2021-08-31-accounts

Charity registration number 1127649

TRINITY METHODIST CHURCH, EAST GRINSTEAD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

TRINITY METHODIST CHURCH, EAST GRINSTEAD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charity number

ABentley ABarnes
SHBruce
J W Starling
RADewar
J Hewer
RJ Starling
J Collins
JBrooks
M Collins
RevM Cooke
EDickenson
M P Bruce
MBrooks
RevNBrowning PFox	(Appointed29 September
	2020)
LFox	(Appointed 29 September
	2020)
S Shaw	(Appointed 23 May 2021)
P Swan	(Appointed 23 May 2021)
POakley	(Appointed 23May 2021)
MCunningham	(Appointed22 September
	2021)
CHodder	(Appointed 8November
	2021)
SWalker	(Appointed20May 2022)
GBradbury	(Appointed20May2022)
LHope	(Appointed20May2022)
ABrown	(Appointed 20May 2022)
AJordan	(Appointed20May 2022)
NJones	(Appointed 20May 2022)
1127649

a

TRINITY METHODIST CHURCH, EAST GRINSTEAD

Independent examiner . Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT

CONTENTS

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|||||| |---|---|---|---|---| |Page| |Trustees’|report|1-4| |Independent|examiner's|report|5| |Statement|of financial|activities|6-7| |Balance|sheet|8| |Notes|to the|financial|statements|9-21|

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TRINITY METHODIST CHURCH, EAST GRINSTEAD TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021 ey as ee ao et i The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. 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 2015). The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019) Objectives and activities 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; (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.

Our vision is to "know God and to make Him known". We are committed to sharing the Gospel in the local community; to increasing the fellowship of believers and making disciples, members and leaders.

We believe the Bible is the inspired word of God. Jesus Christ is the only Son of God. By prayer, Bible study and listening to His voice, the Holy Spirit equips us to do the will of God. Everything we do should give glory to God.

It is our aim to:

• Welcome all who come to Trinity Methodist Church and encourage them to become part of the Church family.

• Foster, through our worship, the expectation that the Holy Spirit will work in people's lives, changing them for the better.

• Nurture spiritual growth by meeting together for fellowship, prayer, Bible study and teaching.

• Undertake evangelistic outreach to the local community.

• Encourage the preaching and teaching of the Gospel.

• Develop caring relationships and share each other's needs and burdens.

• Provide opportunities for individuals to develop their spiritual gifts and service.

• Be of service to the local community.

• Ensure that world mission is encouraged, to be aware of and to respond to the needs of Christ's body worldwide.

Our objectives are:

• The provision of regular acts of worship that are open to members of the Church and non-members alike.

• The teaching of Christianity through sermons, courses and small groups.

• Pastoral work including visiting the sick and bereaved.

• Promotion of Christianity through staging events and services.

• Provision of various clubs with a Christian ethos, including clubs for children and young people, senior citizens, men’s

• “and women's groups.

• Supporting other charities in the UK and overseas financially and with prayer.

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page 1

TRINITY METHODIST CHURCH, EAST GRINSTEAD TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 - Provision of daily refreshments via our Café to encourage awareness of all of the above activities. - Active involvement in the community focused outreach activities of Foodbank, Street Pastors and Christians Against Poverty (CAP).

Public benefit

The Trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives in planning its future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set.

Achievements and performance Charitable activities

The Annual Church Report prepared for the Annual Church Meeting 2022 detailed many of the achievements and performances of the Church for the year to 31st August 2021. Activities continued to be severely affected by the restrictions imposed by the Government as a result of the Covid pandemic.

The Church took action to mitigate the effects of the premises closure. When restrictions allowed, a 30 minute 'spoken word' 9am service took place. The 10.45am family service continued to be livestreamed via Facebook until restrictions were finally lifted in July 21. The first in-person 10:45am service also marked the last service for Rev Ralph Ward before he moved onto his new appointment with the West Cornwall Circuit. Throughout the period our work with children and young people continued via Zoom.

In financial terms, it sought to alleviate the loss of income from weekly congregational giving by encouraging members to switch to direct payments through their banks. This approach met with considerable success, and those who chose not to make the switch to direct banking found other ways of continuing to make their donations.

