Charity No 1199372 Annual report and accounts 2022/2023
Annual Report and Accounts for the year ending 31 March 2023
| Contents | Page Number |
|---|---|
| Introduction by Superintendent Minister | 2 |
| Review of the year Our plans for 2023/24 |
3 4 |
| Mission statement | 6 |
| Governance Detail Legal structure and arrangements Structure, Governance and Management Public Benefit Test, Risk Management, Reserves Policy Safeguarding Financial statement preparation |
7 9 10 11 12 |
| Detailed Accounts | 13 |
| Notes on the Accounts | 15 |
| Independent examiners report | 25 |
Page 1
Welcome by the Superintendent of the Northampton Methodist Circuit
I am pleased to introduce the first annual report of the Northampton Methodist Church. This past year has been an opportunity for our new church to develop its identity, determine its mission priorities, and start a Mission and Property Review that builds on the earlier findings of the circuit’s ‘Casting the Net’ report.
Some key highlights of this year have been:
-
Welcoming the Reverend Ian Forsyth as a Presbyter, Authorised to Serve in the Methodist Church, with pastoral responsibility for the Astcote, Great Billing, Roade, and Towcester Road Worshipping Communities in Northampton Methodist Church.
-
Appointing and inducting our first set of managing trustees and members of the Church Council as we seek to move forward with the ‘Our Calling’ priorities.
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Establishing Local Teams within our Worshipping Communities that can focus on mission in their localities.
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Launching a new church website that has enabled us to communicate better as a church and with people in the communities in and around Northampton and the surrounding villages.
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The steady growth in Bible studies and those participating in fellowship groups across the church.
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Forming a new Finance and Property Group to offer support, guidance, and recommendations in finance and property matters throughout the church.
In all these things we continue to put our faith and trust in Jesus Christ and the Holy Spirit as our guide. We are hopeful that our new structures will help us as we share the good news of the gospel in Northampton and beyond.
Thank you for reading this report which I hope is informative and helpful.
Reverend David J Speirs
Email:david.speirs@methodist.org.uk Telephone: 01604 705642
Page. 2
Review of the year
While having been formally registered as a charity during June 2022 the Methodist Churches within the Northampton Circuit formally joined on the first of September 2022, the start of the new connexional year.
To formally mark the launch a combined act of worship was held on the 25[th] September at the High School for Girl’s in Wootton lead by the Chair of the Northampton District Rev’d Canon Helen Cameron. This service was followed by a period of fellowship and refreshment along with a formal first General Church Meeting to affirm the appointment of the Church stewards and other key officers.
The active work and worship continued at all the constituent buildings, known as the worshipping communities of the multi-site church throughout the year.
An early task that the new church council (Trustee body) undertook was a detailed review of all the building assets it was now responsible for so allowing a greater shared understanding of the challenges faced going forward.
Of particular note was the launch of the new church website which provided links to each worshipping community and provided a single presence for the church on the internet.
During the year the trustee body meet on a regular basis both to facilitate growing together as a group along with moving forward on determining the missional aspirations of the church as set out later in this review.
It is pleasing to report that a number of the fellowship groups which had ceased to be active during the Covid pandemic were successfully restarted providing increased opportunities for fellowship. It is also good to report there was also an increase in the number of bible studies being run along with growth in numbers attending each group.
The year drew to an end with the united farewell service for the Rev Francis M’Itirri and his family extending our best wishes to them as he moved to the New River Circuit in North London.
Page. 3
Review of the year
Financial performance for the year
Income
General collection income including gift aid reclaims (£243k) was slightly lower than the consolidated figures reported for the final year of the constituent churches and specific donations was also slightly lower at (£22k).
Letting income in comparison saw an increase of twenty percent to (£59k) reflecting the increase in groups seeking venues to meet.
There was also an increase in investment income as a result of the increase in interest rates.
Specifically included in other income is the transfer of (£10k) from the circuit related to the funds they had held in relation to the Wootton Trinity building.
The notable increase in linked organisation income is primarily linked to the launch of the PA network lunch club.
Expenditure
The main item of expenditure “The Circuit assessment” to fund the provision of ministry to the church was set at the same level as in 2021 – 22.
Building repairs were generally kept to priority requirements only whilst the longer term challenges related to both backlog maintenance requirements and future improvements were determined.
The most notable impact of inflation being on insurance premiums and utility costs where a number of contracts saw considerable tariff increases.
