Klxeld Met4 Learning. Changing. Joinin9 In OistriGt Sheffield Methodist District Annual report and accounts For the year ended 31 August 2023 Registered charity number 1129363
TRusfEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2013 Reference arKI admlnlstratl¥e detalls Reglstered charity number.. 1129363 Addre5S: Sheffield Methodist Distrirt Office Room 47, Virtorla Hall Methodist Church Norfolk Street Sheffield Sl 2JB The following body was the custodian trustee throughout the year and up to the date of this report= The Trustees for Methodist Church Purposes The followin8 persons were mana8in8 trustees during the year or up to the date of approval of this report.. Rev Gill Newion Ichairl Rev Sean Adair Ire5igned 10 September 2022, appointed 11 May 20231 Mccauley Key Iresi8ned 7 March 20241 Rev Jon Bellfield David Burton Rev Julie Coates (appointed 10 September 20221 Gill Daty13ppolnted 22 April 20231 Erica Dunrn(>w lappointed 22 April 20231 Neil Harland Rev Margaret Mwailu Rev Michael Neal Iresi8ned 31 August 20231 Rev Romeo Pedro lappointe(19 September 20231 Rev Claire Rawlinson (appointed 22 April 20231 Rev john Simms (appointed 9 September 20231 Griff Wynne Iresigrted 10 September 20221 ructur overnance and rnan The District's governing document i5 the Constitutional Practice and Discipline of the Methodist Church of Great Britain. The District Leading Team. who are the managing trustees. indude key Offi holder5 and other members repfesenting the diversity of the district. All members are appointed annually by the RepTe5entative Synod, with member5 appointeil by the District Leadin8 Team to fill casual vacancies between meeting5 of Representative Synod. Representative Synod meets twice each year. The District Leading Team and other Dlstrict meetings meet re8ularlv throughout the year. Further authorities io act on behalf of the Otrict between meetings are delegated to the Chair and varlous Distiict officer5. Ob ertfves an actl¥ltles The objects of the Distrirt are set out in the Methodist Church Art 1976 Idause 41.. advanment of religion and any charitable purpose of the Methodist Church or thurth or8anisation. The maln activities undertaken for ihe publTrc benefit in relation to these objects are the promotion of Christianitv through the staging of events, SUPPOrtinE Methodist and other charitie5 in South Yorkshire. north Nottinghamshire and north-east Derbyshire. and financially, through provision of technical guidance and in Pfayer.
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2023 Achlevements and miance We are sad to report the death of Griff Wynne in 2022. Griff had served the district in many ways. indudinB as a member of our Dlstrict Leading Team. He had also been instrumental in the formation and on&oin8 leadership of The Crossing Church and Centre in Worksop. The primary focus ol the District Leadin8Team dvring the year has been the imementation of our 2020-25 strategy for resour¢ing mission. Forsuch A fime As This. This fotusses on six priorities for èquipping our circuits, churches and their member5 to respond to the 8ospel of God's love in Christ. whth is their callin8 and our calling: GROWING DISCIPLES lies at the heart of our strategy. as a bedrock of supportive accountable, deepening relationship with each olher and with Chrrst. Thi5 lead5 to PASSIONATE CONTEXtUAL WORSHIP and TRANSFORMING MISSION for such a time a5 thi5. Particular support 15 needed to rediscover Confiden in SHARING STORIES for such a time as this. We will help set disciples free for a life of worship and mission by SIMPLIFYING PROCEDURES and provldlnB expert SLtpport to make their PROPERTIES FIT FOR MISSION for such a time as this. Following the appointment of a Children & Youth Coordinator in the prior year, we have seen a growth in engagement wlth children and young people. Attendance at oui Youth Away Day and at the natlonal 3Generate youth conference both Increased In the year. With much of our role being to share best praciice, new stories and encourage innovation. we were pleased to see a further Increase In Ihe reach of our digital communKations. We have also increased the feach and inclusiveness of our communlcations by launching a widely distribe printed magazine. We also commiss)fted videos tellin8 the story of three of OUT new Christian communities. We ale startlng to see a recovery In attendance at our Dlstrict Gathering events. whkh thls year focussed on themes of How to be o just¢hur¢h in on unjust world?and Nurturing Leoders. We launched two short term seed fundlng grant programmes during the year. Our Warm Spaces grants and support piogramme