BOURNEMOUtH methodists ACCRUAL ACCOUNTS 2023-24 For the year ended 31 August 2024 Trlnlty Bournemouth Methodist Church is part of the Poole Bay Methodist Circuit and Southampton District (26109) Page l of 31 BOURNEMOUTH MEfHODisfs ACCOUNTS FOR THE YEAR ENDED 31" AUGU￿ 2024 TRusfEE'5 ANNUAL REPORT Introductton The Bournernouth Methodist Church (a150 referred to as Bournemouth Methodlstsl was formed on 1st september 2016 as a result of the joinin8 together of four churches located in the Bournemouth area, with the aim to share resources to better fulfil its rnission and to be mor• efficient in its governance. The four Churches (now referred to as Mission Centres) are St George's. Trinrty. Victoria Park and Winton Methodist. St Georgo's and Trinity were both reglstered charltles prlor ro Joinlng together. Both charities have since been closed and the assets of all four of the mission centre5 have been transferred to Boumemouth Methodists. Aims Charity objective is to act as a Resource provider within the area around Bournemouth for the Methodist church: The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of- The Christian faith in accordance with the doctrinal stsndards and discipline of The Methodist Church. Any charitable purpose for the time being of any Connexional. DistricL Circui( local or other organisation of the Methodist Church. Any charitsble purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church. Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. Ob ectlves and Actlvltles 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 VKJrldwide Christian Church, the obiertive5 of the Bournemouth Methodist Church are to preach the Christian message, providing facilities for Christian worship and to serve the needs of the local cornmunity. We strive to do this by: Providing a welcoming environment for Christian worship. teaching and activities in a variety of ways suitsble for all. Explaining our faith to anyone who wishes to hear about IL Reflerting the love of God for humanity in all our activitie5. Seeking to be a hub for the local community, based ar(￿nd a Christian ethos kn open to those of any faith or none. Researching, listening and responding to the needs of the people around us. Working and sharing Wlth local charitie5, cornmunity groups and other faith-based organi5ations to realise greater opportunities to help those in need. Bein8 open to different viewpoints, ideas and ways of operntin8 whilrt retainin8 our Christian beliets. The Boumernouth Methodist Church monitors its activities and success via a number of internal forums - Property & Finance, Mission & Outreach, Worship & Sptrituality and via the Pastoral Secretsries. 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 OUL Atilvltle5 The organisation and resourcin8 of re8ular public acts of worship open to rnembers of the Church and non-members alike. page 2 of 31 BOURNEm0￿H M￿HoD15Ts ACCOUNTS FOR THE YEAR ENDED 31SI AUGUST 2024 The teachin8 of Chii5tianity through 5ermon5, and small 8roup5. The re50urcin8 of pastoral work including visiting the si¢k and bereaved. Taking religious assemblies In local schools. Promots'on of Christianity through the Staging of ovonts and sgrvic•s. Provision of chaplaincy services to the local university and other institutions. The large majority of the charivs Trustees take on this responsibilty on a voluntary basis. The Trustees rely heavlly on members of the Clrcult Churches to volunteer for specffic role5, such 05 Circuit Stewards Local Preachers Tratner5. Bournemouth Methodist Church carries out a range of activities in pursuance of its mission. The trustees consider that these activities. summarised below. provide benefft to those who are members of the Church and the wider community of Bournemouth. Acts of worshl and astoral care Bournemouth Methodists offers the opportunty for people to participate in Sunday worship every week and at additional times in the Christian calendar. The Poole Bay Circuit produces a quarterly preaching plan to ensure regular acts of worship tske place at each of the Churches in the Circuit including the four mission centres fomiing Bournemouth Methodist Church. These are open to all people, without charge. ¥f' The pastoral care of the mission centres is shared by two Ministers, stationed by the Methodist Church of Great Britain. Worship material is provided through a downloaded audio service or a printed version along with Zoorn services. These services were advertised on the Poole Bay Circuit Website. Both the audio