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2021-08-31-accounts

ORPINGTON METHODIST CHURCH

Trustees’ Annual Report for the period 1 September 2020 to 31 August 2021

Registered Charity Number: 1129331

Charity Principal Address:

Orpington Methodist Church, Sevenoaks Road, Orpington, Kent. BR6 9JH

Managing Trustees:

Revd Terry Wright (Chair) Mr Christopher Price (Secretary) Mr Keith Hickey (Treasurer)

Mrs Anne Barnes Mr Roger Lancaster Mrs Margaret Benskin Mrs Carolyn Licence Mrs Stephanie Boswell Mr Robin Licence Mrs Irene Cotterell Mrs June Meeks Mrs Elizabeth Dobb Mrs Dorrance Palmer Ms Margaret Donkin Mr John Pedley Mrs Lois East (Rtd: 17/09/2020) Miss Margaret Sanderson (Rtd: 17/09/2020) Mr Alan Gamwell Mr Charles Stewart Ms Janet Haley Mr Sujay Surji Mr Peter Hibble Mrs Elizabeth Weller Mrs Deborah Hickey Ms Angela Willis Mrs Alison Lancaster

Custodian Trustee:

The Trustees for Methodist Church Purposes

Bankers:

National Westminster Bank Central Finance Board of the Methodist Church

Independent Examiner:

Keith Robinson

Structure, Governance and Management

Type of Governing Document: Deed of Union (1932) and Methodist Church Act (1976)

How the Charity is Constituted: Act of Parliament

Trustee Selection Method: The Minister, Church Stewards, Treasurer, Pastoral Secretary, Church Council Secretary, up to 15 representative Church Members (elected annually), up to 15 additional persons appointed by the Council and a Circuit Steward. Governance: The appointment of Trustees and other officers follows the Constitutional Practice and Discipline of the Methodist Church (CPD). The primary governing body of Orpington Methodist Church, in accordance with CPD, is the Church Council. Members of the Council are the Trustees, and the Council is chaired by the Minister. Church Council representatives and Church Stewards are elected at the Annual General Meeting. All church members can attend this meeting and are entitled to vote, and

Orpington Methodist Church Annual Report and Accounts 2021

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raise any issues for discussion. The Trustees actively seek nominations for new Trustees who can represent all aspects of the Church community and its activities.

Induction/Training:

There is a range of guidance produced by the Methodist Connexion All Trustees receive a copy of CC3, ‘The Essential Trustee: What You Need To Know’

Structure:

Part of the Orpington and Chislehurst Circuit Part of the London Methodist District Accountable to the Methodist Conference A member of Churches Together in Orpington

Risks:

The Church has a Risk Management Policy and has a Risk Assessment Matrix Risks relating to Finance are considered by the Finance Committee Risks relating to Property are considered by the Property Committee Both Committees report to the Church Council (Board of Trustees) Professional advice is taken as necessary There is a regular review process

The Church has adopted a Safeguarding Policy – covering Children and Vulnerable Adults – and has ensured all relevant members of the Church receive appropriate training which is an ongoing process

Objectives and Activities

Objects of the Charity:

These are set out in the Methodist Church Act 1976 (Clause 4) – Advancement of Religion and any charitable purpose of the Methodist Church or church organisation

Summary of Main Objectives:

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

Achievements and Performance

Summary of Main Achievements During the Year:

Orpington Methodist Church continues to provide a range of services and activities for the whole community. Worship takes place every Sunday with provision for other services at other times. Service styles vary according to age group and occasion. The last year has been marked by the restrictions of Covid 19 and the church has responded to the various challenges as they have arisen. While there were periods

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where worship and indoor activities have ceased for periods of time, contact with the congregation and the wider church community has continued unabated. The year has been especially marked by individual acts of voluntary work in the community and increased pastoral activity especially to those living on their own and isolated. 2020/21 saw a marked increase in community funeral provision and pastoral care of the bereaved as a direct result of the pandemic.

The church has maintained contact with many of its user groups, uniformed groups and self-help groups during the times when they were not permitted to meet and the use of video meeting platforms as well as regular news bulletins have helped maintain our church and community links.

