udburymethodistchurch embley Circuit- No 35124) harity ReglstFalion Number 1185218 ccounlsforthe year ended 31 August 2021
| TABLE OF CONTENTS | page |
| ANNUAL TRUSTEES' REPORT | 3-7 |
| STATEMENT OF TRUSTEES' RESPONSIBIUTIES | |
| INDEPENDENT EXAMINERS' REPORT |
|
| STATEMENT OF FINANCIAL ACTIVITIES | 10-11 |
| BALANCE SHEET | 12 |
| NOTES TO THE ACCOUNTS | 13-20 |
| Statement of Financial | Activities forthe y | ear ended 31 | August 2021 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Notes | Funds | Funds | Total | Total | |||
| E | E | E | |||||
| Income and Endowments | from: | ||||||
| Offerings | 20,355 | 20,355 | 17,672 | ||||
| Grants and Donations | 7,121 | 7121 | 3,706 | ||||
| Gift aid | 4,803 | 4,&03 | 1,932 | ||||
| Interest and Investment | income | 87 | 838 | 925 | 1,409 | ||
| Rental Income | 66,370 | 66,370 | 66,231 | ||||
| Other Income | 49,434 | 49,434 | 33,330 | ||||
| Internal organisations |
645 | 645 | 1,060 | ||||
| Total Income | 148,170 | 1,483 | 149,653 | 125,340 | |||
| Expenditure on: |
|||||||
| Charitable activities |
|||||||
| Staff costs: | 44,914 | 44,914 | 44,587 | ||||
| Circuit assessment | 28,000 | 28,000 | 32,000 | ||||
| Grants and donations | 8 | 206 | |||||
| Property maintenance | 9 | 10,191 | 10,191 | 23,663 | |||
| Flat Maintenance | 10 | 646 | 646 | ||||
| Insurance, utilities |
11 | 16,349 | 16,349 | 15,327 | |||
| Office expenses | 12 | 2,429 | 2,429 | 1,938 | |||
| Other expenditure | 13 | 4,083 | 839 | 4&922 | 14,578 | ||
| Internal organisations |
660 | 660 | 1,005 | ||||
| Total expenditure | 106,612 | 1,499 | 108,111 | 133,304 | |||
| Net (expenditure)/income | before | 41,558 | (16) | 41,542 | (7,964) | ||
| other recognised gains and |
losses | ||||||
| Gain on investment assets |
8,457 | 8,457 | (3,382) | ||||
| Net movement in funds |
41,558 | 8,441 | 49,999 | (11,346) | |||
| Funds balances at 1September 2020 | 3,202,605 | 37,029 | 3,239,634 | 3,250,980 | |||
| Funds balances at31August 2021 | 3,244,163 | 45,470 | 3,289,633 | 3,239,634 | |||
| Collections for and | a ments to External | Or anisations | |||||
| and Beneficiaries | |||||||
| Mission | In Britain | 91 | |||||
| Total | 91 | ||||||
| Offerings and Gifts | passed to External Organisations | (91) | |||||
| Balance carried forward |
| Statement ofFinandal Activit |
Statement ofFinandal Activit |
Statement ofFinandal Activit |
Statement ofFinandal Activit |
ies for the year end | ed 31August 202 | 1 | ||
|---|---|---|---|---|---|---|---|---|
| Comparative year information |
Unrestricted | Restricted | 2020 | |||||
| Year ended 31August 2020 | Notes | Funds | Funds | Total | ||||
| f | E | E | ||||||
| Income and Endowments | from: | |||||||
| Offerings | 17,672 | 17,672 | ||||||
| Grants and Donations | 3,706 | 3,706 | ||||||
| Gift aid | 1,932 | 1,932 | ||||||
| Interest and Investment | Income | 485 | 924 | 1,409 | ||||
| Renta I Income |
66,231 | 66,231 | ||||||
| Other income | 32,&84 | 446 | 33,330 | |||||
| Internal organisations |
1,060 | 1,060 | ||||||
| Total income | 122,910 | 2,430 | 125,340 | |||||
| Expenditure on: |
||||||||
| Charitable activities |
||||||||
| Staff costs | 44,587 | 44,587 | ||||||
| Circuit assessment | 32,000 | 32,000 | ||||||
| Grants and donations | 8 | 206 | 206 | |||||
| Property Maintenance |
9 | 23,663 | 23,663 | |||||
| Insurance, Utilities |
