CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS OSWESTRY METHODIST Church FOR THE YEAR ENDED 31 August 2024 Shropshlre & Marches Clrcuit Circuit no. 28103 Ragistered Charity - Charity Registratlon number If not a registered charity Her Majesty's Rèvenue and Customs Glft Aid numbor (The HMRC number is equivalent lo a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are exceptèd from registration under Statutory Instrument 2014 No.242} 118700 Mlnistgr: Revd Julia Skitt Church Stewards: Jennifer Roberts Heather Watts Martin Bennett Ma Beaman Treasurer: Heather Watts ¢hur¢h R P 2015.xl$ 1 of5
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 OSWESTRY METHODIST Church SECTION A Unrestrlet¢d Restslct•d Total8 th1¥ Fund8 Funds •r Totsls last RECEIPTS Offerin s and Tax recovered Bank and CFB interest and Investrnenl income 16,631 1.542 5,985 14,538 38.695 1.542 5.985 15.903 40.060 Lettin 4.780 10.834 38,963 a5 Other receipts TOTAL RECEIPTS 1,365 1.365 {a7) SECTION b1 PAYMENTS b2 Circuit Assessment or Share 25,305 27.685 b3 Donations 36 Re aits and Maintenance Utilities {Insurances, water cha es, heatin & I. hlingl 10,708 8,415 b5 11,400 7,230 5.517 1.503 50.385 CAREfAKER 5,406 1,150 53,969 5.406 1.222 54.041 b7 Other payments TOTAL PAYMENTS 72 b8 72 Ib9) SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 *6-b8 15,274 13.981 11.422 Total funds brought forward from last year c2 39,806 25,261 66.067 c6 76.490 c3 Sub total c1+c2 26,554 51.086 65,067 Transfers and ad'uslments c7 TOTAL FUNDS AT END OF YEAR Ic3+c4 24.532 26,554 51,086 {G8} 65.067 Ic61 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS Ith880 amounts aro not to bg Includgd In total recelptslpa ments Urn8 abov0 d1 Balance brou ht foTh¥ard from last ear d2 Offenn sIGifts- Teceived for extemal o anisalions 370 319 d3 OfferingslGrfts - passed lo extemal organisations 370 319 d4 BALANCE STILL TO BE PAID Id1 +d2-d31 Church R P 2015.x15 2of5
OSWESTRY METHODIST RCHC CH RCH ONS REPORTING T IHE SECTK)P4 E eth Surnmaryottschurch the rended 31 August2024 and Intètnal Organi98bDn$ roputhg totrChurth CO1ChUh Meetino Wlhal ihe fvThJsofan lrtt8ttKI orgark8thnv4vj rKxmwly Rethi fund5 unkys itCoU be dèaty thatthty roukl be Led (vrany Meth(xltyt pwp)se. musl be c¢mpw knamvèatthegroys irththandexpÈnd1efotadth& Chur(. 910%8 Iwneexc# the A¢0Okt, then theAcwls rneth0dofuMhThJ AND A DIFFERE[ FORM muS1 bp wed to tek¥Mtth8 arL 1meO9tb¥rte}. Pleasèir8rtothègUKknrg TegBttng knn8fers tt the DislrKt N4t PRE4CH(KX 112125 53 76.186 122 366 377 Chw¢hMT S50 180 370 1.217 125 125 230 354 e7 b1 112416 53 12 Churth ¢tr• lYouyhtforardfrtyD p•w 2. tot41s cdumnl 65.067 CHURCH 183A27 12,8321 132,108 129.223 ConbnLon rf TOTAL RE¢EIPTS TOTAL PAYMENTS SECTrOII F 4b OPENIII BALANCES CLOSING CHiMCM.CA4H FUIIDS HELD at 31 A u•t 2024 Ca•h In ld Bar CLYrth loo 7.552 TDJbleMfty Pu 47,471 29.781 Othèr fu# 81B TOTAL. Church •c¢ounts 66.067 Ic6 Totsl hold ty InthmAIOpJBnMA&Jni (th• (rt arK•tc4frcffl •bw•l {•121 67,041 78.137 TOTAL CASH FUFIDS HELD BYCHURCH 132,108 129.223 SECTW LI Al 1 8qFlarnbor 2023 Al 31 Augu•1 2024 OTHER A88ET8 and LIABlE$ TRUST 148 3548719 CONTENTS 110882 14 lnc4ud0ty FuTrJ• h•ld4tth• Can1 FIMnc• Bo fs Inc4ud•onty FuthJ# hklAt TtuÈio foi M•lWi•l¢hw¢* Pu5• 91 Incl0 in¥eslmwts Irntthe cash element olTMCP tfu•tb 12£4Um#ththl•wjtyJth IlrmlS
Name of Church .........OSWESTRY METHODIST............ Declarations and Scrutiny I confim that these Receipt and Payment based accounts for Ihe year to 31 August 2024 have been prepared from the records of the Church and Ihal they include all funds under the control of the Church trustees. Signature of treasurer ... Date.......................... Name and address of treasurer . f-4 i p.. Post Coje... Presentallon to the Church trusteos I confirm Ihal the annual report and accounts f r the year ended 31 August 2024 wereXII& presented to the meeting of the Church Iruslees held on Signature of the Chair of the meeting Name of the Chair of the meeting Independent Examlner's Report to the Tru8tee8 of the ..OSWESTRY METHODIST........Church Charlty Numbèr...1128700 Rospon$lbllltlo8 and ba818 of report I report lo the trustees on my examination of the accounts of the . .Oswestry Methodist... Church for the year ended 31 August 2024 set out on pages . .110 3.... As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charitias Acl 2011 ('Ihe Act'l. I report in respect of my examinalion of the Church's accounts carried out under section 145 of the Aol and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission undeT slI0n 145(5)Ib) of the Act. ' delete or circle as appropriate 201SL*urth R p.
