CHARITY REGISTRATION NUMBER.. 1134366 North Cheshire Methodist Circuit Financial Statements 31 August 2024 MArrocKS GRINDLEY Chartered Accountants 18 Mulbery Avenue Tumstone Business Park Widnes Cheshire WA8 OWN
North Cheshire Methodist Circuit Financial Statements Year ended 31 August 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Statement of cash flows 10 Notes to the financial statements 11 The following pages do not fonn part of the financial statements Detailed statement of financial activities 20 Notes to the detailed statement of financial activities 21
North Cheshire Methodist Clrcuit Trustees. Annual Report Year ended 31 August 2024 The trustees present thelr report and th8 unaudlted financial statements ofthe charily for the year ended 31 August 2024. Reference and admlnislrallve deta116 Reglsterod charlty name North Cheshire Methodist Circuit Charlty reglstratlon number 1134368 Prfnclpal offlco Clrcuit Superlntendent Clo Helsby Methodist Church Chester Road Helsby, Cheshire WA6 OAQ The trustees Mrs Janice Aitken Mr Lawrence Albrighton Mrs Rhian Ankers Mrs Sally Banks Mrs Patrlcia Barnard Dr Jonathan Batey Mr John Bell Mr Harold Blundell Mr Charles Bradley Rev Jo Brown Mrs Sarah Broome Rev Helen Caine Mr John Brown Deacon John Clark6 Deacon TIM Coleman Rev David Copley Rev Allson Crookes Mr Barrie Davidson Mr Peter Davidson Mr John Dimelow Mrs Terri-Ann Dudley Mr Andrew Ellams Rev D Graham Evans Rev Ralph Fenn811 Mr Jonathan Ford Rev Anne Gibson Mr Michael Gough Mrs Barbara Guile Mr Michael Hassall Mrs Penelope Hassall Rev Clare H8ald Mr Jeremy Heald Mrs Elizabeth Holmes (Retired 1 May 2024) (Retld 28 February 2024} (Retired 31 August 2024) (Retired 31 Augilst 2024)
North Cheshlre Methodlst Clrcuit Trustees, Annual Report (coniinued) Year ended 31 August 2024 Mr John Holmes Mrs Norma Hugh85 Mr Alan Johnson Mrs Elizabeth Johnson Rev Christine Jones Mr Simon Kelly Mrs Jane Kreuse Dr Bruce Lane Dr Ruth Lane Rev Dr Tim Macquiban Mrs Carolynne Maddock Mr R Ken Martin Mrs Janel Mather Mr Philip Morrey Mrs Avis Palmer Mr Jonathan Parry Mrs Sian Partington Mrs Sarah Pearson Mr Alan Pimm Mlss Kerrie Pimm Mr Lloyd Richards Mrs Judith Richardson Rev lan Rigby Mr William Riley Mrs Sheila Roberts Mr Mark Robinson Deacon Suzie Sale Mrs Jennifer Simmonds Mr Charles Smeatham Rev Colin Smith Mrs Diane Smith Rev Neil Stscey Mrs Shirley Stacey Mrs Gill Townsend Mr Alan Venlham Mrs Janet Warrington Mrs Sybil Williams Mrs Susan Worrall Mrs Ann Wright Mr Eric Wright Mrs M Lambert Mrs A Peate Mrs R Telllng (Retired 19 September 2023} (R8tired 9 September 2023) IRetired 31 December 2023) (Retired 9 September 2023) (Retired 1 September 2023) (Appointed 22 February 2024) (Appointed 1 May 2024) (Appointed 12 September 2023) Independent examiner G Mattocks FCA 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
North Cheshire Methodist Circuit Trustees. Annual Report {¢ontlnu Year ended 31 August 2024 Structure, governanc8 and management Introduction The following pages are designed to give the reader 8n overview of the purposes of the Charity, of how it conducts itself, of those who were involved in the Charity and draws otl8ntion to what has occurred during the pasl year. These pages are an introduction to and should be read in conjunction with the detalled financial reports conlalned later on in the docum8nt. Structure Governanco and Managemont The Chester and Oelamere Forest Clrcuit and the Runcom Clrcult merged from 1 st September 2019 and became known as the North Cheshire Methodist Circuit. North Cheshire Methodist Circult is part of th8 Methodlst Church in Great Brltain (Charity No 1132208) and part of the Chester and Stokewon-Tr8nt Methodist District which is registered as a separate Charlty (No 1132237). The governlng document for the circuit is the Deed of Union (1932) and Methodist Church Acl11976). Detailed governance arrangements are outjinad within the Constitutional Practice and Discipline of th8 Methodist Church by order of the annual conference. North Cheshire Circuit comprlses of the following churche5: Blakelees, Bretton, Caldy Valley, Christleton, Frodsham, Garden Lane Chester, Halton Trinlty Runcorn. The