Financial review FINANCIAL REVIEW

The Church's income comes mainly from offerings, donations, tax-efficient giving and hiring out of facilities (income from the tatter has reduced as a result of Covid restrictions). Expenditure is primarily on Church administration, the Annual Circuit Assessment, donations within Methodism and externally, and maintenance of the premises. The Circuit provides ministry for the Circuit churches, including stipends and accommodation.

The Church Accounts include the activities of internal organisations.

When possible funds are invested in a deposit account with the Central Finance Board of the Methodist Church, which provides investment management services to churches.

The Church has a comprehensive insurance policy with Methodist Insurance pic. The Trustees for Methodist Church Purposes act as custodian trustees for the church property, and provide support within their remit.

The statement of Financial Activities on page 5 shows net income resources for the year totalled £2 0,942 (202 0: £1 5,804 net income resources).

Reserves Policy

The Reserve for the General Fund, excluding the net value of tangible fixed assets and the investment property which are illiquid funds, is held against future expenses and amounts to between 50% - 100% of the Church's annual expenditure.

The loss of income from room lettings meant that the Church has needed to use some of its reserves. Nonetheless the reserves still remain strong, and with hirers now starting to return the indications are that the financial situation will improve.

FUTURE PLANS

We continue to use our p remises to worship the Lord and welcome the Holy Spirit, through a variety of services and acts of worship. We have a vision to strengthen and grow our fellowship in terms of faith, knowledge, numbers, spirituality and passion for Jesus. We also plan to continue reaching out and serving our town community in as many ways as we can, making full use of our excellent facilities, and we propose to enhance our work with young people.

,

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

The Covid pandemic has limited the use to which our premises have been used, either through closure or restricting the number of services that can be held and the numbers of people that can attend. It has also meant that our other plans have been put in abeyance. As Covid restrictions are gradually being lifted we plan to resume this work.

Structure, governance and management

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|||||||| |---|---|---|---|---|---|---| |A Bentley| |R Dymock|(Resigned|29 May|2022)| |A|Barnes| |K|Jones|S|(Resigned|23|May 2021)| |H|Bruce| |Rev|R|Ward|(Resigned|25|July|2021)| |J W|Starling| |S|Gillbard|(Resigned|23|May|2021)| |J Crome|(Resigned|23|May|2021)| |N Jones|(Resigned|23|May|2021)| |R A Dewar| |J Hewer| |BF|J Lanstone|(Resigned 23|May 2021)| |T|Turner|(Resigned|23|May 2021)| |R|J|Starling| |J|Collins| |J|Clay|(Resigned|23|May|2021)| |J|Brooks| |M|Collins| |Rev M|Cooke| |E|Dickenson| |J Percy-Bell|(Resigned 23|May|2021)| |M P|Bruce| |M|Brooks| |D|J Browning|(Resigned|1|May|2021)| |Rev N Browning| |P Fox|(Appointed|29|September 2020)| |L Fox|(Appointed 29 September 2020)| |K Balfour|(Resigned|29 May 2022)| |M Boaitey|(Resigned 29 May 2022)| |S|Shaw|(Appointed|23|May|2021)| |P|Swan|(Appointed 23|May|2021)| |P|Oakley|(Appointed|23|May|2021)| |M Cunningham|(Appointed 22|September|2021)| |C Hodder|(Appointed|8 November 2021)| |S|Walker|(Appointed 20 May 2022)| |G Bradbury|(Appointed|20 May|2022)| |L Hope|(Appointed 20 May 2022)| |A Brown|(Appointed|20 May|2022)| |A Jordan|(Appointed 20 May|2022)| |N Jones|(Appointed|20 May|2022)|

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Recruitment and appointmentof new trustees

Trustees are appointed by the Church Council at the Annual Church Meeting. Some Trustees occupy specific positions eg Treasurer, Church Steward, Potential trustees are invited to serve by direct approach from the Chairman or Church Steward, although an advertisement may be placed in the Church magazine or newsletter if specialist skills are required. Induction and training are handled by the previous occupant of the post, or the Church Stewards.

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Organisational Structure

The Church Council, whose members are the Trustees, has authority and oversight over the whole ministry of the church, including management of the property. Aims and methods, the determination and pursuit of policy and the development of its available resources are its proper responsibility. It has appointed a number ofcommittees - Finance, Property, Pastoral, Outreach and Youth - which have authority in their own areas of responsibility to initiate action, co-ordinate work done in the Church, advise the Church Council and report to it.

