Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B Company registration number.. 07286282 Charity registration number". 1136824 MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023 HPH Chartered Accounlanls Conyngham Hall Business Centre Bond End KNARESBOROUGH HG5 9AY
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guaranleel CONTENTS Page Reference and Administrative Details Trustees, Report 2to4 Independent Examinerfs Report Slalement of Financial Activilies Balance Sheet Slalement of Cash Flows Notes to the Financial Slalements 9t017
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS Charity name Mowbray Communty Church Charity registration number 1136824 Company registration number 07286282 Regi$tered offi¢e Westmoreland House Westmoreland Street HARROGATE North Yorkshire HG1 SAT Trustees D. Collett S. Jamieson {Chairl resigned 1 September 2023 M. P. Wood (Treasurer) M Harrison Elder$ D. Collett M. P. Wood M Harrison M. Wingrave T. Fournier Independent Examiner Sarah Wearing, FCA, DChA HPH Chartered A¢¢ounlant$ Conyngham Hall Business Centre Bond End KNARESBOROUGH North Yorkshire HG5 9AY
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, REPORT The Trustees of Mowbray Community Church are directors for the purposes of company law and trustees for the purposes of charity law (hereinafter referred to as'the Trustees'}. The Trustees present their report and accounts for Mowbray Community Church for the period 1 April 2022 to 31 March 2023. GOVERNING DOCUMENT Mayfield Community Church was incorporated as a company limited by guarantee on 16 June 2010, company number 07286282, and received charitable status on 12 July 2010, charity number 1136824. The company's name was changed from Mayfield Community Church to Mowbray Community Church (the Charity) on 19 September 2011. The governing document of the Charity is the Memorandum and Articles ofAssociation dated 16 June 2010. LEGAL AND ADMINISTRATIVE INFORMATION This information is presented in pages 1 of the accounts. OBJECTS OF THE CHARITY The objects are the advancement of the Christian faith and the worship of God in the United Kingdom and overseas by any means whatsoever and such other Charitable purposes as shall further the attainment of this object. APPOINTMENT OF TRUSTEES A person may be appointed to the trusteeship by a resolution passed by the elders of MCC. The Trustees, when complete, consist of at least five and not more than twelve individuals of whom at least fivé must be elder-trustees and up to two may be none elders. ORGANISATIONAL STRUCTURE The Charity is managed by a Senior Leadership Team assisted by a Ministry and Operations team of elders and deacons. The Senior Leadership Team is responsible for the principles, diredion, and oversight of the church while the Ministry and Operations Team are responsible for operational matters. Remuneration ofthe charity's key management personnel is set by the Directors and CPI is used as a guide. The Charity does not have a paid Fundraiser and there are no targeted fundraising initiatives. Fundraising activity is mainly ihrough individual gifts. REVIEW OF ACTIVITIES DURING THE PERIOD The Charity continued its core activities in pursuit of its objectives and has continued to see more individuals coming into membership. During the period the full time Pastor left and MCC entered a period of an intérregnum during thè search for a suitable replacement.
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, REPORT FUTURE PLANS As the MCC seeks to appoint a new Pastor the Vision and Strategy will be refreshed to ensure that MCC is equipped to continue to fulfil its objectives into the future. PUBLIC BENEFIT Public benefit is provided through the teaching of the Christian faith, mentoring of adults and children and engagement in the services highlighled above. In addition to the spiritual and eternal benefil of such teaching and mentoring, the core principles at the heart of the Christian faith should, when implemented. lead to conslructive and progressive engagement of those mentored with the wider community. We have referred to the public benefit guidance contained in the Charity Commission's general guidance on public benefit when reviewing our objectives and in planning our future activities. The aims of Mowbray Community Church are undertaken specifically to ensure the charitable objects meet the public benefit requirement and the Charities Act 2011. VOLUNTEERS The Church also benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with Charities SORP, the economic contribution of general volunteers is not recognised in the accounts. FINANCIAL REVIEW Financial support for the activities that help the Charity achieve ils objects continues to be drawn almost exclusively from voluntary donalions by members of Mowbray Community Church, including Gift Aid which is added lo eligible gifts. Donations have been given at considerable personal sacrifice and the Trustees are fimily of the view Ihat voluntary donations will continue to meel the Charity's on-going requirements. Financial issues are not the major regulator of the Charity's activities and the Trustees are determined to continue to develop the work of the Charity consistent with its objects and may at times, in failh, go ahead of the apparent financial resources. Although, at times, this approach is likely to stretch the resourrks and Commitmenl of the Church members, this is not considered to be imprudent. Currenlly we support a number of part-time staff including a CAP Centre Manager, CAP Debt Coach, Youth Worker, Children's Worker, and support staff as well as cleaning staff. We have a vision for increasing our activities anticipating ongoing generous support financially by our members, who share the ambition, to achieve our goals. This is all part of our ambition to raise our profile, improve our pastoral ministry and widen our influence in Harrogate driven by our determination to advance The Failh locally. RESERVES POLICY The Charity seeks to maintain cash reserves of at least £25,000 which represents approximately four weeks, expenditure. It also recognises that from time to time this amount will not necessarily be identifiable but is confident that the nature of its membership is such that this amount could be madè available should extreme circuMstanS ever demand such. At the year end the free reserves of the Charity were £52,82612022- £47,269).
