**REGISTERED CHARITY NUMBER: 1127546**
**REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021**
**FOR**
**TRINITY METHODIST CHURCH WOKING**
Hamlyns Ltd Chartered Accountants Sundial House High Street Horsell Woking Surrey GU21 4SU
**TRINITY METHODIST CHURCH WOKING**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 August 2021**
||**Page**|
|---|---|
|**Report of the trustees**|1 to 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 to 14|
|**Detailed statement of financial activities**|15 to 16|
## **TRINITY METHODIST CHURCH WOKING**
## **REPORT OF THE TRUSTEES for the year ended 31 August 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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) issued in October 2019.
## **OBJECTIVES AND ACTIVITIES**
## **Volunteers**
The charity benefits from the contribution of approximately 25 volunteers, who are involved in running the daily activities of the church.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The church is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Appointment of Trustees and Officers**
The Church is a Registered Charity and is administered by the Church Council, which appoints all key officers and grants discretion for them to undertake their work and receives their regular report. Through these key officers, it is responsible for the fulfilment of the objectives of the Church and maintenance of the buildings and equipment. Membership of the Church Council is reviewed regularly and all members have been appointed in accordance with the Standing Orders of The Methodist Church.
## **Objectives and activities of the Trust**
The responsibilities of the Trust include:
To provide proper facilities to support regular Christian Worship
To enable a wide range of community activities to take place within the building including:
- Full range of uniformed youth organisations
- Learning and social activities for children and young people
- Adult recreational and developmental activities
- Respite and fitness activities
- Concert venue for local choirs and musical groups
- To care for all those who visit the building, whether they be young, old or vulnerable or whether they are members of the Church or someone undertaking an activity in the building.
## **Public Benefit**
We believe that the facilities we offer for social or support activities and the range of worship opportunities that we make available, are for the benefit of the general public as well as our own members. When planning our activities for the financial year, the Trustees have considered the Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion
## **Achievement and performance**
Throughout the Covid related restrictions, we have provided regular times of worship every week, sometimes face to face, whilst socially distanced, in the building but also through ZOOM and Live Streaming through YouTube. Attendance has been most encouraging.
As Covid related restrictions have allowed, most of the activities that regularly use Trinity, have been able to restart and we have been able to accommodate them, albeit in a more restricted manner. This increasing activity will help us financially as well as fulfilling our objectives.
We have continued to work hard to sustain our own membership and community through regular pastoral work, largely by telephone or letter but more recently, by face-to-face meetings.
We have successfully developed relationships with other churches, support services and Woking BC through ZOOM meetings and new opportunities to give Christian support within the Woking Community have emerged. Building on these relationships we have been able to further support the local community through such activities as a Neighbourhood Party, weekly Coffee and Chat and other informal gatherings. On behalf on Woking Borough
Page 2
## **TRINITY METHODIST CHURCH WOKING**
## **REPORT OF THE TRUSTEES for the year ended 31 August 2021**
Council, we manage Phone Friends for the lonely and also undertook a major survey assessing loneliness issues in the town.
We have achieved significant improvements to our building during the year:
In the Sanctuary we installed new lighting, sound system and carpeting so that it is far better equipped to host important events such as a Gala Concert to raise funds for Intergenerational Music Making (IMM) and a Quiz Night to raise funds for Tearfund.
We have also converted a little used part of the premises into an office suite, currently hired by IMM as their local central office.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Safeguarding**
The Trust firmly supports the Safeguarding Principles laid down by The Methodist Church. Every person has a value and dignity which comes directly from the creation of humans in God's own imagined likeness. Christians see this potential as fulfilled by God's recreation of us in Christ. Among other things, this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. In this regard Trinity Methodist Church commits itself to:
Full implementation of Connexions Safeguarding Policy and Government Legislation that gives guidance for safe practice when undertaking activities within the building.
The provision of support, advice and training for lay and ordained people to ensure that they are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.
Ensure that all organisations using the building have adopted the same safeguarding standards and implement them during activities.
## **Reserves Policy**
The Reserves Policy for the Church is to hold a minimum sum calculated to meet any unforeseen item of essential expenditure on the church building and to continue funding planned activities in the event of any unforeseen inability to raise its regular income. The Covid related Lockdown reduced our income severely and we had to use most of the Reserves we held at the time. During the year to 31st August, our regular income from tenants has picked up again and we held a successful Fund-Raising campaign and so have a larger Cash Reserve that last year.
