THE MEfHODIST CHURCH REPORT AND CONSOUDATED FINANCIAL STATEMENTS (ACCRUALS BAS1 for the year ended 31 August 2024 Wesley Methodist Churth. Chester Reglstered Charlty. Registratlon number 1138016 North Cheshire arcurt Circult No iiii Minlsters Revd J Neil Stacey Deacon Suzanne Sale 5tewanls Heather Walker Dawd Ckiugh Ciavid Acquaye Sarah Pearson Heather Pearson Churth Treasurer Shlrley Sta IIPage
WESLEY MEfHODisf CHURCH, CHEsfER TRUSTEES ANNUAL REPORT TO THE CHARrrY COMMISSION FOR WESLEY METhODIST CHURCH. CHESTER (CHARITY NO. 1138016): YEAR ENDING 31" AUGusf 2024 SECTION I: OVERVIEW REPORT l. Introductl¢ Wesley Methodist Church thester has the worknng name of The Wesley Church Centr2; it Is slmply known as Weslew by many people locally. The charitable objects are those of the Methodist Church, and include commitment to Chrislian service through worshlp. prayer and community Involvement whith provldes significant public benefit, 2. Weslevs Mlsslon Statemert As part of the Methodist Church, Weslews mSsskJn is., ryo prodalm and affirni our convlctlon of God's love In Chrlst far us and for all the world; and renew conlklence In God's wesence and actlon In the world and In th church." The Wesley family is gathered from all over Chester and beyond. Our premises themsel*s form a primary polnt of connertion with each Dther, and our partlcular calling arlses from thelr locallon In the heart of the clty. e are called.. to open the Wesley Church Centre as a resource for all; to encounter and engage wtth people beyond ourfellow5his marglns: and so to make new relationshlps with IndNiduals. group5 and organisations. We aim to create a s aTmth and o enness In which we can: offer h)5pltalSty to those coming into the cty centre sensltively offer friendship. a sense of ljelongirq and pastordl care offer opportunities forworshlpt prayer and refiectl¢n provide opportunitles for personal, social and spirltual develop11rt promote action for so¢lal ju5ce and transfomiation form pathways to en8agement in Chrlstian community and to falth commitment ce 3. Revlew of Wesley Churth Centre Ufe: l# September 2023 to 31° Auwst 2024 3.1 Sunday Worshlp, WeekdayArtivhles and ChUh Llfe Weslevs membership as of I September 2024 was 117. Sunday morning worshlp contlnued throughout the year in a hybrid fomiat l.e. worshlp in the building together online participatlon by Zoom. In the course of the year the average number of people attendlng worship remained consstent. Weslevs junlor Church I'SPLATI'I met occasionally durin8 the year, although numbers continued to reduce. Wesley Is a member of thè national Inclusrve Church Networt preachEs a strong message of inclusion and extends welcome to all. An ecumenical 'Open Table. monthly Sunday evenin8 communlon servlce for the LGYTQIA+ community and thelr supporters continued throughout the year. In August 2024 the first same Sex marriage was celebrated at Wesley. 21P2ge
WESLEY METHODIST CHURCH, CHESTER Sunday evening medltstlve servlces. 'Quiet Space,, 3150 took a¢e monthty throughout the year. A number of mldweek blble studie5. fellowship meetin8s, disCU55ion groups and other learning opportunltles took place throu8hout the year. Revd Clalre Heald contlnued to Cowordinate the Wesley pastordl care team durfng the year wrth telephone calls and visits belng made where needed. 3.2 Centre Actlvltles 32.1 To Open the Wesley Churth Centre as a Resource for All Wesley continued to be valued as a placeof hospitslitywhere conversatlon is alway5 POS5ible and wherefriendshlps Can be made. The Café run by Wesley Coffee Bar (We51e$ related Ilmited by guarantee. company) continued to be the heart of Weslevs 'Open Doorf. Tuesday to Saturday. The FairTrade Shop njn by Chester Fair Trading Limited also played an important part In Wesley's community outreach and offering to visitors. Wesley is a Fair Trade Church. so Is commrtteé to uslng frdirtrade goods wherever reasonab practlcable. The number of people coming into the building durlngthe w8ek and those attending events has steadlly Increased. The Centre has been used by a wide range of organlsatlons and community groups for many years; and during the year the numkr of letdngs has also gradually increased. 3.2.2 To Encoura8e and En¥a8e wlth PeWe BeyoThl Our Fellowsh15 Marylns 'Music at Weslev once a8aln ran 45 Tuesday lunthtime concerts between eady September and mld July. together with 10 Saturday organ events and recitals and l evenlng orchestral concert in the year. The average concert attendance thls year rose to 115. Wesleywas alsothe venue for concertsgiven bythe Chester Bach Slngers, Chester Festival Chorus and an Icelandlc choir. Two plays were a150 performed at Wesley durlng the year to large and appreciative audiences: The Mistake, by Mlchael Mears about the Hiroshlma atomic bomb In September2023 and The Beloved Son, by Murraywatts about the Ilfe of Henri Nouwen. performed by Andy Harrison. in May 2024. Community Bread Maklng sesslons continued on Mondaysi oanISed by the c04)perative social enterprise'Bread Togetherf. in partnership with Wesley. As well as making bread these Sessions provide much-valued opportunitles for people to rneet and build confidents, not least for those with a range of needs. On a number of Wednesdays In the year addit*Jnal breadmaking sessions were held for a 5UPPOrt group for autlsticlneurodiverse adults. The Wesley Crèche sessions continued on Thursday and Frfday mornlngs. together with a Wesley run parent & toddler group on Wednesday mornings. 