## **CHAPEL STREET METHODIST CHURCH PENZANCE** **(registered charity no.1147025)** ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31st AUGUST 2024** ## **NOTES TO THE ACCOUNTS** 1. The Closing Balances on 31[st] August 2024 are held as follows:- ||2024|2023| |---|---|---| |Lloyds Current Account|38,183.1
7|14,025.7
1| |Lloyds Instant Access Account|30,711.2
2|28,500.0
4| |LloydsTreasurer’sAccount|1,103.88|953.88| |CFB Account 1|6,019.52|31,615.3
3| |CFB 2 Account – Restricted fund|141,466.
71|137,263.
83| |Cash in hand|-|-| |**Total Across all accounts**|**217,484.**
**45**|**212,358.**
**79**| |Total Restricted Fund|141,466.
71|137,263.
83| |Total General Fund|**76,017.7**
**9**|75,094.9
6| ## 2. Regular giving, Gift Aid and GASDS Repayments ||2024|2023| |---|---|---| |Gift AidRepayment|6,488.75|| |GASDS|1,496.46|| |Sub-total|7,985.21|7,888.37| |Ofering–envelopes and cash|6,311.83|6,059.55| |Ofering–standing orders|41,092|41,073| |||| |**Total giving income**|**55,389.04**|**55,020.92**| 3. Lettings Receipts of the £16,921 received, £9,120 was rent from Big Dance Company up to February 2024. The remainder is largely from concerts. ## 4. Circuit Assessment The total paid this year was £56,574, an increase from £51,401 in 20223. 5. Donations in the year to 31[st] August 2023 included: - a. Generous donations from participants covered most of the Alpha course expenses, including the excellent suppers at each meeting. - b. The Book Group continue to meet and make regular donations to church funds. - c. Mazey Day takings amounted to £461, with small deductions for expenses. - d. £220.39 was donated following the closure of Little Fishes and its external account. 6. Council Tax We currently pay over £4,000 in council tax per year for Regent House – it rose to 200% of the standard tax this summer as the property has been empty for over 4 years. 7. Repairs and Maintenance: The unusually large sum of £57,608.26 comprises:- |General Repairs (including|6,361.19| |---|---| |Trelawney Fire call outs)|| |Annual Servicing (including Chubb,|2,261.07| |fre safety, electrical, Flamerite, etc)|| |Utility split costs|33,336.00| |Roof maintenance - scafolding|15,650.00| Following the sale of Centenary Hall, funds totalling £54,346.85 were received (upon application to TMCP from the Circuit Model Trust Fund. 8. Church Tithe Payments: As at 31[st] August 2024 Tithe Monies totaling £6,712 were held in the church bank account. This was made up of £6,429.20 General Tithe Monies and £282.80 Emergency Tithe Monies. During 2023/24 £8,716 was paid out of Tithe Fund. 9. Monies passed on to other charities The majority of this charitable giving, for which the church accounts are used as agency, was raised from coffee mornings. |Opening balance|£91| |---|---| |Moniesreceived|£1,628.89| |Monies paid over|£1,719.89| |Closing balance|£0| ## 10. Update on Restricted Funds: - £2,898 was paid out from the restricted fund, for the survey of Regent House and architect designs. With £7,100.88 received in interest on the restricted fund, the account total is now £141,466.71 and rising by approx. £500 each month. 11. The Church Reserve Policy was reviewed by Church Council in January 2020 and a General Reserve of £32,000 agreed. Reserves are currently above this level but I’m currently reviewing Methodist Reserve Policy Guidance to present any possible changes to our Reserve Policy at the next Church Council meeting. Receipts and Payments Summary – Year ending31st August 2024 ||||| |---|---|---|---| |**RECEIPTS**|**2024**|**2023**|**2022**| |Ofering-cash|6311.83|6059.55|9337| |Oferings-standing orders|41092|41073|38038| |Gift Aid & GASDS|7985.21|7888.37|8698| |**Sub-total**|**55389.04**|**55020.92**|**56073**| |Lettings|16921|25865|24149| |Bequest(restrictedfunds)|7100.88|72282.47|60030| |Bank interest|1242.13|6304.36|510| |Donations - inc internal
