## **Trustees’ Annual Report for the period** **From: 1 September 2022 To: 31 August 2023** **Charity name: Grange Methodist Church** **Charity registration number: 1198002** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
Summary of the purposes of Para 1.17 The governing document is The Constitutional
the charity as set out in its Practice and Discipline of the Methodist Church
-
governing document (CPD). See: https://www.methodist.org.uk/for
churches/governance/cpd/
The purposes of the Methodist Churchare and
shall be deemed to have been since the date of
union the advancementof
a)the Christian faith in accordance withthe
doctrinal standards and thediscipline of the
Methodist Church;
b) any charitable purpose for the timebeing of any
Connexional, district,circuit, local or other
organisation ofthe Methodist Church;
c) any charitable purpose for the timebeing of any
society or institutionsubsidiary or ancillary to
theMethodist Church;
d) any purpose for the time being of anycharity
being a charity subsidiary tothe Methodist Church.
Summary of the main Para 1.17 and We believe we are called to be a church where
1.19
activities in relation to those people of all ages and backgrounds are
purposes for the public supported in:
benefit, in particular, the  loving and serving God;
activities, projects or services  loving and serving our neighbours, both local
identified in the accounts. and global
 growing and sharing faith
We offer Methodist Christian worship, fellowship,
service of our community and outreach, in
Grange-over-Sands, Cumbria and beyond.
Statement confirming Para 1.18 This guidance has been provided to the trustees.
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
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**Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
Para 1.20 Main achievements of 2022-3:
**----- End of picture text -----**
|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**| |---|---|---| |SORP reference||| |Summary of the main|Para 1.20|Main achievements of 2022-3:| |
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.||
“Journey to Christmas” (December 2022)
and “The Knitted Bible” (July 2023)
exhibitions took place in the church,
attracting many visitors including local
residents, schools and visitors to
Grange. These were great outreach
opportunities, introducing people to the
Bible and also encouraging them to think
about their own attitudes and beliefs.

Monthly Repair Cafe was started, staffed
by volunteers from the church, Peninsula
Environmental Action Together (PEAT)
and the Grange Men’s Shed. Its aims
are to stop broken items being sent to
landfill, to teach repair skills and to
provide a welcoming space to meet
friends whilst items are being repaired.

Energy efficiency has been improved by
installing a new, more efficient boiler,
and LED lighting in the church. As an
Eco Church (bronze level) we are always
looking to reduce our carbon footprint.

The church notice boards were repaired
by the Grange Men’s Shed. These are
an important communication channel.
Because of the church’s location on a
main shopping street they are frequently
read by passers by.

The Church Council approved a budget
for charitable giving of £2,500, shared
between Methodist charitable funds,
affiliated charities and local ecumenical
groups. Collections were also made for
other charitable organisations, including
Christian Aid, Action for Children and All
We Can, raising £3,710.71. Regular
donations of food and toiletries were
collected for the Barrow Foodbank.

Fundraising continued for the church’s
“Open for Community”building| redevelopment project. 63.8% of the funding is now in place and we hope to start building work in 2024.  Church-run Baby Group has continued weekly, including during school holidays. People move on as they go back to work, but our provision is very much appreciated and we do get return visits when mums are free again. The group are very supportive of one other and exchange local, practical advice.  “Teens on Toast” teens group increased frequency of meetings to monthly. A group went to the Methodist Church youth conference “3Generate” in October 2022.  Grange Methodist Church has provided leadership to Grange Churches Together. In 2022-3 this group started to lead worship in local care homes, which is much appreciated.  Safeguarding and EDI training has been undertaken by those with positions of responsibility in the church. We regard it as a key responsibility of the church to treat everybody fairly and with respect. **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other ## **Financial Review** **----- Start of picture text -----**
Review of the charity’s Para 1.21 See attached Statement of Financial
financial position at the end Activities and Balance Sheet for the year
of the period ending 31 [st] August 2023.
