SHERWELL UNITED CHURCH
PLYMOUTH & DEVONPORT CIRCUIT
FINANCIAL STATEMENTS FOR YEAR ENDING 31ST AUGUST 2024
Charity Number 1173365

Sherwell United Church
Plymouth & Devonport circuit
Financial statements for year ending August 2024
Contents
Page
Reference and administrative details
Trustees report
Independent examiners report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-12

Sherwell United Church, Plymouth & Devonport circuit
Reference and Administrative details for year ending August 2024
Principal address
Sherwell United Church
North Hill
Plymouth
Devon
PL4 8ER
Minister
Rev Alistair Lowe
Independent examiners
David A Summers
3 Sherford Crescent
Elburton
Plymouth
PL9 8DU
Principal Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
page I

Sherwell United Church, Plymouth & Devonport circuit
Trustees Report for year ending August 2024
Sherwell United Church submit their annual report and financial statements for the year ending
August 2024. The Trustees have adopted the provisions of the Statement of Recommended
Practice
(SORP) 'Accounting and Reporting by Charities, effective l January 2015, in preparing the Annual
Report and Financial Statements of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The General Church meeting, meets regularly during the year and all mejor policies and decisioNs
recommended by the Trustees are brought to thi5 meeting of the whole church for final decisions
to be made.
The Trustees/Elders of Sherwell United Church comprises:
Minister-chairperson
Church secretary
Church treasurer
Church Stewards
All Appointed representatives of the church with a minimum of 8 Trustees/ Elders.
OBJECTIVES AN D ACTIVITIES
Sherwell United Church- Mission Statement:
To Reach up, To reach Out and to Reach in with hope and love
Sherwell United Church- Vision Statement
To be a church where all people feel supported in every area of their lives and to be seen a5
relevant by those it serves. We are a community of believers who have a heart for God and are
living with the purpose of sharing that God with others.
ACHIEVEMENTS AND PERFORMANCE
This year as been very busy with new thing happening with the church. Warm Welcome
Wednesday has been a great success and we cater for 20-32 people for lunch. There is a good
mixture of people who come into the church for this outreach. We have continued to welcome
into membership people from Trinity United Reform Church who have decided to settle at
Sherwell and our average Sunday attendance is 55-60. Our lettings have increased over the year,
with other churches using our building as well as people hiring for parties and events. Our location
means that we also get the university hiring the building when they don't have enough room
themselves.
Page 2

Sherwell United Church, Plymouth & Devonport circuit
Trustees report continued- year ending August 2024
FINANCIAL REVIEW
Sherwell has a current account with CAF bank. Despite increases in utilities we are managing to
keep our heads above water. The book keeper helps us stay on track although unexpected
expenses do occur especially with a listed building. Unfortunately this year has seem some
structural failings of the building so there needs to be some major work done. A surveyor has sent
a report and we await costings so that we can apply for grants to help with this expense.
RESERVES POLICY
Sherwell United Church reserve policy is to hold one years annual expenditure in reserve.
INVESTMENT
Shenmell United Church has a current bank account with CAF Bank Ltd, it has an account with the
central Finance Board and Trust funds with TMCP and the URC.
OTHER POLICIES
The Trustees, regularly review risk assessment policy along with evacuation procedure and health
and safety policy. A fire risk assessment has taken place and we will be looking at a Legionella
assessment this year.
FUTURE DEVELOPMENTS
The church has been used more in the last year for mission work, with 'silent worship, discos. Also
Immersion, which is a 360 degree visual area where films are projected, with coffee and
discussion afterwards
Approved by the Trustees and signed on their behalf
Rev Alistair Lowe
Minister
Page 3

