REGISTERED CHARITY NUMBER: 1129256
Report of the Trustees and Financial Statements for the Year Ended 31 August 2020 for
Chapel Field Road Methodist Church Norwich
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Chapel Field Road Methodist Church, Norwich
Report of the Trustees for the year ended 31 August 2020
The Trustees present their annual report with the financial statements for the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1129256
Principal address
Chapel Field Road Norwich NR2 1SD
Trustees
In accordance with the Standing Orders of the Methodist Conference, which is the governing body of the Methodist Church, the trustees of the Church are the members of the Church Council. The names of the Trustees who served during 2019/2020 are as follows:
Revd Matthew Olanrewaju Christina Potter Akua Tetebo Pauline Mann Roger Drake Geoffrey Brown David Ingham Ann Waterhouse (left 17.02.20) Roderick Moore Paul Binney Terence Dunning (left 31.08.20) Michael Garratt Daphne Buxton Lynette Watts (left 31.08.20) Pamela ParkerBrown Frances Middleton Zing Eagling Stephen Osborn Ruth Gaskin (from 01.09.20) Margaret Snelling Christopher Hopper Martin Nisbett (from 01.09.20)
The Church Council is elected by the members of the Church.
Independent Examiner
Mark Johnstone FCA Argents Chartered Accountants 15 Palace Street Norwich NR3 1RT
Advisers
Bankers Lloyds Bank plc 48 High Street Newmarket, Suffolk CB8 8LF
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a Deed of Union (1932) and The Methodist Church Act (1976). It constitutes an unincorporated charity.
The Church is a member of the Norwich Circuit of the Methodist Church.
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Risk assessment
The premises are properly insured and Health and Safety reviews take place annually with Fire Evacuation Practices held from time to time. A risk register is maintained to safeguard the Church’s assets and future work and the Disclosure and Barring Service is consulted as appropriate. All trustees and others working with children, young people and vulnerable adults are required to attend a safeguarding foundation module training course. An asset register is maintained by the Treasurer.
OBJECTIVES AND ACTIVITIES
Objectives and aims
We are a large and diverse church set within the city centre of Norwich, England with attractive premises which are intended to speak of welcome and access for all.
Through our Ministry and Leadership Teams and through the many resources within our congregation we are always looking to be more effective in our witness for Christ within a city centre context.
Volunteers
The church is sincerely grateful to very many members who give freely of their time and talents to further its work and Christian witness.
ACHIEVEMENT AND PERFORMANCE
Due to the restrictions made necessary by the 2020 coronavirus pandemic the church had to close for worship and group meetings from mid March. The Church continued to hold weekly Christian services using an online interactive platform and these were well supported and valued by its congregation. Contact, albeit remote, was maintained with the church family in a variety of ways through our minister and our pastoral care network.
Sadly the restrictions also meant that the many local community groups which normally meet on our premises could not do so, including the Syrian refugee families in the People from Abroad project who attended English language classes.
The trustees have complied with their duty to have due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.
FINANCIAL REVIEW
During this pandemic our congregation has continued to support the church financially through offertories and donations and their generosity has been greatly appreciated and vital in providing most of the income needed to pay all ongoing expenses.
Due to the closure of the church for almost half our financial year the income received from groups meeting on our premises was substantially down compared to previous years. This reduction in income was partially offset by claims made on the Government Coronavirus Job Retention Scheme. Two new legacies were received during the year which enabled the church to make up the shortfall in other income and enabled us to install an Audio Visual System in the church. This has proved to be a great benefit in helping us to provide online worship.
Reserves Policy
Funds are held in accordance with the Church’s Reserves Policy and are believed to be adequate for the declared aims and objectives of the Church and the necessary maintenance of its Grade Two listed premises.
Approved by the Church Council on 26 February 2021 and signed on its behalf by:
P Mann – Trustee
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Independent Examiner's Report to the Trustees of Chapel Field Road Methodist Church, Norwich
Independent examiner's report to the trustees of Chapel Field Road Methodist Church, Norwich
I report to the charity trustees on my examination of the accounts of Chapel Field Road Methodist Church, Norwich (the Trust) for the year ended August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable 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.
