ORPINGTON METHODIST CHURCH
Trustees' Annual Report for the period 1 September 2022 to 31 August 2023
Registered Charity Number: 1129331
Charity Principal Address:
Orpington Methodist Church, Sevenoaks Road, Orpington, Kent BR6 9JH
Managing Trustees:
Duncan McBean Revd Robert Selvakumar Mr Keith Hickey Mr Franklyn Brew Mr Christopher Price
Chair (Rtd 24/11/22} Chair (Apt: 01/09/2022) Treasurer ( Rtd 1/7 /23) Treasurer (Apt: 21/05/2023) Secretary
Mrs Anne Barnes Mrs Margaret Benskin (Rtd 9/2/23) Mrs Stephanie Boswell Mrs Irene Cotterell Mrs Elizabeth Dobb Ms Margaret Donkin (Rtd 21/5/23) Ms Lois Claire East Mr Alan Gamwell (Rtd 21/5/23) Ms Janet Haley Mr Peter Hibble (Rtd 21/5/23) Mrs Deborah Hickey Mr Simon David Laurence Jones (Apt: 24/11/2022} Mr Roger Lancaster
Mrs Alison Lancaster (Rtd 1/7 /23) Mr Robin Licence Mrs Carolyn Licence Dr Emma Maddy (Apt: 21/05/2023) Mrs June Meeks (Rtd 21/5/23) Mrs Dorrance Palmer Mr John Pedley Mr Neville John Secular (Apt: 21/05/2023) Mr Charles Stewart Mr Sujay Surji (Rtd 24/11/22) Mrs Elizabeth Weller Ms Angela Willis
Custodian Trustee:
The Trustees for Methodist Church Purposes
Bankers:
National Westminster Bank
Central Finance Board of the Methodist Church
Structure. Governance and Management
Type of Governing Document: Deed of Union (1932) and Methodist Church Act (1976) Act of Parliament How the Charity is Constituted:
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 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.
Orpington Methodist Church Annual Report and Accounts 2023
Page 1
Inductlonftralninz: There is a range of guidance produced by the MethiNli5t Connexion. All Trustees re1ve a copy of CC3.'The Essential Trustee: What You Need to Know, Structure: Part of the Orpingion and Chislehurst Circuit Pèrt of the London Methodist District Accountable to the Methodist Conference A Member of Churche5 Together in Orpington Risk&. The Church has a Risk Management Policy and has a Risk Assessment Matrix Risks relating to Finan are considered by the Finance Committee. Risks relating to Property are considered by the Property Commtttee. Both Committees report to the Church Counol (Board ofTrustees) Professional advice is taken as nesSary There is a regular review process The Church has adopted a Safeguardirg Policy- covering Children and Vulnerable Adults - and has enSUd all relevant members of the Church re[Ye approprtate training whith is an ongoing pro55. Ob ect1 and Actlvttles These are set out in the Methodist Church Act 1976 (Clause 41- Advance of Religion and any charitable purwjse of the Methodist Church or church organisation. Summa of Main Ob The purposes of the Methodist Church are and shall be deerned to been since the Date of the Union the advanment The Christian fatth in accordance with the dottTinal standards and discipline of The Methodist Church. Any charitable purpose for the time beir6 of any Connexional, DistricL Circuit and local or other organisation of the Methodist Church Any charitable purpose for the time being of any societyor institubon subsidiary or ancillary toThe Methodist Church Any purpose for the time being of arry charity being a charity subsidiary or ancillary to The Methodist Church Oi piiigluii mrl11tl)i Cliuiih Annuol fteFMJrt afftl A(tounts 202J Page 2
hi ¥ement5 and Perfom)an Summary of Maln Athlevements Durfns the Year. Dear Friends, Here are some of the highlights of the achievements that the Orpington Methodist Church in the past church calendar year was blessed with: l. The Con8regation has certainly seen an increase in both membership and Sunday rnorning worshipers. through transfer- ins. Confirmatlon, and Iu5t walk-lns. AltlK)ugh thi5 has not necessarity incTeased OUrfinan much. but it has certainly blessed our fellowship. The number of members as at 31" August 2023 was 8812022". 