REGISTERED CHARITY NUMBER: SC015863
Report of the Trustees and
Financial Statements for the Year Ended 30 September 2024
for
Erskine Church Of The Nazarene
Brett Nicholls Associates Herbert House
24 Herbert Street Glasgow G20 6NB
Erskine Church Of The Nazarene
Contents of the Financial Statements for the Year Ended 30 September 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 15 |
Erskine Church Of The Nazarene
Reference and Administrative Details for the Year Ended 30 September 2024
TRUSTEES
PRINCIPAL ADDRESS
REGISTERED CHARITY NUMBER
Rashielee Avenue Erskine PA8 6HA
SC015863
INDEPENDENT EXAMINER
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
BANKERS
Bank of Scotland Bridgewater Shopping Centre Erskine PA8 7AA
Page 1
Erskln• Church OlTh• Ma2ar•n• Report of the Trustees for the Year Ended 30 Sept•mb•r 2024 The trustees present Iheir report wth the finala1 statelS of the tharity tor year ended 30 September 2024. The trustees have adopted the prowwons ol AcccoJntiThJ and ReportitvJ by Charities.. Statement of Recommended Practice 8pplicablè to charitiès preparirrfj t1r accounts in accorda& Ihè Finan(xal Rèrxxt"ng Slandard 8ppIiG4blè in thè UK and Republic ol Ireland IFRS 1021 leffed1 1 January 20191. OWECTIVES AND ACTivmES Oblo¢tlve$ and •lms The main charitable purpDse is to prorrKJte the advancerrent of the Christian Religion thrcJgh Mission. Educab'on. Citizenship. cMUnitY Development, Soaal TranslormatJn, compaOnate Rdief, aThJ the PreVentK and Relief ol Povety. Our purposes. as re¢x)rded in the "Manual" are the a(fvanwnI ol the Christian Faith thrOh Mission, Discipleship, Fellowship. Teaching. and the Care of our fell men thrgh works of Compassh)n. ACHIEVEMENT AND PERFORIIANCE Charltablo actlvltl During the Financial Period to 30th Seplember 2024 we have conlinued as a churth to fijnction as a Christian felk)wship of believers deeply rooted in the communities of Erskine. Inchinnan and Bishopton. vthh members and attendees also drawn from o¢her communib.es in nryth Renfrewshire awKJ west Glasgow. SupFrfyI is offer&J to these COMMUnrt and our member8 through a variety of ministries. A prorrty1ion of the gen8ral of lh8 clwrth ffj dwgn8led ty tr TnJsl885 and as grants lo lh8 d8nomin81ion for nats'onal adminlstralhjn aTrJ Intemati(Thl n458ion. Olher grants have been made to tharities have a connectlon to the Membership. We understsnd crtjr mission lo be Yransfcrfming wckJ by c¢mnling pw to a)rfst, nurturfrvJ lovè for Gc#J and others. and walking in ¢he Spirit & discx)vering Thwjre toJelher.- Our CO V81uo8 8rn.' 1. Hosytslity. 2. Unty. 3. Gowosty. 4. Sustsinabilty. S. Inttrarity. This accountlThJ period began wrth a staffirKJ16vo1 of Bolh 51or5 work part-ts'mè totalling 60 fK)urs per wee wa5 recruited 12 August 2024 on a er is part-lime totalliThJ 23 hours p8r week. commence JaGI lo £ove¥ malernily leavc. U5 rok as ommuni High ptynls ol t ¢hur¢h lifo IrKIle.. The Table h83 rtrnUed to flourish with an average ol - 60 per rTh)nih being led. We have buitt a Strong relationship wth ttle1nch Rashdee Care Home and the residents and staff have felt thal The Table has been huge benefit (o them. We were do1hlad to rocoN8 arnther grant 01 £10,LYM) from the Natkjnal Lottery to cCtinUe The Table lor al leasi 12 MO months. Contsnuing our partnership with other local churches a part of Erthne & Bishopton Churches Together to provide communrty cinema nights, a communty fun day, a sunwn8r holiday dub, suppcwt to the asylum seekers hoLtsed in the Erskine Hotsl. and olhw evwts a)d The thaairY leam were at4e to ddiver the news at the Christmas and Easter aSSeMleS at Park Main3 High Sthool. Th8 thildrèn of (Lgregaon uganis&J and led a sarvie8 fof tha c))ngregatK. Our nwsic leam carc4s al Erskne Christmas IvJht sw1tth-(. We enjoyed a commLmty day ojt tco8ther at t)umlries HCe. Celebrated baptism5 in November, FeLxu8ry, 8nd March. Page 2
Erskine Church Of The Nazarene
Report of the Trustees
for the Year Ended 30 September 2024
FINANCIAL REVIEW
Financial position
The charity generated a net surplus of £4,920 for the year ended 30 September 2024 (2023: surplus of £17,838).