## **Financial Performance**
Whilst the detail of our financial performance follow, we are pleased to report a net surplus (£22,974) in our General Fund compared to the deficit in 2020 (-£14,312). The deficit in the Designated Fund reflects the planned development of parts of the building.
## **Income**
This largely derives from regular giving by members of the Church and other regular worshippers. The other main stream of income is from charges levied on external organisations using the building for their activities, many of whom have returned to us during the year as we have moved out of lockdown.
## **Expenditure**
The single largest expense is the contribution towards the cost of operating the Wey Valley Methodist Circuit and all payments have been made throughout the year.
There is a significant salary cost for our 4 part time employees and 1 full time employee who support the church's activities. It is largely because they continued their work during the Covid Lockdowns that we have been able to achieve so many new initiatives supporting both the Church members but also the local community.
Essential maintenance and development of the large suite of premises is the other main expense.
## **Risk Management**
The major risks have been identified and recorded by the Trustees with professional advice taken as required. There is a regular review process undertaken and recorded and strategies are in place to minimise the identified risks.
Page 2
## **TRINITY METHODIST CHURCH WOKING**
**REPORT OF THE TRUSTEES for the year ended 31 August 2021**
## **COVID-19**
When Social Distancing was first introduced we did a lot of work to make the building 'Covid Secure' and so most regular tenants have been able to restart their activities and stay within the appropriate restrictions. We remain alert to the changing situation and will respond as required from time to time.
The Covid situation has opened new opportunities for us to bring Christian support to the community and as we retained all paid staff, with the help of new volunteers we are starting to achieve our objectives.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1127546
Page 2
## **TRINITY METHODIST CHURCH WOKING**
**REPORT OF THE TRUSTEES for the year ended 31 August 2021**
## **Trustees**
J Nelson S Waddell D Lee (resigned 18.4.21) Mrs J Nelson H G Bowerman D Emmerson S Cudby I McIntosh K Beckingham C Hymers G Warr R Taylor D Broadley A Jackson S Waddington D Lander J Normington Rev S Funnell (appointed 1.9.20) Ms A M Meal D Matsaudza (appointed 18.4.21) Ms H Belsham
## **Independent Examiner**
Hamlyns Ltd Chartered Accountants Sundial House High Street Horsell Woking Surrey GU21 4SU
**Wey Valley Circuit** Circuit number 3606
Approved by order of the board of trustees on 7[th] February 2022 and signed on its behalf by:
.............................................................................. Rev S Funnell - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINITY METHODIST CHURCH WOKING**
## **Independent examiner's report to the trustees of Trinity Methodist Church Woking**
I report to the charity trustees on my examination of the accounts of Trinity Methodist Church Woking (the Trust) for the year ended 31 August 2021.
## **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 2011 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**
The Trust’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of FCCA.
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 Charities Act; or
2. the accounts do not accord with the accounting 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.
David Cooper FCCA Hamlyns Ltd Chartered Accountants Sundial House High Street Horsell Woking Surrey GU21 4SU
Date: 7[th] February 2022
Page 4
## **TRINITY METHODIST CHURCH WOKING**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2021**
|General
Designated
fund
fund
(unrestricted)
(unrestricted)
Notes
£
£
**INCOME AND ENDOWMENTS**
**FROM**
Donations and legacies
2
**115,119**
**-**
Other trading activities
3
**63,907**
**-**
Investment income
4
**157**
**-**
Other income
**1,939**
**-**
**Total**
**181,122**
**-**
**EXPENDITURE ON**
**Charitable activities**
5
Church Activities
**158,080**
**39,785**
Depreciation
**68**
**-**
**Total**
**158,148**
**39,785**
**NET INCOME/(EXPENDITURE)**
**22,974**
**(39,785)**
**Transfers between funds**
16
**40,206**
**(40,206)**
**Net movement in funds**
**63,180**
**(79,991)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**37,093**
**164,822**
**TOTAL FUNDS CARRIED FORWARD**
**100,273**
**84,831**|Restricted
funds
£
