REGISTERED CHARITY NUMBER: 1127336
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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 charitable purpose for the time being of any Connexional, district, circuit, local or other organisation of 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 Constitutional Practice and Discipline of the Methodist Church. The Conference is the body that agrees policy 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 organisations outside 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.
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WOKINGHAM METHODIST CHURCH
Report of the Trustees for the Year Ended 31 August 2024
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. 'Creative Spirit' is our monthly midweek art and craft-based worship sessions, exploring Biblical and spiritual themes. Our Saturday morning Breakfast Church met several times in the year, providing an informal worship opportunity with breakfast and activities for all ages. A new initiative from March this year was our monthly Wednesday Worship, in conjunction with our Alzheimer's Café, which offers a short service particularly suitable for those attending the café, including the carers.
The Bradbury centre continued to be used for a variety of both Church sponsored and community based activities, and we are pleased that the use of the centre has increased again this year. As in previous years, we have held regular fund raising events for local and national charities such as Wokingham In Need, Autism Berkshire and Macmillan Cancer Care, and we are grateful for the assistance of pupils and staff of Chiltern Way Academy in running these events.
Following a successful trial last year, we again ran our popular August Thursday Afternoon sessions, open to anyone to drop in free of charge for refreshments, entertainment, board games, knitting and companionship in a month when many other activities take a break.
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 Community Outreach Worker is engaged in various projects promoting our 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 is a popular meeting place for several community and charity groups. We are delighted to 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 workers dealing with children, young people and vulnerable adults 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, administration and support costs in the immediate future, plus a sum to cover future maintenance liabilities.
The Property Fund (part of the Restricted Funds) stands at £24,704 after net expenditure of £3,588 in the year. Quinquennial inspections take place every five years to identify any refurbishment work required. The trustees reviewed the report of the inspection carried out in the summer of 2023 and determined that no significant additional works were required beyond the existing programme of care and maintenance. Given the age of the building, we feel it prudent to maintain the property reserve.
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WOKINGHAM METHODIST CHURCH
Report of the Trustees for the Year Ended 31 August 2024
FINANCIAL REVIEW
The Charity recorded a deficit of £9,054 (2023: £5,776) on its unrestricted funds for the year.
During the year, no legacies were received (2023: £2,000).
Unrestricted funds (note 16)
Unrestricted funds have decreased to £1,310,174 (2023: £1,319,228). 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 previously agreed 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 restricted funds are £436,976 (2023: £497,791). The main expenditure in the year is the depreciation charge on the Bradbury development of £57,228 (2023: £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 premises in line with our charitable objectives. The ongoing work in the Community Centre is an ever present challenge to us all as we shall continue to need many volunteers and committed members to organise the 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 Representatives of the congregation are 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.
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WOKINGHAM METHODIST CHURCH
Report of the Trustees for the Year Ended 31 August 2024
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, 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, L Wheaton and J Williams.
The following Trustee was appointed during the year to 31 August 2024: J Williams (April 2024)
The following Trustee ceased to be a Trustee during the year to 31 August 2024: D Goddard (August 2024)
The following Trustee ceased to be a Trustee after 31 August 2024 but prior to the date of this report: C Knight (November 2024)
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
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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 2024.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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: .............................................
