## **Macclesfield Methodist Circuit** 


## **Annual Report and Financial Statements for the year ended 31 August 2021** 

**Charity Registration Number 1145485** 

|**MINISTERS**|Rev Graham Edwards|
|---|---|
||Rev Helen Byrne|
||Rev Ros Watson|
|**TRUSTEES**|See main body of the report|
|**CIRCUIT STEWARDS**|Mrs Ruth Linde|
||Mr David Dippie|
||Mr Alex Price|
|**CIRCUIT TREASURER**|Mrs Jane Walker|
|**ADDRESS**|c/o Langley Methodist Church|
||Main Road|
||Langley|
||Macclesfield SK11 0BU|
|**BANKERS**|Barclays Bank|
||Cooperative Bank|
|**INVESTMENT MANAGERS**|Central Finance Board|
||TMCP|
|**INDEPENDENT EXAMINER**|Peter Smith BA FCA DChA|
||HGA Accountants & Financial Consultants Ltd|
||t/a**Chittenden Horley**-Chartered Accountants|
||456 Chester Road|
||Old Trafford|
||Manchester  M16 9HD|



0 



## **Macclesfield Methodist Circuit** 


## CONTENTS 

|Trustees’ Report|2 – 12|
|---|---|
|Independent Examiner’s Report|13|
|Statement of Financial Activities|14 - 15|
|Balance Sheet|16|
|Cash Flow Statement|17 - 18|
|Notes to the Financial Statements|19 – 27|



1 



## **Macclesfield Methodist Circuit** 


## **TRUSTEES REPORT** 

## **INTRODUCTION** 

The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2021. 

The Circuit consists of eight churches of varying sizes and locations within East Cheshire from Gawsworth in the south to Poynton in the north. 

## **REPORTING FRAMEWORK** 

The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Charitable Objectives** 

The Circuit shares the charitable objectives of the Methodist Church, which are set out as follows: “The purposes of the Methodist Church are and shall be deemed to have been since the date of Union the advancement of – 

(a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; 

(b) any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church; 

(c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; 

(d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.” 

## **Circuit Mission Statement** 

Our mission statement is as follows… 

2 



## **Macclesfield Methodist Circuit** 


## _CIRCUIT MISSION STATEMENT_ 

We seek to find and fulfil our place in the mission of God to the world. 

The role of the Circuit is to develop approaches to staffing and the use of the resources in supporting the churches as we live out our calling. 

The mission of Macclesfield Methodist Circuit is to seek to order our life so that we engage fully with the _Five Marks of Mission_ in everything we do. The circuit will give attention to these marks as it considers the complex issues of staffing, grant making and overseeing Circuit initiatives. 

## 1 Tell. _To Proclaim the Good News of the Kingdom_ 

- Our priorities: 

   - To offer a variety of worship styles, accessible to all, including areas not currently reached by the circuit 

   - To make effective use of our Children & Families Mission Teams to explore work with demographic ‘gaps’ across the circuit 

   - To ensure adequate and sustainable lay and ordained ministry across the circuit. 

How? 

   - ❖ To encourage and develop new and existing varieties of worship styles (e.g. Contemporary, taize, café, breakfast, proclaim, afternoon tea church, midweek services, quiet/sacred spaces, traditional) 

   - ❖ To develop effective communication through appropriate channels including social media (e.g. Facebook), websites and internal and external publications and places (e.g. Messenger, Local People, Libraries) 

   - ❖ To enable and equip volunteers in order to address the needs and opportunities for ministry 

   - ❖ To make best use of financial resources to support ministry across the circuit 

2. Teach. _To teach, baptise and nurture believers_ 

## Our priorities: 

- To explore ways the circuit might resource the nurture and spiritual development of believers and seekers 

- To equip those involved in the preparing and leading of worship including Worship Leaders, Local Preachers, musicians, stewards, IT, those involved in ‘Own Arrangements’ and leaders of children and young people 

- To support the churches’ and circuit’s evangelistic outreach into the local communities 

How? 

- ❖ Provide seasonal reflections, quiet days and study groups at circuit level and explore potential for others 

- ❖ Provide and signpost opportunities for training and development, allocating appropriate funding 

- ❖ To provide/signpost to resources and tools for equipping evangelistic outreach into local communities 

## 3. Tend. _To respond to Human need by loving service_ 

- Our priorities 

   - To ensure the churches of the circuit are welcoming, inclusive and safer spaces for all people 

   - To recruit, train and support all those involved in pastoral care (including Pastoral Visitors, Class Leaders and others) at Circuit and Church level 

   - To increase awareness of human need and possible responses and resources available 

3 



## **Macclesfield Methodist Circuit** 


How? 

   - ❖ To enact and review Safeguarding policies and procedures at Circuit and Church level 

   - ❖ To provide training/signposting for those involved in pastoral care 

   - ❖ To celebrate and publicise existing work in response to human need and help churches identify other needs not being addressed (e.g. local church initiatives and partnerships like MHA Live at Home, Cancer Care) 

4. Transform. _To seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliation_ 

Our priorities 

- To encourage engagement with political processes locally and nationally, and to support those active in this work. 

- To advise and support churches as they consider their place and role in addressing the unjust structures of society, challenge violence and pursue peace and reconciliation 

- • To root out prejudice in ourselves. 

How? 

   - ❖ To play our part in the activities and governance of ecumenical and interfaith work, including supporting the work of Hope in North East Cheshire 

   - ❖ To highlight and support the work of organisations at home and abroad, which help us keep an outward focus (e.g. JPIT, All We Can, Mission in Britian, OneMission, Action for Children) 

5. Treasure. _To strive to safeguard the integrity of creation, to sustain and renew the life of the world._ Our priorities 

   - To strive to reduce the carbon footprint across the circuit 

   - To promote fair trade in the life of the circuit 

   - To be aware of how best we use our resources (buildings, people, finances) across the circuit 

How? 

- ❖ To up awareness and share best practice on reducing our carbon footprint 

- ❖ To encourage circuit led events, activities and groups to strive to be Fair Trade 

- ❖ To promote good stewardship of circuit resources 

## **Contribution of Volunteers** 

The Circuit is heavily dependent upon, and extremely grateful for, the contribution of volunteers as it seeks to carry out its objectives. With the exception of the three stipendiary Ministers, Children & Families Coordinator and Circuit Administrator, all members of the Circuit Leadership Team and all other Charity trustees are unpaid volunteers. 