service, the printed version and the Zoom seriices have continued during the year 2023-24. tlsms Weddln and Funerals The Ministers conducted baptisms. weddiw. and fvnÈrats at each of the rn￿10n centres. These services are available at the dlscretion of the Minister. No charge is made for baptisms. A modest set fee is usually charged for wedding5 and funerals. Achlevements and Perforni￿Ce At the Victoria Park Mission Centr the Intergenerational Café called The Welcome inn Café was restsrted in May 2022 after the Covid lockdown ended, operating for four day5 per week rruesday, Wednesday, Thursdayi and Friday). The Café is proving to be popular and was voted the Café of the Year in a poll 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 tsbles remain in place for the acts of worship that take place on Sunday. The Mission Centre also runs a livety Toddlef Group and is host to a Scout Group. Trini Mi55i0n Centre has previously been used to provide overnight accornmodation for rough sleepers and in tonjunction with Faith Works Wessex a scheme called Stay Safe was introduced which provides a place for those who were sleeping rough to go during the day. This has been developed into Yogether on Tuesdays. run bb Church volunteers meeting weekly {warm welcome spaces applICa￿On submltted) - to support the vulnerable with a walk, rneal and quiz. In addition, the Sensory R(x)m in the centre is used by NHS and Down Syndrorne Support Groups and MIND a Mental Health Support Charity and Narcotics Anonymous INA) use the building. Each week a Toddlers Group and a Boys Brigade and Girls Association group use the building. Winton Mis hosts a Scout Group and a Toddler Group and provides office accommodation for the organisation Faith Works wessex. A number of members provlde voluntsry assistants to the Bournemouth Food Bank based at St Geot8e5 Mission Centre. Page 3 of 31 BOURNEMOLtrH MEfHODIST5 Accouiifs FOR THE YEAR ENDED 31° AUGU￿ 2024 In addition, SL Geo e'5 Mi55ion Centre which has beEn leased to Boumemouth Foodbank and wor5hlp take5 place there on a Wednesday in the small chapel. Ictoria Park, Trinity and Winton Mission Centres all support adult social group meetings durin8 the week and offer rooms for hire to support the local communities. Publlc Benefit We confirm the Trustees have had regard to the Charity Commission's guldance on public beneflt. Flnanclal Revlew of the Year Income Trends Church intome 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 £95,222 compared to last yearfs figure of £92,590 (these figure5 exclude internal organisations). See note 41 page 21. Letting income of £116,234 from the hire of the church halls, etc to Yarious group5 in the community is on a similar level with last yearfs letting intome of £117,974. Income received from bank balances held at CAF. Central Finance Board and TMCP of £29,692 was £12.534 htgher than last yearfs receipts of £17,158 due to higher interest rates for the full period. Welcorne Inn Intergenerational Café @ Victoria Park café takings for the year of £70,202 IYE22-23 £54,673). A grant of £10,000 was received from IBFCC along With a Poole Bay Circuit grant of £30,(KK) (debtor). See note 21, page 31. Ex nditure Trends Total expenditure of £235.421 was higher than last yearfs expenditure of £188.170 (these figures exclude asse55ments and internal organisations expenditure) mainly due to hlgher rnalntenance, including remedial electrical works, new directional church spotlights and wage costs along with fees of £17,706 in connection to proposed future church developments. 2023-24 Bournemouth Methodists assessment to Poole Bay Methodist Circuit of £85,268 was £20,910 lower than the 2022-23 assessment of £106,178. A significant amount of the Circuit assessment is used to pay the District assessment, Stipends and related costs of its Ministers. Total stsff costs of £81,546 were higher than last yearfs costs of £75,184. See note 10, page 22. Other expenditure includes £46,919 Covering utilities linsurance, heat & lighL watefl and £32,807 covering totsl costs for maintainiTrd the church buildings. Fund balances Total funds held at 31 August 2024 of £13,426,141. A detsiled analysis of the fund5 is set out in Nots 16. FUNDS Unrestricted General Designated Funds General Restricted Funds General Endowment Funds Restricted - Fixed Assets TOTAL £129,082 £4￿.087 £199,663 £108.341 £12,588,968 The designated funds are rnonies set aside for missionary and gifting purposes along with travel and specffic equiprnenL page 4 of 31 BOURNEMOLrrH