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2021-08-31-accounts

Church Accruals Accounts 2020-2021

THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2021 Hazel Grove Methodist Church

for the year ended 31 August 2021
Hazel Grove Methodist Church
THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)		 for the year ended 31 August 2021
Hazel Grove Methodist Church
THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)
Registered Charity - Registration number (if applicable) 1134174
United Stockport Circuit
Circuit No
Minister
Revd.Catherine Bird
Church Stewards
Jayne Quinn
Ian Chesters
Brenda Moseley
Janet Street
Denise Jackson
Church Treasurer
Ian Chesters

Hazel Grove Methodist Church TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

Aims and Organisation:

The object of the charity is set out in the Methodist Church Act 1976 (clause 4) i.e. advancement of religion and any charitable purposes of the Methodist Church or church organisation.

Review of the Year:

For the year 2020/21 Hazel Grove Methodist Church ("the Church"), in common with most organisations, was impacted by a global Covid19 pandemic and associated preventative measures, including lockdown. Worship activity was maintained, however, via on-line services organised by the United Stockport Circuit.

Regular Church activities (in normal times): we have regular services on Sunday mornings and occasional Sunday evening services which are open to all churches in the Circuit. The Young Church meet each week during term time on a Sunday morning. They also hold occasional Film Evenings and Messy Church. We continue to review our priorities for future years, taking account of national trends regarding staffing and outreach. We continue to allow our property to be used by both church-related and community groups. In addition to fellowship groups, the Church has continued to support a Scout Group and, until its closure part-way through 2021, a Pre-school Playgroup. Community groups include a model railway club, an orchestra, two choirs, a dancing school and educational classes. There are also a variety of one-off community bookings for events such as meetings, parties etc..

The Church had an £ 11,251 Income and Expenditure deficit during the year, principally as a result of non-cash items (depreciation) and redundancy costs incurred as a result of the Playgroup closure. These costs were offset by two bequests (£ 31k) and an insurance settlement received (£ 3k). In normal times, we organise regular fundraising events. The accounts are presented regularly to the Church Council. We have no funds materially in deficit.

Income Trends

Regular Church income is primarily drawn from the offertory paid by the congregation and community supporters of the Church together with Gift Aid tax credit; also lettings income from external users of the building and fees / grants collected by the Playgroup. In 2020/21 the single largest source of income was the offertory, followed by bequests, then Playgroup income.

Expenditure Trends

The major cost is in relation to the assessment paid to the United Stockport Circuit. This amounts to 35% of our total costs.

A significant amount of this Circuit assessment is used to pay the District assessment, stipends and costs related to Ministers. The other expenditure includes £ 17,683 on wages and redundancy costs for Playgroup staff.

Fund Balances

As at 31st August 2021 the net current assets of the Church relating to the General Fund were £ 182k, giving approximately 29 months' cover for expenditure.

Plans for 2021-22

Church financial plans for the coming year will be determined in the light of the needs of the new Circuit.

Church No

Name of Church

Hazel Grove Methodist Church

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

Notes to General Fund Designated Restricted Endowment Total
the (Unrestricted) Funds Funds Funds 2020-21
accounts (unrestricted)
£ £ £ £ £
Income
1 Offerings 41,865 41,865
2 Donations 702 31,213 31,915
3 Gift aid 8,457 8,457
4 Interest and investment income 298 84 382
5 Income from investment properties 0
6 Internal organisations 0
7 Other charitable income 9,733 16,259 25,992
8Total income 61,056 - 47,556
 - 108,612
Expenditure
9 Circuit assessment or share 42,000 42,000
10 Grants and donations 941 941
11 Property maintenance 22,975 22,975
12 Insurance,utilities etc 10,696 10,696
13 Depreciation 18,262 18,262
14 Office expenses 397 397
15 Other expenditure 1,214 23,378 24,592
16 Internal organisations 0
17Total charitable expenditure 96,484 0 23,378 0 119,863
18 Gains/(losses) on monetary investments 0
19 Gains/(losses) on investment properties 0
20Net income/(expenditure) -35,429 0 24,178 0 -11,251
21 Transfers between funds 21,708 - 21,708
 0
22 Other gains/(losses) 0
23Net movement in funds -13,721 0 2,470 0 -11,251
24 Total funds brought forward 1,986,373 1,029 41,044 - 2,028,446
25 Total funds carried forward 1,972,652 1,029 43,513 -
 2,017,195

