THE METHODIST CHURCH-
LIVERPOOL (SOUTH)
CIRCUIT
FINANCIAL STATEMENTS
FOR THE YEAR
ENDED 31ST AUGUST 2024
Charity Registration No. 1134958

THE METHODIST CHURCH - LIVERPOOL
SOUTH
CIRCUIT
CONTENTS
Page
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees are pleased to present their annual report for the year ended 31 $1 August 2024.
The financial statements have been prepared in accordance with the charity's trust deed, the
Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective
1st January 2019).
OBJECTIVES AND ACTIVITIES
Circuit Mission Statement: approved by the Circuit Meeting on 4th De￿mber 2003 - "To
make disciples for Jesus Christ"
Circuit Mission Policy: (approved 2011)
We uphold the Methodist Connexional Policy of 'Our Calling,. which through worship, leaming,
caring, service and evangelism, forms the basis of Christian discipleship.
We recognise the Methodist Connexional Priority to proclaim and affirm God's love for all and
the renewal of confidence in God's presence and action in the world.
We affirm Methodism as a discipleship movement shaped for mission.
We affirm that the Methodist Church is committed to being a growing, evangelistic, inclusive,
just1￿-Seeking Church
so that new people become disciples of Jesus Christ, faith deepens
for everyone, and diverse communities and churches experien￿ transformation.
Circuit Mission Priorities: (2024)
We are working together with God in the power of the Spirit to offer Jesus, invitation to people
across our communities to follow him and discover God's way of living life to the full.
Sharing worship and witness
Deepening discipleship
Encouraging the nurturing of children and young people
Helping churches to identify and deliver mission in their neighbourhoods
Use our cash, members. buildings and other resources wisely
Provide a staff team that can lead and enable mission
Provide outreach to the displaced in the inner city
Church and Circuit leadership sU￿Ssion planning: developing strategies for seeking Circuit
Meeting members, Circuit Stewards, Worship Leaders, Local Preachers, and church offscers.
Within an obligation to provide a safe Spa￿ for all, meet all our legal and Connexional
requirements
Circuit Partnership
We cherish our longstanding relationships with the Church of England and United Reformed
Church in our Local Ecumenical Partnerships. We continue to seek to work with the wider
Christian family and other agencies where we share common values and aims.
Circuit Mission Action Plan (2022 - 2027)
The Circuit and its mission are led by the Circuit Leadership Team, including our
Superintendent, 2 Presbyters and lay workers.
Worship: Supporting and training ministers, local preachers and worship leaders to provide a
variety of forms of worship using technology. where appropriate, to be inclusive for all.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024
For public worship in local churches, we will provide preachers and leaders of worship
orland online reSoUr￿S to share in worship.
For those unable to attend worship and those preferring online worship, we will endeavour
to provide online and telephone worship, plus written liturgies for those who cannot access
the technology.
We encourage the churches to meet in clusters and as a Circuit (twice a year).
Discipleship.. Encourage the formation and development of groups for prayer and Bible study.
We will encourage all levels of leadership to spend time listening to God and conferring
together to discern and resource God's mission in each area.
We will use the Circuit Meeting and weekly notices to share good resources and
encourage the growth of small groups.
We are committed to encouraging participation in ecumenical prayer gatherings, Thy
Kingdom Come and Quiet Days. We will circulate prayer requests from Circuit churches
for sharing in public worship and private devotions.
Discipleship of Children and Young People:
We have employed a Circuit Children's worker and a Youth worker, to develop groups in
Trinity and Halewood churches and surrounding schools. At Circuit level, they provide
oversight of the Circuit youth band and encourage attendance at 3Generate, Connect
(South Liverpool youth gathering) and Deanery youth events. A regular 'Youth Matters,
meeting shares good practice across the Circuit from the variety of children and youth
activities and messy church programmes.
We will review our children and youth work with help from the learning network.
Provide training as requested by the youth and children's workers.
Mission Opportunities:
Support the Liverpool Districfs HE Chaplaincy work among students in the south
Liverpool area in particular through the Drivers Group.
Encourage attendan￿ at Drivers - the young adults, congregation based at Elm Hall
Drive but hoping to reach out to other locations.
Support churches in developing buildings for community use and outreach.
Encourage interdenominational outreach at Farmers, markets, Open Air witness and
shared outreach projects.
Encourage support of those groups working with addictions, mental health,
bereavement, families, luncheon clubs, parenling and other support groups using our
buildings and the Huyton café and Liverpool Zero Food Waste at Elm Hall Drive. Several
churches are offering places of welcomelwarm spaces initiatives.
We adopt the 3Generate manifesto to encourage all ages to engage in matters of
climate change, compassion and mercy ministries and social justice projects.
We will explore participation in Eco Church Award scheme.
Resourcing Mission.
The Circuit values the role of the Circuit Administrator in communicating by email and
the weekly notices information from the Connexion. District and Circuit to the church
members.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Circuit has had a Youth Worker partly funded by a grant from Trinity, this being in an
area of social deprivation. Following the resignation of the previous post-holder this has
remined vacant and recruitment deferred.
The Circuit is over-viewing plans for the use of churches in the immediate, medium. and
long-term future.
The Circuit has a Safeguarding Officer and 2 trainers to help churches provide safe
spa￿S for all.
The Circuit has brought all manses up to a good standard and will continue to maintain
this standard.
The Circuit will help to support young people and adults attending 3Generate.
The Circuit has progressed work to ensure that all churches fulfil their legal obligations of
finance, buildings, safeguarding. This includes a willingness to help co-ordinate and
finance professional services (finance, property) for the individual churches within the
Circuit who have inadequate expertise or capacity to manage these roles, assisting with