MEfHODisrs ACCOUNTS FOR THE YEAR ENDED 31# AUGUST 2024 Reserves Poli Ihe Reserles Poliry relates to those unrestrlrted funds (£129,082 as 31" August 2024 excluding designated funds) that we need to ensure funds are available to rneet the day-ttrday rnnning costs of the Circuit. We aim to hold minimum sum equivalent to six months expenditure i.e. £163,862, as recommendèd by the Methodist Church of Great Britsin. The Trustees consider this arnount to be sufficient to meet any unforeseen item of expenditure in the short term and for fundlng planned actlvltles in the event of any inability to rdi5e the (ull fund5 required to ffleet its obligations during the year. REFERENCE AND ADMINisfRATIVE D￿AlLs Basls of preparation and legal framework The Charit¢s Annual Report and Accounts for the year ended 31st August 2024 have been prepared under the Charities Act 2011 in accordance with the 2019 version of Accounting and Reporting by Charities: Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with FRS102 the Charities SORP IFR5102) and takin8 note of the update bulletin. Full name of charity: 8ournemouth Methodist Churth Other names used by Charity: Bournemouth Methodists, 8MC Charity Nurnber: 1172154 Date of registration: 20 March 2017 Main contsct address: BMC Office. clo Victoria Park Methodist Church, Edgehill Road, 8ournemouth, BH9 2QG The rnembers of the Bournemouth Methodist Church meeting are the Church Trustees, membership being made up of Church Council office holders, Ministers and representstive5 appointed by the local Churches. Circuit Minister5 and Officers Accountant Rothmans Audit LLP Investrnent Bankers Central Finance Board of the Methodist Church Trustees for Methodist Chuith Purposes Church Council Meetin Membershl as at 311t Au 2024 Church CouncFI Trustees Elected Resigned Church Councll Secretary Sarah Jov Chur(h Treasurer Alan Mccoy Actlve arcult Mlnlsters Rev Tony Cavanagh Rev Roberto Wiana Deacon 5uzie Viana 19.11.2019 09.11.2016 01.09.2016 01.09.2016 01.09.2016 31.08.2024 Bournemouth Steward Tony FernandJA I 09.11.201G Page 5 of 31 BOURNEMOWH MEfHODISTS ACCOUNTS FOR THE YEAR ENDED 31. AUGU￿ 2024 51 George's lan Underw(x)d Drjulian Tavm 09.11.2016 09.09.2019 10.07.2024 Trlnlty Lesley Fernand Janet Drayton Ray Drayton Val Roantree Margaret Brav Bridget (Yconnor (8olt) Elizabeth Graham Malcolm Walton 09.11.2016 09.11.2016 19.11.2019 28.11.2017 28.11.2017 09.09.2019 08.05.2022 23.04.2023 10.05.2024 Vlrtorla Park Carol Joy Anita Hazell Glenys Lewer Ros Murray Paul Parke5 June Adams 09.11.2016 09.11.2016 09.11.2016 09.11.2016 25.06.2019 08.05.2022 14.12.2023 Wlnt Sue Saunders 09.11.2016 Marion King 05.09.2018 Jean James 08.05.2022 Paul Thompson 08.05.2022 Sheila Slattery 11.12.2023 Pam 8rown 24.06.2024 Note: Trustee list includes resignations and appointments from I" September 2023 until the date the accounts were signed. 08.09.2024 Structure. Governance and Management The governing document for the Circuit IS the Deed of Union (1932) and Methodist Church Act (19761. Detailed governance arrangements are outlined with the Constitutional Practice and Discipline of the Methodist Church bv order of the annual conference (CPD). Day to day management of the Circuit is undertaken by the Circuit Leadership tearn along with the Local Preachers rneetinL the Circuit Finance and Property Cornmittee 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 tnernbe15 Of the Church Council are TIu5tee5 of the Bouinemouth Methodist Church. The membership of the Church Council is prescribed in the Standin8 Orders of the Constitutional Practice and Discipline of the Methodist Church. Under the Standing Ofdèrs all thè Circuivs Ministers are ex officio members of the Church Council Meeting. 4ge60f 31 BOURNEMOIThH M￿H0O15T5 ACCOUNTS FOR THE YEAR ENDED 31° AUGUST 2024 The rnanaglng Trustees rnust operote within the guideline5 (Jf the Methodist Churih of Gieat Britain. The Constitutional Prartice and 0i3cipline {CPD) of the Methodist Church lay5 down how the Church should run and the Methodtsts Church provide$ guidance on many of th8 polici8s r•quired, such as safeguardi￿ ernploymenL recruitrnent etc. Lay employee's remuneratson Is discussed bv the Church council and a recommendation is put forward to the anaging Tru5tee5 With the annual budget. The Methodist Church supports the Living Wage Foundation. Related Parties The Bournemouth Methodists are part of the Southampton Distrirt and are also accountable to the Methodist Conference. Risk Management There 15 a regular annual