REGISTERED CHARITY NUMBER: 1134584
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] AUGUST 2023
FOR
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN
CONTENTS OF THE FINANCIAL STATEMENTS For the Year Ended 31[st] August 2023
Page Reference and Administrative Details 1 Report of the Trustees 2 - 5 Independent Examiner’s Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Financial Statements 9 - 20 Detailed Statement of Financial Activities 21
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REFERENCE AND ADMINISTRATIVE DETAILS
For the Year Ended 31st August 2023
TRUSTEES
TRUSTEES Rev W Hunter Rev S Smith Rev A L Makin Rev B Pet Mr B Riley (Treasurer) – resigned 31[st] August 2023 Rev K Hilsden Rev S Wild Mr D Leach Miss M Dugdale Mr C Fairclough Mr G Kay Rev P Gough (Chairman) Mr R Hailwood Rev R Ormrod Mrs C Hothersall Dr P Lumsden Mr P Gorst Mr R Matthews (Treasurer) – appointed 1[st] September 2023 PRINCIPAL ADDRESS 523 Blackpool Road Ashton On Ribble Preston Lancashire PR2 1EQ REGISTERED CHARITY NUMBER 1134584 INDEPENDENT EXAMINER Arc Accountancy Solutions Limited 51 Laverton Road Lytham St. Annes Lancashire FY8 1EN BANKERS Natwest Bank PLC 24 St. Annes Road West Lytham St. Annes Lancashire FY8 1HR INVESTMENT MANAGERS Trustees for Methodist Church Purposes
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES
For the Year Ended 31st August 2023
The trustees present their report with the financial statements of the charity for the year ended 31[st] August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:
(a) The Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; (b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church;
(c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
(d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church.
The District meets in Synod twice a year and in other groupings more regularly. It supports the training of ministers, both presbyteral and diaconal and provides the means for continuing training. The District encourages all in the circuits and churches to have a vision that is greater than the local area. The District employs people to work on its behalf in areas such as chaplaincy, administration, Safeguarding, Property and pastoral work in a variety of contexts.
Public benefit
We confirm the trustees have had regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE Charitable activities
The District held Synods in Autumn and Spring, focussing on two of the strands of our Mission Statement, ‘Transforming Lives and Communities’, namely ‘Enrich Communities’ and ‘Engage All’. Our Spring Synod, at the Lune Valley Hub, Brookhouse, in the North Lancashire Circuit was an all day Synod, with workshops throughout the afternoon exploring our work towards equality, diversity and inclusion.
During the year, the Lancashire District joined with Cumbria, Liverpool and Bolton and Stockport Districts in seeking permission to become one united North West England District. Resolutions were passed to this effect, and Methodist Conference approved this process. From 1[st] September 2024 Lancashire District will become part of the new North West England District. Manchester and Stockport District were continuing their discussions regarding whether to join or not.
The District continued to support missional projects in churches and Circuits throughout the year, through its grant making processes.
FINANCIAL REVIEW
Financial position
During 2022/23, the Lancashire District received total income of £429,136 (2021/22: £376,948) and expended £340,050 (2021/22: £298,733). The resulting surplus was increased by an unrealized net gain on investments of £1,584 (2021/22: £17,386 net loss), producing a net surplus of £90,670 across all Funds. The Trustees of the District are confident that the District is a going concern, principally because Circuits continue to meet their Assessments and the District has adequate reserves to cover any shortfall in anticipated income that may arise.
FINANCIAL
Financial position
To comply with the Methodist Standing Orders, monies for long term investments are lodged with the Trustees for Methodist Church Purposes, (TMCP). TMCP acts as custodian trustee for all real estate held by Districts and for all large (over £20k) bequests and for the proceeds of sale of any property formerly owned by the District. These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FTSE 100 index. The deposit income mirrors the deposit rates available elsewhere. The Lancashire District Trustees' investment policy is aligned with that of the CFB and TMCP because these organisations take into consideration the social, environmental and ethical considerations, both negatively and positively, that make investments suitable for the Methodist Church.
Short term deposits are lodged directly with the Central Finance Board, (CFB), and attract good rates of interest.
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES
For the Year Ended 31st August 2023
There are no bench marks for the expected returns or appreciation on investments at TMCP and CFB. It is the District's policy to manage the cash and investment resources of the District so that a rate of return on investment - both by way of dividend and capital appreciation - is obtained at least as good as market rate considering the District's low appetite for risk. The total return achieved in 2022-2023 on Lancashire District's TMCP invested funds was 3.61% for the year.
Reserves policy
All monies are invested with the CFB or TMCP with a certain amount kept in the Current Accounts for week by week expenses. The trustees have agreed a reserves policy for each fund, the key policies relating to the Methodist Church Fund and the General Expenses Fund, as follows:-
The reserves policy for the Methodist Church Fund is to hold a reserve equal to 25% of one quarter's Assessment payments received from the circuits, thereby allowing for late quarterly payments by one or more circuits. The quarterly payments for 2023/24 are £113,051 so the reserve of £12,451 at 31st August 2023 is £15,812 lower than the minimum reserve required of £28,263.
