**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|
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|**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|
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|**Current year income**|**£66,278.79**|**£56,536.39**|
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||**£113,486.79**<br>**£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<br>NIC|£0.00|£304.65|
|547 - Employers NI allowance (Family &<br>CommunityWorker)|£0.00|-£304.65|
|533 - Family & Community Worker Pension<br>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<br>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**<br>**£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