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, REPORT The total funds held by the charity at 31 March 2023 was £1,102,142 {2022 - £1,120,184) Restricted funds totalled £1,25012022 - £5,703) and designated funds totalled £1,048,06612022 - £1,067,212) which equals the propety net book value after deducting the charity bank loan secured against it. RISK POLICY The Trustees have intrOdUd a formal risk management process to assess risks lo the Charity and implement risk management strategies. This involves identifying the major strategic, business, and operational risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence and identifying means of mitigating the risks. This is an on-going process, with the risk register being updated on a regular basis. The Trustees believe the largest risk facing the Charity to be the risk of loss of the premises due to fire or accident. This risk is mitigated by an Insuran policy. TRUSTEES, RESPONSIBILITIES The Trustees are responsible for their annual report and for the preparation of the financial statements for each financial period which give a true and fair view of the state of affairs of the Charitable Company as al Ihe end of the financial period, and of the incoming resources and application of them for that period. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and apply them consistently- make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going-concern basis unless it is inappropriate to assume that the Charity will continue on that ba518', observe the methods and principles in the applicable Charities SORP,. and state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements. The Trustees are responsible for keeping proper accounting records which are sufficient to show and explain the Charitable Company's transactions and to disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that any statements of account comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each Trustee has taken the steps they ought to have taken as a Trustee in order to make themselves aware of any relevant information and to establish that the Charity's Independent Examiner is aware of that information. The Trustees confirm that there is no relevant information that they know of and which they know the Independent Examiner is unaware of. This report has been prepared in accordance with the small companies, regime under the Companies Act 2006. Approved by the Board and signed on its behalf by.. Matt Wood, Trustee Date.. 21 December 2023
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOWBRAY COMMUNITY CHURCH I report to the Charity trustees on my examination of the a¢¢ounts of the Company for the year ended 31 March 2023, which are set out on pages 6 to 17. This report is made solely to the Charitable Company's Irustees, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006 and the Charitable Company's trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might slate to the Charitable Company's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company, the Charitable Company's members as a body and the Charitable Company's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the Charity's Trustees of the Company (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examinerfs statement Since Ihe Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me ¢ause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. YL (IJwi¥ HPH, Chartered Accountants Conyngham Hall Business Centre Bond End KNARESBOROUGH HG5 9AY Sarah Wearing, FCA, DChA 21 Dember 2023
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guaranleel STATEMENT OF FINANCIAL ACTIVITIES {INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2023 Unrestricted Restricted funds funds Total 2023 Total 2022 Noto INCOME Donations 272,220 31,334 303,554 276,505 Other trading o¢tivitie$ Fundraising Rent Received (Xher 2,931 2,600 26 2,931 2,600 26 2,468 240 400 TOTAL INCOME 277,777 31,334 309,111 279,613 EXPENDITURE Charitable activities 289,139 38,014 327,153 291,017 TOTAL EXPENDITURE 289,139 38,014 327,153 291,017 Net expenditure 111,3621 16,6801 {18,042} 111,4041 Transfers between funds 11 12,2271 2,227 Net movement in funds 113,5891 14,4531 {18,042) 111,4041 Reconciliation of funds Total funds brought forward 1,114,481 5,703 1,120,184 1,131,588 Total funds carried forward 12 £ 1,100,892 £ 1,250 £ 1,102,142 £ 1,120,184 All activities derive from continuing operations. The notes on pages 9 10 17 form part ofthe accounts.
