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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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||||||||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|
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||||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|
##
|Debtors: amounts
falling due|within one year||
|---|---|---|
|||Restated|
||2021f|2020f|
|Debtors|16,190|1,592|
|Prepayments|13,381|10,192|
|Other Debtors|2,584||
||32,155|11,784|
##
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|||2021|2020|
|---|---|---|---|
|||E||
|Other|Debtors|7,416||
##
|||||2021|2020|
|---|---|---|---|---|---|
|Creditors||||11,870||
|Accruals||||3,520|1,000|
|Deferred|income|(note|8)|47,375|45,875|
|||||62,765|46,8'75|
##
|||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|
##
||||Tangible|Fixed|Investments|Net Current|Total|
|---|---|---|---|---|---|---|---|
|||||Assets||Assets||
|Unrestricted||Funds||E||E||
|General|Fund|||458||684,403|684,861|
|Restricted||Funds||||||
|Tangible|Fixed Assets||1,295,000||||1,295,000|
|Fixed Asset||Investment|||435,492||435,492|
||||1,295,000||435,492||1,730,492|
|Totals|||1,295,458||435,492|684,403|2,415,353|
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|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||
##
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|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|