Church Accounts
Receipts and Payments Accounts for churches
This is a simplified form of accounting which summarises the money received and paid out during the financial year. The final balance shows how much money your charity has at the end of the year.
The Charity Commission provides straightforward forms for charities who wish to use them as a format for their accounts. If you present receipts and payments accounts, you must also provide a statement listing assets and liabilities at the end of the year. This includes the value of Investments and Deposits held by the Congregational Federation Limited. This shows debtors (money owed to the charity), creditors (money which the charity owes to others) and assets (the value of equipment, land and buildings).
Contact us for assistance in compiling your annual accounts.
Further information from the Federation’s website.
Independent Examination
An independent examination must be carried out by someone who you and the other trustees believe is:
- able to carry out a competent examination of your charity’s accounts
- independent from your charity
- not influenced by personal relationships to trustees
- not involved in the daily administration of your charity
- not influenced by personal relationships to trustees
- not involved in the daily administration of your charity
Church Investments & Deposits
The company administers funds on behalf of Congregational churches throughout the country. The records for these assets are kept separate from those of the company and are subject to independent scrutiny. Churches holding investments and/or deposits with the Congregational Federation Limited are required to send a copy of their latest Annual Accounts within 10 months of their financial year end.
