Mickleover Methodist Chureh nnual Report And Financial Staternellts for the year tllded 31 Augu$t 2024 Charity Number 1128907 Gharity Gomrriission Received
Mickleover Methodist Cbureh AnDMal Report and Financial Statements for the year ended 31 August 2024 Annual Report 2024 Welcome to the Annual report for 2023-24. l am the Superintendent Minister of the D¢Tby Methodist Circuit and I have been in post since the l* of September 2024. My role includes pastoral oversight of two ¢hurches in the Circuit, one of which is Mickleover Methodist Church. I can say from fjrst-hand experience that Mickleover Methodist Church is a welcomin>(T place where people gather to worship God and also serve others in the communiry. There are many opportunities to join group5 and activities iaking place on the premises. Monthly Saturday lunches and weekly colTe¢ mornings give opportunities to share company with others and these are very much appreKiated by those who attend. The other organisations thai meet in Church {see final page of this report} also provide us ivith encounters in which we can share the love of God and build relationships. It was good to host a Carol SeTvice for Cubs, S¢ollts and Beavers in Dwember and for us to meet leaders and parents,. likewise a Christm&s service the Girls Brigade leaders and children planned was very well attended. and this is a link that we also want to strengthen. We are blessed to have many volunteers who make the ministty that M'e do at Mickleover Methodist Church possible. Paid lay ernployees do an excellent job of the children and families work (Fioni), and thurch adJninistration (Naomi) 5UPPOrted by others within the church to cany out their roles. Ther¢ have b¢en some financial challenge5 as outlined in the report. and a ant of £10,000 from the Derby Methodist Circuit towards mission and ministy was gratefully received. The Pre.School 15 well attended and appreciated and there is ellntlY a waiting list. There are an incT¢ased numb¢r of hirers using the building for all manner of groups. and as such the building is ben¢fiting hundreds of local people each weeL W¢ look forward to what God has for us nexL not least as we seek to make our presence known to more people who ar¢ moving into the new housing in the areA and endeavoursng to strengthen litiks with schools and ecumenical colleagues. Another ¥041 is lo Promote our inclusiveness, one recent example of this being our registration for same sex marriages. Rev Tracey Harris Superintendent Minister with pastoral charge of Mickleover Methodist ChuToh
Mickleover Methodist Church Annual Report alld Financial Statements for the year ended 31 August 2024 Trnstees. AU81 Report The trustees pr¢s¢nt their report aDd fjnancial stat¢m¢nts for the year ended 31 August 2024. The financial state¢ts have been prepared in accordance with th¢ acrounting policies set out in note I to the accounts and comply with the Charity'5 trust dee(L the Charities Aci 2011 aDd Accounting and Reporting by Charities.. statement of recomtnended Practice applicable to charities preparing th¢ir accounts in accordance with the FÈnancial Rew)rting Standard applicable tn th¢ UK and Republic of Ireland effeciive on l January 2019. PUBLIC BENEFIT The Trustees confjrnh that they have complied with their duties under Se¢tlOD 17 of the 2011 Chariti¢s A¢t with regard to Public Benefit. AIMS AND OWECTIVES The purw)ses of the Methodist Church are and Shall be deemed to have b¢en sin¢¢ the Date of Union the advancement of.. The Christian faith acwrdance with the doctrinal gtandaTds and discipline of The Methodist Church. Any charitable purpose for the time being of any Connexitsnal, District, Circuit, local or other organisation of The Methodist Church. Any chaTitsble p4]rpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church. Any purpose for the time being of ally charity being a charity subsidiary or an¢illary to The Methodist Church. Our obje¢tives ar¢ in line with those of the Methodist Church which aJe-. - Wor5hip- The Church exists to increas¢ awareness of God's presence and to c¢l¢brate God'5 love. Learning & Carlng- The Church exists to help people to grow and learn as Christians. through mutuai support and care. Service- The Church exists io be a good neighbour to people in need and to challenge injustice. Ev$ngelism - The Church exists to make more followers of Jesus Christ. Our Mission #nd Our Aims Mickleover Methi)dist Chllreh'5 mission is to develop a church family which is contitiually growing in Christian faith, worship and outreach so that all may know the love of God through Christ. We achieve this as we commit Ourselves to God in spiritual growth through prayer and bible reading and stewardship Of time, talents and money. TO BE GOD'S PEOPLEEVERYWHEREEVER YDA Y
Mickleover Methodist Church Allnual Report alld Fillancial Statements for the year eded 31 August 2024 Our Regular ActivTrtie5 All are welcome to join iTh our activities whether ernber5 of the Church or not. When planning our activities. the Church Council and Church Stewards have considered the Charity Commissioners guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. Our regular charitable a¢tivilies are.. Promotion of Christiallity through diverse worship and other events for all age5. The teaching of Christianity throuaJ sermons. courses, and small groups. Activity and fellowship groups for our ¢hurch community. Caring for our church members and community including visiting th¢ sick and bereav¢d. Promotion of Christianity through the staging of ¢veDts and services for all age$ Providing a space for non-church Community activities Supporting local UK and overseas charities Working with other churches in Mickleover Preschool (OFSTED registered) Young people's activÈties including Scouts, Cubs, Beaver5 ond Girl's Brigade Volunteers In order for all the Chureh's activities to take place we rely on. and are indebted to, the work of everyone who undertake these tasks voluntarily. There are appn)xim8tely 40 volunteer5 (mostly over 70 year5 of age) Working throughout the church to ensure its activities are effectively. efficiently ond Safely. OUR ACHIEVELIIEP4TS ON OUR PIUOIUTIES FOR 2023ll4 W¢ continue to follow our 5-year plan where we consider our prioritie5 under the Meth(15t Church Mission Plan teJnplat¢ and th¢ 4 aspects of Our Callin& Worship, Learning and Caring, S¢rvi¢e and Evangelism. Our building ha5 always b¢¢n a ¢¢ntre for both the church and th¢ wider ¢0Munity to Jn¢¢t. It has also b¢en a transitional year a5 we sought to find a r¢plac¢Tn¢nt minister. Our overnll goal for the next 5 years For all those inside and outslde the church to grow In the love of God and show that love by servlng the Community of Mickl¢over and beyond. l. By offering a wide range of worshipping opportunities that attract th0 inside and outsid¢ the church and help us to worship God in spirit and in truth This is wliul we have uchieved inyear 3 Continued with our Current policy of recording nuberS att¢nding ¢hurch 5¢rvi¢¢s. This has given us reliable eviden¢e for assessing a response to different initiative5 and indicates numbers attending worship are increasing. Continued with a pattem of worship of online and face to fate. Morning Worship and Comnkunion continue to be available in church. and on ZlK)m for those unable to attend worship in person. Motjthly evening communion service continues as does a monthly 'AII Age Worship.. Monthly Me55y Church for faTnilies and children continues to be a success. We coniinue to trial cafe worship on a quarterly basis. We also have more services led by our own local preacherthorship leaders io take responsibility for inclusive services with the younger people. Regular bi-monthly worship forum5 are open to all to explore all fonns of worship.
