## **MUMBLES METHODIST CHURCH** ## **Annual Report for the Year Ended August 31st 2023** **Registered Charity No. 1129281** ## **MUMBLES METHODIST CHURCH** ## **Annual Report and Accounts for the year ended 31st August 2023** |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 31st August 2023** ## **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: 522 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, 522 Mumbles Road, Mumbles, Swansea SA3 4DH. Organisational Structure: The members of the Church Council are the Managing Trustees. During the year 2022/23 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 Gill Worrall; Mr Andrew Crimp; Mrs Helen Evans; Mr Lee Wilcock; Mrs Cynthia Mumford; Mr Robert Allender; Mrs Alison Alderman; Mrs Caroline Buckler; Mr Mark Puntan; Mr Ken Allison (to 15/03/23); Mrs Julia Waters; Mr Will Watson; Prof. Peter Dunstan; Mrs Veronica Simpson; Mrs Carole Wooldridge; Dr Ruth Hopkins; Mrs Val Hicks; Mrs Katie Rowden (from 01/12/22). In attendance: Mrs Myra Maddock (Church Manager) as a non-voting member. 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 August 2023, there were 120 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** 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. 4. ## **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) We commenced running Alpha Courses in January 2022 and have successfully continued to run them throughout the year. (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) 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. (iii) 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. (iv) 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. (v) ‘Leisure’ Groups Various relaxation and leisure groups such as Short Mat Bowls and senior keep fit classes. (vi) 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 5. ## **3. Achievements and Performance (cont.)** (vii) 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 keep fit classes, Dancing 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 6. ## **7. Financial Review** ## [a] Unrestricted Funds The out-turn for the year reflects the continued recovery of the Church from the effects of the pandemic, the out-turn being a deficit of £1,912 as against a deficit of £27,305 the year before. Incoming Resources in total were £102,134 and were down by £17,793 from the previous year mainly because of monies totalling £24,323 received the previous year not being repeated, namely £13,876 from insurance claims, £8,980 from a Welsh Government Grant and £1,467 from Government Wages Subsidy; in addition, Family and Youth Work (F& YW) Income was reduced by the non-payment of the £5,000 grant from the Synod to cover part of the staff costs of the F & YW staff member but who stepped down at the start of the year and was not replaced. Against these decreases, the contribution from Theo’s Coffee Shop went up by £4,500 to £5,500. Outgoing Resources in total were £104,046 and were down by £43,186 over the previous year mainly because of the decrease in equipment expenditure of £26,101, the large expenditure the previous year being because of the need to replace ageing equipment in Theo’s Coffee Shop that had deteriorated whilst being out of use during the covid lockdown. There was also a decrease in staff costs of £12,284 because of the afore-mentioned F & YW Worker stepping down. There is a further adjustment to the out-turn of the £1,912 deficit, namely the movement in value of US shares held by the Church, and which shows a decrease in the year of £992 reflecting 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 £2,904. ## [b] Restricted Funds We hold two restricted funds. The first is the Family and Youth Work (F&YW) Fund which is used to fund any deficit between the income and expenditure on F&YW in Unrestricted Funds in the Statement of Financial Activities but which this year was in surplus so there was no movement on the Fund. 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 £1,114 as against £445 the previous year and, at the year-end, there was an amount not yet paid over of £211. Total Restricted Funds balances at 31 August 2023 were, therefore, £4,648. ## [c] Trustees’ Reserves Policy This Reserves Policy relates to our General Funds and Designated Funds. No endowment funds are held. At 31 August 2023, our General Fund balance increased by £1,557 to £3,070,539 (including £2,990,000 for the value of land and buildings) reflecting the changes above plus a transfer of £4,461 from the Designated Funds to offset the expenditure on equipment. The Designated Funds themselves – used mainly to cover the cost of equipment - amounted to £15,726 at the year-end. 7. 