2022-08-31-accounts - Trinity Methodist Church, Oadby

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The Methodist Church TRINITY METHODIST CHURCH, OADBY

ANNUAL REPORT AND ACCOUNTS

2021– 2022

Regd. Charity No: 1143707

Administrative information

The Church is part of the Leicester Trinity Circuit (23/7) in the Northampton District of the Methodist Church of Great Britain.
Church Address: Trinity Methodist Church, Harborough Road, Oadby, Leicester LE2 4LA
Church Membership at 31.08.22: 116

Aims

The calling of the Methodist Church is to respond to the gospel of God’s love in Christ and to live out its discipleship in worship and mission.
Trinity Methodist Church, Oadby aims to be “A church for all at the heart of the community”.
The Church’s Mission Statement (approved by Church Council in June 2009) states:

Trinity is a church which

Encourages growth in the Christian faith
Reaches out to all in the community
Aims to care for everyone
Shares God’s love through worship and service
Responds with others to God’s call to Mission.

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

Page 1

Organisation

The Church Council (whose members are the Managing Trustees) is the principal body responsible for the affairs of the Church. Its remit encompasses the spiritual life and growth of the church family, its outreach, and its administrative and financial affairs. Detailed governance arrangements are outlined in The Constitutional Practice and Discipline of the Methodist Church (CPD) by order of the Annual Conference of the Methodist Church. Meetings of the Council are chaired by the Minister (or in his absence by the Superintendent Minister or one of her colleagues).
The Trustees receive no remuneration or other financial benefits from their work. All decisions taken by the Church Council are minuted. Meetings are held at least once each quarter (normally in October, December, March and June).
The Church Stewards act as the Senior Leadership Team on behalf of the Church Council. They are assisted by ‘teams’ which cover different areas of church life: Family, Finance, Outreach, and Worship. There is also a separate Pastoral Committee which is responsible, with the Minister, for overseeing the pastoral care and spiritual welfare of the church family.
Zak’s Café Ltd is a trading subsidiary of the parent charity, Trinity Methodist Church. The Directors of Zak’s Cafe Ltd (which trades as Zeph’s) take responsibility for the management and day-to-day operation of the cafe on behalf of the Church Council and they report to it regularly.
As part of the induction to their role as trustees all new Church Council members receive a copy of the document The role of a trustee in the Methodist Church together with a copy of the Safeguarding Policy agreed by Church Council. Trustees are required to complete a Declaration of Trustee Eligibility annually.
The Church’s Safeguarding Policy is reviewed annually. A Safeguarding Officer is in post and CRB/DBS checks are carried out as necessary. The Church Council is committed to the implementation of Connexional Safeguarding policy and to the provision of support, advice and training to enable people to be clear and confident about their roles and responsibilities in safeguarding and in promoting the welfare of children and adults who may be vulnerable.

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Review of progress and achievements

• The twelve months covered by this report represented a period of recovery from the significant disruption to normal activities caused by the coronavirus pandemic and resulting restrictions. The normal pattern of Sunday worship resumed, with the exception of the monthly evening service which ceased because of declining numbers and the alternative availability of an on-line worship organised at Circuit level. Zeph’s Café was able to trade fully once more, and the church’s income from lettings steadily improved, albeit at a lower level than pre-pandemic.

• The Church Council met on four occasions during the year: in October and December 2021 and March and June 2022. . At each of those meetings, as well as completing the formal business, an opportunity was provided to share ‘good news’ about the life and activities of Trinity.

• During the year the formalities were completed to register the premises as a venue to conduct same-sex marriages. Trinity also enrolled as a corporate member of the Inclusive Church network.

• A General Church Meeting was held following the morning service on Sunday 1st May 2022. The meeting received a booklet of written reports from Church activities and organisations covering the period since the previous meeting held in July 2021. The reports indicated that despite the difficulties of the previous two years, there was much to celebrate in the life of the church and the way in which its members had responded to adversity. Six Church Stewards and nine representatives to the Church Council were reelected.

