## **MUMBLES   METHODIST   CHURCH** 

## **Annual Report and Accounts for the Year Ended August 31[st] 2021** 

**Registered Charity No. 1129281** 



**MUMBLES METHODIST CHURCH** 

**Annual Report and Accounts for the year ended 31[st] August 2021** 

|**Annual Report**<br>**Financial Accounts**<br>**Notes to the Accounts**<br>**Report of Independent Examiner**|**CONTENTS**<br>**Pages**<br>**1  to  8**<br>**9  to  10**<br>**11  to  19**<br>**20**|
|---|---|





## **MUMBLES METHODIST CHURCH** 

## **Annual Report for the Year Ended 31[st] August 2021** 

## **1.  Reference and Administrative Details** 

Mumbles Methodist Church is a constituent church of the Methodist ‘Connexion’ within the Swansea and Gower Circuit which in turn is part of the Wales Methodist Synod. It is a registered charity, Number 1129281. Its premises comprise the main church building on Mumbles Road and the Victoria Hall, situated on the opposite side of Dunns Lane facing the rear doors of the main building. 

Address: Mumbles Methodist Church, Mumbles Road, Mumbles, Swansea, SA3 4DH. Web: www.mumblesmethodist.org 

Minister: The Revd. Howard Long 

Address of Correspondent: Mrs Myra Maddock, Church Manager, Mumbles Methodist Church, Mumbles Road, Mumbles, Swansea SA3 4DH. 

Organisational Structure:       The members of the Church Council are the Managing 

Trustees. During the year 2020/21, the following people served as members of the Church Council: 

Chair: The Revd. Howard Long 

Mrs Sue Mortimer (Secretary); Mr David Boakes; Mrs Ellen Grounds; Mrs Linda Gwyther; Mr Geoff Maddock; Mrs Caroline Morgan; Mrs. Di Norton; Mr Roy Williams; Mrs Gill Worrall; Mr Andrew Crimp; Mrs Helen Evans; Mr Lee Wilcock; Mrs Cynthia Mumford; Mrs Caroline Wilcock; Mr Robert Allender; Mrs Alison Alderman; Mrs Caroline Buckler; Mr Mark Puntan; Mr Ken Allison; Mrs Julia Walters; Mr Will Watson. 

In attendance: Mrs Myra Maddock (Church Manager and Mrs Cerys Davies (Family and Youth Worker), both non-voting members. 

There is a Church Management Group accountable to the Church Council which oversees Finance and Property matters. 

The Church Council has established The Mumbles Methodist Open Door Company Limited to run Theo’s Coffee Shop, which operates in the church premises. Three Church members have served as directors of the company which includes the Church Manager. 

Membership: 

At 31[st] August 2021, there were 138 full members of the church. 

1. 



## **2.  Objectives and Activities** 

In reviewing its mission statement, key aims and objectives, the Church Council has considered and taken into account the Charity Commission’s guidance on public benefit, in particular the guidance on charities for the advancement of religion. It also operates within the priorities identified by the Methodist Church and by the Swansea and Gower Circuit: 

## _Priorities for the Methodist Church_ 

_In partnership with others wherever possible, the Methodist Church will concentrate its prayers, resources, imagination and commitments on this priority:_ _**To proclaim and affirm its conviction of God’s love in Christ, for us and for all the world; and renew confidence in God’s presence and action in the world and in the Church.**_ 

_As ways towards realizing this priority, the Methodist Church will give particular attention to the following:_ 

_1. Underpinning everything we do with God-centred worship and prayer._ 

_2. Supporting community development and action for justice, especially among the most deprived and poor – in Britain and worldwide._ 

_3. Developing confidence in evangelism and in the capacity to speak of God and faith in ways that make sense to all involved._ 

_4. Encouraging fresh ways of being Church._ 

_5. Nurturing a culture in the Church which is people centred and flexible._ 

## _Swansea and Gower Circuit Policy_ 

_As a Circuit we affirm the Priorities of the Methodist Church and seek to:_ 

_Express the Gospel through worship, word and action in fresh ways that will speak to the needs and culture of the people around us._ 

_Nurture Christian understanding and lifestyle through fellowship groups, study groups and prayer groups in the Churches._ 

_Encourage growth in church membership through evangelism, mission and pastoral care._ 

_Support existing chaplaincies and develop other chaplaincy work wherever possible._ 

_Work in partnership with other churches wherever possible in order for us to share in God’s mission more effectively._ 

_Play a full part in the work of the Methodist Church in Wales while being inspired and challenged as part of the worldwide Church of Christ._ 

_Be sensitive to environmental issues and be good stewards of our natural resources, while using all our resources as effectively as possible in implementing this policy.’_ 

2. 



## **2.  Objectives and Activities (cont.)** 

Within the above framework the church adopted the following mission statement and key aims: 

Church Mission Statement _**The church should make a vibrant and influential contribution to the life of Mumbles community, providing on a seven day per week basis throughout the year, and through the active involvement of its members,  facilities for collective and individual worship, together with a range of services to meet the identified needs of the local community.**_ 

Church Aims The aims identified in the Church Development Plan and by which the church seeks to fulfil its mission statement fall into four main areas:-  Worship; Pastoral Care; Learning and Development; and Mission and Outreach. 

- [a]      Worship The church is committed to enabling as many people as possible to worship at the church and to become part of the church community. In so doing it seeks both to encourage traditional and stimulate new and varied approaches to worship for individuals both inside and outside the confines of the church. 

- [b]      Pastoral Care The church aims to ensure that comprehensive pastoral support is available to all members within a well coordinated system incorporating effective communication between members, pastoral visitors and the minister. 

- [c]      Learning and Development The aim of learning and development within the church should be to ensure that as many people as possible are involved in thinking about their beliefs and their faith and in considering how those beliefs and that faith translate into daily living. 

- [d]      Mission and Outreach The church aims to reach out to the local community, sharing the good news of Jesus Christ. It strives to make a positive impact on that community and beyond it, by meeting particular needs, through the shared awareness of God’s love and presence. Within this aim the church seeks to maintain a high involvement with young people and their families. 

3. 



## **3. Achievements and Performance (September 2020 to August 2021)** 

Due to the COVID-19 lockdown restrictions many church activities were suspended or continued using online facilities. 

