# **MANCHESTER AND STOCKPORT DISTRICT**
# **ANNUAL REPORT AND FINANCIAL STATEMENTS**
# **FOR**
# **THE YEAR ENDED AUGUST 31 2020**
**Charity number 1135459**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
||**INDEX**|
|---|---|
|Administrative information|1|
|Trustees’ and Directors’ annual report|2 – 7|
|Independent examiners’ report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Statement of cash flows|11|
|Notes to the financial statements|12 – 27|
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED AUGUST 31 2020**
## **TRUSTEES AND MEMBERS OF DISTRICT COUNCIL**
## **Position**
Chair of District Synod Secretary Ministerial Synod Secretary Treasurer Ecumenical Officer
Mission Enabler & Property Secretary Lay Employment Secretary Local Preachers Secretary Chair DAF Grant Committee Methodist Council Rep City Centre Minister
|**Name**|**Appointed by**|**Appointed/**|**Sub-**|
|---|---|---|---|
|||**Resigned**|**Committee**|
|Revd Dr Andrew Lunn|Methodist Conference||SRE|
|Mr David James|District Synod||SRE|
|Revd Hazel Cook|District Synod||SRE|
|Mr Garrie Naden|District Synod|From 3/12/20|SRE|
|Revd Dr Graham Edwards|District Synod|From 8/10/19|SRE|
|Revd Rod Hill|District Synod||SRE|
|Mr Andrew Jeffries|District Synod||SRE|
|Mr Anthony Judd|District Synod|||
|Mr William Swires|District Synod||SRE|
|Revd Adrian Burdon*||||
|Revd Ian Rutherford|District Synod||SRE|
|Revd Caroline Wickens|Manchester Circuit|||
|Mr Andrew Stoker|United Stockport Circuit|||
|Revd Kim Ratcliffe|Salford Circuit|Until 31/8/20||
|Mrs Carole Burgess|Salford Circuit|From 1/09/20||
|Mrs Julie Murdy|High Peak Circuit|||
|Revd Robert Balfour|Glossop & Tameside|From 1/9/20||
|Mr Graham Axford|Stretford & Urmston Circuit|||
|Mrs Dot Bretherton|Altrincham Circuit|||
|Revd Glayne Worgan|Sale Circuit|||
|Revd Gary Ridley|Oldham & Saddleworth Circuit|||
|Revd Adrian Burdon*|Shaw & Royton|||
|Mr John Ream|Bramhall & Wythenshawe Circuit|From 1/09/20||
|Dcn Annette Sharp|Romiley Circuit|Until 31/08/20||
|Mrs Ruth Peak|Alderley Edge and Knutsford Circuit|||
|Mrs Lynne Shaw|Glossop Circuit|Until 31/08/20||
|Revd David Hardman|Hyde & Denton Circuit|||
|Revd Karen Hilsden|Ashton-u-Lyne Circuit|||
|Revd Graham Edwards*|Macclesfield Circuit|||
(*duel qualification)
## **DISTRICT ADMINISTRATOR**
Ms Angela Doyle
**CHAIR’S PA AND COUNCIL MINUTE SECRETARY** Mrs Emma Hutson
## **BANKERS**
Unity Trust Bank plc Central Board of Finance of the Methodist Church Co-operative Bank plc
## **INVESTMENT MANAGERS**
Central Board of Finance of the Methodist Church 9 Bonhill Street London EC2A 4PE
## **CUSTODIAN TRUSTEES**
The Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ
## **INDEPENDENT EXAMINERS**
Chittenden Horley Ltd Chartered Accountants 456 Chester Road Old Trafford Manchester M16 9HD
**1**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2020**
The trustees present their annual report together with the financial statements of the charity for the year ended August 31 2020.
## **REPORTING FRAMEWORK**
The financial statements comply with the Charities Act 2011, the constitution of the charity, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Charitable objects**
The District shares the same charitable objectives as the rest of the Methodist Church. The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of –
(a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church;
(b) any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church;
(c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;
(d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.
## **Aims of the Methodist Church in Great Britain**
These objectives have been given a clear focus in the mission statement _Our Calling_ adopted by the Methodist Conference (2000 and 2018). This states that the calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission. It does this through: Worship; Learning & Caring; Service; and Evangelism.
The District seeks to apply this to its own life and work, as it relates to the Connexion and seeks to support the Circuits and Churches within the District in their mission and ministry. Specifically, the Constitutional Practice and Discipline of the Methodist Church (CPD) states that:
_“The primary purpose for which the District is constituted is to advance the mission of the Church in a region, by providing opportunities for Circuits to work together and support each other, by offering them resources of finance, personnel and expertise which may not be available locally and by enabling them to engage with the wider society of the region as a whole and address its concerns. The District serves the local Churches and Circuits and the Conference in the support, deployment and oversight of the various ministries of the Church, and in programmes of training. It has responsibility for the evaluation of applications by Local Churches and Circuits for approval of or consent to their proposals, when required, or for assistance from district or connexional bodies or funds. Wherever possible the work of the District is carried out ecumenically. The District is thus an expression, over a wider geographical area than the Circuit, of the connexional character of the Church.”_
## **Aims of the District**
More specifically, during 2019/20 the District continued to implement the five-year District Development Plan (DDP), entitled Faith in God’s Future, which had been introduced during 2016/17. The DDP sets out three priorities, with objectives under each one, as follows:
## _Priority 1_
Prepare to be a diverse, active and growing church
- a. Supporting the development of varied patterns of church life and various expressions of church and circuit
- b. Help to develop effective missional leadership
- c. Sound the voice of faith in the public arena
- d. Strengthen our witness as individuals and as churches, developing confidence to speak of God
## _Priority 2_
Reshaping in order to grow, including some pruning
- a. Prepare to be a much smaller church
- b. Close churches well
- c. Encourage collaborative and flexible leadership
- d. Work collaboratively and differently across the circuits, including with ecumenical partners
- e. Work differently within churches
- f. Provide professional services
## _Priority 3_
Resourcing, communicating and celebrating for today
- a. Promote worship that honours God with our best relationships and practices
- b. Encourage social and international vision and action
- c. Communicate well
- d. Handle money well (“Gain all you can, save all you can, give all you can”)
- e. Providing fewer district grants for a much longer period in order for new work to become sustainable and fruitful
- f. Develop a strategic approach to buildings that helps churches and circuits to make the best use of chapels, manses etc.
**2**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2020**
## **MAIN ACTIVITIES AND ACHIEVEMENTS**
Under the above objectives the following table shows some of the main goals which were worked towards during the financial year, and the progress and achievements related to them.
|**Goals**|**Progress and Achievements**|
|---|---|
|Seeking a new treasurer|Recruitment was unsuccessful. Alternative arrangements were put in
place through paid provision.|
|Training of a GDPR champion|Achieved. Mr David James now advises the District Council on GDPR
matters.|
|A review of grant making processes|This process was started. However, due to the Covid-19 pandemic the
District decided on a grants moratorium in April which stayed in place for
the remainder of the calendar year, with no grants being made.|
|Recruiting volunteers to strengthen our property
consents group.|Achieved.|
|Enhancing property recording keeping and paper trails|A volunteer was appointed to assist with this.|
|Continuing good practice in safeguarding including
training|Safeguarding practice has been monitored. We started the recruitment
process for a new independent chair of the District Safeguarding Group.
The Covid-19 pandemic meant we had to begin exploring how we could
deliver safeguarding training on-line.|
|Organising and facilitating consultations on issues
around marriage and relationships in response to the
Methodist Conference report_Go in Love Unites Us_.|All Methodist members in the District were given the opportunity to take
part in consultations. The District collected responses from 15 circuits
(out of 16), 15 Churches (out of 130) and 43 individuals. Because of the
Covid-19 pandemic Synod when we would have discussed this was
cancelled and the decision making process has been delayed by one
year.|
|A process leading towards a decision on the
reinvitation of the District Chair for a further five years|This process took place, with a recommendation going to Synod in
September 2020 for a 5 year reinvitation.|
|The role out of regular supervision for all ordained
ministers in circuit appointments working within the
District|Achieved.|
|The stationing of ordained ministers to five vacant
appointments within the District|Achieved.|
|Continue cooperative working with our Greater
Manchester Methodist partner, the Bolton and
Rochdale District.|Achieved.|
|Agree a District communication policy|Achieved. This policy included the recruitment of a full-time
communications officer, but finance has not yet been identified to make
this appointment possible.|
|Facilitate the regrouping of circuits in three areas of the
District.|Achieved in the areas of Tameside, High Peak, and Stockport, creating
the Glossop & Tameside Circuit, the High Peak Partnership, and
enlarging the United Stockport Circuit.|
|Review our Chapel in the Fields project, and secure a
funding agreement for the next five years.|Achieved.|
|Review our City Centre Minister project, and secure a
funding agreement with partners for the next five years.|Achieved.|
|Developing greater engagement with civic and social
issues|This is a continuing piece of work led by our City Centre Minister and
has included work on climate change, homelessness, asylum seekers
and refugees, and hate crime.|
|Develop a policy on church planting|A new Church Planting Officer was appointed in September 2019, who
was tasked with formulating this policy. However, in December the
officer resigned from ministry in the Methodist Church, so the work was
not completed. Recruitment has taken place and a new Church Planting
Officer begins work on 1stSeptember 2020.|
|Review our lay employment policy|We explored the possibility of doing this with an external consultant.
