THE METHODIST CHURCH
NORTH EAST SOMERSET & BATH METHODIST CIRCUIT 7/13
KEYNSHAM METHODIST CHURCH Registered Charity – Registration Number 1129493 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 August 2023
Minister
Revd. John Hayes Church Stewards
Carol Arnold
Marjorie Cordy Richard Cordy Val Marsh Liz Palfrey Peter Perrington Julie Willsteed
Treasurer Neil Quilter
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Charity Name: Keynsham Methodist Church Charity Number 1129493 Annual Report 2022-3
1. Administrative Information
This report relates to the Keynsham Methodist Church which is a member church of the North East Somerset and Bath Methodist Circuit. The circuit is part of the Bristol District of the Methodist Church.
Keynsham Methodist Church has two centres for worship and mission, Victoria Centre, High Street, Keynsham and Queens Road, Keynsham.
All correspondence for the Church should be addressed to the current Minister: Revd. John Hayes
55 Charlton Road
Keynsham Bristol BS31 2JQ Tel: 07341 628932 Email: revjohn0713@gmail.com The church website is: www.keynshammethodistchurch.co.uk
| The managing trustees from 1 September 2023 are: | The managing trustees from 1 September 2023 are: | |
|---|---|---|
| Irene Arnold | Jenny Barrow Mike Barrow |
Mary Brunt |
| John Carne |
Marjorie Cordy Richard Cordy | Marjorie Cox |
| Lorraine Cross | Janet Danson Michael Danson |
Daphne Dawes |
| Andy Halliday | Irene Hayes Revd. John Hayes | Danielle Ireland |
| Mary Joy |
Peter Keevill Jean Lapham | Hazel Lawrence |
| Michael Lowe | Liz Palfrey Peter Perrington |
Neil Quilter |
| Elspeth Rolls | Sandra Spragg Julie Stiddard | Revd. Simon Topping |
| Margaret Waring | Julie Willsteed Revd. David Winstanley |
Trustees are appointed in accordance with the Constitutional Practice and Discipline of the Methodist Church (CPD) which can be found on the Methodist Church website.
The minister line manages the Lay Pastoral Worker, Sue Stevens and the Church Office Manager, Irene Arnold, who provide support in the different areas of church life and outreach activities.
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1. Administrative Information (cont)
Bankers
National Westminster Bank 290 Wells Road, Knowle, Bristol BS4 9BG
Central Finance Board of the Methodist Church
9 Bonhill Street London EC2A 4PF
Trustees for Methodist Church Purposes Central Buildings, Oldham Street, Manchester M1 1JQ
Independent Examiner
Mr H G Nash 75 Manor Road, Keynsham, Bristol BS31 1RE
2. Aims and Objectives
The Leadership Team and the Church Council meet regularly with the minister to review various aspects of the life of the church in the context of its ongoing mission to demonstrate the love of God by witnessing and serving the community. These include:
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Developing the worship life of the church by offering a range of worship styles and experiences, including Messy Church, Thursday Shoppers Service, Praise and Healing services as well as more traditional services.
-
Offering ways of deepening discipleship through fellowship groups, prayer meetings, house and bible study groups, Junior church, Compass and other courses.
-
Offering pastoral care and support; Sue Stevens, the Pastoral Lay Worker, works with the minister in reviewing the Pastoral list and pastoral needs. Pastoral care and support for individuals and groups is provided by the Minister, pastoral lay worker and the team of pastoral visitors.
-
Reaching out to and serving our local community through various activities including Pre-School, Toddler groups, Coffee Room, Café Plus, Churches Together in Keynsham & Saltford (CTKS) projects, CAMEO (Come And Meet Each Other), and other regular fellowship groups.
-
Encouraging a deeper prayer life by providing opportunities for prayer in worship and weekly prayer meetings, the prayer chain, prayer tables at each centre and prayerfocussed events
-
Working towards a fairer greener world by being a Fair-trade church and an Eco congregation, supporting local and national campaigns (e.g. campaigning against the use of single use plastic water bottles)
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3. Review of Progress and Achievements
The minister meets regularly with the Leadership team and Church Council to review and assess the church’s mission in the areas referred to above. The Minister also meets regularly with the Pastoral Lay Worker to review and coordinate the different areas of church life and outreach activities.
