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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH TRUSTEES AND ANNUAL REPORT ACCOUNTS CHARITY NO, 1127637
FOR THE YEAR ENDED 31ST AUGUST 2022
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" NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
CHARITY NO. 1127637
FOR THE YEAR ENDED 31ST AUGUST 2022
| TRUSTEES | ||
|---|---|---|
| RevEWalker | Rev J Carter (appointed Ist September2021) | |
| RevdDrS J Lindridge (Chair) DeaconGMorgan MrsCArmstrong MrA Irvin (appointed 8thMarch 2022) |
MrDBrown MrALowe MrCHorton(District Treasurer) MrA Wilkinson |
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| MrDA Stabler | Rev JPorterpryde | |
| RevE Lindridge | MrsMGraham | |
| Deacon THume | Mrs S Gibbon | |
| Rev S Earl | Miss A Ilderton | |
| Mrs S Waters | ||
| All trustees are deemed to be keymanagementpersonnel ofthe charit | ||
| PRINCIPALADDRESS | 246WingroveRoadNorth Fenham |
|
| NewcastleuponTyne NE49EJ |
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| INDEPENDENTEXAMINER RSMUKTax and AccountingLimited |
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| 1 St James’ Gate | ||
| Newcastle upon Tyne | ||
| BANKERS | LloydsBankPlc | CentralFinanceBoardoftheMethodistChurch |
| North Sheilds Branch | 9 Bonhill Street | |
| 69, Bedford Street | London | |
| North Sheilds | EC2A4PE | |
| NE290AU | ||
| INVESTMENTMANAGERS _ Trustees forMethodistChurch Purposes | ||
| ANDCUSTODIANTRUSTEES Central Buildings Oldham Street |
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| Manchester | ||
| M1 1JQ | ||
| SOLICITORS | Sintons LLP | |
| The Cube | ||
| Barrack Road | ||
| Newcastle upon Tyne | ||
| NE46DB |
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' ‘NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
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1 Objectives and activities
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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 2021 to 31st August 2022. Newcastle upon Tyne District of the Methodist Church is a registered charity number 1127637.
Aims and Objectives
The aim of the Newcastle upon Tyne District of the Methodist Church is to respond to the gospel of Gad’s love in Christ and to work in partnership with others to fulfil our calling.
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Thus the District will seek to support, encourage, challenge and equip Circuits, Local Churches and
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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.
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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 Thediscipleship purpose ofin worshipthe Newcastleand mission," upon Tyne Methodist District is "to resource focal 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
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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) Plans that local churches and circuits produce. The establishment of a “District Evangelism Team" with a particular focus on urban priority areas, tural areas, fresh expressions and the Together project.
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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 congregational 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.
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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 fulfilling Our Calling" The District Policy 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 goals. In all that we do remember that God 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 ; TheThecontact Districtprincipleis by does Churchespurpose not seekofand the and,CircuitsDistrict in large andis measure, doestoit actis theseas a supportingthat notthe attain directDistrictbody supportsbetween contactinCircuits withtheir the public.desireand theto Connexion.provideThe direct 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 all 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.
