P= 4 =[|] Accruals AccountsChurch 2020-21 4 3 a = | 3 3 =g Registered Charity - Registration number 3 : = 3 =) = | 3 = = 3 = 3 a **----- Start of picture text -----**
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# THE METHODIST CHURCH # STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for the year ended 31st August 2021 Priory Methodist Church, Bedford 3 9 Church Stewards Alan Davis **----- Start of picture text -----**
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a) = = =| -& =| =[|] 3 2 LF PRIORY METHODIST CHURCH, BEDFORD Registered Charity no. 1127751 ANNUAL ACCOUNTS For the Year ended 31 August 2021 Priory Methodist Church, Bedford, was consecrated in June 1969. whichIt tookwait **s** namesituated fromin thth **e** Auguslocali **t** yinian and Priory ofwas dissolved St Paulin 1541. of Newnham, = | = =? “3 = | =[|] 3 3 3 = | = =[|] a[|] = ? 3 =[|] | 3 z * Y | 3 3 ¥ ## Priory Methodist Church, Newnham Avenue, Bedford Contents of the Financial Statements **----- Start of picture text -----**
||||| |---|---|---|---| |Year ended|31st August 2021| |Page| |Trustees report|l|to 5| |Independent Examiner's Report|6| |Statement|of Financial|Activities|7| |Balance|Sheet|8| |Notes to the Financial|Statements|9 to|13| |;| |Restricted and Designated Funds|14| **----- End of picture text -----**
ad af 3 mri ist h, Bed salear Methode 1 Au 21 3 3 1 Objjecti and Viti 3 Prio h is e days of M isits t0 Be y 1969 i roon gatio1es earlieste to pene[odis] orshiMhith visigc ity in th = | pre Wesl odistise Oean eeame Pintogether[ane] re Circuit of chip **pin** g community in be Mstrroughct?premianesatanx pandid= aeMethsoericeHoltl partpetsa» andwitiesonnto shexarePrioion.‘orthoryesWeloienei€ areive eet:mmialshisoodpartwitoithof[serv] anall ecuthe those[meni] © needWicale mee trians, andoft. ththgleerane wi|ocaliith ity,heSt j 0SootChuriteurchobjenget:7welrid:cha en **d** ©repronewclaimconfidandlenceaffirmini God'sour copres:nvictioencen ofandGod’actionslovn ini **e** thiince worldhrist forand usini thande fior 3 3 As ways towards realisising thiiS pririority, wee will gi icular att e followin ‘ Underpi ing everythiing we do win ie-ce partintred worshiptention andpto th 3 Supportirpinni ommuni and action for j ong the ss deprivedrting c r- in aritaievelonandpmentworldwide justicesd sass 3 . Develo | and po fidenunityce i gelism and ini th tospeak od and fas **i** th **i** n at makesense seeall evaninvolv = | : sincourf **a** gigingve con fresh w f bein ed 3 Nurturingacultureinmays th © whichh i ple-centred and flee **xi** ble 3 Fach pesoed[try] € specc **i** fi cs of how to pal objjectives into actition. Th[we] h Councithroughas © re-focused the merk ofourgeee ch rom the ‘Our C amework i o three areas[ecen] fortly‘P bes Pri urcheadfi ershi a seri of aiims under each of th. ositiaaa® Priossid activicay” ings. Thi 3 basvises the agen each t **i** me th o In aidesition PBi the ion.objectiThheadi ory L annually by th daurch - Aim $ meetsand objectitives then retaiyjectivmy as soe aa a8mi Teamleast set to take us into~ Chthe ne Council.of PLTou r life : xt year together. are P nefit Statem . rsse man Beagin ees O ory M they are isfied that th = | have co ied wiith theirofdPri at theC ty has unde n suitablempliworks ecf **o** rnthe b **en** t:uty gan° publicois ensquireconfirmdby the Chariharity Cosati ission , a 3 2 Achi Perform ance and -term obj in the followi as: Inspiri 0rship, 3 ulding both |munientsity» and Sharinshortg Fai yjecith th° e local ider communinity Z ng W Examples bei R und orshi? J egularunior S ing:rch fi se arie’ Zz COurses 2 A alas of's ubs,pr dre gr eamins andm ces to the Ch and loca I co’mmuniity f[oup:] e use ee. lel pre-SC plagrouPp Fun c[mises] lub runninor thclautrea:chi ative duriing each school y. rome re pre i e | Pririoryry is ve ate **i** n its p ses CO e to be y us th its own groups and ifferen ide satio[remi] ns.ainbo Shonal o q shrteerat:andogy others fiound[organi] a well-equi d fri yeroly enviro in whickh butto meet. tw . Of qT course of the above could hai at Pri Aneout generosity of its etnibers none» both ini theiir re eckl pifencgand iin their igonatio:atemaynsinuedand ainlegacies user ¥ ba “ = 1 ## “1 me hodi Cchurch fe‘ord ar eer31 Aug[Bed] 202 1 3 =| re3 Fin we R iew t03 Ist August2 ha 4 IC itof£[year] 0458 hoWie anu t[pted] 2 papeficit getof £ hee10efi,593ncialemis was mntfon oesre ‘ssse therves C[noe] weivishge-it[ Cc] ounsi sits form ranieneral ij[ed] oneveinto | 510 i Dueto theongoiing effects the Coviid 1 e fro" hire? = by £ 13 071 ain udg fi se canh" 15 4 le .