Mark Johnstone FCA
Argents Chartered Accountants 15 Palace Street NORWICH Norfolk NR3 1RT
Date: ............................................. 6 April 2021
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Chapel Field Road Methodist Church
Statement of Financial Activities
for the year ended 31 August 2020
| Notes INCOMING & ENDOWMENTS FROM Donations and tax recoverable 2 Legacies 2 Activities for generating funds 3 Investment Income 4 Incoming resources from charitable activities Charitable activities 5 Total incoming resources EXPENDITURE ON Charitable activities 6 Total resources expended NET INCOME/(EXPENDITURE) before transfers Gross transfers between funds 14 Net income/(expenditure) before other recognised gains and losses Net gains/losses on investments 10 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds £ 104,925 60,837 17,853 5,159 2,884 191,658 180,848 180,848 10,810 2,109 12,919 -4,092 8,827 5,707,707 5,716,534 |
Restricted Funds £ 891 400 5,918 7,209 9,216 9,216 -2,007 -2,109 -4,116 -4,116 23,585 19,469 |
Endowment Funds £ 0 0 0 0 -15 -15 930 915 |
2020 Total Funds 2019 Total Funds £ £ 105,816 109,941 60,837 5,000 18,253 34,935 5,159 7,476 8,802 17,670 198,867 175,022 190,064 211,006 190,064 211,006 8,803 -35,984 0 0 8,803 -35,984 -4,107 3,869 4,696 -32,115 5,732,222 5,764,337 5,736,918 5,732,222 |
|---|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
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Chapel Field Road Methodist Church
Balance Sheet
At 31 August 2020
| Notes FIXED ASSETS Tangible assets 9 Investments 10 CURRENT ASSETS Debtors 11 Investments 12 Cash at Bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS NET ASSETS FUNDS 14 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Unrestricted Funds £ 5,330,574 253,421 5,583,995 30,750 78,404 30,843 139,997 (7,458) 132,539 5,716,534 |
Restricted Funds £ 0 23 11,600 7,846 19,469 19,469 19,469 |
Endowment Funds £ 857 857 58 58 58 915 |
2020 Total Funds £ 5,330,574 254,278 5,584,852 30,773 90,062 38,689 159,524 (7,458) 152,066 5,736,918 5,716,534 19,469 915 5,736,918 |
2019 Total Funds £ 5,324,448 258,385 |
|---|---|---|---|---|---|
| 5,582,833 40,053 90,415 22,621 |
|||||
| 153,089 (3,700) |
|||||
| 149,389 | |||||
| 5,732,222 | |||||
| 5,707,707 23,585 930 |
|||||
| 5,732,222 |
The financial statements were approved by the Church Council on 26 February 2021 and were signed on its behalf by:
G Brown - Trustee
Revd M Olanrewagu - Trustee
Chapel Field Road Methodist Church
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Notes to the Financial Statements for the year ended 31 August 2020
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at bid value.
Incoming resources
These are included in the Statement of Financial Activities (SOFA) when the church becomes entitled to the resources; the Trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. In respect of legacy income only, income is only recognised on receipt of funds to the church bank or TMCP accounts.
Resources expended
Expenditure is recognised when a liability is incurred, or a constructive obligation arises that results in the payment being unavoidable. Expenditure is accounted for on an accruals basis.
Tangible fixed assets
Church land and buildings are owned by the Trustees for Methodist Church Purposes (TMCP) and the local Church
Council acts as Managing Trustee.
On adoption of FRS102 on 1.9.2016, the Church land and buildings and the Church organ were valued at their replacement costs of £4,950,000 and £350,000 respectively. We have elected to treat this value as deemed cost in line with transition exemptions available. The original costs were £987 for the land, £5,420 for the building and £576 for the organ, all purchased in the 1880s.
The building and the organ are subject to a regular maintenance programme, thus maintaining their value; for this
reason it is not considered necessary to provide for depreciation of these assets.
All other tangible fixed assets with a value of £1000 and over are capitalised and included in the Balance Sheet. Their value is depreciated on a straight line basis over 5 years.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Chapel Field Road Methodist Church
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Notes to the Financial Statements for the year ended 31 August 2020
Fixed asset investments
Investments held in TMCP trusts are valued in the balance sheet at bid 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.
Current asset investments
These are held in interest bearing accounts operated by TMCP and the Central Finance Board. Interest earned is shown on the SOFA.
Liability recognition
Liabilities are recognised as soon as there is legal or constructive obligation committing the church to pay out resources.
