St Mary Magdalene Bridgnorth
Treasurer’s Report for the year ending 31[st] December 2023
The General Fund (unrestricted)
At 31[sT] December 2023 the General Fund balance was overdrawn by £1,898 compared with a surplus of £13,702 at the beginning of the year. The Church transferred £6,000 of the surplus to the Reserve Fund in January 2023 and planned to use the remaining funds to meet the expected gap between income and expenditure in 2023 caused by the steep rise in gas prices.
In practice the Church found itself with falling regular and general donations which were only partially offset by increased income from weddings & funerals leading to a shortfall in expected income.
The Church’s parish offer of £53,000 for 2023 was paid in full.
Designated Funds
Designated funds increased by £7,773 mainly as a result of the transfer from the General Fund to the Reserve.
Restricted Funds
The Church brought the activities of St James Hall Church into its accounts in 2023. The Hall gets its income from hiring out the space and recorded an in year surplus of £1,252. The Hall’s Fund at the year end stood at £4,554.
Expenditure from the Fabric Fund totalled £5,753, essentially routine maintenance. The remaining balance of £3,668 is precariously low for future needs. The Music Fund balance increased by £1,013 to £13,198
Other
St Mary’s has an associated hall church whose activities are not currently included in the accounts St Leonard’s Hall Church’s fund balance on 31[st] December 2023 was £10,330 a decrease of £5,164 . The Hall spent £12,000 on roof repairs during the year
Nicky Cooper
St. Mary Magdalene Bridgnorth Statement of Financial Activities
For the period from 01 January 2023 to 31 December 2023
| Unrestricted | Restricted | Total | Prior year | |
|---|---|---|---|---|
| funds | funds | funds | total funds | |
| Income and endowments from: | ||||
| Incoming resources from donors | 46,750.23 | 4,433.74 | 51,183.97 | 60,219.02 |
| Other voluntary incoming resources | 20,600.52 | 4,138.91 | 24,739.43 | 42,915.08 |
| Income from investments | 1,092.24 | 0.61 | 1,092.85 | 4.89 |
| Income from charitable and ancillary trading | 10,501.31 | 13,015.96 | 23,517.27 | 7,965.97 |
| Income from non charitable trading | - | - | - | - |
| Other ordinaryincomingresources | - | - | - | 1,120.00 |
| Total income | 78,944.30 | 21,589.22 | 100,533.52 | 112,224.96 |
| Expenditure on: | ||||
| Grants | - | - | - | - |
| Activities directly related to church work | 84,830.79 | 20,195.53 | 105,026.32 | 98,297.57 |
| Fund-raising and publicity | 1,620.50 | 131.51 | 1,752.01 | 1,987.42 |
| Church management and administration | 318.50 | 186.64 | 505.14 | 415.50 |
| Total expenditure | 86,769.79 | 20,513.68 | 107,283.47 | 100,700.49 |
| Net income / (expenditure) resources before transfer | (7,825.49) | 1,075.54 | (6,749.95) | 11,524.47 |
| Transfers: | ||||
| Gross transfers between funds - in | 9,472.36 | - | 9,472.36 | 4,264.45 |
| Gross transfers between funds - out | (9,472.36) | - | (9,472.36) | (4,264.45) |
| Other recognised gains / losses | ||||
| Gains/losses on investment assets | - | - | - | - |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - |
| Net movement in funds | (7,825.49) | 1,075.54 | (6,749.95) | 11,524.47 |
| Reconciliation of funds | ||||
| Total funds brought forward | 21,892.53 | 25,657.51 | 47,550.04 | 36,025.57 |
| Total funds carried forward | 14,067.04 | 26,733.05 | 40,800.09 | 47,550.04 |
| Represented by | ||||
| Unrestricted | ||||
| General fund | (1,897.50) | - | (1,897.50) | 13,701.75 |
| Designated | ||||
| 200 Club | 185.56 | - | 185.56 | 172.00 |
| Energy Reserve | 4,932.00 | - | 4,932.00 | 3,824.00 |
| little stars | 711.71 | - | 711.71 | 419.76 |
| Reserve | 8,903.00 | - | 8,903.00 | 2,538.64 |
| Shop Monies | 360.25 | - | 360.25 | 364.36 |
| St James youth | 872.02 | - | 872.02 | 872.02 |
| Restricted | ||||
| Agency collection | - | - | - | - |
| Fabric Fund | - | 3,667.73 | 3,667.73 | 8,179.97 |
| Floor renovation | - | 5,313.72 | 5,313.72 | 5,292.72 |
| Friends Of St. Mary's | - | - | - | - |
| Music support | - | 13,197.61 | 13,197.61 | 12,184.82 |
| Shop Monies | - | - | - | - |
| St James Hall Church | - | 4,553.99 | 4,553.99 | - |
| Youth Worker Support | - | - | - | - |
| Total funds | 14,067.04 | 26,733.05 | 40,800.09 | 47,550.04 |
(19 January 2024 5:00 pm) Page 1 of 1
St. Mary Magdalene Bridgnorth
Balance Sheet detailed
Current assets
Liabilities
Reserves
| As at 31/12/2023 As at 31/12/2022 |
|
|---|---|
| 1501: Currenta/c147176[Genrl] 1502: BIAa/c48975368 1512: St James Hall HSBC current account 1513: little stars petty cash 1514: CCLA deposit 014656001D 1515: CCLA deposit 618294001d St James hall 1516: St James Hall 81485962 1517: St James Hall deposit a/c 81485970 Total Current assets 1628: Bellringer fees P.B. 1635: CONTRAs 6699: Agency collections Total Liabilities Net Asset surplus (deficit) Excess/(deficit) to date Z01: Starting balances Total Reserves |
11,966.38 33,280.74 2.06 5,007.30 3,950.74 20.00 20.00 25,000.00 10,000.00 19.55 615.47 29.89 |
| 41,604.09 48,308.04 804.00 758.00 |
|
| 804.00 758.00 |
|
| 40,800.09 47,550.04 |
|
| (6,749.95) (14,423.69) 47,550.04 61,973.73 |
|
| 40,800.09 47,550.04 |
Represented by Funds
| General (Unrestricted) | (1,897.50) | 13,701.75 |
|---|---|---|
| Designated | 15,964.54 | 8,190.78 |
| Restricted | 26,733.05 | 25,657.51 |
| Total | 40,800.09 | 47,550.04 |
(19 January 2024 4:12 pm) Page 1 of 1
Independent examiner's report to the trustees of St Mary Magdalene Church, Bridgnorth I report to the trustees on my examination of the accounts of St Mary Magdalene Church (the Trust) for the year ended 31st December 2023 Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of Ihe 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act. or 2. the accounts do not accord with those records. 3. Statutory fees were not accounted for correctly 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. Vaness oysey 12 Greenleys CreSnt Alveley WV15 6PG 27April 2024