Company registrdtion number.. 00092321
Charity regtstration number.. 254007
Independent Methodist Association Incorporated (The)
(A Company limited by guarnnteel
Annual Re￿rt and Financial s￿￿ents
for the Year Ended 31 ￿ember 2023
Chartered Accountants
1st Floor, Block C
Manchester Ro&d
Burnley
Lan¢ashir¢
BBI I IJG

Independent Methodist Association Incorporated (fbe)
Contents
Refer¢n¢e and Administrative Details
Ito2
Tnjstees, Report
3109
Siatemeni of Tn￿tees, Responsibilities
10
Independent Exatnin&s Report
Statement of Financial Activities
12
Balance Shttt
13
Notes to the Financial Statements
14to21

Independent Methodist Association Incorporated (The)
Reference and Administrative Details
Trustees
Mr A Briiton
Mrs A L A Cheers
M5 L K Crockatt
Mrs R Green-PreS￿lI
Mr W Harnpson
Mr D W Hughes
Mrs D L Kendrick
Mr M Long
Mr S Newton
Mr L Ogilvie
Miss C E L ONions
Mr N H Prescott
M M Riding
Mrs D C Roberts
Mr B A liowney
Mr R R Stone
Mrs A Tipping
Mrs J A Wareing
Ms K L White
Prlllelp81 Otllce
Independenr Methodisi Resource Centre
Fleet Street
Pemberton
Wigan
WN5 ODS
Company Registration Number
00092321
Charity Registratifjn Nurnb¢r
254007
Independent Examlner
Chartered A¢countsnts
1st Flcor. Block C
The Wbarf
Manchester Road
Burnley
Lallc&sbire
BBII IJ
Page I

Independent Methodist Association Incorporated (fhe)
Reference and AdministratEve Details
Bankers
Barclays Bank plc
6 Market Pla¢e
Wigan
WNI IQS
Advisers
C¢)mp8ss Finan¢ial Ltd
Kingsley Hall
20 Bailey Lane
Manchester Airport
Manchester
M90 4AN
Page 2

Independent Methodist Association Incorporated (The)
Trustees, Report
The ttijstees, who are directors for the purposes of company law, present the annual Teport tsjgether with the
rinan¢ial statements of the charitable co￿partY ftir the year ended 31 December 2023.
Trustees
Mr A Britton
Mrs A L A Cheers
Ms L K Crockatt
Mrs R Grttn-Prt%cott
Mr W Hampson
Mr A D Harrison {resigned 29 July 2023)
Mr D W Hughes lapFK)illtd 28 Cktober 2023)
Mrs D L Kendrick
Mr M Long
Mr S Newton
Mr L Ogilvie
Miss C E L Owions
Mr N H Prescott
Mrs M M ￿"dIng
Mrs D C Roberts
Mr B A Rowney
Mr I C Stanworth (resigned 29 July 2023)
MrR R Stone
Mrs A Tippll
Mrs J A Wareing
Ms K L White
Objeets
The Charitys objects ar¢ specifically restricted to promoting the extension of the Cbristiall faith in the United
Kingdom and in all or any other parts of the world through worship, education and social action that is in accord
with tbe principles amd practices of the Independent Methodist Connexion of Churches.
Statem¢Dt of Faith
The Independent Methodist Churches are Trinitarian. believttig tbat God the Father is revealed through Jesus
Chrisi his SOD, who alone ts Saviour of the world. The Holy Spirit tllakes God's saving work real in the lives of
his people. On a¢ceptanc¢ of J&ws Christ Ls Lord and Saviour, a person is IK)m again and becomes a clll.ld of
God by adoption.
Page 3

Independent Methodist Association In¢orporated (The)
Trustees. Report
IDdepeDdeDt Methodists structure
The Association is a Clkritable Cottwany. litnited by guardntee, and 15 responsible for the ttkanagernent and
athninistrdtion of properties and fllwEces held in trust on behalf of, in support of, and under the direction of the
self governing church£s, which adhere to the principles of Independent Meth¢)dism and collectively are known
as the Independent Meth¢xltst Connexion. Ai the year end there were 62 churches organised into ten Circuits on
a geographical basis. Three of these ¢hurches are not attached ￿ a circuir. The current twstees are the ¢)nly
persons who are able to be members of the company.
The effectiveness of the charity is inextricably linked with that of the member churches of the llldependeni
Methodist Connexiofy lo whom it provides support in their work of tttinistertng to their collllnunities.
Publle beneftt
The ttustees confm that they have complied with the wuirements of secrion 17 of the Chariries Act 2011 to
have due regard to the public benefit guidanee published by the Charity Commi&sion for England and Wales.
Grant making policie5
Grants are only available to IndeE￿ndent method]￿ Churches and tbeir mernbers, and otber Christian
organisations with similar objectives. Grdnts to churchcs rnay be for building repair5 and irnprovements.
evangelical projects, and inlerirn support for the employ￿ellt o(5pecialist workers. Grallts can be provided to
assist wsth personal Christian developrnent for trainillg or edueation. In gelleral. applications atr administered
by the Finance Committee although. wbere the grant is made from certaiti restricted fijnds. another ¢onllnittee
may administer the proccss in accordance with tbe rules of the fulld.
Page 4