Mickleover MethodÈst Chureb Annual Report aThd Fillallcial Statements for the year ended 31 August 2024 OfferiThg a wide range of opportunities otber than worship to help those inside and outside grow in the lu)owledge and love of God Trls Is whal we have llchlevedimyear 3 Supported our young people who attended a youth weekend allowing them to explore their faith. Midiveek fellowship continues being more inclysiY¢ and subsequently numbers have increased House and Prayer groups continue on a weekly basis to allow individuals to explore and grow in their faith. Bereavement Courses continue to be well attended and widely advertised to the local Community 3. Our building to beeome a thriving Christian Community so that the people of Micldeover see the Church as a place of support, acceptanee arÉd lov¢ Thls Is what we 0Ve uclilevediiiyear 3 Held a church seryice which focused on our vision of becorning an Eco Church. Specifically encouraged our young people to be actively lllvolved in thi5 project. Volllnteers in the foyer OTr w¢¢kday mornings to welcome Preschool ehildren and carers, and those visitirtg for other activities. Weekly 'Little Micklers. sessions. a toddler and carers group continues as does a Small support group for new parents and newborn babies. "Coffee and Chat" whi¢h was foTinerly Funtime was resiarted &$ part of the Warni Welcome Initiative School holiday time family activities fftcluded muddy walk& picnics in the park and other activity sessions. Continue our commLmication with local families via our Facebook and websit¢ pages Provide support to Preschool allowing them to maximise ihe Sessions each week to meet the in¢rea5ed demand ft>r childcare. 4. God's peoplt to be equipped and challenged lo transform the world This is whal we have acliieved ipiyear 3 Changed our organisational structure to re¢Nit mor¢ Steward5 with a view to proytde more effective l¢#d¢hlP and to-ordinatÈon over the whole life of the Church. Monthly Charity collections continued Support for"Love in a box" clStmaS shoe box appeal operated by Team$4U. Easter trails around Mickleover for the young proved to be a success. Participated in Christmas carols in the community 'Our Mickl¢over' Christmas Fair Displayed posters and leaflets outside church and in the foyer to advertise our work within lh¢ community. Redesigned our iYebsit¢ to make it more 8ppealints and easier to navigaie for users The Church ivas success1 in fdltLg a new ister from September 2024.
Mickl¢ov¢r Methodist Church Annual Report and Financial Statements for the year ended 31 August 2024 PIUOIUTIES FOR 202412S Act10115 for year 4 of our 5 year plAn Develop our worship and Learning Opportunities Enable the young people to be part of leading church services at specific times of the Christian Calendar. Develop the inclusive Church theme Develop a learning opportunity for those in Churrh Develop our work with ihe community Hold a celebration event for all the group5 who use our premises. Bereavetnent course to continue and offer at least two new progr3m]nes Create and deliver an outreach plan for the two new housing estates in Mi¢kleov¢r BuÈld partnerships with Derby City Council's Area Co-ordinators, schools atid other groups to initiatelsupport 4 n¢w community inÉtiative. Getternl Review and build the effectiveness of the governan¢e of the Church including the stewards team, Churrh CouncTI etc_ Build better ecumenical links in Mickleoyer. Work with the whole Church to develop a vision for "Mickleover Church in 2025" D¢velop aD implementation plan.