ènabled 41 churches to provide inclusive warm welcoming community spaces in response to the cost of living crisis, supportin8 2,CM)O people. Our erbe effi¢iency fvnd supported 13 thurches to reduce their carbon footprint through energy efficiency audri We have sUPPOrted our Circuits in successfulty catching up the ba¢kloB of safeguardin8 trainin8 which had built up during coronaviru5 lockdowns, alongside supporting introduction of a new national EDI training. Our safeBuarding audits of churches have again shown steady impiovements in praCtIS and record keeping. Durin8 the year we started new communitie5 of prarti¢e for leaders of new Christian comrnunitles and justice seekers. Our staff team also contributed to development of new national training resource5 for youth volunteers. propertv stewards, GDPR ¢ompllance and leadws of new churches. FSnanclal revSew The financial statements have been prepared in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities IFRS 1021. effectbve l January 2019 and Finandal Reporting Standard 1021"FRS 102.1. The Olstrlct recorded a surplus of £93.OI2022 surplus of £22.lXl. The uncommitted balance on our Advance Fund Increased by £98.000 during the year. with income again being higher than anticipated. The balance carried forward In the fund is experted to decrease over the next three years as we begin io invest in startin8 new Christian communities, amongst other initiative The principal recurring sources of funds continue to be obligatory payments by Methodist circuits in the Di5trirt and grants from the connexional Methodist Church Fund and other Methodist bodies. We have maintained an active dialogue with our circuits during and since the year end and remain confident that they will be able to maintain thelr contributions to our work.
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED al AUGUST 2023 The major items of Distrfd expenditure continued to be £147.(th12022- £213.(M)01 on grants and donations, and £267,00012022: £292,oc(Il on staff engaged in the Distrirf5 difeu mission projects or providing support and advi to Methodist organisations Wtthin the District. Prior year grants intlude £95,¢JXJ to the new Who Is Your Nei8hbour CIO. bein8 8ranttng of restricted fvnding receNed prior to thi5 distrirt project becoming a fully flged independent orEanisation. and so underlying 8rants awarded have increased by £29,000 this year. No investments are held outside of the TTUStees for Metttodt Churth Purpms. Rt5erves Advance fund.. The reserve5 policy for the Distrsct Advance Fund is that the District will only award grants from the liquid fund5 available. after making allowance for grants ple(18ed but not yet paid over and a reserve of three months direct li.e. non-grantl Advance Fund expenditure. Grants are awarded in accordance with the District strategy for resourcing mission and Usual for 3 period of not more than fve years. The uncommitted DAF funds al 31 August 2023 were £330,IM). Other unrestricted funds: The poliry of the District is to fflaintain liquid funds li.e. net current assetsl in other unrestTlCted funds equivalent to between three and six months expendtture. Liquid funds amounted to six months of expenditure at 31 August 2023131 Avgusi 2022= six months). Other funds are held for specific purposes, with the policy of the Dtrict being to ensure that sufficient amounts are held in or available to each fvnd In order to meet its fvture spedfic commitments. Restricted fund balance5 at 31 August 2023 are: Methodist Women in Britain {£2,(KKII to equip women to fulty partiupate In the life of the Chrk5ti4n church and in society Learning Network (balance £nill to fund training events organised by the Yorkshire Plus Learning Network North East regional team Mission Enabler (balance £3.0th)I being Brant funding for thls project to be Spent in future periods. All existing commitments are expected to be met frorn secured funding Peak Park Rural Development Enabler Ibalance £nill being grant funding for this proleci to be spent in futilTe periods. All existing commitments are expected to be met from sÈcured funding Persian Ministry Ibalance £33,¢yxII being grant funding for this project to be spent in future perlods. All existing commitments are experted to be met from secured fundin New Places for NÈW People (balan £14,lJ)01 bein8 grant funding for this project to be spent in future periods. All exi5tinB ¢ommitments are experted io be Met from secured fvnding Declaratlon The trustees declare that they have approved the TruStS Report above. Signed on behalf of the charivs trustees: Rev Julie Coates Deputy Chair Neil Harland Treasurer 7 March 2024
