Charity registration number 1127082
REIGATE METHODIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
REIGATE METHODIST CHURCH
## CONTENTS
|YEARENDED31AUGUST 2021|:|
|---|---|
|eS|eS|
||Page|
|General information|1|
|Trustees’report|2toS|
|Statement offinancial activities|6|
|Balancesheet|7|
|Notestothefinancial statements|8to13|
|independentexaminer’sreport|14|
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REIGATE METHODIST CHURCH
## REFERENCE AND ADMINISTRATION DETAILS
## YEAR ENDED 31 AUGUST 2021
## Minister Rev Melvyn Cooke
Church trustees Mrs HJ Austin Rev E Brooks (from 1 September 2021) Mr M Burman Rev M Cooke Mrs J Dick (resigned 31 August 2021) Miss J Dyson Mrs E Grant (resigned 31 August 2021) Ms E Gregory Mr C F Hedderly Mr JS Hill MrJ fsaac MrsK Jefferies MrsL Jobling Mrs G Mason (from 18 April 2021) Rev C McKie Mrs A Miller Mrs M Moore Ms M Moyse Mrs E M Munro Mrs S Nelson Mr R Nelson (from 1 September 2021) Mr GL Norman Mrs R M Norman Mrs P Palmer Mr | Pattison Mrs MV Pulfer MrJ Pulfer Ms E Rayner (from 15 October 2021) Mrs LJ Thompson MrS Tickell Mrs S P Tucker Mrs J Waters Mr K Weatherald Mr M Woods (from 1 September 2021) Principal Address High Street Reigate Surrey RH2 9AE Bankers CAF Bank Limited HSBC Bank PLC Central Finance Board of the Methodist Church
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REIGATE METHODIST CHURCH
REPORT OF THE TRUSTEES
## YEAR ENDED 31 AUGUST 2021
The Trustees submit their annual report and unaudited financial statements for the year ended 31 August 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as amended by the update bulletin (effective 1 January 2019).
## Structure, governance and management
Reigate Methodist Church is one of the five churches of the Redhill & East Grinstead Circuit within the South East District of the Methodist Church. It is governed by the Constitutional Practice and Discipline of the Methodist Church. It is a registered charity 1127082.
Rev. Melvyn Cooke is the church’s full time minister, which has a membership of around 150 people. He chairs the Church Council which is the managing body of Reigate Methodist Church. It consists of 30 ex officio members and members elected at the church’s Annual General Meeting. Church Council is responsible for setting policy and for monitoring adherence to policy. It is assisted by various committees and sub-groups, including:
- Church stewards — working with the minister to plan and implement church activity
- - Property Committee — maintaining and improving the buildings, ensuring compliance with legislation
- Finance Committee — preparing budgets, scrutinising financial activity
- Pastoral groups — care and support for the church family
- Centre Management group — ensuring the Community Centre rooms are available for use by community groups
## Trustees
Mrs H J Austin
Rev E Brooks
Mr M Burman Rev M Cooke
Mrs J Dick
- MsJ Dyson
Mrs E Grant
- Ms E Gregory
- Mr CF Hedderly
Mr JS Hill
MrJ Isaac Mrs K[Jefferies] Mrs L Jobling Mrs G Mason Rev C McKie
## Ms M Moyse
Mrs EM Munro
Mrs S Nelson
Mr R Nelson
Mr G L Norman
Mrs R M Norman
Mrs P Palmer
- Mr | Pattison Mrs M V Pulfer MrJ Pulfer Ms E Rayner Mrs LJ Thompson Mr S Tickell Mrs S P Tucker Mrs J Waters
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REIGATE METHODIST CHURCH
REPORT OF THE TRUSTEES
## YEAR ENDED 31 AUGUST 2021
## Mrs A Miller Mr K Weatherald
## Mrs M Moore Mr M Woods
## Objectives, activities, achievements and performance
Reigate Methodist Church provides a Service of Methodist Worship every Sunday of the year as well as special Services particularly at Christmas and Easter and during Lent. It provides for the introduction of children, young people and adults to the Christian faith and encourages the establishment of House Groups for members and adherents to explore aspects of faith together.
For those outside the church who wish to explore the Christian faith, the Taketime project was launched in 2016 and provides on-line meditation for all people. For those wishing to explore Church membership, an annual membership Course is also run.
