REGISTERED CHARITY NUMBER: 1134584 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGusf 2024 FOR THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN coNrENTS OF THE FINANOAL STATEMENTS For the Year Ended 31" August 2024 Pa£e Reference and Administrative Details Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-20 Detailed Statement of Financial Activities 21
THE LANCASHIRE DISTRicf OF THE MEfHODIST CHURCH IN GREAT BRITAIN REFERENCE AND ADMINISTRATIVE DEfAILS For the Year Ended 31st August 2024 TrUSTEES liev W Hunter Rev S Smith IlevA L Makin Re¥ B Pettitt Re¥ K Hi15den Rev S Wild MrD Leath Mis5 M Dugdale Mr C Fairclough MrGKay Rev P Gough IChalnY6anl Mr R Haifrwood Rev R OrmrrAI Mrs C Hothwsall Dr P Lumsden Mr P Gorst Mr R matthe ITreasurerl-appolnted l# September 2023 PRINCIPAL AIX)RESS 523 BlackF)d Ro1 Ashton On Ribble Preston Lanca5hlre PR2 IEQ REGISTERED CHARFfY NUMBER 1134584 INDEPENDENT EXAMINER Afc Actountancy Solutlons Umjted 51 La¥erton Road Lytham St. Ann Lancashire FY8 IEN 8ANKER5 Natwest Bank PLC 24 St. Annes Road West Lytham St. Annes Lanca5hiie FY8 IHR INVESTMENT MANAGERS Trustees for Methodist Church Purposes
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES For the Year Ended 31st Au8USt 2024 The trustees present their feport with the fi'nancial ststements of the charity for the year ended 315t Au8USt 2024. The trustee5 have adopted the provisions of Accounti and ReportinE by Charities.. Statement of Recommended Practice appllcable to charlties preparing their accounts In accordance wlth the Financial Reportlng Standard appllcable In the UK and Republic of Ireland {FRS 1021 (effective l January 20191. OBJECTIVESAND ACTNITIES ObjectSves and aims The purposes of the Methodist Church are and shall be deemed to have been slTh the Date of Union the advancement la) The Christian faith in accordance with the doctrinal standards arrfl the discipline of the Methodlst Church: Ibl Any charitable purpose for the time being of any Connexional. District. Circuit. local or other organisation of the Methodlst Church: Icl Any charitable purpose for the tlme belng of any society or Instltutlon subsidiary or antillary to The Methodist church: Id) Any purpose for the time beln8 of any charlty being a chaTIty subsldlary or ancillary to The Methodist Church. The Dlstrict meets in Synod twice a year and in other groupings more regularly. It 5UPPOrt5 the training of min15ter5. both presbyteral and diaconal and provides the means for continuing training. The Distrirt encourage5 all in the clrcvits and hurches 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, safeguardi Property and pastoral work in a variety of Contexts. Publlc benefft We confirm the trustees have had regard to the Charity Commission's guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charltable artlvltles The Distrlct continued to support mlsslonal projects In churches and Circuits throughout the year. through its Brant maklng proce55es. During the year, the Lancashire District agreed to become part of a new North West England Dlstrlct of the Methodist Church, to be formed by mer8in8 with Cumbria, Bolton & Rochdale, Ltverpool and Manchester & Stockport Dlstrlcts. The merger took effect from 111 September 2024 at which point all of Lan¢ashire Dlstrict's assets, liabilities and actlvlties were transferred to the Manchester & Stockport Distfict, the receiving entity for the merger, that entity then belni renamed North West En8land Dlstrlrt. Thè charlty has ceased to operate In all respects slnce 111 September 2024. HNANaAL REVIEW Flnandal t{Oft During 2023124, the Lancashire Distrirt reiVed totsl income of £559.46112022123: £429,136) and expended £302,063 12022123: £340.0501. The resulting 5urplu5 Wa5 increased by an unrealized net gain on investments of £16.628 (2022123.. £1,584), producing a net surplus of £273,02612022123: £90,670) across all Funds. The trustees consider that the flnancial position of the charlty was strong at year end when it5 assets were transferred to the North West Eland Di5trirt. FINANCIAL Flnanclal posttl To comply with the Methodist Standin8 Orders, monies lor lon8 term Investments are lodged with the Trustees for Methodist Church Purposes, ITMCPI. TMCP acts as custodian trustee for all real estate held by Districts and for all large lover £20kl bequests and for the proceeds of sale of any property formerly owned by the Dlstrict. These sums are invested in unit15ed Investments or held on deposlt. The investment returns are Close to tratkln8 the movements in the FTSE IIJ) index. The deposit income rnirrors the deposit rates available elsewhere. The Lancashire Dlstrict Trustees, investment policy 15 ali8ned with that of the CFB and TMCP because these organisatis)ns take Into consideration the social. environmental and ethical considerations. both ne8atlvely and posltively. that make Investments sultable for the Methodist Church. Short term deposits are lodged dirertly with the Central Finance Board, {CFBI, and attract good rates of interest. There are no bench mark5 for the expected return5 or appreciation on investments at TMCP and CFB. It is the District's policy to manage the cash and investment resources of the District 50 that a rate of return on investment - both by way of divldend and capital appreciation - is obtained at least as good as rnarket rate considerlng the Dlstrict's low appetlte for r15k.
