2022-08-31-accounts

Macclesfield Methodist Circuit

Annual Report and Financial Statements for the year ended 31 August 2022

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
INVESTMENT MANAGERS	Central Finance Board
	TMCP
INDEPENDENT EXAMINER	Peter Smith BA FCA DChA
	Peter Smith Accountancy Services
	9 Polruan Road
	Chorlton Cum Hardy
	Manchester
	M21 9NR

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Macclesfield Methodist Circuit

CONTENTS

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

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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 2022.

The Circuit consists of eight churches of varying sizes and locations within East Cheshire from Gawsworth in the south to Poynton in the north. Two of the eight, Walker Barn and Green Close ceased worship during the year.

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…

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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

• 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

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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)

• 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)

• 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

This has been the first full year of worshipping together since the start of the pandemic and it has been good to join together again in ‘business as usual’ whilst also having the benefit of ‘zoom’ and online services as appropriate.

Our churches have seen numbers steadily returning during the year (although not yet back to pre-pandemic levels) as congregation confidence grows and many weekday groups and events have now resumed. We remember those members we have lost during this period and also that Walker Barn chapel did not reopen for worship after lockdown.

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Macclesfield Methodist Circuit

Green Close reopened for services this year, but reduced numbers and the health of worshippers gave rise to the Church Council making the difficult decision to cease worship with effect from 31 July 2022. Whilst finances were sufficient to allow the church to continue, it has been the feeling that the work of the chapel has come to an end in its current setting.

As the Members have ceased to worship in the building the Circuit has taken over control of the building. The circuit is extremely grateful to those involved at Green Close 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.

We have seen a slow recovery in property lettings and although the loss of rental income has still affected our churches throughout the past financial year, we have again 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, which will no doubt need rebuilding! As a circuit we appreciate the hard work of our church Treasurers, especially during these difficult times and we will support them wherever possible.

Going forward, the circuit will be losing the assessment contribution of both Walker Barn and Green Close. The loss of assessment income from Walker Barn was budgeted for and assessments were raised for the financial year 2022-2023 for our remaining churches.

The decision of Green Close’s closure was taken after the annual budget had been prepared.

We have been very lucky in Macclesfield during recent years to be supported by a complement of three full time ministers. Other circuits have struggled due to a shortage of minister numbers generally and Altrincham circuit in particular, have been without a Superintendent for some time. The District requested assistance from Rev Dr Graham Edwards, our Superintendent Minister to support Altrincham. Arrangements have therefore been put in place for Superintendent support to be provided to Altrincham for a period of 12 months equating to 25% of Graham’s time with the remainder still within our own circuit. Rev Helen Byrne & Rev Ros Watson will assist in covering Graham’s Macclesfield’s responsibilities as necessary. Financial arrangements have been put in place for Altrincham to contribute pro rata to Superintendent stipend and manse costs. This arrangement should negate the shortfall in assessments to the Circuit following the loss of Green Close income.

It has been a full and busy year in our Children and Families work. Our Coordinator, Angela has run many face to face events over the year, such as Messy’s, (which have now increased to monthly frequency), Chippy church, Breakfast Church and Holiday Clubs whilst continuing work with local schools. Additionally, we have trialled moves into parent outreach with our ‘Women’s Winter Wellbeing’ events. Our toddler groups have returned and we continue to reach an increasing number of children and their families on a regular basis with this valuable work.

The Circuit identified a need to reach out to children & families in 2014 and has provided resources for this work to happen through focussed employment of various lay workers since then. When we started this programme there were only a handful of families across all the churches engaging in any form of Christian encounter and we had no online presence at all. The numbers of families we are now in contact with is over 300 and regular (monthly) contact with 50 families.

Prior to Covid lockdown we had successfully developed three online social media facebook sites. This powerful communication channel, along with our own database of families, has enabled our ministry to families grow and could be sustained when lockdown took away face-to-face contact for a long time.

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Macclesfield Methodist Circuit

After four years of employing church based workers, the Circuit decided in 2019 to appoint a coordinating role instead and we appointed Angela Bourne to the role Circuit Children & Families Co-ordinator in September 2019. Her role was to oversee our work with families, develop deeper links into schools, consider what does and doesn’t work on the ground to make best use of the resources available and to encourage local volunteers to get involved with the various family centred events held around the circuit. Angela was also employed to consider strategically how we move forward with our already well-established families work at various sites around the Circuit.

