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2020-08-31-accounts

ACCRUAL ACCOUNTS 2019-2020

For the year ended 31 August 2020

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St George’s Victoria Park
Winton Trinity
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Bournemouth Methodist Church is part of the Poole Bay Methodist Circuit and Southampton District (26/09)

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

TRUSTEE’S ANNUAL REPORT

Introduction

The Bournemouth Methodist Church (also referred to as Bournemouth Methodists) was formed on 1st September 2016 as a result of the joining together of four churches located in the Bournemouth area, with the aim to share resources to better fulfil its mission and to be more efficient in its governance. The four churches (now referred to as Mission Centres) are St George’s, Trinity, Victoria Park and Winton Methodist. St George’s and Trinity were both registered charities prior to joining together. Both charities have since been closed and the assets of all four of the mission centres have been transferred to Bournemouth Methodists.

Aims

Charity objective is to act as a Resource provider within the area around Bournemouth for the Methodist church:

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;

Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church;

Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;

Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.

Objectives and Activities

The Church invites people to lead lives inspired by Jesus Christ through acts of worship, service, care, social action and ministry. As part of the worldwide Christian Church, the objectives of the Bournemouth Methodist Church are to preach the Christian message, providing facilities for Christian worship and to serve the needs of the local community.

We strive to do this by:

Providing a welcoming environment for Christian worship, teaching and activities in a variety of ways suitable for all.

Explaining our faith to anyone who wishes to hear about it.

Reflecting the love of God for humanity in all our activities.

Seeking to be a hub for the local community, based around a Christian ethos but open to those of any faith or none.

Researching, listening and responding to the needs of the people around us.

Working and sharing with local charities, community groups and other faith-based organisations to realise greater opportunities to help those in need.

Being open to different viewpoints, ideas and ways of operating whilst retaining our Christian beliefs.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of:

The Bournemouth Methodist Church monitors its activities and success via a number of internal forums – Property & Finance, Mission & Outreach, Worship & Spirituality and via the Pastoral Secretaries. Each of these groups discuss new ideas and existing issues, relevant to that forum and make recommendations to the Church Council (Trustee body). They also ensure that activities agreed by the Church Council are carried out.

Activities

The organisation and resourcing of regular public acts of worship open to members of the Church and non-members alike.

The teaching of Christianity through sermons, courses and small groups. The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to the local university and other institutions.

The large majority of the charity’s Trustees take on this responsibility on a voluntary basis.

The Trustees rely heavily on members of the Circuit Churches to volunteer for specific roles, such as Circuit Stewards and Local Preachers Trainers.

Bournemouth Methodist Church carries out a range of activities in pursuance of its mission.

The trustees consider that these activities, summarised below, provide benefit to those who are members of the Church and the wider community of Bournemouth.

Acts of worship and pastoral care

Bournemouth Methodists offers the opportunity for people to participate in Sunday worship every week and at additional times in the Christian calendar as advertised in the Poole Bay Circuit Preaching, available to the general public via the Poole Bay Methodist Circuit website and on church notice boards.

The Church produces a quarterly preaching plan to ensure regular acts of worship take place at each of its four mission centres. These are open to all people, without charge.

The pastoral care of the mission centres is shared by three Ministers, stationed by the Methodist Church of Great Britain.

The Covid-19 pandemic enforced the closure of all Methodist churches in March 2020 and worship material was subsequently provided through a downloaded audio service or a printed version. In

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

addition, Zoom services were arranged. These services were advertised on the Poole Bay Circuit Website.

Baptisms, Weddings and Funerals

The Ministers conducted baptisms, weddings and funerals at each of the mission centres. These services are available at the discretion of the Minister. No charge is made for baptisms. A modest set fee is usually charged for weddings and funerals.

Achievements and Performance

The Forums set up at formation of Bournemouth Methodist Church (covering Worship & Spirituality, Mission, Pastoral and Property & Finance) have met regularly until March 2020 and have been actively exploring how these areas can be strengthened.

The mission centres have continued to be paired for worship planning to ensure that a breadth of different styles of worship can be offered in the Bournemouth area. Where there may be a traditional service being conducted at one church, there is a more contemporary style being offered nearby.

The mission centre at Southbourne (Trinity) received authority from BCP Council to proceed with the Soft Play Area and Café (known as ‘The BOAT’) short for “Best Of All Things (or Times) at Trinity" but due to the Covid-19 pandemic planning work stopped and the situation will be reviewed when activity at the mission centre returns to near normal.

Victoria Park mission centre has made headway in the preparation of an intergenerational café known as ‘The Welcome Inn’ and the Café was opened in early March 2020. However, due to the pandemic the Cafe closed and planning for re-opening will take place when the situation returns to near normal. A lot of hard work has been put into starting up these projects which are being largely funded by a legacy left to the church that was designated for missional purposes.

Other initiatives carried out during the period are The Healthy Holiday Project (lunch bags for school holidays).