Name ofChurch......Oswestry Methodist........................... No.... .... Independent Examlner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below.) which give me cause to believe that in, any material respecL' the acc th Ing re¢ofds were not kepl in accordance wth section 130 of the Act,. or ccounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enab16 a proper understanding of the accounts to be reached. I h9yhav8 nor obtained independent verification of all inveslmenls with the Trustees for Methodist Church Purposes or held in olher trusts. bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of indep8ndent examiner Name of independènt examiner Relevant professional qualification of independent examiner Name of fimi (vthere appropriate) Address Post Code Date delete or clrcle as appropriate Sep22 2015 ¢nurt R •nd P.
RESERVES POLICY Roport on behalf of Oswo$t Church Council Shro hire & Marches Circuit We submit our annual report in accordance with the requiren*nts of the Methodist Conference and the Charity CoMmissn guhdance in CC19. {1) The trustees have established thelr mission aims taking into account all of the sourceS availab18 in terms of people, property and ney {iiil We have agreed a ReseNes Policy whlch is set out overleaf and is recorded in the trustees, minutes and our Annual Report {ivl We recognise the need to be accountable as chanty trustees for all the money whh coThs into our hands and will provide further informatv)n as required by the Circu Iv) Our Report Is attached overfeaf lill Mission inib'alTrieslproiects have been ¢osted or estimates made of projected future costs which lake into a¢¢ounl th8 needs of the buildings and the requirements of the Quinquennial Inspection Reportls To be completed by Receiving Body The 'Circuit MeetinglDistrict received the RESERVES POLICY of 'Church Coun¢illCircuit Me&tinglDistrid Policy acpted and a¢knowledgem8nt sent to the trustees YES INO Policy noted and the following enquiri8s made of the trustees Responses received and any further action taken 'ClrculUDl•trfct Slgnatures Please delete as a rl819
RESERVES POLICY of Oswes Church Council General Funds held at YE 31108124 £24 532 Restricted Funds held: Women's Fellowship £377. Churches Together £1,217, Benevolent Fund £354 Prtrschool £76,188 and a restricted trust fund at TMCP £ 26 554 £104,691 Endowment Funds held Reserves policy for General Funds We aim to keep £18,500 in reserves to cover 8 months assessments and utilrty costs. Plu•8 not• that th• othor Income Includos monoy pald by the pr•4chool for th• cost of utlllilos, aretaklngi It 1$ NOT a lettlng fe•. For the PUTPOSaS of th1• Wlcy th• monoy r•coived is £12,000. 5. Polic for Restricted Funds Monies held by the Preschool are restricted solely for the purposes of activities of the group. The Local Authority pay funds in advance for free child places. to cover staff salaries, utilities, caretaking and other resources. Monies for the quarter ended December were received in August. We need to take into a¢¢ount potential costs of employment such as unexpected redundancie8. Th8 Benevolent Fund is held for people in crisis as per standing orders Churches Together funds a for the local churches group. TMCP hold monies restricted under Local Proceeds Tomis relatlng to Endowment Funds held This Reserrfes Policy has been approved by Oswestry Mothodl8t Church Councll at a mootlng on W November 2024. Treasurer Trustee Full name: l•n Skalfa Full Name Rev Jull• Skltt Signature SnatUre