Kings Church Bangor Annual Report and Financial Statements for the year ended 31st March 2023 Charity no: NIC102752 Contents Page General Inforniation Governance and stsffing Structure Acknowledgements Aims, Objectlves and Publlc Benefit Main Activities 9-12 Financial Review 13 Future Strategic Plans 14 Trustees, responsibilities in relation to the financial statements 15 Statement of financial activities 16 Balance sheet 17 Notes to the Financial ststements 18-22 Independent examiner's report the charity trustees 23-24 General Inforniation Name of organisation Other name Kings Fellowship (Bangor) Kings Church Bangor Charlty no. 102752 Registered offlce address 196 Seacliff Road, Bangor, County Down, BT20 SHA Contact Detalls Website: www.kingschurchbangor.org Email: office@kingschurchbangor.org Legal status Kings Fellowship (Bangor), established in 1985, Is a registered charity and currently operates under a Trust Deed dated 19th March 2015. Its registered charity no. 15 NIC102752. Bankers Danske Bank Bloomfield Shopping Centre South Circular Road Bangor Co Down BT19 7HB Independent Examiner D N Robinson 17 Grays Hill Bangor Co Down BT20 3BB Solicitor CMG Solicitors 20 Maystreet Belfas¢ BTI 4NL Governance and staffing structure Leadershlp Team The team provides spiritual leadership, general oversight, pastoral care and direction for all that happens in and through the church. The leadership team in place during 2022/23 were: Peter Johnston Lynn Johnston Sam DeakÈn lain Stewart Lesley Stewart William Thompson Ruth lustin Stevie Garrett Trustees The trustees are responsible for the legal and financial matters of the church. Under the Trust Deed there must be at least 3 trustees. They are appointed for a term of three years which can be renewed by a resolution of the Trustees. In selecting individuals for appointment as Trustses, they must have regard to the skills, knowledge and experience needed for the effective administration of the harity. The Trustees who acted during the year were: Peter Johnston Cliff Courtney lain Stewart (resigned 10th January 2023) Ali Pope Sam Howard Staff Team Our staff team are those employed to carry out the practical functions of the church, such as finances, administration, worship and children's work Peter Johnston Sam Deakin Lesley Stewart Sarah Etheridge Lead Pastor Assistsnt Pastor Administrator and Global Mission Coordinator Communications and Social Media (resigned 5th January 2023) Communications and Social Media (appointed l February 2023) Caretaker Youth Worker (resigned 18 lune 2023) Children's Worker (resigned 30 June 2023) Amy Titmus Lorraine Wilson Rae O'Dowd Anne Davey Acknowledgements Appreciation is expressed to the staff and many volunteers of the church who have put in so much time and effort during the pastyear. Without this help, the hurch would be ineffective. The trustees express their appreciation for the faithfulness in giving by many members of the church. Our Alms and Objertives Purpose per Trust Deed "To promote and further the Christian Faith and its practice among men and women and young people both at home and abroad in accordance with the teachings of the Holy Scriptures which are the word of God," Our Vlslon Is to: ow We want to be apprentices of Jesus, experiencing the abundant life that He brÉngs by being with Him, becoming like Him, and doing what He did. As we passionately seek God's heart, we want to tske actions to love people so that lives and communities will flourÈsh. ow new We want people to encounter Jesus for the first time, experience His life- changing love, and journey with Him. We long to see the Bangor area thrive by seeking to impac¢ love, and serve those who live nearby. We want to love and pray for those on our island, partnering with others to see spiritual awakenlng and renewal. We want to play our part in God's worldwide plan, supporting and sending more people, to bring His hope and compassion to other countries. Our values are: li￿. We welcome each person into our diverse multi-generational family, authentically loving and supporting one another through the up5 and downs of life, EtoLLce: We desire to be continually filled and led by the Holy Spirit seeking His transforming presence in our gatherings and daily lives. I￿th. We pursue, proclaim, and practice the freedorn-giving message of God's biblical Truth in an uncertain world. Love: We express radical and sacrificial love through tangible expressions of generosity, seeking to reflect God's heart towards all