WHITEHEAD CONGREGATIONAL CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
We report on the financial statements of Whitehead Con(vregational Church for the }ear ended 31, Decen]ber 2024, Ivhich are set out on page I to 5 Respectii'e responsibilities of trustees and independent examiner: The Charity's Irustees are responsible for Ihe preparaTion of the financial statements. The trustees consider thai an audit is not required for this vear under section 62(2) of the Charities Act (Northern Ireland) 2008 and that an independent examinauon is needed. It is our responsibiliry io exaiiiine the financial statemenls under section 65 of the Charities Act {S'orthern Ireland) 2008. to follo. the procedures laid dO.n In the tseneral direction oiiycn by thc Chanty ComTnissioii for Northern Ireland under section 65(91(b) of the Chanties Act (Northern Ireland) 2008. to State wheiher parliculars matiers have come to my aiteniion. Basis of the Independent eyaminer's statement Our exaniination .#8 carried in accoidance iviih Ihe general directions qii-en by the Charities Comniission for Northern Ireland. An exaillination Includes a revie. of the accouniin(¥ records kepl by Ihe charity and a compai'ison of the Financial Sialenients preseiited Ni'ith those records. It also includes consideration of any unusual items or d15closures In ihe accouDls-, and seekin(F explanaiions frown you as trnstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion 15 given as to 'he[her the financial statements preseni a ""true and fair" and the report is limited to those matlers set out in the next statcnicnt. Independent examiner's statement In connection with our examination, no matter h&% come to our attention. l ) which giN'es us reasonable cause lo believe (hai in any maierial respect the requirements.. 10 kept accouniing reLords in accordance '1th section 63 of ihe ch£11]C Act _ to prepare financial statemenis ii-.hich accord iviih Ihe accounting Tecorits and comply with the accounting requirements of the Charities Act 2008. have not been met or 2) to which, in our opinion. aiteniion should be dram'n in order to enablc a proper understanding of ihe financial statements to be reached lan Murraj, For and on behalf of lan Murray & C.n Lid. Chartered Certified AccollntanLS 27 Joymounl, Carrickfei(Fus: BT38 7DN th Dated: 17 Juli, 2025
Whitehead Con ational Church Financial statements for the ear ended 31st December 2024 re Recei ts and Pa ments Account for the ear ended 31st December 2024 Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Recei ts Voluntary giving Gift Aid Donations and Bequests Other Income Investment Income 21.553 1.125 22,678 21,312 580 4,056 4,636 2,535 7.592 7,592 880 29,725 5.181 34,906 24,726 Pa ments Cost of Fundraising Charitable Activities Governance Costs 48,155 5,181 53,336 27,832 48,155 5,181 53,336 27,832 Before transfers between funds 118.4301 118,4301 13,1061 Transfers between Funds Neto eratin Sur lus Deficit (18,430) (18,430) 13,1061 The reconciliation of the receipts and payments shown above to the total f unds of the Church is disclosed on the following page
Whitehead Con ational Church Financial statements for the ear ended 31st December 2024 re Statement of Assets & Liabilities Reconciliation of Receipts and Payrnents Account Unrestrirted Restrirted Endowment Funds Funds Funds Total Total 2024 2023 Opening Funds at beginning of year Surplu511 Deficit) for the year 203,971 118,4301 185,541 203.971 118,4301 185,541 207,077 13,1061 203,971 Closing Funds at end of year 185,541 185,541 203,971 Held as followings: Bank Current Account No. I Term Deposit Cash in hand 33.724 151,817 33,724 151,817 59,601 144,370 185.541 185,541 203,971 Non-monetary Assets {not included above} Unrestricted Restricted Endowment Funds Funds Funds 2,798,321 2,798,321 Total 2024 Total 2023 2,798,321 2,798,321 2,798,321 2.798,321 Church, Halls & Contents The trustees are of the opinion that given that the age of the Church buildings & Other property that the most appropriate ba51s of valuation Is the I nsurance 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 10th July 2025 and signed on their behalf by:" Trustee - David Stevenson Trustee - Ernest R D Clarke 'iJi 4JITIY