Reigate Methodist Church is committed to serving the people of Reigate, with an emphasis on the children, young people and the elderly of the local community. This is achieved by running children's activities such as Sunday school, youth groups and an annual Holiday Club week in the summer school holiday. For the elderly the church runs various fellowship groups with invited speakers and with bible study. A biweekly lunch is also provided for anyone over the age of 60. By making available its premises, including the attached Reigate Community Centre which opened in April 2011, the needs of the community are met by organisations such as the Playgroup, Alcoholics Anonymous, and a variety of other health and leisure activities.
Further information is available on the Reigate Methodist Church and Reigate Community Centre web sites. Between September 2020 and August 2021, the activities noted above were severely limited as a result of the Coronavirus / Covid-19 epidemic. Both Reigate Methodist Church and the attached Community Centre were closed between December 2020 and May 2021 in line with government regulations. The Church and Centre re-opened on a limited basis in May 2021, allowing resumption of church services, children’s and youth meetings, and some community group activities. Church services are now available on YouTube. Pastoral activity (including newsletters, phone calls and Zoom sessions) has aimed to make sure that members of the church family who cannot visit the church itself are able to stay in touch. Continued opening of the Church and Centre remains subject to government regulations.
The reduction in lettings income between September 2020 and August 2021 has had a marked effect on the Charity’s finances. However, the Charity’s reserves are sufficient to maintain its activities for at least the next two years, pending a return to more normal conditions.
## Public benefit reporting
The trustees have had due regard to the Charity Commission guidance on public benefit whilst setting the objectives and activities of the Charity.
## Reserves policy
The church’s policy for unrestricted funds is to hold not less than 50% of annual expenditure in order to meet unexpected and unbudgeted demands, especially considering the age of the church building and the increase in regulatory requirements.
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REIGATE METHODIST CHURCH
REPORT OF THE TRUSTEES
## YEAR ENDED 31 AUGUST 2021
The policies for restricted funds are as follows:
## Organ& Music Funds
To make available funds to support the music life of the church including building a reserve to contribute to the cost of major overhaul to the organ and to assist in the training of organists.
Benevolence Fund To be used at the discretion of the Minister for meeting urgent local need. Gift Day To be used towards specific projects as specified for each Gift Day.
## Risk assessment policy
The church maintains a risk register covering strategic, operational, financial and people risks. The register is reviewed and updated by the governing committees of the church and by Church Council. Specific risk assessments exist covering areas such as health and safety, food hygiene, and protection of children and vulnerable adults.
## Financial review
The church is funded by donations and regular contributions made by the congregation. This source of income held up well despite the impact of the Coronavirus epidemic. However, the rental income from the Community Centre amounted to £27,631 (2020: £42,399) which is significantly lower than the previous year, which was also adversely affected by the epidemic.
The church held total funds of £2,529,310 (2020: £2,575,939) at the end of the year. The majority of the funds are held as fixed assets; at the year-end totalling £2,136,897 (2020: £2,182,459) as well as an accumulated surplus in restricted funds of £7,805 (2020: £7,938). The church therefore had free reserves at 31 August 2021 of £384,608 (2020: £385,543).
## Plans for future periods
Church Council meets regularly to discuss and approve annual budgets, initiatives to encourage membership, worship and faith, and maintenance of and improvements to the premises. The church continues to be a central part of the Reigate community with the Community Centre hub café being open regularly. The church continues to get support from its volunteers.