people by our givin& hospitslity, and service. Publlc Beneflt The Trustees have referred to the statutory guidance produced by the Charity Commission for Northern Ireland on public benefit when reviewing the Charitys aims and objectives and in planning future activities. Our principal public benefit is the advancement of the Christian faith through a personal belief in Jesus Christ. Strategic Priorities for the year At the start ofthe year 2022123 we were starting to corne of the restrirtions brought by the Covid 19 pandemic. Sunday meetings at the church building could tske place and the restriction reduced through the year. Many other activities which had been paused were able to restart. In order to provide our principal public benefit we set out below the strateglc priorities agreed at the start of the year 2022123 and the extent to which they were achieved: Leadership & Discipleship We plan that we will all have opportunity to gmw asfollowers ofJesus and in leade￿hIP whatever our role. As part of that The Leadership Development Hub, which CoMmen￿d in April 2022, will meet on o monthly bosis and mentoring will be pmvided to those who want it. We will also meet in community gmups and other 5mallergatherings as we buildfamily and seek tofollowJesu& The Leadership Development Hub met monthly over the year. A highlight was a weekend in lune 2022, a time of real encouragement in the operation of the ￿ftS of the Holy Spirit amongst Us. Mentoring was provided for those who requested It, We had a number of outside speakers as well as internal. The communlty groups contlnued to meet and a number ofother gatherings comrnenced such as prayer triplets. Pastoral Care & Mission We willfurther develop pastoral carefor our members and beyond as we all play ourpart. We will olso consider how we can serve ourlocol community in Bongor andfurtherafield. We continued to provide pastoral care for our members. We identified the need to reach out to members who over Covid had not come to meetings. Many of them recommenced meeting with us in person. Where this was not possible the live-streaming of our Sunday morning meetings helped people to connect and also drew along a number of visitors. We continued to offer meals to families of new-born and those going through particular hardships. In June 2022 a number of us started to help with a weekly English Speaking Conversation Class for refugees at a local hotel, We have developed good friendships with our friends in the hotsl. A new initiative "Create Space. was stsrted on Friday mornings. It is a space for friendship, creativity and food. We have seen it grow significantly over the year. The free and welcoming atmosphere has rnade it a place where people feel accepted and friendships have developed. Vision & Values We will update and develop our vision and values as a people to reflert what we believe God is calling us to be and to do. We will then work to ensure that the Vision and Values arefully incorporuted into our life as a community. We completed our revlew of our vision and values for the church. We have preached on each element of our vision for the church. To help instill our values in all we do we stsrted in January 2023 to set aside for each term-time a value to base our Sunday morning tslk. We completed the Love value by Easter 2023 and then moved to the Presence Value. We have also displayed our vision and values in our building and on our website. Building Project We will decide where ourfuture home lies and put plans in place to relocate/refurbish. After prayer, speaking to a wide range of people in Kings and a search of suitsble properties in the Bangor area we decided to remain in our current location at 196 Seacliff Road, Bangor. We started to put plans in place for the refurbishment of the building. Summary ofHowWe Provided A Publlc Beneflt A summary of our activities and actions undertaken in the year to meet our aims and objectives and to provide a public benefit is provided below, Further detail can be found below under"Kings Church Main Activities" at pages 9 to 12. The direct benefits which have flowed from our actions in the year included the training and equipping of people in their Christian faith, the promotion of farnily stsbility and the well-being for those attending. Through our activities people have increased their ability to contribute positively to society and to address poverty and those in need of care. We facilitated our mernbers to carry out acts of social concern to benefit persons