REGisfERED CHARITY NUMBER: 1130630
REPORT OF THE TRusfEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
FOUR OAKS MEfHODIST CHURCH
J W Hinks LLP
CharteredAccountants
19 Highfield Road
Ed8ba5ton
Birmlngham
West Midlands
B15 3BH

FOUR OAKS MEfHODIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Report of the Trustees
Ito9
Independent Examlnerfs Report
io
Statement of Flnancial Activlties
Ilto12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financlal Statements
15to24

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their report with the financial statements of the Charity for the year ended 31 August
2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective l January 2019 - {the
Charities SORP IFRS 10211.
OBJECTIVES AND ACTivrriES
Objectlves and aims
Pur
oses and aims
Four Oaks Methodist Church stands proudly at the crossroads of Four Oaks Road and the Lichfield Road as
gateway welcomlng everyone to Four Oaks.
Our visionlmission statement is that we seek to be a beacon for Christ- radiating the love of God through
worship. word and wltness.
Our objectives and alms can be summarlsed as follows:_
To promote religious activltles and the name and beliefs of Jesus Christ.
To show a love and care for the surroundln8 community.
To advance the Christian f31th in accordance with the doctrinal standards and discipline of
the Methodist Church.
Any charltable purpose for the time bein8 of any Connexional, District, Circuit, Local or other
or8anisation of the Methodist Church.
Any purpose for the tlme being of any charity being a charlty subsidiary or anclllary to the
Methodist Church.
Worshlppin8 God through prayer, song and other acts of worshlp.
The organisation and resourclng of regular public acts of worship open to members of the
Church and non-members alike.
The teaching of Christianity through sermons. courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved.
io.
Hosting school visits to the Church to learn about Christianity.
ii.
Promoting Christianity through the staging of events and services.
12.
Provlding chaplaincy services to local schools, care homes and other institutions as
appropriate and where able.
Ensurin
our work delivers our aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the
outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the
benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure
that our alm, objectives and activities remained focused on our stated purposes.
Page I

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit
when reviewing our aim5 and objectives and in planning our future activities. In particular, the Trustees consider
how planned actlvltie5 will contribute to the aims and objective5 they have set.
The focus of our work
The focus of our work continues primarily to be the advancement of the Christian faith in the Four Oaks
community in accordance with the doctrinal standards and discipline of the Methodist Church.
The Trustees have paid due re8ard to guidance issued by the Charity Commission In deciding what activities the
Charity should undertake.
Grant maklng
Four Oaks Methodist Church make5 small grants to various organisations and individuals who 5UPPOrt and deliver
the Church's objects.
Potential recipients of grants paid by Four Oaks Methodist Church are revlewed by the Trustees on a case-bv-
case basls depending upon the avallable resources of the Charltv.
Safeguardlng
Every person has a value and dlgnity which comes directly from the creation of male and female in God's own
image and likeness. Christians see this potentlal as fulfilled by God's re-creatlon of us in Christ. Amon8St other
things this implies a duty to value all people as bearing the image of God and, therefore, to protect them from
harm.
Methodist Connexional practice outlines commitment to the followin8 principles:.
The care and nurture of, and respectful pastoral ministry with, all children, young people and adults.
The safe8uardin8 and protection of all children, young people and adults when they are vulnerable.
The establishing of safe, caring communities which provlde a loving environment where there is
informed vlgilance as to the dan8ers of abuse.
The selection and tralning of all those wlth any responsibility within the Church, in line with Safer
Recruitment principles, including the use of criminal records di5c105ures and registration with the
relevant vettin8 and barring schemes.
Respond without delay to every complalnt made which suggests that an adult, child or youn8 person
may have been harmed, co-operating with the police and local authorities in any investigation.
Seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of
informed pastoral care.
Seek to challenge any abuse of power. especially by anyone in a position of trust.
Seek to offer pastoral care and support, including supervision and referral to the proper authorities.
to any member of our Church community known to have offended aBain5t a child, young person or
vulnerable adult.
In all of these principles we will follow legislation, guidance and reco8nised good practice.
Four Oaks Methodist Church commits itself to ensuring the implementation of Connexional Safe8uardin8
Policy, Government legislation, guidance and safe practice in the Circuit and in the churches.
Page 2

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Four Oaks Methodist Church commits itselfto the provision of support, advicÈ and training for lay and ordained
people that wlll ensure people are clear and confident about their roles and responsibilities in safeguarding and
promoting the welfare of children and adults who may be vulnerable.
Achievements and performance
Choritable activitie5
ow our activities deliver
ublic beneflt
In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity
Commission's general guidance on public benefit, including the guidance on public benefit and fee charging.
The Church recognlses that it remains an ongoing struggle to increase or even stabilise church membership In a
context of rapid national decline. Our focus this past year, now the Covid pandemic is in the past, has been to
reengage with both the wider congregation and also the surrounding Four Oaks community by offering a range
of activities for people of all ages and belief5.
Our maln activities and who we try to help are described below. The Charity's activities continue to focus on our
aim to advance the Christian faith in the Four Oaks community in accordance with the doctrinal standards and
discipline of the Methodist Church.
Review of the
ear
Four Oaks Methodist Church has contlnued to meet Its obJectlve to wltness to the Fouroaks communlty through
the many activities that are regularly. held on Church premises.
The Church has responded to changing circumstances by embracing new technologies to maintain contact with
the Church family and with the wider community. The Church website (htt
www.
ourooksmethodist.or
.ukl and
it5 associated Facebook page I
www.
ocebook.com
FourOt7k5MethodistChurchl have been updated and contain
links and information on our ongoing activities. A new WhatsApp groups have been formed that contalns daily
meditations and selected Church notices. The weekly Church notlces are now sent by e-mail to Church member5
and other indlviduals on request. All of these modern digital ways of communication allow us to share resources
and links to worship services, worship at home notes, the weekly lectionary readings and the Methodist Prayer
Handbook. We have also been able to start using some of the extensive AV facilities more for the benefit of the
members and also those groups that utilise the premises
Four Oaks Methodist Church has a large and active membership and is one ofthe stron8er churches In the Sutton
Park Circuit. There are a number of house groups that meet regularlyfor bible study and fellowship. The Church
has a strong pastoral team that is in regular contact with the wider Church family and deliver5 the monthly
Me55enger.
The Church continues to Sponsor and support a full range of uniformed organlsations including Beavers, Cubs,
Scouts, Rainbows, Brownies, Girl Guide5 and Focus Explorer Scouts. There is also a popular Baby and Toddlers
group.
There is a regular service held on a Wednesday morning which is well attended.
A considerable amount of outreach continues to take place with elderly people within our local community
particularly aimed towards those who live alone and have few regular visitors. These activities include a monthly
Luncheon Club, a Monday Fellowship meeting, Ladies, Friendship Club. and the Flower Guild. A popular monthly
Men's Fellowship Group is centred around a series of interesting short biopics of attendees, backgrounds and
life experiences.
The Saturday morning "Drop-ln Cafe attrarts 10 to 20 people which offers a bacon or sausage butty, tea and
coffee and an opportunity to have a chat. On the back of this initiative, the Family Table Tennis club has 8rown
which has proved popular with young and old alike.
Page 3

