# # ## # ## ## ## ||||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| ## |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||||||| |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)|Designated
Funds
(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| ## ## |||||This year|Prev year| |---|---|---|---|---|---| |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ##