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2022-08-31-accounts

ORPINGTON METHODIST CHURCH

Trustees’ Annual Report for the period 1 September 2021 to 31 August 2022

Registered Charity Number: 1129331

Charity Principal Address:

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

Managing Trustees:

Revd Duncan MacBean (Chair) (Apt: 01/01/2022) Revd Terry Wright (Chair) (Rtd: 31/12/2021) Mr Christopher Price (Secretary) Mr Keith Hickey (Treasurer)

Mrs Anne Barnes Mrs Alison Lancaster Mrs Margaret Benskin Mr Roger Lancaster Mrs Stephanie Boswell Mrs Carolyn Licence Mrs Irene Cotterell Mr Robin Licence Mrs Elizabeth Dobb Mrs June Meeks Ms Margaret Donkin Mrs Dorrance Palmer Mrs Lois East (Apt: 24/04/2022) Mr John Pedley Mr Alan Gamwell Mr Charles Stewart Ms Janet Haley Mr Sujay Surji Mr Peter Hibble Mrs Elizabeth Weller Mrs Deborah Hickey Ms Angela Willis

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

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 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. Trustee Selection Method: The Minister, Church Stewards, Treasurer, Pastoral

Orpington Methodist Church Annual Report and Accounts 2022

Page 1

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.

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:

It has been an eventful year for the congregation and stewards at Orpington Methodist Church. After much work and many sleepless nights, the new concourse was formally opened on 4[th] September 2021. Our grateful thanks to all those who gave their expertise and time to this project.

Orpington Methodist Church Annual Report and Accounts 2022

Page 2

The opening coincided with the end of lock-down across the country which meant that people were once again able to attend regularly. Sadly, attendance has gone down from the usual 70 or so people to around 50. This will need to be addressed in the first 2 quarters of the new Methodist year.

Fortunately, the end of lock-down has meant a steady return of hirers to the premises and this has had a positive impact on income. Church organisations have also, by and large, returned to use the premises and so the social and creative side of Church has begun again.

The work being done through the Café has developed apace and this includes the development of ‘listening ear’ training, which offers a welcome and a safe space to all. The Cafe remains one of the biggest areas for potential development of new links within the community that this Church has. We are looking for more volunteers to manage more sessions so that the Café can open more often.

Christmas saw a good return of people to worship over the season, but it also heralded the departure of Rev. Terry Wright from the Circuit. He was given a fond farewell, both by the Circuit and this Church and has settled into his new role as an Army Chaplain.

Another change was that of the retirement of Nic Parker from her role (one among many) as Church Administrator. After successful interviews, Jenny Cottle was appointed, starting just after Easter. Jenny has settled into her new role well, with lettings income already on the increase. She has shown herself to be invaluable in the life of the Church too, making sure that Sunday services run as smoothly as they can. Processes within the Church are progressively being overhauled so that there is efficient control by Jenny and the various committees in the church.

The May walk resumed with about 200 walkers and 65 Marshalls. £8,500 was raised for Bromley and Croydon Women's Aid and Bromley Bright Beginnings. This continues to be one of the single biggest acts of fundraising in the life of the Church and our thanks go to the organisers, as well as to the participants and Marshalls.

Finally, both the new development and the Peace Garden were dedicated on 17[th] July 2022. Our thanks go out to those who made the Peace Garden what it is today. It marked a fitting end to a year of exceptionally hard work by a dedicated team of volunteers.

Alongside the Minister and part time administrator we also employ a part time cleaner. 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 89 members (2021: 125) and around 65 volunteers (2021: 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.

Orpington Methodist Church Annual Report and Accounts 2022

Page 3

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’.

Financial Review

Reserves Policy:

Within Unrestricted Reserves there are 3 main funds:

Society Fund and Property Fund £106,808 (2021: £95,500): We aim to ideally hold in reserve sufficient money to cover six months expenditure. 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 is £54,860 so at £106,808 reserves stand at just under 12 months. Given the increased cost volatility at the present time, especially utility costs, this higher reserve is considered prudent.

Legacies Fund £41,139 (2021: £128,679): 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 £5,000 (2021: £2,000) were received and the Church Council decided to make a donation of £37,000 from the Legacy Fund to support The Methodist Church Pension Scheme and transfer £55,000 to a designated fund to support the Church’s work in the local community.

Designated Funds £371,041 (2021: £323,638): This is made up of 3 separate funds; £315,941 is invested in fixed assets; £100 is designated for the final costs of a Peace Garden in the Church grounds; and, £55,000 is designated for use on the Church’s work in the community.

Within Restricted Reserves there is 1 fund:

Internal Organisations £21,578 (2021: £16,558): 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.

