Church Accruals Accounts 2023-2024 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2024 Anlaby Park Methodist Church (incorporating Selby Street Mission) RBglst?red Charlty- Reglstratlon number 1129171 HULL (CENTRE & WEST) CIRCUIT Clrcult No: 29137 Mlnlster R8vd. Helen Hickson Church Stewards M8rlon Dawson Jasper Miles Keith Roblnson Brenda Horr*nonds D8nise Robinson Vanessa Taylor Susan Trotter Treasurer Keith Rob5nson Secretary Diane Baker Pègell
Introductlon Anlaby Park Methodlst Church Is a vibrant and diverse church family seeking to setve God and our communityfrom oursetting on Anlaby Common. Alms and tsrganlgatlon Our Church Mission statement is: 'To grow and rjurture wholeheortedfollower5 of Jesus Christ through sharing God's love in words t7nd artions." The objectives of Anlaby Park Methodist Church are as set out In our mlssion statement labovel but also to engage with the local comrnunity together with the purposes of the Methodist Church as a whole. The purposes of the Methodist Church are and shall be deemed to have been slnce the Date of Union. the advancement of: al The Chrlstian faith in accordance with the doctrin81 standards and d15cipllne of The Methodist Church bl Any charitable purpose for the time being of any Connexional, Distrirt, Circuit, local or other organisations of The Methodlst Church cl Any charltable purpose for the tlme belng of any society or Instltutlon, subsldlary or anclllary to The Methodlst ChLsrch. and dl Any purpose forthe tlme belng of any charlty belng a charlty subsldlary or anclllary to The Methodlst Church The maln actlvltles Of Anlaby Park Method15t Church are: Worshlpplng God through prayer, song and other acts of worshlp The or8anlsation and re50urclng of regular publlcacts of worshlp open to members ofthe church and non- members allke The teèching of Christianlty through sermons, ¢our5es and small groups The resourclng of pastoral work Includlng vlsltln8 the slck and bereaved Engaglng wlth the familles, youn8 people and children who attend actlvltles Including the SUPPDrt of uniformed organlsatlon Revlew ot the year Anlaby Park Methodist Church has contlnued to uphold the activities 35 Set out In previous years. The church has continued to recover from the impact of COVID-19 and the economlc cllmate throughout the year, re-starting groups, outreach and normal SeIce$ wherever posslble. We have maintained our online and digital presence desplte the slow Increase In people attendlng services. We hzve continued to support our community by running the following grDlJPS.' Toddlers, Coffee and chat, lunch club, coffee mornlngs, WIVÈS group. Pre School activities and a family fun day from time to time. During the year we undertook, and completed, a huge renovatlon of the church hall- which Is used by Preschool as well a5 forvarirjus other activities. This was an ¥Jnexpected and large cost which had not been budgeted for, but It was crltlcal that the work was undertaken urgentlv. Our mlnlster. Revd Helen Hickson Jolned us In early September 2023. Anlaby Park Methodist church Pre-school overvlew During year ending 3110812024, the pre-school had a difficult first eight months wlth the unexpected replacement of the hall floor. Running the pre-school in justthe smaller hall, with builders, noise, dirt and cold to deal with was difficult for the staff but they all worked successfully hard to ensure the cantlnuation of a safe, secLtre and stlmulating learning environment for the children. However, the'new hall" has given the pre-school a much Page | 2
warmer, modern, pleasant space in whlch to operate now and into the future. The Early Years sector is enterlng a time of change with the age of chlldren receiving funded thlldcare belng reduced from three years down to nine months. Our pre-school may well need to lower the age of intake of the children, currently set at two years, to ensure survlval. A time of change but not of concern yet. Income trends Church income is primarily drawn from collections offered by the congregation together with additional donatlon5 from the wider community. Tax is reclaimed on offerlnBs and donations, as approprlate, u51n8 the Gift Aid Scheme. Trading iri¢ome Is also generated by our Pre-school which is used by the local community. Income durlng 202314 wa5 Still affected by the Coronavirus pandemic. people's attendance to church, and the cost of living cri5i5, Income from collections and tsx recovered vla gift ald decreased over the previou5 year mainly due to the 10$5 of cash offerings, cost of living crisis, membership redurtion and giving trends. Income from Pre-school has Increased In Ilne wlth expectations and wlth the addltlon of another sesslon on Wednesdav. Rental Income was £1,101 and Income glven by Pre-school towards the effectlve runnln8 of the church was £12,000 plus an additional £20,000 towards the cost of the new floor. We contlnue to recelve several donations from individuals and organlsatlons towards the work of Selby Street Mlsslon. Grants of £2580 were recelved from the Hull Icentre & Westl Method15t Circult towards the costs ot employlng our Famlly Outreach Worker. During the year work commenced on repalrlng the floor of the church hall, whlch had become dangerous and health & safety Issue. The hall Is used dally by the preschool. It was declded to begln fundralsln8 to cover the cost of the repalrs. Over the year the fundralslng raSsed £51.836. Fundralslng Is contlnulng. Expendlture trends Due to the Impact of COVID and Dther major factors such as Cost of Ilvlng and buildlng maSntenance flxed costs have begun to rise vs where these costs were in previous years.. The assessment pald to the Hull Icentre & We5tl Methodlst Clrcuit remalned flat whlch are £30,000. General repairs and maintenance of church property (excluding the cost of the new floor) reduced from £14,666 to £2,829. Salary costs are for the church cleaners, Family Outreach Worker and Pre-school employees.. Staff salarie5 are increased in line wlth the Llvlng Wage. The repair to the floor of the church hall, whlch was an urgent matter and therefore unbudgeted, had a totsl cost of £101,121. This cost was covered from our reserves and, as mentioned earlier, fundraising has commenced to replenish the reserves. Fund balances As of 31 Ausust 2024, the total net assets of the Church were £1,931,863, which comprised of £184,098 Cash assets, £1,749,820 fixed assets and £2,055 liabilitles. Within these amounts the following fund balances: Anlaby Page13
Park £1,801,853, Ignltion £36,604, THCP £17628. Benevolent £2,150 and Church Groups £73,628. There was a net deficit for the full year of £62.695 from the previous year ending 31 Aug 2023. Plans fur 202412025 For the year commencing Sep 2025 we aim to continue with the high level of communlty outre3eh, which includes group work. pre-sthool and regular worship 3Ctivitios. We also aim to continue with our fundraising activltles to recover some of the cost of the recent renovation to our church hall. Our Famlly OLttre3ch Worker left the church in August 2024, and so we are planning to move the Toddler Group underthe remit of our Preschool. Publit Benefit We conftrm the trustees have had r@gard to the Charity Commission's guidance on publlc benefit. Strurture, Governance and MBDagement The governing document for the Church 15 the Deed of Union119321 and Methodlst Church Att119761. Detailed governance arran8ement5 are outlSned wlthln the Constltutlonal Practice and Discipline of the Methodlst Church by order of the annual conference ICPDI. Doy to day management of the church Is undertaken by the Church Leadershlp team along wlth the Mlnlster. The stewards and church representatlves are appolnted at the Annual General Meetlng of the church. All other trustees are appolnted by the Church Councll that meets 3 tlmes annually. Trustee Tralnlnq A range of guldance produced by Methodlst ConnexSon to supportthe effectlve Tunnlng of the church and the role of Trustees Is given to the Church Trustees at various meetlngs and / or tralnlng ses51on5. Related Partle5 Anlaby Park Methodist Church Is part of the Hull (Centre and We5tl Circuit whl£h Is part of the Yorkshire North & East Dlstrlct and is also accountsble to the Methodlst Conference. The internal organisatlons Ilnked to Anlaby Park Methodist Church are.. Anlaby PBrk Methodist Church Pre-school Anlaby Park Lunch Club Selby Street Mission Toddlers Group Wlves Group Coffee and Chat In addltlon to the above, two successful Brownie packs, a Rainbow pack, a Girl Guiding and Ranger pack meet regularly on the premlses. They are classed BS affiliated to Anlaby Park Methodist church. Risk Management Any major risks have been identified and recorded by the Trustees wlth professlonal advlce taken as required. There is a regular arFnual review process undertaken and recorded. Page14
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a regular basis to detect trends as part of the risk management process to avoid unforeseen talls on reserve5. Safeguardln8 Every petson has a value and dignity which comes directly from the creation Df male and female In God's own image and likeness. Christians seethls potentlal as fulfllled by God's re-creatlon of us in Christ. Among otherthings this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodlst Connexlonal practice outlines commitmentto the following principles,. the establishing of safe, carin8 communitles which provlde a loving environment where there Is informed vl8113nce as to the dangers of abuse. We will carefully Select and train oll those with any responsibility wlthin the Church, In 1Sne wlth Safer Recruitment principles, including the use