Company regislr*ion nurnber 07286282 Charity registration number 1136824 Mowbray Community Church IA company limited by guarantee) Annual Report and Financial Statements For the year ended 31 March 2026
Mowbray Community Church IA company limited by guarantee) CONTENTS Page Reference and Administration Details Trustees, Report 2105 Independent Examiner's Report Statement of Financial Activities Balancè Sheèt Statement of Cash Flows Notes to the Finan¢ial Slalements 1(k18
Mowbray Community Church IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS Charity name Mowbray Community Church Charity registration number 1136824 Company registration number 07286282 Registered office Weslmoreland House Westmoreland Street Harrogate HG1 SAT Trustees RAllen (appointed 19.1.261 B Coffman lappointed 19.1.261 D Collet (resigned 16.12.251 G Roberts Ichairl R Rushmer M Wingiave Iiesigned 19.1.261 M Wood (Treasurerl Safeguarding officer M Imngrave Independent Examiner Sarah Wearing FCA, DChA HPH Chartered Accounlants Conyngham Hall Business Park Bond End Knaresborough HG5 9AY
MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES, REPORT The Trustees of Mowbray Community Church are directors for the purposes of company law and trustees for the purposes of charity law Ihereinafter referred to as'the Trustees l. The Trustees present their report and accounts for Mowbray Community Church for the year 1 April 2025 to 31 March 2026. 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 of Association 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 altainmenl of this object. APPOINTMENT OF TRUSTEES A person may be appointed lo the trusteeship by a resolution passed by the elders of MCC followed by a period of consultation with the church members. The Trustees, when complete, consist of at least five and not more than Iwelve individuals of whom al least five musl be elder-trustees and up lo may be non-elders. New trustees are provided with an induction pack providing key information specific to the Charity along with generic information produced by the Charities Commission on the requirements and responsibilities of being a charity trustee.. specific training is also offered lo all new trustees. ORGANISATIONAL STRUCTURE During the year, the Charity reslruclured Ils management and oversight. The Charity is now managed by a Senior Leadership Team assisted by a Ministry team and a Facilities & Operations team. The Trustees and Elders together constitute the Senior Leadership Team the Trustees remain responsible for setting the charity's strategic aims and direction and agreeing appropriate future plans. Elders of the church provide pastoral care and spiritual leadership. The Ministry team and Facilities & Operations team are responsible for operational outworking on behalf of both the Trustees and Elders. Remuneration of the charity's key management personnel is set by the Trustees and CPI is used as a guide. The Charity d$ not have a paid Fundraiser and there are no largeled fundraising Initiatives. Fundraising activity Is mainly through individual gifts. REVIEW OF AcTIVlEs DURING THE PERIOD A full time Pastor was recruited at the start of the year, along with a part-lime Children Ministry lead, 8 full lime Youth Ministry lead and full time Head of Operations al various points during the year. This
MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES, REPORT has resulted in the steady development and enhancement to all areas of our activities during this period. During the period under review, we have been delighted to see a steady flow of new people and families joining the church. It has been our privilege to host two Alpha courses throughout the year and through this and other outreach initiab'ves we have seen had a positive response which means more people coming to know Christ of which some have now been water baptised. Our community outreach initiatives continue lo attract individuals to our building. Our ever-popular Tots and Toys weekly sessions regularly attract over 50 children along with mothers and child-carers. Our Easter and Christmas celebrations allracled capacity allendan¢es, and we were encouraged lo see that the gospel message remains as attractive to so many people as il has throughout the ages. With our investment this period Into our Children and Youth ministries, we have been encouraged by the response and enthusiasm, and we have seen a growth in number of young people attending our activities. FUTURE PLANS With a full complement of staff, the focus now Is in developing a long-term development vision for the church with a view to strengthening and growing our church community, developing our mission work within the local community and disciplining those yet to hear about our faith beyond our immediate neighbourhood. PUBLIC BENEFIT Public benefit is provided through the leaching of the Christian faith, mentoring of adults and children and engagement in the services highlighted above. In addition lo the spiritual and etemal benefit of such teaching and mentoring, the core principles al the heart of the Christian faith should, when implemented, lead lo conslruclive and progressive engagement of those mentored with the wider community. We have referred lo 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 Charib'es 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. The trustees would though take this opportunity to thank sincerely the many church members who give tirelessly and generously their time and resources. Without these faithful individuals, we could not achieve all that we are able or wish lo do. FINANCIAL REVIEW Financial support for the activities that help the Charity achieve its objects continues to be drawn almost exclusively from voluntary donations by members of Mowbray Community Church, including Gift Aid which is added to eligible gifts. Donations have been given at considerable personal sacrifice and the Trustees are firmly of the view that voluntary donations will continue lo meet the Charity's on-going requirements. Financial issues are not the major regulator of the Charity's activities and the Trustees are determined lo continue lo develop the work of the Charity consistent with ils objects and May al times, in faith, go ahead of the apparent financial resources. Although, at times, this approach is likely to stretch the resources and commitment of the church members, this is not considered to be imprudent.
MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES, REPORT Currently we support a full-time Pastor, Youth Ministry lead and Head of Operations and a number of parl-time staff including a CAP Centre Manager, two CAP Debt Coaches, Children's Worker, and Operational support staff as well as cleaning staff. We have a vision for increasing our activities anlicipaling ongoing generous support financially by our members, who share the ambrtion, to achieve our goals. This is all part of our ambition lo raise our profile, improve our pastoral ministry and widen our influence in Harrogale driven by our determination to advance The Fa((h locally. RESERVES POLICY The Charity has an approved reserves policy for retaining the level of readily accessible funds within its unrestricted reserves lo mib'gate financial and operational risks, ensuring that the work of the Charity is sustained with minimal disruption and where necessary to provide short term funding for new projects. The reserves policy is set out in note 11. Reslricled reserves represent income received but not yet expended in accordance with the donors, wishes. Where donations are given lo fund a multi-period project, these are recorded in the period when the donation is received or receivable. The expenditure for reslricled funds is recorded in the period where the funds are used forthe restricted purpose. The Trustees will review the policy at least annually in order lo consider the needs and appropriate size of designated reserves for specific future uses, as well as maintaining sufficient other unrestricted funds for contingency purposes. The Charity seeks lo maintain cash reserves of at least £25,000 which represents approximately four weeks, expenditLJre. 11 also recognises that from time lo time this amount will not necessarily be identifiable bul is confident that the nature of ils membership is such that this amount could be made available should extreme circumstances ever demand such. At the year end the free reserves of the Charity were £108,109 {2025- £156,569). The to181 funds held by the charity 8t 31 March 2026 was £1,100,68812025 £1,164,459) Restricted funds totalled £3,61712025 - £7501 and designated funds lotalled £988,981 12025- £1,007, 1401 which equals the property net book value after deducting the Charity Bank loan secured against it. GOING CONCERN The accounts have been prepared on a going concern basis as the Charity has sufficient funds lo meet its liabilities as they fall due and expenditure is not aulhorised unless sufficient funds are in place. RISK MANAGEMENT The Trustees have inlroduTrd a formal risk management prOsS to assess risks lo the Charity and implement risk management strategies. This involves identifying the major slralegic, business, and operational risks the Charity faces, priorilising them in terms of potential Impact and likelihood of Occurren and identifying means of mitigating the risks. This is an on-going process, with the risk register being updated on a regular basis. The significant risks identified by the Trustees were". Safeguarding The Charity recognises the importance of ensuring that the appropriate procedures and oversight are in plaTr to ensure the health and safety of young people and vulnerable adults in its care.
