## **TRUSTEE’S ACCOUNTS** 

**CHURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION YEAR ENDED 30[TH] SEPTEMBER 2023** 

## **ORAL SHIELDS MCIPD** 

**14 DRUMREAGH ROAD BALLYGOWAN** 

**CO DOWN** 

**NORTHERN IRELAND BT23 6LJ** 



## **TRUSTEES’S ACCOUNTS** 

## **CHURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION** 

**ACCOUNTS REPORT YEAR ENDED 30[TH] SEPTEMBER 2023** 

I have prepared the accounts set out in the following pages from the records and information supplied to me. 

To the best of my knowledge and belief these accounts are in agreement therewith. 

I have not carried out an audit of the accounts. 

Oral Shields MCIPD 

14 Drumreagh Road 

Ballygowan 

Co Down 

Northern Ireland 

BT23 6LJ 



## **TRUSTEES ACCOUNTS** 

## **CHRUCHES OF GOD IN IRELAND** 

## **NEWTOWNARDS CONGREGATION** 

## **INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023** 

|**Income**<br>Offerings, Gifts & Fundraising<br>Youth Groups Rent, Heat & Light<br>Furlough<br>Building Fund<br>Bank Interest<br>**Total Income**<br>**Expenditure**<br>Salaries & National Insurance<br>General Office<br>Local Office & Ministry Expenses<br>Repairs, Maintenance & Cleaning<br> <br>Music Ministry & Sound Equipment<br>Light & Heat<br>Water Charges<br>Insurance<br>Gifts, Missions & Visiting Ministry<br>Children & Youth Work<br>Motor Expenses<br>Manse Expenses<br>Church Supplies<br> <br>Bank Charges<br>**Total Expenses**<br>**Net Surplus/Deficit for Year**<br>|**2023**<br>35724<br>7406<br>-<br>11873<br> 150<br>**55153**<br>22432<br>840<br>800<br>45812<br>4137<br>6623<br>530<br>1363<br>173<br>558<br>1230<br>3841<br>593<br> 104<br>**89036**<br>**(33883)**<br>|**2022**<br>38756<br>6565<br>1100<br>-<br> 180<br>**46601**<br>21285<br>840<br>873<br>3648<br>2080<br>4704<br>530<br>1292<br>853<br>93<br>1930<br>2126<br>-<br>109<br>**40363**<br>**6238**|
|---|---|---|





## **TRUSTEES ACCOUNTS** 

## **CHURCHES OF GOD IN IRELAND** 

## **NEWTOWNARDS CONGREGATION** 

## **BALANCE SHEET AS AT 30[TH] SEPTEMBER 2023** 

||**2023**|**2022**|
|---|---|---|
|**FIXED ASSETS**|||
|Church Buildings|82808|82808|
|Furnishing & Equipment|24967|24967|
|**Total Fixed Assets**|**107775**|**107775**|
|**CURRENT ASSETS**|||
|Danske Bank Current Account|38891|72221|
|Danske Bank Deposit Account|1456|1430|
|Total Current Assets|40347|73651|
|Net Current Assets<br>|148122<br>|181426|
|Less Current Liabilities|||
|Sundry Creditors|(1874)|(1295)|
|**NET ASSETS**<br>|**146248**|**180131**|
|**FINANCED BY:**|||
|**CAPITAL FUND**|||
|Balance at 30thSeptember 2022 & 2023|107775|107775|
|**ACCUMULATED SURPLUS**|||
|Balance at 30thSeptember 2023|72356|66118|
|Less Net Surplus/Deficit for Year<br>|(33883)|6238|
|Balance at 30thSeptember 2023||72356|
|**TOTAL FUNDS**|**146248**|**180131**|





## **TRUSTEES ACCOUNTS** 

## **CHURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION** 

**30[TH] SEPTEMBER 2023** 

**The Accounts were approved by the Board of Trustees on:  11[th] June 2024** 

## **TRUSTEE’S ACCOUNTS** 

**CHURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION** 



## **NOTES TO THE ACCOUNTS 30[TH] SEPTEMBER 2023** 

## **1. FIXED ASSETS** 

|**COST**<br>At 30th September 2023<br>Additions during Year-<br>At 30thSeptember 2023<br>**DEPRECIATION**<br>At 30thSeptember 2023<br>Charge for Year<br>At 30thSeptember 2023<br>**NET BOOK VALUE**<br>At 30thSeptember 2023<br>At 30thSeptember 2023|**Church Buildings**<br>82808<br>-<br>82808<br>-<br>-<br>-<br>82808<br>82808|**Furnishings & Equipment**<br>24967<br>-<br>24967<br>-<br>-<br>-<br>24967<br>24967|**Totals**<br>107775<br>107775<br>-<br>-<br>-<br>107775<br>107775|
|---|---|---|---|



## **2. DEPRECIATION** 

Church Buildings, Furniture and Equipment are not depreciated. 

## **3. VALUATION OF CHURCH BUILDINGS** 

The value of Church Buildings for insurance purposes includes an extension to the rear of the original Church Building which is included in the books of the Play-A-Way Children Centre at a cost at 31[st] August 2001 of £100641.