The Trussell Trust Foodbank centre who moved into the St George’s site in Boscombe during April 2018 have continued to see demand grow. Faithworks Wessex continue to work out of the Winton site to support vulnerable individuals (including running workshops and addiction recovery courses). Sleepsafe, an initiative by BCARS (Bournemouth Christians Alongside Rough Sleepers) and Faithworks also restarted for a week over Christmas and Easter to provide an emergency bed scheme for local rough sleepers. Bournemouth Methodist Church are pleased to be able to continue in partnership with these charities to help to alleviate poverty, addiction, homelessness and social isolation.

Public Benefit

We confirm the Trustees have had regard to the Charity Commission’s guidance on public benefit.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Financial Review of the Year

Income Trends

Church income is primarily drawn from the Sunday collections, donations and legacies receipts paid by the four church congregations. The total giving income for the year of £139,334 was lower than the previous year of £158,856, due to the fall in the amount of collection and tax credits received in the period compared to last year caused by the closure of worship and other activities in the church buildings from March 2020.

The rental income of £54,336 relates to the hire of the church halls, etc to various groups in the community and compared with the previous year’s income of £91,797 shows a reduction due the closure of the buildings from March 2020.

Expenditure Trends

Total expenditure of £156,811 was lower than the previous year’s expenditure of £164,581 (these figures exclude assessments and internal organisations expenditure).

The major cost during 2019/20 was the assessment payment to the Poole Bay Methodist Circuit. This amounted to £131,000 compared to the 2018/19 figure of £164,748.

A significant amount of the Circuit assessment is used to pay the District assessment, stipends and related costs of its Ministers.

Other expenditure includes £62,023 covering utilities (insurance, heat & light, water) and £21,946 covering total costs for maintaining the church buildings.

Fund balances

The total funds held at 31 August 2020 are £13,387,517. A detailed analysis of the funds is set out in Note 16.

FUNDS

Unrestricted General
Designated Funds General
Restricted Funds General
Endowment Funds
Restricted – Fixed Assets

TOTAL
 £159,799
£499,163
£ 63,068
£108,367
£12,557,120
£13,387,517

The designated funds are monies set aside for missionary and gifting purposes along with travel and specific equipment.

Reserves Policy

The Reserves Policy relates to those unrestricted funds (£159,799 as 31[st] August 2020) that we need to ensure are available to meet the day-to-day running costs of the Circuit. We aim to hold a minimum sum equivalent to six months expenditure i.e. £154,514, as recommended by the Methodist Church of Great Britain.

The Trustees consider this amount to be sufficient to meet any unforeseen item of expenditure in the short term and for funding planned activities in the event of any inability to raise the full funds required to meet its obligations during the year.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Basis of preparation and legal framework

The Charity’s Annual Report and Accounts for the year ended 31st August 2020 have been prepared under the Charities Act 2011 in accordance with the 2015 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102 – the Charities SORP (FRS102) and taking note of the update bulletin.

Full name of charity: Bournemouth Methodist Church

Other names used by Charity: Bournemouth Methodists, BMC

Charity Number: 1172154 Date of registration: 20 March 2017

Main contact address: BMC Office, c/o Victoria Park Methodist Church, Edgehill Road, Bournemouth, BH9 2QG

The members of the Bournemouth Methodist Church meeting are the Church Trustees, membership being made up of Church Council office holders, Ministers and representatives appointed by the local Churches.

Circuit Ministers and Officers

Auditor Rothmans Audit LLP

Investment Bankers Central Finance Board of the Methodist Church

Trustees for Methodist Church Purposes

Church Council Meeting Membership as at 31[st] August 2021

Church Council Trustees

Elected Resigned Church Council Secretary Sarah Joy 19.11.2019 Church Treasurer Alan McCoy 09.11.2016 Active Circuit Ministers Rev Tony Cavanagh 09.11.2016 Rev Roberto Viana 09.11.2016 Rev Nick Wood 09.11.2016 31.08.2020 Deacon Suzie Viana 09.11.2016 Circuit Steward Brian Tucknott 31.07.2019 31.08.2020 Bournemouth Tony Fernand 09.11.2016 Michelle Dobson 09.11.2016 14.10.2019

