REGISTERED CHARITY NUMBER 1134270 Re rt of the Trustees for the Year ended 31 st 2024 United Stoc ct
Untted Stock Clrcult Re ort ofthe Trustees for the Year Ended 31 Au The trustees present their report with the financial statements of the charfty forthe year ended 31 August 2024. The trustees have adopted the provisions of the Charitie5 Act 2011 anLI the charities '5tstement of Recommended Prartice ISORPI 2015. as applicable to the Financial Reporting Stsndard IFRS5EI 2015. REFERENCE AND ADMINisfRATiVE oAlL5 Registered Charity number 1134270 Prlnclpal address United Stockport Circuit Circuit Office Tiviot Dale Methodist Church Tivlot Dale StockF)Ort SKI ITA Trusteos The members of the Circuit Meeting are the Charity Tw5tees. Afull list of tru5tee5 is at Annex A to this report. Accountant and Audltor McKellens Umited Chartered Accountants 11 Rlverview The Embankment Business Park Vale Road Heaton Mersey Stockport SK4 3GN Advisers The charity's investment managers are.. The Trustees for Methodlst Church Purposes, Central Buildings, Oldham Strèet, Manchester Ml IJQ The Central Finance Board of the Methryjist Church, 9 Bonhill Stree¢ London, EC2A4PE The lollowlng minlsters acted throu8houl the yw. Rev. Catherine 8ird {Superlntendentl Rev. Llndsay Kemp Rev. Dr. Raj Patta Rev. Dr. Katharine Smith Deacon Janet Amey Deacon Judith Laycock
nlted St Re ort of the Trustees for the Year Ended 31 Au st 21r24 srRUCTURE GOVERNAN(I AND MANAGEME Governlng document The charity is controlled by its governing document a deed of trust, and constitutes an unincorporated charity. The charitable trust is constituted by the Deed of Unn 1932, Ihe Methodist Church Art 1976. is part of the Methodist Church of UK. The trustees listed have served throughout the year. Appointment of trustees is governed by the Methodist church Act 1976. The Managing Trustees of Churches and the Circuit are empowered by our Standing Orders to appoint new trustees and to fill vacancies arising through resignation or death of an existing trustee. Clrcuit Managing Trustees have regular meetings where the Circuivs maln areas of activity and by extenslon the aims of the charity are discussed and agreed. The day to functioning of the clrcult is governed by Standlng Orders as set out in the Constitution. Practice and Discipline of the Methodist Church. The charitable tnjst Is reglstered with the Charity Commission. FINANCIAL REVIEW Overview It 15 incrÈdibly difficult comparing one financial year with another given the selling of circuit property, however it is important to try and find a straightforward way to work OLrt what the 'daY-to-da costs are. The prlnciple of seeking to strip out the property sales and one-off payments has been adoptod. The key message is that 'nomial' Circult expendSture is significantly higher than 'normal' Circuit income. The nurnbers presented in this overview provide an indication of the flnancial position of the circuit but twng to pin down the exart numbers in respect of the 'day-tO- day, Circuit income and expenditure 15 highly complex and time con5umin8. For 2023-24 the 'normal' deficit was £54.659 together with a redurtion in the designated unrestrlcted funds of £60,000 rrown Centre Ministry. Mission Fund and Sponsorship Project). New designated unrestritted funds have been created (Manse Maintenance and Hong Kong Fellowship) 50 the overall decrease in designated funds was £8,000. The'normal, income also incluéed £50,000 interest generated from the sale of property. A 5traightforw3rd comparison wlth 2022-23 is drfficult with signlficant costs in preparfng for the sale of property and substantial repairs on manses. Following a similar argument to 2023-24 there was a deficit of £209,000 In 2022-23 wlth the designated unrestrirted fund decreasing by £64,Oc. Mlnlsterlal stlpends remained the same throughout the year. The arcuit has continued to employ two part-time lay employees. as Circuit Administrdtion Manager and Circuit Premises Adminlstration Support Worker. The manse at Mile End Lane has been occupled by tenants since October 2023. The figure presented 15 the change in the general fund lunrestrlctedl and Clrujit Model Trust lunrestrlctedl exduding all capital receipts and costs, retum ol pension1£98kl and pension interest1£8kl and model trust le. For 23-24 this result5 in Income of £425.240 The expenditure was £479.899 Resulting in a deficlt of £54,659
United Stock ort arcuit Re ort ot the Trustees for the Year Ended 31 A ust 2024 The sales of the manse at stiles Avenue, St John's MC and Trinity MC all completed within this connexional year and as a result the bridging loan from MCA limited was discharged. Methodist connexional levies were paid on the sale5 of St John's MC and Trinity MC of a total of £1.3,444. No connexional levy was paid on the sale of the manse at Stiles Avenue as th15 wa5 501d in order to fund the purchase of the Arton Close Manse. The total a5se55ment levied on the churches was £279.619. The arcuit made an operating loss in the year of £113,254 and drew down a further £66,230 from reseTves as planned to cover the costs of the Town Centre Project lincluding the ministry costs) and the Hong Kong Fellowshlp. The totsl income and expenditure account for the year is detailed in the flnanclal statements. The total value of manse and church property managed by the Circuit decreased in the year by £4,569,978 due ta the sal@s detailed above and to the revaluation Df fiviot Dale Methodist Church. The clrcult received a payment of £98,101.15 from the connexional pension fund as a repayment (plus Interest of £8396.64) of the amount given to that fund in the connexional year 202V22. The circuit has commitments of £442,219 to fvnd the remaining three years of the commitment to the town centre ministry, the commitment lover the coming four years) to the Hong Kong Fellowship, the grant fund and a manse maintenance fund. Re5er¥es pdity The Managlng Trustees have reviewed the major risks which the charity faces and conslder that there are none which would stop the charity from maintaining Its objects. Assessrnents from individual churches have been agreed for the forthcoming year. It IS the poliry of the charity to maintsin unrestricted funds at a reasonable level to cover unforeseen expen5e5. This piovide5 Sufficient funds to cover management and administration and support costs for at least 6 months. Funds available are sufflcient to permit the trust to continue in operation in the medium temi, given the agreed assessments of the individual churches and the Connexional nature of its governarbce. The tn15tees review the major risks which the charity fa5 and consider that there are none which would stop the charity frorn maintalning its objects. Support from individual churche5 has been promised for the forthcoming year. Rlsk management The trustees have a duty to identify and revlew the risk5 to which the tharity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Safeguardlng The Circuit is committed to ensurtng the implementation of the Connexional Safeguarding Policy. government legislation, guidance. and safe practice in the circuit and in the churthes. Investment Powers The Methodist Church Act 1976 3Uthorises the tNstees to make and hold investments using the general and other funds of the charlty. and such investments are presently held and shown within the financial statements at their current value.
