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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH TRUSTEES ANNUAL REPORT AND ACCOUNTS
CHARITY NO. 1127637 FOR THE YEAR ENDED : 31ST AUGUST 2023
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CHARITY COMMISSION,
FIRST CONTACT ~
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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## REFERENCE AND ADMINISTRATIVE INFORMATION
## CHARITY NO. 1127637
## FOR THE YEAR ENDED 31ST AUGUST 2023
## TRUSTEES
Rev E Walker Rev J Carter Revd DrS J Lindridge (Chair) Mr D Brown Deacon G Morgan Mr A Lowe (Retired 31st August 2023) : Mrs C Armstrong Mr C Horton ( District Treasurer) Mr A Irvin Mr A Wilkinson (Retired 31st August 2023) Mr DA Stabler Rev J Porterpryde Rev E Lindridge Mrs M Graham ; Deacon T Hume Mrs S Gibbon Rev S Earl Miss A IIderton Mrs S Waters Mrs K Bevan (Appointed 25th September 2023) Rev J Gill (Appointed Ist September 2023) Mr M Shaw (Appointed 22nd April 2023) All trustees are deemed to be key key management personnel of the the charity '
All trustees are deemed to be key key management personnel of the the charity
PRINCIPAL ADDRESS 246 Wingrove Road North Fenham NE4Newcastle9EJ upon Tyne , INDEPENDENT EXAMINER — RSM UK Tax and Accounting Limited : 1 St James’ Gate Newcastle upon Tyne NE] 4AD BANKERS Lloyds Bank Plc Central Finance Board of the Methodist Church , North Shields Branch 9 Bonhill Street ; 69, Bedford Street London . : North Shields EC2A 4PE NE29 0AU INVESTMENT MANAGERS _ Trustees for Methodist Church Purposes AND CUSTODIAN TRUSTEES Central Buildings Oldham Street Manchester MI 1JQ SOLICITORS Sintons LLP The Cube Barrack Road Newcastle upon Tyne NE4 6DB
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° NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
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l Objectives 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 2022 to 31st August 2023. 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 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:-
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] : . €) _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 2022 "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 It will Smallseek toGroupachieveDiscipleshipthis 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, rural areas, fresh expressions and the Together project. The appointmentofa "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 theA commitmentdevelopmentfrom of smallthe Districtgroups andwhichCircuitspromoteto ensuringfaith developmentthat ministers’and churchgifts andgrowth.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 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 2023 the DPC reviewed DMP alongside the needs and resources ofthe Circuits and Churches and as a result re-shaped and created three District roles.i)The District Evangelism Enabler became the new team leader for the Mother House,the Districts New Places for New People project.ii) A new Evangelism and Justice Enabler post and ili) a Property Support Officer (to be appointed) 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 ; 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 have 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 dispersal, 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 imaginationand creativity as well as a perceived need for that which the grant is being sought.
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> . NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
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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 current and future 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. Reflective Supervision for all ministers in active work is continuing Training for the new leadership module for safeguarding has begun across the District The continuing effects of the pandemic are taking a significant toll upon the everyday mission and ministry ofthe local churches. Each circuit has been affected and a numberof the Churches in the District have sought permission to close in the last year. It is likely that others wil! follow . Each Circuit has reduced staffing accordingly, with permission ofthe District Policy Committee as per the Standing Orders of the Methodist Church. Increasing use of District Officers time has been used in support 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 Circuits and Churches within the District
3 Financial review During the year the District received total income of £606K (2021/22 - £430K) and dispersed £319K (2021/22 - £467K). The resulting surplus/( deficit) was £287K (202 1/22-£36K) and total reserves carried forward of £1008K (202 1/22- £721K)
The trustees of the District have every reason to believe that the District is a going concern, 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 will 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:
e Interest on investments e Levies on the Circuit Model Trust Funds of Circuits within the District ¢ Contributions from Connexional Advance & Property Fund ¢ Assessments on Circuits within the District . These sums are used to administer the District and to provide grants to Circuits, Churches and individuals , in the District so that they may embark on or continue with projects that fulfil the mission of[the][District][by] bringing more people 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 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 of any property formerly owned by the District. These sums are invested in unitised investments or held on deposit. The investment returns 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 ethical considerations, both negatively and positively, that make investments suitable for the Methodist Church.
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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
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## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
There are no bench marks for the expected returns 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 return 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 £77k
The District has a reserves policy covering all its unrestricted funds which is reviewed annually.
Thepayroll minimumcosts andpolicyclosinglevelcosof **t** sheof re st **a** dilyff redundancies, available partrentof andthe Generalother costsFundon isleased such asequipment. to pay for six months At 3lst August 2023 this sum amounted to £66k against actual reserves of £77k as stated above.
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The reserves held at the end of[the][year][were][as][follows:]
|Unrestricted Funds||£|
|---|---|---|
|General Fund||£247,498|
|Designated Funds|||
|Capital Fund||£326,268|
|District Aid Fund||£103,621|
|Mission Together Fund||£30,322|
|International Fund||£20|
|||—F460,231T|
|Restricted Funds|:||
|District Advance Fund||£247,846|
|Benevolence Fund|_.|£3,073|
|MSM Fund||£0|
|NPNP Fund||£46,740|
|,|oo|£297,659|
|Endowment||£2,886|
|||£1,008,274|
|Total Undesignated Funds Unrestricted Funds||£247,498|
|Less: Invested in the Manse||£169,840|
|Uncommittedreserves,readilyavailable||£77,658|
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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
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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 £96,192 (2021/2022 £86,00).
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 (1st September). In 2022/23 this sum was £76,239 and was credited to the District Advance Fund. The District also obtained an allocation from the Connexional Advance and Property Fund of £222,782. This fund is obtained from a levy on all property sales of Methodist property.
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 2023
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 received by the District as agent are not recognised as an asset in the financial statements because the funds are not within its control. No fee is earned in respect of this agency arrangement and the District incurs no cost through this arrangement.
## Trustees’ responsibilities
The trustees are responsible for preparing the trustees report and the financial statements in 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 viewof the District's financial activities during the year and of its financial position at the end of[the][year.][In][preparing][these][financial][statements,][the][Trustees][must:]
- select suitable accounting policies and apply them consistently using the accruals method
- * make judgements and estimates that are reasonable and prudent ¢ follow applicable accounting standards
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- prepare accounts to comply with the Charities SORP
- e UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the District will continue in business
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the District and enables them to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the District and hence taking 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 information included on the District's website. Legislation in the United Kingdom governing the preparation and 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.
4.1 Risk
The District is largely risk averse but, especially in making grants to entities embarking on new and’ 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 Review will be the same for the District, the District notes that the latest review was undertaken by The Methodist ; 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 on the Connexional website for Ministers and Lay Persons. All Lay Persons, whether paid or voluntary are recruited via the “safer 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 was published in 2022.
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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 are approved by District Synod.
5.1 Structure Circuits are the coordinating charities for local groups of Churches; Circuits pay the stipends of[the][ministers] and employ lay staff to serve the Churches in the Circuit; most decisions are made at or ratified by the half yearly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circuits and makes its decisions at half yearly synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist Churches.
1. Overall regulatory authority rests with the Methodist Conference. 2. The Connexional Office implements decisions made by Conference and is also responsible for the 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[the] 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 2023 : 3.1 Structure continued — swawomnes :, 4. TheMinister,Districtministerialpasses regulatorystaff and Circuitcontrol Stewards,down to Circuitand authoritylevel forislocaldelegatedimplementationto the Circuitby theMeetingSuperintendent for certain matters.
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5. The Circuit Meeting passes regulatory control down to Church Councils for local implementation by the presbyter, the Church Stewards, and other officers, and this regulatory authority is then
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 Connexional character of the Church.
The purposes of the Methodist Church are and shall be deemed to have been since the date of the union the advancement of:
- a. the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and
- b. any charitable purposes for the time being of any Connexional, District Circuit, Local or other organisation of the Methodist Church, and
- c. any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and
- d. any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church.
- The primary purpose ofthis District is to advance the mission of the Church in Northumberland Tyne & Wear and the Northern part of County Durham. ¢ by providing opportunities for Circuits to work together and support each other ¢ _ 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 and oversight of the various ministries of the Church, and in programmes oftraining.
5.3 Governance The District operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. It relies on the Connexional Office at 25 Tavistock Place, London, WC1H 9SF to provide guidance on changes that could affect the District.
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The members of[the][District][Policy][Committee][(DPC)][are][annually][appointed][by][a][vote][of][the][Synod][for] a continuous term not normally exceeding six years. The Chair of District is ex officio chair of the DPC. : Whena position becomes vacant on the District Policy Committee, nominations are invited from ministers and lay members of Circuits within the District. The Chair of the District then shares with nominees what the roles involve. If they wish to be considered for a role, their names are taken to the District Policy Committee and the District Synod for appointment. Members may be either ministers or lay people attending Churches in the area covered by the District. Trustees are all members of the Methodist 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 exceptional matters. It oversees the work of the Evangelism and Justice, Worship and Discipleship teams and Finance 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 and 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.
- ii to encourage inter-Circuit and ecumenical co-operation iii to act in an executive capacity in matters remitted to the Committee by the Synod 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 reflected in the work of the Conference and the Methodist Council, and to carry out its other responsibilities with any such development in mind .
- vi to be aware that the stipend ofthe Chair of[the][District][is][set][-][currently][by][reference][to][the][change][over] a year in the Consumer Price Index - using a formula that was agreed by the Methodist Conference for all ministers within the Connexion.
- 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 2023
## 6.1 Trustees
The following served as Trustees throughout part or all of the year 2022/23 or were trustees at the time of[this][report][being][approved:]
Mr A Irvin Rev E Walker Revd Dr S J Lindridge (Chair) Rev J Porterpryde Mr A Lowe (Retired 31st August 2023) Mrs S Waters Rev J Carter Mr C Horton (District Treasurer) Mrs C Armstrong Rev S Earl Mr DA Stabler Mr A Wilkinson (Retired 31st August 2023) Rev E Lindridge Mr D Brown Deacon T Hume Miss A IIderton Deacon G Morgan Mrs S Gibbon Mrs M Graham Rev J Gill (Appointed Ist September 2023) Mrs K Bevan (Appointed 25th September 2023) Mr M Shaw (Appointed 22nd April 2023)
6.2 Salaries of District employees are reviewed by the Property and Finance Executive and confirmed by the subsequent District Policy Committee.
6.3 A resolution to reappoint RSM UK Tax and Accounting Limited as independent examiners will be put to the trustees and the Synod.
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## 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) Christopher Horton (signed)
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District Chair Date: 4 Man 2aL4 District Treasurer Date: lo mq dot$
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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 2023
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I report to the trustees on my examination of the accounts of Newcastle Upon Tyne District of the Methodist Church for the year ended 31st August 2023 which are set out on pages 3 to 15
## 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 ofthe 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 ,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 | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales.