Mickleover Methodist Church Annual Report and Financial Statements for the year ended 31 August 2024 FINANCIAL REVIEW The year in question has seen our iThcome increase significantly over the year due to the success of the Presehool offering increased sessions each week and running close to capacity throughout the year. We are also indebted to our members generous giving that the (kfi¢it on rh¢ general account at the year-end (before accounting for depreciation) was a5 expted. In addition, the increased us¢ of our pretnises by community organisations m¢8n5 a signifEcant footfall on our PreiseS and provides an increased atnount of rental in¢om¢. Income trends The Statement of Financial A¢tiviti¢s shows t(Trtal incoming resources of £284.2k, a SFnall decrease of approximately 1.8•/o on th¢ previous year. Most areas Saw a drease in income CQTnpared to the previous year although a stnall nUber showed an incre2Lse. Income frotn weekly offertoiies and Gift Aid income tgt8lled £77. Ik which equates to 27.1 % of the total income and represents a 5.9/0 decrease in personal giving on the previous year. This due to a decrease in tnember5hip through death or people moving away. As a Charity registered for Gift Ai¢ we received approximaiely £14.4k from the Inland Revenue for all donation5 and regular giviug tlyough the Gift Aid scheme. Income for offerings and regular giving is mainly through onthly standllhg orders and the Weekly envelope scheme with appmximately 96.P/o of the total giyen in this way. The rental income of £39k was received from all sources including the hire of the church halls to various groups and individuals in the community. This represents an increase of 8.3 /0 on the previous year. Income from the two cottages that the Church Council manage contributed £1 1.7k of the total income from lettin . ExpeDdÈture trends The greater part of the income has been used to make payment of £63.5k to the Derby Circuit for our proportion of the Circuit Assessment. This is an increase of £4k on last year and was agreed by the Circuit to help churches as the financial consequences of the pandemic works out. It equates to approximately 20.90/0 of our total costs. A significant amount of the Circuit assessment IS Used to pay the District ass¢ssm¢nl, stipends and related costs to Ministers. The other significant expenditure now relaÉe5 to the salaries (Trf the Preschool staff. In 202Y23, the payroll costs amounted to £109.9k. The other expenditure ¢overs the running costs of the local church and the5¢ hay¢ enabl¢d u$ to meet the financial commitments of carrying out its charitable obj¢ctives. There is a deficit in funds of £19.6k for the year although this does include £14.9k for depreciation of the ortsan and other equipment. The total fund balance now stsnds at £1.895k of which £61.9k is for restricted funds. Fund balances As at 31 August 2024 the net CUnt assets of the Church were £89.6k which is more than sutTIcient to provide four months, cover for expenditure. The restricted net current assets of th¢ Church at 31 August 2023 w¢r¢ £61.9k ¥iving approximately six month's ¢ov¢r for ¢xpenditure. Plalls for 2024125 Church fanCIal plans for the coming year have been prepared on the basis of an averdg¢ of the previous three years subject to any specific anomalies within those figure5. Any specific items planned for the coming year have also been incorpordted into the fu¢1a1 plan.
Mickleover Methodist Church Anllual Report and Financial Statemellts for the year ended 31 August 2024 R¢5erve$ Policy Th¢ Church Couttcil has considered the level of re5¢rve5 which should be maintained withiti the Charity and this will be reviewed annually. Such reserves are needed for each fund to cover working capital. the risk of possible shortfalls in charitable incom¢ and other conling¢ncies. The General Fund is required to Meet our contribution to the Derby Circuit for ministerial stipellds, our current mission and outreach plan5 together with the nomial running expenses associated with the church. Personal giving plus tax recovered from Gift Aid and income from lettings is suffjcient to meet our contribution as our shar¢ of th¢ Circuit Assessmeni and general null)ing costs of the premise5. It is our policy, if funds allow, ¢0 retain reserves of: _ £55k which ¢quat¢s to 4 months working capital £3.2k for the depreciatiOD of ¢quipment over the next three years £2.5k retained in the Legacy and Cottages Fund for special projects £IOk to cover the shortfall in employment costs for l year for a Children & Families Worker £14.3k for major Tepairs to the Church and two cottages owned by the Church. £3.3k to cover any potential redundancy costs This reserve policy will be reviewed on an annual basi& There is a fi]rther £61.9k held in other restricted fullds ivhich will be used according to their designation.
Miekleoyer Methodist Church Annual Rtport and Firtaneial Statements for the year ended 31 August 2024- Continued REFERENCE AND ADMINISTRATIVE INFORMATION NAME OF CHARITY Mickleover Methodist Church CHARITY NUMBER 1128907 DATE OF REGISTRA TION 31 March 2009 PRINCIPAL OFFICE ADDRESS Mickleover Methodist Church Siation Road Miekleover Derby DE3 9GH Tel.- 01332 735052 EMAIL mick.meth2@gmail.com WEBSITE v/ww.mickleovemiethodist.org.uk The members of the Mickleover Methodist Church Council are the Charity Trustees. membership being made up of ¢huteh offi¢e holders, Minister and representatives appointed at the Annual Church Meeting. A full list of Church Council members and key lay employees are showTr on page 9 of this report. TREASURER Mr Ray Forey The Treasurer acted 18 the principal officer overseeing the day-to-day fmancial management and accounting for the Church during the year. 4DEPENDETr4T EXAMINER MT JaTne$ Liptrott FCA TC Group Chartered Accountants Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA BANKERS HSBC PIC I St Peter's Street Derby DEI 2AE C¢ntrdl Finan¢¢ Board of the Methodist Church 9 Botthill Street London EC2A 4PE
