¢harlty Reglstratlon No. 1132237
THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
c? xeinadin
auditing

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev. P A BilL%borrow
I C White
Mrs V Ma>trs
G Parkes
Mrs S Graham
D J Pickles
Rev P Hancock
Rev T P Ssmtns
Rev H R Kirk
Rev R Hilton
Rev K Stephens
Revy Pearson
IAppointed I September 20211
IAppointed I Septernber 20211
IAppointed I Septernber 20211
Charlty number
1132237
Prlnelpal address
Methodist District Office
Bishop's Wood
Nantwiclj
Cheshire
CW5 7QD
Audltor
Xeinadin Audit ￿MIted
2 Hilliarils Court
Chester Business Park
Chester
Cheshire
CH49QP
Bankers
Uffjs Bank plc
8 Foregate Street
Chester
Cheshire
CHI IXP
Methodist Chapel Aid Ltd
l Te￿Ord Terrace
Albemiarle Road
York
Y024 IDQ
The Trustees for Methodist Church Purposes
Central Buildings
Oldham Street
Manehester
Ml IJQ
Cenlral Finance Boaril of the Methodist Church
9 Bonhill Street
London
EC2A 4PE

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
CONTENTS
Page
Trustees, report
Statement of tru5tees' re5ponsibilrties
Independent auditorfs report
Statement of finaneial activities
Balance sheet
Statement of cash flows
li
Notes to the financial statements
12-25

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their rerM)rt and financial ststements for the year ended 31 August 2022.
The financial statements have been prepared in accordance w¢th the accounting policies set out in note I to the
financial statements and comply wtth the charttls governing document. the Charities Act 2011 and -Accounting and
Reporting by Charities.. Ststement of Recommended Practice applicable to charthes preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las
amended for accounting periods ¢omrnencing from l January 20161.
Oblectlves and activiti85
During the year Ihe District has continued to reeogntse its declare(I priortbe5 Of-
Promotingthe Christian worship of God ty making worship attractive. relevant and incluswe.
Making mission a real engagement of kingdom Ydlue5 and living faith with society.
Maintaining our status as a Fairtrade District working to overcome Critical ty)verty and prornoting
environmental care.
Encouraging a culture of continuous leaming. promoting growth in social and personal holiness.
Fostering effective pastoral systems avhd upholding gocKI practice in Safeguarding.
Fleviewing District systems an<J structure5 to liberate people for involvement in Church and community-
Helping chufches and circuits to think collaboratively. avoiding institutional waste.
Working c105ety with other denominations.
Developing good relationships with other worlrt farths wtthout compromigingthe Christian gospel.
Be prayerful in all things hoklingto Chrislkqn hope in a secular climate.
io.
The tiustee5 have paid due regard to guidance issued tty the Charity Commission in deciding what acth"vities the charity
should undertake.
Regularty reviewed the work of Safeguarding practices in the Distri¢t under the gusdance of the District
Safeguarding Olficer.
Imaginatively used resources fTom wtthin the Disin¢t to provide leadership and support when there are gaps in
the stationing of ministers.
Through the watchful eye of Ihe Dislrict Treasurer. maintaineil a close control on the District's finances and
developed a reserves policy.
Continued to scrutinise all property schemes nee(ling approval on behalf of the Connexion ensuringthat money is
invested in areas of potenlial grovrth and the responsible maintenance of Methodist property.
Encouraged the review of meaningful mission polieies for ¢hurches and circuits.
Reviewed church and circuit finances to identify where there are shortfalts or excesses in amounts held in
reserve. Returns are examine(J and commented on as received.
Ctsntinued to live out Ihe Distsict Di%iple5hip and Mission PoliLy
Sharing of resources ol people ènd skilL8 acTOSS Circuits to enhance mission.
Encouraged with resour￿ and finance the mission worfK undertaken by the Meth￿lIst Book Centre in Hanley.
Ensured that all staff employed within the Districl are paid the Living Wage.
Participated in developing new fortns of church and pioneering ministries includingthe Immerse Community.
Scrutinised the pastoral care for memi)ers of churches who have completed their tnission and needed to c105e.
Received grant applications from churches, circuits etc. and committed to the making of grants where the criteria
were met and prospeets en¢ouraging. The Distrtct Grants Officer monitore(I the progress of the various ministry
and outreach projects which had been financially supported.
Received updates from the District representstive to the Methodist Council.
Gave permission to cease worship following completion ol witness.
Encouraged candidates for the presbyteral and diaconal ministry.
Provided education, training and reflection for those already in ministry appointments in the Distriet on diffennE
topics and including a residential retreat
Engaged in the Methodist Heritage work within the District by supporting through people and finance the
research and outreach work undertaken by the Englesea Brook Chapel and Museum.
Developed new proposals for the increase in the number of vital congregations including the planting of new
Churches.
Encouraged by the Chair of Ihe District to wve direclion to Leadership developmenL recognise cultural Change.
enable discipleship. the shortage of presbyters. the morale and well-being of Ministers and lay preachers and
also consider the pr￿eSS lor churches coming to the en¢J ot their mission.

