Registered Charlty Number= 1156626 Methodist Women in Britain Report of thetrustees and Unaudited Financlal Statements for the year ended 31 August 2024
Methodist Women in Britaln Contents Page No. Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 10-14 Notes to the Financial Statements 15-16 Detsiled Statement of Financial Activities
Methodlst Women in Brltain Report of the Trustees Trustee$ N Rawlins (Resigned 29102120241 D Bosman B Harrison B Br8isdell M Gill E Banks P Hill E Chick L King C Madenyika R Parrott B Easton D Coggrave J Clark M Lindley M Reed S Hall (AppoTnted 15102120241 R Rowe G Pengelly M Woods R Dawson Independent Examiners Torgersens East Suite Ground Floor Avalon House St Catherine's Court Sunderland SR5 3KI Public Benefit The charity constitutes a public benefft entity. The Twstees have had due regard to the guidance published by the Charity Commission on public benefit when reviewingthe charity's aims and objectives and planning future activities. REFERENCE AND ADMINISTRAnvE DETAILS Rogistered Charlty number 1156626 Principal address clo Stamford Methodist Church 11 Barn Hill Stamford Lincolnshire PE9 2AE Page: I
Methodist Women in Britain Trustees, Report forthe year ended 31 August 2024 The trustees present their report with the financial statèments of the charity for the year ended 31 August 2024. The trustees have 8dopted the provisions of 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 (FRS 102) (effective l January2019). The financial statements have been prepared In accordanc8With the accounting policies setOLrtin notestothe accounts and comply with the charivs governing docurnent. the Charities Act 2011 and A¢counting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable inthe UK and Republic of Ireland published in October 2019. OBJECTIVES AND AcnvmES Oblectlves and aims The advancement of the Christian Faith in accordance with the doctrinal standards and the discipline of the Methodistchurch. seeking'to know Christ andto make him known,. To develop the capacity and skills of women members ofthe Methodistchurch focusing especiallyon areas of disadvantage and under-representation. in such a waythat they are better abl8 to identify. and help meet, their needs and to participate mor8fullyin thewiderchurch 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 sustain8ble income and be self-sufficient. signltlcant activities l. 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 residentlsl conferences. one day events and publications Iboth printed and online) at local, regional and national level. 2. Producing resources and using such gatherings to highlight situations of social concern in the British Isles and around theworld inwhich members ol MWIB can be involved in8 V8riety ofways. 3. Our Action P18n 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. AIDSIHIV, 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. 4. Through partnership with Methodist mission pèrsonnel overseas and with other agencies, Christian and non- Christian. highlighting areas of naed and raising funds or providing other goods required for the alleviation of such needs and injustices. Page: 2
Methodist Women in Britain Trustees, Report forth8 year ended 31 August 2024 ACHIEVEMENT AND PERFORMANCE Ch8rltablè actlvftles This year has been one of establishing the restructuring of Methodist Women in Britain. Maggie Woods {Co-Chair South) and Ruth Parrott (Co-chair Northl are working rogeEher to make the lead role more manageable. We now have twelve Area Trustees, plus a represerbtative Irom the World Day of Prayer. Each Trustee is responsible for an Area consisting of two or three Districts. each h8ving an ambassador. with whom they are asked to keep in regutsr contact, thus improving the line of communication between the local units and the Executive Committee. This new stiategy is being kept under constant review. The World Federation Day event was held at Trin¥ty Methodist Church. Congieton. in October. This focused on Water-'Encounters at the Well". The Executive Committee's Retreat took place in November at the Foundation of St Kathrine. London. Phil Davies is the host of our website and together with Bronwen Braisdeii. our Communications Officer. they ar8 keeping it up to date. Most of our online events are recorded and placed on our MWIB YouTube Channel. Ruth Dawson is overseeing our Facebook page. Sheila Hall has now taken over the posiiion of FinanGe Off icer from Nina Rawlins, we are grateful to Nina for her years of excellent service. The October Trustees Meeting was held at The Hayes, Christian Confer8nce Centre. Swanwick. when the Empowerment Gifts tor 2023. and the Finance Accounts were approved. The FebruaryTrustees Meetingwas held at Hinsley Hall, Leeds, and the Trustees and Ambassadors meetingwas held on Zoom in May. The Easter