2021-08-31-accounts

Trustees' Annual Report for the period

Period start date Period end date From 1 Sep 2020 To 31 Aug 2021

Section A Reference and administration details

Charity name Wilmslow Methodist Church Other names charity is known by Registered charity number (if any) 1129459 Kings Close Water Lane Charity's principal address WILMSLOW, Cheshire Postcode SK9 5AR

	Charity's principal address	Charity's principal address	Kings Close	Kings Close	Kings Close	Kings Close
			Water Lane
			WILMSLOW, Cheshire
			Postcode		SK9 5AR
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19	Names of the charity trustees who			manage the charity
	Trustee name	Office (if any)		Dates acted if not for whole year		Name of person (or body) entitled to appoint trustee (if any)
	THOMAS Rev Katy	Minister and Chairperson				Methodist Conference
	FALLOWS Mrs Jocelyn	Trust Secretary				Trustees
	BOURNE Mrs Pat					Member's Meeting
	COE Mrs Emma	Children and Family Worker				Trustees
	COWARD Mrs Heather					Member's Meeting
	DEAN Ann					Member's Meeting
	DEVERELL Mr Bill	Church Treasurer				Trustees
	DEVERELL Mrs Jenny	Church Administrator				Trustees
	EVANS Mrs Margaret					Member's Meeting
	GODDARD Mrs Christine	CCSW				Member's Meeting
	GODDARD Mr Roger	Property & Finance Committee Chair				Trustees
	HASSELL Mrs Julie	Pastoral Secretary				Trustees
	HOLT Mrs Gwyn	Leadership Team				Trustees
	HOUGHTON Mrs Joan	Choir				Trustees
	KENNEDY Mr Ian	Property Steward and Scouts				Trustees
	KENNEDY Mrs Christine	Safeguarding Officer				Trustees
	PEACOCK Rev Philip	Circuit Superintendent Minister				Methodist Conference
	PERRY Mr Simon	Gift Aid Co-ordinator				Trustees
	SAXTON Mrs Janet	Former Steward				Member's Meeting

20 21 22 23 24 25	SINGER Mrs Christine	Pre School Manager		Trustees
	THOMPSON Mrs Ann	Churches Together		Trustees
	TONKS Dr David			Member's Meeting
	TUCKER Ms Avril			Leadership Team
	WELTON Mrs Barbara			Members Meeting
	WOOD Mrs Jackie			Members Meeting

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

(e.g. trust deed, constitution)

Act of Parliament

DEED OF UNION (1932) AND METHODIST CHURCH ACT (1976)

How the charity is constituted (e.g. trust, association, company)

Trust

All members of the Church Council are Trustees. Appointments are made Trustee selection methods to Church Council in accordance with the list at Section A and to be (e.g. appointed by, elected by) eligible the appointee must have been received into the membership of the church or have had his membership transferred from another church. The Church Council meets three times a year and is responsible for making decisions on all matters of general concern and importance to the church and on how the church funds are to be spent. The Church Council receives reports from a number of committees including finance, property, worship, pastoral, children and family worker, missions, URC/Methodist covenant steering group and circuit. An annual meeting is held to which all members of the church are invited.

Section C Objectives and activities

The Methodist Church Act 1976 provides that; The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of:a. The Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church. Summary of the objects of the b. Any charitable purpose for the time being of any connexional, charity set out in its district, circuit, local or other organisation of the Methodist governing document Church. c. Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church. d. Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. When planning activities to further the purposes of the church the Church Council takes into account the:1] Methodist Calling This is to respond to the gospel of God’s love in Christ and to live out discipleship in worship. This is underpinned by the belief that:a. The Church exists to increase awareness of God’s presence and to celebrate God’s love. b. The Church exists to help people to grow and learn as Christians through mutual support and care. c. The Church exists to be a good neighbour to people in need and Summary of the main to challenge injustice. activities undertaken for the d. The Church exists to make more followers of Jesus Christ. public benefit in relation to 2] Charity Commission guidance on public benefit and in particular these objects (include within specific guidance on charities for the advancement of religion. this section the statutory In particular we try to enable people to practice their faith through the declaration that trustees have provision of worship, bible study and prayer. We endeavour to provide had regard to the guidance pastoral care both to our church members and to the wider community. issued by the Charity We work to serve our local community through the availability of our Commission on public premises for use by local groups. We also support local charities, benefit) international charities and worldwide disaster areas. During the period 1 September 2020 to 31 August 2021 the Church family continued a commitment to focus time and resources on the following 3 areas: 1) Welcome/Pastoral Care 2) Worship & Study 3) Witness