Heath Runcorn. Helsby, Hoole Chester, The Hurst Kingsley, Kelsall, Norley, Oakmere, Rowton, Saltney, Saughall, Tarporley, Tarvln, Wesley Chester, and Wlcksten Drlve Runcorn. All churchès are separate charitsble org8nlsalions with Wesley Chester being reglstered wlth Ihe Charity Commission, the others are all exemptod from registration as they have annual receipts of less than £100,000. The registered charity named North Cheshire Metbodist Circuit is primarily an administration organisalion that manages the circuit personn81, housing for minislers, redundant church buildings, and any properties which are rented out pending future use. The Circuit provides guldance and oversight to the individual churches on a wide range of matters in¢ludlng preachlng appolntments, safeguarding, discipleship and misslon, tralning. Governance is 8chieved through the Circuit meeting which normally meets four times 8 year to review all aspects of the Circuit, Trustees are appointed from those holding official positions of the charity plus local church representatives as approved al local church council meetings.
North Cheshire Methodist Circuit Trustees, Annual Report {¢ontlnued) Year ended 31 AuguBt 2024 Objectlves and actlvltles Our 8im8 are those of the Methodist Church in Great Britain and the main one Is the advancement of the Christian faith through the witness and worship of all our members. We do thls in accordance with the doctrines, standards and disciplines of the Methodist Church. The Clrcuit produces a quarterly preaching plan to ensure règular acts of worship take place al each of our prernises. Worship is open to all people and without charge. Our main focus is to mission to the communities we serve through our local Ghurches. Trustee Tralnlng A range of guidance is produced by Ihe Methodist Connexion to support the effectlve runnlng of the circuit, specrfi¢ally the leaflet The Role of a Trustee in the Methodist Church" is given to all new Circuit Meeting members as part of the induction to their role as Trustees. Circurt Leadership Team Day to day management of th6 Circuit is undertaken by the CircLfrit Leadershlp Tearn which delegates certain responsibilities to sub.groups including Stewards, Safeguarding, Lay Worker Reference Group, Local Preachers, and Mans8 Group. The Clrcuit Leadership Team comprlsed of three full-time presbyters, one part time presbyter, Iwo full tim8 deacons, and eight Circuit stewards, Stewards The Circuit Slewards ar8 responsible, WFth the Superlntendent and ministers. deacons anrj probationers appointed to th8 Circuit, for the spiritual and material wellbeing of the Circuit. and for upholding and acting upon the declsions of the Circult Meeting. Circult Stewards work as a team and share ¢ollectlve responsibility for leadership and sp&cifiG duties to.. Exercise a general pastoral care for the presbyters, deacons, probationers 8nd their families. Meet with minlsters. deacons and probationers as a leadership team at least four times a year, nornially b@fore the Circuit Meeting. Keep Ihems&lves informed of the activities of each local church. Be aware of District and Connexional policies affecting the Circuit and its churGhes. Be sen$itive to the needs of the Clrcuit and its officers and staff. Inform themselvès of developing movements in Methodism and the church generally. Be alert to and tak& advice on the legal consequences oftheir office and its responsibilities, for example. issues around lay employment, finance and property, Develop a vlsion and plans for mlsslon wlthln the Clrcult. ensurlng appropriate consultatlon. Safeguarding The Trustees of the Circuit recognise that the 58fety of children, young people and vulnerable adults is paramount. The Circull has 8 fobusl safeguarding policy in place and 8ach of the Churches within the Circuit hav8 approved and adopted a safeguarding polity, Theso policies apply lo truste6S, Staff and volunteets and provide a commitment to safe recruitment, seledion and careful work with children, young people and Ihose who may be vulnerable. The Circuil Safeguarding Group meel regularly to manage Safeguarding and a written report is presented to each Circult Meeting.
