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NEWCASTLE UPON TYNE DISTRICT QE THE METHODIST CHURCH TRUSTEES ANNUAL REPORT AND ACCOUNTS CHARITY NO, 1127637 FOR THE YEAR ENDED 31ST AUGUST 202]
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REFERENCE AND ADMINISTRATIVE INFORMATION,
CHARITY NO. 1127637
FOR THE YEAR ENDED 31ST AUGUST 2021
TRUSTEES Rev E Walker (appointed Ist September 2020) Rev D Goodall (retired 31st March 2021) Revd S J Lindridge (Chair) Mr D Brown (appointed 24th April 2021) Deacon G Morgan Mr A Lowe Mrs C Armstrong Mr C Horton ( District Treasurer) Rev A Waite (retired 31st August 2021) Mr A Wilkinson Mr D A Stabler Rev J Porterpryde Rev E Lindridge Mrs M Graham Deacon T Hume Mrs S Gibbon Rev S Earl Miss A Hderton Mrs S Waters (appointed 241th April 2021) Rev J Carter (appointed 1st September 2021)
| All trustees aredeemedtobekeymanagementpersonnel ofthe charit | All trustees aredeemedtobekeymanagementpersonnel ofthe charit | |
|---|---|---|
| PRINCIPALADDRESS | 246WingroveRoadNorth | |
| Fenham | ||
| NewcastleuponTyne | ||
| NE4 9EFJ | ||
| INDEPENDENTEXAMINER —RSMUKTaxandAccountingLimited | ||
| 1 StJames’ Gate | ||
| Newcastle uponTyne | ||
| NEI 4AD | ||
| BANKERS | LioydsBankPie | Central FinanceBoardoftheMethodistChurch |
| North Sheilds Branch | 9 Bonhill Street | |
| 69,Bedford Street | London | |
| North Sheilds | EC2A4PE | |
| NE290AU | ||
| INVESTMENTMANAGERS_ TrusteesforMethodistChurchPurposes | ||
| ANDCUSTODIANTRUSTEES Central Buildings | ||
| Oldham Street | ||
| Manchester | ||
| MI 1JQ | ||
| SOLICITORS | Sintons LLP The Cube BarrackRoad |
. |
| NewcastleuponTyne NE46DB |
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021
a
IObjectives and activities
In setting our objectives and planning our activities, the District Synod (under the leadership of the
District Trustees) meets twice in each year, has given careful consideration to the Charity Commissioners’
general guidance on public benefit and, in particular, to its supplementary public benefit guidance on
advancing our objectives and conforms to the Charities Act 2011.
The trustees present their annual report together with the financial statements and independent examiners
report of the District for the period Ist September 2020 to 31st August 2021.
Newcastle upon Tyne District of the Methodist Church is a registered charity number 1127637.
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Aims and Objectives
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The aim of the Newcastle upon Tyne District of the Methodist Church is to respond to the gospel of God’s
love in Christ and to work in partnership with others to fulfil our calling.
Thus the District will seek to support, encourage, challenge and equip Circuits, Local Churches and
individuals to:-
a) underpin all activities with God-centred worship and prayer:
b) promote a culture in the Church which is people-centred and flexible:
c) make and nurture disciples who have confidence in speaking about their faith and in engaging
. in evangelism:
~ d) engage in community development, acts of loving service and action for [justice:] [and]
e} venture into fresh ways of being church.
The Methodist Conference further gave direction to every District to produce a District Mission Plan to give
focus to the above.
District Mission Plan 2021
"The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its
discipleship in worship and mission.”
The purpose of the Newcastle upon Tyne Methodist District is "to resource local churches in fulfilling
Our Calling"
Through the District Mission Plan (DMP) the District aims to resource local churches to be more fruitful in:
Worship
Evangelism
Small Group Discipleship
It will seek to achieve this through
A process of reflecting back to Circuit Leadership Teams on the Mission (i.e. Growth or End of Life)
ThePlans establishmentthat local churches of a "District and circuits Evangelismproduce. Team” with a particular focus on urban priority areas,
yural areas, fresh expressions and the Together project.
The appointmentof a "Worship Working Party" to consult widely in order to help the District discern
how we can support 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 support
the development of small groups which promote faith development and church growth.
A commitment from the District and Circuits to ensuring that ministers’ gifts and callings are not
inhibited by being expected to fulfil lay roles e.g. safeguarding officer, property steward, treasurer etc.
In order to do this we will organise ourselves 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 Poticy Committee as the Managing Trustees, continues to 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.
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 to further enhance its goais
In afl that we do remember that God is with us, that we seek Lo serve Gad alone and make disciples of Jesus
Christ empowered by the Holy Spirit.
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2 Achievements and performance The principle purpose of the District is to act as a supporting body between Circuits and the Connexion. The District does not seek and, in large measure, does not attain direct contact with the public. The direct 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 available for dissipation, was used as grants to support Churches and Circuits throughout the District with their work in their local communities and to subsidise the administrative costs of the District. The policy of the trustees on grant making is to ensure that alf applications can demonstrate public benefit, pass a test of sustainability, show that there is commitment from the applicant organisation =“ : and show imagination and creativity as well as a perceived need for that for which the grant is being applied for.
NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021.
