CHURCH RECEIPTS AND PAYMENTS ACCOUNTS # THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS The Triangle Community Methodist Church FOR THE YEAR ENDED 31 August 2024 ## Registered Charity - Charity Registration number **----- Start of picture text -----**
1174435
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If not a registered charity His Majesty's Revenue and Customs Gift Aid number (The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) ## Minister: ## Red Robert Kasema **----- Start of picture text -----**
Heather Laycock Alan Jermyn
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| Treasurer: Fiona Gorton Church-receipts-and-payments-2024 1 of 5 Church ## ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 ## The Triangle Community Methodist **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Totals|this|Totals|last| |SECTION A|Funds|Funds|year|__-year| |atjoee|;| ||RECEWPTS|ee ee||| |Bank|and|CFB|interest|and| |«a|3|Offerings|Investment and Taxincome recovered|fF|623|,|843619|1,152|63,996|56.589!2,306| |ad|uettings|e’|[=|]|20,746|| |____| |26|[[TOTAL RECEIPTS]|Other receipts|ee|132,588]eeeeee1,152]|133,687| @7)][_126.47846,837| |SECTION|B| |PAYMENTS| |Circuit Assessment or Share|||3,290|||73,299|58,639| |b3|Donations|||S||tone]||||0,836|7,600| |Repairs and Maintenance|P|15,928fe ||45,928|13,414| |Utilities|(Insurances,|water| |b5||charges,|heating|&|lighting|24,137|24,137|17,164| |lbs |TOTALOther payments PAYMENTS|||||,146,027c27|__22,399146,600] (b9)}|1|2|40|,|080898| |SECTION|C| |NET|RECEIPTS/PAYMENTS| |C1||FOR|TH|AR|a6-b8)|13,492|5,580| |Total|funds|brought|forward|from| |co|[last|year|61,480|55,900| |Sub|total|c1+c2|13,492)|48,568|61,480| |Transfers and adjustments|a| |TOTAL FUNDS AT END OF YEAR|(c3+c4)||(13,492))—|~~|580]]|48,568]|(c8)|]|61,480| **----- End of picture text -----**
## SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS **----- Start of picture text -----**
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |(these|amounts|are|not|to|be|included|in|total|receipts/payments|figures|above|£|£| |Balance|brought|forward|from|last|year| |Offerings/Gifts|-|received|for|external|organisations|2,319| |Offerings/Gifts|-|passed|to|external|organisations|2,579| |aa BALANCE STILL TO BE PAID|(d1+d2-d3)|Sy| **----- End of picture text -----**
2o0f 5 Church-receipts-and-payments-2024 The Triangle Community Methodist_ church | ## SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTING TO THE CHURCH COUNCIL **----- Start of picture text -----**
SECTION E Please follow the Guidance Notes to complete this page
Summary of the Church accounts for the year ended 31 August 2024 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an
Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed
to arrive at the gross income and expenditure totals of the Church. If gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A
DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected
District Organisations.
INTERNAL ORGANISATIONS Receipts Payments irPaymentses Adjustments balances Closingmre banebalances
0 | Oe QO
FS| Oe OO
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0 | Oerd EEOe
Fk | Oe Oe 0 Gs Ge
e& |Organisationsafunds 2,670 3,337 667 ea]|__aom4,938
Church accounts (totals
brought forward from page 2
9 |- totals column) (a7) 146,600) (b9) 61,480 48,568
OTA ASH FUNDS H D
ference |L__saaasr_||__ tenor] L__ensro] |___ 67,085] [w] [|]
Continue on a separate sheet if TOTAL
necessary and bring the totals | TOTAL RECEIPTS PAYMENTS
forward
5 SSS SSSSSSSSS SSS SSS SST
STATEMENT OF ASSETS AND LIABILITIES
OPENING CLOSING
CHURCH - CASH FUNDS HELD at 31 August 2024 BALANCES BALANCES
Bank Current Account 15,693
[srk Depost Acro | |
Central Finance Board 39,257 32,876
Trustees for Methodist Church Purposes | |
SUB TOTAL - Church accounts 61,480 48,568
Total funds held by Internal Organisations (the closing
{8 |balance total from above) (e12) (e11) 4,938
TOTAL CASH FUNDS HELD BY CHURCH 67,085 ame
SSS ————————— a
SECTION G At At
OTHER ASSETS and LIABILITIES 1 September 2023 31 August 2024
a Investments (include Endowments) 45,104 47,334
Land & Buildings (see notes re Insurance value 2,672,863) 2.797 327
A Other Assets | | |
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{4 Include only Funds held at the Central Finance Board f5 Include only Funds held at Trustees for Methodist Church Purposes gi Include any other investments (not the cash element of TMCP trusts accounts this is included in line (5 Chusch-receypts-and -payments-2024 Jot 5 Name of Church: Triangle Community Methodist Church No: 1174435 ## Declarations and Scrutiny | confirm that these Receipt and Payment based accounts for the year to 31 August 2024 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. ## Signature of treasurer pee eee ## Date....fC 22720. Name and address of treasurer Fiona Gorton, Makants Farm, Blackburn Road BOItON.......... cece eeeeeeeeeeeeesteeeeetttsersstseessttsssesseee POSt Code...BL1 7LH ## Presentation to the Church trustees | confirm that the annual report and accounts for the year ended 31 August 2024 were/will be* presented to the meeting of the Church trustees heldon Ata reaonsoS Signature of the Chair of the meeting ...........N..U|{....... LOT cece cece ceee ce eeeeeeeeeaeeenees Name of the Chair of the meeting ...Revd Robert Kasema Date ..