| | | NEW CASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH TRUSTEES ANNUAL REPORT AND ACCOUNTS CHARITY NO. 1127637 FOR THE VEAR ENDED 31ST AUGUST 2020 1 \ t | | ‘ | | } | i ! ; | H | | i i | 1 | | | : i | | | | } | i } | | | ## NEM CASTLE LPON TYNE DISTRICT OF THE METHODIST CHURCH REFERENCE AND ADMINISTRATIVE INFORMATION CUARITY NO. 1127637 ## FOR THE YEAR ENDED FIST ALGUST 202t ||TRUSTEES||| |---|---|---|---| ||Mies V Hal reared 30st|August 24201|Rev D Goodall| ||Reid S
J Lindndge|iChars|MirsK Hawwiuns (reared 3fst August 20120)| ||Deacon % Morgantappomted 1stSepwaher20194||MrA Lowe cappowted} stSeptember 2079:| ||MisCAmmstrong
ResAWale
Ms 1) A Stabler||Ms© Horton ¢ Dismict Treasurer)
MrAWilkinson
RevJPorterpryde (appoinied tst September 2019)| ||Rev E Limdndge||MesM Graham| ||Deacon THume||Mrs S Gibbon| ||Res § Fargl||MissA Iderion| ||MvB Stephens¢ retred|3tst August 2020)|| |;|Allwustecsaredeemedto
PRINCIPAL ADDRESS|tobekey managementpersonnelofthecharity
246 Wingrave Road North|| |||Fenham|| |||Newcastle upon Tyne|| |||NF4 9ES|| ||INDEPENDENTEXAMINER =RSMUKTaxandAccountingLamited||| |||{St James’ Gate|| |||Newcastle upon Tyne|:| |||NEt 4AD|| ||BANKERS|Lhoyds BarthPlc|CentralFianceBoard ofthe Methodist Church| |||Wallsend Branch|9 Bonhill Sucet| |||Rovat Chambers|London| |||IHigh Sireet East|ECA 4PE| |||Walksend|| |||Tyne&Wear
NE2& BPR|| ||INVESTMENTMANAGERS —TrusteesforMethodistChurchPurposes
AND CUSTODIAN TRUSTEES
Central Buildings
OldhamStreet
Manchester
M1 UO||| ||SOLICTTORS|Srntons LLP
TheCube|| |||Bastack Road|| |||Newcastle upon Tyne|| |||NE46DB|| hi | | : | | i J | | | : | | i | | : : | | : i i i | ; ; } | | i | | | | i ; i | | ; NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020 UO ] Objectives and actn ities In setting our objectives and planning our acuvities. the Disunct Syaed (under the leadership of the District Trustees! meets Mice in each year. has given careful consideration to the Charity Commissioners’ zeneral guidance on public benefit and. in particufar, to its supplementan public benefit guidance on advancing our objevtives and conforms to the Chariuys Act 2011. The trustees present their annual report logether with the financial statements and independent examiners repart of the District For the period 1st September 2079 to Jtst August 2020 Newcastle upon Tyne District of the Methodist Church is a registered chariy number 1127637. Aims and Objectives The aim of the Newcastle upon Tyne District of the Methodist Church is to respond to the gospel af Gad’s tove in Christ and to work in partnership with others te fulfil our calling. Thus the District will seek to suppor. encourage. challenge and equip Circuits. Local Churches and individuals lo~ at underpin all activities with Ged-ventred worship and prayer: bd) promote a culture ia the Church which is peaple-centred and Mexible: ct make and nucture disciples who have confidence in speaking about their faith and in engaging in evangelisnr: d} engage in communnty development acts of loving service and action for justice: and e} veniure into fresh ways of being church The Methodist Conference further gave direction to every Distnct to produce a District Mission Plan to give facus 10 the above, District Mission Plan 2020 "The calling af the Methodist Church is to respond to the gospel of Gadl's love in Christ and to live out its discipleship in worship and mission.“ The purpose of the Neweastte upon Tyne Methodist District ss “to resource focal charches in fulfilling Our Catling” Through the District Mission Plan (DMP) the District aims wo resource local churches to be more fruitful in: Worship Evangetism Smatl Group Discipleship fuwilt seck to achieve this through A process of retlecting back 1o Cireuit Leadership Teams on the Mission (Le. Growth or End ofLife) Plans that local churches and circuits produce. The establishment ofa "District Evangelism Team” with a particular focus on urban priority areas. rural areas, fresh expressions and the Together project. The appointmentofa “Worship Working Party” (o consult widely in order to help the District discern how we can suppor an improvement in the quality of both congrgational and small-group worship and what resourcing is needed to help churches implement this. Working with Superintendent Ministers and Circuit Leadership Teams to seek the best way to suppor the development of small groups which promote faith development and church groweth. A commitment from the District and Circuils to ensuring (hat ministers’ gifis and callings are nol inhibited by being expected to fulfil fay roles c.g. safeguarding officer. property steward. treasurer ete. In order to do this we will organise vurselves differently: The Synod as the policy-making body confirmed in September 2018 that our purpose as a District is "to resource local churches in fullfilling Our Calling” The District Policy Committee as the Managing Trustees. continues lo refine its polices in a way that resources the District Mission Plan and will review the plan annually. The DMP will be regularly updated With its implementations and achievements achics ements. The September 2018 Synod appointed a District Leadership Team from amongst the District Officers to ensure that the District fulfils its purpose. Synod appointed a District Community Engagement Enabler in September 2019 10 further enhance its goals in all that we do remember that Gad is with us. that we seek to serve God alone and make disciples of Jesus Christ empowered by the Holy Spirit 2 ~~ Achievements and performance The District docs not seek and, in large measure, does nat attain direct contact with the public. The direct The principle purpose afthe District is to act as a supporting bady beaween Circuits and the Connexion. contact is by Churches and Circuits and it is these that the District supports in their desire to provide benefit to the public. Under the heading “Collaborative arrangements with connected charities” (3.3 below) there is information on how we obtained our funds. In this paragraph we show how they were spent. The money collected, or availabte for dissipation. was used as grants to support Churches and Ciceuits throughout the District with their work in their lecal communities and te subsidise the administrative costs of the District. The policy of the inustees on grant making fs to ensure that all applications van demunstnue public bencfit, pass a test of sustainability, show that there s commiument Irom the applicant organisation and show imagination and creativity as well as a perceived aved For that for which the grant is buing applied for. 3 i| | H[!] i | | | | ! | : ! | : ; | | Ii : ! i ij ! | | | i : } J | i ! | | | : | { { **----- Start of picture text -----**
NEWCASTLE UPON TA NE DISTRICT OF THE METHODIST CHURCH
REPORT OF THE TRUSTEES FOR THE ¥LAR ENDED 3IST ALGUSY 2020
NN
Cont
The granis were of several kinds, inctuding
* Grant: for the adapuon of burtdmgs yo that they could more easily meet the modem needs of
Churches and help Churches provide sers ices to the communts
* Grant which supported part time or full ume workers akached to Circunts or Local Churches
» Grants lor veung people to allend conferences stich as 3Generate
* Grants to individuals to help pas for the cost of studying
Crreauts and Churches that have received grants from the District wail show in their own Trustees’
4nnual Reports (where these are required to be preparedi detarts of the outcome of the activities
undertaken as a resuJt of receiving the gram
Traming for supers ision of [all] [mmister][ m] [the] [active][ work] [has][ begun]
Training for the new leadership module for safeguarding has begun across the District
2.1 Plans for future years
i Ensure that any local issues cmananng from the Past Cases Review are deaft with sympathetically.