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|‘|‘NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH|
|REPORT|OF|THE|TRUSTEES|FOR|THE|YEAR|ENDED|31ST|AUGUST|2022|
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|Cont......|
|The|grants were|of several|kinds,|including:|
||Grants|for|the|adaption of buildings|so|that|they|could more|easily|meet|the|modern 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|Churche:|
|*|Grants|for young people to|attend|conferences|such|as|3Generate|
|¢|Grants|fo|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|
|Reflective|Supervision|of all|ministers|in|active work|is|continuing|
|Training|for the new leadership|module|for safeguarding|has begun|across|the|Distric|
|The|continuing|effects|of the pandemic|are|taking|a|significant|toll|upon|the|everyday|mission|and|ministr|
|of the|local|churches.|Each|circuit|has been|affected|and|around|18%|of the|Churches|in|the|Distric|
|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 of|the|Methodist|Church.|Increasing use of|District|Officers|time|has|been used|in|suppor|
|of|those|affected.|
|2.1|Plans|for future|years|
|i|Ensure|that any|local|issues|emanating|from|the|Past|Cases Review|are|dealt with|sympathetically|
|fully|and|timeously|
|ii|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 Citcuits|and Churches within the|District|
|3|Financial review|
|During|the year|the|District|received|total|income|of|£430K|(2020/21|-|£358K)|and|dispersed £467K|(2020/21|- £440K).|
|The resulting|deficit was £36k (2020/21- £83k)|
|and total reserves carried forward of£721k (2020/21- £758K).|
|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|
|The|District|has|the|following|principal|sources|of funds:|
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¢ Interest on investments e Levies on the Circuit Model Trust Funds of Circuits within the District ; * Contributions from Connexional Advance & Property Fund e 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 bs bringing more people to Christ or by providing facilities that might enable this to happen
3.1 Investment Policy and Performance
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To comply with Methodist Standing Orders, monies for long term investment are 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 proceeds of sale ofany property formerly owned
by the District. These sums are invested in unitised investments or held on deposit. The investmen
tetums 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 that 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.
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, * NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
a 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 retur. 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
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 £85k.
The District has a reserves policy covering all its unrestricted funds which is reviewed annually.
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 of staff redundancies, rent and other costs on leased equipment At 31st August 2022 this sum amounted to £80k against actual reserves of £96k as stated above
The reserves held at the end of the year were as follows:
| Unrestricted Funds | £ |
|---|---|
| GeneralFund | £255,091 |
| Capital Fund | £312,485 |
| District AidFund | £100,585 |
| MissionTogetherFund | £19,322 |
| International Fund | £20 |
| DistrictAdvanceFund | £2,692 |
| BenevolenceFund MSMFund NPNPFund Endowment |
£2,628 £12,939 £12,710 £30,969 £3,014 |
| £721,486 | |
| Total UndesignatedFundsUnrestrictedFunds | T25),001 |
| Less: Invested in the Manse | £169,840 |
| Uncommitted reserves, readily available | £85,251 —r |
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 £86,360 (2020/2021 - £84,762).
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). In 2021/22 this sum was £62,439 and was credited to the District Advance Fund. The District also obtained an allocation from the Connexional Advance and Property Fund of £223,502. This fund is obtained from a levy on all property sales of Methodist property.
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The District holds no funds as custodian Trustee. It does, however, quarterly receive from Circuits
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, ‘ NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
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within the District the Circuits' 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 receives
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 eared in respect of this agency arrangement and the District incur
no cost through this arrangement.
4 Trustees’ responsibilities
The trustees are responsible for preparing the trustees report and the financial statements ii
accordance with applicable law and the United Kingdom Accounting standards
For each financial year ending on 31st 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 musi
¢ select suitable accounting policies and apply them consistently using the accruals metho
¢ make judgements and estimates that are reasonable and pruden
¢¢ preparefollow applicable accounts toaccounting comply withstandards the Charities SORP
¢ UK Accounting Standards have been followed, subject to any material departures disclosed anc
prepareexplainedthe infinancial the financialstatements statements on the going concern basis unless it is inappropriate to presum
that the District will continue in business
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‘ 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 ant 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
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41 Risk
The District is largely risk averse but, especially in making grants to entities embarking on new an
imaginative initiatives, the District is prepared to underwrite considered risks
Districts do not need their own risk register because of what is covered in the Connexional Risk Reviey
will be the same for the District, the District notes that the latest review was undertaken by The 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
4.2 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 on the Connexiona
website for Ministers and Lay Persons. All Lay Persons, whether paid or voluntary are recruited via the "safe
recruitment process"; all ministers and Lay Persons are provided with training ;
The District including all circuits,churches and projects cooperated with requests from the Connexion, including
providing information for the Independent Inquiry into Child Sexual Abuse enquiry. The report will be published
in October 2022,
§ 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 ar
approved by District Synod.
