2024-12-31-accounts

ANNUAL

NAME OF CHARITY:

Towerview Church, Bangor

CHARITY NUMBER: NI 103507

ADDRESS:

47 Towerview Crescent, Bangor, BT19 6AZ

TRUSTEES :

Dr. Ivan Filby Mr. Colin McClean Mr. Luke Hamilton Mrs. Hannah Riddles Mr. Andrew McKenzie

PASTOR

Rev. Kathie Filby

TREASURER :

ACCOUNTS

Dr. Ivan Filby (Interim)

ASSETS :

Church building and contents £810,000

1st January – 31st December 2024

LIABILITIES : Nil

TOWERVIEW CHURCH, BANGOR FINANCIAL STATEMENT 1[ST ] JANUARY TO 31[ST ] DECEMBER 2024

INCOME

	Notes	2024	2023
Balance B/F		£31,103.03	£33,066.97
Offerings		£44,135.62	£35,834.76
Gift Aid		£9,210.81	£9,789.25
Prayer Meeting	1		£328.40
Special Missions		£550	£130.00
Foreign Missions		£2600	£2,600.00
Grants and Rebates	2	£28,115.1	£60,003.53
TOTAL		£84,611.53	£108,658.94
GRAND TOTAL		£115,714.56	£141,752.91
EXPENDITURE
Pastoral Expenses	Notes	2024	2023
Pastor’s Salary	3	£19024.48	£20,323.49
Travel allowance	4	£1679.86	£555.92
Pension Fund		£2,322.34	£2,174.04
Telephone		£258.00	£230.00
Food & Accommodation		£500.00	£334.94
FM Group Life Insurance		£572.12	£671.45
Pastoral Assistant		£400.00	£400.00
Payroll Expenses		£148.40
TOTAL		£24,904.34	£24,689.84
Schools & Community
Outreach Worker	Notes	2024	2023
Salary	5	£21,302.14	£20,587.12
Pension Fund		£0.00	£0.00
The Café & Hub			£157.18
Pumpkin Party			£549.02
Community and Schools		£3634.44
TOTAL		£24,936.58	£21,293.32
INLAND REVENUE	6	£7,404.35	£7,745.82
TOTAL STAFF		£57,245.27	£53,728.98

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TOWERVIEW CHURCH, BANGOR FINANCIAL STATEMENT 1[ST ] JANUARY TO 31[ST ] DECEMBER 2024

EXPENDITURE (continued)

Church Expenses	Notes	2024	2023
Church Insurance		£1744.98	£1,776.81
Electricity		£2935.88	£4.453.45
Advertising, Printing & Outreach		£161.63	£283.10
C.C.L.I. (Music Licence)		£560.26	£371.00
Speakers/Visiting Ministries		£0.0	£0.00
Maintenance		£5407.86	£12,909.16
Water Services		£561.47	£306.17
Bank Charges		£93.46	£193.41
Cleaning		£399.92	£0
Gifts & Flowers		£349.74	£846.17
Play Resources		£0	£111.97
Foreign Missions (By members)		£2,050	£2,570.00
I.T.		£341.79	£914.26
Children's Ministries			£349.38
Broadband		£303.87	£120.42
Books		£92.00	£47.39
Stationary		£152.21	£304.09
Postage		£22.00	£66.34
Catering		£787.08	£2,080.85
Decoration		£169.77	£0.00
Equipment		£579.87	£9,739.74
Miscellaneous		£245.60	£11,942.77
TOTAL		£16,958.76	£49,386.77
U.K. Headquarters		£2,354.00	£2,079.00
Missions		£3,640.00	£4,160.00
TOTAL		£5,994.00	£6,239.00
TOTAL EXPENDITURE		£80,199.03	£109,354.97
Balance		£35,515.53	£32,397.94

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TOWERVIEW CHURCH, BANGOR FINANCIAL STATEMENT 1[ST ] JANUARY TO 31[ST ] DECEMBER 2024

Notes:

1. Prayer meeting offerings are not separately counted in 2024.

2. We are grateful to the various foundations, trusts, and individual donors who gave to support our Schools and Community Outreach ministry. We are also thankful for the rebate we received from Action Renewables for the Solar energy sold to the national grid.

3. Pastor contract reduced to ten month as her request.

4. Travel includes travel and accommodation for the Pastor, Assistant Pastor, Lay Delegate, and Pastoral Assistant to attend FM Annual Conference and FM Leadership Conference in England.

5. Pension details for the Schools & Outreach Worker have not yet been received.

6. Inland Revenue costs include payments to HMRC for the Pastor and the Schools & Outreach Worker.

FREEWILL OFFERINGS (January – December 2023)

By envelope number	By envelope number
1		17
2		18
3		19
4		20
5		21
6		22
7		23
8		24
9		25
10		26
12		29
15
16

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