Statement explaining the Para 1.22 See attached Reserves Policy.
policy for holding reserves
stating why they are held
Amount of reserves held Para 1.22 General Funds - £38,091
Restricted Funds - £241,444
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 N/A
deficit
Explanation of any Para 1.23 N/A
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uncertainties about the charity continuing as a going concern ## **Additional information (optional)** ## You may choose to include further statements where relevant about: The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||Not applicable.| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|The deed of Union (1932) and Methodist
Church Act (1976).| |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|The 1976 Methodist Church Act authorises
the Methodist Conference as the
governing body.| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed by the Church
Council according to standard Methodist
procedures. The only Trustees not appointed
in this way are the Chair (the Minister) and
the Circuit Superintendent minister, who are
appointed by the Conference of the
Methodist Church, and one Circuit Steward,
who is selected by the Circuit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Grange Methodist Church is an independent
charity but is part of the South Lakes Circuit
of the Methodist Church within the Methodist
Church of Britain Connexion.| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Grange Methodist Church| |---|---| |Other name the charity uses|Not applicable.| |Registered charity number|1198002| |Charity’s principal address|Grange Methodist Church
Kents Bank Road
GRANGE-OVER-SANDS
LA11 7EY| ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted Name of person (or body)
Trustee name Office (if any) if not for entitled to appoint
whole year trustee (if any)
1 Rev Joanna Ruth Rand Chair Methodist Conference
2 Rev Grace Cauldwell Circuit Superintendent Methodist Conference
3 Andrew Robert Lockley Trustee Church Council
4 Ursula Katharine Lockley Trustee Church Council
5 Rev Susan Margaret Nicol Trustee Church Council
Rev David William Trustee Church Council
6
Edmondson
7 Hazel Mary Edmondson Trustee Church Council
8 Peter John McPherson Nicol Trustee Church Council
Gillian Mary de Bourcier Trustee Circuit Meeting (South
9 Lakes Methodist
Circuit)
10 Ruth Marion Briddock Trustee Church Council
11 Barbara Leader Trustee Church Council
12 Ruth Webster Trustee Church Council
13 Hilda Margaret Alice Gardner Trustee Church Council
14 Carol Lamb Trustee Church Council
15 Paul Rand Trustee Church Council
16 Glenda Clark Trustee Church Council
17 Judith Mary Sharples Trustee Church Council
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved **Director name** Not applicable. Name of trustees holding title to property belonging to the charity **----- Start of picture text -----**
Trustee name Dates acted if not for whole year
Trustees for Methodist Church Purposes