During the Year the redevelopment project continued and building work was completed in June. This has been a significant undertaking by a small group of Church volunteers who have monitored, and liaised with the building contractors as well as church building user groups to ensure progress was kept as close as possible to timescales and with minimum overall disruption. One example of this was the Church being able to facilitate The Montessori School at a time when other school provision had been withdrawn in the community. We are very grateful to the Garfield Weston Foundation, The Charles Jacob Trust, the Trustees for Methodist Church Purposes, Methodist Insurance, the Methodist Church, the London District of the Methodist Church and the Orpington and Chislehurst Circuit of the Methodist Church for their support for the project.

The church continues to explore how to make the best use of its facilities and work with user groups and community organisations. Hospitality is at the heart of our work and this is expressed to individuals and groups in pastoral care and the provision of amenities. The LINK Café was successfully launched in July and has been visited by new members. The Church continues to build relationships and encourage partnership with all user groups whose programs benefit the local community. Such programs include those that promote wellbeing, spiritual and mental health, children’s work and charitable groups. Most recently we have been able to continue to facilitate a bereavement help-point.

Alongside The Minister Rev Terry Wright and a part-time administrator, who also serves as a lettings manager and convener of children’s work, we also employ a part-time cleaner who has enabled us to meet additional sanitary standards placed upon us by government legislation. In the main The Church functions and achieves its mission through the many people who give of their time, money and energy to enable a diverse programme to be offered. The Church has 125 members (2020: 125) and around 60 volunteers (2020: 60) many of whom are also Church members. The church is supported by the Orpington and Chislehurst Methodist Circuit, the London District and the wider Methodist Connexion. We are thankful for the support of all those around us in helping us fulfil our responsibilities and realise our vision.

Public Benefit:

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

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Financial Review

Reserves Policy:

Within Unrestricted Reserves there are 3 main funds:

Society Fund and Property Fund £95,500 (2020: £108,926): We aim to ideally hold in reserve sufficient money to cover six months expenditure plus £20,000 as a capital contingency. The Church is dependent on voluntary donations and hall lettings to cover the costs of its ministerial team, property costs and general expenses. As these income and property costs can be volatile, this level of reserves is considered prudent to manage the day to day running of the Church in an organised manner and give time for thorough review if any difficult decisions have to be made. Six months expenditure plus £20,000 is £70,692 so at £95,500 reserves stand at nine months plus £20,000

Legacies Fund £128,679 (2020: £202,865): These are monies received through legacies which the Church Council will allocate to the work of the Church as it deems appropriate. During the year legacies of £2,000 (2020: £168,109) were received. During the year the Church Council decided to spend £73,078 from the Legacy Fund on repairs to the Church roofs and the new The LINK Café. Over the next year the Church will consider how to utilise the balance of Legacies to support its work in the local community.

Designated Funds £323,638 (2020: £338,854): This is made up of 2 separate funds; £320,424 is invested in fixed assets for Building Redevelopment Project; £3,214 is designated for the development of a Peace Garden in the Church grounds. During the year 2 designated funds were fully utilised; the Lost Income Fund and the Sound & Vision Fund.

Within Restricted Reserves there are 3 funds:

Internal Organisations £16,558 (2020: £15,472): these are balances held by separate organisations within the Church who report to the Church Council and are restricted to the use of that organisation.

Peace Garden £1,150 (2020: £0) these are funds given for the express purpose of developing a Peace Garden in the Church grounds.

Organ Fund £400 (2020:£480): these are funds given for the express purpose to develop expertise in playing the Church organ.

Two restricted funds were fully utilised during the year; the Sound & Vision Fund and the Café fund.

Within Endowed Reserves there are 2 funds:

Property £1,133,590 (2020: £1,141,261) which represents funds used in the purchasing of land and buildings for the Church’s general purposes.

Building Development Fund £688,743 (2020: £690,375): This project, which was completed in June 2021, was to develop the potential of the Church building to create a flexible space in the Church, bringing the opportunity to tell the story of our faith in exciting new ways. A new bold entrance allows immediate access and visibility into a renewed church. There will be much greater opportunities for worship, events and exhibitions and other activities to serve and involve the community.

