## **WATLING VALLEY ECUMENICAL PARTNERSHIP**
## **FINANCIAL STATEMENTS**
**For the year ended 31[st] December 2024**
## **Watling Valley Ecumenical Partnership**
## **CONTENTS**
||**Page**|
|---|---|
|**Reference and Administrative Details**|**3**|
|**Annual Report**|**4**|
|**Independent Examiner’s Report**|**8**|
|**Statement of Financial Activities**|**9**|
|**Notes to the Financial Statements**|**10**|
|**_For information:_**||
|**Receipts and Payments By Church Building**|**14**|
|**Balance Sheets**
**By Church Building**|**15**|
2
## **Watling Valley Ecumenical Partnership**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Name Watling Valley Ecumenical Partnership (WVEP) Charity Number 1199024 Address c/o The Partnership Office 33 Dulverton Drive, Furzton, Milton Keynes MK4 1NA Telephone 01908 504452 Website www.watlingvalley.org.uk Elected Trustees Lynne Smith, Chair Rozi Rowcroft James, Clerk Terrence Dawes Val Hicks David Thom Anne Jones Nominated Trustees Tomi Fagbuyi, Finance, Resigning on 27th April 2025 Taiwo Omo-Ikerodah, Risk Management Gayle Shotton Until November Nimi Kennedy Until September Ian Pearce Ministers Ex Officio Rev Barry Lotz Rev Mike Morris Rev Adedayo Adebiyi From September Rev Kath Long Seconded Vivian Onohwakpo, Parish Safeguarding Officer**
**Administrator Liz Morris Principal Bankers Lloyds Bank, Barclays Bank, CAF Bank and Central Board of Finance of the Church of England Independent Examiner Mr Olufemi Oyetunde (FCCA) 12, 548-550 Elder House, Elder Gate, Milton Keynes, MK9 1LR**
3
## **ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **REPORT OF THE TRUSTEES OF WATLING VALLEY ECUMENICAL PARTNERSHIP**
## **Objectives and Activities**
Watling Valley Ecumenical Partnership (WVEP) is a Charitable Incorporated Organisation (CIO) which is registered with the Charity Commission for England and Wales. The primary objective is to advance the Christian faith in accordance with the principles and practices of the participating denominations in the area of benefit.
The Trustees have the responsibility of promoting in the partnership, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has the responsibility for maintaining the church buildings. Shortly before his death, Jesus prayed that his disciples might be one as he and God were one. We take that prayer and call very seriously, and our vision is that we should be ‘a united body of Christians, living with love, giving in grace and moving for mission’.
## **Achievements and Performance**
## **Church attendance**
There were 266 church members, with average weekly attendance counted during October, as 164 adults plus 34 children.
From the Registers:
|**YEAR**|**Baptisms**|**Thanksgivings **|**Weddings **|**Blessings **|**Funerals**|**Interments**|**Confirmation**|
|---|---|---|---|---|---|---|---|
|2024|16|0|5|0|24|8|6|
|2023|19|0|6|1|23|13|3|
## **Structure, Governance and Management**
WVEP is governed by the Trustee Board and a Constitution. Following the transfer of assets to the charity on the 21 April 2024, the newly elected Board of Trustees held their first meeting at the end of April 2024 and met six times during the year, with an average attendance of 13. Two Trustees resigned due to work commitments and family matters and the Parochial Church Council (PCC) will meet in 2025 to nominate their replacements. The accounts are now all on the Quickbooks system and training took place for local Church Treasurers to enable any queries to be raised.
At the Meeting of Members in November it was agreed that our five churches would register via the Eco church scheme.
Safeguarding – Following the Church of England Safeguarding Policy, Vivian (our Parish Safeguarding Officer) has continued to work closely with our local Safeguarding coordinators and Ministers to ensure that we follow the latest Safer Recruitment procedures and all relevant DBS checks are made and training is up to date. As at 21[st] January 2025, 40 volunteers had carried out the necessary training and DBS checks were issued. We are using both the Safeguarding Dashboard and Safeguarding Hub to help us with our Safeguarding, it continues to be a standing item on all business agendas within the life of the Partnership. All church members are encouraged to carry out the Basic Safeguarding training and all churches have dedicated Safeguarding noticeboards displaying relevant contact details and a monthly Safeguarding focus.