Irrecoverable VAT
This is included within the relevant costs incurred by the charity.
| 2 DONATIONS AND LEGACIES Offerings, donations and tax recoverable Legacies Special collections for other charities Coronavirus Job Retention Scheme grant 3 ACTIVITIES FOR GENERATING FUNDS Fundraising activities Lettings 4 INVESTMENT INCOME Investments and deposit income 5 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Church Groups Other income from charitable activities |
2020 £ 97,131 60,837 891 7,794 166,653 2020 £ 400 17,853 18,253 2020 £ 5,159 2020 £ 5,918 2,884 8,802 |
2019 £ 107,551 5,000 2,390 0 |
|---|---|---|
| 114,941 | ||
| 2019 £ 4,239 30,696 |
||
| 34,935 | ||
| 2019 £ |
||
| 7,476 | ||
| 2019 £ 13,474 4,196 |
||
| 17,670 |
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Chapel Field Road Methodist Church
Notes to the Financial Statements
for the year ended 31 August 2020
| 6 DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Insurance and utilities Circuit Assessment Donations Special collections for other charities Repairs and maintenance Other expenditure Church Groups Depreciation Independent Examination Fee |
2020 £ 25,944 11,158 100,980 8,808 891 19,891 8,649 4,217 7,966 1,560 190,064 |
2019 £ 24,613 11,563 102,480 7,125 2,390 36,094 9,585 9,046 6,670 1,440 |
|---|---|---|
| 211,006 |
7 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
| 8 STAFF COSTS Wages and Pension Contributions Social security costs The average monthly number of employees during the year was as follows: Full time employees |
2020 £ 25,944 0 25,944 2020 1 |
2019 £ 24,613 0 |
|---|---|---|
| 24,613 | ||
| 2019 1 |
No employees received emoluments in excess of £60,000.
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Chapel Field Road Methodist Church
Notes to the Financial Statements
for the year ended 31 August 2020
| 9 TANGIBLE FIXED ASSETS Church building Organ £ £ COST At 1 September 2019 4,950,000 350,000 Additions Disposals At 31 August 2020 4,950,000 350,000 DEPRECIATION At 1 September 2019 Charge for year Eliminated on disposal At 31 August 2020 0 0 NET BOOK VALUE At 31 August 2020 4,950,000 350,000 At 31 August 2019 4,950,000 350,000 10 FIXED ASSET INVESTMENTS BID VALUE At 1 September 2019 Additions Redemptions Revaluations At 31 August 2020 There were no investment assets outside the UK. 11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepaid Circuit Assessment and other prepayments Other debtors 12 CURRENT ASSET INVESTMENTS Central Finance Board and TMCP deposits 13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors |
Fixtures and fittings £ 146,368 14,092 -7,185 153,275 121,920 7,966 -7,185 122,701 30,574 24,448 |
Motor vehicles £ 22,000 22,000 22,000 22,000 0 0 2020 £ 25,620 5,153 30,773 2020 £ 90,062 2020 £ 7,458 |
Totals £ 5,468,368 14,092 -7,185 |
|---|---|---|---|
| 5,475,275 | |||
| 143,920 7,966 -7,185 |
|||
| 144,701 | |||
| 5,330,574 | |||
| 5,324,448 | |||
| Listed investments £ 258,385 -4,107 |
|||
| 254,278 | |||
| 2019 £ 29,953 10,100 |
|||
| 40,053 | |||
| 2019 £ 90,415 |
|||
| 2019 £ 3,700 |
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Chapel Field Road Methodist Church
Notes to the Financial Statements for the year ended 31 August 2020
| Notes to the Financial Statements for the year ended 31 August 2020 |
||||
|---|---|---|---|---|
| 14 MOVEMENT IN FUNDS Unrestricted funds General Property Transport Legacy Reserve Book Donations Fixtures and Fittings Church Buildings and Organ Restricted funds Legacy (Property/Benevolence) Benevolent Church Groups Endowment funds Endowment trusts TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General Property Transport Legacy Reserve Book Donations Fixtures and Fittings Restricted funds Legacy (Property/Benevolence) Benevolent Church Groups Fundraising Special Collections Endowment funds Endowment trusts TOTAL FUNDS |
At 1.9.19 £ 38,532 228,560 0 110,729 1,868 3,570 24,448 5,300,000 5,707,707 15,308 0 8,277 23,585 930 5,732,222 as follows: Incoming resources £ 130,559 30 60,837 232 191,658 5,918 400 891 7,209 198,867 |