North Cheshire Methodist Circuit Trustees, Annual Report (¢OntInd} Year ended 31 August 2024 The Clrculvs policy is reviewed annually the last review was by thé Clrcutt Me6tlng on 15th February 2024. Public Bèneflt The trustees have had regard to the Charity Commission's guidance on public b8n8fit and confirm that they have complied with the duly of the Chariti&s Act having due regard lo public benefit. Rlsk Management There is a regular revlew of processes undertaken and recorded. Income and Expendllure Is monltor8d and compar8d with the approve(l annual budget on a h81f yearly basis to d8t8Ct trends as part of the rlsk management process to avoid unforeseen calls on reserves. Achlevem•nt$ and p8rforman¢a We Gontinue to be a busy Circuil with a number of established groups helping the Circuit Lead8rship Team and Stewards manage the Clrcuit and work with local churches. These include safeguarding, lay employment, and care and repair of manses. Worship Services have continued to be held regularly throughout the y8ar in all churches apart from Mickle Trafford. This congregation has ceaseij to meet and after conslderlng the way forward it has been agreed to sell the property. The graveyard is situatéd some way away from the church and there is considerable land attached to th6 graveyard which has been unused. It has been agreed to create a woodland site on this land which will be managed by the Circuit and Gonversations with Mersey For8sI, Forestry England, and Mickle Trafford Greenspaces are underway. We were unable to replace the presbyter wholeft in August 2023 which meant other staff covering this work with help from Supemumerary minislers, local preachers, and others and we are very grateful for their support and input. Provlsion of worshlp We are grateful to our presbyters, Iwal prea¢hars, and worship 18aders who offer60 Wofshlp in our churches and Methodist Homes on a regular basis. Some ctturches continue to streamline their servlces onllne with reduced numbers physlcally attending In the buildings. Lay Employment The Circuit supports the employment and management of lay persons and has also continued to employ Circuit Administrators whose work 81ther includ89 or covers presbyterfs administrative support. A person has been s6conded from the Chester and Stoke on Trent Methodist District to work on a part tlme basis to help the Circuit with the day-to-day management of staff and carry out a review of the work and possible future fundlng arrangements. Property Matters The Manse Group formed in 2016 continues to look after propety matters on our behalf, working with a devolved budget, but with the ability to call on circuit finances for major projects. The Group seeks to ensure that provision in each manse meets the stsndards required by Methodist Slanding Orders and that ministers and their families have safe and Comfortable homes throughout their Ilme in the Circuit. AJI properties are currently being reviewed to ansure that ownership is compatibl& wlth both our present and future needs. Flnanclal r•vlew Results for the period under review show that the Circuit had a total income of £612,288. Total expenditure amounted to £644,923, showing an overall deficit of £32,835, which was in line with expectatlons. Reserves Pollcy
North Cheshire Methodist Circuit Trustees. Annual Report {contlnu8d) Year ended 31 August 2024 The Reserves Policy for the Circuit is to hold a minimum sum equivalent to three months average expenditure and a maximum of twelve months average expenditure in the general bank accounts. This should be sufficient to meel any unforeseen item of major expenditure and fund planned aclivities in the event ol any inability to raise the full Circult Assessment from churches. Plans forfuturo pgriods The Clrcuit Superintendent, Rev Neil Stacey, is standing down from that role on 31st August 2024 but will b8 continuing as a full-time presbyter. We are gratefLtI lo Nell for his leadership over many years. A new Superint8ndent wlll be joining the Circuit from 1st September 2024, One of the full-tlme presbyters is leavlng on 31st August 2024 and a replamen1 has not been found so the Clrcuit has asked a number of supernumerary presbyters to cover on a part tlme basis for one year. The trustees, annual report was approved on trustees by.. i.¥..l. i.1.202&nd signed on behalf of the l)oard of Rev Gordon Gresswell Superintendent Mlchael Hassall Treasurer
North Cheshire Methodist Circuit Independent Examiner's Report to the Trustees of North Cheshire Methodist Circuit Year ended 31 August 2024 I reportto the trustees on my examination of the financial statements of North Cheshire Methodist Circuit ('the charity.) for the year ended 31 August 2024. Responsibilities and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Acr). l pOrt in respect of my examination of the charity's financial ststements carried out under sects'on 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examlnerfs statement Since the charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records" or the financial statements do not compFy with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. G Mattocks FCA Independent Examiner 18 Mulberry Avenue Turnstone Business Park Wdnes Cheshire WA8 OWN i *J2/wi£
North Cheshire Methodist Circuit Statement of Financial Activlties Year ended 31 August 2024 2024 Unrestricted funds Total funds Total funds 2023 Not• Income and endowments Donations and legacies Charitable activilies Investment income 537,481 34,285 40,522 537,481 34,285 40,522 948.284 26.873 22.449 Total In¢ome 612,288 812,288 997,606 Expendlture Expenditure on charllable actlvitles Total expendlturè 644,923 644,923 644,923 680.233 644,923 680,233 Net lexpendlturolllncome (32,635) (32,635) 317,373 Other recognlsod galns and10$80$ Gains from revaluation of fixed assets 597,839 915,212 Nel movemenl In fund$ (32,635) (32,6351 Reconclllatlon of funds Total funds brought forward Total funds Carried toNard 2,990,240 2,957,605 2,990,240 2,957,605 2,075,028 2,990,240 The stat•ment of financial activities includes all galns and losses recognised in the year. All income and expenditure derive from continuing activilies. The noto$ on pages 11 to 18 form part of theso Ilnanclal statsmonts.
