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2020-12-31-accounts

Contents Page
Legal and administrative information
Report ofthe Trustees 3to 10
Auditor's
report		 11to 14
Statement offinancial activities 15
Balance sheet 16
Statement ofcash flows 17
Notes forming part ofthe financial statements 18to 25
Grant commitments made during the year 26to 28

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
reslricted restricted
Notes f'OOO f,'OOO X'OOO X'000 OOOO f,'000
Income from
Investment
income		 i(c)&2 2 297 576 2 873 2,246 564 2,810
Donations 2 2 3 3
Total 2 297 578 2 875 2 246 567 2 813
Expenditure
on
Charitable
activities		 3&4 2,256 523 2,779 2,240 598 2,838
Total 2256 523 2 779 2 240 598 2 838
Net income /(expenditure)
aad net movement in funds
before gains and losses on
investments 41 55 96 6 (31) (25)
Other recognised
gains/losses
Realised net gains on
disposal ofinvestments 1,370 - 1,370
Vnrealised
gains on
revaluation
of
investments 4 185 I 086 5 271 7809 2 582 10391
Net movement
in funds		 4,226 1,141 5,367 9,185 2,551 11,736
Reconciliation offunds:
Total funds brought
f0rwaril 67 094 15629 82723 57909 13078 70987
Total funds carried forward 71320 16770 88090 67094 15629 82 723

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
restricted restricted
X,'OOO K'000 t."000 K'000 K'000 8'000
Notes
Fixed assets
fnvestments 71,579 18,114 89,693 67,392 17,030 84,422
Tangible assets 1O 1 - 1
71 580 18 114 89694 67392 17030 84422
Current assets
Debtors 569 144 713 509 138 647
Cash at bank 1 435 ~683 752 1 214 ~461 753
2,004 (539) 1,465 1,723 (323) 1,400
Creditors
Amounts
within		 falling due
one year		 ~1914 ~728 ~2 642 1 607 ~986 ~2 593
Net current assets (liabilities) 90 ~1267 ~1177 116 ~I 309 ~1 193
Total assets less current
liabilities 71,670 16,847 88,517 67,508 15,721 83,229
Grants payable after more
than one year		 ~350 ~77 ~427 ~4)4 ~92 ~506
Net assets 71320 16770 88090 67094 15629 82 723
Total funds
Unrestricted funds 71,320 - 71,320 67,094 - 67,094
Restricted funds 16770 16770 15629 15 629
71 320 16770 88090 67094 15629 82723

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
restricted restricted
K'000 X.'000 f.'000 X'000 f,'000 f.'000
Cash used in
operating
activities		 2 013 ~794 ~2807 ~1846 ~430 {2276)
Cash flows from investing
activities
Investment
income		 2,235 572 2,807 2,219 558 2,777
Purchase offixed assets
Proceeds from sales ofinvestments 5,410 5,410
Purchase ofinvestments {5486) ~23 ~5509
Cash provided
by
investing
activities		 2234 572 2 806 2 143 535 2678
(Decrease)/increase in cash in the
year 221 (222) 297 105 402
Cash and cash equivalents at the
beginning ofthe year I 214 461 753 917 ~566 351
Total cash and cash equivalents
at the end ofthe year I 435 683 752 I 214 {4461 753

Net movement
in funds per
statement offinancial
activities 4,226 1,141 5,367 9,185 2,551 11,736
Gains on investments (4, ]85) (1,086) (5,271) (9,179) (2,582) (11,761)
Investment
Income		 (2,297) (576) (2,873) (2,246) (564) (2,810)
Decrease in debtors I I
Increase/(decrease)
in creditors		 307 (258) 49 367 95 462
Increase/(decrease)
in grants
due after I year		 ~64 ~15 ~79 26 70 96
Net cash used in operating
activities ~2013 {794) ~2807 ~1 846 ~430 {2276)

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
restricted restricted
X'000 8'000 COOO 8'000 K'000 f'000
2. Investment income
Cash held within the portfolio 2 2 1 1
Property Unit Trusts 16 16 190 - 190
Investment Fund Income 2 279 576 2 855 2055 564 2619
2 297 376 2 873 2246 564 2 810

Allocation Charitable Governance 2020
activities costs Total
8'000 I'000 t'000
Costs directly allocated to
activities
Grants committed (net) Direct 2,603 2,603
Audit fee Direct 10 10
Support costs allocated to
activities
Premises Area 11 I 12
General office expenses Usage 16 2 18
Trustees' expenses Time I I 2
Staffcosts Time 115 19 134
2 746 33 2 779
General Fund 2,256
Methodist Church Fund 523
2779

Allocation Charitable Governance 2019
activities costs Total
S'000 S'000 x*000
Costs directly allocated to
activities
Grants committed (net) Direct 2,651 2,651
Audit fee Direct 10 10
Support costs allocated to
activities
Premises Area II 1 12
General office expenses Usage 21 2 23
Trustees' expenses Time 5 2 7
Staffcosts Time 119 16 135
2 807 31 2 838
2,240
General Fund
598
Methodist Church Fund 2 838
2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
restricted restricted
t'000 K'000 T.'000 X'000 e'000 K'000
5. Net incoming (outgoing) resources
for the year
These are stated after charging:
Auditors' remuneration 10 10 10 10
Payments under operating
leases

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
(restricted) restricted
S'OOO K'OOO f.'000 K'000 J."OOO K'OOO
6. Staffcosts and numbers
Salaries 113 113 112 - 112
Social Security costs 10 10 10 10
Life, Permanent Health &
Medical Insurance 4 4 4 4
Pension contributions 9 9 8 8
(see nore 16) 136 136 134 134

