Charity registration number 1127082 REIGATE METHODIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 REIGATE METHODIST CHURCH YEAR ENDED 31 AUGUST 2022 ## CONTENTS ate ct ee ||Page| |---|---| |General information|1| |Trustees’ report|2to5| |Statement offinancial activities|6| |Balance sheet|7| |Notestothefinancialstatements|8to 13| |Independentexaminer’sreport|14| ## REIGATE METHODIST CHURCH REFERENCE AND ADMINISTRATION DETAILS YEAR ENDED 31 AUGUST 2022 ## ceeTns Minister Rev Elisabeth Brooks Church trustees Mrs H J Austin Rev G Baalham (appointed 1° September 2022) Rev E Brooks Mr M Burman Rev M Cooke (resigned 31% August 2022) Miss J Dyson Ms E Gregory Mr C F Hedderly MrJS Hill MrJ Isaac Mrs K Jefferies Mrs L Jobling Mrs S Leppard (appointed 10™ April 2022) Mrs G Mason Rev C McKie Mrs A Miller Mrs M Moore Ms M Moyse (resigned 28" February 2022) Mrs E M 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 MrS Tickell Mrs S P Tucker Mrs J Waters Mr K Weatherald Mr M Woods Principal Address High Street Reigate Surrey RH2 9AE Bankers CAF Bank Limited HSBC Bank PLC Central Finance Board of the Methodist Church 1 REIGATE METHODIST CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31 AUGUST 2022 ega The Trustees submit their annual report and unaudited financial statements for the year ended 31 August 2022. 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, 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. Elisabeth Brooks is the minister who has pastoral charge at Reigate Methodist Church, which has a membership of 151 people, plus 74 adherents. She chairs the Church Council which is the managing body of Reigate Methodist Church. It consists of 32 ex officio members and members elected at the church’s Annual Church 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 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 ## Mrs E M Munro Rev G Baalham Rev E Brooks Mr M Burman MsJ Dyson Ms E Gregory Mr C C F Hedderly Mr JS Hill Mrs S Nelson Mr R Nelson Mr GL Norman Mrs R M Norman Mrs P Palmer Mr C C F Hedderly Mr | Pattison Mr JS Hill Mrs M V Pulfer MrJJ Isaac Mr[J][Pulfer] Mrs K Jefferies Ms E Rayner MrsL Jobling Mrs LJ Thompson Mrs S Leppard MrS Tickell Mrs G Mason Mrs S P Tucker MrJJ Isaac Rev C McKie Mrs J Waters Mr K Weatherald Mr M Woods Mrs A Miller Mrs M Moore 2 REIGATE METHODIST CHURCH YEAR ENDED 31 AUGUST 2022 ## REPORT OF THE TRUSTEES ## oe are a a ## 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. The church runs various fellowship groups with invited speakers and with bible study. Pastoral activity (including newsletters, phone calls and visits) aims to make sure that members of the church family who cannot visit the church itself are able to stay in touch. 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 Alcoholics Anonymous, a children’s nursery and a variety of other health and leisure activities. The Hub café is open most days of the week. Further information is available on the Reigate Methodist Church and Reigate Community Centre web sites. During 2020 and 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 for 6 months in line with government regulations. The Church and Centre re-opened in May 2021, allowing gradual resumption of church services, children’s and youth meetings, and community group activities. Church services are now available on YouTube. Continued opening of the Church and Centre remains subject to government regulations. ## 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. 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. 