# **MANCHESTER AND STOCKPORT DISTRICT**
# **ANNUAL REPORT AND FINANCIAL STATEMENTS**
# **FOR**
# **THE YEAR ENDED AUGUST 31 2023**
**Charity number 1135459**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
||**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 – 26|
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED AUGUST 31 2023**
## **TRUSTEES AND MEMBERS OF DISTRICT COUNCIL**
|**Position**|**Name**|**Appointed by**|**Appointed/**|**Sub-**|
|---|---|---|---|---|
||||**Resigned**|**Committee**|
|Chair of District|Revd Dr Andrew Lunn|Methodist Conference||DE|
|Deputy Chair of District||District Synod||DE|
|Synod Secretary|Mr David James|District Synod||DE|
|Presbyteral Synod Secretary|Revd Hazel Cook|District Synod||DE|
|Treasurer|Mr Garrie Naden|District Synod||DE|
|Ecumenical Officer|Revd Graham Edwards|District Synod||DE|
|Mission Enabler||District Synod|From 1/09/22|DE|
|Lay Employment Secretary|Mr Andrew Jeffries|District Synod||DE|
|Local Preachers Secretary|Mr Anthony Judd|District Synod|||
|Chair DAF Grant Committee|Revd Katie Smith|District Synod|From 1/09/22|DE|
|Methodist Council Rep|Revd Adrian Burdon*|Methodist Conference|||
|City Centre Minister|Revd Ian Rutherford|District Synod||DE|
||Revd Caroline Wickens|Manchester Circuit|||
||Mr Andrew Stoker|United Stockport Circuit|||
||Mrs Carole Burgess|Salford Circuit|||
||Mrs Julie Murdy|High Peak Circuit|||
||Revd Robert Balfour|Glossop & Tameside|||
||Mr Graham Axford|Stretford & Urmston Circuit|||
||Revd Graham Edwards*|Altrincham Circuit|From 1/09/22||
||Revd Glayne Worgan|Sale Circuit|||
||Ms Janet Abbott|Oldham Circuit|||
||Revd Sarah Parkin|Bramhall & Wythenshawe Circuit|From 1/09/21||
||Mrs Ruth Peak|Alderley Edge and Knutsford Circuit|||
||Revd Graham Edwards*|Macclesfield Circuit|||
(*duel qualification)
## **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 EXAMINER & ACCOUNTANTS**
Peter Smith BA FCA DChA Peter Smith Accountancy Services 9 Polruan Road Chorlton-cum-Hardy Manchester M21 9NR
**1**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2023**
The trustees present their annual report together with the financial statements of the charity for the year ended August 31 2023.
## **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**
During 2022/23 the District continued to work with the District Mission and Development Plan (DMDP), with its four priorities, grouped as 19 objectives, as follows:
_Overarching Aim: To prepare our District for our future under God as a smaller, but more diverse, active, and growing church, while continuing to resource, communicate and celebrate for today._
- _A. We will provide organizational support for the Methodist Church across the District_
_1. Develop and ensure good flows of communication._
_2. Maintain and promote good governance, financial and data management._
_3. Distribute grants which promote sustainable, missional activity and which are in line with our objectives. 4. Promote ecumenical cooperation in support of our objectives._
_5. Promote professional, communal and ecumenical partnerships in support of our objectives._
_6. Ensure that safeguarding practice across the District is robust._
- _B. We will work with circuits to provide a missional and strategic overview of ministry and buildings._
_7. Work with circuits to prepare and maintain a strategic plan for buildings and ministry._
_8. Support circuits in their missional goals through stationing and lay employment processes._
_9. Promote good practice in circuits in the provision of appropriate manse accommodation for ministers._
- _C. We will embrace the need for endings and for change._
_10. Support worship that honours God with our best relationships and practices._
_11. Promote the capacity of Methodist people of all ages to witness to Jesus Christ with confidence._
_12. Promote the establishment and growth of new Christian communities._
_13. Promote action on social justice and global vision._
_14. Work to establish and strengthen principles of Justice, Dignity and Solidarity in the life of the District and circuits._
**2**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2023**
- _D. We will promote a diverse, active and growing church._
_15. Support church closure and repurposing._
_16. Support the development of leadership which is:_
- _Collaborative_
- _Reflective_
- _Flexible_
- _Missional_
_17. Promote ways of working in churches which are contextual, diverse and unique._
_18. Take and promote action to address responsibilities for the climate emergency._
_19. Promote action which will build Christian community and action against poverty on and from the economic margins._
## **MAIN ACTIVITIES AND ACHIEVEMENTS**
Under the DMDP 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**|
|---|---|
|To plan for a project as part of the Greater Manchester
homelessness Strategy, using the proceeds of sale of
Methodist International House.|Initial conversations have been held with partner organisations, with the
aim of starting the project in the 2023-24 financial year.|
|To consider the part the District would play in the future
reconfiguration of Methodist work across North West
England.|The September Synod declined to pursue a merger with other Districts
at that time. A working group explored options and reported to the April
Synod. The decision was then taken to explore fully the option of
rejoining the merger. This process was still under way at year end.|
|To put carbon reduction strategies in place.|These strategies were launched within the District, with a focus on
providing energy audits of buildings, setting net emission goals, and
maximising energy efficiency.|
|To continue good practice in safeguarding including
training|We merged our safeguarding work with that of the Bolton & Rochdale
District of the Methodist Church, setting up a joint District Safeguarding
Group.|
|To develop good practice in Equality, Diversity and
Inclusion.|A group was set up in response to the Methodist Conference report
_Justice, Dignity and Solidarity_. In this first year its main focus has been
on raising consciousness and training.|
|To further develop our Digital and Communications
strategy.|A new communications strategy was agreed, and put into action.|
|To develop work in new Christian communities through
our Caleb Communities project|The first grants have been issued, and the first new community
established. The Covid-19 pandemic has meant this work has begun
slowly, but now seems to be picking up. Under its auspices we started
a District project to set up a new digital community under the name ‘Your
Space.’|
|To prepare for a new appointment to our Chapel in the
Fields project.|The District Council agreed a vision document for the future work of the
project, and authorised the management committee to begin work on
recruiting a successor to our current project manager for September
2024.|
|To continue our partnership with Methodist Central
Hall, Manchester Trustees and the Manchester Circuit
in providing ministry in Manchester City Centre,|A memorandum of agreement between the three partners was agreed.