Angela is a full-time member of our Circuit Leadership Team and considered one of the Circuit Staff, her focus being on developing and sustaining our contact with existing and new families in Macclesfield and surrounding areas. Her contract has now been extended for another three years. The Circuit believes we are fulfilling a need within the community in providing essential outreach to children and families within the area and has allocated resources from reserves accordingly. It is also hoped individual churches will contribute financially to fund equipment and supplies.

Our work with young families has been running for a number of years and those who came to us as babies are now going into high school. We have noticed a trend of year 6+ not wanting to continue within a Family Church structure as such and requiring their own space. We want to provide for this age group too, but youth work is very specific, requires a skillset and training along with an ability to understand and engage in youth culture of today – online and face to face. The Circuit has therefore agreed to allocate a separate pot of funding earmarked for youth work and options for this will be explored over the coming months.

Having allocated existing reserves to fund the work detailed above, the circuit will once again be reviewing its reserves policy as part of our ongoing financial management.

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 fairly static. 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 2022/2023 financial year. Over the year it is anticipated the circuit will look at the disposal of the Walker Barn building and all that will entail, whilst also considering the future of the Green Close building.

Assessments were slightly down on the previous year due to the closure of Green Close. The remaining churches have agreed to small increases in assessments for the coming year (2022/23) to cover the loss of Walker Barn’s assessment and as mentioned earlier in this report, income from Altrincham circuit will help to cover the shortfall from the loss of Green Close’s assessment.

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.

A capital receipt of £52,887 was received in August 2022, just prior to year-end and relates to the HG & P circuit share of the sale proceeds for Offerton church. These funds were recognised as a debtor of £40,000 in the previous years’ accounts and the final figure was in fact more than had been anticipated. Funds were paid into the Circuit Model Trust fund and will help towards overall circuit reserves. As Walker Barn and Green Close ceased to worship in the year, their net assets have been recognised in the Circuit accounts by way of capital receipt income of £282,210. A further breakdown of this figure is given in Note 7 to the accounts. The

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Macclesfield Methodist Circuit

Circuit is proposing to dispose of both chapel sites through sale on the open market. Timing of completion of this process is uncertain.

The rental income relates to the rental of a manse and with agreement of the Circuit Meeting, the tenancy was renewed for just a six month period to 30 March 2022 as the family’s financial situation was uncertain. Following a subsequent review of finances by the Local Authority the tenancy was renewed in March 2022 for a 12-month period subject to a small uplift in the monthly rental. 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.

Income from the two Graveyards has covered expenses this year, fees had been increased from 1 February 2021 and will be reviewed on an ongoing basis. We also continue to receive ad-hoc donations for the graveyards and these are all used towards the cost of ongoing gardening and maintenance work.

During the year quinquennial reports were carried out on Broken Cross and Macclesfield churches. The report findings have been passed to the individual churches in order for them to deal with areas requiring attention.

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. Lay worker salaries are based on the role specification and move in line with the annual percentage stipend increase.

The current appointments of all three ministers end on 31.08.23. Following the closure of Green Close, we have 6 churches, 400 members and 3 ministers. Going forward Macclesfield Circuit may not be able to afford 3 ministers and it does not serve the Connexion properly to try to hold on to having 3 ministers. It was therefore agreed the circuit reduce to 2 ministers from 01.09.23.

Our work with Children & Families remains a thriving area of focus for the circuit. Having recently agreed to continue funding this work for a further three years, we look forward to opportunities for youth work as mentioned earlier in this report. Funded by reserves, this mission will form another area of our expenditure.

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. Our District contribution will increase slightly for the coming year. The other expenditure includes staff costs and maintenance of the manses.

No Circuit grants were made during the year.

During the year, churches made contributions of £1,235 (2020-21 £765) to the circuit which were subsequently paid over to the Connexion to be split between the Property fund £810 and Fund for Presbyters/Deacons £425.

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

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Macclesfield Methodist Circuit

have developed robust procedures for safeguarding children, young people, and vulnerable adults including the appointment of a Circuit Safeguarding Officer.

Principal Funding Sources

Contributions from the Churches by way of Circuit Assessment continue to be the main source of funding, accounting for 93% (2021: 82%) of normal unrestricted income. The letting of the manse at Atholl Close is reviewed annually with rental income accounting for 5% (2021: 4%) of normal unrestricted income.

Fund balances

Over the year fund balances increased by £271,874 to stand at £2,124,087.