7. Financial Review cont. erv In totsl, our reserves excluding land and buildings were £96,265. The Church normally aims to hold such reserves amounting to approxmately six months, expenditure- in our case £52,023 - so ther6 is an excess of £44,242. We have considered our mission plans for the future and have decided that in order to meet our Clrcult Assassment arKI cover our nonnal expenditure and routine repair and maintenance costs of the buildlngs plus set aslde sufficlent deslgnated furmjs to meet anticipated major repairs. rènewals. fixtures, fittings and equipment for the next five year8, thls level of reserves Is ne￿$Sary. This Reserves Policy is reviewed annually as part of the budget-S8ttirvJ pr(Ke8S. The knnual Report ft)r 2022-23 is signed on behalf of the Church Coundl on 16 May 2024. Reverend Howard Long Chalr ## MUMBLES METHODIST CHURCH ## _Statement of Financial Activities for the year ended 31 August 2023_ |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
Methodist Church Grant
4d
Other Income
4e
Family & Youth Work Income
4f
Government Wages Subsidy
Welsh Government Grant
Insurance Claims
Monies collected for external charities
4g
**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
**Total Funds carried forward at end of year**|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2023**
2022
£
£
**£**
£
54,627
-
**54,627**
50,724
20,217
-
**20,217**
17,125
5,500
-
**5,500**
1,000
8,118
-
**8,118**
7,980
1,694
-
**1,694**
604
2,440
-
**2,440**
5,000
7,178
-
**7,178**
5,675
2,360
-
**2,360**
7,496
0
-
**0**
1,467
0
-
**0**
8,980
0
-
**0**
13,876
-
1,114
**1,114**
445| |---|---| ||102,134
1,114
**103,248**
120,372| ||50,553
-
**50,553**
51,320
19,084
-
**19,084**
31,368
5,405
-
**5,405**
8,999
4,461
-
**4,461**
30,562
5,259
-
**5,259**
4,801
11,530
-
**11,530**
12,029
7,754
-
**7,754**
7,910
0
-
**0**
243
-
1,154
**1,154**
252| ||104,046
1,154
**105,200**
147,484| ||-1,912
-40
**-1,952**
-27,112
-992
-
**-992**
-1,535| ||-2,904
-40
**-2,944**
-28,647
3,089,169
4,688
**3,093,857**
3,122,504| ||3,086,265
4,648
**3,090,913**
3,093,857
-
-
**0**
0| ||3,086,265
4,648
**3,090,913**
3,093,857| The notes on pages 11 to 19 form part of these accounts. 9. MUMBLES METHODIST CHURCH Staten￿nt of FwwKial Position as 8t 31 August 2023 UnreStrIc￿ Restrlcled Funds Funds Totsl 2022 Notes 2023 Tanqlble Flxad Assots Church Buildings and other proparty Inv8Stment Prop Investrnents 11 2,9W,000 2,990,000 2,990,000 Total Flx8d Assets 2,W,CrfJO 2,990 000 2,990,000 Curr•nl Ao80ts Deblors and Prepayments Short-Tem Investmènts Cash at Bank and In hand 12 13 11,999 3,706 84.101 11,999 3,706 88,749 9,215 4.698 97,111 Total Curr•ntAs¥•ts 104,454 111,024 Credltors, Accruals and D8f8rred Income: amounts fallin9 due within one ￿ar 14 3.541 3,541 7.187 Net CurnntAssets 96,265 4,848 103,857 Tot•lAM•¢* l•M C4rnt Ual 3,088.265 3.090,913 3,093,857 Loans and rnditors after OM Prov161ons IlabMftl88 and charges 3,086.265 3 093 857 Fund• of th• Church Unrestricted Funds.. General Fund Unreslrided Funds.. D86iwated Funds Restri￿ad Funds 150 15b 15c 3.070.539 15.726 3,070,539 15,726 4.648 3,068,982 20.187 4.688 Total Funds 3.093.857 Approv•d by th• Church Councll on 16 May 2024 and 8lgned on the* bthalf 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 welcome the fact that the deficit this year is much reduced compared to the previous year and 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 expansion of 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 and 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. 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. 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 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. 13. ## MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 4 **Analysis of certain Incoming Resources figures** |Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2023**
2022
£
£
**£**
£
a
Offerings and Tax Recoverable
Offerings
43,872
-
**43,872**
41,103
Income Tax Recovered
10,755
-
**10,755**
9,621
54,627
-
**54,627**
50,724
b
Lettings
Victoria Hall
18,822
-
**18,822**
17,125
Church Room Hire
1,395
-
**1,395**
0
20,217
-
**20,217**
17,125
c
Interest and Investment Income
Bank Interest
1,545
-
**1,545**
467
Dividends
149
-
**149**
137
1,694
-
**1,694**
604
d
Methodist Church Grant
The Church applied for a grant from the Methodist Circuit to cover the unfunded part of the cost of solar panels
which were installed on the Victoria Hall during 2022 and duly received £2,440 to cover the deficit.
