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2023-08-31-accounts

Church Accruals Accounts 2022-2023

THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2023 Hazel Grove Methodist Church

for the year ended 31 August 2023
Hazel Grove Methodist Church
THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)		 for the year ended 31 August 2023
Hazel Grove Methodist Church
THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)
Registered Charity - Registration number (if applicable) 1134174
United Stockport Circuit
Circuit No		 190211
Minister
Revd.Catherine Bird
Church Stewards
Jayne Quinn
Ian Chesters
Brenda Moseley
Janet Street
Church Treasurer
Ian Chesters

Hazel Grove Methodist Church TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

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:

Regular Church activities: we have regular services on Sunday mornings which are open to all churches in the Circuit. The Young Church meet each week during term time on a Sunday morning. 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 community groups including 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

The Church had a £ 13,607 Income and Expenditure deficit during the year, principally as a result of non-cash items (depreciation). We organise periodic 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. In 2022/23 the single largest source of income was the offertory,

Expenditure Trends

The major cost is in relation to the assessment paid to the United Stockport Circuit. This amounts to 41% of our total costs.

A significant amount of this Circuit assessment is used to pay the District assessment, stipends and costs related to Ministers.

Fund Balances

As at 31st August 2023 the net current assets of the Church relating to the General Fund were £ 137k, giving approximately 14 months' cover for expenditure.

Plans for 2023-24

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

Church No 190211

Name of Church

Statement of Financial Activities (SOFA) for the year ended 31 August 2023 Notes to General Fund Designated Restricted Endowment Total the (Unrestricted) Funds Funds Funds 2022-23 accounts (unrestricted)

Income
1 Offerings
4
2 Donations
3 Gift aid
4 Interest and investment
income
7
5 Income from investment
properties
6 Internal organisations
7 Other charitable income
6
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		 £
£
£
£
£
39,307
39,307
980
877
50
1,907
7,871
7,871
3,464
3,464
0
0
41,214
6,279
47,494
92,837
877
6,329
0
100,044
46,200
46,200
920
1,000
400
2,320
23,926
963
24,889
14,933
14,933
17,122
17,122
581
581
3,597
4,010
7,606
0
107,278
1,000
5,372
0
113,651
0
0
(14,441)
(123)
957
0
(13,607)
400
(400)
0
0
(14,041)
(123)
557
0
(13,607)
1,949,249
1,218
16,252
1,966,718
1,935,207
1,096
16,809
0
1,953,111

Church No 190211

Name of Church

Hazel Grove Methodist Church

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Notes to
the
accounts
Income
1 Offerings
4
2 Donations
3 Gift aid
4 Interest and investment income
7
5 Income from investment
properties
6 Internal organisations
7 Other charitable income
6
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		 General Fund
(Unrestricted)
Designated
Funds
(unrestricted)
Restricted
Funds
Endowment
Funds
Total
2021-22
£
£
£
£
£
37,347
37,347
2,470
189
15
2,674
9,738
9,738
608
608
0
0
34,812
4,827
39,639
84,974
189
4,842
0
90,006
46,200
46,200
783
783
36,796
36,796
14,130
14,130
17,676
17,676
317
317
24,071
509
24,579
0
139,973
0
509
0
140,482
0
0
(54,998)
189
4,334
0
(50,475)
350
(350)
0
0
(54,648)
189
3,984
0
(50,475)
2,003,897
1,029
12,269
0
2,017,195
1,949,249
1,218
16,252
0
1,966,719

