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← Bournemouth Methodist Church

2023-08-31-accounts

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ACCRUAL ACCOUNTS 2022-23

For the year ended 31 August 2023

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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 2023

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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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.

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 2022-23.

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

At the Victoria Park Mission Centre the Intergenerational Café called The Welcome inn Café was restarted in May 2022 after the Covid lockdown ended, operating for four days per week (Tuesday, Wednesday, Thursday, and Friday). The Café is proving to be popular and was voted the Café of the Year in a pole by the local paper. It provides a safe and warm environment with a mission base for the local population and during the Winter of 2023 provide a Warm Space under the Government scheme. The café tables remain in place for the acts of worship that take place on Sunday. The Mission Centre also runs a lively Toddler Group and is host to a Scout Group.

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. Volunteers also run a Toddler Group.

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.

Winton Mission Centre volunteers run a Toddler Group and several uniformed organisations use the church premises.

Public Benefit

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

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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 £104,634 was lower than the previous year of £130,215. Overall collections have fallen and the amount of legacies received were lower than last year (see note 4, page 19).

The rental income of £117,974 relates to the hire of the church halls, etc to various groups in the community compared with the previous year’s income of £93,619.

Welcome Inn Intergenerational Café, V.P. café takings for the year of £54,673 (YE21-22 £9,468 for period May to August 2022). See note 21, page 28.

Expenditure Trends

Total expenditure of £188,170 was higher than the previous year’s expenditure of £161,887 (these figures exclude assessments and internal organisations expenditure).

The major cost during 2022-23 was the assessment payment to the Poole Bay Methodist Circuit. This amounted to £106,178 compared to the 2021-22 figure of £102,017 (£99,250 plus £2,767 payment the previous year).

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

Other expenditure includes £50,128 covering utilities (insurance, heat & light, water) and £18,363 covering total costs for maintaining the church buildings.

Fund balances

The total funds held at 31 August 2023 are £13,374,828. 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
 £129,619
£455,737
£122,046
£108,317
£12,559,109
£13,374,828

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 (£129,619 as 31[st] August 2023 excluding designated funds) 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. £155,448, as recommended by the Methodist Church of Great Britain.

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

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Basis of preparation and legal framework

The Charity’s Annual Report and Accounts for the year ended 31st August 2023 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 2023

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 01.09.2016 Rev Roberto Viana 01.09.2016 Deacon Suzie Viana 01.09.2016

Bournemouth Steward

Tony Fernand 09.11.2016

St George’s

Trinity

Ian Underwood 09.11.2016 Dr Julian Tawn 09.09.2019 Lesley Fernand 09.11.2016 Janet Drayton 09.11.2016 Ray Drayton 19.11.2019 Val Roantree 28.11.2017

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

Elected Resigned

Margaret Bray 28.11.2017 Bridget O’Connor (Bolt) 09.09.2019 10.05.2024 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
June Adams 08.05.2022 14.12.2023
Winton
Sue Saunders 09.11.2016
Pat Goodhall 09.11.2016 31.08.2023
Marion King 05.09.2018
Jean James 08.05.2022
Paul Thompson 08.05.2022
Sheila Slattery 11.12.2023
Becca Thompson 09.11.2016 01.03.2023
Pam Brown 09.11.2016 01.03.2023
Anita Curtis 09.11.2016 01.03.2023

Note: Trustee list includes resignations and appointments from 1[st] September 2022 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.

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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

Related Parties

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

Risk Management

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:

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.

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

Bournemouth Methodist Church was established in 2017 by combining four existing Methodist Churches in the Bournemouth area. In 2022 the Church Council decided that a review of the existing arrangements and use of the buildings should be undertaken. It was agreed that a trial of worshiping together in one of the mission centres should be undertaken In addition an architect’s practice was engaged to review the use and possible redevelopment of the four mission centres. During 2023-24 both the joint worship scheme and the proposal about the use, etc. of the buildings will be reviewed and the Church Council will consider the way forward.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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.