We prepared a profile for a new City Centre deacon appointment, and
were pleased to have Deacon Jenny Jones stationed to this District role.|
|To continue cooperative working with a variety of
partners.|Safeguarding work was merged with Bolton & Rochdale District, along
with other cooperation.
The Peak Park Rural Development Enabler project continued in
partnership with Sheffield Methodist District and Nottingham and Derby
Methodist District.
Our close relationship with Transforming Church and Communities
continued, providing valuable project management and governance
assistance to circuits and churches, and also resourcing District financial
management.
We also continued to support the Nexus project, an arts based charity
in which we are a partner, as it moved into a new phase of work away
from Methodist Central Hall, Manchester.
Our partnership with St Peter’s House, which works in higher education.
Chaplaincy, also continued although during the year the decision was
taken by their trustees to begin the wind up of that charity.|
**3**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2023**
|**TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT**
**FOR THE YEAR ENDED AUGUST 31 2023**||
|---|---|
|||
|To oversee the local part of the process in stationing of
ordained ministers to six vacant appointments within
the District|Five varied appointments were filled, including three diaconal
appointments. One further appointment was filled, but at the last
moment the minister concerned withdrew leaving a vacancy.|
|To continue review of our circuit boundaries|The District Council invited three circuits in the Borough of Trafford to
consult on joining together.|
## **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 surplus on general unrestricted funds, before transfers, for the year of £19.938. The District Advance Fund continued to be used to support the District’s core cost expenditure in the year, in the amount of £112,000 (2021/22: £86,553).
Grants totalling £83,721 (2022: £59,653) were awarded in the year out of DAF. Of the total, £36,460 (2022: £32,720) was in respect of grants driven by the District with the balance through the District Grants Committee (‘DGC’). Although higher than 2022, the level of new grants awarded remains modest as application levels are impacted by the gradual return to pre pandemic levels of activity.
In 2023/24, the District Advance Fund will support budgeted costs of £175,450 for District driven initiatives and grants. There are sufficient available reserves in the DAF at 31[st] August 2023 to cover these costs.
## **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 2023/24 budget and excluding costs that are currently grant funded or met by the District Advance Fund, this would equate to a range of £25k to £50k. At the year end the District had free reserves of £82,835 after excluding fixed asset reserves of £443,860. This position is somewhat higher than the upper level of the band but considered satisfactory.
## 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, the DGC will try to support all Property Schemes for which valid applications are received.
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 £175,450 in 2023/24, an amount covered by available funds in the DAF at 31[st] August 2023. During the previous year, £897,848 was transferred into the DAF, representing the net proceeds from the sale of MIH. The District Council has agreed to set this money aside, rounded up to £900,000, to support three areas: homelessness £450,000, climate change £225,000 and long term funding of NP4NP (the District’s Caleb project) £225,000. It was further agreed by District Council to add an element of interest received to these sums for 2022/23, giving revised carry forward totals at 31[st] August 2023 of £465,750, £232,875 and £232,875, a total of £931,500. This sum remains ringfenced in the DAF for these purposes pending implementation of spending plans.
**4**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2023**
Taking all commitments into account, at 31[st] August 2023 the funds in the DAF stood at:
|Cash balances (in DAF investment & cash)
Less grant liabilities (notes 7 and 17)
Balance per designated funds (note18)
Less future grants not provided but agreed in principal
Less budgeted to support District costs 2023/24
Set aside for NP4NP match funding
MIH proceeds set aside for major projects
Funds not committed (previous year £247,873)|**£**
1,570,412
(33,901)|
|---|---|
||1,536,511
(50,285)
(175,450)
(129,375)
(931,500)|
||249,901|
The minimum contingency to retain in the DAF is £50,000, hence we have an ‘excess’ uncommitted of £199,901. In order to encourage utilisation of the excess held, as well as taking into account new income in 2023/24, a budget of £350,000 for new grant awards in 2023/24 has been set and a campaign is ongoing to encourage applications from Circuits and churches.
## **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 and eco schemes.
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 towards employment and training costs are to a maximum of a third of those costs over a maximum period of three years, with a report required on progress at the end of years 1 and 2 to enable the Committee to approve release of the next instalment. Support for property projects is restricted to 10% of the value of the scheme up to a maximum of £8,000. 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.
## **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 2023/24 the District has:
- Considered and agreed to joining fully with other Methodist Districts in the region in a restructuring of our Districts by forming a single North West England District.
And the District is:
- Further developing our work through Caleb Communities by establishing further New Places for New People.
- Further developing our practice in equality, diversity and inclusion.
- Enabling and providing resources for evangelism, and leadership in evangelism.
- Developing and initiating a business plan in partnership with other charities, particularly Boaz Trust, to contribute to the Greater Manchester Homelessness Prevention Strategy
- Continuing to work in partnership with Transforming Churches & Communities (TCC) and the other Districts in our region.
- Continuing to work with churches and circuits to enable them to realise God’s vision.
- Continuing to create safer spaces and ensure we meet all safeguarding obligations.
**5**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2023**
## **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. 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 twice 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 District Executive (formerly the Strategy and Resource Executive), takes additional responsibility for the activities of the charity, by presenting the District Council with advice and proposals, and oversees 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).
## **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.
**6**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED AUGUST 31 2023**
## **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:
## Andrew Lunn
Revd Dr Andrew Lunn - Trustee
Date: March 15 2024
**7**
## **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT FOR THE YEAR ENDED AUGUST 31 2023**
I report to the charity trustees on my examination of the accounts of the charity for the year ended August 31 2023 which are set out on pages 9 to 26.