10 | 15,327 | 15,327 | |||||
| Office expenses | 11 | 1,938 | 1,938 | |||||
| Other expenditure | 12 | 12,168 | 2,410 | 14,578 | ||||
| Internal orga nisations |
13 | 1,005 | 1,005 | |||||
| Total expenditure | 129,889 | 3,415 | 133,304 | |||||
| Net (expenditure)/income | before | |||||||
| other recognised gains and |
losses | (6,979) | (985) | (7,964) | ||||
| Net expenditure/income | before | |||||||
| Gains on investment assets |
(3,382) | (3,382) | ||||||
| Net movement in funds |
(6,979) | (4,367) | (11,346) | |||||
| Funds balances at 1September 2019 | 3,209,584 | 41,396 | 3,250,980 | |||||
| Funds balances at 31August | 2020 | 3,202,605 | 37,029 | 3,239,634 | ||||
| Collections for and | a ments to External | Or anisations | ||||||
| and Beneficiaries | ||||||||
| st Lukes | Hospice | 522 | ||||||
| Mission | In Britain | 100 | ||||||
| Total | 622 | |||||||
| Offerings and Gifts | passed to External Organisations | (622) | ||||||
| Balance carried forward |
| Unrestricted | Restricted | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | |||
| Notes | f | f | f | |||
| Fixed Assets | ||||||
| Tangible assets | 14 | 3,105,414 | 3,105,414 | 3,105,970 | ||
| TMCP | 15 | 39,925 | 39,925 | 31,469 | ||
| 3,105,414 | 39,925 | 3&145,339 | 3,137,439 | |||
| Current Assets | ||||||
| Debtors | 42,885 | 42,885 | 9,143 | |||
| T.M.C.P. Interest funds | 10,575 | 10,575 | 10,575 | |||
| Central Finance Board Deposits | 11,582 | 11,582 | 38,742 | |||
| Cash at bank and | in hand | 76,930 | 5,545 | 82,475 | 50,433 | |
| 141,972 | 5,545 | 147,517 | 108,893 | |||
| Creditors: amounts | falling due within one year | 17 | (3,223) | (3,223) | (6,190) | |
| Net Current Assets | 138,749 | 5,545 | 144,294 | 102,703 | ||
| Creditors: Amounts | falling due after | |||||
| more than one year | 18 | (508) | ||||
| Total assets less current liabilities | 3,244,163 | 45,470 | 3,289,633 | 3,239,634 | ||
| Accumulated funds |
||||||
| Unrestricted funds |
21 | 3,244,163 | 3&244,163 | 3,202,605 | ||
| Restricted funds | 20 | 45,470 | 45&470 | 37,029 | ||
| Total Funds | 3,244,163 | 45,470 | 3,289,633 | 3,239,634 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | E | |||||||
| Offering | 20,352 | 16,515 | ||||||
| Harvest | Supper | 963 | ||||||
| Junior church | 194 | |||||||
| 20,355 | 17,672 | |||||||
| 4.Interests and Investment | income | |||||||
| Unrestricted | Restricted | 2021 | 2020 | |||||
| Funds | Funds | Total | Total | |||||
| 6 | E | E | E | |||||
| TMCP Investment | holdings: | |||||||
| Dividends | 838 | 838 | 924 | |||||
| Interest | 36 | 36 | 91 | |||||
| Central | Finance Board | deposit interest | 51 | 51 | 394 | |||
| 87 | S38 | 925 | 1,409 | |||||
| S.Rental Income | ||||||||
| Unrestricted | Restricted | 2021 | 2020 | |||||
| Funds | Funds | Total | Total | |||||
| E | E | E | ||||||
| Flat | 15,120 | 15,120 | 15,000 | |||||
| Sudbury | Neighbourhood | Centre | 51,250 | 51,250 | 51,231 | |||
| 66,370 | 66,370 | 66,231 |
| 6.Other income | 6.Other income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |||
| Funds | Funds | Total | Total | |||
| f | f | f | ||||
| Benevolence | 53 | |||||
| Tea | 14 | |||||
| Youth | 105 | |||||
| Flowers | 40 | 40 | 150 | |||
| Hall Hire | 17,698 | 17,698 | 11,405 | |||
| Church | 30,461 | 30,461 | 18,401 | |||
| Half term activities | 446 | |||||