MÈckleover Methodist Church Annual Report and Financial Statements for the year ended 31 August 2024- continued Members of the Church Council- Officers, Advisors and Lay Workers Position Appointed by MinTSteTS Rev Tracey Harris Rev Dr. Stuart Bell Chatrman Chainnan Ex-officio {from Sept 2024) Ex-officio {until August 2024) Marilyn Bagworth Ray Forey John Spray Dot Thompson Secretary io Church Council Treasurer Treasurer Secretary to the P&storal team Church Council Church Council (from Sept 2024) Chur¢h Council (until August 2024) Church Council Church Stewards Marilyn Bagworth ArLna Forey Janet Patmore Viv Richard Phil Royle John Spray Dot Thompson Janet Tristram Church Steward Church Sieward Church Steward Church Steward Church Steward Church Steward Church Steward Church Steward ACM ACM ACM ACM (Resigned Nov 2023) ACM ACM ACM (until August 2024) ACM Safeguarding Officers Meryl Spray Michelle Woodcock Safeguarding Officer Safeguarding Officer Church Council Church Council Other Mernbers Peter Nelson Aubrey Morris Mike Bagworth lan Clark MaTgarei Clark Adam McLoughlin Pam Morgan Margaret Vincent Sue Atherton Vacant Richard Morgan Anna Forey Sally Levitt Margaret Clark Ri¢hard Morgan Dot Thomp50n Circuit Steward Ex-officio (until Augllst 2024) Circuit Steward Ex-officio (from September 20241 Church Member ACM Church Member ACM Church Member ACM Chureh Member ACM Churth Member ACM (until May 2024) Church Member ACM Childret] & FaTnilies Worker Management Church Council Ecumenie21 OtTi¢er Church Council Health & Safrty Representative Church Council Vestry Team Representative Church Council Secretary to the Business Team Church Counci Preschool Management Representative Church Council Scout Group Representative Church Council Girls Brigade Representative Church Counci The position of Ecumenical Officer is now vacant. ACM- Annual Church Meeting io
Mickleover Methodist Chr¢b Annual Report and Financial Statements for the year ended 31 August 2024- CODtiDued STRUCTURE, GOVERNANCE AND MANAGEMENT GovernÉ Document Mickleover Methodist Church 15 a registered Charity (registered clmrity no. 1128907) and is governed by the Deed of Union (1932) and MethodEst Church Act (19761. It is one of eighteen Methodist Churches that form the Derby Circuit which in tum is part of the Nottingham & Derby District and is a150 accountable Éo the Methodist Conference. The registered Charity is a subsidiary of the Methodist Church of Great Britain (Registered Charity no. 1132208). Or anisational Strueture The members of the Church Council are the Managing Trustees of the Charity and are Te5ponsible for the aims and objectives of the organisaiion. St delegates areas of its work to the Church Stewards with the help of the Pastornl and Business Teams. The responsibilities of these teams are= Church Stewards - J(iini4y respon.Yible, wilh ihe minister in pasloral charge, lo give leadership co- ordination over the whole range of¢he lrfe andaCIlty ofÉhe chttrck Pastoral Team - R&fponsiblefor ondprovid&f inforina¢ioK to ike Chmrch Coiincil on all aspects of core and well-being ofullpeople (Lrsociotediviih the ehEirch. Business Team- RaypoF7siblefor andadvises the Chiirch CoiincTI on all mallers relating tofIan¢1I conlrol, health andsafery adprOperty iNaKagemeAt. Eleetlon an intment of Officers The Church Couneil consists of the following ex-officio officers: Two active Circuit Ministers, The Church Stewards, The Church Treasurer. The Secretary of the Pastoral Team. The Secretary of the Church Council meeting, And one Ciwuit Steward {appointed by the Circuit). In addition. th¢ Annual Church Meeting (ACM) appoirtts between six and fifteen members to the Council. The Church Council Itldy appoint a maximum of fifteen rther persons to ensure that all areas of the church's life are adequately r¢pr¢s¢nt¢d and in particul that, wherever possible, young people ore included in its membership. The Chair of the Chureh Coun¢il is appointed by the Superintendent Minister of the CircuiL and is usually the Minister given pastoral charge of the Church. All offJ¢e holders and members of the Church Council ar¢ appointed aT)nually, and may sCe for a maximum of six years. This limit may be extended if it would otb¢nvis¢ b¢ impossible to adequately fill an essential office. A list of members of the Church Council ts shown on page 9.
Mickleover Methodist Church Annual Report and FiD4ncial Statements for the year ended 31 August 2024- contined Trustee Trainin A range of guidance produc¢d by Methodisr Conn¢xion to support the effective running of the chur¢h and the role of the TNstees 15 given lo the Church Trust¢es at various meetings and training sessions. Risk Mana emenl The Church Council oversee5 the strdtegi¢ risk of the organisation with operational risk assessment and management beillg delegated to the Business Team. Risk control is exercised appropriately by members of the Business Team undertaking a forrnal r¢view of strategie and operational risks for the organisation. Risk management is encouraged into the organisation by the Busin$ Team coordinating the risk reviews and obtaining feedbaek from all users of the premises. The major risks have been identified and recorded by ihe tnjstees with professional advice taken as required. There is a gUlar annual revi¢w prore55 undertaken and recorded. Income and expenditure is monitored ill total and is compared with the approved annual budget on a quanerly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves. ardin Every person has a valll¢ and dignity which comes directly from the ¢Teation of male and feale in God's own image and likenes5. Christians see this potential as fulfilled by God'5 re-creation of iti Christ. Among other things ihis implies a duty to value all people as bearing an im48¢ of God and iherefore io protect them from hami. Many ¢hildren and adults use the premises by attending the activities organised by the church and various external organisations. With this in mind, Mickleover Methodist Church has adopted the M¢thodist Connexional practice to safeguarding which outlines commitment to the following principles'.