• Trinity continued to enjoy strong links with its ‘sister churches’ in Great Glen and Houghton on the Hill for which the Revd Derek McLean also had pastoral charge.

• The Church continued to play its part as a constituent member of Churches Together in Oadby (CTiO).

• The prayer group resumed its regular meetings on the premises each Saturday morning. In addition, the prayer circle which is organised via email proved invaluable during the months of ‘lockdown’.

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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• The Minister continued to produce a regular pastoral letter which was widely distributed and much appreciated. Pastoral visitors were able to resume face to face visits where appropriate and also continued to keep in touch by telephone and email with members of the church family, particularly those who live alone.

• Zeph’s Cafe, was open to the public six days each week from 9.30am until 4.30pm, and in addition its programme of special events such as Fish Frydays and other themed evenings proved to be increasingly popular.

• The Oadby Foodbank, operating (rent-free) from the church premises, continued its valuable work and served an increased number of families who found themselves in need of its support each fortnight.

• Work with children and young people normally included the monthly Young Families sessions on Sunday mornings, Messy Church activities organised ecumenically through CTiO , and the popular ‘Santa’ and ‘Easter’ Breakfasts in Zeph’s which are followed by craft and story-telling activities. via post and email.

• In spite of the financial challenges which Trinity faced during the year, the church continued to support a variety of organisations and agencies which work with those in special need, including Christian Aid , All We Can (Methodist Relief and Development Fund), Action for Children, and MHA, as well as a local charity After 18.

• The Church premises were let to a wide variety of individuals and community bodies. The Helping Hands advice clinic operated on the premises on one morning each week continued its sessions: its work is valued by the local community.

• Trinity has a website – www.oadbymethodist.co.uk – which is up-dated regularly. The church newsletter, Affinity, was published regularly during the year. Weekly church notices were made available to members via email and in printed copies available in the church foyer.

• The property continued to be exceptionally well maintained and is in good order throughout, thanks to a small and pro-active Premises Team. .

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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• Health and Safety Risk Assessment and room-by-room Fire Risk Assessment have been undertaken.

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Financial information

The Trustees maintain financial arrangements requiring dual signatures on all cheques, and prior approval for all except minor items of expenditure.
The financial results for the year 2021-22 reflected the continuing impact of the coronavirus pandemic disruption to church life. Collections and donations were both significantly less than in the previous year, but income from lettings saw an increase on the previous year of £11,035. Trinity received a grant of £5,443 from the Leicester Trinity Circuit in support of its on-going work in the community.
The largest single item of expenditure was the Circuit Assessment (£52,819), followed by repairs and maintenance which amounted in total to £21,338.
Reserves Policy: It is the church’s policy to attempt to maintain non-restricted funds equivalent to 50% of annual expenditure. This policy is reviewed annually.
The church’s non-restricted funds include ‘designated’ funds, which are held as part of the General Funds balance. These resources need to be available to ensure appropriate care and maintenance of the building and of the church organ.
The church has three restricted fund balances: (1) The J.C. Ward bequest which can only be utilised for redecoration purposes; (2) the Benevolence Fund for use at the discretion of the Minister in cases of urgent personal need; (3) the Vickerman bequest for expenditure on the organ.
Investment policy: The General Fund, held in a current account at Lloyds Bank, operates at a level to sustain ongoing expenditure. The remainder is invested at the Methodist Church Central Finance Board, where although the level of interest is currently very low, it is competitive for instant, nonpenalised access in the present financial environment.

Future plans

At the end of the reporting year the Managing Trustees continued, despite current challenges, to find encouragement in many aspects of Trinity's activities and remain committed to work to realise the vision to be “a Church for all at the heart of the community”.

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Annual Financial Statements

Basis of preparation

As treasurer I confirm that I have prepared the accounts for the year ended 31 August 2022 from the records of the Church and Zaks Café and they include all funds under the control of the Church Council

----- Start of picture text -----
Signature of Date 7 December
D Frost
Treasurer 2022
Name David Frost
Address 9 Coombe Rise,
Oadby, Leicester,
LE2 5TJ
----- End of picture text -----

Presentation to the Church Council for approval.