As the year progressed the Church was able to continue to develop the usual variety of face-to-face groups and activities offering spiritual development, fellowship and support for members of the church and local community, which included: CAMEO Various uniformed groups (Brownie & Women’s Fellowship groups Rainbow Guides, Girls Brigade) Daily Coffee Mornings Christian Aid Committee House groups and Bible Study groups Food Bank Prayer groups & prayer ministry Eco Group Craft & Banner group Short Mat Bowls Queens Road Pre School Shoppers Service Parent & Toddler groups Messy Church Junior Church Café Plus Men’s Curry fellowship
Weekly Sunday worship has increased in attendance as the church community meets together in one morning service. The online video services are available via the church website, Facebook page and YouTube channel continued every week for church members and worshippers who were still unable to attend in person.
The church has continued its links with a church in Guatemala, a school in India, and a missionary in Pakistan.
Pastoral support of church members and others in our local community continued and telephone and Zoom contact were continued to support the face-to-face contact. Training for some Pastoral Visitors has supported the expansion of sharing Holy Communion in the homes for those who cannot attend in person.
The Church Council has continued to review the risks to which Managing Trustees are exposed and have regularly reviewed procedures to manage them. Volunteers are checked (including where appropriate under the DBS legislation) and a policy statement prepared under the Health and Safety at Work 1974 legislation incorporating risk assessments.
The Church Safeguarding Policy is reviewed annually by the Church Council and the Church Safeguarding officer ensures that appropriate Safeguarding training and DBS checks are completed by all relevant church officers and volunteers in accordance with the KMC and Methodist Church Safeguarding Policy.
4. Resources Committee
The Resources committee meets regularly to encourage good stewardship of the church’s financial and property resources to further the church’s mission activities and ensure that the premises are a safe and secure space.
Work was underway during the year to respond to Quinquennial actions, in addition to the regular actions necessary for effective maintenance.
The Church agreed to explore and implement systems to support the administrative, pastoral and finance processes in place.
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5. Financial Information
The accounts include the employment costs and statistics of those directly employed by the Church. The Church has a Minister and one part time lay worker who are employed by the North East Somerset & Bath Methodist Circuit. The Circuit accounts include a count of 2 staff with a full time equivalent of 1.5 for the year to 31[st] August 2023.
The accounts show a contribution to the Circuit of £97,500. This is a pledged contribution to cover the payroll costs and a share of other expenses which are incurred by the Circuit. It included a payment of £7500 for the previous year.
Lettings income continued to show significant growth of approx. £8500 over the prior year as lettings income for both centres continued its recovery, but there was still a reduced level of income compared to normal. Increased usage is expected to continue next year which will see an increase in income.
It was necessary to utilize funds held in a Trustee for Methodist Church purpose account to maintain the monthly pledge payment and replenish the bank account for some specific maintenance and improvements costs. The drawdown of £48805 is the major element of the transfer between funds to general funds. The other elements being interest and the release of some small restricted funds no longer required.
The Internal Organisation summary on page 7 now includes the figures for the Church Pre-School. The adjustment amount was the opening cash at bank balance which is included in the receipts total reported on page 6. Figures had not been reported in recent years.
The church has received notification of a substantial bequest from a former member of over £70,000. Receipt of funds is anticipated early in the following year.
The church remains in a healthy position financially with adequate reserves to cover identified maintenance work on the premises. The on-going challenge with an ageing congregation is to be able to cover annual expenditure with annual income and replenish reserves after it has been necessary to draw on reserves for urgent or major work. This is regularly considered and monitored by the trustees.