Offering SeNice for 2024. entitled Let Justice Roll.. was written by M8ggie Woods and the Easter OfferingTaskGroup. Donations given atthis service raise moneyforthe Methodistworld Mission Fund. The Annual Swanwick Conference w8s held in April. on the theme of 'Words Create Worlds,, led by Rev Jenny Pathmarajah, and Becca Byass, from All We Can. There were a variety of workshop8, and the conference concluded with a SeNice led by our chaplain. RevAnn Cash. Chine MacDonald, Director of Theos, was the keynote speaker at The Mary Bosanquet Lecture, at the Fringe Event at Methodist Corbnexional Conference in June this year. This has become an annual event which 18 intended to hightightWDmentheologians. In May. we held a Garden Party at Epworth Old Rectory. wtth afternoon tea, when Dr Ruth Statter and Dr Hannah Worthen, g8ve a talk about their research usinglhe Methodistwomen's Collection. in their project 8boutwomen in the Methodist Church and the resulting exhibition 8t the Rectory. Rev Angy Long closed the afternoon with short service. We continue to support our partners-All We Can. Action for Children. Nethodist Homes forthe Aged. JPIT. The National Council for Women. The Domestic Abuse Planning Committee, Solidarity Circles. and the Global Reiatiorzs Committee. Our PFojects this year have been for the Dana project in Ukraine and for Period Poverty, when we have encouraged each church to provide period products in the church cloakrooms. We have increased the amount allotted to the yearly Empowerment Gifts from £I0.000 to £15,000. We have also g.ven Social and Community Action Grants. Enabling Grants. Discretionary Grants. and introduced 8 Pastoral C8re Fund in support of project8 in Britain. This year has been one of the adjustments to a new situation. Our new structure is in its infancy and is being constantly reviewed. We have embraced new initiatives and 5UPPOrted women both at home ond abroad. We continue towork'forwomen. forjustice, for Christ, FINANCIAL REVIEW Fln8nclal poshlon The charity had a surplus of net expendtture on unrestricted funds in the year of £20.410 {2023 - deficit £6.2201. Total unrestrlcted funds as 8t 31 August 2024 were £689,761 12023 £669.351 } and restricted funds were £1,16012023 £Nil). Page: 3
Methodist Women in Britsin Trustees. Report forthe year ended 31 August 2024 Investment poiicyand oble¢tive8 The trustees consider an investment holding with The Trustees for Methodist Church Purposes suitable for the charity's requirements. The fairvalue ofthese investments as at31 August 2024w8s£541.690 {2023 £486.268). Resetvos policy In line with Charity Commission recommendations, the Trustees have set the mi nimum level of reserves at an amount sufficient to cover all normal operating expenses for a six-month period At the end of 2024. the charity ha8 significantly more in resetves than this poti¢y demands. STrUCTURE. GOVERNANCE AND MANAGEMENT Goveming document Thechafityiscontrolled by itsgoveming document, a deed oftrust and constitutes an unincorporated charity. Constitution adopted on9 March 2013asamended on 22 Febru8ry2014 and 80ctober2022. STRUCTURE, GOVERNANCE AND MANAGEMENT Re¢rultment and appointment of new trustees Each geographical area of the Methodist Church GB. as agreed bythaTrustee8 of Methodist Women in Britain shall have the right to appoint a trustee to the chaiity. Additional trustees can be appointed as the majority of the existing trustees so appoint. Additional representatives from associated bodies Can be appointed a$ trustees With the agreement of the majority of the Current charity trustees. The additional representatives shall include. but not be limited to, 8 representativeof 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 stipui8ted in the Deed of Union cl8use 12. The officers of the charity as defined by clause 1012) shall be appointed upon the recommendation of the Appointments Task Group and by a majority of those voting trustees present at any genoral meeting. Each trustee. except th8 officers and additional representatives, shaLI be 8ppointed for a term of three years but shall be 81igible forre-appointmentatth8ir18St general meeting for one further term. In respect of the additional representatives appointed under clause 11111 Ic) they shall be appointed for a term of three years unless dictated otheNise by tho governing document of the body they represent. In respect of the addttional representatives appointed under clause 11 (1) {c) they shall be eligible for re-appointment unless dictated othe1$e by the governing document of the body they represent. Officers ot the charity except the Co-chairs shall be appointed for 8 term of five years and shall be eligible for re-appointment ai their last generalmeetingforonefurtherterm. No-one may senre as trustee for more than two consecuttve terms unless the