**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|
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|**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|-|
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|**Current year income**|**£56,536.39**|**£85,161.66**|
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||**£120,265.45**<br>**£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<br>NIC|£304.65|£1,286.56|
|547 - Employers NI allowance (Family &<br>CommunityWorker)|-£304.65|-£656.26|
|533 - Family & Community Worker Pension<br>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<br>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**<br>**£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