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2020-12-31-accounts

Hazlemere Free Methodist Church Reports for Year ending 31[st] December 2020

Minister’s Report for 2020.

2020 started much like previous years as we looked forward to where Our Lord would lead us and what He would do with us, and us for Him.

We began by prayerfully planning activities and for nearly the first quarter we met together for worship, prayer meetings, Bible studies, Fellowship, Tea and Cake and Men’s Breakfast. We were able to hold a Lent Reflective Day with the theme ‘Passion’ – ‘The Passion of Christ and A Passion for Christ.’ We now realise how incredibly blessed we were during that day and how it sustained us for what was to come! And then it happened… COVID! There is no doubt that in the early days there was a lot of fear and uncertainty as to what that meant to each one of us and as I met with our trustees to discuss the news, impact and the way forward; it felt overwhelming and I felt unprepared and inadequate. With the benefit of hindsight that was the best thing, because as we prayed individually and together, throughout the next 16 months, our Lord showed us the way and we took one step at a time by His grace.

Having written last year of being reminded that ‘the Church’ is the people and not the building; we were now thinking about how we could adapt to be ‘church’ without the ‘security’ of our building. How we could be church family without physical contact and how we could care for one another and the community we serve, at a distance.

And we did adapt.

Initially I recorded preaches for our website and started emailing and printing the ‘Pastor’s Ponder.’ I was introduced to ‘Zoom’ by a colleague; for people of a certain age, you will know it as a song by Fat Larry’s Band! But it proved vital to maintaining contact and ‘seeing’ each other on a weekly basis as we started a full worship service, Bible studies, coffee and chat, tea and fellowship and even held our Macmillan tea and cakes and quiz on it. Our trustees and myself used it to meet regularly to discuss developments on the Covid situation and updates on guidelines as they happened, so we could consider when it was going to be ‘safe’ to return to worship together physically.

I was so encouraged by all those who took this new way of doing things in their stride and to those who provided technical assistance to those who needed it. As life began to return to some sort of ‘normality’ attendance at the midweek events dwindled, but we sustained a good attendance on Sundays.

For those unable to access ‘technology,’ the service which I had typed out in full was then taken by members and photocopied and delivered to them.

Doorstep chats and a few through open windows became normal.

There have been other positives: as I divided up our members and attenders, to all our activities, between our trustees who had agreed to regularly calling them; communication was maintained and relationships were built or enhanced, which have continued since we returned in 2021.

Our Young People did an awesome job writing letters to everybody full of cheery news and pictures of what they had been doing and how they were coping with lockdowns. They made and delivered Christmas cards and craft (and for Mother’s Day 2021).

We continue emailing prayer requests, so we could pray alongside those who needed it during their journey. Sadly, we lost three of our members to age and some of our families were affected by covid, but have recovered/recovering; and we continue to hold them in prayer.

And there were other things done too, both known and unknown, and I want to thank everybody who took our Biblical mandate to ‘love your neighbour’ and to live it out.

As I conclude my report for 2020, we were by the end of the year in ‘lockdown 3’ and all feeling a bit weary of it as it felt like there was no end in sight; yet grateful that we were still ‘together’ virtually and being blessed in ways we couldn’t have imaged by our Gracious God.

We have learnt so much this year, about ourselves and each other. We know now, more than ever, how much we value community, being in worship and fellowship with one another, as we continue our journey of faith.

I believe that it has been good that we have been ‘shaken’ and challenged; we have been given time ‘to be,’ to reflect on what is important to God and consider why and how we do what we do. Whether we are ready to admit it yet, we have been changed! As we enter 2021 and discover the ‘new reality,’ I pray that each one of us will prayerfully consider the way forward for ourselves, our activities and who we are as a worshipping community of God.

God bless, Pastor Sharon

Trustee’s Report for 2020.

Once again, I begin this report in expressing the Trustee’s even greater thanks for your prayer and financial support through this exceptional year.

We began the year looking forward to what and how we could continue to expand our Lord’s work in our church. Also to repair and maintain the building as issues arise.

Sufficient funds were given on Gift Day in the first week of March, for renewing the three side doors to the premises. Within days this project was put on hold as we entered the first period of lockdown from Covid 19.

The use of the building by the church immediately ceased for all activities apart from funerals. We kept the Pre-School running from after the first lockdown, by giving them sole use of the hall etc. Thereby providing Pre-School with a Covid Secure Environment.

The Trustee’s and the whole congregation expressed their thanks to the Pre-School Staff, who took on the task of keeping the rear half of the building safe by taking over the cleaning etc to enable the Covid Secure environment they required to keep Pre-School running Covid free during the rest of the year.

