2022-08-31-accounts - Sudbury Methodist Church

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202 udbury Methodist Church emblgy Clrcuft- No 35124> arlty R8gistralknn Numb8r116521B unts for the year 31 AuguBt 2022

TABLEOF CONTENTS	page
ANNUAL TRUSTEES' REPORT	3-7
STATEMENT OFTRUSTEES' RESPONSIBIUTIES
INDEPENDENT EXAMINERS' REPORT
STATEMENT OF FINANCIAL ACTIVITIES	10-11
BAlANCE SHEET	12
NOTES TO THE ACCOUNTS	13-20

			Unrestncted	Restncted	2022	2021
		Notes	Funds	FUItcls	Total	Total
			E	6	6	E
Inmme and Endowments	from:
Offerings			17,972		17,972	20,355
Grants and Donations Gift aid			437 3,440		437 3~	7,121 4,803
Interest and Investment	inmme		488	1,017	1,505	925
Rental Income			66,250		66,250	66,370
Other Income			77,204		77,204	49,434
Internal organisations				205	205	645
Total income			165,791	1,221	167,013	149,653
Expenditure on:
Charitable aaivfues
Staff costs:			45,005		45,005	44,914
Circuit assessment			28,000		28,000	28,000
Grants and donations		8	75		75
Property maintenance		9	6,725		6,725	10,191
Flat Maintenance		10	4,446			646
Insurance, utilities		11	18,094		18,094	16,349
Office expenses		12	1,758		1,758	2,429
Other expenditure		13	6,217	1,017	7,234	4,922
Internal organisations				315	315	660
Total expenditure					111,652	108,111
Net (expenditure)/Income	before		55 71
other recognised gains and losses
Gain on investment assets						8,457
Net movement in funds			55~71	l4A90)	51,081	49,999
Funds balances at 1September 2021				45,470
Funds balances at 31August 2022

Statement of Financial Activities forthe year ended 31August 2	Statement of Financial Activities forthe year ended 31August 2	Statement of Financial Activities forthe year ended 31August 2	Statement of Financial Activities forthe year ended 31August 2	022
Comparative year information				Unrestricted	Restdicted	2021
Year ended 31August 2021			Notes	Funds	Funds	Total
				E	E	E
Income and Endowments	from:
Offerings				20,355		20,355
Grants and Donations				7,121		7,121
Gift aid				4,803		4,803
Interest and Investment			Income	87	838	925
Rental Income				66,370		66,370
Other income				49,434		49934
Internal organisations					645	645
Total income						149,653
Expenditure on:
Charitable activities
Staff costs				44,914		44,914
Circuit assessment				28,000		28,000
Grants and donations			8
Property Maintenance			9	10,191		10,191
Flat Maintenance			10	646		646
Insurance, Utilities			11	16,349		16,349
Office expenses			12	2,429		2~9
Other expenditure			13	4,083	839	4,922
Internal organisations Total expenditure Net (expenditure)/Income other recognised gaIns and		before losses		106,612 8	660 ~l	660 108,111 T
Net expenditure/income	before
Gains on investment assets					8,457	8,457
Net movement in funds				41,558	BM1	49,999
Funds balances at 1September 2020				3,202,605	37,029	3,239,634
Funds balances at 31August			2021	3,244,163	45+70	3,289.633
inf	d		amn
anni ~Bn fi lgtigE
Mission			In Britain		91
Tots	I				91
Offerings and Gifts		passed to External Organisations			91
Balance carried forward

				Unrestricted	Restricted	2022	2021
				Funds	Funds	Torsi	Total
			Notes				6
Fixed Assets
Tangible assets			14	3,110,418		3,110,418	3,105,414
TMCP			15		35,645	35,645	39,925
				3,110,418	35,645	3,146,063	3,145,339
Current Assets
Debtors			16	4,812		4,812	42,885
T.M.C.P. Interest	funds			10,575		10,575	10,575
Central Finance Board Deposits				104,944		104,944	11,582
Cash at bank and	in hand			74,780	5,435	80,215	82,475
				195,111	5,435	200,546	147,517
Creditors: amounts	falling due within	one year	17	(1,168)		(1,168)	(3,223)
Net Current Assets				193,943	5,435	199,378	144,294
Creditors: Amounts	falling due after
more than one year			18	(4,727)		4,727
Total assets less current liabilities				3,299,634	41,080	3,340,714	3,289,633
Accumulated funds
Unrestricted funds			21	3,299,634		3,299,634	3,244,163
Restricted funds			20		41,080	41,080	45,470
Total Funds				3,299,634	41,080	3,340,714	3,289,633