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2023 Company registration number: 07286282 2023 2022 FIXED ASSETS Tangible Assets 1,389,675 1,427,516 CURRENT ASSETS Deblors Cash at bank and in hand 26,001 33,943 14,870 44,078 14 59,944 58,948 LIABILITIES Creditors.. amounts falling due wilhin one year 126,1301 {23,5761 NET CURRENT ASSETS 33,814 35,372 TOTAL ASSETS LESS CURRENT LIABILITIES 1,423,489 1,462,888 LIABILITIES.. amounts falling due after more than one year 10 1321,3471 1342,7041 TOTAL NET ASSETS £ 1,102,142 £ 1,120,184 THE FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds Designated Funds Undesignaled Funds 11 1,250 5,703 11 11 1,048,066 52,826 1,067,212 47,269 TOTAL FUNDS £ 1,102,142 £ 1,120,184 For the financial year ended 31 March 2023, the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The Members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476. The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements have been prepared in a¢¢ordance wilh the special provisions of Part Vll of the Companies Acl 2006 relating to small companies. The notes on pages 9 to 17 form part ofthe accounts. These financial statements were approved by the trustees on 21 December 2023 and signed on its behalf by.. M. Wood - Director and Trustee
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Net cash provided by operating activitie$ (Note 131 28,012 35,740 Cash flows from investing activities Purchase of property, plant and equipment Net cash provided by investing activities Cash flovts from financing activities Repayments of borrowings 138,1471 {33,6231 138,1471 133,6231 Change in cash and cash equivalents in the year Cash and cash equivalents al beginning of the year 110,1351 2,117 44,078 41,961 Ca$h and ¢ash equivalents at end of the year {Note 14) £ 33,943 £ 44,078 The notes on pages 9 to 17 form part ofthe accounts.
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guaranleel NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 GENERAL INFORMATION The Charrtable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales Ino.07286282}. The address of its registered office is Westmoreland House, Weslmoreland Street, Harrogate, HG1 SAT. Trustees guarantee to pay up lo £1 of costs and liabilities incurred, if the Charity were lo be dissolved. ACCOUNTING POLICIES 2.1 Basis of preparation of accounts The financial 8t8tements have been prepared in accord8n¢e with Accounting and Reporting by Charities.. Slalemenl of Recommended Praclice applicable to charities preparing their a¢¢ounls in a¢cordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019) (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. In preparing the accounts, the trustees have considered whether in apptying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. There were no material adjustments to the comparative figures. Mowbray Community Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. 2.2 Going Concern policy The Trustees have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. For long lem finance they rely on loans provided by the members of the congregation and a bank loan, disclosed in notes 6 and 10. They continue to adopt the going concern basis of accounting in preparing the annual financial slalements. 2.3 Fund accounting The Trustees have a defined policy for identification of different types of income.. a) Designated funds are unrestricted funds set aside at the discretion of the Trustees. for specific purposes. b) Reslricled funds are those donated for use in a particular area or for specific purposes, the use of which is restricted lo that area or purpose. cl Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of the objectives of Ihe charitable company. Further details of each fund are disclosed in note 11. 2.4 Financial In$truments The Charity only has financial assets and financial liabilities of 8 kind that qualify as basic financial instruments. Basic financial inslruments are initially recognised al transaclion value and subsequently measured at their seltlement value.
