2023-08-31-accounts

		Page
Report ofthe Trustees		1to9
Independent Examiner's	Report	10
Statement of Financial	Activities	11to 12
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Financial Statements		15 to 24

~	The Tudor Club		~	a Punjabi speaking club and luncheon	group
~	Seasons Art —a popular	art class	~	the Sutton Coldfield Wind Orchestra
~	a number ofchoirs and	dance groups	~	a "Tiny Talk" baby signing group
~	"Mao"music and dancing for toddlers		~	a number ofcounselling and support	groups

Independent examiner
P E Smith ACA
J W Hinks LLP
Chartered Accountants	and	Statutory	Auditors
19Highfield Road
Edgbaston
Birmingham
West Midlands
B153BH
Bankers
HSBC pic				Central Finance Board ofthe Methodist	Church
67South Parade				9 Bonhill Street
Sutton Coldfield				London
B72 1PA				EC2A 4PE
Investment manager
The Trustees for Methodist		Church Purposes
Central Buildings
Oldham Street
Manchester
M1 1JQ

		Notes to		Designated
		t"e	General Fund	Funds	Restricted	Endowment	Total
		Accounts	(Unrestricted)	(Unrestricted)	Funds	Funds	2023
			f	f	f	f	f
Income
Offerings			61,447				61,447
Legacies			1,027				1,027
Donations and grants					715		715
Gift Aid			14,221		4		14,225
Interest and investment	income		2,618			612	3,230
Income from investment	properties		9,540				9,540
Internal organisations			5,680				5,680
Other charitable income			73,723				73,723
Total income			168,256		719	612	169,587
Expenditure
Circuit assessment or share			67,203				67,203
Grants and donations			1,243				1,243
Property maintenance			17,953		14,448		32,401
Insurance, utilities etc.			26,043				26,043
Office expenses			6,832				6,832
Other expenditure			34,545		20		34,676
internal organisations			4,993				4,993
Total charitable expenditure			158,812		14,468	111	173,391
(Losses)/gains on monetary
investments		10				(gog)	(9o9)
Gains/(losses) on investment
properties
Net (expenditure) /income			9,444		(13,749)	(408)	(4,713)
Transfers between funds			(1,275)		1,275
Other gains/(losses)
Net movementin funds			8,169		(12,474)	(408)	(4,713)
Total funds brought forward		18	69,298	6,000	46,142	38,993	160.433
Total funds carried forward		18	77,467	6,000	33,668	38,585	155,720

		Notes to		Designated
			General Fund	Funds	Restricted	Endowment	Total
		Accounts	(Unrestricted)	(Unrestricted)	Funds	Funds	2022
			E	E		E	E
Income
Offerings			64,810				64,810
Legacies			97				97
Donations and grants			8,538		1,562		10,100
Gift Aid			16,526		251		16,777
Interest and investment	income		715			163	878
Income from investment	properties		9,540				9,540
Internal organisations			4,935				4,935
Other charitable income			54,813				54,813
Total income			159,974		1,813	163	161,950
Expenditure
Circuit assessment or share			64,309				64,309
Grants and donations			3,045				3,045
Property maintenance			10,337		(1,867)		8,470
Insurance, utilities etc.			34,976				34,976
Office expenses			7,081				7,081
Other expenditure			50,108		25	115	50,248
Internal organisations			4,057				4,057
Total charitable expenditure			173,913		(1,842)	115	172,186
(Losses)/gains on monetary
investments		10				(1,540)	(1540)
Gains/(losses) on investment
properties
Net (expenditure) /income			(13,939)		3,655	(1,492)	(11,776)
Transfers between funds
Other gains/(losses)
Net movement in funds			(13,939)		3,655	(1,492)	(11,776)
Total funds brought forward		18	83,237	6,000	42,487	40,485	172,209
Total funds carried forward		18	69,298	6,000	46,142	38,993	160,433