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

St George’s Elected Resigned
Fiona Boardman 09.11.2016 31.08.2020
Denis Dean 09.11.2016 09.05.2022
Jeanne Butcher 09.11.2016 31.08.2020
Peter Boardman 09.11.2016 31.08.2020
Ian Underwood 09.11.2016
Joan Underwood 09.11.2016 31.08.2020
Dr Julian Tawn 09.09.2019
Trinity
Lesley Fernand 09.11.2016
Val Roantree 29.11.2017
Wendy Charman 09.11.2016 31.08.2020
Janet Drayton 09.11.2016
Ray Drayton 19.11.2019
Margaret Bray 29.11.2017
Bridget Bolt 09.09.2019
Kate Greaves 19.11.2019 31.08.2020
Elizabeth Graham 08.05.2022
Victoria Park
Sian Toffoletti 09.11.2016 31.08.2020
Carol Joy 09.11.2016
Gloria Dennigan 09.11.2016 31.08.2020
Anita Hazell 09.11.2016
Glenys Lewer 09.11.2016
Ros Murray 09.11.2016
Paul Parkes 25.06.2019
Edward Lyness 04.11.2021 02.05.2022
June Adams 08.05.2022
Winton
Becca Thompson 09.11.2016
Sue Saunders 09.11.2016
Pam Brown 09.11.2016
Pat Goodhall 09.11.2016
Marion King 05.09.2018
Jane Shipton-Ashwell 23.05.2019 31.05.2020
Margaret Harrison 19.11.2019 09.05.2022
Paul Thompson 08.05.2022
Anita Curtis 08.05.2022
Jean James 08.05.2022

Note: Trustee list includes resignations and appointments from 1[st] September 2019 until the date the accounts were signed.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Structure, Governance and Management

The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976). Detailed governance arrangements are outlined with the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the Circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy Committee.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the Circuit, specifically the leaflet 'The Role of a Trustee in the Methodist Church' is given to all new Circuit meeting members as induction to their roles as Trustees.

All members of the Church Council are Trustees of the Bournemouth Methodist Church. The membership of the Church Council is prescribed in the Standing Orders of the Constitutional Practice and Discipline of the Methodist Church. Under the Standing Orders all the Circuit's Ministers are ex officio members of the Church Council Meeting.

The managing Trustees must operate within the guidelines of the Methodist Church of Great Britain. The Constitutional Practice and Discipline (CPD) of the Methodist Church lays down how the Church should run and the Methodists Church provides guidance on many of the policies required, such as Safeguarding, employment, recruitment etc.

Lay employee's remuneration is discussed by the Church Council and a recommendation is put forward to the managing Trustees with the annual budget. The Methodist Church supports the Living Wage Foundation.

Related Parties

The Bournemouth Methodists are part of the Southampton District and are also accountable to the Methodist Conference.

Risk Management

The major risks have been identified and reported by the Circuit Finance and Property Committee with professional advice taken as required.

There is a regular annual review process undertaken and recorded.

Within the individual churches all expenditure is authorised by an appropriate elected person. The most significant risks faced by the Church are:

Environmental or External factors

Pandemic

After the accounting year end, the world has been affected by the COVID pandemic, all sectors and governments worldwide are facing challenges associated with the economic conditions resulting from efforts to address it. Government safeguarding and other guidelines are being followed by each church. Assistance in the form of grants for loss of income have been provided to the churches by the Circuit.

Other external factors

Changes to government policy which may result in a negative impact to the charity i.e. change of regulations, law, taxation. To address this risk the Trustees ensure they remain up to date with changes in legislation and engage professional advisors where appropriate.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Governance Risks

The Trustees may lack relevant skills or commitment. The Church may find it difficult to fill these roles. To address this risk the Methodist Church of Great Britain provides guidance for managing trustees on its website and via the Constitutional Practice & Discipline (CPD) of the Methodist Church and guidance on the recruitment of volunteers via its Safer Recruitment Policy.

Operational Risks

Employment issues such as volunteers who may lack competencies and the ability to recruit or retain key staff. To address this risk the Methodist Church of Great Britain provides recruitment advice via its Safer Recruitment guidelines and via a District Employment Advisor. The Methodist Church has adopted the payment recommendations of the Living Wage Foundation.

Financial Risks

Loss of income may arise from a decline in the membership of the Church due to dependency on limited income sources such as donations and legacies. To address this risk the Church aims to encourage membership by offering a breadth of different styles of worship and engaging with the local community to raise awareness of its Mission.

Compliance Risks

Potential non-compliance with legislation. To address this risk the Trustees ensure that they follow the guidance issued by the Methodist Church and the Charities Commission.

Fundraising

Whilst the church is very grateful for the voluntary donations received from its members and the wider community it does not actively engage in fundraising activities. The church does not use professional fundraisers or involve commercial participants. It is not a member of any voluntary fundraising schemes or standards for fundraising regulations. There have been no complaints about fundraising activities in the year.

Plans for the Future

Due to the COVID19 virus epidemic all the Bournemouth Methodist churches closed for worship on the 24 March 2020. From August/September onwards a phased re-opening to prayer, church services and other activities are gradually resuming.

Each church has needed to comply with government safeguarding & other guidelines and this will/has determined if, and when, each church building is able to open for worship and other activities.

The closure of church buildings for all except essential services provided i.e. foodbank (St Georges) and Faithworks (Winton) has resulted in the loss of income from lettings, cash & envelope offertories and all other activities. The new mission projects have also been put on hold for the time being.

