Cullercoats Methodist Church
End of Year Financial Statements
Year ending 31[st] August 2022
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Annual Report of the (Managing) Trustees (covering the year from September 2021 to August 2022)
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Charities Commission Report
Our Mission
To live and grow in the love of God and to show how God, through Jesus Christ and the Holy Spirit, gives meaning and direction to life.
Our Vision
To be a positive influence both on those we live and work alongside and those that use our building each day.
Objectives and Activities
When planning our objectives and activities for the year, the trustees have considered the Charity Commission’s guidelines on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable
ordinary people to live out their faith as part of our community through the four core activities of the Methodist Churches “Our Calling”.
The people who make up Cullercoats Methodist Church are a living community rich in our diversity but united in loving and following Jesus. Because our church includes a full age range from 0 – 90+, we try to offer something for everybody on a very
varied and full menu of activities, worship, groups and interests.
We are a church which is proud of its evangelical roots, and is always seeking to join in God’s mission. We enjoy a high profile within the communities of Cullercoats,
Marden Estate and Tynemouth, but include people who travel into CMC because this is where they wish to belong.
We work collaboratively across the North Shields and Whitley Bay Methodist Circuit and wider in the Newcastle-Upon-Tyne Methodist District. We seek to encourage Kingdom growth in the local area, working with other churches and Christian groups where ever possible.
Achievements and Performance
This has been the first year since the COVID19 pandemic which has felt normal again. Many of our groups have returned to meeting and many of recovered their numbers and even grown. Our building is being used most days and we have sought to help groups who lost their home during COVID find a new one.
Warm Welcome
The cost of living crisis has impacted many people and as a response to this we opened up our building from 9am-12pm each week. This drop-in offered a warm and welcoming space for anyone to use each week. This Warm Welcome meant people had the opportunity to gather together and meet and has proved a great success.
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Summer Special
We were able to run our Summer Special holiday camp again for the first time since the pandemic. We hosted 50 children in a slightly reduced capacity event to help us cope with lower volunteer numbers. Having not run a Summer Special for a number of years it was great to be able to welcome the children and young people in for 4 days. We hope to build on this success next year and increases the numbers of children who are able to come.
Sunday Morning Services
These have not retuned to the pattern they followed since before COVID but have switched to a single service each week at 10:15am. We have seen numbers at these services increase slightly over the year with new faces appearing. We will continue to develop these as the year goes on and hope to welcome new people in to our community.
Looking Forward
As we move forward there are a number of challenges we face as a church. The cost of living crisis has impacted us all and put pressure on our finances. We need to continue to address this and find ways of generating funds through giving and fundraising.
Art the same time we need to make sure as a church we are connecting with our community. We need to meet the needs of those who join us each week and those who live and work alongside us.
Our hope is that through building relationships we will form strong partnerships with others who we can work with moving forward.
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Cullercoats Methodist Church
End of Year Financial Statements
Year ending 31[st] August 2022
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Introduction
The End of Year Financial Statements of Cullercoats Methodist Church for the year ending 31[st] August 2022 are presented on the following pages. The accounts have been prepared using the Finance Coordinator accounting package for church organisations developed and supported by Data Developments.
Comments
The statement of financial activities shows an increase in Church Funds of £40,356 during the year ending 31[st] August 2022.
During the financial year the church received legacy income from deceased members to the value of £64,214. These generous legacies have significantly strengthened the church’s financial situation.
Lettings income showed a marked improvement in this first post-Covid year, increasing from £4,731 to £14,097, approaching maximum lettings capacity.
Church reserves are healthy, representing approximately 6 months of church outgoings.