A number of concerns were raised during the year, and they were all dealt with appropriately with support from the Diocesan Safeguarding Team with records being kept.
4
## **Mission and Ministry**
Life within the Watling Valley continues to move at a pace and we are extremely grateful for all who give of their time and their talents to help make the Partnership thrive. It is very much a team effort as we seek to serve God in this part of Milton Keynes. 2024 in many ways was a challenging year but equally there is much that we need to celebrate as we continue to live out God’s love in our community.
Across the Partnership there are several small groups who meet together regularly, whether that’s Knit and Natter, Café Connect, Open Church at St Mary’s, One Voice Community Choir and People at the Pub. Each group offers a time for people to come together for support and fellowship whether they are part of the church family or not.
Besides small groups meeting for fellowship and mutual support there are a number of discipleship groups that meet including the Theological Reading Group, Wednesday Bible Study and the Tuesday Home Group. These are great places to have some of those deeper discussions about faith. Holy Cross have begun a monthly prayer gathering on the last Friday of the month, across the Partnership prayer underpins all that we do. Alongside these, we have put on several Lent and Advent Courses, some of the courses we’ve used have been based on A J Levine’s books. For Advent we used the resource ‘From the Manger’ for study groups, use at home and Sunday reflections. In the Autumn we once again ran a confirmation class for both adults and young people that used the Nicene Creed to help us reflect on what we believe. It was good to be joined by people from Stantonbury.
Throughout the year we have continued to work with children and young people across the Watling Valley leading weekly assemblies at Christ the Sower and Caroline Haslett along with regular assemblies at seven other schools. This year has seen us also leading lessons on subjects including Baptism, the Nativity and the Divinity of Jesus. Within the Partnership our work has been focused on continuing to develop intergenerational worship as well as running a Sunday Club at Holy Cross three Sunday’s a month and working with a committed group of young people who meet monthly for Hot Potatoes. Hot Potatoes have had some interesting discussions on forgiveness and happiness to name a few, as well as organising 24hrs of madness that raised over £600 for the Henry Allen Trust. Once again, we held a very successful Holiday Club, Seaside Rock, which saw around 40 children reflecting on the life of Peter. The week culminated with a special Partnership service at which we were pleased to welcome the Mayor. With all the changes that have happened this year within the Ministry Team we haven’t done as much with Muddy Church as we would have liked to but we are planning to have more of a focus on this in 2025.
During 2024 the Diocese of Oxford was drawing together a national bid to help finance work with children, young people and families. Watling Valley was invited to be part of this bid and so much work was done my members of the Ministry Team with support from the Diocesan Team to draw up a proposal. Unfortunately, in March 2025 the Diocese was told that its bid wasn’t successful. However, this work hasn’t been wasted, and we are going to consider whether we can get some funding for some work within this area from other sources.
Work with those outside if education also continues and this was the focus of our application to the Methodist Church for a Deacon, following Barry’s retirement in 2025. The Methodist church had said that unfortunately we wouldn’t be eligible for a Methodist Presbyter due to a national shortage and so we were able to think creatively to keep our ecumenical diversity. We learnt in March 2025 that Deacon Ian Murray will be joining us in Spring 2026. Work in this area includes the weekly Café Connect, regular services held in residential homes and sheltered housing complexes and a commitment to work with Shenley Wood Village.
Within the individual churches there has been lots to celebrate as well as challenges to overcome. The main challenge has been that on finance and much effort has been made across the Partnership to raise funds through events and individual giving. Whether that’s been several successful concerts that have taken place at both St Mary’s and All Saints’ or Summer and Christmas Fairs which offer opportunities for the wider community to gather together and support the work of the church. All our buildings have had various amounts of work done on them during the year to keep them in good condition and as a witness to the wider community. This has included some urgent repair work on the bells at St Mary’s, repainting the ceiling at St Giles’, repairing the baptistry at Servant King. We are also thankful for those who are committed to keeping the churchyards looking tidy and
5
creating that oasis of tranquillity for people to spend time in, whether that’s enjoying time on one of the benches, walking through or visiting the grave of a loved one. All Saints’ have continued to develop the wildflower beds in the Jubilee graveyard which not only helps to make the area look beautiful but also supports the local wildlife.