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
In order to raise funds for the Organ Restoration Fund, the Church hosted three concefts,. a 'Musical Evening" in
October 2023, "The Vincents" in December 2023 and a "60's Sing-along evening in April 2024.
Four Oaks Methodist Church continues to support "Love in a BOW where shoeboxes are filled with small items
for children of all ages living in poor areas locally and nationally. We continue to support local, national and
international charities.
We have not forgotten those who do not have ready access to the internet and our pastoral team is in regular
contact by phone with people who may be stuck at home alone. Practical help with shoppin& collecting
prescriptions and transport for visits to doctors and hospitals have all been freely given and copies of the weekly
notice sheets are delivered by a group of volunteers.
We are mindful of the benefits of regular prayer and a dedicated prayer line
been establlshed for those in need of comfort and support.
omc
ra erline
muil.coml has
The Church famlly supports Birmingham Clty Missions and Erdlngton Food Bank wlth donatlons of food, money
and help from volunteers.
Followlng the reopenin8 of the Church premises, many external or8anlsatlons returned to meet at the Church
includlng:
The Tudor Club
Seasons Art - a popular art class
a number of choirs and dance groups
"Moo" music and dancing for toddlers
a Punjabl speaking club and luncheon group
the Sutton Coldfield Wind Orchestra
a 'Tiny TGlk" baby signin8 group
a number of coun5elling and support groups
The Church continues to seek out opportunities to serve the wider Four Oaks community whenever it can.
Staff changes
It is the tradition in the Methodlst Church for Presbyters and Deacons to be appointed for an initial period of five
years with the option for this to be extended by up to a further five years. Deacon Marilyn Slowe completed her
inltial five-year appointment on 31 August 2022 but accepted an invitation to extend her appointment for a
further five years. Deacon Marilyn has had a really positive influence on the church wlth her friendly outgoing
manner and many people have benefited from pastoral visits and her friendshlp. The Trustees are delighted that
Deacon Marilyn will continue to bless us with her care and ministry.
After our previous mlnlster left in 2022, Reverend Freddy Takavarasha, a retired mlnlster originally from
Zimbabwe, agreed to become our mlnlster for a two-year perlod. His minlstry blessed many people, and we
consider ourselves fortunate to have found the right person at the rl8ht time. He retired on 31 August 2024. The
Trustee5 would like to thank him for his pastoral care and ministry and wlsh hlm well for a lon8 and healthv
retirement.
The Methodist Connexion appointed Reverend Nick Jones as Circuit Superintendent of the Sutton Park Circuit on
I September 2023 and gave him p35toral responsibility for Four Oaks with effect from I September 2024. The
Trustees look forward to working with Reverend Nick Jones in the coming years as he leads the ministry and
pastoral team at Four Oaks.
Eco<hurch
The Methodist Connexion is committed to completely negating the amount of greenhouse gases that it produces
to net zero by 2030. In order to achieve this objective. the Church has set up a committee to look at how Four
Oaks Methodist Church can become an Eco-church. This will be a major challenge as the Church premises are a
8rade 2 listed building which restrict5 the nature of alteration5 that we can make to it. This eco committee has
already identified way5 of managing and reducing our energy consumption.
Page 4

