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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |||||||f|f| |Offering||||||26,512|17,972| |||||||18,512|17,972| |4.Interests and Investment|||income||||| |||||Unrestricted|Restricted|2023|2022| |||||Funds|Funds|Total|Total| |||||E|E|f|E| |TMCP Investment
holdings:|||||||| |Dividends|||||927|927|1,017| |Interest||||335||335|50| |Central|Finance Board|deposit|interest|4,776||4,776|433| |||||5,111|927|6,033|1,505| |S.Rental Income|||||||| |||||Unrestricted|Restricted|2023|2022| |||||Fullds|Funds|Total|Total| |||||f|f|f|E| |Flat||||15,000||15,000|15,000| |sudbury|Neighbourhood|Centre||21,354||21,354|51,250| |||||36,354||36,354|66,250| ## |6.Other income|6.Other income|||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|2023|2022| ||||Funds|Fllllds|Total|Total| ||||f|E|E|E| |Flowers|||40||40|120| |Hall Hire|||22,057||22,057|26,889| |Church
Hire|||57,002||57,002|49,895| |Insurance
Claims|||1,042||1,042|| |Other|||100||100|| ||||80,241||80241|77,204| |7. Staff costs||||||| ||||Unrestricted|Restricted|2023|2022| ||||Funds|FIIIItls|Total|Total| ||||E|f|E|f| |Salaries|||46,726||46,726|43,559| |Employer
Nl||||||510| |Pension Costs|||1,502||1,502|936| ||||48228||48228|45005| |8.Grants and Donations||||||| ||||Unrestricted|Restricted|2023|2022| ||||Funds|Funds|Total|Total| ||||E|f|E|f| |Benevolence|||138|0|138|0| |Others|||41||41|75| ||||179|||75| |9.Maintenance|on Church property|||||| ||||Unrestncted|Restricted|2023|2022| ||||Funds|Funds|Total|Total| ||||E|E|f|E| |Boiler repairs|||960||960|730| |Roof repairs|||3,702||3,702|| |meter separation||||||3,181| |Electrical works|||410||410|| |New radiator installation|||1,116||1,116|| |Minister oface and||Manse contribution|3,000||3,000|| |Plumbing
work and||Notes Board|480||480|| |Ughting
protection||installation||||450| |Fire and security systems|||364||364|274| |Cleaning and Waste||removal|2,296||2,296|2,090| |Miscellaneous|||436||436|2090| ||||12,764||12,764|8,815| ## ## |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| ## ## |||Freehold|Fixtures||| |---|---|---|---|---|---| |||land 8|Fittings a|Office|| |||Buildings|Equipment|Equipment|Total| |Cost or valuation||E|E|E|E| |At 1September|2022|3,104,952||8,341|3,113,293| |fully Depreciated
At 31August 2023||3,104,952||(2,686)
5,655|2,686
3110607| |Depreciation|||||| |At 1September|2022|||2,875|2,875| |Charge for year||||1,131|1,131| |fully Depreciated
At 31August 2023||||(2,686)
1320|(2 686)
1.320| |Canying Value|||||| |At 31August 2023||3,104952||4,335|3,109,287| |At 31August 2022|||||| |||3,104,952||5,466|3,110,418| ## ||||||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| |21.Unrestricted|21.Unrestricted|funds||||||| |---|---|---|---|---|---|---|---|---| ||||Balance asat|||Transfers||Balance as at| ||||01.09.22|Incoming|Outgoing|between|funds|31.08.23| ||||E|E|E||E|6| |Funds||||||||| |i. Unrestricted|fund||3,296,082|142,370|(148,725)|||3,289,727| |ii.Junior church|||1,429||(45)|||1,384| |iii. Youth||||1,415|(1,415)|||| |iv. Benevolence|Fund||2123||138|||1,985| ||||3,299,634|143,785|150,323)|||3293096|