2023-08-31-accounts - Wesley Methodist Church

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North Cheshire Circuit		Circuit No
Ministers	Revd J Neil Stacey
	Deacon Suzanne Sale
Stewards	Mr Michael Haynes
	Mrs Heather JWalker
	Professor David Clough
	Dr David Acquaye
	Ms Sarah Pearson
Church Treasurer	Mrs Shirley Stacey

PENDIX A: CHURCH COUNCIL MEMBERS	PENDIX A: CHURCH COUNCIL MEMBERS	PENDIX A: CHURCH COUNCIL MEMBERS	PENDIX A: CHURCH COUNCIL MEMBERS	HIP (i	.e. MANAGING TRUSTEES):	from 1.9.22to	date
MEMBERSHIP CATEGORY					NAME (asat 1.9.22)	CHANGES	SINCE 1.9.22
Ministers					Revd Neil Stacey
					Deacon Suzanne Sale	Appointed	1.9.22
Church Stewards					Michael Haynes	Resigned	31.8.23
					Heather Walker
					Prof. David Clough
					Dr David Acquaye
					Sarah Pearson
					Dr Heather Pearson	Appointed	1.9.23
Church Safeguarding			Co-ordinator		Jane Krause
Church Treasurer					Shirley Stacey
Secretary ofChurch		Council			Leyland Haynes
Admin. Committee		Secretary			Brian Heald
Property Steward					Stephen Bowden
Secretary of Pastoral			Committee		Gillian Langrick
Junior Church Liaison
Circuit Steward Representative					Gill Townsend
Not less than 6and		not more than 15		1.	Helen Haynes
representatives	elected by the annual			2.	Malcolm Pearson
General Church	Meeting			3.	Andrew Ramsey
(who are members		ofthe Church)		4	Dr Derek Fry
				5.	Julie O' Connell	Resigned	2.7.23
				6.	Laura Etheridge	Resigned	2.7.23
				7.	Angela Macquiban
				8.	Jeremy Heald
					Chris Royton
				10.	Terry Green
				11.	Pauline Goodlad
				12.	Dr Mark Gant	Appointed	2.7.23
				13.	Denise Kingsnorth	Appointed	2.7.23
				14.
				15.

					Notes to	General	Fund		Designated	Designated	Endowment	Total	Total
					the	Unrestricted			Funds	Funds	Funds	2023	2022
					accounts			Unrestricted		Restricted
Income
Income relating tothe Church					4	106,416				321	10,000	116,737	157,875
Fundra ising Income					5	28,665						28,665	22,216
Interest & Investment Income					6		5,466					5,529	1,206
Income supporting	the Mission of		the Church		7		2,290			6,673		8,963	6,520
Other Charitable	Income				8		3,545					3,545	3,780
Other Income					9	39,189						39,189	36,988
Trading Income					10	66,510						66,510	52,258
			Totai	income						7,056	10,000	269,138
Expenditure
Expenditure relating to the Church					11	131,973			16,567			148,540	302,134
Fundraising Expenditure					12		7,977					7,977	6,596
Interest & Investment costs							556					556	528
Expenditure on the Mission ofthe			Church		13		5,015					11,948	6,192
Other Charitable	Expenditure				14		7,115		852			7,966	7,520
Other Expenditure							1,546					1,546	1,333
Depreciation					20		604					604	934
Trading Expenditure					15		61,319					61,319	50,900
		Total expenditure							17,918	6,433		240,456	376,138
Gains/(losses) on	monetary investments											369 -	986
Gains/(losses) on investment		properties
	Net income/(expenditurej								17,918		10,369	29,051 -	96,281
Transfers between	funds				16		3,149		3,149
Gains/(losses) on	Fixed Assets				20
	Net movement			infunds			39,125	-	21,067		10,369	29,051 -	96,281
Total funds brought forward						788,531			132,121	6,593	18,470	945,714	1,041,996
	Total funds carried forward					827,656				7,216		974,765	945,714

