Charity number 1150394 TRANSFORMING CHURCHES & COMMUNmE5 ANNUAL REPORT AND FINANCIAL StATEMEKrs FOR THE YEAR ENDED 31 AUGiIST 2023
Trdnslomiin Churches and Communltles Contents of the Financial Statements rthe Year Ended 31 Au st 2023 Admlnlstrattve Infom)atlon....--.--.---.........-.-.---.__......__..-..--.-.... Trustees, and Dlrectors, annual rerA)rt..--.----. Independent exam15 reporr.........-.-.-. Staternent of finanoal actNities.-....._...____ Balart Sheet.............................-.-.---....____ Notes to the finandal thtements.._.__ -9-16
Transforn)in Churche5 and Communities Administrative Infomiation for the Year Ended 31 st 2023 DIRECTORS Revd Cathy Bird Kristk4n Main Ichairl Sando Waddington Rev MKhaelTindsbey Note.. followiNdthe end of this business year Revfinds* and Kris¥an Main bjth stepped down, in January 24 and Septernber23 respectivety. They We replaced by Stephanie Rouxand Rev Caroline WKken5 in December 23. Rev Carollne Wlckens took over as chalr. Atxgall Pa REGISTERED OFFICE AND PRINapAL PL OF BUSINESS un 16. We$centre ROY Road MancheAer M15 5BP INDEPENDENT EXAMINER Leanne Nield ACA Arc Accountancy solUtk bmited 51 La¥Èrttsn Road Lytharn St. Annes Lancashi FY8 IEN BANKERS UnrtyTrust Bank pk Nine Bndplace Birrningharn Bl 2HB
Transfonnin Churche5 and Communitie5 Trustees, and Directors, annual re for the Year Ended 31 Au 2023 The trustees present t1r annual reF4Jrttogetherwlth the finarKlal smementsof the chariryforthe yearended 31rt Au8USt 2023. REPORnNG FRAMEWORX Thefinanclal 5tatementscompfy wrth the CharltÈsAtt2011. the CIO goyemlng docunErt. and Accounting and Reportlng by Charitles.. Statement ot Recommended Practice ap[cable to char1t$ preparing thelr accounts in accordance wtth the Financial Reportin8 Stsndard applicable in the UK and Republic of Iretand IFRS1021 leffecY¥t ljanuary 20191. referred to a5 the Charltfes SORP IFRS 1021 (second edltion- October 20191. OBJECTIVES AND ACTIVrnES Charltable )ble¢ts Charlvs oblettives are= To promote any tharltsble wrpose for the benefft of the publk. prlncipany bLrt t exdusfvety the geographical area covered by The Methodist Church in Britain and rts environs lhereafterc3l the.area of benenfl and, in particular. bulld the capacity of thlrd sector organisations irKluding Methodi%t churches, other Christian denomlnations and other far(h communitvés and provlde them with the necessarysupwrL infomiation and5ervicesto enable them to PUf5ue or contrlbute to any charltable purpose, where, hlrd sertort rneans chorilie5. voluTrtsry or8anisatiLw and social enterprises: °charities- are organtsatlons estsblishedforexclusNety charifdbk wrposes in accordan wtth tho14w ol En8land and Wales. IrKluding Methodst Churches. other Chrtsltan detminatiortsaThd otherfafth communitie5; ohtntsry0rBantlOnS and stxlal enterprises- are indepeTrdentorgaThlsations. which are e5tsbllshed for pur[M)s thai add value to the community, and whKh are Tr)t pernirtted bytheircon5trtutioTr to make a profrt for prate distributh?n. voluntary0notItsns and soKial enterprises not include local government or other statui0ryahOrle$. 2. To prorTrJte. organise and fa¢ilitatet(koperat)n and partnership workln8 between third sector, 5tabJtoryand otr relevant bodies in achlevement of the above purpjses within the area of benefit Actlylties The Charlty achleves objertwe5 bythe delweryof infomptr)n. and KUKlan ILAGI, congJknrKy. projett mana8ernent and otheract[es. PublSc b•n•fft In shaplng our objecte$fOr the year and plannsng our attNit*s. thetsust&5 4ve considered the Charlty Commission's guidance on publK benefit. Including the guidance tsn publK nefft and fee chargirtg. The charlty lieS on grants and the Income from fees and charges to covei its operatingcosts. In setting the level of fees and chargesthetrustees gNe consideration to the arce55ibility to actfvities for individuals and organlsattons with low Irrne. ACHIEVEMEKts AND PERFORMANCE The attwttE5 of TCC are malnly based on outreach sUPPOrt provided for on a needs basis. The rnain5tay of the seNice Is organi5ational and commtsntiy developrnent_ The fvndamentsl belief 15 that TCC is an enabler antl seeks to empower the people work5 With to develop their sk1115, knowledge and experience to ¢Jo thetr bestfor thelr nMberS and cornrnunities. Sustsinability and seeterninatIon Is always at the forelront of ouryjpport deIrery. TCCS ma5n acllvltFes are: 1rrfotmatk. Advlo and GuldaTr IIAGI Ser¥ke.' The IAG servlce provKles a r6Tr¥e of, mainty, electronic based resour acSed throu8h Thjr web51te. Thls Include5 poIIcy documents. fact sheets and useful information on current fundingand otherorganisational deveknpffrt OprtUnItIeS.