Re ort ol the Inde
Adent Examiner to the TrusteÈs of the Shèrwèll United Church
This report is on the Church Accountsforthe year ended 31 August 2024 which are set out on
the following page5, carried out under Section 145 of the ChaEitie5 Act 2011.
Res
Ive res onsibllitles of
rustees and examlner
The tharity's trustee5 are responsible forthe preparation of the attounts. The Charity Trustees
consider that an audit is not requirèd forthisyear under Section 144 of the Charitie5 Act 2011
(The CharitSes Actl and that an independent examlnatSon Is needed.
It is rny responsibility to..
examine the account5 under sertion 145 of the Ch3ritiÈs At¢
follow the procedure5 laid down in the general directions given by the Char>ty Commlsslon
under settlon 14515llbl of the CharitiesArt, and
state whether pèrtieular matters have come to my attention
Ba515 of the inde
ndent examineT'5 re
My examination was carried out ITr accordance with the general directions given by the Charty
Commissrtsn. An examination includes a review of the accounting records kept by the charlty and a
comparison of the accounts presented with those records. It also inclltdes conslderatlon of anv
unusual items or disclosures in the financial statements. and seeking explanations from the trustees
cOn￿r￿1n8 any such rHatters. The procedures undertakers do nDt provide all of the evidence that would
be required in an audit ènd consequently no opinion is gwen as to whether the account5 present a
"true and fair view" and the report is limited to those matter5 Set out in the statement below.
In connectlon wlth my examlnatlon, no matter has corne to my attention=
which gives me reasonable cause to believe that. in any material respert the reouirernents=
to keep accounting records In accordance wlth section 130 of the Charitie5Att,' and
to prepace accounts whlch 3ccord wlth the accounting records and to tomply
with the accountin8 requ1￿ments of the CharitiesAct
have not been met; or
to whlch, In my oplnlon, attention should be drawn in order to enable a proper understanding
of the financial statementsto be reached.
Davld A Summers, Accountant
3 5herfard Crescent
Elburton
Plymouth
PL9 80U
David A Summcrs
29 January 202S
Accwnlant aTrl TaXatm￿ C¢n5U
Of7￿•9117
2 9 JAN 2025
3 Sh•rtord Cv•5¢4rt
EI￿rt￿ pty1￿￿th PL9 8DU
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SHERWELL UNITED CHURCH
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED
31 August 2024
Registered Charity - Charity Registralion number 1173365

Sherwell Untted Church
Receipts and Payments kGount for the yvar ended 31 August 2024
2023124
2022123
GENERAL
RESTRICTED
TOTAL
TOTAL
Note
RECEIPTS
Cc41ections not including Gift Aid
Tax recovered under Gift Aid
22,330
3.742
22.330
3,742
26,072
3,619
100,464
7,825
1,064
1,205
618
140.867
17.641
4.572
22.213
2.380
91,460
7,144
612
11.138
595
135.542
26.072
1391
100,464
7.825
Donations
Propety lettings
Interest and Investment Income
Fund Raising
Other receipts
Intemal Organisations
Sub Total General Funds
228
1.205
618
140.021
Colledions for extemal organisalions
TOTAL RECEIPTS
573
1,419
573
141.440
400
135.942
140,021
PAYMENTS
Circuit assessmentlshare
Methodist
U.R.C.
Property costs
Church repairs
and maintenance
Caretaking and cleaning
Insurance
Utilities
41,011
1,925
41.011
1.925
45.771
2.100
10,605
8,137
6.530
13,478
17,345
27.950
8,137
6.530
13.478
32,783
7.129
5,829
10,700
38.750
Adminlstrallon
10
21,003
21.IJ03
16.036
Donations - Methodist
Donations - Olher
13
14
490
490
490
17,896
Other payments
Intemal Qrganisations
15
211
18.107
545
139.176
14.663
154839
15.738
571
136.657
2,202
138,859
121,075
1,252
122,327
18,101
13,411
31,512
Capital Expenditure
Sub Total General Funds
Collections passed onto extemal organisations
573
513
400
TOTALPAYMEtrirs
122,327
31085
154.412
139,259
Net Income (expendlture) for the year
Transfers btheen funds
G8inlLr)88 on reali8ation of investments
Total funds in hand at 1st September 2023
17,694
18
40.666
-12.972
-3,317
50,596
83,248
42,069
125.317
78,038
TOTAL FUNDS IN HAND AT 31 August 2024
100,960
112.345
125,317

