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2022-08-31-accounts

Charity Number: 1128664

Baildon Methodist Church

Trustees’ Annual Report and Financial Statements

for the year ended 31st August 2022

Baildon Methodist Church

Contents
Page
Charity Information 1
Report ofthe Trustees 2-8
Trustees’ Responsibilities 9
Independent Examiner's Report 10-11
Declatation ofScrutiny 12
Statements of Financial Activities 13
Balance Sheet 14
Statement ofCash Flows 15
NotestotheFinancialStatements 16-22

BAILDON METHODIST CHURCH

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 315? AUGUST 2022

REFERENCE AND ADMINISTRATIVE DETAILS

REGISTERED CHARITY NAME Baildon Methodist Church REGISTERED CHARITY NAME 1128664 CHARITY’S PRINCIPAL ADDRESS Newton Way Baildon West Yorkshire BD17 5NH

THE TRUSTEES

The trustees, being appointed by the Church Council, who served during the year were as follows:

Rev Nick Blundell Circuit Minister Rev Christine Crabtree Circuit Minister Rev Phil Drake Circuit Superintendent Minister John Anderson Nicola Arkell Janet Binks Senior Steward Elliot Cahill Naomi Cahill Ros Crosland Chris Flecknoe Mervyn Flecknoe Ashley France Peter Jackson Susan Jackson Gareth James Rachel James Dawn Jankowicz Church Council Secretary William John Lawson Pauline Lawson Amanda McCarthy Claire Nott Gary Picken Treasurer Allen Pollard Pam Pollard Belinda Popadenis Emma Walch Gareth Walch Charles William Wyatt-Millington Custodian Trustees The Trustees for Methodist Church Purposes (TMCP)

1

.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Baildon Methodist Church is established as a trust, under the Methodist Church Act 1976 and is governed by the Church Council in line with its Governing Document, ‘The Constitutional Practice and Discipline of the Methodist Church.’ Trustees are appointed by the Church Council and by church members at the Annual General meeting

The Church Council (comprising the Chairman and trustees) meets three times a year with additional ad hoc meetings as required, to consider matters of governance, current operational and financial positions and strategic planning. Proceedings of the Church Council and all related groups are publicised to all church members and an Annual General Meeting (AGM) is normally held to which a report is made on church affairs. The AGM for 2022 has not yet taken place. Church Council meetings have continued to occur on church premises throughout the past year.

The church is part of the Bradford North Methodist Circuit and, through the Yorkshire West District, is accountable to the Methodist Conference. Churches within the circuit are served by a team of three full time ministers, one being Superintendent, and a part-time minister. Each minister is a link minister for a cluster of churches. However recently due to ill health within the ministry team there are changes being made to this arrangement with ministers being link ministers to more churches and working in pairs. Due to the size of membership, Baildon Methodist Church is not in a cluster with other churches in the Circuit.

Three voluntary lay pastors, local preachers, trustees and volunteers play major roles in the organisation and running of Baildon Methodist Church. The Church Council discusses risks applying to the church, takes professional advice as required, regularly reviews progress and has adopted a Safeguarding Policy which is reviewed annually.

The Baildon Leadership Team (trustees representing different aspects of church life together with the link minister) provide invaluable service to church members in the organisation and running of the church, the church centre (named Wesley's) and in the consideration of any issues arising, before being referred to the church Council for decision making

OBJECTIVES

The purpose of this Methodist Church (as set out in the Methodist Church Act 1976 and the Methodist Church’s statement ‘Our Calling’ in 2000) is the advancement of the Christian faith and any charitable purpose ofthe Methodist Church or church organisation and to respond to the gospel of God’s love through worship and prayer, learning and caring, service and evangelism. Baildon Methodist Church aims to increase awareness of God’s presence, make more followers of[Jesus][Christ,][help][people through][prayer,][mutual][support][and][care,][be][a][good] neighbour to those in need and challenge injustice where appropriate. Community outreach is a major objective.

The trustees of Baildon Methodist Church have regard to the guidance issued by the Charity Commission on public benefit and take this into account when planning and considering their objectives and activities.

ACTIVITIES

Following the closure of the church for worship and the church buildings for activities it has been a joy to return to normality over the past few months. Wesley's café has been able to return to normal opening hours and is as popular as ever as a meeting point within the community. Whilst the church activities were being phased back in, online worship and virtual coffee following the services continued for those who did not feel comfortable attending. These have now ceased as many members of the community have returned to their church activities along with new attendees.

