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