2022-08-31-accounts - West Bridgford Methodist Church

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THE METHODIST CHURCH

REPORT AND ACCOUNTS

(ACCRUALS BASIS)

for the year ended 31 August 2022

WEST BRIDGFORD METHODIST CHURCH

Registered Charity - Registration number: 1129000

Nottingham South Circuit No: 22/02

Minister

Rev M Roberts

Church Stewards

Mrs KD Hobdell

Mrs I Milburn Mrs S Bramall Mr C Rayner Miss FV Lewin Mr J Cook

Church Treasurer

Mr C Morrey

WEST BRIDGFORD METHODIST CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2022

Introduction

The Trustees present this annual report reflecting on our achievements during the year and plans for this coming year.

Aims and organisation

We are here to:

Increase awareness of God's presence and to celebrate God's love;
Help people to grow and learn as Christians, through mutual support and care;
Be a good neighbour to people in need and to challenge injustice;
Make more followers of Jesus.

Review of the year

This has been a year of consolidation and recovery for West Bridgford Methodist Church following the easing of restrictions due to the coronavirus pandemic. A full programme of service and events has been possible, although the church continues to be mindful of the ongoing risks of Covid.

The church has continued to meet for worship on a Sunday, with this remaining the main weekly meeting of the church. We have been blessed by the number of new people who have joined the congregation in the past year, as well as those who join through the live stream. It has also been a joy to be able to increase the numbers taking part in leading worship, whether that be in music or other aspects, as restrictions have eased. This year we have also had many special services, and it was a particularly special to be able to fully celebrate Christmas and Easter in the church buildings once again.

All the church’s regular activities have now resumed, including the successful relaunch of the Toddler group as the Toddler Time café. Each week the church runs activities including community cafes, fellowship groups, activities for those living with memory loss, bible studies, prayer meetings, knitting and singing groups and activities for children and young people. The Faith and Light groups for adults with learning difficulties continue to meet monthly. The church also continues to host a wide variety of community group on its premises and we work hard to try to ensure that the premises are safe and attractive. Many people consider this to be ‘their church’ even if they never attend worship on a Sunday.

As a church we are mindful of our responsibilities in the wider world. We continue to support many local, national and international charities and make regular donations of food and other things to the Friary drop in and the Meadows food bank. The church has also made considerable progress towards Ecochurch registration.

The church is reliant upon its members and friends to sustain its life. We are so grateful to those who have given to the church, in time and energy and money, and to those who pray for us.

WEST BRIDGFORD METHODIST CHURCH

Income trends

Church income is primarily drawn from the Sunday collections, standing orders and Gift aid tax credit, room lettings paid by the church organisations / external users of the building and rent from the flats.

Offerings and tax credits relating to the envelope scheme and the weekly collection plate were similar to those received in 2020-21.

The room lettings income relates to the hire of the church, halls and other rooms to various groups in the community. This source of income was significantly higher than in 2020-21 due to the re-opening up of the facilities post COVID-19 restrictions and is back to its previous levels. Income from rental of the 8 flats was slightly higher than last year as occupancy levels were higher than expected.

Expenditure trends

The major expenditure item incurred is in relation to the assessment paid to the Nottingham South Circuit. This amounts to 45% of our total cost a higher percentage than usual as other costs were still impacted by the COVID-19 restrictions.

A significant amount of the Circuit assessment is used to pay the District assessment, stipends and related costs to Ministers. In addition, lay employees’ salaries are paid by the circuit but recharged to the church, these accounted for 19% of total costs.

The other significant expenditure items are maintenance on the church buildings and flats which account for 17% of the total and utilities accounting for 9%. Maintenance was lower than in previous years but the increase in utilities costs has had a partial year impact.

The overall result for the year was a net income position much better than budget due in the main to higher income levels from room bookings and lower spends particularly on the flats.

Fund balances

As at 31 August 2022

the working capital fund (net current assets) of the Church were £60,608 although there is also £60,000 (less £20,000 agreed holding amount for flats refurbishment) in the flats reserve which forms part of the general fund and is available for general distribution.

The church also holds several other funds to cover specific expenditure categories with minimum holding levels agreed by the Church Council. Plans are in place over the medium term to utilise these funds for specific purposes agreed by the Church Council.

Further information on these funds, transactions in year and closing balances can be found in Note 18 to the accounts.

