## **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**<br>**31/12/2023**<br>**As at**<br>**31/12/2022**|
|---|---|
|1501: Currenta/c147176[Genrl]<br>1502: BIAa/c48975368<br>1512: St James Hall HSBC current account<br>1513: little stars petty cash<br>1514: CCLA deposit 014656001D<br>1515: CCLA deposit 618294001d St James hall<br>1516: St James Hall 81485962<br>1517: St James Hall deposit a/c 81485970<br>**Total Current assets**<br>1628: Bellringer fees P.B.<br>1635: CONTRAs<br>6699: Agency collections<br>**Total Liabilities**<br>**Net Asset surplus (deficit)**<br>Excess/(deficit) to date<br>Z01: Starting balances<br>**Total Reserves**|11,966.38<br>33,280.74<br>2.06<br>5,007.30<br>3,950.74<br>20.00<br>20.00<br>25,000.00<br>10,000.00<br>19.55<br>615.47<br>29.89|
||**41,604.09**<br>**48,308.04**<br>804.00<br>758.00|
||**804.00**<br>**758.00**|
||**40,800.09**<br>**47,550.04**|
||(6,749.95)<br>(14,423.69)<br>47,550.04<br>61,973.73|
||**40,800.09**<br>**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 CreS￿nt
Alveley
WV15 6PG
27April 2024