Charity registration number: 1141130
Burslem Methodist Mission (Swan Bank)
Annual Report and Financial Statements for the Year Ended 31 August 2021
Burslem Methodist Mission (Swan Bank)
Contents
| Reference and Administrative Details | 1 to 2 |
|---|---|
| Trustees' Report | 3 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 20 |
Burslem Methodist Mission (Swan Bank)
Reference and Administrative Details
Trustees S Adams H Dobson W Blood N Barnett G Cooper S Dobson S Simcoe J Adams J Chapman J Gillon S Parker S Hearson M Nixon J Bagnall S Hatcher T Finney A Johnson P Dann R Tunnicliff C Rome K Stephens L Brabbs R Barnett S Brooks H Boult N Johnson R Taylor J Sargeant T Mkwena S Chapman A Taylor S Ward J Sheeran Charity Registration Number 1141130 Principal Office Burslem Methodist Church Swan Square Stoke on Trent ST6 2AA
Page 1
Burslem Methodist Mission (Swan Bank)
Reference and Administrative Details
Independent Examiner
Bankers
D Denson VAST The Dudson Centre Hope Street Stoke on Trent ST1 5DD Natwest PLC PO Box 2027 Parklands De Havilland Way Bolton BL6 4YU
Page 2
Burslem Methodist Mission (Swan Bank)
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2021.
Objectives and activities
Objects and aims
The mission statement for Swan Bank Church is 'Loving God; Loving people' and that is what we aim to do through our members, our resources and our belief. The aim of Swan Bank Church is to intentionally bring the Kingdom of Heaven to Burslem by creating disciples through prioritising the people of Burslem. Equipping, training and empowering those that gather, to reach out into the local community and creating space that is attractive, relevant and safe in Burslem. Our objective is to live out our faith through worship and prayer, bible study and teaching, providing pastoral care and support to our members and community, and through mission and outreach.
Public benefit
We are well known in the town centre of Burslem as a community church and consequently have a constant flow of people from all walks of life visiting us daily for help and support. We are regularly visited by local homeless people, addicts and those in need who come for showers, clothing and support.
When Covid-19 struck and we went into lockdown, all of our face-to-face activities stopped, the Coffee Lounge and Book Room were closed but the office remained open so that our premises could be used for foodbank provision. We had a team of over 30 volunteers who delivered food, shopped and provided telephone support to over 200 people, both within our church and in the community. While things like our Lunch Club and Toddler Group stopped, many of our regular activities continued digitally. We found we were serving a very diverse group of people and were engaging with large number of people from our local area and further afield.
Our usual Remembrance Day service was cancelled due to Covid, which is normally attended by 1200 and we were unable to engage in our Christmas Services and carol singing in care homes. We are a distribution centre for the Stoke on Trent Foodbank and this did remain open throughout the lockdown periods.
Our Caretaker, Coffee Lounge manager and Book Room worker were all put on the government Furlough scheme during lockdown but we pledged to ensure they were paid 100% of the wages.
Our activities resumed at the end of lockdown including a toddler group, summer holiday club for children, Youth Clubs for 11-18yrs and study groups, and more than half the people who attend these events are from non-church backgrounds. Having such a large membership and community attendance we deal with many pastoral issues.
As well as these activities, we open all day on Christmas Day to offer a 3-course lunch to those who would otherwise be alone or incapable of providing themselves with a meal. This also includes delivering lunch to the housebound along with a Christmas gift, most of which is provided by donations. However due to lockdown this year we were unable to provide the lunch in our premises so instead we delivered a frozen Christmas dinner and a gift to 400 people in the community. Most of these were unknown to the church and most were either housebound, on their own or suffering from food poverty. We had the help of over 120 volunteers to help deliver the meals under strict Covid health measures.
One of, if not our biggest financial challenge has been in regard to the Coffee Lounge with the combination of no income for the duration of the lockdown, paying 100% furlough then trying to rebuild our work when we were legally able to reopen. The Trustees agreed that the Coffee Lounge is central to our missional and pastoral work and we have inputted significant reserves into retaining and rebuilding the Coffee Lounge with an investment in order to use the Coffee Lounge as our central hub for midweek outreach wo
Page 3
Burslem Methodist Mission (Swan Bank)
Trustees' Report
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Due to Covid restrictions this year our normal Sunday services and weekly activities were affected in different ways. For a large part of the year the Church remained closed for Sunday services so instead we offered an online, live streamed provision for both a morning and evening service. Our online ‘congregation’ included not just our regular attenders but people from outside our area and country who enjoyed and were supported by the service provision. In an average week approximately 320 people engaged in the online provision. We also provided a service sheet with a written service for people to follow, which was posted to 110 people who didn’t have access to the internet.
