REGISTERED CHARITY NUMBER: 1156626
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
METHODIST WOMEN IN BRITAIN
Lemans
29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
METHODIST WOMEN IN BRITAIN
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
METHODIST WOMEN IN BRITAIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' preparing their annual report and accounts of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the Christian Faith in accordance with the doctrinal standards and the discipline of the Methodist Church, seeking 'to know Christ and to make him known'.
To develop the capacity and skills of women members of the Methodist Church focussing especially on areas of disadvantage and under-representation, in such a way that they are better able to identify, and help meet, their needs and to participate more fully in the wider church and in society.
The prevention or relief of poverty or financial hardship anywhere in the world by supporting through awareness raising and advocacy, agencies who provide or assist in the provision of education, training, healthcare projects and the other necessary support that is designed to enable individuals to generate a sustainable income and be self-sufficient.
Significant activities
-
The furtherance of fellowship and training by providing ways for Methodist women and others to keep in touch with one another for mutual support, strengthening and personal and spiritual growth, through residential conferences, one day events and publications (both printed and online) at local, regional and national level.
-
Producing resources and using such gatherings to highlight situations of social concern in the British Isles and around the world in which members of MWiB can be involved in a variety of ways.
-
Our Action Plan is based on the United Nations Sustainable Development Goals, which cover combating hunger and poverty, achieving universal primary education, highlighting gender justice, health issues relating to maternal health, infant mortality, AIDS/HIV, Malaria and other diseases, environmental sustainability and global partnership. By advocating and providing information on these goals, women are enabled to address such needs in their local communities and, through partnership with other agencies, worldwide.
-
Through partnership with Methodist mission personnel overseas and with other agencies, Christian and non-Christian, highlighting areas of need and raising funds or providing other goods required for the alleviation of such needs and injustices.
Page 1
METHODIST WOMEN IN BRITAIN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The effects of the pandemic continued to affect what had become the usual practice. Meetings of the Executive group took place via Zoom, President Hilary Evans was unable to speak at face to face meetings, as many were cancelled or postponed. Gradually however groups across the country gained confidence in online meetings and she gave a number of talks via a screen, mainly focussing on her experience in northern Mexico. She also participated in the annual Daffodil Day in March, and the World Federation of Methodist and Uniting Church Women online event in August.
The five yearly meeting of the World Federation had been due to gather in Gothenburg in August, but was postponed to August 2022. So, an online global meeting was held instead. [The postponed meeting for 2022 will also be an online event as it is unlikely that members from many countries will be able to gain visas for travel]
The twice yearly Forum [Trustees] meetings in October and February were also conducted on line as one day meetings, rather than weekend gatherings.
The annual weekend conference usually held at The Hayes in Swanwick, Derbyshire, in April, similarly reverted to an online form. It was held over two days with the key note speaker Sister Imelda Poole of Mary Ward Loreto, and Renate. Sister Imelda spoke about the work of her organisation in Albania to help prevent human trafficking and rescue and rehabilitate survivors. The main input was supported by members of Executive and the World Federation of Methodist and Uniting Church Women [WFUMCW] Alison Judd [World President] Louise Wilson [British and Irish Unit President] Joan Strong [Methodist Women in Ireland President, Rachel Alison and Wanda Hogan [Helen Kim Memorial Scholars] and Phoebe Parkin [3Generate Youth President].
The link with the German Methodist Women was maintained as several members were able to join via Zoom.
An afternoon online celebration followed the conference to celebrate ten years of Methodist Women in Britain. Bunting panels created by women across the country to illustrate work in their area with charities and issues of justice featured joined in a long bunting, and glassware commissioned to commemorate ten positive years featured.
Each session of the conference and the celebration were recorded and subsequently uploaded onto a new YouTube channel.
Mrs Hilary Evans continued to attend the Global Relationships committee of the Methodist Connexion as Methodist Women in Britain's representative.
The Easter Offering service which Methodist Women write for the British Methodist Church each year, and which raises significant amounts of money for global mission work annually was prepared. However, it was felt that few, if any churches or circuits would feel safe and comfortable to meet together to share it, so the Executive team made a recording and uploaded to the YouTube channel for people to engage at home, or in small groups. It was viewed around 1200 times.
The World Federation Day in October which was due to take place in Chippenham had to be cancelled, as the hosting church had not reopened, and many people seemed nervous about gathering in face to face groups
. The Executive arranged a day to be quiet in their own homes instead of gathering for a retreat in November. Deacon Sara Windsor-Hides provided some ideas for reflection on one or two psalms. At the end of the day we gathered online to share thoughts and creative ideas.
Contacts with other Methodist groups and partners were maintained, for example in producing written resources for Advent and Lent, and in supporting Epworth Old Rectory as they began to deliver webinars to retain interest as they had to close for a long period. Research carried out by two young women based at Hull University was one subject featured, and which was supported by MWiB.
