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|||Page|
|---|---|---|
|Trustees'
Annual
Report|||
|Independent
Examiner's|Report||
|Statement of Financial|Activities||
|Balance Sheet||10|
|Notes to the Financial Statements|||
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||||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2022|2022|2022|2021|
|Income and endowments||||||||
|from:||||||||
|Donations
and legacies|||2a||||175|
|Charitable
activities|||2b|216,740|4,300|221,040|173,668|
|Investments|||2c|2,345|2,416|4,761|3,240|
|Other income|||2d|9,856||9,856|10,675|
|Total income||||228,941|6,716|235,657|187,758|
|Expenditure
on:||||||||
|Charitable
activities||||375,761|23,416|399,177|363,716|
|Total expenditure||||375,761|23,416|399,177|363,716|
|Net (expenditure)/income||||(146,820)|(16,700)|(163,520)|(175,958)|
|Transfer between|funds||10,11|100,485|(100,485)|||
|Gain on revaluation||offixed||||||
|assets||||||||
|Gain/(Loss)
on investment
assets|||||(1,420)|(1,420)|3,506|
|Net movement
in|funds|||(46,335)|(118,605)|(164,940)|(172,452)|
|Total funds brought||forward|10,11|684,861|1,730,492|2,415,353|2,578,805|
|Total fund carried||forward|9-11|638,526|1,611,887|2,250,413|2,415,353|
||||Notes|31"August 2022|31"August 2021|31"August 2021|
|---|---|---|---|---|---|---|
|Fixed assets|||||E|F|
|Tangible fixed assets||||1,295,305||1,295,458|
|Investments||||316,887||435,492|
|||||1,612,192||1,730,950|
|Current assets|||||||
|Debtors|||6|13,331|32,155||
|Debtors: amounts
falling due
after more than one year|||7|5,134|7,416||
|Cash at bank and|in hand|||653,511|707,597||
|||||671,976|747,168||
|Current
liabilities|||||||
|Creditors: amounts
due within one year||falling|8|(33,755)|(62,765)||
|Net current assets||||638,221||684,403|
|Total assets less
liabilities|current|||2,250,413||2,415,353|
|Funds:|||||||
|Unrestricted
funds|||10,11|638,526||684,861|
|Restricted
funds|||10-12|1,611,887||1,730,492|
|||||2,250,413||2,415,353|
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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Funds|
||||||2022|2022|2022|2021|
|b. Charitable
activities:|||||6|F|6|6|
|Assessments|||||216,740||216,740|169,365|
|Grants||||||4,300|4,300|4,303|
||||||216,740|4,300|221,040|173,668|
|c. Investments:|||||||||
|Bank Interest|||||2,345||2,345|901|
|Income from UK
investments|listed|||||2,416|2,416|2,339|
||||||2,345|2,416|4,761|3,240|
|d. Other income:|||||||||
|Loan interest|||||88||88|79|
|Rental income|||||9,768||9,768|10,596|
||||||9,856||9,856|10,675|
|3. Expenditure
on charitable||||activities|Direct|Support &|Total|Total|
||||||Charitable|Governance|2022|2021|
||||||Expenditure|Costs|||
||||||F|6||F|
|Upholding
the Methodist|||Connexional||||||
|Policy of 'Our Calling',
which through
worship,
learning,
caring, service and|||||349,684|50,913|400,597|363,716|
|evangelism,
forms|the|basis||ofChristian|||||
|discipleship.|||||||||
|a.Analysed
as follows:|||||||||
|Direct charitable|expenditure:||||2022|2021f|||
|Staff salary costs|||||163,906|167,141|||
|Pension|||||30,076|30,326|||
|Ministerial
expenses
Lay worker expenses|||||12,457
1,702|9,214
1,653|||
|Grants|||||2,000|17,000|||
|District assessment|||||51,295|51,078|||
|Manse expenses|||||20,025|22,572|||
|Ministerial
Pension||fund|||64,000||||
|United
Reform Church|||fees||4,223|4,100|||
|Gifts and donations||||||865|||
||||||349,684|303,949|||
##
||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
||||||||F||
||Other Debtors||||5,134||7,416||
||Other
Debtors||comprise
a loan to St James|and
at the year|||end 31" August|2022 the|
||outstanding
balance
is E5,134 (2021: E7,416)) bearing
annum.
