**REGISTERED CHARITY NUMBER: 1127336**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 August 2023**
## **for**
## **WOKINGHAM METHODIST CHURCH**
BWBCA Limited Dukes Court Duke Street Woking Surrey GU21 5BH
**WOKINGHAM METHODIST CHURCH**
## **Contents of the Financial Statements for the Year Ended 31 August 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 17|
|**Detailed Statement of Financial Activities**|18 to 19|
## **WOKINGHAM METHODIST CHURCH**
## **Report of the Trustees for the Year Ended 31 August 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; and
b) Any charitablepurposefor the time being of any Connexional,district, circuit, local or other organisationof the Methodist Church;
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;
d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.
The Church is one of a group of local churches within the Berkshire Surrey Borders Methodist Circuit. Circuits combine to form about 30 districts in Britain. Although there is some autonomy, all Methodist organisations in Britain are governed by statutes determined by the Methodist Conference and which are published in the ConstitutionalPracticeand Disciplineof the MethodistChurch.The Conferenceis the body that agreespolicy for the Methodist Church. Business for the Conference to decide upon is prepared by the Methodist Council, an elected body that meets regularly. Both Conference and Council consist of lay and clerical members.
## **Public benefit**
The trustees have considered the guidance provided by the Charity Commission in connection with public benefit and the work of the church.
Summary of the main activities undertaken for the public benefit in relation to the objects of the charity:
a) Provision of regular public acts of worship open to members of the church and non-members alike b) Pastoral work including visiting the sick and bereaved
c) Promotion of Christian activities through the staging of events and services
d) Supporting other charities in the UK and overseas financially and with prayer
e) The teaching of Christianity through sermons, courses and small groups
f) Taking religious assemblies in local schools
## **Grant-making**
The Church does not make grants to organisationsoutside the Methodist Church from its own funds, but it does often provide a channel for its members to make contributions to other charitable organisations working in the local community or globally to further objectives that are complementary to our own objectives.
## **Volunteers**
In line with many other charities, the Church relies on its volunteers to carry out its work in the community. The Church Council and Minister thank all the members and adherents who assist in this way for their support.
Page 1
## **WOKINGHAM METHODIST CHURCH**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Our Church continued to offer a wide range of Christian worship and community service this year. Worship takes place in the church building each week, and a recording of the service is provided online the same day. A weekly pastoral letter and notice sheet is distributed by email, and we have also taken care to maintain contact and support for the housebound and those without internet connections.
We also offer alternative forms of worship. Our 'Fresh Start' Breakfast Church meets monthly on Saturday mornings, providing an informal worship opportunity with breakfast and encompassing a variety of activities for all ages. 'Creative Spirit' is our monthly midweek art and craft-based worship sessions, exploring Biblical and spiritual themes.
The Bradbury centre continued to be used for a variety of both Church sponsored and community based projects. We are pleased that the use of the centre has increased again this year as more groups resumed their activities following the COVID-19 pandemic. As in previous years, we have held regular fund raising events for local and national charities such as Youthline, Thames Hospice and Breast Cancer Now.
A new venture this year was our monthly Ukrainian coffee mornings which started in September, offering a welcome to Ukrainian refugees in our local community to meet one another and spend time together. We also participated in the Warm Spaces initiative, opening our premises for free weekly sessions from December to February for those struggling with energy costs and the cost of living crisis.
We have continued our work with young people and young families in the Church and surrounding community. Our Little Fishes play café offers free safe play space for preschool children and their carers, and is very popular. We continue to explore opportunities for activities for school-age children and young people and maintain contact with their families.
Our CommunityOutreach Workeris engagedin variousprojectspromotingour work in the local community. The Alzheimer's café for people living with dementia and their carers, and its associated support group for carers, continued to be very popular, vital services, attracting a number of new people.
Café Mosaic continues to thrive, offering light refreshments and lunches in a pleasant place to sit and chat. The café has becomea popularmeetingplace for severalcommunityand charity groups.We are delightedto have the assistance of our friends from CLASP, a local charity helping people with learning disabilities.
