Independent examiner’s report to the trustees of West Bridgford Methodist Church for the year ended 31 August 2021
I report to the trustees on my examination of the accounts of West Bridgford Methodist Church (the Charity) for the year ended 31 August 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting 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.
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 enable a proper understanding of the accounts to be reached.
......................................
John O’Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
06/04/2022 Date:…………..
| Notesto the |
GeneralFund | Designated Funds |
Designated Funds |
RestrictedEndowmentTotal | RestrictedEndowmentTotal | RestrictedEndowmentTotal | RestrictedEndowmentTotal | RestrictedEndowmentTotal | |
|---|---|---|---|---|---|---|---|---|---|
| accounts | (Unrestricted) | (unrestricted) | Funds | Funds | 2020-21 | ||||
| t | I | ||||||||
| lncome | |||||||||
| 1Offerings | 53,040 | 4,160 | 57,200 | ||||||
| 2Donations | 1?o1 | 55 | 1,348 | ||||||
| 3Giftaid | 10,671 | 650 | 44 aa4 | ||||||
| 4lnterest and investment income | 4 | 464 | 464 | ||||||
| 5lncome from investmenl properties | 5 | 47,724 | 47,724 | ||||||
| 6lntemaiorganisations | 6 | I ,917 | 1,9't7 | ||||||
| 7Other charitable income | 7 | 20,832 | 20,832 | ||||||
| 8Total income | 135,941 | 0 | 4865 | 0 | 140,806 | ||||
| Expenditure | |||||||||
| ICircuit assessmentor share | 77.532 | 77,532 | |||||||
| l0Grants and donations | J,5UU | 3,500 | |||||||
| 11Salaries and associated costs | B | 35,589 | 7,500 | 43,089 | |||||
| 12Prope(ymaintenance | 11 | 13,582 | 13,582 | ||||||
| 13 lnsurance. utilities etc | 12 | 10,540 | 10,540 | ||||||
| 14Depreciation | 0 | ||||||||
| 15Office expenses | 2,467 | 2,067 | |||||||
| 16Other expenditure | 13 | 6,056 | 265 | 6,321 | |||||
| 17 lnternal organisations | 6 | 1,970 | 1,970 | ||||||
| 18Total charitable expenditure | 150,83607,7650158,601 | ||||||||
| 19Gainsl(losses) on monetary investments | 0 | ||||||||
| 20 Gains/(losses) on investment properties 21 Netincomel(expenditure) |
-14,895 | 0 | -2,900 | 0 | 0 -,t7.795 |
||||
| 22 Transfers between funds | -210 | 210 | 0 | ||||||
| 23 Revaiuation gain on property | 14 | 310,745 | 3'!0,745 | ||||||
| 24 Netmovementinfunds | 295,640 | 0_ | -2,690 | 0 | 292,950 | ||||
| 25Total funds brought forward 26Total funds carriedforward |
7,398,574 7,694,214 |
35,000 35,000 |
7.395 4,705 |
0 | 7,440,969 7,733,919 |
| StatementofFinancialActivi | ties(SOF | A)forthe year ended31 | A)forthe year ended31 | August2020 | August2020 | August2020 |
|---|---|---|---|---|---|---|
| Notesto the |
Designated GeneralFund Funds |
RestrictedEndowmentTotal | ||||
| accounts | (Unrestricted)(unrestricted)Funds | Funds | 20'19-2A | |||
| I | f | |||||
| lncome | ||||||
| 1Offerings | 49,302 | 1,980 | 51,282 | |||
| 2Donations | z,164 | 2,184 | ||||
| 3Giftaid | 10,746 | 495 | '11,241 | |||
| 4lnterest and investment income | 4 AAE | 1,645 | ||||
