##
##
|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|||||||||
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##
||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|
##
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##
##
##
|||||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|
|15|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|
##
##
|25|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|
##
##