5.1 Structure
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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 ratified by th half yearly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circuits an makes its decisions at half yearly synods. The Methodist Conference meets once each 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 responsible 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 of the District and the appropriate officers of thi District for implementation
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‘NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022 ee 5.1 Structure continued
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The District passes regulatory control down to Circuit level! for local implementation by the Superintenden Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meetin, for certain matters.
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The Circuit Meeting passes regulatory contro] down to Church Councils for local implementatio1 by the presbyter, the Church Stewards, and other officers, and this regulatory authority is thet exercised by Church Councils as Managing Trustees of their Charity
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5,2
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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 of the Church.
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The purposes of the Methodist Church are and shall be deemed to have been since the date of the unio the advancement of: b.a. theanyChurch,Christiancharitable and faithpurposesin accordancefor the time withbeing the doctrinal of any Connexional,standards andDistrictthe disciplineCircuit, ofLocal the Methodistor 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 ancillar to the Methodist Church, and
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d. any purpose for the time being of any charity being a charity subsidiary o: ancillary of the Methodist Church.
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The primary purpose of this District is to advance the mission of the Church in Northumberlanc Tyne & Wear and the Northern part of Durham.
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e by providing opportunities for Circuits to work together and support each othe: ¢ — by offering to Circuits resources of finance, personnel and expertise
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 seeks to ensure that it follow
Methodist Standing Orders. It relies on the Connexional Office at 25 Marylebone Road, London, NW1 SJR
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
aWhencontinuousa positionterm becomesnot normally vacantexceeding on the District six years. PolicyThe Committee,Chair of District nominationsisex officio are invitedchair from of the minister DPC.
and Jay members of Circuits within the District. The Chair of the District then shares with nominee;
what the roles involve. If they wish to be considered for a role, 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, all members of the Methodis
Church and through experience are aware of the workings of the charity
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The District Policy Committee normally meets four times per year and deals with routine and exceptions matters. It oversees the work of the Evangelism, Worship and Discipleship teams and Financ: and Property Executive, Stationing Advisory group, probationers committee and Candidates committee 5.4 Responsibilities of the District Policy Committee 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-Circuit and ecumenical co-operatiot iii to act in an executive capacity in matters remitted to the Committee by the Syno iv to keep within its purview all District concerns not dealt with elsewhere v__ 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 responsibilitie: with any such development in mind
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vi to be aware that the stipend of the Chair of the 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 of the public benefit guidance issued by the Charity Commission
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, ; NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
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6.1 Trustees The following served as Trustees throughout part or all of the year 2021/22 or were trustees at the time of this report being approved:
Mr A Irvin (appointed 8th March 2022) Rev E Walker RevdMr A Dr LoweS J Lindridge (Chair) RevMrs SJ Porterpryde Waters Rev J Carter (appointed 1st September 2021) Mr C Horton (District Treasurer) Mrs C Armstrong Rev § Earl Mr D A Stabler Mr A Wilkinson Rev E Lindridge Mr D Brown Deacon T Hume Miss A Ilderton Deacon G Morgan Mrs S Gibbon Mrs M Graham
- 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 behalfof the DPC, as authorised:
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Stephen Lindridge (signed)
District Chair Date: | $ ‘' JQar 4
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Christopher Horton (signed)
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District Treasurer Date: 15 JSimelar.
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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 2022
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I report to the trustees on my examination of the accounts ofNewcastle Upon Tyne District of the Methodist Church for the year ended 31st August 2022 which are set out on pages 3 to 14
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)
I 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 evidence 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 ,] 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 thatI am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales. I 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 of an independent examination.
Name: Lucy Robson
Relevant professional qualification or body: FCA ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED
Chartered Accountants 1 St James’ Gate Newcastle upon Tyne
NEI 4AD
Date
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH.