Net movement in funds
Overall the General Fund balance at the end of the financial year was (£157k), the churches free reserves equates to 5 months expenditure cover, slightly higher than the reserves policy requirement..
Page. 4
Futures plans
Plans for 2023/24
It is anticipated that an agreed property strategy will be published during the first half of the connexional year setting out future plans for the church buildings that the charity has oversite. Following initial adoption of the outline strategy further work will then be undertaken to progress definition and development of the individual constituent projects.
The Mission Action group are being asked to refine the mission plan including identifying key lay roles to further the further development of future children’s and family work.
A number of significant anniversaries are also being celebrated during the year of the constituent worshipping communities including 150 years of worship at Astcote, 100 years at Towcester Road and 50 years at St Andrews.
Page. 5
Mission statement
Develop, support and encourage work with children and families. Encouraging ongoing work Working in local schools to explore the Bible and the Christian faith Developing new initiatives Making disciples of Jesus and deepening discipleship Engaging with new people and sharing the Gospel Sharing and studying the word Hosting bible studies in welcoming venues Develop, support, and encourage ongoing work with older people. Effective pastoral support Providing opportunities for fellowship Strengthening the ecumenical witness in the local community Seeking to be activily involved with the local geographic churches together group within which each worshipping community is situated Engaging with and welcoming new residents within our communities Seeking to learn from the Overstone pioneer worker experience. Seeking to be an open and inclusive church Being an intergenerational church Providing a variety of worship styles Feeding sharing, and eating together (breaking bread) Encouraging Godly creativity, crafting, and art. Creating space for sanctuary and retreat Being a supportive and friendly church for those with special needs.
Page. 6
Governance Arrangements
Basis of preparation and legal framework
The Charity’s annual report and accounts for the year ended 31 March 2023 have been prepared in accordance with the Charities Act 2011 and the Charities Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard FRS102.
The Charity’s report and accounts include all the separately established funds for which Northampton Methodist Church has taken on responsibility for following the formation of the merged church.
Full Name of Charity: Northampton Methodist Church
Registration Charity Number: 1199372
The principal office is at: Wootton Trinity Christian Centre High Street Wootton Northampton NN4 6LW
The members of the Northampton Methodist Church Council are the Charity Trustees.and are listed in Appendix A. which is attached.
The Church is part of the Northampton Methodist Circuit
Mr Keith Brooks acted as the principal officer overseeing the overall financial management and accounting for the Charity.
The accounting records and the day-to-day administration of the funds are supported by the Financial steward in each worshipping community.
The advisors and administrators used by the Charity during 2022/23 were:
Bankers Lloyds Bank 2 George Row, Northampton Natwest Bank The Drapery, Northampton HSBC Bank Abington St, Northampton Barclays Bank Wellingborough Road, Northampton
Page. 7
Governance Arrangements
Solicitors DFA Law 2 Waterside Way, Northampton
Independent examiner Miss C Haynes (ACA) 4 Delamere Road Northampton
Investment Managers Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes
.
Page. 8
Governance Arrangements
Structure, Governance and Management
Northampton Methodist Church is the registered charity for all of the Methodist worshipping communities within Northampton and the surrounding area. It provides both worship, fellowship and pastoral care from its various buildings within the town.
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church; c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church.
Public Benefit
We confirm the trustees have had regard to the Charity Commission's guidance on public benefit.
Structure, Governance and Management
The governing document for the Church is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
Page. 9
Governance Arrangements
Day to day management of the Church is undertaken by the Church Council along with the Church Leadership team and the Finance and Property Committee . Each worshipping community also has a local teams structure organising and co ordinating the work in that location..
Trustee Training
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 role as trustees.
Risk Management
The major risks have been identified and recorded by the Finance and Property Committee with professional advice taken as required.
There is a regular annual review process undertaken of all buildings and reported to the Church Council.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a quarterly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
Reserves Policy
The Reserves Policy for the Church is to hold a minimum sum equivalent to 4 months' average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on properties and / or to be able to continue, in the short term, funding planned activities in the event of any inability to maintain regular giving and other income of the various worshipping communities.
Safeguarding
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 re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.
Methodist Connexional practice outlines commitment to the following principles:
Page. 10
Governance Arrangements
-
the care and nurture of, and respectful pastoral ministry with, all children, young people and adults
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the safeguarding and protection of all children, young people and adults when they are vulnerable
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the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse.
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We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
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We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.
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We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
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We will seek to challenge any abuse of power, especially by anyone in a position of trust.
