Charity Number: 1129635 Withington Methodist Church Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2024
Withington Methodist Church CONTENTS Page Reference and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Stalements 12-20
Withington Methodist Church REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Revd Dr Caroline Wickens Papa Andoh-Kweku Giselle du Tott David Phoenix-stone Heather Steward John Shutueworth Jenny Went Helen Fielding Hannan Noel Elizabeth Acquah-Adu Richard Kirkby Elycia Omiandy Julia Connell Lynne Kirkby Jacqueline Kirkby Margarel Clarson Lucy Goodman Don Taylor Jani Clark Charity Number in England and Wales 1129635 Prlnclpal Address 439 Wilmslow Road Wilhington Manchester M20 4AN UK Independent Examinèr Steven Nixon 8Sc (Hons) FCCA Langers MN Limited Chartered Certified Accountants and Registered Auditors 8-10 Galley Road Cheadle Cheshire SK8 1PY GB PrSnclpal Bankers Nalwesl PLC 699 Wilmslow Road Didsbury Manchester M20 6NW
Withington Methodist Church TRUSTEES. REPORT for the financial year ended 31 August 2024 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 August 2024. The financial statements are prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charilies.. Statement of Recommended Practs'ce applicable to charities preparing their financial stalemenls in accA)rdanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Truslees. Report contains the infomation reqUId to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORPI guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this rewrt the trustees of Wilhington Methodist Church present a summary of its purpose. governance. activities, achievements and finances for the financial year 31 August 2024. The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Mission Statement All Methodist Churches The purposes of the Methodist Church are and shall b8 deemed to have been since the date of union the advancement (al the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church., {bl any charitable purpose for the time being of any Connexional, district, circuit, local or other organisation of th8 Methodist Church; (cl any chantable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; (dl any purpos8 for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. Withingion Methodist Church Aim and purpose The CC has the responsibility of promoling the whole mission of the church, pastoral, evangelical, social and 8cum8nical. The members of the CC are the managing trustees of the propety with responsibility for everything to do with its maintenance and upkeep. Objectlves Objectives and Adivities The CC is committed lo enabling as many people as possible to worship at our church and to become part ofthe church community. The CC mainlains an overview ofworship. Ourserwices and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for Ihe year the CC considered the Commission's guidance on public benefil and, in particular, the guidance on charities for the advancement of religion. In particular. we try to enable ordinary people to live out Iheir faith as part of Ihe local community through-. Worship and prayer, study and fellowship - Pastoral care for our members and community roll Mission and outreach work Service lo the local community. To facilitate this work it is important that we maintain the fabric of the church building (which had a £1.4 million redevelopment in 19981. Restricted funds were held for Ihis purpose until October 2023, when the restrictions were released owing to the end of the lease with the NHS.
Withington Methodist Church TRUSTEES. REPORT for the financial year ended 31 August 2024 Stru¢ture, Governance and Management Structure The Goveming Documents of the Methodisl Church of Great Britain, of which Withingion Methodist Church is an integral part, are the Deed of Union (1932) and the Methodist Church Act {1976). The Trustees are the individual members of the Church Council. The Withington Methodist Church Council ICC) is made up of ex officio members and members elected at the AGM. All members are eligible. All others who attend our serwices or who are members of the congregation are eligible to attend the CC as obseNers. The CC is responsible for the decisions of general concern and importance to the church including how the funds are spent. They delegate clear responsibilities to the Building Management Team and the Finance Team who report back to the CC. The CC meets three times a year and organises the Church AGM. Circuit Meeting Four members of the CC and the Church Treasurer are members of the Circuit Meeting. and therefore Trustees for the Manchester Circuil of the Methodist Church of Great Britain. This provides links belween our local church and the wider church structures. Review of Activities, Achlevements and Perforniance Worship and prayer The CC in conjunction with the Superintendent Minister and l¢)cal leadership arranges Sunday services and other weekly activities. These include: Sunday morning worship, Bible study. midweek prayer and additional services lo reflect the Christian year. We conlinue to welcome a number of university students and other young adults coming to study or work in Manchester, Including many from overseas. The congregation on a Sunday moming has a wide ethnic mix. As a Methodist Church we hold a list of members and a community roll. Al present we have approximately 52 member5 and a community roll of over 400. As well as our regular services, we enable our community to celebrate and thank God al the mileslones of the journey through life. We welcome children for baptism and keep in touch with the families. inviting them to appropriate worship. Through funeral seNices we are able to support families through our prayers and share with them Ihanks to God for the life of their loved ones. As a local church we are linked with the