United S arcuit Re rt of the Trustees for the Year Ended 31 Au ust 2024 OBJEcfivESAND AalVITIES The oblectlves and aims of the Managing Trustees are to oversee and further the work of the Methodist Church. To this end, those activities which come within the oversight of the ManagingTrustees are to provide ministerial oversight, manage circuit property including manses, contribute, as agreed, to District and Connexional assessments and be mindful of development opportunities for the Circurt. In order to do thls the Mana8ing Trustees, raise 25sessments on individual Methodist Churches in the United &ockFYJt area In accordance with Stsnding Orders. They may also make grants to individual churches for property. Ministry and Mission as permltted and governed by the Stsnding Orders. The Managing Trustees believe that these activlties and the church resources are for the public benefit as. through Its work the Managine Trustees enable pastoral ministry, spiritual engagement and contribute to community development in the United Stockport area. The Managing Trustees have noted the Charity Commission's guidance on public benefiL ACHIEVEMENT AND PERFORMANCE The United Stockport Circuit continue5 to oversee a wde range of mission related activities, mostly undertaken by the member churches throughout the l)orough of Stockport. At theTown Centre premlse5, known a5 fwiot Dale. the circuivs community café provides a welcome, a meal and social space for people who are homeless, at risk of homele55ne55 and othenlSe disadvantaged. Around the circuit the staff continue to offer wide ranging input of a pastor818nd practi1 nature to the churches to support good governance and mission outreach. The churches h05t bible study and fellowship groups,. parent and toddler groups; 3 welcome spa for awum seeker5 housed in a local hotel; an activity group for adults with learning disabilities,. dementia cafes. film clubs,. craft spaces and a wide variety of other activities. Most church buildings are used to host a wide range of communtty organisations who benefit from good quality and affordable Spate. The circuit works closely wlthin the Manchester and Stockport DistrÉct of the Methodist Church, and wlthin the 5tTUCtures of the national Methodist Church, benefftting from trdinin& ministry and governance resources. The Circuit completed the process of applying to the Home Office to become a Community Refugee Sp)onsorshlp organization and welcomed a family under the scheme. A dedicated group from around the circuit have offered significant support to the fami in settling in and accessing seNice5 in the UK. The circuit hosted two "mission forum< to enable churches to share the highliEhts of their mlssion with one another and to hear about diffèrent models of sharing governance and worship betsveen churches. RecoEnlslng that irb the medium term. a redurtion in ministry is required in order to reduce the ongoing deficit, the circuit began work on a strategy document to enable this to be implemented whilst maintaining 5USt?inable ministerial roles. The circuit continued to promote environmentsl issues with the adoption of a comprehensive eco policy. A lot of the work in the circuit is done on a voluntary basis and includes that of Circuit snd church officer5, Local Preachers and Worshlp Leaders, members, and secretarie5 of all the church commlttee5 and those 3SSlSting in running children's work etc. Ministerièl and lay staff members, along with volunteers wlthln the church, continue to undergo Safeguarding training. The connexion have introduced EDI IEquality, Dlversion & Inclu51onl Tralning and this is being rolled out to the relevant officers, wlth plans to enable in-person as
Unlted St rt Cir¢uit Re ort of the Trustees for the Year Ended 31Au st 2024 well as online engagement wtth thi5 materlal. Transformlne Church and Communities have been retsined to manage day-to-day cirturt finances, and the current account has been transferred to CAF bank. These changes have enabled much more effettlve monitoring of the circuit finances. From a financial perspective, the Managing Trustees consider that the performance of the charity this year has been satlsfactory Ven work in previous years to identrfy and understand the deficit. The sale of properties and the repayment from the pension fund have resulted in a cash fvnd that provide5 a reseTve agaln5t fLwbJre defiuts as well as ensuring that planned actNrties are covered. Stipends and salaries have been overed, Clrcuit property managed and kept in reasonable repair, and external expenses lincludlng the DSstrlct assessment) covered. The trustees recognise that this reserve is subjert to a district lev and whi15t enabling continuing operations in the short term, tt 15 finite and daY-tdaY expense5 continue to significantly outstrlp operating income. As such the trustees contlnue to be engaged In a programme of reviewing the life of the circuit and the level of ministry and other employment to work towards a position that Is sustainable in the long terni, and commit to making a detailed report of the plan going forward to the clrcutt meetlng In March 2026. STATEMENT OFTRUSTEES RESPONSIBIUTiE5 The trustees are responsible for preparing this report and the financial statements in accordance with applicable law and United Kingdom Attounting Standards (Unfted Kingdom Generally Accepted Accounting Practieel. The law applicable to charities in England and Wales, the Charities Act 2011, Charity IAccounts and Reports) Regulations 2008 and the provislons of the trust deed requires the trustees to prepare financial Statements for each flnanclal year. The statements must give a true and fair view of the State of affairs of the charity and of the incoming resources and applicatlon of resources, including the income and expendTture, of the charity for that period. In preparing those financial statements. the trustees are requlreé to.. select suitable accounting policies and then apply them conSIstenY- observe the methods and principles in the Charity SORP; make judgements and estlmates that are reasonable and prudent- prepare the flnancial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in bu5ine55. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracv at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charfties Act 2011, the Charlty IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitles. Approved by order of the Circult Meetlng t)n 30 kn 2025 and signed on its behaH by: Rev. Dr Katharine Smith