review process undertaken and recorded. Within the individual churches all expenditure is authorised by an appropriate elected person. The rnost S￿nifIcant risks faced by the Church are: Other external factors Changes to government policy which may result in a negative impart to the charity i.e. change of regulations, law, taxation. To address thi5 risk the Trustees ensure they remain up to date with changes in legislation and engage professional advtsors where appropriate. Governance Rlsks The Trustees May lack relevant skills or commitment The Church may find it difficult to fill these roles. To address thi5 risk the Methodist Church of Great Britain provide5 guidance for managing trustees on its website and via the Constitutional Practice & Discipline ICPDI of the Methodist Church and guidance on the recruitment of volunteers via its Safer Recruitment Policy. Operatkyftal Rlsks Employment issues such as volunteers who rnay lack competencies and the ability to recruit or retain key 5tsff. 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 recommendation5 of the Living Wage Foundation. Flnandal Rlsks Loss of income may arise from a decline in the membership of the Church due to dependency on limited incorne 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 wlth the local community to raise awareness of its Mission. Compllance Risks Potential non-compliance with legislation. To address this risk the Trustees ensure that they follow the guidance issued by the Methodlst Church and the Charitie5 Commi55iQn. Fundral$ln8 Whilst the church is very grateful for the voluntary donations received from its Members and the wider community it does not artively 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 fundraisin8 regulations. There have been no complaints about fundraising activits'es in the year. Page 7 of 31 8OURNEMOUTh MEfHODISTS AccouKfs FOR THE YEAR ENDED 31" AUGUSf 2024 Plans for the Future Bournemouth Methodist Church wa5 e5tabli5hed in 2017 by riJTnbining fijur exi5tin8 Methodist Churche5 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 architecys practice was enqaced to review the use and possible redeveloprnent of the four mlsslon centres. Durlng 2023-24 both the Jolnt worshlp scheme and the proposal about the use, etc. of the buildin83 will be reviewed and the Church Council will consider the way forward. Safe8uardin8 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 relwTienis li 34,101 2C6 216 216 Total 216 589, 12,559,315 Curr•nt Ats•ts Stock held for Circuit Debtors and Prepa Cash at Bank and in hand Trustees for P/othodist Churth Pur oses de osits Central Finance Boartl De oslts nies held b Welcome Inn Café nies held by Internal Orgs. rotal wnyntossets Currvent Uabllltles ments 47.894 24.7Q) 2Cbl.862 315.219 6,974 436.495 75,930 92,849 45.￿J2 23,864 37.774 43.5CII 30.972 831.7PJ 141.3C6 I(￿.125 851871 Credltor5 and Accruds (due In under l ) 14 11224 15,914 16,266 Net cuThent assets lilbllltles 129.(A2 199,E63 I￿.125 957 815.513 TotulaJJ¢ts less ￿ttentI10b111tlC% ,784631 341 13.42&141 13.374.828 fai 13.374828 Funds of the Chuffth Unrestrirted funds 585,356 12.68L155 ILE,317 14374828 Restricted funds 788,631 ,7￿631 10&341 .424 Endowment funds i(A.341 341 Tots71 Funds 16 78& The notes form part of these financial Statements. The flpancia15tateDients *trw*pprDved try the 8oard of Trustees ￿ 16 June 2025 and We￿ si8ned on their behalf by: Rev Tony Cavanagh Re+Tony Cawdnagh Superintendent and Chalr rf Church Council Meeti Page IS of 31 BOURNEMOUTH MEfHODISTS ACCOUNTS FOR THE YEAR ENDED 31" AUGUSf2024 Ga5h Flow Statenwnt 2024 2023 Cash ouffiow from OFerating actiifiti8S 20 (25,057) (8,550) Net Gash from OFeraling actsvibes 25,057 8,550 Cash flow from in￿ting actvibes." Interest recewl 29,692 17,159 Purchase of fixed assets 36,244 (6,552) 6,479 10,680 Net decrease in cash and cash equivalents (31.609) 2,130 Cash arKI cash equivdlents at 01109 775.228 773.098 Cash and cash 4ui)rdlents at 31108 743,619 775,228 Cash at bank and in hand 378,516 317.112 Short temi deposits 365,103 458,116 Cash and cash equiv*nts at 31108 743,619 775,228 Page 16 of 31 BOURNEMOLrrH m￿HoDIST5 ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2024 Note to the Accounts Accountlng framework and accountlng pollcle5 l. Ba515 of accountlng The financial 5tstements have been prepared in accordance with Accountin8 and Reporting by Charities: Statement of Recommonded Practice {SORPI applicable to charities preparin8 their accounts in accordance with the Financial Reporting