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2021-08-31-accounts

UNAUDITED ACCRUAL ACCOUNTS 2020-21

For the year ended 31 August 2021

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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 2021

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.

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

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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 continuation of the Covid pandemic enforced closures of the churches during various times in the year and worship material was subsequently provided through a downloaded audio service or a printed version. In 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

There was a refocus on the Circuit’s intergenerational aims, with a new initiative Gather, Grow, Go getting underway to reach out to the churches local community and encourage a wider membership worshipping together.

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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

Victoria Park’s intergenerational café known as ‘The Welcome Inn’ opening scheduled for March 2020 was further delayed due to the Covid pandemic. After a long wait and a lot of hard work we are pleased to report the café opened on the 18 May 2022. This project has largely been funded by a legacy left to the church that was designated for missional purposes.

The mission centre at Southbourne (Trinity) planning for the initiative for a Soft Play Area and Café (known as ‘The BOAT’) short for “Best Of All Things (or Times) at Trinity" stopped in March 2020 due to the Covid pandemic and has not resumed.

The start of the Stay-Safe (Trinity) initiative to aid local rough sleepers by providing agency engagement, voluntary work and other activities has been greatly aided by the Trinity church congregation.

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). Sleep Safe, an initiative by BCARS (Bournemouth Christians Alongside Rough Sleepers) and Faithworks 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.

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 £106,012 was lower than the previous year of £139,334 and approximately 50% lower than pre-covid income levels of £158,856 (YE18-19) mainly due to the closure of churches for covid pandemic restrictions disrupting the worship patterns of the churches congregations .

The rental income of £53,234 relates to the hire of the church halls, etc to various groups in the community compared with the previous year’s income of £54,336. This was still lower then pre covid lettings income of £91,797 (YE18/19) due to closure of the church buildings during November 2020 and between January to March 2021 along with some social distancing restrictions continuing until July 2021.

The Circuit supported the Bournemouth churches with the amount of £15,206 (2019-20 £17,946) to cover loss of income due to the covid pandemic. HMRC Furlough grants for lay employee wages of £9,803 (£7,893 YE19-20) were claimed for the period.

Expenditure Trends

Total expenditure of £120,308 was lower than the previous year’s expenditure of £156,811 (these figures exclude assessments and internal organisations expenditure).

The major cost during 2020-21 was the assessment payment to the Poole Bay Methodist Circuit. This amounted to £102,017 compared to the 2019/20 figure of £131,000. The total amount paid to the Circuit during the year was £104,784 which included a payment of £2,767 in lieu of the 21/22 assessment.

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

Other expenditure includes £54,675 covering utilities (insurance, heat & light, water) and £19,737 covering total costs for maintaining the church buildings.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

Fund balances

The total funds held at 31 August 2021 are £13,352,773. A detailed analysis of the funds is set out in Note 16.

FUNDS Unrestricted General £125,601 Designated Funds General £497,915 Restricted Funds General £ 66,988 Endowment Funds £108,373 Restricted – Fixed Assets £12,553,896 TOTAL £13,352,773

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 (£125,601 as 31[st] August 2021) 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. £117,001, 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.

REFERENCE AND ADMINISTRATIVE DETAILS

Basis of preparation and legal framework

The Charity’s Annual Report and Accounts for the year ended 31st August 2021 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

Accountant Rothmans LLP Investment Bankers Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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 Deacon Suzie Viana 09.11.2016 Bournemouth Senior Steward Tony Fernand 09.11.2016 St George’s Denis Dean 09.11.2016 09.05.2022 Ian Underwood 09.11.2016 Dr Julian Tawn 09.09.2019 Trinity Lesley Fernand 09.11.2016 Val Roantree 29.11.2017 Janet Drayton 09.11.2016 Ray Drayton 19.11.2019 Margaret Bray 29.11.2017 Bridget Bolt 09.09.2019 Elizabeth Graham 08.05.2022 Victoria Park Carol Joy 09.11.2016 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 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 2020 until the date the accounts were signed.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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.

