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2022-08-31-accounts

**Wesley ** Methodist
Church, Chester
**Registered Charity - Registration ** number 1138016 I
I North Cheshire Circuit Circuit No I 11/1 I
Ministers Revd J Neil Stacey
Stewards Or Mark Gant
________
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Mrs Heather J Walker
______~~~~~~~~~ £?~~i~_~!().L!~~ _
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Ms Sarah Pearson
Church Treasurer Mrs Shirley Stacey

MEMBERSHIP CATEGORY MEMBERSHIP CATEGORY MEMBERSHIP CATEGORY NAME (as at 1.9.21) CHANGES SINCE 1.9.21 CHANGES SINCE 1.9.21
Ministers Revd Neil Stacey
Revd David Goodwin Resigned 31.8.22
Church Stewards Dr Mark Gant Resigned 31.8.22
Michael Haynes
Heather Walker
Prof. David Clough
Dr David Acquaye
Sarah Pearson
Church Safeguarding Co-ordinator Jane Krause
Church Treasurer Shirley Stacey
David Jacques (assistant) Resigned 30.9.21
Secretary of Church Council Leyland Haynes
**Admin. Committee ** Secretary Brian Heald
Property Steward Stephen Bowden
Secretary of Pastoral Committee Gillian Langrick
Junior Church Liaison lan Evans Resigned 10.02.22
**Circuit Steward ** Representative Gill Townsend
**Not lessthan 6 ** and not more than 15 1. Dr Hazel Erskine Resigned 21.9.21
representatives elected by the annual 2. Helen Haynes
**General Church ** Meeting 3. Dr Heather Pearson
(who ore members of the Church) 4. Malcolm
Pearson
5. Andrew
Ramsey
6. Dr Derek Fry
7. Julie Q'Connell
8. Laura Etheridge
9. Angela Macquiban
11. Jeremy Heald
12. Chris Royton
13. Terry Green Appointed 26.6.22
14. Pauline Goodlad Appointed 26.6.22

Jllomsto General Fund General Fund Designated Designated Endowment Total TDtal
the Unrestricted Funds Funds Funds 2022 2021
account; Unrestricted Restricted
£ £ £ £ £ £
Income
Income relatingto
the		 Church 4 115,492 - 42,383 - 157,875 127,080
Fundraising Income 5 22,216 - - - 22,216 8,584
Interest
& Investment		 Income 6 1,152 - 54 - 1,206 734
Income supporting
the		 Mission ofthe Church 7 2,304 1,030 3,186 - 6,520 1,094
Other Charitable
Income		 8 3,780 - - - 3,780 5
Other Income 9 36,988 - - - 36,988 16,594
Trading Income 10 52,258 - - 52,258 24,915
Totalincome 234,190 1,030 45,623 - 280,843 179,007
Expenditure
Expenditure
relating to the Church		 11 135,467 93,019 73,648 - 302,134 117,703
Fundraising Expenditure 12 6,596 - - - 6,596 3,669
Interest & Investment costs 528 - - - 528 371
Expenditure
on the Mission ofthe		 Church 13 5,048 500 644 - 6,192 3,902
Other Charitable
Expenditure		 14 7,520 - - - 7,520 3,651
Other Expenditure 1,333 - - - 1,333 481
Depreciation 20 934 - - - 934 1,603
Trading Expenditure 15 50;900 - - 50,900 34,388
_Total _ expenditure 208,327 93,519 74,292 - 376,138 165,769
Gains/(Iosses) on monetary investments - - - - 986 - 986 2,421
Gains/(Iosses)
on investment		 properties - - - - -
Net income/(expenditure) 25,863 - 92,489 - 28,669 - 986 - 96,281 15,659
Transfers between funds 16 - 25,439 55,439 - 30,000 - - -
Gains/(Iosses) on Fixed Asset; 20 - - - - - -
Net movement in_funds_ 424 -
37,050		 - 58,669 - 986 - 96,281 15,659
Total funds brought forward 788,107 169,170 65,262 19,457 1,041,996 1,026,336
_Total funds _ carried forward 788,531 132,121 6,593 18,470 945,714 1,041,996