THE LANCASHIRE DISTRicf OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES For the Year Ended 31st August 2024 Reser¥es pol All monies are invested with the CFB or TMCP with a certain amount kept in the Current Accounts for week by week expenses. The trustee5 have agreed a reser$ policy for each fund: the key one5 are a5 folkiws:_ The Reserves Policy for the General Expenses Fund is to hold sufficsent in reserne to cover six months. expenditure. ie f 97,500 based on the 2023124 total spend of £195,(W lexduding cost of Chair and grant giving). The year-eDd balance of £81.624 {total general fund £529,397 less fixed assets £447,773) results in a shortfall of £15.876. which is considered within tolef ènce. The Re5er¥es 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 orants for the current and future years. At 31st August 2024, the Fund held balance of El.178.846. of which the sum of E44,41X) was committed to future grants. leaving El.134.446 uncommitted. The District Youth Fund is used to grant fund projects which encourage and develop Work wtth young people across the Dlstrict and has a 5irnilar policy in that the reSee must always be at least equal to the sum of all approved and anticlpated grant5 for the current and future years. GOI concem The trustees have assessed the charity's ability to continue as a going concern and concluded the assumption is valid. FINANaAL REVIEW Collaborative arraniements wlth cMnerled tharltle5 The Di5tricfs main source of fundinR was the assessments obtained from each Circult within the District based on the staffing levels of the Clrtuit ar this was used to furKI most of the cost of administerirg the District. This sum amounted to £67,54212022123." £34.281). The District also obtained from each Circuit w(th a reserve. known as a Circuit Model Trust Fund ICMTF), a levy based on the value of each Circuit's CMTF at the start of the Connexional year101 September). In 2023124 th1$ sum wa5 £139,50512022123: £96.9731 and this was credlted to the Oistrirt Advano Fund. The Distrlct holds no funds as Custodian trustee. It does. however, quarterly recelve from Circuits within the District the Circuits. contributions to the Connexion's Methodist Church Fund IMCFI. These surn5 are collected as agent for the MCF and are passed to the MCF later tn the same month as collected. Funds received by the District as agent are not recognised as an asset in the financial statements because the f unds are not within its control. No fee is earned in respect of this agency arrangement and the District incurs no cost through this arrangement. sum £446,092 (£111,523 per quarterl passed through the District's Methodist Church Fund in 202312412022123: £469,020). FIJTURE PLANS The District plans to continue with Transforming Lives and Communitie5 and to continue to support rnissional attlvltles across the Lancashire District. There wlll be contlnulng work wlth others across the North West Region. wlth neighbowlng Dlstrirts and through ecumenical partnerships There wl1 I be continuing work with ministerial appointments. These future plans and any commitments made In respect of them will be carrfied into the North West England Dlstrict at 1st September 2024. STRUCTURE. GOVERNANCE APID MANAGEMEiir Govern1 d0ment The charity is controlled by Its governing document. a deed of rrust and constitutes an unincorporated charity. The Lancashire Di5trirt of the Methodist Church is an unincorporated association and was established by a Deed of Union 119321 and is governed by The Methodist Church Ad119761. It is registered a5 a charity with the Charity Commission. Charlty ¢(ltIon aNI g(v•emance 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 NWI 5JR to provide guidance on changes that could affert the District. The members of the Distritt Poliry Commrttee (DPCI are the Trustees of the Lancashire Methodist Distrirt. The members of the DPC afe appointed arlnually by a vote of the Synod for a continuous tenn not normally exceeding Six years. The Chair of District 15 ex officio chair of the OPC. When a position becomes vacafrt on the DPC. rK)minations are invited from ministers and lay members of Circuits wkthin the District. The Chair of the District then shares with nominee5 what the roles involve. If they wish to be considered for a role. their name5 and reasoned statements are taken to the
THE LANHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN REPORT OF THE TRUSTEES For the Year Ended 31st August 2024 DPC arml the District Synod for appointment. Members may be either ministers or lay people attending Churches in the area covered by the Dlstrict. The DPC nomwlly meets four times per year and deals with routine and exceptional matters. It oversees the work of the Grants Comrnittee, the Nomination Commtttee for District Chair, the University Chaplain Management Group, the Child Friendly Church Group. the Reconaliation Group* the Cornplèint5 Support Group. the Lay Worker5 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. STRucfuRI GOVERNANCE AND PaANAGEMENT Organlsatltywl structure Circuits are the coordinating charities for local groups of Churches- Circuits pay the stipends of the minister5 and employ lay staff to serve the Churches in the Circuit: most decisions are made at or ratif led by the four-lsix-monthly Circuit Meetings. A Distrirt is the coordinating charity for a group of contiguous Circuits and makes it5 decisions at the half yearly Synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist Churches. l. Overall regulatory authority rests with the Methodist Conference. 