[et] 3 However.ae)nag[fi] Vv r ais re budgeted f[ae] d peaafiore[sid] meant[le][ acini] oweridesr=e 9 fomteethpan m0 clnseaim sev inro eift-aid ‘looaid **£4** vee,279h’aeatin mons 234Ww:d. =) =| Ww were also ‘icinnate in rece ivin otal of £4517iind0natiions from —indi idual=| eaviDueDakinto then An **a** ingre sideed) inchdin offor ‘ ing uthetilititiefin5,anc“esciial an and phwere a vining ate, e sOme At th e in Jully 202 1 th e inbo ich had u =| or c d thei 00 and th Ww el ool main rofo[our] ur enises end. jor some 20| tof i en ee[ost][whi] l 3 _use aftthepremisesahrn allen[maa] ises[lose] atona[a] TPre-Sxbe rsaieoeuohpeas highesvesetom—_[by] hoor[——] ly[y] rai[=o] orniomingin and[whi] “Sch 2 wae[mom] pay=[and] .[7.][sat][“i][2][ne][term] InF ru 2 lookin[th] e tis_ in , th Ccoueb l : co[to] ite rdshi odiSs‘ = ar ary th ore t £6 mt f[aang] 55[year][ce] North Beat1S fi oog the mrchpenssitu -ecuMain its[Has] ead* Chhure.ah .[sn] : **[o]** 3 ony =] ssneste Prio onion0paoa ae Tored icd in : q y to re that the fiinanne = onit cam 3.1 erves =| asas th ed c odiis tl t th ntof six m ahs jvesicleMineseane[eth] psaladide capi 3 S i experndi suc[peer] mergenc e Cc ese Churehbocnamounaneilhica beyt for jieS[cas] **a** gesi~figure t pl 4 t[ee] urm baron ndiiture iav is a equival fii en hich PriPriory pregis moaingd[i] 31% August im021 athes[na] e paeinek:[os][ ae] iisiiea[ ©][eq] es §aa[pre] = this £5 Bi cer De32USi 58 of F ese heId ff tenanaetreach and benevolent 3 aeode the besst thedi=areretioi eth useeerag= of“es th maine chumt Ss Res[a] Funds::These are funds that hiave been ened for specifi. ic purposes. a4 Both these types of fiunds = addedto andused thr‘oughout the year. 2 Wwedo not hold funds as custodian trustees 0}n behalfofoSuiits ae} atru ste esponsi s Fo ch[r] year e eT are requi | ? sta[rea] ——hae[ak] t giIve yp teoeeste sl ib onfa r **i** ligesee1A the almas financiialdire wiachiend to ameg thefinan=ear =] , 3 Priory hur ford eal- pene aeed 31Ccseoealust Bed20a1 me | 3 financiial posiition. at the end ofthe year. Inpreparing those firancial statemen 6 Tu ofstee itsshave: oO S d sui ble accountiting policiies and applied thom COnsistentl g th ccruals =[|] jse 3 ° M thodade judgj Suita and esti het eve nablean den ° Followed ESEicab ds . on m =| Pre g co basis ° P pared=ippl® f nan **i** nancial-ansemei **a** plytewi tandar reaso2 rep th with the = | Th ed i corda e wiith theC—tutioa ine of 4 th ese A ih = Ma are onsib ti or keepiing r acc disclose wi 3 raethos"areac anvy tim cial enables themithto iseonson tees nanci _ eths compl posi ounti soresponsibl . = | atngth e Ch eetsinksableaestepsand for prev a[eguar] etection ofthe fondponeetsand[of][ements] oth ure[Sata][a] = | uctu ce andm a en Ln shese M s EB:xcepted Statu su anr Sta No 159 1 h of J ary 2009 PTio! eth ord _—ea‘ gistered an Bilestdue to the Lai CharitiesAct 3 riory ethodiist Chu Is NO hire dHertf ire Disag of AeeltenMethodiist C exi In: pi dfordsto 1"1* § Essptem ber 2006 ordshi London Di ord Bont[—] of theLondon t[of] remens w ny istMckeeC)[a] nn[ sate] of GTeal Bedft Briitain(No|[rth)][ a][ “a] est reo | = | ing body of ry Metho Chu hurehc0uncil rs are the g trustec Me ist an ty[is] Pe[ t] ‘om CmissiSSI ractictice is for aginittom e ur timesbothet thodiand —pisptiona[:][ Char] I purpose sabesngs p[at] oaea **u**[ -] iredel. al° p rs arstick eChurehc0uncil by th nnua1Chu rch meeting of membe norma mbelly servin point6 for atermto thof sixsi years, ma | 5.2 = eeplanninPrio2ryandgemerthad **e** ersvisiohip[Team] —ry. edby the Church C(9)uncicil) i ocus 0—tegi 4 There are of c » ©& rty,Wae on ‘ me reg booneRaneea| withwi ogeeenorm[ittees] al every Fin ng of theCheas =| polilicy deciisions bei t Church C sfic **a** titon : All ing re o the =4 = | 6 Re a nd Admini e S etail of the Chari a odist Ch ty ry Meth —% 62Cast on I ered i dWales iassc:gland Ke Pri = | Th ethodi[ist][ C][hure][ha][nd][of][ th] Ofice is po siete venu[ryM] e, = ain? Sssea cone4 19 hamQJ jae 3 ~2 | Priory Methodist Church, Bedford 4 Year ended 31 August 2021 = 6.4 Minister = | Revd Andrew Hollins from September 2016 a | 6.5 Church Council Secretary: Mr Anthony Johnson from March 2015 to March 2021 = | Mr Alan Davis from July 2021 = | 6.6 Treasurer Mr Keith Gaunt from September 2019 = | 6.7 Membership of the Priory Church Council = | Members of the Church Council are the Managing Trustees of Priory Methodist Church. The a Church Council has authority and oversight over the whole area of the ministry of the Church, including the management of its property. Membership includes the Minister, the —F Leadership Team, the Senior Worship Steward, Treasurer, Secretary, Secretary of the Pastoral Committee, one Circuit Steward, representatives appointed by the Annual Church Council, -2 and additional persons appointed to the Council