MUMBLES METHODIST CHURCH
Annual Report for the Year Ended August 31[st] 2022
Registered Charity No. 1129281
MUMBLES METHODIST CHURCH
Annual Report and Accounts for the year ended 31st August 2022
| Annual Report Financial Accounts Notes to the Accounts Report of Independent Examiner |
CONTENTS Pages 1 to 8 9 to 10 11 to 20 21 |
|---|---|
MUMBLES METHODIST CHURCH
Annual Report for the Year Ended 31[st] August 2022
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 2021/22 the following people served as members of the Church Council:
Chairman: 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 (to 11/04/22); Mr Roy Williams (to 29/12/21); Mrs Gill Worrall ; Mr Andrew Crimp; Mrs Helen Evans; Mr Lee Wilcock; Mrs Cynthia Mumford; Mrs Caroline Wilcock (to 27/01/22); Mr Robert Allender; Mrs Alison Alderman; Mrs Caroline Buckler; Mr Mark Puntan; Mr Ken Allison; Mrs Julia Waters; Mr Will Watson; Prof. Peter Dunstan (from 11/04/22); Mrs Veronica Simpson (from 11/04/22); Mrs Carole Wooldridge (from 11/04/22); Dr Ruth Hopkins (from 07/05/22); Mrs Val Hicks (from 19/05/22).
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 Group 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 2022, there were 121 full members of the church.
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. 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.
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[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.
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[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.
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[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.
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[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. Achievements and Performance
During the year the Church has met many of the objectives of its Development and Growth Plan.
The following section summarises the progress made during the year in the key areas of the Development and Growth Plan.
[a] Worship
(i) Sunday morning services are well attended and for some special services, additional seating has to be brought into the Worship Area. The services are also lived streamed via Zoom with approximately 17 to 20 attending. All are invited to share fellowship after the service over refreshments in Theo’s Coffee Shop.
(ii) Occasional Sunday evening services are organised at Christmas and Easter and on other special occasions throughout the year.
(iii) Family worship is held monthly on a Sunday morning and young people are encouraged to participate.
(iv) Also, once every month there is an early morning communion service
(v) Every Wednesday, a lunchtime a midweek service is held via the zoom system and this is increasingly well attended.
(vi) An ecumenical group of members from most of the Mumbles churches meets for discussion and to organise occasional special shared services. These included the Good Friday March of Witness..
[b] Pastoral Care
(i) 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. When a visit from the minister is requested or thought to be necessary, the pastoral visitor completes a request form for ministerial follow up. A weekly flower rota ensures that donated flowers go to the sick, elderly and infirm friends.
(ii) A prayer book has been placed in the foyer of the church for members or visitors to enter the name of anyone for whom they wish to request prayers. These requests are then included in the prayers of intercession on the following Sunday.
(iii) Wherever possible, contact is maintained with baptised children and couples who have been married in the church. Names of baptised children are kept on the Cradle Roll and birthday cards are sent to them until they have reached the age of three, after which their names are passed on to the Comet Club and the Church Family and Youth Worker.
(iv) Pastoral care is also exercised informally through the various groups and organisations connected with the church.
3. Achievements and Performance (cont.)
[c] Learning and Development
(i) A Cell Group continues to meet with an emphasis on prayer, Bible study, fellowship and mission. The Cell leader meets regularly with the minister.
(ii) An Alpha Course was run from January to April 2022.
(iii) Some other church organisations, such as the Monday Group, which meet for fellowship and outreach, also include sessions for personal learning and growth.
(iv) Local schools are encouraged to send groups to visit the church and talk to the Minister about the role of the church in the community.
[d] Mission and Outreach One of the main principles underpinning the mission and outreach programme of the church is that its doors are open to all seven days each week throughout the year. This use is complemented by the conversion of the remainder of the ground floor to a Craft and Artisan shop and Theo’s Coffee Shop to promote widespread use of the church building and to provide a service of excellence to members of the local community and visitors.
(i) Welcome Desk In the church foyer is a Welcome Desk where there is information about the building, its history and the mission of the church. The worship area is available for those seeking a little peace and quiet for reflection in the Worship Area.
(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.
(iii) Parent and Toddler Group Each session will have biblical craft activities through each term and hold a Christmas Service for the children in the worship area. The group meet on Wednesday mornings during the year and is well attended by parents and toddlers.
