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2023-08-31-accounts

Yiewsley Methodist Church

TRUSTEES REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] AUGUST 2023

Minister

Revd Dr Dong Hwan Kim Tel: 01895-753043 Email: dr_donghwan@yahoo.co.uk

Bankers

HSBC

The Peak, 333 Vauxhall Bridge Road, Victoria. SW1V 1EJ

Treasurer

Sheila Palmer Tel: 01895-254785 Email: sheila682palmer@ btinternet.com

Independent Examiner

John Chamberlain

Tel: 0208-573-3607 Email: jechamb1934@gmail.com

Page 1

Yiewsley Methodist Church Financial Statement for the year ended 31[st] August 2023 Statement of Financial Activities ( SOFA Report)

Unrestricted
General
Fund
Unrestricted
Designated
Funds
Unrestricted
Funds
Combined
Total
Restricted
Funds
Total
Funds
2022/23
Total
Funds
2021/22
INCOMING
RESOURCES
Offerings & Tax
recovered(1)
15,933 15,933 15,933 14,330
Interest 5,386 5,386 5,386 502
Lettings(2) 78,328 78,328 78,328 73,980
Other Income(3) 45,116 45,116 45,116 1,566
TOTAL INCOMING
RESOURCES
144,763 144,763 144,763 90,378
RESOURCES USED
Circuit 41,698 41,698 41,698 41,798
Donations 404
Repairs &
Maintenance(4)
10,923 10,923 10,923 14,628
Utilities &
Insurance(5)
11,208 11,208 11,208 8,750
Other Payments 1,972 293,863 295,835 295,835 3,813
TOTAL
RESOURCES USED
65,801 293,863 359,664 359,664 69,393
SURPLUS/DEFICIT 78,962 (293,863) 214,901 214,901 20,985
TOTAL FUND
BROUGHT
FORWARD
138,470 111,544 250,014 500 250,514 229,529
SUB TOTAL 217,432 (182,319) 35,113 500 35,613 250,514
TRANSFERS (214,319) 214,319
TOTAL FUNDS AT
END OF YEAR
3,113 32,000 35,113 500 35,613 250,514

Page 2

Yiewsley Methodist Church

Financial Statement for the year ended 31[st] August 2023 CURRENT ASSETS ( Broken down into Individual Funds)

2022/23 2021/22
The General Fund 3,113 138,470
UNRESTRICTED FUND TOTALS 138,470
DESIGNATED UNRESTRICTED FUNDS
The Organ Reserve Fund Nil 10,526
The PropertyReserve Fund Nil 26,685
The Mission & Outreach Fund Nil 14,436
The Roof Reserve Fund 32,000 59,877
DESIGNATED UNRESTRICTED FUND TOTALS 35,113 111,544
RESTRICTED FUNDS
The Benevolence Fund 500 500
RESTRICTED FUNDS TOTAL 500 500
COMBINED TOTAL – CHURCH UNRETSRICTED &
RESTRICTED FUNDS TOTAL
35,613 250,514
OTHE CHURCH GROUPS -DESIGNATED FUNDS
Ladies Circle Nil 231
Luncheon Club 3,810 3,810
Parent & Toddlers Club 688 688
Space 2 Be 20 17
COMBINED TOTAL – DESIGNATED CHURCH GROUPS 4,518 **4,746 **
ALL FUNDS TOTAL **40,131 ** 255,260

THE BALANCE SHEET as at 31[st] August 2023 (Excluding Church Group’s assets)

2022/23 2021/22
Tangible Fixed Assets
Insurance Valuation – Land & Building 2,671,673 2,489,144
Current Assets
CFB Deposit Accounts 16,170 110,993
Cash at Bank and in Hand 19,443 139,521
Combined Current Assets Total 35,613 250,514
OutstandingLoans to be repaid 28,000 Nil

Page 3

Yiewsley Methodist Church Financial Statement for the year ended 31[st] August 2023

FINANCIAL STATEMENT SUMMARY

Considering the special factor applicable this Financial Year it is remarkable that we have ended up in such a relatively good financial position in August 2023.. We have so far spent £293,863 on the roof and still have managed to end the financial year with funds in hand totalling £35,613. This situation is due in small part to the generosity of people providing both donations and interest free loans received which together totalled £40,480.

