OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

ACCRUAL ACCOUNTS 2021-22

For the year ended 31 August 2022

----- Start of picture text -----
St George’s Victoria Park
Winton Trinity
----- End of picture text -----

Bournemouth Methodist Church is part of the Poole Bay Methodist Circuit and Southampton District (26/09)

Page 1 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

TRUSTEE’S ANNUAL REPORT

I ntroduction

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:

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:

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.

Page 2 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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 addition, Zoom services were arranged. These services were advertised on the Poole Bay Circuit Website. Both the audio service, the printed version and the Zoom services have continued during the year 2021-22.

Following the closure of all church activities from March 2020 activities resumed from August 2021 at three of our centres – Trinity, Victoria Park, and Winton. Our St. George’s centre remained closed as a lease has been agreed with the Bournemouth Food Bank to use the majority of the building with access retained to the small chapel and the Vestry for BMC use.

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 started to meet face to face during this year although some meetings took place as Zoom meetings.

At the Victoria Park Mission Centre the proposal for an Intergenerational Café was implemented from March 2020 but closed within a matter of weeks because of the Covid lockdown. However, in July 2021 a working party was established to plan for a reopening and following the appointment of a Café Manager the Welcome Inn Café was opened in May 2022, operating for four days per week (Tuesday, Wednesday, Thursday, and Friday). The Café is proving to be popular and provides a safe and warm environment with a mission base for the local population. The café tables remain in place for the acts of worship that take place on Sunday.

Trinity Mission Centre members support a Stay Safe Project operated by a partner charity and there is a weekly social gathering of church members and members of the Stay Safe Project.

Page 3 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

Winton Mission Centre members volunteer to support a partner charity which operates a support group for rehabilitation of people with addiction problems.

The St. George’s Mission Centre has not reopened for Sunday worship although a mid-week worship service has been started in the small chapel. The main building has been leased to Bournemouth Foodbank with support from volunteers from across Bournemouth Methodists.

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 £130,215 was higher than the previous year of £106,012 but still short of pre-covid income levels of £158,856 (YE18-19). Overall collections have fallen slightly and the amount of legacies received were higher than last year (see note 4, page 19).

The rental income of £93,619 relates to the hire of the church halls, etc to various groups in the community compared with the previous year’s income of £53,234. This has now returned to pre covid lettings income of £91,797 (YE18/19).

Welcome Inn Intergenerational Café, V.P. opened in May 2022 with café takings of £9,468 during the period (see note 21, page 27).

Expenditure Trends

Total expenditure of £161,887 was higher than the previous year’s expenditure of £120,308 (these figures exclude assessments and internal organisations expenditure).

The major cost during 2021-22 was the assessment payment to the Poole Bay Methodist Circuit. This amounted to £102,017 (£99,250 plus £2,767) compared to the 2020-21 figure of £102,017 (£104,784 less £2,767). The total amount paid to the Circuit last 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 £56,317 covering utilities (insurance, heat & light, water) and £24,391 covering total costs for maintaining the church buildings.

Fund balances

The total funds held at 31 August 2022 are £13,345,514. 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
 £117,365
£496,794
£ 72,157
£108,326
£12,550,872
£13,345,514

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

Page 4 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

Reserves Policy

The Reserves Policy relates to those unrestricted funds (£117,365 as 31[st] August 2022) that we need to ensure funds 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. £132,586, 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 2022 have been prepared under the Charities Act 2011 in accordance with the 2019 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 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 2022

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

Page 5 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

Elected Resigned
Bournemouth 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
Janet Drayton 09.11.2016
Ray Drayton 19.11.2019
Val Roantree 29.11.2017
Margaret Bray 29.11.2017
Bridget O’Connor (Bolt) 09.09.2019
Elizabeth Graham 08.05.2022
Malcolm Walton 23.04.2023
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
Ed Lyness 04.11.2021 01.05.2022
June Adams 08.05.2022
Winton
Becca Thompson 09.11.2016 01.03.2023
Sue Saunders 09.11.2016
Pam Brown 09.11.2016 01.03.2023
Pat Goodhall 09.11.2016
Marion King 05.09.2018
Margaret Harrison 19.11.2019 09.05.2022
Jean James 08.05.2022
Anita Curtis 08.05.2022 10.02.2023
Paul Thompson 08.05.2022

Note: Trustee list includes resignations and appointments from 1[st] September 2021 until the date the accounts were signed.