## **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_
## **Peter Smith BA FCA DChA**
For and on behalf of: Peter Smith Accountancy Services Chartered Accountants and Charity Specialists
9 Polruan Road Chorlton-cum-Hardy
Manchester M21 9NR Date: March 26 2024
**8**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED AUGUST 31 2023**
|**Notes**
**INCOME FROM:**
Donations
2
Charitable activities
3
Investment income
4
**TOTAL INCOME**
**EXPENDITURE**
Raising funds
5
Charitable activities
6
**TOTAL EXPENDITURE**
Net gains/(losses) on investments
11
**NET INCOME/(EXPENDITURE)**
**BEFORE TRANSFERS**
12
Transfers between funds
**NET MOVEMENT IN FUNDS**
18
**RECONCILIATION OF FUNDS**
**FUNDS BROUGHT FORWARD**
18
**FUNDS CARRIED FORWARD**
18|**General**
**DAF**
**Other**
**Designated funds**
**Unrestricted funds**|**General**
**DAF**
**Other**
**Designated funds**
**Unrestricted funds**|**General**
**DAF**
**Other**
**Designated funds**
**Unrestricted funds**|**Restricted**
**Funds**
**£**
14,606
42,784
40|**Total**
**Total**
**2023**
**2022**
**£**
**£**
**368,014**
_364,430_
**63,142**
_158,234_
**59,000**
_8,899_|
|---|---|---|---|---|---|
||**£**
101,762
20,358
7,762|**£**
251,646
-
51,198|**£**
-
-
-
-
-
18,724|||
||129,882|302,844||57,430|**490,156**
_531,563_|
||2,069
104,953|4,017
195,721||4
94,155|**6,090**
_3,987_
**413,553**
_418,918_|
||107,022
(2,922)|199,738
-|18,724
-|94,159
-|**419,643**
_422,905_
**(2,922)**
_(4,611)_
**67,591**
_104,047_
**-**
_-_|
||19,938
-|103,106
-|(18,724)
-|(36,729)
-||
||19,938
506,757|103,106
1,433,405|(18,724)
40,169|(36,729)
154,734|**67,591**
_104,047_
**2,135,065**
_2,031,018_|
||526,695|1,536,511|21,445|118,005|**2,202,656**
_2,135,065_|
The notes on pages12 to 26 form part of these financial statements.
**9**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT BALANCE SHEET AS AT AUGUST 31 2023**
|**Notes**
**FIXED ASSETS**
Tangible fixed assets
13
Investments
14
**CURRENT ASSETS**
Debtors
15
Investments
16
Cash at Bank and in Hand
**CREDITORS**
Amounts falling due in one year
17
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
**_Unrestricted:_**
18
General
Designated - DAF
Designated - other
Restricted
18
**TOTAL FUNDS**|**2023**
**£**
**15,480**
**1,624,487**
**94,848**
**1,734,815**
**63,116**|**2023**
**£**
**443,860**
**87,097**|**2022**
**2022**
**£**
**£**
_447,860_
_87,092_
_534,952_
_15,654_
_1,410,668_
_236,568_
_1,662,890_
_62,777_
_1,600,113_
_2,135,065_
_506,757_
_1,433,405_
_40,169_
_1,980,331_
_154,734_
_2,135,065_|
|---|---|---|---|
|||**530,957**
**1,671,699**||
||**526,695**
**1,536,511**
**21,445**|||
|||**2,202,656**||
|||**2,084,651**
**118,005**||
|||||
|||**2,202,656**||
The notes on pages12 to 26 form part of these financial statements.
**Approved by the Trustees and authorised for issue on:** March 15 2024 **And signed on their behalf by:**
## Andrew Lunn
## **Revd Dr Andrew Lunn - Trustee**
**10**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT STATEMENT OF CASH FLOWS AS AT AUGUST 31 2023**
|**Notes**
**Cash used in operating activities**
21
**Cashflows from investing activities**
Interest and dividends
Transfer fixed asset to investments
Purchase of investments
**Cash provided by/(used in) investing activities**
**Cashflows from financing activities**
**Cash used in financing 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|**2023**
**2022**
**£**
**£**
**16,026**
_26,491_
**59,000**
_8,899_
**-**
_-_
**(2,927)**
_(1,606)_
**56,073**
_7,293_
**-**
_-_
**72,099**
_33,784_
**1,647,236**
_1,613,452_
**1,719,335**
_1,647,236_
**94,848**
_236,568_
**1,624,487**
_1,410,668_
**1,719,335**
_1,647,236_|
|---|---|
The notes on pages12 to 26 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 2023**
## **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.
Subject to the approval of the Methodist Conference, the District will merge with other districts from September 1 2024 to form the North West of England District. Although the charity will cease to exist from that date, there are no essential differences between preparing the accounts on the going concern basis as opposed to a cessation basis.
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
Charitable activities
including those associated with fundraising activities and managing investments.
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.
**12**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **1 ACCOUNTING POLICIES (continued)**
## **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.
## **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% (2021: 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 2023**
|**2 DONATIONS**
Contributions from Circuit Model Trust Funds
Distribution Connexional Priority fund
Circuit Assessments
Chapel in the Fields donations
Contributions from Circuit Model Trust Funds
Distribution Connexional Priority fund
Circuit Assessments
Chapel in the Fields donations|**Unrestricted**|**DAF**
**Restricted**
**2023**|**DAF**
**Restricted**
**2023**|**Total**|**2022**
**Total**|
|---|---|---|---|---|---|
||**£**
-
-
101,762
-|**£**
63,335
188,311
-
-|**£**
-
-
-
14,606|**£**
**63,335**
**188,311**
**101,762**
**14,606**|**£**
_256,871_
_-_
_93,078_
_14,481_|
||101,762|251,646|14,606|**368,014**|_364,430_|
||**2022**
**£**
_-_
_-_
_93,078_
_-_|**2022**
**£**
_256,871_
_-_
_-_
_-_|**2022**
**£**
_-_
_-_
_-_
_14,481_|**2022**
**£**
**_256,871_**
**_-_**
**_93,078_**
**_14,481_**||
||_93,078_|_256,871_|_14,481_|**_364,430_**||
