Greenlane Christian Fellowship Trust Financial Presentation 2013

Income 2013 2012 Tithes and offerings $1,321,255 $1,324,079 Missions offerings $48,889 $41,904 Rental income $88,349 $106,965 Sundry income $1,908 $1,673 Kimberley Trust Donation $121,700 $ 318,343 Total Income $1,582,101 $1,792,964

Expenditure 2013 2012 Advertising $1,146 $910 Audit expense $7,000 Depreciation $7,320 $1,567 Donations $8,599 $7,870 Equipment purch. and R&M $44,444 $33,862 Interest paid $18,323 $43,700 Office expenses $108,479 $85,998 Property costs $28,415 $39,788 Staff costs $800,086 $1,129,469 Travel $1,138 $1,041 Missions costs $183,445 $321,551 Net sundry ministry expenses $216,402 $262,666 Total Expenditure $1,424,797 $1,935,422 Surplus (deficit) from activities $157,304 ($142,457) Gain on Sale – 36 Marewa Rd - $74,000 Net Surplus/(Deficit) For Year ($68,457)

Statement of movement in equity 2013 2012 Equity at start of year For year ended 31st Dec 2013 2013 2012 Equity at start of year $8,578,605 $6,742,007 Net surplus/(deficit) for year $157,304 ($142,457) Total $8,735,909 $6,599,550 Reval. Reserve Land & Buildings Capital Reserve – Realised Gain - $1,905,055 $74,000 Equity at end of year

GCFT Financial Position 31 December 2013 Assets 2013 2012 Current assets Bank and cash $63,821 $151,541 Sundry debtors $9,926 $8,169 Prepayments $247 - Kimberly Housing Trust $27,973 $ 27,973 GST refund due $11,045 $17,114 Total Current Assets $113,011 $204,797 Non current assets $8,925,323 $8,904,395 Total Assets $9,038,334 $9,109,192

Liabilities 2013 2012 Current Liabilities Sundry Creditors incl. PAYE $160,313 $258,819 Kimberley Trust $12,089 $18,342 Current Portion Westpac Mortgage - $9,468 Total $172,402 $286,629 Term Liabilities $13,934 Westpac Revolve. Credit $130,023 $230,023 Total Term Liabilities $243,957 Total Liabilities $302,425 $530,586 Net Worth $8,735,909 $8,578,606 Accumulated Funds Equity Total Accum. Funds