(iv) Tuesday Chat A small group of volunteers meet with a number of elderly people for company and a chat over a cup of tea/coffee and homemade cakes. Over Christmas they enjoy a party with carol singing. Other events such as an Easter Bonnet morning are welcomed by all who attend.
(v) Youth Organisations Comet Club runs on a Sunday
(vi) Monday Ladies’ Group The Group meets on alternate Monday afternoons in the homes of members. The programme comprises a mixture of ‘secular’ talks and devotional sessions. Membership numbers have remained fairly constant. The Group remains viable and the members provide support and encouragement for each other.
3. Achievements and Performance (cont.)
(vii) ‘Leisure’ Groups Various relaxation and leisure groups have restarted after the covid restrictions. One is the Walking Group and. Short Mat Bowls continues to operate on Wednesday afternoon each week.
(viii) Support for Other Charities and Organisation. The church continues to support a number of other organisations and charities through a variety of events, activities and collections. The mission work supported during the year included Christian Aid, Action for Children, All We Can and a local Foodbank.
(ix) Use of Church Premises The church encourages the community to use its premises and is pleased to be able to make the Victoria Hall available for the regular meetings of Alcoholics Anonymous. Both the main church building and the Victoria Hall provide accommodation for a wide and varied number of community groups, ranging from Weight Watchers, local choirs to yoga, keep fit classes and children’s parties.
4. Structure and Governance
Mumbles Methodist Church is part of the Swansea and Gower Methodist Circuit that is accountable to the Wales Synod Cymru 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 and both the Church and the Victoria Hall having to apply covid restrictions for part of the year as well as the need for Theo’s Coffee Shop to purchase new equipment to replace ageing equipment that had deteriorated whilst being out of use during the covid lockdown. In total, the out-turn was a deficit of £27,305 as against a surplus of £12,607 the year before.
Incoming Resources in total were £119,927 and were down by £16,192 from the previous year mainly because of the decreases of £20,848 in the Government Wages Subsidy and £13,500 in the Contribution from Theo’s Coffee Shop. These were, however, partially offset by increases in Lettings of £9,510 and in Insurance Claims receipts of £6,514. The Church received £13,980 in various grants but this was only £1,181 more than the previous year. Excluding the grants - which were not budgeted for - Incoming Resources was some 114.9% of budget.
Outgoing Resources in total were £147,232 and had increased by £23,720 over the previous year mainly because of the increase in equipment expenditure of £26,251. In total, Outgoing Resources were some 132.7% of budget.
There is a further adjustment to the out-turn of the £27,305 deficit, namely the movement in value of US shares held by the Church which shows a decrease in the year of £1,535 as against an increase of £868 in the previous year. This reflects the change in the value of the shares on the Balance Sheet because of the drop in the share value and the change in the US dollar v sterling exchange rate. This increased the deficit to £28,840.
[b] Restricted Funds
We hold two restricted funds. The first is the Family and Youth Work (F&YW) Fund which is used to reflect the movement of the F&YW in Unrestricted Funds in the Statement of Financial Activities. This amounted this year to funding the £5,942 deficit and which is left with a balance of £4,437 at the year-end.
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 £445 as against £58 the previous year and, at the year-end, there was an amount not yet paid over of £251.
Total Restricted Funds balances at 31 August 2022 were, therefore, £4,688.
[c]. Trustees’ Reserves Policy
This Reserves Policy relates to our General Funds and Designated Funds. No endowment funds are held.
At 31 August 2022, our General Fund balance dropped by £6,316 reflecting the changes above to £3,068,982 (including £2,990,000 for the value of land and buildings). Our Designated Funds amounted to £20,187 showing a drop of £16,582 to offset the expenditure on equipment.
In total, our reserves excluding land and buildings were £99,169. The Church normally aims to hold such reserves amounting to approximately six months’ expenditure - in our case £73,616 - so there is an excess of £25,553.