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022
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|NN|
|Totals|
|Notes|Unrestricted|Designated|Restricted|Endowment|Totals|Previous|
|Fund|Funds|Funds|Funds|This|Year|Year|
|£|£|£|£|£|£|
|Income and Endowments|
|Charitible|activities|da|86,360|-|285,941|-|372,301|320,109|
|Investments-interest|289|1,934|3,753|78|6,054|3,240|
|Donations|and legacies-donations|-|1,000|442|-|1,442|581|
|Other Charitable|Income|4b|3,138|23,000|24,529|-|50,667|33,612|
|Total Incoming Resources|89,787|25,934|314,665|78|430,464|357,542|
|Charitable|Activites|
|Salaries & Associated Costs|4c&6|101,627|53,957|-|-|155,584|=:185,998|
|Manse|Costs|de|17,236|-.|-|-|17,236|7,184|
|Administration|de|19,190|-|-|-|19,190|17,461|
|Grants & Donations|de|985|800|249,448|-|251,233|220,884|
|Other Expenditure|4c|21,066|$62|1,744|6|23,378|8,812|
|Total|Charitable|Activities|I160,104EE55,319|251,192|6|466,621|440,339|
|Net Expenditure|(70,317) (29,385) 63,473,|72 (36,157) _(82,797).|
|Transfers Between Funds|45,284_,382)|43,830) (72)|
|Sub Total|(25,033)|(30,767)|19,643|-|(36,157)|(82,797)|
|Other gains/(losses)|.|-|-|(142)|(142)|229|
|Net Movement|in Funds|(25,033)|(30,767)|19,643|(142)|=|(36,299)|(82,568)|
|Reconciliation|of|Funds|
|Total|funds|brought|forward|
|from Last Year|280,124|463,179|11,326|3,156|757,785|840,353|
|Total|Funds|Carried|Forward|
|at End|of Year|255,091|432,412|30,969|3,014|721,486|757,785|
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The statement of financial activities includes 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 _3]ST AUGUST 2022
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||Notes|||Totals
ThisYear|Totals
Previous||
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£
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|FixedAssets|7|||169,840|169,840|||
|CurrentAssets|||||||
|Debtors&Prepayments
CashatBank
TotalCurrent Assets|8|||17,166
1,271,602
1,288,768|72,814
1,162,090
1,234,904|||
|Creditors|9||.|324,136|321,304||
|NetCurrent Assets||||964,632|913,600||
|TotalAssets less|||||||
|NetCurrent Liabllities||||1,134,472|1,083,440||
|Creditors: amounts due|||||||
|afteroneyear||||412,986|325,655||
|NetAssets||||721,486
———Oe|757,785
Oe||
|Funds ofthe District||.|||||
|GeneralFund(Unrestricted)||||255,091|280,124||
|DesignatedFunds
RestrictedFunds|12
11|||432,412
30,969|463,179
11,326||
|EndowmentFunds|10|||3,014|3,156||
|TotalFunds||||721,486
Soa|757,785
—oee||
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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: § J Lindridge Sy LS C Horton O—. 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 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2622 a 1 Accounting policies | 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) (effective 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 9EJ. 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 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 £
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Going concern
Financial Reporting Standard 102 requires, if appropriate, the Disirict's financial statements are prepared on a going concern basis, which means that the District is able to operate for the foreseeable 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 concern. 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 concern basis of accounting is appropriate in preparing the annual financial statements, 2 ~=Fund accounting The funds held constitute: General 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 of each 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 bemeasured 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 2022,
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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FOR THE YEAR ENDED 31ST AUGUST 2022
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.
Liabilities and provision 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 ofeconomic 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 rate 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 less accumulated depreciation.
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 off on 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 all of its liabilities. The District has elected to apply the provisions of Section |1 “Basis Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102, in full to all of its financial instruments.
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 fo 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 2022
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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 dealt 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, and 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 ofthe 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. The District completed the tri-annual statutory declaration on 9th May 2022 and will undertake the next re-enrolment by Ist April 2025. 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 19.
Critical accounting estimates and arcas 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, seldom equal the related actual results.
Critical areas ofjudgement
significantIn categorising risksleases and rewardsas finance of ownershipleases or operating have transferredleases, management to the District makes as lessee, judgements or the lessee,as to wherewhether 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 (o independent examination. See report on page 2.