The churches continue to work hard at being there for the wider community offering a space for people to meet together whether that’s for instrument lessons and to sing or for uniformed organisations pre-schools, U3A, baby sensory and others. Not only does this help to bring in some much-needed income it also is another way for us to serve our communities. Holy Cross has continued to host UnityMK (Formerly known as the Winter Night Shelter) every Saturday during the winter as well as offering a monthly Food Pantry which has continued to see high demand as people struggle with the cost of living supporting around fifty families.
We are very grateful to all those who support the worshiping life of the Partnership, from those who clean our churches to those who volunteer to welcome, set up chairs, read, lead intercessions, provide the music, serve at communion, provide tea and coffee and lead our worship. We offer a wide range of worship from the traditional Book of Common Prayer to the more informal Café Style. We have continued to hold a number of Partnership services throughout the year, these have been enhanced by the coming together of musicians and singers to aid our worship. We regularly find visitors coming along to our services and try to make sure that they have a warm welcome. As always, Christmas sees our biggest influx of visitors for worship especially the services in the afternoon on Christmas Eve. Across the Partnership we saw a record number of people coming along on Christmas Eve with an estimated 919 people, with a further 313 attending our Midnight & Christmas morning services. Christmas gives us a great opportunity to engage with the community and to share the real meaning of Christmas.
Once again, this year has seen changes within the Ministry Team with Ruth Harley leaving us for Newcastle in July after completing her curacy admirably. Kath Long was appointed as the new Team Vicar in March 2024 and we were delighted to welcome her in September when we were joined by people from across Milton Keynes and beyond. Having spent the first few months getting to know everyone across the Partnership it was agreed that Kath would become lead minister at All Saints’ and St Giles’, Adedayo at Holy Cross and Mike at St Mary’s and Servant King. The decision for both Kath and Mike to have oversight of two churches was made in the light of Barry’s impending sabbatical and then retirement in July 2025. Mike was able to enjoy a sabbatical in the summer term (although due to illness this was completed in the autumn) which saw him revisiting his vocational journey through a series of pilgrimages.
Watling Valley continues to be a very busy and active Partnership and we look forward to the joys and challenges that God has instore for us in 2025.
## **Financial Review**
Across the partnership, Planned Giving through the Parish Giving Scheme and Standing Orders held steady throughout the year. We are immensely grateful for the overwhelming generosity which resulted in substantial Ad Hoc Giving. Fees from Weddings and Funerals is now lower than pre-Covid levels, due in large part, to the decrease in the number of Weddings held in church.
Fund Raising consisted of Summer Fetes, Christmas Fetes, and Concerts, with Bucks Historic Ride and Stride.
Only essential expenditure was agreed in 2024. The Bell Frame in St. Mary’s required a full overhaul, it being more than 110 years since the last. This necessitated a major Fundraising campaign. Otherwise, Expenses remained at a similar level to 2023.
The WVEP Share was £159,816.59. This provides for the running expenses of both the Partnership and Partnership Office, the stipends and housing for our Ministers, contributions to the running costs of all four denominations and Churches Together in Milton Keynes. The net result for the year was an excess of payments over receipts (a loss) of £11,278.97. The balance carried forward as at 31st December for unrestricted funds totalled £112,286.17.
6
The Ridgeway Community Centre ceased trading and was dissolved by Companies House on 16[th] July 2024 and the removed from the Charities Commission register on 5[th] September 2024. The Community Centre is part of Servant King Church within the Watling Valley Partnership.
## **Reserves policy**
It is good practice to maintain a balance on unrestricted funds (if possible), which equates to approximately six months unrestricted payments, about £134,000 to cover emergency situations that may arise from time to time.
7
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WATLING VALLEY ECUMENICAL PARTNERSHIP**
I report on the accounts of Watling Valley Ecumenical Partnership for the year ended 31[st] December 2024, which are set out on pages 9 to 15.