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We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
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In all these principles we will follow legislation, guidance and recognised good practice
Page. 11
Financial Statement preparation
Basis of preparation
As treasurer I confirm that I have prepared the accounts for the year ended 31 August 2023 from the consolidated records provided by each Worshipping community and that they include all funds under the control of the Church Council.
----- Start of picture text -----
Signature of W K Brooks Date 19 June 2024
Treasurer
Name W K Brooks ACMA
Address 2a Stanfield Road
Duston
Northampton
----- End of picture text -----
Presentation to the Circuit Meeting for approval.
I confirm that the Accounts have been presented to the Church Council Meeting on 19 June 2024 and were approved.
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Signature of the Chair of the meeting Rev David Speirs 19 June 2024
Name of the Chair of Rev David Speirs
the meeting
Date 19 June 2024
_______________
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Page. 12
Statement of Financial Activities
----- Start of picture text -----
Unrestricted funds Restricted Funds Endowment Funds Total
2021/22 2022/23 2021/22 2022/23 2021/22 2022/23 2021/22 2022/23
£ £ £ £ £ £ £ £
Income and Endowments from: 8
Collections and tax credit 255,374 241,277 4,736 1,986 260,110 243,263
Donations & grants 27,454 21,524 - 27,454 21,524
Legacies 7,000 - - 7,000 -
Fund raising 9,461 10,308 - 9,461 10,308
Lettings 48,104 58,724 - 48,104 58,724
Investments 450 2,958 123 145 352 2,310 925 5,413
Other 4,891 11,488 72 - 4,963 11,488
Internal organisations receipts - 40,577 62,694 40,577 62,694
Total 352,734 346,279 45,508 64,825 352 2,310 398,594 413,414
Expenditure on: 9
Salaries, NIC & Pension costs 6 10,728 12,087 - 10,728 12,087
Circuit Assessment 220,472 218,286 - 220,472 218,286
Repairs and maintenance 31,296 24,006 1,906 - 33,202 24,006
Insurance 21,045 24,002 - 21,045 24,002
Depreciation 11 - - - -
Utilities 31,269 34,426 - 31,269 34,426
Internal organisations - 35,401 54,932 35,401 54,932
Grants and Donations 7,831 2,132 3,525 4,242 11,356 6,374
Other expenditure 34,523 31,409 341 - 207 207 35,071 31,616
Total 357,164 346,348 41,173 59,174 207 207 398,544 405,729
Net income/(expenditure) (4,430) (69) 4,335 5,651 145 2,103 50 7,685
Transfers between funds 10 3,064 7,860 (2,910) (5,757) (154) (2,103) -
Gains/(Losses) on investment assets (202) (4) (6) (4) (208)
Net movement in funds (1,366) 7,791 1,425 (308) (13) (6) 46 7,478
Reconciliation of funds:
Total funds brought forward 180,208 3,028,842 83,194 84,619 72,639 72,626 336,041 3,186,087
Total funds carried forward 178,842 3,036,633 84,619 84,311 72,626 72,620 336,087 3,193,564
Note ref
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Page. 13
Balance Sheet
| Unrestricted | Unrestricted | Restricted | Restricted | Endowments | Endowments | Total | Total | ||
|---|---|---|---|---|---|---|---|---|---|
| Note ref | 31-Aug-22 | 31-Aug-23 | 31-Aug-22 | 31-Aug-23 | 31-Aug-22 | 31-Aug-23 | 31-Aug-22 | 31-Aug-23 | |
| Tangible Fixed Assets | £ | £ | £ | £ | |||||
| Land & Buildings | 12 | 2,850,000 | 2,850,000 | ||||||
| Equipment | 12 | 5,109 | 5,109 | ||||||
| Investmentproperties | 12 | ||||||||
| Investments | 13 | 72,626 | 72,620 | 72,626 | 72,620 | ||||
| Total fixed assets | 2,855,109 | - | 72,626 | 72,620 | 72,626 | 2,927,729 | |||
| Current Assets | |||||||||
| Stock | |||||||||
| Debtors and Prepayments | 14 | ||||||||
| Cash at Bank and in hand | 14 | 96,547 | 108,922 | 77,285 | 78,928 | 173,832 | 187,850 | ||
| Trustees for Methodist Church Purposes deposits |
10,502 | 10,810 | 4,902 | 4,701 | 15,404 | 15,511 | |||
| Central Finance Board Deposits | 67,821 | 74,524 | 67,821 | 74,524 | |||||
| BuildingSocietydeposits | 3972 4,014 |
2,432 | 682 | 6,404 | 4,696 | ||||
| Total current assets | 178,842 | 198,270 | 84,619 | 84,311 | 263,461 | 282,581 | |||
| ~~Creditors and Accruals (due in~~ under 1yr) |
15 | 16,746 | 16,746 | ||||||
| Net current assets(liabilities) | 178,842 | 181,524 | 84,619 | 84,311 | 263,461 | 265,835 | |||
| Total assets less current liabilities |
178,842 | 3,036,633 | 84,619 | 84,311 | 72,626 | 72,620 | 336,087 | 3,193,564 | |
| Loans and creditors due after 1 year |
