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2021-08-31-accounts

CHARITY REGISTRATION NUMBER: 1134366

North Cheshire Methodist Circuit Financial Statements 31 August 2021

MATTOCKS GRINDLEY Chartered Accountants 18 Mulberry Avenue Turmstone Business Park Widnes Cheshire WA8 OWN

North Cheshire Methodist Circuit

Financial Statements

Year ended 31 August 2021

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Trustees’|annual|report|1| |Independent|examiner's|report|to|the|trustees|7| |Statement|of financial|activities|8| |Statement|of financial|position|9| |Statement|of cash|flows|10| |Notes|to|the|financial|statements|11| |The|following|pages do|not form|part of the financlal|statements| |Detailed|statement|of financial|activities|19| |Notes|to|the|detailed|statement|of financial|activities|20|

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North Cheshire Methodist Circult

Trustees" Annual Report

Year ended 31 August 2021

[retiregue prosees‘i inet report and the unaudited financial statements of the charity for the year ended

Reforenes and administrative detalle

Registered charity name North Cheshire Methodist Cheshire Methodist Methodist Circult Charity registration number 1134386 Principal office la Steward Helsby Methodist Church Chester Road Helaby, Cheshire. WAS 0AQ

North Cheshire Methodist Cheshire Methodist Methodist Circult

The trusteen

Mre G Towneend Rev N Stacey Mr P Morrey Mr 8 Kally Mre A Wright Rev C Dutton ProfMr J°JBrownC Dearden Migs J Waningion Mr J Batey Mre & Worrall Mre S Roberts Mr J Ford Mra V Rickere MrMr BJ A Riley Bell Dr B Lane Rev C Heald Dr M Gant Mr J Holmes Rev D H Copley Dr R Lane Mr J Gimalow Mr M Hassall Mra P Haseall Mr E Wright Rev C Jones Mra A Barnett Rev A Gibson Mre G Taggart Ma K Pimm Mr A Pimm Rev D Bintiiff Mre J Riohardean Mr M Gough Rev R Fennell Mrs & Partington

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North Cheshire Methodist Circuit

Trustees’ Annual Report eonmnueg

Year ended 31 August 2021 Mre F Barnard RevMr D Goodwin Mr J Leach Mr D[A] J[Johnson] Fry RevA Emison MraJ Alken MreJ Booth MraMr C SmeathamC Maddock MreD Smith MreB Guile MrRevBIDavidsonRigby Mr A Ventham Mre& Willams Mre Mr[J] M[Parry] Lambert RevD Graham Evans MreM E Holmes DeaoonJ F Clarke Rev Mra[J] DG[A][ Simmonds] Evans Mr Mr[H] M[Stundel!] J Robinson Deacon Rev[A][Crookes] T Coleman Mre Me[R] T[Martin] Dudiey — 8SR BanksAnkers {Appointed(Appointed 1812 DecemberSeptember2020)2020) NMraMr StaosyE JHughesGreen (Appointed(Appcinted(Retired4 April2120 January October2021) 2020)2021) Mr R PB C ol lardwell ned 131SeptemberAugust 2021} 2020) Mrs B Rewden (Retired 13 September 2021) Pastor N Wills (Retired 31 August 2021) MrM Smyth (Retired 13 September 2021) Miss 8 Hughes (Retired 31 August 2021) Mr A Wiltame 15 June 2021) MrJ D Jaques Retired une tire D Rigby (Retired 2118 tuJa n uarye 2024)2021) Rev F B Dodd (Retired 20 January 2021) Mra L. Swindlehurst (Retired 31 Auguat 2021) Mrs C Ress (Ratired1 September 2020)

Independent examiner G16MattocksMulberry FCAAvenue Tumetone Business Park Widnes Cheshire WAS OWN

