## **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. 



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950
1,251
23
990
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(35)
511
471
1.286
23
853
818
¢7
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2.224
2,299
175}
1.364
1.289
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Church accounts llotsls
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185.047
182.727
2.320
69.984
72,304
DY CHiIRC
187,271
185,026
2,245
71.348
73,593
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TOTX RECE]FTS
TOTAL
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SECTION F
STATEPAENT OF A8SETS AND L￿￿EL[lES
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CHURCH- CASH FUNDS HEU) a131
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BALAI4CES
Cash
150
150
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4.573
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67,581
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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
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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