Name of Church Church No 190211 Balance Sheet as at 31 August 2023 General Fund (Unrestricted) Designated Funds (Unrestricted) Restricted Funds Endowment Funds Totals 2023 Totals 2022 Notes to the Accounts Fixed Assets Church building and other property Investment properties Investments 12 1,797,995 1,797,995 1,815,119 Total fixed assets 1,797,995 1,797,995 1,815,119 Current Assets IDebtors and prepayments Loans by the Churches Investments with TMCP Central Finance Board Deposits Cash at Bank and in hand 14 20,579 20,579 12,708 38,783 37,179 43,233 139,775 9,714 48,497 37,179 51,424 157,679 47,119 65,829 60,899 186,555 1,095 1,095 7,096 16,809 Total current assets Current liabilities Creditors (due in under 1 year) Grants payable within 2022-23 Total current liabilities 15 2,560 2,560 34,951 2,560 137,215 2,560 155,119 34.951 Net current assets/liabilities 1,095 16,809 151,604 Total assets less current liabilities 1,935,210 1,095 16,809 1,953,115 1,966,722 Long term liabilities (due after more than one year) rants payable after 2022-23 Loans to the C rch Net assets 1,935,210 1,095 16,809 1,953,115 1,966,722 Funds of the Church General Fund (Unrestricted) Designated Funds (Unrestricted) Total Unrestricted Funds ,935.210 1,935,210 1,095 1,936,306 16,809 1,949,252 1.218 ,09 1,950,470 16,252 Restricted Funds Endowment Funds 16,809 Total Funds 1,935,210 1,095 16,809 1,953,115 1,966,722 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 Recommended Practice.

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
Total
7. Investment income
Central Finance Board
Other
Total
8. Other
Miscellaneous
Total		 Unrestricted Restricted 2023 Total 2022 Total
£
£
39,307
0
39,307
37,347
7,871
0
7,871
9,738
47,179
0
47,179
47,085
1,857
50
1,907
2,649
0
0
0
25
49,036
50
49,086
49,758
Unrestricted Restricted
2023
2022
£
£
0
0
0
0
0
0
0
0
0
0
0
0
Unrestricted Restricted
2023
2022
£
£
£
£
38,876
0
38,876
29,312
2,338
6,279
8,617
10,344
0
0
0
0
41,214
6,279
47,494
39,656
Unrestricted Restricted
2023
2022
£
£
£
£
1,652
1,652
371
1,812
1,812
221
3,464
0
3,464
592
Unrestricted Restricted
2023
2022
£
£
£
£
0
0
0
0
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
12,911 12,055
Nil Nil
Nil Nil
12,911 12,055

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 01/09/2022 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 01/09/2022 167,850 30,552 198,402
Depreciation charge foryear(-) 10,921 6,201 17,122
Revaluations(+/-)
Disposals(-)
Transfers*(+/-)
Balance carried forward 178,772 36,753 215,525
Net book amount
Brought forward 1,722,150 92,968 1,815,118
Carried forward 1,711,228 86,767 1,797,995

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

Buildings at (deemed) cost 1,260,000
Depreciation b/f 167,850
NBV b/f 1,092,150
Depreciation foryear 10,921

14. Analysis of current assets

Debtors and prepayments
Pre paid assessments
Accrued income (HMRC Gift Aid accrued)
Other debtors
Total debtors and prepayments
Analysis of cash at bank
Bank balance held in RBS Hazel Grove branch
Bank balance held by Trustees for Methodist Church Purposes
Cash held by Central Finance Board of The Methodist Church
Total Cash and Bank
15. Analysis of current liabilities and long term creditors
Trade Creditors
Other Creditors (inc. Utilities, property repairs and funds due to third parties
Total Current Liabilities
16. Capital commitments and contingent liabilities
At the 31 st August 2023 the Church had no capital commitments.
No Contingent liabilities were identified at 31st August 2023.		 This year
Last year
£
£
0
0
20,579
12,708
0
0
20,579
12,708
51,424
60,899
48,497
47,118
37,179
65,829
137,100
173,846
(2,560)
(34,951)
(2,560)
(34,951)
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
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-Aug-2022 Amount on 31-Aug-2023
Nil
Total Nil Nil