The Reserves Policy for the General Expenses Fund is to hold sufficient in reserve to cover six months’ expenditure, ie £105,745 based on the 2023/24 Forecast. The year-end balance of £117,196 results in an excess of £11,451. This sum is held to fund additional work on the Chairman's manse, including work arising from the quinquennial reviews, and also to minimise the increase in District Assessments for 2023/24.
The Reserves Policy for the District Advance Fund is to ensure that the amount in reserve is always at least equal to the sum of all approved and anticipated grants for the current and future years. At 31st August 2023, the Fund held a balance of £881,585, of which the sum of £52,400 was committed to future grants, leaving £829,185 uncommitted. The District Youth Fund is used to grant fund projects which encourage and develop work with young people across the District and has a similar policy in that the reserve must always be at least equal to the sum of all approved and anticipated grants for the current and future years.
Going concern
The trustees have assessed the charity’s ability to continue as a going concern and concluded the assumption is valid.
FINANCIAL REVIEW
Collaborative arrangements with connected charities
The District’s main source of funding was the assessments obtained from each Circuit within the District based on the staffing levels of the Circuit and this was used to fund most of the cost of administering the District. This sum amounted to £34,281 (2021/22: £47,457). The District also obtained from each Circuit with a reserve, known as a Circuit Model Trust Fund (CMTF), a levy based on the value of each Circuit's CMTF at the start of the Connexional year (01 September). In 2022/23 this sum was £96,973 and this was credited to the District Advance Fund (2021/22: £73,040). The District holds no funds as custodian trustee. It does, however, quarterly receive from Circuits within the District the Circuits’ contributions to the Connexion's Methodist Church Fund (MCF). These sums are collected as agent for the MCF and are passed to the MCF later in the same month as collected. Funds received by the District as agent are not recognised as an asset in the financial statements because the funds are not within its control. No fee is earned in respect of this agency arrangement and the District incurs no cost through this arrangement. A sum of £469,020 (£117,255 per quarter) passed through the District's Methodist Church Fund in 2022/23 (2021/22: £454,583).
FUTURE PLANS
The District plans to continue with Transforming Lives and Communities and to continue to support missional activities across the Lancashire District.
There will be continuing work with others across the North West Region, with neighbouring Districts and through ecumenical partnerships
There will be continuing work with ministerial appointments.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES
For the Year Ended 31st August 2023
The Lancashire District of the Methodist Church is an unincorporated association and was established by a Deed of Union (1932) and is governed by The Methodist Church Act (1976). It is registered as a charity with the Charity Commission.
Charity constitution and governance
The District operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. It relies on the Connexional Office at 25 Marylebone Road, London NW1 5JR to provide guidance on changes that could affect the District. The members of the District Policy Committee (DPC) are the Trustees of the Lancashire Methodist District.
The members of the DPC are appointed annually by a vote of the Synod for a continuous term not normally exceeding six years. The Chair of District is ex officio chair of the DPC. When a position becomes vacant on the DPC, nominations are invited from ministers and lay members of Circuits within the District. The Chair of the District then shares with nominees what the roles involve. If they wish to be considered for a role, their names and reasoned statements are taken to the DPC and the District Synod for appointment. Members may be either ministers or lay people attending Churches in the area covered by the District.
The DPC normally meets four times per year and deals with routine and exceptional matters. It oversees the work of the Grants Committee, the Nomination Committee for District Chair, the University Chaplain Management Group, the Child Friendly Church Group, the Reconciliation Group, the Complaints Support Group, the Lay Workers Support Group, the Ministers' Development Review Group, the Property Consent Panel, the Property Management Group, the Review Group, the Safeguarding Group, the World Church Links and the Methodist Schools Visitors.
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
Circuits are the coordinating charities for local groups of Churches; Circuits pay the stipends of the ministers and employ lay staff to serve the Churches in the Circuit; most decisions are made at or ratified by the four-/six-monthly Circuit Meetings. A District is the coordinating charity for a group of contiguous Circuits and makes its decisions at the half yearly Synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist Churches.
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Overall regulatory authority rests with the Methodist Conference.
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The Connexional Office implements decisions made by Conference and is also responsible for the stationing of presbyters and deacons (collectively known as ministers) in individual Circuits within the District.
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Connexional decisions are passed to the Chair of the District and the appropriate officers of the District for implementation.
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The District passes control down to Circuit level for local implementation by the Superintendent Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meeting for certain matters. 5. The Circuit Meeting passes regulatory control down to Church Councils for local implementation by the presbyter, the Church Stewards, and other officers, and this regulatory authority is then exercised by Church Councils as Managing Trustees of their charity.