3.2.3 To Mak• New Relationships wlth Indmduals, Groups and (kianlsatlons Meet-up sessions for Ukrainian guests taking refuge from the war in Ukraine and thelr local hosts contlnued at Wesley monthly on Saturday aftemoons untll Febnjary. The sessions were run by Wesley volunteers and Included the provisbn of refreshments. clothin& and tThletries a5 well as craft actfvlties ft)rthe adults. games forthe children and an opportunlty to meet and make COnnect)ns. Art classes and Ukralnian language classe5 for young chlldren ran for a few weeks longer. Ukralnian charityfundraislng events tc4)k place in October, December and August. The needs of Ukralnian refugees have changed since this work Ilrst began. The Wesley community has continued to be In touch with Ukrainian friends and has 5UPPOrted dlfferent Inltlatives as a slgn of our commhment to them. 3jPage
WESLEY MEfHODIST CHURCH. CHEsfER 3.3 Churth Premlse$ A new licence (agreed in August 20231 was completed in september with the Trustees for Methodist Church Purposes and Cheshire West and Chester Councll, for a period of up to 3 years commencing on 14" August 2023. The licence pemiits the continued presence and use of the scaffolding erted in 2020 behind the ehurth to support the collapsed sectSon of the city walls, to carry the diverted clty walls walkA¥ay and to facllltate the essentlal clty walls repalr. In June Wesley Church Councll approved a £48,4CKI project to install solar panels on the south faclng section of worship area roof togethèr with bdttery storage, and to replace the Church Centre windows fronting Stlohn Street wlth double glazed windows. In addition to general repairs and regular equlpment servicin& the followin8 prolects were carrled out durfng the year,, Extemal redecoratlon of the Wesley Church and Church Centre frontage to St John Street. Completion of the replacement of all regulady used light flttings in the Church Centre with LED lightln8. Insulation improvements made to the crèche room ceiling and boiler room fittings. Wesley achleved the A Rotha UK Silver Eco Church Award on 30 January 2024. bed on the work spearheaded by Weslevs Eco Group. 4. Future Plans Full implementation of the solar panelldouble glazlng Improvement project is the maln property prlority for 2024125. Having achieved the 511ver award In 2023124 we are continuing to work towards the achievement of a gold award from the A Rocha organisation as an Eco Church. and are hoping to become a recognised 'Church of Sanctuarf In 2024125. Following the 'Shaping our Future, consultation, a number of areas for further exploration and developrnent were identified,. and in 2024125 we wlll be trfalling some new initiatives to addrEss these. 5. Concluslon We have been pleased to see a consolidation of attendantes. both in worship and in mldweek artivitles, durlng the year. We continue to look for and develop partnership5 Wtth other churches and organisatlons in the c1ty and beyond, and hope in the course of 2024125 to discern further priorities for creatfve and sustalnable m155ion. 41Page
WESLEY MEfHODisf CHURCH. CHESTER SECTION 2: TRUSTEES ANNUAL REPORT ON HNANCE AND GOVERNANCE 2.1 BASIS OF PREPARATION AND LEGAL FRAMEWORK OF ACCOUNTS Wesley Methodist Church, Chester Is a church wtthin the Methodist Connexion In Great Brftsln 2nd these ateounts are prepared in accordance with the constitution, practlce and discipline of that Church. The financial statements have been prepared under the Charitles Act 2011 in accordance wfch the AoUntIng ond Reportlng by Charitie5.' Statement of Recommended Prartire (Churltles SORP (FRS102JJ applicable to charities preparing thelr accounts in attordance wlth the Financial Reporting Standard forsmaller Enttties appllcable Inthe UK leffertive from l January 20151, the Financial Reportlng for Smaller Entities leffectlve l January 20151 and the Charities Act 2011. The accounts relate to the Church and its various organisations and its wholly owned subsldlary and related company. Full Name of Charlty / Church.. Wesley Methodlst Church. thester Re8iStratlon Charlty Nurnber: 1138016 Date of registration- 15th Seplember 2010 Maln communication address: Wesley Methodkt chur St John StreeL Chesler CHI IDA The members ofthechurch Council of Wesley Methodist Churth, Chester arethe CharityTrustee5. The membershlp is made up of Clrcuit Ministers. thurth office holders and representatives appointed by the church at the Annual General Church Meetlng. The full list of Church Council members. IncSudlng thanges durlng the fi¢11 year. are shown a5 Appendix A to thls report. Treasurer.. Mrs Shlrley Stacey Independent Examiner. ClearAc¢ountsry (lfia Nira Smtth kntsl Ltd Investment Bankers: Centr31 Board of the Methodlst Churth, Trustees for Methodtst Church Purposes 51Page
