2021-08-31-accounts - The Methodist Church - Manchester Circuit

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INDEX
Charity information		1 —3
Trustees' report		4 —8
Examiner's report
Group statement offinancial	activities
Circuit statement offinancial	activities
Group balance sheet		12
Circuit balance sheet		13
Statement ofgroup 8 circuit	cash flows	14
Notes to the financial statements		15—29

Mary		Adamiak	East Didsbury MCC
Michael		Adedapo	Methodist Centre MCC
Suzan		Allen	Grum psall MCC/Secretary
Yvonne		Anderson-Boyd	Manley Park MCC
Papa		Andoh-Kweku	Worthington MCC	from 27.06.21
Graham		Ascroft	Moston MCC
janet		Bailey	Hope MCC
Sandra		Bailey	Circuit Steward
Erimna		Bell	Whalley Range MCC
jackie		Blackmore	Moston MCC
joan		Booth	Edge Lane MCC
Pru		Cahill	Ex Officio
Linda		Carroll	Edge Lane MCC	From 20/04/21
Paula		Collins	Long St/Safeguarding
Adrian		Curtis	Manley Park MCC
Sam		Dada	Clayton MCC
Chris		Davis	Circuit Steward
Phil		Davis	Didsbury MCC
Daphne		Dawson	Circuit Steward
jacqueline		Denison	Trinity Ancoats MCC	to 01/12/20
Angela		Doyle	Droylsden MCC
Andrew		Edwards	Circuit Steward
Barbara		Edwards	Moston MCC	to 08/07/21
Chris		Evans	Clayton MCC
Helen		Fielding	Withington MCC
Fiona		Fulton	Levenshulme MCC
Terence		Grant	Whalley Range MCC
janet		Green	LP Secretary
Christine		Grime	Long St MCC
Andrew	Nichola	Hallett	Didsbury MCC
janet		Hardware	Edge Lane MCC
janet		Hignett	Levenshulme MCC
Ubongabasi		Inyang	Circuit Steward
john		Kinsey	Levenshulme MCC
Russell		Kirby	Manley Park MCC
jackie		Kirkby	Circuit Steward	to 31/08/21
Krystyna		Kwarciak	Ex Officio
Alistair		Lowe	Ex Officio	to 31/08/21

Name			Appointed	Appointed	by
Lazare	Lufakalyo	Methodist Centre MCC
Toyln	Makinde	Crumpsall MCC
Margaret	Morris	Manley Park MCC
Abigail	Parr	Hope MCC
Sylvia	Pennycooke	Whalley Ran e	MCC
David	Pott	East Didsbu MCC
Angela	Ralph	Circuit Steward
Margaret	Ratchford	Long St MCC
Sharon	Read	Ex Officio
Audrey	Redshaw	Chorlton MCC
Othniel	Reid	Whalley Range	MCC
john	Roberts	Circuit Steward
julie	Rowbotham	Hope MCC
Sue	Rowe	ExOfficio
joy	Rulton	ExOfficio
lan	Rutherford	Ex Officio
Barbara	Schofield	Whalle Ran e	MCC
Pamela	Sewart	Lon St MCC
john	Shuttleworth	Withington MCC
Andrew	Slim	Long St MCC
Hilary	Small	Moston MCC
Peter	Smith	Circuit Meeting	re Finance		Group
Heather	Steward	Withington MCC
Ken	Stokes	Ex Officio
Liz	Stuart	Circuit Steward/Staff		Rep
Don	Taylor	Withington MCC
Elva	Towler	Clayton MCC
Bernard	Treves Brown	Circuit Steward
Megan	Warner	Ed e Lane MCC				to 20/04/21
Susan	Watters	Circuit Steward
jenny	Went	Within ton MCC
Caroline	Wickens	Ex Officio
Beverley	Williams	Whalle Range	MCC
Stephen	Williams	Dro Isden MCC
Sue	Williams	ExOfficio
janet	Yarwood	Ho eMCC