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Flnancial review
Finonciol position
Income trends
Church income 15 primarily drawn from the Sunday collections, standing order5 and the associated Gift Aid tax
credit, Supplemented by lettings income from Wesley Cottage and roorn rental fees paid by external users of
our Church building.
Unrestricted Church income totalling £169,509 for the year ended 31 August 202412023 £168.2561 increased
by £1,253 or 0.7% compared to the year ended 31 August 2023 due to a small £1,420 increase in rental income.
Restricted Church income totalling £33,889 for the year ended 31 August 202412023 £719) increased by
£33,170 due to the generous donations received in response to the Organ Fund Gift Day Appeal.
Expenditure trends
The circuit assessment of £72,57912023 - £67,203) due to the Sutton Park Circuit continues to be our single
largest item of unrestricted expenditure, amounting to 39%12023 - 42%) of total unrestricted expenditure for
the year ended 31 August 2024. A significant amount of the Circuit assessment is used to pay the District
Assessment. stipends and costs related to mlnisters and deacons.
The total unrestrlcted expenditure of for the year ended 31 August 2024 was £184,08012023 - £158,812) whlch
was an increase of £25,268 or 16Yc compared to the previous year, This Increase in costs was due to inflationary
increases in most cost area5. The Church ha5 cor)tinued to save money on its ener8Y Costs by Its declsion to
move the Sunday worshlp services into the large hall during the winter months. The cost of repair5 and
maintenance to the Church premises Increased by £5,125 to £23,078 (2023 £17,9531 because of work carried
out to Wesley Cottage to address damp issues.
Fund balances
As at 31 August 2024 the unrestricted net assets of Four Oaks Methodist Church, including designated funds,
amounted to £68,29012023 - £83,467), giving approximately 4 months cover for norrnal expenditure12023 - 6
months).
As at 31 Au8USt 2024 the restrlcted net assets of Four Oaks Methodist Church amounted to £64,36912023
£33.6681 whlch largely relates to the remaining balance on the Redevelopment Fund of £20,628 and the Organ
Fund of £36.333. The funds held in the Redevelopment Fund have been retained to be used for future capital
expenditure at the Church, The Church started an Or8an Fund in 2023 to finance the future cost of the
refurbishment of the hlstoric Church organ which is estimated wlll cost £90,000.
Endowment funds amounted to £41,172 as at 31 August 202412023 - £38,585).
Investment policy ond objertive5
The Charity's Trustees will continue to explore and consider appropriate ways of investing reserves in such a way
as to increase income without exposing the Charity to undue rlsks.
The Church ha5 invested a total of £41,172 as at 31 August 2024 (2023 £38,585) in funds managed by the
Trustees for Methodist Church Purposes which aims to manage the funds and obtain 8ood returns on these
investments whilst making Sure that the investments are in line with the moral and ethical teaching of the
Methodist Church.
Reserves policy
The reserves policy for the Circuit is to hold a minimum sum equivalent to 4 months12023 - 4 months) average
expenditure. This should be sufficient to meet any unforeseen item of major expenditure on the Church building
andlor be able to continue funding, in the 5hort-term. planned activities in the event of any inability to raise the
full expenses including the a55e55ment due to the Circuit.
Page 5

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Going concern
The Coronavirus pandemicforced the c105ure of the Church premises for rnuch of 2020 and the first half of 2021.
Following the easing of Government restrictions, the Church premises were re-opened in June 2021 and worship
services recommenced. Despite the emergence of the Omicron v3riant, the Church was therefore able to
operate on a more normal basis durin8 the year ended 31 August 2024.
The large increases in energy costs that began in 2022 are an ongoing concern. The Church continues to monitor
the situation closely and h35 taken steps to actively manage its energy usage.
Consequently, the Trustees are
of the opinion that the Charity will be able to maintain its current activitie5 for the foreseeable future. The
Trustees have, therefore, considered that It is approprlate for the financial statements to be prepared on the
going concern basis.
Future plans
The Church premlses currently remain fully open for worshlp and external activities. However, we continue to
c105ely monitor the Coronavirus sltuation and are aware of the need to ablde and respond promptly to any
changes in Government guidellnes. In the meantime. the Church will continue to reach out and support the
wider community through worship, prayer and prartical support where needed.
5TRucfuRE, GOVERNANCE AND MANAGEMEMr
Governln8 document
Four Oaks Methodist Church is an unlncorporated charlty which achieved charltable status on 21 July 2009
(registered number 11306301.
Four Oaks Methodist Church is governed by a Deed of Union dated 1932 and by the Methodist Church Act 1976.
Detailed governance arrangements are outlined within the Constitutional Practice and Dlscipllne of the
Methodist Church by order of the annual conference ICPDI.
Recrultment and appolntment of new Trustees
Trustees must be Members of the Methodist Church and are recruited to reflect the diver51ty of the Church's
activities Within the local community. Appolntment as a trustee follow5 informal meetings with the current
Trustees.
Or8anisatlonal structure
The members of Four Oaks Methodist Church Council consist of the Charlty's Tru5tee5 which comprlse the Church
office holders, Mlnisters and representatives appointed by the Church at the Annual Church Meetin8.
The Charity Is or8anised so that its Church Council meets regularly to manage its affalrs and formulate policy.
Day to day management of the Church is undertaken by the Church Leadership team alon8 Wlth the Mlnlsters.
Induttlon and trainln8 of new Trustees
Arange ofguidance produced by Methodist Connexion tosupporttheeffective running ofthe church. specifically
the leaflet *he Role of a Trustee in the Methodist Church" is given to all new church Trustees as part of their
induction as a trustee.
Page 6

FOUR OAKS METHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Key management remuneration
In the Trustees, opinion, the key management personnel of the Charlty responsible for the direction, control,
running and operation of the Charity on a day-to-day basis con51Sts of the Church Councll
Ke rnana
ement
ersonnel- Church Council
In most instance5, all Trustees give their time voluntarlly and receive no benefits from the Charity. Any expenses
reclaimed from the Charity or remuneration received by Trustees from the Charity are set out in the notes to the
financial statement5.
Remuneration for staff is reviewed annually and normally increased based upon the position of the Charity's
finances and the cost of living in general. The Church subscribes to the principles set out by The Living Wage
Foundation.
Related partie5
Four Oaks Methodist Church is part of the Sutton Coldfield Clrcuit which is part of the Blrmingham District and is
also accountable to the Methodist Conference.
The Internal organisations linked to the church are the Monday Fellowship, the Flower Guild, the Ladies,
Friendship Club, the Luncheon Club and Home Mlsslons.
Rlsk management
The Trustees have a duty to Identify and review the risks to which the Charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees have examined the major strateglc, business and operational rlsks that the Charity faces and
confirm that 5VStems have been established to enable regular reports to be produced so that necessary step5
can be taken to lessen these risks.
Income and expenditure are monitored and compared with the approved annual budget after at least every 3
months to detect trends as part of the risk management process and to avoid unforeseen calls on reserves.
Fundralsln8
The majority of our income comes from voluntary donatlons from our membershlp and from other supporters.
Through the fundraising efforts of our members and supporters we are 8enerating the financial resources to
enable us to provide our services.
The Church Council is deeply committed to building relationships and trust with our members and supporters
and 15 committed to the strengthening of oversight and assurance concerning our fundraising efforts and in
ensuring compliance and best practice in these areas.
We are particularly aware of the need to protect vulnerable individuals in any fundraising we undertake. Our
vulnerable persons, policy sets out the standards we commlt to meet.
We continue to be committed to addressing any expression of dissatisfaction on the part of our members and
supporters to examining ways to Improve the levels of our service to them.
Page 7