2. The Connexional Office implements decision5 made by Conference and is also Tespon5ible for the stationing of presbyters and deacons {collectively known as minister51 in indNidual Circutts within the District. 3. Connexional decisions are passed to the Chair of the Districl and the appropriate officers of the Distrirt for Implementatlon. 4. The District pa55es control down to Circuit level tor local irnplementation by the Superintendent Minister. ministeri?1 staff and Circult Stewards, and authority Is delegated to the Clrcult Meeting for certain matters. 5. The Circuit Meeting passes regulatory control down to Church Councils lor 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. Wlder network The Dlstrlct 15 an expresslon. over a wlder 8eographlcal area than any arcult. of the Connexlonal character of the Churth. The purposes of the Methodlst Church are and shall be deemed to have been slnce the date of the unlon the advancement of: a. the Chrf5tlan 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 . any purpose for the time being of any charity being a charity subsidiary or anclllary of the Methodist Church. The primary purpose of this District is to advance the mission of the Methodist Church in Lancashire: l. by providing opportunities for Circuits to work together and support each other 2. by offerIf to Circuits resources of finance. personnel and expertise. The Dlstrict serves the Loeal Churches and Circuits and the Conference in the support. deployment and over5i8ht of the various ministries of the Church. and in programmes of training. lilsk mana8ement The trustees have a duty to identify and review the risks to which the charity is exposed and to en5ufe approprlate controls are in place to provide reasonable assurance against f raud and error. The Distrirt 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 manage5 risk5 by being aware of them, quantifying their impact ngt only in cost terms but in possible reputational or structural damage . laying them off through an insurer and minimi5ing them by not taking them or by setting up control systems which timeously report any significant change in the risk. STRucfuRE. GOVERNANCE AND MANAGEMENT ResponbilIty of the Dlstrict PolSLy Conynlttee lil 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- lill to encourage inter-circuit and ecumenical co-operation- liiil to act in an executive capaclty in matters remitted to the Committee by the Synod:
REPORT OF IHE TRUSTEES Fry the Year Ended 31st AW 2024 Ivl) to be thBt the tynd ofthe Chalrol the laArkt ts set-arndy ty rthreKe to the (h•w a y•ar IA Prnctkek The law apKable to dwt11kn5 In Enaland Waks. thè ¢JwlllesAct 201L awrlty I•zcouoLS and Relrts) ftgGulatlon5 which ii¥e • true ar4 falr of the stst¢ of •ffaI of thÈ ch•rtty and of th• inelbvthi resoUe5 •xl ¥pplScatiim of the tntstees feqthred to The trustees resPbIt for eeplng prop•r xcoun ¥euwds dlsdose Twlth Ytsoftat accuraLy at aftv tome finwKi•l 995lthpn of the dmrlty and to Ip ft•wMI ¥tstffl%nl# SpIY th Char111•5 Act 1011. thi Charfty IAceThffit5 arnl RegrAts} ftesulatlons 2(¥A and tho PrtrAan5 of the tntst deed. •r• also respty16lQ foi s•fyrdk4 ofthe dwflty and lK• for I••ble st•p ft the prentkn 5$ ollernd to all new trteS SI) aft•r thtlr •PWntmnt. Rev PhH &J¥h Lanca5hlre Dlstrkt Chalr Oe: /L)'i/ioiS Date: Ifl•l Izoz
THE LANCASHIRE DISTRicf OF THE METHODIST CHURCH IN GREAT BRITAIN INDEPENDENT EXAMINER'S REPORT For the Year Ended 31st August 2024 I report to the charity tru5tee5 on rnyexaminationof theaccountsofThe Lancashire Distrltt of the Methodist church in Great 8ritaln (the Trust) for the year ended 31*August 2024 wh•ch are set out on pages 7- 21. Responsibllltles •nd ba515 01 vepwt As the Charity'5 trustees of the Trust w)u are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respert of my examination of the Tru5Ys accounts carried out under section 145 of the Art and in carrying out mv examination I have folbwed all the applicab Diretti0n5grl bythe charity Commission undef 5ectv)n 145(5)Ibl of the Act. Independent eJ¢4mlnees st•tement Since Vouf ch?rty'5 gross income exceeded £250.1YXI trt)ur examiner must be a member of a listed W. I can confirni that I am qualified to undertake the examination because l am a re8iSteTed mernber of the Institute of Chartered Accountants in England and Wales IICAEWI whlch Is one of the listed bodies. I have completed my examlnation. I confirm that no material matters have come to my attention in connection wlth the examination glvlng me Cause to believe that in any material respect: accounting records were not kept in respert of the charity as required by Section 130 of the Art; or the accounts do not accord with those records: Of the atcounts do not comply with the appltcable requirements concerning the form and content of accounts set out in the Charitles IAccounts and Reports) Regulations 2CM)8 other than any requirement that the accounts £l¥e a 'true and fair view. which is not a rnatter conSered as part ol an intlependent examination. I have no conterns and have come acro no other matters In connertlon with the examlnation to whlch attentlon should be drawn in this report in order to enable a proper urKlerstandin8 of the accounts to be reached. Leanne Nleld ACA Arc Accountancy Solutions Limited Sl Laverton Road Lytham St. Annes Lèncashire FY8 IEN Date,.
