HIGH STREEII METHODISTS High Street Methodist Church, Witney Annual Report Year ending Aug 23 Minlster's Report Someone once sald to me. "Gt)d moves at 3mph". The saylng makes me smlle, because it $u99eSts thal G(Kl rnoves at a steady walk. God doosn't spnnt. but nor does G(MJ cease to rTKwe. If Ihal sawng is tn￿, thgn th8 same should be said of hls church. It is when we move at the rMJht pace that we never f811 loo far b&hlnd to become irrelevant, yel nor do we scury forward eager to keep up with the fads of the day and forget who we truty are. In this report W8 vill celebrate Ihe steady walk of pro9r8ss in many areas ol d)urch. However, thère are also some areas of church life in which we have fallen behind arKI need to jog a bit to catch up. In particular l ihink in temis of invesbnent into Ihe bullding 8fKI the fesources viithin it. Yol al loasl this year wo started this p￿ceSS *ith Ihe Instalailon of thè now (Jjrtains and Ihe audlo-visual equipment in Ihe Y￿[ShIp area. how8vei. we rnusl coniinue lo invest into Ihe building so Ihal It remalns a W8lcome and hospltable place Ihal hs at the very heart of our communlty. In order to do this, we acknowledge Ihat we have also fallen behind financially from where we would like lo be. We are not in final￿la1 trouble. but rt is important to reccgnrJe thal we cannot keep spendlThJ more than we have money CA)mlng Sn, and wlth s￿h a need for Inveslment Into the bulldlng we really do need to find w8ys lo inntinue under each of these headings, before moving to property and finance. Whilst this report will cover a 9r￿ number of Ihe life of the ¢hur¢h, il thill not be the Complete picture. We are gralelul to everyone T*tho contribulos to the Itfo of the Church all to the glory of God. Worshlp In torms of our Sunday worship, nurnbo￿ romain Conslstont. wlth a s￿ght increase and there is a weknme trend in seeing the demc*Jraphic of the worshippers better reflecting the community in vthich we live, though wg are nol ygt ch)s8 to baing a fully representative churth. The w¢)rshlp group have d¢)ne a wond8rful job of leading us in $ung wwship and refi@ct￿nS this last year and il doos f901 like ther8 is a m8iuring of our corporate worship. In addition to this th8 worship planning group continue to bring Consistency from Sunday lo Sunday. as well as leading the church in soff W￿derful local arrangements. The floral aTraThJemenls continue to bring beauty lftto the Worship area, and we 8re grateful for that ministry. The stewards are doing a fabul¢xB ol brlThJiThJ a con￿Stent message of wekome and hospltalty. assisted by those welcoming on the do0￿. And of course. Th) seNice vnikl be possible with)ut the team Ihat faithlully operate the sound 8nd audio equlpmenl so that we can all particlpate in worship. Junk)r church has been tjoing so well and we are so grateful to the1è8dets and helpers who lalthfully disclple the chikjren and youth of the church. wÈth a particular highlight ￿ the whole year beirvj the engagement of the junior church in Ihe Chrislmas 8ervic65. There are of cour8e many more teams Ihat need our thanks, such as the y8yer team. the local weaclw8 who gve so much Ilme In weparatlon and dellvery, those that make cakes and serve refreshments, the blble readers. the communion stewards. the table hosts at calé church, and Soo Webgler who keeps us legal copynght. Leamlng and Caring The Pastoral VI￿10￿¥ wntinue to do a marvèllou$ lob In maklng sure that the Church activety supports Its mefflber5. Pastoral Visito￿ really are al Ihe heart of Church. and we would not be who we are blithout them. so don't forget lo thank y￿r pastoral visitor for what they do. E8¢h year we need to identrfy a few new pastornl vlsltors as others L￿ne to a point of needing to slep down. so rf Y￿ are beiNJ called to thls then please do speak to Anne Cravrfo￿ who so expertty heads up the t8am of p8$toral visitors. The church has 8 number of housg groups as ¥￿11 as additional small groups Ihat m8et on a Tuesday. Women's felltywship, w)st alpha groups that meet on a Wednesday arKI 8 worshlp nw thal happgns every other Thursday. li Is hoped thal we will 900n In¢￿ase the number of smau groups th8t exlst wlthln Ihe churth to even mor8 Ih8n11 was pre covhl. In doing so the church ¥Ylll ￿affim) Its ca)mmllJiient to the of18aming toggther In our falth, as w811 increase our levels of trlendsttip and care levels. Evangellsm The churth is not strong on EvarwJelisffl and relies upon 2 maln mini8tr1es for this purpose: alpha and the 6ch)ols exp8rienc88. The alpha conlnu8S to wn regularty and is fruilful, though not always In ways thal the main tKKty of the church wouhj see. Some ol the Alpha alumni att&nd worship nights or other churches, Whe￿ oth&r8 have grown but will need furth8r walaring ol the sgocl of farth. W8 are gralelul to Lhe Alpha team who dodiL* wogk after week lo run the course and must also fflenllon those who bake ￿kosl The schools experience conkn'nues to go from strength to strength. Rev Brenda Woods conlinues to oversee the programme but has built up a good team of leaders to suppjrt this, who are further supported In the delivery of the school experience by people from High St and other churches. The evKlenc8 ol the strength of the programme Is that every schcol koèps coming back again arKI agaln to hear the goLwJ news of Jesus Ihrwgh tha èxp6rl8nce programme. It really Is somethiry lo eletxatel Though an ecumenical projecl, the Tt)wn Centre Chaplaincy does come under the authortly ol the church councll. This outreach conts.nuos to do very well. with more chaplains iolnin9 the leam. Ther8 are a number of days wtr￿ there is r#)w a notable and ¢Mslstent Chaplaincy present in the community. This yaar has also seen the Introdudon of a chaplain￿ tent being ere¢i8d once a week In the town square, It would be good to see a few mcye members from High Stroet on the tearn. Service The ¢Antre point of the church is often the Mo8ting Place. This remains well used by the wblic and SUPF#Yted by a leam of volunteers that is headéd up by Margaret Mayc<)ck and Healher Davis, with some administrative support from David Limmw. Any prqect that a church invests iesources into. shoukl do more than jusl serve the communty, twt must do so from a dlstlnclly Chrlsti8n vlewwint. For the wthole of Ihlg financial year Ihe coffee bar h88 1)perate(l as a Warni space,, me8nlng thal anyon8 can corTr8 and get a hot drlnk, loasl. use the WiFi and sit somewhere wami and dry wIth￿t having to pay any of IL In addhllon to Ihls, Adam Noble has bfilliantly r*sod up 8 tearn of voluntoers that n Ser￿ a free C￿Munity m8al to anyone wtKb wishes to Partake on a Thursday evenhng. This me81 really th)es iyeate communty whlch Is so vltal for mental and physical heatth. It would be good to see more of the churth supportirwJ this woject by allendlng and gelting to know the cofflmunlty thai gaI￿r8 inside our building. In a¢jdIti(￿ to the coffe6 shop. the Dorc85 gfQUPS ¢ontlnues to a strong witness Io Ihe Kingdom values in the town. spe8king up for iustio8 as wdl 88 bdng unaFMJlog8b'c abC￿rt whntlng peoplg lo Jèsus. Anyone who tg interested In crafts should ¢￿S￿ler findlng out more about the Dorcas group and see they can help out! The thurch c£￿tinueS to run two very successful toddler group5 thal are Nn by Mary Wlllls and Sandra Robinson, Both groups are very well attended 8nd aro intentional about introducing both Ihe chikl and the gu8rdkn to bible storfes 8T￿ the hope Ihat is lound only In Jesus. Newland Chapol Newland Chapel continu88 io be very well attended each Thursday evening, and again once a monlh on a Sunday afternoon. Newland Chapel tends to be an e￿Men*¢al gathering and is a centre of excell8nc6 for what ti means to be a caring community. 11 really is the one church of Jesus Christ rnodelled v￿11. This year Dave and Shlrfey Rlchardson have stopped down from the role of leading the chapel. The lob thal they have done has been incredible arKI we want to give Speoal thanks and honouf them Ihe years and years of sor4ant1oad8rship that fil￿ed from hearts of love. Property The premi808 ojntinue to be well used ltsryjghout the whole week by Ix>th church and the Iccal community. We are pleased to have Wllney Food Revolution (a ftKyJ banklfood recycliry proi8Ct) uslng iwo of our rooms. Volunteor Link-up, tr COmff￿nIty Church arml Christians Against Povety (CAP) also have I)ffi￿ In buildings. Golden Threads la tailor) have 8 Ihree-year lease (vthich is due for fenewal later this year) on our shop unlt. We have lenants in the thurch fiat on ong-year tenancy agreement. Organisations as varied as Wl. Guid8s and Brownles. Probus, dance d868e8, keep fft, art classes, tc#ddlers' groups and Sllmming World regularly hire rooms. A large Trumber of U3A acb"vities lak8 place on our premlses. Our Worshlp Area Is used by the Wilney Music Socaety for monthly wintsr concerts, and other organlsati¢)ns hire it for one-off concerts and exhibitions. During the past year. we brought Cxlf f8dlltles In the Worship Area up to date with Dew audiolvisual system, and wo enhanced the decor wlth new curtalns. A COnSKlerdble part of this wcKk was funded by legacles, and we gratefulty remember ihose who gavg ihom. Mlnor bul necessary repairs to tha roofs boèn don8 durlng Ihe past year 8t cost of £4.5(Kl- rrrf)st of thss is for the scaffolding for access. Our qulnquennlal proporty inspfjdion is du818ter in 2024. Our gas and eloctrioty purchase contracts ai"dd- wces expire durlng 2024. The price of OUT electrKyty [￿t￿ed in February, and our gas contrad Is due for renewal In October. Maintalning our premises is a continual activity. with Man Friday volunteer5 and others doing a myriad of tasks. W8 giv8 thanks for all our staff and volunte8rs who handl8 bcrf)kings, clean, set-up rooms. maintain security and keep the t￿ilding and surrourKlings safe and welcoming. Keith Crawlord . Property Secrelary **Church Accruals Accounts 2022-2023** ## **THE METHODIST CHURCH** ## **REPORT AND ACCOUNTS (ACCRUALS BASIS)** ## **for the year ended 31 August 2023** ## **High Street Methodist Church, Witney Church** **Registered Charity - Registration number (if applicable)** **1129034** **----- Start of picture text -----**
Witney & Faringdon Circuit No 2303
Minister Rev Jason Cooke
Church Stewards Graham Beechey
Jane Heath
Janet Buckle
Helen WIlliamson
Linda Burbage
Church Treasurer Jonathan Miller
**----- End of picture text -----**
**Number** 1129034 ## **High Street Methodist Church, Witney** |**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**| |---|---|---|---|---|---| |
**Section A Statement of financial activities**|||||| |1
.
**Recommended categories by**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Incoming resources (Note 3)**
**Resources expended (Note 5)**
**Net income/(expenditure)**
**Extraordinary items**
**Transfers between funds**
**Other recognised gains/(losses):**
**Income and endowments from:**
**Expenditure on:**
Donations and legacies
Other trading activities
Investments
Other
Church Activities
Property
Other
Net gains/(losses) on investments
Gains and losses on revaluation of fixed assets for the charity’s own
use
Other gains/(losses)
Total funds brought forward
**_Total_**
**_Total_**
**_Net movement in funds_**
**_Reconciliation of funds:_**
**_Total funds carried forward_**|**Unrestricte**
**£**
F01|**Total funds**