Revd. John Hayes Date 8[th] February 2024
Minister
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KEYNSHAM METHODIST CHURCH
Statement of Financial Activities (SOFA) for the year ended 31 August 2023
| Incoming Resources 1 Offerings and Tax recoverable 2 Interest and Investment Income 3 Lettings 4 Other Income 5 External Organisations 6 Internal Organisations 7 Total Incoming Resources Resources Expended |
Incoming Resources 1 Offerings and Tax recoverable 2 Interest and Investment Income 3 Lettings 4 Other Income 5 External Organisations 6 Internal Organisations 7 Total Incoming Resources Resources Expended |
General Fund (Unrestricted) £ |
Other Funds (Restricted) £ |
Endowment Funds £ |
Totals this year £ |
Totals this year £ |
Totals this year £ |
Totals this year £ |
|---|---|---|---|---|---|---|---|---|
| 8 Circuit Assessment or Share | 97500.00 | 97500.00 | 75000.00 | |||||
| 9 Grants and Donations | 4889.00 | 4889.00 | 4698.00 | |||||
| 10 Repairs and Maintenance | 16069.91 | 16069.91 | 9370.34 | |||||
| 11 Insurance, Utilities etc | 18346.64 | 18346.64 | 16272.06 | |||||
| 12 Depreciation | ||||||||
| 13 Provisions | ||||||||
| 14 Other expenditure | 49463.58 | 125.00 | 49588.58 | 59899.17 | ||||
| 15 External Organisations | 8381.43 | 8381.43 | 9383.11 | |||||
| 16 Internal Organisations | 139071.92 | 139071.92 | 6415.91 | |||||
| 17 Total Resources Expended | 186269.13 | 147578.35 | 333847.48 | 181038.59 | ||||
| 18 Net Incoming Resources | -45703.16 | 105713.04 | 940.47 | 60950.35 | -31508.47 | |||
| 19 Transfers between funds | 53210.74 | -52270.27 | -940.47 | 0.00 | ||||
| 20 Sub Total | 7507.58 | 53442.77 | 0.00 | 60950.35 | -31508.47 | |||
| 21 Gains and losses on investment assets |
-475.13 | -2119.86 |
-2594.99 | -6059.26 | ||||
| 22 Net investment in funds | 7507.58 | 52967.64 | -2119.86 | 58355.36 | -37567.73 | |||
| 23 Total funds brought forward | 35839.25 | 100217.73 | 41983.08 | 178040.06 | 215607.79 | |||
| 24 Total funds carried forward at end of year |
43346.83 | 153185.37 | 39863.22 | 236395.42 |
| Collections for and payments to External Organ Balance brought forward Collections for External Organisations Allocation from General Fund Payments to External Organisations Balance carried forward |
isations | isations | |
|---|---|---|---|
| 11392.78 | 8117.42 | ||
| 6404.83 | 12658.47 | ||
| 0.00 | 0.00 | ||
| 8381.43 | 9383.11 | ||
| 9416.18 | 11392.78 |
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KEYNSHAM METHODIST CHURCH
Balance Sheet as at 31 August 2023
| Tangible Fixed Assets* | General Fund (Unrestrict £ |
£ Other Funds (Restricted) |
£ Endowment Funds |
£ Totals this year |
Totals last year £ |
|---|---|---|---|---|---|
| Furniture and fixtures | 0.00 | 0.00 | 0.00 | ||
| Investment properties | |||||
| Investments | 8523.27 | 33462.78 | 41986.05 | 44581.04 | |
| Total fixed assets | 0.00 | 8523.27 | 33462.78 | 41986.05 | 44581.04 |
| Current Assets | |||||
| Debtors and Prepayments | 0.00 | 0.00 | |||
| Central Finance Board & Trustees for Methodist Church Purposes deposits etc |
30111.00 | 19416.67 | 6400.44 | 55928.11 | 105457.30 |
| Cash at Bank and in hand | 13235.83 | 125245.43 | 138481.26 | 28001.72 | |
| Total current assets | 43346.83 | 144662.10 | 6400.44 | 194409.37 | 133459.02 |
| Creditors and Accruals (due in under 1 year) | |||||
| Net current assets/liabilities | 43346.83 | 144662.10 | 6400.44 | 194409.37 | 133459.02 |
| Total assets less current liabilities | 43346.83 | 153185.37 | 39863.22 | 236395.42 | 178040.06 |
| Loans and creditors due after 1 year | |||||
| Provisions for liabilities and charges | |||||
| Net assets | 43346.83 | 153185.37 | 39863.22 | 236395.42 | 178040.06 |
| Funds of the Church | |||||
| General Fund (Unrestricted) | 43346.83 | 153185.37 | 43346.83 | 35839.25 | |
| Other Funds (Restricted) | 153185.37 | 153185.37 | 100217.73 | ||
| Endowment Funds | 39863.22 | 39863.22 | 41983.08 | ||
| Total Funds | 43346.83 | 153185.37 | 39863.22 | 236395.42 | 178040.06 |
*Details - see page 10
| Opening Receipts Balances |
Opening Receipts Balances |
Payments | Adjustments | Funds Held by Internal Org. |
Funds Held byChurch |
|
|---|---|---|---|---|---|---|
| Victoria Womens Guild | 76.90 | 908.50 | 486.00 | 499.40 | ||
| Queens Road Ladies | 841.16 | 1849.20 | 2346.95 | 343.41 | ||
| KeyCentre Table Tennis | 50.99 | 677.00 | 677.00 | 50.99 | 806.06 | |
| KIDZ Club/Youth Club | 133.42 | 133.42 | ||||
| CAMEO | 848.37 | 6913.86 | 6594.04 | 1168.19 | ||
| Queens Road Pre School | 137637.00 | 125029.00 | 94106.00 | 106714.00 | ||
| Short Mat Bowls | 3810.38 | 2138.22 | 3528.93 | 2419.67 | ||
| KeyRing | 43.99 | 435.00 | 410.00 | 68.99 | ||
| 5805.21 | 150558.78 | 139071.92 | 94106.00 | 111398.07 | 806.06 |
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KEYNSHAM METHODIST CHURCH
Notes to the Accounts
1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with Statement of Recommended Practice (SORP 2005) and the Charities Act 2011. There has been no change to the accounting policies since last year. The format of the SOFA and balance sheet takes advantage of the small charity concessions set out in the SORP.
