2023-08-31-accounts - The Bramhall And Wythenshawe Circuit

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			Notes to		Circuit Ilodei	Designated
			the	General Fund	Trust	Funds	Restricted	Endowment		Total
			accounts	{Unrestricted)	{Unrestricted)	{unrestricted)	Funds	Funds		2022-23
Income
1 Donations and legacies				24,000						24,000
2 Income from monetary investments				3,503	4,866					8,369
3 income from investment	properties			42,227						42,227
4 Assessments on Churches				321,867	6,500					328,367
5 Capital Receipts										0
6 Grants received										0
7 Other charilable income				95,716
8Total income				487,313						498,679
Expenditure
9 Grants and donations						12,445				'l2,445
10Salaries and associated	costs			219,690						219,690
11 Property maintenance				30,598						30,598
12Connexional assessment	5	model trust	levy		5,159					5,159
13District Assessment & Levy				88,637						88,637
14 Depreciation										0
15Oflice expenses				4,466						4,466
16Other outgoings				103,760						103,760
17Total charitable expenditure				447,151	5,159	12,445				464,754
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net income/{expenditure)				40,'l62	6,208	-12,445				33,924
21 Transfers between funds										0
22 Other gains/(losses)
23 Net movement in funds				40,162	6,208	-12,446			0	33,924
24 Total funds brought forward				' 2,316,646	77,913	147271				2,541,830
25Total f'unds carried forward				2,356,808	84,12'I	134,826				2,575,754

				times to		Circuit llodel	Circuit llodel	Designated
				the	General Fund	Trust		Funds	Restricted	Endowmerrt	Total
				accounts	(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds	2021-22
						F			f		f
Income
1 Donations and legacies					960						960
2 Income from monetary	investments				384		455				839
3 Income from investment		properties			26,266						26,266
4 Assessments on Churches					36?,956						362,956
5 Capital Receipts											90,342
6 Grants received											0
7 Other charitable income					80,454
8Total income					471+20	ao,7a7
Exp entfiture
9 Grants and dona5ons					34,350			20,500			54,860
10Salaries and associated		costs			?24,692						224,6az
11 Property maintenance					39)'I81						39,181
12 Connexional assessment		&model trust		levy		1,787					1,787
13Distrkt Assessment 8 Levy					88,070						88,070
14Depredation											0
15Oflice expenses					4,981						4,981
16Other outgoings					84,365						84,365
17Total charltabte expenditure					475,639	1,787		20,500		0	4a7,aza
18Gains/(losses) on monetary investnlnts
19Gains/(losses) on investment			properties
20 Net income/(expenditure)					4,618	89,010		-20,500		0	63,892
21 Transfers between funds						90,342		90,342			0
22 Other gains/(losses)
23 ttet rnovernent in funds					4,618	-1.332		69,842		0	63/92
?4Total funds brought forward					2,321,264	79+45		77,429			2,477,938
25Total funds carried forward					2+16,646	77,913		147,271			2,541$30

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Cash flow statement forthe year ended 31August	Cash flow statement forthe year ended 31August	Cash flow statement forthe year ended 31August	2023
					2023	2022
Statement ofcash flows				Note	f
Cash from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Proceeds from the sale ofproperty, plant and equipment
Purchase ofproperty, plant and equipment
Purchase ofintangible assets
Proceeds from the sale ofinvestments
Purchase ofinvestments
Other
Net cash provided by investing activities
Cash flows from financing activities
New borrowing
Repayments ofborrowing
Net cash used in financing activities
Change in cash and cash equivalents	inthe reporting	period
Cash and cash equivalents atthe beginning ofthe reporting			period
Cash and cash equivalents atthe end	ofthe reporting	period
Recondliation ofnet income tonet cash flow from operating activities
Net income for the reporting period (	as per statement	offinancial activities)
Adjustments for:
Depreciation and amortisation charges
Profit on the sale offixed assets
Loss on the sale offixed assets
Gains on investments
Dividends, interest and rents from investments
Decrease/(increase) in stocks
(increase)/decrease in debtors
increase/(decrease) in creditors
Net cash used in operating activities
					2023	2022
Analysis ofcash and cash equivalent					f	f
Cash in hand
Short term deposit (less than 3months)
Total cash and cash equivalents