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any 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 NE1 4AD
## Date 7Zoloslz2+
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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
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|Totals|
|Notes|Unrestricted|Designated|Restricted|Endowment|Totals|Previous|
|Fund|Funds|Funds|Funds|This|Year|Year|
|£|£|£|£|£|£|
|Income|and|Endowments|
|Charitible|activities|da|96,192|-|299,021|-|395,213|=|372,301|
|Investments-interest|2,430|13,529|28,520|89|44,568|6,054|
|Donations|and|legacies-donations|-|26,000|1,030|-|27,030|1,442|
|Other|Charitable|Income|4b|69,346|30,000|39,861|-|139,207|50,667|
|Total|Incoming|Resources|167,968|69,529|368,432|89|606,018|430,464|
|Charitable|Activites|
|Salaries &|Associated|Costs|4c&6|65,521|41,201|47,864|-|154,586|155,584|
|Manse|Costs|dc|38,341|-|-|-|.|38,341|17,236|
|Administration|4c|22,680|-|-|-|22,680|19,190|
|Grants &|Donations|4c|-|-|94,956|-|94,956|251,233|
|Other|Expenditure|4c|6,092|$09|1,929|9|8,539|23,378|
|Total|Charitable|Activities|132,634|41,710|144,749|9|319,102|466,621|
|Net|Income/(Expenditure)|35,334|27,819|276,228|80|286,916|(36,157)|
|Transfers|Between|Funds|(42,927)|-|43,007|(80)|-|-|
|Sub|Total|(7,593)|27,819|266,690|-|286,916|(36,157)|
|Other|(losses)|-|-|-|(128)|(128)|(142)|
|Net|Movement|in|Funds|,|(7,593)|27,819|266,690|(128)|286,788|=|(36,299)|
|Reconciliation|of Funds|
|Total|funds|brought|forward|
|from|Last|Year|255,091|432,412|30,969|3,014|721,486|757,785|
|Total|Funds|Carried|Forward|
|at|End|of Year|247,498|460,231|297,659|2,886|1,008,274|721,486|
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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 31ST AUGUST 2023
||||Notes|Totals|Totals|
|---|---|---|---|---|---|
|||||This Year|Previous|
||||||Year|
|||||£|£|
|Fixed Assets|||7|169,840|169,840|
|Current Assets||||||
|Debtors& Prepayments|||8|183,735|17,166|
|Cash at Bank||||1,302,659|1,271,602|
|Total Current Assets||||1,486,394|1,288,768|
|Creditors|||9|380,982|324,136|
|Net Current Assets||||1,105,412|964,632|
|Total Assets less||||||
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|Net Current Liabilities||||1,275,252|1,134,472|
|Creditors: amounts due||||||
|after one year||||266,978|412,986|
|Net Assets||||1,008,274|721,486|
|Funds ofthe District||||||
|General Fund (Unrestricted)||||247,498|255,091|
|Designated Funds|||12|460,231|432,412|
|Restricted Funds||:|1]|297,659|30,969|
|Endowment Funds|||10|2,886|3,014|
|TotalFunds||||1,008,274|721,486|
The financial statements on pages 3 - 14 were approved by the board of trusteeson |\& Moy IVY and signed on its behalf by:
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S J Lindridge co a’
C Horton (Bile
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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
## CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2023
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|Mm|
|2023|2022|
|£|£|
|Recociliations|of movements|in|funds|:|
|Net|movement|in|funds|286,788|(36,299)|
|(Increase)/decrease|in|debtors|(166,569)|55,648|
|(Decrease)/increase|in|creditors|(89,162)|90,163|
|Cash|flows|from|operating|activities|31,057|109,512|.|
|Increase|in|cash|and|equivalents|31,057|109,512|
|Cash|and|cash|equivalents|at|the|beginning|
|of the|year|1,271,602|1,162,090|
|Cash|and|cash|equivalents|at|the|end|
|of the|year|1,302,659|1,271,602|
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These unaudited financial statements have been subjest to independent examination. See report pn 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 2023
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 (FRS 102) (effective | 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.
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Newcastle upon Tyne District of the Methodist Church meets the definition ofa 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.
The accounts are prepared in sterling, which ts 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 District'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.
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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 2023.
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 2023
## Accounting policies continued
## Expenditure Expenditure is recognised when a 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 ofa 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 wil! 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.
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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 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! "Basic 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 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 2023
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 multi-employer pension scheme for its lay employees. The scheme contributions are recognised as expenditure in the period to which they relate as there is insufficient information available to use defined benefit accounting. Ordained staff are members of the Methodist Ministers Pension Fund.
Where applicable a liability is recognised for contributions arising from an agreement with the multi-employer plan that determines how the charity will fund a deficit. Contributions are discounted , at a rate according to FRS102, when they are not expected to be settled wholly within 12months of the period end. The unwinding of[the][discount][rate][is] recognised as a finance cost.
The contributions payable by the charity charged to income and expenditure amounts to £16,596 (2021/22- £15,778)
' Agency arrangements
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!9.
## 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, seldom equal the related actual results.
Critical areas of judgement 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 ofamarket 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.