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

Trustee Responsibilities

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

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

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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 23rd June 2024. The report was signed on their behalf by:

Rev Tony Cavanagh

Rev Tony Cavanagh

Superintendent and Chair of Church Council Meeting

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2023

Opinion

We have audited the financial statements of The Bournemouth Methodist Church (the 'charity') for the year ended 31 August 2023 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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2023

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.

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2023

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:

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

BOURNEMOUTH METHODISTS FOR THE YEAR ENDED 31[ST] AUGUST 2023

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.

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

24 June 2024 Date: .............................................

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

Statement of Financial Activities (SOFA) for the year ended 31 August 2023

Notes to
the
accounts		 Unrestricted
funds		 Designated
Funds		 Restricted
Funds		 Endowment
Funds		 Total
2022-23
Total
2021-22
£ £ £ £ £ £
Income and Endowments:
Donations and legacies 4 104,634 130,215
- Collections and tax credit 90,109 90,109 98,240
- Donations 14,005 14,005 2,003
- Legacies 520 520 29,972
Charitable activities 5 128,096 104,469
- Fund raising 9,249 9,249 9,154
- Others 118,847 118,847 95,315
Investments 6 3,963 8,665 1,096 3,434 17,158 2,415
Other 7 90,340 20,863
- Internal organisations 18,833 18,833 5,842
- Charitable income 9,000 - 62,507 71,507 15,021
Total Income 245,693 8,665 82,436 3,434 340,228 257,962
Expenditure on Charitable Activities:
Salaries,NIC & Pension costs 10 30,907 44,277 75,184 40,615
Circuit Assessment 106,178 106,178 99,250
Maintenance on Church buildings andproperty 18,363 18,363 24,391
Telephone and Travel 1,566 1,566 2,029
Utilities(insurance,heat and light,water,etc) 50,127 50,127 56,317
Depreciation 11 4,372 4,372 3,024
Office Expenses 455 455 736
Internal organisations 16,549 16,549 4,035
Grants and Donations - 0 1,000
Professional Fees 9 6,300 6,300 10,716
Write off - 0 1,895
Other expenditure 10,052 694 20,749 309 31,804 21,164
Total charitable expenditure 223,948 694 85,947 309 310,898 265,172
Net income/(expenditure) 21,745 7,971 (3,511) 3,125 29,330 (7,210)
Transfers between funds (9,491) (49,028) 61,637 (3,118) 0 0
Gains on investment assets (16) (16) (49)
Net movement in funds 20 12,254 (41,057) 58,126 (9) 29,314 (7,259)
Total funds brought forward 117,365 496,794 12,623,029 108,326 13,345,514 13,352,773
Total funds carried forward 129,619 455,737 12,681,155 108,317 13,374,828 13,345,514

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

Balance Sheet as at 31 August 2023

Notes
Fixed Assets		 Notes
Fixed Assets		 Unrestricted
£		 Designated
(Unrestricted)
£		 Restricted
£		 Endowment
Funds
£		 Totals 2023
£		 Totals 2022
£
Land & Buildings 11 12,525,008 12,525,008 12,525,008
Equipment 11 34,101 34,101 31,994
Investments 12 206 206 222
Totalfixed assets 0 0 12,559,109 206 12,559,315 12,557,224
Current Assets
Stock held for Circuit 13 0 0 0
Debtors and Prepayments 13 55,235 1,316 56,551 40,960
Cash at Bank and in hand 13 0 191,135 13,727 204,862 248,616
Trustees for Methodist Church
Purposes deposits		 88,086 248,769 13,150 108,111 458,116 453,455
Central Finance Board Deposits 0 15,833 21,941 37,774 41,458
Monies held byWelcome Inn Café 43,504 43,504 0
Monies held byInternal Orgs. 30,972 30,972 29,569
Total current assets 143,321 455,737 124,610 108,111 831,779 814,058
Currrent Liabilities 13,702
2,564
16,266
129,619
455,737
122,046
108,111
815,513
129,619
455,737
12,681,155
108,317
13,374,828
Creditors and Accruals (due in
under 1yr)		 14 13,702 2,564 16,266 25,768
Net current assets(liabilities)
Total assets less current liabilities
788,290
13,345,514
Net assets 8 129,619 455,737 12,681,155 108,317 13,374,828 13,345,514
Funds of the Church
Unrestricted funds 16 129,619 455,737 12,681,155 585,356 614,159
Restricted funds 12,681,155 12,681,155 12,623,029
Endowment funds 108,317 108,317 108,326
Total Funds 129,619 455,737 12,681,155 108,317 13,374,828 13,345,514