- The care and nurture of, and respectful pastoral ministy with, all children. young people ond adults The safeguarding and proiection of all children, young pe(>ple and adults when they are vulnerable Th¢ establishing of safe, taring communities which proyide a loving envirorjment where there is infonn¢d vigilance as to the dangers of abuse We will carefully select and train all those with any responsibility withiD th¢ church, in line with Safer Recruitment principles, including the use of crimiEI records disclosure5 and r¢gistration with the relevant vetting and barrinu schemes. We will respond without delay to eyery cotnplaint made which suggests that an adult. child or young per50n may have been hamied. cooperating with the police and local authority in any Investitration We will seek to work with anyone who has suffered abus¢, developing with them an appropriate ministy of infornied pastoral care. We will seek to challenge any abu5¢ of power, especiAlly by anyone in a position of tN5t We will seek to offer pastoral care and suppor¢ including supervision and referral to the proper authorities. to any member of our church community known to have offended against a child. young person or vulnerable adult. tn all these principles we will follow legislation, guidance and recognised good prdctice Our safeguarding policy is updated and approved annually and ts matged by the safeguarding officer5 appointed by Church Council. 12
Mickleover Methodist Church Annual Report And Financial Statements for the year ended 31 August 2024- continued Related arties The following organisations are an integrnl part of this chllrch:_ 149th Derby Beaver, Cub and S¢out group (Sponsored organisation> IO, Derby Girls Brigade Company Mickl¢over Methodist Pre-school Tuesday Fellowship Group Little Micklers Childrens Group STATEMENT OF TRUSTEES, RESPONSIBILITIES The TNstees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practi¢e. The law applicable to charities in England and Wales, th¢ Chariiies A¢t 2011, Charity (Aceounts and Reports) Regulations 2008 and the provision of the frusi Deed require the Trustees to prepare financial statements for each financial year which give a trne and fair view of the state of affairs of the Charity and of the incoming resource5 and application of resources, in¢luding the income and expenditure of the Charity for the financial year. In preparing those fanCIal statements, the Trustees are qUIred to: Select suitable accounting policies and apply them consistently; Observe the method$ and principles in the appropriate tharities SORP. Make judgements and ¢stimate5 that are reasonable and prndet)t. State whether applicable accounting standards have been followed. subject to any material d¢partures that n)ust be disclos¢d and explained in the financial statements- and Prepare the financial statements on the going concern basis unless il is inappropriace to presume that the Charity will continue in operation. The Trust¢¢s are responsible for maintaining the proper aecounting records, which disclose with rea50nabl¢ accuracy at any time the financial position of the Charity and to enable them to ensur¢ that the financial Statements comply with the Charitles Act 201 l. Th¢y are also responsible for safeguarding the assets of the Charsty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepad in accordanee with the Ststement of Recommended Pra¢ti¢e,' Accounting and Reporting by Charities. On beliaifof the Trustees-Rev Tracey Harris Treasurer- Ray Forey .Dale 13
Ind¢pendent Examiner's Report to the Trusttts of Mickleover Methodist Chureh I report to the Trustees on my examination of the accounts of the Mickleover Methodist Church {The Trust) for the year ended 31 August 2024. R¢5ponsibilities and Basis of Report As the Chariry Trustees of the Trust, you aTe responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'th¢ A¢t'). I report in respect of my examination of the Trust's accounts ca1¢d out under section 145 of the 2011 Act and in carrying out my examination I have ft>llowed all the applicable directions given by the Charity Commission under section 145(5Xb) of the Act. Independent Exam5ner's Ststement I have completed my examination. J confirm that no material rnatter5 have come to my attention in connection with the examination giving me cause io believe that in any rnaterial Tespect.'- Accounting records were not kept in respeci of the Trnst a$ 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 applscable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requtrement that the a¢Gounts give a 'ttue and fair view. which is not a matter considered as part of an ind¢pend¢nt examination. I have no concerns and have come across no other matters in connection with the examination to which att¢ntion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jame5 Liptrott FCA TC Group Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingha NG9 8AA Date.. 14