## **ACHIEVEMENT & PERFOMANCE** 

The continuing Coronavirus pandemic meant this year has been one unlike any other we have experienced. At the beginning of September 2020, some churches tentatively reopened, having been closed since March 2020 and although services were short, infrequent and subject to many Government and Methodist church restrictions, there were hopes of an end to the situation. Circuit weekly publications went from weekly to monthly to allow churches to communicate their own notices at the services. 

Another lockdown in November however, meant closures again and although a few churches reopened for some Christmas services, our online provision was extended to provide a full schedule including Virtual Nativity, Blue Christmas, Christingle, Christmas Eve communion and Christmas Day services. The dial in services and provision of services on DVD also continued along with new initiatives like ‘Christingle in a bag’ arranged by our Children & Families Coordinator to ensure our outreach continued just in a different way 

4 



## **Macclesfield Methodist Circuit** 


during this next period of uncertainty. Lockdowns continued to be a feature as we moved into 2021 and it was Easter before we were able to see our church buildings being used for worship once more. 

Churches themselves have embraced the use of new technology and ‘zoom’ coffee mornings, quizzes and church meetings all helped our feelings of togetherness. 

Although the loss of rental income has affected our churches throughout the past financial year, we have been fortunate that our churches were able to continue the payment of the assessments to the circuit. This has been due to the generosity of our congregations and also by our churches having sufficient reserves. As a circuit we appreciate the hard work of our church Treasurers and will support them wherever possible. 

The circuit will also be reviewing its reserves policy as part of our ongoing financial management. 

During the year, the church council of Walker Barn made the difficult decision to cease worship with effect from 1 September 2021. Falling numbers and ill health of worshippers has led to the feel that the work of the chapel has come to end in its current setting and during the coming financial year, the Circuit will take over control of the building. The circuit is extremely grateful to those involved at Walker Barn for their dedication and commitment in providing a place of community and worship over the years and we formally record our thanks and best wishes. 

Financial accounts for the circuit have been prepared on an Accruals basis in line with the previous year. 

## **Income trends** 

The Circuit accounts saw income returning to more normal levels, having been higher the previous year due to the merger of circuits and the addition of a manse property from the Hazel Grove & Poynton circuit. 

The circuit did not increase assessments over the transition period and with the pandemic still in evidence, assessments have not been changed for the forthcoming year 2021/2022. 

A further capital receipt of £30,100 as was received in September 2020 in relation to the HG & P circuit break up and our financial position has been steadied. In a Covid year the net income on general funds after taking out the capital receipt was £1,525, so we managed to break even. With the capital receipt ex-Poynton more or less offsetting the planned reduction in the family worker reserve, the overall position for the Circuit was just above break even. However we are additionally assured at least a further £40,000 in relation to the HG & P circuit break up, being our share of the net sale proceeds of Offerton church. The sale completed after year end; we have recognised a debtor for £40,000. This pushed the overall surplus for the year to £44,992. 

Circuit income is primarily drawn from the assessment paid by the circuit churches. It is hoped that churches will continue to meet their assessment contributions for the 2021/2022 financial year. However, at some point Walker Barn will cease to make assessment contributions and we will have to look at disposal of the building and all that will entail. 

There is still uncertainty as many of our churches were well used by the communities in which they serve and are therefore have been affected by the loss of rental income and this may impact on their ability to meet their circuit assessment. We have asked our churches to let us know immediately if they have concerns about meeting their commitments. 

The rental income relates to the rental of a manse and with agreement of the Circuit Meeting, the tenancy was renewed for a further 6 months up to 30 September 2021. The property is let to a family in housing need and they may be rehoused by the Local Authority at any time, subject to the circuit being given one month’s notice. 

5 



## **Macclesfield Methodist Circuit** 


Income from the two Graveyards has held up this year as fees were increased and there has been a higher level of burials into new graves. Regular gardening and maintenance work is ongoing. 

Over the course of the year quinquennial reports were carried out on all the manses and items of repair and maintenance have been identified. These will be reviewed and organised as appropriate by the Circuit Stewards. 

All these issues will be ongoing considerations of Circuit Leadership Team and Circuit Meeting where appropriate. 

## **Expenditure trends** 

The circuit finances are concentrated on allowing the paid staff (ministers, mission workers and administrator,) to be paid and maintaining the residences of the ministers in good order. Stipend expenditure has increased each financial year in line with conference approved increases. 

Over £51,000 of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church. The other expenditure includes staff costs and maintenance of the manses. 

Our work with Children & Families within the circuit has continued by virtual and latterly, we have seen a return to face to face activity including the circuit summer holiday club which was able to take place at the end of July with over 45 children attending over the three days. Numbers were limited and some restrictions were in place, but the club was a great success and followed on with a special themed all age worship on the Sunday morning and a Breakfast church scheduled for early September. The Trustees have committed existing reserves for this purpose with the current funding/appointment due to run until the end of August 2022. This role has enabled us to build on the relationships we have developed with families and schools locally through our previous appointments of Children & Families Workers and is meeting a huge need enhancing children’s ministry across the circuit. We are keen to ensure this continues. 

The Circuit grants made during the year were as follows:£4,494 Prestbury Methodist Church towards the cost of a new carpet £10,000 Poynton Methodist Church towards the cost of Children & Families work £5,276 Poynton Methodist Church towards the cost of new chairs in the worship area 

£435 Langley Methodist Church for investigation into additional solar panels 

£339 Prestbury Methodist Church towards the cost of printing/mailings to members not on email £277 Poynton Methodist Church towards the cost of printings/mailings to members not on email £570 Macclesfield Methodist Church towards the cost of printings/mailings to members not on email 

During the year, churches made contributions of £765 to the circuit which were subsequently paid over to the Connexion to be split between the Property fund £578 and Fund for Presbyters/Deacons £187. This sum was down from £1,265 the previous year reflecting the difficulties faced by our churches over the period. 