## **Respective responsibilities of the Trustees and the Examiner**
As Trustees, you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under the Church Regulations and section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with the general directions given by the Charity Commission and to be found in the Church Guidance 2006. An examination includes a review of the accounting records kept by the partnership and a comparison of the accounts prepared with these records. It also includes consideration of any unusual items or disclosure in the financial statements, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **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 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the
- requirements of the 2011 Act, and the Church Regulations
have not been met, or
- 2 to which, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………
Mr Olufemi Oyetunde (FCCA) Nathan Grace Ltd
Suite 12, 548-550 Elder House, Elder Gate, Milton Keynes, MK9 1LR
11[th] April 2025
8
## **WATLING VALLEY ECUMENICAL PARTNERSHIP**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**RECEIPTS AND PAYMENTS ACCOUNT**
Notes
**RECEIPTS**
Voluntary Receipts
Receipts from donors
Planned Giving
4a
Collections other than giving
Gift Aid Received
Other voluntary receipts
4b
Activities for generating funds
4c
Investment Income
4d
Income from church Activities Fees
4e
Income from church Activities Hire
4f
**PAYMENTS**
Activities directly relating to the work of the church
WV Share
5a
Other Payments
5b, 5c
**Net Surplus/ -Loss**
Transfers between Funds
Reserves brought down
Reserves carried forward|Unrestricted
Funds
Restricted
Funds
Total Funds 2024
£
£
£
106,779.97
1,350.00
108,129.97
31,695.80
9,667.00
41,362.80
30,440.82
0.00
30,440.82
168,916.59
11,017.00
179,933.59
19,658.40
14,643.06
34,301.46
14,023.42
9,781.25
23,804.67
1,604.56
8,283.22
9,887.78
6,025.00
1,767.00
7,792.00
48,365.43
0.00
48,365.43
258,593.40
45,491.53
304,084.93
159,816.59
0.00
159,816.59
110,055.78
21,238.47
131,294.25
269,872.37
21,238.47
291,110.84
-11,278.97
24,253.06
12,974.09
259.28
-259.28
0.00
123,305.86
242,430.12
365,735.98
112,286.17
266,423.90
378,710.07|Unrestricted
Funds
Restricted Funds Total Funds 2023
£
£
£
108,578.87
600.00
109,178.87
46,992.34
32,700.54
79,692.88
34,382.12
1,265.00
35,647.12|
|---|---|---|
|||189,953.33
34,565.54
224,518.87
1,466.00
500.00
1,966.00
7,485.68
1,380.00
8,865.68
897.94
1,037.92
1,935.86
4,841.00
3,157.39
7,998.39
50,449.35
0.00
50,449.35|
|||255,093.30
40,640.85
295,734.15|
|||157,732.80
157,732.80
112,821.43
63,054.31
175,875.74|
|||270,554.23
63,054.31
333,608.54|
|||-15,460.93
-22,413.46
-37,874.39|
|||1,722.75
3,421.36
5,144.11
137,044.04
261,422.22
398,466.26|
|||123,305.86
242,430.12
365,735.98|
|**STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 D**
**STATEMENT OF ASSETS AND LIABILITIES**
Notes
**Cash Funds**
Bank Current Accounts
Bank Deposit Accounts
**Other Monetary Assets**
6
**Current Liabilities**
7
TOTAL NET ASSETS
**Restricted Funds**
8
Unrestricted Funds - General
Brought Down
Prior year adjustment
Movement
Carried Forward
TOTAL FUNDS|**ECEMBER 2024**
Unrestricted
Funds
Restricted
Funds
Total Funds 2022
£
£
£
44,657.92
73,228.68
117,886.60
50,238.50
193,195.22
243,433.72
94,896.42
266,423.90
361,320.32
22,165.02
0.00
22,165.02
-4,775.27
0.00
-4,775.27
112,286.17
266,423.90
378,710.07
0.00
266,423.90
266,423.90
123,305.86
123,305.86
259.28
259.28
-11,278.97
-11,278.97
112,286.17
0.00
112,286.17
112,286.17
266,423.90
378,710.07|Unrestricted
Funds
Restricted Funds Total Funds 2023
£
£
£
68,614.89
58,074.89
126,689.78
49,190.71
184,355.23
233,545.94|
|---|---|---|
|||117,805.60
242,430.12
360,235.72
13,165.77
0.00
13,165.77
-7,665.51
0.00
-7,665.51|
|||123,305.86
242,430.12
365,735.98|
|||0.00
242,430.12
242,430.12
137,044.04
137,044.04
1,722.75
1,722.75
-15,460.93
-15,460.93|
|||123,305.86
0.00
123,305.86
0.00|
|||123,305.86
242,430.12
365,735.98|
The Notes that follow form part of these accounts.