other Methodist churches in the Manchester Circuit. to which we pay an annual Assessment. Our Minister serves as Superinlendent and has pastoral charge of one other local church as well as Withinglon Methodist Church. Pastoral Care The Church has a system of pasloral care through pastoral visitors who undergo appropriale safeguarding checks and training and work in conjunction with the minister to ensure the care of those connected with the Church either by membership or who are on our community roll. We come into contact with a greal number of people as we run a preschool group. Monday Monkeys. support the Brownies who meet on the premises, and have groups for men and women, the Men's Club and Ihe Wednesday Fellowship. We provide a base for two addiction groups. Narcotics Anonymous and the Friends of the Brian Hore Unit. We also provide facilities for Withington Assist. All these activities are advertised in our weekly notices and monthly magazine, which is distributed widely not only to our present membership bul to others interested, and is being added to the information available on our website- www.withingtonmethodistchurch.org. The Church Premises Our church premises are open seven days a week. demonstrating to the ICal community an active Christian presence in their midst. The church office is open to the public every weekday. In addition to the use by the church the premises provide accommodation and facilities for Ihe Heart Help Support Group (for people with heart problems referred by the health service). Head Forward Centre, a day care seNice for people who have suffered head injuries (supported by the health service), and Assisl, a community care organisation which links volunteers with people who need occasional or regular informal help. Each of these SeICeS Gontribules to the cost of running the premises and we maintain good contacts with them. Other local charitable and commercial groups also use our premises.
Withington Methodist Church TRUSTEES, REPORT for the financial year ended 31 August 2024 Child Contact Cenlre The Conlacl Centre celebraled its 30th anniversary in 2022 and is open every other Saturday morning to provide facilities for separated parents to have contact with their children. as directed by the courts. 11 is run entirely by volunteers, a mix of church members and commilled helpers from the local community. It is a member of the National Association of Child Contact Centres from which it receives accdi13t10n, advice, guidan and training. Referrals are made through local solicitors. A high propNJrtion of families referred come from minority ethnic communities. The Contact Centre operates under the direction of the CC and confomis strictly to the Methodist Church's safeguarding policies. All volunteers undergo DBS checks and safeguarding training. During the year we provided a service for 17 families representing 25 children. Mission and Evangelism Our Church operates within a large diverse community of South Manchester and aims lo serve that community in providing a spiritual context for community activity and practical care. We are also committed lo support Christian Aid and various charitable organisations of the Methodist Church as a whole. We also give financially to disaster appeals as and when they occur We have good ecumenical relationships with other local churches, especialty our Anglican colleagues al the local AnglirAn church. We are developing a supportive relationship with the local L'Arche community via an initiative known as Bread Church. The church is a corporate member of Withington Civic Society and church members support their activities. We provide pr8mises for some of their events and a base for some of their actsvities in the local area. Worship on Sunday mornings sees congregations of 30 - 35. and we are attracting new members. Sunday evening services continue to be provided via an online plattonn for the whole circuit. Pastoral care is provided face to face and over the telephone. The organisations using our church are now also back to pre•andemic pattems of activity. and our office manager and staff arè working mainly back on the premises. Financial Review The accounts rellect an assel valLJe of £814,069. It should be noted that £630.000 of this value is the Church building itself, £51,697 of the reserves are restricted for specific purposes and £9.069 are endowment funds. Total receipts on unrestricted funds We £121.396. Restricted funds from South Manchester Universities Hospital Trust were £1,667 in accordance with the lems of their lease, plus £1,070 bank interest. The planned giving through bankerfs orders and envelopes showed an de¢rease of £1.857. £126,922 was spent to provide Christian ministry from Wrthington Methodist Church including £40,000 to the Circuit as our assessment. Our contnbulion remains a high priortty to help maintain church aclivits8S throughout Manchestér. The Circuit Assessment balance outstanding for 2023124 was £15,000. Lettings income decreased by £2,957 in the year ending 31 August 2024, compared with the previous year. Results Al the end of the financial year Ihe charity has assets of £852.389 (2023 - £868.424) and liabilities of £38,320 {2023 - £55,538). The net assets of the charity have increased by £1.183. Reserves Position and Policy General fund We relain in this fund sufficient to meet 6 months of nomial expendilure in the running of the church, upkeep of the building and the payments made lo the Circuit as our share of the assessment. All other funds are held as designated fvnds for Ihe maintenance and expansion of the mission of the Wilhington Methodist Church in the Withington and Ladybam area. Restricted funds These include.. Development Fund As no specific use was defined during the year. the bequest from Miss Connie Hersee for further pastoral work amounts to £37,510.