## **Risk management** 

The Circuit Meeting continues to develop procedures for identifying and addressing the risks facing the charity. The circuit properties are monitored regularly to ensure they are maintained to a good standard and attention is given to the financial situation of our churches and their ability to meet their financial commitments.  We have developed robust procedures for safeguarding children, young people, and vulnerable adults including the appointment of a Circuit Safeguarding Officer. 

6 



## **Macclesfield Methodist Circuit** 


## **Principal Funding Sources** 

Contributions from the Churches by way of Circuit Assessment continue to be the main source of funding, accounting for 82% (2020: 84%) of normal unrestricted income. The letting of the manse at Atholl Close is reviewed annually with rental income accounting for 4% (2020: 6%) of normal unrestricted income. 

## **Fund balances** 

Over the year fund balances increased by the overall surplus of £44,992 to stand at £1,852,213. 

## **Reserves** 

The Circuit seeks to use all its assets for its charitable purposes, whilst continuing to secure and maintain the Circuit’s financial viability.  It seeks to set a balanced revenue budget, in order that the ongoing normal costs of ministry, mission and management are met from investment income, grants and donations, and Circuit Assessment. 

In order to meet its ongoing financial obligations - including the payment of stipends and of District and Connexional assessments quarterly in advance - and to meet unforeseen circumstances, the Circuit needs to maintain sufficient free reserves.  These reserves would enable the Circuit to maintain its mission and ministry in the short term if, for whatever reason, individual Churches encounter difficulties in paying their assessments. Free reserves are defined as unrestricted reserves less the investment in tangible fixed assets. 

## **1. General reserves** 

At 31st August 2021 general reserves totalled £1,594,312, of which £1,423,200 are tied up in fixed assets (properties), leaving liquid reserves of £171,112. This includes the benefit of the additional capital receipt from the breakup of the Hazel Grove & Poynton circuit. 

Our policy is to maintain 6 months of general expenditure in reserves (excluding fixed assets). Expenditure in 2020/21 was £188k thus requiring a reserve of approximately £94k. In addition, we have four manses which need to be maintained and always carry a risk of significant repair or needing significant renewal. A reserve of about £25k is considered prudent for this purpose. 

On this basis total general reserves required are approximately £119k compared to £171k available. In view of the Covid pandemic and its potential to impact the ability of churches to meet their assessment obligations in full, we consider it prudent to retain this extra contingency in the shorter term. Longer term, our funding for the children and families coordinator in designated funds (item 3 below), expires by 31st August 2022; it is likely that we will wish to continue with this work and draw on these excess general reserves for that purpose. 

## **2. Circuit Model Trust Fund** 

This totals £129,174 and represents a further unrestricted fund, held with TMCP, except for £40,000 in debtors. The Circuit has not identified a specific use for this fund at present so it can be considered as a contingency. Each year it attracts a 2.5% District levy. Over the year a sum of £8,534 was brought into the trust following the breaking up of two trust funds previously held by Bollington Methodist church which is closed. 

7 



## **Macclesfield Methodist Circuit** 


## **3. Designated funds** 

These total £34,206 and represent unrestricted funds that the Circuit trustees have agreed to set aside for funding a children and families co-ordinator role. The designation was made in 2019 for three years, there being one year of funding now remaining. 

## **4. Restricted funds** 

The Circuit owns two graveyards which originally belonged to the former chapels at Over Alderley and Rainow Methodist churches. Access difficulties at Rainow mean the graveyard is rarely used for new graves but the one located at the former Methodist Chapel in Over Alderley is in reasonable demand, particularly as the graveyard at the nearby Prestbury Parish church is full. Income from funerals is added to the fund and the expenditure of funerals and upkeep of the grounds is taken from the fund. The balance of the fund is restricted in its use against the graveyards. 

## **5. Endowment funds** 

These funds total £34,987 and represent bequests that have been left in favour of former Bollington and Over Alderley churches, the benefit of which has passed to the Circuit. The capital cannot be accessed but the investment income accrues to the Circuit and can be used towards its mission. 

## **Going Concern** 

The Trustees have reviewed the circumstances of the Circuit and consider that adequate resources continue to be available to fund its activities for the foreseeable future. The Trustees are therefore of the view that the charity is a going concern. 

## **Plans for 2021/2022** 

Circuit budgets for the coming year assumed a staffing level of 3 ministers, one full time lay employee (Children and Families Coordinator), and a part time lay employee (Administrator). 

Our churches have experienced long periods of lockdown and the associated loss of rental income this brought. Whilst cost of living stipend increases and manse expenditure were envisaged, the District assessment is reducing slightly and it was agreed to leave assessments unchanged for the coming year. 

As the circuit Children & Families Coordinator role had a three year contract up until 31 August 2022, during the year we will be reviewing this work and a decision will need to be made as to how/if we continue. An extension will need financial provision and allocation of funds would be encompassed within the planning process. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

As the circuit is part of the Methodist Church of Great Britain the managing trustees operate within the Methodist Church Connexion and as such, their governing document is the Constitutional Practice and Discipline (CPD) of the Methodist Church _._ The document is available for inspection via the Superintendent. Macclesfield Circuit is registered as a separate charity, number 1145485. 

## **Connected charities** 

The Churches forming the Circuit are themselves charities and, as they are responsible for their own financial affairs, they are not reported in these statements. 

