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2025-08-31-accounts

Church Accruals Accounts 2024-2025

THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2025 Hazel Grove Methodist Church

THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)
for the year ended 31 August 2025
Hazel Grove Methodist Church		 THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)
for the year ended 31 August 2025
Hazel Grove Methodist Church
Registered Charity - Registration number (if applicable) 1134174
United Stockport Circuit
Circuit No		 1/38
Minister
Revd. Jan Tate
Church Stewards
Judith Adshead
Christine Aspin
Ian Chesters
Brenda Moseley
Janet Street
Church Treasurer
Ian Chesters

Hazel Grove Methodist Church TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

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 £ 14,748 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 2024/25 the single largest source of income was the offertory (including Gift Aid), followed by lettings.

Expenditure Trends

The major cost is in relation to the assessment paid to the United Stockport Circuit. This amounts to 38% 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 2025 the net current assets of the Church relating to the General Fund were £ 142k, giving approximately 16 months' cover for expenditure.

Plans for 2025-26

Church financial plans for the coming year will be determined in the light of the needs of the Church and Circuit although promoting closer links with our local United Reform Church remains one identified priority.

Name of Church

Church No 190211

Hazel Grove Methodist

Statement of Financial Activities (SOFA) for the year ended 31 August 2025

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
18
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
2024-25
£
£
£
£
£
38,183
38,183
1,371
252
1,623
7,867
7,867
5,045
5,045
0
0
53,490
5,171
58,661
105,956
252
5,171
0
111,379
(46,936)
(46,936)
(1,187)
(2,250)
(3,437)
(30,761)
(1,006)
(31,767)
(18,978)
(18,978)
(16,106)
(16,106)
(2,439)
(2,439)
(3,728)
(400)
(2,336)
(6,465)
0
(120,136)
(400)
(5,592)
0
(126,128)
0
0
(14,179)
(148)
(421)
0
(14,748)
2,600
(2,600)
0
0
(11,579)
(148)
(3,021)
0
(14,748)
1,917,319
943
18,575
1,936,837
1,905,740
795
15,554
0
1,922,088

Church No 190211

Name of Church

Hazel Grove Methodist

Statement of Financial Activities (SOFA) for the year ended 31 August 2024

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
2023-24
£
£
£
£
£
39,567
39,567
1,199
247
941
2,387
10,233
10,233
5,480
5,480
0
0
41,391
6,296
47,687
97,869
247
7,237
0
105,353
(42,559)
(42,559)
(430)
(400)
(1,490)
(2,320)
(25,826)
(697)
(26,523)
(21,514)
(21,514)
(16,600)
(16,600)
(1,275)
(1,275)
(8,003)
(2,834)
(10,837)
0
(116,207)
(400)
(5,021)
0
(121,628)
0
0
(18,338)
(153)
2,216
0
(16,275)
450
(450)
0
0
(17,888)
(153)
1,766
0
(16,275)
1,935,207
1,096
16,809
1,953,111
1,917,319
943
18,575
0
1,936,837

Church No 190211

Name of Church

Hazel Grove Methodist

Balance Sheet as at 31 August 2025

Fixed Assets Notes to the
Accounts		 General Fund
(Unrestricted)
£		 Designated
Funds
(Unrestricted)
£		 Restricted
Funds
£		 Endowment
Funds
£		 Totals 2025
£		 Totals 2024
£
Church buildingand otherproperty 1 1,765,290 1,765,290 1,781,396
Investmentproperties 0 0
Investments 0 0
Total fixed assets 1,765,290 0 0 0 1,765,290 1,781,396
Current Assets
Debtors andprepayments 14 3,876 3,876 5,312
Loans bythe Churches 0 0
Investments with TMCP 14 43,531 9,714 53,245 50,979
Central Finance Board Deposits 14 52,455 52,455 65,538
Cash at Bank and in hand 14 40,987 795 6,741 48,522 33,612
Total current assets 140,849 795 16,454 0 158,098 155,441
Current liabilities
Creditors (due in under 1 year) 400 900 1,300 0
Grantspayable within 2025-26 0 0
Total current liabilities 400 0 900 0 1,300 0
Net current assets/liabilities 140,449 795 15,554 0 156,798 155,441
Total assets less current liabilities 1,905,739 795 15,554 0 1,922,088 1,936,837
Long term liabilities
(due after more than oneyear)
Grantspayable after 2025-26 0 0
Loans to the Church 0 0
0 0
Net assets 1,905,739 795 15,554 0 1,922,088 1,936,837
Funds of the Church
General Fund(Unrestricted) 1,905,739 15,554 1,905,739 1,917,319
Designated Funds(Unrestricted) 795 795 943
Total Unrestricted Funds 1,906,534 1,918,262
Restricted Funds 15,554 15,554 18,575
Endowment Funds 0 0 0
Total Funds 1,905,739 795 15,554 0 1,922,088 1,936,837

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

Unrestricted Restricted 2025 Total 2024 Total

(including

Designated Funds)

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 Income		 £
£
38,183
0
38,183
39,567
7,867
0
7,867
10,233
46,050
0
46,050
49,799
1,623
0
1,623
2,387
0
0
0
0
47,673
0
47,673
52,186
Unrestricted Restricted
2025
2024
£
£
0
0
0
0
0
0
0
0
0
0
0
0
Unrestricted Restricted
2025
2024
£
£
£
£
42,682
0
42,682
39,726
10,808
5,171
15,979
7,961
0
0
0
0
53,490
5,171
58,661
47,687
Unrestricted Restricted
2025
2024
£
£
£
£
2,614
0
2,614
2,859
2,431
0
2,431
2,620
5,044
0
5,044
5,480
Unrestricted Restricted
2025
2024
£
£
£
£
0
0
0
0
106,208
5,171
111,379
105,353
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
£
Average number of staff employed during the year were:		 Thisyear Lastyear Thisyear Lastyear
Nil Nil
Nil Nil
Nil Nil
Nil Nil
Nil Nil
20,182 14,214
Nil Nil
Nil Nil
20,182 14,214
0.69 0.69