in North Down and the surrounding areas facing hardship on the basis of their need and thereby promoting the practice of the Christian faith, These benefits were evidenced through weekly meetings to present the teachings of the bible and the provision of opportunities for Christian response including but not limited to prayer and worship. The church provided teaching and training opportunities, using the resources of church staff, volunteers and also external courses and events, With the relaxing of Covid 19 restrictions our groups were able start meeting again and were well attended: mothers and toddlers group (Kids and Co), Men's Group, Womens Group, (Gather), childrens, groups (Kings Kids Sunday) and youth group (Kings Youth Fellowship) and our group for people with learning disabilities (the Friends Group) - we reached out to those who had stop coming over Covid 19 and many returned. The ability to be able to meet agaAn in-person help us to continue to promote the Christian faith, friendship and care. The church's beneficiaries include those who have attended and participated in meetings and activities including children, youth, parents/carers with toddlers, the elderly and people with learning disabilities. The charity also brought benefits to the poor in the local community through supporting charitsble organisations such as the Bangor Storehouse and our Community Fund as well as raising funds for people in poverty abroad. We continued our nursing home visits to Kingsland Nursing Home. We also worked in the year with other churches in the North Down area to promote joint events for the public. We continued to support our missionaries abroad who work to promote the Christian Faith alongside local churches and NGOS. It should be noted that the above is not a complete list of activities. However they do demonstrate Kings Church is continuing to fulfill its obligations and achieve its objectives. Kings Church Main Activities Adult Ministries: Over the year, Kings Church seeks to develop our Adult Ministries to best serve those currently in the church as well as bless and love those in our communities. The benefit from these actions enables members of Kings & those who also get involved to lead a more ￿lfilled and purposeful life. Sunday Services: Morning: The main weekly gathering at Kings Church happens at 10.302m on Sunday morning in our church building. This includes a time to connect with one another, a time of sung worship, a preach from the Bible as well as times to pray for things happening in our lives and further afield across the world. Across the year we had many new people joining our community. We held 2 Newcomers Lunches which saw over 20 people join Kings Church. Attendance to our Sunday morning services slowly increased throughout the year with around a 10-15% increase from the year before, We continued to live-stream these services to care for those who felt vulnerable in public but still wanted to be part of our church community. This year we were able to incorporate 'Prayer Ministy again at the end of our Sunday morning gatherings. Our team underwent safeguarding and prayer ministy training in September, and we then spent time praying for people towards the end of the service. Evening: The monthly Sunday Evening'presence" Gathering continued on the 3rd Sunday of each month, Being held at 7.30pm meant that usually this was just adults that attended. The service is more relaxed and less structured, centring around an extended time of sung worship as well as responding creatively to the theme that month. On average 40 adults attended each month. Community Groups: Community Groups are groups of 6-19 people who meet weekly to eat together, study the Bible or reflect on the previous Sunday's sermon, share needs with one another and pray for each other. They also spend time praying for wider needs in the church and for our Global Missionaries. Across the year there were 8 groups that met regularly across the week in different localities. Around 60% of the adults in Kings were part of a Community Group. Gather & Men's Ministries: Gather runs events for women of all ages and stages of life to come together to build relationships and encourage one another through fun activities. These events are for all Female members of Kings as well as any female who wants to attend, Across the year there were multiple events which were well attended: these included a Christmas Craft Workshop, Clothes Swap, and an Afternoon Tea event. These events