## **Trustees' Annual Report for the period** Period start date Period end date **From 01 09 2022 To 31 08 2023** ## Section A Reference and administration details **Charity name** Dale Street Methodist Church **Other names charity is known by Registered charity number (if any)** 1153330 **Charity's principal address** Dale Street Leamington Spa **Postcode CV32 5HL** ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21|**Trustee name**|**Office(s) held during the year (if any)**|**Dates acted if not for**
**whole year**|**Name of person**
**(or body) entitled**
**to appoint**
**trustee (ifany)**| |---|---|---|---|---| ||Margaret Begg|Steward|From May23|| ||John Bowen|||| ||Maureen Darby|PropertyCommittee Secretary||| ||Andrew Emm|PropertySteward||| ||Margaret Ferrer|PropertyCommittee Chair||| ||Elisabeth Freeman|MHA Circuit Rep||| ||June Gabbitas|||| ||Rebekah Harris||Until May23|| ||Caroline Holden||Until Feb 23|| ||Graham Howe|Steward||| ||Edwina McConville|Steward|From May23|| ||Jo Parkinson|||| ||TonyParkinson|Steward||| ||Mark Preedy|Uniformed Organisation Rep||| ||Joanna Rhodes|Treasurer||| ||PennySharples|SafeguardingOfficer||| ||Margaret Weir|Pastoral Committee Secretary||| ||Pamela Weston|Church Council Secretary|Until May23|| ||Mark Whitehouse|Steward||| ||Rev. Jeongsook Kim|Minister|Until Aug23|| ||Rev Tina Brooker|Minister|From Sept 23|| ## **Names and addresses of advisers (Optional information)** **TAR** 1 **Type of adviser Name N/a** **Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Approved governing document issued by the Methodist Church - (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) Trustee selection methods Appointed by Annual Church Meeting (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; The Trustees (the Church Council) meet as a minimum twice each year. Extraordinary meetings can be called as needed. At each ordinary meeting the Trustees receive detailed reports of the activities of the church and its financial performance. The Trustees approve the reserves policy, safeguarding policy, budget and major matters to do with property. The Finance and Property Committees provide additional management and scrutiny during the year. There is an annual Meeting to which all adherents of the Church (whether or not members or trustees) are invited. This meeting appoints Trustees (voting being by members only) and receives annual reports of activities. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** The purposes of the Dale Street Methodist Church are in accordance with those of all other churches of the Methodist Connexion namely the advancement of a) The Christian Faith in accordance with the doctrinal standards **Summary of the objects of the** and the discipline of the Methodist Church **charity set out in its** b) Any charitable purpose for the time being of any Connexional, **governing document** district, circuit, local or other organisation of the Methodist Church c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church **TAR** 2 The activities of Dale Street Methodist Church are centred around a) The provision of regular acts of worship open to members of the church and non-members alike. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** b) The provision of space for prayer and contemplation and the support of small groups for bible study and fellowship c) The provision of activities for the young and their carers, and the elderly, all with a Christian ethos. d) The promotion of the mission of the church e) The practical demonstration of care for the community by the support of social projects and activities and through a small Benevolent Fund f) The provision of space for community activities. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance The Church has provided regular acts of worship, space for prayer and **Summary of the main** demonstrated its care for the community by supporting a number of **achievements of the charity** social projects and activities. **during the year** Work with children and young people includes a separate act of worship focused on young people and their families at 9:15 on most Sunday mornings in the month. Missional activities include a Monday morning coffee drop-in session which is open to all. On Thursdays there is a Babies and Toddlers session when parents can meet and their children play with a wide range of toys. On Saturdays there is a Dads and Tots session famous for its egg and bacon butties. An active support group for Action for Children organises a variety of fundraising events each year. These activities are supported by a church mission group. In Summer 2021 the church eco group turned the surrounding grounds into a Good News garden and wildflower area. There are regular gardening sessions and there is much interest from local residents and passers-by. ## **Section E Financial review** **TAR** 3 The Church’s current policy has to been stabilise general income and **Brief statement of the** expenditure following the covid pandemic, and then seek to maintain **charity’s policy on reserves** general reserves and investments of £45,000 to £50,000, this being approximately 45%-50% of the annual ordinary operating expenditure of the Church. During 2022/23 general income and expenditure stablised with general income for the year of £104,967.77 compared to general expenditure of £106,865.00, a small in-year loss of £1898.22. There was an overall loss of £377.39 on the church’s expendable investments. In July 2023 the Church received a new legacy of £47,515.20 which was added to a Legacy Fund which the Church seeks to use for major expenditure. The Church’s overall reserves therefore increased. As at 31[st] August 2023 total general reserves and associated investments stood at £94,503.20 made up of - £85,338.76 in general reserves, - £53,844.84 in the Legacy Fund, - £559.19 in the Benevolent Fund In addition, the Church benefits from interest from two permanent endowments, invested in funds managed by the Central Finance Board of the Methodist