8
NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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NOTES TQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022,
NO
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|da,|Income from Charitable|Activities|
|Unrestricted|Designated|Restricted|Endowment|Total|Total|
|Fund|Funds|Funds|Funds|2022|2021|
|£|£|£|£|£|£|
|Assessment|
|on circuits|86,360|-|-|-|86,360|84,762|
|From|Circuit Model|
|Trust Funds|-|-|62,439|-|62,439|82,094|
|Connexional|Advance|:|
|& Property Fund|-|-|223,502|-|223,502|153,253|
|86,360|-|285,941|-|372,301|320,109|
|rn|I|ee|
|The income|from|charitable|activities|was|£372,301(2021|£320109)|of which|£86,360 was|unrestricted|
|(2021|£84,762)|and|£285,941|was|restricted|(2021|£208758)|
|4b.|Other Inceme|Un-Restricted|Designated|Restricted|Endowment|Total|Total|
|Fund|Funds|Funds|Funds|2022|2021|
|£|£|£|£|£|£|
|Grants|Received|-|23,000|24,529|47,529|33,000|
|Sundry|Income|3,138|-|-|-|3,138|612|
|3,138|23,000|24,529|~|50,667|33,612|
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The other income funding was £50,667 (2021: £33,612) of which £3,138 was unrestricted (2021: £612) and £23,000 was designated (2021: £33,000) and£24,529 was restricted (2021: £nil )
4c. Expenditure
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Staff costs|Direct|costs|Support|Costs|Total 2022|Total|2021|
|£|£|£|£|£|
|Salaries|and|associated|costs|155,584|-|-|155,584|185,998|
|Manse costs|-|17,236|-|17,236|7,184|
|Administration|-|,|-|19,190|19,190|17,461|
|Grants|and|donations|-|251,233|-|251,233|220,884|
|Other expenditure|-|-|23,378|23,378|8,812|
|155,584|268,469|42,568|466,621|440,339|
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Expenditure for the year was £466,621 (2021: £440,339) of which £251,192 (2021: £208,194) was restricted, £160,104 (2021: £124,536) was unrestricted,£55,319 (2021: £107,603 )was designated and £6 (2021: £6) was endowment.
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|---|---|---|---|---|---|---|---|---|---|
|Grants|and|donations|are|2022|2021|
|made up as|follows:|£251,233|£220,884|
|Breakdown|of grants|paid|are|shown|at note|20|on|page|14|
|Support|costs|are|2022|2021|
|made up|as|follows:|£42,568|£26,273|
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During the year expenses were reimbursed to trustees of the charity totalling £8,900 (2021: £8,355) 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 2022 ee
§ Trustees
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 2022 (2021 £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 2022 was:
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2022|2021|
|Number of trustees who were paid expenses|7|8|
|Reimbursement of expenses|
|Total reimbusement of expenses|£8,900|£8,355|
|ee|—_—|
|6|Staff costs|and|the|cost|of key management|personnel|
|The|aggregate|payroll|costs|during the year were:|
|2022|2021|
|£|£|
|Wages|and|Salaries|116,101|150,174|
|Social|Security|Costs|7,231|10,853|
|Other Pension|Costs|15,778|18,236|
|139,110|179,263|
|No employee|earned|in excess of|£60,000|during|the year|(2021:|nil)|
|Particulars ofemployees:|
|The average number of|staff|employed by the District|during|the financial|year amounted|to:|
|2022|2021|
|No|No|
|Total|10|I|
|Sa|——==—$$S|
|Key management personnel|
|No|salaries|as employee|benefits|are paid|to|the|key management|personnel|for|the year|(2021:|nil)|
|"|NetNet outgoingoutgoing|resourcesresourcesare|stated|after|charging:|
|2022|2021|
|£|£|
|StaffIndependentexaminers pension contributions fee|15,7783,372|18,2363,036|
|7|Tangible fixed|assets|Freehold|
|Buildings|
|Cost|
|ist September|2021|& 31st August|2022|175,516|
|Depreciation|
|1st September|2021|&|31st August 2022|5,676|
|Net|book value|
|31st August 2021|& 3ist August 2022|169,840|
|All tangible fixed assets are held for charitable purposes.|
