CHURCH RECEIPTS AND PAYMENTS ACCOUNTS
THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS
OSWESTRY METHODIST
Church
FOR THE YEAR ENDED
31 August 2025
| Circuit Circuit no. Shropshire & Marches Registered Charity - Charity Registration number |
118700 03/13 |
|---|---|
If not a registered charity Her Majesty's Revenue and Customs Gift Aid number
(The HMRC number is equivalent to 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 excepted from registration under Statutory Instrument 2014 No.242)
Minister: Revd Julia Skitt Church Stewards: Jennifer Roberts Heather Watts Martin Bennett Mary Beaman Treasurer: Ian Skaife
Church R and P 2015.xls
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OSWESTRY METHODIST
Church
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
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Unrestricted Restricted Totals this Totals last
SECTION A Funds Funds year year
£ £ £ £
a1 RECEIPTS Note
a2 Offerings and Tax recovered 14,181 14,181 16,631
Bank and CFB interest and
a3 Investment income 407 407 1,542
a4 Lettings 3,065 3,065 5,985
a5 Other receipts 15,755 1,267 17,022 15,903
a6 TOTAL RECEIPTS 33,408 1,267 34,675 (a7) 40,060
SECTION B
b1 PAYMENTS
b2 Circuit Assessment or Share 19,875 19,875 25,305
b3 Donations 100 100
b4 Repairs and Maintenance 3,735 3,735 10,708
Utilities (Insurances, water
b5 charges, heating & lighting) 10,642 10,642 11,400
b6 CARETAKER 5,422 5,422 5,406
b7 Other payments 422 86 508 1,222
b8 TOTAL PAYMENTS 40,195 86 40,282 (b9) 54,041
SECTION C
NET RECEIPTS/PAYMENTS
c1 FOR THE YEAR (a6-b8) (6,787) 1,180 (5,607) (13,981)
Total funds brought forward from
last year
c2 24,532 26,554 51,086 (c6) 65,067
c3 Sub total (c1+c2) 17,745 27,734 45,480 51,086
c4 Transfers and adjustments (c7)
c5 TOTAL FUNDS AT END OF YEAR (c3+c4) 17,745 27,734 45,480 (c8) 51,086 (c6)
SECTION D
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
d (these amounts are not to be included in total receipts/payments figures above) £ £
d1 Balance brought forward from last year
d2 Offerings/Gifts - received for external organisations 685 370
d3 Offerings/Gifts - passed to external organisations 685 370
d4 BALANCE STILL TO BE PAID (d1+d2-d3)
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Church R and P 2015.xls
OSWESTRY METHODIST
Church
SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTING TO THE CHURCH COUNCIL
SECTION E Please follow the Guidance Notes to complete this page Summary of the Church accounts for the year ended 31 August 2025 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected District Organisations.