Mickleover Methodist Church Statement of Financial Activities For The Year Ended 31 August 2024 Totil Funds Total Funds Unrestricted Funds Restritted Funds Unrestricted Restricted Fund5 Funds 2024 2023 Note INCOMING RESOURCES DonatlODS and Legacies Chariittblt Activiti¢5 21al 21bl 21cl 21cl 84.827 44,574 3,564 1.665 2,325 137.215 87,152 181,789 84,784 47,421 3.501 139,770 88,28) 187,191 2.795 Invesimet)I In¢otn¢ Invcstmcnt Property Inu)me 2,795 11,665 TOTAL INCOMING RESOURCES 144.630 139,540 284 170 146,2¥0 143 271 289,551 EXPEP4DITURE Expenditure on Charitable Activities 31al-3{bl 165.285 138,505 303.790 168610 135.219 303.829 TOTAL EXPENDITURK 165,285 138.505 168610 135,219 303,829 Net gains (losses) on irtvesiments assets- unrealised NET INCOMEIEXPENDITURE {20,6551 1.03) 119.6201 122,330) 8,052 (14,2781 Transfer Between Funds Net Movcmcnt in Funds (20.6i5) 1.035 119.6201 122.3301 8,052 (14.2781 RECONCILIATION OF FUNDS Total funds brought foWard 1.853,489 60,876 1.914,365 1.875,819 52,824 1,928,643 TOTAL fuNDS CARIUED FORWARD 1,832.8M 61.911 1,894.745 1853,489 60,876 1.914.365 15
Mickleover Methodist Church Balance Sheet as at JA August 2024 Note Restricted Unre5trictcd Funds Vunil$ 2024 2023 FIXED ASSETS Tangible Fixed Assets Fixed Asset Investments 1,497,412 1,497,412 1,512,335 247,000 247,000 247,000 1,744 412 1744 412 1759.335 Total Fixed Assets CURRENT ASSETS Sundry Debtors Investments Cash at bank and in hand 45 71,646 26,923 57,242 8,868 20,968 128,889 27,015 111,517 Total Current Assets 187.050 182.990 CREDITORS.. Amounts falliT)g due within one year Sundry Creditors 3,411 (3,411) NET CURRENT ASSETS 89,622 151533 156 830 TOTAL ASSETS LESS CURRENT LIABILITIES 61.911 1834 034 1895,945 1,916 165 CREDITORS Amounts falling due after more than one year 1.200 NET ASSETS 61.911 1832,834 1,894.745 1.914 365 REPRESENTED BY FUNDS Unrestricted funds General Iksignated 1.533.046 1,560,889 299,788 292,599 61,911 60,877 Restri¢ted funds TOTAL CHARITY FUNDS 1894 745 1914 365 l. Ltr-,2S Approved by the Church Council on ........................-........... and signed on its behalf by- Rev Tracey Harris- Chaimian i J.Horfi E< -¥¢*. Mr Ray Forey - Treasurer Dated - S . 4-. LS The notes on pages 16 to 22 form PaT¢ of these financlal statements 16
Mickleover Mcthodist Church Notes to the Finanelal Statements for the year ended 31 August 2024 I. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with Statement of Recommended Practice.. Atcounting and Reporting by Charities preparing their accounts in ac¢ordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021, and the Financial Reporting Standai'd applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless othetivise stated in the relevant accounting policy note. The ehurch con5Èitutes a public benefit entiry as defined by fRSIO2. The Tru5t¢es' consider that there are no material uncertainties about the church's ability to continue as a going concern. The fmancial statements are presented in sterling (£). Fullds Unrestri¢ted fid5 r¢pr¢sent the funds of the Church that are not subject to any restrtctions regarding their use and are available for application on the generdl putposes of the Church. These n)ay in¢lude funds designated for a particular purpose by th¢ Church. The purpose of any restricted funds is noted in tbe a¢wunts. The accounts only includ¢ transa¢tioll& assets and liabiliiies for which the Church ¢an b¢ held responsible. Incoming Resources Volwilary incojne andcapilfzl sources Collections and regular giving are recognised when received by or on behalf of the Church. Itt¢ome tax r¢¢ov¢rable on covenanted or gift aid donations is reco.unised when claimable. Grants to the Church are accounted for when received as soon as th¢ Church is notified of its legal entitlement. the alnount due is quantifiable and its ultimate receipt by the Church is reasonably ¢ertain. Funds raised by social and similar eveDts are accounted for gros5. Oiher ordinary income Rental income from the letting of church premises is accounted for when the hiring takes place and also for two properties oivned shown as Fixed Asset Investments. For legacies, entitl¢rnent is taken as the earlier of.. the date on which the charity is aware that probate has been granted- the estate has been finalised and notifi¢aiion ha5 been made by the executorfsl to the Trust that a distribution will be made., or when a distribution is received from the estate. Re¢eipt of a legacy, in whole or in part, is only considered probable when the 8mollnt can be measured reliably and the ¢harity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Charity or the charity is aware of the grantino of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. 17
Mlckleover Methodlst Chureh Noteg to the Flnxnelal Staternents for the year ended 31 August 2024- tontinued Donated Servi¢¢$ and F#cilities Donated services and fa¢ililieg are recognised as income when the Charity has control over the item, any condition$ 2ssoeiat¢d with th¢ donated item have been met. the receipt of economic benefit from the use by the Charity of the item is probable and that economi¢ benefit can be measured reliably. On receipL donated services and facilities are Te¢ognised on the basis of the value of the gift to the Charity which is the amount the charity would have been willing to pay to obtain services or fa¢iliti¢s of equivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of re¢¢ipt, where thi5 ¢an be quantified. Inctsmefrom ¥eSteIK Interest on funds held on deposit is included when Te1Vable and the amount can be measured reliably by the charity., this is nortnally upon notification of the inter¢5t paid or payable by the batth. ReolEsedgains ond lossÉ.