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2023-08-31-accounts

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EMSWORTH METHODIST CHURCH

ANNUAL REPORT AND

FINANCIAL STATEMENTS

for the year ended 31** August 2023

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Contents

Trustees Annual Report Statement of Financial Activities Balance Sheet Notes to the Accounts Independent Examiner's Report

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Trustees’ Report for 2022-23

1. Introduction

Emsworth Methodist Church & Pastoral Centre {EMCPC) is a serving and worshipping Christian Church in the heart of Emsworth, working closely with other churches and with the local community. We seek to offer a variety of different styles of Sunday Worship during the month and during the week we are open as a Pastoral Centre and welcome all for refreshment, friendship or just to offer a quiet space.

For further details see: www.emsworthmethodistchurch.org

We hope all who come will feel part of this supportive and caring church family as we seek to serve God in this place.

2. Administrative Information

Emsworth Methodist Church is registered with the Charity Commission as Charity Number 1127747. Correspondence should be addressed to either The Minister or Senior Steward or Treasurer at Emsworth Methodist Church & Pastoral Centre, 19 High Street, Emsworth, PO10 TAQ.

The Trustees are the members of the Church Council of Emsworth Methodist Church. The following are the Trustees at the date of this report, and served as Trustees during the year:

Ex officio members Superintendent Minister Revd David Muskett Ministers Revd Stephen Wright (to 31.8.23) Deacon Stephen Richardson Circuit Steward Matthew Thomas (to 9.11.22) Elizabeth Wade (from 9.11.22) Church Stewards Veronica Hickox, Marilyn Carroll (from 1.5.23), Gillian Richardson (from 1.5.23) Treasurer Peter Gregory Pastoral Secretary Diana Harris Church Council Secretary Alan Hickox Other members members Ruth Beechey, Marian Coles, Gill Cooper, David Cornelius (to 30.4.23), Sue Dudman, Geoffrey Eardley, Pamela Eardley (to

Other members members

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30.4.23), Diana Elliott, Marian Hughes, David Sawyer, Margaret Sawyer, Alison Vaughan, Vivien Watson, Dot Warren

Anglican PCC observer

Tony Hines

3. Purpose and Mission

EMCPC is part of the Methodist Church of Great Britain whose purposes are the advancement of:

The calling of The Methodist Church is to respond to the gospel of God's love in Christ and to live

out its discipleship in worship and mission. It does this through:

EMCPC is in the Southampton District whose Vision states ‘We will be a District where Circuits, Local Churches and individuals of all ages are accompanied and encouraged to respond to the gospel of Jesus Christ and participate in God's mission in the power of the Holy Spirit.’

EMCPC's mission is to be a serving and worshipping Christian Church in the heart of Emsworth,

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4. Structure and Governance

The Trustees are appointed either by the General Church Meeting or the Church Council as defined in the Constitutional Practice and Discipline of the Methodist Church.

EMCPC is governed by the Church Council whose membership is listed in Section 2 of this report. The Council met on three occasions during the year.

During the year, the Church Council paid due diligence to its statutory responsibilities for areas such as the protection of children, young people and vulnerable adults (Safeguarding), Data Protection, Health and Safety, and Environmental Health. We confirm that the Trustees have had regard to the Charity Commission's guidance on public benefit.

The Church Council has identified and recorded major risks and adopted management actions to mitigate these. Professional advice has been taken as required.

The interna! organization linked to this church is The Emsworth Methodist Church Wednesday Group (formerly the Emsworth Methodist Church Ladies Group) which met regularly during the year.

5. Review of the Year's Activities

The Pastoral Centre continues to provide a place of welcome, friendship and refreshment to all comers with tea, coffee and light refreshments, open every morning of the week until 1.00pm. We are very grateful to our volunteers from all the churches of Emsworth and the wider community who staff the Centre and support its work with prayer. Our Pastoral Centre Manager, Adrian Baldwin, has initiated several improvements, including changes of layout, making it a more attractive place to visit, and the introduction of a variety of new snacks — particularly hot ones. Fun and Friendship continues to meet on Thursday momings, an Internet Café meets bi-monthly to give assistance to people who might need support using their mobiles or tablets, and a monthly

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Dementia Choir provides a valuable recreational activity for those living with dementia and their carers and friends.