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Flnanclal Revlew [c]. Trustees, Reserves Poll )nL We have consldered our mlsslon plans for the future and have declded that in order to meet our Circuit Assessment and ver our normal expenditure arKI routine repair and maintenance cr)sts of the buildings plus set aside sufficient desbgnated funds to meet anticipated major repairs, renewals. fixtures, fittirKJs and equiwient for the next fve years. this level of reseNes is neEary. This Reserves Policy is revi8w8d annually as part of th8 budget-setts'ng PTh88. The Annual Report for 2021-221s signed on behalf of the Church Coundl on 18 May 2022. Reverend Howard Long Chalr
MUMBLES METHODIST CHURCH
Statement of Financial Activities for the year ended 31 August 2022
| Notes Incoming Resources Offerings and Tax Recoverable 4a Lettings 4b Contribution from Theo's Coffee Shop Contribution from Gower Crafts & Artisans Interest and Investment Income 4c Government Wages Subsidy 4d National Heritage Grant Welsh Government Grant 4e Methodist Church Grant 4f Insurance Claims 4g Other Income 4h Family & Youth Work Income 4i Monies collected for external charities 4j Total Incoming Resources Resources Expended Circuit Assessment or Share Staff Costs 5a Repairs and Maintenance 5b Equipment 5c Insurance Utilities 5d Other Expenditure 5e Family & Youth Work Expenditure Monies paid over to external charities Total Resources Expended Net Incoming/Outgoing(-) Resources Gains and Losses(-) on Investment Assets 6 Sub Total Total Funds brought forward Revised Sub Total Transfers between Funds 15c (iv) Total Funds carried forward at end of year |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 50,724 - 50,724 54,216 17,125 - 17,125 7,615 1,000 - 1,000 14,500 7,980 - 7,980 2,928 604 - 604 447 1,467 - 1,467 22,315 0 - 0 12,799 8,980 - 8,980 0 5,000 - 5,000 0 13,876 - 13,876 7,362 5,675 - 5,675 6,501 7,496 - 7,496 7,436 - 445 445 58 |
|---|---|
| 119,927 445 120,372 136,177 |
|
| 51,320 - 51,320 49,320 31,368 - 31,368 30,500 8,999 - 8,999 21,365 30,562 - 30,562 4,311 4,801 - 4,801 4,627 12,029 - 12,029 8,299 7,910 - 7,910 5,090 243 - 243 0 - 252 252 973 |
|
| 147,232 252 147,484 124,485 |
|
| -27,305 193 -27,112 11,692 -1,535 - -1,535 868 |
|
| -28,840 193 -28,647 12,560 3,112,067 10,437 3,122,504 3,109,944 |
|
| 3,083,227 10,630 3,093,857 3,122,504 5,942 -5,942 0 0 |
|
| 3,089,169 4,688 3,093,857 3,122,504 |
The notes on pages 11 to 19 form part of these accounts.
MUMBLES METhODIST CHURCH ststement of Fin8nu"81 Po&ton as 8t 31 Aiyust 2(Y22 Unrestri¢lj Restrthj Funds Funds Total 2022 Total 2021 Tanglble Flxod Ass•ts Church Buildings 8nd other propety Investment Properties Investments 11 2,.0¢J) 2,990,000 2,990,000 Totsl FlxadA$sets 2.l.(x) 2.990.000 Curr•nt A#•ts Debtors and Prepayments Short-Term Investménts Cash at Bank and in hand 12 13 9,215 4,698 92,423 9215 4,698 97.111 12,669 6.233 125.264 Total Current Assets 1C6.336 144.186 Cr8 itors, AGcnJals and Deferred Irme.. amounts fallirKJ due thin one 14 7,167 7,167 11,862 Net CurentAss8ts 99.169 103 857 132.504 TotalA$$•ts l•ss Curnt Llabllltt•s 3,089.189 4,688 3,093,857 3,122.504 Loans and credrtors du• after one Jpar PTovlsion$ liablftl8s and charg88 3 089 169 3 093 857 3,122,504 Fund8 of th• Church Unrestricted Funds.. General Fund UnrestriGted Funds.. Deswated Funds Restricted Funds 15a 15b 15c 3.W.982 20.187 3,068.982 20,187 4,688 3,075.298 36,769 10,437 Total Funds 3,089.169 3 093 857 3 122.504 Approv•d by tho Church Councll on 18 May 2022 and lgn•d on thfrlr h#ll Reverend Howard Long Chalr 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 recognise that the deficit incurred this year exceeds the budgeted deficit but that this was in part due to the need to replace ageing equipment in Theo's Coffee Shop. However, the trustees consider that the Church has sufficient reserves to be in a solvent position at the end of the 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 15 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.
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. 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.
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 pays 3% and the employee 5% of pensionable pay.
The contribution rates will be increased in line with the minimum future requirements of the scheme.