At 30 September 2024, the reserves totalled £1,425,499 (2023: £1,420,579), which comprises unrestricted free reserves of £36,369 (2023: £37,119), and restricted funds of £1,389,130 (2023: £1,383,460).
Reserves policy
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure.
The board adopted a formal reserve policy to provide two months of charitable running costs. At current level of expenditure this would equate to £19,538. At 30 September 2024, unrestricted free reserves stood at £36,369 (2023: £37,119). The trustees continue to seek methods of generating unrestricted income.
The Trustees meet annually in budgetary session to:-
-
Work with the church treasurer in setting the spending and funding targets for the ensuing 12 months. These budgets are proposed by the Finance Team
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Review accounting policies, and their appropriate application.
The Treasurer is accountable to:-
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Provide monthly Financial Statements for the church board.
-
Work with the Trustees to:
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Assess development needs for the church buildings.
-
Review and set budgets annually
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustee's Responsibilities
The Board seeks to follow Scottish Charity Law in the preparation of financial statements for each financial period that show a true and fair view of the state of affairs of the charity and its financial activities for that period.
In preparing those financial statements the trustees seek to:
Maintain suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
Prepare the financial statements on the ongoing concern basis unless it is deemed inappropriate to assume that the charity will continue in business.
Further, the Trustees recognise their responsibility:
To keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
- Trustee
Page 3
Independent Examiner's Report to the Trustees of Erskine Church Of The Nazarene
I report on the accounts for the year ended 30 September 2024 set out on pages five to fifteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Date: .............................................
Page 4
Erskine Church Of The Nazarene
Statement of Financial Activities for the Year Ended 30 September 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Total EXPENDITURE ON Charitable activities 4 Nazarene Church activities NET INCOME/(EXPENDITURE) Transfers between funds 14 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 73,459 32,472 105,931 108,839 (2,908) 2,158 (750) 37,119 36,369 |
Restricted funds £ 16,212 - 16,212 8,384 7,828 (2,158) 5,670 1,383,460 1,389,130 |
2024 Total funds £ 89,671 32,472 122,143 117,223 4,920 - 4,920 1,420,579 1,425,499 |
2023 Total funds £ 94,312 32,258 126,570 108,732 17,838 - 17,838 1,402,741 1,420,579 |
|---|---|---|---|---|
CONTINUING OPERATIONS
This statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities in both years
Comparative figures for the previous year by fund type are shown in note 9.
The notes on pages 7 to 15 form part of these financial statements
Page 5
Erskln• Church 01 Th• Ma2ar•n• Balance Sheet 30 September 2024 2024 FIXED ASSETS Tangible assets 10 1,294.402 1,287.702 CURRENT SET8 Debtors Cash at bank 7,512 125433 13,363 121 763 132.945 135,126 CREDITORS Amounts falling du8 within one year 12 {1.8481 12,2491 NEf CURRENT ASSETS 131.097 132877 TOTAL ASSET8 LE&8 CURRENT LIABILrnES 1,425.499 1.420,579 NET ASSETS 1,425.499 1.420 579 FUNDS Unrestricted lunds: G&nèral lund Building Fund Missions Intemational Childion's Ministrt8S 14 125,7541 47,651 11.080 120,6561 46,840 11.080 1451 36.369 37,119 Restrfcted fvnds 1.383 460 TOTAL FUNDS 1,425,499 1.420,579 The finanual statements 8pyovod by Ihe eoard of Tnjslees antj au¢hl ts issue on ............................................. and were siqned on its beh81f bv.. rus ee The notes on pages 7 to 15 frmi part of fina1 statements Page 6
Erskine Church Of The Nazarene
Notes to the Financial Statements for the Year Ended 30 September 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Erskine Church of The Nazarene ("the charity") is a unincorporated charity and governed by its constitution. It was registered as a charity in Scotland SC015863) on 18 September 1986. Its registered address is Rashielee Avenue, Erskine, PA8 6HA.