Our work is supported by a large number of volunteers, particularly in Café Mosaic and in our work with children and young people.All our workersdealingwith children,young peopleand vulnerableadults are DBS checked and participate in safeguarding training as required by The Methodist Church.
## **FINANCIAL REVIEW**
## **Reserves policy**
It is the policy of the Church to maintain unrestricted funds, which are the free reserves of the Church, at a level which equates to at least four months unrestricted expenditure in order to provide sufficient funds to cover management,administrationand support costs in the immediate future, plus a sum to cover future maintenance liabilities. Following actions taken during the year to rebuild our reserves after the impact of the COVID-19 pandemic, we are pleased to report that our unrestricted funds are once again above this four month level.
The Property Fund (part of the Restricted Funds) stands at £28,292 after £3,180 of expenditure in the year. Quinquennial inspections take place every five years to identify any refurbishment work required. The trustees are reviewing the report of the inspection in summer 2023 to determine what action should be taken on its recommendations. Given the age of the building, we feel it prudent to maintain the property reserve.
Page 2
## **WOKINGHAM METHODIST CHURCH**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **FINANCIAL REVIEW**
The Charity recorded a deficit of £5,776 (2022: £12,687) on its unrestricted funds for the year.
During the year £2,000 was received from legacies (2022: £nil).
## Unrestricted funds (note 16)
Unrestricted funds have decreased to £1,319,228 (2022: £1,325,004). Included in these reserves is a revaluation fund of £1,186,652 for the freehold property based on a valuation undertaken in 2004.
The trustees have previouslyagreed to designate certain funds to aid the future work of the church; accordingly, there is a Future Staffing fund and a Technology fund, both of which can be re-allocated to general purposes, if need be. Other designated funds include the Alzheimer's Café and Fish Mosaic funds.
## Restricted funds (note 16)
Total restrictedfunds are £497,791(2022: £558,198).The main expenditurein the year is the depreciation charge on the Bradbury development of £57,227 (2021: £57,227) which relates to the redevelopment project.
## **FUTURE PLANS**
The Minister, Stewards and Church Council are considering ways to increase our activities and the use of our premisesin line with our charitableobjectives.The ongoingwork in the CommunityCentrewill be an ever present challengeto us all as we shall continueto need many volunteersand committed membersto organisethe various planned activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Methodist Church Act 1976.
## **Recruitment and appointment of new trustees**
Certain members are appointed to Church Council by virtue of the office they hold within the Church. Church Council is responsible for making such appointments.
Church Stewards and Representativesof the congregationare appointed at the Church Annual General Meeting normally held in March or April each year.
## **Organisational structure**
Overall control rests with the Methodist Conference.
The Connexional Office implements decisions made by Conference and is also responsible for the stationing of Ministers in individual Circuits.
Connexional decisions are passed to the chair of the District and the appropriate Officers of the District for regional implementation.
The District pass the control down to Circuit level for local implementation by the Superintendent Minister, Ministerial Staff and Circuit stewards, and authority is delegated to the circuit meeting for certain matters.
The Circuit Meeting passes control down to the Church Councils for local implementation by the Minister, the Church Stewards and other officers, and authority is delegated to Church Councils acting as Managing Trustees.
The Methodist Connexional year runs from 1 September to 31 August.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Financial procedures and controls are reviewed regularly.
Page 3
## **WOKINGHAM METHODIST CHURCH**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1127336
## **Principal address**
The Methodist Centre Rose Street Wokingham Berkshire RG40 1XS
## **Trustees**
C Bowstead,H Ani, J Bonney,S Colbourn,I Cole,D Goddard,J Horsnell,M Jackson,J Jones,C Knight, G Manning, C Morgan, D Morgan, R MorganBarry,J Rodhouse,C Rooke-Matthews,M Shepherd,M Souter, K Tame, K Weir, M Wells and L Wheaton.