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
restricted restricted
OOOO X'000 OOOO K'000 K'000 I,'000
9. Investments
Market value at
1u January 2020 67,392 17,030 84,422 58,137 14,425 72,562
Additions 5,486 23 5,509
Sales (5,410) (5,410)
Adjustment
to record market		 4 187 I 084 5 271 9 179 2 582 11761
value ofinvestments
Market value at
31aDecember 2020
71 579 18 114 89693 67392 17030 84422
Historical cost at
31"December 2020 58615 14616 73 231 58615 14616 73 231
Investment
Fund Units		 71,579 18,114 89,693 6],983 17,030 79,013
Cash held within portfolios 5,409 5,409
Market value at
31"December 2020 71579 18 114 89693 67392 17030 84422

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
reslricted restricted
f'000 K'000 K'000 OOOO K'000 8'000
10. Tangible fixed assets
Furniture
Jk equipment
Cost
At I"January 2020
Additions
Disposal		 21
I
~1		 21
I
~I		 21 21
31"December 2020 21 21 21 21
Depreciation
At 1"January 2020 21 21 21 21
Charge for the year
On disposals
At 31"December 2020 20 20 21 21
Net book value
At 31"December 2020
At 31"December 2019
11. Debtors
Investment
income receivable		 567 144 711 507 138 645
Prepayments 2 2 2 2
569 144 713 509 138 647
Investment
income receivable		 is a financial instrument and is measured at present value.
12. Creditors
Amounts
falling due within one
year
Taxation
Creditors
Accruals 9 9 10 10
Grants payable I 901 728 2 629 I 593 986 2579
I 914 728 2 642 I 607 986 2 593

2020 2019
General Methodist Total General Methodist Total
Fund Church Funds Fund Church Funds
Fund Fund
restricted restricted
f,'OOO X'OOO 8'000 f.'OOO X'OOO OOOO
13.Grant commitments
Grant commitments at
1"January 2020 2 007 1 078 3 085 1 613 913 2 526
Grant comminnents made in
the year 2, 195 655 2,850 2,138 650 2,788
Cancellations/recoveries (116) (131) (247) (85) (52) (137)
Grants paid (1,835) (797) (2,632) (1,659) (433) (2,092)
Movements
in the year		 244 ~273 ~29 394 165 559
Grant commitments at
31"December 2020 2251 805 3056 2 007 1 078 3 085
Payable as follows:
Within one year 1,901 728 2,629 1,593 986 2,579
After more than one
year 350 77 427 414 92 506
2251 805 3 056 2 007 1 078 3 085

EASTANGLIA:
StIves Methodist
Church		 35,000
Comberton
Baptist Church		 15,000
Hope Church Ipswich 35,000
StMary the Virgin Church, Great Brickhill 10,000
With Community,
Ditchingham
(over 3years)		 30,000
EAST ANGLIA: 125,000
LONDON:
Hatfield Road Methodist
Church, StAlbans		 (over 3years) 30,000
StDunstan's
Church, East Acton (over 3pears)		 30,000
New Generation
Church, Sidcup (over 3years)		 30,000
St Giles Church, Nazeing 35,000
Church Revitalisation
Trust (over 3years)		 45,000
Worcester Park Baptist Church 35,000
St John's Church,
Waterloo		 35,000
StMichael's
Church, Fulwell		 35,000
Growing Hope (over 3years) 30,000
LONDON: 305,000
MIDLANDS:
Coleshill Parish Church, near Birmingham 22,000
Glentield Methodist
Church, Leicester		 35,000
Heart ofTamworth
Community
Project		 25,000
Cliiton Methodist
Church, Nottingham		 30,000
The Brook Community
Church,
Shirebrook		 (over 3years) 30,000
StMary's Youth Project, Cleobury
Mortimer		 (over 3years) 30,000
The Joy Foundation,
Lincoln (over 3years)		 20,000
The Souster Youth Trust, Thrapston
(over		 3years) 30,000
MIDLANDS: 222,000
NORTH EASTi
The Parish Church ofStGeorge, Jesmond (over 3years) 45,000
Winterton
All Saints		 20,000
StMary the Virgin, Hull 15,000
United Benefice ofPelton (over 3years) 2],000
South Holderness
Methodist
Circuit (over 3years)		 24,000
Hull Lighthouse
Project (over 3years)		 30,000
NORTH EAST: 155,000
NORTHERN IRELAND:
East Belfast Mission (over 3years) 30,000
Finaghy
Methodist
Church (over 3years)		 18,000
High Street Methodist
Church, Lurgan		 30,000
Play it by Ear, Home Mission Department (over 3years) 30,000
The Hub Belfast (over 3years) 37,500

rhe Joseph
Ran		 k trust
The Trussell Trust, Salisbury 200,000
One 25,Bristol (over 3years) 60,000
StJames's Church, Devizes 25,000
StMartin with StTorney Church, Lewannick 20,000
All Saints Highertown,
Truro		 50,000
Beloved, Bristol (over 3years) 30,000
Didcot Baptist Church 30,000
Emmanuel
Church,
Woodley		 30,000
Harnhill
Centre ofChristian		 Healing (over 3years) 45,000
South West Youth Ministries (over 3years) 45,000
Portishead
Methodist
Church		 35,000
SOUTH WEST: 684,000
WALES:
Aenon Baptist Church,
Swansea		 35,000
Agape Community
Church, Ty Sign		 20,000
WALES: 55,000
TOTAL commitments
in 2020:		 %2,849,500