8 



## **Macclesfield Methodist Circuit** 


## **Macclesfield Circuit Meeting constitution [S.O. 510] September 2020  [47 members – *currently 1 multiple with qualifications] (i) The ex officio members (S.O. 552) [9 members]** 

## **The Superintendent Minister** 

The Revd Dr Graham Edwards 

## **All ministers, probationers and persons authorised to serve the church as Presbyters or Deacons:** 

The Revd Helen Byrne The Revd Ros Watson 

## **The circuit stewards** 

Mr David Dippie 

Mrs Ruth Linde 

Mrs Barbara Ogle 

Mr Alex Price 

Treasurer - vacant (subsequently filled by Jane Walker appointed September 2021) Mr Rob Ayerst (continues on Circuit meeting 1 year for continuity reasons) 

(ii) Any other persons stationed or residing for the purposes of the stations in, or whose names appear under the number of, the Circuit in accordance with clause (4) of Standing Order 785, and who have informed the Superintendent of their wish to be members of the Circuit Meeting for the ensuing connexional year, except that any person stationed in one circuit but residing in another for the purposes of the stations is eligible to be a member, under this head, of the Circuit Meeting of the latter Circuit only; **[1 member]** 

## **Supernumerary Presbyters or Deacons [S.O. 785 (4) (a) (vi)]** 

The Revd Shelia Bishop 

## **(iv) such persons, if any, as the Circuit Meeting judges it appropriate to appoint from among those employed by the meeting under Standing Order 510; [1 member]** 

Mrs Angela Bourne (Circuit Children and Families Coordinator) 

## **(v) the Secretary of the Meeting [1 member]** 

Mrs Julia Tibbles 

## **(vi) the secretary of the Local Preachers Meeting [1 member]** 

Mr Steve Oliver 

**(vii) from each Local Church one church steward and the church treasurer,** 

## **(viii) representatives elected by the church council of each local church from its own members in numbers specified by the circuit meeting. [Membership under 100 = 1 representative, membership over 100 = 2 representatives.]   26 members** 

## **Broken Cross Methodist Church [3** ] 

Church Steward Mrs Liz Hammond Treasurer Mr John Bird 1 representative Mr Dai Jones temporarily covering for Joan Green 

## **Gawsworth Methodist Church [3]** 

Church Steward Mrs Jillian Longson Treasurer Mrs Margaret Parkin 1 representative Mrs Carolyn Boden 

9 



## **Macclesfield Methodist Circuit** 


**Green Close Methodist Church [3]** Church Steward Miss Brenda Wainwright Treasurer Mrs Shelia Sheldon 1 representative Mr Stephan Rudolfer **Langley Methodist Church [3]** Church Steward Mr Alan Chapman Treasurer Mr David Bullock 1 representative Mrs Mavis Nixon 

## **Macclesfield Methodist Church [4]** 

Church Steward Mrs Margery Wilson Treasurer Mrs Ruth Linde* 2 representatives Mr Ian Wardle + 1 Vacant 

**Poynton Methodist Church [4]** Church Steward Mrs Judy Gibbons Treasurer Mrs Jane Robson 2 representatives Mrs Jean Drinkwater Mrs Mandy Hawkyard 

**Prestbury Methodist Church [3]** Church Steward Mrs Heather Cann Treasurer Mrs Valerie Jones 1 representative Mr Eddie Jones 

**Walker Barn Methodist Church [3]** Church Steward Mrs Janet Dean Treasurer Mrs Pat Fisher 1 representative **Vacant 

(ix) Additional Persons as the Circuit Meeting may desire and appoint to ensure that all areas of the life of the circuit are adequately represented, provided that the total number appointed under this head shall not exceed the total of the numbers specified by the circuit meeting for the purposes of head (viii). **[8 Members]** 

|**Circuit Safeguarding Officer**|Mrs Pam Childs|
|---|---|
|**Circuit** **Admin**|Mrs Jane Walker|
|**MWiB**|Mrs Brenda Chapman|
|**CFW Advisor**|Mrs Joan Pritchard|
|**MHA**|Mrs Ruth Gunning|
|**Missions**|Miss Brenda Bailey|
|**Action for Children**|Vacant|
|**Hope in NE Cheshire**|**vacant|



* Circuit Steward & Church Treasurer 

10 



## **Macclesfield Methodist Circuit** 


## **Trustee recruitment, induction and training** 

As outlined above, the appointment of the majority of the members of the Circuit Meeting is outside the control of the Meeting.  We encourage trustees to undertake Governance training when available. In appointing the Circuit Leadership Team and other officers, the Meeting has regard to the balance of skills and gifts that are needed to further the work of the Church.  New members of the Leadership Team are inducted by the Leadership Team. 

During the year Mrs Barbara Ogle resigned as a Circuit Steward due to family reasons and we thank Barbara for her contribution over the years. If anyone wishes to put themselves forward as a circuit steward that would be welcomed, in the meantime the Circuit Leadership Team will continue in its present number. 

## **Organisation** 

The Circuit Meeting is convened biannually usually in September and March. The Circuit Leadership Team, appointed by the Circuit Meeting, is responsible for acting on behalf of the Circuit Meeting at other times.  The Leadership Team usually meets at least six times per year.  The Circuit Meeting retains responsibility for setting the mission priorities of the Circuit, the overall strategy to deliver those priorities, the invitation of ministers, the oversight of local churches, the admission of people to the office of Local Preacher, and decisions on formal explorations of calls to ministry and candidates for the ordained ministry. 

The Leadership Team is assisted in the task of financial oversight by the Circuit Treasurer. This position has been vacant during the year. The Circuit wishes to thank the District Treasurer for providing additional guidance and assistance during this time. Subsequent to the year end, at the Circuit Meeting in September Jane Walker was appointed Treasurer and Garrie Naden Assistant Treasurer. 

The Methodist Church appoints a minister to be the Superintendent Minister of the Circuit, whose duties are set out in the Standing Orders of the Church. 

## **Pay and Remuneration** 

Stipends and allowances for presbyters and deacons (collectively ministers) are set annually by the Methodist Conference, and the Circuit is responsible for meeting those costs for all ministers appointed by the Conference to the Circuit. Fuller disclosure is contained in Note 4 to the accounts. Lay employee remuneration is set by the Circuit based on the role specification. 

## **FUTURE PLANS** 

The circuit will continue to provide a supporting role to its churches and will consider any issues arising through the appropriate channels of Circuit Leadership Team and Circuit Meeting as necessary.  In light of the challenges of the previous year the Circuit Leadership Team will give particular attention to reviewing the Mission Plan and agreeing priorities for the continuing work of the circuit. 

One focus will be the winding up and disposal of Walker Barn church, and we record our grateful thanks to the present congregation and those who have served in the past to provide witness to the area. The closure of a church is not a failure, instead a completion of mission in that place. The area around Walker Barn is rural and made up of farming communities, an area which the ‘Barn’ has served well since 1898. 