I confirm that the Accounts have been presented to the Church Council on 7 December 2022 and were approved.

Signature of the D McLean Chair of the meeting

Name of the Chair of Rev Derek McLean the meeting Date 7 December 2022 _______________

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

Page 7

Statement of Financial Activities for the year ended 31 August 2022

	Notes to the accounts	Unrestricted funds	Designated Funds	Restricted Funds	Total 2021-22
		£	£	£	£
Income and Endowments from:
Donations and legacies
- Collections and tax credit		63,994	-	-	63,994
- Donations &grants		11,688	-	-	11,688
- Legacies		-	-	-	-
Charitable activities		-
- Fund raising		-			-
- Others		965	988		1,953
Other tradingactivities		-
- Lettings		18,940			18,940
- Zak's café		167,060	-	-	167,060
Investments		220	-	-	220
- Internal organisations		-	-	1,848	1,848
- Covid supportgrants		3,917	-	-	3,917
Total		266,784	988	1,848	269,620
Expenditure on:
Salaries,NIC & Pension costs	6	115,943			115,943
Circuit Assessment		52,819			52,819
Repairs and maintenance		21,544	2,000		23,544
Café direct sales		44,060			44,060
Utilities(insurance,heat and light,water,etc)		18,319			18,319
Expenditure on otherproperty		-			-
Depreciation	9	5,244			5,244
Internal organisations		-	-	2,350	2,350
Grants and Donations		6,985		-	6,985
Other expenditure		36,318		-	36,318
Total		301,232	2,000	2,350	305,582

Net income/(expenditure)		(34,448)	(1,012)	(502)	(35,962)
Transfers between funds		0	-	-
		(34,448)	(1,012)	(502)	(35,962)
Other recognisedgains/ (losses):
Gains/(Losses)on revaluation of fixed assets		235			235
Gains/(Losses)on investment assets					-
Net movement in funds		(34,213)	(1,012)	(502)	(35,727)
Reconciliation of funds:
Total funds brought forward		2,750,912	39,500	17,898	2,808,310
Total funds carried forward		2,716,699	38,488	17,396	2,772,583

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Comparative Statement of Financial Activities for previous year ended 31 August 2021

	Notes to the accounts	Unrestricted funds	Designated Funds	Restricted Funds	Total 2020-21
		£	£	£	£
Income and Endowments from:
Donations and legacies
- Collections and tax credit		64,931	-	-	64,931
- Donations &grants		22,830	-	-	22,830
- Legacies		-	-	-	-
Charitable activities		-
- Fund raising		-			-
- Others		2,149			2,149
Other tradingactivities		-
- Lettings		7,905			7,905
- Zak's café		73,966	-	-	73,966
Investments		-	-	73	73
Other		-
- Internal organisations		-	-	80	80
- Covid supportgrants		53,030	-	-	53,030
Total		224,811	-	153	224,964
Expenditure on:
Salaries,NIC & Pension costs	6	84,434			84,434
Circuit Assessment		51,783			51,783
Repairs and maintenance		15,856	-		15,856
Café direct sales		17,426			17,426
Utilities(insurance,heat and light,water,etc)		10,455			10,455
Expenditure on otherproperty		-			-
Depreciation	9	5,226			5,226
Interest on loans		-	-	-	-
Internal organisations		-	-	479	479
Grants and Donations		6,300		-	6,300
Other expenditure		18,401		-	18,401
Total		209,881	-	479	210,360

Net income/(expenditure)		14,930	-	(326)	14,604
Transfers between funds		0	-	-
		14,930		(326)	14,604
Other recognisedgains/ (losses):
Gains/(Losses)on revaluation of fixed assets					-
Gains/(Losses)on investment assets					-
Net movement in funds		14,930		(326)	14,604
Reconciliation of funds:
Total funds brought forward		2,735,909	39,500	18,297	2,793,706
Total funds carried forward		2,750,839	39,500	17,971	2,808,310

