Charity reglstration number 1133870 SHIRLEY METHODIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
SHIRLEY METHODIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Caroline Hague John Adams Julian Bache Louis Beaumont Ann Butler Jill Dunwoody Gina Fletcher Jean Hamilton Stuart Hollis Ruth Low Pat Lowe Jean Meeson Nicholas Mund Margaret Pike stella Staight Bill Russell Hilary Wlson Barbara Boffey Charity number 1133870 Independent examiner Thomas and Young Limited Carleton House 266-268 Stratford Road Shirley Solihull B90 3AD
SHIRLEY METHODIST CHURCH CONTENTS Page Trustees report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 9-17
SHIRLEY METHODIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their annual report and financial statements for the year ended 31 August 2024. The financial statements have been prepared in accordance wrth the accounting policies set out in note 1 to the financial statements and comply with the Charity's goveming document, the Charities Act 2011 and "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 (FRS 102)" (effective 1 January 2019). Objectlves and activftles The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of the Christian farth in accordance with the doctrinal standards and the discipline of the Methodist Church- any charitable purpose for the time being of any Connexional, district, circuit, local or other organisation of the Methodist Church- any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; any purpose for the time being of any charty being a charity subsidiary or arIllary to the Methodist Church. The Mission Statement of Shirley Methodist Church The calling of the Methodist Church is to respond to the gospel of God's love in Christ, and to Itve out our discipleship in worship and mission. Our purpose is: Worship= Celebrating God's activity in our lives, the church and the worfd. Outreach: Caring for and supporting individuals and communities. Welcome.. Embracing all in spiritual and social activities. In addition, we endorse a statement suggested by the Inclusive Church network. We believe in inclusive Church - Church which does not discriminate on any level, on grounds of economic power, gender, mental health. physical ability. age, race, neurodiversity or sexuality. We believe in Church which welcomes and serves all people in the name of Jesus Christ- which is scripturally faIth1- which seeks to proclaim the gospel afresh for each generation- and which, in the power of the Holy Spirit, allows all people to grasp •W wide and long and high and deep is the love of Jesus Christ. Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and perfonnance Signrficant activities and achievements against objectives Our Church buildings face directly onto the High Street {strattord Road) in Shirley and are therefore ideally placed to serve the local community in Shirley. The Church buildings consist of a foyer area with adjacent main worship space, chapel and a coffee shop with servery (these were all completed in 1994}. In addition, there are halls, a smaller function room, a church office and a kitchen. The Church premises are extensively used by both Church groups and extemal groups throughout the week. The chapel is available for private prayer when the coffee shop is open.
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Regular Servlces Morning Family Worship (Sunday momings) Wednesday Moming servi {'Make Wednesday Special,) In addition, there are occasional 'special services, including a very popular Christingle SeNice at Christmas. The Church is also used by the Birmingham Methodist Circuit for joint seniices and occasionally by the national Methodist Church e.g. Ordination Services. A thriving congregation of the Global Mission Church (Cantonese speaking church of Hong Kong Nationals) now meets in our Worship Space on Sunday afternoons. Church Groups include: Church Choir (which supports worship on Sunday mornings and at special services) Bowling Club Boys Brigade and Girls Association Bible Study Group Guide group (although strictly not a Church group, it nevertheless is part of our community and ta(es part in church activities.) Pastoral Support In common with many Methodist Churches, we operate a system of pastoral support whereby every member of the congregation is linked to a pastoral visitor who will ensure that members are kept in touch with wha is happening in Church and is able to offer fijrther support if needed. The Church holds some money in a Benevolent Fund which can provide small cash payments for anyone in particular need (at the discretion of the Minister). Octagon Coffee Shop The Church's Octagon Coffee shop is open on five momings per week. It is run entirely by volunteers and provides a welcoming environment to all. serving hot drinks and snacks at moderate prices. We are a Fairtrade Church and all tea. coffee and sugar used in the coffee shop and by Church groups carries the Fairtrade logo. Other Groups which meet on Church premises The church buildings are in demand throughout the week by extemal groups. Charities which use the premises include ALANON. Alzheimer's support group and the Macular Society. Other social groups include Shirley Photographic Club. VVI, U3A. Quilters, dance and yoga groups and toddler groups. The main yrShiP space provides an excellent acoustic for conrtS and is used by both Church groups and other local musical groups Church Window Our window facing the High Street has provided an ideal opportunity to present displays with positive and uplifting messages to members of our community, even if they do not cross the threshold of the church building These have included displays for festivals and special services in the church's calendar as well as marking national events such as the Jubilee.