**Restricted**
**Endowmen**
**Prior year**
**£**
**£**
**£**
**£**
F02
F03
F04
F05|||| ||93,952|33,043|-|126,995|108,296
89,588
148
3,960| ||105,014|-|-|105,014|| ||1,772|-|-|1,772|| ||4,361|-|-|4,361|| ||205,100|33,043|-|238,142|201,992| ||||||| ||156,299|765|-|157,064|146,127
38,510
12,161| ||54,582|-|-|54,582|| ||14,324|1,144|-|15,468|| ||-|-|-|-|-| ||225,205|1,909|-|227,114|196,798| ||||||| ||-
20,105|31,134|-|11,028|5,194| ||-|-|-|-|-| ||-
20,105|31,134|-|11,028|5,194| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-
20,105|31,134|-|11,028|5,194| |||||52,050
46,856|| ||34,642|17,408|-||| ||14,537|48,542|-|63,078|52,050| |||4,283|||| |||4,283|||| |||17,408|||| 1129034 ## **High Street Methodist Church, Witney** ## **Number** ## **Balance Sheet as at 31 August 2023** ## **Section B Balance sheet** |Signed by one or two trustees on behalf of
Guidance Notes
**Funds of the Charity**
**Fixed assets**
**Current assets**
**Debtors (Note 9)**
**amounts falling due**
**within one year (Note 11)**
**amounts falling due**
**after one year (Note 11)**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Tangible assets (Note 8)**
**Cash at bank and in hand (Note 10)**
**Provisions for liabilities**
**Endowment funds**
B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
**_Total net assets or liabilities_**
**_Total fixed assets_**
**_Total current assets_**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total funds_**
**Creditors:**
**Creditors:**|Signed by one or two trustees on behalf of
Guidance Notes
**Funds of the Charity**
**Fixed assets**
**Current assets**
**Debtors (Note 9)**
**amounts falling due**
**within one year (Note 11)**
**amounts falling due**
**after one year (Note 11)**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Tangible assets (Note 8)**
**Cash at bank and in hand (Note 10)**
**Provisions for liabilities**
**Endowment funds**
B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
**_Total net assets or liabilities_**
**_Total fixed assets_**
**_Total current assets_**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total funds_**
**Creditors:**
**Creditors:**|F01
**Unrestricte**
**d funds**
**£**|F02
**Restricted**
**income**
**funds**
**£**|F03
**Endowmen**
**t funds**
**£**|F04
**Total this**
**year**
**£**|F05
**Total last**
**year**
**£**| |---|---|---|---|---|---|---| ||B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|22,415|-|-|22,415|714| |||22,415|-|-|22,415|714| |||||||3,565
55,625| |||3,083|-|-|3,083|| |||27,372|17,408|-|44,780|| |||30,455|17,408|-|47,863|59,190| |||||||7,140
| |||7,198|-|-|7,198|| |||||||| |||23,257|17,408|-|40,665|52,050| |||||||| |||45,672|17,408|**-**|63,080|52,764| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||45,672|17,408|-|63,080|52,764| |||-||||| |||||-|4,283
14,537
-
-|-| ||||4,283|-||17,408
34,642| |||14,537||||| |||||||-| |||14,537|4,283|-|18,820|52,050| |||||||| |||Signature||Print|Name|Date of| |||||Rev Jason Cooke||| |||||Jonathan Miller||| |||||||| **High Street Methodist Church, Witney** **Number** 1129034 ## **Section C Notes to the accounts** ## **1. Basis of accoun�ng** Chari�es: Statement of Recommended Prac�ce (SORP) applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard for Smaller En��es applicable in the UK (effec�ve from 1 January 2015) – the Chari�es SORP (FRSSE) – in replacement for the SORP’s 2005 version specified in its related 2008 Regula�ons and in accordance with the ‘true and fair override’ provision contained therein.” ## **2. Funds** The funds held cons�tute: General Funds held for any purpose of the Church which are Unrestricted. Restricted funds which are held for a narrower purpose including those for internal organisa�ons. There are also the following Endowment funds as listed. Details of each material fund are disclosed in note 16 . Any funds may be represented by more than just cash. ## **3. Accoun�ng 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 posi�on and ac�vi�es. ## **Income** Income is included in the Statement of Financial Ac�vi�es (SOFA) when the Church becomes en�tled 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 construc�ve obliga�on arises, that results in the payment being unavoidable. Liabili�es are recognised as soon as an ou�low of economic benefit is considered more likely than not under the legal or construc�ve obliga�on commi�ng the Circuit to pay out resources. ## **Grants** Grants made by the Church from its own funds are recognised in full at the �me of agreement or when the Church accepts that there is a legal or opera�onal obliga�on 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. ## 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.. ## **Investment Proper�es** Investment proper�es - no property is currently deemed to not be held for the long term purposes of the charity. ## **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 revalua�on at the year end are shown in the SOFA. ## **Debtors and Prepayments** Debtors include outstanding le�ngs invoices in August. ## **Creditors** Creditors includeoutstandings rela�mng to u�li�es, telephones, etc in August. **High Street Methodist Church, Witney Number** 1129034 |**Section C**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**| |---|---|---|---|---|---|---|---| |
**Note 4**
**Donations and**
**legacies:**|
**Analysis of income**
**Analysis**
**Total**
**£**
**£**
**Total funds**
**Prior year**
**Unrestricte**
**Restricted**
**Endowme**
93,952
33,043
-
126,995
Collections
76,671
-
-
76,671
79,601
Gift Aid
14,452
-
-
14,452
17,418
Donations
2,829
33,043
-
35,872
11,277
Legacies
-