**3 INCOME FROM CHARITABLE ACTIVITIES**
|**Core district activities**
Church Planting Officer - Connexion
City Centre Minister - MCHM
Caleb Communities - Connexion
Poverty & Justice - Connexion
Digital Church - Connexion NP4NP
Other Charitable income
**Bastion Games**
Connexional grant
Earned income
**Chapel in the Fields**
Other income
Total|**Unrestricted**|**Restricted**
**2023**|**Total**|**Unrestricted**|**Restricted**
**Total**
**2022**|
|---|---|---|---|---|---|
||**£**
-
-
-
-
-
-|**£**
32,417
31,635
-
10,025
10,000
-|**£**
**32,417**
**31,635**
**-**
**10,025**
**10,000**
**-**|**£**
_-_
_-_
_-_
_-_
_-_
_540_|**£**
**£**
_32,417_
**_32,417_**
_30,348_
**_30,348_**
_27,987_
**_27,987_**
_9,982_
**_9,982_**
_-_
**_-_**
_140_
**_680_**
_100,874_
**_101,414_**
_32,751_
**_32,751_**
_-_
**_36_**
_32,751_
**_32,787_**
_-_
**_24,033_**
_-_
**_24,033_**
_133,625_
**_158,234_**|
||-|84,077|**84,077**|_540_||
||-
-|(41,293)
-|**(41,293)**
**-**|_-_
_36_||
||-|(41,293)|**(41,293)**|_36_||
||20,358|-|**20,358**|_24,033_||
||20,358|-|**20,358**|_24,033_||
||20,358|42,784|**63,142**|_24,609_||
(MCHM - Methodist Central Hall, Manchester)
**14**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **4 INVESTMENT INCOME**
Bank and CFB interest
|**Unrestricted**|**DAF**
**Restricted**
**2023**|**DAF**
**Restricted**
**2023**|**Total**|**2022**
**Total**|
|---|---|---|---|---|
|**£**
7,762|**£**
51,198|**£**
40|**£**
**59,000**|**£**
**_8,899_**|
|7,762|51,198|40|**59,000**|**_8,899_**|
Bank and CFB interest
|**Unrestricted**|**DAF**
**Restricted**
**Total**
**2022**|**DAF**
**Restricted**
**Total**
**2022**|
|---|---|---|
|**£**
_2,642_|**£**
_6,252_|**£**
**£**
_5_
**_8,899_**
_5_
**_8,899_**|
|_2,642_|_6,252_||
**15**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
|**5 COSTS OF RAISING FUNDS**
Investment management charges
Support costs
Investment management charges
Support costs|**Unrestricted**|**DAF**
**Restricted**
**2023**|**DAF**
**Restricted**
**2023**|**Total**|**2022**
**Total**|
|---|---|---|---|---|---|
||**£**
370
1,699|**£**
4,017
-|**£**
4
-|**£**
**4,391**
**1,699**|**£**
**_1,536_**
**_2,451_**|
||2,069|4,017|4|**6,090**|**_3,987_**|
|||||||
||**Unrestricted**|**DAF**
**Restricted**
**2022**||**Total**||
||**£**
_395_
_2,451_|**£**
_1,138_
_-_|**£**
_3_
_-_|**£**
**_1,536_**
**_2,451_**||
||_2,846_|_1,138_|_3_|**_3,987_**||
## **6 COSTS OF CHARITABLE ACTIVITIES**
|**COSTS OF CHARITABLE ACTIVITIES**||||||
|---|---|---|---|---|---|
|DAF Grants - note 7
Other charitable expenditure - note 8|**Unrestricted**|**DAF**|**other des.**
**2023**|**Restricted**|**Total**|
||**£**
-
104,953|**£**
83,721
112,000|**£**
-
18,724|**£**
-
94,155||
||104,953|195,721|18,724|94,155||
|**Unrestricted**
**DAF**
**£**
**£**
Grants - note 7
_-_
_59,653_
Other charitable expenditure - note 8
_143,238_
_86,553_
_143,238_
_146,206_
Included in other charitable expenditure are the following grants:
**Unrestricted**
**DAF**
**2022/23**
**£**
**£**
Caleb Communities
-
-
Methodist Ministers' Pension Fund
-
Church Action on Poverty
-
-
GM Churches Together
3,502
-
3,502
-
**2021/22**
Caleb Communities
_-_
_-_
Methodist Ministers' Pension Fund
_25,000_
_-_
Church Action on Poverty
_-_
_-_
GM Churches Together
_3,750_
_-_
_28,750_
_-_|**Unrestricted**|**DAF**|**other des.**
**2022**|**Restricted**
**Total**|
|---|---|---|---|---|
||**£**
_-_
_143,238_|**£**
_59,653_
_86,553_|**£**
_-_
_15,616_|**£**
**£**
_-_
**_59,653_**
_113,858_
**_359,265_**
_113,858_
**_418,918_**
**Restricted**
**Total**
**£**
**£**
18,660
**18,660**
-
**-**
**-**
-
**3,502**
18,660
**22,162**
_2,160_
**_2,160_**
_-_
**_25,000_**
_9,982_
**_9,982_**
_-_
**_3,750_**
_12,142_
_40,892_|
||_143,238_|_146,206_|_15,616_||
||||**other des.**
**£**
-
-
-
-||
||3,502|-|-||
||_-_
_25,000_
_-_
_3,750_|_-_
_-_
_-_
_-_|_-_
_-_
_-_
_-_||
||_28,750_|_-_|_-_||
**16**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **7 GRANTS DUE AND PAID**
|Hyde Helping Hand Shop
Zac's House (church plant)
Knutsford pastoral worker
Knutsford training
Bromley Green Women's Project
Northenden reseeding worship
Wythenshawe CAP
Chaplaincy Derby University
TC&C
Sheffield re RDE
Mcr Uni Chaplaincy
Central Hall civic Training
Joint Districts Training
Hope Church community dev. Worker
3Generate
Toy library
Raising the roof
Buxton - 3Generate
Central training
CAF support worker
Training
3Generate
Young People's Worker (E Oldham)
South Chadderton meeting point café
Pioneer Ministry
Training x2
Sevenways' Dads' Project
3Generate
Kingdom Theology training
Windllehurst lay worker
Tiviot Dale cactus garden
Carol Service
Altricham
Northenden
St Mary's Church
Fernilee
Urmston boiler|**Liability as**
**at 31/08/21**
**£**
_-_
_10,000_
_5,000_
_-_
_-_
_5,000_
_5,000_
_-_
_-_
_-_
_-_
_1,000_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_4,000_
_-_
_2,602_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|**Awarded**
**/(cancelled)**
**in the year**
**£**
_(750)_
_3,150_
_5,000_
_75_
_-_
_-_
_-_
_2,575_
_15,000_
_12,600_
_5,000_
_-_
_120_
_-_
_-_
_-_
_8,500_
_-_
_150_
_-_
_85_
_-_
_-_
_1,500_
_(2,602)_
_300_
_-_
_-_
_-_
_-_
_-_
_5,000_|**Paid out in**
**the year**
**£**
_750_
_(10,000)_
_(5,000)_
_-_
_-_
_-_
_-_
_(2,575)_
_(15,000)_
_(12,600)_
_(5,000)_
_-_
_(120)_
_-_
_-_
_-_
_-_
_-_
_(150)_
_-_
_(85)_
_-_
_(4,000)_
_(1,500)_
_-_
_(300)_
_-_
_-_
_-_
_-_
_-_
_(5,000)_|**Liability as**