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charttable donatlons During the year 2022-23 approximately £5,000 was raised for extemal charities including All We Can (the Methodist Relief & Development agency). Action for Children, Methodist Homes, Leprosy Mission, and Christian Aid. We also act as a drop-off point for donations to a local food bank. {Note: some of the money will have been sent directly to the Charity so will not appear in the accounts). Eco Church Shirley Methodist Church supports the Eco Church movement. At present we are a bronze award hold and are wotl(ing towards silver. We include articles on eco matters to promote better practi in our monthly newsletter, and we facilitate the recyding of 'difficult' items such as blister packs, plastic pens, and old spectacles Ecumenical Partnerships The Church continues to be an active partner in Shirley Churches Together. The Churches cooperate with publicity in the local press at major festivals. There are joint events such as Good Friday Walk of Wtness arnl the churches are regularly linked by Prayer Envoys. Safeguarding Shirley Methodist Church commits it*lf to ensuring the implementation of Connexional Safeguarding Policy, govemment legislation, guidance and safe practice within our Church premises. There is a safeguarding officer appointed by Church Council. Financial review The financial statements show a surplus for the year of £5,037 {2023: £8,025 deficit), and the total fund balance at 31 August 2024 was £84,276. During the year legacies totalling £Nil were received (2023.. £Nil).
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Resenies policy The Church needs to hold reserves primarily to manage the funds passing through its accounts. On the expenditure side there are a number of substantial items that arise and are settled on a quarterly basis, whilst on the income side offerings, room hire and Gift Aid tax relief claims vary widely month to month. Secondly, reserves are held to provide for funds for future projects to develop the work of the Church andlor maintain or improve Ihe fabric and facilities of the Church buildings. As Trustees, the members of Church Council believe that the Church should seek to hold, in the Gereral Fund, primary resenies of £30,000. The secondary reserves, held in the Designated Funds, arise from surpluses transferred from the general operations of the Church plus individual substantial donations and legleS received from time to time. The size of such reseNes varies over time because of the nature of the income and also the adoption of particular projects. These typically see work to raise ndS prior to the project being undertaken and the costs incurred. These reserves are also held against unforeseen contingencies. The target for secondary reserves is a further sum equal to that for the primary reSee$. For the year to 31 August 2024 annual expenditure totalled £116,678 and the reserves held stood at £40,897 in the Unrestricted Fund and a further £43,379 in the Restricted Funds. The Restricted Funds received a substantial legacy in the year 2013 and this is being used to fund developments over a few years. The position on reserves is reviewed in quarterly figures and this policy will be formally considered in the preparation of the annual accounts each year. The Future The cost of living crisis following the outbreak of the Ukraine conflict has been a challenge, with fvel costs being a particular COnrn. However at the present time, the Church's finances are in a satisfactory position with cash reserves in excess of our advised minimum of £40,000. We pray for God's guidance as we seek a way forward. and that Shirley Methodist Church will continue to be a hub of activity on the Shirley High Street in our community. Major risks The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The governing document for the Church is the Deed of Union (1932) and the Methodist Church Ad (1978). Detailed governan arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the Church is undertaken by the Church Leadership Team along with the Minister.