Withington Methodist Church TRUSTEES, REPORT for the financial year ended 31 August 2024 Benevolent Fund. This is held lo enable the Minister to respond to requests for charitable assistance. The balance remaining on the fund is £168. Aileen Hargreaves legacy was bequeathed to enable members of the congregation to have a holiday or to travel to festivals, conference and courses stands at £14,019. The Repairs and Maintenance fund The CC agreed when the church reopened after redevelopment that it should estsblish a separate reseNe fund lo meet future major expenditure on the fabric and plant of the building. We were also able to secure a contribution from the Health Authority of £10,000 per annum for the 25 years of the lease. This reslricled contribution would meet 25°/0 of the costs as specified in the lease. In 1996 the CC agreed Ihal major capital expenditure relating to the fabric or plant of the building even when it related only lo church use should be met by the Church's contribution to this fund. Minor costs, e.g. under £400, and equipment for church use should continue to be met from the general fund. The deficit in the Designated Repairs and Maintenance fund, as ofAugusl 2024, of1£6.9311, was cleared by transfer from General Fund, and the Restricted Repairs and Maintenance (SMUHT) fund balance atthe end ofthe lease of£170,623 was transferred to General Fund. Endowment funds Carnelleys bequest for the benefit of the poor £224. Higginbothams legacy for the support of the chapel £254. Edward Shedock legacy £8,591 for musical seThices or general purposes. Compllance wlth Sector-wlde Leglslatlon and Standards The charity engages pro•aclively with legislation, standards and codes which are developed for the sector. Wilhington Methodist Church subscribes to and is compliant with the following= The Charities SORP IFRS 102) Employeès The CC employs a p8rt-lime church adminislralor who staffs the Offi every weekday afternoon and manages the computér inpulling of the church accounts, room bookings, weekly church notices and other responsibilities allocatéd to him. In addition we employ a cleaner and a number of staff who act as door stewards for church and outside bookings at various times during the week. They include people entitled lo therapeutic earnings to assist their rehabilitation after illness or disability. The commitment of the church to this policy continues and has been rewarded by a real and corresponding response from all individuals involved. 2610612025 Approved by the Board of Trustees on and slgned on Its behalf by: Revd Dr Caroline Wickens Trustee
Withington Methodist Church STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 August 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as al the financial year end date and of the surplus or deficit of the charity and otherwise comply wilh the Charities Act 2011. In preparing these financial statements, the trustees are required to= select suitable accounting policies and apply them consistently; make judgements and accounting estimates Ihal are reasonable and pnjdent. state whether the financial statements have been prepared in accordan with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial slalements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial st8lements. The truslees are responsible for keeping adequate accounting records thal are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Acl 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2610612025 Approved by the Board of Trustees on and signed on its behalf by: Revd Dr Carollne Wlckens Trustee
Withington Methodist Church INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF WITHINGTON METHODIST CHURCH I have examined the financial statements of the charity for the financial year ended 31 August 2024. which comprise the Stalemenl of Financial Activities, the Balance Sheet and the related notes. This rep¥Jrt is made solely to the charity's members. as a body. in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might compile the financial statements that I have been engaged lo compile, report to the Board of Truslees that I have done so. and state those matters that I have agreed lo state to them in this report and for no other purpose. To the fullest extent permitted by law, I do nol accept or assume responsibility to anyone other than the charity and the charity's members, as a tM)dy. for my work, or for this report. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 2011. The charily's trustees consider that an audit is nol required for this financial year under Section 145 of the Charities Act 2011 and that an independent examination is required. It is my responsibility to= examine the financial stalemenls under section 145 of the Act; follow the procedures laid down by the general Directions given by the Charity Commission under section 145151 of the Charities Act 2011., and state whether particular matters have come to my attention. Basis of Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An 8xamination includes a review of the accounting records kept by the chanty and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the Iruslees concerning any such mallers. 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 pr6s6nl a 'true and fair, view and the report is limited to those mattets s81 out in th6 Staléménl bèlow. Independent examlner's statement In connection with my examination, no matter has come to my attention which giv8s me caus8 to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Charities Act 2011 the financial slalemenls do not accord with those accounting records the financial slalemenls do not comply with the accounting requirements of the Charities Act the financial statements have not been prepared in accordance with the Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) there is further infomiation nee(led for a proper understanding of the accounts to be reached. I have no concems and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Steven Nixon Bsc {Honsl FCCA LANGERS MN LIMITED Chartered Certified Accountants and Registered Auditors 8-10 Gatley Road Cheadle Cheshire SK8 1PY GB 27 June 2025
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Withington Methodist Church BALANCE SHEET as at 31 August 2024 2024 2023 Notes Fixed Assets Tangible assets Investments 630.000 112,194 630,000 107.444 742,194 737,444 Current Assets Debtors Cash at bank and in hand 10 28.645 81,550 24,161 106,819 110,195 130,980 Credltors: Amounts falllng due wlthln one year 11 138.320) 155,5381 Net Current Assets 71,875 75,442 Total Assets less Current Liabilities 814,069 812,886 Funds Endowment funds Income funds: Restricted trust funds Designated funds (Unrestricted) General fund lunrestrictedl 9,069 8,633 13 51,697 8.519 744,784 219.701 8,555 575,997 Total funds 14 814.069 812,886 The financial slatemenls have been prepared in accordance with the provisions applicable lo companies subject lo th8 small companies, regime and in accordance with FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. 2610612025 Approved by the Board of Trustees and authorlsed for Issue on behalf by and slgned on Its Revd Dr Caroline Wickens Trustee The notes on pages 12 to 20 fomi part of the finanaal statemenls 11
Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 GENERAL INFORMATION Withington Methodist Church is a charity incorporated in England. The registered office of the charity is 439 Wilrllslow Road, Withingion, Manchester, M20 4AN. UK which is also the principal pla of business of the charity. The financial statements have been presented in Pound (£1 which is also the functional currency of the charity- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting tM)licies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Slalemenl of Recommended Practice {SORPI 'Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102" applying Sedion 1A of that Standard. As pemiitted by the Companies Act 2006, the tharity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the slandard formats are to comply with the requirements of the Charilies SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. The Charity is public benefit entity. Statement of compliance The financial statements of the charity for the financial year ended 31 August 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI"Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard. Fund accountlng The following are the categories of funds maintained: Restricted funds Reslricled funds are subjecled lo reslrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. Unrestrlcted funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds eannarked by the Trustees for particular purposes. Endowment funds Endowmenl funds are funds donated to the charity, where the funds shall be invested and the charity shall enjoy the benefit of the income from the capital fund. but where restrictions are placed on the use of the capital. Income Income is recognised by inclusion in the Statsment of Financial Aclivities only when the charity is legally entitled to the income. perfomiance conditions attached