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 2022 general reserves totalled £1,817,518 of which £1,413,485 are tied up in fixed assets (properties), and £282,210 in the assets of Walker Barn and Green Close churches, which are some time off converting fully into cash, leaving liquid reserves of £121,823. 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 2021/22 was £191k thus requiring a reserve of approximately £95.5k 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 £30k is considered prudent for this purpose.

On this basis total general reserves required are approximately £125,500 compared to £121,823 available. No decisions as to how the reserve of £282,210 from the Walker Barn and Green Close churches will be taken until those assets covert fully into cash once buyers are found for each property.

2. Circuit Model Trust Fund

This totals £86,933 and represents a further unrestricted fund, held with TMCP. Over the year sums of £27,702.68 and £1,043.84 were transferred into the trust following the closure of endowment trust funds previously relating to Bollington and Over Alderley Methodist churches. These funds may be used for mission purposes.

Funds within Model Trust can be used to meet the shortfall in general reserves with the remainder considered as a contingency. Each year it attracts a 2.5% District levy.

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Macclesfield Methodist Circuit

3. Designated funds

These total £156,500 and represent unrestricted funds that the Circuit trustees have agreed to set aside for funding a children and families co-ordinator role for a further three years along with an allocation of funding for potential youth work. Funds from circuit trust funds that were previously designated for mission purposes form part of this sum.

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

In order to simplify the circuit’s finances, a review of the endowment trusts which represented bequests that have been left in favour of former Bollington and Over Alderley churches meant that over the year three endowment trusts have been closed and funds transferred into Circuit Model Trust or the Graveyard trust (as point 4) as appropriate.

Only one endowment fund now remains. This is where the capital cannot be accessed and it relates to Over Alderley. The income however, can be used towards the upkeep of the Over Alderley graveyard.

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 2022/2023

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).

We live in difficult times. Having emerged from long periods of lockdown and the associated loss of rental income this brought, we are now faced with a cost of living crisis which will no doubt impact churches through increased running costs and potential loss of income whilst facing increasing need in the communities in which they serve.

As a circuit, we are already experiencing the loss of assessment income from two churches and with staffing levels unchanged it was clear assessments overall needed to increase for the coming year. As part of the budgeting process we asked for a collective responsibility approach to setting assessments. Our churches are a broad mix of village chapels and town centre churches and serve different communities in different ways but by supporting each other we can maximise our outreach. Churches have agreed to respond accordingly and we will also receive income from the Altrincham circuit and from the letting of one of the manses.

The District assessment is increasing by 2.25% for 2022/23.

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Macclesfield Methodist Circuit

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.

Macclesfield Circuit Meeting constitution [S.O. 510] September 2021 [46 members – *currently 2 multiple with qualifications]

(i) The ex officio members (S.O. 552) [8 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 Mr Alex Price Mrs Jane Walker (Treasurer)

(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 Sheila 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]

Miss Susan Mellor

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Macclesfield Methodist Circuit

(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 Mrs Joan Green

Gawsworth Methodist Church [3]

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

Green Close Methodist Church [3]

Church Steward Mrs Brenda Wainwright Treasurer Mrs Sheila 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 *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

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Macclesfield Methodist Circuit

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

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.

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.

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 and pay moves in line with the annual percentage stipend increase.

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Macclesfield Methodist Circuit

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. The Circuit Leadership Team has been reviewing the Circuit Mission Plan and agreeing priorities for the continuing work of the circuit. It is hoped the updated Mission Plan can be presented to Circuit Meeting during the course of the year.

Ongoing maintenance and management of the manses and graveyards will be the focus of the Circuit Stewards with responsibility for property. Changes within the stationing arrangements will mean particular attention focussing at least one of the manse properties in 2023.

Other issues will be dealing with Walker Barn and Green Close churches and we are thankful of the mission those churches provided to their communities.

The online Sunday services continue to be a link to those not able to reach us in other ways and we also hope to be able to develop relationships with those viewers outside of the circuit. As such it is planned to continue with online services for the time being and review in due course. Online services on posted on Youtube and can be accessed via the Circuit website.

Sunday evening services have been a mixture of ‘in person’ and zoom prayers and the ministers continually review the worship styles we offer.

2022-2023 being the start of a new three year term will bring a period of stability to our Children & Families Coordinator’s work and we look forward to engaging further with the families already in contact and constantly extending our outreach to new families.

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, Peter Smith, of Peter Smith Accountancy Services has been appointed as Independent Examiner.