Independent Methodist Association Incorporated (fhe)
Trustees, Report
A¢hievemellt% attd performance
In support of its objectives, the oharity continues to work with churches and Circuits by administering those
funds held in trnst.
The tndependeni Meth(dist Connexion reports the following AchÈevetuen$ and perfornwiee wholly supportej
by the Association.
- providing training in evangelism, youth wort child PTOtectioty safeguarding and theology.
disserninat]ng inforniation on legal. religious and other topic$.
- providing assistsn¢e and resources for evangelical outreach.
- accrediting. as Minisiers of the connex10￿ persons who bave undtt8one a course of training and have passed
the appropriate examtnarions.
- being tnembers of ecumenical bodies within the United Kiti8donL
. sUp￿rtIllg members of Independent Meth(Mlist churches workin8 Witb mi&%ionary otganisations.
- rnaking gtattts ￿ churches io assist in building repair5 and ¢xt¢nsions, and to illdivithiais to assist iti courses of
study or other Cbtistian activilies.
- providing facilities aud resoutcos whicb would be beyond their OWD ability.
The Finance Ctsmturttee adrninisters the funds held by the Asso¢iauon. and PTo¢esses applications for grants
fr(>tn tbe churches for approval by the Asswiaiion. In particular, the Conrnittee encourdges churches to apply
for grants to assisi in evangelical work under the Kingdorn Gn)wth scheme which airns to return money from
hurch sales to churches seeking to expand Gods work in their localiry. Grants totalllng £286,475 12022..
£76,987) were made to Cburches iti 2023.
The Min2sty Comrnittee runs the MÈllisters' EthI￿tiOn Scheme. a ftiur-year course of S￿dY and practic￿ work
which prepares students wishing to enter the Independent Methodist rnillistry. Satisfactory completion of the
course (or equivalent studies} is a prerequisite to bec0mU￿ accredited as an Independent Methodist Minisier.
though the course {or elements of it) rnay also be followed by those who do not seek ministerial accrediiation
and wish to undertake it for personal edu￿tiOn. The conjmiuee also provtdes 0llg0ll￿ suppoff and training for
Independent Methodist milli￿er5. ill¢ludinE facilities such as tesidetttial swdy weekends (for both Ministers and
students) and discounted l%)oks. Processts for estsblisbing a Coniinumg Professional Development (CPDI for
2ccredited ￿t￿l&￿Ts have been establishrf and ministers are now encouragoj to generate a T)evelopment
Profile,.
The Church SupwTrrt fjr(>up provides advice. inforniation and sUp￿rt through its metnbers and W0￿erS. It
provides Te50urces and practical help to churches ill tbeir work with the com]nunity. assistsnce to cburches with
access to low level developtnent grants, practitai help to churches ill their WO￿ with the community and
Missio￿ and ¢ncourageroent al￿ discussion in develop]ng their flltt￿e plans and vision.
The Overseas Missions department promotes interest and awareness of Cltrtstian work overseas, through the
Connexion Ellagazine, ll￿1￿g resource packs available to churches and pre5ClltatLOtLS to church and youth
groups. It provides f]nancial, prdyer and personal support to IDdqKndent Methodists workmg with missionary
societies, with five people (including couples), some working in diffLcuIt overseas situations. bell
supported in 2023. Financial support from the Independent Metbodist kntKiatioll typically Covers about 20% of
their requirements. the bala￿e coming from other sourcu v/hich may inchth indiv1th￿l Independent Methodist
¢hur¢hes and members.
The Adrninistration Group provides guidance ￿ the churches on clwity, leg￿ and propery matters as
necessary. Communications is discussed as part of the Administyati¢)n Group's agenda, alld eovers the Archives,
Connexion Magazine. gette￿ issues regarding con]muni￿ri0nS and th¢ Connexional website.
The ttLagazine is produced on a bi-monthly basis and is free io au church Members. the cost belu8 absorbed by
the Association. It is rnade avadable in hard copy and electronic fornuL &s w¢U &s being acccssible via the
Independent Methodist Churches website.
Page 5