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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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 2021

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:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Standing Orders of the Methodist Church, the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31° AUGU￿ 2021 The charity seeks to comply with the requirements of UK legislat￿n. the Charrty Commisston and the Constitutional Practice and Di5opline of the Methodist Church in all areas of its dealin85. Your attention is to be drawn to the fact that the chaiity has prepared the attounts lfinancial statements) In atcordance with Accounting and Reporting by Charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice i55ued on 1st April 2CM)5 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 Generally Accepted Accounting Practice effective for reporting period5 beginning on or after I" January 2015. The Trustees approved thi5 report 13 January 2023. The report was signed on their behalf by: A Cavanagh Rev Tony Cavanagh Superlntendent and Chair of Church Council Meeting Page 10 of26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

Independent Examiner’s Report to the Trustees of the Bournemouth Methodist Church

I report to the trustees on my examination of the accounts of the Bournemouth Methodist Church (‘the Charity’) for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S A Sullivan

Susan Sullivan FCA Rothmans LLP Chartered Accountants 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 2021

Statement of Financial Activities (SOFA) for the year ended 31 August 2021

Notes to
the
accounts		 Unrestricted
funds		 Designated
Funds		 Restricted
Funds		 Endowment
Funds		 Total
2020-21
Total
2019-20
£ £ £ £ £ £
Income and Endowments:
Donations and legacies 4 106,012 139,334
- Collections and tax credit 97,385 97,385 124,314
- Donations 2,113 350 2,463 9,560
- Legacies 5,164 1,000 6,164 5,460
Charitable activities 5 54,820 66,176
- Fund raising 100 100 5,841
- Others 53,820 900 54,720 60,335
Investments 6 362 817 71 364 1,614 4,906
Other 7 36,806 53,312
- Internal organisations 11,049 11,049 25,638
- Charitable income 24,444 1,313 25,757 27,674
Total Income 183,388 2,480 13,020 364 199,252 263,728
Expenditure on Charitable Activities:
Salaries,NIC & Pension costs 10 24,441 1,901 26,342 36,839
Circuit Assessment 104,784 104,784 131,000
Maintenance on Church buildings andproperty 19,737 19,737 21,946
Telephone and Travel 4,286 4,286 3,079
Utilities(insurance,heat and light,water,etc) 54,675 54,675 62,023
Depreciation 11 3,224 3,224 4,365
Office Expenses 681 681 1,014
Internal organisations 8,909 8,909 21,217
Professional Fees 9 4,800 4,800 4,800
Write off 1,950 1,950 1,698
Other expenditure 2,379 1,827 191 216 4,613 21,047
Total charitable expenditure 217,733 3,728 12,324 216 234,001 309,028
Net income/(expenditure) (34,345) (1,248) 696 148 (34,749) (45,300)
Transfers between funds 147 (147) 0 0
Gains on investment assets 5 5 2
Net movement in funds 20 (34,198) (1,248) 696 6 (34,744) (45,298)
Total funds brought forward 159,799 499,163 12,620,188 108,367 13,387,517 13,432,815
Total funds carried forward 125,601 497,915 12,620,884 108,373 13,352,773 13,387,517

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BOURNEMOitrH METHODISTS AccouKfs FOR ThE YEAR ENDED 31" AUGUST 2021 Balance Sheèt as at 31 August 2021 UMestyi¢ted Yotsls2021 Total$2020 lUrrn￿￿edj Flxed Assets land & Buildings Equipment Investments li Q525, 11525.tM)8 28,888 271 12,525.r 32.112 266 li 271 Total 553, 271 11554,167 11557,386 CurrentAssets Stock held forcirtuit 291 291 Debtors and Prepayments Cash at Bank and in hand Trustees for Methodist Churth Purpose5 deposits Central Finance Board Deposits Monies held by Intemal OTES. S6,￿1 214,057 37.2 154.119 242.859 14&9)1 13,153 20,719 27.768 I￿ll12 451949 169,620 27,768 815,rM2 452.557 169.470 25,716 9￿242 6,621 497.915 K102 Currrerrt Llabllltles Credltots and A¢crua15 {thè in under I S416 14436 88,111 Net￿TTent¥55ets Illabllltles) 497,915 .102 830.131 Totolussetsless cuttentllobilitie5 620.884 11&373 13,352,773 13,387,517 Netossets M4 13.387.517 Funds ofthe Chun Unrestricted funds Re5tritted funds 497,915 623,516 620.884 1(,373 6W962 14620.188 l(A,367 J3J87.517 Endowment funds l(E373 Totsl Funds The notès fonn part of these financÈal statements. Tho financial ststements We￿ by the Board of Trustees (N) 13 January 2023 Y￿re signed on their behalf by: A Cavanagh rv Tony Cavanagh Superintendent and Chairof CPwrth CourKil Meetir Page 13 of Z6