|||||||||
| Provisions for liabilities and charges |
16 | ||||||||
| Net assets | 178,842 | 3,036,633 | 84,619 | 84,311 | 72,626 | 72,620 | 336,087 | 3,193,564 | |
| Funds of the Church 17 |
|||||||||
| General fund | 152,179 | 156,658 | 152,179 | 156,658 | |||||
| Designated funds | 26,663 | 29,975 | 26,663 | 29,975 | |||||
| Popertyreserve | 2,850,000 | 2,850,000 | |||||||
| Restricted funds | 84,619 | 84,311 | 84,619 | 84,311 | |||||
| Endowment funds | 72,626 | 72,620 | 72,626 | 72,620 | |||||
| Total Funds | 178,842 | 3,036,633 | 84,311 | 72,620 | 336,087 | 3,193,564 |
Page. 14
Notes on the accounts
1 Basis of accounting
The financial statements have been prepared under the Charities Act 2011 in accordance with the 2015 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102 – the Charities SORP (FRS102) and taking note of the Update Bulletins 1 and 2.
2 Funds
The funds held constitute: a General Fund held for any purpose of the Church which is Unrestricted, this fund being created at the point of consolidation of the constituent church societies and a property fund which representing the current assessed value of the church properties. There are a number of Designated funds which are being held for specific purposes which technically are part of the General fund but retain the specific purpose identification they had at 31 August 2022. There are a number of Restricted funds which include the internal organisations of the church which are formally also under the direct control of the church council, There is one Endowment fund that the income from it can be used for the upkeep of the Kingsley Park building. Any funds may be represented by more than just cash. Details of all funds is given in note 17.
3 Accounting policies Basis
These accounts have been prepared on the basis of historical cost except that the church buildings are included at assessed valuation agreed by the trustees based on professional surveyor advice.
Incoming Resources
Income 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.
Resources Expended
This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out resources. Utility costs are recognised at the point of invoicing.
VAT
Page. 15
Notes on the accounts
VAT incurred on the cost of purchases for the running of the church is charged as a cost of operation,.
Tangible fixed assets for use by the Church
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. At the point of formation all fixed assets within each building were considered to be fully depreciated. New items of equipment purchased during the year have been treated as additions on a case by case basis.
The freehold property is shown in the accounts at assessed values, of which the land component is deemed to be £1,000,000. No depreciation is provided on the buildings because the trustees consider the current residual fair value of the buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The properties will be periodically reviewed for impairment.
Investments
Investments are valued in the balance sheet at market value at the year end. Investment income is 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
Debtors are only recognised when an amount can be specifically recognised.
Creditors
Creditors are only recognised when they relate to a specific service or supply of goods. No attempt has been made to quantify utility supplies not invoiced.
Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening carrying value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening carrying value (or purchase date if later).
4 Payments to trustees
There were no payments made to trustees for additional services provided to the Church .
5 Fees for audit of the accounts
Page. 16
Notes on the accounts
There was no fee charged for the audit of these accounts.
6 Paid employees
Staff Costs paid during the year were:
| 2021/22 | 2022/23 | |
|---|---|---|
| £ | £ | |
| Gross wages | 10,728 | 12,087 |
| Employer’s NIcosts | ||
| Pension costs | ||
| Total staff costs | 10,728 | 12,087 |
| 2 0.5 |
||
| No of employees | 2 | 2 |
| Average number of full-time equivalent employees in the year were: |
0.5 | 0.5 |
7 Capital Commitments and Contingent Liabilities
At the 31st August 2023 there are capital commitments of nil.
There were no contingent liabilities identified at 31st August 2022 and no new items have been identified during the year.
