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<br>OFTRUSTEES' RESPONSIBIUTIES||
|INDEPENDENT<br>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<br>Gift aid|||437<br>3,440||437<br>3~|7,121<br>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<br>organisations||||205|205|645|
|Total income|||165,791|1,221|167,013|149,653|
|Expenditure<br>on:|||||||
|Charitable<br>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,<br>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<br>organisations||||315|315|660|
|Total expenditure|||||111,652|108,111|
|Net (expenditure)/Income|before||55 71||||
|other recognised<br>gains and losses|||||||
|Gain on investment<br>assets||||||8,457|
|Net movement<br>in funds|||55~71|l4A90)|51,081|49,999|
|Funds balances at 1September 2021||||45,470|||
|Funds balances at 31August 2022|||||||





## 

|Statement<br>of Financial Activities forthe year ended 31August 2|Statement<br>of Financial Activities forthe year ended 31August 2|Statement<br>of Financial Activities forthe year ended 31August 2|Statement<br>of Financial Activities forthe year ended 31August 2|022|||
|---|---|---|---|---|---|---|
|Comparative<br>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<br>organisations|||||645|645|
|Total income||||||149,653|
|Expenditure<br>on:|||||||
|Charitable<br>activities|||||||
|Staff costs||||44,914||44,914|
|Circuit assessment||||28,000||28,000|
|Grants and donations|||8||||
|Property<br>Maintenance|||9|10,191||10,191|
|Flat Maintenance|||10|646||646|
|Insurance,<br>Utilities|||11|16,349||16,349|
|Office expenses|||12|2,429||2~9|
|Other expenditure|||13|4,083|839|4,922|
|Internal<br>organisations<br>Total expenditure<br>Net (expenditure)/Income<br>other recognised<br>gaIns and||before<br> losses||106,612<br>8|660<br>~l|660<br>108,111<br>T|
|Net expenditure/income|before||||||
|Gains on investment<br>assets|||||8,457|8,457|
|Net movement<br>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<br>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<br>funds||||||||
|Unrestricted<br>funds|||21|3,299,634||3,299,634|3,244,163|
|Restricted<br>funds|||20||41,080|41,080|45,470|
|Total Funds||||3,299,634|41,080|3,340,714|3,289,633|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Offering||||||17,972|20,352|
|Junior church|||||||3|
|||||||17,972|20,355|
|4.Interests end Investment|||income|||||
|||||Unrestricted|Restricted|2022|2021|
|||||Funds|Funds|Total|Total|
|||||E|E||E|
|TMCP Investment<br>holdings:||||||||
|Dividends|||||1,D17|1,017|838|
|Interest||||50||50|36|
|Central|Finance Board|deposit interest||438||438|51|
|||||488|1017|1,505|925|
|5.Rental Income||||||||
|||||Unrestricted|Restricted|2022|2021|
|||||Funds|Funils|Total|Total|
|||||E|6|E|E|
|Flat||||15,000||15,000|15,120|
|Sudbury|Neighbourhood|Centre||51250||51,250|51,250|
|||||66,250||66,250|66,370|





## 

## 

||||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Funds|FUnds|Total|Total|
||||||E|f|E|E|
|Flowers|||||120||120|40|
|Hall Hire|||||26,889||26,889|17,698|
|Church|Hire||||49,895||49,895|30,461|
|Other|||||300||300|1,235|
||||||77204||77204|49434|
|7. Staff costs|||||||||
||||||Unrestricted|Restricted|2022|2021|
||||||Funds|Funds|Total|Total|
||||||f|f|f|E|
|Salaries|||||43,559||43,559|42,959|
|Employer||Nl|||510||510|1,019|
|Pension||Costs|||936||936|936|
||||||45,005||45005|44914|
|8.Grants and Donations|||||||||
||||||Unrestricted|Restriicted|2022|2021|
||||||Funds|FUnds|Total|Total|
||||||F.|f|f|E|
|Others|||||75||75||
||||||75||75||
|9.Maintenance|||on Church property||||||
||||||Unrestricted|Restricted|2022|2021|
||||||Funds|FUnds|Total|Total|
||||||E|f|6|E|
|Boiler repairs|||||730||730|696|
|Roof repairs||||||||5,940|
|Sudbury|Neighbourhood|||Centre meter separation|3,181||||
|Heating|Resetting|||||||108|
|CCTV repairs||||||||130|
|light repairs||||||||600|
|painting|various areas ofthe church|||||||1,745|
|Ughting|protection||installation||450||||
|Fire and|security systems||||274||274|137|
|Cleaning|and|Waste removal|||2090||2,090|835|
||||||6,725||6725|10191|





## 

## 

|||||||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<br>Supplies||||||753||753|1,423|
|Organist<br>/Chuch||band||||445||445||
|overhead<br>Projector repairs||||||636||636||
|Flowers||||||110||110||
|Computer<br>supplies|||and maintenance|||94|1,017|1,111|1,090|
|Connexional|Fund||Wembley|Circuit|||||500|
|Church<br>Equipment|||repairs and||maintenance|464||464|140|
|Professional|fees|(Accounts||examination)||400||400|400|
|Membership|fee|(Software)||||278||278||
|Hospitality<br>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|





## 

|14.Tangible assets|||||
|---|---|---|---|---|
||Freehold|Fixtures|||
||land 4|Fittings L|Ofhce||
||augdlngs|Equipment|Equipment|Total|
|Cost or valuation|f|f|E|f|
|At 1September 2021|3,104,952||2,686|3,107,638|
|Additional|||5655|5 655|
|At 31August 2022|3104952||8341|3113293|
|Depredation|||||
|At 1September 2021|||2 223|2,223|
|Charge for year|||652|652|
|At 31August 2022|||2,875|22I75|
|Carrying Value|||||
|At 31August 2022|3,104,952||5,466|3,110,418|
|At 31August 2021|||||
||3,104,952||462|3,105,414|



## 

|||||||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<br>f||Incoming<br>f||Outgoing<br>f|between||funds<br>f|31.08.22<br>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<br>camp/||Emd ofterm Activities|||||1137|||||||1137|
||||||||45,470|6,737||11127||||41080|
|i. CFBmanaged|Equity Fund. This Investment||is|managed<br>by The||||Trustees|For Methodist<br>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<br>f||Incoming<br>E||Outgoing<br>f|between||funds<br>f|31.08.22<br>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|