FOUR OAKS MEfHODIST CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
1130630
Registered offlce
155 Lichfield Road
Sutton Coldfield
B74 2UU
Trustees and Key Lay Workers
Minister5
Reverend Freddy Takavarasha Iretired 31 August 20241
Reverend Nick Jones lappointed I September 2024)
Deacon Marilyn Slowe
Centre Mana
er and La
Peter Cashmore
Worker
Church Treasurer
David Bowater
Church Stewards
Annette Ashford Istepped down 31 Au8U5t 2024)
Janet Darke
Lynette Jones
Julie Anne Read
Chris Shaw (stepped down 31 August 20241
Sue Stewart (appointed I September 20231
Church Safe
uardin
Anne Thompson
Co-ordinator
Sutton Park Circuit re
re5entatives
Reverend Nick Jone5 (appointed I September 20231
Deborah Majola
Church representatives (other members of the Church Councll)
Annette Ashford lappointed 17 September 2024}
Peter Johansen
Madeline Ballantine (resigned 17 September 2024)
Carolyn Nicholl
Diana Bosman
Linda Revell
(resigned 12 May 20241
Angela Cliff
Margaret Shaw (resigned 25 January 20241
Angela Constantine
Jane Sweetman
Glyn Constantine (appointed 17 September 20241
Rodney Thompson
Sue Hayden
Marion Watts
Bill Humpherson
Torn Watt5
Carolyn Humpher50n
Rachel Williamson
Jenny Jeffries
{resi8ned 12 May 20241
Page 8

FOUR OAKS METHODIST CHURCH
REPORT OF THE TrUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS (contlnued)
Independent examiner
P E Smith ACA
J W Hinks LLP
Chartered Accountants and Statutory Auditors
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 3BH
Bankers
HSBC plc
67 South Parade
Sutton Coldfield
B72 IPA
Central Flnance Board of the Methodist Church
Methodist Church House
25 Tavlstock Place
London
WCIH 9SF
Investment manager
The Trustees for Methodlst Church Purposes
Central Buildings
Oldham Street
Manchester
Ml IJQ
Approved by order of the Church Councll on 13th January 2025 and signed on the Church Council's behalf by:
Pet
Tru
Johan
tee
Page 9

FOUR OAKS METHODIST CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FOUR OAKS METHODIST CHURCH
I report to the charity trustees on my examlnation of the accounts of the charlty for the year ended 31 August
2024 which are set out on pages 11 to 24.
Responsibilities and basls of report
As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Act'l.
I report in respect of my examlnation of the charity's accounts carried out under section 145 of the Act and in
carryin8 Out my examination I have followed all the applicable Dlrections glven by the Charity Commission
under section 145{5llbl of the Act.
Independent examlner's statement
I have completed my examination. I conflrm that no material matters have come to my attention in connectlon
wlth the examination 8ivin8 me cause to believe that in any material respect:
accountlng records were not kept in respect of the charlty as required by sectlon 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply wlth the applicable requlrements concerning the form and content of
accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the
account5 give a 'true and fair view, which is not a matter considered 05 part of an independent examlnation.
I have no concern5 and have come across no other matters in connection with the examinatlon to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Peter Smith ACA
J W Hinks LLP
Chartered Accountants and Statutory Auditors
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
13 January 2025
Page 10

FOUR OAKS METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Notes to
Designated
the
General Fund
Funds
Arrounts Iunrestrlrtedl {Unrestslctedl
Restricted Endowment
Funds
Funds
Totsl
20Z4
Inwme
Offerlngs
Donatlons and 8rants
Gift Aid
Interest and investment income
Income from investment properties
Internal organisatlons
Other charltable Income
Total Income
51.587
9,088
14,477
3.9CN)
8.955
6,578
74,924
169,509
51.587
37,053
20NOI
4,897
8,955
6,578
74,924
204,395
27,965
5,924
997
33,889
997
Expendlture
Clrcult assessment or share
Grant5 and donations
Property malntenance
Insurance, utilities et¢.
Office expenses
Other expenditure
Internal organisatlons
Tot•1 charltable expendlture
Galns1llos5e51 on monetarv
investments
Gains/llossesl on investment
properties
Net lexpendlture) /lncome
Transfers between fund5
Other galnslllossesl
Net movementln funds
Total funds brought forward
Totsl funds carrled forward
72,579
3,791
23,078
28,591
7,165
41,940
6,936
184,080
72,579
3,791
26,802
28,591
7,165
42,120
6.936
187.984
3,724
70
iio
3.794
iio
io
1,700
1.700
{14,5711
16061
30,095
606
Z,587
,iii
li
{15,1771
77,467
62,290
30,701
33,668
64,369
2,587
38,585
41,172
18,111
155,720
173,831
18
18
6,OCNJ
6,IXIO
Page 11

FOUR OAKS METHODIST CHURCH
STATEMENT OF FINANCIAL AcfviTIES
FOR THE YEAR ENDED 31 AUGUST 2023
Notes to
Deslgnated
the
General Fund
Funds
A￿0￿rrtS {Unr•strlcted} IUnre5tr1rted}
Re5trlrted Endowrnent
Funds
Fund5
Totsl
Z023
Income
Offerings
Legacies
Donatlon5 and grants
Gift Ald
Interest and Investment income
Income from Investment propertles
Internal organlsations
Other charltablè Income
Total Income
61.447
1,027
61A47
1,027
715
14,225
3,230
9,540
5,680
73,n3
169,S87
715
14,221
2,618
612
5.680
73,723
168,256
719
612
Expendlture
Circuit assessment or share
Grants and donatlons
Property malntenance
Insurance, utlllties etc.
Office expenses
Other expendlture
Internal organlsations
Total charltsble expendlture
{L055esll8ains on monetary
Investrnents
Galnslllossesl on Investment
properties
Net (expendlture) lineorne
Transfer5 between funds
Other galnslllossesl
Net movementln funds
Total funds brought forward
Total funds carrled forward
67,203
1,243
17,953
26,043
6,832
34,545
4,993
Is8￿12
67,203
1.243
32,401
26,043
6032
34,676
4,993
173391
14,448
20
iii
14,468
iii
io
{9091
1909)
113,7491
1,275
(4081
{4,713)
li
11,2751
8,169
69,298
77.467
112,4741
46,142
33,668
14081
38,993
38,585
{4,713)
160.433
155,720
18
18
6,000
6.000
Page 12