The Church’s Free Reserves are its General Fund £224,179 (2020: £311,611)

Financial Overview:

The Church’s income was £80,177 (2020: £689,449); the main reasons for this material decrease were that in 2020 the Church received grants totalling £409,000 towards the

Orpington Methodist Church Annual Report and Accounts 2021

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building Development Project and the final distribution of a large individual legacy of £168,109. However, underlying income was lower than usual, specifically due to reductions in Loose Cash received and Hire of Premises due to the Covid 19 pandemic. The Church’s expenditure was £191,455 (2020: £112,671), the principal components of which were the Orpington and Chislehurst Circuit assessment and repairs, maintenance, utilities and insurance costs on the Church Buildings. The main reason for the increase in expenditure in 2021 was expenditure on roof repairs of £64,075 and on the Community Hub Café of £10,253. The overall reduction in funds to £2,388,258 (2020: £2,499,536) was mainly due the roof repairs, setting up the café, and lower than usual income from cash collections and premise hire.

Plans for Future Periods

The Trustees intend to maintain the present activities of the Church, as described elsewhere, with a focus on worship, community service and partnership with other churches and agencies in the local community. This will be strengthened by the development of our buildings to support this activity.

In the next twelve months we are seeking further development and capacity building in our Community Hub and The LINK Café. This will involve the recruitment and training of new volunteers and providing opportunities for volunteering among those with mental health issues, rehabilitation and for those seeking life skill development. The Hub will also begin its ‘signposting’ service and provisional Listening ear service.

In the wider church we are looking to strengthen links between the church and users of the building not least with the Montessori school. We will also re-establish some of our community provision lapsed during Covid 19 such as the toddler group.

We have identified a growing need among our existing volunteers and Church members for training in all aspects of delivering a good service both for worship and community activities and courses on listening skills, safeguarding and church leadership will be rolled out in the year.

Covid 19

The Church entered lockdown early after the Sunday service on the 15[th] March 2020. Financially this has meant a loss of income from offertory and outside hire of the premises. Having followed a full programme for opening up the premises and undertaking Covid 19 risk assessments the Church opened for limited services and the premises opened for some outside organisations to hire in July 2020. During 2020/21 Income was down on previous years due to much lower attendances at Sunday Services and much lower premises hire. It is only in September 2021 that the congregation and the hire of the premises approached their pre lockdown levels.

The fall in the Church’s free reserves of £87,432 would have been £104,432 if the Church hadn’t previously set up a designated Lost Income Fund of £17,000. £73,078 was expended from the Legacies fund on roof repairs and The LINK Café. So there was an underlying operating deficit of £38,200. The Church has managed to keep within its Reserves Policy and has set a conservative budget for 2021/22 with the expectation that the Church will still be within its Reserves Policy at the end of the year. Also there

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is £128,679 in the Legacies Fund; some of this will be used to give a voluntary donation to support the Methodist Church’s Pension Fund Deficit and work has now started in building a business plan for the development of the Community Hub which will be funded through the Legacies fund. However, commitment to the later will be managed until it is clearer how the Church’s finances will hold up as the local community returns to Church and to hiring the premises.

Declaration:

The trustees declare that they have approved the trustees’ report above:

Signature:

Revd. Terry Wright Chair

Signature:

Mr Christopher Price Church Secretary

Orpington Methodist Church Annual Report and Accounts 2021

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Responsibilities of the Trustees

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. ln preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Orpington Methodist Church Annual Report and Accounts 2021

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Independent Examiners Report to the Trustees of Orpington Methodist Church

Year Ended 31 August 2021

I report on the accounts of the charity for the year ended 31 August 2021 which are set out on pages 9 to 24.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

ln connection with my examination, no matter has come to my attention:

have not been met; or

Keith Robinson FCA Chartered Accountant Willowcroft, Brasted Chart, Westerham, Kent. TN16 1LX

25[th] November 2021

Orpington Methodist Church Annual Report and Accounts 2021

Page 8

Orpington Methodist Church Statement of Financial Activities (SOFA) for the year ended 31 August 2021