Transforniin Churches and Communities Trustees, and Directors, annual re for the Year Ended 31 Au st 202 A regular, monthty. ernail bUltin is urcukted to our contacts. sharing 8d fvndlng OpportunleS and tralning opportunities. ConsultanrySerdc•: The ton5ultancy seFvke pwdes & greater 1 of In-depth Thè needsthat are identified through the flrst level process will often lead to an increased range of supwrt and will almost certalnty be a longer-term rektionship. Th1$ service has a cost attrlbutedto it, whether f( is a dlrett payrTientto TCQ as the trainior£onSul[arKydelefer. orlt may include en8a8ing external consultants with the necessary s1. kA)wAedge and eyFefre that TCC may ra)t have, to enyjre the most approprwte level of support. In er(hercasèTCC wlll manage the agreed with the rficry. Project M8n•8emert TCC provldes a compiehensive project managemeFrt servti lor orBani5ati0r. churches and project5. The range of the servtes can be as small or as large as ihe organisath)n requi. 4. SeTrlce support TCC provides bu5ine5s as usual support to churches, Metl)di5t and orcu$ in matter5 of treasury, bookkeepin8 and property managemenL We also continue to supwjrt our existing actwrties and ensure that as many peop acro55 the North West and yond know of our work and services on offer. In order to achieve this. we COnstsnt share wr succe55e5. attend numerous events such as Synods and methOdt Conference. Sha a Month tsbu1ln and constanty irKrease the mailin% list. FINANaAL REVIEW Overvl¢w The charty had a shortfall for the year on unrestricted funds of £3338 and reser¥e5 carrled forward of £381. Rlsk manwmtnt The Tru5tee5 have identrfied ihe Major risksfr•cin8the Ority and ha¥etaken stepsto mwte those rfsks. Reserves The reserves policy is to hold. In a desigrsated fijnd. three rnonths of eX[nditu. Although the finarKlal positK)n is improvin8 we have not been able to accumulate three Months, expenditure. but will endeavourto do this by the end of the finala1 year. Atthe year-end our free re$erve$ lunrestrKted funds not invested in fixed •ssets or otheThvi5e de5ionatedl were £ILB721 and Ire wasa deslgnated fund of £2,253 forseverarKe pay. Golng conc¢m The DITertor5 have considered whetherthe charity is entitled to prepa the accounts onthe8oingc0Tern bas15. they have concluded that rt is appropriate because.. The budget for 2023124 and lore£a5t update at March 20245h)w5thatthe charlty Is expected to 5ubstantialty Improve Its Posttlon In 2023124. Increaslng reserves by at ast £30.(tKJ There have been sub5tatttial order5 Since year end.. The charity is able to rneet it5 liabilitiesastlw fall thre. FUTURE PLANS To Continue to increase our profile to Methodlst Church Districts outsfjde the North Wesi Seekto develop our historlc offerlngs to tter suft tho nÈeds of our cl*rtts. Seek 5trate8ic devek)pment in a way that testser¥esthe need5 of otsrc1ntsand the cha181taon of the Methodlst thurch
