| Contents | Page | |||
|---|---|---|---|---|
| -rustees-Rw | ||||
| Independent | Examiner's | Report | ||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the | Financial | Statements | 10-15 |
| Le al and | administrative | administrative | information | information | ||
|---|---|---|---|---|---|---|
| Principal | Address: | Great Eccleston | Free Methodist Church |
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| Hall Lane | ||||||
| Great Eccleston | ||||||
| Preston | ||||||
| PR3 OXN | ||||||
| Governing | Document: | Trust Deed sealed on 21 April | 1983as amended by scheme dated |
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| 9March 2000,this makes all members ofthe OFicial Board (now | ||||||
| known as the Church Leadership Team) ofGreat Eccleston Free |
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| Methodist Church Trustees. |
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| Objects ofthe Charity: | The furtherance | ofthe religious | and other charitable work ofthe Free | |||
| Methodist Church ofNorth America (United Kingdom District). |
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| Specific Investment | Powers: | The Church has | asingle, General Fund, deposit account with Virgin Money. | |||
| During the year | 2021 two bank | accounts were held by the Church: | ||||
| General fund current account- | Santander UK pic. | |||||
| General fund deposit account- Virgin Money | ||||||
| Bankers: | Santander UK pic | |||||
| Customer Service Centre | ||||||
| Bootle | ||||||
| Merseyside | ||||||
| L304GB | ||||||
| Virgin Money | ||||||
| Savings Operations | ||||||
| Jubilee House | ||||||
| Gosfoith | ||||||
| Newcastle upon |
Tyne | |||||
| NE3 4PL | ||||||
| Independent | Examiner: | CWR Chartered | Accountants, | |||
| 20Mannin Way | ||||||
| Lancaster Business Park | ||||||
| Caton Road | ||||||
| Lancaster | ||||||
| LA1 3SW |
| {Alltrustees, with t of2021). |
he exception | ofRev SDunn, Mr D Gibbons and Mrs D Montgomery acted for the whol |
|---|---|---|
| Rev. Stephen Dunn Mr. David A Gibbons |
(Chairman) (Appointed 1"June 2021) (Church Delegate and Vice Chairman until resigned 8~ September 2021) |
|
| Mr. Brian Gibbons | ||
| Miss Alison Groves | (Secretary) | |
| Mrs Muriel Horrocks | ||
| Mrs Christine EKelsall Mr. Edward TMontgomery Mr. Robert Tomkins |
(Treasurer) (Senior Steward. Local Ministerial Candidate until resigned 31't December 2021) (Church Delegate and Vice Chairman Rom 8~ September 2021) |
|
| Mrs Donna Montgomery | (Appointed 8~September 2021) |
|
| Trustee selection method: | Trustees are nominated by Members ofthe Society ofthe Great |
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| Eccleston Free Methodist Church. Those nominated are then |
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| confirmed or selected by secret ballot ofSociety Members at an | ||
| Annual Society Meeting (ASM). |
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| Charity's Custodian |
Trustees: | Assets are held by the Trustees ofthe Church {the Trustees listed |
| above.) |
| YEAR END 31STDECEMBE | R 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | For the Year | For the Year | |||
| Ended 31 | Ended 31 | |||||
| General | Designated | December | December | |||
| Note | 2021 | 2020 | ||||
| Incoming Resources | ||||||
| Generated Funds |
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| Voluntary Income: |
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| Tithes &Offerings (including | Gift Aid) | 24,099 | 24,099 | 19,654 | ||
| Income Tax Recoverable (Gift | Aid) | 2,882 | 2,882 | 2@97 | ||
| Donations | 290 | 100 | 390 | 30 | ||
| Legacies | ||||||
| Gifts for Specific Purposes | 652 | 652 | 1,658 | |||
| Gain on disposal ofFurniture | 91 | 91 | ||||
| Investment Income: |
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| Bank Interest | 94 | 94 | 268 | |||
| Grazing Rent - Lodge Farm | 6,761 | 6,761 | 6,701 | |||
| Rent - Rehoboth | 8,400 | 8,400 | 8,400 | |||
| Rent - Great Eccleston Lodge | 8,991 | 8,991 | 7,450 | |||
| Charitable Activities |
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| Football Team Income | 725 | |||||