-
-
-
-
Grant from Circuit
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
108,296||||||| ||Collections|76,671|-|-|76,671|79,601|| ||Gift Aid|14,452|-|-|14,452|17,418|| ||Donations|2,829|33,043|-|35,872|11,277|| ||Legacies|-|-|-|-|-|| ||Grant from Circuit|-|-|-|-|-|| |||-|-|-|-|-|| |||-|-|-|-|-|| ||**Total**|93,952|33,043|-|126,995|108,296|| ||||||||| |**Other trading**
**activities:**
**Income from**
**investments:**
**Other:**
**TOTAL INCOM**|Lettings|98,671|-|-|98,671|86,426|| ||Coffee Bar|6,343|-|-|6,343|3,162|| ||Events Income|-|-|-|-|-|| ||Other|-|-|-|-|-|| ||**Total**|105,014|-|-|105,014|89,588|| ||||||||| ||Central Finance Board|1,772|-|-|1,772|148|| |||-|-|-|-|-|| |||-|-|-|-|-|| ||Other|-|-|-|-|-|| ||**Total**|1,772|-|-|1,772|148|| ||||||||| ||Collections for external organisation|597|-|-|597|732|| ||
Sundry Income|3,764|-|-|3,764|3,228|| |||-|-|-|-|-|| |||-|-|-|-|-|| ||Other|-|-|-|-|-|| ||**Total**|4,361|-|-|4,361|3,960|| ||**E**||||||| |||205,100|33,043|-|238,142|201,992|| |**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**Number**
1129034|**Number**
1129034|**Number**
1129034|**Number**
1129034|**Number**
1129034| |---|---|---|---|---|---|---| |**Section C**|**Notes to the**|**accounts (cont)**||||| |
**Note 5**
**Expenditure on**
**church**
**activities:**|
**Analysis of expenditure**
**Analysis**|
**£**
**£**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Endowme**
**nt funds**
**Total funds**
**Prior year**||||| ||Circuit Assessment|88,118|-|-|88,118|89,843
46,737
9,547| ||Salaries, NIC and Pension costs|59,310|-|-|59,310|| ||Grants and Donations|7,090|765|-|7,855|| |**Expenditure on**
**Property**
**Other**
**TOTAL EXPENDI**|Outreach/Mission*|1,780|-|-|1,780|-| ||||-|-|-|-| ||**Total expenditure on church**
**activities**|156,299|765|-|157,064|146,127| |||16,361
21,435
714
32,007
-
-
32,007
22,575
-
-
22,575
-
-
-
-||||| ||Mantenance of church buildings|32,007|-|-|32,007|| ||Utilities (insurance, heat light etc)|22,575|-|-|22,575|| ||Depreciation|-|-|-|-|| |||-|-|-|-|-| ||**Total expenditure on property**|54,582|-|-|54,582|38,510| |||||||| ||Sundry Expenditure|9,989|1,144|-|11,133|14,062| ||
Coffee Bar|4,335|-|-|4,335|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total other expenditure**
**TURE**|14,324|1,144|-|15,468|14,062| |||||||| |||225,205|1,909|-|227,114|198,699| * Outreach was classed as Sundry Expenditure in previous accounts |**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**Number**
1129034|**Number**
1129034| |---|---|---|---| |**Section C Notes to the accounts**||**(cont)**|| |
**Note 6 Details of certain items of expenditure**
**Note 7 Paid employees**
**Independent examiner’s fees**
**Assurance services other than audit or**
**independent examination**
**Tax advisory fees**
**No employees received employee benefits (excluding employer pension costs)**
**for the reporting period of more than £60,000**
**11.2 Average head count in the year**
**The parts of the charity in which the employees work**
**Other fees (for example: financial advice,**
**consultancy, accountancy services) paid to the**
**independent examiner**
**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**
**Other employee benefits**
**Total staff costs**
**Please provide details of expenditure on staff**
**Total**
**Fundraising**
**Charitable**
**Governance**
**Other**||
**This year**
**Last year**
**£**
**£**
**This year**
**Last year**
**£**
**£**
**This year**
**Last year**
**Number**
**Number**

420
420
56,453
44,457
2,513
2,043
344
237
-
-
59,310
46,737
-
-
-
-
-
-
3
3
3
3
**TRUE**|| ||
**ension costs)**|**This year**
**£**|**Last year**
**£**| |||420|420| ||||| ||||| ||||| ||||| |||**This year**
**£**|**Last year**
**£**| |||56,453|44,457| |||2,513|2,043| |||344|237| |||-|-| |||59,310|46,737| ||||| ||||| ||||| |||**TRUE**|| ||||| |||**This year**
**Number**|**Last year**
**Number**| ||**Fundraising**|-|-| ||**Charitable**|-|-| ||**Governance**|-|-| ||**Other**|3|3| ||**Total**|3|3| |**High Street Methodist Church, Witney**
**Number**|1129034| |---|---| |**Section C Notes to the accounts**|**(c**| ## **Note 8 Tangible fixed assets** ## **8.1 Cost or valuation** |**8.2 Depreciation an**
**8.3 Net book value**
****Basis**
**** Rate**
Additions
Revaluations
Disposals
Transfers *
At end of the year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at
the end of the year
At the beginning of
At beginning of the
Net book value at
the beginning of the
year|**£**
**Freehold**
**land &**
**buildings**|**£**
**Other land &**
**buildings**|**£**
**Plant,**
**machinery**
**and motor**
**vehicles**|**£**
**Fixtures,**
**fittings and**
**equipment**|**Total**
**£**|| |---|---|---|---|---|---|---| ||-|-|-|6,702|6,702|| ||-|-|-|22,415|22,415|| ||-|-|-||-|| ||-|-|-|-
2,580|-
2,580|| ||-|-|-|-|-|| ||-|-|-|26,538|26,538|| ||**d impairments**|||||| ||Straight Line|Straight Line|Straight Line|Straight Line|Straight Line|| |||||||| |||||||| ||-|-|-|6,702|6,702|| ||-|-|-||-|| ||-|-|-|-
2,580|-
2,580|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|4,123|4,123|| |||||||| ||-|-|-|-|-|| ||-|-|-|22,415|22,415|| |**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**Number**
1129034|**Number**
1129034| |---|---|---|---|---| |**Section C Notes to the accounts**|||**(cont)**|| |
**Note 9 Debtors and prepayments**
**Note 10 Cash at Hand and in Bank**
**Note 11 Creditors and accruals**
**Prepayments and accrued income**
**Other debtors**
**Total**
**Held at Bank**
**Held in Cash**
**Total**
**Trade debtors**
**Held at Central Finance Board**
**Amounts falling due**
**This year**
**Last year**
**£**
**£**
**Trade creditors**
**Accruals and deferred income**
**Other creditors**
**Total**
2,354