| Other | 1,235 | 1,235 | 2,756 | |||
| 49,434 | 49,434 | 33,330 | ||||
| 7. Staff costs | ||||||
| Unrestricted | Restricted | 2021 | 2020 | |||
| Funds | Funds | Total | Total | |||
| f | f | f | f | |||
| Salaries | 42,959 | 42,959 | 43,152 | |||
| Employer | Nl | 1,019 | 1,019 | 533 | ||
| Pension Costs | 936 | 936 | 902 | |||
| 44,914 | 44,914 | 44,587 | ||||
| &.Grants and Donations | ||||||
| Unrestricted | Restricted | 2021 | 2020 | |||
| Funds | Funds | Total | Total | |||
| f | f | f | f | |||
| Others | 206 | |||||
| 206 | ||||||
| 9.Maintenance | on Church property | |||||
| Unrestricted | Restricted | 2021 | 2020 | |||
| Funds | Funds | Total | Total | |||
| f | f | f | ||||
| Hall decoration | 8,184 | |||||
| Boiler repairs | 696 | 696 | 1,944 | |||
| Roof repairs | 5,940 | 5,940 | 4,440 | |||
| Car park pavement | repairs | 700 | ||||
| Notice Board | 1,945 | |||||
| Heating resseting | 108 | 10& | ||||
| CCTV repairs | 130 | 130 | ||||
| light repairs | 600 | 600 | 420 | |||
| painting various areas ofthe church | 1,745 | 1,745 | 1137 | |||
| Caretaking | 675 | |||||
| Toilet repairs | 300 | |||||
| Abestos management check |
295 | |||||
| Fire and security systems | 137 | 137 | 304 | |||
| Cleaning and Waste removal | 835 | 835 | 3,319 | |||
| 10,191 | 10&191 | 23,663 |
| 10.Mainte | nanc | e on Flat |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Funds | Funds | Total | Total | ||||
| E | E | 6 | f | ||||
| Boiler repirs | 156 | 156 | |||||
| Equipment | 490 | 490 | |||||
| 11.Insurance, | Utilities | ||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Funds | Funds | Total | Total | ||||
| E | E | E | 6 | ||||
| Water | 1,127 | 1,127 | 1,264 | ||||
| Gas / Electricity | 10,946 | 10,946 | 9,788 | ||||
| Insurance | 4,276 | 4,276 | 4,275 | ||||
| 16,349 | 16,349 | 15,327 | |||||
| 12.Office | Expenses / Administration | ||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Funds | Funds | Total | Total | ||||
| f | 6 | E | |||||
| Postage and | Stationery | 205 | 205 | 443 | |||
| Bank Chages | 32 | 32 | |||||
| Telephone | 211 | 211 | 242 | ||||
| Inernet/Website/Satelite | 742 | 742 | 1,162 | ||||
| Investment | fees | 84 | 84 | 91 | |||
| Office (Holiday cover) | 1,155 | 1,155 | |||||
| 21429 | 2,429 | 1,938 | |||||
| 13.Other | expenditure | ||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Funds | Funds | Total | Total | ||||
| 6 | 6 | E | |||||
| Worship Supplies | 584 | 839 | 1„423 | 1,946 | |||
| Organist /Chuch | band | 4,726 | |||||
| overhead Projector |
684 | ||||||
| Training, Conference 8 Workshops |
231 | ||||||
| Flowers | 640 | ||||||
| Computer supplies |
1,090 | 1,090 | |||||
| church equipment | 140 | 140 | |||||
| Connexional | Fund Wembley | Circuit | 500 | 500 | |||
| Equipment | repairs and Maintanance | 342 | |||||
| Professional | fees | 400 | 400 | ||||
| Youth | 969 | ||||||
| End ofterm | Activities | 1,486 | |||||
| Hospitality | and Refreshments | 240 | |||||
| Harvest Supper | 200 | ||||||
| Junior church | 186 | ||||||
| Equipment | Hire | 734 | 734 | 1,586 | |||
| Finance Interest | 79 | 79 | 136 | ||||
| Depreciation | 556 | 556 | 556 | ||||
| Gratuities | 250 | ||||||
| 4,083 | 839 | 4,922 | 14,578 |
| 14.Tangibl | e | assets | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures | ||||||||
| Land & | Fittings & | Office | |||||||