Wider network
The District is an expression, over a wider geographical area than any Circuit, of the Connexional character of the Church.
The purposes of the Methodist Church are and shall be deemed to have been since the date of the union the advancement of:
a. the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and b. any charitable purpose for the time being of any connexional, District, Circuit, local or other organisation of the Methodist Church, and
c. any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and
d. any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church.
The primary purpose of this District is to advance the mission of the Methodist Church in Lancashire: 1. by providing opportunities for Circuits to work together and support each other 2. by offering to Circuits resources of finance, personnel and expertise.
The District serves the Local Churches and Circuits and the Conference in the support, deployment and oversight of the various ministries of the Church, and in programmes of training.
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES
For the Year Ended 31st August 2023
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The District is largely risk averse, but especially in making grants to entities embarking on new and imaginative initiatives, the District is prepared to underwrite considered risks. The District manages risks by being aware of them, quantifying their impact not only in cost terms but in possible reputational or structural damage , laying them off through an insurer and minimising them by not taking them or by setting up control systems which timeously report any significant change in the risk.
STRUCTURE, GOVERNANCE AND MANAGEMENT Responsibility of the District Policy Committee
(i) to formulate and promote policies which will advance the mission of the Church in the Circuits and Local Churches and, in particular, to supervise the use of resources of personnel, property and finance and to assist Local Churches and Circuits having exceptional problems;
(ii) to encourage inter-Circuit and ecumenical co-operation;
(iii) to act in an executive capacity in matters remitted to the Committee by the Synod;
(iv) to keep within its purview all District concerns not dealt with elsewhere;
(v) to contribute and respond to the development of Connexional policies as reflected in the work of the Conference and the Methodist Council, and to carry out its other responsibilities with any such development in mind;
(vi) to be aware that the stipend of the Chair of the District is set – currently by reference to the change over a year in the Consumer Price Index and to the annual change in the Average Weekly Earnings Index – using a formula that was agreed by the Methodist Conference for all ministers within the Connexion; (vii) constantly to be aware of and to take account of the public benefit guidance issued by the Charity Commission.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
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charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In addition to the above, the Trustees are responsible for Health & Safety. Training in the responsibilities of Trustees is offered to all new trustees soon after their appointment.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by order of the board of trustees on ……………………. and signed on its behalf by:
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Rev P Gough - Chairman – Trustee
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN INDEPENDENT EXAMINER’S REPORT
For the Year Ended 31st August 2023
I report to the charity trustees on my examination of the accounts of The Lancashire District of the Methodist Church in Great Britain (the Trust) for the year ended 31[st] August 2023 which are set out on pages 7 – 21.
Responsibilities and basis of report
As the Charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 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 examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply 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.
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Leanne Nield ACA Arc Accountancy Solutions Limited 51 Laverton Road Lytham St. Annes Lancashire FY8 1EN
Date: ........................................
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN STATEMENT OF FINANCIAL ACTIVITIES
For the Year Ended 31st August 2023
| Notes INCOME AND ENDOWNMENTS FROM Donatons and legacies 2 Charitable actvites Church actvites 4 Investment income 3 Other income 5 Total EXPENDITURE ON Charitable actvites 6 Ministry Mission Administraton Other Manses Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfer between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD* |
Unrestricte d funds £ 100 294,988 40,023 84,682 419,793 134,637 27,305 157,307 10,313 7,201 336,763 1,584 84,614 - 84,614 1,549,505 1,634,119 |
Restricted funds £ 8,303 - 1,040 - 9,343 - - 3,287 - - 3,287 - 6,056 - 6,056 40,690 46,746 |
2023 Total funds £ 8,403 294,988 41,063 84,682 429,136 134,637 27,305 160,594 10,313 7,201 340,050 1,584 90,670 - 90,670 1,590,195 1,680,865 |
2022 Total funds £ 9,303 302,939 8,116 56,590 |
|---|---|---|---|---|
| 376,948 121,124 38,970 120,863 1,045 16,731 |
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| 298,733 (17,386) |
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| 60,829 - |
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| 60,829 | ||||
| 1,529,366 | ||||
| 1,590,195 |
* See note 20 for a prior year adjustment to reclassify comparative funds between unrestricted and restricted funds.
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN BALANCE SHEET
as at 31st August 2023
| Notes FIXED ASSETS Tangible assets 13 CURRENT ASSETS Debtors 14 Investments 15 Cash at bank CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 447,773 5,462 1,047,712 138,029 1,191,203 (4,857) 1,186,346 1,634,119 1,634,119 |
Restricted funds £ - - - 46,746 46,746 - 46,746 46,746 46,746 |
2023 Total funds £ 447,773 5,462 1,047,712 187,382 1,237,949 (4,857) 1,233,092 1,680,865 1,680,865 1,634,119 46,746 1,680,865 |
2022 Total funds* £ 447,773 31,981 888,768 228,837 |
|---|---|---|---|---|
| 1,149,586 (7,164) |
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| 1,142,422 | ||||
| 1,590,420 | ||||
| 1,590,195 | ||||
| 1,549,505 40,690 |
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| 1,590,195 |
* See note 20 for a prior year adjustment to reclassify comparative funds between unrestricted and restricted funds.
The charity was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The financial statements were approved by the Board of Trustees and authorised for issue on …………………….. and were signed on its behalf by:
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Rob Matthews – Trustee/Treasurer
The notes form part of these financial statements
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Going concern
Based on the monetary assets and human resources available at 31 August 2023, the Trustees believe that the District is a going concern.
Content
The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £Sterling, rounded to the nearest pound.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Revenue grants are recognised on a systematic basis over the periods in which the charity recognises the related costs for which the grant is intended to compensate.
A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs, is recognised in income in the period in which it becomes receivable.
Individual amounts categorised as Other income in the SOFA will be shown separately if they are considered material.
The District acts as agent in three matters:
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the collection of quarterly assessments from circuits which are paid to the Methodist Church Fund
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the payment of expenses of representatives from the District to the Methodist Conference
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the collection taken at the spring synod on behalf of the Methodist Ministers’ Children’s Relief Fund
In all these matters the transactions are not reflected in the SOFA because there is no obligation on the District to make up any shortfall in assessments from Circuits. Sums received as Circuit assessments cannot be recognised as income in the District as they are the income of the MCF.
Volunteers
Every entity (Connexion, District, Circuit, Church) within the Methodist Church in Great Britain is heavily reliant on volunteers who contribute their skills, time and money in the furtherance of the work of the Church. Principally this contribution is by serving on committees of the District that deal with mission, manses, finance, policy, grants, training and development. We are grateful to all of them for their help and commitment. In accordance with the Charities SORP(FRS 102), the time of volunteers is not recognised and so no attempt has been made by this District to value these non-monetary contributions to the District in monetary terms.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probably that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
1. ACCOUNTING POLICIES – continued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they related.
Most ordained presbyters and deacons are members of the Methodist Ministers’ Pension Scheme (MMPS). This is a defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deacons) are not employees of the Church. For simplicity, however, when dealing with National Insurance Contributions and pension contributions, the term ‘employer’ and ‘employee’ are used as they would be in an employing body.
On the other hand, lay employees are contractually employees and have the option of joining the Pension and Assurance Scheme for Lay Employees of the Methodist Church (PASLEMC), The Pensions Trust or some other arrangement. PASLEMC is a defined benefit scheme and the employing Churches and Circuits contribute as employers to this scheme.
The Connexion accounts for both the MMPS and PASLEMC pension schemes and shows the figures in the annual Methodist Church in Great Britain accounts. The MMPS is in deficit but a plan for removal of the deficit has been proposed and is being implemented. Details of the deficits on these schemes can be found in the Annual Report and Accounts of The Methodist Church at www.methodist.org.uk.
Tangible fixed assets
These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2015 deemed values, of which the land component is deemed to be £111,943. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings to be not less than their current value. Any depreciation would not be material. The property has been reviewed for impairment.
Investments
The investments of the Lancashire District are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown in the SOFA.
Debtors and creditors; bank and cash
Debtors are stated at the amounts owed to the District or prepaid. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or amount advanced to the District. Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit account balances are shown at the realisable values.
Methodist Church Fund
Tangible fixed assets
The District acts as agent for the Methodist Church Fund (MCF) by collecting its assessments on Circuits and does not, therefore, include the assessments in the SOFA. If a circuit is late in paying its MCF assessment to the District but such sum is received before the quarterly transfer to the MCF, the amount paid late will be shown as a debtor in the District’s accounts. The sums received and paid during the year are shown in the Connected organisations and related parties note.
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
1. ACCOUNTING POLICIES – continued
Ministers’ manse costs
The District is required to provide accommodation for each Minister and his/her family. The District bears the cost of repairs, maintenance, building insurance, Council Tax and water charges. These costs are not shown separately as benefits-in-kind for Ministers as HMRC does not seek to tax these receipts in the hands of the Ministers.
2. DONATIONS AND LEGACIES
| Unrestricted funds 2023 £ Donatons 100 Grants - 100 Grants received, included in the above, are as follows: Mission in Britain grant re. Methodist Acton on Poverty & Justce |
Restricted funds 2023 £ - 8,303 8,303 |
Total 2023 £ 100 8,303 8,403 2023 £ 8,303 8,303 |
Total 2022 £ 181 9,122 |
|---|---|---|---|
| 9,303 | |||
| 2022 £ 9,122 |
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| 9,122 |
3. INVESTMENT INCOME
| Income from investments | Unrestricted funds 2023 £ 40,023 40,023 |
Restricted funds 2023* £ 1,040 1,040 |
Total 2023 £ 41,063 41,063 |
Total 2022 £ 8,116 |
|---|---|---|---|---|
| 8,116 |
* See note 20 for in-year correction for an immaterial prior year error.