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Icontinuedl 2.5 Income All income is recognised in the statement of financial activities when the conditions for receipt have been met and there is reasonable assurance of receipt. Except for the following.. Donations are recognised where there is enlillement, certainty of receipt and the amount can be measured with sufficient reliabilrty. Income from lax reclaims are included in the slalement of financial activities at the same time as the gift which they relate. Investment income is recognised on a receivable basis. 2.6 Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis. Costs are allocated on the following basis.. Cost of generating funds Charitable activities Support costs actual cost basis. actual cost basis except for those included in support costs. allocated to charitable activities on an equal basis. 2.7 Tangible fixed assets and depreciation Fixed assets for use by the Charity are capitalised at cost, for rtems above £2,000. Donated assets are valued at market value on donation. They are stated in the accounts at cosuoriginal value less depreciation. Depreciation is calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Land and buildings 50 year straight line basis Fixtures, fittings and equipment 10 year straight line basis 2.8 Debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturity of three months or less from the date of opening. 2.10 CreditoryJ and provisions Creditors and provisions are recognised where Ihe Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2.11 Pension costs The Charitable Company operates a defined contribution pension scheme and pays into personal pension plans. Contributions are charged in the Slalement of Financial Activities as they become payable in accordance with the rules of the scheme. 10
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH {A company limited by guarantee} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 3 DONATIONS Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Appeals and donations Grant income Gift Aid tax reclaimed 241,411 24,634 6,700 266,045 6,700 30,809 235,986 2,000 38,519 30,809 £ 272,220 £ 31,334 £ 303,554 £ 276,505 In 2022 £7,488 of donations were restricted. 4 TOTAL STAFF COSTS 2023 2022 Wages and Salaries Social Security Costs Employer Pension Contributions Other Employment Costs 117,780 2,958 3,130 365 123,519 3,930 3,882 381 £ 124,233 £ 131,712 No employee earned £60,000 per annum or more in the year. Number of employees The average number of employees during the year were.. 2023 2022 Charitable activities 10 10 The number of employees on the payroll as at March 2023 was 1012022 - 101. Two members of the leadshership team were on Ihe payroll during and therefore included as key management personnel. 2023 2022 Total emoluments paid to the key management personnel £ 59,784 £ 69,723 5 TRUSTEES. REMUNERATION AND EXPENSES During the year no remuneration or other reimbursed expenses were paid to the trustees {2022 £nill. There were no other related party transactions during the year. 11
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF EXPENDITURE Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 6.1 Charilable activities Youth ministries Community work Missionary Teaching and Evangelism Employment costs Depreciation of freehold property Depreciation of fixtures and fittings Support costs 14,568 12,830 42,827 2,694 124,233 36,078 1,513 54,396 9,375 13,369 14,770 250 23,943 26,199 57,597 2,944 124,233 36,078 1,763 54,396 7,146 21,586 46,826 850 131,712 36,078 2,933 43,886 250 £ 289,139 £ 38,014 £ 327,153 £ 291,017 In 2022 £6,041 of Charitiable Activities were restricted. 6.2 Support ¢o$t$ Rates Light, heat and power Insurance Repairs and renewals Telephone and fax Office expenses Printing, postage and stationery Accountancy fees Legal and professional fees Bank charges and interest Loan interest 859 7,199 727 10,911 2,989 1,420 1,929 5,071 3,414 175 19,702 859 7,199 727 10,911 2,989 1,420 1,929 5,071 3,414 175 19,702 411 4,810 2,878 12,882 2,811 91 2,732 4,272 1,617 143 11,239 £ 54,396 £ 54,396 £ 43,886 In 2022 £nil of support costs were restricted. Accountancy fees includes.. Independent examination Statutory accounts preparation Payroll administration costs 1,500 2,150 1,421 1,320 1,847 1,105 £ 5,071 £ 4,272 12
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limiled by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 TANGIBLE FIXED ASSETS Land & Fixtures, fittings buildings & equipment Totsl Cost At 1 April 2022 Additions 1,803,877 164,950 1,968,827 At 31 March 2023 1,803,877 164,950 1,968,827 Depreciation Al 1 April 2022 Charge for year 385,594 36,078 155,717 1,763 541,311 37,841 At 31 March 2023 421,672 157,480 579,152 Net Book Amounts At 31 March 2023 £ 1,382,205 £ 7,470 £ 1,389,675 At 31 March 2022 £ 1,418,283 £ 9,233 £ 1,427,516 2023 2022 DEBTORS Trade debtors Prepayments and accrued income Gift Aid Other debtors 400 3,463 9,418 1,989 22,557 £ 26,001 £ 14,870 13