fully and umousty
1 Ensure that all those within the Distnct that should attend the safeguarding Leadership Module de so
ix Encourage attendance at 3Generate
mn Encourage inttiatsves: for massion in Cercuits. and Churches within the District
3 Financial review
Dunne the year the District revetved total income of £362K (2018/19 - £373K) and dispersed £336K (2018 [19] [-] [£3][ 74K).]
The resulting surplus was £25k(2018/19 defeert £1k)
and total reserex cared forward of £EX40k (2018 19- LEEKS
The trustees of the District have every reason to believe that the District 1s a goutg concern, principally
because Circults continue to meet their assessment and the Distrwt has adequate reserves to cover a shortfall
in anticrpated income There we no subsidiary undertakings Trustees do not foresee any factors Urat will
ssenificanth, affect the financial performance ar position m the next yeut of two
The District continues to hold the one freehold property beg the Chair's Manse ta Newcastle upon Tyne
The Distnct has the following principal sources of funds
¢ Interest on uivesoments
© Levies on the Circuit Medel Trust Funds of Circurs within the District
* Contributions from Connexional Advance & Property Fund
* Assessments on Circuits within the District
These sums are used to administer the District‘ and to provide grants to Circuits, Churches and individuals
in the District so thal they may embark on or continue with projects that fulfil the mission of the Disunct by
bringing more people to Chnist or by providing facilities that might enable this to happen.
3.1 Fnvestment Policy and Performance
To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustecs
for Methodist Church Purposes (TMCP). TMCP acts as custodian trustec for all real estate held by
Districts and for all large (over 20K ) hequests and for the proceeds of sale of any propeny formerly owned
by the Distric., These sums are invested in unitsed investments or held on deposit, The investment
returns are close lo uacking the movements in the FTSE100 index. The deposit income mirrors the
deposit rates available elsewhere Newcastle District trusices’ investment poticy is aligned with that of the
CFB and TMCP because these organisations take toto consideration the social. environmental and ethical
consideratuns. both negatively: and positively. that make investments suitable for the Methodist Church
Shon term deposits are lodged directly with the Cenual Fmance Board (CFB) and atiract good rates of [interest]
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i ] ! | i : | | | ! : ; | ‘ j | | : | ; i i | | ! | | | { } | | ; | | | NEW CASTILE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR TRE YEAR ENDED SIST ALGUST 2026 ee There are no bench murks for the expected retums of appreckatien on utvestments at TMCP and CFB Ieas the Distnet’s polices to manage the cach and investment resources of the District so Unat a rate of return on investment - both bs was of dividend and capnal apprecigpan - 1s obtamed at feast as good ax market Tate considerng the District's low appetite for nsk 3.2 Reserves tevel and patics In should he noted thal the unrestnceed reserves have funded the purchase cost af the marise £1 70K and. as a result, the unrestricted reserves readily avarlable total is EYRK The Dssinct has a reserves policy covenng all 16 unrestricted funds which is rex tened annuals The minum policy fevel of the readily available part af the Gereral Fund is suck as to pay for six months payroll casts and closing costs of staff redundancies. rent and other costs on leased equipment AU3Ist August 2020 this sum amounted to £87k against actual reserves of £98k as stated above The reserves held a! the end of tte vear were as loll s: **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Unrestricted|Funds|£| |General|Fund|£264.438| |Designated|Funds| |Capital|Fund|£350.426| |District|Aid|Fund|£10062| |Our Calling|£20,000| |Mission|Together|Fund|£12,803| |Imtemational|Fund|£20| |University|Chaplain|£29,778| |Industrial|Chaplames|£12,641| |lgntte|£1,491| |Disinict|Advance|Fund|£24.297| |Benevolence|Fund|£5. 797| |MSM|Fund|£18,673| |£45,767| |£837,126| |Total|Undesignaigd|Funds|£2A4.43$| |Less|Invested|in|the|Manse|£169. 840| |Uncommitted|reser es.|readily|available|£94,598| **----- End of picture text -----**
Al funds are separately invested either with CFB ar TMICP No money is directly mvosted in property. securibes or ather forms ef investnents 3.3 Collaborative arrangements with connected charities The Distriet’s main source of funding is the assessments obtamed from each Circuit witht the Disotct based on the membership and staffing levels of the Circuit and this was used to defray most of the cost of administering the District, The sum amounted to £59,654 (2019 - £617 400) The Dastnct oblamed from each Circuet with a reserve, known as a Circuit Medel Trust Fund (CMITF), a levy based on the size of the Circuits’ CMTFs at the start of the conmexionat year (1st Seplemtecr). In 2019/20 this sum was £70,165 and was credited tu the District Advance Fund The District ufse obtained an allecation trom the Connextonal Advance and Proper Fund of £138,593. This fund as obtained from a lesy on all property sales of Methodist property The District holds no funds as custodian Trustee It does. however. quarterly receive from Circuits j | | } 1 | |i : ; | | | | : | : i | | | i i ; | : | | ; | . | ' j | | | i| | j: | ; | | | i | | ## NEW CASTLE UPON TYNE DISTRICT OF THE METHODIST CHL RCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED BIST ALGUSTE 2020 ec **----- Start of picture text -----**
svrthin the Dastnet the Circuns’ contribupans to the Methodist Church Fund (MCh). These sums are
collected as ugent for the MC¥ and are passed to the MCP later in the same quartes. Funds received
by the District ag agent are aot recogmised as an asset in the financial statements because the funds
are nut within tts control No fee 1s camed in respct of this agency arrangement and the District incucs
no cost Ihrough tus arrangement
4 Trustees’ responsibilities
‘The trustees ane responsible for preparing the wustees report and the financial stalemeas
accordance with applicable law and the United Kingdom Accaunting standards
thatFor each pve afinanctal true andyear fair ending view ofon the3451 Distnct'sAugustfinancealthe Trusteesscuvitiesare required dunng thelo yearprepare andfinancial of ts sialememis
financial postion at the end of the year. fn preparing these financial statements, the Trustees must,
«select suitable accountng polictes and apply them consisteatly usme dhe aceruals method
* make judgements and estimates that ase ceasonable and prudcat
« fotlow applicable accounting standards
+ prepare accounts to comply with the Chanues SORP
« [K Accounung Standards have been followed. subject to any matenal departures disclosed and
explained un the financial statements
+ prepare the financial statements on the going concern basis unless iLis mappropnate to presume
that the Distinct wilt continue in business