Transfornli Churches and Communities Trustee5' and Dlrectors. annual re for the Year Eniled 31 Au st2 Forni cl¢xer reknionships wfth pDtentl partneiorganisatlons such asthe Learnln¥ Neknwykto ensure an effklent use of tirne, and Verage for the need5 of ourclients. STRUCTURE. GOVERNANCE AND MA14AGEMEKr Governing Document The Charlty Is a (haittab Incorporated Organisatn{00), numter8193683. Its CIO-A550ckatron nVerS1on Is dd 9 N0vernr 2018. It was regl%ted wh the Charity Cornm[0 as a charity wrth effectfrom 8J¥rwary 2013 with the dwrity number 1150394. Although rnembershlp of the charity fs n¢X restricled. the current member5hipcomprises all mber$of the District Councll of the Manchetter and stoCkrt DIStr of the Methodlst Church of Great Brtsln. to whomthe 00 is responsible byvlrtue of the Methodist Church Acr 1976 ané the Constrtutional practi and Discipline of the Methodist Church las approved by its governlr boo¥, the Conference ofthe Meihodist Churth ofGreat Britsinl. This danfiesthe Swments made in eartrTrUSteeS Reports ie8arding membershlp of the charty. An IndNidual ceases to be a rnernr ofthe charitywhen tSet0 be a member ofthe District COUKII. App)Sntment of Dlrqclor5 arKI Trustms The Directors. who a the Trustees. are oppointed by the members th general [etkng and a 0)IleCU¥e known as the Board. At each AGM. third of the Directors retire by rotstion. Ing the k)npt in office and are eliwble for re-elethon. The Board ha5 the power to Co-opt trustee5, but such people On hold offe until the next AGM, and (ks not count in determining those retirin8 bv rotath?n but are ellglbk lor election. The Trustees who seryed durlngthe yeai, tyther with arry chaN4e5 UP to the date of approvln8this reFQrtare listed on page l. Tr1 retrultrn•nt, Indurtlon and tr•inln8 Trustees are cruited for thelr ¢omrnTtrnent and the skills and knowle(e they can bdng to the organfj5atlon. All trustees re1Ve Inductlon InfOrmatrt and tF31ninE as appropriate to their needs and there an OPFOrtunlty to access onolng tralnin8 for prsonal development. Re8iMer of interests Trustees are reqUId to complete a fomi on •pltrn( whkh ts uwlated annual. Tegtstering their interests. including the membership of othervoluntary organisatbns. The Board OcedureS ensure thatTntstees do parddpate in ded5ions In whl¢h thev have an In$t Oryanisation The Board. whkh must not be 5$ than three member5 but & t subject to any UPFef limrt. adrnlnLsters the Cffiartty and meets as necessary durlng the year. The day-to-day operation5 of the Charlty are the reswnsibillty of the Senhx DlopMent Manager to whom the Trustees delegate authority for otratk)nal matters Includi finan, emplrymert and deyebpment, within the overall strategy agreed bythe Board. operatFon wlth Mh¢ror8an15atTM5l£harltles whitthe Clwrivs income deresaIoSt exclusNetyfrom the MethOdChUrch. we have a Thum[0f operatlonaland strategic links wlth other Charltles and charrtable projects who share our commr(ment to wblic teTrefft. We also work with churches from other Christian denornlnations. and inthe pastyear have done somesmall proieLtsforthe United Refomi Church andthe Church of England. These are however very rnh the minority.