4. INCOME FROM CHARITABLE ACTIVTIES
| Actvity Assessments on circuits Church actvites Connexional model trust funds Church actvites Connexional priority fund Church actvites Contributon to the cost of the chair Church actvites |
Unrestricted funds 2023 £ 34,281 96,973 119,272 44,462 294,988 |
Total 2022 £ 47,457 73,040 139,701 42,741 |
|---|---|---|
| 302,939 |
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THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
5. OTHER INCOME
| THER INCOME | ||
|---|---|---|
| Circuit recharges re. Layworkers Circuit recharges re. Manse Events income received Miscellaneous income |
Unrestricted funds 2023 £ 74,528 3,110 5,620 1,424 84,682 |
Total 2022 £ 52,213 4,377 - |
| 56,590 |
6. CHARITABLE ACTIVITIES COSTS
| Ministry Mission Administraton Other Manses |
District costs 2023 £ 122,487 - 150,289 10,313 7,201 290,290 |
Grant funding of actvites (see note 7)* 2023 £ 12,150 27,305 8,630 - - 48,085 |
Support costs (see note 8) 2023 £ - - 1,675 - - 1,675 |
Total 2023 £ 134,637 27,305 160,594 10,313 7,201 340,050 |
Total 2022 £ 121,124 38,970 120,863 1,045 16,731 |
|---|---|---|---|---|---|
| 298,733 |
* See note 20 for in-year correction for an immaterial prior year error.
7. GRANTS PAYABLE
Grants and donations totalling £92,121 were made to institutions during the year (2021/22 £141,070) as shown in the table below.
| Unrestricted From General Fund From District Advance Fund (DAF) to Circuits / Churches – Mission / Ministry to Circuits / Churches – Property to Circuits / Churches – General to District Services – Mission / Ministry to District Services – General From Designated Funds (Unrestricted) Subtotal Restricted From NW Training Forum* Subtotal Total |
Unrestricted funds 2023 £ 3,543 36,255 - 5,000 22,500 21,536 - 88,834 - - 88,834 |
Restricted funds 2023 £ - - - - - - - - 3,287 3,287 3,287 |
Total 2023 £ 3,543 36,255 - 5,000 22,500 21,536 - 88,834 3,287 3,287 92,121 |
Total 2022 £ 6,640 55,027 - 5,000 57,500 16,500 403 |
|---|---|---|---|---|
| 141,070 | ||||
| - | ||||
| - | ||||
| 141,070 |
* See note 20 for in-year correction for an immaterial prior year error.
It should be noted that in the SOFA, grants from the DAF to District Services are treated as ‘Transfers between Funds’. The District Advance Fund receives formulaically determined contributions from the Circuit Model Trust Funds held by Circuits within the District and redistributes the monies to grantees in the District through relevant grants as assessed by the District Grants Committee. The Grants Committee is aware that grant applications must demonstrate public benefit.
12
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
8. CERTAIN TYPES OF EXPENDITURE
The fees for the independent examiner make up the entirety of the support costs within administration expenditure.
| Independent examiner fees Other fees for accountancy services |
2023 £ 1,675 0 1,675 |
2022 £ 1,600 0 |
|---|---|---|
| 1,600 |
9. TRUSTEES’ REMUNERATION AND BENEFITS
The only Trustees who are employees of the District are the District Safeguarding Officer and the Chair’s PA/Administrator.
Trustees’ expenses
It is District policy to offer to reimburse members of the District Policy Committee and others involved in the administration of District affairs for expenditure properly incurred in carrying out their duties.
The Chair of the District undertakes the primary executive role within the District. Apart from the Chair of District, the District Safeguarding Officer, and the Chair’s PA, no member of the District Policy Committee was in receipt of any payment for work undertaken on behalf of the District, although certain travelling and administration costs were reimbursed whenever this was requested.
In the year administration costs have been reimbursed to 1 trustee (2022: 0 trustees), the District Safeguarding Officer, totalling £2,611 (2022: £nil).
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs Apprentceship Levy Total ministerial staf costs Plus Chair costs (see Note 12) Total ministerial staf costs including Chair Expenses |
Ministry £ 82,657 5,204 6,149 413 94,423 7,960 |
Administraton £ 50,683 3,910 2,921 253 57,767 6,788 |
2023 £ 133,340 9,114 9,070 666 152,190 44,462 196,652 14,748 |
2022 £ 106,621 6,932 8,347 533 |
|---|---|---|---|---|
| 122,433 | ||||
| 42,741 | ||||
| 165,174 | ||||
| 5,344 |
There are £74,528 salary recharges from Circuits received (2022: £52,213) for circuit-based layworkers whose payroll is processed by Lancashire District. These costs therefore appear in the total ministerial staff costs above, along with their salary recharges from the Circuits shown in Note 5 - Other Income.
