2023-08-31-accounts

		Page
Trustees' Annual Report
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		10

			Notes	Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2023	2023	2023	2022
Income and endowments
from:
Charitable activities			2a	208,995	4,300	213,295	221,040
Investments			2b	21,426	12,314	33,740	4,761
Other income			2c	12,831		12,831	9,856
Total income				243,252	16,614	259,866	235,657
Expenditure on:
Charitable activities				370,410	14,588	384,998	399,177
Total expenditure				370,410	14,588	384,998	399,177
Net (expenditure)/income				(127,158)	2,026	(125,132)	(163,520)
Transfer between	funds		10,11	178,488	(178,488)
Gain on revaluation assets		offixed			180,000	180,000
(Loss) on investment		assets			(900)	(900)	(1,420)
Net movement in	funds			51,330	2,638	53,968	(164,940)
Total funds brought		forward	10,11	638,526	1,611,887	2,250,413	2,415,353
Total fund carried		forward	9-11	689,856	1,614,525	2,304,381	2,250,413

			Not.es	31"August 2023	31"August 2022
Fixed assets
Tangible fixed assets			4	1,135,642	1,295,305
Investments			5	479,525	316,887
				1,615,167	1,612,192
Current assets
Debtors				16,487	13,331
Debtors: amounts falling due after more than one year				3,107	5,134
Cash at bank and	in hand			716,915	653,511
				736,509	671,976
Current liabilities
Creditors: amounts due within one year		falling	8	(47,295)	(33,755)
Net current assets				689,214	638,221
Total assets less liabilities	current			2,304,381	2,250,413
Funds:
Unrestricted funds			10,11	689,856	638,526
Restricted funds			10-12	1,614,525	1,61 '1,887
				2,304,381	2,250,413

2.	Income and	endowments	from:
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2023	2023	2023	2022
	a. Charitable	activities:
	3 Generate			3,326		3,326
	Assessments			204,990		204,990	216,740
	Circuit service income			679		679
	Grants				4,300	4,300	4,300
				208,995	4,300	213,295	221,040

E4	,300 related to restricted funds.
b.	Investments:
	Bank Interest	20,825		20,825	2,345
	Income from UK listed investments	601	12,314	12,915	2,416
		21,426	12,314	33,740	4,761

Income from investments	in 2022 comprised	F2,345for unrestricted	funds and E2,416	related
to restricted funds.
c. Other income:
Loan interest		465	465	88
Rental income		12,366	12,366	9,768
		12,831	12„831	9,856

xpenditure	on charita	ble activities
			Direct	Support 8	Total	Total
			Charitable	Governance	2023	2022
			Expenditure	Costs
				E
Upholding the Methodist
Connexional	Policy of 'Our Calling',
which through worship, learning, caring, service, and evangelism,			282,843	'I02,155	384,998	400,597
forms the basis of Christian
discipleship.

a.	Analysed as follows:	Analysed as follows:
	Direct charitable expenditure:				2023	2022f
	Staff salary costs				126,787	163,906
	Pension				23,684	30,076
	Ministerial expenses				6,799	12,457
	Lay worker expenses				2,134	1,702
	Grants				10,506	2,000
	District assessment				56,188	51„295
	Manse expenses				50,333	20,025
	Ministerial Pension	fund				64,000
	United Reform Church fees				4,350	4,223
	Room hire				350
	Gifts and donations				1,712	525
					282,843	350,209
					2023	2022
	Support 8,governance		costs:
	Investment charges				10„288	19,116
	Circuit office				1,524	2,271
	Stationery and postage					504
	3Gene rate				3,214	1,549
	Quinquennials					1,080
	Apprentice levy				668	913
	Insurance				2,591	2,413
	Rent				17,500	16,800
	Subscriptions and memberships				469	424
	Professional fees				500	2,135
	Loss on disposal of assets	tangible		fixed	63,488
	Loss on investment	assets			900	1,420
	Payroll fee				480	480
	Accountancy				1,170	1,130
	Depreciation				263	153
					103,055	50,388
	Total expenditure activities	on charitable			385,898	400,597

