OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-08-31-accounts

Cullercoats Methodist Church

End of Year Financial Statements Year ending 2024

Page 1

==> picture [455 x 124] intentionally omitted <==

----- Start of picture text -----
ant eee ———mC =—- _—=<“(ar;éstsrmr srr So
ee oe ie kf @ bo eee ee hr CULT ;
eee TL Eel th die om (eee. = if.
a in a. 4 oe B Ff od ao fot vce : Nes
So pee ee
bie SSeS SSee a
----- End of picture text -----

Annual Report of the (Managing). Trustees

(covering the year from September 2023 to August 2024)

Page 2

Introduction

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 particularly 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 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 has left a big gap. Their involvement in the life of the church has been significant and their absence will be deeply felt.

In last year’s report we identified that the challenge for the church was to find the right people to fill these roles moving forward. We are confident that we have managed this, from the first half of 2024 we secured Chris Brown as replacement Treasurer, Jill Turner as Property Secretary, and Caroline

Page 3

Maule as Administrator. All three were agreed at the AGM. After extensive handover arrangements all three appointees are growing in confidence in their roles. After such significant changes no doubt we will experience some minor problems but feel that these issues will be resolved and provide a firm base for the future.

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 days of fun and celebration. The event featured games, music, craft and drama, and was wellreceived 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 staff's 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 sought to make the building more functional.

Page 4

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. These improvements have been agreed and actioned. These improvements will be outlined in next year’s report.

Page 5

End of Year Financial Statements

Introduction

The End of Year Financial Statements of Cullercoats Methodist Church for the year ending 31° August 2024 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, welcome, increase in Church Funds of £9,178 during the year ending 31° August 2024.

Contributing factors to the above increase are as follows:

Offset against this are general inflationary pressures on such items as staff costs, utilities and consumables.

Overall, church reserves are healthy, representing approximately 5 months of church outgoings.

Page 6

Statement of Financial Activities

Unrestricted Restricted Endowment Total ‘Prioryear
funds funds funds funds total funds
Incoming resources
1 - Offerings andTax recoverable
2 - Interestand Investment Income
109,856
3,561
—_—

—_—
109,856
3,561
100,393
3,348
3 - Lettings 20,671 20,671 18,804
4 - Other Income 11,286 26,222 37,508 24,714
Donations for General/Project Funds _ _— =
Total income 145,375 26,222 171,598 147,261
Resources used
8 - Circuit Assessment or Share 87,226 87,226 88,800
9 - Grants and Donations 80
10 - Repairs and Maintenance 10,857 10,857 11,936
11 - Insurance, Utilities, etc. 10,556 —_— 10,556 10,947
12 - Depreciation
14 - Other Expenditure
=
25,910
—_—
27,869


53,779
14,634
54,497
15 - Major Projects _ _— 2,226
Total expenditure 134,550 27,869 162,420 183,121
Gains / losses on investment assets —_ —_—
Net income / (expenditure) resources before 10,824 (1,647) 9,177 (35,860)
transfer
Transfers
Gross transfers between funds - in 85,990 665 86,655 95,794
Gross transfers between funds - out (85,990) (665) —_— (86,655) (95,794)
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use _ _ _ =
Netmovement in funds 10,824 (1,647) _— 9,177 (35,860)
Total funds broughtforward 97,330 21,738 _— 119,068 154,929
Total funds carried forward 108,155 20,091 _ 128,246 119,068
Represented by
Unrestricted
General fund 107,298 107,298 97,202
Designated
ALPHA Mission Project
Bank Transfers _—
Circuit Quarterly Provision (7,249) _— —_— (7,249) 0
General - Fixed Assets (25,006) (25,006) (25,006)
H@H- Holiday at Home 729 _— 729 729
Mission Contingency 2,680 2,680 1,900
Mission Partners 502 502 502
Outlook Mission Provision 11,400 11,400 7,500
Praise Party 0 0 0
Property Contingency 15,810 15,810 12,512
Sponsorship
Summer Special
0
1,987
_—

—_—
0
1,987
0
1,987
Restricted
Agency collection _ = _—
Benevolence 1,095 1,095 1,095
Buildings Improvement Fund 0 0 0
Investments
@TMCP
35,831 35,831 35,831
Memorial _— 979 979 979
PAYE Working Fund = (580) (580) (274)
Playgroup Working Fund (17,234) (17,234) (15,892)
YoungChurch —_—