to the ilem{s) of income have been met, the amounts involved can be measured wilh suffiaenl reliability and il is probable thal the income will be received by the charity. Donatlons and legacles Voluntary income is received by way of grants. donations and gifts and is included in full in the statement of financial aclivilies when re1Vable. Grants where entitlement is not conditional on Ihe delivery of a specific performance by the tharity, are recKJgnised when the charity becomes unconditionally entitled to the grant. Legacies are included when the charity is advised by the personal representative of an eslate that payment will be made or propety transferred and the amount involved can be quanb'fied. Grants, including grants for the purchase of fixed assets. are recL)gnised in full in the statement of financial activities in the year in which they are receivable. 12
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 Donated services or facilities Donated services and facilities are included at the value to the charity where this can be quantified. The value of seNices provided by volunteers has not been included. Investments Income from investments is included in the year in which it is receivable. Deferred income Where temis and conditions relating lo income have nol been mel or uncertainly exists as to whelherlhe chanty can meet any terms or conditions otherwise within its control. income is not recognised but is deferred as a liability until it is probable that the temis or conditions imposed can be met. Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associaled with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly lo such aclivilies and those costs of an indir8cI nature necessary to support them. Governance costs are those incurred in connection with adminislralion of th8 charity and compliance with constitutional and statutory requirements. Tanglblè flxed a$$el$ and depre¢latlon Tangibl8 fixed assets are measured al their original cost value, or subsequent revaluation. Cost value includes all costs expended in bringing the asset into its intended working condition. No depreciation is provided on freehold property and improvements because it is the practice to maintain the property in a continual slate of sound repair. Accordingly. the life is so long and the residual value so high that the Trustees consider that depreciation calculated in accordance with accepted accounting standards would be immaterial. Land and buildings freehold 4Yo Straight line Investments Fixed asset investments in unlisted 8quities are shown at the balance sheet date at the besl eslimale of their market value, where pradicable. Where valuation techniques are considered unreliable or where, in the opinion of the Iruslees, the costs outweigh the benefits to the users of the accounts, the inveslmenl is included at cost, and a review is undertaken al each year end as lo whether Ihe asset should be written down. Debtors Debtors are recognised al the settlement amount due after any discount Offed. Prepayments are valued at the amount prepaid netof any trade discountsdue. Income recognised bythe charity from government agencies and other co-funders, but not yet received at financial year end, is included in deblors. Cash at bank and in hand Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn. are shown at the amounts properly rnciled to the bank slatemenls. Taxation No current or deferred taxalion arises as the charity has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. Penslons The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separalety from Ihose of the charity- Annual contributions payable to the charity's pension scheme are charged to the profit and loss account in the period to which they relate 13
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 INCOME DONATIONS AND LEGACIES Unrestrlcted Restrfcted Funds Funds 2024 2023 Small donations individually £1000 or less Legacies individually more than £1000 Grants from entities individually £1000 or less 34,360 2.000 150 34,360 2.000 150 32,538 3,000 36,510 36,510 35,538 CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Methodlsl Church: Contact centre Monday Monkeys Wedding and funeral fees 2.500 1,230 135 2,500 1,230 135 2,500 787 385 3,865 3,865 3,672 OTHER TRADING ACTIVITIES Unrestrlcted Restrlcted Funds Funds 2024 2023 Inwme from letting and licensing of property for non charitable purposes Solar panels 74,048 1,667 75,715 78,702 1,779 1,779 1,793 75.827 1,667 77,494 80,495 Prior year restricted income,. Income from letting and licensing of propety for non charitable purposes £10,000. INVESTMENTS Unrestricted Restricted Endowment Funds Funds Funds 2024 2023 Dividend Income Bank Interest Receivabl8 3,180 1,938 3,187 6,048 1,588 3,896 3,657 453 5,118 3,657 460 9,235 5,484 Prior yèar restricted income: Bank interest receivable £2.357. Prior year endowment income- Dividend income £7.. Bank inleresl receivable £262. OTHER INCOME Unrestrlcted Restrlcted Funds Funds 2024 2023 Sundry other income Right to Light Compensation 80 80 25 35.000 80 80 35.025 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Gross wages and salaries - 14,235 14,235 13.184 14