Additional details of objectives and activities (Optional information)

The work of the church could not be undertaken without the dedicated and enthusiastic support of its volunteers. The Trustees are grateful to You may choose to include all church members who work tirelessly in many capacities to ensure further statements, where that the church is run well, and its buildings are kept in good repair. The relevant, about: Trustees would also like to thank those church members who give freely of their time so that the church can continue to serve the local  policy on grant making; community. These volunteers are too many to mention by name but their  contribution is essential to the ministry of the church and much valued. policy programme related investment; The Trustees wish to record their immense gratitude to Rev Katy  contribution made by Thomas for 9 years of dedicated work and ministry here among us at volunteers. Wilmslow. She has been a much-valued leader and presbyter of our church community. Rev Thomas moved to a new post in August 2021.

Section D Achievements and performance

	Summary of the main achievements of the charity during the year	As well as our weekly Sunday worship programme, Wilmslow Methodist Church provides many weekly activities and groups for all ages, throughout the year. Full details can be found on our website:www.wilmslowmethodists.org.uk A full report of all that has happened this year, plus copies of recent Annual Reports are available on request, by emailing our Church Office via [e-mail] Listed below is a summary of the more recent initiatives in our 3 areas of focus: 1. Welcome/Pastoral Care; 2. Worship & Study; 3. Witness. It should be noted that many areas of church life continued to be affected by Coronavirus restrictions. However, we have been grateful that several groups have been able to continue via online groups, using Zoom online conferencing. 1) Welcome/Pastoral Care We are especially grateful to our loyal team of pastoral visitors, organised by our Pastoral Secretary, who support and share in the joys and sorrows of our church community. Our ‘flower ministry’ plays a vital role, bringing joy to worshippers and to those who receive flower deliveries from our team. This has been such a vital role during the periods of national lockdown. Our Church Office is the information hub of the church, along with our Coffee Lounge, providing hospitality and a welcome to visitors from our busy town centre community. Both are staffed most weekday mornings, providing an open door to those participating in the various weekly church and community group meetings, who have returned to activities as Covid protocol allowed. Whilst return to normal activities was cautiously embraced by some, a Saturday Morning Coffee chat on Zoom proved to be a welcome opportunity for stay- at-home members to keep in touch with one another. During the lockdown period, the Property and Visions groups took the opportunity to improve the AV and lighting quality in the sanctuary, by installing a new overhead projector, sound desk and new energy efficient LED track lighting. 2) Worship & Study From September 2020, within the parameters of Covid guidelines, worship continued as follows: a weekly 10.30 am Sunday worship, a monthly 9am_Contemplative_ Communion_and evening_Mindful Church_via Zoom, as well as a quarterly Café Church. Since the beginning of the pandemic, Rev Thomas and a dedicated worship team also continued to deliver a 20-minute service via YouTube once a week. The service has contributions from members of 3 churches, Wilmslow, Styal and Handforth. This has been extremely well received and has provided vital spiritual encouragement and hope to 300+ viewers each week, during the most challenging time in a generation. Opportunities for adult study were provided by Rev Katy Thomas and Christine Goddard (CCSW) as follows:_Mindfulness & Christian Spirituality_courses exploring contemporary mindfulness, alongside the ancient Christian contemplative tradition; an Advent book study and group meeting, including Ignatian scripture reading. The _Daily Bread WhatsApp_bible study continued throughout the year, providing an option for personal home study via resources from the Methodist daily_A Word in Time, #LiveLent_and_The Kingdom Come. In addition, a Lent Bible Study group met online to study_A Methodist Way of Life.These groups have been especially appreciated during periods of lockdown. 3) Witness Our Family and Outreach work continues to spread in the community, under the able leadership of our lay worker, Emma Coe. Volunteers help Emma to run regular weekly groups, such as_Songs & Rhymes, Tiddlywinks and Baby Massage._In addition, a programme of family friendly events was offered during term-time, including_SK Club, celebrating the main Christian festivals, and_Muddy Church._ Emma also regularly takes school assemblies for Key Stage 2 (juniors) at Lacey Green School once a term and for the whole school at the major Christian Festivals. Several of these activities have been delivered online and videos made to send out to the school. Our_Craft & Chatter_group continued making a variety of crafts to decorate the church and noticeboards, as well as providing knitted items for charity groups. These included hats for the homeless and twiddle-mits for dementia groups at Macclesfield Hospital. The_In-Together_group continued to provide hospitality, activities, and a safe space for dementia clients, when Covid guidelines permitted. Both these groups found ways to meet online during lockdown, which has been greatly appreciated. Added to that, we have connected to many more people through our weekly YouTube Service (see 2. Worship and Study above). Throughout the year, the church makes regular contributions to a variety of local and national charities, through members’ giving and special services.