**71,580**
**-**
**-**
**-**
**71,580**
**74,387**
**-**
**74,387**
**(2,807)**
**-**
**(2,807)**
**6,796**
**3,989**|**2021**
**Total**
**funds**
**£**
**186,699**
**63,907**
**157**
**1,939**
**252,702**
**272,252**
**68**
**272,320**
**(19,618)**
**-**
**(19,618)**
**208,711**
**189,093**|2020
Total
funds
£
218,256
37,740
244
2,243
258,483
264,331
8,464
272,795
(14,312)
-
(14,312)
223,023
208,711|
|---|---|---|---|
The notes form part of these financial statements
Page 5
## **TRINITY METHODIST CHURCH WOKING**
## **BALANCE SHEET 31 August 2021**
|General
Designated
fund
fund
(unrestricted)
(unrestricted)
Notes
£
£
**FIXED ASSETS**
Tangible assets
12
**-**
**-**
**CURRENT ASSETS**
Debtors
13
**21,275**
**-**
Investments
14
**40,206**
**-**
Cash at bank
**43,033**
**84,831**
**104,514**
**84,831**
**CREDITORS**
Amounts falling due within one year 15
**(4,241)**
**-**
**NET CURRENT ASSETS**
**100,273**
**84,831**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**100,273**
**84,831**
**NET ASSETS**
**100,273**
**84,831**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**-**
**3,989**
**3,989**
**-**
**3,989**
**3,989**
**3,989**|**2021**
**Total**
**funds**
**£**
**-**
**21,275**
**40,206**
**131,853**
**193,334**
**(4,241)**
**189,093**
**189,093**
**189,093**
**185,104**
**3,989**
**189,093**|2020
Total
funds
£
68
61,219
40,151
137,652
239,022
(30,379)
208,643
208,711
208,711
201,915
6,796
208,711|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 7[th] February 2022 and were signed on its behalf by:
............................................. Rev S Funnell - Trustee
The notes form part of these financial statements
Page 6
**TRINITY METHODIST CHURCH WOKING**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2021**
## **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.
## **Income**
All income is recognised in the Statement of Financial Activities once the Church has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Church 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.
## **Grants**
Grants made by the charity from its own funds are recognised in full at the time of agreement or when the charity accepts there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.
## **Tangible fixed assets**
Tangible fixed assets are capitalised if they can be used for more than one year and individually cost at least £1,000.
Depreciation is charged at 20% on cost.
## **Taxation**
The charity is exempt from tax on its charitable activities. Since the charity is not VAT registered all input VAT is charged with the expenses to which it refers.
## **Fund accounting**
The funds held constitute: General Funds held for any purpose of the Church which are Unrestricted.
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Church charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. There are no endowment funds.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Other**
## **Debtors and Prepayments**
Debtors represent the present value of the future receipts.
Prepayments include payments made in advance of circuit assessment for the coming quarter.
## **Creditors**
Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or amount advanced to the Church. Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be paid.
## **Bank and Cash**
The liquid funds of bank balances and deposit account balances are shown at the net realisable values.
continued...
Page 7
**TRINITY METHODIST CHURCH WOKING**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **2. DONATIONS AND LEGACIES**
|Offerings
Donations
Gift aid
Legacies
Grants
**OFFERINGS**
Envelope scheme
Cash collections
Planned and regular giving|Unrestricted
Fund
£
11,933
14,419
61,917
88,269|Restricted
Fund
£
-
-
-
-||**2021**
**£**
**88,269**
**7,283**
**26,147**
**-**
**65,000**
**186,699**
**2021**
**Total**
**£**
**11,933**
**14,419**
**61,917**
**88,269**||2020
£
89,406
14,865
23,985
40,000
50,000|
|---|---|---|---|---|---|---|
|||||||218,256|
|||||||2020
Total
£
11,889
13,403
64,114|
|||||||89,406|
## **3. OTHER TRADING ACTIVITIES**
|Fundraising events
Rental income
**RENTS RECEIVED**
Bungalow
Internal lettings
External lettings
Car parking income
**INVESTMENT INCOME**
Bank interest|Unrestricted
Fund
£
11,677
1,048
20,022
1,439
34,186|Restricted
Fund
£
-
-
-
-
-|**2021**
**£**
**29,721**
**34,186**
**63,907**
**2021**
**Total**
**£**
**11,677**
**1,048**
**20,022**
**1,439**
**34,186**
**2021**
**£**
**157**|2020
£
2,479
35,261
37,740
2020
Total
£
5,972
1,315
25,189
2,785|
|---|---|---|---|---|
|||||35,261|
|||||2020
£
244|
## **4. INVESTMENT INCOME**
continued...
