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