The implications of all this on the Bournemouth Methodists moving forward are not yet fully known. The trustees will continue to consider how best to deal with the changed environment and uncertainty.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Methodist Connexional practice outlines commitment to the following principles:

The Bournemouth Methodist Church is committed to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the Church and in the Mission Centres.

The Bournemouth Methodist Church commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

Trustee Responsibilities

The law applicable to charities in England and Wales require the Trustees of Bournemouth Methodist Church to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

In preparing these financial statements, the Trustees are required to:

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BOURNEMOLrrH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31° AUGU￿ 2020 The Trustees are responsible for keepin8 adequate accountiN8 records that disclose with reasonable accuracy at anytime the financial position of the charity and enable them to ensure that the financial statements comply with the Standing Orders (rfthe Methodist Church. the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2(M)8. They a￿ also responsible for safeguarding the assets of the charty and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: There is no relevant audit infomiation of whith the charity's auditor is unaware: and The Trustees have taken all stepsthat they oughtto have tsken to make themselves aware of any relevant audit infonnat¥)n and to establish thatthe auditor is aware of that information. The charity seek5 to compty with the fequirements of UK legislation. the Charity Commisslon and the Constitutional Prneti￿ and Discipline of the Methodist Churth in all areas of its dealings. Your attention is to be drawn to the fart that the tharity has prepared the accounts (financial statements) in accordance wÈth Accounttng and Reporting by Chartties preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS1021 in preferen￿ to the Accounting and Reporting by Charities: Ststement of Recommended Practice issued on 1st April 2005 which is referred to in the extant regulations but has since been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the GeneraltyAccepted Attounting Prattl￿ effectNe for reporting periods beginning on or after I"January 2015. The Trustee5 approved this report on 13 January 2023. The report was signed on their behalf by: A Cavanagh Rev Tony Cavanagh Superirtendent and Chair of Churth Council Meeting Page 11 of 28

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2020

Opinion

We have audited the financial statements of The Bournemouth Methodist Church (the 'charity') for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Rothmans Audit LLP

Chartered Accountants & Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Avebury House St Peter Street Winchester Hampshire SO23 8BN

Date: ............................................. 13 January 2023

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Statement of Financial Activities (SOFA) for the year ended 31 August 2020

Notes to
the
accounts		 Unrestricted
funds		 Designated
Funds		 Restricted
Funds		 Endowment
Funds
Total
2019-20
Total
2018-19
£ £ £ £ £ £
Income and Endowments:
Donations and legacies 4 139,334 158,856
-Collections and tax credit 124,314 124,314 146,913
-Donations 8,730 500 330 9,560 11,073
-Legacies 5,460 5,460 870
Charitable activities 5 66,176 110,319
-Fund raising 4,488 1,353 5,841 9,217
-Others 56,293 4,042 60,335 101,102
Investments 6 1,119 2,517 340 930 4,906 5,307
Other 7 53,312 25,882
-Internal organisations 25,638 25,638 21,676
-Charitable income 24,426 3,248 27,674 4,206
Total Income 224,830 10,307 27,661 930 263,728 300,364
Expenditure on Charitable Activities:
Salaries, NIC & Pension costs 10 21,582 15,257 36,839 20,320
Circuit Assessment 131,000 131,000 164,748
Maintenance on Church buildings and property 21,946 21,946 41,481
Telephone and Travel 3,079 3,079 2,951
Utilities (insurance, heat and light, water, etc) 62,023 62,023 66,186
Depreciation 11 4,365 4,365 4,511
Office Expenses 1,014 1,014 2,646
Internal organisations 21,217 21,217 24,147
Grants andDonations 0 2,000
Professional Fees 9 4,800 4,800 3,600
Write off 1,698 1,698 4,983
Other expenditure 7,363 12,794 673 217 21,047 15,903
Total charitable expenditure 254,505 28,051 26,255 217 309,028 353,476
Net income/(expenditure) (29,675) (17,744) 1,406 713 (45,300) (53,112)
Transfers between funds 710 (710) 0 0
Gains on investment assets 2 2 14
Net movement in funds 20 (28,965) (17,744) 1,406 5 (45,298) (53,098)
Total funds brought forward 188,764 516,907 12,618,782 108,362 13,432,815 13,485,913
Total funds carried forward 159,799 499,163 12,620,188 108,367 13,387,517 13,432,815

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BOURNEMOLITh MEfHOD15rs ACCOUNTS FOR THE YEAR ENDED 31° AUGUST 2020 Sheet a5at 21bX T¢dsX119 FlxedAssets Land &￿ildin ment 525. U525,L 31471 264 llz 31UZ 2[ Investments 11557.386 1i56l749 CuYYentAwts Stock held forclrcuit Oebtorsand Pre ymeTrts Cash a Bank and in hand Trusteesfor esde 05its CentrHI Flnènte Board De hthjnies held 291 s6.￿1 214.L57 97.n5 5,1 451557 169.4 25.716 92&242 675 1&8,717 2L645 Internal O 2&n n¥entuiitles urthrlyT) ui 21891 114blltknes 83Qtsi 13.387.517 .431 Lknresirfttedfunds Restrftted funds Endowrnentfvnds 75671 11614782 62Q 16 JXB 431￿5 The no5 fcmi partoftseffir¥Kial ThelrondaFststewlls *re appv4ed ￿ the LITnthe5 on 13j8r￿￿ry 20Z4 sIgn￿l M th21r tehalf bv.. A Cavanagh RevTony Cavana8h SLperfnterwJent al￿ LEif clchLYthCo￿[ Page 16 of28