2 Funds
The funds held constitute: General Funds held for any purpose of the charity which are Unrestricted, Restricted funds which are held for a narrower purpose and Endowment funds which represent gifts, the capital normally being unavailable for spending, and the income from which is either Restricted or Unrestricted. Details of each material fund are disclosed in the final note to these accounts on page 7.
3 Accounting policies
Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when the church becomes entitled to the resources; the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. Income from a legacy is included when the distribution from the estate has been received.
Resources Expended
Expenditure is recognised when a liability is incurred, or a constructive obligation arises that results in the payment being unavoidable.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the church to pay out resources.
Tangible fixed assets for use by church
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £1000. They are valued at cost or a reasonable value on receipt. Where cost is not available, the Church Council may provide a reasonable estimate of cost.
Investments
Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.
Debtors and Prepayments
There were no signifcant advance payments to prepay in either this or the previous year.
Creditors
There were no signifcant costs to accrue.
4 Trustees' responsibilities in relation to the accounts
The law applicable to charities in England and Wales requires the trustee(s) to prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and its financial position at the end of the year. In preparing accounts giving a true and fair view, the trustees should follow best practice and:
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select suitable accounting policies and apply them consistently
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records whIch disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguarding the asets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
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KEYNSHAM METHODIST CHURCH
Notes to the Accounts (cont.)
5 Trustees
None of the Trustees, or persons connected with them, receive any remuneration or other benefits from the Church or any connected organisation as a result of their office during the year ended 31st August 2022. One trustee received payment for employment fulfilling administration duties. Ten trustees incurred expenses associated with catering, property maintenance and other incidental expenses. These payments did not arise fromacting as trustees.
Number of trustees who were paid expenses
This year Last year
| **This year ** | Last year | |
|---|---|---|
| £ | NIL | NIL |
| NIL | NIL |
Nature of the expenses
Total amount paid
6 Fees for examination or audit of the accounts
Independent examiner's or auditors' fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor
| £ £ £ |
NIL | NIL |
|---|---|---|
| NIL | NIL | |
| NIL | NIL |
7 Paid employees
Staff Costs paid during the year were:
| Gross wages, salaries and benefits in kind £ Employer’s National Insurance costs £ Pension costs £ Apprenticeship Levy Total staff costs (2 staff) £ Average number of employees in the year were: Average number of full-time equivalent employees in the year were: |
21,722 | 18,912 |
|---|---|---|
| 392 | 300 | |
| 1,139 | 1,135 | |
| 112 | 94 | |
| 23,365 | 20,441 | |
| 2 | 2 | |
| 0.8 | 0.8 |
8 Commitments and Contingent Liabilities
| At the 31st August 2022 capital commitments amounted to: £ Contingent liabilities amounted to: £ |
NIL | NIL |
|---|---|---|
| NIL | NIL |
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KEYNSHAM METHODIST CHURCH
Tangible Fixed Assets Cost or valuation
| Church buildings and other property |
Other land & buildings |
Other fixed assets, including motor vehicles |
Fixtures, fittings and equipment |
Payments on account and assets under construction |
Total | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Balance brought forward | 52959.74 | 52959.74 | ||||
| Additions | ||||||
| Revaluations | ||||||
| Disposals | ||||||
| Transfers * | ||||||
| Balance carried forward | 52959.74 | 52959.74 | ||||
| SL or RB Basis Rate Accumulated depreciation |
||||||
| SL or RB | SL or RB | SL or RB | SL | SL or RB | ||
| 25% | ||||||
| Balance brought forward | 52959.74 | 52959.74 | ||||
| Depreciation charge for year |
||||||
| Revaluations | ||||||
| Disposals | ||||||
| Transfers* | ||||||
| Balance carried forward | 52959.74 | 52959.74 | ||||
| Net book value | ||||||
| Brought forward | 0.00 | 0.00 | ||||
| Carried forward | 0.00 | 0.00 |
- The "transfers" row is for movements between fixed asset categories.