SLindards applicable in the UK and Republic of Ireland IFRS102) issued on 16 July 2014. the Charities Act 2011 and UK fjenerallv Accepted Practice as It applies from l January 2019. The signrficant accountin8 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 vthich the trustees have earrnarked for a particular use or project, without restricting or cornrnitting the funds legally. Restricted funds held for a specific purpose include fund5 held by Internal Organisations within the church and Endowment funds which are investrnent 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. Churth Bulldln8S The balance sheet carrying value of the churches premises as at I September 2015 of £12,525,IY)8 was 'frozen' on transition to FRSIO2. br19bf Accountln8 polldes Publlc benefit entlty The Bournemouth Methodist Church meets the definition of a public benefrt under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notels} below. Basls These accounts have been prepared on the basis of historical cost. except the investTnents 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. ni Content The financial information presented is rele￿nt, reliable, comparable and complete. The accounts are expressed in £sterling, rounded to the nearest pound. FRS102 SORP2019 These accounts are compliant with Charity SORP IFRS102) 2019. Golns Concern Based on the monetary assets and human resources available at 31 August 2024, the trustees believe that the Church is a going concern and these accounts are prepared on a going concern basis. jl D Judgements and esornates Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The charity makes estimates and assumptions concernin8 the future. The resulting accounting estimates and assumptions will. by definition. seldom equal the related actual results. Page 17 of 31 8OURNEMOLrfH MEfHODISTS AccouKfs FOR THE YEAR ENDED 31" AUGU￿ 2024 No jud8ements (apart from those Involvi￿ estimate5) hève been made in the pi(Ke55 of applying the above . accounting policies. The key agsumptions eoneérning the futur• and koy sources of estimation of uncertainty at the reporting date that have significant risk of causinR material adjustment to the carrying amounts of assets and liabilities within the next rinancial year include estlmatlon of the useful economK lrfe of fixed assets and accruals. Cash at Bank and In hand 4LI 9Jl* nj 9 Cash at bank and in hand includÈs cash and short term highly liquid investments v•th a short maturity of three monrhs or less from the opening of the deposit or similar account Income Recwltlon Incorne 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. tk)nations, grants and gifts are recognised when receiwable. Income from Glft Ald tax reclairns is recognised for any donations with relevant Gift Aid certificates recogni$ed in income for the year. Any arnounts of Gift Aid not received bythe year-end are accounted for in income and a¢¢rued income in debtors. For legacies, receipt of a legary, is considered probable when the amount can be measured reliably, and the charity has been notified of the executoffs Intention to make a distribution. Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared, and notification has been received of the dividend due. Letting income Is recognised in the period to which it relates. Income from the operation of the Intergenerati(￿al Café is recognised on the transaction date. ExperKllture 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 oufflow of economic benefit is considered more likely than not under the legal or constructlve obligation committing to Church to pay out resources. Expenditure is allocated to the activities the Charity undertakes in proportion to the level of re￿￿rCeS 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 fvll at the time of agreement or when the Church atcepts that there 15 legal or operational obligation to make the paymenL When the donation is recurrent over more than one year the balance payable in future years is treated as provision for future commitrnents in the Balance Sheet against the appropriate fund, the provision being released in future years as instslments 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. Tanglble flxed assets for use by the Church These are capitalised if they can be used for more than one year, and individually cost at least £l,(KX). 