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Cash Flow Statement

Note
Cash inflow/outflow from operating activities
20
Net cash flow from operating activities
Cash flow from investing activities:
Interest received
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at 01/09
Cash and cash equivalents at 31/08		 2020
£
10,689
10,689
4,906
15,595
846,205
861,800		 2019
£
(60,640)
(60,640)
5,307
(55,333)
901,538
846,205
Cash at bank and in hand 409,243 295,547
Short term deposits 452,557 550,658
Cash and cash equivalents at 31/08 861,800
846,205

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Note to the Accounts

Accounting framework and accounting policies

1. Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. Funds

The funds held constitute:

General funds held for any purpose of the Church which are unrestricted and can be used for a variety of purposes.

Designated funds are part of the unrestricted funds which the trustees have earmarked for a particular use or project, without restricting or committing the funds legally.

Restricted funds held for a specific purpose include funds held by Internal Organisations within the church and Endowment funds which are investment funds.

Details of each material fund and the purpose of those funds are disclosed in note 16. Any funds may be represented by more than just cash.

3. Church Buildings

The balance sheet carrying value of the churches premises as at 1 September 2015 of £12,525,008 will be ‘frozen’ and moving forward the trustees will continue to use this value as a ‘deemed’ historical cost figure under FRS102.

Accounting policies

Public benefit entity

The Bournemouth Methodist Church meets the definition of a public benefit under FRS02. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) below.

Basis

These accounts have been prepared on the basis of historical cost, except the investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Church’s financial position and activities.

Content

The financial information presented is relevant, reliable, comparable and complete. The accounts are expressed in £sterling, rounded to the nearest pound.

FRS102 SORP2015

These accounts are compliant with FRS102 and with FRS102 SORP.

Going Concern

Based on the monetary assets and human resources available at 31 August 2020, the trustees believe that the Church is a going concern and these accounts are prepared on a going concern basis.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

Income Recognition

Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability. No attempt is made to measure the value of services donated by volunteers.

Expenditure

This is recognised when a liability in incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as the outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing to Church to pay out resources. Expenditure is allocated to the activities the Charity undertakes in proportion to the level of resources used by each activity. During the current and previous years all expenditure has related to the single activity of furthering the Mission of the Methodist Church.

Donations

Donations made by the Church are recognised in full at the time of agreement or when the Church accepts that there is legal or operational obligation to make the payment. When the donation is recurrent over more than one year the balance payable in future years is treated as provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Church is not VAT registered, all input VAT is charged with the expenses to which it refers.

Tangible fixed assets for use by the Church

These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at the deemed historical cost figure. No depreciation is provided on the buildings because the trustees consider the current residual fair value to not be less that the acquisition cost. All properties are owned by the Methodist Church of Great Britain. The Church Trustees are the Managing Trustees.

Fixtures, fittings and equipment are depreciated on a straight-line basis over the estimated life of the asset of 5 to 15 years.

Investments

Investments are valued in the Balance Sheet at market value at the year-end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year-end are shown in the SOFA.

Debtors and Prepayments

Debtors are stated at the amounts owed to the Church or prepaid. The liquid funds of bank balances and deposit account balances are shown as realisable values.

Creditors

Creditors are initially recognised at settlement amount after trade discounts, where normal credit terms apply or amount advanced to the Church. Subsequently, creditors that are current liabilities are measured at the cash or other consideration expected to be paid.

Loans

Where concessionary loans (ie free of interest) are made to (or received by) the Church and are repayable after more than one year, they are initially recognised at the amount paid or received, with

Page 19 of 28

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

the carrying value adjusted in subsequent years to reflect repayments and any accrued interest, adjusted for any impairment, if necessary. There were no loans outstanding at 31[st] August 2020.

Charity Merger

The Bournemouth Methodist Church was formed on 1[st] September 2016 as a result of the merger of four charities in the Bournemouth area. The four combining charities were St George’s Methodist Church, Trinity Methodist Church, Victoria Park Methodist Church and Winton Methodist Church.