9
## Watling Valley Ecumenical Partnership
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2024**
## 1. **ACCOUNTING POLICIES**
## **Basis of accounting**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP FRSSE 2015.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which WVEP is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.
## **Incoming resources**
Planned giving, collections and donations are recognised when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Wedding fees are recognised when the wedding takes place.
Unrealised gains or losses on investments are accounted for on revaluation at 31st December each year.
## **Unrestricted funds**
These are general funds to be used to fulfill the aims of the charity.
## **Designated funds**
These are assets set aside by the charity, at the Trustees discretion for a specific purpose, such as supporting a programme, project or a long term goal. These are part of the charity's Unrestricted Funds.
## **Restricted Funds**
These are funds that have been given to the charity, for a particular reason, and can only be spent in accordance with the requests of the Donor.
## **Resources expended**
Resources expended are accounted for on an accruals basis.
## 2. **ENDOWMENT FUNDS**
## **Permanent endowment**
The permanent endowment fund in St. Mary's Trust, comprises various bequests which permit the income to be spent on the general running of the church. The capital is to be retained in the fund.
The permanent endowment fund in St. Giles, comprises bequests from Hetty Watts and Bob Winstanley, which permits the income to be spent on the general running of the church. The capital is to be retained in the fund. **Expendable endowment**
The expendable endowment fund in St. Mary's comprises the proceeds from the sale of land in Osier Lane in 1985, the income from which is unrestricted. The capital is available for church improvements or building work.
## 3. **REMUNERATION**
None of the Trustees have been paid any remuneration, received any other expenses or benefits for the performance of their duties.
There have been no related party transactions during the year that require disclosure.
A fee has been paid to the independent examiner.
There is one paid employee, the Watling Valley Administrator.
|4
**RECEIPTS**
Voluntary Receipts
4a
**Planned Giving**
Tax Efficient Planned Giving
Other Planned Giving
4b
**Other voluntary receipts**
Hugh Parke Charity
Grant from RWT
Abbey Hill Parish
Energy Grants
Grant for Building Fund
Grants and special gifts for Holiday Club
Cost of ChurchDesk reimbursed
4c
**Activities for generating funds**
All Saints
Holy Cross
Servant King
St Giles
St Mary's
WV
4d
**Investment Income**
Bank Interest
Revaluation of Funds
4e
**Income from Church Activities Fees**
All Saints
Holy Cross
Servant King
St Giles
St Mary's
WV
4f
**Income from Church Activities Hire**
Regular Bookings
Ad Hoc Bookings|**Unrestricted**
**Restricted**
**Total 2024**
98,178.53
550.00
98,728.53
8,601.44
800.00
9,401.44
106,779.97
1,350.00
108,129.97
1,250.00
1,250.00
18,408.40
18,408.40
750.00
750.00
0.00
11,313.72
11,313.72
1,369.34
1,369.34
1,210.00
1,210.00
19,658.40
14,643.06
34,301.46
4,135.32
4,135.32
0.00
1,766.20
1,766.20
0.00