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North Cheshire Methodist Circult
Trustese’ Annual Report feartnven)
Year ended 31 Auguet 2021
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Structure, governance and management Intreduotion TheKk conductsfollowingItself, pagesof arethose designedwho were to giveInvolvedthe readerin the anCharity overviewand ofdrawsthe purposesattention ofto thewhatCharity,hae oc o furted how during the pest year. These pages are an introducticn to and should be read In conjunction with the detailed financial reports contained jater on In the document. Gtructure Governance and Management andThe[became] Chester knownand Delamereea the NorthForestCheshireCiroult andMethodistthe RuncornCirouit. Circuit merged from fet September2019 North Cheshire Methadiet Circult Is part of the Methodiet Church In Great Britain (Charity No 1132208) and pert of the Chester and Stoke-on-Trent Methodist District which la registered as a separate Charity {No 1132237). TheDetaled governing governance documentarrengementsfor the circultare le outtined the Deedwithin of Union the Constitutional (1832) and MethodietPractice and ChurchDiscipline Act (1878). of the Mathodist Church by order of the annua! conference. North Cheshire Circuit compriees of the following churches: Blakelese, Bretton, Bunbury with Tiverton, Caldy Valley, Christleton, Frodsham, Garden Lane Chester, Halton Trinity Runcorn, The Heath Runcorn, Heleby, Hoole Chester, The Hurst Kingsley, Keleal, Mickie Trafford, Norley, Oakmere, Rowton, Saliney, Saughall, Tarporley, Tarvin, Weeley Chester, and Wioksien Drive Runcom. However theseBunburywith Tiverton formally ceseed fo provide worship from Apri! 2021. Decisionson the future of are seperate bulidings arecharitable expectedorganisations io bs made duringwith Wealeythe yearChesterSeptemberbeing2021registeredto August 2022.with Allthe churchesCharity See nena ail exempted from registrationas they have annual recelpteof lees than The registered charity named North Cheshire Methodist Circuit fs primary an administration organisation that manages the clroult personnel, housing for ministers, redundant church bulldinga, and aindividual property churcheswhich la rentedon a outwidependingrenge futureof mattersuse. TheincludingClircultpreachingprovides guidanceeppointments,and oversightsafeguerding,to the discipleship and mission, training. allGovernanceaspects of |ethe achievedClroult.throughTrusteestheareCiroultappointed meetingfram whichthose normallyholding official meetsfourpositionstimesofa yeerthe charityto review plue locel church representativesas approved at local ohuroh counoll meetings.#

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North Cheshire Methodist Circult
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Trustees’ Annual Report jeonnves
Year ended 31 August 2021
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Objectivesand activities Trustee Training Aclreult,rangespecificallyof guidancetheisleafietproduced"The byRolethe ofMethodista Trustee InConnexionthe Methodistto supportChurch"theIseffectivegiven to runningall new Circuitof the Meeting members as pert of the Induction te ther role as Trustees. Ciroult Leadership Team Day to day management of the Ciroult is undertaken by the Ciroult Leadership Team which delegates Localcertaln Preachers, reeponsibliltiesend Manseto sub-groupeGroup. Including Stewards, Safeguarding, Lay Worker ReferenceGroup, The cucu Laadenatip Tein comprises ef'the Sil tine: prestqties, one Gesooc., anid eight Circult Steward: The Cirouit Stewards are reaponeible, with the Superintendent end ministera, deacons and probationers appointed to the Clroult, for the spiritual and material wellbeing of the Circult, and for upholding and acting upon the decisionsof the Circult Meeting. Clroult Stewards work as a teem and share ovllective responsibilfor leadership and spec i fictyduties to: » Exercise a general pastoral care for the preabytere, deacons, probationers and ther femilles. « Meet with ministers, deacons and probationers as a leadership team at least four times a year, normaily before the Circuit Meeting. * Keep themselves informed of the activities of each local church.

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North Cheshire Methodist Circult

Trustees’ Annual Report feansnuss

Year ended 31 August 2021

Riek Management There is a reguiar review of proceseee undertaken end recorded. Income and Expenditure ls monitored and compared with the approved annual budget on a half yearly baals to deteot irende as part of the rlek management process to avoid unforeseen calla on reserves,

