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2023-08-31-accounts

Charity number number number f134265
Principal address Brunswick
Methodist		 Church
Brunswick Place
Newcastle
upon Tyne
Tyne and Wear
ffE1 TBJ
Independent examiner Robson Laidler Accountants Ltmited
Fernwood
House
Fernwood
Road
Jesmond
Newcastle
upon Tyne
NE1 2TJ
Bankers Lloyds Bank pic
102Grey Street
Newcastle
upon Tyne
NE1 TBJ
Central Finance Board of the Methodists Church
9 Bonhill Street
London
EC2A4PE
Soliei tore Sinto ns LLP
The Cube
Barrack Road
Newcastle
upon Tyne
NE4 6DB
Sunreyora and Yetacre Lambert Smith Hampton
41-51 Grey Street
Newcastle
upon Tyne
NE4 6DB
Custodian Trustees The Trustees for llrlethodist Church Purposes
Central
Butklings
Oldham
Street
Mane
hester
M1 5JQ

Page
Trustees'
report		 f -1B
Independent
examtner's		 report 17
Statement offina nasl activities f8-19
Balance sheet 20
Statement
of cash flows		 21
Notes to the financial statements 22-34

Current financial year Current financial year Current financial year
Onreshtcted Restricted Endowment Total Total
funds funds funds
2023 2023 2823 2823 2022
Notes 8 8 8 8
Income an dowments from
DOnations
and legages		 2 476,758 240,704 717,462 541,663
Other trading adivities 3 6,224 6,224 7,400
Investments 4 28,322 66,632 95,018 49,486
Other income 5 107,779
Total income snd endowments 511,304 307,336 64 818,704 706,328
~ECht
Raising funds 15 6 21
Chantable
activities		 7 599,235 32,982 632,217 811,244
Other 3,878 3,878 118
Total resources expended 599,250 36,860 6 636,116 811,362
Net gainer(losses)
on investments		 (217) (31,929) (59) (32,205) 1,316
Net (outgoingl/incoming resources
before transfers (88,163) 238.547 (1) 150,383 (103,718)
Gross transfers between funds 1,598,303 (1,598,179) (124)
Net movement In funds 1,510,140 (1,359,832) (125) 150,383 ('!03,718)
Fund balances at 1 September 2022 453,372 1,371,673 2,274 1.827,319 1,931,037
Fund balances at sf August 2023 1,963,512 12,041 2,149 1,977,702 1,827,319

Prior financial year
Unrestricted Restricted Endowment
funds funds funds
2D22 2822 ZD22 2622
Notes 8 8 6
In
endowments		 from
Donations
and		 legacies 501,989 39,674 541,663
Other trading
activities		 7,400 7,400
Investments 26,684 22,743 59 49,486
Other income 107,779 107,779
Total income and endowments 536,073 170,196 59 706,328
~Edh
Charitable
activities		 7 60'l,040 210,204 811,244
Other 16 12 90 118
Totalresources expended 601,056 210,216 90 811,362
Net gains/(losses)
on investments		 (342) 1,828 (170) 1,316
Net (outgoing)llncoming resources before
transfers (65,325) (38,192) (201) (103,718)
Gross transfers between funds 56,809 (56,809)
Net movement in funds (8,516) (95,001) (201) (103,718)
Fund balances at 1 September 2021 461,888 1,466,674 2,475 1,931,D37
Fund balances at 31August 2D22 453,372 1,371.673 2,274 1,827,319

2023 2022
Notes 6
Fixed assets
Tangible
assets		 13 309,585 313.250
Current assets
Debtors 14 17,063 25,638
Investments 18 727,234 759,444
Cash at bank and ln hand 929,594 737,422
1,873,891 1,522,504
Creditors: amounts falling due within
one year 16 (5,774) (6,875)
Net current assets 1,668,117 1,515,629
Total assete less current liabilities 1.977,702 1,828,879
Creditors: amounts falling due after
more than one year 17 (1,560)
Net assets 1,977,702 1,827,319
Capital funda
Endowment
funds		 - general 28 2,149 2,274
Income funds
Restricted
funds		 21 12,041 1,371,673
Unrestricted
funds
Designated
funds		 19 1,522,391
General
unrestrikded		 funds 441,121 453,372
1,963,512 453,372
1,977,702 1,827,319
The financial statements
were approved
,go,,,~		 by the Trustees on ..l.v4..l.fdgi 2D~

