## **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|