| Charity number | Charity number | 1134265 | ||||||
|---|---|---|---|---|---|---|---|---|
| Principal address | Brunswick | Methodist | Church | |||||
| Brunswick | Place | |||||||
| Newcastle | upon Tyne | |||||||
| Tyne and Wear | ||||||||
| NE1 7BJ | ||||||||
| Independent | examiner | Robson Laidler Accountants | Limited | |||||
| Fernwood | House | |||||||
| Fernwood | Road | |||||||
| Jesmond | ||||||||
| Newcastle | upon Tyne | |||||||
| NE1 2TJ | ||||||||
| Bankers | Lloyds Bank pic | |||||||
| 102 Grey Street | ||||||||
| Newcastle | upon Tyne | |||||||
| NE1 7BJ | ||||||||
| Central Finance Board ofthe |
Methodists | Church | ||||||
| 9 Bonhill Street | ||||||||
| London | ||||||||
| EC2A4PE | ||||||||
| Solicitors | Sintons LLP | |||||||
| The Cube | ||||||||
| Barrack Road | ||||||||
| Newcastle | upon Tyne | |||||||
| ,NE4 6DB | ||||||||
| Surveyors | and Valuers | Lambert Smith Hampton | ||||||
| 41-51 Grey | Street | |||||||
| Newcastle | upon Tyne | |||||||
| NE4 6DB | ||||||||
| Custodian | Trustees | The Trustees for Methodist | Church | Purposes | ||||
| Central Buildings |
||||||||
| Oldham Street |
||||||||
| Manchester | ||||||||
| M1 5JQ |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-14 | ||
| Independent examiner's |
report | 15 | |
| Statement offinancial |
activities | 16-17 | |
| Balance sheet | 18 | ||
| Statement ofcash flows |
19 | ||
| Notes to the financial | statements | 20-30 |
| Current financial year | Current financial year | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||||||
| funds | funds | funds | ||||||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||||||||
| Notes | f | , f | ||||||||||
| ncome a d e wments |
f o | |||||||||||
| Donations and legacies |
2 | 501,989 | 39,674 | 541,663 | 1,746,035 | |||||||
| Other trading activities |
3 | 7,400 | 7,400 | 19,539 | ||||||||
| Investments | 4 | 26,684 | 22,743 | 59 | 49,486 | 43,166 | ||||||
| Other income | 5 | 107,779 | 107,779 | |||||||||
| ' | ||||||||||||
| Total income 'and | endowments | 536,073 | 170,196 | 59 | 706,328 | 1,808,740 | ||||||
| Ex enditure on: | ||||||||||||
| Charitable activities |
601,040 | ' | 210,204 | 811,244 | 641,635 | |||||||
| Other | 16 | ' 12 |
90 | 118 | 4 | |||||||
| Total resources expended | 601,056 | 210,216 | 90 | 811,362 | 641,639 | |||||||
| Net gains/(losses) | on investments | (342) | 1,828 | (170) | 1,316 | 1,236 | ||||||
| Net (outgoing)/incoming | resources | |||||||||||
| before transfers | (65,325) | (38,192) | (201) | (103,718) . | 1,168,337 | |||||||
| Gross transfers between |
funds | 56,809 | ' | (56,809) | ||||||||
| Net movement in |
funds | (8,516) | (95,001) | (201) | (103,718), | 1,168,337 | ||||||
| Fund balances at 1 September 2021 | 461,888 | . | 1,466,674 | 2,475 | 1,931,037 | 762,700 | ||||||
| Fund balances at | 31August 2022 | 453,372, | 1,371,673 | 2,274 | 1,827,319 | 1,931,037 |
| Prior financial year | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | |||
| Notes | E | f | ||||
| Income and endowments | from: | |||||
| Donations and legacies |
521,838 | 1,224,197 | 1,746,035 | |||
| Other trading activities |
14,539 | 5,000 | 19,539 | |||
| Investments | 23,461 | 19,664 | 41 | 43,166 | ||
| Total income and endowments | 559,838 | 1,248,861 | 41 | 1,808,740 | ||
| Ex enditure on: |
||||||
| Charitable activities |
618,386 | 23,249 | 641,635 | |||
