CHURCH RECEIPTS AND PAYMENTS ACCOUNTS
THE METHODIST CHURCH
STANDARD FORM OF ACCOUNTS
Wolstanton Methodist Church
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Church
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FOR THE YEAR ENDED
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31 August 2021
North Staffordshire Circuit ester __| 11/22
- Charity Charity Registration number 1134044
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Registered Charity - Charity Charity Registration number
lf not a registered charity Her Majesty's Revenue and Customs Gift Aid number
(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242)
Minister:
Rev'd John PALMER
Church Stewards:
Mr Paul SMITH Mrs Doreen SMITH
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Mrs Avril POYNER Mr David ROBINSON
Mr Richard ANDERSON Miss Mary BATEMAN
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Treasurer:
Church R and P 2015.xls
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ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
Wolstanton is Methodist Church
Church
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Totals|this|Totals|last|
|SECTION|A|Funds|Funds|year|year|
|RECEIPTS|aee||ee|
|Offerings and Tax recovered|||51,520]|600]!52,120)|+||_53,099)|
|Bank|and|CFB|interest|and|
|a3||Investment|income|78|
|aa|tetings||CC|Lg|
|a5|otnerreceipts|||6123]|2,985]||9,108|52,780|
|as |TOTAL RECEIPTS||sd|si857,721]|3,744]|61,461] (a7)]]|109,340|
|SECTION|B|
|PAYMENTS|
|b2|circuitFy|Assessment|or Share||=| S529] ~—Ss||42,529]|= [_38,520|
|b4 [Repairs| and Maintenance|||[43,328]]|||43,328)ee«|=)|[4.652]|
|Utilities|(Insurances,|water|
|charges,|heating|&|lighting)|7,516|7,516|
|b6|Git AiWGASDS onExtemalrunds||||So] StS]|||
|b7bg [Other |TOTAL payments PAYMENTS|||L874]72,142]|4,374]4,374]|13,085]76,483](b9)]]|15,184)70,417|
|SECTION|C|
|C1||FOR THE YEAR|(a6-b8)|
|Total|funds|brought|forward|from|
|co|['ast year|59,882|||124,805|85,882|
|Sub total|(ct+c2)|||50,531]|59,252/||109,783|424,805|
|4|[Transfers|and adjustments|Tr)|2) ||
|TOTAL FUNDS AT END OF YEAR|(c3+c4)|||50,419]|59,364]||109,783]|(c8)]]|124,805] (cé)||
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SECTION D
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
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(these amounts are not to be included in total receipts/payments figures above) £ £
d1 Balance brought forward from last year NIL NIL
Offerings/Gifts - received for external organisations | nal
[STILL] [TO] [BE] [PAID] (d1+d2-d3)
ed Offerings/Gifts [BALANCE] - passed to external organisations | al
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Church R and P 2015.xls
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Wolstanton Methodist Church _ Church
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SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTING TO THE CHURCH COUNCIL
ee Notes to complete this page
Summary of the Church accounts for the year ended 31 August 2021 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an
Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed
to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A
DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected
District Organisations.
INTERNAL ORGANISATIONS Receipts Payments Payments Adjustments balances Closing balances
0 fr fe Oe
5 | Ore Cs Os
os} EU UE EE
2) | fe fs Oe Ge
ub total of Interna’
e8 |Organisations funds (e11
Church accounts (totals
brought forward from page 2
e9 |- totals column) a7 76,483] (b9) (c7) 124,805 109,783
woforcnurcnOTAI ASH FUNDS |H D |eraer_f|__7eea] |__aso2a] | 124967](of{ 109,945]|
Continue on a separate sheet if TOTAL
necessary and bring the totals TOTAL RECEIPTS PAYMENTS
forward
rm a Bk a a ee ne commer er en EE ES A EE TE TL RE
SECTION F
STATEMENT OF ASSETS AND LIABILITIES
OPENING CLOSING
CHURCH - CASH FUNDS HELD at 31 August 2021 BALANCES BALANCES
, oe Li
2 lank Curent Account | a,365| 7,936
: 2,786] asoretin mst 3,386
f4|Central Finance Board 59,259 General & Modernisation 43,809
£5 |Trustees for Methodist Church Purposes 54,395 54,766
ee
SUB TOTAL - Church accounts 124,805 109,783
Total funds held by Internal Organisations (the closing
balance total from above) (e12) (e12
SEee er ere cS a I," RE EE EE ES
1 September 2020 31 August 2021
OTHER ASSETS and LIABILITIES
g1_|Investments (include Endowments
Iona eaten i
g2 |Land & Buildings (see notes re Insurance value
N
g4 |Loan(s) - show amount outstanding at year end
25 |Other Liabilities
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4 Include only Funds held at the Central Finance Board
f5 Include only Funds held at Trustees for Methodist Church Purposes
g1 Include any other investments (not the cash element of TMCP trusts accounts this is included in line f5
2015 Church R and Pxls
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Name of Church .. Wolstanton Methodist Church
Declarations and Scrutiny
| confirm that these Receipt and Payment based accounts for the year to 31 August 2021 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees.