MUMBLES METHODIST CHURCH
Notes to the Accounts (contd)
4 Analysis of certain Incoming Resources figures
| a Offerings and Tax Recoverable Offerings Income Tax Recovered b Lettings Victoria Hall Church Room Hire c Interest and Investment Income Bank Interest Dividends |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 41,103 - 41,103 43,200 9,621 - 9,621 11,016 50,724 - 50,724 54,216 17,125 - 17,125 7,615 0 - 0 0 17,125 - 17,125 7,615 467 - 467 311 137 - 137 136 604 - 604 447 |
Notes |
|---|---|---|
| 50,724 - |
||
| 17,125 - 0 - |
||
| 17,125 - |
||
| 467 - 137 - |
||
| 604 - |
d Government Wages Subsidy
The Church's staff continued to be furloughed under the Government's Job Retention Scheme for the months of September and October at the rate of 60% of their salary. After these payments, the scheme was closed.
e Welsh Government Grant
The Church applied to the Welsh Government for a grant to help it recover from the effects of the covid outbreak. It received an amount of £8,980 which it used to offset the cost of installing solar panels on the Victoria Hall - see Note 15b (i)
- f Methodist Church Grant
The Church applied for a grant from the Methodist Circuit to further help with the cost of the solar panels on the Victoria Hall and received £5,000 - see Note 15b (i).
g Insurance Claims
The Church received £13,876 in the year as an insurance claim in respect of damage to the interior of the Church, the cost of repairs having been charged in the previous year.
h Other Income
| Donations Received Book Sales and Coffee Mornings Miscellaneous i Family & Youth Work Fund Income Donations Received Income Tax Recovered on donations Grant Received from Synod Contributions from Parent & Toddler Group j Monies collected for external charities Monies collected Income Tax Recovered |
3,991 - 3,991 6,401 1,434 - 1,434 0 250 - 250 100 |
|---|---|
| 5,675 - 5,675 6,501 |
|
| 1,780 - 1,780 2,100 359 - 359 336 5,000 - 5,000 5,000 357 - 357 0 |
|
| 7,496 - 7,496 7,436 |
|
| - 445 445 58 - 0 0 0 |
|
| - 445 445 58 |
MUMBLES METHODIST CHURCH
Notes to the Accounts (contd)
5 Analysis of certain Resources Expended figures
| a Staff Costs Church Manager and Cleaner Family and Youth Worker b Repairs and Maintenance Church repairs and maintenance Repairs covered by insurance Other Victoria Hall repairs and maintenance Repairs covered by insurance Other c Equipment Church Theo's Victoria Hall |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 17,511 - 17,511 16,611 13,857 - 13,857 13,889 31,368 0 31,368 30,500 0 - 0 0 6,917 - 6,917 10,239 6,917 - 6,917 10,239 - 0 - 0 7,362 2,082 - 2,082 3,764 2,082 - 2,082 11,126 8,999 - 8,999 21,365 1,622 - 1,622 3,988 12,245 - 12,245 323 (i) 16,695 16,695 0 (ii) 30,562 - 30,562 4,311 |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 17,511 - 17,511 16,611 13,857 - 13,857 13,889 31,368 0 31,368 30,500 0 - 0 0 6,917 - 6,917 10,239 6,917 - 6,917 10,239 - 0 - 0 7,362 2,082 - 2,082 3,764 2,082 - 2,082 11,126 8,999 - 8,999 21,365 1,622 - 1,622 3,988 12,245 - 12,245 323 (i) 16,695 16,695 0 (ii) 30,562 - 30,562 4,311 |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 17,511 - 17,511 16,611 13,857 - 13,857 13,889 31,368 0 31,368 30,500 0 - 0 0 6,917 - 6,917 10,239 6,917 - 6,917 10,239 - 0 - 0 7,362 2,082 - 2,082 3,764 2,082 - 2,082 11,126 8,999 - 8,999 21,365 1,622 - 1,622 3,988 12,245 - 12,245 323 (i) 16,695 16,695 0 (ii) 30,562 - 30,562 4,311 |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 17,511 - 17,511 16,611 13,857 - 13,857 13,889 31,368 0 31,368 30,500 0 - 0 0 6,917 - 6,917 10,239 6,917 - 6,917 10,239 - 0 - 0 7,362 2,082 - 2,082 3,764 2,082 - 2,082 11,126 8,999 - 8,999 21,365 1,622 - 1,622 3,988 12,245 - 12,245 323 (i) 16,695 16,695 0 (ii) 30,562 - 30,562 4,311 |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 17,511 - 17,511 16,611 13,857 - 13,857 13,889 31,368 0 31,368 30,500 0 - 0 0 6,917 - 6,917 10,239 6,917 - 6,917 10,239 - 0 - 0 7,362 2,082 - 2,082 3,764 2,082 - 2,082 11,126 8,999 - 8,999 21,365 1,622 - 1,622 3,988 12,245 - 12,245 323 (i) 16,695 16,695 0 (ii) 30,562 - 30,562 4,311 |
Notes |
|---|---|---|---|---|---|---|
| 31,368 0 |
||||||
| 0 6,917 |
- - |
0 6,917 |
0 10,239 |
|||
| 6,917 - - |
||||||
| 0 2,082 |
- - |
0 2,082 |
7,362 3,764 |
|||
| 2,082 - |
||||||
| 8,999 - |
||||||
| 1,622 - 12,245 - 16,695 |
||||||
| 30,562 - |
(i) The Church spent £12,245 on replacing equipment in Theo's Coffee Shop. There will be further outlay in the new year but to a lesser degree.