However, the Covid-19 pandemic intervened and we were unable to
proceed.|
**3**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2020**
## **Covid-19 response**
The Covid-19 pandemic meant that all churches and circuits had to rethink their ways of operating. The District sought to support these changes, and made its own changes. This included regular discussions between superintendent ministers on the impact of the pandemic on ways of working, and the facilitation of setting up cheaper non-profit Zoom accounts. All meetings have moved online for the foreseeable future. This included a successful presbyteral synod, with about 120 taking part, held on Ascension Day.
## **Methodist International House (MIH)**
MIH has provided accommodation for students from many different areas of the world, including several from the UK. It provides a place of intercultural hospitality and exchange, which considerably enhances the educational experience of residents. Some stay for the year while others stay for a shorter period, depending on their courses. It is not unusual to receive visitors who had been residents in the past for a shorter stay and this is always welcome.
Staff continue to work to provide cultural opportunities for residents, as well as offering pastoral support. The House continues to be a vibrant presence in the Victoria Park area and hosts many community and Christian groups on a regular basis. The MIH story has been shared with many churches in the District and beyond, and invitations from groups for a visit or a speaker are always welcome.
However, it has become clear during the year that MIH, which has operated at a loss for several years, saw its deficit increase substantially this year. A review process was initiated as a matter of urgency to report back to District Council in September 2020.
The response to Covid-19 has been particularly challenging in this setting. MIH has managed by becoming a single household, with residents supporting each other.
The District is grateful to the members of the MIH Council for their oversight of this work. The generous work of Mr Dimitri Brady, the Warden of MIH, is exceptional and sacrificial; residents, staff and the District owe him a debt of gratitude.
## **Chapel in the Fields**
Set in the Sale Circuit, the Chapel at Sinderland Green is the focus of the District Project called The Chapel in the Fields, which is now three years old. The Project Manager, Rev. Kevin Johnson, is accountable to a Management Group and works with them to provide direction for the project. Work is continuing through community engagement, the equipping of a wood-work shop to provide opportunities for vulnerable men to meet and be supported, Godly-play events for visiting groups, a series of regular quiet days, outreach to the local crematorium, and engagement with creative arts. The chapel also hosts a variety of groups who come to use the premises. A pre-existing local congregation continue to hold responsibility as the Managing Trustees of the building, while the District is responsible for the activities of the Project.
The Covid-19 pandemic has meant all physical meeting in the chapel had to cease. However, Kevin Johnson has led a small group of volunteers in providing creative on-line resources which have been widely circulated and appreciated. Before the pandemic a small new Christian community had been established; connections for this group have continued on-line.
## **Public benefit**
In working towards its charitable objectives the District has had regard to the Charity Commission guidance on Public Benefit.
## **Contribution of volunteers**
The District can only function through the contribution of volunteers, chiefly lay people, who fulfil a wide range of roles within the District serving on various committees and giving generously of their time to further God’s Kingdom.
## **FINANCIAL REVIEW**
## **Overview**
Overall the District had a deficit on general unrestricted funds, before transfers, for the year of £1,199,28 after providing for an impairment loss on its freehold property, Methodist International House, of £1,140,00 (see note 25). Without this provision the underlying loss would have been £59,288. Included in the £59,288, were deficits in respect of the two District projects MIH and Chapel in the Fields. The total deficit on MIH for the year was £48,822, of which £2,482 was offset against restricted funds and £6,210 against designated funds for this purpose, leaving a balance of £40,130 included in the final deficit on general unrestricted funds. The deficit on Chapel in the Fields was £7,189, which was offset against designated funds for this project by way of transfer. The net loss on core activities excluding MIH and Chapel in the Fields was £11,969.
The District Advance Fund continued to be used to support the District’s expenditure in the year as follows:
||**2020**|**2019**|
|---|---|---|
||**£**|**£**|
|Core costs|67,456|70,052|
|Chapel in the Fields|3,856|5,784|
|City Centre ministry|7,483|6,648|
Grants totalling £43,734 (2019 - £132,074) were awarded in the year out of DAF. The start of the Covid pandemic in March 2020 and a moratorium then imposed on new grant applications impacted the overall level of grants awarded in the year.
**4**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2020**
In 2020/21, the District Advance Fund will support budgeted costs of £83,146 covering core expenditure, Chapel in the Fields and City Centre ministry. There are sufficient available reserves in the DAF at 31[st] August 2020 to cover these costs.
In 2018/19 the District received a legacy of c£75k with the wish that it be used to support Alderley Edge Methodist Church; this money was transferred to that church during 2019/20.
## **Risk management**
The trustees have considered the risks facing the charity and have taken appropriate measures to mitigate those risks.
## **Investment policy and review**
Surplus funds are usually placed on deposit either with a high street clearing bank or with the Methodist Church Central Finance Board (CFB). Some years ago, the District was in a position to invest some of its funds longer term and did so through investing in CFB Managed Funds.
## **Reserves**
– Reserves Policy general funds
The District requires between three and six months operating costs as free reserves (unrestricted funds not invested in tangible fixed assets or otherwise designated). Based on the 2020/21 budget and excluding costs that are currently grant funded or met by the District Advance Fund, this would equate to about £25k to £50k. At the year end the District had free reserves of £61,043, exceeding the upper level by only c£11k. It is anticipated that the fund will be brought into range by 31[st] August 2021.
## Reserves Policy – District Advance Fund
The District Advance Fund (DAF) represents a designated fund within the District accounts which is used:
- ➢ To support the growth and development of churches and circuits within this District as they seek to engage faithfully in God’s mission. It sees as its key purpose the need to provide funds so that churches and circuits may grasp and develop mission and discipleship opportunities within their own localities which would not be possible purely through their own financial resources. Primarily, the funds from the DAF are intended for Mission and Ministry projects;
- ➢ And in recognition that in order to obtain funding from other sources it is helpful for the applicant to show tangible support from the District, up to 25% of the annual DAF allocation is available to support Property Schemes.
Grants are only awarded where there are sufficient funds available at the time of the award to meet all future commitments. In addition to future grants that are shown as liabilities within the accounts, the District is committed (as noted above) to supporting its own managed projects to a budgeted total of £83,146 in 2020/21, an amount covered by available funds in the DAF at 31[st] August 2020. Taking these budgeted costs and all grant liabilities into account, at 31[st] August 2020 the funds in the DAF stood at:
|Cash balances (in DAF investment & cash)
Less grant liabilities (notes 16 & 17)
Less designated for Chapel in the Fields
Balance per designated funds (note18)
Less budgeted to support District costs 2020/21
Funds not committed (but see note below)|£
393,094
(96,723)
(12,192)|
|---|---|
||284,179
(83,146)|
||201,033|
Subsequent to the year end, the District took a decision to review options for Methodist International House to address its need for a viable future in the light of operational losses being incurred. A commitment was made to residents that accommodation in its current form would continue until 30[th] June 2021, from which point the future of the building, which could include continuing in a similar way, would be determined. Underlying operating losses are being exacerbated by the Covid pandemic; an operating loss in the region of £50k is forecast for the period 1[st] September 2020 to 30[th] June 2021. These losses and the uncertainty of costs associated with implementing whatever decision is taken around the building’s future are mitigated by the substantial level of DAF funds not committed.
## **Grant making policy**
Annual contributions are taken on certain Circuit Model Trust Funds, by the Custodian Trustee, to make funds available to District Advance Funds to support work within the District. The District Advance Fund (DAF) also receives funds from the Connexional Advance Fund which is funded by levies on the receipts from Methodist Church property sales.
The DAF exists to:
- Support innovative work carried out by the District on behalf of the Circuits and Churches;
- Make grants to support new and experimental work carried out by Circuits and Churches to advance mission, ministry and service;
- Support property schemes where this is required to enable access to other funding.
There is a District Grants Committee which reviews applications and makes awards in accordance with District policy and after taking account of the relevant merits of the application, local matched funding and local resources. Grants are for a maximum of £20,000 and for no more than five years initially, with the fourth and fifth years subject to satisfactory review. Support for property projects is restricted to no more than 10% of the value of the scheme up to a maximum of £5,000. In addition, the District uses part of the DAF to support the delivery of its own services to Circuits but this is agreed through the annual budgeting process and not by application to the grants committee. The District does not make grants available to non-Methodist organisations.
**5**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2020**
## **Going concern**
The Trustees do not believe there are any issues affecting the District’s ability to continue to operate as a going concern.
## **FUTURE PLANS**
For 2020/21 the District is/will:
- Use the existing District Mission Plan, and work towards a review for the next five years (2021-2026).
- Respond to the rapidly changing circumstances of circuits and churches in the Covid-19 pandemic.
- Continuing to work in partnership with Transforming Churches & Communities (TC&C) and the other Districts in our region.
- Continue to work with churches and circuits to enable them to realise God’s vision.
- Review and make decisions about the continuing work of Methodist International House.
- Continue to create safer spaces and ensure we meet all safeguarding obligations.
- Recruit new people to fill key vacancies in the District and work to ensure succession planning for others.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
## **Governing Document and background**
The District is part of the Methodist Church of Great Britain and its status as a charity derives from The Methodist Church Act 1976.