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.

Page 6 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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

As with the COVID pandemic, all sectors and governments worldwide would face challenges associated with the economic conditions resulting from efforts to address another pandemic. Government safeguarding and other guidelines would be followed by the church. Assistance in the form of grants for loss of income may be available to the churches within 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.

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.

Page 7 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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

The future role of each of the 4 Churches is being considered by the membership of all the Churches with everyone in consultation to decide what the future structure of Bournemouth Methodists should look like moving forward to support the continuation and growth of the ministry and how to best proceed together in a changing post pandemic environment.

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.

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.

Page 8 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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.

In so far as the Trustees are aware:

The charity seeks to comply with the requirements of UK legislation, the Charity Commission and the Constitutional Practice and Discipline of the Methodist Church in all areas of its dealings.

Your attention is to be drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities 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 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 Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1[st] January 2015.

The Trustees approved this report on 21 July 2023. The report was signed on their behalf by:

Rev Tony Cavanagh

……………………………………………………………………………….

Rev Tony Cavanagh

Superintendent and Chair of Church Council Meeting

Page 9 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2022

Opinion

We have audited the financial statements of The Bournemouth Methodist Church (the 'charity') for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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 10 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2022

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 (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

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

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

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under the Charities Act 2011, s. 144 and report in accordance with regulations made under the Act and relevant regulations made or having effect thereunder.

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.

Page 11 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2022

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the recognition of income, including cash receipts, and the override of controls by management. To address the risk of fraud in these areas, we:

Page 12 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2022

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Other Matter

Comparative information for the year ended 31 August 2021 in the financial statements is derived from the charity's prior period financial statements which were not audited.

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: ............................................. 24 July 2023

Page 13 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Notes to
the
accounts		 Unrestricted
funds		 Designated
Funds		 Restricted
Funds		 Endowment
Funds
Total
2021-22
Total
2020-21
£ £ £ £ £ £
Income and Endowments:
Donations and legacies 4 130,215 106,012
-Collections and tax credit 98,240 98,240 97,385
-Donations 2,003 10,000 12,003 2,463
-Legacies 19,972 - 19,972 6,164
Charitable activities 5 104,469 54,820
-Fund raising 9,154 9,154 100
-Others 95,315 - 95,315 54,720
Investments 6 520 1,242 143 510 2,415 1,614
Other 7 20,863 36,806
-Internal organisations 5,842 5,842 11,049
-Charitable income 233 9,468 5,320 15,021 25,757
Total Income 225,437 20,710 11,305 510 **257,962 ** **199,252 **
Expenditure on Charitable Activities:
Salaries, NIC & Pension costs 10 26,083 14,532 40,615 26,342
Circuit Assessment 99,250 99,250 104,784
Maintenance on Church buildings and property 24,391 24,391 19,737
Telephone and Travel 2,029 2,029 4,286
Utilities (insurance, heat and light, water, etc) 56,317 56,317 54,675
Expenditure on other property - -
Depreciation 11 3,024 3,024 3,224
OfficeExpenses 736 736 681
Internal organisations 4,035 4,035 8,909
Grants andDonations 1,000 1,000 0
Professional Fees 9 10,716 10,716 4,800
Write off 1,895 1,895 1,950
Other expenditure 11,350 7,404 2,101 309 21,164 4,613
Total charitable expenditure 233,767 21,936 9,160 309 **265,172 ** **234,001 **
Net income/(expenditure) (8,330) (1,226) 2,145 201 (7,210) (34,749)
Transfers between funds 94 105 (199) 0 0
Other recognised gains / (losses):
Gains on investment assets (49) (49) 5
Net movement in funds 20 (8,236) (1,121) 2,145 (47) (7,259) (34,744)
Total funds brought forward 125,601 497,915 12,620,884 108,373 13,352,773 13,387,517
Total funds carried forward 117,365 496,794 12,623,029 108,326 13,345,514 13,352,773

