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2023-08-31-accounts

Cullercoats Methodist Church

End of Year Financial Statements

Year ending 31[st] August 2023

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Annual Report of the (Managing) Trustees

(covering the year from September 2022 to August 2023)

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.

Introduction

Cullercoats Methodist Church has continued to serve as a beacon of hope, community, and faith in our locality over the past 12 months. In this time we have faced some challenges, yet our congregation and volunteers have demonstrated remarkable resilience and commitment and have risen to meet these.

Adapting to Change

The imminent departure of several key volunteers and employees has been a notable challenge for our church this past year. The contributions of Andy Esson our Treasurer, Peter Hutton our Property Secretary and Julie Esson our Administrator cannot be understated and their retirement from these roles will leave a big gap. Their involvement in the life of the church has been significant and their absence will be deeply felt.

The challenge for the church is to find the right people to fill these roles moving forward. This may also mean we also need to find new ways of working and discovering new skills and ways of doing things to adapt to this change.

Celebrating Community Achievements

Despite the challenges we have continued to see growth and success in many different areas in the life of the church.

Weekly Warm Welcome

Our Warm Welcome has provided a safe and welcoming space for community members to gather, share, and support each other. This weekly event has been crucial, particularly during the colder months, in offering warmth and companionship to those in need.

Summer Special

The Summer Special was a highlight of the year, bringing together children and young people for four day of fun and celebration. The event featured games, music, craft and drama, and was well-received by those that came and their parents.

Prayer and Praise Events

Our Prayer and Praise events have offered an alternative place for worship once a month on a Sunday evening. These gatherings have provided opportunities for communal worship, reflection, and mutual encouragement, fostering a deeper sense of faith and unity.

Worship Review

We have spent time seeking to understand how our communal worship is received by our members and others during this year. This has allowed us to reflect on what we offer and what we might adapt and change going forward.

Collaboration with Community Groups

We have strengthened our collaboration with community groups in our local area as we have working together in different ways to meet needs in our community. We have also been able to offer space to different groups so they can run community activities of different kind within our building.

Playgroup

Our playgroup continues to offer low cost, OFSTED registered, childcare to families in our community each morning from Monday to Friday. In its latest inspection it received the grade good which is testament to the staffs handwork.

Property Improvements

Steady Enhancements

Over the past year, we have made steady improvements to our church building. These enhancements are aimed at creating a more welcoming and functional space for our congregation and visitors. Some of these changes are minor whilst others have sort to make the building more functional.

Future Improvements

We are looking at ways we can improve our welcome area. This would include new carpet being laid and automatic doors installed. The addition of the doors will help make the building more accessible to those with pushchairs and mobility scooters. It will also help in helping keep the heat in the building, particularly during the winter.

End of Year Financial Statements

Introduction

The End of Year Financial Statements of Cullercoats Methodist Church for the year ending 31[st] August 2023 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 a decrease in Church Funds of £35,861 during the year ending 31[st] August 2022.

Contributing factors to the above decrease are as follows:

On a positive, Lettings increased by £4,707 compared to the previous year, representing a full return to PreCovid letting activity

Overall, church reserves are healthy, representing approximately 4 months of church outgoings.

List of Church Council Members (Trustees) during 2023

Rev David Wynd Minister
Mrs Jill Turner Church Council Secretary
Mr Andrew Esson Treasurer
Mr George Chapman Steward
Mr John Brown Steward
Mr Christopher Brown Steward
Mrs Linda Brown Steward
Mrs Jane Herbert Steward
Mrs Sue Carr Steward
Mrs Barbara Kemp Pastoral Committee
Mr Peter Hutton Property Secretary
Mr Robin Berks Finance Committee
Mrs Christine Williams Young Church Coordinator
Mrs Maureen Morrison Lay Workers
Mrs Carolyn Forrest Church Meeting Representative
Mrs Anne Hutton Church Meeting Representative
Mrs Kathy Wakefield Church Meeting Representative
Mrs Lynn Jones Church Meeting Representative
Mr Stewart Morrison Church Meeting Representative
Ms Pauline Wright Church Meeting Representative
Mr Andrew Carr Church Meeting Representative
Mrs Lynda Prosser Church Meeting Representative
Mr Clive Parkin Gift Aid Secretary
Mrs Karen Wiley Safeguarding Officer
Mr Graham Tipple Worship Development Group Chair

