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|||**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||||
||________________________**_**_______
~! ~1~~~~1_!:i_~Y_~~~|||_|||
||||Mrs Heather J Walker||||
||______________________________~~~~~~~~~ _£?~~i_~_~!().L!~~|||_|||
||_________________________________~_r_~~y'i~~~~~~_y~|||_|||
||||Ms Sarah Pearson||||
||**Church Treasurer**||Mrs Shirley Stacey||||
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|**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|
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||||||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|
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|||||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|
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|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|
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|Report to the _trusteesJ_|IWesley Methodist Church||||
|---|---|---|---|---|
|members of|I||||
|On accounts for the year|!31st August 2022|•
I
Charity no 11138016|||
|ended|I`L-`|`L-`|`L-`
(if any) i|`~`|
|Set outon pages|I 1to 26
I||||
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|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|
##
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|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|
##
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