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Signature of treasurer cere CPN GIO ce pat... 28/10] 202 y
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Name and address of treasurer ........ Mrs Elizabeth Shannon
1 Lovatt Avenue, Newcastle, Staffs ST5 9AD
Presentation to the Church trustees
| confirm that the annual report and accounts for the year ended 31 August 2021 were/willbe* presented to the meeting of the Church trustees held on or Siero BOOZ2 _.
Signature of the Chair of the meeting Se Name of the Chair of the meeting [AA 2ASEA.Nees Date A\ 2\2e22. Sw qv eta
Independent Examiner’s Report to the Trustees of the
WOLSTANTON METHODIST CHURCH
Charity Number .. 1134044
Responsibilities and basis of report
| report to the trustees on my examination of the accounts of the Wolstanton Methodist Church for the year ended 31 August 2021 set out on pages ... to .... As the Church’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Church’s accounts carried out under section 145 of the Act and, in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
- delete or circle as appropriate
2015 church R and P.xis
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Name of Church .. WOLSTANTON METHODIST CHURCH
Independent Examiner’s Statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which give me cause to believe that in, any material respect:
e the accounting records were not kept in accordance with section 130 of the Act; or e the accounts do not accord with the accounting records. [the [the
| 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 accounts to be reached.
| have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.
Signature of independent examiner KI QOUWIE ec ccceeceeeeeeeeeeeeteee Name of independent examiner cee Beavis SAA IEG Mie carci sretninstioeniosincin ss Relevant professional qualification of independent examiner ... KANN Piss ccecvsvasaniwsasinewessiey
Nameoffirm (where appropriate) ............ 0.0 ccc ccc ccc ccc cec cee cee eee cee eee eee nen asses eaeeeeeeeueceeeeneneeas
Address BA. M2. Wey. WCW, MeWICOSHE < Onder.-. LyIMO.occc Minh hii minima waa Te eee $15... 3F6
Date vee €@BINIZ0292...
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RESERVES POLICY of WOLSTANTON METHODIST CHURCH (*Church Council)|/Circuit Meeting||/District||)
iP General Funds held at Y/E 31/08/2021 £50,419 2.Restricted Funds held“ (£59526 3. EndowmentFunds held“ 4. Reserves policy for General Funds We aim to hold £40,000 in our General Fund to cover 6 months expenditure. The reason for this is as follows:1. One month's average expenditure as working capital to cover normal running costs. 2. One month's average expenditure to cover general maintenance which is funded by general funds.
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Within the General Fund are funds awaiting property repairs and maintenance to the Church property of some £10,000
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Within the General Fund monies there are funds held totalling £754 which are already allocated for use (Benevolent Fund £310, Mission & Outreach £444 5. Policy for Restricted Funds Restricted funds of £59.526 are held as follows:. (i) Organisations funds held within Church Accounts total £ 1,131 Cash held by organisations (included in accounts) £ 162 (ii) Various bequests held in TMCP account for future redevelopment £ 54,766 (iii) Fundraising is ongoing for further redevelopment and funds currently held are £ 3,467
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6. Terms relating to Endowment Funds held
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This Reserves Policy has been approved by CH ov Rc#H CovNne!e
(Church Councill)/Circuit Meeting||/District{])
Full name Mrs Elizabeth Shannon Full Name Rev'd Elizabeth Singleton
Signed: Petia. Signed: FO =XStir,
— Oe
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ReportP on behalf of
WOLSTANTON METHODIST CHURCH
(*Church Council/ Circuit Meeting/District)
To
North Staffordshire Circuit Meeting (*Circuit Meeting/District/Resourcing Mission Office)
We submit our annual report in accordance with the requirements of the of the the Methodist Conference and and the Charities SORP.