The Trustees are responsible for keeping proper accounting records which disclose w tth reasonable accuracy
al any ume the financial posinion of the District and enables them to ensure that the financial statements
comply with the law They are also responsible for safeguarding the assets of the District and bence taking
reasonable steps for the prevention and detection of fraud and other iregularines
The Trustees are responsthle for the maintenance and integrity of the corporate and financial information
included on the District's website Legislanon an the United Kmgdom goveromng the preparation and
dissemtaation of financial statements may differ from legislation in other yurisdictions
Traning in the respansibilstics of trustees ts offered to all new crustees soon after their appointment
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- The District is largely risk averse but, especially in making granis to endues embarking on new and ymaginative initiatives. the District is prepared to underwrite considered risks Distnets do not need their own risk register because most of what is covered tn the Connexienal Risk Review will be the same for the Distnet. The Connextonal Risk Review has just been updated in the hght of Covid-19 so it is even more relevent and we can refer‘defer to it - § Structure, governance and management The District is ap unincorporated associaion and 15 governed by the Methodist Church Act 1976. the Deed of Union and the Medel Trust Deeds of the Methodist Church and was registered with the Charity Commusioners on 21st January 2004 The Trustees are appoinied from within the Distinct as and when the aeed arses and appointments are approved by Disurci Synod. - 51 StructureCircuits are the coordinanng charittes for local groups of Churches, Circuits pay the stipends of the ministers and employ tay staff to serve the Churches in the Circuit, most decisions are made at of raiified by the half yearly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circuits and makes its decisians at half yearly synods The Methodist Conference mezis ance each year as the supreme denominational body for all Methodist Churches. 1. Overall regulatory authority rests with the Methodist Conference 2. The Connexional Office implements decisioos made by Conference and is also responsible for the stationing of presbyters and deacons (collectively known as ministers) in individual Circuis within the District. - 3. Connextonal decisions are passed to the Chair ofthe District and the appropriate officers of the 4. TheDistrictDistrictfor implementation. passes regulatory control down to Circuit level for local umplementacon by the Superintendent Minister, ministerial staff and Circuit Stewards, ond authority is delegated to the Circun Meeting for certain matters - 5 The Circuit Meeting passes regulatory contrat down to Church Councils for local implementation by the presbyter, the Chusch Stewards. and other officers, and this regulatory authority is then - exercised by Church Councils as Managing Trustees of their Chanty. t | | | : || | ii | 3j | i | j| j i || : i | | | | :i | | }i | | | i } | | |5 | j | | ## NEWCASTLE CPON TENE BISTRICT OF THE METHODIST CHERCH REPORT OF ‘THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020 **----- Start of picture text -----**
§.2 PurposeThe Districtof thejs antDistrict expression, over a wider geographical area than any Circuit, af the Connexsonat
character of the Church
theThe udvancement purposesThe udvancement purposes udvancement purposes purposes ef the of the of of Methodist Church are and and shall be deemed deemed to have have been since the the date af lhe lhe union
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theThe udvancement purposesThe udvancement purposes udvancement purposes purposes ef the of the of of Methodist Church are and and shall be deemed deemed to have have been since the the date af lhe lhe union
a te Chnstean fart in accordance wth the dietnnal standards and the discipline of thy Methodist
b Church.any chartableand purposes for the tint being of any Connexional, Pistnict Circuit. Local or ather
organisation of the Methodest Church, and
¢ any chamable purpose for the time being ef any socety or instiluton subsidiary or anciflan
to the Methodist Church, and
d ancillaryany purposeof thefor Methodistshe ume being Charch ofany charity bemg a charty subsidsary or
The priman purpose of ths District 15 to advance the mussion of the Church in Northumberland
Tyne & Wear and the Northern past of Durham
¢ by providing opporunives for Cirautts to work ingether and suppor each sther
«by offering to Circuits resources of finance. personnel and expertise
oversightThe Distrtct of theserves vanous minstresthe Local Churehes of theand Church, and Cercuits and in programmesthe Conference ofuainingin the support, deployment und
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S3 Gavernance The Dastrict operates within a statutory framework of regutation and secks to ensure that Ht follows Methodistto provade guidanceStanding Orders on changesft relies that could on the affect Connexional te DastrictOffice at 25 Marylebone Road, London, NWI SIR The members of the District Policy Commutiee (DPC? are annually appointed by a vote of the Synod for a continuous term not normally exceeding six years The Chair of District is ex officia chair of the DPC When a position becomes vacant on the Disincl Policy Cammmttec, nominations ar: invited from esters and las members of Circus within the Distnct The (‘hair of the Distoct then shares with nomunces whatPolicythe Commutteeroles covolve and theIf they Districtwisk Synod 1 be for consideredappomtmentfor 2 rote,Muemberstheir aames may beare either taken ministersto the Disterct or lay peuple attending Churches in the area covered by the Distnet. Trustees are al} members of the Methodist Church and through expeneace are aware of the workings of the charity The District Policy Comsmitice normalty meets four umes per year and deals with routine and exceptional matters Itoversees the work of the Evangelism. Worship and Discipleship teams and Fmance and Property Executive, Ststioning Advisory group, prohaboners commiitee and Candidates commitice SA Responsibilities of the District Policy Committee ) Localto formulateChurches and and,promotein particular, polictes whichto supervisewill advancethe use the of resources mission otof the[personnel.] Charch[ property] in the Cercusts[and][ finance] and and to assist Local Churches and Circuits having exceptional problems iyte to encourageactin an execuuveimter-Circuit Capacityand ecumenicalin matters remittedco-operation to the Commutice by the Svnod iv to keep within its purview all District concems nol dcah with elsewhere + to contribute and respond. as the case may be. to the development of Connexional policies as reflected un the work of the Conference and the Methodist Council. and to carry aut ils other responsibilities with any such development in mind vt to be aware that the stipend af the Chair of the Distnct ts set - currenily by reference to the change over a year in the Consumer Price Index - using a formuda that was agreed by the Methadist Conference for all ounisters within the Connexion vii consiantly to be aware ofthe public benefit guidance issued by the Chanty Commussion 1 ! i | | | ; ‘ | i : ‘ z | | : || || ] | : i| ## NEWCASTLE CPON TYNE DISTRICT OF THE METHODIST CHE RCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED JIST At GUST 2021) a . **----- Start of picture text -----**
