JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE, DESERTMARTIN STATEMENT OF FINANCIAL AcfiviTY (Receipts and Payments Account) th for the year ended 30 September 2024 NIC 106453 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 51441 59931 242 64337 323 242 70 264 70 698 17 626 434 Total Receipts 51875 9066 60941 65303 Payments Raising funds Charitable activities Other 24633 4075 24265 28708 24265 46079 5287 Total Payments 24633 28340 52973 51366 Net receipts / (payments} Transfers between funds 27242 {206801 119274) 20680 7968 13937 Net movement in funds Funds brought forward 6562 10875 1406 11281 7968 22156 13937 8219 Funds carried fonvard io 17437 12687 30124 22156
JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE. DESERTMARTIN STATEMENT OF ASSETS AND LIABILITIES As at 30 September 2024 NIC 106453 Unrestricted Funds Restrirted Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 10875 6562 11281 1406 22156 7968 8219 13937 Bank and Cash at end of year 17437 12687 30124 22156 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 30124 22156 30124 22156 Other Assets Fixed Assets- Note 9 Church Buildings Church Manse 800(X)O 155000 800(MJO 155000 955000 955(X)O Liabilities Loans Other
JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE, DESERTMARTIN NOTES TO THE ACCOUNTS 30th September 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provision5 in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUrING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise la) income from endowments which is to be expended only on the restricted purposes intended by the donor and {b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Recorded giving- Offerings Donations and gifts Gift Aid Legacies and bequest 41792 215 9434 6973 1517 48765 1732 9434 43374 9167 11796 51441 8490 59931 64337
JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE, DESERTMARTIN NOTES TO THE ACCOUNTS th 30 September 2024 CHARITABLE AcfiviTIES Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Income from charitable activities Fundraising events Grants 242 242 323 242 242 323 OTHER TRADING ACTIVITIES Unrestrtcted Funds Restricted Funds Total 2024 Total 2023 Letting of premises Trading income INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Bank Interest 70 70 17 70 70 17
JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE, DESERTMARTIN NOTES TO THE ACCOUNTS (convd) th 30 September 2024 OTHER INCOME Unrestrirted Funds Restricted Funds Total 2024 Total 2023 Food Subscriptions Heat & Light Subscriptions Other Income 264 264 570 434 434 56 434 264 698 626 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2024 Total 2023 FWO envelopes Fundraising events CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Assembly Expenses & Budgets Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance Costs 5353 350 18540 2129 7482 350 19787 699 390 6240 23406 14608 1465 360 1247 699 390 24633 4075 28708 46079
JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE. DESERTMARTIN NOTES TO THE ACCOUNTS (cont'd) 30th September 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2024 Total 2023 Manse Maintenance Church Building Maintenance 23070 1195 23070 1981 3306 1195 24265 24265 5287 FIXED ASSETS The congregation owns the Church premises situated at 3 Knocknagin Road, Desertmartin, BT45 5LG and a Manse situated at 16 Cherryvale Avenue, Desertmartin, BT45 5NT.
JESSIE EADES MEMORIAL CHURCH OF THE NAZARENE, DESERTMARTIN NOTES TO THE ACCOUNTS (cont'd) th 30 September 2024 10. FUND BALANCES Fund Balance at start Receipts Payment Surplus / {Deficit) Transfer Balance at end Unrestrirted Funds Genera5 Fund 10875 51875 24633 27242 1206801 17437 10875 51875 24633 27242 {206801 17437 Restricted Funds Sunday School Youth Special Treasures Men's Fellowship Ladies Fellowship Bowls Club Little Miracles Coffee Mornings Building, Repair & Maintenance Meet & Eat Account Missionary Compassionate Ministries 32 357 24 164 132 119 243 47 318 72 175) 104 282 24 227 50 553 68 265 150 288 (82} {2251 348 9835 389 12 24479 1121 1185601 336 11275 389 5919 20000 2164 3069 (905) 905 11281 9066 28340 119274) 20680 12687 Total 22156 60941 52973 7968 30124