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|Cont......|
|The grants were of|several kinds,|including:|
|*|Grants|for the|adaption of|buildings so|that they could more|easily mect the modem needs|of|
|Churches|and help Churches|provide|services|to|the community|
|¢|Grants which supported|part time or full|time workers attached to Circuits or Local Churches|
|¢|Grants|for young people|to|attend|conferences|such|as|3Generate|
|¢|Grants|to|individuals|to|help|pay|for the|cost of|studying.|
|Circuits and|Churches|that have received|grants from the|District will|show|in|their own Trustees|
|Annual|Reports|(where|these|are required|to|be|prepared)|details|of|the outcome of the|activities|
|undertaken|as|a result of|receiving|the grant|
|Training|for supervision of all|minister|in the|active work has|begun.|
|Training|for the new|leadership module|for safeguarding|has|begun|across|the|Distric|
|The effects of|the pandemic|are|beginning to take a significant|toll|upon|the|everyday|mission|and ministr|
|of|the main|local|churches.|Each circuit|has|been|affected|and|around|10% of|the Churches|in|the|District|
|have sought|permission|to|close|in|the|last year.|It|is|likely|that more|will|follow|in|the coming|year.|Eac|
|Circuit has reduced staffing accordingly,|with permission of|the District Policy Committee|as per th:|
|Standing Orders ofthe Methodist Church,|
|2.1|Plans for|future years|
|”|°|i|Ensurefully|andthattimeously any|local|issues emanating|from|the|Past|Cases Review are|dealt with sympathetically|
|ji|Ensure|that|all|those|within|the|District|that|should|attend the safeguarding|Leadership Module|do|so|
|iii|Encourage|attendance|at|3Generate|
|iv|Encourage|initiatives|for mission|in|Circuits|and|Churches within|the District|
|3|Financial|review|
|During|the year the|District received|total|income of|£358K|(2019/20|-|£362K) and|dispersed|£440K|(2019/2|- £336K).|
|The|resulting|deficit was £83k(2019/20|surplus|£25k)|
|and|total|reserves|carried|forward of|£758k|(2019/20- £840K).|
|The trustees of|the District have every reason to believe that the District is a going concem, principally|
|because Circuits|continue|to|meet their assessment|and|the|District|has|adequate|reserves|to|cover a|shortfall|
|in anticipated income.|There are no subsidiary undertakings.|Trustees do not foresee any factors that wil|
|significantly|affect the|financial|performance|or position|in|the next year or two|
|The District continues|to hold the one freehold property being the Chair's Manse in Newcastle upon Tyne|
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The District has the following principal sources of funds:
¢ Interest on investments « Levies on the Circuit Model Trust Funds of Circuits within the District * Contributions fromm Connexional Advance & Propesty 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 that they may embark on or continue with projects that fulfil the mission of the District by bringing more peopte to Christ or by providing facilities that might enable this to happen
3.1 Investment Policy and Performance To comply with Methodist Standing Orders, monies for long term investment ase lodged with the Trustees for Methodist Church Purposes (TMCP). TMCP acts as custodian trustee for all real estate held by Districts and for all large (over 20K) bequests and for the precceds of sale of any property formerly owned by the District. These sums are invested in unitised investments or held on deposit. The investmen retums are close to tracking the movements in the FTSE100 index, The deposit income mirrors the deposit rates available elsewhere. Newcastle District trustees' investment policy is aligned with thal of the CFB and TMCP because these organisations take into consideration the social, environmental and ethica considerations, both negatively and positively, that make investments suitable for the Methodist Church Short term deposits are lodged directly with the Central Finance Board (CFB) and attract good rates of interest.
} OF OD. URC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021
There are no bench marks for the expected retums or appreciation on investments at TMCP and CFB It is the District's policy to manage the cash and investment resources of the District so that a rate of retun on investment - both by way of dividend and capital appreciation - is obtained at least as good as market rate considering the District's low appetite for risk
3.2 Reserves level and policy
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It should be noted that the unrestricted reserves have funded the purchase cost of the manse £170k and, as a result, the unrestricted reserves readily available total is £98k.
The District has a reserves policy covering all its unrestricted funds which is reviewed annually.
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The minimum policy level of the readily available part of the General Fund is such as to pay for six months payroll costs and closing costs ofstaff redundancies, rent and other costs on feased equipment At 31st August 2021 this sum amounted to £87k against actual reserves of £98k as stated above
| Thereservesheldattheendoftheyearwereasfollows: | |
|---|---|
| UnrestrictedFunds | £ |
| General Fund | £280,124 |
| Designated Funds | |
| Capital Fund | £332,310 |
| District Aid Fund | £100,198 |
| OurCalling | £0 |
| Mission TogetherFund | £19,269 |
| International Fund | £20 |
| University Chaplain | £11,382 |
| Industrial Chaplaincy | £0 |
| Ignite District Advance Fund |
£0 ees £463,179 ~£10.423 |
| BenevolenceFund | £6,056 |
| MSM Fund | £15,693 |
| £11,326 | |
| £754,629 | |
| Total UndesignatedFunds | £280,124 |
| Less: Invested in theManse | £169,840 |
| Uncommittedreserves,readilyavailable | £110,284 |
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All funds are separately invested either with CFB or TMCP. No money is directly invested in property, securities or other forms of investments.
3.3 Collaborative arrangements with connected charities The District's main source of funding is the assessments obtained from each Circuit within the District 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 £84,762 (2019/2020 - £59,654). The District obtained from each Circuit with a reserve, known as a Circuit Model Trust Fund (CMTF), a levy based on the size of the Circuits' CMTFs at the start of the connexional year (ist September). aI n 2020/21allocationthisfrom sumthe wasConnexional £82,094 andAdvance was crediledand Pr t o perty the District Fund of Advance£153,253. Fund.ThisThefund Districis ob t ained also obtained from a levy on all property sales ofMethodist property. The District holds no funds as custodian Trustee. It does, however, quarterly receive from Circuits
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within the District the Cireuits' contributions to the Methodist Church Fund (MCF). These sums are
collected as agent for the MCF and are passed to the MCF later in the same quarter. Funds receiver
by the District as agent are not recognised as an asset in the financial statements because the fund
are not within its control. No fee is earned in respect of this agency arrangement and the District incur
no cost through this arrangement.