Two restricted funds were fully utilised during the year; the Peace Garden Fund and the Organ Fund.

Within Endowed Reserves there are 2 funds:

Property £1,125,920 (2021: £1,133,590) which represents funds used in the purchasing of land and buildings for the Church’s general purposes.

Building Development Fund £682,969 (2021: £688,743): 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 are 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 £147,947 (2020: £224,179)

Orpington Methodist Church Annual Report and Accounts 2022

Page 4

Financial Overview:

The Church’s income was £141,424 (2021: £80,177); the main reasons for the increase in income was the Church opening up in September 2021 following Covid lockdowns; hire of premises was up by £36,458, Internal Organisations up by £15,432 and the opening of the LINK café led to a new income source of £3,918 as Church organisations and other users of the premises returned. The Church’s expenditure was £180,227 (2021: £191,455), the principal components of which were the Orpington and Chislehurst Circuit assessment and repairs, maintenance, utilities and insurance costs on the Church Buildings. Also during 2022 the Church made a donation of £37,000 to The Methodist Church Pension Scheme. Whilst overall expenditure in 2022 was broadly similar to 2021, there were a number of material movements within expenditure areas. Repairs and maintenance was £77,194 lower as in 2021 £73,078 was spent on roof repairs and setting up the LINK Café Hub. There was an increased expense for depreciation following a full year’s provision for the Building Development Project that was completed in June 2021 and across a number of other areas as the buildings came to life again after the Covid lockdowns.

Going Concern

The Church made a surplus of £11,228 on its Property and Society Funds, which are the main General Funds of the Church. Those two funds have reserves of £106,808 which is equivalent to just under 1 year’s expenditure of those funds. Alongside this the Church has £41,139 in the Legacies General Fund and if necessary the £55,000 that the Trustees have designated for its work in the Community can be called on. Whilst there is some concern about the effect of the Cost of Living crisis, especially on utility costs, the Church has set a conservative budget for 2022/23 and the Trustees expect to meet its Reserves Policy in 2022/23 and beyond.

Plans for Future Periods

The Trustees intend to maintain the present activities of the Church with a focus on worship and community service. 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.

With the welcome of Rev. Robert Selvakumar in September 2022 into his role as Minister, there lie many possibilities for renewed growth in the life of the Church. As Robert settles into his role, our hope is that much of the potential that lies dormant at the moment may find life and purpose in the work of the Church.

Declaration:

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

Signature: Signature:

Revd. Duncan MacBean Mr Christopher Price Chair Church Secretary

Orpington Methodist Church Annual Report and Accounts 2022

Page 5

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 2022

Page 6

Independent Examiners Report to the Trustees of Orpington Methodist Church

Year Ended 31 August 2022

I report on the accounts of the charity for the year ended 31 August 2022 which are set out on pages 8 to 22.

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

24[th] November 2022

Orpington Methodist Church Annual Report and Accounts 2022

Page 7

Orpington Methodist Church Statement of Financial Activities (SOFA) for the year ended 31 August 2022

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
2021-2022
£
£
£
£
£
38,209
38,209
8,549
6
125
4,620
13,300
7,679
6
1,105
8,790
741
741
17,112
17,112
63,272
63,272
118,450
6
17,243
5,725
141,424
44,100
44,100
39,750
39,750
26,252
26,252
20,609
20,609
4289
19,169
23,458
11,959
11,959
4,369
2,849
1,281
8.499
5,600
5,600
147,039
7,138
6,881
19,169
180,227
(28,589)
(7,132)
10.362
(13,444)
(38,803)
(47,643)
54,535
(6,892)
0
(76,232)
47,403
3,470
(13,444)
(38,803)
224,179
323,638
18,108
1,822,333
2,388,258
147,947
371,041
21,578
1,808,889
2,349,455

Orpington Methodist Church Annual Report and Accounts 2022

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 2022

Page 9

Orpington Methodist Church Balance Sheet as at 31 August 2022

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
£
£
315,941		 Restricted
Funds
£		 Endowment
Funds
£
1,808,889		 Totals
2022
Totals
2021
£
£
2,124,830
2,142,563
9
8
8
8
10
11,12		 315,941
14,029
41,140
34,085
69,537
21,015
26,441		 5,495
16,083		 1,808,889 2,124,830
2,142,563
14,029
6,322
75,225
112,173
96,047
150,029
42,524
43,249
151,147
55,100
3,200		 21,578 227,825
311,773
3,200
66,078
3,200 3,200
66,078
147,947
55,100		 21,578 224,625
245,695
147,947
371,041
147,947
371,041
147,947
371,041		 21,578
21,578		 1,808,889
1,808,889		 2,349,455
2,388,258
147,947
224,179
371,041
323,638
518,988
547,817
21,578
18,108
1,808,889
1,822,333
147,947
371,041		 21,578 1,808,889 2,349,455
2,388,258