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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 2023
|da.|Income from Charitable Activities|Income from Charitable Activities|||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Endowment||Total|Total|
|||Fund|Funds|Funds|Funds||2023|2022|
|||£|£|£|£||£|£|
||Assessment||||||||
||on circuits|96,192|-|-||-|96,192|86,360|
||From Circuit Model||||||||
||Trust Funds|-|-|76,239||-|76,239|62,439|
||Connexional Advance||||||||
||||||,||||
||& Property Fund|-|:|222,782||-|222,782|223,502|
|||96,192|-|299,021||-|395,213|372,301|
||The income from charitable activities was||£395,213 2022-|£372,301) of|which £96,192|was|unrestricted||
||(2022-£86,300) and £299,021 was restricted (2022- £285,941)||||||||
|4b.|Other Income|Un-Restricted|Designated|Restricted|Endowment||Total|Total|
|||Fund|Funds|Funds|Funds||2023|2022|
||;|£|£|£|£||€£|£|
||Grants Received|63,500|30,000|39,861|||133,361|47,529|
||Sundry Income|5,846|-|-||-|5,846|3,138|
|||69,346|30,000|39,861||-|139,207|50,667|
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The other income funding was £139,207 (2022- £50,667) of which £69,346 was unrestricted (2022- £3,138) and £30,000 was designated (2022- £23,000) and£39,861 was restricted (2022-£24,529 )
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## 4c. Expenditure
|Expenditure
.|||:|:|||||
|---|---|---|---|---|---|---|---|---|
||||Staffcosts||Direct costs|Support Costs|Total 2023|Total 2022|
|||||£|£|£|£|£|
|Salaries and associated costs||||154,586|-|-|154,586|155,584|
|Manse costs||||-|-|38,341|38,341|17,236|
|Administration|||.|-|-|22,680|22,680|19,190|
|Grants and donations
Otherexpenditure|.|)||-
-|94,956
-|-
8,539|94,956
8,539|251,233
23,378|
|||||154,586|94,956|69,560|319,102|466,621|
Expenditure for the year was £319,102 (2022-£466,621) of which £144,749 (2022-251,192) was restricted, £132,634 (2022- £160,104) was unrestricted,£41,710 (2022- £55,319 )was designated and £9 (2022- £6) was endowment.
|Grants and donations are||2023||2022||
|---|---|---|---|---|---|
||||_|||
|made up as follows:|;|£94,956||£251,233|;|
|Breakdown ofgrants paid are shown at note 20 on page 14||||||
|Support costs are||2023||2022||
|madeupasfollows:||£69,560||£42,568||
During the year expenses were reimbursed to trustees of[the][charity][totalling][ £10,043][(2022:][£8,900)] 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 2023
## 5 __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 2023 (2022 £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 2023 was:
||||||2023|2023|||||2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||Number oftrustees who were paid expenses|||||7|||||7|
||Reimbursement ofexpenses||.||||||.|||
||Total reimbusement ofexpenses||||£10,043|||||,|£8,900|
|6|Staffcosts and the cost ofkey management personnel||||||:|||||
||The aggregate payroll costs during the yearwere:|were:||:||||||||
||||||2023||||||2022|
||;|||||||||||
||||||£||||||£|
||Wages and Salaries|:|||113,509||||||116,101|
||Social Security Costs||||6,992||||||7,231|
||Other Pension Costs|||-|16,596||||||15,778|
||||||137,097||||||139,110|
||Noemployeeearned in excessof£60,000 duringtheyear(2022: nil)|||||||||||
||Particulars ofemployees:|||||||||||
||Theaverage numberofstaffemployed by the District||during|the financial yearamounted to:||||||||
||,||||2023||||||2022|
|||||||No|||||No|
||Total
~|||||9|||||10|
|||||,||||||||
||Key management personnel|||||||||||
||No salaries as employee benefits are paid to the key management personnel for the year (2022:|||||nil)||||||
||Net outgoing resources|||||||||||
||Net outgoing resources are stated after charging:|||||||||||
||||||2023||||||2022|
||||||£||||||£|
||Staffpension contributions||;||16,596||||||15,778|
||Independent examiners fee||||3,264||||||3,372|
|7|Tangible fixed assets|||||||,|||Freehold|
||||||||||||Buildings|
||||||||||||£|
||Cost|||||||||||
||Ist September 2022 & 31st August 2023||||||||||175,516|
||Depreciation
.|||||||||||
