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2024-08-31-accounts

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 2024

Minister

Revd. John Hayes

Church Stewards

Pete Perrington Prof. Michael Danson Richard Cordy Marjorie Cordy Julie Wilsteed Liz Palfrey

Treasurer

Neil Quilter

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Charity Name: Keynsham Methodist Church Charity Number 1129493 Annual Report 2023-4

1. Administrative Information

This report relates to Keynsham Methodist Church (KMC) 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.

KMC 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 are:

Irene Arnold Jenny Barrow Mike Barrow John Carne Marjorie Cordy Richard Cordy Marjorie Cox Lorraine Cross Janet Danson Michael Danson Daphne Dawes 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, the Church Office Manager, and Pre-School Manager who provide support in the different areas of church life and outreach activities.

Bankers

National Westminster Bank 290 Wells Road, Knowle, Bristol BS4 9PG

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1. Administrative Information (cont)

Bankers (cont)

National Westminster Bank 290 Wells Road, Knowle, Bristol BS4 9PG

Central Finance Board of the Methodist Church 9 Bonhill Street, London EC2A 4PF

Trustees for Methodist Church Purposes Central Buildings, Oldham Road, 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:

At the General Church Meeting in July 2024 the Leadership Team presented the work that they had undertaken to develop the future life of the church.

The meeting confirmed their support of the churches key Christian values and the Key challenges for focusing work.

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2. Aims and Objectives (cont)

KMC aspires to reflect God’s love in all we do in line with the following seven key Christian values:

Love faith caring hospitality spirituality commitment fellowship/friendship/sense of compassion belonging

KMC key challenges

To develop our mission as part of the local and world-wide community, with a Mission "with" particular focus on working with CTKS To review the need and challenge of operating with two buildings, identifying "Two as One" possible options and resources To identify the priorities for now and the future in our Pastoral Care, in Pastoral conjunction with the existing Pastoral Visitors To identify the need and options for lay employment roles to support the work Employment of the church To identify and action short and long term improvements to Income and Finance Expenditure including fundraising To develop internal and external communications - especially through the Communications use of current practices and people

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, the Office Manager and the Pre-School manager 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-toface groups and activities offering spiritual development, fellowship and support for members of the church and local community, which included:

CAMEO Christian Aid Committee Women’s Fellowship groups Food Bank Daily Coffee Mornings Eco Group House groups and Bible Study groups Short Mat Bowls Prayer groups & prayer ministry Messy Church Craft & Banner group Shoppers Service Queens Road Pre School Café Plus Parent & Toddler groups Churches Together in Keynsham and Junior Church Saltford activities Men’s Curry fellowship Various uniformed groups (Brownie & Rainbow Guides, Girls Brigade)

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.

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3. Review of Progress and Achievements (cont)

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 implemented ChurchSuite and MyFund Accounting systems to support the administrative, pastoral and finance processes in place.

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 until May 2024. The count form May to August 2024 is now 1.

The accounts show a contribution to the Circuit of £90,000. This is a pledged contribution to cover the payroll costs and a share of other expenses which are incurred by the Circuit.

The Church benefitted significantly during the year from a bequest of £72,644in November 2023 and the return of an additional pension scheme contribution of £11,000 in August 2024.

Lettings income continued to show strong growth of £7,382 over the prior year as lettings income for both centre’s continues 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 a further increase in income.

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.