Page 7

Balance sheet

==> picture [527 x 430] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Class|and|code|Description|This year|Last year| |Fixed|assets| |ASSAVA|Audio|Visual|Aids|—|—| |ASSBLD|Church|Buildings|1,850|1,850| |ASSCHR|Chairs|in|Church|—|——| |ASSINV|TMCP|Investments|42,389|42,389| |ASSMOW|Motor|Mower|——|—| |Total|Fixed|assets|44,239|44,239| |Current|assets| |BNKBRC|Barclays|40316822|26,665|11,289| |BNKCFB|CFB|28601|41,890|42,067| |BNKCSH|Cash|in|Hand|—|—| |BNKPTY|Petty|Cash|200|200| |BNKTMCP|TMCP|18147|998|998| |BNKTSB|TSB|14408360|9,958|17,189| |Z05|Accounts|Receivable|5,134|3,924| |Total|Current|assets|84,846|75,668| |Liabilities| |6699|Agency|collections|839|839| |Z04|Accounts|Payable|——|—| |Total|Liabilities|839|839| |Net Asset|surplus(deficit)|128,246|119,068| |Reserves| |Excess|/|(deficit)|to|date|9,177|(35,860)| |Z01|Starting|balances|119,068|154,929| |Z02|Other|gains/(losses)|=|=| |Total|Reserves|128,246|119,068| |Represented|by|funds| |Unrestricted|107,298|97,202| |Designated|856|128| |Restricted|20,091|21,738| |Endowment|—|—_| |Total|128,246|119,068|

----- End of picture text -----

Statement of assets and liabilities

==> picture [523 x 133] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |General|Designated|Restricted|Endowment|This|year|Last|year| |Fixed|assets|-|Investments| |TMCP|Investments|-||(6,543)|48,932||42,389|42,389| |Totals||(6,543)|48,932|—|42,389|42,389| |Fixed|assets|-|Tangible|assets| |Audio|Visual Aids|-|1,200|(1,200)|—||—|| |Church|Buildings|-|1,850||—||1,850|1,850| |Totals|3,050|(1,200)|—||1,850|1,850| |Current|assets|-|Cash|at|bank|and|in|hand| |Barclays 40316822|-|130,786|(92,118)|(12,002)||26,665|11,289| |CFB|28601|-|(169,913)|211,803|—|—|41,890|42,067| |Petty Cash|-||200||_—|200|200|

----- End of picture text -----

Page &

| | | |

TSB 14408360 - Totals 138,141
99,014
(128,182)
(8,298)
_—
(12,002)

9,958
78,713
17,189
70,745
Current assets - Debtors
Accounts Receivable - 5,134 _— _— _— 5,134 3,924
Totals 5,134 _ _ _ 5,134 3,924
Current assets - Investments
TMCP 18147 - Totals 99
99
16,898
16,898
(16,000)
(16,000)
—_—
=
998
998
998
998
Liabilities
-Agency accounts
Agency collections - _ _ 839 _ 839 839
Totals = _ 839 —_ 839 839
Grandtotal 107,298 856 20,091 _— 128,246 119,068

Fund movement by type

|

Opening Incoming Outgoing Transfers Gains/losses Journals Closing
BIF - Buildings Improvemen
Restricted
Sub-total for BIF
0
Q


_—
=
_
_
im
0
0
FIXED - General - Fixed Asse
Designated
Sub-total for FIXED
(25,006)
(25,006)





(25,006)
(25,006)
HH -H@H- Holiday atHom
Designated
729 = = 729
Sub-total for HH 729 _ _ _ _ _ 729
TRANSFERS- BankTransfers
Designated
_ _ _ —_ _
Sub-total forTRANSFERS _— _ _ —_ _ _
General - General fund
Unrestricted
Sub-total forGeneral
97,202
97,202
143,637
143,637
47,550
47,550
(85,990)
(85,990)

_
107,298
107,298
TMCP - Investments
@TMCP
Restricted 35,831 _ _ _ _ 35,831
Sub-total forTMCP 35,831 —_— _— _— _ 35,831
MEM - Memorial
Restricted
Sub-total forMEM
979
979





979
979
BEN - Benevolence
Restricted
Sub-total for BEN
4,095
1,095
—_



_
4,095
1,095
MISCON - Mission Contingency
Designated
Sub-total forMISCON
1,900
1,900