Page 14 of 27

BOURNEMOUTH METHODISTS

ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

Balance Sheet as at 31 August 2022

Fixed Assets Notes Unrestricted
£		 Designated
(Unrestricted)
£		 Restricted
£		 Endowment
Funds
£		 Totals 2022
£		 Totals 2021
Restated
£
Land &Buildings 11 12,525,008 12,525,008 12,525,008
Equipment 11 31,994 31,994 28,888
Investments 12 222 222 271
Total fixed assets 0 0 12,557,002 222 12,557,224 12,554,167
Current Assets
Stock held for Circuit 13 0 0 291
Debtors andPrepayments 13 40,960 40,960 10,295
CashatBankandin hand 13 0 240,164 8,452 248,616 269,474
Trustees for Methodist Church
Purposes deposits		 88,999 243,201 13,151 108,104 453,455 452,949
Central FinanceBoardDeposits 7,197 13,429 20,832 41,458 54,265
Monies held byInternal Orgs. 29,569 29,569 27,768
Total current assets 137,156 496,794 72,004 108,104 814,058 815,042
Currrent Liabilities 19,791
5,977
25,768
117,365
496,794
66,027
108,104
788,290
117,365
496,794
12,623,029
108,326
13,345,514
Creditors and Accruals (due in
under 1yr)		 14 19,791 5,977 25,768 16,436
Net currentassets (liabilities) 798,606
Total assets less current liabilities 13,352,773
Net assets 18 117,365 496,794 12,623,029 108,326 13,345,514 13,352,773
Funds of the Church
Unrestrictedfunds 16 117,365 496,794 12,623,029 614,159 623,516
Restrictedfunds 12,623,029 12,623,029 12,620,884
Endowment funds 108,326 108,326 108,373
Total Funds 117,365 496,794 12,623,029 108,326 13,345,514 13,352,773

The notes form part of these financial statements.

The financial statements were approved by the Board of Trustees on 21 July 2023 and were signed on their behalf by:

Rev Tony Cavanagh

Rev Tony Cavanagh Superintendent and Chair of Church Council Meeting

Page 15 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

Cash Flow Statement
Note
Cash outflow from operating activities
20
Net cash flow from operating activities
Cash flow from investing activities:
Interest received
Purchase of fixed assets
Net decrease in cash and cash equivalents
Cash and cash equivalents at 01/09
Cash and cash equivalents at 31/08		 2022
£
(27,642)
(27,642)
2,414
(6,130)
(3,716)
(31,358)
804,456
773,098		 2021
£
(58,960)
(58,960)
1,616
0
1,616
(57,344)
861,800
804,456
Cash at bank and in hand 319,643 351,507
Short term deposits 453,455 452,949
Cash and cash equivalents at 31/08 773,098
804,456

Page 16 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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 SORP2019

These accounts are compliant with Charity SORP (FRS102) 2019.

Going Concern

Based on the monetary assets and human resources available at 31 August 2022, the trustees believe that the Church is a going concern and these accounts are prepared on a going concern basis.

Income Recognition

Page 17 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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 2022.

