Bangor Communlty Church Re¢elpts and Payinenls Account for tho Year Ended 31 December 2023 Unrestrlctod Fund Reslrlcted Fund Doc-23 Total DeG-22 Tofal Not Recel ts." Voluntary Income Donalions Inv8slmenl Incom8 Other Income 33,835 210 33,835 210 106,391 Total recalpts 34.044 105 391 Inenls.. Expendllur6 of ch8 rilable acllvllto: 59,109 69.109 125,268 Total payments 125268 Not movoment In fund8 (25.065) (26,065) (19,876) Roco cl latlon of f Total Funds brought forward 212,723 212,723 232,599 Tolal Funds carrled forward 187.658 187,658 212 723 The noles on pages 7 and 8 fonm an Integral part of those flnanclal 81alemon18 Page 4
Bangor Communlty Church statoment of Assets and Llablltl98 for tho Yoar Endgd 31 Docembèr 2023 2023 2022 Notft Flxed asse(s.' Tanglble fixed assols 164,042 165,319 rrenl ass8ts,' DebtOT6 Ca8h al benk and In hand 26,598 16,151 32.598 40,917 42,749 73,515 Credltor8: amount falllng due wlth one year 19,133 26.111 Nel Gurrent as8et8 23,618 47,404 Ngt A880ts 18 658 212 7 funds.. Unreslrfcled Fund Reslricled Fund 187,658 212,723 187658 212 723 The Flnanclal Slatemenls were approved by the Board of TNsleas on and signed on lis behall by.. Mr S Nabl TNs180 The noleB on pages 5 gnd 6 lOn an Integral part of Ihese linanclal 81at6ments Page 5
Bangor Communlty Cliurch Notes to tho Flnanclal Statemenls for the Year Ended 31 DecèmbAr 2023 1 Accountlnu Pollclos 1.1 Basls of prep8raflon Th8S8 lin8nci81 slalem6nls have been propared under Ihe hlslorlcal cosl basls and the Trusto8s have given due regard to Ihe recommgndalions conlalned wllhln Ihe Slalement of Recommended Practice "Accounllng and Reporting by Chari1188" Issued In March 2005 and appllcabla accounllng slandards. 1.2 Fund accountlng Incoming resources Ihat may bg applied for thè Charlly's general purposes are treated as 'unrestricled' Incomlng resources and ar8 credlt8d lo the 'unreslricled funds,. Fundlnu (or purposes doslgnaled for a sp8cilic purpose by Iho Trustees Is credited lo 'deslgnat8d lunds,. Where a (Jonallon or grant Is required to be used for a speclf18d purpose. Ihe amount concerned 18 Ireale(l as a 'restrlcled' Incomlng resourco and15 credlted io lh6 appiopriale 'resirlcted fund,. 1.3 Incomlng resources All Incomlng rosources aro Included In th8 statement of Ilnanclal acllvilies wh8n Ihe chaylly Is ènlllled lo Ihe Income and the amount can be quantlfled wlth reasonable accuracy. The followlng speclllc pollcle8 are applled to parilcular ca18gorles of Incomo: Donated servlces and f8c115118s are Included at the value lo the charlty where thls can be quanlifled. Inveslm8nt Incom8 Is included when r8celvable. Incomlng resources from grants, where related lo performance and sp8clfiG dellverables, are accounted lor as Ihe chaTily earns Ihg rlght lo conslderatlon by Ils perfoTmance, 1.4 Bank Interest Bank Iiiierest Is recognlsed as an Incomlng resource when11 Is credlled lo Ihe bank 8tal8menl. All bank Inlerest Is treated as unreslricled Income lo the G8ner81 Fund. 7.5 Resourcos Expended Expendilure is recognlsed on an accrual basls a8 a 1labllily18 Incurred. Exp8ndiiure InGlud88 8ny VAT th81 cannot be fully recovered, and Is reported as part ol the expendlture lo whlch It rglates. Tanglble assets Tanglble assets are InlllalSy recorded al cosl, and subsequenlly slated at cost less any accumulated depieclalion and Impalrmenl losses. Any tanglble assets carried at r8valu8d amounls are recorded at Ihe falr value at the da18 of evalualkin less any subsequent accumulated depraclallon and subsequent accumulated Impalrment losses. Depreclallon Depreclatlon Is calculated so as lo wrlle off the cost or valuallon of an asset, less Its resldual value. ovef the useful economlc Ille of Ihat asset as follow8: 25Qh reducing balance 25Yo reduclng balance Flxtures and IIHlngs Motor v8hldes. Page 6
Bangor Communlty Chur¢l) Nolo¥ to tho Flnanrlal Statomen15 for IhB Year Endèd 31 Decombor 2023 Donallons 2023 2022 Gills & olferfngs Glll ald Mlsslon8 Sundry Incon10 Rlse & bulld 22,159.98 10,550.44 10.00 1.084.11 30.00 82,235.79 10.746.22 2,028.67 9,987,54 393,00 33.835 105 391 iivesl nl liicom 2023 2022 Inlei881 recefvod 210 210 her 2022 nc 2023 Gf8nl$ ctlvl 2023 2022 Slafl co818 Pr&mlsos Communllalton & IT Ganeral olllce Flnancg cos1$ Gov8rance cos18 Molof and Iraval Mlnlslry glll8 Mlsslons chUh Dgpartment Depfeclailon 25.974.99 10,486.45 1,489.93 10,590.52 185.20 16.00 1.922.18 6.096.00 58.707,44 19,256,27 2,261.45 6,747.86 802.26 6.890.50 4,032.65 17,280,44 5,217.73 3.224.40 846.63 1,071.63 1,276.22 59 109.12 126 267.63 do on Exam fe 2023 2022 Feos p&y8bl8 lo tho InrJop6ndenl oxonlnw lh8 Indop9ndenl examkn8llon ol tho IlnancS81 sl8len*nt8 650 650 Pago 7
Bangor Coinmtsnlty Church Notes lo tho Flnanclal Statomènts for tho Year Endod 31 Docombor 2023 2023 Slaff Cos 2022 Woges and s818rf8s oer on èd A88e At 01-Jan.23 Addlllons At 31-Doc•23 Land and bulldlngs Fthiuf85 & lilllr)gs Motor v8hl¢l8s 161,054 20,799 4,888 181,054 20.799 4,888 186 740 186 740 Al 01JMn-23 Charge lor yoar Dl$posals Al 31-Oec-23 Land and bulldlnos Flxlures & lilllng$ MDlor vehtclos 17.565 3.857 890 387 17.665 3,857 unl Land and bulldlngs Flxlures & Illllng8 Motor vehlclas 161,054 2.344 644 161,054 3,234 1.031 184 042 165 319 2023 2022 Piepaymenls Other doblors 4.304 22,294 4,304 28,294 10 gdlto 2023 2022 Bank108ns 8nd oVeTall9 Accuials Olh8f cyodito 17.833 1.300 23.722 650 1,739 19,133 Pago B