| 5lncome from investment properties | 46,191 | 46,191 | ||||
| 6lnternalorganisations | 3,635 | 3,635 | ||||
| 7Other charitable income | 41,657 | 41,697 | ||||
| BTotal income | 155,400 | 2,475 | 't57,875 | |||
| Expenditure | ||||||
| ICircuit assessmentorshare | 77,332 | |||||
| 10Grants and donations | 3,500 | 38 | 3,538 | |||
| 11Sa!aries and related costs | 39,400 | 5,000 | 44,49O | |||
| 12 Propeity mainlenance | 38,828 | 38,828 | ||||
| 13lnsurance, utilities etc | 14,229 | 14,229 | ||||
| 14Depreciation | 0 | |||||
| "i5Office expenses | 2,585 | 2,585 | ||||
| 16Other expenditure | 6,982 | 6,S82 | ||||
| 17internal organisations | 3,812 | 3,812 | ||||
| 18Total charitable expenditure | 5,038 | 191,706 | ||||
| 19Gainsl(losses) on monetary invesiments | 0 | |||||
| 20 Gains/(losses) on investmeni properties | 0 | |||||
| 21Netincomel(expenditure) | 0 | -2,563 | -33,831 | |||
| 22 Transfers between funds | JO | 0 | ||||
| 230thergainslrevaluations | 78,749 | |||||
| 24 Netmovementinfunds | 47,493 | 0 | -2,525 | 0 | 44,878 | |
| 25Total funds brought forward | 7,351.171 | 35,000 |
9,920 |
7,395,091 | ||
| 25Total funds carriedforward | 7,398,574 | 35,000 | 7,395 | 0 | 7,440,389 |
| (ieneralFund | Llestgnatecl | Restflcted | Restflcted | Endowment | Totals | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (Unrestricted) | Funds | Funds | Funds | ||||||||
| Notesto the | (Unrestricted) | ||||||||||
| Aecounts | f | € | T | I | ! | ||||||
| Fixed Assets | |||||||||||
| Church building and otherproperty | 14 | 755A.2Ae | 7,550,208 | ||||||||
| lnvestmentproperties | |||||||||||
| Investments | |||||||||||
| Totalfixedassets | 7,550.208 | 7,550,20t | |||||||||
| CurrentAssets | |||||||||||
| Debtors andprepayments | 15 | 11,324 | 11.324 | ||||||||
| Loansbythe Churches | |||||||||||
| lnvestments with TMCP | '101,907 | 101,907 | |||||||||
| Central Finance Board Deposits | Zf,+OJ | 35,000 | 4,70t | 65.'168 | |||||||
| Cash at Bank and in hand | 12558 | 12,558 | |||||||||
| Totalcurrentassets | 151,252 | 35,000 | 4,745 | 1 | 90.957 | ||||||
| Currentliabilities | |||||||||||
| Creditors (due in under1year) | |||||||||||
| Iota,assefs,esscurrenttiabilitieslf | I | I |
4,70s1 | 7,733,s1 |
|||||||
| Iz,++o,gos | |||||||||||
| FundsoftheChurch | |||||||||||
| Generai Fund(Unrestricted) | 19 | 7,6*4,214 | 7,694,214 | ||||||||
| DesignatedFuncjs(Unrestricted) | io | s5oooI | |||||||||
| TatalUnrcstrictedF unds | 7,729,214 | ||||||||||
| Restricted Funds | 19 | 4,7051 | 4.745 | ||||||||
| Endowment Funds | |||||||||||
| Total Funds | 7,694,214135,0001 | 4,7051 |
7,733,919 |
| 4.lnterest & lnvestment income |
Unrestricted | Restricted | 2021 | za20 |
|---|---|---|---|---|
| f | € | f | ||
| CentralFinance Board | 12L | tzt | -7-71 | |
| Other-TMCP | 343 | 870 | ||
| Miscellaneous | ||||
| Total | 464 | 0 | 464 | L,645 |
| 6.lnternalOrganisations | OpeningBal ReceiptsPaymentsClosingBal | OpeningBal ReceiptsPaymentsClosingBal | OpeningBal ReceiptsPaymentsClosingBal | OpeningBal ReceiptsPaymentsClosingBal |