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 aCquisit￿n cost. All properries are owned by the Methodist Church of Great Britain. The Church TTU5tees 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. Page 18 of 31 BOURNEMOUTH MEfHODIST5 ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2024 Investments Investments are valued In the Balance Sheet at market value at the year-end. Investrnent income T5 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 D@btors are stated at tho amounts owÈd to the Church or prepaid. The liquid funds of bank balances and deposit account balances are shown as realisable values. Credltor5 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 lie free of interest) are made to (or received by) the Church and are repayable after more than one year, they are initialty 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 impairmen( if necessary. There were no loans outstanding at 31° August 2024. Charlty Merger The Bournemouth Methodist Church was formed on I September 2016 as a result of the merger of four charities in the Bournemouth area. The four combinin8 charities were St George's Methodist Church, Trinity Methodist Church, Victoria Park Methodist Church and Winton Methodist Church. Page 19 of 31 BOURNEMOUTH M￿HoDIST5 ACCOUNTS FOR THE YEAR ENDED 31" AUGU￿ 2024 Stat•m•nt ol Hnanelal Artlvltle$1SOFAI for the year ended 31 Au8USt 2023 Ngtes to Unnsirfcted lunds Ttjtsl Fw)ds Fythts Fund¥ Income and Endowments: Donation5 and le aaes 634 IX215 - Collectlons and tsx credit - Donatio￿% 14.1x6 acies sxj Charftablè activities - Fund r￿sIn 9,249 . Others 95,315 Investments 17.158 1415 Other - Internal anis3tions - Charitable income 62,507 71,507 15,021 Total In¢tyne 1434 endlture on Charltable Actlvttle&' Salaries NIC & Pension costs 44.277 40.615 Grcuit Assessment intenafi￿ on Churth buildi sand 24,391 Tele hone and Travel 1566 Z029 utilities insurance, heat and li ht, water. etc 1,127 ,127 reaation 4,372 Off1￿ Ex nses 455 455 736 Internal o nisation5 4.035 Grants and Donatlons Professional Fees 10.716 Write off Other ex enditure Total Chrftable ex Net Inconx ex ndlture 745 Trnnsfers between funds 9.491 6L637 Gains on investment a55ets 16 Nel m(r4effl¢nt In funds Total fund5 brou t forward 117. 4%,794 623,029 IOA326 13,345,514 13,3S2,7n Total funds c•rrfed fornffld 317 Page 20 of 31 BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31° AUGUST 2024 tA)natlons and les￿e$ Unrestsirted Des10￿d Restslrted End0￿￿ent Toral Total Collertions Tax credits Lk)nation5 Le8aciesl K•em0ri318ifts 74.381 17,493 17,493 14,(K15 520 175 175 ' included in don•tlons •ft ts•nsf¢rs from intsrnal organis•tions of £2W (YE13 £12.0441. S. Charftablo %1SvltS0s - Unr•stiicl•d Desi8nat•d Restrlrt•d Endowm•nt Totsl Fundraisin8 Lettings Other Totsl L417 116.234 1.022 1,417 116.234 9,249 117.974 873 9,2U 6. Investment I￿oMe Unrestrlcted DesI￿ated Reslrfcted Endo￿TreAt Central Finar￿e Board CAF (Current& Gold) TMCP ErKlowment OtherTMCP Totsl L478 3,457 5,725 18,652 &725 29.692 4,977 7.n6 14458 Ii,LE8 17.158 UnKestrkW Des￿ated Restrlcted Endowment 7. Other IM>me Totsi Total Internal Or8anisations income Foodbank income Insurance claim 11,911 11.911 18,833 5,474 5,474 Poole Bay Circuit grant for ene Other income - Trinity & Winton Toddlers Poole Bay Circuit grant to café IBFCCWelcome Inn Cafe Grant Intergenerational Café income - development Inter8enerational Café irKome Totsl L675 L675 L379 iotKD 343 71,652 W4 *581 71.652 61,128 (55 ￿.340 Page 21 of 31 BOURNEMoiJfH MEfHODisfs ACCOUPtrs FOR THE YEAR ENDED 31" AUGUST 2024 2023 Totsl & Pa￿￿nt to TN5tee5 Total There were Trustee5 authorised to purchase item5 forthe ChuTth'5 use and were reimbursed the cost of those items. Total amount paid 3,203 2,078 Number of trustees who were paid busin@ss expenses 13 Total Total 9. Governan￿ Costs Independent examinerfs orauditors'fees for ￿portIngOn the accounts Other professional fees (eg: le￿1 advio) Other fees Consultanoi fees i.e. Ecology reports. thurth buildings surveys and feastbility study for proposed churth developments 17,706 Total Total IQ Paid employees Staff Costs pald durfn8 the year were: Salaries and benefits in kind- cleaning &finance Salaries and benefits in kind- Welcome Inn Café 31.945 46.934 30,gJ7 42,571 Pension costs 2,667 Total staff costs No employee earned more than £Ei),LLKI perannum12023: nil) Average number of staff employed durfng the yew were: Averdge Full fime Equivalent {FfE} numberof staff employed during the yearwere: Page 22 of 31 BOURNEMOUTH METHODISTS ACCOUNTS FOR THE YEAR ENDED 31° AUGUST 2024 IL Tanglble Flxed Assets Church Inon investment) land and buildings xturos. fittings and equipment Total Balance brou t fonvard 12,525,C 85,276 12,610,284 Additions 36,244 36,244 Dis osals Transfers ' (+/-I Balan￿ carried forward Accumulated de 12,525,1 121,519 12,646,527 aation Balance brou ht forward 51,175 De reaation char efor ear &385 Dis osals Transfefs. (+l- Balan￿ carrfed forward 57,5EiI 57,560 Net book Wdlue Brou ht forward 12,525,lJ)8 34,101 12,559,109 Carried forward 12.525,CQ8 588,968 The church properties at 31st August 2024a￿ valued atthe balan￿ sheet carryingvalue as at I September2015 of £11525,IJB (deemed historical costs under FR51021. 