## **Cullercoats Methodist Church** ## **End of Year Financial Statements** **Year ending 31[st] August 2022** _Page 1_ **Annual Report of the (Managing) Trustees (covering the year from September 2021 to August 2022)** _Page 2_ ## **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. _Page 3_ ## **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. _Page 4_ ## **Cullercoats Methodist Church** ## **End of Year Financial Statements** **Year ending 31[st] August 2022** _Page 5_ ## **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. _Page 6_ ## **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 _Page 7_ ## **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)
—
—
—
—
—| _Page 8_ ## **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**| _Page 9_ ## **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**| _Page 10_ ## **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| _Page 11_ ## **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| _Page 12_ |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)| _Page 13_ ## **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** _Page 14_ ## **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 _Page 15_ accounts. and seeking 8xplanations from the trustees con￿MIng 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 ExaMine￿S 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