Independent Methodist Association Incorporated (The)
Trustees, Report
The Northwood Christian Centre operates on a non-profjt making, break-even basis for worship, teaching, youth
work and fellowship retreats. Volunlary support for the operati¢)ns ai NorthwoLxI had fallen off in re¢eni years,
partly due to Covid and related consequences, poteniially affecting its ongoing viability. However, it was
decided to keep the centre open until 2026 ai leasi and to reconstim￿ the management arrangements. with a core
programrne of actLVlties to improve its usage. During the year, a group of Christians began ro use the Centre as a
base for outreach tt) the l(Kal ¢omrnunity in High Legh, which may result in more fornlal links with the
ConJ)¢xion tn due course.
Much of the above work is ongoing from year to year.
Financial rewieTrY
The attached fmancial stsiements show intome of £285.142. expenditure of £457222, whish after investmeni
gains of £89,989 give a defecii of £82.091. The principal item of expenditLEre are grant8 totalling £304,575.
It is considered tbat suffieiellt fi￿ds are held iti trust by the ASS(￿1￿110￿ to continue OJTTent and fuDJre proj￿¢&.
Fundraisittg
The charity does not en8a8e h￿draiSIng and tbereforc no disclosur&s are rnade as rquired by the Clwities
Act 2006.
Prlneipal funding sourees
The largest proportion of income to the funds held by the knociation in 2023 came from membership levies on
churches in the Cotmexion and the sale of redundant buildings.
Inve$ttlleDi poliey and obJeetEves
It is the poli¢y of the Finance Commiltee 10 itiv&%t in k)w risk a&sets to provide an tncome and maintsin the
capital value of investments.
The Finance Committee considers ￿laL environtDental t)r ethical Lspeets when deciding on itivestsnents.
Policy on reserves
li is ihe policy of the Association to hold reserves which provide for the ongoing work of the Association whilst
retaining f￿anCial slabiliry and the po¢eniial to respond to new oppornjnities at a Connexion81 level or at an
individual church level. For rnany years, the tniention b&s been t(Tr generdte sufficient income frorn reserves to
avotd increasing membership levies and thereby increasing the fman¢ial burden on churches in a time of
deelining membership and increasing regulatory compliance costs. After receiving significant incorne frotn the
sale of redundant chur¢h buildings in 2022 a flar raie gift of £4.(KK) was made to each church during 2023 from
these proceeds. However, be¢ause of the ongoing annual deficit of income over eXF¢nd2ty￿ (ignoring the
proceeds of church sales which cannot be relied on year-on-yearl. it is considered that the current level of
illvestsnent reserves needs to be maintsined for ongoTtig ￿Sta￿thi11ty.
Page 6

Independent Methodist Association Incorporated {The)
Trustees. Report
At the 31st December 2023 tbe resthves position was &s follows..
Total Reserves £2.202,512.
of which..
Some were restrtcted in their ￿se £31.446.
Some were tied up in fixed assets £216,732.
Sorne weie tied up in a loan for the sale of a forlller Ch￿￿h builthllg £72,116.
Balance of reserves £1,882,218.
The balance of th¢ reser￿ is required for the following puw:
. tt) provide firther inv£stment tncorne to fi￿d the contitiuiug work of the AssociatEon, maintsining membership
fees.
- to provide graTLts to rnemberehurches.
Consideration continues to be given to exploring inllovative ways of making available fi￿dS to member
churches to extend their work whi]st retaining sufficient reserves to provide foT the coniinuation of the charitsls
a¢tivitie& However, there may be lo￿ta$¢$ in the tllembetship levies in fiLwre years.
Aim$ and key objectives for future peri•ds
In support of its objectives the Association will contitiue to work with the Connexion whose future aims and k¢y
objectives are shown below..
A consultation will be launched in 2024. seekt.ng views on the long-term future of the denornination, in
particular whether the two-iier strucDJre of tbe Independent Methodist Conllexion (as an unincorporated body)
and the Independent Methodist A*%ociatitsn (as a Registered Clwity aDd a Company Limited by Guarantee) is
still appropriate. The Independent Methodist Connexioll is rnuch smaller than Et wos when the s¢rncture was set
up in 1907, and charity legislation has changed, facilitating a simpler stwctyre should this be Considered
desirable. In addition, the consultation may consider improved methods of representation (given that some
circults are barely functioning) and rationaliSKDg the departmeni structur< which las¢ reviewed over 30
years ago when the denomination wa5 fdther larger.
The vorious groups within the denomination continue to work together to:
- Support the churches in developing their vision for their geogrdphic ar¢&
- Work with the churches to identify sUPPQrt they will need frotn th¢ denomination.
- Assess those needs for completeness and affordability.
- Deliver the agreed support.
These activities will result in a fully costed roIlts￿ pn)gTamn)e of supwrt spread over a number of years whieh
will identify the flllance required wbich will then be planned for each period.
Page 7