to ensure that all areas of the Church’s life are adequately represented. =a Names of those who have served as managing trustees in the year 2020-2021 “a Chairman Revd Andrew Hollins Secretary Anthony Johnson (from Mar 15 to Mar 21) Alan Davies = | (from Jul 21) Church Treasurer Keith Gaunt (from Sep 19) = | Inspiring Worship Liz Little (from Mar 14) ma | EvLe **a** rningngelism & Caringleader leader CM **ar** ianmen RoweKnights (from (from MarMar15)17) —3 GCTCoordinating Worship Steward JennyHazel LloydWarner (from (from FebMar14)15) & Lynne Gound (from Feb 19) —z PropertySafeguardingChair Officer JohnSusanLingings Arthern **(from** MarAug **13 to** JulyMar **21)** —3 CommunionPastoral CommitteeSteward HK **a** zelthy Lewis; (fromWarner (from AugMay 13)13) 2 HR Committee Alan Davis (from Sept 19) =| Church Council Representatives to the Circuit Meeting Carmen Rowe (from Aug 15) =| Liz Little (from Mar 20) | Lynne Gound (from Mar 20) 7 Church Representatives to the Church Council =| Jennifer Wood (from Mar 14) Tsatu Ametefe (from Mar14) Kathy Lewis (from Aug 13) Carmen Rowe (from Mar 15) Barbara Barlow (from Mar 15) Sue Butler (from Mar 17) Alan Davis (from Mar 19) Colin Watts (from Mar 20) Pauline Kaye (from Mar 20 to Mar 21) Angela Guerriero (from Mar 20) Lodewk Nel (from Mar 20) =.) Gordon Beeden (from Mar 21) i Circuit Steward Representative to Church Council but not a Managing Trustee of Priory =a Jane McVey | 4 3 Priory Methodist Church, Bedford 3 Year ended 31 August 2021 = Ministers = | Revd Andrew Hollins, Revd Dalwyn Attwell (from Mar 21 to July 21) =| 6.8 Bankers and Deposit Holders Santander UK UK Plc, BBAM, BBAM, Bridle Road, Bootle, Merseyside, L30 4GB 4GB = | Central Finance Board of Board of of the Methodist Church, 9 Bonhill Methodist Church, 9 Bonhill Church, 9 Bonhill 9 Bonhill Bonhill Street, Trustees for Methodist Methodist Church Purposes, Central Buildings, Oldham = | 1JQ. = | 6.9 Insurers 3 a =[|] =[|] =[|] =| = | 3 =| =] =| =a 3 =| | a = a =[|] =| a a =[|] = Santander UK UK Plc, BBAM, BBAM, Bridle Road, Bootle, Merseyside, L30 4GB 4GB Central Finance Board of Board of of the Methodist Church, 9 Bonhill Methodist Church, 9 Bonhill Church, 9 Bonhill 9 Bonhill Bonhill Street, London EC2A 4PE. Trustees for Methodist Methodist Church Purposes, Central Buildings, Oldham Street, Manchester M1 1JQ. Methodist Insurance plc, Brazennose House, Brazennose Street, Manchester M2 SAS 6.10 Independent Examiner re-appointed 2021. Keens Shay Keens Ltd Chartered Accountants, Exchange Building 16 St. Cuthbert’s St Bedford MK40 3JG ApprovalsPP The Trustees’ Report and the Financial Statements were approved by the Church Council on: Rev And Hollin¢[ | ChairDate: of“KnoChurchArwen Council20227and a Managing Trustee =[|] > =[|] 3 =a INDEPENDENT EXAMINERS' REPORT TO THE MEMBERS OF 3 =| I have examined have examined examined the financial financial statements of Priory Methodist Church Methodist Church Church for the year ended 31st August year ended 31st August ended 31st August 31st August August 2021 set out out on 3 pages 6 to 6 to to 14 which comprise of which comprise of comprise of of the Statement Statement of Financial Activities, the Balance Sheet and the related Balance Sheet and the related Sheet and the related and the related the related related notes. =| This20112011 reportand regulations is made solelymade tounder the Church's sectionand regulations is made solelymade tounder the Church's section regulations is made solelymade tounder the Church's section is made solelymade tounder the Church's section made solelymade tounder the Church's section solelymade tounder the Church's sectionmade tounder the Church's section tounder the Church's sectionunder the Church's section the Church's section Church's section section trustees,145145 of that as aAct. body, My in work accordancehas beenwithundertaken section that as aAct. body, My in work accordancehas beenwithundertaken section as aAct. body, My in work accordancehas beenwithundertaken section aAct. body, My in work accordancehas beenwithundertaken sectionAct. body, My in work accordancehas beenwithundertaken section body, My in work accordancehas beenwithundertaken section My in work accordancehas beenwithundertaken section in work accordancehas beenwithundertaken section work accordancehas beenwithundertaken section accordancehas beenwithundertaken sectionhas beenwithundertaken section beenwithundertaken sectionwithundertaken sectionundertaken section section so144 that of144 that of that of of theII might Charitiesstate Charitiesstatestate toActActthe = | purpose.Church's To trustees theChurch's To trustees the To trustees the trustees the the fulle tho