Note
Income
Offerings
Donations
Gift aid
Interest
4
Internal organisations
15
Other
Total income
2
Expenditure
Circuit assessment
Grants & donations
Property maintenance
Insurance, utilities etc.
Depreciation
Office expenses
Other
Internal organisations
15
Total expenditure
3
Net
income/(expenditure)
5
Transfers between
funds
Net movement in
funds
Total funds brought
forward
Total funds carried
forward		 General
Fund
Unrestricted
Designated
Funds
Unrestricted
Restricted
Funds
Endowment
Funds
Total
2020-2021
£
£
£
£
£
39,047
39,047
2,260
2,583
1,328
6,171
7,662
454
250
8,366
1,251
520
1,771
1,680
1,680
23,142
23,142
73,362
0
4,717
2,098
80,177
44,800
44,800
2,750
2,750
101,759
1,887
103,646
13,159
13,159
1,430
12,963
14,393
10,480
10,480
1,920
1,920
307
307
174,868
1,430
2,194
12,963
191,455
(101,506)
(1,430)
2,523
(10,865)
(111,278)
14,074
(13,786)
(1,850)
1,562
0
(87,432)
(15,216)
673
(9,303)
(111,278)
311,611
338,854
17,435
1,831,636
2,499,536
224,179
323,638
18,108
1,822,333
2,388,258

Orpington Methodist Church Annual Report and Accounts 2021

Page 9

Orpington Methodist Church Statement of Financial Activities (SOFA) for the year ended 31 August 2020

Note
Income
Offerings
Donations
Gift aid
Interest
4
Internal organisations
15
Other
Total income
2
Expenditure
Circuit assessment
Grants & donations
Property maintenance
Insurance, utilities etc.
Depreciation
Office expenses
Other
Internal organisations
15
Total expenditure
3
Net
income/(expenditure)
5
Transfers between
funds
Net movement in
funds
Total funds brought
forward
Total funds carried
forward		 General
Fund
Unrestricted
Designated
Funds
Unrestricted
Restricted
Funds
Endowment
Funds
Total
2019-2020
£
£
£
£
£
41,761
41,761
172,306
413,021
585,327
9,045
1,102
10,147
4,294
1,347
5,641
9,370
9,370
37,203
37,203
264,608
9,370
415,471
689,449
44,800
44,800
5,783
5,783
14,339
14,339
17,199
17,199
9,898
9,898
11,009
11,009
2,893
80
2,973
6,670
6,670
96,023
6,750
9,898
112,671
168,586
2,620
405,572
576,778
(77,959)
83,000
(5,041)
0
0
90,627
83,000
(2,421)
405,572
576,778
220,984
255,854
19,856
1,426,064
1,922,758
311,611
338,854
17,435
1,831,636
2,499,536

Orpington Methodist Church Annual Report and Accounts 2021

Page 10

Orpington Methodist Church Balance Sheet as at 31 August 2021

Fixed Assets
Church building
and other
property
Total Fixed
Assets
Current Assets
Debtors and
prepayments
Investments with
TMCP
Central Finance
Board deposits
Cash at bank and
in hand
Total Current
Assets
Current
Liabilities
Creditors (due in
under 1 year)
Total Current
Liabilities
Net Current
Assets
Net Assets
Funds of the
Church
General fund
Designated funds
Total
unrestricted
funds
Restricted funds
Endowment funds
Total Funds		 Note
7		 General
Fund
Unrestricted
Designated
Funds
Unrestricted
£
£
320,230		 Restricted
Funds
£		 Endowment
Funds
£
1,822,333		 Totals
2021
Totals
2020
£
£
2,142,563
1,370,912
9
8
8
8
10
11,12		 320,230
6,322
112,173
78,657
64,349
32,164		 7,023
11,085		 1,822,333 2,142,563
1,370,912
6,322
5,579
112,173
202,685
150,029
884,298
43,249
42,610
229,316
64,349
5,137
60,941		 18,108 311,773
1,135,172
66,078
6,548
5,137
60,941		 66,078
6,548
224,179
3,408		 18,108 245,695
1,128,624
224,179
323,638
224,179
323,638
224,179
323,638		 18,108
18,108		 1,822,333
1,822,333		 2,388,258
2,499,536
224,179
311,611
323,638
338,854
547,817
650,465
18,108
17,435
1,822,333
1,831,636
224,179
323,638		 18,108 1,822,333 2,388,258
2,499,536

Approved by the Board of Trustees on 25[th] November 2021 and signed on their behalf by:

Keith Hickey, Treasurer

Orpington Methodist Church Annual Report and Accounts 2021

Page 11

Notes to the financial statements Year Ended 31 August 2021

1. Accounting Policies

(a) Basis of preparation and assessment of going concern

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Land and Buildings owned on the 1[st] September 2017 are valued at deemed cost as permitted by FRS102 when accounts are first prepared under the transitional arrangements. For land a market value was made by Ibbett Mosely and for fixed assets the discounted replacement cost (DRC) was calculated.