891 2. The Old Finance Team, led mostly by Keith Hickey. was replaced Irecentlyl due to his stepping down. after many years of faithful servlce. We vA7uld like to thank him for hls sincere servlce in keeping the books well with Inte8rity. Anyway the new team of responsible people have been identified. and they have already started servin8 the church. We would liketo welcome Paula Ferguson WIK) is our external bookkeeper, who would do much of our accounts, henceforth. 3. The Church Office, under Jenny Cottle. our part-time offio administrator, has done an excellent job in managing all the hirers so far. To date, we have received Imainlyl good report of financial benefit to the church throu8h thls hlrlng of our Space efforts. The presence of the community in our space, makes us relevant and useful in our charitsble Courses. 4. The Mln15try and Mlssion of the church has been comlng back slovAy after Covld wlth refreshed energy. We are trying to relook at some of the things we trnditionally do to continue doin8 them in fresh ways. Our con8re8adon as are many congregatlons In the country are lar8ely an ageing population, and as such. they do take priority in many ways, as 11 not forgetting the need5 of the youn8er people. 5. The Property Committee has Vrked hard in maintslnin8 the property of the church. A big thank you to Carolyn Licence and her team for all thelr slncere efforts, and to Gudrun for the day-ttrday upkeep of the premlses. The chancel aa was refurbished, the ceiling in the church was changed. the car park was resurfaced and many others. There are other projects in the pipeline, which are cUrntlY Ii)oked at promptly. 6. The Church Stevtards and Communion Stewards have all done and are doing thelr dutles steadfastly. They need our support. We need new people to loin the exl$11ng teams Uently. as ¥olunteers. I believe. Identifying and mentorlng others would have a positive effect on this critical need. 7. The "May" walk went ahead. albeit on a revised date in June. Deswte numbers We down on previous years due to the date change. this continues to be the slngle biggest att of fundraising for the Church and two charitles, The Chr15 Aked Foundation and Ace Africa, each received £3,(MXJ, with £250 each going to Ellie Precious and Freya Keable towards their Guide trip to Europe. The above are only some of the hS8hlS8hts, hoever, there are so mary other predous works that are 8oln8 on, done by 8enuinely wonderful people. to whom we are very grateful. May God continue to bulld our church, In the Wa He wants. Glory be to Godl Revd. Robert Selvakumar Orpington Methodist Church Annual Report and Accounts 223 Pa8e 3
Publ1¢ Benefft: 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 Commiwon's general guidan on public benefit, 'Charwties and Public Benefiv. Financial Review Reserves Policy: Within Unrestrirted Resee5 there are three main funds: Society Fund and Property Fund £134.944 {2022: £106.KE). We aim to ideally hold in reserve sufficient money to cover six Month expenditure. The Church is dependent on voluntsry donations and hall lettirEs to cover the costs of its mintsterial team, property costs and general expenses. As these income and pPerrY costs can be volatlle. 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 deasions ha%p to be made. Based on these accounts. six months, tyPi(zl general fund expenditure is £78,OC4) so at £134.944 reserves stand approximatety 10 months. Given the continuing cost volatility at the present time. especially with utility costs, this higher fesev¥e 15 considered PllHlenL Legacies Fund £26,43912022: £41,139). These are monies reld through legacies whith the Church Council will allocate to the work ofthe Church as rideems appropriate. No legaoes were reIVed during the yeaL The Church Council authorised the use of £14.7 of legacy funds in order to re5urfrdce the car park. Designated Funds £366,65212022: £371.