The District became a registered charity with the Charity Commission with effect from April 12 2010. Prior to that it was an excepted charity under statutory Instrument 2002 Number 1598 The Charities (Exception from Registration) (Amendment) Regulations 2002. This regulation applies to a charity wholly or mainly concerned with the advancement of religion.
The charity is governed by the Constitutional Practice and Discipline (CPD) of the Methodist Church, the Methodist Church Act and the Deed of Union.
## **Appointment of Trustees**
Each of the Circuits within the District is eligible to appoint a member of the Council; other members of the Council are appointed to fulfil specific roles by the Synod after prayerful consideration. Members of the Council bring with them expertise and experience from the wider church and no specific programme of induction or training is currently in place for the majority of trustees, although the Methodist Church does provide occasional courses and handbooks for specific roles.
## **Organisation**
The trustee body is called the District Council. Members of the Council bring with them expertise and experience from the wider church and no specific programme of induction or training is currently in place for the majority of trustees. The Methodist Church operates through a large number of trustee bodies, for each church and circuit. The District provides regular opportunities for training in trusteeship across the District, which District Council members have the opportunity to attend. 30 people have taken part in that training during the financial year. The Chair of District undergoes a thorough national induction process, usually including shadowing their immediate predecessor for a period of at least twelve months.
The District Council meets three times a year to confer on all aspects of the life of the District, to set policy and to make recommendations to the District Synod which meets twice a year in Representative Session. In addition, there is a Ministerial Synod which meets annually to consider matters relating to presbyteral ministry as set out in CPD.
A sub-committee of the District Council, called the Strategy and Resource Executive, takes additional responsibility for the activities of the charity, by presenting the District Council with advice and proposals, and oversee the implementation of strategy.
The District is required to carry out a number of governance and oversight tasks on behalf of the Conference (national church) which are the responsibility of the Synod. The Synod has a number of committees which facilitate this work and where permitted responsibility is delegated to the appropriate committees.
Other standing committees of the District are answerable to the District Council; these include:
- The District Grants Committee, which oversees grants made by the District, mainly to circuits and churches within the District, from the District Advance Fund.
- The District Safeguarding Group (which has an independent Chair).
**6**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2020**
## **Related parties**
Details of related party transactions are given in note 23 to the financial statements.
## **Co-operation with other organisations/charities**
The District works closely with the Methodist Circuits and Churches within its area and with its ecumenical partners, as well as with the Methodist Church of Great Britain.
The District has worked during the year with Transforming Churches & Communities and continued to collaborate with the other Methodist Districts in the North West and Mann Region.
It has worked with Sheffield and Nottingham & Derby Districts (of the Methodist Church) to support the Rural Development Enabler (RDE) serving in the Derbyshire Peak Park area which is served by circuits in all three Districts. The M&S District provides financial support via the District Advance Fund.
## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). These require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees have:
- selected suitable accounting policies and applied them consistently;
- observe the methods and principles in the Charities SORP (FRS 102) (second edition – October 2019););
- made judgements and estimates that are reasonable and prudent;
- stated whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepared the financial statements on the going concern basis
The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **APPROVAL**
Approved by the Trustees and signed on their behalf by:
Revd Dr Andrew Lunn - Trustee
Date:
**7**
## **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT FOR THE YEAR ENDED AUGUST 31 2020**
I report to the charity trustees on my examination of the accounts of the charity for the year ended August 31 2020 which are set out on pages 9 to 27.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I a member of the ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Peter Smith BA FCA DChA**
For and on behalf of: Chittenden Horley Limited Chartered Accountants 456 Chester Road Old Trafford Manchester M16 9HD Date:
**8**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED AUGUST 31 2020**
|**Notes**
**INCOME FROM:**
Donations
2
Charitable activities
3
Other trading income
4
Investment income
5
Other income
6
**TOTAL INCOME**
**EXPENDITURE**
Raising funds
7
Charitable activities
8
**TOTAL EXPENDITURE**
Net gains/(losses) on investments
15
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
12
Transfers between funds
**NET MOVEMENT IN FUNDS**
20
**RECONCILIATION OF FUNDS**
**FUNDS BROUGHT FORWARD**
20
**FUNDS CARRIED FORWARD**
20|**General**
**DAF**
**Other**
**Designated funds**
**Unrestricted funds**|**General**
**DAF**
**Other**
**Designated funds**
**Unrestricted funds**|**General**
**DAF**
**Other**
**Designated funds**
**Unrestricted funds**|**Restricted**
**Funds**
**£**
31,575
99,656
-
17
-|**Total**
**2020**
**£**
**328,264**
**239,584**
**-**
**5,979**
**-**|**Total**
**2019**
**£**
_354,847_
_243,455_
_-_
_6,114_
_-_|
|---|---|---|---|---|---|---|
||**£**
96,906
139,928
-
3,106
-|**£**
199,783
-
-
2,856
-|**£**
-
-
-
-
-
-
-
85,005||||
||239,940|202,639||131,248|**573,827**|_604,416_|
||3,924
1,434,191|664
56,709||4
173,785|**4,592**
**1,749,690**|_3,649_
_575,487_|
||1,438,115
(1,113)|57,373
-|85,005
-|173,789
-|**1,754,282**
**(1,113)**|_579,136_
_773_|
||(1,199,288)
107|145,266
20,029|(85,005)
(27,218)|(42,541)
7,082|**(1,181,568)**
**-**|_26,053_
_-_|
||(1,199,181)
2,520,700|165,295
118,884|(112,223)
200,264|(35,459)
137,326|**(1,181,568)**
**2,977,174**|_26,053_
_2,951,121_|
||1,321,519|284,179|88,041|101,867|**1,795,606**|_2,977,174_|
The notes on pages12 to 27 form part of these financial statements.
**9**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT BALANCE SHEET AS AT AUGUST 31 2020**
|**Notes**
**FIXED ASSETS**
Tangible fixed assets
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Investments
15
Cash at Bank and in Hand
**CREDITORS**
Amounts falling due in one year
16
**NET CURRENT ASSETS**
**CREDITORS**amounts falling
due in more than one year
17
**NET ASSETS**
**FUNDS**
**_Unrestricted:_**
18
General
Designated - DAF
Designated other
Restricted
18
**TOTAL FUNDS**|**2020**
**£**
**20,136**
**343,124**
**256,392**
**619,652**
**142,788**|**2020**
**£**
**1,266,876**
**77,670**|**2019**
**2019**
**£**
**£**
_2,430,880_
_77,562_
_2,508,442_
_25,311_
_333,747_
_323,314_
_682,372_
_185,746_
_496,626_
3,005,068
27,894
_2,977,174_
_2,520,700_
_118,884_
_200,264_
_2,839,848_
_137,326_
_2,977,174_|
|---|---|---|---|
|||**1,344,546**
**476,864**||
||**1,321,519**
**284,179**
**88,041**|||
|||**1,821,410**
**25,804**||
|||**1,795,606**||
|||**1,693,739**
**101,867**||
|||||
|||**1,795,606**||
The notes on pages12 to 27 form part of these financial statements.
**Approved by the Trustees and authorised for issue on: And signed on their behalf by:**
## **Revd Dr Andrew Lunn - Trustee**
**10**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT STATEMENT OF CASH FLOWS AS AT AUGUST 31 2020**
|**Notes**
**Cash used in operating activities**
22
**Cashflows from investing activities**
Interest and dividends
Purchase of investments
**Cash provided by/(used in) investing activities**
**Increase/(decrease) in cash & cash equivalents in the year**
**Cash and cash equivalents brought forward**
**Cash and cash equivalents carried forward**
**Cash and cash equivalents consist of:**
Cash at bank and in hand
Current asset investments - Trustee interest fund|**2020**
**£**
**(62,303)**
**5,979**
**(1,221)**
**4,758**
**(57,545)**
**657,061**
**599,516**
**256,392**
**343,124**
**599,516**|**2019**
**£**
_117,470_
_6,114_
_(1,842)_
_4,272_
_121,742_
_535,319_|
|---|---|---|
|||_657,061_|
|||_323,314_
_333,747_|
|||_657,061_|
The notes on pages12 to 27 form part of these financial statements.
**11**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **1 ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared: under the historic cost convention, as modified by the revaluation of investments (as set out below) through the statement of financial activities; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2015; FRS102; and the Charities Act 2011.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on July 16 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The charity constitutes a public benefit entity as defined by FRS102.
The accounts are stated in £ sterling the functional currency of the charity.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Income recognition**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income:
**Grants** , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received.
**Donations** from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.
**Earned income** is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts.
## **Deferred income**
Income is only deferred and included in creditors when:
- The income relates to a future accounting period
- A sales invoice has been raised ahead of the work being carried out and there is no contractual entitlement to the income until the work has been done
- Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded
## **Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Costs of raising funds
including those associated with fundraising activities and managing investments.
Charitable activities costs of undertaking the work of the charity.
The charity is not registered for VAT and cannot recover any input tax charged. Costs are stated inclusive of VAT where charged.
## **Allocation of support costs**
Support costs are those functions which assist the work of the charity either by supporting the delivery of charitable activities or by supporting the generation of funds. They include, back office functions, staff costs and professional fees. The basis of allocations is set out in note 9.
