**REGISTERED CHARITY NUMBER: 514360** ## **GARSTANG FREE METHODIST CHURCH** **TRUSTEES' REPORT AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** Scott & Wilkinson Dalton House > 9 Dalton Square LANCASTER LA1 1WD **GARSTANG FREE METHODIST CHURCH** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Trustees' Report**|2|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**||9|| |**Notes to the Financial Statements**|10|to|16| **GARSTANG FREE METHODIST CHURCH** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022** **Trustees** Mr J Carter Mrs S Kelsall Mr P Wells Mr P Yates Mrs R Thornton Mrs K Caunce Mrs A Fearnhead Mrs A Blundell Miss R Corkish **Principal address** Windsor Road Garstang PRESTON PR3 1ED **Registered charity number** 514360 **Independent examiner** Scott & Wilkinson Dalton House 9 Dalton Square LANCASTER LA1 1WD Page 1 **GARSTANG FREE METHODIST CHURCH** **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objectives and activities** The object of the Free Methodist Church is the furtherance of the religious and other charitable works of the Free Methodist Church of North America. The Elder Trustees fully appreciate the wide range of ages and needs within the fellowship and the community. They are committed to providing an environment which encourages people to live out their Christian faith. This is done in the first instance through worship and prayer, Bible teaching and pastoral care but there are also opportunities for people to express their faith in word and deed within the wider community. The primary purpose of the church is discipleship: for each of us to be disciples and to make disciples, within the church and without, in the local community and beyond. When planning the church's activities the Elder Trustees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Page 2 **GARSTANG FREE METHODIST CHURCH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** ## **Achievement and performance** ## **Worship** The Pastors and leadership have tried to provide a balanced form of worship which appeals to all age groups in our two regular Sunday services. To that end we have a mix of music styles provided by a group of musicians from within the fellowship. These musicians themselves reflect the range of ages within the fellowship. A youth band also provides worship at services particularly aimed at the young people. We have a significant number of young families in the church and hold Sunday School during the morning service and a crèche for children under school age. However, the leadership do feel it is important that the children are also made to feel part of the whole fellowship so they remain in the early part of the morning service where they can join in the worship and enjoy a short story to suit the age group before going to Sunday School or crèche. The leadership believe that the family aspect of church is very important and an 'All Age' Service is held on a regular basis. The Sunday evening service tries to reflect the different needs and preferences within the congregation. It is usually a less formal service and takes a variety of different forms. It sometimes offers the opportunity to share from personal experience. ## **Bible teaching** This is seen as an essential part of the church's ministry and is an important part of the Sunday services. Sermons are preached by our own pastors and lay preachers as well as visiting speakers. Some of the young people within the fellowship are given opportunity to speak when it is recognised that they are gifted in this area. ## **Prayer** Prayer is considered a must for a healthy church and there are many opportunities for people to join in corporate prayer. We hold a prayer meeting each Tuesday evening. There is also opportunity for prayer in the small groups which meet regularly in a variety of locations in the area. A prayer team is available to pray for those who have particular needs and request prayer. A prayer room is available within the church building for private prayer at any time and is used for prayer needs at the end of each Sunday service. ## **Work with children** In addition to the Sunday School, there are other activities for children of different age groups: Toddle In meets on Thursday morning and provides opportunity for parents / carers with toddlers to meet and relax. Its reputation is such that local agencies often refer young parents to it. Kidz Klub, for children in school years 1-4, meets on Tuesday evenings in term time. Their regular activities include games, Bible stories and crafts. Connect, for children in school years 5-7, meets on Friday evening in term time. Again their regular activities include games, Bible stories and crafts. Annually, there is an organized weekend away for Kidz Klub and Connect children using the facilities of a local Boys' Brigade. We also annually hold a holiday