There is no accrual for holiday pay as it is immaterial; the holiday year ends on 31 August. All staff are paid at or above the living wage.
The average number of staff employed by the District during the financial year amounted to:
| 2023 | 2022 | |
|---|---|---|
| Total | 8 | 8 |
No employees received emoluments in excess of £60,000.
13
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
11. COST OF CHAIR
The Chair of District chairs meetings of the District Policy Committee (DPC). The members of the DPC are the trustees of the District. The stipend, employer’s NIC and employer’s pension contributions of the Chair of District are paid by the Methodist Connexion. The Chair’s other costs are met by the District.
| ethodist Connexion. The Chair’s other costs are met by the District. | ||
|---|---|---|
| Stpend to Chair Employer’s Natonal Insurance Contributon Employer’s pension contributon to the defned beneft scheme Cash cost paid by the Connexion Chair’s expenses Total cost |
2023 £ 33,838 3,390 7,244 44,462 4,164 48,626 |
2022 £ 32,451 3,343 6,947 |
| 42,741 4,424 |
||
| 47,165 |
Since the stipend-related costs above (i.e. £44,462) are borne by the Connexion, they appear both in the Income of the District and the Expenditure of the District. It should be noted that the chair is required to occupy the District manse. The manse is provided by the Lancashire Disitrct and the District maintains the property. The Chair of District is the sole paid key management person and is supported by members of the DPC.
No accrual is made for the Chair’s entitlement to a sabbatical as his functions are undertaken by a Deputy Chair at minimal extra cost to the District.
14
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWNMENTS FROM Donatons and legacies Charitable actvites Church actvites Investment income Other income Total EXPENDITURE ON Charitable actvites Ministry Mission Administraton Other Manses Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfer between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2022 Unrestricted funds* £ 181 302,939 8,073 56,590 367,783 121,124 38,970 120,863 1,045 16,731 298,733 (17,386) 51,664 - 51,664 1,497,841 1,549,505 |
2022 Restricted funds* £ 9,122 - 43 - 9,165 - - - - - - - 9,165 - 9,165 31,525 40,690 |
2022 Total funds £ 9,303 302,939 8,116 56,590 |
|---|---|---|---|
| 376,948 121,124 38,970 120,863 1,045 16,731 |
|||
| 298,733 (17,386) |
|||
| 60,829 - |
|||
| 60,829 | |||
| 1,529,366 | |||
| 1,590,195 |
* See note 20 for a prior year adjustment to reclassify comparative funds between unrestricted and restricted funds.
15
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
13. TANGIBLE FIXED ASSETS
| ANGIBLE FIXED ASSETS | |
|---|---|
| COST At 1stSeptember 2022 and 31stAugust 2023 NET BOOK VALUE At 31stAugust 2023 At 31stAugust 2022 |
Freehold property £ 447,773 |
| 447,773 | |
| 447,773 |
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income 15. CURRENT ASSET INVESTMENTS Unlisted investments 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors |
2023 £ 4,000 1,462 5,462 2023 £ 1,047,712 1,047,712 2023 £ 2,432 2,425 4,857 |
2022 £ 27,532 4,449 |
|---|---|---|
| 31,981 | ||
| 2022 £ 888,768 |
||
| 888,768 | ||
| 2022 £ 4,814 2,350 |
||
| 7,164 |
16
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
17. MOVEMENT IN FUNDS
Income from investments
| Unrestricted funds General fund District Advance Fund District Benevolent Fund Chaplaincy Fund Methodist Church Fund District Youth Fund Restricted funds NW Training Forum Schools Support Fund World Church Fund Methodist Acton on Poverty & Justce TOTAL FUNDS** |
At 01.09.2022* £ 580,567 724,817 140,733 16,157 46,071 41,160 1,549,505 20,675 10,355 538 9,122 40,690 1,590,195 |
Net movement in funds £ (154,107) 200,804 5,650 (415) 31,464 1,218 84,614 (2,607) 360 - 8,303 6,056 90,670 |
Transfer between funds £ 121,689 (44,036) (2,916) (347) (65,084) (9,306) - - - - - - |
At 31.08.2023 £ 548,149 881,585 143,467 15,395 12,451 33,072 |
|---|---|---|---|---|
| 1,634,119 18,068 10,715 538 17,425 |
||||
| 46,746 | ||||
| 1,680,865 |
* See note 20 for a prior year adjustment to reclassify comparative funds between unrestricted and restricted funds. ** See note 20 for an in-year correction for an immaterial prior year error.
