**Church Accruals Accounts 2022-2023** 

## **THE METHODIST CHURCH** 

**ANNUAL  REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2023** 

## **Epsom Methodist Church** 

**Registered Charity - Registration number** 

**1127787** ~~—_~~ 

## **Circuit No 35/39** ~~ee~~ 

**Ministers** Rev Catherine Hutton, Rev Ung Soon Nguang and Mr Josh Selfe **Church Stewards** Mr Mark Angel Mrs Katharine Castledine Mrs Christine Cox Mr Robert Hill Dr Paul Warren **Church Treasurer** Mr Richard Smith ~~OO~~ 



## **Epsom Methodist Church Trustees' Annual Report** 

## **Contents** 

|**Contents**||
|---|---|
||Page|
|Introduction, Objectives and Activities|1|
|Review of Progress and Achievements, Financial Plans and Review|2|
|Trustee Responsibilities, Governance of Epsom Methodist Church, Reference and|3|
|Administration Details||
|Statement of Financial Activities (2022-2023)|4|
|Statement of Financial Activities (2022-2023)|5|
|Balance Sheet|6|
|Cash Flows|7|
|Note 1 Basis of accounting and accounting policies|8|
|Note 2 Collections and gift aid|9|
|Note 3 Donations|9|
|Note 4 Legacies|9|
|Note 5 Income for the use of the premises|9|
|Note 6 Roots (coffee shop)|9|
|Note 7 Nursey|10|
|Note 8 Interest|10|
|Note 9 Trust fund management charges|10|
|Note 10 Property utilities and maintenance|10|
|Note 11 Administration|10|
|Note 12 Salaries and associated costs|11|
|Note 13 Donations to charities|11|
|Note 14 Other expenditure|11|
|Note 15 Transfers between funds|11|
|Note BS1 Church buildings|12|
|Note BS2 Investments|12|
|Note BS3 Debtors and prepayments|13|
|Note BS4 Analysis of cash at bank|13|
|Note BS5 Analysis of current liabilities and long term creditors|13|
|Note BS6.1 General fund|14|
|Note BS6.2 Designated funds|14|
|Note BS7.1 CCEMC fund|14|
|Note BS7.2 Other restricted funds|14|
|Note BS8 Funds of other organisations in the church|15|
|Note ON3 Related party transactions|16|
|CCEMC report|17|
|Church Council members|18|
|Declarations|19|
|Independent Examiner’s Report to the Trustees|20|





## **Epsom Methodist Church TRUSTEES' ANNUAL REPORT** 

## _**FOR THE YEAR ENDED 31 AUGUST 2023**_ 

## **1 Introduction** 

- **1.1** Epsom Methodist Church serves Epsom as a centre for Christian Faith and as a community hub. The Chair, Revd Catherine Hutton, works with a team of Ordained and Lay people, both paid and voluntary to support and develop the life of the Church. 

## Registered Charity number 1127787 

Date of registration 30th January 2009 

- **1.2** The charity is controlled by its governing document, a Deed of Union (1932) and The Methodist Church Act (1976). It constitutes an unincorporated charity. 

**2. Objectives and Activities** 

## **Practical Management** 

- **2.1** Our Objectives are to fulfil our calling to share the Good News of God’s love in all the ways we can and to ensure this is done in a careful and responsible way through the management of our resources. These resources comprise our buildings, our financial assets and the personnel we engage as staff and volunteers. 

- **2.2** Our mission document states "Our purpose is to respond to God’s love in Christ for everyone by being a focus in the town for Christian teaching, worship and care." To achieve this we: 

- Meet for Sunday Worship and around the Christian Calendar as appropriate 

- Meet for prayer 

- Have house groups for learning, care and fellowship 

- Launched micro-churches for support, worship, discipleship & mission 

- Are piloting Forest Church 

- Work towards whole-church discipleship development and commitment to mission 

- Include everyone 

- Foster links with community organisations and other churches 

- Have a strong Pastoral Care system 

- Are home to EMC Nursery 

- Are home to the Chinese Congregation of Epsom Methodist (CCEMC) 

- Are home to Warm Wednesdays Community Project 

- Are home to Roots Coffee Shop 

- Have special clubs and courses for parenting, bereaved people, older people, families and toddlers 

- Have a silver award for Eco Church 

- Engage in mission & outreach education and facilitation 

- Support a Home for Hope into Action 

- Have regular opportunities for Faith Exploration 

- Offer YouTube access to Sunday Worship 

- **2.3** The accounts for EMC Chinese Congregation are included at Note 7.1 on page 14 The accounts for the EMC Nursery are included at Note 7 on page 10 

Page 1 



**Epsom Methodist Church TRUSTEES' ANNUAL REPORT** 

## _**FOR THE YEAR ENDED 31 AUGUST 2023**_ 

## **3 Review of Progress and Achievements** 

- **3.1** A verbal report is given annually at the General Church Meeting expressing the fullness of our life. Notable and new in 22/23 is the employment of the Mission Outreach Pastor, the months of offering a warm space (Warm Wednesdays), The life-skills series for families “Life on Course” and the provision of a Minister to focus on Pastoral Care. 

## **3.2 Plans for future years** 

- To develop Nursery to include a Family Centre to support parents and children. 

- To develop the building to allow the hospitality of the Church to grow. This will include a new and bigger kitchen, new rooms for teaching and private conversations and good storage of equipment. 

- To engage a Youth Pastor to connect with young people in uniformed organisations and those linked to church in other ways. 

- To install solar panels as part of our commitment to sustainability. 

## **4 Financial Plans and Review** 

Our Finance Team is responsible to the Resources Committee and ultimately the Church Council for financial planning and management. Care is given to managing the buildings and the needs of running the church. There is an expectation that the elements of Church life to which EMC is ‘home’ contribute in a financially responsible and meaningful way to meet the costs of their incurred expenses. An annual appeal to resource the costs of running the church is put to the congregation. New members are encouraged to join the giving scheme. 