Approved by the Board of Trustees on 24[th] November 2022 and signed on their behalf by:

Keith Hickey, Treasurer

Orpington Methodist Church Annual Report and Accounts 2022

Page 10

Notes to the financial statements Year Ended 31 August 2022

  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 were 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 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 2022

Page 11

(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 Church 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 2022

Page 12

2. Income analysis

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
Cafe
Other
Total Other Income
Total Income
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		 General
Fund
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
2022
2022
2022
2022
2022
£
£
£
£
£
2,944
2,944
35,265
35,265
38,209
0
0
0
38,209
5,000
5,000
6
4,620
4,626
125
125
3,199
3,199
350
350
8,549
6
125
4,620
13,300
7,679
6
1,105
8,790
741
741
17,112
17,112
58,798
58,798
3,918
3,918
556
556
63,272
0
0
0
63,272
118,450
6
17,243
5,725
141,424
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

Orpington Methodist Church Annual Report and Accounts 2022

Page 13

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
Café
Other expenditure
Internal organisations
Total Expenditure
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		 General
Fund
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
2022
2022
2022
2022
2022
£
£
£
£
£
44,100
44,100
39,750
39,750
8,587
8,587
0
1,132
1,132
16,533
16,533
26,252
0
0
0
26,252
5,958
5,958
14,651
14,651
20,609
0
0
0
20,609
4,289
19,169
23,458
11,959
11,959
1,319
1,319
3,050
2,849
1,281
7,180
5,600
5,600
147,039
7,138
6,881
19,169
180,227
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

Orpington Methodist Church Annual Report and Accounts 2022

Page 14

4. Interest income

2022 2021
£ £
TMCP 372 691
Central Finance Board 369 1,080
Total 741 1,771
TMCP
 Trustees Interest Fund Interest Rate @ 31/08/22 1.27%
Central Finance Board Reserve Account Interest Rate @ 31/08/22 1.36%

5. Net income/(Expenditure

These are stated after charging
2022 2021
£ £
Depreciation 23,458 14,393
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 (2021:£nil). No expenses were reimbursed to Trustees during the year (2021: £nil)

The Church has insurance with Methodist Insurance with a total cost of £5,958 (2021: £5,623). This premium includes indemnity insurance for the Trustees.

b) Employee information

Employee numbers
2022 2021
Number of staff 2 2
Full time equivalent 0.71 0.59
Employee costs
2022 2021
£ £
Salaries 16,648 14,802
Social security
Pensions
Total employee costs 16,648 14,802

No employee received remuneration of more than £60 , 000 during the year (2021:£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 (2021: £nil)

Orpington Methodist Church Annual Report and Accounts 2022

Page 15

7. Tangible fixed assets

Land Buildings Organ Furniture Total
&
Fixtures
£ £ £ £ £
Cost
At 1 September 2021 589,000 1,524,432 62,080
11,138		 2,186,650
Additions 5,725 5,735
Disposals
Transfers
At 31 August 2021 589,000 1,530,157 62,080
11,138		 2,192,375
Depreciation
At 1 September 2021 0 31,865 3,312
8,910		 44,087
Charged in the year 20,402 828
2,228		 23,458
Disposals
At 31 August 2022 0 52,267 4,140
11,138		 67,545
Net Book Value
At 1 September 2021 589,000 1,492,567 58,768
2,228		 2,142,563
At 31 August 2022 589,000 1,477,890 57,940
0		 2,124,830
8.
Cash and bank
2022 2021
£ £
TMCP 75,224 112,173
Central Finance Board 96,047 150,029
Bank accounts 41,737 42,239
Cash 787 1,010
Total 213,796 305,451
9.
Debtors and prepayments
2022 2021
£ £
Gift aid 2,978 2,923
Hire of premises 7,867 1,196
Other prepayments 3,184 2,203
Total 14,029 6,322
10. Creditors (due in under 1 year)
2022 2021
£ £
Utilities 3,167 319
Building Development 0 60,941
Other 33 4,818
Total 3,200 66,078