||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |6.1|Trustees| |The|following|served|a5|Trustees|throughout|part|or|alf|of Ure|your|201420 or were|trustees|at|the|Gime| |of|this|rypart beng approved| |Rev|A Wane|Mr B|Stephens|cretered|3|fst|Augest|2020)| |Revd § J}|mdndge|Wo haars|Res|J|Porterpryde|(appointed|tst September|2039)| |Mr|4|Lowe|fappomted|[st|September 2019}|Res|D Goadatl| |Me|{ Boyd|appointed|Ist|September|2019)|Mr C|Horton|(Drsinct Treasurer)| |Mrs C|Armstrong|Res|§ Eart| |Mr D A|Stabler|Als A|Wilkinson| |Rev|Et mdndgc|Mrs V|Hill|dappasted|Ist September 2019 cenred|Jbst|August 26201| |Deacon|T|Hume|Miss A|fidertoa| |Deacon|Ci|Morgan|(appointed|Ist|September|20191|Mrs|S|Gibbon| |Mrs M|Graham|Mrs K|Hawkins|ireticed|3st August|2020| |62|Salanes of Dusinet|employees are|review ed by|the|Property|and Finance|Executive and coafirmed|by|the| |subsequent|Distinct|Policy|Cammitce| |63|A|resolution|to reappoint RSM UK|Tax and Accounung Lumited as independent examiners|will be|put to the| |trustees|and|the Synod.| **----- End of picture text -----**
## Approvals The Trustees' Report and the Financral Statements were approved by die District Policy Committee on Srgned on behalfof the DPC, as authorised **----- Start of picture text -----**
Stephen Lundrdge (agned} Chnstopber Harton signed}
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- ios!“weg,? f _
Dastnet Chast Date. S$ | wa LoD District Tressvrer Date &a if tht7 oeae a) ,
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH FOR THE VEAR ENDED 3IST AUGUST 2620 i | | ! ! | : | | | | | | | ; |report to the trustees on my eaamination of the accounts of Newcastle Upon Tyne District of the Methodist Church for the year ended 31st August 2020 which are set out on pages 31 {4 ## Respective responsibilities of trustees and examiner As the trustees of the charity you are responsible for the preparation of the accounts tn accordance with the requirements of the Charities Act 201] sthe 201) Act) } report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in camming out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(3)(b)of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently dees not cover al) matters that an auditor considers in giving their opinion on the accounts. The Consequentlyplanning and conduct,| express of noan opinionaudit goes as beyond to whetherthe thelimited accountsassurance presentthat a ‘true an independent and fair view’examination and my reportcan provide.is limited to those specific matters sct out in the examiner's stalement. {ndependent examiner's statements Since the charity's gross income exceeds £250.000 your examiner must be a member of a body listed in section 145 of the 201] Act. [confirm that 1am qualified to undertake the examination because 1 am a member ofthe Institule of Chartered Accountants in England and Wales. } have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any maternal respect. | accounting records were not kept in respect of the charity as required by section 130 of the 20ft 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 thal the accounts give a ‘true and fair view’ which is nor 3 matter considered as part of an independent examination. Name; Lucy Robson ONRelevent BEHALF OF RSM UK TAXprofessional qualification AND ACCOUNTINGor body: ACA LIMITED Chartered Accountants | St James’ Gate Newcasile upon Tyne NE] 4AD ## Date aloU24 | | J | | **----- Start of picture text -----**
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| | i | | | : | | | | | | | | | t | | || ! | ## NEWCASTLE LPON TYNE DISTRICT OF THE METHODIST CHURCH STATEMENT OF FENANCIAL ACTIVTOES FOR THE VEAR ENDED 31ST ALGUST 2020 **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |a|i| |Totals||| |Notes|Laorestricted|Designated|Restricted|Endowment|Totals|Previous| |Fund|Funds|Fuads|Funds|-ThisYear|=|Vear| |££| ||| |Income|and|Endowments| |Chanubly|acts tes|de|A484|-|268|738|-|268.412|HST| |Investments-interest|Tht|3.785|SI8s|26|O7hS|8,494| |Donauons|and|fegacies-demations|:|-|2.783|.|2.783|4817||| |Other Chantable|Income|4b|1.422|OG.107|HO, 593|-|$0122|93.149| |Total|facoming|Resources|61.793|72.892|227.289|26|362.000|372.838| |Charitable|Activites| |Salaries &|Associaled Costs|4&6|YS.003|102.238|-|+|28.24|167,193| |Manse|Casis|de|FBRY|-|-|-|7.289|0630| |Admunistration|de|t6.129|-|-|-|16.129|22,552| |Grants &|Donations|4c|-|-|102.661|-|$02.66}|158,747| |Other|Expenditure|5.037|4.207|1.062|6|10,312|15.962| |Total Charitable|Activities|126,438|106.445|103,723|6|336.632|373.904| |Net|Expenditure|(64.665)|(33,553)|123.566|2%)|25368|(1,666)| |‘fransters|Between|Funds|60,056|Rta|ti)|(100,636|(20)|-|-| |Sub Total|14.009)|6.447|22,930|:|25.368|1,066)| |Other|gains|=|-|-|-|-|-| |Net Movement in Funds|4.009)|6447|22.930|-|35.308|(1.066)| |Reconciliation of Funds| |Total funds brough)|forward| |from|Last|Year|268.447|520,774|22,837|2927|814,983|$16,081| |Tatal|Fonds|Carried|Forward| |eS|Olels>D=>D>DaOQOQQQODTTwsE iI|SaaS_|C|[lE—E——*O_aS]|[eee]| |at End of Year|264.438|527.221|45,767|2.927|840.353|BI4.985| **----- End of picture text -----**
The statement of financial activities includes oll gains and losses recognised tn the year All incoming resources and resources expended derive from continuing activities These unaudited financial statements have been subject ta mdependent examination. See report on page 2. | } NEWCASTLE UPON TYNE DIST RICT OF THE METHODIST Cit RCH | | | 3 | | : j J | | | : | 1 |1 | | | \ | ## BALANCE SHEET ASAT 31ST ACGUST 2026 ||Notes|Totals
This
Year|Totals
Previous| |---|---|---|---| ||||Sear| |||£|£| |FixedAssets|?|169.84:|169.840| |Curreat Assets
Debtors&Prepayments|8|22,556|30.979| |Cash at Bank||118.213|1,16),784| |TotalCurrent Assets||1.149,769|1.192.763| |Creditors
Net CurrentAssets|9|185.195
Q55 S74|313.581
879.182| |Total Assebs less|||| |NetCurrent Liabilities||1I2S4t4d|£.049.022| |Creditors: amounts due|||| |afleroneyear||285,61|234,137| |Net Assets
FundsoftheDistrict||$40,353
814,985
oO>|| |General Fund (Unrestricted
DesignatedFunds
Restncted Funds|12
W|164.438
$27,221
45.767|268.447
$20,774
22.837| |Endowment Funds|1a|2.927|2,927| |TotalFunds||$40,353
844.985
———oeSSSOe|| **----- Start of picture text -----**
The financial statements on pages 3 - 14 were approved by tbe hoard of trustees on
and stgned on ts behalfby
$3 Lindridge Loh
C€ Horton i f j I C~
oo Ses
Trustevs
These unaudited financial statements haye been subject (a independent examination. See repost on page 2.
