REGISTERED CIL4RITY NUMBER: 1059512
CARNFORTH FREE METHODIST CHURCH
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LAI IWD

CARNFORTH FRFE METHODIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Pydge
Reference and Admlnistrative Detalls
Report of the Trustees
Independent Examinerls Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7 to 14
Detailed Statement of Financial Aclivities
15 to 16

CARNFORTH FREE MFTHODIST CHURCH
REFERENCE ILYD IiDMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Rev C Murgu
Mr J Carter
Mr J T Wightman (resigned 281912023)
Mr I Ellershaw
Mrs C Duncan
Mr D Kitchen
MrPBurt
Mrs R Burt (resigned 281912023)
MTS D M bTaliLk (Tc%ignL"d 281912023)
MT M White
Mr I Rothwell
Mr J Davies
Mr P Hayes
MT P Lumb (appointed 281912023)
Rev M Surrey (appointed 281912023)
Mrs S Wright (appoinfrd 281912023)
Principal address
The Manse
33 Dunkirk Avenue
CARNFORTH
LA5 9AP
Registered charity number
1059512
Independent exaffliner
Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LAI IWD
Bankers
Barclays Bank Pl
3 Market Street
CARNFORTH
LA5 9JX
Page I

CARNFORTH FREE METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the fjnancial statements of the charity for the year ended 31 Dec¢mber 2023. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recotnlnended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢abl¢ in the
UK and Republic of Ereland (FRS 102) (effective l January 2019).
Objectlves and activities
The object of the Camforth Free Methodist Church is the furtherance of the religious and other charitable works of ihe
Free Methodist Church of North America in accordance with the do¢trin¢s. disciplines and LLsages of that Church for the
time being as set forth in the book of discipline. The Church benefits from many voluntary hours and unclaimed out of
pocket expenses, contributed by a large number of people. It would be impossible to plac¢ a valu¢ on th¢se gifts in kind,
for which the T￿￿teeS are extrem¢ly grateful. The Trnstees confinn that they have refe￿ed to the guidance contained in
the Charity Commission general guidance on public benefit when reviewing the charity's aims and obj¢ctiv¢s.
Achievement and perforniance
During the year further income was received by the Charity via Gift Aid resulting in a total of £30,881 tax being
recovered from HM Revenue & Customs.
The Trust¢¢s are aware that the Charity has an obligation to operate for an identifiable and public benefit. When
planning activitt'es Trnstees consider the Commission guidance on public b¢n¢fit' in particular the specific guidance on
charities for the advancement of religion.
During 2023, the Church has continued to vneet in-person m¢¢tings predominantly. albeit virtually using Zoom and
YouTube to compliment face to face meetings> particularly for thos¢ who are vulnerable or eldeTly. During the year, the
Church continued lo support humanitarian work overseas, in particular, where two families continue to s¢rve overseas in
2023. The Church has continued with work in the UK through schools work sports outreach and the Church has
conlinued to give conipassionate gifts and help where needed in the local community.
During 2023. our Lead Pastor, Cristi Murgu has continued to lead the work of the Church in the local Comrnunity and
surrounding areas, supported by OUT Community Pastor, Ian Ellershaw. In the meantime, Carol-Ann Baker has
continued to fulfil a part-time role to PTovide administrative support to the Lead Pastor, Community Pastor and wider
Church.
The Pastors have been involved in visiting members of the Church and people in the local community who have had
particular needs and may have asked the Church for assistance. In addition, the Church assisted comrnunity programmes
have continued in person, such as divorce and bereavement support. During 2023, the Church has continued io liaise
with local agencies in identifying and then supporting individuals and families in the communities.
As for assets, the Church manse at Dunkirk Avenue has been maintsined. In 2016, the ChuTch purchased a plot of land
for ￿rther development as & Church Conference and Resource Centre which we were pleased to open in March 2022.
Since this time, the Centre has already been used to support the Charities objectives and hosting the community SUPPOrt
ventures. During 2023, further funds were raised meaning that the Tn￿tr¢S agr¢¢d in December 2023 to make
aryangem¢nts to repay all outstanding loans relating to the £linillion plus build programine which will be transacted in
early 2024.
Insurance cover on all properties has been reviewed with the recommendations of the RICS and in
consultation with the Church's Insurance BTokers.
There were minor changes to the Charity's policies during 2023. Further work was und¢rtakcn in r¢sp¢ct of reviewing
the Churches child protection (safe guarding) policy. The Health & Safety Policy has been reviewed with ongoing risk
assessments drawn up, particularly focus being given to new ministries and events run from the Centre. The Churches
GDPR policy and its charitable data protection manageinent processes are still in course of ongoing review but progress
h&8 been rnade.
Page 2