North Cheshire Methodist Clrcuit Statement of Flnancial Posltion 31 August 2024 2024 2023 Not8 Flxad assets Tangible fixed assets Investments 13 14 2,226,000 47,749 2,273,749 2,226,000 20,850 2.246.850 Current assets Debtors Cash at bank and In hand 15 21,741 785,331 807,072 12,769 836,939 849,708 Creditors: amounts falling duo withln on8 yoar Net current assets 16 123,216 106,318 683,856 2,957,605 743,390 Total ass•t8 less curr•nt Ilabllltlos 2,990,240 Net assot8 2,957,605 2,990,240 Funds of the charlty UnrestriGted funds.. Revaluation reserve Other unrestricted Income funds 1.335,691 1,621,914 1,335,691 1,654,549 Total unrestrlded funds 2,957,605 2.990,240 Total charlty funds 18 2,957,605 2,990,240 These financial statements were approved by the board of trustees and authorised for Issue on .Ig..i..1.1.2025nd are signed on behalf of the board by: rn. l4¢wJL Rev Gordon Gresswell Superintendent Michael Hassall Treasurer The notes on pag95 11 to 18 lorm part ol those flnanclal ststem•nt8.
North Cheshire Methodist Circuit Statement of Cash Flows Year ended 31 August 2024 2024 2023 Cash flows from operatlng actlvltlgs Net (expenditurellincome {32,635) 317.373 Adjustments for.. Other interest receivable and similar income Int8rest payable and similar charges Accrued expensesllincome) {40,522) (22,449) 114 (48,6631 19,870 Changes In.. Trade and other debtors Trade and other credilors {8,972) (2,972) 165,231) 742 7,486 Cash generated from operations 254,603 Interest paid Interest received {114) 22,449 276,938 40,522 Net cash (used in>lfrom operating activities (24,709> Cash flow8 from Investing actlvltles Purchases of other investments Proceed8 from sale of other investments 127,970) 1,071 {26,899) (660) 618 Net cash used in Investlng activitles 142) Net (decrease)Ilncrease in cash and cash equivalents Cash and cash equivalents at b•glnnlng of year Cash and Gash equlvalents at end of year {51,608) 836,939 785,331 276,896 560,043 836,939 Tho notos on pages 11 to 18 fomi part ¢1 th08e tlnanclal ststemonts. 10
North Cheshire Methodist Circuit Notes to the Financial Statements Year ended 31 August 2024 General Infomiatlon The charity is a public benefit entity and a registered ch8rity in England and Wales and is unincorporated. The address of the principal office is Flnance Steward. Clo, Helsby Methodist Church, Chester Road, Helsby, Cheshire., WA6 OAQ. Statement of Compllance These financial slatements have been prepared in complianc6 with FRS 102, 'The Financial Reportlng Standard applicable In the UK and the Republlc of Ireland,, Ihe Statement of Recofflmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and Ihe Charities Acl 2011. Accountlng poll¢lo$ VAT Since the Clrcult is not VAT registered, all Input VAT is charged wlth the expenses to whlch it refers. Ba$ls of preparatlon These accounts have been prepared on the basis of historical cost except that investm8nts are shown at their market value at the end of the year, on th8 arualS basis to show a true and falr view of the Circuit's financial position and actlvlties. Debtors and pr•payment$ Debtors relate to the payment of the September stipend In August. Golng concern There are no material uncertalntles about the charity's ability to continue. redltor Creditors include both sundry expense8 and specifically the 1 st quarter a8sessment received in August. Judgements and key sourc•$ of estlmallon uncgrtalnty The preparation of the financlal statements requlres management to make judgements, estimates and assumpiions that affect the amounts reported. These estlmates and judgemenls are ontinualSy reviewed and are based on experience and other factors, includlng expectations of future events that are believed lo be re8sonable under the circumstances, 11