REV GRAHAM EDWARDS

ON BEHALF OF CIRCUIT MEETING

DATE 8 MARCH 2023

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Macclesfield Methodist Circuit

Independent Examiner’s Report to the Trustees of the Macclesfield Methodist Circuit for the year ended August 31 2022

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 Peter Smith Accountancy Services 9 Polruan Road Chorlton-cum-Hardy Manchester M21 9NR

Date: April 13 2023

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Macclesfield Methodist Circuit

Statement of Financial Activities

Statement of Financial Activities (SOFA) for the year ended 31 August 2022	Statement of Financial Activities (SOFA) for the year ended 31 August 2022	Statement of Financial Activities (SOFA) for the year ended 31 August 2022	Statement of Financial Activities (SOFA) for the year ended 31 August 2022	Statement of Financial Activities (SOFA) for the year ended 31 August 2022	Statement of Financial Activities (SOFA) for the year ended 31 August 2022	Statement of Financial Activities (SOFA) for the year ended 31 August 2022
	Notes to the accounts	General Fund (Unrestricted)	Circuit Model Trust (Unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Endowment Funds	Total 2021-22
		£	£	£	£	£	£
Income
1 Donations and legacies		1,047 636 47 260 70 12,530 202,760 282,210 12,887					0
2 Income from monetaryinvestments							2,060
3 Income from investmentproperties							12,530
4 Assessments on Churches							202,760
5 Capital Receipts	7						295,097
6 Grants received		85 1,295 1,252 5,722					85
7 Other charitable income	12						8,269
8Total income		499,842	13,523	1,384	5,982	70	520,801
Expenditure
9 Grants and donations		114,808 28,436 13,847 47,770 2,229 17 9,715 12,082 6,726 2,325 254 5,375 70					0
10 Salaries and associated costs							143,244
11 Propertymaintenance							13,847
12 Connexional assessment & model trust levy							0
13 District Assessment & Levy							50,016
14 Depreciation							9,715
15 Office expenses							18,808
16 Other outgoings							8,024
17Total charitable expenditure		200,547	2,483	35,179	5,375	70	243,654
18 Gains/(losses)on monetaryinvestments		2,028 - 3,245 - -5,273
19 Gains/(losses)on investmentproperties
20Net income/(expenditure)		299,295	9,012	-33,795	607	-3,245	271,874
21 Transfers between funds	13	76,089 - 51,253 - 156,089 240 28,987 - 0
22 Othergains/(losses)
23Net movement in funds		223,206	-42,241	122,294	847	-32,232	271,874
24 Total funds brought forward		1,594,312 129,174 34,206 59,534 34,987 1,852,213
25 Total funds carried forward		1,817,518	86,933	156,500	60,381	2,755	2,124,087
				Note 14

15

Macclesfield Methodist Circuit

Statement of Financial Activities (SOFA) for the year ended 31 August 2021	Statement of Financial Activities (SOFA) for the year ended 31 August 2021	Statement of Financial Activities (SOFA) for the year ended 31 August 2021	Statement of Financial Activities (SOFA) for the year ended 31 August 2021	Statement of Financial Activities (SOFA) for the year ended 31 August 2021	Statement of Financial Activities (SOFA) for the year ended 31 August 2021	Statement of Financial Activities (SOFA) for the year ended 31 August 2021
	Notes to the accounts	General Fund (Unrestricted)	Circuit Model Trust (Unrestricted)	Designated Funds (unrestricted)	Restricted Funds	Endowment Funds	Total 2020-21
		£	£	£	£	£	£
Income
1 Donations and legacies		635 243 139 230 292 205,010 30,200 48,534 14,544 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
8Total income		250,389	48,777	139	6,490	292	306,087
Expenditure
9 Grants and donations		21,391 112,869 28,072 14,651 49,508 704 1,556 9,715 9,815 6,218 815 56 5,455 270					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
17Total charitable expenditure		218,764	760	35,846	5,455	270	261,095
18 Gains/(losses)on monetaryinvestments		0
19 Gains/(losses)on investmentproperties
20Net income/(expenditure)		31,625	48,017	-35,707	1,035	22	44,992
21 Transfers between funds		53,000 - 53,000 0
22 Othergains/(losses)
23Net movement in funds		-21,375	101,017	-35,707	1,035	22	44,992
24 Total funds brought forward		1,615,687 28,157 69,913 58,499 34,965 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