CARNFORTH FREE METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR EF4DED 31 DECEMBER 2023
Financial review
The charity doL5 nut h¢ive il forTll¢il Teserves policy however it is the policy of the charity to Tnaintain balances at a level
equival¢nt to approximdtely two months exp¢nditure to cover church wnning costs, should incorne tall. There have
been no occasions when credit balances have fallen beneath this level, and no need for the ll￿tter to be escalated by the
Trustees to the members of the Church for their consideration. Free reserv¢s as at the year end wer¢ £61,705 (2022
£73,043). No funds are in deficit.
Future plans
The charity plans to continue with its core objectives within its immediate vicinity and the SU￿OUnd]ng regions, in
addition to which it continues to explore nthking more use of its new premises to support its clwitable objectives.
Structure? governance and managernent
The main governing document of the Charity is set out in the DecI￿atIon of Trust dated 30 October 1996 as amended by
scheme dated 9 March 2000. N¢w Trustees are appointed on an annual basis at the Annual General Meeting and meet
regularly to review mantigc'Tnent, financiiil and OPQTdtional risk Tnatters.
Approved by order of the board of trnstees on ....
9 / 7./.z.¥..,....
. and signed on its behalf by:
Mr J Carte/_ Trustee
Page 3

INDEPENDENT EXAMThER'S REPORT TO THE TRUSTEES OF
CARNFORTH FREE METHODIST CHURCH
Independent examiner's report to the trustees of Carnforth Free Methodist Church
I report to the charity tnjstees on my examination of the accounts of Carnforth Free Methodist Church (the Trust) for the
yeaT ended 31 December 2023.
Responsibilities And basis of report
As the charity trustees of the Trust you are responsible for the preparatlOD of the accounts in accordance with the
requirements of the ChaTities Act 2011 ('the Act,).
I r¢port in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in caTrying out
my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of
the Act.
Independent examiner'5 Statement
I liave completed my examination. I confirni that Tho material matters have come to my attention in connection WAth the
examination giving me cause to believe that in any material respect:
accounting records wer¢ not kept in respect of the Trust as required by Section 130 of the Act. or
the accounts do not accord with those records; or
the accourAts do not comply with the applicable requiretnents concerning the forn] and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any Tequirement that the accounts give a
true and fair view which is not a matteT considered as part of an independent exarnination.
I have no concerns and have come across no other matters in cotmection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accoullts to be reached.
T M Pre¢ce FCCA
Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LAI IWD
Date..
Page 4

CARNFORTH FREE METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR 'fHL YEAR ENDED 31 DECEMBLR 2023
2023
Total
funds
2022
Total
funds
Unrestricted
lund
Restrlcted
runds
Notes
Inrome and endowment5 from
Donations and legacies
168,167
49,984
218,151
271,157
Charitable activities
Church activities
6,959
6,959
10,311
Investment incon
Other income
233
1,040
233
1,040
41
52.179
Total
169,440
56,943
226.383
333,688
Expenditure on
Charitable activities
Church activities
137,902
8,977
146,879
149,413
Other
2,999
2,999
Total
140,901
8,977
149,878
152,857
NET INCOME
28,539
47,966
76,505
180,831
Reconciliation of funds
Total funds brought forward
509,786
1,002,696
1,512,482
1,331,651
Total funds carried forward
538,325
1,050,662
1,588,987
1,512,482
The notes form part of these financial statements
Page 5

