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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 518144

CROWN LANE FREE METHODIST CHURCH

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023

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 2023

Trustees Mr N J Bovenizer
Mr J A Clark
Mrs B Clark
Mr D W Rosendale (resigned 8/3/2023)
Mrs B Scott (resigned 8/3/2023)
Mrs M Sudell (resigned 8/3/2023)
Mr W Cornall (resigned 8/3/2023)
Mr J W Rosendale (appointed 8/3/2023)
Rev I K Clarkson (appointed 6/4/2023)
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 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

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.

At the beginning of April we welcomed Rev Ian Clarkson to be our new Pastor, along with his wife Joanna and their three children; they have been a great blessing to the fellowship. We look forward to the future as they under the Lords guidance lead us forward in the days ahead

Out church activities are now beginning to grow, the monthly service in the local care home continues with many of the residents attending. The ladies work is now in full swing again with meetings almost every month. Youth work and the children's club have now restarted and numbers are increasing. We pray that the numbers will continue to increase in the coming months.

A mini bus has been purchased and is used by the youth club for travelling to various events etc,and picking up for youth club when needed.

A carol service was held in the church this year; also a service was held on Christmas Day.

The local school used the premises for their annual nativity; the church was packed with parent's children and friends.

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

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.

Achievement and performance

Charitable activities

Looking back over 2023 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 £68,575 (2022 - £35,680).

We have continued to reach out into our local community with God's love and care.

Page 2

CROWN LANE FREE METHODIST CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

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 now been completed on the improvements to the church building.

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 now empty and we are seeking to improve the downstairs area with a new kitchen.

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. Reserves held at the year end are £457,073 (2022 - £543,353)

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.

Approved by order of the board of trustees on ...... April 2024 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 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

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: ...... April 2024

Page 4

CROWN LANE FREE METHODIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income and endowments from
Donations and legacies
2
Investment income
3
Total
Expenditure on
Charitable activities
4
Church activities
NET INCOME/(EXPENDITURE)
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
50,605
13,631
64,236
135,606
(71,370)
1,732,059
1,660,689		 Restricted
funds
£
5,425
-
5,425
5,561
(136)
1,594
1,458		 2023
Total
funds
£
56,030
13,631
69,661
141,167
(71,506)
1,733,653
1,662,147		 2022
Total
funds
£
52,883
8,520
61,403
131,270
(69,867)
1,803,520
1,733,653

The notes form part of these financial statements

Page 5

CROWN LANE FREE METHODIST CHURCH

BALANCE SHEET 31 DECEMBER 2023

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
£
639,716
563,900
1,203,616
5,562
462,500
468,062
(10,989)
457,073
1,660,689
1,660,689		 Restricted
funds
£
1,007
-
1,007
-
451
451
-
451
1,458
1,458		 2023
Total
funds
£
640,723
563,900
1,204,623
5,562
462,951
468,513
(10,989)
457,524
1,662,147
1,662,147
1,660,689
1,458
1,662,147		 2022
Total
funds
£
627,219
563,900
1,191,119
6,493
537,270
543,763
(1,229)
542,534
1,733,653
1,733,653
1,732,059
1,594
1,733,653

The financial statements were approved by the Board of Trustees and authorised for issue on ...... April 2024 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 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, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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 Motor vehicles - 25% Reducing balance Computer equipment - Straight line over 4 years

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.

Page 7

CROWN LANE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting policies - continued

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.

2. Donations and legacies

Committed giving
Gift aid
3.
Investment income
Rents received
Deposit account interest		 2023
£
50,356
5,674
56,030
2023
£
6,730
6,901
13,631		 2022
£
48,414
4,469
52,883
2022
£
7,200
1,320
8,520

4. Charitable activities costs

Charitable activities costs
Church activities
Grants payable
Church activities		 Direct
Costs
£
70,716		 Grant
funding of
activities
(see note
5)
£
68,575		 Support
costs (see
note 6)
£
1,876
2023
£
68,575		 Totals
£
141,167
2022
£
35,680

5. Grants payable

Page 8

CROWN LANE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

5. Grants payable - continued

The total grants paid to institutions during the year was as follows:

