Mundeshy Free Chur¢h
Ygar Endod 31 D•cemb•r 2023

Mundo$1gy Free Church
Yèar End•d 31 D•¢•n￿r 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 ac4￿un￿ 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 exFAanal￿n8 ￿1¢h V￿ consider&J W￿$Sary to enabb us lo give
8$0nable assurance that the accounts are free from mater￿1 em)r.
In our oplnlon, th8 accounts reason8lJy refiect the stsle of the Church's Ilnancial affaks as at
31 December 2023 and of its suWusesldeficits for the period then ended.
Tlmolhy Hlgnett and Partn8r8 Llmhed
7 Hlgh Street
Cromer
Norfolk
NR27 gHG
21 March 2024
l approve these aco)unts on bèhalf of the Leadership Team and ￿nfim) that V•t have made availablo
all relevant record$ and infomatk)n for their prepwabon.
D K Tarling. Tr&￿urer
21 March 2024

Mundo8l•y Ft99 ¢hw¢h
Year Endgd 31 Doc8mbor 2023
Gon*ral Fund Incom• And EXpend6t￿ A¢¢ourt
2QZ3
Off•rlng¥
GKtAbd
10J30
10.235
5.598
19.
Oth•r
Gwt Aid tsx
IntsrP￿t
S￿dri￿$
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 malnt￿n
Gard0￿c*Mt•kfjrIckn8nar
FIEC
Youlh wk
MIs$￿nIDOn11
Donaiion8 to PA￿ on
Lrf•l prol•8•bn•l f••0
AccounlArKy
Cornputw •xpons•s
sub8¢r￿l￿nN and lic•nM•
Printing, po8t*p Bnd Jl•¢bn•ry
T•lepPone and k)tori*t
Pulpft and new P•¥tr￿•xF￿￿O
4,646
2.179
1,138
1,013
14202
7.703
250
658
22S7
971
2.&37
823
9.450
2.370
373
1.101
12YJ
1,082
727
418
918
1,477
1,249
Advertl$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 a￿OUnt
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 r￿fved
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 Ca￿led 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