2023-08-31-accounts - Chorley And Leyland Methodist Circuit

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Mrs M Abel	Mr	KAshton	Mrs M Bennett	Mrs	M Bibby
			(Resigned 01/09/22)
Rev J Clasper	Mrs	J Davenport	Mrs SDraper	Miss	L Duckworth
	(Resigned 31/08/2022)			(resigned 29/10/23)
Mrs F Eccles	Mr	A Edge	Mr J Fishwick	Mr D Frost
Mrs P Gerrard	Mr	SHardacre	Mrs M Harris	Mr T Harris
			(Resigned 10/10/23)	(Resigned 10/10/23)
Mrs LHeston	Mr	G Horton	Mrs J Horton	Mrs	C Hulse
Mr D Hulse			Mrs N Klunder	Mrs	Y Lancaster
Mr D Leach (Resigned	Rev	A Mashiter	Mrs A Melling	Mrs	S Mercer
31/08/23)
Mrs H Molyneux	Mrs	R Moss	Mr C Naylor	Mrs	L Naylor
(Resigned 06/03/24)
Deacon S Nicholls	Mr	8 Noon	Mrs J Owen	Mrs	K Owen
Mr F Robinson	Mrs	A Sandham	Mr M Saunders	Mrs	CShapley
	(Resigned 31/08/23)
Mr LShields	Mrs	CStafford	Mr W Stafford	Rev	R Stubbings
Mrs YTaylor	Mrs	CTetlow	Mr J Whittle	Miss	A Cupit (Appointed
				01/02/24)
Mrs C Hothersall
(Appointed 01/09/24)

						Unrestricted Funds	Unrestricted Funds
					Note	General	Circuit Model	Designated	Restricted	Ik	Total	Total
					No.	Fund	Trust Fund	Funds	Endowment		2022-23	202t-22
									Funils
Income and Endowments
Donations and legacies												19,595
Income from monetary investments						1,296	4,655		150		6,100	1,838
Income (rom investment	properties											5,766
Assessments on Churches						300,484					300,484	276,136
Capital Receipts							609,001				609,001	0
Grants received								11,755	500		12,255	10,927
Other charitable activities						103					103
Total from Charitable Activities						301,883	61$,656	11,755	650		921,94$	314,261
Otherincome						346					346	50
Total Income and Endowments						302,229	613,656	11,755	650		92S,289	314,311
ExpendltUm'
Grants and donations						1,117		3,420			4,537	14,333
Salaries and assonated costs						230,571		30,762			261,334,	232,237
Property					10	31,062		0			31,062	21,633
Distnct Assessment &Levy						75,373	2,936	10,610			88,919	82,496
Depreciation						0	0				0	0
Office expenses					12	2,982	310	54		0	3,346	4,195
Other outgoings					13	10,362	1,985		10,427		22,775	9,057
Tcital Charitable Expenditure						351,468	5,2$1	44,841	10327		411,974	$63,950
Net incoming Resources	/(Resources
Expended before Investment			Gains			(49,239)	608/I25	(33,092)	(9,778)		516,$16	(49,639)
/(Losses)
Gain/(loss) monetary investments					14		(1,661)				(1,661)	(3,485)
Gain/(loss) investment properties				&	15	(54,571)					(54,571)	(25,492)
menses
Reclassification of Funds					16	(609,001)					(609,001)
Net Income/(Expenditure)						(712,811)	606,763	(33,092)	(9,778)		(148,918)	(78,616]
Transfers between funds						7,619	(28,710)	21,091				(0)
Other gains/(losses)							0					0
Net Mmrement in Funds						P05,192)	' 57S,053	(12,001)	(9,"/78)		(148,918)	(78,616)
Total funds brought forward						1,701,653	108,714	47,528	28,575		1,886,410	1,965,086
less Loans Repaid						379,206	(379,206)
add back Future Instalments			of Grants				0
Grant Instalment Provisions		Released
Total Funds Carried Forward						1,375,667	307,562	35,527	18,797		1,7$7,552	1,886,470