Circuit S	tewards
		Name		Ap ointment/cessation						Position
Revd Dr	C Wickens							Su erintendent		Minister
An ela Ral h			ceased 31/08/21					Chair and	Senior Circuit Steward		until 31/08/21
Da hne	Dawson							Chair and	Senior Circuit Steward		from 1/09/21
Jac ueline Kirkb			ceased 31/08/21					Secreta	until	31/08/21
Christine	Davis							Secreta	from	1/09/21
Bernard	Treves Brown							Treasurer
Yvonne	Anderson	Bo d	a	ointed from 1/09/21
Sandra Baile
Andrew	Edwards
Ubon abasi In an
John Roberts
Susan Watters
Revd Sharon Read			a	ointed from 1/09/21				Su erintendenc		Team from 1/09/21
Revd Susan Williams			ceased 31/08/21					Su erintendenc		Team until 31/08/21
Paula Collins			a	ointed from 1/09/21				Staff Re	resentative
Revd Jo	Rulton							Staff Re	resentative
Elizabeth	Stuart		ceased 31/08/21					Staff Re	resentative
CIRCUIT OFFICE			The Wesley	Centre
			Royce Road
			Hulme
			Manchester	M15 5BP
MANAGEMENT		ACCOUNTANTS	HGA Accountants & Financial		Consultants
			t/a Chittenden Horley - Chartered			Accountants
			456 Chester	Road
			Old Trafford
			Manchester	M16 9HD
INDEPENDENT		EXAMINERS	Christopher	Bailey ACA
			Christopher	Bailey Accountants	(Oldham)			Limited
			Chartered Accountants
			Units 10-12,	County End Business		Centre
			Jackson Street
			Oldham
			Lancashire	OL4 4TZ
SOLICITORS			Anthony Collins Solicitors
			134Edmund	Street
			Birmingham	B32ES
BANKERS			The Co-operative Bank
			PO Box250
			Delf House
			Southway
			Skelmersdale	WN8 6WT
			unity Trust Bank Pic
			PO Box7193
			Planetary Road
			Willenhall WV1 9DG
INVESTMENT MANAGERS			Central Finance Board ofthe Methodist				Church
			9 Bonhill Street
			London EC2A 4PE
REGISTERED CHARITY			1135067

	R THE YEAR ENDED	31A	UGUST 20	21
				Notes	Unrestricted	Restricted	Endowment	Total	Total
					Funds	Funds	Funds	2021	2020
									f
	Incoming resources	from generated		funds:
	Donations			2	589,505			589,505	560,403
	Charitable activities				70,491	23,229		93,720	113,379
	Other trading income				62,861			62,861	59,792
	Investment income -	bank	interest		1,723	23	64	1,810	2,974
	Other Income				47,247			47,247
'	TOTAL INCOME				771,827	23,252	64	795,143	736,548
	EXPENDITURE
	Costs ofgenerating funds				113,143	13	38	113,194	'/24, 914
	Expenditure on charitable		activities		485,058	23,486		508,544	527,251
	TOTAL EXPENDITURE				598,201	23,499	38	621,738	652,165
	Net gains/(losses) on	investments			192,543		(6,173)	186,370	'/,083
	NET INCOME/(EXPENDITURE)
	BEFORETRANSFERS			12	366,169	(247)	(6,147)	359,775	85,466
	Transfers between funds			21
	NET MOVEMENT IN	FUNDS		21	366,169	(247)	(6,147)	359,775	85,466
	FUNDS BROUGHT	FORWARD		21	2,674,318	11,225	136,459	2,822,002	2,736,536
	FUNDS CARRIED FORWARD			21	3,040,487	10,978	130,312	3,181,777	2,822,002