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 charitable activities Defined contribution pension costs charitable activities Circuit assessment Funeral Fees Worship costs Contact centre Monday Monkeys Grants made to individuals Grants- All We Can Grants - Christian Aid Grants- World Mission Fund Grants - L-Arche Manchester Grants- Coffee4Craif Grants - Gospel Choir Concert Grants - Operation Smile Rates and water charges Light heal and power Cleaning and waste management Premises repairs, renewals and maintenance Security system Property insurance Telephone, fax and intemet Paper, stationery and poslage Photocopier costs Software licences and expenses Sundry expenses Licences & Permits Admin costs National Melhodisl Youth Brass Band Othèr legal and professional Governan Costs (Note 4.2) 414 414 452 40,01)0 40,000 48.000 200 657 247 12 475 251 24 1,000 475 251 24 1,000 113 178 70 27 117 332 82 332 82 700 500 700 500 1,874 14.152 2,309 21,704 1,874 14,152 2,309 21,704 1,317 15,493 2.089 30,173 3,269 6,520 1,272 101 855 150 40 743 304 3,269 6,520 1,272 101 855 150 40 743 304 3,017 6,316 1,143 159 620 21 15 796 320 249 1,392 15,570 1,670 16,674 1,670 16,674 58.013 71,637 129,650 141,947 Reslricled expenditure,. Premises repairs. renewals and maintenance £2,667 {Prior year £2,347),. Admin costs £38 {Prior year £37). Endowment expenditure; Admin costs £23 (Prior year £231. GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2024 2023 Independent Examiner's fees Trustees, remuneration Trustees Defined contribution pension costs Finance Team Costs 1,668 12,786 2,131 1,668 12.786 2,131 1,596 11,997 1,977 89 89 16,674 16,674 15,570 SUPPORT COSTS Charitable Governance Activities Costs 2024 2023 Support 54.963 16,674 71.637 78,937 15
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 NET INCOME 2024 2023 Net Income is stated after chargingl{crediting): Independent Examiner's remuneration.. independent examination ServIS 1.668 1,596 INVESTMENT AND OTHER INCOME 2024 2023 Sundry income Bank interest Investment income 80 6.048 3,187 35,025 3,896 1,588 9,315 40,509 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employèd (induding executive Injstees) during thé financial year was as follows.. 2024 Number 2023 Number Charitable Activities The staff costs {inclusive of truslees, salaries) comprise.. 2024 2023 Wages and salaries Pension costs 27,021 2.545 25,181 2,429 29,566 27,610 No employees received emoluments (excluding pension costs) in excess of£60,000 per annum. TANGIBLE FIXED ASSETS Land and bulldlngs freehold Total Cost Al 31 August 2024 630,000 630.000 Net book value Al 31 August 2024 630,000 630,000 Al 31 August 2023 630,000 630.000 16
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 INVESTMENTS Other investments Total Investments Cost Al 1 September 2023 Additions Revaluations 107.444 1,101 3,649 107.444 1,101 3,649 Al 31 August 2024 112,194 112,194 Net book valu6 At 31 August 2024 112,194 112,194 Al 31 August 2023 107,444 107,444 10. DEBTORS 2024 2023 Other debtors Prepayments and accrued income 25,347 3.298 20.318 3,843 28,645 24,161 11. CREDITORS Amounts falllng due wlthln one year 2024 2023 Accruals and deferred incx)me 38,320 55,538 12. PENSION COSTS - DEFINED CONTRIBUTION The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted to £2,54512023 - £2,429). 13. RESERVES 2024 2023 Al the beginning of the year Surplus for the finanaal year 812,886 1.183 800.430 12,456 Al the end of the year 814,069 812,886 17