||Ist September 2022& 31st August 2023||||||||||5,676|
||Net book value|||||||||||
|-|31stAugust 2022& 31stAugust 2023||||||||||169,840|
||Alltangiblefixedassetsareheldforcharitable|purposes.||||||||||
## 7
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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 2023
|8||Debtors||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||£|£|
|||Prepayments and accrued|income|||||83,735|17,166|
|||Loan to Circuit repayable|within twelve months|||||100,000|-|
|||||||||183,735|17,166|
|9|=|Creditors:||||||2023|2022|
|||||||||£|£|
|||Accruals and deferred income||||||||
|||Due within twelve months||||||380,982|324,136|
|||Creditors due over twelve|months|||||266,978|412,986|
|||||||||647,960|737,122|
|10||Endowment funds||||||||
||||Balance|Incoming|Charitable||Transfers|Outgoing|Balance|
||||1 September|Resources|Activites|||Resources|31 August|
|||2023|2022||£|.|||2023|
||||£|£||||£|£|
|||Permanent endowments: _|-|||||||
|||TheW H Scott||||||||
|||Memorial Trust|3,014|89|-||(80)|(137)|2,886|
||||Balance|Incoming|Charitable||Transfers|Outgoing|Balance|
||||IstSeptember|Resources|_ Activities|||Resources|31stAugust|
|||2022|2021||||||2022|
||||£|£|£||£|£|£|
||||||||;|||
|||Permanent endowments||||||||
|||The WH Scott||;|||||,|
|||MemorialTrust|3,156|78|-||(72)|(148)|3,014|
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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
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## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
## 11 Restricted funds
|11|Restricted funds||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance|||Investment||Balance||||
||2023||1|September|||Gains||31 August||||
|||||2022|Income|Expenditure|(Losses)|Transfers|2023||||
|District Advance Fund||||2,692|326,447|(81,293)|-|-|247,846||||
||Benevolent Fund|||2,628|415|(50)|-|80|3,073||||
||MSM Fund|||12,939|137|-|-|(13,076)|-||||
||Training Fund|||-|615|(11,310)|-|10,695|-||||
||NPNP Fund|||12,710|40,818|(47,864)|-|41,076|46,740||||
||Education& Youth|||-|-|(4,232)|-|4,232|-||||
|||||30,969|368,432|(144,749)|-|43,007|297,659||||
|||||Balance|||Investment||Balance||||
||2022||1|September|||Gains||31 August||||
|||||2021|Income|Expenditure|(Losses)|Transfers|2022|||.|
||DistrictAdvance Fund|||(10,423)|301,451|(233,718)|-|(54,618)|2,692||||
||Benevolent Fund|||6,056|-|(3,500)|oe|72|2,628||||
||MSM Fund|||15,693|62|(2,816)|-|-|12,939||||
||NPNP Fund||||12,710|.|-|.|12,710|||||
|.|Training Fund|||-|442|(11,158)|-|10,716|-||||
|||||11,326|314,665|251,192|-|(43,830)|30,969||||
|12|Designated funds||||||||||||
|||||Balance|||Investment||Balance||||
||2023||1|September|||Gains||31 August||||
|||||2022|Income|Expenditure|(Losses)|Transfers|2023||||
||Capital Fund|||312,485|35,493|(509)|-|(21,201)|326,268||||
||International Fund|||20|-|-|-|-|20||||
||Our Calling|||-|20,000|(41,201)||21,201|-||,||
||District Aid Fund|||100,585|3,036|-|-|-|103,621||||
||Mission Together Fund|||19,322|11,000|-|-|-|30,322||||
||Total Designated Funds|,||432,412|69,529|(41,710).||-|460,231.||||
|||||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||||
||OurCalling|||-|21,000|(41,010)|-|20,010|-||||
||International Fund|||20|-|-|-|-|20||||
||District Aid Fund||_|100,198|387|-|-|-|100,585||||
||Mission Together Fund|||19,269|3,000|(12,947)|-|10,000|19,322||||
||TotalDesignatedfunds|||463,179|25,934|(55,319)|-|(1,382)|432,412||||
These unaudited financial statements have been subject to independent examination. See report on page 2
. NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH || NOTESFOR THETO YEARTHE ENDEDFINANCIAL 31STSTATEMENTS AUGUST 2023
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## 12 Designated funds (continued)
The income funds ofthe 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 all members and circuits have subscribed. Historically investment income only will be used for “people” based projects and any funding granted will be on a pump-priming basis however Synod agreed that capital may now be used.