2023-Z4 Addltlons to fixtures & ilttl Bol lers @ Tri nity 2022-23 Addition5 to fixture5 & ffttH¥: Metsl raili ngs at Wictoria Park 2021-22 Addltlons to flxtures & fittm 36.244 6A79 Oven at Victoria Park 3.724 2.406 Dishwasher at Victoria Park Page 23 of 31 80URNEMoirrH MEfHODisrs AccouKf5 FOR THE YEAR ENDED 31° AUGUST 2024 IL Investments The funds that support the various funds are held by TMCP in Trustees Interest Fund3 on which interest is credited to the accounts each month. These are regarded as medium and Ions term investments. TNKP is the legal owner and Custodian Trustee of all Methodist Wh)del Trust property, including Legocie5, Endowments and Accumulated Fund5. Trust property 15 held for and on behalf of local Mana8in8 Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their dirertion, the Mana8ing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference. Analysis of investment movements Change In Inveslment values Toial Ca in (market) value at be Add: additions to investments at cost innin of eaf Less: dis osals at car in value Net loss on revaluation io 116 206 Ca in market value at end of ear 216 Page 24 of 31 BOURNEm0￿H MEfHODISTS AccouKfs FOR THE YEAR ENDED 319 AUGUST 2024 11 Analysis of ￿rrent assets Totsl Dobtors and pr•paym•nts Prepayments Accrued Income Other debtors- Gift Aid reclaims Other debtors- St Georges Foodbank Circuit debtors - Poole Bay Circuit Grant Tolal debtors and P￿p￿ients 6,116 9,453 23,793 39.￿1 7,571 10,625 14.992 1,315 56,551 Analy515 of q5h at bwk Bank balan￿ held in Natwest CurrentAccounts Bank balance held in Natwest Current Account (BIK Mission) Bank balance held in Natwest CurrentAccount Iwelcome Inn Café @ v.p.) Bank balance held in CAF Current Account Bank balance held in CAFGold Bank balance held in CFB General Bank balance held in CFB fvfinibus Bank balance held in CFB Young People Bank balance held in CFB VPSS (Int Org) Bank balance held in CFB VPSS 2 Ilnt Org) Bank balance held in CFBWestbourne Ilnt Org) Bank balance held in CFBStay awhile IlntOr8} Bank balance held in CFB Foodbank Fund Bank balance held in TMCP Fund 21735Alice Cox Bank balance held in TMCP Fund 12411 {Sunday School Endowment- Int Ofg) Bank balance held in TMCP Fund 14945 {Westbourne- Int Or8) Bank balance held in TMCP Fund 18157Gladys Jones Bequest Bank balance held in TMCP Fund 19269 (Endowment) 8ank balance held in TMCP Fund 10393 (Legacies) Bank balance held in TMCP Fund 21174 Eric Burroughs Bequest Bank balance held in TMCP 22140Jean Turner Bequests Bank balance held in TMCP 22639 Sarah Ann Davies Bequest 35,030 15,536 92,849 1,561 37,429 20,898 31,168 19,811 246 373 1,761 1.572 ioi 61,844 20,243 43,504 21,331 71,E￿I2 14,605 27,IM6 18,825 355 1,033 1,494 165,546 130 13, 151 195,919 116 13,151 li 107.995 52,850 90,536 1,055 507 107,995 s2,8￿1 95,169 1,109 533 Other Accounts held by Internal orgs- not in Church control Totsl Cash and Bank 30,972 T15,228 743,619 Analysls of ￿rrent liabilitles and long terni oyditors Accruals Othercredltors (Extemal Organisations) Totsl Current Liabilities 12,224 13,702 2,564 15,914 l& Capital commltments and contingent Ilabilities At the 31 stAu8USt 2024 the Churches have no capital commitments. No Contingent liabilities were identified at 31st August 2024 (2022123 £0). Page 25 of 31 11111111111111 111111111111111111111 111 111 111 111 Lmlkl uiiiiiiiiiiii ,Illll'lhk'lllll 111111111111111111111 Iiiiiiiiiiiiiiiiiiiiu 1111111111111111111 Not• 16 Contlnugd Rw•l Gtner61 Fund 129,619 455,737 585.356 12.681.155 108.317 229,939 1236.1511 1505041 1286.6611 S,bill 149,6041 143.9231 12Y,082 400,OB7 529.169 12,788,631 108.341 $I￿at•d Funds Su& total G@n@rallD@slenat@d Restrlcled Funds 44A58 274.397 98.904 5.725 Endowment Funds 13091 27J23 15,4021 io TOTAL 13374J28 379.1)26 13416J41 Page 27 of 31 BOURNEMOLrrH m￿HODIs[S AccouKfs FOR THE YEAR ENDED 31° AUGU￿ 2024 Internal Or£￿1$atiOnS (see note 16) Trlnl Openlng balance Recelpts Expenses Internal Transfer5 to BMC Transfer to Boys Bri ade ,981 Closing