of criminal records disclosures and re8lStration with the relevant vetting and barring schemes. We will respond without delay to every complalnt made whlch suggests that an adult, chlld or young person may have been harmed, tooperatlng with the pollee and loc85 authority in any investigation. We will seek to work wSth anyone who has Suffered abuse, developln8 wlth them an approprlate minlstry of Informed pastoral tare. We will seek ta challenge any abuse of power, e5peclally by anyone In a posltlon of trust. We wlll seek to offer pastoral care and support, Including supervlslon and referral to the proper authorltles. to any member of our church communlty known to have offended agalnst a chlld, youn8 person or vulnerable adult. In all these prlncSples we wlll follow leglslatlon, 8uldance and recognlsed good practlce, Anlaby Park Methodlst Church commlts Itself to ensurln8 the Implementatlon of ConnexSonal Safeguardlng Pollcyi 80vernment le8lslatlon, 8uldance and safe prartice In the clrcult and In the churches. Anlaby Park Methodlst Church commlts Itself to the provision of support, advlce and tralnlng for lay and ordalned people that wlll ensure people are clear and confldent about thelr roles and responslbllltles In safeguarding and promotlng the welfare of children and adults who may be vulnerable, Reserves Pollcy The Reserves Pollcy for the Church Is to hold 3 mlnlmum sum equlvalent to 6 months, aver38e expenditure, Thls should be sufficient to meet any unforeseen Item of major expendSture on the church bulldlng and l or to be able to contlnue, In the short term, funding planned actlvltles In the event of any inability to raise the full expenses including the assessment payable to the Circuit. On 31 August 2024 the general fund balance, excludlng fixed 35sets, amounted to £52.033 Based on the 202412025 budget the trustees believe that this is sufficient to meet Its reserve5 policv. Investment poll¢y To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes rrMCPI. TMCP acts as custodian trustee for all bequests and are held on deposit. The capitsl returns are close to tracking the movements in the FTSEIOO index and income mirrors the deposit rates available elsewhere. Both the Central Finance Board ICFBI and TMCP take into consideration social, environmental and ethical considerBtions, both negatively and posltively, in establishing investment policy. Short term dep051ts are lodged directly wlth CFB and attract good rates of Interest. PaEe15
There are no benchmarks for the expected returns or appreciation on Snvestments at TMCP and CFB. It is the Church's policy to manage cash and investment resources so that the rate of return on investment Is obtained at least as good as market rate considering the Church's low appetite for rlsk. P38e16
TRiJSTEES' RESPONSIBIUTIES For each flnanci31 year ending on 31 August the Tnjstees are required to prepare financial statements that give a true and fair view of the Church's financial activities during the year and of its financlal posltion at the end of the year. In preparing these financial statements, the Trustees have: Selerted sultable accountlng PDllcies End appSled them con5iStently uslng the accruals method. Made judgements and estimates that are reasonable and prudent Followed appllcable accountlng standards, including the FRSSE Prepared the financial statements on the going concem ba51S Prepared accounts to comply wlth FRS102 SORP2019 The Trustees are responslble for keeplng proper accounting records which disclose with reasonable accuracy at any time the financlal posltlon of the Church and enables them to ensure thzt the financial statements comply with the law. They are also responsible for safeguarding the assets ol the Church and hence takln8 reasonable step5 for the preventlon and detectlon of fraud and other irregularities. TheTrvstees are responsible forthe malntenance and Inte8rity of the corporate and flnancial informatlon included on the Church's webslte. LeglslatSon In the United Kingdom governlng the preparatlon and dlssemlnatlon of financial statements may dlffer from leglslation In other jur15dlctlons. STRUCTURE, GOVERNANCE AND MANAGEMENT The Church is an unlncorporated association and is governed by the Methodlst Church Att 1976, the Deed of Unlon and the Model Trust Deeds of the Methodist Church and was registered wlth the Charity Commlssloners on 24 October 2009. I. STRUCTURE Anlaby Park Methodist Churchls one of several churches In the Hull (Centre & Westl Clrcult, whlch Is part of the Yorkshlre North & East Dlstrlct, The Methodlst Conference meets once each year and Is thè supreme governlng body In the Church. Overall control rests wlth the Methodlst Conference. The Connexlonal Office implements decisions made by Conference and is also responsible forthe stationlng of presbyters and deacons Icolle£tlvely known as ministers) in Indivldual Clrcults wlthin DSstrlcts. Connexional declslons are passed to the Chair of the District and the appropriate officers of the Distrlct for Implementation. The Dlstrltt passes control éown to Circuit level for local implementation by the Superintendent Mlnlster, mlnisterial staff and Clrcult Stewards, and authorlty Is delegated to the Circuit Meeting for certain matters. The Circuit Meeting passes control down to Church Counclls for local Implementatlon by the presbyter, the Church Stewards, and other officer5, and authority is delegated to Church Councils as Mana8lngTrustees. 