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||Farnworth|&Worsley|Circuit No|6 3|
|---|---|---|---|---|
|Minister|||Rev Sarah Knebel||
|Church|Stewards||||
|||Mrs LPAce|||
|||Mrs D Winnard|||
|||Mrs EV Hancox|||
|||Mrs A Bennett|||
|||Mrs JTaylor|||
|||Mrs E Nelson|||
|||MrJ J O' Neill|||
|||Mrs S M Poole|||
|||Mr A BStribling|||
|Church|Secretary||Mrs E0 Kennedy||
|Church|Treasurer||Mrs M O' Neill||





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|WALKDEN METHODIST CHURCH<br>TRUSTEES' ANNUAL<br>REPORT 2023 CONTINUED<br>Edit<br>trends|WALKDEN METHODIST CHURCH<br>TRUSTEES' ANNUAL<br>REPORT 2023 CONTINUED<br>Edit<br>trends|WALKDEN METHODIST CHURCH<br>TRUSTEES' ANNUAL<br>REPORT 2023 CONTINUED<br>Edit<br>trends|WALKDEN METHODIST CHURCH<br>TRUSTEES' ANNUAL<br>REPORT 2023 CONTINUED<br>Edit<br>trends|
|---|---|---|---|
|xpenure<br><br>Our major cost is in relation to the assessment<br>paid to the Farnworth 5Worsley Circuit this amounts to approximately<br>54% ofour total outgoings.<br>A significant<br>amount ofthe Circuit Assessment<br>is used to pay District Assessment,<br>stipends<br>and related costs for Ministers<br>and Circuit Staff. The other expenditure<br>includes benevolent<br>fund support,<br>general||||
|maintenance<br>ofour buildings,<br>for example heating,<br>lighting costs.||||
|Our Church Membership|stand at 92.|||
|Fund balances<br>As at 31August 2023the|current<br>Church expenditure<br>wasf84,679 therefore we hold 7 months'<br>contingency||cover.|
|Which equates to f49,000||||
|Balance Sheet Funds:<br>Cash in Hand:|E7,653 -Working Capital includes some funds for the Circuit Assessment<br>instalment<br>due 1st September 2023 and day to day running<br>costs ofthe|||
||Church.<br>f11,390 -designated<br>development<br>fund<br>—to support,<br>stimulate<br>sustainable<br>growth of the Church, along side growth<br>maintaining<br>and investing<br>in the|||
||environment.|||
|Trustees for Methodist<br>Purposes deposits|f71,190 unrestricted<br>funds of which f49.000contingency<br>cover.<br>f22,190 - is held for continuity<br>in the event oflarge variation of<br>income, bridge cash flow problems,<br>maintenance<br>in line with our 5year|||
||maintenance<br>plan.<br>f79,062- restricted<br>funds held for capital redevelopment<br>—f52,406<br>to cover remaining<br>works included<br>in our building scheme.|||
||f26,656 remains for future capital redevelopment.|||
|Endowment<br>Funds|f49- General funds|||
|Central Finance Board|f21,323 unrestricted<br>funds for emergency<br>cost items.<br>f6,758 -designated<br>funds<br>—savings for future, longer term, large maintenance|||
|Luncheon Club-|projects- more than in the 5year maintenance<br>programme.<br>f2,451 -restricted funds to cover the costs of running the Luncheon<br>Club<br>outreach<br>and equipment<br>for the use ofall users.|||



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|St|atement o|fFina|nci|al Act|ivities (SOFA)|fort|he year e|nded 31Augu|st 2023|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||General||Fund|Restricted Funds|Other|Funds|Designated|Totals this year|Previous|year|
|||(Unrestricted)||||(Endownment)||(Designated)||totals||
|Incomin<br>Resources||||||||||||
|1 Assessment<br>or Share||||||||||||
|2 Collections/gift<br>day/gift<br>aid|||45,608||||||45,608|43,678||
|3Interest and Investment<br>Income||||5,441|515|||227|6,183||785|
|4 Donations||||5,105|||||5,105||3,818|
|5 Contributions<br>from Circuit Advance||||||||||||
|Funds||||||||||||
|6Connexional<br>Advance<br>&Priority Fund||||||||||||
|distribution||||||||||||
|7fund raising income||||1,385|||||1,385||3,332|
|6Other income, lettings/trading|||28,657|||||101|28,758|22,349||
|9 Internal<br>organisations|||||2,312||||2,312||1,495|
|1oTotal Incoming Resources|||86,196||2,827|||328|89,351||75,457|
|Resources Expended||||||||||||
|11Salaries and associated costs||||5,200|||||5,200||5,200|
|12Circuit Assessment|||45,724||||||45,724||46,180|
|13Expenditure<br>on Properly repair/maintenance||||4,343|||||4,343||7,947|
|14other expenses||||7,353|46||||7,399||5,466|
|15Insurance,<br>utilities etc|||15,102||||||15,102||11,823|
|16Internal<br>Organisations|||||2,505||||2,505||2,542|
|17Depreciation||||2,116|||||2,116||2,473|
|16Provisions||||||||||||
|19Benevolence||||2,350|||||2,350||400|
|20 Ecumenical<br>and New Communities||||||||||||
|21 Training||||||||||||
|22 Professional fees||||||||||||
|23Total Resources Expended||||82,188|2,551||||84,739||82,031|
|24 Net Incoming Resources||||4,008|276|||328|4,612||-6,574|
|25Transfers<br>between funds||||||||||||
|26Sub Total||||4,008|276|||328|4,612||-6,574|
|27Gains/losses<br>-Revalue invest Property||||||||||300,400||
|26Net investment<br>in funds||||||||328||297,426||
|29Total funds brought forward|from last year||2,669,499||81,237||49|17,820|2,768,605|2,471,179||
|30 Total funds carried forward at end of<br>year|||2,673,507||81,513||49|18,148|2,773,217|2,768,605||
|For information<br>only:|Money received||and|passed on to External Organisations||||||||
|Balance brought forward from last year<br>Offerings/Gifts<br>-received for External Organisations<br>Offerings/Gifts<br>-passed to External Organisations|||||||||7,435<br>7,435||3,085<br>3,085|
|Balance still to be paid||||||||||||