North Cheshire Methodist Circuit Notes to the Flnancial Statements {¢onllnu¢d) Year ended 31 August 2024 A¢¢ountlng pollclas (conllnued) Fund a¢counting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trust8es for particular future project or commltment. Restricted funds are subjected lo restrlctions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes., restrlcted income funds or endowment funds. Incomlng resourcos Incomo Income Is includ8d in Ihe Statement of Financial Actlvllles (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficlent reliability. Re8our¢es expended This is recognised when a liability is incurred, or a constructive obligatlon arises, that result8 in the payment b8ing unavoidable. Liabilities are recogni8ed as soon as an outfSow of economic benefit is considered more likely than not under the legal or constructive obllgation committing the Circuit to pay out resources. Liabilities are recognised as soon as there is a legal or conslrLSCtive obligation committing the Circuit to pay out resources. Futur8 income has not been antlClP8ted (SORP 2005). Tanglble assets These are capltallsed If they can be used for more than one year, and Indlvidually $t at least £1,000. Th8 freehold property is shown in the accounts at 2016 deemed values. No depreciation IS Provided on the building because the trustees consider the current residual fair value of the manse buildings {on the assumption Ihat it had reached the end of its useful economic life by the year-endl to be not less Ihan its current value. Any depreciation would not be materi81. The propety has been reviewed for impairment. Inv•$tmont8 Unllsted equity investments arg initially recorded at cost, and subsequently measured al fair value. Iffair value cannot be reliably measured, assets are measured at cost less impairment, Llsled investments are measured at falr value wlth changes in fair value being recognised in income or expenditure. Inv•stments In a8soclate8 Investments in associates accounted for in 8ccordanc6 wilh the cost mod818re recorded at cost le88 any acGumulated impairment losses. 12
North Cheshire Methodlst Circuit Notes to the Financlal Statements (¢ontlnu¢d) Year ended 31 August 2024 Ac¢ountlng pollcles (contlnugdj Investments in assoclates (¢ontlnu¢d) Inv6slments in associates accounted for in accordance wllh the falr value model are inilially recorded at the transaction price. At each reporting date, the investments are measured at fair value, wlth changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue Cost or effort, the cost model will be adopted. Dlvldends and other distrlbutions recelved from the Investment are recognlsed as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisltion, Investments In Jolnt ventures Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impaimient losses. Invoslments In jointly controlled entllies accounted for in accordance with the fair value model are initially r8corded at the transaction prlc8. At each reportlng date, the Investments are measured at fairvalue, with changes in fair value tsken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted, Divldends and other di8tributions received from the investment are recognlsed as income without reg8rd lo whether the distributions are from accumulated profits of the joint ventur8 8rlslng before or after the date of acquisition. Impalrn)ent of flxed ass•ts A review for Indlcators of Impalrment Is carried out at each reportlng date, wlth the recoverable amount being estimated where such indicators exlsl. Where the carrying value exceeds the recoverable amounl, the assel Is impaired accordlngly, Prior impairments are also reviewed for possible reversal at each reporting dat8. For the purposes of impaimienl testing, when it Is not possible to estimate the recoverable arnount of an individual asset, an estimate is made of Ihe recoverable amount of the cash-generating unit to which the asset belongs, Financlal Instruments A financial asset or a financial liability is r8¢0gnised only when the entity becomes a party to the contractual provisions of the Instrument. Basic financial instruments are Initially recognlsed at the amount receivable or payable includlng any related transaction costs, unless the arrangoment constitutes a financlng transaction, where It is recognised at the present value of the future paymenls discounted at a market rate of interest for a similar debt instrument. Defined contrlbutlon plans Contributions to defined contribution plans 8re recognised as an expense in the period in which th8 related Service is provided, Prepaid contributions are recognis6d as an asset to the exlent that the prepayment will lead to a r8duction in future payment5 or a cash refund. 13
