METHODIST EVANGELICALS TOGETHER Charity No. 1196407
REPORT for the year ended 31 August 2023
Legal and Administrative information
The organisation is a charitable incorporated organisation registered with the Charity Commission number 1196407.
During the period the principal Trustees and officers were:
Rev Dr David Hull - Chairman and Trustee
Miss Lynn Petersen - Trustee (resigned 31 December 2022)
Rev Gareth Higgs – Trustee
Mrs Elizabeth Miller - Trustee (appointed 1 January 2023)
– Rev Chris Briggs Trustee (appointed 29 May 2023)
The Executive Committee (which includes the Trustees) has met twice, in October 2022 and May 2023 to set the policy of the organisation, with several ad hoc conversations also taking place. All the Trustees are volunteers.
Trustees are proposed from the Executive and nominees are presented to the AGM, with a reasoned statement, for approval. Trustees are appointed for a term of three years beginning 1 January and eligible for re-election once, and beyond that only by special resolution of the AGM. Elections are held at the AGM preceding reelection. An AGM was held on 29 May 2023.
The principal office of the charity is 50a Castle Road, Newport, Isle of Wight, PO30 1DP.
Objectives, Activities & Achievements
Methodist Evangelicals Together (MET) stands for the following core purposes and objectives:
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Upholding the Authority of the Bible
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Seeking Spiritual Renewal
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Praying for Revival
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Spreading Scriptural Holiness
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Emphasising the Centrality of the Cross
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Encouraging Evangelism through Relationship, Prayer , Word and Action
During the year, the Trustees and Executive Committee consulted with the membership about possibilities for a fresh focus on prayer for revival for the coming years, culminating in a conversation at the AGM. This broad approach was adopted by the AGM and further work continues with a view to finalising these arrangements.
MET employs a part time Administrator, Mrs Marian Izzard.
The charity produces a magazine, MET Connexion, three times a year. Mrs Izzard is also the Editor of the magazine, a paid role separate from her administrative duties. MET organises three annual conferences: REVIVE (a Prayer Weekend) , Digging for Treasure (a day’s teaching on expository preaching) and Equipping for Ministry (a
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weekend for probationary ministers and ministers with fewer than 5 years’ experience). Various books and Bible study guides are produced for sale.
The website is kept up-to-date at www.methodistevangelicals.org.uk, and we have two Facebook pages, one for members only and the other for public information.
The public benefit is the advancement of the Christian religion in accordance with clause 4 of our constitution.
Funding
The charity is funded by its members who pay an annual subscription and through additional gifts from its members and supporters.
Financial Outcome
For the year ended 31 August 2023 there is net cash surplus of £19,317 (period from 4 November 2021 to 31 August 2022: £3,183). At the year end the balance in unrestricted funds was £69,515 with a further £24,858 held within restricted funds.
The reserves policy is reassessed annually by the trustees and is to retain sufficient balance within unrestricted funds to close the charity, currently estimated to be £10,000. As at 31 August 2023, surplus reserves are held for future years to fund a new ministry post in the absence of grant income.
It is currently policy to retain at least £2,000 within the Donald English Young Scholars Fund and to reduce the balance to that level over the next few years.