Statement of Financial Activities

Unrestricted Restricted Endowment Total Prior year
funds funds funds funds total funds
Incoming resources
1 - Offerings and Tax recoverable 100,393 100,393 90,916
2 - Interest and Investment Income 3,348 3,348 3,370
3 - Lettings 18,804 18,804 14,097
4 - Other Income 1,006 23,708 24,714 95,045
Donations for General/Project Funds 7,379
Total incoming resources 123,552 23,708 147,261 210,808
Resources used
8 - Circuit Assessment or Share 88,800 88,800 88,800
9 - Grants and Donations 80 80 100
10 - Repairs and Maintenance 11,936 11,936 7,738
11 - Insurance, Utilities, etc. 10,947 10,947 9,149
12 - Depreciation 14,634 14,634 8,100
14 - Other Expenditure 28,279 26,218 54,497 49,059
15 - Major Projects 2,226 2,226 7,503
Total resources used 140,042 43,079 183,121 170,451
Net income / (expenditure) (16,489) (19,370) (35,860) 40,356
Transfers
Gross transfers between funds - in 95,040 754 95,794 123,335
Gross transfers between funds - out (95,040) (754) (95,794) (123,335)
Net income / (expenditure) (16,489) (19,370) (35,860) 40,356
Other recognised gains / losses
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
Net movement in funds (16,489) (19,370) (35,860) 40,356
Reconciliation of funds
Total funds brought forward 113,820 41,109 154,929 114,572
Total funds carried forward 97,330 21,738 119,068 154,929
Represented by
Unrestricted
General fund 97,202 97,202 121,407
Designated
ALPHA Mission Project
Bank Transfers
Circuit Quarterly Provision 0 0 0
General - Fixed Assets (25,006) (25,006) (25,006)
H@H - Holiday at Home 729 729 729
Mission Contingency 1,900 1,900 1,120
Mission Partners 502 502 502
Outlook Mission Provision 7,500 7,500 3,600
Praise Party 0 0 0
Property Contingency 12,512 12,512 9,276
Sponsorship 0 0 0
Summer Special 1,987 1,987 2,187
Restricted
Agency collection
Benevolence 1,095 1,095 1,095
Buildings Improvement Fund 0 0 2,226
Investments @ TMCP 35,831 35,831 50,465
Memorial 979 979 979
Mission Partners
PAYE Working Fund (274) (274) (274)
Playgroup Working Fund (15,892) (15,892) (13,382)
Young Church

Balance sheet

As at
As at
31/08/2023
31/08/2022
Fixed assets
ASSAVA: Audio Visual Aids


ASSBLD: Church Buildings
1,850.00
1,850.00
ASSCHR: Chairs in Church


ASSINV: TMCP Investments
42,389.14
57,023.45
ASSMOW: Motor Mower


Total Fixed assets
44,239.14
58,873.45
Current assets
BNKBRC: Barclays 40316822
11,289.54
32,809.06
BNKCFB: CFB 28601
42,067.30
48,194.32
BNKCSH: Cash in Hand


BNKPTY: Petty Cash
200.00
200.00
BNKTMCP: TMCP 18147
998.48
998.48
BNKTSB: TSB 14408360
17,189.09
8,361.09
Z05: Accounts Receivable
3,924.47
6,332.23
Total Current assets
75,668.88
96,895.18
Liabilities
6699: Agency collections
839.16
839.16
Z04: Accounts Payable


Total Liabilities
839.16
839.16
Net Asset surplus (deficit)
119,068.86
154,929.47
Reserves
Excess / (deficit) to date
(35,860.61)
40,356.97
Z01: Starting balances
154,929.47
114,572.50
Z02: Other gains/(losses)


Total Reserves
119,068.86
154,929.47
Represented by Funds
Unrestricted
97,202.13
121,407.49
Designated
128.51
(7,587.13)
Restricted
21,738.22
41,109.11
Endowment


Total
119,068.86
154,929.47
As at
As at
31/08/2023
31/08/2022
Fixed assets
ASSAVA: Audio Visual Aids


ASSBLD: Church Buildings
1,850.00
1,850.00
ASSCHR: Chairs in Church


ASSINV: TMCP Investments
42,389.14
57,023.45
ASSMOW: Motor Mower


Total Fixed assets
44,239.14
58,873.45
Current assets
BNKBRC: Barclays 40316822
11,289.54
32,809.06
BNKCFB: CFB 28601
42,067.30
48,194.32
BNKCSH: Cash in Hand


BNKPTY: Petty Cash
200.00
200.00
BNKTMCP: TMCP 18147
998.48
998.48
BNKTSB: TSB 14408360
17,189.09
8,361.09
Z05: Accounts Receivable
3,924.47
6,332.23
Total Current assets
75,668.88
96,895.18
Liabilities
6699: Agency collections
839.16
839.16
Z04: Accounts Payable


Total Liabilities
839.16
839.16
Net Asset surplus (deficit)
119,068.86
154,929.47
Reserves
Excess / (deficit) to date
(35,860.61)
40,356.97
Z01: Starting balances
154,929.47
114,572.50
Z02: Other gains/(losses)


