SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS For the Year Ended 31 August 2023
SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS For the Year Ended 31 August 2023
| Contents | Page |
|---|---|
| Independent Examiner's Report | 1 |
| Treasurer'sApproval Certificate | 2 |
| Balance Sheet | 3 |
| Income and Expenditure Account | |
| Income | 4 |
| Expenditure | 5 |
SALISBURY METHODIST CHURCH
FINANCIAL STATEMENTS
For the Year Ended 31 August 2023
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 2023
Respective responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the 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 independent examination is needed.
It is 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 ofthe accounting records kept by the charity and a comparison ofthe 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 2023
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:
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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 re Stoford Chesdepe SAE Salisbury SP2 OPP
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Date: a
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TREASURER'S APPROVAL CERTIFICATE
| approve the financial statements for the year ended 31 August 2023 and confirm that | have made available all relevant records and information for their preparation.
H J Thorne MAAT Date: 6-10-2023 61 Lindford Road Hampton Park Salisbury SP1 3WX
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SALISBURY METHODIST CHURCH
BALANCE SHEET asat 31 August 2023
2023
2022
Endowed Assets Salisbury Methodist Church Premises -at cost 1,016,279 1,016,279 Equipment at WDV i¢) 0 Investment Properties - at market valueas atMarch 2006 24 St Edmund's Church Street 290,000 290,000 improvements to 24a 64,728 64,728 51 Greencroft 210,000 210,000 improvements to 51 Greencroft 35,613 35,613 Investment Properties 1,616,620 1,616,620 -at revaluation asatAugust 2023 38,690 37,626 Bank Balances 1,655,310 1,654,246 Current Account Co-op 96,998 135,009 Cash 39 39 Floats 30 30 Central Finance Board 13,490 13,037 110,557 148,115 Prepayments/Accruals Income Accrued 0 0 Less: Payments Due 628 0 Received in Advance 600 -600 Deposits Held 5,149 4,150 6,377 4,750 1,759,490 1,797,611 Financed by: Non-distributable Reserve 1,655,310 1,654,246 Distributable Reserves -as at 1 September 2022 General 143,365 116,109 prior year adjustments Designated 0 143,365 0 116,109 IncomeExpenditure (Page4) 185,039 168,285 (Page 5) -224,224 -141,029 Surplus/(Deficit) for the period -39,185 27,256 To non-distributable (capital) ~~ 404,180 ~~443,365 General Reserve 104,180 143,365 Designated Funds sacneneeies Fee aaa
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SALISBURY METHODIST CHURCH
INCOME ACCOUNT
as at 31 August 2023
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|---|---|---|---|---|
|2023|2022|
|Envelopes & Standing Orders|65,571|65,570|
|Gift Aid Refund|17,310|15,043|
|Cash|Collections|2,751|4,536|
|Sundry Donations Income|4,086|6,396|
|Group Income|2,244|1,575|
|Legacies and|Funeral|Gifts|3,835|12,277|
|Outreach Worker Income|14,000|14,000|
|Miscellaneous Income|15,926|21|
|Service Fees|0|0|
|Newsletter Donations/Use of Photocopier|48|10|
|Coffee and Lunch|3,192|1,600|
|Room Lettings|18,545|12,313|
|Rent|34,704|34,010|
|Feed-in Tariff Income|2,355|868|
|Central|Finance|Interest|453|54|
|Bank Interest|0|0|
|TMCP Interest|19|11|
|Total Income|185,039|168,284|
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SALISBURY METHODIST CHURCH
EXPENDITURE ACCOUNT
as at 31 August 2023
| 2023 | 2022 | |
|---|---|---|
| Church Repairsand Maintenance | 5,097 | 3,681 |
| Property Repairs24Church Street& 51 Greencroft | 71,398 | 8,824 |
| RentalCommission | 2,923 | 2,887 |
| Rates | 0 | 0 |
| Assessment | 62,852 | 60,559 |
| Worship Expenses | 569 | 397 |
| OutreachWorkerSalary | 19,251 | 16,967 |
| OutreachWorkerExpenses | 93 | 201 |
| Office Administrator | 14,726 | 13,095 |
| MusicCoordinator | 5,324 | 4,782 |
| JuniorChurch/Youth Club | 0 | 104 |
| Heat, LightandWater | 23,956 | 9,800 |
| Insurance | 5,272 | 4,845 |
| Donations | 0 | 572 |
| General OfficeExpensesincluding Telephones | 9,092 | 6,502 |
| OfficeChurch Equipment(includingdepreciation) | 216 | 967 |
| Miscellaneous Purchases | 1,017 | 3,778 |
| GroupExpenses | 2,100 | 1,413 |
| MinibusCosts | 0 | 0 |
| Legal and Professional | 0 | 0 |
| BankCharges | 0 | 0 |
| Card Charges | 139 | |
| Mission | 0 | 947 |
| Pastoral | 83 | 401 |
| Training | 116 | 307 |
| 224,224 | 141,029 |
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