THE IANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31st August 2024 2024 Total funds 2023 Total funds Unrestricted funds Restrirted funds Notes INCOME ANO ENDOWt4MENTS FR( Donations and legacies IA50 21.234 23.084 8.403 Ch4rltabh *cthAtl•s Church actt¥itle5 Investment income Other income 395.S37 76,613 62W8 395.537 77.942 62.898 294.988 41.063 84.682 1,329 Total 536.898 22.563 559,461 429,136 EXPENDIWRE ON Ch•rltable •ctfvltles Ministry Mission Administration Other Manses 102.237 35.588 128.824 9.949 8,738 102,237 42.915 133.824 15,349 8.738 134.637 27.305 160.594 10,313 7.201 7.327 Tot•1 285.336 17.727 302.063 340.050 Net gains1{10ssesl on in¥estments 16.628 16.628 NET INCOMEI{EXPENDITURE) 268.19) 4.836 273,026 90,670 Transfer between funds NET MOVEMENT IN FiINDS 268.190 4.836 273.026 90.670 RÉCONauATION OF FUNDS Total fund5 brought forward• L634.119 46.746 1,680,865 1,$90,195 TOTAL FUNDS CARRIED FORWARO 51.582 1.953.891 1.680.86S
THE LANCASHIRE D15tRKfoF THE METHODIST CHURCH IN GREAT BRITAIN BALANCE SHEET as at 31st Au8USt 2024 202a Unrestricted Totsl lunds lrtes ED Assm Tan8ible aets 13 447.7T3 447,773 447,773 Debtors 14 15 7,(K17 1,362,680 253.232 5.462 1.017.712 ITI.382 1.362.6 201.650 Cash at bjnk 51.582 1,57L337 5L582 J.622.919 1.237.949 CIIEDiro Amounts fallkq due wrthin one ar 16 1116J>l} (116AIII 14A571 CURREKf ASSErs 1.454536 1.506.118 1,233.092 1,9)2.31 51,582 1.953,891 1.68OA65 1,gll,309 1.953.891 1.6W.865 FUND5 Llnrestrlrted funds Restrkted funds 17 1,902.309 $1,582 L634.119 46.746 TOTAL FUNDS 1.953.891 1.680A65 The charity w•$ entlil•d to exemption from audtt uTrJff s477 of th¢ Comp•nies Act 26 relaliJ¥to YMII cornpanies. The members h•ve not requlrndthe COmnY ¢0 obl•in an audit ih Kctydano 5ertion 476 olthe CoMp•nieSA(12(. The ITlee5 ackn¢wled8e thek respxdlbllltS for coryityNry ith the reqywemerts Df the Conwniès Act tfth speCt to accountirq records and the ppITalIOn of ?¢(ourts. I$e h•% beeft weyred In accoid•nce wRh the pmtslofig •pplk•ble to sm41 ccmp4fv svbleel k4 the sfflal companies re8lme ond in •cco¥thnce wlth FAS102 SORP. The finaAckl ststements wern apwoved ty the Bowd of Truslees and for i55ue on 6Juty 2025 and We 4rd on its behall by. eve Cooper- 140 h West Ereland llistrict Treasurer Date.. ... Successor Tiustee body to the Lancashife District Pollcy Committee followin8 the district mtr8er •nd forniation op I September 2024 of the North West En8land Distrlct The note5 form part ol firwrKial 51aiements
THE LANCASHIRE DISTRicf OF THE mHoDIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 I. ACCOUNTING POLICIES Basis of preparing the finandal 5t•tments The financial statements of the charity, which is a public benefit entity under FR5 102. have been prepared in (OrdanCe with the Charities SORP {FRS 1021'Accountingand Reporting bycharities: Statement of Recommended Practice. apleable to charities preparingtheiraccounts in auordancewith the Financial Reporting Stsndard appIlble in the UK and Republic of Ireland IFRS 1021 (effertive l January 20191, and the Charitles kt 2011. The finanaal SLitements have been prepared under the historkal cost conNntion. Golry concern Based on the monetary assets and human Tesources a¥3ilable at 31 August 2024. the Trustees believe that the Distrkt is a gotng concern. Conte The financial information presented is rele¥ant. rebable. cornparable and compkne. Where estimates are used these are based on emperience. research and judgement. The accounts are expressed in ESterlin& rounded to the nearest pound. Income All Income Is recognised In the Statement of Flnancial Acti¥itles once the charity has entitlement to the funds, It is probable that the Income wlll be recelved and the amount be measured rellabty. Revenue arants are rect)L on a systematic basis o¥w the pthods in whkh the charty reco8nlses the related costs for which the grant Is Intended to compensate. A grant that becomes receivable as compensation for e¥penses or losses already Incurned. or for the purpose of gSving immediate finandal support to the company with no future related costs. Is reco8nised in Income In the period in which it becomes receivable. Individual amounts cate8orised as Other Income In the SOFA will be shown separatdy If they are ¢onsldered materlal. The Distrirt acts as a8ent in three matters.. the collection of quarterly a5se55ments from drcuits which are pald ro the MetlKxIi5t Church Fund the payment of expenses of repre5entstr¥es from the District to the Methodist Conference the colleLtion taken at the sprin8 synod on behalf of the Methodist Ministers. Children's Reliel Fund In all these matters the transartton5 are not refiected in the SOFA because thefe is no obligation on the District to make up any shortfall in asses$FntS from Circuits. 5m$ received as Cirwit assessments cannot be recognlsed as Income in the District as they are the income of the MCF. Volunteers Every entity Iconnexion. District. CircuiL Church) wlthin the Methodisi chuwch in Great Britain is heavily reliant on volunteers who contribute their skills. time and mow in the furtherance of the work of the Church. PrwKipalty this contribution 15 by serving on committee5 of the Distrirt that deal with mi5s+on, manses. finance. policy, grants. training and devetopment. We are grateful to all of them for their help and commitment. In accordance with the Charities SORP{FRS 1021, the time of volunteer5 is not recognised and so no attempt has been made by this District to valuethese non-monetary contributions to the District in monetary temis. Expendlture LiabS1ities are reco8nised a5 expendltilfe as 500n 4$ there is a le811 OT constfurtlveoblatIon committlng the charlty to that expenditure. it is probabty that a transfer of economK benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expeftditure is accounted for on an xcruals basis and has been ctassified under headings that aggfegate all cost related to that category. Where costs cart be directly attributed to particular hthidlnes they have been allocated to actimties on a basis cortsistent with the use of resources. Grants offered 5ubjert to conditK4n5 which have rt been met at the end date are noted as a commitment but not accrued as expenditure.