both compliance and freeing up resources for outward facing mission work.
ACHIEVEMENTS AND PERFORMANCE
During the year a 'Circuit Way Fonvard Group" was convened to explore the future direction of
our policy to encourage Circuit churches to deepen discipleship. focus on local mission
opportunities and explore new and more effective uses of their skills, fInan￿S and premises.
A major initiative arising from of the Way Forward Group was the offer of a 'Leading Your
Church into Growth, course, led by a staff member from the URC Mersey Synod, which all
churches have engaged with positively.
Through these strategies and the earlier 'Choosing to Change,, we have made the decision to
fund the new growth costs incurred from Circuit reserdes. The number of full-time staff is
currently three presbyters. It is recognised that availability of presbyters and finance may mean
this needs to be reduced in future years.
A new permanent appointment to the post of Children's Worker was made on 1 St September
2023, and a Management Group has been working with him to give oversight to the work.
Despite best efforts, we were unsuccessful in recruiting a Circuit Youth Worker and this has
been deferred for now.
The Circuit continued its mission by supporting online worship, facilitating the distribution of
written copies of services for those unable to go online.
Together with the experienced and dedicated Circuit Leadership Team, the Superintendent is
seeking to bring insights from ministry across the Connexion, develop strategic vision and
support for mission initiatives.
The main source of income, the CiTCUit Assessment, reviewed annually, is an annual
assessment upon each church. Ability to pay is considered in each of the churches.
The Circuit's strategy of bringing the manses to be retained up to date remains ongoing.
Additionally, those that are determined surplus to requirements will be sold or rented promptly.
There is no intention to retain surplus property so any let will be short term.
In this context, 34 Manor Road is let until July 2026.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
Total income in the year was £405,732 (2023: £259,866) of which £23,845 {2023: £16,614),
related to funding for projects upon which restrictions are pla￿d.
Total expenditure in the year was £294,756 (2023: £384,998), leaving a surplus for the year of
£110,976 (2023: deficit £125,032) before gains on investment assets.
At 31st August 2024 the charity's reserves stood at £2,416,926 (2023: £2,304,381} of which
£1,950,692 (2023". £1.614,525) represented restricted funds.
Risk Management
The main risks, to which the charity is exposed. as identified by the Trustees, have been
considered and systems have been established to mitigate those risks.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level to
cover redundancy provision and six months, running costs should no further fvnding be
received.
As at the end of the financial year the unrestricted funds totalled £466,234. The charity requires
£4,815 for redundancy provision and £135,186 for six months, running costs (fotal £140,001).
Plans for the future
With declining membership numbers and the fact that staff and District Assessment costs forms
the bulk of our expenditure, the Circuit is seeking to build on insights from the 'Way Forward,
process and the 'Leading Your Church into Growth, Course. We aim to release reSoUr￿S to
encourage worship, learning and discipleship, mission and evangelism. By sowing the seed of
the gospel, we look for new disciples to emerge in and through our corporate witness. We will
explore ways of enabling our churches to work better together, where possible through shared
governance, and we will continue to review the number of staff needed to function effectively.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Methodist Church - Liverpool (South) Circuit is a registered charity; number 1134958
formed in 16th March 2010 and is governed by The Methodist Church Act 1976 and The Deed
of Union 1932.
The Methodist Church
Liverpool (South) Circuit is a fomal group {S.0. 500 of the
Constitutional Practice and Discipline of the Methodist Church) of nine mutually supportive
churches across South Liverpool. In accordance with charity law, each constituent church is
responsible for producing and presenting its own financial accounts each year.
The Trustees of the charity under the terms of the Constitutional Practice and Discipline of the
Methodist Church are known as Managing Trustees.
The members of the Circuit Meeting are the Managing Trustees of the charity. They include the
Circuit Superintendent, Circuit Ministers including Supernumeraries and appointed Lay workers.
Circuit Stewards are elected to serve for six years. The remaining Trustees include the Circuit
Administrator, Circuit Treasurer, Circuit Meeting Minute Secretary and nominated
representatives from the nine churches of the Circuit.
The Circuit Meeting, held four times a year. has been online during the year. Given the
extended lockdown period and despite the demographic of the meeting, an online platfomi was
the only realistic way to connect with our members who actually grew into this medium.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024
In accordance with Connexional guidelines, by email agreement of the churches, the Circuit
Leadership Team was authorised to progress any urgent items of business.
The Circuit Leadership Team which consists of the Circuit Superintendent, Circuit Presbyters
including Supernumeraries, appointed Lay Workers, Circuit Stewards and Circuit Treasurer
also meet four times a year.
The Circuit Stewards meet regularly throughout the year with the Circurt Superintendent.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Methodist Church - Live￿005 (South) Circuit
1134958
Charity Number
Address & Office
Elm Hall Drive Methodist Church
Elm Hall Drive
Liverpool
L18 1LF
During the year members of the Board of Trustees were as follows:
Abiodun Adepitun
(Resigned 31 St August 2024)
Shirley Banks
Pamela Bellis
Pamela Boffey
Christine M Bolton
Katherine Cook
Helen K Davies
Gillian Dover
Andrew A Dunsmore
Andrew Gillespie
Rev David Goodwin
Charles R Hardisty
Kate Harrison
Mark Harrison
Margaret P Harvey
Roger Heath
Derek Ho
Elizabeth A Hudson
Rev Peter Hughes
Kim J Kershaw
Elizabeth Lloyd
Philip A Lodge
Graham Martin
Rev Dr Clement Matarirano
Janine McGuire
Jayne McLaren
Carolyn Munro
Ekpo B Orok
Sandra Patterson
Ada D Peers
Arthur E Pye
EdnaMP
Trustees
(Appointed 31 St May 2024)
(Resigned 30th April 2024)
(Resigned 31 $1 August 2024)
(Appointed 1 St September 2023)
(Resigned 31 St August 2024)
(Resigned 31 sl August 2024)