FOUR OAKS METHODIST CHURCH
BALANCE SHEEr
FOR THE YEAR ENDED 31 AUGUST 2024
Notes to
Deslgnated
the General Fund Funds
Restrlcted Endowment Total
accounts Iunrèstrictédl Iunrestrictedl Funds
Funds
2024
Total
2023
Fixed Assets
Church building and other propertv
Investment propertles
Investments
41,172 41.172
41,172 41,172
38,585
38,585
Total Flxed Assets
Curr¢nt Assets
Debtors and prepayments
Loans by the Church
Investments wlth TMCP
Central Flnance Board Deposlts
Cash at Bank and In hand
Total CurrentAssets
Current Llabllltle$
Creditors Idue in under I yearl
Grants payable within 2024-24
Total Current Llobllltles
Net CurrentAssets/(IlobllltiesJ
12
26,023
26,028
18B59
17,799
32,048
75,870
6,000
50.000
14.369
64,369
73,799
46A17
146,239
72,780
6,WO
124,027
15
13,580
13,580
6,892
13,580
62,290
13,580
132,659
6,892
117,135
6,000
64,369
Long Temi Llabllltles
(due after more than one yearl
Grants payable after 2024-24
Loans to the Church
Net Assets
62,290
64,369
41,172 173A31
155,720
Funds of the Church
General Fund Iunrestrlctedl
Deslgnated Funds Iunrestrlctedl
Total Unrestrlrted Funds
Restrlcted Funds
Endowment Funds
16.1
16.2
62,290
62,290
77,467
6,OlJO
83.467
33.668
38,585
155.720
6,000
62,290
68.290
64,369
41,172 41,172
41.172 I73￿31
17
17
64,369
Totol Funds
62.290
6.OlXJ
64,369
Si8ned
David Bowater
Church Treasurer
13 January 2025
Page 13

FOUR OAKS METHODIST CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
Total
Total
2024
2023
Cash from operating activities
New cash generated/lusedl in operating actlvltles
696
(3,8981
Cash flows from Investlng artlvltles
Dlvldends, Interest and rents from investments
Proceeds from the sale of propèrtV* plant and equlpment
Purchase of property. plant and equlpment
Purchase of Intanglble assets
Proceeds from the sale of investments
13.852
12,770
Purchase of Investments
Other
Net cash provld•d by In¥ertlng actlvltles
13,852
12,770
Cash flows from flnanclng actlvltles
New borrowings
Repayrnent of borrowlng5
Net cash used In flnanclng activltles
Change In cash and cash equlvalents In the reportln8 perlod
Cash and cash equlvalents at the beginning of the reportlng period
Cash and cash equlvalents •t the end of the reportlng period
14,548
105,668
120216
8,872
96,796
IOS,668
conclllatlon of net In
ome to net cash flow f
Net income/lexpenditurel for the reportlng perlod
las per statement of flnanclal activitie51
eratln
activEti
18,111
14.7131
Adjustments for.
Depreciatlon and amortlsatlon charges
Proflt on the sale of flxed assets
Los5 on the sale of flxed assets
IGalnsl/losses on Investments
Dlvldends, Interest and rent5 from Investments
Ilncreaselldecrease In stocks
Ilncreaselldecrea5e In debtors
Increase / Idecrea5el in creditors
12,5871
113,8521
408
112,7701
17,6641
6,688
8,083
5,094
Net cash used in operatlng activities
696
130981
Anal
515 of cash and cash e
ulvalents
Cash In hand
46,417
73,799
120,216
32,888
72,780
105,668
Short term deposlt (less than 3 months)
Total cash and cash equlvalents
Page 14

FOUR OAKS MEfHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng framework and accountlng policies
Accountlng framework
The financial statements of the Charity. which is a public benefit entity under FR5 102, have been prepared in
accordance with the Charities SORP {FRS 1021 "Accounting and Reporting by Charities: Statement of
Recommended Practice appllcable to charitles preparing their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (effective l January
20191" Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland".
Publlc benefrt entlty
Four Oaks Methodist Church {FOMC} meets the definition of a public benefit entity under FRS 102. Assets and
Ilabilities are Initially recognised at historlcal cost or transaction value unless otherwise stated in the relevant
accountlng policy notes below.
111 Basls
These accounts have been prepared on the basis of hlstorical cost except that investments are shown at their
market value at the end of the year, on the accruals basis to show a true and fair view of the Church's financial
position and artivities.
Iv Content
The financial Information presented is relevant, reliable, comparable and complete. Where estlmates are used
these are based on experlence, research and judgement. The accounts are expressed in £ Sterling, rounded to
the nearest pound.
Goin8 concern
Based on the monetary assets and human resources available on 31 August 2024, the Trustees belleve that the
Church is a going concern.
vl
Income recognltlon
Income is brought Into account when it is more Ilkely than not that the economic beneflt of the income wlll
accrue to FOMC. No attempt Is made to measure the value of services donated by volunteers.
Individual amounts categorised as Other Choritable Income in the SOFA will be shown separately If they are
considered material.
In accordance with the Charities SORP {FRS 102), the time of volunteers is not recognised. Further information
on this matter is provided in the Trustees, Annual Report.
Expendlture
This is recognised when a Ilability is incurred, or a constructive obligation arises, that result5 in the payment being
unavoldable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than
not under the legal or constructive obligation committing the Church to pay out resources.
viii Grants
Grants are recognised in full when the award is made once the Church accepts that there is a legal or constructive
obligation to make the payment and that such payment is probable.
Page 15

