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 lO￿n 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
chU￿h 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 oVe￿Tall9
Accuials
Olh8f cyodito
17.833
1.300
23.722
650
1,739
19,133
Pago B