11 



## **Macclesfield Methodist Circuit** 


The online Sunday services and weekly zoom prayers were extremely successful in continuing relationships during lockdown and also in establishing new relationships with viewers from outside of the circuit. It has become an effective channel of communication and has been a positive side effect the pandemic. Contact in this way, whilst also providing the option of face to face services allows us to continue outreach to those members who are not able or don’t feel ready to return to church just yet. We also hope to be able to develop relationships with those viewers outside of the circuit and as such it is planned to continue with online services for the time being and review in due course. 

2021-2022 will be the final year of our Children & Families Coordinator’s contract and this work will again be a continued focus, engaging further with the families already in contact and constantly extending our outreach to new families. The success of our social media provision has allowed us to use this as a recognised channel for interacting with our families’ long term and use this as a form of two-way communication for our face to face activities such as Toddler Groups, Messy Church, Breakfast Church and Holiday Club. As mentioned previously in this report, we would like to continue this important area of mission and we will be reviewing and making plans for how this will evolve after the expiration of the current contract. 

## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS** 

The law applicable to charities in England and Wales requires the Circuit Meeting to prepare financial statements for each financial year which give a true and fair view of the state of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements, the Circuit Meeting has to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP (FRS 102) (second edition – October 2019); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis 

The Circuit Meeting is responsible for keeping records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable regulations. It is also responsible for safeguarding the assets of the charity and hence for taking steps for the prevention and detection of fraud and other irregularities. 

## **INDEPENDENT EXAMINERS** 

As it is now necessary to undertake accruals accounting, Chittenden Horley Limited, of Old Trafford have been appointed as Independent Examiners. 


REV GRAHAM EDWARDS 

ON BEHALF OF CIRCUIT MEETING 

DATE 01.04.22 

12 



## **Macclesfield Methodist Circuit** 


## _Independent Examiner’s Report to the Trustees of the Macclesfield Methodist Circuit for the year ended August 31 2021_ 

I report to the charity trustees on my examination of the accounts of the charity for the year ended August 31 2020 which are set out on pages 14 to 26. 

## **Responsibilities and basis of report** 

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. 

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I a member of the ICAEW which is one of the listed bodies. 

I have completed my examination.  I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## **Peter Smith BA FCA DChA** 

For and on behalf of: HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants456 Chester Road Old Trafford 

Manchester M16 9HD                                       Date: 17/06/22 


13 



## **Macclesfield Methodist Circuit** 


## **Statement of Financial Activities** 

|**Statement of Financial Activities**|**Statement of Financial Activities**|**Statement of Financial Activities**|**Statement of Financial Activities**|**Statement of Financial Activities**|**Statement of Financial Activities**|**Statement of Financial Activities**||
|---|---|---|---|---|---|---|---|
|**Statement of Financial Activities (SOFA) for the year ended 31 August 2021**||||||||
||**Notes to**<br>**the**<br>**accounts**|<br>**General Fund**<br>**(Unrestricted)**|**Circuit Model**<br>**Trust**<br>**(Unrestricted)**|**Designated**<br>**Funds**<br>**(unrestricted)**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|**Total**<br>**2020-21**|
|||£|£|£|£|£|£|
|**Income**||||||||
|1   Donations and legacies||635<br>243<br>139<br>230<br>292<br>205,010<br>30,200<br>48,534<br>14,544<br>6,260|||||0|
|2   Income from monetaryinvestments|||||||**1,539**|
|3   Income from investmentproperties|||||||**0**|
|4   Assessments on Churches|||||||**205,010**|
|5   Capital Receipts|||||||**78,734**|
|6   Grants received|||||||**0**|
|7   Other charitable income|||||||**20,804**|
|8**Total income**||**250,389**|**48,777**|**139**|**6,490**|**292**|**306,087**|
|**Expenditure**||||||||
|9   Grants and donations||21,391<br>112,869<br>28,072<br>14,651<br>49,508<br>704<br>1,556<br>9,715<br>9,815<br>6,218<br>815<br>56<br>5,455<br>270|||||**21,391**|
|10 Salaries and associated costs|||||||**140,941**|
|11 Propertymaintenance|||||||**14,651**|
|12 Connexional assessment & model trust levy|||||||**0**|
|13 District Assessment & Levy|||||||**51,768**|
|14 Depreciation|||||||**9,715**|
|15 Office expenses|||||||**16,033**|
|16 Other outgoings|||||||**6,596**|
|17**Total charitable expenditure**||**218,764**|**760**|**35,846**|**5,455**|**270**|**261,095**|
|18 Gains/(losses)on monetaryinvestments||0||||||
|19 Gains/(losses)on investmentproperties||||||||
|20**Net income/(expenditure)**||**31,625**|**48,017**|**-35,707**|**1,035**|**22**|**44,992**|
|21 Transfers between funds||53,000<br>-<br>53,000<br>0||||||
|22 Othergains/(losses)||||||||
|23**Net movement in funds**||**-21,375**|**101,017**|**-35,707**|**1,035**|**22**|**44,992**|
|24 Total funds brought forward||1,615,687<br>28,157<br>69,913<br>58,499<br>34,965<br>1,807,221||||||
|**25 Total funds carried forward**||**1,594,312**|**129,174**|**34,206**|**59,534**|**34,987**|**1,852,213**|
|of which cash & invs(excludingfixed assets):||171,112||||||