Page. 17
Notes on the accounts
8. Analysis of General Fund income by worshipping community
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Towcester
Current year 2022 - 23 Astcote Gt Billing Harpole Kingsley Kingsthrp Park Ave Queensgrove Roade St Andrews Road NMC core TOTAL
RECEIPTS £ £ £ £ £ £ £ £ £ £ £ £
Offerings & donations 7,035 4,245 5,177 18,602 19,351 55,477 25,696 10,223 26,538 13,487 2,055 187,886
Donations 286 121 122 6,017 283 839 382 260 1,821 16 10,147
Gift aid received 1,967 1,533 1,290 4,782 8,605 15,172 5,857 2,433 8,522 3,227 53,388
Investment income 0 147 211 251 1,023 364 142 278 42 1 2,459
Lettings 979 1,080 5,469 3,247 17,954 3,535 7,894 8,224 4,046 6,296 58,724
Gift days 0 4,780 3,870 1,727 10,377
Fundraising activity 0 293 254 1,063 90 0 1,715 2,635 2,417 8,466
Other receipts 239 164 150 300 218 416 10,000 11,488
Group donations 2,103 185 2,457 0 502 2,614 7,860
TOTAL RECEIPTS 10,506 7,583 12,312 40,955 28,482 96,534 38,237 22,789 47,375 27,654 18,368 350,795
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The £10,000 other receipts in the NMC core column is the initial start up grant from the Circuit connected with the transfer in of the Wootton Trinity building
| Financial year 2021 - 22 comparison |
Astcote | Gt Billing | Harpole | Kingsley | Kingsthrp | Park Ave | Queensgro | vRoade | St Andrews |
Towcester Road |
NMC Core |
TOTAL |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RECEIPTS | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ |
| Offerings & donations | 7,403 | 5,471 | 5,949 | 24,440 | 20,411 | 59,650 | 26,279 | 10,408 | 27,660 | 21,310 | 208,981 | |
Gift aid received |
4,275 | 962 | 1,574 | 2,751 | 14,623 | 6,103 | 2,452 | 7,976 | 5,677 | 46,393 | ||
| Interest | 20 | 9 | 35 | 193 | 64 | 17 | 33 | 4 | 0 | 375 | ||
| Lettings | 769 | 215 | 3,490 | 3,793 | 17,292 | 3,610 | 4,935 | 8,962 | 5,038 | 48,104 | ||
| Gift days | 8,260 | 2,526 | 5,810 | 0 | 10,503 | 27,099 | ||||||
| Fundraising activity | 5 | 718 | 1,267 | 1,950 | 140 | 0 | 0 | 920 | 1,493 | 2,900 | 9,393 | |
Other receipts |
1,474 | 219 | 1,590 | 7,000 | 634 | 85 | 466 | 423 | 11,891 | |||
| Total | 13,926 | 7,605 | 12,280 | 42,793 | 30,112 | 98,202 | 36,141 | 19,198 | 57,050 | 34,929 | 0 | 352,236 |
Page. 18
Notes on the accounts
9. Analysis of General fund expenditure by worshipping community
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Towcester
Current year 2022 - 23 Astcote Gt Billing Harpole Kingsley Kingsthrp Park Ave Queensgrove Roade St Andrews Road NMC core TOTAL
PAYMENTS £ £ £ £ £ £ £ £ £ £ £ £
Circuit Assessment 218,286 218,286
Donations 338 276 68 25 0 240 60 25 1,100 2,132
Repairs and Maintenance 1,369 404 912 2,864 1,096 8,827 1,640 5,788 4,339 1,027 850 29,115
Caretaking & cleaning 25 534 1,706 1,146 3,037 3,110 2,462 12,019
Insurance 599 417 471 5,577 1,098 5,327 4,088 2,390 1,590 1,642 802 24,002
Utilities 1,476 1,196 1,275 5,465 7,720 3,007 3,991 5,393 1,961 2,941 34,426
Worship costs 226 105 375 2,693 848 1,185 683 127 725 377 7,345
Salaries 12,087 12,087
Other payments 477 238 371 239 6,960 764 1,579 173 1,214 12,015
Total 4,485 2,423 3,339 16,970 3,281 42,665 11,888 13,682 16,723 8,315 227,655 351,427
----- End of picture text -----