			Unrestricted	Unrestricted	Funds
		Note	General	Circuit	Designated	Restricted &	Totals	Totals
		No.	Fund	Model	FUIicls	Endowment	2023	2022
				Ti'ust		Funds
				Fund
Fixed Assets
Circuit Manses & Equipment		18	1,127,686				1,127,686	1,729,622
Investment properties		18	187,022				187,022	248,658
Investments		19		35 555			35,555	37,217
Total Fixed Assets			1,314,708	35,555			1,350,263	2,015,497
Current Assets
Debtors		20	20,738		1,260		21,998	25,348
Loans by the Circuit		21	91,000				91,000	90,770
Investments with TMCP		19		272,006			272,006	71,498
Central Finance Board Deposits		22	(0)		20,418	4,457	24,874	82,573
Cash at Bank and in hand		22	18,544		23,692	14,341	56,577	106,642
Total Current Assets			130,282	272,006	45,370	18,797	466/I55	316,832
Current liabilities
Creditors (due in under 1	year)	23	69,323		9,843		79,166	505,859
Grants payable withm 1year
Total Current Liabiaties			69,323				79,166	505,859
Net Current Assets/Liabgitles			60,959	272,006	35,527	18,797	387,289	(129,027)
Total Assets less Current	Uabgltles		1,375,667	307,562	35,527	18,797	1,737,552	.1,886,470
Long term liabilities (due	after
more than one year)
Grants payable after 1year
Loans to the Circuit
Net Assets			1,375,667	307,562	35,527	18,797	1,737,552	1+86,470
Funds ofthe Circuit
General Fund		24a/26	1375667				1,375,667	1,701,653
Circuit Model Trust Fund		24b/26		307,562			307,562	108,714
Designated Funds		24&/26			35,527		35,527	47,528
Total Unrestricted Funds							1,118,755	1,857,895
Restricted & Endowment	Funds	25/26				18,797	18,797	28,575
Total Funds			1,375,667	307,562	35,527	18,797	1,737,552	1,886,470

			Unrestricted	Unrestricted	Funds
		Note	General	Circuit	Designated	Restricted &	Totals	Totals
		No.	FUncl	Model	FUll dc	Endowment	2023	2022
				Trust		Funds
				Fund
Fixed Assets
Circuit Menses & Equipment		18	1,127,686				1,127,686	1,729,622
Investment properties		18	187,022				187,022	248,658
Investments		19		35555			35,555	37,217
Total Fixed Assets			1,314,708	35,555			1,350,263	2015497
Current Assets
Debtors		20	20,738		1,260		21,998	25,348
Loans by the Circuit		21	91,000				91,000	90,770
Investments with TMCP		19		272,006			272,006	71,498
Central Finance Board Deposits		22	(0)		20,418	4,457	24,874	82,573
Cash at Bank and in hand		22	18,544		23,692	14,341	56,577	106,642
Total Current Assets			130,282	272,006	45,370	18,797	466,455	376,832
Current Babllltles
Creditors (due in under 1year)		23	69,323		9,843		79,166	505,859
Grants payable within 1year
Total Current Liabilities			69,323				79,166	505,859
Net current Assets/uab0ltles			60,959	272,006	35,527	18,797	387,289	(129,027)
Total Assets less Current	Llabgltles		1,375,667	307,562	35,527	18,797	1,737,552	1,886,470
Long term liabilities (due after
more than one year)
Grants payable after 1year
Loans to the Circuit
Net Assets			1,375,667	307,562	35,527	18,797	1,737,552	1,886,470

						2023	2022
Statement ofcash flows						f	f
Cash from operating activities
Net cash used in operating activities						(138,540)	(12,508)
Cash flows from investing	activities
Dividends, interest and rents	from	investments				6,100	1,838
Proceeds from the sale of property,		plant and equipment				609,001	0
Purchase of property, plant and equipment							(379,496)
TMCP Charges 8 Levies						(2,626)	(8,839)
Net cash provided by investing		activities				612,475	(386,498)
Cash flows from financing	activities
Loans Granted							(85,000)
New borrowing							379,206
Repayments of borrowing						(379,206)
Interest Paid						(1,985)
Net cash used in financing	activities					(381,191)	294,206
Change in cash and cash equivalents in the reporting				period		92,744	(104,800)
Cash and cash equivalents at	the beginning ofthe reporting			period		260,714	365,514
Cash and cash equivalents	at the end ofthe reporting			period		353,457	260,714
						2,023	2,022
Reconciliation ofnet income to		net cash flow from	operating		activities	f	f
Net income for the reporting	period ( as per statement		of	financial	activities)	(148,918)	(78,616)
Adjustments for:
Profit on the sale offixed assets						(7,065)	(39,107)
Loss on the sale offixed assets						61,636	64,599
Losses on investments						1,661	3,485
Dividends, interest and rents	from	investments				(6,100)	(1,838)
TMCP Charges 8 Levies						2,626	8,839
Interest Paid						1,985
(increase)/decrease in debtors						3,121	(6,391)
increase/(decrease) in creditors						(47,487)	36,520
Net cash used in operating	activities					(138,540)	(12,508)
Analysis ofcash and cash	equivalents
Cash in hand						56,577	106,642
Short term deposit (less than	3 months)					296,881	154,071
Total cash and cash equivalents						353,457	260,714