seek to introduce those in our personal spheres to members in the church to build connections in our locality. Our Men's Ministry had a Saturday morning Breakfast as well as several of the Men attending a conference, "Rumble" in September. We also ran "Walking Football" for several weeks during the year as a way of socialising and exercising for those who wanted a more accessible way into football. Global Mission: Kings Church currently supports 7 families involved in Global Mission and has I other associated with the church. These families are involved in Japan, Kurdistsn, Moldova, North Africa, Nepal, Papua New Guinea, and the United Kingdom They are involved in ministries including church plantin& church pastoral work, developmen¢ evangelism, fundraisin& medical worl outdoor pursuits, teachin& and working with refugees and asylum seekers. Over the past year Asylum seekers have been housed locally and 2 small group has reached out to them. This involves social events and weekly conversation classes with them to help improve their English. We have a Global prayer meeting, once month and produce a prayer leaflet every month to help u5 pray effectively. We are still meeting on Zoom so that some of our missionaries can still attend. About 12 people attend each month. Two ofour missionary couples, working in Kurdistsn and Japan were back with us over the year and we had meetings in the church to promote their work. We started to pray for a new initiative called Thirty We had several °mlssion focus" Sundays throughout the year. At one of these services, we had a visiting speaker, from a Missions Conference in the town that ha5 been running for over 80 years and that some of our members attend. We also provide financial support to our mission families, Storehouse,. Storehouse North Down is a project bringing together different agencies to fight food poverty throughout the North Down arca and beyond. There is a shopping trolley positioned in the church huilding and members of the congregation are invited to regularly donate suitable food products that are then collected and tsken to the Storehouse premises for distribution. This is done on a regular basis with extra times taken throughout the year to do bigger collections. Friends Group: ThRS is our group for adults with learning disabilities, their carers and friends. The group provides opportunity for friendship, fun and learning to follow jesus together. It meets fortnightly and has 25 regular attendees including 8 volunteers and support staff. The group has been able to meet regularly in Kings on a Wednesday night whilst also doing events outside of Kings. For all who attend, this is a valued place of connection and a place to belon& whilst for some it would be their "church service" as other services at Kings and other churches aren't accessible for them. 10 Marriage Preparation: For those engaged to be married, Kings Church offers marriage preparation, which is an informal course run by members of the Leadership Team. The purpose is to help couples build strong foundations for their future together. One couple went through Marriage Preparation and were also married by one of the Pastors in Kings. Create Space: On a Friday morning Create Space is a place for people to come and enjoy some time together. IVS a space for friendships to be built but also a place for creativity to happen. Individuals from both Kings, and the local community, bring sewin& artwork, or projects to work on, As well as this there are refreshments and games for people to play. Create Space ha5 also been a place that local Asylum Seekers have felt very welcorne to- a place to meet others, feel valued, learn new skills, and practlce thelr English. Leadership Hub: In March 22 we started a Leadership Development Hub for those in the church who wanted to grow in their leadership, no matter what sphere that was. Embarking on a year course, 45 people signed up to meet monthly and embark on a journey of growing in their leadership. Stories Course; In the first few months of 2023 we partnered wlth the charlty, Crown Jesus, who came and ran a course focused on Evangelism and Mission. It was attended by between 30-50 adults each week that the course ran. Wider Events: Across the Year, Klngs ran multiple events that served and blessed members of Kings as well as the wider community. We had our Handmade Christmas Market which supported local small businesses who came to sell their products to over 700 people who came through the doors. The