Notes 2023
f		 2022
Cash flaws from operating activities
Cash generated
from/(absorbed
by)		 27
operations (259,273)
Investing activities
Proceeds from disposal
ol tangible
fixed
assets 110,029
Proceeds from disposal of investments 5 (746,006)
Investment Inoorne received 95,018 49,486
Net cash generated
from/(used
in)
investing activities 95,023 (586,491)
Financing activities
Payment of obligations
under finanoe leases		 (3,297) (1.413)
Net cash used in financing activities (3.297) (1,413)
Net increase/(decrease)
in		 cash and cash
equivalettts 192,172 (847,177)
Cash and cash equivalents at beginning ofyear 737,422 1,584,599
Cash and cash equivalents at end ofyear 929,594 737,422

Unrestricted Re striae}d Total Unrestricted Restricted Total
funds funds funds funds
2D23 2023 2023 2022 2022 2022
6 6 8
Donations and giRs i,668 1,668
Assessments 363,123 363,123 393,086 393,086
Grants receivable 10,000 2,815 12,815 18,730 18,730
Admi raslratlon 84,454 15,980 100,434 56,672 17.577 74,249
Other 19,181 221,909 241,090 31,833 22,097 53,930
478,756 240,704 717,462 50'l,989 39,674 541 663

Other Other
trading trading
activities activities
2D23 ZD22
2 E
Books 8telephone income 5,998 5,413
Sundry lnoome 228 1,987
6,224 7,400

Unrestncted Restricted Endowment Tote I Total
funds funds funds
general
2023 2D23 2023 2023 2022
6 6
Rental income 25,313 20,020 45,333 43,853
Income from unlisted investments 22,178 22,178
Interest receivable 3,009 24,434 64 27,50'7 5,633
28,322 66,632 64 95,018 49.486

Total Restricted
funds
2023 2022
2
107,779
Unrestrtcted Endowment Total Tote I
funds funds
general
2023 2023 2023 2022
5 2 5
Investm I mana ement 15 21
15 21

Charitable Charitable
activities activities
2023 2822
6 8
Staff costs 326,260 484,218
Depreciation and impairment 3,665 5,997
Giffs and donations 628 1,268
Assessments 98,290 103,524
Travel 13,788 10,548
Repairs and property oosts 66,761 55,164
Connexion el funds 376
Pulpit supply 2,025 1,134
The Holy Biscuit costs 78,548 109,015
Hand
in Wand costs		 8,639 7.411
598,978 778,279
Grant funding of activities (see note 8) 12,652 6,300
Share ofsupport costs (see note 91 15,662 15,323
Share ofgovernance costs (see nate 9) 4,925 11,342
632,217 811,244
Analysis
by		 fund
Unrestricted funds 599,235 601,040
Restricted funds 32,982 210,204
632,217 81'l,244

Char ita ble Charitable
activities activities
2823 2022
5
Grants to institutions:
SAW THB 2,500
Trinity Chnstian Community Centre 375 3,000
MINE 7,143 300
hiswcastle City Cetre Chaplaincy 500
Brunswick Methodist Church 4,934
Rob Wytie 200
12,652 6,300

Support c osts
Support Governance 2023 Support Governance 2922
costs costs costs costs
5 f 5
Telephone 8,663 8,663 10.357 10,357
Postage & stagonery 4,666 4,666 3,378 3,378
Sundries 2,333 2,333 1,588 1,588
Independent examiner's
fees 4,452 4,452 4,200 4,200
Professional fees 473 473 7,142 7,142
15.662 4,925 20.587 15,323 11,342 26,ee5
Anslysed between
Charitable activities 15,662 4,925 20,587 15,323 11,342 26,665