tho **s** te mattersextente mattersextent mattersextentextent permittedI am requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'stoI am requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'sto am requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'sto requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'stoby law, to stateI do not to them accept in an independentor assume responsibility examiner'sto law, to stateI do not to them accept in an independentor assume responsibility examiner'sto to stateI do not to them accept in an independentor assume responsibility examiner'sto stateI do not to them accept in an independentor assume responsibility examiner'stoI do not to them accept in an independentor assume responsibility examiner'sto do not to them accept in an independentor assume responsibility examiner'sto not to them accept in an independentor assume responsibility examiner'sto to them accept in an independentor assume responsibility examiner'sto them accept in an independentor assume responsibility examiner'sto accept in an independentor assume responsibility examiner'sto in an independentor assume responsibility examiner'sto an independentor assume responsibility examiner'stoor assume responsibility examiner'sto assume responsibility examiner'sto responsibility examiner'sto examiner'stoto anyonereport and otherforthan no otherthereport and otherforthan no otherthe and otherforthan no otherthe otherforthan no othertheforthan no otherthethan no otherthe no otherthe otherthethe Church and and its trustees as a body, body, for my work, work, for this report, or for the the opinions I have have formed. = | RESPECTIVERESPONSIBILITIESOFRESPONSIBILITIESOFOF TRUSTEES AND EXAMINERS = | The charity's charity's trustees are responsible responsible for the preparation the preparation preparation of the accounts. accounts. The charity's charity's trustees consider consider that an an audit is not required not required required for this this year (under (under section 144(2) of of the Charities Act 2011 2011 (the 2011 Act), and and that an independent 2 examination is needed. needed. =] It is my responsibility to: * examine the accounts under section 145 of the 2011 Act; =| * to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and =] * to state whether particular matters have come to my attention. INDEPENDENT =a BASIS OF EXAMINERS' STATEMENT = | My examination was carried out in accordance with General Directions given by the Charity Commission, An a | preseexami **n** tedationwithincludes those arecords. reviewIt of alsothe ain **c** countingludes considerationrecords keptof byanytheunusual charity items and aor comparison disclosures ofinthethe accounts accounts, =[|] providand se **e** kingall theexplanations evidence thatfromwould the trustees be required concerniin a **n** gaudit,any suchand cons matt **e** quentlyrs. The procedures undertakenno opinion is given as doto whe no **t** her the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below. = INDEPENDENT EXAMINERS' STATEMENT a In the course ofmy examination, no matter has come to my attention: a (1) which gives gives me reasonable cause to believe to believe believe that in, any material respect, the trustees have not trustees have not have not not | met the requirements the requirements requirements to ensure that: that: * proper accounting accounting records are kept (in accordance accordance with section 130 of the the 2011 Act); and =] * accounts are prepared which agree with the accounting prepared which agree with the accounting which agree with the accounting agree with the accounting with the accounting the accounting accounting records and comply and comply comply with the accounting requirements of the the 2011 Act; or a (2)the to which, which,to in my opinion, my opinion, opinion, attention should be drawn be drawn drawn in order to enable to enable enable a proper understanding proper understanding of = | B | =| 7a # THE CHURCH COUNCIL OF PRIORY METHODIST CHURCH, BEDFORD YEAR ENDED 31ST AUGUST 2021 I have examined have examined examined the financial financial statements of Priory Methodist Church Methodist Church Church for the year ended 31st August year ended 31st August ended 31st August 31st August August 2021 set out out on pages 6 to 6 to to 14 which comprise of which comprise of comprise of of the Statement Statement of Financial Activities, the Balance Sheet and the related Balance Sheet and the related Sheet and the related and the related the related related notes. This20112011 reportand regulations is made solelymade tounder the Church's sectionand regulations is made solelymade tounder the Church's section regulations is made