2. PURPOSE OF THE CHURCH The churchls an expresslon. on a local grassroots level of the Connexional character of the Methodist Church. The purposes of the Methodlst Church are as descrlbed In the alms 2nd organlsatlon sectlon. The primary purpose of this chur¢h is to ?dvBnce the mission of the Church In Anlaby Common and Selby Street area of Hull by servlng 2nd mlnisterlng to the local communities. Page17
GOVERNANCE The Church operates wlthin a statutory framework of regulation and Seeks to ensure that it follows Methodist Standing Orders. It relie5 on the Connexlonal Office, the Olstrict and Circuit to provide guidance on chanoes that could affect the local church. With the exceptlon of the Treasurer, the Church Council Secretsry, the Pastoral Secretary and the Team Representatives, the members of the Church Council are annually appointed by a vote of the Church Members at Annual General Meetirkg for a continuous term not normally exceedlng slx yeors. The other aforementloned posltions 3re appointed by the ChLtrch Council on a similar basis. The ChaSr Is the presldlng mlnlster. When a position becomes vacant on the Church Council, nominatlons are invited from members of the Church. The Chair then shares with nomlnees what the roles involve. If they wlsh to be considered for a role, their names are taken to the AGM, or Church Councll for appointment. Trustees are lay people attendln8 Church as members of the Anlaby Park and Selby Street Methodist churches,. The Church Councll normally meets three times each year and dea15 wlth routlne and exceptional matters. It oversees the work gf the varlous groups and orEanisations together with outreach, care, financet property ènd safeguardlng. Pa8e18
REFERENCE AND ADMINISTRATIVE DYfAILS Full Name of Church: ANLABY PARK METHODISTCHURCH Registration Charlty Number: 1129171, registered in England and Wales Address: 256 Hull Road Anlaby Common Hull East Yorkshire HU47RR The members of the Anlaby Park Methodist Church Council meeting are the Charity Trustees, membershlp being made up of church office holders, Minlster and representatives appolnted by the church at the Annual General Meeting las per appendlx Al. A full list of Church Council members and key lay employees are shown at Appertdlx A to thls report. Treasurer.. Kelth Robinson Mr Kelth Rob5nson acted as the princlpal offlcer averseeing the day to day flnanclal management and accountlng for the church during the year. Independent examiner., Rlchard J. Dlxon FFA Intultive Aetounting Unit 7, The Bloc 38 Sprlngfiold Way Anlaby, HUIO 6RJ Investment bankers: Central Flnance Board of the Methodlst Church Trustees for Methodlst Church purposes APPROVALS The trustees, Report and Flnanclal Statements were approved by Anlaby Park Methodlst Church Councll on 25 February 2025. Mlnlster & chèlr Treasurer Date.. Pa8e19
ANLABY PARK MEfHOD15T CHURCH Registered Charlty- Reglstratlon number: 1129171 Year ended 31 August 2024 Appendix A CHURCH COUNCIL MEMBERSHIP & KEY LAY WORKERS Superintendent Mlnlster- Revd Louisa Haynes Minister: Revd. Helen Hickson Church Stewards- Kelth Aobinson Brenda Hammonds Denise Robinsun la5per Miles Marlon Dawson Evangellsm Tèam Sttward.. Vacancy Worshlp Team Steward.. Vane55a Taylor Dlsclpleshlp Tèam Steward.. Jasper Mlles Facllltles Team sieward.. Den15e Robln50n PrayerTeam Steward.. Susan Trotter Church Treasurer., Kelth Roblnson Chur¢h Se¢ret3ry', Dlane 8èker Church 5afe8uardln8 Co- Ordlnator Chrlgtlne Hornsbv Human Resource5 Offlcer.. DÈnise Roblnson Pastoral Secretary: Jean Rl¢hard50n OTHER MEMBERS OFTHE CHURCH COUNCIL Church Meeting rép I Chur£h Meeting rep 2 Chur£h Meetlng rep 3 Church Meeting rep 4 Church Meetlng rep S Rachel Pearson Jennie Simpson Susan Macmaster Chris Spry Barbara Cro55 Clrcult Steward.. Stuart Hlckson Page | 10