**----- End of picture text -----**
## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signedon behalf of the charity’s trustees** **Signature(s) Full name(s)** Joanna Ruth Rand Hazel Mary Edmondson **Position (e.g. Secretary, Chair, etc)**[Chair ] Secretary **Date** Name of Chwch Grange Methodlst Church Cir￿it No 9114 Declaratlons and Scrutiny I confirrn that these accYu8ls*8sed accounts for the year to 31 August 2023 have been prepared from the racord8 of the Church t￿ they includo all funds under tha control of the Churd) trustees. S￿natUre of treasurer ... ...... 16/11 J.&.23.... Name and address of trea8￿Or. Paul Rand. Grange Methodisl Church, Kents Bank Road, Grarwver-sands, LA117EY Prwontafjon to tho Church tru8t088 I cx)nfim) that the annual report and accounts for the year ￿ded 31 August 2023 were presented lo Ihe m881irvJ of the Church trusle8s held on 24 January 2024. Stgnature of the Chair of the rneeting.. Name of the Chair of the m881iry.' Rev Joanrg Rand Dale.. Independent Examiner's Report to the Trustees of the Grange Methodist Church Charlty Nunkner 1198002 Responsibilities and ba818 of report I rewt to tho trustees on my examination of the &counts of Grange melhCé￿ Churc*J for the year ended 31 A￿ust 2023 set out on p8ges 1 to 10. As the Churth's truste8s, you are responsible for tho prop8ralion of the aecounts in accordance with the requirem•nls of the Charities Act 2011 {'th8 Act.). I report In rew of my 0xanlnat￿n of the Churth's 8eeounts carried (yjt under 8ection 145 of the Act arKI, in carying (xrt my examination, I havg followed all tf* applicabl8 DI￿¢110n$ given ty the Charity Commission under sectk?n 145(51{b) of the Act. Name of Church Gmgo Methodl8t Church Circxjil No W14 Independent Examln•fs Statem•nt The Church's gross income exceeded £250,OJO and l am qualffjKgd to undertake the 8X8mination by being a qualified memtor of Th8 Institute of Chartered Accountants in England and Wales. I have ￿Mplete0 my examination. I corfirm that no fflatefiai matters nave come to my attention in COn￿tiOn with the examination whi¢h give me cau88 to b8li8ve that in, 8ny material respèct". ttt8 accounting reLx)rds were not kept in acu)rdancB with s8CtKJn 130 of the Act,. or the accounts do not accord with the accourrting records, or the accounts do nol comply with the applic8b￿ requirements concerning the fom and content of accounts set out in the Chantigs {Acc(xJnts and Reports) R8gulations 2008 other than ary requir@ment that tha accounts give a 'true and fairf view, whith is not a matter considered as part of an independ￿t ex￿InatIon the trustees, annual report is not consistent wth the atxounts ' have no ccnc8ms and have come across no other matters in CAinnedion with the 8x*nination lo -which attenti￿ should te dr&wn in this report in ￿der to enable a proper understanding of the accounts to be reached. I have oblained indep8ThJent VertflrAt￿n of all investments Wlth the Trustees for Methodist Church Purp)ses or held in other trusts, bank balances and funds ai the Central Financ6 Board of the Method￿1 Church whith are lndivKIu81￿ in exces5 of £10,COJ (ten thousand pounds) al tha balence Sheet date. Signature of rKJependenl examiner Name of indeper¥Jent examiner RusBo11 Longton Relevant professional quaIrf￿atiOn of independent examiner FCA Warne of firm (wtrwe ¥propriatel NIA..............,..... Mam Kiln knusa. 