WEST BRIDGFORD METHODIST CHURCH

Plans for 2022-2023

The church has plans to be part of the Great Big Green Week in the Autumn of 2022 with the aim of achieving its first Ecochurch award during the year. During 2023 the church will be spending time working on the aims continued within its purpose statement with a number of events in the process of being planned.

The church has prepared its financial plan on the assumption that restrictions will not be reintroduced and that income will be broadly similar to last year. However, there is now a backlog of maintenance to be addressed and with utility costs showing significant increases the budget for the year has been set at a challenging breakeven position.

Finance and Governance

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31 August 2022 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRSSE) 2015.

Registration Charity Number: 1129000

Date of registration: 3rd April 2009 Main communication address: Musters Road West Bridgford Nottingham NG2 7PQ

The members of the West Bridgford Methodist Church Council Meeting are the Charity Trustees, membership being made up of Church office holders, Minister and representatives appointed by the Church at the Annual General Meeting, and a Circuit Steward.

Full list of Church Council members and key lay employees are shown as Appendix A to this report.

Treasurer : Mr Chris Morrey

Mr Morrey acted as the principal officer overseeing the day to day financial management and accounting for the church during the year.

Independent examiner : John O'Brien CA Plus Units 1 & 2, North West 41 Talbot Street Nottingham NG1 5GL

WEST BRIDGFORD METHODIST CHURCH

Bankers: HSBC plc 8 Victoria Street Westminster London SW1H 0NJ Investment Bankers: Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ

Aims and organisation

We are here to:

Increase awareness of God's presence and to celebrate God's love;
Help people to grow and learn as Christians, through mutual support and care;
Be a good neighbour to people in need and to challenge injustice;
Make more followers of Jesus.

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of The Methodist Church;
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church.

Main activities

Worshipping God through prayer, song and other acts of worship;
The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike;
The teaching of Christianity through sermons, courses and small groups;
The resourcing of pastoral work including visiting the sick and bereaved;
Taking religious assemblies in local schools;
Promotion of Christianity through the staging of events and services;
Promotion of the whole mission of the church through activities for older people, parents and toddlers and other specific need groups;
Supporting other charities in the UK and overseas financially and with prayer.

WEST BRIDGFORD METHODIST CHURCH

Public Benefit

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Structure, Governance and Management

The governing document for the church is the Deed of Union (1932) and Methodist Church Act (1976).

Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Day-to-day management of the church is undertaken by the Church Leadership team along with the Minister.

The Trustees are appointed at the AGM of the church and by the Church Council with the Circuit appointing a Circuit Steward in an Ex Officio capacity. Ministers are appointed by the Methodist Conference.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the church, specifically the leaflet "The Role of a Trustee in The Methodist Church" and the Charity Commission Booklet "The Essential Trustee", is provided to new Trustees as induction to their role as Trustees.

Related Parties

The church is part of the Nottingham South Circuit which is part of the Nottingham and Derby District and is also accountable to the Methodist Conference.

The Internal Organisations linked to the church are; Sunday Morning Coffee and the Fairtrade Stall.

Risk Management

The major risks relating to property matters have been identified and recorded by the Trustees with professional advice taken as required. There is a regular annual review process undertaken and recorded.

The church and its buildings are insured with Methodist Insurance who undertake periodic surveys, an output of such is a risk management report. The latest survey took place in November 2016 and the risk management report was acted upon during 2016-17.

Income and expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves. Furthermore a five year forward look is being prepared and will be reviewed annually by the Church Council, this is a key part of the church’s financial strategy in managing the financial risk.

WEST BRIDGFORD METHODIST CHURCH

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.

Methodist Connexional practice outlines commitment to the following principles:

The care and nurture of, and respectful pastoral ministry with, all children, young people and adults;
The safeguarding and protection of all children, young people and adults when they are vulnerable;
The establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse;
We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes;
We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation;
We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care;
We will seek to challenge any abuse of power, especially by anyone in a position of trust;
We will seek to offer pastoral care and support, 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;
In all these principles we will follow legislation, guidance and recognised good practice.

The West Bridgford Methodist Church commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The West Bridgford Methodist Church commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

Reserves Policy

Unrestricted Funds

General Fund: Bal: £60,608 Target level £65,000

The aim is to hold a minimum sum equivalent to £65k or roughly 6 months’ average expenditure. The current level is below this following the years results, however, as agreed by the Church Council the flats fund will be utilised to cover the shortfall as necessary. No change is expected for 2022-23 with a break-even position being budgeted for.