majority of those trustees preseftt decide otherwise at a general meeting. One Co-chair of th8 charity shall normally be elected bienni8lly at a general meeting by the majority of those trustees present. foLiowing recommended candidates being provided by the Appointments Task Group. The election shall take place the year before the year of taking office. The Co-chairs will Work closely together and may divide responsibilities between them. tor example geographically North and South otthe country 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 truste8s fftay not appoint a person to be an officer if a person has already been appointed to that office andhas notvacated the office. Organisational gtructure Methodist Women in Britain is a movement within the Methodist Church. led by a group of voluntears and tunded by donations, which aims to connect women with an interest in creative spirituality and a passion for global social justice. Wo hold day conferences and residential events. produce printed and online resources and engage in soci8l justice campaigns. MWIB is about more than Methodism, more than women and more than Britsin - we have strong links with the World Church and are part oftheworld Federatton of Methodist and Unitingchurch Women. (WFMUCWI. Page: 4
Methodist Women In Britain Trustees, Report forthe year ended 31 August 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Wider n&twork MWiBwill operate 8Sthe British UnitoftheWFMUCW, so is a part ofthat international movement, which has its own constitution 8nd ways of vmrking, 8vailable separately. Through WFMUCW the movement is affiliated to the World Nethodist Council and has special consultative statu5 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 Assembbes. 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 onthe current number ofwomen within British methodism)" WFMUCW Area Seminars, which take place every five years. in betsveen World Assemblies. Normally the two European areas join together to host the seminar. The MWIB Executive will have to take r8sponsibility for involv8mentW*llththe jointpianningofthesegatherings. orappoint peopleso todo. MWIBwill also retain close linkswththeworldwidework of the British Methodist church. To ensure this: - theWFMUCW Area Officer will attend meetings of theconnèxional World Mission Forum orequivalent body: the Executive will liaise with World Church Relationships. IWCRI to organise annual overse88 Visits by an officer, at the invitation of WCRthrough their partnership relationships. - the MWIB Forum will. through ataskgroup. be responsible forthe production ofthe annual Easter Offering service. promoted byWCR and used widelythroughout the Methodist Church of Britain. As ihe British Unitof WFMUCW. we are in partnership wth Methodist Women in Ireland (MWI)whoform the otheruntt comprisingthe Europe- Britain and ITe18nd Area of WFMUCW. . And signed on its behalf by: Approved byorder ofthe board oftrustees on . /vnw£,fr GpJ?d Page: 6
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Independent Examlner's Report to the Committee of Methodist Women In Brltain year ended 31 August 2024 Independent examiner's report tothe trustees of Methodist Women in Brltaln I report to the trustees on my examination of the financial statements of The Bradley Lowery Foundation I'the charity'l fortheyear ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity YOU 8re responsible for the preparation of the f inancial statements in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination ot the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlner's Statement I conf irm that l am qualified to undertake the examin8tion because l am a member of the Institute of Chartered Accountants in England and Wales IICAEWI, which is one ofthe listed bodies. 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 charity as required by section 130 of Ihe Act., or the financial statements do not accord with those records; or the linanci81 statements do notcomply with the applicable requirements concerningtheform and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement th8t the accounts give a'true and fair, view which is not8 matter considered as part ofan 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 accounls to be reached. Alison Henshaw FCCA Independent Examiner East Suite, Ground Floor Avalon House St Catherinè's Court Sunderland SR5 3XJ Date: 271c>&-I zs Page: 7