AppendlxA Managing Trustees Z023/Z4 The trustee5 are the rneMbe of the Circuit Meeting as set out below as at 31 August 2024- ircuit Staff ev. Catherine Bird Isuperintendentl. Rev. Lindsay Kemp, Rev. Dr. Ral Patta, Rev. Dr. atharine Smith, Maggie Thompson. Janet Amey, Judith Laycock. ayne Quinn, Carol Jack. Rithard Goodall, Anne Goodall, Richard Price, Michael pinall Ircult Stewards eo of Clrcult rnty ea of Prea¢hers' meeting Ircult Treasurer Ircuft Property Sec iz Delafield Ja50n Smf(h Ircult Safeguardlng Hugh McLaughlin Isttlct Rep (Layl Andrew Stoker avenport ialstone Lane Edgeley Hazel Grove eaton Mersey eaton Moor arple omllev he Ridge Indlehurst oodley udith Mottram. Eddie Partlnglon. Colin Lewls atrlona Stoker, Jane Hollins. Dave Bryant Mavis Hammond, Penny Ollerenshaw, Margaret Foley ayne Quinn, lan Chester, ludtth Adshead ulie Dickson, Sue Ainsworth, Anne Cowlishaw ue Jones, Deborah Symmons, Carol Jack phil Le Sueur, Philip Singleton, Meryl 81ackbum ohn Owen5, Jennifer Crutchley, Richard Goodall Peter Johnson, Bob Qllerenshaw, Janet Fidler 8ernie Rowlands, Graham clarke, Helen Stocks ohn Purves, Lynne Sty5es, Elaine Cleary
United Stockport Circuit Independent Auditorfs Report to the Trustees of the United Stockport Clrcult Oplnlon We have audited the finanGial statements of the Unrted SAockport Clrcult (the 'oharllY) for the year ended 31 August 2024, which compllse the Slatemerrt of Financlal Activity, Balance Sheet, Slalemenl of Cash Flo and Notes to the Financial Statements, induding a summary of 5ignifittanl accounllng pollcies. The financial reporling framework that ha5 been applied in their prepaTalion is applicable law and United Kingdom Accounting Standar(Is comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (UnTted Kingdom Generally Accople Accountlng Practic81 as amended by the requir&ments of Methodist Conference. In our opinion the finanaal statements: give a INe and fair view of the stale of the chariws affalrs as at 31 August 2024 and of118 income and expenditure for the year then ended- have been properly prepared in accordance wrih United Kingdom Generally AGcepled AOUntIng Practice,. an(1 have been prepared in accordance wlih the requirements of the Charitses Act 2011. Basls for opinlon We conducted our audit in accordance International Standards on Auditing (UK) IISAS (UK}) and appllcable law. Our responsibilities under those standards are fvrther describeé in the Auditor's responsibilities for the audit of th8 financial statements section of our report. We are independent of the charity in aordanCe wth the ethical requirements that are relevant to our audit of the financial stslements In the UK, includiro the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance wlh these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to Pde a basis for our opinn. Conclusions relating to golng conGern In auditing the financial slatemenls, we have conduded thatthe tnJst8es' u$8 of the golro cor)¢em basls of accounting in the preparation of the finanual statements is appropriate. Based on the work we have performed, we have not identrfied any material uncertaintles relating lo events or conditions that, individually or collectively, may cast signrficant doubl on the charitls abillly to contirtue as a going concem for a period of at least fvve months frorn when the original financial statements were authorised for issue. Our responsibilities and th6 responsibilities of the trustees wth respect to going concem are described in the relevant sections of this report. Other Informatlon The other information comprises the infonnation induded in the Trustees. Report, other than the financial statements and our auditorfs report thereon. Our oplnion on the financial statements does not cover the other information and, except to the extenl othewse explicitly staled in our report, we do not express any form Df assurance conclusion thereon. In conngction with our audit of thefinancial stalements, our responsibility is to read the other information and, in doing so, consider whether the other irrfornialion is materially inconsistent with the financial statements or Dur knowledge obtained In th8 audit or olheThMse appears to be materially misstated. If we Identify such material inconssstencies or apparent material misstalemonls, we ar8 requirod to delermirne whether the is a material misstatement in the finarnal statements or a material misslatem8nt of the other information. If, based on the work we have performed, conclud8 thal there is a rnalerial misslalemenl of this other infomation. we are required lo report that fact. We have nothing to report In this regard.
Unlted Stockport Clrcult Independent Auditorfs Report to the Trustees of the United Stockport Clrcuit Opinion on other matter prescrfbed by the Chariliès Act 2011 In Our opinion, based on the work und8rtaken in the course of the audit: the information given in the Trustees, Reportfor the financial year for which the financial slalements are prepared is consistent wilh the finarrial statements.. and e Trustees, Report has been prepare(l in accordance wtih applicable legal requirements. Matters on whlch we are requirnd to report by exceptlon In the light of our knoedge and understanding of the charity and its environment obtained in the course of the audit. we have not identffied material misstalem8nts in the Trustees, Report. We havo nothing lo report in respeLI of the followiThJ matters where tho Charities Act 2011 r8quires us to report to you if, in our opinion.. adequate accounting r8cords have not be8n kept, or returns adequate for our audit trave not b88n received from branches not visitgd by us.. or the financial stalemonts are not in agreement vitth the accounting records and retUrn5," or Gertain disclosures of Tnjstees. ReTnuneration specrfied by law are not made,. or we have not received all the information and explanations we require for our audit; or the trustees were nol entitled to prepare the financial statements in accordance with the small companies regime and lake advantag8 of the small companies, exemptions in preparing the Trustees. Report. Respon8ibilities of trustoes As explained more fully in the Statement of Trustees. RespDnsibilities Isel out on page 81, the trusteeg are responsible for the preparation of the financ1 statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstat8m8nt, wheth6r due lo fraud or error. In preparing the financlal statemenls, the trustees are responsible for a5se5sing the ¢haritl5 abillty to continue as a going concern, disdosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the truBlees either intend to IM4uidate the charrty or lo cease operations, or have no realistic altemalNe bul to do so. Auditor's re$ponslbillties for the audli of the financial statements Our objectives are lo obtain reasonable as5ufdnce about whether the financial statements as a whole are free froln matBrial misstatement, whether due to fraud or eOr, and to issue an audilorfs report that Includes our opinion. R&asonable assurance is a high level of assurance, bul is not a guaranl8e that an audit condLFCted in acoordance with ISAS {UKI wll aVayS delect a mal8rial misstatementwhen il exists. Misslatem8nts can arise from fraud or eor and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic d8cisions of users taken on e basis of these financial stslements.