Total Reserves
119,068.86
154,929.47
Represented by Funds
Unrestricted
97,202.13
121,407.49
Designated
128.51
(7,587.13)
Restricted
21,738.22
41,109.11
Endowment


Total
119,068.86
154,929.47
As at
As at
31/08/2023
31/08/2022
Fixed assets
ASSAVA: Audio Visual Aids


ASSBLD: Church Buildings
1,850.00
1,850.00
ASSCHR: Chairs in Church


ASSINV: TMCP Investments
42,389.14
57,023.45
ASSMOW: Motor Mower


Total Fixed assets
44,239.14
58,873.45
Current assets
BNKBRC: Barclays 40316822
11,289.54
32,809.06
BNKCFB: CFB 28601
42,067.30
48,194.32
BNKCSH: Cash in Hand


BNKPTY: Petty Cash
200.00
200.00
BNKTMCP: TMCP 18147
998.48
998.48
BNKTSB: TSB 14408360
17,189.09
8,361.09
Z05: Accounts Receivable
3,924.47
6,332.23
Total Current assets
75,668.88
96,895.18
Liabilities
6699: Agency collections
839.16
839.16
Z04: Accounts Payable


Total Liabilities
839.16
839.16
Net Asset surplus (deficit)
119,068.86
154,929.47
Reserves
Excess / (deficit) to date
(35,860.61)
40,356.97
Z01: Starting balances
154,929.47
114,572.50
Z02: Other gains/(losses)


Total Reserves
119,068.86
154,929.47
Represented by Funds
Unrestricted
97,202.13
121,407.49
Designated
128.51
(7,587.13)
Restricted
21,738.22
41,109.11
Endowment


Total
119,068.86
154,929.47
As at
As at
31/08/2023
31/08/2022


1,850.00
1,850.00


42,389.14
57,023.45


44,239.14
58,873.45
11,289.54
32,809.06
42,067.30
48,194.32


200.00
200.00
998.48
998.48
17,189.09
8,361.09
3,924.47
6,332.23
75,668.88
96,895.18
839.16
839.16


839.16
839.16
119,068.86
154,929.47
(35,860.61)
40,356.97
154,929.47
114,572.50


119,068.86
154,929.47
Represented by Funds
Unrestricted
97,202.13
121,407.49
Designated
128.51
(7,587.13)
Restricted
21,738.22
41,109.11
Endowment


Total
119,068.86
154,929.47

Statement of assets and liabilities

Class and nominal code

ss and nominal code
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

1,200
(1,200)


1,850


57,023
65,124


1,850
1,850
3,050
(1,200)


114,240
(75,812)
(5,618)

(4,859)
53,053



200


2,544
5,817

1,850
1,850
32,809
7,047
48,194
24,928
200
200
8,361
5,408
111,925
(16,742)
(5,618)

6,332


89,564
37,584
6,332
9,854
6,332



99
16,898
(16,000)
6,332
9,854
998
998
99
16,898
(16,000)