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
-
the Charities and Trustee Investment (Scotland) Act 2005;
-
Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
-
the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
-
'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in October 2019 (FRS 102)' ("the Charities SORP");
-
UK Generally Accepted Accounting Practice; and
-
the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost Computer equipment - 20% on reducing balance
Taxation
The Erskine Church of The Nazarene is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 10.
Page 7
continued...
Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Unrestricted Restricted funds funds £ £ Donations 615 23 Gift aid 13,082 1,816 Collections 59,762 3,873 Grants - 10,500 73,459 16,212 |
2024 Total funds £ 638 14,898 63,635 10,500 89,671 |
2023 Total funds £ 146 14,528 69,838 9,800 94,312 |
|---|---|---|
Grants received, included in the above, are as follows:
| National Lottery Faith in Community Scotland Renfrewshire Council |
2024 £ 10,000 500 - 10,500 |
2023 £ 7,100 - 2,700 |
|---|---|---|
| 9,800 |
3. OTHER TRADING ACTIVITIES
| Unrestricted Restricted funds funds £ £ Toddlers group 4,929 - Church Weekend Fees 355 - Rental income 4,800 - Hall and office hire 22,388 - 32,472 - |
2024 Total funds £ 4,929 355 4,800 22,388 32,472 |
2023 Total funds £ 3,886 3,688 4,700 19,984 32,258 |
|---|---|---|
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Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
4. CHARITABLE ACTIVITIES COSTS
| Direct Support Costs (see costs (see note 5) note 6) £ £ Nazarene Church activities 114,896 2,327 5. DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 £ Staff costs 47,050 Children's Ministry Supplies 845 Church expenses 9,094 Church Weekend 5,124 District Budgets 12,048 Hospitality 1,003 Love Offering 2,209 NMI Admin & Expenses 130 Prayer & fasting - Staff & Congregational Training 1,772 Subscriptions 413 Travel/expenses - Pastors 967 Travel/Expenses - Other staff 188 World Evangelism Fund 1,190 Charitable Donations 3,316 Church Anniversary 147 Cleaning 356 Local NMI Expenses 30 Nazarene Compassionate Ministries 430 Assembly Expenses 393 Alabaster 228 Heat, Light & Power 8,067 Insurance 3,315 IT Software and Consumables 1,651 Printing and stationery 3,984 Repairs & Maintenance 5,543 Telephone and Internet 1,733 Legal Fees - Depreciation 3,670 114,896 |
Totals £ 117,223 2023 £ 45,312 3,628 7,760 1,613 9,751 976 697 660 319 336 1,323 1,374 539 2,165 2,753 - 854 100 - - - 9,086 3,083 1,509 4,243 6,004 1,238 (26) 2,029 107,326 |
|---|---|
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Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
6. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Independent Examination | 1,200 | 1,080 |
| Accountancy | 896 | 244 |
| Bank charges | 231 | 82 |
| 2,327 | 1,406 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
8. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Average number of full time employees No employees received emoluments in excess of £60,000. Key Management Remuneration 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 64,891 Other trading activities 32,258 Total 97,149 EXPENDITURE ON Charitable activities Nazarene Church activities 93,135 NET INCOME 4,014 |
2024 £ 45,956 - 1,094 47,050 2024 2 2024 £ 25,395 Restricted funds £ 29,421 - 29,421 15,597 13,824 |
2023 £ 41,494 1,906 1,912 45,312 2023 2 2023 £ 24,705 Total funds £ 94,312 32,258 126,570 108,732 17,838 |