A budget is set for every aspect of church life. We draw on our Capital reserves and one-off appeals for large projects and planned spending where we invest in personnel or equipment/improvement. We apply for appropriate Grants to support the work of the church. 

We have good lettings to community groups and these are overseen by our church Operations Manager. 

## **4.1 General Fund** 

The unrestricted General Fund includes the value of the buildings in its total figure. The figure for unrestricted funds (without the building) at the end of August 2023 is £215,457. 

Church income is generated through personal giving, lettings and grants. 

General Fund Restricted. The total restricted funds are £1,568. 

## **4.2 Investment Policy** 

- £100,000 has been invested in GILTS by the Church Council for 4 years. 

## **4.3 Reserves Policy** 

We hold £160,000 against our running costs for use in extremis. 

Page 2 



## **Epsom Methodist Church TRUSTEES' ANNUAL REPORT** 

## _**FOR THE YEAR ENDED 31 AUGUST 2023**_ 

## **5 Trustee Responsibilities** 

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit. The Trustees are appointed at the AGM of the church. 

## **Trustee Training** 

A range of guidance produced by Methodist Connexion to support the effective running of the church , specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Church Council members as induction to their role as trustees. 

## **Related Parties** 

The Church is part of the Sutton Circuit which is part of the London District and is also accountable to the Methodist Conference. 

## **5.1 Risk Management** 

   - Periodically, the Church considers the various risks facing the Church and the likelihood of those risks happening as well as the impact of said risks occurring. 

- Governance risks and Trustee Responsibilities 

- Operational risks: personnel, property and resources 

- Financial risks 

- External & Legal risks 

## **6 Governance of Epsom Methodist Church** 

- **6.1** Detailed governance arrangements are outlined within the Constitution, Practice & Discipline of the Methodist Church by order of the annual Methodist Conference (CPD). 

- **6.2** Day to Day management of the Church is undertaken by The Church office overseen by the Operations Manager, The Minister, The Finance Team and members of the Church Leadership Team. These parties report to Church Council. 

## **7 Reference and Administration Details** 

Financial report prepared by Richard Smith, Church Treasurer 

Independent Examiner Jacob, Cavanagh & Skeet, 5 Robin Hood Lane, Sutton, SM1 2SW 

Trustees Report Prepared by Epsom Methodist Leadership Team 

Chair: Revd Catherine Hutton 

On behalf of the Trustees 27th February 2024 

Page 3 



|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|**Name of Church**<br>**Epsom Methodist Church**<br>**Statement of Financial Activities(SOFA) for theyear ended 31 August 2023**|
|---|---|---|---|---|---|---|---|
||**Notes to the**<br>**accounts**|**General Fund**<br>**(Unrestricted)**|**CCEMC Fund**<br>**(Restricted)**|**Designated Funds**<br>**(Unrestricted)**|**Restricted Funds**|**Total**<br>**2022-23**|**Total**<br>**2021-22**|
|**Income from:**||£|£|£|£|£|£|
|**Donations and legacies**||||||||
|Collections and Gift Aid|2|143,547|135,059|-||278,606|237,421|
|Donations and Gift Aid|3|16,768|20,000|16,316|125|53,209|67,384|
|Legacies|4|||1,000||1,000|10,925|
|**Charitable activities**||||||||
|Contributions from church organisations|5|3,142||||3,142|2,025|
|Use ofpremises byexternal users|5|64,490||||64,490|60,366|
|Roots tradingincome|6|||48,621||48,621|35,431|
|Nurseryincome|7|||100,053||100,053|81,816|
|**Other trading activities**||||||||
|Lettingof church flat|5|13,200||||13,200|11,100|
|**Investments**||||||||
|Interest|8|9,812|7,926|553|-|18,291|6,039|
|**Other**||||||||
|Other income||-||-|-|-|-|
|**Total**||**250,959**|**162,985**|**166,543**|**125**|**580,612**|**512,507**|
|**Expenditure on:**||||||||
|**Raising funds**||||||||
|Trust fund management charges|9|1,334||||1,334|1,176|
|Book Fair costs||||||-||
|**Charitable activities**||||||||
|Mission and outreach||16,066|18,583|||34,649|3,368|
|Rootsgoods and other expenses|6|||19,859||19,859|14,077|
|Nurseryother expenses|7|||7,964||7,964|6,337|
|Buildingutilities|10|40,088||||40,088|29,956|
|Buildingmaintenance|10|22,603||834||23,437|76,285|
|Administration|11|13,088||||13,088|12,227|
|Salaries|12|76,706|76,530|179,833||333,069|230,405|
|Circuit share||85,000||-||85,000|93,400|
|Donations to charities|13|3,500|-|-|1,450|4,950|29,159|
|Depreciation||1,013||11,317||12,330|13,305|
|**Other**||||||||
|Other expenditure|14|-|19,675|-|-|19,675|10,851|
|**Total expenditure**||**259,398**|**114,788**|**219,807**|**1,450**|**595,443**|**520,546**|
|Netgains/(losses)on investments||**(12,205)**|**-**|**-**|**-**|(12,205)|**(18,841)**|
|**Net income/(expenditure)**||**(20,644)**|**48,197**|**(53,264)**|**(1,325)**|**(27,036)**|**(26,880)**|
|Transfers between funds|15|**16,045**|**(12,789)**|**(3,256)**|**-**|**-**|**-**|
|**Other recognisedgains/(losses)**||**-**|**-**|**-**|**-**|**-**|**-**|
|Gains/(losses) on revaluation of fixed assets||-|-|-|-|-|-|
|Actuarial gains/(losses) on defined benefit pension<br>schemes||-|-|-|-|-||
|Othergains/(losses)||-|-|-|-|**-**|-|
|||||||||
|**Net movement in funds**||(4,599)|35,408|(56,520)|(1,325)|(27,036)|(26,880)|
|**Reconciliation of funds**||**2,138,008**|**286,346**|**358,586**|**2,893**|**2,785,833**|**2,812,713**|
|**Total funds carried forward**||**2,133,409**|**321,754**|**302,066**|**1,568**|**2,758,797**|**2,785,833**|
|**Balance carried forward**<br>**Balance brought forward from last year**<br>Offerings/Gifts - received for  External Organisations<br>Offerings/Gifts - passed to  External Organisations<br>**For information only Money received and passed on to External Organisations**||||||||
|||||||**2023**|**2022**|
|||||||-|-|
|||||||2,172|5,005|
|||||||2,172|5,005|
|||||||**-**|**-**|