THE LANCASHIRE DISTRI OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 I. ACCOUNTING POUCIES- contlnued T•x4tion The charity 15 exempt from tax on its charitable artivit. Fund accountir Unrestricted fund5 can be used in accordance with the charitable PUTP05es within the objects of the charity. RestrictlOn5 arise when specified by the donor or when fvnds are raised for particular restyiued purpose5. Fyrther explanatlon of the nature and purpose of eath fund is Induded in the note5 to the financial statements. Penslon costs and other post-retlrement beneffts Contributions payable to the charltvs pension scherne are charged to the Statement of Financial Activities in the period to which they related. Most ordained presbyters and de•con5 are membersof themethodist Ministers, Penslon Stheme IMMPSI.Thi5 15 a defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers Iwhlch term includes presbyters and deacons) are not employees of the church. For slrnplicty, hoTNever. ¥then deallng wtth Natk)nal Insurance Contributlons and penslon contrlbutlons, the terni 'employerf and'employee. are used as theywould be in an employing body. On the other hand, lay employee5 are contractualty employees and have the option of joinins the Pension and Assurance Scheme for Lay Employee5 of the Methodist Church {PASLEMCI, The Penslons Trust or some other arrangement. PASLEMC is a defined benefft stheme and the employlng Churche5 and arcuits contribute as employers to thls scheme. The Connexlon a¢Unts for both the MMPS and PASLEMC pensh)n sd*mes and shows the flgures in the amual Methodist Church in Great Britain accounts. The MMPS 15 in deficit but a plan for removal of thedeficit has been proposed and Is bein8 Implemented. Details of the deflcits on these schemes can be found in the Annual Report and A¢tount5 01 The Methodlst Church at www.method15t.or8.uk. Tanilble flxed •s5ets These are capitalised if theycan be fry more than oneyear. and individuallycostat least Él.LK)O. The freehold Property IS shown in the accounts at 2015 deemed v•lues. 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 fail 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. Investrn•Trts The Investments of the Lancathlre Olstrlct are held by the Trustees for Methodist Church Purposes ITMCPI as cu5todiaft trLt5tees. The valuations, ai market value, are tl)ose wovided by TMCP. The unrealised 8ains arisin8 on investment5 at the end of the year ale shown in the SOFA, Debtors and ¢redltors. bank and tssh Debtors are stated at the amounts owed to the District OT prepaid. Creditc$ are initialty recognised at settlement amount after any tfade discounts. where normal credit terms appty. oi 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 sho¥m at the reali5able values. Meihodlst Churth Fund Tnble fixed assets The District acts a5 agent for the Methodist church Fund IMCF) by collecti118 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 paKI late V4ry11 be shown as a debtor in the District's accounrs. The surns ceIVed and paid during the rare shown in the Connected organisations and related parties note. 10
THE LANCASHIRE DISTRICT OF THE MEfHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 ACCOUNTING POUCIES- contlnued Minlstèrs. mansè fosls The District is required to provide accommodation for eath Ministef and ht5lher family. The Distrirt bears the cost of repairs. maintenance. building insurance. Council Tax and water chawges. These costs are not shown sepafatety as benefit5- in-kind for Ministers as HMRC does not seek to tax these receipts in the hands of the Ministers. DONATIONS AND LEGACIES Unrestricted funds 2024 Restricted fun& 2024 Total 2024 Total 2023 Donations Grant5 1.850 13.505 7.729 21.234 15.355 7,729 23,084 i(KJ 8.303 8.403 Grants received, included in the above. a as follow5: 2024 2023 Mission in Brltaln grant re. Methodlst Attlon on Poverty & Justice 7.729 7.729 8.303 8.303 INVESTMENT INCOME Unrestrlcled lunds 2024 Restrlcted funds 2024 Total 2024 Total 2023 Income from investments 76.614 76,614 1.328 1.328 77.942 77.942 41.063 41.063 IP4COME FROM CHARITABLE ACTivnES Unrestricted funds 2024 Total 2023 A¢tivilv Church •ctivities Church activitles Church activitles churth acti¥iiie5 Assessment5 on circuits Cor)nexlonal model trust funds Connexional prioxity fund Contribution to the cost of the chair 67.542 139,505 140.624 47,866 395,537 34.281 96.973 119.272 44,462 294,988 li
THE LANCASHIRE DISTRICTOF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 OTHER INCOME Unrestricted fund5 2024 Restricted hjnds 2024 Unrestricted funds 2024 Total 2023 Circuit recharges fe. Lawworkers Circuit recharg re. Manse Events income received church service collections Miscellaneous income 53.634 4.799 53.634 4.799 74.528 3,110 5.620 4,374 91 62.898 4.374 91 62,898 1,424 84,682 CHARITABLE ACTIVITIES COSTS Grant funding of activit5 {see note 71 2024 Support Costs Isee note 81 2024 Distrirt costs 2024 Total 2024 Total 2023 Ministry Mission AdrnSnisiratlon Other Manses 91.870 10.367 42,915 102.237 42,91S 133.824 15.349 8,738 303,063 134.637 27.305 160,594 10.313 7,201 126.774 15,349 8,738 242.731 2.050 S8.282 2.050 7. GRANTS PAYABLE Grants and donations totalling £74,530 were made to institutlons durlng the 112022123 £91.1211. Grants totallln8 £7.867 were made to individuals during the ar(2022/25 £nlll. These afe shown In the table belrm. Unrestricted Restricted funds funds 2024 2024 Total 2024 Total 2023 From General Fund From District Advance Fund IDAFI to Clrcuits / Churches- Mlssion / Mlnlstry to Circuits I Churches- Property to Clrcuits / Churches- General to District Services- Mission l Ministry to Distrirt Services- General Subtotsl 23.134 23.134 3.543 16,454 16,454 36,255 24,115 24,115 22.500 21.536 88.834 63,703 63,703 Restricted From World Church Fund From NWTraining knum Subtotal 5.827 5,827 3.287 3.287 IOR27 10.827 Total Brants to Instltutlons 63.703 10.827 74.530 92.121 Total 8r•nts pald to Indl¥ldu•b Ilfom deslAn•tod fvndl 7.867 7.867 Tot•1 grants pald 71.570 10.827 82,397 92.121 12