WESLEY METHODisf CHURCH. CHESTER 22 GOVERNANCE Za.1 Alms and oryanlsailon As registered with the Choiity Commlsslon (Charity no. 1138016J.' Wesley 15 a Chrlstlan falth community offerin8 regular Christian worship and communlty hospitallty through Its prem15es during the weel Including art5 and muslc events and exhibff(ions, cafe facIles Ivla Its afflliated company, Wesley Coffee Barl. crèche and toddler groupsi communlty bread making sessions and lettin8S to a variety ot local groups. 22.2 Purposes ol ihe mhodISt Chunh The purposes of the Methodlst Church tffe Gndshtsll be deemed to huve been slnce the Drte of Unlon the advoncementof. a) The Chr15tian faith In accordance with the doctrlnal standards and di5clpllne of The Methodist Church: bl Any charitsble purpose forthe time belng of any Connexional, Distri¢ Circuit, local church or other organis3tion of The Methodlst Church,. cl Any charits1e purpose forthe tlme belng of 4ny soclety or inslitution subsidiary or anclllaryto The Methodtst Church,. dl Any purpose for the time beln8 of any charity beln8 a charity subsidiary or anclllary to The Methodlst Church 22.3 Main artlvltles of the churth Wesley Methodist Church engages In a wide ronge of urtivitie5 oimed ot both its own members and the wlder communlty." The celebration of God's love in worship and prayer. The organisation and resourdng of regular publlc acts of worshlp which aim to be open and accesslble to all. The teachlng of Chri5tianitythrough semions, courses and small groups. The conduct of baptisms. wedding5 and funerals. The resourclng of pastoral work Induding visrtlngthe sick and bereaved. Taking religlous as5emblles in Ic1 school5. Promotlon of Chrtstlanty through the stsglng of events and seNces. Provislon of hospitality throughout the week through the Wesley Café. Provlsion of regular lunchtime and evening concert5 and arts artNitles and events. Provision of community bread making sessions. Hostlng of crèche and toddler Brou. Provision of facilities for various organlsatlons and communlty group meetlngs. 2.2.4 Publlc Benefit We confirm that the trustees have had rer to the charity COMM10n.$ guldance on public benefit which has been dellvered in the areas of rèligious worship. communlty support. and othercharltable activities. 2.2.5 Structure. Governance and Management The goveming document for the thurth 15 the Deed of Union119321 and Methodlst Church Att119761. Detalled governance arrangements are outllned within the Constttutlonal Practice and Discipline of the Methodlst Church by ordèr of the annual conference ICPDI. Day to day management of the church Is undertaken by the Church Leadershlp Team which b made up of the Church Stewards, Treasurer and the Ministers. 61Page
WESLEY MEfHODIST CHURCH, CHESTER Some of the Trustees are appointed ex officio as circu Ministers and the others are appointed as church role holders and a5 representatives by the annual Genernl Church Meetlng. 2.2.6 Trustee Tralning A range of guidance produced by Methodlst Connexion to supwrt the effectlve Nnnlng of the church and the role of Tru5tee515 given to the Church Trustees at variou5 meetings and/or tralnlng sesslons. 2.2.7 Related P•rtles The Churchls part of the North Cheshlre Methodist Clrcuit which 15 Part of the Cherter & Stoke-on-Trent Methodlst Dlstritt and Is also accountable to the Methodlst Conferen. Z2.8 Rlsk Management The malor risks have been identrfied and recorded by the Trustees with professional advlce tsken as requlred. There is a regular annual revlew process undertaken and recorded. Income and Expenditure Is belng monltored in totsl and És compared wlth ihe approved annual bud8et on a regular basi5 to detect trends as part of the risk management process to avoid unforeseen c311s on reserves. 22.9 Safeguardln8 The Methodist Church, olong with the whole Chri5tlon communlty. believes eoch person has u vulue and dignlty whlch comes dFre¢ttyfrom God's creation in Gods own irnage Grnd Ilkenes& Christion5 See thts potentlal asfvlfAlled by God's rfrcreotion of u5 In Chnst. Among other things this implies o duty to value ¢711people t75 bearlng the Imoge of God ond therefvre to protect thtmfrom homi. Methodlst Connexional practlce outlines commltment to the followin8 principles: The care and nurture of. and respertful pastoral mlnistry with. all children, young people and adults. The safeguarding and protectlon of all children, young people and adults when they are vulnerable, The èstablishing of safe, carlng communfcies whlth provide a loving environment where there is informed vlgllance as to the dangers of abuse. We wlll carefully select and train all those wlth any responslblltty wlthin the Church, In line wlth Safer Recruitment principles, includlng the use of criminal recerds disclosures and re8iStratlon wlth the relevant vettlng and barring Schemes. We wlll reswind withoLrt delay to every complainl made whleh suggests that an adult, child or young person may have been harmed, cooperatlng wlth the police and local authorlty In any investigation. We will seek to work wlth anyone who has suffered abse, developing wlth them an appropriate mlnistry of informed pastoral tare. We will seek to challenge any abuse of pjwer, especially by arbyone in a position of trust. We will 5eekto offer pastoral care and supporL Includlng supervision and referrdl to the proper athhoritles. to any member of our thurth community known to have offended against a child, young person or vulnerdble adult. In all these prindpleswe wlll follow le81slation, guldance and recognised giK>d practlce Wesley Methodist church. Chester commits Itself to ensuring the implementstlon of Connexlonal Safeguardlng Policy,. government leBlslation. guidance and safe pracknce In the circuit and in the churche5. Wesley Methodist Church, Chester commlts itsew to the provision of support. advice and trainlng for lay and ordalned people that wll ensure people are dear and confident about thelr roles and SPOnsIbl1111eS in safeguardlng and promoting the welfare of chlldren and adults who may be vulnerable. 71Page