Independent Methodist Association Incorporated (The)
Trustee5' Report
Funds held as custodlan Trustee
The Independent Methodist A&g)ciation is the Custcmlian Tntstee of over Elllf tbe pre￿iSeS of churche$ within
the Independent Methi)dist Connexion. Day to day nwiing of each Church is, however. in tbe hands of
Managing Trustees, who retain c¢)ntrol of their respective funds. The Independeni Methodist Association would
only hold fi￿d5 in respect of these preEllises if the church had closed and the premises were awaiting disposal.
Such cburches are, in general, on a Trusi Deed ￿￿er which the proceeds from any sale would pass to tbe
Independent Methodist Association as ultIm￿e beneficiary. In some the ulti]lla￿ beneflciary is another
body (usually a church ¢ir¢uii) and in those cases any aswiated ￿lld$ are listed as assets of the church in
quesiion until they can be passed io (be beneficiary on disposal of the pre]nises.
Structure? governaDce and managemellt
Nature of govern5ng doeumellt
The charity is controlled by its governing documellL its Articles ofknociation as upjated ill July 2022.
Recruittnent and appointment of trustees
New trustees are appointed in two ways. Designated oificers of the Connexion are ttustees of the A&sociation
unless disbarred by reason of also being paid employees or having a confli¢1 of interest. Their appointment as
trustees is a consequence of their selection and fonnal apwinrrnent to their posts at the Annual Meeting.
Circuits may also nominate Representatives ro Connexional Committee who, unless disbarred os above,
automatically become trustees of the Association and are fornially appointed at the Annual Meering. The
trustees are appointed atmually at the Annual Meeting by delegate5 from Churches in full membership. The
Connexional Officers and Representstives ar¢ also known as CoDnexional Committee.
Rel#tionships wilh Telated parties
The A&%ociation is a tuember of tbe Evallgelical Alliance, ChU￿heS Together tn England, Churches Together in
Britain and Ireland, the Free Churches Group and the National Council for Voluntary Organisations, and is
accredited as a Livllg Wagc ETnployer by the Liw Wage Foundation.. These bodies have no authority to
affect or tnfluence our operdting policies. The A&sociatioll contract5 with CollEpa5s Financial Ltd to invest the
funds of the ctwi.ty in accordance with the Invest￿ent policy.
Page 8

Independent Metbodist Association Incorporated IThe)
Trnstees, Report
MAjor risks and tllanagemettt of those risks
It is reported froTn the Connexion of Independeni Methfylist Churches that the continued decline in both church
membership and the number of churches in the Connexion is a rnatter for concern. since it Calls into question the
need for exisiing Connexionaj stnLcttJres and, eventually, the viability of the CoDnexion itself. As much of the
Association's income comes from the Connexion of Independent Methodist Churches then this brings into
question the fvttjre level of support that the Association call continue to provide to the CO[￿exI0￿ in the future.
En the longer temi. the viability of the Connexion is dependent on the strength of the churche5 that it supports.
A significant potential risk is the viability of some of the Connexi¢)n's member churches might be adversely
affected, with a knock-on effect on the viabiliry of the C¢)nnexion_ In miiigaiion, the ¢hurche5 mosi likely to be
at risk do not represent a significant part of the Association's income. and this mighr be offs¢i by income from
the sale of redurtdani buildings. Another po￿n(la1 effect is thai the hisiori¢ place of Circuits within the
governance and support stru¢wre may need to be reviewed if demographic ciwiges result in this model
becomints JAapp￿pAaie. To some exieni. this is already apparenr with some Circuits existing in name only and
not ￿n¢t101]Ing as they once th"d. As noted atK>ve. a ¢ODsult8rion wtth the churches of the Connexion is planned
for 2024, to address sotne of these i&wes.
A ongoing potential threai could arise if historic sex abuse allegations were to be rnade in respect of a church
that had since close& If it were not po&sible ro idencify the tnsvrers ai thai lime. li is possible rhat the
Association could be held to be Vi￿l0u$1Y lthle. The likelthood of such an eveni is considered to be low. since
most cburches in tbe Coonexion cbose ￿ be insured with one particular company for which the Resource Centre
once held an ageney. Measures have been ￿J¢¢n io easure thai records oll insurance are retsined where they still
exisL and that churches a￿ now required io conflltll (via the annual rettlln) thal they have appropriate iJSUTaJ)ce,
and with whom.
Small companies provision st#temeDt
This report has beell prepargj in accordance with the small companies regime under the Companies Act 2(K)6.
The annual report w&s approved by the trustees of tbe cbartty on IS July 2024 al￿ signed on its behalf by..
Mr B A RowDey
TnL8tee
Page 9