The following Trustee was appointed during the year to 31 August 2023: H Ani (April 2023)
The following Trustees ceased to be Trustees during the year to 31 August 2023: S Moore (March 2023) K Hammond (April 2023) P Hammond (April 2023) E Goddard (August 2023) M Goddard (August 2023)
## **Independent Examiner**
BWBCA Limited Dukes Court Duke Street Woking Surrey GU21 5BH
## **Bankers**
Lloyds Bank PLC Victoria Branch PO Box 1000 BX1 1LT
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ C Bowstead - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Wokingham Methodist Church**
## **Independent examiner's report to the trustees of Wokingham Methodist Church**
I report to the charity trustees on my examination of the accounts of Wokingham Methodist Church (the Trust) for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P Williams FCA
BWBCA Limited Dukes Court Duke Street Woking Surrey GU21 5BH
Date: .............................................
Page 5
## **WOKINGHAM METHODIST CHURCH**
## **Statement of Financial Activities for the Year Ended 31 August 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Church activities
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Church activities
Other
8
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**31.8.23**
Unrestricted
Restricted
**Total**
funds
funds
**funds**
£
£
**£**
**127,404**
**-**
**127,404**
**71,193**
**-**
**71,193**
**91,755**
**-**
**91,755**
**2,191**
**2,366**
**4,557**
**292,543**
**2,366**
**294,909**
**242,449**
**57,413**
**299,862**
**55,870**
**5,360**
**61,230**
**298,319**
**62,773**
**361,092**
**(5,776)**
**(60,407)**
**(66,183)**
**1,325,004**
**558,198**
**1,883,202**
**1,319,228**
**497,791**
**1,817,019**|31.8.22
Total
funds
£
153,007
40,608
65,364
460
259,439
272,833
71,007
343,840
(84,401)
1,967,603
1,883,202|
|---|---|---|
The notes form part of these financial statements
Page 6
## **WOKINGHAM METHODIST CHURCH**
## **Balance Sheet 31 August 2023**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Investments
14
Cash at bank
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**1,186,680**
**45,757**
**20,000**
**112,057**
**177,814**
**(45,266)**
**132,548**
**1,319,228**
**1,319,228**|Restricted
funds
£
**474,635**
**-**
**-**
**23,156**
**23,156**
**-**
**23,156**
**497,791**
**497,791**|**31.8.23**
**Total**
**funds**
**£**
**1,661,315**
**45,757**
**20,000**
**135,213**
**200,970**
**(45,266)**
**155,704**
**1,817,019**
**1,817,019**
**1,319,228**
**497,791**
**1,817,019**|31.8.22
Total
funds
£
1,716,662
46,098
20,000
157,866
223,964
(57,424)
166,540
1,883,202
1,883,202
1,325,004
558,198
1,883,202|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Bowstead - Trustee
............................................. K Weir - Trustee
The notes form part of these financial statements
Page 7
**WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financialstatements of the charity, which is a publicbenefitentity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the CharitiesAct 2011. The financial statements have been preparedunder the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probatehas been granted,the estate has been finalisedand notificationhas been made by the executor(s) to the Trust that a distributionwill be made, or when a distributionis receivedfrom the estate.Receiptof a legacy, in whole or in part, is only considered probablewhen the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the facility or item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt,donatedprofessionalservicesand donatedfacilitiesare recognisedon the basisof the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a correspondingamount is then recognised in expenditure in the period of receipt.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligationcan be measured reliably. Expenditureis accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Volunteers and donated services and facilities**
The value of services provided by volunteers is not incorporated into these financial statements.
## **Going concern**
The trustees have continued to adopt the going concern basis for preparing these financial statements. They have done so on the grounds that the charity has and continues to have sufficient funds to meet its obligations as they fall due.
Page 8
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development expenditure - 10% on cost and 4% on cost Furniture, fittings & equipment - 25% on cost, 20% on cost and 10% on cost
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Funds structure**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administeringsuch funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **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.
