ASSEMBLY OF GOD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted Funds |
Restricted Funds |
Total 2022 | Total 2021 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| RECEIPTS AND PAYMENTS ACCOUNT | ||||
| Receipts | ||||
| Tithes & Offerings | 46,431 | - | 46,431 | 38,691 |
| Missionary Offerings | 5,609 | - | 5,609 | 2,237 |
| Gifts & Donations | 2,030 | - | 2,030 | 522 |
| Gift Aid | 4,459 | - | 4,459 | 3,385 |
| Other Income | 5,821 | - | 5,821 | 3,198 |
| Total Receipts | 64,350 | - | 64,350 | 48,033 |
| Payments | ||||
| Church Activities | 30,789 | - | 30,789 | 23,816 |
| Community Work | 9,018 | - | 9,018 | 6,747 |
| Overseas Missions | 5,516 | - | 5,516 | 1,767 |
| Total payments | 45,323 | - | 45,323 | 32,330 |
| Surplus(deficit) for the year | 19,027 | - | 19,027 | 15,703 |
| Transfer between funds | - | |||
| 19,027 | - | 19,027 | 15,703 | |
| Bank Current & Deposit Balances |
106,457 | - | 106,457 | 87,430 |
| STATEMENT OF ASSETS & LIABILITIES | ||||
| Cash in Hand & Current Account |
8,224 | - | 8,224 | 3,048 |
| Deposit Account | 98,233 | - | 98,233 | 84,382 |
| 106,457 | - | **106,457 ** | 87,430 |
CROSSPOINT ASSEMBLY OF GOD PENTECOSTAL CHURCH
NOTES ON THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1 ACCOUNTING POLICES
Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the Statement of Recommended Practice by the Charity Commission for Northern Ireland.
Fund accounting – unrestricted funds
The charity’s unrestricted funds consist of a general fund, which is expendable at the discretion of the trustees in furtherance of the charitable objects of the organisation. The trustees may at their discretion designate funds for specific purposes but the designations do not legally restrict the trustees’ discretion to apply the funds.
Fund accounting – restricted funds
The charity’s restricted funds consist of funds where the donor has imposed restrictions on the use of the funds.
Income and Expenditure
Income and expenditure have been included in the financial statements using the receipts and payments method. Expenditure includes any VAT, which cannot be recovered.
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
| Tithes & Offerings Missionary Offerings Gifts & Donations Gift Aid Other Income TOTAL INCOME EXPENDITURE BY ACTIVITY Salaries and NIC Rent & Rates Utilities Office Expenses General Expenses Maintenance Equipment Purchase & Hire Insurance Bank Fees Professional & Legal Fees Gifts & Donations Missionary Gifts Church Expenses TOTAL EXPENDITURE TOTAL INCOME SURPLUS/DEFICIT FOR THE YEAR |
2022 2021 £ £ £ £ 46,431 38,690 5,609 2,237 2030 522 4,459 3,385 5,821 3,198 64,350 48,032 2022 2021 £ £ £ £ 24,520 23,800 560 346 3,986 1,922 412 100 466 272 5,629 635 382 279 1200 1086 31 48 608 200 1,400 1,142 4,900 1,400 1,229 1,100 |
2022 2021 £ £ £ £ 46,431 38,690 5,609 2,237 2030 522 4,459 3,385 5,821 3,198 64,350 48,032 2022 2021 £ £ £ £ 24,520 23,800 560 346 3,986 1,922 412 100 466 272 5,629 635 382 279 1200 1086 31 48 608 200 1,400 1,142 4,900 1,400 1,229 1,100 |
2022 2021 £ £ £ £ 46,431 38,690 5,609 2,237 2030 522 4,459 3,385 5,821 3,198 64,350 48,032 2022 2021 £ £ £ £ 24,520 23,800 560 346 3,986 1,922 412 100 466 272 5,629 635 382 279 1200 1086 31 48 608 200 1,400 1,142 4,900 1,400 1,229 1,100 |
|---|---|---|---|
| 45,323 | 32,330 | ||
| 64,350 19,027 |
48,032 | ||
| 15,702 |