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund District Advance Fund District Benevolent Fund Chaplaincy Fund Methodist Church Fund District Youth Fund Restricted funds NW Training Forum Schools Support Fund World Church Fund Methodist Acton on Poverty & Justce TOTAL FUNDS |
Incoming resources £ 138,927 244,124 3,673 387 31,464 1,218 419,793 680 360 - 8,303 9,343 429,136 |
Resources expended £ (293,034) (43,320) (363) (46) - - (336,763) (3,287) - - - (3,287) (340,050) |
Gains and losses £ - - 2,340 (756) - - 1,584 - - - - - 1,584 |
Movement in funds £ (154,107) 200,804 5,650 (415) 31,464 1,218 |
|---|---|---|---|---|
| 84,614 (2,607) 360 - 8,303 |
||||
| 6,056 | ||||
| 90,670 |
17
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
17. MOVEMENT IN FUNDS – continued
Comparatives for movement in funds
Income from investments
| Unrestricted funds General fund District Advance Fund District Benevolent Fund Chaplaincy Fund Methodist Church Fund District Youth Fund Restricted funds NW Training Forum Schools Support Fund World Church Fund Methodist Acton on Poverty & Justce TOTAL FUNDS |
At 01.09.2021 £ 580,583 647,781 156,243 17,981 51,259 43,994 1,497,841 20,675 10,312 538 - 31,525 1,529,366 |
Net movement in funds £ (134,193) 168,536 (12,377) (1,750) 31,679 (231) 51,664 - 43 - 9,122 9,165 60,829 |
Transfer between funds £ 134,177 (91,500) (3,133) (74) (36,867) (2,603) - - - - - - - |
At 31.08.2022* £ 580,567 724,817 140,733 16,157 46,071 41,160 |
|---|---|---|---|---|
| 1,549,505 20,675 10,355 538 9,122 |
||||
| 40,690 | ||||
| 1,590,195 |
* See note 20 for a prior year adjustment to reclassify comparative funds between unrestricted and restricted funds.
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund District Advance Fund District Benevolent Fund Chaplaincy Fund Methodist Church Fund District Youth Fund Restricted funds NW Training Forum Schools Support Fund World Church Fund Methodist Acton on Poverty & Justce TOTAL FUNDS |
Incoming resources £ 115,928 225,409 3,587 130 31,679 172 376,905 - 43 - 9,122 9,165 376,948 |
Resources expended £ (240,999) (56,873) (407) (51) - (403) (298,733) - - - - - (298,733) |
Gains and losses £ - - (15,557) (1,829) - - (17,386) - - - - - (17,386) |
Movement in funds £ (125,071) 168,536 (12,377) (1,750) 31,679 (231) |
|---|---|---|---|---|
| 60,786 - 43 - 9,122 |
||||
| 9,165 | ||||
| 60,829 |
General Fund:
As the District’s MCF and General Expenses Fund work together to collect Assessments from Circuits and fund the District’s main activities, they combine to be classified as the District’s General Fund. The purpose of the General Fund is to use at the discretion of the Trustees in the furtherance of the general objectives of the District.
18
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2023
17. MOVEMENT IN FUNDS – continued
Other Designated Funds:
The funds are to serve specific purposes but are not restricted by any document or deed to that purpose alone. These funds comprise:
District Youth Fund – This is used to fund projects which encourage and develop work with young people across the District, including a contribution to young people’s events.
Chaplaincy Fund – Will be used in the near future to help fund the Lancaster University Chaplain post following the cessation of grant funding.
Benevolence Fund – The Fund is available for use across a range of cases of hardship, including ministers, lay-staff, laypeople and anyone on the community suffering hardship. It can also be used to support the consequences of national or global disasters. The sum in reserve is well in excess of the sums normally required and the District Team is looking at the Fund and how it could be used.
Restricted Funds:
The restricted funds are the School’s Support Fund, the NW Training Forum which is being used to fund the Children and Youth Worker Enablers’ training project across the North West region, and the Lancashire District World Church Fund. This Fund is used to support our partner churches in Sierra Leone and Papua New Guinea. It is managed by a committee reporting to the District Policy Committee, and its accounts are separately maintained and audited, before being brought into the District accounts.
Transfers between funds
During the year £44,036 (2022: £91,500) was awarded in grants to district services as follows:
| £ | |
|---|---|
| to support the Godly Play Bus project | 22,500 |
| To support the pension arrears payment | 21,536 |
| In additon, a sum of £347 (2022: £5,810) from interest on investments was transferred from unrestricted | designated |
| funds to the unrestricted General Fund to supplement funding for the day-to-day actvites of the District. |
18. CONTINGENT LIABILITIES
Grants are recognised annually only as and when performance conditions attaching to the award are met, even when the award is for a recurrent grant over more than one year. All grants awarded for payment in future financial years are conditional on the Grants Committee being satisfied, on the basis of progress reports from the grantee, that the grant’s achievements to date justify the payment of further instalments of that grant. Such commitments are noted as contingent liabilities and included within the District Advance Fund in these accounts, as follows:
| Planned to be paid in the future Total commitment |
£ 52,400 |
|---|---|
| 52,400 |
This sum is comfortably within the balance of £881,585 held in the DAF at 31[st] August 2023 and further sums are expected to be credited to the DAF from CMTF Levies and CPF distribution in future years.
