2022-08-31-accounts

Trinity Methodist Church – Reserves Policy 2022/23

General Funds. The location of these funds is unchanged from previous years, comprising a current account with Lloyds Bank, deposit account with the Central Finance Board of The Methodist Church and cash in hand.

The Methodist Connexion recommends that reserves should equate to approximately six month’s normal expenditure. In 2022/23 that amount would be about £55,000. At the start of the current church year Trinity’s reserves stood at £70,865 which included more than £12,000 to spare in the special Roof Fund that was over-subscribed due to generous donations from church members, grants and fundraising. However, an urgent need for double glazing in the church flat plus additional roof repairs will result in that £12,000 being used up. All essential roof repairs highlighted in the quinquennial inspection have been undertaken and paid for.

Fortunately, income from room hire has returned to its usual level following the end of the Pandemic restrictions and our aim is to maintain it in order to achieve the reserves target.

Restricted Funds. At 31.8.2022 these amounted to £1,439 in the Benevolence Fund.

Trinity Methodist ljurch MMARY OF NT RN G>NbSATICIS R TLNGT NCJL SE¢flON E Ple358 foll¢sW the GuMlanc¥ Notesto com ete thts Sumrnaryol Ihe chU￿h 3¢C(dJni$ kn the lear￿dett 31 Augusl 2022 Inlemal o￿an￿5 ￿fting to thechurch Cw¢illChvrth Meeting. Notethat Iho fuTrds an Inicm4 1>9anisaion ￿ld nortn¥tybe Restnciel unSS rt ￿1￿ be that theYcOu￿ be used ty•y putt￿￿￿ GomrAeied to aiiieai thegfO>S wtix)ie Ifgro&% th￿A￿d￿1hrestsrld. theA￿U mdhDd Dlxry>Jnliry AND A DIFFERENTFORM rnustbe to hWJKwJiSiTrAOSiiek PknereA¥totrwKtatt nOte5regwbuJg ty&isfws be￿￿een ihe D￿trit onnecio¢ Oislricl INTERNNL oRG￿lSATIoNs el R￿P Ad 15 Opening Closin b￿anCeS Toddlers Luncheon Club Mission in Britain 950 1,251 23 990 140) (35) 511 471 1.286 23 853 818 ¢7 su￿ IO1 o niS81ions I￿￿$ 2.224 2,299 175} 1.364 1.289 e12 Church accounts llotsls broughtforward page 2-totsls column) 185.047 182.727 2.320 69.984 72,304 DY CHiIRC 187,271 185,026 2,245 71.348 73,593 C¢Miinue on a separate sh necessary Lhe ials ￿rIra[￿ TOTX RECE]FTS TOTAL PAYIIEwrs SECTION F STATEPAENT OF A8SETS AND L￿￿EL[lES CLOSING B￿ANcEs CHURCH- CASH FUNDS HEU) a131 2022 BALAI4CES Cash 150 150 8wk fAJTtenIA￿wJnl 7.520 4.573 Do t ArLounl ¢ernlr￿ in¥nce Bgar 62,314 67,581 rrustees fv ￿elh￿￿1 Church Pu OthEr ￿n￿5 SUB TOTPL-cMr¢h accounts Tot fvnd£ bylntemal Ilhed￿ng b¥&ce tota abowel le1ZI 69.984 72,304 1,364 1,289 TOTAL CASH FUNDS HELD CHURCH 71.348 73.593 section G OTHER A55ETS and LIABILITIES I September 2021 31 August 2022 Investmenig lindude EndtfYnerLts} Land & 8LbbJirys Iwnotgs re Instrknt vaue) 2.618.950 2,904.382 0lhtyASS¢ts Lo2n(s1-shrthai)ouni er Liaiiies f4 knduOeonlyFunds ai the Finan￿ Bw5 Indude ontyFuads W * Trusleesfry P4eth(%J&Churth 91 kndudganyotherithSYstyD8nts lrnilhE ea5h piduded 01 fne CIwLrh¥4rytp. 3tt5

Trinty Methodist Name of Church...................................... .......................................-..... No............. Independent Examinerfs Statement I have completed my examination. I ￿nfirM that no material matters have ￿ne to my attention in connection wilh the examination (other than that disdosed bek)￿) which give me cause to believe that in. any mater¢al respecL the acLounting records were not kepl in accx)rdance wilh section 130 of the Art the acLounls do not accord with the a(xx￿nting re(J)rds. I have no concems and have come across rio olher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. I havelhave not" obtained independent verifK2tion of all investments ￿1th the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are indiwdually in excess of £10.￿0 (ten thousaThJ Fxjunds) at the balance sheet date. Signature of independent examin8r Name of independent examiner Mr Keifh Sunderlano Relevant professional qualffication of independent examiner Name of firm (where appropriate) 5 Chapel Court KdoérthiliStèY" """" "" """"" "'"-'-""""""""""" Address .... DY10 2UQ Date delete or circle as appropriate September 2022