\!:2° 25 ## Independent Examiner’s Report to the Trustees of the ## Triangle Community Methodist Church ## Charity Number 1174435 ## Responsibilities and basis of report | report to the trustees on my examination of the accounts of the Triangle Community Methodist Church for the year ended 31 August 2024 set out on pages 2 to 3. As the Church's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). | report in respect of my examination of the Church's accounts carried out under section 145 of the Act and, in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. * delete or circle as appropriate Church-receipts-and-payments-2024 4o0f5 Name of Church: Triangle Community Methodist Church No: 1174435 ## Independent Examiner's Statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which give me cause to believe that in, any material respect: - e the accounting records were not kept in accordance with section 130 of the Act; or e the accounts do not accord with the accounting records. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. | have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner fhe Name of independent examiner ........1 ETEK... HASCAM co cccccececscsseesesestseseeeen Relevant professional qualification of independent examiner ..4.¢MA..,.MAAT. 0c. Name of firm (where appropriate) ......-FLASLAM..FIMANSVAL SERVICES.GT Reece. Address 1.2.2.0 2.0... MEW SHUBSH KOPP ce BOOM cece oc ccesucusteceisescussestssettssttsssetssssstesssstsestssutetsiteeseseee Post Code ALI 58F.. Date .. Free. Dec Abe... 228K a, - delete or circle as appropriate Form Reviewed Aug-24 Church-receipts-and-payments-2024 5o0f 5 ## Report. on behalf of FC . . ____ The TriangleCommunity (*Church[Council/][Circuit][Meeting/District)] MethodistChurch _ - To — Colton (*Circuit Meeting/District) Circuit - We submit our annual report in accordance with the (iii) We have agreed a Reserves Policy which is requirements of the Methodist Conference and the set out overleaf and is recorded in the Charity Commission guidance in CC19. trustees’ minutes and our Annual Report (1) The trustees have established their mission (iv) We recognise the need to be accountable as aims taking into account all of the resources charity trustees for all the money which comes available in terms of people, property and into our hands and will provide further money information as required by the - (ii)7 | Missionaeinitiatives/projects. have been costed Circuit/District/Connexion or estimates made of projected future costs (v) Our Report is attached overleaf which take into account the needs of the ———» buildings and the requirements of the * please delete as appropriate Quinquennial Inspection Report/s **----- Start of picture text -----**
To be completed by Receiving Body
| pe
| The |
*Circuit Meeting/District received the RESERVES POLICY of
|a
|*Church Council/Circuit Meeting/District
| Policy. accepted and acknowledgement sent to the trustees ry_YESLJ/NOLee cee}
| Policy noted and the following enquiries made of the trustees
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‘Respoa n sesdanyfurtheract received i ontaken sssi—i—‘“—sSs—sSSS
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“CircuitDistrict
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* Please delete as appropriate
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| | | ## RESERVES POLICYof ## The TriangleCommunity Methodist Church (*Church Council/ 1, GeneralFunds held at Y/E 31/08/24 | £81,607
(2. RestrictedFundsheld "£10,485 a
(3. _EndowmentFundsheld“ —<“—ts—s—sCCSCCCC‘zC KE Y7H#BO
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4. Reserves policy for General Funds || We have considered our mission plans for the future, and the maintenance costs of the buildingas it reaches its 10" birthday, along with our Circuit Assessment. We have concluded that we should aimto hold around 6 months of expenditure in General Reserves, which would currently be £70,000-£75,000. At present, General Reserves are slightly above this level, but as Church Council has agreed a deficit budget for the year 2024-25, and taking the boiler replacement into account, we would expect to be within this range by the end of the next financial year. Restricted Funds are held as follows: | 5. Policy for Restricted Funds | Fund for support of the Mayaka family refugee children £5,276 | Benevolent Fund £1,154 Funds relating to the Halliwell Church Drama Group £1,369 | Funds for Youth Youth and Childrens’ activities £2,106 Funds towards 3Generate trip £580 **----- Start of picture text -----**
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| Benevolent Fund £1,154 | Funds relating to the Halliwell Church Drama Group £1,369 | | Funds for Youth Youth and Childrens’ activities £2,106 | Funds towards 3Generate trip £580 6. Terms relating to Endowment Funds held - . Interest can be used for the General Purposes of the Church. If considered necessary for the work of the | | church, and agreed by 2/3 majority of Church Council, the capital can also be released for this purpose. | **----- Start of picture text -----**
This Reserves Policy has been approved by | The Triangle Community MethodistChurch ids
fo a
(*Church Councill<|/Circuit Meeting|_|/District|_|)
Treasurer OO Trustee
Full name Fiona Elizabeth Gorton
| Full Name Le QRER V4 AUG™M ne
Signature 7 Signature | <<
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