The activities of Baildon Methodist Church can be divided into three sections; Worship, Community outreach, Wesley's café. There is of course overlap within all three groups. Summaries of all three will be provided in the next section Achievements and Performance.

2

ACHIEVEMENTS AND PERFORMANCE

3

4

5

This last year has seen a new post covid normality emerge within church life. There has been renewed delight in things taken for granted before the pandemic such as ‘in person’ fellowship, familiar faces at the café with a welcoming cuppa, singing our worship to name just a few. Enjoyment of the many activities which occur at church has been evident along with the comfort and companionship they offer all ages within the community. The trustees of Baildon Methodist Church are confident that during the year 2021/22 they have provided many worship and prayer opportunities mindful of post lockdown safety advice. Pastoral care has been offered to members and friends of the church along with numerous examples of community outreach being undertaken.

6

FINANCIAL REVIEW

It was very encouraging that the regular monthly giving to the church remained constant throughout the time the church was closed for Covid. This confirms that the importance that the congregation see the church and its ongoing presence in Baildon. Monthly contributions have dropped slightly in the last 12 months as a result of a few deaths of a few much loved elderly supporters of the church.

We are very fortunate that so many of the congregation pay income tax and have agreed to gift aid their giving. This provides a much welcome income of around £14,000 a year on gift aid claimed from HMRC.

The income from Baildon Village Pre School, who rent part of our building, together with specific donations from some of our congregation have meant that the £200k loan that was taken out to complete the new building, continues to be paid off to plan, the outstanding loan from Methodist Chapel Air is currently £130k.

Wesleys Café, although a public limited company, operates very much as part of the church’s outreach and community support and operates within the church building. It also Gift Aids any profits it makes to the church. This is a very welcome income netting around £3,500 this year.

The single biggest challenge for us has been the increased cost of heating. As part of our commitment to environmental concerns the church is no longer heated by gas but by electricity sourced from completely renewable sources. Due to cost increases our annual electricity bill has risen from £10k/year to over £20k. Strategies have been put in place to ensure that only rooms are heated as required thus removing wate.

7

PLANS FOR FUTURE PERIODS

The trustees declare that they have approved the Trustees Report above.

Signed on behalf of the Charity’s Trustees:

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Rev Nick Blundell

On behalf of the Ministerial Team

Dawn Jankowicz Church Council Secretary 2021/22

8

Baildon Methodist Church

Statement of Trustees’ accounting and reporting responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable then tom ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Baildon Methodist Church

Independent Examiner’s report to the Trustees of Baildon Methodist Church

| report to the trustees on my examination of the accounts of Baildon Methodist Church for the year ended 31 August 2022.

This report is made solely to the Charity’s Trustees, s a body, in accordance with Section 145 of the Charities Act 2011. My independent examination work has been undertaken so that | might state to the Charity’s Trustees those matters | an required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my independent examination work, for this report, or for the opinions | have formed.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable directions given by the Charity commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirmed that | am qualified to undertake the examination because | am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102).

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Baildon Methodist Church

Declaration of Scrutiny for the year ended 31 August 2022

| confirm that these accruals based accounts for the year to 31st August 2022 have been prepared from the records of the Church and they include all funds under the controlYn Trustees. jp feen Vayu fet.. NaN

Treasurer and Trustee 7 December 2022

Gary Picken 69 Springfield Road Baildon Shipley West Yorkshire BD17 5LX

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Baildon Methodist Church

Balance Sheet as at 31 August 2022

2022 2022 2021
Notes £ £ £ £
Current Assets
Debtors 10 7,033 10,911
Cash at bank and in hand 123,675 108,138
130,708 119,049
Current Liabilities
Creditors: Amounts falling due within
on year 11 - 16,422 - 15,510
Net CurrentAssets 114,286 103,539
Creditors: Amounts falling due over
oneyear 12 - 120,124 - 155,515
Net Assets - 5,838 - 51,976
Funds ofthe Charity:
Unrestricted 14 74,023 69,245
Restricted 14 - 79,861 - 121,221
TotalFunds - 5,838 - 51,976

The notes on pages 17 to 23 form part of these Financial Statements.