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Provided education. training and reflection for those already in ministry appointments in the District on
differingtopics and including a residential retreat.
Engaged in the Methodist Heritage woik within the District by supporting through people and finance the
research and outreach work undertaken ty the Englesea Bri)ok Chapel and Museum.
Developed new proposals for the increase in the number of yitsl congregations including the planting of new
churches.
Encouraged by the Chair of the Dbstrict to gve direetson to Leadership development. recognise cultural
change, enable discipleship. the shortage of presbyters. the morale and well-being of Ministers and lay
preachers and also consiLler ihe process for churches comingto the end of their mission.
The results for the year are shown in the Staternent of Financial Activtiies. Ineome for the year was £1.149.285- down
from £1,586,408 in 2021. Expenditure for the year increased from £988,973 to £1,101,288 resulting in net income
for ihe year of £16.755. During the year an unrecognised loss on rewdluation of investments of £31.242 occurred.
This leave5 total funds at 31 August 2022 of £1.803.356 of which £1.356.471 are restrtcted.
Reserves r¥)li¢y
The District maintains appropriate reseryes in order to have fund5 wailable for=
a. Any significant property costs that are likety lo arise-
b. The payment of grants authorised for Methodist an¢J associated organisations-
c. The provision ol adeouate working capital.
The consolidated Distn¢t accounts include a variety ol activities. which each has differing reserve requirements,
summarised as follows..
The Methodist Book Cent
Cover lor a reduction In trading conditions-
Funds lor refurbishment of premises lincreasing annualtyl.
Engiesea Brook Chapel and Museum
- Six months of revenue expenditure-
- Premises maintenance reserve-
Future projects reserve..
Exceptional expenditure and other requirements.
District Advance Fund
- Maintenance of an available balance equiwdlent to all u)mmitted grants. representingat least 90% of the
reserve,.
- Emergency stand by.
District General Account
- Three months revenue expenditure Ifor the payment of salaries. stipends. expenses. Distri¢t manse and office
¢ostsl.
District Education and Youth
- As most expenditure takes the form of small orants for youth and children's work- six months of annual funding
to cover grants early in the Connexional year.
Risk rnanagement
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance againstfraud and error.
Plans for the future
Further work will be done to develop and enactthe District Mission Plan. Attention will be given to a scenario where the
deman¢Js upon churches (including leyjslative dernandsl (x)ntinue to increase against a backdrop of the increasing age
and diminishing number of lay volunteers and the number of ordained ministers.

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
structure, governance and rnanagement
Governingdocument
The governing body of the Chester and Stoke on Trent District is the Annual Conference of the Methodist Church. The
Deed of Union 1932 and the Meiho¢Yist Church Act 1976 gNe the authority under which the Methodist Church acts.
The Constitutional Pra¢ti¢e and Discipline of the Methodist Church governs the activities of the District.
The Methodist Church is no longer excempted from the need to re&ster as a charity and on 21 October 2009 the
District reostered as È separate charity under the Charitses Act 2006 and was allocated the registratson number
1132237.
The trustees who served duringthe year and up to the date of signature of the financial ststements were:
Rev. P A Billsborrow
Mrs H Staniland
I C White
Rev. L Catlow
Mrs V Mayers
G Parkes
Mrs S Graham
D J Pickles
Rev P Hanc(Kk
Rev T P Simms
Rev H R Kirk
8 R Barber
S Best
Rev R Hilton
Rev K Stephens
Rev Y Pearson
(Resigned 31 August 20221
(Resigned 31 August 20221
(Resigned 31 August 20221
(Resigned l November 20211
(Appointed I September 20211
(Appointed I Septetnber 20211
(Appointed I September 20211
Appointment of tru5tee5
The appointment of trustees is made at Synod by a formal vote ofthe Members of Synod.
Audttor
In accordance With the eompanls articles. a resolution proposing thatxeinadin Audti Limsted be reappointed as
auditor of the company will be put at a Gerheral Meetin&
Dl$c105ur¢ of Informatlon to audltor
Each of the trustees has confirme¢ that there is no infomation of which they are aware which is relevant to the audit,
but of which the auditor is unaware. They have further confirmed that they have tsken appropriate steps to identify
such relevant information an¢J to establish that the auditor is aware of such information.
The trustees, report was approved by the Board of Truslees.
J C Whlte
Synod Secretary
Dated.. 23 July 2024