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 ofprojects. 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 and has now ceased. The balance has been transferred back to the District Advance Fund.
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The Our Calling Fund is a grant from Connexion to fund the work of Deacon T Hume in her work as District Community Engagement Enabler. It was resolved to fund any deficit from the District Capital Fund. The Industrial Chaplaincy Fund supports the work of Industrial Chaplains.
## 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 §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. 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 tounrestricted funds is a grant made to finance the Stipend and expenses of the Minister of the Mother House and the District Property Secretary. 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 of England. It is also open to other denominations. It is now closed with the balance transferred to the NPNP Fund. Training Fund receives donations from Circuits and makes donations to lay and ordained members of churches undertaking training. , The Connexional Strategy New Places New People known as NPNP are projects focused on forming new Christian communities for those not yet part ofan 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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NEWCASTLE UPON TYNE DISTRICT OF THE METHODIST CHURCH
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## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
## 14 Charitable commitments
At 31st August 2023 there were no commitments which are to be funded out of the District Capital Fund
(2022 -£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
|||Un-Restricted|Designated|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
|2023||Fund|Funds|Funds|Funds|2023|
|||£|£|£|£|£|
|Tangible fixed assets||169,840|-|-|-|169,840|
|Current assets||83,735|480,231|919,542|2,886|1,486,394|
|Creditors under 2 months||(6,077)|(20,000)|(354,905)|-|(380,982)|
|Creditors over [2 months||||(266,978)||(266,978)|
|||247,498|460,231|297,659|2,886|1,008,274|
|||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|
|Creditors under 12 months||(3,893)|(20,000)|=(300,243)|-|(324,136)|
|Creditors over 12 months|||;|(412,986)||(412,986)|
|||256,091|442,794|19,587|3,014|721,486|
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These unaudited financial statements have been subject to independent examination. See report on page 2.
"NEWCASTLE .
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UPON TYNE DISTRICT OF THE METHODIST CHURCH
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## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
## 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 to its charitable objects. No tax charges have arisen in the District.
|19|Amounts disbursed as agent|||;||
|---|---|---|---|---|---|
||||2023||2022|
||||£||£|
||Methodist Church Fund assessments received||$43,807||$46,358|
||Methodist Church Fund assessments paid||543,807||546,358|
|20|Grants anddonations|||||
||||2023||2022|
||Institutions||£||£|
||South West Tyneside||-||45,000|
||East Durham Circuit||1,000||(58,000)|
||Tynedale Circuit||-||‘15,000|
||Lindisfarne||-||22,418|
||District Evangelism Enabler||-||115,000|
|-|Bede Circuit||-||27,000|
||Chinese Church||25,000||-|
||District Digital Ministry||-||(45,000)|
||North Shields
& Whitley Bay Circuit||-||18,695|
||Chester Le Street||-||27,000|
|"North WestDurham|||50,000||19,000|
||Churchat the Margins|,|-||50,000|
||Mission in Britain||-||11,861|
||Recovery Church||3,363||-|
||||79,363||247,974|
||Individuals for Training all under£1000||11,310||3,259|
||Education and Youth||4,283|||
||||94,956||251,233|
:
These unaudited financial statements have been subject to independent examination. See report on page 2.