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4
Trustees’ responsibilities
The trustees are responsible for preparing the trustees report and the financial statements it accordance with applicable law and the United Kingdom Accounting standards
For each financial year ending on 3ist August the Trustees are required to prepare financial statements that give a true and fair view of the District's financial activities during the year and of it financial position at the end of the year. In preparing these financial statements, the Trustees must
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¢ select suitable accounting policies and apply them consistently using the accruals methoc * make judgements and estimates that are reasonable and pruden « follow applicable accounting standards ¢ prepare accounts to comply with the Charities SORP * UK Accounting Standards have been followed, subject to any material departures disclosed anc explained in the financial statements
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- prepare the financial statements on the going concer basis unless it is inappropriate to presum: that the District will continue in business
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accurac at any time the financial position of the District and enables them to ensure that the financial statement comply with the law, They are also responsible for safeguarding the assets of the District and hence takin, reasonable steps for the prevention and detection of fraud and other irregularities
The Trustees are responsible for the maintenance and integrity of the corporate and financial informatio included on the District's website. Legislation in the United Kingdom governing the preparation anc dissemination of financial statements may differ from legislation in other jurisdictions
Training in the responsibilities of trustees is offered to all new trustees soon after their appointment
41 Risk TheimaginativeDistrict initiatives,is largely risk the averse Districtbut, is preparedespecially to underwritein making grants consideredto entities risksembarking on new an: Districtswill be thedo same not need for thetheir District, own risk register the District notesbecause that of thewhatlatestis covered review wasin the undertaken Connexional by TheRisk Reviev Methodis - Council at its January 2021 meeting. The review was updated in the light of Covid-19 and other wider risks The Connexional risk review can be viewed at counc_jan-21_mc21-4-risk-management-policy.pdf(methodist.org.uk 42 Safeguarding The District reviews its Safeguarding Policy annually and is guided by the Regional Safeguarding Officer, who serves both the Newcastle upon Tyne and Darlington Districts. There is detailed guidance for Ministers and Lay Persons and all are recruited to serve in any post or office via the "safer recruitment process" appropriate training is delivered. The District including all Circuits, Local Churches and Projects, fully cooperated with the Connexiona request for information in recent years to inform the “past cases review"process the Connexion and the Independen Inquiry into Sexua! Abuse inquiries and that body issued a report in the Summer of 2021 in the light of its findings 5 Structure, governance and management The District is an unincorporated association and is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charity Commissioners on 21st January 2009. The Trustees are appointed from within the District as and when the need arises and appointments arc approved by District Synod. 5.1 Structure Circuits are the coordinating charities for local groups of Churches; Circuits pay the stipends of the minister: and employ lay staff to serve the Churches in the Circuit; most decisions are made at or ralificd by th: half yearly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circuits anc makes its decisions at half yearly synods. The Methodist Conference meets once cach year as th supreme denominational body for all Methodist Churches. 1. Overall regulatory authority rests with the Methodist Conference 2. The Connexional Office implements decisions made by Conference and is also responsibie for th: stationing of presbyters and deacons (collectively known as ministers) in individual Circuits within the District. 3, Connexional decisions are passed to the Chair ofthe District and the appropriate officers of th District for implementation.
E
S N OF
METHODIST C
ISTE ED
IGU
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3.1 [I]
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Structure continued — aa
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- The District passes regulatory contro! down to Circuit level for local implementation by the Superintenden Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meeting for certain matters.
5, The Circuit Meeting passes regulatory control down to Church Councils for local implementatio by the presbyter, the Church Stewards, and other officers, and this regulatory authority is ther exercised by Church Councils as Managing Trustees of their Charity
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- Purpose of the District The District is an expression, over a wider geographical area than any Circuit, of the Connexiona character ofthe church
The purposes of the Methodist Church are and shall be deemed to have been since the date of the unior the advancement of:
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a. the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and
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b. any charitable purposes for the time being of any Connexional, District Circuit, Local or othe organisation of the Methodist Church, and
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c. any charitable purpose for the time being of any society or institution subsidiary or ancillan to the Methodist Church, and
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d. any purpose for the time being of any charity being a charity subsidiary purpose for the time being of any charity being a charity subsidiary for the time being of any charity being a charity subsidiary the time being of any charity being a charity subsidiary time being of any charity being a charity subsidiary being of any charity being a charity subsidiary of any charity being a charity subsidiary any charity being a charity subsidiary charity being a charity subsidiary being a charity subsidiary a charity subsidiary charity subsidiary subsidiary 01 ancillary of of the Methodist Church. Methodist Church.
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d. any purpose for the time being of any charity being a charity subsidiary purpose for the time being of any charity being a charity subsidiary for the time being of any charity being a charity subsidiary the time being of any charity being a charity subsidiary time being of any charity being a charity subsidiary being of any charity being a charity subsidiary of any charity being a charity subsidiary any charity being a charity subsidiary charity being a charity subsidiary being a charity subsidiary a charity subsidiary charity subsidiary subsidiary 01 és ancillary of of the Methodist Church. Methodist Church. The primasy purpose of this District is to advance the mission of the Church in Northumberlanc Tyne & Wear and the Norther part of Durham.