2023
£
Ministry to Asians
750
Street Pastors
160
Kays Farm Childrens Home
580
Faith Mission
1,550
Sportsreach
750
Sat 7
-
Sasra
-
Tanzania Farm Trust
2,850
Christian Institute
750
Childcare Ministries
80
Slavic Gospel
1,500
Free Methodist Missions
-
OMS One Mission
-
Heart Church Morecambe
-
International Aid
270
Glasgow Church Plant
6,600
Kirkham Free Methodist Church
50,000
Lea Primary School
200
Platform 67
1,435
Josiah Venture
200
67,675
Support costs
Governance
Finance
costs
£
£
Church activities
25
1,851
Support costs, included in the above, are as follows:		 2022
£
600
-
1,000
1,200
760
1,260
1,250
500
600
480
975
1,150
7,335
5,000
170
10,000
-
-
-
-		 2022
£
600
-
1,000
1,200
760
1,260
1,250
500
600
480
975
1,150
7,335
5,000
170
10,000
-
-
-
-
32,280
Totals
£
1,876

6. Support costs

Governance costs

Governance costs
2023 2022
Church Total
activities activities
£ £
Accountancy fees 1,851 1,849
Legal and professional fees - 1,800
1,851 3,649

Page 9

CROWN LANE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. 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.

8. 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
47,836
Investment income
8,520
Total
56,356
Expenditure on
Charitable activities
Church activities
125,927
NET INCOME/(EXPENDITURE)
(69,571)
Reconciliation of funds
Total funds brought forward
1,801,630
Total funds carried forward
1,732,059		 2023
£
28,103
1,863
29,966
2023
1
Restricted
funds
£
5,047
-
5,047
5,343
(296)
1,890
1,594

9. Comparatives for the statement of financial activities

Page 10

CROWN LANE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. Tangible fixed assets

Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
property
£
608,192
-
608,192
-
-
-
608,192
608,192		 Fixtures
and
fittings
£
70,446
10,324
80,770
52,093
4,301
56,394
24,376
18,353		 Motor
Computer
vehicles
equipment
£
£
-
899
10,000
275
10,000
1,174
-
225
2,500
294
2,500
519
7,500
655
-
674		 Totals
£
679,537
20,599
700,136
52,318
7,095
59,413
640,723
627,219

11. Investment property

£

Fair value
At 1 January 2023
and 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 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
Prepayments		 2023
£
5,562
-
5,562		 2022
£
4,303
2,190
6,493

Page 11

CROWN LANE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. Creditors: amounts falling due within one year

Trade creditors
Social security and other taxes
Accrued expenses		 2023
£
9,143
646
1,200
10,989		 2022
£
74
-
1,155
1,229
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
Unrestricted funds
General fund
Unrestricted designated funds
Restricted funds
Sunday school
Gifts for specific purposes
TOTAL FUNDS		 At 1/1/23
£
841,140
890,919
1,732,059
254
1,340
1,594
1,733,653
as follows:		 Net
movement
in funds
£
(64,451)
(6,919)
(71,370)
41
(177)
(136)
(71,506)
Incoming
resources
£
64,236
-
64,236
390
5,035
5,425
69,661		 Transfers
between
funds
£
(20,600)
20,600
-
-
-
-
-
Resources
expended
£
(128,687)
(6,919)
(135,606)
(349)
(5,212)
(5,561)
(141,167)		 At
31/12/23
£
756,089
904,600		 At
31/12/23
£
756,089
904,600
1,660,689
295
1,163
1,458
1,662,147
Movement
in funds
£
(64,451)
(6,919)
(71,370)
41
(177)
(136)
(71,506)
(71,370)
41
(177)
(136)
(71,506)

Page 12

CROWN LANE FREE METHODIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

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 1/1/22
£
913,269
888,361
1,801,630
341
1,549
1,890
1,803,520		 Net
movement
in funds
£
(66,316)
(3,255)
(69,571)
(87)
(209)
(296)
(69,867)		 Transfers
between
funds
£
(5,813)
5,813
-
-
-
-
-		 At
31/12/22
£
841,140
890,919
1,732,059
254
1,340
1,594
1,733,653

Comparative 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		 Incoming
resources
£
56,356
-
56,356
571
4,476
5,047
61,403		 Resources
Movement
expended
in funds
£
£
(122,672)
(66,316)
(3,255)
(3,255)
(125,927)
(69,571)
(658)
(87)
(4,685)
(209)
(5,343)
(296)
(131,270)
(69,867)		 Resources
Movement
expended
in funds
£
£
(122,672)
(66,316)
(3,255)
(3,255)
(125,927)
(69,571)
(658)
(87)
(4,685)
(209)
(5,343)
(296)
(131,270)
(69,867)
(69,571)
(87)
(209)
(296)
(69,867)

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 2023

15. Related party disclosures

There were no related party transactions for the year ended 31 December 2023.

Page 14