9 Town End, Botton le Sarfrts. Carnfcrfh, LA5 8JF Date Nare of chU￿h C¥¢u￿ Chwty R•aL*ratKffi W 1191rm Ststemont of Financlal Actlvltlos (SOFA) for th• y•ar onded 31 August 2023 De￿9￿11*d 13•nwalFund Furth R¢￿1¢*￿ Endgwm•nt To Abunt IUnMirtct•dl lunMIFlc1￿I Fund• FuTrdS ZZ43 Incom• 1 Off• 2 D￿¥tiprfv 37.479 1,712 055 21 33.313 7,885 7.719 36,0 10A41 4 hterea•d fft486tSfrtrtrLome 5 Incomèfmm mv•str))wtwoport•s 14,844 02.491 lJg.641 18J.1558 IS4.28S 161.059 8 Toial Ineom• Expondlturn g Clrcifit 10 Grnnts donthn$ 11 Propwty m*int•n•rK• 12 Inwrw.uthes et 13 Oepreoatb)n 14 Off*0 expw808 15 Other 8¥P￿thr* 21 312C•J 1500 5,707 21 &15 15 12,319 017 14*33 10 2,813 11,442 10,•$4 16 s*￿1?$¢&$1 c4) r￿n￿￿￿v*￿trfiV+tt 19 GI￿￿(1￿?$•6) ￿¥¢s¥ll•￿t prep•ths 20 M•1 knooff*4•xp•ndltyrnl 21 T￿Slor&be￿W￿ fvnds 22 9*nsl(k*6•Jl rj M•t mov•iYi•vil In funds 24 Tot•lftThJs broL4ht frrtv•rd 25Tot•l fundÉ t*Tl•d lonwwd 21 110.116 IMI06 3,970 2QO,408 20&378 21 100.110 81.950 242ml 1MI JOS,T15 469121 23,J 23,377 orierkn slGWts- r￿th¢d lor Ehtern•l O orierin 55ed t¢ EAt¢rn•l O •ni5*1ons 3,710.71 3.710.71 Payloflo Ntfflè gf Churth Grw Method1# Ctsrty R•gi81r*K￿ No I198L￿2 stat￿nent of Flnanclal Activltlm (SOFA) for th• y•ar •nd•d 31 August 2022 G•n•rnl Fund FuThls Re*thcftd Endo¥m*nt Tolal ¢ount IUnrtttrt¢l•dl lunrnslrfctsdl Funds Fun 202142 In¢om• 1 cyfenngs 2 DM•ts)n$ 3 Gft*d 4 hterest 5 kncome fr¢>rn nve¥In￿nt￿Vp•tsl 6 Inlarnl orgv&bD 7 Oh•r thA￿b￿ I)￿mI 8 Tol41 Expenditure 9 CArcurt a6605ywi or 10 Gfants don￿¢n8 11 Piopthfy makttenaThc• 12 Inusnce.ulthtss et 559 9,15J 434 1,759 24,884 5.825 27,181 4J4 11,760 11.297 8.812 1.783 102.580 4Q.OOQ 2,060 .194 2,Q8Q 8,194 5,209 14 oifK* v•enx 1$ Oh•r aypwaiur• 16 Internd orwlMtr+r 867 2,13 10 734 7.140 77 Tvl•l ¢h4rf1•lA• OX￿1￿ 18 G*rflknss¢sl t4) mtsnet*y 66.1 734 4.101 61.7x1 20 Pl•t IncoThl(•yndlbJr•} 21 Transl¥s fvr 22 Oth•r gaDsllloss¢sl 23 t4et In fvnds 24 Tot•1 fur**% bro¥ht fLYw4rd 25 T￿•1 th•rA• ￿TI•d 1,04• 34.1•2 0.109 195,29 200.408 1.049 22.307 23.356 34.692 47.258 81.gso 40.8YJ 264.U6 JOS,71 S OfferlngslGffts- recelveo Ext￿￿1 Orgwiuuoro c￿*￿n /GMts. pxs•d lo Eyt•rMI O 3.489.87 Pay20110 N•mo of Church Grnng• M•thodl•t Chur¢h R•fvti?n No I19￿ Balance Shaet as at 31 August 2023 T**bb201S Fur4• 12 17J In,c*yJ i yJ.L IrrI•￿￿r iTh.r C•t*y• p bylhChwtth•& IJ 15.WO 15.702 17.•)5 13.183 lJ63 29Wi 23.377 241.444 278.014 ¢ath * knk and ITh hwd 4.164 21377 Grw*mabk•yknry202243 2V70 IXI.710 201An a43￿ Lonit•rm labll QrMp•qb￿ olw2Q22-23 *MJ78 o# 71 201) 101376 23.377 227.7 2 Mote5 to the account5 fDryear end5ng 31st August 2023 VAT Skncèthe Churth Is VAT rew%t•r•d, •ll inwt VAT Is tharpd th• e¥penw ro whlth tt ret￿. Tar4lhl• f•d These•re ￿PIt￿lIsed rfthry c4n be used fov th•n y••r, •nd l•dl¥ldu•lty It leath És.OLXX FuThl¥ Thefunds hekj rDnstiiute: C*nernl Fund5 held lef •ny purpose of the Church whkl •rt unrestrfct¢d. Re5trlrted funds are held ft+r narrowtf purpos•. D•t•lls of e•¢h matw*l fvnd are dI￿o$ed ID note 13 of th•s• ittounts. AnyfiJrbds may bo repre5•nt*d by mor• Ih•hlys¢ ash. Th• ch•rity opt•d to idopt Bull•tlA I put4tsh•d on 2 FebN•ry 2016 ind ther•fore fioi Induded a c4sh flow staternent in Ihex fin•Dd•l *iatrnls, L Olf•rf Relular offednqs for the thur¢h reCe￿¢d bv xindln8 order. In theofferknipl•te by orcheque, and bv tard at church serv1￿61￿1 CollEcTln donatlons syrt•m. In Memorlarn 233.12 D¢Ntlon¥ frorn Churth Group$1gaby fyoup. Men's grttyklast ￿t.) Flowef Fund don•ilons 570.11 344.18 215.