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1Basisofarxounting	1Basisofarxounting
	The0nanctal statements have been prepared under the Chart ties Act2011in accordance
	wilh the 2014version ofAccounting and Reportfng by Chartuas: Statement of
	Recommended Practice (SORP) applicaHe to charlUes preparing their accounts In
	accordance with HI5102-the Chariues 5ORp (FR5102)and teide gnote ofthe update
	Bulkrtin 1issued In2016.
2 Funds
	The funds held constitute: General Funds held forany purpose ofthe Grcuit whkh are
	Unrestricted. The Grcua Modal Trust Fund has wkks pwposas defined In Stanrgng Orders
	and Iscategorlsad as unrestrtctad. Designated funds are where funds have been allocated for a spedffc purpose but are categorised asun~ sotheir use can be changed.
	Reslricted funds which are hdd fora narrower purpose .There are aim the fogowlng
	Endowmem funds as listed. Details ofeach materai fund are disclosed Inthe final note to
	these accounts. Any funds maybe represented by more than Just cash.
3Accounting pogc)es
Basis	Them accounts iwve baeri prepared on the basis oi lstorical costeacefg that~ts
	are shown attheir market iralun attha encl ofthe year, onthe accruals basis to*owatrue
	and fair view ofthe Circuit's ffnancial position and acuvtgas.
Income Recognitkm
	Income ls induded in the Statement ofFinancial pcgvtges (SOFA) when tlw Grcuit becomes
	anutled tothe resources, and the trustees are ressorwbly cerlain they will receive the
	resource; and the monetary value om be measured with sufffdent reiiabgity.
Resources Expended This isr~ when a gabiiity is incurred, oraconstrucUva obligation arises, that results
	lnthe payment being unavokla hie. Uablggas ara recognised as smm m an outffow of
	economic beneat Isconsklered more gkeiy than not under the legal or construcbve
	bligaUon committing the Grcuit to pay out resources.
	Gmnts made bythe Circuit from its ovm funds are recognised in full atthe time of agreement orwhen the Grcuit accepts that there isa legal oropwatlonal obllgagon to make the payment. When the grant is~over more than one year the ba4nce payable In future yearn istreated as a provislori for future commitments in tha Balance Sheet against the appropriate fund, the provision being rsfaasad in firlure years asI~are paid in
	accorc4nce with the originagy agrwsd terrm.
VAT
	Sincethe Greek isnot VAT regbtenM, aff input VAT Ischarged with the expanses to which	It
	refer.
Tangible fixed assets for use by the Circuit
	These are capitaiisad Uthey can be used for more than one year, and indivlduagy cost at leastf1,000. The freehold~are shown inthe accounts at 2023deemed values. of which the
	land component isnot given asa mparate amount. No depreciation isprovided on the
	buikllngs because the trustem consider the current residua Ifairvalue ofthe manse
	buildings (on the assumption that they had reached Uw end offts useful economic life by
	the yearend) to be not less than their current value. Any depreciation would not be
	nurteriat The pmperties have bean reviewed for impairment.
Investment	Properties
	Investment properties —no property is currentiy deemed to not be hekl for the long term
Investments	purposes ofthe charity. investments a revalued in the balance sheet *market value atthe year end.~t
	income isinduded in the accounw when receivable and any gains orkssses on revaluation	at
	the year end are shown in the SOFA,
Debtors and Prepayments
	The Debtcvs items relate to:The payment ofthe September stlpands InAugust AdJustment
	tosalary payments due from Wilmskrw church, where the ckcult pays saksries on behalf of
	those churches.
Creditors
	Creditors items rekrte tothe Independent Examination fee.
Prior Period	Adjustment
	It became apparent during the year that the Menses had been valued and Included
	in tha Balance Sheet attheir curtent insured value which isnot in accordance with the
	guidance kaued bythe Methcvgst Church in October 2019"Accounang forTanggsie
	Fixed Assets"
	This guidance requkes Menses to be valued at original cost or, where this was not
	ascertainable, at Deemed Cost (the insured value at1stSeptember 2015)
	The value ofthe Menses hekl has now been restated and this reffected in both
	the current and previous years balances.