## **Financial instruments**
The charity has only basic financial instruments which are initially recorded at cost, and with the exception of investments (as set out above) subsequently measured at their settlement value.
**12**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **1 ACCOUNTING POLICIES (continued)**
## **Pension contributions**
The District participates in the following pension funds:
## Methodist Ministers’ Pension Fund
The District is a member of the Connexional pension scheme (MMPS) which covers presbyters and deacons of the Methodist Church. The contribution rates are set each year by the Methodist Conference, and for the year under review the employer contributions were 26.9% (2018: 26.9%) of stipend.
The MMPS is a multi-employer scheme, and in accordance with the guidance issued by the Charity Commission, the District accounts for those contributions as if it were a defined contribution scheme. It has done so because it is unable to identify its share of the underlying assets and liabilities on a consistent and reasonable basis. Contributions are charged to the SoFA in the period in which they are payable.
## Lay staff
The charity operates a defined contribution pension scheme for its lay employees, and matches its employees’ contributions up to 6% of gross pay. For one individual it has agreed to make contributions on a similar basis to their personnel pension scheme.
The contributions are paid to a third party who invests the contributions in a money purchase plan. Contributions are charged to the SoFA as they become payable.
## **Impairment**
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
## **Fixed assets and depreciation**
Fixed assets are shown at cost to the District, with the exception of the manses and other property assets. These have been included at the Trustees’ valuation as permitted under the SoRP, when assets not previously included in the balance sheet are capitalised. Assets costing less than £1,000 are written off as revenue expenditure in the year of acquisition.
Depreciation is provided to write off the cost or valuation less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
|Methodist International House|-|1% straight line (excluding freehold land)|
|---|---|---|
|District manse|-|1% straight line (excluding freehold land)|
|Property improvements|-|10% per annum straight line|
|Furniture and fittings|-|25% per annum straight line|
|Chapel in the Fields equipment|-|10% per annum straight line|
Freehold land is not depreciated.
## **Investments, gains and losses**
Fixed assets investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The SoFA includes the net gains and losses arising on revaluation and on disposals throughout the year.
Gains and losses on investments are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference between sale proceeds (net of transaction costs) and the opening carrying value or cost, if acquired during the year. Unrealised gains and losses are calculated on the difference between opening and closing fair values.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.
**13**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
|**2 DONATIONS**
Contributions from Circuit Model Trust Funds
Distribution Connexional Priority fund
Circuit Assessments
Legacy
District Partnership Fund
MIH other donations
Chapel in the Fields donations
Contributions from Circuit Model Trust Funds
Distribution Connexional Priority fund
Circuit Assessments
Legacy
District Partnership Fund
MIH other donations
Chapel in the Fields donations|**Unrestricted**|**DAF**
**Restricted**
**2020**|**DAF**
**Restricted**
**2020**|**Total**|**2019**
**Total**|
|---|---|---|---|---|---|
||**£**
-
-
96,906
-
-
-
-|**£**
66,184
133,599
-
-
-
-
-|**£**
-
-
-
-
18,496
1,035
12,044|**£**
**66,184**
**133,599**
**96,906**
**-**
**18,496**
**1,035**
**12,044**|**£**
_58,479_
_117,380_
_74,199_
_74,862_
_19,782_
_4,659_
_5,486_|
||96,906|199,783|31,575|**328,264**|_354,847_|
|||||||
||**Unrestricted**|**DAF**
**Restricted**
**2019**||**Total**||
||**£**
_-_
_-_
_74,199_
_-_
_-_
_-_
_-_|**£**
_58,479_
_117,380_
_-_
_-_
_-_
_-_
_-_|**£**
_-_
_-_
_-_
_74,862_
_19,782_
_4,659_
_5,486_|**£**
**_58,479_**
**_117,380_**
**_74,199_**
**_74,862_**
**_19,782_**
**_4,659_**
**_5,486_**||
||_74,199_|_175,859_|_104,789_|**_354,847_**||
## **3 INCOME FROM CHARITABLE ACTIVITIES**
|**Core district activities**
Church Planting Officer - Connexion
City Centre Minister - MCHM
Temporary Missioner - MCHM
NWLN - Youth & Children's worker
TMCP - Synergy Project
Other Charitable income
**MIH**
Accommodation & other income
**Bastion Games**
Connexional grant
NPNP grant
**Chapel in the Fields**
Mission and Ministry grant
Other income
Total|**Unrestricted**|**Restricted**
**2020**|**Total**|**Unrestricted**|**Restricted**
**Total**
**2019**|
|---|---|---|---|---|---|
||**£**
-
-
-
-
-
514|**£**
32,417
30,000
5,000
-
-
-|**£**
**32,417**
**30,000**
**5,000**
**-**
**-**
**514**|**£**
_-_
_-_
_-_
_-_
_1,889_|**£**
**£**
_32,417_
**_32,417_**
_30,000_
**_30,000_**
_5,097_
**_5,097_**
_7,500_
**_7,500_**
_-_
**_1,889_**
_75,014_
**_76,903_**
_-_
**_138,933_**
_-_
**_138,933_**
_-_
**_-_**
_-_
**_-_**
_-_
**_-_**
_5,784_
**_5,784_**
_-_
**_21,835_**
_5,784_
**_27,619_**
_80,798_
**_243,455_**|
||514|67,417|**67,931**|_1,889_||
||118,926|-|**118,926**|_138,933_||
||118,926|-|**118,926**|_138,933_||
||-
-|26,883
1,500|**26,883**
**1,500**|_-_
_-_||
||-|28,383|28,383|_-_||
||-
20,488|3,856
-|**3,856**
**20,488**|_-_
_21,835_||
||20,488|3,856|**24,344**|_21,835_||
||139,928|99,656|**239,584**|_162,657_||
(MCHM - Methodist Central Hall, Manchester)
**14**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
|**4 INVESTMENT INCOME**
Income from fixed asset investments
Bank and CFB interest
Bank interest (MIH account)|**Unrestricted**|**DAF**
**Restricted**
**Total**
**2020**||**2019**
**Total**|
|---|---|---|---|---|
||**£**
2,743
363|**£**
**£**
**£**
**£**
-
**-**
**_-_**
2,856
17
**5,616**
**_5,525_**
-
-
**363**
**_589_**
2,856
17
**5,979**
**_6,114_**|||
||3,106||||
|Income from fixed asset investments
Bank and CFB interest
Bank interest (MIH account)|**Unrestricted**|**DAF**
**Restricted**
**Total**
**2019**|
|---|---|---|
||**£**
_-_
_3,007_
_589_|**£**
**£**
**£**
_-_
_-_
**_-_**
_2,497_
_21_
**_5,525_**
_-_
_-_
**_589_**
_2,497_
_21_
**_6,114_**|
||_3,596_||
**15**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
|**COSTS OF RAISING FUNDS**
Investment management charges
Support costs
Investment management charges
Support costs|**Unrestricted**|**DAF**
**Restricted**
**2020**|**DAF**
**Restricted**
**2020**|**Total**|**2019**
**Total**|
|---|---|---|---|---|---|
||**£**
282
3,642|**£**
664
-|**£**
4
-|**£**
**950**
**3,642**|**£**
**_898_**
**_2,751_**
**_3,649_**|
||3,924|664|4|**4,592**||
|||||||
||**Unrestricted**|**DAF**
**Restricted**
**2019**||**Total**||
||**£**
_270_
_2,751_|**£**
_622_
_-_|**£**
_6_
_-_|**£**
**_898_**
**_2,751_**||
||_3,021_|_622_|_6_|**_3,649_**||
## **5 COSTS OF RAISING FUNDS**
## **6 COSTS OF CHARITABLE ACTIVITIES**
|**COSTS OF CHARITABLE ACTIVITIES**||||||
|---|---|---|---|---|---|
|DAF Grants - note 7
Other charitable expenditure - note 8|**Unrestricted**|**DAF**|**other des.**
**2020**|**Restricted**|**Total**|
||**£**
-
1,434,191|**£**
43,734
12,975|**£**
-
85,005|**£**
-
173,785||
||1,434,191|56,709|85,005|173,785||
|Grants - note 7
Other charitable expenditure - note 8|**Unrestricted**|**DAF**|**other des.**
**2019**|**Restricted**
**Total**|
|---|---|---|---|---|
||**£**
_-_
_290,729_|**£**
_132,074_
_1,332_|**£**
_-_
_82,484_|**£**
**£**
_-_
**_132,074_**
_68,868_
**_443,413_**
_68,868_
**_575,487_**|
||_290,729_|_133,406_|_82,484_||
Included in other charitable expenditure for 2020 are the following grants:
|District Youth Council - 3 generate
Alderley Edge Methodist Church
Loan to Emmanuel Salford converted
converted into a grant
GM Churches Together
GM Citizens|**Unrestricted**|**DAF**|**other des.**
**2020**|**Restricted**
**Total**|
|---|---|---|---|---|
||**£**
-
-
11,500
3,250
750|**£**
-
-
-
-
-|**£**
-
-
-
-
-|**£**
**£**
900
**900**
74,862
**74,862**
-
**11,500**
-
**3,250**
-
**750**
75,762
**91,262**|
||15,500|-|-||
In the previous year the District received a legacy with the wish that the funds would might be applied to support Alderley Edge Methodist Church. After prayerful consideration, the District agreed to make a grant of the same amount to the church.