CARNFORTH FREE METHODIST CHURCH
BALANCE SHEET
31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestrlcted
fund
Restricted
funds
Notes
Fixed assets
T¢tnLFible assets
Inveslm¢nts
127,538
127,538
126,746
127.538
127,539
126,747
Current a55ets
Debtors
Cash at bank
392,207
58,676
1,050,496
165
1,442,703
58,841
1,429,769
174,160
450,883
1,050,661
1,501,544
1,603,929
Creditors
Amounts falling due within one year
io
(3.434)
(3,434)
(170,218)
Net current assets
447,449
1,050,661
1,498,110
1,433,711
Total assets less current liabilities
574,987
1,050,662
1,625.649
1,560.458
Creditors
Atnounts falling due after tnoTe than one year
(36,662)
(36,662)
(47,976)
IYET ASSETS
538,325
1,050,662
1,588,987
1,512,482
Funds
Unrestricted fun(Ls
Restricted funds
14
538,325
1,050,662
509,786
1,002,696
Total funds
1,588,987
1,512,482
The financial statements were approved by the Board of Trustees and authorised for issue
..I.8..1..7..1.1.l................. and were signed on its behalf by:
on
Mr J Carter - Trust¢¢
Mr P Burt- T￿￿￿¢
The notes fonn part of these financial statements
Page 6

CARI¥JFORTH FREE METHODIST CHURCH
NOTES TO THE FINANCL4L STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Basls of preparing the financial statements
The financial statrments of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost
convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the ￿nds, it
is probable that the income will b¢ r¢c¢iv¢d and the amount can be measured reliably.
Expenditure
Liabilities aTe Tecognised a5 expenditure as soon as there is a legal or constructive obligation committing the
harity to that expenditure, it is probable that a transfer of economic benefits will be Tequired in settlement and
the amount of the obligation can be measured reliably. Expenditt￿e is accounted for on an accTuals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but
not accrued as expenditure.
Tangible fixed assels
Depreciation is provided at the following annual rates in order to Write off each asset oveT its estimated useful
life.
Furniture and equipment
Computer equipment
150/0 Reducing balance
250/0 on cost
Taxation
The charity is exempt from tax on its charitable activities,
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the t￿Stees.
Restrict¢d funds can only be used for particular restricted PUTposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purp05¢8.
Further explanation of the nature and purpose of each thnd is incIL￿ed in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution penston scheme. Contributions payable to the charity's pension
scheme are charged to the Statement of Financial Activitics in the period to which they relat¢.
Going concern
There are no Material uncertainties regarding the charity's ability to continue as a going concern.
Page 7

CARNFORTH FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDLD 31 DECLMBER 2023
Investment income
2023
2022
Deposit account interest
233
41
Grants payable
2023
2022
Church activities
14,618
16,880
The total grants paid to institutions during the year was as follows:
2023
2022
Education for Life
Sportsreach
Royal British Legion
NISCU
United Christian Broadcasters
Lancaster and Morecambe Debt Centre
The Way Church
Our Daily Bread Ministries
Lancaster Baptist Church
Heart Church More¢ambe
Capemwray Hall
Ukraine Appeal
United S¢rvants
600
600
40
700
40
1,200
600
600
240
1,640
200
250
150
500
1,000
650
2,091
7,030
The total grants paid to individuals during the year was as follows:
2023
2022
Individuals
11,035
9,850
Trustees remuneration and benefit5
Both th¢ Lead Pastor and Colljmunity Pastor (who are also Trustees) receivcd rcmun¢Tiltion foi ministetial work
done during the year. Rev C Murgu received gross pay of £30,141 (2022 - £27,902) and pension contributions of
£2.070 (2022 £1,980). I Ellershaw received gross pay of £32,526 (2022 £30,549) and pension contributions
of £2,070 (2022 - £1,980).
The total donations made by the Trustees to the charity during the year amount¢d to £42,260 (2022 - £43,660).
Page 8

