2020-08-31-accounts - Chorley And Leyland Methodist Circuit

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Mrs M Abel		Mr K Ashton		Mrs A Baker	Mrs	M Bennett
Mrs M Bibby		Mrs J Davenport	(Appomted	Miss M Dowling	Mrs	S Draper
		17/9/19)
Miss L Duckworth		Ms A Eaves		Mrs F Eccles	Mr	D Frost
Mr A Edge		Mr J Fishwick		Mrs H Fletcher (Resigned	Mr	6Jones (Resigned
				17/9/19)	17/9/19)
Mrs P Gerrard		Mrs P Griffiths (Resigned		Mr S Hardacre	Mrs	M Hams (Appointed
		17/9/19)			17/9/19)
Mr T Harris		Mrs L Heston		Mr G Horton	Mrs	J Horton
Mrs C Hulse		Mr D I-lulse			Mr	D Kelsall
Mrs N Klunder		Mrs y Lancaster		Mr D Leach	Mrs	SLemon (Resigned
					17/9/19)
Mrs C Linfitt (Resigned		Rev A Mashiter		Mrs A Melling	Mrs	SMercer
17/9/19)
Mrs H Molyneux		Mrs R Moss		Mr C Naylor	Mrs	L Naylor Appointed
					17/9/19)
Mr M Needham	(Resigned	Mr 8 Noon		Mrs J Owen	Mrs	K Owen
17/9/19)
Mr F Robinson		Mr M Saunders	(Appointed	Mr R Scott (Appointed	Mrs	CShapley
		17/9/19)		17/9/19)
Mr L Shields		Mrs C Stafford		Mr W Stafford	Rev	R Stub bings
Mrs YTaylor		Mrs CTetlow		Mr G Thomas (Deceased)	Mr A Walmsley
Mr J Whittle		Mr P Wright

					Unrestricted Funds
			Note	General	Circuit Mode I	Oesignated	Restricted		8	Tots I	Total
			No.	Fund	Trust Furirl	Funds	Endowment			2019-20	2018-19
							Fuflds
income and Endowments
Donations and legacies						120		168		288	1,9DD
Income from monetary investments				152	1,720	728		30		2,630	4,308
Income from investment properties				1D,354						10,354	10,192
Assessments on Churches				345,738						345,738	338,388
Capital Receipts					171,921					171,921	0
Grants received						11,300				11,300	10,000
Other charitable activities				183				226		409	175
To)al from charitable Aulvttles				356,427				424		542,639	364,963
Other income						4,000				4,000
Total Income and Endowments				356r427	173,640	16,148	424			546,639	364,963
Expendltwe
Grants and donations			9	1,831	0	0		226		2,057	2,037
Salaries and associated costs			10	247,727	0	26,858			0	274,585	273,550
Property				42,390	0	14,114			0	56,504	31,329
Connexional assessment				0	0	D			0	0	0
District Assessment & Levy			12	62,663	1,361	7,533			0	71,557	80,660
Depreaation				0	0	0			0	0	0
Office expenses			13	3,770	109	761			0	4,640	4,208
Other outgoings			14	6,667	0	401			0	7,066	11,672
Total Charitable Expemgture				365,048	1,470	49WT		226		416,411	403,458
Netincoming Resources/(Resources
.Ekpended before InVestment		Gains		(8,621)	172,170	(33,519)		198		130,228	(38,494)
/(tosses)
Gain/(loss) monetary investments			15		(378)					(378)	842
Gain/(loss) investment properties			16	390	0					390	(228)
Reclassification of Funds			17	(171,921)						(171,921)
IERtIncome/(Expenditure)				(180,152)	, 171,792	(33,519)		198		(41,681)	(37,881)
Transfers between funds				8,500	(8,500)					(0)
Other gains/(losses)					0					0
:NetggdvementlbFunds				(171,652)	"163,292.	i33,519)				(41,681)	(37,881)
Total funds brought forward				1,676,252	54,456	125,545	4,280			1,860,533	1,893,444
add back Future instalments		of Grants									5,000
Grant Instalment Provisions	Released
,Tob(I Funds Carried, forward				2,504,599	217.749	92,026	4,479			1,818,852	1,860,563