Church No

Name of Church

Hazel Grove Methodist Church

Statement of Financial Activities (SOFA) for the year ended 31 August 2020

Notes to General Fund Designated Restricted Endowment Total the (Unrestricted) Funds Funds Funds 2019-20 accounts (unrestricted)

Income
1 Offerings
2 Donations
3 Gift aid
4 Interest and investment income
5 Income from investment properties
6 Internal organisations
7 Other charitable income
8Total income
Expenditure
9 Circuit assessment or share
10 Grants and donations
11 Property maintenance
12 Insurance,utilities etc
13 Depreciation
14 Office expenses
15 Other expenditure
16 Internal organisations
17Total charitable expenditure
18 Gains/(losses) on monetary investments
19 Gains/(losses) on investment properties
20Net income/(expenditure)
21 Transfers between funds
22 Other gains/(losses)
23Net movement in funds
24 Total funds brought forward
25 Total funds carried forward		 £
£
£
£
£
38,597
38,597
1,267
1,019
973
3,259
5,364
5,364
959
106
1,065
0
0
23,999
36,732
60,731
70,186
1,019
37,810

-

109,015
42,000
42,000
1,637
375
1,930
3,942
19,982
17,209
37,191
14,093
14,093
20,435
20,435
920
920
1,981
23,697
25,678
0
101,048
375
42,836
0
144,259
0
0
-30,863
644
-5,026
0
-35,245
18,982
-
18,982
0
0
-49,845
644
13,956
0
-35,245
2,036,218
385
27,088

2,063,691
1,986,373
1,029
41,044
-
2,028,447

Name of Church

Hazel Grove Methodist Church

Church No

Balance Sheet as at 31 August 2021

Fixed Assets Notes to the
Accounts		 General Fund
(Unrestricted)
£		 Designated
Funds
(Unrestricted)
£		 Restricted
Funds
£		 Endowment
Funds
£		 Totals 2021
£		 Totals 2020
£
Church buildingand otherproperty 1,832,794 1,832,794 1,851,056
Investmentproperties 0
Investments 0
Total fixed assets 1,832,794 0 0 0 1,832,794 1,851,056
Current Assets
Debtors andprepayments 3,937 3,937 16,226
Loans bythe Churches 0 0
Investments with TMCP 47,007 47,007 15,737
Central Finance Board Deposits 99,691 99,691 90,596
Cash at Bank and in hand 32,631 1,029 2,421 36,081 55,050
Total current assets 136,259 1,029 49,428 0 186,716 177,609
Current liabilities
Creditors (due in under 1 year) 1,942 371 2,313 218
Grantspayable within 2020-21 0 0
Total current liabilities 1,942 0 371 0 2,313 218
Net current assets/liabilities 134,317 1,029 49,058 0 184,403 177,392
Total assets less current liabilities 1,967,111 1,029 49,058 0 2,017,197 2,028,448
Long term liabilities
(due after more than oneyear)
Grantspayable after 2020-21 0
Loans to the Church 0
0
Net assets 1,967,111 1,029 49,058 0 2,017,197 2,028,448
Funds of the Church
General Fund(Unrestricted) 1,967,111 49,058 1,967,111 1,986,375
Designated Funds(Unrestricted) 1,029 1,029 1,029
Total Unrestricted Funds 1,968,140 1,987,404
Restricted Funds 49,058 49,058 41,044
Endowment Funds 0 0 0
Total Funds 1,967,111 1,029 49,058 0 2,017,197 2,028,448

Signed

Church Treasurer

Notes to the Accounts

1. Basis of accounting

The financial statements have been prepared in accordance with SORP(FRS102) as updated, being the current version of Accounting and Reporting by Charities: Statement of

2. Funds

The funds held constitute: General Funds held for any purpose of the Church which are Unrestricted; Restricted funds which are held for a narrower purpose including those for internal organisations. There are no Endowment funds. Details of each material fund are disclosed in note 18. Any funds may be represented by more than just cash.

3. Accounting policies

Basis

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

Income

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

Expenditure

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

Grants

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

VAT

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

Tangible fixed assets for use by the Church

These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown at estimated market value.

Investment Properties

Investment properties - no property is currently deemed to be held for the long term purposes of the charity.

Investments

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

Debtors and Prepayments

Debtors include all known outstanding items at the end of August.

Creditors

Creditors include all known outstanding items at the end of August.