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees are reswnsible for preparing the Tru5tees' ReKKJrt and the financial statements tn accordance wfth
applicable law and United Kingdom A¢¢ounting Standar¢Js (Llnited Kingdom Generally Accepted Accounting Practicel.
The law applicable to charities in England and Wales. the Charilies Acr 2011. the Charity (Accounts and Reports)
Regulations 2008 and the provisions of the govering document requires the Irustees tts prepare financial statements for
each finèncial year which @ve a true and fair view of the state of affai[5 of the charity and of the incoming resources and
application of resources, including the income and expendtture. of the Charity for thal year.
In preparing these financial ststements. the trustees are required to..
- select suitable accounting policies and then appty them consislenttr.
- observe the methods and principles in the Charities SORP-
- make judgements and estimates that are reasonable and prudenL
- staTr whether applicable èceounting stsnoards have been followed. subje¢t to any material departures disclosed and
explained in the financial statements.. and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will
continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any titne
the financial position of the charrty and enable them to ensure that the financial ststements ¢otnply wrth the Charities Act
2011, the Charity (Accounts and Reports) Regulations 2008 and the piovision5 01 the govering documenL They are also
responsible for safeguarding rhe assets of the ¢hartty and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE MEfHODIST CHURCH
Oplnlon
We have audited the financial statements of The Methodisi Church (the 'charity'l for the year ended 31 August 2022
which comprise the statement of financial activitTes. the balance sheet. the ststement of cash flows and notes to the
financial 5taternents, Including signrficant accounting policie5. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom A(xounting Standards, inclu¢Jing Financial Reporting Standard
102 The Financial Reporting standard applicable in Ihe UK anrj Republlc of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial statements=
give a trve and fair view of the state of the ¢harity's affairs as at 31 August 2022 and of its incoming resources and
application of resources, for the year then ended:
have been properly prepared in accoroance wrth United Kingdom GeneraltyAc¢epted Accounting Practice., and
have been prepared in accordanee with the requirements of the Charilies Act 2011.
Basls for oplnlon
We wnducted our audit in accordanee with International Standarijs on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the AUdit0￿S responsibilities ftrr the audit of the financial
statements section of our reporL We are tndependent of rhe cttarrty in accordanoe wtth the ethical requirements that are
relevant to our audit of the financial statemeat5 in Ihe UK. including the FRC'S Ethical Standard, and we have fulfilled our
other ethieal responsibilitie5 in accordan￿ with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to proviije a basis for our opinion.
Concluslons relallngto going concern
In auditing the financial statements. we have conclude(S that the truslees, Ltse of the going Concern basis of accounting in
the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties reLating to events or conditions
that. individualty or collectivety. may cast significant doubt on the charity'5 ability to continue as a going concern for a
period of at least twelve months from when the financial stalements are authorised for issue.
Our responsibilities and the respon5ibilttyes of the trvstees with respect to going con¢em are describecj in the relevant
seetions of this reporL
other Inforrnatlon
The other information comprise5 the information included in the annual report other than the financial statements and
our au¢Jitor's report thereon. The trustees are responsible for the other infortnation Contained wrthin the annual report.
Qur opinion on the financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon. Our responsibility is to read the other informalion and. in doing so, consider whether the
other Information is materially inconsistent ￿th the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materialty rnisstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether thi5 &ves rise to a material mi$5tateFnent in the financial
ststements them5efves. Ir. based on the work we have ￿rformed. we conclude that there is a material misstatement of
this other information. we are ￿qUired to report that facL
We have nothing to report in this regard.
Matters on whlch wg are requlred to report by exceptlon
We have nothing to report in respect of the following matters in iektion to which the Charities (Accounts and Rewrtsl
Regulations 2008 requ1re us to report tr) you rf, in our opinion..
the information ￿"Ven in the financial stsiements is inconsistent in any material respect with the trustees. report- or
sufficient accounting records have not been kept- or
the financial staternents are not in agreemefit with the accounting records.. or
we have not received all the information and explanations we require for our audit.

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE METHODIST CHURCH
Re$pon$lbllltl85 of trustees
As explained more fully in the statement ol trLtstees' responsibilttie& the truslee5 are responsible for the preparation of
the financial ststements and for being satisfied that they give a true and fair view. and for such internal control as the
trustees determine is necessary to enable the preparation of flnancial statements that are free frotn material
mi￿tateMent whether due to fraud or error. In preparing the financial statements. the trustees are responsible for
assessing the charity's ability to continue as a going concem, d4sclosin& as applicable. matters related to going concern
and usingthe going concern basis of accounting unless the trustees either intend to ￿ase operation5, or have no realistic
alternative but to do so.
Audltovs re$pon$lbllltles for the audlt of the flnan¢lal statements
We have been appointed as audrtor under section 144 of the Charr(ies Act 2011 and report in accordance wtih the Act
and relevant regulations made or having effect thereunder.
Our oblectives are to obtain reasonable assurance about whether the financial slatement5 as a whole are free from
material misststement. whether due to fraud 01 error. and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bLrt is not a guarantee that an audit conducted in a¢cordance with
ISAS IUKI will always detect a material misslatement when it exBts. Misststements ean arise from fraud or error an(J are
considered material if, individually or the aggregate. they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
The extentto whieh our procedures are capable of detecting irregularities, including fraud, is dètailed below.
Enquiries of management and those charged with govemance held in order to identify any laws and regulations that
could be expected lo have a rnaterrdl impact on Ihe financial strtements. Through0￿ the audit. the team were updated
with the outcomes of these enquiries including consideration as to where and how fraud may occur in the company.
The audit proce¢Jures undertaken to address any potential risk in relation tts irregularities (which include fraud and non-
compliance with laws and regulations) included= enquiries of management an￿ those charged with governance on how
the cotnpany complies with relevant laws. regulations and any cases of actual or potential litigation or elaims.. examination
of appropriate legal correspondence,. testing of journal entries for Èppropriateness.. and analytical procedures on account
balance5 to identify variances against expectation which may show indications of fraud.
No inst8nces of material non￿oMplI8nce were identilied. although the prospect of detecting irregularities. in¢luding fraud,
is inherently difficult. This is due to-. difficulty in detecting Irregularitie5- limits itnp05ed by the effectiveness ol the entity's
controls- and the nature. timing and extenl of the audti proceduie5 performed. Irregularities as a result of fraud are
inherently more difficult to detect than those that resuMng from error. Despite the audit being planned and performed in
accordance with ISAS IUKI, there is an unavoidable risk that material misststements may not be detected.
A further desoription of our resptsnsibilities is available on the Financial Reporting Council's website at.. https.'//
www.frc.or&uVauditorsresponsibilities. This description forms part of our auditt>rfs rèrK)rL
other matters
Your attention is drawn to the tsct that the chartty has prepared financial statements in accordan￿ with 'Accounting and
Reporting by Charitie5'. Ststement of ReGommended Practice applicable to charib'es preparing their aceounts in
accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amendedl
in preference to the Accounting and Reporting by Charities.. Staletnent ol Recommended Practice issued on l April 2005
whlch is referreé to in the extant regulations but has now been wrthdrawn.
This has been done in order for the financial statsments to kwovide a true and tsir view in accordance with current
Generally Accepted Accounting Practice.
Use of our report
This report is tnade solely to the charity's trustees. as a body. in accordance with part 4 of the Charities (Accounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those
matters we are reouired to state to them in an auditorfs report and for ng Other purpose. To the fullest extent permitted by
law, we do not accepi or assume responsibility to anyone other than the charity and the charity's trustees as a body, for
our audit work, for this report. or for the opinions we have formed.