MOWBRAY COMMUNITY CHURCH FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES, REPORT Economy- There is a risk that due lo the sizeable disruptions to the world economy created by events beyond these shores will have an impact on our incredibly generous donors. The Trustees maintain a closewatch on the Charity's main income stream and consider adjusting its expenditure as appropriate. 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 slate of affairs of the Charitable Company as al the end of the financial period, and of the incoming reSoUrS 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 basis,. observe the methods and principles in the applicable Charities SORP., and stale whether applicable accounting standards have been followed, subject to any material departures that musl disclosed and explained in the financial slatemenls. The Trustees are responsible for keeping proper accounting records which are sufficient lo show and explain the Charitsble Company's Iransacts'ons and to disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that any slalements 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 lo 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 ils behalf by.. Matt Wood, Trustee 11 May 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOWBRAY COMMUNITY CHURCH I report to the Charity truslees on my examinalion of the accounls of the Company for the year ended 31 March 2026, which are set out on pages 6 10 17. This report is made solely to the Charitable Company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the Charitable Company s trustees as a body in accordance wth section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might stale to the Charitable Company's Iruslees 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 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 Acl,). 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'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 {b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination trkcause 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 cause to believe". accounting records were not kept in respecl of the Company as required by section 386 of the 2006 Acl., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is nol a matter considered as part of an independent examination., or 4. the accounts have nol been prepared in accordance wilh the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities, applicable to charilies preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. I have no COnrnS 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. HPH, Chartered Accounlanls Conyngham Hall Business Centre Bond End KNARESBOROUGH HG5 9AY Sarah Wearing, FCA, DChA 11 May 2026
MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2026 Unrestricted Restricted funds funds Total 2026 Total 2025 Note INCOME Donations 270,383 14,805 285,188 265,687 Other trading activities Rent Received other 2,595 2,595 3,015 1,779 TOTAL INCOME 272,978 14,805 287,783 270,481 EXPENDITURE Charitable activities 339,618 11,938 351,556 263,438 TOTAL EXPENDITURE 339,618 11,938 351,556 263,438 Net expendlture 166,640) 2,867 163,7731 7,043 Transfers between funds 11 Net movement in funds 166,640) 2,867 163,7731 7,043 Reconciliation of funds Total funds brought forward 1,163,709 750 1,164,459 1,157,416 Total funds Carrled forward 12 £ 1,097,069 £ 3,617 £ 1,100,686 £ 1,164,459 All aclivilies derive from continuing operations. The notes on pages 10 to 18 form part of the accounts.
MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2026 Note 2026 2025 FIXED ASSETS Tangible Assets 1,278,658 1,317,193 CURRENT ASSETS Debtors Cash al bank and in hand 14,761 112,564 14,210 147,120 14 127,325 161,330 LIABILITIES Creditors.. amounts falling due within one year 137,0831 127,1001 NET CURRENT ASSETS 90,242 134,230 TOTAL ASSETS LESS CURRENT LIABILITIES 1,368,900 1,451,423 LIABILITIES: amounts falling due after more than one year io 1268,2141 1286,9641 TOTAL NET ASSETS £ 1,100,686 £ 1,164,459 THE FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds Designated Funds Undesignated Funds 3,617 750 11 988,961 108,109 1,007,140 156,569 TOTAL FUNDS £ 1,100,686 £ 1,164,459 For the financial year ended 31 March 2026, the Charity was entitled lo exemption from audit under section 477 of the Companieg Act 2006 relating to gmall 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 accordance with the special provisions of Part Vll of the Companies Act 2006 relating to small companies. The notes on pages 10 to 18 form part of the accounts. These financial statements were approved by the trustees on 11 May 2026 and signed on its behalf by.. M. Wood- Director and Trustee
MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 Not cash provided by operating activities {Note 13) 7,864 96,566 Cash flows from investing activities Purchase of property, plant and equipment Net Cash provided by investing activities Cash flows from financing activities Repayments of borrowings 142,4201 {44,5301 142,4201 {44,530} Change in cash and cash equivalents in the year 134,5561 52,036 Cash and cash equivalents al beginning of the year 147,120 95,084 Cash and Cash equivalents at end ofthe year (Note 141 £ 112,564 £ 147,120 The notes on pages 10 to 18 form part of the accounts.
MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 GENERAL INFORMATION The Charitable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales {no.072862821. The address of its registered office is Weslmoreland House, Vveslmoreland Street, Harrogate, HG1 SAT. Trustees guarantee to pay up to £1 of costs and liabilities incurred, if the Charity were to be dissolved. ACCOUNTING POLICIES 2.1 Basis of preparation of accounts The financial statements have been prepared in accordance with Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 20191 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. In pieparing the accounts, the trustees have considered whether in applying 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 lo 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 olhetwise staled in the relevant accounting policy nolelsl. 2.2 Going Concern policy The Trustees have a reasonable expectslion that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. For long term finance they rely on a bank loan, disclosed in note 10. They continue to adopt the going concern basis of accounting in prepating the annual financial statements. 2.3 Fund accounting The Trustees have a defined policy for identification of different types of income.. al Designated funds are unrestricted funds sel aside at the discretion of the Trustees, for specific purposes. bl Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. cl Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of the objecb'ves of the charitable company. Further detailg of each fund are disclosed in note 11. 2.4 Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value. 10
MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLICIES Icontinuedl 2.5 Income All income is recognised in the slalement of financial activities when the conditions for reIpl have been mel and there Is reasonable assurance of reTript. Except for the following.. Donations are recognised where there is entillemenl, rtainlY of reIpl and the amount can be measured with sufficient reliability. Income from lax reclaims are included in the ststemenl of financial activities at the same lime as the gift which they relate. Investment income is recognised on a receivable basis. 2.6 Expenditure Expenditure is included in the Slalemenl of Finanoial Activities on an accruals basis. Costs are allocated on the following basis.. Cost of generating funds Charitable activities Support costs 8CtU81 cost basis. actual cost basis except for those included in support costs. allocated lo 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 items above £2,000. Donated assets are valued al market value on donation. They are slated in the accounts al cosvoriginal value less depreciation. Depreciation is calculated lo write off the cost or valuation of fixed assets, less their estimated residual value, over their expected Ljseful lives on the following bases.. Land and buildings 50 year slraighl line basis Fixtures, fittings and equipment 10 year slraighl line basis Plant & Machinery 10 year straight line basis Computers & IT 4 years straight line basis 2.8 Debtors Trade and other debtors are recognised at the selllemenl amount due after any trade discount offered. Prepayments are valued al the amount prepaid after taking account of any trade discounts due. 2.9 Cash at bank and In hand Cash al bank and cash in hand includes cash and any short term deposit accounts with a maturity of three months or less from the dale of opening. 2.10 Creditors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third paty and the amount due lo settle the obligation Can be measured or estimated reliably. Creditors and provisions are normally recognised al their selllemenl amount after allowing for any trade discounts due. 2.11 Penslon 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. 11
