Light n Life Free Methodist
Finance Report 2020
Light n Life Free Methodist
Finance Report 2020 (AGM June 2021)
Income
| Category | Amount |
|---|---|
| Tithes | £ 11,723.62 |
| Offerings | £ 1,330.85 |
| Gift Aid | £ 1,765.31 |
| Building Fund | £ 2,140.00 |
| Child Care | £ 1,500.00 |
| Interest | £ 0.97 |
| Other | £ 990.00 |
| Total | £ 19,459.75 |
Notes: Other income comprised of: NI Executive gift for Laura Surgenor Tuition fees, sale of church mini-bus, and conference hotel booking refund.
Banked Mission Tithe Account (10% of Tithe & Offering): £ 1,171.00
Light n Life Free Methodist
Finance Report 2020
Expense
| Category | Amount |
|---|---|
| Pastor’s Expenses | £ 2,541.84 |
| Church Worker | £ 1,326.08 |
| Buildings & Maintenance | £ 6,394.14 |
| Equipment | £ 376.72 |
| Miscellaneous Church Expenses | £ 1,174.52 |
| FMCUK Contribution | £ 1,500.00 |
| International Child Care Ministries | £ 1,500.00 |
| Gifts to Missionaries | £ 1,000.00 |
| Guest Speakers | £ 500.00 |
| Gifts | £ 1,655.34 |
| Bank Fees | £ 310.16 |
| Children/Youth | £ 65.00 |
| Events | £ 862.69 |
| Other | £ 694.00(internal transfer, not counted) |
| TOTAL EXPENDITURE | £ 19,206.49 |
Notes: Pastor’s expenses cover leadership flights to conference and stipend back-pay. ‘Other’
category covers internal bank transfers & ‘Gifts’ category covers transfer of tuition fees for Laura Surgenor from NI Executive. The mortgage payment (£???) is filed in the Buildings & Maintenance category.
Light n Life Free Methodist
Finance Report 2020
Account Balances as of 31/12/20
| Account | Balance |
|---|---|
| General Account | £ 179.50 |
| Mission Tithe | £ 102.46 |
| Building Fund | £ 9.08 |
| Mortgage Balance | £ 18,093.89 |
Account Balances as of 16/06/21
| Account | Balance |
|---|---|
| General Account | £ -206.67 |
| Mission Tithe | £ 620.22 |
| Building Fund | £ 155.76 |
| Mortgage Balance | £ 16,986.53 |