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We submit our annual report in accordance with S ; Soe the requirements of the of the the Methodist Conference and and (iii) We have agreed a Reserves Policy which is the Charities SORP. set out overleaf and is recorded in the trustees’ minutes and our Annual Report
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(1) | The trustees have established their mission , ; aims taking into account all of the resources (iv) We recognise the need to be accountableas available in terms of people, property and charity trustees for all the money which money comes into our hands and will provide further
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(ii) | Mission _ initiatives/projects have been informationCircuit/District/Connexionas required by _ the costed or estimates made of projected future costs which take into account the needs of (v) Our Report is attached overleaf the buildings and the requirements of the —> Quinquennial Inspection Report/s * please delete as appropriate
To be completed by ReceivingBody
The Circuit Meeting
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Circuit Meeting/District/Resourcing Mission Office received the RESERVES POLICY of
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North Staffordshire Circuit
- *Church Council/Circuit Meeting/District
Policy accepted and acknowledgement sent to the trustees
Policy noted and the following enquiries made of the trustees
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Responses received and any further action taken
Circuit/District/Resourcing Mission Office
SHGMACUIOS) — ccicissccssessarecanscerannccmeneenears nmin (DAB aaciccss
Please delete as appropriate
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1st SEPTEMBER 2020 - 31st AUGUST 2021
WOLSTANTON METHODIST CHURCH ACCOUNTS
| Opening Balances as at 01.09.20 | £ | Balances as at 31.08.21 | & |
|---|---|---|---|
| General Fund | 63292.53 | General Fund | 49690.43 |
| Benevolent Fund | 310.30 | Benevolent Fund | 310.30 |
| External Organisation Collections | 0.00 | External Organisation Collections | 0.00 |
| External Organisation GIFTAID | 0.00 | External Organisation GIFTAID | -25.00 |
| Mission& Outreach Fund | 443.55 | Mission& Outreach Fund | 443.55 |
| Stepping Stones | 1,268.65 | Stepping Stones | -220.41 |
| Wednesday Fellowship | 0.00 | Wednesday Fellowship | 0.00 |
| Wesley Guild | 1,174.13 | Wesley Guild | 1,174.13 |
| Cards | 177.56 | Cards | 177.56 |
| N Ridley Maternity Benefit awaiting payment | 876.46 | N Ridley Maternity Benefit awaiting payment | 0.00 |
| £67,543.18 | £51,550.56 | ||
| Represented By:- | Represented By:- | ||
| Opening Balances as at 01.09.20 | Balances as at 31.08.21 | £ | |
| National WestminsterCurrentAccount | 8,364.65 | NationalWestminsterCurrentAccount | 7,822.60 |
| National Westminster Reserve Account | 0.00 | National Westminster Reserve Account | 0.00 |
| Central Finance Board Deposit Account | 59,178.53 | Central Finance Board DepositAccount | 43,727.96 |
| Petty Cash | 0.00 | Petty Cash | 0.00 |
| £67,543.18 | £51,550.56 | ||
| OTHER ACCOUNTS HELD BY CHURCH | |||
| TRUSTEES METHODIST CHURCH PURPOSES ACCOUNT | |||
| Income | Lz | Expenditure | £ |
| Opening Balance 01.09.20 | 54,395.04 | Admin Charges | 34.98 |
| Interest | 155.78 | Legacieswithdrawn | 0.00 |
| Legacies | 250.00 £54,800.82 |
Closing Balance 31.8.21 | 54,765.84 £54,800.82 |
| MODERNISATIONSCHEMEACCOUNTS (National Westminster A/c & Central Finance Board A/c) | |||
| Opening Balances 01.09.20 | £2,866.71 | ||
| Income | £600.00 | ||
| Interest CFB | £0.11 | Closing balance as at 31.8.21 | £3,466.82 |
| £3,466.82 | £3,466.82 | ||
| (See page 4 | for details) | ||
| EXTERNAL ORGANISATION COLLECTIONS | |||
| Income | £ | Expenditure | £ |
| Opening Balance 01.09.20 | 0.00 | ||
| NCH Action for Children | 0.00 | NCH Action for Children | 0.00 |