ANLABY PARK METHODIST CHURCH Registered Charlty- Re Istration number: 1129171 Yearended 31Au8USt 2024 Declarations and Scrutiny Treasurer I confirm that these accruals-based accounts for the year to 31 August 2024 have been prepared from the records of tha Church and that they Include all funds under the contml of the Church trustees. Sl8nature of Treasurer Name of Treasurer Kelth Roblnson 135 Belgrave Drive Hull HU46DP Address Date PresentatSon to the Church Coun¢ll MeetSng for approval. l ¢¢nfirrn that the annual report and accounts for the year ended 3111 August 2024 wlll be Presented to the Church Councll at Its meetin8 on for approval. 2510212025 Slgnature of the Chalr of the meElln8 Name of the Chalr of the meetbng Revd Helen Hlckson IMlni5terl Datè Independent Examinerfs Report to the Trustees of the Anlaby Park Methodist Church Chèrity Number 1129171 Responslbllltles and basis of report I report to the trustees on my examlnat5on of the accounts of the Anlaby Park Methodist Church for the year ended 31 August 2024 set out on pa8es 13 to 25. As the church's trustees. you are responsible for the preparatlon of the accounts in accordance with the requlrements of the Charities Act 20111'the ACVI. Pa8e | 11
I report in respect of my examlnation of the Church's accounts carried out under section 145 of the Act and, in carrying out my examination. I have followed all the applicable DirecOn5 given by the Charity Commission under section 14515llbl of the Act. ANLABY PARK MFfHODIST CHURCH Registered Chari - Reglstratlon number: 1129171 Year ended 31 August 2024 Independent Examlnerfs Statement l am qualifled to undertake the examlnatlon by being 3 quallfled member of the Institute of Financlal Accountants. I have completed my examination. I conflrm that no material matters have come to my attentlon in connectlon with the examlnatlon lother than that disclosed below'l whSch 8lve me cause to belleve that in, any materlal respect.. the accounting records were not kept in accordance with 5ectlon 130 of thè Att,. or the accounts do not accord with the accounting records: or the accounts do not comply wlth the applicable requlrements concernlng the form and content of accounts set out In the Charltles IAccounts and Reports) Regulations 2008 other than any requlrement that the account5 give a 'true and falrf view, which Is not a matter consldered as part of an independent examlnatlon the trustees, annual report is not conslstent wlth the atcounts I have no concerns and have tome across no other matters in connectlon wlth the examlnatlon to whlch attention should be drawn In this report In order to enable a proper understanding of the accounts to be reached. I have obtalned Independent verlficatlon of all Investments with the Trustees for Methodist ChLtrth Purposes or held in other trusts, bank balances and funds at the Central Flnance Board of the Methodlst Church whlch are Indivldually In exce$5 of £IO,LKIO (ten thousand pounds) at the balance Sheet dale. Name of Independent examlner.. Rlchard J. Dixon FFA Slgnature of Independent examiner Aelevant Professlonal qualificatlon or bodv.. Fellow of the Institute of Financial Accountants Intultlve Acwunting Unlt G7, The Bloc 38 Springfield Wav Anlaby HU106RI Name of FITM & Address,. D3te'. Page | 12
Anlaby Park Methodlst Church Statement of Financlal Activie$ for the year ended 31 August 2024 Unrestrirted funds 2024 Restrirted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacles Charitable activities Other trading activities Investments 49,202 85,742 237,961 3.280 49,202 85,742 237,961 3,280 48,208 37,883 205,053 3.729 Totsl 376,185 376,185 294,873 Expendlture on: Other 438,880 438,880 326,293 Totsl 438,880 438,880 326,293 Net galns on investments Net expendlture Transfer5 between funds 162,6951 162,6951 131,4201 Net expendlture before other alnsll1055esl 162,6951 162.6951 131,4201 Other galn5 and10sses Net movement In fvnds 162,6951 162,6951 131,4201 Re¢onclllatlon of funds: Total funds brought torward 1,918,780 75.778 1.994,558 2,025.978 Total funds ¢arrled forward 1,856,085 75,778 1,931,863 1,994,558 Page 13
Anlaby Park Methodist chUh 8alance Sheet at 31 August 2024 Charlty No. 1129171 2024 2023 Flxed assets Tangible assets Investments 10 1,736.246 li 13,574 1,749,820 1,773,849 12,913 1,786,762 Current assets Cash at bank and In hand 184,098 184,098 184,098 1,933,918 12,0551 1,931,863 209,900 209,900 209.900 Net current assets Total assets less current Ilabllltle5 1,996,662 12.1041 1,994.558 Creditor5: Amounts falllnB due after more than one year Net assets excludlng penslon asset or Ilablllty 12 Total net assets 1,931,863 1,994,558 The funds of the tharlty Re5trlcted funds Restrlrted Income funds 13 75,778 75,778 75,778 75,778 Unrestr5cted funds General funds Design3ted funds 13 1,801,8S3 54,232 1,864.548 54,232 1,918,780 1.856,085 Reserves 13 Total funds 1,931,863 1,994,558 Approved by the trustees on 25 February 2025 And signed on their behalf by,, Trustee 25 February 2025 Page 14