The Financial Statements were approved by the Trustees and signed on their behalf by:

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Gary Picken
Trustee
Date: 3//eU,
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Baildon Methodist Church

Statement of Cash Flows for the year ended 31 August 2022

2022 2021
£ £
Cash flows from operating activities:
NetCash (used in) operating activities: Below 15,089 - 44,953
Cash flows from Investing activities
Interest received 448 165
Netcash provided by investing activities 448 165
Cash flows from financial activities
Cash in flows from new borrowing - -
Net cash provided by financing activities - -
Change in cash and cash equivalents intheyear 15,537 - 44,788
Cash and cash equivalents atthe beginning ofthe year 108,138 152,926
Cash and cash equivalents atthe end oftheyear 123,675 108,138
Reconciliation of Net Movement in Funds to Net Cash Flowfrom Operating Activities
2022 2021
£ £
Net movement in funds 10,747 7,488
Interest Received - 448 - 165
Decrease in debtors 3,878 - 4,211
Increase in creditors 912 - 48,065
15,089 - 44,953

Baildon Methodist Church Notes to the Financial Statements for the year ended 31 August 2022

  1. Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Church information The Church has been registered with the Charity Commission under registration number 1128664 since 19 March 2009. The Church's contact address is Newton Way, Baildon, West Yorkshire, BO17 SNH.

1.2 Accounting convention The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 ("Charities SORP (FRS 102)"), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Charities SORP (FRS 102) rather than Accounting and Reporting by Charities: Statement of Recommended Practice 2005 which has since beenwithdrawn.

The financial statements are prepared in sterling which is the functional currency of the entity.

Baildon Methodist Church meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy notes.

1.3 Going concern The Trustees have at the time of approving the financial statements a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Income Income in the Statement of Financial Activities is recognised when the Church has entitlement to the funds, any performance conditions attaching to the item(s) have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations, grants, gifts and lettings income are recognised when receivable.

Income from legacies is recognised once probate has been granted, provided that sufficient information has. been received to enable valuation of the Church's entitlement.

1.5 Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis and includes irrecoverable VAT.

Support costs are those functions that assist the work of the Church but do not directly undertake charitable activities. Support costs include administration, finance, human resources, information systems and governance costs which support the services provided.

Expenditure on the Chapel known as 'The Fold' has been recognised as a expense as incurred as the freehold interest is now owned by the church and no formal lease exists.

1.6 Staff costs The costs of short term employee benefits are recognised asa liability and an expense where settlement of obligations does not fall within the same period.

Baildon Methodist Church Notes to the Financial Statements for the year ended 31 August 2022

1.7 Pensions The -Church operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the Statement of Financial Activities in the year they are payable.

1.8 Fund accounting Funds held by the Church are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the Church. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose.

1.9 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

1.10 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a_ short maturity held for working capital. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Debtors Prepayments and accrued income represent time apportioned expenses or income to be recognised in a future accounting period.

Debtors are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account.

1.12 Creditors, loans and provisions Creditors, loans and provisions are recognised where the Church has a present obligation resulting from a past event that will probably result in the transfer of funds to athird party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial liabilities are derecognised when, and only when, obligations are discharged, cancelled or they expire.

Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

1.13 Taxation The Church is exempt from income tax to the extent that income and gains are applied to charitable purposes only.

Baildon Methodist Church

Notes to the Financial statements for the year ended 31 August 2022

2. Critical accounting estimates and judgements

In the application of the Church's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Income from donations and offerings

3. Income from donations and offerings
2022 2021
£ £
Legacies -
Offerings and donations 60,869 150,613
Gift Aid 69,255 68,459
Grants received 20,867 10,800
Room Letting Loan Repayment - 3,878 4,211
147,113 234,083

4. Income from other trading activities

4. Income from other trading activities
2022 2021
£ £
Book & Card Stall 647 -
Funeral Charge - -
Premises lettings 41,785 14,904
Fundraising - 138
Gift Aid Tax Reclaim 17,616 17,274
60,047 32,316
5. Other Income
2022 2021
£ £
Catering Income 42,933 20,726
Weddings and funerals 426 430
Room Letting 51,517 22,981
See & Know funds 154 -
Feed in tarrif 1,355 1,187
96,385 45,324
6. Income from Investments
2022 2021
£ £
Interestoncashdeposits 448 166

