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MOUNTSORREL CHURCH OF ENGLAND FUND

Registered charity 1041743 · accounts filings on the Charity Commission register

Latest income
£101k
Latest spending
£203k
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £75,467 for the year ended 31 December 2024, resulting in a decrease in total unrestricted funds from £986,852 to £911,385. The trustees confirm that the charity held free reserves in accordance with its stated policy, which targets up to £1,000,000 for emergency building works and an additional fund for approximately one year's management costs. The trustees also confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Related-party transaction: The charity receives 1/3 of the income of Mountsorrel United Charities (MUC), net of costs. The income is recognised when receipt is probable and the amount can be reliably measured. Dividends from the Church of England Fund's own investments are recognised once the dividend has been received.
“The charity receives 1/3 of the income of Mountsorrel United Charities (MUC), net of costs. The income is recognised when receipt is probable and the amount can be reliably measured. Dividends from the Church of England Fund's own investments are recognised once the dividend has been received.” — page 13
“Four of Mountsorrel Church of England Fund's twelve trustees are appointed by Mountsorrel United Charities.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Four of Mountsorrel Church of England Fund's twelve trustees are appointed by Mountsorrel United Charities.
“The charity receives 1/3 of the income of Mountsorrel United Charities (MUC), net of costs. The income is recognised when receipt is probable and the amount can be reliably measured. Dividends from the Church of England Fund's own investments are recognised once the dividend has been received.” — page 13
“Four of Mountsorrel Church of England Fund's twelve trustees are appointed by Mountsorrel United Charities.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: During the year, Mountsorrel United Charities allocated Mountsorrel Church of England Fund investment income of £73,006 (2023: £105,392). At the balance sheet date the amount due from Mountsorrel United Charities was £0 (2023: £5,000).
“The charity receives 1/3 of the income of Mountsorrel United Charities (MUC), net of costs. The income is recognised when receipt is probable and the amount can be reliably measured. Dividends from the Church of England Fund's own investments are recognised once the dividend has been received.” — page 13
“Four of Mountsorrel Church of England Fund's twelve trustees are appointed by Mountsorrel United Charities.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£101k£203k
31/12/2023£136k£135k
31/12/2022£262k£170k
31/12/2021£237k£136k
31/12/2020£238k£86k

Common questions

Is MOUNTSORREL CHURCH OF ENGLAND FUND financially healthy?

The accounts state that the charity reported a net deficit of £75,467 for the year ended 31 December 2024, resulting in a decrease in total unrestricted funds from £986,852 to £911,385. The trustees confirm that the charity held free reserves in accordance with its stated policy, which targets up to £1,000,000 for emergency building works and an additional fund for approximately one year's management costs. The trustees also confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.

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