## **Liabilities and provisions**
Liabilitiesare recognisedwhen there is an obligationat the balancesheet 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. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has receivedas advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **Investments**
Investments are included as current assets at their market value.
## **2. DONATIONS AND LEGACIES**
|Tax recovered under covenant and gift aid
Legacies
Standing orders, donations and collections
Collections for external organisations
Sundry donations|**31.8.23**
**£**
**22,807**
**2,000**
**92,499**
**3,316**
**6,782**
**127,404**|31.8.22
£
24,955
-
92,138
4,252
31,662|
|---|---|---|
|||153,007|
Included within sundry donations is £2,954 which relates to the recovery of misappropriated funds.
Page 9
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **3. OTHER TRADING ACTIVITIES**
|Lettings
Coffee shop
Reprographics & printing
Feed in tariff
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Income from internal church organisations
Circuit grants
District grants
**6.**
**CHURCH ACTIVITIES**
Church activities
**7.**
**SUPPORT COSTS**
Management
£
Other resources expended
**-**
Church activities
**248,420**
**248,420**|||**31.8.23**
**£**
**60,683**
**26,883**
**333**
**3,856**
**91,755**
**31.8.23**
**£**
**4,557**||31.8.22
£
43,384
19,225
328
2,427
65,364
31.8.22
£
460|
|---|---|---|---|---|---|
||||**31.8.23**||31.8.22|
||||**£**||£|
||||**53,243**||23,119|
||||**17,450**||17,249|
||||**500**||240|
|||||||
|||||||
||||**71,193**||40,608|
|||||||
||Direct
Costs
£
**50,996**
Finance
£
**-**
**446**
**446**|Support
costs (see
note 7)
£
**248,866**
Governance
costs
£
**1,460**
**-**
**1,460**||Totals
£
**299,862**
Totals
£
**1,460**
**248,866**
**250,326**||
Page 10
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 August 2023**
## **7. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
## **Management**
|Insurance
Postage and stationery
Circuit assessment
Depreciation
Youth & community and admin costs
Charity running costs
**Finance**
Bank charges
**Governance costs**
Independent examiner fees
Accountancy & bookkeeping
**8.**
**OTHER**
Coffee shop costs
Cleaning
Repairs - routine maintenance
Repairs - service contracts
Telephone & internet
Utilities
Repairs - programmed refurb
Support costs|**31.8.23**
Church
activities
**£**
**4,176**
**1,259**
**87,600**
**58,317**
**88,674**
**8,394**
**248,420**
**31.8.23**
Church
activities
**£**
**446**
**31.8.23**
Other
resources
expended
**£**
**500**
**960**
**1,460**
**31.8.23**
**£**
**6,760**
**23,677**
**4,228**
**6,974**
**2,329**
**10,442**
**5,360**
**1,460**
**61,230**|31.8.22
Total
activities
£
**3,788**
**2,678**
**78,735**
**58,276**
**84,325**
**6,859**
**234,661**
31.8.22
Total
activities
£
**357**
31.8.22
Total
activities
£
**500**
**859**
**1,359**
31.8.22
£
4,751
22,381
14,304
7,454
2,161
10,315
8,282
1,359
71,007|
|---|---|---|
Page 11
continued...
**WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
C Knight is a Trustee of the Charity who is employed by the Circuit as a Church and Community Outreach Team Leader. She provides the Charity with services including youth and community outreach as well as management of the Bradbury Centre and its support team. In the financial year 2022-23 the Charity contributed £27,662 (2021-22 £28,362) to the Circuit towards the cost of providing those services.
During the year the Church gave C Bowstead a gift for her services to the value of £800.
No other trustee or member of the Church Council has received any remuneration although some have been repaid for sums paid out on behalf of the church.