| Investment assets | Market value at year end £ |
Income from investments for year £ |
|---|---|---|
| Investment properties | NIL | NIL |
| Analysis of investments | ||
| Investments listed on a recognised Stock Exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes |
41986.05 | 1039.30 |
| Securities not listed on a recognised Stock Exchange | ||
| Cash held as part of the investment portfolio | ||
| Other investments | ||
| Total | 41986.05 | 1039.30 |
| Change in investment values | ||
| Carrying (market) value at beginning of year | 44581.04 | |
| Add:additions to investments at cost | ||
| Less:disposals at carrying value | ||
| Add/(deduct):net gain/(loss) on revaluation | -2594.99 | |
| Carrying (market) value at end of year | 41986.05 |
Page 10 of 12
Loans
KEYNSHAM METHODIST CHURCH
| Source | Purpose of loan | Purpose of loan | Purpose of loan | Amount brought forward |
New borrowings |
Loan interest |
Repayable in the year |
Balance at year end |
||
|---|---|---|---|---|---|---|---|---|---|---|
| Totals | 0 | |||||||||
| Repayment due by | Totals | |||||||||
| ~~Endowment Funds~~ | 0 | |||||||||
| Endowment Name |
How the capital is invested | The current value of the capital | Annual income |
What the income w | as used for | |||||
| Anonymous Gift (17045) | Trustees Interest Fund | 1400.00 | 41.93 | In accordance with the gift | ||||||
| Stickler Gifts (11129A) | Mngd Fixed Int & Trustees Interest Fund | 23906.72 | 493.43 | Unrestricted General Fund | ||||||
| Bequest (8168) | Managed Mixed & Trustees Interest Fund | 14556.50 | 405.11 | Unrestricted General Fund | ||||||
| Totals | 39863.22 | 940.47 | ||||||||
| Restricted Funds | ||||||||||
| Restricted Fund Name | Opening Balance |
Incoming Resources |
Resources Expended |
Transfers | Gain/Lo ss |
Closing Balance |
Purpose of the fund | |||
| Trust 11129 Various Bequests and Gifts |
83,019.74 | 325.00 |
125.00 |
-50,373.49 | -475.13 |
32,371.12 |
In accordance with the terms of the gifts etc. |
|||
| External Charities | 11,392.78 | 6,404.83 |
8,381.43 |
9,416.18 | Awaiting payment to charities |
|||||
| Other Church Organisations | 5,805.21 | 244,664.78 |
139,071.92 |
111,398.07 | For use by the various organisations of Keynsham Methodist Church |
|||||
| Interest and Investment Income from Restricted Funds |
1,896.78 | -1,896.78 | 0.00 | |||||||
| Totals | 100,217.73 | 253,291.39 |
147,578.35 |
-52,270.27 | -475.13 |
153,185.37 |
Page 11 of 12
DECLARATIONS
Treasurer
I confirm that I have prepared the accounts from the records of the Church and that they include all funds under the control of the Church Council
| of the Church Council | ||||
|---|---|---|---|---|
| Signature of Treasurer Name Address |
Date | 17th January 2024 | ||
| 8 Manor Road,Keynsham,Bristol BS31 1RG |
Presentation to the Keynsham Methodist Church Council for approval.
I confirm that the Report and Accounts were presented to the Church Council meeting on 12 March 2024
Signature of the Chair of the meeting Name of the Chair of the meeting Revd. John Hayes Date 12th March 2024
Independent Examiner’s Report to the Trustees of the
KEYNSHAM METHODIST CHURCH
This Report is on the Church Accounts for the year ended 31st August 2023
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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under Section 145 of the Charities Act
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under Section
-
145(5)(b) of the Charities Act), and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with 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 the 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
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met;
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signature Hilary Gordon Nash, FCA 75 Manor Road Keynsham Date 8th February 2024 Bristol, BS31 1RE
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