Our membership currently stands at 456 people, not Including regular and occasional people who are not members. Because of the diverse needs and requirements of our membership, Swan Bank usually offers 3 services each Sunday, 9am Traditional, 10.30am Family Worship and 6.15pm Celebratory. Each Sunday, collectively, there are over 330 adults and children who attend the services and where we have baptisms and special occasions those numbers increase significantly. There is no barrier to attending any of our services and we will endeavour to make each person feel welcome and at home with us.
We continue to house and staff The Burslem Book Room which currently includes the town's community library, an afternoon Tea Dance, a reading group, Song and Story for (0-6's) and a Knit and Natter group. It also offers free room space to community organisations who struggle for finance.
Financial review
The financial results are shown on pages 8 to 20 of this report.
Policy on reserves
Swan Bank aims to hold 3-6 months of expenditure in reserve.
As at 31 August 2021 the charity had £177,695 (2020:£184,830) of unrestricetd funds and £515,000 (2020:£500,772) of restricted funds.
Page 4
Burslem Methodist Mission (Swan Bank)
Trustees' Report
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
| Trustees: | S Adams |
|---|---|
| H Dobson | |
| W Blood | |
| N Barnett | |
| G Cooper | |
| S Dobson | |
| S Simcoe | |
| J Adams | |
| J Chapman | |
| J Gillon | |
| S Parker | |
| S Hearson | |
| M Nixon | |
| J Bagnall | |
| S Hatcher | |
| T Finney | |
| A Johnson | |
| P Dann | |
| R Tunnicliff | |
| C Rome | |
| K Stephens | |
| L Brabbs | |
| R Barnett | |
| S Brooks | |
| H Boult | |
| N Johnson | |
| R Taylor | |
| J Sargeant | |
| T Mkwena | |
| S Chapman | |
| A Taylor | |
| S Ward | |
| J Sheeran |
Page 5
Burslem Methodist Mission (Swan Bank)
Trustees' Report
Structure, governance and management
Nature of governing document
Deed of Union (1932) and Methodist Church Act (1976) adopted 20/09/1932
The Methodist Church as a whole is established and constituted by an Act of Parliament, currently the Methodist Church Act 1976
Recruitment and appointment of trustees
The Church Council is the decision-making body of the church and generally meets quarterly. Members are elected to the role for a maximum of 4 years when they must step down or apply for re-election. The General Church Meeting is held annually and is where new appointments are made. Members of the church council also form other teams to oversee, maintain and develop different areas of church life.
Organisational structure
Swan Bank Church (Burslem Methodist Mission) is governed according to the Constitutional Practice and Discipline of the Methodist Church. As such our governing structure is a Church Council made up of Trustees representing different areas of church life. The Church Council is the decision-making body of the church and generally meets quarterly. Members are elected to the role for a maximum of 4 years when they must step down or apply for re-election. The AGM of the church is held annually and is where new appointments are made. Members of the church council also form other teams to oversee, maintain and develop different areas of church life. These are: Property Team, Finance Team, PA/Visuals Team, Ministry Team, non-council members can be co-opted onto these teams as necessary if their expertise is required. As well as this we have a Church Leadership Team which is not a decision-making body but meets regularly with the Superintendent Minister to discuss and discern the future programs, structure, growth and development of the mission.
