## _**BELFAST FIRST CHURCH OF THE NAZARENE**_ ## _**140a Skegoneill Avenue BELFAST BT15 3JR**_ ## _**ACCOUNTS FOR THE PERIOD ENDED 30th SEPTEMBER 2022**_ TaxAssist Accountants 103 Cregagh Road Belfast BT6 8PY ## **BELFAST FIRST CHURCH OF THE NAZARENE** ## **ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2022** |**CONTENTS**
**TRUST INFORMATION**
**INCOME & EXPENDITURE STATEMENT**
**BALANCE SHEET**
**NOTES TO THE ACCOUNTS**|**PAGE**| |---|---| ||**1**
**2**
**3**
**4 - 5**| ## **BELFAST FIRST CHURCH OF THE NAZARENE** ## **TRUST INFORMATION** **TRUSTEES** Mr Stephen Anderson Mrs Lynda Heron Ms Tracy Mather Mrs Christine Molloy Mrs Lynn Myers **CHARITY NUMBER** 106405 **ACCOUNTANTS** TaxAssist Accountants 103 Cregagh Road Belfast BT6 8PY **BANKERS** Ulster Bank 202 - 206 York Street Belfast BT15 1HY Page 1 **BELFAST FIRST CHURCH OF THE NAZARENE** ## **INCOME & EXPENDITURE STATEMENT FOR THE PERIOD ENDED 30th SEPTEMBER 2022** |**RECEIPTS**
Tithes / Gifts
Gift Aid
Room Hire
Dedicated Gifts
Interest Receivable
Shop Sales
Others
**EXPENDITURE**
Pastor's Employment Costs
Salaries
Shop Rent
Interest - BNID
Light & Heat
Water Rates
Equipment Expensed
Speaking Fees
Insurance
Repairs and Maintenance
Accountancy
Mission / Outreach
Charitable Donations
Conferences
Gifts
Childrens Ministry
Sundry Expenses
Printing, Posting & Stationery
Cleaning
Bank Fees / Charges
**NET SURPLUS**|**Year Ended**
**Year Ended**
**30 Septmber 2022**
**30 Septmber 2021**
**£**
**£**
23,436
41,131
16,595
16,016
4,645
2,418
19,464
-
49
23
25,343
17,757
1,406
1,974
90,938
79,319
711
8,688
11,311
10,369
5,525
4,250
-
180
3,839
3,393
314
278
539
645
1,500
600
2,622
2,521
2,546
3,058
468
468
5,195
2,217
1,200
7,000
3,085
2,626
8,724
12,730
234
288
153
138
235
-
1,839
1,415
40
-
50,080
60,864
**40,858**
**18,455**| |---|---| Page 2 **BELFAST FIRST CHURCH OF THE NAZARENE** ## **BALANCE SHEET AS AT 30TH SEPTEMBER 2022** |**Notes**
**FIXED ASSETS**
Tangible Assets
2
**CURRENT ASSETS**
Debtors
3
Bank and Cash Balance
**CURRENT LIABILITIES**
Accruals
4
**CURRENT ASSETS LESS CURRENT LIABILITIES**
**TOTAL ASSETS**
Creditors due after more than one Year
5
**NET TOTAL ASSETS**
**FINANCED BY**
Other Reserves
Income and Expenditure Account
**MEMBERS' FUNDS**|**2022**
**£**
-
85,586
85,586
936|**2022**
**£**
1,267,363
84,650
1,352,013
-
**1,352,013**
1,311,155
40,858
**1,352,013**|**2021**
**£**
-
63,724
63,724
468|**2021**
**£**
1,267,363
63,256| |---|---|---|---|---| |||||1,330,619| |||||19,464| |||||**1,311,155**| |||||1,292,700
18,455| |||||**1,311,155**| ## **Approved by the Board:** ## We confirm that: - i) we approve the accounts set out on pages 3 and 4 and confirm that we are responsible for them, including the selection of the accounting policies and the judgements underlyhing them. - ii) we have made available to TaxAssist Accountants, all the accounting records of the Church and have provided them with all the information necessary for the completion of the accounts. - iii) to the best of our knowledge and belief, the accounting records reflect all the transactions entered into by the Churchin the year ended 30th September 2021. ## Chrstine Molloy - Trustee Tracy Mather - TREASURER ## DATE ## **On behalf of Belfast First Church of the Nazarene** Page 3 ## **BELFAST FIRST CHURCH OF THE NAZARENE** ## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2022** ## **ACCOUNTING POLICIES** ## 1.1 **ACCOUNTING CONVENTION** The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets ## 1.2 **TANGIBLE FIXED ASSETS AND DEPRECIATION** Depreciation is calculated to write off the net cost of fixed assets over their estimated useful lives at the following rates: Fixtures and Fittings 25% Straight Line ## **TANGIBLE ASSETS** |**COST**
**As at 1st October 2021**
Disposals
Additions
**As at 30th September 2022**
**DEPRECIATION**
**As at 1st October 2021**
Eliminated on Disposal
Charge for the Year
**As at 30th September 2022**
**NET BOOK VALUE**
**As at 30th September 2022**
**As at 30th September 2021**||Land &
Buildings
Freehold
1,267,363
-
-
1,267,363
-
-
-
-
**1,267,363**
**1,267,363**||Equipment
Total
34,859
1,302,222
-
-
-
-
34,859
1,302,222
34,859
34,859
-
-
-
-
34,859
34,859
**-**
**1,267,363**
**-**
**1,267,363**| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| Page 4 ## **BELFAST FIRST CHURCH OF THE NAZARENE** ## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2022** |3
4
5|**DEBTORS**
Gift Aid Receivable
Gift Aid is now reported on an actual received basis
**CREDITORS**
Accruals
**CREDITORS DUE AFTER MORE THAN ONE YEAR**
BIND - Nazarene Church||**2022**
**£**
-
-
936
936
-
-|**2021**
**£**
-| |---|---|---|---|---| |||||-
468| |||||468
19,464| |||||19,464| Page 5