2023-08-31-accounts - Sudbury Methodist Church

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2023 Sudbury Methodlst Church ity Wlstsllon Number 1165218 Accounts ft)r the year endgd 31 Augu 2023 (Wembley Clrcult- No 351241

TABLE OF CONTENTS	pa
ANNUAL TRUSTEES' REPORT
STATEMENT OFTRUSTEES' RESPONSIBIUTIES
INDEPENDENT EXAMINERS' REPORT
STATEMENT OF FINANCIAL ACTIVITIES	10-11
BALANCE SHEET	12
NOTES TO THE ACCOUNTS	11-20

						Unrestricted	Restricted	2023	2022
				Notes		Funds	Funds	Total	Total
						6	E	E	E
Income and Endowments	from:
Offerings						18,512		18,512	17,972
Grants and Donations						495		495	437
Gift aid						3,072		$,072	3,440
Interest and Investment		inmme				5,111	927	6,038	1,505
Rental Income						36,354		36,354	66,250
Other Income						80,241		80,241	77,204
Internal organisations									205
Total income						143,785	927	144.712	167,013
Expenditure on:
Charitable activities
Staff costs:						48,228			45,005
Circuit assessment						32,000		32,000	28,000
Grants and donations					8	179		179	75
Property maintenance					9	12,764		12,764	6,725
Flat Maintenance					10	4,032		4,032	4,446
Insurance, utilities					11	23,539		23,539	18,094
Office expenses					12	2,759		2.759	1,758
Other expenditure					13	26,822	927	27,749	7,234
Intern aI o rgani sat ion s									315
Total expenditure						150,323	927	151,250	111,652
Net (expenditure)/income		before				(6,5$8)		(6,538)	55,361
other recognised gains and		losses
Gain on investment assets							784	784	(42$0)
Net movement in funds Funds balances at 1September			2022			(6,53$) 3,299,634	784 41,080	(5,754) 3,340,714	51,081 3,289,633
Funds balanms at31August 2023						3,293,096	41,864	3,$34,960	3,340,714
Collecli n for and		a men		External Or	nisations
Pakistan		appeal					183
World Mission Fund							152
Total							334
Offerings and Gifts		passed to External Organisations					(334)
Balan«e carried forward

Comparative year information	Comparative year information	Comparative year information	Comparative year information		Unrestricted	Restricted	2022
year ended 31August 2022				Notes	Funds	Funds	Total
					E	E	E
Income and Endowments		from:
Offerings					17,972		17,972
Grants and Donations					437		437
Gift aid					3,440		3,440
Interest and Investment			Income		488	1,017	1,505
Rental Income					66,250		66,250
Other income					77,204		77,204
Internal organisations						205	205
Total income					6	1222	167,013
Expenditure on:
Charitable activities
Staff costs					45,005		45,005
Circuit assessment					28,000		28,000
Grants and donations				8	75		75
Property Maintenance				9	6,725		6,725
Flat Maintenance				10	4,446		4,446
Insurance, Utilities				11	18,094		18,094
Office expenses				12	1,758		1,758
Other expenditure				13	6,217	1,017	7,234
Internal organisations						315	315
Total expenditure
Net (expenditure)/income		before
other recognised gains and		losses			55jl71	110	55,361
Net expenditure/income	before
Gains on investment assets						80L
Net movement in funds					55,471	(4,390)	51,081
Funds balances at 1September 2021 Funds balances at 31August 2022					3,244,163	45,470 , 80	3,289,633 3,340»

			Unrestrlcted		Restrkted	2023	2022
			Funds		Funds	Total	Total
		Notes	6		6		6
Need Assets
Tangible assets		14	3,209,287			3,109r2$7	3,110r418
TMCP		15			36/29	gfr429	35,645
			3,109,287		36,429	$,145,717	3,146,063
Current Assets
Debtors		16	4,403			er403	4,812
T.M.C.P. Interest	funds		10,575			stk575	10,575
Central Finance Board Deposits			142,706			142,706	104,944
Cash at bank and	In hand		36,828		5/35	42,263	80,215
			194,512		5,435	199.047	200,546
Credltorsr amourus	Nalng due wMdn one year	17	(srl51)			(tk952)	(1,16$)
Net Current Assets			187,561		5,435	192,996	199,378
cradkora Amounts	faalng due alter
more than one ysnr		1$	(3,752)			3,752	(4,727)
Total assets less current llab8kles			3293096		41864	3A34A60	3,340.714
Accumulated funds
Unrestricted funds		21	3,293,096			M93286	3,299,634
Restricted funds		20			41,864	422N4	41,030
Total Funds			3.29A096	.	4VI64	Jlm