The Roof Replacement work continues to create major financial issues and it should be noted we are still not fully through the process. For clarity I confirm the various income and expenditure items which were still outstanding at the end of Financial Year 2022/23:

EXPENDITURE : 1. Interest free Loans to be repaid £28,000. 2. Bill for D&C Construction to be paid £31,537. 3. Final 2.5% to be paid in due course to D& C Construction of around £8,000.

INCOME :

  1. Bernard Sunley Grant £10,000. 2. Circuit Grant £68,750. 3. District Grant £20,000. 4. Benefact Trust Grant £9,000.

Looking forward the financial prognosis looks much better, although further property issues could create future difficulties.

Sheila Palmer Church Treasurer

Page 4

Yiewsley Methodist Church Financial Statement for the year ended 31[st] August 2023

TREASURERS DECLARATION

I confirm that I have prepared the accounts from the records of Yiewsley Methodist Church and that they include all funds under the control of The Church Council. Sheila Palmer – Church Treasurer

Signed ____

Date _20 June 2024__

DECLARATION BY CHAIR OF CHURCH COUNCIL

I confirm that the accounts were presented at the Church Council which I chaired.

Revd. Ken Kingston – Chair of Church Council

Signed ____

Date 20 June 2024__

Accounts were audited by the Church Independent Examiner John Chamberlain ( Treasurer Hayes End Methodist Church)

Page 5

CHURCH RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS

Yiewsley Methodist

Church

FOR THE YEAR ENDED

31 August 2023

Circuit
Harrow and Hillingdon
Circuit no. 35/36
Registered Charity - Charity Registration number
1127645

If not a registered charity Her Majesty's Revenue and Customs Gift Aid number

(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242)

Minister:

Revd Dr Dong Hwan Kim

Church Stewards:

Ms Priya Rasanayagam Mrs Sandy van Brummen

Mrs Heather Harvey Mrs Lesley Pepler

Treasurer:

Ms Sheila Palmer

churches-receipts-and-payments-2023 final

1 of 5

Church

ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

Yiewsley Methodist

SECTION A Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
Restricted
Funds
£
15,933
5,386
78,328
45,116
Totals this
year
£
15,933
5,386
78,328
45,116
Totals this
year
Totals last
year
£ £ £ £
a1 RECEIPTS Note
a2 Offerings and Tax recovered 15,933 15,933 14,330
a3 Bank and CFB interest and
Investment income
5,386 5,386 502
a4 Lettings 78,328 78,328 73,980
a5 Other receipts 45,116 45,116 1,566
a6 TOTAL RECEIPTS 144,763 **144,763 ** (a7) 90,378
SECTION B 41,698
10,923
11,208
293,863
1,972
b1 PAYMENTS
b2 Circuit Assessment or Share 41,698 41,698 41,798
b3 Donations 404
b4 Repairs and Maintenance 10,923 10,923 14,628
b5 Utilities (Insurances, water
charges,heating& lighting)
11,208 11,208 8,750
b6 The Roof 293,863 293,863
b7 Otherpayments 1,972 1,972 3,813
b8 TOTAL PAYMENTS 359,664 **359,664 ** (b9) 69,393
(214,901)
SECTION C
c1 NET RECEIPTS/PAYMENTS
FOR THE YEAR
(a6-b8)
(214,901) (214,901) 20,985
c2 Total funds brought forward from
last year
250,014 500 **250,514 ** (c6) 229,529
35,613
c3 (c1+c2)
Sub total
35,113 500 35,613 250,514
c4 Transfers and adjustments (c7)
c5 TOTAL FUNDS AT END OF YEAR
(c3+c4)
35,113 500 **35,613 ** (c8) 250,514 (c6)
SECTION D
d £
1,071
1,071
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
BALANCE STILL TO BE PAID (d1+d2-d3)
Balance brought forward from lastyear
Offerings/Gifts - received for external organisations
Offerings/Gifts -passed to external organisations
(these amounts are not to be included in total receipts/payments figures above)
£
d1 Balance brought forward from lastyear
d2 Offerings/Gifts - received for external organisations 1,071 263
d3 BALANCE STILL TO BE PAID (d1+d2-d3)
Offerings/Gifts -passed to external organisations
1,071 263
d4