Staff Team
Working with our very committed and able volunteers we have a paid team comprising – lead minister, under 30’s and worship pastor, children’s and families’ worker, youth worker, office manager, caretaker, coffee lounge manager and book room worker. Without the volunteer support the work we do would not be possible.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... S Adams Trustee
Page 6
Burslem Methodist Mlsslon (Sivan Bank) Independent Examlner's Report to the trustees of Burslem Methodist MAssion (Swn Bank) I wort to tb¢ trte¢S on my cMinatiOn of th ArKowhLs of Butslem MethfyJist.Mi$3ion (Swatt Bank) for the year ended 31 August 2021. Responslbllitics and b#sls of report As the c]wity trusk¢s of Bw31¢rn M¢thodist Mission (Swatt BaTth) you are respon5ibl¢ for the pr¢paration of the accounTS in ac¢ordan¢e with ibe r¢quirernenrs of the Charities Acl 2011 ('the Act,). I report in respect of my examination of lhe Bur&lem Methodist Mission (Swan Bankl's a¢counts carried o Wlder sedion 145 of the 2011 Act And ill ¢anying out my examination I haye followed all the applicabl¢ Directions given by the Cljarity Commission under section 145(5)(b) ofthe Act. Independent ¢xgmtraer'i $tatemettt I have eothpleted my exAminatiotL I confjnn th41 n() material mRtters have come to my atteniion in COTm¢¢iion with the examination giying me cw8e lo believe that Ill gny rnarial tegpeci.. l. accoynting records w¢r¢ not kept in respect of Burslem Methodist Mission (Swan Bank) as required by 8ection I30 of the Aet. or 2. tlLe aceournts do not accord with those re¢ords'. or 3. the accounts do not Cop]Y with the &ceountin8 requiremcnrs ¢4)n¢erning the fonn and content of acwints sel oui in the Charities (Account5 and RepDrtsl Rt8ulations 2008 other than gny requirement that th¢ a¢counrs give a fair vieiv which is not a rnaiier {sIder ¥$ part of 8tt i)]deI exa1)1iOtt. I FLav¢ llo coneÈms bave tome acmss no oth¢T Mts ID ¢onnection with the e3am10a to wthich attention should b¢ (frnwn in tbis report in oider to enable a proper under5tsnding of th¢ accouts to be reached. ACMA VAST The Dudyon C¢ntr¢ Hope Street Stok¢ ottTrent STI 5DD Dat¢.' "Page 7
Burslem Methodist Mission (Swan Bank)
Statement of Financial Activities for the Year Ended 31 August 2021
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 4 Total income Expenditure on: Charitable activities 6 Total expenditure Net (expenditure)/income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 4 Other income 5 Total income Expenditure on: Charitable activities Total expenditure Net income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 193,266 4,265 13 197,544 (204,300) (204,300) (6,756) (379) (7,135) 184,830 177,695 Unrestricted funds £ 197,141 5,716 75 41,606 244,538 (208,596) (208,596) 35,942 (110) 35,832 148,998 184,830 |
Restricted funds £ 36,350 - - 36,350 (22,501) (22,501) 13,849 379 14,228 500,772 515,000 Restricted funds £ 23,665 7,964 - - 31,629 (25,958) (25,958) 5,671 110 5,781 494,991 500,772 |
Total 2021 £ 229,616 4,265 13 |
|---|---|---|---|
| 233,894 | |||
| (226,801) | |||
| (226,801) | |||
| 7,093 - |
|||
| 7,093 685,602 |
|||
| 692,695 | |||
| Total 2020 £ 220,806 13,680 75 41,606 |
|||
| 276,167 | |||
| (234,554) | |||
| (234,554) | |||
| 41,613 - |
|||
| 41,613 643,989 |
|||
| 685,602 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 16.
The notes on pages 10 to 20 form an integral part of these financial statements. Page 8
Burslem Methodist Mission (Swan Bank)
(Registration number: 1141130) Balance Sheet as at 31 August 202 J
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 12 | 484,804 | 478,624 |
| Current assets | |||
| Cash at bank and in hand | 13 | 227,301 | 216,411 |
| Creditors: Amounts flling due within one year | 14 | (19,410) | (9,433) |
| Net current assets | 207,891 | 206,978 | |
| Net assets | 692,695 | 685,602 | |
| Funds of the charity: | |||
| Restricted income funds | |||
| Restricted fnds | 16 | 515,000 | 500,772 |
| Unrestricted income funds | |||
| Unrestricted fnds | 177,695 | 184,830 | |
| Total funds | 16 | 692,695 | 685,602 |
The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
S Adams Trustee
The notes on pages IO to 20 form an integral part of these financial statements. Page 9
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Burslem Methodist Mission (Swan Bank) meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 10
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Research and development
