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2023-08-31-accounts
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME FROM |
|
|
|
|
|
| Donations and legacies |
3 |
65,706 |
|
65,706 |
54,799 |
| Charitable Activities |
3 |
22,810 |
|
22,810 |
17,164 |
| Other |
3 |
9,642 |
12,302 |
21,944 |
18,590 |
| Investment income |
3 |
212 |
2,284 |
2,496 |
408 |
| Total |
|
98,370 |
14,586 |
112,956 |
90,961 |
| EXPENDITURE ON |
|
|
|
|
|
| CharitableActivities |
|
|
|
|
|
| Support costs |
4 |
33,310 |
9,555 |
42,865 |
44,958 |
| Contribution to Methodist Funds |
4 |
56,800 |
|
56,800 |
53,060 |
| Grants and donations |
10 |
421 |
|
421 |
300 |
|
|
90,531 |
9,555 |
100,086 |
98,318 |
| NET INCOME (DEFICIT) |
|
7,839 |
5,031 |
12,870 |
(7,357) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
5 |
41,606 |
86,276 |
127,882 |
135,239 |
| Total funds carried forward |
5 |
49,445 |
91,307 |
140,752 |
127,882 |
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
Notes |
£ |
£ |
£ |
£ |
| CURRENT ASSETS |
|
|
|
|
|
| Debtors |
6 |
3,450 |
- |
3,450 |
3,422 |
| Investments |
7 |
- |
63,485 |
63,485 |
61,681 |
| Cash at bank and in hand |
|
47,129 |
27,822 |
74,951 |
63,109 |
|
|
50,579 |
91,307 |
141,886 |
128,212 |
| CURRENT LIABILITIES |
|
|
|
|
|
Creditors
- amounts falling due |
|
|
|
|
|
| within one year |
8 |
(1,134) |
- |
(1,134) |
(330) |
| TOTAL NET ASSETS |
|
49,445 |
91,307 |
140,752 |
127,882 |
| FUNDS |
|
|
|
|
|
| Repairs and maintenance |
|
|
74,241 |
74,241 |
72,133 |
| Benevolentfund |
|
|
500 |
500 |
500 |
| Internal Organisations |
|
|
16,566 |
16,566 |
13,643 |
| Total Restricted funds |
|
|
91,307 |
91,307 |
86,276 |
| Unrestricted funds |
|
49,445 |
|
49,445 |
41,606 |
| TOTAL FUNDS |
5 |
49,445 |
91,307 |
140,752 |
127,882 |
| INCOME |
|
|
2023 |
2022 |
|
|
|
£ |
£ |
| Donations and legacies: |
|
|
|
|
| Offerings and tax recoverable |
|
|
54,430 |
54,799 |
| Bequests |
|
|
11,276 |
|
|
|
|
65,706 |
54,799 |
| Charitable activities: |
|
|
|
|
| Church lettings |
|
|
22,810 |
17,164 |
| Investment income: |
|
|
|
|
| Trustees for Methodist |
Church Purposes |
|
1,980 |
297 |
| Central Finance Board |
|
|
304 |
75 |
| Restricted funds |
|
|
2,284 |
372 |
| Barclays Bank |
|
|
212 |
36 |
|
|
|
2,496 |
408 |
| Other income: |
|
|
|
|
| Circuit grant |
|
|
4,300 |
- |
| Sundry income |
|
|
2,442 |
1,888 |
| Internal organisations |
|
|
2,900 |
3,160 |
| Unrestricted |
|
|
9,642 |
5,048 |
| Internal Organisations |
- |
Restricted |
12,302 |
13,541 |
|
|
|
21,944 |
18,589 |
| EXPENDITURE (Note 11) |
|
|
|
|
| Charitable activities: |
|
|
|
|
| Circuit assessment |
|
|
56,800 |
53,060 |
| Repairs and maintenance |
|
|
15,303 |
14,376 |
| Utilities |
|
|
11,488 |
9,596 |
| Other church expenses |
|
|
6,519 |
6,204 |
| Grants- Stewardship |
|
|
421 |
300 |
| Unrestricted |
|
|
90,531 |
83,536 |
| Restricted |
|
|
|
|
| Internal Organisations |
|
- Restricted |
9,379 |
14,782 |
| Other church expenses |
|
|
176 |
- |
|
|
|
100,086 |
98,318 |
| RESERVES |
|
|
|
|
|
|
Balances at |
|
|
|
Balances at |
|
01-Sep-22 |
Income |
Expenditure |
Transfers |
31-Aug-23 |
|
£ |
£ |
£ |
£ |
£ |
| Church funds |
|
|
|
|
|
| Unre5tricted: |
|
|
|
|
|
| General fund |
41,606 |
95,470 |
(90,531) |
2,900 |
49,445 |
| Restricted |
|
|
|
|
|
| Repairs fund |
72,133 |
2,284 |
(176) |
- |
74,241 |
| Benevolence fund |