United Stockport Circult Independent Audltorfs Roport to the Trustses of the Unlted Stockport Circuit OUT approach to idonlrfwng and assessing the rlsks of material misstalement in respect of irregularities. including fraud and non-compliance with laws and regulations. was as follows- the engagemont partner ensured that the engagemenl team collectively had the appropriate competence, capabilities and skills to identrfy or recognise non-compliance wth applicabl8 laws and rogulatlons., ' wè identrfied the law3 and regulations applicabl& to the charity through discusslons with trustees and other management, and from our knoedge and experience of Ihe charity sector. ' We focused specrfic laws and regulats'ons whth we considered may have a dlrect Mate21&ffect on the financial statements or the operations of the charity, including the Charitles Act 2011, taxation legislation and data protection. anli-bribery, employment. environmental and health an(1 safety legislation., ' we assessed the extent of compliance with the laws and regulations identified atve through making enquiries of management and Inspecting legal corwpondence., and that id8ntified laws and regjlations were communicated withln the audrt team regularfy and th@ team r8mained alert to instances of non-compliance Ihroughoui Ihe audit. We assessed the susceptiblllty of the chaiitls financial statements to material misstatement. Including obtaining an undgrstandlng of how fraud might occur, by.. making enquirfes of management as to where they considered there was susceptibility lo fraud. their knoedge of actual, suspected and alleged fraué,. considering the internal controls in pla to Mgate risks of fraud and non-complian(E with laws an(J regulations-, and ' understanding the design of the charitS remuneration pKJlicieg. To address the risk of fraud Ihrough management blas and oveIde of Gontrols, we: ' performed analytical prccedures to Ident[ and unusual or unexpected relationships," test journal enlrles to Identify unusual transactions., assessed whether judgements and assumptions made in detgmiining accounting estimates set were indicative of potential bias,. and investlgaled the rationale behind signrfi(xrrt or unusual transactior. In response to the risk of irregularities and non-compliance wilh laws and regulations, we designed proGedures which induded, but mt limited to.. ' agreeing financial statement disclosures lo undedying supportlng documentation., ' reading the minutes of meetings of those charged th g)vernance" enquiring of management as lo actual and potential litigan and daims. and reviewing correspondence wth HMRC, relevant regulators and the charity's legal advlsDTE. A furtheT description of our responsibilities is available on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilttie5. This description fomis part of our auditor's report. io
United Stockport Circuit Independ8nt Auditorfs Report to the Tru5tses of the United Stockport Circult Use of our report This report is Tnade solely to the trtJStees. a5 a tmjdy. in acwrdance with the Charlues Act 2011. Our audit work has been undertaken so that we rnight state to the trustees those Tnatters we ar8 requlred to slate to Ih8m in an auditor's report and for no other puSe. To the fullest extent perrnitted by law, w8 do not acc8pI or assume responsibilty to anyone other than the Gharty and th8 charWs trustees as a body. for our audit work. for Ihls repoTL or for the opinions w8 have formed. Paul Roper (Senior Statutory Auditor) McKellens Ltd 11 Rlverview Th& Embankment Business Park Vale Road Heaton Mersey stockport SK4 3GN 30 June 2025 li
Unilgd Stockport Circuit Circult No 19 2 Statement of Flnanclal Activities (SOFA) for the year ended 31 August 2024 Not•& to th• Goneral Fund nrwtr1¢} CiTCUit hlodql lknignatod Trust Funth Restrlcted £ndowmoDt Fundi Total 2023Q4 Incom l Donationts ltrgaths 2 Income from monotaryTrvestment5 8a Inwme frryn livBslment propèrt$ 3b Incorth asset proF4rUes 4 A5S8S5ments on Churches 5 Capltd RecBipb 6 Grants e1Ved 7 OtherCh#ritab InctrnÈ 7a SeNic8 7b Sporbwrshlp 8 TO Incomo 5,IfQ 4,2 8,1 64.6T5 279,619 Z461 7.620 63,199 8.100 64,675 279,619 617 110 12,1100 111.302 06 1,953 552,975 13201 .101 379.S17 l¥Q427 1461 14.uo Expendlture 9 Sranlg doDgNons 10 Sal8rlès and as8(atsd eogts 11 Propgrty malnlenarre 12 ConnexiDnal ass8sBtnent & rnulBI 13 Dltr. Asse$smenl& L6Yy 14 Deuredation 15 Office exn$8$ 158 Int¢rest P8yable 16 Olhgr (xrtgoings 17 Total ¢harltsblo expondthjre 18 Gainslllosyeyl on $ab of fixed assets 19 Gain31I10389s1 on Inve8trntnt PKP8rtt8S 20 Ngt Incom(eXpdIknj[O1 21 Trdnsftrts funds 22 0th6r gaSnslllo3sgyl 23 NBt movement In fund¥ 24 Tota funth LYDUghtftirvrdr 25Tofal lundscaThled fonvard 2.497 249.453 98.614 T5 3.1n .791 &511 11J7.125 1,*ts,444 1.9)3.4H . . 