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 01/09/2024 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 01/09/2024 189,584 42,540 232,124
Depreciation charge foryear(-) 10,704 5,401 16,106
Revaluations(+/-)
Disposals(-)
Transfers*(+/-)
Balance carried forward 200,288 47,942 248,230
Net book amount
Brought forward 1,700,416 80,980 1,781,396
Carried forward 1,689,712 75,578 1,765,290

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 189,584
NBV b/f 1,070,416
Depreciation foryear 10,704

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
Balances held at Bank
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 2025 the Church had no capital commitments.
No Contingent liabilities were identified at 31st August 2025.		 This year
Last year
£
£
0
0
3,876
5,312
0
0
3,876
5,312
48,522
33,612
53,245
50,979
52,455
65,538
154,222
150,129
1,300
0
1,300
0
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-2024 Amount on 31-Aug-2025
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 1,917,319 105,956 (120,136) 2,600 Treepruningservices reimbursed bythe Events Committee 1,905,739
Totals
Designated Funds(Unrestricted)		 1,917,319 105,956 (120,136) 2,600 1,905,739
Fund Name **Opening Balance ** Income Expenditure Transfers Closing Balance
Benevolence Fund 943 252 (400) 795
Totals
Restricted Funds		 943 252 (400) 0 795
Restricted Fund Name Opening Balance Income Expenditure Transfers Closing Balance
Various Bequests 9,714 0 0 9,714
Project/Events Fund 6,712 2,154 (1,578) (2,600) Treepruningservices reimbursed to General Fund 4,688
Ladies' Fellowship 1,530 2,824 (3,777) 578
Coffee Lounge/EarlyBirds 619 193 (237) 575
Totals 18,575 5,171 (5,592) (2,600) 15,554
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

31 August 2025 Charity No. 1134174

Set out on pages

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 2025

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. IAN COVERDALE

STEWARDS

MRS. JUDITH ADSHEAD MS CHRISTINE ASPIN MR. IAN CHESTERS MRS. BRENDA MOSELEY MRS. JANET STREET

CHURCH SAFEGUARDING CO-ORDINATOR

MRS. JAYNE QUINN

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 Mèthodlstchurch DECLARATIONS Trea8ur8r confirm that th&&8 accrual based accoun15 for Ihe year ende(131 Au9USI 2025 hav8 been pr8pared trom th8 recoTd8 of the Church and that Ihey includ8 all funds under the control of th8 Church Coul Members. Maeting l Leadership Signature of Treasutyr 0818 Name of Tr*a¥urer lan Chesters Addr0S8 9. Seaton Close, Hazel Grove. Stockrort. Cheshire SK7 SLU Presentation to tho Church Councll l Momber8' Meeting l L•ad•rshlp Group. for approval. I ￿nfIrM Ih8t the annual report and aG¢ounts forth& year onded 31 Au9 2025 were, orwll b6.and were approved. Signatur& of the Chair of the meeting Name of the Chair of th8 m8?tlng Date Indep•nd•nt Examlnerfs Report to tho Trust88s ol tho Hazel Grove Methodist Ghur¢h J676116 2025 This Report 1$ on the Church Accounts for the year endÈd 31st August 2025 R88PeCtive re8ponslbilitie$ of Tru$t•¢s and Examiner The Church's Iruslees are reSWnsib￿ for ensuring that the annual report and Èccounts for tha year lo 31 August 2025 p￿sent a tru& and fair viaw of th8 Church's income and 8xpenditur8 for tha year of its assets and liabilities al the balance sheet (late. The trustè8s consider that an audit Is nol necessary for this year under S8clion 144 of the Charitie5 Act 2011 Ilhe Charili&s Acll and that Sn indep&nd8nl examination18 n88ded. 11 15 my responsibility to. fyxamine the aGcounts under stctin 145 of the Charilyds Act., lo followthe procedure51gid down in the general Dlr8ctions given by the Chadty COMMIS￿On under Section 145lSllbl of thè Charit￿8 act.. 8nd lo slats vA)ether particular matters have Gomtr to my attention. ' Please Llelele oi orcle as appiopnale

Haiel Grove Methodlst Churth Basls of Independent Examlntr's Report My exatninalion was carried out In ac¢ordan¢$ with tha goneral directions given bythe Charity Commission. An examlnalon Independent Examiner's Statement REPORT AND ACCOUNTS In connection with my examination. no fnattor h85 corne to rny attention lother than a$ disGI05￿ below'l whi¢h gives me re850nable cause lo belEve that in any Material respect the requirements.. lo keep accounting record5 in 8ccord8nce with Section 130 of the Chamties AGt 2011. lo prepare accounts which a¢¢ord with the accounting records and comply with the accountlng I confirm that the annual ￿port and accounts for the year ended 31 Aug 2025 were. or will b8. pr8senled to the Church Council l Metnbers, M8eting l Leadership Group. al its meeting 01 121 to which, in my opinion. attention should be drawn in order lo enable a proper understanding of the accounts io b8 reached, I Ihave not. obtained ind8p8ndenl verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the C Finance Board of the Methodist Church which are individually in exces5 of £10,000 Ilen thousand poundsl at the balance sheet date. Name of independent Signature of independent Rel8v8nt Professional qualification or LK)dy Name of firm Iwh8re appropriatel Address Oa18 Please delete or circlo a5 appropriate