club for children aged five to 11 on five successive mornings in August. This is available to children from church families as well as others from the local community. Activities in both of these events include music, drama, crafts and Bible teaching. ## **Work with teenagers** Youth for those in school year 8 and above meets on a Friday evening and involves a variety of activities. We alternate between games nights, worship + word and chill nights. We organise regular external activities and have an annual, residential weekend away. Page 3 **GARSTANG FREE METHODIST CHURCH** **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** Rooted is a new youth group for those who wish to go deeper into the Bible and look at bigger topics aside from a Friday evening. It is held on Sunday evenings, which also encourages our youth to come along to the evening service before the meeting. Footprints is a fortnightly Sunday group that meets during the morning service and is for school years 7 and 8. This provides specific Bible content with leaders who help with the transition to high school and youth and also in being a more central part of our Sunday worship. ## **Work with the elderly** Our approach to working with older people aims to provide for every aspect of their lives; spiritual, emotional, practical. To this end we have Friday Focus, which meets every Friday morning and has a different focus each week of the month. Focus on Prayer and Focus on The Bible helps meet the spiritual needs of those who attend the church, where they are able to share needs and concerns in confidence. Focus on the Bible allows us to discuss issues that are sometimes puzzling in a rapidly changing world while taking a biblical approach to understanding. Focus on Film followed by a light lunch attracts people from within and without the church helping combat loneliness and develop new friendships. Eating together is an important aspect of spending time together but COVID regulations has prevented our being able to serve food. We will reinstate this as soon as possible. Focus on People is a great opportunity to hear about other people's lives and get to know other better. It is an effective way of introducing new people and allowing the opportunity to share our histories and appreciate each other. Our regular Sunday mornings which were held in three local residential homes for the elderly have also had to be halted for the time being, but we have tried to maintain contact through cards, letters and gifts. We will reinstitute these as soon as possible because they do offer residents the chance to hear and join in some old hymns, to pray together., hear a short message and chat generally. On issues of pastoral care, it is recognised that some areas need to be dealt with by the pastors but others can be undertaken by lay members of the church. Pastors visit those who are in hospital or bereaved but other visits are undertaken by trusted volunteers. The pastoral team will visit those who are housebound on a monthly basis as well as those who the pastors feel would benefit from a visit. A wheelchair is available in the church and a loop system is fitted for those with hearing difficulties. Of particular benefit in small group situations have been the six portable loop hearing systems that were purchased some time ago. We have also purchased a walker which is kept in the church for anyone who might need it. We aim to hold craft days at times which allow people to exercise their creativity, while also providing easy activities for the not so creative. These prove very therapeutic and relaxing for those who attend. We are at present looking into how we can help combat loneliness amongst the older generation and hope to be able to befriend those who struggle in their later years. All our activities are free of charge. ## **Work with adults** There currently 14 small groups that meet on a regular basis for study, prayer and fellowship together. Another two groups will be starting in September 2023 to accommodate increasing demand and need in the growing church fellowship. Some groups meet in the church premises but others meet in homes. Groups are both interest and age based and meet on a variety of days and times to offer something for everyone. Approximately, 70% of the church membership and regular attenders are engaged in small groups. Individuals are free to choose a group that best suits their particular needs, but the Adult Director can help to point individuals to particular groups that have space for new members. When need arises, groups are organised to introduce seekers to the Christian faith, disciple new Christians in their faith and promote Christian values in relationships and marriage. In the past year the fellowship has participated in workshops teaching and encouraging intentional faith and witness. As a result, 13 