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KEYNSHAM METHODIST CHURCH KEYNSHAM METHODIST CHURCH KEYNSHAM METHODIST CHURCH
Statement of Financial Activities (SOFA) for the year ended 31 August 2024
General Fund
(Unrestricted)
Other Funds
(Restricted)
Endowment
Funds
Totals this
year
Totals last
year
£ £ £ £ £
Incoming Resources
1 Offerings and Tax recoverable 88859.66 88859.66 82891.82
2 Interest and Investment Income 356.33 3523.97 1472.55 5352.85 3411.93
3 Lettings 40008.68 40008.68 32626.30
4 Other Income 13587.38 83644.47 97231.85 24798.17
5 External Organisations 6318.07 6318.07 6404.83
6 Internal Organisations 180694.51 180694.51 244664.78
7 Total Incoming Resources 142812.05 274181.02 1472.55 418465.62 394797.83
Resources Expended
8 Circuit Assessment or Share 90000.00 90000.00 97500.00
9 Grants and Donations 4140.00 4140.00 4889.00
10 Repairs and Maintenance 23016.72 23016.72 16069.91
11 Insurance,Utilities etc 25155.65 25155.65 18346.64
12 Depreciation 0.00
13 Provisions 0.00
14 Other expenditure 48881.85 314.98 49196.83 49588.58
15 External Organisations 6220.44 6220.44 8381.43
16 Internal Organisations 161882.47 161882.47 139071.92
17 Total Resources Expended 191194.22 168417.89 359612.11 333847.48
18 Net Incoming Resources -48382.17 105763.13 1472.55 58853.51 60950.35
19 Transfers between funds 44087.74 -42615.19 -1472.55
20 Sub Total -4294.43 63147.94 0.00 58853.51 60950.35
21 Gains and losses on
investment assets
565.57
2048.99
2614.56 -2594.99
22 Net investment in funds -4294.43 63713.51 2048.99 61468.07 58355.36
23 Total funds brought forward 43346.83 153185.37 39863.22 236395.42 178040.06
24 Total funds carried forward
at end of year
39052.40 216898.88 41912.21 297863.49 236395.42
Collections for and payments to External Organisations
Balance brought forward 9416.18 11392.78
Collections for External Organisations 6318.07 6404.83
Allocation from General Fund 0.00
Payments to External Organisations 6220.44 8381.43
Balance carried forward 9513.81 9416.18

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KEYNSHAM METHODIST CHURCH
Balance Sheet as at 31 August 2024
General Fund Other Funds Endowment Totals this Totals last
(Unrestricted) (Restricted) Funds year year
£ £ £ £ £
Tangible Fixed Assets
Furniture and fixtures (see page 10) 0.00 0.00 0.00
Investment properties
Investments 9088.84 35511.77 44600.61 41986.05
Total fixed assets 0.00 9088.84 35511.77 44600.61 41986.05
Current Assets
Debtors and Prepayments 0.00 0.00
Central Finance Board & Trustees for Methodist
Church Purposes deposits etc 30111.00 127580.99 6400.44 164092.43 55928.11
Cash at Bank and in hand 8941.40 80229.05 89170.45 138481.26
Total current assets 39052.40 207810.04 6400.44 253262.88 194409.37
Creditors and Accruals
Net current assets/liabilities 39052.40 207810.04 6400.44 253262.88 194409.37
Total assets less current liabilities
39052.40 216898.88 41912.21 297863.49 236395.42
Loans and creditors due after 1 year
Provisions for liabilities and charges
Net assets 39052.40 216898.88 41912.21 297863.49 236395.42
Funds of the Church
General Fund (Unrestricted) 39052.40 39052.40 43346.83
Other Funds (Restricted) 216898.88 216898.88 153185.37
Endowment Funds 41912.21 41912.21 39863.22
Total Funds 39052.40 216898.88 41912.21 297863.49 236395.42
Summary of the Internal Organisations reporting to the Church Meeting. Note that the funds of an Internal Organisation would
normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose.
Opening Receipts Payments Adjustments Funds Held byFunds Held
Balances Internal Org. by Church
Victoria Womens Guild 499.40 270.60 281.72 488.28
Queens Road Ladies 343.41 1229.30 1161.22 411.49
Key Centre Table Tennis 50.99 904.00 904.00 50.99 806.06
KIDZ Club/Youth Club 133.42 133.42 0.00
CAMEO 1168.19 5630.97 6000.21 798.95
Queens Road Pre School 106714.00 169337.00 150380.00 125671.00
Short Mat Bowls 2419.67 2618.64 2305.90 2732.41
Key Ring 68.99 704.00 716.00 56.99
111398.07 180694.51 161882.47 130210.11 806.06
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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

The main item under this heading would be the monthly assessment paid in advance to the Circuit.