3 REIGATE METHODIST CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31 AUGUST 2022 ce eeepc cine sme AERC AE css tet ## 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 policies and procedures exist covering areas such as health and safety, food hygiene, protection of children and vulnerable adults, and data protection. ## 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. Rental income from the Community Centre amounted to £55,136 (2021: £27,631) which is significantly higher than the previous year, which was adversely affected by the Covid epidemic. The church held total funds of £2,502,128 (2021: £2,529,310) at the end of the year. The majority of the funds are held as fixed assets; at the year-end totalling £2,145,596 (2021: £2,136,897) as well as an accumulated surplus in restricted funds of £8,424 (2021: £7,805). The church therefore had free reserves at 31 August 2022 of £348,108 (2021: £384,608). The Charity’s reserves are sufficient to maintain its activities for the foreseeable future, following a return to more normal conditions after the Covid epidemic. ## 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. ## Statement of trustee responsibilities The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - e select suitable accounting policies and then apply them consistently; e observe the methods and principles of the Charities SORP (FRS 102); e make judgements and estimates that are reasonable and prudent; - e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the association will continue in business. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts Reports) Regulations 2008 and trust deed. They are also A REIGATE METHODIST CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31 AUGUST 2022 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on Bh Mw) 22 Sand signed on their behalf by a Rev E Brooks Chair 5 REIGATE METHODIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 ntee mee eet **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Total|Total| |Unrestricted|Restricted|funds|funds| |Notes|funds|funds|2022|2021| |£|£|£|E.| |INCOME|FROM:| |Donations|and|legacies|2|64,740|19|64,759|59,316| |Investments|5|(1,341)|-|(1,341)|11,574| |Other trading|activities|(Lettings)|55,136|-|55,136|27,631| |Other|14,124|_|ee|14,124|5,182| |TOTAL INCOME|132,659|19|132,678|103,703| |EXPENDITURE|ON:| |Charitable|activities|3|159,460|400|159,860|150,332| |TOTAL EXPENDITURE|163,161|400|163,561|150,332| |Net income/(expenditure)|(26,801)|(381)|(27,182)|(46,629)| |Transfer|between funds|(1,000)|1,000|-|-| |Net movement|in funds|(27,801)|619|(27,182)|(46,629)| |Total|funds brought forward|at 1 September 2021|2,521,505|7,805|2,529,310|2,575,939| |Total funds carried forward at 31 August 2022|2,493,704|8,424|2,502,128|2,529,310| **----- End of picture text -----**
6 7 March 2023 REIGATE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## pn nn et 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. Income from lettings is recognised in the Statement of Financial Activities in the period to which it relates. 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 8 REIGATE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 nnnnnnnnUnS ce 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. ## 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, it is 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 Donationsandlegacies|||Total|Total| |---|---|---|---|---| ||Unrestricted|Restricted|funds|funds| ||funds|funds|2022|2021| ||£|£|£|£| |Maintenance& restoration fund
Sundrydonationsandcollections income
GiftAid received and receivable|6,474
47,809
10,457|-
19
-|6,474
47,828
10,457|-
45,539
13,777| |Legacy|-|=|-|=| ||64,740|19|64,759|59,316| In 2021, income attributable to the restricted fund totalled £0. 9 REIGATE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 |nr|nr|nr|nr|nr| |---|---|---|---|---| |3 Resourcesexpended|||Total|Total| ||Unrestricted|Restricted|funds|funds| ||funds|funds|2022|2021| ||£|£|£|£| |Charitable activities
Circuitassessment
Grantsand donations
Repairs,maintenance andcleaning
Insuranceand utilities
Churchand ministrysundries
Depreciation
Independentexamfee|60,000
800
38,500
19,000
15,034
24,506
1,620
159,460|-
400
-
-
-
-
-
400|60,000
1,200
38,500
19,000
15,034
24,506
1,620
159,860|60,000
133
26,483
11,032
5,562
45,562
1,560
150,332| In 2021, expenditure attributable to the restricted fund totalled £133. ## 4 Trustee remuneration The trustees have received no remuneration or expenses from the Charity during the year and the previous |year.