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
INDEPENDENT AUDITOR'S REPORT (coKfiNUED)
TO THE TRUSTEES OF THE MEfHODIST CHURCH
Alastalr Jeffcott
Isenlor Statutory Audltorl
for and on behalf of Xelnadln Audll Llrnlt¢d
23 July 2024
Charteied Ae¢ountants
Statutory Audltoi
2 Hilliards Court
Chester 8L¢5iness Park
Chester
Cheshire
CH4 9QP
Xeinadin Audit Limited is eligble for appointment as auditor of the chaiity by virtue of its eliobility for appointment as
uditor of 8 company under section 1212 of the Companies A¢t 2(X)6.

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Current flnanclal year
Unrestrf¢ted Unrestrl¢ted
funds
funds
general designated
2022
2022
Re$til¢ted
tunds
Total
2022
2022
Income and endowments fwom-
Donations and legacies
Investments
Other income
728.655
385
19.918
359,870
40.457
1.088,525
40.842
19,918
Total Income
748.958
400.327
1,149,285
Expendlture on:
RaisiFig funds
2,369
2,369
Charitable activities
844,916
254,003
1.098,919
Total resource5 expended
844.916
256.372
1.101,288
Net gains/llossesl on investments
13
131.2421
131.2421
Net loutgolngVln¢omlng resources befNe transfers
195.9581
112.713
16,755
Gross transfers between funds
42.0(X)
20.¢Y)O
162,0001
Nèt movement in funds
153.9581
20.000
50.713
16.755
Fund balanees at I September 2021
412.064
68.779
1.305,758
1,786.601
Fund balances at 31 August 2022
358.106
88.779
L356,471 1,803.356
The statement of finarn¢ial activities includes all gains and losses recognised in the year.
All income and expenditure is derive from continuingactivities.

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST2022
Prlor flnancSal year
Unrestrocted Unre5trlcted
funds
funds
general d￿Ignated
2021
2021
Restrlcted
funds
Totsl
2021
2021
Notes
ome and endowments from.
Donations and legacies
Investments
Other Income
819.152
283
51.245
684,515
25.280
5.933
1.503.667
25,563
57,178
Totsl Incorne
870.680
715.728 1,586,408
Ex
endlture on:
Raising funds
577
577
ChaTitable activities
781.796
206.600
988,396
Total resou￿¢$ expended
781.796
207,177
988.973
Net gains/llossesl on investsllents
52,070
52,070
Net loutgolngvlncornlng resources before
transfers
560,621
649,505
Gross transfers between funds
120.0001
20,000
Net mtsvÈm•nt In funds
20,000
560,621
649,505
Fund balances at I September 2021
343.180
48.779
745,137
1,137,096
Fund balances at 31 August 2022
412,064
68.779
1,305,758
1.786.601
The statement of financial activities includes all gains and losses rewtsed in Ihe year.
All income and expenditure is derive from continuing activtties.

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
BALANCE SHEEr
AS AT31 AUGUST2022
2022
2021
a5 restated
Notes
FIx8d assets
Tangible assets
Investments
517,912
439.066
518,348
470.309
956,978
988.657
Current assets
Stocks
Debtors
Cash at bank and in hand
17
18
54,050
6,356
795.610
64.819
4.746
734,435
856.016
804,000
CrgdltQfs: amourrts falllng due wlthln one
yaar
19
9.638
6.056
Net current 8ssets
846,378
797,944
Tolal agsets less current Ilabllltles
1,803.356
1,786,601
The funds of the ¢harSty
Restricted income funds
Unrestricted funds- general
Unrestricted funds- designated
1.356.471
358.106
88,779
1.305.758
412,084
68.779
22
1,803,356
1,786,601
The financial 5tstements were approve(I by the trustees on 23 July 2024
I C White
Trustee
10-

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Notes
Cash flows from operatlng a¢tlvStles
Cash generated fiorn operation5
29
20.447
570,291
Investlng a¢tlvltles
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment in¢ome received
(1141
1475,1001
56.861
25,563
40.842
Net cash generated from/{used inl investing
actlvltles
40.728
1392.6761
Net cash used In flnanclng actlvltles
Net Increase In ¢a8h and cash equlvalents
6L175
177,615
Cash and cash eouivalents at beonning of year
734,435
556,820
Cash and cash equfvalents at end of y￿r
795,610
734,435
11