19
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st August 2023
19. CONNECTED ORGANISATIONS AND RELATED PARTY DISCLOSURES
All of the District trustees are members of one or another Church and Circuit within the District and may be trustees in their Churches and/or Circuits.
Connected organisations include the Methodist Connexion, Circuits and Churches within the District, other Methodist Districts in Great Britain, the CFB and TMCP. All of these have their own trustees or directors and autonomous administration such that Lancashire District has no significant influence over any of them, nor they over the Lancashire Methodist District. They are, therefore, not considered related parties.
Name of Connected Organisation
| Donee: Methodist Church Fund Donee: Churches within the Lancashire District (grants) Donor / Donee: Circuits within the Lancashire District (levies / grants) Donor / Donee: Connexional Priority Fund (Levy on sale) Donor: Circuits within the Lancashire District (Assessments from Circuits) Donor / Donee: Circuits within the Lancashire District (recharges) Donor / Donee: Liverpool Methodist District (recharges) TOTAL |
Receipts £ 96,973 119,272 402,040 77,638 695,923 |
Payments £ 436,535 25,900 12,895 1,000 |
|---|---|---|
| 476,330 |
20. PRIOR YEAR ADJUSTMENT
Fund reallocation
In the previous year a Connexional ‘Mission in Britain’ grant totalling £9,122 was received from the Central Methodist Church specifically for the purpose of Methodist Action on Poverty & Justice, tackling poverty in the local area. This grant should have been restricted for this purpose, whereas in the prior year it was held as unrestricted funds. Therefore, a prior year adjustment has been made to the closing fund reserves balance to move this prior year grant from unrestricted to restricted funds.
| Funds | Previously recorded 21-22 closing funds |
Amendment | Amended 21-22 closing funds |
|---|---|---|---|
| Unrestricted | 1,558,627 | (9,122) | 1,549,505 |
| Restricted | 31,568 | 9,122 | 40,690 |
| Total | 1,590,195 | - | 1,590,195 |
NW Training Forum – restricted fund in-year correction
During 2022-23, the trustees realised that no transactions had been posted for the NW Training Forum Restricted Fund account since part way through 2020-2021. The transactions that had been omitted were £73 interest income from 202122, a £231 grant payment (administrative purposes) from 2021-22 and another £3,056 grant payment (administrative purposes) from 2020-21. The net impact of these omitted transactions was an overstatement on the brought forward restricted funds of £3,214 (NW Training Forum). Given this error is immaterial, no prior year adjustment has been made, with the error being corrected through the 2022-23 accounts without adjusting the brought forward reserves.
20
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN DETAILED STATEMENT OF FINANCIAL ACTIVITIES
For the Year Ended 31st August 2023
| INCOME AND ENDOWNMENTS Donatons and legacies Donatons Grants Investment income Income from investments Charitable actvites Assessments on circuits Connexional model trust funds Connexional priority fund Contributon to the cost of the chair Other income Other income Total incoming resources EXPENDITURE Charitable actvites Staf costs paid by the District Wages Social security Pensions Ministry Godly Play Bus Ministerial and lay training Administraton Cost of the chair incurred by the Connexion Chair expenses Property secretary reimbursement Property secretary expenses Postage and statonery Telephone and internet IT and computer costs Payroll administraton Other ofce expenses Staf pension payments Other staf expenses Synods, commitees and conference TMCP admin charges Service charges Finance administraton Manses Property maintenance Insurance and ground rent Council tax and water Other Sundries (including events) Grant funding of actvites Grants to insttutons Support costs – Governance costs Independent examiners fee Total resources expended Net income before gains and losses Realised gains/(losses) on fxed asset investments Net income |
2023 £ 100 8,303 8,403 41,063 34,281 96,973 119,272 44,462 294,988 84,682 84,682 429,136 114,225 7,194 7,900 24,278 3,785 44,462 4,164 22,872 13 267 400 1,802 520 1,783 25,286 3,784 864 2,533 144 6,500 430 1,134 5,637 10,313 48,085 338,375 1,675 340,050 89,086 1,584 90,670 |
2022 £ 181 9,122 |
|---|---|---|
| 9,303 8,116 47,457 73,040 139,701 42,741 |
||
| 302,939 56,590 |
||
| 56,590 | ||
| 376,948 | ||
| 88,175 5,064 7,224 23,968 4,845 42,741 4,424 21,970 569 185 1,311 1,538 480 471 - 351 - 2,363 108 6,500 11,674 971 4,086 1,045 67,070 |
||
| 297,133 1,600 |
||
| 298,733 | ||
| 78,215 | ||
| (17,386) | ||
| 60,829 |
21