On the basis that there is no evidence of a permanent endowment, it is assumed that the money donated to build the premises was on the expectation of their long term use and so the fair value of the land, the buildings and the organ on a DRC basis is taken as their deemed historical cost under FRS102, and treated as belonging to an expendable endowment for the Church’s general purposes.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

(b) Fixed assets

All fixed assets costing over £5,000 are capitalised.

(c) Depreciation

Land Not Depreciated Buildings in the course of Construction Not Depreciated Buildings 75 years Organ 75 years Furniture and Fixtures 5 years

These expected useful lives, which represent a standard/initial assessment for each asset-class, have been reviewed against current assumptions of each asset's likely further useful life. No significant changes are considered necessary at this time.

(d) Income recognition

Income is brought into account when there is entitlement and the amount is reliably measureable once it is more likely than not that the economic benefit of the income will be forthcoming.

Individual amounts categorised as other income in the SOFA will be shown separately if they are considered material

Orpington Methodist Church Annual Report and Accounts 2021

Page 12

(e) Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measureable and it is considered more likely than not that there will be an outflow of economic benefit.

(f) VAT

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

(g) Receivables and Payables, Bank and Cash (Basic Financial Instruments) Debtors are stated at the amounts owed to the Church or prepaid. Creditors are initially recognised at settlement amount after trade discounts, where normal credit terms apply, or the amount advanced to the Church. Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable values. Monetary Assets are held either by the Trustees for Methodist Purposes (TMCP) as custodian trustees if received through a legacy of greater than £20,000, or as Methodist Central Finance Board Deposits or in local bank accounts.

(h) Funds

The funds held constitute General Funds held for any purpose of the Church which are unrestricted. Restricted Funds are held for a narrower purpose. Where the Church holds money that may not be spent and must be retained (as capital) to generate an income the money or assets to be retained are classified as an Endowment Fund. The capital will be shown in the balance sheet in the column for endowment funds. The income may be restricted or unrestricted depending upon the terms of the endowment. Details of each material fund are disclosed in notes11 and12.

(i) Monies raised for Other Organisations

From time to time the Church has appeals for other Charities; for example at Lent, Harvest and Christmas. As the Church is acting as an agent the funds received are not recognised as an asset because the funds are not within the Church’s control. Consequently, the receipt of funds where the Church is acting as an agent are not recognised as income, nor is its distribution recognised as expenditure. Details of these funds are shown in Note 14.

Orpington Methodist Church Annual Report and Accounts 2021

Page 13

2. Income analysis

Offerings
Loose cash
Stewardship
Total Offerings
Donations
Legacies
Building development
Café & peace garden
Church organisations
Other
Total Donations
Gift Aid
Interest
Internal organisations
Other Income
Hire of premises
Other
Total Other Income
Total Income
Offerings
Loose cash
Stewardship
Total Offerings
Donations
Legacies
Building development
Church organisations
Other
Total Donations
Gift Aid
Interest
Internal organisations
Other Income
Hire of premises
Other
Total Other Income
Total Income		 General
Fund
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
2021
2021
2021
2021
2021
£
£
£
£
£
811
811
38,236
38,236
39,047
0
0
0
39,047
2000
2,000
1,328
1,328
2,583
2,583
200
200
60
60
2,260
0
2,583
1,328
6,171
7,662
454
250
8,366
1,251
520
1,771
1,680
1,680
22,340
22,340
802
802
23,142
0
0
0
23,142
73,362
0
4,717
2,098
80,177
General
Fund
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
2020
2020
2020
2020
2020
£
£
£
£
£
3,693
3,693
38,068
38,068
41,761
0
0
0
41,761
168,109
168,109
413,021
413,021
2,100
2,100
2,097
2,097
172,306
0
0
413,021
585,327
9,045
1,102
10,147
4,294
1,347
5,641
9,370
9,370
36,414
36,414
789
789
37,203
0
0
0
37,203
264,609
0
9,370
415,470
689,449