**16**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **7 GRANTS DUE AND PAID**
|**Liability as**
**Awarded in**
**Paid out in**
**Liability as**
**Awarded in**
**Paid out in**
**Liability as**
**at 31/08/18**
**the year**
**the year**
**at 31/08/19**
**the year**
**the year**
**at 31/08/20**
**20/21**
**21/22 & later**
**District Advance fund**
**£**
**£**
**£**
Alderley Edge & Knutsford
Family Missioner
_9,656_
(14,484)
4,828
**_-_**
-
**-**
Alderley Edge & Knutsford
Zac's House (church plant)
_-_
19,565
(8,029)
**_11,536_**
4,102
(6,306)
**9,332**
5,230
_4,102_
Bramhall & Wythenshawe
Children & Family Worker
_2,500_
-
(2,500)
**_-_**
2,500
(2,500)
**-**
-
_-_
Bramhall & Wythenshawe
Bromley Green Women's Project
_-_
5,000
-
**_5,000_**
-
-
**5,000**
5,000
_-_
Bramhall & Wythenshawe
Northenden reseeding worship
_-_
5,000
-
**_5,000_**
-
-
**5,000**
5,000
_-_
Bramhall & Wythenshawe
mindfulness training
_-_
500
(500)
**_-_**
-
-
**-**
-
_-_
Bramhall & Wythenshawe
Wythenshawe CAP
_-_
5,000
-
**_5,000_**
**5,000**
5,000
Buxton
Chaplaincy Derby University
_-_
5,000
(2,500)
**_2,500_**
5,000
(2,500)
**5,000**
2,500
_2,500_
District
TC&C
_15,000_
15,000
(15,000)
**_15,000_**
15,000
(15,000)
**15,000**
15,000
_-_
District
GMCT
_-_
3,250
(3,250)
**_-_**
**-**
-
_-_
District
Sheffield re RDE
_12,000_
24,600
(12,000)
**_24,600_**
12,600
(12,200)
**25,000**
12,400
_12,600_
District
Mcr Uni Chaplaincy
_5,000_
5,000
(5,000)
**_5,000_**
5,000
(5,000)
**5,000**
5,000
_-_
District
Bastion Games Christian Venture
_-_
1,000
(1,000)
**_-_**
-
-
**-**
-
_-_
District
RDE: pioneer ministry training
_-_
133
(133)
**_-_**
-
-
**-**
-
_-_
District
Peak Park: pioneer ministry training
_-_
138
(138)
**_-_**
-
-
**-**
-
_-_
District
Central Hall civic Training
_-_
-
-
**_-_**
1,000
**1,000**
1,000
_-_
Manchester
remodelling Moston
_-_
936
(936)
**_-_**
-
-
**-**
-
_-_
Oldham & Saddleworth
Children's & Youth Pastor
_6,300_
-
-
**_6,300_**
(6,300)
-
**-**
-
_-_
Oldham & Saddleworth
Children & Families Worker (E Oldham)
_5,000_
(5,000)
**_-_**
-
-
**-**
-
_-_
Oldham & Saddleworth
Young People's Worker (E Oldham)
_-_
9,500
-
**_9,500_**
4,000
(5,000)
**8,500**
4,500
_4,000_
Oldham & Saddleworth
Affirm Church reseeding
_-_
1,000
(1,000)
**_-_**
-
-
**-**
-
_-_
Oldham & Saddleworth
Family worker
_-_
-
-
**_-_**
5,000
(5,000)
**-**
-
_-_
Shaw & Royton
Pioneer Ministry
_-_
-
-
**_-_**
8,096
(2,705)
**5,391**
2,789
_2,602_
Stockport
Connect@TiviotDale:
_-_
- church plant
_26,987_
-
(15,000)
**_11,987_**
(11,987)
**-**
-
_-_
- Bridge Centre manager
_-_
5,333
-
**_5,333_**
(1,333)
(4,000)
**-**
-
_-_
- ongoing costs
_-_
15,639
(6,000)
**_9,639_**
(4,431)
(5,208)
**-**
-
_-_
- youth room equipment
_-_
3,000
(1,500)
**_1,500_**
(1,500)
-
**-**
-
_-_
Stretford &Urmston
Outreach through connect
_-_
-
-
**_-_**
5,000
(2,500)
**2,500**
2,500
_-_
Whaley Bridge
Community based projects
_-_
1,964
(1,964)
**_-_**
**-**
_82,443_
_112,074_
_(76,622)_
**_117,895_**
53,734
(79,906)
**91,723**
**65,919**
**25,804**
**Property grants**
Bramhall & Wythenshawe
Northenden
_-_
5,000
_-_
**_5,000_**
**5,000**
**5,000**
**-**
Oldham & Saddleworth
South Chadderton
_-_
5,000
_-_
**_5,000_**
(5,000)
-
**-**
**-**
**-**
Stockport
Connect@TiviotDale:
_-_
5,000
_-_
**_5,000_**
(5,000)
-
**-**
**-**
**-**
Whaley Bridge
Fernilee
_-_
5,000
(5,000)
**_-_**
**-**
**-**
**-**
_-_
_20,000_
_(5,000)_
**_15,000_**
(10,000)
-
**5,000**
5,000
-
TOTALS
_82,443_
_132,074_
_(81,622)_
**_132,895_**
43,734
(79,906)
**96,723**
70,919
25,804|**65,919**
**25,804**|**5,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|5,000
-|70,919
25,804|
|---|---|---|---|---|
**17**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **8 CHARITABLE EXPENDITURE**
||**2019**
**Total**|**2019**
**Total**|**2019**
**Total**|**2019**
**Total**|
|---|---|---|---|---|
||**Restricted**||||
|**Unrestricted funds**|**DAF**
**Other**
**Designated**||||
||**General**||||
||**2020**
**Total**|**1,705,956**|**78,487**
**2,557**
**-**
**10,715**
**763**
**91,262**
**4,188**
**1,575**
**-**
**19,787**
**22,587**
**13,100**
**1,140,000**
**292**
**7,082**
**37,483**
**35,778**|1,246,919
5,875
74,939
137,923
**1,465,656**|
|**Restricted**|**Funds**|173,785|5,000
-
-
-
-
75,762
-
-
-
19,787
-
-
-
292
7,082
30,000
-||
|**Unrestricted funds**|**DAF**
**Other**
**Designated**|85,005|39,372
2,557
-
3,562
-
-
4,188
-
-
-
17,777
-
-
-
-
7,483
-||
|||12,975|5,000
-
-
-
-
-
-
875
-
-
-
-
-
-
-
-||
||**General**|1,434,191|29,115
-
-
7,153
763
15,500
-
700
-
-
4,810
13,100
1,140,000
-
-
-
35,778||
||District core
MIH
Bastion Games
Chapel in the Fields
**District core**
**Direct costs**
Stipends and salaries
Ministry support
Donations and grants
Meetings, events and travel
Training
Grants
District Development Plan
Consultancy
Property Support Services
District Partnership Fund
Manse & housing costs
Depreciation
Impairment loss
Synergy Project
Church Planting Minister
City Centre Minister
**Support costs**||||
**18**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **8 CHARITABLE EXPENDITURE (continued)**
||**2019**
**Total**|**£**
**_87,731_**
**_55,843_**
**_-_**
**_6,593_**
**_831_**
**_-_**
**_19,469_**
**_660_**
**_1,049_**
**_-_**
**_-_**|**_172,176_**|_-_
**_-_**
_-_
**_-_**
_-_
**_-_**|_-_
-|_5,784_
_5,784_
**_32,986_**
_-_
_-_
**_4,800_**
_-_
_-_
**_11,373_**
_-_
_-_
**_808_**
_-_
_-_
**_581_**
_-_
_-_
**_336_**
_-_
_-_
**_900_**
_-_
_5,486_
**_-_**|_5,784_
_5,784_
**_32,986_**
_-_
_-_
**_4,800_**
_-_
_-_
**_11,373_**
_-_
_-_
**_808_**
_-_
_-_
**_581_**
_-_
_-_
**_336_**
_-_
_-_
**_900_**
_-_
_5,486_
**_-_**|
|---|---|---|---|---|---|---|---|
||**Restricted**|**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_4,659_|_4,659_|||||
|**Unrestricted funds**|**DAF**
**Other**
**Designated**||_-_|_-_
_-_
_-_|_-_|||
||||_-_|_-_
_-_
_-_
|_-_
|_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_||
||**General**|||||||
|||||||||
||**2020**
**Total**||**169,146**|**15,294**
**3,500**
**4,927**|**23,721**|**34,130**
**4,916**
**5,954**
**1,199**
**334**
**-**
**900**
**-**|27,677
-
3,856
15,900
**47,433**|
|**Restricted**|**Funds**||3,517|15,294
-
1,151|16,445|3,856
-
-
-
-
-
-
12,044||
|**Unrestricted funds**|**DAF**
**Other**
**Designated**||6,210|-
-
-
|-
|3,856
-
-
-
-
-
-
-||
||||159,419
-|-
-
-
3,500
176
3,600|176
7,100|26,418
-
4,916
-
5,954
-
1,199
-
334
-
-
-
900
-
(12,044)
-||
||**General**|||||||
||**MIH**
**Direct costs**
Staff costs
Property and insurance costs
Internet service
Operating costs
Activities and sundries
Student hardship
Depreciation
**Support costs**
Accountancy & payroll
Interest and charges
Charged to designated funds
**Charged restricted funds**
**Bastion Games**
Staff costs
Consultancy/management costs
Other costs
**Chapel in the Fields**
Stipend
Manse costs
Activity costs
Heat, light, water
Phone
Chapel maintenance
Depreciation
Other costs charged to restricted funds|||||||
**19**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
|**9 SUPPORT COSTS**
**_General support costs_**
Staff costs
Travel & other expenses
Office and other administration costs
Management accounts services
**_Governance costs_**
Synod expenses
Professional fees|**Raising**
**Funds**
**£**
1,480
29
1,395
738
-
-|**Charitable**
**Activities**
**£**
13,324
260
12,555
6,639
-
3,000|**2020**
**Total**
**£**
**14,804**
**289**
**13,950**
**7,377**
**-**
**3,000**|**Raising**
**Funds**
**£**
_1,312_
_9_
_507_
_923_
_-_
_-_|**Charitable**
**2019**
**Activities**
**Total**
**£**
**£**
_11,811_
**_13,123_**
_81_
**_90_**
_4,562_
**_5,069_**
_8,304_
**_9,227_**
_1,716_
**_1,716_**
_1,400_
**_1,400_**
_27,874_
**_30,625_**|
|---|---|---|---|---|---|
||3,642|35,778|**39,420**|_2,751_||
The above costs are in respect of the District core activities only and none are attributable to MIH. MIH has its own administration and those support costs are shown in note 10.