| AllWeCan donations& boxes | 48.27 | AllWe Can | 48.27 |
| Harvest Envelopes for AllWe Can | 0.00 | ||
| Harvest Envelopes forAllWe Can GiftAid | 0.00 | Harvest Envelopes forAllWe Can | 0.00 |
| Easter Offering | 100.00 | ||
| Gift Aid & GASDS on Easter Offerings |
25.00 | Easter Offering | 125.00 |
| JMA | 139.41 | JMA | 139.41 |
| Shoebox Appeal | 205.00 | Shoebox Appeal | 205.00 |
| Donations Rev J Palmer | 945.00 | Donations RevJ Palmer | 945.00 |
| Donations Rev J Taylor | 352.00 | Donations Rev J Taylor | 352.00 |
| Closing Balance 31.8.21 | 0.00 | ||
| £1,814.68 | £1,814.68 |
WOLSTANTON METHODIST CHURCH ACCOUNTS
1st SEPTEMBER 2020 - 31st AUGUST 2021
OTHER CHURCH ACCOUNTS
| BENEVOLENT FUND | |||
|---|---|---|---|
| Income | £ | Expenditure | £ |
| Opening Balance 01.09.20 | 310.30 | Closing Balance 31.8.21 | 310.30 |
| £310.30 | £310.30 | ||
| EXTERNAL ORGANISATIONS GIFT AID | |||
| Opening Balance 01.09.20 | £0.00 | EasterOffering Gift Aid/GASDS (claim April 22) | £25.00 |
| Closing Balance 31.08.21 | £25.00 | ||
| ————_£9.00 | ——— £0.00 | ||
| MISSION & OUTREACH FUND | |||
| Income | £ | Expenditure | £ |
| Opening Balance 01.09.20 | 443.55 | Closing balance 31.8.21 | 443.55 |
| £443.55 | £443.55 | ||
| N.RIDLEY MATERNITY BENEFIT | |||
| Income | £ | Expenditure | € |
| 01.09.20 Maternity Benefit from HMRC |
Maternity Benefit paid | 2721.6 | |
| Awaiting payment | 876.46 | Maternity Benefit Handling fee | |
| Maternity Befefit received (inc handling fee) | 2024.57 | transferred to General Account | 67.29 |
| transferred to Stepping Stones | 112.14 | ||
| Closing Balance 31.08.21 | 0.00 | ||
| £2,901.03 | £2,901.03 | ||
| ORGANISATION FUNDS HELD WITHIN CHURCH | BANKACCOUNTS | ||
| CARDS | |||
| Income | £ | Expenditure | £ |
| Opening Balance 01.09.20 | £177.56 | Closing Balance 31.8.21 | £177.56 |
| £177.56 | £177.56 | ||
| STEPPING STONES | |||
| Income | £ | Expenditure | £ |
| Opening Balance 01.09.20 | 1,268.65 | ProjectWorkers salary& pension | 4336.08 |
| Maternity Benefit Handing fee | 112.14 | ||
| Furlough income ProjectWorker | 2,734.88 | Closing Balance 31.8.21 | -220.41 |
| £4,115.67 | £4,115.67 | ||
| WESLEY GUILD | |||
| Income | £ | Expenditure | £ |
| Opening Balance 1.9.20 | 1,174.13 | Closing Balance 31.8.21 | 1,174.13 |
| £1,174.13 | £1,174.13 |
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INCOME & EXPENDITURE COMPARISONS (Giving a guide to Income & Expenditure on the General Account)
:
| 1.9.19-31.1.20 | 1.9.20-31.1.21 | |||
|---|---|---|---|---|
| iNCOME | ||||
| —fromGiving | — — | |||
| £103.74 | £70.20 | £33.54 | ||
| lettings | £1,913.00 | £0.00 | -£1,913.00 | |
| Car Parkdonations | £1,006.00 | £810.00 | -£196.00 | |
| Donations byorganisations Fund Raising Events |
£1,018.75 £0.00 -£1,018.75 £1,266.49 |
£0.00] _~—s-£1,266.49 | ||
| £23,582.02 |
EXPENDITURE
| Circuit Assessment | £17,430.00; | £16,470.00 | £960.00 |
|---|---|---|---|
| PCC (£3486 Monthly) |
£3660Monthiy) | _ | *NoteDec20paidhalf-£1830 Administration £464.15 £279.49 £194.66 |
| Admin Sala | £1,492.50 | £1,542.25 | -£49.75 |
| Ruildings & Contents Insurance | #7974 44 | £7,977.4? | -£2.98 |
| General Property Maintenance | £572.60] £1,082.00 |
_—£631.16 | —-£58.56 £231.00 |
| Cleaners Salary & Pension Caretakers Salary & Pension |
£1,582.05 |
—s«£0.00] | £71.64 £3,352.83] |
| Miscellaneous | £243.76 £1,258.00 |
£292.64 £999.30 |
-£48.88 £258.70] *Refund rec'dSept £447 |
| Gas | £2,235.0U | £1,779.00 | £456.00 |
| £173.83 | £67.65 | £106.18 | |
| L__#£25,458.33) | £28,644.38) | £815.55) |
Expenditure over Income £5,876.21 £9,067,.68
GIFT AID / GASDS to be claimed at end of March - £10,000 last year, but likely to reduce this year as "cash" donations a i.e. a claim can be made (known as GASDS) where cash donations of £30 or less are received and cannot be claimed unde There is a CREDIT balance on gas & electric of £2,100