7,927.55
9,781.25
17,708.80
194.35
194.35
14,023.42
9,781.25
23,804.67
1,604.56
8,283.22
9,887.78
0.00
0.00
0.00
1,604.56
8,283.22
9,887.78
3,839.00
3,839.00
104.00
104.00
108.00
108.00
800.00
800.00
1,174.00
1,582.00
2,756.00
185.00
185.00
6,025.00
1,767.00
7,792.00
41,849.03
-
41,849.03
6,516.40
-
6,516.40
48,365.43
0.00
48,365.43|**Total 2023**
102,719.00
6,460.00|
|---|---|---|
|||109,179.00|
|||1,265.00
500.00
201.00|
|||1,966.00|
|||473.08
1,664.26
20.00
4,910.27
140.75|
|||7,208.36|
|||1,151.00
785.00|
|||1,936.00|
|||2,724.00
219.00
4,676.00
379.00|
|||7,998.00|
|||46,141.00
4,308.00|
|||50,449.00|
**Unrestricted Restricted Total 2024**
**Total 2023**
## 5 **PAYMENTS**
Activities directly relating to the work of the church
## 5a **WV Share**
|Anglican
Baptist
Methodist
United Reformed
Churches Together in Milton Keynes
5b
**Other Payments**
2040 Gross Pay
2042 Pension
2200 Office Rent
2210 Software
2220 Child & Data Protection
2230 Postage and Carriage
2240 Telephone
2250 Printing, P/copier, Stat
2270 St. Martin's Heartedge
2280 Catering Supplies
2290 Cleaning and Toilet Supplies
2295 Contract Cleaning and Caretaking
2300 Ministers' Mileage, Telephone, Technology
2350 Worship
2355 Christian Giving
2360 Musicians Fees & Equip
2370 Electricity
2375 Gas
2380 Water
2390 Legal and professional fees
2400 Insurance Costs
2404 Youth Work
2500 Major Building
2750 Annual Services & Contracts
2800 Minor Repairs & Maintenance
2805 Christ the Sower (CtS)
2900 Bank Charges
Prior Year Adjustment and Transfers
5c
**2500 Major Building**
Holy Cross
All Saints'
St. Mary's
Servant King
St. Giles|101,813.58
101,813.58
1,578.01
1,578.01
53,269.00
53,269.00
1,536.00
1,536.00
1,620.00
1,620.00
159,816.59
0.00
159,816.59
12,584.00
12,584.00
374.00
374.00
2,135.32
2,135.32
112.89
112.89
363.57
363.57
2,236.65
2,236.65
1,073.48
1,073.48
300.00
300.00
646.42
8,446.62
9,093.04
1,208.17
1,208.17
7,436.44
7,436.44
6,208.52
6,208.52
1,814.02
1,814.02
965.00
965.00
6,222.52
676.05
6,898.57
5,104.54
5,104.54
16,371.20
16,371.20
643.01
643.01
4,201.59
4,201.59
11,968.50
11,968.50
635.33
968.38
1,603.71
11,627.00
10,226.40
21,853.40
7,657.87
7,657.87
7,476.47
921.02
8,397.49
480.00
480.00
209.30
209.30
0.00
110,055.81
21,238.47
131,294.28
744.00
744.00
0.00
923.80
10,226.40
11,150.20
8,709.22
8,709.22
1,250.00
1,250.00
11,627.02
10,226.40
21,853.42|103,023.00
1,670.00
49,920.00
1,500.00
1,620.00|
|---|---|---|
|||157,733.00|
|||11,530.00
346.00
0.00
2,186.00
133.00
481.00
1,309.00
726.00
300.00
9,575.00
2,338.00
8,551.00
6,814.00
2,280.00
480.00
6,081.00
6,953.00
15,551.00
927.00
3,554.00
11,133.00
1,365.00
65,840.00
5,698.00
5,249.00
480.00
301.00
5,695.00|
|||175,876.00|
|||6,698.00
6,797.00
5,598.00
7,957.00
38,790.00|
|||65,840.00|
|6
**Other Monetary Assets**
Debtors Hall Hirers
Gift Aid Receivable
7
**Current Liabilities**
Invoices unpaid at year end
Hire Deposits
Wedding Deposits|**Unrestricted**
**Restricted**
**Total 2023**
13,865.02
8,300.00
22,165.02
2,984.27
750.00
1,041.00
4,775.27|**Total 2022**
7,590.77
5,575.00|
|---|---|---|
|||13,165.77|
|||6,265.51
600.00
800.00|
|||7,665.51|
## 8 **RESTRICTED FUNDS**
These Funds represent accumulated Fees and Appeals, which can only be spent for that purpose.