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Net Receipts/ Opening
INTERNAL ORGANISATIONS Receipts Payments Payments Adjustments balances Closing balances
e1 PRE-SCHOOL 127,458 122,408 5,050 (1) 76,188 81,237
e2 Womens Fellowship 102 65 37 378 415
e3 Churches Together 50 195 (145) 1,217 1,072
e4 Benevolent Fund 147 110 37 354 391
e5
e6
e7
Sub total of Internal Organisations
e8 funds 127,757 122,778 4,979 (1) 78,138 (e11) 83,116 (e12)
Church accounts (totals brought
forward from page 2 - totals
e9 column) 34,675 (a7) 40,282 (b9) (5,607) (c7) 51,086 (c6) 45,480 (c8)
TOTAL CASH FUNDS HELD BY
e10 CHURCH 162,432 163,059 (627) (1) 129,224 (x) 128,596 (y)
Continue on a separate sheet if TOTAL
necessary and bring the totals TOTAL RECEIPTS
PAYMENTS
forward
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SECTION F
STATEMENT OF ASSETS AND LIABILITIES
| f1 f2 f3 f4 f5 f6 f7 f8 f9 g1 g2 g3 g4 g5 |
CHURCH - CASH FUNDS HELD at 31 August 2025 SECTION G OTHER ASSETS and LIABILITIES TRUST 146 Other Assets CONTENTS Central Finance Board Trustees for Methodist Church Purposes Other funds Other Liabilities Total funds held by Internal Organisations (the closing balance total from above) (e12) Investments (include Endowments) Bank Deposit Account Land & Buildings (see notes re Insurance value) SUB TOTAL - Church accounts Loan(s) - show amount outstanding at year end TOTAL CASH FUNDS HELD BY CHURCH Cash in hand Bank Current Account |
OPENING BALANCES 0 10,094 544 10,687 29,761 0 51,086 (c6) 78,138 (e11) 129,224 (x) At 1 September 2024 1,343 3,548,719 110,682 |
CLOSING BALANCES 0 5,079 2,847 6,470 31,084 0 45,480 (c8) 83,116 (e12) 128,596 (y) At 31 August 2025 1,346 3,548,719 110,682 |
|---|---|---|---|
f4 Include only Funds held at the Central Finance Board
f5 Include only Funds held at Trustees for Methodist Church Purposes
g1 Include any other investments (not the cash element of TMCP trusts accounts this is included in line f5
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Nan ofChurch......OswestyMethc#llst........................... No... .. Ind•wdwrt Exam¥ner'• Stai•m•nt I ha complele(I my eXnin8t1i. l ¢(mi that no malerial mattern have eom• lo my attenlion in conn¢¢tw wlh the lolh8r than that disclosed belty¥'l whi¢h give m• ¢ause to btlieb th•t in, any material Tespect: p*counting recordswere not kept in accordanee vAth seciion 130 of1 Act., th8 a¢nI8 do a¢¢ord Ihtr a¢ctsJnting reId$. I have no nc¢M5 have ¢em¢ a¢ro¥$ no oiher matler3 in connection with Ihe examinallon to ¥At¢nti¢)n b• drawn In IN$ report in (Kderlo enable 4 Unrntanding olth• aeeounls to r•ached. I hp¥&have not" obtained Indepdènt VWIfitw ol all InStM•nts with the Trusi••s lor Whodisl Church PuryKJses or held in other tnjsts, bk ba1CeS funds at th• Central Finance Bo8fd ofth• P4leihodi$i Church which ar• indidU#1fy in excess ofÈ10.000 Il•n thousand pcwnd81 at the bance aheet date. Sionatur• of Inil•p•r#l•nt •x•miner ia¢EA)t4 Nam?0fkndawnd•nl•x1Mr ................................... . . Reknv•nt wofethl qu011f1th of Indynd•nl •xamln•r ....................... Nameofllrnlwh•r••pproprl•t•l .............. ............................................................,.,... dekne or circle •• •ppToprl•t• S•p22
RESERVES POLICY of
Oswestry
Church Council
-
General Funds held at Y/E 31/08/25 £17,745
-
Restricted Funds held: Women’s Fellowship £415, Churches £110,849 Together £1,072, Benevolent Fund £391 Pre-School £81,237 and a restricted trust fund at TMCP £ 27,734
-
Endowment Funds held “
£ 0
- Reserves policy for General Funds
We aim to keep £16,500 in reserves to cover 6 months assessments and utility costs.
Please note that the other income includes money paid by the pre-school for the cost of utilities, caretaking, it is NOT a letting fee. For the purposes of this policy the money received is £12,000.
- Policy 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 account potential costs of employment such as unexpected redundancies.
The Benevolent Fund is held for people in crisis as per standing orders
Churches Together funds are for the local churches group.
TMCP hold monies restricted under Local Proceeds
- Terms relating to Endowment Funds held
This Reserves Policy has been approved by
Oswestry Methodist Church Council at a meeting on 6[th] November 2025.
| Treasurer | Trustee |
|---|---|
| Full name: signed byIan Skaife | Full Name signed byRev Julia Skitt |
| Signature | Signature |