(Kl r4tlons It Aepi5r Café 1[￿.89 1,71LQ8 559.18 Beouests Imade whhout restrtlknrfjl 20fj5 1,758.52 1.758.52 20h5 Develo rnent Fund restricted for buildl devt menl wo 2022-23 2021-22 oonatiofts r•dè*lopmerbi wor 33J12.93 33312.53 24.113.55 24.11355 ftA￿.. TèA reclaimed from HMHC on lft.aldtd offlÈrln￿in￿ thrwh thè Gwt Atd small Don4lons5cherne1&45D51 on Jnonyrnouscash ènd contactless ard off•rlny ind don*t￿N% 01É30 orund•r. indud•s intw•rt p•ym•nt frnrn HMRC &655.33 9.157.81 8,655.33 9.157.81 Pagè S of 10 Grange Methodist Church (Re8lstered Charlty No. 1198002) Notss to the acmunts foryear endin8 31st A¢4USt 2023 ment Fund Twtrl¢t￿ for bulldln r*develo T•x re£loim&J from HMRC on wft-aided donath?ns •nd throdtr. the FAft Ahl Small Donatyonsscheme IGASOSI en ancnymo¢Js cJsh Ind contactl•ss raf don•tlon$ 01 £30 or under, Indudes Intewt pèyrnent from HMRC 7,88S.21 5.825.17 7.885.21 5.825.17 Amounts shown for both ye)ts Ire Interest recelved from CFB Oeposh FuThJ. HlswrbrJUy, Ihe rn•lorlty ol résèNtg hthj b¥￿ church were Un￿stArted, therefore Intere51 was desiwated •$ unrestrfrted. However. t*Ath the kntre8se h restrtrted funds held. the Interest Fs Dow bekn8 Ireated a5 restrfrtéd. LTrh•r in(om• Coffee n￿rn5Th85 R•c•lpts from Churth E¥•nrs l•.& Aw•y Divl Lettinii Re￿pts frgrn Weddin¢s & Funen J,118.70 218.65 2,957.30 10,546.71 79)XKI 7.392. 1,096.0) 333.81 14,644 11.779.71 De¥tk) ment Fu des n• 24.00 24LJO Develo fot tsjlldl re¢Jevéo 22-23 3)21-22 Fundralslng Llsted Ha￿$01 Worthlp Grants l•plThst VAT pald on w¢perty workl Grants t*)wards ￿1￿11￿¥r￿Jert1OPrnent proiert. 7.￿9.55 2.672.18 129.159.C 139,640.73 8.411.77 8,811.77 •Gronts bu1ld1nqr@éwéeym￿tWtyétt IndudeÉl¢J).000 r•c•l¥ed from Th• 8•n•hct Trust und osè t*ims and tondttloTh% wme or all ¢1 the8raftt rna¥t need to be r•turnÈd ITh certakn ¢lttumstsnco%, suth as tht r¢d¢vtlogmtM no18tyln8 ahtld. ie¢n¢f4aTrust St•nd•rd Gr•ni T¢rrns & CondlJons, p•r•y4ph 211. Pale 6 of 10 Grange Methodlst Churth (Reilstered Charfty No. 1198CM)2) Notes to th• •¢counts fory•ar endini 3tst Ai8ust 2023 All0¢4tk)ns from G•nv•l 10 other ¢h•￿1•bI•0ry1fA$1tlQfft$. •s•y•4d byTrustMs, Fund fof the Support of FYesb¥ters & DeKons Mh%lon In Brlt•ln Fund 35Q 23QlJ) 27XCQ 290.0) Wodd Mlssbn Fuftd Tre Fund lor Pvoperty The Fund for TrolniTri Methodkt Medlcal 8èrwolent Fund 275.co 230.0) 20￿c 230.tt1 275.L 275. r Meth Mtthodls¢ Mlnlsters, ￿￿5[￿& 50¢1ety M.H.A. 230.LVJ 230.( Churth¢sTtsyther In fjrJn¥e & Dlstrkt ChurthesTopther Youth Trust St Mary's Hospkt 50.L Icrf).oJ soo. I￿.cO Affill•tlons A Rtscha UK (Eco ChuTthI ToiEh Trust14ht Lvss Friendty Churrhl Falrtrnde Foundaiiofi IFilrtrnde Chwchl 100.co IDJ. 2X%JLQ 2022.23 2.699.28 3,c￿7.26 5,706.Y 2021- 1195.66 Cleanln8 ReF•n & Renewnls 3,99&47 6.194.13 Repla¢ement of centr41 h••tln8 boiler 16,108.10 16.108.10 E￿triCkY &Gas Water Rates 4,647.70 692.80 2.133.25 551.09 8r04dband Inwr4nce 325.58 2.32&39 7,999.89 Z.199.09 5,Z09nl