| TRANSFORMATION CENTER | TRANSFORMATION CENTER | TRANSFORMATION CENTER | TRANSFORMATION CENTER | |||||
|---|---|---|---|---|---|---|---|---|
| MOUNT ZION COMMUNITY CHURCH(Free Methodist) | ||||||||
| FINANCIAL STATEMENT 31st. DECEMBER | 2023 | |||||||
| GENERAL FUND | ||||||||
| INCOME | 2023 | 2022 | ||||||
| Freewill Offering (Note 3) | 77,525.75 | 81,380.34 | ||||||
| Gift Aid Refund | 14,959.50 | 14,945.25 | ||||||
| Gift for Bibles in Dublin | 500.00 | |||||||
| Towards Heat and Light | 1,580.00 | 2,265.00 | ||||||
| IMYC | (Designated) | 150.00 | ||||||
| Missionaries | 200.00 | 200.00 | ||||||
| Designated Offerings & Gifts | 726.00 | |||||||
| Audio Ministry | 5,130.00 | |||||||
| Bank Interest | 751.52 | 107.45 | ||||||
| From sale of Hymn books | 100.00 | |||||||
| Gift | 500.00 | 1,050.00 | ||||||
| From power NI towards cost of power | 600.00 | 309.60 | ||||||
| Support of DTH Treasure | 5,500.00 | |||||||
| £106,846.77 | £101,633.64 | |||||||
| Balance in Church Plantingfund | £13,272.30 | |||||||
| Church Plantingfund income | £10,880.00 | |||||||
| Churchplantingsupport to Newry | £1,200.00 | |||||||
| Churchplantingsupportgiven various areas | £5,301.22 | |||||||
| Balance | £17,651.08 | |||||||
| EXPENDITURE | 2023 | 2022 | ||||||
| Pastoral Support(Note 1) | 69,942.62 | 62,322.15 | ||||||
| Missions(Note 2) | 6,050.00 | 13,061.00 | ||||||
| Printing& Stationery | 163.19 | 150.32 | ||||||
| Church Cleaning/Upkeep | 2,598.13 | 1,685.96 | ||||||
| Items for Church | 312.73 | |||||||
| Light & Heat | 5,792.34 | 0.00 | ||||||
| General Insurance Church, Hall and 137 | 4,511.53 | 4,052.27 | ||||||
| Water & Sewage Rates | 631.38 | 595.37 | ||||||
| Audio Ministry | 21.10 | 1,578.99 |
1
| DTH Treasurer | DTH Treasurer | 9,350.00 | 9,350.00 | |||||
|---|---|---|---|---|---|---|---|---|
| Items for church | 142.75 | |||||||
| Copyright Licence | 755.02 | 704.30 | ||||||
| Conference Levies | 3,924.00 | 3,864.00 | ||||||
| G.B. Conference expenses/Pastors Retreat | 1,290.68 | 1,610.39 | ||||||
| Data Protection | 35.00 | |||||||
| Food for Church meetings *3 | 419.96 | |||||||
| Wifi for Church | 522.87 | 469.59 | ||||||
| Gifts | 200.00 | 100.00 | ||||||
| TrainingCourse | 210.00 | |||||||
| Youth | 157.31 | |||||||
| Youth Camp | 2,963.60 | |||||||
| SundaySchool Support | 1,535.47 | 1,782.76 | ||||||
| Support for HolidayBible Club | 546.06 | 257.65 | ||||||
| Kids Zone | 41.15 | |||||||
| BBQ | 82.50 | |||||||
| Gifts of Bibles | 295.87 | 339.24 | ||||||
| Insurance Manse | 637.09 | 504.97 | ||||||
| Rates Manse | 867.53 | 902.70 | ||||||
| Repairs/Upkeep, Manse | ||||||||
| Misc(pass through) | 120.00 | |||||||
| £110,516.05 | £97,585.49 | |||||||