						Unrestricted	Restricted	2022	2021
						Funds	Funds	Total	Total
						E	E	6	E
Boiler repirs						2,760		2,760	156
Meter separation			and installation			1,686		1.686
Equipment									490
						4,446		4,446
11.Insurance,			Utilities
						Unrestricted	Restricted	2022	2021
						Ftrncls	Funds	Total	Total
						6	E	6	E
Water						1,371		1,371	1,127
Gas/ Electricity						12,119		12,119	10,946
Insurance						4,604		4,604	4276
						18,094			16,349
12.Office	Expenses / Administration
						Unrestricted	Restricted	2022	2021
						Funds	Funds	Total	Total
						E	E	6	E
Postage and	Stationery					24D		240	205
Bank Chages						127		127	32
Telephone						218		218	211
Inernet/Website/Satalite						339		339	742
Investment	fees					144		144	84
Office (Holiday cover)						690		690	1,155
						1758		1,758	2,429
13.Other	expenditure
						Unrestricted	Restricted	2022	2021
						Furlds	Ferris	Total	Total
							6	6	6
Worship Supplies						753		753	1,423
Organist /Chuch		band				445		445
overhead Projector repairs						636		636
Flowers						110		110
Computer supplies			and maintenance			94	1,017	1,111	1,090
Connexional	Fund		Wembley	Circuit					500
Church Equipment			repairs and		maintenance	464		464	140
Professional	fees	(Accounts		examination)		400		400	400
Membership	fee	(Software)				278		278
Hospitality and Refreshments						1,038		1,038
Equipment	Hire					817		817	734
Finance Interest						2&0		2&0	79
Depreciation						652		652	556
Gratuities						250		250
						6,217	1,017	7,234	4,922

						2022	2021
						E
Valuation	at	1September 2021				39,925	31,469
Valuation	changes					4,280	8456
Valuation	at	31August 2022				35645	39,925
investments		held by Central	Finance board				39,925
At 31August		2021				35,645	39925
16.Debtors
				Unrestncted	Restricted	2022	2021
				Funds	Funds	Total	Total
				E	f	E	E
Accruals				3,460		3VI60	10,571
Other Debtors				1,352		1,352	32,314
				4,812			42,885
17.Creditors: amounts			falling due within one year
				Unrestricted	Restricted	2022	2021
				Funds	Funds	Total	Total
				6	f	E	E
Obligations	under finance leases			768		768	508
Accruals				400		400	2,377
Other Creditors							338
				1,168		1,168	3,223
18.Creditors: amounts			falling due after more than one year
				Unrestricted	Restricted	2022	2021
				Funds	Funds	Total	Total
				f	f	f	E
Obligations	under finance leases			4,727		4,727
							Page 19

										Unrestricted	Restricted	Restricted	Restricted	2022
Fund balances	at 31August 2022 are represented				by:					Funds			Funds	Total
										f			E	f
Tandble fixed	assets									3,110,418				3,210r418
Investments													35,645	35,645
Current assets										195,111			5,435	200,546
Creditors: amount		falling due within one year								(1,168)				(1,168)
Creditors: amount		falling due after more than	one		year					(4,727				4,72
										3299634			41,080	3,340,714
20.Restricted funds
				Balance asat								Transfers		Balance asat
						01.09.21 f		Incoming f		Outgoing f	between		funds f	31.08.22 E
Funds
i.CFBManaged	Equity Fund						39,925	6,532		(10,812)				35,645
ii. Fuel Music Academy							4,408		205	(315)				4,298
iii. Summer camp/		Emd ofterm Activities					1137							1137
							45,470	6,737		11127				41080
i. CFBmanaged	Equity Fund. This Investment		is	managed by The				Trustees	For Methodist Church		Purposes(TMCP)
ii.Fuel Music Accademy. This fund was set for			engadng				children	and young	people	in Wembley	through	music
iii.Summer camp/		Emd ofterm Activities this	fund		is	for summer		activities
21.Unrestricted		funds
				Balance asat								Transfers		Balance asat
						01.09.21 f		Incoming E		Outgoing f	between		funds f	31.08.22 E
Funds
i. Unrestricted	fund				3,240,611			165,791		(110,320)				3,296,082
ii.Junior church							1,429							1W9
i. Benevolence	Fund						2,123							2,123
					3,244 163			165,791		(110,320)				3,299,634