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WESTMINSTER-ST. PAUL'S PRESBYTERIAN CHURCH
BALANCE SHEET
AS AT DECEMBER 31, 1974
(with comparative figures for 1973) 1
1974 1973
Current assets
Benk $ 3,203 $ 733
Current liabilities
Bank loen r 2,500 2,500
Accounts payable 777 662
Working capitel (deficit) ( 74) (2,429)
Fixed assets - at cost
land 13,015 13,015
Buildings - 119,319 119,319
Furnishings 12,112 12,112
Long-term liabilities 2
Mortgage payable (note 2) 21,000 25,000
123446 119,446
Members! equity (note 1) $123,372 $117,017
SCHEDULE OF EXPENSE
FOR THE YEAR ENDED DECEMBER 31, 1974
: (with comperetive figures for 1973)
. 19m 1973
Church building f
, Heet $ 1,778 $ 1,517
Hydro : 678 537
Telephone 243 250
Municipal Texes 95 93
Insurance 464 ; 431
Repairs and maintenance i 620 850
Janitorisl service 1,300 13300
. $ 5,172 $ 4,978
Manse / =
Heat d $ 203 $ = 200
Hydro 2, 282
Telephone 77 80
Municipal taxes 409 403
Repairs and maintenance Tt 136
Insurance : eats see
$ __980 $ 1,200

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