solelymade tounder the Church's section is made solelymade tounder the Church's section made solelymade tounder the Church's section solelymade tounder the Church's sectionmade tounder the Church's section tounder the Church's sectionunder the Church's section the Church's section Church's section section trustees,145145 of that as aAct. body, My in work accordancehas beenwithundertaken section that as aAct. body, My in work accordancehas beenwithundertaken section as aAct. body, My in work accordancehas beenwithundertaken section aAct. body, My in work accordancehas beenwithundertaken sectionAct. body, My in work accordancehas beenwithundertaken section body, My in work accordancehas beenwithundertaken section My in work accordancehas beenwithundertaken section in work accordancehas beenwithundertaken section work accordancehas beenwithundertaken section accordancehas beenwithundertaken sectionhas beenwithundertaken section beenwithundertaken sectionwithundertaken sectionundertaken section section so144 that of144 that of that of of theII might Charitiesstate Charitiesstatestate toActActthe purpose.Church's To trustees theChurch's To trustees the To trustees the trustees the the fulle tho tho **s** te mattersextente mattersextent mattersextentextent permittedI am requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'stoI am requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'sto am requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'sto requiredby law, to stateI do not to them accept in an independentor assume responsibility examiner'stoby law, to stateI do not to them accept in an independentor assume responsibility examiner'sto law, to stateI do not to them accept in an independentor assume responsibility examiner'sto to stateI do not to them accept in an independentor assume responsibility examiner'sto stateI do not to them accept in an independentor assume responsibility examiner'stoI do not to them accept in an independentor assume responsibility examiner'sto do not to them accept in an independentor assume responsibility examiner'sto not to them accept in an independentor assume responsibility examiner'sto to them accept in an independentor assume responsibility examiner'sto them accept in an independentor assume responsibility examiner'sto accept in an independentor assume responsibility examiner'sto in an independentor assume responsibility examiner'sto an independentor assume responsibility examiner'stoor assume responsibility examiner'sto assume responsibility examiner'sto responsibility examiner'sto examiner'stoto anyonereport and otherforthan no otherthereport and otherforthan no otherthe and otherforthan no otherthe otherforthan no othertheforthan no otherthethan no otherthe no otherthe otherthethe Church and and its trustees as a body, body, for my work, work, for this report, or for the the opinions I have have formed. RESPECTIVERESPONSIBILITIESOFRESPONSIBILITIESOFOF TRUSTEES AND EXAMINERS The charity's charity's trustees are responsible responsible for the preparation the preparation preparation of the accounts. accounts. The charity's charity's trustees consider consider that an an audit is not required not required required for this this year (under (under section 144(2) of of the Charities Act 2011 2011 (the 2011 Act), and and that an independent examination is needed. needed. (1) which gives gives me reasonable cause to believe to believe believe that in, any material respect, the trustees have not trustees have not have not not met the requirements the requirements requirements to ensure that: that: * proper accounting accounting records are kept (in accordance accordance with section 130 of the the 2011 Act); and * accounts are prepared which agree with the accounting prepared which agree with the accounting which agree with the accounting agree with the accounting with the accounting the accounting accounting records and comply and comply comply with the accounting requirements of the the 2011 Act; or (2)the accountsto which, which,to be reached.in my opinion, my opinion, opinion, attention should be drawn be drawn drawn in order to enable to enable enable a proper understanding proper understanding of KEENSW Kingston SHAY FCA KEENS LIMITED Chartered Accountants 2nd Floor, Exchange Building 16 St. Cuthberts Street Bedford MK40 3JG 6 Church No 1127751 = —3 —_ | ## Priory Methodist Church, Bedford ## Statement of Financial Activities (SOFA) for the year ended 31 August 2021 **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Notes|to|Designated| |the|General Fund|Funds|Restricted|Endowment|Total|Total| |accounts|(Unrestricted)|(unrestricted)|Funds|Funds|2020-21|2019-20| |£|£|£|£|£| |Income| |Offerings|59,279|59,279|54,824| |Donations|3,417|1,225|2,124|6,766|17,868| |Gift