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accountlng poll¢les
CharSty Informatlon
The Methodist Chuich is a charsty ￿0stered in England and Wales.
1.1 Accountlng conventlon
The financial statements have been prepare(l in accordan￿ with the Charities Act 2011 and -Accounting and
Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accounts in
aceordance wbth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" las
amended for accounting periods comrnencing frotn l January 20161. The charity is a Public Benefit Entrty as
defined by FRS 102.
The financial stsiements have ¢Jeparted from the Charitie5 (Accounts and Reports) Regulations 2008 only to the
extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for chartbes applying FRS 102 rather than the version of the Statement of Recommendeo
Praclice which is referred to rn the Regulations but which has Sin￿ been withdrawn.
The financial statsments are prepared in sterling whtch is the functional currency of the charity. Monetary amounts
in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention. The principal accounting policies
adopted are set out below.
1.2 Golng ¢On￿rn
At the time of approving the financial statements. the trustee5 have a reasonable expectation that the charity has
adeouate resources to continue in operational ex5tente for the foreseeat*le future. Thu5 the trustees Continue to
adopt the going coneem basis of accouniing in preparing the financial ststements.
la Charltable funds
Unrestricted funds are a¥8ilable for use at the discretion of the trustees in further8nce of their charitable objectives.
Restricled funds ère subjeci to specific conijrtions by donors or grantors as tr) how they may be used. The purposes
and uses of the restricted funds are set oul Èn the notes tg the ftnhncial statements.
1.4 Income
Income is recognised when the charity ss legalty entitled to it after any performance cond￿0￿5 have been met, the
amounts can be measured reliabty, and it is probable that income will be received.
Cash donaiions are recognTsed on receipt Other donations are Tecognised once the charity has been notified of the
donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to
donations received under Gift Aid or deeds of covenant Is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise rf the chaiity has been notified of an impending distribution, the
atnount is known, and receipt is expected. If the amount is nol known. Ihe lega¢y Is treated as a contingent asseL
l.S Expendtture
Liab￿litieS are Tecognised as expenditure as soon as there is a legal or constructive obligation committingthe charity
to that expenditure. it is probable that a transfer ol econornic benefits will be required in settlernent and the
amount of the obligation can be measured reliabty. Expenditure is accountsd for on an accruals ba51s and has been
classified under headings that aggregate all cost felated to the category. Where costs cannot be directly attribute
to particular headings they have been allocated to activities on a basis consistent with the use of resource5.
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.
12-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
oyntlng polS¢les
Icontlnuedl
L6 Tangjble Ilxed assets
Tangible fixed assets are inr(ialty measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairment Ic6se
Deprecialon is recognised so 8s to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold property
Leasehold improvements
Fixtures and fittings
Computer equipment
in aC￿rdance Mth the property
33.33% on cost
15% on reducing balance
15% on reducing balance
The gain or loss arising on the dsposal of an asset is determined as the difference between the sale proceeds and
Ihe carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed 855et Investments
Fixed asset investments are intbalty measured 81 transaction price exeluding transaction costs. and are
subsequently measured at fair value at ea¢h repO￿ng date. Changes in tsir value are recoEnised In net income/
lexpenditurel ft>r the year. Transaction costs are e¥pensed as incurred.
1.8 Impalrment of Ilxed assets
At each retx)rting end date. the charity reviews the carrying arnounts of its tsn&ble assets to determine whether
there is any indication thal those assets have suffered an impairmenl loss. If any such indication exists. the
recoverable amount of the asset Is estimated in orderlo determine the extsnt of the impairment loss lif any).
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less eosts to ¢omplete and sell. C(Ist comprises
direct matenals and. where applicable. direct labour costs and those overheads that have been incurred in bringing
the stocks to their present location and con¢Jition. Items held for distribution at no or nominal consideration are
measured the lowei of repla￿ment cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in
marketin& selling and distribution.
1.10 Cash and cash equfvalents
Cash and cash equivalents include cash in hand. deposits held at call with bank& other short-tem) Ilquid
investments with original maturilies of three months or less. and bank (werdrafts. Bank overdrafts are shown within
borrowings in current liabiltiies.