## **Trustees' expenses**
The following trustees were reimbursed expenses during the year:
|The following trustees were reimbursed expenses during the year:|||
|---|---|---|
||**31.8.23**|31.8.22|
||**£**|£|
|M Wells|**-**|29|
|C Bowstead|**11**|-|
|G Manning|**230**|190|
|C Morgan|**-**|120|
|D Morgan|**-**|480|
|J Jones|**-**|7|
||||
||**241**|826|
||||
The nature of the expenses relates to the everyday general running of the charity.
## **10. STAFF COSTS**
The church has not paid any salaries, although a contribution has been made to the Circuit towards the ministers' stipends and a contribution is also made towards the salary of Church and Community Outreach Team Leader. These costs are shown under support costs.
## **11. 2022 - COMPARATIVE FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Church activities
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Church activities
Other
**Total**|Unrestricted
funds
£
153,007
40,608
65,364
460
259,439
215,606
56,520
272,126|Restricted
funds
£
-
-
-
-
-
57,227
14,487
71,714|Total
funds
£
153,007
40,608
65,364
460|
|---|---|---|---|
||||259,439|
||||272,833
71,007|
||||343,840|
Page 12
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
|**11.**
**2022 - COMPARATIVE FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
funds
£
**NET INCOME/(EXPENDITURE)**
(12,687)
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,337,691
**TOTAL FUNDS CARRIED FORWARD**
1,325,004
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
land &
Development
buildings
expenditure
£
£
**COST**
At 1 September 2022
**1,186,652**
**1,466,448**
Additions
**-**
**-**
At 31 August 2023
**1,186,652**
**1,466,448**
**DEPRECIATION**
At 1 September 2022
**-**
**937,369**
Charge for year
**-**
**57,227**
At 31 August 2023
**-**
**994,596**
**NET BOOK VALUE**
At 31 August 2023
**1,186,652**
**471,852**
At 31 August 2022
1,186,652
529,079
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Gift aid receivable
Prepayments & accrued income|**11.**
**2022 - COMPARATIVE FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
funds
£
**NET INCOME/(EXPENDITURE)**
(12,687)
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,337,691
**TOTAL FUNDS CARRIED FORWARD**
1,325,004
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
land &
Development
buildings
expenditure
£
£
**COST**
At 1 September 2022
**1,186,652**
**1,466,448**
Additions
**-**
**-**
At 31 August 2023
**1,186,652**
**1,466,448**
**DEPRECIATION**
At 1 September 2022
**-**
**937,369**
Charge for year
**-**
**57,227**
At 31 August 2023
**-**
**994,596**
**NET BOOK VALUE**
At 31 August 2023
**1,186,652**
**471,852**
At 31 August 2022
1,186,652
529,079
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Gift aid receivable
Prepayments & accrued income|**continued**
Restricted
funds
£
(71,714)
629,912
558,198
Furniture,
fittings
& equipment
£
**45,259**
**2,970**
**48,229**
**44,328**
**1,090**
**45,418**
**2,811**
931
**31.8.23**
**£**
**183**
**8,664**
**36,910**
**45,757**||Total
funds
£
(84,401)
1,967,603
1,883,202
Totals
£
**2,698,359**
**2,970**
**2,701,329**
**981,697**
**58,317**
**1,040,014**
**1,661,315**
1,716,662
31.8.22
£
792
12,431
32,875
46,098|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
Page 13
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **14. CURRENT ASSET INVESTMENTS**
|Central Finance Board Accounts - TMCP TIF
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