Independent Methodist Association Incorporated ￿h¢)
Statement of Trnstees, Responsibilities
The tn￿te¢S (who are also the dIr￿tt)rs of Independent Methodist Assrtiation Incorporated lThe) for the
purptssel Of company law} are responsible for preparing the ttwiees. report and the fllwicial statetnents tn
accordance with the UnÈted Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting
Practice) and applicable law alld regulations.
CollLpauy law requires the trustees to prepare fiJwicial slatements for each fxnanctal year. Under company law
the trustee5 tnust not approve tbe f￿anCIat statements UDless they are satisfied thai they give a uue and fair view
of the state of affairs of tbe charitsble company and of its incoming resources alld application of resources.
illcluding Its incorne and expendltL￿e, for thai period In preparing these statrmeat& the tswiees are
required to..
seleet suitable attoullting wlicics and apply them consistently"
observe the meth¢yJs and principles in the Chan"ries SOR￿.
judgements and estirnates that are reasothle and prudenL
state whether applicable UK AccountiD8 Standards have been followeiL subjxt to any material d¢partures
disclosed and explained in the f￿anCIal statements. and
prepare the fu￿nCial ststements on the going concern b&8is unless it Is inappropriate to presume that the
charitable cotnpany will coDtinue tn busin￿.
The uusiees are responsible for keeping adequatr accounting Tecords that ate sutTL¢iellt to show and explain the
charitable CoMpan￿S transactions and dis¢l¢)se with Teasonable a¢¢uracy at any time the financial position of the
charitable company and enable them to ensure that the financial stsrements comply with the Companies Act
2006. They art also responsible for safeguarding the assers of the charitsble company and hence for tsking
reasonable steps for the prev¢ntion and d¢wuon of fraud and other irregularities.
Page 10

Independent Methodist Association Incorporated (The)
Independent Examiner's Report to the trustees of Independent Methodist Association
Ineorporated (the)
I report to the charity trustees on rny examitmtion of the accoullls of the chariry for th¢ year ended 31 Decernber
2023 which are set out on pa8es 12 to 21.
Respective re$ponsibilitie5 of tru5tee5 and c￿mIner
As the charity's trusttts of tttdependeni Methodisi Aswiation In¢oTp)rated (The) (and a]so its directors for the
purpose5 of co￿panY law} you are restx)n$ible for the preparatioll of the accounts in a¢cordan¢e with the
requirements of the co￿pani&S Act 2006 ('the 2006 Aci.).
Having satisfied myself that the accounts of ludependent Methodist A&sociatitsn Incorporated ffliel are not
required to be audited under Part 16 of the 21K)6 Act and are eligible for independent examination. I report in
respect of EThy examination of your charity's a¢counts as Carried oui under se¢¢ion 145 of the Chariiies Aci 2011
('tbe 2011 Act.). In Carrying Out my examinauon I have followed the Direciions given by the Charity
CoMmi￿10n under section 145(5)Ib) of tbe 201 I ACL
Independent examiner's statement
Since Independent Meth¢)dist Association Incorporated (Ibe}'s gross income exceeded £250,(KK) your examiner
must be a tnember of a body listed in section 145 of the 2011 Act. I confrn that l am qualifled to undertake the
examination because l arn a tnember of the knociatioD of Clwity I￿dq￿nde￿1 ExamEners, which is onc of tbe
listed bodies.
I have cotnp1e￿d tny examination. I conftrm that no matters have come io my attention in connection with the
exaTnination giv￿8 me cause to believe".
l. accounting records were noi kept in respect of Inde￿dent Methodist Association IncoTP)rnied (The) as
required by se¢iioll 386 of the 2(XJ6 Act: or
2. the a¢¢ounts do not a¢¢ord with those re¢ords,' or
3. tbe accounts do not comply with tbe accoun1ll￿ requiretnellts of section 396 of the 2(X)6 Act other than
any requlrement that the accounts give a 'truc and fair vithrf which is not a matter considered as part of an
independent exatnination- or
4. the accounts have noi been prepared in accordance with the methods and principles of tbe S￿￿ment of
Recommended Practice for attounting and reponing by ciwities lapplicable to chan.ties preparing their
accounts in accordance with the Fitiancial Re￿rtIllg Standard applicable iti the UK and Republic ol
lTrland (FRS 10211.
I have no concerns and bave come across no other mauers In comlection with the exaJnination to w]ll"¢h attrntion
should be drawn iti thi.s report iti order to enable a pn)per understsnd]ng of the accounts to be reached.
Mark Heaton FCCA DCIL4
Isi Floor. Bl¢xk C
Manchester Road
Bumley
Lancashire
BBII IJG
15 July 2024
Page 11

