REGISTERED CHARITY NUMBER: 518144
CROWN LANE FREE METHODIST CHURCH
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
CROWN LANE FREE METHODIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 2024
| Trustees | Mr N J Bovenizer (resigned 21/11/2024) |
|---|---|
| Mr J A Clark | |
| Mrs B Clark | |
| Mr J W Rosendale | |
| Rev I K Clarkson | |
| Mr C Hogarth (appointed 17/4/2024) | |
| Mr D Rosendale (appointed 17/4/2024) | |
| Principal address | Godson House Farm |
| Catforth | |
| PRESTON | |
| PR4 0HE | |
| Registered charity number | 518144 |
| Independent examiner | Xeinadin |
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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. Our Sunday services each week continue to underline these objectives. The support of missionary work in various parts of the world is high on our agenda. The words of Jesus underline these objectives," Go you therefore and teach all nations.
During March five students came from Capenwray College they visited schools and took assemblies, also they went round the area handing out blessing bags containing tracts and other items. We had various activities at the church and held a Keli at the village Hall which was well attended, we were sad to see them go.
During November we had a firework night, Fire pits were lighted and many folk attended. A message was given before the fireworks were lit everyone was invited to stay for soup, hot dogs and cakes.
The monthly service in the local care home continues with many of the residents attending. The ladies meetings are held almost every month with many interesting speakers. Youth work and the children's club continue on Friday nights. We pray that the numbers will increase in the coming months.
The mini bus continues to be used by the youth club for travelling to various events etc., and picking up children to attend the Christmas play and other activities.
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.
We look forward to the future as the Lord leads us together in the days ahead.
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 2024 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 £39,644. 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 2024
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 have now almost completed an extension at the back of the property which will be a new kitchen and Utility room. A replacement garage is being built as well as tarmacking the drive area in the New Year; new fencing has been completed around the property and a storage shed across the yard has been re-roofed with electricity being restored after strong winds cut the supply off.
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 £301,187 (2023 - £457,073)
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 31 March 2025 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 2024.
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
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
31 March 2025
Page 4
CROWN LANE FREE METHODIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 £ 67,290 17,332 84,622 125,457 (40,835) 1,660,689 1,619,854 |
Restricted funds £ 3,177 - 3,177 3,361 (184) 1,458 1,274 |
2024 Total funds £ 70,467 17,332 87,799 128,818 (41,019) 1,662,147 1,621,128 |
2023 Total funds £ 56,030 13,631 69,661 141,167 (71,506) 1,733,653 1,662,147 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
CROWN LANE FREE METHODIST CHURCH
BALANCE SHEET 31 DECEMBER 2024
| 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 £ 636,864 681,803 1,318,667 7,424 297,405 304,829 (3,642) 301,187 1,619,854 1,619,854 |
Restricted funds £ 856 - 856 - 418 418 - 418 1,274 1,274 |
2024 Total funds £ 637,720 681,803 1,319,523 7,424 297,823 305,247 (3,642) 301,605 1,621,128 1,621,128 1,619,854 1,274 1,621,128 |
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 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 March 2025 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 2024
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':
- 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 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 2024
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 Investment income Rents received Deposit account interest Other interest receivable |
2024 £ 61,526 8,941 70,467 2024 £ 480 16,716 136 17,332 |
2023 £ 50,356 5,674 |
|---|---|---|
| 56,030 | ||
| 2023 £ 6,730 6,901 - |
||
| 13,631 |
3. Investment income
4. Charitable activities costs
| Charitable activities costs | ||||
|---|---|---|---|---|
| Church activities Grants payable Church activities |
Direct Costs £ 87,205 |
Grant funding of activities (see note 5) £ 39,643 |
Support costs (see note 6) £ 1,970 2024 £ 39,643 |
Totals £ 128,818 |
