TONBRIDGE MEfHODIST CHURCH REPORT AND ACCOU￿[S FOR THE YEAR ENDED 31 AUGUST 2024 Registered Charity- re￿stration number 1206065 Weald of Kent Circuit no.361l8 Minister Rev Kirsty McGhe¢ Stewards Valerie Lovett Joanne Rowe John Davts Keith Reynolds Treasurer John Davis TONBRIDGE METHODIST CHURCH TRUSTEESANNUAL REPORT ON FtNANCEAND GOVERNANCE FOR THE YEAR ENDED 31 AUGUST 2024 IKrRODucfIoN Included m th's rctK)rt are the aims of the Church and a commentsry on the financial aspects of its work. Tllls report h&8 been prctured bas￿ on the activities and plans as they are known at the current time. MtSSlON STATEMENT Working together we aim to show God's love in action. W¢ aim to '. Offer a variety of worship which oFKns all who enter to God's transforniing spirit Encourage d¢¢p￿r explorats'on of our faith through discipleship and sharing of our stories Create and sustain a Church family which is r(x)t¢d decply in the love of God Live out our Chn'stian faith in word and action through partnering with our local community and beyond Work with others worldwid¢ for justice, peace and re￿nCiliation REVIEW OF THE YEAR These accounts show an surplus of receipts over ￿YMeThts of ffi531 for the year which has been added to reserves. Income Church income is primarily drawn from offm.ngs and aid tsx recovery The Church premises are made available to a range of organisations who contribute letting income. Grants are provided by the Circuil and the Distnct towards the cost of the Community Lead Expenditure The major expenses a￿.. Payment of the Circuit Assessment w￿.Ch covers the Cost of Circuit ministers and staff Reimbursement of the cost of the Community Lead employed through the Circuit Maintenance and utilities relatmg to the premises Significant Transactions The appointment of the Community Lead, who started in April 2023, was confirn]ed and it is anticipat¢d that this will continue into the future. Th¢ grants wlll'ch cover approximately two thirds of the costs have b¢¢n Committ￿ thorough to 2025. after w￿ch the Church will be seeking additional fundin8 to cotltribute to th's ex￿nSe. The Circuit has agreed to provide conts'nuing funding beyond t￿'S date. The Community Lead has been able to assist the Church in providing community support for famili¢s through a coffee morning and creche. lunches, toast club, a meeting for old¢r members of the community and providing a safe space for teenagers. The Church acts as host to a community larder whi¢h provides supw)rt to members of the local commumty that are in need. The Church has a Legacy Fund which kld a bala￿e of £45822 at 31 August 2024. The fund represents the balanc¢ of 1¢ga￿ monies that ￿Te giv¢n to the Church u) earlier years. Although this fund is unrestricted as defined by charity law it is subject to the rnles of the Methodist Church regarding its use. For this reason it is shown as part of designated funds in the Church Accounts. There are currently no specific plans for the use of this fund but it would be available to cov¢r the cost of the Community Lead if required. TONBRIDGE MEfHODIST CHURCH TRUSTEESANNUAL REPORT ON FINANCE AND GOVERNAN FOR THE YÉAR ENDED 31 AUGUST 2024 FUND BALANCES At 31 August 2024 the cash resources on the gcncTal fund of the Church amounted to £42338 giving approximately 4 months cover for general eX￿nthture. There arc investments and cash resources on the Legacy Fund wknch amounted to £45822 which are available to support the Church when exceptional costs ar]￿ The restricted funds are represented by cash resowces. PLANS FOR 2024 - 2025 The Church financial plans for the coming year have been PTepMred on the basis that gtving by mcmbers, which is largely by monthly stsnding order. will cA)ntinue at a similar level and that Gift Aid CA)ntinues as currently With this income. the letting receipts and the grants that have been committcd the trustccs arc satssfied that there will be