(ii) The majority of the equipment spend on the Victoria Hall - £16,420 - was for the installation of solar panels but the Church was able to obtain grants of £8,980 from the Welsh Government and £5,000 from the Methodist Circuit to offset the cost - see Notes 4e and 4f and also 15(b) (i).
d Utilities
| Church gas, electricity and water Victoria Hall gas, electricity and water e Other expenditure Mission Printing, Postage and Stationery Church cleaning expenses Victoria Hall cleaning expenses Telephone Archiving Payroll production & Wage Subsidy Claims Independent Examiner Licences (inc. Zoom) Refreshments & Hospitality Miscellaneous |
9,955 - 9,955 6,632 2,074 - 2,074 1,667 |
|---|---|
| 12,029 - 12,029 8,299 |
|
| 331 - 331 336 709 - 709 521 1,049 - 1,049 68 1,036 - 1,036 199 461 - 461 481 720 - 720 720 524 - 524 800 642 - 642 600 689 - 689 814 403 403 0 1,346 - 1,346 551 |
|
| 7,910 - 7,910 5,090 |
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 13) August 2022 August 2021 Unrealised Gain or Loss(-) in year |
£ 4,698 6,233 |
|---|---|
| -1,535 |
| 7 Related Party Transactions Trustees expenses Number of trustees paid expenses Total amount paid 8 Paid employees Staff Costs paid during the year Gross wages, salaries and benefits in kind Employer's National Insurance costs Employer's Pension costs Total staff costs The average number of employees in the year was 3 (2021 – 3), all part time. |
Total Total 2022 2021 £ £ None None None None Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 30,997 - 30,997 30,166 - - - - 371 - 371 334 |
Total Total 2022 2021 £ £ None None None None Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 30,997 - 30,997 30,166 - - - - 371 - 371 334 |
|---|---|---|
| 31,368 0 |
31,368 30,500 |
|
9 Capital Commitments and Contingent Liabilities
| al Commitments and Contingent Liabilities | ||||
|---|---|---|---|---|
| Total | Total | |||
| 2022 | 2021 | |||
| £ | £ | |||
| At 31stAugust, capital commitments amounted to: | 0 | 0 | ||
| Contingent liabilities amounted to: | 0 | 0 |
10 Post-Balance Sheet events
(a) The Church has encouraged people to attend services in person but still offers Zoom Services for those who wish to follow the services from home. The Victoria Hall has been fully open for lettings. (b) The Family and Youth Work worker left her post in September but has been partially replaced by a Church member who looks after the Parents and Toddlers Group.
(c) The Church is looking into raising funding for extensive repairs needed to the church roof and the external walls. A Chartered Quantity Surveyor has been engaged to look at what work is needed and he has estimated that the cost of repairs to be in excess of £500,000. We are looking to recruit a professional fund-raiser to procure the necessary funding.
(d) Since January we have been registered as a Warm Hub venue by Swansea City Council.