| 2023 £ 68,575 |
5. Grants payable
Page 8
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. Grants payable - continued The total grants paid to institutions during the year was as follows:
| 2024 £ Ministry to Asians 1,700 Street Pastors - Kays Farm Childrens Home 120 Faith Mission 2,950 Sportsreach 2,250 Tanzania Farm Trust 2,200 Christian Institute 2,200 Childcare Ministries 213 Slavic Gospel 6,700 Capernwray Bible School 250 Heart Church Morecambe 3,000 International Aid - Glasgow Church Plant 6,600 Kirkham Free Methodist Church - Lea Primary School - Platform 67 - Josiah Venture 250 Logos Ministries 2,000 Hungry For Life 1,680 The Message Trust 250 Armenian Ministries 1,000 Yorkshire Camps 5,000 Balloon Ministries 230 38,593 6. Support costs Governance Finance costs £ £ Church activities 50 1,920 |
2023 £ 750 160 580 1,550 750 2,850 750 80 1,500 - - 270 6,600 50,000 200 1,435 200 - - - - - - |
|---|---|
| 67,675 | |
| Totals £ 1,970 |
Page 9
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6. Support costs - continued
Support costs, included in the above, are as follows:
Governance costs
| Governance costs | ||
|---|---|---|
| 2024 | 2023 | |
| Church | Total | |
| activities | activities | |
| £ | £ | |
| Accountancy fees | 1,920 | 1,851 |
7. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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 50,605 Investment income 13,631 Total 64,236 Expenditure on Charitable activities Church activities 135,606 |
2024 £ 37,902 2,562 40,464 2024 1 Restricted funds £ 5,425 - 5,425 5,561 |
2023 £ 28,103 1,863 29,966 2023 1 Total funds £ 56,030 13,631 |
||
| 69,661 | ||||
| 141,167 |
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 2024
| 9. Comparatives for the statement of financial activities - continued Unrestricted funds £ NET INCOME/(EXPENDITURE) (71,370) Reconciliation of funds Total funds brought forward 1,732,059 Total funds carried forward 1,660,689 10. Tangible fixed assets Fixtures Freehold and Motor property fittings vehicles £ £ £ Cost At 1 January 2024 608,192 80,770 10,000 Additions - 4,057 - At 31 December 2024 608,192 84,827 10,000 Depreciation At 1 January 2024 - 56,394 2,500 Charge for year - 4,266 2,500 At 31 December 2024 - 60,660 5,000 Net book value At 31 December 2024 608,192 24,167 5,000 At 31 December 2023 608,192 24,376 7,500 11. Investment property Fair value At 1 January 2024 Additions At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Restricted funds £ (136) 1,594 1,458 Computer equipment £ 1,174 - 1,174 519 294 813 361 655 |
Total funds £ (71,506) 1,733,653 1,662,147 Totals £ 700,136 4,057 704,193 59,413 7,060 66,473 637,720 640,723 £ 563,900 117,903 681,803 681,803 563,900 |
|
|---|---|---|---|
The investment property was valued at market value by the Trustees at the 31 December 2021.
Page 11
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 12. Debtors: amounts falling due within one year Other debtors 13. Creditors: amounts falling due within one year Trade creditors Social security and other taxes Accrued expenses 14. Movement in funds At 1/1/24 £ Unrestricted funds General fund 756,089 Unrestricted designated funds 904,600 1,660,689 Restricted funds Sunday school 295 Gifts for specific purposes 1,163 1,458 TOTAL FUNDS 1,662,147 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 |
Net movement in funds £ (33,925) (6,910) (40,835) (33) (151) (184) (41,019) Incoming resources £ 84,623 (1) 84,622 787 2,390 3,177 87,799 |
2024 £ 7,424 2024 £ 1,765 617 1,260 3,642 Transfers between funds £ (121,960) 121,960 - - - - - Resources expended £ (118,548) (6,909) (125,457) (820) (2,541) (3,361) (128,818) |
2023 £ 5,562 2023 £ 9,143 646 1,200 10,989 At 31/12/24 £ 600,204 1,019,650 1,619,854 262 1,012 1,274 1,621,128 Movement in funds £ (33,925) (6,910) (40,835) (33) (151) (184) (41,019) |
||
|---|---|---|---|---|---|
Page 12
CROWN LANE FREE METHODIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
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 1/1/23 £ 841,140 890,919 1,732,059 254 1,340 1,594 1,733,653 |
Net movement in funds £ (64,451) (6,919) (71,370) 41 (177) (136) (71,506) |
Transfers between funds £ (20,600) 20,600 - - - - - |
At 31/12/23 £ 756,089 904,600 |
|---|---|---|---|---|
| 1,660,689 295 1,163 |
||||
| 1,458 | ||||
| 1,662,147 |
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 £ 64,236 - 64,236 390 5,035 5,425 69,661 |
Resources Movement expended in funds £ £ (128,687) (64,451) (6,919) (6,919) (135,606) (71,370) (349) 41 (5,212) (177) (5,561) (136) (141,167) (71,506) |
|---|---|---|
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 2024
15. Related party disclosures
There were no related party transactions for the year ended 31 December 2024.
Page 14