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 GRANTS PAYABLE (continued) It should be noted that in the SOFA. grnnts from the DAF to Distrsct Services are treated as Yransfers between Funds,. The District Advance Fund receives fonnulaically determined contributions from the Circuit Model Trust Funds hekl bv Circuit5 Wlthin the Distrirt and redistributes the monies to gr¥ntees in the District through relevant grants as assesseil by the Dbstrict Grants Committee. The Grants Committee ts aware that grant applications must demonstrate public benefft. CERTAIN TYPES OF EXPENDITURE The fees for the independent examiner make up the enttrety of the 5UPPOrt costs within adminlstratlon expenditure. 2024 2023 Independent examlner fees Other fees for a£ctyJntancy Services 2.050 1.675 2.050 1,675 TRusfEES' REMUNERATION AND BENEFITS The only Trustees who are employees of the Di5trirt are the Dlstrlrt Safeguardlng officer and the Chairfs PA/Administrator. Trustees. expenses It is District policy to offer to reimburse members of the District Policy Committee and other5 involved in the administration of Dlstrict affalrs for expenditure properly incurred in c4rryin8 Out theif duties. The Chalr of the District undertakes the primary executi¥e role within the Distrirt. Apart from the Chair of DIrkt, the Dlgtrlct Safeguardlnl Offker. and the Chairfs P& no member of the District Pollcy Committee was In recelpt of any payment for work underlaken on behalf of the District. althou8h certaln travellin8 and admlni5tratlon costs were reirnbursed whenever thls was requested. In the year admln15tration and tra¥el costs have t*n reimbursed to 4 truslees12023: 1 trustees), totalling £6.06712023: £2,611). 10. sfAFF COSTS Ministry Administration 2024 2023 Wages and salarles S¢xial security costs Other pension costs Apprenticeship Lewi Total minlstort•l staff costs Plus Chair costs (see Note 111 Totsl mlnisterf•l staff costs Includ1 Chalr 55.219 5.717 2.873 276 52.810 4.150 3.169 264 60,3913 108.029 9.867 6.042 540 124,478 47,866 Ill.344 133.340 9.114 9,070 666 152.190 44,462 196.652 Expenses 5.357 3,551 8,908 14.748 There are £53,634 salary recharge5 from Circuits fecebved12023: £74.528} for clrcult-based layworkers whose payroll Is processed by Lancashire District. These costs therefore appear in the total minlsterial staff costs above. along With their salary rechar8es from the Circuits shown in Note 5 - Other Income. There is no accrual fof holiday pay as it is immaterial; the holiday yeai ends on 31 August. All 5tsff afe paKI at or above the living wage. The avèrage number of stsff empk)yed by tht District during the financial year amounted to: 2024 2023 Total No employees received emoluments in excess of £60.1Th. 13
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 11. COST OF CHAIR The Chair of Oi5trirt chairs meetings of the District Policy Committee IDPCI. The members of the DPC are the trustees of the District. The stipend, employerfs NIC and employerfs pension contributions of the Chair of District are paid by the Methodist Connexton. The Chairfs other costs are met by the Distr1. 2024 2023 Stipend to chair Employees National Insurance Contribution Employerfs pension contribution to the dellned benefrt scheme 36,3(Ll 3.754 7.812 33A38 3390 7.244 Cash c05t paid by the Connexion Chalr's expenses 47A66 4.236 44.462 4.164 Total cost 52.102 48.626 Since the stlpend-related costs above li.e. £47.8661 are borne by the Connexlon, they appear both in the Income of the Distrirt and the Expenditure of the Distrlct. It should be noted th* the chair is required to occupy the District manse. The manse Is Provided by the Lancashire District and the District maintains the property. The Chaif of District is the sole pald key management person and is supported by members ol 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 Distrirt. 14
THE LANCASHIRE DISTRICT OF THE MEfHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES 2023 Unrestrocted funds 2023 ReStrted funds 2023 Total funds INCOME AND ENDOWNMENTS FROM Donations and letIeS 8,303 8.403 Ch•rlt•bl• •ttS¥ltles Church activittes Investment income Other income 294.988 40.023 84.682 294.988 41.063 84.682 Total 419,793 9,343 429.136 EXPENDITLIRE ON Ch•rltable •ctlvltl•s Mlnistry Mission Administratioft Other Manses 134.637 27.305 157.307 10.313 7.201 134.637 27,305 160.594 10.313 7.201 3.287 Tot•1 336.763 3,287 340.050 Net gainslllossesl on investments 1,584 NET INCOMVIEXPENDITVRE) 84.614 6.056 90.670 Transfer between bjnds NET MOVEMENT IN FU14DS 84.614 6.056 90.670 RECONCIUATM)N OF FUNDS Total fvnds W foThv• L549.505 I,5.195 TOTAL FUPIDS CARRIED FORWARD 1,634.119 46.746 1,680.865 15