16

Macclesfield Methodist Circuit

Balance Sheet

Balance Sheet
		**Balance **	Sheet as at 31 August 2022
	Notes to the	General Fund (Unrestricted)	Circuit Model Trusts (Unrestricted)	Designated Funds (Unrestricted)	Restricted Funds	Endowment Funds	Totals 2021/22		Totals 2020/21
	Accounts	£	£	£	£	£	£		£
Fixed Assets
Circuit Manses & Equipment		1,413,485					1,413,485		1,423,200
Investmentproperties							0		0
Investments			86,933		55,658	2,755	145,346		217,970
Total fixed assets		1,413,485	86,933	0	55,658	2,755	1,558,831		1,641,170
Current Assets
Debtors	7	291,922			500		292,422		49,420
Loans bythe Circuit							0		0
Investments with TMCP							0		690
Central Finance Board Deposits		147,089		156,500			303,589		177,274
Cash at Bank and in hand		15,643			4,223		19,866		36,222
Total current assets		454,654	0	156,500	4,723	0	615,877		263,606
Current liabilities
Creditors (due in under 1 year)		50,621					50,621		52,563
Grantspayable within 2018-19							0		0
Total current liabilities		50,621	0	0	0	0	50,621		52,563
Net current assets/liabilities		404,033	0	156,500	4,723	0	565,256		211,043
Total assets less current liabilities		1,817,518	86,933	156,500	60,381	2,755	2,124,087		1,852,213
Long term liabilities (due after more than oneyear)
Grantspayable after 2018-19							0		0
Loans to the Circuit							0		0
							0		0
Net assets		1,817,518	86,933	156,500	60,381	2,755	2,124,087		1,852,213
Funds of the Circuit
General Fund(Unrestricted)		1,817,518					1,817,518		1,594,312
Circuit Model Trust Fund (Unrestricted)			86,933				86,933		129,174
Designated Funds(Unrestricted)				156,500			156,500		34,206
Total Unrestricted Funds							2,060,951		1,757,692
Restricted Funds					60,381		60,381		59,534
Endowment Funds						2,755	2,755		34,987
Total Funds		1,817,518	86,933	156,500	60,381	2,755	2,124,087		1,852,213

17

Macclesfield Methodist Circuit

Cash Flow Statement

							2022				2021
							£				£
Cash used in operating activities				Note 10			39,857				13,086
Cashflows from investing activities
Interest and dividends							2,060				1,539
Proceeds of disposal of fixed assets							-				-
Transfer in of tangible fixed assets							-				-
Proceeds of sale of investments							118,586				3,712
Reclassification as Current Assets							-				(53,000)
Purchase of investments							(51,235)				(8,762)
Cashprovided by/(used in) investing activities							69,411				(56,511)
Cashflows from financing activities
Proceeds from new borrowings							-				-
Repayment of borrowing							-				-
Cash used in financing activities							-				-
Increase/(decrease) in cash & cash equivalents in theyear							109,268				(43,425)
Cash and cash equivalents brought forward							214,186				257,611
Cash and cash equivalents carried forward							323,454				214,186

18

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.

19

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.

20

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 (2020: 26.9%). Contributions will increase to 29.6% from 1 September 2022.

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.

21

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 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

22

Macclesfield Methodist Circuit

**4 **	STAFF INFORMATION	STAFF INFORMATION						2022				2021
								£				£
**a **	Staff costs
	Stipends and salaries							110,526				109,206
	Employer's NI contributions							10,137				9,658
	Pension contributions - Methodist Ministers Scheme							22,870				22,077
								143,533				140,941
	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							143,533				140,941
**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

23

Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation	Macclesfield Methodist Circuit Note 5 – fixed assets 5. Tangible Fixed Assets Land Manses Other buildings Other fixed assets including motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ £ Balance brought forward 0 1,450,000 0 0 0 0 1,450,000 Additions 0 Revaluations & Gain/Loss on Disposal (+/-) 0 Disposals (-) 0 Transfers (+/-) 0 Balance carried forward 0 1,450,000 0 0 0 0 1,450,000 Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton Cost or valuation Accumulated depreciation
		Detail of assets held: 4 Manses - at Marlborough Drive, Tytherington, Moss Brow, Bollington, Atholl Close, Macclesfield and Ivy Road, Poynton				Cost or valuation	Total	£	1,450,000	0	0	0	0	1,450,000	Accumulated depreciation	26,800	9,715	0	0	0	36,515	Net book value	1,423,200	1,413,485
							Payments on account and assets under construction	£	0					0							0		-	-
							Fixtures, fittings and equipment	£	0					0							0		-	-
							Other buildings Other fixed assets including motor vehicles	£ £	0 0					0 0							0			-
																					0		-	-
							Land Manses	£ £	0 1,450,000					0 1,450,000		26,800	9,715				36,515		1,423,200	1,413,485
																					0		-	-
	5. Tangible Fixed Assets								Balance brought forward	Additions	Revaluations & Gain/Loss on Disposal (+/-)	Disposals (-)	Transfers (+/-)	Balance carried forward		Balance brought forward	Depreciation charge for year (-)	Revaluations (+/-)	Disposals (-)	Transfers* (+/-)	Balance carried forward		Brought forward	Carried forward