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22 February 2022
REIGATE METHODIST CHURCH
## STATEMENT OF FINANCIAL ACTIVITIES
## FOR THE YEAR ENDED 31 AUGUST 2021
**----- Start of picture text -----**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Total|Total|
|Unrestricted|Restricted|funds|funds|
|Notes|funds|funds|2021|2020|
|£|£|£|£|
|INCOME|FROM:|
|Donations|and|legacies|2|59,316|-|59,316|60,734|
|Investments|5|11,574|-|11,574|2,384|
|Other trading|activities|(Lettings)|27,631|-|27,631|42,399|
|Other|5,182|-|5,182|10,464|
|TOTAL INCOME|103,703|-|103,703|115,981|
|EXPENDITURE|ON:|
|Charitable|activities|3|150,199|133|150,332|182,365|
|TOTAL EXPENDITURE|150,199|133|150,332|182,365|
|Net|income/(expenditure)|(46,496)|(133)|(46,629)|(66,384)|
|Net movement|in funds|(46,496)|(133)|(46,629)|(66,384)|
|Total|funds|brought forward|at|1|September 2020|2,568,001|7,938|2,575,939|2,642,343|
|Total funds carried forward|at 31 August 2021|= 2,521,505|7.805|2,529,310|2,575,939|
**----- End of picture text -----**
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REIGATE METHODIST CHURCH
## BALANCE SHEET
## AS AT 31 AUGUST 2021
||Notes||2021||2020|
|---|---|---|---|---|---|
||||£||£|
|Fixed assets||||||
|Tangible fixed assets|7||2,136,897||2,182,459|
|Current assets||||||
|Debtorsand prepayments|8||183,126||176,430|
|Cash atbankand in hand|||211,159||219,499|
||||394,285||395,929|
|Creditors:amounts fallingdue|9||(1,872)||(2,449)|
|within oneyear||||||
|Net currentassets|||392,413||393,480|
|Total assets less current liabilities|||2,529,310||2,575,939|
|Funds||||||
|Restricted funds|11||7,805||7,938|
|Unrestricted funds||||||
|-
General|10|2,502,916||2,549,412||
|-
Designated||18,589||18,589||
||||2,521,505||2,568,001|
||||2,529,310||2,575,939|
Approved by the Church Council on Lm Ss Sdonaxy and signed on behalf of the Council by 2OEL.
Rev E Brooks Chair
**----- Start of picture text -----**
\ een
lan Pattison eee a
Treasurer
**----- End of picture text -----**
The accompanying notes on pages 8 to 13 form part of these financial statements.
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REIGATE METHODIST CHURCH
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 AUGUST 2021
## 1 Principal accounting policies
## Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The church constitutes as a public entity as defined by FRS 102.
## Going Concern
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Donations are recognised when they have been communicated as received in writing with notification of both the amount and settlement date.
Legacies are recognised on a case by case basis following the granting of probate when the administrator/ executor for the estate has communicated in writing both the amount and settlement date.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank.
## Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources. The trustees consider all costs to be incurred in the course of carrying out the charitable objectives and there are no support costs.
## Grant making policy
Where the charity gives a grant, this is done so without performance conditions and therefore such grants are recognised in the Statement of Financial Activities when the commitment has been made.
## Funds and reserves
## Funds held by the charity are:
Unrestricted funds — these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds — these are funds made up of monies set aside by the charity out of unrestricted funds for specific future purposes or projects.
Restricted funds — these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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REIGATE METHODIST CHURCH
FOR THE YEAR ENDED 31 AUGUST 2021
## NOTES TO THE FINANCIAL STATEMENTS
## Cash at bank and in hand
Cash at bank and in hand includes cash and short-term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## Creditors
Creditors are recognised when there is an obligation at the Balance Sheet date as a result of a past event, itis probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## Donations and volunteers
A certain amount of time is expended on the charity’s activities, which is donated free of charge. It is not possible to quantify the value of time given and accordingly it is neither recorded as donated income or as an expense in the financial statements.
## Fixed assets
Fixed assets are included in the balance sheet at cost. Large items are capitalised in the accounts at the discretion of the Trustees. Depreciation is calculated on the cost (excluding land), less estimated residual value over its useful life as follows:
Buildings 50 years straight line Equipment 4 years straight line
## 2 Donations and legacies
|2 Donations andand legacies|||||
|---|---|---|---|---|
||||Total|Total|
||Unrestricted|Restricted|funds|funds|
||funds|funds|2021|2020|
||£|£|£|£|
|Maintenance& restoration fund|-|-|-|-|
|Sundrydonations and collections income|45,539|-|45,539|49,299|
|GiftAid received and receivable|13,777|-|13,777|11,435|
|Legacy|-|-|-|-|
||59,316|-|59,316|60,734|
In 2020, income attributable to the restricted fund totalled £1,162.
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REIGATE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 AUGUST 2021