Sunday worship was carried out using the internet facility (Zoom) The services on Wednesday and Sunday are very well attended with the Sunday service in excess of 60 screens which in many cases would be two people per screen. 

Meetings such as Church Council, Pastoral, Management and Stewards meetings were all carried out via the Zoom system 

The following section summarises the progress made during the year in the key areas of the Development and Growth Plan. 

## [a]      Worship 

Sunday morning and Wednesday lunchtime services online were well attended. 

[b] Pastoral Care 

Pastoral ministry continues to be a very important aspect of our church’s life. There are 15 pastoral visitors who, between them, are responsible for keeping in touch with every member of the church. Their work is coordinated by a Pastoral Care Secretary. Meetings of the pastoral visitors are held at least twice yearly and a report on any members with particular needs is given to each meeting of the Church Council.  Pastoral care continued during lockdown with pastoral visitors contacting their groups by telephone or online. 

## [c] Learning and Development 

(i) A Cell Group continued to meet online with an emphasis on prayer, Bible study, fellowship and mission. 

(ii) An Alpha Course was held online with over 40 people attending. 

## [d] Mission and Outreach 

(i) Throughout lockdown the church held a fortnightly foodbank collection in the church car park and delivered donations to the Penderry Community Foodbank hub. 

(ii) Family and Youth Worker The church employs a Family and Youth Worker whose job description includes the following: 

To develop links with local schools by informing them of activities, participation in assemblies and inviting class groups to the church as part of their national curricular work and to target certain key family areas in the community - including the underprivileged, single parents etc. -  to ensure that these are included in activities. 

A Management Group meets regularly to oversee and support the work. 

4. 



## **3. Achievements and Performance (September 2020 to August 2021) (cont.)** 

## [d] Mission and Outreach (cont.) 

(ii) Family and Youth Worker (cont.) 

The work undertaken is normally as follows: 

(a)       Parent and Toddler Group To do biblical craft activities through each term and hold a Christmas Service for the children in the worship area. The group meets on Wednesday mornings. 

(b) Youth Organisations Comet Club runs on a Sunday morning aimed at primary school-aged children, with older young people coming along to help. The Family and Youth Worker also runs a youth club on Sunday evenings. 

There are also joint youth group events throughout the year with Mumbles Baptist Church, Castleton and Red Cafe. Also, there is the Big Day Out at the Church which is a youth event for young people from Methodist Churches across South Wales. 

(c) Other The Family and Youth Worker organises and runs an Open the Book sessions in a local Primary school aided by a team of volunteers. She also organises Messy Church in conjunction with Castleton Chapel and this is also run throughout the year in Mumbles. 

(d) Family Services   Along with Rev Howard Long, the Family and Youth Worker regularly take part in these services. 

## Changes due to Lockdown 

All face to face contact has ceased due to the restrictions placed by the Government in response to Covid 19.  In order to maintain contact with children/young people/families the following activities were introduced: 

- What’s App group for parents and a weekly Zoom catch up/bible study to offer mutual support and prayer. 

- Comet Club continues to run on a Sunday morning via Zoom. 

- Youth group continues to run on a Sunday evening via Zoom. 

- We have held a Zoom Messy Church. 

- Our Church Nativity play was held via Zoom. 

- The Family and Youth Worker was involved in planning the Big Day which was held online this year for young people across the Synod. 

5. 



## **4.  Structure and Governance** 

Mumbles Methodist Church is part of the Swansea and Gower Methodist Circuit that is accountable to the Wales Synod and the Methodist Conference. 

The governing documents are the Deed of Union 1932, the Methodist Church Act 1976 and Methodist Church Standing Orders as found in CPD (The Constitutional Practice and Discipline of the Methodist Church) 

Mumbles Methodist Church is cared for by a presbyter (ordained minister) employed by the Swansea and Gower Circuit. 

The decision making body for the Charity (who are its trustees and listed above) is the Church Council that meets 3 times per year. 

The Annual General Church meeting which is open to all members of the Church raises issues for consideration by the Church Council. 

Managing Trustees (all members of the Church Council) are ex officio, elected by Church members, or appointed by the Church Council. 

## **5.  Exemptions from Disclosure** 

There are no exemptions from disclosure. 

## **6.  Funds held as custodian trustee on behalf of others** 

There are no funds held as custodian trustee on behalf of others 

## **7.  Financial Review** 

[a]    Unrestricted Funds  The out-turn for the year reflects the continued effect of the pandemic resulting in of the Church and the Victoria Hall being closed for part of the year and the Notes to the Accounts recognises this as regards the preparation of the accounts on a going-concern basis. In total, the out-turn was a surplus of £12,607 as against as a deficit of £6,512 the year before. 

The income showed an increase from the previous year of £19,301 (£136,119 as against £116,818) and was mainly due to the £14,500 Contribution from Theo’s Coffee Shop (zero the previous year), the increase of £11,598 in the release of the National Heritage Grant and the increase of £12,232 in the receipt of the Government Wages Subsidy (the ‘Furlough Scheme’). These increases were offset mainly by drops in receipts from Lettings, the Contribution for Gower Crafts and from Donations, a total of £15,496. As against the budget, the out-turn was 172.5% of the budget mainly because of items not budgeted for, namely the Contribution from Theo’s – budgeted as zero – the National Heritage Grant, the Government Wages Subsidy, Insurance Claims and a £5,000 grant from the Synod for Family and Youth Work. 

6. 



## **7.  Financial Review (cont.)** 

## [a]    Unrestricted Funds (cont.) 

As regards expenditure, this showed only a small increase of £182 (£123,512 as against £123,330) mainly because of an increase in Repairs and Maintenance– up £7,852 (excluding repairs covered by insurance claims and mainly from painting the Worship Area) - offset by a drop in spend on Equipment and in Utility Costs. Otherwise, all other expenditure declined by just over £2,000 in total. As against the budget, the out-turn was 110.4% of the budget because of the increase in Repairs and Maintenance and because of repairs covered by insurance claims not budgeted for. 

There is a further adjustment to the out-turn of the £12,607 surplus, namely the movement in value of the Church shares which shows an increase in the year of £868 as against a drop of £489 in the previous year. This reflects the change in the value of the shares on the Balance Sheet mainly because of the increase in the US dollar v sterling exchange rate. This increased the surplus to 13,475. This, however, is offset by a Prior-Year Adjustment on the Family and Youth Work (F&YW) of £4,355 to account for an error in the treatment of the difference in Income and Spend on the F&YW in the previous year (see Restricted Funds below). 