Anlaby Park Methodist Church Notes to the Accounts for the year ended 31 August 2024 l Accountihg pollcies Basls of preparation The flnancial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financizl Reportlng Stsndard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Flnancial Reportin8 Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charltles Act 2011. Chan8e In basls of accounting or to prev5ous accounts There has been no change to the accountSng palicles (valuation rules and method of accounting) since last year and no changes have beEn made to accounts for prevlpu5 years. Fund 3ccountln8 Unrestrlcted funds These are avallable for use at the discretion of the trustees in furtherance of the general objects of the charlty. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestricted funds which Includè a revaluatlon reserve representlng the restatement of Investment assets at thelr market values. These are available for use subjert to restrlctlons Imposed by the donor or through terms of an appeal. Deslgnated funds Revaluatlon funds Restrlcted fund5 Income Recognition of Income Income Is Included In the Statement of Flnanclal Acrlvltles ISOFAI when the ¢harlty becomes entitled to. and vlrtually certaln to recelve, the Income and the amount of the Income can be measured wlth sufflclent relSablllty. Income with related Where income has related expendlture the Income and related expendlture Is expendlture reported gross In the SOFA. Donatlons and legacles Voluntary Income recelved by way of grants, donations and 8ifts is included in the the SOFA when recelvable and only when the Charlty has uncondltional entltlement to the IncDme. Tax reclaims on Income from tax reclalms is Included in the SOFA at the same time as the donations 3nd gifts giftldonation to which it relates. Donated 5ervlces These are only Included in income Iwlth ah equivalent amount In expenditure) and facllltles where the benefit to the Charity 15 reasonably quantifiable, measurable and materlal. Volunteer help The value of any volunteer help recelved Is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on Thls includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llosse51 on Investmet7t assets This include5 any gain or loss on the sale of Investments. Page 15
Anlaby Park Methodlst Church Notes to the Accounts Expenditure Recognition of expenditure Expendlture Is rEcognlsed on an accrua15 bas15. Expenditure Includes any VAT whlch cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management COSt5. Expenditure on These comprise the costs incurred by the Charity in the dellvery of Its actlvlties and charitsble activ5tles services in the furtherhnce of its objects, including the making of grants and governance costs. All grant expendlture Is accounted for on an actual paid basis plus an accrual for grants that have been gpproved by the trustees at the end of the year but not yet paid. These Include those tosts assoclated wlth meetlng the constltutlonal and statutory requlrements of the Charlty, Includlng any audlt/lndependent examination fees, costs Ilnked to the strateglc management of the Charity. together with a share of other admlnistration costs. These are support cost5 not allocated to a partlcular activity. Grants payable Governance costs Other expendlture Taxatlon The charlty Is exempt from tax on Its charltable artlvltles. Freehold Investment property Investment propertles are measured Inltlally ot cost and subsequently at falr value at each balance sheet date and are not depreclated. All galns or losses are taken to the Statement of Flnancial Actlvltles as thev arlse. Stocks Stock Is Included at the lower of cost or net reallsable value. Donated Items of stock are recognlsed at falr value whlchls the amount the charity would have been wllllng to pay for the Items on the open market. Trade and other debtor5 Trade and other debtors are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hind, demand deposits with banks and other short-term highly liquid investments Wlth original maturitie5 of three months or less and bank overdrafts. In the statement of flnanclal posltlon, bank overdrafts are shown wlthin borrowings or current liabilitles. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fDm) an integral part of the mmpany's cash management. Trade and other creditors Short term creditors are measured at the transaction prlce. Othèr creditors and provlslons are recognlsed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estlmated reliably. Creditors and provislons are normally recognised at their settlement amount after 3llowinE for any trade discounts due. Page 16