24

----- Start of picture text -----
£ 227 8,534 (3,712) 53,000 155 £ 34,966 - - - - 21 34,987
2021 159,766 217,970 217,970 217,970 2021
Endowment funds
2022 £ 34,987 (28,987) (3,245) 2,755
- 114 - - -
£ (1,652) 52,886 (5,272) £ 58,139 (3,000) 55,253
2022 217,970 (118,586) 145,346 145,346 145,346 2021
165 240
£
Restricted funds (Graveyards) 2022 55,253 55,658
£ 113 8,534 (712) 134
66,661 53,000
2021 127,730
£ (1,817) 52,886 28,747 (2,027) 86,933
2022 127,730 (118,586)
Unrestricted funds (CMTF & Ebenezer)
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 Transfers Reclassification as Current Assets Net gain/(loss) on revaluation Market value carried forward
----- End of picture text -----

Macclesfield Methodist Circuit

Notes 6 – 9

25

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			10,212		9,420
	Other debtors			282,210		40,000
	Total debtors andprepayments			292,422		9,420
	At 31st August 2022, Walker Barn and Green Close Methodist Churches had ceased to worship and come under the control of the Circuit. Residual remaining net assets have been included in these accounts as a capital receipt in income and other debtor on the balance sheet. The balance of £282,210 comprises:
	Green Close building at estimated sale proceeds net of levy and other costs	£220,000
	Walker Barn building at estimated sale proceeds net of levy and other costs	£20,000
	Cash and cash equivalents	£42,210
8.	Analysis of current liabilities and long term creditors
	Trade Creditors			Nil		Nil
	Other Creditors(principallyassessments received in advance)			50,621		52,563
	Total Current Liabilities			50,621		52,563
9.	Capital Commitments and Contingent Liabilities
	At the 31st August 2022 the Circuit has no capital commitments(2021: none).
	No Contingent liabilities were identified at 31st August 2022 or 31st August 2021.

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Macclesfield Methodist Circuit

Notes 10 - 13

**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
								2022		2021
								£		£
	Net income/(expenditure)before transfers							271,874		44,992
	Deduct/(add) gains/(losses)on investments							5,272		(155)
	Add back depreciation on fixed assets							9,715		9,715
	Deduct interest income shown in investingactivities							(2,060)		(1,539)
	Decrease/(increase)in debtors							(243,002)		(40,127)
	Increase/(decrease)in creditors							(1,942)		200
	Net cashgenerated from/(used in) operating activities							39,857		13,086

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 £25,916 (2020/21 - £25,524) and were provided with living accommodation in 2021/22: 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 £2,592 (2020/21 - £2,552).

12 OTHER CHARITABLE INCOME

Other charitable income in 2021/22 of £1,295 included income from donations. Rental income from letting out a manse was £12,530. The previous year’s Other charitable income of £14,544 included rental income from letting out a manse of £11,643.

13 CIRCUIT MODEL TRUST MONEY

During the year the Circuit agreed to move £51,253 into designated funds from the Circuit Model Trust Fund towards the next three years of funding for the Circuit Family worker. An amount of £52,887 was received just prior to the year-end representing the final distribution of funds following the breakup of the Poynton and Hazel Grove circuit. Funds of £27,703 were transferred into the Model Trust fund due to the closure of a trust previously held by the circuit in relation to Bollington Methodist Church. These Funds now form part of our general reserves. In the previous year, £53,000 was transferred back into Circuit Model Trust as the project it was earmarked for was cancelled.

14 DESIGNATED FUNDS

At 31 December 2022 designated funds totalled £156,500, this represents three further years of funding for the Circuit Family Worker totalling £126,500 and £30,000 to support future Youth related work.

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