Page 4 



## **Name of Church** 

## **Epsom Methodist Church** 

|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|**Statement of Financial Activities(SOFA) for theyear ended 31 August 2022**|
|---|---|---|---|---|---|---|---|
||**Notes to the**<br>**accounts**|**General Fund**<br>**(Unrestricted)**|**CCEMC Fund**<br>**(Restricted)**|**Designated Funds**<br>**(Unrestricted)**|**Restricted Funds**|**Total**<br>**2021-22**|**Total**<br>**2020-21**|
|**Income from:**||£|£|£|£|£|£|
|**Donations and legacies**||||||||
|Collections and Gift Aid|2|133,909|103,512|-||237,421|216,860|
|Donations and Gift Aid|3|4,380|14,345|48,464|195|67,384|15,419|
|Legacies|4|||10,925||10,925|52,793|
|**Charitable activities**||||||||
|Contributions from church organisations|5|2,025||||2,025|995|
|Use ofpremises byexternal users|5|60,366||||60,366|24,337|
|Roots tradingincome|6|||35,431||35,431|5,989|
|Nurseryincome|7|||81,816||81,816|112,691|
|**Other trading activities**||||||||
|Lettingof church flat|5|11,100||||11,100|13,200|
|**Investments**||||||||
|Interest|8|5,090|904|43|2|6,039|4,839|
|**Other**||||||||
|Other income|13|-||-|-|-|26,271|
|**Total**||**216,870**|**118,761**|**176,679**|**197**|**512,507**|**473,394**|
|**Expenditure on:**||||||||
|**Raising funds**||||||||
|Trust fund management charges|9|1,176||||1,176|818|
|Book Fair costs||||||-||
|**Charitable activities**||||||||
|Mission and outreach|10|3,368||||3,368|6,784|
|Rootsgoods and other expenses|6|||14,077||14,077|2,976|
|Nurseryother expenses|7|||6,337||6,337|24,028|
|Buildingutilities|11|29,956||||29,956|23,611|
|Buildingmaintenance|11|9,379||66,906||76,285|12,879|
|Administration|12|12,227||||12,227|8,064|
|Salaries|13|62,544|57,000|110,861||230,405|225,549|
|Circuit share|14|73,400||20,000||93,400|104,000|
|Donations to charities|15|3,500|23,609|-|2,050|29,159|22,809|
|Depreciation||1,013||12,292||13,305|14,242|
|**Other**||||||||
|Other expenditure|16|-|10,851|-|-|10,851|11,771|
|**Total expenditure**||**196,563**|**91,460**|**230,473**|**2,050**|**520,546**|**457,531**|
|Netgains/(losses)on investments||**(18,841)**|**-**|**-**|**-**|(18,841)|**35,063**|
|**Net income/(expenditure)**||**1,466**|**27,301**|**(53,794)**|**(1,853)**|**(26,880)**|**50,926**|
|Transfers between funds|17|**19,108**|**(11,740)**|**(7,368)**|**-**|**-**|**-**|
|**Other recognisedgains/(losses)**||**-**|**-**|**-**|**-**|**-**|**-**|
|Gains/(losses) on revaluation of fixed assets||-|-|-|-|-|-|
|Actuarial gains/(losses) on defined benefit pension<br>schemes||-|-|-|-|-||
|Othergains/(losses)||-|-|-|-|**-**|-|
|||||||||
|**Net movement in funds**||20,574|15,561|(61,162)|(1,853)|(26,880)|50,926|
|**Reconciliation of funds**||**2,117,434**|**270,785**|**419,748**|**4,746**|**2,812,713**|**2,761,787**|
|**Total funds carried forward**||**2,138,008**|**286,346**|**358,586**|**2,893**|**2,785,833**|**2,812,713**|
|**Balance brought forward from last year**<br>Offerings/Gifts - received for  External Organisations<br>Offerings/Gifts - passed to  External Organisations<br>**Balance carried forward**<br>**For information only Money received and passed on to External Organisations**||||||||
|||||||**2022**|**2021**|
|||||||-|-|
|||||||5,005|1,981|
|||||||5,005|1,981|
|||||||**-**|**-**|



Page 5 



## **Epsom Methodist Church** 

## **Balance Sheet as at 31 August 2023** 

|||**Unrestricted**|**CCEMC Fund**|**Designated**|**Restricted**|**Totals this year**||**Totals last year**|
|---|---|---|---|---|---|---|---|---|
|||**General Fund**|**(Restricted)**|**(Unrestricted)**|**Funds**||||
|||**£**|**£**|**£**|**£**|**£**||**£**|
|**Tangible Fixed Assets***|||||||||
||**Notes**||||||||
|Church buildings|BS1|1,905,444||||1,905,444||1,905,444|
|Equipment|BS1|2,508||31,744||34,252||46,582|
|Investmentproperties|||||||||
|Investments|BS2|10,000||||10,000||10,000|
|**_Totalfixed assets_**||1,917,952||31,744||1,949,696||1,962,026|
|**Current Assets**|||||||||
|Debtors and Prepayments|BS3|50,635|15,750|||66,385||33,986|
|Investments with TMCP|BS4|114,903||208,356||323,259||380,001|
|Central Finance Board Deposits|BS4|47,917|253,595||1,568|303,080||349,671|
|Cash at Bank and in hand|BS4|9,692|52,409|61,966||124,067||127,479|
|**_Total current assets_**||223,147|321,754|270,322|1,568|816,791||891,137|
||||||||||
|Creditors(due in under 1year)|BS5|7,690||||7,690||67,330|
||||||||||
|**_Net current assets(liabilities)_**||215,457|321,754|270,322|1,568|809,101||823,807|
||||||||||
|**_Total assets less current liabilities_**||2,133,409|321,754|302,066|1,568|2,758,797||2,785,833|
||||||||||
|**Loans and creditors due after 1year**|||||||||
|Provisions for liabilities and charges|||||||||
||||||||||
|**_Net assets_**||2,133,409|321,754|302,066|1,568|2,758,797||2,785,833|
|**Funds of the Church**|||||||||
|General Fund(Unrestricted)|BS6.1|2,133,409||||2,133,409||2,138,008|
|CCEMC(Restricted)|BS7.1||321,754|||321,754||286,346|
|Other Designated funds(Unrestricted)|BS6.2|||302,066||302,066||358,586|
|Other Restricted funds|BS7.2||||1,568|1,568||2,393|
|**_Total Funds_**||2,133,409|321,754|302,066|1,568|2,758,797||2,785,333|