Anlaby Park Methodist Church Notes to the Accounts Research and development Expenditure on research and development is written off In the year In whlch It Is Incurred. Forelgn curren¢les Monetary assets and liabilities denominated in currencies Other than the function21 currency of the charlty are translated at the rates of exchange prevailing at the end of the repDrting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transactlon occurred. All exchange dlfferences are are taken into account in arriving at net incomelexpenditure. Leased asset5 Where the charity enters Into a lease whlch entails taking 5ubstantlally all the rlsk5 ond reward5 of ownershlp of an asset, the lease is treated as a finance lease. Leases which do not transfer substantlally all the rlsks and rewards of ownershlp to charlty are classlfled as operatln8 leases. Assets held under finance leases are initlally recogni5ed 05 a55ets of the charlty at thelr falr value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The correspondlng Ilablllty to the lessor Is Included In the balance Sheet date as a flnance lease obllgatS0n. Lease payments are apportioned between flnance expenses and redurtion of the lease obligation so as to achSeve a constant rate of Interest on the remalnlng balance of the IlabllSty. Finance expenses are recogn15ed Immediately, unless they are dlrectly attrlbutable to quallfying assets, In whlch case they are capltalised In actordance wlth the charlty's pollcy on borrowlng costs. Assets held under flnance leases are depreclated In the same way as owned assets. Operating lease payments ère recognlsed as an expense on a 5tral8ht-Ilne ba515 over the lease term. In the event that lease incentlves are received to enter Into operatlng leases, such Incentlves are re£ognlsed as a Ilablllty. The aggregate beneflt of Incentlves Is recognlsed as a reductlon of rental expense on a straight-llne basls. Pensl¢)n costs The charlty operates a defined contrlbution plan for its employees. A defined Contrlbutlon plan Is a pension plan under whlch the charity pays fixed contrlbutlons Into a separate entlty. Once the contribution5 have been paid the charity has no further payments obligations. The contributions are recognised a5 expenses when they fall due. Amount5 not paid are shown In accruals In the balance sheet. The assets of the plan are held 5ep3rately from the charlty In Independently administered funds. Recelpt of donated good5, facllltle5 and 5er¥i¢es All donated goods, facilities and seNices received are recogni5ed within incoming resources and expenditure at an estimate of the value to the charity. Page 17
Anlaby Park Methodist Church Notes lo the Accounts 2 Statement of Flnanclal Actlvltles- prior year Unrestricted Restricted funds Totsl funds 2023 funds 2023 2023 Income and endowments from: Donations and legacies Charltable 3Ctlvities Other trading actlvltles Investments 48,208 37,883 205,053 3,729 48,208 37,883 205,053 3,729 Total 294,873 294,873 Expenditure on: Other 326,293 326,293 Total 326,293 326,293 Net Income 131,4201 131,420} Net Income before other 8alnsll105se51 Other galns and losses: Net movem£nt In funds 131,4201 131,420) 131,4201 131,4201 Rect)nciliatlon of lunds: Total funds brought tOard Total funds carrled foThvard 1,950,200 75,778 2,025,978 1,918,780 75,778 1,994,558 3 Income from donatlons and legacles Unrestrlcted Total 2024 Total 2023 Collections 36.669 11,923 610 36,669 11,923 610 41,320 Tax Credit5 Donations 6,888 48,208 49,202 49.202 4 Income from ¢haritsble actlvltles Unrestrirted Total Total 2024 2023 Lettlngs Grants 13,101 1,258 51,836 19.547 85,742 13,101 1,258 51,836 19,547 85,742 18.782 7,403 Fund Ralsing {new floor) Other 11.698 37.883 Page 18
Anlaby Park Methodist Church Notes to the Accounts 5 Income from other tradlng artlvltles Unrestrfcted Total Total 2024 2023 Pre- school 237,961 237,961 237,961 237,961 205,053 205,053 6 Income from Investments Unrestrlcted Total 2024 Total 2023 CFB Interest 2,619 661 2,619 661 3,345 Tmcf Interest 3,280 3,280 3.729 7 Other expendlture Unrestricted Total Total 2023 2024 Clrcult Asse55ment 30,000 49,527 210,461 111,289 30,000 49,527 210.461 111,289 31,029 54,330 177,650 25.681 Internal organlsations Employee costs Premlses costs Amortlsation, depreclatlon. Impalrment, profitlloss on dlsposal of fixed assets 37,603 37,603 37,603 438.880 438,880 326.293 8 Net expendlture before Iransfers 2024 2023 Thls Is stated after charglng: Depreclation of owned flxed assets 9 Staff costs 37,603 37,603 2024 174,941 30,192 5,328 210,461 2023 148,564 23,136 5,950 177,650 Salaries and wiges Social security costs Penslon Costs No employee recelved emoluments In excess of £60,000. Page 19
Anlaby Park Methodlst Chuich Notey to the Accounts IU Tangible fixed assets Cost or Yevaluatlon At I September 2023 At31 August 2024 Depreciation and Impalrment At I September 2023 Depreci3tion charge for the year At 31 August 2024 Net book values 1,818,845 1,818,845 312,279 312,279 2,131,124 2,131.124 231,792 125,483 357,275 28,974 8,629 37.603 260.766 134,112 394,878 At 31 August 2024 At 31 August 2023 1,558,079 1,587,053 178,167 186,796 1,736,246 1,773,849 11 Investments Other Inveslments Llsted Total Cost or revaluatlon At I September 2023 Revaluatlon At 31 August 2024 Net book values At 31 August 2024 At 31 August 2023 12 Credltors: amounts falllng due after more than one year 12,913 661 12,913 661 13,574 13,574 13,574 12,913 13,574 12,913 2024 202Y other credltors 2,055 2,055 2,104 2,104 Page 20