General Fund: Flats: Bal: £60,166 Target £20,000

Two former manses now comprise 8 flats producing around £40,000 of gross rental per annum. A target level of £20,000 is considered adequate to meet normal annual overheads including refurbishment needs.

WEST BRIDGFORD METHODIST CHURCH

The present balance is above target level due to high occupancy levels generating increased rental income, however, an on-going programme of refurbishment is in place and the general fund above will be making significant calls on this reserve. After funding these activities, any surplus will then be deployed to top up the Property Fund which is unlikely to be sufficient for on-going maintenance work.

Legacy Fund: Bal: £35,908 No target level set

This unrestricted fund arises from bequests made to the church with no conditions attached as to how the Church Council can utilise the monies. A target level is not considered appropriate for this Fund.

Designated Fund: Property : Bal: £35,000 Target level £35,000

The church and schoolroom buildings are substantial, and this designated fund was established to meet any major periodic expenditure, which cannot be met from the annual repairs/maintenance budget. During the year no expenditure was incurred.

Restricted Funds

For transparency and information only, we also hold 2 small Restricted Funds:

Youth Worker: Bal: £5,305 No target level set

Benevolent: Bal: £500 Target £500

WEST BRIDGFORD METHODIST CHURCH

Approval

The Trustees’ Annual Report was approved by the West Bridgford Church Council on the 1st March 2023 and signed on its behalf by:

Signature:

Name: Rev M Roberts Ms Fiona Lewin Position: Chair of the meeting Secretary

Date: 1[st] March 2023

WEST BRIDGFORD METHODIST CHURCH

Appendix A

CHURCH COUNCIL MEMBERSHIP & KEY LAY WORKERS

MINISTER

Rev M Roberts

LAY WORKERS Mrs H Roberts Mrs J Everett Miss A Watterson

CHURCH STEWARDS

Mrs KD Hobdell Mrs I Milburn Mrs S Bramall Mr C Rayner Ms FV Lewin Mr J Cook

CHURCH SAFEGUARDING CO-ORDINATOR

Mrs YK Mellor

CHURCH REPRESENTATIVES (OTHER MEMBERS OF THE CHURCH COUNCIL)

Mrs S Anbarasu Mr A Harris Mrs G Cook Ms C Detain Mr M Hodgkins Mr J Heard Mrs ME Heard Miss J Lingard Mrs IM Milburn Mr C Morrey Mrs S Morrey Mrs A Nicholson Mr S Nicholson Mrs J Rayner Mrs MC Siefken Mrs M Thurston Mr JH Thurston Mr M Blackburn Ms B Siefken

CIRCUIT STEWARD REPRESENTATIVE Mr P Johns

WEST BRIDGFORD METHODIST CHURCH

Independent examiner’s report to the trustees of

West Bridgford Methodist Church for the year ended 31 August 2022

I report to the trustees on my examination of the accounts of West Bridgford Methodist Church for the year ended 31 August 2022.

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

Date:………….. 22.03.2023

WEST BRIDGFORD METHODIST CHURCH

Church No 1129000

West Bridgford Methodist Church

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

	Notes to			Designated
	the	General Fund		Funds	Restricted	Total
	accounts	(Unrestricted)		(unrestricted)	Funds	2021-22
		£		£	£	£
Income
1 Offerings			50,644		5,100	55,744
2 Donations			3,186			3,186
3 Gift aid			12,719		1,000	13,719
4 Interest and investment income	4		830			830
5 Income from investment properties	5		49,955			49,955
6 Internal organisations	6		2,863			2,863
7 Other charitable income	7		58,700			58,700
8Total income			178,897	0	6,100	184,997
Expenditure
9 Circuit assessment or share			77,532			77,532
10 Grants and donations			3,300			3,300
11 Salaries and related costs			27,502		5,000	32,502
12 Property maintenance	11		29,497			29,497
13 Insurance, utilities etc	12		15,327			15,327
14 Depreciation	14		0			0
15 Office expenses			2,430			2,430
16 Other expenditure	13		7,558			7,558
17 Internal organisations			3,075			3,075
18Total charitable expenditure			166,221	0	5,000	171,221
19 Gains/(losses) on monetary investments			0			0
20 Gains/(losses) on investment properties			0			0
21Net income/(expenditure)			12,676	0	1,100	13,776
22 Transfers between funds			0		0	0
23 Other gains/revaluations			943,876			943,876
24Net movement in funds			956,552	0	1,100	957,652
25 Total funds brought forward		7,694,214		35,000	4,705	7,733,919
26 Total funds carried forward		8,650,766		35,000	5,805	8,691,571