		General	Circuit	Designated	Restricted	Total	Total
		Fund	Model	Funds	&	2022-	2021-22
			Trust		Endowment	23
			Fund		Funds
Christmas	Books for
Schools
Digital Enabler Fund
Buckshaw	Rickshaw Project						17,581
Other							2,000
Total							19,595

			Circuit Madel	Trust Fund
		Migfield Road	Canberra Road	Total 2022-23	2020-21
Gross Sale	Proceeds	425,000	290,000	715,000
CPF Levy		0	(89,146)	(89,146)
Selling Agent Fees		(5,508)	(3,523)	(9,031)
Surveyors	Fees	(1,077)	(6911	(1,768)
Legal Fees		(3,000)	(2,880)	(5,880)
Other Fees		(133)	(41)	(174)
Net Sales	Proceeds	415,282	193,719	609,001

			Agreed This	Year	Agreed	Previous	Year	Total
From General Funds		Agreed	Paid This Year	Carried Forward	Unpaid b/f	Paid This Year	Carried Forward	Paid This Year
StJohns School,	erinscall	1,117	(1,117)					(1,117)
Total		1,117	(1,117)					(1,117)
From Designated	Funds	Agreed	Paid This Year	Carried Forward	Unpaid b/f	Reversed This Year	Carried Forward	Paid This Year
Contacttess Giving		1,996	(1,996)					(1,996)
Refugee Support		1,024	(1,024)					(1,024)
3Generate		400	(400)					(400)
Total		3,420	(3,420)					(3,420)
Overall Total		4,537	(4,537)	0			0	(4,537)

				Full	General	2023	2022
				Time
Stipends				140,026	140,026	140,026	134,202
National	Insurance			13,475	13,475	13,475	12,847
Pensions				36,218	36,218	36,218	34,733
Total Employment			Costs	189,719	1$9,719	189,719	1$1,783
Telephone		&Internet		2,731	2,731	2,731	2,799
Travelling				3,708	3,708	3,708	5,483
Removal		& Relocation					4,734
Total				196,158	196,158	196,158	194,800

				Full	Part Time	General	Designated	2023	2022
				Time
Salary				15,249	14,277	29,525	25,967	55,492	32,762
National	Insurance			1,252	717	1,969	2,358	4,326	1,873
Pensions				908	856	1,765	1,558	3 323	1,809
Total Employment			Costs	17,409	15,850	33,258	29,883	63,141	36,445
Telephone		&Internet		171	326	498	474	972	592
Travelling				434	223	657	405	1,063	400
Total				18,014	16,399	34,413	30,762	65,175	37,437

			Full	Part	General	Designated	2022	2021
			Time	Time
Stipends, Costs	Salaries	&Associated	190,066	10,160	200,226	32,011	232,237	247,078

Trustee	2022-23	2021-22
Rev A Mashiter	1,179	561
Rev 0Oldham	1,100	525
Rev I Clasper	247
Rev M Randle	649	368
Rev R stubbinss	700	175
Dcn 5 Nicholls	683	179
Total	4,557	1,808