Charity Merger

Page 18 of 27

BOURNEMOUTH METHODISTS

ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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 2022
Total		 2021
Total
£ £ £ £ £ £
Collections 76,590 76,590 81,874
Tax credits 21,650 21,650 15,511
Donations * 2,003 2,003 2,463
Legacies/ Memorial gifts 19,972 10,000 29,972 6,164
Total 120,215 10,000 0 0 130,215 106,012
* included in donations are transfers from internal organisations of £1,553 (YE21 £1,812.50).
5. Charitable activities Unrestricted Designated **Restricted ** Endowment 2022
Total		 2021
Total
£ £ £ £ £ £
Fundraising 9,154 9,154 100
Lettings 93,619 93,619 53,234
Other 1,696 - 1,696 1,486
Total 104,469 0 0 0 104,469 54,820
6. Investment income **Unrestricted ** Designated **Restricted ** Endowment 2022
Total		 2021
Total
£ £ £ £ £ £
Central Finance Board 45 102 76 223 74
CAF 58 58 16
TMCP Endowment Interest 510 510 364
Other TMCP 417 1,140 67 1,624 1,160
Total 520 1,242 143 510 2,415 1,614
Unrestricted **Designated ** Restricted Endowment 2022 2021
7. Other income Total Total
£ £ £ £ £ £
Internal Organisations income 5,842 5,842 11,049
HMRC Furlough grants 233 233 9,803
Other grants - 4,000 4,000 0
Poole Bay Circuit grant for loss of income 0 15,206
Intergenerational Café income 9,468 9,468 0
Other income - Trinity & Winton Toddlers 1,320 1,320 30
Insurance claim - 0 718
Total 233 9,468 11,162 0 20,863 36,806

Page 19 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

----- Start of picture text -----
2022 2021
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 previous Café Manager
£ 0 1,901
Number of trustees who were paid wages in the capacity of Café
Manager/general assistant 0 1
There were Trustees authorised to purchase items for the Church's
use and were reimbursed the cost of those items.
Total amount paid
£ 3,963 1,347
Number of trustees who were paid business expenses 11 4
2022 2021
Total Total
9. Fees for examination or audit of the accounts
Independent examiner’s or auditors' fees for reporting on the
accounts £ 6,810 4,800
£
Other professional fees (eg: legal advice) 3,906 0
2022 2021
Total Total
10. Paid employees
Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind - cleaning & office £
26,001 24,441
Employer’s National Insurance costs 82 0
Gross wages, salaries and benefits in kind - Welcome Inn Café £ 14,324 1,901
Employer’s National Insurance costs 0 0
Pension costs £ 208 0
Total staff costs £ 40,615 26,342
No employee earned more than £60,000 per annum (2021: nil)
Average number of staff employed during the year were: 5 4
Average Full Time Equivalent (FTE) number of staff employed during
the year were: 2.5 1.2
----- End of picture text -----

Page 20 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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 72,667 12,597,675
Additions 6,130 6,130
Disposals 0
Transfers*(+/-) 0
Balance carried forward 12,525,008 78,797 12,603,805
Accumulated depreciation
Balance brought forward 43,779 43,779
Depreciation charge for year 3,024 3,024
Disposals 0
Transfers*(+/-) 0
Balance carried forward 0 46,803 46,803
Net book value
Brought forward 12,525,008 28,888 12,553,896
Carried forward 12,525,008 31,994 12,557,002

The church properties at 31st August 2022 are valued at the balance sheet carrying value as at 1 September 2015 of £12,525,008 (deemed historical costs under FRS102).

Page 21 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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
2022
Total
2021
Total
£
£
Carrying (market) value at beginning of year 271 266
Add: additions toinvestments at cost
Less: disposals at carrying value
Net (loss)/ gains on revaluation (49) 5
Carrying (market)value at end ofyear 222 271