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Trustees (Continue)
Rev Jennifer C Rayner
Alfred Salami
Susan M Steel
Judith M Sutcliffe
Eleanor A Thomas
Linda M White
Peter Wood
(Resigned 31 St August 2024)
Independent Examiner Ying Huang, ACCA
o LCVS,
151 Dale Street,
Liverpool,
L2 2AH
Bankers
The Co-operative Bank PIC
PO Box 250,
Skelmersdale,
V*lN8 6wr
Signed on behalf of the Trustees.
Rev David Goodwin - Trustee
Date:
11.1.03 .12L>15

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
I report on the accounts of the charity for the year ended 31
August 2024 which are set out on pages 8 to 19.
The charity's Trustees are responsible for the preparation of the
accounts. The charity's Trustees consider that an audit is not
required for this year under section 144 of the Charities Act 2011
(the Charities Act) and that an independent examination is
needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions
given by the Charity Commission (under section 145(5>(b) of
the Charities Act, and
to state whether particular matters have come to my attention.
sl
Res
ective
res
onsibilities of
trustees and examiner
Basis of inde
endent
examiner's statement
My examination was carried out in accordance with general
directions given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It
also includes consideration of any unusual items or disclosures in
the accounts, and seekin9 explanations from the Trustees
Con￿rning any such matters. The prO￿dureS undertaken do not
provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts
present a 'true and fair, view and the report is limited to those
matters set out in the statement below.
Inde
endent examinerfs In connection with my examination, no matter has come to my
statement
attention:
(1) which gives me reasonable cause to belEve that in any
material respect the requirements:
to keep accounting records in accordance wtth section
130 of the Charities Act.
to prepare accounts which accord with the accounting
records and comply with the accounting requirements of
the Charities Act
have not been met" or
(2) to which. in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Name:
Ying Huang
Relevant professional qualification or body: ACCA
Address: clo LCVS 151 Dale Street, L2 2AH
Dated:
JG/!1. ￿:24