2623 2922
Number Number
Direct charitable
expenditure		 12
Management
and admin ofthe charily		 2
Total
Employment
costs		 2623 2022
Wages and salaries 250,987 233,319
Sotxal secunty costs 20,744 17,402
Other pension costs 54,529 233,497
326,260 484,218

13 Tangible ftsed assets Tangible ftsed assets Tangible ftsed assets
Freehold lend Computers Toter
end bugdings
2
Cost
At 1 September 2022 366,467 17,827 384,294
Disposals (7,000) (7,000)
At 31August 2023 366,467 10,827 377,294
Depreciation and impairment
At 1 September 2022 53,217 17,827 71,044
Depreaation charged in the year 3,665 3,665
Eliminated
in		 respect ofdisposals (7.000) (7,000)
At 31August 2023 56,882 10,827 67,709
Carrying
amount
At 31August 2023 309,585 309,585
At 31 August 2022 313,250 313.250
14 Debtors
2D23 2022
Amounts
falling due		 within one year: 8
Other debtors 7,593 2,529
Prepayrnents and accrued Income 9,470 23,109
17,063 25,638
15 Current asset Investments
2023 2022
2 6
Unlisted
investments		 727,234 759,444
16 Creditors: amounts falling due within one year
2D23 2022
Notes
Obligations
under finsnce leases		 1,737
Aocruals and deferred income 5,774 5,138
5,774 6,875

17 Creditors: amounts falling due after mare then ane year
2023 2022
Notes 2 2
Qbligagons under finance leases 1,560

2D23 2D22
2 6
Within one year 3,593
Between two end five years 12,576
16,169

Balance at Transfers Defence et
I September
tats		 S1August
sttss
5 2
Property Fund 1,522,391 1,522,391
1,522,391 1,522,391

Movement In funds
Balance at
'!Bepternoer		 Incoming
resoiircee		 Resources
expended		 Transfers Revaluations
gains and		 Balance at
31August
2O22 losses 2e23
6 8
Permanent endowments
The Susannah Gibson
memorial fund 496 13 (1) 10 518
yvR Dixon gift 1,778 51 (5) (124) (69) 1,63'I
2,274 64 (6) (124) (59) 2,149

Movement Movement in funds
Balance at
1 September
2S22		 Incoming
resources		 Resources
expended		 Trenslors Revaluations,
gains and
losses		 Balance at
st August
2S23
6 6 f 8 6
Dorris Nuttai bequest 5 (5)
property Fund 1,360,468 288,541 (18,906) (1,598,174) (31,929)
Shieldfield Arftworks 11,200 18.795 (17,954) 12,041
1,371,673 307,338 (36,860) (1,598,179) (31,929) 12,041
Analysis ofnet assets between funds
Unrestricted Restricted Endowment Total Total
funds funds funda
2D23 2023 2622 2D23 2022
6
Fund balances at 31August 2023
are represented by:
Tangible assets 309,585 309,585 313,250
Current assets/(liabilities) 1,653,927 12,041 2,149 1,668,117 1,515,629
Long term liabihtlea (1,560)
1,963,512 12,041 2,149 1,977,702 1,827,319

27 Cash generated
from operations		 2823 2022
2
Surplus/(deficit)
for the year		 150,383 (103,718)
Adjustments
for
Investment
income recognised
in statement		 offinantxel acbvities (95,018) (49,456)
Gain on disposal oftangible
fixed assets		 (107,779)
Fair value gains and losses on investments 32,205 (1,316)
Depreciation
and impairment
of tangible fixed assets		 3,665 5,99'7
Ivlovemenis
in working
capital'
Decrease
in debtors		 8,575 7,832
Increase/(decrease)
in creditors		 636 (10,803)
Cash generated
from/(absorbed		 by) operations 100,446 (259,273)
28 Analysis ofchanges
In net funds
At 1 Septersbsr Atst August
2S22 2022
Cash at bank and
in hand		 737,422 192,172 929,594
Ob(igations
under finance leases		 (3,297) 3,297
734,125 195,469 929,594