2020-08-31-accounts

CONTENTS			PAGE
Reference and Administrative Details
Trustees annual report
Our purposes and activities
Achievements and performance
Financial Review (including	reserves policy)
Plans for Future Periods
Structure, Governance and	Management
Trustees responsibilities relating the financial statements
Statement asto disclosure	to our Auditor
Auditor's report tothe Trustees
Statement of Financial Activities
Summary Income and Expenditure		Account
Balance Sheet
Statement ofCash Flows			13
Notes to the Financial Statements			14
Appendix A: List ofTrustees

Mrs SFranc	Mrs SFranc	i	s (from February 2020)	s (from February 2020)
The names of all those who served			as Trustees of the Charity		for all	or part ofthe year	or were
Trustees at the date that this report		was adopted are listed		in Appendix		A.
Auditors:			Proud Goulbourn, Chartered		Accountants
			608 Liverpool Road
			Irlam
			Manchester M44 5AA
Bankers:	Cooperative		Bank Pic Central Finance			Board ofMethodist	Church
	PO Box250		9 Bonhill		Street
	Skelmersdaie		WNB 6WT London		EC2A 4PE
Custodian Trustees		Trustees for Methodist		Church Purposes
			Central Buildings
			Oldham Street
			Manchester M15JQ
Solicitors		Tickle Hall Cross
		Carlton Chambers
		25 Hardshaw Street
		StHelens WA10 1RP

			Notes	Unrestricted	Restricted	Total	Previous
				Funds	Funds	Funds f	Year
income from:
Donations				90,307	965	91,272	211,317
Charitable activities				419,632		419,632	501,818
Trading activities				26,763		26,763	13,715
Investments				7,404	234	7,638	7,187
Other							27,239
Total Income				644,106	%,199	545,306	762,276
Expenditure on:
Raising funds			8	5,158		5,158	3,387
Charitable activities			9-14	559,232	4,512	563,744	761,672
Other			15	8,487	-	8,487	18,270
Total Expenditure				572,877	4,512	577,389	783,329
Net income / (expenditure)	before transfers		16	(28,771)	(3,313)	(32,084)	(22,053)
Transfers between funds				234	(234)
Net income/ (expenditure) &losses	before other gains			(28,537)	(3,547)	(32,084)	(22,053)
Other recognised gains/ (losses)):
Gains / (Losses) on investment		assets		(36)		(36)	783,931
Gains / (Losses}on fixed assets		for Charity's
own use
Net movement in funds				(28,573)	(3,547)	(32,120)	761,878
Total Funds brought forward				5,418,106	37,512	5,455,618	4,693,740
Total funds carried forward				5,389,533	33,965	5,423,498	5,455,618

				Notes	2019/20	2018/19
Income					537,667	754,089
Gains / (Losses) on Investment			Assets		(36)	783,931
Interest and Investments		Income			7,638	7,187
Gross Income					545,269	1,545,207
Expenditure					575,935	781,714
Depreciation	and Impairment		Charges	16	1,454	1,615
Total Expenditure					577,389	783,329
Net income /	(expenditure)				(32,120)	761.878

			Notes	Total Funds	2019/20	Total Funds	2018/19
FIXEDASSETS
Tangible assets Investments			17	4,493,085 2,012		4,494,539 2,048
					4,495,097		4,496,587
CURRENT ASSETS
Debtors			18	25,169		24,537
Cash at bank and in hand			19	963,495		1,058,337
				988,664		1,082,874
CREDITORS: Amounts within one year	falling due		20	60,263		123,843
NET CURRENT ASSETS					928,401		959,031
TOTAL ASSETS LESS		CURRENT	LIABILITIES		5,423,498		5,455,618
NET ASSETS					5,423498		5,455.618
REPRESENTED BY:
Restricted Funds			22		33,965		37,512
Unrestricted Funds:
Designated funds Other unrestricted		funds	23 23	2,987,075 2402,457	5389,533	3,008,515 2,409,591	5,418,106
TOTAL FUNDS					5,433,488		5,455,618

						Previous Year
					Total Funds	Funds
Cash flows from operating	activities:
hfet cash provided by (used In) operating			acbvlties	(8ee Note 28)	~102A79	~20.9491
Cash flows from Investing	activities
Interest from investments					7,638	7,187
Purchase ofproperty
Net cash provided by (used in)investing			activities		7,638	7,187
Cash flows from financing	activities
Change in cash and cash in total )	equivalents	in	reporting	period (rounding	(94,842)	(13,762)
Cash and cash equivalents	at beginning		ofreporting	period	1,058,337	1,072,099
Cash and cash equivalents	at end of	reporting period			963,495	1,058,337

				2020		2019
			Iin-Restricted Funds	Restricted Funds	Toter Funds	Total Funds
Donations end legacies
Donations to Charity	Fund			965	965	3,498
Donations to Children/YP		Fund	5,490		5,490	3,300
Donations to Mission	(UR)	Fund	83,617		83,617	203,174
Donations to General	Fund		1,200		1,200	1,344
Total			90,307	965	91,272	211,317
Income from charitable activities
Church assessments			405,770		405,770	471,248
Letting ofcommunity	centre and rooms		10,586		10,586	17,655
Printing recharges			1,608		1,608	3,625
Other income			1,668		1,668	9,290
Total			419,632		419,632	501,818

	invested with Trustees for Methodist Ch	urch Purposes.
			2019/20		2018/19
		un-Restricted Funds	Restricted Funds	Total Funds	TotafFunds
7.	Other income
	Net proceeds from sale ofchurch				27,239
	Sale of Property —CPF Levy Refund
	Total				27,239

Management	cost on let	menses	4,282	4,282	2,424
Investment	management	costs	8?6	876	963
Total			5,158		3,387

				EII
2019/20			f.	II f
Ministerial	pay &expenses	141.059	95,666	15,256	251,981
Non-Admin	Lay staff pay &expenses		2,586		2,586
Connexional	/ District Assessments	57,717	34,150	6,389	98,256
Grants &Donations			15,835		15,835
Other property expenses			12,212		12,212
Other costs		27,793	16,444	3,077	47,314
Governance	costs (See Note 10)	18,225	14,229	1,989	34,443
Support costs (See Note 10)		53,505	41,774	5,838	101,117
Totals		298,298	232,S96	32,54S	563,744

					4
					N
2018/19
Ministerial	pay &expenses	168,158	97,365	16,414	281,937
Non-Admin	Lay staff pay &expenses		2,473		2,473
Connexional	/ District Assessments	56,551	33,460	6,260	96,271
Grants &Donations			176,110		176,110
Other property expenses			11,011		11,011
Other costs		30,478	18,033	3,374	51,885
Governance	costs (See Note 10)	14,662	19,446	1,497	35,604
Support costs (See Note 10)		43,808	58,102	4,472	106,381
Totals		313,668	416,000	32,018	761,672

				O
2019/20					Allocation	Basis
				cv
Ministerial pay &expenses		6,197	12,077	18,274	Ministerial	time
Admin Lay staff pay &expenses		11,507	5,869	17,376	Lay staff time
Manse costs		72,349	3,808	76,157	Ministerial	time
Connexional / District Assessments		5,998	6,194	12,192	Stafftime
Circuit Resource Centre		2„178	384	2,562	Staff time
Audit fee			3,128	3,128	Governance
Other costs		2,888	2,983	5,871	Stafftime
Totals		101,117	34,443	135,560
2018/19					Allocation	Basis
Ministerial pay &expenses		5,849	12,455	18,304	Ministerial	time
Admin Lay staff pay &expenses		11,298	6,196	17,495	Lay staff time
Manse costs		77,914	4,100	82,014	Ministerial	time
Connexional/ District Assessments		5,877	6,069	11,946	Stafftime
Circuit Resource Centre		2,276	401	2,677	Staff time
Audit fee			3,111	3,111	Governance
Other costs		3,167	3,271	6,438	Staff time
Totals		106,381	35,604	141,985
				2019/20		2018/19
Paid Employees
Stipends, Salaries, Employers	National	Insurance &	Pension Costs
Gross Stipends/Salaries				196,077		216,148
Social security costs				16,703		18,159
Other pensions costs				47,674		54,147
				280,454		288.454