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Balance Sheet as at 31 August 2022

Notes Tangible Fixed Assets*	Notes Tangible Fixed Assets*	Unrestricted £	Designated (Unrestricted)	Restricted £	Totals this year £

Land & Buildings	9	2,670,000			2,670,000
Equipment	9	11,276			11,276
Investmentproperties
Investments
*Totalfixed assets*		2,681,276			2,681,276
Current Assets
Stock		2,413			2,413
Debtors and Prepayments		14,512			14,512
Cash at Bank and in hand		15,528			15,528
Trustees for Methodist Church Purposes deposits
Central Finance Board Deposits		2,254	29,500	16,262	48,016
Other		9,615	8,988	1,134	19,737
*Total current assets*		44,322	38,488	17,396	100,206
Creditors and Accruals (due in under 1yr)		8,899			8,899
Net current assets(liabilities)		35,423	38,488	17,396	91,307
*Total assets less current* *liabilities*		2,716,699	38,488	17,396	2,772,583

Loans and creditors due after 1 year
Provisions for liabilities and charges

*Net assets*	8	2,716,699	38,488	17,396	2,772,583
Funds of the Church
Unrestricted funds		2,716,699	38,488		2,755,187
Restricted funds	12			17,396	17,396
Endowment funds
*Total Funds*		2,716,699	38,488	17,396	2,772,583

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Comparative Balance Sheet for 31 August 2021

----- Start of picture text -----
Unrestricted Designated Restricted Totals this
(Unrestricted) year
£ £ £
Tangible Fixed Assets
Notes
Land & Buildings 9 2,670,000 2,670,000
Equipment 9 14,459 14,459
Investment properties
Investments
Total fixed assets 2,684,459 2,684,459
Current Assets
Stock 2,178 2,178
Debtors and Prepayments 38 38
Cash at Bank and in hand 27,382 27,382
Trustees for Methodist Church
Purposes deposits
Central Finance Board Deposits 24,772 30,019 16,334 71,125
Other 13,450 9,481 1,637 24,568
Total current assets 67,820 39,500 17,971 125,291
Creditors and Accruals (due in
under 1 yr) 1,440 1,440
Net current assets (liabilities) 66,380 39,500 17,971 123,851
Total assets less current
liabilities 2,750,839 39,500 17,971 2,808,310
Loans and creditors due after 1
year
Provisions for liabilities and
charges
Net assets 8 2,750,839 39,500 17,971 2,808,310
Funds of the Church
Unrestricted funds 2,750,839 39,500 2,790,339
Restricted funds 12 17,971 17,971
Endowment funds
Total Funds 2,750,839 39,500 17,971 2,808,310
----- End of picture text -----*

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Notes to the Accounts

1 Basis of accounting

The financial statements have been prepared under the Charities Act 2011 in accordance with the 2015 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102 – the Charities SORP (FRS102) and taking note of the Update Bulletins 1 and 2.

2 Funds

The funds held constitute: General Funds held for any purpose of the Church which are Unrestricted, this includes the funds held for the operation of Zak’s cafe. There are a number of Designated funds which are being held for specific purposes while the Restricted funds include the internal organisations of the church which are under the direct control of the church council, There are no Endowment funds. Any funds may be represented by more than just cash.

3 Accounting policies

Basis

These accounts have been prepared on the basis of historical cost except that the church building is included at deemed cost being the Insurance valuation in 2015.

Incoming Resources

Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Covid furlough scheme funding has been treated as income within the 2020-21 accounts.

Resources Expended

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out resources.

VAT

VAT incurred on the cost of purchases for the running of the church is charged as a cost of operation, while the VAT related to the operation of , Zak’s is recovered against output tax raised on sales.