4. Donations and legacies
Unrestricted Designated
Restricted Endowment
2020
Total
2019
Total
£
£
£
£
£
£
Collections
107,571
107,571
124,280
Tax credits
16,743
16,743
22,633
Donations
8,730
500
330
9,560
11,073
Legacies/ Memorial gifts
5,460
5,460
870
Total
138,504
500
330
0
139,334
158,856
5. Charitable activities
Unrestricted Designated
Restricted Endowment
2020
Total
2019
Total
£
£
£
£
£
£
Fundraising
4,488
-
1,353
5,841
9,217
Lettings
54,336
54,336
91,797
Other
1,957
4,042
-
5,999
9,305
Total
60,781
4,042
1,353
0
66,176
110,319
6. Investment income
Unrestricted Designated
Restricted Endowment
2020
Total
2019
Total
£
£
£
£
£
£
Central Finance Board
73
172
227
472
353
CAF Current
288
288
290
 included in donations are transfers from internal organisations.		 Unrestricted Designated
Restricted Endowment
2020
Total
2019
Total
£
£
£
£
£
£
107,571
107,571
124,280
16,743
16,743
22,633
8,730
500
330
9,560
11,073
5,460
5,460
870
60,781
4,042
1,353
0
66,176
110,319
Unrestricted Designated
Restricted Endowment
2020
Total
2019
Total
£
£
£
£
£
£
73
172
227
472
353
288
288
290
TMCP Endowment Interest 930
930
920
Other TMCP
Lloyds, NatWest
Total
7. Other income		 758
2,345
113
3,216
3,739
0
5
1,119
2,517
340
930
4,906
5,307
Unrestricted
Designated Restricted
Endowment
2020
Total
2019
Total
£
£
£
£
£
£
Internal Organisations income 25,638
25,638
21,676
HMRC Furlough grants
4,645
3,248
7,893
0
Poole Bay Methodist Circuit grant for loss of
income due to covid pandemic
17,946
17,946
0
Other charitable income
1,835
1,835
3,311
Insurance claim
0
895
Total
24,426
3,248
25,638
0
53,312
25,882
24,426
3,248
25,638
0
53,312
25,882

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

8. Payment to Trustees

8. Payment to Trustees

Payments made to trustees for additional services provided to the Church by
agreement with the Church Council Meeting		 2020
Total
 2019
Total
Total amount paid to S. Toffoletti as Café Manager
£		 15,257 2,264
Number of trustees who were paid wages in the capacity of Café
Manager/general assistant
There were Trustees authorised to purchase items for the Church's use
and were reimbursed the cost of those items.
Total amount paid
£
Number of trustees who were paid business expenses
Independent examiner’s or auditors' fees for reporting on the accounts
£
Other fees (eg: advice, accountancy services) paid to the independent
examiner or auditor
£
Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind
£
10. Paid employees
9. Fees for examination or audit of the accounts		 1 1
360 6,128
6
2020
Total
4,800 3,600
0 0
36,839
36,839 20,320
Total staff costs
£		 36,839 20,320
No employee earned more than £60,000 per annum (2019: nil)
Average number of staff employed during the year were:
Average Full Time Equivalent (FTE) number of staff employed during the
year were:		 5
1.2
5 5
1.6 1.2

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

11. Tangible Fixed Assets

11. Tangible Fixed Assets
Church (non
investment)
land and
buildings
£		 Fixtures, fittings
and equipment
£
Total
£
Balance brought forward 12,525,008 79,749 12,604,757
Additions 0
Disposals (7,082) (7,082)
Transfers*(+/-) 0
Balance carried forward 12,525,008 72,667 12,597,675
Accumulated depreciation
Balance brought forward 43,272 43,272
Depreciation charge for year 4,365 4,365
Disposals (7,082) (7,082)
Transfers*(+/-) 0
Balance carried forward 0 40,555 40,555
Net book value
Brought forward 12,525,008 36,477 12,561,485
Carried forward 12,525,008 32,112 12,557,120

The church properties at 31st August 2020 are valued at the balance sheet carrying value as at 1 September 2015 of £12,525,008 (deemed historical costs under FRS102).

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

12. Investments

The funds that support the various funds are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments.

TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference.

Analysis of investment movements

Analysis of investment movements Analysis of investment movements Analysis of investment movements
Change in investment values
2020
Total
2019
Total
£
£
Carrying (market) value at beginning of year 264 250
Add:additions to investments at cost
Less:disposals at carrying value
Net gains on revaluation 2 14
Carrying (market) value at end of year 266 264

Page 23 of 28

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

,
13.
14.		 Stock
Debtors and prepayments
Other debtors - Gift Aid reclaims
Total debtors and prepayments
Analysis of cash at bank
Bank balance held in Natwest Current Account
Bank balance held in Natwest Current Account (BMC Mission)
Bank balance held in CAF Current Account
Bank balance held in CAF Gold
Cash held
Bank balance held in CFB General
Bank balance held in CFB Minibus
Bank balance held in CFB Young People
Bank balance held in CFB VPSS (Int Org)
Bank balance held in CFB VPSS 2 (Int Org)
Bank balance held in CFB Westbourne (Int Org)
Bank balance held in CFB Stay a While (Int Org)
Bank balance held in TMCP Fund 21735 Alice Cox
Bank balance held in TMCP Fund 12411 (Sunday School
Endowment - Int Org)
Bank balance held in TMCP Fund 14945 (Westbourne - Int Org)
Bank balance held in TMCP Fund 18157 Gladys Jones Bequest
Bank balance held in TMCP Fund 19269 (Endowment)
Bank balance held in TMCP Fund 10393 (Legacies)
Bank balance held in TMCP Fund 21174 Eric Burroughs Bequest
TMCP 22140 Jean Turner Bequests
Analysis of current assets
Prepayments
Accrued income		 2020
Total
£		 2020
Total
£		 2019
Total
£
291 291
7,802