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WOKINGHAM METHODIST CHURCH
Statement of Financial Activities for the Year Ended 31 August 2024
| 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 |
Unrestricted Restricted funds funds £ £ 129,996 1,500 75,888 - 108,064 - 2,924 3,344 316,872 4,844 262,130 57,970 63,796 7,689 325,926 65,659 (9,054) (60,815) 1,319,228 497,791 1,310,174 436,976 |
31.8.24 Total funds £ 131,496 75,888 108,064 6,268 321,716 320,100 71,485 391,585 (69,869) 1,817,019 1,747,150 |
31.8.23 Total funds £ 127,404 71,193 91,755 4,557 294,909 299,862 61,230 361,092 (66,183) 1,883,202 1,817,019 |
|---|---|---|---|
The notes form part of these financial statements
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WOKINGHAM METHODIST CHURCH
Balance Sheet 31 August 2024
| 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 Restricted funds funds £ £ 1,186,652 418,204 49,459 - 20,000 - 97,798 18,772 167,257 18,772 (43,735) - 123,522 18,772 1,310,174 436,976 1,310,174 436,976 |
31.8.24 Total funds £ 1,604,856 49,459 20,000 116,570 186,029 (43,735) 142,294 1,747,150 1,747,150 1,310,174 436,976 1,747,150 |
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 |
|---|---|---|---|
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
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements for the Year Ended 31 August 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity 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 Charities Act 2011. The financial statements have been prepared under 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 exemption 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 probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when 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, donated professional services and donated facilities are recognised on the basis of 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 corresponding amount 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 obligation can be measured reliably. Expenditure is 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
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 administering such 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
Liabilities 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. Liabilities 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. 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 |
31.8.24 £ 22,902 - 88,192 909 19,493 131,496 |
31.8.23 £ 22,807 2,000 92,499 3,316 6,782 127,404 |
|---|---|---|
Included within sundry donations is £nil (2023: £2,954) which relates to the recovery of misappropriated
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
| 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 258,851 258,851 |
Direct Costs £ 60,872 Finance £ - 377 377 |
31.8.24 £ 80,189 23,608 246 4,021 108,064 31.8.24 £ 6,268 31.8.24 £ 57,648 18,240 - 75,888 Support costs (see note 7) £ 259,228 Governance costs £ 2,833 - 2,833 |
31.8.23 £ 60,683 26,883 333 3,856 91,755 31.8.23 £ 4,557 31.8.23 £ 53,243 17,450 500 71,193 Totals £ 320,100 Totals £ 2,833 259,228 262,061 |
|
|---|---|---|---|---|
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 |
31.8.24 Church activities £ 4,489 2,110 94,600 58,508 93,881 5,263 258,851 31.8.24 Church activities £ 377 31.8.24 Other resources expended £ 500 855 1,478 2,833 31.8.24 £ 8,779 25,906 2,853 10,110 2,359 10,956 7,689 2,833 71,485 |
31.8.23 Total activities £ 4,176 1,259 87,600 58,317 88,674 8,394 248,420 31.8.23 Total activities £ 446 31.8.23 Total activities £ 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 |
|
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
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 2023-24 the Charity contributed £30,400 (2022-23 £27,662) to the Circuit towards the cost of providing those services.
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:
| C Rooke-Matthew C Bowstead G Manning I Cole D Goddard J Jones C Knight C Morgan M Souter K Tame |
31.8.24 £ 73 - 100 144 127 222 355 288 472 322 2,103 |
31.8.23 £ - 11 230 - - - |
|---|---|---|
| 241 |
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. 2023 - COMPARATIVE FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Church activities Other trading activities Investment income Total |
Unrestricted Restricted funds funds £ £ 127,404 - 71,193 - 91,755 - 2,191 2,366 292,543 2,366 |
Total funds £ 127,404 71,193 91,755 4,557 |
|---|---|---|
| 294,909 |
EXPENDITURE ON
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| Charitable activities | |||
|---|---|---|---|
| Church activities | 242,449 | 57,413 | 299,862 |
| Other | 55,870 | 5,360 | 61,230 |
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