The finances at the end of the year appear to be in a very healthy state, partly due to receiving a very generous donation in memory of one of our past Church Members. Also due to the uncertainty in receiving income from weekly offering and hall use, we received a six month mortgage holiday on The Manse only paying interest on the loan for that period.

But mainly due to the value of weekly offering being maintained, by the vast majority of our congregation now using electronic banking for payments into the church’s bank account.

At the start of the pandemic we used different and unknown ways to communicate within the congregation.

Who would have thought you could hold virtual meetings and more importantly continue to gather together for prayer and worship over the wonders of Zoom.

Treasurers Report for Financial Year to 31st December 2020
2019 2020 Inc / Dec
Bank Balances 31st Dec 2020
Community Account (Current) 4167.22 10,801.82 6634.60
Business Premium (Deposit) 8317.3 20,004.63 11687.33
Total 12484.52 30806.45 18321.93

Business Premium Account

The £20,000 is made up of the following, £6000 Minimum amount to be held in church accounts as set by the trustees, £4000 Gift Day Money for new doors, which will be installed in February 2021, £10,000 donation in memory of one of our past members.

Surplus / Deficit 2019 2020 Inc / Dec
Income 63,572.49 £69,643.59 6,071.10
Expenditure 63,017.78 51,610.72 -11,407.06
Deficit / Surplus 554.71 18,032.87 17,478.16
Minus New Doors and £10,000 Donation 4,032.87

Surplus of £554.71 in 2019 received donations of £5,300.

For 2020 taking Donation of £10,000 and £4,000 set aside for new doors out of calculations.

Surplus of £4,032.87 in 2020 is due to £7,615.21 reduction in mortgage payments for 6 months of the year If mortgage had been paid for all the year there would have been a deficit of £3,582.34.

Main sources of income
2019 2020 Inc / Dec
Offering without Gift Aid 16,281 13,388 -2,893
Offering with Gift Aid 19,096 20,019 923
Hall Use 12,315 11,744 -571
Gift Aid Return from HMRC 6,904 7,874 970

Offering without Gift Aid decrease would have been even greater if it were not for cheques received Offering with Gift Aid increase mainly due to giving transferring to the envelope scheme and or changing to standing order, when I asked if I could claim Gift Aid

Reduction in Hall income, in 2019 Pre-School, Brownies and Rainbows used the hall. In September 2019 Brownie Pack closed and from March 2020 Pre-School given sole use of hall due to Covid 19 Bubble Regulations.

HMRC Gift Aid increase due mainly to Gift Day money that Gift Aid could be claimed on

Manse Purchase January 2017 Barclays Bank Mortgage

January 2017 Mortgage of £251,800 for purchase of the church manse

Balance remaining at end of December 2020 (fourth year of five year term) £207,317

2019 2020 Inc / Dec
Interest and Repayment Amount 22,124 14,508 -7,616
Total Remaining figure 213,758 207,317 -6,441

Six months of 2020 the church had a Mortgage Holiday because of the uncertainty of our income due to the Covid Restrictions. This meant that for the six months only interest and no repayment, was paid

on the mortgage. Resulting in £7,616 in reduced mortgage payments.

With the Fixed Term Mortgage on the Manse ending at the end of 2021, the mortgage will need to be renegotiated later this year.

Interest Free Loan for Purchase of the Manse

There is also the £40,000 interest free loan from one of the church members to be repaid.

Examples of Expenditure
2019 2020
Donations
Lighthouse 500
Missions Sunday Leprosy Mission 385
Missions Sunday Transitions UK 400
Hazlemere Widmer End Good Neighbours 660 660
2019 2020 Inc / Dec
Manse Expenses
Including Council Tax, Water Rate
Broadband and Telephone
Repairs and Renewals 2,897 3,314 417
Staff Costs 2019 2020
Including
Stipend, Ministers Expenses,
Visiting Preachers 19,721 20,510 789
Church Repairs and Renewals 2,935 1,325 -1,610

Hazlemere Free Methodist Church

Profit and Loss Report

01 January, 2020 - 31 December, 2020

Sales
Cash offerings no gift aid (10002) 13,388.90
Christmas Donations to OpChChild (10041) 140.00
Church Lunches (10020) 183.00
Donations (10023) 10,440.09
Donations Gift Aid (10035) 1,000.00
Gift Day (Not Gift Aid) (10036) 1,079.91
Gift Day (GIFT AID (10037) 2,201.00
HMRC Gift Aid (4011) 7,874.43
Hall rental (10004) 11,744.00
Harvest Donation for WWA (10040) 220.00
Insurance Claims (4930) 287.12
Licence April Cottage (10034) 300.00
Offerings with Gift Aid (10000) 20,019.00
Other income (4900) 13.94
WRU Pension Contribution (10026) 680.00
Wednesday Fellowship (10021) 72.20
Total Sales £69,643.59
Direct Expenses
Church Presentation Costs (10007) 308.97
Donations (10005) 910.00
Pension Costs (10018) -36.25
Sunday School Expenses (10006) 26.68
WRU Assessment (10030) 943.50

