REGISTERED CHARITY NUMBER: 518144
CROWN LANE FREE METHODIST CHURCH REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
Scott & Wilkinson Dalton House 9 Dalton Square LANCASTER LA1 1WD
CROWN LANE FREE METHODIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
CROWN LANE FREE METHODIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021
| Trustees | Rev D Lurrie |
|---|---|
| Mr N J Bovenizer | |
| Mr J A Clark | |
| Mrs B Clark | |
| Mr C D Hogarth (resigned 7/6/2021) | |
| Mr T J Parkinson (resigned 7/6/2021) | |
| Mr D W Rosendale | |
| Mrs B Scott | |
| Mrs M Sudell | |
| Mr W Cornall | |
| Principal address | Godson House Farm |
| Catforth | |
| PRESTON | |
| PR4 0HE | |
| Registered charity number | 518144 |
| Independent examiner | Scott & Wilkinson |
| Dalton House | |
| 9 Dalton Square | |
| LANCASTER | |
| LA1 1WD | |
| Bankers | National Westminster Bank |
| 292 Garstang Road | |
| Fulwood | |
| Preston | |
| PR4 0HE |
Page 1
CROWN LANE FREE METHODIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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
Objectives and aims
The object of the Crown Lane Free Methodist Church is the furtherance of the religious and other charitable work of the Free Methodist Church of North America.
Significant activities
The church was established for Christian worship, prayer, Bible teaching and the preaching of the gospel. We seek to serve the local community by providing a place of prayer and worship. The support of missionary work in various parts of the world is high on our agenda. The words of Jesus underline these objectives," Go ye therefore and teach all nations."
2021 has been another very sad and difficult year for us and many families. The church has been closed on some Sundays and restrictions have affected us all in different ways. Some people in the congregation are still very cautious about returning and meeting up with others to worship the Lord.
The weekly visit by our Minister to the Royal Preston Hospital has not been possible due to continued restrictions. Also we have not been able to visit the Priory Hospital quite close to the church; this work is in its early stages and we will see how this develops when we are able to visit again.
Our Minister Rev D Lurrie has been signed off work for 10 weeks due to ill health. We continue with the services, visiting speakers and people in our congregation filling in the appointments.
Due to Covid our church activities have been affected in a big way from Parent and Toddler groups to work with the Senior Citizens in the local care home. Craft afternoons were also being held. Included in our range of activities that have been badly affected are the children's club, youth work, ladies evenings and afternoon meetings for retired people of all ages. Youth work and the children's club have now restarted but numbers are few. Football coaching and matches for youngsters have also restarted on Saturday mornings at the church. We pray that the numbers will increase in these activities in the coming months.
Once again just before Christmas an outside nativity play and carol service was held in the car park, this was done on a dry but cold winters evening complete with fire pits to keep people warm! This was well attended. The local school used the premises for their annual nativity, no parents etc. could attend but they were able to watch the nativity on a DVD at a later date.
We praise the Lord for His blessings day by day one being the fact that our services are now on line and many people can see and hear the word of God in their homes.
The building work on the church with extensions to the toilets, office and meeting room upstairs and a new storage building for toddler group equipment and a separate part for mowing machines has now almost been completed.
Public benefit
All our activities are offered free of charge to ensure they are accessible to all, and we regularly promote and publicise our activities in the local community.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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CROWN LANE FREE METHODIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Achievement and performance
Charitable activities
Looking back over 2021 we are thankful to God for His continued provision of the gifts tithes and offerings for His work. We count it a privilege to have been able to support many missionary societies and individuals home and overseas, with gifts amounting to £31,138. We have continued to reach out into our local community with God's love and care.
Financial review
Investment policy and objectives
At the present time the trustees are seeking to use the money we have received from the sale of the land to help and support other Christian organizations and individuals. Also funds are being used to maintain and improve the church building and its facilities for the community in this area. Work has continued over the year with the improvements to the church building and is now almost completed.
A house and small field was purchased in 2018 adjacent to the church with a view to be used as a manse or rented out to church personnel, it is currently rented out to a missionary family. The field is at the moment rented out on an annual summer grazing agreement, but could be used for car park extension and games area in the future.
Reserves policy
Reserves held are usually sufficient to pay on-going expenses for at least two months. Any surplus funds are transferred to interest bearing accounts. Free reserves held at the year end are £557,955 (2020 - £828,182).
Structure, governance and management
Governing document
The charity was established by trust deed dated 27/03/00 (new scheme) and is registered with the Charity Commission, No 518144.