aid|14,920|14,920|15,171| |Legacies|0|10,000| |Interest|and|investment|income|86|24|110|332| |income from|property|lettings|23,121|23,121|29,372| |Internal|organisations|80|80|435| |Other|charitable|income|2|0|521| |Total|income|100,823|1,225|2,228|-|104,276|128,523| |Expenditure| |Circuit assessment|or share|66,000|66,000|66,000| |Grants and donations|3|3,000|163|1,580|4,743|7,051| |Property maintenance|2,949|5,210|67|8,226|7,500| |Insurance,utilities etc|4|11,017|11,017|14,210| |Salaries and associated costs|5|19,901|19,901|19,377| |Office expenses|1,848|1,848|1,301| |Other expenditure|6|909|1,651|2,560|3,287| |Internal organisations|574|574|813| |Total|charitable|expenditure|105,624|5,373|3,872|-|114,869|119,539| |Gains/(losses) on monetary investments|0|0| |Net income/(expenditure)|-4,801|-4,148|-1,644|-|- 10,593|8,984| |Transfers|between|funds|-4,190|5,000|-810|0|0| |Other gains/(losses)|0|0| |Net movement|in|funds|-8,991|852|-2,454|-|-|10,593|8,984| |Total|funds brought forward|67,501|13,716|25,911|236|107,364|98,380| |Total|funds|carried forward|58,510|14,568|23,457|236|96,771|107,364| **----- End of picture text -----**
? 4 Priory Methodist Church, Bedford Church No 1127751 = | = | 3 = | 4 = | =! 3 2? =| “a ## Balance Sheet as at 31 August 2021 **----- Start of picture text -----**
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |=|||General Fund]|Designated|Restricted|| Endowment||Totals 2021]|[Totals 2020| |(Unrestricted)|Funds|Funds|Funds| |3|NotesAccounts to the|£|(Unrestricted)£|£|£|£|£| |=|||Fixed Assets| |Church|[building]|and|other|property|EE|aaa|2,017,099|2,017,099}|2,017,099| |investments|S™—~—CS~sYSC“C«~‘S~ésdYC‘(‘CSC#éi«z|86]|4|19)|4,613| |4|| ©fotalfixedasses||| 2,021,482]OSC236]|2,021,718] ||[2,021,712]| |Current|Assets| |=|||Debtors|and prepayments|+‘.|(10|‘||209i]|||||||_—20,916)|31,156| |Loans|by|the Churches|nas|SS|See|BS|Ge|es|0| |=!|Investments with TMCP|ee Se|ee|es|0| |Central|Finance|Board|Deposits|[||27201)|—=—s5,000)~—ss224904754695)|49,742| |3|Cash at Bank and in hand|Ct|7,701]|9,68]63|18,232|23,834| |PS«Totalcurrentassets||35518]|14,508]|23,457]|0]|93,843]|[108,732| |Current|liabilities| |2?|Creditors|(due|in under|[|]|yea|Tn|||toy|||||‘||i69ii/{|[1,981)]| |Grants|payable|within|2017-18|Ss| |Total currentliabilities||||SOL SC]|CCC]|1,691]|||[1,981]| |=||Rs||) 9| |Net current assets/liabilities||||«S4,A27||4,568|23,457]|OY|92,152] ||102,751| |3|Total assets less currentliabilities] si|2,075,609|14,568|[236]|2,113,870| |“a|due after more than one|year| |Grants|payable|after|2017-18|ES|ee|eS|as|ee)|See||||Bee| |=|[|]|aLoans|to the Church|ineRS|GeeSSSe|SSeee|ee|ee:||6|eee| |PSSSSCSCS~«Ntassets||=|~_—«TS09|T4508]|23457]|230]|2,113,870]|||[2,124,408]| |=|||GeneralFunds of Fundthe Church(Unrestricted|Se|2,075,609|2,075,609]|||2,084,600| |=|||Designated FundsTotal Un(Un|res|trictedtricted Funds}| Sas)—~—~=*d|14,568|7,090,177]14,568|||2,09813|,|37|16| |=|||[EndowmentRestricted FundsFunds||=|23,457|P2386]|S236)|||___ 25,911)| |Total Funds|||2,075,009] 14568]|23457]|236)|2,113,870]|||2,124,463| |>|The|Financial St|approved7|by§ the Board pf Trustees on.|922,|APON-2022|and were signedon|its|behalf|by:| |Andrew HollinsTet /|Keith|Gaunt| **----- End of picture text -----**
## Minister Church Treasurer Priory Methodist Church, Bedford Notesto the Accounts for the yearended 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 2015) and the Charities Act 2011. 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. The accruals basis has been used and trustees present accounts that show a true and fair view of the Church's financial position and activities. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated below. ## Going concern **----- Start of picture text -----**
||||| |---|---|---|---| |During the year, the global health crisis caused by Coronavirus (COVID-19) has hada|significant impact on all charities.| |The Trustees have assessed the potential|impact of|this uncertain situation on the charity and does not consider that|it will| |lead to any subsequent impairment of|the reported amount ofthe value of|assets.|Contingenncy plans have been put in| |order to mitigate the negative effects ofany period of|interrupted receipts, which will enable the charity|to continue as a| |going concern.| **----- End of picture text -----**
## Income recognition **----- Start of picture text -----**
Income is brought into the accounts when the church becomes entitled to the resources; the trustees are virtually certain
that they will receive the resources and the monetary value can be measured with sufficient reliability.