missional bands have been established. These are small groups of 3-4 individuals who meet regularly to have intentional faith conversations followed by prayer. The aim is to encourage one another to continue growing in their faith and become more confident in demonstrating that faith in everyday life and experiences. Page 4 **GARSTANG FREE METHODIST CHURCH** **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** Some church members are involved in various community projects offering help and support to homeless people or those in need due to the ongoing current cost of living crisis. Some members work with Ukrainian families in the area offering friendship, advice and help as appropriate. Many members support these projects with regular gifts of time, food, clothing and money. There is a twice monthly Craft Café for adults which is an outreach activity. Church members as well as those with no church connection enjoy crafting activities, refreshments and conversation together. Average attendance overall is around 25 at these meetings. ## **Mission** The church recognises its responsibility to encourage and support the world wide church and has given, from its income, money towards mission work in Greece, Hungary and Ukraine. It has also made many donations towards the work of national and international Christian mission work including, but not limited to: Cedar House counselling service in Preston, The Christian Institute, Christian Motorcyclists Association, Pakistan, Gideons International, Grace Ministries and NISCU. In addition to all of this, special collections are made during Christmas, Easter and Harvest services to support worthy and topical causes, most recently towards the earthquake in Turkey and a local food bank. The church has been further developing its relationship with a Christian ministry in Ukraine, with further ongoing support over the past few years. We have raised funds as a church, and many members have given additional gifts to support the work in Ukraine, in particular the development of a drug rehabilitation centre. 2022 saw the beginning of the war between Russia and Ukraine. As a church we saw this as an opportunity to raise funds to help with this crisis and funds were raised to help those on the ground in Ukraine provide food and shelter to those in need and displaced. This has been ongoing through 2023. Our mission partners fled Ukraine in 2022 and transitioned to Garstang for a period of 10 months - during which the church was able to help them financially. ## **Thornton Light & Life Church** In 2017 the church plant into Thornton was officially launched. Over the years it has grown, with a large core of committed members, and its own leadership team which was established to manage the direction and day to day running of the church, while remaining under the responsibility and oversight of the Elder Trustees of Garstang Free Methodist Church. In March 2022, Thornton Light & Life Church was established as a separate society. Garstang Free Methodist Church continues to partner with Thornton Light & Life, providing practical, spiritual and financial support. ## **Volunteers** We would like to thank all the volunteers who work tirelessly to make the church the loving fellowship it is. It would be wrong to single out anyone for special mention but we do want to acknowledge that everything that is done is an expression of the love and commitment everyone has for the Lord, the fellowship of believers and the wider community in which we live. The church is aware of, and takes seriously its safeguarding responsibilities and, where appropriate, volunteers are DBS checked. A specialist external advisor has designed our safeguarding policies and relevant training is compulsory. ## **Financial review** The attached financial statements give a breakdown of the income and expenditure of the charity during 2022 and show that the charity ended 2022 with free reserves of £37,300 (2021: £30,931). It is the policy of the charity to maintain the free reserves at a level equivalent to approximately two months of expenditure to cover church running costs should income fall. The amount recovered from HMRC through the Gift Aid scheme was £31,152. This continues to be a crucial source of income for the church. Page 5 **GARSTANG FREE METHODIST CHURCH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** ## **Structure, governance and management Governing document** The main governing document of the Charity is the Trust Deed dated 21 April 1983. In 2017 the Church Membership voted to adopt a new structure for governance and management of the church and its ministries. The Church Leadership Team (CLT), which had been comprised of trustees who worked alongside the pastors to lead the church as well as its individual ministries, was replaced with two new bodies: the Elder Trustees (ET) and the