Anhievementaend performance Cavid-10 The pandemic continued to severely affect the work of the Ciroult during the year. All churches were bulldingsclosed at the baginning of the financial year but gradually, following approvedwritten risk assceements, respect ofbeganCoronavirusto opensafetyand resumeand aselsting worshipwith servioas.online activides.Advice has been offered to local churches In WeProvisionare gratefulof worshipto our presbyiers, looal preachers, and worship leadera who offered worship In our churches and Methodist Homes cn a regular basis. Some churches continue to streamiine thelr services online with reduced numbere physically attending In the buildings. Lay Employment managementThe Circult continuesof a lay parsonto support,workingIn partnershipwith young peoplewith oneandofhasits alsochurches,continuedthe employmentto employ Ciroujtand Adrinistratora whose work elther includes or covers presbyters adminietrative support. A person has been seconded from the Chester and Stoke on Trent Methodist District to work on a part time beals to help the Circuit with the day to day management of etaff and oarry out a review of the werk and posslble future funding arrangements. [iparver, Ss memnciamnla fea corti Sayer Oty RMI ae rks. Our ley aeRSaN NS Ape EN SS Property Matters The Manse Group formed in 2016 continues to look after property matters on our behalf, working with a devolved budgat, but with the ability to call on clrouft finances for major projects. The Group seeks to enaure that provision in each mense mests the standards required by Methodist Standing Orders and that ministers and their families have safe and comfortable homes throughout their time In the Circuit.

Financial review

Resuitefor the period under review show that the Circult had a total Income of £808,102. Total expenditure amounted to £616,318, showing an overall deflolt of £108,218, which was in line with expactations.

Reserves Polloy The Reserves Policy for the Circuit Is to hold a minimum sum equivalent to three months average expendiure, Thie should be sufficient to meet any unforeseen item of major expenditure and fund planned activities In the event of any Inability to raise the full Clrouit Asseesment from churches.

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North Cheshire Methodist Circult

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Trustees’ Annual Report feoseaved
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Year ended 31 August 2021

Plans for future periods newMuchonea,will dependon when local churches are able to elther resume all previous activities or develop ‘The majority of our churches have continued to suffer financially due to the pandemic - whether It be by cancelledmuch of the expenditurefundraieing, lossle eflllof there,rental Income,or a reduction in income from giving. At the same time

The advice from the Methodiet Church In Great Britain has been that jooal churches use lheir reserves to meet budgets in response to the financial challenges. The July 2020 Ciroult Meeting held onfine via Zoom software agreed to offer a grant to each church equivalent te about one quartera assessment during the year to August 2021. This offer le being extended for a further year. The money |e being taken from the Circult Model Trust Fund and giving the grants does not affect the day to day running of the Cirouft In any way but ahould go some way to helping churchesat this difficult time, trusteesThe trustees’by: annual report was approved on @@r/.2n4, Ade... and signedon behalfof the board of

Rev Nell Stacey Superintendent

Michael Hassall Treeeurer

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North Cheshire Methodist Circult
independent Examiner's Report to the Trustees of North Cheshire Methodist
Clroult
Year ended 31 August 2021
(‘the| reportcharity’)te the trusteesfor the yearon myended examination31 Auguet of the2021, financial stataments ofNorth Cheshire Methodist Ciroult
Reeponsibilitiesand bicls of repert
Aaecoordancethe trusteeswith of thethe requirementscharity youofare responelbiethe Charities Act for2011the preparation(‘the Act’). of the financial statements In
| report In respect of my examination of the charily's financial statements carried out under section 146
of the 2011 Act and In carrying out my examination | have followed ail the applicable Directions given
by the Charity Commission under seation 148(5)(b)of the Act.
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independent sxaminer's statement
Since the charity's gross income exoseded £250,000 your examiner must be a member of # body listed
in eection 146 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am
alisted memberbodies.of the inatitute of Chartered Accountants In England and Wales (ICAEW), which ia ona of the
i have completed my examination. | confirm that no material mattera have come to my attention In
connection with the examination giving me cause to belleve that In any material respect:
1. Rae ornd reoorde were not hapt in respect of the chery ae required by ection 130 of the
2. the financial statements do not accord with those recorde; or
%. the financial statements do not comply with the applicable requirements conceming the form
and content of accounts eet cut in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the eccounts give a ‘rue and fair’ view which ls not a matter
considered ae partof an Independent examination.
I have no concems and have come ecroaa no cther matters In connection with the examination fo which
Seermeetreached. ehaeia be cream be Sa repent Braden to srebien proper understanding of the accounts fo be
IndependentG MatiocksFCA
18 Examiner
Mulberry Avenue
Turnetone Buslnees Park
Widnes
Cheshire
WAS OWN
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s¢hfee

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North Cheshire Methodist Circult

