TRUSTEE'S ACCOUNTS cItURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION TH YEAR ENDED 30 SEPTEMBER 2024 ORAL SHIELDS MCtPD 14 DRUMREAGH ROAD BALLYGOWAN CO DOWN NORTHERN IRELAND BT23 6LJ TRUSTEES'S ACCOUNTS CHURCHES OF GOD JIY tRELAND NEWTOWNIWS CONGREGATION ACCOUNTS REPORT TH YEAR ENDED 30 SEPTEMBER 2024 I have prepared the accounts set out in the following pages from the records and infonnation 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 cItRUCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION INCOME AND EXPENDrrtTRE ACCOUNT TH FOR THE YEAR ETr4DED 30 SEPTEMBER 2024 2024 2023 Income Offerings, Gifts & Fundraising 38004 35724 Youth Groups Rent, Heat & Light Mission & Conference 1756 7406 1844 Building Fund 11873 Bank Interest 111 150 Total Income 41715 55153 enditure Salaries & National Insurance 22992 22342 General Office 2384 840 Local Office & Ministy Expenses 1019 800 Repairs, Maintenance & Cleaning 7218 45812 Music Ministy & Sound Equipment 2961 4137 Light & Heat 4335 6623 Water Charges 624 Insurance 1460 1363 Gifts, Missions & Visiting Ministy 131 173 Children & Youth Work 561 558 Motor Expenses 720 1230 Manse Expenses 2410 3841 Church Supplies 997 593 Rates 482 Bank Charges 94 104 Total Expenses 48388 89306 Net Surplus/Deficit for Year (6673) (33883) TRUSTEES ACCOUNTS CHURCHES OF GOD Dt lllELAND NEWTOWNARDS CONGREGATION TH BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 FIXED ASSETS Church Buildings 82808 82808 Furnishing & Equipment 24967 24967 Total Fxxed Assets 107775 107775 CURRENT ASSETS Danske Bank Current Account 30556 38891 Danske Bank Deposit Account 1468 1456 Total Current Assets 32024 40347 Net Current Assets 139799 148122 Less Current Liabilities Sundry Creditors (224) (1874) NET ASSETS 139575 146248 FINANCED BY: CAPITAL FUND tli Balance at 30 September 2023 & 2024 107775 107775 ACCUTrILfLATED SURPLUS tli Balance at 30 September 2024 38473 72356 Less Net Surplus/Deficit for Year (6673) (33883) Balance at 30 ' September 2024 TOTAL FUNDS 139575 146248 TRUSTEES ACCOUNTS CHURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION 30TH SEPTEll/IBER 2024 The Accounts Th'ere approved by the Board of Trustees on: TRUSTEE'S ACCOUNTS CHURCHES OF GOD IN IRELAND NEWTOWNARDS CONGREGATION NOTES TO THE ACCOUNTS 30TH SEPTEMBER 2024 I. FIXED ASSETS Church Buildings Furnishings & Equipmellt Totals COST At 30th September 2024 Additions during Year- At 30th September 2024 82808 24967 107775 82808 24967 107775 DEPRECIATION At 30 September 2024 Charge for Year tli At 30 September 2024 NET BOOK VALUE th At 30 September 2024 th At 30 September 2024 82808 24967 107775 82808 24967 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 st Centre at a cost at 31 August 2001 of £100641. Church of God at Newtownards NIC108338 These are the minutes of a meeting of the trustees of the Church of God th Newtownards held on the 25 June 2025 in the church premises at 1 Oa Zion Place, Nevrtownards BT23 7ER. Those present were. Pastor Kenneth McALees, Mr Jay Marotta, Mr Philip McMulLan, Mr Raymond Miskelly, Apologies. Pastor Thomas Bell Quorum: The chairman confirmed that there were sufficient attendees to form a quorum, and the meeting proceeded with the current business. 2. Declaration of interest: The trustees present confirmed that they had no direct or indirect interest in any way in the proposed business to be considered at the meeting which they were obliged to disclose. 1. Objective ofthe meeting: a. To present and reviewthe financial accounts of the church for year ending September 2024. b. To consider the Charity Commission guidance on pubLic benefit. c. The ongoing repairs to the church buiLding. Minutes Each of the trustees received a copy of the annuaL accounts of the church foryear th ending 30 September 2024. After consideration of the report of the church financiaL accounts the trustees unanimousLy accepted the document which was then signed by each trustee. We reviewed the pLanned refurbishment of the church interiorwhich was complete to a high standard as recorded in the 2023 report. The church roofwas badly damaged in storm"EOIVYN" on the 24TH January 2025. Pastor McALees reported the damage to the church insurance company, Arthur J Gallagher and our claim is stilL ongoing, but we hope to commence work to replace the roof within the next few months. We have secured a contractorto do this work and quotations have been submitted bythem. Our public benefit includes the advancement of religion through the provision of church services, youth group activities and Sunday schooL, ladies and men's feLlowship meetings and support for local and foreign missions. We continue in our efforts to relieve poverty in the community through contributions of food through the local food bank and outreach programs to train and educate people. We have run gospel centred training programs such as"Discipleship explored" and"The Alpha course" These are widely advertised, and everyone is invited and welcome to attend. The trustees agreed that we have met our commitment according to our pubLic benefit and as there was no further business to discuss, the meetingwas closed in prayer and thanksgiving. Signed Chairman 25th June 2025