Research and development expenditure is written off as incurred.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Government grants Grants from other charities Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities Other income from donations and legacies |
Unrestricted funds General £ 186,266 - 7,000 193,266 Unrestricted funds General £ 185,842 9,000 2,299 197,141 |
Restricted funds £ 18,229 10,988 7,133 36,350 Restricted funds £ 21,165 2,500 - 23,665 |
Total 2021 £ 204,495 10,988 14,133 |
|---|---|---|---|
| 229,616 | |||
| Total 2020 £ 207,007 11,500 2,299 |
|||
| 220,806 |
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Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
3 Income from charitable activities
| Room Hire Weddings and Funerals Birthday Compassion/Ghana Livestream & Broadcasting NXT donations Emilo Fund 4 Investment income Interest receivable and similar income; Interest receivable on bank deposits Interest receivable and similar income; Interest receivable on bank deposits 5 Other income Fees and supplies |
Unrestricted funds General £ 4,897 - - 819 - 5,716 |
Unrestricted funds General £ 25 4,240 4,265 Restricted funds £ - 545 7,319 - 100 7,964 Unrestricted funds General £ 13 13 Unrestricted funds General £ 75 75 Unrestricted funds General £ 41,606 |
Total 2021 £ 25 4,240 |
|---|---|---|---|
| 4,265 | |||
| Total 2020 £ 4,897 545 7,319 819 100 |
|||
| 13,680 | |||
| Total 2021 £ 13 |
|||
| 13 | |||
| Total 2020 £ 75 |
|||
| 75 | |||
| Total 2020 £ 41,606 |
Page 13
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
6 Expenditure on charitable activities
| Christmas Livestream and broadcasting Donations Computer equipment Utilities Insurance Property repairs and maintenance Bank charges Office costs Circuit costs Outreach Minibus costs Number 9&11 Coffee shop Book room Staff expenses Gospel car Christmas Livestream and broadcasting Donations Other Governance |
Unrestricted funds General £ - - - - 31,393 6,516 4,875 933 13,901 119,784 820 1,485 6,312 17,420 - 861 - 204,300 Unrestricted funds General £ - - - 148,004 60,592 208,596 |
Restricted funds £ 4,250 2,067 787 4,420 - - - - - - - - - - 7,807 - 3,170 22,501 Restricted funds £ 4,355 4,916 763 4,394 11,530 25,958 |
Total 2021 £ 4,250 2,067 787 4,420 31,393 6,516 4,875 933 13,901 119,784 820 1,485 6,312 17,420 7,807 861 3,170 |
|---|---|---|---|
| 226,801 | |||
| Total 2020 £ 4,355 4,916 763 152,398 72,122 |
|||
| 234,554 |
Page 14
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
7 Government grants
£1,000 was received from Stoke on Trent City Council towards food for the Christmas Day meal (2020:£nil). £9,988 was received from Stoke on Trent City Council to provide a weekly meal and support for families (2020:£nil).
The amount of grants recognised in the financial statements was £10,988 (2020 - £Nil). There were no unfulfilled conditions at the year end.
8 Net incoming/outgoing resources
Net incoming resources for the year include:
| Depreciation of fixed assets | 2021 £ 3,495 |
2020 £ 1,801 |
|---|---|---|
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
10 Independent examiner's remuneration
| 10 Independent examiner's remuneration | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Examination of the financial statements | 1,410 | 2,250 |
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 15
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
12 Tangible fixed assets
| Cost At 1 September 2020 Additions At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 13 Cash and cash equivalents Cash at bank 14 Creditors: amounts falling due within one year Other creditors Accruals |
Land and buildings £ 465,000 - |
Furniture and equipment £ 22,447 9,675 32,122 8,823 3,495 12,318 19,804 13,624 2021 £ 227,301 2021 £ - 19,410 19,410 |
Furniture and equipment £ 22,447 9,675 32,122 8,823 3,495 12,318 19,804 13,624 2021 £ 227,301 2021 £ - 19,410 19,410 |
Total £ 487,447 9,675 497,122 8,823 3,495 12,318 484,804 478,624 2020 £ 216,411 |
|
|---|---|---|---|---|---|
| 465,000 | 32,122 | ||||
| - - |
8,823 3,495 |
||||
| - | 12,318 | ||||
| 465,000 | 19,804 | ||||
| 465,000 | 13,624 | ||||
| 2021 £ 227,301 2021 £ - 19,410 19,410 |
|||||
| 2020 £ 4,133 5,300 |
|||||
| 9,433 |
15 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Other Within one year Between one and five years |
2021 £ 2,597 2,597 5,194 |
2020 £ 2,597 5,194 |
|---|---|---|
| 7,791 |
Page 16
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
16 Funds