Key Management Remuneration

There are no key management employed by the Church. For all employees the Methodist Church Lay Employee pay rates.are used to determine pay rates.

Use of Volunteers

The Church by its very nature is largely supported and run by volunteers, and it could not function without them. The Church only uses paid staff when a role is too onerous for a volunteer to handle.

The trustees’ r e port was approved by the Board of T tustees.

Rev :a Trustee ; Dated: ga\ 22. .

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINITY METHODIST CHURCH, EAST GRINSTEAD a>— aI Ireport to the trustees on my examination of the financial statements of Trinity Methodist Church, East Grinstead (the charity) for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements ofthe Charities Act 2011 (the 2011 Act).

T report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

T understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after | January 2015.

I have completed my examination. I confirm that no 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 ofthe charity as required by section 130 ofthe 2011 Act; or 2 the financial statements do not accord with those records; or 3 the financial statements 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 ofthe financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited Chartered Accountants

1-7 Station Road Crawley West Sussex RH10 1HT

Dated: 2afeler

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021
inii =e,
Current financial year
		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds
		general	designated
		2021	2021	2021	2021	2020
	Notes	£	£	£	£	£
Income from:
Donations andofferings	3	86,126	150	51.798	138,074	122,517
Lettings and investment income	4	24,177	-	-	24,177	28,702
Other income and internal organisations	5	1,110	72	110	1,292	18,571
Total income		111,413	222	51,908	163,543	169,790
Expenditure on:
Charitable activities	6	119,141	15,480	7,980	142,601	153,986
Net (outgoing)/incoming resources
before transfers		(7,728)	(15,258)	43,928	20,942	15,804
Gross transfers between funds		-	45,000	(45.000)	-	-
Net (expenditure)/income forthe year/
Netmovement in funds		(7,728)	29,742	(1,072)	20,942	15,804
Fund balances at 1 September2020		111,735	2,880,085	88.067	3,079,887	3,064,083
Fundbalancesat31August2021		104,007	2,909,827	86,995	3,100,829	3,079,887

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

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Prior financial year
		Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds
		general	designated
		2020	2020	2020	2020
	Notes	£	£	£	£
Income from:
Donations and offerings	3	83,237	305	38,975	122.517
Lettings and investment income	4	28.702	-	-	28.702
Other income and internal organisations	5	8.316	9,799	456	18,571
Total income		120,255	10,104	39,431	169,790
Expenditure on:
Charitable activities	6	125,753	23,483	4,750	153,986
Net (outgoing)/incoming resources before
transfers		(5,498)	(13,379)	34,681	15,804
Gross transfers between funds		(5,414)	50,414	(45,000)	-
Net (expenditure)/income forthe year/
Netmovement in funds		(10,912)	37,035	(10,319)	15,804
Fund balances at 1 September2019		122,647	2,843,050	98,386	3,064,083
Fundbalancesat31August2020		111.735	2,880,085	88.067	3,079,887

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

BALANCE SHEET

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||||||||| |---|---|---|---|---|---|---|---| |AS|AT|31 AUGUST|2021| |hale:ee|ee|ee|ee|ee|ee|ee|ee| |2021|2020| |Notes|£|£|£|£| |Fixed|assets| |Tangible assets|16|2,968,582|2,983,952| |Current|assets| |Debtors|rf|21,722|23,393| |Cash|at bank and|in|hand|217,822|228,160| |239,544|251,553| |Creditors:|amounts|falling due within.one| |year|13|(64,797)|(68,118)| |Net current|assets|174,747|183,435| |Total|assets less current liabilities|14|3,143,329|3,167,387| |Creditors:|amounts|falling due|after| |(42,500)|(87,500)| |more than|one year Net|assets| |3,100,829|3,079,887| |Income funds|——|——| |Restricted funds|15|86,995|88,067| |Unrestricted funds| |Designated fund|2,909,827|2,880,085| |16|2,909,827|2,880,085| |General|unrestricted funds|104,007|111,735| |3,013,834|2,991,820| |3,100,829|3,079,887| |The financial|statements were approved by the Trustees on 2alel2.| |4)|ff|yr|:| |A Bentley|(Rev M Cooke|

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

ee

• 1 Accounting policies

• 1.1. Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of[Ireland”][(“FRS][102”)][and][the] Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage ofthe provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

• 1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of[their][charitable][objectives.]