1.11 Flnan¢lal Instruments
The charity h8s elected to appty the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Fin2neial Instruments &sues' of FRS 102 10 all of lis financial instruments.
Financial instruments are recognised in the charWs baL4nce sheet when the charity becomes party to the
contractual PTOViSiOnS of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial ststements. when there is
a legalty enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liabilrty simulianeous￿.
13-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
A¢coun￿ng pollcles
Icontlnued)
Ba51c Ilnanclal assets
Basic financial assets. which include debtors and cash and bank balances. are initially measured at transaction
price including 1[an￿ctIOn costs and are subsequently carrie<l at amortised cost using the effective interest method
unlegs the arrangement constitutes a financing transaction. where the transaction is measured at the present
Value of the future receipt5 discounted at a market rate ol interest. Financial assets classified as receivable within
one year are not amortised.
Ba$le flnanelal Ilablllues
Basic financial li8bilities. including creditors and bank loans are initially recognised at transaction price unless the
aTrangement constitutes a financing transaction. where the debt instrument is measured at the present value of
the future payments discounted at a market rate of interesL Financral liabilities classified as payable within one
year are not amortised.
Debt instruments are subsequently carried at amortised cost. usingthe effective interest rate method.
Trade creditors are ob5igations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classifved as current liabilities if payment is due within one year or
less. If not, they are presented as non<urrent liabilities. Trade creoitors are recognised initially at transacbon price
and subsequently measured at amortised cost using the effective interest method.
DeAecognltloft of flftanelal Ilabllltles
Financial liabilities are derecogrkiseil when the char￿'s contractual obligations expire or are discharged or
cancelled.
1.12 Employee ben¢fits
The cost of any unused holiday entitlement i5 recognised in the peri￿1 in which the employee's services are
received.
Tertnination benefits are recognwd tmmediately a5 an expense when the Char￿ is demonstraiily committed to
terminate the employment of an employee or to provtde temination benefrts.
1.13 Retlrement beneflts
Payments to defined contribution ￿tirement benefit schemes are charged as an expense as theyfall due.
CrltlrAI a¢¢ountlng estlmatss and ludgernents
In the application of the charrty's accounting poli¢ies. the trU￿ee$ are required to make judgements, estimates and
assumptions about the carrying amount of assets ano liabilrties that are not readily apparent from other SOUTces.
The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ frtsm these estimates.
The estimates and undèrtying assumptions are reviewed on an ongoing basis. Rewsions to accounting estimates
are recognise(S in the period in which the estimate is revised where the revision affects only that period, or in the
period of the revision and future periods where the revision affects both current and future periods.
14-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Donatlons and 18gacl85
2022
2021
Circuit contribLktions ￿￿1ved
C A P F new levies
Assessments from Circuts
Beacon Chrtstian Fellowship grants and donations
Sundry income
Oiher grants received
Museum receipts and book sales
Book Centre sales
Galley Centre income
74,608
176.297
538.611
11,070
83,088
110.060
26.986
66,025
1,780
54.779
132,786
518.372
11,093
461.717
237.501
15,715
71,704
1.088.525
1,503,667
Income from Investments
Unre5trlcted Rgstrlcted
funds
lunds
2022
2022
Total UnrestTlcted Re5trlcted
funds
funds
2021
2021
Total
2022
2021
Ineome from listeil
investments
Other income
Interest reeeivable
10.960
27.200
2.297
10.960
27.200
2.682
4,770
18,937
1,573
4.770
18,937
1,856
385
283
385
40.457
40.842
283
25.280
25,563
othgr In¢ome
Unrestrlcted Restrlrted
funds
funts
2022
2022
Total Unrestrlcted Restricted
funds
funds
2021
2021
Total
2022
2021
Coronavirusjob retention
scherne
Coronavrius support grant
12,775
7.143
12.775
7,143
14.888
36,357
5,933
20,821
36,357
19.918
19,918
51.245
5,933
57,178
15-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Expendltur¢ on ralslng fund$
Restrlcted
funds
2022
Restilcted
funds
2021
Investment management costs
Support costs
2.369
577
Charttable actlvltles
2022
2021
Wages
The Beacon C.F. resour¢es
Costs relating to Book Centre sales
Costs relating to museum receipts and book sales
Safeguarding
Children and Youth work supp)rt
Book Centre employee c95ts
Galley Centre expenditUTe
Cheshire South team
115.998
9.222
59,918
3.223
33.889
75,606
14.076
47,537
2.550
27,947
1,588
60,211
58,896
4.432
11.547
11.415
297.125
240,930
Grants payable (see note 81
696.750
664,793
Support Costs (see note 91
Governance costs Isee note 91
103.266
1,778
79,919
2,754
1,098.919
988.396
Analytsls by fund
Unrestricted funds- general
Restricted funds
844,916
254.003
1.098.919
For the year ended 31 August 2021
Unrestricted funds- general
Restricted funds
781.796
206.600
988,396
16-