| Financial year 2021 - 22 comparison |
Astcote | Gt Billing | Harpole | Kingsley | Kingsthrp | Park Ave | Queensgro | vRoade | St Andrews |
Towcester Road |
NMC Core |
TOTAL |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAYMENTS | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ |
| Circuit Assessment | 5,852 | 4,792 | 8,220 | 19,713 | 24,584 | 67,360 | 32,248 | 8,803 | 28,500 | 20,400 | 220,472 | |
| Donations | 603 | 1,339 | 935 | 110 | 2,025 | 1,554 | 0 | 880 | 360 | 25 | 7,831 | |
| Repairs and Maintenance | 522 | 1,773 | 1,389 | 2,611 | 135 | 7,394 | 1,230 | 1,661 | 7,879 | 4,152 | 28,746 | |
| Caretaking& cleaning | 80 | 0 | 0 | 4,680 | 1,594 | 1,339 | 3,888 | 2,486 | 14,067 | |||
| Insurance | 578 | 405 | 438 | 4,954 | 1,304 | 4,450 | 3,758 | 2,196 | 1,447 | 1,515 | 21,045 | |
| Utilities | 1,516 | 1,031 | 1,111 | 6,691 | 10,214 | 2,138 | 2,535 | 4,460 | 1,573 | 31,269 | ||
| Worship costs | 213 | 412 | 2,226 | 775 | 1,214 | 307 | 797 | 352 | 6,296 | |||
| Printing |
25 | 357 | 2,711 | 494 | 283 | 3,870 | ||||||
| Otherpayments | 2,996 | 163 | 143 | 239 | 258 | 16,021 | 259 | 557 | 0 | 351 | 20,987 | |
| Total | 12,360 | 9,503 | 12,649 | 36,569 | 29,438 | 115,598 | 42,028 | 17,971 | 47,614 | 30,854 | 0 | 354,584 |
Page. 19
Notes on the accounts
10. Transfers between funds
The income generated by TMCP holdings is transferred to the General fund net of the related administration charge. All other transfers relate to either payments for building usage or alternatively support with start up costs for a new project or initiative.
11. Depreciation
There was no depreciation calculated on the new assets purchased as they both occurred in the final quarter of the year.
12.Operational Fixed Assets & Land and Buildings
| Valuation at 31 August 2021 |
2021 -22 additions |
Valuation at 31 August 2022 |
2022 -23 additions |
Valuation at 31 August 2023 |
Accum Dep'n August 21 |
Dep'n 2021-22 |
Dep'n 2022-23 |
Revalution Aug 2023 |
NBV 31 Aug 2023 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operational land & buildings | £ | £ | £ | £ | £ | £ | £ | £ | £ | ||
| Astcote | 0 | 0 | 50,000 | 0 | 50,000 | 0 | 0 | 0 | 0 | 50,000 | |
| Gt Billing | 0 | 0 | 50,000 | 0 | 50,000 | 0 | 0 | 0 | 0 | 50,000 | |
| Harpole | 0 | 0 | 50,000 | 0 | 50,000 | 0 | 0 | 0 | 0 | 50,000 | |
| Park Avenue | 0 | 0 | 600,000 | 0 | 600,000 | 0 | 0 | 0 | 0 | 600,000 | |
| Kingsley | 0 | 0 | 350,000 | 0 | 350,000 | 0 | 0 | 0 | 0 | 350,000 | |
| Kingsthorpe | 0 | 0 | 200,000 | 0 | 200,000 | 0 | 0 | 0 | 0 | 200,000 | |
| Queensgrove | 0 | 0 | 350,000 | 0 | 350,000 | 0 | 0 | 0 | 0 | 350,000 | |
| Roade | 0 | 0 | 250,000 | 0 | 250,000 | 0 | 0 | 0 | 0 | 250,000 | |
| St Andrews | 0 | 0 | 400,000 | 0 | 400,000 | 0 | 0 | 0 | 0 | 400,000 | |
| Towcester Road | 0 | 0 | 350,000 | 0 | 350,000 | 0 | 0 | 0 | 0 | 350,000 | |
| Wootton | 0 | 0 | 200,000 | 0 | 200,000 | 0 | 0 | 0 | 0 | 200,000 | |
| 0 | 0 | 2,850,000 | 0 | 2,850,000 | 0 | 0 | 0 | 0 | 2,850,000 | ||
| Fixtures & fittings | 0 | 200,000 | 5,109 | 205,109 | 200,000 | 0 | 0 | 0 | 5,109 | ||
Page. 20
Notes on the accounts
13. Investments
The M E Gregory endowment is invested primarily in the TMCP Trustee Interest Fund along with a small holding of Lloyds Bank Group shares.
