Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
REGISTERED CHARITY NUMBER: 514360
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Trustees' Report | 2 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
| Trustees | Mr J Carter (resigned 8/6/2023) |
|---|---|
| Mrs S Kelsall | |
| Mr P Wells | |
| Mr P Yates | |
| Mrs R Thornton | |
| Mrs K Caunce | |
| Mrs A Fearnhead | |
| Mrs A Blundell (resigned 8/6/2023) | |
| Miss R Corkish | |
| Mr M Thornton (appointed 8/6/2023) | |
| Mr J Fisher (appointed 8/6/2023) | |
| Principal address | Windsor Road |
| Garstang | |
| PRESTON | |
| PR3 1ED | |
| Registered charity number | 514360 |
| Independent examiner | Xeinadin |
| Dalton House | |
| 9 Dalton Square | |
| LANCASTER | |
| LA1 1WD |
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
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.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
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 weekly 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. 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 had to be halted due to Covid. We have now been able to fully reconnect with one of the residential homes. It became clear that a different format to that of our previous meetings was needed, so while we try to make sure we provide for the spiritual needs of residents with occasional prayer, hymns and a message, we also recognise that building friendships on a one to one basis and encouraging them to use their talents and abilities through crafts, memory experiences and a variety of games, is also not only enjoyable but a great benefit to all involved.
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.
Work with adults
There currently 16 life groups that meet on a regular basis for study, prayer and fellowship together. There are approximately 70-75% of members and regular attenders who have connections with these groups. 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. We are very blessed to have 25 individuals who are committed to leading/co-leading these 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. The fellowship continues to participate in workshops and courses on teaching and encouraging intentional faith and witness.
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. These activities and life groups actively promote whole life discipleship among believers.
There's a variety of outreach activities run by volunteers from the church membership. Some members continue to work with Ukrainian families in the area offering friendship, advice and help as appropriate. Several members volunteer with a local food bank hosted by another area church.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
There is a monthly Craft Café at GFM for adults, attended by members as well as those with no church connection who enjoy crafting activities, refreshments and conversation together. Average attendance overall is around 20 at these meetings.
There is also a Welcome Café once a week offering a light lunch and opportunity to share conversation and friendship with others.
Many members support these projects with regular gifts of time. money and prayer.
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, Good News for Everyone (formerly the Gideons), 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 Mission Aviation Fellowship 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.
Early 2022, when Russia invaded Ukraine, we raised funds to help with this crisis, to provide aid to those on the ground in Ukraine and to provide resources to those who had been displaced. This has been ongoing through 2023 and 2024. Our mission partners fled Ukraine in 2022 and transitioned to Garstang for a period of 10 months, but they have since returned and we continue to support their ministry work.
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, with financial commitment made until the end of 2026.
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 2023 and show that the charity ended 2023 with free reserves of £159,218 (2022: £37,300). 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 £33,127. This continues to be a crucial source of income for the church.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
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. Mr Andrew Tissingh served as Families, Youth and Missions Pastoral Assistant until his resignation in May 2023.
The local church is answerable to the UK conference of the Free Methodist Church which is led by National Leader Rev John Townley.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of trustees' responsibilities - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
10/18/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... CiCF2418C18A6445E... by:
Mrs A Fearnhead - Trustee
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
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 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: .............................................
