## **Guisborough Methodist Church** 

## **Trustee Report** 

## **Financial Year 23-24** 

Guisborough Methodist Church continues to thrive under the leadership of the Rev Kevin Highfield. 

We have on average 60 people attending services on a Sunday morning with a membership of 100 and 73 adherents. There is a service held fortnightly at Hinton Ct which is a Methodist Homes establishment located in Guisborough. Every second and fourth Sunday at GMC is a café style service. 

The church is open every day with the following activities: Good Neighbours, Women’s Fellowship, Girl Guides, Youth Club, Music group, and Saturday Coffee Morning. 

A local charity the Bridge Association use GMC premises for a community shop where they distribute food to people who require help and support, interestingly this is mostly single people. The Bridge also run a weekly Soup and a Roll session as a fund-raising event. 

Other community groups using the GMC premises are the Guisborough photo group, U3a singing for pleasure, Guisborough Choral society and we have regular private children’s parities. 

The church family at GMC is a vibrant group of people attempting to live out their faith and love of God through their worship activities, that include weekly house groups as well as Sunday fellowship and a weekly prayer meeting. 

The GMC family expression of faith is evidenced in the way they try to be inclusive and outward looking meeting the need of local people where they are just as we witnessed in the life and work of Jesus. 

GMC has an online presence where more information about our church can be found at www.guisboroughmethodist.online 

Jason Griffiths 

Treasurer GMC 

04/11/2024 



## **Cleveland and Danby Circuit** 

## **13 / 07** 

## **Name of Church** 

## **Guisborough Methodist Church** 

## **Statement of Financial Activities (SOFA) for the year ended 31 Au August 2024** 

|||**Notes to the**<br>**accounts**<br>**(page 5 and**<br>**6)**|**General Fund**<br>**(Unrestricted)**|**Restricted Funds**<br>**(inc Internal**<br>**Organisations &**<br>**Charities) Note 1**|**Endowment**<br>**Funds @**<br>**TMCP**|**Total**<br>**2023-24**|**Total**<br>**2022-23**|
|---|---|---|---|---|---|---|---|
||||**£**|**£**|**£**|**£**|**£**|
||**Receipts and Endowments from:**|||||||
|1|Donations and Legacies|1|1,033.86|||1,033.86|1,081.35|
|2|Offerings and Tax Recovered|2|67,028.14|-||67,028.14|69,516.96|
|3|Bank & CFB interest and Investments||136.06|||136.06|53.24|
|4|Lettings|3|19,808.64|||19,808.64|15,424.64|
|5|Funerals & Weddings||1,721.00|-||1,721.00|690.00|
|6|Fund Raising|4|5,235.61|||5,235.61|3,003.13|
|7|Other Receipts|5|39.99|2,419.79||2,459.78|3,855.73|
|**8**|**Total**|**1-7**|**95,003.30**|**2,419.79**|**-**|**97,423.09**|**93,625.05**|



||**Payments on:**|||||||
|---|---|---|---|---|---|---|---|
|9|Circuit Assessment||57,816.00|||57,816.00|54,324.00|
|10|Grants and Donations||-|||-||
|11|Repairs and Maintenance|6|20,523.76|||20,523.76|18,714.32|
|12|Insurance and Utility Costs|7|16,842.75|||16,842.75|14,921.37|
|13|Worship Expenses|8|953.61|||953.61|825.27|
|14|Funds passed to other Charities|9||485.67||485.67|1,695.11|
|15|Other Outgoings|10|2,607.24|5,066.30||7,673.54|4,059.95|
|**16**|**Total**|**9-15**|**98,743.36**|**5,551.97**||**104,295.33**|**94,540.02**|
|||||||||
|17|**Net income/(expenditure)**|(8-16)|**(3,740.06)**|**(3,132.18)**|**-**|**(6,872.24)**|**(914.97)**|
|18|**Transfers between funds**|||||-||
|**19**|**Net movement in funds**|**17+18**|**(3,740.06)**|**(3,132.18)**|**-**|**(6,872.24)**|**(914.97)**|
||**Reconciliation of funds:**|||||||
|20|Total funds brought forward||48,335.12|17,689.71|13.78|66,038.61|66,953.58|
|**21**|**Total funds carried forward**|**19+20**|**44,595.06**|**14,557.53**|**13.78**|**59,166.37**|**66,038.61**|
|||||||||



Page 2 of 9 



RESERVES POLICY of
Guisborou
h Methodist Church
(*Church Council O Cir¢ui¢ Meetin%E]iDistrictll)
General Funds held at YIE 3110812024
£ 44595.06
Restricted Funds held at YE 3110812024
£ 14075.38
Endovmient Funds held at YIE 31108r2024
13.78
Reserves policy for General Funds
Through stewardship of God's resources, we will aim to ensure that there are adequate
reserves to meet anticipated needs of the Fellowship, but also trusting tn God's
provision where necessary.
In line with the Circuit reserves policy, we will ensure that there are nornially at least
unrestricted reseryes available equivalent to 15°A of projected annual expenditure, this
is approximately equivalent to 1.8 months17.8 weeks of normal expenditure
5. Pollc
for Restricted Funds
Ensure that reserves raised for specific external charlties etc. are paidltransferred at the
earliest opportunity, generally ￿1n ono month.
Terms relating to Endowment Funds held
This Reserves Policy has been approved by
Guisborough Methodist Church Council 30111Y2024
{•Church Councjl /,'Circuit meelin￿,DI5m(QI
Treasurer
Trusteelchair of the Meeting
Full name
Mr Jason M Griffiths
Full Name
Rev Kevin Highfield
Signature
Signature