THE LANCASHIRE DISTRicf OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 13. TANGIBLE FIXED ASSETS Freehold Pfoperty COST At 1st September 2023 and 31st August 2024 447.773 NET BOOK VAIUE At 3151 August 2024 447.773 At 311t August 2023 447.773 14. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income Cash held in NWED- pre-transfer date 1,252 572 5.183 7.(K17 1.462 5.462 15. CURRENT ASSET INVESTMENTS 2024 2023 Unlisted investments 1.362,680 1.362.680 1,047,712 1.047,712 16. CREDITORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 2024 2023 Trade cfedrtors Other creditors I14,)1 2.432 2,425 116.801 16
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 17. MOVEMENT IN FUNDS Income from investments Net movement in funds Transfer between funds At 01.09.2023 At 31.08.2024 Unrestrlcted funds General fund District Advance Fund DistTlCt Benevolent Fund Chaplaincy Fund Methodist church Fund District Youth Fund 548,149 881.585 143.467 15.395 12.451 33.072 1.634.119 158.591} 321.376 11.495 1.145 39.839 124,1151 {2.6021 16721 112.4511 529.397 1.178.846 152.361 15068 17.2351 268,190 25.837 1.902.309 Restr5cted lunds NW Training Forum Schoo15 Support Fund World Church Fund Methodist Action on PertY & Justice 18.068 10.715 538 17,425 46,746 19,7021 561 6,247 7,729 4,836 8.366 11.276 6,785 25,154 51.582 TOTAL FUNDS 1.680.865 273.026 1,953.891 Net movement In funds. Induded in the abo¥e are as follows. Incoming re50UTces Resources expended Gains and 1055es Movement in funds Unrestrlrt•d funds General fund District Advance Fund District 8enevolent Fund Chaplaincy Fund Methodist Church Fund Distrlct Youth Fund 190,585 340.343 3.577 716 1249,1761 118.9671 18.2371 1441 158.591) 321,376 11.495 L145 16,155 473 1,677 536.898 18.9121 1285,3361 17.23SI 268,190 16,628 Reslrlcted fvnds NW Training Forum Schools Support Fund World Church Fund Methodist Action on Poverty & Justice 698 561 13.575 7.729 22,563 110.41X)I 19.7021 561 6,247 7.729 4.836 {7.3271 117.7271 TOTAL FUNDS 559.461 I302,(3> 16.628 273.026 17
THE LANCASHIRE DISTRICT OF THE mHoDIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 17. MOVEMENT IN FUNDS- continued Comparatives for movernent in Iw Income from investments Net movement in funds Transfer between funds At 01.09.2022 At 31.08.2023 Unre5trlcted fwbds Gener31 fund Dlstrlct Advance Fund District 8enevolent Fund Chaplaincy Fund Methodist Church Fund Di5trlct Youth Fund 580.567 724,817 140.733 16.157 46.071 41.160 1.549.505 1154,1071 2CM).804 5.650 141SI 31,464 1.218 84.614 121.689 {44.0361 12,9161 {3471 165.0841 19.3061 548.149 881.585 143.467 15395 12.451 33.072 1,634,119 NW Tralnln8 Forurn Schoo15 Support Fund World Church Fund Methodlst Action on Poverty & Justice 20.675 10.355 538 9.122 12.6071 360 18.068 10,715 538 17.425 46,746 8,303 6.056 TOTAL FUNDS 1.590,195 90.670 1.680.865 Net movement in funds. Sncluded In the above are as folkms: Incomin Resources expended Gains and losses Movement in funds Unr•strlct•d funds General fund Distrlct Advance Fund District Benevolent Fund Chaplaincy Fund Methodist Church Fund District Youth Fuhd 138,927 244.124 3,673 387 31,464 1,218 419.793 1293,0341 143,3201 13631 1461 1154,1071 200.804 5,650 14151 31.464 1,218 84.614 (7561 1336.7631 1,584 Aestrlrt¢d fvnd$ NW Trainin8 Fowm Schools Support Fund World Church Fund Methodist Action on Poverty & justice 13.287) 12,6071 360 3FAI 8.303 9.343 8.303 6.056 13.2871 TOTAL FUNDS 429,136 1340.0501 1.584 90.670 General Fund: As the Districvs MCF and General Expenses Fund work together to collect Assessments from Clrcuits and fund the Distrrfs main acttvities. 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 Trustee5 in the furtherance of the general objectives ol the Distrirt. 18
THE LANCASHIRE DISTRicf OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 17. MOVEMENT IN FUNDS- contlnued othor De51gnat•d Funds: The funds are to serve spe¢ifK purposes but are not iestricted by any document or deed to that purpose alone. Thesefunds comprise: District Youth Fund-This 15 Used to fund projerts which encourageand develop work with young people across the District, including a contribution to young people's eNtnts. chaplaincy nd-wIlL be used in the nearfutufe to help fund the Lanter University Chaplain p05t foliowingthecessation of grant funding. Benevolence Fund - The Fund is a¥ailable for use across a range of cases of hardship, Including ministers. lay-staff. lay- people and anyone on the communiry suffering hardship. It tan also be used to support the consequences of national or global disasters. The sum in reserve is well in excess of the sums noimalty required and the District Team is looking at the Fund and how it could be used. Restrlrted Funds: The restricted funds are the School's Support Fund, the NW Training Fowm which is being used to fund the chiklren and Youth Worker Enabler5' training project across the North West re8ion. and the Lancashire Distria World Chwch Fund. This Fund Is used to support our partnw churches in S3 Leone and Papua New Guinea. It is managed by a committee reportin8 to the Disirltt Policy Committee, and its accounts are separately maintained and audited. before being brought into the District atcounts. Transfers betw*n luTrdi During the year £24,11512023.' £44.0361 was awarded in 8Tants to distritt services Js follows: to support the God Play Bus project 24,115 In addition. a sum of £3.27412023: £3471 from interest on Investments was transferred from unre5tTlcted de$ated tunds to the unrestrKted General Fund to supplement funding fur the day-to-day actNitie5 of the District. 