500 |
- |
- |
- |
500 |
|
114,239 |
97,754 |
(90,707) |
2,900 |
124,186 |
| Internal organisations |
|
|
|
|
|
| Restricted: |
|
|
|
|
|
| Outreach committee |
3,139 |
2,344 |
- |
843 |
6,326 |
| Boys’ Brigade |
1,826 |
2,136 |
(1,686) |
(100) |
2,176 |
| Girls’ Brigade |
3,754 |
2,111 |
(2,121) |
(443) |
3,301 |
| Church departments |
4,924 |
5,711 |
(2,672) |
(3,200) |
4,763 |
|
13,643 |
12,302 |
(6,479) |
(2,900) |
16,566 |
| Total reserves |
127,882 |
110,056 |
(97,186) |
- |
140,752 |
|
Balances at |
|
|
|
Balances at |
|
01-Sep-21 |
Income |
Expenditure |
Transfers |
31-Aug-22 |
|
£ |
£ |
£ |
£ |
£ |
| Church funds |
|
|
|
|
|
| Unrestricted: |
|
|
|
|
|
| General fund |
48,095 |
73,887 |
(83,536) |
3,160 |
41,606 |
| Restricted: |
|
|
|
|
|
| Repairs fund |
71,761 |
372 |
|
|
72,133 |
| Benevolence fund |
500 |
|
|
|
500 |
|
120,356 |
74,259 |
(83,536) |
3,160 |
114,239 |
| Internal organisations |
|
|
|
|
|
| Restricted: |
|
|
|
|
|
| Outreach committee |
4,072 |
2,017 |
(3,500) |
550 |
3,139 |
| Boys’ Brigade |
1,527 |
3,464 |
(2,915) |
(250) |
1,826 |
| Girls’ Brigade |
4,089 |
2,481 |
(2,816) |
- |
3,754 |
| Church departments |
5,195 |
5,580 |
(2,391) |
(3,460) |
4,924 |
|
14,883 |
13,542 |
(11,622) |
(3,160) |
13,643 |
| Total reserves |
135,239 |
87,801 |
(95,158) |
- |
127,882 |
|
2023 |
2022 |
|
£ |
£ |
| DEBTORS |
|
|
| Prepayments |
1,230 |
1,091 |
| Gift aid recoverable |
- |
931 |
| Lettings and donations |
2,220 |
1,400 |
|
3,450 |
3,422 |
| INVESTMENTS |
|
|
| The Trustees for Methodist Church Purposes |
|
|
| At 1 September 2022 |
61,681 |
61,559 |
| Interest received |
1,980 |
297 |
| Fund charges |
(176) |
(175) |
| At 31 August 2023 |
63,485 |
61,681 |
| The above represents various bequests held in a Model Trust Fund. |
|
|
| CREDITORS - amountsfalling due within one year |
|
|
| Trade creditors |
1,094 |
330 |
| Receipts in advance |
40 |
- |
|
1,134 |
330 |
| 9 |
CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES |
|
|
|
There were no capital commitments or contingent liabilities (2022: £Nil). |
|
|
| 10 |
RELATED PARTY TRANSACTIONS |
|
|
|
Donaions made to other Methodist Church organisations: |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Fund forSupport of Presbyters & Deacons |
300 |
300 |
|
Action for Children |
121 |
|
|
Included in Stewardship payments |
421 |
300 |
|
No amounts were due to or from either ofthe above at either balance sheet |
date. |
|
|
2023 |
|
2022 |
|
|
£ |
£ |
£ |
£ |
| Circuit assessment |
|
56,800 |
|
53,060 |
| Support costs: |
|
|
|
|
| General: |
|
|
|
|
| Office |
765 |
|
851 |
|
| Bank charges |
516 |
|
496 |
|
| Cleaning |
525 |
|
482 |
|
| Telephone & Internet |
1,032 |
|
590 |
|
| Copier rental & usage charge |
469 |
|
548 |
|
| Copier paper |
161 |
|
184 |
|
| Music |
1,175 |
|
1,039 |
|
| Piano & organ repair |
150 |
|
235 |
|
| Funeral stewards & organists |
1,091 |
|
1,450 |
|
| Gardening |
35 |
|
|
|
|
|
5,919 |
|
5,884 |
| Utilities: |
|
|
|
|
| Electricity |
2,831 |
|
2,155 |
|
| Gas |
5,107 |
|
4,233 |
|
| Insurance |
3,550 |
|
3,208 |
|
|
|
11,488 |
|
9,596 |
| Quinton Youth for Christ |
|
600 |
|
620 |
| TMCP fees |
|
176 |
|
175 |
| Repairs & renewals |
|
15,303 |
|
13,901 |
| Stewardship |
|
421 |
|
300 |
| Total Church |
|
90,707 |
|
83,536 |
| Departments |
|
9,379 |
|
14,782 |
| Total |
|
100,086 |
|
98,318 |