majority ofthose not linked to Kings, they were invited to following Christmas events. As well as our regular NativÉty & Carol service. we also held a Christmas Musical: "Nine Songs for the Nativity,. A choir practised for several weeks and with individuals in the choir enjoying it so much, we are going to start a community choir next year. We had other community events like our Light Paty for"All Saints Da￿. Over 300 people attended an evening of fun & games as well as hearing about the "Light of the World." Our Family Fun Day in the summer at Kingsland Park and our Easter Eggstravaganza at Crawfordsburn Park were brilliant for those in Kings and others invited. Youth Ministries: Kings Church has a passion to serve Youth in our church and in the local community. Following hiring a new Youth Worker in March 2022 we were able to focus on the dozen or so youth that were in our Church community. 11 Kings Youth Fellowship: K.Y.F. is a space for young people of Year 8 and above to explore their own Christian faith. This usually takes place on Sunday Evenings weekly during term times. The group involves lots of fun games. activities, and discussions about God and the Christian faith, There is a small youth team who oversee the group of around 6-12. Kings Youth Sundays: Our Kings Youth began to meet again on Sundays. Initially once a month and then increased to twice a month, they gathered in one of our upstairs rooms at the same time as the Morning service and had breakfast together whilst discussing topics that arose or that were being discussed by the church that day. Children's Ministries: Kings Kids Sundays: On Sunday Mornkngs our children's ministry continued to grow and flourish, We had 4 groups that were specifically catered towards different age groups as well as a space for Parents/Carers to go with their children, In these groups the children were taught about God, faith. and church in fun, caring and interactive ways. The average number of children attending Kings Kids Sunday's increased by 150/0 which required extra volunteers to ensure they were safe and also invested in. We had a number of new babies this year whilst also dedicated 10 children that had been born in the past few years. Kids & Co: Kids and Co is a Parent and Toddler group that runs every Tuesday morning, They welcome parents, grandparents, child-minders and carers with babies and toddlers of pre-nursery age. Usually, on average, 40 children and 30 adults attend each week. The majority ofthese children and adults. are members of the community who wouldn't attend Kings Church regularly. Kids and Co has been running for over 15 years with a team of volunteers who run the programme, by setting up a hall with toys, providing craft, a sing a long and refreshments. Junior Youth Fellowship: At the start of 2023 we started a Junior Youth Fellowship O,Y.F) which happened monthly on a Sunday evening before KYF. This was for older primary school children to come and learn more about God, meet their friends and have lots of fun. This was attended by 6 children each month. Holiday Bible Club: In Summer 22 we had a Holiday Bible Club which saw 43 children come for a couple of hours in the morning or evening for fun activities, dramas, games & stories. The majority of these individuals came from Outside of Kings Church. 12 Flnandal Revlew Income for the year totalled £181.6k (2022: £198.Ik) and expenditure totalled £167.7k (2022: £145.Ik) leaving a surplus for the year of £13.9k (2022 surplus £53.Ok). The main movements between the two years are largely as a result of the following: In 2022 there was the one-off sale of premises at Balloo Park which gave rise to a profit of £37,2k in that year Donations for Ministry & missions, public offerings increased in the year by £5.8kto £115.7k Donations to the building fund Increased by E7.5k to £22.7k Income from other trading activities - rental of the building increased from £3.Ok to £6.2k This was a result of the lifting of Covid restrictions which enabled us to make the building available for hire Salary costs increased by £20.3k to £66.2k. This was largely due tr) Sam Deakin, our part-time assistant pastor, moving to a full-time position from August 2022 and Rae O'Dowd, our part-time Youth Worker, worked the full year (2022: one month's employment beginning March 2022). Interest on loan (raised for original purchase of premises at Balloo) was nil in 2023 (2022: £11.9k) as the loan was paid off on sale of the site in March 2022. Building costs