FOUR OAKS MEfHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ix
VAT
Since the Church is not VAT registered, all input VAT is charged wlth the expense5 to which it refers except for
some qualifying expenditure where the input VAT can be recovered under the Listed Places of Worship Scheme.
Tangible f ixed as5et5
These are capitalised if they can be used for more than one year, and individually cost at least £1,000.
xi
Investments
The investments of FOMC are held by the Trustee5 for Methodist Church Purposes ITMCPI as custodian trustees.
The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investment5 at the
end of the year are shown in the SOFA and in Note 18 below.
Surplus cash fund5 are held on deposit with the Central Finance Board of the Methodist Church.
xil
Recelvables and Payables; Bank and Cash
Debtors are stated at the amounts owed to the Church or prepaid. Creditors are initially recognised at settlement
amount after any trade discounts, where normal credit terms apply, or amount advanced to the Church.
Subsequently creditor5 that are current liabilities are measured at the cash or other consideration expected to
be paid, The liquid funds of bank balances and deposit account balances are shown at the realisable values.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectlves at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the object5 of the Charlty-
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanations of the nature and purpose of each fund is included in the notes to the financial statements.
xiv
Penslons costs and other post-retirement benefits
Contributions to the personal pension schemes of certain employees are charged to the Statement of Flnanclal
Activities in the period in which they relate. The assets of these personal pension schemes are held separately
from those of the Charity In Independently administered funds.
xv
Employee beneflts
When employees have rendered service to the Charity, short-term employee benefit5 to which the employees
are entitled are recognised at the undi5counted amount expected to be paid in exchan8e for that service.
The c05t of any unused holiday entitlement is recognised in the period in which the employee's service5 are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to
terminate the employment of an employee or to provide termination benefits.
xvi
Flnancial instruments
The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Financial
assets, other than investments, and financial liabilities are initially measured at transaction price (after
including/deducting transaction costs) and subsequently held at amorti5ed cost less any impairment,
Critical accounting judgements and estimates
In the application of the Charity's accounting policies, the Trustees are reqtjlred to make judgements. estimates
and assumption5 about the carrying amount of asset5 and liabilities that are not readily apparent from other
sources.
The estimates and underlying assumption are reviewed on an ongoing basis. Revisions to accounting estimate5
are recognised in the period in which the estimate is revised where the revision affects only that period or in the
period of the revision and future periods where the revision affects both current and future periods
Page 16

FOUR OAKS MEfHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
2 Glossary of terms
CFB: Central Finance Board of the Methodist Church manages a Comrnon Deposit Fund and a series of pooled
investment funds for Method15t entities in Great Britaln and provides investment advice to those entities
Church: a group of member5 from fewer than 10 to more than 300
Circuit: a group of Methodist Churches near each other, typically between 10 and 30
CMTF: Circult Model Trust Fund
Connexlon: The Methodist Church in Great Britain which includes the Head Office at Methodist Church House, all
Methodist Districts, Circuits and Churches in Great Britain
Distrlct: a group of contiguous Circults, usually between 15 and 30
FOMC: Four Oaks Methodist Church 1.the Church")
FRS: Financlal Reporting Standard
NEST: National Employment Savings Trust
SOFA: Statement of Financial Activities
SORP: Statement of Recommended Practice
TMCP: Trustees for Methodist Church Purposes, the le8al owner and Custodian Trustee of all Methodist Model
Trust property, including Legacies, Endowments and Accumulated Funds
3 Trustees
Payments to Trustees
It Is Church pollcy to offer to reimburse members and Trustees for expenditure properly incurred In carrying out
their duties. All expenditure is fully receipted and reimbursed at cost.
One of theTrustees is an employee of the Church12023: onetru5tee} and recelved remuneration of £26.146 {2023:
£25,654}. Expense5 have been reimbursed to 11 (2023: 9) Trustees who, in aggregate, have received the sum of
£5,41512023.' £8,752) during the year.
Other charltsble Income
The Church uses its premises for other activities which generate income for charitable purposes. including letting
its premises out to both Church groups and the wider community. This generated income as follows:
2024
2023
Room lettings
Weddin85, Baptism5 & Funera15
Concert5
Miscellaneous income
Total Other Charftable Income
70.510
1,570
2,564
280
74.924
69,090
3,473
1,160
73,723
Page 17

FOUR OAKS METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
5 Salarle5 and associated costs
Gross salaries paid to two12022-23.' two) employee5 were a5 follows:
2024
20Z3
Gr055 pav
Employer's National Insurance contributions
Less: Employment Allowance
Employer's pension contributions to deflned
contribution schemes
Apprenticeship levy
Total staff costs
29,890
2,353
12,3531
29,674
2,335
12,3351
1,494
143
1,490
129
31.527
31.293
Total weekly contractual hours for 2 staff
42
42
No employees recelved employee benefits that totalled more than £60,000. There Is no accrual for holiday pay
as it is immaterlal,. the holiday year ends on 31 August. All staff are paid at or above The Living Wage.
One of the two employees were engaged as Four Oaks Centre Manager and the other was enga8ed part-tlme as
Secretary to the Church. The Pre5byter5 and Deacons who served the Church during the year were engaged bv
the Methodist Church - Birmingham (Sutton Parkl Circuit, not by Four Oaks Methodist Church.
6 Penslons
Under the Auto Enrolment regulatlons set out by the Pension Regulator, all employees of FOMC are auto-enrolled
into an employer pension scheme. subject to eligibility. The Auto-Enrolment staging date for the Church was
Aprll 2021. The Church has chosen a defined contribution pension scheme adminlstered through the National
Employment Savings Trust INESTI and makes employer contrlbutions at or above the leve15 required by law.
The pension arrangements for Presbyters and Deacons who served the Church durlng the year are provided
through the Connexion and are funded by contributions made by the Birmingham (Sutton Park} Circuit. The
pensions are provided through two schemes: The Methodist Ministers, Pension scheme I'MMPS") and The
Pen5i0n and Assurance Scheme for Lay Employees ofthe Methodist Church I'PASLEMC"). Following an actuarial
valuation, the two schemes had an estimated combined surplus of £45.7m as at 31 August 2023 and therefore
the Connexion has agreed to return the voluntary contributions made by churches in 2022 to the Pension Reserve
Fund. Subsequently, the Church received a refund of £22,255 in October 2024.
7 Property malntenance
2024
2023
Maintenance of Church and Halls
Maintenance of Church Cottage
Property Malntenance (General Fund)
Hall Development Project (Restricted Fund)
Total Property Maintenance
10,967
12,111
23,078
3,724
26,802
15,020
2,933
17.953
14,448
32,401
Page 18

