2020-08-31-accounts

		Page
Trustees' Annual Report
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2020	2020	2020	2019
Income and endowments
from:
Donations and legacies Charitable activities		2a 2b	389 182,142	59,521	389 241,663	1,881 245,752
Investments		2C	3,534	7,044	10,578	6,389
Other income		2d	99,710		99,710	459,913
Total income			285,775	66,565	352,340	713,935
Expenditure on:
Charitable activities			277,822	47,645	325,467	321,824
Total expendit:ure			277,822	47,645	325,467	321,824
Net (expenditure)/income			7,953	18,920	26,873	392,111
Transfer between	funds	10,11	170,919	(170,919)
Gain on revaluation	offixed
assets						231,000
(Loss)gain on investment assets				(343)	(343)	238
Net movement in	funds		178,872	(152,342)	26,530	623,349
Total funds brought	forward	10,11	490,234	2,062,124	2,552,358	1,929,009
Total fund carried	forward	9-11	669,106	1,909,782	2,578,888	2,552,358

Fixed assets		Notes	31"August 2020 E	31"August 2019
Tangible fixed assets Investments		4 5	1,295,611 614,782	1,295,000 767,124
Current assets			1,910,393	2,062,124
Debtors: amounts within one year	falling due		2,867	15,033
Cash at bank and	in hand		712,503	508,751
Current liabilities			715,370	523,784
Creditors: amounts falling due within one year		7	(46,875)	(33,550)
Net current assets			668,495	490,234
Total assets less	current
liabilities			2,578,888	2,552,358
Funds:
Unrestricted funds Restricted funds		9,10 9-11	669,106 1,909,782	490,234 2,062,124
			2,578,888	2,552,358

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
					2020	2020	2020	2019
	b. Charitable activities:					E		E
	Assessments				162,405		162,405	245,752
	Introduced funds from Valley Church		Childwall		19,737	59,521	79,258
					182,142	59,521	241,663	245,752
	c. Investments:				E			f
	Bank Interest				3,534		3,534	2,454
	Income from UK listed investments					7,044	7,044	3,935
					3,534	7,044	10,578	6,389
	d. Other income:
	Branch income							5,366
	Gains on disposal oftangible fixed asset							20,436
	Loan interest				132		132	555
	Net proceeds from sale		of	Banks
	Road Church/Childwall		Valley		88,648		88,648	423,296
	Church
	Rental income				10,930		10,930	10,260
					99,710		99,710	459,913
3.	Expenditure on charitable			activities
					Direct	Support &	Total	Total
					Charitable	Governance	2020	2019
					Expenditure	Costs
					E
	Upholding the Methodist
	Connexional Policy of 'Our
	Calling', which through learning, caring, service	worship, and			268,416	57,051	325,467	321,824
	evangelism, forms the basis of
	Christian discipleship.

a.Analysed as follows:
Direct charitable expenditure:		2020 f		2019
Staff salary costs		118,636		122,009
Pension		22,200		24,178
Ministerial expenses		5,401		10,514
Lay worker expenses		2,168		3,017
Grants		45,613		17,625
District assessment		50,560		54,344
Manse expenses Bank Road expenses		17,787 693		49,900
Branch expenses Books and materials				13,855 579
United Reform Church Conference expenses	fees	3,980		3,900 1,267
Gifts and donations		1,054
Room hire		324
		268,416		301,188
		2020		2019
Support 8 governance	costs:
Investment charges Other expenses		47,645		9,089 139
Circuit office		1,111		2,124
Stationery and postage		391		306
Computer costs		10
Legal and professional	fees			410
Motor expenses				657
Apprentice levy		543		747
Insurance		5,266		4,597
Subscriptions and memberships		452		423
Travel expenses				664
Payroll fee		480		480
Accountancy		1,000		1,000
Depreciation		153
		57,051		20,636
Total expenditure on charitable activities		325,467	.	321,824

Staff Costs	2020	2019
	E
Gross wages and salaries	109,393	113,104
Social security costs	9,243	8,905
Pension	22,200	24,178
	140,836	146,187

equivalents	, was as follows:
		2020	2019
Charitable	activities	5.4	5.5

are not remunerated for their services Tangible fixed assets	as a Trustee.
	Freehold	Fixtures	Total
Cost or revaluation Balance as at 1"September 2019	Property 1,295,000	and Fittings	1,295,000
Additions during the year		764	764
Balance at31"August 2020	1,295,000	764	1,295,764
Accumulated depreciation Balance at 1"September 2019
Charge for the year		153	153
Balance at31"August 2020		153	153
Net Book Value at31"August 2020	1,295,000	611	1,295,611
Net Book Value at31"August 2019	1,295,000		1,295,000

			2020	2019
Market value	at 1"September 2019		E 767,124	560,675
Income Sale proceeds less levy			7,044 108,313	3,935 669,413
Funds Introduced			39,855
Charges			(1,653)	(9,089)
Withdrawals			(305,558)	(458,048)
Net realised assets	(loss)/gains	on investment	(343)	238
Market value	at31"August 2020		614,782	767,124

				2020	2019
				E	E
	Accruals			1,000	1,000
	Deferred	income	(note 8)	45,875	32,550
				46,875	33,550
8.	Deferred	Income
				2020	2019
	Balance	at 1"September 2019		32,550	E 40,800
	Amount	deferred	in the year	13,325	32,550
	Amount released resources		to incoming		(40,800)
	Balance	at31"August 2020		45,875	32,550

The follo	wing amounts were paid	to Trustees, who a	re also Lay
		Total	Total
		2020	2019
Name
Natasia	Bullock	7,978	19,968
Deacon	Michaela J Doherty	25,073	24,225
Rev Peter Hughes		25,073	24,228
Lena M	Phillips		6,684
Rev Paul Wilson		27,564	26,094