| Other | 4 | 4 | ||||
| Total resources expended | 618,386 | 23,249 | 4 | 641,639 | ||
| Net gains/(losses) on investments |
845 | 391 | 1,236 | |||
| Net (outgoing)/incoming | resources before | |||||
| transfers | (57,703) | 1,225,612 | 428 | 1,168,337 | ||
| Gross transfers between |
funds | 47,984 | (47,984) | |||
| Net movement in funds |
(9,719) | 1,177,628 | 428 | 1,168,337 | ||
| Fund balances at 1 September 2020 | 471,607 | 289,046 | 2,047 | 762,700 | ||
| Fund balances at 31August 2021 | 461,888 | 1,466,674 | 2,475 | 1,931,037 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| Fixed.assets | ||||||||
| Tangible assets | 313,250 | 321,497 | ||||||
| Current assets | ||||||||
| Debtors | 12 | '25,638 | 33,470 | |||||
| Investments | 13 | 759,444 | 12,122 | |||||
| Cash at bank and | in | hand | 737,422 | 1,584,599 | ||||
| I . | ||||||||
| 1,522,504 | 1,630,191 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 14 | ,(6,875) | (17,354) | |||||
| Net current assets | 1,515,629 | 1,612,837 | ||||||
| Total assets less | current liabilities | 1,828,879 | 1,934,334 | |||||
| Creditors: amounts | falling due after | |||||||
| more than one year | (1,560) | (3,297) | ||||||
| I | ||||||||
| Net assets | 1,827,319 | 1,931,037 | ||||||
| Capital funds | ||||||||
| Endowment funds |
- general | 16 | 2,274 | 2,475 | ||||
| Income funds- | ||||||||
| Restricted funds | 17 | ,1,371,673 | 1,466,674 | |||||
| Unrestricted funds |
453,372 | 461,888 | ||||||
| 1,827,319 | 1,931,037 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Cash (absorbed by)/generated |
from | 22 | ||||||
| operations | (259,273) | 1,129,167 | ||||||
| Investing | activities | |||||||
| Proceeds | from disposal oftangible fixed |
|||||||
| assets | 110,029 | |||||||
| Proceeds | from disposal of investments |
(746,006) | 8,702 | |||||
| Investment | income received | 49,486 | 43,166 | |||||
| Net cash | (used in)/generated | from | ||||||
| investing | activities | (586,491) | 51,868 | |||||
| Financing | activities | |||||||
| Payment | of obligations under |
finance leases | (1,413) | (1,150) | ||||
| Net cash | used in financing | activities | (1,413) | (1,150) | ||||
| Net (decrease)/increase in cash and cash |
||||||||
| equivalents | (847,177) | 1,179,885 | ||||||
| Cash and | cash equivalents at beginning |
ofyear | 1,584,599 | 404,714 | ||||
| Cash and | cash equivalents | at end of | year | 737,422 | 1,584,599 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 E |
2022f | 2022 | 2021 F |
2021 E |
2021 E |
||
| Donations | and gifts | 1,668 | 1,668 | 1,840 | 1,224,197 | 1,226,037 | |
| Assessments | 393,086 | 393,086 | 428,397 | 428,397 | |||
| Grants receivable | 18,730 | 18,730 | 32,959 | 32,959 | |||
| Administration | 56,672 | . 17,577 | 74,249 | 53,302 | 53,302 | ||
| Other | 31,833 | 22,097 | 53,930 | 5,340 | 5,340 | ||
| 501,989 | 39,674 | 541,663 | 521,838 | 1,224,197 | 1,746,035 |
| Other | Other | |||
|---|---|---|---|---|
| trading | trading | |||
| activities | activities | |||
| 2022 | 2021 | |||
| Books &telephone | income | 5,413 | 5,756 | |
| Sundry | income | 1,987 | 13,783 | |
| 7,400 | 19,539 | |||
| Analysis | by fund | |||
| Unrestricted funds |
7,400 | 14,539 | ||
| Restricted funds | 5,000 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| general | ||||||
| 2022 | 2022 | 2022 | 2021 | |||
| E | ||||||