We sought to maintain contact with women across the country through the year, aware that many were in situations where they were quite isolated. The weekly services from Twelvebaskets continued until May, but were then discontinued as many churches were producing their own regular services. The lack of actual in person meetings has affected fund raising activities and reduced regular income.
The frequency of the President's Blogs was increased during periods of lockdown as one means of keeping contact.
Page 2
METHODIST WOMEN IN BRITAIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Women's education and empowerment has continued to be supported through gifts to overseas projects, despite reduced income. Grants and bursaries for projects and training in Britain have been fewer, but the introduction of a grant for Emergency Funding to churches that were beginning projects to provide help for their local community were well received.
FINANCIAL REVIEW
Financial position
The charity had a surplus (2020 deficit) of net income on unrestricted funds in the year of £94,950 (2020 £66,589 deficit). Total unrestricted funds as at 31 August 2021 were £751,042 (2020 £656,092).
Investment policy and objectives
The trustees consider an investment holding with The Trustees For Methodist Church Purposes suitable for the charity's requirements. The fair value of these investments as at 31 August 2021 was £535,386 (2020 £432,016).
Reserves policy
In line with Charity Commission recommendations, the Trustees have set the minimum level of reserves at an amount sufficient to cover all normal operating expenses for a six-month period. At the end of 2021, the charity has significantly more in reserves than this policy demands.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Constitution adopted on 9 March 2013 as amended on 22 February 2014.
Recruitment and appointment of new trustees
Each home district of the Methodist Church, as defined by paragraph 38 of the Deed of Union, shall have the right to appoint a trustee to the charity. Additional trustees can be appointed as the majority of the existing trustees so appoint. Additional representatives from associated bodies can be appointed as trustees with the agreement of the majority of the current charity trustees. The additional representatives shall include, but not be limited to, a representative of the Women's World Day of Prayer.
All trustees must be members of the Methodist Church or permitted to hold office in the Methodist Church as stipulated in the Deed of Union clause 12. The officers of the charity as defined by clause 10(2) shall be appointed upon the recommendation of the Appointments Task Group and by a majority of those voting trustees present at any general meeting. Each trustee, except the officers and additional representatives, shall be appointed for a term of three years but shall be eligible for re-appointment at their last general meeting for one further term.
In respect of the additional representatives appointed under clause 11(1) (c) they shall be appointed for a term of three years unless dictated otherwise by the governing document of the body they represent. In respect of the additional representatives appointed under clause 11 (1) (c) they shall be eligible for re-appointment unless dictated otherwise by the governing document of the body they represent. Officers of the charity except the President and Vice President shall be appointed for a term of five years and shall be eligible for re-appointment at their last general meeting for one further term.
No-one may serve as trustee for more than two consecutive terms unless the majority of those trustees present decide otherwise at a general meeting. The President of the charity shall be elected biennially at a general meeting by the majority of those trustees present, following recommended candidates being provided by the Appointments Task Group. The election shall take place the year before the year of taking office. The President shall hold office as such for two years and during the year before taking that office and also the year after leaving office will hold the office of Vice-President.
The Appointments Task Group shall consist of five trustees including two officers all of whom shall be appointed to the Appointments Task Group upon the majority vote of the trustees present at a general meeting. The trustees may not appoint a person to be an officer if a person has already been appointed to that office and has not vacated the office.
Page 3
METHODIST WOMEN IN BRITAIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Methodist Women in Britain is a movement within the Methodist Church, led by a group of volunteers and funded by donations, which aims to connect women with an interest in creative spirituality and a passion for global social justice. We hold day conferences and residential events, produce printed and online resources and engage in social justice campaigns. MWiB is about more than Methodism, more than women and more than Britain - we have strong links with the World Church, and are part of the World Federation of Methodist and Uniting Church Women, (WFMUCW).
Wider network
MWiB will operate as the British Unit of the WFMUCW, so is a part of that international movement, which has its own constitution and ways of working, available separately. Through WFMUCW the movement is affiliated to the World Methodist Council and has special consultative status at the United Nations. The WFMUCW Area Officer (who will be the Area President in 2011-16, the Area Vice-President in 2017-21) will encourage the involvement of MWiB in and represent MWiB at:
-
WFMUCW World Assemblies, which take place every five years, and at which WFMUCW officers take up their posts. The WFMUCW Area Officer will attend as a member of the WFMUCW World Executive. The British Unit (i.e. MWiB) will also be expected to send a number of official delegates as members of the voting body of the World Assembly, (this number depends on the current number of women within British methodism);
-
WFMUCW Area Seminars, which take place every five years, in between World Assemblies. Normally the two European areas join together to host the seminar. The MWiB Executive will have to take responsibility for involvement with the joint planning of these gatherings, or appoint people so to do.
