2023-08-31-accounts - Burnley And Pendle Methodist Circuit

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to3
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	7to 14

			Reference and	Administrative	Administrative	Administrative
Charity Registration		Number	1132972
Principal Office			Central Methodist			Church
			Hargreaves	Street
			Burnley
			Lancashire
			BB111DU
Independent	Examiner		KM
			1stFloor, Block C
			The Wharf
			Manchester	Road
			Burnley
			Lancashire
			BB111JG
Bankers			Virgin Money
			25 Manchester		Road
			Burnley
			Lancashire
			BB111HX

		Balance Sheet as at	31August 202	3
				2023	2022
			Note
Fixed assets
Tangible assets			11	1,013,014	1,013,014
Investments			12	452,635	301,026
				1,465,649	1,314,040
Current assets
Debtors			13	8,983	41,021
Cash at bank	and in hand			73,496	101,163
				82,479	142,184
Creditors: Amounts		falling due within one year	14	(3,122)	(21,714)
Net current	assets			79,357	120,470
Net assets				1,545,006	1,434,510
Funds ofthe	charity:
Endowment	funds			10,619	10,750
Unrestricted	income	funds
Unrestricted	Funds			1,534,387	1,423,760
Total funds			15	1,545,006	1,434,510

==> picture [422 x 166] intentionally omitted <==

			Unrestricted
			funds	Total	Total
			General	2023	2022
Rental income			18,248	18,248	19,484
Employment	Allowance		4,780	4,780	4,443
Other income	including	sale ofchurch building	236,497	236,497	7,667
			259,525	259,525	31,594

5 Expend	iture on charitable	activities
			Unrestricted
			funds	Total	Total
			General	2023	2022
		Note
Charitable	activities		194,552	194,552	150,148
Staff costs			174,324	174,324	178,882
Governance	costs		1,500	1,500	2,961
			370,376	370,376	331,991

			Unrestricted
			funds	Total	Total
			General	2023	2022
Independent	examiner	fees	1,500	1,500	2,088
Legal fees					873
			1,500	1,500	2,961

The aggregate	payroll	costs	were	were	as follows:	as follows:
										2023		2022
Staffcosts during the		year	were:
Wages and salaries										144,688			149,204
Social security costs											13,003		12,024
Pension costs											16,633		17,654
										174,324			178,882
The monthly	average	number		of persons		(including		senior management		/ leadership	team)	employed	by the
charity during	the year	expressed			as full time equivalents				was as follows:
										2023		2022
										No		No
Charitable activities
No employee	received	emoluments			ofmore	than	f60,000		during the year
9 Independent examiner's				remuneration
										2023		2022
Examination	ofthe financial		statements								1,500		2,088
10 Taxation
The charity is aregistered charity					and is therefore		exempt		from taxation.

11 Tangible fixed assets
	Manses	Total
Cost
At 1 September 2022	1,013,014	1,013,014
At 31August 2023	1,013,014	1,013,014
Depreciation
At 31August 2023
Net book value
At 31August 2023	1,013,014	1,013,014
At 31August 2022	1,013,014	1,013,014

12 Fixed asset investments
		2023	2022
Other investments		452,635	301,026
Other investments
	Listed	Unlisted
	investments	investments	Total
Cost or Valuation
At 1 September 2022	15,922	285,103	301,025
Revaluation	(350)		(350)
Disposals		151,960	151,960
At 31August 2023	15,572	437,063	452,635
Net book value
At 31August 2023	15,572	437,063	452,635
At 31August 2022	15,922	285,103	301,025
13 Debtors
		2023	2022
Prepayments		6,876	6,424
Accrued income		2,107	34,597
		8,983	41,021
14 Creditors
		2023	2022
Other creditors		1,622	3,732
Accruals		1,500	17,982
		3,122	21,714

15 Funds
			Balance at 1					Other
			September	Incoming	Resources		recognised		Balance at 31
			2022	resources	expended		gains/(losses)		August 2023
Unrestricted	funds
General Fund			119,842	250,812	(290,426)					80,228
Circuit Model Trust		Fund	290,904	230,411	(78,450)			(220)		442,645
Manse s			1,013,014							1,013,014
			1,423,760	481,223	(368,876)			(220)		1,535,887
Endowment	funds
Various endowment		funds
held with	TMCP		10,750					(131)		10,619
Total funds			1,434,510	481,223	(368,876)			(351)		1,546,506
			Balance							Balance
			at 1					Other		at 31
			September	Incoming	Resources			recognised		August
			2021	resources	expended	Transfers		gains/(losses)		2022
Unrestricted	funds
General Fund			139,290	292,452	(314,900)		3,000			119,842
Circuit Model Trust		Fund	309,868	1,473	(17,091)		(3,000)		(346)	290,904
Manse s			1,013,014							1,013,014
			1,462,172	293,925	(331,991)				(346)	1,423,760
Endowment	funds
Various endowment		funds
held with	TMCP		11,029						(279)	10,750
Total funds			1,473,201	293,925	(331,991)				(625)	1,434,510

16 Analysis ofnet assets between fund	s
	Unrestricted	Endowment
	funds	funds	Total funds
	General		2023
Tangible fixed assets	1,013,014		1,013,014
Fixed asset investments	442,016	10,619	452,635
Current assets	82,479		82,479
Current liabilities	(3,122)		(3,122)
Total net assets	1,534,387	10,619	1,545,006
	Unrestricted	Endowment
	funds	funds	Total funds
	General		2022
Tangible assets	1,013,014		1,013,014
Fixed asset investments	290,276	10,750	301,026
Current assets	142,184		142,184
Current liabilities	(21,714)		(21,714)
Total net assets	1,423,760	10,750	1,434,510