| Rental | income | 22,328 | 21,525 | 43,853 | 42,078 | |
| Interest | receivable | 4,356 | 1,218 | 59 | 5,633 | 1,088 |
| 26,684 | 22,743 | 59 | 49,486 | 43,166 |
| Restricted | Total | ||||
|---|---|---|---|---|---|
| funds | |||||
| 2022 | 2021 | ||||
| E | |||||
| Net gain on disposal | oftangible | fixed assets | 107,779 | ||
| Charitable activities |
|||||
| Charitable | Charitable | ||||
| activities | activities | ||||
| 2022 | 2021 | ||||
| F | |||||
| Staff costs | 484,218 | 366,235 | |||
| Depreciation | and impairment | 5,997 | 6,705 | ||
| Gifts and donations | 1,268 | 14,683 | |||
| Assessments | 103,524 | 98,159 | |||
| Travel | 10,548 | 4,863 | |||
| Repairs and | property | costs | 55,164 | 43,262 | |
| Pulpit supply | 1,134 | 111 | |||
| The Holy Biscuit costs | 109,015 | 65,509 | |||
| Hand in Hand costs |
7,411 | 1,878 | |||
| 778,279 | 601,405 | ||||
| Grant funding | of activities (see note 7) | 6,300 | |||
| Share ofsupport costs (see note 8) | 15,323 | 28,160 | |||
| Share ofgovernance | costs (see note 8) | 11,342 | 12,070 | ||
| 811;244 | 641,635 | ||||
| Analysis by |
fund | ||||
| Unrestricted | funds | 601,040 | 618,386 | ||
| Restricted funds | 210,204 | 23,249 | |||
| 811,244 | 641,635 |
| Charitable | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| activities | |||||||||||
| 2022f | |||||||||||
| Grants to | institutions: | ||||||||||
| SAW THB | 2,500 | ||||||||||
| Trinity Christian | Community | Centre | 3,000 | ||||||||
| MINE | 300 | ||||||||||
| Newcastle | City | Cetre Chaplaincy | 500 | ||||||||
| 6,300 | |||||||||||
| 8 | Support | costs | |||||||||
| Support | Governance | 2022 | Support | Governance | 2021 | ||||||
| costs | costs | costs | costs | ||||||||
| f. | f | ||||||||||
| Telephone | 10,357 | 10,357 | 14,039 | 14,039 | |||||||
| Postage | & | stationery | 3,378 | 3,378 | 3,951 | 3,951 | |||||
| Sundries | 1,588 | 1,588 | 10,170 | 10,170 | |||||||
| Audit fees | 6,300 | 6,300 | |||||||||
| Independent | examiner's | ||||||||||
| fees | 4,200 | 4,200 | |||||||||
| Professional | fees | 7,142 | 7,142 | 5,770 | 5,770 | ||||||
| 15,323 | 11,342 | 26,665 | 28,160 | 12,070 | 40,230 | ||||||
| Analysed | between | ||||||||||
| Charitable | activities | 15,323 | 11,342 | 26,665 | 28,160 | 12,070 | 40,230 |
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| Direct charitable expenditure |
12 | 12 | |
| Management | and admin ofthe charity | 2 | 2 |
| Total | 14 | 14 | |
| Employment | costs | 2022 | 2021 |
| P | |||
| Wages and salaries | 233,319 | 287,966 | |
| Social security costs | 17,402 | 21,091 | |
| Other pension costs | 233,497 | 57,178 | |
| 484,218 | 366,235 |
| Tangible fix | ed assets | ||||
|---|---|---|---|---|---|
| Freehold land |
Computers | Total | |||
| and buildings | |||||
| f | |||||
| Cost | |||||
| At 1 September 2021 | 368,717 | 17,827 | 386,544 | ||
| Disposals | (2,250) | (2,250) | |||
| At 31 August | 2022 | 366,467 | 17,827 | 384,294 | |
| Depreciation | and impairment | ||||
| At 1 September 2021 | 49,552 | 15,495 | 65,047 | ||
| Depreciation | charged | in the year | 3,665 | 2,332 | 5,997 |
| At 31August | 2022 | 53,217 | 17,827 | 71,044 | |
| Carrying amount |
|||||
| At 31August | 2022 | 313,250 | 313,250 | ||
| At 31August | 2021 | 319,165 | 2,332 | 321,497 |
| 12 | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| Amounts | falling due | within one year: | 2022f | 2021f | |||