| Unrestricted funds General General Restricted funds Christmas day Ghana Compassion Break-in donations & crowdfunder Gospel car Church building Action4children Live stream Circuit broadcast Burslem book room Access to cash Community meal Total restricted funds Total funds |
Balance at 1 September 2020 £ 184,830 11,773 - - 4,474 3,170 465,000 198 7,945 679 7,533 - - 500,772 685,602 |
Incoming resources £ 197,544 13,803 220 300 - - - - 3,468 1,418 - 6,133 11,008 36,350 233,894 |
Resources expended £ (204,300) (4,250) (325) (275) - (3,170) - (187) (1,684) (383) (7,807) (4,420) - (22,501) (226,801) |
Transfers £ (379) - 105 - - - - - - - 274 - - 379 - |
Balance at 31 August 2021 £ 177,695 21,326 - 25 4,474 - 465,000 11 9,729 1,714 - 1,713 11,008 |
|---|---|---|---|---|---|
| 515,000 | |||||
| 692,695 |
Page 17
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
| Unrestricted funds General General Restricted Christmas day Project No 11 Ghana Compassion Break-in donations & crowdfunder Gospel car Church building Action4children Live stream Circuit broadcast Emilo Tuesday club Burslem book room Total restricted funds Total funds |
Balance at 1 September 2019 £ 148,998 12,792 - - - 9,771 2,208 465,000 - - - 1,163 - 4,057 494,991 643,989 |
Incoming resources £ 244,538 3,001 50 220 433 - 2,500 - 198 8,072 5,468 100 3,131 8,456 31,629 276,167 |
Resources expended £ (208,596) (4,020) (50) (300) (463) (5,297) (1,538) - - (127) (4,789) (1,263) (3,131) (4,980) (25,958) (234,554) |
Transfers £ (110) - - 80 30 - - - - - - - - - 110 - |
Balance at 31 August 2020 £ 184,830 11,773 - - - 4,474 3,170 465,000 198 7,945 679 - - 7,533 |
|---|---|---|---|---|---|
| 500,772 | |||||
| 685,602 |
Page 18
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
The specific purposes for which the funds are to be applied are as follows:
Christmas Day
This fund is to work with those in our community, particularly those who are isolated, lonely and financially challenged to provide them with a full Christmas meal, entertainment and friendship on Christmas Day in the Church building or "meals on wheels" for those who are unable to leave their home.
Project No 11
This ia a project that was originally part of the charity which had separated in 2019.
Compassion/Ghana
Restricted funds to support link project(s) in Ghana working to relieve poverty.
Break-in donations and crowdfunder
This money came in through donations following a break and was donated to help the church in it's outreach work with vulnerable people particularly at Christmas but also throughout the year. To be used directly and also to enable the upkeep of the spaces in the premises used by those in the "vulnerable" category.
Gospel Car
This fund if for a heritage project called " The Gospel Car" which is an educational and historic cart that tours schools, fairs, heritage sites and museums. The funds are for the upkeep of the car and it's ongoig work.
Church Building
This fund represents the valuation of the premises of Swan Bank Church and Swan Bank Methodist Mission.
Action4children
Half of the donations at the Christingle service are given to this charity.
Live Stream & Circuit Broadcast
This fund was set up to enable services to continue online during Covid-19. The online giving funds wer set up to allow viewers to donate towards production costs.
Emilo
This fund was set up in order to help a Church member's family who were in need. Various gifts were made for the family and the remaining money was given to them.
Tuesday Club
This fund is used to allow a group of people within the Church to meet for fellowship and listen to guest speakers.
Burslem Book Room
This is a grant funded activity connected to the Church. Burslem Book Room is a library and community space, offering weekly engagement activities and an easy to use library service.
Access to cash
This is a grant to purchase 10 laptops to allow people to access on-line services.
Community Meal
This is a grant to provide a weekly meal and support for families throughout the year.
Page 19
Burslem Methodist Mission (Swan Bank)
Notes to the Financial Statements for the Year Ended 31 August 2021
17 Analysis of net assets between funds
| 17 Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 8,090 189,015 (19,410) 177,695 Unrestricted funds General £ 9,518 180,612 (5,300) 184,830 |
Restricted funds £ 476,714 38,286 - 515,000 Restricted funds £ 469,106 35,799 (4,133) 500,772 |
Total funds at 31 August 2021 £ 484,804 227,301 (19,410) |
| 692,695 | |||
| Total funds at 31 August 2020 £ 478,624 216,411 (9,433) |
|||
| 685,602 |
18 Related party transactions
There were no related party transactions in the year.
Page 20