WESLEY MEfHODisf CHURCH. CHESTER 2.2.10 ReseThes Pollcy The Reserve5 Pollcy for the Church is to alm to hold a minimum Sum In the General Fund equivalent to 6 month5. non-discretionary expendlture based on the followlng yearf5 budget. This should be sufficlent to meet unforeseen items of expenditure and/orto be able to continue, in the shortterm. funding planned attltIeS In the event of any Inablllty to raise the full expenses including the a55e55ment payable to the Methodist Circuit. A separate and more detailed Reserves Policy document, updated annually. covers the poliry of bullding provisions in contlngenry funds to cover for known major expenditures le.g. Church Centre flat roof replacement) that are likely to be requlred in the next 5 year5. Slgned on behalf of the Managing Trustees of Wesley Methodist church. Chester Name: Revd J N Stacey Role: Chalr of the ManaglngTrustees of Wesley Methtsjlst Church, thester Signature: Date: 18, May 2025 Name.. Mr L Hayne5 Role.. Secretary of the ManaBingTrustees of Wesley Methodist churc Chester Signature.. Date.. 18, May 2025 81Page
WESLEY METhODIST CHURCH, CHESTER APPENDIX A: CHURCH COUNaL MEMBERSHIP11.e. MANAGING TRilSfEES): from 1.9.23 to date MEMBERSHIP CATEGORY NAME {as at 1.923) CHANGES SINCE 1.9.23 Mlnlstsrs Revd Neil Stacey Deacon Suzanne Sale Church Stewards Heatherwalker Davtd Clough David Acquaye Sarah Pearson Heather Pearson Denise Klngsnorth Helen Johnson Appolnted 1.9.24 Appointed 1.9.24 Church Safe8uardlr6 C04>rdlnator Jane Krduse Church Trea5ur•r Shirfey Stacey Secretsry of Churth Coundl Leyland Haynes Admln. Cornmlttèe Secretsry Brian Heald Prnperty Steward Stephen Bowden lan Evans Glllian Lansrick Reslgned 22.1.25 Appolnted 22.1.25 Secretary ot Pastoral Committee Junlor Church Llalson arojlt Stèward Representa Gl51 Town*nd Not les5 than 6 and not more than 15 repre5entstives elerted bythe annual General Church Meetlng (who are members of the Church) Helen Haynes Malcolm Pearson Andrew Ramsey Derek Fry Angela Macqulban Jeremy Heald Chris Royton Tery Green Paullne Goodlad Mark Gant Mlchael Haynes 13n Evans Reslgned 14.7.24 Resigned 14.7.24 io. ii. 12. 13. 14. 15. Appolnted 14.7,24 Appointed 14.7.24 IAppolnted Property Steward 22.1.251 91Pagc
WESLEY MEfHODlSf CHURCH. CHESTER 51MThtdFthMTrddAth411uixbwforth•¥rffidedj1AStxQI rotsl knds Funds Incorno Inttme to the Chwch Funthlsln8 IKrrfne Intew4t & Investment Incrrfn2 Incomè Mssfjc ofth Cluth otherth3dtstrAe InttffiÈ Otr Incon Trdolr4 IKc4ne 15D IOE.737 655 .5Z9 4454 ¥A54 4155 64510 Ewndlthvo Expendlture ts) the Chl ra15iw E>¥endlture Interest & Mvestrnentecéts Expendibjre the MLFslcn ofthè Other CharitaE4e Expendtur Other L¥penthlure DeprEclaU TraJn6 11918 741 LH6 7Q 6¥319 |Nlllosseslon monetarylnvestriiwts GalrtslllSeS) ITTserrttwopert1e5 765 24tsi $fEtsbee¢rnfds G31nsll1055e51 Enr¢dAS%ets Totsl fund5 827.E6 7,216 941714 437 The SlaternerttoF Flnanda A¢twties ind$ all 8airth wdlosses r2cagn15ed nthear. IlnLcthe expEndedevefroMovnUIWxttVJeS. IOIPage
WESLEY MEfHODIST CHURCH. CHESTER Ilot•itothi Fur IKedssets Churchbulldlniwl otsr In¥stmentpropertles 74143 Dpbtors wdpr8poyments Stod¢ CehtrJl Flnm 8o¥d Cposlts Cash at8ankandlnhanil 17.C40 179PA L477 Z792 29.137 6U 27& Credltor5 lunderl>T) 1452 791 ITJ FundFofthF¢hu ne Fund IUnre5trictedl IatedFud$lLkVp5tr8d1 827,65 li Re5tllcted Fut$ Endowment Funds ThE Hnandal strnts Yre yroved by the Tru5teÈS and aLthcrfsed lor IssueN 18th KY2fiaTrj are dOnlI110f theN&naOn8ThJ5tee5 by Rel14e11Si 11 |Page
WESLEY MEfHODIST CHURCH, CHESTER Cash fl¢)w statementforthe year ended 31Awth20Z4 Statement of cash IIOTAS Cash frorn operntlng actlvltles Net cash used in operating activltles. a5 below 81259 Cash Ilows from Investlngactmtles Dlvldends, interest and rent5 from Investments Purchase of property, plant and equipment Acouisitionldisposa l of Investments Net cash provlded by Inve5tln8 aclfvltles 11564 1¥325 L239 Cash IIow5 from flnan£lry acuvltles Transfer between fund5 Net cash used In find xtmtles Charye In cash 4nd cash equlYaleThts In the reportlng perfod Cash and cash equivalents at Iseptsmber 2023 Cash and cash equivalents at 31 August 2024 177,242 259,740 Reconcill*lon of net Income to net C3sh flowfrom operatlng thtles Net income for the reporting period IperSOFA} Adjustments for. Depreclation and amortisatlon charEes Dividends. interest and rents from investments Gains/l105sesl on investments Decrea5ellincreasel in stocks Ilncrea5el/detrease In debtor5 Increa5e/(decrease} in creditors Increa5e/{decrease} in long tem liabilities Nel cash used In operatlng a¢tivltie5 8L6n 281 12.564 17 IL357 53 Any51S of cash and cash Equlvalent Cash In hand and bank balan5 Shortterm deposit Iless than 3 months) Totsl Cash and cash equlvalents 38.263 22L477 121Pag¢