Ministry Leadership Team (MLT). The church is governed by the Elder Trustee Board which is comprised of two lay delegates, a finance director, a fabric director and five elder trustees. All are trustees of the Church and work closely with the pastors in promoting the whole mission of the Church to provide pastoral care, an evangelistic outlook, opportunity for fellowship and awareness of the needs of the Church worldwide. The purpose of the Elder Trustees is to provide governance and to empower the pastoral team to fulfil the Church mission statement, to be "a Christian community discipling all generations". The Elder Trustees are also responsible for the upkeep of the Church properties (which comprise the church building on Windsor Road, the Meadow Park manse and a house on Pine Grove previously bequeathed to the church) and to manage and monitor the finances of the Church. The lay delegates represent the church in the UK Free Methodist conference where they and the pastors have voting rights. Election to the Elder Trustee Board takes place annually in June. Elder Trustees are initially appointed for a twelve month term, and then if re-elected can choose to serve for terms of between 12 months and three years, in order to stagger the dates on which appointments are made. Ministry Leaders are appointed by the pastors and ratified by the Church Membership at the ASM. They undertake supervision of specific ministry areas including Children, Youth, Adult, Seniors and Worship, and seek to fulfil the Church's mission statement through those ministries. Throughout the year Rev Ian Heath served as Lead Pastor for the church, Rev Andy Woof served as Associate Pastor and Mr Andrew Tissingh served as Families, Youth and Missions Pastoral Assistant. The local church is answerable to the UK conference of the Free Methodist Church which is led by National Leader Rev John Townley. Approved by order of the board of trustees on ...... October 2023 and signed on its behalf by: ........................................................................ Mrs R Thornton - Trustee Page 6 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GARSTANG FREE METHODIST CHURCH** ## **Independent examiner's report to the trustees of Garstang Free Methodist Church** I report to the charity trustees on my examination of the accounts of Garstang Free Methodist Church (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. T M Preece F.C.C.A Scott & Wilkinson Dalton House 9 Dalton Square LANCASTER LA1 1WD Date: ...... October 2023 Page 7 **GARSTANG FREE METHODIST CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |**Notes**
**Income and endowments from**
Donations and legacies
**Charitable activities**
Church activities
Pine Grove
Investment income
2
**Total**
**Expenditure on**
**Charitable activities**
Church activities
Pine Grove
**Total**
**NET INCOME/(EXPENDITURE)**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
169,140
-
-
73
169,213
185,672
-
185,672
(16,459)
872,116
855,657|**Restricted**
**funds**
**£**
53,246
-
1,250
-
54,496
32,689
-
32,689
21,807
635,636
657,443|**2022**
**Total**
**funds**
**£**
222,386
-
1,250
73
223,709
218,361
-
218,361
5,348
1,507,752
1,513,100|**2021**
**Total**
**funds**
**£**
209,754
343
1,500
5
211,602
222,386
70
222,456
(10,854)
1,518,606
1,507,752| |---|---|---|---|---| The notes form part of these financial statements Page 8 **GARSTANG FREE METHODIST CHURCH** ## **BALANCE SHEET 31 DECEMBER 2022** |**Notes**
**Fixed assets**
Tangible assets
5
**Current assets**
Debtors
6
Cash at bank
**Creditors**
Amounts falling due within one year
7
**Net current assets**
**Total assets less current liabilities**
**NET ASSETS**
**Funds**
8
Unrestricted funds
Restricted funds
**Total funds**|**Unrestricted**
**funds**
**£**
818,357
27,232
23,708
50,940
(13,640)
37,300
855,657
855,657|**Restricted**
**funds**
**£**
709,538
-
57,905
57,905
(110,000)
(52,095)
657,443
657,443|**2022**
**Total**
**funds**
**£**
1,527,895
27,232
81,613
108,845
(123,640)
(14,795)
1,513,100
1,513,100
855,657
657,443
1,513,100|**2021**
**Total**
**funds**
**£**
1,550,723
24,262
100,237
124,499
(167,470)
(42,971)
1,507,752
1,507,752
872,116
635,636
1,507,752| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ...... October 2023 and were signed on its behalf by: ............................................. Mrs S Kelsall - Trustee The notes form part of these financial statements Page 9 **GARSTANG FREE METHODIST CHURCH** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **1. Accounting policies** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 2% Straight Line (improvements only) Fixtures and fittings - 20% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 10 **GARSTANG FREE METHODIST CHURCH** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **2. Investment income** |**Investment income**|||| |---|---|---|---| ||**2022**|**2021**|| ||**£**|**£**|| |Deposit account interest|73||5| ## **3. Trustees' remuneration and benefits** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **4. Comparatives for the statement of financial activities** |**Income and endowments from**