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Grants payable
2022
2021
Contribuiion to Methodist Churoh Fund
Churches 2nd Engiesea Brook Museum
554,050
142,700
557.373
107,420
696.750
664.793
Support costs
Support¢osts Governance
costs
2022
2021
Manag•ment
Manse expenes
General expenses
Office- operating costs
Travel expenses
Flnance
Bank Charges
Human resourees
Training and development
other
Depreciation
Othgr support ￿$ts
Rent and rates
Insurance
Repairs to property
12.819
32,747
12.819
32,747
3.369
47,480
2,838
1.488
592
592
1.373
1.373
1.364
8.002
8.002
1.500
550
550
626
L179
5,014
34.558
5,911
1,179
5,014
34,558
5,911
798
4.451
6,779
4,139
4,266
821
Professional lees
Equipment leasing
Governanc¢ cogts
Ecumenieal expenses
521
521
1.778
1.778
2,754
103.266
L778
105,044
82,673
Analysed between
Charitable activitie5
103.266
L778
105,044
82,673
10 Net rn0￿￿ent In tunds
2022
2021
The net movement in funds is Stated after Char￿n￿{CredIting).
Depreciation of owned tangible fixed assets
550
626
17

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Tntstees. remuneratlon and benellts
There were no trustees, remuneration or other benefits for the year ended 31 August 2022 nor the for the year
ended 31 August 2021.
Tn￿t¢￿'S ￿p¢n5$S
2022
2021
Trustees, expense5
12 Stafl ¢osts
Number of employees
The average monthly number of employees duringthe year was=
2022
Number
2021
Number
District Office
Eng1esea Brook Chapel & Museum
Methodist Book Centre
Irnrnerse
District Tearn
Staffordshire Moorlands Team
17
17
There were no employees whose annual remuneration £60.000 or more.
Galns and losses on Investments
Restrftted
funds
2022
Restrlcted
funds
2021
Gains/llossesl arising on=
Revaluation of investments
131,2421
52,070
14 Taxatlo
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
18-

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
15 Tanglble flxed assets
Freehokl
Leasehok1 Flxtwt$ and
flttlngs
Computer
eq¥lpment
Total
Cost
At I September 2021
Additions
510.796
89,562
22,991
114
8.410
631,759
114
At 31 August 2022
510.796
89,562
23.105
8.410
631.873
Depreclatlon and Impa[m￿rt
At I September 2021
Depreciation charged in the year
89.562
17.379
259
6,470
291
113,411
550
At 31 August 2022
89.562
17.638
6,761
113,961
Carrylng arnovnt
At 31 August 2022
510,796
5.467
1.649
517,912
At 31 August 2021
510.796
5.612
1,940
518,348
Property owned by the District comprises of cottages at Engjesea Brook and the District Manse at Wistaston,
Cheshire. Bemersley House, Gitana Street. Stoke-on-TrenL from where the activity of the Methodist Book Centre is
conducted. was sold during the prior year for a nominal amount and leased back to the Book Centre for ten years
on a peppercorn rent.
16 FIx8d asset Investments
Llsted
Inve5tment5
Cost or valuatlon
At I September 2021
Valuation changes
470,309
131,2431
At 31 August 2022
439,066
Carrylng amount
At 31 August 2022
439,066
At 31 August 2021
470,309
17 Stocks
2022
2021
Stocks
54,050
64,819
19-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Debtors
2022
2021
Amounts falllng due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued income
3,025
460
2,871
2.385
2,361
6.356
4,746
19 credIto￿ amounts falllng due wlthln one year
2022
2021
Other taxation and social security
Trade creditors
Accruals and deferred inoome
676
4.731
4.231
235
4.330
1,491
9,638
6.056
20 Retlrement benefit xhemes
2022
2021
Defined eontvlbutlon schemes
Charge to ststement of financial activities in respect of defined contsibution
schemes
32,747
47.480
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme
are held separately from those of the charity in an independentty adrninistered fund.
-20-

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
21 Restrl¢tsd fund9
The restricted funds of the charity compiise the unexpended balances of donations and grants held on trust subject
to specific conditions by donors as to how they may be used.
At I S¢ptember
2021
In¢omlng
resources
Resources
expended
Transfers
Galns and At 31August
losse$
2022
Benevolent Fund
District Ailvance
Fund
J Michael Eaton
Mernorial Fun
Englesea Chapel
and Museum
Fund
Education and
Youth Fund
Irnmerse.
Kidsgrove
District Priorities
Fund
921
1,230
292,114
262.291
1121,5331
122,0001
410.872
11,929
56
1341
11,951
460,436
97.731
128.4311
429,736
5.413
5,413
7.775
1,780
14,8721
4,683
527.170
38.160
IL5021
140.0001
131,2421
492,586
1,305,758
400.327
1256.372
162.0001
131,2421
1.356,471
Pr8vlou$ year. At I Septembei
2020
Ineomlng
Tesources
Resouws
expended
Transfers
Galns and At 31 August
losses
2021
Benevolent Fund
District Advance
Fund
J Michael Eaton
Memori81 Fund
Englesea Chapel
and Museum
Fund
Education and
Youth Fund
Immerse.
Kidsgrove
District Priorfties
Fun
696
225
921
276,332
188.652
1107.473}
165,3971
292.114
12.414
15251
11,929
445,610
5L711
191.8851
55,000
460,436
2.604
612
12.2001
4.397
5,413
7,481
294
7,775
475.IlJ)
52,070
527,170
745,137
716.340
1201,7891
16,OCX)I
52,070
1.305,758
21-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
21 R￿trIcted funds
Icontlnuedl
The restricted funds are asfollows=
Benevolent Fund
The fund provides M￿lest sums frorn donalions tg all¢)w the Chair to tneet cases ol petsonal need in a confidential
way.
District Advance Fun
Thi5 fund 15 set up under Methodist standing orders and is funded by a levy on the end of year balances of the
Circuit Model Trust Funds of the circuits within the District and by È distribution from the Connexional Priory Fund.
The fund is administered by the Resources Mission Commrttee who award grants in accordance with the fund policy
to support personnel or property projects relateLI to mission and minislry and to support ouireach, evangelism and
ecumenical work.
J Mlchael Eaton Memorial Fund
This is an estsblished fund to make contributions to I[￿21 projects at the discretion of the trustees.
En¥esea Chapel and Museum Fund
This fund supports the property and undertakings of Engiesea Brook Chapel and Museum.
Educatlon and Youth Fund
Thi5 fund supports Ihe promotion and undertakingof thildren's Events and Youth Work support within the Disvict.
Immerse, Kidsgrove
Thi5 fund supported a Community based at The Galley in Kidsgrove, Stsflordshire until l August 2020. The
Cotnmunity is currently lookingfor altemative accomodation.
District Prioritses Fund
Th￿ fund is formed by the release of the W G Barratt Memorial monies to the District ty the Connexional Team of
the Methodist Church as restricted funds but free from any requirements of the 8airatt Trust. The District ha5
resolved to use these funds to support the Distrirt Priorilles. The funds are managed by the DPC under the
guidance of the District Leadership Team.
22 Unro5trl¢tsd funds- de51gnated
These are unrestricted funds which a￿ material to the charitys activrties.
At I September
2021
Transfers At 31 August
2022
The Methodist Book Centre (from 8emersley House)
68.779
20,000
88.779
Prevlous year:
At I S¢ptemb¢r
2020
TranstÈrs At 31 August
2021
The Methodist B(KJk Centfe Ifrom Bemersley House)
48,779
20,000
68.779