The District Advance Fund (DAF) is administered by volunteers and no support costs are attributable to the grant making activities.
Costs have been allocated on the trustees estimate of the use of resources.
|**10 NET INCOMING RESOURCES AFTER TRANSFERS**
This is stated after charging/(crediting):
Independent examiners fees:
Examination
Accountancy
Depreciation of tangible fixed assets
Trustees' remuneration as trustees
Trustees' expenses as trustees
**11 STAFF INFORMATION**
**a Staff costs**
Stipends and salaries
Pension contributions - Methodist Ministers Scheme
Pension contributions - defined contribution
Employer's NI contributions|**2020**
**2019**
**£**
**£**
**660**
_1,400_
**2,340**
_-_
**24,004**
_33,469_
**-**
_-_
**-**
_-_
**2020**
**2019**
**£**
**£**
**192,845**
_194,226_
**23,462**
_19,504_
**6,987**
_7,668_
**16,449**
_13,682_
**239,744**
_235,080_|
|---|---|
No staff member was paid more than £60,000 p.a. in either year.
## **b Key management personnel**
The key management of the charity comprise the trustees, who include the District Mission Enabler (DME) and the City Centre Minister who hold a paid posts within the charity. Both are appointed to the District Council because of the posts they hold. No other trustee is paid by the District.
Details of payments are given in the related parties note.
## **c Average staff numbers (head count irrespective of full or part time working)**
|The average number of members of paid staff was as follows:-
District core activities
Bastion Games
Chapel in the Fields
MIH|**Number**
**Number**
**7**
_5_
**1**
_0_
**1**
_1_
**6**
_7_
**15**
_13_|
|---|---|
**20**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **12 TANGIBLE FIXED ASSETS**
|**Methodist**
**International**
**House**
**Cost**
**£**
As at September 1 2019
2,162,462
As at August 31 2020
2,162,462
**Depreciation**
As at September 1 2019
205,680
Charge for the year
16,782
Impairment loss
1,140,000
As at August 31 2020
1,362,462
**Net book value**
As at August 31 2020
800,000
As at August 31 2019
_1,956,782_
Details of the impairmnet review are given in note 25.
**13 FIXED ASSET INVESTMENTS**
Market value brought forward
Income re-invested
Net gain/(loss) on revaluation
Market value carried forward
**_Investments at fair value comprise:_**
CFB mixed managed units
Cash held within investment portfolio
**14 DEBTORS**
Income receivable
Loan to Emmanuel Salford
Prepayments & other debtors|**Methodist**
**International**
**House**
**£**
2,162,462|**District**
**Manse**
**£**
464,960|**Core**
**Office**
**Equipment**
**£**
1,533|**MIH**
**Furniture &**
**Equipment**
**£**
52,612|**CiF**
**Total**
**Equipment**
**£**
**£**
10,000
**2,691,567**
10,000
**2,691,567**
2,700
**260,687**
900
**24,004**
**1,140,000**
3,600
**1,424,691**
6,400
**1,266,876**
_7,300_
_2,430,880_
**2019**
**£**
_74,947_
_1,842_
_773_
77,562
_14,434_
_63,130_
_77,564_
_2,304_
_11,500_
_11,507_
_25,311_|
|---|---|---|---|---|---|
||2,162,462|464,960|1,533|52,612||
||205,680
16,782
1,140,000|12,400
3,100
-|1,533
-
-|38,374
3,222
-||
||1,362,462|15,500|1,533|41,596||
||800,000|449,460|-|11,016||
||_1,956,782_|_452,560_|_-_|_14,238_||
|||||**2020**
**£**
**77,562**
**1,221**
**(1,113)**||
|||||**77,670**||
|||||**15,655**
**62,015**||
|||||**77,670**||
|||||**5,989**
**-**
**14,147**||
|||||**20,136**||
**21**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
|**15 CURRENT ASSET INVESTMENTS**
CFB Trustees' Interest Fund - DAF
CFB Trustees' Interest Fund - Youth Council surplus funds
**16 CREDITORS falling due within one year**
Creditors and accruals
Social Security and other taxes
Income and grants in advance
DAF grants payable within 12 months
Other loan
Residents' deposits
**17 CREDITORS FALLING DUE IN MORE THAN ONE YEAR**
DAF grants payable in more than one year|**2020**
**£**
**342,032**
**1,092**
**343,124**
**42,837**
**8,406**
**8,206**
**70,919**
**10,000**
**2,420**
**142,788**
**25,804**
**25,804**|**2019**
**£**
_331,761_
_1,986_|
|---|---|---|
|||_333,747_|
|||_41,245_
_6,571_
_18,509_
_105,001_
_10,000_
_4,420_|
|||_185,746_|
|||_27,894_
|
|||_27,894_|
**22**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **18 STATEMENT OF FUNDS**
**----- Start of picture text -----**
- - - - - - - -
31/08/2020 £ 1,321,519 284,179 50,849 25,000 12,192 88,041 1,693,739 101,867 1,795,606
£ 107 20,029 (7,189) - - - (11,143) (8,886) (27,218) (7,082) 7,082 -
Transfers
£ (1,113) - - - - - - - - - - - - (1,113) - (1,113)
loses
Gains &
- - - - - -
2019/20
£ (6,210) (7,483) (3,856)
Expenditure (1,438,115) (57,373) (67,456) (85,005) (1,580,493) (173,789) (1,754,282)
- - - - - - - - - - -
£
239,940 202,639 442,579 131,248 573,827
Income
b/f and c/f 31/08/2019 01/09/2019 £ 2,520,700 118,884 6,210 58,038 25,000 12,192 - - - 78,599 16,369 3,856 200,264 2,839,848 137,326 2,977,174
£ 40,888 (77,803) (27,993) (12,895) - - (11,698) (9,323) - 78,599 16,369 3,856 36,915 - - -
Transfers
773 - - - - - - - - - - - - 773 - 773
£
loses
Gains &
£ - - - (6,648) (5,784) - - -
Expenditure (293,750) (134,028) (70,052) (82,484) (510,262) (68,874) (579,136)
- - - - - - - - - - -
2018/19
£
240,452 178,356 418,808 185,608 604,416
Income
01/09/2018 £ 2,532,337 152,359 34,203 70,933 25,000 12,192 81,750 15,971 5,784 - - - 245,833 2,930,529 20,592 2,951,121
Unrestricted funds: General fund Designated Funds: District Advance Fund (DAF) Other designated funds MIH Surplus CiF surplus Mission Enabler long term DAF allocations for 16/17: Chapel in the Fields DAF allocations for 18/19 Core expenditure City Centre ministry Chapel in the Fields DAF allocations for 19/20 Core expenditure City Centre ministry Chapel in the Fields Total unrestricted funds Restricted funds As below Transfers 2019/20 Transfers have been made to/from CiF and MIH surpluses to represent the unrestricted funds held within those projects.. A transfer has been made from unrestricted to church planting officer to eliminate the expnditure in the yaer so as to ensure adequete funding as this project restarts. The unspent allocation for District Core and City Centre ministry for 19/20 have been released back to the DAF.
