2021-08-31-accounts - The Methodist Church - Liverpool (South) Circuit

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

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

							Restated
			Notes	Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2021	2021	2021	2020
Income and endowments
from:
Donations and legacies			2a	'I75		175	389
Charitable activities			2b	169,365	4,303	173,668	241,663
Investments			2c	901	2,339	3,240	10,578
Other income			2d	10,675		10,675	99,710
Total income				181,116	6,642	187,758	352,340
Expenditure on."
Charitable activities				326,593	37,123	363,716	316,550
Total expenditure				326,593	37,123	363,716	316,550
Net (expenditure)/income				(145,477)	(30,481)	(175,958)	35,790
Transfer between	funds		10,11	152,315	(152,315)
Gain on revaluation		offixed
assets
Gain/(Loss) on investment assets					3,506	3,506	(343)
Net movement in		funds		6,838	(179,290)	(172,452)	35,447
Total funds brought		forward	10,11	678,023	1,909,782	2,578,805	2,552,358
Total fund carried		forward	9-11	684,861	1,730,492	2,415,353	2,587,805

					Restated
			Notes	31"August 2021	31"August 2020
Fixed assets
Tangible fixed assets				1,295,458	1,295,611
Investments				435,492	614,782
				1,730,950	1,910,393
Current assets
Debtors: amounts within one year	falling due		6	32,155	11,784
Debtors: amounts falling due after more than one year			7	7416
Cash at bank and	in hand			707,597	712,503
				747,168	724,287
Current liabilities
Creditors: amounts due within one year		falling	8	(62,765)	(46,875)
Net current assets				684,403	677,412
Total assets less liabilities	current			2,415,353	2,587,805
Funds:
Unrestricted funds			10,11	684,861	678,023
Restricted funds			10-12	1,730,492	1,909,782
				2,415,353	2,587,805

			Unrestricted	Restricted		Total	Total
			Funds	Funds		Funds	Funds
b. Charitable activities:			2021f	2021		2021	2020f
Assessments			169,365			169,365	162,405
Introduced funds from Valley Church Grants	Childwall			4,303		4,303	79,258
			169,365	4,303		173,668	241,663
c. Investments:			f			f	f
Bank Interest			901			901	3,534
Income from UK listed investments				2,339		2,339	7,044
			901	2,339		3,240	10,578
d. Other income:			f			f
Loan interest			79			79	132
Net proceeds from sale Road Church/Childwall	of Banks Valley						88,648
Church
Rental income			10,596			10,596	10,930
			10,675			10,675	99,710
3. Expenditure on charitable		activities	Direct	Support	&	Total	Total
			Charitable	Governance		2021	2020
			Expenditure f	Costs		E	f
Upholding the Methodist
Connexional Policy of 'Our
Calling', which through worship, learning, caring, service and			303,949	59,767		363,716	316,550
evangelism, forms the basis of
Christian discipleship.

					Restated
				2021	2020
	Direct charitable	expenditure:
	Staff salary costs			167,141	111,436
	Pension			30,326	20,483
	Ministerial expenses			9,214	5,401
	Lay worker expenses			1,653	2,168
	Grants			17,000	45,613
	District assessment			51,078	50,560
	Manse expenses			22,572	17,787
	Bank Road expenses				693
	United Reform Church		fees	4,100	3,980
	Gifts and donations			865	1,054
	Room hire				324
				303,949	259,499
				2021	2020
	Support 8 governance		costs:
	Investment charges			32,820	47,645
	Other expenses			906
	Circuit office				1,111
	Stationery and postage			859	391
	Computer costs				10
	Quinquennials			2,790
	Apprentice levy			903	543
	Insurance			2,247	5,266
	Rent			16,800
	Subscriptions and	memberships		679	452
	Payroll fee			480	480
	Accountancy			1,130	1,000
	Depreciation			153	153
				59,767	57,051
	Total expenditure activities	on	charitable	363,716	316,550
	237,123(2020:f47,645) ofthe above			expenditure relates	to restricted	funding.
					Restated
b.	Staff Costs			2021	2020
	Gross wages and	salaries		153,034	102,800
	Social security costs			14,107	8,636
	Pension			30,326	20,483
				197,467	131,919

	are not remunerated for their services a	s a Trustee.
4.	Tangible fixed assets
		Freehold	Fixtures	Total
	Cost or revaluation	Property F	and Fittings f
	Balance as at 1"September 2020	1,295,000	764	1,295,764
	Additions during the year
	Balance at 31"August 2021	1,295,000	764	1,295,764
	Accumulated depreciation Balance at 1"September 2020 Charge for the year		153 153	153 153
	Balance at 31"August 2021		306	306
	Net Book Value at 31"August 2021	1,295,000	458	1,295,458
	Net Book Value at 31"August 2020	1,295,000	611	1,295,611

Fixed asset investments
		2021	2020
Market value at 1"September 2020		614,782	767,124
Income		2,339	7,044
Sale proceeds less levy			108,313
Funds Introduced			39,855
Charges		(32,820)	(1,653)
Withdrawals		(152,315)	(305,558)
Net realised (loss)/gains assets	on investment	3,506	(343)
Market value at31"August 2021		435,492	614,782

		2021	2020
		E
Other	Debtors	7,416

		2021	2020
Balance	at 1"September 2020	45,875	32,550
Amount	deferred in the year	47,375	13,325
Amount released to incoming resources		(45,875)
Balance	at31"August 2021	47,375	45,875

The follo	wing amounts were paid	to Trustees, who	are also Lay
			Restated
		Total	Total
		2021	2020
Name			F
Natasia	Bullock	20,400	7,978
Deacon	Michaela J Doherty	25,693	22,946
Rev Peter Hughes		25,693	22,946
Lena M	Phillips	6,910
Rev Paul Wilson		28,245	25,224
Clement	Matarirano	25,693

Reported	net movement in funds	net movement in funds	26,530
Staff salary costs			7,201
Pension			1,716
Restated	net movement in funds		35,447
b. Balance	sheet as at	31"August 2020
Reported	Unrestricted	Funds	669,106
Prepayment			8,917
Restated	Unrestricted	Funds	678,023