| mes | ofthe charity t | rustees | who mana | g | e t | he chari | ty | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Name ofperson | ||||||||||
| Trustee name | Office(s) | held | during ihe year (ifany) | Dates acted ifnot for whole year |
(or body) entitled to appoint |
|||||
| trustee ifan |
||||||||||
| 1 | John Bowen | |||||||||
| 2 | Maureen Darby |
Property | Committee | Secretary | ||||||
| 3 | Andrew Emm |
|||||||||
| 4 | Margaret Ferrer |
Property | Committee | Chair | ||||||
| 5 | Elisabeth Freeman |
MHA Circuit | Rep | |||||||
| 6 | June Gabbitas | |||||||||
| 7 | Rebekah Harris |
|||||||||
| 8 | Caroline Holden |
|||||||||
| 9 | Ann Howe | Sep 21 - Jul 22 | ||||||||
| 10 | Graham Howe |
Steward | ||||||||
| 11 | Jo Parkinson | |||||||||
| 12 | Tony Parkinson | Steward | ||||||||
| 13 | Mark Preedy | Uniformed | Organisation | Rep | ||||||
| 14 | Joanna Rhodes | Treasurer | ||||||||
| 15 | Penny Sharpies | Safeguarding | Officer | |||||||
| 16 | Margaret Weir | Pastoral | Committee | Secretary | ||||||
| 17 | Pamela Weston | Church | Council Secretary | |||||||
| 18 | Mark Whitehouse | Steward | ||||||||
| 19 | Rev. Jeongsook | Kim | Minister |
| Brief statement charity's policy |
Brief statement charity's policy |
ofthe on reserves |
ofthe on reserves |
ofthe on reserves |
The covid pandemic had a major impact on the church's finances as lettings income diminished. However, the general operations ofthe Church and lettings income recovered in 2021/22 with the accounts |
|
|---|---|---|---|---|---|---|
| showing a small surplus on general expenditure alongside planned |
||||||
| investments from a legacy fund to support a Children and Young Families |
||||||
| Missioner and to replace the church's boilers. There was a small |
||||||
| reduction in the value ofthe general investments ofthe Church. |
||||||
| Overall, the Church general reserves and legacy fund reduced by 225,696.30and associated investments by E1,477.34. |
||||||
| As at31"August 2022 total general reserves and associated |
||||||
| investments stood at 694,503.20 made up of |
||||||
| ~ 687,686.59 in general reserves, |
||||||
| ~ E6,257.42 remaining in the legacy fund, |
||||||
| ~ f559.19in the Benevolent Fund |
||||||
| In addition, the Church benefits from interest from two permanent |
||||||
| endowments, invested in funds managed by the Central Finance Board |
||||||
| ofthe Methodist Church, with a value off22,707.65 providing f511.41 |
in | |||||
| interest to the Church in 2020/21. |
||||||
| The Church's current policy is to stabilise general income and |
||||||
| expenditure following the covid pandemic, and then seek to maintain |
||||||
| general reserves and investments off45,000to 650,000, this being |
||||||
| approximately 45%-50%ofthe annual ordinary operating expenditure |
of | |||||
| the Church. | ||||||
| Details ofany funds in deficit |
materially | n/a | ||||
| Further financial | review details | (Optional information) |
||||
| You may choose to include additional information, where relevant about: ~ the charity's principal sources offunds (including |
Sources offunds The Church raises its funds by weekly offerings and donations from members and those attending worship; through lettings ofthe church's buildings and feed-in-tariffs from solar panels. Interest is received on church funds held in bank/savings accounts and from investments. |
|||||
| any fundraising); | Investments | |||||
| ~ | how expenditure has supported the key objectives ofthe charity; |
Of its general reserves off94,503.20 at the end ofthe financial year the Church held 638,534.67 in investments managed by the Central Finance Board (CFB)ofthe Methodist Church in the CFBManaged Mixed Fund. |
||||
| ~ | investment policy |
and | Use ofreserves | |||
| objectives including ethical investment adopted. |
any policy |
Following the receipt ofa substantial legacy in 2014/15 the Church employed a children and young families missioner from this legacy to further its charitable objectives and agreed a number of building |
||||
| improvement projects. The legacy continued to be spent on these |
||||||