14. Analysis of current assets
Debtors under 1 year
There were no debtors identified at the end of the financial year. l
Analysis of cash at bank and in hand
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Balance at 31 Balance at 31
Aug 2022 Aug 2023
£ £
Balance with Barclays bank 26391 22417
Balance with Co-op bank 3360 3184
Balance with HSBC bank 49380 41294
Balance with Lloyds bank 5984 8250
Balance with NatWest bank 18354 38083
Balance with Santander plc 2183 2956
Cash 72 1984
Linked groups fund holdings 68108 69682
173832 187850
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Page. 21
Notes on the accounts
15. Analysis of current liabilities and long-term creditors
| Trade Creditors Other Creditors Northampton Circuit Other Creditors Connexional Funds |
As at 31 Aug-22 £ 0 0 0 0 |
As at 31 Aug-23 £ 0 15,646 1,100 |
|---|---|---|
| 16,746 |
Other creditors represent sums owed at the year end by the charity to related parties, the Northampton Circuit in respect of assessment due but not paid until September 2023 and agreed contributions to the Connexional Property Fund and Auxiliary Fund.
There are no identified long term creditors.
Page. 22
Notes on the accounts
18. Analysis of movements of all funds under the oversite of the NMC Church Council by category for the past two years
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Balance at Balance at Balance at
31st August Income Expenditure Transfers 31st August Income Expenditure Transfers 31st August Fund purpose
2021 2022 2023
Unrestricted Funds
General Fund 152,226 352,236 354,584 2,301 152,179 342,939 346,317 7,860 156,661 General purposes of NMC
Property reserve 0 0 0 0 0 0 0 2,850,000 2,850,000 Property reserve
Designated Funds
Kingsthorpe futures 23,300 297 30 763 24,330 437 30 0 24,737 To support future work in Kingsthorpe
Kingsley project (roof) 4,682 201 2550 0 2,333 2,903 0 0 5,236 To be used for maintenance of Kingsley building
Total unrestricted 180,208 352,734 357,164 3,064 178,842 346,279 346,347 2,857,860 3,036,634
Endowment Funds
Kingsley Gregery legacy 72,639 352 211 (154) 72,626 2,310 213 (2,103) 72,620 Interest to be used for maintenance of Kingsley buildiing
Total 72,639 352 211 (154) 72,626 2,310 213 (2,103) 72,620
Restricted Funds
Benevolent fund 2,505 1,220 1,195 0 2,530 1,236 1,482 175 2,459 For relief of identified hardship or need
Astcote charity collection 515 1,078 1,319 0 274 336 330 0 280 Holding fund for collections for other charities
Kingsthorpe charity collection 1,348 480 1,011 0 817 373 817 0 373 Holding fund for collections for other charities
Kingsthorpe youth fund 815 53 0 0 868 42 110 0 800 Support of youth work at Kingsthorpe worshipping community
Park Avenue Drop in centre 3,595 0 0 0 3,595 0 0 0 3,595 Dormant fund
Park Avenue Trade craft 175 72 8 0 239 0 0 0 239 Dormant fund
Park Avenue Security camara 1,150 0 0 0 1,150 0 0 0 1,150 Dormant fund
Park Avenue outreach 1,073 0 0 0 1,073 0 1,073 0 0 Dormant fund
Park Avenue Development fund 1,063 1,905 1,905 0 1,063 0 417 0 646 To be used for future work at Park Avenue
Park Avenue Unconditional gift 5,071 123 333 (109) 4,752 140 216 (126) 4,550 To be used for future work at Park Avenue
Park Avenue Bennett bequest 150 0 0 0 150 5 0 (5) 150
St Andrews craft group 0 0 0 0 0 0 0 386 386 Funds held for St Andrews craft group
Internal Groups 65,733 42,755 35,401 (4,979) 68,108 62,694 54,933 (6,187) 69,682 See next table
Total 83,193 47,686 41,172 (5,088) 84,619 64,826 59,378 (5,757) 84,310
Total 336,040 400,420 398,336 (2,024) 336,087 413415 405938 2850000 3,193,564
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Page. 23
Notes on the accounts
Details for all internal groups shown as total line on previous table
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Balance at Balance at Balance at
31st August Income Expenditure Transfers 31st August Income Expenditure Transfers 31st August Fund purpose
2021 2022 2023
Internal group funds
Harpole BB 1530 0 0 0 1530 0 547 0 983 Dormont residual balance
Kingsthorpe GB 3491 4411 2872 0 5030 5276 5562 0 4744 Children and youth work Girls Brigade