b￿lan￿5 Intemal O anisations 2nd Bournemouth Boys Arigade To etheron Tuesd 19.239 97 2.374 2.141 515 34,594 183 34777 (1,927) (ll8) Vlctorfa Park Opening balance Receipts Expenses Internal Transfers Closing balances Internal Organisations Parents and Toddlers Wednesday Group Drarna Grou Badmin on Grou Sta awhile. Flower Fund Carpet bowls Sunday Explorers Westbourne Fellowshi 1,302 997 1,514 3,If4) 541 (325) (5(X)} 1,474 2,422 4,2( 535 3,740 695 (859) 118) (1,5(n) (450) 3,818 632 163 216 31 765 (216) ** 617 14,913 29,493 *** 14,185 (371 Winton Opening balance Receipts Expenses Internal Transfers to BMC 12(X)) Closing balances Intemal Or8anisations Tuesday Fellowship n House Flower Fund 677 266 139 {343) 147) {421) (￿1 150 1,038 974 Total BMC Slee Total safe 453 453 66,311 Cash l*ld In th*Mted b•nk •¢ccAvts I1￿1￿4•d In*bw¢ t(thls): Bank balance held in CFB Staya While Ilnt Or81 Bank balance held in CFBVPSS Ilnt Bankbalan￿ held in (5BVPSS 2llntOr8) Bank balance held in CF8We5thourne IlntOr¥l Ba nk balafiiE held in ThKP Fund 14945 IWestboLtrne - Int Org) L57124 24&43 373.33 L7fll.38 13,15L09 17,103AI Residual balance StGeor¥e's 35 Toni (les5 cash deposirs eL Sleepsafe) 48,789 Page 28 of 31 BOURNEMoufH MEfHODISTS ACCOUNTS FOR THE YEAR ENDED 319 AUGUST 2024 17. R•l•t•d p¥tytr*is•ctlons Transartions with Trustees disdosed in Note 8 of these accounts. There were donations mode to related parties durins the year. ]& Forlnfomi*lon only. Mow recelved wxl pawd an to EMtornI tknilsalons Name of Churth St George's BalarKe bWf(Thadfnxn last Off•rinylGifts- re¢eiv•d for External Or8anisations OfferingslGifts- passed to External Oryanisations B•l•Ke c¥rfed f¢xwud 416 Trln Balance browforwwd last ￿ar Offeriny/Gifts- received for Extemal Oryanisations OfferlngslGlfts- passed to External Organisations Balance c¥rledfww¥d 626) Vlctorla P•* Bal•Ke brO￿ht1￿¥*d from last yew Offering5/Gifts- received for External Organisations Offerings/Gifts- passed to Extemal Oryanisations Balan￿ cxrfed forwwd IfA3 2,4671 L737 Winton Baltm bro￿ht forw*d from last ￿ar Offerings/Gifts- received for Extemal Or8ani5ation5 OfferingslGifts- passed to Extemal Orzanisations Balan￿ (*rfed for4*ard LC49 {1,8561 L252 Page 29 of 31 BOURNEMoufH MEfHODisrs ACCOUNTS FOR THE YEAR ENDED 31" AUGU￿ 2024 19. Volunteerj Every entity Iconnexlon, Dlstrlct. Circult, Church) wlthln the fv￿th￿15t Church In Great Brft4lrT 15 heavlly rEllant on volunteers who contribute theirskill& time and money in tho furthÈrantÈ of th@ Work of thp ch￿￿h Wo are 8rJteful to all of thetn fortheir help ènd commrtrnent. ND attempt has been made tyihe Church to value the non- monetsry contriknlonsto the Chuvrh in mDnp.taryt•.mis al. Recondl*lM af rnt Income & expe￿ to net (ash Ilowfrom oper*lry xtmlles 2024 2023 Net Movement in funds perSOFA 51,3 29,31 Interest receivable Depreciation of tangible fixed assets Galn l Loss on investn*nts De¢￿aSe in stc Increase In debtors (Decrease) In credltors 129.6921 117,159} 4.37 1517011 13521 I￿.591) IS5021 Net cash flow from opETrting artlvitles These accounts are compliant with FRS102 and wlth FRS102SORP 2)19. 125,0571 8.550) Page JO of 31 BOURNEm0￿H m￿HoD15[5 ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2024 2L W•leom• Inn Café •VlctNla 2024 2024 InrAJmo Café income DDnaiign5 1455 Dorset Community Grant L4 7165 59,1 Eynses Food & DrFnks Wages linc. pens1￿ rnstsl Other sundrfes InG de￿Ing & moblle phme a￿5 Small Equlpmtnt Kennett Coffee Equipment hire 17.83 49.601 42 67 63,3 14,2(YJ NEf EXPENIXTURE IL7f RecondllatloTh to fund nK)vements. No* 161n the actow Designated Funds- M55ion Café Restrided Funds- Café Development Restricted Funds- Café Bank account Total Welcome Inn Café Funds at 31st August 2024 35.749 92,849 Cafe MS51￿ ttpnin8 balance at 1st September X123 Café wages patd by BPKduring the year Other expenses pad by duringthe year Transfeifrom A. Ci*)( Vé"5gon Fund Sub-totsl Debtor- 8Mtfrom Poole W Qrojlt BMCC•fé Mlssl¢)n F￿d doslry bj1•￿• •t3tstAwst3J14 I49.￿1) {ts41 5.749 Cafe development openiry balan￿ at I September 2023 Grant re￿Ived from IBFCC Choir cOn￿rt donations. Vlinton Ref urbishment expenses i.e carpet etc C•fe development Fund doslr¥ ￿an¢* It 31AiwtXA4 343 WeSmmÈ Inn café opening bank actount balan￿ It 3lstAugust 2023 Income debtors at 315t Au8USt 2023 Wèlcome Inn openin8 balance at 3tstAu8u5t X123 Café income Dorset Community &ant Café expenditure Welcome Imi c￿ knkxcOwrt¢l(￿￿8 b•l•io •t3tstAwa724 L315 70.202 1,4Y) Total Welcome Inn Café Funds at 31st Au8USt 2024 134718 Page 31 of 31