(Ml}. This is made up of three separate funds: £311.652 is invested in fixed assets: and £55.CKKI is designated for use on the Church's work in the community. One designated fund was fulty uiilised in the year- the Peace Garden fiJnd- of the remaining of £ICM) held as at 31" August 2022- £84 was spent coMpletid the works and the remainirg £16 was tsansferred to general fund Wlthin restricted funds there is I fund= Internal Organisations £13.81612022= £21.5781. These a balances held by separate OTganisations within the Church who report to the Church Council and are restricted to the use of that organisation. Within Endowed Reserves there are two funds. Property£l,118.25012022: £1.125,9201 which represents funds used in the purthasing of land and buildingsforthe Church's general purposes. Building Development Fund £673,69812022: £682.9691. This projert, 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 opwrtunity to tell the story of our faith in exciting new ways. A new bold entrance allows immediate access and visibility into a TheWed church. There are much greater opportunities for V¥Ship1 events and exhibition5 and other activities to serve and involve the community. Thè Church's Free Reserves are its General Fund £161,38312022: £147.9471. Financial O¥*r¥iew. The Churth'5 income d5 £186,626 {2022: £141.424}. The main reason for the increase is the improvement in rentsl income compared to the previous year which was afferted bv re5trithons under the covid regulations. Golng Concern The Church made a surplus of £28.135 on its Property and Society Funds. which are the main General Funds of the Church. These two funds have reseTrps of £134,944 which is equivalent to approximately 86% of annual expenditure from thosè funds. Alongslde this the Church has £26A39 in the Le8acies Fund and. if ne$sary. the £55.1Xh) that the Trustees have designated for its vffjrk in the CommunÉty can be called utK)n. The 2023124 Budget Teflects the increased costs of livin especially on utility costs, but early indicatlons are that the conseThative income fi8ures, especialty for hall hi, will be surpassed so there are currently no conM$ about not rneeti ReseThos Policy in 2023124 and beyond. Orpington Methodist Church Annual Report and Accounts 2023 Page 4
Plans for Fvre Perlods The Trustees intend to maintain the present activibes ofthe Church wtth a focus on worship and comrnunity service. We will continue to seek further development and capaiity buildir% in our Community Hub and the LINK Café. This will involve the ongoing recruitment and training of new volunteers and providing opportunities for volunteering amon8 those with mental health issues. rehabilitstion and for those seeking life skill de%eloprnertt Declaratlon: The trustees declare that they have approved the tru5tee< rewrt abo. Si8nature- Signa Revd Robert Selvakumar Chair Mr Chri opher Price Church SecTetsry th 15 February 2024 Orpington Methodist Church Annual Reix)rt and Accounts 2023 Page 5
Responslbllltlesof the Trustees The charitvs trustees are responslble for preparing the TnteeS Annual Report and the finanaal statements in accordan with applicable law and United Kingdom Accountire Stsndards (United KIOM Generally Accepted Accounting Practrcel. The law applicable to charities in En8land and Wales requires the trustees to prepa financial statements for each financial year whlch give a true and fair vlew of the stste of affairs of the charity ond of the incoming resources and application of resources of the charity for that period. In preparirvd these financial statements. the trustees are required to: Selett sultsble accounting policies and then apply them consistentty: Observe the method5 and prinoples in the Charities SORP; Make judgements and e5tFmates that are rea50nable and prudent: State whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements- Ppa the financial #atements on the 80ing Conrn basis unless is it inappropriate to presume that the charity will continue in operation. The trustees are responslble for keeping proper accounling ordS 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 CharltSes Art 2011 and the Charity (Accounts and Reports) Regulations 2(N)8. The tnjstees are also responsible for saftguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularitie& Orpington Methodist Churth Annual Report and Accounts 2023 Page 6