Designated funds are at the discretion of the trustees and can be created if there is a specific project/objective that they wish to spend funds on.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive the income and the amount can be quantified with reasonable accuracy. Voluntary income received by grants, donations, offerings and legacies are included in full in the Statement of Financial Activities when receivable.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Investment income is included when receivable.

Other income includes income from Internal Organisations and is recognised when it is receivable.

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

NOTES TO THETO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 AUGUST 2021	NOTES TO THETO THETHE FINANCIAL STATEMENTSSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31THE YEAR ENDED 31YEAR ENDED 31ENDED 3131 AUGUST 2021
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1	Accounting policies (Continued)
1.5	Expenditure
	Expenditure is recognised once there is a legal or constructive obligation to transfereconomic benefit to athird party, it is probable that a transfer ofeconomic benefits will be required in settlement, and the amount ofthe obligation can be measured reliably.
	Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared
	costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costswhich are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of
	resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion ofthe asset’s use.
	Expenditure is recognised once there is a legal or constructive obligation to make a payment toa third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading:
	Expenditure on charitable activities includes the provision ofministry and their associated support costs.
	Support costs are those functions that assist thework ofthe charity but do not directly undertake charitable activities.
	Support costs include premises and office related costs, and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities. The allocation ofsupport costs is analysed in note 7.
	Governance costs include those incurred in the governance by the trustees of the charity's assets and are primarily associated with constitutional and statutory requirements of operating the charity. Governance costs are included
	within support costs and allocated to charitable activity costs.
1.6	Tangible fixed assets
	Tangible fixed assets are initially measured at cost and subsequently measured at cost orvaluation, netofdepreciation and any impairment losses.
	Fixtures, fittings and equipment are depreciated over 10 years ona straight line basis.
	In accordance with Church Council rules buildings value in the accounts is based on insurance value.
	Freehold buildings are depreciated over 50 years ona straight-line basis. No depreciation is charged in the accounts on the basis that the residual value ofthe buildings exceeds the costand any depreciation chargewould be immaterial.
1.7.	Impairment offixed assets
	At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount ofthe asset is estimated in orderto determine the extent of the impairment loss (ifany).
1.8	Cash and cash equivalents
	Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities ofthree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currentliabilities.

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

asoS. 1 Accounting policies (Continued)

• 1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all ofits financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basicfinancial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basicfinancial liabilities

Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition offinancial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity is not subject to corporation tax or any other taxes on income or gains arising from its charitable objectives.

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

i

2Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Valuation of Buildings

Buildings are included in the accounts at historic cost. no depreciation is charged on the building on the basis that the estimated residual value is in excess of the cost included in the accounts and depreciation would be immaterial.

3 Donations and offerings

			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			general	designated
			2021	2021	2021	2021
			£	£	£	£
Donations	and	offerings	86,126	150	51,798	138,074
			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			general	designated
			2020	2020	2020	2020
			£	£	£	£
Donations	and	offerings	83,237	305	38,975	122,517

aeeeee ree page 12

TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021	FOR THE YEAR ENDEDENDED 31 AUGUST 2021AUGUST 20212021
ii a
4	Investment income
		Unrestricted	Unrestricted
		funds	funds
		general	general
		2021	2020
		£	£
	Rental income	24,037	27,858
	Interest receivable	140	844
		24,177	28,702

5 Other income and internal organisations

	Unrestricted	Unrestricted	Restricted	Total
	funds	funds	funds
	general	designated
	2021	2021	2021	2021
	£	£	£	£
Other income	1,110	-	110	1,220
Internal Organisations	-	72	-	72
	1,110	72	110	1,292
	Unrestricted	Unrestricted	Restricted	Total
	funds	funds	funds
	general	_—designated
	2020	2020	2020	2020
	£	£	£	£
Otherincome	8,316	-	456	8,772
Internal Organisations	-	9,799	-	9,799
	8.316	9,799	456	18,571

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

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7	Support costs
		Support costs	Governance	2021	Support costs	Governance	2020
			costs			costs
		£	£	£	£	£	£
	Independent Examiners fee	-	3,600	3,600	-	3,600	3,600
		-	3,600	3,600	-	3,600	3,600
	Analysed between
	Charitableactivities	-	3,600	3,600	-	3,600	3,600

8 Trustees

No trustees received remuneration, other benefits or expenses for the years ended 31 August 2021 and 31 August 2020.