**----- End of picture text -----**
**23**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **18 STATEMENT OF FUNDS (continued)**
**----- Start of picture text -----**
31/08/2020 £ - 7,019 64,834 - - 6,742 7,208 - 810 - 1,240 - - 2,076 11,938 - - 101,867
£ - - 7,082 - - - - - - - - (1,800) - 1,800 - - 7,082
Transfers
- - - - - - - - - - - - - - - - -
£
loses
Gains &
- - - -
2019/20
Expenditure £ (74,862) (19,787) (7,082) (30,000) (5,000) (292) (904) (2,482) (1,035) (16,445) (3,856) (12,044) (173,789)
£ - 18,496 32,417 30,000 5,000 - - - - - 17 - 1,035 - 28,383 3,856 12,044 131,248
Income
b/f and c/f 31/08/2019 01/09/2019 £ 74,862 8,310 32,417 - - 6,742 7,500 - - 810 - 2,127 4,282 - 276 - - - 137,326
- - - - - - - - - - - - - - - - - - -
£
Transfers
- - - - - - - - - - - - - - - - - - -
£
loses
Gains &
- - - - - - (781) (4) - - -
Expenditure £ (19,983) (30,000) (2,177) (4,659) (5,784) (5,486) (68,874)
- - - - 4 - - -
2018/19 £ 74,862 19,782 32,417 30,000 5,097 7,500 17 4,659 5,784 5,486 185,608
Income
To support youth work in the District, either through District initiatives or by grants to Circuits and Churches, to be spent in the next 2 years.
01/09/2018 £ - 8,511 - - - 3,822 - - 810 777 2,114 4,282 - 276 - - - 20,592
Restricted Funds: Legacy District Partnership fund Church Planting officer City Centre Minister Temporary Missioner LN - Children & Youth enabler Synergy Project Ministers' training fund HVC former staff re attendance at ordination services George Poole Bequest District Youth Council MIH project MIH - general donations MIH - hardship fund Bastion Games CinF - Mission & Ministry grant CinF - Donations Purpose of restricted fund balances (if not clear from above) District Youth Council Other restricted funds will be utilised during 2020/21 and 2021/22.
**----- End of picture text -----**
**24**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **18 STATEMENT OF FUNDS (continued)**
||**2019**|**Total**|**£**|**_2,430,880_**|**_77,562_**|**_-_**|**_496,626_**|**_(27,894)_**||**_2,977,174_**|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||||||||
|||**Restricted**|**£**|_-_|_-_|_-_|_137,326_|_-_||_137,326_||||**Total**|**£**|-|-|-|101,867|-||101,867|
||||||||||||||||||||||||
|**Unrestricted funds**|**Designated**|**General**
**DAF**
**Other**|**£**
**£**
**£**|_2,423,580_
_-_
_7,300_|_52,562_
_-_
_25,000_|_30,000_
_10,000_
_(40,000)_|_14,558_
_136,778_
_207,964_|_-_
_(27,894)_
_-_||_2,520,700_
_118,884_
_200,264_||**District**|**Bastion**
**Youth**
**Synergy**|**Games**
**Bequest**
**Project**|**£**
**£**|-
-
-|-
-
-|-
-
-|11,938
1,240
7,208|-
-
-||11,938
1,240
7,208|
||**2020**|**Total**|**£**|**1,266,876**|**77,670**|**-**|**476,864**|**(25,804)**||**1,795,606**|||**HVC**|**fund**|**£**|-|-|-|810|-||810|
||||||||||||||||||||||||
|**Restricted**|**Funds**||**£**|-|-|-|101,867|-||101,867|||**MIH**|**funds**|**£**|-|-|-
|2,076|-||-|
||||||||||||||||||||||||
|**Unrestricted funds**|**Designated**|**General**
**DAF**
**Other**|**Funds are represented by:**
**£**
**£**
**£**|Fixed assets - tangible
1,260,476
-
6,400|Fixed assets - investments
52,670
-
25,000|Interdivisional indebtedness
(10,000)
10,000
-|Net Current assets
18,373
299,983
56,641|Creditors due in more than one year
-
(25,804)
-||1,321,519
284,179
88,041|Individual restricted funds, as at August 31 2020, are represented as follows:|**District**
**Church**
**Children &**|**Partnership**
**Planting**
**Youth**|**Fund**
**Officer**
**Enabler**|**£**
**£**
**£**|Fixed assets - tangible|Fixed assets - investments|Interdivisional indebtedness|Net Current assets
7,019
64,834
6,742|Creditors due in more than one year
-||7,019
64,834
6,742|
**25**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **19 FINANCIAL INSTRUMENTS**
The carrying amounts for each category of financial instrument
|is as follows:
**Financial assets**
that are investments measured at fair value
that are debt instruments measured at amortised cost
**Financial liabilities**
measured at amortised cost|**2020**
**2019**
**£**
**£**
**77,670**
77,562
**276,528**
_348,625_
**(142,788)**
_(185,746)_|
|---|---|
Financial assets measured at amortised cost comprise: cash at bank and in hand; income receivable and other debtors; and prepayments.
Financial liabilities measured at amortised cost comprise: trade creditors; other taxes and social security; accruals; and deferred income.
## **20 TAXATION**
The District is a registered charity and is entitled to claim annual exemption from UK corporation tax.
## **21 CAPITAL COMMITMENTS**
There were no capital commitments authorised and contacted for at the end of the year (2019 £Nil).
## **22 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**
|Net income/(expenditure) before transfers
Deduct/(add) gains/(losses) on investments
Deduct interest income shown in investing activities
Add back depreciation tangible fixed assets
Add back impairment loss
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash generated from/(used in) operating activities**|**2020**
**2019**
**£**
**£**
**(1,181,568)**
_26,053_
**1,113**
_(773)_
**(5,979)**
_(6,114)_
**24,004**
_33,469_
**1,140,000**
_-_
**5,175**
_1,656_
**(45,048)**
_63,179_
**(62,303)**
_117,470_|
|---|---|
The charity has no debt.
**26**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
## **23 RELATED PARTY TRANSACTIONS**
The Mission Enabler, Revd Rod Hill, is a member of the District Council and as such is a trustee, although he receives no payment for acting as a trustee. In the year he received a stipend of £29,653, plus manse provision (2018/19 - £28,804 plus manse provision).
The City Centre Minister, Revd Ian Rutherford, is a member of the District Council as from 1/9/19 and as such is a trustee, although he receives no payment for acting as a trustee. He was paid a stipend of £25,017. The manse is provided by the Manchester Circuit as its contribution to the support of this post.
The Chair of District, Revd Dr Andrew Lunn, is stationed to the District by the Methodist Conference and he is a trustee of the District. His stipend is paid by the through the Methodist Church Fund and is not included in these accounts. The District provides him with a manse and meets the expenses of his office.
The members of the District Council are the members of Transforming Churches and Communities (TCC), a charitable incorporated organisation (charity number 1150394). The District works with TCC who deliver a range of services to the District, Circuits and Churches. During the year the District made grants and paid fees for services to TCC as follows:
- ➢ Grants of £15,000 (2018/19 - £16,000);
- ➢ Fees for providing other services of £16,122 (2018/19 - £7,200); and
- ➢ £16,666 (2019: £19,983) for the delivery of services under the District Partnership Fund.
Ms Angela Doyle, who is also the District Administrator and does work for MIH, was appointed District Council Secretary by the Synod with effect from September 1 2013 and served until December 31 2018, and as such was a trustee. She did not receive any remuneration for acting as a trustee. She was paid £12,122 in 2018/19 for her other roles.
There were no other related party transactions.
## **24 CONTRIBUTIONS TO METHODIST CHURCH FUND (MCF)**
In addition to the assessments on the Circuits to help fund the cost of running the District, the District acted as agent for the MCF which levied assessments on the Circuits in this District totalling £518,562 (2019: £530,274) all of which were collected before the year end and paid over to MCF in the year. No balance was held at the year end (2019: none), and no fee is received by the District and no costs incurred in handling these contributions. These contributions for the MCF do not appear elsewhere in these financial statements.
## **25 IMPAIRMENT REVIEW**
The trustees have carried out an impairment review of Methodist International House because of the losses that had been incurred and the Charity’s policy of expecting that this project would at least break even. This has resulted in the recognition of the asset at its current expected market value of £800,000, being greater than the asset’s value in use.