Independent Methodist Association Incorporated (The)
Statement of Fin*neial Activitfie$ for the Y¢ar Ended 31 December 2023
(Including Ineomc and Expenditsrc Account 2nd Statement of Total Recognised Gains and Losses)
Unre51ricted
funds
Total
2023
Unrestrleted
funds
Total
2022
Restrleted funds
Restricted fundg
Note
Income from:
Donation
Charitable actlVLties
Investment income
Other income
56,144
6.240
46.910
173848
56.144
6.240
46,910
175 848
54.533
13,847
9,809
391497
54.533
13,847
9,809
391497
Toi81 in¢om¢
283 142
285 142
469 686
469 086
Expendlture on:
Charitable a¢livstics
Other expendilure
{446,027)
11 195
(446.0271
-￿11 1951
{211.023)
13,213)
1214,236)
-(10 811)
Total expenditure
-L457 222
457,222).. ￿221,834￿.
(3 213)
..I225,047)
Nci lexpenditurc)lincome
Other reeognlsed 8*lns and losses
Gaing110&8es on revaluation ofrixed assets
1172,080)
{172,0801
247,852
13,2131
244,639
150.157)
(1,824)
151,981)
Net movement in fund8
{83,1711
1.080
(82,0911
97,695
15,0371
92.658
Reeonciliation of funds
Total fund¥ brought fonvord
2 254 237
2 284 603
2 156542
2 191945
Total funds carried fonvard
18
2 171066
2 202,512
2 254,237
2 284 603
All of th¢ charity$ a¢tiviti¢s derive from continuing operation5 during the aLK)v¢ two periods.
The funds breakdown for 2022 1$ Shown in note 18.
Page 12

Independent Methodist Association Incorporated (fhe)
(Regi$tr2tion number: 00092321)
Balance Sheet as at 31 December 2023
2023
2022
Note
Fixed 8ssets
Tangible assets
[nVeSt￿ents
13
216,732
1852914
2.069.646
220.715
1568 122
1788.837
14
Current a55ets
Debtors
Cash at bank and in hand
15
92.331
91,474
136.632
498.538
Creditor5: Amounts falling due witbin one year
16
2,772
Net current assets
132.866
495.766
Net a55ets
2.202.512
2.284 603
Fullds of the charlty:
Restrieted income funds
Restricted funds
31,446
30.366
Unrestricted income funds
Unrestricted funds
2.171066
2 254 237
Total fund$
18
2,202,512
2,284,603
For ihe fu￿n¢181 year ending 31 December 2023 the charity w&$ entitled to exernption from audit under section
477 of the Companies Aci 2(X)6 relating to small companies.
Directors, responsil)ilities:
The members have noi required the charity io obtsin ao audii of its a¢¢ounts for the year in question in
accordance with section 476. and
The directors acknowledge their responsibilities for cotnplying with the requir¢m¢nts of the A¢t with respe¢t
to accounting records and the prepardtion of accounts.
These accounts have been prepared in accordance with the proYAsions applicable ro cojnpanies subject to tbe
small co]npanies regi]ne.
The fmonciai statements on pages 12 to 21 were approved by the Irustees, and authorised for issue ¢)n 15 5uly
2024 and si
ed on their behalf by:
Mr B A Rowney
Trustee
Page 13

Independent Methodist Association Incorporated (fhe)
Notes to the Fthancial Statements for the Year Ended 31 December 2023
I Charity status
The charity is limited by guardnree. inwrporated in Englanc and consequently does uot have share capital. Each
of the trnstees is liable w contribure an amouni not exceeding £10 towards the assets of the charity tn the event
of liquidaiion.
The address of its registered office is..
Independent Methodist Resource Celltre
Fl¢et Street
Pemberton
Wigan
WN5 ODS
These statements were authorised for by tbe trustxs on 15 July 2024.
2 Accounting policies
Summary of significant accounting policies alld key accounting estimates
The principal accounting pob.cies applied in the prepardtion of these fmancial stat¢tnents are set out below.
These policies have been consistently applied to all the years presenied. unless otherwise sthted.
Income
All income is recognxsed once the charity has ettiitletnent io the income. it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Expenditure
All expendittwe is recognised once there is a legal or constructive obligation to that expendittwe. it is probable
seirlement is required and the amount can be measured reliably. All costs are allocated ￿ tbe applicable
expendiwre heading thai aggregare similar costs ￿ that category. Where costs caTll)Ot be directly attribuied to
particular headll￿S they have been allocared on a basis consiswLi with the use of resources.
Taxation
The charity 1$ exempt frorn ¢orporntion tax on its cbaritable activities.
Tangible r￿e￿ assets
Depreciation is provided on tangible fixed asm so as to write off the cost or valuation, less any estimated
residual valu¢, over their expect¢d useful economic life as follows:
Freehold property
Fixtures and fittings
Computer equipment
217/0 per anThutn straight line basis
30Y4 per annum reducing balance basis
300/0 per annum reducing balance basis
Page 14