In addition to the regular services of worship, the church, as always, marked the passing of the Christian year by appropriate celebrations, particularly at Harvest, Christmas and Easter. During Lent, a study group met in the Pastoral Centre at Wednesday lunchtimes, offering the opportunity for a shared lunch followed by Bible study and discussion. At Harvest we donated to our local Food Bank, and over the Christmas period to Stop Domestic Abuse, and we had a collection for Action for Children. Other causes to benefit from special collections and donations during the year included All We Can, Methodist Homes for the Aged (MHA), Methodist Missions (Home and Overseas), Methodist Ministers’ Housing Society, The Fund for the Support of Presbyters and Deacons, The Methodist Church Fund for Property, The Methodist Church Fund for Human Need, Leaders of Worship & Preachers Trust, Christians Together in Emsworth, Good News for Everyone and Transform Trade.

We are a collection point to receive donations for the One Church Food Bank in Emsworth. We continue to be an active member of Christians Together in Emsworth and were able to host the serving of refreshments after the Good Friday walk of witness. The ecumenical Christian Aid Group held several coffee mornings and fundraising events on our premises, such as a book sale and an autumn sale of garden produce.

Worship is offered in several formats including Café Church on the first Sunday morning of each month and a Reflective Service with our Anglican friends on the second Sunday evening of each month. The opportunity to join morning worship via Zoom continues, other than on Café Church Sundays. Pastoral care is offered by our network of pastoral carers, and others, in a variety of ways including personal visits, regular telephone calls and the distribution of printed material. The former Ladies’ Group has extended its outreach, and as Wednesday Group is open to all, with twice-monthly meetings featuring a broad range of speakers and attracting both church members and people from the wider community. Whilst not meeting during the summer months, contact and pastoral support was maintained, with monthly events including a pub lunch, an afternoon tea, and ‘open house’ at a member's home. With the enthusiastic leadership of our Ministers, Pastoral Centre Manager and committed church members we look forward with optimism to continuing with our mission of service in our local community.

6. Financial Review

As in previous years, income was derived from four main sources: offerings and donations (£35,889) and associated gift aid (£8,862), lettings of the buildings and flats (£33,444) and sales in

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the Pastoral Centre (£16,102). These, together with donations and other assorted income, gave a total income for the year of £98,425. Rental of the premises by external individuals and organizations has returned to pre-covid levels and sales in the Pastoral Centre are greater than the previous year.

Expenditure trends

The major item of expenditure was the assessment paid to the East Solent and Downs Circuit of £36,852; about £4,000 less than the previous two years. The other major items of expenditure relate to the employment of the Pastoral Centre Manager (£15,280) and maintenance and services for the property (£34,091). Electricity and gas expenditure rose substantially to £11,711 — almost twice as much as two years previously.

Total expenditure for the year was £102,629 resulting in a loss for the year of £4,204 which will be met from unrestricted funds.

Assets and reserves

At the year end, the unrestricted assets in the General Fund amounted to £77,762. This fund is significantly more than the 6 months specified in the reserves policy (see section 7). Designated Funds (development, pastoral centre support) remained almost unchanged at £43,390 compared with the end of August 2022.

Insurance values of the buildings and contents are £2,755,971 and £199,227 respectively.

Budget for 2023-24

A budget showing a deficit of about £2,700 was approved by the Church Council in June 2023. There is uncertainty in the £13,500 allocated for utilities (mainly electricity and gas) but this sum is probably at the upper end of what will be required. Any shortfall at year end will be met from unrestricted funds.

7. Reserves Policy

The Reserves Policy of the Trustees is to hold a minimum sum equivalent to six months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on the church building and/or to sustain payment of the assessment payable to the Circuit.

8. Trustees’ Responsibilities in relation to the Accounts

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The Trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the Trustees are required to:

select suitable accounting policies and then apply them consistently;

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial information on the charity's website in accordance with legislation in the United Kingdom.

During the year, the recorded donations from Trustees to the general funds of EMCPC totalled £19,022.

Signed on behalf of the Trustees, following acceptance of this report at their meeting on 28" November 2023.