Page 7 of 10 Grange Methodist Churth (Reglstsred Charlty No. 1198CI)21 Not•5 to th• accounts fory••r •ndin6 31st A￿uSt 2023 nrestsicted 22- Card mathlft• Ipurchis•, K+ftw4r• iubscriptlon &tr•nsactlon fw%l Prknttn8 & Slatlonery 261.16 566.89 2.15 56&89 Card transaction lees 15J4 1524 111. Oth•r Exp￿￿￿*j￿• Worshlp Re50urce5 & Licèntes ClJEr•ach R•s￿￿rceS 556.89 61&24 124.25 55.64 Rep41r Wé Purchi%s Churth E¥ents le.4. Away Davl To•st Churth IFamllte5 & youn8 peopl•'s •ctl¥ltS•$1 Fbower% & Plints 321.12 238.98 239.60 65fj0 IX90 158.18 Provldons 56&99 570.34 Wedd5Th8& Funer•l Feeslto orpnknt & mln15trrl Mlscd1an￿￿s 479.Cth) 50.IJO 214. 2.512.73 2.138.40 lo ent Fund rict Mlxdl•n4o+Js 733.56 733. •lo Arthltects Fees 10O20nO 1.815.00 333.95 Surveyors Fee5 Fundr•lsln8 MIS¢¢l￿neoUS 4.640.O) 15QOO 16820 12318.95 4,￿8.20 Pi8• 8 of 10 Granze Methodist Church (Reglstered Charlty NO. 11981)02) Notes to the accounts foryear ending 31st A¥u5t 2023 11 toT(th1fvTh1s In movlnifrom rec•pts& p4yrnents to •cU￿(l b￿d attOUThiin& the tollowlniadlustmeftts have nwd io IheT0t￿ lunds ¥routht 4$ reported th the 2021-22 i￿unIS l Funds unrestrlcted 2021-22 Toi•l funds broumht fornv*rd lufider retylpts & p*yrnenti attountlrql plus Oébtord, uih In hand & prepjyments at st•rt of ye•r s Credrtors at st•rt of year plus V41u* of ¢hur¢h buildlThi (r￿ Pr￿0￿$ty Includ•dl Totslfunds brough forward lundér attrU•￿ ￿l￿d a¢to*tsntln81 10.839.65 S.895.22 15fi17.30 848.69 - 14,645A? 241A7 175.LV). XJOA)8.27 175,CCQ.CQ 195.299.22 No adjustments needed 2022.23 ?9.697.33 2,252.91 2021.22 39.936.70 7,321.25 Total funds brou8ht forward lund•r rtt•lpt% L payTh•nts •¢ountlfi81 pl￿* D•btors & ush in hand •t stlrtot ¥e4r less Credttors bt stsrt of ￿lf Totllfunds brou8h fofward lunder accru•k bai•d att4untln 81.95024 47,257.95 VBluatlon of thurth bulk4lni by Lamb & Swlft Comrr￿1al on Frlday 17th Miy 2019. caTrfed out In DLrordDrKe wlth the r•qiJir•méfit& of th*V*lu*tlon St*nd*tds kn th• gJrr•nt •dltlon ol th• RICS pr￿+￿¢￿•1 Stsr¥J•rdi Ith• "Aed Book"). prep•red on the ￿31$ of M•rket ￿lUe. IFJn tsn HMRC Glft Ald 4cuued 3.342.19 720.Q) 3.522.23 Lettl 254.50 OrcuY( A5sessmenr kyep1￿ThenI other prepayments 9.gCA). 1,70J.76 15278,49 1.2J7.72 15.079.91 HMRCGift Aid a¢ryu*d 621.A5 2.126.16 621.85 2.12&16 P•1• 9 gl 10 Gr8n8e Metho&ist Church (Regl$terÈd Charfty No. 1198002) Notes to the •ccfjunts for y•ar •ndlni 3tst A￿uSt 2023 14 thrmnt Assets. Cash •t C•nty•l F•iw •Jvd Ind in h•nd ¢58 0•po￿t Fund IRestri¢ted amount kn Dwelopment Fund) CF8 Deposlt Fund IDe5i8nbted lunr•striet•dl •mouni In D*édoprMnt Fundl (78 Depolt Fund Iunrestrlcted arnouni In Genernl Fund) Cooper•the B•Dk Comrnurylty Fund lUn￿rt￿rted. Genenl FuThdl ath In h•Dd Iunrestrtled c4sh re￿￿￿￿ for Gentrnl Fundl C•th In h•Trd IR•rtrfrt•d fyndr•l408 ush r•c•l¥•d far D￿k4PMe￿ Fund) 2022.23 241.443.85 23,377.10 13.192.88 1.521.21 42.LKI 79,697.33 23,356A5 6.941.17 3,89a48 13& 126.75 279,577.04 114.158.99 Unreslrkted fvThd5 artfor the ofthttru5tees lnthelunhernnce of the pneral obletthes ofihe c￿1th. The resirkied funds held in the De¥dopment Funo Jre thoseto**lch contdbutknn5 h•bY been rnad•t(Mfards thtspe¢ifi¢purpose of r¢de¥eloplnithe church bulk4ifi& Cx•dtt Cr•dltor5 I￿111t1•s. d•anln& prop•rty rnpairsl 458.20 848.69 458.20 84S.69 Pz4g? 10 of 10 ## **RESERVES POLICY** of ## **Grange Methodist Church** **(*Church Council /Circuit Meeting /District )** |1.