|---|---|---|---|---|
| f€f | f | |||
| Tuesday Group | 17600 | 176 | ||
| Sunday Coffee | 43000 | 430 | ||
| FairtradeStall | 840 | L,911 | 1.,970 | 787 |
| Total | L,446 | 7,917 | ').,970 | 1393 |
| 7.Other Charitable lncome | Unrestricted | Restricted | 2A2L | 2024 |
| f | c | f | f | |
| Hireof churchrooms | 19,013 | 19,013 | 37,92t | |
| Parent&toddler | 0 | 0 | L,344 | |
| Miscelianeous | 1,8r-9 | 1,819 | -)L2,) | |
| Total | 20,832 | 20,832 | 4L,697 |
| 2021 | 2420 | |
|---|---|---|
| 9.PaymenttoTrustees | ||
| Payments madeto trusteesforadditionalservices provicledto theChurch | ||
| byagreement with theChurch Council Meetrng | nil | nil |
| No expenseswerepaidtoTrustees intheyear. | ||
| X0.Feesforexamination or auditoftheaccounts | ||
| rndependent examiner'sorauditors'fees forreportingontheaccounts | ||
| 672 | 670 | |
| otherfees (eg: advice, accountancyservrces)paidto the independent | ||
| examineror auditor | ||
| nil | nil | |
| 11.PropertyExpenses | ||
| Maintenance | 1 111 /,/tz |
14,772 |
| Refurbishment | ||
| 0 | 16,44A | |
| Cleaning | l'?2.a | 7,006 |
| Miscellaneous | 1,536 | 610 |
| 1?(01 | 38,828 | |
| 12.Utilities,insuranceetc | ||
| lnsurance | 6,270 | q7ro |
| Utilities | 4,210 | 8,500 |
| 10,540 | 14,229 | |
| 13.Other Expenditure | ||
| Worship Materials | 998 | 393 |
| FIats-Commission/Fees | 3,1,74 | 4,964 |
| FIats-lnspection,/Certification | 508 | 610 |
| Other TotalGeneralFund |
1176. 6,056 |
1,015 6,982 |
| BenevolentPayments | 265nil | |
| TotalRestrictedFunds | 265nil |
| Cost orvaluation | ||||||||
|---|---|---|---|---|---|---|---|---|
| Other | ||||||||
| fixed | ||||||||
| Church (non | Other non | Investment | assets | Paymentson | ||||
| investment) | investment | properties | including | Fixtures, | accountand | |||
| landand | landand | (landand | motor | fittingsand | assetsunder | |||
| buildings | buildings | buildings! | vehicles | equipment | construction | Total | ||
| f | E | E | f | E | f | E | ||
| Balancebrought | ||||||||
| forward | 7,239,463 | 1,239,463 | ||||||
| Additions | ||||||||
| Revaluations(+/'-) | 370,745 | 7r | ||||||
| )isposals(- | 0 | |||||||
| Transfers*(+/-) | ||||||||
| Balance carried | ||||||||
| forward | 7,550,208 | 0 | 0 | 0 | C | 7,550.208 | ||
| ransfers*(+/-) | ||||||||
| Net book value | ||||||||
| Brought forward | 1,239,463 | 1,239,463 | ||||||
| Carriedforward | 7,550,208 | 7,550,208 |
| Unrestricted | Unrestricted | Restricted | 2021 |
|---|---|---|---|
| General | Designated | ||
| f€ | |||
| 7,550,20t | 7,550,208 | ||
| 151,252 | 35,00c | 4,705 | L90,957 |
| I,Z+E | 1,246 | ||
| 7,694,2L4 | 35,00c | 4,105 | 1,733,9!9 |
| General | Designated | |||
|---|---|---|---|---|
| f{ | ||||
| Tangiblefixedassets | J,239,46 | 7,239,463 | ||
| Currentassets | 168,982 | 35,000 | 7,395 | 211,377 |
| Current liabilities | -9,871 | -9,871, | ||
| Total netassets | 7,398,574 | 35,000 | 7,395 | 7,440,969 |
| Fund Name | opening | lncome | Expenditure | Transfers | Revaluation | Closing |