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EMSWORTH METHODIST CHURCH Statement of Financial Activities For The Year Ended 31st August 2023

Note Unrestricted Restricted Total Funds
Funds Funds 2023 2022
Incoming Resources
Pastoral Centre Sales (2) 16,102 16,102 9,840
Offerings & Donations (2) 35,889 35,889 50,022
Miscellaneous (2) 34,075 34,075 26,075
Bank Interest (2) 3,497 3,497 354
TaxRebates (2) 8,862 8,862 12,334
Total Incoming Resources 98,425 0 98,425 98,625
Resources Used
CircuitAssessment (3) 36,852 36,852 40,944
Property (3) 34,091 34,091 13,857
General Expenses (3) 31,686 31,686 54,939
Total Recourses Used 102,629 0 102,629 109,740
NetIncoming Resources (4,204) 0 (4,204) (11,115)
NetMovementon Funds (4,204) (4,204) (11,115)
Transfers between Funds 0 0 0
Other Gains/(Losses) 213,562 213,562 247,804
Balances Brought Forward
as at01.09.22 (4) 2,667,765 0 2,667,765 2,431,076
BalanceCarriedForwardat31.08.23 2,877,123 0 2,877,123 2,667,765

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EMSWORTH METHODIST CHURCH

Balance Sheet as at 31st August 2023

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Note 2023 2022
Fixed Assets
Church Buildings 2,755,971 2,542,409
Current Assets
Stock 586 435
Debtors (7) 9,607 8,978
Cash at Bank (5) 8,292 18,159
Cash in Hand (Pastoral) 197 180
Short Term Deposits (6) 103,574 122,256 98,624 126,376
Current liabilities
Amounts Falling Due Within One Year (8) (1,104) (1,020)
Net Current Assets 121,152 125,356
Liabilities Falling due in more than
one year 0 0
Net Assets 2,877,123 2,667,765
Represented by
Unrestricted Funds
General (4) 77,762 83,681
Pastoral Centre Support (4) 15,442 14,378
Development Fund (4) 27,948 27,297
Property Fund (4) 2,755,971 2,542,409
2,877,123 2,667,765
Internal Organisations Opening Closing
balances Reccipts Payments balances
Wesley Guild 47 (47) 0
Womens Group 928 (928) 0
Wednesday Group 1555 (787) 768
975 1555 (1762) 768
SignedChurch Feiss? : NAAN...boos
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EMSWORTH METHODIST CHURCH Notes to the Financial Statements for the Year Ended 31st August 2023 1 Accounting Policies The financial statements have been prepared in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) - the Charities SORP (FRS 102).

Public Benefit Entity

Emsworth Methodist Church meets the definition of a public benefit entity under FRS 102, Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note below.

Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Church's financial position and activities.

Going Concern Based on monetary assets and human resources available at 31st August 2023 the trustees believe that the Church is @ going concem,

Income

Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability. The Church acts as agent for certain monies collected for other charities and related parties. These transactions are Not reflected in the SOFA as they are not income of the Church. Instead the transactions are detailed in note 10 below.

Expenditure

This is recognised whena liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable, Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under legal or constructive obligation committing the Church to pay oul resources.

Grants

Grants made by the Church from its own funds are recognised in full at the time of agreement or when the Church accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payabe 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.

VAT

Since the Church is not VAT registered, all input VAT is charged with the expenses to which it refers.

Tangible Fixed Assets for use by the Church

No value is placed on church furniture and fittings held by the Church Council on special trust for the Church. Any expenditure on such items whether maintenance or improvement is written off at the time of the expenditure. The freehold property is shown at insured value.

Investment Properties

No property is currently deemed to not be held for the long term purposes of the charity.

Investments

Investments are valued in the balance sheet at the market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments Debtors include outstanding lettings invoices in August.

Creditors

Creditors include outstandings relating to utilities, telephones etc in August.

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EMSWORTH METHODIST CHURCH

Notes to the Financial Statements for the Year Ended 31st August 2023

Unrestricted Funds Unrestricted Funds Total 2022
Pastoral
General Support Development
2 Incoming Resources
Pastoral Centre Sales 16,102 16,102 9,840
Offerings & Danations
Offerings 33,726 33,726 34,183
Donations 2,163 2,163 15,839
Legacies 0 0
35,889 0 0 35,889 50,022
Miscellaneous
Rent (flats) 13,220 13,220 14,389
Use ofPremises
Photocopier		 20,224 20,224
0		 11,411
0
Government Grants 0 0
Other 631 631 275
34,075 0 0 34,075 26,075
Interest Received
CFB Deposit Fund 1,671 1,671 199
Trustees Interest Fund 1,133 693 1,826 155
1,671 1,133 693 3,497 354
Tax Rebates
Offerings 8,862 8,862 12,334
Pastoral Support 0 0
Fundraising 0 0
Development 8,862 ee.
eee:
0
0
8,862
12,334
TotalIncomingResources 96,599 1,133 693 98,425 98,625