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by providing opportunities for Circuits to work together and support each othe1
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« by offering to Circuits resources of finance, personnel and expertise
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The District serves the Local Churches and Circuits and the Conference in the support, deployment anc oversight of the various ministries of the Church, and in programmes of training
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5.3 Governance
The District operates within a statutory framework of regulation and secks to ensure thet it follow
Methodist Standing Orders. It relies on the Connexional Office at 25 Marylebone Road, London, NW1 5JR
to provide guidance on changes that could affect the District
The members of the District Policy Committee (DPC) are annually appointed by a vote of the Synod fo
a continuous term not normally exceeding six years. The Chair of District isex officio chair of the DPC.
- When a position becomes vacant on the District Policy Committee, nominations are invited from minister
and lay members of Circuits within the District. The Chair of the District then shares with nominee:
. what the roles inyolve. If they wish to be considered for a rote, their names are taken to the Distric
Policy Committee and the District Synod for appointment. Members may be either ministers or la:
people attending Churches in the area covered by the District. Trustees are afl members of the Methodis
Church and through experience are aware of the workings of the charity
The District Policy Committee normally meets four times per year and deals with routine and exceptiona
matters. It oversees the work of the Evangelism, Worship and Discipleship teams and Financ:
and Property Executive, Stationing Advisory gcoup, probationers committee and Candidates committee
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5.4
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i to formulate and promote policies which will advance the mission of the Church in the Circuits anc Local Churches and, in particular, to supervise the use of resources of personnel, property and finance and to assist Local Churches and Circuits having exceptional problems.
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ii. to encourage inter-Circult and ecumenical co-operatior iii to act in an executive capacity in matters remitted to the Committee by the Syno« iv to keep within its purview ail District conceras not dealt with elsewhere vy to contribute and respond, as the case may be, to the development of Connexional policies as reflecte: in the work of the Conference and the Methodist Council, and to carry out its other responsibilities with any such development in mind
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vi to be aware that the stipend of the Chair ofthe District is set - currently by reference to the change ove a year in the Consumer Price Index - using a formula that was agreed by the Methodist Conferenc: for all ministers within the Connexion.
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vii constantly to be aware ofthe public benefit guidance issued by the Charity Commission
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021
i
6.1 Trustees
The following served as Trustees throughout part or all of the year 2020/21 or were trustees at the time of this report being approved:
Rev A Waite (retired 31st August 2021) Rev E Walker (appointed Ist September 2020) Revd S J Lindridge (Chair) Rev J Porterpryde Mr A Lowe Rev D Goodall (retired 31st March 2021) Rev J Carter (appointed Ist September 2021) Mr C Horton (District Treasurer) Mrs C Armstrong Rev S Ear! Mr D A Stabler Mr A Wilkinson Rev E Lindridge Mr D Brown (appointed 24th April 2021) Deacon T Hume Miss A IIderton Deacon G Morgan Mrs S Gibbon Mrs M Graham Mrs S Waters (appointed 24th April 2021)
: 6,2 Salaries of District employees are reviewed by the Property and Finance Executive and confirmed by the subsequent District Policy Committee.
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6.3 A resolution to reappoint RSM UK Tax and Accounting Limited as independent examiners will be put to the trustees and the Synod.
Approvals
The Trustees’ Report and the Financial Statements were approved by the District Policy Committee on ;
Signed on behalf of the DPC, as authorised:
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Stephen Lindridge (signed)
District Chair Date; i Qea0
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Christopher Horton (signed)
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District Treasurer Date: Uva lac
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH FOR THE YEAR ENDED 31ST AUGUST 202) a |report to the trustees on my examination of the accounts ofNewcastle Upon Tyne District of the Methodist Church for the year ended 31st August 2021 which are set out on pages 3 to 14
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Respective responsibilities of trustees and examiner
As the trustees of the charity you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 (the 2011 Act)
[ report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidernce that would be required in an audit and consequently does not cover all matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently ,I express no opinion as to whether the accounts present a ‘true and fair view' and my report is limited to those specific matters set out in the examiner's statement.
Independent 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 2011 Act. I confirm that lam qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales. 1 have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2 the accounts do not accord with those records; or 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports ) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part ofan independent examination.
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Name: Lucy Robson
Relevant professional qualification or body: ACA ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED
Chartered Accountants
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1 St James’ Gate ; Newcastle upon Tyne NEI 4AD
Date
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 318T AUGUST 202]
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|Totals|
|Notes|Unrestricted|Designated|Restricted|Endowment|Totals|Previous|
|Fund|Funds|Funds|Funds|This Year|Year|
|£|£|£|£|£|£|
|Income|and|Endowments|
|Charitible|activities|4a|84,762|-|235,347|-|320,109|268,412|
|Investments-interest|173|1,052|1,985|30|3,240|9,713|
|Donations and legacies-donations|-|-|581|-|581|2,753|
|Other Charitable Income|4b|612|33,000|-|-|33,612|84,122|
|Total Incoming Resources|85,547|34,052|237,913|30|357,542|362,000|
|Charitable Activites|
|Salaries & Associated Costs|4c&6|92,462|93,536|-|-|185,998|200,241|
|Manse|Costs|de|7,184|-|-|-|7,184|7,289|
|Administration|4c|17,461|-|-|-|17,461|16,129|
|Grants & Donations|4c|-|13,641|207,243|-|220,884|102,663|
|Other Expenditure|4c|7,429|426|951|6|8,812|10,312|
|Total Charitable Activities|124,536|107,603|208,194|6|440,339|336,632|
|Net Expenditure|(38,989)|(73,551)|29,719|24|(82,797)|25,368|
|Transfers|Between Funds|54,675|9,509|(64,160)|(24)|-|-|
|Sub Total|15,686|(64,042)|(34,441)|-|(82,797)|25,368|
|Other gains|;|-|-|-|229|229|-|
|Net Movement in Funds|15,686|(64,042)|(34,441)|229|(82,568)|25,368|
|Reconciliation of Funds|
|Total funds brought forward|
|from Last Year|264,438|527,221|45,767|2,927|840,353|814,985|
|Total|Funds|Carried|Forward|
|at End of|Year|280,124|463,179|11,326|2,927|757,785|840,353|
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The statement of financial activities inclades all gains and losses recognised in the year
All incoming resources and resources expended derive from continuing activities These unaudited financial statements have been subject to independent examination. See report on page 2.