The notes form part of these financial statements. The financial statements were approved by the Board of Trustees on 23rd June 2024 and were signed on their behalf by:

Rev Tony Cavanagh

Rev Tony Cavanagh Superintendent and Chair of Church Council Meeting

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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		 2023
£
(8,550)
(8,550)
17,159
(6,479)
10,680
2,130
773,098
775,228		 2022
£
(27,642)
(27,642)
2,414
(6,130)
(3,716)
(31,358)
804,456
773,098
Cash at bank and in hand 317,112 319,643
Short term deposits 458,116 453,455
Cash and cash equivalents at 31/08 775,228
773,098

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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. Accounting Policies

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.

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.

Public benefit entity

The Bournemouth Methodist Church meets the definition of a public benefit under FRS102. 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 2023, the trustees believe that the Church is a going concern and these accounts are prepared on a going concern basis.

Income Recognition

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

Page 17 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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 2023.

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.

Page 18 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

3. Comparative Statement of Financial Activities

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 andproperty 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 otherproperty - -
Depreciation 11 3,024 3,024 3,224
Office Expenses 736 736 681
Internal organisations 4,035 4,035 8,909
Grants and Donations 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 recognisedgains/ (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 19 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

BOURNEMOUTH METHODISTS
ACCOUNTS FOR THE YEAR ENDED 31stAUGUST 2023		 BOURNEMOUTH METHODISTS
NTS FOR THE YEAR ENDED 31stAUGUST 2023
4. Donations and legacies
Unrestricted Designated
Restricted Endowment
2023
Total
2022
Total
£
£
£
£
£
£
Collections
74,381
74,381
76,590
Tax credits
15,728
15,728
21,650
Donations
14,005
14,005
2,003
Legacies/ Memorial gifts
520
520
29,972
Total
104,634
0
0
0
104,634
130,215
5. Charitable activities
Unrestricted Designated
Restricted Endowment
2023
Total
2022
Total
£
£
£
£
£
£
Fundraising
9,249
9,249
9,154
 included in donations are transfers from internal organisations of £12,044 (YE22 £1,553).		 Unrestricted Designated
Restricted Endowment
2023
Total
2022
Total
£
£
£
£
£
£
74,381
74,381
76,590
15,728
15,728
21,650
14,005
14,005
2,003
520
520
29,972
Lettings 117,974
117,974
93,619
Other
Total
6. Investment income
Central Finance Board
CAF
TMCP Endowment		 873
-
873
1,696
128,096
0
0
0
128,096
104,469
Unrestricted Designated
Restricted Endowment
2023
Total
2022
Total
£
£
£
£
£
£
430
878
679
1,987
223
669
669
58
3,434
3,434
510
Other TMCP 2,864
7,787
417
11,068
1,624
Total
7. Other income
Internal Organisations income		 3,963
8,665
1,096
3,434
17,158
2,415
Unrestricted
Designated Restricted
Endowment
2023
Total
2022
Total
£
£
£
£
£
£
18,833
18,833
5,842
HMRC Furlough grants 0
233
Other grants
-
-
0
4,000
Poole Bay Circuit grant for energy
9,000
9,000
0
Intergenerational Café income
61,128
61,128
9,468
Other income - Trinity & Winton Toddlers
1,379
1,379
1,320
Total
9,000
0
81,340
0
90,340
20,863
9,000
0
81,340
0
90,340
20,863

