Charity registered number 1041888
The Reverend T A Turney Charity for the Maintenance of the Ministry of the Methodist Church
Unaudited accounts
for the year ended 31 August 2023
The Reverend T A Turney Charity for the Maintenance of the Ministry of the Methodist Church
Contents
| Page | |
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| Report of the trustees | 1 |
| Independent examiner's report | 2 |
| Receipts and payments account | 3 |
| Statement of assets and liabilities | 4 |
The Reverend T A Turney Charity for the Maintenance of the Ministry of the Methodist Church
Report of the trustees
The trustees present their report along with the financial statements of the charity for the year ended 31 August 2023 and confirm they comply with the requirements of the Charities Act 2011 and the charity's constitution.
The charity is registered with the Charity Commission under number 1041888.
Legal and administrative information
The trustees who served during the year are stated below:
John Nunn Rev Nick Sissons The Church Council of St John's
Principal office
Ty Hebog Llangoed Beaumaris Ynys Mon LL58 8SA
Structure, governance and management
The charity was established by a constitution adopted on 21 April 1994.
Objectives and activities
The advancement of the religious or charitable work of the Methodist Church and in particular the support of Methodist ministers.
Achievements and performance
The charity made donations of £2,250 and contributed £6,000 towards the work of the Methodist Church in Bangor and Holyhead.
Financial review
Net receipts for the year were £15,175 (2022 £8,258) which resulted from increased interest and dividend income. Cash reserves at the year end were at £35,378 (2022 £20,203). The trustees consider these reserves adequate to meet their primary obligation of maintaing the property of the charity.
This report was approved by the trustees on 23 June 2024 and signed on their behalf by
John Nunn
Trustee
Page 1
Independent Examiner's Report to the trustees of The Reverend T A Turney Charity for the Maintenance of the Ministry of the Methodist Church
I report on the accounts of the charity for the year ended 31 August 2023 set out on pages 3 to 4.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act 2011,
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 and
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state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the accounts.
Independent examiner's report
In the course of my examination no matter has come to my attention:
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1 which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure:
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proper accounting records are kept in accordance with section 130 of the Charities Act 2011 and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011 or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr N A Christian FCPA
Christian Sykes & Company Suite 5A, 30 Dean Street Bangor Gwynedd LL57 1UR
Dated: 23 June 2024
Page 2
The Reverend T A Turney Charity for the Maintenance of the Ministry of the Methodist Church
Receipts and payments account for the year ended 31 August 2023
| Receipts Bank interest Dividends Rent Insurance claim Total receipts Payments Property insurance Property repairs and maintenance Property management charges Travelling Donations Investment manager's charges Accountancy Bangor and Holyhead Methodist Church Total payments Net receipts for the year Cash funds at 31 August 2022 Cash funds at 31 August 2023 |
£ £ - 19,851 4,500 1,104 25,454 259 1,247 523 - 2,250 - - 6,000 10,279 15,175 20,203 35,378 2023 |
£ £ 1,573 9,886 4,056 - 15,515 229 2,586 523 336 1,250 2,116 216 - 7,256 8,258 11,945 20,203 2022 |
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Page 3
The Reverend T A Turney Charity for the Maintenance of the Ministry of the Methodist Church
Statement of assets and liabilities as at 31 August 2023
| 2023 £ Cash funds 35,378 Investment assets: Equity investments (at valuation) 716,905 Fairbank, Menai Avenue, Bangor, LL57 2HH 1 752,284 |
2022 £ 20,203 716,905 1 737,109 |
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…............................................................................... Signed by John Nunn on behalf of all the trustees
Page 4