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EMSWORTH METHODIST CHURCH Notes to the Financial Statements for the Year Ended 31st August 2023

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Funds|Total|2022| |Pastoral| |General|Support|Development| |3|Resources|Used| |Circuit Assessment|36,852|__:36,852|40,944| |Property|Expenses| |Light and Heat|11,711|41,711|8,815| |Water|436|436|390| |Repairs|and|Renewals|16,920|16,920|693| |Cleaning|3,111|3,111|2,223| |Insurance|1,913|1,913|1,736| |—|34,091|0|0|34,091|13,857| |General|Expenses| |Pastoral|Centre|Manager|15,280|15,280|11,338| |Telephone|477|477|407| |Office|supplies|915|915|742| |Subscriptions|and|Donations|3,260|3,260|ye3| |(see|note|9)| |Pastoral|Centre|Food|etc|5,264|5,264|2,281| |Repairs|and|Renewals|2,639|2,639|3,032| |Bank|Charges|501|501|379| |Independent|Examiners|Fee|1,146|1,146|1,020| |TMCP|Admin.|Charge|69|42|411|411| |Donation|to|Pension|Fund|0|15,000| |Organ|0|15,667| |Miscellaneous|2,093|2,093|2,190| |31,575|69|42|31,686|54,939| |Total|resources Used|102,518|69|42|102,629|109,740|

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EMSWORTH METHODIST CHURCH Notes to the Financial Statements for the Year Ended 31st August 2023

4 Analysis of Movement of Funds

~-Unrestricted ~-Unrestricted Funds
Pastoral
Centre Development
GeneralFund SupportFund Fund Property Fund
Balance Brought
Forward 01.09.2022 83,681 14,378 27,297 2,542,409
Incoming Resources
OutgoingResources
Revaluation
Transfers between		 96,599
(102,518)		 1,133
(69)		 693
(42)		 213,562
Funds
Balance Carried
Forward 31.08.2023 77,762 15,442 27,948 2,755,971
;
£2,877,123
2023 2022
5 Analysis ofCash at Bank
Barclays Bank GeneralAccount 7,397 14,447
Barclays BankSOAccount 895
8.292		 3,712
18,189
6 Analysis ofShortTerm Deposits
Central FinanceBoard ofthe MethodistChurch 45,367 42,132
TMCPTrustees Interest Fund 58,207 56,492
7 Analysis ofDebtors
Prepayments
- General Fund		 2,453 2,050
Tax Repayments 4,030 3,857
CircuitAssessment inAdvance 3,124 3,071
9,607 8,978
8 Analysis ofCreditors Payable inOne Year
IndependentExaminers Fees
Acruals		 1,104 1,020
Other Creditors
1,104 1,020

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EMSWORTH METHODIST CHURCH Notes to the Financial Statements for the Year Ended 31st August 2023

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9 Analysis of Subscriptionsand Donations (Payments)
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2023

PCC 180
Stop DomesticAbuse 100
Emsworth Food Bank 200
Havant Passion Play 500
PCCWarblington 500
Chnstians Together 110
Action for Children 300
AllWe Can 200
Fund ForHuman Need 400
Good News 100
MHA 200
Traidcraft 200
Leaders ofWorship & Preachers Fund 100
Methodist Church Presbyters & Deacons Fund 40
MethoditChurch Property 40
Methodist Ministers Housing Society 90
3260

10 Agency Collections & Payments

Brought Carried
forward 1 forward 31
Sep 22 Receipts Payments Aug 23
DEC Pakistan 0 824 (824) 0
AllWeCan 0 1022 (1022) 0
Action forChildren 0 644 (644) 0
DECTurkey
MethodistWomen Home Mission		 0)
0		 857
306		 (857)
(306)		 0
0
MHA 0 231 (231) 0
0 3884 (3884) )

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Independent Examiner's Report to the Trustees of Emsworth Methodist Church For the Year Ended 31 August 2023

This report on the accounts of the Church for the year ended 31 August 2023, which is set out on pages 9 to 15, is in respect of an examination carried out in accordance with Section 145 of the Charities Act 2011 (the Act).

Respective Responsibilities of the Trustees and Examiner

As Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of the Regulations and Section 144(2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission under Section 145(5)(b) of the Act. That examination includes a review of the accounting records kept by the Church and a companion of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently | do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

1D Shaw FCCA Hughes Spencer 12 Acorn Business Park Northarbour Road Portsmouth Hampshire PO3 6TH

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