sutTicient income and re5CTve5 to meet the ongoing expenth'ture. The Church plans to continue the work of the Community Lead for the forthcoming year. BASIS OF PREPARATIONAND LEGAL FRAMEWORK The Charities annual retK)rt and accounts for the year ended 31 August 2024 have been prepared in accordance with the Chanties Act 2011 and the Accounting and Reporting for Charities. Statement of Recommended Prnctice 2015 as applicable to the Financial ReNirts'ng Standard 102. Full name of Charity Registration Number Date of Re￿StratIOn Main communication address ToDbTidge Methothst Church 1206065 5 December 2023 Higham Lane, Tonbridge. TNIO 4JG The members of the Tonbridge Methoth'st Church Council are the Charity Trustees. The full membership is Sho￿ in Appendix A to thi's rep)rt. CHURCH MtNISTER AND OFFICERS Minister Rev Kirsty McGhee Leadership Team Valerie Lovctt Joanne Rowe Keith Reynolds John Davis John Davis TT¢asurer The treasurer acts as the principal officer overseeing the day to day financial management and accounting for the Church during the year. Inde￿ndent Examiner Trevor Lane - Director in M N Jenks & Co Ltd Investment Bankers Central FinatK¢ Board of tIK Methodist Church Trustees for Metho(hst Church PU[￿SeS TONBRIDGE METHODIST CHURCH TRUSTEES A￿NuAL REPORT ON F￿ANcEAND GOVERNAN FOR THE YEAR ENDED 31 AUGUST 2024 AIMS AND ORGANISATIONS Charity objective is to act as the Methodist Church to its members and adherents within th¢ Tonbridge Area. The purEM)ses of the Methodist chU￿h are and shall be deemed to have Iten since the Date of Union th¢ advancement of.. The Christsan faith in accordanc¢ with the doctn'nal standards and th'scipline of The Methodist Church Any charitable PUTpose for the timc bcing of any Connexional. Distri¢L Churc14 local 01 other organisation of The Methodist Church Any chan'table purpose for the time being of any society or instttution subsith'ary OT ancillary to The Methodist Church. Any purpose for the time being of any Charity being a chan'ty subsidiary or ancillary to Th¢ Methodist Church The organisation and resourcing of regular acts of worsEu'p open to members of the Church and non members alike. The teaching of Chn'stianity through sennons. courses and sm811 gTOUPS. The Tesourcing of pastoral work including visiting the sick and bereave(L Taking T¢ligious assemblies in IcrAI schools. Provision of chaplaincy services to the local university and other institutions. Facilitating the provision of food other SUPPK)rting services to the local community. PUBLIC BENEFIT We confirn) the trustees have had regard to the Chan'ty Commission's gwdance on publi¢ benefit. STRUCTURE. GOVERNANCEAND MANAGEMETr 'I'he governing document for the Church is the Deed of Union (1932) and Methodist Church Act (1976). Detailed governancc atTan8ements are outlined Mthin the Constitutional Practice and Discipline of the Methodist Church by order of the annual Conference (CPD). Day to day management of th¢ Chutch is undcrtaken by the Minister and mcmbers of the Church L¢ad¢rship Team. TRUSTEE TRAfNtNG A range of guidance is pr(MJuced by Methodist Connexion to SUPPK)rt the effective running of the Church. specifically a leafi¢t"Thc Role of a Tn￿tee in The Methodist Church" is ￿Ven to all new Church Council members as induction to their role as trust¢¢s. RELATED PARTES The Church is part of the Weald of Kent Circuit and is also aLYountable to the South FLst District and the Methodist Conference. RISK MANAGEMENT The major risks bave been identtfied and Tecorded by the Church Council supw)rted by th¢ Finance and Propety Committees, with professional advice taken as requ￿¢d. Income and Ex￿nditUTe is monitored in total and is compared with the approved annu￿ budget on a regular basis to detect tr¢nds as of the nsk managemcnt pr(ws. SAFEGUARDtNG Every person has a value and a thgnity which comes directly from the creation of malc and female in God's