Methodist Women in Britain Unaudited Statement of Financial Activities for the year ended 31 August 2024 Unrestricted Funds Restrlcted Funds Total 2024 Total 2023 Note Income.. Donations and legacies 21,211 1,160 22,371 45.788 Other trading activities 31.914 31,914 31.695 Investment income 19,444 19,444 18,036 Totsl incoming resources 72.569 1.160 73,729 95.519 Expenditur8 on charitab(e activitias: Ganeral Charitable activities (114,741) (114741) {103.366) Closing stock 6,000 6,000 Total 1108.741) (108.741) 1103,3661 Net g8insl(lossesl on investments Net Incomel(expenditur•) 19,250 20.410 16.220) Net movement Inlund8 19,250 1.160 20.410 16.220} Transler betwean funds Reconeiliatlon of funds Total funds brought forward Totsl funds carried forward 669,351 688.601 669.351 689,761 675.571 669.351 1,180 The statementoffinancial activities includes allgains and losses recognised inthe year. All income and expenditure derive from continuing activities. The notes fomi part ofthese financial statements Page: 8
Methodistwomen in Brltain Unaudited Balance Sheet as at 31 August 2024 2024 2023 Notès Fixed Assets Investments 541.690 486,268 Current Assets Stock Debtors Cash at bank 6,000 10.304 137.403 10 11.820 172.963 Creditors= Amounts falling due within one year Net Current Assets 148,071 183.083 Net Assets Funds Unrestricted funds Restricted funds 12 12 688.601 1,160 669.351 Total Fundg The tinancial statements were approved bythe Board ofTrustees and authorised for the issue on............... and were signed on tts behalf by. EYbnLJ dn } Trustee The notesform part of thes8 financial statem8nts Page: 9
Methodlst Women in Britain Notes to th8 Financial Statements for the year ended 31 August 2024 ACCOUNnNG POLICIES Basls of Accounting These unaudited financial statements have been prepared under the historical cost convention and in accordance with: the Starementof Recommended Pr8Ctice: Accounting and Reporting by Charities preparingtheir accounts in accordancewith the Fin8ncial Reporting Standards applicable in the UK8nd R8public of Ireland (FRS 1021 issued in October 2019 (SOFIP20191 the Financial Reporting standard applicable in the UK and Republic of Ireland {FRS 1021 the Charities Act 2011. The unaudited financial statements are prepared in sterling. which is the functional currency ol the charity. Monetaryamounts in these unaudited financial statetnents are rounded to the nearest £. Going Concem There are no m8terial uncertainties 8boutthe ¢h8rity'S abilityto continue. Income Ailincome Is recognised inthe Statement of Finan¢ialActivities oncethe charity hasentitlement tothe funds. it isprobable thatthe income will bereceNed and theamount can be measured reliably. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. Ifthere are conditions attachedtothe 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 othertrading actlvities includes income from the sale ofresour¢e8 and contrlbutions to Swanwick residgntialweekend and is recognised when received. Investment income is earned through holding assets for investment purposes, namely bank deposits 8nd the Womens Network Welfare Fund (TMCPI. It includes dividends and Interest ari8ing on these investments. It is includéd whenthe income can be measured reliably. Expendftura Liabilities are recognised as expenditure as soon as there a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in sett18ment 8nd the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under h8adings that aggregale all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to 8ctivitie8 on a basis consistent with the use of resources. Irrecoverable VAT 18 charged as anexpense againstthecostforwhich the expenditure arose. Grantsoffered subjectto condltions which have notbeen metattheyearend d8te are noted asa commitment but not accrued as expenditure. Page: 10
Methodist Women in Britain Notes to the Unaudlted Financial Statements forthe year ended 31 August 2024 Taxatlon The ch8rity isexempt from taxon its charitable activities. Accounting Policies (continued) Fund accounting Unrestticted fundscan be used inaccordance withthe charitable objectives atthe discretion of thatrustees. Designated funds comprise unrestricted funds that have been set aside by the trustee5 for particular purposes. The airn and use ofeach designated fund is Set out in the notestothefinancial statements. Restricted funds- these are fvnds that can only be used for particular restricted purposes within the objects of the charty- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Fixed as58t investments Investments are tnitially recognised at thelr transaction value and subsequently measured at their falr vaLue as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the netgains and losse8 arising on revaluation and disposals throughout theyear. Cashatbank The charityholds sufficient funds in ordei toffleet its short-term cash commitments astheyfall due. Debtors and Creditors receivablelpayabie within oneyear Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Donations and Legaoles Unrestricted Restricted Funds Funds Total funds 2024 Totalfunds 2023 Donations Legacies Mexicolmalawi 21.211 1.160 22.371 21.523 18.869 5.396 371 Income from donations in 2023 was all unrestricted. Totsl funds 2024 Totalfunds 2023 Other Tradlng Actlvities Sale of resources Swanwick weekend income 4.242 27,672 1.719 29,976 Income from othertrading actFVities are aLi unrestricted. Investment Incom• Total 2024 Total 2023 Investment Income 19.444 18,036 444 J8 036 Page= 11