						Notes to the	General Fund	Designated	Designated	Endowment	Total	Total
						Accounts	Unrestricted	Funds	Funds	Funds	2023	2022
								Unrestricted	Restricted
Fixed Assets						20
Church building and other		property					754,143				754,143	754,747
Investment properties
Investments						23				28,840		18,470
			Totalfixed		assets		754,143				782,983	773217
Current Assets
Debtors and prepayments						21	17,040				17,040	16,679
Stock							1,359				1,359	707
Central Finance Board	Deposits							143,147	4,958		148,106	135,128
Cash at Bank and in hand							58,972	32,094	2,258		29,137	25,346
		Total current			assets			111,054	7,216		195,641	177,860
Current llabllltles
Creditors (under 1yr)						22	3,452					4,840
	Total		current	liabilities			3,452				3,452
Net current			assets/liabilities				73,920		7,216		192,190	173,019
Total assets less			current	liabilities				111,054	7,216		975,173	946,236
Provision for liabilities												522
				Net	assets		827,656		7,216		974,765	945,714
Fundsofthe Church
General Fund (Unrestricted)							827,656				827,656	788,531
Designated Funds (Unrestricted)								111,054			111,054	132,121
Total		Unrestricted			Funds						938,710	920,651
Restricted Funds									7,216		7,216	6,593
Endowment Funds										28,840		18,470
			Total		Funds		827,656	111,054	7,216		974,765	945,714

		2023
Statement ofcash flows
Cash from operating activities
Net cash used in operating activities,	as below	16,065
Cash flows from investing activities
Dividends, interest and rents from investments		10,703
Purchase ofproperty, plant and equipment
Acquisition/disposal of Investments		10,000
Net cash provided by investing activities
Cash flows from financing activities
Transfer between funds
Net cash used in financing activities
Change in cash and cash equivalents	in the reporting period	16,768
Cash and cash equivalents at 15eptember 2022		160,474
Cash and cash equivalents at 31August 2023		177,242
Reconciliation ofnet income to net cash flow from operating activities
Net income for the reporting period	(per SOFA)	29,051
Adjustments for:
Depreciation and amortisation charges
Dividends, interest and rents from investments		10,703
Gains/(losses) on investments		369
Decrease/(increase) in stocks		652
(Increase)/decrease in debtors		362
Increase/(decrease) in creditors		1,389
Increase/(decrease) in long term liabilities		115
Net cash used in operating activities		16,065
Analysis ofcash and cash equivalent
Cash in hand and bank balances		29,137
Short term deposit (less than 3months)		148,106
Total cash and cash equivalents		177,242

General	Fund	Designated	Designated	Endowment	Total	Total
Unrestricted		Funds	Funds	Funds	2023	2022
		Unrestricted	Restricted
					E	E
103,014					103,014	102,232
	3,377			10,000	13.377	23,418
						26,693
			321		321	583
	24				24	4,949
106,416			321	10,000	116,737	157,875

General	Fund	Designated	Designated	Endowment	Total	Total
Unrestricted		Funds	Funds	Funds	2023	2022
		Unrestricted	Restricted
f					E	f
28,353					28,353	22,057
	312				312	159
28,665					28,665	22,216
General	Fund	Designated	Designated	Endowment	Total	Total
Unrestricted		Funds	Funds	Funds	2023	2022
		Unrestricted	Restricted
	4,826				4,826	705
	640		63		703	500
	5,466				5,529	1,206

8	Other Charitable	Other Charitable	General	Fund	Designated	Designated	Endowment	Total	Total
			Unrestricted		Funds	Funds	Funds	2023	2022
					Unrestricted	Restricted
	Donations			3,545					3,780
				3,545					3,780
9	Other Income		General	Fund	Designated	Designated	Endowment	Total	Total
			Unrestricted		Funds	Funds	Funds
					Unrestricted	Restricted
									f
	Lettings			33,115				33,115	31,250
	Wayleaves	and licences		5,668				5,668	5,668
	Other			406				406	70

General Fund	Designated	Designated	Endowment	Total	Total
Unrestricted	Funds	Funds	Funds	2023	2022
	Unrestricted	Restricted
f
66,510				66,510	52,258
66,510				66,510	52258


Expenditure		relating to th	e	Church	General	Fund	Designated	Designated	Endowment	Total	Total
					Unrestricted		Funds	Funds	Funds	2023	2022
							Unrestricted	Restricted
Assessment		tothe Methodist		Church	65,311					65,311	65,756
Utilities					12,699					12,699	12,179
Cleaning						9,910				9,910	9,244
Insurance						5,426				5,426	5,179
Maintenance						8,567	14,325			22,892	14,200
Methodist	Church Pension Contribution										35,000
Office						2,079				2,079	10,669
Organ Restoration							2,242			2,242	131,667
Project Regenerate
Reopening	Expenses/Church		Centre			18,531				18,531	6,262
Other						9,451				9451	11,978
Total					131,973		16567			148,540

