## |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| ## ## ## ## ## ## ## ## ## ##