MOWBRAY COMMUNITY CHURCH {A company limited by guaranleel NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 3 DONATIONS Unrestricted Funds 2026 Restricted Funds 2026 Total Funds 2026 Total Funds 2025 Appeals and donations Grant income Gifl lax reclaimed 233,079 10,805 4,000 243,884 4,000 37,304 231,006 3,500 31,181 37,304 £ 270,383 £ 14,805 £ 285,188 £ 265,687 In 2025 £11,365 of donations were restricted. 4 TOTAL STAFF COSTS 2026 2025 Wages and Salaries Social Security Costs Employer Pension Contributions 167,108 6,621 2,359 68,966 612 £ 176,088 £ 69,578 No employee earned £60,000 per annum or more in the year. Number of employees The average number of employees during the year were.. 2026 2025 Charitable activities 13 10 13 10 The number of employees on the payroll as at March 2026 was 13 (2025- 101. 2026 2025 Tot81 emoluments paid to the key management personnel 5 TRUSTEES. REMUNERATION AND EXPENSES During the year no remuneration or other reimbursed expenses were paid to the trustees12025- £nil}. There were no other related party transactions during the year. 12
MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 ANALYSIS OF EXPENDITURE Unrestricted Funds 2026 Restrl¢ted Funds 2026 Totsl Funds 2026 Total Funds 2025 6.1 Charltsble actlvltles Youth ministries Community work Missionary Teaching and Evangelism Employment costs Recruitment Depreciation of freehold property Depreciation of fixtures and fittings Support costs 3,785 21,343 37,737 5,447 172,088 7,386 36,078 1,707 54,046 3,785 21,343 44,925 5,447 176,088 7,386 36,078 2,457 54,046 19,025 28,232 41,743 7,188 4,000 69,578 36,078 2,163 66,619 750 £ 339,618 £11,938 £ 351,556 £ 263,438 In 2025 £19,957 of Charilable Activities were restricted. 6.2 Support costs Rates Light, heat and power Insurance Repairs and renewals Telephone and internet offi expenses Prinling, postage and stationery Travel and subsisten Accountancy fees Legal and professional fees Bank charges and interest Loan interest 1,125 {1,7941 3,523 12,081 4,629 781 2,769 1,320 4,593 2,204 1,125 11,7941 3,523 12,081 4,629 781 2,769 1,320 4,593 2,204 996 11,155 3,281 10,239 3,271 954 1,903 5,319 2,317 98 27,086 22,813 22,813 £ 54,046 £ 54,046 £ 66,619 In 2025 £nil of support costs were restricted. Accountancy fees includes.. Independent examination Statutory accounts preparation Payroll administration costs 1,320 1,545 2,498 1,439 1,125 £ 2,445 £ 5,482 13
MOWBRAY COMMUNITY CHURCH {A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 TANGIBLE FIXED ASSETS Land & buildings Fixtures, fittings & equipment Totsl Cost Al 1 April 2025 Additions 1,803,877 168,950 1,972,827 At 31 March 2026 1,803,877 168,950 1,972,827 Depreciation Al 1 April 2025 Charge for year 493,828 36,078 161,806 2,457 655,634 38,535 At 31 March 2026 529,906 164,263 694,169 Net Book Amounts At 31 March 2026 £ 1,273,971 £ 4,687 £ 1,278,658 At 31 March 2025 £ 1,310,049 £ 7,144 £ 1,317,193 2026 2025 DEBTORS Trade deblors Prepaymenls and accrued income Gift Aid 987 3,611 10,163 3,315 3,377 7,518 £ 14,761 £ 14,210 14
MOWBRAY COMMUNITY CHURCH {A company limited by guaranleel NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 LIABILITIES.. Amounts falling due within one year Trade creditors Bank loans and overdrafts Social security and other taxes Accruals Pension Other creditors 21,483 4,052 3,947 747 6,854 22,339 490 4,129 142 £ 37,083 £27,100 2026 2025 10 LIABILITIES.. Amounts falling due after more than one year Bank loans and overdrafts 268,214 286,964 £ 268,214 £ 286,964 After more than five years by instalments 164,981 187,528 £ 164,981 £ 187,528 Bank loans and overdrafts Within one year Within two to five years After more than five years 21,483 103,233 164,981 22,339 99,436 187,528 £ 289,697 £ 309,303 The total bank loan of £289,69712025 - £309,303) is secured on the property, Westmoreland House. The loan represents 230/0 {2025- 24Q/o) of the value of the propety against which it is charged. 15