WESLEY MEfHODIST CHURCH. CHEsfER DECLARATIONS Tleasurer I conflnn that I have prepared the accounts from the records of the Church and that they Include all funds under the control of the ManagingTrustees of Wesley Methodist Church, Chester. Signature of Treasurer Name Address S Stacey 35 Vlncent Drive, Westminster ParL Chester. CH4 7RQ Presenmlon to the Managln8 Trustees at a Church Cnl Meetkn8 for Apwoval I confirm that the Accounts were presented to the Managlng Trustees at a Churth Councll Meeting and were approved on 18 May 2025. Signature of Chair of meeting Name Date Revd J N Stacey 18 May 2025 TRUSTEES RESPONSIBIUTIES Thè Trustees are responsible for preparlng the Trustees, rew>rt and the flnanci?I statements in accordance wlth appllcable law and United ngdoM Accounting Stsndards (United ngdoM Generally Accepted Accounting Practlcel. The law applicable to charltles in Englané and Wales requlres trust to prepare financlal statements for each financial year which give a true and fair view of the 5tste of affalrs of the charity and of the iniomlng resources and applic£tion of resources of the charity for that perfod. In preparlng these finandal ststèments, the trustees are requlred to,. select sultsble accounting pollcles and then app them conslstentlyi Observe the methods and principles In the Chartties SORP; Make judgements and estimates that are reasonable and prudent,. state whetherapplicable accounting standards been folbwed, subjectto anymaterlal departures disc105ed and explained In the flnancial statements: Prepare the financial statements on the ongoing concern basis unless It Is inapproprlate to presume that the Church will contlnue in operadon. The Trustees are responsible for keeping properaccounting records which dlsdose wilh reasonable accuracyal any tlme the flnan¢ial posltlon of the Church and to en31e them to ensure that the financlal statements comply wlth the Chadtles Act 2011 and Its c0Tr5tltution. They aro also resFonsible for Safeguarding the assets of the Church and hence for taknng reasonable steps for the preventlon and detection of fraud or other irregularities. STATEMETrif OF DISCLOSURE TO THE INDEPENDEKf EXAMINER al Sofar astheTru5tees are aware. there is no relevant infomiatlon of which the Independent examiner Is unaware and; bl The Trustees have tsken all the steps that ought to have been taken as trustees In order to make themselves aware of any relevant Infomiation and to establish that the Independent examiner Is aware of that information. s stacey Treasurer 18 May 2025 Wesley MethDdi5t Church St John Street Chester, CHI I DA th 131Page
WESLEY MEfHODisf CHURCH, CHESTER CHARITY COMMISSION Independent examlnefs report on the account$ Section A Iiitlependent Examinerfs Report Rgport to thw We3Y MetlK¥#ist Cmjrch On acoounts forthe year •nded 31Dt Auw312024 Charlty no (If any) 1138016 Set out on pages 1tD28 I report lo Ihe Iruslees my examhalion of tsI8 8CCOLmts oflhe ab¢)vo tarfty fihtr Tnrf) forthe yearended 31me12024. Rg$ponslbN1tl and b8sh of report As the Chari$ tW8tÈ8s, you ar¢ resk)0nsi6 for th8 prep8T8tbn of thè acrA)unts in acCor(Ja[ vath rgqUiTements of Ihe (Jari1S8s Acl 2011 nhew. I rerKrt ift respect of rny examlnalicrt of the Tntsyts atmunts carrted out wKler sectkn 145 of the 2011 Ad and In rarrying out my ex8minalk)n, I h8wè fo1ltsyd all the applicabk trCt)S gIV by th8 Chartty Ccynmlssion xler 1445)(b) A• Indwdent Th8 gTOSS incA)mè èxeè8d8d Q50.000 and l sm quallf(6d io amln•fs slatoment undertake tl ttxamlnallon by belng a qualilled merthrof Aswuatl of Chartered Certifd Aci>>Jnlants. I h8V8 (y)Mpl81 my ex8mlnation. I confifm that rtt) matorl81 matters have corne lo my attenticffi in connOn wtih the examh8tbn wh gives me use lo belleve th81 in, any m8terig1 respect.. the A¢ts)up.ting record5 wero r>Jt kept Irs actordance with serASon 130 of the Chadties A¢t' or the acD)unts did not a¢u)rd wllh the accounting record8', Or the accot5 dld Th)1 nplY ¥wth the applkable requirements cortG8ming form mntent otaccounts set c1 in Chaftties (Attourrts and Report8) Regulatx>ns 2tx)8 other Ihan any rgquirement th* th8 8Ctr)unls give a and fall, viow vthlch nol a mattsr conshleratt as part of an Ir¥J6pondenl ox8minatk)n. I have con¢oms aNJ tsve cThie £cmss no othof m#tter% In cuinection wlÈh the examlnatbn to whid) shoukl be drawn in this repDrt In OTderto enab a proFW und8rstsndlng ol the 8c¢ounts to b8 r8athed. Slwd: 21-05-1025 1 17.38. 6 I5- Mr Bary TalttrJt Rolovjnt profbs8lon81 , FCCA qualiffcatlon(s) or IlY Of any): 141Page
WESLEY MEfHODIST CHURCH, CHESTER Ckar A¢countanry I1 Mra Smth A(£Trts> Lknlt60 8-Innovatbn Centre. Prhjrslea Tolford. TF2 9Fr Sectlon 8 Dis¢losiire Only completo if ihe ex8rniner needs to 1)I19h1 materlal mattefs of concem (sèe CC32, INlependent eIrtatIOn ot thaty acc4unts: dlrncbons and guidance for 8x8mvbgrs). Glve h¢re twlel delallg of atty ftems that the examlnèr wl$lw t• di3dos•. 151Pag¢