Orpington Methodist Church Annual Report and Accounts 2021

Page 14

3. Expenditure analysis

Circuit assessment
Grants and donations
Property Maintenance
Caretaker
Café & peace garden
Cleaning
Repairs & maintenance
Total Property Maintenance
Insurance, Utilities, etc.
Insurance
Utilities
Total Insurance, Utilities, etc.
Depreciation
Office expenditure
Other expenditure
Internal organisations
Total Expenditure
Circuit assessment
Grants and donations
Property Maintenance
Caretaker
Cleaning
Repairs & maintenance
Total Property Maintenance
Insurance, Utilities, etc.
Insurance
Utilities
Total Insurance, utilities, etc.
Depreciation
Office expenditure
Other expenditure
Internal organisations
Total Expenditure		 General
Fund
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
2021
2021
2021
2021
2021
£
£
£
£
£
44,800
44,800
2,750
2,750
6,566
6,566
1,887
1,887
202
202
94,991
94,991
101,759
0
1,887
0
103,646
5,623
5,623
7,536
7,536
13,159
0
0
0
13,159
1,430
12,963
14,393
10,480
10,480
1,920
1,920
307
307
174,868
1,430
2,194
12,963
191,455
General
Fund
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
2020
2020
2020
2020
2020
£
£
£
£
£
44,800
44,800
5,783
5,783
8,044
8,044
1,260
1,260
5,035
5,035
14,338
0
0
0
14,339
5,228
5,228
11,971
11,971
17,199
0
0
0
17,199
9,898
9,898
11,009
11,009
2,893
80
2,973
6,670
6,670
96,023
0
6,750
9,898
112,671

Orpington Methodist Church Annual Report and Accounts 2021

Page 15

4. Interest income

2021 2020
£ £
TMCP 691 2,591
Central Finance Board
1,080		 3,050
Total 1,771 5,641
TMCP
 Trustees Interest Fund Interest Rate @ 31/08/21 0.16%
Central Finance Board Reserve Account Interest Rate @ 31/08/21 0.01%

5. Net income/(Expenditure

These are stated after charging
2021 2020
£ £
Depreciation 14,393 9,898
Independent Examiner’s Remuneration 0 0

6. Trustees and employee information

a) Trustee information

No remuneration was paid to or waived by any Trustee during the year (2020:£nil). No expenses were reimbursed to Trustees during the year (2020: £nil)

The Church has insurance with Methodist Insurance with a total cost of £5,623 (2020: £5,228). This premium includes indemnity insurance for the Trustees.

b) Employee information

Employee numbers
2021 2020
Number of staff 2 3
Full time equivalent 0.59 0.67
Employee costs
2021 2020
£
Salaries 14,802 16,062
Social security
Pensions
Total employee costs 14,802 16,062

No employee received remuneration of more than £60 , 000 during the year (2020:£nil)

The charity considers its key management personnel to be the Trustees and the Minister. The Trustees give their time freely and the Minister’s salary is paid by the Circuit, so there are no costs of key management personnel to report (2020: £nil)

Orpington Methodist Church Annual Report and Accounts 2021

Page 16

7. Tangible fixed assets

Land Buildings Organ Furniture Buildings in Total
& the Course of
Fixtures Construction
£ £ £ £ £
Cost
At 1 September 2020 589,000 513,191 62,080
11,138		 225,197 1,400,606
Additions 786,044 786,044
Disposals
Transfers 225,197 (225,197)
At 31 August 2021 589,000 1,524,432 62,080
11,138		 0 2,186,650
Depreciation
At 1 September 2020 0 20,528 2,484
6,682		 29,694
Charged in the year 11,337 828
2,228		 14,393
Disposals
At 31 August 2021 0 31,865 3,312
8,910		 0 44,087
Net Book Value
At 1 September 2020 589,000 492,663 59,596
4,456		 225,197 1,370,912
(restated)
At 31 August 2021 589,000 1,492,567 58,768
2,228		 0 2,142,563
8.
Cash and bank
2021 2020
£ £
TMCP 112,173 202,685
Central Finance Board 150,029 884,298
Bank accounts 42,239 41,350
Cash 1,010 1,260
Total 305,451 1,129,593
9.
Debtors and prepayments
2021 2020
£ £
Gift aid 2,923 2,997
Hire of premises 1,196 486
Other prepayments 2,203 2,096
Total 6,322 5,579
10. Creditors (due in under 1 year)
2021 2020
£ £
Utilities 319 3,324
Building Development 60,941 3,224
Other 4,818 0
Total 66,078 6,548