Crown Lane Free Methodist Church is one of a number of Free Methodist Churches in the United Kingdom Conference.
Recruitment and appointment of new trustees
The members of the church elect the trustees on an annual basis. The annual General meeting is held in the early part of the year.
Due to the Lock Down and Corona virus restrictions we have not met for the annual AGM, but hope to do so as soon as circumstances allow. During the year two of our trustees have resigned.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... Mr J A Clark - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROWN LANE FREE METHODIST CHURCH
Independent examiner's report to the trustees of Crown Lane Free Methodist Church
I report to the charity trustees on my examination of the accounts of Crown Lane Free Methodist Church (the Trust) for the year ended 31 December 2021.
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:
-
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 Scott & Wilkinson Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: .............................................
Page 4
CROWN LANE FREE METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes Income and endowments from Donations and legacies 2 Investment income 3 Other income Total Expenditure on Charitable activities 4 Church activities NET INCOME/(EXPENDITURE) Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 52,715 9,196 - 61,911 88,673 (26,762) 1,828,392 1,801,630 |
Restricted funds £ 3,073 - - 3,073 3,267 (194) 2,084 1,890 |
2021 Total funds £ 55,788 9,196 - 64,984 91,940 (26,956) 1,830,476 1,803,520 |
2020 Total funds £ 53,085 15,894 3,810 72,789 80,294 (7,505) 1,837,981 1,830,476 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
CROWN LANE FREE METHODIST CHURCH
BALANCE SHEET 31 DECEMBER 2021
| Notes Fixed assets Tangible assets 10 Investment property 11 Current assets Debtors 12 Cash at bank Creditors Amounts falling due within one year 13 Net current assets Total assets less current liabilities NET ASSETS Funds 14 Unrestricted funds Restricted funds Total funds |
Unrestricted funds £ 579,775 563,900 1,143,675 105,077 554,661 659,738 (1,783) 657,955 1,801,630 1,801,630 |
Restricted funds £ 1,393 - 1,393 - 497 497 - 497 1,890 1,890 |
2021 Total funds £ 581,168 563,900 1,145,068 105,077 555,158 660,235 (1,783) 658,452 1,803,520 1,803,520 1,801,630 1,890 1,803,520 |
2020 Total funds £ 437,948 563,900 1,001,848 5,744 824,483 830,227 (1,599) 828,628 1,830,476 1,830,476 1,828,392 2,084 1,830,476 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr J A Clark - Trustee
The notes form part of these financial statements
Page 6
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Fixtures and fittings - 15% Reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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 7
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 2. Donations and legacies Committed giving Gift aid 3. Investment income Rents received Deposit account interest Other interest receivable 4. Charitable activities costs Church activities 5. Grants payable Church activities |
2021 £ 50,477 5,311 55,788 2021 £ 7,200 1,996 - 9,196 Grant funding of activities Support Direct (see note costs (see Costs 5) note 6) £ £ £ 59,106 31,138 1,696 2021 £ 31,138 |
2020 £ 47,426 5,659 |
|---|---|---|
| 53,085 | ||
| 2020 £ 7,200 8,680 14 |
||
| 15,894 | ||
| Totals £ 91,940 |
||
| 2020 £ 22,242 |
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CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 5. | Grants payable - continued | |||
|---|---|---|---|---|
| The total grants paid to institutions during the year was as follows: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Ministry to Asians | 600 | 600 | ||
| Street Pastors | 450 | 600 | ||
| Kays Farm Childrens Home | 4,655 | 495 | ||
| Faith Mission | 2,000 | 600 | ||
| Sportsreach | 750 | 600 | ||
| Sat 7 | 200 | - | ||
| Open Doors | 4,000 | 2,570 | ||
| Tanzania Farm Trust | 4,000 | 240 | ||
| Christian Institute | 1,100 | 600 | ||
| Childcare Ministries | 480 | 480 | ||
| Missionary Aviation Fellowship | 770 | - | ||
| Global Commission Partners | - | 150 | ||
| OMS One Mission | 10,780 | 9,780 | ||
| USA choir | - | 1,000 | ||
| Heart Church Morecambe | - | 2,000 | ||
| Free Methodist Church - UK | - | 2,000 | ||
| Swillbrook House Residential Care Home | - | 52 | ||
| Haiti Releif Work | 450 | - | ||
| Release International | 873 | - | ||
| Salvation Army Homeless | 30 | - | ||
| 31,138 | 21,767 | |||