14 



## **Macclesfield Methodist Circuit** 


|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**|**Statement of Financial Activities (SOFA) for the year ended 31 August 2020**||
|---|---|---|---|---|---|---|---|
||**Notes to**<br>**the**<br>**accounts**|<br>**General Fund**<br>**(Unrestricted)**|**Circuit Model**<br>**Trust**<br>**(Unrestricted)**|**Designated**<br>**Funds**<br>**(unrestricted)**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|**Total**<br>**2019-20**|
|||£|£|£|£|£|£|
|**Income**||||||||
|Donations and legacies||0<br>1,120<br>325<br>714<br>551<br>328<br>**3,038**<br>**0**<br>195,221<br>**195,221**<br>22,632<br>53,128<br>**75,760**<br>**0**<br>364,945<br>6,370<br>**371,315**||||||
|Income from monetaryinvestments||||||||
|Income from investmentproperties||||||||
|Assessments on Churches||||||||
|Capital Receipts||||||||
|Grants received||||||||
|Other charitable income|12|||||||
|**Total income**||**583,918**|**53,453**|**714**|**6,921**|**328**|**645,334**|
|**Expenditure**||||||||
|Grants and donations||**0**<br>127,383<br>30,412<br>**157,795**<br>1,626<br>**1,626**<br>46,628<br>712<br>1,585<br>**48,925**<br>9,715<br>**9,715**<br>11,476<br>127<br>**11,603**<br>4,015<br>57<br>8,404<br>70<br>**12,546**||||||
|Salaries and associated costs||||||||
|Propertymaintenance||||||||
|District & Connex. Assessment & Levy||||||||
|Depreciation||||||||
|Office expenses||||||||
|Other outgoings||||||||
|**Total charitable expenditure**||**200,843**|**769**|**32,124**|**8,404**|**70**|**242,210**|
|Gains/(losses)on monetaryinvestments||229<br>229||||||
|Gains/(losses)on investmentproperties||||||||
|**Net income/(expenditure)**||**383,075**|**52,684**|**-31,410**|**-1,483**|**487**|**403,353**|
|Transfers between funds|13|52,259<br>53,000<br>-<br>1,000<br>259<br>-<br>0||||||
|Othergains/(losses)||||||||
|**Net movement in funds**||**435,334**|**-316**|**-30,410**|**-1,483**|**228**|**403,353**|
|Total funds brought forward||1,180,353<br>28,473<br>100,323<br>59,982<br>34,737<br>1,403,868||||||
|**Total funds carried forward**||**1,615,687**|**28,157**|**69,913**|**58,499**|**34,965**|**1,807,221**|



15 



## **Macclesfield Methodist Circuit** 


## **Balance Sheet** 

|**Balance Sheet**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Name of Circuit|||||||||**Circuit No**|
|||||||||||
|||**Balance **|**Sheet as at 31 August 2021**|||||||
|||||||||||
||**Notes to the**|**General Fund**<br>**(Unrestricted)**|**Circuit Model**<br>**Trusts**<br>**(Unrestricted)**|**Designated**<br>**Funds**<br>**(Unrestricted)**|**Restricted**<br>**Funds**|**Endowment**<br>**Funds**|**Totals**<br>**2020/21**||**Totals**<br>**2019/20**|
||**Accounts**|£|£|£|£|£|£||£|
|||||||||||
|**Fixed Assets**||||||||||
|Circuit Manses & Equipment||1,423,200|||||1,423,200||1,432,915|
|Investmentproperties|||||||0|||
|Investments||38,556|89,174||55,253|34,987|217,970||159,765|
|**_Total fixed assets_**||**1,461,756**|**89,174**|**0**|**55,253**|**34,987**|**1,641,170**||**1,592,680**|
|||||||||||
|**Current Assets**||||||||||
|Debtors||9,420|40,000||||49,420||9,293|
|Loans bythe Circuit|||||||0|||
|Investments with TMCP||||690|||690||62,232|
|Central Finance Board Deposits||143,758||33,516|||177,274||175,519|
|Cash at Bank and in hand||31,941|||4,281||36,222||19,860|
|**_Total current assets_**||**185,119**|**40,000**|**34,206**|**4,281**|**0**|**263,606**||**266,904**|
|**Current liabilities**||||||||||
|Creditors (due in under 1 year)||52,563|||||52,563||52,363|
|Grantspayable within 2018-19|||||||0|||
|**_Total current liabilities_**||**52,563**|**0**|**0**|**0**|**0**|**52,563**||**52,363**|
|**_Net current assets/liabilities_**||**132,556**|**40,000**|**34,206**|**4,281**|**0**|**211,043**||**214,541**|
|||||||||||
|**_Total assets less current liabilities_**||**1,594,312**|**129,174**|**34,206**|**59,534**|**34,987**|**1,852,213**||**1,807,221**|
|||||||||||
|||||||||||
|**Long term liabilities**<br>**(due after more than oneyear)**||||||||||
|Grantspayable after 2018-19|||||||**0**|||
|Loans to the Circuit|||||||**0**|||
||||||||**0**|||
|**_Net assets_**||**1,594,312**|**129,174**|**34,206**|**59,534**|**34,987**|**1,852,213**||**1,807,221**|
|||||||||||
|||||||||||
|**Funds of the Circuit**||||||||||
|General Fund(Unrestricted)||1,594,312|||||1,594,312||1,615,687|
|Circuit Model Trust Fund (Unrestricted)|||129,174||||129,174||28,157|
|Designated Funds(Unrestricted)||||34,206|||34,206||69,913|
|**_Total Unrestricted Funds_**|||||||**1,757,692**||**1,713,757**|
|Restricted Funds|||||**59,534**||59,534||**58,499**|
|Endowment Funds||||||**34,987**|34,987||**34,965**|
|**_Total Funds_**||**1,594,312**|**129,174**|**34,206**|**59,534**|**34,987**|1,852,213||**1,807,221**|
|of which cash & invs(excludingfixed assets):||171,112||||||||



16 



## **Macclesfield Methodist Circuit** 


## **Cash Flow Statement** 

||||||||**2021**||**2020**|
|---|---|---|---|---|---|---|---|---|---|
||||||||**£**||**£**|
|**Cash used in operating activities**||||Note 10|||**13,086**||_61,345_|
|||||||||||
|**Cashflows from investing activities**||||||||||
|Interest and dividends|||||||**1,539**||_3,038_|
|Proceeds of disposal of fixed assets|||||||**-**||_-_|
|Transfer in of tangible fixed assets|||||||**-**||_-_|
|Proceeds of sale of investments|||||||**3,712**||_1,712_|
|Reclassification as Current Assets|||||||**(53,000)**||_53,000_|
|Purchase of investments|||||||**(8,762)**||_(54,082)_|
|**Cashprovided by/(used in) investing activities**|||||||**(56,511)**||_3,668_|
|||||||||||
|**Cashflows from financing activities**||||||||||
|Proceeds from new borrowings|||||||**-**||_-_|
|Repayment of borrowing|||||||**-**||_-_|
|**Cash used in financing activities**|||||||**-**||_-_|
|||||||||||
|**Increase/(decrease) in cash & cash equivalents in theyear**|||||||**(43,425)**||_65,013_|
|||||||||||
|**Cash and cash equivalents brought forward**|||||||**257,611**||_192,598_|
|||||||||||
|**Cash and cash equivalents carried forward**|||||||**214,186**||_257,611_|



17 



## **Macclesfield Methodist Circuit** 


## **Notes to the Financial Statements** 

## **1 ACCOUNTING POLICIES** 

The following accounting policies have been applied consistently in dealing with items, which are considered material in relation to the charity’s financial statements. 