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||||||Walkden|Methodist|Methodist|Church||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|4.<br>Donations||||Unrestricted|Restricted||**2023** **T** **tal**<br>o||2022 Total|||
|(SOFA 2)||||||||||||
|Collections L gift Day||||36,123||||36,123|37,820|||
|Tax credits- gift||aid||9,485||||9,485||5,858||
|Total||||45,608||||45,608|43,678|||
|5. Charitable|activities|||Unrestricted|Restricted|||2023<br>Total||2022<br>Total||
|(SOFA 7)||||||||||||
|Fun raising income||||||||||||
|Fund raising -general funds||||1,385||||1,385||3,332||
|Fund raising -designated||||||||||||
|Total||||1,385||||1,385||3332||
|6.Other Income &Trading<br>(SOFA 8)||||Unrestricted|Restricted||2023Total||2022 Total<br>f|||
|letting s||||24,784||||24,784|20,343|||
|cards, fair trade,||books etc||2,669||||2,669||148||
|other income||||1,204||||1,204||1,743||
|other income desi|||nated|101||||101||115||
|Total||||28,758||||28,758|22,349|||
|7. Investment||income||Unrestricted|Restricted||2023Tot<br>I||2022 Tot||I|
|(SOFA 3)||||||||||||
|Interest:||||||||||||
|Central Finance||Board 1||692||||692||68||
|CFB2 - designated||||227||||227||27||
|TMCP||||4,749||515||5,264||690||
|Total||||5,668||515||6,183||785||
|8. Other||||Unrestricted|Restricted||2Q23 Total||2Q|||
|SOFA 9)||||||||||||
|Luncheon<br>club|||||2312|||2312||1,495||
|Total|||||2312|||2312||1,495||
|Donations(SOFA||4)|||||2023Total||2022|Total||
|Donations-<br>General|||funds|5,105||||5,105||3,818||
|Donations- desi||nated funds||||||||||
|Total||||5,105||||5,105||3,818||
|TOT INCOME SOFA|||2023|86,524|2,827|||f89,351|f75,457|||





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|Carrying<br>(market) value at beginning<br>ofyear|300,000|271,000|
|---|---|---|
|Add: additions to investments<br>at cost||29,000|
|Less: disposals at carrying value|||
|Net gain on revaluation||29,000|
|Carrying<br>(market) value at end ofyear|300,000|300,000|





|Debtors and prepayments|
|---|
|Pre paid assessments|
|Accrued<br>income|
|Other debtors|
|Total debtors and prepayments|
|Analysis ofcash at bank|
|Bank balance held in The Royal Bank Of Scotland|
|Bank balance held in The Royal Bank OfScotland|
|Bank balance held in (Name of bank)|
|Total Cash and Bank|





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|Trade|Creditors|
|---|---|
|Other|Creditors|
|Total|Current<br>Liabilities|




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|Loans|||||||||
|---|---|---|---|---|---|---|---|---|
|Source|Amount|brought|New|Loan|interest|Repayable|in|Balance at|
||forward||borrowings||f|the year|f|year end|
|||f|f|||||f|



|Repayment|due|
|---|---|
|Due within|12months|
|Due after more than 12months||





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|Unrestricted|Funds||||||||
|---|---|---|---|---|---|---|---|---|
|Fund Name|||Opening|Income|Expenditure|Transfers|Revaluation|Closing Balance|
||||Balance||||gains/losses||
|Unrestricted|Funds||2,687,319|86,524|-82,188|||2,691,655|
|||Totals|2,687,319|86,524|-82,188|||2,691,655|



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|Fund Name||||Opening|Income|Expenditure|Transfers|Revaluation|Closing Balance|
|---|---|---|---|---|---|---|---|---|---|
|||||Balance||||gains/losses||
|Redevelopment|Fund|||15,489|497|-44|||15,942|
|Sale Of Recreation||Ground||35,748|||||35,748|
|Bequest||||26,607|||||26,607|
|ELM Rushton Bequest||||197|||||197|
|EWolstenholme|Bequest|||552|18||||568|
|Luncheon<br>Club||||1,748|2,312|-1,609|||2,451|
|After Hours||||896||-896||||
||||Totals|81,237|2,827|-2,551|||81,513|



|Endowment|Funds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Restricted|Fund Name||Opening||Income|Expenditure|Transfers|Revaluation|Closing Balance||
||||Balance|||||gains/losses|||
|E5 M Rushton||||49||||||49|
|||Totals||||||||49|





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