| 6. | Support costs | |||
| Governance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Church activities | 2 | 1,694 | 1,696 | |
| Support costs, included in the above, are as follows: | ||||
| Governance costs | ||||
| 2021 | 2020 | |||
| Church | Total | |||
| activities | activities | |||
| £ | £ | |||
| Accountancy fees | 1,694 | 1,682 |
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CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
7. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
8. Staff costs
| Staff costs | |||
|---|---|---|---|
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Charitable activities No employees received emoluments in excess of £60,000. Comparatives for the statement of financial activities Unrestricted funds £ Income and endowments from Donations and legacies 49,168 Investment income 15,894 Other income 3,810 Total 68,872 Expenditure on Charitable activities Church activities 75,444 NET INCOME/(EXPENDITURE) (6,572) Reconciliation of funds Total funds brought forward 1,834,964 Total funds carried forward 1,828,392 |
2021 £ 32,040 2,070 34,110 2021 1 Restricted funds £ 3,917 - - 3,917 4,850 (933) 3,017 2,084 |
||
9. Comparatives for the statement of financial activities
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CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. Tangible fixed assets
| Cost At 1 January 2021 Additions At 31 December 2021 Depreciation At 1 January 2021 Charge for year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Freehold property £ 418,327 146,163 564,490 - - - 564,490 418,327 |
Fixtures and fittings £ 65,532 - 65,532 45,911 2,943 48,854 16,678 19,621 |
Totals £ 483,859 146,163 |
|---|---|---|---|
| 630,022 | |||
| 45,911 2,943 |
|||
| 48,854 | |||
| 581,168 | |||
| 437,948 |
| 11. Investment property Fair value At 1 January 2021 and 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
£ 563,900 |
|---|---|
| 563,900 | |
| 563,900 |
The investment property was valued at market value by the Trustees at the 31 December 2021.
12. Debtors
| Amounts falling due within one year: Other debtors Amounts falling due after more than one year: Other debtors Aggregate amounts |
2021 £ 5,077 100,000 105,077 |
2020 £ 5,744 |
|---|---|---|
| - | ||
| 5,744 |
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CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
13. Creditors: amounts falling due within one year
| Trade creditors Accrued expenses 14. Movement in funds Unrestricted funds General fund Unrestricted designated funds Restricted funds Sunday school Gifts for specific purposes TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Unrestricted designated funds Restricted funds Sunday school Gifts for specific purposes TOTAL FUNDS |
At 1/1/21 £ 937,333 891,059 1,828,392 290 1,794 2,084 1,830,476 Incoming resources £ 61,911 - 61,911 750 2,323 3,073 64,984 |
2021 £ 683 1,100 1,783 Net movement in funds £ (24,064) (2,698) (26,762) 51 (245) (194) (26,956) Resources expended £ (85,975) (2,698) (88,673) (699) (2,568) (3,267) (91,940) |
2020 £ 519 1,080 1,599 At 31/12/21 £ 913,269 888,361 1,801,630 341 1,549 1,890 1,803,520 Movement in funds £ (24,064) (2,698) (26,762) 51 (245) (194) (26,956) |
|---|---|---|---|
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CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
14. Movement in funds - continued
Comparatives for movement in funds
| Unrestricted funds General fund Unrestricted designated funds Restricted funds Sunday school Gifts for specific purposes TOTAL FUNDS |
At 1/1/20 £ 942,609 892,355 1,834,964 443 2,574 3,017 1,837,981 |
Net movement in funds £ (3,398) (3,174) (6,572) (153) (780) (933) (7,505) |
Transfers between funds £ (1,878) 1,878 - - - - - |
At 31/12/20 £ 937,333 891,059 |
|---|---|---|---|---|
| 1,828,392 290 1,794 |
||||
| 2,084 | ||||
| 1,830,476 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 68,872 | (72,270) | (3,398) |
| Unrestricted designated funds | - | (3,174) | (3,174) |
| 68,872 | (75,444) | (6,572) | |
| Restricted funds | |||
| Sunday school | 599 | (752) | (153) |
| Gifts for specific purposes | 3,318 | (4,098) | (780) |
| 3,917 | (4,850) | (933) | |
| TOTAL FUNDS | 72,789 | (80,294) | (7,505) |
Designated funds comprises fixed assets designated for the purpose of church activities.
Page 13
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
15. Related party disclosures
There were no related party transactions for the year ended 31 December 2021.
Page 14