Orpington Methodist Church Annual Report and Accounts 2021

Page 17

11. Funds

Endowed Funds
Property
Building Development
Total
Restricted Funds
Sound & Vision
Internal Organisations
Peace Garden
Café
Organ
Total
Designated Funds
Sound & Vision
Peace Garden
Lost Income Fund
Building Development
Total
General Funds
Property
Society
Legacies
Total
Total Unrestricted
Funds
Total Funds		 Balance at
31 August
2020
Incoming
Resources
£
£
1,141,261
690,375
2,098		 Outgoing
Resources
£
7,671
5,292		 Transfers
Balance at
31 August
2021
£
£
1,133,590
1,562
688,743
1,831,636
2,098
1,563
15,472
1,680
0
1,787
0
1,250
400		 12,963
307
637
1,250		 1,562
1,822,333
(1,563)
0
(287)
16,558
1,150
0
400
17,435
4,717
2,500
0
17,000
319,354		 2,194
1,430		 (1,850)
18,108
(2,500)
0
3,214
3,214
(17,000)
0
2,500
320,424
338,854
0
50,573
22,596
58,353
48,074
202,685
2,692		 1,430
43,191
58,193
73,484		 (13,786)
323,638
12,200
42,178
5,088
53,322
(3,214)
128,679
311,611
73,362
650,465
73,362		 174,868
176,298		 14,074
224,179
288
547,817
2,499,536
80,177		 191,455 0
2,388,258

The designated fund for the peace garden is expected to be spent during 2021/22

The designated fund for building development has been capitalised and will be depreciated over 75 years in accordance with the accounting policy

Orpington Methodist Church Annual Report and Accounts 2021

Page 18

11. Funds (continued)

Endowed Funds
Property
Building Development
Total
Restricted Funds
Sound & Visions
Internal Organisations
Organ
Total
Designated Funds
Sound & Vision
Lost Income Fund
Building Development
Total
General Funds
Property
Society
Legacies
Total
Total Unrestricted
Funds
Total Funds		 Balance at
31 August
2019
Incoming
Resources
£
£
1,148,931
277,133
415,470		 Outgoing
Resources
£
7,670
2,228		 Transfers
Balance at
31 August
2020
£
£
1,141,261
690,375
1,426,064
415,470
1,563
17,813
9,370
480		 9,898
6,670
80		 0
1,831,636
1,563
(5,041)
15,472
400
19,856
9,370
2,500
17,000
236,354		 6,750 (5,041)
17,435
2,500
17,000
83,000
319,354
255,854
0
49,323
38,810
56,285
55,099
115,376
170,700		 0
33,297
62,335
391		 83,000
338,854
(4,263)
50,573
9,304
58,353
(83,000)
202,685
220,984
264,609
476,838
264,609		 96,023
96,023		 (77,959)
311,611
5,041
650,465
1,922,758
689,649		 112,871 0
2,499,536

Orpington Methodist Church Annual Report and Accounts 2021

Page 19

11. Funds (continued)

Endowed Funds Property Represents funds used in purchasing land and buildings for the Church’s general purposes. Building Development Represents funds donated to the Church with the express wish to fund the building development project. Restricted Funds Sound & Vision Represents funds given expressly for the purposes of improving the sound and vision in the Church. Internal Organisations Represents funds held in the various Church organisations to carry out their activities. (Note 15). Peace Garden Represents funds given expressly to develop a Peace Garden in the grounds of the Church. Café Represents funds given expressly to construct a Café in the New Concourse. Organ Represents funds given expressly to develop expertise in playing the Church organ. Designated Funds Sound & Vision Represents funds designated from general funds towards improving sound and vision in the Church. Peace Garden Represents funds designated from general funds to develop a Peace Garden in the grounds of the Church. Lost Income Fund Represents funds allocated to cover any loss of income for premises hire during the redevelopment project. Building Development Represents funds designated from general funds towards the building development project. General Funds Property Represents undesignated monies retained to provide working capital to enable the Church to run and maintain its buildings and equipment. Society Represents undesignated monies retained to provide working capital to enable the Church to carry out its activities. Legacies Represents undesignated monies received from legacies.