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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BALANCE SHEET AS AT 31ST AUGUST 2021
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|Notes|Totals|Totals|
|This Year|Previous|
|Year|
|£|£|
|Fixed Assets|7|169,840|169,840|
|Current Assets|
|Debtors & Prepayments|8|72,814|22,556|
|Cash|at|Bank|1,162,090|1,118,213|
|Total|Current Assets|1,234,904|1,140,769|
|Creditors|9|321,304|185,195|
|Net Current|Assets|9)3,600|955,574|
|Total Assets|less|
|Net Current|Liabilities|1,083,440|1,125,414|
|Creditors:|amounts|duc|
|after one year|325,655|285,061|
|Net Assets|757,785|840,353|
|Funds|of the|District|
|General|Fund (Unrestricted)|280,124|264,438|
|Designated Funds|12|463,179|527.221|
|Restricted Funds|"1|11,326|45,767|
|Endowment Funds|.|10|3,156|2,927|
|Total Funds|EE757,785|eee840,353|
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The financial statements on pages 3 - 14 were approved by the board of[trustees][on] and signed on its behalf by: S J Lindridge The Ld C Horton I. Trustees These unaudited financial statements have been subject to independent examination, See report on page 2.
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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ne eee 1 Accounting poltcics
Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (eflective 1 January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The address of the District's registered office and principal place of business is 246 Wingrove Road North, Fenham, Newcastle upon Tyne, NE4 9E).
Newcastle upon Tyne District of the Methodist Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
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stated in the relevant accounting policy.
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‘The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £
~~ Going concern
Financial Reporting Standard 102 requires, if appropriate, the District's financial statements are prepared on a going concem basis, which means that the District is able to operate for the foresceable future on the basis of known and reasonable projected resources. After reviewing financial and other information available, the Trustees consider that there are no material uncertainties in respect of the District's ability to continue as a going concer. Newcastle upon Tyne District of the Methodist Church has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concem basia of accounting is appropriate in preparing the annual financial statements. preparing the annual financial statements. the annual financial statements. annual financial statements. financial statements. statements.
2 in preparing the annual financial statements. preparing the annual financial statements. the annual financial statements. annual financial statements. financial statements. statements. Fund accounting The funds held constitute: Genesat Funds held for any purpose of the District which are Unrestricted, Designated Funds and Restricted Funds which are held for a narrower purpose and Endowment Funds which represent gifts, the capital normally being unavailable for spending, and the income from which is either Restricted or Unrestricted. Details ofeach material fund are disclosed in notes 10-14 to these accounts. Income Income is recognised in the period in which the District is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the District has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Voluntary income received by way of donations and gifts to the District is included in full in the statement of financial activities when received. Intangible income is not included unless it represents goods or services which would have otherwise been purchased. Gifts in kind are valued and brought in as income and the appropriate expenditure. There were no gifts in kind in the year ended 31st August 2021.
These unaudited financial statements have been subject to independent examination. See report on page 2.
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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NOTES TO THE FINANCIAL STATEMENTS. R DED 1 OO Accounting policies continued
Expenditure Expenditure is recognised whena liability is incurred or a constructive obligation arises that result in the payment being unavoidable. Resources expended are allocated to the particular activity where the cost relates directly to that activity. Debtors Trade and other debtors are recognised at the settlement amount after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Liabilities and provision
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|__|Liabilities|are recognised when there|is an obligation|at the Balance sheet date as a result of a|past event,|it|is|
|probable that a transfer of|economic benefit will be required|in settlement,|and the amount of|the settlement can|be|
|estimated reliably.|Liabilities|are recognised|at the amount that the District|anticipates|it will pay to settle the|debt|
|or the amount|it has received|as advanced payments|for the goods or services|it must provide.|Provisions|are|
|measured at the best estimate of|the amounts required to settle the obligation. Where the effect of|the time value|
|of|money|is|material,|the provision|is based on the present value of|those amounts, discounted|at the pre-tax|
|discount cate that reflects|the risks specific to the|liability. The unwinding of the discount|is recognised within|
|interest|payable|and similar charges.|
|Tangible fixed assets and depreciation|
|Fixed assets|are|initially measured at cost and subsequently|measured|at cost fess accumulated depreciation.|
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Depreciation is not charged on freehold buildings as under normal circumstances the residual values are considered to be greater than cost. However, the carrying values of freehold buildings are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable.
Assets having an initial cost of£1,000 or less are written offon acquisition.
Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the District after deducting ail of its liabilities. The District has electedInstrumentsto applyIssues" the of provisionsFRS 102, ofinSectionfull to 11all of"Basis its financialFinancialinstruments.Instruments” and Section. 12 "Other Financial
All of the charities financial assets and financial liabilities qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
These unaudited financial statements have been subject to independent examination. See report on page 2.