WEST BRIDGFORD METHODIST CHURCH

Church No 1129000

West Bridgford Methodist Church

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

	Notes to		Designated
	the	General Fund	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(unrestricted)	Funds	Funds	2020-21
		£	£	£	£	£
Income
1 Offerings		53,040		4,160		57,200
2 Donations		1,293		55		1,348
3 Gift aid		10,671		650		11,321
4 Interest and investment income		464				464
5 Income from investment properties		47,724				47,724
6 Internal organisations		1,917				1,917
7 Other charitable income		20,832				20,832
8Total income		135,941	0	4865	0	140,806
Expenditure
9 Circuit assessment or share		77,532				77,532
10 Grants and donations		3,500				3,500
11 Salaries and associated costs		35,589		7,500		43,089
12 Property maintenance		13,582				13,582
13 Insurance, utilities etc		10,540				10,540
14 Depreciation						0
15 Office expenses		2,067				2,067
16 Other expenditure		6,056		265		6,321
17 Internal organisations		1,970				1,970
18Total charitable expenditure		150,836	0	7,765	0	158,601
19 Gains/(losses) on monetary investments						0
20 Gains/(losses) on investment properties						0
21Net income/(expenditure)		-14,895	0	-2,900	0	-17,795
22 Transfers between funds		-210		210		0
23 Revaluation gain on property		310,745				310,745
24Net movement in funds		295,640	0	-2,690	0	292,950
25 Total funds brought forward		7,398,574	35,000	7,395		7,440,969
26 Total funds carried forward		7,694,214	35,000	4,705	0	7,733,919

WEST BRIDGFORD METHODIST CHURCH

1129000

West Bridgford Methodist Church

Charity No

Balance Sheet as at 31 August 2022

----- Start of picture text -----
General Fund Designated Restricted Endowment Totals 2022 2021
(Unrestricted) Funds Funds Funds
Notes to the (Unrestricted)
Accounts £ £ £ £ £ £
Fixed Assets
Church building and other property 14 8,494,084 8,494,084 7,550,208
Investment properties 0 0
Investments 0 0
Total fixed assets 8,494,084 8,494,084 7,550,208
Current Assets
Debtors and prepayments 15 16,545 16,545 11,324
Loans by the Churches 0 0
Investments with TMCP 87,092 87,092 101,907
Central Finance Board Deposits 50,477 35,000 5,805 91,282 65,168
Cash at Bank and in hand 16,553 16,553 12,558
Total current assets 170,667 35,000 5,805 211,472 190,957
Current liabilities
Creditors (due in under 1 year) 16 13,985 13,985 7,246
Total current liabilities 13,985 0 0 13,985 7,246
Net current assets/liabilities 156,682 35,000 5,805 197,487 183,711
Total assets less current liabilities 17 8,650,766 35,000 5,805 8,691,571 7,733,919
Long term liabilities
(due after more than one year)
Grants payable after 2019-20
Loans to the Church
Net assets 8,650,766 35,000 5,805 8,691,571 7,733,919
----- End of picture text -----

Long term liabilities (due after more than one year)
Grantspayable after 2019-20
Loans to the Church

*Net assets*		8,650,766 35,000 5,805			8,691,571
Funds of the Church
General Fund(Unrestricted)	19	8,650,766	35,000 5,805		8,650,766
Designated Funds(Unrestricted)	19		35,000		35,000
*Total Unrestricted Funds*					8,685,766
Restricted Funds	19			5,805	5,805
Endowment Funds
*Total Funds*		8,650,766 35,000 5,805			8,691,571

WEST BRIDGFORD METHODIST CHURCH

Notes to the Accounts

1. Basis of accounting

The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities applicable in the UK (effective from 1 January 2015) – the Charities SORP (FRSSE) – in replacement for the SORP’s 2005 version specified in its related 2008 Regulations and in accordance with the ‘true and fair override’ provision contained therein.”

The charity opted to adopt Bulletin 1 published on 2 February 2016 and therefore have not included a cash flow statement in these financial statements.