Sherwell United Church
Notes to Flnanclal Statements to 31 August 2024
1 Basis of preparation of financial statements
These financial statements have been prepared on the historical cost receipts & payments basis of
accounting- In accordance with Statement of Recommend￿ Practice (SORP2005)
and Charities Act 2011 and Ihe aC￿UntIng regulations of Ihe Methodist Churth.
Funds
The Funds held Gonstilute: General Funds held for any purpDse of the Church which are unrestricted,
Restricted funds which are held for held for a narrower purpose. Details of retricted funds are set out
in note 15.
Accounting Policies
Income
Exponditure
Income is induded in these accounls when received.
Expenditure is recognised vthen paid.
The Church aims to keep reserves amounting to one years runnlng costs.
2024
Totsl
2023
Total
2 Offortory
GOI￿ra1
Restricted
General
Restricted
Collectlons
Standlng orders
Gift day
9,595
12,735
9,595
12,735
7,676
9,134
831
7,676
9.134
831
22.330
17,641
17,641
3 Donations
General
Restiicted
Totsl
General
Restricted
Total
Leg8CIOS
General
2.050
330
2,050
330
3,391
228
3,619
3,391
228
3,619
2,380
2,380
4 Rents
Genprnl
Restricted
Total
General
Reslri(aed
Total
Room hire
Ri)oms lease(I
Car park
North Road
44,751
12,252
2,940
40,521
100.464
44,751
12,252
41,739
6,250
7,8S5
35,606
91,460
41,739
6,250
7,865
35.606
91,460
40,521
100,464
S Investment income
General
Restricted
Total
General
Restricted
Total
Trust Income
Dep)sit account
2,301
5,524
50,596
52.897
5,524
3,431
3,713
3.431
3,713
50,596
58.421
7,144
7,144
6 Fund ralslng
General
Restrf¢ted
General
RestrFcted
Total
Sate of 8ooks
Coffee
310
754
310
754
332
332
280
1,064
1.064
612
612

Shorwell Unlted Church
Notss to Flnancial Statements to 31 August 2024
2024
Total
2023
Total
7 Other receipts
General
Restricted
General
Restricted
Insurance clam
Grant inrxjme
Funeral fees
11,138
11.138
1,000
205
1,000
205
1,205
1.205
11,138
11,138
8 Internal Organisations
Openlng
Balance
Transfor
to Church
Closing
Balance
Recolved
Pald
Card Stall
Flower Ministy
46
26
18
600
-18
46
81
$45
618
545
-18
127
9 Collectlons for External Oryan15atlons
Openlng
Belance
Trnnsfer
to Church
Ck•slng
Balancè
Received
Paid
Children's Society
Christian
132
132
441
573
573
10 Admlnlstration
Generdl
Restricted
Total
General
Restricted
Total
Salaries
Cknl(xl Assistan
Bookkeeping
Travel Expenses
Professional F￿9
Cost of Church Sep4iC8S
Stationery& Printing
Tel8phone
Postsge
Muslc
Legal fees
Mlscellanews
Bank Charges
Training
7,850
2.280
3,555
208
396
7.850
2.280
5,775
1.800
4,652
580
465
913
619
16
813
5,775
1.800
4,652
208
396
980
465
913
619
16
813
699
3,360
392
61
540
699
3,360
392
343
60
343
540
21,003
21,003
16.036
16.036
2024
2023
11 Employees
The church had an average of 2 part time employees (0.2 of full time) during the year (2023: 1). Totsj emoluments were:
Salaries (included in Cleaning)
Salaries (included In Clerical Assistance)
971
3.684
3,822
EmployErfs Nallonal Insurance
Employers Pension Contributions
3,822
The church has a defined contribution penslon scheme. No contributlons were made in the year