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH THE F A FOR THE YEAR ENDED 31ST AUGUST 2021,
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Accounting policies continued
3 Investments Investments are stated at market value less any provision for permanent diminution in value. Gains/(losses) on investments Realised and unrealised capital gains and losses on investments are deait with in the Statement of Financial Activities in the year in which they arise, based on the brought forward valuations or cost of subsequent additions. Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless these costs are required to be capitalised as an intangible or tangible fixed asset, Employees are only entitled to carry forward unused holiday entitlement in exceptional circumstances, atid only by agreement with management. The cost of any unused entitlement is recognised in the period in . which the employee's services are required. ~ Pension scheme The charity operates a defined contribution scheme for employees. The assets of the scheme are held separately from those of the charity. The amount charged to the Statement of Financial Activities is the contributions payable in the year. Differences between contributions payable in the year and actually paid are shown as either prepayments or accruals. Agency arrangements The district acts as an agent in the collection and payment of Methodist Church Fund. Related payments received from the Circuits are paid over to the Connexion and excluded from the statement of financial activities and are shown separately in note 20. Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions The District makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, setdom equal the related actual results.
Critical areas ofjudgenient In categorising leases as finance leases or operating leases, management makes judgements as to whether significant risks and rewards of ownership have transferred to the District as lessee, or the lessee, where the District is a lessor. Support from volunteers ; Groups of volunteers suport the work of the charity,the trustees are enormously grateful for all the hard work they do.Placing a monetary value on the contributions of the volunteers presents significant difficulties. With the lack of a market comparator price for volunteers, it is impractical for their contribution to be measured reliably for accounting purposes. Given the absence of a reliable measurement basis, the contribution of general volunteers has not been included as income in the charity's accounts
These unaudited financial statements have been subject to independent examination. See report on page 2.
NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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NOTES TO THE FINANCIAL STATEMENTS. FOR THE YEAR ENDED 31ST AUGUSF 2021 ne 4a, Income from Charitable Activities
7
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|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Endowment|Total|Total|
|Fund|Funds|Funds|Funds|2021|2020|
|£|£|£|£|£|£|
|Assessment|
|on|circuits|84,762|-|-|-|84,762|59,654|
|From|Circuit Model|
|Trust Funds|-|-|82,094|-|82,094|70,165|
|Connexional|Advance|
|& Property Fund|-|-|153,253|-|153,253|138,593|
|84,762|-|235,347|-|320,109|268,412|
|Ee ee ee OO|a|
|The income|from charitable|activities was £320109|(2020|£268412)|of|which|£84762 was|unrestricted|
|(2020 £59654) and £235347 was restricted (2020 £208758)|
|4b.|Other Income|Un-Restricted|Designated|Restricted|Endowment|Total|Total|
|.|Fund|Fonds|Funds|Funds|2021|2020|
|£|£|£|£|£|£|
|Grants Received.|-|33,000|33,000|60,000|
|Workplace Chapiain|-|-|-|-|-|7,500|
|Sundry Income|612|-|“|-|612|13,622|
|mm|612eS|EEC33,000|-|ESS-|OEE33,612|oo81,122|
|The other income funding was £33,612 (2020: £81,122) of|which £612 was unrestricted|(2020:|£1,422)|
|and £33,000 was designated (2020:|£69, 107)and£nil|was|restricted|(2020:|£10,593|}|
|4c.|Expenditure|Staff costs|Direct costs|Support Costs|Total 2021|Total 2020|
|£|£|£|£|£|
|Salaries and associated costs|185,998|-|-|185,998|200,241|
|Manse|costs).|-|7,184|-|7,184|7,289|
|Administration|-|-|17,461|17,461|16,329|
|Grants and donations|-|220,884|-|220,884|102,661|
|Other expenditure|-|-|8,812|8,812|10,312|
|185,998|228,068|26,273|440,339|336,632|
|a|oT oe|
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Expenditure for the year was £440,339 (2020: £336,632) of which £208,194 (2020: £103,723) was restricted, £124,536 (2020: £126,457 ) was unrestricted,£107,603 (2020: £106,445 was designated and £6 (2020: £6) was endowment.
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|Grants|and|donations|are|2021|2020|
|made up as|follows:|£220,884|£102,661|
|Breakdown of|grants|paid|are shown|at note|21|on page|14|
|Support costs are|2021|2020|
|made up as follows:|£26,273|£16,129|
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During the year expenses were reimbursed to trustees of the charity totalling £8355 (2020: £15919) These unaudited financtal statements have been subject to Independent examination. See report on page 2.
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH FOR THE YEAR ENDED 31ST AUGUST 2021,
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|---|---|---|---|---|---|---|---|---|
|5Trustees|
|None of|the trustees, or persons|connected with them,|received|any|remuneration or other|benefits|from|the|
|District or any|connected organisation|as a result of their office during the|year ended|31st August 2021|(2020)|
|£nil).|Trustees are allowed to reclaim certain expenses|incurred as a result of|them|fulfilling their|duties.|The|
|amount claimed during the year ended 31st August 2021|was:|
|2021|2020|
|Number of trustees who were paid expenses|8|8|
|Reimbursement ofexpenses|
|Total reimbusement of expenses|£8,355|£15,919|
|ee)|nn|=|||
|6|Staff|costs and the cost of key management personnel|
|The aggregate|payroll costs|during the year were:|
|2021|2020|
|£|£|
|.|
|Wages and|Salaries|150,174|148,923|
|Social|Security|Costs|10,853|9,973|
|Other Pension|Costs|18,236|16,943|
|179,263|175,837|
|===|co|
|No employee earned in excess of|£60,000 during the year (2020: nil)|
|Particulars|of|employecs:|
|The average number of|staff|employed by|the|District during|the financial|year amounted|to:|
|2021|2020|
|No|No|
|Total|ee11|SSll|
|Key management personnel|
|No salaries as employee benefits are paid to the key management personnel for the year (2020: nil)|
|Net outgoing|resources|
|Net|outgoing resources|are|stated|after charging:|
|2021|2020|
|£|£|
|Staff pension contributions|18,236|16,943|
|Independent examiners fee|2,760|2,760|
|7|Tangible fixed|assets|Freehold|
|Buitdings|
|:|
|CostIst September 2020 & 3ist August 2021|175,516|
|Depreciation|
|1st September 2020 & 31at August 2021|5,676|
|Net book value|
|31st August 2020|&|31st August 2021|169,840|
|All|tangible fixed|assets|are|held|for charitable|purposes.|
|These unaudited financial statements have been subject to independent examination.|See|report on|page|2.|
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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NOTES TO THE FINANCIAL STATEMENTS. FOR THE YEAR ENDED 31ST AUGUST 2021
8 Debtors
we
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|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Prepayments|and accrued|income|72,814|22,556|
|Es Oo|
|9|Creditors;|2021|2020|
|Accruals|and|deferred|income|£|£|
|Due within twelve months|321,304|185,195|
|Creditors due over twelve months|325,655|285,061|
|646,959|470,256|
|Ee! ee|
|10|Endowment funds|
|Balance|Incoming|Charitable|Transfers|Outgoing|Balance|
|1September|Resources|Activites|Resources|31 August|
|2021|2020|£|£|2021|
|£|£|£|£|
|Permanent|endowments:|
|The WH|Scott|
|Memorial|Trust|2,927|259|-|24|6|3,156|
|Balance|Incoming|Charitable|Transfers|Outgoing|Balance|
|lst September|Resources|Activities|Resources|31st Angust|
|2020|2,019|2,020|
|Permanent|endowments|£|£|£|£|£|£|
|The WH Scott|
|a|eee eee|
|Memorial Trust|2927|26|0|20|6|2927|
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The W H Scott Memorial Trust was established in 1924 for the benefit of Wesleyan Methodist Ministers Widows. This was subsequently amended due to the lack of beneficiaries and the income only is now paid to the District Benevolent Fund. The fund is represented by investments.
These unaudited financial statements have been subject to independent examination. See report on page 2,
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS. FOR THE YEAR ENDED 31ST AUGUST 2021 a
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|11|Restricted|funds|
|Balance|Investment|Balance|
|2021|1|September|Gains|31|August|
|2020|Income|Expenditure|(Losses)|Transfers|2021|
|District Advance Fund|24,297|—-237,312|206,032|-|(66,000)|(10,423)|
|.|Benevolent Fund|5,797|235|-|-|24|6,056|
|MSM Fund|15,673|20|-|-|-|15,693|
|Training Fund|-|346|2,162|-|1,816|-|
|45,767|237,913|208,194|-|(64,160)|11,326|
|SE ee ee EE ee|
|Balance|Investment|Balance|
|2020|1 September|Gains|31 August|
|2019|Income|Expenditure|(Losses)|Transfers|2020|
|~.,|District Advance Fund|430|224,429|93,562|-|(107,000)|24297|
|Benevolent Fund|5,941|-|164|-|20|5,797|
|MSM Fund|15,566|107|-|-|-|15,673|
|Training Fund|-|2,753|9,997|7,244|-|
|Regional Training Forum|900|(900)|-|
|22,837|227,289|103,723|-|(100,636)|45,767|
|12|Designated|funds|
|Balance|Investment|Balance|
|2021|1|September|Gains|31 August|
|2020|Income|Expenditure|(Losses)|Transfers|2021|
|University|Chaplaincy|29,778|30,000|48,396|-|13,382|
|Capital|Fund|350,426|916|426|-|(18,606)|332,310|
|International|Fund|20|-|-|-|-|20|
|OurCaliing|20,000|-|38,606|18,606|-|
|District Aid|Fund|100,062|136|-|-|-|100,198|
|Industria!|Chaplaincy|12,641|-|13,641|{,000|-|
|Mission Together Fund|12,803|3,000|6,534|-|10,000|19,269|
|Ignite|1,491|-|-|(1,491)|-|
|Total|Designated Funds|527,221|34,052|107,603|-|9.509|463,179|
|Balance|Investment|Balance|
|2020|1|September|;|Gains|3t|August|
|2019|Income|Expenditure|(Losses)|Transfers|2020|
|University Chaplaincy|29,432|30,000|44,654|-|15,000|29,778|
|Capital Fund|366,530|3,741|423|-|(19,422)|350,426|
|Our Calling|20,000|20,000|39,422|-|19,422|20,000|
|International|Fund|20|-|-|-|-|20|
|District Aid Fund|100,018|44|-|-|-|100,062|
|Mission Together Fund|1,106|10,000|8,303|”|10,000|12,803|
|Industrial|Chaplaincy|-|7,500|9,859|-|15,000|12,641|
|Ignite|3,668|1,607|3,784|“|-|1,491|
|Total Designated funds|520,774|72,892|106,445|-|40,000|527,221|
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These unaudited financial statements have been subject to independent examination, See report on page 2
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NESYCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 202]. 12 Designated funds (continued)
The income funds of the charity include designated funds, which has been set aside out of unrestricted funds by the Trustees for specific purposes:
The Capital Fund is a fund to which afl members and circuits have subscribed. The investment income only will be used for “peopte” based projects and any funding granted will be on a pump-priming basis. Several grants have been made. The fund is represented by bank balances and is fully subscribed to.