Orpington Methodist Church Annual Report and Accounts 2022

Page 16

11. Funds

Balance at
31 August
2021
Incoming
Resources
£
£
Endowed Funds
Property
1,133,590
Building Development
688,743
5,725
Total
1,822,333
5,725
Restricted Funds
Internal Organisations
16,558
17,112
Peace Garden
1,150
131
Organ
400
Total
18,108
17,243
Designated Funds
Community Development
Peace Garden
3,214
Building Development
320,424
6
Total
323,638
6
General Funds
Property
42,178
62,108
Society
53,322
50,971
Legacies
128,679
5,371
Total
224,179
118,450
Total Unrestricted
Funds
547,817
118,456
Total Funds
2,388,258
141,424		 Balance at
31 August
2021
Incoming
Resources
£
£
1,133,590
688,743
5,725		 Outgoing
Resources
£
7,670
11,499		 Transfers
Balance at
31 August
2022
£
£
1,125,920
682,969
1,822,333
5,725
16,558
17,112
1,150
131
400		 19,169
5,600
1,281		 0
1,808,889
(6,492)
21,578
0
(400)
0
6,881
2,849
4,289		 (6,892)
21,578
55,000
55,000
(265)
100
(200)
315,941
323,638
6
42,178
62,108
53,322
50,971
128,679
5,371		 7,138
49,103
60,616
37,320		 54,535
371,041
3,155
58,338
4,793
48,470
(55,591)
41,139
224,179
118,450
547,817
118,456		 147,039
154,177		 (47,643)
147,947
6,892
518,988
2,388,258
141,424		 180,227 0
2,349,455

The designated fund for the peace garden is expected to be spent during 2022/23

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 2022

Page 17

11. Funds (continued)

Endowed Funds
Property
Building Development
Total
Restricted Funds
Sound & Visions
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

Orpington Methodist Church Annual Report and Accounts 2022

Page 18

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 Community Development Represents funds designated from general funds towards developing the Church’s work in the local community 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.

£19,169 (2020: £12,963) 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

Orpington Methodist Church Annual Report and Accounts 2022

Page 19

12. Analysis of net assets by funds

2022
Tangible fixed assets
Cash and bank
Other current assets
Current liabilities
Funds at 31 August 2022
2021
Tangible fixed assets
Cash and bank
Other current assets
Current liabilities
Funds at 31 August 2021		 General Designated
Restricted
Endowed
Total
£
£
£
£
£
315,941
1,808,889
2,124,830
137,118
55,100
21,578
213,796
14,029
14,029
3,200
3,200
147,947
371,041
21,578
1,808,889
2,349,455
General Designated
Restricted
Endowed
Total
£
£
£
£
£
320,230
1,822,333
2,142,563
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

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.

Orpington Methodist Church Annual Report and Accounts 2022

Page 20

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

2022 2021
£ £
Action for Children 101 64
Methodist Homes 228 98
Christian Aid 305
Bromley Borough Foodbank 759 65
The Salvation Army 65
Total 1393 292
15. Internal organisations
Balance at
Incoming		 Outgoing Transfers Balance at
31 August Resources Resources 31 August
2021 2022
£ £ £ £ £
Sparklers 497 (497) 0
Families Together 1,592 (1,592) 0
Junior Youth Club 2,363
3,513		 3,040
(2,536)		 300
Senior Youth Club 1,235
1,058		 501 1,792
Wednesday Circle 258
80		 70 268
Amateur Dramatics 1,721
2,470		 687
(1,467)		 2,037
Voluntary Youth 8,189
9,457		 958 16,688
Project
Art Club 703 534 344
(400)		 493
Total 16,558
17,112		 5,600
(6,492)		 21,578
Balance at
Incoming		 Outgoing Transfers Balance at
31 August Resources Resources 31 August
2020 2021
£ £ £ £ £
Sparklers 697 (200) 497
Families Together 1,592 1,592
Junior Youth Club 2,363 2,363
Senior Youth Club 1,262 27 1,235
Wednesday Circle 258 258
Amateur Dramatics 1,996 275 1,721
Voluntary Youth 6,774
1,502		 (87) 8,189
Project
Art Club 530 178 5 703
Total 15,472
1,680		 307
(287)		 16,558

Orpington Methodist Church Annual Report and Accounts 2022

Page 21

16. Cash flow

Net income/(Expenditure)
(Increase)/Decrease in fixed assets
Add back depreciation
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Opening cash and bank
Closing cash and bank		 2022
2021
£
£
(38,803)
(111,278)
(5,725)
(786,044)
23,458
14,393
(7,707)
(743)
(62,878)
59,530
(91,655)
(824,142)
305,451
1,129,593
213,796
305,451

17. Related party transactions

There were no related party transactions during the year

18. Capital commitments

2022 2021 £ £ 0 0

Orpington Methodist Church Annual Report and Accounts 2022

Page 22