**at 31/08/22**
**£**
**_-_**
**_3,150_**
**_5,000_**
**_75_**
**_-_**
**_5,000_**
**_5,000_**
**_-_**
**_-_**
**_-_**
**_-_**
**_1,000_**
**_-_**
**_-_**
**_-_**
**_-_**
**_8,500_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**|**Awarded**
**/(cancelled)**
**in the year**
**£**
-
6,850
5,000
-
5,000
(5,000)
-
1,650
15,760
12,800
6,250
-
-
5,200
1,660
1,000
920
-
3,201
-
1,500
-
-
-
-
2,000
600
1,000
2,500
4,330
-|**Paid out in**
**Liability as**
**the year**
**at 31/08/23**
**£**
**£**
-
**-**
(10,000)
**-**
(5,000)
**5,000**
(75)
**-**
(5,000)
**-**
**-**
(5,000)
**-**
(1,650)
**-**
(15,760)
**-**
(12,800)
**-**
(6,250)
**-**
**1,000**
-
**-**
-
**5,200**
(1,660)
**-**
(1,000)
**-**
(8,500)
**-**
(920)
**-**
-
**-**
-
**3,201**
-
**-**
(1,500)
**-**
-
**-**
-
**-**
-
**-**
-
**-**
(2,000)
**-**
(600)
**-**
(500)
**500**
-
**2,500**
(4,330)
**-**
-
**-**|
|---|---|---|---|---|---|---|
||_32,602_|_55,703_|_(60,580)_|**_27,725_**|72,221|(82,545)
**17,401**|
||_-_
_5,000_
_-_
_-_
_-_|_2,500_
_-_
_-_
_-_
_1,450_|_-_
_-_
_-_
_-_
_(1,450)_|**_2,500_**
**_5,000_**
**_-_**
**_-_**
**_-_**|(5,000)
8,500
8,000
-|(2,500)
**-**
**-**
-
**8,500**
-
**8,000**
-
**-**|
||_5,000_|_3,950_|_(1,450)_|**_7,500_**|11,500|(2,500)
**16,500**|
||_37,602_|_59,653_|_(62,030)_|**_35,225_**|83,721|(85,045)
**33,901**|
**17**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **8 CHARITABLE EXPENDITURE**
|**2022**
**Total**|**2022**
**Total**|**£**
**_283,713_**
**_685_**
**20,599**
**_54,130_**|**_359,127_**|**_103,259_**
**_2,071_**
**_-_**
**_18,130_**
**_334_**
**_40,892_**
**_60_**
**_6,900_**
**_-_**
**_-_**
**_23,993_**
**_3,100_**
**_30,326_**
**_30,348_**
**_24,300_**|**_283,713_**|
|---|---|---|---|---|---|
|**Restricted**||**£**
_78,816_
_-_
20,561
_14,481_|_113,858_|_-_
_-_
_-_
_-_
_-_
_12,142_
_-_
_6,000_
_-_
_-_
_-_
_-_
_30,326_
_30,348_
_-_|_78,816_|
|**Unrestricted funds**|**DAF**
**Other**
**Designated**|**£**
**£**
**£**
_118,482_
_86,553_
_-_
_685_
_-_
_-_
38
-
-
_24,033_
_-_
_15,616_|_86,553_
_15,616_|_61,007_
_-_
_-_
_-_
_-_
_-_
_6,470_
_-_
_-_
_-_
_-_
_60_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_19,016_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_86,553_
_-_|
||||_143,238_|_42,252_
_2,071_
_-_
_11,660_
_334_
_28,750_
_-_
_900_
_-_
_-_
_4,977_
_3,100_
_138_
_-_
_-_
_24,300_|_118,482_|
|||**£**
**276,144**
**-**
**-**
**53,688**|**329,832**|**124,092**
**2,789**
**-**
**24,193**
**1,457**
**22,162**
**50**
**75**
**-**
**-**
**22,013**
**3,100**
**24**
**29,254**
**31,635**
**15,300**|**276,144**|
|**Restricted**
**Funds**||**£**
79,549
-
-
14,606|94,155|-
-
-
-
-
18,660
-
-
-
-
-
-
-
29,254
31,635
-|79,549|
|**Unrestricted funds**|**DAF**
**Other**
**Designated**|**£**
**£**
**£**
84,595
112,000
-
-
-
-
-
-
-
20,358
-
18,724|18,724|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|-|
||||104,953
112,000|44,346
79,746
2,789
-
0
-
8,249
15,944
1,457
-
3,502
-
0
50
75
-
0
-
0
-
5,753
16,260
3,100
-
24
-
0
-
0
-
15,300|84,595
112,000|
||**General**|||||
||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
Affirm
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 2023**
## **8 CHARITABLE EXPENDITURE (continued)**
||**2021**
**Total**|**£**
**_685_**|**_685_**|**_19,843_**
**_756_**|**20,599**|**_35,497_**
**_541_**
**_4,800_**
**_10,023_**
**_2,109_**
**_260_**
**_900_**
**_-_**|**_54,130_**|
|---|---|---|---|---|---|---|---|
||**Restricted**|**£**
_-_|_-_|_19,843_
_718_|_20,561_|_-_
_-_
_-_
_-_
_-_
_-_
_-_
_14,481_|_14,481_|
|**Unrestricted funds**|**DAF**
**Other**
**Designated**|**£**
**£**
**£**
_685_
_-_
_-_
_685_
_-_
_-_
_-_
_-_
_-_
_38_
_-_
_-_
_38_
_-_
_-_
_35,497_
_-_
_-_
_541_
_-_
_-_
_4,800_
_-_
_-_
_10,023_
_-_
_-_
_2,109_
_-_
_-_
_260_
_-_
_-_
_900_
_-_
_-_
_(30,097)_
_-_
_15,616_
_24,033_
_-_
_15,616_||_-_
_-_|_-_|_-_
_-_
_-_
_-_
_-_
_-_
_-_
_15,616_||
|||||_-_
_-_|_-_|_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_||
||**General**|||_-_
_38_|_38_|_35,497_
_541_
_4,800_
_10,023_
_2,109_
_260_
_900_
_(30,097)_|_24,033_|
||**2022**
**Total**|**£**
**-**
|**-**
|**-**
**-**|**-**|**37,192**
**1,007**
**4,730**
**7,801**
**1,838**
**220**
**900**
**-**|**53,688**|
|**Restricted**|**Funds**|**£**
-|-|-|-|-
-
-
-
-
-
-
14,606|14,606|
|**Unrestricted funds**|**DAF**
**Other**
**Designated**|**£**
**£**
**£**
-
-
-|-|-
-|-|-
-
-
-
-
-
-
18,724|18,724|
||||-
-|-
-
-
-|-
-|37,192
-
1,007
-
4,730
-
7,801
-
1,838
-
220
-
900
-
(33,330)
-|20,358
-
|
||**General**|||||||
||**MIH**
**Direct costs**
Professional fees
**Bastion Games**
Staff costs
Other costs
**Chapel in the Fields**
Stipend
Expenses
Manse costs
Activity costs
Heat, light, water
Phone
Depreciation
Charged to designated and
restricted funds|||||||
**19**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
|**9 SUPPORT COSTS**
**_General support costs_**
Staff costs
Travel & other expenses
Office and other administration costs
Management accounts services
**_Governance costs_**
Professional fees|**Raising**
**Funds**
**£**
333
5
562
799
-|**Charitable**
**Activities**
**£**
3,001
46
5,062
7,191
-|**2023**
**Total**
**£**
**3,334**
**51**
**5,624**
**7,990**
**-**|**Raising**
**Funds**
**£**
_667_
_-_
_1,065_
_719_
_-_|**Charitable**
**2022**
**Activities**
**Total**
**£**
**£**
_6,007_
**_6,674_**
_3_
**_3_**
_9,585_
**_10,650_**
_6,473_
**_7,192_**
_2,332_
**_2,332_**
_24,400_
**_26,851_**|
|---|---|---|---|---|---|
||1,699|15,300|**16,999**|_2,451_||
The above costs are in respect of the District core activities only and none are attributable to MIH. MIH had its own administration and those support costs are shown in note 8.