Independent Methodist As$ocAation Incorporated (fhe)
Notes to th¢ Financial Statements for the Year Ended 31 December 2023
Flxed asset investments
Fixed asset investments. other than progra0ll￿¢ related invc5tments, #re included at market value at the balance
sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and
their market value ai the start of the year, or their subsequctht cost, and are charged or CredI￿d to the sts￿ment
of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement irt markei values durin8 the year and are credI￿d or
char8ed its the Stalemeni of Financial A¢tiviiies basd on the market value at the year end.
Fund structure
Unrestrieied income funds are general funds thal ar¢ availhbl¢ for us¢ at th¢ In￿1¢¢$,$ diser¢tion in furtheron
of the objectives of the chartry.
Designated funds are unrestricted sd aside for specific puo)oses ai the discretion of the truscees.
Restricted income funds are those donaied for use in a particular area or for spKifi¢ purposes. the u8¢ of whi¢h
1$ r¢$tri¢t¢d to that area or purpose.
Penslons and other post Teilr¢tn¢Di obll%#tltyrts
The charity operates a defined contribution pension ￿herne which is a pension plan under which fixed
contributiorts are paid ill￿ a pension fimd and the chaTiry no legal or con3￿CtiVe obliga¢ion to pay fvrther
c()ntributiorts even if the ￿nd does noi hold sufficienl assets to pay all employees the benefits relating ¢0
employee service in the curreni and prior periods.
Corttributions io der￿ed contribution plans are recognised in the s￿lement of Financial Activities when they are
du¢. If ¢ontributiort payments exceed the contribuuon due for service. the excess is re￿gnIsed as a prepayment.
3 Income from donatlon$
Total
2023
Total
2022
Membership dues
Donations
41,878
14
40,566
4 Income from cbarltable actlvltles
Total
2023
Total
2022
Conferences attd events
Northwood Christian Centre income
Other sales
30
4.990
20
1,120
5,165
Page 15

Independent Methodist A$$ocigtion Incoryorated (fhe)
Notes to the Financial Statements for the Year Ended 31 December 2023
S Investment IDCOtne
Total
2023
Total
2022
Income from rtxed asset investments
Interest receivable on other loans
42,210
4,982
46.910
9,809
6 Other illtome
Toi81
2023
Total
2022
Other income
C105ure of churchcs
Rental incotne
2.940
385.557
3.000
391.497
175,848
175 848
7 Expenditure Charitable a¢tivities
Ullre5tricted
funds
Total
2023
Total
2022
General
Note
Wages and salaries
Pension ¢o$ts
Accountancy, legal al￿ profe&siotLal fe
Payroll services
Other costs
Grant fjJtthg of activities
Independent ExaTlliner's remuneration
45.115
1,451
33.310
1.230
57.826
304.575
2.520
45.115
1,451
33 Jlo
1230
57.826
304.575
41.129
859
12.450
948
53,066
103.384
214236
The totsl 8rants paid to institutiotts during the ye4r w&8 as follows".
Grants to churebes for property and
personnel
Overseas missionary grants
Development grants
Kingdorn growth 8ratits
Building work gtallts
Ministy grallts
179.IKM)
18,1Th)
10,5IKI
25,0(M)
71,975
179.OLK)
18,100
10,5(X)
25,0(M
71,975
12.000
23,170
750
34,612
29,625
304.575
304,575
103,384
Page 16

Independent Methodist Association Incorporated (The)
Notes to the Financial Statements for the Year Ended 31 Deeember 2023
8 Otber expenditure
Total
2023
Total
2022
Depwiation
11.195
9 Analysis of eovtrllanee alld support costs Costs
Total
2023
Tolal
2022
Independent examiner fe&
Examination of the flnancial statements
Accountancy, legal prof￿$10￿#1 fe
Payroll services
2,520
33,310
2,400
12,450
948
15,798
37,060
10 Trustees remuneration and expense5
During the year the charity made the following tra[￿CtionS with trustees..
£5,85612022.. £8210) of expenses were reiTnbursed to 1112022 - 81 of the Ch￿7ty's Trustees during the year.
No trustees. nor any perso]L8 conttected with them. bave r￿e{V￿j any retnunera(ion from the charity duritig the
year.
11 Staff costs
The aggregaie payroll costs were as follows:
2023
2022
Staff co$ts during the year wer¢:
Wages and salaries
Pension Costs
45,115
1,451
46.566
41,129
859
The average monthly nutnber of employe￿ during the year was as follows:
2023
2022
Charitable activities
No employee received emoluments of more than £60.0(M) during the year.
Page 17

