## **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**
**1**
## **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.
2
## **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
3
## **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:
1. 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
3. 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
Page 1
4
## **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.
5
## **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**
6
## **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**
7
## **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|
8
## **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.
9
## **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|
10
## **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**|
11
## **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**
12
## **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.