10,814 10,814 4k340 127.B19 2,523,152 299.598 2,099,815 42136 43.7T1 1.947.É16 1V.078 61.828 14.641 21,432 491776 2.O99.81S .113259 2,847.759 1,450.826 4811.814 7:021.7BO 2.609.936 15 2,N.124 51.828 -1,450,626 -1,022.29 7,514,369 6,492,078 3.404,148 24.033 3.428.181 .7,740 449859 441219 1855 18.597 11,742
United Stockport Circuit cIt No 19 2 statement of Flnancial Activities (SOFA) for the year ended 31 August 2023 Not•s to Geral Fund (Unrestrf¢t8dl ClrGull IAod¢l 0t•d Trust Funds IUnrestrlcWI lunrestrld•dl aceounts Rèstrletèd EAdDwmgnt Funds Fund$ Total 2022.23 Incom8 1 Dw¥iion5 bgari6s 2 Incom8 frorn tnonsfary in¥95tfr 38 Incomofrom inv88tmtrnl propertltrs 2b Income from ffxed a88el kYop8rM88 4 A8&ernents on Churches 6 Copttal Rergipts 6 Grant8 f8cèDfèd 7 Olh8r Charitab kncome 78 Servlce 7b Sponsorship 8 Totsl Incom• 10 6,IX13 3.130 9.735 4850 27,143 2Y&O47 1.003.432 1,000 11443 gD,920 B,604 2,057,104 27.143 298.047 i.sn.187 24245 13.443 . ,920 1020. ZT?75 9,127 Expenditure g GrBrrtB and don8fjonu 10 Salaries asClat8d Ix>sts 11 PrDp8rty mainl8nance 12 ConnexS)nal assessm1 &Thodel Irjst 13 DlthctAsse¥gment & L 22e6 304,384 225,S22 2.261 341,381 233,080 6.SJ2 70,811 36,WJ7 70.818 15 Offl¢e expense5 16a Inlem81 payable 1fj Other outgoings 17 Total charIle expend1? IB Calnslllossesl on monet3ry nvethert 19 Galnslllo888s1 on invethent properues 20 Nfyt Incoml8xpsndttur¥l 21 Tr4nyfers bet4Ve8n funds 22 Othpr gain51lloeS> Prforparfod adijsknènl 23 N8t rno¥emtht In 24 Tetal lunds brought for¥%*rd 25Totl funds caiwled lo81d - 2S,257 25.257 15,885 30,068 725.2ft7 -10 15.885 3,601 64.041 . 24,943 653.1gxi -10 1.058 1.05B 1.367A03 20.377 -1eiJ.000 44.041 8.069 1.331,808 18 -41)17,903 4.017.9)3 4.eS4.$00 8.876,280 7,021.780 -139.62Y 161656 8,069 ID.528 18.597 -1.686.095 9,200.464 7.$14,369 . 150,000 449.959
LlnltBd ar¢ult Clrrutt No 19J Balance Shoet as at 31 August 2024 Fu Totll 202¥23 2023124 2.794.#51 165M 4.495,428 '.rwBsthÉntprop& InvDsknts 165.C TatyiiJx•dus 59.0 2..Y1 7,52ID2 CurnntA¥¥ $1695 29.752 1.80D .163 172.¥86 34,311 Z1I031 LosThSbytieQIt livetheDtsMrfthTMCP 11.742 3A39.923 -1Cé.132 .2a.V16 -287A1J C8BhatBEnkarIntt r¢t71•S$ts 70,318 1614 11.742 12 91.792 28,151 r4nts 61,702 449,115 4421• 11,742 3,$,128 247,841 4¢21• 11,741 2,078 7,7710 LoThgtsrmfiabilhiis dueaft£i more thaTrone ts wy4bl¥ ort¢12022-23 )rwi 2825 If•J9.03G W&181 11.742 W2M78 370 Gon8ral FJnu 7021.7EO 24.033 449,9?9 7Ng4772 3A28.'81 442 21è 40Q337 11.742 442219 Rpsmtted Fu9 Enthin¢nt Fde 11,742 T¥t4lFuhds 2,109,936 1428,181 11,742 0.492,07 7,51IJ69 SvJned Circ¥it Trea8ur8r
Unlled Stockport Glrcult Circult No 19 2 Cash Ilow statement for the year ended 31 August 2024 2024 2023 Statsment of cash flows Note Cash from operatlng actlvltles Nèt Ca8h used in o amti -1.811.3Bg -148.572 Cash flow5 from Investlng actlvltleB Dfvldends,interest and rents from Investrnents Procaeds from thè sale of property,plant aThJ equiwnent Purchasè of property,plant and wlFThnt Purchase of Intsngib19 8S89ts Pr¢)ceeds fr¢)m the of Investmts Purchase of inve8tments Other -135,974 5518417 41.758 Net cash provklgd by Invgstlng aetlvlti 5,382,443 41,758 Cash flows from financlng acuvltss New borrowing Repayments ol borThAr¥J -2e2,500 Net cash u¥td In flnanclng actlvltles 462,500 Change In Cash and Cash equSvalents In the reF)Qrtlng perlod Cash and cash equivalents at the beginnlng ol the pOrtA ter1(1 Cash and cash equivalents at the end of the r¢portlng podod 3,3D8,554 242,480 3,551,034 -190,330 432,810 242.480 2024 2023 Reconclllatlon of not Income to t7et cash flow frorn o Tatln Net Income for the reFXJrting pertij l as per statement offir adivthsl Adjustments for: D8pre¢iatK)n and amorti8alon Glarge Profit on the sale of fixed assets Loss on the sale of fixed assets Profit on ihe sa16 of Investment properttes Galng on inv6Stmènts Revaluations of prop8rtS Impairment of investment prwrty PYA to P&L re loan Capitol recelpt of churchlesl transferred in DiVidd8, interest and rents from InV8stsents Decr8ase1lcrea58I in 8to¢ks lincreaseydecrease in debtors Increaselldecrease} In credltors -1,022,290 -1.686,095 -299,598 -2,099,816 1,450.975 3.017.903 -1,535,720 41,758 135,974 42.144 55.511 1.881 11,701 Not u$8d In OPernn9 #ttl¥ltloS -1.811.389 -148,572 2024 2023 Anal Is of cash and cash CAsh in hand Short tertn deposSt Oess than 3 Total h and h gquivalents ulvalgnt 70,318 3,48D.716 3,551,034 34.311 208,169 242,480
