## _**BELFAST FIRST CHURCH OF THE NAZARENE**_ ## _**140a Skegoneill Avenue BELFAST BT15 3JR**_ _**ACCOUNTS FOR THE PERIOD ENDED 30th SEPTEMBER 2025**_ JAB Accountancy 103 Cregagh Road Belfast BT6 8PY ## **BELFAST FIRST CHURCH OF THE NAZARENE** ## **ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2025** |**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** Mrs Lynne Duncan Mrs Lynda Heron Ms Tracy Mather Mrs Christine Molloy Mrs Lynn Myers Mr Will McCallion Mr William Nicholl **CHARITY NUMBER** 106405 **ACCOUNTANTS** JAB Accountancy 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 2025** |**RECEIPTS**
Tithes / Gifts
Gift Aid
Room Hire
Dedicated Gifts
Interest Receivable
Shop Sales
Others
**EXPENDITURE**
Pastor's Employment Costs
Pastor's Travel Expenses
Salaries
Shop Rent
Outreach
Light & Heat
Water Rates
Equipment Expensed
Equipment Hire
Speaking Fees
Insurance
Repairs and Maintenance
Accountancy
Mission / Outreach
Charitable Donations
Conferences
BIND Contribution
Gifts
Childrens Ministry
Subscriptions
Sundry Expenses
Printing, Posting & Stationery
Cleaning
Bank Fees / Charges
**NET SURPLUS**|**Year Ended**
**30 Septmber 2025**
**£**
18,713
24,300
1,897
-
839
17,342
7,548
70,639
16,870
89
13,522
6,075
1,396
5,521
1,031
110
869
2,400
3,146
10,004
510
2,928
90
-
7,986
1,292
100
453
-
322
2,968
80
77,762
**7,123**
**-**|**Year Ended**
**30 Septmber 2024**
**£**
20,871
24,663
3,872
-
804
20,309
4,552| |---|---|---| |||75,071
7,876
-
16,582
6,000
1,816
8,214
776
16
-
1,826
3,121
10,135
492
3,353
4,175
992
8,150
6,333
772
-
134
244
2,227
105| |||83,339| |||**8,280**
**-**| Page 2 **BELFAST FIRST CHURCH OF THE NAZARENE** ## **BALANCE SHEET AS AT 30TH SEPTEMBER 2025** |**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**|**2025**
**£**
-
73,374
73,374
510|**2025**
**£**
1,267,363
72,864
1,340,227
-
**1,340,227**
1,347,350
7,123
-
**1,340,227**|**2024**
**£**
-
81,919
81,919
1,932|**2024**
**£**
1,267,363
79,987| |---|---|---|---|---| |||||1,347,350| |||||-| |||||**1,347,350**| |||||1,355,630
8,280
-| |||||**1,347,350**| ## **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 2024. ## 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 2025** ## **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 2024**
Disposals
Additions
**As at 30th September 2025**
**DEPRECIATION**
**As at 1st October 2024**
Eliminated on Disposal
Charge for the Year
**As at 30th September 2025**
**NET BOOK VALUE**
**As at 30th September 2025**
**As at 30th September 2024**||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 2025** |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||**2025**
**£**
-
-
510
510
-
-|**2024**
**£**
-| |---|---|---|---|---| |||||-
1,932| |||||1,932
-| |||||-| Page 5