e
Other Income
Donations Received
2,643
-
**2,643**
3,991
Book Sales and Coffee Mornings
1,075
-
**1,075**
1,434
Office Rent
1,500
-
**1,500**
0
Warm Hub Grant
650
-
**650**
0
Tuesday Chat Group
601
-
**601**
0
Miscellaneous
709
-
**709**
250
7,178
-
**7,178**
5,675
f
Family & Youth Work Fund Income
Donations Received
1,485
-
**1,485**
1,780
Income Tax Recovered on donations
271
-
**271**
359
Grant Received from Synod
0
-
**0**
5,000
Contributions from Parent & Toddler Group
604
-
**604**
357
2,360
-
**2,360**
7,496
g
Monies collected for external charities
Monies collected
-
903
**903**
445
Income Tax Recovered
-
211
**211**
0
-
1,114
**1,114**
445|Notes| |---|---| ||| 14. ## MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 5 **Analysis of certain Resources Expended figures** |a
Staff Costs
Church Manager and Assistant Church Manager
Family and Youth Worker
b
Repairs and Maintenance
Church repairs and maintenance
Victoria Hall repairs and maintenance
c
Equipment
Church
Theo's
Victoria Hall
d
Utilities
Church gas, electricity and water
Victoria Hall gas, electricity and water
e
Other expenditure
Publicity
Printing, Postage and Stationery
Church cleaning expenses
Victoria Hall cleaning expenses
Telephone
Archiving
Professional Fees
Donations Given
Licences (inc. Zoom)
Refreshments & Hospitality
Cards, Gifts and Flowers
Hanging Baskets
Miscellaneous|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2023**
2022
£
£
**£**
£
18,940
-
**18,940**
17,511
144
-
**144**
13,857
19,084
0
**19,084**
31,368
4,573
-
**4,573**
6,917
832
-
**832**
2,082
5,405
-
**5,405**
8,999
0
-
**0**
1,622
4,461
-
**4,461**
12,245
0
**0**
16,695
4,461
-
**4,461**
30,562
9,590
-
**9,590**
9,955
1,940
-
**1,940**
2,074
11,530
-
**11,530**
12,029
427
-
**427**
331
473
-
**473**
709
954
-
**954**
1,049
807
-
**807**
1,036
0
-
**0**
461
720
-
**720**
720
1,212
-
**1,212**
1,166
771
-
**771**
0
718
-
**718**
689
65
-
**65**
403
696
-
**696**
140
178
-
**178**
170
733
-
**733**
1,036
7,754
-
**7,754**
7,910|Notes| |---|---|---| |||| ||19,084
0|| ||4,573
-
832
-|| ||5,405
-|| ||0
-
4,461
-
0|| ||4,461
-|| ||9,590
-
1,940
-|| ||11,530
-|| ||427
-
473
-
954
-
807
-
0
-
720
-
1,212
-
771
-
718
-
65
-
696
-
178
-
733
-|| ||7,754
-|| 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 13)
August 2023
August 2022
Unrealised Gain or Loss(-) in year
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 2 (2022 – 3), all part time.|£
3,706
4,698
-992
**Total**
Total
**2023**
2022
**£**
£
None
None
None
None
Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2023**
2022
£
£
**£**
£
18,901
**-**
**18,901**
30,997
**-**
**-**
**-**
**-**
183
**-**
**183**
371|£
3,706
4,698
-992
**Total**
Total
**2023**
2022
**£**
£
None
None
None
None
Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2023**
2022
£
£
**£**
£
18,901
**-**
**18,901**
30,997
**-**
**-**
**-**
**-**
183
**-**
**183**
371| |---|---|---| ||19,084
0|**19,084**
