Mundeshy Free Chur¢h Ygar Endod 31 D•cemb•r 2023
Mundo$1gy Free Church Yèar End•d 31 D•¢•nr 2023 Content• Pago Accountsnts. Repjrt General Fund Incom8 And Expenditure Account Balance Sheet
Mundeslpy Free Church Yw Endad 31 Dxember 2023 As described below have apwoved the ac4un for the ypar ended 31 De¢emb8r 2023 881 out on pages 3 to 4. In accordance wth instructions we have compiled these unaudited accounts from the accounb'ng records and Information and explanats.ons sup to us. Our accounllng prcK8dures include examination, on 8 lest basls, of evklenc£ relevant to the amountg and disclosures in the accounts and an assessment and of whether the accounting policies are appropriate lo the Chur¢h'8 ckcumstances, wnsislerrtly applied and adwualety dlsdosed. We have oblailled all informalion and exFAanaln8 1¢h V consider&J W$Sary to enabb us lo give 8$0nable assurance that the accounts are free from mater1 em)r. In our oplnlon, th8 accounts reason8lJy refiect the stsle of the Church's Ilnancial affaks as at 31 December 2023 and of its suWusesldeficits for the period then ended. Tlmolhy Hlgnett and Partn8r8 Llmhed 7 Hlgh Street Cromer Norfolk NR27 gHG 21 March 2024 l approve these aco)unts on bèhalf of the Leadership Team and nfim) that V•t have made availablo all relevant record$ and infomatk)n for their prepwabon. D K Tarling. Tr&urer 21 March 2024
Mundo8l•y Ft99 ¢hw¢h Year Endgd 31 Doc8mbor 2023 Gonral Fund Incom• And EXpend6t A¢¢ourt 2QZ3 Off•rlng¥ GKtAbd 10J30 10.235 5.598 19. Oth•r Gwt Aid tsx IntsrPt Sdri$ Oonations to Pa6¥ on 16.873 4.T24 152 238 1.7WJ 11.528 31,392 2Z,221 26.388 P••twal Gross stiwnd 2fj.074 23.571 28.674 Alan nsuronc• 24,455 321 Répalrn 2.093 2.827 Chur¢h Rot•8 H881 and Ib3hUng In6wanc8 R•p•ir• and malntn Gard0cMt•kfjrIckn8nar FIEC Youlh wk MIs$nIDOn11 Donaiion8 to PA on Lrf•l prol•8•bn•l f••0 AccounlArKy Cornputw •xpons•s sub8¢rlnN and lic•nM• Printing, po8tp Bnd Jl•¢bn•ry T•lepPone and k)torit Pulpft and new P•¥tr•xFO 4,646 2.179 1,138 1,013 14202 7.703 250 658 22S7 971 2.&37 823 9.450 2.370 373 1.101 12YJ 1,082 727 418 918 1,477 1,249 Advertl$ng aTht pruno*)n Depreciqik)n Craft Ltt•r•lur• Luncheon dub •r¥J breakfaats 247 4.015 129 516 4.749 63.110 In¢e4 n•ral Isu income o¥or ndhure 35.731 37,n2
Mundosley Freg Church Yoar end 31 0¢comber 2023 Balance Sheet 2023 2022 FIXED ASSETS Intangible asset investment Manse propwty Flxture5 and fittings 162,744 250,894 9,7 193.865 250.894 11.195 423,e4)5 455.954 CURRENT ASSETS Debtors Bank balances Current aOUnt CCLA deposit accounts 4.927 3.976 10,961 20,587 16,834 15,149 31,783 36,475 35,759 491,713 Less.. CURRENT LIABILrriES Creditors and accruals •strlctèd f Toddlor• Balance 1 January 2022 Fijnds received Funds spent 11,068 11,W9 336 347 D•81 nated fund8 Youth work Balance 1 January 2022 Funds rfved Funds spent 24 24 24 24 111.415) (12,616) NET ASSErs 448.665 479,097 GENERAL FUND 8alanc8 at beginning of ypar {Exc8ss of expenditu) I SuWus of inwne Investment r8valuatfon 479.097 {35.731) 548,689 137,722) {31,870) 479.097
2023 Structure Plans are in pla to convert the Charity to a CIO by 01104124 with the current CUA then closing. Mrs Ruth Winterton is no longer employed as a Community Outreach Worker. Finance The Trustee5 note the planned deficit and are using the resources to invest in the ongoing public benefit and ministry of the church. They also expect 2024 to result in a deficit, with continued investment in the faalities at the building which improve its ability to run a programme which is in line with the aims and objectives. Significant repair to the roof and electrics are anticipated in 2024. Some of the proposed work at the building has been postponed until the essential work has been Caled out. A change in Bank account and signatories will be happening in 2024 as will updates to the signatories and control of the deposit and investment accounts. It is also noted that the charity has incurred a number of years consecutively running at a deficit and that in the long run this will not be able to continue. Charity Number 1178757