MWiB will also retain close links with the world wide work of the British Methodist church. To ensure this:
-
the WFMUCW Area Officer will attend meetings of the Connexional World Mission Forum or equivalent body; - the Executive will liaise with World Church Relationships, (WCR) to organise annual overseas visits by an officer, at the invitation of WCR through their partnership relationships;
-
the MWiB Forum will, through a task group, be responsible for the production of the annual Easter Offering service, promoted by WCR and used widely throughout the Methodist Church of Britain.
As the British Unit of WFMUCW, we are in partnership with Methodist Women in Ireland (MWI) who form the other unit comprising the Europe: Britain and Ireland Area of WFMUCW.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1156626
Principal address
c/o Touchstone 4 Easby Road Bradford West Yorkshire BD7 1QX
Page 4
METHODIST WOMEN IN BRITAIN
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2021
Trustees
Mrs N Rawlins C Thompson (resigned 31.8.21) H J Evans C Lawrence (resigned 31.8.21) R E Allison P Gidney J Simms (resigned 31.8.21) S E White D Bosman A Simpson (resigned 31.8.21) W Bridgeman C Tolhurst (resigned 31.8.21) I Hayes (appointed 1.9.21) B Harrison B Braisdell J Richards M Gill J Thompson E Phillips E Banks P Hill J M James S Murrell M Johnston S Collier J Oldroyd S Nickson A Baldock E Chick L King Mrs E De Graft Ms C Madenyika R Parrott B Easton G Humphries (appointed 1.9.20) D Coggrave (appointed 1.9.20) M Sachikonye (appointed 1.9.20) P Beattie (appointed 1.9.20) J Clark (appointed 1.9.20) M Lindley (appointed 1.9.21)
Independent Examiner
Lemans 29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
PUBLIC BENEFIT
The charity constitutes a public benefit entity. The Trustees have had due regard to the guidance published by the Charity Commission on public benefit when reviewing the charity's aims and objectives and planning future activities.
Page 5
METHODIST WOMEN IN BRITAIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Approved by order of the board of trustees on 9 October 2021 and signed on its behalf by:
R Parrott - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF METHODIST WOMEN IN BRITAIN
Independent examiner's report to the trustees of Methodist Women in Britain
I report to the charity trustees on my examination of the accounts of Methodist Women in Britain (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those 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.
Karen Mealand Lemans 29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
Date: .............................................
Page 7
METHODIST WOMEN IN BRITAIN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 31.8.21 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 37,914 Other trading activities 3 2,572 Investment income 4 10,855 Total 51,341 EXPENDITURE ON Charitable activities Charitable activities 57,731 Net gains/(losses) on investments 101,340 NET INCOME/(EXPENDITURE) 94,950 RECONCILIATION OF FUNDS Total funds brought forward 656,092 TOTAL FUNDS CARRIED FORWARD 751,042 |
31.8.20 Total funds £ 51,273 1,421 13,388 66,082 99,507 (33,164) (66,589) 722,681 656,092 |
|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 8
METHODIST WOMEN IN BRITAIN
BALANCE SHEET
31 AUGUST 2021
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
31.8.21 Unrestricted funds £ 535,386 5,400 211,793 217,193 (1,537) 215,656 751,042 751,042 751,042 751,042 |
31.8.20 Total funds £ 432,016 5,221 226,213 231,434 (7,358) 224,076 656,092 656,092 656,092 656,092 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 October 2021 and were signed on its behalf by:
R Parrott - Trustee
N Rawlins - Trustee
The notes form part of these financial statements
Page 9
METHODIST WOMEN IN BRITAIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
Methodist Women in Britain is an unincorporated charity in England. The principal address is on page 4 of these financial statements. The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Income from other trading activities includes income from the sale of resources and contributions to Swanwick residential weekend and is recognised when received.
Investment income is earned through holding assets for investment purposes, namely bank deposits and the Womens Network Welfare Fund (TMCP). It includes dividends and interest arising on these investments. It is included when the income can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged as an expense against the cost for which the expenditure arose.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
continued...
Page 10
METHODIST WOMEN IN BRITAIN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Fixed asset investments
Investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Cash at bank
The charity holds sufficient funds in order to meet its short term cash commitments as they fall due.
Debtors and Creditors receivable/payable within one year
Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Donations | 16,126 | 23,635 | |
| Legacies | 20,260 | 18,885 | |
| Dalit partnership/Tabita House /Mexico | 1,528 | 5,593 | |
| Pilgrimage | - | 3,160 | |
| 37,914 | 51,273 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Sale of resources | 139 | 986 | |
| Swanwick weekend income | 2,433 | - | |
| WF day | - | 435 | |
| 2,572 | 1,421 | ||
| 4. | INVESTMENT INCOME | ||
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Investment income | 10,855 | 13,388 |
continued...