Transforniin Churches and Communities Trustee5' and Dlrertors, annual re ort for the Year Ended 31 Au st 2023 IRUSTEES, RESPONSIBILMES IN RELATION TOTHE FifiANCJALSTATEMENTS The trusteesare Tesponsible for preparin8theTrustees' Annual Reportandtheflnanclal ststements In aCcOrthn with aPpCable law and Unlted Kingdom Acwurting Standards Iunlted Kingdorn GeneraltyAcceptsdAccOunr48 Pra¢tiTrl. Charty kw requires thetrustees to prepare flnanual statementsfor each financial year, whtch give z true and fair view of the state of alfairs of the CIO and of the incomlng resources and appllcatlon of resovrees, irKludlng the income and expenditure, of the ao lor that perfDd. In preparing these financlal staternents, the trustees are required to.. selett sultable accoun% pollcles and then apply1M consistentty.. • observe the methods and prlncipks in the Charttles SORP (FR5 1021 Isecondedrtion ¢ktober20191,' make judgements and e#imate5 that arè 4$onable and prudent.. state whether app1Kab UK Accountln8 Standards have been followed, Subj to any rnaterial departure$ dL5cEosed znd explaIrd in the finana81 statements.. wepare the ftn3nclal statements on the Èoingconcern ba$is unle$s Tt ts inapproprlate to presume tbatthe CIO wlll continue opemknn. The trustees are responsible for keepin8adequate 8ccounng recordsthat dlsclose wfth 8$Onable accur8ry at anytime the financlal poSIOn of the eharitable Incorporated organisation and enable them to ensure that the financial statements comply wth the relewont leglslation. Theyare also responsible for safeguarding the a55ets of the CIO and hence fortaking reaSOrb step5 for the prevention and detectlon of fraud 3nd other IrregUlare5. Approved bythe Board of Trustee5 and signed on its behalf bv-. . c¥3. 2014 Rev. tarollne Wckens (Chairl Date..
Tr4nsforml Churches and Cornmunltles Inde endent Examinerfs Re ear Ended 31 Au ust 2023 I report to the Chartrustee5 oft my examlnatw)n of the &(ountsof the ao foryear ended 31XAu8USt 2023 which are set out on pages 7- 16. Respon$ibllt1 and basls of rewt As the Charwstrustees you are responsibltforthe prep3ratKsn of accounts In accordance wrth the requlrements of the Charltles Att 20111'the ACVI. I rert In respett of my examination of the chartvs accourts carried out under secrk)n 145 of the P&t ènd in carrying out rny examlnation I have followed all the appllcable DIrectn5 gNen tythe Charity CommtssKJn under section 14515llbl of the Act. Independent examlner's M•temEnt I have completed my examination. I confirrn that rK) materlal matters W cometo MyattenOn In connettion wth the exarnlnatlon 8wing me cause to believe that in arw material resF*rt'. acccyJntlng records not kept yn respect of the tharltyas qUired seLon 130 of the Act; or the accounts do not accord wf(h those records.. or the accounts do not Corny wf(h the applicable regulrements corKerning the forrn and content of accounts Set out in the Charities (Accountsand Reports) Regulatvjns 2(K)8 otherthan any requirÈmEntthatthe accountsgtvea'trueand fairVie whlch is not a matter coThsldered as partof an indeFendent exam1rt. I have no concÈrns and have torne acros5 m other matters In conneciion wtththe examlnatbn to whKh atrentkjn sfv)uld to drawn in thls rewrt In ordertts enable a proper understandlngot the accounts to ke reached. Leanne Nield ACA Arc kcountancy Solutions Llrnited 51 Laverton Road Lytham St. Anne$ Lancashire FY8 IEN Date..
Transformin Churches and Communitles Statement of Financial Attivities forthe Year Ended 31 A Ust 2023 Rtststed Total 2022* Notè5 UnreMrkt4d Re5trkted Fund5 Fund$ Total 2023 Intomlng re$our¢es from generoted fund5: DonaUons and Legacles io.( 19075 I975 15,075 Char6table attfvtties 73,791 73,791 85.325 Other Incomè 21.925 21,925 20,129 TOTAL INCOME 105,716 19.875 125,591 120.529 EXPENDITURE ExpendUre on chartsble activltles 109,654 19A75 129,529 128,571 TOTAL EXPENDITURE 109,654 19,875 129,529 128.571 NFf INCOME BEFORE TRANSFERS 13,9381 13,9381 18,0421 Transfers between funds NEf MOVEMENT IN FUNDS 13,9381 13,9381 18.0421 TOTAL FUNDS BROUGHT FORWARD 14 4J19 4,319 12.361 TOTAL FUND5 CARRIED FORWARD 14 381 381 4,319 ° see note21fvrprloryeorodjuttmentdetoils The notes on pages 9 to 16form part of these financial 5tstements.
