The Pastor Pitogo Bible Baptist Church Inc. reported a net income loss of 278,987 PHP for the year ending December 31, 2023, compared to losses of 252,931 PHP in 2022 and 213,563 PHP in 2021. Total church operating expenses increased to 478,400 PHP in 2023 from 380,800 PHP in 2022. The financial position includes current and non-current assets, but specific figures for assets and liabilities are not detailed in the provided document.
The Pastor Pitogo Bible Baptist Church Inc. reported a net income loss of 278,987 PHP for the year ending December 31, 2023, compared to losses of 252,931 PHP in 2022 and 213,563 PHP in 2021. Total church operating expenses increased to 478,400 PHP in 2023 from 380,800 PHP in 2022. The financial position includes current and non-current assets, but specific figures for assets and liabilities are not detailed in the provided document.
The Pastor Pitogo Bible Baptist Church Inc. reported a net income loss of 278,987 PHP for the year ending December 31, 2023, compared to losses of 252,931 PHP in 2022 and 213,563 PHP in 2021. Total church operating expenses increased to 478,400 PHP in 2023 from 380,800 PHP in 2022. The financial position includes current and non-current assets, but specific figures for assets and liabilities are not detailed in the provided document.
The Pastor Pitogo Bible Baptist Church Inc. reported a net income loss of 278,987 PHP for the year ending December 31, 2023, compared to losses of 252,931 PHP in 2022 and 213,563 PHP in 2021. Total church operating expenses increased to 478,400 PHP in 2023 from 380,800 PHP in 2022. The financial position includes current and non-current assets, but specific figures for assets and liabilities are not detailed in the provided document.
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THE PASTOR PITOGO BIBLE BAPTIST CHURCH INC.
PUROK PARAGAYO A, POBLACION, PITOGO, ZAMBOANGA DEL SUR
STATEMENT OF RECEIPTS AND DISBURSEMENTS
As of December 31, 2023 Comparative with December 31, 2022 and 2021 (In Philippine Peso)
2023 2022 2021
Revenue Less: Cost of Services Staff Allowance First Fruit 50,000 35,000 28,000 Love Gift 3,500 5,000 2,000 Fringe Benefits Labor TITHES & OFFERING 145,913 87,869 87,937 Lot Medal Fuel Total COST 199,413 127,869 117,937 Gross Income 199,413 127,869 117,937 Less: Operating Expenses Depreciation 18,000 15,000 12,000 Office / School Supplies 15,000 26,000 12,000 Repairs and Maintenance 22,000 22,000 22,000 Representation 45,000 30,000 19,000 Transportation and Travel 88,600 34,000 39,000 Communication, Light and Water 146,400 136,800 120,700 Labor 45,000 45,000 45,000 Fuel 60,000 38,000 25,000 Church Workers Allowances 38,400 34,000 36,800 Total Church Operating Expenses 478,400 380,800 331,500 NET INCOME BEFORE INCOME TAX -278,987 -252,931 -213,563 Less: Provision of Income Tax 0 0 0 NET INCOME AFTER TAX STATEMENT OF FINANCIAL POSITION As of December 31, 2023 Comparative with December 31, 2022 (In Philippine Peso)
ASSETS Notes 2023 2022 2021 CURRENT ASSETS Cash and Cash Equivalents 3 Accounts Receivable, net 4 Training Supplies Total Current Assets NON-CURRENT ASSETS Property and Equipment, net Other Non-current Asset Total Non-Current Assets TOTAL ASSETS LIABILITIES & FUND BALANCE LIABILITIES Accounts Payable Funds held in Trust Loans Payable TOTAL LIABILITIES FUND BALANCE Member’s Contribution General Fund TOTAL Net Income for the period TOTAL FUND BALANCE TOTAL LIABILITIES & FUND BALANCE
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