Independent Examiners Reportto the Trustees of (Pington Methodist (Ir(h Year Ended 31 August 2023 I report on the accounts of the tharity forthe year ended 31 August 2023 which are set out on pages 8 to 16. Respertl¥e Respon51bilities ol Trnsiees and Examiner The charity's trustees are responslble for the preparation of the accounts. The (harity's trustees consider that an audFt is not quired for this year under settion 144121 of the Charities Att 2011 (the 2011 Artl and tt an independent examination is needed. It15 my responsibility to- examine the accounts under section 145 of the 2011 Act". to ft)Ilow the procedures laid down in the general Dirertions given by the Charity CommilOn under section 14515llbl of the 2011 Act: and to state whether particular matter5 come to my attentio Basis of Independent Examinerf5 Report My examination was carried out in accordan with the general Directions given by the Charity Commi$5ion. An examination includes a VIeW of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disdosures in the accounts and seeking explanations from you as trustees concemirE any such matter& 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 Psent a 'true and fair view. and the report is limited to those matters set otit in the statement below. Independerrt Emamlnerfs Statement In connection with my examination. no matter has come to my attention." 11} which gives me reanable (Juse to believe that in any material respect the requirements to keep accounting records in accordan with section 130 of the 2011 Act; and to prepare accounts which accord with the accounts records and comply with the accounting requirements of the 2011 Aci have not been met: or 121 to which. in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be aChed. ILL Kelth Robinson FCA Chartered Accountant Willowcroft. Brasted Chart. Westerham. KenL TN16 ILX 15, February 2024 Orpington Methodist Church Annual Report and Aco)unts 2023 Page 7
Orplngton Methodlst Church Statement of Finandal Actl¥lttts (SOFA) forthe >arended 31 Au8wt 2023 erdl Fw Total 20ZZ-23 Iresled) Fund5 Funds Income Off1 39.523 16.501 11.986 39,523 16.501 11,986 5,664 19.353 Oonations Gift aid Interest and investment income Internal organisations Other charitable income 19.353 93.599 I.273 93,599 186,626 Total In(ort 19,353 Expendlture Circuit assessment or shaè 44.iLL) 2.750 30.872 32,537 21.230 13,081 33,186 24,526 202.282 Grants and donations 2.7 30A72 32.537 Propèrty maintenance Insurance.utilities etr Depreciation Office expense5 Other expenditu Intemal organlsatior Total expendlture 16.941 .(Bi 33.102 io 24,526 24.526 156.442 4373 16,941 Net Income/(e¥pendlturel .831 4.373 -5.173 -16,941 -15.656 Transfers between funds -16 -2589 Net movement in funds 13.436 -16.941 -15.656 Total funds broughtforward Total funds tsrried fofward 147.917 371.¢YI 21.578 2.349A55 fS2 13m6 l791.918 1333.pjg Orpington Methodist Church Annual Report and Accounts 2023 Page 8