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
Overprovision prior year
Depreciation of tangible fixed assets
Trustees' remuneration as trustees
Trustees' expenses as trustees
**11 GAINS AND LOSSES ON INVESTMENTS**
Unrealised gain on disposal of assets held for sale
Unrealised gains/(losses) on revaluation of fixed asset investments
Unrealised gain on disposal of assets held for sale|**2023**
**£**
**700**
**1,300**
**(500)**
**4,000**
**-**
**-**|**2022**
**£**
_700_
_1,160_
_-_
_4,000_
_-_
_-_
**Restricted**
**Funds**
**2023**
**£**
**£**
-
**(2,922)**
-
**(2,922)**
**Restricted**
**Funds**
**2022**
**£**
**£**
_-_
**_-_**
_-_
**_(4,611)_**
_-_
**_(4,611)_**|
|---|---|---|
||**Unrestricted**
**funds**
**£**
(2,922)||
||(2,922)||
||**Unrestricted**
**funds**
**£**
_-_
_(4,611)_||
||_(4,611)_||
**20**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
|**12 STAFF INFORMATION**
**a Staff costs**
Stipends and salaries
Pension contributions - Methodist Ministers Scheme
Pension contributions - defined contribution
Employer's NI contributions|**2023**
**2022**
**£**
**£**
**170,923**
_213,050_
**25,349**
_22,073_
**4,186**
_4,300_
**14,912**
_13,071_
**215,371**
_252,494_|
|---|---|
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|**Number**
**Number**
**6**
_9_
**0**
_1_
**1**
_1_
**7**
_11_|
|---|---|
## **13 TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|**Cost**
As at September 1 2022
As at August 31 2023
**Depreciation**
As at September 1 2022
Charge for the year
As at August 31 2023
**Net book value**
As at August 31 2023
As at August 31 2022|**District**
**Manse**
**£**
464,960|**Core**
**Office**
**Equipment**
**£**
1,533|**CiF**
**Total**
**Equipment**
**£**
**£**
10,000
**476,493**
10,000
**476,493**
5,400
**28,633**
900
**4,000**
6,300
**32,633**
3,700
**443,860**
_4,600_
_447,860_|
||464,960|1,533||
||21,700
3,100|1,533
-||
||24,800|1,533||
||440,160|-||
||_443,260_|_-_||
**21**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
|**14 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
**15 DEBTORS**
Income receivable
Prepayments & other debtors
**16 CURRENT ASSET INVESTMENTS**
CFB Trustees' Interest Fund - DAF
CFB Trustees' Interest Fund - Youth Council surplus funds
**17 CREDITORS falling due within one year**
Creditors and accruals
DAF grants payable within 12 months|**2023**
**£**
**87,092**
**2,927**
**(2,922)**
**87,097**
**21,230**
**65,867**
**87,097**
**3,361**
**12,119**
**15,480**
**1,623,213**
**1,274**
**1,624,487**
**29,215**
**33,901**
**63,116**|**2022**
**£**
_90,097_
_1,606_
_(4,611)_|
|---|---|---|
|||87,092|
|||_18,303_
_68,789_|
|||_87,092_|
|||_6,308_
_9,346_|
|||_15,654_|
|||_1,409,431_
_1,237_|
|||_1,410,668_|
|||_27,552_
_35,225_|
|||_62,777_|
**22**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **18 STATEMENT OF FUNDS**
**----- Start of picture text -----**
31/08/2023 £ 526,695 1,536,511 21,445 1,557,956 2,084,651 118,005 2,202,656
- - - - - - -
£
Transfers
- - - -
£ (2,922) (2,922) (2,922)
loses
Gains &
2022/23
£
Expenditure (107,022) (199,738) (18,724) (218,462) (325,484) (94,159) (419,643)
-
£ 129,882 302,844 302,844 432,726 57,430 490,156
Income
b/f and c/f 31/08/2022 01/09/2022 £ 506,757 1,433,405 40,169 1,473,574 1,980,331 154,734 2,135,065
- - - -
£
(897,848) 897,848 897,848
Transfers
£ (4,611) - - - (4,611) - (4,611)
loses
Gains &
£
Expenditure (146,084) (147,344) (15,616) (162,960) (309,044) (113,861) (422,905)
-
2021/22
£
120,329 263,123 263,123 383,452 148,111 531,563
Income
01/09/2021 £ 1,434,971 419,778 55,785 475,563 1,910,534 120,484 2,031,018
**----- End of picture text -----**
**23**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **18 STATEMENT OF FUNDS (continued)**
**----- Start of picture text -----**
31/08/2023 £ 71,070 - 26,132 564 - 10,000 6,742 1,421 2,076 - - 118,005
- - - - - - - - - -
£
Transfers
- - - - - - - - - - -
£
loses
Gains &
2022/23 - - - (4) - - -
Expenditure £ (29,254) (31,635) (8,635) (10,025) (14,606) (94,159)
- - - 40 -
£ 32,417 31,635 10,025 10,000 (41,293) 14,606 57,430
Income
b/f and c/f 31/08/2022 01/09/2022 £ 67,907 - 34,767 564 - - 6,742 1,385 2,076 41,293 - 154,734
- - - - - - - - - - -
£
Transfers
- - - - - - - - - - -
£
loses
Gains &
- - (3) -
Expenditure £ (30,326) (30,348) (2,160) (6,000) (9,982) (20,561) (14,481) (113,861)
- - - -
2021/22
145
Income £ 32,417 30,348 27,987 9,982 32,751 14,481 148,111
To support youth work in the District, either through District initiatives or by grants to Circuits and Churches.