Page 11
METHODIST WOMEN IN BRITAIN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
During the year reimbursed expenses were paid to 9 Trustees totalling £3,753 (2020: 34 trustees totalling £14,718).
6. GOVERNANCE COSTS
| 31.8.21 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| Independent Examiner's Fee | 882 | 858 |
7. GRANTS PAYABLE
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Empowerment gifts | 12,565 | 10,102 |
| Discretionary grants | 840 | 2,060 |
| Enabling grants | 5,000 | 1,500 |
| Social & Community Action grants | 900 | 4,650 |
| 19,305 | 18,312 | |
| 31.8.21 | 31.8.21 | 31.8.20 | 31.8.20 | |
|---|---|---|---|---|
| Number | £ | Number | £ | |
| Individuals | - | - | 11 | 2,560 |
| Institutions | 13 | 19,305 | 15 | 15,752 |
| 13 | 19,305 | 26 | 18,312 | |
continued...
Page 12
METHODIST WOMEN IN BRITAIN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 September 2020 Additions Revaluations At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 There were no investment assets outside the UK. 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS At 1.9.20 £ Unrestricted funds General fund 579,517 Visual Impairment fund 24,665 Hearing Impairment fund 51,910 656,092 TOTAL FUNDS 656,092 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 51,341 (57,731) TOTAL FUNDS 51,341 (57,731) |
Listed investments £ 432,016 2,030 101,340 535,386 535,386 432,016 31.8.21 31.8.20 £ £ 5,400 5,221 31.8.21 31.8.20 £ £ 1,537 7,358 Net movement At in funds 31.8.21 £ £ 94,950 674,467 - 24,665 - 51,910 94,950 751,042 94,950 751,042 Gains and Movement losses in funds £ £ 101,340 94,950 101,340 94,950 |
|---|---|
continued...
Page 13
METHODIST WOMEN IN BRITAIN
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Visual Impairment fund Hearing Impairment fund TOTAL FUNDS |
At 1.9.19 £ 641,016 24,665 57,000 722,681 722,681 |
Net movement in funds £ (61,499) - (5,090) (66,589) (66,589) |
At 31.8.20 £ 579,517 24,665 51,910 |
|---|---|---|---|
| 656,092 | |||
| 656,092 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 66,082 | (94,417) | (33,164) | (61,499) |
| Hearing Impairment fund | - | (5,090) | - | (5,090) |
| 66,082 | (99,507) | (33,164) | (66,589) | |
| TOTAL FUNDS | 66,082 | (99,507) | (33,164) | (66,589) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 14
METHODIST WOMEN IN BRITAIN
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 |
||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 16,126 | 23,635 |
| Legacies | 20,260 | 18,885 |
| Dalit partnership/Tabita House /Mexico | 1,528 | 5,593 |
| Pilgrimage | - | 3,160 |
| 37,914 | 51,273 | |
| Other trading activities | ||
| Sale of resources | 139 | 986 |
| Swanwick weekend income | 2,433 | - |
| WF day | - | 435 |
| 2,572 | 1,421 | |
| Investment income | ||
| Investment income | 10,855 | 13,388 |
| Total incoming resources | 51,341 | 66,082 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 1,565 | 2,024 |
| Office expenses | 10,348 | 6,377 |
| Committee expenses | 1,568 | 28,770 |
| Empowerment gifts | 12,565 | 10,102 |
| WFM & UCW Levy and Helen Kim Scholar | 9,702 | 10,690 |
| Swanwick weekend expenditure | 5,769 | 4,416 |
| Other payments | 1,369 | 16,347 |
| Pilgrimages | - | 3,544 |
| WF day | - | 893 |
| Discretionary grants | 840 | 2,060 |
| Enabling grants | 5,000 | 1,500 |
| Mexico | - | 6,000 |
| Emergency Support Fund | 3,140 | - |
| Resources | 2,980 | - |
| Social & Community Action Grants | 900 | 4,650 |
| 55,746 | 97,373 | |
| Support costs | ||
| Finance | ||
| Bank charges | 239 | 346 |
| Governance costs | ||
| Investment management fees | 864 | 930 |
| Carried forward | 864 | 930 |
This page does not form part of the statutory financial statements
Page 15
METHODIST WOMEN IN BRITAIN
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| FOR THE YEAR ENDED 31 AUGUST 2021 | ||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 864 | 930 |
| Independent examiners fee | 882 | 858 |
| 1,746 | 1,788 | |
| Total resources expended | 57,731 | 99,507 |
| Net expenditure | (6,390) | (33,425) |
This page does not form part of the statutory financial statements
Page 16