organisations|2484.47|2770.59|1774| |Sundryreceipts|17056.43|107.13|1328| |transfersfrom TMCP|54346.85||| |**TOTAL**|**154540.8**|**162350.47**|**143864**| ||||| |**PAYMENTS**|||| |Circuitassessment|56574|51401|41440| |Cleaner, cleaningmaterials|1755.08|3064.38|3066| |Council tax - Regent House|4016.49|3557.66|3566| |Utlities|8949.11|6669.53|6121| |Insurance|5592.06|7560.84|7302| |Repairs &maintenance|57608.26|3189.22|3059| |Bankcharges|98.11|95.75|98| |Church TithePayments|8716|10124|4950| |Sundry expenses|6014.98|3789.04|2823| |**TOTAL**|**149324.09**|**89451.42**|**72425**| ||||| |Charitable agencyreceipts|1628.89|2535.54|| |Charitable agency payments|1719.89|2464.54|| |Still to pay|0||| |**Opening balance across all**
**accounts (including £91 to**
**pay to external**
**organisations from 2023)**|**212358.75**|**139369**|**67930**| |Opening balance - General
Fund|75094.95|78715|67568| |Opening balance - Restricted
funds|137263.8|60654|362| ||||| |**Opening balance across all**
**accounts (excluding £91 to**
**pay)**|212267.75||| |General fund|75003.95||| |restrictedfund|137263.8||| ||||| |ClosingBalance-General Fund|76017.79|75094.96|78715| |Closing Balance - Restricted
Fund|141466.71|137263.83|60654| |**Total closing balance**|**217484.5**|**212358.79**|**139369**| |Interest received-General|1242.13|1977.14|| |Fund|||| |---|---|---|---| |Interest received - restricted
Fund|7100.88|4327.22|| CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Chapel Street Ivlethodist ChurGh Penzancè Church FOR THE YEAR ENDED 31 August 2024 West Cornwall Circuit Clrcult no. 3719 Reglstered Charity - CharSty RegFstration number If not a ￿gIstered charity HIS Majesty's Revenue and Customs Gift Aid number (The HMRC nurnber is equivalent to a registered charity number in terms of evidence of charitable status and may be used to glva to donors or grantfunders wishing to see eviden￿ of the organisation's charitable status. Melhodlst charlties In England and Wales that are not registered charities are excepted from registratlon under Statutory Instrument 2014 No.242) Minister: 1147025 Rev. Ral h Ward Church St8wards: John Bennetts Doreen Hocking steve Canning Maurice Holland Treasurer: Lisa Lavender Church-receipts-and-payments-2024- final 1of5 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Chapel Street Methodist Church Penzance Church Unrestricted Restrictsd Totals this Funds Funds year Totsls last year SECTION A a1 RECEIPTS Note a2 Offerin 5 and Tax ￿covered Bank and CFB interest and Investment income 55.389 55,389 55,021 1,242 16,921 73,888 147,440 7,101 8.343 16,921 73,888 154.541 6.304 25,865 75,160 162,350 a4 Lettin Other re￿(ptS . TOTAL RECEIPTS a6 7,101 (a7) SECTION B b1 PAYMENTS Circult Assessment or Share b2 56,574 8.716 57.608 56,574 8.716 57.608 51,401 b3 Donations b4 airs and Maintenan utilities (Insurances, water charges, heating & lighting) 3,189 b5 18,558 18,558 17,789 b6 b7 other payments TOTAL PAY￿ENTs 4,970 146,426 2,898 2,898 7.868 149,324 6,949 89,452 b8 Ib9) SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 a6-b8 1,014 5.217 72,898 Total funds brought foNard from last year c2 75,004 137,263 212 267 139,369 c3 Sub total c4+c2 141,468 217,484 2q2.267 c4 Transfers and ad'ustments (c7) TOTAL FUNDS AT END OF YEAR (c3+c4) 76.018 141,466 217,484 (c8) 212,267 (c6} SECTION D FOR INFORIVIATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS (these amounts are not to be included in totsl receiptslpayments fjgures above) d1 Balance brou ht fO￿ard from last ear 91 20 d2 Offerin sIGifts- recewed for extemal o ani5ations 1,629 2,536 d3 OfferingslGlfts - passed to external organisations 1,720 2.485 d4 BALANCE STILL TO BE PAID {d1+d2-d3} 91 aiurch4e¢¢iptwd-paym¢nts-2024- finol Chapel Street Methodlst Church PeTrzance Chureh UMMARYOFCHURC ACCOU TS AND INTERNAL RGANISATIONS REPORTJNG TO THE GHURCH COUMC SECTION E Ploasg foll wtha G ance No stocom his Sumtnary oflhe Church arLounts for the yearended 31 Augus12024 and Internal Organisabons reportthg to the Churth Caundvchurch Meellng. Note thatthefun¢$ of an Internal Orwlsation normallybe Re*icted funds untess Il could be cleafly shown thatthaycould be u5edforaryM8thodlsl pu￿OSe. Thi5 secuon musl be cempleted to arrive atthe gros5 b)cAxMe and expendlluretota15 of thè Church. If gross InL￿Me eX￿ed£ th8 Ac£wats threshold. then IhèAccnJats melhDd of accounllng AND A DIFFERENT FOIIM rnust be used to reportthe accounts (see Methodlstwebsttel. Ptease Teferlts