Sherw811 United Church
Notes to Financial Statements to 31 Augugt 2024
12 Payment5 to trustee5
During the year. one trustee provided services to the charliy for whlch they re￿IVed remuneration.
This amounts to £4.148 included in Administration.
2024
Total
2023
Totsl
13 Donatlons
General
Restiictod
General
Restricted
Methodist Charities
14 Donatlons
Other Charftles
Church of England Children's So
490
490
490
490
15 Other Payment3
Expenses N(Yth Road
Calering
Outreach expenses
Benevolent fund expenditure
16.667
473
756
16,667
473
756
15,424
314
15.424
314
211
17.896
211
15,738
15,738
16 Restrfcled Funds
Balanc8 at
119123
Incon
Exp8nditure Trnnsftts
Balance at
3118124
Coldman Trust:
Layworker
4,832
4,832
Other reslricted funds
Sale of Manse 2
Sunday Sthool
Music
Organ
Benevolent
Total other
31,798
1506
485
30,756
1.042
2,506
1.143
1.250
6.426
1,233
37,165
228
228
211
30,967
Total R96tiicted Funds
41.997
228
30.967
11,258
17 Capitsl CommitmeTrts
Capltal commitments £nll12023 £nil)

Sherwell Unlted Church
Notes to FlnanGlal Statements to 31 August 2024
18 OTHER ASSETS
A Ganeral Fund Tru818
TMCP
Sundry
Bequest
63,302
URC
Generdl
Trust
Totsl
Balance bfvd
27.997
91,299
Income received
Additional deposit
Change in value
2,007
862
2.869
4.574
432
97,600
27.717
Withdravm
Expenses
Income paid over to Church
180
2,688
94,732
1,826
67,877
862
26,855
The Church can use the capital and income of these trusts. The thurth received £2.688 in¢orne
from these twsts last year.
Restiicted Fund Trusts
Trusts
Totsl
Reslrlcted
Trusts
Sah of
Property
Sale of
Manse 2
Balance bl
Income received
Change in value(unrealised)
112,096
6,0
158.540
7,486
-1.894
164132
1.430
-1.894
45,9811
118,162
Transfer to Restrlcted funds
Expenses
Income paid over lo Churth
319
319
1,430
162,383
1.430
44,550
117833
The Methodist Church has decided that the saie of Propety Trust can in addition to major propffjl
wrchase or repair now be used for personnel Gosts.
The Sale of Manse Trusts arise from the sale of a URC Manse. The capital can be used for major
Froperty repairs or repla￿ment of buildings. The ints)me can be used for general church purposes.
2024
2023
3 Fumiture. Organ & Other Equipment (8t insured value)
390,665
348,807
4 Property
The property occupied by the churd) is vested in Untted Refonn Churth Trnstees
The freehold propety 150 North Road East Is held for Investment purposes.
its insur8d valu8 is-_
586.126
837,323
The insured value of18ndlords ffttings is
34,677
33.263

Sherwell United Church
Balance Sheet at 31 August 2024
2024
2023
Summary of Funds at 31 August 2024
Note
General
Restricted
Total
Total
General fund
100.960
100.960
83,248
Restricted Funds
CollectiDns not paid over
Intemal Organisations
16
11,258
11,258
41.997
127
127
72
TOTAL FUNDS HELD
100,960
11,385
125,317
Summaryof how funds held
Balances at Bank and in Hand
Deposit accounts
Current accounts
Cash in hand
62,652
38.125
183
11,258
127
73.910
38.252
183
68.457
56,775
100,960
11,385
112,345
125.317
TOTAL FUNDS HELD
1011960
Id,385
112.345
125,317
Mrs J Mortimore. Treasurer
Approved by the Church Council on