Page 20 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

8. Payment to Trustees

2023 2022
Total Total
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		 2,078 3,963
8 11
9. Fees for examination or audit of the accounts 2023
Total		 2022
Total
Independent examiner’s or auditors' fees for reporting on the
accounts
£
Other professional fees (eg: legal advice)
£		 6,300 6,810
0 3,906
Staff Costs paid during the year were:
Salaries and benefits in kind - cleaning & finance
£
10. Paid employees		 2023
Total		 2022
Total
30,907 26,083
Salaries and benefits in kind - Welcome Inn Café
£
Pension costs
£		 42,571 14,324
1,706 208
Total staff costs
£		 75,184 40,615
No employee earned more than £60,000 per annum (2022: nil)
Average number of staff employed during the year were:
Average Full Time Equivalent (FTE) number of staff employed during
the year were:		 6 5
2.7 2.5

Page 21 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

11. Tangible Fixed Assets

Church (non
investment)
land and
buildings
£		 Fixtures, fittings
and equipment
£
Total
£
Balance brought forward 12,525,008 78,797 12,603,805
Additions 6,479 6,479
Disposals 0
Transfers *(+/-) 0
Balance carried forward 12,525,008 85,276 12,610,284
Accumulated depreciation
Balance brought forward 46,803 46,803
Depreciation charge foryear 4,372 4,372
Disposals 0
Transfers*(+/-) 0
Balance carried forward 0 51,175 51,175
Net book value
Brought forward 12,525,008 31,994 12,557,002
Carried forward 12,525,008 34,101 12,559,109

The church properties at 31st August 2023 are valued at the balance sheet carrying value as at 1 September 2015 of £12,525,008 (deemed historical costs under FRS102).

2022-23 Additions to fixtures & fittings:
Metal railings at Victoria Park
2021-22 Additions to fixtures & fittings
Oven at Victoria Park
Dishwasher at Victoria Park		 6,479
3,724
2,406
6,130

Page 22 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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
2023
Total
2022
Total
£
£
Carrying (market)value at beginningofyear 222 271
Add:additions to investments at cost
Less:disposals at carryingvalue
Net loss on revaluation (16) (49)
Carrying (market)value at end ofyear 206 222

Page 23 of 29

BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

13. 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 Accounts
Bank balance held in NatWest Current Account (BMC Mission)
Bank balance held in NatWest Current Account (Welcome Inn
Café @ Victoria Park)NEW BANK ACCOUNT
Analysis of current assets
Prepayments
Accrued income		 2023
Total
£		 2023
Total
£		 2022
Total
£
0
10,708
2,847
23,139
3,588
678
40,960
68,994
72,352
0		 2022
Total
£
0
10,708
2,847
23,139
3,588
678
40,960
68,994
72,352
0
0 0
7,571
10,625
22,048
14,992
1,315
56,551
61,844
20,243
43,504
61,844 68,994
20,243 72,352
43,504 0
Bank balance held in CAF Current Account
Bank balance held in CAF Gold		 21,331
16,199
71,602 75,998
14. 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
Bank balance held in TMCP 22140 Jean Turner Bequests
Bank balance held in TMCP 22639 Sarah Ann Davies Bequest		 0 0
14,605 11,057
27,046 24,642
18,825 18,193
234 226
355 343
1,033 626
1,494 1,444
195,919 190,351
116 109
13,151 13,151
11 11
107,995 107,995
52,850 52,850
90,536 87,963
1,055 1,025
507 0
Other Accounts held byInternal orgs - not in Church control 30,972 29,569
Total Cash and Bank 775,228 773,098
Creditors
Other Creditors (External Organisations)
Total Current Liabilities
Analysis of current liabilities and long term creditors
13,702 19,791
2,564 5,977
16,266 25,768

15. Capital commitments and contingent liabilities

At the 31 st August 2023 the Churches have no capital commitments.

No Contingent liabilities were identified at 31st August 2023 (2021/22 £0).