			Unrestricted	Unrestricted	Funds
		Note	General	Circuit	Designated	Restricted &		Tots Is	Totals
		No.	Fund	Model	Funds	Endowment		2020	2019
				Trust		Funds
				Fund
Fixed Assets
Circuit Manses &Equipment		18	1,306,228					1,306,228	1,306,228
Investment properties			171,665					171,665	343,196
Investments		19		35,847				35,847	36,225
Total Fixed Assets			2~77,893	3S,847				1,513,740	1,685j649
current Assets
Debtors		20	21,900					21,900	24,373
Loans by the Circuit		21	7,000					7,000	301
investments with TMCP		19		181,901				181,901	18,231
Central Finance Board Deposits		22	39,280		94,569	4,283		138,132	131,683
Cash at Bank and in hand		22	54,531		4,990		581	60,102	94,489
Totbl cunent Assets			122,712	18t&DD1	99,558	4,864		409i036, 269,078
Current liabilities
Creditors )due in under 1	year)	23	96,005		7,533		386	103,924	94,164
Grants payable within 1year
Total Current UabRitles			96,005		'7,583			103,924	94,164
Net Current Assets/UabRltles			26,106	181,9D1	92,026	4,479		' 305;112	1'74,914
Tatel Assets less Current	Liabilities		1,504,599	217,749	92,026	4/I79		1,818,852	.1~,563
Lang term llabRltles )due	aRer
more than one year)
Grants payable after 1year
Loans to the 0rcuit
Net Assets			1,504,599	217,749		4+79		22s18,852	12)60r568
Funds ofthe Circuit
General Fund		24a/26	1,504,599					1,504,599	1,676,251
Circuit Model Trust Fund		240/26		217,749				217,749	54,456
Designated Funds		24c/26			92,026			92,026	125,545
Total Unrestricted Funds								1,824+74r,	sr856,252-
Restricted & Endawment	Funds	25/26				4,479		4,479
TotalFunds			1,504,599	217,749	92,026	4,479		1,818,852	1,860,563
						Signed		g')/I,g„+
						Circuit	Treasurer		fc,/z(zf

		General	Circuit	Designated	Restricted	Total	Total
		Fund	Model	Funds	Ik	2019-20	2018-19
			TI'ust		Endowment
			Fund		Funds
Women's	Network				226	226	121
Messy Church		183				183	54
Total		183			226	409	175

				Fug Time	Part Time	General	Designated	2020	2019
Stipends				154,412	12,084	166,496		166,496	161,322
National	Insurance			14,247	518	14,765		14,765	14,215
Pensions				40,203	3,251	43,454		43,454	42,258
Total Employment			Costs	208,862	15,853	224,715	0	224,715	217,794
Telephone		&Internet		3,014	348	3,362		3,362	3,234
Travelling				9,487	821	10,307		10,307	14,270
Removal	&	Relocation		500		500	2,560	3,060	4,291
Total				221,863	17,022	238,884	2,560	241,444	239,589

				Full Time	Part Time	General	Designated	2020	2019
Salary					8,517	8,517	23,958	32,475	32,879
National		Insurance
Pensions
Total	Employment		Costs		8,517	8,517	23,958	32,475	32,879
Travelling					326	326	340	666	1,082
Total					8,843	8,843	24,298	33,141	33,961
	Totals
Costs				221,863	25,864	247,727	26,858	274,585	273,550

General Fund
Manse	Coundl	Insurance	Repairs,	Maintenance	Water	Total	Total
	Tax		Malnt &	Contracts		2019-20	2018-19
			Improv
Canberra Road	1,660	467	645	385	567	3,724	4,196
Little Close	2,224	(2)	2,676	550	643	6,091	3,822
Migfield Road	2,665	590		473	642	4,370	8,724
Royal Avenue							3,844
Warton Place	1,383	650	4,992	60	688	7,773	3,081
Windsor Drive	2,489	429	8,199	738		12,620	4,569
Total General Funds	10,421	2,133	16,513	2,206	3,305	34,579	28,236
Designated Funds
Windsor Drive			14,114			14,114	0
Total - Manses	10,421	2,133	30,627	2,206	3,305	48,693	28,236