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restrfcted Endowment Funds Funds Funds Total Funds At 1 September 2022 Movement during the financial year 582.291 2,261 209.727 9,974 8.412 221 800,430 12,456 Al 31 August 2023 Movement during the financial year 584.552 168,751 219,701 {168,004) 8,633 436 812,886 1,183 Al 31 August 2024 753.303 51,697 9,069 814,069 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 September 2023 Income Expenditure Transfers between funds Balance 31 August 2024 Endowmenl funds Carnelleys Bequest Edward T Shedock Legacy Higginbotham Legacy 224 8,173 236 12 441 25 1121 224 8,591 254 23 {7) 8,633 478 23 1191 9,069 Rèslrlcted funds Aileen Hargreaves Legacy Benevolent Development Repairs & Maintenance {SMUHT} 13.337 168 35.643 170.553 720 38 14,019 168 37,510 1,867 2,737 2,667 1170,6231 219,701 5,324 2,705 1170,6231 51,697 Unrestrlcled funds Contact Centre Monday Monkeys Repairs & Maintenan The Club Flower Fund Thursday Night Group Church Magazine Tuesday Tols Moira Nixon Opportunity Fund Unrestricted General 1.832 1.000 2.500 1,230 1,070 251 24 8,001 12.5001 11,2061 6,931 1,581 1,000 91 589 243 251 468 4,082 575,996 91 589 243 251 468 4,296 744,784 214 120,017 118,646 167,417 584,552 125,031 {126,922) 170,642 753,303 Total funds 812,886 130.833 129,650 814,069 Unrestricted and designated funds:. Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and, subjed to charity legislation. are free from all reslriclions on their use. Contact Centre Designated to record the income and expenditure of the contact centre. Moira Nixon Opportunity Fund Designated fund to be held primarily for the redevelopment of Area 3 lex CAB offices) as opportunity arises. 18
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 Monday Monkeys Designated lo record the income and expenditure of the mother and toddler group. Repairs & Maintenance Designated lo record the churches annual contribution towards repairs and maintenance and pemilted expenditure in accordance with the agreement with SMUHT. The deficit at 31 August 2024 was cleared with a £6.931 transfer from General Funds. The Club Designated lo record income and expenditure ofthe Club. Flower Fund Designated for decoration of church services and subsequent distribution or as appropriate. Thursday Night Group Designated held on behalf of ladies social group. Church Magazine Designated fund lo be used to provide a church magazine to promote church seNices. Tuesday Tols Designated lo cOrd the in¢ome and expenditu of the Toddler and Car Group. Right to Light Year ended 31 August 2023 only. £35,000 compensation was received. The CC designated this lo clear circuSt assessment arrears as at 31 August 2022. The arrears were £20,600, and the remaining £14,400 was transferred back to Unrestricted Revenue Funds. Restrlcted funds:. Aileen Hargreaves Lègacy This fund is lo enable members to have a holiday, or to assist members with travel, accommodation and other fees when attending festivals, courses and conferences. Benevolent The fund is used for benevolent purwses. Developmént This fund is used for development work within the church. Repairs & Maintenance (SMUHT} This is South Manchester University Hospital Trust's annual contribution towards the repairs and mainlenance, and allocation of permitted expenditure. The balance of the fund. £170.623. was transferred lo General Fund on cessalion of the lease in October 2023. Endowment funds:. Carnelleys Bequest Income from this fund is to be used for the benefit of the poor. Edward T Shedock Legacy The income from this fund can be used for the upkeep and maintenance of the church, the improvement of musical services and general purposes of the church. Higginbolham Legacy Income from this fund is used to support the chapel. 19
continued Withington Methodist Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 14.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity use Flnanclal fixed assets Current assets Current liabilities Total Endowment capital Permanent 9,069 9,069 Restricted trust funds 14,020 37,677 51,697 Unreslricled designated funds Unrestricted general funds 8,519 63.999 8,519 744,784 630.IXIO 89.105 {38,320) 630.000 89.105 72.518 {38,320) 753,303 630.000 112.194 110,195 (38.320) 814.069 15. TRUSTEES, REMUNERATION 2024 2023 Remuneration including pension contributions 14,917 13.974 'Richard Kirkby is employed as the part time church administrator. The Church Council complies with Methodist Church Standing Orders 919 and 019A regarding ¢onfli¢ts of inleresl. No other trustees received remuneration or expenses.. 16. RELATED PARTY TRANSACTIONS There were no transactions wilh related parties in the year, except with regard to Irustees, remuneration, which are fully disclosed in notes above. 17. POSTSALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 18. WINDING UP OR DISSOLUTION OF THE CHARITY If upon winding up or dissolution of the charity there remain any assets. after Ihe satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 20