TrdnsFomii Churthe5 and Communilies Balance Sheet for the Year Ended 31 st 2023 Restated Restated 2022 2012 2023 2023 FIXED ASSETS TarÉiblefL¥ed a55ets aJRRENT ASSETS DelrtQf5 li 7.916 5,534 C•5h at Bank and In Hand 27,631 14375 33.165 CREDITOKS AmountsfaIli due in year 14394 NEf CURRENT ASSETS 381 4,319 'NFfASSETS 4.319 FUNDS Unre5trkted 4,319 TOTAL FLIMDS CARRIED FORWARD 4,319 .seenote21lorpthyeor¢7ditdet11s These finarKkl thtements been prePad In af£ordarKewiththÈ tKo¥ir&%appficable tothe curyent le8i8lation. For the year endlng 31 Au8Ltst2023. the ao was entrtledto exemFKnfrom audit and are a5 such ha¥e en Independenv examined. Dlrettors. reSponb71ty The iTUStees acknowledgetheir w)ibIlities1OrC0mthnEwith the reouweTrts ofthe ktwith rtskcttothe accounting records the preparabon of accounts. Ihe rxe5 on page$ 9 to 16form partoftkw financAI stateme Approved byth¢ 8o•rd •fKI rth01f0rIsg. And sjgned on their behall knr. ifl. o). Lovt Rv. Cardine Wkkwfj Ichal
Transforml Churches and Communities Notes to the Financlal Ststernents for the Year Ended 31 Au I. ACCOUNTING POLICIES Basls of prepardtlon The financlal statements of the tharrty. which is a public benefit entjty under FRS 102. have been prepared in ccordance with the Charities Act 2011 and the Charities SORP IFRS 1021 'Accounttng aTrd Reportlng by Charities: Statement of Recommended Practiceapplicableto charities preparingtheiraccounts in accordance with the Financlal Reportln8 Standard applicable In the UK and Republlc of Ireland IFR51021 leffective l January 20191. The flnancial staternents have been prepared under the hlstori(•l tost conventlon. The Charlty has taken advantage of the provtslons In the SORPfor charities apply6nz FRS 102 Update Bulletin I notto prepare a Staiement of C45h Flows. Income reco8nltSon All income Is recognlsed once the Charity has entitlernent to the Ineome. it is probable that the income will be recelved aftd the amount of income recelvable (an be measured reliably. The following applies to particular types of Income.. Grants. whether of a capital or revenue nature. are reco8ni5ed when the Char(ty has entitlementto the funds, anv performance conditions have been met and it is probabtythat the iorne will be reiVed. Don•tloths from indlvlduals and other bodies (not beln8 of the nature of a grantl are recognised when reivable. Earned income is measured at the fair value of the conslderntion recewed or receivable for sejvices and 8oods supplied, net of dT5counts and VAT. Delerred Income Income Is only deferred and included in uedotors when-. The income relates to a future accounting period A sales invoice has been raised ahead of the work being cathed out and there Is no wntractual entjtlement to the incorne until the work has been done Not all the terrns and conditions of the grant have met, indudinE the incurring of Lxpendrtu a#tl the 8rnnt conditions are such tPtat unspent grant must be refunded Empenditure and Irre¢o¥•T•blè VAT Expendlture15 reco8r>i5ed once there ts a legal or o)nstructive obligation to make a payment to a third party. it is probable that the settlement wlll be requlred and the amount of the obllgatlon can be measured reliably. Expendlture Is classlfied underthefollowing actknty headings.. Costs of ralslng funds Including those associated wtth fundraising actiwties. managing Investments and commercial toding bythe subsidiary cornpany. Charitable acti*ities Costs of undertakin8the work ofthe chartty. The Charlty Is not reglstered forVAT and cannot recover any Input tax tharged. Costs are stated inclusNe of VAT. Allocation of 5UPPOrt $ts Support costsare those functionswhich assisttheworkof thecharttyeitherby suppJrtlngtheddlveryof charltablè actlvities or by supportln8 the generation of fvnd> They indude office tosts. depredatlon. other supwt costs and governance costs as set out in note 4. Tanglble flxed assets and depre¢iati4)n Individual assets costlng more than £l.000 are capitalized at cost and are depreclated overtheir estimJted useful lives on a stralght line basis as set below.