| Buildings | Equipment | Equipment | Total | ||||||
| Cost or valuation | f | f | f | f | |||||
| At 1September 2020 & | |||||||||
| At 31August | 2021 | 3,104,952 | 2,686 | 3,107,638 | |||||
| Depreciation | |||||||||
| At 1September 2020 | 1,668 | 1,668 | |||||||
| Charge for year | 556 | 556 | |||||||
| At 31August | 2021 | 2,224 | 2,224 | ||||||
| Carrying Value | |||||||||
| At 31August | 2021 | 3,104,952 | 462 | 3&105,414 | |||||
| At 31August | 2020 | ||||||||
| 3,104,952 | 1,018 | 3,105,970 | |||||||
| The net book value of equipment | f462 is the value ofassets | held under finance | leases. The | depreciation | charged | in respect of | |||
| such assets | amounted to f556for |
the year. | |||||||
| 15.Investments | |||||||||
| 2021 | 2020 | ||||||||
| f | f | ||||||||
| Valuation at |
1September 2020 | 31,469 | 34,851 | ||||||
| Valuation changes |
8,456 | (3,382) | |||||||
| Valuation at | 31August 2021 | 39,925 | 31,469 | ||||||
| investments | held by Central | Finance board | 39,925 | 31,469 | |||||
| At 31August | 2021 | 39,925 | 31,469 | ||||||
| 16.Debtors | |||||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||||
| Funds | Funds | Total | Total | ||||||
| f | f | f | f | ||||||
| Accruals | 10,571 | 10,571 | 3,672 | ||||||
| Other Debtors | 32,314 | 32,314 | 5,471 | ||||||
| 42,885 | 42,885 | 9,143 | |||||||
| 17.Creditors: amounts | falling | due within one year | |||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||||
| Funds | Funds | Total | Total | ||||||
| f | f | f | f | ||||||
| Obligations | under finance leases | 508 | 508 | 627 | |||||
| Accruals | 2,377 | 2,377 | 5,563 | ||||||
| Other Creditors | 338 | 338 | |||||||
| 3.223 | 3.223 | 6,190 | |||||||
| 18.Creditors: amounts | falling | due after more than one year | |||||||
| Unrestricted | Restricted | 2021 | 2020 | ||||||
| Funds | Funds | Total | Total | ||||||
| f | f | f | |||||||
| Obligations | under finance leases | 508 | |||||||
| Page 19 |
| 19.Analysis | ofn | et assets between funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | ||||||
| Fund balances | at 31August 2021are represented | by: | Funds f |
Funds 6 |
Total f |
|||
| Tangible fixed | assets | 3,105,414 | 3,105,414 | |||||
| Investments | 39,925 | 39,925 | ||||||
| Current assets | 141,972 | 5,545 | 147,517 | |||||
| Creditors: amount | falling due within one year | (3,223) | (3,223) | |||||
| Creditors: amount | falling due after more than one year | |||||||
| 3,244,163 | 45,470 | 3,289,633 | ||||||
| 20.Restricted funds | ||||||||
| Balance as at | Transfers | Balance as at | ||||||
| 01.09.20 | Incoming | Outgoing | between | funds | 31.08.21 | |||
| 6 | 6 | 6 | 6 | E | ||||
| Funds | ||||||||
| i.CFBManaged | Equity Fund | 31,469 | 10,589 | (2,133) | 39,925 | |||
| ii. Fuel Music Academy | 4,423 | 645 | (660) | 4,408 | ||||
| iii. Summer camp/ | Emd ofterm Activities | 1,137 | 1.137 | |||||
| 37,029 | 11,234 | (2,793) | 45,470 | |||||
| 21.Unrestricted | funds | |||||||
| Balance as at | Transfers | Balance as at | ||||||
| 01.09.20 E |
Incoming f |
Outgoing 6 |
between | funds f |
31.08.21 E |
|||
| Funds | ||||||||
| i. Unrestricted | fund | 3,199,053 | 148,170 | (106,612) | 3,240,611 | |||
| ii.Junior church | 1,429 | 1,429 | ||||||
| i. Benevolence | Fund | 2.123 | 2.123 | |||||
| 3,202,605 | 148,170 | (106,612) | 3,244,163 |