				General	Fund	Designated	Funds
	Description			2019-20	2018-19	2019-20	2018-19
Investment	Properties			6,066	2,328
Church Quinquennial		Reports		1,155
Office Set	Up &Running		Costs	590	766
Total				7,811	3,094

c) Total Expenditu	re on Property
	General	Fund	Designated	Funds	Totalrunds
	2019-20	2018-19	2019-20	2018-19	2019-20	2018-19
Manses	34,579	28,236	14,114		48,693	28,236
Other Property	7,811	3,094			7,811	3,094
Total	42,390	31,329	14,114		56,504	31,329

			General	circuit	Designated	Restricted	Total	Total
			FUlid	Model	FUnds	&	2019-20	2018-19
				Trust		Endowment
				Fund		FUnds
Distnct Expenses			5,363		645		6,007	7,176
Methodist	Church	Fund	57,300		6,888		64,188	62,561
Levy on Circuit Model Trust Funds				1,361			1,361	10,923
Total			62,663	1,361	7,533		71,557	80,660

		General	CIIUUlt	Designated	Restricted	Total	Total
		FUod	Model	FUflds	&	2019-20	2018-19
			TIUst		Endowment
			Fund		FUlids
Payroll Admin charge		480				480	480
Computer Levy - Mmisters		1,155				1,155
TMCP Investment	Management
Fees			109			109	550
Printer Cartridges		564		262		827	1,030
Conference Minutes &CPD		237				237	278
Office Equipment		213				213	284
Photocopying		351				351	204
Circuit Website		249				249	249
Telephone/Broadband		39		440		479	324
Other Admin Costs		483		59		541	811
Total		3,770		761		4,640	4,208

			General	Circuit	Designated	Restricted	Tote I	Total
			Fund	Model	FUnds	&	2019-20	2018-19
				TI'Ust		Endowment
				FUnd		Funds
Mission, Preaching		&Warship
Supernumery Preacher Expenses			651				651	1,317
Preaching Plan/Newsshare			185				185	428
Messy Church -	Buckshaw		288				288	420
Resources			1,019		222		1,241	1,919
Other Expenditure
Training Courses		&Events	441				441
Apprenticeship	Levy		918				918	961
Staff Retreat/CLT		Away Day	2,173				2,173	2,175
Professional Fees			546				546	3,900
Other			446		179		625	544
Total			6,667		401		7,068	11,672

			General	Circuit	Designated	Restricted	Total	Total
			Fund	Model	Funds	&	2019-20	2018-19
				TI'Ust		Endowment
				FUnci		Funds
CFBCorporate	Bond			105				495
CFBManaged	Mixed Fund			(484)				336
CFBManaged	Fixed interest	Fund		2
Total				(378)

		Investment	Bugdlngs	Fixtures,	Assets under	Total
		Properties		Fittings and	Canstruction
				Equipment
Balance	brought forward	343,196	1,306,228			1,306,228
Additions	in the year					0
Revaluations
less Disposa Is in the year		(171,531)
Transfers	between Categories
	Total	171,665	1,306,228			1,306,228

Balance brought forward	Balance brought forward
Depreciation	charge for the year
Impairment	provisions
Revaluations
Disposals
Transfers
	Total
Balance brought forward
Depreciation	charge for the year
Impairment	provisions
Revaluations
Disposais
Transfers
	Total

					Trust	Fund - Details
Name		Number	Number	of	Closing	CMTF.Trust	Total	2019
			units		Price -gs	9540	2020
CFBManaged	Mixed Fund	26100	5,698		4.734	26,974	26,974	27,459
CFBManaged	Fixed Int. Fund	26122		92	2.169	200
CFBCorporate	Bond	26128	5,825		1.489	8,673	8,673	8,569
Trustees interest Fund		26110		n/a
Total Investments						35,847	35,847	36,225
Trustees Interest	Fund	26110	n/a			181,901	181,901	18,231
Total						217,749	217,749	54,456

			General	Circuit	Designated	Restricted	&	Total	2019
			Fund	Model	Funds	Endowment		2020
				Trust		Funds
				Fund
Trade Debtors
SPATfor Schools Worker		Salary Recharge							1,363
Other Debtors									704
Total Debtors									2,066
Prepayments
Stipends, Pension	Ik Nl		19,223					19,223	18,717
Property Insurance			1,662					1,662	1,826
Council Tax &Water Charges			362					362	605
Other			653					653	1,159
Total Pre ayments			21,900				0	21,900	22,307
Total Debtors &Pre a		ents	21,90D				0	21,900	24,373