Page 8
## **TRINITY METHODIST CHURCH WOKING**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **5. CHARITABLE ACTIVITIES COSTS**
|Church Activities
**6.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Insurance, utilities etc
Circuit assessment or share
Property maintenance
Church administration
Other direct costs
**7.**
**SUPPORT COSTS**
Management
£
Church Activities
**71,897**
Support costs, included in the above, are as follows:
Premises operating costs
Property improvements
Bank charges
Independent Examiners Fees
Accountancy Fees|Direct
Support
Costs (see
costs (see
note 6)
note 7)
£
£
**197,671**
**74,581**
**2021**
**£**
**95,703**
**15,670**
**61,200**
**8,408**
**9,786**
**6,904**
**197,671**
Governance
Finance
costs
£
£
**84**
**2,600**
**2021**
Church
Activities
**£**
**3,819**
**68,078**
**84**
**1,300**
**1,300**
**74,581**|Totals
£
**272,252**
2020
£
91,474
15,853
71,200
14,426
7,508
15,444
215,905
Totals
£
**74,581**
2020
Total
activities
£
**9,790**
**35,027**
**60**
**1,200**
**1,200**
**47,277**|
|---|---|---|
||||
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
continued...
Page 9
**TRINITY METHODIST CHURCH WOKING**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **9. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Pastoral workers
Missioner
Admin|**2021**
**3**
**1**
**1**
**5**|2020
3
1
1|
|---|---|---|
|||5|
No employees received emoluments in excess of £60,000.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|General
Designated
fund
fund
(unrestricted)
(unrestricted)
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
165,737
51,743
Other trading activities
37,740
-
Investment income
93
151
Other income
1,548
695
**Total**
205,118
52,589
**EXPENDITURE ON**
**Charitable activities**
Church Activities
224,307
39,249
Depreciation
8,464
-
**Total**
232,771
39,249
**NET INCOME/(EXPENDITURE)**
(27,653)
13,340
**Transfers between funds**
24,159
(24,159)
**Net movement in funds**
(3,494)
(10,819)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
40,587
175,641
**TOTAL FUNDS CARRIED FORWARD**
37,093
164,822|Restricted
funds
£
776
-
-
-
776
775
-
775
1
-
1
6,795
6,796|Total
funds
£
218,256
37,740
244
2,243
258,483
264,331
8,464
272,795
(14,312)
-
(14,312)
223,023
208,711|
|---|---|---|
continued...
Page 10
**TRINITY METHODIST CHURCH WOKING**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **11. INDEPENDENT EXAMINER'S FEES**
|**2021**
**£**
Independent examiner's fees for reporting on the accounts
**1,300**
Other fees paid to the Independent examiner (accountancy services)
**1,300**
**2,600**
**12.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 September 2020 and 31 August 2021
**DEPRECIATION**
At 1 September 2020
Charge for year
At 31 August 2021
**NET BOOK VALUE**
At 31 August 2021
At 31 August 2020
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Other debtors
**3,475**
Prepayments
**17,800**
**21,275**
Other debtors represent payments made in advance of circuit assessment for the coming quarter.
**14.**
**CURRENT ASSET INVESTMENTS**
**2021**
**£**
Investment with TMCP
**40,206**|2020
£
1,250
1,250
2,500|
|---|---|
||Fixtures
and
fittings
£
**63,941**
**63,873**
**68**
**63,941**
**-**
68
2020
£
43,419
17,800
61,219
2020
£
40,151|
continued...
Page 11
**TRINITY METHODIST CHURCH WOKING**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
**16.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.9.20
in funds
£
£
**Unrestricted funds**
General fund (unrestricted)
**37,093**
**22,974**
Designated fund (unrestricted)
**164,822**
**(39,785)**
**201,915**
**(16,811)**
**Restricted funds**
Benevolence & Youth fund
**6,796**
**(2,807)**
**TOTAL FUNDS**
**208,711**
**(19,618)**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund (unrestricted)
**181,122**
Designated fund (unrestricted)
**-**
**181,122**
**Restricted funds**
Benevolence & Youth fund
**20**
Nathex and Sanctuary Repairs
**26,560**
The Foundry
**45,000**
**71,580**
**TOTAL FUNDS**
**252,702**
**Comparatives for movement in funds**
Net
movement
At 1.9.19
in funds
£
£
**Unrestricted funds**
General fund (unrestricted)
40,587
(27,653)
Designated fund (unrestricted)
175,641
13,340
216,228
(14,313)
**Restricted funds**
Benevolence & Youth fund
6,795
1
**TOTAL FUNDS**
223,023
(14,312)|**2021**
2020
**£**
£
**4,241**
30,379
Transfers
between
At
funds
31.8.21
£
£
**40,206**
**100,273**
**(40,206)**
**84,831**
**-**
**185,104**
**-**
**3,989**
**-**
**189,093**
Resources
Movement
expended
in funds
£
£
**(158,148)**
**22,974**
**(39,785)**
**(39,785)**
**(197,933)**
**(16,811)**
**(2,827)**
**(2,807)**
**(26,560)**
**-**
**(45,000)**
**-**
**(74,387)**
**(2,807)**
**(272,320)**
**(19,618)**
Transfers
between
At
funds
31.8.20
£
£
24,159
37,093
(24,159)
164,822
-
201,915
-
6,796
-
208,711|
|---|---|
continued...