| projects in 2020/21. The balance on the fund at the end ofthe financial |
||||||
| year was E6,257.42 | ||||||
| Accounts for 2021/22 |
| Unrestricted | Restricted | Totals this | Totals last | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SECTION A | Funds | Funds | year | year | ||||||
| a1 | RECEIPTS | Note | ||||||||
| a2 | Offerin s and Tax recovered |
63,761 | 63,761 | 49,537 | ||||||
| Bank and CFB interest and | ||||||||||
| a3 | Investment income |
607 | 607 | 464 | ||||||
| a4 | Lettin s | 27,345 | 27,345 | 6,638 | ||||||
| a5 | Other receipts | 3,022 | 3,022 | 4,819 | ||||||
| a6 | TOTAL RECEIPTS | 94,735.28 | 94,735 | (a7) | 61,459 | |||||
| SECTION B | ||||||||||
| b1 | PAYMENTS | |||||||||
| b2 | Circuit Assessment | or Share | 69,276 | 69,276 | 69,276 | |||||
| b3 | Donations | 1,992 | 1,992 | 5,317 | ||||||
| b4 | Re airs and Maintenance | 30,764 | 30,764 | 13,937 | ||||||
| Utilities (Insurances, | water | |||||||||
| b5 | charges, heating 8 lighting) |
6,337 | 6,337 | 5,574 | ||||||
| Church Missioner salary, expenses |
and | |||||||||
| b6 | events | 10,681 | 10,681 | 13,872 | ||||||
| b7 | Other payments | 1,382 | 1,382 | 3,718 | ||||||
| b8 | TOTAL PAYNIENTS | 120,431.58 | 120,432 | (b9) | 111,694 | |||||
| SECTION C | ||||||||||
| NET RECEIPTS/PAYMENTS | ||||||||||
| C1 | FOR THE YEAR | a6-b8 | 25,696 | 25,696 | 50,236 | |||||
| Total funds brought | forward | from | ||||||||
| c2 | last year | 81,106 | 559 | 81,665 | c6 | 131,901 | ||||
| C3 | Sub total | c1+c2 | 55,409 | 559 | 55,969 | 81,665 | ||||
| c4 | Transfers and ad'ustments |
|||||||||
| c5 | TOTAL FUNDS AT | END OF YEAR | (c3+c4) | 55,409 | 559 | 55,969 | (c8) | 81,665 (c6) |
| FOR INFORMATION ON |
LY: MONEY R | ECEIVED AND PASSED ON | TO EXTERNAL O | RGANISAT | |
|---|---|---|---|---|---|
| (these amounts are not |
to be included | in total receipts/payments | figures above) | f | |
| d1 | Balance brou ht forward |
from last ear |
|||
| d2 | Offerin s/Gifts - received |
for external or | anisations | 1,160 | |
| Offerings/Gifts -passed |
to external organisations | 1,140 | |||
| d4 | BALANCE STILL TO BEPAID | (d1+d2-d3) | 25 |
| Unrestricted | Restricted | Totals this | Totals last | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SECTION A | Funds | Funds | year | year | ||||||
| a1 | RECEIPTS | Note | ||||||||
| a2 | Offerin s and Tax recovered |
63,761 | 63,761 | 49,537 | ||||||
| Bank and CFB interest and | ||||||||||
| a3 | Investment income |
607 | 607 | 464 | ||||||
| a4 | Lettin s | 27,345 | 27,345 | 6,638 | ||||||
| a5 | Other receipts | 3,022 | 3,022 | 4,819 | ||||||
| a6 | TOTAL RECEIPTS | 94,735.28 | 94,735 | (a7) | 61,459 | |||||
| SECTION B | ||||||||||
| b1 | PAYMENTS | |||||||||
| b2 | Circuit Assessment | or Share | 69,276 | 69,276 | 69,276 | |||||
| b3 | Donations | 1,992 | 1,992 | 5,317 | ||||||
| b4 | Re airs and Maintenance | 30,764 | 30,764 | 13,937 | ||||||
| Utilities (Insurances, | water | |||||||||
| b5 | charges, heating 8 lighting) |
6,337 | 6,337 | 5,574 | ||||||
| Church Missioner salary, expenses |
and | |||||||||
| b6 | events | 10,681 | 10,681 | 13,872 | ||||||
| b7 | Other payments | 1,382 | 1,382 | 3,718 | ||||||
| b8 | TOTAL PAYNIENTS | 120,431.58 | 120,432 | (b9) | 1'I1,694 | |||||
| SECTION C | ||||||||||
| NET RECEIPTS/PAYMENTS | ||||||||||
| c1 | FOR THE YEAR | a6-b8 | 25,696 | 25,696 | 50,236 | |||||
| Total funds brought | forward | from | ||||||||
| c2 | last year | 81,106 | 559 | 81,665 | c6 | 131,901 | ||||
| c3 | Sub total | c1+c2 | 55,409 | 559 | 55,969 | 81,665 | ||||
| c4 | Transfers and ad'ustments |
|||||||||
| c5 | TOTAL FUNDS AT | END OF YEAR | (c3+c4) | 55,409 | 559 | 55,969 | (c8) | 81,665 (c6) |
| FOR INFORMATION ON |
LY: MONEY R | ECEIVED AND PASSED ON | TO EXTERNAL O | RGANISAT | |
|---|---|---|---|---|---|
| d | (these amounts are not |
to be included | in total receipts/payments | figures above) | f |
| d1 | Balance brou ht forward |
from last ear |
|||
| d2 | Offerin s/Gifts - received |
for external or | anisations | 1,160 | |
| d3 | Offerings/Gifts -passed |
to external organisations | 1,140 | ||
| d4 | BALANCE STILL TO BEPAID | (d1+d2-d3) | 25 |