Notes to the General Fund Designated Designated Endowment Total Total
Accounts Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Fixed Assets 20
Church building and other property 754,747 - - - 7$4,747 755,003
Investment properties - - - - - -
Investments 23 - - - 18,470 18,470 19,457
Total fixed assets 7S4,747 - - 18,470 773,217 774,459
Current Assets
Debtors and prepayments 21 16,679 - - - 16,679 16,997
Stock 707 - - - 707 531
Central Finance Board Deposits - 129,447 5,681 - 135,128 257,194
Cash at Bank and in hand 21,761 2,674 911 - 25,346 16,758
Total current assets 39,146 132,121 6,593 - 177,860 291,480
Current liabilities
Creditors (under 1 yr) 22 4,840 - - - 4,840 23,373
TotQl current liabilities 4,840 - - - 4,840 23,313
_Net _ current assets/liabilities 34,306 132,121 6,593 - 173,019 268,107
_Total _ assets less current Nabilities 789,052 132,121 6,593 18,470 946,236 1,042,566
long term liabilities (due after more than one 2Z 522 - - - 522 571
year)
Net assets 788,531 132,121 6,593 18,470 945,714 1,041,996
Fundsofthe
Church
General Fund (Unrestricted) 788,531 788,531 788,107
Designated Funds (Unrestricted) 132,121 132,121 169,170
TotaJUnrestrictedFunds 920,651 957,217
Restricted Funds 6,593 6,593 65,262
Endowment Funds 18,470 18,470 19,457
Total Funds 788,531 132,121 6,593 18,470 945,714 1,041,996

Statement
of cash flows
Cash from operating activities
Net cash used in operating activities, as below - 113,301
Cash flows from investing activities
Dividends, interest and rents from investments 500
Purchase of property, plant and equipment - 678
Acquisitiort/dispcsal
of Investments		 -
Net cash provided by investing activities - 178
Cash flows from financing activities
Transfer between funds -
Net cash used in financing activities -
Change in cash and cash equivalents
in the reporting period		 - 113,479
Cash and cash equiva lents at 1 September 2020 273,953
Cash and cash equivalents
at 31 August 2021		 160,474
Reconciliation of net income to net cash flow from operating activities
Net income for the reporting period (per SOFA) 96,281
Adjustments
for:
Depreciation and amortisation
charges		 934
Dividends, interest and rents from investments 500
Gains/(losses) on investments 986
Decrease/(increase)
in stocks		 176
(lncrease)/decreasein
debtors		 318
Increase/(decrease)
in creditors		 18,533
Increase/(decrease)
in long term liabilities		 49
Net cash used in operating
activities		 113,301
Analysis of cash and cash equivalent
Cash in hand and bank balances 25,346
Short term deposit (less than 3 months) 135,128
Total cash and cash equivalents 160,474

Report to the trusteesJ IWesley Methodist Church
members of I
On accounts for the year !31st August 2022 •
I
Charity no 11138016
ended IL- L- L-
(if any) i		 ~
Set outon pages I 1to 26
I

Income Relating to the Church General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Collections (including gift aid) 102,232 - - 102,232 107,536
Donations 3,293 - 20,125 23,418 5,046
Grants 5,018 - 21,675 26,693 5,992
Regenerate Project 583 583 2,296
Other 4,949 - 4,949 6,210
Total 115,492 - 42,383 - 157,875 127,080
General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
22,057 22,Q57 6,118
159 159 2,466
22,216 - - - 22,216 8,584

Interest & Investment income General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Bank interest 705 705 267
Investment Income 447 54 SOO 468
Total 1,152 - 54 - 1,206 734
7 Income supporting the Mission of the General Fund Designated Designated Endowment Total Total
Church Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Benevolent activities 1,692 1,692 971
Work with the disadvantaged 1,030 1,494 2,524 123
Work with Children 2,127 2,127 -
Church Fellowships 177 177 -
Total 2,304 1,030 3,186 - 6,520 1,094
8 Other Charitable Income General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Donations 3,780 3,780 5
3,780 - - - 3,780 5
Other Income Income General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Lettings 31,250 31,250 1D,903
Wayleaves and licences 5,668 5,668 5,668
Other 70 70
36,988 - - - 36,988 16,571