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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 2022
8 Debtors
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|---|---|---|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Prepayments|and accrued income|217,166|72,814|
|9|Creditors:|2022|2021|
|£|£|
|Accruals|and|deferred|income|
|Due within twelve months|324,136|321,304|
|Creditors|due|over twelve months|412,986|325,655|
|737,122|646,959|
|—— a|
|10|Endowment|funds|
|Balance|Incoming|Charitable|Transfers|Outgoing|Balance|
|September|Resources|Actfivites|Resources|31|August|
|2022|2021|£|£|2022|
|£|£|£|£|
|Permanent endowments:|
|The W|H|Scott|
|a|a|ee oo EEE|
|Memorial Trust|3,156|78|-|72|148|3,014|
|Balance|Incoming|Charitable|Transfers|Outgoing|Balance|
|1st September|Resources|Activities|Resources|31st August|
|2021|2020|2021|
|£|£|£|£|£|£|
|Permanent endowments|
|The WH Scott|
|Memorial Trust|2927|259|-|24|6|3156|
|The W H Scott Memorial Trust was established|in 1924 for the|benefit ofWesleyan 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.|
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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 2022,
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|---|---|---|---|---|---|---|---|
|11|Restricted|funds|
|Balance|Investment|Balance|
|2022|1|September|Gains|31|August|
|2021|Income|Expenditure|(Losses)|Transfers|2022|
|District Advance Fund|(10,423)|301,451|233,718|-|(54,618)|2,692|
|Benevolent Fund|6,056|-|3,500|-|72|2,628|
|MSM Fund|15,693|62|2,816|-|-|12,939|
|TrainingNPNP Fund Fund|”|12,710442|11,158|-|10,716-|12,710-|
|11,326|314,665|251,192|-|(43,830)|30,969|
|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)|(10423)|
|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|
|12|Designated|funds|
|Balance|Investment|Balance|
|2022|1|September|Gains|31|August|
|2021|Income|Expenditure|(Losses)|Transfers|2022|
|University|Chaplaincy|11,382|-|:|(11,382)|-|
|Capital Fund|332,310|1,547|1,362|-|(20,010)|312,485|
|International|Fund|20|-|-|-|-|20|
|Our Calling|-|21,000|41,010|20,010|-|
|District Aid Fund|100,198|387|-|-|-|100,585|
|Mission|Together Fund|19,269|3,000|12,947|-|10,000|19,322|
|Total|Designated Funds|463,179|25,934|55,319|-|(1,382)|432,412|
|——|SS|OE TE OES Ol Oe|
|Balance|Investment|Balance|
|2021|1 September|Gains|31 August|
|University Chaplaincy|202029,778|Income30,000|Expenditure48,396|(Losses)-|Transfers-|202111,382|
|Capital|Fund|350,426|916|426|-|(18,606)|332,310|
|Our Calling|20,000|-|38,606|-|18,606|-|
|International|Fund|20|-|.|-|-|20|
|District Aid Fund|100,062|136|-|-|-|100,198|
|Mission Together Fund|12,803|3,000|6,534|”|10,000|19,269|
|Industrial|Chaplaincy|12,641|-|13,641|“|1,000|-|
|Ignite|1,491|-|-|-|(1,491)|-|
|Total Designated|funds|527,221|34,052|107,603|-|9,509|463,179|
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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. FORESTHE YEAR ENDED 31ST AUGUST 2022,
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12 Designated funds (continued) The income funds of the charity include designated funds, which has been set aside out ofunrestricted funds by the Trustees for specific purposes:
The Capital Fund is a fund to which all members and circuits have subscribed. The investment income only will be used for “people” 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. Ithas been renamed “International Fund." The District Aid Fund has been set up to make loans to aid completion of projects,