Orplngton Method15t Church Statement of Flnandal Act1¥ {SOFA) forthe svrended 31 Au8U5t 2022 General FuThl 1unrtstrkj Desltnated FuThls Iunrntrltted) Funds Tthal 2021-22 Funds Infome Offerlng5 Donatlons Glft ald Interest and investment Income Intemal orEan15ations Other ¢haritable income Totsl Incom• 342C8 8.549 7.679 741 38.209 13.300 8,790 741 125 4.620 1,105 17.112 17,112 63,272 141,424 63.272 118.450 17.243 5.725 Expendltur• Circuit assessment tr share Grants and donations Property maintsnance Insuran¢e,uUlitées etc Depreciation Office expenses Other expenditure Intemal or8anlsatlons Totll •xp•ndltrJr• 44,1 39,750 26.252 44.1 39,750 26.252 20,609 23,458 11,959 8,499 19.169 11.959 4.369 L281 io 147.039 7.138 6.881 19,169 180.227 N•t In¢0mledturej .28,589 -7,132 10,362 -13,444 -38,803 Transfers between funds 47.643 54.535 -6m2 Net mo¥•ment kn lunds -76.232 47,4103 3,470 -13.444 -38,803 Total funds broht forward Total funds carried tofviard 224.179 323,638 18,108 1.822,333 1388.258 147,947 371A141 2&578 I,W8,889 349,455 Orpington Methodist Church Annual Report and Accounts 2023 Page 9
Orpington Methodist Church Balance Sheet as at 31 August 2023
| Note | General Fund | Designated | Restricted | Endowment | Totals | Totals | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | Funds | Funds | 2023 | 2022 | ||
| Unrestricted | |||||||
| £ | £ | £ | £ | £ | £ | ||
| Fixed Assets | |||||||
| Church building and other property | ·4 | 311,653 | 1,791,948 | 2,103,601 | 2,124,830 | ||
| Total Fixed Assets | 311,653 | 1,791,948 | 2,103,601 | 2,124,830 | |||
| Current Assets | |||||||
| Debtors and prepayments | 5 | 9,809 | 9,809 | 14,030 | |||
| Investments with TMCP | 43,439 | 33,985 | 77,424 | 75,224 | |||
| Central Finance Board Deposits | 91,344 | 21,014 | 5,687 | 118,045 | 96,047 | ||
| Cash at bank and in hand | 27,573 | 8,129 | 35,702 | 45,254 | |||
| Total Current Assets | 172,165 | 54,999 | 13,816 | 240,980 | 227,825 | ||
| Current Liabilities | |||||||
| Creditors (due in under 1 year) | 6 | 10,782 | 10,782 | 3,200 | |||
| Total Current Liabilities | 10,782 | 10,782 | 3,200 | ||||
| Net Current Assets | 161,383 | 54,999 | 13,816 | 230,198 | 2,349,455 | ||
| Total assets | 161,383 | 366,652 | 13,816 | 1,791,948 | 2,333,799 | 2,349,455 | |
| Funds of the Church | |||||||
| General Fund (Unrestricted) | 161,383 | 161,382 | 147,947 | ||||
| Designated Funds (Unrestricted) | 366,652 | 366,652 | 371,041 | ||||
| Total Unrestricted Funds | 528,034 | 518,988 | |||||
| Restricted Funds | 13,816 | 13,816 | 21,578 | ||||
| Endowment Funds | 1,791,948 | 1,791,948 | 1,808,899 | ||||
| Tota/Funds | 161,383 | 366,652 | 13,816 | 1,791,948 | 2,333,799 | 2,349,455 |
Approved by the Board of Trustees on 15 [th ] February 2024 and signed on their behalf by:
Revd Robert Selvakumar Chairman
Mr. Franklyn Brew Treasurer
Orpington Methodist Church Annual Report and Accounts 2023
Page 10
Notes to the finanoal statements Year Ended 31 AuEust 2023 Accounting Poliue5 lal Basis of preparation and assessment of going conrn The financial statements have been prepad under the historical cost convention. The financial statements have been prepared in accordan with the Statement of Recommended Practice {SORP): Actounttng and Reporting by Charities preparlng their accounts in accordan with the Financial Reporting Stsndanj applicable in the UK and Republic of Iland IFRS 1021 and the Charttles Act 2011. Land and Bulldlngs owned on I" September 2017 re valued at deemed cost as permitted by FRS102 when accounts are flrst prepared under the transitional arTrefflents. For land. a markt value was made by Ibbett Mosely and forfixed assets the dlscounted replacement cost IDRCI was calculated. On the basls that there is no eviden of a peanent endowment. it Is assumed that the money donated to bulld the premises was on the expectation of their long tem use and so the fair Value of the land, the buildings and the or8an on DRC basis is taken as their deemed historlcal cost under FR5102. and treated as belonglng to an expendable endowment for the Church's general purposes. The trustees conslder that there are no mateflal UnrIntleS about the tharitys ability to continue as a 80in8 cOnrn. Ibl Flxed assets All flxed assets 0r £5.000 are capltallsed. Depredatlon Land Buildin85 