David Hull
Chairman
26 January 2024
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METHODIST EVANGELICALS TOGETHER
Charity No. 1196407
RECEIPTS & PAYMENTS ACCOUNTS for the year ended 31 August 2023
| RECEIPTS Annual Subscriptions Donations Video production income (WHOTWAY) Development Worker appeal Director of Ministry appeal Marriage & Human Relationships appeal Rising Generation appeal Conferences: - Equipping for ministry - Prayer conference - Digging for Treasure - Online conferences Income tax refunds Sales of literature Interest Income DEYSF Income Donation from Methodist Evangelicals Together (Charity number 298087) Sub total Asset & Investment sales Total receipts |
Unrestricted funds Restricted funds Total funds 4 November 2021 to 31 August 2022 £ £ £ £ 24,626 24,626 21,423 17,901 17,901 15,876 35 35 1,075 12,807 12,807 105 0 3,210 700 700 400 0 0 5 7,243 7,243 7,918 185 185 791 0 85 8,064 2,427 10,491 6,575 844 844 1,388 2,049 2,049 246 105 105 12 0 71,874 60,912 16,074 76,986 130,983 0 60,912 16,074 76,986 130,983 |
|---|---|
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| PAYMENTS Administrative Expenses Executive Expenses Advertising and Publicity Computer and Website Expenses MET Connexion Legal and Professional Development Worker (Interim) Costs of Employment Marriage & Human Relationships Expenses Tithe AWE Expenses Conferences: - Equipping for ministry - Prayer conference - Digging for Treasure - Liverpool 200 - Other conferences Benevolent Expenditure Items for Resale Subscriptions and Donations Bank charges and similar expenditure Other Sub total Asset & Investment purchases Total payments Net receipts/(payments) Transfers between funds Cash funds last year end Cash funds this year end |
Unrestricted funds Restricted funds Total funds 4 November 2021 to 31 August 2022 £ £ £ £ 14,962 14,962 8,517 6,188 6,188 1,971 2,532 2,532 1,348 2,210 86 2,296 1,367 10,886 10,886 7,315 99 99 21 4,319 49 4,368 14,288 952 952 0 0 14,690 6,100 6,100 0 80 80 1,434 0 0 37 37 119 6,853 6,853 78 813 813 0 0 3,830 0 46 0 150 548 548 34 280 280 204 345 345 199 330 330 316 57,534 135 57,669 55,927 0 57,534 135 57,669 55,927 Unrestricted funds Restricted funds Total funds 4 November 2021 to 31 August 2022 £ £ £ £ 3,378 15,939 19,317 75,056 0 0 0 0 66,137 8,919 75,056 0 69,515 24,858 94,373 75,056 |
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| CASH FUNDS | Unrestricted | Restricted | Total funds |
At 31 August |
|---|---|---|---|---|
| funds | funds | 2022 | ||
| £ | £ | £ | £ | |
| Virgin Money (Clydesdale) | 30,343 | 0 | 30,343 | 13,176 |
| Central Finance Board of the Methodist Church | 39,172 | 21,730 | 60,902 | 58,857 |
| Donald English Young Scholars | 0 | 3,128 | 3,128 | 3,023 |
| Total cash funds | 69,515 | 24,858 | 94,373 | 75,056 |
| STATEMENT OF ASSETS & LIABILITIES | ||||
| ADDITIONAL NOTES | ||||
| Liabilities | ||||
| The charity has no commitments as at 31 August 2023. | ||||
| The charity had two employees for the period of these accounts. | ||||
| Summary of movements on funds | Balance at | Income | Expenditure | Balance at |
| Unrestricted & Designated Funds | 31/8/22 | 31/8/23 | ||
| General Fund | 64,816 | 60,912 | 57,534 | 68,194 |
| WHOTWAY Designated Fund | 1,321 | 1,321 | ||
| Total Unrestricted & Designated Funds | 66,137 | 60,912 | 57,534 | 69,515 |
| Restricted Funds | ||||
| Development Worker Fund | 0 | 49 | 49 | 0 |
| Marriage & Human Relationships Fund | 1,000 | 1,000 | ||
| Rising Generation Fund | 4,791 | 850 | 86 | 5,555 |
| Director of Ministry Fund | 105 | 15,070 | 15,175 | |
| Donald English Young Scholars Fund | 3,023 | 105 | 3,128 | |
| Total Restricted Funds | 8,919 | 16,074 | 135 | 24,858 |
| Total Funds | 75,056 | 76,986 | 57,669 | 94,373 |
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Methodist Evangelicals Together members of On accounts for the year 31 August 2023 Charity no 1196407 ended (if any) Set out on pages 3 to 5
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2020.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 4 April 2024 Signed: Name: Neil Harland Relevant professional FCA qualification(s) or body (if any): Address: 71 Farquhar Road Birmingham B15 2QP
October 2018
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IER
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Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
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IER
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