The financial statements were approved by the trustees on 27th February 2024 and were signed on their behalf 

Rev Catherine Hutton 27th February 2024 

Page 6 



**Epsom Methodist Church** 

## **Statement of Cash Flows for year ended 31st August 2023** 

|**Statement of Cash Flows foryear ended 31st August 2023**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|**Cash flows from operating activities**|||
|Net cash provided by operating activities|(112,831)|109,288|
||||
|**Cash flows from investing activities**|||
|Interest receivable|18,291|6,039|
|Purchase of investments||(100,166)|
|Proceeds from sale of investments||100,815|
|Investment in property, plant and equipment|-|(15,945)|
|Net cash used in investing activities|18,291|(9,257)|
||||
|Change in cash & cash equivalents in the reporting period|(94,540)|100,031|
||||
|Cash and cash equivalents at the beginning of the reporting period|607,986|507,955|
||||
|Cash and cash equivalents at the end of the reporting period|513,446|607,986|
||||
|**Classified on the Balance Sheet as:-**|||
|TMCP deposit|86,299|130,836|
|Central Finance Board Deposits|303,080|349,671|
|Cash at bank and in hand|124,067|127,479|
||513,446|607,986|
||||
|**Reconciliation of net income/(expenditure) to net cash flow from operating activities**|||
||||
|**Net income/(expenditure) from reporting activities (as per the Statement of Financial Activities)**|(27,036)|(26,880)|
||||
|**Adjustments for:-**|||
||||
|Depreciation|12,330|13,305|
|Interest receivable|(18,291)|(6,039)|
|Gains/(losses) on investments|12,205|18,841|
|Net (income)/expenditure on endowment fund|-|-|
|(Increase)/decrease in debtors|(32,399)|45,895|
|Increase/(decrease) in creditors|(59,640)|64,166|
||||
|_Net cashprovided by operating activities_|(112,831)|109,288|



Page 7 



**Epsom Methodist Church** 

## **Notes to the Accounts** 

## **1 Basis of accounting and accounting policies** 

## **i Basis of accounting** 

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), SORP(FRS102), as amended by Update Bulletin 1, and the Financial Reporting Standard applicable in the UK and Republic of Ireland, FRS 102. 

## **ii Public benefit entity** 

The Epsom Methodist Church meets the definition of a public benefit entity under FRS 102. It is an unincorporated charity with a main address of Epsom Methodist Church, Ashley Road, Epsom, K18 5AQ. **iii 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. 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. The financial statements are prepared in pounds sterling rounded to the nearest pound. 

## **iv Charities Act** 

The financial statements have been prepared under the Charities Act 2011 and the 2008 accounting and reporting regulations in order to be able to show a true and fair view, as required by the regulations. 

## **v Going concern** 

Based on the monetary assets and human resources available at 31 August 2023, the trustees believe that the Church is a going concern. 

## **vi Income recognition** 

Income is brought into account when there is entitlement,  the amount is reliably measurable and it is more likely than not that the economic benefit of the income will be forthcoming. 

In accordance with the Charities SORP (FRS 102), the time of volunteers is not recognised. Further information on this matter is provided in the Trustees' Annual Report. 

## **vii Expenditure** 

This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measurable and it is considered more likely than not that there will be an outflow of economic benefit. 

## **viii VAT** 

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

## **ix Tangible fixed assets** 

These are capitalised if they can be used for more than one year, and individually cost at least £1,000 and are written off over a specified number of years. 

The freehold and/or long leasehold property is shown in the accounts at deemed historical cost representing the property's gross carrying value at time of being built. No depreciation is provided because the trustees consider the residual value of the property in its present condition to be not less than its insurance cost and, in the absence of any evidence of impairment, any depreciation provision for the buildings component of the property would be immaterial. 

- **x Monetary Investments** 

The Church's investments are deposited with TMCP as custodian trustees. The valuations, at market value, are those provided by TMCP. 

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 of trust property. TMCP ensure that, through providing guidance and acting under their direction, the managing trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference. 

The funds that support the Church's other funds (as listed below) 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. 

## **xi Receivables and Payables; Bank and Cash** 

Debtors are stated at the amounts owed to the Church or prepaid by the church. Creditors are recognised at the amount expected to be settled. 

## **xii Methodist Connexional Funds** 

The church pays an assessment/share quarterly to the Sutton Methodist Circuit. The District (a group of contiguous circuits) quarterly remits to The Methodist Church Fund most of the sum received from the Circuits. A small sum is retained by the District to meet its own costs. 

Page 8 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **2 Collections and gift aid** 

|**Collections and gift aid**|||||
|---|---|---|---|---|
||**General**|**CCEMC**|**2023**|**2022**|
|Collection|116,417|118,405|234,822|197,293|
|Gift Aid|27,130|16,654|43,784|40,128|
|Total|143,547|135,059|278,606|237,421|



## **3 Donations** 

||**General**<br>**fund**|**CCEMC**|**Designated**<br>**funds**|**Restricted**<br>**funds**|**2023**|**2022**|
|---|---|---|---|---|---|---|
|Donations to the churchgeneral fund|16,768||||16,768|6,957|
|Donations towards the cost of thepremises|||||-|683|
|Donations for Children and Families Leader|||13,585||13,585|48,464|
|Donation for solarpanels|||2,731||2,731||
|Donations for Benevolence||||125|125|195|
|CCEMC donations||20,000|||20,000|14,345|
|Transfers|||||-|(3,260)|
|Total|16,768|20,000|16,316|125|53,209|67,384|



## **4 Legacies** 

A legacy of £1,000 was received during the year. 