		Notes	Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	2021	2020
						f
Incoming resources from generated		funds:
Donations		2	589,505			589,505	559,429
Charitable activities			70,491	23,229		93,720	113,379
Other trading income			34,776			34,776	27,820
Investment income			1,723	23	64	1,810	3,089
Other income			47,247			47,247
TOTAL INCOME			743,742	23,252	64	767,058	703,717
EXPENDITURE
Costs of generating funds			12,079	13	38	12,130	18,340
Expenditure on charitable	activities		488,198	23,486		511,684	531,988
TOTAL EXPENDITURE			500,277	23,499	38	523,814	550,328
Net gains/(losses) on investments			192,543		(6,173)	186,370	1,083
NET INCOME/(EXPENDITURE)
BEFORETRANSFERS		12	436,008	(247)	(6,147)	429,614	154,472
Transfers between funds		21
NET MOVEMENT IN FUNDS		21	436,008	(247)	(6,147)	429,614	154,472
FUNDS BROUGHT FORWARD		21	2,605,602	11,225	136,459	2,753,286	2,598,814
FUNDS CARRIED FORWARD		21	3,041,610	10,978	130,312	3,182,900	2,753,286

				Group	Group	Circuit	Circuit
				2021	2020	2021	2020
			Notes				f
Cash used in operating activities			26	(129,371)	'/06, 864	(130,661)	'/'/9, 929
Cashflows	from investing activities
Investment	income			1,810	2,974	1,810	3,089
Proceeds	ofdisposal of current asset	investment
Proceeds	ofsale offixed assets			285,502		285,502
Purchase	oftangible fixed assets			(350,333)		(350,333)
Adjustments to fixed assets
Withdrawals from investments				416,465	109,333	416,465	109,333
Purchase	of investments, cash &gains reinvested			(285,760)	(188,190)	(285,760)	(188,190)
Cash provided by/(used in) investing activities				67,684	(75,883)	67,684	(75,768)
Cashflows	from financing activities
Proceeds	from new borrowings
Repayment of borrowing Cash used in financing activities				(650) ~(650	(554) ~554	(650) (650)	(554) (554)
Increase/(decrease) in cash &cash		equivalents	in the year	(62,337)	30,427	(63,627)	43,607
Cash and	cash equivalents brought	forward		198,062	'/67, 635	183,357	139,750
Cash and	cash equivalents carried	forward		135,725	198,062	119,730	183,357
Cash and	cash equivalents consist	of:
Cash at bank and in hand				135,725	198,062	119,730	'/83,357
				135,725	198,062	119,730	183,357

				2021			2020
				Restricted/			Restricted/
			Unrestricted	endowment	Total	Unrestricted	endowment	Total
2	DONATIONS
	Church assessments		282,655		282,655	368,471		368,471
	Donations		2,364		2,364	2,775		2,775
	HMRC - CJRS grant		4,486		4,486
	Sale of property					'/86, 781		186,781
	Other funds transferred		300,000		300,000	1,402		1,402
	Charity		589,505		589,505	559,429		559,429
	HMRC - CJRS grant					974		974
	Group		589,505		589,505	560,403		560,403
3	INCOME FROM CHARITABLE ACTIVITIES
	Property Income:
	Rossett and Chatterton	Hey	70,491		70,491	73,822		73,822
	Grants for circuit work			23,229	23,229		35,846	35,846
	Other income					3,71'l		3,711
			70,491	23,229	93,720	77,533	35,846	113,379
4	OTHER TRADING INCOME
	Rental income re surplus	manses	23,452		23,452	22,102		22,102
	Rents receivable re Wesley centre		8,470		8,470
	Rent 8 management charge Wesley		2,854		2,854	5,681		5,681
	Room hire					37		37
	Total for Circuit		34,776		34,776	27,820		27,820
	Subsidiary income		34,079		34,079	42,390		42,390
	less eliminated on consolidation		(5,994)		(5,994)	(10,418)		(10,418)
	Total for Group		62,861		62,861	59,792		59,792
5	INVESTMENT INCOME
	income from fixed asset investments		778		778	2,434	221	2,655
	Interest on loans					115		115
	Bank interest		945	87	1,032	319		319
	Total for Circuit		1,723	87	1,810	2,868	221	3,089
	less eliminated on consolidation:
	Loan interest Wesley Ltd							(115)
	Total for Group		1,723	87	1,810	2,753	221	2,974
6	OTHER INCOME
	Proceeds ofsale of manse		47,247		47,247