No attempt is made to measure the value of services donated by volunteers,
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Church to the expenditure,
it is probable that a transfer of resources will be required in settlement and the monetary value can be measured reliably.
Expenditure is accounted for on an accruals basis by nature of the expenses incurred.
Tangible fixed assets
Assets are capitalised if they can be used for more than one year, and individually cost at least £1000.
They are valued at cost or a reasonable value on receipt. Provision is made for depreciation where appropriate to ensure
the cost less residual value is written offover their useful economic lives on a straight line basis.
The freehold property is disclosed in the accounts at open market valuation in the opinion of the Trustees as a whole.
No depreciation is provided because the trustees consider the residual value of
valuation the building is not less than this carried
Investments and it is maintained to a standard to ensure this residual value.
The investmentsare in monetary assets and are held by the Trustees for Methodist Church Purposes (TMCP) as
custodian trustees. The valuations, at market value, are those provided by TMCP.
TheInvestment unrealised income gains is arising included on in investments the accounts at when the end receivable. of [the][ year][ are][ shown] [in] [the][ SOFA.]
Fund accounting
RUnr e strictedstrictefunds funds cancan be only usebe used d in accordance withfor particular restricted the charitable purposes objectives within the at objects the discretionof the ofcharity.the Trustees.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
ofDesignated fundsthe Minister of arth e heldchurch. for use in repairs & maintenance, outreach and benevolent needs, the latter at the discretion
Restricted and designated funds are added to and used throughout the year.
**----- End of picture text -----**
9 —a 4 —3 3 2 | “a “2 | =| a 2 =[|] = | = =| =| =| “2 a | = | = = 3 o 2 -| e | = | = w a | xs a Priory Methodist Church, Bedford Notes to the Accounts for the Year Ended 31 August 2021 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |General|Designated|Restricted| |Fund|Wests|Fonds|Total 2021|Total 2020| |2|Other|Charitable|Income|£|£|£|£|£| |Thisbenefit includesof various FundraisingFunds|administere activies un|d|ertakenby the Church. within the church and by church members to the| |Coffee & Tea Donations|0|486| |Other|0|35| |a|—| |0|521| |3|Grants and Donations| |These|are sums|given|to Connexional|Funds,|Charities|and|Projects|in year.| |AllMethodistWe Can Church Fund|3,000|3,0000|3,000351| |ChurchesSt Johns Hospice Together|0|1,839|0| |Junior Mission|for All|156|156|216| |Other|1,424|1,424|1,489| |Outreach|activities:|includingg|Benevolent Fund| |163|163|75| |3,000|163|1,580|4,743|7,051| |4|Insurance, Utilities etc| |Insurance|5,237|5,168| |Refuse Collection|402|338| |WaterElectricity,|Gas|4,776176|GPS866i be| |Telephone|426|463| |11,017|14,210| |5|Salaries and associated|costs| |Gross|salary paid|to one|(2020:|1) employee|was|as|follows:| |Gross Pay|19,300|18,792| |Employer's|National|Insurance|Contributions|0|2| |Employer's|Pension contributions to defined contribution scheme|601|583| |19,901|19,377| |The Employer's National Insurance Contribution|in year was fully covered by the|government| |allowance.|The small payment|last year was to settle 2018-19|calculation|differences.g| |There is no accrual|for holiday pay as|it|is immaterial;|the holiday year ends 31|August in|line| |with the Financial|Year.| **----- End of picture text -----**
10 Priory Methodist: Church, Bedfore Notes to the Accounts for the Year Ended 31 August 2021 ) | | f : q | > 4 3 a 3 z | =| a =| =| =| ||General
Designated
Sandi
Funds
£
£|Restricted
aside
£|Total2021
Total2020
3
£|Total2021
Total2020
3
£| |---|---|---|---|---| |6|Otherexpenditure
JuniorChurch&YouthWork
Evangelism&PastoralSupport
Worshipresources,Communionwine, AfricanPalmsetc
Musicandcopyrightlicences
Organandpianotuning
Offertory Envelopes
Costsofincomegeneration
21
AnnualAccountsinspectioncharge(1
888
Other
909
0|233
77
161
777
165
238
1,651|233
77
161
777
165
0
2)
888
238
2,560|104
254
1,050
165
124
276
942
372
3,287| |7|Fees forexaminationorauditoftheaccounts|||| ||Independent examiner’sforreportingontheaccounts
Otherfees(eg:advice,accountancyservices)paidtotheindependent||400
488|400
$42| ||examiner||888|942| |8|Church buildingsandotherproperty
Thevalueofthechurchbuildingandbungalow isbelievedtobeconsistentwiththe|Church buildingsandotherproperty
Thevalueofthechurchbuildingandbungalow isbelievedtobeconsistentwiththe|thecostshownbelow|below| |---|---|---|---|---| ||inthe accounts.|F**r**eehold
P operty
£|Fixtures,
fittingsa**n**d
equipme t
£|Total
£| ||Balancebrought forwardat 1
September2020,atcost|1,950,099|67,000|2,017,099
0| ||Additions
Revaluations|||0
0| ||Disposals
Transfers|||0| ||Balance carried forward at31
August2021|1,950,099|67,000|2,017,099| The Trustees believe the above carrying values to be a fair open market value ofthe assets concerned. 9 Investments The funds that support the various funds are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management oftrust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference. ## Analysis of investment movements **----- Start of picture text -----**