19 Aug 2021 15:11

Page 1 of 3

WRU Pension Contribution to NEST (10039) 680.00
Wednesday Fellowship (10033) 20.00
Total Direct Expenses £2,852.90
GROSS PROFIT / LOSS £66,790.69
Overheads
Accountancy Fees (7611) 915.00
Bank charges & interest (7900) -6.33
Catering (10027) 142.38
Cleaning (7810) 792.88
Cleaning Materials (10024) 301.36
Contact Magazine (10029) 7.72
Employer's Pension (7007) 587.05
Energy (7200) 1,725.63
General expenses (8200) 97.03
Insurance (7610) 854.19
Kitchen Running costs (10022) 116.71
Manse Expenses (10019) 3,601.00
Manse Purchase (10014) 14,508.95
Marketing (6200) 215.00
Ministers Expenses (10025) 118.84
Motor (7300) 660.00
Office costs (7500) 2,385.67
Professional fees (7600) 411.22
Quiet Day (10038) 66.95
Repairs and renewals (7800) 1,325.22
Staff (7000) 19,569.96
Visiting Preachers Expenses (10028) 150.00
Water Rates (7110) 158.63
Total Overheads £48,705.06

19 Aug 2021 15:11

Page 2 of 3

NET PROFIT / LOSS £18,085.63

19 Aug 2021 15:11

Page 3 of 3

REGISTERED CHARITY NUMBER: 1132405

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR HAZLEMERE FREE METHODIST CHURCH

TaxAssist Accountants 126 Southdown Road Harpenden Herefordshire AL5 1QQ

HAZLEMERE FREE METHODIST CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 8
Detailed Statement of Financial Activities 9

HAZLEMERE FREE METHODIST CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1132405

Principal address

67 Ashfield Way Hazlemere High Wycombe HP15 7RL

Trustees

Nigel Carpenter Kathy Dawkings Stephen P Cossins Michelle Y Rouyer -Guillet Jo Morton Clive Glithero Debbie Carpenter

Independent examiner

TaxAssist Accountants 126 Southdown Road Harpenden Herefordshire AL5 1QQ

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk 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.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................. Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAZLEMERE FREE METHODIST CHURCH

I report on the accounts for the year ended 31 December 2020, which are set out on pages three to eight.

Responsibilities and basis 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 2011 ('the Act').

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. that accounting records were not kept as required by section 130 of the Act; or

  2. that the accounts do not accord with those records; or

  3. that the accounts do not comply with the accounting requirements of the Act; or

  4. that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

TaxAssist Accountants 126 Southdown Road Harpenden Herefordshire AL5 1QQ

Date: .............................................

Page 2

HAZLEMERE FREE METHODIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

2020
Unrestricted
fund
Notes
£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
68,597
Investment income
2
6
Total incoming resources
68,603
RESOURCES EXPENDED
Charitable activities
Charitable activity
56,580
NET INCOMING RESOURCES
12,023
RECONCILIATION OF FUNDS
Total funds brought forward
180,192
TOTAL FUNDS CARRIED FORWARD
192,215
2019
Total
funds
£
61,874
10
61,884
56,352
5,532
174,660
180,192

The notes form part of these financial statements

Page 3

HAZLEMERE FREE METHODIST CHURCH

BALANCE SHEET AT 31 DECEMBER 2020

2020
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
4
412,395
CURRENT ASSETS
Cash at bank
30,807
CREDITORS
Amounts falling due within one year
5
(65,793)
NET CURRENT ASSETS/(LIABILITIES)
(34,986)
TOTAL ASSETS LESS CURRENT LIABILITIES
377,409
CREDITORS
Amounts falling due after more than one year
6
(185,194)
NET ASSETS
192,215
FUNDS
7
Unrestricted funds
192,215
TOTAL FUNDS
192,215
2019
Total
funds
£
424,765
12,484
(65,423)
(52,939)
371,826
(191,634)
180,192
180,192
180,192

The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 4

HAZLEMERE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

INCOMING RESOURCES

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

RESOURCES EXPENDED

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property - 50 years Improvements to Property - 20 years

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

2020 2019
£ £
Investment income 6 10

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019 .

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019 .