11. 2023 - COMPARATIVE FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12. TANGIBLE FIXED ASSETS Freehold land & buildings £ COST At 1 September 2023 1,186,652 Additions - At 31 August 2024 1,186,652 DEPRECIATION At 1 September 2023 - Charge for year - At 31 August 2024 - NET BOOK VALUE At 31 August 2024 1,186,652 At 31 August 2023 1,186,652 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Gift aid receivable Prepayments & accrued income |
Unrestricted Restricted Total funds funds funds £ £ £ 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 Furniture, Development fittings expenditure & equipment Totals £ £ £ 1,466,448 48,229 2,701,329 - 2,049 2,049 1,466,448 50,278 2,703,378 994,596 45,418 1,040,014 57,228 1,280 58,508 1,051,824 46,698 1,098,522 414,624 3,580 1,604,856 471,852 2,811 1,661,315 31.8.24 31.8.23 £ £ 2,203 183 9,602 8,664 37,654 36,910 49,459 45,757 |
|
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
14. CURRENT ASSET INVESTMENTS
| Central Finance Board Accounts - TMCP TIF CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Accruals and deferred income Accrued expenses |
Year Ended 31.8.24 £ 20,000 |
Year Ended 31.8.23 £ 20,000 31.8.24 31.8.23 £ £ 195 127 418 30 42,022 44,009 1,100 1,100 43,735 45,266 |
|---|---|---|
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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 |
At 1.9.23 £ 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 |
Net movement in funds £ 5,907 - - (555) - - (13,062) (1,344) - - - - (9,054) (57,227) (3,588) (60,815) (69,869) |
At 31.8.24 £ 64,108 1,186,652 1,516 18,426 974 1,200 12,237 (306) 2,217 348 259 22,543 1,310,174 412,272 24,704 436,976 1,747,150 |
|---|---|---|---|
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Internal church organisations Future staffing fund Alzheimers cafe fund Charity pass through Restricted funds Redevelopment fund Property fund TOTAL FUNDS |
Incoming resources £ 254,148 57,648 - 2,407 2,669 316,872 - 4,844 4,844 321,716 |
Resources Movement expended in funds £ £ (248,241) 5,907 (58,203) (555) (13,062) (13,062) (3,751) (1,344) (2,669) - (325,926) (9,054) (57,227) (57,227) (8,432) (3,588) (65,659) (60,815) (391,585) (69,869) |
|---|---|---|
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 1.9.22 £ 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 |
Net movement in funds £ (552) - - 6,021 446 - (11,823) (855) - - (409) 1,396 (5,776) (57,227) (3,180) (60,407) (66,183) |
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 |
|---|---|---|---|
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
16. MOVEMENT IN FUNDS - continued
Comparative 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) |
|---|---|---|
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.
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WOKINGHAM METHODIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
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WOKINGHAM METHODIST CHURCH
Detailed Statement of Financial Activities for the Year Ended 31 August 2024
| INCOME AND ENDOWMENTS Donations and legacies Tax recovered under covenant and gift aid Legacies Standing orders, donations and collections Collections for external organisations Sundry donations Other trading activities Lettings Coffee shop Reprographics & printing Feed in tariff Investment income Deposit account interest Charitable activities Income from internal church organisations Grants Total incoming resources EXPENDITURE Charitable activities Costs incurred by internal church organisations Donations by the church Donations by internal organisations Other Coffee shop costs Cleaning Repairs - routine maintenance Repairs - service contracts Telephone & internet Utilities Repairs - programmed refurb |
31.8.24 £ 22,902 - 88,192 909 19,493 131,496 80,189 23,608 246 4,021 108,064 6,268 57,648 18,240 75,888 321,716 56,653 2,669 1,550 60,872 8,779 25,906 2,853 10,110 2,359 10,956 7,689 |
31.8.23 £ 22,807 2,000 92,499 3,316 6,782 127,404 60,683 26,883 333 3,856 91,755 4,557 53,243 17,950 71,193 294,909 45,976 3,774 1,246 50,996 6,760 23,677 4,228 6,974 2,329 10,442 5,360 |
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This page does not form part of the statutory financial statements
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68,652
59,770
This page does not form part of the statutory financial statements
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WOKINGHAM METHODIST CHURCH
Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
| Support costs 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 Total resources expended Net expenditure |
31.8.24 £ 4,489 2,110 94,600 58,508 93,881 5,263 258,851 377 500 855 1,478 2,833 391,585 (69,869) |
31.8.23 £ 4,176 1,259 87,600 58,317 88,674 8,394 248,420 446 500 960 - 1,460 361,092 (66,183) |
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This page does not form part of the statutory financial statements
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