## [b]    Restricted Funds 

We currently hold two restricted funds. The first is the Family and Youth Work (F&YW) Fund which is now only used to offset any deficit of the F&YW in Unrestricted Funds in the Statement of Financial Activities. In the current year, the income exceeded expenditure by £3,776 and so no adjustment was required. However, a prior-year adjustment was necessary because the calculation of a deficit in 2019/20 over-looked the amount received in that year of a Government Wages Subsidy of £4,355. This has now been corrected by the £4,355 being added back to the Fund; this means the Fund now totals £10,379. 

The second fund is the External Charities Fund which reflects monies collected on behalf of external charities and paid over to them and it is the movement on this fund which is shown in the Restricted Funds movement on the Statement of Financial Activities. During the current year we raised £58 as against £2,764 the previous year because of the shutdown caused by the pandemic and, at the year-end, there was just this £58 carried forward to be distributed in the following year. 

Total Restricted Funds balances at 31 August 2021 were, therefore, £10,437. 

## [c].  Trustees’ Reserves Policy 

This Reserves Policy relates to our General Funds and Designated Funds. No endowment funds are held. 

At 31 August 2021, our General Fund balance rose to £3,112,067 (including £2,990,000 for the value of land and buildings). Our Designated Funds amounted to £36,769 showing a drop of £4,311 to offset the expenditure on equipment. 

In total, our reserves excluding land and buildings were £122,067. The Church normally aims to hold such reserves amounting to approximately six months’ expenditure - in our case £61,756, so there is an excess of £60,311. The changes to the funds are shown in Note 16. 

We have considered our mission plans for the future and have decided that in order to meet our Circuit Assessment and cover our normal expenditure and routine repair and maintenance costs of the buildings plus set aside sufficient designated funds to meet anticipated major repairs, renewals, fixtures, fittings and equipment for the next five years, this level of reserves is necessary. 

7. 



7. Flnancial Review {conL)
[cl. Tnjstees. Reserves Poli
(conL)
This Reserves Policy is reviewed annually as pari of Ihe budget-setting pr￿ss.
The Annual Report for 2020-21 was approved by the Church Coun(il on 19 May 2022 and is
signed on their behalt.
Reverend Hovrdrd Long
Chair

## MUMBLES METHODIST CHURCH 

## _Statement of Financial Activities for the year ended 31 August 2021_ 

|Notes<br>**Incoming Resources**<br>Offerings and Tax Recoverable<br>4a<br>Lettings<br>4b<br>Contribution from Theo's Coffee Shop<br>Contribution from Gower Crafts & Artisans<br>Interest and Investment Income<br>4c<br>National Heritage Grant<br>4d<br>Government Wages Subsidy<br>4e<br>Other Income<br>4f<br>Family & Youth Work Income<br>4g<br>Monies collected for external charities<br>4h<br>**Total Incoming Resources**<br>**Resources Expended**<br>Circuit Assessment or Share<br>Staff Costs<br>5a<br>Repairs and Maintenance<br>5b<br>Equipment<br>5c<br>Insurance<br>Utilities<br>5d<br>Other Expenditure<br>5e<br>Family & Youth Work Expenditure<br>Monies paid over to external charities<br>**Total Resources Expended**<br>**Net Incoming/Outgoing(-) Resources**<br>Gains and Losses(-) on Investment Assets<br>6<br>**Sub Total**<br>Total Funds brought forward<br>Prior-Year Adjustment (Note 11)<br>**Revised Sub Total**<br>Transfers between Funds<br>16c<br>Church Building Revaluation<br>12<br>**Total Funds carried forward at end of year**|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>54,216<br>-<br>**54,216**<br>54,431<br>7,615<br>-<br>**7,615**<br>15,398<br>14,500<br>-<br>**14,500**<br>0<br>2,928<br>-<br>**2,928**<br>7,405<br>447<br>-<br>**447**<br>634<br>12,799<br>-<br>**12,799**<br>1,201<br>22,315<br>-<br>**22,315**<br>10,083<br>13,863<br>-<br>**13,863**<br>19,282<br>7,436<br>-<br>**7,436**<br>8,384<br>-<br>58<br>**58**<br>2,764|
|---|---|
||136,119<br>58<br>**136,177**<br>119,582|
||49,320<br>-<br>**49,320**<br>50,820<br>30,500<br>-<br>**30,500**<br>29,328<br>21,365<br>-<br>**21,365**<br>13,523<br>4,311<br>-<br>**4,311**<br>7,860<br>4,627<br>-<br>**4,627**<br>4,575<br>8,299<br>-<br>**8,299**<br>10,850<br>5,090<br>-<br>**5,090**<br>6,074<br>0<br>-<br>**0**<br>300<br>-<br>973<br>**973**<br>2,237|
||123,512<br>973<br>**124,485**<br>125,567|
||12,607<br>-915<br>**11,692**<br>-5,985<br>868<br>-<br>**868**<br>-489|
||13,475<br>-915<br>**12,560**<br>-6,474<br>3,102,947<br>6,997<br>**3,109,944**<br>2,116,418<br>-4,355<br>4,355<br>**0**<br>0|
||3,098,592<br>11,352<br>**3,109,944**<br>2,116,418|
||3,112,067<br>10,437<br>**3,122,504**<br>2,109,944<br>0<br>0<br>**0**<br>0<br>-<br>-<br>**0**<br>1,000,000|
||3,112,067<br>10,437<br>**3,122,504**<br>3,109,944|



The notes on pages 11 to 19 form part of these accounts. 

9. 



