Reports and Financial Statements Year ended
31[st] December 2023
Honorary Treasurers’ Report 2023
As can be seen from the financial statement the church has achieved a small surplus for the year. An increase in contributions from the congregation together with the additional income from investments have helped towards this result. On the negative side one of the rented properties (Kingsway, Dunmurry) was vacant for most of the year with the loss of rent. This property is now occupied on a long-term lease and income will be reflected in future accounts.
Maintaining church property, buildings and grounds is on power with previous year and all other expenses have been well controlled. The memorial garden is now completed, and the new library is ongoing, we appreciate the donations towards this project which will offset any costs we may incur.
We would like to thank Mrs. Heather Douglas, Freewill Offering Treasurer, for her work throughout the year and Mr. John Neill for his continued support and to Mr. Ivan Laird for his work as Auditor.
The continued support of the Congregation is greatly appreciated, and we look forward to this continuing into 2024.
Mrs. Sylvia McBride and Mrs. Kathy Yuille Honorary Treasurers
Financial Statement for the year ended 31[st] December 2023
Current Account (No. 1 Account)
| 2022 | INCOME | £ | £ |
|---|---|---|---|
| Congregational Income: | |||
| 2403 | Stipend | 2173.00 | |
| 21425 | Weekly Freewill Offering | 23643.00 | |
| Income Tax | |||
| 4776 | Refunds | 5082.00 | |
| 306 | Sundry Cash | 276.00 | 31174.00 |
| Property & Investment Income: | |||
| Dividends & | |||
| 8732 | Interest | 10210.00 | |
| 44248 | Rents Received | 29659.00 | |
| 100 | Graveyard | 490.00 | 40359.00 |
| Donations: | |||
| 435 | Donations In Memory | - |
| - - - 40000 171 122596 |
Bequest: Robert McFarland Ulster Bank Ltd Donations McMillan Library Bank of Ireland Ltd Sundry Income Total Income |
Bequest: Robert McFarland Ulster Bank Ltd Donations McMillan Library Bank of Ireland Ltd Sundry Income Total Income |
5500.00 8187.00 7665.00 - 927.00 |
22279.00 93812.00 39385.00 11105.00 9657.00 1434.00 |
|
|---|---|---|---|---|---|
| EXPENDITURE | |||||
| 33756 911 3401 3300 495 |
Salary Employers NIC Contributions Employers Pension Contributions Organist & Musical Accom. Pulpit Supplies Property Costs: Maintenance & Repair Buildings & Equipment Grounds New Equipment Manse Shop Premises 14 Glebe Road 3 Glenburn Ford. 6 Glenaan Avenue Rates & Insurance Denominational Funds: General Expenses: Heat & Light Telephone Stationery, Postage & Printing Payroll Costs Fees: Bank, Rent Collection Miscellaneous Expenses McMillan Library Sunday School |
32500.00 - 3385.00 3300.00 200.00 |
|||
| 8354 3713 3120 2558 4391 1289 3092 805 3279 1239 |
3722.00 4360.00 1673.00 990.00 - - 360.00 - |
||||
| 3877 177 568 397 1855 882 1560 - |
3824.00 1156.00 1558.00 603.00 507.00 1343.00 5962.00 500.00 |
| - - 6390 89409 33187 122596 |
Donations and Gifts Transfer to Charity Account Memorial Garden Total Expenditure. Surplus for Year. |
693.00 500.00 3651.00 |
|
|---|---|---|---|
| 20297.00 81878.00 11934.00 93812.00 |
|||
Audit report:
I have examined the above Account with the Cash Book, Bank Statements, Receipts and Payment Vouchers kept by the Honorary Treasurers. In my opinion, it gives a true and fair view of the state of affairs of the Church on 31[st] December 2023.
Dated: 9[th] May 2024
Signed: I Laird, Auditor
RESERVE ON DEPOSIT - BANK of IRELAND
| Balance at 1st January 2023 | £152,877.43 | |
|---|---|---|
| Add: Interest Received | £3,859.60 | |
| Balance at 31st December 2023 | £156,737.03 |
| Balance at 1st January 2023 | £152,877.43 | £152,877.43 | £152,877.43 | £152,877.43 | |
|---|---|---|---|---|---|
| Add: Interest Received Balance at 31st December 2023 |
£3,859.60 £156,737.03 |
£3,859.60 | |||
| ULSTER BANK LTD BUSINESS RESERVE | |||||
| Balance at 1st January 2023 £99,769.24 |
|||||
| Add: Interest Received £822.64 £100,591.88 Less: Transfer to Current Account £8,186.76 Balance at 31st December 2023 £92,405.12 |
|||||
| CHARITY ACCOUNT Bodel Mackenzie Benev Fund Ministers' Widows Fund Orphan Society |
|||||
| £25.00 Balance at 1st January 2023 £289.62 £150.00 £250.00 Donations from Congregation £585.00 |
| Porter Fund Christian Ministries NSPCI Benevolent Fund Lighthouse Charity Turkey, Syria Appeal N.I. Chest Heart & Stroke |
£50.00 Turkey, Syria Appeal £150.00 Quiz Night: Lighthouse Charity £150.00 £500.00 Transfer from Current Account £251.00 £100.00 |
£251.00 £480.00 |
|
|---|---|---|---|
| £500.00 | |||
| Balance at 31st December 2023 | £479.62 £2,105.62 |
£2,105.62 | |
| INVESTMENTS | |||
| 7450 Units in M & G Charifund. £120,000.00 Aegon £109,026.28 No 3 Glenburn Ford Dunmurry. £119,064.78 6 Glenaan Avenue |
|||
The Aegon investments have a market value at the 31st December 2023 of £127091.00. The M&G Charifund units have a market value of £106907.00.
Bequests and Donations to Church 2023
We have received several generous donations to Church funds, as listed in the Accounts. We are very grateful for the generosity of these bequests and donations. A list of such payments received over the last 5 years is shown below:
| Bequest | Donations | ||
|---|---|---|---|
| 2023 | |||
| Mr. Robert McFarland | £5500 | McMillan Library from | £7500 |
| JA Bright Fund | |||
| 2022 | In Mem: Mr. M Orr | £200 | |
| - | Mr. R McFarland | £215 | |
| E Hughes | £20 | ||
| 2021 | In Mem: Mr. R Douglas | £545 | |
| - | Mrs. I Douglas | £495 | |
| Mr. M Orr | £500 | ||
| 2020 | |||
| - | In Mem: Rev. W McMillan | £4047 | |
| 2019 | |||
| Miss. M A Orr | £5000 | In Mem: Miss. MA Orr | £103.50 |
| Mrs. F Press | £300 | ||
| Mrs. E Allen | £145 | ||
| 2018 | |||
| Mr. Alfred Martin DFC | £20,000 | Belfast Domestic Mission | £500 |