**10 ** Trading Income Income General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Wesley Coffee Bar 52,258 52,258 24,915
Total 52,258 - - - 52,258 24,915
**Expenditure relating to ** **Expenditure relating to ** the Church the Church General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Assessment to the Methodist Church 65,756 65,756 65,756
Utilities 12,179 12,179 5,265
Cleaning 9,244 9,244 5,667
Insurance 5,179 5,179 4,989
Maintenance 14,200 14,200 13,509
Methodist Church Pension Contribution 35,000 35,000
Office 10,669 10,669 10,043
Organ Restoration 58,019 73,648 131,667
Project
Regenerate		 - 20
Reopening Expenses/Church Centre 6,262 6,262 6,592
Other 11,978 11,978 5,862
Total 135,467 93,019 73,648 - 302,134 117,703
Fundraising Expenditure General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Concerts 6,596 6,596 2,844
Other 825
6,596 - - - 6,596 3,669
Expenditure on the Mission of the Church General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Mission Development -
Benevolent activities 388 388 3,048
Wo rk with the disadvantaged 608 500 256 1,364 804
Work with Children 4,439 4,439
Church Fellowships - 50
Other -
Totat 5,04& 500 644 - 6,192 3,902
Other Charitable Charitable Expenditure General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Donations to Charities 3,780 3,780 5
Donations to the Methodist Church 3,740 3,740 3,646
7,520 - - - 7,520 3,651
15 Trading Expenditure Expenditure General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Wesley Coffee Bar 51,834 51,834 35,992
51,834 - - - 51,834 35,992
16 Transfer Between
Funds		 General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds funds 2022 2021
Unrestricted Restricted
£ £ £ £ £
To Designated
Funds (unrestricted)		 55,439 55,439 12,752
To Designated
Funds (restricted)		 - 1,110
From General
Fund (unrestricted)		 - 25,439 - 25,439 - 108,628
From Designated
Funds (restricted)		 - 30,000 - 30,000
To General
Fund (unrestricted)		 - 94,767
- 25,439 55,439 - 30,000 - - -
17 Payment to Trustees 2022 2021
Payments made to trustees
for		 additional
services provided
to the Church		 by agreement
with the Church Council Meeting
Number of trustees
who were		 paid expenses 2 o
£ £
Total amount
paid		 1,210
18 Fees for examination or audit
of		 the accounts accounts accounts 2022 2021
£ £
Independent
examiner's		 or auditors' fees for reporting on the accounts 1,440 1,800
Adjustment
to 2020 Independent		 examiner's or auditors' fees for reporting on the accounts 516
Other fees (eg: advice,
independent
examiner		 accountancy
or auditor		 services) paid to the Nil Nil
19 Paid employees 2022 2021
Staff Costs paid during the year were: £ £
Gross wages,
salaries
and benefits		 in kind 58,123 44,622
Employer's
National
Insurance
costs		 ° 0
Pensio n costs 2,621 1,365
Total staff
costs		 60,743 45,987
Average
number
of staff
employed		 during the year were: 6 4
Cost or valuation Cost or valuation Church (non Other non Investment Other fixed Fixtures, Fixtures, Total
investment) investment properties assets fittings and 2022
land and land and (land and equipment
buildings buildings buildings)
£ £ £ £ £ £
Balance brought forward 750,000 2,000 37,130 789,130
Additions 678 678
Revaluation -
Disposals -
Transfers -
Balance carried forward 750,000 - - 2,000 37,808 789,808
Accumulated
depreciation
Balance brought forward 34,127 34,127
Depreciation
charge for year		 934 934
Revaluations -
Disposals -
Transfers -
Balance carried forward - - - - 35,061 35,061
Net book value
Brought forward 750,000 - - 2,000 3,003 755,003
Carried
forward		 750,000 - - 2,000 2,747 754,747
Debtors and Prepayments and Prepayments and Prepayments General Fund Designated Designated Endowment Total Total
(Unrestricted) Funds Funds Funds 2022 2021
(unrestricted) (restricted)
£ £ £ £ £ £
Wesley Methodist Church -
Circuit assessment prepayment 16,328 16,328 16,439
Wesley Coffee Bar
Trade Debtors - 215
Prepayments 351 351 343
16,679 - - - 16,679 16,997
Creditors General Fund Designated Designated Endowment Total Total
Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
Creditors (under 1 yr) £ £ £ £ £ £
Wesley Methodist Church
Auditfees 1,440 14440 3,696
North Cheshire Circuit - 16,440
Other 30 30
Wesley Coffee Bar
Trade Creditors 3,010 3,010 2,877
Audit fees 360 360 360
4,840 - - - 4,840 23,373
long term liabilities (due after more than one General Fund Designated Designated Endowment Total Total
year) Unrestricted Funds Funds Funds 2022 2021
Unrestricted Restricted
£ £ £ £ £ £
Wesley Coffee Bar
Deferred Tax 522 522 571
522 - - - 522 571
Change in investment values COIFCharities COIFCharities TMCP Fund TMCP Fund TMCP Fund Total Total
Investment 11226A 11226B 11480 2022 2021
Fund
£ £ £ £ £ £
Market value at beginning of year 15,857 1,671 835 1,093 19,457 17,035
Interest earned 445 41 20 5 510 474
Interest paid - 445 - 36 - 18 - 1 - 499 - 468
TMCPcosts - - 5 - 2 - 3 - 10 - 6
Gains/(Iosses) on investments - 830 - 105 - 52 - - 987 2,421
Market value at end of yea r 15,027 1,566 783 1,094 18,470 19,457

Related Party Transactions Related Party Transactions Description Total Total
2022 2021
£ £
Methodist Insurance Insurance policy premiums 5,179 4,989
North Cheshire Methodist Circuit Annual Assessment 65,756 65,756
Methodist City Centre Network Donations 50
Action For Children Donations 193 -
All We Can Donations 681 -
Fundfor Support of Presbyters & Deacons Donations - 150
Methodist International House Donations - 100
Fundfor World Mission Annual Stewa rdship grant 2,640 2;'73
Mission in Britain Annual Stewa rdship grant 660 644
Fundfor Property Annual Stewardship grant 440 429
Methodist Church Pension Fund Donation 35,000 -
110,598 74,641