Independent Methodist Association Incorporated (fhe)
Note5 to the Financial Statements for the Year Ended 31 December 2023
12 1ndependeDt examiner's remuneratio
2023
2022
Examination of the finattcial statemenL8
13 Tanglble r]xed #ssets
Freehold
property
Fixtures alld
rittings
Computer
equiprnent
Total
Cost
At l January 2023
Additions
401222
10241
15.893
427,356
At 31 December 2023
401.222
10.241
434 568
Depreeiatioll
At l January 2023
Charge for the year
187.530
8,024
7.259
896
11,852
2.275
206,641
11,195
At 31 Decetllber 2023
8.155
217 836
Net book value
At 31 December 2023
205.668
2.086
8.978
216,732
At 31 Decethber2022
213692
2.982
220 715
Freehold property consists of The Rcsource Centre in wiga￿ Th¢ NorthwcA)d Clwistian Centre (High Letgh)
and a propety in Stretford.
Pag¢ 18

Independent Methodist Association Incorporated (The)
Notes to the Financial Statements for the Year Ended 31 December 2023
14 Fixed a$set lllvestments
Listed
illvestments
Market value
Ai l January 2023
Revaluatign
Additions
Disposals
1,484,018
89.989
762,652
542,941
At 31 December 2023
l 793 718
Net book v¥]ue
At 31 December 2023
1793 718
At 31 DecellLber 2022
1484 018
Other investments
Portfolio cash
Total
Cost or ValuAtion
At l January 2023
Disposals
84,104
84,104
At 31 December 2023
Net book value
At 31 Decembei 2023
59.196
59.196
At 31 December 2022
84.104
IS Debtors
2023
21122
Debtors: amounts falling due ￿thIll one year
Prepayments
Other debtors
20,216
13,318
26.256
19,607
2023
2022
Debtors: amounts falling due after one year
Other debtots
Page 19

Independent Methodist Association Ineorporated (The)
Notes to the Financial Statements for the Year Ended 31 December 2023
16 Creditors: amounts fal]ittg due Trvithin one year
2023
2022
Other taxation and social security
Other creditors
Accruals
873
373
2.520
172
17 Pension scheme
The ¢hariry operates a defined contribution pension scheme. The pension cost chaige for the year represents
contributi¢)ns payable by th¢ charity to the scheme and a]nounted tc> £1,45112022- £8591.
18 Fund5
Balanc¢ at
Other
31
Incomlng Resources
recognised December
resources
expended TraDsfers gainslllosses)
2023
Balance at I
January
2023
Unrestri¢ted fund5
General ￿nd
2.033.522
282,476 1446,032)
{7,212)
88,909 I,951,663
Desigrt4¢ed
Fixed asset reserve
220 715
216732
Total unrestrlcted funds
2 254 237
282 476
457 227
88 909 2 168 395
Restricted fund$
MM & WW Kay Memorial
Fund
F & B Tetlow Fund
1,753
I.753
Total funds
2.284,603
282,476
457.227
89.989 2,199,841
Page 20

Independent Methodist Association Incorporated (fhe)
Notes to the Fin*nclal Statements for the Year Ended 31 December 2023
Other
Balance at
recogni5ed
31
gainslllosses December
2022
Balance at I
January Ineoming Resources
2022
re￿UrCeS expended Transfers
Unr¢$trieted funds
General
General fimd
1.926.625
469,686 (211,023)
(1,61N) (150.1571 2.033.522
DÉsign4led
Fixed assei reserve
229.917
10.811
220.715
Toial unrestrlcted fund$
2 156.542
469.686
221.8M
150 157
2.254 237
Restri¢ted funds
MM & NVW Kay Memorial
Fund
F & B Tetlow Fund
1,753
33.650
1,753
3.213
3213
1,824
Total funds
2 191.945
469.686
225.047
151981
2 284 603
19 Aoalysi$ of net a55et5 between funds
Unrestri¢ted funds
Total funds
at 2023
Gen¢rai
Desl8llated Restricted fuDd$
TatL871 )le fjxed assets
Fixed asset tnvesttnents
Current assets
Current liabilities
216.732
216,732
1,852,914
136,632
1.821,468
136,632
31.446
Total net assets
216732
31.446
2.202 512
ul￿estricted fuDds
Total funds
at 2022
General
Designated Restricted funds
Tangible fixed assets
Fixed asset investments
220.715
220,715
I,568,122
498,538
1,537,756
498,538
30,366
Current assets
Current liabilities
Total net assets
2 033 522
220 715
30.366
2 284.603
Page2l