WHITEHEAD CONGREGATIONAL CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
Whitehead Congregational Church Financial statements for the year ended 31st December 2023
Receipts and Payments Account for the year ended 31st December 2023
| Receipts Voluntary giving Gift Aid Donations and Bequests Other Income Investment Income Payments Cost of Fundraising Charitable Activities Governance Costs Before transfers between funds Transfers between Funds Net Operating Surplus/ (Deficit) |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ 20,187 1,125 0 21,312 21,857 0 0 0 0 0 400 2,135 0 2,535 2,680 0 0 0 0 0 880 0 0 880 945 |
|---|---|
| 21,466 3,260 0 24,726 25,482 |
|
| 0 0 0 0 24,572 3,260 0 27,832 23,627 0 0 0 0 |
|
| 24,572 3,260 0 27,832 23,627 |
|
| (3,106) 0 0 (3,106) 1,855 0 0 0 0 |
|
| (3,106) 0 0 (3,106) 1,855 |
The reconciliation of the receipts and payments shown above to the total funds of the Church is disclosed on the following page
Whitehead Congregational Church Financial statements for the year ended 31st December 2023
Statement of Assets & Liabilities
Reconciliation of Receipts and Payments Account
| Unrestricted Funds £ Opening Funds at beginning of year 207,077 Surplus/ (Deficit) for the year (3,106) 203,971 Closing Funds at end of year 203,971 Held as followings: Bank Current Account No. 1 59,601 Term Deposit 144,370 Cash in hand 203,971 Non-monetary Assets (not included above) Unrestricted Funds Church, Halls & Contents 2,798,321 2,798,321 |
Unrestricted Funds £ 207,077 (3,106) |
Restricted Funds £ 0 0 |
Restricted Funds £ 0 0 |
Endowment Total Total Funds 2023 2022 £ £ 0 207,077 204,444 0 (3,106) 1,855 |
Endowment Total Total Funds 2023 2022 £ £ 0 207,077 204,444 0 (3,106) 1,855 |
Endowment Total Total Funds 2023 2022 £ £ 0 207,077 204,444 0 (3,106) 1,855 |
Endowment Total Total Funds 2023 2022 £ £ 0 207,077 204,444 0 (3,106) 1,855 |
|---|---|---|---|---|---|---|---|
| 203,971 | 0 | 0 203,971 206,299 |
|||||
| 203,971 | 0 | 0 203,971 206,299 |
|||||
| 59,601 144,370 |
0 0 |
0 59,601 63,426 0 144,370 143,651 0 0 |
|||||
| 203,971 | 0 | 0 203,971 207,077 |
|||||
| Restricted Funds |
Endowment Total Total Funds 2023 2022 2,798,321 2,401,992 |
Total | |||||
| 2022 | |||||||
| 2,798,321 | 0 | 0 2,798,321 2,401,992 |
The trustees are of the opinion that given that the age of the Church buildings & Other property that the most appropriate basis of valuation is the Insurance cover which is shown above.
Statement of Material Liabilities
The Trustees are not aware of any material liabilities at the date of this Report
Approved on behalf of the trustees on 12st February 2025 and signed on their behalf by:-
Trustee -David Stevenson
Trustee - Mr Ernest R D Clarke
Whitehead Congregational Church Financial statements for the year ended 31st December 2023
Notes to the Accounts
Basis of Accounting under Receipts & Payments
Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid.
Purpose and nature of funds
General unrestricted fund : These are funds that have been received carrying no restriction on their use and are put to purpose at the discretion of the trustees in furtherance of the objects of the Charity.
The following designated funds are held within the general unrestricted funds, these discretionary funds are set aside by the Trustees for a specific purpose:
Restricted funds: are funds subject to specific trusts, which are declared by the donor(s) and are expendable by the trustees in furtherance of some particular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve.
Endowment funds: where there is no power to convert the capital into income, is known as a permanent endowment fund and the capital is normally held indefinitely. Where trustees have the power to convert endowment funds into income, such funds are known as expendable endowments.
Any funds held under this classification by the Charity are permanent.
Trustee benefits (in total)
| Remuneration Reimbursed expenses |
2023 2022 15,000 16,210 |
2022 |
|---|---|---|
| 0 0 |
As explained in the Trustees Report, the only private benefit flowing from our purpose in relation to the trustees is to those in paid employment within our congregation who receive benefits as a result of their holding office or employment. However, this is incidental and necessary in order to further our charitable purpose. There are no other private benefits.
Whitehead Congregational Church Financial statements for the year ended 31st December 2023
| RECEIPTS Voluntary Giving Freewill Envelopes Plate Collection (Sunday Services) Building fund Gift Aid received Donations & Bequests Donations for Charities Donations for Church Other Income Investment Income Bank Interest Investment Income Operating Receipts |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ 18,510 0 18,510 18,513 1,677 1,677 3,344 0 1,125 1,125 0 0 0 |
|---|---|
| 20,187 1,125 0 21,312 21,857 |
|
| 0 0 0 0 |
|
| 0 2,135 2,135 400 400 2,680 |
|
| 400 2,135 0 2,535 2,680 |
|
| 0 0 0 0 |
|
| 0 0 0 0 0 |
|
| 161 0 161 167 718 718 778 |
|
| 880 0 0 880 945 |
|
| 21,466 3,260 0 24,726 25,482 |
Whitehead Congregational Church Financial statements for the year ended 31st December 2023
| PAYMENTS Charitable Activities Ministry and support staff costs Organist Pulpit Supply Heat & Light Insurance Running expenses Water rates WFO Envelopes Repairs General Donations to Congregational Union Donations to Others Governance Cost Examiners Fee Operating payments |
Unrestricted Restricted Endowment Total Total Funds Funds Funds 2023 2022 £ £ £ £ 15,000 15,000 16,210 1,070 1,070 540 540 1,147 1,147 2,798 2,798 0 4,807 220 220 151 151 147 2,763 1,125 3,888 533 533 100 350 350 2,319 0 2,135 2,135 44 0 0 |
|---|---|
| 24,572 3,260 0 27,832 23,627 |
|
| 0 0 0 0 |
|
| 0 0 0 0 0 |
|
| 24,572 3,260 0 27,832 23,627 |