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Statement of Financial Activities
Year ended 31 August 2021
2021
Unrestricted
funds Totelfunds Total funds
income and endowments Nots £ £ £
Donations and legacies 4 493,288 403,288 636,180
Charitable activities 5 11,208 11,238 -
Investment Inoome 6 1,576 1878 4,600
Total Income 508,102 606,102 640,760
Expenditure
Expenditure on charitable activites 7,8 616,318 615,318 630,463
Total expenditure 615,318 618,318 630,483
Not (sxpenditure)inoome and nat movement In funds {109,218} (100,216) 10,327
Reconelliation of funds
Total funds brought forward 2,296,778 2,238,778 1,838,277
Total funcie carried forward 2,126,562 2,126,002 1,848,604
TheAll incomestatement and expenditureof financial activities derive fromincludes continuingallgainaactivities. and loeaes recognieed in the year.
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The notes on pages 11 to 17 form pert of these financial stetement:.

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North Cheshire Methodist Circult
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Statement of Financial Foaltion
3t August 2021
Nets & 2021 £ 2020£
Fixed assets
Tangible fixed assests 12 1,628,161 1,628,161
Invesimenta 13 20,8230 19,204
1,648,001 1,647,456
Current eesste
Debtors 14 83,440 62,854
Cash at bank and in hand 888,455 671,601
009,000 724,446
Creditors: amounts falling due within one yeer 18 131,328 138,122
Net current secsts 477,571 588,323
Total aosats lesa ourront Mabilities 2,120,862 2,236,778
Net ansots 2,126,862 2,238,778
Funds of the charity
Unrestricted funce:
Revaluation reserve 7a7 852 737,662
Other unreetricted Income funda 4,988,710 1,497,026
Total unrestricted funds 2,126,602 2,236,778
Total charity funde 16 2,126,602 2,235,778
ZhagekAAA[erciel Ren, Ord saatemeita ate signeders on behalfSoptpeesof thefa boardBe Coad by: of iietinn ane: aiahormed fr, Rauw'on
Rev Neil Staosy Michael Haseal
Superintendent Treasurer
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The notes on pages 11 to 17 form partof theas finanolal atetements.

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North Cheshire Methodlat Circult

Statement of Cash Flows

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Year ended 31 August 2621
" e
Gash flows from operating activities
Net {expenditure)/income (100,216) 10,927
Adjustments for:
Cther Interest receivable and similar Income (1,578) (4,600)
Intereet payable and almilar charges 128 116
Accrued (income expenses (4,224) 30,708
Changes in:
Trade and olher debiors (586) (3,084)
Trade and other creditors (870) 3,861
Cash generated from operations (116,042) 87,128
Interest pald {128) (116)
Interest recelved 1,876 4,600
Net cash (used in}from operating activities (174,696) 41,608
Cesh flows from investing sctivities
Purchases of other Investments (1,838) (168}
Proceeds from sale of other Investments = 189
Net cash used in investing sotivities (1,538) (7)
Nat (dsorseas}Inoreasa In cash and cash equivaients (410,132) 41,802
Transfer from Runcorn Clreuit s 387,174
Gash and cash equivalents at besinning of year 671,891 242,818
Gash and cash equivalents at end of year 885,450 671,501
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The nates on pages 11 to 17 form pert of thedo financial statements. a 10 s

North Cheshire Methodist Circult

Notes to the Financial Statements

Year ended 31 August 2021

  1. Genera! information TheChurch,unincorporated.charityChester Road,Is thea public addreseHeleby,benefit ofringCheshire.,ently Snir and WASa registered office OAQ.Is Finance Steward,charity In EnglandC/o, Helabyand Wales Methodistand is 2. Statementof compliance These financial atstements have been prepsred in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of freland’, the Statement of RecommendedFinancial Practlos applicableto charities preparing thelr eocourts in accordancewith the SORP (FRSReporting102)) end Standardthe Cha—eeAot in2011. the UK and Republic of ireland (FRS 102) (Charities 3, Accounting policies

VAT

Since the Circuit le not VAT registered, all Input VAT le charged with the expenses fo which It

Bacisof preparation Theses accounts have been prepared cn the basis of historical cost except that Invesiments are viewshownofatthetheirCirault’smarketfinancielvalue atpositionthe endandof activities.the year, on the accrusie basisfo show a true and falr

Debtors and prepayments

Debtore relate to the payment of the September stipend In Auguet.