31,368| |||| 9 **Capital Commitments and Contingent Liabilities** |**al Commitments and Contingent Liabilities**||||| |---|---|---|---|---| ||**Total**||Total|| ||**2023**||2022|| ||**£**||£|| |At 31stAugust, capital commitments amounted to:||0||0| |Contingent liabilities amounted to:||0||0| ## 10 **Post-Balance Sheet events** (a) 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 have engaged a professional fund-raiser to procure the necessary funding. (b) We have continued to be registered as a Warm Hub venue by Swansea City Council. 16. ## 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|**2023**
2022
£
£
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
13 **Short-Term Investments**
44 shares in 3M Company
Value at 31 August - per share $ - total $ - equivalent £|Amounts falling due
Amounts falling due after
within one year
more than one year
**2023**
2022
**2023**
2022
£
£
£
£|Amounts falling due
Amounts falling due after
within one year
more than one year
**2023**
2022
**2023**
2022
£
£
£
£|Amounts falling due
Amounts falling due after
within one year
more than one year
**2023**
2022
**2023**
2022
£
£
£
£|Amounts falling due
Amounts falling due after
within one year
more than one year
**2023**
2022
**2023**
2022
£
£
£
£| |---|---|---|---|---| ||4,664
3,125|4,404
424|-
-|-
-| ||7,789
4,828
-
-|||| ||4,210
0|4,243
144|-
-|-
-| ||4,210
4,387
-
-|||| ||**11,999**
9,215
-
-|||| ||**2023**
2022
106.67
124.35
4,693
5,471
**3,706**
4,698|||| 17. ## 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
Gower Crafts Rent
Letting Income
Other
Total Creditors, Accruals and
Deferred Income|**2023**
2022
**2023**
2022
£
£
£
£
Amounts falling due
within one year
Amounts falling due after
more than one year|**2023**
2022
**2023**
2022
£
£
£
£
Amounts falling due
within one year
Amounts falling due after
more than one year|**2023**
2022
**2023**
2022
£
£
£
£
Amounts falling due
within one year
Amounts falling due after
more than one year|**2023**
2022
**2023**
2022
£
£
£
£
Amounts falling due
within one year
Amounts falling due after
more than one year| |---|---|---|---|---| ||1,177
711
121|1,253
2,802
629|-
-
-|-
-
-| ||2,009
4,684
-
-|||| ||772
711
0
49|730
665
1,004
84|-
-
-|-
-
-| ||1,532
2,483
-
-|||| ||**3,541**
7,167
-
-|||| 18. MUMBLES METHODIST CHURCH _Notes to the Accounts (contd)_ ## 15 **Movements in Church Funds** ## a **Unrestricted Funds - General Fund** |Value of land and buildings
Other||As at
01/09/22
£
2,990,000
78,982|Income
£
-
102,134|

Spend
£
-
-104,046|T/frs from
Renewals
Funds
£
-
4,461|T/fr from
F & Y Work
Fund
£
-
-
-
-||Unrealised
Gain/Loss (-)
on Investments
£
-
-992|As at
31/08/23
£
2,990,000
80,539| |---|---|---|---|---|---|---|---|---|---| ||||||||||| |||3,068,982|102,134|-104,046|4,461|0
-||-992|**3,070,539**| ## b **Unrestricted Funds - Designated Funds** |Renewals Funds - for major repairs
fixtures, fittings and equipment
Church and Victoria Hall
Theo's
**Total Unrestricted Funds**|Renewals Funds - for major repairs
fixtures, fittings and equipment
Church and Victoria Hall
Theo's
**Total Unrestricted Funds**|As at
01/09/22
£
and renewals,
18,503
-
-
1,684
-
-|T/frs to
General
Funds
(Note (i)
£
-
-
-4,461
-|Other
T/frs
(Note (ii)
£
-5,000
-
5,000
-|As at
31/08/23
£
13,503
2,223| |---|---|---|---|---|---| |||20,187
-
-|-4,461
-|0
-|**15,726**| |||3,089,169
102,134
-104,046|0
0|0