thg guldance noie5 regardlng Irdnsfers betsveep 1he Dislrfctand connecled Oislrict Orllanlsatlon& INTERNAL ORGANISATIONS Npl Reeelptsl ments Opening balart£e$ Recei ent3 A6 ustrnents Closln tAlances Little Fl¥hes 1.818 1146 528 528 Sub ioial of Inlemal Or anlsati0Ths funds 1146 528 d2 huTGh a¢counlJ (tota16 brought fO￿ard from pag• 2-totats column) 154,541 140.324 {b91 ,217 Icn 212,267 Ic61 217,484 Ic81 olo BY CHURCH 156.159 151,470 4,689 212,795 (xl 217.484 Continuè on a separate 5heel ifneces5aryard brino th8 totals fonNaid TOTAL RECEIPTS TOTAL PAYMENTS SECTION F STATeME OF ASSETS AND IABILITIES OPENING BALANCES CLOSING BALANCES CHURCH- CA8H FUNDS HELD at 31 Au USt2024 Cash lfj hand Bank CuffenlAecJJunt 14.888 Bank 0sIIAttcount 30.711 r4 CentsBI F5nan￿ Board 16B679 147 4B7 Trustees for Melh￿l$t Church Purposes otherfunds SU8 TOTAL- Church •ocount6 Tot21 funds held by Intèmal Ofganlsati017$ (the closlng balance lolal from 8bovel le12) 212,267 1¢81 217,485 5ZB (e11) le121 TOTAL CASH FUNDS HELD BY CHURCH 212,795 Ix) 217,485 SECTION G At I Sepiembw 2023 At 31 Augu¥t2024 OTHER ASSETS and UABILITIE5 InvestmÈrsts Incivctg Endowmenfs & Bulldl see notes re In8Utanc8value 1224e 407 9 239 871 OtherAgset8 Loan - showamounl rithslandln at ear end OlheT Liaknlities f4 Inclu¢& ¢)nty Pund$ held althe Centsl FlnBnce Board In¢Jude onty Fund5 held ètTruslees lormthodlst Chvr¢h P￿rposeS g1 InclLtde 2Thy Olher tnvestmenls {nol Ihg c£sh element of TMCP trusts accounts th1915 Included in Iln8 f5 3016 Name of Church .. CHAPEL STREET MEfHODIST CHURCH PENZ4NCE 1147025 Declarations and Scrutiny I confirm that these Receipt and Payment based accounts for the year to 31 August 2024 have been prepared from the records of thè Church and that they include all funds under th& control of the Church trustees. Signatureof treasurer..,................................. Date.... 1811012024 Name and address of treasurer ........ LISA LAVENDER . 6 MARINE TERRACE. PENZANCE. TR184DL Presentation to the Church trustees I confirm that the annual repcrt and accounts for the year ended 31 August 2024 will be. presented to the meeting of the Church truste6s held on 0311212024....... Signature of the Chair of the meeting Name of the Chalr of the meeting Date . Independent Exam iner's Report to the Trustees of the sr rfKt+l(!D Is l.Church 11 L¥iLs Charlty Number .............. Respon8lbilities and basis of report I report to the trustees on my examinatlon of the accounts of the CHAPEL STREET METHODIST Church forthe year ended 31 August 2024 set out on pages 1.. to . .3. 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,). orti and ca mmis spect of my examination of the Church's accounts carried out under section 145 of the Act rying out my examination, I have followed all the applicable Dlrectlcns given by the Charity on under seclion 145(5)(b) of the Act. delete or circle as appropriate Churthre￿Ip[S-aTrd?3YMPnl￿2o24. Ilnal 4of5 Name of Church .. CHAPEL STREET MEfHODIST CHURCH PENZANCE No 1147025 Independent EXaMine￿S Statement ve mpleted my examination, I confirm that no material matters have come to my attention in ction with the examination (other than that disclosed belo￿) which give me cause to believe in, y material respect: con counting records were not kept in accordance with section 130 of the Act., or ounts do not accord with thè accounting records. th I have no concerns and have come across no other matters In connèction 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. havelha e not. obtained independent verification of all investments with the Trustees for Mathodist urposes or held in other trusts, bank balan￿S and funds at the Central Finance Board of dist Church which are individually in excess of £10,000 (ten thousand pounds) at the lance sheet date. th Slgnature of independent examiner Namè of independent examiner Co.Li.NJ.........(jg.o.o.Lc&G Relevant professional qualification of independent examiner F.S¢.C.H.cth) Name of firm (where appropriate) Address 2.Y ..rÈxTrLIo .A.Al ..G.ul.kLk.Y... ..c.A.Qhè h/ l) o w.d.£.... Post Code Date delete or circle as appropriate FormRtrdowÉd ChurGh-reGeipts-and-payments-2024- final 5of5