Section E Financial review

Brief statement of the The Reserves Policy is attached to the Accounts charity’s policy on reserves

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Bob Richards Full name(s) Rev Bob Richards Position (e.g. Secretary, Chair, etc) Chair Date 17 Feb 2022

Church Accruals Accounts

THE METHODIST CHURCH

REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2021

Wilmslow Church

Registered Charity - Registration number (if applicable)

1129459

	Circuit No	19/15
ChurchTreasurer Church Stewards Minister	Mr Bill Deverell Mrs Jocelyn Fallows
	Mr Bill Deverell

Name of Church

Wilmslow Methodist

Statement of Financial Activities (SOFA) for the year ended 31 August 2021

Notes to the accounts Income 1 - 8 1 Offerings 2 Donations 3 Gift aid 4 Interest and investment income 5 Income from investment properties 6 Internal organisations 7 Other charitable income 8Total income Expenditure 9 Salaries,NIC & Pension costs 9a Circuit assessment or share 10 Grants and donations 11 Property maintenance 12 Insurance,utilities etc 13 Depreciation 14 Office expenses 15 Other expenditure 16 Internal organisations 17Total charitable expenditure 18 Gains/(losses) on monetary investments 19 Gains/(losses) on investment properties 20Net income/(expenditure) 21 Transfers between funds 22 Other gains/(losses) 23Net movement in funds 24 Total funds brought forward 25 Total funds carried forward	General Fund (Unrestricted) Designated Funds (unrestricted) Restricted Funds Endowment Funds Total 2020-21 Total 2019-20 £ £ £ £ £ 61,237 61,237 62,988 2,209 2,209 1,815 14,088 14,088 14,430 10 10 543 0 0 109,151 109,151 90,343 17,739 -10,465 7,274 18,598 95,283 0 98,686 0 193,969 188,717
	27,149 86,098 113,248 103,242 54,036 54,036 52,718 0 0 0 7,026 7,026 11,086 9,736 9,736 12,647 0 0 772 772 2,284 -62 -62 1,849 13,868 13,868 8,416 98,657 0 99,966 0 198,622 192,242
	0 0 0 0 -3,374 0 -1,279 0 -4,653 ‐3,525 -930 930 0 0 0 102,418 102,418 29,396 -4,304 930 101,139 0 97,765 25,871
	68,274 23,150 2,750,684 2,842,108 2,816,237 63,970 24,081 2,851,822 0 2,939,873 2,842,108

