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Gortmerron Baptist Church
FINANCE SUMMARY FOR YEAR ENDED: 31 December 2024
INCOME Unrestricted Funds Unrestricted Funds
2024 2023
Actuals Actuals
Annual Donations £ 82,971 £ 82,473
Building Fund £ 52,495 £ 37,071
Gift Aid £ 12,276 £ 10,140
Magazine Subscriptions £ 700 £ 625
Sunday School £ 430 £ 330
NIE Pole Rent £ 20 £ 18
Ukraine Appeal £ - £ 620
Foodbank donation £ 20 £ 60
Youth Club £ 1,486 £ 1,800
Baptist Missions Collection £ 100 £ 10
Pew Donations £ - £ 150
Poland Gift £ 500 £ 100
Manse Renovations £ 390 £ -
Church Meal £ - £ -
Mum & Tots £ 10 £ 10
Interest Receivable £ 32 £ 127
Granville Outreach £ 50 £ -
Annual Income £ 151,480 £ 133,534
Total Income £ 151,480 £ 133,534
EXPENSES
Departments
Church Speakers & Singers £ 2,550 £ 8,050
Youth Club Expenses £ 2,116 £ 2,105
Sunday School & Bible Class Expenses £ 890 £ 842
Creche £ 56 £ 50
Ladies meeting expenses £ 241 £ -
Subtotal £ 5,853 £ 11,047
Employment
Salary/Stipend £ 25,600 £ -
Life Premium Insurance £ 389 £ -
Pension ( Old NBC 1988 Scheme) £ 1,053 £ 1,012
Auto Enrolement Pension £ 1,296 £ -
Travel £ 1,857 £ -
Income Protection £ - £ -
U.S Travel donation £ 600 £ -
Subtotal £ 30,794 £ 1,012
Donations
ABC - Baptist Missions £ 3,000 £ 3,000
ABC - Baptist Youth £ 1,000 £ 1,000
ABC - I.B. College £ 4,000 £ 4,000
ABC - Baptist Women £ 500 £ 500
ABC - CPSS £ 500 £ 500
Melvin & Sharon (Somos Nos) £ 1,000 £ 1,000
Cavan Baptist - Renovation Project £ - £ 2,500
Somos Nos - Sunday School £ - £ 330
Kenya Sunbeam - Sunday School £ 430 £ -
Summer/Easter Team Gifts £ 700 £ 1,000
K&A Poland Visit - Sept 24 £ 280 £ 1,264
Craigavon Baptist - Renovation Project £ 1,000 £ -
Armagh Foodbank £ - £ 100
EMF - Krzysztof & Aneta £ 2,200 £ 2,460
Ukraine Refugees Appeal £ - £ 640
Colin & Debbie (Baptist Missions) £ 1,100 £ -
Christian Love Donations £ - £ -
Christmas Gifts Bags £ 163 £ 199
South African Mission trip gift £ 300 £ -
Subtotal £ 16,173 £ 18,493
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EXPENSES CONT'D 2024 2023
Outreach Events Actuals Actuals
Soccer Coaching Week £ 494 £ 795
Mums & Tots Expenses £ 173 £ -
Granville Outreach £ - £ -
5 Day Clubs £ 35 £ -
Calendars £ 360 £ 220
Amazing Journey £ 1,036 £ 750
Subtotal £ 2,097 £ 1,765
Overheads
Insurance £ 2,512 £ 2,349
Heating £ 2,375 £ 2,201
Manse Rates £ 866 £ 826
Manse Wifi £ 320 £ -
Manse Rent £ 1,015 £ -
Bank Charges £ 257 £ 239
Power NI £ 2,473 £ 1,859
Repairs & Maintenance £ 1,199 £ 4,148
Membership Fee £ 874 £ 803
Website £ 144 £ 144
Insight Magazine £ 725 £ 696
Copyright License £ 536 £ 508
Access NI £ 154 £ 161
Phone/Internet £ 715 £ 718
Church Meal/Lunch £ 660 £ -
Kitchen Consumables £ 158 £ 114
Payslip & Pension Service £ 319 £ 125
Printing & Stationary £ 459 £ 59
Cleaning £ 372 £ 100
Church Equipment £ 670 £ 332
Training £ 180 £ 200
Manse Renovations £ 32,083 £ 6,620
Books & Literature £ 926 £ 251
Sundries £ 359 £ 148
Subtotal £ 50,352 £ 22,603
New Build/Finance
Carpark Works £ 1,566 £ -
Danske Loan Interest £ 4,341 £ 14,868
Danske Loan Repayments - Capital £ 14,397 £ 11,339
NBC Loan Repayment - Interest £ 3,873 £ 338
NBC Loan Repayment - Capital £ 7,319 £ 595
Additional Loan payments £ - £ 58,596
Subtotal £ 31,497 £ 85,735
Annual Expenses £ 136,766 £ 140,654
Income over Expenditure £ 14,713 -£ 7,121
2024 2023
Actuals Actuals
BANK BALANCES At 31 Dec 2024
Current Accounts Balance £ 53,782 £ 38,764
LOAN ACCOUNTS
Danske Bank Loan Balance -£ 47,046 -£ 61,443
NBC Loan Balance -£ 82,085 -£ 89,405
Total Loans -£ 129,131 -£ 150,848
OTHER CREDITORS
Interest Free Loans £ 6,000 £ 6,000
Notes
Psalm 150:6. "Let everything that has breath praise the Lord. Praise the Lord"
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