Transfomin Churches a1 Communities Notes to the Flnancial Ststements for the Year End St 2023 I. ACCOUNTING POLICIES (continued) Depciation rates are as lollows- Computer equlprnent Other equipment 30% stralght line 20% straight line Debtors Trade and other debtors zre recognlsed at the settlement amount due and prepayments are valued at the amount prepald. Cash at bank and in hand Cash at bankand in hand includes cash and shortterni hlghly liquid Inve5tmeTrtswith a short maturityofthree months or les5 frorn the date of acqulsltlon or opening of the depostt or 5imilor account. Cr•dltors and prov151ons Creditor5 and prowsions are ¢0nISed where the charity has a present obligation resultlng from a past event that will probably resu In the transfer of funds to a third parry and the amount due to settle the obligation can be measured or estimated reliably. CredFtors and PrO510n are normalty reco8nised at their settlement amount. Flnancial instrurnents The Charity has ollly ba51c flnandal Instrumertts whlth are Inltlalty recorded at costs, and with the exception of Investments la5 set out above) subsequently rnea5ured at thelrsettlement value. ludgernents and keysource5 of estlrnatk>n Unn¥ty The preparation of the firyancial 5tstements requires management to make lud8ements. estlmates and assumptlons that 8fFett the amoun15 reported. These estimates and judgements are continually revlewed and are based on experience and other fa¢ttsrs, induding expertatlons of future events that ale believed to be reasonable under the circurnstances. Penslon ¢osts and other p05t-retlrement beneffts The charfty opeTate5 a defined contrlbuuon pension Scheme. Contributions payable tothe Chari5 pension scheme are charged to the Staternent of Financlal Actt¥ibes in the perlod to which they relate. 2. DONATIONS AND LEGACIES Tot31 Restated 2022• 2023 Core gr3nt-The Methodist Church-North West Di5trlcts 19,875 19.875 29.875 29,875 15.075 15.075 10.0 ' see note 21fvrprior yeur udjustment detolls 3. INCOME FROM CHARITABLE AcrivrriES Total 2023 202Z Prolett fees and charges othergrants vrtn for projert work- paidfrom Circuits/Dlstrkts 73.791 73,791 73,575 11,750 85.325 73.791 73,791 io
Trdnsforniin Churches and Cornmunitles Notes to the Financial Ststements f the Year Ended 31 Au 2023 4. OTHER INCOME Total Rsi•ted 2012 2023 Salary recharge iome HMRC job retentlon Brant 2L925 21,925 17,926 2.203 20.129 21.925 21,925 see note21fvrprloryeorodjustment detoNs 5. CHARITABLE EXPENDrruRE T4xal Restated 2023 2022 2023 Dlrertcosts Salaries Project and tra¥el costs Premises & insUnte l(K).645 2.966 742 19,875 120.520 2.966 742 125.534 3,398 Office costs DeprecL4tlon Other support Costs Governarte costs 3.547 3.547 3.541 261 104 104 1,650 129.529 5.3401 128.571 109.654 19A75 Urrntrltted Restri¢ttd 2023 Total 2022 GOvernae tosts comprTse: Accountancy. legal & professional VAT repayment liabiltty 1,650 1.310 16,6501 15,3401 1,650 1,650 "see note 21Aorprioryeorcdjustment detjils 6. DETAILS OF CERTAIN TYPES OF EXPENDITURE 202Z FÈes for the examlnatlon of the aKcounts: Independent examirrf5 fees Report Other accountancy Stlce5 1.2fK) 250 750 7. STAFF INFORMATION Total 2022• al Employees Salarles and wages Ernployerfs pension ctsTrtributv)n5 Ernployerfs Nl contributions 'see note21 forprAoryeor odjussment detuils 94.456 1,952 4.237 18,653 385 837 113.109 2,337 5.074 116.275 2,452 6,807 No employees earned Te than £60.CW pa. in eitherytsr. li