2,596
1,344
1,044
3,500
3,500
7,198
7,140||||| ||**k**||**This year**
**£**|**Last year**
**£**| ||||-|-| ||||-|-| ||||3,083.0|3,565.0| ||||3,083.0|3,565.0| |||||| ||||**This year**
**£**|**Last year**
**£**| ||||28,972.9|35,711.0| ||||15,193.7|19,579.0| ||||612.9|335.0| ||||44,779.5|55,625.0| |||||| ||**Amounts falling due**||**Amounts falling due**|| ||
**This year**
**£**|
**Last year**
**£**|
**This year**
**£**|
**Last year**
**£**| ||2,354|2,596|-|-| ||1,344|1,044|-|-| ||3,500|3,500|-|-| ||7,198|7,140|-|-| |**High Street Methodist Church, Witney**
**Number**|1129034|| |---|---|---| |**Section C Notes to the accounts**||**(cont)**| |**Note 12 Transactions with trustees and related parties**||| |**12.1 Trustee remuneration and benefits**||| |**None of the trustees have been paid any remuneration or received any other**|**benefits from an**|**TRUE**| |**employment with their charity or a related entity (True or False)**||| |**12.2 Trustees' expenses**||| |**No trustee expenses have been incurred (True or False)**||**_TRUE_**| ## **12.3 Transaction(s) with related parties** ||**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**||**_FALSE_**|**_FALSE_**| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||**Amounts**| ||**Name of the trustee**
**or related party**|**Relationshi**
**p to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**||**written off**
**during**
**reporting**| |||||||||**period**| |||||**£**|**£**|**£**||**£**| ||**Mission in Britiain**|**Fund of**|**Donation**|**650**||||| ||**Fund for Support of**|**Fund of**|**Donation**|**600**||||| ||**Fund for Property**|**Fund of**|**Donation**|**900**||||| ||**World Mission Fund **|**Fund of**|**Donation**|**850**||||| 1129034 DECLARATIONS Tr•xur•r corthmi IP4t thow •c¢rn41 Kc4unts fortr* y•qr 31 A￿Ult 2023 b*1 from tr rne4nl• Chwch ar41 th•t Ilxy i￿1￿• al bJTrJN MdwthDcontrol 4fth• Ct¥Jrth t<￿￿￿11 l m￿*￿8, I L••d•rntip QroLW'. 8TrJMlur• olTr•¥gnr 1&MAr44 Jw•th•) PrM•ntsllon lo th• church CoutKII lor •pprov•l. I that rwl Ir￿￿10 for Ih >wr ￿j?￿ 31 Aug 2023 w• th• Churth C￿1￿1 on S*n•tur• Nwn•dfv C*alrofihb n••tino Ind•p•nd•nt EX￿In#l* R•wtto th• Trytyl•M ofth• Hluh 8tr¢¢¢ Al•thtsdlst Chuvch Wll Thh the ftyts yw •r#l•J 31*Au ch￿￿h,# tnotaw ar* •MuriT4 that IM rgxrt •c¢tyJrtB fc¥th¢ y¢wto 31 AuLw•l 2023 fwr thlthe Chu￿1,? I￿1*￿•￿nd •xpwKllur• lor y•ar and cl •NI 1S•bilrt*• at tho dai•. Tho IrU*t￿ Ihat ￿ 8utht i¥ rx* rAcew brtlyi yw ur*a•r S•dknn 144 rfth• Chwii•kl 20111thé **nd•*•xwn*th)n * newjpd. e¥wln• tho 8¢count• u¥Kl•r 145 orth• ch￿￿•0 *&., 145(SMbl ol Ct*b￿ a¢*., •Thl P4uMI 1129J34 on w t￿Y *COTa•ru thB gw•r*¢*•tlErn tyth• Ch8rfty Con¥nlwbn. An In(*th*s 4 r*<•* c4th• wx¥Jnty th• 8 ¢)￿y¢*￿ o1th• *¥y pr•w*d dY•• In¥thcontstrJBtllbw ol•ry thJUAI I8￿￿, In rthre ty not Wry••JD IiMwthnretsl ￿1￿ b• T*￿nd In •n wJJit*ThS, l&¥wn •b * **xth . *>kwp •¢¢ountkng rKryd• In *r￿￿1th Sedkn 130rfth• Ch#rlw kl 2011. nL* b•M rMI: or 121 oplnkn, bp urthrnt#ndirvJ cl th• ID t• r••ch•d. 131 I havg obWn•J lio¥￿￿ert￿lffcakn dRII iwbiwits the TIL*t•Ds kn Mth>Ji Cl¥x* PurpEdW of Iru•t8, bAnk bolw¢es *Jr*as #tho C•ntra FIr•￿ Bc•rd rfth• m•thrAl￿t Churth wNth ire th •¥¢ww Of£10.¢￿ jf0￿¥ IloLLI94 lHfiC*k￿ ¢y l LJAg Ldi-fhJeTr 0￿3£ 34 **Church Accruals Accounts 2022-2023** ## **THE METHODIST CHURCH** ## **REPORT AND ACCOUNTS** ## **(ACCRUALS BASIS)** ## **for the year ended 31 August 2023** **----- Start of picture text -----**
High Street Methodist Church, Witney Church
**----- End of picture text -----**
**Registered Charity - Registration number (if applicable)** **----- Start of picture text -----**
1129034
**----- End of picture text -----**
**----- Start of picture text -----**
Witney & Faringdon Circuit No 2303
Minister Rev Jason Cooke
Church Stewards Graham Beechey
Jane Heath
Janet Buckle
Helen WIlliamson
Linda Burbage
Church Treasurer Jonathan Miller
**----- End of picture text -----**
**Number** 1129034 ## **High Street Methodist Church, Witney** |**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**|**Statement of Financial Ac�vi�es (SOFA) for the year ended 31 August 2023**| |---|---|---|---|---|---| |
**Section A Statement of financial activities**|||||| |1
.
**Recommended categories by**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Incoming resources (Note 3)**
**Resources expended (Note 5)**
**Net income/(expenditure)**
**Extraordinary items**
**Transfers between funds**
**Other recognised gains/(losses):**
**Income and endowments from:**
**Expenditure on:**
Donations and legacies
Other trading activities
Investments
Other
Church Activities
Property
Other
Net gains/(losses) on investments
Gains and losses on revaluation of fixed assets for the charity’s own
use
Other gains/(losses)
Total funds brought forward
**_Total_**
**_Total_**
**_Net movement in funds_**
**_Reconciliation of funds:_**
**_Total funds carried forward_**|**Unrestricte**
**£**
F01|**Total funds**
**Restricted**
**Endowmen**
**Prior year**
**£**
**£**
**£**
**£**
F02
F03
F04
F05|||| ||93,952|33,043|-|126,995|108,296
89,588
148
3,960| ||105,014|-|-|105,014|| ||1,772|-|-|1,772|| ||4,361|-|-|4,361|| ||205,100|33,043|-|238,142|201,992| ||||||| ||156,299|765|-|157,064|146,127
38,510
12,161| ||54,582|-|-|54,582|| ||14,324|1,144|-|15,468|| ||-|-|-|-|-| ||225,205|1,909|-|227,114|196,798| ||||||| ||-
20,105|31,134|-|11,028|5,194| ||-|-|-|-|-| ||-
20,105|31,134|-|11,028|5,194| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-
20,105|31,134|-|11,028|5,194| |||||52,050