780
780


2,680
2,680
PRPCON- Property Contingency
Designated
12,512 1,738 = 1,560 _ _ 15,810
Sub-total forPRPCON 12,512 1,738 _ 1,560 —_ _— 15,810
CIRCUIT - Circuit Quarterly Pr
Designated
Sub-total forCIRCUIT
0
0

87,000
87,000
79,750
79,750


7,249
(7,249)
OUTLOOK - Outlook Mission Prov
Designated
Sub-total forOUTLOOK
75000
85900
400
7,500


3,900


11,400
MISPAR- Mission Partners
Designated
a

Page 9

|

==> picture [535 x 692] intentionally omitted <==

----- Start of picture text -----
Sub-total for MISPAR 502 _ _ _ _ _ 502
ALPHA - ALPHA Mission Projec
Designated _ = _ _ _
Sub-total for ALPHA _ _ _ _ _ _
SUMMER - Summer Special
Designated 1,987 _ _ _ _ _ 1,987
Sub-total for SUMMER 1,987 _ _ _
— 1,987
PRAISE- Praise Party
Designated 0 _ _ _ _ _ 0
Sub-total for PRAISE 0 _ _ _ _ _ 0
SPONSOR- Sponsorship
Designated 0 = = — = = 0
Sub-total for SPONSOR i) — = — — — 0
YOUNG - Young Church
Restricted _ _
— _ _ _
Sub-total for YOUNG _ _ —
_ — = —
PAYE - PAYE Working Fund
Restricted (274) _ 971 665 _ _ (580)
Sub-total for PAYE (274) _ 971 665 _ _ (580)
PLAY - Playgroup Working Fu
Restricted (15,892) 26,222 26,897 (665) _ panel (17,234)
Sub-total for PLAY (15,892) 26,222 26,897 (665) _ _ (17,234)
Grand total 119,068 171,598 162,420 _ _ _ 128,246
Analysis of income income and expenditure
Total
Unrestricted Designated Restricted Endowment _ This year Last year
INCOME AND ENDOWMENTS
1 - Offerings and Tax recoverable
DONCSH- Collection Plate Cash 7,842 — — — 7,842 4,615
DONENV - Envelope Scheme 1,510
— —— 1,510 1,130
DONSND - Sundry Donations 10,822 — — — 10,822 8,498
DONTAX- Gift Aid Tax Recovered 16,731 — — — 16,731 16,241
DONTSB - TSB Direct Receipts 72,949 — _ — 72,949 «69,908
Total 109,856 —
— — — 109,856 100,393
2 - Interest and Investment Income
INVINT - Investment Interest 1,822 1,738 —
— — 3,561 3,348
Received eet —
Total 1,822 1,738 — — 3,561 3,348
3 - Lettings
TRDLET - Letting of Premises 20,671
— _ —. 20,671 18,804
Total 20,671 —— — — 20,671 18,804
4 - Other Income
MISPRJ - Mission Project Income 546 — _ — 546 70
OFFPR4 - Office Project Income — —
— — — _
----- End of picture text -----

Analysis of income income and expenditure

Page 10

|

| |

,

|

PRPPRJ - Property Project Income
TRDFEE - Fees forWeddings, etc.
TRDOFF - Office Services Income
TRDPRP - Property Services Income
50
—_—
8,941
1,748



—_—






50

8,941
1,748

=
936
—_—
TRDPRT - Printing Services Income = _
VOLCMC - Appeal forCMC Funds
VOLGRT - Grants Received


—_—
=
—_


—_

VOLLEG - Legacies Received
VOLPLAY - Playgroup Receipts
Total

—_
11,286

=

26,222
26,222

_

26,222
37,508
_
23,708
24,714
4 - Other Income - Donations for General/Project Funds
DONBIF - Buildings Improvement
Fund Donations
GRTBIF - Buildings Improvement
—_—
Fund Grants
Total
INCOMETOTAL

143,637

1,738

26,222

—_—

171,598

147,261
EXPENDITURE
8 - Circuit Assessment or Share
CIRASS - CircuitAssessment 226 87,000 _— _— 87,226 88,800
Total 226 87,000 87,226 88,800
9 - Grants and Donations
GFTCMC -CMC General Gifts —_ —_
MINGFT - Ministry Gifts
Total
_
=
_
_
_
80
80
10 - Repairs and Maintenance
PRPBLD - Building Maintenance
PRPGRD - Garden/Grounds
1,548
200



1,548
200
4,258
1,200
Maintenance
PRPMTL - Cleaning/Consumable
340 _— 340 236
Materials
PRPSTF- Property Staff
Total
8,768
10,857