## **Scope of the financial statements** 

The financial statements relate solely to Macclesfield Methodist Circuit. 

## **Basis of preparation** 

The accounts (financial statements) have been prepared in accordance with: the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102); and the Charities Act 2011 and UK Generally Accepted Practice. 

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The charity constitutes a public benefit entity as defined by FRS102. 

## **Income** 

Total Incoming Resources as shown in the Statement of Financial Activities represents the net amounts from all sources. 

Income is recognised in the accounting period in which it is receivable, except in the following circumstances, when the income is deferred and included in creditors: 

·         The income relates to a future accounting period 

·         A sales invoice has been raised ahead of the work being carried out and the charity is not contractually entitled to the income until the work has been done 

·         Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded. 

Income includes grants in respect of revenue and capital items. 

18 



## **Macclesfield Methodist Circuit** 


## **Income recognition** 

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.  The following applies to particular types of income: 

**Grants** , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received. 

**General donations** from individuals and other bodies (not being of the nature of a grant) are recognised when receivable. 

Church Assessments are recognised in the period for which they have been given and any advance payments are deferred in line with the policy below. 

## **Deferred income** 

Income is only deferred and included in creditors when: 

- The income relates to a future accounting period 

- A sales invoice has been raised ahead of the work being carried out and there is no contractual entitlement to the income until the work has been done 

·         Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded 

## **Expenditure and irrecoverable VAT** 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.  Expenditure is classified under the following activity headings: 

Costs of raising funds, including those associated with fundraising activities and investment management cost. 

Charitable activities - costs of undertaking the work of the charity. 

The charity is not registered for VAT and cannot recover any input tax charged. Costs are stated inclusive of VAT where charged. 

## **Taxation** 

Macclesfield Methodist Circuit is exempt from Corporation Tax by reason of its charitable status. Income tax suffered on deeds of covenant and gift aid or investment income is reclaimed in full. 

## **Fixed assets and depreciation** 

The Circuit has capitalised the freehold properties for which it acts as the Managing Trustees at the Trustees’ valuation in 2018 or at subsequent purchase price.  Depreciation has been provided at the rate of 0.67% per annum. The Circuit has no other fixed assets. 

19 



## **Macclesfield Methodist Circuit** 


## **Investments, gains and losses** 

Fixed asset investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.  The SoFA includes the net gains and losses arising on revaluation and on disposals throughout the year. 

Gains and losses on are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference between sale proceeds (net of transaction costs) and the opening carrying value or cost, if acquired during the year.  Unrealised gains and losses are calculated on the difference between opening and closing fair values. 

## **Financial instruments** 

The charity has only basic financial instruments which are initially recorded at cost, and with the exception of investments (as set out above) subsequently measured at their settlement value. 

## **Methodist Ministers’ Pension Fund** 

The Circuit is a member of the Connexional pension scheme (MMPS) which covers presbyters and deacons of the Methodist Church. The contribution rates are set each year by the Methodist Conference, and for the year under review the employer contributions were 26.9% of stipend (2019: 26.9%). 

The MMPS is a multi-employer scheme, and in accordance with the guidance issued by the Charity Commission, the Circuit accounts for those contributions as if it were a defined contribution scheme. It has done so because it is unable to identify its share of the underlying assets and liabilities on a consistent and reasonable basis. Contributions are charged to the SoFA in the period in which they are payable. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

20 



## **Macclesfield Methodist Circuit** 


## **Notes 2 – 4** 

||||||||||
|---|---|---|---|---|---|---|---|---|
|**2.**|**Payments to Trustees**|||||**Thisyear**||**Lastyear**|
||||||||||
||Payments made to trustees for additional servicesprovided to||||£|None||None|
||||||||||
||Number of trustees who were<br>paid expenses|||||None||None|
||||||||||
||Nature of the expenses||||||||
||||||||||
||Total amountpaid|||£||Nil||Nil|
||||||||||
||||||||||
|**3.**|**Fees for examination or audit of the accounts**||||||||
||||||||||
||Independent examiner’s or auditors' fees  for reportingon the accounts||||£|1,000||1,000|
||||||||||
||Other fees(eg: advice,accountancyservices) paid to the examiner/auditor||||£|None||None|
||||||||||
||||||||||



21 



## **Macclesfield Methodist Circuit** 


|**4 **|**STAFF INFORMATION**|**STAFF INFORMATION**||||||**2021**||**2020**|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||**£**||**£**|
|**a **|**Staff costs**||||||||||
||Stipends and salaries|||||||**109,206**||_105,457_|
||Employer's NI contributions|||||||**9,658**||_9,161_|
||Pension contributions - Methodist Ministers Scheme|||||||**22,077**||_21,133_|
|||||||||**140,941**||_135,751_|
||||||||||||
||No staff member waspaid more than £60,000p.a. in eitheryear.||||||||||
||||||||||||
|**b **|**Key managementpersonnel**||||||||||
||The keymanagement of the charitycomprise the trustees,which includes the ordained members of staff who are||||||||||
||_ex officio_members of the Circuit Meetingbut do not receive any payment specificallyfor actingas trustees.||||||||||
||The other trustees do not receive anyremuneration for their services.||||||||||
|||||||||**£**||**£**|
||The total remuneration benefits of the keymanagement||||||||||
||Stipends|||||||**107,845**||_105,018_|
||||||||||||
|**c **|**Average staff numbers**||||||||||
||The average number of members of staff was as follows:-||||||||||
|||||||||**2021**||**2020**|
|||||||||**Average**||**Average**|
|||||||||**number**||**number**|
||Ordained staff(office holders not employees)|||||||**3**||_3_|
||Layemployees|||||||**2**||_2_|
|||||||||**5**||_5_|
||||||||||||



