**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
8**Total 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
17**Total charitable expenditure**
18 Gains/(losses) on monetary
investments
19 Gains/(losses) on investment
properties
20**Net income/(expenditure)**
21 Transfers between funds
22 Other gains/(losses)
23**Net 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
8**Total 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
17**Total charitable expenditure**
18 Gains/(losses) on monetary
investments
19 Gains/(losses) on investment
properties
20**Net income/(expenditure)**
21 Transfers between funds
22 Other gains/(losses)
23**Net 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| * The "transfers" row is for movements between fixed asset categories. **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 A*str•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>c*natDor• 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 •nc*ude 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 trus*es on my examlnabon ol aco)wits ol Ihe at>ove charity nhe Trusf.) for the year efKJed 31 $1 Auwst 2023 R*sponslbllltles •nd basls of report As the charity's irustees. you a￿ responsible for ihe preparaIbc￿l ol Ihe accut 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 be*ve 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*) - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 130 of the Charities Act 2011. - to prepare accounts which accord with the accounting records and comply with the accounting 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 - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. - (3) I ~~have~~ /have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Name of independent Signature of independent Relevant Professional qualification or body Name of firm (where appropriate) Address Date - _Please delete or circle as appropriate_