12	Fundraising	Expenditure		General	Fund	Designated	Designated	Endowment	Total	Total
				Unrestricted		Funds	Funds	Funds	2023	2022
						Unrestricted	Restricted
	Concerts				7,977				7,977	6,596
	Other
					7,977				7,977	6,596
13	Expenditure	on the Mission	ofthe Church	General	Fund	Designated	Designated	Endowment	Total	Total
				Unrestricted		Funds	Funds	Funds		2D22
						Unrestricted	Restricted
	Mission Development
	Benevolent	activities					1,227		1f227
	Work with	the disadvantaged			100		5,206		5,306	1,364
	Work with	Children			4,915				4,915	4,439
	Church Fellowships
	Other
	Total				5015		6,433		11948	6,192
14	Other Charitable Expenditure			General	Fund	Designated	Designated	Endowment	Total	Total
				Unrestricted		Funds	Funds	Funds	2023	2022
						Unrestricted	Restricted
	Donations	to Charities			3,545	852			4,396	3,780
	Donations	to the Methodist	Church		3,570				3,570	3,740
					7,115				7,966	7,52D

15	Trading Expenditure		General	Fund		Designated		Designated	Endowment	Total	Total	Total
			Unrestricted			Funds		Funds	Funds	2023		2022
					Unrestricted			Restricted
			f							f		f
	Wesley Coffee Bar		61,923							61,923		51,834
			61,923							61,923		51,834
			The expenditure			represents	the	total supply,	wages and administration		costs ofWesley
			Coffee Bar.
16	Transfer Between Funds		General	Fund		Designated		Designated	Endowment	Total		Total
			Unrestricted			Funds		Funds	Funds	2023		2022
						Unrestricted		Restricted
			f							f
	To General Fund (unrestricted)			8,779							8,779
	To Designated Funds (unrestricted)					5,630					5,630	55,439
	To Designated Funds (restricted)
	From General Fund (unrestricted)			5,630							5,630	25,439
	From Designated Funds (restricted)											30,000
	From Designated Funds (unrestricted)					8,779					8,779
				3,149	-	3,149
17	Payment to Trustees									2023		2022
	Payments made to trustees for additional
	services provided tothe Church	by
	agreement with the Church Council Meeting
	Number oftrustees who were paid expenses
	Total amount paid									1,180		1,210

18	Feesfor examination oraudit ofthe	accounts		2023	2022
					f
	Independent examiner's or auditors'	fees for reporting	on the accounts	1,550	1,440
19	Paid employees				2022
	Staff Costs paid during the year were:			f	f
	Gross wages, salaries and benefits in kind			68,968	58,123
	Employer's National Insurance costs			0	0
	Pension costs			2,668	2,621
	Total staff costs			71,636	60,743
	Average number ofstaff employed	during the year were:

Church (non	Other non	Investment	Other fixed	Fixtures,	Total
investment)	investment	properties	assets	fittings and	2023
land and	land and	(land and		equipment
buildings	buildings	buildings)
750,000			2,000	37,808	789,808
750,000			2,000	37,808	789,808
				35,061	35,061
				604	604
				35,665	35,665
750,000			2,000	2,747	754,747
750,000			2,000	2,143	754,143

General Fund	Designated	Designated	Endowment	Total	Total
(Unrestricted)	Funds	Funds	Funds	2023	2022
	(unrestricted)	(restricted)
16,671				16,671	16,328
370				370	351
17,040				17,040	16,679

					Description			Total	Total
								2023	2022
Methodist	Insurance				Insurance	policy premiums		5,426	5,179
North Cheshire Methodist			Circuit		Annual Assessment			65,311	65,756
Methodist	City Centre	Network			Donations			50	50
Action For	Children				Donations			156	193
All We Can					Donations			2,003	681
Fund for Support of Presbyters				8 Deacons	Donations
Methodist	International	House			Donations
Fund for World Mission					Easter Offering
Fund for World Mission					Annual Stewardship		grant	2,520	2,640
Mission in	Britain				Annual Stewardship		grant	630	660
Fund for Property					Annual Stewardship		grant	420
Methodist	Church Pension		Fund		Donation				35,000
								76,804	110,598