| Total Incoming Resources | 44,847 | 6,861 | 652 | 52860 | 47,283 | |
| Resources Expended | ||||||
| Charitable Expenditure |
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| Charitable Activities |
2 | 54,028 | 2)247 | 56@75 | 42,139 | |
| Governance Costs |
12 | 1,776 | 1,776 | 1,758 | ||
| Other | 3 | 1,998 | 275 | 2,273 | 818 | |
| Total Resources Expended | 57,802 | 275 | 2,247 | 601324 | 44,715 | |
| Transfer Between Funds | 6,334 | (6,334) | ||||
| Net Movements in Funds |
(6,621) | 252 | (1,595) | (7,964) | 2,568 | |
| Reconciliation ofFunds |
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| Balances Brought Forward 1st | January 2021 | 983,500 | 6,334 | 2,197 | 9927031 | 989&463 |
| Balances Carried Fonvard 31stDecember 2021 | 976,879 | 6,586 | 602 | 984,067 | 992,031 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Fixed Assets | |||||
| Land and Buildings | 8909880 | 890,880 | |||
| Fixtures, Fittings & | Equipment | 2&641 | 2,460 | ||
| Motor Vehicles | 29870 | 3,827 | |||
| 896,391 | 897,167 | ||||
| Current Assets | |||||
| Debtors and Prepayments | 9,394 | 9,604 | |||
| Cash atBank | 82,306 | 89,441 | |||
| Cash in Hand | 711 | ||||
| 91,700 | 99,756 | ||||
| Creditors: Amounts | falling due within | one year | (4,024) | (4,892) | |
| Net Current Assets | 87,676 | 94,864 | |||
| ilet Assets | 984,067 | 992,031 | |||
| Funds | |||||
| Unrestricted Funds: |
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| General Fund | 80,488 | S6,333 | |||
| Fixed Asset Fund | 896@91 | 897,167 | |||
| Designated Fund |
15 | 6,586 | 6,334 | ||
| Restricted Funds | 602 | 2,197 | |||
| Total Funds | 984,067 | 992,031 |
| ACCOUNTING POLICIES |
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|---|---|---|---|---|---|---|---|
| Accounting basis |
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| The financial statements have been re ared in accordance with the Statement ofRecommended Practice: Accounting |
and | ||||||
| Reporting by Charities preparing their accounts in accordance with the Financial |
Reporting Standard applicable |
in the | an | ||||
| Republic ofIreland (FRS102)issued on 16 July 2014and the Financial Reporting | Standard applicable | in the United Kingdom | |||||
| and Republic ofIreland (FRS 102)and the Charities Act 2011and UK Generally | Accepted Practice as | it applies from | I January | ||||
| 2015. | |||||||
| The financial statements have been prepared on agoing concern basis under the |
historical cost convention. | ||||||
| The significant accounting policies applied in the preparation ofthese financial |
statements are set out below. |
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| Going Concern | |||||||
| The Trustees assess vvhether the use ofgoing concern is appropriate i.e.whether |
there are any material | uncertainties related to |
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| events or conditions that may cast significant doubt on the ability ofthe charity |
to | continue as a going concern. The Trustees make | |||||
| this assessment in respect ofaperiod ofone year from the date ofapproval ofthe |
financial statements. | ||||||
| Funds | |||||||
| The accounts include all transactions, assets and liabilities for which the Trustees |
&Church Leadership | Team are responsible | in | ||||
| law. | |||||||
| Unrestricted funds are those available to the Trustees and Church Leadership Team for general use without restriction, |
in | ||||||
| furtherance ofthe charity's objectives. | |||||||
| Designated Funds (unrestricted) are those, where donors have expressed apreference, without imposing |
atrust, | or unrestricted | |||||
| funds set aside at the discretion ofthe trustees for specific, details ofwhich are | given in note 15. | ||||||
| Restricted Funds are to be used for specific purposes as laid down by the donor. |
Expenditure which meets these |
criteria is | charged | ||||
| to the fund. Restricted funds are detailed in note 8. |
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| No accounts ofinformal gatherings ofchurch members are included, as these are |