Name of Church

Wilmslow Methodist

Balance Sheet as at 31 August 2021

. Notes Tangible Fixed Assets*	. Notes Tangible Fixed Assets*	Unrestricted £	Designated (Unrestricted)	Restricted £	Endowment Funds £	Totals this year £	Totals this year £	Totals last year £
Land & Buildings	9			2,806,169		2,806,169		2,703,751
Totalfixed assets				2,806,169		2,806,169		2,703,751
Current Assets
Debtors and Prepayments	10	10,093				10,093		8,807
Cash at Bank and in hand	10	3,475		356		3,831		14,466
Trustees for Methodist Church Purposes deposits
Central Finance Board Deposits		51,181	24,081	1,000		76,261		75,112
Other				44,297		44,297		45,576
Total current assets		64,748	24,081	45,653		134,482		143,962
Creditors and Accruals (due in under 1yr)	11	778				778		5,605
Net current assets(liabilities)		63,970	24,081	45,653		133,704		138,357
Total assets less current liabilities		63,970	24,081	2,851,822		2,939,873		2,842,108
						2,939,873 63,970 24,081 2,851,822 2,939,873 Adjustments
Loans and creditors due after 1 year
Provisions for liabilities and charges
Net assets
		63,970	24,081	2,851,822		2,939,873		2,842,108
Funds of the Church 12
Unrestricted funds		63,970	24,081 2,851,822			63,970		68,274
Designated funds			24,081			24,081		23,150
Restricted funds				2,851,822		2,851,822		2,750,684
Endowment funds
Total Funds		63,970	24,081	2,851,822		2,939,873		2,842,108 , ,
Internal Organisations		Opening balance	Receipts	Payments	Net Receipts/ Payments	Adjustments		Closing balances
Fri LC		199	66	41	25			224
Pre‐school		40,566	107,935	104,429	3,507			44,073
In Together		4,811	1,150	5,961	‐4,811
		0
		45,576	109,151	110,431	‐1,279			44,297

Signed

Church Treasurer

Name of Church

Wilmslow Methodist

Notes to the Accounts

1. Basis of accounting

The financial statements have been prepared under the Charities Act 2011 in accordance with FRS102 (Charities SORP (FRS102)) and the Charities Act 2011

2. Funds

The funds held constitute: General Funds held for any purpose of the Church which are Unrestricted. Restricted funds which are held for a narrower purpose including those for internal organisations. There are also the following Endowment funds as listed. Details of each material fund are disclosed in the Reserves Policy . Any funds may be represented by more than just cash.

3. Accounting policies

Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Church'’s financial position and activities.

Income

Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

Grants

Grants made by the Church from its own funds are recognised in full at the time of agreement or when the Church accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Church is not VAT registered, all input VAT is charged with the expenses to which it refers.

Tangible fixed assets for use by the Church

These are capitalised if they can be used for more than one year, and individually cost at least £1,000.

Investment Properties

Investment properties ‐ no property is currently deemed to not be held for the long term purposes of the charity.

Investments

Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments

Debtors include outstanding lettings invoices in August.

Creditors

Creditors includeoutstandings relatimng to utilities, telephones, etc in August.

Name of Church Wilmslow Methodist

4. Donations and legacies Collections Tax credits Donations Legacies Total 5. Charitable activities Fund raising and grants Other Total 6. Other trading activities Letting FITS	Unrestricted Designated Restricted 2021 Total 2020 Total £ £ 61237 61237 62988 14088 14088 14430 2209 2209 1815 0 0 0
	77534 0 0 77,534 79232 Unrestricted Designated Restricted 2021 Total 2020 Total £ £ 0 0 1683
	0 0 0 0 1683 Unrestricted Designated Restricted 2021 Total 2020 Total £ £ £ £ 13622 ‐10,465 3157 12695 4118 4118 4220 0 0 0 0
Total 7. Investment income Central Finance Board CAF fees RBS	17739 0 ‐10,465 7274 16915 Unrestricted Designated Restricted 2021 Total 2020 Total £ £ £ £ 106 106 549 ‐97 ‐97 ‐20 1 1 14
Total 8. Other	10 0 10 543 Unrestricted Restricted 2021 Total 2020 Total £ £ £ £ 0 0 0 0 0 0 0 0 0 0
Total	0 ‐ 0 0

9. Tangible Fixed Assets

Cost or valuation

Insurance Valuation used Building Only	Church (non investment) land and buildings £	Other non investment land and buildings £	Investment properties (land and buildings) £	Other fixed assets including motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
Balance brought forward	2,703,751						2,703,751
Additions
Revaluations(+/‐)	102,418						102,418
Disposals(‐)
Transfers *(+/‐)
Balance carried forward	2,806,169						2,806,169

Accumulated depreciation

Balance brought forward Depreciation charge for year (‐) Revaluations (+/‐) Disposals (‐) Transfers (+/‐) Balance carried forward*

Net book value

Net book value
Brought forward	2,703,751	‐	‐	‐	‐		2,703,751
Carried forward	2,806,169	‐	‐	‐	‐		2,806,169

* The "transfers" row is for movements between fixed asset categories.

** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the rate of depreciation: for straight line, depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is made each year.

10. Analysis of current assets

Debtors and prepayments Other debtors Total debtors and prepayments Analysis of cash at bank Bank balance held in RBS Bank balance held in NatWest etc (for Pre School) Bank balance held in CFB Petty Cash & Int. Orgs. Cash Pre paid assessments Accrued income Total Cash and Bank	This year £ Nil 10,093 Nil 10,093 3,823 44,026 76,261 117 124,227	Last year £
		Nil
		8,807
		Nil
		8,807
	3,823	14,446
	44,026	40,319
	76,261	75,112
	117	304
	124,227	130,181

11. Analysis of current liabilities and long term creditors

Trade Creditors Other Creditors Total Current Liabilities

292		298
486		5,307
778		5,605

Capital commitments and contingent liabilities

At the 31 st August 2021 the Church has no capital commitments.

No Contingent liabilities were identified at 31st August 2021

Wilmslow Methodist

Name of Church

12. Detailed analysis of individual fund movements

Unrestricted Funds

Unrestricted Funds
Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
General Fund	68,274	95,283	‐98,657	‐930		63,970
				.
Totals	68,274	95,283	‐98,657	‐930		63,970

Designated Funds

Designated Funds
Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
Major Gifts	2,438					2438
Property	20,462			830		21,292
C&F Worker	250			100		350
Totals	23,150			930		24,081

Restricted Funds

Restricted Funds
Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
Benevolent Fund	356					356
Legacies Fund	1,000					1000
Fixed Assets	2,703,751				102,418	2,806,169
Internal Orgs	45,576	109,151	‐110,431			44,297
Totals	2,750,684	109,151	‐110,431		102,418	2,851,822

Endowment Funds

Endowment Funds
Restricted Fund Name	Opening Balance	Income	Expenditure	Transfers	Revaluation gains/losses	Closing Balance
Totals

Fund purposes

See Reserves Policy

Reasons for transfer between funds

See Detailed Notes

Wilmslow Church

DECLARATIONS

Treasurer

I confirm that I have prepared the accounts from the records of the Church and that they include all funds under the control of the Church Council.

Signature of Treasurer W Deverell Date 30-Oct-21 Name W A R Deverell Address 12 Thorngrove Hill WILMSLOW SK9 1DF Presentation to the Church Council Meeting for approval. I confirm that the Accounts were, presented to the Church Council Meeting on and were approved. Signature of the Chair of the meeting Name of the Chair of the meeting Date

Independent Examiner’s Report to the Trustees of the

Wilmslow Methodist Church

I report on the Church Accounts for the year ended 31[st] August 2021

Respective responsibilities of Trustees and Examiner

The Church's trustees are responsible for the preparation of the accounts. The Church's Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011(the Charities Act) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts under section 145 of the Charities Act 2011;

• to follow the procedures laid down in the general Directions given by the Charity Commission under Section

• 145(5)(b) of the Charities act; and

• to state whether particular matters have come to my attention.

Wilmslow Church

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with Section 130 of the Charities Act 2011.

• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name Peter de la Wyche Signature Peter de la Wyche

Relevant Professional qualification or body

FCA

Address 16 Lindow Fold Drive WILMSLOW SK9 6DT

Date

30-Oct-21

RESERVES POLICY

Report on behalf of

WILMSLOW Methodist Church

(*Church Council/ ~~Circuit Meeting/District)~~

To

BRAMHALL AND WYTHENSHAWE

(*Circuit Meeting/ ~~District/Resourcing Mission Office)~~

We submit our annual report in accordance with the requirements of the Methodist Conference and the Charities SORP.