General	Fund
	Manse		Councg	Insurance	Repairs,	Maintenance	Water	Other	Total	Total
			Tax		Malnt &	Contracts			2022-23	2021-22
					Improv
Arley Wood Dnve			2,555	596	1,535	120	357	54	5,216	73
Canberra	Road		1,274	583	3 122	70	414	824	6,287	3,775
Little Close			1,687	387	1,490	35	(101)		3499
Millfield	Road		(65)	44			63	582	624	4,435
Warton	Place		1,426	434	239	33	646		2,777	2,634
Windsor	Drive		1,912	448	1,188	130	443		4,121	2,650
Total General Funds			8,788	2,493	7,574	387	1,822	1,460	22,524	16,898
Designated Funds
Arley Wood Drive										570
Windsor	Drive
Warton	Place									1,174
Total	Designated	Funds								1,744
Total- Menses			8,788	2,493	7,574	387	1,822	1,460	22,524	18,642

			General	Fund	Designated	Funds
	Description		2022-23	2021-22	2022-23	2021-22
Investment		Properties	8,063	2,140
Church	Quinquennial
Reports			475	850
Total			8,538	2,990

	General	Fund	Designated	Funds	Total	Funds
	2022-23	2021-22	2022-23	2021-22	2022-23	2021-22
Manses	22,524	16,898		1,744	22,524	18,642
Other Property	8,538	2,990			8,538	2,990
Total	31,062	19,888		1,744	31,062	21,632

			General	Circuit	Designated	Restricted	Total	Total
			Fund	Model	FUIids	ts	2022-23	2021-22
				TI'Ust		Endowment
				Fund		FUnds
District Expenses			10,800		1,520		12,321	10,680
Methodist	Church	Fund	64,573		9,090		73,663	63,588
Levy - CMTF				2,936			2,936	8,228
Total			75,373	2,936	10,610		88,919	82,496

			General	Circuit	Designated	Restricted	Total	Total
			FUnd	Model	Funds	ts	2022-	2021-
				Trust		Endowment	23	22
				Fund		Funds
Payroll Admin charge			480				480	480
Computer Levy - Ministers			880				880	855
TMCP Investment	Management
Fees				310			310	611
Pnnter Cartridges			363				363	550
Conference Minutes		&CPD	283				283	288
Office Equipment			369				369	952
Circuit yyebsite			249				249	249
Other Admin Costs			358		54		413	210
Total			2,982	310	54		3,346	4,195

		General	Circuit	Designated	Restricted	Total	Total
		Fund	Model	Funds	&	2022-	2021-
			Trust		Endowment	23	22
			Fund		Funds
CF8 Corporate	Bond		(379)			(379)	(1,450)
CFB Managed	Mixed Fund		(1,271)			(1,271)	(2,006)
CFB Managed	Fixed Interest
Fund			(12)			(12)	(29)
Total			(1,661)			(1,661)	(3,485)

				Investment	Buildings	Fixtures,	Assets under	Total
				Properties		Fittings and	Construction
						Equipment
Balance	brought		forward	248,658	1,729,622			1,729,622
Additions	in the		year
Revaluations				(61,636)				0
less Disposals		in	the year		(601,936)			(601,936)
Transfers	between Categories							D
		Total		187,022	1,127,686			1,127,686

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

Brought Forward	248,658	0	1,729,622	0	0	1,729,622
Carry Forward	187,022	0	1,127,686	0	0	1,127,686

Property
Arley Wood Drive (Manse)		379,496	379,496
James Place (Manse)	187,022
Little Close (Manse) *		295,000	295,000
Warton Place (Manse)		223,162	223,162
Windsor Drive (Manse)		230,028	230,028
Total	187,022	1,127,686	1,127,686

Investment	Investment	Fund Details			Trust Fund	- Details
	Name		Number	Number	Closing	CMTF-	Total	2022
				of Units	Price- Es	Trust BS4O	2023
CFB Managed	Mixed	Fund	2C100	5,698	5.028	28,650	28,650	29,920
CFB Managed	Fixed	Int. Fund	2C122	92	1.68	155	155	167
CFBCorporate	Bond		2C128	5,825	1.159	6,751	6,751	7,130
Total Investments						35,555	35,555	37,217
Trustees Interest	Fund		2C110	n/a		272,006	272,006	71,498
Total						307,562	307,562	108,714

ugust 2023 will be released in 2023-	24
	General	Circuit	Designated	Restricted	Total	2022
	Fund	Model	Funds	&	2023
		TI'ust		Endowment
		Fund		Funds
Trade Debtors
Assessments						770
Other						195
Total Debtors						965
Prepayments
stipends, Pension & Nl	17,052				17,052	19,202
Property Insurance	1,857				1,857	1,808
Counol Tax &Water Charges	306				306	526
QSR Report Fees	5,055				5,055
Funding for 3Generate			1,260		1,260
Other	(3,533)			0	(3,533)	2,848
Total Prepayments	20,738		1,260		21,998	24,384
Total Debtors &Prepayments	20,738		1,260		21,998	25,348