12	GROUP NET INCOMING RESOURCES AFTER TRANSFERS	GROUP NET INCOMING RESOURCES AFTER TRANSFERS	GROUP NET INCOMING RESOURCES AFTER TRANSFERS	2021	2020
				f	f
	This is stated after charging/(crediting):
	Independent examiners'	fees		2,490	2,490
	Depreciation offixed assets			85,126	86,641
	Operating lease rentals
	Trustees' remuneration	as trustees
	Trustees' expenses as	trustees
13	STAFF INFORMATION			2021	2020
				f	f
a	Staff costs
	Stipends and salaries			226,790	225,584
	Apprenticeship levy			1,209	842
	Pension contributions -	Methodist	Ministers Scheme	48,061	48,468
	Pension contributions -	other		2,216	'/,432
	Employer's Nl contributions			16,114	15,411
				294,390	291,737

The aver	age number of mem	bers of staff ofthe charity was as fo	llows:-
			2021	2020
			Average	Average
			number	number
Ordained	staff (office holders	not employees)	8.0	9.0
Lay employees			6.0	5.0
			14.0	14.0


TANGIBLE FIXEDASSETS		Long		Fixtures
	Freehold land	leasehold	Property	Fittings 8
	&buildings	properties	improvements	Equipment	Total
GROUP	f	f	f.	f
Cost
As at September 1 2020	1,663,203	572,000	876,079	36,964	3,148,246
Additions	650,333				650,333
Disposals	(248,126)		(876,079)	(17,952)	(1,142,157)
Transfer to current assets	~200,475				~200,475
As at August 31 2021	1,864,935	572,000		19,012	2,455,947
Depreciation
As at September 1 2020	61,167	28,740	808,888	31,883	930,678
Charge for the year	8,621	5,720	67,191	3,594	85,126
Disposals Transfer to current assets	(9,871) ~D, D19		(876,079)	(17,952)	(903,902) ~8,019
As at August 31 2021	51,898	34,460		17,525	103,883
Net book value
As at August 31 2021	1,813,037	537,540		1,487	2,352,064
As at August 31 2020	1,602,036	543,260	67,191	5,081	2,217,568
CIRCUIT
Cost
As at September 1 2020	1,663,203	572,000		19,012	2,254,215
Additions	650,333				650,333
Disposals	(248,126)				(248,126)
Transfer to current assets	~200,475				~200,475
As at August 31 2021	1,864,935	572,000		19,012	2,455,947
Depreciation
As at September 1 2020	61,167	28,740		16,619	106,526
Charge for the year	8,621	5,720		906	15,247
Disposals Transfer to current assets	(9,871) ~8,019				(9,871) ~8,019
As at August 31 2021	51,898	34,460		17,525	103,883
Net book value
As at August 31 2021	1,813,037	537,540		1,487	2,352,064
As at August 31 2020	1,602,036	543,260		2,393	2,147,689

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS				2021		2020
								f
Market value brought	forward					325,655		245,715
Income re-invested						258		1,409
Additions at cost						285,502		186,781
Disposals at carrying	value					(416,465)		(109,333)
Net gain/(loss) on revaluation						(6,173)		'/,083
Market value carried	forward					188,777		325,655
Investments at fair	value comprise:
CFB Managed funds						111,282		117,456
Cash held within investment		porffolio				77,495		208,199
						188,777		325,655
			Unrestricted	funds	Restricted	funds	Endowment	funds
			2021	2020	2021	2020	2021	2020
Market value brought	forward		182,296	'/03, 608	6,901	6,856	136,458	135,251
Income 8 gains re-invested			221	1,240	10	45	27	124
Additions at cost			285,502	186,781
Disposals/withdrawals
at carrying value			(416,465)	(109,333)
Net gain/(loss) on revaluation								1,083
Market value carried	forward		51,554	182,296	6,911	6,901	130,312	136,458
CFB Managed funds							111,282	117,456
Cash held within investment		portfolio	51,554	182,296	6,911	6,901	19,030	19,002
			51,554	182,296	6,911	6,901	130,312	136,458