		Notes to		Designated
			General Fund	Funds	Restricted	Endowment	Total	Total
		accounts	(unrestricted)	(Unrestricted)	Funds	Funds	2023	2022
			E	f	E	E	E	E
Fixed Assets
Church building and other property
Investment properties
Investments						38,585	38,585	38,993
Total Fixed Assets						38,585	38,585	38,993
Current Assets
Debtors and prepayments		12	18,359				18,359	26,442
Loans by the Church
Investments with TMCP
Central Finance Board Deposits			51,780	6,000	15,000		72,780	37,814
Cash at Bank and in hand			14,220		18,668		32,888	58,982
Total Current Assets			84,359	6,000	33,668		124,027	123,238
Current Liabilities
Creditors (due in under 1year)		15	6,892				6,892	1,798
Grants payable within 2023-24
Total Current Liabilities			6,892				6,892	1,798
Net Current Assets/(liabilities)			77,467	6,000	33,668		117,135	121,440
Long Term Liabilities
(due after more than one year)
Grants payable after 2023-24
Loans to the Church
Net	Assets		77,467	6,000	33,668	38,585	155,720	160,433
Funds ofthe Church
General Fund (Unrestricted)		16.1	77,467				77,467	69,298
Designated Funds (Unrestricted)		16.2		6,000			6,000	6,000
Total Unrestricted	Funds		77,467	6,000			83,467	75,298
Restricted Funds		17			33,668		33,668	46,142
Endowment Funds		17				38,585	38,585	38,993
Total	Funds		77,467	6,000	33,668	38,585	155,720	160,433

							Total	Total
							2023	2022
Cash from operating activities
New cash (used)/generated in operating		activities					(3,898)	(34,750)
Cash flows from investing activities
Dividends, interest and rents from investments							12,770	10,418
Proceeds from the sale of property,	plant	and	equipment
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from the sale of investments
Purchase of investments
Other
Net cash provided by investing activities							12,770	10,418
Cash flows from financing activities
New borrowings
Repayment of borrowings
Net cash used in financing activities
Change in cash and cash equivalents	in the reporting			period			8,872	(24,332)
Cash and cash equivalents at the beginning of			the reporting		period		96,796	121,128
Cash and cash equivalents at the end of		the reporting		period			105,668	96,796
Reconciliation of net income to net cash flow from				o eratin		activities
Net (expenditure)/income for the	reporting		period
(as per statement offinancial activities)							(4,713)	(11,776)
Adjustments for:
Depreciation and amortisation charges
Profit on the sale offixed assets
Loss on the sale offixed assets
Losses/(gains) on investments							408	1,492
Dividends, interest and rents from	investments						(12,770)	(10,418)
Decrease/(increase) in stocks
Decrease / (increase) in debtors							8,083	(7,452)
Increase / (decrease) in creditors							5,094	(6,596)
Net cash used in operating activities							(3,898)	(34,750)
Anal sis ofcash and cash e uivalent
Cash in hand							32,888	37,814
Short term deposit (less than 3 months)							72,780	58,982
Total cash and cash equivalents							105,668	96,796

ises out to bo	th Church	groups and the wider community.	This generated income as follows:
			2023	2022
			E	E
Room lettings			69,090	51,410
Weddings, Baptisms &		Funerals	3,473	2,640
Job Retention	Scheme			273
Miscellaneous	income		1,160	490
Total Other Charitable		Income	73,723	54,813

s salaries paid to tw	o (2	019-20	:t	wo) employees were as follows	:
					2023	2022
					f	E
Gross pay					29,674	27,053
Employer's National	Insurance		contributions		2,335	2,121
Less: Employment Allowance					(2,335)	(2,121)
Employer's pension	contributions			to defined
contribution schemes					1,490	1,380
Apprenticeship levy					129	118
Total staff costs					31,293	28,551
Total weekly contractual		hours	for 2 staff		42	42

perty mainten	an	ce
					2023	2022
Maintenance	of	Church	and Halls		16,007	7,750
Maintenance	of	Church	Cottage		1,788	2,587
Property Maintenance			(General Fund)		17,795	10,337
Hall Development		Project (Restricted		Fund)	14,448	(1,867)
Total Property	Maintenance				32,243	8,470

					2023	2022
					f	f
	Printing, postage and stationery				397	1,223
	Telephone and broadband				427	357
	Staffing and expenses				4,560	4,108
	Bank charges				608	553
	Examiner's fees				840	840
	Total charge to General	Fund			6,832	7,081
9	Other expenditure
					2023	2022
						f
	Church activities				2,338	1,444
	Caretaker / Cleaning Costs				29,843	25,571
	Contribution to the Connexion		Pension	Reserve Fund		20,500
	Choir and music costs				2,364	2,593
	Total charged to General	Fund			34,545	50,108
	Other (charged to Restricted		Fund)		20	25
	Other (charged to Endowment		Funds)		111	115
	Total				34,676	50,248