2. Funds

The funds held constitute: General Funds held for any purpose of the Church which are unrestricted. Restricted funds which are held for a narrower purpose. Details of each material fund are disclosed in note 18. Any funds may be represented by more than just cash.

3. Accounting policies

Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Church's financial position and activities.

FRS 102 These accounts are compliant with FRS 102 and with FRS 102 SORP 2015. SORP 2015

Income

Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out resources.

Grants

Grants made by the Church from its own funds are recognised in full at the time of agreement or when the Church accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Church is not VAT registered, all input VAT is charged with the expenses to which it refers.

WEST BRIDGFORD METHODIST CHURCH

Tangible fixed assets for use by the Church

These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown at cost and the difference between this and the insurance valuation is shown as revaluation reserve.

Investment Properties

Investment properties - a block of 8 flats form part of the church premises and net proceeds are held in a reserve, the utilisation of such is agreed by the Church Council.

Investments

Investments are valued in the Balance Sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments

Debtors include outstanding room lettings invoices in August.

Creditors

Creditors include outstanding items relating to utilities, telephones, etc in August.

4. Interest & Investment income	Unrestricted	Restricted	2022	2021
	£	£	£	£
Central Finance Board	355		355	121
Other - TMCP	475		475	343
Miscellaneous
Total	830	0	830	464

5. Income from investment properties

This represents rental income received from the letting of 8 flats which form part of the church premises.

6. Internal Organisations Tuesday Group Sunday Coffee Fairtrade Stall Total	Opening Bal Receipts Payments Closing Bal £ £ £ £ 176 0 0 176 430 426 753 103 787 2,447 2,322 912
	1,393 2,873 3,075 1,191

WEST BRIDGFORD METHODIST CHURCH

7. Other Charitable Income	Unrestricted	Restricted	2022	2021
	£	£	£	£
Hire of church rooms	57,420		57,420	19,013
Miscellaneous	1,280		1,280	1,819
Total	58,700	0	58,700	20,832

8. Salaries and associated costs

The church had 3 lay employees (1.75FTE) who are employed by the Circuit who then recharge the costs to the church. Their costs are shown under this category for transparency.

9. Payment to Trustees
Payments made to trustees for additional services provided to the Church
by agreement with the Church Council Meeting
No expenses were paid to Trustees in the year.
10. Fees for
examination or
audit of the
accounts
Independent examiner’s or auditors' fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent
examiner or auditor
11. Property Expenses
Maintenance
Refurbishment
Cleaning
Miscellaneous
12. Utilities, insurance etc
Insurance
Utilities
13. Other Expenditure
Worship Materials
Flats- Commission/Fees
Flats - Inspection/Certification
Other
Total General Fund
Benevolent Payments
Total Restricted Funds

2021
2021
£
£
nil
nil
672
672
nil
nil
15,127
7,712
0
0
10,855
4,334
3,515
1,536
29,497
13,582
6,512
6,270
8,815
4,270
15,327
10,540
245
998
5,313
3,174
0
508
2,000
1,376
7,558
6,056
0
265
nil
nil

WEST BRIDGFORD METHODIST CHURCH

14. Tangible Fixed Assets

Cost or valuation

Cost or valuation
	Church (non investment) land and buildings £	Other non investment land and buildings £	Investment properties (land and buildings) £	Other fixed assets including motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
Balance brought forward	7,550,208						7,550,208
Additions							0
Revaluations(+/-)	943,876						943,876
Disposals(-)							0
Transfers *(+/-)							0
Balance carried forward	8,494,084	0	0	0	0	0	8,494,084
Accumulated depreciation
Balance brought forward							0
Depreciation charge foryear(-)							0
Revaluations(+/-)							0
Disposals(-)							0
Transfers*(+/-)							0
Balance carried forward	0	0	0	0	0	0	0
Net book value
Brought forward	7,550,208	-	-	-	-		7,550,208
Carried forward	8,494,084	-	-	-	-		8,494,084

The "transfers" row is for movements between fixed asset categories.

** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the rate of depreciation: for straight line, depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is made each year.