		Group	Group	Circuit	Circuit
		2021	2020	2021	2020
16	DEBTORS DUE IN MORE THAN ONE YEAR
	Loan to Wesley Limited				2,220
					2,220

			Group	Group	Circuit	Circuit
			2021	2020	2021	2020
17	DEBTORS
	Trade debtors		182	4,007
	Loans to Circuit Churches		17,208	17,208	17,208	17,208
	Amounts due	from Wesley Limited			16,450	12,382
	Prepayments	8 other debtors	144,297	111,874	144,297	111,650
			1'61,687	133,089	177,955	141,240

18	CURRENT A	SSET INVESTMENTS	SSET INVESTMENTS
	Property held	for resale		385,000		385,000
				385,000		385,000
19	CREDITORS	falling due within one year
	Assessments	in advance		28,976	34,190	28,976	34,190
	Income and grants		in advance
	Funds in trust
	Social security	and	other taxes		1,733	644	417
'	Other creditors
	Finance lease	creditor		743	649	743	649
	Creditors &accruals			10,053	'/3,997	9,203	9,8'/6
				40,416	50,569	39,566	45,072

1,060	1,803	1,060	1,803
1,060	1,803	1,060	1,803

Fund ba	lances at August 312021 ar	e represented	b:-	b:-
			Unrestricted
			General	Designated	Restricted	Endowment
			Funds	Funds	Funds	Funds	Total
Tangible	fixed assets		2,352,064				2,352,064
Fixed asset investments				51,554	6,911	130,312	188,777
Debtors	due in more than one year
Net current assets Creditors due in more than one year		622,670 ~1,060		16,382	4,067		643,119 ~1,060
			2,973,674	67,936	10,978	130,312	3,182,900
Fund balances at August 31 2020 are represented			by:-
Tangible	fixed assets		2,147,689				2,147,689
Fixed asset investments			122,295	60,000	6,901	136,459	325,655
Debtors	due in more than one year		2,220				2,220
Net current assets		267,265 ~1,803		7,936	4,324		279,525 ~1,803
			2,537,666	67,936	11,225	136,459	2,753,286

LEASE COMMITMENTS
Finance lease commitments			2021	2020
The Circuit had the following	commitments	under finance leases:	f	f
Not later than one year			928	928
Later than one year and not	later than five	years	1,160	2,089
Less interest charges			2,088 ~285	3,017 ~565
Per creditors notes			1,803	2,452

26	RECONCILIATION OF NET		M	OVEME	NT	IN	FUND	S T	O NET C	ASHFLOW FRO	M OPERATING	ACTIVITIES
										Group	Group	Circuit	Circuit
										2021	2020	2021	2020
										f	f	f	f
	Net income/(expenditure) before transfers									359,775	85,466	429,614	154,472
	Add back depreciation on fixed			assets						85,126	86,641	15,247	17,635
	Deduct property transferred	to		Circuit						(300,000)		(300,000)
	Deduct/(add) unrealised gains/(losses)				on	investments				(186,370)	('1,083)	(186,370)	(1,083)
	Deduct interest income shown			in investing		activities				(1,810)	(2,974)	(1,810)	(3,089)
	Deduct profit/add back losses		on disposals			of	FA			(47,247)		(47,247)
	Decrease/(increase) in debtors Increase/(decrease) in creditors tfet cash generated from/(used in) operating						activities			(28,598) ~10,247 ~(129,371	(35,307) ~25,879 106,864	(34,495) ~5,600 ~130,661)	(21,577) ~26,429 '/19,929
27	NET MOVEMENT IN DEBT
											lease	other non
	Group							At	31/8/20	cashflows	repaid	cash	at 31/08/21
	Cash and cash equivalents								f	f
	Cash at bank and in hand								'/98,062	(62,337)			135,725
	Debt
	Finance lease obligations								2,452	(649)			1,803
	Cash and cash equivalents		net ofdebt						195,610				133,922
	Charity
	Cash and cash equivalents
	Cash at bank and in hand								183,357	(63,627)			119,730
	Debt
	Finance lease obligations								2,452	(649)			1,803
	Cash and cash equivalents	net ofdebt							180,905				117,927