Whitehead Con ational Church Financial statements for the ear ended 31st December 2024 re Notes to the Accounts Basis of Accountin under Recei ts&Pa Revenue that the Charity is entitled to is recorded when received. expenditure that the Charity Incurred is recorded when paid. ments Pur ose and nature of funds General unrestricted nd .. These are funds that have been received carryino no restriction on their use and are put to purpose at the discretion of the trustees In furtherance of the objects of the Charit!. The followin? designated funds are held within the general unrestricted funds, these discietionary ndS are set aside by the Trustees for a specific purpose". Restricted funds= are funds subject to specific irusts. w'hich are declared bv the donor(s) aThd are expendable by the IrLiStees in furtheiance of some pariicular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) Imposed by those from ..hoM the funds are obtained. Resources received bul not yel expended at the end of the financial year are retained as a reserve. Endowmcnt nds". here there is no po,er 10 convert the capital inio income. Is known as a permanent endomnent fund and the capital 1S norn)ally held indefiniiely Where trustees hai'e ihe power lo convert endowment funds into income, such funds are known as e%pendable endowments. Any funds held under thi.q claqsification by the Charity are pernianent. Trustee benefits in total 2024 2023 Remuneration 17,100 15,000 Reimbursed expenses 1,519 As explained in the Trustees Report. the only private benefii flowing from our purpose in relalion lo the trLlStees is to those in paid employment '1th1n our conoregation who receiNe benefits as a result of their holding office or cmploymeni. Howcvcr, IhTS is incidcntal and necessary in order to fvriher our charitable purpose. There are no other prii'ate benefits.
Whitehead Con ational Church Financial statements for the ear ended 31st December 2024 re RECEIPTS Unrestricted Restricted Endowment Funds Funds Funds Totsl 2024 Total 2023 Volunta Givin Freewill Envelopes Plate Collection (Sunday Services) Building fund 18,345 3.001 207 18,345 3,001 1,332 18,510 1.677 1.125 1.125 21.553 1.125 22,678 21.312 Gift Aid received Donations & Be uests Donations for Charities Donations for Church 4,056 4,056 580 4,636 2,135 400 580 580 4,056 2,535 Other Income Investment Income Bank Interest Investment Income 145 7,447 7.592 145 161 718 880 7,447 7,592 eratin Recei ts 29,725 5.181 34,906 24,726
Whitehead Con ational Church Financial statements for the ear ended 31st December 2024 re PAYMENTS Unrestricted Restricted Endowment Funds Funds Funds Total 2024 Total 2023 Charitable Activities Ministry and support staff costs Organist Pulpit Supply Pastorial Duties expenses Heat & Light Insurance Water rates WFO Envelopes General Repairs New Kitchen Electricial Work Donations to Congregational Union Donations to Others General Brighter Whitehead RAF Association 17,100 1,090 580 1,519 1,783 2,963 225 165 17,100 1,090 580 15,000 1,070 540 1,519 1,783 2,963 225 165 1,147 2,798 220 151 344 1,125 1.469 16,194 5.580 310 3,888 16.194 5,580 310 350 4,056 4.056 102 loo loo 2,135 533 102 loo loo 48,155 5,181 53,336 27,832 Governance Cost Examiners Fee eratin ments 48.155 5.181 53,336 27.832
Whitehead Con ational Church Financial statements for the ear ended 31st December 2024 re Statement of Assets & Liabilities Reconciliation of Receipts and Payments Account Unrestricted Restrtcted Endowment Funds Funds Funds Total 2024 Total 2023 Opening Funds at beginning of year Surplus/ l Deficit) for the year 203,971 118.4301 185,541 203,971 118,4301 185,541 207,077 13,1061 203,971 Closing Funds at end of year 185,541 185,541 203,971 Held as followings: Bank Current Account No. I 33,724 151,817 33,724 151,817 59,601 144,370 Term Deposit Cash in hand 185,541 185,541 203,971 Non-monetary Assets {not included above) Unrestricted Restricted Endowment Funds Funds Funds 2,798,321 2.798,321 Total Total 2024 2023 2,798,321 2,798,321 2,798,321 2,798,321 Church, Halls & Contents 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 10th July 2025 and signed on their behalf by:" Trustee - David Stevenson Trustee - Ernest R D Clarke