|**General**Funds held at Y/E 31/08/2023|£**38,091**| |---|---|---| |||| |2.|**Restricted**Funds held“|**£241,444**| |||| |3.|**Endowment**Funds held“|£**0**| |4.|**Reserves policy for General Funds**|| Given a general expenditure of £62,126 for the year 2022-23, we are currently holding just over seven months’ worth of unrestricted reserves. Our policy is to hold a minimum of three months, equivalent to £15,532. This should be sufficient given that most regular donations from members and adherents is received by standing order which would continue to be received in event of a temporary cessation of church activities, due to events such as another pandemic. There remains outstanding approx. £32,000 worth of repair and maintenance work identified in the 2021 quinquennial report which does not fall within the scope of previous costings for the building redevelopment project but is currently being incorporated into the detailed costings for the project which is expected to begin by September 2024. It is planned that as much as possible of the £22,559 in additional reserves be allocated to the redevelopment project once the re-costing is completed, in order to reduce any further fundraising needed (see policy for restricted funds). ## 5. **Policy for Restricted Funds** We are currently fundraising for a major redevelopment of our building, with a projected cost of approx. £900,000. As at 31/08/2023, we have £241,444 in restricted funds for this purpose and approx. £275,100 pledged but not yet received from our membership, the Circuit and grant awarding bodies. We have already spent £49,471 on the project, including the installation of a new central heating boiler and architects’ and surveyors’ fees. Further local fundraising and grant applications are in progress and the plans for the project are subject to regular review by the Church Council. Our current target is to commence building work by September 2024, before the current planning permission expires. In the fundraising carried out amongst church members and the community, it has been made clear that should the planned project not go ahead, the restricted funds raised may be used to carry out necessary renovations and improvements to make our building fit for its ongoing use. However, in this situation, some of the grants received may need to be repaid. ## 6. **Terms relating to Endowment Funds held** Not applicable. This Reserves Policy has been approved by **Grange Methodist Church** ||**Grange Methodist Church**|**Grange Methodist Church**|**Grange Methodist Church**|**Grange Methodist Church**|**Grange Methodist Church**|**Grange Methodist Church**|**Grange Methodist Church**|**Grange Methodist Church**| |---|---|---|---|---|---|---|---|---| |(*Church Council
/Circuit Meeting
/District
)|(*Church Council|||/Circuit Meeting||/District||)| |||

||||||| |Treasurer||Trustee (Property Steward)||||||| |Full name**Paul Rand**||Full Name**Peter Nicol**||||||| |Signature||Signature|||||||