Transfomiin Churches and Cornmunitles Notes to the Financial Statements forth Y ar Ended 31 A 5t 2023 7. STAFF INFORMATION (contlnued) bl Key manwm•nt Pene1 The key management of the chartycomprile thetrusteÈs and senbrstaff la5 setout on page 11 The trustees do not receNe any remuneTrtion forthelrse Thetotal ernployee benefrts of other key management were as follows: 2022 I387 42.284 cl Arage staFF ThJmbers The average nurnber of empkjyees was asfolknvs: 2022 Avera8e number Average number Ernployed SOlY wtthin the charity £MoYed on jolnt contracts ofempbyffnt The 5akry costs ofthe employees who are on a jotntcontrdrt ofempbymenr a paid ITr fvll tythe other party and the rnonies receNed are included as Income as well as the salary costs in thts tharity. 8. TRUSTEE REMUNERATION AND BENEFITS None of the trustees have paid any remuneratl¢)n or reryed any other beneffts from an employrrÉnt wtth their chartyor a rekted party. No trustee expenses have been I[red. 9. TANGIBLE FIXED AsSs Equlprnert & Tol•l Cost or7fdluatlon As at I Septernber 2022 6,682 As at 31 Au¥ust 2023 Depredatlon As at I September 2022 Charge forthe year A5 at 31 August 2023 6.682 6.682 Nèt Bookvalue s at 31 August 2023 As at 31 August 2022 10. CASH AT BANK ANDAT HAND Cash at b3nkaThd on hand 7,059 7,059 27.631 27.631 12
Transformin Churches and Communltles Notes to the Financial Statements for the Y ded 31 Au Ust 2023 AI. DEBTORS 2023 Grirt and fees recewable Prepayrnents 7.698 218 7,916 5,191 343 5,534 12. CREDITORS: AMouMfs FALLING DUE WITHIN ONE YEAR Z023 2022. Social securlty and other tsxes Grants and inco¥ne in adv3nce (note 13 below) Accruals Other Credthrs 1,696 9,925 1.074 16,152 28.846 10,810 3,784 14,594 ' see note 21forprioryeur odJustment details 13. DEFERRED INCOME Dlstrltt grant income In the current and prior year ha5 been deferred as It is restricted to offset agalnst consukancy work performed by the charlty wlthin the DL8trlct. whlch the tenx5 had Mt been met by the end of the accountin8 year. Movement In deferred income account.. 2023 2022• Balance at the start of the porting period Amounts added In current period Amounts released to income from previous perlods Balan atthe end of the reportin8 period 'see note 21 forprloryeorodlustmeftt detoils 9.925 10,810 9,925 10,810 9,925 9,925 14. MOVEMENT IN FUNDS Re$tated 0110912022* In¢ome Expendliure Transfers 3110812023 Unrestrlcted f¥nd$: General fund Design3ted- severance pay Totsl u#r•stritted funds IS.7111 10,030 4.319 125,591 1129.5291 7,777 17,7771 11,8721 2,2S3 381 125.591 1129,5291 Incomlng 0110912022 resource5 Re$our¢e$ expended Trdn$fers 31108Iz023 RestrIed funds: Core grant - The Method15t Church North West Distritts Totsl restrlrted fvnd5 19,875 119.875 The purposè of the deslgnated fund Is for the fundin8 of severance pay If the sltuation arise5 where redundancles are necessary to make. "see note 21 forprioryeorudjustment detoll 13
Transfomii Churches and Communities Notes to the Flnanclal Statements for the Year Ended 31 Au ust 2023 14. MOVEMENT IN FUNDS (continued} Comparzttves for movement In Iwids 011(1912021 Restated In¢ome Restated Expenditure Transfern 3V0812022 Unrestrirted fundk" General fund Desi8nated-5everance pay Total unreth¢ted fund5 959 11.402 12.361 120,529 11285711 1.372 11,3721 15.7111 10.030 4,319 120.529 1128.5711 Inrornln8 Reur0$ OIILP312021 re50ur(es expended Trnn$T5 31108120Z2 ReStrkI fund" Whaley Hall - projett support work Holmes, Holmeswood. Mere 8row and Tarleton Churches project support work Total restrlcted funds 1.750 io.c 11,7501 iio,0001 11.750 111,7501 see note 21 forprloryegr odlustment detuivs 15. ANALYSIS OF COMPANY NET ASSEfs BETWEEN FUNDS Restrided Funds Total FuTrds Fund balances •t 3151 AuÈust2023 are rePreted by.. Tanglble flxed assets Net current assets 11.191 11.191 110.8101 110.8101 381 381 Total Funds* Funds Fund balance5 at 31# August 2022 are represented by.- Tangible flxed assets Net current as5et5 14,244 14.244 19.92SI 19,9251 4,319 4.319 ' see note21forprloryeorodJttstmet)t drtoits 14