are not remunerated for their services as a angible fixed assets	Trustee.
	Freehold	Fixtures	Tot.al
	Property	and Fittings
Cost or revaluation
Balance as at 1"September 2022	1,295,000	764	1,295,764
Additions		600	600
Revaluation	180,000		180,000
Disposals	(340,000)		(340,000)
Balance at31"August 2023	1,135,000	1,364	1,136,364
Accumulated depreciation Balance at 1"September 2022		459	459
Charge for the year		263	263
Balance at31"August 2023		722	722
Net Book Value at31"August 2023	1,135,000	642	1,135,642
Net Book Value at 31"August 2022	1,295,000	305	1,295,305

Fixed Asset investments
		2023	2022
Market value on 1"September	2022	316,887	435,492
Capital introduced		276,512
Investment income		12,915	2,416
Charges		(10,288)	(19,116)
Withdrawals		(115,601)	(100,485)
Net realised (loss) on investment	assets	(900)	(1,420)
Market value at31"August 2023		479,525	316,887

Debtors: amounts falling due	within one year
	2023	2022
Debtors	3,326
Prepayments	10,884	10,962
Other Debtors	2,277	2,369
	16,487	13,331

ne year
2023	2022
3,107	5,134

				2023	2022
Accruals				1,170	1,130
Deferred	income	(note	9)	46,125	32,625
				47,295	33,755

Deferred	Income
		2023	2022
Balance	at 1"September 2022	32,625	47,375
Amount	deferred in the year	46,125	32,625
Amount released to incoming resources		(32,625)	(47,375)
Balance	at31"August 2023	46,125	32,625

10.Analysis	of Net Assets	between	Funds
	2023	Tangible Fixed		Investments	Net Current	Total
			Assets		Assets
Unrestricted Funds
General	Fund		642		689,214	689,856
Restricted Funds
Tangible	Fixed Assets		1,135,000			1,135,000
Fixed Asset Investment				479,525		479,525
			1,135,000	479,525		1,614,525
Totals			1,135,642	479,525	689,214	2,304,381
	2022	Tangible Fixed		Investments	Net Current	Total
			Assets		Assets
Unrestricted Funds						F
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

nrestricted	Funds
			Movements	in the year
	Reserves at	Income	Expenditure	Transfers	Reserves at
	Beginning of				End ofyear
2023	year
General Fund	638,526	243,252	(370,410)	178,488	689,856
			Movements	in the year
	Reserves at	Income	Expenditure	Transfers	Reserves at
	Beginning of				End ofyear
2022	year
General Fund	684,86'I	228,941	(375,761)	100,485	638,526

12.Restricted	Funds
			Movements	in the year
2023	Reserves	Income	Expenditure	Revaluation	Transfers	Reserves
	Beginning					at End of
	ofyear					year
Tangible Fixed Assets	1,295,000			180,000	(340,000)	1,135,000
Fixed Asset investment	316,887	12,314	(10,288)	(900)	161,512	479,525
Trinity Church Grant		4,300	(4,300)
	1,611,887	16,614	(14,5&8)	179,100	(178,488)	1,614,525

There are no financial Related Parties	commitments under non-cancellable operating lea	commitments under non-cancellable operating lea	ses (2022:FN
The following amounts	were paid to Trustees, who are also Lay workers		and ministers.
	2023	2022
Name	E
Natashia Bullock	1,833	10,216
Deacon Michaela J Doherty		23,672
Rev Peter Hughes	27,280	25,916
Lena M Phillips	7,638	6,984
Rev Paul Wilson		27,632
Clement Matarirano	27,280	25,916
Andrew Parsons		13,736
David Goodwin	29,990	2,244