Mudgeway Community Church Trust Annual Report and Unaudited Financial Statements st Year Ended 31 December 2024 Charity Number: 1097662
Mudgeway Community Church Trust l)fficers and Professional Advisors For the Year Ended 3151 December 2024 Trustees: Mr A George Mr A Hockings Mr M Woolf Mrs A Priestly Ministers: Rev N Collins Rev L Collins Bankers: Lloyds PLC Ivybridge Devon PL219AD Independent Examiner., Mike Davies Associates 14 Pound Park Okehampton Devon EX20 ISX Charity's Full Name: Mudgeway Comrnunity Church Trust (Church Name.. Living Well Church) Charity Registration Number: 1097662 Principal Address: Living Well Church Corner Dark Street Lane Mudgeway Plympton Plymouth PL7 2PS
Mudgeway Community Church Trust For the Year Ended 31" December 2024 The Trustees present their report along with the financial statements of the cha rity for the 5t year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statement5 and comply with th the eharity'5 trust deed ladopted on 9 April 20031, and the Charities Act 2011. The Charity is administered by a Board of Trustees that is made up of at least three trustee5. The trustees are appointed by a resolution pos5ed by a simple majority at a special meeting of the trust. Ministers are accoLtntable to the trustees on the chariws activity and business. Aims and Objertives The Charity's aims and objectives were established as set out in its Declaration of Trust, th adopted on 9 April 2003 are.. to promote the advancement of the Christian faith,. the relief of persons who are in conditions of need, hardship or distress or who are aged or sick, primarily in Plymouth and its surrounding area but extending nationally and internationally where deemed appropriate by the Trustees. Revlew of Progress and Achlevements 2024 saw a continuation of the trustees with no additions and no resignations. The charity continued in its furthera nce of running the day to day activities of the Living Well Church. Review of Financial Activities and Affatrs Receipts have increased by £10,443. Total receipts during the year amount to £96,177 with total expenditure amounting to £85,734 Investment Policy There are no restrictions on the charity's power to invest. The investment strategy is set by the trustees taking into account recent demands for funds and the need to reseNe SLfftieient funds to cover future maintenance and running costs. Reserves Policy It is the policy of the trustees to maintain unrestricted funds, whieh are free reserves of the charity, at a level that equals at least six month's unrestricted expenditure. This provides sufficient fund5 to cover managements, administration and support Costs. Approval: The trustees annual report was approved by the trustees on and signed on their behalf by: P2 Mudgeway Community Church Trust Independent Examiner's Report For the Year Ended 31 Decernber 2024
st I report on the financial statements of the charity for the year ended 31 December 2024, which are set out in these pages. RÈspective Responslbilities of Trustees and ExamSner The charivs trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for the year under Section 144121 of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed.. It is my responsibility to.. Examine the accounts under Sectlon 145 of the 2011 Act.. To follow the procedures laid down in the General Direction5 given by the Charitv Commission (under section 14515llb) of the 2011 Act.. To state whether particular matters have come to my attention. Basls of Independent Examlner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the aecounting records kept by the charity and a compa rison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning èny suth 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 set out and limited to those matters set out in the statement bellows: In Connection with my examination, no matter has come to my attention: 11) Which gives me reasonable cause to believe that in any material respect requirements To keep accounting records in accordance with Section 130 of the 2011 Act; and To provide financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met,. or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Mike Davies- Accountant Mike Davles Associates, 14 Pound Park, Okehampton, EX20 ISX Mudgeway Community Church Trust Receipts and Payments Account
For the Financial Year Ended 31 December 2024 Receipts Generul Restrkted Fund Fund Total 2024 Tt)tal 2023 Gift Aid Giving Offerings Tax Repayment Donations, Missions and sundry Income Church Hire, rent and other income Bank interest received Total 80,370 768 14,769 80,370 768 14,769 75,665 1,591 10,861 34,284 270 195 96,177 122.596 270 96,177 Payments Equipment and renewals Missions and training Fusion Bank charges COTN Cluster General expenses Gifts and grants Salaries Rent, rate5 and irssurances Heat, Light and Power Travel, entertain, socials Office costs Premises expenses Professional fees Total 400 120 400 120 733 1,320 iio 600 2,809 8,235 56,756 10,836 2,626 iio 90 600 5,100 2,809 8,924 8,235 7,626 56,756 56,558 10,836 9,381 2,626 1,605 734 1,095 1,053 85,374 734 734 1,095 38,005 1,053 1,123 85,374 131,199 Governance costs Independent Examinerfs Fee TOTAL 360 85.734 360 360 85,734 131,559 Net {payments) / recelpts 10,443 10,443 18,963) Bank Balances ank balances at I" January 2024 Add increase in year Bank balance as at 31" December 2024 24,078 10,443 34,521 33,041 18,9631 24,078
Mudgeway Communlty Church Trust For the Year Ended 31" December 2024 Balance Sheet 2024 2023 Flxed Assets Tangible assets Current Assets Debtors Cash at Bank 401,565 401,565 639 632 35,165 22,378 Credltors: amounts falling due wlthin one Year Net current assets {liablllties) Total assets less current liabilities 591 602 34,574 436,139 21,776 423,341 Creditors.. amounts falling due after one year Net Assets 436,139 423.341 Funds ofthe Charty Unrestricted 436,139 423,341
Mudgeway Community Church Trust For the Year Ended 31° December 2024 Notes to the Financial Statements l. Accounting Policies Basis of preparation The financial statements have been prepared on the receipts and payments basis under the historieal cost convention, in accordance with the applicable Accounting Standards and the Charities Act 2011. b. General fund The general fund 15 unrestricted consisting of income which the Charity may use for its purposes at is dIS¢tIOn 2. Transaction5 Wlth Trustees During the year £nil12024: £nill was paid to the trustees in respect of reimbursed expenses in connection with the management and administration of the charity. The were no transactions with the trustees of the charity. 3. Independent Examiner: A cost of £360 was paid to or charged by the Independent Examiner,