Tangible fixed assets for use by the Church and Cafe

Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. The freehold property is shown in the accounts at 2015 deemed values, of which the land component is deemed to be £400,000. No depreciation is provided on the buildings because the trustees consider the current residual fair value of the building (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.

Investments

Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments

All debtors relate to the trading activity of the café,.

Creditors

Creditors include both sundry expenses.

4 Payment to Trustees

There were no payments made to trustees for additional services provided to the Church.

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5 Fees for examination or audit of the accounts

	2021/22 £ Nil Nil 2021/22 108,267 4,580 3,096 115,943 5 Nil	2020/21 £
	Nil	Nil
	Nil	Nil
£ £ £ £		2020/21
		77,692
		3,985
		2,757
		84,434

		5
		Nil

6 Paid employees

7 Capital Commitments and Contingent Liabilities

8 For information only Money received and passed on to External Organisations

Balance brought forward from last year Offerings/Gifts - received for External Organisations Offerings/Gifts - passed to External Organisations Balance carried forward	2021/22		2020/21
	£		£

	200		1,918
	200		1,918
	0		0

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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9 Tangible Fixed Assets

Cost or valuation

	Land £	Buildings £	Fixtures, fittings and equipment £	Total £
Balance brought forward	400,000	2,270,000	64,242	2,734,242
Additions			2,061	2,061
Revaluations (+/-)
Disposals (-)
Transfers*(+/-)
Balance carried forward	400,000	2,270,000	66,303	2,736,303

Accumulated depreciation

Balance brought forward			49,783	49,783
Depreciation charge for year (-)			5,244	5,244
Revaluations (+/-)
Disposals (-)
Transfers*(+/-)
Balance carried forward			55,027	55,027
Net book value
Brought forward	400,000	2,270,000	14,459	2,684,459
Carried forward	400,000	2,270,000	11,276	2,681,276

10 Investment assets

The church has no Investment properties

The church has no common investment fund holdings

11 Loans

The Church currently has no loans outstanding

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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12 Analysis of restricted funds

Restricted Fund Name	Opening Balance	Incoming Resources	Resources Expended	Closing Balance	Purpose of the fund

Benevolence Fund	869	0	0	869	Support for individuals in specific need


Welcome on Wednesday	391	1405	1504	292	Internal group.


Thursday Fellowship	464	43	507	-	Internal group.

J C Ward fund	1,698			1,698	Building maintenance fund

Vickerman organ fund	10,211			10,211	Organ repair fund

Zephs’ Purse	782	400	339	843	Café hospitality fund

Outreach fund	3,484			3,484	Support for community outreach initiatives

Totals	17,899	1848	2350	17,397

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Independent Examiner’s Report to the Trustees of Oadby Trinity Methodist Church

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the Oadby Methodist Church for the year ended 31 August 2022 set out on pages 8 to 15.

As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Church's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

The Church's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of Chartered Institute of Management Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Act; or
the accounts do not accord with the accounting records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

I have not obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.

Name

William Keith Brooks ACMA

Address

2a Stanfield Road Duston Northampton

Date

1[st] December 2022

Oadby Trinity Methodist Church Annual Report and Accounts 2021/22

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Appendix A

CHURCH COUNCIL MEMBERSHIP

Managing Trustees (Church Council Members), 2021-2022

Revd Derek McLean (Chair) Revd Paula Hunt (Superintendent Minister) Revd Dr Israel Selvanayagam David Adams Graham Austen Alison Baker Barbara Bell Ian Bell Donald Candlin Marion Candlin Khavita Chibba (from June 2022) Helen Cooper Heather Corlett Anne Dodge Michael Elliott David Frost (Church Treasurer) Lesley Green Charles Hilton (Circuit Steward) Suzanne Kelly Penny Lee Tricia Lockley (to May 2022) Christine McLean Stella Orbell (from June 2022) Diane Price Howard Smith (Church Council Secretary/Charity Commission contact) Barry Wilford (Senior Church Steward) Janice Wilford Jonathan Wilford Alison Wootton

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