Going concem

There are no material uncertainties about the charity's ability to continus. Creditor eeI) oe epecticallythe 1st quarterasseasmentreceived in Judgements and kay sources of estimation uncertainty Theend preparationassumptions of thethatfinancialaffect statementsthe amounts requiresreported. managementThese estimatesta make judgements,and judgementsestimatesare continuallyfuture eventsreviewedthat are bellend are baeedto b e reasonableonvedexperienceunderandtheothercircumstances.factors, including expectationsof

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North Cheshire Methodist Circult

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Notes to the Financial Statements (conden
Year ended 31 August 2021
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3. Accounting policies (eandnusd
Fund accounting
Unrestricted funds are avallebie for use at the discretion of the trusteesto further any
charity's purposes. of the
Dealgnatedcommitnent.funds are unrestricted funde earmarked by the trustees for particular future projector
Reetricied funds are subjected to restrictions on their expenditure deolerad by the donor or through
eeenoten appeal, and fal Into one of two sub-classes: restricted Income funds orendowment
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Incoming resources
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lncome income ia Inoluded In the Statement of Financial Activities (SOFA) when the Clroult beoomes entitiedand the monetaryto the resources, value oanand bethe measuredtrustees withare sufficientreasonably rellability.certain they will receivethe resources;

Resources expended

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‘Thispayment Is recognisedbeing unavoidable.when a IlsbilityLiabiliiesle incurred,are recognisedor a conatructiveas soon as anobligation outfow arises, of economicthat results beI n theafit
ia coneldered more likely than not under the legal or constructive obligation committing the Circuit
to pay out resources,
tLlabiities are recognised as soon ae there le a legal or constructive obligation committing the
Clreultto pay out resources. Future Income has not been enticipated (SORP 2006).
Tangibi: asests
£1,000.‘Theesla providedareThecapitalieadonfreehaidthe bullding propertyIf theybecausecanis shownbe theusedIntrustees thefor aocountsmoreconelderthan atone2018theyear, deemedcurrentand reeldua!individuallyvalues. feirNo deprcostvalu e atciationofeastthe
year-end)mansehae beenbuldings reviewedto be not(onleasfortheimpairment.thanassumptionIte currentthatvalue.it hadAny reacdepreciationt h eedend wauidof Its notusefulbe matereconomicThel i fepropertyal. by the
investments
Unileted equity investments
If [fair] value cannot be [ rellably] are measured,inkially recordedaesets a tre coat, measured and subsequently [ at][ cost][ less][ Impairment.] measured at fair value.
Listed Investments are meeaured at fair value with changes In falr value being recognised In
Incomeor expenditure.
Investments In sesociates
lessInvestmentsany accumulatedIn asecolates impairmentaccounted loeses.for in eccordance with the cost model are recordedst cost
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North Cheshire Methodist Circuit

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Notes to the Financial Statements (continued
Year ended 31 August 2021
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$3. Accountingpollcles foontinwed
InvesdtmentaIn seaccletce (eontinued)
Investmentsrecorded in associates accountedfor in accordancewith the fair value model are Initially
value, withatchanges the transactIn fa i ronvalueprice.takenAt eachthrough repartingIncome date,or expenditure. the inveatments areWhere It Is meeeuredimpractioable at fairto
measure falr value rellably without undue coat or effort, the costmodelwill be adopted.
Dividends and other distributions received from the investment are recognised as Income without
regard to whether the distributions are from ecoumulated profits of the asecolate arising before or
after the date of aoquisition.
invecérients in Joint ventures
recordedInvestments at costIn jointlylese anycontrolled accumulatedentities Impairmentaccounted losses.for In socordanoewith the cost model are
InitiallyInveetmente In Jointly controfied entities acoounted forinaccordance with the felr value model are
fair recorded at the transaction price. At each reporting date, the Investments ere maasured al
to measurevalue, withfalrchv a luengesreliably Infeir valuewithout takenundue throughcost or Incomeeffort, ortheexpenditure.cost model Wherewill be Itadopted.ls impracticable
regardDividenda end other distributions receivedfrom the invesimentare recognised es Income without
or aftertothewhetherdate ofthe acqud is ittr i on.butions are from acoumulated profits of the joint venture arising before
Impakmentof fixed ascot
A review for indicators of Impairment is carried out at each reporting date, with the recoverable
possiblerecoverableamount beingamount, estimatedthe esswh e trelasuchimpairedIndicatorsaccordinglyexist . WhePrio r eimpairmthe carrying e rentvelueal s o exceeds reviewedthefor
possible revto e rsalstimateat eachthe recoverablereporting date.amountFar ofthean purpoessIndividualof eseet,Impairmentan es t esting,imate Iswhenmade It Isof the not
recoverable amountof the oash-generating unkto which the asset belongs.
Financial Instrumonts
Acontractualfinancial prasest o r avfof i nancialthesions Instrument.llabiily ls recognised only when the entity becomes @ party to the
Baalo financial instruments are Initially recognised at the amount receivable or payable including
any related transaction costs, unlees the arrangement constitutes a financing transaction, where It
ls recognised ai the present value of the future payments discounted ai a market rate of interest
fora similardebt instrument,
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North Cheshire Methodist Circult