image and likencss. Christians see this w)tential &s fulfilled by God's re-creats'on of us in Christ. Among other things this implies a duty to value all Frople &s bearing the image of God and th¢T¢fore to protect them from harn]. The Church commits itself to following the practice and px)licies as established by the Methodist Connexion. gov¢rnment le￿SlatIOn and safe practice in safeguarthng matters. Th¢ Church is also committed to the proviston of supp)rt. advice and trw'ning to lay and ord￿'ned people that will ensure they are ¢leaT and confident about their roles and resFX)nsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable. RESERVES POLICY The reserves wlicy of the Church for general funds is to hold a Minimum sum of four months expenditure excluding expenditure that is specifically covered by annual grants. The Church holds funds in its legacy fund which are available subject to appropriate approval from Connexion lo meet any unforeseen item of major ex￿nditUTe. The Church holds restricted funds wkn'ch are available for donation to local needs and other charities. Signed on behalf of the Trustees Rev Kirsty McGhee TONBRIDGE MEfHODIST CHURCH RE￿IFfsAND PAYMwfs AccouNr FOR THE YEAR ENDED 31 AUGUST 2024 Note General DesI￿ted Restricted Fund Fund Fund Total 2024 Totsl 2023 RECEtPTS Chan'table aclivities.. Offerings and tax recovered Investment income Lettings Other receipts 75125 2550 20205 1643 l(K)99 85224 4166 20205 16105 79680 2710 21646 16447 1616 14462 Total Receipts 99523 1616 24561 125700 120483 PAY￿￿K[S Circuit Assessment Donations Rep￿rS and maintenance Utilitses and insurance Lay worker Other pa￿nents 64656 1362 5590 8268 4570 13686 64656 13450 5590 8268 15570 13969 63345 13249 10019 6180 5494 18286 12088 124 159 Total Payments 98132 124 23247 121503 116573 NET RECEtPTS/PAYMENTS Transfers bctwecn funds Gainsllosses on investment assets 1391 1492 1492 -1492 2334 1314 4197 3910 2334 (1200) Net movement in funds 2883 2334 1314 6531 2710 Reconciliation of Funds Total funds brought forward 39455 43488 10790 93733 91023 Total funds carried fonvard 42338 45822 12104 100264 93733 TONBRtDGE METHODIST CHURCH STAIEMENf OF ASSEfs AND LIABILITIES AT 31 AUGUST 2024 Note General Designated Restrict&l Total Fund Fund Funds 2024 Total 2023 NON MONETARY ASSETS Investments 32502 32502 30168 32502 32502 30168 MONETARY ASSETS Bank and Deposit Accounts Trustees for Methodist Church Purposes- deposit CAF- deposit Central Ftnance Board- deFQSit Cash at bank 13320 40976 13320 47393 13320 6417 1362 42089 8156 5687 7049 42338 13320 12104 67762 TOTAL OF NON MONEfARY AND MONETARY ASs￿s 42338 45822 12104 l (M)264 93733 FUNDS OF THE CHURCH General fund Designated funds Restricted fimds 42338 42338 45822 12104 39455 43488 10790 45822 12104 TOTAL FUNDS 42388 45822 12104 l(X)264 93733 STATEMEMf OF OTHER ASSETS AND LIABILITIES (not fomiing part of Receipts and Payments accounts) Assets Debtor for Gift Aid Payments in advance 7970 17094 6684 17063 Liabilittcs Sundry creditors TONBRIDGE METHODIST CHURCH NOTES TO THEACCOUNrs I. BASIS OF PREPARATION OF FINANCIAL STATEMENrs The financial slatements have been pre￿[¢d in accordance with the Accounting and Reporting by Cl]an'ti¢s'. Statement of Recommended Practice applicable to chanties Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) (effectiv¢ l January 2015) - (Chanttes SORP {FRS102)), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRSI 02). The Tonbridge Methoth'st Church mcets the definition of a public benefit entsty under FRS102. Assets and liabilities are initially recognised at historical cost or traDsaction value unless otherwise state(f in the relevant accounting w)licy. The funds hcld ￿nstItUte.. General Funds held for any purp)se of the Church which are unrestsicted. Designated Fund consist of a legacy fund that ljas wide purposes defined in Standing Orders. This item is categorised as