TREASURER REPORT
Megain Memorial Church of the Nazarene - Income & Ependiture Report Oct 2023 - Sep 2024
| Opening Bank Balance | 2023-24 | 2022-23 |
|---|---|---|
| Current A/C Ulster Bank | £63,719.06 | £47,741.88 |
| Petty Cash - Megain Kids (Connections, SS) | £10.00 | £10.00 |
| £63,729.06 | £47,751.88 | |
| Income | 2023-24 | 2022-23 |
| 101 - Morning Offering | £15,560.69 | £18,538.91 |
| 103 - Gift Aid | £26,006.00 | £25,960.00 |
| 104 - Building Offering | £706.00 | £358.00 |
| Sub-total Offerings | £42,272.69 | £44,856.91 |
| 109 - Special Gifts & Donations | £415.00 | £28,271.13 |
| 110 - MK Offerings (4-11 yrs SS) | £215.00 | £183.38 |
| 112 - Income Tax Gift Aid Refund | £8,710.36 | £7,626.99 |
| 113 - NYI (Prev. AC) Offering | £47.76 | - |
| 114 - Misc Income | £342.65 | £1,030.00 |
| 125 - NMI Missions Offering | £3,028.88 | £2,724.54 |
| 126 - NMI Alabaster | £533.01 | £451.36 |
| 111 - Connections | £247.10 | £17.35 |
| 130 - Megain 257 (Seniors) | £465.00 | - |
| 131 - Megain Tots | £103.94 | - |
| 136 - Olive Branch Income | £120.00 | - |
| 137 - Megain Men | £35.00 | - |
| Current year income | £56,536.39 | £85,161.66 |
| £120,265.45 £132,913.54 |
| Ependiture | 2023-24 | 2022-23 |
|---|---|---|
| 538 - Lead Pastor Salary | £30,049.92 | £22,879.68 |
| 501 - Lead Pastor Employers NIC & BIND Fee | £2,879.73 | £1,860.18 |
| 546 - Employers NI allowance (Lead Pastor) | -£2,879.73 | -£891.72 |
| 539 - Lead Pastor Pension Contribution | £1,582.26 | £1,143.96 |
| 542 - Family & Community Worker Salary | £4,368.12 | £17,472.48 |
| 534 - Family & Community Worker Employer NIC |
£304.65 | £1,286.56 |
| 547 - Employers NI allowance (Family & CommunityWorker) |
-£304.65 | -£656.26 |
| 533 - Family & Community Worker Pension Contribution |
£218.40 | £873.60 |
| 545 - Payroll costs | £593.15 | -£1,288.84 |
| Sub-total Salary Costs | £36,811.85 | £42,679.64 |
| 502 - Pastor's Mileage Reimbursement | £1,228.75 | £543.56 |
| 504 - Church Cleaning | £29.80 | £31.65 |
| 505 - Church Electricity | £3,178.04 | £1,650.56 |
| 506 - Church & Trustee Insurance | £3,184.78 | £2,849.41 |
| 508 - Church Gas Heating | £3,654.84 | £2,423.72 |
| 509 - Church Ground Rent | - | £29.00 |
| 510 - Visiting Speakers & Expenses | £654.85 | £264.50 |
| 511 - Church Repairs & Maintenance | £624.03 | £550.25 |
| 512 - District Assembly Expenses | £767.91 | £1,325.21 |
| 513 - Manse Property Expenses | £3,272.06 | £753.43 |
| 514 - District Budgets | £6,258.00 | £6,000.00 |
| 515 - Church General & Water Rates | £503.57 | £733.64 |
| 516 - Fraternals, Study Days, Conferences | £70.00 | £226.24 |
| 517 - Publicity | £264.60 | £307.60 |
| 518 - Overseas & Home Mission Donations | £250.00 | - |
| 519 - Gifts & Charitable Donations | £800.55 | £551.00 |
| 520 - Bank Fees & Charges | £276.64 | £286.84 |
| 521 - Children & Youth Resources | £2,327.19 | £371.19 |
| 522 - Church Catering & Food | £3,283.31 | £2,678.66 |
| 523 - Church Equipment (Toys, Crafts, IT, PA) | £551.76 | £733.95 |
| 524 - Post, Stationery, Mobile, Internet | £804.35 | £502.65 |
| 525 - Study, Devotional, Tracts | £10.00 | - |
| 528 - Travelling Expenses (Car parking, Bus tickets,etc) |
£71.58 | £37.22 |
| 530 - NMI Special Offerings | £3,588.01 | £3,163.36 |
| 532 - Copyright Licences, Legal Charges, Etc | £199.20 | £435.00 |
| 540 - Pastor Visitation Expenses ie Coffee etc | £97.48 | £20.00 |
| 541 - External Costs for use of Church Facilities | £185.47 | £36.20 |
| 543 - Staff Accommodation Expenses | £108.83 | - |
| Current year expenditure | £73,057.45 | £69,184.48 |
| Current A/C Ulster Bank | £47,198.00 | £63,719.06 |
| Petty Cash - Megain Kids (Connections, SS) | £10.00 | £10.00 |
| £47,208.00 | £63,729.06 | |
| £120,265.45 £132,913.54 |
| Bank balance by fund | 2023-24 | 2022-23 |
|---|---|---|
| General - unrestricted | £21,264.97 | £34,844.61 |
| CB(ChattyBench)- designated | £500.00 | £500.00 |
| MT(Megain Tots)- designated | £151.61 | £115.59 |
| MW(Megain Women)- designated | -£0.74 | £105.88 |
| SE(Special Events)- designated | -£1,808.95 | -£494.12 |
| SL(Megain 257)- designated | £379.34 | £472.54 |
| AC(Megain Youth)- restricted | £655.80 | £881.04 |
| BF(BuildingFund)- restricted | £26,693.45 | £26,272.57 |
| EF(Education Fund)- restricted | -£188.29 | -£57.31 |
| MM(Megain Men)- restricted | -£27.22 | -£9.38 |
| NMI(Missions)- restricted | £407.20 | £733.32 |
| OB (Olive Branch) - restricted | -£388.39 | £532.52 |
| SS(SundaySchool)- restricted | -£430.78 | -£168.20 |
| Totals | £47,208.00 | £63,729.06 |
Notes
The Independent Examiner's report and a signed copy of these accounts will be available upon request.
2023/24 Lead Pastor salary includes arrears of £2,390 regarding back-dated pay award. Actual salary in 2023/24 = £27,660
Repectfully submitted
Clayre McMaster
Clayre McMaster (Treasurer) 5th February 2025