MUMBLES METHODIST CHURCH
Notes to the Accounts (contd)
11 Tangible Fixed Assets
| Cost or valuation Brought forward Carried forward Accumulated depreciation Net book value Brought forward Carried forward |
2022 2021 £ £ 2,990,000 2,990,000 Church Buildings and other property |
|---|---|
| 2,990,000 2,990,000 |
|
| N/A N/A 2,990,000 2,990,000 |
|
| 2,990,000 2,990,000 |
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.
12 Debtors and Prepayments
| Debtors Unrestricted funds Gift Aid Other Prepayments Unrestricted funds Circuit Assessment Other Total Debtors and Prepayments Unrestricted funds |
Amounts falling due Amounts falling due after within one year more than one year 2022 2021 2022 2021 £ £ £ £ |
Amounts falling due Amounts falling due after within one year more than one year 2022 2021 2022 2021 £ £ £ £ |
Amounts falling due Amounts falling due after within one year more than one year 2022 2021 2022 2021 £ £ £ £ |
Amounts falling due Amounts falling due after within one year more than one year 2022 2021 2022 2021 £ £ £ £ |
|---|---|---|---|---|
| 4,404 424 |
5,197 2,733 |
- - |
- - |
|
| 4,828 7,930 - - |
||||
| 4,243 144 |
4,235 504 |
- - |
- - |
|
| 4,387 4,739 - - |
||||
| 9,215 12,669 - - |
| 13 Short-Term Investments 44 shares in 3M Company Value at 31 August - per share $ - total $ - equivalent £ |
2022 2021 124.35 194.74 5,471 8,569 |
|---|---|
| 4,698 6,233 |
MUMBLES METHODIST CHURCH
Notes to the Accounts (contd)
14 Creditors, Accruals and Deferred Income
| Creditors Unrestricted funds Utilities Trade Creditors Other Accruals and Deferred Income Unrestricted funds Professional Fees Welsh Government Grant Gower Crafts Rent Letting Income Other Total Creditors, Accruals and Deferred Income |
2022 2021 2022 2021 £ £ £ £ Amounts falling due within one year Amounts falling due after more than one year |
2022 2021 2022 2021 £ £ £ £ Amounts falling due within one year Amounts falling due after more than one year |
2022 2021 2022 2021 £ £ £ £ Amounts falling due within one year Amounts falling due after more than one year |
2022 2021 2022 2021 £ £ £ £ Amounts falling due within one year Amounts falling due after more than one year |
|---|---|---|---|---|
| 1,253 2,802 629 |
707 92 448 |
- - - |
- - - |
|
| 4,684 1,247 - - |
||||
| 730 0 665 1,004 84 |
728 8,980 665 0 42 |
- - - - |
- - - - |
|
| 2,483 10,415 - - |
||||
| 7,167 11,662 - - |
MUMBLES METHODIST CHURCH Notes to the Accounts (contd)
15 Movements in Church Funds
a Unrestricted Funds - General Fund
| Value of land and buildings Other Unrestricted Funds - Designated Renewals Funds - for major repairs fixtures, fittings and equipment Church and Victoria Hall Theo's Total Unrestricted Funds |
As at 01/09/21 £ 2,990,000 85,298 |
Income £ - 119,927 |
Spend £ - -147,232 |
T/frs from Renewals Funds £ - 16,582 |
T/frs from Renewals Funds £ - 16,582 |
T/fr from F & Y Work Fund £ - 5,942 |
- - |
Unrealised Gain/Loss (-) on Investments £ - -1,535 |
As at 31/08/22 £ 2,990,000 78,982 3,068,982 As at 31/08/22 £ 18,503 1,684 20,187 3,089,169 |
Notes | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (i) (ii) |
|||||||||||||
| 3,075,298 | 119,927 | -147,232 | 16,582 | 5,942 | - | -1,535 | |||||||
| Funds As at 01/09/21 £ and renewals, 27,840 - 8,929 - |
- - |
T/frs to General Funds £ -4,337 -12,245 |
- - |
Other T/frs (Note (iii) £ -5,000 5,000 |
- - |
||||||||
| 36,769 - |
- | -16,582 | - | 0 | - | ||||||||
| 3,112,067 119,927 |
-147,232 | 0 | 5,942 | 0 | -1,535 |
b Unrestricted Funds - Designated Funds
Notes
| (i) | A transfer of £4,337 was made from the Church and Victoria Hall Renewal Fund to the General Funds to | A transfer of £4,337 was made from the Church and Victoria Hall Renewal Fund to the General Funds to |
|---|---|---|
| offset the cost of new equipment in the Church and Victoria Hall as follows: | ||
| Church equipment spend | 1,622 | |
| Victoria Hall equipment spend | 16,695 | |
| Less: Welsh Government Fund | 8,980 | |
| Methodist Church Grant | 5,000 | |
| (See Note 5c (ii) | 13,980 | |
| 2,715 | ||
| 4,337 |
-
(ii) A transfer of £12,245 was made from Theo's Renewal Fund to the General Funds to offset the cost of new equipment in Theo's coffee shop -see Note 5c (i).