**27**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2020**
**The following pages do not form part of the statutory accounts.**
**28**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – DISTRICT CORE FOR THE YEAR ENDED AUGUST 31 2020**
|**INCOME**
Contributions from CMT
Distribution Connexional Priority fund
Circuit Assessments
Legacy
District Partnership Fund
Methodist Church - Church planting off
MCMNC - City Centre Minister
MCMNC - Temporary Missioner
TMCP - re Synergy Project
Learning Network
Other charitable income
Income from fixed asset investments
Bank and CFB interest
**EXPENDITURE**
Staffing
Pastoral & ministerial support
Training
Grants DAF
Grants Youth Council
Grants other
District development plan
District Partnership fund
Events, meetings and travel
Consultancy
Property support services
Management accounting
Office costs
Independent examination
Synod expenses
Synergy project
Depreciation
Impairment loss
Investment management costs|**General**
**Un**|**restricted funds**|**restricted funds**|**Restricted**
**Funds**|**Total**
**2020**|**General**
**U**|**nrestricted funds**|**nrestricted funds**|**Restricted**
**Total**
**Funds**
**2019**
**£**
**£**
_58,479_
_117,380_
_74,199_
_74,862_
_74,862_
_19,782_
_19,782_
_32,417_
_32,417_
_30,000_
_30,000_
_7,500_
_7,500_
_5,097_
_5,097_
_-_
_1,889_
_-_
_-_
_21_
_5,525_|
|---|---|---|---|---|---|---|---|---|---|
|||**DAF**
**Other**
**Designated funds**|||||**DAF**
**Other**
**Designated funds**|||
||**£**
-
-
96,906
-
-
i
-
-
-
-
514
-
2,743|**£**
66,184
133,599
-
-
-
-
-
-
-
-
-
2,856|**£**
-
-
-
-
-
-
-
-
-
-
-
-|**£**
-
-
-
-
18,496
32,417
30,000
5,000
-
-
-
-
17|**£**
**66,184**
**133,599**
**96,906**
**-**
**18,496**
**32,417**
**30,000**
**5,000**
**-**
**-**
**514**
**-**
**5,616**
**388,732**
**168,790**
**2,557**
**763**
**43,734**
**900**
**90,362**
**4,188**
**19,787**
**2,657**
**1,575**
**-**
**7,377**
**13,950**
**3,000**
**292**
**13,100**
**1,140,000**
**950**|**£**
_-_
_-_
_74,199_
_-_
_-_
_-_
_-_
_-_
_-_
_1,889_
_-_
_3,007_|**£**
_58,479_
_117,380_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_2,497_|**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_||
||100,163|202,639|-|85,930||_79,095_|_178,356_|_-_|_169,679_
_427,130_|
||53,514
-
763
-
-
15,500
-
-
2,657
700
-
7,377
13,950
3,000
-
-
13,100
1,140,000
282|5,000
-
-
43,734
-
-
-
-
875
-
-
-
-
-
-
664|68,194
2,557
-
-
-
4,188
-
-
-
-
-
-
-
-
-
-|42,082
-
-
-
900
74,862
-
19,787
-
-
-
-
-
-
-
292
-
-
4||_51,199_
_-_
_2,024_
_-_
_4,000_
_-_
_-_
_3,633_
_865_
_9,227_
_4,069_
_1,400_
_1,716_
_13,100_
_270_|_332_
_-_
_-_
_132,074_
_-_
_-_
_-_
_-_
_-_
_-_
_1,000_
_-_
_-_
_-_
_622_|_67,284_
_129_
_-_
_-_
_550_
_8,423_
_-_
_314_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_32,956_
_151,771_
_-_
_129_
_-_
_2,024_
_-_
_132,074_
_4,550_
_8,423_
_19,983_
_19,983_
_-_
_3,947_
_-_
_865_
_-_
_9,227_
_-_
_5,069_
_-_
_1,400_
_-_
_1,716_
_-_
_13,100_
_6_
_898_|
||1,250,843|50,273|74,939|137,927|**1,513,982**|_91,503_|_134,028_|_76,700_|_52,945_
_355,176_|
||(1,150,680)|152,366|(74,939)|(51,997)|(1,125,250)|_(12,408)_|_44,328_|_(76,700)_|_116,734_
_71,954_|
**29**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – DISTRICT CORE FOR THE YEAR ENDED AUGUST 31 2020**
|**Staffing**
**_Mission enabler_**
Stipend, nic and pension
Expenses
Manse costs
**_Chair of District_**
Expenses
Manse costs
**_Safeguarding officer_**
Salary, nic and pension
Expenses
**_City Centre Minister_**
Stipend, nic and pension
Expenses
**_Church Planting Minister_**
Stipend, nic and pension
Expenses/manse costs
**_Temporary Missioner_**
Stipend, nic and pension
Expenses
**_Children & Youth Work enabler_**
Salary, nic and pension
Expenses
**_Administrator and PA_**
Salary, nic and pension
Expenses
**TOTAL STAFFING**|**General**
**U**|**nrestricted funds**|**nrestricted funds**|**Restricted**
**Funds**|**Total**
**2020**|**General**
**U**|**nrestricted funds**|**nrestricted funds**|**Restricted**
**Total**
**Funds**
**2019**
**£**
**£**
_-_
_38,292_
_-_
_6,812_
_-_
_15,532_|
|---|---|---|---|---|---|---|---|---|---|
|||**DAF**
**Other**
**Designated funds**|||||**DAF**
**Other**
**Designated funds**|||
||**£**
-
-
-|**£**
-
-
-|**£**
39,372
3,562
17,777|**£**
-
-
-|**£**
**39,372**
**3,562**
**17,777**|**£**
_-_
_-_
_-_|**£**
_-_
_-_
_-_|**£**
_38,292_
_6,812_
_15,532_||
||-|-|60,711|-|**60,711**|_-_|_-_|_60,636_|_-_
_60,636_|
||1,958
4,810|-
-|-
-|-
-|**1,958**
**4,810**|_966_
_6,758_|||_966_
_6,758_|
||6,768|-|-|-|**6,768**|_7,724_|_-_|_-_|_-_
_7,724_|
||28,288
2,538|-
-|-|-
-|**28,288**
**2,538**|_26,838_
_3,424_|||_26,838_
_3,424_|
||30,826|-|-|-|**30,826**|_30,262_|_-_|_-_|_-_
_30,262_|
||-
-|-
-|5,841
1,642|30,000
-|**35,841**
**1,642**|_-_
_-_|_-_
_-_|_2,988_
_3,660_|_30,000_
_32,988_
_-_
_3,660_|
||-|-|7,483|30,000|**37,483**|_-_|_-_|_6,648_|_30,000_
_36,648_|
||-
-|||6,427
655|**6,427**
**655**|_-_
_-_|_-_
_-_|_-_
_-_|_-_
**_-_**
_-_
**_-_**|
||-|-|-|7,082|**7,082**|_-_|_-_|_-_|_-_
**_-_**|
||827
-|5,000|-|5,000|**10,827**
**-**|_-_
_-_|_-_
_-_|_-_
_-_|_-_
**_-_**
_-_
**_-_**|
||827|5,000|-|5,000|**10,827**|_-_|_-_|_-_|_-_
_-_|
||-
-|-|-
-|-
-|**-**
**-**|_-_
_-_|_332_
_-_|_-_
_-_|_2,790_
_3,122_
_166_
_166_|
||-|-|-|-|**-**|_-_|_332_|_-_|_2,956_
_3,288_|
||14,804
289|-
-|-
-|-
-|**14,804**
**289**|_13,123_
_90_|_-_
_-_|_-_
_-_|_-_
_13,123_
_-_
_90_|
||15,093|-|-|-|**15,093**|_13,213_|_-_|_-_|_-_
_13,213_|
||53,514|5,000|68,194|42,082|**168,790**|_51,199_|_332_|_67,284_|_32,956_
**_151,771_**|
**30**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – MIH FOR THE YEAR ENDED AUGUST 31 2020**
|**INCOME**
Accommodation fees
Donations & gift aid
Insurance claim
Fundraising income
Other income
Bank interest
**EXPENDITURE**
Staff costs
Property costs (ex utilities)
Utilities
Insurance
Refurbishment
Internet service
Advertising
Operating costs
Activities and sundry costs
Student hardship fund
Accountancy & payroll services
Legal fees
Credit card & bank charges
Depreciation
Allocated to restricted gen
Surplus/(deficit) for the year|**Unrestricted**
**Funds**
**£**
118,926
-
-
-
-
363
119,289
87,309
9,521
31,033
7,517
-
-
-
20,215
1,184
-
1,012
-
1,350
10,005
(3,517)|**Restricted**
**Funds**
**£**
-
1,035
-
-
-
-|**Total**
**2020**
**£**
**118,926**
**1,035**
**-**
**-**
**-**
**363**|**Total**
**2019**
**£**
_138,218_
_4,659_
_-_
_-_
_715_
_589_|
|---|---|---|---|---|
|||1,035|**120,324**|_144,181_|
|||-
-
-
-
-
-
-
-
-
-
-
-
-
3,517|**87,309**
**9,521**
**31,033**
**7,517**
**20,215**
**1,184**
**1,012**
**-**
**1,350**
**10,005**|_87,731_
_13,199_
_35,544_
_7,100_
_-_
_-_
_-_
_6,593_
_831_
_-_
_660_
_-_
_1,049_
_19,469_
_-_|
||165,629|3,517|**169,146**|_172,176_|
||(46,340)|(2,482)|**(48,822)**|_(27,995)_
|
**31**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – CiF FOR THE YEAR ENDED AUGUST 31 2020**
|**INCOME**
Grant - Connexion
Grant -DAF
Donations - money
Donations - in kind
Quiet days
Workshops
Sale of products
Hire of chapel
**EXPENDITURE**
Stipend
Manse costs
Activity costs
Heat, light, water
Phone
Chapel maintenance
Depreciation
**SURPLUS FOR THE YEAR**|**2020**
**£**
**3,856**
**3,856**
**12,044**
**-**
**1,352**
**8,011**
**9,528**
**1,597**
**40,244**
**34,130**
**4,916**
**5,954**
**1,199**
**334**
**-**
**900**
**47,433**
**(7,189)**|**2019**
**£**
_5,784_
_5,784_
_5,486_
_-_
_1,377_
_11,145_
_6,778_
_2,535_
_38,889_
_32,986_
_4,800_
_11,373_
_808_
_581_
_336_
_900_|
|---|---|---|
|||_51,784_|
|||_(12,895)_|
**32**