|**FUND**
5010 Bob Winstanley Memorial Fund
5015 Building/Reordering/Roof/Loan
5020 Churchyard Fund
5025 Community/Mission and Outreach
5030 Community/Mission and Outreach Tattenhoe Pk
5035 Designated Funds - Bells
5040 Organ Fund
5042 Music Fund
5045 Donation Fund
5050 Hetty Watts Endowment Fund
5055 Equipment Fund
5060 Food Pantry Outreach
5065 Minister's Discretionary Fund
5070 Ministry Fund
5075 Special Reserve
5080 Voices
5085 Youth Ministry Holiday Club
5090 Youth Ministry/Toddler Fund|**Bal B/D**
**Receipts**
**Payments**
**Transfer**
**Bal C/F**
153,152.50
153,152.50
39,402.52
22,039.62
61,442.14
3,098.00
1,432.00
-120.50
4,409.50
3,856.54
3,856.54
313.00
0.00
313.00
12,412.57
9,445.69
-10,226.40
11,631.86
1,498.96
150.00
-375.08
1,273.88
1,299.62
335.56
-676.05
959.13
530.00
0.00
530.00
3,025.00
0.00
3,025.00
140.00
0.00
140.00
2,921.75
-300.90
2,620.85
100.00
0.00
100.00
8,636.00
1,395.00
10,031.00
500.00
0.00
500.00
245.00
0.00
245.00
1,856.66
1,863.22
-968.38
2,751.50
9,442.00
0.00
9,442.00|
|---|---|
||242,430.12
36,661.09
-12,667.31
0.00
266,423.90|
|**2024 WV Financial Accounts by Church**||**All Saints**|**Holy Cross**|**Servant King**|**SKF CC**|**St Giles**|**St Mary's**||**WVEP**|**Un-Restricted**|
|---|---|---|---|---|---|---|---|---|---|---|
||||||**Ridgeway**||||||
|1010-1021 Planed Giving||32,716.90|10,069.82|18,140.53|-|15,115.53|30,737.19||-|106,779.97|
|1040-1061 Collections & Donations||8,092.08|7,536.56|4,013.26|75.00|3,025.15|7,186.75||1,767.00|31,695.80|
|1070-1071 Gift Aid Recovered||8,984.44|3,505.08|3,558.44|-|4,772.79|9,220.07||400.00|30,440.82|
|1079-1081 Grants||7,658.40|-|-|-|-|-||12,000.00|19,658.40|
|1250 Fundraising||4,135.32|-|1,766.20|-|-|7,927.55||194.35|14,023.42|
|1300 Interest||-|-|-|-|556.77|701.46||346.33|1,604.56|
|1400 Fees||3,839.00|104.00|108.00|-|800.00|1,174.00||-|6,025.00|
|1500-1550 Hire Income||80.00|8,755.80|-|38,799.63|-|730.00||-|48,365.43|
|1600 Gain/ Loss on Investment||-|-|-|-|-|-||-|-|
||Total Income|65,506.14|29,971.26|27,586.43|38,874.63|24,270.24|57,677.02||14,707.68|258,593.40|
|2010-2015 Denominational Costs||-|-|-|-|-|-||159,816.59|159,816.59|
|2030-2034 WV Share||35,998.99|26,664.00|27,684.00|-|21,192.00|37,000.00|-|148,538.99
|-|
|2040-2270 Administration||310.39|318.84|515.76|-|-|170.75||17,864.17|19,179.91|
|2280-2295 Catering and Cleaning||-|1,044.00|8,217.54|-|-|29.49||-|9,291.03|
|2300 Ministerial Expenses||-|-|-|-|-|-||6,208.52|6,208.52|
|2350 Worship||-135.86|-|245.50|-|241.10|70.88||1,392.40|1,814.02|
|2355 Christian Giving||125.00|-|-|-|500.00|340.00||-|965.00|
|2360 Musicians Fees & Equip||200.00|514.80|333.72|-|190.00|4,984.00||-|6,222.52|
|2370-2380 Utilities||7,689.28|4,995.29|5,959.39|-|170.00|3,304.79||-|22,118.75|
|2390 Legal and professional fees||-|-|-|-|-|600.00||3,601.59|4,201.59|
|2400 Insurance Costs||2,420.18|1,326.14|2,793.65|-|1,015.95|3,951.73||460.80|11,968.45|
|2404-2460 Youth Work||-|-|-|-|-|-||635.33|635.33|
|2500 Major Building||-|744.00|8,709.22|-|1,250.00|923.80||-|11,627.02|
|2750 Annual Services & Contracts||843.36|2,005.70|3,331.75|-|171.76|1,305.30||-|7,657.87|