Employee remuneration -|2022
£|2021
£| |---|---|---| |Wagesand salaries|-|-| |Average numberofstaffemployedweekly|-|:| |Noemployeeearned ata rategreaterthan£60,000 perannum (2021: Nil).||| |5 Investment income||| ||2022|2021| ||£|£| |Interest receivedondepositaccounts
(Loss)/Gainoninvestment|2,360
(3,701)
(1,341)|2,436
9,138
11,574| ## 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. 10 REIGATE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## i 7Fixed assets |7Fixed
Fixed assets|||| |---|---|---|---| ||Land and||| ||Buildings|Equipment|Total| ||£|£|£| |Cost|||| |At 1September2021|2,307,948|144,865|2,452,813| |Additions|-|33,205|33,205| |At31 August2022|2,307,948|178,070|2,486,018| |Depreciation|||| |At 1September2021|179,093|136,823|315,916| |Charge fortheyear|17,968|6,538|24,506| |At31August2022|197,061|143,361|340,422| |Net book value|||| |At31August2022|2,110,887|34,709|2,145,596| |At31August2021|2,128,855|8,042|2,136,897| 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|||2022|2021| |---|---|---|---|---| ||||£|£| |Loan toYMCA EastSurrey|||150,000|150,000| |Debtors and prepayments|||28,841|33,126| ||||178,841|183,126| |Included within Debtors is a loan toYMCA EastSurreywhich is duegreaterthan|||1 year.|| |9 Creditors:amounts fallingdue withinoneyear|||2022|2021| ||||£|£| |Creditors and accruals|||35,164|1,872| |10 Funds||||| |Unrestricted||Unrestricted|Restricted|Total| ||general|designated|funds|funds| ||funds|funds||| |||£|£|£| |Balance brought forward at 1September 2021 =
(Deficit)/Surplus fortheyear|2,502,916
(25,395)|18,589
(1,406)|7,805
(381)|2,529,310
(27,182)| |Transfers between funds|(6,840)|5,840|1,000|-| |Balancecarriedforwardat31August2022|2,470,681|23,023|8,424|2,502,128| 11 REIGATE METHODIST CHURCH ## NOTES TO THE FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31 AUGUST 2022 |a|a|a|a|a|a| |---|---|---|---|---|---| |10a Funds prioryear|||||| ||Unrestricted|Unrestricted||Restricted|Total| ||general|designated||funds|funds| ||funds|funds|||| ||||£|£|£| |Balancebroughtforwardat 1September2020|=.2,549,412|18,589||7,938|2,575,939| |(Deficit)/Surplusfortheyear|(46,496)||-|(133)|(46,629)| |Transfersbetweenfunds|-||-|-|-| |Balancecarriedforwardat31August 2021|2,502,916|18,589||7,805|2,529,310| |11 Restricted funds|||||| ||Brought|Income|—|Expenditure|Carried| ||Forward||||Forward| ||£|£||£|£| |Benevolencefund|2,514|19||(400)|2,133| |Organ&Musicfund|3,081|1,000||-|4,081| |Organist training|2,210|-||-|2,210| ||7,805|1,019||(400)|8,424| |11a Restricted funds prioryear|||||| ||Brought|Income|—|Expenditure|Carried| ||Forward||||Forward| ||£|£||£|£| |Benevolencefund|2,647|-||(133)|2,514| |Organ& Musicfund|3,081|-||-|3,081| |Organist training|2,210|-||-|2,210| ||7,938|-||(133)|7,805| The restricted funds are as follows: - e Organ & Music, Organist training: 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 - e Benevolence: To be used at the discretion of the Minister for meeting urgent, local need The designated fund is monies put aside by the charity for the purpose of large refurbishments. 12 REIGATE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31 AUGUST 2022 ## a ## 12 Analysis of net assets between funds |12 Analysis of net assets between funds|||| |---|---|---|---| ||Unrestricted|Restricted|Totalfunds| ||funds|funds|2022| ||£|£|£| |Fixed assets|2,145,596|-|2,145,596| |Debtors|178,841|-|178,841| |Cash at bank and in hand|204,431|8,424|212,855| |Creditors: amounts fallingdue within one year|(35,164)|-|(35,164)| ||2,493,704|8,424|2,502,128| ## 12a Analysis of net assets between funds prior year |12a Analysis of netnet assets between fundsbetween fundsfunds prior yearyear|||| |---|---|---|---| ||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 withinoneyear|(1,872)|-|(1,872)| ||2,521,505|7,938|2,529,310| ## 13 Related party transactions There were no related party transactions in the year that require disclosure under SORP 2019 (FRS 102). 13 # 16 March 2023