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
Unrestrlctsd funds- deslgnated
(Contlnued)
The designated lun¢J is held for the use of The Methodisl Book Centre. as approved by the District Policy Committee.
The Methodist Book Centre fund represents cash originally held in the Bemersley House bank account and
transferred to the General Fund bank account following the sale of the property. At 31 August 2022 £88,779
12021.. £68.7791 was held and earmarked for refurbi%hment of the Book Centre.
23 Unrestrl¢ted funds
The unrestricted funds ol the charity comprise the unexpended balances of donations and grants which are n(rt
subject to specrfic condiiions by donors and grantors as to how they may be used. These include designated funds
which have been Set aside out of unrestricted funds by the trustees for specific purposes.
At I SeptembÈr
2021
Incomlng
re50urc85
Resources
expended
Transfers At 31 August
2022
General funds
412.064
748.958
1844.9161
42.000
358.106
Provlous year.
At I September
2020
Incomlng
resourtes
Resources
¢xpgnded
Transfers At 31 August
2021
General funds
343.180
870.680
178L7961
120,0001
412,064
24 Analysls ol net assets bÈtweÈTr funds
Unrestrfcted Unrestrlcted
funds
funds
de51gnated
2022
Restrlcted
funds
Total
general
2022
2022
2022
At 31 August 2022:
Tangible assets
Investments
Current assets/iiiabilitiesl
192,505
325,407
439,066
591.998
517,912
439,066
846.378
165.601
88,779
358.106
88.779
1,356.471
1,803,356
Unrestrlcted Unrestrlcted
ds
funds
g¢neral
deslgnated
2021
2021
R￿trIcted
funds
Total
2021
2021
At 31 August 202L'
Tangible assets
Investments
Current asselsllliabilrtiesl
192.941
325,407
470,309
510,042
518,348
470.309
797,944
219,123
68.779
412.064
68,779
1.305,758
1,786.601
-23-

THE MEfHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
25 Flnanclal ¢ornrnltments, guarantees and contlngent Ilabllltle5
The District Advance FLJnd tnade Ministry grant payments of £146,7(X) and Projecr grant payments of £nil in the
year ended 31 August 2022, and had conts"nuing commitments to make payments in succeeding years as follows..
Wtlhin one year
Within 2 to 5 years
£173.422
£36.244
Total outstsnding Commitments made by the District Advance Fund as at 31 August 2022 were £209.645.
Unallocated reserves in the Fund as at 31 August 2022 were £201.227.
26 Related partyIfab￿C￿￿5
There were no Oisclosable relateil party transactions during the year ended 31 August 2022.
27 Collec￿On of l)ookg
The Chapel and Museum ai Englesea Brook holds a collection of rare and valuable books (elating to the MethLxlist
Church and its doctrinal standards and discipline. Individual items in the collection have been donated over many
years. The collection is appropriately insured.
28 Methodlst Book Centre, Hanley
The Book Centre is an integral part of the Charity. lis purpose is for the provision of Christian education and the
spreading of the Gospel. li has a trading year end of 31 January. and the Tesutts for the year ended 31 Janu8ry
2022 are incorporated intr> the accounts of the District lor its year ended 31 August 2022.
29 Cash generated fwom operallons
2022
2021
Surplus for the year
16,755
649,505
Adjustments for..
Investment income recognised in statement of financial activities
Fair value gains and losses tsn invesiments
Depreciation and impairment of tsnEible fixed assels
140.8421
31,242
550
125,5631
152,0701
626
Movements in working caprtal:
Decrease In stocks
Ilncreasel/decre3se in debtors
Inerease/ldecreasel in creditors
10.769
11.6101
3,583
3.354
2.566
18,1271
cash generated from operotlons
20.447
570.291
30 Analysls of ehanges In net funds
The charity had no material debt during the year.
-24-

THE METHODIST CHURCH
CHESTER AND STOKE ON TRENT DISTRICT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2022
31 Prtor peilod adjustment
Prior period adjustments were made to transactions that had prevtously been inappropriately accounted for in
accordanoe with the FRS 102 financial reporting framework. A summary of the adjustrnents rnade to the prior year
rigures is diselosed below.
The adjustment was made for cash held in investments. The 2021 figures have been reststed as follows=
Cash held at bank was originally £677,574 and was restated to £734,435
Fixed asset investments wès orignalty £527.170 and was restated to £470,309
25-