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Income and endowments from Donations and legacies Charitable activities Church activities Pine Grove Investment income 2 Other income Total Expenditure on Charitable activities Church activities Pine Grove Total NET INCOME/(EXPENDITURE) Transfers between funds 8 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 209,981 370 - 1,458 83,203 295,012 186,886 - 186,886 108,126 570,586 678,712 855,657 1,534,369 |
Restricted funds £ 27,062 - - - - 27,062 25,545 2,230 27,775 (713) (570,586) (571,299) 657,443 86,144 |
2023 Total funds £ 237,043 370 - 1,458 83,203 322,074 212,431 2,230 214,661 107,413 - 107,413 1,513,100 1,620,513 |
2022 Total funds £ 222,386 - 1,250 73 - |
|---|---|---|---|---|
| 223,709 | ||||
| 218,361 - |
||||
| 218,361 | ||||
| 5,348 - |
||||
| 5,348 1,507,752 |
||||
| 1,513,100 |
The notes form part of these financial statements
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
BALANCE SHEET 31 DECEMBER 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 5 | 1,375,151 | - | 1,375,151 | 1,527,895 | |
| Current assets | ||||||
| Debtors | 6 | 36,195 | - | 36,195 | 27,232 | |
| Cash at bank | 148,696 | 86,144 | 234,840 | 81,613 | ||
| 184,891 | 86,144 | 271,035 | 108,845 | |||
| Creditors | ||||||
| Amounts falling due within one year | 7 | (25,673) | - | (25,673) | (123,640) | |
| Net current assets | 159,218 | 86,144 | 245,362 | (14,795) | ||
| Total assets less current liabilities | 1,534,369 | 86,144 | 1,620,513 | 1,513,100 | ||
| NET ASSETS | 1,534,369 | 86,144 | 1,620,513 | 1,513,100 | ||
| Funds | 8 | |||||
| Unrestricted funds | 1,534,369 | 855,657 | ||||
| Restricted funds | 86,144 | 657,443 | ||||
| Total funds | 1,620,513 | 1,513,100 |
The financial statements were approved by the Board of Trustees and authorised for issue on 10/18/2024 ............................................. and were signed on its behalf by:
............................................. Mrs S Kelsall - Trustee
The notes form part of these financial statements
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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% 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.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. Investment income
| Investment income | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Deposit account interest | 1,458 | 73 |
3. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
4. Comparatives for the statement of financial activities
| Income and endowments from Donations and legacies Charitable activities Pine Grove Investment income Total Expenditure on Charitable activities Church activities NET INCOME/(EXPENDITURE) Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 169,140 - 73 169,213 185,672 (16,459) 872,116 855,657 |
Restricted funds £ 53,246 1,250 - 54,496 32,689 21,807 635,636 657,443 |
Total funds £ 222,386 1,250 73 |
|---|---|---|---|
| 223,709 | |||
| 218,361 | |||
| 5,348 1,507,752 |
|||
| 1,513,100 |
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. Tangible fixed assets
| Freehold property £ Cost At 1 January 2023 1,522,554 Additions - Disposals (130,000) At 31 December 2023 1,392,554 Depreciation At 1 January 2023 41,988 Charge for year 14,044 At 31 December 2023 56,032 Net book value At 31 December 2023 1,336,522 At 31 December 2022 1,480,566 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 £ 137,070 1,333 (384) 138,019 90,523 9,493 100,016 38,003 46,547 |
Fixtures and fittings £ 113,068 - - 113,068 112,286 156 112,442 626 782 2023 £ 33,127 3,068 36,195 2023 £ 997 24,676 25,673 |
Totals £ 1,772,692 1,333 (130,384) 1,643,641 244,797 23,693 268,490 1,375,151 1,527,895 2022 £ 24,171 3,061 27,232 2022 £ 1,742 121,898 123,640 |
|
|---|---|---|---|---|
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. Movement in funds
| Unrestricted funds General Fund Building Fund Kingdom Ministries Restricted funds Specified Gifts Building Fund Pine Grove TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General Fund Restricted funds Specified Gifts Building Fund Pine Grove TOTAL FUNDS |
At 1/1/23 £ 822,420 33,237 - 855,657 19,603 613,453 24,387 657,443 1,513,100 as follows: |
Net movement in funds £ 108,126 - - 108,126 317 1,200 (2,230) (713) 107,413 Incoming resources £ 295,012 25,862 1,200 - 27,062 322,074 |
Transfers between funds £ 548,786 - 21,800 570,586 - (565,793) (4,793) (570,586) - Resources expended £ (186,886) (25,545) - (2,230) (27,775) (214,661) |
