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)
(Retl￿d 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 (¢OntIn￿d}
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 repla￿men1 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 ex￿eded £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$ls of preparatlon
These accounts have been prepared on the basis of historical cost except that investm8nts are
shown at their market value at the end of the year, on th8 a￿rualS basis to show a true and falr
view of the Circuit's financial position and actlvlties.
Debtors and pr•payment$
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 un￿strICted 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
dIrec￿Y
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 (CDntlnu￿j
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 (conunU￿j
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