Page 22 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

,
13.
14.		 Stock
Debtors and prepayments
Other debtors - Gift Aid reclaims
Other debtors - St Georges Foodbank
Other debtors - Welcome Inn Café
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		 2022
Total
£
0
10,708
2,847
23,139
3,588
678
40,960
68,994
72,352
16,199
75,998
0
11,057
24,642
18,193
226
343
626
1,444
190,351
109
13,151
11
107,995
52,850
87,963
1,025		 2022
Total
£
0
10,708
2,847
23,139
3,588
678
40,960
68,994
72,352
16,199
75,998
0
11,057
24,642
18,193
226
343
626
1,444
190,351
109
13,151
11
107,995
52,850
87,963
1,025		 2021
Total
£
291
7,040
1,766
1,489
0
0
10,295
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
Other Accounts held byInternal orgs - not in Church control 29,569 27,768
Total Cash and Bank 773,098 804,456
Creditors
Other Creditors (External Organisations)
Total Current Liabilities
Analysis of current liabilities and long term creditors
19,791 11,020
5,977 5,416
25,768 16,436

15. Capital commitments and contingent liabilities

At the 31 st August 2022 the Churches have no capital commitments.

No Contingent liabilities were identified at 31st August 2022 (2020/21 £0).

Page 23 of 27

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 125,601 225,437 (233,767) 94 117,365 [The general purpose of the church]
Ministry set up to run café for local community with
Wells pring Café , St Georges 25,621 25,621 view to assist vunerable members.
Designated Alice Cox Legacy 191,206 892 (542) 191,556 [For various mission projects]
Designated BMC Mission Centre 76,242 9,468 (21,243) 105 64,572 [Welcome Inn 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 Le gacies , Trinity 52,922 248 (151) (170) 52,849 various projects
Designated Building Repair, Trinity 58,247 58,247 For building repairs
Designated Mini Bus, Trinity 13,158 102 170 13,430 For maintenance of mini bus
Designated Le gacies , Victoria Park 69,650 10,000 79,650 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 496,794
Totals
623,516 246,147 (255,703) 199 0 614,159
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 (544) (544)
Mess y Church, St Georges 242 242 [Support of Junior church ]
Young Peoples Fund, St Georges 18,116 76 18,192 [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 - Al pha , Trinity 39 39 [Support teaching of Alpha course & ministry]
Restricted donations - Toddlers, Trinity 685 900 1,585 [Provision of materials for running toddler group]
Toddlers , Winton (3) 420 (109) 308 [Provision of materials for running toddler group]
Holida y project 385 385 [Support of Youth work]
BMC Foodbank 173 0 0 173 [Support ministry work in the community]
Mission work @ Trinity 1,953 1,953 [Support of mission work]
Mission work @ Winton 1,000 1,000 [Support of mission work]
Mission work @ BMC Godl y Pla y 0 4,000 (1,954) 2,046 [Support teaching on ministry]
Internal Organisations 43,941 5,909 (4,073) 45,777 [Individual orgs. under control of church council]
Church Buildings Fund 12,553,896 (3,024) 12,550,872 [Church land & buildings and equipment]
Totals 12,620,884 11,305 (9,160) 0 0 12,623,029
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 107,995 508 (309) (199) 107,995 [Support of Youth work]
Victoria Park Sunday School TCMP 12411 378 2 0 (49) 331 [Support of Junior church ]
Totals 108,373 510 Page (309) 24 ( of 199) 27 (49) 108,326 23
----- End of picture text -----