Debtors were	mad	e up as follows:
			2023	2022
			E
Trade debtors			795
Prepayments	and	accrued income
Gift Aid tax and VAT receivable			5,163	12,556
Circuit assessment		paid in advance	6,048	5,449
Insurance paid	in	advance	5,983	5,601
Pre-paid gas				1,121
Room lettings			370	1,715
Total (net)			18,359	26,442

			2023f	2022f
Creditors:
Bank charges			13
Building repairs 5	maintenance		5,475	300
Utilities			564	658
Audit and examiner's		fee	840	840
Total			6,892	1,798
Accruals:
PAYE and pension	contributions
Taxation and Social		Security
Total			6,892	1,798

Maturity analysis o	fbasic financial	instruments	instruments
		Accrued at				Accrual made	Accrued at
		1Sept	2022	Paid in	year	In year	31Aug	2023
		f		f		f	f
Trade creditors
Bank charges						13		13
Building repairs and	maintenance		300			5,175		5,475
Utilities			658		(658)	564		564
Audit and examiner's	fee		840		(840)	840		840
Taxation and Social	Security
Total			1,798		(1,498)	6,592		6,892

		Balance at	income	Expenditure	Transfers	Gains/	Balance at
Fund		01-Sep-2022 f	f	f	f	Losses f	31-Aug-2023 f
General Fund		69,298	168,256	(158,812)	(1,275)		77,467
Property Maintenance		6,000					6,000
(Designated)
Total unrestricted	funds	75,298	168,256	(158,812)	(1,275)		83,467
Church Development	Project	38,781	19	(14,448)			24,352
Organ Fund			700		1,275		1,975
Capital Fund		7,300					7,300
Small Funds (&f500each)		61		(20)			41
Total restricted	funds	46,142	719	(14,468)	1,275		33,668
Capital Fund		17,249	550	(49)		15	17,765
CTAvery —Trust A		4,306	12	(12)		(183)	4,123
C TAvery —Trust B		1,722	5	(5)		(73)	1,649
Samuel A Wood Trust		15,716	45	(45)		(668)	15,048
Total endowment	funds	38,993	612	(111)		(909)	38,585
Total Funds		160,433	169,587	(173,3911		(909)	155,720

paratives for moveme	nt in fun	ds
		Balance at	Income	Expenditure	Transfers	Gains/	Balance at
Fund		01-Sep-2021 f	f	f	f	Losses f	31-Aug-2023 f
General Fund		83,237	159,974	(173,913)			69,298
Property Maintenance		6,000					6,000
(Designated)
Total unrestricted	funds	89,237	159,974	(173,913)			75,298
Church Development	Project	35,101	1,813	1,867			38,781
Organ Fund
Capital Fund		7,300					7,300
Small Funds (&f500each)		86		(2S)			61
Total restricted	funds	42,487	1,813	1,842			46,142
Capital Fund		17,283	97	(49)		(82)	17,249
CTAvery —Trust A		4,594	111	(111)		(288)	4,306
CTAvery —Trust B		1,838	45	(45)		(116)	1,722
Samuel A Wood Trust		16,770	407	(407)		(1,054)	15,716
Total endowment	funds	40,485	660	(612)		(1,540)	38,993
Total Funds		172,209	162,447	(172,683)		(1,540)	160,433

		Balance at	Income	Expenditure	Transfers	Gains/	Balance at
Fund		01-Sep-2021 f	f	f	f	Losses f	31-Aug-2023 f
General Fund		83,237	328,230	(332,725)	(1,275)		77,467
Property Maintenance		6,000					6,000
(Designated)
Total unrestricted	funds	89,237	328,230	(332,725)	(1,275)		83,467
Church Development		35,101	1,832	(12,581)			24,352
project
Organ Fund			700		1,275		1,975
Capital Fund		7,300					7,300
Small Funds (&f500 each)		86		(45)			41
Total restricted	funds	42,487	2,532	(12,626)	1,275		33,668
Capital Fund		17,283	647	(98)		(67)	17,765
C TAvery —Trust A		4,594	123	(123)		(471)	4,123
CTAvery —Trust B		1,838	50	(50)		(189)	1,649
Samuel A Wood Trust		16,770	452	(452)		(1,722)	15,048
Total endowment	funds	40,485	1,272	(723)	-	(2,449)	38,585
Total Funds		172,209	332,034	(346,0741		(2,449)	155,720