Notes to the Financial Statements wont-ueq Year ended 31 August 2621

4. Donations and legacies

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Unrestricted Total Funde Unrestricied Total Funds
Funds 2021 Funde 2020
£ g £ £
Donations
Assesement or Share 470,147 470,147 486,377 456,377
Church contribution - cost of
layworkera 18,760 18,780 21,429 21,428
Other grants and donations 1,602 1,302 28,924 26,024
Sale of Huey Church = = 130,000 130,000
Other Income 1,430 1,430 460 480
Grants
CJRS recelpts 1,458 1,489 - -
403,288 403,288 630,190 636,190
& Charitable activities
Unreaticted Total Funds Unrestricted Total Funds
Funde 2021 Funds 2020
£ £ £ £
Rental Income 11,238 11,238 - —
6. Inveatment income
Unrestricted Total Funds Unreeticted Total Funds
oP Ne 2
Bank Interest recaivable 412 412 1,188 4,166
Investment Income 4,163 1,163 3,446 3,445
i a
7. xpenditure on cheritable activites by fund type on cheritable activites by fund type cheritable activites by fund type activites by fund type by fund type fund type type
Unrestricted Tetel Funde Unrestricted Total Funds
Direct charitable activities 613,629 013,429 629,247 620,247
Support costs 1,689 1,688 1.218 1216
616,318 618,318 630,463 630,463
8. Expenditure on charitable on charitable charitable activities by activity type type
Activities
undertaken Support Totalfunde § Total fund
Direct charitable activities 613,629 =a 813,620 629,247
Govamanoce costs = 1,689 1,689 1,216
613,629 1,688 618,318 630,483
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7. xpenditure on cheritable activites by fund type on cheritable activites by fund type cheritable activites by fund type activites by fund type by fund type fund type type

8. Expenditure on charitable on charitable charitable activities by activity type type

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North Cheshire Niethodist Circult

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Notes to the Financial Statements foortnven)
Year ended 31 August 2021
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¢. Independent examination fees

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" ©
Fees payable to the independent exeminer tor:
independent exarnination of the financial statements 1,100 1,100
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10. Gtaff oocts

‘The total staff costs and employee benefitsfor the reportinga

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£ g
Wages and selaries 328,777 340,878
Social security costs 17,831 16,119
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‘Thefull-time averhe a d gecount of employees during the year was 12 (2020: 12). The average numberof
equivalent employaas during the year le analysed as fcllows: 2021 2020
Number of etaff No.J No.12
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The average monthly number of employees during the year was as follows: Presbyters and Deacons &, Lay Miesion Employees 2, Ciroult Administrators 2 No employee received employee benefits of more than £80,000 duringthe year (2020: Ni).

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1f. Tructss remunerstion and expenses
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No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Tanglble fixed ascets

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Cost
At 1 September 2020 and 31 August 2021
Depreciation
At 1 September 2020 and 31 Auguat 2021
Carrying amount
At 31 August 202+
At 31 August 2020
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Land and
—-
1,828,161
-
1,028,161
1,028,181
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North Cheshire Methodist Circult

Notes to the Financial Statements feontnued Year ended 31 August 2021

13. investments

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Gash or
cash
—
Cont or valuation
At1 September 2020 10,204
Additions 1,838
At 31 Auguet 2021 20,830
Impairment
A?1 September 2020 and 31 August 2021
Carrying amount
At 31 August 2021 20,830
At 31 August 2020 19,204
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Ail Investments shown above ere held at valuation.