**----- End of picture text -----**
] : i | | | | ; | | | || i i | | | | || | : ; |[|] | : : || : i[}] | t 1 ## NEW CASTLE UPON TYNE DISTRICT OF THE NIE THODIST CHURCH NOVES TO THE FINANCEAL STATERENTS FOR THE VEAR ENDED 35ST AUGUST 2020 1 Accounting potictes Basis of preparation of financis$ statements The finuncta! sizi:ments have heen prepared ww accordance with Accounbng and Reparung hy Chantes Statement of Recommended Prachee applicable to chartues preparing ther acednunts in accordance with the Eunanctaf Reporting Standard applicable in the t K and Republic of fretand «FRSTO2) feffecuve { Januan 2015) (Charities SORP FRS 18201 the Financial Reporung Stardard applicable in the UK and Repubtre of Ireland (FRS 102) The aduress of the Disirict's registered office and principal place of business 1x 246 W ingrove Road North Fenham Newcastle upon Tyne, NE OFS Newcastle npon Tyne Desinct of the Methodist Church meets the definmon ofa public benefit enn under ERSstatedJ02 tn the relevantAssets and accountngliabilities are paltcyottally recognised af historical cost or transacuon salue unless otherwise The accounts are prepared m sterhme. which us the funchonal currency of the charity Monetary amounts in these financial statements are raunded to the nearest £ ## Golmg concern Fimancial Reporting Standard [02 requires. f apprapriate. the District's financral stalements are prepared on a going concer basis, which means thar the District ts able to operate for the forexceable future on the basis af known and reasonable projected resources Afier review ing financial and other information available. Ge Trustees cousider that there are no materia) vacentasnnes in respect of the District's ability 10 continue as 3a going concem Newcastle upon Tyne Orstrict of the Methodist Church has adequate resources to continue in operalanal existence for the foreseeable future. They conunue to beheve the going conver basis of accounung fs appruprate tt preparing the annual financial stalements 2 Fund accounting The funds held constitute General Funds held for amy purpose of the District hich are Unrestncted. Designated Funds and Resuncled Funds which are held for o narrower purpose and Endowsrent Funds which represent efis. the capital normally heme onay ailable for spending. and the income from which ts eather Restricted or Unrestricted. Detarls of gach material fund are disctosed in notes 1f-t4 to these accounts ## {ncome Income 15 recognised in the period in which the Distnet is ennued to recetpt and te amount can be measured with reasonahle cerlainty. income as defested only when the District has to fil[fd][ conddions][before][ becoming] entitled to tt or where the donor has specified that the meome #5 19 be expended tn a future penod Voluntaryfinancial activitiesmeome When recerved receivedby wayintangibleof donations income and gritsis not to included the District unlessis mctudedit represents in full goodsin the or statement services which of would have othemsise been purchased Gills in kind are valued and brought in as income and the appropnate expenditure There were no gifis in kind im the year ended 3 fst August 2026 ‘These unaudited financial statements have beet subject to independent examination, See report on page 2. | i | } | } | { | | : | | | i | ! | | : | : | } | | | | i | | | | | ## NEWCASTLE LPOS TY NE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JIST AL GUST 2020 Accounung palleies conunued Expenditure E\peadiure ig recognised when a hrabitin ts tncurred or 2 constracine obligation arses that resutt wn the payment bemg unavoidable Resources expended are allocated to the parucular acuity where the cost relates directly 10 Urat actryily ## Debtors ‘rade and othyr debtors are recogmed at the setdeoment amount after any trade discounts offered Prepay menis are valued at the amount prepaid act of any cade discounts due ## Casb at bank and in hand Cash at bank and m hand cludes cash and short term highh hquid investments woth a short matuny ofthree rapnihs of less from the date of acquesition or opening of the deposit or sumilar account Lizbitities and provision Liabshities are recognised when there is an obligation ut the Balance sheer date as a result of[8][ past][ event][Il][ts] probable that a tansfer of economuc bevefit will be required in settiement, and the amount of the settlement can be estimated reliably Liabilines are recognised al the amount that the District anucipares i(will pay tp sete the debt or die amoustt it hes received as adv anced payments for the goods or services A must provide. Provisions are measured at the best esumate of the amounts required ta sete the obligation Where the eflect af the (me value of money 1s matenal, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the nsks specific to the habrlity The unwinding of[the][discount][1s][recognised][within] interest payable and stmilar charges Tangible fixed assets and depreciation Eixed assets are initially measured at cost and subsequently measured at Cost less uccumutated depreciation Depreciation ts nol charged on frechold buildinys as under normal circumstances the residual values are considered to be greater than cost, However, the carry mg values of freehold bustdings are reviewed for umpairment af events oF changes in circumstances mdicate the carrying value may not be recoverable ; ## Assets having an intial cost of £4,000 or Jess aré written offon acquisition Financial instruments Financial instruments are classified and accounted for, according to the substance ofthe contractual arrangement as eather financial assets. financtal habilives or equity insirewnents. At equity instrument is any vordract thal evidences a residual interest in the assets of the Distnet after deducting all of its liabiliues The Distret has elected to apply the provisions of Section TT "Basts Financial Insuuments” and Section 12 "Other Fisanciat Instruments Issues" of FRS 102. in full to al} ofds financtal instruments Alt of the charities financral assets and financial liabilities qualify as basi¢ financial instruments. Basic financial instruments are initially cecognived at transaction value and subsequeatly measured at their settlement value : These unaudited financial statements have been subject to independent examination, See report on page 2. J ; | } | | i: | i : | | i i ! : | i | | | | | | : | | | | ; | | NEWCASTLE LPON TYNE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JIST AUGUST 2020 Accounting poberes continued 3 Investments Investments are stated at marhel calug tess amy provision for permanent dimenuaen im vatue Gainslosses} on investments Realyed and unrealised capital gas and foxses unt investments are dealt with in the Sratement of Financsah Actives in the scar m which (hey artse. based op the brought farward valuations ar cost of subsequent addinons Employee benefils The costs of short-term crapfover benefits are recognised as a lability and an expense, unless these Costs are required w be capitalised as an intangiole or tangible fixed asset Employees are only entitted to carr tons ard unused hahdas chullement in exceptional circumstances, and onty by agreement with management The cost of any anused cotedement ts recugmised wn the period tn which the employee's sersices are required > PensionThe chantyscheme operates a defined contribution scheme for employees The assets of the scheme are held separately from those of the chart The amount charged to the Statersent of Financeal Acti ities Is the conibubons payable in the year Differences beeen cuniribubons pay able mn ahe year and actually paid are shown as either prepayments tr accruals TheAgencydistrictarrangementsacts as an agent in the coflecvon and payment of Methodist Church Fund Refated pasrents received from the Circuits are paid over to the Connexion and exctuded from the slatentent of financial acteyitics and are shown separately im gote 26 Critleal accounting estimates and areas of judgement ; Estimates and judgements are conunually evaluated and are based on historical expenence and other (actors, including expectaon of future events tut are helieved to be reasonable under the circumstances Critcal accountng estimates and assuinptiany The District mukes estsmates and assumpttons concemung the future The resulting accountng estanates and assumptions will, by definition, seldom equal the related actual resulls Critical arvas ofjudgement In categnnsing teases as finance leases uf aperabag jvases, management makes judgemenls as 10 whether significant nsks and rewards of ownership have transferred to the District as lessee. oF the lessee, where the Distric) is a fessor These unaudited financial statemeats have been subject to independent examination. See report on page 2. i i | i [ | | } | | | | : | 1 i ; : | | ; | | | | | | : | i i | ## NEWCASTLE CPON TYNE DISTHUCT OF THE METHODIST CHURCH ## NOTES TO THE FINANCIAL STATEMENTS FOR THE VEAR ENDED JIST AL GUST 2020 **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |fa.|Sncame frew|Charitable|Activities| |Carestricted|Designated|Restacted|Endowment|Total|Totai| |Fund|Fuads|Funds|Funds|2020|2019| |i|£|£|£|£|£| |Assessment| |on|circuits|5y.684|.|:|:|SoASS|b6EADD| |From|Crean|Model| |‘Trust|Funds|-|-|70.165|:|F168|45.807| |Connexsanal|Advance| |&|Propeny|Fuad|.|.|138.593|-|438,593|158.671| |$9,654|-|RSFSR|-|268,412|265.878| |The|income|from|charitable|actrees was|L268412|(2619|£26878) of|which|£59654|way|unrestriceed| |E20}|9|EB|LAN)|and|L2GNTSS was|restricted|(2GL9|£204478)| |db|Other|[Income|Un-Restricted|Designated|Restricted|Endowment|Total|Total| |Faoud|Fonds|Funds|Fuads|2024|2019| |£|£|£|£|£|£| |Grants|Received|-|60|C00|60,006|0.000| |Workplace Chaplain|-|TK|.|:|7 SH|(2,500| |Sundry|Income|1.422|1.607|18.593|.|13.622|20.640| |1.422|69.107|10.593|-|$1,122|93,149| |ee|[ee]|a|[ ee][ Se][ CE SA]| **----- End of picture text -----**
The other mcome finding was £81122 (2619 £93149) ofwtich £1422 was unrestincied (2019 £37996) and £69107 was designated (2019 ESSE 53 ;and£ [0593 was restricted (2019 nil) ## 4c. Expenditure **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |Staffcosts|Direct costs|Support|Casts|Total 2026|Tota) 2019| |£|£|£|£|£| |Salanes|and associated|costs|200.341|-|:|200.24|[|167.593| |Manse|costs|-|7,289|-|7.289|9.650| |Admuntstratton|:|-|fo129|16.129|22.352| |Granis and|donations|-|102,061|-|102.664|158.747| |Other expendiure|-|10.312|-|10.312|15,962| |200.241|120,262|16.129|336.632|373,904| **----- End of picture text -----**
Expenditure for the year was £336631 (2019: £373904) of which £10372 (2019 £13G728) was restricted. £12643 72019 £1 74075 was unrestricted.£ 106445 (2019 £69095 was designated and £6 (2019 £6} was endowment **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |Grants|and|donations|are|2020|209| |made up|as|follows:|£102.46)|£1SK.747| |Breakdown|of grants|paid|are shown|at nose|21|on|page|14| |Support|costs|are|2020|2019| |srade up|as|follows.|£16129|£22,352| |During the|vear expenses|were reimbursed|to|trustecs ofthe|charity|totallme £15919|(2019|£1149t}| |These unaudited financial|statements|have|been subject to independent examination. See|report on page 2.| **----- End of picture text -----**
: | i |[i] | | i | | | | | | ! ; | i | i | | 1 | : | | | | | | | ## NEWCASTLE CRON TANE DISTRICT OF THE METHGDIST CFR RCH NOTES TO THE FINANCHAL, STATEMENTS FORTHE YEAR EXDED 34ST ALGUST 2020 Dees |3|Frustees||| |---|---|---|---| ||None ofthe trustees. urpersuns connected with them. reseredt any remuncration orother benefits trom tic
Distactaranyconnected orgamsauian asaresultoftheirofficedunngtheyearended3tstAugust26201(2029)
Enil)
Trustees areallowed (o reclaim certain eypenses incurred as a result ofthem fulfilling (heir duties The
amount claimed during the \carended 3 tst August 20126 was
2020||1019| ||Numberoftrusiceswhowerepatdexpenses|&|It| ||Reimbursement of expenses
Totalreumbusement ofexpenses|ELS919
—|£12434
oo| |6|Staffcostsand the cost ofkey management personnel||| ||The ageregate payroll costsduring the yearwere:|1020|2009| ||Wages andSalanes
SocialSecunn Costs
Other Peasion Costs
Noemployeeearned inexcessof£60,000dunng theyear(2019: mi)
Particularsofemployees:
The averagemumberofstaff employedby the Distinctdurmgthe financial|{4k.921
9.973
16.943
{73,837
——
yearamounted to
2020
No|1bhails
§.8t4
14.238
137.160
en
2019
No| ||Total|ii|it| ||Key management personne!
Nosalaries asemployeebenefits are paid tothekeyoranagement personnel fortheyear (2019: nut)||| ||Net outgoing resources||| ||Netoutgoingresourcesare statedaflercharging
Staffpensioncontributions
Independent examiners fee|2020
£
16,943
2.760|2019
£
14.238
2.700| |7|Tangiblefixedassets||Freehold
Buildings
f| ||Cosi
IstSeptember2019& 31st August2026||V75.516| ||Depreciation
tstSeptember2019&3tstAugust 2020||5.676| ||Net book vatue
34stAugust 2039& 3istAugust 2020||169.840| ||Alltangiblefixedassetsareheldforchantablepurposes.||| These unaudited financial statements have been subject lo independent examination. Sce report on page 2. i i| ! | | i | | | ! | | i f | : | i| | | || | | | | } ## NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE VEAR ENDED 31ST AUGUST 2020 **----- Start of picture text -----**
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |a| |4K|Hebters| |2020|219| |£|f£| |Prepayments and acctued incame|22.856|Su|79| |9|Creditors:|220|2019| |£|£| |Accruals and deferred|income| |Due within|ovelve months|185,195|SE3.881| |Creditors|due over|twelve months|285,061|234.037| |10)|Endowsent|funds|Balance|Incoming|Charitable|Transfers|Outgoing|Balance| |[September|Resources|Activites|Resources|34 August| |2020|2019,|£|£|2020| |£|£|£|£| |Permanent|endowments| |TheMemonal WH|Scott Trust|2.927|26|-|24)|6|2.927| |eS|OO|SES|OO —|Ooo| |Balance|Incoming|Charitable|Transfers|Outgoing|Balance| |ist September|Resources|— Activities|Resources|3st August| |2019|2,018|2,019| |£|£|£|£|£|£| |Permanent|endowments| |The Wt Scatt| |Memorial|Trust|2927|24|0|19|t|2927| |———|——|a=|OEE|SS| |‘The WH|Scott|Memonal|Trust was estabhshed|in|1924|for|the benefit of|Wesley an|Methodist|Ministers| |Widows|This was subsequently|amended duc ta the lack of|beneficiaries and the come only|15 now|pard| |to the|District|Benevolent|Fund|The|fund|is represented by|snvestments| |These pnaudited financial slatements|have been subject|to independent examination. See report on page 2.| **----- End of picture text -----**
t | | | || | |i | | | : | ! | | | ; | : | 1 | { | | | | j| | | j ## NEW CASTLE (PON TYNE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGE ST 2020 er |FOR THE YEARTHE YEAR
er|FOR THE YEARTHE YEARYEAR ENDED 31ST AUGE
er|AUGE ST 2020
er|er|er||nl|nl| |---|---|---|---|---|---|---|---| |li|Restricted funds
2020|Bataace
| September
219|Incume
-Faapenditure||lnvesirnent
Gains
fLosses}|Transfers|Balance
31 August
2620| ||Distinct Advance Fund
Renevatent Fund
SISALFund
Traming Fund
Regional Trainme,Forum|430
3.941
[S566
.
900
22837|224,424
-
107
2783
:
227,289|43,562
164
-
9.997
-
103,723|.
.
.
.
-
~|EAU?
2%»
-
724d
(9001
€108.636)|24,297
5,797
18,673
-
-
48.767| |||SEwee|wee||||| ||2019|Balance
1 September
2018|locome|Expenditvare|Jovestment
Gains
(Losses)|_Traasfers|Balance
3f August
2019| ||DistinctAdvance Fund
Benevolent Fund
ESMFund
TrainmgFund
Regronal TrainingForum|2.699
5.46
15,589
.
900
24.634|LU90T?
840
al
|.977
241,935|123,686
od
124
6554
133,728|-
.
:
:|(87.4)
19
-
4.577
(83,016)|4x
8.941
IS.506
-
on)
22.837| |12.|Designatedfunds
2020|Hatance
1 September
2019|lncome|Expeoditare|Investment
Gains
(Lowes)|Transfers|Balance
31 August
2020| ||Urosseesity Chaplaincy
Capital
Fund
InternationalFund
OurCalling
Dasurict AidFund
IndustralChaplaincy
MissionTogetherFund
lamite
Total Designated Funds|29,432
30.000
44.654
15,008
366.430
3.741
423
-
(19.422)
20
.
-
-
.
29.008
20,0K)
39,422
19.422
100.018
44
-
.