46,856|| ||34,642|17,408|-||| ||14,537|48,542|-|63,078|52,050| |||4,283|||| |||4,283|||| |||17,408|||| **Number** 1129034 ## **High Street Methodist Church, Witney** ## **Balance Sheet as at 31 August 2023** ## **Section B Balance sheet** |Signed by one or two trustees on behalf of
Guidance Notes
**Funds of the Charity**
**Fixed assets**
**Current assets**
**Debtors (Note 9)**
**amounts falling due**
**within one year (Note 11)**
**amounts falling due**
**after one year (Note 11)**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Tangible assets (Note 8)**
**Cash at bank and in hand (Note 10)**
**Provisions for liabilities**
**Endowment funds**
B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
**_Total net assets or liabilities_**
**_Total fixed assets_**
**_Total current assets_**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total funds_**
**Creditors:**
**Creditors:**|Signed by one or two trustees on behalf of
Guidance Notes
**Funds of the Charity**
**Fixed assets**
**Current assets**
**Debtors (Note 9)**
**amounts falling due**
**within one year (Note 11)**
**amounts falling due**
**after one year (Note 11)**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Tangible assets (Note 8)**
**Cash at bank and in hand (Note 10)**
**Provisions for liabilities**
**Endowment funds**
B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
**_Total net assets or liabilities_**
**_Total fixed assets_**
**_Total current assets_**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total funds_**
**Creditors:**
**Creditors:**|F01
**Unrestricte**
**d funds**
**£**|F02
**Restricted**
**income**
**funds**
**£**|F03
**Endowmen**
**t funds**
**£**|F04
**Total this**
**year**
**£**|F05
**Total last**
**year**
**£**| |---|---|---|---|---|---|---| ||B02
B05
B07
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|22,415|-|-|22,415|714| |||22,415|-|-|22,415|714| |||||||3,565
55,625| |||3,083|-|-|3,083|| |||27,372|17,408|-|44,780|| |||30,455|17,408|-|47,863|59,190| |||||||7,140
| |||7,198|-|-|7,198|| |||||||| |||23,257|17,408|-|40,665|52,050| |||||||| |||45,672|17,408|**-**|63,080|52,764| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||45,672|17,408|-|63,080|52,764| |||-||||| |||||-|4,283
14,537
-
-|-| ||||4,283|-||17,408
34,642| |||14,537||||| |||||||-| |||14,537|4,283|-|18,820|52,050| |||||||| |||Signature||Print|Name|Date of| |||||Rev Jason Cooke||| |||||Jonathan Miller||| |||||||| **High Street Methodist Church, Witney** **Number** 1129034 ## **Section C Notes to the accounts** ## **1. Basis of accoun�ng** Chari�es: Statement of Recommended Prac�ce (SORP) applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard for Smaller En��es applicable in the UK (effec�ve from 1 January 2015) – the Chari�es SORP (FRSSE) – in replacement for the SORP’s 2005 version specified in its related 2008 Regula�ons and in accordance with the ‘true and fair override’ provision contained therein.” ## **2. Funds** The funds held cons�tute: General Funds held for any purpose of the Church which are Unrestricted. Restricted funds which are held for a narrower purpose including those for internal organisa�ons. There are also the following Endowment funds as listed. Details of each material fund are disclosed in note 16 . Any funds may be represented by more than just cash. ## **3. Accoun�ng 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 posi�on and ac�vi�es. ## **Income** Income is included in the Statement of Financial Ac�vi�es (SOFA) when the Church becomes en�tled 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 construc�ve obliga�on arises, that results in the payment being unavoidable. Liabili�es are recognised as soon as an ou�low of economic benefit is considered more likely than not under the legal or construc�ve obliga�on commi�ng the Circuit to pay out resources. ## **Grants** Grants made by the Church from its own funds are recognised in full at the �me of agreement or when the Church accepts that there is a legal or opera�onal obliga�on 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. ## 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.. ## **Investment Proper�es** Investment proper�es - no property is currently deemed to not be held for the long term purposes of the charity. ## **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 revalua�on at the year end are shown in the SOFA. ## **Debtors and Prepayments** Debtors include outstanding le�ngs invoices in August. ## **Creditors** Creditors includeoutstandings rela�mng to u�li�es, telephones, etc in August. **High Street Methodist Church, Witney Number** 1129034 |**Section C**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**|**Notes to the accounts (cont)**| |---|---|---|---|---|---|---|---| |
**Note 4**
**Donations and**
**legacies:**|
**Analysis of income**
**Analysis**
**Total**
**£**
**£**
**Total funds**
**Prior year**
**Unrestricte**
**Restricted**
**Endowme**
93,952
33,043
-
126,995
Collections
76,671
-
-
76,671
79,601
Gift Aid
14,452
-
-
14,452
17,418
Donations
2,829
33,043
-
35,872
11,277
Legacies
-
-
-
-
-
Grant from Circuit
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
108,296||||||| ||Collections|76,671|-|-|76,671|79,601|| ||Gift Aid|14,452|-|-|14,452|17,418|| ||Donations|2,829|33,043|-|35,872|11,277|| ||Legacies|-|-|-|-|-|| ||Grant from Circuit|-|-|-|-|-|| |||-|-|-|-|-|| |||-|-|-|-|-|| ||**Total**|93,952|33,043|-|126,995|108,296|| ||||||||| |**Other trading**