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31" AUGUST 2024
Notes Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Income and endowments
from:
Charitable activities
Investments
Other income
203,933
30,034
147,920
203.933
53,879
147,920
213,295
33,740
12,831
2b
2c
23,845
Totsl income
381,887
23,845
405,732
259,866
Expenditure on:
Charitable activities
270,371
24,385
294.756
384,998
Totsl expenditure
270,371
24,385
294,756
384.998
Net incomel(expenditure)
111,516
{540)
110,976 (125,132)
Transfer between funds
Gain on revaluation of fixed
assets
Gain on investment assets
(Loss) on investment assets
11,12
{333,338)
333.338
180,000
3.369
3,369
(1.800)
(1,800)
{900)
Net movement in funds
{223,622)
336,167
112.545
53,968
Total funds brought forward
10,11
689,856
1,614,525 2,304,381 2,250,413
Total fund carried forward
10-12
466.234
1,950,692 2,416,926 2,304,381
The notes on pages 10 to 19 form part of these accounts.
All the above amounts relate to continuing activities of the charity.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
ST
BALANCE SHEET AS AT 31 AUGUST 2024
Notes
st
31 August 2024
31st August 2023
Fixed assets
Tangible fixed assets
Investments
1,468,729
482,354
1,135,642
479,525
1.951,083
1,615,167
Current assets
Debtors
Debtors: amounts falling due
after more than one year
Cash at bank and in hand
14.523
665
16,487
3,107
716,915
494,874
510,062
736,509
Current liabilities
Creditors.. amounts falling
due within one year
(44,219)
{47,295)
Net current assets
465.843
689,214
Totsl assets less current
liabilities
2,416,926
2,304,381
Funds:
Unrestricted funds
Restricted funds
10,11
10,12
466,234
1 ,950,692
689,856
1,614,525
2,416.926
2,304,381
Approved by Trustees on ...... ..
Rev David Go
in, Trustee
Graham Martin, Trustee

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGUST 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordan￿ with the Statement of
Recommended Practi￿. Accounting and Reporting by Charities preparing theif accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS102) (effective 1 St January 2019) and Charities
Act2011.
The financial statements are prepared in sterling, which is the functional currency of the
charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(s) to
these accounts.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concem
At the time of approving the accounts, the Trustees have a reasonable expectation that the
charity has adequate reserves to continue in operational existence for the foreseeable future.
The Trustees are confident that the levels of liquidity and free reserves will not affect the
charity's operations. Thus, the Trustees continue to adopt the going concern basis of
accounting in preparing the accounts.
Fund accounting
Unrestricted funds are the charity's free reserves available for the Trustees to apply in
accordance with the charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor.
Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient
certainty of receipt and so it is probable that the income will be received, and the amount of
income receivable can be measured reliably.
Donations and legacies comprise of donations which are recognised in the accounts when
received, with the exception of known legacies which are accounted for when their receipt is
certain.
Income from charitable activities is recognised on an accrual's basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confirmed by the donor.
Income from investment relates to bank interest and income from investments re￿iVed and
is recognised when the amount is ￿rtaIn.
Other income relates to rental, branch income, and loan interest, levy investment refunded
received is recognised when the amount is certain.
10-

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
Fixed assets
Fixed assets (Freehold Property) are stated at valuation and reviewed by the Trustees on an
annual basis and a professional valuation of all manses every five years.
Depreciation is provided to write off the cost of the asset over its expected useful life on the
following basis.
Fixtures and Fittings
Investments
Investments are included at market value. Realised and unrealised gains and losses are
reported in the Statement of Financial Activities.
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that settlement will be required, and the amount of
the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings in
the Statement of Financial Activities. Support and governan￿ costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Expenditure on charitable activities relates to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charity. Support and governance costs
relate to the management and operation of the organisation and also compliance with
constitutional and statutory requirements in producing the annual report. These are dealt
with in the Statement of Financial Activities when payment has been approved by the charity.
Cash and cash equNalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
200/0 per annum reducing balance basis.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enfor￿able right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounled at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGUST 2024
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initialty recognised at
transaction pri￿ unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future re￿iptS discounted at a market rate
of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate
method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make
judgements. estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other SoUr￿s. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period. or in the period of the revision and future periods where the
revision affects both current and future periods.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governan￿ costs, are allocated or apportioned to the applicable expenditure headings in
the Statement of Financial Activities. Support and governan￿ costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Cost of charitable activities relate to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charity. Support and governance costs
relate to the management and operation of the organisation and also compliance with
constitutional and statutory requirements in producing the annual report. These are dealt
with in the Statement of Financial Activities when payment has been approved by the charity.
Taxation
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The charity benefits from various exemptions from taxation afforded by tax
legislation and is not liable to corporation tsx on income or gains falling within those
exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in
the accounts inclusive of VAT.
12