22 



## **Macclesfield Methodist Circuit** 

## **Note 5 – fixed assets** 



**----- Start of picture text -----**<br>
23<br>0 0 0 0 9,715 0 0 0<br>£ 17,085 26,800<br>Total 1,432,915 1,423,200<br>1,450,000 1,450,000<br>0 0 0<br>- -<br>£<br>Payments on  account and  assets under  construction<br>0 0 0<br>- -<br>£<br>Fixtures,  fittings and  equipment<br>0 0 0<br>-<br>£<br>assets<br>including<br>Other fixed<br>motor vehicles<br>0 0 0<br>- -<br>£<br>Other<br>buildings<br>£ 17,085 9,715 26,800<br>1,432,915 1,423,200<br>Manses 1,450,000 1,450,000<br>0 0 0<br>- -<br>£<br>Land<br>Detail of assets held: 4 Manses -  at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road,  Poynton<br>5.   Tangible Fixed Assets Cost or valuation Balance brought forward Additions Revaluations & Gain/Loss on Disposal (+/-) Disposals (-) Transfers (+/-) Balance carried forward Accumulated depreciation Balance brought forward Depreciation charge for year (-) Revaluations (+/-) Disposals (-) Transfers* (+/-) Balance carried forward Net book value Brought forward Carried forward<br>**----- End of picture text -----**<br>




## **Macclesfield Methodist Circuit** 

## **Notes 6 – 9** 



**----- Start of picture text -----**<br>
954 229 - - - - 229<br>2020 £ 160,167 53,128 (1,712) (53,000) 159,766 159,766 159,766 2020 £ 34,737 34,966<br>Endowment funds - - - -<br>21<br>£<br>34,966 34,987<br>2021<br>£ 227 8,534 (3,712) 53,000 155 £ 58,705 434 - (1,000) - - 58,139<br>2021 159,766 217,970 217,970 217,970 2020<br>114 - - -<br>Restricted funds (Graveyards) 2021 £ 58,139 (3,000) 55,253<br>520 (712) -<br>£<br>2020 66,725 53,128 (53,000) 66,661<br>£ 113 8,534 (712) 134<br>66,661 53,000<br>2021 127,730<br>Unrestricted funds (CMTF & Ebenezer)<br>6. FIXED ASSET INVESTMENTS Market value brought forward Income re-invested Additions at cost Disposals at carrying value Reclassification as Current Assets Net gain/(loss) on revaluation Market value carried forward Investments at fair value comprise: Cash held within investment portfolio Market value brought forward Income re-invested Additions at cost Disposals at carrying value Reclassification as Current Assets Net gain/(loss) on revaluation Market value carried forward<br>**----- End of picture text -----**<br>


24 



## **Macclesfield Methodist Circuit** 


|||**Macclesfield Methodist Circuit**|**Macclesfield Methodist Circuit**|**Macclesfield Methodist Circuit**|**Macclesfield Methodist Circuit**|**Macclesfield Methodist Circuit**|
|---|---|---|---|---|---|---|
||||||||
|**7.**|**Analysis of current assets**|||**Thisyear**||**Lastyear**|
||**Debtors andprepayments**|||**£**||**£**|
||Prepayments|||9,420||**9,293**|
||Other debtors|||40,000||**Nil**|
||**Total debtors andprepayments**|||**49,420**||**9,293**|
||||||||
|**8.**|**Analysis of current liabilities and long term creditors**||||||
||||||||
||Trade Creditors|||Nil||Nil|
||Other Creditors(principallyassessments received in advance)|||52,563||52,363|
||**Total Current Liabilities**|||**52,563**||**52,363**|
||||||||
||||||||
|**9.**|**Capital Commitments and Contingent Liabilities**||||||
||At the 31st August 2021  the Circuit has no capital commitments(2020: none).||||||
||No Contingent liabilities were identified at 31st August 2021 or 31st August 2020.||||||
||||||||
||||||||



**Notes 10 - 13** 

25 



## **Macclesfield Methodist Circuit** 


|**10 **|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES**|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
|||||||||**2021**||**2020**|
|||||||||**£**||**£**|
||Net income/(expenditure)before transfers|||||||**44,992**||_403,353_|
||Deduct/(add) gains/(losses)on investments|||||||**(155)**||_(229)_|
||Add back depreciation on fixed assets|||||||**9,715**||_9,715_|
||Deduct interest income shown in investingactivities|||||||**(1,539)**||_(3,038)_|
||Deduct non cash income(receipt of manse fixed asset ex Poynton circuit)|||||||**_-_**||_(350,000)_|
||Decrease/(increase)in debtors|||||||**(40,127)**||_(449)_|
||Increase/(decrease)in creditors|||||||**200**||_1,993_|
||**Net cashgenerated from/(used in) operating activities**|||||||**13,086**||_61,345_|



## **11 RELATED PARTY TRANSACTIONS** 

Stipends and allowances for presbyters and deacons (collectively known a ministers) are set out annually by the Methodist Conference, and the Circuit is responsible for meeting those costs for all Ministers appointed annually by the Conference to serve the Circuit. 

The following Ministers received the basic stipend £25,524 (2019/20 - £24,852) and were provided with living accommodation in 2020/21: The Revd Dr Graham Edwards, The Revd Helen Byrne and The Revd Ros Watson. 

The Revd Graham Edwards received the Connexionally agreed additional superintendents' allowance of £2,552 (2019/20 - £2,485). 

## **12 OTHER CHARITABLE INCOME** 

Other charitable income in 2020/21 of £14,544 included rental income from letting out a manse of £11,643. The previous year’s income of £15,410 included rental income from letting out a manse of £12,960. 

## **13 CIRCUIT MODEL TRUST MONEY** 

During the year, £53,000 was transferred back into Circuit Model Trust as the project it was earmarked for was cancelled. These Funds now form part of our general reserves and over the coming year, we will review what projects can be supported as part of the Circuit’s mission plan. Funds also increased due to the closure of two trusts previously held by Bollington Methodist Church being brought into the circuit. 


26