| Other debtors | 2,529 | 4,307 | |||||
| Prepayments and accrued income |
23,109 | 29,163 | |||||
| 25,638 | 33,470 | ||||||
| 13 | Current | asset investments | |||||
| 2022f | 2021f | ||||||
| Unlisted | investments | 759,444 | 12,122 | ||||
| 14 | Creditors: | amounts | falling due within one year | ||||
| Notes | 2022f | 2021f | |||||
| Obligations | under finance leases | 1,737 | 1,413 | ||||
| Accruals | and deferred | income | 5,138 | 15,941 | |||
| 6,875 | 17,354 | ||||||
| 15 | Creditors: | amounts | falling due after more than one year | ||||
| 2022 | 2021 | ||||||
| Notes | |||||||
| Obligations | under finance leases | 1,560 | 3,297 |
| Movement | in funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Revaluations | Balance at | ||||
| 1 September | resources | expended | gains and | 31August | |||||
| 2021 | losses | 2022 | |||||||
| f | |||||||||
| Permanent | endowments | ||||||||
| The Susannah | Gibson | ||||||||
| memorial | fund | 624 | 16 | (85) | (59) | 496 | |||
| WR Dixon | gift | 1,851 | 43 | (5) | (111) | 1,778 | |||
| 2,475 | 59 | (90) | (170) | 2,274 |
| Movement | in funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Revaluations, | . | Balance at | ||||
| 1 September | resources | expended | gains and | 31August | ||||||
| 2021 | losses | 2022 | ||||||||
| Dorris Nuttal bequest | 4,084 | 23 | (4,102) | 5 | ||||||
| Property | Fund | 1,462,590 | 130,499 | (182,010) | (52,439) | 1,828 | 1,360,468 | |||
| 2C100 - | CFB Managed | |||||||||
| Fixed Fund | 39,674 | (24,104) | (4,370) | 11,200 | ||||||
| 1,466,674 | 170,196 | (210,216) | (56,809) | 1,828 | 1,371,673 | |||||
| Analysis | of net | assets between | funds | |||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||||
| funds | funds | funds | ||||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||||||
| F | ||||||||||
| Fund balances at 31August 2022 | ||||||||||
| are represented | by: | |||||||||
| Tangible | assets | 313,250 | 313,250 | 321,497 | ||||||
| Current | assets/(liabilities) | 141,682 | 1,371,673 | 2,274 | 1,515,629 | 1,612,837 | ||||
| Long term liabilities | (1,560) | (1,560) | (3,297) | |||||||
| 453,372 | 1,371,673 | 2,274 | 1,827,319 | 1,931,037 |
| 22 | Cash generated from operations |
Cash generated from operations |
Cash generated from operations |
2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (Deficit)/surpus for the year |
(103,718) | 1,168,337 | |||||||
| Adjustments for: |
|||||||||
| Investment income recognised |
in | statement | offinancial | activities | (49,486) | (43,166) | |||
| Gain on disposal oftangible fixed |
assets | (107,779) | |||||||
| Fair value gains and losses on | investments | (1,316) | (1,236) | ||||||
| Depreciation and impairment oftangible |
fixed assets | 5,997 | 6,705 | ||||||
| Movements in working capital: |
|||||||||
| Decrease/(increase) in debtors |
7,832 | (6,421) | |||||||
| (Decrease)/increase in creditors |
(10,803) | 4,948 | |||||||
| Cash (absorbed by)/generated |
from operations | (259,273) | 1,129,167 | ||||||
| 23 | Analysis ofchanges in net funds |
||||||||
| At 1 September | Cash flows | At 31August | |||||||
| 2021 | 2022 | ||||||||
| f | |||||||||
| Cash at bank and in hand |
1,584,599 | (847,177) | 737,422 | ||||||
| Obligations under finance leases |
(4,710) | 1,413 | (3,297) | ||||||
| 1,579,889 | (845,764) | 734,125 |