The base rate per annum as at 31"August 2022|||||interest
at 1.5% + base
was 1.75%.||rate per|
|8.|Creditors: amounts
falling due within one year||||||||
||||||2022||2021||
||||||||F||
||Creditors||||||11,870||
||Accruals||||1,130||3,520||
||Deferred|income|(note 9)||32,625||47,375||
||||||33,755||62,765||
|9.|Deferred|Income|||||||
||||||2022||2021||
||Balance|at 1"September 2021|||47,375||45,875||
||Amount|deferred|in the year||32,625||47,375||
||Amount
released
resources||to incoming||(47,375)||(45,875)||
||Balance|at31"August 2022|||32,625||47,375||
##
|.Analysis|of Net Assets
|of Net Assets
|between
Funds||||
|---|---|---|---|---|---|---|
||2022||Tangible Fixed|Investments|Net Current|Total|
||||Assets||Assets||
|Unrestricted||Funds|6||6||
|General|Fund||305||638,221|638,526|
|Restricted||Funds|||||
|Tangible|Fixed Assets||1,295,000|||1,295,000|
|Fixed Asset||Investment||316,887||316,887|
||||1,295,000|316,887||1,611,887|
|Totals|||1,295,305|316,887|638,221|2,250,413|
##
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||2021|2021|Tangible Fixed|Investments|Net Current|Total|
|---|---|---|---|---|---|---|
||||Assets||Assets||
|Unrestricted||Funds|||E||
|General|Fund||458||684,403|684,861|
|Restricted||Funds|||||
|Tangible|Fixed Assets||1,295,000|||1,295,000|
|Fixed Asset||Investment||435,492||435,492|
||||1,295,000|435,492||1,730,492|
|Totals|||1,295,458|435,492|684,403|2,415,353|
##
|nrestricted|Funds||||||
|---|---|---|---|---|---|---|
||||Movements|in the Year|||
||Restated||||||
|2022|Reserves at|Income|Expenditure|Gain on|Transfer|Reserves|
||Beginning|||revaluation|between|at End of|
||ofyear|||offixed|funds|year|
|||||assets|||
|||||f|||
|General
Fund|684,861|228,941|(375,761)||'I00,485|638,526|
||||Movements|in the Year|||
||Restated||||||
|2021|Reserves at|Income|Expenditure|Gain on|Transfer|Reserves|
||Beginning|||revaluation|between|at End of|
||ofyear|||offixed|funds|year|
|||||assets|||
||||E||||
|General
Fund|678,023|181,116|(326,593)||152,315|684,861|
|12. Restricted|Funds|||||||
|---|---|---|---|---|---|---|---|
||||Movements||in the Year|||
|2022|Reserves|Income|Expenditure|Revaluation||Transfer|Reserves|
||at||||And|between|at End of|
||Beginning|||Investment||funds|year|
||ofyear||||(loss)|||
|Tangible
Fixed
Assets|1,295,000||||||1,295,000|
|Fixed Asset
investment|435,492|2,416|(19,116)||(1,420)|(100,485)|316,887|
|Trinity Church
Grant||4,300|(4,300)|||||
||1,730,492|6,716|(23,416)||(1,420)|('I00,485)|1,6'l1,887|
||||Movements||in the Year|||
|2021|Reserves|Income|Expenditure|Revaluation||Transfer|Reserves|
||at||||And|between|at End of|
||Beginning|||Investment||funds|year|
||ofyear||||(loss)|||
|Tangible Fixed
Assets|1,295,000|||||(-)|1,295,000|
|Fixed Asset
investment|614,782|2,339|(32,820)||3,506|(152,315)|435,492|
|Trinity Church
Grant||4,303|(4,303)|||||
||1,909,782|6,642|(37,123)||3,506|(152,315)|1,730,492|
##
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|The follo|wing
amounts
were paid|to Trustees,
who a|re also Lay|
|---|---|---|---|
|||2022|2021|
|Name||||
|Natashia|Bullock|10,216|20,400|
|Deacon|Michaela J Doherty|23,672|25,693|
|Rev Peter Hughes||25,916|25,693|
|Lena M|Phillips|6,984|6,910|
|Rev Paul Wilson||27,632|28,245|
|Clement|Matarirano|25,916|25,693|
|Andrew|Parsons|13,736||
|David Goodwin||2,244||