2 of 5

churches-receipts-and-payments-2023 final

Yiewsley Methodist

Church

SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTING TO THE CHURCH COUNCIL

SECTION E Please follow the Guidance Notes to complete this page Summary of the Church accounts for the year ended 31 August 2023 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected District Organisations.

SUMMARY OF CHURCH ACC
SECTION E
Summary of the Church accounts for the year ended 31 August 2023 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an
Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed
to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A
DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected
District Organisations.
INTERNALORGANISATIONS
e1 Ladies Circle
e2 Luncheon Club
e3 Parent & Toddler
e4 Space 2 Be
e5
e6
e7
e8 Sub total of Internal
Organisations funds
e9 Church accounts (totals
brought forward from page 2
- totals column)
e10 TOTAL CASH FUNDS HELD
BY CHURCH

SECTION F

STATEMENT OF ASSETS AND LIABILITIES

STATEMENT OF ASSETS AND LIABILITIES
CHURCH - CASH FUNDS HELD at 31 August 2023
Central FinanceBoard
Trustees for Methodist Church Purposes
Other funds
Total funds held by Internal Organisations (the closing
balance total from above) (e12)
Bank DepositAccount
SUB TOTAL - Church accounts
TOTAL CASH FUNDS HELD BY CHURCH
Cash in hand
BankCurrentAccount
OPENING
BALANCES
139,521
110,993
250,514
(c6)
4,746 (e11)
255,260
(x)
CLOSING
BALANCES
f1 Cash in hand
f2 BankCurrentAccount 19,443
f3 Bank DepositAccount
f4 Central FinanceBoard 16,170
f5 Trustees for Methodist Church Purposes
f6 Other funds
f7 SUB TOTAL - Church accounts 35,613 (c8)
f8 Total funds held by Internal Organisations (the closing
balance total from above) (e12)
4,518 (e12)
f9 TOTAL CASH FUNDS HELD BY CHURCH 40,131 (y)
SECTION G
OTHER ASSETS and LIABILITIES
Other Assets
Other Liabilities
Investments (includeEndowments)
Land &Buildings (seenotesreInsurancevalue)
Loan(s)-showamount outstanding at yearend
At
1 September 2022
2,489,144
At
31 August 2023
2,671,673
28,000
g1 Investments (includeEndowments)
g2 Land &Buildings (seenotesreInsurancevalue) 2,489,144 2,671,673
g3 Other Assets
g4 Loan(s)-showamount outstanding at yearend 28,000
g5 Other Liabilities

f4 Include only Funds held at the Central Finance Board

f5 Include only Funds held at Trustees for Methodist Church Purposes

g1 Include any other investments (not the cash element of TMCP trusts accounts this is included in line f5

3 of 5

churches-receipts-and-payments-2023 final

Name of Church ……YIEWSLEY METHODIST ………………… No………..

Declarations and Scrutiny

I confirm that these Receipt and Payment based accounts for the year to 31 August 2023 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees.

Signature of treasurer ……………………………………………………… Date……………………..

Name and address of treasurer ……S Sheila Palmer

17 Newcroft Close , Hillingdon Post Code UB8 3RH

Presentation to the Church trustees

I confirm that the annual report and accounts for the year ended 31 August 2023 were/ will be* presented to the meeting of the Church trustees held on 20 June 2024

Signature of the Chair of the meeting ……………………………………………………………………

Name of the Chair of the meeting …........ Revd Ken Kingston Date …20 June 2024

Independent Examiner’s Report to the Trustees of the

YIEWSLEY METHODIST CHURCH

Charity Number 1127645

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the …YIEWSLEY………………. Church for the year ended 31 August 2023 set out on pages .1. to ..3.. As the Church’s trustees, 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 Church’s accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

4 of 5

churches-receipts-and-payments-2023 final

Name of Church ……………Yiewsley Methodist……………………… No ………….