unrestricted. Restricted Funds are held for the purFK)se of ea¢h fill￿ and can only be used for the prescribed purpose of that fund. Details of each material fund are disclosed in nole 14 to these accounts. Any fund may be rcprcsented by more than just cash. 3. ACCO[￿ING POLICIES Basis These accounts have been prepared on the basis of historical cost except thai investments are shoTh al their market value at the end of the year. and on a receipts and payments basis. Receipts Recognitton and Resources Expended Receipts and resources exEEnded are included in the Receikrts and Payments Account when the Church rec%ives the funds and makes pftyments. Grants Where grants re￿ived by the Church towards specific expenthture the receipt is attn'buted io the period of the expenth'ture and any wt attributable to a future ￿lod is relained in restricted funds. VAT Since the Church is not VAT reg]stered all input VAT is Clwged with the expenses to which it refers. Investments Investments ar¢ valued m the balance sheet at the market value at the year end. Investment income is included in the accounts when received and any gains or lows on revaluation at th¢ year end are Sho%￿ on the Receipts and Payments AccounL Cash Flow Ex¢mption The financial statements do not include a cash flow statement bccause. as a small chan'ty, it has taken exemption for cash flow in aLrordan¢¢ with FRS102, upxlat¢ bullets'n one. in the pre￿ation of these statements. Fittings and Equipment Expenditure relating to fittings and ¢quipment is wriiten off in the year of purchase. 4. INvEsTME￿r INCOME The income consisls of interest of £704 from de￿)sIts with the Trustees for MethiKlist Church Purposes. £2366 from dewsits with the Centrdl Finance Board of the Methoth'st Church. £184 from deposits at bank and dividends of £912 frorn listed invesiTnents. 5. OTHER RECEIPTS Other reccipts includes £11000 by way of grant towards th¢ Costs of the Lay work￿ and £5105 of donations 6.PAYMÉNfs TO TRUSTÉES There wcr¢ no payments to trtLStc¢s for the current and previous year. 7. LAY WORKER The lay worker is an employce of the Weald of Kent Methodist Circuit. The amount charged in the Receipts and Payments Account represents reimbursement to the cwcuit of this cost and the expenscs incuffed carrying out the lay worker's duties. 8. OTHER EXPENSES Other ¢xpens¢s include the cost of cleaning the ChU￿h premises and general athninistration. The Trustees foT Methodist Church Purposes are the le￿ owner and custoth'an trustees of the legacy fund investments. which arc all listed on a re￿stered Str*k Exchange. Analysis of investment movements.. Market value brought forward Profitl{Loss) on revaluats'on 30168 2334 Market value carried fonvard £32502 The investments generated income of £912 for the year. 10. BANK BALANCES Funds are held by Chantics Aid Foundation (CAF) and Santander PIC on behalf of the Church. I I. CREDITORS The Accounts are prepared on a Receipts and Payments basis which does not require the disclosure of debtors and creditors. The Stal¢ment of Assets and Liabilittes includes as a note the debtors, payments m advance and the cre(htors at 31 August 2024. The TnL8ttrs confirn) that apart from the items shown the Church has no sigmficant Short or long terni liabilities at 31 August 2024. 12. CAPITAL COMM[TTr￿s AND CONTING￿ LIABILrrIES At 31 Augusl 2024 the Church had no capital commitments and no ￿ntingent liabilities were identified. 