Balance 1.949.258 1.949.258 Balance 1.935.2 17 1.935.217 92.837 92￿37 1107.2781 11(n.278 40J DÈ5 nated Funds (Urnrestrkted) 1.218 L218 877 877 Totals [1.000) Restr•cted F4•nds Astr•cted Fu nd Name ndlture 9.714 3.S57 2.337 64iS 16.252 6.329 The Methodfftst Church - Hazel Grove 9.714 3.623 2.707 12.192) 3.0931 188) (5.372 14WI (C>cnatDor• to General Funcl) 1.551 S57 I6￿￿9 Totats DECLARATIONS Treasurer I confiiyn that I have wepared acrounts from Ihe rec￿10$ of the Chufth and that they •ncude all lunds L•nder the cortr41 of the cfK4rch CoLmQl. Signature of Treasuref Address Pr•strntatlon lo the Church Councll eetlng lor approval. I confirm ihat the Acaxjnis we￿. Of will be. presentet) io the Chwch Counc•l MeetKbg on no wefe apprcvdecl SbQnatu￿ ol the Chay of the meeting Hazel GrcNe Name of the Chwr of the meeling l•)de Report to th• Trust¢￿ off The Methodlst Church - Hazel Grove On akncount• lor the ytrar £nde¢J st 2023 CharIt￿N0. .1134174 Set OLrt on p•g•s 10 - 20 Incluslv• I reFXYt to the truses on my examlnabon ol aco)wits ol Ihe at>ove charity nhe Trusf.) for the year efKJed 31 $1 Auwst 2023 Rsponslbllltles •nd basls of report As the charity's irustees. you a￿ responsible for ihe preparaIbc￿l ol Ihe acc<xJnis In •cwrclarbce WI￿ the reqU1￿Men1$ of the Char•t•es Acl 201 1 ("the . I report reS￿t o.. my examin¢tIO￿ ￿ ttr•e Trusfs aCc￿nIS G¥n"e¢J urbder sects'ut my examirKat)on I Piave folIcy•￿￿ all the applicab'è Direclbons g4ven t)y the Chanty Comrnissitsn under sectM￿ 145<5)1 In<•ep•)dent Examlnfrrfs Statemont -MS I have crynpleted rn￿, exarninat￿n I confirm that no maienal matters hav• lo my atlen1K•n In corne¢t￿ ffi1h the exarninaljon •••tJith gives me cause to beve that bn. any ma1enal respecl rt in oroer to enat)le per w•derstandi Sbgned: R•lev•ni Prof￿k)nal quallllc•tbon{s> or b{￿dY

Hazel Grove Methodist Church

Appendix A CHURCH COUNCIL MEMBERSHIP

MINISTER(S)

REV. CATHERINE BIRD

STEWARDS

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

CHURCH SAFEGUARDING CO-ORDINATOR

MRS. ELIZABETH A. LAW

CHURCH REPRESENTATIVES (OTHER MEMBERS OF THE CHURCH COUNCIL)

1 MR KEITH TONGE

2 MRS SHIRLEY STURMY

3 MR ERIC COATES

4 MRS LIZ YOUNG

5 MR ALAN BRIGGS

6 MR ADRIAN LAW

7 MRS LINDSAY TWOMLOW

8 MRS DOREEN SYKES

9 MR MARTYN BENNETT

10 MRS PAT HUNT

11 MR RICHARD LEWIS

12 MR DAVID EDMONSON

13 MRS LIZ TURNER

14 MRS BERYL KEELEY

15 MRS DENISE JACKSON

16 MRS HELEN BAILEY

Hazel Grove Methodist Church DECLARATIONS Treasurer I confirm that these accrual based accounts for the year ended 31 August 2023 have been prepared from the records of the Church and that they include all funds under the control of the Churcl Members, Meeting l Leadership Signature of Treasurer Date Name of Treasurer | lan Chesters Address 19, Sealon Close, Hazel Grove, Stockport, Cheshire SK7 SLU Prosentation to the vhurch Counknil l Membars, Meeting l Leadership Group. for approval. I confirm that the annual report and accounts for the year ended 31 Aug 2023 will be" and were approved. Signature of the Chair of tlie Name of the Chair of Ilie meeting Date Independent Examlner's Report to the Trustees of the Hazel Grove Methodist Ch'Jrch 2023 This Report is on the Church Accounls for the ye8r ended 31 st August 2023 Respoctive responsibilities of Trustees and Examiner The Church's trustees are responsible for ensuring that the qnnlial report and accounls for tlie year to 31 August 2023 present a true and fair view of the Church's income and expenditure for thi Ita assets and ,'iab,,I'.Ii- ai the balanLts Silkn•el dale. Tl-, I Iri:.".Ir.-.S ionsider Ihdi ain audit is noi iec.- S•ary for this ye¢al Uliuer Section .44 ..rn Charities Aci Li., 1 jthe Chaiilies Acl) and that an li i. examination is needed. It is my responsibility to.. examine the accouiils uiider section 145 of the Charilies Aci., to follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5){b) of the Charities act., and to slate whether particular matters have come to my attention. Please delete or ci￿le as appi'opri8le

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 2023 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