-
(iii) A transfer of £5,000 was made from the Church and Victoria Hall Renewal Fund to Theo's Renewal Fund to top-up Theo's Renewal Fund.
MUMBLES METHODIST CHURCH Notes to the Accounts (contd)
15 Movements in Church Funds (cont.)
| c Restricted Funds Family and Youth Work Fund External Charities Fund Total Church Funds |
As at 01/09/21 £ 10,379 58 |
Income £ - 445 |
Spend £ - -252 |
T/frs to/from Renewal Funds £ - - |
T/frs to/from Renewal Funds £ - - |
T/frs to/from Renewal Funds £ - - |
T/frs to/from F & YW Fund £ -5,942 - |
T/frs to/from F & YW Fund £ -5,942 - |
Other T/frs £ - - |
Unrealised Gain/Loss (-) on Investments £ - - |
As at 31/08/22 £ 4,437 (iv) 251 4,688 3,093,857 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,437 | 445 | -252 | - | -5,942 | - | - | |||||||
| 3,122,504 | 120,372 | -147,484 | 0 | 0 | 0 | -1,535 |
Notes
(iv) Transfer from the Family & Youth Work Restricted Fund to General Funds to offset the excess of Expenditure over Income: Movement on F & YW Unrestricted Funds
| Direct Income for the year (Note 4i) Government Wages Subsidy Expenditure for the year Salary (Note 5a) Other Excess of Expenditure |
7,496 662 8,158 13,857 243 14,100 over income 5,942 |
|---|---|
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.
Inde endent Examinerfs Re to the trnstees of Mumbles Methodlst Church Number 1129281 I report on the accounts of the ¢hariry for the year ended 31 August 2022 which are set out on pages 9 to 20. Respective Responsibilities of Trustees and Examiner I'hL Lhdri(} s Irustees are respU1bIL lur (he preparaiion of the accounts. The teS consider that an audil 18 not r¢quired for this vear under seciion 144(2) of the Charities Aci 2011 (the 2011 Acl) and ihat an independenl &xaminatioJ) is needed. It is my r¢sponsibility to.. examine the a¢unt$ under section 145 of the 2011 A¢l' to follow the procedures laid down in the general Directions given by the Charity Commission undLr sLYlion 145(5)(bl of thc 2011 Acl: and LO state wheihcr particular matler5 have come to my atlenlion. B&sis of Independent Examiners, Report M}. examinati(In wa8 carried out in acLordance with the g¢n¢ral Direciions given by the Charity Commission. An examination includes a review of the accountin8 records kepi b) the charily and comparison nf the accounis prvtnied with those records. li also includes considerdtion of any unusual iiems or disclosures in the accounts, and seeking ¢xplanaiions from )'ou as trustees concernin8 an). such malters. The procedures undertaken do not provide all the evidence that would be required in an audit and con.sequ¢ntl)' no opinion is given as lo whether the accounts present a 'tnK and fair view. ond ihe r¥purt is limitcd lo th05¢ mattcrs SL% oui in thc siatLincnl bclow. Independent Examiner's Stxtemellt In lonnecliun wi(h my examin4lllo no matier has come io my attenlion: ( l ) which gives me rcasonablc Cau lo b¢li¢vc in any matcrial reyct thc r4uircmmts: lo keep accouniing records in accordan¢¢ with seciion 130 of the 2011 Act: and to prepare accounts which with thc CoUntIng rccords and comply with the accounting requircmLI]ts of the 2011 Ath have noi been mei: or (2) to which, in my opinion. attention should b¢ drgm'n in order to enable a proper understanding of th a¢¢ounts to be reached. Signed: JLJJ ,1,4 (sL3 Name: RL &kS-f Relevant professional qualificalion or Body.. CA Address: Iwt GJAL ikR KrAD S &) lj5c-A SAI gRcJ 21