13. ANALYSIS OF fNDIVIDUAL FUND MOVEME The movement of fimds is Sho￿ below". General Designated Restrictcd Totsl 39455 43488 10790 93733 2883 2334 1314 6531 Balance at I September 2023 Movement in ycar BalanLY at 31 August 2024 £42338 £45822 £12104 £l(M)264 14. DETAILED ANALYSIS OF RESTRICTED FUNDS The movement of restricted fi￿d5 is shown below.. Grant B¢Devolence Uganda Stwial Other Fund Fund Fund CollectRons Balance at I September 2024 6417 3420 164 429 Grants received iiooo Grant expenth'ture -iiooo Donations and t&x recovered Donations paid Other expenses Tota] 360 10790 iiooo -iiooo 13561 -12088 -159 4225 -2429 5874 -57(K) 3462 -3959 -159 Balance at 31 August 2024 £6417 £5216 £338 -£68 £201 £12140 Thc Benevolence Fund supports local and national chan'ts'es and provides individuals with financial support in cases of need. The Uganda Fund sup￿rtS mission. bibl¢ translation and charities in that county. Spe¢wl Collections are held Exrioth'cally in supw)rt of Methodist and other national charlties. 15. RELATED PARTY7RANSACTIONS The following schedule shows the related FHrty transactions for the year and amounts outstanding at the year end. The Weald of Kent Circuit and other Mcthodisl orgamsations are considered related parties for the pUryX￿ of a￿eM1]ning related m transactsons. 2024 2023 Weald of Kent Circuit Assessments paid Lay worker reimbursement Grants received South East Methodist District Grants ￿e1Ved Methodist Church Organisations Donations to Mcthothst rharittes Deposit- Centr81 Finance Board Deposit- Trustees for Methiyjist Church Pur￿>S¢S 64656 14544 5000 63345 5494 5000 6LKIo 1703 2932 42089 13320 13320 16.POST BALANCE SHE￿ EVEKrs Therc are no post balance sheet evenls to rewrL 10 TONBRIDGE MEfHODIST CHURCH DECLARATIONS I confinn that these [￿e1pts and tmymcnts based accounts for the year end 31 Au8USt 2024 have been prepar¢d from the records of the Church and that they include all fimds under the control of th¢ Church Trustees. Signature of Tre&suTer Date 11 tk Name of Treasurer Addr¢ss John Davis 63 Higharn Lane. Tonbridge. Kenl TNIO 4BS PRESENTATION TO THE CHURCH TRUSTEES I confirni that the annual reFK)rt and acLX)unts for the year ended 3 l August 2024 were presented to the meeting of the Church Trustees held on I its si￿tUre of Chair of meeting Name of Chair of meeting Rev. Kirsty McGhee OF TONBRIDGE METHODIST CHURCH I report to th¢ charity truste¢s on my eXam￿￿10n of tk aLwunts for th¢ chanty for the year ended 31 August 2024. RESPONSIBILITIES AND BASIS OF REPORT As tn￿teeS of the chan'ty you arc resp)nsible for the prqwation of the accounts in acLordance with the Charities Act 2011. I reEX)rt in respcct of my examination of your charity accounts as carried out under sects'on 145 of the Charities Act 2011 (the 2011 Act). In carrying out my cxamination I have followed the Directions gjven by the Chan'ty Commission under section 145(5Xb) of the 2011 Act. tNDEPENDENT EXAMINER'S REPORT Th¢ clwities gross in¢om¢ does not exceed £25[￿ and l am aP￿Inted to undertake the eKqminats'on by the Church trustees. I have completed my examination. I confirni that no material matters have come to my attention in connection with the ¢xamination ￿VIng me cause to believe that. in any material res￿t. l.Accounting records were not kept in acLordane£ with section 130 of the 2011 Activities 2.the accounts do not accord with those accounting recor(ts 3.The accounts do not comply with the applicable requirement concerning forni or content of accounts set out in the Charities (Accounts and Rep)rts) Regulations 2008 other than any requirement that the accounts ￿ve a'lrue and fair" view which is nol a matter considered as w of an indeFtndent examination. I have no concerns and have come across no matters in conne¢tion with the examination to which attention should bc drawn in this retK)rt in order to enable a proper undersLindmg of the accounts to be reached. Signed f I Name of examiner Trevor L4ne- Director in M N Jcnks & Co Ltd Qualifications Address 72 Commercial Roa4 Paddock Woo¢ KenL TN12 6DP Date I*EL 12 TONBRJDGE METHODIST CHURCH APPENDIX A CFtL)RCH COUNCIL MEMBERSHIP AS AT 31 AUGUST 2024 Minister Secretary Other Members Rev Kirsty McGhee Joanne Davis John Davis Roi Arden Valerie Lovett Keith Reynolds Jo Rowe Lee Athwal Kate Walker Jane Jordan Jill Gray Lynnc Taylor Jenny Wythes Ann Welch Hugh Taylor Caroline Taluy 13