## **5 Income from use of the premises** 

The income from the use of the premises by outside users was £64,490. The rental income from the caretaker's flat was £13,200 for the year. In addition to these, £23,142 was received from church organisations who make a contribution (not a charge) towards the use of the premises. 

|use of the premises.|||
|---|---|---|
||**2023**|**2022**|
|Church organisations|3,142|2,025|
|Received by transfer|20,000|26,720|
|External lettings|64,490|60,366|
|Rent from flat|13,200|11,100|
|Total|100,832|100,211|



||**2023**|**2022**|
|---|---|---|
|Lettings|100,832|100,211|
|Giving including gift aid|143,456|131,909|
|Donations|2,051|3,697|
|Total|246,339|235,817|



Church organisations which do not appear in this report contributed £3,142 for their use of the premises. Other church organisations which appear in this report contributed £20,000 (Nursery £8,000, CCEMC £12,000) by transfer. This totalled £23,142 which was contributed by church organisations. 

## **6 Roots - the Church Coffee Shop** 

|**Roots - the Church Coffee Shop**||
|---|---|
|Receipts from dailycard and cashpayments|48,621|
|Receipts from occasional bookings|802|
|Value of stock at 31st August 2023|978|
|Grant from church|4,480|
|**Total income**|**54,881**|



|Operatingcosts|21,306|
|---|---|
|Wages|33,575|
|**Total expenditure**|**54,881**|



Page 9 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **7 Nursery** 

|**Opening balance**||**55,779**|
|---|---|---|
|**Income**|||
|SurreyCountyCouncilgrants|66,905||
|Othergrants,deposits,fees,donations|30,101||
|Fundraising|1,346||
|Finance from church|11,175||
|Other income|451|109,978|
|Interest||553|
|**Total income**||**110,531**|
||||
|**Expenditure**|||
|Staff costs|88,243||
|Hall rent|8,000||
|Insurance|790||
|Other expenditure|7,311||
|**Total expenditure**||**104,344**|
|**Closing balance**||**61,966**|



Other income of £109,978 comprises £100,053 (see SOFA Nursery income) and £9,925 (see note 15) transferred from the Mission Pastor Fund for the part-time employment of a Families Worker. 

## **8 Interest** 

|**Interest**|||||||
|---|---|---|---|---|---|---|
||**General**|**CCEMC**|**Designated **|**Restricted**|**2023**|**2022**|
|Interest|5,451||||5,451|1,016|
|Dividends/Fixed interest received|4,361||||4,361|4,074|
|CCEMC CFB||7,926|||7,926|904|
|Nursery|||553||553|43|
|Restricted funds||||0|0|2|
|Total|9,812|7,926|553|0|18,291|6,039|



## **9 Trust fund management charges** 

|**Trust fund management charges**||||
|---|---|---|---|
|**Fund**|**Notes 7-10**|**2023**|**2022**|
|17544|395|395|144|
|19520|939|939|1,032|
|Total|1,334|1,334|1,176|



## **10 Property utilities and maintenance** 

|**Property utilities and maintenance**||||||
|---|---|---|---|---|---|
||**General **|**Designated**|**Restricted**|**2023**|**2022**|
|Cleaning|7,002|||7,002|4,736|
|Utilities|24,574|||24,574|17,923|
|Insurance|7,765|||7,765|6,959|
|Flat|747|||747|338|
|**Total utilities**|**40,088**|||**40,088**|**29,956**|
|Maintenance and Repairs|22,603|834|0|23,437|76,285|
|**Total**|**62,691**|**834**|**0**|**63,525**|**106,241**|



## **11 Administration** 

||**2023**|**2022**|
|---|---|---|
|Telephone|2,385|1,420|
|Administration|8,783|9,157|
|Accounts examination|1,920|1,650|
|Total|13,088|12,227|



Page 10 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **12 Salaries and associated costs** 

Salaries were paid to 11 staff and were as follows: 

||**General**|**CCEMC**|**Mission**<br>**Pastor**|**Nursery**|**Roots**|**2023**|**2022**|
|---|---|---|---|---|---|---|---|
|Salaries|69,378|27,928|53503|84,144|33,007|267,960|88,952|
|National Insurance Contributions|4,885|2,684|2858|2,092|289|12,808|3,628|
|Pension Fund Contributions|2,096|7,244|1623|2,006|0|12,969|1,449|
|Apprenticeshiplevy|347|129|147||164|787|1,991|
|Nursery payroll costs(2021/22)|0|||||0|77,385|
|CCEMC ministry|0|38,545||||38,545|57,000|
|Total|76,706|76,530|58,131|88,242|33,460|333,069|230,405|



The sum of the salary data for the Mission Pastor, Nursery and Roots is £179,833 as recorded in Salaries for Designated Funds 

## **13 Donations to charities** 

|**Donations to charities**|||||||
|---|---|---|---|---|---|---|
||**General**|**CCEMC **|**Designated **|**Restricted**|**2023**|**2022**|
|Methodist Church Mission in Britain Fund|500||||||
|Methodist Church TrainingFund|600||||||
|Methodist Church PropertyFund|1,350||||||
|Support for Presbyters and Deacons|300||||||
|Methodist Ministers' HousingFund|750||||3,500|3,500|
|Donations supportingCCEMC ministry||0|||0|23,609|
|Benevolence Fund||||1,450|1,450|2,050|
|Nursery|||||||
|Transfers||12,000|||12,000||
|Total|3,500|12,000|0|1,450|16,950|29,159|



## **14 Other expenditure** 

|**Other expenditure**|||||
|---|---|---|---|---|
||**CCEMC **|**Designated**|**2023**|**2022**|
|Excess of accruals frompreviousyear for sundrycosts|19,675||19,675|<br>10851|
|Total|19,675|-|19,675|10,851|



