TREASURER'S REPORT
Megain Memorial Church of the Nazarene - Income & Ependiture Report Oct 2024 - Sep 2025
| Opening Bank Balance | 2024-25 | 2023-24 |
|---|---|---|
| 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 | |
| Income | 2023-24 | 2022-23 |
| 101 - Morning Offering | £15,035.82 | £15,560.69 |
| 103 - Gift Aid | £25,921.00 | £26,006.00 |
| 104 - Building Offering | £1,010.00 | £706.00 |
| Sub-total Offerings | £41,966.82 | £42,272.69 |
| 109 - Special Gifts & Donations | £9,557.12 | £415.00 |
| 110 - MK Offerings (4-11 yrs SS) | £473.50 | £215.00 |
| 111 - Connections | £168.90 | £247.10 |
| 112 - Income Tax Gift Aid Refund | £8,163.50 | £8,710.36 |
| 113 - NYI (Prev. AC) Offering | £147.40 | £47.76 |
| 114 - Misc Income | £0.00 | £342.65 |
| 121 - District Assembly Income | £930.00 | £0.00 |
| 125 - NMI Missions Offering | £2,860.01 | £3,028.88 |
| 126 - NMI Alabaster | £1,118.89 | £533.01 |
| 130 - Megain 257 (Seniors) | £649.60 | £465.00 |
| 131 - Megain Tots | £135.05 | £103.94 |
| 136 - Olive Branch Income | £60.00 | £120.00 |
| 137 - Megain Men | £48.00 | £35.00 |
| Current year income | £66,278.79 | £56,536.39 |
| £113,486.79 £120,265.45 |
| Ependiture | 2024-25 | 2023-24 |
|---|---|---|
| 538 - Lead Pastor Salary | £27,659.88 | £30,049.92 |
| 501 - Lead Pastor Employers NIC & BIND Fee | £2,910.36 | £2,879.73 |
| 546 - Employers NI allowance (Lead Pastor) | -£2,910.36 | -£2,879.73 |
| 539 - Lead Pastor Pension Contribution | £1,178.50 | £1,582.26 |
| 542 - Family & Community Worker Salary | £0.00 | £4,368.12 |
| 534 - Family & Community Worker Employer NIC |
£0.00 | £304.65 |
| 547 - Employers NI allowance (Family & CommunityWorker) |
£0.00 | -£304.65 |
| 533 - Family & Community Worker Pension Contribution |
£0.00 | £218.40 |
| 545 - Payroll costs | £580.50 | £593.15 |
| Sub-total Salary Costs | £29,418.88 | £36,811.85 |
| 502 - Pastor's Mileage Reimbursement | £1,126.20 | £1,228.75 |
| 504 - Church Cleaning | £19.27 | £29.80 |
| 505 - Church Electricity | £1,337.80 | £3,178.04 |
| 506 - Church & Trustee Insurance | £3,369.78 | £3,184.78 |
| 508 - Church Gas Heating | £3,539.95 | £3,654.84 |
| 509 - Church Ground Rent | £107.50 | - |
| 510 - Visiting Speakers & Expenses | £105.00 | £654.85 |
| 511 - Church Repairs & Maintenance | £12,968.94 | £624.03 |
| 512 - District Assembly Expenses | £450.95 | £767.91 |
| 513 - Manse Property Expenses | £1,044.69 | £3,272.06 |
| 514 - District Budgets | £6,036.00 | £6,258.00 |
| 515 - Church General & Water Rates | £426.76 | £503.57 |
| 516 - Fraternals, Study Days, Conferences | £54.98 | £70.00 |
| 517 - Publicity | £202.20 | £264.60 |
| 518 - Overseas & Home Mission Donations | £0.00 | £250.00 |
| 519 - Gifts & Charitable Donations | £1,206.69 | £800.55 |
| 520 - Bank Fees & Charges | £280.07 | £276.64 |
| 521 - Children & Youth Resources | £1,601.58 | £2,327.19 |
| 522 - Church Catering & Food | £3,595.59 | £3,283.31 |
| 523 - Church Equipment (Toys, Crafts, IT, PA) | £876.54 | £551.76 |
| 524 - Post, Stationery, Mobile, Internet | £384.50 | £804.35 |
| 525 - Study, Devotional, Tracts | £474.07 | £10.00 |
| 528 - Travelling Expenses (Car parking, Bus tickets,etc) |
£225.75 | £71.58 |
| 530 - NMI Special Offerings | £4,148.86 | £3,588.01 |
| 532 - Copyright Licences, Legal Charges, Etc | £602.27 | £199.20 |
| 540 - Pastor Visitation Expenses ie Coffee etc | £46.25 | £97.48 |
| 541 - External Costs for use of Church Facilities | £107.30 | £185.47 |
| 543 - Staff Accommodation Expenses | £0.00 | £108.83 |
| Current year expenditure | £73,758.37 | £73,057.45 |
| Current A/C Ulster Bank | £39,718.42 | £47,198.00 |
| Petty Cash - Megain Kids (Connections, SS) | £10.00 | £10.00 |
| £39,728.42 | £47,208.00 | |
| £113,486.79 £120,265.45 |
| Bank balance by fund | 2024-25 | 2023-24 |
|---|---|---|
| General - unrestricted | £20,665.52 | £21,264.97 |
| CB(ChattyBench)- designated | £0.00 | £500.00 |
| MT(Megain Tots)- designated | £184.52 | £151.61 |
| MW(Megain Women)- designated | £0.00 | -£0.74 |
| SE(Special Events)- designated | £580.86 | -£1,808.95 |
| SL(Megain 257)- designated | £529.16 | £379.34 |
| AC(Megain Youth)- restricted | £839.68 | £655.80 |
| BF(BuildingFund)- restricted | £14,628.14 | £26,693.45 |
| EF(Education Fund)- restricted | £0.00 | -£188.29 |
| MM(Megain Men)- restricted | £0.00 | -£27.22 |
| NMI(Missions)- restricted | £179.73 | £407.20 |
| OB (Olive Branch) - restricted | £0.00 | -£388.39 |
| SS(SundaySchool)- restricted | £500.00 | -£430.78 |
| COMF(Canton Ohio Manitenance Fund) | £1,620.81 | £0.00 |
| Totals | £39,728.42 | £47,208.00 |
Notes
The Independent Examiner's report and a signed copy of these accounts will be available upon request.
Repectfully submitted
Dave Loyal
Dave Loyal (Treasurer)
18th February 2026