|---|---|---|
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Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds £ RECONCILIATION OF FUNDS Total funds brought forward 33,105 TOTAL FUNDS CARRIED FORWARD 37,119 10. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 October 2023 1,277,500 10,007 Additions - - At 30 September 2024 1,277,500 10,007 DEPRECIATION At 1 October 2023 - 2,108 Charge for year - 1,000 At 30 September 2024 - 3,108 NET BOOK VALUE At 30 September 2024 1,277,500 6,899 At 30 September 2023 1,277,500 7,899 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Tax Debtor - Gift Aid Prepayments |
Restricted funds £ 1,369,636 1,383,460 Computer equipment £ 8,121 10,372 18,493 5,818 2,672 8,490 10,003 2,303 2024 £ 1,210 151 5,953 198 7,512 |
Total funds £ 1,402,741 |
||
|---|---|---|---|---|
| 1,420,579 | ||||
| Totals £ 1,295,628 10,372 1,306,000 7,926 3,672 11,598 1,294,402 1,287,702 2023 £ 1,546 3,817 8,000 - 13,363 |
||||
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Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Pensions Payable Other creditors Accrued expenses ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed assets Current assets Current liabilities |
Unrestricted funds £ - 36,369 - 36,369 |
Restricted funds £ 1,294,402 96,576 (1,848) 1,389,130 |
2024 £ 648 - - 1,200 1,848 2024 Total funds £ 1,294,402 132,945 (1,848) 1,425,499 |
2023 £ 1,166 1,041 42 - 2,249 2023 Total funds £ 1,287,702 135,126 (2,249) 1,420,579 |
|---|---|---|---|---|
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Comparatives for analysis of net assets between funds
| Unrestricted Restricted funds funds £ £ Fixed assets 10,202 1,277,500 Current assets 29,166 105,960 Current liabilities (2,249) - 37,119 1,383,460 |
2023 Total funds £ 1,287,702 135,126 (2,249) 1,420,579 |
2022 Total funds £ 1,289,140 114,231 (630) 1,402,741 |
|---|---|---|
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Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Building Fund Missions International Children's Ministries Restricted funds Church Building Church House Building Fund Church Weekend General Children's Ministries Children's Funds The Table Mission's International Waterbury Funds Church Planting Volunteers Youth Ministries Building Renovation Fund TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds General fund Building Fund Children's Ministries Restricted funds Building Fund Children's Ministries The Table Mission's International Youth Ministries Building Renovation Fund Faith in Community Scotland TOTAL FUNDS |
At 1/10/23 £ (20,656) 46,840 11,080 (145) 37,119 1,200,000 77,242 (1,985) (181) 98,303 75 (254) (55) (981) (42) 215 4,644 6,479 - 1,383,460 1,420,579 s follows: |
Net movement in funds £ (7,369) 1,069 - 3,392 (2,908) - - 19 - - (75) - 6,975 1,242 - - - (1,397) 1,064 7,828 4,920 Incoming resources £ 96,307 4,800 4,824 105,931 570 40 10,177 3,267 594 1,064 500 16,212 122,143 |
Transfers between funds £ 2,271 (258) - 145 2,158 - 258 1,966 181 - - 254 - - 42 (215) (4,644) - - (2,158) - Resources expended £ (103,676) (3,731) (1,432) (108,839) (551) (115) (3,202) (2,025) (1,991) - (500) (8,384) (117,223) |
At 30/9/24 £ (25,754) 47,651 11,080 3,392 36,369 1,200,000 77,500 - - 98,303 - - 6,920 261 - - - 5,082 1,064 1,389,130 1,425,499 Movement in funds £ (7,369) 1,069 3,392 (2,908) 19 (75) 6,975 1,242 (1,397) 1,064 - 7,828 4,920 |
|---|---|---|---|---|
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Erskine Church Of The Nazarene