Kingsthorpe catering 1211 245 99 (763) 594 562 450 (185) 521 Catering group linked to Kingsthorpe
Kingsthorpe Badmington 208 594 540 0 262 887 825 0 324 Sport group
Kingsley Junior Church 1194 329 0 865 0 100 0 765 Children and youth work
Kingsley GB 2889 1140 671 0 3358 1672 1983 0 3047 Children and youth work Girls Brigade
Kingsley BB 13905 1086 928 (25) 14038 1358 617 0 14779 Children and youth work Boys Brigade
Kingsley other 1243 0 565 (678) 0 0 0 0 0 Dormont residual balance
Park Avenue Toddlers group 229 26 101 0 154 206 111 (200) 49 Under 5's group
Park Avenue Youth Group 174 0 0 0 174 0 0 0 174 Dormont residual balance
Park Avenue Choir 82 0 0 0 82 0 50 0 32 Dormont residual balance
Park Avenue 15 club 36 200 195 0 41 300 185 (125) 31 Fellowship group
Park Avenue Womens fellowship 328 2546 1355 0 1519 2441 1383 (1,000) 1577 Fellowship group
Park Avenue Netw ork 0 1950 0 0 1950 17685 15488 (1,000) 3147 Fellowship group
Park Avenue BB 517 1000 898 0 619 1000 1262 0 357 Children and youth work Boys Brigade
Queensgrove Tuesday ladies 840 748 526 0 1062 1022 899 0 1185 Fellowship group
Queensgrove Mens Group 1003 0 1003 0 0 0 0 0 0 Dormont residual balance
Queensgrove BB 5521 7192 6974 0 5739 6452 7129 0 5062 Children and youth work Boys Brigade
St Andrew s BB 22937 11425 12570 0 21792 12979 11299 0 23472 Children and youth work Boys Brigade
St Andrew s Tuesday club 379 143 188 (69) 265 1437 783 (477) 442 Fellowship group
St Andrew s craft 685 596 14 (700) 567 500 21 (586) 460 Craft based fellowship group
St Andrew s other 106 0 0 (106) 0 0 0 0 0 Dormont residual balance
Tow cester Rd BB 3675 7304 4384 (1,000) 5595 5602 5258 (800) 5139 Children and youth work Boys Brigade
Tow cester Rd Bow ls 2648 1383 984 (1,000) 2047 2128 707 (1,000) 2468 Sport group
Tow cester Rd Knit and Natter 902 766 205 (638) 825 1187 274 (814) 924 Craft based fellowship group
0 0
0 0
0 0
Total 65733 42755 35401 (4,979) 68108 62694 54933 (6,187) 69682
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Page. 24
Independent examiners report to the Trustees of Northampton Methodist Church
This Report is on the Northampton Methodist Church Accounts for the year ended 31st August 2023 and Is carried out under Sections 145 of the Charities Act 2011.
Respective responsibilities of Trustees and Examiner
As Trustees, you are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 and that an independent examination is needed. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants England & Wales.
It is my responsibility to:
to follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 act; and
to state whether any particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general Directions given by the Charity Commission . An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
Page. 25
Independent examiners report to the Trustees of Northampton Methodist Church
- to keep accounting records in accordance with Section 130 of the Charities Act ; and
-
to prepare accounts which accord with the accounting records and comply with the
-
accounting requirements of the Charities Act have not been met; or .
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
-
of the accounts to be reached.
-
(3) I have not obtained independent verification of all investments with the Trustees for Methodist
-
Church Purposes ("TMCP") or held in other Trusts, Bank balances and Funds at the Central Finance Board of the Methodist Church ("CFB"), which are individually in excess of £10,000 at the balance sheet date.
Name Miss C Haynes ACA 30 June 2024 Qualification reference ACA ICAEW 7945127
Address 4 Delamere Road Northampton NN4 8QG
Page. 26
Appendix A Church Council membership
CHAIR
Rev David Spiers SECRETARY Miss Sarah Eason MINISTERS Rev Francis M Itiiri (Until August 2023) Rev Ian Forsyth
STEWARDS Mr Trevor Clarke Mrs Pat Oliver Mrs. Hilary MacCallum (until Aug 2024) Ms Linda Caines Ms Rachel Pell Mrs Fran Perry Mrs Kate Stretton Mrs Hilary Walden Mrs Charmaine Wareham Voyce
REPRESENTATIVES
Mr Keith Brooks Mrs Jenny Brooks Miss Pam Kirkland Dr Hellen Okello Mrs Elizabeth Hale (Until May 2024) Mr Phillip Leeson Miss Laura Ferris Mr Paul Deakin
Page. 27