¥ Realised gaitis or loss¢s are r¢cognised when investmeTrts are 501d and are calculaied as the difference betwe¢n sales proceds and the pr¢vious year end market value. Unreali5ed gains or losse5 are accounted for on revaluation of investsnenis at their year end arket values. Resources Expended Expenditure is recognised on an acc]uals basis as a liability is incurred and in¢ludes V AT where appropriate, which cannot be recovered. This is reCOlSed when a liability is incurred or a Constructive obligation arises that results in th¢ payment being unavoidable. Gtving Ordnts and donations are accounted for when paid. CosÉs direcifj) relaled fo ihe work of fhe church Th¢ Church assessment is accounted for when payable and any amount unpaid at the year end is shown as a ¢r¢ditor in the Balan¢¢ Sheet or debtor should the amount be paid in advance. Irr¢¢overable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. Fixed A55¢ts L(¥nd ond biiildings Land and building5 held on behalf of the Church for its own pUose$ are shown at ctsst. No dcpr¢ciation is charged on land and buildings as the residual value is believed to be higher than liistorical cost. Previously the assets ivere held at a revalued amouni, these are now shown at C05t and thi5 has iesulted in a r¢valuation adjustment. EqtiipmeF71 andotherfixtur¥s ttndfiltings Equipment Used for church purposes is d¢preciated as follows.'_ Organ- over 10 year peri AV Equipment- over a 5 ytrar period All other equipment- 259/0 reducing balance lllvestments Two properties at 34 and 30 Station Roal Mickleover, Derby- these ate not depreciated and are included at fair value as unrestricted assets. 18
Miekleover Methodist Church Notes to the Financial Statements for the year ended 31 August 2024- continued PeDSiOll costs The church operates a defthed contribution pension scheme wiih Standard Life. Contributions payable to the church pension scheme are cbarged in th¢ p¢riod to which they relate. Debtors & Prepayments Debtors includes outstanding letting invoice in August. Creditors Creditors includes outstanding item relating to utilities and services payable after the year end date supplied before that date. Creditors and provisions are nornially recoonised at their settlement amount. Finaneial Instruments The Charity has financial assets and fmancial liabilities of a kind that qualify as basic flnancial iDstruments. Basic fu]ancial instrllm¢nts are initia]ly recolsed at transaction value and subsequently Meted at their settlement value. Judgements &nd Key Source5 of Estimation Uncert&lnty The preparation of accouDts using generally accepted accounting principles requires management to make e5tiEnate5 and assumption5 that affect the reported amounts of assets and labilities at the date of th¢ a¢counts and the reported amounts of Tevenues and expenses during the reporting period. The k¢y e5timat¢s and a55UmPtions used in the Financial Statements are deiailed in the accounting policies. Unrestricted Restricted Total Funds Funds Funds 2024 Total Funds 2023 2. INCOMING RESOURCES 2{a) DoR8ted In¢orne- Voluntary Collections and regular giving Gift Aid recoverable Donations (National 2nd Local} Total Donations and Legacies 60,377 14.396 10.054 84,8?7 2,325 62,702 14,i96 10.054 87,152 65,196 16,703 6,386 88.285 2.325 2(b) Cross Income from events and a¢tiviti¢$ Other Income- Internal Or(Tanisation Fund Raising Event5 Lettings Income Sundry and Legacy Income 136.189 1,026 136,189 3,812 26,334 138,693 3,381 2.786 15.454 44.574 137.215 181,789 187.191 2(c) Inve5trnent In¢orn¢ Bank inter¢5t Investment Property Inconie 3.564 3,564 2,795 15.229 15.229 14,075 TOTAL INCOMING RESOURCES 144.630 39.540 284.170 289551 Lettin income- is used solely to enhance the a¢tiviti¢s of the church and its objectives. Trustees aggregate giving for the year toralled £24,7(M) {2023.. £27,295). 19
Miekleover Methodist Church Notes to the Financial Statements for the year ended 31 August 2024- continued 3. RESOURCES EXPENDED Unre&tricted Restricted Totsl Funds Fund5 Funds 2024 Total Fulkds 2023 31AI Glvlng Connexiottal Funds 1.625 1.62) 1,625 1.625 1.625 3(bl Direetly rtlattd to the work of tbe Churth Circuit Assessm¢nls Iniemal Organisation Insurance and Utilities Propcrty Rxpendiiure Otfice and other costs Salaries Depreciation 63,517 63,517 11,373 11,581 34,424 29,268 137,079 59.516 22,059 8,996 46.280 15,706 134.723 14.924 11.373 549 11.032 34.424 12,572 27.192 16,696 109,887 163,660 138505 302,1(A 302,204 Totol Resources Expended 165285 J38,505 303.829 Other costs include the Independent Examination fee of £795. 4. TANGIBLE FIXED ASSETS Freehold Land and Buildings Equipment Totsl Cost At I September 2023 Additions At 31 August 2024 1,475,000 120,962 1,595,962 1,475,000 120 962 1595 962 Deprviation At I September 2023 Charge foE Year Disposa]s At 31 August 2024 83,627 14,923 83,627 14.923 98.550 98.550 Net Book Valut At 31 August 2023 At 31 August 2024 1,475,000 1,475,000 37,335 22,412 1,512,335 1,497,412 The freehold land and buildings comprise the land and property at Station Street, Mickleoyer. The Church building and the cottage are currently insured for £3,555,257. A revaluation in 2017 reduced the vdue of the land nd buildings to the original cost. S. CREDITORS: AMOUNTS FALLING DUE A ER MORE THAN ONE YEAR 2024 2023 Church of North India Partnership 1.200 1.800 The chur¢h has committed to support the training of a Presbyttr in the Church of North India. a commitment of £600 for 4 years whith started in 2013114. Repayments commenced in 2023. 20