MUMBLES METHODIST CHURCH
stalementof Financial Posthn as 8t 31 August 2021
Unreslricted
Funds
Reslricled
Funds
Tolal
2021
Total
2020
Notes
Tanglble Flxgd Assets
Church Buildings and other propety
Investment Properties
Investments
12
2.990,rK)o
2.990.000
2.990.000
Total Flxed Assets
2.990.(XKJ
2.990.000
2,990,000
Current Assets
Debtors and PrepayTnents
Short-Temi Investments
Cash at Bank and in hand
13
14
12,669
6,233
114.827
12.669
6.233
125.264
18.001
5,365
116,183
10.437
Total Current Assets
133.729
10.437
144.166
139.549
Creditors, Accruals and Deferred InG(xne'.
amounts falling due wtthin one year
15
11.662
11,662
19,605
Net CurrentAssets
122.(￿7
10.437
132,S04
119,944
TotslAssets less Current Llabllltles
3,112.1%7
10,437
3,122.504
3.109.944
Loans and cxeditors due after one year
Provisions for liabilities and charges
Plet Assets
3.112.1￿7
10,437
3.122,504
3,109,944
Funds ofthe Church
Unrestricted Funds: General Fund
Unrestricted Funds". Designated Funds
Restricted Funds
3.075,298
36.769
3,075.298
36,769
10.437
3.061.867
41,080
6,997
16b
16c
10,437
Total Funds
3.112.(￿7
10.437
3,122,504
3,109,944
Approved by the Church Councll on 19 May 2022 and slgned on thelr behalf
Reverend Howar
Chair
Long
10.

MUMBLES METHODIST CHURCH 

_Notes to the Accounts_ 

## 1 **Basis of Preparation** 

## a) **Compliance with SORP** 

The financial statements have been prepared in accordance with 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 as amended February 2016) [Charities SORP (FRS 102)] and the Charities Act 2011 and applicable regulations. 

Mumbles Methodist Church meets the definition of a public benefit entity under FRS 102. The accounts have been prepared under the historical cost convention with items recognised at cost unless otherwise stated in the relevant note(s) to these accounts. 

## b) **Preparation of the accounts on a going-concern basis** 

The trustees are pleased that the Church has made a surplus this year but recognise that the very unusual circumstances we find ourselves in because of the pandemic still means that we have to be cautious about the immediate future. Accordingly, we are being very conservative about the new year and budgeting for a loss in the year. However, the trustees consider that the Church will recover from the results of the pandemic and that it has sufficient reserves to be in a very solvent position by the end of the new year. The trustees consider, therefore, that the Church is a going concern over the next 12 months. 

## 2 **Funds** 

The funds held constitute: 

(a) General Funds, which are unrestricted and held for any purpose of the Church; 

(b) Designated Funds, which are also unrestricted but where money has been set aside from General Funds as reserves for major repairs and renewals plus fixtures, fittings and equipment (our Renewals Funds); 

(c) Restricted Funds. There are two Restricted Funds: (i) the Family and Youth Work Fund which holds monies raised for the employment of a Family and Youth Worker and expanding Family and Youth Work within the Church and local community and (ii) the External Charities Fund which holds monies collected on behalf of external charities not yet paid over to them. 

Details of each fund are disclosed in Note 16 to these accounts. 

## 3 **Accounting Policies** 

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: 

## a) **Incoming Resources** 

These are included in the Statement of Financial Activities (SOFA) when the church becomes entitled to the resources, any performance conditions attached to the item(s) of income have been met, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. 

## b) **Interest Receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Church - this is normally upon notification of the interest paid or payable by the Bank or savings vehicle. 

## c) **Resources Expended** 

Expenditure is recognised when a liability is incurred, or a constructive obligation arises that results in the payment being unavoidable. 

11. 



MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## 3 **Accounting Policies (contd)** 

- d) **Liability recognition** 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the church to pay out resources. 

All expenditure is accounted for on an accruals basis. 

- e) **VAT** 

Since the church is not VAT-registered, all input VAT is charged with the expense to which it relates. 

- f) **Tangible fixed assets for use by the church** 

With the exception of land and buildings, all tangible fixed assets are written off in the year of acquisition. The church and hall buildings are stated as valued by a professional valuation on a depreciated replacement cost basis, based on the existing use. In respect of the current balance sheet valuation, the valuer was acting as an internal valuer. Depreciation is not considered necessary. 

A revaluation of the land and buildings was carried out in December 2019 and the effect of the revaluation is reflected in the accounts accordingly (see Note 12). Further revaluations will be carried out every 5 years thereafter. 

- g) **Stock** 

The church does not hold any material stocks. 

- h) **Debtors and Prepayments** 

   - Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## i) **Cash at bank and in hand** 

Cash at bank and in hand includes monies on deposit. 

j) **Creditors, Accruals, Deferred Income and Provisions** Creditors, accruals and provisions are recognised where the church 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 estimated reliably. Creditors, accruals and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

Deferred income is, in accrual accounting, money received for goods or services which have not yet been delivered. According to the revenue recognition principle, it is recorded as a liability until delivery is made, at which time it is converted into revenue. 

## k) **Financial Instruments** 

The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. See also Short-Term Investments (Note 3 l). 

## l) **Short-Term Investments** 

The Church owns shares in the 3M Company and receives dividends from them which are included in Interest and Investment Income in the Statement of Financial Activities. 

The shares are valued for Balance Sheet purposes at the closing value at the Balance Sheet date. The movement in the year is shown as in Gains or Losses on Investment Assets in the Statement of Financial Activities. 

12. 



MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## 3 **Accounting Policies (contd)** 

## m) **Employee Benefits** 

## i) Holiday Pay 

The annual leave year of the church follows the financial year from 1 September to 31 August. All leave is taken in the holiday-year period and there is no liability for unpaid holiday pay at the end of the year. 

## ii) Pensions 

Eligible employees were enrolled in the UK Government's NEST pension scheme as from 1 January 2017. NEST (National Employment Savings Trust) is a defined contribution workplace pension scheme where the contributions during the year were as follows: 

The Church 3% and the employee 5% of pensionable pay. 

The contribution rates will be increased in line with the minimum future requirements of the scheme. 

## n) **Related Party Transactions** 

The Church's subsidiary Theo's had an outstanding loan of £8,000 from the previous year which it paid in full during the year. 

13. 



## MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## 4 **Analysis of certain incoming resources figures** 

|a<br>Offerings and Tax Recoverable<br>Offerings<br>Income Tax Recovered<br>b<br>Lettings<br>Victoria Hall<br>Church Room Hire<br>c<br>Interest and Investment Income<br>Bank Interest<br>Dividends|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>43,200<br>-<br>**43,200**<br>43,535<br>11,016<br>-<br>**11,016**<br>10,896<br>54,216<br>-<br>**54,216**<br>54,431<br>7,615<br>-<br>**7,615**<br>14,773<br>0<br>-<br>**0**<br>625<br>7,615<br>-<br>**7,615**<br>15,398<br>311<br>-<br>**311**<br>458<br>136<br>-<br>**136**<br>176<br>447<br>-<br>**447**<br>634|Notes|
|---|---|---|
||||
||54,216<br>-||
||7,615<br>-<br>0<br>-||
||7,615<br>-||
||311<br>-<br>136<br>-||
||447<br>-||



## d National Heritage Grant 

The Church was given a grant of £14,000 from the National Heritage Grant Lottery Fund in 2019/20 in order to help it recover from the effects of being shut as a result of the effect of the pandemic. The grant was to offset the costs that the Church would incur in the following areas: Essential Maintenance, Buildings Insurance, PPE Equipment and Utilities and Cleaning. The grant was spent over two years: £1,201 in 2019/20 and the balance of £12,799 in 2020/21. 

## e Government Wages Subsidy 

The Church's staff continued to be furloughed under the Government's Job Retention Scheme throughout the year and grants received for each month through to August. The grants were paid at the rate of 80% of staff costs from September on but this reduced to 70% in July and to 60% in August. 

|f<br>Other Income<br>Donations Received<br>Circuit contribution to Connect magazine<br>Fund Raising<br>Insurance Claims<br>Miscellaneous<br>g<br>Family & Youth Work Fund Income<br>Donations Received<br>Income Tax Recovered on donations<br>Grants Received from Synod<br>Contribution from Parent & Toddler Group<br>h<br>Monies collected for external charities<br>Monies collected<br>Income Tax Recovered|6,401<br>-<br>**6,401**<br>9,637<br>0<br>-<br>**0**<br>552<br>0<br>-<br>**0**<br>1,271<br>7,362<br>-<br>**7,362**<br>7,377<br>100<br>-<br>**100**<br>445|
|---|---|
||13,863<br>-<br>**13,863**<br>19,282|
||2,100<br>-<br>**2,100**<br>2,401<br>336<br>-<br>**336**<br>352<br>5,000<br>-<br>**5,000**<br>5,000<br>0<br>-<br>**0**<br>631|
||7,436<br>-<br>**7,436**<br>8,384|
||-<br>58<br>**58**<br>2,236<br>-<br>0<br>**0**<br>528|
||-<br>58<br>**58**<br>2,764|



(i) 

## Notes 

## (i) Insurance Claims 

The £7,362 is in respect of the cost of repairs to one of the toilets in the Victoria Hall and is made up of £2,362 received in the current year together with an advance of £5,000 received in 2019/20 and which was brought forward as Deferred Income. This income is matched to Repairs and Maintenance covered by Insurance - see Note 5b. 

14. 



## MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## 5 **Analysis of certain resources expended figures** 

|a<br>Staff Costs<br>Church Manager and Cleaner<br>Family and Youth Worker<br>b<br>Repairs and Maintenance<br>Church repairs and maintenance<br>Repairs covered by insurance<br>Other<br>Victoria Hall repairs and maintenance<br>Repairs covered by insurance<br>Other<br>c<br>Equipment<br>Church<br>Theo's<br>PPE<br>d<br>Utilities<br>Church gas, electricity and water<br>Victoria Hall gas, electricity and water<br>e<br>Other expenditure<br>Mission<br>Church cleaning materials & equipment<br>Vic. Hall cleaning materials & equipment<br>Printing, Postage and Stationery<br>Telephone<br>Archiving<br>Payroll production & Wage Subsidy Claims<br>Independent Examiner<br>Donations Given<br>Licences (inc. Zoom)<br>Expenses<br>Miscellaneous|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>16,611<br>-<br>**16,611**<br>16,227<br>13,889<br>-<br>**13,889**<br>13,101<br>30,500<br>0<br>**30,500**<br>29,328<br>0<br>-<br>**0**<br>7,377<br>10,239<br>-<br>**10,239**<br>4,944<br>10,239<br>-<br>**10,239**<br>12,321<br>-<br>7,362<br>-<br>**7,362**<br>0<br>3,764<br>-<br>**3,764**<br>1,202<br>11,126<br>-<br>**11,126**<br>1,202<br>21,365<br>-<br>**21,365**<br>13,523<br>3,988<br>-<br>**3,988**<br>3,949<br>323<br>-<br>**323**<br>3,281<br>0<br>-<br>**0**<br>630<br>4,311<br>-<br>**4,311**<br>7,860<br>6,632<br>-<br>**6,632**<br>8,045<br>1,667<br>-<br>**1,667**<br>2,805<br>8,299<br>-<br>**8,299**<br>10,850<br>336<br>-<br>**336**<br>113<br>68<br>-<br>**68**<br>569<br>199<br>-<br>**199**<br>322<br>521<br>-<br>**521**<br>896<br>481<br>-<br>**481**<br>417<br>720<br>-<br>**720**<br>720<br>800<br>-<br>**800**<br>450<br>600<br>-<br>**600**<br>600<br>0<br>**0**<br>623<br>814<br>-<br>**814**<br>495<br>264<br>**264**<br>393<br>287<br>-<br>**287**<br>476<br>5,090<br>-<br>**5,090**<br>6,074|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>16,611<br>-<br>**16,611**<br>16,227<br>13,889<br>-<br>**13,889**<br>13,101<br>30,500<br>0<br>**30,500**<br>29,328<br>0<br>-<br>**0**<br>7,377<br>10,239<br>-<br>**10,239**<br>4,944<br>10,239<br>-<br>**10,239**<br>12,321<br>-<br>7,362<br>-<br>**7,362**<br>0<br>3,764<br>-<br>**3,764**<br>1,202<br>11,126<br>-<br>**11,126**<br>1,202<br>21,365<br>-<br>**21,365**<br>13,523<br>3,988<br>-<br>**3,988**<br>3,949<br>323<br>-<br>**323**<br>3,281<br>0<br>-<br>**0**<br>630<br>4,311<br>-<br>**4,311**<br>7,860<br>6,632<br>-<br>**6,632**<br>8,045<br>1,667<br>-<br>**1,667**<br>2,805<br>8,299<br>-<br>**8,299**<br>10,850<br>336<br>-<br>**336**<br>113<br>68<br>-<br>**68**<br>569<br>199<br>-<br>**199**<br>322<br>521<br>-<br>**521**<br>896<br>481<br>-<br>**481**<br>417<br>720<br>-<br>**720**<br>720<br>800<br>-<br>**800**<br>450<br>600<br>-<br>**600**<br>600<br>0<br>**0**<br>623<br>814<br>-<br>**814**<br>495<br>264<br>**264**<br>393<br>287<br>-<br>**287**<br>476<br>5,090<br>-<br>**5,090**<br>6,074|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>16,611<br>-<br>**16,611**<br>16,227<br>13,889<br>-<br>**13,889**<br>13,101<br>30,500<br>0<br>**30,500**<br>29,328<br>0<br>-<br>**0**<br>7,377<br>10,239<br>-<br>**10,239**<br>4,944<br>10,239<br>-<br>**10,239**<br>12,321<br>-<br>7,362<br>-<br>**7,362**<br>0<br>3,764<br>-<br>**3,764**<br>1,202<br>11,126<br>-<br>**11,126**<br>1,202<br>21,365<br>-<br>**21,365**<br>13,523<br>3,988<br>-<br>**3,988**<br>3,949<br>323<br>-<br>**323**<br>3,281<br>0<br>-<br>**0**<br>630<br>4,311<br>-<br>**4,311**<br>7,860<br>6,632<br>-<br>**6,632**<br>8,045<br>1,667<br>-<br>**1,667**<br>2,805<br>8,299<br>-<br>**8,299**<br>10,850<br>336<br>-<br>**336**<br>113<br>68<br>-<br>**68**<br>569<br>199<br>-<br>**199**<br>322<br>521<br>-<br>**521**<br>896<br>481<br>-<br>**481**<br>417<br>720<br>-<br>**720**<br>720<br>800<br>-<br>**800**<br>450<br>600<br>-<br>**600**<br>600<br>0<br>**0**<br>623<br>814<br>-<br>**814**<br>495<br>264<br>**264**<br>393<br>287<br>-<br>**287**<br>476<br>5,090<br>-<br>**5,090**<br>6,074|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>16,611<br>-<br>**16,611**<br>16,227<br>13,889<br>-<br>**13,889**<br>13,101<br>30,500<br>0<br>**30,500**<br>29,328<br>0<br>-<br>**0**<br>7,377<br>10,239<br>-<br>**10,239**<br>4,944<br>10,239<br>-<br>**10,239**<br>12,321<br>-<br>7,362<br>-<br>**7,362**<br>0<br>3,764<br>-<br>**3,764**<br>1,202<br>11,126<br>-<br>**11,126**<br>1,202<br>21,365<br>-<br>**21,365**<br>13,523<br>3,988<br>-<br>**3,988**<br>3,949<br>323<br>-<br>**323**<br>3,281<br>0<br>-<br>**0**<br>630<br>4,311<br>-<br>**4,311**<br>7,860<br>6,632<br>-<br>**6,632**<br>8,045<br>1,667<br>-<br>**1,667**<br>2,805<br>8,299<br>-<br>**8,299**<br>10,850<br>336<br>-<br>**336**<br>113<br>68<br>-<br>**68**<br>569<br>199<br>-<br>**199**<br>322<br>521<br>-<br>**521**<br>896<br>481<br>-<br>**481**<br>417<br>720<br>-<br>**720**<br>720<br>800<br>-<br>**800**<br>450<br>600<br>-<br>**600**<br>600<br>0<br>**0**<br>623<br>814<br>-<br>**814**<br>495<br>264<br>**264**<br>393<br>287<br>-<br>**287**<br>476<br>5,090<br>-<br>**5,090**<br>6,074|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>16,611<br>-<br>**16,611**<br>16,227<br>13,889<br>-<br>**13,889**<br>13,101<br>30,500<br>0<br>**30,500**<br>29,328<br>0<br>-<br>**0**<br>7,377<br>10,239<br>-<br>**10,239**<br>4,944<br>10,239<br>-<br>**10,239**<br>12,321<br>-<br>7,362<br>-<br>**7,362**<br>0<br>3,764<br>-<br>**3,764**<br>1,202<br>11,126<br>-<br>**11,126**<br>1,202<br>21,365<br>-<br>**21,365**<br>13,523<br>3,988<br>-<br>**3,988**<br>3,949<br>323<br>-<br>**323**<br>3,281<br>0<br>-<br>**0**<br>630<br>4,311<br>-<br>**4,311**<br>7,860<br>6,632<br>-<br>**6,632**<br>8,045<br>1,667<br>-<br>**1,667**<br>2,805<br>8,299<br>-<br>**8,299**<br>10,850<br>336<br>-<br>**336**<br>113<br>68<br>-<br>**68**<br>569<br>199<br>-<br>**199**<br>322<br>521<br>-<br>**521**<br>896<br>481<br>-<br>**481**<br>417<br>720<br>-<br>**720**<br>720<br>800<br>-<br>**800**<br>450<br>600<br>-<br>**600**<br>600<br>0<br>**0**<br>623<br>814<br>-<br>**814**<br>495<br>264<br>**264**<br>393<br>287<br>-<br>**287**<br>476<br>5,090<br>-<br>**5,090**<br>6,074|Notes|
|---|---|---|---|---|---|---|
|||||||(i)|
||30,500<br>0||||||
||||||||
||0<br>10,239|-<br>-||**0**<br>**10,239**|7,377<br>4,944||
||10,239<br>-<br>-||||||
||7,362<br>3,764|-<br>-||**7,362**<br>**3,764**|0<br>1,202||
||11,126<br>-||||||
||21,365<br>-||||||
||3,988<br>-<br>323<br>-<br>0<br>-||||||
||4,311<br>-||||||
||6,632<br>-<br>1,667<br>-||||||
||8,299<br>-||||||
||336<br>-<br>68<br>-<br>199<br>-<br>521<br>-<br>481<br>-<br>720<br>-<br>800<br>-<br>600<br>-<br>0<br>814<br>-<br>264<br>287<br>-||||||
||5,090<br>-||||||



## Notes 

(i) The cost of Repairs covered by insurance is matched by the Insurance Claims income - see Note 4f 

15. 



## MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## **Other Analysis** 

6 **Gains and Losses on Investment Assets** £ Unrestricted Funds: Short-Term Investment value (see note 14) August 2021 6,233 August 2020 5,365 Unrealised Gain or Loss(-) in year 868 

|||**Total**|Total|
|---|---|---|---|
|||**2021**|2020|
|||**£**|£|
|7|**Related Party Transactions**|||
||Trustees expenses|||
||Number of trustees paid expenses|None|None|
||Total amount paid|None|None|
|8|**Paid employees**|||



|Staff Costs paid during the year<br>Gross wages, salaries and benefits in kind<br>Employer's National Insurance costs<br>Employer's Pension costs<br>Total staff costs<br>The average number of employees in the<br>year was 3 (2020 – 3), all part time.|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>30,166<br>**-**<br>**30,166**<br>29,017<br>**-**<br>**-**<br>**-**<br>**-**<br>334<br>**-**<br>**334**<br>311|Unrestricted<br>Restricted<br>**Total**<br>Total<br>Funds<br>Funds<br>**2021**<br>2020<br>£<br>£<br>**£**<br>£<br>30,166<br>**-**<br>**30,166**<br>29,017<br>**-**<br>**-**<br>**-**<br>**-**<br>334<br>**-**<br>**334**<br>311|
|---|---|---|
||30,500<br>0|**30,500**<br>29,328|
||||



9 **Capital Commitments and Contingent Liabilities** 

|**al Commitments and Contingent Liabilities**|||||
|---|---|---|---|---|
||**Total**||Total||
||**2021**||2020||
||**£**||£||
|At 31stAugust, capital commitments amounted to:||0||0|
|Contingent liabilities amounted to:||0||0|



## 10 **Post-Balance Sheet events** 

(a) The Church has continued to allow people to attend services in person but under covid restrictions whilst offering Zoom Services for those who wish to follow the services from home. The Victoria Hall has been open for lettings but again under covid restrictions. 

(b) The work of the Family and Youth Work resumed in October. 

(c) The Church has paid a deposit towards the installation of solar panels on the Victoria Hall and work commenced on the installation in January. 

## 11 **Prior-Year Adjustment** 

The Family and Youth Work (F& YW) Restricted Fund is used to offset the deficit between F & YW Income and F & YW Spend. However, the Income used for this calculation should include that element of the Government Wages Subsidy that refers specifically to the F & YW wages rather than all the Wages Subsidy being taken to General Funds as happened in 2019/20. This is now being corrected this as follows: 

|Calculated Deficit 2019/20<br>Government Wages Subsidy received 2019/20 for F & YW wages<br>Revised Deficit 2019/20|£<br>5,017<br>-4,355|
|---|---|
||662|



This revised deficit is reflected in the The F & YW Fund balance b/f which is is now adjusted for the £4,355 (see note 16c). 

16. 



MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ 

## 12 **Tangible Fixed Assets** 

|Cost or valuation<br>Brought forward<br>Revaluation<br>Carried forward<br>Accumulated depreciation<br>Net book value<br>Brought forward<br>Revaluation<br>Carried forward|**2021**<br>2020<br>£<br>£<br>2,990,000<br>1,990,000<br>-<br>1,000,000 See note 3 f)<br>2,990,000<br>2,990,000<br>N/A<br>N/A<br>2,990,000<br>1,990,000<br>-<br>1,000,000<br>**2,990,000**<br>2,990,000<br>Church Buildings and other<br>property|
|---|---|



## NB. 

The Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day-to-day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference. 

## 13 **Debtors and Prepayments** 

|Debtors<br>Unrestricted funds<br>Gift Aid<br>Other<br>Theo's Loan<br>Prepayments<br>Unrestricted funds<br>Circuit Assessment<br>Other<br>Total Debtors and Prepayments<br>Unrestricted funds<br>14 **Short-Term Investments**<br>44 shares in 3M Company<br>Value at 31 August - per share              $ - total                        $ - equivalent               £|Amounts falling due<br>Amounts falling due after<br>within one year<br>more than one year<br>**2021**<br>2020<br>**2021**<br>2020<br>£<br>£<br>£<br>£|Amounts falling due<br>Amounts falling due after<br>within one year<br>more than one year<br>**2021**<br>2020<br>**2021**<br>2020<br>£<br>£<br>£<br>£|Amounts falling due<br>Amounts falling due after<br>within one year<br>more than one year<br>**2021**<br>2020<br>**2021**<br>2020<br>£<br>£<br>£<br>£|Amounts falling due<br>Amounts falling due after<br>within one year<br>more than one year<br>**2021**<br>2020<br>**2021**<br>2020<br>£<br>£<br>£<br>£|
|---|---|---|---|---|
||5,197<br>2,733<br>0|5,338<br>428<br>8,000|-<br>-<br>-|-<br>-<br>-|
||7,930<br>13,766<br>-<br>-||||
||4,235<br>504|4,235<br>0|-<br>-|-<br>-|
||4,739<br>4,235<br>-<br>-||||
||**12,669**<br>18,001<br>-<br>-||||
||**2021**<br>2020<br>194.74<br>163.02<br>8,569<br>7,173<br>6,233<br>5,365||||



17. 



MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## 15 **Creditors, Accruals and Deferred Income** 

|Creditors<br>Unrestricted funds<br>Utilities<br>Other<br>Accruals and Deferred Income<br>Unrestricted funds<br>Professional Fees<br>Utilities<br>National Heritage Grant<br>Welsh Government Grant<br>Insurance Claim<br>Other<br>Total Creditors, Accruals and<br>Deferred Income|**2021**<br>2020<br>**2021**<br>2020<br>Notes<br>£<br>£<br>£<br>£<br>707<br>327<br>-<br>-<br>540<br>648<br>-<br>-<br>1,247<br>975<br>-<br>-<br>728<br>660<br>-<br>-<br>42<br>125<br>-<br>-<br>0<br>12,799<br>-<br>- See Note 4d<br>8,980<br>0<br>-<br>-<br>(i)<br>0<br>5,000<br>-<br>- See Note 4f (i)<br>665<br>46<br>-<br>-<br>10,415<br>18,630<br>-<br>-<br>**11,662**<br>19,605<br>-<br>-<br>Amounts falling due<br>within one year<br>Amounts falling due after<br>more than one year|
|---|---|



## Notes 

(i) The church received a grant of £8,980 from the Welsh Government's Wales Cultural Recovery Fund to help it offset a projected deficit between April and September 2021. As the end of the period falls outside the end of the Financial Year, the grant has been carried forward to the new year. 