Page 12
**TRINITY METHODIST CHURCH WOKING**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund (unrestricted)
Designated fund (unrestricted)
**Restricted funds**
Benevolence & Youth fund
**TOTAL FUNDS**|Incoming
resources
£
205,118
52,589
257,707
776
258,483|Resources
Movement
expended
in funds
£
£
(232,771)
(27,653)
(39,249)
13,340
(272,020)
(14,313)
(775)
1
(272,795)
(14,312)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund (unrestricted)
Designated fund (unrestricted)
**Restricted funds**
Benevolence & Youth fund
**TOTAL FUNDS**|Net
movement
At 1.9.19
in funds
£
£
40,587
(4,679)
175,641
(26,445)
216,228
(31,124)
6,795
(2,806)
223,023
(33,930)|Transfers
between
funds
£
64,365
(64,365)
-
-
-|At
31.8.21
£
100,273
84,831
185,104
3,989
189,093|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund (unrestricted)
Designated fund (unrestricted)
**Restricted funds**
Benevolence & Youth fund
Nathex and Sanctuary Repairs
The Foundry
**TOTAL FUNDS**|Incoming
resources
£
386,240
52,589
438,829
796
26,560
45,000
72,356
511,185|Resources
Movement
expended
in funds
£
£
(390,919)
(4,679)
(79,034)
(26,445)
(469,953)
(31,124)
(3,602)
(2,806)
(26,560)
-
(45,000)
-
(75,162)
(2,806)
(545,115)
(33,930)|
|---|---|---|
continued...
Page 13
**TRINITY METHODIST CHURCH WOKING**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 August 2021**
## **17. RELATED PARTY DISCLOSURES**
The charity has it's church building and other peripherals like a bungalow, provided by a connected organisation, The Trustees for Methodist Church Purposes (TMCP). Under their agreement, the church is able to let out the premises and keep the rental income, provided that the charity pays for the upkeep, repairs and maintenance of the buildings.
The charity comes under an umbrella Methodist organisation called Wey Valley Methodist Circuit. The Circuit has awarded the charity grants amounting to £50,000 (2020: £35,000) the majority of which was funding towards the salaries of The Foundry Project. Every year the charity pays the Circuit a sum for circuit assessment, and this financial year the total was £61,200 (2020: £71,200). The Circuit also administers the charity's wages. The balance due from the Circuit at the end of the financial year was £Nil (2020: £30,000).
Page 14
## **TRINITY METHODIST CHURCH WOKING**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Offerings
Donations
Gift aid
Legacies
Grants
**Other trading activities**
Fundraising events
Rental income
**Investment income**
Bank interest
**Other income**
Sundry income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Insurance, utilities etc
Circuit assessment or share
Property maintenance
Church administration
Other direct costs
Grants and donations
**Depreciation**
Fixtures and fittings
**Support costs**
**Management**
Premises operating costs
Property improvements
**Finance**
Bank charges
**Governance costs**
IE remuneration
Carried forward|2021
£
**88,269**
**7,283**
**26,147**
**-**
**65,000**
**186,699**
**29,721**
**34,186**
**63,907**
**157**
**1,939**
**252,702**
**83,640**
**6,732**
**5,331**
**15,670**
**61,200**
**8,408**
**9,786**
**6,904**
**-**
**197,671**
**68**
**3,819**
**68,078**
**71,897**
**84**
**1,300**
**1,300**|2020
£
89,406
14,865
23,985
40,000
50,000|
|---|---|---|
|||218,256
2,479
35,261|
|||37,740
244
2,243|
|||258,483
91,474
-
-
15,853
71,200
14,426
7,508
15,444
1,149|
|||217,054
8,464
9,790
35,027|
|||44,817
60
1,200
1,200|
This page does not form part of the statutory financial statements
Page 15
## **TRINITY METHODIST CHURCH WOKING**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**for the year ended 31 August 2021**
**Governance costs**
Brought forward
IE remuneration - other
Total resources expended
**Net expenditure**|2021
£
**1,300**
**1,300**
**2,600**
**272,320**
**(19,618)**|2020
£
1,200
1,200
2,400
272,795
(14,312)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16