• (I) The trustees have established their mission aims taking into account all of the resources available in terms of people, property and money

• (ii) Mission initiatives/projects have been costed or estimates made of projected future costs which take into account the needs of the buildings and the requirements of the Quinquennial Inspection Report/s

• (iii) We have agreed a Reserves Policy which is set out overleaf and is recorded in the trustees’ minutes and our Annual Report

• (iv) We recognise the need to be accountable as charity trustees for all the money which comes into our hands and will provide further information as required by the Circuit/District/Connexion

• (v) Our Report is attached overleaf

• please delete as appropriate

To be completed by Receiving Body

----- Start of picture text -----
The BRAMHALL AND WYTHENSHAWE
Circuit Meetin g/District/Resourcing Mission Office received the RESERVES POLICY of
WILMSLOW Methodist Church
Church Council/ Circuit Meeting/District
Policy accepted and acknowledgement sent to the trustees YES /NO
Policy noted and the following enquiries made of the trustees
Responses received and any further action taken
Circuit/ District/Resourcing Mission Office
Signatures ……………………………………. ……………………………………. Date…………
Please delete as appropriate
----- End of picture text -----

RESERVES POLICY of WILMSLOW Methodist Church

(*Church Council/ ~~Circuit Meeting/District)~~

1. General Fundsheld at Y/E 31/08/21	£63,970
2. Restricted and Designated Fundsheld at Y/E 31/08/21	**£25,437 **
3. Endowment Fundsheld at Y/E 31/08/21	£0

The Reserve Funds held by the Church are set out below. The Funds are described as Unrestricted where they can be used for any Church purpose, designated where the Church Council has determined they should be applied for a particular purpose or Restricted where the use of the funds is proscribed by some form of legally binding rules. The level of individual Reserves and of the total Reserves held is monitored by the Finance Committee on an ongoing basis. The Finance Committee seeks to ensure that adequate but not excessive Reserves are held for the anticipated needs of the Church. They then make

recommendations from their review to the Church Council which determines any actions to be taken as a result.

4. General Fund (Unrestricted)

The General Fund comprises the accumulated surpluses and deficits on our normal income and expenditure. We aim to hold around four months’ average expenditure (about £30,000) to allow for variations in cash flows and the risk of loss of short-term letting income from church rooms. At the year end the balance was £ 63,970.

5. Benevolent Fund (Restricted)

The Benevolent Fund is held to allow the Minister to make small payments to needy persons who approach the Church for urgent assistance. We aim to hold around £100 in this fund. At the year end the balance was £356. There was no activity on this fund during the year.

6. Property Fund (Designated)

The Property Fund is held to provide for major repair and refurbishment expenditure for the building. We aim to hold £20,000 in this fund to ensure such work can be undertaken promptly. At the year end the balance was £21,292 following a donation of £820. Where relevant costs arise, we seek to utilize other restricted funds first to maximize the funds available for designated or unrestricted purposes within the Church Council’s control. If required, this Fund would be topped up by either special fundraising activity or a transfer from the General Fund. There was no activity on this fund during the year.

7. Legacies (Restricted)

The Legacy Fund comprises bequests to the Church whose use is determined by either Methodist Church Model Trust rules or by the terms of the Will. We seek to utilize these funds for major one-off expenditure such as the purchase of expensive equipment for use in the building. By its nature there is no target level for this fund. The fund currently holds £1,000. There was no activity on this fund during the year.

8. Major Gifts (Designated)

The Major Gift Fund comprises significant one-off gifts to the Church where it is felt appropriate to hold them outside the General Fund and utilize them for significant one-off expenditures, including support for emergency appeals. By its nature there is no target level for this fund. The fund currently holds £2,438. There was no activity on this fund during the year.

1. Children and Family Work (Designated) This fund was opened in September 2019 by the donation of £250 to support work with children and families. There was no activity on this fund during the year other than a further £100 donation.

2. Internal Organisations (Restricted) This money comprises all the reserves of Internal Organisations. These reserves are small except for Pre-School. At year end the total was 44,297 of which £ 44,073 related to the Pre-School and. and £224 to Lunch Club. The Pre-school balance is approximately six months’ operational costs

11 Land and Buildings Reserve - The Church building is included in the annual Church Accounts as an asset at its insurance valuation. This reserve matches that valuation and changes over time as the insurance valuation changes. It is a restricted fund and, in the event the building was ever sold, the proceeds would revert to The Connexion and not be part of the individual Church funds.

This Reserves Policy has been approved by

WILMSLOW Methodist Church

(*Church Council/ ~~Circuit Meeting/District~~ )

Treasurer	Trustee
Full name William A R Deverell	Full Name
Signature W. Deverell	Signature