WESLEY MEfHODIST CHURCH, CHESTER NOTES TO THE ACCOUNTS: YEAR ENDED 31 AUGUST 2 Basls ol acc¢wntlry and accountlng polldes AccoUnn8 standard The flnanclal statements have been prepared In accordance with Accounting and Reportlng by Chorltles.. Statement of Recommended PrortKe (Chorltses SORP (FRS102)J 2015. 8asl$ Wesley Methodlst Church. Chester is a church wlthln the Methodist Connexion in Great Britain and these accounts are prepared in accordance with the constitution, practice and dlsclpline of that Church. The financlal ststernent5 have been prepared under the chare5 Act 2011 in accordance with the Accounting ond ReportlAo by Choiyties.. Statsment of Recommended Prnth'ce (Charttles SORP (FRS102J). The accounts relate to the Church and its various organlsatlons and its wholly owned subsidiary and related company. Its related company is Wesley Coffee Bar. a company limited by guarantee. which operates a cafe on the Wesley Methodist Church premises. its directors are appointed by Wesley Methodlst Church Councll and ultlmate control lies with the Mana8in8 Trustees of Wesley Mdhodist Church. These accounts have been prepared on the basis of hi5torlcal cost except that fixed assets are shown at valuatlon or cost of acquisitlon less accumulated depreuation and investments are shown at thelr market valuè atthe end of the year. The accruals basis has been used and the Trustees present accounts that show a true and falr view of the Church's financial posltlon and artiwtles. The accounts have been prepared on a going concern basis. Content The financlal Information presented is relevant, rellable. comparable and complete. Where estimate5 are used these are based on experience. researth and judgement. The accounts are expressed In Pound StedlnE, rounded to the nearest pound. Roundlng dlfferences should be ignored. Where the content of thls yearfs accounts different from that of the prewous year, the Comparative yearfs numbers have been adjusted and restated to be in the Same fomat and on the same basis. Golng concem To the best of their knowledge and bellef the trustees Cfxffimi that there are no material uncertalntles that would call into question the Churth's financial viability for at least 12 months from the date of approval of these accounts. 12 13 Con5011datlon These accounts are the consolidated accounts of Wesley Methodist Church. Chester and Wesley Coffee Bar. Where cross-charylng has taken pla, these have been eliminated upon con501idadon. Income recoBnltion Income is brought into account when It is more likelythan not thatthe economic benefit of the Income wlll be forthcomlng. Expendture Thls Is recognlsed when 2 liability Is Incurred. or a constructive obligation arfses, that results in the payment belng unavoidable. Liablllties are recognised asswn asthere is a legal orconstructive obligatlon commbtting the Church to pay out resources. Capltal Commlts)wnts On 31 August 2024 there were no outstanding commrtments. 16jPage
WESLEY MEfHODIST CHURCH. CHEsfER Tanglble fixed assets The Trustees for Methodist Church Purwses are custodian trustse for the church land and premlses, whlch Is a Model Trust property. and they hold the freehold te. The Tru5tee5 of Wesley Methodjst Church. Chester p)licy is to value the freehold property on the basis of a market valuation, prepared by an independent chartered surveyor and to base value the organ on the lower of Its hlstorlc purchase cost or net realisable value. A market valuation was undertaken by SaMIIs which valued the freehold property at £750.(KX). The value of the organ was re-stated In 2017118 to a hlstorlc purchase cost as this also equated to net realIsae value. Flxtures, Fittings and Eoulpment Individuilly c05ting more than £5.(KK) are now capitali5ed and wrtien uff on a straight4ine ba515 over the useful life of the asset. The useftil live5 will depend on the nature of the asset acquired. The consolidated financial statements reflectthe assets owned byWe51eyCoffee Bar. Thedepreciation 5)oliw is shown within the separate accounts for Wesley C(rffee Bar. 1.10 Investments The investments are in monetary assets and are held by the Trustee5 for Methodlst Church Purp05e5 ITMCPI as Custodian trustees. The valuatlons. at marketvalue, arethose provided byTMCP. The unreali5ed gains arlslng on Investments at the end of the year are shown in the SOFA and in Note 19 below. 1.11 Stack Stock Is valued * the lower of cost and net realisable Wdlue. 1.12 Baslc Flnanclal Instruments A financial a55et or a financlal Ilablllty is recoenlsed ontywhen the erf(ty becomes a partytothe contractual provlslon5 of the instrument Bisic financial instruments are Initially recogn55ed at the transactlon price, unless the arrangemerrt constite5 a flnanclng trnnsaction, where It is COgnISed at the present value of the future payments discounted at a market rate of interest for a 51milar debt instrument. Debt instruments are subsequently measured at amortiseé cost. Financlal a55et5 that are measured at C05t or amortised cost are revlewed for obiertive ewdence of impainnent at the end of each reporting date. If there Is objectlve evldence of impairment. an impairment Ios5 Is recognised in profit or10ss immedlately. 1.13 Bank and Cash The Ilquld funds of bank balan and dep05ft account balances are 5h¢)wn at the realisable values. 1.14 Debtors and Prepayments Debtors and Prepayment5 are stated at th? amounts owed to or prepald by the thurch and Wesley Coffee Bar. 1.15 Credltors Credltors are amounts owed by the Church and Wesley Coffee Bar and are measured at the cash or other conslderation expected to be paid. 1.16 Funds Wesley Methodist Church, Cthester has a nurnber of fvnds,. Generdl Fund lunrestrittedl, Deslgn?ted Fund5 lunrestrictedl, Deslgnated Funds Ire5tr1ctedl and Endowment Funds Irestrfctedl. Wesley Coffee Bar Is Included In the General Funé In these consolidated accounts. Any surpluses on the General Fund In exSS of the required 6 months, expenditure are usualtytransFerred tothe Designated Funds lunrestrlctedl, whlch have been estsblished to provlde for the long-term malntenance of the building. 1.17 Tax Being a charitywesley Methodist Churth does not pay corporatlon tax. It doe5 clalm Glft Aid on donatlons. Wesley Coffee Bar does pay corporatlon tsx on any profits. 17jPage