			A	S AT 3	1st AU	GUST 202	0	0
							2020				2019
14.	Grants and Donations
	Grants &Donations	paid (Unrestricted			Funds):
	Church Building	projects	(Grants)					2,500			169,767
	Church Mission	Projects	(Grants)					3,200			1,719
	Connexional Funds &Charities (Donations)							2,000			2,000
	Donations paid (Restricted		Funds):
	Circuit Charities	(Parkinsons		UK/ Papyrus)				4,512			2,624
	Total							122'			176,110
15.	Other expenditure
							2019/20				2018/19
						Un-Restricted Funds	Restricted Funds	Total	Funds		Total Funds
	District Advance Fund levy on Circuit Model Trust Fund					7,557			7,557		18,270
	Manse Selling Costs					930				930
						8,487					18,270
							2019/20				2018/19
16.	Net Income/(Expenditure)		for	year
	This is stated after	charging:
	Depreciation							1,454			1,615
	Audit fee							3,128			3,111

ngible Fixed Assets
	Land &	Land &	Fixtures &	Total
	Buildlngs-	Buildings-	Fittings
	Manses	Community
		Centres
Cost orvaluation
At1September 2019	4,200,000	280,000	36,344	4,516,344
Revaluations in year
As at31August 2020	4,200,000	280,000	36,344	4,516,344
Depreciation
At 1September 2019			21,805	21,805
Charge for year			1,454	1,454
Asst31August 2020			23,259	23,259
Net BookValue
At31August 2019	4,200,000	280,000	14,539	4,494,539
At31August 2020	4,200,000	280,000	13,085	4,493,085

Eckersley Neale MRICS; M	ISA; Dip NDEA L3; Dip DEA ofBellhouse	Surveyors
		2019/20	2018/19
Debtors snd prepsymsnts
Loans to Circuit churches		2,000	2,000
Prepayments		22,335	21,768
Other Debtors		834
Total		25,MB	24,537
Cash at bank and in hand
Trustees for Methodist	Church Purposes (Interest Funds)	455,598	436,172
Central Finance Board	(Deposit Account)	454,795	575,807
Co-operative Bank (Current Account)		53,065	46,334
Cash in Hand		37	24
		963,495	1,058,337

Amounts Riling due within one year.
Receipts in advance	53,039	115,183
Other Creditors	8,105	8,922
Agency Collections	(881)	(262)
Totai	60,263	123,843

	2019/20	Balance 1Sap 19	incoming Resources	Outgoing Resources	Transom	Balance 31Aug 20
			E
Charity	Fund	4,570	965	(4,512)		1,023
Fresh	Expressions	32,942	234		(234)	32„942
		37,512	1,199	(4,512)	(225)	33,965
	2018/19	Balance 1Sap 18	Incoming Resources	Outgoing Resources	Transfers	Balance 31Aug 19
						E
Charity	Fund	3,696	3,498	(2,624)		4,570
Fresh.	Expressions	32,942	225		(225)	32,942
		36,838	3,723	(2,624)	(225)	37,512

