## **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|