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