totalled £19,4k in the current year (£nil previous year). This was in relation to legacy work for planning applications for our premises at Seacliff Road. Movement in Funds may be summarized as follows: Ministry £k 109.7 (111.0) (1,3) Building £k 31.4 (19.3) 12.1 Mlssion £k 40.4 (37.3) Total £k 181.6 (167.7) 13.9 Incorne Expenditure Surplus Transfer in funds (1,5) Opening balance 1/04122 187.9 280.8 475.2 Closing balance 31/03/23 Note there are small roundlng differences in the above table 188.1 292.9 489,0 The transfer in funds relates to expenditure incurred for mission purposes through the Ministry Fund and which are then reimbursed by the Mission Fund. Reserves Cash reserves at 31 March 2023 totsled £335.5k (2022: £340.Ok). Whilst the church is seeking to upgrade its premises the trustees, reserve policy is to continue to build up building fund cash reserves, maintain at least £4k in mission 13 cash reserves and maintain general cash reserves at a level to Service the day-to- day running costs. This policy will be reviewed once we have suitable premises. Future Strateglc Plans Our vision is to: °Follow Jesus, Make a Difference and to Grow New Disciples in Bangor, our Land and across the World." In pursuit of that vision in the forthcoming year to March 2024. Kings Church plans to strategically develop in the following areas - Leadership & Discipleship We plan to provide opportunity to grow as followers of Jesus and in leadership whatever our role. We will review and relaunch our cornrnunity groups to ensure that they provide a place of family and discipleship. Pastoral Care & Mission We will further develop pastoral care for our members and beyond as we all play our part. We will also consider how we can serve our local community in Bangor and further afield. We will continue our work in the local hotel with asylum seekers seeking to help them with their English and build friendships. Vision & Values We will continue to instill our vision and values (Family. Presence, Truth and Love) in all we do as we seek to reflect what we believe God is calling us to be and to do. Building Project We will develop the design of the refurbished building at 196 Seacliff Road with the vlsion of it being used as both a home for Kings Church and also as a presence Trn the local community. We will also need to raise funds for the project from both our own members, the bank and trust funds. We plan to be￿n work on the ground in the later part of the year. 14 Trustees. responslbllltles In relation to the financlal staten)ents The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view ofthe state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial ststements, the trustees are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the applicable Charities SORP; make judgements and estimates that are rea.sonable and prudent. state whether applicable accounting standard5 have been followed, subject to any material departures that must be disclosed and explained in the finanLial statements; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and rinancial information included on the charltys website in accordance with legÈslation in the United Kingdom governing the preparation and dissemination of flnancial statements. Approved by the trustees and signed on their behalf: pk TLL Peter Johnston Chair of Trustees 16 October 2023 15 KINGS FELLOWSHIP (BANGOR) STATEMENT OF FINANC.IAL ACTIVITIES YEAR ENDED 31 MARCH 2023 Unrestrieted Funds General Designated 2023 Total 2022 Total Ineome and ¢ndowm¢nts Donations and legacies Inwm¢ from other trading activities Profit on sale of building Inv¢stsn¢nt incom¢ 103,522 6.179 70,391 173,913 6.179 157,782 3,012 37,288 1,486 1,486 Total income 109701 181578 198 082 Expendlture Expendittire on charitable activities 111,007 56,7(M) 167,707 145,076 Total ¢xpenditure 111,007 50,700 167.707 145,076 Net movement in funds (1,306) 15.177 13,871 53,006 Transfers 1,500 (1,500) Reeonciliation of fundg: Total fimds brought forward 187,937 287.234 475,171 422.165 Total funds Carried fonvard 188 131 300911 489 042 475 171 The notes on pages 18 to 22 form part of these accounts 16 KINGS FELLOWSHIP {BANGOR) BALANCE SHEET 31 MARCH 2023 2023 2023 2022 2022 Fixed *$sets: Tangible assets 152,426 152.426 Current assets: Debtors Short terni investments Bank and cash 4.519 28l.486 2,285 340,013 342,293 Creditors: Amounts falllng due within one year Net current Assets 336,616 322,745 Total net assets 489 042 475 171 Funds of tbe Charity Unre8tri¢ted ineome fundi: General tksignated l88,131 300,911 187,937 287,234 Tothl Charity fund8 489 042 475 171 Approved by the T￿￿te¢S on 16 October 2023, and si8n¢d on their behalf by: Peter Johnston Cliff Courtney The notes on pages 18 to 22 forni part of these accounts 17 KINGS FELLOWSHIP (BANGOR) NOTES TO THE ACCOUNrs YEAR ENDED 31 MARCH 2023 l. Accounting policies Basis of accounting These financial statements have been prepred in compliance with FRS102. 