ovement in Unrestricted	Funds
2019/20	Balance 18ep19	incoming Resources	Outgoing Resources	Transfers	Gains & Losses		Balance 31Aug 20
Designated Funds:
Children &Youth	11,989	5,490	(10,123)	2,000			9,356
Circuit Model Trust	315,755	1,724	(91472)	1„000		(36)	22?,071
Fresh Expressions	4,401		(1,000)	234			3,635
Local Preacher Fund	2,109		(75)				2,034
Manse Maintenance	40,000						40,000
Mission Fund	267,132	86,120	(2,862)				350,390
Nutgrove Comm. Centre	23,398	10,616	(17,156)	(6,000)			10,858
Revaluation Reserve	2,343,T31						2,343,731
	3,008,515	103,950	(122.588)	(2,766)		(36)	2,987,075
General Funds:
Fixed Assets	2,150,808		(1,454)				2,149,354
Other	258,783	440,156	(448,835)	3,000			253,103
	2,409,591	440,156	(450,289)	3,000			2,402,457
	5,418,106	544,106	(572,877)	234		(36)	5,389,533
2018/19	Balance 13ep18	incoming Resources	Outgoing Resources	Transfers	Gains & Losses		Balance 31Aug 19
Designated Funds:
Children 8 Youth	11,687	3,300	(4,998)	2,000			11,989
Circuit Model Trust	546,765	37,587	(269,622)	1,000	25		315,755
Fresh Expressions	4,745		(569)				4,401
Local Preacher Fund	2,109						2,109
Manse Maintenance	40,000						40,000
Mission Fund	67,252	204,064	(4,184)				267,132
Nutgrove Comm. Centre	22,926	16,916	(10,443)	(6,000)			23,398
Revaluation Reserve	1,559,825				783,906		2,343,731
	2,255309	261,867	(289,817)	(2,775)	783,931		3,008415
General Funds:
Fixed Assets	2,152,423		(1,615)				2,150,808
Other	249,370	49S,686	(489,273)	3,000			258,783
	2,401,793	495,686	(490,888)	3.000			2,409,591
	4,6S7,102	757,553	(780,705)	225	783,931		5,418,106

From Fund	To Fund	Reason	Amount
Circuit Model Trust	General	Allocation ofrent from proceeds ofsold manse	E5,000
Fresh Expressions {Restricted)	Fresh Expressions {0nrestrictedj	Interest received	g234
General	Children &Youth	Annual allocation agreed by Circuit Meeting	$2,000
Nutg ove Community Building	Circuit Model Trust	Funding of part ofcost of Deacon	g6,000

2019/20			Unrestricted Fundsf		Restricted Funds	Restricted Funds	Total
Tangible Fixed Assets			4,493,085				4,493,085
Investments			2,012				2,012
Net Current Assets			894,436			33,965	928,401
			5,389,533			33,985	5,423,498
2018/19			Unrestricted Funds		Restricted Funds		Total
Tangible Fixed Assets			4,494,539				4,494,539
Investments			2,048				2,048
Net Current Assets			921,519			37,512	959,031
			5,418,106			37,512	5,455,618
Transactions with related		parties
			' '
			D f	n	i	2019/20	2018/19
Income:
Circuit Churches			Assessments to fund Circuit Operating costs			405,770	471,248
Circuit Churches			Repayment of loan instalment			2,000	2,000
Liverpool District			Hire ofroom
Pendlebury Trust			Contribution to admin costs			1,320	1320
Methodist Connexion			Refund ofCPF Levy
Expendlturar
Circuit Churches			Grants			5,700	1,719
Circuit Churches			Prescot &Whiston Redevlopment				169,767
Liverpool District			District &Connexion		costs	110,448	108,216
Liverpool District Advance		Fund	Levy on Model Trust		Fund	7,557	18,270
Methodist Connexional	Funds		Circuit Donations			2,000	2,000

onciliation ofnet inco	me/(expenditure) to net cash flow	from operating activities
		2019/20	2018/19
Net income / (expenditure) forthe year (as per Statement of Financial Activities)		(32,084)	(22,053)
Adjustments for:
Depreciation charges		1,454	1,615
Interest from investments		(7,638)	(7,187)
(Increase) / Decrease	in Debtors	(631)	10,700
Increase/ (Decrease)	in Creditors	(63,580)	(4,024)
Net Cash provided by Activities	(used in) Operating	(102,479)	(20,949)