At 31/12/23 £ 1,479,332 33,237 21,800 1,534,369 19,920 48,860 17,364 86,144 1,620,513 Movement in funds £ 108,126 317 1,200 (2,230) (713) 107,413 |
||
|---|---|---|---|---|---|---|
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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 1/1/22 £ 838,879 33,237 872,116 1,685 610,814 23,137 635,636 1,507,752 |
Net movement in funds £ (16,459) - (16,459) 17,918 2,639 1,250 21,807 5,348 |
At 31/12/22 £ 822,420 33,237 |
|---|---|---|---|
| 855,657 19,603 613,453 24,387 |
|||
| 657,443 | |||
| 1,513,100 |
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 £ 169,213 36,417 16,829 1,250 54,496 223,709 |
Resources Movement expended in funds £ £ (185,672) (16,459) (18,499) 17,918 (14,190) 2,639 - 1,250 (32,689) 21,807 (218,361) 5,348 |
|---|---|---|
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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 Kingdom Ministries 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 |
Net movement in funds £ 91,667 - - 91,667 18,235 3,839 (980) 21,094 112,761 |
Transfers between funds £ 548,786 - 21,800 570,586 - (565,793) (4,793) (570,586) - |
At 31/12/23 £ 1,479,332 33,237 21,800 |
|---|---|---|---|---|
| 1,534,369 19,920 48,860 17,364 |
||||
| 86,144 | ||||
| 1,620,513 |
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 £ 464,225 62,279 18,029 1,250 81,558 545,783 |
Resources Movement expended in funds £ £ (372,558) 91,667 (44,044) 18,235 (14,190) 3,839 (2,230) (980) (60,464) 21,094 (433,022) 112,761 |
|---|---|---|
Transfers between funds
The transfer from restricted to unrestricted funds (Building fund to General funds) represents the fixed asset development of the church property. As the terms of any Building fund gift are met once the building development has been completed, therefore allowing the charity to use the property on an unrestricted basis for any charitable purpose.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. Related party disclosures
There were no related party transactions for the year ended 31 December 2023.
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted Restricted funds funds £ £ Income and endowments Donations and legacies Tithes and offerings 166,177 - Gifts 10,677 27,062 Gift aid tax reclaimed 33,127 - Tithes and offerings - Thornton - - 209,981 27,062 Investment income Deposit account interest 1,458 - Charitable activities Misc rental income 370 - Rental income - Pine Grove - - 370 - Other income Gain on sale of tangible fixed assets 83,203 - Total incoming resources 295,012 27,062 Expenditure Charitable activities Wages 82,463 - Social security 1,846 - Pensions 7,940 - Manse running costs 298 - Church running costs 17,428 - Pine Grove costs - 2,230 Telephone 737 - Printing, postage, stationery and advertising 2,438 - Travel and subsistence 417 - Visiting preacher expenses 690 - Church department expenses 2,632 - Outreach and evangelism 533 - Teaching materials and training 1,406 - Conference levy 7,416 - Thornton expenses 7,583 - Depn of freehold property improvements 14,044 - Depn of equipment 9,493 - Carried forward 157,364 2,230 |
2023 Total funds £ 166,177 37,739 33,127 - 237,043 1,458 370 - 370 83,203 322,074 82,463 1,846 7,940 298 17,428 2,230 737 2,438 417 690 2,632 533 1,406 7,416 7,583 14,044 9,493 159,594 |
2022 Total funds £ 137,203 52,319 31,152 1,712 |
|---|---|---|
| 222,386 73 - 1,250 |
||
| 1,250 - |
||
| 223,709 91,527 2,824 9,480 304 14,556 - 691 2,401 554 290 2,842 1,456 1,549 6,444 8,978 14,190 11,635 169,721 |
This page does not form part of the statutory financial statements
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Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
GARSTANG FREE METHODIST CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted Restricted funds funds £ £ Charitable activities Brought forward 157,364 2,230 Depn of fixtures & fittings 156 - Grants payable 26,557 25,545 184,077 27,775 Support costs Finance Bank charges (356) - Governance costs Accountancy fees 1,864 - Subscriptions and licences 1,301 - 3,165 - Total resources expended 186,886 27,775 Net income 108,126 (713) |
2023 Total funds £ 159,594 156 52,102 211,852 (356) 1,864 1,301 3,165 214,661 107,413 |
2022 Total funds £ 169,721 196 44,912 |
|---|---|---|
| 214,829 356 1,968 1,208 |
||
| 3,176 | ||
| 218,361 | ||
| 5,348 |
This page does not form part of the statutory financial statements
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