SHIRLEY METHODIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees who served during the year and up to the date of signature of the financial statements were.. Caroline Hague John Adams Julian Bache Louis Beaumont Ann Butler Jill Dunwoody Gina Fletcher Jean Hamilton Stuart Hollis Ruth Low Pat Lowe Jean Meeson Nicholas Mund Margaret Pike Stella Staight Bill Russell Hilary Wlson Barbara Boffey Recnjitment and appointment of tnjstees The Trustees are appointed at the AGM of the Church. A range of guidance by the Methodist Connexion to support the effective running of the Church and the role of Trustees is given to the Church Trustees at various meetings andlor training sessions The Trustees report was approved by the Board of Trustees. Caroline Hague Minister L'mal- 2
SHIRLEY METHODIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIRLEY METHODIST CHURCH I report to the Trustees on my examination of the financial statements of Shirtey Methodist Church (the Charty) for the year ended 31 August 2024. Responslbilities and basls of report As the Trustees of the Charty you are responsible for the preparation of the financial statements in accordance with the requirements of the CharitiesAct 2011 (the 2011 Act). I report in respect of my examination of the Charity's financial ststements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accorda with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities= Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understsnd that this has been done in order for financial statements to provide a true and fair view in accordance with Generally ACpted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect". accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act" or the financial statements do not accord with those records" or the financial statements do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. James Carty FCA CA Thomas and Young Limited Carleton House 266-268 Stratford Road Shirley Solihull B90 3AD Dated..I$.....•qw
SHIRLEY METHODIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restrlcted funds funds 2023 2023 Totsl 2024 2023 Notes Income from: Donations and legacies Other trading activities Investments 76.212 44,776 132 76,212 44,776 727 81,541 27,071 133 81,541 27,071 463 595 330 Total income 121,120 595 121,715 108,745 330 109,075 Expenditure on". Raising funds Charitable activities Other expenditure 1,632 111,314 3,732 1,632 111,314 3,732 3,215 111,005 2,880 3,215 111.005 2,880 11 Total expenditure 116.678 116,678 117,100 117,100 Net incomel(expenditure) and movement in funds 4,442 595 5,037 (8,355) 330 (8,025) Reconciliation of funds: Fund balances at 1 September 2023 36,455 42,784 79,239 44,810 42,454 87,264 Fund balances at 31 August 2024 40,897 43,379 84,276 36,455 42,784 79.239 The statement of financial ath'vities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
SHIRLEY METHODIST CHURCH BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Notes Flxed assets Tangible assets 13 12,849 19,292 Current assets Debtors Cash at bank and in hand 14 32,964 40,413 23,900 39.863 73,377 63,763 Creditors: amounts falling due within one year 15 (1,950) (3,816) Net current assets 71,427 59.947 Total assets less current liabilities 84,276 79,239 The funds of the Charity Restricted income fvnds Unrestricted fijnds 16 17 43,379 40,897 42,784 36,455 84,276 79,239 The finanaal statements were approved by the Trustees on ................. Caroline Ft Minister gue
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting polScies Charlty Infomiatlon Shirley Methixlist Church is a registered charity. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Charity's [goveming document], the Charities Act 2011, FRS 102 °The Financial Reporting Stsndard applicable in the UK and Republic of Ireland. {"FRS 102.} and the Charities SORP "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 (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historrcal cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the fanCIal statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable fvture. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted fvnds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the Charty 1.4 Income Income is recognised when the Charity is legally entitled to it after any perfomance conditions have been met, the amounts can be measured reliably, and it is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheise if the Charity has been notified of an impending distribution, the amount is thown, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policies {Contlnued 1.5 Expenditure Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefrts will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classffjied by activity. The costs of each activity are made up of the total of dIrt costs and shared costs. including support costs invotved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases-. Plant and equipment 33.3 % and 200kn staright line method The gain or loss arising on the disposal of an asset is detemined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the ststement of financial activities. 