The Methodist Church - Hazel Grove

4. Donations and legacies
Collections
Gift Aid
Donations
Legacies
Total
5. Charitable activities
Fund raising
Other
Total
6. Other trading activities
Lettings
Miscellaneous (Playgroup fees / Grants / Furlough Scheme)
Total
7. Investment income
Central Finance Board
Other
Total
8. Other
Miscellaneous
Total		 Unrestricted Restricted 2021 Total 2020 Total
£
£
41,865
41,865
38,597
8,457
8,457
5,364
50,322
0
50,322
43,960
702
702
3,260
31,213
31,213
0
51,024
31,213
82,238
47,220
Unrestricted Restricted
2021
2020
£
£
0
0
3,042
0
0
1,304
0
0
0
4,347
Unrestricted Restricted
2021
2020
£
£
£
£
5,572
5,572
23,851
20,505
20,505
32,533
5,572
20,505
26,077
56,384
Unrestricted Restricted
2021
2020
£
£
£
£
125
125
683
173
173
382
125
173
298
1,065
Unrestricted Restricted
2021
2020
£
£
£
£
0
0
0
0
9. Payment to Trustees
Payments made to trustees for additional services provided to the Church by agreement with the Church Council Meeting
£
Number of trustees who were paid expenses
Nature of the expenses
No expenses were paid to Trustees.
Total amount paid
£
10. Fees for examination or audit of the accounts
Independent examiner’s or auditors' fees for reporting on the accounts
£
Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor
£
11. Paid employees
Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind
£
Employer’s National Insurance costs
£
Pension costs
£
Total staff costs
£		 Thisyear Lastyear Thisyear Lastyear
Nil Nil
Nil Nil
Nil Nil
Nil Nil
Nil Nil
29,235 34,160
Nil Nil
Nil Nil
29,235 34,160

Average number of staff employed during the year were:

12. Tangible Fixed Assets

Cost or valuation

12. Tangible Fixed Assets
Cost or valuation
Other non investment
land and buildings
£		 Fixtures, fittings
and equipment
£		 Total
£
Balance brought forward 01/09/2020 1,890,000 123,520 2,013,520
Additions
Revaluations(+/-)
Disposals(-)
Transfers *(+/-)
Balance carried forward 1,890,000 123,520 2,013,520
Accumulated depreciation
Balance brought forward 01/09/2020 145,675 16,789 162,464
Depreciation charge foryear(-) 11,143 7,119 18,262
Revaluations(+/-)
Disposals(-)
Transfers*(+/-)
Balance carried forward 156,818 23,908 180,726
Net book amount
Brought forward 1,744,325 106,731 1,851,056
Carried forward 1,733,182 99,612 1,832,794

Note : the method of depreciation is on a reducing balance basis 1% for church buildings and 6.67% for fixtures, fittings and equipment.

14. Analysis of current assets
This year Last year
Debtors and prepayments £ £
Pre paid assessments 0 10,500
Accrued income (HMRC Gift Aid accrued) 3,738 4,251
Other debtors 199 1,475
Total debtors and prepayments 3,937 16,226
Analysis of cash at bank
Bank balance held in RBS Hazel Grove branch 36,081 30,307
Bank balance held in Vernon B Soc Poynton branch 0 24,743
Bank balance held by Trustees for Methodist Church Purposes 47,007 15,737
Cash held by Central Finance Board of The Methodist Church 99,691 90,596
Total Cash and Bank 182,779 161,383
15. Analysis of current liabilities and long term creditors
Trade Creditors
Other Creditors (inc. Utilities, property repairs and funds due to third parties (2,313) (218)
Total Current Liabilities (2,313) (218)
16. Capital commitments and contingent liabilities
At the 31 st August 2021 the Church had no capital commitments.
No Contingent liabilities were identified at 31st August 2021.
The Methodist Church - Hazel Grove
17. Loans and creditors due after one year
Loans
The Methodist Church - Hazel Grove
17. Loans and creditors due after one year
Loans
Source **New borrowings£ ** Loan interest£ Repayable in theyear £ Balance atyear end£
Nil
Nil
Repayment due Totals
Due within 12 months
Due after more than 12 months
Total Nil
Purpose of loans
None
Creditors due after oneyear
Name of creditor Amount on 31- Amount on 31-Aug-2020
Aug-2021
Nil
Total Nil Nil
The Methodist Church - Hazel Grove
18. Detailed analysis of individual fund movements
Unrestricted Funds
Fund Name **Opening Balance ** Income Expenditure Transfers Closing Balance
General Fund 1,986,373 61,056 (96,484) 16,167 1,967,111
Totals 1,986,373 61,056 (96,484) 16,167 1,967,111
Designated Funds(Unrestricted)
Fund Name **Opening Balance ** Income Expenditure Transfers Closing Balance
Benevolence Fund 1,029 0 0 0 1,029
Totals 1,029 0 0 0 1,029
Restricted Funds
Restricted Fund Name OpeningBalance Income Expenditure Transfers Closing Balance
Various Bequests 9,879 31,213 0 5,541 46,633
Project Fund 5,206 0 0 (4,000) 1,206
Ladies' Fellowship 408 0 0 0 408
Coffee Lounge 807 0 0 0 807
Playgroup 24,743 16,343 (23,378) (17,708) 0
Totals 41,043 47,556 (23,378) (16,167) 49,054
The Methodist Church - Hazel Grove