Page 5

HAZLEMERE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020

4. TANGIBLE FIXED ASSETS

Freehold
Improvements
property
to property
£
£
COST
At 1 January 2020 and 31 December 2020
361,181
102,924
DEPRECIATION
At 1 January 2020
21,672
17,668
Charge for year
7,224
5,146
At 31 December 2020
28,896
22,814
NET BOOK VALUE
At 31 December 2020
332,285
80,110
At 31 December 2019
339,509
85,256
5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
£
Trade creditors
41,630
Taxation and social security
893
Other creditors
23,270
65,793
6.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020
£
Bank loans
185,194
7.
MOVEMENT IN FUNDS
Net movement
At 1.1.20
in funds
At
£
£
Unrestricted funds
General fund
180,192
12,023
TOTAL FUNDS
180,192
12,023
Totals
£
464,105
Totals
£
464,105
39,340
12,370
51,710
412,395
424,765
2019
£
41,541
648
23,234
65,423
2019
£
191,634
2019
£
41,541
648
23,234
65,423
31.12.20
£
192,215
192,215

Page 6

HAZLEMERE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
Resources
Movement in
resources
expended
funds
£
£
£
Unrestricted funds
General fund
68,603
(56,580)
12,023
TOTAL FUNDS
68,603
(56,580)
12,023
Comparatives for movement in funds
Net movement
At 1.1.19
in funds
At 31.12.19
£
£
£
Unrestricted Funds
General fund
174,660
5,532
180,192
TOTAL FUNDS
174,660
5,532
180,192
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
Unrestricted funds
General fund
61,884
(56,352)
5,532
TOTAL FUNDS
61,884
(56,352)
5,532
A current year 12 months and prior year 12 months combined position is as follows:
Net movement
At 1.1.19
in funds
At 31.12.20
£
£
£
Unrestricted funds
General fund
174,660
17,555
192,215
TOTAL FUNDS
174,660
17,555
192,215
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
Unrestricted funds
General fund
68,603
(56,580)
12,023
TOTAL FUNDS
68,603
(56,580)
12,023
Comparatives for movement in funds
Net movement
At 1.1.19
in funds
At 31.12.19
£
£
£
Unrestricted Funds
General fund
174,660
5,532
180,192
TOTAL FUNDS
174,660
5,532
180,192
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
Unrestricted funds
General fund
61,884
(56,352)
5,532
TOTAL FUNDS
61,884
(56,352)
5,532
A current year 12 months and prior year 12 months combined position is as follows:
Net movement
At 1.1.19
in funds
At 31.12.20
£
£
£
Unrestricted funds
General fund
174,660
17,555
192,215
TOTAL FUNDS
174,660
17,555
192,215
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
Unrestricted funds
General fund
68,603
(56,580)
12,023
TOTAL FUNDS
68,603
(56,580)
12,023
Comparatives for movement in funds
Net movement
At 1.1.19
in funds
At 31.12.19
£
£
£
Unrestricted Funds
General fund
174,660
5,532
180,192
TOTAL FUNDS
174,660
5,532
180,192
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
Unrestricted funds
General fund
61,884
(56,352)
5,532
TOTAL FUNDS
61,884
(56,352)
5,532
A current year 12 months and prior year 12 months combined position is as follows:
Net movement
At 1.1.19
in funds
At 31.12.20
£
£
£
Unrestricted funds
General fund
174,660
17,555
192,215
TOTAL FUNDS
174,660
17,555
192,215
£
5,532
5,532
31.12.20
£
192,215
192,215

Page 7

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020

HAZLEMERE FREE METHODIST CHURCH

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement in
resources expended funds
£ £ £
Unrestricted funds
General fund 130,487 (112,932) 17,555
TOTAL FUNDS 130,487 (112,932) 17,555

Page 8

HAZLEMERE FREE METHODIST CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

INCOMING RESOURCES
Voluntary income
Donation & legacies
Investment income
Investment income
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Running cost of the church
Minister and visiting preacher
Church services and Sunday Sch
Donation paid
Manse expenditure
General administration costs
Total resources expended
Net income
2020
£
68,597
6
68,603
6,417
20,276
944
910
24,451
3,582
56,580
56,580
12,023
2019
£
61,874
10
61,884
8,762
16,317
2,802
825
24,039
3,607
56,352
56,352
5,532

This page does not form part of the statutory financial statements

Page 9

Virtual Cabinet Portal Digital Signatures

Digital Signature Verification

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Signature Dates and Times

All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:

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Signature 1

Signed by Nigel Carpenter using authentication code ZjEuYnAqWlQmUi5C at IP address 86.131.18.168, on 2021/09/14 17:32:52 Z.

Nigel Carpenter's e-mail address is: officerhfmchurch@gmail.com.

Nigel Carpenter added the following comments:

"Signed electronically by N Carpenter 14th September 2021"