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Building Fund Missions International Children's Ministries Church Weekend Restricted funds Church Building Church House Building Fund Church Weekend General Children's Ministries Children's Funds The Table Mission's International Waterbury Funds Church Planting Volunteers Youth Ministries TOTAL FUNDS |
At 1/10/22 £ (15,981) 46,840 2,950 (145) (559) 33,105 1,200,000 77,371 (2,330) - 85,169 75 (254) - 1,009 (42) 215 4,644 3,779 1,369,636 1,402,741 |
Net movement in funds £ (4,675) - 8,130 - 559 4,014 - (129) 345 (181) 13,134 - - (55) (1,990) - - - 2,700 13,824 17,838 |
At 30/9/23 £ (20,656) 46,840 11,080 (145) - 37,119 1,200,000 77,242 (1,985) (181) 98,303 75 (254) (55) (981) (42) 215 4,644 6,479 1,383,460 1,420,579 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Missions International Church Weekend Restricted funds Church House Building Fund Church Weekend General The Table Mission's International Youth Ministries TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 88,460 (93,135) (4,675) 8,130 - 8,130 559 - 559 97,149 (93,135) 4,014 - (129) (129) 345 - 345 - (181) (181) 13,935 (801) 13,134 7,585 (7,640) (55) 4,856 (6,846) (1,990) 2,700 - 2,700 29,421 (15,597) 13,824 126,570 (108,732) 17,838 |
|---|---|
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Erskln• Church OlTh• Ma2ar•n• Notes to the Flnanclal Statements- contlrnml for the Year Ended 30 September 2024 15. RELATED PARTY DISCLOSURES The Communty Pastor is Ihe daughter ol one of the Injslees, yèar werè £24,328. d(s not voi6 on any matters ie . Total empbyer casts for this post in the Is posi. aling to I There were rKJ other related party iransactiS the year endejj 30 September 2024. PURPOSE OF UNRESTRICTED FUNDS General Fund - The Advancement ol Religion thr(h Staff Salaries. Staff DeveloFfftent, Utilities, Programme costs, and Donatsons to needy tsons and supp(xl to the National DerY)minab"on of the Churth ol the Nazarene. Building Fund - This SUPF¢Nts Maintenare and refvrtIsts. and weral improvements to the buihliThJ. Only those segments of this fund received in designate(I giwng are restn"cie(I to tmjilding (x)sts. Other income to the fund comes from th$ rent81 ap8rtrnnts owned by th& I1 (A)ur¢h. 10% 01 rYK1y red in grfi-8kJ tax rglitrf is d$sign8ted to a global mission within the InlematJnal Churth of Ihe Nazaren8. l10n$ Intemalional- unr8strid ¢jal$ hdd fry niss1 per Chlldren's Mlnislth- UnTestrtcied tknatJns hekl for thikjren rTynistries wcrfk per tdcw. 17. PURP08E OF RE8TRICTED FUNDS Restn"¢ted Gener81 Funds- Restsicw lunds hdd gerwl rk of th& thur¢h Church Bullding- Th15 repre5enls the IJcK value ofthe ldIng Rahielee Avenu8. Church Hou88- This repYe8onts the bc¢k Val of Ihe ¢urth hxjso m Bvte Avenue. 8ulldln9 R8novaUon Fund- Dona0 recalved t(Mards costs of r8novaUrvJ the Chuth bulldirvJ. Church Weekend- Inccfft Expethjiiuro rd8tiThJ to the thurth weker 8W8y. Mlsslons Int8mallonal. Da1knS madè spao"ficalty io g) to nNssbns tsrk and nSs>naTIaS Children's MiniSle5- DonatJts made 3Fryific4lly cihJren's vAyk and1 ewi[nI Thg TatrA&- Grant fvnd and y>fi¢ally allc¢ated to supr)rt th fre8 ¢LNMwnlty meal Children's Fund- Fund5 hehj wth thildren Y1 Minislries- Funds hebj fty VK Volunteers- Funds held for vrith vc4unteers Church Planting- Oonation5 m&Je for curth F4ant Fath In th& cu>Nwnty. grant funding obtain•J for gym aquint for us& asOum s88k&rs Waterbury- Funding to SUFWI an irrtem. P&3e 15