Church, with a combined value of £21,757.73 providing £606.27 in interest to the Church in 2022/23. **Details of any funds materially in deficit** n/a ## **Further financial review details (Optional information)** **Sources of funds** The Church raises its funds by weekly offerings and donations from members and those attending worship and attending groups run by the Church; through lettings of the Church’s buildings and feed-in-tariffs from solar panels. Interest is received on Church funds held in bank/savings accounts and from investments. **Investments** Of its general reserves of £85,338.76 at the end of the financial year the Church held £38,157.28 in investments managed by the Central Finance Board (CFB) of the Methodist Church in the CFB Managed Mixed Fund. **Use of reserves** Following the receipt of a substantial legacy in 2014/15 the Church employed a children and young families missioner to further its charitable objectives; it also implemented a number of building improvement projects. The balance on the fund at the start of the financial year was £6,257.42. There was no expenditure from the fund during the year. The fund increased by a small amount of net interest and the new legacy. None of the Legacy Fund is invested. **Accounts for 2022/23** The accounts for the year are attached to this annual report. Receipts during the year including the new legacy amounted to £152,482.97 and payments to £106,865.99. Decreases in the value of the investments comprise a decrease of £377.39 in general investments and a decrease of £949.92 in the value of permanent endowments. You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has **Investments** Of its general reserves of £85,338.76 at the end of the financial year the - supported the key objectives Church held £38,157.28 in investments managed by the Central Finance - of the charity; Board (CFB) of the Methodist Church in the CFB Managed Mixed Fund. - • investment policy and objectives including any **Use of reserves** ethical investment policy Following the receipt of a substantial legacy in 2014/15 the Church adopted. employed a children and young families missioner to further its charitable objectives; it also implemented a number of building improvement projects. The balance on the fund at the start of the financial year was £6,257.42. There was no expenditure from the fund during the year. The fund increased by a small amount of net interest and the new legacy. None of the Legacy Fund is invested. **TAR** 4 **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Paul Mondal **Position (eg Secretary, Chair,** Secretary to Church Council **etc) Date** 19 May 2024 **TAR** 5 CHURCH RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Dale Street Methodist Church FOR THE YEAR ENDED 31 August 2023 South Warwickshire C1￿Ult Circuit Circuit no 5112 Registered Charity - Charity Registration numb8r If not a registered charity Her Majesty's Revenue and Customs Gift Aid number {The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the org8nisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) 1153330 Minister: REV. TINA BROOKER Church Stewards.. GRAHAM HOWE TONY PARKINSON MARK WHITEHOUSE EDWINA MCCONVILLE MARGARET BEGG Treasurer= JOANNA RHODES Church R and P 2015.xls 1 of5 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 Dale Street Methodist Church Unrestrlctèd R•strletèd Funds Funds Ttstaly thls yoar Total¥ lÈ$t yèar SECTION A a1 RECEIPTS Note a2 Offertn s and Tax recovered Bank and CFB interest and Investment income 65,86fj 65,861 63,761 a3 1,129 32,110 1,129 32.110 607 a4 Lellin 27,345 a5 Other recei Is 5,868 47,515 152.483 5.868 3,022 Legacy TOTAL RECEIPTS 47,515 152.483 a6 (a71 94,735 SECTION B PAYPJIENTS b2 Circuit Assessment or Share 69.276 69.276 69.276 b3 Donations 1.500 1,500 1,992 b4 Re airs and Maintenance Ulililies Ilnsurances, water charges, healing & lighting) Church Missioner salary, expenses and events 24.522 30,764 b5 10,408 10.408 b6 10,681 1,382 120.432 b7 Other payments TOTAL PAYMENTS 1,160 106.866 1,160 106,866 b8 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 a6-b8 45,617 45.617 25,696 Total funds brought foward from last year ¢2 55.409 559 55,969 ¢6 81.665 Sub totsl c1+c2 101026 559 101,586 Tlansfers and ad'uslmenls c7 TOTAL FUNDS AT END OF YEAR (c3+c4) 101026.32 559 101,586 Ic81 55,969 Ic61 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS these amounts arg not to ba Included In total rocolptslpayment8 fl ures above} d? Balance brou hl fonmard from last ear 25 d2 Offerin sIGifts- received for external or anisalions 701 d3 OfferingslGifts passed lo external organisations 726 1,140 d4 BALANCE STILL TO BE PAID Id1 +d2-d31 25 Church R and P 2015.xl$ 2015 Dale Street Methodist Church IN SECTION E Summary of the Church accounts forthe year endEd 31 Augu$1 2022 and Int¢rn31019anlsaVons rewrtin9 lo Ihe Church Councillchurch Meeting. Notelhal Ihe lunds of an Iniemal Organisation would normally bp Restrcled lunds unles$ il ¢ould ¢168dy $hOWh thai ￿eY b2 us£d for any Methodislpurpose. This sectson musl be rnpleted 10 8rrive at the9r05s Income qxpendilureloials olthe Church.11gross inc¢m• •xc¢eos th¢ Accruals threshdd, then Accrua15 rnethodof aGcounli ANOA DIFFERENT FORM musl be used to Tep￿the accounts (see method151v￿tss1te1 Heas¢ fstsr to the guKXanc• r£osrdlrvJ tr3nslerg bettvéen the Di5thct coDne¢ied Dl¥irWOrganl¥aiityis. INTERNAL OIIOANISATIONS Not Re￿￿$1 m8nls oper￿n9 b8lan¢e$ Pa menls Clos balances Mldls 518 472 421 487 Dads and Tols 3.511 3.S6S 54 125 71 ¢4 e7 ioLIl ol Iniemal Organ14atlDns lunds 4,028 4,037 545 811 538 e12 Chur¢h a¢¢outtts Itot819 brought foThvard from page 2 totals column) e9 162.483 a71 106,866 4Sffi17 55,969 Ic61 101,586 e8 BY CHUR¢H 110,903 45,609 56,514 102,123 Continue On a separab Sheet Il nece5saryand bnng the totals fopward TOTAL RECEIPTS TOTAL PAYMENTS SECTION F STATE OPENING BALANCES CLOSING BALANCES CHURCH- CASH FUNOS HELO at 31 AU U6t Cagh In hand 58nk CurreniA¢¢ouni B8nk IIAcGount f4 ¢$ntr81 FlnAnce Board 10,89 TTustee5 forMeth