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

Cash Flow Statement
Note
Cash outflow/inflow from operating activities
20
Net cash flow from operating activities
Cash flow from investing activities:
Interest received
Net decrease/increase in cash and cash equivalents
Cash and cash equivalents at 01/09
Cash and cash equivalents at 31/08		 2021
£
(58,960)
(58,960)
1,616
(57,344)
861,800
804,456		 2020
£
10,689
10,689
4,906
15,595
846,205
861,800
Cash at bank and in hand 351,507 409,243
Short term deposits 452,949 452,557
Cash and cash equivalents at 31/08 804,456
861,800

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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 2021, the trustees believe that the Church is a going concern and these accounts are prepared on a going concern basis.

Income Recognition

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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 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 2021.

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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

4. Donations and legacies **Unrestricted ** Designated **Restricted ** Endowment 2021
Total		 2020
Total
£ £ £ £ £ £
Collections 81,874 81,874 107,571
Tax credits 15,511 15,511 16,743
Donations * 2,113 350 2,463 9,560
Legacies/ Memorial gifts 5,164 1,000 6,164 5,460
Total 104,662 350 1,000 0 106,012 139,334
* included in donations are transfers from internal organisations of £1,812.50 (YE20 £8,621).
5. Charitable activities Unrestricted Designated **Restricted ** Endowment 2021
Total		 2020
Total
£ £ £ £ £ £
Fundraising 100 100 5,841
Lettings 53,234 53,234 54,336
Other 586 900 1,486 5,999
Total 53,920 0 900 0 54,820 66,176
6. Investment income **Unrestricted ** Designated **Restricted ** Endowment 2021
Total		 2020
Total
£ £ £ £ £ £
Central Finance Board 48 26 74 472
CAF Current 16 16 288
TMCP Endowment Interest 364 364 930
Other TMCP 298 817 45 1,160 3,216
Total 362 817 71 364 1,614 4,906
Unrestricted **Designated ** Restricted Endowment 2021 2020
7. Other income Total Total
£ £ £ £ £ £
Internal Organisations income 11,049 11,049 25,638
HMRC Furlough grants 8,490 1,313 9,803 7,893
Poole Bay Methodist Circuit grant for loss of
income due to covid pandemic 15,206 15,206 17,946
Other charitable income 30 30 1,835
Insurance claim 718 718 0
Total 24,444 1,313 11,049 0 36,806 53,312

Page 17 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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		 2021
Total		 2020
Total
Total amount paid to S. Toffoletti as Café Manager
£
Number of trustees who were paid wages in the capacity of Café
Manager/general assistant		 1,901 15,257
1 1
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		 360
6
2020
Total
4,800
0
36,839
1,347 360
4
2021
Total
4,800
0
26,342
26,342 36,839
Total staff costs
£		 26,342 36,839
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
1.6
4 5
1.2 1.6

Page 18 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

2021 2020 Total Total

8. Payment to Trustees

Payments made to trustees for additional services provided to the Church by
agreement with the Church Council Meeting
Total amount paid to S. Toffoletti as Café Manager
£
Number of trustees who were paid wages in the capacity of Café
Manager/general assistant		 1,901 15,257
1 1
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		 360
6
2020
Total
4,800
0
36,839
1,347 360
3 6
2021
Total
4,800 4,800
0 0
26,342
26,342 36,839
Total staff costs
£		 26,342 36,839
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
1.6
4 5
1.2 1.6

Page 19 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

11. Tangible Fixed Assets

Church (non
investment)
land and
buildings
£		 Fixtures, fittings
and equipment
£
Total
£
Balance brought forward 12,525,008 72,667 12,597,675
Additions 0
Disposals 0
Transfers *(+/-) 0
Balance carried forward 12,525,008 72,667 12,597,675
Accumulated depreciation
Balance brought forward 40,555 40,555
Depreciation charge foryear 3,224 3,224
Disposals 0
Transfers*(+/-) 0
Balance carried forward 0 43,779 43,779
Net book value
Brought forward 12,525,008 32,112 12,557,120
Carried forward 12,525,008 28,888 12,553,896