Methodlst Women in Britain Notes to the Unaudited Financial Statements forthe year ended 31 August 2024 Expenses Charltabie activities Insurance Office expenses Sundries Committee expenses Empowerment gift5 WFM & UCW Levy and Helen Kim Scholar Swanwick weekend expenditure Other payfflents Pilgrimages WF Day Creativity Day Heiitsge Bursary Discretionary grants Enablinggrants Resources Pastoral Care Fund Methodist Conference WFMUCW Social & CommunityAction Grants 1.286 3,931 1,286 3,584 59 18.835 8.100 5,971 37,829 14.483 14.422 41,650 4.607 667 808 321 500 900 6,000 6,363 1.900 2,275 5,396 625 400 7,410 3.859 200 11,257 6,027 900 Finance Bank charges 251 Governance costs Investment management fees Independent examiners fee 1.377 2.012 1.381 1,030 Total resources expended lQ3366 All 9xpensgs were unrestricted for 2024 & 2023. Page: 12
Methodist Women in Britain Notes to the Unaudited Financial Statemants forthe year ended 31 August 2024 Trusts8S' Remuneration and Benefrts There were no trustee, remuneration or othei benefits for the year ended 31 August 2024 nor for the tax year ended 31 August 2023. Trustees. expenses During the year reimbursed expenses were paid to 23 Trustees totalling £4,290 {2023: 27 trustees totalling £7.2871 Govornanc8 Costs Total 2024 Tot8K 2023 Independent Examiner's Fee 2,012 1,030 L03Q Grants Payable Total 2024 Total 2023 Empowerment glfts Discretion8ry grants Enabling grants Soci81 & CommunityAction grants 14.422 400 7,410 900 8.100 900 6.000 625 2024 2023 Number Number Individuals Institutions 2,510 20.622 900 14,725 Page: 13
Methodist Women in Britain Notes to the Unaudited Financlal Statements forthe year ended 31 August 2024 Fixed Asset Investments Listed Investments Market Value At 1 September 2023 Revaluation Additions Disposals 486.268 62,902 44.047 {51.5271 At 31 August 2024 Net BookV8lue At 31 August 2024 At 31 August 2023 There were no investment assets outside the UK. 10 DebtorJ: Amounts Falllng Due Within One Year 2024 2023 Debtors Prepayments 107 11 Credftors: Amourrts Falling Due Withrn One Year 2024 2023 Other Creditors Page: 14
Methodist Women in Britaln Notes to the Unaudited Financial Statements for the year ended 31 August 2024 12 Movement In Funds AtNet Movement 01.09.23 in funds At 31.08.24 Unrestricted funds Generalfund Visual Imp8irmentfund Hearing Impairment fund 592.776 24.665 51,910 19.250 612.026 24.665 51,910 Restricted funds Tabitha House Period Poverty 930 230 930 230 Total Funds Net movement in funds. includingln the above are asfollows: Incoming resources Resources expended Gainsl Losses Movement in funds Summaryoffunds General fund Restricted fund 73.569 1,160 (109,7411 55.422 19.250 1.160 Totalfunds 12 Comparatives for movoment in funds AtNet Movement 01.09.22 in funds At 31.08.23 Unrestricted funds Generalfund Visuallmpairmentfund Hearing Impairmentfund 598,996 24.665 51.910 (6,220) 592.776 24.665 51.910 Totsl Funds Comparative net movement in funds, included in the above ar8 8s follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds Generalfund 13 Related Party Dlsclosure There were no reLated partytransactions forthe year ended 31 August 2024. Page- 15
Methodist Women in Britain Notes to the Unaudlted Financial Statements for the year ended 31 August 2024 2024 2023 Income and Endowments Donations and leD¢le$ Donations Legacies Mexicolmalawi 22.371 21,523 18,869 Other trading a¢tivitios Sales of resources Swanwick weekend income Closing stock 4,242 27,672 6.000 1,719 29,976 Investment Income Investment income 19.444 18.036 Total Incoming resourc88 Expenditure Charitable 8Ctivltles Insurance Office expenses Sundries Committee expenses Empowerment gifts WFM & UCW Levy and Helen Scholar Swanwickweekend expenditure Other payments Pilgrimages WF Day Creattvty Day Heritage BLJrsary Discretionary grants Enabling grants Resources Pastoral Care Fund Methodist Conference WFMUCW So¢ial& CommunityAction Grants 1.286 3,931 1.286 3.584 59 18,835 8,100 5.971 37.829 14,483 14.422 41,6SO 4.607 667 808 321 500 900 6,000 6.363 1.900 2.275 5,396 625 7,410 3.859 200 11,257 6.027 900 This page does not form part of the statutory financial st8tements Page: 16
Methodist Women in Britaln Notes to the Unaudit•d Financlal Statements for the year ended 31 August 2024 Support cost 2024 2023 Finance Bankcharges 253 203 Governance costs Investment management fees Independent examiners fee 1,377 2.012 1.381 1,030 Total resources expended Net gains/(lossesl on investments 55.422 1,627 Net Surplus This page does not fonn part of the statutory statements Page: 17