## **15 Transfers between funds** 

The following transfers were made between funds. 

||**Transfers from**|**Transfers from**|**Transfers from**|**Transfers from**|**Transfers from**|
|---|---|---|---|---|---|
|**Transfers To**|**General Fund**|**CCEMC**|**Roots**|**Nursery**|**CFL**|
|Use of premises|20,000|(12,000)||(8,000)||
|Printing|936|(789)|(8)|(139)||
|Underwrite deficit|(4,480)||4,480|||
|Salary of nursery manager||||9,925|(9,925)|
|Provision of food for events|(411)||411|||
|**Total**|16,045|(12,789)|4,883|1,786|(9,925)|



Page 11 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **BS1 Church Buildings** 

The Insurance value of the church at 31st August 2023 was £7,185,850 (31st August 2022 £6,923,536). 

## **Church buildings and other major property** 

|**Church (non investment) land**<br>**and buildings**<br>**£**|**Church (non**<br>**investment)**<br>**land and**<br>**buildings**<br>**£**|**Other non**<br>**investment**<br>**land and**<br>**buildings**<br>**£**|**Investment**<br>**properties**<br>**(land and**<br>**buildings)**<br>**£**|**Other fixed assets**<br>**including motor vehicles**<br>**£**|**Fixtures,**<br>**fittings and**<br>**equipment**<br>**£**|**Total**<br>**£**|
|---|---|---|---|---|---|---|
|**Balance brought forward**|1,905,444|||-|159,269|2,064,713|
|Additions|||||-|-|
|Revaluations (+/-)|||||||
|Disposals (-)|||||||
|Balance carried forward|1,905,444|-|-|-|159,269|2,064,713|
|**Accumulated depreciation**|||||||
|**Transfers (+/-) **|||||||
|Balance brought forward|1,905,444||||112,687|2,018,131|
|Depreciation charge for year|||||12,330|12,330|
|Revaluations (+/-)|||||||
|Disposals (-)|||||||
|Transfers (+/-)|||||||
|**Balance carried forward**|1,905,444|-|-|-|125,017|2,030,461|
|**Net book value**|||||||
|Brought forward|1,905,444|-|-|-|46,582|1,952,026|
|Balance carried forward|1,905,444|-|-|-|34,252|1,939,696|



The boiler and fire doors are written down annually by 10% and the rest by 20% on a straight line basis. 

## **BS2 Investments** 

## **Change in investment values National Savings Investment Bond** 

|**Investments**<br>**Change in investment values**<br>**National Savings Investment Bond**|||
|---|---|---|
||**2023**|**2022**|
|Carrying (market)value at beginningofyear|10,000|10,000|
|Add: additions to investments at cost|||
|Less: disposals at carryingvalue|||
|Net gain(loss) on revaluation|||
|Carrying (market)value at end ofyear|10,000|10,000|
|**Deposit and Investment Funds at TMCP**|||
||**2023**|**2022**|
|Carrying (market)value at beginningofyear|380,001|412,655|
|Add Interest on investments|4,091|958|
|Add Dividends/fixed interest received|4,361|4,074|
|Less: administration charge|(1,334)|(1,176)|
|Less net withdrawal of funds|(51,655)|(17,670)|
|Add: additions to investments at cost|-|100,166|
|Less: disposals at carryingvalue|-|(99,302)|
|Netgain/(loss)on revaluation|(12,205)|(19,704)|
|Carrying (market)value at end ofyear|323,259|380,001|
|**Balances in TMCP funds by deposit and investment**|||
||**2023**|**2022**|
|Balance in Deposit fund|117,554|122,768|
|Balance in Investment fund|86,299|130,836|
|Balance in CFB Short Fixed Interest Fund|31,220|32,676|
|Balance in Gilt funds|88,186|93,721|
|Total|323,259|380,001|



Page 12 



**Epsom Methodist Church** 

## **Notes to the Accounts** 

## **BS3 Debtors and Prepayments** 

|**Debtors and Prepayments**|||
|---|---|---|
||**2023**|**2022**|
|Prepaid assessments|38,750|21,250|
|Gift Aid due on General and other funds|9,972|10,199|
|Roots stock atyear end|978|1,006|
|External use ofpremises|-|1,008|
|Unpaid tax and NIC|485|523|
|Other debtors|16,200|-|
|**Total debtors andprepayments**|66,385|33,986|



## **BS4 Analysis of cash at bank** 

|**Analysis of cash at bank**|||
|---|---|---|
||**2023**|**2022**|
|**Working Funds**|||
|Bank balance held in HSBC(General fund)|2,202|6,520|
|Bank balance held in CAF Bank(General fund)|7,490|3,917|
|Bank balance held in HSBC(CCEMC)|52,409|61,263|
|Bank balance held in CAF Bank(Nursery)|61,966|55,779|
|**Total of bank balances**|**124,067**|**127,479**|
|**CFB fund balances**|||
|CFB fund(English Congregation)|49,485|124,488|
|CFB fund(CCEMC)|253,595|225,183|
|**Total of CFB fund balances**|**303,080**|**349,671**|
|**Deposit Funds**|||
|Trust fund 17544|-|50,581|
|Trust fund 19520|323,259|329,420|
|Trust fund 20912|-|-|
|**Total of deposit fund balances**|**323,259**|**380,001**|
|**Total cash, bank and trusts**|**750,406**|**857,151**|



The total for comparison with the balance sheet is the sum of the TMCP trusts, the CFB deposits and the bank balances. When they occur, the TMCP endowment funds are added in too (2022 comparison) 

## **BS5 Analysis of current liabilities and long term creditors** 

|**Analysis of current liabilities and long term creditors**|||
|---|---|---|
||**2023**|**2022**|
|Administration|||
|Account examination|1,920|1,680|
|Incorrect donation returned to donor's bank||12,500|
|External use ofpremises||782|
|Provision for utilities||3,284|
|Stonework carried out duringAugust 2022||48,906|
|Provision for CCEMC||100|
|Gift Aid on donation||78|
|Provision for tax/NICpayments and invoices|5,770||
|**Total**|7,690|67,330|