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 20 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2021 12. Investments The funds that support the various f unds are held by TMCP in Trustees Interest Funds on which i nterest is credited to the accounts each month. These are regarded as medium and long temi i nvestments. is the legal owner and Custodian Trustee of all Methodist M)del Trust property, including Legacies, Endowments and Accu mLJlated Fu nds. Tnjst 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 dirertion, the Managing Tnjstees comply with charity law and ￿thOd15t law and polity as detemiined by the Methodist Conference. Analysis of investment movements 2021 Total 3J20 Ch￿Se in investment values Total Car market value at be innin ear 2E6 Add- additions to investments at C05t Less- disposals at carrying value Net ains on revaluation Car market value atend of ear 271 Page 21 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

,
14.
13.		 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		 2021
Total
£
291		 2021
Total
£
291		 2020
Total
£
291
7,040


7,802
1,766 19,990
1,489 28,359
10,295 56,151
55,589
78,990
6,050
126,940
203
10,813
24,435
18,117
225
341
598
1,438
190,001
107
13,153
11
107,995
52,858
87,801
1,023
72,101
76,154
9,467
169,939
203
10,651
24,337
18,092
225
341
581
1,436
189,742
106
13,151
11
107,995
52,850
87,681
1,021
Other Accounts held byInternal orgs - not in Church control 27,768 25,716
Total Cash and Bank 804,456 861,800
Creditors
Creditors (Assessment)
Other Creditors (External Organisations)
Total Current Liabilities
Analysis of current liabilities and long term creditors
11,020 28,496
0 54,575
5,416 5,040
16,436 88,111

15. Capital commitments and contingent liabilities

At the 31 st August 2021 the Churches have no capital commitments.

No Contingent liabilities were identified at 31st August 2021 (2019/20 £0).

Page 22 of 26

16. Detailed analysis of individual fund movements Unrestricted Funds

Unrestricted Funds
Fund Name Opening
Balance		 Income Expenditure Transfers Revaluation
gains/losses		 Closing Balance Purpose of Fund
General Fund 159,799 183,388 (217,733) 147 125,601 The general purpose of the church
Wellspring Café, St Georges 25,621 25,621 Ministry set up to run café for local community with
view to assist vunerable members.
Designated Alice Cox Legacy 190,946 639 (379) 191,206 For various mission projects
Designated BMC Mission Centre 77,822 1,663 (3,243) 76,242 Wellcome Intergenational Café
Designated Residual Tape, St Georges 296 296 Tapes for ministry
Designated Residual Mission,St Georges 1,072 1,072 For the use of specific mission work
Designated Legacies,Trinity 52,850 178 (106) 52,922 Legacy left to the church to support the work of
variousprojects
Designated Building Repair, Trinity 58,247 58,247 For building repairs
Designated Mini Bus, Trinity 13,158 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 497,915
Totals
Restricted Funds		 623,516
658,962 185,868 (221,461) 147 0 623,516
Fund Name Opening
Balance as
 Income Expenditure Transfers Revaluation
gains/losses		 Closing Balance Purpose of Fund
Benevolence d
(844)		 300 (544) Support of individuals in specific need to be used
at the discretion of the Superintendent Minister
Messy Church, St Georges 242 242 Support of Junior church
Young Peoples Fund, St Georges 18,091 25 18,116 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 (79) (3) Provision of materials for running toddler group
Holiday project 385 385 Support of Youth work
BMC Foodbank 173 173 Support ministry work in the community
Mission work @ Trinity 1,353 600 1,953 Support of Youth work
Mission work @ Winton 0 1,000 1,000 Support of Youth work
Internal Organisations 41,867 11,095 (9,021) 43,941 Individual orgs. under control of church council
Church Buildings Fund 12,557,120 (3,224) 12,553,896 Church land & buildings and equipment
Totals 12,620,188 13,020 (12,324) 0 0 12,620,884
Endowment Funds
Restricted Fund Name Opening
Balance		 Income Expenditure Transfers Revaluation
gains/losses		 Closing Balance What the income is used for
TMCP Fund 19269, Trinity 107,995 363 (216) (147) 107,995 Support of Youth work
Victoria Park Sunday School TCMP 12411 372 1 0 5 378 Support of Junior church
Totals 108,367 364 Pag
(216)		 e23of
(147)		 26
5		 108,373 23