8,642
19,990 7,237
28,359 31,582
56,151 47,461
72,101


















22,370
76,154 0
9,467 1,563
169,939 195,651
203 202
10,651 9,868
24,337 23,817
18,092 17,963
225 223
341 339
581 490
1,436 1,426
189,742 288,427
106 103
13,151 13,151
11 11
107,995 107,995
52,850 52,850
87,681 87,106
1,021 1,015
Other Accounts held byInternal orgs - not in Church control 25,716 21,635
Total Cash and Bank 861,800 846,205
Creditors
Creditors (Assessment)
Other Creditors (External Organisations)
Total Current Liabilities
Analysis of current liabilities and long term creditors
28,496 19,722
54,575 0
5,040 3,169
88,111 22,891

15. Capital commitments and contingent liabilities

At the 31 st August 2020 the Churches have no capital commitments.

No Contingent liabilities were identified at 31st August 2020 (2018/19 £0).

Page 24 of 28

16. Detailed analysis of individual fund movements

Unrestricted Funds

----- Start of picture text -----
Fund Name Opening Income Expenditure Transfers Revaluation Closing Balance Purpose of Fund
Balance gains/losses
General Fund 188,764 224,830 (254,505) 710 159,799 [The general purpose of the church]
Ministry set up to run café for local community with
Wells pring Café, St Georges 23,022 4,041 (1,442) 25,621 view to assist vunerable members.
Designated Alice Cox Legacy 289,631 1,892 (577) (100,000) 190,946 [For various mission projects]
Designated BMC Mission Centre 0 3,748 (25,926) 100,000 77,822 [Wellcome Intergenational Café]
Designated Residual Ta pe, St Georges 296 296 Tapes for ministry
Designated Residual Mission, St Georges 1,072 1,072 For the use of specific mission work
Legacy left to the church to support the work of
Designated Legacies , Trinity 52,850 454 (106) (348) 52,850 various projects
Designated Building Repair, Trinity 58,247 58,247 For building repairs
Designated Mini Bus , Trinity 12,638 172 348 13,158 For maintenance of mini bus
Designated Legacies , Victoria Park 69,650 69,650 Monies left to continue purposes of ministry
Designated Memorial Gifts , Victoria Park 9,418 9,418 Monies left to continue purposes of ministry
Designated Projector, Victoria Park 83 83 For maintenance of church projector
Total amount of designated funds 499,163
Totals
705,671 235,137 (282,556) 710 0 658,962
Restricted Funds
Fund Name Opening Income Expenditure Transfers Revaluation Closing Balance Purpose of Fund
Balance as gains/losses
Support of individuals in specific need to be used
at the discretion of the Superintendent Minister
Benevolence (494) (350) (844)
Messy Church, St Georges 242 242 [Support of Junior church ]
Young Peoples Fund, St Georges 17,963 128 18,091 [Support of Youth work]
Young Peoples Fund, Victoria Park 342 342 [Support of Youth work]
Homeless Project, St Georges 106 106 [Support of local project assisting the homeless]
Mullins Trust, Trinity 254 254 [Support teaching on ministry]
Moss 'Bible Fresh', Trinity 199 199 [Support teaching on ministry]
Encounter, Trinity 100 100 [Support teaching on ministry]
Restricted donations - Alpha , Trinity 39 39 [Support teaching of Alpha course & ministry]
Restricted donations - Toddlers , Trinity 685 685 [Provision of materials for running toddler group]
Toddlers , Winton 76 76 [Provision of materials for running toddler group]
Holida y project 262 330 (207) 385 [Support of Youth work]
BMC Foodbank 173 173 [Support ministry work in the community]
Boat Project, Trinity 0 1,353 1,353 [Support of Youth work]
Individual organisations under control of church
Internal Organisations 37,350 25,850 (21,333) 41,867 council
Church Buildings Fund 12,561,485 (4,365) 12,557,120 [Church land & buildings and equipment]
Totals 12,618,782 27,661 (26,255) 0 0 12,620,188
Endowment Funds
Restricted Fund Name Opening Income Expenditure Transfers Revaluation Closing Balance What the income is used for
Balance gains/losses
TMCP Fund 19269, Trinity 107,995 927 (217) (710) 107,995 [Support of Youth work]
Victoria Park Sunday School TCMP 12411 367 3 0 2 372 [Support of Junior church ]
Totals 108,362 930 Page (217) 25 of (710)28 2 108,367 25
----- End of picture text -----