Page 13 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **BS6 Unrestricted Funds** 

## **BS6.1 General Fund** 

|**General Fund**|||||||
|---|---|---|---|---|---|---|
|**Fund Name**|**2022**|**Income**|**Expenditure**|**Transfer**|**Investment**<br>**Gains**|**2023**|
|General Fund|2,138,008|250,959|259,398|16,045|(12,205)|2,133,409|
||||||||
|**Fund Name**|**2021**|**Income**|**Expenditure**|**Transfer**|**Investment**<br>**Gains**|**2022**|
|General Fund|2,117,434|216,870|196,563|19,108|(18,841)|2,138,008|



## **BS6.2 Designated Funds** 

|**Fund Name**|**2022**|**Income**|**Expenditure**|**Transfer**|**Value of stock**|**2023**|
|---|---|---|---|---|---|---|
|Roots|0|48621|53482|4,883|-|22|
|Children & Families Leader|40262|13585|57967|(9,925)|-|(14,045)|
|Gifts & Memorials|219485|3731|834||-|<br>222,382|
|Nursery|55777|100606|96207|1,786||61,962|
|Equipment|43062|0|11317||-|31,745|
|Totals|358,586|166,543|219,807|(3,256)|-|302,066|



Although the Children & Families Leader fund was in deficit at the year end, the grant of £25,000 was received from the Sutton Circuit early in the 2023/24 year. 

|**Fund Name**|**2021**|**Income**|**Expenditure**|**Transfer**|**Value of stock**|**2022**|
|---|---|---|---|---|---|---|
|Roots|-|35,431|44,083|<br>8,652|-|-|
|Children & Families Leader|4,854|48,464|3,470|<br>(9,586)|-|40,262|
|Gifts & Memorials|311,411|10,925|86,906|<br>(15,945)|-|219,485|
|Nursery|64,074|81,859|83,722|<br>(6,434)||55,777|
|Equipment|39,409||12,292|<br>15,945|-|43,062|
|Totals|419,748|176,679|230,473|(7,368)|-|358,586|



## **BS7.1 CCEMC Fund** 

|**CCEMC Fund**||||||
|---|---|---|---|---|---|
|**Fund Name**|**2022**|**Income**|**Expenditure**|**Transfer**|**2023**|
|CCEMC|286,346|162,985|114,788|(12,789)|321,754|
|||||||
|**Fund Name**|**2021**|**Income**|**Expenditure**|**Transfer**|**2022**|
|CCEMC|270,785|118,761|91,460|(11,740)|286,346|



The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general objectives of CCEMC. Its main source of income is the giving of the CCEMC both weekly and by special collections. A transfer of £12,000 was made to the General Fund for the use of the premises. 

## **BS7.2 Other Restricted funds** 

|**Fund Name**|**2022**|**Income**|**Expenditure**|**Transfer**|**2023**|
|---|---|---|---|---|---|
|Benevolence fund|1,725|125|1,450||400|
|Small groups|1,168|0|0||1,168|
|Totals|2,893|125|1,450|0|1,568|
|||||||
|**Fund Name**|**2021**|**Income**|**Expenditure**|**Transfer**|**2022**|
|Benevolence fund|3,580|195|2,050||1,725|
|Small groups|1,166|2|0||1,168|
|Totals|4,746|197|2,050|0|2,893|



The Benevolence Fund is required by Methodist Standing Order 651 and is for the relief of poverty and distress. 

The Church holds funds for small groups within the church's life where interest is earned for the funds from being invested in the Central Finance Board Deposit Fund. 

All references to transfers are explained in section BS6.1 and BS6.2. 

Page 14 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **BS8 Funds of Other Organisations in the Church** 

|**Internal Organisations**|**Opening**<br>**balance**|**Income**|**Expenditure**|**Closing**<br>**balance**|
|---|---|---|---|---|
|Cricket Club|1,461|0|0|1,461|
|Families on Friday|456|0|0|456|
|Little Monkeys|993|178|60|1,111|
|Welcome Club|470|215|60|625|
|Table Talk|268|0|50|218|
|Totals|3,648|393|170|3,871|



## **ON1 Capital commitments and contingent liabilities** 

At 31st August 2023 the Church had no capital commitments. 

There is a potential liability of about £30,000 on the Nursery for back-dated national insurance contributions and apprenticeship levy. The church has advised HMRC and is awaiting their response. 

## **ON2 Loans and creditors due after one year** 

No loans and creditors due after one year were identified at 31st August 2023. 

## **ON3 Related party transactions** 

( **ON** - Other Note) 

Page 15 



## **Epsom Methodist Church** 

## **Notes to the Accounts** 

## **ON3 Related party transactions** 

|**Name of related party**|**Relationship**|**Payments to related**<br>**parties during the**<br>**year 2022/23**|**Payments to related**<br>**parties during the year**<br>**2021/22**|
|---|---|---|---|
|||**£**|**£**|
|Action for Children|Connexion|304|<br>115|
|Ministerial Housing Society|Connexion|750|<br>750|
|Ministerial Training|Connexion|600|<br>600|
|Fund for Support of Presbyters & Deacons|Connexion|300|<br>300|
|Fund for Property|Connexion|1,350|<br>1,350|
|Mission Alongside the Poor|Connexion|500|<br>500|
|Epsom & Ewell Foodbank*|Charity|432|<br>170|
|Christian Aid|Charity|162|<br>165|
|British Heart Foundation|Charity|0|<br>14|
|Hope into Action|Charity|20|<br>0|
|**Total**||**4,418**|**3,964**|



All transactions were donations. 

During the year there was no: Income from related parties Loans to or from related parties Amounts owed by or to related parties on 31st August 2023 

## Trustees' Remuneration 

Joshua Selfe (Mission Pastor) was paid £29,500 salary, £1,770 pension and £24,000 rent. Sarah Meech (Property Manager) was paid £24,710 and £1,483 pension. 