WEST BRIDGFORD METHODIST CHURCH

15. Analysis of current assets and debtors

Debtors and prepayments Other debtors Total debtors and prepayments Trade Creditors Other Creditors Total Current Liabilities ent liabilities and creditors ent assets and debtors Prepayments Accrued income	2022 £	2022 £	2021 £
	921		785
	10,000		9,650
	5,624		889
	16,545		11,324
	£		£
	7,781		1,293
	6,203		5,953
	13,984		7,246

16. Analysis of current liabilities and creditors

17. Analysis of net assets between funds

Tangible fixed assets Current assets Current liabilities Total net assets

Unrestricted Unrestricted Restricted 2022 General Designated £ £ £ £	Unrestricted Unrestricted Restricted 2022 General Designated £ £ £ £	Unrestricted Unrestricted Restricted 2022 General Designated £ £ £ £	Unrestricted Unrestricted Restricted 2022 General Designated £ £ £ £
8,494,084			8,494,084
170,666	35,000	5,805	211,471
-13,984			-13,984
8,650,766	35,000	5,805	8,691,571

Unrestricted Unrestricted Restricted 2021

Tangible fixed assets Current assets Current liabilities Total net assets

General Designated £ £ £ £	General Designated £ £ £ £	General Designated £ £ £ £	General Designated £ £ £ £
7,550,208			7,550,208
151,252	35,000	4,705	190,957
-7,246			-7,246
7,694,214	35,000	4,705	7,733,919

18. Capital commitments and contingent liabilities

At the 31st August 2022 the Church has no capital commitments. No Contingent liabilities were identified at 31st August 2022.

WEST BRIDGFORD METHODIST CHURCH

19. Detailed analysis of individual fund movements

Unrestricted Funds

Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
General fund	7,694,214	178,897	-166,221	0	943,876	8,650,766
Designated - unrestricted
Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
PropertyFund	35,000					35,000
Restricted Funds
Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
Benevolent	500	0	0	0		500
Youth Worker	4,205	6,100	-5,000			5,305
						0
						0
						0
Totals	4,705 6,100 -5,000 0				0	5,805
Endowment Funds
Restricted Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance


						0
Totals	0	0	0	0	0	0

Fund purposes

Property (designated) ; To provide cover for any major repairs that may become necessary on the church buildings.

Youth Worker (restricted) ; Set up to provide coverage for this post from specific donations when the general fund cannot fully cover. Donations part utilised to cover costs and reduce reserve.

Benevolent (restricted) ; To provide funds to help members with special needs and support for emergency appeals.

Reasons for transfer between funds

No transfers were made.

WEST BRIDGFORD METHODIST CHURCH

20. Related party transactions

This year

This year
Name of related party	Relationship	Description of transaction	Income from related party during the year	Payments to related party during the year	Loans to / (from) related party during the year	Amounts owed by / (to) related party as on 31-Aug- 2022
			£	£	£	£
MHA	methodist organisation	donation		120
All We Can	methodist organisation	donation		485
Mission in Britain Fund	methodist organisation	donation
Fund for Support of Presbyters & Deacons	methodist organisation	donation		500
Fund for Property	methodist organisation	donation		1,000
World Mission Fund	methodist organisation	donation
Mission alongside the poor	methodist organisation	donation

Total			0	2,105	0	0

WEST BRIDGFORD METHODIST CHURCH

Last year

Last year
Name of related party	Relationship	Description of transaction	Income from related party during the year	Payments to related party during the year	Loans to / (from) related party during the year	Amounts owed by / (to) related party as on 31-Aug- 2021
			£	£	£	£
MHA	methodist organisation	donation
All We Can	methodist organisation	donation		1,326
Mission in Britain Fund	methodist organisation	donation
Fund for Support of Presbyters & Deacons	methodist organisation	donation		500
Fund for Property	methodist organisation	donation		1,000
World Mission Fund	methodist organisation	donation
Mission Alongside the poor	methodist organisation	donation
Cotgrave Methodist Church	methodist organisation	donation		0
Total			0	2,826	0	0

WEST BRIDGFORD METHODIST CHURCH DECLARATIONS Treasurer I conlimi that I have prepared the accounts from the records of the Church and that they include all funds under the control ol the Church Council Signature of Treasurer Dale 2013 Name Chris Morrey Address 11 Saunton close Etsknlton Nottingham NG12 4FE Presentatlon to the"Church Councll for approval. l ¢onfim that the Accounts were psented lo the Church Cotkncil on éls and apwoved. Signature of the Chair of the etIng Name of the Chaii of the rneeting Rev Mark Roberts 2013