2023-08-31-accounts - West Midlands Methodist District

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Registered Charity number	Registered Charity number
1134167
Principal address
36Amesbury	Road
Moseley
Birmingham
West Midlands
813BLE
Trustees
Deacon A Allport
Rev I Ballard
Rev N Bishop		—appointed	25 January 2024
Ms 5 Clutterbuck
Mr P Dipple					—resigned 5 October 2023
Rev N Headley	(Chair)	—appointed	1September	2022
Rev D Kofge-Williams
Rev 5 Levett
Mr C Osborn
Mr T Pethick
Rev A Richards					—resigned 31August 2023
Rev 5Shortman		-appointed	1September	2022
Rev CSibanda		—appointed	1September	2023
Deacon M Slowe
Rev A Smith					—resigned 31August 2023
Ms 5Smith
Rev J Suray					—resigned 31August 2023
Rev JThornton
Ms J Tolley		—appointed	1September	2022
Rev P Warrey		-appointed	1September	2023
Mr H Watton		—appointed	1September	2022
Ms G Weller
Rev 5Willey		-appointed	1September	2022
Ms H Woodall
Auditors
J W Hinks LLP
Chartered Accountants
and Statutory	Auditors
19Highfield Road
Edgbaston
Birmingham
0153BH

								2023	2022
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
					Notes	E	E	E	E
INCOME AND	ENDOWMENTS		FROM
Donations and	legacies					588,423	1,611,058	2,199,481	1,065,099
Investment income						7,163	51,247	58,410	4,709
Total						595586	lp662~305	2p257p891	1,069,808
EXPENDITURE	ON
Charitable activities
Grants and donations							285,339	285,339	97,579
Contributions	to Methodist	Church		Fund		508,945		508,945	511,343
Other						77jl41	254,033	331,474	372,257
Total						586,386	539,372	1,125,758	981,179
NET INCOME						9,200	1,122,933	1,132,133	88,629
Transfers between funds					14	(3,000)	3,000
Net movement	in funds					6,200	1,125,933	1,132,133	88,629
RECONCILIATION OF FUNDS
Total funds brought forward						3,808,910	1,006,519	4,815,429	4,726,800
TOTAL FUNDS	CARRIED FORWARD					3,815,110	2,132,452	5,947,562	4,815,429

						2023	2022
		Unrestricted		Restricted		Total	Total
			funds		funds	funds	funds
	Notes		E		E	E	E
FIXEDASSETS
Tangible assets	11	3,750,000			452,922	4,202,922	3,750,000
CURRENT ASSETS
Debtors	12				14,007	14,007	14,289
Cash at bank			72,605	1,666,779		1,739,384	1,079,121
			72,605	1,680,786		1,753,391	1,093,410
CREDITORS
Amounts falling due within one year	13 85 15		(7,495)		(1,256)	(8,751)	(27,981)
NET CURRENT ASSETS			65,110	1,679,530		1,744,640	1,065,429
TOTAL ASSETS LESSCURRENT LIABILITIES		3,815,110		2,132,452		5,947,562	4,815,429
NET ASSETS		5.	,»,		,	5.9 .55	4.515,419

FUNDS
Unrestricted funds:
General Fund				49,840	43,146
Capital Revaluation	Reserve	Fund		3,750,000	3,750,000
Manse Major Repair Fund				15,270	15,764
				3,815,110	3,808,910
Restricted funds:
Distdct Advance Fund				943,139	828,913
Chaplaincy Fund				8,873	31,575
Mission and Youth	Fund			72,279	61,649
Safeguarding Fund				20,549	17,452
Adavu Fund					52,007
Benevolent Fund				4,148	4,185
Inclusive Gathering	Birmingham		Fund	12,562	5,998
Street Ecclesial Community		Fund		16,676	4,740
City Centre Fund				1,054,226
				2,232rl52	1,006,519
TOTAL FUNDS				5,947,562	4,815,429

				2023	2022
			Notes	E	f
Cash flows from operating	activities
Cash generated from operations				1,054,775	93,095
Net cash provided by operating activities				1,054,775	93,095
Cash flows from investing	activities
Purchase oftangible fixed	assets			(452,922)
Interest received				SB,410	4,709
Net cash (used in)/provided	by investing		activities	(394,512)	4,709
Change in cash and cash equivalents		in the
reporting period				660,263	97,804
Cash and cash equivalents	at the beginning
ofthe reporting period				1,079,121	981,317
Cash and cash equivalents	at the end	of
the reporting period				1,739,384	1,079,121

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2023	2022
			f	f
Net income for the reporting		period (as per the Statement of Financial
Activities)			1,132,133	88,629
Adjustments for:
Interest received			(58,410)	(4,709)
Decrease/(increase)	in debtors		282	(11,352]
(Decrease)/increase	in creditors		(19,230)	20,527
Net cash provided	by operations		1,054,775	93,095
ANALYSIS OF CHANGES IN NET FUNDS
		At 1.9.22	Cash flow	At31.8.23
		f	f	f
Net cash
Cash at bank and in hand		1,079,121		1,739,384
		1,079,121	660,263	1,739,384
Total		1,079,121	660,263	1,739,384