Transfonnin Churches and Communitie5 Notes to the Financial Ststements for the Year Ended 31 Au 16. FINANCIAL INSTRUMENTS The rrn8 amounts for each eory of financial Ir&trument is aslollThv&' 21)23 2021 nandal ass¢ts That are debt Instruments measured at amortised c05t 14.975 33.165 202a 2022 Flnonual Ilabllllles Measured at arnortised cost 114.5941 118,9211 Flnanclal assets measuTed at arnortised cost comprise: (ash at bankand In hand: IrKome recejvable and other debtors.. and prepayments. Flnanclal Ilabllfftles MeaSud at3)rtd c05tcomfv' trade (Yeditors; othertsxesand CIal securtty,. accrL4als.' and deferred irKome. 17. CONSTITLrrioN The Organation Is a charitab Incorporated OrganlsaUon reguLed CharttyComrn155h)n In the eventol being wound up the members are eornmitted to contributin8 £1 each. 18. TAXATION The Charty ts a reglstered char6tyand Is etrtitled to cLHim annual exemPtM from UK corwJratiDn tsx. 19. CAPITAL COMMITMENTS There were no capttal commthents authorised and contsrted for attF end of theyear12022 £Nill. 20. RELATED PARTY TRANSAcfioNS The trustees are unrelated to each otherand the tharlty ts not underthe control of ¢)re Indmdtjal orentity. There are no relatsd party transattions to d[ose in eitheryear. 21. PRIOR YEAR ADJUSTMENT Prioryeorodlustmertlor the L¥strfct rethlnerqront The 2021-22 Manchester & Stockrx)rt Drstitt retsiner grantof £15.CO) had teen fvlty recognlsed as nStriCted income n the 2021-22 annual accounts. In 2022-23 it was dwwered that this grant was glfted with the (lOon that it was to be utili5ed against future consultarry work perfomied byTCC withiD the DthKtarea. £5.075 could be ut(Ilsed aeainst consuttancy work during 2021-22. and therefore £9.925 of the grant should have been deferred until 2022-23 when It was probably thatthe grantconditsonscould met. Therefore. a prior yearadjustment is reqUId to defer £9,925 8rant ncome as a liability. Is
Transfomiin Churches and Communitie5 Notes to the Financlal Statements for the Year Ended 31 Au 023 21. PRIOR YEAR ADJUSTMENT (continued) Prk¥ryeoradJustmentfvrthe 5aIaryre¢lpre5etatlQn Durlag the year. the trustee5 have detem)ined thatthe salary recharge has l*en pTewoLts IrrreCt accourrted for. had teen netted off ardin5t the salary expense. whereas rf( should have Eeen prepared on the gross basi5 In accordance wh the CharitiesSORP IFRS 1021. This amounted to £17,926 in 2021-22. Therefore, a prioryearadjustmentto other IkKome and charitable expendrture is required. The tsble belowyjmmarisesthe effect oFthese tw? prioryear adju51rnerts on the 2021-22 comparative f¥ure5: 2021-22 as prevlously ststed Dlstrlrt Salary recharge PYA 2021-22 lotal as restated nt PYA Statement of Flnandal Activitie5 Donations and grants Charitable actiwties 25.ClXI 85.325 9.9251 15.075 85,325 20,129 120.529 Other income 2,203 17,926 17.926 17,926 17,926 Total Income 112.528 110.645 110,645 19.9251 Expenditure on charitable actNities Total expendlture Net movement in funds 128.571 128.571 18,0421 12,361 (9,9251 Tot31 fvnd5 brought forward Total fvnds orrled forward 12,361 14.244 {9,9251 4319 Balance Sheet Debtors 5.534 5,534 Cash 27,631 27,631 28,846 Credltors.. Amounts falling due in one year Net Assets 18,921 9.925 14244 19,9251 19,9251 4.319 Total fvnds carried fonvard 14244 4.319 16