WESLEY MEfHODisf CHURCH. CHEsfER Independent Examlnatlon Accruals have been made forthe fee for the Independent examination in the sum of £1,22812023: £1,458) for the year, to include reviewin8 the ststutory ac£ourrts of Wesley Coffee Bar. GIos5ary of Torms CFB.. The Central Finance Board of the Methodist Church manages a Common Depos Fund and a serles of pooled Investment funds for Methodist entities in Great Britain and provides Investment advice to those entltles Wesley Methodist Church, Chester The North Cheshire Methodlst Clrcult HLS MaJeSS Revenue and Customs Listed Places of Worshlp Grant scheme Statement of Flnancial Activities Statement of Recommended Practl Trustees for Methodlst Church Purposes. the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds Wesley Methodlst Church. (hester Wesley Coffee Bar Churth: Clrcult: HMRC: LPWGS: SOFA: SORP: TMCP: WMC: WCB: 181Page
WESLEY METHODisf CHURCH. CHESTER 4 Intom• Rol1 ts th• Churth Gener4 Fund Total Totsl Fund5 Prfad FurMI collectlonsllndudln88lftaldl Oonatlo Grants Re8enerate ProleLt Other 3.014 13.377 325 4732 321 37.935 IlQ737 The £LL315 dlaOn shown under Endowment FndS relatss to a eroUS b¢4uest frDmthe 951¢ ofa loryslanrfingthufth rn¢mber. The 8rnnts relate to monle5 fEttiNEd from the tpirtmentfor Culture, Pkndla & Sport under the Usted Pla of Worship (knnt SthÈme whlth funds VAT costs on ellBlble palrsto lisiÈd buildi¥ws used as plas0fW0rShlp. In XI21 thurthe5 were enLDurW to make donatlons to the V£thodist Church Pen$lun Reserve Ftjnd In response to the penOn defl¢it Identllied by aCiu3dal valuatlons. In rEsponse tD that ¥ypea Wesley made a donation of £35.(fQ from continBenw funds, Slno then further valuations have confirmed thot belter than expE¢ted performanre has re5u118d In thE prpiected deficlts b2ln¥ redud. The 2024 thOd]St ConlerenLe th¢reforE resolved to retum the donaOn$ made, wlth Interest. The amount 01 £37, Is shown a50therincome Under[518ned fund5 lunrestrictedl. 5 Fundro151ni Incorne 6enÈr4 FUNI Unrestrfrted Endowment Totsl FurNts UThre*ltied ConrtS 28.353 312 Other Total 6 Interest & Investrnent Inco GeneTrl Vnrestrfcted Endowment Funds Totsl Funds Bank interest Investmentlncome Totsl 1176 ash sUu$ to Immedlaterequlrernents Isdep051ted with the Centnl Fl•ante B03rd of the Pknthodlst Churth. Investments are managed by the Methodi# Trnstees for Chuyth Purposes. 191Page
WESLEY METHODIST CHURCH. CHESTER 7 IncomE 5UPPQrtln4 the MlJ)n of the thurth 6ehÈMI Fund Endtswm 111 TOMI Yo Funth Fund5 ertrltt Bevolent Ktlvlrfes Wothwlththe dlsadvantaEed Grants WorkwlthChildrÈn thurth FellowshSps Other L829 144 1342 175 175 75 The $icted fund yant In 3)23 relats5 tQ a gfant from the thur5 Urban Fund to supportwcKkwth VkralnlanfvIees. 8 her th•r[tsb Income Gene¥al Fund UTwe¥iiidÈd 0051e Totwl Fund¥ Fund$ DotIonS 40 18J3 9 Olher Income GèneAI Fund Totsl Fmds Funds UMeSEt8 Lettiws WaylÈaves and lInc¥S Other 14 10 TradlnK Income Ge1 Fuhd EndowmErt Fmds Tolal Fd5 Restdcted Wesleycoffee Oar 353 66,510 rat Wesley Coffee Bar Is CL¥anY liftNtEd try guarantee lthlch opernte5 3 Caf& on the Wesley MetlMyJ5t crth prernises. dlrectcqs are momb2r5 of Methodst Chjrch ccrtrd Iles ith the nagIng Trustees of Wesley etdISt ChurctrL rEpresents the sales ofWe51ey Coffee Bar. 20IPage
WESLEY MEfHODIST CHURCH. CHESTER 11 elpd[tUr• rdatln8 to tho Chur¢h Gener Fw LINesbftted Ttstsl Fund5 F5 FLmd5 As5essmerrtto the hodISt(hUTEh Udlltle5 eIng Insur4nce Malntenan Olfi 56,616 19.541 X6 65,311 9.910 5,416 16,9XI 1366 2,079 1242 REStor3tlon ProlectRegener3te Church CenlrE Other rot 24673 14531 16.010 11 Fund11 ExpeJKlSture Fd$ Fd5 Concerts other &841 13 Expendlwyeonthe mI10n•f th•am Totsl Fun Mis51on Developm2nt BerJÈvolent 8Cllvltles Wark with the disadvants8ed Workwlth Chlldren Chr¢h Fellow$hips Other 1227 S332 915 111 SD) 14 oihercharftable ExPendIre Deslyd Unyestrlrted Fur UMesbaed DOnOnStOcharft[es DOnonst0the hkthodistthtsrth 42 741 43% 3.570 741 2iIPa%e
WESLEY METhODIST CHURCH. CHESTER 15 Tradln8 Wefidlwr• Gerw4 FLY DESIad Pd5 Endowmenr F$ Totsl Tthl Umestrltted We51eyCoflee Bpr 6L923 The expendbture represents the total supply. wa8es adminlstratson costs of weeY Qlffee Bar. 16 TrWnsfvrtsy•onFUIKI5 GeneAI Fw Unrqstrkled e5141 Fuhds Endowment Funds Tatsi Total FUN To General Fund lunrestM¢tedl TD Deslgnated Fundslunrestrfctedl ro De51gnated Fund5lwtrfrtedl FrDm General Fundlunrestrlrtedl From Dpslsnated Funds Iresthttedl From De516nated Funds lunrestrtttedl 41785 785 17 PaymentioTrnAees Payrnents mode lotn£¢e5f0rjddrtlt)nal Serv1 prOded tothechurch by 48reErnpnt with the Churth Coundl ItIng Numberof tNste85whowere p4idexpEnses Totsl amountpald J2 None ofthe trustees Is anemployee ofthe Churth. The payments we tnths Sn respettof an knnorérium and fees forplaying the Iw. 18 Feesfortxn&fl0n0rdItoItheat&XMts IndependentexaMlnerfsord1f0rs'ftes f0TreporbnBonthejYllts 19 PaSdemployee5 staff Costs pafdthJrfrytheyeaTwore: Grosswa8es. salarles and beneflts In Em0verf5 Natlonl ln5uTrn c05t5 perlan custs Totd staff tosts 74217 8L220 7¥636 Average numberofst411 ernlOyeddwlrythEe1ts: The were no emplwes eanlng abm £60.iXXI per year aThl kgf rnanaeermt rSe1 red ary berEfits for thelr seNlces to the tharity. 221Page