			2023	2022
			E	E
Circuit contributions			586,500	585,336
Donations			18,769	28,839
Connexional	and	other grants	109,877	146,176
Circuit Model Trust Fund levies			104,895	153,338
Connexional	Priority Fund distribution		190,937	117,141
Otherincome			41,812	34,269
Exceptional	items	—City Centre Fund	1,146,691
			2,199,481	1,065,099

		2023	2022
		E	E
Connexional	and other grants	109,877	146,176
INVESTMENT	INCOME
		2023	2022
		E	f
Deposit account interest		58,410	4,709

						Grant
						funding	of
						activities		Support
						(see note		costs (see
						6)		note 7)	Totals
						E		E	E
Grants and donations						285,339			285,339
Contributions		to Methodist		Church
Fund						508,945			508,945
Other								331,474	331,474
						794,284		331,474	1,125,758
GRANTS	PAYABLE
								2023	2022
								E	E
Grants and donations								285,339	97,579
Contributions		to Methodist		Church	Fund			508,945	511,343
								794,284	608,922
The total	grants paid to institutions				during the year was as follows:
								2023	2022
								E	E
Methodist	Church		Fund					508,945	511,343
Mission projects								233,092	92,486
property	projects								3,000
Other grants		and donations						52,247	2,093
								794,284	608,922

					Governance
				Management	costs	Totals
				f	E	E
Other				325,474	6,000	331,474
Support	costs,	included	in the above, are as follows:
MANAGEMENT
					2023	2022
						Total
					Other	activities
					E	E
Wages					193,872	216,146
Social security					15473	21,373
Pensions					20,833	16,374
Employees expenses					17,228	13,403
Training					11,811	11,403
District office costs					4,479	4,274
Manse costs					11,733	20,677
Trustees'	expenses				997	1,000
Administrative		costs			32,375	43,194
Subscriptions					2,122	2,160
Professional fees					1,198	1,485
Other expenses					13,353	16,268
					325,474	367,757
GOVERNANCE		COSTS
					2023	2022
						Total
					Other	activities
					f	E
Auditors'	remuneration				6,000	4,500

STAFF	COSTS
		2023	2022
		f	f
Wages	and salaries	193,872	216,146
Social	security costs	15,473	21,373
Other	pension costs	20,833	16,374
		230,178	253,893

TANGIBLE FIXEDASSETS
	Freehold
	property
	f
COST
At 1September 2022	3,750,000
Additions	452,922
At 31August 2023	4,202,922
NET BOOK VALUE
At 31August 2023	4,207„922
At 31August 2022	3,750,000

							2023	2022
							E	E
	Prepayments						14,007	14,289
13.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2023	2022
							E	6
	Accruals	and deferred	income				8,751	27,931
	Deferred	income included			above consists ofthe following.
							2023	2022
							E	E
	Deferred	income as at	1September			2022	20,000
	Resources deferred during				the year			20,000
	Amounts	released from		previous years			(20,000)
	Deferred	income as at	31		August 2023			20,000

MOVEMENT IN FU	NDS
					Net	Transfers
					movement	between	At
				Ai 1.9.22	in funds	funds	31.8.23
				E	E	f	E
Unrestricted funds
General Fund				43,146	13,694	(7,000)	49,840
Capital Revaluation	Reserve	Fund		3,750,000			3,750,000
Manse Major Repair Fund				15,764	(4,494)	4,000	15,270
				3,808,910	9,200	(3,000)	3,815,110
Restricted funds
District Advance Fund				828,913	246,836	(132,610)	943,139
Chaplaincy Fund				31,575	(50,952)	28,250	8,873
Mission and Youth	Fund			61,649	(24,370)	35,000	72,279
Safeguarding Fund				17,452	(25,903)	29,000	20,549
Adavu Fund				52x007	(52,007)
Benevolent Fund				4,185	(3,037)	3,000	4,148
Inclusive Gathering	Birmingham		Fund	5,998	(23,436)	30,000	12,562
Street Ecclesial Community		Fund		4,740	(25,924)	37,860	16,676
City Centre Fund					1,081,726	(27,500)	1,054,226
				1,006,519	1,122,933	3,000	2,132,452
TOTAL FUNDS				4,815,429	1,132,133		5,947,562
Net movement in funds, included			in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					E	E	f
Unrestricted funds
General Fund					594,942	(581,248)	13,694
Manse Major Repair Fund					644	(5,138)	(4394)
					595,586	(586,386)	9,200
Restricted funds
District Advance Fund					394,877	(148,041)	246,836
Chaplaincy Fund						(50,952)	(50,952)
Mission and Youth	Fund				28,665	(53,035)	(24,370)
Safeguarding Fund					26,486	(52,389)	(25,903)
Adavu Fund						(52,007)	(52,007)
Benevolent Fund						(3,037)	(3,037)
Inclusive Gathering	Birmingham		Fund		24,602	(48,038)	(23,436)
Street Ecclesial Community		Fund			20,800	(46,724)	(25,924)
City Centre Fund					1,166,875	(85,149)	1,081,726
					1,662,305	(539,372)	1,122,933
TOTALFUNDS					2,257,891	(1,125,758)	1,132,133