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: * select suitable accounting policies and apply them consistently

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 This year Last year
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 2024. One trustee received
payment for employment fulfilling administration duties.
£ NIL NIL
Number of trustees who were paid expenses NIL NIL
Nature of the expenses
Total amount paid £
NIL NIL
6 Fees for examination or audit of the accounts
Independent examiner's or auditors' fees for reporting on the accounts £ NIL NIL
Other fees (eg: advice, accountancy services) paid to the independent examiner
or auditor
£ NIL NIL
7 Paid employees
Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind £ 28,585 21,722
Employer’s National Insurance costs £ 457 392
Pension costs £ 1,245 1,139
Apprenticeship Levy 143 112
Total staff costs (4 staff) £ 30,430 23,365
Average number of employees in the year were: 2 2
Average number of full-time equivalent employees in the year were: 0.8 0.8
8 Commitments and Contingent Liabilities
At the 31st August 2024 capital commitments amounted to: £ NIL NIL
Contingent liabilities amounted to: £ NIL NIL
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KEYNSHAM METHODIST CHURCH KEYNSHAM METHODIST CHURCH KEYNSHAM METHODIST CHURCH 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 0.00 0.00
Revaluations
Disposals
Transfers *
Balance carried forward 52959.74 52959.74
Accumulated depreciation
**Basis SL or RB
SL or RB SL or RB SL or RB SL or RB
** Rate 25%SL
Balance brought forward 52959.74 52959.74
Depreciation charge for
year
0.00 0.00
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 movem ents between fixed asset categories.
** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the rate of
depreciation: for straight line, depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is
made each year.
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
44600.61 1572.94
Securities not listed on a recognised Stock Exchange
Cash held as part of the investment portfolio
Other investments
Total 44600.61 1572.94
Change in investment values
Carrying (market) value at beginning of year 41986.05
Add:additions to investments at cost
Less:disposals at carrying value
Add/(deduct):net gain/(loss) on revaluation 2614.56
Carrying (market) value at end of year 44600.61

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Loans KEYNSHAM METHODIST CHURCH
Source Purpose of loan Amount brought New borrowings Loan Repayable Balance at
forward interest in the year year end
Totals 0
Repayment due by Totals
Note: the two totals X and Y must agree 0
Endowment Funds
Endowment Name How the capital is invested The current value of the capital Annual What the income was used for
income
Anonymous Gift (17045) Trustees Interest Fund
1400.00 70.01 In accordance with the gift
Stickler Gifts (11129A) Mngd Fixed Int & Trustees Interest Fund
24829.55 1004.28 Unrestricted General Fund
Bequest (8168) Managed Mixed & Trustees Interest Fund
15682.66 398.26 Unrestricted General Fund
Totals
41912.21 1472.55
Restricted Funds
Restricted Fund Name Opening Incoming Resources Transfers Gain/Loss Closing Purpose of the fund
Balance Resources Expended Balance
Trust 11129 Various Bequests and Gifts 32,371.12 83,644.47 314.98 -39,091.22 565.57 77,174.96 In accordance with the terms of the gifts etc.
External Charities 9,416.18 6,318.07 6,220.44 9,513.81 Awaiting payment to charities
For the use of the various organisations of Keynsham
Other Church Organisations 111,398.07 180,694.51 161,882.47 130,210.11 Methodist Church
Interest and Investment Income from
Restricted Funds 3,523.97 -3,523.97 0.00
Totals
153,185.37 274,181.02 168,417.89 -42,615.19 565.57 216,898.88
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DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS 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
Signature of Treasurer N Quilter
Name Neil Quilter BSc Date 30th April 2025
Address 8 Manor Road,Keynsham,Bristol BS31 1RG
Presentation to the Keynsham Methodist Church Council for approval.
I confirm that the Accounts werepresented to the Church Council meetingon
Signature of the Chair of the meeting S Topping
Name of the Chair of the meeting Revd. Simon Topping
Date
DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS DECLARATIONS 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
Signature of Treasurer N Quilter
Name Neil Quilter BSc Date 30th April 2025
Address 8 Manor Road,Keynsham,Bristol BS31 1RG
Presentation to the Keynsham Methodist Church Council for approval.
I confirm that the Accounts werepresented to the Church Council meetingon
Signature of the Chair of the meeting S Topping
Name of the Chair of the meeting Revd. Simon Topping
Date

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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 2024

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:

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:

• 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 H G Nash Hilar75 Manor Roady Gordon Nash, FCA Keynsham Date 30th April 2025 Bristol, BS31 1RE

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