9 Employees

The average monthly number of employees during the year was:

2021	2020
Number	Number
2	2

During the year £12,504 (2020: £20,615) was paid out in wages. This included £5,168 included redundancy payments. There were no social security costs or pension payments made in either year.

Key management personnel are considered to be trustees.

No employees received remuneration exceeding £60,000.

There were no employees whose annual remuneration was more than £60,000.

ee page 15

TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Si

10 Tangible fixed assets

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Land|and Fixtures,|fittings|Total| |buildings|&|equipment| |£|£|£| |Cost| |At|1|September 2020|2,900,000|168.908|3,068,908| |At|31|August 2021|2,900,000|168,908|3,068,908| |Depreciation|and|impairment| |At|1|September|2020|-|84,956|84,956| |Depreciation|charged|in|the|year|-|15,370|15,370| |At|31|August|2021|-|100.326|100,326| |Carrying amount| |At|31|August|2021|2,900,000|68.582|2,968,582| |At|31|August|2020|2,900,000|83,952|2,983,952|

----- End of picture text -----

All Methodist Churches are owned by trustees for Methodist church purposes of Central buildings, Oldham Street. Manchester. The cost of acquiring the property and any development work are reflected in the accounts of Trinity Methodist Church, East Grinstead on the basis that the Trustees are responsible for the building and the substance of the transaction is that Trinity Methodist Church, East Grinstead own the property.

11 Debtors

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2021|2020| |Amounts|falling|due|within|one|year:|£|£| |Other|debtors|-|2,829| |Prepayments|and|accrued|income|21,722|20,564| |21,722|23,393| |Loans|and|overdrafts| |2021|2020| |£|£| |Other|loans|87,500|132,500| |Payable|within|one year|45,000|45,000| |Payable|after|one year|42,500|87.500|

----- End of picture text -----

1. Loans and overdrafts

ee

page 16

TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

13.	Creditors: amounts falling due within one year
		2021	2020
		£	£
	Borrowings	45,000	45,000
	Accruals and deferred income	19,797	23,118
		64,797	68,118
14	Creditors: amounts fallingdue after more than one year
		2021	2020
		£	£
	Borrowings	42,500	87,500

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TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 ane ra nnn nn evn rnnunnrnnnrnnvmnnnnmnnrSNnn I

15 ___ Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

		Movement in funds	Movement in funds
	Balance at 1 September	Incoming resources	Resources expended	Transfer	Balance at 31August2021
	2020
	£	£	£	£	£
BenevolentFund	2,147	413	(43)	-	2,517
Key Deposits CAP	828 18.206	40 9,034	(20) (6,326)	- -	848 20,914
BuildingFund LayAssistantFund Property Fund	55,090 11,671 126	40,829 - 1,592	- - (1,592)	(45,000) - -	50,918 11,671 127
	88,067	51,908	(7,980)	(45,000)	86,995
		Movement in funds
	Balance at 1 September 2019	Incoming resources	Resources expended	Transfer	Balance at 1 September 2020
	£	£	£	£	£
Benevolent Fund	1,825	358	(36)	-	2,147
Key Deposits	785	80	(37)	-	828
CAP	17,212	5,671	(4,677)	-	18,206
BuildingFund	66,769	33,319	-	(45,000)	55,090
Lay AssistantFund	11,668"	33	-	-	11,671
Property Fund	127	-	-	-	126
	98.386	39,431	(4,750)	(45,000)	88,067

The Benevolent Fund represents monies received that can only be used for benevolent purposes.

The Key Deposits Fund represents money received in respect of key deposits and is held subject to being repaid.

The Building Fund represents donations received that are to be spent on rebuilding the church.

The Lay Assistant Fund represents monies giving in order to fund the salary when a new Lay Assistant is appointed. The Property Fund represents donations received for the purpose of spending on the property.