**activities:**
**Income from**
**investments:**
**Other:**
**TOTAL INCOM**|Lettings|98,671|-|-|98,671|86,426|| ||Coffee Bar|6,343|-|-|6,343|3,162|| ||Events Income|-|-|-|-|-|| ||Other|-|-|-|-|-|| ||**Total**|105,014|-|-|105,014|89,588|| ||||||||| ||Central Finance Board|1,772|-|-|1,772|148|| |||-|-|-|-|-|| |||-|-|-|-|-|| ||Other|-|-|-|-|-|| ||**Total**|1,772|-|-|1,772|148|| ||||||||| ||Collections for external organisation|597|-|-|597|732|| ||
Sundry Income|3,764|-|-|3,764|3,228|| |||-|-|-|-|-|| |||-|-|-|-|-|| ||Other|-|-|-|-|-|| ||**Total**|4,361|-|-|4,361|3,960|| ||**E**||||||| |||205,100|33,043|-|238,142|201,992|| |**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**Number**
1129034|**Number**
1129034|**Number**
1129034|**Number**
1129034|**Number**
1129034| |---|---|---|---|---|---|---| |**Section C**|**Notes to the**|**accounts (cont)**||||| |
**Note 5**
**Expenditure on**
**church**
**activities:**|
**Analysis of expenditure**
**Analysis**|
**£**
**£**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Endowme**
**nt funds**
**Total funds**
**Prior year**||||| ||Circuit Assessment|88,118|-|-|88,118|89,843
46,737
9,547| ||Salaries, NIC and Pension costs|59,310|-|-|59,310|| ||Grants and Donations|7,090|765|-|7,855|| |**Expenditure on**
**Property**
**Other**
**TOTAL EXPENDI**|Outreach/Mission*|1,780|-|-|1,780|-| ||||-|-|-|-| ||**Total expenditure on church**
**activities**|156,299|765|-|157,064|146,127| |||16,361
21,435
714
32,007
-
-
32,007
22,575
-
-
22,575
-
-
-
-||||| ||Mantenance of church buildings|32,007|-|-|32,007|| ||Utilities (insurance, heat light etc)|22,575|-|-|22,575|| ||Depreciation|-|-|-|-|| |||-|-|-|-|-| ||**Total expenditure on property**|54,582|-|-|54,582|38,510| |||||||| ||Sundry Expenditure|9,989|1,144|-|11,133|14,062| ||
Coffee Bar|4,335|-|-|4,335|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total other expenditure**
**TURE**|14,324|1,144|-|15,468|14,062| |||||||| |||225,205|1,909|-|227,114|198,699| * Outreach was classed as Sundry Expenditure in previous accounts |**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**Number**
1129034|**Number**
1129034| |---|---|---|---| |**Section C Notes to the accounts**||**(cont)**|| |
**Note 6 Details of certain items of expenditure**
**Note 7 Paid employees**
**Independent examiner’s fees**
**Assurance services other than audit or**
**independent examination**
**Tax advisory fees**
**No employees received employee benefits (excluding employer pension costs)**
**for the reporting period of more than £60,000**
**11.2 Average head count in the year**
**The parts of the charity in which the employees work**
**Other fees (for example: financial advice,**
**consultancy, accountancy services) paid to the**
**independent examiner**
**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**
**Other employee benefits**
**Total staff costs**
**Please provide details of expenditure on staff**
**Total**
**Fundraising**
**Charitable**
**Governance**
**Other**||
**This year**
**Last year**
**£**
**£**
**This year**
**Last year**
**£**
**£**
**This year**
**Last year**
**Number**
**Number**

420
420
56,453
44,457
2,513
2,043
344
237
-
-
59,310
46,737
-
-
-
-
-
-
3
3
3
3
**TRUE**|| ||
**ension costs)**|**This year**
**£**|**Last year**
**£**| |||420|420| ||||| ||||| ||||| ||||| |||**This year**
**£**|**Last year**
**£**| |||56,453|44,457| |||2,513|2,043| |||344|237| |||-|-| |||59,310|46,737| ||||| ||||| ||||| |||**TRUE**|| ||||| |||**This year**
**Number**|**Last year**
**Number**| ||**Fundraising**|-|-| ||**Charitable**|-|-| ||**Governance**|-|-| ||**Other**|3|3| ||**Total**|3|3| |**High Street Methodist Church, Witney**|**Number**|1129034| |---|---|---| |**Section C Notes to the accounts**||**(c**| |**Note 8 Tangible fixed assets**||| ## **8.1 Cost or valuation** |**8.2 Depreciation an**
**8.3 Net book value**
****Basis**
**** Rate**
Additions
Revaluations
Disposals
Transfers *
At end of the year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at
the end of the year
At the beginning of
At beginning of the
Net book value at
the beginning of the
year|**£**
**Freehold**
**land &**
**buildings**|**£**
**Other land &**
**buildings**|**£**
**Plant,**
**machinery**
**and motor**
**vehicles**|**£**
**Fixtures,**
**fittings and**
**equipment**|**Total**
**£**|| |---|---|---|---|---|---|---| ||-|-|-|6,702|6,702|| ||-|-|-|22,415|22,415|| ||-|-|-||-|| ||-|-|-|-
2,580|-
2,580|| ||-|-|-|-|-|| ||-|-|-|26,538|26,538|| ||**d impairments**|||||| ||Straight Line|Straight Line|Straight Line|Straight Line|Straight Line|| |||||||| |||||||| ||-|-|-|6,702|6,702|| ||-|-|-||-|| ||-|-|-|-
2,580|-
2,580|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|4,123|4,123|| |||||||| ||-|-|-|-|-|| ||-|-|-|22,415|22,415|| |**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**High Street Methodist Church, Witney**|**Number**
1129034|**Number**
1129034| |---|---|---|---|---| |**Section C Notes to the accounts**|||**(cont)**|| |
**Note 9 Debtors and prepayments**
**Note 10 Cash at Hand and in Bank**
**Note 11 Creditors and accruals**
**Prepayments and accrued income**
**Other debtors**
**Total**
**Held at Bank**
**Held in Cash**
**Total**
**Trade debtors**
**Held at Central Finance Board**
**Amounts falling due**
**This year**
**Last year**
**£**
**£**
**Trade creditors**
**Accruals and deferred income**
**Other creditors**
**Total**
2,354
2,596
1,344
1,044
3,500
3,500
7,198
7,140||||| ||**k**||**This year**