VAT
Accruals and deferred income
Accrued expenses
**16.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Revaluation fund - property
Technology fund
Internal church organisations
Minister's Discretionary fund
Rose St fund
Future staffing fund
Alzheimers cafe fund
Fish Mosaic fund
Night shelter
Charity pass through
Appeal fund
**Restricted funds**
Redevelopment fund
Property fund
**TOTAL FUNDS**|Central Finance Board Accounts - TMCP TIF
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
VAT
Accruals and deferred income
Accrued expenses
**16.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Revaluation fund - property
Technology fund
Internal church organisations
Minister's Discretionary fund
Rose St fund
Future staffing fund
Alzheimers cafe fund
Fish Mosaic fund
Night shelter
Charity pass through
Appeal fund
**Restricted funds**
Redevelopment fund
Property fund
**TOTAL FUNDS**|**Year Ended**|**Year Ended**|Year Ended|Year Ended|Year Ended|
|---|---|---|---|---|---|---|
|||**31.8.23**||31.8.22|||
|||**£**|||£||
||||||||
|||**20,000**||||20,000|
||||||||
|||At 1.9.22
£
**58,753**
**1,186,652**
**1,516**
**12,960**
**528**
**1,200**
**37,122**
**1,893**
**2,217**
**348**
**668**
**21,147**
**1,325,004**
**526,726**
**31,472**
**558,198**
**1,883,202**|**31.8.23**
**£**
**127**
**30**
**44,009**
**1,100**
**45,266**
Net
movement
in funds
£
**(552)**
**-**
**-**
**6,021**
**446**
**-**
**(11,823)**
**(855)**
**-**
**-**
**(409)**
**1,396**
**(5,776)**
**(57,227)**
**(3,180)**
**(60,407)**
**(66,183)**||31.8.22
£
14,550
121
41,728
1,025
57,424
At
31.8.23
£
**58,201**
**1,186,652**
**1,516**
**18,981**
**974**
**1,200**
**25,299**
**1,038**
**2,217**
**348**
**259**
**22,543**
**1,319,228**
**469,499**
**28,292**
**497,791**
**1,817,019**||
||||||||
||||||||
||||||||
Page 14
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Internal church organisations
Minister's Discretionary fund
Future staffing fund
Alzheimers cafe fund
Charity pass through
Appeal fund
**Restricted funds**
Redevelopment fund
Property fund
**TOTAL FUNDS**|Incoming
resources
£
**232,232**
**53,243**
**446**
**-**
**1,911**
**3,315**
**1,396**
**292,543**
**-**
**2,366**
**2,366**
**294,909**|Resources
Movement
expended
in funds
£
£
**(232,784)**
**(552)**
**(47,222)**
**6,021**
**-**
**446**
**(11,823)**
**(11,823)**
**(2,766)**
**(855)**
**(3,724)**
**(409)**
**-**
**1,396**
**(298,319)**
**(5,776)**
**(57,227)**
**(57,227)**
**(5,546)**
**(3,180)**
**(62,773)**
**(60,407)**
**(361,092)**
**(66,183)**|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Revaluation fund - property
Technology fund
Internal church organisations
Minister's Discretionary fund
Rose St fund
Future staffing fund
Alzheimers cafe fund
Fish Mosaic fund
Night shelter
Charity pass through
Appeal fund
**Restricted funds**
Redevelopment fund
Property fund
**TOTAL FUNDS**|At 1.9.21
£
64,728
1,186,652
1,661
28,680
1,078
1,200
47,975
3,021
2,217
348
131
-
1,337,691
583,953
45,959
629,912
1,967,603|Net
movement
in funds
£
(15,267)
-
(145)
(6,428)
(550)
-
(10,853)
(1,128)
-
-
537
21,147
(12,687)
(57,227)
(14,487)
(71,714)
(84,401)|Transfers
between
funds
£
9,292
-
-
(9,292)
-
-
-
-
-
-
-
-
-
-
-
-
-|At
31.8.22
£
58,753
1,186,652
1,516
12,960
528
1,200
37,122
1,893
2,217
348
668
21,147|
|---|---|---|---|---|
|||||1,325,004
526,726
31,472|
|||||558,198|
|||||1,883,202|
Page 15
continued...