|---|---|---|---|---|---|---|
| Balance | sains/losses | Balance | ||||
| Generalfund | 7,398,574 | 135,941 | -150,836 | -1tL | 310,745 | 7,694,214 |
| Designated- | ||||||
| unrestricted | ||||||
| Fund Name | Opening | lncome | Expenditure | Transfers | Revaluation | Closing |
| Balance | sains/losses | Balance | ||||
| PropertvFund | 35,00c | 35,00c | ||||
| RestrictedFunds | ||||||
| fundName | Opening | lncome | Expenditure | Transfers | Revaluation | Closing |
| Balance | eains/losses | Balance | ||||
| lenevolent | 50( | 55 | -264 | 2LC | 50t | |
| YouthWorker | 6,89: | 4,87t | -7,50( | 4,701 | ||
| i | ||||||
| t | ||||||
| C | ||||||
| I,394 | 4,86! | -7,76! | 71"t | 4,tol |
| EndowmentFunds | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| testrictedFund | Opening | lncome | Expenditure | Transfers | Revaluation | Closing | |||
| Uame | Balance | gains/losses | Balance | ||||||
| t | |||||||||
| t | t | t | t |
| This | |||||||
|---|---|---|---|---|---|---|---|
| Nameof related | Relationship | Descriptionof | lncome | Payments | Loansto/ | Amounts | |
| party | transaction | from | torelated | (from) | owedby | / | |
| related | party during | related | {to)related | ||||
| partydurin€ | the year | partydurint | partyason | ||||
| theyear | the year | 31-Aug- | |||||
| ,fi'ra | |||||||
| f | f | f | f | ||||
| methodist | |||||||
| MHA | organisation | donation | |||||
| methodist | |||||||
| Ail WeCan | organisation | donation | 7,326 | ||||
| Missionin | metnodrst | ||||||
| BritainFund | organisation | donation | |||||
| funo ror | |||||||
| Supportof | |||||||
| Presbyters & | methodist | ||||||
| Deacons | organisation | donation | 50c | ||||
| luno lor | rethodist | ||||||
| Property | organisation | donation | 1,00c | ||||
| World Mission | rnethodist | ||||||
| Fund | :rganisation | Conation | |||||
| Vlrsslon | |||||||
| rlongsidethe | methodist | ||||||
| foor | organisation | donation | |||||
| fotal | 0 | 2,826 | 0 | 0 | |||
| Last | |||||||
| Nameofrelated | Relationship | Descriptionof | lncome | Payments | Loansto/ | Amounts | |
| party | transaction | from | to related | {from} | owedby | / | |
| related | partydurin€ | related | {to}related | ||||
| the year | partyason | ||||||
| the year | the year | 31-Aug- | |||||
| f | € | f | € | ||||
| methodist | |||||||
| MHA | organisati0n | Jonation | |||||
| methodtst | |||||||
| Ali WeCan | organisation | donation | 1,962 | ||||
| Missionin | methodast | ||||||
| Brita;nFund | crganisation | donation | |||||
| I-undtor | |||||||
| Supportof | |||||||
| Presbyters & | methodist | ||||||
| Deacons | organisation | oonation | 500 | ||||
| Fundfor | methodrst | ||||||
| Property | organisation | donation | 1,00c | ||||
| WorldMisslon | rnethod ist | ||||||
| Fund | irga nisation | Conation | |||||
| Mission | |||||||
| Alongside the | methodist | ||||||
| POor | organisation | donation | |||||
| Cotgrave | |||||||
| Methodist | methodist | ||||||
| Church | organisation | donation | |||||
| Total | 0 | 3,462 | 0 | 0 |