## **REGISTERED CHARITY NUMBER: 1129256**
**Report of the Trustees and Financial Statements for the Year Ended 31 August 2022 for**
**Chapel Field Road Methodist Church Norwich**
## **Chapel Field Road Methodist Church, Norwich**
## **Report of the Trustees for the year ended 31 August 2022**
The Trustees present their annual report with the financial statements for the charity for the year ended 31 August 2022. 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 2021/2022 are as follows:
Revd Matthew Olanrewaju Ruth Gaskin Daphne Buxton (left 1.3.22) Pauline Mann David Ingham Akua Tetebo (left 1.5.22) Geoffrey Brown Frances Middleton Paul Binney (left 31.8.22) Roderick Moore Stephen Osborn Christopher Hopper (from 1.9.22) Michael Garratt Martin Nisbett Elisabeth Traverse (from 1.9.22) Pamela ParkerBrown David Everitt Kathrine Garratt (from 1.9.22) Zing Eagling Colin Arnold Samweli Mnena (from 1.9.22) Margaret Snelling Jacques Kalume Masha Mnena (from 1.9.22) Christina Potter
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**
Our church was able to remain open for weekly Christian services during this Methodist year as the restrictions made necessary by the coronavirus pandemic had eased. Also a number of our own church groups and other local community groups started meeting again on our premises. This included the Syrian refugee families in the Norfolk County Council’s People from Abroad project who attend English language classes.
Contact has been maintained with the church family in a variety of ways through our ministry team and our pastoral care network. We have also continued to live stream our Sunday morning services for those unable to attend church.
We have been encouraged by an increasing number of children and young families joining our services and Sunday School each week and look forward to welcoming our new Youth and Family Pastor in September 2022.
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**
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 ongoing expenses.
Income received from letting our premises to local community groups returned to pre-covid levels. Major repairs were needed to the church roof and front elevation brickwork costing £11.5k and a contribution of £15k was made to the TMCP Pension Reserve Fund.
No new legacies were received during the year and the shortfall in income against expenditure resulted in a reduction in our reserves of £88,323, of which £20,118 was the reduction in the value of our investments.
A full breakdown of the movement of each individual fund is shown in note 14 of the accounts.
## **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 15 March 2023 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 2022.
## **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: ............................................. 12 April 2023
4
## **Chapel Field Road Methodist Church**
**Statement of Financial Activities for the year ended 31 August 2022**
|||**Unrestricted**|**Restricted**|**Endowment**|**2022 Total**|2021 Total|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**Funds**|Funds|
||**Notes**|**£**|**£**|**£**|**£**|**£**|
|**INCOMING & ENDOWMENTS FROM**|||||||
|Donations and tax recoverable|2|**93,673**|**3,648**||**97,321**|106,995|
|Legacies|2||||**0**|33,034|
|Other trading activities|3|**29,734**|**950**||**30,684**|1,468|
|Investment Income|4|**6,100**|||**6,100**|4,109|
|Charitable activities|5|**3,761**|**3,928**||**7,689**|4,285|
|**Total incoming resources**||**133,268**|**8,526**|**0**|**141,794**|149,891|
|**EXPENDITURE ON**|||||||
|**Charitable activities**|6|**200,993**|**9,006**||**209,999**|165,512|
|**Total resources expended**||**200,993**|**9,006**|**0**|**209,999**|165,512|
|**NET INCOME/(EXPENDITURE) before transfers**||**-67,725**|**-480**|**0**|**-68,205**|-15,621|
|**Gross transfers between funds**|14|**1,515**|**-1,515**||**0**|0|
|**Net income/(expenditure) before other**|||||||
|**recognised gains and losses**||**-66,210**|**-1,995**|**0**|**-68,205**|-15,621|
|Net gains/losses on investments|10|**-20,054**||**-64**|**-20,118**|43,260|
|**Net movement in funds**||**-86,264**|**-1,995**|**-64**|**-88,323**|27,639|
|**RECONCILIATION OF FUNDS**|||||||
|**Total funds brought forward**||**5,748,694**|**14,791**|**1,072**|**5,764,557**|5,736,918|