Anlaby Park Methodist Church Nutrs tu the A¢¢uunts 13 Movement In funds Incoming resoue$ {Includlng Atl other September galns/losses 2023 At31 August 2024 Resources expended Restrlcted funds: Restrirted income funds: Benevolent Fund Church Groups 2,150 73,628 2,150 73,628 Totol 75,778 75,778 Unre5trlcted funds: General funds 1,864,548 376,18S 1438,8801 1,801,853 Deslgnated funds: Ignition Communlty G Arrldge Fund Totrjl 36,604 17.628 36,604 17,628 54.232 54,232 Total fund5 1,994,558 376,185 1438,8801 1,931,863 Purposes and restrlrtlons In relatlon to the fund5'. Restrlcted funds.. Benevolent Fund Church Groups Designated funds.. Ignltlon Community G Arridge FLtnd Funds ralsed to help In the use of benevolent causes. Speclflc funds held by Internal church group. Fund for monles ralsed and expenses on the Ignltlon project. Legacy left by George Arridge to help finance mission, training and capital. 14 Analysls Of net assets between funds Unrestricted Restrlcted funds nds Total Fixed assets Investment5 Net current assets Credltors due in more than one year and prvvlslons 1,736,246 13,574 96,676 1,736,246 13,574 184,098 87,422 12,0551 (2,0551 1,844,441 87,422 1,931,863 Page 21
Anlaby Park Methodist ChuTch N¢)tey tu the A¢¢uunts 15 Reconciliatlon of net debt Ati At31 August 2024 September 2023 Cash flows Cash and cash equlvalents 209.900 209,900 125,8021 125,8021 184,098 184,098 Net debt 209,900 12S,8021 184.098 16 Commitments Operotlng lease commltments Annual commitments under non-cancellable operating leases are as follows.. 2024 Land and bulldlng$ 2024 2023 Land and bulldlngs 2023 Other Other Operatlng leases wlth explry date.. Penslon commltments 2024 2023 The penslon cost charge to the Charity amounted to: 5,328 5,950 Page 22
Anlaby Park Methodist Church stst&m•nt of C•Ah flows for the year ended 31 August 2024 2024 2023 Cash flows from operating actlvJtles Net expendlture per Ststement of Financlal Artivlties 162,6951 131,4201 Adjustments for". Depreciation of property. plant and equlpment Dlvidends, Interest and rents from Ihvestments Decrease in trade and other receivables Decrease in trade and other pèyables 37,603 13,2801 37,603 13,7291 6,605 11,9291 1491 Net cash (used in)Iprovided by operatlng actlvltles 128A211 7,130 Cash flows from Investlng artlvltles Dlvldends, Interest and rents from Investments 3,280 3,729 Net cash from Investlng actlvltles 3.280 3,729 Net cash frgm flnancln8 actlvltles Nèt Idecrease)Ilncrease In cash and cash equlvalents 125.1411 10,859 Cash wnd cash equfvalents It the beglnnlng of the year 209,900 199,041 Cash and cash equlvalènts at the end of the year 184,759 209,900 Components of cash and cash equlvalents Cash and bank balances 184,098 209,900 184,098 209,900 Page 23
Anlaby Park Methodist Church Dotsll•d Slatement of Fiiidntlyl Actlvltles forthè year ended 31 August 2024 Unrestrlcte d funds 2024 Total funds Totsl funds 20Z4 2023 2024 Income and endowments from: Donations and legacles Collectlons Tax Credits Donatlons 36,669 11,923 610 36,669 11,923 610 41,320 6,888 48,208 49,202 49,202 Charltable artivitles Lettlngs Grants Fund Raisin8 Inew floorl other 13,101 1,258 51,836 19,547 85,742 13,101 1.258 51,836 19,547 85,742 18,782 7,403 11,698 37,883 Other tradlng activlties Pre- school 237,961 237,961 237,961 237,961 205,053 205,053 Investments CFB Interest TMCT Interest 2,619 661 2,619 661 3,345 384 3,729 294,873 3.280 3,280 376,185 Total Income and endowments Expendlture on.. Other expendlture Clrcult Assessment Intemal organlsations 376,18S 30,000 49,527 79,527 30,000 49,527 79,527 31,029 54,330 85,359 Employee costs Salaries/wage5 Employer's NIC Pension costs 174,941 30,192 5,328 210,461 174,941 30,192 5,328 210,461 148,564 23,136 5,950 177,650 Premises costs Light, heat and power Premi5e5 repzlrs and malntenance 7,239 7,239 11.015 104,050 104,050 14,666 111.289 111,289 25.681 General adminlstrative costs. including depreciation and amurt15ation Depreciation of land and buildings 28.974 28,974 28,974 Page 24
Anlaby Park Methodlst Church Detalled Statemont of Fln4ftti¥l ktNlties Depreciation of 8.629 37,603 438,880 8,629 37,603 438,880 8,629 37.603 326,293 Total of expenditure of ozher costs Totsl expenditure 438,880 438,880 326,293 Net gains on investments Net èxpenditure 162.6951 162,695} 131,4201 Net expenditure before other galns/llo55e51 Other Gains 162,6951 162,6951 131,4201 Net movement in funds 162,6951 162,6951 131,4201 Reconcillatlon of lunds". Total funds brought forward 1,918,780 75,778 1,994,558 2,025,978 Total funds carrled fonvard 1,856,085 75,778 1.951,863 1,994,558 Page 25