_—

8,768
10,857
6,241
11,936
11 - Insurance, Utilities, etc.
UTLELC - Utilities - Electric
UTLGAS- Utilities -Gas
UTLINS - Utilities - Insurance
UTLWTR- Utilities -Water
Total
3,154
4,505
2,604
291
10,556
—_










_
3,154
4,505
2,604
291
10,556
2,304
4,247
4,121
273
10,947
12 - Depreciation
DPRASS - Depreciate FixedAssets
Total

=
_

=
14,634
14,634

Page 11

==> picture [531 x 449] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |14|-|Other|Expenditure| |GENAVA|-|General|AVA|1,174|—|—|—|1,174|2,656| |Maintenance| |GENBEV-|General|Beverages,|etc.|798|—|—|—|798|806| |GENBNK|-|General|Bank||—|—|—|—|—| |Charges/Refunds| |GENLIB|-|General|Library|Costs|—|=|—|—|—|—| |GENLIC|-|General|Licenses|1,277|—|—|——|1,277|1,164| |GENMUS|-|General|Music|Costs|=||—|—|—|—| |GENORG|-|General|Organist|Costs|—|—|aan|—|—|160| |GENPUB|-|General|Church|Publicity|—|—|—|—|—|—| |GENSBS|-|General|Subscriptions|30|—|—|—|30|——| |MINMIS|-|Mission|Work|—|—|—|—|—|60| |MINMTL|-|Pastoral|Materials|1,174|—|—|—|1,174|2,468| |MINTRN-|Training|Costs||—|—|—|—|=| |MINVIS|-|Visiting|Preacher|Costs|—|—|—|—|—|=| |MINYC|- Young|Church|Costs|1,061|—|—|—|1,061|906| |OFFMTL|-|Office|Materials|1,861|—|—|—|1,861|1,552| |OFFSRV-|Office|Servicing|—|—|—|—|—|=| |OFFSTF|-|Office|Staff|13,332|—|—|—|13,332|13,229| |OFFTEL|-|Office|Telephone/Internet|2,808|—|—|—|2,808|1,983| |PAYPLAY|-|Playgroup|Wages|=|—|26,897|—|26,897|25,853| |PAYTAX|- HMRC|- Tax|+|NICs|—|—|971|—|971|754| |PRTLSE-|Printing|Equipment|1,802|—|—|—|1,802|1,500| |Leasing| |PRTMTL|-|Printing|Material|587|—|—|—|587|1,401| |PRTSRV-|Printer|Servicing|—|—|—|—|—|—| |Total|25,910|—|27,869|—|53,779|54,497| |15|-|Major|Projects| |EXPBIF|-|Buildings|Improvement|—|—|—|—|—|2,226| |Fund|Expenditure| |PRJMIN|-|Projects|-|Ministry|—|—||—|—|—| |PRJMIS|-|Projects|-|Mission|—|—|—|—|—|—| |PRJOFF|-|Projects|-|Office|—|—|—|—|—|—| |PRJPRP|-|Projects|-|Property|—|—|—|—|—|—| |PRJPRT|-|Projects|-|Printing|—|—|—|—||—| |Total|—|—|—|—|—|2,226| |EXPENDITURE|TOTAL|47,550|87,000|27,869|—|162,420|183,121| |GRAND TOTAL|96,086|(85,261)|(1,647)|_|9,177|(35,860)|

----- End of picture text -----

e Conclusion

Our finances in the year ending 31% August 2024 continue to be healthy with some improvement on last year.

This report dated: 10" May 2025

Chris Brown Treasurer Cullercoats Methodist Church

Page 12

|

independent examiner’s report to the trustees of

==> picture [119 x 9] intentionally omitted <==

----- Start of picture text -----
Cullercoats Methodist Church
----- End of picture text -----

Charity registration number 1126410

| report on the accounts of the church for the year ended 31 August 2024.

Respective responsibilities of trustees and examiner

The church’s trustees are responsible for the preparation of the accounts. The church’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:

==> picture [1 x 2] intentionally omitted <==

----- Start of picture text -----
;
----- End of picture text -----

Basis of examiner’s statement My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual ‘tems or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be req uired in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

==> picture [2 x 1] intentionally omitted <==

----- Start of picture text -----
.
----- End of picture text -----

John Bedigan Accountant and Tax Consultant 24 Otterburn Road North Shields Tyne and Wear NE29 9BI 26/06/2025

Page 13