Note 16 Continued

Opening Income Expenditure Transfers Revaluation Closing Balance
SUMMARY Balance gains/losses
General Fund 125,601 225,437 (233,767) 94 0 117,365
Designated Funds 497,915 20,710 (21,936) 105 0 496,794
Sub- total General/Designated 623,516 246,147 (255,703) 199 0 614,159
Restricted Funds 12,620,884 11,305 (9,160) 0 0 12,623,029
Endowment Funds 108,373 510 (309) (199) (49) 108,326
TOTAL 13,352,773 257,962 (265,172) 0 (49) 13,345,514
SUMMARY Opening
Balance		 Opening
Balance		 Income Income Expenditure Expenditure Transfers Transfers Revaluation
gains/losses		 Revaluation
gains/losses		 Closing Balance Closing Balance Closing Balance
General Fund 125,601 225,437 (233,767) 94 0 117,365
Designated Funds 497,915 20,710 (21,936) 105 0 496,794
Sub- total General/Designated 623,516 246,147 (255,703) 199 0 614,159
Restricted Funds 12,620,884 11,305 (9,160) 0 0 12,623,029
Endowment Funds 108,373 510 (309) (199) (49) 108,326
TOTAL 13,352,773 257,962 (265,172) 0 (49) 13,345,514
Internal Organisations (see note 16)
St George's		 Opening
balance
prior
period
receipts
prior
period
payment
Receipts
Payments
Internal
Transfers
218
(218)
383
(383)
601
0
0
0
(601)
0
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
626
13,829
3,064
14,455
0
0
3,064
0
0
Internal Organisations Opening
balance		 prior
period
receipts		 prior
period
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Mothers & Toddlers 218 (218) 0
18/80 383 (383) 0
Total 601 0 0 0 (601) 0 0
Trinity
InternalOrganisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Smile 626 626
2ndBournemouth BoysBrigade 13,829 3,064 16,893
Total 14,455 0 0 3,064 0 0 17,519
Victoria Park
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Parents and Toddlers 34 490 (94) 430
Wednesday Group 300 1,416 (35) (1,000) 681
Drama Group 4,179 (1,020) 205 (141) (100) 3,123
Badmington Group 261 443 (286) 418
Stay aWhile* 6,285 6 6,291
Flower Fund 804 (49) 755
Carpet bowls 103 (103) 0
SundayExplorers** 566 566
Girls Brigade 375 (375) 0
Westbourne Fellowship*** 13,751 64 (37) 13,778
Total 26,658 0 (1,020) 2,624 (1,017) (1,203) 26,042
**Winton **
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Tuesday Fellowship 848 332 (267) (200) 713
Open House 72 272 (130) (150) 64
Flower Fund 854 617 (485) 986
Total 1,774 0 0 1,220 (881) (350) 1,763
BMC Sleepsafe 453 0 453
Total £
45,777
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*		 1,443.82
226.36
342.84
626.09
13,151.09




15,790.20
Residual balance St George's
Total (less cash deposits ex. Sleepsafe)		 35
£
29,569

Page 25 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

17. Related party transactions

Transactions with Trustees disclosed in Note 8 of these accounts. A donation of £1,000 was made to Sea Change Mgt Ltd who run Wesley's Cafe at The Spire (Poole Methodists) to support the 'Kids Go Free' scheme to offer free meals to children during the school holidays.

Statement of Financial Activities (SOFA continued) for the year ended 31 August 2022 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		 2022-21 2022-21 2020-21
253 253
- -
- -
253 253
727 727
305 -
- -
1,032 727
2,649 2,526
3,827 848
(3,843) (725)
2,633 2,649
1,787 1,534
272 253
- -
2,059 1,787

Page 26 of 27

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2022

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
(Losses)/Gains on investments
Decrease in stock
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash flow from operating activities		 2022
£
(7,259)
(2,414)
3,024
49
291
(30,665)
9,332
(27,642)		 2021
£
(34,744)
(1,616)
3,224
(5)
0
45,856
(71,675)
(58,960)

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

21. Welcome Inn Café @ Victoria Park
Income
Café takings (from May 2022)
Expenses
Food & Drinks
Kingdom coffee direct
Bank charges
Sub-total expenses per café records
Food & Drinks - accrued expenses at 31st August 2022
Salaries
Other sundries inc. cleaning & mobile phone costs
Advertising
Small Equipment
Kennett Coffee Equipment hire
Sub-total expenses financed by Legacy
TOTAL Expenses
NET EXPENDITURE		 2022
2022
£
£
9,468
2,553
537
119
3,209
550
3,759
14,532
523
229
859
1,341
17,484
21,243
(11,775)		 2021
£
0
0
1,901
1,342
3,243
(3,243)

Page 27 of 27