-
7.50)
9.859
15,006
Loe
EGUHK)
8.303
-
16,000
3.668
1,607
3.784
520,774
72,892
Hi6.445
+
49.000
SOTLEEeeee|||||2_TIR
380,426
20
26.000
190,062
(2.64)
(2.8053
1.491
$27,231| ||2019|Balaace
1Septemher
2018|Income|Expenditure|Investment
Gains
(Losses),|Transfers|Balance
3]August
2019| ||Linwersits Chaplaincy
CapitalFund
OurCalling
IntemationalFund
DistreetAidFund
MissionTogetherFund
ignite
TatasDesignatedfunds|29.541
382,358
20
100,000
106
3.451
S1S.076|31).000)
3.622
20.(4K)
{8
1.000
5.153
59,793|44.709
19.450
4.936
69,095|:|15.000
-
15,0400|19.432
366.530
201K)
20
100.018
1.106
3.668
520.774| ||.||||||| These unaudited financial statements have been subject to independent examination, See report on pape 2 | | 12 NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHE RCH NOTES TO THE FPVANCLAL STATEMENTS | | | | | | | ; | | | i i | | | | ! | : | : | |} | | | FOR THE VEAR ENDED 31ST AUGUST 2620 I I I 12. Ucsignated funds (continued) The income funds of the chanty wclude designated funds which has been set aside out of unrestricted funds hy the Trustecs for specific purposes The Cepttal Fund is a fisnd 10 wach all members and circuits have subsebed The investment racome only vill be used for “people” based projects and any funding granted will be on 3 purp-prming basis Several grants have heen made The fund 1s represented bs bank balances and is fully subscobed 10 Che Cuba Fund 1s 2 fund begun hy donations to 4 sponsored walk and used to fund close Lnks between the Distret and that country [thas been decided t rename “International Fund.” The Disiret Aid Furd has been set up (o make loans to aid compleuon of projects The Mission Together Fund ts recenving denabions 16 fund the Distinct Wide Mission The University Chaplaincy fund provides a chaphamey service to higher and further education instituuons within the Newcastle District ‘The lenite programme promotes leadership Iraining courses run i coaneclion \ ith the Pioneer Connexion Church (as a partner) The Qur Calhng Fund 1s @ grant from Connexion fo fund the work of Deacon T Hume in her work as Distact Community EnablerI was resalved to Fund arty defient from the District Capttal Fund The Industmal Chaplaincy Fund supparts the work of Indusirial Chaplams particularly at Neweastle International Airport 13 Restricted funds The mcome funds ofthe charity include restncted funds corpnsing the following unexpended balances of donatiousThe Benevolentand grants Fundheld representson trusts fundsto be designatedapplied forfor specific benevolentpurposes purposes as laid down hy Standing Order 32242) The income ofthe fund includes wansfers from W H Scorn Mermorta) Trust The fund ts represented by cash and bank balances. Church.The DistnetHrecewves Advance Fund income fromts a fund Cyrcuitset Modelup and admimstered Trust Funds within under thethe Districtstanding together orders of with the Methodist an allocation &om Connexional Advance & Property Fund for propery and people based projects to further the work ef this charity in the Newcastle District. Surplus funds are held with the Trustees for Methodist Church Purposes ‘The Educanon and Youth Fund was adsunustered by a sub-committee which has naw ceased All grants are pow administered by the Property and Finance Executive and the separate fund has been closed The cransfer to un-restricted funds is a grant made to finance the Supend and expenses of[the][District] Evangelism Enabler and the District Resourcing Mission Adviser. The MSM Fund was set up to enable the District Evangelism Enabler to arganise "Mission Shaped Ministry” courses{1 is alsoin open an toarea other extending denominations beyond tteItsboundaries now under of the the stewardshipNewcastle of theDsstnict Newcastle and covering Disinct the North of England Training Fund recetves donations (rom Circuits and makes donations to lay and ordained membersThe Regional Trainingof churches undertaking Forum Fundtrainingis a grant made from the North East Training Forum and has been transferredThese unauditedto the tainingfinancialfund statements have been subject to independent examination. See report on page 2. > . t | : | | | i | }i | | : | : | | j | | | : i | : { ; ; ## NEWCASTLE L PON TYNE DISTRICT OF THE METHODIST CHERCH - NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020 - EE 44° Charitable commitments 2419-£mbAt 3tst At 3tst August 2620 theze were no commumments which are lhe funded out af the District Capital Fuad: - 15 Ultimate controlling party The ultimate controlling party of dhe District ts considered to be the Annual Conference af the Methodist Chutch **----- Start of picture text -----**
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |16)|Related|parties| |The retated parues|of|the Distniet|are twelve Circuits, thew Chapels and Manses. which|are all based|tm|the| |North-East of England|‘They|are|contactable|«10|the principal|address|of the|Charity|Funds|are|transferred|on| |a quarterly|basts| |No|related|party|transachons|took|place|during|the|Current|of|Pres|tous|Vear| |17|Capital commitments| |2020|2069| |At 3 fst August 2020 the Distinct|£|£| |had|the|following|Capstal|Commitments| |Amount|Agthorsed|but|not|centracted|for|-|-| |18|Auslysis of net assets between|funds| |Un-Restricied|Desiguated|Restricted|Endowment|Total| |2024|Fund|Fuods|Funds|Funds|2020| |£|£|£|£|£| |Tangible|fixed|assets|169,840|-|-|-|[69.840| |Current|assets|103.861|327.221|307,268|2.927|1.140.969| |Current|habitines|(8.963)|+|(461.293)|-|(470,250)| |T4438|$27.22)|43,967|2927|840.553| |I|rr ——eaesSDaoSS|_—O—="—=EDPEaESSSS Cee| |Ua-Restricted|Designated|Restricted|Endowment|Total| |2019|Fuod|Funds|Fuods|Funds|2018| |Tangible|fixed assets|£169.840|£|£|£|169.840£| |Current|assets|t16.343|$24), 774|$82,749|2.927|1.192.763| |Current|habiities|(17,706)|-|829.9125|(547,618)| |—_—O——a| |268.447|520774|22837|2927|814,985| |These unaudited|financial statements|have|been subject|to independent|examination.|See report on|page|2.| **----- End of picture text -----**
| i 1 | i | | | | ! i | ; | | | ;| | 1 | | || | |{ i ## NEWCASTLE CPON TYNE DISTRICT OF THE METHODIST CHL RCY ## NOTES TO TRE FINANCIAL STATE MENTS FOR THE VEAR ENDED 3IST AL GUST 2020 ## t9 Faxation |t9|Faxation|Faxation|Faxation| |---|---|---|---| ||The Distinct 1sexemptfromaxon encomeand gams fallingwtlog Sector 395 uftheTaxesAct 1988 of Sectian 252
of the Taxation ofChargeableGaus Act [992 tw theextent thatthese are applied to ats chartableabjccts No tan
chargesfaveansenintheDaserict||| |20°|=Amountsdisbursedasagen}|2020|2019| ||MethodistChureh Fundassessmentsrecetved|£
520,346|£
496.6110| ||Methodist Church Fundassessments pard|520.346
——=—_|496,408
—-| |25|Grants and dovations|2020|2019| ||tnstitulons
Newcastle West Curcun
Newcastle (entralandEastCirmunt|£
5.01)
-|i
3.006
200| ||South Fast Northumbertand F.cumenical Area|-|433| ||Bast Durham Circutt
TynedaleCireust
Mint OneProgramme
ChineseMioistn
BedeCurcuit
Seund Media|43.009
1.500
.
-
-
-|10,009
48.580
-20.0R)
25,(KM)
73268
2400| ||North Shields& Whiley Bay Cucutt
Wesley Study Cente
Individuals forTrasming allunder£1000|50,000
-
99.500
3.16]
102.661|-
15.000
187.881
860
(58,747| These snaudited financial Matements have been subject to independent examination. See report on page 2. i | | | ( | | t i | ( i i