Mickleover Methodist Church Notes to the Fiti#n¢i#l Statesnents for the year ended 31 August 2024- continued 6(0} Investment Properties Two properties at Station Road, Mickleover, tkrby. DE3 9GH Nth34 No. 36 Total Valuation as at 24 August 2016 undertaken by Graham Penny. 142,000 105,000 247.000 The properties have not been depreciated as they are beld as inve5ttn¢nt assets. 6(b) Investments The funds that support the various fvnds are held by TMCP in Trustee5 Interes¢ Fwjds on which interest is credited to the ac¢ounts each month. These are regarded as medium and long term inve5tment5. TMCP is the legal owner and Custodian TNstee of all Methodist Model Trust Property, iDcluding legacies, Endowments and Accumulated funds. Trust Property is held for and on behalf of local Ma8)ftg Ttee$ who are responsible for the day lo day management of ttusi property. TMCP ensure that, through providtng guidance and acting wider th¢iT direction. the Managing Trustees comply with Charity Law and Methodist Law and policy as deiemiined by the Methodist Conference. 7. Fund Details Key.. R- Res¢ri¢fedlrtcome Funds, UR- Urtric1edFUv£ Year Ended 31 August 2024 Fund Bglante5 Brought Forward Fund BAlances CarrÈtd Forward Fund N¥me5 Type Purpose Rtstrittions Income Expethditur¢ Tr*nsfer5 Provide outreach and mtssion and TRaintain the building PTQI'id¢ oulr¢¢ich to children of Micklcover Funds held in memory of loved on¢5 Upkeep of ¢ottages oNTrm¢d by the Church Providc rclicfio ihe poor and disadvantdged Rclief of poverry and distr¢$5 in th¢ poor Providt care and 5UPPOrt io the ¢ld¢rly support ofyoung children and their carets Provision of leamitt& develepment and car¢ for childr¢n Provides caFC and %upport to ihe women of the Chur¢h Provide fellowship for th¢ community at l&r8e Help girls become followers of Christ Total Funds General Fund 1.560.889 115.552 140.658 (2,7681 1.i33,046 Children & Familics Worker UR 14.383 21,024 6.641 L¢ga¢ie5 UR 3.373 3,01)0 13,8731 2,500 Cottagcs Fund UR 289,226 11,665 3,603 297,288 Ext¢mal OrganisatjOll5 2,325 1325 Ben¢volent Fund 35 24 Cote & Chat 384 384 Little N4i¢kl¢r5 174 642 637 178 Mi¢kleover Meth Preschool 57.848 131.825 131.345 58,328 Tu¢sdaJ' Fellowship 1,965 1,073 Wesley Guild Iolb Derby Girls Brigade 1.697 1,914.365 2.308 1,894,745 284 170 303.790 Desi nated Fund Balance There are two accounis set aside for specific use. these are:_ Legacies Donation Cottages (see note 6(a)) 2,500 297,288 299,788 21
Mi¢kleover Methodist Church Notes to the Financial Statements for the year ended 31 August 2024- continued Y¢ar Ended 31 Amgust 2023 Fund Balances Brought Forward Fund Balan¢e5 Carried Forward Fund Names Type Purpose and Re5triction$ Ineome Expenditure Transfer5 ProvTde oulrcach ènd mission d mainiain the building Provide outreach lo chtldrcn of Mickl¢ov¢r Funds held in memory of loved oncs Upkeep of cotLqg¢s owned by the Church Provide relief to the poor and disadvantaged Reltef of poverty and distre55 the PtsOT Pmvide Ca and 5UPPOrt to the ¢ld¢ily Support of young chtldT¢n and their ¢arers Provisiort of learnin& developm¢rtt atld car¢ for children Provides Carc and support to th¢ Ivomen of the Church Provide felloivship for the community at large Help girls b¢¢otn¥ follower5 of Jesus Chris¢ Total Fuud$ General Fund 1.389,115 118,013 141892 13,3471 1,560.889 Children & Families Worker 16.633 19.980 3.347 Legacies 2.745 628 3,373 Cottages Fllnd UR 283,958 11.oos 5.737 289,226 External OrBanisations 3,501 3,501 Benevolent Fund 35 35 Coflce & Chat 268 268 Littl¢ Micklers 225 809 174 Mi¢kl¢over Meth Preschool 49.211 135,112 126,475 57,848 Tuesday Fellowship .053 1.834 1.764 123 Wesley Guild 320 320 10 Derby Gir15 Brigade 1,748 289,5)] 2,032 303,829 .697 .914.365 1.928.643 ANALYSIS OF NET ASSETS BY Fur Totsl FuDds 2024 Totsl FndS 2023 Unr¢5tricted Restricted Fund5 Year Ethd¢d 31 August 2024 Fixed Awts Curtent AssetslLiabilitie5 Fund Balante 1.744.412 88.422 1.832,834 .744.412 150333 1.894.745 1,759,33i 155.030 1,914,36i Ytllr Ended 31 Augtrst 2023 Total Fllnds Total Fund5 2022 Unrestricted REstricted Funds Funds 2023 Fixed Asseis Curreni AssetslLiabiliti¢$ Fund Balattce .759.335 94,153 1853 488 1,759,335 155.030 1.914J65 1.767,803 60,877 60,877 1.928.643 22
Mickleover Methodist Chllreh Note5 to the Financial Statements ror the year ¢nded 31 August 2024- continued 9. STAFF COSTS Total 2024 Total 2023 Wages and salaries Pension costs 133,074 130,988 137079 IJ4 723 The average number of staff employed during the year wer¢ 10 {2023'. 9). of those 3 are within the pcnsion scheme. No employee earned £60,000 p.a or more. No Trustees Ichurch Coun¢il mernbeTS rKeived or is due to receive any expenses or remunerttion for the year. There are no related party transa¢tion5 to note. 10. PENSION CONTRIBUTIONS Mickleover Methodist Church contributes to the pension scheme an amount based on the employee's b&sic salary and ihe employees are required to make a minimum contribution. The Contributions for the year totalled £4,005 (2023.. £3,735) and there were no contributlODS Outstanding at the year end. Mi¢kl¢oveT Methodi51 Church had 4 a¢live members in the pension scheme at 31 August 2024. I I. RELATED PARTY TRANSACTIONS This Year Payrnents to related party during the year 2024 Payrnents to related party during the year 2023 Description of transaetion Name of related party Relationship Methodist Fund Donation 926 Flllld for Support of Presbyters & D¢awns Fund for Property All We Can Methodist Fund Donation 425 425 Methodist Fund Donation 500 500 Partner Donation 190 LWPT Parther Donation 375 537 Methodist Homes Partner Donatio 640 621 Action for Children Partner Donation 265 614 Mission in Britain Fund M¢thodi5t Fund Donation 115 12 World Mission Fund Methodist Fund Donatio 278 356 Susannah Wesley House Total Methodist Fund Donation 103 25 2,816 4,206 There are no other related party transactions. 23