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which give me cause to believe that in, any material respect:

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.

I have/ have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.

Signature of independent examiner ………………………………………………………………….

Name of independent examiner …………John Chamberlain……………………….

Relevant professional qualification of independent examiner ………………………………………

Name of firm (where appropriate) ………………………………………………………………………

Address ………4, WILMAR CLOSE, HAYES, MIDDX………………

……………………………………………………………………………….. Post Code …UB4 8ET

Date ……28 / 2 / 24………

* delete or circle as appropriate

Form Review

May-23

churches-receipts-and-payments-2023 final

5 of 5

CHURCH RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS

Yiewsley Methodist

Church

FOR THE YEAR ENDED

31 August 2023

Circuit
Harrow and Hillingdon
Circuit no. 35/36
Registered Charity - Charity Registration number
1127645

If not a registered charity Her Majesty's Revenue and Customs Gift Aid number

(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242)

Minister:

Revd Dr Dong Hwan Kim

Church Stewards:

Ms Priya Rasanayagam Mrs Sandy van Brummen

Mrs Heather Harvey Mrs Lesley Pepler

Treasurer:

Ms Sheila Palmer

churches-receipts-and-payments-2023 final

1 of 5

Church

ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

Yiewsley Methodist

SECTION A Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
Restricted
Funds
£
15,933
5,386
78,328
45,116
Totals this
year
£
15,933
5,386
78,328
45,116
Totals this
year
Totals last
year
£ £ £ £
a1 RECEIPTS Note
a2 Offerings and Tax recovered 15,933 15,933 14,330
a3 Bank and CFB interest and
Investment income
5,386 5,386 502
a4 Lettings 78,328 78,328 73,980
a5 Other receipts 45,116 45,116 1,566
a6 TOTAL RECEIPTS 144,763 **144,763 ** (a7) 90,378
SECTION B 41,698
10,923
11,208
293,863
1,972
b1 PAYMENTS
b2 Circuit Assessment or Share 41,698 41,698 41,798
b3 Donations 404
b4 Repairs and Maintenance 10,923 10,923 14,628
b5 Utilities (Insurances, water
charges,heating& lighting)
11,208 11,208 8,750
b6 The Roof 293,863 293,863
b7 Otherpayments 1,972 1,972 3,813
b8 TOTAL PAYMENTS 359,664 **359,664 ** (b9) 69,393
(214,901)
SECTION C
c1 NET RECEIPTS/PAYMENTS
FOR THE YEAR
(a6-b8)
(214,901) (214,901) 20,985
c2 Total funds brought forward from
last year
250,014 500 **250,514 ** (c6) 229,529
35,613
c3 (c1+c2)
Sub total
35,113 500 35,613 250,514
c4 Transfers and adjustments (c7)
c5 TOTAL FUNDS AT END OF YEAR
(c3+c4)
35,113 500 **35,613 ** (c8) 250,514 (c6)
SECTION D
d £
1,071
1,071
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
BALANCE STILL TO BE PAID (d1+d2-d3)
Balance brought forward from lastyear
Offerings/Gifts - received for external organisations
Offerings/Gifts -passed to external organisations
(these amounts are not to be included in total receipts/payments figures above)
£
d1 Balance brought forward from lastyear
d2 Offerings/Gifts - received for external organisations 1,071 263
d3 BALANCE STILL TO BE PAID (d1+d2-d3)
Offerings/Gifts -passed to external organisations
1,071 263
d4

2 of 5

churches-receipts-and-payments-2023 final

Yiewsley Methodist

Church

SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTING TO THE CHURCH COUNCIL

SECTION E Please follow the Guidance Notes to complete this page Summary of the Church accounts for the year ended 31 August 2023 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected District Organisations.

