## _**BELFAST FIRST CHURCH OF THE NAZARENE**_ ## _**140a Skegoneill Avenue BELFAST BT15 3JR**_ _**ACCOUNTS FOR THE PERIOD ENDED 30th SEPTEMBER 2023**_ TaxAssist Accountants 103 Cregagh Road Belfast BT6 8PY ## **BELFAST FIRST CHURCH OF THE NAZARENE** ## **ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2023** |**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 2023** |**RECEIPTS**
Tithes / Gifts
Gift Aid
Room Hire
Dedicated Gifts
Interest Receivable
Shop Sales
Others
**EXPENDITURE**
Pastor's Employment Costs
Salaries
Shop Rent
Outreach
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 2022**
**£**
**£**
18,921
23,436
24,171
16,595
4,709
4,645
-
19,464
974
49
23,756
25,343
4,401
1,406
76,932
90,938
11,012
711
11,311
11,311
6,000
5,525
1,474
-
8,607
3,839
441
314
1,144
539
1,750
1,500
2,864
2,622
7,637
2,546
468
468
1,002
5,195
3,714
1,200
6,981
3,085
5,678
8,724
358
234
318
153
154
235
2,362
1,839
40
40
73,315
50,080
**3,617**
**40,858**| |---|---| 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**
**Approved by the Board:**|**2022**
**£**
-
89,671
89,671
1,404|**2022**
**£**
1,267,363
88,267
1,355,630
-
**1,355,630**
1,352,013
3,617
**1,355,630**|**2021**
**£**
-
85,586
85,586
936|**2021**
**£**
1,267,363
84,650| |---|---|---|---|---| |||||1,352,013| |||||-| |||||**1,352,013**| |||||1,311,155
40,858| |||||**1,352,013**| |||||| 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
**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**||25% Straight Line
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**|25% Straight Line
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**| |---|---|---|---|---|---| ||||||1,302,222| ||||||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**
**£**
-
-
1,404
1,404
-
-||**2021**
**£**
-| |---|---|---|---|---|---| ||||||-
936| ||||||936
-| ||||||-| Page 5