18. 



## MUMBLES METHODIST CHURCH 

_Notes to the Accounts (contd)_ 

## 16 **Movements in Church Funds** 

|As at<br>Prior-Year<br>As at<br>01/09/20<br>Adjustment<br>01/09/20<br>(Note 11)<br>[Restated]<br>£<br>£<br>£<br>**Unrestricted Funds**<br>a<br>**General Fund**<br>Value of land and buildings<br>2,990,000<br>2,990,000<br>Other<br>71,867<br>-4,355<br>67,512<br>3,061,867<br>-4,355<br>3,057,512<br>b<br>**Designated Funds**<br>Renewals Funds - for major repairs and renewals,<br>fixtures, fittings and equipment<br>Church and Victoria Hall<br>31,828<br>-<br>31,828<br>Theo's<br>9,252<br>-<br>9,252<br>41,080<br>0<br>41,080<br>**Total Unrestricted Funds**<br>3,102,947<br>-4,355<br>3,098,592<br>c<br>**Restricted Funds**<br>Family and Youth Work Fund<br>6,024<br>4,355<br>10,379<br>External Charities Fund<br>973<br>-<br>973<br>6,997<br>4,355<br>11,352<br>Total Church Funds<br>3,109,944<br>0<br>3,109,944||As at<br>01/09/20<br>£<br>2,990,000<br>71,867|Prior-Year<br>As at<br>Adjustment<br>01/09/20<br>(Note 11)<br>[Restated]<br>£<br>£<br>2,990,000<br>-4,355<br>67,512|Income<br>£<br>-<br>136,119|Spend<br>£<br>-<br>-123,512||Unrealised<br>Gain/Loss (-)<br>on Investments<br>£<br>-<br>868|Transfers<br>£<br>-<br>4,311|As at<br>31/08/21<br>£<br>2,990,000<br>85,298<br>3,075,298<br>27,840<br>8,929<br>36,769<br>3,112,067<br>10,379<br>58<br>10,437<br>3,122,504|Notes|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||(i)<br>(ii)<br>(iii)|
|||3,061,867|-4,355<br>3,057,512|136,119|-123,512||868|4,311|||
|||||-<br>-|-<br>-||-<br>-|-3,988<br>-323|||
||41,080<br>0<br>41,080|||-|-||-|-4,311|||
||3,102,947<br>-4,355<br>3,098,592|||136,119|-123,512||868|0|||
||6,024<br>4,355<br>10,379<br>973<br>-<br>973|||-<br>58|-<br>-973||-<br>-|-<br>-|||
||6,997<br>4,355<br>11,352|||58|-973||-|0|||
||||||||||||
||3,109,944<br>0<br>3,109,944|||136,177|-124,485||868|0|||



## Notes 

- (i) A transfer of £3,988 was made from the Church and Victoria Hall Renewal Fund to the General Funds to offset the cost of new equipment in the Church. 

- (ii) A transfer of £323 was made from Theo's Renewal Fund to the General Funds to offset the cost of new equipment in Theo's coffee shop. 

- (iii) There was an excess of Income over Expenditure on the Family and Youth Work (F & YW) Unrestricted Funds this year (see below) and, as such, no transfer is required this year from the F & YW Restricted Fund to General Funds. 20/21 Movement on F & YW Unrestricted Funds 

|Direct Income for the year (Note 4g)<br>Government Wages Subsidy<br>Expenditure for the year<br>Salary (Note 5a)<br>Other<br>Excess of Income over|7,436<br>10,229<br>17,665<br>13,889<br>0<br>13,889<br>Expenditure<br>3,776|7,436<br>10,229<br>17,665<br>13,889<br>0<br>13,889<br>Expenditure<br>3,776|
|---|---|---|
||Expenditure||
|||<br>3,776|



Any future deficits on the F & YW Unrestricted Funds will covered by transfers from the F &YW Restricted Funds in succeeding years until the F & YW Fund is extinguished. 

19. 



Inde
endent Examinerfs Re
to the trustees of Mumbles Methodist Church
Chari
Number 1129281
I retK)rt on the accounts of the charity for the year endL7131 Augvsl 2021 wkn'ch are set out on pages 9
to 19.
Respeetive Responsibilitie5 of Truste¢s and Examiner
The charity's trustLes are responsible for Ihe preparat20n of the accounts. The trustees consider that an
audit is not required for this year under s¢xlion 144121 of ihe Charities Ac¢ 2011 (the 2011 Act) and that
an independent examination is needed.
It is my resw)nsibility to..
examin¢ the a¢¢ounls under seclion 145 olihe 2011 Aci.
lo tollow Ihe procedures laid down in ihe general Direciions given by the Charity Commission
under section 145(5)(b) of the 2011 Act; and
lo siale whether particular mailers have come to my attention.
Basis of Independent Examiners, Report
My eKaminaiion was carried out in accordanc¢ with th¢ g¢n¢ral Dirxtions given by the Charity
Commission. An examinaiion includes a review of the accounting records kept by the charity and a
cotllparison ol. the aLcounis presented with those records. It also includes Consideration of any unusual
items or disclc)sures in ihe accounts. and seeking explanations from you as trustees ¢on¢erning any such
maiters. The procedures undertaken do not provide all the evidence that would be r¢quir¢d in an audit
and consequently no opinion is given as to whether the accounts present a 'lru¢ and fair view, and Ihe
repurt Ib limited 10 those maiters set out in the stalement below.
Independent Ex#mlner'$ StAtement
In LOliliLLti()n willi iiiy cxan)111<lti£)n. no matter has ￿rne to my all¢ntion.'
( l ) which gives me rvasonable caus¢ to b¢li¢v¢ that in any material respecl Ihe requirements..
to keep accounting r￿OrdS in accordance wilh seciion 130 of the ?0 I l Act. and
to prepare accounts which accord wilh lh¢ accouniing records and comply with the accounting
requirements of th¢ 2011 Act have not been met; or
12) lo which. in my Opinio￿ aiiention should be drawn in ordcr io enable a proper undcrstanding of the
accounts lo bc reached.
Signed..
Dale-
I i{é)$14oLL
Name:
RL WCS7
Relevant prol¢ssional qualification or Body:
ACA
Addrcss..
I WLk waLTiR RGAD
20