Note 16 Continued

Opening Income Expenditure Transfers Revaluation Closing Balance
SUMMARY Balance gains/losses
General Fund 159,799 183,388 (217,733) 147 0 125,601
Designated Funds 499,163 2,480 (3,728) 0 0 497,915
Sub- total General/Designated 658,962 185,868 (221,461) 147 0 623,516
Restricted Funds 12,620,188 13,020 (12,324) 0 0 12,620,884
Endowment Funds 108,367 364 (216) (147) 5 108,373
TOTAL 13,387,517 199,252 (234,001) 0 5 13,352,773
SUMMARY Opening
Balance		 Opening
Balance		 Opening
Balance		 Income Income Expenditure Expenditure Transfers Transfers Revaluation
gains/losses		 Revaluation
gains/losses		 Closing Balance Closing Balance Closing Balance
General Fund 159,799 183,388 (217,733) 147 0 125,601
Designated Funds 499,163 2,480 (3,728) 0 0 497,915
Sub- total General/Designated 658,962 185,868 (221,461) 147 0 623,516
Restricted Funds 12,620,188 13,020 (12,324) 0 0 12,620,884
Endowment Funds 108,367 364 (216) (147) 5 108,373
TOTAL 13,387,517 199,252 (234,001) 0 5 13,352,773
Internal Organisations (see note 16)
St George's
Internal Organisations
Opening
balance
prior
period
receipts
prior
period
payment
Receipts
Payments
Internal
Transfers
Mothers & Toddlers
218
18/80
383
Total
601
0
0
0
0
0
Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
626
2nd Bournemouth Boys Brigade
13,219
1,610
(1,000)
Total
13,845
0
0
1,610
(1,000)
0
Victoria Park
Closing
balances
218
383
601
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Smile 626 626
2nd Bournemouth Boys Brigade 13,219 1,610 (1,000) 13,829
Total 13,845 0 0 1,610 (1,000) 0 14,455
Victoria Park
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Parents and Toddlers 246 439 (213) (438) 34
WednesdayGroup 300 300
Drama Group 5,159 20 (1,000) 4,179
Badmington Group 260 1 261
Staya While * 3,636 8,877 (5,553) (675) 6,285
Flower Fund 834 (30) 804
Carpet bowls 0 103 103
SundayExplorers ** 566 566
Girls Brigade 375 375
Westbourne Fellowship*** 13,818 45 (112) 13,751
Total 25,194 0 0 9,485 (5,908) (2,113) 26,658
Winton
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
TuesdayFellowship 848 848
Open House 72 72
Flower Fund 854 854
Total 1,774 0 0 0 0 0 1,774
BMC Sleepsafe 453 0 453
Total £
43,941
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*		 1,437.81
224.91
341.41
597.53
13,152.88




15,754.54
Residual balance St George's
Total (less cash deposits ex. Sleepsafe)		 35
£
27,768

Page 24 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

17. Related party transactions

There were no related party transactions during the period (2019-20 £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

Name of Church
St George's
Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
Trinity
Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
Victoria Park
Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
Winton
Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward		 2020-21 2020-21 2019-20
253 (318)
- 617
- (46)
253 253
727 444
- 283
- -
727 727
2,526 1,868
848 658
(725) -
2,649 2,526
1,534 1,175
253 359
- -
1,787 1,534

Page 25 of 26

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2021

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
Decrease/(Increase)in debtors
(Decrease)/Increase in creditors
Net cash flow from operating activities		 2021
£		 2020
£
(34,744)
(1,616)
3,224
(5)
45,856
(71,675)		 (51,650)
(4,906)
4,365
(2)
(2,338)
65,220
(58,960) 10,689

These accounts are compliant with FRS102 and with FRS102 SORP 2019.

Page 26 of 26