Organ Furniture and Fixtures Not deP181ed 75 75 years 5 years These expected useful lives, which represent a 5tsndardfinit7al assessment for each asset dass. have been revlewed against cUrnt assumptions of each asset's likely further useful life. No si8nificant than8e5 a considered ne$sary at thls tlme. Idl Income recognition Incomels brought into account when the is entitlement and the amount is liablY MeaSuable once it is more Ilkely than not that economic benefit of the income will be forthcomin8. lel Expenditure This is recognised when a liability s Incurred. or a constmctfve obligation arise5. where the amount is rellably measurable and it is considered moTe likely than not that the wlll be an outhow of econornic benefiL VAT The church is not VAT re8iStered so ary VAT incurred is tharged with the expense to which it refers. Igl Receivables and Payables. Bank and Cash {Basic Financtal Instruments) Debtors are stated at the amounts owed to the Church or prepaid. Creditors are inttially 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 a measured at the cash orother consideration expected to be paid. The liquid funds of bank balances and deposit fund are shown at their realisable value& MonetaryAssets are held either by the Trustees for Methodist Church Purposes ITMCPI as custodian trustees rf reCeId through a legacy of greaterthan £20.fxKI. or as Methodist Central Flnance Board Deposits or in local bank accounts. Orpington Methodist Church Annual Report and Accounts 2023 Poge 11
{h) Funds The funds held constitute General Funds held for any purwse of the Churth whith are unrestricted. Restrirted Funds are held for narrower purpose. Where the Church holds money that may not be spent and rnust be retained las capital) to generate an income, the rnoney or assets to be tsined are classified as an Endowment Fund. The capital will be shown in the balan sheet in the column for endowment funds. The income may be restricted or unrestricted depending upon the terms of the endowment. Detsils of eath material fuThl are disdosed in notes 11 and 12. Monies raised for Other Organlsations From time to time the Church has appeals fDr other Charities: for example at LenL Harvest and Christmas. As the Church is athng as an agent, the funds recetved 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 asan agent are not recognised as inu)me. nor is itsdistribution recogni5ed a5 expenditure. Details of these funds are shown in Note 14. Net Incornel(ExpendItul These are stated after tharging 2023 2022 Depreciation Independent Examtnerfs Remuneration Totsl 21230 23.458 2L230 23.458 Trustees and employee Infornwilon Trustee infonnatlon No remunerdtion was paid to orwabved bYanyTntrduri theyear12022: Enil). No expenses were relmbursedtoTrustees during the year12022: £nil). The Church has insurance with Methodist Insuran with a total cost of £6.86412022: £5,958). This premium includes ndemnity Insuran for the Trustees. b) Employee Infornmtion Employee numbers 2022 Number of staff Full time equivalent Total 0.71 0.71 Employee costs Salaries and employment Costs 21Y22 16,648 19,485 No employee received remuneration of more than £EQ.fXKI duri the year (2022: £nill The charity consider5 its key management personnel to be the Trustees aFxI the Minister. The Trustees give their time freely and the Minister's salary is paid by the Circuit, so there are no key management costs to report12022: £nill. Orpington Methodist Church Annual Report and Accounts 2023 Page 12
Tan8ible fixed a55ets nd BU1[n£S Orzan Furnlture & tureS Total C05t As at 31 Au8USt 2022 and 2023 589.LMXI I,157 ii. 2.192.375 Depreciatlon At I September 2022 Char8ed in the year Disposals At 31 Au8ust 2023 52,267 20.402 4.140 828 11.138 67.545 21.230 11,138 88.775 Net BoolL Value At 31 August 2023 At 31 August 2022 589.1M) IA57A88 S89,> 1,477.8 57.112 57.940 2.103,6(X) 2,124,330 Z023 2022 Gift Ald Hire of premises Prepaid expenses Totsl 1.753 5,329 2,727 2,978 7,867 3,184 Credltors (du¢ In under I ar1 2022 Udlities Advan rentsls and depOts 6,155 4,627 10.782 3,167 33 3,2 Orpington Methodist Church Annual Report and Accounts 2023 PaBe 13