Revd	Nlge Wright	Msloses Atfambo
Chair	ofChurch	Church Treasurer

10.Maintenan	ce	on	Flat
					Unrestricted	Restricted	2023	2022
					Funds	Funds	Total	Total
					F.	f	f	f
Roof repairs					2,280		2,280	2,760
Other repairs and		Maintenance			1,752		1,752	1,686
Boiler repirs								2,760
Meter separation		and installation						1,686
					4,032		4,032	8,892
11.Insurance,		Utilities
					Unrestricted	Restricted	2023	2022
					Funds	Funds	Total	Total
					f	f	f	f
Water					1,709		1,709	1,371
Gas/ Electricity					16,841		16,841	12,119
Insurance					4,989		4,989	4,604
					23,539		23,539	18,094
12.Office Expenses /			Administration
					Unrestricted	Restricted	2023	2022
					Funds	Funds	Total	Total
					f	f	f	f
Postage and Stationery					503		503	240
Bank Chages					102		102	127
Telephone					1,172		1,172	218
Inernet/Website/Satelite					156		156	339
Investment fees					132		132	144
Office (Holiday cover)					694		694	690
					2759		2,759	1,758
13.Other expenditure
					Unrestricted	Restricted	2023	2022
					Fullds	Funds	Total	Total
					f	f	f	f
Worship Supplies					347	927	1,274	753
Organist /Chuch	band				3,729		3,729	445
overhead Projector		repairs			90		90	636
Flowers					29		29	110
Sudbury Neighbourhood			Centre		7,522		7,522
Computer supplies		and maintenance			56		56
Chairs					9,366		9,366
Church Equipment		repairs	and	maintenance				464
Professional fees	IAccounts examination)				400		400	400
Membership fee	isoftware)				454		454	278
Hospitality and Refreshments					248		248	1,038
Equipment Hire					733		733	817
Finance Interest					907		907	280
Depreciation					1131		1,131	652
Youth/Junior church					1,460		1,460
Gratuities					350		350	250
					26422	927	27,749	7,234

					2023	2022
					E	E
Valuation	at	1September 2021			35,645	39,925
Valuation	changes				784	4,280
Valuation	at	31August 2022			36,429	35,645
investments		held by Central Finance board			36829	35,645
At 31August		2021			36VI29	35,645
16.Debtors
			Unrestricted	Restricted	2023	2022
			Funds	Funds	Total	Total
			E	6	E	E
Accruals			3,227		3,227	3,460
Other Debtors			1,176		1,176	1,352
			4,403		4,403	4,812
17.Creditors: amounts falling due within one year
			Unrestricted	Restricted	2023	2022
			Funds	Funds	Total	Total
			E	E	E	E
Obligations	under finance leases		975		975	768
Accruals			5,625		5,625	400
Other Creditors			351		351
			6.951		6,951	1,168

18.Creditors:	amounts falling due after	more than on	e year
			Unrestricted	Restricted		2023	2022
			Funds	Funds		Total	Total
			6	E		E	E
Obligations under	finance leases		3752			3752	4727
19.Analysis of	net assets between funds
				Unrestricted	Restricted		2023
Fund balances at	31August 2023are represented	by;		Funds		Funds	Total
				E
Tangible fixed assets				3,109,287			3,109,287
Investments						36,429	36W9
Current assets				194,512		5,435	199,947
Creditors: amount	falling due within one year			(6,951)			(6,951)
Creditors: amount	falling due after more than one year			(3,752			(3,752)
				3,293,096		41,864	3,334,960
20.Restricted funds
		Balance asat			Transfers		Balance as at
		01.09.22	Incoming	Outgoing	between	funds	31.08.23
		E	E	E		E	E
Funds
i.CFB Managed Equity Fund		35,645	7,320	(6,536)			36+29
ii. Fuel Music Academy		4,298					4,298
iii. Summer camp/	Emd ofterm Activities	1,137					1,137
		41080	7,320	(6,536			41,864