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial RepK)rting Standard applicablc in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Golng concern The financial statements have been prepared on the going concern basis as the Trustees regard the charity as having suificient resources to continue to operate for the foreseeable future. Fund accounting Unrestricted funds are available for use at the dIsC￿lon of the trustees in furtherance of the general objectives of the charity. Designated funds a￿ U[￿StrIcted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. Fixed assets All fixed assets are recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of the asset, less its estimakd residual value, over the useful economic life of that asset as follows.. Equipment: 25 % straight line Incoming resources All incorning resources are included in the Statement of Financia] Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified und¢r headings that aggregate all cost related to the category. 18 Bank interest paid The charity WTites off directly attributed borrowing costs to the Statement of Financial Activities in the period in which they ar¢ incurred. 2. Donation5 and legacies Unrestricted Funds General Designvdted 2023 2022 Totsl Total Donations for Ministy Public offerings Donations for missions Donations for building account oth￿ gifts re¢¢iv¢d Tax refunds from Inland Revenue 80,811 1.223 80,811 1.223 33,622 22,657 3,752 31,848 77,286 750 31,851 15.113 5,323 27,459 33,622 22,657 3.752 17,736 14,112 103 522 173913 157782 3. Itttome from otber trading activities Unrestrieted Funds General Designated 2023 Totsl 2022 Total Rent from Building 6,179 6,179 3,012 4. Profit on disposal of property Unrestrieted Funds General Designated 2023 TotAI 2022 Total Profit on dispos￿ of Balloo Park buildll 37,288 Jnvejtment in¢om¢ Unrestrfieted Funds Gen¢ral DeSIg￿ted 2023 Totsl 2022 Totsl Bank intcrcst .486 1.486 19 Expenditure on ¢harAtable aetiv6ties Unrestricled Funds General Designated 2023 2022 Total Total Salwies Ministry development Water lates Insuranc¢ Heat & li8ht Rq)air& maini¢nan¢e & equipment Cleaning Telephon¢ PTinting. postag¢ & stationery Computer costs Trav¢llin8 & conferences Youth Ministy Outrea¢h Gifts Buildin8 Costs Hospitality Sundry expenses Loan interest Bank charges & interest 66,188 66,188 45,861 3,753 490 4,754 12,880 14.790 725 3,326 12,874 8,898 950 1,074 997 1,557 2,507 2,1)Q I 1,602 3,728 725 3.326 12,874 8.898 950 L,074 997 1.557 2,507 2,001 1,602 41.053 19,375 3.028 710 1,136 1,454 1.855 507 43,024 37,325 19.375 3.028 710 2,184 11,934 454 842 842 167 707 145 076 Tangible flxed assets Seacliff Road Balloo Park Building Butlding Equipment Total Cost As at l April 20212 Additions Disposals As at 31 March 2023 152,426 20,576 173,002 152 426 173 002 Depreciation As at l April 2022 ch￿ge for year As at 31 March 2023 20,576 20,576 N¢t book value As at 3 l MaTch 2023 152426 152426 As at l April 2022 152,426 152,426 20 Debtors 2023 2022 Gift aid tax recoverable Oth¢r debtors 4,519 2,285 4,519 2,285 Creditors: Amounts falling due within one yeAr 2023 2022 Other credttors 3.397 10. Designated funds The Church operates two desigttated funds.. Building Fund - During the year it was decided that the church should remain in Seacliff Roa Bangor and a project was Lxmllmced for the refiwbislllnenl of th¢ pr¢mises. The buildtng fijnd will be used to develop the accommodation at Seacliff Road. In the y¢ar to March 2022 premis¢s at Balloo Park Bangor w¢r¢ sold and the proceeds were used to repay a loan in full with the remaining balanc¢ tak￿ to the building fi￿d. Mission fimd - This fund is used to support various missionaries throughout the world. Buildlng nd Mi8$Ron nd 2023 2022 Total Total Income 31,439 40,438 71.877 94,096 Expenditlire: Costs re premis¢s Gifts Lodn interest 19.375 19,375 37,325 37.325 35,677 11,934 Total expenth'ture 47,611 Net movement in funds 12.064 3,113 15.177 46,485 Tr8nsf¢r to Unrestricted funds (1,500) (1,5W) (8,528) Total funds brought forward 280,821 6,413 287,234 249,277 Total fim