1.7 Impaimient of fixed assets At each reporting end date. the Charity reviews the carrying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indution exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnancial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instwments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charty becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 10-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policles Icontlnued Basic financial Ilabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordInV course of operations from suppliers. Amounts payable are classrfied as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri and subsequently measured at amortised cost using the effedive interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eskn'mates are recognised in the period in which the estimate is revised where the revision affects (nly that period, or in the period of the revision and fijture periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 76,212 81,541 Donatlons and gifts Offering Plate Other donations Standing order Gift Aid Octagon Coffee Shop Benevolent Fund 4,590 4,352 42,160 10,000 15,110 4,174 10,199 41,782 13,000 12,192 194 76,212 81,541 11
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from other tradlng activitles Unrestricted Unrestrlcted funds funds 2024 2023 Letting and licensing arrangements 44,776 27,071 Income from investments Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Interest receivable 132 595 727 133 330 463 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Seeking donations, grants and legacies 1,632 3,215 12-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendltur• on charltable actlvltles Heading
ac982
2024 Heading
ac982
2023 Direct costs Staff costs Depreciation and impairment Circuit Assessment Telephone Organist and Music Preachers expenses Licences Tv Cleaning and materials Heat, Light and water Insurance Miscellaneous Bank charges Building repairs and renewals Stationery,postage and computer costs 22,177 6.444 39,999 1.679 180 1,360 130 3,431 22,690 4.416 4,024 340 4,266 178 22,031 6.454 40,201 1,506 270 74 731 2,372 18,777 4.225 2,443 374 10,320 1,227 111,314 111.005 Analysis by fund Unrestricted fvnds 111,314 111.005 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting)= Depreciation of owned tangible fixed assets 6.454 Trustees None of the Trustees (or any persons connected with them) received any remuneration or beneffts frcmn the Charity during the year. 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total 13-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Employees (Continued) Employment costs 2024 2023 Wages and salaries 22,177 22,031 There were no employees whose annual remuneration was more than £60.000. 11 Other expenditure Unrestricted Unrestricted funds funds 2024 2023 Other expenditure 3,732 2,880 12 Taxation The charty is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tangible fixed assets Plant and èquipment Cost At 1 September 2023 64,636 At 31 August 2024 64,636 Depreciation and impaimient At 1 September 2023 Depreciation charged in the year 45,343 6.444 At 31 August 2024 51,787 Carrying amount At 31 August 2024 12,849 At 31 August 2023 19,292 14-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 23,000 9,964 13,000 10,900 32,964 23,900 15 Credltors: amounts falllng due wtthin one year 2024 2023 Accruals and deferred income 1,950 3,816 16 Restricted funds The restricted fijnds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At1 September 2023 Incoming At 31 August resources 2024 Contingencies Fund Benevolent Fund Model Trust Fund 30,851 309 11.624 30,851 309 12,219 595 42,784 595 43,379 Prevlous year: Incoming At 31 August resources 2023 September 2022 42,454 330 42,784 15-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 Unr8Strfct6d funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 September 2023 Incomlng resources Resources At 31 August expended 2024 General fvnds 36,455 121,120 (116,678) 40,897 Previous year: At1 September 2022 Incoming Resources At 31 August resources expended 2023 General funds 44.810 108,745 {117,100) 36,455 18 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 August 2024: Tangible assets Current assetsl{liabilities) 12,849 28,048 12,849 71,427 43,379 40,897 43.379 84,276 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 August 2023: Tangible assets Current assetsl{liabilities) 19,292 17,163 19,292 59,947 42,784 36,455 42,784 79,239 19 Related party transactions 16-
SHIRLEY METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Related party transactlons Icontlnued) During the year, the following Trustees of the church recovered costs incurred on behalf of the church for goods and services amounts'ng to: Steve Bache £Nil (2023.. £731) Bill Russell £1,168 (2023.. £65) Julian Bache £548 (2023: £160} Keith Lovell £125 (2023.. £125} Ann Butler £263 (2023.. £1,378) Rev Caroline Hague £225 (2023: £Nil) G K Lowe £Nil (2023: £314) Hilary Wlson £Nil (2023.. £32) J Dunwoody £80 (2023: £322) 17-