Notes to the Accounts for the 21) Loans to Churches	Notes to the Accounts for the 21) Loans to Churches	Notes to the Accounts for the 21) Loans to Churches	Notes to the Accounts for the 21) Loans to Churches	Year Ending 31August 202	Year Ending 31August 202	0	0	0	0	0
22) Loans to churches within the Circuit may be granted				by the trustees for a variety		ofpurposes. All loans are
interest free	and generally sourced from the CMTF.			The agreed repayment	period	(ifset) is shown		in	the
table below.	The loan	to Charley was made to	support the redevelopment		ofthe	church	following	a
merger with	another	local church. The loan to	Leyland was to provide short term			liquidity	and was	repaid
in September	2020.
Church		Date	Amount Period		Balance		Granted		Repaid		Balance
		Granted			b/f		This Year		This	Year	c/f
Charley Methodist	Church	23/05/12		100,000 Open		301				(301)
Leyland Methodist	Church	06/05/20		7,000 1Year			7,000				7,000
				Tote I		301	7,000			(301)	7,000

		General	Circuit	Designated	Restricted	Total	2019
		Fund	Model	Funds	&	2019-20
			Trust		Endowment
			FUiid		FUllds
Central	Finance Board	39,280		94,569	4,283	138,132	131,683
Co-op	Bank	54,530		4,990	68	59,587
Royal	Bank ofScotland				513	515	94,489
Total		93,812		99,558	4,864	198,234	226,173

		General	Circuit	Designated	Restricted	Total	2019
		FUiiil	Model	Funds	&	2019-20
			Trust		Endowmen
			FU rid		t Funds
Income in Advance
Assessments received	in advance	86,521				86,521	80,405
Third Party Fundraising					386	386	3,363
Other
Total Income in Advance		86,521			386	86,906	83,768
Creditors &Accruals
Mmisterg Staffexpenses		267				267	1,256
Mmisters Removal Expenses							489
District Assessment				7,533		7533	7,073
Manse Repairs/Council	Tax etc. etc.	6,573				6,573	739
Other		2,645				2,645	839
Total Creditors IEAccruals		9,484		7,533		17,018	10,396
Total Creditors (due in under 1year)		96,005		7,533	386	103,924	94,164

			Balance at	Income	Expenditure	Transfei'4	Grant	Gains/	Balance
			1Sep 2019				Provisions	Losses	at 31Aug
									2020
General			1,676,252	356,298	(364,899)	(163,421)		390	1,504,619
Orcuit Model Trust			54,456	1,720	170,450	(8,500)		(378)	217,749
Total Unrestricted	&Undesi	nated	1,730,708	358,017	(194,448	171,921		12	1,722,368
Manse Major Repair/Improvement			24,000		(14,114)				9,886
Presbyters &Deacons Removal			4,181		(2,560)				1,621
pioneer Ministry			95,464	12,028	(32,993)				74,499
Other Designated			1,900	4,000	0				5,900
Total Designated			125,545	16,028	(49,667)			0	91,906
Local Preachers			2,693	187					2,880
StJohns School			1,560						1,571
Network			28	226	(226l				28
Total Restricted			4,280	424	(226)				4,479
Total ofAB Funds			1,860,533	374,469	(244,342)	(171,921)		12	1,818,752

		General	Circuit	Designated	Restricted	Tata I	2019
		Fund	Model	Funds	&	2019-20
			Trust		Endowment
			Fund		Funds
Tangible	Fixed Assets	1,306,228			0	1,306,228	1,306,228
Fixed Asset investments		171,665				171,665	343,196
Investments			35,847			35,847	36,225
Current	Assets	122,712	181,901	99,558	4,864	409,036	269,078
Current	Liabilities	(96,005)		(7,533)	(386)	(103,924)	(94,164)
Creditors	Due After One Year					0	0
Total Fund Value		1,504,599	217,749	92,026	4,479	1,818,852	1,860,563

				Receipts	Payments	Balance
						due (from)
						/ to Circuit
						-31Aug
						20
Mission	m	Britain Fund		2,117	(2,117)
Property	Fund			1,990	(1,990)
World Mission			Fund	648	(648)
Presbyters		and	Deacons Fund	1,440	(1,440)
Training	Fund			528	(528)
IMA				1,075	(1,075)
Total				7,798	(7,798)