FOUR OAKS METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
8 Omce expenses (General fund)
2024
2023
Println& postage and stationery
Telephone and broadband
Staffing and expenses
Bank charges
Examiner's fees
Total charge to General Fund
999
480
4,304
542
840
7.165
397
427
4,560
608
6,832
9 Other expendlture
2024
2023
Church activities
Caretaker / Cleanln8 Costs
Concert expenses
Cholr and music costs
1,801
31,920
936
2,338
29,843
7,283
41.940
70
iio
2,364
34.545
20
iii
Total char8ed to General Fund
Other (charged to Restricted Fund)
Other {charged to Endowment Funds)
Total
42,120
34,676
io
Investment management
Durlng the year the Church paid £110 to TMCP as admlnistratlon costs on the endowment funds held.12023
£llll. The sum of £110 was levled at 0.2Yo on the value of the funds at the end of the year.
The sum of £1,70012023 - £909 lossl represents an unrealised gain In the Invested funds of the Endowment
Funds. More information can be found in Note 16 Endowment Funds.
li
Transfer between funds
The Church has a historic Needham and Beard organ thatwas installed in 1914 and 15 in need of a major overall
that could cost up to an estimated £90,000. An Organ Fund of £1,975 was created in 2023 and a Gift Day
Appeal was held in 2024 which raised £33,686. inclusive of the associated Gift Aid, which was transferred to
the Oran Fund together with other specific donations and the net proceed offunds raised through concerts.
£10012023- nil) was transferred from the General Fund to the Benevolent Fund.
Page 19

FOUR OAKS METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12
Debtors and prepayments
All sums shown as debtor5 on I September 2023 were received during the following year. All 5um5 paid in
advance on 15eptember 2023 were for attivities that have been held durin8 2024. Similarly, it is experted that
payments in advance on I September 2024 will be expensed in 2024-25.
Debtors were made up as follows:
2024
2023
Trade debtors
795
Prepayments and accrued Income
Gift Aid tax and VAT receivable
Circuit assessment paid in advance
Insurance paid in advance
Pre-paid gas
Room lettings
Total (net)
11,295
6,351
6,147
5,163
6,048
5,983
2,230
26,023
370
18,359
13 Trustees for Methodist Church Purpose$
The fund5 that support the Church's Endowment Funds are held by TMCP in Investment Fund5 Trustees Interest
Funds on which interest is credited to the accounts each month. These are regarded a5 medium- and long-term
investments.
TMCP Is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies,
Endowment5 and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who
are responslbleforthe day-to-day management oftrust property. TMCP ensure that, through provldingguidance
and acting under their direction, the Managing Trustees comply with charlty law and Methodist law and pollcy
as determined by the Methodlst Conference.
14 Central Flnance Board {CFB) and Cash at Bank
The Church ha5 one current account at HSBC plc, an authorised institution. The sum5 held on those accounts are
immediately available. In addition, the Church has one deposit account at CFB, a common deposit fund. Interest
is earned on these accounts and credited monthly; the sums deposited can be withdrawn without notice and
without loss of interest. These sums are viewed as being liquid.
Page 20

FOUR OAKS MEfHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15 Creditors and accrued expenses
2024
2023
Creditor5:
Bank charges
Building repairs & maintenance
utilities
Audit and examinerfs fee
Total
13
11,800
570
840
5,475
564
840
13,210
6,892
Accruals:
PAYE and pension contrlbutions
Taxation and Social Security
Other accruals
370
370
Total
13,580
6,892
Maturity analysls of basic flnanclal Instruments
Accrued at
I Sept 2023
Accrual made
In year
Accrued at
31 Aug 2024
Paid in year
Trade credltors
Bank char8es
Building repalrs and malntenance
Utilities
Audit and examlner's fee
PAYE and pension contribution5
Taxation and Social Security
Other accruals
Total
13
5,475
564
840
1131
14,7751
1564)
1840)
ii,ioo
570
840
11,800
570
840
370
12,880
370
13,580
6,892
(6,192)
It is expected that all sums accrued on 31 August 2024 will be paid durlng the year to 31 August 2025.
16
Unrestrltted Funds
16.1
General Fund- balonce £62290 on 31 August 2024 (2023.. £77,467J
The purpose of the fund is for use at the discretion of the Trustees in the furtherance of the general objectives
of the Church and which have not been designated for other purposes.
The general reserves policy of FOMC is to keep the undesignated general-purpose reserves at a level of no less
than four months and no more than six months of our'normal expenditure in any one year.
Page 21