£12,963 (2020: £9,898) was expended from endowed funds representing the conversion of expendable endowment trust capital into income to the extent needed to offset the year’s expenditure charge in the SOFA as depreciation of the functional fixed assets belonging to these endowments.

Fund Transfers

During the year ended 31 August 2021 the following further fund transfers were made:

Orpington Methodist Church Annual Report and Accounts 2021

Page 20

12. Analysis of net assets by funds

2021
Tangible fixed assets
Work in progress
Cash and bank
Other current assets
Current liabilities
Funds at 31 August 2021
2020
Tangible fixed assets
Work in progress
Cash and bank
Other current assets
Current liabilities
Funds at 31 August 2020		 General Designated
Restricted
Endowed
Total
£
£
£
£
£
320,230
1,822,333
2,142,563
0
222,994
64,349
18,108
305,451
6,322
6,322
5,137
60,941
66,078
224,179
323,638
18,108
1,822,333
2,388,258
General Designated
Restricted
Endowed
Total
£
£
£
£
£
1,145,715
1,145,715
225,197
225,197
309,356
338,854
17,435
463,948
1,129,593
5,579
5,579
3,324
3,224
6,548
311,611
338,854
17,435
1,831,636
2,499,536

Orpington Methodist Church Annual Report and Accounts 2021

Page 21

13. Taxation

The Church is a charity within the meaning of Para 1 Schedule 6 Finance Act 2010. Accordingly the Church is potentially exempt from taxation in respect of income or capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. No tax charge arose in this period.

14. Agent funds

At times during the year and specifically at Lent, Harvest and Christmas, the Church raises monies for specific Charities, and passes the monies raised directly to them. As the Church is acting as those Charities Agents it does not include the amounts donated in its income and expenditure. The amounts concerned are detailed below

Action for Children
Methodist Homes
Living On
Friends of Matthew Rusike
Street Child
Porchlight
Bromley Borough Foodbank
The Salvation Army
Total		 2021
£
64
98
65
65
292		 2020
£
339
350
292
20
956
10
1,763

Orpington Methodist Church Annual Report and Accounts 2021

Page 22

15. Internal organisations

Sparklers
Families Together
Junior Youth Club
Senior Youth Club
Wednesday Circle
Amateur Dramatics
Voluntary Youth
Project
Art Club
Total
Sparklers
Families Together
Junior Youth Club
Senior Youth Club
Wednesday Circle
Amateur Dramatics
Luncheon Club
Voluntary Youth
Project
Art Club
Total		 Balance at
31 August
2020
Incoming
Resources
Outgoing
Resources
Transfers Balance at
31 August
2021
£
£
£
£
£
697
(200)
497
1,592
1,592
2,363
2,363
1,262
27
1,235
258
258
1,996
275
1,721
6,774
1,502
(87)
8,189
530
178
5
703
15,472
1,680
307
(287)
16,558
Balance at
31 August
2019
Incoming
Resources
Outgoing
Resources
Transfers Balance at
31 August
2020
£
£
£
£
£
944
404
51
(600)
697
1,583
366
357
1,592
1,144
2,596
1,377
2,363
623
1,200
261
(300)
1,262
125
251
38
(80)
258
1,579
2,957
1,033
(1,507)
1,996
2,204
(2,204)
0
8,933
1,099
3,258
6,774
678
497
295
(350)
530
17,813
9,370
6,670
(5,041)
15,472

Orpington Methodist Church Annual Report and Accounts 2021

Page 23

16. Cash flow

Net income
(Increase)/Decrease in fixed assets
Add back depreciation
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Opening cash and bank
Closing cash and bank		 2021
2020
£
£
(111,278)
576,778
(786,044)
(141,196)
14,393
9,898
(743)
96,954
59,530
5,317
(824,142)
547,750
1,129,593
581,843
305,451
1,129,593

17. Related party transactions

There were no related party transactions during the year

18. Capital commitments

2021 2020
£ £
Building Development Project 0 738,535

Orpington Methodist Church Annual Report and Accounts 2021

Page 24