The Cuba Fund is a fund begun by donations to a sponsored walk and used to fund close links between the District and that country. It has been renamed “"International Fund." The District Aid Fund has been set up to make loans to aid completion of projects. The Mission Together Fund is receiving donations to fund the District Wide Mission. The University Chaplaincy fund provides a chaplaincy service to higher and further education institutions within the Newcastle District _ The Ignite programme promotes leadership training courses run in connection with the Pioneer Connexion Church (as a partner) The Our Calling Fund is a grant from Connexion to fund the work of Deacon T Hume in her work as District Community Enabler.It was resolved to fund any deficit from the District Capital Fund The Industrial Chaplaincy Fund supports the work of Industrial Chaplains particularly at Newcastle International Airport.
13 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trusts to be applied for specific purposes:
The Benevolent Fund represents funds designated for benevolent purposes as laid down by Standing Order 527(2). The income of the fund includes transfers from W H Scott Memorial Trust. The fund is represented by cash and bank balances. The District Advance Fund is a fund set up and administered under the standing orders of the Methodist Church. It receives income from Circuit Model Trust Funds within the District together with an allocation from Connexional Advance & Property Fund for property and people based projects to further the work of this charity in the Newcastle District. Surplus funds are held with the Trustees for Methodist Church Purposes.
The transfer to un-restricted funds is a grant made to finance the Stipend and expenses of the District Evangetism Enabler and the District Resourcing Mission Adviser. The MSM Fund was set up to enable the District Evangelism Enabler to organise “Mission Shaped Ministry” courses in an area extending beyond the boundaries of the Newcastle District and covering the North ofEngland It is also open to other denominations. It is now under the stewardship of the Newcastle District. Training Fund receives donations from Circuits and makes donations to lay and ordained members of churches undertaking training. The Regional Training Forum Fund is a grant made from the North East Training Forum and has been transferred to the training fund These unaudited financial statements have been subject to independent examination. See report on page 2.
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH NOTES TO THE FINANCIAL STATEMENTS, FOR THE YEAR ENDED 31 021
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14 Charitable commitments
At 31st August 2021 there were no commitments which are to be funded out of the District Capital Fund: (2020-£nil)
IS Ultimate controlling party
:
The ultimate controfling party of the District is considered to be the Annual Conference of the Methodist Church.
16 Related parties
The related parties of the District are twelve Circuits, their Chapels and Manses, which are all based in the North-East of England, They are contactable via the principal address of the Charity. Funds are transferred on a quarterly basis, .
No related party transactions took place during the current or previous year,
17 Capital commitments .
| 17 | Capital commitments | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| . | 2021 | 2020 | ||||||||
| At 3lstAugust2021 the District | ||||||||||
| hadthe following Capital Commitments: | ||||||||||
| AmountAuthorised but notcontracted | for | . | - | |||||||
| 18 | Analysis ofnet assetsbetween funds | |||||||||
| UnRestricted | Designated | Restricted | Endowment | Total | ||||||
| 2021 | Fund | Funds | Funds | Funds | 2021 | |||||
| £ | £ | £ | £ | £ | ||||||
| Tangible fixed assets | 169,840 | - | . | - | 169,840 | |||||
| Current assets | 136,665 | 463,670 | 631,413 | 3,156 | 1,234,904 | |||||
| Currentliabilities | (25,056) | - | (621,903) | - | (646,959) | |||||
| 281,449 —— EE |
463,670 9,510 3,156 Eeeeee |
757,785 | ||||||||
| . 2020 |
: | Un-Restricted Fund |
Designated Funds |
Restricted Funds |
Endowment Funds |
Total 2020 |
||||
| Tangible fixedassets Currentassets |
£ 169,840 103,561 |
£ 0 527,221 |
£ 0 507,260 |
£ 0 2,927 |
£ 169,840 1,140,969 |
|||||
| Current liabilities | (8,963) | - | (461,293) | 0 | (470,256) | |||||
| 264,438 | §27221 | 45967 | 2927 | —840,553 |
These unaudited financial statements have been subject to independent examination. See report on page 2.
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NOTES TO THE FINANCIAL STATEMENTS
eee
19 Taxation The District is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the District.
20 Amounts disbursed as agent
“
| 20 | Amounts disbursed as agent | ||
|---|---|---|---|
| MethodistChurchFundassessmentsreceived | 2021 £ 548,268 |
2020 £ 520,346 |
|
| 21 | MethodistChurchFundassessmentspaid Grantsanddonations |
548,268 a |
520,346 ee |
| Institutions | 2021 £ |
2020 £ |
|
| .., | NewcastleWestCircuit | 5,000 | 5,000 |
| NewcastleCentralandEastCircuit | 30,080 | 0 | |
| SouthWestTyneside EastDurhamCircuit TynedaleCircuit |
67,000 0 24,187 |
0 43,000 1,500 |
|
| Lindisfame | 10,582 | 0 | |
| DistrictEvangelism Enabler | 26,500 | 0 | |
| Bede Circuit | -33,268 | 0 | |
| DistrictPropertySecretary DistrictDigitalMinistry |
30,000 45,000 |
0 | |
| NorthShields&WhitleyBayCircuit {ndustrialChaplaincy |
0 13,641 218,722 |
50,000 0 99,500 |
|
| Individuals forTraining all under£1000 ; |
2,162 220,884 |
3,161 102,661 |
These unaudited financial statements have been subject to independent examination. See report on page 2.
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