- - - -
01/09/2021 £ 65,816 8,940 6,564 6,742 1,243 2,076 29,103 120,484
Restricted Funds: Church Planting officer City Centre Minister Caleb Communities Climate Action Justice & Poverty Digital Church 'My Space' LN - Children & Youth enable District Youth Council MIH - hardship fund Bastion Games CinF - Donations Purpose of restricted fund balances (if not clear from above) District Youth Council
**----- End of picture text -----**
**24**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **18 STATEMENT OF FUNDS (continued)**
|**Restricted**
**Unrestricted funds**
**Unrestricted funds**|**Funds**
**2023**
**2022**
**Designated**
**Designated**|**General**
**DAF**
**Other**
**Total**
**General**
**DAF**
**Other**
**Restricted**
**Total**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|Fixed assets - tangible
439,260
-
4,600
-
**443,860**
_442,360_
_-_
_5,500_
_-_
**_447,860_**|Fixed assets - investments
87,097
-
-
-
**87,097**
_87,092_
_-_
_-_
_-_
**_87,092_**|Net Current assets
338
1,536,511
16,845
118,005
**1,671,699**
_(22,695)_
_1,433,405_
_34,669_
_154,734_
**_1,600,113_**|Creditors due in more than one year
-
-
-
-
**-**
_-_
_-_
_-_
_-_
**_-_**|526,695
1,536,511
21,445
118,005
**2,202,656**
_506,757_
_1,433,405_
_40,169_
_154,734_
**_2,135,065_**|**DAF**|The DAF has been allocated as follows:
**£**
**Notes**|Future grant payments not approved but agreed in principal
50,285
contingent liability as dependent on annual review for multi year grants or other contingency.|District expenditure and projects 23/24
175,450
to meet budgeted costs.|Match for NP4NP
129,375
a national Connexional scheme to plant new worshipping communities, to be matched funded by the District|MIH Proceeds for homelessness and climate change projects,|and long term Caleb support
931,500|DAF contingency
50,000
to meet unexpected/unplanned expenditure|1,336,610|Available for new grants 23/24
199,901|1,536,511||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
**25**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2023**
## **19 TAXATION**
The District is a registered charity and is entitled to claim annual exemption from UK corporation tax.
## **20 CAPITAL COMMITMENTS**
There were no capital commitments authorised and contacted for at the end of the year (2022 £Nil).
## **21 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
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash generated from/(used in) operating activities**|**2023**
**2022**
**£**
**£**
**67,591**
_104,047_
**2,922**
_4,611_
**(59,000)**
_(8,899)_
**4,000**
_4,000_
**174**
_(555)_
**339**
_(76,713)_
**16,026**
_26,491_|
|---|---|
The charity has no debt.
## **22 RELATED PARTY TRANSACTIONS**
The City Centre Minister, Revd Ian Rutherford, is a member of the District Council and as such is a trustee, although he receives no payment for acting as a trustee. He was paid a stipend of £26,640 (2021/22 - £26,640). 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 £15,760 (2021/22- £15,000);
- ➢ Fees for providing other services of £6,500 (2021/22 - £6,500); and
During the year the Mr Garrie Naden, the District Treasurer, joined the staff of Transforming Churches and Communities. He takes no part agreeing the financial arrangement with TCC.
In 20/21, the Mission Enabler was Revd Rod Hill, a member of the District Council, and as such is a trustee. He received no payment for acting as a trustee, however in that year he received a stipend 30,630, plus manse provision. He left office at the end of August 2022. In addition, in 20021/22 his so, Mr Matt Hill, was the project worker for Bastion Games. The Revd Rod Hill played no part in discussions or decisions affecting his son’s employment. Matt Hill developed the original concept for the project and promoted it to the District for support and funding. During 2021/22, Matt Hill was paid £14,440 and by the end of that year had left the employment of the District.
There were no other related party transactions.
## **23 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 Methodist Church Fund (MCF) which levied assessments on the Circuits in this District totalling £501,120 (2021/22: £521,836) 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 (2022: 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.
**26**
**THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31 2022**
**The following pages do not form part of the statutory accounts.**
**27**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – DISTRICT CORE FOR THE YEAR ENDED AUGUST 31 2023**
|**INCOME**
Contributions from CMT
Distribution Connexional Priority fund
Circuit Assessments
Methodist Church GB:
- Church planting officer
- Calab Communities
MCMNC - City Centre Minister
MCMNC - Temporary Missioner
Other charitable income
Bank and CFB interest
**EXPENDITURE**
Staffing
Pastoral & ministerial support
Training
Grants DAF
Grants Youth Council
Grants - Calab Communities
Grants other
District development plan
District Partnership fund
Events, meetings and travel
Consultancy
Management accounting
Office costs
Independent examination
Affirm
Depreciation
Investment management costs|**General**
**Un**|**restricted funds**|**restricted funds**|**Restricted**
**Funds**|**Total**
**2023**|**General**
**U**|**nrestricted funds**|**nrestricted funds**|**Restricted**
**Funds**
**£**
_-_