## **WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Technology fund
Internal church organisations
Minister's Discretionary fund
Future staffing fund
Alzheimers cafe fund
Charity pass through
Appeal fund
**Restricted funds**
Redevelopment fund
Property fund
**TOTAL FUNDS**|Incoming
resources
£
209,193
-
23,119
99
-
1,708
4,173
21,147
259,439
-
-
-
259,439|Resources
Movement
expended
in funds
£
£
(224,460)
(15,267)
(145)
(145)
(29,547)
(6,428)
(649)
(550)
(10,853)
(10,853)
(2,836)
(1,128)
(3,636)
537
-
21,147
(272,126)
(12,687)
(57,227)
(57,227)
(14,487)
(14,487)
(71,714)
(71,714)
(343,840)
(84,401)|
|---|---|---|
## **Unrestricted funds**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. As can be seen from the above table, the trustees have chosen to designate some of these funds for particular purposes. Designation is for internal reporting purposes and can be revised by the trustees at a later date.
## **Restricted funds**
Restricted funds are funds provided for a particular purpose or projects and accordingly cannot be used for any other purpose without the consent of the donors.
## **Redevelopment fund**
It is intended to hold any excess funding over the capital cost of the Bradbury Centre as a fund to meet future repairs and maintenance costs of the Centre. At present the depreciation on this building work is being charged to the fund.
## **Property fund**
The property fund has been set up from the balance of funds from the development and will be used to defray maintenance and repair costs which are likely to accrue in the future.
Page 16
continued...
**WOKINGHAM METHODIST CHURCH**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2023.
Page 17
## **WOKINGHAM METHODIST CHURCH**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2023**
||31.8.23|31.8.22|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Tax recovered under covenant and gift aid|**22,807**|24,955|
|Legacies|**2,000**|-|
|Standing orders, donations and collections|**92,499**|92,138|
|Collections for external organisations|**3,316**|4,252|
|Sundry donations|**6,782**|31,662|
||**127,404**|153,007|
|**Other trading activities**|||
|Lettings|**60,683**|43,384|
|Coffee shop|**26,883**|19,225|
|Reprographics & printing|**333**|328|
|Feed in tariff|**3,856**|2,427|
||**91,755**|65,364|
|**Investment income**|||
|Deposit account interest|**4,557**|460|
|**Charitable activities**|||
|Income from internal church organisations|**53,243**|23,119|
|Grants|**17,950**|17,489|
||**71,193**|40,608|
|**Total incoming resources**|**294,909**|259,439|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Costs incurred by internal church|||
|organisations|**45,976**|24,286|
|Donations by the church|**3,774**|8,268|
|Donations by internal organisations|**1,246**|5,261|
||**50,996**|37,815|
|**Other**|||
|Coffee shop costs|**6,760**|4,751|
|Cleaning|**23,677**|22,381|
|Repairs - routine maintenance|**4,228**|14,304|
|Repairs - service contracts|**6,974**|7,454|
|Telephone & internet|**2,329**|2,161|
|Utilities|**10,442**|10,315|
|Repairs - programmed refurb|**5,360**|8,282|
||**59,770**|69,648|
This page does not form part of the statutory financial statements
Page 18
## **WOKINGHAM METHODIST CHURCH**
## **Detailed Statement of Financial Activities**
## **for the Year Ended 31 August 2023**
||31.8.23|31.8.22|
|---|---|---|
||£|£|
|**Support costs**|||
|**Management**|||
|Insurance|**4,176**|3,788|
|Postage and stationery|**1,259**|2,678|
|Circuit assessment|**87,600**|78,735|
|Depreciation|**58,317**|58,276|
|Youth & community and admin costs|**88,674**|84,325|
|Charity running costs|**8,394**|6,859|
||**248,420**|234,661|
|**Finance**|||
|Bank charges|**446**|357|
|**Governance costs**|||
|Independent examiner fees|**500**|500|
|Accountancy & bookkeeping|**960**|859|
||**1,460**|1,359|
|Total resources expended|**361,092**|343,840|
|**Net expenditure**|**(66,183)**|(84,401)|
This page does not form part of the statutory financial statements
Page 19