United Stockport Circuit Year ended 31 August 2024 Circuit No 19 2 Notès to the Accounts BaslJ of accounting ThB flanal statements have been preparyd kn a¢¢Y)rrtAn( wlh and Repwti¥ by 6s'. Stalement ofRecommended Pra¢titye appl¢ab to Ghwties prepar1 thra)unt5 in Accordancs Rwybw Stwd¥d the UKand Repubjlc of kg18nd IFRS1021 lsffeGifvg l January 20191- ICharfti68 SORP IFRS1tr211, Ine Fknanthl Rep(KUng In the UK and RqiuLoflreland IFRS 1021 ond the Chjrlie Act2011 B8 rnoclfied bythe rew8ments Mfth0tc.rth. 2 Funds Unreth¢ted 1r.come gen$r81 fwwls artr isa attr.9 In1895 fijrth8r ofts tsf thtr Cktutt. Thè Clrcuyc Model TruBI FLrt h35wide pyrp¢)w ¢efin8d InSIJj Lkn as UrrestrictL Da$kJn funots B uThre5tddgd ¥etaBKlg f[T6[AllpOSesStthedsfSÈkncrfth8 trwsi88S. RBsliutgJ funds a iknatsd fw use hi a ParLr BreA w[89, thè w ofYAlth ts rnstrictsj tD weg (Y pufpDSg. Dfytqll$ of each m8lerfalfiThl ore dèdosed h)tt tlIXst0theEO cOUnts. moy rw¥fy8tOd by mce I( tssh. Tkwe ere no EndwnBntfdn¢5. 3 Accountlng pollclgs A8asl8 UnAed StockpDrt the d9rlan ot a putr.c bnder FRS 101 17 aCnis ha¥e bè#n prepared NSt4r1 L>75t ConVetsn wth Items renI¥¢I al wst ortr8rwtwM ¥8• ststed rdevant Th)tBl5lto ihfra¢counts. Consolldatlon Th ar¢u5t hag dewrnlnaUOr regukRlory ti97n tespBdrfthe th d.tr.e churth9stn thB CtrwKbuth8¥ rn ¥4 oropwationa1ntrol Dfthoso Churchi6 and thr gov8rn1 bod except In extreme d1oJmstan wson, statern of Churche5 Wthln the Glrcuit are not ¢onsoldaiod intottr ffi8n¢i81 St89n. Going conc8rn Desle ongolng d8lctt4 Ihe has resw¥ts hkjh assets.Thg trus1 8re rxrfdwrtth81 the charty¢an ojntknutr lo op8ral8 for a nLmb8rofye&ts. Incoming Resources In¢om• l¥ indidad h Statement ol A(thes ISOFAI ¥hen t Ckndl bec b) tho res£65, aThJ the trne are reasonably c£rtaln Iheywlll receelh2 resourees: 0[Y¥ b8 rrasiTed sJffKa8nt relth"Sty. glftg In n0 aro t]¥od, theEe ara irLluded kn 2023r24 r¢M)ms at Ti¥t Dob Methodlst Crch pald forw& on t6$ rc<ors aa wst £4.2(kn ri202&24 8 mtr6lEr d&knd b a¢c8Pt N0xhfvf8O¥ of£390. Both 0fth hEvp iwn reLgnLed as gifts kn knd. Resources Expended Th5$ 1$ rEni when a IlabThty ts Irr6d, or a eon5knJpJNe thRt reslts kn tr pay)wnipMYJ (01ab1e. arn regnIsed as s(x)n as An oulnow of ccThbJored t1 the g or constsudlve oblbJth o)mmMng the ClrcJtt to Pay Lrt r6$our¢tss. VAT tha CIrCu * notVAT reJstW8d, al IrwtVAT dtywkntheeXpen lirekn.
United Stockport Circuit Yèar ended 31 August 2024 Circuit No ig 2 N¢)t8J to thg Accounts 3 Ac¢ountlng pollclos contlnued... Grants Grants madè by the (ThroJfrcxr rA¥n fvnds hfjjlatthotirne orTth G¢ta¢¢¥BI thB kyJBioroperab'onal lo mak8 tho paymgnt. Pgnslons Th8 8¢COUrtts In&ude costs [8ting IJ pensw Ihs yw 01£46,834 on behaff of ernpb5ws. Twog¢hgm&5 ntrt to.. payments Df£5,18210 a deffned contrtrAnkn s¢h8m6 for Ler5 Bnd È41,S5110 Scheme IbAMUSI, 8 dofingd bongfft for minlsters. For tho tsfflnpd xthgrn9, thg charfty ha5 Th) rtskkvJ ils &ThY tng aw>s¥ tht lh8 employee's conidbulons. The MMPS 9hould b8 ac¢ounted as è ¥Y¢up th as althe pgrbota empW8. naw thg ¢XTxIts CourKAI, wder thg wrnmon conbDI of the ConfgtellGe. Bacausg it pllrt ora mulwipw 8nd the spwaThc to IN# Mt Wdlwe. paYTlS have 9180 beeri aCWJnl for88 a CobUt¥ stheme In accOrdW c1w8S SORP. At the LqSttrtnl vallatkn 31 AugLBt3)20, thtr mthyJ de1 by£14m. The M8llJodtst CourKII agreed a re¢(Mry Flan and tarm thg Schem8 In Iwl 2022. Thg tsL4ts of condonal oyor 6 ye8 fund frorn the Pertsion Res8rv8 Fund ofTh8 MettwAist c[th ir Great Tr.8ro18 agreem1 Orstatl poltyfrth8rglno dgfjrn8d bOfit ¢Ogt8 Mlnlstgrs'm4nse Gosts The cfrcu Is iequtr&l k) Pro$ ac¢cTh>jatk kffjrislBr n the aTrJ thts 15 sèen as a benèfit lo CIFYwlt. Mnisto1$ aro trxp8cIBd to aCjpyth8 man68 prided f¢r Ihem. The clillboar$ (Xtr3, mant2.Dve. buYdlrKJ¥ iruranw CouwAI Tax and water Larges. The3efloJre¥ a,'e not separ#tety(S¥th$ed a5 benedts in HURC th rx>tsklO taxtrSe rei4pts In the a8nd¥ ofmN$ltsrs. Tanglbl• flx•d aststs for us• by the cIrll TangibfafixÉd a$Èots aig they can be u¥d f( mtyo th9)wr, rxtaf kn1£1.OryX Proptrtists tre shomn in the aOunts £t cost or. cosl tKt krKThffl. al T)enl C09f. t¥gu8d ty tho in Octobw 2019 'A¢,.1ng for FiKed kngts. BtateB th31 Deemed L% the ¥atue at 1st SWn 2015. The tand rnent * not 9Wn a& 8 separate EmTht. No deprlat)n1g wowd on thtr LIdI6 Ihe trusbes cofj8hJ8r th8 turBr.t restha f•rvUe ofthe bU11n9¥ the assumpibn that Ih8yhad reached Ihe end of tsr Jseful e¢(wnk IvB5 -1) to be t Ihan 18bM. depreckn woukl ncA bB m8tsrW. Th6 Dpertles have be£n reNed hrknpaInL IV1¢t Pmperties From timeto lime the arCt may be reqw b 5wne reSslraTTth psesIrAb ra0 and cessation ofworsNp. ThIB re8ullkng kn the ullt4Bcoming Managiw Trustees forthe propety. TNS propeth k8 the xcounLE as Invesent propprty until Ihgfvtutg of wopariy fleterrnkned orthe gokj. Prop8rbes are at hywotfThla al&val9. When Cost Mt thr¥n. propèth$ ar8 In[40&d ai 'Deern£d C05f UPAW t 68r Degtrxd Coslas nthd Pts$8t¥ PL4iGy aknye, InVeSOnt wopgrties arg lowewed for kTnpaiment Inveslments In¥&¥kn8ntB are wau8d in the bakne 8hgetat maFkel¥akne atthEW. 1th5knrt1nCThI5 1x1ed kn reco*& and aw g8ins or knsses on revakthn attheyewowj ara £h(y. th fvSOF 17
United Stockport Circuit Year ended 31 August 2024 Cirrxjlt No 19 2 Not•s to tho Accounts 4 Paymont to fru$l¢•$ and r•lated party transactlo Ther2were no pgwnents modoto fDrad+kn4 S¢41 wo¥Wto th8 Ck¢uA kltièting. Th13 exdudes Bfjp8nds. TnJstee exp8ns8S 2023124 12 Numb8r of Trustees Total amount 12 £9.182 £14,tr24 Srherne. Tho C¢unh rya91 Ihg b90e8p1r g¢rylr ofTrtsknrVdCtry KcmUn8S(yCc'y, atharfy wbted bythe lhO$t(alUrtth of Gal Brlain and forméd Ès B new ThI8penthlvb87. C &rd, a trwle8fltheCtrr1 Lg8J80 a ofTCC. Durfng 2023124. ofZ7.500 were payable lo TCcI22W23 £8,2WI- C Blrd L4 aL%o a twstèè Llh& MBnthester And Sto¢krKrt Clit lowlthi ts 188e5¥Mt#8SOS$Men1 ill pBylltrAfy wh yoor.Tho Mancha5ter and Stockwt Dbtrkl made 8 c0ntrbUtt £¢£13201 IWtr3£13.3181 to th8 dwi1y resptr tyc Bbd tolw workMIMthe Dklrkt 5 Fees for •xamlnatlon •udlt ofthe accounts 2023r24 2022123 Independent examknerf¥ audttS. f8e8 lor rnporkng ¢Jn lh8 accounts oth8rfee818g'. 8(fvic, a¢wuntanLy s¥8S) wd to th IndepondentexamlneroT aud 3,900 NIL NL 6 Pald employèès staff Costs pald durlni the yoar WWB: Gross wages, salarkn {1 bfft In kTrJ Employ&s Nakn"onol Insurance costs 2023r24 2022123 226.WJ7 266.422 22.419 P8nslrffl costs 47.166 TDtal stAff (xjsts 335.675 Avorage number of •mployees In the ywwere: 13 The$8ri&S oflwstoff who are gmpb>d paNI TIM5(X>BtLsth(ty toth&Clr¢ul and re¢harggd toth8 ¢hurLg. Bt¢auseofths, in the have Lwigxthknlfrwstsfi¢c¢L tr wrfrespondlrvJ IncfjTh8bo 8xduded. 7 Capltal Rgrolpts Therewere no c8Pttsl wlpts 2023124. InthB prKK>f2r, r reedtts 5,720 bekng IhB D8wned Cost rfJutHe Cthh, t¥& wN¢h came undgrlhe rnanang trwtethp olthe ¢¢4n$ that>rar. tho 'ed kn 2022123aTr8mrAmts h respect Dftho (lh8 bsnk ounl tte byTrfnlty Chutth End Ihe ClroJtssh3rA of1J9( IhpdLWP ofCluwth R<hh. 8 othor galn8lllossesl olh0rgaln8lltes> rd8tos to• knpmonl In Ln WMEed In rwaofTfvKtDth ChLYth. In 2022Y23. othw aalnl88ssI ralatad to ImrM In VBk r8wis&J in res*of 5t Jlkn's Chuthand Jubike Church, Ma9. $1 John's Chirch was sokl Srtaartha hw¥r.d and tr.e inTHrrneAt rewbeslhesthiYoL¥pd5 vahjafjon ofJthwleB Church waG undertaken In January 2024 arA An lTrwairn¢n'. re,.10 rthtthi5 18
United Stockport Circuit Year ended 31 August 2024 Clrcuil No 2 Notes to tho Accounts 9 Tanglble Ftxed Assets Cost orvalualon PA$nts on ¥GGOU ond 4s$8ts und Churthos Ilan fftlln95 and •qulpmont Totsl BBlan( broughtlorward Addiuons RevaluatK)ns 11-1 Impairment l-l DisposaL81-1 Transfer8'11-1 Balanee c2rriÉd ftrrwartt 1,960,975 2.534.453 4.495,428 1.450,97S 1.450,97S 250,402 250.402 510,0 2.284.051 2.794,051 Ac¢umutat¢t1 dopreclallon Balance brought forward Deweaatsi charye for yaar l. Rsvsluallorts l+l-I Disposats l-l Transfers" l+l-I Balan(% carried forward Net book value rought forward Carrfgd foNwd 1..975 510,000 2,534.453 2284,051 4,495,428 2,794,051 Th8 ¢hur¢h Inthded as a IBngbbfixed8si knthe Circurfs LsTNbtDM¢lvyJstChJth kn &acport Included kn wnglbbfLKgd a8setsare 7 mwg12D2>. 61. Tknyj tsfth&r sre knhrld thtr r8m&rAJeraT freehokj bulklngs. Tho Deemed C051 ofk•ehoW property8ltrNI £63B,78312023'. £638.7831. Onq rrwwwa& SO tl .