SUMMARY OF CHURCH ACC
SECTION E
Summary of the Church accounts for the year ended 31 August 2023 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an
Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed
to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A
DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected
District Organisations.
INTERNALORGANISATIONS
e1 Ladies Circle
e2 Luncheon Club
e3 Parent & Toddler
e4 Space 2 Be
e5
e6
e7
e8 Sub total of Internal
Organisations funds
e9 Church accounts (totals
brought forward from page 2
- totals column)
e10 TOTAL CASH FUNDS HELD
BY CHURCH

SECTION F

STATEMENT OF ASSETS AND LIABILITIES

STATEMENT OF ASSETS AND LIABILITIES
CHURCH - CASH FUNDS HELD at 31 August 2023
Central FinanceBoard
Trustees for Methodist Church Purposes
Other funds
Total funds held by Internal Organisations (the closing
balance total from above) (e12)
Bank DepositAccount
SUB TOTAL - Church accounts
TOTAL CASH FUNDS HELD BY CHURCH
Cash in hand
BankCurrentAccount
OPENING
BALANCES
139,521
110,993
250,514
(c6)
4,746 (e11)
255,260
(x)
CLOSING
BALANCES
f1 Cash in hand
f2 BankCurrentAccount 19,443
f3 Bank DepositAccount
f4 Central FinanceBoard 16,170
f5 Trustees for Methodist Church Purposes
f6 Other funds
f7 SUB TOTAL - Church accounts 35,613 (c8)
f8 Total funds held by Internal Organisations (the closing
balance total from above) (e12)
4,518 (e12)
f9 TOTAL CASH FUNDS HELD BY CHURCH 40,131 (y)
SECTION G
OTHER ASSETS and LIABILITIES
Other Assets
Other Liabilities
Investments (includeEndowments)
Land &Buildings (seenotesreInsurancevalue)
Loan(s)-showamount outstanding at yearend
At
1 September 2022
2,489,144
At
31 August 2023
2,671,673
28,000
g1 Investments (includeEndowments)
g2 Land &Buildings (seenotesreInsurancevalue) 2,489,144 2,671,673
g3 Other Assets
g4 Loan(s)-showamount outstanding at yearend 28,000
g5 Other Liabilities

f4 Include only Funds held at the Central Finance Board

f5 Include only Funds held at Trustees for Methodist Church Purposes

g1 Include any other investments (not the cash element of TMCP trusts accounts this is included in line f5

3 of 5

churches-receipts-and-payments-2023 final

Name of Church ……YIEWSLEY METHODIST ………………… No………..

Declarations and Scrutiny

I confirm that these Receipt and Payment based accounts for the year to 31 August 2023 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees.

Signature of treasurer ……………………………………………………… Date……………………..

Name and address of treasurer ……S Sheila Palmer

17 Newcroft Close , Hillingdon Post Code UB8 3RH

Presentation to the Church trustees

I confirm that the annual report and accounts for the year ended 31 August 2023 were/ will be* presented to the meeting of the Church trustees held on 20 June 2024

Signature of the Chair of the meeting ……………………………………………………………………

Name of the Chair of the meeting …........ Revd Ken Kingston Date …20 June 2024

Independent Examiner’s Report to the Trustees of the

YIEWSLEY METHODIST CHURCH

Charity Number 1127645

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the …YIEWSLEY………………. Church for the year ended 31 August 2023 set out on pages .1. to ..3.. As the Church’s trustees, 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 Church’s accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

4 of 5

churches-receipts-and-payments-2023 final

Name of Church ……………Yiewsley Methodist……………………… No ………….

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which give me cause to believe that in, any material respect:

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.

I have/ have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.

Signature of independent examiner ………………………………………………………………….

Name of independent examiner …………John Chamberlain……………………….

Relevant professional qualification of independent examiner ………………………………………

Name of firm (where appropriate) ………………………………………………………………………

Address ………4, WILMAR CLOSE, HAYES, MIDDX………………

……………………………………………………………………………….. Post Code …UB4 8ET

Date ……28 / 2 / 24………

* delete or circle as appropriate

Form Review

May-23

churches-receipts-and-payments-2023 final

5 of 5