|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.|
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|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|
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|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|||||||||
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|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|
##
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||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|