Untted Slockport Circuit Year ended 31 Augusl 2024 Circuit No 19 2 Not•s to the Accounts 10 Invo$lm•nt a¥sS•t8 P8yM•nts o accournt and as88ts under cDn51Nctlon hur¢h fftlln95 and gqulpment Totsl 8lan¢e trowht fowd Addlor 3.033.601 3,033.801 Ravaluattons ll_I Imp8irn18nt i-l Disposals l.) Transfers. i+l-I Balance cathed forward 2,868.601 2,868,601 165.000 165.000 Tha chrches In¢ded * In¥estrn8nl a8S8t8in I cNJrth Otthoj(2023. 31 Jublaa Ckwh, Marple. Thk church cane Lyrthe Menang trusie8sNp oftr.• Qr¢Lltcw. 13JLre2D23. AD. Imp0knntt0 Downod Cost ofttms urch wgs r¢cOgn h 2022r23 actxunts in Ilofa Jry)wtsk 2a2V24. Trfnlty M6thodi8t Chureh and St JDhnb Church wor&8okl ththrYJ the r. 11 Debtors and Propayments 2023r24 2022123 Dabtors l¢hurch assessments and rethargBsI 8tipen(b paid sn a(fvall by thurches pr8paym8nts and incom 27,520 10.141 17J70 19.611 18.8( Total debtors 63,695 29,752 12 Cr8dltors 2023124 2022r23 Cr&dltors 13.807 Accnjals 17,368 12.384 Total cx8ditus 81.702 26.191 13 Loans to the clrcult 2023124 2022r23 Method15t Cwel Aid Total loans lo Ihe orcuit 262, 262,500 Th8 Clrcult look out a low Mpthotst Ghapel Aid to as5iStw5th the purcha6g th8 sale woNeds from sale ofa separate manse. 14 Capltal Commltments and Contlngent Uabllhl•s At Ihe 31st August 2024 there are M wrfal comnlbnonts a[ no Id8nhfied at 31stAugust 2024. 20
United Stockport Circult Year ended 31 August 2024 Circuit No 19 2 Notes to tho Accounls IS Analysls of restrlctèd &nd dèslgnated funds Opening Incomkng Balance Resourc 2023124 Fund Nam Other Closlng Balanco UnrestdGt8d I18 General Fund Clr¢ult Modol Tnjst 7,021,780 24,033 379.517 1555.841 492.776 -1,947,816 .1.450.828 -2,847,758 2.796.124 2,609,996 3.428,181 Unrestrkttyd deslgnal8d fund5 USC MIs51on fvTh Stockport town c8ntr8 mlnistry USC Sponsorship Mans8 m]ntenanC8fUnd Hong Kong F8lkh¥shlp $$ignatFLI 150.1)00 290.959 149,925 7JS.475 5,756 21,628 29,435 442,219 -56.082 4244 21,628 30,ON) 51,628 -2.428 41,829 449,959 2,461 Total unrestCd 7,495.772 2,937.818 -IS)2,421 6.480.33T Restrlctad Fund• Funds h&kl by TMCP stockport centr8 min18try USC SpoDsorshlp S(th8me Hong Kwg FelkM5hip Total rB5trlct?d 11.151 617 11,742 7.446 11.IK)D 14.511 -11,000 -21,432 18,597 11.742 Total funds 7,514,369 2,952.389 -2,523.852 1450,826 6.492.U76 CornparaUv8 any515 of restricted and d88ignatad funds 2tr2W23 Fund Nam Openlng Incomth)g Othor k8ses C1081ng Balanc8 Tran$f•rs Unra8trlct¢d luMI$ General Fund Clr¢uit Model Trust 8.876,280 163,656 2,020.603 27.375 453,190 4.017,913 -2tM.OOD -160,000 7,021,780 24.033 Unre5tr1ctod d8slgrated rum1$ LSSC MISS Crarrt Fund Stockport t(%M) cÉAtre rTunistry USC SponsDrshlp S¢lHne olherdèagnated De51gnated 150.(K 150,0 290,959 9,000 4.041 150.0 -64.041 364,IX)O 449,959 Total unr•srrictsd 9,189,936 2.047,978 -724,229 - 3,Q17.913 7,495,772 Restrtcted Fund8 Funds hetd by TMCP USC Spon8or8hlp Schw Totaj re5ts1ctsd 10.528 7,446 18,597 10.528 9.127 T<*81 fur£ 9,200.484 2,057,105 -725,287 3,D17,913 7,514,389
United Stockport Circuit Year ended 31 August 2024 Clrcuit No 19 2 Notes to tho Accounts 15 Analysls of r•strlcted and d8•lgnat•d funds l¢ont) 2023r24 In 2022124 a n8wd8skJnated fund wa¥ estabr MntenanC&Of MarS. In 202¥23 a newdg&lgnatsd fwd was e$tsblW StrK4th TO Ceptre ngwry. Thb provldes fuThJlng fora dgacon ad other4>)sts USC MI85 Fund k8 towalds mY8sK)n d8¥ekym8Trt Th8 USC SpDrwrship Sth8rn8 r8 5UFpoW a rafw laTnl 16 And1$ of n•t èssgts b6tw¢•n funds CIrcu IA(rflel Trust Unrest De8lgnatsd Funds unYestrJcted 31.D8¢.24 Genoral Fund tunrestrfctedl 2,794,1 165,C0 -267.413 -81.702 R88trlctod Fund5 Total Tanglblg fixed 8888ts Flxed asset Inv&slm8nts Currenl assets Current liaL¥lili8g Long term liabi1th8S Total net a558ts 2,794,051 165,(X)O 3.614,729 41.702 3.428.181 442.219 11.742 2,609.936 3,428.181 442.219 11,742 6.492,078 ClrGUit Mod Tntst Unrestsl 31.D&¢QJ G•n6ral Fund IUnr8Strfctedl OÈslgnd Funds nr¢s Fund8 Tan&¥bl¢ Jxed assets Flxed asset investmefits Qurrent assets Gurrent b11th$ Lon9 liablitkns r(*al nèt assets 4.495,428 3,033,fA)1 -218.558 6.191 -262,51X) 7,021,780 4,4%,428 3,033,601 274,031 6,191 -262,5(Kl 7,514,369 24.033 18.597 18,597