Donations and legacies
**Charitable activities**
Church activities
Pine Grove
Investment income
**Total**
**Expenditure on**
**Charitable activities**
Church activities
Pine Grove
**Total**
**NET INCOME/(EXPENDITURE)**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
180,024
343
-
5
180,372
196,190
-
196,190
(15,818)
887,934
872,116|**Restricted**
**funds**
**£**
29,730
-
1,500
-
31,230
26,196
70
26,266
4,964
630,672
635,636|**Total**
**funds**
**£**
209,754
343
1,500
5
211,602
222,386
70
222,456
(10,854)
1,518,606
1,507,752| |---|---|---|---| Page 11 **GARSTANG FREE METHODIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **5. Tangible fixed assets** |**Freehold**
**property**
**£**
**Cost**
At 1 January 2022
1,522,418
Additions
136
At 31 December 2022
1,522,554
**Depreciation**
At 1 January 2022
27,798
Charge for year
14,190
At 31 December 2022
41,988
**Net book value**
At 31 December 2022
1,480,566
At 31 December 2021
1,494,620
**6.**
**Debtors: amounts falling due within one year**
Gift Aid recoverable
Prepayments
**7.**
**Creditors: amounts falling due within one year**
Taxation and social security
Other creditors|**Equipment**
**£**
134,013
3,057
137,070
78,888
11,635
90,523
46,547
55,125||**Fixtures**
**and**
**fittings**
**£**
113,068
-
113,068
112,090
196
112,286
782
978
**2022**
**£**
24,171
3,061
27,232
**2022**
**£**
1,742
121,898
123,640|**Totals**
**£**
1,769,499
3,193|**Totals**
**£**
1,769,499
3,193|**Totals**
**£**
1,769,499
3,193| |---|---|---|---|---|---|---| |||||1,772,692||| |||||218,776
26,021||| |||||244,797||| |||||1,527,895||| |||||1,550,723||| ||||||**2021**
**£**
21,487
2,775
24,262
**2021**
**£**
1,837
165,633|**2021**
**£**
21,487
2,775| |||||||24,262| ||||||167,470|| Page 12 **GARSTANG FREE METHODIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **8. Movement in funds** |**Unrestricted funds**
General fund
Building Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**At 1/1/22**
**£**
838,879
33,237
872,116
1,685
610,814
23,137
635,636
1,507,752
**Incoming**
**resources**
**£**
169,213
36,417
16,829
1,250
54,496
223,709||**Net**
**movement**
**in funds**
**£**
(16,459)
-
(16,459)
17,918
2,639
1,250
21,807
5,348
**Resources**
**expended**
**£**
(185,672)
(18,499)
(14,190)
-
(32,689)
(218,361)|**At**
**31/12/22**
**£**
822,420
33,237
855,657
19,603
613,453
24,387
657,443
1,513,100
**Movement**
**in funds**
**£**
(16,459)
17,918
2,639
1,250
21,807
5,348| |---|---|---|---|---| |||||| |||||| |||||| |||||| Page 13 **GARSTANG FREE METHODIST CHURCH** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **8. Movement in funds - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
Building Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**At 1/1/21**
**£**
854,697
33,237
887,934
1,185
607,780
21,707
630,672
1,518,606|**Net**
**movement**
**in funds**
**£**
(15,818)
-
(15,818)
500
3,034
1,430
4,964
(10,854)|**At**
**31/12/21**
**£**
838,879
33,237| |---|---|---|---| ||||872,116
1,685
610,814
23,137| ||||635,636| ||||1,507,752| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
180,372
12,216
17,514
1,500
31,230
211,602|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(196,190)
(15,818)
(11,716)
500
(14,480)
3,034
(70)
1,430
(26,266)
4,964
(222,456)
(10,854)|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(196,190)
(15,818)
(11,716)
500
(14,480)
3,034
(70)
1,430
(26,266)
4,964
(222,456)
(10,854)| |---|---|---|---| ||||4,964| ||||(10,854)| Page 14 **GARSTANG FREE METHODIST CHURCH** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **8. Movement in funds - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
Building Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**At 1/1/21**
**£**
854,697
33,237
887,934
1,185
607,780
21,707
630,672
1,518,606|**Net**
**movement**
**in funds**
**£**
(32,277)
-
(32,277)
18,418
5,673
2,680
26,771
(5,506)|**At**
**31/12/22**
**£**
822,420
33,237| |---|---|---|---| ||||855,657
19,603
613,453
24,387| ||||657,443| ||||1,513,100| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
349,585
48,633
34,343
2,750
85,726
435,311|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(381,862)
(32,277)
(30,215)
18,418
(28,670)
5,673
(70)
2,680
(58,955)
26,771
(440,817)
(5,506)|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(381,862)
(32,277)
(30,215)
18,418
(28,670)
5,673
(70)
2,680
(58,955)
26,771
(440,817)
(5,506)| |---|---|---|---| ||||26,771| ||||(5,506)| Page 15 **GARSTANG FREE METHODIST CHURCH** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **9. Related party disclosures** There were no related party transactions for the year ended 31 December 2022. Page 16