|2800 Minor Repairs & Maintenance||453.89|793.98|5,674.36|-|461.88|92.36||-|7,476.47|
|2805 Christ the Sower (CtS)||-|-|-|-|-|-||480.00|480.00|
|2900 Bank Charges||9.01||4.03|14.69|5.58|83.23||92.76|209.30|
|2999 Transfer to Restricted Funds||-|-|-|-|-|-||-|-|
||Total Expenditure|47,914.24|38,406.75|63,468.92|14.69|25,198.27|52,856.33||42,013.17|269,872.37|
||Net Surplus/ (Loss)|17,591.90|-8,435.49|-35,882.49|38,859.94|-928.03|4,820.69||-27,305.49|-11,278.97|
|**2024 WV Balance Sheet by Church**|**All Saints**|**Holy Cross**||**Servant King**|**SKF CC**|**St Giles**|**St Mary's**|**WVEP**|**HCT Food**|**SMS Charity**|**TOTAL**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**Ridgeway**||||**Pantry**|||
|3200-3250 Bank Accounts|32,188.78|36,123.20||8,582.04|14,908.28|180,042.24|28,931.79|31,946.47|2,620.85|25,976.67|361,320.32|
|3300 -3310 Debtors|-|300.00||817.20|-|747.57|-|12,000.25|-|-|13,865.02|
|4001-4040 Creditors|-148.66|-150.00||-70.00|-600.00|-1,458.10|-1,178.32|-1,170.19|-|-|-4,775.27|
|4050 Inter Church Accounts|-|-||69,133.74|-69,133.74|-|-110.56|110.56|-|-|-|
|Total Net Assets|32,040.12|36,273.20||78,462.98|-54,825.46|179,331.71|27,642.91|42,887.09|2,620.85|25,976.67|370,410.07|
|Restricted Funds||||||||||||
|5010 Bob Winstanley Memorial Fund|-|-||-|-|153,152.50|-|-|-|-|153,152.50|
|5015 Building/Reordering/Roof/Loan|-|15,749.74||-|-|12,838.73|6,877.00|-|-|25,976.67|61,442.14|
|5020 Churchyard Fund|-|-||-|-|-|4,409.50|-|-|-|4,409.50|
|5025 Community/Mission and Outreach|-|-||882.17|1,000.00|454.37|-|1,520.00|-|-|3,856.54|
|5030 Community/Mission and Outreach Tattenhoe Pk|-|-||-|-|-|-|313.00|-|-|313.00|
|5035 Designated Funds - Bells|1,185.00|-||-|-|-|10,446.86|-|-|-|11,631.86|
|5040 Organ Fund|139.42|-||-|-|685.00|449.46|-|-|-|1,273.88|
|5042 Music Fund|-|-||-|-|-|959.13|-|-|-|959.13|
|5045 Donation Fund|-|530.00||-|-|-|-|-|-|-|530.00|
|5050 Hetty Watts Endowment Fund|-|-||-|-|3,025.00|-|-|-|-|3,025.00|
|5055 Equipment Fund|-|-||-|-|-|-|140.00|-|-|140.00|
|5060 Food Pantry Outreach|-|-||-|-|-|-|-|2,620.85|-|2,620.85|
|5065 Minister's Discretionary Fund|-|-||-|-|-|-|100.00|-|-|100.00|
|5070 Ministry Fund|-|-||-|-|-|-|10,031.00|-|-|10,031.00|
|5075 Special Reserve|500.00|-||-|-|-|-|-|-|-|500.00|
|5080 Voices|-|-||-|-|-|-|245.00|-|-|245.00|
|5085 Youth Ministry Holiday Club|-|-||-|-|-|-|2,751.50|-|-|2,751.50|
|5090 Youth Ministry/Toddler Fund|-|300.00||-|-|-|-|9,142.00|-|-|9,442.00|
|Total Restricted Funds|1,824.42|16,579.74||882.17|1,000.00|170,155.60|23,141.95|24,242.50|2,620.85|25,976.67|266,423.90|
||||||||||||-|
|Reserves Brought down|13,823.80|30,128.95|-|21,596.03
|40,973.93|11,304.14|2,801.39|46,128.96|-|-|123,565.14|
|Transfer to Restricted Funds/ Write off of Debt|||||||||||-|
|Net Surplus/ -Loss|17,591.90|-8,435.49||-35,882.49|38,859.94|-928.03|4,820.69|-27,305.49|0.00|-|-11,278.97|
|Reserves Carried Forward|31,415.70|21,693.46||-57,478.52|79,833.87|10,376.11|7,622.08|18,823.47|0.00|0.00|112,286.17|
|Total Funds|33,240.12|38,273.20|-|56,596.35
|80,833.87|180,531.71|30,764.03|43,065.97|2,620.85|25,976.67|378,710.07|