				Net	Transfers
				movement	between	At
			At 1.9.21	in funds	funds	31.8.22
			E	E	E	E
Unrestricted funds
General Fund			42,642	1,487	(983)	43,146
Capital Revaluation Reserve	Fund		3,750,000			3,750,000
Designated Fund			23,222	(7,972)	(15,250)
Manse Major Repair Fund				65	15,699	15,764
			3,815,864	(6,420)	(534)	3,808,910
Restricted funds
District Advance Fund			748,246	243,967	(163,300)	828,913
Chaplaincy Fund			13,999	(36,424)	54,000	31,575
Mission and Youth Fund			51,738	(18,089)	28,000	61,649
Safeguarding Fund			10,385	(21,433)	28,500	17,452
Adavu Fund			41,433	(37,426)	48,000	52,007
Benevolent Fund			2,099	(914)	3,000	4,185
Manse Major Repaid Fund			11,699		(11,699)
Cameroonian Fund			3,386	(3,345)	(41)
Inclusive Gathering Birmingham		Fund	20,639	(22,641)	8,000	5,998
Digital Church Fund			7,312	(8,386)	1,074
Street Ecclesial Community	Fund			(260)	5,000	4,740
			910,936	95,049	534	1,006,519
TOTAL FUNDS			4,726,800	88,629		4,815,429

				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted funds
General Fund				592,543	(591,056)	1,487
Designated Fund					(7,972)	(7,972)
Manse Major Repair Fund				65		65
				592,608	(599,028)	(6,420)
Restricted funds
District Advance Fund				340,471	(96,504)	243,967
Chaplaincy Fund				18,754	(55,178)	(36,424)
Mission and Youth	Fund			25,989	(44,078)	(18,089)
Safeguarding Fund				20,676	(42,109)	(21,433)
Adavu Fund				53,404	(90,830)	(37,426)
Benevolent Fund					(914)	(914)
Cameroonian Fund					(3,345)	(3,345)
Inclusive Gathering	Birmingham		Fund	17,906	(40,547)	(22,641)
Digital Church Fund					(8,386)	(8,386)
Street Ecclesial Community		Fund			(260)	(260)
				477,200	(382,151)	95,049
TOTAL FUNDS				1,069,808	(981,179)	88,629

				Net	Transfers
				movement	between	At
			At 1.9.21	in funds	funds	31.8.23
			E	E	E	E
Unrestricted funds
General Fund			42,642	15,181	(7,983)	49,840
Capital Revaluation Reserve	Fund		3,750,000			3,750,000
Designated Fund			23,222	(7,972)	(15,250)
Manse Major Repair Fund				(4,429)	19,699	15,270
			3,815,864	2,780	(3,534)	3,815,110
Restricted funds
District Advance Fund			748,246	490,803	(295,910)	943,139
Chaplaincy Fund			13,999	(87,376)	82,250	8,873
Mission and Youth Fund			51,738	(42,459)	63,000	72,279
Safeguarding Fund			10,385	(47,336)	57,500	20,549
Adavu Fund			41,433	(89,433)	48,000
Benevolent Fund			2,099	(3,951)	6,000	4,148
Manse Major Repaid Fund			11,699		(11,699)
Cameroonian Fund			3,386	(3,345)	(41)
Inclusive Gathering Birmingham		Fund	20,639	(46,077)	38,000	12,562
Digital Church Fund			7,312	(8,386)	1,074
Street Ecclesial Community	Fund			(26,184)	42,860	16,676
City Centre Fund				1,081,726	(27,500)	1,054,226
			910,936	1,217,982	3,534	2,132,452
TOTAL FUNDS			4,726,800	1,220,762		5,947,562

			Incoming	Resources	Movement
			resources	expended	in funds
			f	E	E
Unrestricted funds
General Fund			1,187,485	(1,172,304)	15,181
Designated Fund				(7,972)	(7,972)
Manse Major Repair Fund			709	(5,138)	(4,429)
			1,188,194	(1,185,414)	2,780
Restricted funds
District Advance Fund			735,348	(244,545)	490,803
Chaplaincy Fund			18,754	(106,130)	(87,376)
Mission and Youth Fund			54,654	(97,113)	(42,459)
Safeguarding Fund			47,162	(94,498)	(47,336)
Adavu Fund			53,404	(142,837)	(89,433)
Benevolent Fund				(3,951)	(3,951)
Cameroonian Fund				(3,345)	(3,345)
Inclusive Gathering Birmingham		Fund	42,508	(88,585)	(46,077)
Digital Church Fund				(8,386)	(8,386)
Street Ecclesial Community	Fund		20,800	(46,984)	(26,184)
City Centre Fund			1,166,875	(85,149)	1,081,726
			2,139,505	(921,523)	1,217,982
TOTAL FUNDS			3,327,699	(2,106,937)	1,220,762

Yearto
31August 2024	572,009
31August 2025	156,750
31August 2026	141,493
31August 2027	30,465
31August 2029	39,575
	940,292