| 135 & 137 Gregg Street Project | ||||||||
| INCOME | 2023 | 2022 | ||||||
| Gifts for new centre | 1,704.00 | 1,458.00 | ||||||
| Support | 5,500.00 | |||||||
| Rent for 135 | 5,700.00 | 5,700.00 | ||||||
| 12,904.00 | 7,158.00 | |||||||
| Total Income foryear | 119,750.77 | 108,791.64 | ||||||
| EXPENDITURE | ||||||||
| Water & Sewage Rates 137 | 277.08 | 197.82 | ||||||
| Energia 137 | 500.66 | 851.45 | ||||||
| Gas supply137 | 1,407.34 | 641.37 |
2
| Work & materials for 137 | Work & materials for 137 | 1,200.00 | 564.78 | 564.78 | ||||
|---|---|---|---|---|---|---|---|---|
| Secretary | 6,630.00 | 6,630.00 | ||||||
| Photocopier upkeep | 536.94 | 54.00 | ||||||
| Items for office | 284.07 | 317.05 | ||||||
| Work & materials for 135 | 60.00 | 50.00 | ||||||
| Rates 135 | 678.52 | 595.94 | ||||||
| Insurance 135 | 651.00 | 590.00 | ||||||
| Loan Repayment to Bank | 8,069.54 | 7,465.86 | ||||||
| Wifi for office | 571.00 | 385.00 | ||||||
| Mobile phone | 123.27 | |||||||
| £20,989.42 | £18,343.27 | |||||||
| Total Expenditure foryear | 131,505.47 | 115,928.76 | ||||||
| Excess Income Over Expenditure | -11,754.70 | -7,137.12 | ||||||
| Balance at 1st Jan 2023 | 55,917.07 | 63,054.19 | ||||||
| Balance at 31st December | £44,162.37 | £55,917.07 | ||||||
| Bank Statement reads £61,813.45 | ||||||||
| BUILDING FUND | ||||||||
| INCOME | ||||||||
| 2023 | 2022 | |||||||
| Envelopes | 530.00 | 531.00 | ||||||
| Interest | 84.90 | 10.00 | ||||||
| To Be T/f to other account | 840.00 | |||||||
| £1,454.90 | £541.00 | |||||||
| EXPENDITURE | ||||||||
| Bank Charges | ||||||||
3
| 0.00 | 0.00 | |||||||
| Excess Income Over Expenditure | 1,454.90 | 541.00 | ||||||
| Balance 1st January2023 | 7,099.22 | 6,558.22 | ||||||
| Balance 31st December | £8,554.12 | £7,099.22 | ||||||
| Note 1 | ||||||||
| Pastoral Support | ||||||||
| Support for Pastor Nick Serb | 29,364.00 | |||||||
| Pension | 2,069.76 | |||||||
| Milage for PastorNick Serb | 3,150.00 | |||||||
| Support for Pastor Nathan Ivonici | 31,740.00 | |||||||
| Pension | 1,680.00 | |||||||
| Life Insurance for pastors | 1,497.43 | |||||||
| Employers National Insurance | 441.43 | |||||||
| £69,942.62 | ||||||||
| Note 2 | ||||||||
| Missionary Support | ||||||||
| TCFDT | 200.00 | |||||||
| Mr & Mrs T. Pinkerton | 600.00 | |||||||
| Mr N. Urey | 800.00 | |||||||
| Mr & Mrs A. Wilson | 1,800.00 | |||||||
| Mr & Mrs D Lyttle | 1,000.00 | |||||||
| Drewstown House | 450.00 | |||||||
| Valentin & Raluca | 1,200.00 | |||||||
| £6,050.00 | ||||||||
4
| Note 3 | Freewill offering | |||||||
| Cash | 16,724.25 | |||||||
| Envelopes | 28,456.50 | |||||||
| Direct to bank | 32,345.00 | |||||||
| £77,525.75 |
5