WESLEY MEfHODisf CHURCH, CHESTER T¥fflalWe FfxedA58ets C05tofTAluUon Churchln Investmen ImEslrnent OthprftxEd Fixture5. tt[nBSd éqdpmnt Il•nd• Idlrys) Imdld laftte brouthtlonw Additlons Revaluatlon ENsp05als TnSterS alan(aredforWOnl 37.WB A((umul¥tvddew•dthn Balan brou6htforw¥d Depreciatlon thar8Èforye¥ Revaluatlon5 DisPL)5415 Transfe BE1•n(•rrt•dfO¥ald 4665 281 N•tbollk¥alu BYBhtfQrvjrd 7¥14S Canlèd loAYavd
5Qt)X Thevaluauon ollandd bulldlng4 Isbed on an external vauatlgn Lwed on t1 mzrkel yVe. The or¥an is valued its net boDkvalue, calculatsd on the ortglDal co#adlusted formaterfal eXpendreOn the orBan. General FtThl Iunrestrfrtedl DeIled FuThk Endowmem Funds To¢al Totsl Wesleymetkndlst thurth Clrwit awssmÈnt prÈwment 4703 6n Wesleyctsffee Bar Tr&le Debtor5 Prepaynnts 111 ThewÈeY PknodlstChUrthar1tA$se5sThemlS pdld qu¥terfy InadnE 231Page
WESLEY MEfHODisf CHURCH. CHESTER 2Z (rtdkn py1 GeneTrl Fuxl Umesirfcted Endowmert 111 Tot4 F5 Fwd5 Cr[tar$INderllrI WèslEyMethodistChurch Independe17t Ex8MIner Fees Other CheshlreWestlDeferred Incornel L229 L229 Wesleycoffee Bar Trade Credltors IndEpendentEx4mln¢es Fees WagesAccrual HolldayAecnJal CorporatloThTax ts5 L7B4 PM¥lslortfor Ilabllltles knd UnrEstrtLted DE5knated Fd5 Ernlowmerrt Funds weeY Coffee Bar DÈferrÈdTa 13 IM5tmEnts The funds that support the varfou5 are held bYP in TN$tees IntsTest Funds lln whlth intorèst iscredlted tythe acrfjunts Irnth. Tr5e 4rE 1rdedaS medlum and longtern Inve5trnents. TK¥J is the lega owner and $t(lIan Trwtee of ai Pththodlst Mcrflel Trust property. IndudlDB Lee&. Endownents and Accumulated Fund5. PrOrty is held for and on behalf of ILKJI Tneeswho tesponstble forthe dayto day man74pTnent oftrustproperty. Arlsof lTrve4trnentmo4mer Chawln Irt¥E5bnèntwlu CQIFCkntie5 lrtstme FLnd TMCP Fw CP Fund TrfjCP Fund Totsl 0etYa1Ue at hennInof year New InvestmEnts InteTe5tearned Interestpdd TV£P costs GaSn511105s251 an Investments orketvalueEtend Df year 497 ILCWJ IL3 757 712 41 116 J4 21418 4LK8 241Pag¢
WESLEY MEfHODIST CHURCH. CHESTER Cqntral FInan 80grd (CFB) and Cash at Bank The Church has current accounts at Lloyds Bank plc and the Co-operative Bank plr, Buthorised Instltutlons. The sums held on th95e accounts are immediately available. In additlon. the Church has deposit accounts at CFB, a common deposit fund. Interest is earned on these accounts and credited monthly,. the sums dep051ted can be withdrawn without notice and without loss of interest. The Church has no other financlal Instruments. These sums are vlewed a5 being liquid and are shown as Current assets on the Balancè Sheet. 24.1 DeslqnotedFund51unre5trNctedJ- bttlonce£18L928 on 31 Auqust2024 (2023..£111.0549 These funds are to Serve spectfic purposes but are not restricted by any document or deed to that purpose alone. These funds comprise: Contingency Fund: balance £164,87512023.. £95,503) Ls avallable to meet long-term mainlenonce of the Church premises. Oeslgnated Supplementary Music Fund: balance £4.24012023: £3.81. The last major overhaul of the Church organ was undèrtaken in 2022. Wesley Mission Fund: balance £2.90612023.. £2.5121 to resource and support Weslrfs Chester Clty Centre mission initiatives as agreed by Weslevs Trustees. Stewardshlp Fund: balance £9.90712023: £9,149) to 5UPPOrt Wesle5 outreach. 24.2 Restrirted Fund- balance £10 020on 31 Auqust2024 f2023..£7.216J These fund5 are to serve specific purp5 and are restricted by a document deed or resolutlon of the Managlng Trustees of Wesley Methodist Church, Chesterto that purpose alone. These funds comprlse: Regeneratel Fund: balance £4.232 (2023.. £4,082) was established to hold the monle5 Tri5ed to undertake the Regeneratel ProjecL The proJect1s complete. Bènevolent Funds= balance £2,699 {2023: £2,258) provldes supportforthose in need. Ukrainian Meet Ups Fund: balance £1.01712023: £8761. Supports the worf( of Wesley in supporting refugees from Ukraine. Kimbllio Support Fund.. balance £2,07212023: Nill. Th15 fvnd falses money to support a youngwoman In Democratlc Republlc of the Congo through higher education. 25. Related PartyTransartk•ns Totsl thodlsi InsJJran North Cheshlre Methodistarajlt Method15tCSty Cenlre Netwowk Action Far(Jildren All We Can Meth(xllstHomÈs Fundforwodd Mlsslon FundforWOd Mlsslon Fundftsrwodd Ml$sltsn Mlsslon In BdtaÉn Fundfor Property Methodlstchurch Pertslon Fund 1n5uTrn polSc¥premium5 Annual Asse55Ent ,311 Dor5 Easterorrering Annual Stewarthhip gwant Annual Stewarthhip grant Annual Steward5hip8Trnt Refund ¥65 1520 4x1 All these or8anlsatlons are Independent of Wesley Nkth)dlstfJbunh bui(ome underthe umb110 Df The Meihodlst Church In Greèt Brltaln. 251Page
WESLEY MEfHODIST CHURCH, CHESTER 2& Controllin8 Inttrest As Wesley Methodist Churth is part of the Methodist Connexion in Great Br6tsin, ultlmale control rests w5th the Methodlst Connexion. 27. Volunteer umtrfbutlons Every entlty Iconnexlon, Distrirt, Qrcuit, and Church)withln the Methodistchurch in Great Brltaln is heavily reliant on volurrteers who contrlbute thelr skills, time and money in the furthèrance of the work of the Church. At Wesley Methodist Church, many member5 contrlbute to Tts mlssion and actlvltie5. We are grateful to all of them for their help and commfcment. No attempt has been made by this Church to value the non-monetary contrlbutions to the Church in monetsry terms. 261Page