|**TOTAL FUNDS CARRIED FORWARD**||**5,662,430**|**12,796**|**1,008**|**5,676,234**|5,764,557|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
5
## **Chapel Field Road Methodist Church**
## **Balance Sheet**
## **At 31 August 2022**
|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**
£
**5,314,823**
**276,470**
**5,591,293**
**34,323**
**21,555**
**17,632**
**73,510**
**(2,373)**
**71,137**
**5,662,430**|**Restricted**
**Funds**
£
**0**
**5**
**9,780**
**3,011**
**12,796**
**12,796**
**12,796**|**Endowment**
**Funds**
£
**950**
**950**
**58**
**58**
**58**
**1,008**|**2022 Total**
**Funds**
£
**5,314,823**
**277,420**
**5,592,243**
**34,328**
**31,393**
**20,643**
**86,364**
**(2,373)**
**83,991**
**5,676,234**
**5,662,430**
**12,796**
**1,008**
**5,676,234**|2021 Total
Funds
£
5,324,248
297,538|
|---|---|---|---|---|---|
||||||5,621,786
32,710
89,386
24,385|
||||||146,481
(3,710)|
||||||142,771|
||||||5,764,557|
||||||5,748,694
14,791
1,072|
||||||5,764,557|
The financial statements were approved by the Church Council on 15 March 2023 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 2022**
## **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 2022**
## **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
Coronavirus Job Retention Scheme grant
Legacies
Special collections for other charities
**3**
**OTHER TRADING ACTIVITIES**
Fundraising activities
Lettings
**4**
**INVESTMENT INCOME**
Investments and deposit income
**5**
**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**
Church Groups
Other income from charitable activities|**2022**
**£**
**92,208**
**1,465**
**3,648**
**97,321**
**2022**
**£**
**950**
**29,734**
**30,684**
**2022**
**£**
**6,100**
**2022**
**£**
**3,928**
**3,761**
**7,689**|2021
£
91,650
14,801
33,034
544|
|---|---|---|
|||140,029|
|||2021
£
355
1,113|
|||1,468|
|||2021
£|
|||4,109|
|||2021
£
1,492
2,793|
|||4,285|
8
## **Chapel Field Road Methodist Church**
## **Notes to the Financial Statements**
**for the year ended 31 August 2022**
|**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|**2022**
**£**
**27,262**
**12,517**
**102,480**
**4,960**
**3,648**
**24,008**
**20,541**
**3,598**
**9,425**
**1,560**
**209,999**|2021
£
28,938
9,087
89,670
6,880
544
13,913
4,406
1,493
9,021
1,560|
|---|---|---|
|||165,512|
## **7 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
|**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|**2022**
**£**
**27,262**
**0**
**27,262**
**2022**
**1**|2021
£
28,938
0|
|---|---|---|
|||28,938|
|||2021
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 2022**
|**9**
**TANGIBLE FIXED ASSETS**
**Church**
**building**
**Organ**
£
£
**COST**
At 1 September 2021
**4,950,000**
**350,000**
Additions
Disposals
At 31 August 2022
**4,950,000**
**350,000**
**DEPRECIATION**
At 1 September 2021
Charge for year
Eliminated on disposal
At 31 August 2022
**0**
**0**
**NET BOOK VALUE**
At 31 August 2022
**4,950,000**
**350,000**
At 31 August 2021
4,950,000
350,000
**10**
**FIXED ASSET INVESTMENTS**
**BID VALUE**
At 1 September 2021
Additions
Redemptions
Revaluations
At 31 August 2022
There were no investment assets outside the UK.
**11**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepaid Circuit Assessment 2021/22 (1st Qtr)
Other debtors
**12**
**CURRENT ASSET INVESTMENTS**
Central Finance Board and TMCP deposits
**13**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Creditors|**Fixtures and**
**fittings**
£
**155,970**
**155,970**
**131,722**
**9,425**
**141,147**
**14,823**
24,248|**Motor**
**vehicles**
**£**
**0**
**0**
**0**
**0**
**2022**
**£**
**23,058**
**11,270**
**34,328**
**2022**
**£**
**31,393**
**2022**
**£**
**2,373**|**Totals**
£
**5,455,970**
**0**
**0**|
|---|---|---|---|
||||**5,455,970**|
||||**131,722**
**9,425**
**0**|
||||**141,147**|
||||**5,314,823**|
||||5,324,248|
||||**Listed**
**investments**
**£**
**297,538**
**-20,118**|
||||**277,420**|
||||2021
£
25,620
7,090|
||||32,710|
||||2021
£
89,386|
||||2021
£
3,710|
10
## **Chapel Field Road Methodist Church**
**Notes to the Financial Statements for the year ended 31 August 2022**
|**Notes to the Financial Statements**
**for the year ended 31 August 2022**|||||
|---|---|---|---|---|
|**14**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General
Property
Transport
Legacy Reserve
Book
Donations
Fixtures and Fittings
Church Buildings and Organ
**Restricted funds**
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**