Note 16 Continued

SUMMARY Opening
Balance		 Income Expenditure Transfers Revaluation
gains/losses		 Closing Balance
General Fund 188,764 224,830 (254,505) 710 0 159,799
Designated Funds 516,907 10,307 (28,051) 0 0 499,163
Sub- total General/Designated 705,671 235,137 (282,556) 710 0 658,962
Restricted Funds 12,618,782 27,661 (26,255) 0 0 12,620,188
Endowment Funds 108,362 930 (217) (710) 2 108,367
TOTAL 13,432,815 263,728 (309,028) 0 2 13,387,517

Internal Organisations (see note 16) St George's

Internal Organisations (see note 16)
St George's
Internal Organisations Opening
balance		 prior
period
receipts		 prior
period
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Flowers 1,084 646 (584) (1,146) 0
Mothers & Toddlers 204 217 (203) 218
18/80 438 308 (263) (100) 383
Total 1,726 0 0 1,171 (1,050) (1,246) 601
Trinity
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Smile 214 660 (248) 626
2nd Bournemouth Boys Brigade 8,671 9,274 (4,726) 13,219
Total 8,885 0 0 9,934 (4,974) 0 13,845
Victoria Park
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Parents and Toddlers 219 806 (479) (300) 246
Wednesday Group 290 2,106 (1,296) (800) 300
Drama Group 5,034 300 3,245 (1,920) (1,500) 5,159
Badmington Group 482 278 (50) (450) 260
Stay a While* 2,488 6,220 (1,022) (4,050) 3,636
Flower Fund 775 173 (114) 834
Carpet bowls 0 67 (2) (65) 0
SundayExplorers** 562 4 566
GirlsBrigade 375 375
Westbourne Fellowship*** 14,756 405 (1,343) 13,818
Total 24,981 300 0 13,304 (6,226) (7,165) 25,194
Winton
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
TuesdayFellowship 737 228 (117) 848
Open House 75 82 (85) 72
Flower Fund 824 500 (470) 854
Total 1,636 0 0 810 (672) 0 1,774
BMC Sleepsafe 122 331 0 453
Total £
41,867
Cash held in designated bank accounts (included in above totals):
Bank balance held in CFB Stay a While (Int Org)
 Bank balance held in CFB VPSS (Int Org)
 Bank balance held in CFB VPSS 2 (Int Org)
 Bank balance held in CFB Westbourne (Int Org)
 Bank balance held in TMCP Fund 14945 (Westbourne - Int Org)
Total*		 1,435.84
224.61
340.96
580.55
13,151.09




15,733.05
Residual balance St George's
Total (less cash deposits ex. Sleepsafe)		 35
£
25,716

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

17. Related party transactions

There were no related party transactions during the period (2018-19 £0) except for the transactions with Trustees disclosed in Note 8 of these accounts.

18. For information only - Money received and passed on to External Organisations

----- Start of picture text -----
Name of Church 2019-20 2018-9
St George's
Balance brought forward from last year (318) 1,543
Offerings/Gifts - received for External Organisations 617 823
Offerings/Gifts - passed to External Organisations (46) (2,684)
Balance carried forward 253 (318)
Trinity
Balance brought forward from last year 444 1,928
Offerings/Gifts - received for External Organisations 283 303
-
Offerings/Gifts - passed to External Organisations (1,787)
Balance carried forward 727 444
Victoria Park
Balance brought forward from last year 1,868 156
Offerings/Gifts - received for External Organisations 658 1,829
-
Offerings/Gifts - passed to External Organisations (117)
Balance carried forward 2,526 1,868
Winton
Balance brought forward from last year 1,175 3,491
Offerings/Gifts - received for External Organisations 359 757
Offerings/Gifts - passed to External Organisations - (3,073)
Balance carried forward 1,534 1,175
----- End of picture text -----

Page 27 of 28

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020

19. Volunteers

Every entity (Connexion, District, Circuit, Church) within the Methodist Church in Great Britain is heavily reliant on volunteers who contribute their skills, time and money in the furtherance of the work of the Church. We are grateful to all of them for their help and commitment. No attempt has been made by the Church to value the non-monetary contributions to the Church in monetary terms.

20. Reconcilation of net income & expenditure to net cash flow from operating activities

Net Movement in funds per SOFA
Interest receivable
Depreciation of tangible fixed assets
Gains on investments
(Increase)in debtors
Increase/(Decrease) in creditors
Net cash flow from operating activities		 2020
£
(45,298)
(4,906)
4,365
(2)
(8,690)
65,220
10,689		 2019
£
(53,098)
(5,307)
4,511
(14)
(5,949)
(783)
(60,640)

These accounts are compliant with FRS102 and with FRS102 SORP 2019

Page 28 of 28