4.Donations and legades	4.Donations and legades	General Fund (Unrestricted) f	Circuit Model Trust Fund (Unrestricted) f	Designated Funds (Unrestricted) f	Restricted f	Endowment f		2023 Total f	2022 Total f
General donations		24,000						24,000	960
Mental Health Fund								0
Refugee Fund
Legacies
Total		24,000					0	24,000	960
5.Charitable activltles- other		General Fund (Unrestricted)	Circuit Model Trust Fund (Unrestricted)	Designated Funds (Unrestricted)	Restricted	Endowment		2023 Total	2022 Total
		f	f	f	f	f		f
Rental of Manses		42,227						42,227	26,266
Charitab'le activities	- Other 2
Charitable activities	—Other 3
Total		42+27						42,227	26+66
6.Other trading activities		General Fund (Unrestricted)	Circuit Model Trust Fund (Unrestricted)	Designated Funds (Unrestricted)	Restricted	Endowment		2023 Total	2022 Total
		f	f	f	f	f		f
Lettings (Property name) - 1
i.ettings {Property name) —2
Lettings {Property name) - 3
Lettings (Property name) - 4
Miscellaneous 1
Miscellaneous 2
Miscellaneous 3
Miscellaneous 4
Total

7.Investment	income	General Fund (Unrestricted)	Circuit Model Trust Fund (Unrestricted)	Restricted	Endowment	2023 Total	2022 Total
		f	f	f	f	f
Central Finance	Board					3,503	384
Rental income
Other						4,866	455
Total						8+69	839

						Circuit
8.Payment toTrustees Payments made to	trustees	for		This	year Nil	Last year ~N11
Number oftrustees
who were paid
expenses
Nature ofthe
expenses
Expense payments	primarily	relate	to	reimbursement	for travel	and computing
costs
Total amount paid				l Nil		Nil
9.Fees for examination or audit ofthe		accounts
independent examiner's or			f			I,SOO
Other fees feg:advice,			f
10.Paid employees
Staff Costs paid
during the year
were:
Gross wages, salaries
and benefits in kind				56,437		41,187
Employer's National
insurance costs
					4,858	2,511
Pension costs					3,282	2,471
Total staff costs				64,578		46,169
Average number of
staff employed
during the year
were:

									BRAMHAEL AND	BRAMHAEL AND	BRAMHAEL AND	BRAMHAEL AND	WYTHENSHAWE	WYTHENSHAWE	Qrcult
ti
Tangible
Rxed
Assets
	Detail ofassets held,
	State number		of manses, specNca)ly				reference		other buildings	managed			by	the circuit and	separately
	identify property treated as investment							property.
	Provided summary			information		in respect ofother categories and					specific reference should				be made
	in	respect of	any assets		under construction.
Cost or valua	tion
														Payments
														on
											Fixtures,			account
					(There are a						fittings			and assets
					total of7				Other fixed		and			under
	Residentia		Other		manses)			Other	assets inchugng		equipmen			constructl
		Iland	land		Manses		buildings		motor vehides			t			Total
			f
Balance
brought
forward					2,250,203										2,250,203
Additions
Revaluatio
ns (+/-)
Disposals (-
) Transfers *
(+/-)
Balance
carried
forward				0	2,250,203										2,250,203
Accumulated ' Basis '"Rate	depredation				5Lor RB		SL	or RB	SLor RB		SLor	RB
Balance
brought
forward
Depreciati
on charge
for year (-)
Revaluatio
ns (+/-)
Disposal s (
)
Transfers*
(+/-)
Balance
carried
forward
Net book value
Brought
forward					2,250,203										2,250,203
Carried
forward					2,250,203										2,250,203


Exchange
Investments	held in common investment	funds,
Exchange
Other investments
			Total

Change in investment values
Carrying (market) value at beginning		ofyear
Add: additions to investments	at cost
less: disposals at carrying value
Net gain/(loss) on revaluation
Carrying {market) value at end	ofyear

		WYTHKNSHAWK	Circuit
13.Analysis	ofcurrent assets	This year	Last year
	Debtors and
	pre payments
	Pre paid assessments
	Accrued income
	Other debtors	18,992	34,957
	Total debtors and
	prepayments	18,992	34,957
	Analysis ofcash at
	bank

Bank balance	held
in Unity Trust		20,276	28,271
Bank balance	held
in CFB		128,836	100,674
Bank balance	held
in TMCP		158,947	153,176
Total Cash and Sank		308,059	282,121

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