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List of Church Council Members (Trustees) during 2022
Minister Church Council Secretary Treasurer Steward Steward Church Meeting Representative Pastoral Committee Property Secretary Finance Committee Young Church Coordinator Lay Workers Church Meeting Representative Church Meeting Representative Church Meeting Representative Church Meeting Representative Church Meeting Representative Church Meeting Representative Church Meeting Representative Church Meeting Representative Gift Aid Secretary Safeguarding Officer Worship Development Group Chair
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Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Incoming resources 1 - Offerings and Tax recoverable 2 - Interest and Investment Income 3 - Lettings 4 - Other Income Donations for General/Project Funds Total income Resources used 8 - Circuit Assessment or Share 9 - Grants and Donations 10 - Repairs and Maintenance 11 - Insurance, Utilities, etc. 12 - Depreciation 14 - Other Expenditure 15 - Major Projects Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated ALPHA Mission Project Bank Transfers Circuit Quarterly Provision General - Fixed Assets H@H - Holiday at Home Mission Contingency Mission Partners Outlook Mission Provision Praise Party Property Contingency Sponsorship Summer Special Restricted Agency collection Benevolence Buildings Improvement Fund Investments @ TMCP Memorial PAYE Working Fund Playgroup Working Fund Young Church |
90,916 — — 90,916 100,295 3,370 — — 3,370 583 14,097 — — 14,097 4,731 67,449 27,596 — 95,045 42,470 — 7,379 — 7,379 — |
| 175,832 34,975 — 210,808 148,080 88,800 — — 88,800 87,600 100 — — 100 100 7,738 — — 7,738 9,921 9,149 — — 9,149 7,825 — 8,100 — 8,100 1,653 21,039 28,019 — 49,059 47,443 — 7,503 — 7,503 — |
|
| 126,828 43,623 — 170,451 154,543 — — — — — |
|
| 49,004 (8,647) — 40,356 (6,463) 120,040 3,295 — 123,335 102,448 (122,911) (424) — (123,335) (102,448) — — — — — |
|
| 46,133 (5,776) — 40,356 (6,463) |
|
| 67,686 46,885 — 114,572 121,036 |
|
| 113,820 41,109 — 154,929 114,572 121,407 — — 121,407 52,353 — — — — — — — — — — 0 — — 0 0 (25,006) — — (25,006) (17,541) 729 — — 729 729 1,120 — — 1,120 7,340 502 — — 502 502 3,600 — — 3,600 11,700 0 — — 0 0 9,276 — — 9,276 10,411 0 — — 0 0 2,187 — — 2,187 2,187 — — — — — — 1,095 — 1,095 1,095 — 2,226 — 2,226 (520) — 50,465 — 50,465 58,566 — 979 — 979 979 — (274) — (274) (274) — (13,382) — (13,382) (12,959) — — — — — |
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Balance sheet
| Class and code Description |
This year Last year |
|---|---|
| Fixed assets ASSAVA Audio Visual Aids ASSBLD Church Buildings ASSCHR Chairs in Church ASSINV TMCP Investments ASSMOW Motor Mower Total Fixed assets Current assets BNKBRC Barclays 40316822 BNKCFB CFB 28601 BNKCSH Cash in Hand BNKPTY Petty Cash BNKTMCP TMCP 18147 BNKTSB TSB 14408360 Z05 Accounts Receivable Total Current assets Liabilities 6699 Agency collections Z04 Accounts Payable Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Other gains/(losses) Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
— — 1,850 1,850 — — 57,023 65,124 — — |
| 58,873 66,974 32,809 7,047 48,194 24,928 — — 200 200 998 998 8,361 5,408 6,332 9,854 |
|
| 96,895 48,437 839 839 — — |
|
| 839 839 |
|
| 154,929 114,572 |
|
| 40,356 (6,463) 114,572 121,036 — — |
|
| 154,929 114,572 121,407 52,353 (7,587) 15,333 41,109 46,885 — — |
|
| 154,929 114,572 |