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH {A company limited by guarantee} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 9 LIABILITIES: Amounts falling due within one year Bank loans and overdrafts Social security and other taxes Accruals Pension 20,915 1,570 3,645 18,003 4,875 698 £ 26,130 £ 23,576 2023 2022 10 LIABILITIES: Amounts falling due after more than one year Bank loans and overdrafts 321,347 342,704 £ 321,347 £ 342,704 After more than five years by inslalments 228,251 266,698 £ 228,251 £ 266,698 Bank loans and overdrafts Within one year Within Iwo lo five years After more than five years 20,915 93,096 228,251 18,003 76,006 266,698 £ 342,262 £ 360,707 The total bank loan of £342,262 {2022 - £360,707) is secured on the property, Westmoreland House. The loan represents 23Q/o12022 _ 250/0) of the value of the propety against which il is charged. 14
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 11 FUNDS Balance at 1 April 2022 Income Expenditure Transfers Balance at 31 March 2023 Restricted Funds Mission Partners- Christmas gifts Life Skills Evangelism Trailer Youth Minislies Events Community Oulreach Events Overseas Mission Aid Fellowship Fund 3,740 6,700 14,7171 110,9031 12501 12,0291 12,4661 110,3041 17,3451 977 4,203 1,500 1,250 1,215 2,030 10,304 7,345 814 436 5,703 31,334 138,0141 2,227 1,250 unstrICted Funds Designated Property Fund Billboard campaign 1,065,309 1,903 157,2931 38,147 1,046,163 1,903 1,067,212 157,2931 38,147 1,048,066 Undesignated Free resetves 47,269 277,777 1231,8461 {40,374} 52,826 Total Unrestricted Funds 1,114,481 277,777 1289,1391 {2,227} 1,100,892 Total Funds £ 1,120,184 £309,111 £1327,1531 £ 1,102,142 Balance at 1 April 2021 Income Expenditure Transfers Balance at 31 March 2022 Restricted Funds Missionaries - Christma$ gifts Life Skills Evangelism Trailer Youth Minislies Events Community Outreach Event$ 2,440 2,000 12,4401 13031 12501 16951 12,3531 2,506 1,750 4,203 1,500 695 2,353 4,256 7,488 16,0411 5,703 Unrestricted Funds Designated Property Fund Billboard campaign 1,080,936 1,903 150,0001 34,373 1,065,309 1,903 1,082,839 150,0001 34,373 1,067,212 Undesignated Free reseTves 44,493 272,125 1234,9761 {34,373} 47,269 Total Unrestricted Funds 1,127,332 272,125 1284,9761 1,114,481 Total Funds £ 1,131,588 £ 279,613 £1291,0171 £ 1,120,184 The transfers in the year represent unrestricted income being used to support restricted and designated projects or monies allocated by trustees for specific dfiggnaled purposes.
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH {A company limited by guarantee} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 11 FUNDS {continuedl Designated Funds The Propety Fund represents the net book value of the Church and integral fixtures and fittings, which are held to enable the Charitable Company lo achieve its charitable objects, less loans against these assets. Billboard Fund represents monies received for a advertising campaign in the local area. Restricted Funds The Missionary Christmas fund represents monies donated by members to our Mission Partners at Christmas time. The Life Skills fund is monies received towards this particular ministry within Christians Against Poverty. Youth Minilries Events represents income received for various youth evenls which took place during Ihe year. Cummunity Outreach Events represenls income received for various events and inrtiatives which included members from the wider community. The Evangelism Trailer fund was money received for a trailer, which has been included in fixed assets and depreciated in the year. Overseas Mission Aid represents monies for foreign appeals including Ukraine and Turkey. Fellowship Fund represents gifts received for discretionary distribution to congregants facing severe hardship. 12 NET ASSETS BY FUND Undesignated Funds Designated Funds Restricted Funds Total Funds CUrnt year Tangible Fixed Assets Current Assets Current Liabilities Longterm Liabilities 1,388,425 1,903 {20,915} {321,3471 1,250 1,389,675 59,944 126,1301 1321,3471 58,041 15,2151 At 31 March 2023 £ 52,826 £ 1,048,066 £1,250 £ 1,102,142 Undesignated Designated Funds Funds Restricted Funds Total Fund$ Comparative year Tangible Fixed Assets Current Assels Current Liabilities Longlerm Liabilities 1,426,016 1,903 {18,0031 {342,7041 1,500 4,203 1,427,516 58,948 123,5761 1342,7041 52,842 15,5731 Al 31 March 2022 £ 47,269 £ 1,067,212 £ 5,703 £ 1,120,184 16
Docusign En¥ÈlopÈ ID". 3F33DB3C-5811-462F-gEA8-AD8484EOF98B MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 13 RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES 2023 2022 Net expenditure for the reporting period Adjustments for.. Loan interest Depreciation charges Increase in trade and other debtors Decrease in Irade and other creditors 118,0421 111,4041 19,702 37,841 111,1311 13581 11,239 39,011 13001 12,8061 Net ¢ash provided by operating activities £ 28,012 £ 35,740 14 ANALYSIS OF CASH AND CASH EQUIVALENTS Cash in hand 33,943 44,078 Total cash and cash equivalents £ 33,943 £ 44,078 15 ANALYSIS OF CHANGES IN NET DEBT At the start of year Cash-flows At end of year Cash Loans falling due within one year Loans falling due after more than one year 44,078 118,0031 {342,7041 110,1351 12,9121 21,357 33,943 120,9151 1321,3471 £1316,6291 £8,310 £1308,3191 17