CARNFORTH FREE METHODIST CHURCH
NOTES TO THE FINknNCL4L STATEMENTS - conlinued
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees, remuneration and benefits - continued
Trustees, expenses
The Trustees were rcimbursed ¢xpenscs of £282 (2022 - £811).
Staff costs
The average monthly number of employees during the year was as follows.,
2023
2022
Charitable activities
No employees rec¢iv¢d emoluments in excess of £60.000.
Comparatives for the statement of financial activities
Unrestricted
fund
Restricted
funds
Total
funds
Income and endowments from
Donations and legacies
156,823
114,334
271,157
Charitable activities
Church aclivitRes
658
9,653
10,311
IDV&Sttr]ent income
Othei income
41
52,179
41
52,179
Total
209,70 I
123,987
333,688
Expenditure on
Charitgble activities
Church activities
136,589
12,824
149.413
Other
3,444
Total
140,033
12,824
152,857
NET INCOME
69,668
111,163
180,831
Reconciliation of funds
Total funds brought forward
440,118
891,533
1,331,651
Total funds carried fornard
509.786
1,002,696
1,512,482
Page 9

CARNFORTH FREE METHODIST CHURCH
NOTFS TO THF FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
Tangible r￿ed assets
Furniture
and
equlpment
Freehold
property
Computer
equipment
Totals
C05t
At l January 2023
Additions
119,820
28,935
2,703
2,906
151,458
2,906
At 31 December 2023
119,820
28,935
5,609
154,364
Depreciation
At l January 2023
Charge for year
23,700
1.047
1,012
1,067
24,712
2,114
At 31 December 2023
24,747
2,079
26.826
Iyet book value
At 31 December 2023
I l9,820
4,188
3,530
127,538
At 31 December 2022
119.820
5.235
1,691
126,746
Fixed asset investments
Shares in
group
undertakings
Market value
Ai l January 2023 and 31 D¢¢ember 2023
Net book value
Al 31 December 2023
At 31 December 2022
There were no investment assets outside the UK.
Debtors: amounts falling due withill one year
2023
2022
Other debtors
1,442.703
1,429,769
Page 10

CARNFORTH FREE METHODIST CHURCH
NOTES TO THE FINANCL4L STATEMENTS - Continued
FOR THE YEAIi ENDED 31 DECEMBER 2023
io.
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts (see note 12)
Trade creditors
Taxation and social security
Other creditors
1,107
1,342
985
1,049
2,104
915
166,150
3,434
170,218
ii.
Creditors: amounts falling due after more than one year
2023
2022
Bank loans (see nofr 12)
36,662
47,976
12.
Li>ans
The bank loan was advanced in December 2021 and is repayable in installments over twenty years.
13.
Secured debts
The following secured debts are included within creditors:
2023
2022
Bank loans
37,769
49,025
14.
Movement in funds
Net
movement
in funds
At
31112123
At 111123
Unrestricted funds
General fund
509,786
28,539
538,325
Restricted funds
Gifts for specific purposes
Building
Food batLk
Ladies ministry
20
1,002,439
237
(5)
48,043
(97)
25
15
1,050,482
140
25
1,002,696
47,966
1,050,662
TOTAL FUNDS
1,512,482
76,505
1,588,987
Page 11

CARNFORTH FREE METHODIST CHURCH
NOTES TO THE FINANc￿L STATEMENTS - eontinued
FOR I"HE YEAR LIYDLD 31 DECEMBER 2023
14.
Movement in funds - continued
Net movement in funds, included in the above are as follows:
Ineoming
r&wurces
Resources
expended
Movement
in funds
Unrestrieted funds
General fund
169.440
(140,901)
28,539
Restricted fund5
Gifts for specific purposes
Building
Soccer school
Food bank
LÉidics Tninistry
1,940
48,043
6,814
(1,945)
(5)
48,043
(6,814)
(98)
(120)
(97)
25
145
56,943
(8,977)
47,966
TOTAL FUNDS
226,383
(149,878)
76,505
Comparatives for movement in funds
Net
movement
in funds
At
31112122
At 111122
Unrestricted funds
General fimd
440,118
69,668
509,786
R&8tricted funds
Gifts t.or specific Purposes
Building
Food bank
20
111,129
14
20
1,002,439
237
891,310
223
891,533
111,163
1,002,696
TOTAL FUNDS
1,331,651
180,831
1,512,482
Page 12

