted to wriLe off the cost of each asset over its expected useful life as follows: AV, Souno &. TpchTrica! Eq p,- o'dei 4 yi41 Fixtures, Fittings and Equipment over 10 years TANGIBLE FIXED ASSETS Land AV, SoiJi1d Fittings & Buildings & Tech Equip Equipment i otal Cost siart cf >'e2r ikn.ditions iSPOS21s At end of year 731,134 47,639 34 768 813,538 630 2,850 731,131 49,859 3i,398 816.388 DepreciaLicn At start of year Provisi.)D. for lie2", Elirniiiaiion or, d.: AL end of year 36,886 13.824 ?.ts40 50,710 Iti.OO'= 49.35., 17,aS4 66,71? Net Book Value At start of year 731,11)1 ', 0,753 20,944 762,828 Al. er,cl o! l'ear 731,1?1 18.b'3A 14CJ,672 ANALYQIS OF NET AQSETS BETWEEN FUNDS Unresiricisr4 Reetrictod i UV,aS Oi'a! Tangible Fixed Assets Current Asseto redi'ors dLie 2fter one year 749,673 749,612 322,053 322,053 322,053 749,073 1,071,726