TheThe University Mission Together Chaplaincy Fund fundis receiving providesdonations a chaplaincyto fundservicethe toDistrict higher Wide and furtherMission. education institutions within the Newcastle District and has now ceased. The balance has been transferred back to the District Advance Fund. 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 ofthe 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 §27(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.ConnexionalIt receivesAdvance income & Property from Circuit Fund Modelfor property Trust and Funds people withinbased theprojects District togetherto further withthe work an allocation of this charity from in the Newcastle District, Surplus funds are held with the Trustees for Methodist Church Purposes. The transfer to unrestricted funds is a grant made to finance the Stipend and expenses of the District Evangelism Enabler and the District Resourcing Mission Adviser. TheItcoursesis MSMalso in open an Fund areato wasother extendingsetdenominations. up to beyond enable thetheIt boundariesisDistrict now under Evangelism of thethe stewardship Newcastle Enabler Districttoof organise the Newcastle and covering“MissionDistrict. theShaped NorthMinistry” ofEngland. Training Fund receives donations from Circuits and makes donations to lay and ordained members of churches undertaking training. The Connexional Strategy New People New Places known as NPNP are projects focused on forming new Christian communities for those not yet part of an existing church , NPNP's are the most effective means of connecting new people, new people groups and new residents to Christian exploration and community. These unaudited financial statements have been subject to independent examination, See report on page 2.
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NOTES TQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022
14 Charitable commitments
At 31st August 2022 there were no commitments which are to be funded out of the District Capital Fund (2021 -£nil).
15 Ultimate controlling party
The ultimate controlling 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 Analysis of net assets between funds
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|---|---|---|---|---|---|---|---|
|Un-Restricted|Designated|Restricted|Endowment|Total|
|2022|Fund|Funds|Funds|Funds|2022|
|£|£|£|£|£|
|Tangible|fixed|assets|169,840|-|-|-|169,840|
|Current|assets|90,144|462,794|732,816|3,014|1,288,768|
|Current|liabilities|(3,893)|(20,000)|(713,229)|-|(737,122)|
|oO256,091——|OEE442,794OO19,587|OE3,014|ee721,486|
|Un-Restricted|Designated|Restricted|Endowment|Total|
|2021|Fund|Funds|Funds|Funds|2021|
|£|£|£|£|£|
|Tangible|fixed|assets|169,840|-|-|-|169,840|
|Current|assets|137,156|463,179|631,413|3,156|1,234,904|
|Current|liabilities|(26872|-|(620,087)|-|(646,959)|
|280,124|463,179|11,326|3,156|757,785|
|————|oO|
|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 2022
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18 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 fo its charitable objects. No tax charges have arisen in the District.
| 19 | Amounts disbursed as agent | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| MethodistChurchFundassessments received | 546,368 | 548,268 | |||
| MethodistChurchFundassessmentspaid | ™_ | 546,368 | 548,268 ~~ |
||
| 21 | Grants and donations | ||||
| 2022 | 2021 | ||||
| Institutions | £ | £ | |||
| Newcastle West Circuit | - | 5,000 | |||
| Newcastle Central and East Circuit | - | 30,080 | |||
| SouthWest Tyneside | 45,000 | 67,000 | |||
| EastDurham Circuit | -58,000 | - | |||
| Tynedale Circuit | 15,000 | 24,187 | |||
| Lindisfarne DistrictEvangelismEnabler BedeCircuit DistrictPropertySecretary DistrictDigitalMinistry |
22,418 115,000 27,000 - -45,000 |
10,582 26,500 -33,268 30,000 45,000 |
|||
| North Shields & WhitleyBay Circuit ChesterLeStreet NorthWestDurham ChurchattheMargins |
18,695 27,000 19,000 50,000 |
- - - - |
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| Mission in Britain | 11,861 | - | |||
| IndustrialChaplaincy | : | 13,641 | |||
| 247,974 | 218,722 | ||||
| Individuals forTraining ali under£1000 | . | 3,259 251,233 aoa |
2,162 220,884 —— ial |
These unaudited financial statements have been subject to independent examination, See report on page 2.
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