DECLARATIONS

Treasurer

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

Name

Address

Hazel Grove

Presentation to the Church Council Meeting for approval.

I confirm that the Accounts were, or will be, presented to the Church Council Meeting on and were approved.

Signature of the Chair of the meeting

Name of the Chair of the meeting

Date:

Independent Examiner's Report

Report to the Trustees of

The Methodist Church - Hazel Grove

On accounts for the year ended

Set out on pages

The Methodist Church - Hazel Grove
31 August 2021 Charity No. 1134174
10 - 20 inclusive

I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31st August 2021

Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent Examiner's Statement I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: ► the accounting records were not kept in accordance with section 130 of the Charities Act; or

► the accounts did not accord with the accounting records; or

► the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date:

Name:

Relevent professional qualification(s) or body

Hazel Grove Methodist Church

Appendix A CHURCH COUNCIL MEMBERSHIP

MINISTER(S)

REV. CATHERINE BIRD

STEWARDS

MRS. JAYNE QUINN MR. IAN CHESTERS MRS DENISE JACKSON MRS. BRENDA MOSELEY MRS. JANET STREET

CHURCH SAFEGUARDING CO-ORDINATOR

MRS. ELIZABETH A. LAW

CHURCH REPRESENTATIVES (OTHER MEMBERS OF THE CHURCH COUNCIL)

1 MRS.JUDITH ADSHEAD 2 MR. KEITH TONGE 3 MRS. SHIRLEY STURMY 4 MR.ERIC COATES 5 MRS.STELLA MOLTON 6 MRS.LIZ YOUNG 7 MR.ALAN BRIGGS 8 MR.ADRIAN LAW 9 MR.GAVIN SYKES 10 MRS.DOREEN SYKES 11 MR.MARTYN BENNETT 12 MRS.PAT HUNT 13 MR.RICHARD LEWIS

14 MRS.ROSEMARY HASKAYNE

15 MR.DAVID EDMONSON 16 MRS.LIZ TURNER

17 MRS.BERYL KEELEY

Hazel Grove Methodist Church

DECLARATIONS

Treasurer

I confirm that these accrual based accounts for the year ended 31 August 2020 have been prepared from the records of the Church and that they include all funds under the control of the Church Council / Members' Meeting / Leadership Signature of Treasurer

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Date
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Name of Treasurer

Ian Chesters Address

9, Seaton Close, Hazel Grove, Stockport, Cheshire SK7 5LU

Presentation to the Church Council / Members' Meeting / Leadership Group* for approval.

I confirm that the annual report and accounts for the year ended 31 Aug 2020 were, or will be and were approved. Signature of the Chair of the Name of the Chair of the meeting Date Independent Examiner’s Report to the Trustees of the Hazel Grove Methodist Church* 2021

This Report is on the Church Accounts for the year ended 31[st] August 2021

Respective responsibilities of Trustees and Examiner

The Church's trustees are responsible for ensuring that the annual report and accounts for the year to 31 August 2020 present a true and fair view of the Church's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Hazel Grove Methodist Church

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination

Independent Examiner’s Statement

REPORT AND ACCOUNTS

In connection with my examination, no matter has come to my attention (other than as disclosed below*)

I confirm that the annual report and accounts for the year ended 31 Aug 2020 were, or will be presented to the Church Council / Members' Meeting / Leadership Group at its meeting on

Name of independent

Signature of independent Relevant Professional qualification or body

Name of firm (where appropriate)

Address

Date