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 (Sw*n Bank) I wort to tb¢ tr￿te¢S on my c￿MinatiOn 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 $tatemettt I have eothpleted my exAminatiotL I confjnn th41 n() material mRtters have come to my atteniion in COTm¢¢iion with the examination giying me cw8e lo believe that Ill gny rna*rial tegpeci.. l. accoynting records w¢r¢ not kept in respect of Burslem Methodist Mission (Swan Bank) as required by 8ection I30 of the Aet. or 2. tlLe aceournts do not accord with those re¢ords'. or 3. the accounts do not Co￿p]Y with the &ceountin8 requiremcnrs ¢4)n¢erning the fonn and content of acwints sel oui in the Charities (Account5 and RepDrtsl Rt8ulations 2008 other than gny requirement that th¢ a¢counrs give a fair vieiv which is not a rnaiier {￿sIder￿ ¥$ part of 8tt i)]de￿I exa￿1)￿1iOtt. I FLav¢ llo coneÈms bave tome acmss no oth¢T M*t￿s ID ¢onnection with the e3am10a￿ to wthich attention should b¢ (frnwn in tbis report in oider to enable a proper under5tsnding of th¢ accou￿ts 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. Page 11 ## **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| Page 12 ## **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