Funds The designated fund for the pea garden vras spent during the finanrial >tar ended 31" August 2023. The designed fund for building development has been capitali5ed and will be depreaated over 75 years in accordance with the accounting policy. Balance as at Incornlng Outeoing Trdnsfers Balance at 31 August 2023 2022 Endowed Funds Property Building Development Totsl 1,125,920 682.969 7,670 9.271 941 1,118,250 673.698 1.791,948 Restrlcted Funds Internal OanISatiOnS Total 21.578 78 19.353 19.353 24.526 24,526 -2.589 -289 13,816 13J16 Deswted Funds Community Development Peace Garden Buildin8 Development Totsl 55.(M)J l(x) 315.941 371.041 55.C¥Xs -16 4,289 4373 311.652 366,652 -16 General Funds Property Society Legacies Totsl 58338 48.470 41.139 147.947 87.474 79.799 65.746 75,996 14,700 2,605 82.671 52,273 26,439 I613 167.273 Total Unrestrkted Funds S988 18&626 I6015 528,035 Totsl Funds 1333,799 Orpington Methodist Churth Annual Report and Accounts 2023 Page 14
Endowed Funds Property Represent fu used in purchasing larnl and buildings for the Church's general purposes Represents funds donated to the Church wlth the exp55 wish to fund the buildin8 development project Building Development Restrlcted Funds Internal Organi5ations RepSentsfunds held in the nOU$churCh organisationsto caryouttheir activities {Note 151. 0esl8nated Funds Community Development Represents funds designated from general fund5 towards developin8 the Church's work in the l(Kal community Represents fvnds designated from general fvnds to deNtlop a Peao Garden in the grounds ofthe Churth Represents funds designated from 8enernl fvnd5 towards the buildln8 development pro5ect Peace Garden BuildSng Development General Funds Property Represents undesignated monies retained to provide working capltsi to enable the Church to run and maintsin its bulldings and equipment. Represents undesignated monies retsined to provlde workin8 capltal to enable the Church to cary out its activitie& Represents undesignated monies recelved from le8ades. Society Legacles Fund Transfers Durlng the year ended 31. Au8USt 2023 the followlng furtherfund trnnsfers Vre made: £16 {2022'. £2651 from Desi8nated Peace Garden Fund to the General Fund thls brln85 the balance of the Designated pea Garden Fund to nil. £2,58912022: £6,492) from the Restricted Internal Or8anlsatlons Fund to the General Fund The Church is a charity within the meanin8 of Para I Schedule 6 Finance Art 2010. Accordlngly the Churth Is potentlally exempt from tathon In respect of Income and capltal gains to the extent that wch Income or gains are applied exduslvely to charitable purposes. No tax charse arose in thls period. A8•rt funds At times durln8 the year and specifically at LenL Harkn*St and Chrlstmas, Church raises monles for speclflc Charities, and passes the monles ralsed directly to them. As the Church Is actlng as those Charities, Agent, it does not indude the amounts donated in its income and expendlture. The amounts concerned are detsiled below: 2022 Action for Children All We Can Methodist Homes Christian Aid Bromley 8orough Foodbank Totsl 173 1.249 362 ioi 228 305 759 1,393 Orpington Methodist Church Annual Report and Accounts 2023 Page 15
io. Internal Orzanlsations Balanat Inmmln8 (Wing Transfers Balance at 311(W2022 31108IZ023 680 2,131 298 2.053 8,047 607 13016 Junlor Youth Club Senior Youth Club Wednesday Circle Amateur Dramatics Voluntary Youth Project Art Club Totsl 3.786 1.647 1.792 i(KJ 1,589 2.037 16.688 493 3.582 9.238 910 19353 1,977 17.879 396 24.526 Orpington Methodist Church Annual Report and Accounts 2023 Page 16