-992|**3,086,265**| ## Notes - (i) A transfer of £4,461 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). - (ii) 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. 19. 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
01/09/22
£
4,437
251|Income
£
-
1,114|Spend
£
-
-1,154|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
£
-
-|T/frs to/from
F & YW
Fund
£
-
-|Other
T/frs
£
-
-||Unrealised
Gain/Loss (-)
on Investments
£
-
-|As at
31/08/23
£
4,437
(iii)
211
**4,648**
**3,090,913**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||| ||||||||||||||| ||||||||||||||| |||4,688|1,114|-1,154|||-||0|-||-|| ||||||||||||||| |||3,093,857|103,248|-105,200|||0||0|0||-992|| ## Notes |(iii)|The Family & Youth Work (F|& YW) Restricted Fund is used to offset any excess of Expenditure over Income on the General|& YW) Restricted Fund is used to offset any excess of Expenditure over Income on the General| |---|---|---|---| ||Funds. In the current year, Income exceeds Expenditure so no transfer is necessary.||| ||Direct Income for the year (Note 4f)||2,360| ||Expenditure for the year||| ||Salary (Note 5a)|144|| ||Other|0|| ||||144| |||Excess of Income over Expenditure|2,216| 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. 20. Inde ndent Examinerfs Re to the trustees of Mumbles Methodist Church Chari Nurnber 1129281 I report on the accounts of the cl]arity for the year ended 31 August 2023 which are sd out on pages 9 to 20. Respective Responsibilitie5 of Trnstees and Ex*miner The clwity's tru5tccs are rcsponsible for the preparation of the accounts. The tnLStees consider that atL audit is not rcquircd foT this year under section 144(2) of the ci]aTitI￿ Ath 2011 (the 2011 Act) and that au indqTrcndcllt cxaminatiou is needed. li is my responsibility to: . examillc tbc accounts under section 145 of the 2011 Act" . to follow the proccdurcs laid down in th¢ gen¢rnl Directions given by the Cbarity Commission und¢r section 145(5Kb) of the 2011 Act. and . to state whether particular matters bave come to my attentio Basis of IDdependent Ex*millers' Rew•rt My cxamination wa5 carricd out in ac¢ordan¢e with the general Dir￿tiOnS given by the CE￿ity commissio￿ kn cxatDillatioD includes a Icview of the accounting records kept by tbe d)arity and a comparison of the accounts presented with those r￿OrdS. It also includes consideration of any unusual it￿8 or di5¢1osuffs in the a¢¢ounts, and seeking explanations from you as tnLStees concerning any such matters. The pffJ¢edures undertaken do nol provide all the evidence that would be required in an audit nd consequenily no opinion is given as to whether the accounts present a and fair view, and the TqK)rt is limited to those nMttffl¥ set out in the statemeot below. Independeni Examiner's Statement tn Conuc￿lOll with my examinatio￿ no ll￿tter has come to my att￿tiO (l) which gives me reasonable cause to believe that in any nmterial rwect the requIrem￿ts. . to keep accounting reuyrds in accoTdMllce witb ￿10￿ 130 of the 2011 Act" and . to prepare accounts which accord with the accounting recor(Ls and Comply with the accounting requirements of the 2011 Act have not been mel" or (2) to Whic￿ in my Opinio￿ attention should k drawn in order to eDable a proper undu5tJlldillg of thc accounts to be reached. Signe