ACCRUAL ACCOUNTS 2019-2020 ## For the year ended 31 August 2020 **----- Start of picture text -----**
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) Page **1** of **28** 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. Page **2** of **28** 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: - a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; - b) any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church; - c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; - d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. 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 Page **3** of **28** 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. Page **4** of **28** 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. Page **5** of **28** 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 Page **6** of **28** ## 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. Page **7** of **28** 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. Page **8** of **28** 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. Page **9** of **28** BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2020 Methodist Connexional practice outlines commitment to the following principles: - The care and nurture of, and respectful pastoral ministry with, all children, young people and adults - The safeguarding and protection of all children, young people and adults when they are vulnerable - The establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse - We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes - We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation. - We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care - We will seek to challenge any abuse of power, especially by anyone in a position of trust - We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our Church community known to have offended against a child, young person or vulnerable adult - In all these principles we will follow legislation, guidance and recognised good practice 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: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP (FRS102); - Make judgements and estimates that are reasonable and prudent; - State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. Page **10** of **28** 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: - give a true and fair view of the state of the charity's affairs as at 31 August 2020 and of its incoming resources and application of resources for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **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: - the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or - the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. ## **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. Page **12** of **28** 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: - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements ; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **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. Page **13** of **28** 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 Page **14** of **28** ## 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**| Page **15** of **28** 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¥entu*iitles urthrlyT) ui 21891 114blltknes 83Qtsi 13.387.517 .431 Lknresirfttedfunds Restrftted funds Endowrnentfvnds 75671 11614782 62Q 16 JXB 431￿5 The no*5 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| Page **17** of **28** 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. Page **18** of **28** 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**| Page **20** of **28** 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|| Page **21** of **28** 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). Page **22** of **28** 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**|||| Page **26** of **28** 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**