**£**|**Last year**
**£**| ||||-|-| ||||-|-| ||||3,083.0|3,565.0| ||||3,083.0|3,565.0| |||||| ||||**This year**
**£**|**Last year**
**£**| ||||28,972.9|35,711.0| ||||15,193.7|19,579.0| ||||612.9|335.0| ||||44,779.5|55,625.0| |||||| ||**Amounts falling due**||**Amounts falling due**|| ||
**This year**
**£**|
**Last year**
**£**|
**This year**
**£**|
**Last year**
**£**| ||2,354|2,596|-|-| ||1,344|1,044|-|-| ||3,500|3,500|-|-| ||7,198|7,140|-|-| |**High Street Methodist Church, Witney**
**Number**|1129034| |---|---| |**Section C Notes to the accounts**|**(cont)**| |**Note 12 Transactions with trustees and related parties**|| |**12.1 Trustee remuneration and benefits**|| |**12.1 Trustee remuneration and benefits**|**12.1 Trustee remuneration and benefits**|**12.1 Trustee remuneration and benefits**|**12.1 Trustee remuneration and benefits**|**12.1 Trustee remuneration and benefits**|**12.1 Trustee remuneration and benefits**||| |---|---|---|---|---|---|---|---| |**12.2 Trustees' expenses**
**12.3 Transaction(s) with related parties**
**None of the trustees have been paid any remuneration or received any other benefits from an**
**employment with their charity or a related entity (True or False)**
**No trustee expenses have been incurred (True or False)**
**There have been no related party transactions in the reporting period (True or False)**||||||**TRUE**|| ||||||||| |||||||**_TRUE_**|| ||||||||| |||||||**_FALSE_**|| ||||||||| |**Name of the trustee**
**or related party**|**Relationshi**
**p to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**| ||||**£**|**£**|**£**||**£**| |**Mission in Britiain**|**Fund of**|**Donation**|**650**||||| |**Fund for Support of**|**Fund of**|**Donation**|**600**||||| |
**Fund for Property**|**Fund of**|**Donation**|**900**||||| |
**World Mission Fund **|**Fund of**|**Donation**|**850**||||| 1129J34 DECLARATIONS I e￿Af￿1 IP4ttho•• b*d I￿￿J￿tIlOrth* yfarvtsj 31 2ro3 from L••dwth"p Gro￿.. 1&11w44 PY••0ntstknn to th• Chur¢h COU￿11 for mpprov•l. 1 ¢0rf4m tr￿t Ih•*nud r•FKM W 4r%ourt• 1ortr*yeor￿d&l 31 Aw4 2ff23w•r• toth• Cthh ¢wrvl It ill mow on S*n•tw•dth•ChYafth• Ind•p•nd•nt Ex•nIn•V￿ R•ptsrt to th• TnAt••• of lh• Hlqh 8tr•4t Chur¢h V¢lin•y Thh Ryrt*tyi th•C*wthA¢uJL¥*• fryts)w•n￿I T￿Chl¥￿'• •re tr•wir8 thAtlh• •rnJol ryrt qLY)>JrtslortrÉy•*kn 31 Ay 20Z3 a trL* fim'r Churth'• Irt4Th• *nd y•Jr and ￿ it• pmets •r¥J ￿th0 ¥lwtdat& Tho •i Y4 rtc••wy fort￿} y•w uTra•r 144flth•ChwlJeBkl Z011 •pJ lh* ￿ Ir*•TrJ•rt ￿n￿w￿l) * rwdgj, Ot￿ &x3wnt• 145 orth• C*￿1￿￿￿A¢ 14015)(blrAll* Ch￿￿ act.. 4TrJ MlthSlr•qt M•iiw)dlrtthU￿W Numbw Ilyrnwi ¥J tylhe•• ••tOth n¢X rrit ar QI towWI. ITr my bedrr*n Cl￿rth Pur￿￿•1 u h•hJ ￿ cllwtruits, tqnk ba1￿c￿ •rrfJ fund8 atthe C￿traI Flnarbre 8oard dth• M•hyJot Ghurth whkh Irv c4£10,CrfJO I￿ wJTrJ%l ttttr*bg1 jf0￿y HoLLI94 Ihlcthn c l tsJA HIGH STREET METHODIST CHURCH FINANCIAL STATEMENTS FOR 31 AUGUST 2023 NSIN cc Accountants Ground Floor 2 Compton Way Witney Oxfordshire OX28 3AB IT HIGH STREET METHODIST CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2023 CONTENTS PAGE Accounlants, report Income and expenditure account- General Account Income and expenditure accounl - Restricted Reserves Balance sheet Notes lo the financial statements Page 1 HIGH STREET METHODIST CHURCH ACCOUNTANTS. REPORT TO THE RESERVES YEAR ENDED 31 AUGUST 2023 In accordance with your instructions, we have compiled these unaudited finantial statements set out on pages 2 to 6 from the accounting records and information and explanations supplied to us. SOLUTIONS IN ACCOUNTING LIMITED Ground Floor 2 Compton Way Witney Oxfordshire OX28 3AB Accountants 18 March 2024 Page 2 HIGH STREET METHODIST CHURCH- GENERAL ACCOUNT INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2023 2023 2022 INCOMING RESOURCES Offerings and T&x Efficient Giving Tax Recovered Interest and Investment Income Room Hire Flat Rent Shop Rent Fees and Donations Sundry Income Collections foT External Organisations Profit from Coffee Bar School Building Refurbishment Newland Offerings 73.916 14.452 1.772 76,734 7,975 13,962 2,829 3.764 597 6?43 77.838 15.284 148 67,896 7,640 10,890 6,169 3.228 732 3,162 1,000 1,763 195,750 2,755 205.099 EXPENDITURE RESOURCES EXPENDED Circuit Asses%Tnent Utilitie5 Insurancc Repairs and maintenance Administration and Cleaning Donations from Church Fund5 Outreachl Missio Sundry expen5e5 Depreciation 88,118 13.984 8.591 32,007 59,310 7,090 1,780 14J24 89.844 13,581 7,854 16.361 46,737 7,719 11,862 714 225204 194,672 (SHORTFALL IPIVSURPLUS OF INCOME OVER EXPETr4DITURE (20,105) 1,078 Page 3 HIGH STREET METHODIST CHURCH- RESTRICTED RESERVES INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2023 21123 2022 INCOMING RESOURCES Recovered Fees and Donatiot]5 2,133 4.110 6,243 33,043 33.043 EXPENDITURE RESOURCES EXPENDED Donations from Church Funds Sundry expenses 765 1,144 1,828 300 1,909 31,134 2,128 SURPLUS OF INCOME OVER EXPENDITURE 4,115 Page 4 HIGH STREET METHODIST CHURCH BALANCE SHEET 31 AUGUST 2023 2023 2022 Noto FIXED ASSETS Tangible assets 22,415 CURRENT ASSETS Debtors Provision for doubiful debt5 Building society deposits Bank deposits Cash in hayjd 3,814 (731) 11,557 32,610 612 4.297 {731) 16,064 39,225 335 47,862 59,190 CURRENT LIABILITIES Trade creditors Other creditors Accruals 2J53 3,500 1,343 7,196 2,594 3,500 1,044 7,138 NET CURREPa ASSETS 40,666 63,081 52,052 52,052 Tr￿T ASSETS FINANCED BY: Capital accounts 63,081 52,052 Page S HIGH STREET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2023 SUMMARY OF PROFITS 21123 2022 Net {LossyProfit- General Account Net Profit- Restricted Resetves (20,105) 31.134 1,078 4,115 5.193 11,029 TANCIBLE FIXED ASSETS Office Equipment COST At I September 2022 Additions Disposals At 31 August 2023 6,702 22,415 {2,579) 26,538 DEPRECIATION At I SeptetnbeT 2022 On disposals At 31 August 2023 6.702 (2.579) 41123 NET BOOK VALUE At 31 August 2023 At 31 August 2022 22,415 Pago 6 HIGH STREET METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2023 RESERVES, CAPITAL ACCOUNTS Brollgbt forward I Sep 22 Profit share Carried forward 31 Aug 23 GeneTal Account Restricted reserves 34,644 17,408 {20,105) 31,134 IA,029 14539 48,542 52.052 63,081