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|3|Resources|expended|
|Total|Total|
|Unrestricted|Restricted|funds|funds|
|funds|funds|2021|2020|
|£|£|£|£|
|Charitable|activities|
|Circuit assessment|60,000|-|60,000|60,000|
|Grants|and|donations|-|133|133|1,018|
|Repairs,|maintenance|and|cleaning|26,483|-|26,483|47,524|
|Insurance|and|utilities|11,032|~|11,032|13,925|
|Church|and|ministry sundries|5,562|-|5,562|7,441|
|Depreciation|45,562|-|45,562|50,958|
|independent exam fee|1,560|-|1,560|1,500|
|150,199|133|150,332|182,365|
**----- End of picture text -----**
## in 2020, expenditure attributable to the restricted fund totalled £1,018.
## 4 Trustee remuneration
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|The trustees|have|received|no|remuneration|or expenses from the|Charity during the year and|the|previous|
|year.|
|Employee|remuneration|-|2021|2020|
|£|£|
|Wages|and|salaries|-|-|
|Average|number of staff employed|weekly|:|:|
|No employee|earned|at|a|rate greater than|£60,000|per annum|(2020:|Nil).|
**----- End of picture text -----**
## 5 Investment income
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Interest|received|on|deposit accounts|2,436|2,609|
|Gain|on|investment|9,138|-225|
|11,574|2,384|
**----- End of picture text -----**
## 6 Corporation tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent these are applied to its charitable objects.
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REIGATE METHODIST CHURCH
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 AUGUST 2021
|7 Fixed assets||||
|---|---|---|---|
||Land and|||
||Buildings|Equipment|Total|
||£|£|£|
|Cost||||
|At1September2020|2,307,948|144,865|2,452,813|
|Additions|-|-|-|
|At31August2021|2,307,948|144,865|2,452,813|
|Depreciation||||
|At 1September2020|161,125|109,229|270,354|
|Chargeforthe year|17,968|27,594|45,562|
|At31August2021|179,093|136,823|315,916|
|Net bookvalue||||
|At31August 2021|2,128,855|8,042|2,136,897|
|At31August2020|2,146,823|35,636|2,182,459|
The property title is held by Trustees for Methodist Church Purposes as custodian trustee. The property is incorporated into the financial statements in accordance with agreed guidance.
|8 Debtors||||2021|2020|
|---|---|---|---|---|---|
|||||£|£|
|Loan toYMCA EastSurrey||||150,000|150,000|
|Debtorsand prepayments||||33,126|26,430|
|||||183,126|176,430|
|Included within Debtors is a loantoYMCA EastSurrey||Surrey which isduegreaterthan||1 year.||
|9 Creditors: amountsfallingdue|duewithinoneyear|||2021|2020|
|||||£|£|
|Creditorsand accruals||||1,872|2,449|
|10 Funds||||||
|||Unrestricted|Unrestricted|Restricted|Total|
|||general|designated|funds|funds|
|||funds|funds|||
||||£|£|£|
|Balance brought forward at|1September2020|=.2,549,412|18,589|7,938|2,575,939|
|(Deficit)/Surplus fortheyear||(46,496)|-|(133)|(46,629)|
|Transfers between funds||-|“|-|-|
|Balancecarriedforwardat31August2021||2,502,916|18,589|7,805|2,529,310|
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REIGATE METHODIST CHURCH
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 AUGUST 2021
## 12 Analysis of net assets between funds
|12 Analysis of net assets betweenof net assets betweennet assets betweenassets betweenbetween funds|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Totalfunds||
||funds|funds|2021||
||£|£|£||
|Fixed assets|2,136,897|-|2,136,897||
|Debtors|183,126|~|183,126||
|Cash at bankand in hand|203,354|7,805|211,159||
|Creditors: amounts fallingdue within oneyear|(1,872)|-|(1,872)||
||2,521,505|7,805|2,529,310||
|12a Analysis ofnetassetsbetween fundsprioryear|||||
||Unrestricted|Restricted|Totalfunds||
||funds|funds|2021||
||£|£|£||
|Fixed assets|2,182,459|-|2,182,459||
|Debtors|176,430|-|176,430||
|Cash at bankand in hand|211,561|7,938|219,499||
|Creditors:amounts fallingduewithin oneyear|(2,449)|-|(2,449)|||
||2,568,001|7,938|2,575,939||
## 13 Related party transactions
There were no related party transactions in the year that require disclosure under SORP 2019 (FRS 102).
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**REIGATE METHODIST CHURCH**
**INDEPENDENT EXAMINER’S REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **Independent Examiner's Report to the Trustees of Reigate Methodist Church**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2021.
This report is made solely to the Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) regulations 2008. My work has been undertaken so that I might state to the Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
Having satisfied myself that the accounts of the charity are not required to be audited and are eligible for an independent examination, I report in respect of my examination of the charity’s accounts carried out under section 145 of the Charities Act 2011(‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(B) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
## **James Peach BSc FCA For and on behalf of Kreston Reeves LLP**
**Chartered Accountants A2 Yeoman Gate Yeoman Way Worthing West Sussex BN13 3QZ**
## **Date: 7 March 2022**
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