The CAP fund represents monies received that are to be spent on providing Christians against poverty (CAP) services.

page 18

TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

ee

16 —_—Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

		Movement in funds	Movement in funds
	Balanceat 1 September	Incoming resources	Resources expended	Transfers	Balance at 31 August 2021
	2020
	£	£	£	£	£
Thursday Group	964	15	(38)	-	941
Family Fun	320	57	(43)	-	334
Welcome Cafe	5,298	-	-	-	5,298
Trinity Messengers	139	-	-	-	139
Kaleidoscope	261	-	-	-	261
Mens Breakfast	232	-	-	-	232
Trinity Books	319	-	-	-	319
Land and Buildings	2.767.500	-	-	45,000	2,812,500
Fittings Fund	83.952	-	(15,370)	-	68,582
Roudabout	20,921	-	-	-	20,921
Youth work	150	150	-	-	300
Church Flowers	29	-	(29)	-	-
	2,880,085	222	(15,480)	45,000	2,909,827
		Movement in funds
	Balance at 1 September	Incoming resources	Resources expended	Transfers	Balance at 1 September
	2019				2020
	£	£	£	£	£
Thursday Group	696	461	(193)	-	964
Family Fun	220	309	(209)	-	320
Welcome Cafe	4,129	8,049	(6,880)	-	5,298
Trinity Messengers	139	-	-	-	139
Kaleidoscope	199	109	(47)	-	261
Mens Breakfast	138	338	(244)	-	232
Trinity Books	200	533	(414)	-	319
Land and Buildings	2,722,500	-	-	45,000	2,767,500
Legacies	TAINS			(7,415)	-
Fittings Fund	86,493	-	(15,370)	12,829	83,952
Roudabout	20,921	-			20,921
Youth work	-	150		-	150
Church Flowers	-	155	(126)	-	29
	2,843,050	10.104	(23,483)	50.414	2,880,085

aeae eee page 19

TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

a

16 Designated funds

(Continued)

The Land and Building fund represents the funds of the Church that are tied up in the church building and are not therefore free reserves.

The top six funds represent internal organisations and reflect income received and expenditure paid out by each internal fund and the balance ofcash held on behalfof each internal organisation at the end ofthe year.

The Legacies fund represents funds received as a bequest in wills.

The Roundabouts fund represents the funds remaining when the Pre-school closed.

The fixtures and fittings fund represents monies tied up in the fixtures and fittings purchased for use within the church.

The Trinity Books fund represents income received and expenses paid out in respect of the operation ofa book shop in the church cafe.

The Church Flowers fund represents donations received for the purpose of spending on flowers for the Church sanctuary.

The Youth Work fund represents donations received specifically to support activities related to the children and youth groups within the church.

17 __— Analysis of net assets between funds

__— AnalysisAnalysis of netnet assets betweenbetween funds
	Unrestricted	Designated	Restricted	Total
	funds	funds	funds
	2021	2021	2021	2021
	£	£	£	£
Fund balances at 31 August 2021 are represented by:
Tangible assets	2,968,582	-	-	2,968,582
Current assets/(liabilities)	174,747	-	-	174,747
Long term liabilities	(42,500)	-	-	(42,500)
	3,100,829	-	-	3,100,829
	Unrestricted		Designated	Restricted
	funds	funds	funds
	2020	2020	2020	2020
	£	£	£	£
Fund balances at 31 Augusr2019 are represented by:
Tangible assets	-	2,983,952	-	2,983,952
Current assets/(liabilities)	111,735	(16,367)	88,067	183,435
Long term liabilities	-	(87,500)	-	(87,500)
	111,735	2,880,085	88,067	3,079,887

page 20

TRINITY METHODIST CHURCH, EAST GRINSTEAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

18 COVID-19

As a direct consequence of the Coronavirus (COVID 19) pandemic, and in accordance with the UK government guidelines, Trinity Methodist Church ceased all face to face activity on 21 March 2020 and had moved to providing services online where possible. Service and activity resumed during the year where and when possible in accordance with government guidelines.

At the date of approval of the accounts it has not been possible to quantify or ascertain with any certainty the financial impact of COVID-19. No adjustments have been made to any figures in the accounts as a result of the pandemic.

19 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).

page 21