not under the direct control ofthe Church | ||||||
| Leadership Team. |
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| Incoming Resources | |||||||
| Tithes and Offerings are recognised when received by or on behalf ofthe Church. |
Income under gift aid is recognised | only when | |||||
| received, and income tax recoverable is calculated on income actually received. |
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| Gifts in Kind |
| 2.Charitable Activities |
2.Charitable Activities |
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|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | For the year | For the year | |||
| ended 31 | ended 31 | |||||
| General | Designated | December | December | |||
| 2021 | 2020 | |||||
| Pastor Stipend | 15,758 | 15,758 | ||||
| Church Worker | 16,252 | 16@52 | 19,879 | |||
| Manse running costs |
625 | 625 | 1,128 | |||
| Church running costs |
9,849 | 783 | 10,632 | 6,716 | ||
| Minibus expenses | 734 | 734 | 976 | |||
| Visiting preachers expenses |
190 | 190 | 45 | |||
| Outreach and Evangelism |
974 | 1,150 | 2,124 | 740 | ||
| Giving and donations | 3,674 | 3,674 | 5,926 | |||
| Childrens and youth work |
1,406 | 314 | 1,720 | 925 | ||
| Depreciation offixed Conference levy |
assets | 1,837 1,840 |
1,837 1,840 |
2,094 2Pll |
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| Printing and stationery |
330 | 330 | 221 | |||
| Legal fees | 1,178 | |||||
| Travel expenses and accomodation | 559 | 559 | ||||
| 54,028 | 2,247 | 56,275 | 42,139 | |||
| 3.Other Charitable | Expenditure | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | For the year | For the year | |||
| ended 31 | ended 31 | |||||
| General | Designated | December | December | |||
| 2021 | 2020 | |||||
| Lodge Farm Expenses | 275 | 275 | 367 | |||
| Rehoboth Expenses | 1,998 | 1,998 | 451 | |||
| 1,998 | 275 | 2,273 | 818 | |||
| 4.Freehold Land and Buildings | ||||||
| 2021 | 2020 | |||||
| Hall Lane, Great Eccleston (At Insurance | Cover Valuation 01/01/1997) | 206,000 | 206,000 | |||
| Land and Buildin s |
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| Lodge Farm, Hall Lane, Great Eccleston | (At Probate Value 15/09/2005) | 500,000 | 500,000 | |||
| Alterations at Cost |
201)880 | 201,880 | ||||
| Disposal ofGarage | (17,000) | (17,000) | ||||
| 890,880 | 890,880 |
| 5.Other Tangible Assets | |||
|---|---|---|---|
| Fixtures, Fittings and |
Motor Vehicles |
Total f |
|
| Equipment | 'f | ||
| Cost | |||
| At 1stJanuary 2021 | 15,148 | 7,594 | 22,742 |
| Additions | 1,061 | 1,061 | |
| At 31stDecember 2021 | 16,209 | 7,594 | 23,$03 |
| Depreciation | |||
| At 1stJanuary 2021 | 12,688 | 3,767 | 16,455 |
| Charge in period | 880 | 957 | 1,837 |
| At 31stDecember 2021 | 13,568 | 4,724 | 18,292 |
| Net BookValues | |||
| At 1stJanuary 2021 | 2,460 | 3,$27 | 6,287 |
| At 31stDecember 2021 | 2,641 | 2,870 | 5,511 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Tax Refund on Gift Aid | 6,791 | 7,185 | |||||
| P repayments | 2,539 | 2,395 | |||||
| Other Debtors | 64 | 24 | |||||
| 9s394 | 9,604 | ||||||
| Z.Creditors: Amounts | falling due within | one year | |||||
| 2021 | 2020 | ||||||
| Accruals | 2@61 | 3,994 | |||||
| Other Creditors | 1,663 | 898 | |||||
| 4,024 | 4)892 | ||||||
| 8.Restricted Funds Movements | 1January | 31December | |||||
| 2021 | Income | Expenditure | Transfers | 2021 | |||
| Football Team | 1,390 | (1,150) | 240 | ||||
| Gift for Service Recording Ministry | 362 | 362 | |||||
| Gift for Specific Purposes | 445 | 652 | 1,09 | ||||
| 2,19Z | 652 | (2,247) | 602 |
| Church | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Pastor | Worker | Cleaners | 2021 | |||||
| ro s | ary | ,~%19~&17 | ||||||
| Employer's | National | Insurance | ||||||
| Pension | Contributions | 204 | 217 | 421 | ||||
| Refunded | Pension Contribution | Received | (155) | (155) | ||||
| 15,758 | 16,252 | 1,917 | 33+27 |
| 11.Analysis | ofNet Assets Between Funds | |||
|---|---|---|---|---|
| Tangible | Net Current | Total | ||
| Fixed Assets | Assetsf | 2021 f |
||
| Unrestricted | Funds | 896,391 | 87,074 | 983,465 |
| Restricted Funds | 602 | 602 | ||
| 896,391 | 87,676 | 984,067 |