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
ST
2. Income and endowments from:
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Charitable activities:
3 Generate
Activities
Assessments
Circuit service income
Grants
3,326
250
202,740
943
250
202,740 204,990
943
679
4,300
203,933
203,933 213,295
Income from charitable activities in 2023 comprised £208,995 for unrestricted funds and
£4,300 related to restricted funds.
b. Investments:
Bank Interest
Income from UK listed
investments
29,419
615
29,419
24,460
20,825
12,915
23,845
30,034
23,845
53,879
33,740
Income from investments in 2023 comprised £21,426 for unrestricted funds and £12,314
related to restricted funds.
Other income:
Investment levy income
Loan interest
Pension interest income
Rental income
130,171
306
5.479
11,964
130,171
306
5,479
11,964
465
12,366
147,920
147,920
12,831
other income for 2023 related wholly to unrestricted funds.
3. Expenditure on charitable activities
Direct Support &
Charitable Governance
Expenditure
Costs
Total
2024
Total
2023
Upholding the Methodist
Connexional Policy of 'Our Calling,,
which through worship, leaming,
caring, servi￿, and evangelism,
forms the basis of Christian
discipleship.
239,686
55.070 294.756 384,998
13

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGUST 2024
a. Analysed as follows..
2024
2023
Direct charitable expenditure..
Staff salary costs
Pension
M inisterial staff costs
Ministerial expenses
Lay worker expenses
Grants
District assessment
Manse expenses
Ministerial Pension fund refunded
United Reform Church fees
Room hire
Gifts and donations
37,828
2,121
122,277
7,659
832
45,557
56,880
25.045
(64,000)
34,007
1.811
114.653
6.799
2,134
10,506
56,188
50,333
4,350
350
1,712
943
239,686
282,843
2024
2023
Support & governance costs..
Investment charges
Circuit office
Circuit servi
Sundry
3Generate
Quinquennials
Apprenti￿ levy
Insuran
Rent
Subscriptions and memberships
Professional fees
Loss on disposal of tangible fixed
assets
Payroll fee
Accountancy
Depreciation
22,585
1,271
1 ,228
703
4,496
5,274
696
2,615
12.320
571
1,350
10,288
1,524
3,214
668
2.591
17,500
469
500
63,488
480
1,170
263
480
1,230
251
55,070
103.155
Totsl expenditure on charitsble
activities
294,756
384,998
£24,385 (2023: £14,588) of the above expenditure relates to restricted funding.
14-

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" AUGUST 2024
b. Staff Costs
2024
2023
Gross wages and salaries
Social securty costs
Pension
35,344
2,484
2.121
32,013
1 ,994
1,811
39.949
35,818
Particulars of employees:
Average number of employees during the year, calculated on the basis of full-time
equivalents, was as follows:
2024
2023
Charitable activities
One Trustee is employed by the charity and included in the figure above; the Trustees are
not remunerated for their services as a Trustee.
4. Tangible fixed assets
Freehold
Property
Fixtures
and Fittings
Total
Cost or revaluation
Balan￿ as at 1st September 2023
Additions
Revaluation
1.135,000
333.338
1 ,364
1,136,364
333,338
st
Balance at 31 August 2024
1.468,338
1,364
1,469,702
Accumulated depreciation
Balance at 1 st September 2023
Charge for the year
722
251
722
251
st
Balance at 31 August 2024
973
973
Net Book Value at 31 August 2024
1,468,338
391
1,468,729
Net Book Value at 31 sl August 2023
1,135.000
642
1,135,642
The properties were valued on the 11th August 2023 by Sutton Kersh, a Chartered
Surveyor. This is to be reviewed every 5 years. The Trustees considered there is no
material change required to the valuation on the 31 sl of August 2024.
15