839
998
998
839
839


839
839
839
121,407
(7,587)
41,109
154,929
114,572

Analysis of income and expenditure

Total Total
Unrestricted Designated Restricted Endowment This year Last year
Incoming resources
1 - Offerings and Tax recoverable
DONCSH - Collection Plate Cash 4,615 4,615 4,865
DONENV - Envelope Scheme 1,130 1,130 881
DONSND - Sundry Donations 8,498 8,498 6,591
DONTAX - Gift Aid Tax Recovered 16,241 16,241 14,596
DONTSB - TSB Direct Receipts 69,908 69,908 63,982
1 - Offerings and Tax recoverable 100,393 100,393 90,916
Totals
2 - Interest and Investment Income
INVINT - Investment Interest Received 1,672 1,675 3,348 3,370
2 - Interest and Investment 1,672 1,675 3,348 3,370
Income Totals
3 - Lettings
TRDLET - Letting of Premises 18,804 18,804 14,097
3 - Lettings Totals 18,804 18,804 14,097
4 - Other Income
MISPRJ - Mission Project Income 70 70
OFFPRJ - Office Project Income
PRPPRJ - Property Project Income 2,338
TRDFEE - Fees for Weddings, etc.
TRDOFF - Office Services Income 936 936 896
TRDPRP - Property Services Income
TRDPRT - Printing Services Income
VOLCMC - Appeal for CMC Funds
VOLGRT - Grants Received
VOLLEG - Legacies Received 64,214
VOLPLAY - Playgroup Receipts 23,708 23,708 27,596
DONBIF - Buildings Improvement Fund 7,379
Donations
GRTBIF - Buildings Improvement Fund
Grants
4 - Other Income Totals 936 70 23,708 24,714 102,424
Incoming resources Grand 121,807 1,745 23,708 147,261 210,808
totals
Resources used
8 - Circuit Assessment or Share
CIRASS - Circuit Assessment 88,800 88,800 88,800
8 - Circuit Assessment or Share 88,800 88,800 88,800
Totals
9 - Grants and Donations
GFTCMC - CMC General Gifts 100
MINGFT - Ministry Gifts 80 80
9 - Grants and Donations Totals 80 80 100
10 - Repairs and Maintenance
PRPBLD - Building Maintenance 4,258 4,258 1,691
PRPGRD - Garden/Grounds 1,200 1,200 200
Maintenance
PRPMTL - Cleaning/Consumable 236 236 407
Materials
PRPSTF - Property Staff 6,241 6,241 5,439
10 - Repairs and Maintenance 11,936 11,936 7,738
Totals
11 - Insurance, Utilities, etc.
UTLELC - Utilities - Electric 2,304 2,304 1,872
UTLGAS - Utilities - Gas 4,247 4,247 4,056
UTLINS - Utilities - Insurance 4,121 4,121 3,061
UTLWTR - Utilities - Water 273 273 159
11 - Insurance, Utilities, etc. 10,947 10,947 9,149
Totals
12 - Depreciation
DPRASS - Depreciate Fixed Assets 14,634 14,634 8,100
12 - Depreciation Totals 14,634 14,634 8,100
14 - Other Expenditure
GENAVA - General AVA Maintenance 2,656 2,656
GENBEV - General Beverages, etc. 806 806 491
GENBNK - General Bank
Charges/Refunds
GENLIB - General Library Costs
GENLIC - General Licenses 1,164 1,164 1,371
GENMUS - General Music Costs
GENORG - General Organist Costs 160 160
GENPUB - General Church Publicity
GENSBS - General Subscriptions
MINMIS - Mission Work 60 60 184
MINMTL - Pastoral Materials 2,468 2,468 266
MINTRN - Training Costs
MINVIS - Visiting Preacher Costs
MINYC - Young Church Costs 636 270 906 530
OFFMTL - Office Materials 1,552 1,552 1,577
OFFSRV - Office Servicing
OFFSTF - Office Staff 13,229 13,229 11,661
OFFTEL - Office Telephone/Internet 1,983 1,983 1,572
PAYPLAY - Playgroup Wages 389 25,464 25,853 27,595
PAYTAX - HMRC - Tax + NICs 754 754 424
PRTLSE - Printing Equipment Leasing 1,500 1,500 1,157
PRTMTL - Printing Material 1,401 1,401 2,227
PRTSRV - Printer Servicing
14 - Other Expenditure Totals 28,009 270 26,218 54,497 49,059
15 - Major Projects
EXPBIF - Buildings Improvement Fund 2,226 2,226 7,503
Expenditure
PRJMIN - Projects - Ministry
PRJMIS - Projects - Mission
PRJOFF - Projects - Office
PRJPRP - Projects - Property
PRJPRT - Projects - Printing
15 - Major Projects Totals 2,226 2,226 7,503
Resources used Grand totals 50,972 89,070 43,079 183,121 170,451

Conclusion

Our finances in the year ending 31[st] August 2023 continue to be healthy.

This report dated: 30[th] June 2024

Andy Esson Treasurer Cullercoats Methodist Church

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 2023

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

records kept by the charrty and a compa(iSOn of Ihe accounts Pfesenled with those records. It also Includes consideralM>n of any unusual rterns or disclosures In the accounts, and seeking explanat￿￿5 from Ihe trustees concerning any such matters. pl0￿ureS undert8ken do noi PiOVKl• all lh• avidènce that woukl be required in an audrt, and consequenlly no opmbon As given as lo whether t accounts piesenl a and trau, v*w and t1￿ report H IIMrt￿ to those matte13 sol oul In the statement be1¢74V. Ind•pend•nt Examln•f'S Stat•m•nt In C￿nec1￿ wlth my examlnation. no matter has come to rny atten￿n. (1) which gives me reasonable cause io ￿lIeve thal in any m81eri?I respect the iequiie￿nIs. . lo keep arxountirvj reLwds ￿ accwdarKe wlih sediNt 130 of Ihè Chanbeg Att. • to prepare accwnts which ac￿rd wilh the accounb.ng records and comply wrth the accounting requwements of th8 Chaillb8s Aci havè been met.. (21 to which, In my w'nion, 8ttenkn shoukl be dfawn in order to enabb& proper underslandiry ol the ac£ounts to be reached. Sfjnalure.. NamelQualrflcalK)n. QoxLc, CQYV)P< (-3?￿A.1 Tr Datè. 2 r- ?- ?oZLr Addres8. 37 GGLSflX )HifLcY @AY 2r 8PX