FOUR OAKS METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16.2
Other Designated Funds- balance £6,000 on 31 August 2024 (2023.. £6.0001
Designated funds comprise a maintenance reserve to provide for the future maintenance need5 of the Church.
17
Restrlrted Funds- bqlance £64,369 on 31 August 2024 (2023.. £33,668J
Endowment Fund5- balance £41,172 on 31 August 2024 (2023.. £38.585J
Thechurch R&*velopment Projectwas a large-scaleprojertto refurbish the Church premisesto make them fit for
purpose for the 21" century. The Church redeveloped all of its community rooms and believes that the new and
much improved facilities wlll help to achieve its mission to be a beacon of Christ in the local area. The balance on
this fund on 31 August 2024 was £20,62812023'. £24.3511. The Redevelopment Project ha5 now been completed
and all costs discharged. The funds raised by the Redevelopment Appeal exceeded the costs incurred by the
project and therefore, in agreement with the prlncipal donors, the balance of the fund 15 to be retained to be
used for future capital expenditure at the Church.
The Church has established an Organ Fund to meet the future cost5 of refurbishln8 the Church organ. At 31
August 2024 the balance on th5s fund was £36,33312023: £1,976).
The Capltal Fund was establlshed to provlde income to support the upkeep of the Church's buildings and facilities.
Some of this fund 15 included in Central Finance Board deposit5 (balance £7,300, 2023: £7,300) and the remainder
is in endowment fund5 (balance £18,740, 2023: £17,765).
C T Avery and Samuel A Wood Trusts were established by bequests to support the on8oin8 work of the Church.
The balances of these funds are shown in note 18 below.
18
Summary of movements on slgnlficant individual funds
Current year movement in funds
Balance at
1-5ep-2023
Income
Expendlture Transfers Galnsl
Losse5
Balance at
31-Au8-2024
Fund
General Fund
Property Maintenance
(Designated)
Total unrestrlcted funds
Church Development Project
Organ Fund
Capital Fund
Sm311 Funds1<£500 each)
Total restrlcted funds
Capital Fund
CT Avery- Trust A
CT Avery- Trust B
Samuel A Wood Trust
Total endowment fund5
Total Fund5
77,467
6.000
169,509
1184,0801 16061
62,290
6,000
83,467
24.352
1,975
7,300
41
33,668
17,765
4,123
1,649
15,048
38,585
155,720
169,509
(184,080) 1606)
(3,7241
68,290
20.628
36,332
7,300
109
64,369
18,741
4.442
1.777
16,212
41.172
173,831
33,851
506
38
33,889
938
1701
(3,794)
1511
1121
{41
1431
997
{iioi
204.395 (187.9841
loo
606
89
12
319
128
1,164
1,700
1,700
43
Page 22

FOUR OAKS METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Comparatives for movement in funds
Balance at
1-5ep-2022
Income
Expenditure Transfers Gainsl
Lo55es
Balance at
31-Aug-2023
Fund
General Fund
Property Malntenance
(Designated)
Total unre5trlcted funds
Church Development Project
Organ Fund
Capital Fund
Sm311 Funds1<£500 each)
Total restricted funds
Capital Fund
C T Avery-Trust A
C T Avery- Trust
Samuel A Wood Trust
Total endowment funds
Total Funds
69,298
6,000
168.256 1158,812) {1,2751
77,467
6,OCrf)
75.298
38,781
168,256 (158,812) 11,2751
19
114,4481
700
83N67
24,352
1,975
7,300
41
33,668
17,765
4,123
1,649
15,048
38.S85
155,720
1,275
7,300
61
46,142
17,249
4,306
1,722
15,716
38,993
160,433
{201
(14,468)
{491
1121
151
45
1451
612
{iiii
169.587 (173,3911
719
550
1,275
15
11831
{731
16681
(909)
19091
12
A current year 12 months and prior year 12 months cornbines position as follows
Balan￿ at
Income Expenditure Transfers Gainsl
l-Sep-2022
Losses
Balance at
31-Au8-2024
Fund
General Fund
Property Maintenance
IDesignatedl
Total unrestrlcted funds
Church Development Project
Organ Fund
Capital Fund
Srnall Funds1<£500 each)
Total restrlcted funds
Capital Fund
C T Avery- Trust A
C T Avery- Trust
Samuel A Wood Trust
Total endowment funds
Total Funds
69,298
6,000
337,765 1342,8921 11,8811
62,290
6,0¢)0
75,298
38,781
337,765 {342,892) (1,8811
19
118,1721
34,551
68.290
20,628
36,332
7,300
109
64.369
18,741
4,442
1,777
16,212
41,172
173031
1,781
7.300
61
46.142
17,249
4,306
1,722
15,716
38,993
160,433
38
34,608
1,488
24
{901
(18,2621
iiooi
124}
{9}
88
188)
1,609
1221)
373.982 (361,375)
loo
I￿81
104
136
55
496
791
791
Page 23

FOUR OAKS METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19
Connected organlsatlons and related parties
All of the Church Trustees are members of the Church or Trustees of another Church in the Circuit.
Connected organlsatlons include the Methodist Connexion, Circuits and Churches withln the District,
other Methodist Districts in Great Britain, the Methodist Ministers, Children's Relief Association, CFB and
TMCP. All of these entities have their own trustees or directors and autonomous administration such that
FOMC has no significant influence over any of them, nor they over FOMC. They are, therefore, not
considered related partles.
Payments totalling £2,79312023'. £1,100) were made to J. Cashmore for work ¢arrled out on the Church
Premises. J. Cashmore is theson of Peter Cashmore. one oftheTrustees, and is therefore a related party.
These payments were approved independently by the Church Treasurerand Chairman ofthe Finance and
Property Committee.
There were no other related party transactions which are not otherwise disclosed in these accounts with
the exceptlon of donations received from Church members in connection with the Church Organ Fund
and Redevelopment Projects. These amounted to £33,851 during the year ended 31 August 202412023
- £19).
20
Volunteer contrlbutlons
Every entity Iconnexion, District, Circuit, and Church) wlthin the Methodist Church of Great Britain 15
heavily reliant on volunteers who contribute their skills, time and money In the furtherance of the work
of the Church. Principally this contribution is by the Stewards asslstlng with the services of the Church
and servlng on committees of the Church that deal with mission, property and finance. We are grateful
to all of them for their help and commitment.
zi
Capital commltments and contlngent Ilabilities
There were no capltal commitments or contingent Ilabilltles at the year-end {2023 - £ nlll.
22
Events after the reportlng perfod
There were no events after the year end.
23
Operatln8 Lease lessee-commltments
The Church had no commitments for leasing obli8ations at the year-end12023 - £ nill.
24
Independent examiner
During the year the Church re-appointed JW Hinks as Independent Examiner. Their fee for the year is
£840 including VAT12023- £8401.
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