Jesus Generation Church Income & Expenditure Report Year Ended 31st May 2023
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Income 2023 2023 2022 2022
Tithes 99,060.03 61,484.07
Freewill Offerings 8,860.92 7,913.91
Gift Aid 20,550.11 15,216.33
Gifts 0.00 0.00
Sale of Assets 0.00 0.00
Bank interest 0.00 75.41
Total Income 128,471.06 84,689.72
Expenditure
Staffing Costs
Pastor's salary cost 22,533.17 22,421.28
Staff training 0.00 22,533.17 300.00 22,721.28
Church Services
Gifts 7,114.11 5,880.00
Guest speakers and music 270.92 500.00
Missions 16,437.45 15,538.89
Pastor fees 6,526.00 5,410.00
Functions and conferences 24,174.65 5,514.98
Food provisions and consumables 8,502.85 6,303.19
Motor and travelling 508.00 63,533.98 2,175.91 41,322.97
Church & Grounds
Rent 0.00 0.00
Rates & Water 0.00 0.00
Insurances 1,233.56 1,534.65
Light, heat and power 2,482.24 1,655.09
Repairs & Maintenance 2,283.07 5,865.47
Equipment / office supplies 603.87 402.83
Telephone 810.28 7,413.02 569.20 10,027.24
Other Expenses
Accountancy fees 918.00 828.00
Professional fees 0.00 196.50
Miscellaneous 163.00 318.00
Depreciation 4,766.16 1,676.38
Bank fees 352.06 6,199.22 313.47 3,332.35
Total Expenditure 99,679.39 77,403.84
Net Income for Year 28,791.67 7,285.88
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Jesus Generation Church Balance Sheet Report Year Ended 31st May 2023
| Balance brought forward Net Income for the year Balance carried forward Fixed Assets Frances Street Fixtures, fittings and equipment Current Assets Danske Bank Charity Account Petty Cash Current Liabilities Accruals PAYE |
2023 2023 99,950.65 28,791.67 128,742.32 70,000.00 19,035.01 89,035.01 39,621.41 1,087.90 40,709.31 129,744.32 1,002.00 0.00 1,002.00 128,742.32 |
2022 2022 92,664.77 7,285.88 99,950.65 70,000.00 6,705.00 76,705.00 22,845.50 1,468.75 24,314.25 101,019.25 972.00 96.60 1,068.60 99,950.65 |
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Prepared by:
Stanley Woods & Co. Alexander House 49/51 Church Street Newtownards Co. Down BT23 4AN
28th February 2024