_-_
_-_
_32,417_
_27,987_
_30,348_
_9,982_
_140_
_5_|**Total**
**2022**
**£**
**_256,871_**
**_-_**
**_93,078_**
**_32,417_**
**_27,987_**
**_30,348_**
**_9,982_**
**_680_**
**_8,899_**|
|---|---|---|---|---|---|---|---|---|---|---|
|||**DAF**
**Other**
**Designated funds**|||||**DAF**
**Other**
**Designated funds**||||
||**£**
-
-
101,762
-
-
-
-
7,762
109,524
58,008
2,789
1,457
-
-
-
3,502
-
-
3,725
75
7,990
5,624
-
24
3,100
4,391|**£**
63,335
188,311
-
-
-
-
-
51,198|**£**
-
-
-
-
-
-
-
-|**£**
-
-
-
32,417
-
31,635
10,025
-
40|**£**
**63,335**
**188,311**
**101,762**
**32,417**
**-**
**31,635**
**10,025**
**-**
**59,000**|**£**
_-_
_-_
_93,078_
_-_
_-_
_-_
_540_
_2,642_|**£**
_256,871_
_-_
_-_
_-_
_-_
_-_
_-_
_6,252_|**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|||
|||302,844|-|74,117|**486,485**|_96,260_|_263,123_||_100,879_|**_460,262_**|
|||111,391
-
-
83,721
-
-
50
-
559
-
-
-|-
-
-
-
-
-
-
-
-
-
-
-
-|60,889
-
-
-
-
8,635
10,025
-
-
-
-
-
-
-|**230,288**
**2,789**
**1,457**
**83,721**
**-**
**8,635**
**13,527**
**50**
**-**
**4,284**
**75**
**7,990**
**5,624**
**-**
**24**
**3,100**
**4,391**|_60,655_
_2,071_
_334_
_-_
_-_
_28,750_
_-_
_-_
_4,911_
_900_
_7,192_
_10,650_
_2,232_
_3,100_
_1,536_|_86,493_
_-_
_-_
_59,653_
_-_
_-_
_60_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_||_60,674_
_-_
_-_
_-_
_-_
_2,160_
_9,982_
_-_
_-_
_-_
_6,000_
_-_
_-_
_-_
_-_
_-_
_-_|**_207,822_**
**_2,071_**
**_334_**
**_59,653_**
**_-_**
**_2,160_**
**_38,732_**
**_60_**
**_-_**
**_4,911_**
**_6,900_**
**_7,192_**
**_10,650_**
**_2,232_**
**_138_**
**_3,100_**
**_1,536_**|
||90,685|195,721|-|79,549|**365,955**|_122,331_
|_146,206_|_-_|_78,816_|**_347,491_**|
||18,839|107,123|-|(5,432)|120,530|_(26,071)_|_116,917_|_-_|_22,063_|**_112,771_**|
**28**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – DISTRICT CORE FOR THE YEAR ENDED AUGUST 31 2023**
|**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
**_Communications officer_**
Stipend, nic and pension
Expenses
**_Administrator and PA_**
Salary, nic and pension
Expenses
**TOTAL STAFFING**|**General**
**U**|**nrestricted funds**|**nrestricted funds**|**Restricted**
**Funds**|**Total**
**2022**|**General**
**U**|**nrestricted funds**|**nrestricted funds**|**Restricted**
**Total**
**Funds**
**2021**
**£**
**£**
_-_
**_40,817_**
_-_
**_2,168_**
_-_
**_19,016_**|
|---|---|---|---|---|---|---|---|---|---|
|||**DAF**
**Other**
**Designated funds**|||||**DAF**
**Other**
**Designated funds**|||
||**£**
-
-
-|**£**
37,039
1,422
16,260|**£**
-
-
-|**£**
-
-
-|**£**
**37,039**
**1,422**
**16,260**|**£**
_-_
_-_
_-_|**£**
_40,817_
_2,168_
_19,016_|**£**
_-_
_-_
_-_||
||-|54,721|-|-|**54,721**|_-_|_62,001_|_-_|_-_
**_62,001_**|
||3,011
5,753|-
-|-
-|-
-|**3,011**
**5,753**|_2,392_
_4,977_|_-_
_-_|_-_
_-_|_-_
**_2,392_**
_-_
**_4,977_**|
||8,764|-|-|-|**8,764**|_7,369_|_-_|_-_|_-_
**_7,369_**|
||44,346
1,513|-
-|-|-
-|**44,346**
**1,513**|_36,482_
_2,607_|_-_
_-_|_-_
_-_|_-_
**_36,482_**
_-_
**_2,607_**|
||45,859|-|-|-|**45,859**|_39,089_|_-_|_-_|_-_
**_39,089_**|
||-
-|8,509
11,778|-|31,635
-|**40,144**
**11,778**|_-_
_-_|_7,190_
_4,302_|_-_
_-_|_30,348_
**_37,538_**
_-_
**_4,302_**|
||-|20,287|-|31,635|**51,922**|_-_|_11,492_|_-_|_30,348_
**_41,840_**|
||-|-
-|-
-|19,118
10,136|**19,118**
**10,136**|_-_
_-_|_-_
_-_|_-_
_-_|_17,429_
**_17,429_**
_12,897_
**_12,897_**|
||-|-|-|29,254|**29,254**|_-_|_-_|_-_|_30,326_
**_30,326_**|
||-
-|34,198
2,185|-
-|-
-|**34,198**
**2,185**|_5,770_
_1,750_|_13,000_
_-_|_-_
_-_|_-_
**_18,770_**
_-_
**_1,750_**|
||-|36,383|-|-|**36,383**|_7,520_|_13,000_|_-_|_-_
**_20,520_**|
||3,334
51|-
-|-
-|-
-|**3,334**
**51**|_6,674_
_3_|_-_
_-_|_-_
_-_|_-_
**_6,674_**
_-_
**_3_**|
||3,385|-|-|-|**3,385**|_6,677_|_-_|_-_|_-_
**_6,677_**|
||58,008|111,391|-|60,889|**230,288**|_60,655_|_86,493_|_-_|_60,674_
**_207,822_**|
**29**
## **THE METHODIST CHURCH - MANCHESTER AND STOCKPORT DISTRICT DETAILED INCOME AND EXPENDITURE – CiF FOR THE YEAR ENDED AUGUST 31 2023**
|**Chapel in the Fields**
Stipend
Expenses
Manse costs
Activity costs
Heat, light, water
Phone
Depreciation
Charged to designated & restricted funds|**General**
**£**
37,192
1,007
4,730
7,801
1,838
220
900
(33,330)
**U**|**DAF**
**Other**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,724
**Designated**
**nrestricted funds**|**DAF**
**Other**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,724
**Designated**
**nrestricted funds**|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
14,606|**2022**
**Total**|**General**
**£**
_35,497_
_541_
_4,800_
_10,023_
_2,109_
_260_
_900_
_(30,097)_
**Un**|**DAF**
**Other**
**£**
**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_15,616_
**Designated**
**restricted funds**|**DAF**
**Other**
**£**
**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_15,616_
**Designated**
**restricted funds**|**Restricted**
**£**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_14,481_|**2021**
**Total**|
|---|---|---|---|---|---|---|---|---|---|---|
||||||**£**
**37,192**
**1,007**
**4,730**
**7,801**
**1,838**
**220**
**900**
**-**|||||**£**
**_35,497_**
**_541_**
**_4,800_**
**_10,023_**
**_2,109_**
**_260_**
**_900_**
**_-_**|
||20,358|-|18,724|14,606
|**53,688**|_24,033_|_-_
|_15,616_|_14,481_|**_54,130_**|
**30**