North Cheshire Methodist Circuit Notes to the Flnancial Statements (contlnu8dJ Year ended 31 August 2024 Ac¢ountlng pollcles (¢ontlnued} Defined contrlbution plans (contlnued) When contributions are not expe¢t8d to b8 S8ttled wholly within 12 monlhs of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arlses, Donatlons and legaclès Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Oonatlons As8e8sment or Share Church contribution - cost of layworkers Other grants and donations Sale of Tiverton churGh 435,935 435,935 449,619 449,619 56,484 4,574 15,000 56,484 4,574 15,000 25,000 6,858 466,807 25,000 6,858 466.807 Legacies Legacies 25,488 25,488 537,481 537,481 948,284 948,284 Charftable activltiOS Unrestricted Total Fund8 unstrICted Total Fund8 Funds 2024 Funds 2023 Renlal income 34,285 34,285 26,873 26,873 Invègtmont Income Unreslrlcled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable Investment Sncome 18,417 22,105 18,417 22,105 10,379 12,070 10,379 12,070 40,522 40,522 22,449 22,449 Expendllure on charitable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Direct ¢haritable actlvlties Support costs 643,207 1,716 643,207 1,716 644,923 678,779 1,454 678,779 1.454 644,923 680,233 680,233 14
North Cheshlre Methodist Circuit Notes to the Flnanclal Statements f¢ontlnued) Year ended 31 August 2024 Expendlture on charltable actlvltl¢s by a¢iivlty type Activities undertaken dIrecY Support T¢)tsl funds costs 2024 Total fund 2023 Direct charitable activities Governance costs 643,207 643,207 1,716 644,923 878,779 1,454 1,716 643,207 1,716 680.233 Audltors remuneratlon 2024 2023 Fees Payable for the audit of the finanGlal statements 1,600 1.500 10. Indeptndont examlnatlon f••s 2024 2023 Fees payable to the independent examlner for: Independent examination of the financial stalements 1,600 1,500 11. Staff Cost$ The average head count of employees during the year was 1112023.. 111. The average number of full-lime equivalent employees during the year is analysed as follows- 2024 No. 2023 No, Number of stsff 10 The average Monthly number of employees during the year was as follows.. Presbyters and Deacons 6, Lay Mission Employees 2, Circuit Adminlstrators 2 No 8mployee received employee benefits of more than £60,000 during the yèar (2023., Nil). 12. Trustee remuneration and expenses No remuneration or other benefits from employment wlth the charity or a related entlty were received by the trustees. 15
North Cheshire Methodist Clrcuit Notes to the Financial Statements (contlnued) Year ended 31 August 2024 13. Tanglbl8 flxed assets Land and buildings Cost At 1 Septembor 2023 and 31 August 2024 Depreclatlon At 1 September 2023 and 31 August 2024 Carrylng amount At 31 August 2024 Al 31 August 2023 2,226,000 2,226,000 2,226,000 Tanglblg flxed assets hold at valuatlon Included in the tsnglble fixed assets is an amount of £2,226,000 representing the valualion of properties held Sn the name of the charlty. and shown inclusive of a revaluation effective at 31 Augusl 2023, The trustees have elected lo state the value of Ihe properti8s at an amount provlded by an independent professional valuer, less those amounts falling due for payment to the Methodist Church of Great Britain upon the sale of each of the properties, 14. Investmonts Cash or cash equlvalents C08t or valuatlon At 1 September 2023 Additions Disposals At 31 August 2024 Impalmient At 1 September 2023 and 31 August 2024 Carrylng amount At 31 August 2024 At 31 August 2023 20,850 27,970 (1,071) 47,749 47,749 20.850 All investments shown above are held at valuation. 15. Debtors 2024 2023 Prepayments and accrued Income Other debtors 14,325 7,416 12,769 21,741 12,769 16