CARNFORTH FREE METHODIST CHURCH
NOTF.S TO THE FINANCIAL .8TATEMENT.8 - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
14.
Movement in funds - continued
Comparative net movement in funds, included in the above are &s follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fi￿a
209,701
(140,033)
69,668
Restricted funds
Gifts for specific PUTposes
Building
Soccer school
Food bank
Men's ministry
3,105
111,129
4,765
loo
4,888
(3,085)
20
111,129
(4,765)
(86)
(4,888)
14
123,987
(12,824)
111,163
TOTAL FUNDS
333,688
(152,857)
180,831
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
31112123
At 111122
Unrestrieted funds
General fund
440,118
98,207
538,325
Restricted funds
Gifts for specific purposes
BuildiTJg
Food bank
Ladies ministy
15
159,172
(83)
25
15
1,050,482
140
25
891,310
223
891.533
159,129
1,050,662
TOTAL FUNDS
1,331,651
257,336
1,588,987
Page 13

CARNFORTH FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR LNDLD 31 DECEMBER 2023
14.
Movement in funds - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
&% follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
379,141
(280,934)
98,207
Restricted funds
Gifts for specific purposes
Building
Soccer school
Food bank
Men's mtnisty
Ladies ministry
5,045
159,172
11.579
ioi
4,888
145
(5,030)
15
159,172
(11,579)
(184)
(4,888)
{12U)
(83)
25
180,930
{21,801)
159,129
TOTAL FUNDS
560,071
(302,735)
257,336
15.
Related party disclosures
The charity provided a loall to CFMC Development Company Limited, a company of which the charity is the
s(IIL" %hÉiFLholdLT, to enable the conu)any to undertake a building development. At the balance sheet ddte the
amount due from CFMC Development Company Limited was £1,436,240 (2022 - £1,420,432).
Page 14

CARNFORTH FREE METHODIST CHURCH
DETAILED STATEMENT OF Fll¥ANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
IneoD]e and endowments
Donations and legacles
Gifts
Gift aid
Grants
Hire of centre
185,885
30,881
213,874
30,915
25,600
768
1,385
218,151
271,157
Investment income
Deposit account interest
233
41
Charltable activities
Soccer school
Mens ministry
Ladies ministry
6.814
5,423
4,888
145
6,959
10.311
Other income
Other income
Gain on sale of tangible fixed assets
1,040
52,179
1,040
52,179
Total ineoming resources
226,383
333,688
Expenditure
Charitable activiti
Wages
Social security
Pensions
Telephone
Postage and stationery
Computer costs
Soccer school
Mens Ministry
Ladies ministry
Lyrics and Laughter expenses
Children and Youth expenses
Propety rental
Manse expenses
Church expenses
Free Methodist Church levy
C(Irried forward
68,483
1,126
4,140
1,528
959
419
10,853
200
120
43
1,752
9,250
2,352
12.364
6,492
120,081
63,574
1,372
3,960
1,604
121
460
7,279
5,300
loo
240
949
10,277
2,676
15,335
6,456
119,703
This page does not form part of the statutory financial slatements
Page 15

CARNFORTH FREE METHODIST CHURCH
DETAILED STATEMENT OF FINANCLIL ACTIVITIES
FOR THE YEAR EIYDED 31 DECEMBER 2023
2023
2022
CharÉtable activities
Brought fonvard
Travel expenses
Visiling speaker expenses
Subscriptions
Depreciation of f￿tureS and fittings
Computer equipment
Grants to institutions
Grants to individuals
120,081
438
850
1,953
I,047
I,067
3,583
11,035
119,703
1.048
550
1,819
339
676
7,030
9,850
140,054
141,015
Other
Bank loan interest
2,999
3,444
Support costs
Manggement
Insurance
4,046
4,968
Finallce
Bank charges
589
981
Governance cost5
Legal and professional f¢es
Accountancy fees
734
1,715
2,190
2,190
2,449
Total resources expended
149,878
152,857
Net income
76,505
180,831
This page does not forn) part of the statutory financial statements
Page 16