Net movement in funds £ -19,664 -28,353 -1,649 55,011 -53 -4,700 6,126 6,718 -3,708 1,701 -2,007 -15 4,696 Resources expended £ -150,223 -28,383 -1,649 -1,734 -285 -4,700 6,126 -180,848 -3708 -4,217 -400 -891 -9,216 -190,064 |
Transfers between funds £ 20,109 30,000 -49,130 1,130 2,109 -15,308 15,308 -2,109 -2,109 0 Gains and losses £ -4,092 -4,092 0 -15 -4,107 |
At 31.8.20 £ 38,977 200,207 28,351 116,610 1,815 0 30,574 5,300,000 |
| 5,716,534 0 11,600 7,869 |
||||
| 19,469 915 |
||||
| 5,736,918 | ||||
| Movement in funds £ -19,664 -28,353 -1,649 55,011 -53 -4,700 6,126 |
||||
| 6,718 0 -3708 1,701 0 0 |
||||
| -2,007 -15 |
||||
| 4,696 |
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Chapel Field Road Methodist Church
Notes to the Financial Statements
for the year ended 31 August 2020
| Notes to the Financial Statements for the year ended 31 August 2020 |
||
|---|---|---|
| 14 COMPARATIVE MOVEMENT IN FUNDS At 1.9.18 Net movement in funds £ £ Unrestricted funds General 38,503 -2,481 Property 234,661 -53,905 Legacy Reserve 111,871 8,858 Book 147 -279 Donations 7,100 -4,530 Fixtures and Fittings 6,985 17,463 Church Buildings and Organ 5,300,000 5,699,267 -34,874 Restricted funds Legacy (Minibus) 32 -400 Legacy (Property/Benevolence) 57,760 Benevolent 0 -1,280 Church Groups 6,359 4,428 64,151 2,748 Endowment funds Endowment trusts 919 11 TOTAL FUNDS 5,764,337 -32,115 Net comparative movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General 152,128 -154,609 Property 520 -54,425 Legacy Reserve 5,000 Book 195 -474 Donations -4,530 Fixtures and Fittings 17,463 157,843 -196,575 Restricted funds Legacy (Minibus) -400 Legacy (Property/Benevolence) Benevolent -1280 Church Groups 13,474 -9,046 Fundraising 1,315 -1,315 Special Collections 2,390 -2,390 17,179 -14,431 Endowment funds Endowment trusts TOTAL FUNDS 175,022 -211,006 |
Transfers between funds £ 2,510 47,804 -10,000 2,000 1,000 43,314 368 -42,452 1,280 -2,510 -43,314 0 Gains and losses £ 3,858 3,858 0 11 3,869 |
At 31.8.19 £ 38,532 228,560 110,729 1,868 3,570 24,448 5,300,000 |
| 5,707,707 0 15,308 0 8,277 |
||
| 23,585 930 |
||
| 5,732,222 | ||
| Movement in funds £ -2,481 -53,905 8,858 -279 -4,530 17,463 |
||
| -34,874 -400 0 -1280 4,428 0 0 |
||
| 2,748 11 |
||
| -32,115 |
Chapel Field Road Methodist Church
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Notes to the Financial Statements for the year ended 31 August 2020
14 MOVEMENT IN FUNDS - continued
Fund
Purpose of the fund
General Working capital to support ongoing commitments Property Building costs and purchase of equipment Transport Provision of a minibus service and other transport costs. Legacy Reserve Church projects and contingencies Legacy Reserve - Restricted Restricted purposes as shown Book Purchase of books Benevolent Benevolence Church Groups Balances held by these groups Fundraising The Vidiyal Trust Special Collections Collections for other charities Donations Donations from church funds to other charities Church Buildings and Organ Deemed replacement costs on adoption of FRS102 Fixtures and Fittings Identification of the book value of these assets at the year end Endowment Legacy capital cannot be spent. Interest used in General Fund
Summary of Church Group funds as at 31 August 2020
| Church group Badminton Cameo CFR Traidcraft Choir Tuesday Friendship Club Mary Chapman Club Monday Scrabble Club Short Tennis Senior Table Tennis TOTAL |
Opening balance £ 976 78 63 184 3,806 3,053 49 50 18 8,277 |
Incoming resources £ 406 564 2,356 16 1,386 375 210 80 525 5,918 |
Resources expended £ -150 -2,390 -1,060 -565 -20 -32 -4,217 |
Transfers £ -550 72 -456 -360 -240 -100 -475 -2,109 |
Closing balance £ 832 492 101 200 3,676 2,503 19 10 36 |
|---|---|---|---|---|---|
| 7,869 |
15 Legacy
At the year end the Church was awaiting distribution of a legacy valued at £21,000.
16 Related Parties
There were no related party transactions in the year under review.