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2022-08-31-accounts

FINANCIAL STATEMENTS FOR THE YEAR STATEMENTS FOR THE YEAR STATEMENTS FOR THE YEAR STATEMENTS FOR THE YEAR ENDED 31STAUGUST 2022 ENDED 31STAUGUST 2022
CONTENTS AND CHARITY INFORMATION
CONTENTS PAGE
Report ofthe Trustees 1-3
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 7-11
TRUSTEES Rev'd Colin Smith Michael Sharpe
Malcolm Haslett (Steward) (appointed 25 April 2022) Deacon lan Murray
Philip Howie (Steward) Dorothy Haslett
Angus Campbell (Steward) Janet Davis
Adrian Mackintosh (Steward) Barbara Sinclair
Graham
Burghall		 (Steward) John Papaloizou
Paul Ashley (Treasurer) Geoff'rey Batty
Margaret
Skempton		 Elaine Papaloizou
Lynda Meharry
Katharine
Batty
Rachel Hallam
NON TRUSTEE
OFFICERS Rev'd Rose Westwood
Jennie Jenks (Steward)
CHARITY
REGISTRATION
NUMBER 1129303
EXAIVHNERS Prentis &Co LLP
Chartered
Accountants		 and Independent Examiners
115cMilton Road
Cambridge
CB4 IXE
BANKERS Lloyds Bank Pic
University ofCambridge Branch
PO Box 1000
BXI ILT
Trustees for Methodist Church Purposes
Model Trust Fund
Central Buildings
Oldham
Street
Manchester
Ml IJQ
Central Finance Board ofthe Methodist Church
9 Bonhill Street
London
EC2A 4PE

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FINANCIAL STATEMENTS FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STAUGUST 2022 YEAR ENDED 31STAUGUST 2022
BALANCE SHEET
2022 2021
Notes
FIXEDASSETS
Tangible fixed assets 929,124 986,762
Investments 142,079 151,384
TOTAL FIXEDASSETS 1,071,203 1,138,146
CURRENT ASSETS
TMCP Trust Fund - Accounts 124,667 124,485
Central Finance Board - Deposit Accounts 118,638 60,938
Cash at bank and in hand 77,032 80,188
Debtors 10,676 6,733
TOTAL CURRENT ASSETS 331,013 272,344
CREDITORS: amounts fafiing due within one year 2,856 2,337
NET CURRENT ASSETS
TOTAL ASSETSLESSCURRENT LIABILITIES 328,157 270,007
NET ASSETS 1,399,360 1,408,153
THE FUNDS OF THE CHARITY
Endowment
funds		 142,079 151,384
Unrestricted
income funds		 1,138,806 1,210,723
Restricted income funds 10 118,475 46,046
TOTAL CHARITY FUNDS 1,399,360 1,408, 153
App""
t be I p		 and signed on their behalf.

GRANTS RECEIVED 2022
Year ended 31stAugust 2022 Unrestricted Restricted Total
Funds Funds Funds
8
John Apthorpe
Charity		 67,175 67,175
The Leys 5,000 5,000
Other 250 250
72,425 72,425
GRANTS RECEIVED 2021
Year ended 31st August 2021 Unrestricted Restricted Total
Funds Funds Funds
All Churches
Trust Limited		 31,000 31,000
Others 15,000 15,000
46,000 46,000
INTEREST AND INVESTMENT INCOME 2022
Year ended 31st August 2022 Unrestncted Total
Funds Funds
6
Interest on deposits 3,084 3,084
INTEREST AND INVESTMENT INCOME 2021
Year ended 31st August 2021 Unrestricted Total
Funds Funds
f, 6
Interest on deposits 600 600

CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES 2022 2021
YEAR ENDED 31STAUGUST 2022 Note
Circuit assessment
or share		 96,125 83,409
Worship 4,953 2,719
Donations 194 6,653
Repairs
and		 maintenance 29,428 22,633
Utilities 25,448 22,789
Staff 55,008 53,788
Other payments 6,288 10,058
Building depreciation 26,617 26,617
Equipment depreciation 32,493 32,494
276,554 261,160
CHARITABLE ACTIVITIES 2021 2020
YEAR ENDED 3ISTAUGUST 2021 Note
Circuit assessment
or share		 83,409 97,728
Worship 2,719 4,556
Donations 6,653 17,297
Repairs and maintenance 22,633 71,543
Utilities 22,789 21,452
Staff 53,788 49,849
Other payments 10,058 21,144
Building depreciation 26,617 26,617
Equipment depreciation 32,494
261,160 310,186
Included
in		 costs were governance costs as follows: 2022 2021
8 8
Independent examination 1,050 984
TRUSTEES AND STAFF REMUNERATION 2022 2021
The staff costs were:
Trustees (Circuit Ministers) and support staff
Salaries 46,669 45,465
Social security costs 3,348 3,423
Pension costs 2,733 2,728
Apprentice levy 234 227
Agency staff 1,694
Other 330 1,945
55,008 53,788
Average weekly number ofstaff employed during the year;
Full time
Part time

TANGIBLE FIXEDASSETS Freehold
Year ended 31stAugust 2022 Property Equipment Total
COST
Balance at 1st September 2021 1,381,063 324,936 1,705,999
Additions 1,472 1,472
Balance at 31stAugust 2022 1,382,535 324,936 1,707,471
DEPRECIATION
Balance at 1st September 2021 686,744 32,493 719,237
Charge for the year 26,617 32,493 59,110
Balance at 31stAugust 2022 713,361 64,986 778,347
NET BOOK VALUE AT 31STAUGUST 2022 669,174 259,950 929,124
TANGIBLE FIXEDASSETS Freehold
Year ended 31stAugust 2021 Property Equipment Total
COST
Balance at 1st September 2020 1,348,061 324,936 1,672,997
Additions 33,002 33,002
Balance at 31st August 2021 1,381,063 324,936 1,705,999
DEPRECIATION
Balance at 1st September 2020 660,127 660,127
Charge for the year 26,617 32,493 59,110
Balance at 31st August 2021 686,744 32,493 719,237
NET BOOK VALUE AT 31STAUGUST 2021 694,319 292,443 986,762
INVESTMENTS
—ENDOWMENTS		 Market Unrealised Market
Year ended 31stAugust 2022 Value at Gains/ Value at
1.9.2021 (losses) 31.8.2022
Trustees Interest Fund 37,716 439 38,155
CFB Managed
Equity Fund		 47,290 (5,070) 42,220
CFB Managed Fixed Interest Fund 20,171 (3,005) 17,166
CFB Managed
Mixed Fund		 26,575 (1,669) 24,906
Aberdeen
UK Equity Inc A		 19,632 19,632
151,384 (9,305) 142,079
INVESTMENTS
—ENDOWMENTS		 Market Unrealised Market
Year ended
31stAugust 2021		 Value at Gains/ Value at
1.9.2020 (losses) 31.8.2021
Trustees Interest Fund 37,427 289 37,716
CFB Managed
Equity Fund		 37,274 10,016 47,290
CFB Managed Fixed Interest Fund 20,560 (389) 20,171
CFB Managed
Mixed Fund		 22,453 4,122 26,575
Aberdeen
UK Equity Inc A		 16,268 3,364 19,632
133,982 17,402 151,384

DEBTORS 2022 2021
E
Trade debtom 10,676 6,733
9. CREDITORS 2022 2021
Due within one year 8
Trade creditors 2,141 1,622
Accruals 715 715
2,856 2,337
10. RESTRICTED FUNDS
Year ended 31stAugust 2022 Blougllt Carried
forward Income Expenditure forward
f,
John Apthorpe Charity 67,175 67,175
The Lays 5,000 5,000
All Churches Trust 31,000 31,000
Cambridge City Council 15,000 15,000
Others 46 254 300
46,046 72,429 118,475
RESTRICTED FUNDS Brought Carried
Year ended 31stAugust 2021 forward Income Expenditure forward
8
All Churches Trust 31,000 31,000
Cambridge City Council 15,000 15,000
Others 46 46
46,046 46,046

2022 2021
Beales 59,387 67,462
Robert Sherman Bequest 20,259 21,019
Mrs Ada E Kent 100 100
Rev K Kirky Bequest 27,681 28,212
Kathleen Nicholson 1,054 1,038
Various Bequests 33,598 33,553
142,079 151,384