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
5. Fixed Asset investments
2024
2023
Market value on 1 St September 2023
Capital intrOdU￿d
Investment income
Charges
Withdrawals
Net realised (gain) on investment assets
Net realised (loss) on investment assets
479,525
316,887
276,512
12,915
{10,288}
(115,601)
24,460
(22,585)
{615)
3,369
(1,800)
(900)
st
Market value at 31 August 2024
482,354
479,525
The investment assets are held by The Trustees for Methodist Church Purposes.
6. Debtors: amounts falling due within one year
2024
2023
Debtors
Prepayments
Other Debtors
3,326
10,884
2,277
12,082
2,441
14,523
16,487
7. Debtors. amounts falling due after more than one year
2024
2023
Other Debtors
665
3,107
Other Debtors comprise a loan to St James and at the year*nd 31st August 2024 the
outstanding balan￿ is £3,106 (2023: £5.384) bearing interest at 1.50/0 + base rate per
annum. The base rate per annum as at 31 St August 2024 was 6.500k.
8. Creditors: amounts falling due within one year
2024
2023
Accruals
Deferred income (note g)
1 ,230
42,989
1,170
46,125
44,219
47.295
16-

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ' AUGUST 2024
9. Deferred Income
2024
2023
Balan￿ at 1 $1 September 2023
Amount deferred in the year
Amount released to incoming
resources
46,125
949
32,625
46,125
(4,125)
(32,625)
Balance at 31tst August 2024
42,989
46,125
Deferred income represents assessment fees which relate to future accounting years.
10.Analysis of Net Assets between Funds
2024
Tangible Fixed Investments Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
391
465.843
466,234
Restricted Funds
Tangible Fixed Assets
Fixed Asset Investment
1,468,338
1 ,468,338
482,354
482,354
1,468,338
482,354
1,950,692
Totals
1,468,729
482,354
465,843
2.416,926
2023
Tangible Fixed Investments Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
642
689,214
689,856
Restricted Funds
Tangible Fixed Assets
Fixed Asset Investment
1,135.000
1,135,000
479,525
479,525
1,135,000
479,525
1,614,525
Totsls
1.135,642
479,525
689,214 2,304,381
17

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
ST
11. Unrestricted Funds
Movements in the year
Income Expenditure Revaluation Transfers Reserves
at End of
year
Reserves
Beginning
of year
2024
General
Fund
689,856 381,887
(270,371)
(1.800) {333,338)
466,234
Movements in the year
Income Expenditure Transfers
Reserves
Beginning
of year
Reserves
at End of
year
2023
General
Fund
638,526
243,252
(370,410)
178,488
689,856
General Fund - is used to finan￿ the charity's general activities and core costs as outlined
in the Trustees, Report.
Revaluation representing the changes in valuation of investments held by the charity
Transfer between Funds - represents the movement in investment for the withdrawal for
new manse.
12. Restricted Funds
Movements in the year
Income Expenditure Revaluation Transfers
2024
Reserves
Beginning
of year
Reserves
at End of
year
Tangible
Fixed Assets
Fixed Asset
investment
1,135,000
333,338 1,468.338
479,525
27,214
(24,385)
482,354
1,614,525
27.214
(24,385)
333,338 1,950,692
18

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
ST
Movements in the year
Income Expenditure Revaluation Transfers
2023
Reserves
Beginning
of year
Reserves
at End of
year
Tangible
Fixed Assets
Fixed Asset
investment
Trinity
Church Grant
1 ,295,000
180,000 (340,000) 1 ,135,000
316,887
12,314
(10,288)
{900)
161,512
479,525
4,300
(4,300)
1,611,887
16,614
(14,588)
179,100 (178,488) 1.614,525
These are monies given to the Charity to be spent at the discretion of the Board of Trustees
for specific charitable purposes as follows:
Tangible Fixed Assets - representing Tangible fixed assets held by the charity and
restricted by Methodist rules.
Revaluation - representing the changes in valuation of fixed assets and investments held
by the charity restricted by Methodist rules.
Transfer between Funds - represents the disposal of assets and the withdrawals from
investments
Trinty Church Grant - Contribution towards the employment costs of a new lay worker.
13.Guarantees and Other Financial Commitments
There are no financial commitments under non-cancellable operating leases (2022: £Nil).
14. Related Parties
The following amounts were paid to Trustees. who are also Lay workers and ministers.
2024
2023
Name
Natashia Bullock
David Goodwin
Rev Peter Hughes
Clement Matarirano
1,833
29,990
27,280
27,280
32,319
29,399
29,399
19