18. CorINGENT LIA8IUTIES Grants are recognised annually only as and when perfomlante conditions attathing to the award are met. even Tthen the award Is tor a recurrent grant over more than one year. Alt grants awarded for payment in future financial years are conditional on the Grints 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 commltments are noted a5 contingent liablllties and Included wtthin the District Advance Fund in these accounts, as follows- planned to be pald in the future Total commitment This sum is comfortabtyiwlthin the balance of £1.178N6 held in the DAF at 31st August 2024 and further sums are experted to be credited to the DAF fvom CMTF Le¥ie5 and CPF distr+bution in future ar5. 44,41Y) 19
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31st August 2024 19. CONNECTED ORGANISATIONS AND RELATED PARTY DISCLOSURES All of the DistrirttfU5tees are members of one orafiother Church and Circuit within the Distrirt and may betrustees in their Churches andlor Circuits. Connetted or8anlsatlons include the Methodist Connexion. Circuits and Churches within the D15tfiCt. other Methodist Districts in Great Britain. the CF8 and TMCP. All of these have their Own trtlstees or directors and autonomous administration suth that Lancashlre District has no signifKant influence over any of them. nor they Dr the Lancashlre Methodist Distrirt. Thry are. therefore. not conSered related parties. Name of Connected Organisation Receipts Payments Donee.. Method15t church Fund Donee: churthes wlthin the Lancashlre 0Sstrict18rants) Donor l Donee.. Circuits wthin the Lancashire Distrirt (levies l grants) Donor l Donee.. Connexlonal Priority Fund (Levy on sale) Donor.. Circutts within the Lancashire District IAssessments from Circuits} Oonor l Donee.. Circuits within the Lar*cashTre Districr {rethar8esl Donor / Donee.. tiverpool Methodist District Irechargesl Donor / Donee.. Manchester & Stockport Methodlst Distrirt (recharges) TOTAL 446m2 20,411 5.662 139,505 140.624 521.IXKI 58.433 859,562 475.365 20. NON-ADJUSTING EVENT AFTER THE END OF THE REPORTING PERIOD: ASSEfs AND UABIUTIES TRANSFERRED TO NORTH WEST ENGLAND METHODIST DISTRICT On 1st September 2024, The Lancashire District of the Methimlist Churth in Great Britain ceased to exlst. with all of its operation. responsibilities. assets and liabilities transferred to the newly formed North West England Methodist District. The table below shows the11st of a55ets and liabilrties as at 315t August 2024 that were transferred. le4nI nrf assets ot £nil In The Lancashlre District of the Methodlst Church In Great Britaln from tst September 2024 onward5.' 2023-24 Assets Tangible assets - manse Trade debtors Investments 1,82 1,362,68 258 415 Cash at bank Liabilities Creditors & Accruals 1116.801 I,9539 Total 20
THE LANCASHIRE DISTRICT OF THE METHODIST CHURCH IN GREAT BRITAIN DETAILED STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31st August 2024 2024 2023. INCOME At4D ENDOWNMENTS l)onation5 aTrd le8•aes Donations Grants 15.355 7.729 23.084 loo 8,303 8.403 Investment Intome Income from investments 77.942 41.063 Charlt•ble •ctlvltles A5se55ments on circuits Connexional model trust funds Connexional priority fund Contribution to the cost of the chair 67,542 139,505 140.624 47,866 395.537 34,281 96.973 119.272 44.462 294.988 Other Incom• Other income 62.898 62.898 84.682 84.682 Tot•1 Incomlng resourrts EXPENDMJRE Ch•rltable artl¥ltles Stoff costs pam by the lxstrfrt Wa8es Soclal security Pensions Mlnlstry Godly Play Bus Ministerial and lay training Admln15trntlon Cost of the chair incurred by the Connexion Property secretary reimbursement Posta8e and stationery Telephone and internet IT and computer costs Payroll adminlstration Travel expenses Other office expenses Staff pension payments Other staff expenses Synods. committees and conference TMCP admln charges Service charges Finance administration Monses Property maintenance Insurance and ground rent Councll tax and water Other Sundries lincluding e4entsl Gruntfundlng oAtKtlvltles Grants to institutions Grant5 to individua15 559.461 429.136 87.429 7.591 4.780 114.225 7.194 7,9fYJ 23,795 24.278 3,785 47.866 24.678 116 632 44.462 22,872 267 476 1.802 520 3.9 1.796 25.286 3,972 864 2,533 144 6.5 528 4,635 856 1.680 2,986 138 6,5(KJ 2.110 1.443 5.186 430 1.134 5.637 15,348 10.313 50.415 7.867 301.013 48JJ85 338.375 Support costs- Governanc• Costs Indepèndent examiner5 fèe 2.050 1.675 Totsl resour¢es expended 303,063 340.050 14et income before pins and losses Re•llsed 8ainsll1055esl on fixed asset Investments 256.398 89,086 16,628 1,584 Plet Income 273,026 90.670 ' 2023 odmini5tmtion expense comparative5 ha4* been reollocated beemn Categ5 to better reflect the nature of expenditure. Totalwior yet7r expenditure remoins unchonged. 21