Benevolent
Church Groups
Fundraising
Special Collections
**Endowment funds**
Endowment trusts
**TOTAL FUNDS**|**At 1.9.21**
**£**
**39,017**
**195,062**
**28,751**
**159,794**
**1,822**
**0**
**24,248**
**5,300,000**
**5,748,694**
**10,595**
**4,196**
**14,791**
**1072**
**5,764,557**
as follows:
**Incoming**
**resources**
**£**
**133,113**
**155**
**133,268**
**3,928**
**950**
**3,648**
**8,526**
**141,794**|**Net**
**movement in**
**funds**
**£**
**-22,758**
**-17,396**
**-35,054**
**54**
**-3,200**
**-9,425**
**-87,779**
**-810**
**330**
**-480**
**-64**
**-88,323**
**Resources**
**expended**
**£**
**-155,871**
**-17,396**
**-15,000**
**-101**
**-3,200**
**-9,425**
**-200,993**
**-810**
**-3,598**
**-950**
**-3,648**
**-9,006**
**-209,999**|**Transfers**
**between**
**funds**
**£**
**22,515**
**22,000**
**-22,000**
**-24,200**
**3,200**
**1,515**
**-1,515**
**-1,515**
**0**
**Gains and**
**losses**
**£**
**-20,054**
**-20,054**
**0**
**-64**
**-20,118**|**At 31.8.22**
**£**
**38,774**
**199,666**
**6,751**
**100,540**
**1,876**
**0**
**14,823**
**5,300,000**|
|||||**5,662,430**
**9,785**
**3,011**|
|||||**12,796**
**1008**|
|||||**5,676,234**|
|||||**Movement**
**in funds**
**£**
**-22,758**
**-17,396**
**0**
**-35,054**
**54**
**-3,200**
**-9,425**|
|||||**-87,779**
**-810**
**330**
**0**
**0**|
|||||**-480**
**-64**|
|||||**-88,323**|
11
## **Chapel Field Road Methodist Church**
## **Notes to the Financial Statements**
**for the year ended 31 August 2022**
|**Notes to the Financial Statements**
**for the year ended 31 August 2022**|||
|---|---|---|
|**14**
**COMPARATIVE MOVEMENT IN FUNDS**
**At 1.9.20**
**Net**
**movement in**
**funds**
**£**
**£**
**Unrestricted funds**
General
**38,977**
**-21,945**
Property
**200,207**
**-14,145**
Transport
**28,351**
**400**
Legacy Reserve
**116,610**
**76,017**
Book
**1,815**
**7**
Donations
**0**
**-5,520**
Fixtures and Fittings
**30,574**
**-6,326**
Church Buildings and Organ
**5,300,000**
**5,716,534**
**28,488**
**Restricted funds**
Benevolent
**11,600**
**-1,005**
Church Groups
**7,869**
**-1**
**19,469**
**-1,006**
**Endowment funds**
Endowment trusts
**915**
**157**
**TOTAL FUNDS**
**5,736,918**
**27,639**
Net comparative movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General
**114,018**
**-135,963**
Property
**-14,145**
Transport
**400**
Legacy Reserve
**33,034**
**-120**
Book
**48**
**-41**
Donations
**-5,520**
Fixtures and Fittings
**-6,326**
**147,500**
**-162,115**
**Restricted funds**
Benevolent
**-1005**
Church Groups
**1,492**
**-1,493**
Fundraising
**355**
**-355**
Special Collections
**544**
**-544**
**2,391**
**-3,397**
**Endowment funds**
Endowment trusts
**TOTAL FUNDS**
**149,891**
**-165,512**|**Transfers**
**between**
**funds**
**£**
**21,985**
**9,000**
**-32,833**
**5,520**
**3,672**
**-3,672**
**-3,672**
**0**
**Gains and**
**losses**
**£**
**43,103**
**43,103**
**0**
**157**
**43,260**|**At 31.8.21**
**£**
**39,017**
**195,062**
**28,751**
**159,794**
**1,822**
**0**
**24,248**
**5,300,000**|
|||**5,748,694**
**10,595**
**4,196**|
|||**14,791**
**1072**|
|||**5,764,557**|
|||**Movement**
**in funds**
**£**
**-21,945**
**-14,145**
**400**
**76,017**
**7**
**-5,520**
**-6,326**|
|||**28,488**
**-1005**
**-1**
**0**
**0**|
|||**-1,006**
**157**|
|||**27,639**|
**Chapel Field Road Methodist Church**
12
## **Notes to the Financial Statements for the year ended 31 August 2022**
## **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 Transport costs Legacy Reserve Church projects and contingencies 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 2022**
|**Church group**
Badminton
Cameo
CFR Traidcraft
Choir
Mary Chapman Club
Monday Scrabble Club
Senior Table Tennis
**TOTAL**|**Opening**
**balance**
**£**
832
492
114
200
2,503
19
36
**4,196**|**Incoming**
**resources**
**£**
301
1,845
1,422
360
**3,928**|**Resources**
**expended**
**£**
-1,910
-10
-1,649
-29
**-3,598**|**Transfers**
**£**
-300
-492
98
-190
-362
-19
-250
**-1,515**|**Closing**
**balance**
**£**
833
0
147
0
1,914
0
117|
|---|---|---|---|---|---|
||||||**3,011**|
Note: The £3687 transfer from the Tuesday Friendship Club when it closed in August 2021 will be ring-fenced in the Church Accounts for future expenditure which accords with the purposes of the club when it met.
There were no related party transactions in the year under review.
**15 Related Parties**