SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS For the Year Ended 31 August 2021
SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS For the Year Ended 31 August 2021
| Contents | Page |
|---|---|
| Independent Examiner's Report | 1 |
| Treasurer'sApproval Certificate | 2 |
| Balance Sheet | 3 |
| Incomeand Expenditure Account | |
| Income | ~ |
| Expenditure | 5 |
SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS
For the Year Ended 31 August 2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SALISBURY METHODIST CHURCH
This Report is on the Church Accounts for the year ended 31 August 2021
Respective responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation ofthe accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an indeoendent examination is needed.
Itis my responsibility to: ‘ Examine the accounts under Section 145 of the Charities Act ‘ to follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act), and : to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts presenta ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Page 1
SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS
For the Year Ended 31 August 2021
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act:
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met: or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
| HARDY Bower Haven Mount Pleasant : Stoford Salisbury SP2 OPP
Date; “A%&.\A. “RRS
TREASURER'S APPROVAL CERTIFICATE
| approve the financial statements for the year ended 31 August 2021 and confirm that | have made available all relevant records and information for their preparation.
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H J Thorne MAAT U7 Date: 29-1! 202\
61 LindfordRoad = ©
Hampton Park
Salisbury
SP1 3WX ;
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Page2
SALISBURY METHODIST CHURCH
BALANCE SHEET as at 31 August 2021
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| EndowedAssets | ||||||||
| Salisbury MethodistChurch | ||||||||
| Premises | ||||||||
| -atcost | 1,016,279 | 1,016,279 | ||||||
| Equipment atWOV | 0 | 0 | ||||||
| investmentProperties | ||||||||
| -atmarketvalueasatMarch2006 | ||||||||
| 24StEdmund'sChurchStreet | Street | 290,000 | 290,000 | |||||
| improvementsto24a | 64,728 | 64,728 | ||||||
| 51Greencroft | 210,000 | 210,000 | ||||||
| Improvementsto$1Greencroft | 36,613 | 35,613 | ||||||
| 1,616,620 | 1,616,620 | |||||||
| InvestmentProperties | ||||||||
| -atrevaluation asatAugust2021 | 37,586 | 606 | ||||||
| Bank Balances | 1,654,206 | 1,617,226 | ||||||
| CurrentAccount Cash Floats |
Co-op | 103,658 38 3 |
82,985 39 30 |
|||||
| Central FinanceBoard | 12,983 | 12,965 | ||||||
| 116,709 | 96,019 | |||||||
| Prepayments/Accruals | ||||||||
| Income Accrued | 0 | 0 | ||||||
| Less: PaymentsDue | a | 0 | ||||||
| Received inAdvance | 400 | 600 | ||||||
| DepositsHeld | 0 | 0 | ||||||
| 600 | 600 | |||||||
| 1,770,315 | 1,712,645 | |||||||
| Financed by: | ||||||||
| Non-distributableReserve | 1,654,206 | 1,617,226 | ||||||
| DistributableReserves | ||||||||
| -asat 1September2020 | General | 95,419 | 76,753 | |||||
| Designated | 0 | 95,419 | 0 | 76,753 | ||||
| prioryearadjustments | ||||||||
| Income(Page4) | 182,671 | 157,363 | ||||||
| Expenditure (Page 5} | -125,001 | ‘138,697 | ||||||
| Surplus/(Deficit)fortheperiod | period | 67,670 | 18,666 | |||||
| 153,089 | 95,419 | |||||||
| Tonon-distributable(capital) | 36,980 | 0 | ||||||
| General Reserve | 116,109 | 95,419 | ||||||
| DesignatedFunds | ||||||||
| i) | ||||||||
| 1,770,315 | 1,712,645 |
Page3
SALISBURY METHODIST CHURCH
INCOME ACCOUNT as at 31 August 2021
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|||||
|---|---|---|---|
|2021|2020|
|Envelopes & Standing Orders|64,528|59,643|
|Gift Aid Refund|13,906|17,454|
|Cash Collections|1,615|6,012|
|Sundry Donations Income|13,838|8,785|
|Group Income|1,673|0|
|Legacies and Funeral|Gifts|36,888|0|
|Outreach Worker income|14,000|14,000|
|Miscellaneous Income|0|7|
|Group Income|0|1,980|
|Service Fees|0|
|Newsletter Donations/Use of Photocopier|0|15|
|Coffee and Lunch|0|3,119|
|Room|Lettings|919|10,487|
|Rent|33,546|33,750|
|Feed-in Tariff Income|1,641|2,010|
|Central|Finance Interest|18|92|
|Bank|Interest|0|0|
|TMCP Interest|99|9|
|Total Income|182,671|157,363|
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Page4
SALISBURY METHODIST CHURCH
EXPENDITURE ACCOUNT
asat 31 August 2021
| 2021 | 2020 | |
|---|---|---|
| ChurchRepairsandMaintenance | 2,049 | 3,132 |
| PropertyRepairs24 ChurchStreet&51Greencroft | 9,308 | 15,059 |
| RentalCommission | 2,887 | 2,856 |
| Rates | 0 | 0 |
| Assessment | 59,704 | 67,606 |
| WorshipExpenses | 1,410 | 1,250 |
| OutreachWorkerSalary | 12,007 | 11,693 |
| OutreachWorkerExpenses | 0 | 95 |
| OfficeAdministrator | 4,458 | 9,206 |
| MusicCoordinator | 4,821 | 4,688 |
| Junior Church/Youth Club | 0 | 19 |
| Heat, LightandWater | 4,874 | 6,953 |
| Insurance | 4,397 | 4,523 |
| Donations | 0 | 813 |
| GeneralOfficeExpensesincludingTelephones | 4,175 | 7,332 |
| OfficeChurchEquipment(includingdepreciation) | 9,484 | 0 |
| Miscellaneous Purchases | 627 | 2,927 |
| GroupExpenses | 0 | 545 |
| MinibusCosts | 0 | 0 |
| Legaland Professional | 0 | 0 |
| BankCharges | 0 | 0 |
| Mission | 4,800 | 0 |
| Pastoral | 0 | 0 |
| Training | 0 | 0 |
| 125,001 | 138,697 |
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