MOWBRAY COMMUNITY CHURCH IA company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 11 FUNDS Balance at 1 April 2025 Income Expenditure Transfors Balance at 31 March 2026 Restricted Funds Mission Partners Evangelism Trailer 14,805 {11,1881 17501 3,617 750 750 14,805 111,9381 3,617 Unrestricted Funds Designated Property Fund 1,007,140 160,5981 42,419 988,961 1,007,140 160,5981 42,419 988,961 Undesignated Free resetves 156,569 272,978 1279,0191 142,4191 108,109 Total Unrestricted Funds 1,163,709 272,978 1339,6181 1,097,069 Total Funds £ 1,164,459 £ 287,783 £1351,5561 £ 1,100,686 Balance at 1 April 2024 Income Expenditure Transfers Balance at 31 March 2025 Restricted Funds Mission Partners Life Skills Evangelism Trailer Youth Ministries Events Community Outreach Events Overseas Mission Aid Fellowship Fund 2,480 3,500 14,5481 19,7741 12501 13,0951 11,0901 2,068 922 5,352 1,000 750 3,095 1,090 1,200 11,2001 6,352 11,365 119,9571 2,990 750 Unrestricted Funds Designated Property Fund Billboard campaign 1,028,026 1,903 165,0741 44,188 11,9031 42,285 1,007,140 1,029,929 165,0741 1,007,140 Undesignated Free reserves 121,135 259,116 1178,4071 145,2751 156,569 Total Unrestricted Funds 1,151,064 259,116 1243,4811 12,9901 1,163,709 Total Funds £ 1,157,416 £ 270,481 £1263,4381 £ 1,164,459 The transfers in the year represent unrestricted income being used to support restricted and designated projects or monies allocated by trustees for specific designated purposes. 16
MOWBRAY COMMUNITY CHURCH IA company limiled by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 11 FUNDS Icontinuedl The truslees recognise Ihe importance of establishing a reserves policy in line with the Charities Commission's CC19 Charity Reserves.. building resilience. The Charity will keep under regular review the level of its reserves and its reserves policy and will review this policy at least annually. The Charity will continue to run its finances in an efficient and cosl-effective manner with the objective of maintaining a balanced budget and lo gel the maximum value from Charity expenditures. However, the Charity recognises that there are inherent uncertainties in the budgeting process and that prudent financial management may require the maintenance of unrestricted reserves in certain circumstances. The Charity has identified through a risk review process Ihal il may have lo hold reserves for designated purposes. The level of each designated reserve is reviewed on an annual basis. Designated Funds The Property Fund represents the nel book value of the Church and integral fixtures and fittings, which are held lo enable the Ch8rit8ble Company lo achieve ils Charitable objects, less loan$ against these assets. Restricted Funds The Evangelism Trailer fund was money received for a trailer, which has been included in fixed assets and depreciated in the year. 12 NET ASSETS BY FUND Undesignated Fund$ Designated Funds Restricted Funds Total Funds Current year Tangible Fixed Assets Current Assets Current Liabilities Long-term Liabilities 1,278,658 1,278,658 127,325 137,0831 1268,2141 123,708 {15,6001 3,617 121,4831 (268,2141 At 31 March 2026 £ 108,108 £ 988,961 £ 3,617 £ 1,100,686 Undesignated Funds Designated Funds Restricted Funds Totsl Funds Comparative year Tangible Fixed Assets Current Assets Current Liabilities Long-term Liabilities 1,316,443 750 1,317,193 161,330 127,1001 1286,9641 161,330 14,7611 122,3391 1286,9641 At 31 March 2025 £ 156,569 £ 1,007,140 £750 £ 1,164,459 17
MOWBRAY COMMUNITY CHURCH IA company limited by guarantee} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 13 RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES 2026 2025 Net expenditure for the reporting period Adjustments for.. Loan interest Depreciation charges Increase in trade and other debtors Decrease in trade and other creditors 163,7731 7,043 22,813 38,535 15511 10,839 27,086 38,241 24,049 147 Net cash provided by operating activities £ 7,864 £ 96,566 14 ANALYSIS OF CASH AND CASH EQUIVALENTS Cash in hand 112,564 147,120 Total cash and cash equivalents £ 112,564 £ 147,120 15 ANALYSIS OF CHANGES IN NET DEBT At the start ofyear Cash-flows At end ofyear Cash Loans falling due within one year Loans falling due after more than one year 147,120 122,3391 1286,9641 134,5561 856 18,750 112,564 121,4831 1268,2141 £1162,1831 £114,950) £1177,1331 18