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Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Fixed assets - Investments TMCP Investments - Totals Fixed assets - Tangible assets Audio Visual Aids - Church Buildings - Totals Current assets - Cash at bank and in hand Barclays 40316822 - CFB 28601 - Petty Cash - TSB 14408360 - Totals Current assets - Debtors Accounts Receivable - Totals Current assets - Investments TMCP 18147 - Totals Liabilities - Agency accounts Agency collections - Totals Grand total |
— (6,543) 63,566 — 57,023 65,124 |
| — (6,543) 63,566 — 57,023 65,124 1,200 (1,200) — — — — 1,850 — — — 1,850 1,850 |
|
| 3,050 (1,200) — — 1,850 1,850 114,240 (75,812) (5,618) — 32,809 7,047 (4,859) 53,053 — — 48,194 24,928 — 200 — — 200 200 2,544 5,817 — — 8,361 5,408 |
|
| 111,925 (16,742) (5,618) — 89,564 37,584 6,332 — — — 6,332 9,854 |
|
| 6,332 — — — 6,332 9,854 99 16,898 (16,000) — 998 998 |
|
| 99 16,898 (16,000) — 998 998 — — 839 — 839 839 |
|
| — — 839 — 839 839 |
|
| 121,407 (7,587) 41,109 — 154,929 114,572 |
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Analysis of income and expenditure
| Unrestricted Designated INCOME AND ENDOWMENTS 1 - Offerings and Tax recoverable DONCSH - Collection Plate Cash 4,865 — DONENV - Envelope Scheme 881 — DONSND - Sundry Donations 6,591 — DONTAX - Gift Aid Tax Recovered 14,596 — DONTSB - TSB Direct Receipts 63,982 — Total 90,916 — 2 - Interest and Investment Income INVINT - Investment Interest Received 65 3,304 Total 65 3,304 3 - Lettings TRDLET - Letting of Premises 14,097 — Total 14,097 — 4 - Other Income MISPRJ - Mission Project Income — — OFFPRJ - Office Project Income — — PRPPRJ - Property Project Income 2,338 — TRDFEE - Fees for Weddings, etc. — — TRDOFF - Office Services Income 896 — TRDPRP - Property Services Income — — TRDPRT - Printing Services Income — — VOLCMC - Appeal for CMC Funds — — VOLGRT - Grants Received — — VOLLEG - Legacies Received 64,214 — VOLPLAY - Playgroup Receipts — — Total 67,449 — 4 - Other Income - Donations for General/Project Funds DONBIF - Buildings Improvement Fund Donations — — GRTBIF - Buildings Improvement Fund Grants — — Total — — |
Unrestricted Designated | Restricted | Total Endowment This year Last year — 4,865 4,505 — 881 2,196 — 6,591 6,944 — 14,596 18,819 — 63,982 67,829 |
|---|---|---|---|
| — — — — — |
|||
| — — |
— 90,916 100,295 — 3,370 583 |
||
| 65 3,304 14,097 — |
— — |
— 3,370 583 — 14,097 4,731 |
|
| 14,097 — — — — — 2,338 — — — 896 — — — — — — — — — 64,214 — — — |
— — — — — — — — — — — 27,596 |
— 14,097 4,731 — — 20 — — — — 2,338 — — — 100 — 896 4,285 — — — — — — — — — — — 4,525 — 64,214 7,000 — 27,596 26,539 |
|
| 27,596 7,379 — |
— 95,045 42,470 — 7,379 — — — — |
||
| — — |
7,379 | — 7,379 — |
|
| INCOME TOTAL | 172,528 3,304 |
34,975 | — 210,808 148,080 |
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EXPENDITURE
8 - Circuit Assessment or Share
| CIRASS - Circuit Assessment Total 9 - Grants and Donations GFTCMC - CMC General Gifts MINGFT - Ministry Gifts Total 10 - Repairs and Maintenance PRPBLD - Building Maintenance PRPGRD - Garden/Grounds Maintenance PRPMTL - Cleaning/Consumable Materials PRPSTF - Property Staff Total 11 - Insurance, Utilities, etc. UTLELC - Utilities - Electric UTLGAS - Utilities - Gas UTLINS - Utilities - Insurance UTLWTR - Utilities - Water Total 12 - Depreciation DPRASS - Depreciate Fixed Assets Total 14 - Other Expenditure GENAVA - General AVA Maintenance GENBEV - General Beverages, etc. GENBNK - General Bank Charges/Refunds GENLIB - General Library Costs GENLIC - General Licenses GENMUS - General Music Costs GENORG - General Organist Costs GENPUB - General Church Publicity GENSBS - General Subscriptions MINMIS - Mission Work MINMTL - Pastoral Materials MINTRN - Training Costs MINVIS - Visiting Preacher Costs MINYC - Young Church Costs OFFMTL - Office Materials OFFSRV - Office Servicing OFFSTF - Office Staff OFFTEL - Office Telephone/Internet PAYPLAY - Playgroup Wages PAYTAX - HMRC - Tax + NICs PRTLSE - Printing Equipment Leasing PRTMTL - Printing Material |