Baildon Methodist Church

Notes to the Financial statements for the year ended 31 August 2022

7. Expenditure on charitable activities
2022 2021
£ £
StaffCosts (Note 8) 41,982 28,557
Circuit assessment 72,119 72,119
Building Cost 67,201 131,005
Bank Charges 50 -
Donations 8,181 4,451
Repairand maintenance 8,957 8,576
Utilities and Insurance 31,472 14,056
Mission and publicity 2,036 1,875
Cleaningand othercosts 3,358 3,829
Licence cost 622 597
Catering 183 -
Admin Costs 288 130
Junior Church cost - 153
Benevolence Fund 726 -
Other Misc 2,878 -
Restricted Funds 18,102 10,668
Total Expenditure 257,855 276,017
8.Employment Costs
2022 2021
£ £
Staffcosts comprise:
Wages and salaries 37,394 21,075
Social Security 656 3,565
Pension Costs 3,933 3,917
41,982 28,557

The Church had 5 employees (2021 - 5 employees) during the year.

No employee received remuneration in excess of £60,000 (2021 - no employee).

No Trustees received any remuneration of benefits during the year (2021 - no trustees)

The Trustees are considered to be the key management personnel of the church.

During the year, there were no expenses paid to the trustees (2021 - no expenses).

Baildon Methodist Church

Notes to the Financial statements for the year ended 31 August 2022

10 . Debtors
2022 2021
£ £
Other Debtors 7,033 10,911
11. Creditors: amounts falling due within one year
2022 2021
Note £ £
Accruals 2,698 1,786
Loan Balance 12 13,724 13,724
16,422 15,510
12. Creditors: amounts falling due afte one year
2022 2021
£ £
LoanBalance 120,124 155,515

The Methodist Chapel Aid loan, which is secured by legal charge over Baildon Methodist Church, is repayable over 15 year. Interest is charged at 2.9% per annum.

The loan, which is not secured, is repayable over 12 years by way of capital and interest payments. Interest is charged at 1.8% per annum.

At 31 August 2022 the loan was repayable in annual instalments as follows:

2022 2021
£ £
In one year or less - -
Between one and five years 13,724 13,724
Afterfive years by instalments 120,124 155,515
Total borrowings 133,848 169,239
13. Financial instruments
2022 2021
£
£
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Carrying amount offinancial assets:
Financial assets carried at amortised cost 130,708 119,049
Carrying amount offinancial liabilities:
Financialliabilitiescarriedatamortisedcost 136,546 171,025

Baildon Methodist Church

Notes to the Financial statements for the year ended 31 August 2022

14. Movement of funds

Balance at 1 Balance at 1 Balance at Balance at
September 31 August
As at 31 August 2022 2021 Income ‘Expenditure’ Transfers 2022
£ £ £ £ £
Restricted funds:
Big Fund - 124,018 75,535 - 71,739 - - 120,222
Other Funds 2,797 106,179 - 68,615 - 40,361
- 121,221 181,714 - 140,354 - - 79,861
Unrestricted funds:
General funds 69,245 122,279 - 117,501 - 74,023
Totalfunds - 51,976 303,993 - 257,855 - - 5,838
Balance at 1 Balance at 1 Balance at Balance at
September 31 August
As at31 August 2021 2020 Income Expenditure Transfers 2021
£ £ £ £ £
Restricted funds:
Big Fund - 154,625 163,714 - 133,080 - - 124,018
Other Funds 8,449 33,408 - 39,060 - 2,797
- 146,176 197,122 - 172,140 - - 121,221
Unrestricted funds:
General funds 58,355 114,767 - 103,877 - 69,245
Totalfunds - 87,821 311,889 - 276,017 - - 51,976

Purpose of restricted funds:

Big fund:funds for the 'Fold' a building within the church grounds which will be used for various community and church uses. The church wil continue to fundraise in the coming year.

Other funds: various small balances given to the church for a particular use.

Transfers between funds represent the use of funds from legacies towards the building of the ‘Fold’.

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Baildon Methodist Church

Notes to the Financial statements for the year ended 31 August 2022

15. Analysis of net assets between funds

As at 31 August 2022 Unrestricted Restricted Total
£ £ £
Current assets 57,833 72,875 130,708
Current liabilities - 2,698 - 13,724 - 16,422
Longterm liabilities - - 120,124 - 120,124
55,135 - 60,973 - 5,838

As at 31 August 2021

As at 31 August 2021
Unrestricted Restricted Total
£ £ £
Current assets 71,934 47,115 119,049
Current liabilities - 1,786 - 13,724 - 15,510
Long term liabilities - = 155,515 - 155,515
70,148 - 122,124 - 51,976

16. Related party transactions

Thereare no related party transactions during the year (2021: no transactions).

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