1)
	Church		Date	Amount	Period	Balance	Granted	Repaid	Balance
			Granted			b/f	This Year	This Year	c/f
Leyland	Methodist	Church	15-Aug-21	5,770	1Year	5,770		i5,770)
Leyland	Methodist	Church	25-Nav-21	85,000		85,000	6,000		91,000
					Total	90,770	6,000	(5,770)	91,000

		General	Circuit	Designated	Restricted	Total	2022
		Fund	Model	Funds	&
			Trust		Endowment
			Fund		Funds
Central	Finance Board			20,418	4,457	24,874	82,573
Co-op	Bank	18,542		23,692	14,321	56,555	106,135
Royal Bank ofScotland					20	22	507
Total		18,544		44,110	18,797	81,451	189,216

paid in full from	the	sale procee	ds ofthe Mil	lfield Road	manse on 30&	September 2	022.
			General	Circuit	Designated	Restricted	Total	2022
			Fund	Model	Furrds
				TI'ust		Endowment
				Fund		Funds
Income in Advance
Assessments received		in advance	44,756				44,756	113,714
Other
Total Income in Advance			44,756				44,756	113,714
Creditors &Accruals
Loans due in &tyr								379,496
Mmister &Staff expenses			159				159	1,429
Mmisters Removal	Expenses							600
Circuit Assessment	Rebate		12,462				12,462
District Assessment			9,843		9,843		19,686	7,970
Manse Repairs/Council		Tax etc.
etc.			1,764				1,764	1,150
Other			339				339	1,500
Total Creditors &Accruals			24,567		9,843		34,410	392,145

			Balance at	Income	Expenditure	Transfers	Gains/	Balance
			1Sep 2022				Losses	at 31Aug
								2023
General			1,701,653	302,229	27,738	(601,382)	(54,571)	1,375,667
Circuit Model Trust			108,714	613,656	(384,437)	(28,710)	(1,661)	307,562
Total Unrestricted	&Undesignated		1,810,367	915,885	(356,699)	(630,092)	(56,232)	1,683,228
Manse Major Repair/Improvement			13,302					13,302
Presbyters &Deacons Removal			906		0			906
Pioneer Ministry			23,161	11,755	(41,427)	21,099		14,588
Contactless Giving			2,004		(1,996)	(8)
Traimng & Development		Fund	5,883		0	0		5,883
Other Designated			2,271		(1,424)			847
Total Designated			47,528	11,755	(44,847)	21,091		35,527
Digital Enabler			5,500		(1,159)			4,341
Buckshaw Rickshaw	Proiect		18,581	500	(9,186)			9,895
Local Preachers			2,895	95	(82)			2,907
StJohns School			1,580	55	0			1,635
Network			20					20
Total Restricted			28,575	650	(10,427)			18,797
Total of All Funds			1,886,470	928,289	(411,974)	(609,001)	(56,232)	1,737,552

		General	Circuit	Designated	Restricted &	Total	2022
		Fund	Model	Fuiids	Endowment	2022-23
			Trust		Funds
			Fund
Tangible	Fixed Assets	1,127,686				1,127,686	1,729,622
Fixed Asset investments		187,022				187,022	248,658
Investments		0	35,555			35,555	35,555
Current	Assets	130,282	272,006	45,370	18,797	466,455	465,738
Current	Liabilities	(69,323)		(9,843)		(79,166)	(67,626)
Creditors	Due After One Year	0		0		0	0
Total Fund Value		1,375,667	307,562	35,527	18,797	1,737,552	2,411,947

			Receipts	Payments		Balance
					due (from)
					/	to Circuit
						-31Aug
						23
Mission	in	Britain Fund	1,240	(1,240)
Property	Fund		1,270	(1,270)
World Mission Fund			925	(925)
Presbyters		and Deacons Fund	890	(890)
Training	Fund		200	(200)
)MA			1,773	(1,773)
Total			6,298	(6,298)