— 88,800 — — 88,800 87,600 |
|---|---|
| — 88,800 — — 88,800 87,600 100 — — — 100 100 — — — — — — |
|
| 100 — — — 100 100 1,691 — — — 1,691 4,130 200 — — — 200 150 407 — — — 407 201 5,439 — — — 5,439 5,439 |
|
| 7,738 — — — 7,738 9,921 1,872 — — — 1,872 1,373 4,056 — — — 4,056 3,520 3,061 — — — 3,061 2,775 159 — — — 159 156 |
|
| 9,149 — — — 9,149 7,825 — — 8,100 — 8,100 1,653 |
|
| — — 8,100 — 8,100 1,653 — — — — — 154 491 — — — 491 — — — — — — — — — — — — — 1,371 — — — 1,371 1,122 — — — — — — — — — — — — — — — — — — — — — — — — 184 — — — 184 260 266 — — — 266 150 — — — — — — — — — — — — 530 — — — 530 529 1,577 — — — 1,577 1,496 — — — — — — 11,661 — — — 11,661 11,565 1,572 — — — 1,572 1,980 — — 27,595 — 27,595 26,682 — — 424 — 424 391 1,157 — — — 1,157 1,157 2,227 — — — 2,227 1,950 |
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| PRTSRV - Printer Servicing Total 15 - Major Projects EXPBIF - Buildings Improvement Fund Expenditure PRJMIN - Projects - Ministry PRJMIS - Projects - Mission PRJOFF - Projects - Office PRJPRP - Projects - Property PRJPRT - Projects - Printing Total |
— — |
— | — — — |
|---|---|---|---|
| 21,039 — — — — — — — — — — — — — |
28,019 7,503 — — — — — |
— 49,059 47,443 — 7,503 — — — — — — — — — — — — — — — — |
|
| — — |
7,503 | — 7,503 — |
|
| EXPENDITURE TOTAL | 38,028 88,800 |
43,623 | — 170,451 154,543 |
| GRAND TOTAL | 134,500 (85,495) |
(8,647) | — 40,356 (6,463) |
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Conclusion
Our finances in the year ending 31[st] August 2022 continue to be healthy.
We have weathered the challenges of the Covid 19 pandemic due to a combination of reduced expenditure and some much appreciated legacies received during the year.
This report dated: 6[th] June 2023
Andy Esson Treasurer Cullercoats Methodist Church
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Independent Examiner’s Report to the Trustees of the
Cullercoats Methodist Church
This Report is on the Church Accounts for the year ended 31[st] Aug 2022
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 year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under Section 145 of the Charities Act
to follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act), and
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting
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accounts. and seeking 8xplanations from the trustees conMIng any such matters. The procedures undertaken do not provide all the evidence thatwould be required in an audi( and consequenlly no opinion is given as to whetherthe accounts present a ue and fairf view and the report is limited to those matters set out in the statement below. Independent ExaMineS Statement In connection with my examination. no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: . to keep accounting records in accordancewith section 130 of the Charities Act . to prepare accountswhich accord with the accounting records and comply with the accounting requirements of the Charities Act have not been me( (2) to which. in my opinion. attention should be drawn in orderto enable 8 proper understanding of the accounts to be reached. Signabjre: NamelQualification: CQN Date: 2E-G - 202 Address: S7 Q£(Sa Av 8P1 Page 16