Page 16 



**Epsom Methodist Church** 

## **Notes to the Accounts** 

## **CCEMC Report** 

## **Income** 

1) This year has seen people from Hongkong join our congregation which has resulted in the Sunday offering rising to £101,275 (2022: £89,746). 

2) The Thanksgiving has increased slightly to £8,105 (2022: £7,695). 

3) The Mission fund collection has increased by more than 1/3 to £9,035 (2022: £6,650). 

4) There was a special collection of £970 for the Turkey Earthequake. 

5) Income  from the Central Finance Board Account of £7, 926 shows a sharp increase,  due to the increase in interest rates (2022: £904). 

6) The Gift Aid tax refund has gone up in line with the Sunday offering increase - £16,645 (2022: £13,766). A further £408 (2022 £981) was received from Epsom Methodist Church from  their gift aid not claimed under the Gift Aid Small Donations Scheme. 

Total income was up from £93,004 (27.7%) to £118,762. 

## **Expenditure** 

1) £12,000 or 10% (2022: £11,000 or 11.38%) was contributed to Epsom Methodist Church. 

2) £58,280 or 48.67% was the minister's cost (2022: £57,000 or 58.97%) which was slightly up compared to last year but a smaller proportion. 

3) £18,250 or 15.24% (2022: £18,087 or 17.45%) was for Jerry Lee's theological study. 

4) £9,035 was collected for the mission fund in year 2022/23, plus £1,500 brought forwarded from previous years. 

5) HSBC bank charges were £287 (2022:  £193). 

## **Summary** 

Our income comes mainly from Sunday offerings, tax refunds and Thanksgiving. There were also collections for missionary funds and other special offerings. 

The expenditure has been mainly on the following: 

- Cost of ministry. 

- Sponsorship of theological study. 

- Contribution to EMC for our share for using the church facilities. 

- Evangelical missionary outreach as well as worship, pastoral care and Christian education. 

Page 17 



Appendix A 

## **Epsom Methodist Church** 

## **The following are the current members of the Church Council (Managing Trustees):** 

## **Ministers** 

Rev Catherine Hutton, Rev Ung Soon Nguang 

**Lay Pastor** 

Mr Josh Selfe 

## **Secretary** 

Mrs Heather Parker-Bruneau (not a trustee) 

## **Treasurer** 

Richard Smith 

## **Stewards Team** 

Mark Angel, Katharine Castledine, Christine Cox, Robert Hill, Paul Warren (not trustee) Angela Kwan, Jerry Lee, Jane Liang, Ming Yip 

## **Property Steward** 

Sarah Meech 

**Pastoral Secretary** 

Pam Brogan 

## **Chairman of Resources Committee** 

Catherine Hutton 

**CCEMC** Kammy Chong 

**Nursery** John Riley 

**Circuit Steward Representative** Vacant 

## **Elected Representatives** 

Ann Arthur, Jane Barden,  Tony Blakeburn, Neil Dallen, Gillian Mead, Andrew Meech 

## **Appointment and resignation of trustees** 

Mr Mark Angel Mr Simon Jump (resigned 27/06/2023) Mrs Ann Arthur Mrs Angela Kwan (appointed 1/11/2022) Mrs Jane Barden Mrs Gillian Mead Mr Tony Blakeburn Mr Jerry Lee (appointed 7/11/2023) Mrs Pam Brogan Mrs Jane Liang (appointed 1/11/2022) Mrs Katharine Castledine Mr Lyndon Man (appointed 1/11/2022 resigned 7/11/2023) Mrs Quarisa Chan (resigned 7/11/2023) Mr Andrew Meech Mr Richard Chandra-Rajan (resigned 1/11/2022) Mrs Sarah Meech Mrs Kammy Chong (appointed 1/11/2022) Rev Ung Soon Nguang Mrs Christine Cox (appointed 27/06/2023) Mrs Jacqui Raggett (resigned 1/11/2022) Mr Neil Dallen (appointed 27/6/2023) Mr John Riley Mr Jason Eng (appointed 1/11/2022 resigned 7/11/2023) Mr Joshua Selfe (appointed 1/11/2022) Mrs Liz Frost (resigned 27/06/2023) Mrs Meryl Smith (resigned 1/11/2022) Mr Chee Hong Fui (resigned 7/11/2023) Mr Richard Smith Mrs Lisa Halstead (resigned 1/11/2022) Miss Carol Stringer (resigned 1/11/2022) Mr Robert Hill Mrs Kathryn Thompson  (resigned 27/06/2023) Rev Catherine Hutton Mr Peter Thompson (resigned 27/06/2023 Mrs Val Imms (resigned 27/06/2023) Mrs Helen Yingzi Wu (appointed 1/11/2022 resigned 7/11/2023) Mr Andrew Jennings (resigned 1/11/2022) Mrs Ming Yip (appointed 27/06/2023) 

Page 18 



## **Epsom Methodist Church** 

## **DECLARATIONS** 

## **Treasurer** 

I confirm that I have prepared the accounts from the records of the Church and that they include all funds under the control of the Church Council. 

Signature of Treasurer Date 27th February 2024 Name Richard T Smith Address 13 Hazon Way, Epsom, Surrey, KT19 8HD **Presentation to the Church Council Meeting for approval.** I confirm that the Accounts were presented to the Church Council Meeting on 27th February 2024 Signature of the Chair of the meeting Name of the Chair of the meeting **Rev Catherine Hutton** Date 27th February 2024 

Page 19 



## **Epsom Methodist Church** 

## **Independent Examiner’s Report to the Trustees of Epsom Methodist Church** 

I report to the charity trustees on my examination of the accounts of the Epsom Methodist Church (the Church) for the year ended 31 August 2023. 

## **Responsibilities and basis of report** 

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Church’s accounts as carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent Examiner’s Statement** 

The church’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. 

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 of the Church as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) 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; or 

4. the accounts have not been prepared in accordance with the methods and principles 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 the Republic of Ireland (FRS 102) 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Name Paul Newton FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW 

Signature 

Date 

Page 20