Page 24 of 29

16. Detailed analysis of individual fund movements Unrestricted Funds

Unrestricted Funds
Fund Name Opening
Balance		 Prior
period		 Income Expenditure Transfers Revaluation
gains/losses		 Closing
Balance		 Purpose of Fund
General Fund 117,365 (6,130) 245,693 (223,948) (3,361) 129,619 The general purpose of the church
Designated BMC Mission 25,621 25,621 Ministry set up to run café for local community with view to assist vunerable members
Designated Alice Cox Legacy 191,556 6,110 (543) 197,123 For various mission projects
Designated BMC Mission Café 64,572 (49,028) 15,544 Welcome Inn Intergenational Café - transfer of £49,028 to restricted funds on opening of a new
Welcome Inn Natwest Bank account
Designated Residual Tape, BMC 296 296 Tapes for ministry
Designated Residual Mission,BMC 1,072 1,072 For the use of specific mission work
Designated Legacies,Trinity 52,849 1,677 (151) (1,526) 52,849 Legacy left to the church to support the work of various projects
Designated Building Repair, Trinity 58,247 58,247 For building repairs
Designated Mini Bus, Trinity 13,430 878 1,526 15,834 For maintenance of mini bus
Designated Legacies, Victoria Park 79,650 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 455,737
Totals
Restricted Funds		 585,356
614,159 (6,130) 254,358 (224,642) (52,389) 0 585,356
Fund Name Opening
Balance		 Prior
period		 Income Expenditure Transfers Revaluation
gains/losses		 Closing
Balance		 Purpose of Fund
Benevolence (544) (544) Support of individuals in specific need to be used at the discretion of the Superintendent Minister
Messy Church, BMC 242 242 Support of Junior church
Young Peoples Fund, BMC 18,192 632 18,824 Support of Youth work
Young Peoples Fund, Victoria Park 342 342 Support of Youth work
Homeless Project, BMC 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 1,585 541 2,126 Provision of materials for running toddler group
Toddlers, Winton 308 838 (162) 984 Provision of materials for running toddler group
Holiday project 385 385 Support of Youth work
BMC Foodbank 173 830 (466) 537 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 Godly Play 2,046 0 (1,024) 1,022 Support teaching on ministry
BMC Mission Centre - development fund 0 2,000 2,000 Support of intergenerational café development
Welcome Inn Café 0 59,128 (63,336) 49,028 44,820 Welcome Inn Intergenational Café (see Note 21) - transfer of £49,028 from designated funds
Internal Organisations 45,777 18,467 (16,587) 47,657 Individual orgs. under control of church council
Church Buildings Fund 12,550,872 6,130 (4,372) 6,479 12,559,109 Church land & buildings and equipment (see Note 11)
Totals 12,623,029 6,130 82,436 (85,947) 55,507 0 12,681,155
Endowment Funds
Restricted Fund Name Opening
Balance		 Prior
period		 Income Expenditure Transfers Revaluation
gains/losses		 Closing
Balance		 What the income is used for
TMCP Fund 19269, Trinity 107,995 3,426 (308) (3,118) 107,995 Support of Youth work
Victoria Park Sunday School TCMP 12411 331 8 (1) (16) 322 Support of Junior church
Totals 108,326 0 3,434 (309) (3,118) Page25
(16)		 of29
108,317		 25

Note 16 Continued

SUMMARY Opening
Balance		 Income Expenditure Transfers Revaluation
gains/losses		 Closing Balance
General Fund 117,365 245,693 (223,948) (9,491) 0 129,619
Designated Funds 496,794 8,665 (694) (49,028) 0 455,737
Sub- total General/Designated 614,159 254,358 (224,642) (58,519) 0 585,356
Restricted Funds 12,623,029 82,436 (85,947) 61,637 0 12,681,155
Endowment Funds 108,326 3,434 (309) (3,118) (16) 108,317
TOTAL 13,345,514 340,228 (310,898) 0 (16) 13,374,828

Internal Organisations (see note 16)

Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park		 Trinity
Internal Organisations
Opening
balance
p/p
receipts
p/p
payment
Receipts
Payments
Internal
Transfers
Smile
627
(201)
(426)
2nd Bournemouth Boys Brigade
16,892
2,347
Together on Tuesday
0
1,985
(1,856)
(32)
Total
17,519
0
0
4,332
(2,057)
(458)
Victoria Park
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Smile 627 (201) (426) 0
2nd Bournemouth Boys Brigade 16,892 2,347 19,239
Together on Tuesday 0 1,985 (1,856) (32) 97
Total 17,519 0 0 4,332 (2,057) (458) 19,336
Victoria Park
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
Parents and Toddlers 430 1,318
(246)		 (200) 1,302
WednesdayGroup 681 1,952
(225)		 (1,500) 908
Drama Group 3,123 2,985
(900)		 (1,000) 4,208
Badmington Group 418 529
(12)		 (400) 535
Staya While * 6,291 5,604 (8,155) 3,740
Flower Fund 755 (60) 695
Carpet bowls 0 121 (121) 0
SundayExplorers ** 566 20 586
Westbourne Fellowship*** 13,778 407 14,185
Total 26,042 0 0 12,936 (1,443) (11,376) 26,159
Winton
Internal Organisations Opening
balance		 p/p
receipts		 p/p
payment		 Receipts Payments Internal
Transfers		 Closing
balances
TuesdayFellowship 713 199 (175) (60) 677
Open House 64 430 (286) (150) 58
Flower Fund 986 532 (544) 974
Total 1,763 0 0 1,161 (1,005) (210) 1,709
BMC Sleepsafe 453 0 453
Total £
47,657
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 TMCP Fund 14945 (Westbourne - Int Org)
Total
* Bank balance held in CFB Westbourne (Int Org)		 1,493.99
234.19
354.75
1,033.10
13,151.09




16,267.12
Residual balance St George's
Total (less cash deposits ex. Sleepsafe)		 35
£
30,972

Page 26 of 29

ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

BOURNEMOUTH METHODISTS

17. Related party transactions

Transactions with Trustees disclosed in Note 8 of these accounts. There were no donations made to related parties during the year (21-22 £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).

Statement of Financial Activities (SOFA continued) for the year ended 31 August 2023 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		 2022-23 2022-23 2021-22
253 253
- -
(253) -
0 253
1,032 727
- 305
(789) -
243 1,032
2,633 2,649
903 3,827
(2,467) (3,843)
1,069 2,633
2,059 1,787
1,049 272
(1,856) -
1,252 2,059

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

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 on investments
Decrease in stock
Increase in debtors
(Decrease)/Increase in creditors
Net cash flow from operating activities
These accounts are compliant with FRS102 and with FRS102 SORP 2019.		 2023
£
29,314
(17,159)
4,372
16
0
(15,591)
(9,502)
(8,550)

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BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31[st] AUGUST 2023

21. Welcome Inn Café @ Victoria Park
Income
Café income
Donations
Dorset Community Grant
Expenses
Food & Drinks
Kingdom coffee direct
Bank charges
Food & Drinks - accrued expenses
Wages (inc. pension costs)
Other sundries inc. cleaning & mobile phone costs
Advertising
Small Equipment
Kennett Coffee Equipment hire
NET EXPENDITURE		 2023
£		 2023
£		 2022
£
54,673
1,455
3,000
17,346
486
45
0
44,277
291
0
220
671		 59,128 9,468
2,553
537
119
550
14,532
523
229
859
1,341
63,336 21,243
(4,208) (11,775)
Welcome Inn Café - NatWest bank account balance at 31st August 2023
Café income accrued at 31st August 2023
Welcome Inn Café restricted funds balance at 31 August 2023 (note 16)
A Café Natwest bank account was opened during the year (see note 13)
from designated to restricted funds (see note 16).		 43,504
1,316
44,820
100,000
4,561
2,305
3,000
64,141
174,007
37,675
75,968
113,643
60,364
15,544
44,820
60,364
and these funds have been reclassified
Reconciliation of total income & expenditure to date
Mission income from Alice Cox Legacy
HMRC furlough grant income
Other donations
Dorset Community Grant
Cafe income
Total income to date
Café expenses
Cafe wages
Total expenses to date
Café Fund balance at 31st August 2023
BMC Mission (designated café funds) - see note 16
Welcome Inn Café bank account (restricted funds) - see note 16
Café Fund balance at 31st August 2023		 100,000
4,561
2,305
3,000
64,141
174,007
37,675
75,968
113,643
60,364
15,544
44,820
60,364

Welcome Inn Café opened to the public in May 2022

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