ChangeCarrying (market) valuein investment values at beginning of year
Add: additions to investments at cost
Less: disposals at carrying value
Net gain/(loss) on revaluation
Carrying (market) value at end of year
**----- End of picture text -----**
**----- Start of picture text -----**
This year Prev year
£ £
4,613] 4,584
rT 6 29
a Ve
a er
;_4.619[ 4,613]
**----- End of picture text -----**
11 mn | Priory Methodist Church, Bedford 3 Notes to the Accounts for the Year Ended 31 August 2021 =| a Total 2021 Total 2020 £ £ 10 Debtors: amounts due within one year Inland Revenue, Gift Aid to August 2021 6,289 6,388 Circuit Quarterly Assessment, Sept to Dec 2021 13,750 16,500 PrepaSundr **y** ments Debtors **4** 3740 7,836432 20,916 31,156 11 Creditors: amounts due within one year Sundry Creditors 691 610 Income in Advance 0 371 : Accruals **1,** 691000 **1,** 981000 12 Funds t a meeting of the Trustees on ugust e trustees considered their role in ensuring best use of the funds andA assetsing of of the the Church. T They resolved12 August to widen2020 ththe use of the organidered theirfund toroleinsteadi ensureing be ongoing provisionf the fund P of music in support of worship to reflect the diverse sources ofmusic used by the church in a modern context. Theyresolved also that resolved the funds that would the drama be spent groupin fund should the coming be months transferred to support out in evanglism order to close the fund. efforts. The trustees Endowment Fund This fund - HC Dunham Bequest - is restricted by deed and the capital value cannot be spent. However the income earned on the capital can be used each year. Income from this fund was used for futherance of General Church purposes.Pp Restricted Funds These are funds donated to the church for a specific purpose, and must be utilised for this purpose only. Retiring & other collections Donations given in response to specific calls and needs during the church year to be passed on to other beneficiaries. Positive Priory Fund Funds to ensure the church and its buildings are able to thrive into the future by supporting the Positive Priory tri-fold mission Organ Fund Funds in event of major restoration of organ. St Johns Hospice Donations given to be passed to the local hospice Drama Group Funds donated to support the drama group. Various Church Groups Groups with separate financial arrangements within the church life. Designated Funds These funds are to serve specific purposes but are not restriced by any document or deed. They are: Property Repairs Fund Designed to build a fund to meet costs of larger maintenance works Priory Outreach Account —_ To support outreach activities within the church and circuit, with a particular focus on young people Benevolence Fund For use at the Ministers discretion to meet needs of people within the locality of the church 12 | ~| | | 2 Priory Methodist Church, Bedford Notes to the Accounts for the Year Ended 31 August 2021 3 =| | a | 3 =. | rd a re] 2 ga re] a | S 3 2 3 a ey o i} **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |13|Summary of|Fund Movements|The current| |value ofthe|Annual| |Endowment Name|How the capital|is|invested|capital|income| |£|£| |HC Dunham|TMCP|236|-| |Retiring|Balance|||Resources|| Expended|Balance| |Positive|Prioryand otherFund collections|||64]6,510|1416)|ET) a|en)| |17,780|16,422| ||StVarious Johns Church Hospice Groups||1,454]|ee80]S748Are|ee:|ee| |icneaoaeaams|td| |Totals|25,911|2,228)|3,872]|810]|23,457| |14|Related|Parties| |All Managing Trustees are members of|the Church and as such have contributed|to the income|and activities| |through giving of|offering,|related gift aid and participation in fundraising activities.|These gifts, as with those| |of all|Church|members,|are|voluntary|in|nature and|are therefore|not|disclosed.| |Related parties include the Methodist Connexion, Methodist Circuits and Districts, Central Finance Board| |and TMCP.,|All of|these entities have their own Trustees or Directors.| |During the year the church made a number of|payments to related parties:|Total 2021|Total 2020| |£|£| |Name of Organisation|Nature of payment| |North|Bedfordshire|Circuit|Assessment|66,000|66,000| |MethodistMethodist Church World|Mission Fund|/ All We Can|DonationDonation|3,0000|3,000351| |GoldingtonMethodist Relief ChurchesFund Together for Human Need|DD|onation|0|1|20|0| |Methodist|Insurance|Insurance premium|5,242|5,182| **----- End of picture text -----**
## 15 Volunteer Contributions Priory Methodist Church is heavily reliant on volunteers who contribute their skills, time and money to support all areas ofChurch life and work. We are grateful to all ofthem for their help and commitment. No attempt has been made to value the non-monetary contributions to the Church in monetary terms. 16 Capital commitments and contingent liabilities There were no capital commitements or contingent liabilities at the year end (2020: £nil) Pad 13 |~y|in
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