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14. Debtors
rs
Prepayments and accrued income 42,405 11,878
Other debtors - Loans by Circuit 40,076 40,076
83,440 62,864
16. CGraditers: emounte falling due within one year
Trade creditora 12,820 13,380
Acoruals and deferred income 418,508 122,782
131,928 136,122
16. Anolyais of charitable funds
Unrestricted funds
1 At At
September 31 Auguet
2020 Income Expenditure Transfers 0212
£ £ £ £ £
Unrestricted funde -
General funds 1,132,301 604,939 (606,975) 9,440 1,140,768
Unreatricted funda -
Circuit Model Trust
Fund 366,626 1,183 (19,403) (00,440) 247,048
Revaluation reasrve 737,652 = = = 737,682
2,238,778 506,102 (618,318) - 2,126,082
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North Cheshire Methodist Circult

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Notes to the Financial Statomente peonmwes
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Year ended 31 August 2021

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17. Analyais of net astete between funds
Unrestricted Total Funds Total Funds
Tangible fixed assets 1,628,161+ ey1,628,161Se 1,628,161
Investments 20,830 20,830 10,204
Current aseste 008,890 008,669 724,446
Creditora lees than 1 year (131,328) (131,328) (138,122)
Net a2setz 2,128,862 2,128,562 2,235,778
18, Financial instruments
Financial instruments are recognised only when the entity becomes a party to the contractual
proviaione of the Instrument.
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North Cheshire Methodist Circult Management information Year ended 34 August 2021

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The following peges do not form part of the financial statements.
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North Cheshire Methodist Circult

Detailed Statement of Financial Activities Year ended 31 August 2021

2021
&		 2020
£
Incomeandendowments
Denstionsendleqaoles
AssesementorShare
Churohcontribution - coat oflayworkers
Othergranteanddonations
SaleofHuxleyChuroh
Other income
GINGreceipts		 470,147
18,750
1,002
”
1430
am		 455,377
21,420
28,024
130,000
460
493,208 636,190
Charitable ectivities
Rentalincoma		 11,238 =
Investment Income
Bank Intereetreceivable
InvestmentIncome		 M2
1,183		 1,188
3,445
4,878 4,600
as uee,tes= 640,700
Expenditure
Expenditureonoheritable activities
Wagesandsalaries
Employer'sNIG
Ratesandwater
Repaireandmaintenance
Ingurance
Other establishment
Other motor/travel coste
Legalandprofessional feea
Telephone
Other office costs
Other interes! payable end aimtar charges
Districtassessment
Cireult/dlatrictpaymenta
CPFlevytaken
Othergrantsanddonatione		 328,777
17,831
20,823
33,728
5,608
1,680
4,826
1,560
§,864
21,420
120
93,620
18,4672
=
68,680		 340,678
16,119
22,776
62,434
4,617
1,270
6,700
35,360
4,821
17,842
116
00,316
1,282
24,477
1,666
€18,318 630,468
Totalexpenditure 618,318 630,463
Net(expenditure)/inoome (100,216) 10,327

219 =

North Cheshire Methodist Circult

Notes to the Detailed Statement of Financia! Activities

Year ended 31 August 2021

an —_ Expenditure on charitable activities Direct charitable activities Activities undertaken directly Wages and salaries 326,777 340,678 Employer's NIC 17,631 16,118 Utes 26,823 22,776 Repairs & malntanance 23,728 62,434 Insurance 5,686 4,617 Other establishment coats 1,060 1,270 Other motoritravel costs 4,828 6,700 Legal and professional fees - 34,260 Telephone 4,004 4,821 Other office costs 21,420 17,642 District asascement 03,520 90,316 Clreultfdistrict payments 18,672 1,282 CPF levy taken = AAT? Other grants and donaticne 88,060 1,665 613,629 620,247 Governance costs Govemence costs - accountancy fees 4,560 1,100 Bank charges 120 116 1,089 1,216 Expenditure on chariiabis dotivities 616,318 630,483

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