North Cheshlre Methodist Clrcuit Notes to the Financial Statements (CDntlnuj Year ended 31 August 2024 16. Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and deferred income 17,553 105,663 20,525 85.793 123.216 108,318 17. Penslons and other post retlroment benefits Deflned contrlbutlon plans The amount recognlsed In Income or expenditure as an expense in relation to defined contribution plans was £3,571 (2023.. £3,078). 18. Analysls of charltable fund8 Unrnstrlcted funds At 1 Sep 2023 G8ins and At 31 Aug losses 2024 Income Expenditure Transfers Unrestricted funds - General funds Unrestrlcted funds - Circuit Model Trust Fund R8valu8tion reserve 1,222,803 575,307 (614,081) 36,000 1,220,049 431,746 36,981 (30,862) (36,000) 401,865 1,335,691 1,335,691 2,957,605 2,990,240 612.288 (644,923) At 1 Sep 2022 Gains and At 31 Aug losses 2023 Income Expenditure Tr8nsfers Unfestricted funds - General funds Unreslricted funds - Circuit Model Trust Fund Revaluation reserve 1,157,740 519,365 1535,302) 81,000 1.222,803 179,436 478,241 (144,931 } (81,000) 431,746 737,852 2,075,028 597,839 1,335,691 997,606 1680,233) 597,839 2,990,240 17
North Cheshire Methodist Circuit Notes to the Flnancial Ststements (conunUj Year ended 31 August 2024 19. Analysls of net assets between funds Unrestricted Total Funds Funds 2024 Tangibl8 fixed assets Investments Current assets Crgditors less than 1 year N•t assets 2,226,000 2,226,OOQ 47,749 47,749 807,072 807,072 (123,216) {123,216} 2,957,605 2,957,605 Unreslricled Total Funds Funds 2023 Tangible fix8d assets Investments Current assets Cr8ditors less than 1 year Not assets 2,226,000 2,226,000 20,850 20,850 849,708 849,708 (106,318) (106,318) 2,990,240 2,990,240 20. Financlal Instruments Flnancial instruments are recognlsed only whèn the 8ntlty becomes a paty to Ihe contractua provisions of the instrument. 21. Analysls of ¢hange$ In not debt At At 1 Sep 2023 Cash flows 31 Aug 2024 Ca$h at bank and in hand 836.939 151,6081 785,331 18
North Cheshire Methodist Circuit Management Informatlon Year ended 31 August 2024 The followlng pages do not fomi part of the flnanclal statérnents. 19
North Cheshire Methodist Circuit Detailed Statement of Flnancial Activities Year ended 31 August 2024 2024 2023 Income and endowments Donatlons and legacles Assessrnent or Share Church ¢ontributlon - cost of layworkers Other grants and donations Sale of Tlverton church L6gacie8 435,935 56,484 4,574 15,000 25,488 537,481 449,619 25,000 6,858 466,807 948,284 Charltablo actlvltles Renlal income 34,285 26,873 Investm•nt Income Bank intgrest receivable Investmont income 18,417 22,105 40,522 10,379 12,070 22,449 Total In¢ome 812,288 997,606 Expendlture Expendlture on charltable actlvltles Wages and salaries Employer's NIC Pension costs Rates and water Repairs and maintenance Insurance Other establishment Other motorltr8vel costs Legal and professional fees Telephone Other office costs Other inlerest payable and similar charges District assessment Circuivdistrict payments CPF levy taken Other grants and donations 301,250 14,412 3.571 26,427 58,364 6,941 2,070 8,644 1,776 4,732 16,632 308,400 15,444 3,078 25,721 46,581 6,397 6,250 7,898 1,009 5,294 13,929 114 96,199 6,472 137,947 1,500 105,249 23,631 6,000 65,224 644,923 680,233 Total •xpendlture 644,923 680,233 Not {expendlture)Ilncomo (32,635) 317,373 20
North Cheshire Methodist Circult Notes to the Detailed Ststement of FFnanclal Actlvlties Year ended 31 August 2024 2024 2023 Expendlture on ¢harltablo actlvltlos Direct charitable actlvities Activitles undertaken dlrectly Wages and salaries Employer's NIC Pension cost5 utillties Repairs & maintenance InsuranGe 301,250 14,412 3,571 26,427 58,364 6,941 306.400 15.444 3,078 25,721 46,581 6,397 F i! Other establishment costs Olher motorltravel costs Legal and profession81 fees Telephone Other office Gosls Distrlct assessment Cir¢ultldl8trict payments CPF levy taken Other grants and donations 2,070 8,250 7,898 {331) 5,294 13,929 96,199 6,472 137,947 1,500 678,779 60 4,732 16,632 105,249 23,631 6,000 65,224 843,207 Governance costs Governance costs - accountancy fees Gov8manc8 Costs - audll fees Bank charges 1,600 116 1,340 114 1,716 1,454 Expendlture on charltable actlvltles 644,923 680,233 21