INDEPENDETr EXAMINER'S REPORT FOR THE YEAR ENDED 31 Aufjusf 2023 Inde endent Examlner's R rt to the Trustees of Sheffleld Methodlst Dlstrkt I report to the chaiity trustees on my examination of the a¢¢ount5 of the ¢harity for the year ended 31 August 2023 which are set out on pages 5 to 17. Res onslbllltles and basls of re As the ch3ritVs trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 20111'the ACVI. I report in respect of my ex3mtnation of the charivs accounts carried out under seciion 145 of the Act and in carryin8 out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. nde ndent examl ement Slnce the charlS gross income exceeded £250,rJx) youf examiner must be a member of a body Ilsted In sertlon 145 of the Act. I confirm Ihat l am qualified to undertake the examination because l am o member of the Institute of Chartered Accountants in England and Wales, which ts one of the listed bodies. I have completed my examination. I confimi that no materfal matters have come to my attentlon in connection with the examination giving me cause to believe that in any material respect= ac¢ountlng records were not kept in respect of the charity a5 required by Section 130 of the Act,. or the accounts do not accord with those re¢ords.' or the accounts do not comply with the applicable requlrements ConrnIng the form and content of accounts set out In the Charities IAccounts and Reports) Regulations 2CA)8 oiher than any requiremenl that the a¢¢ount$ 8lve a 'true and falr vie whl¢h Is not a matter considered as part of an independent examination I have no concerns and have Come across no other matters in connertion wtth the examination to which attention should be drawn in this report in order to enable a proper undetstanding of the accounts to be reached. 3JJ Simon Bladen FCA Hawsons Limited Chartered Accountants Peagasus Housè 436a Glossop Road Sheffield 510 2QD Date- l Ae..1 lolk
STATEMENT OF FINANCIAL AcrnimES FOR THE YEAR ENDED 31 AUGUST 2023 Other Advance unre5trlcted Restrlcted fund fund5 funds Total Total 2023 2023 2023 2022 £'ooo £'ooo £'ooo Incomefrom." Donatlons Contributions from circuit fflodel trust funds Distribution from Connexional advance and property funds Assessment on circults Grants recetve(I Other charitable Income Total charitable actlvltles 132 132 159 145 145 95 139 139 126 132 132 17 13 31 29 278 156 145 579 617 other tradlng actlvltles li li li Investments 17 21 Total income 171 149 616 634 Expenditure on.. Grants and donations Salarie5 and stipends Administration and office Property and insurance Travel Venue hire and event caterin8 other charitable costs Total charitable artivltles Iiiil 1591 121 151 {921 1141 lioi lioi 1141 lioi 11551 1311 11161 11471 12671 1161 1261 1181 1321 112} 1518) 12131 12921 1201 1311 1161 171 1181 li} 1191 1171 16091 lin) {1901 Other tradln£ actfvltles {51 131 Total Èxpèndlture 1173} 11601 li) 15231 1612) Net Incomel IpendIture) Transfers between funds Net movemènt In funds 123 1251 li 1411 28 93 93 22 Opening funds Closlng funds 232 289 65 586 564 a30 297 679 586 There were no recognised gains and losses in the year other than those presented above. All adivities are classed a5 continulng operations.
BALANCE SHEEf AS AT 31 AUGUST 2023 Note 2023 2022 Tan8lble fixed assets 21Z zis Current a55ets Debtors Investments with TMCP Central Finance Board deposits Cash at bank and in hand Total current assets 525 420 22 15 14 505 Credltors: amounts lalllng due wlthln year {1411 11031 Net current assets 402 Total assets less iurrent Ikbllltles 715 617 Credltors: amounts falllng due after more than one year io 131} Net assets 679 586 Funds of the Dlstrlct: Advance fund Other unrestricted fund5 Restricted funds Total funds 12 13 14 330 297 52 232 289 65 679 586 The financial statements were approved and authori5ed for issue by the District Leadership Team on 7 Marth 2024. Rev Julie Coates Deputy Chair Neil Harlar Treasurer Re8lStered chartty number 1129363
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST2025 2023 2022 £'ooo Net cash generated by operntlnÉ actlvftles 16 141 Cash flows from Investlnz a¢thTltles Disposal ol tart8ible fixed assets Interest 21 Net cash prmilded by Imiestlng actl¥ltles 21 Increase In cash and cash equlvalents 162 li OpeninE cash and cash equivalents Closlng $h and cash equlvalents 457 619 17 457
PRINCIPALACCOUNTING POLICIES FOR THE YEAR ENDED 31 AUGusf 2023 Charlty Infomiatlon Sheffield Methodist District is a charity reg55tered in England and Wales (number 11293631. Its registered addre5s1s Room 47, Vlctoria Hall Methodist Church. Norfolk Street. Sheffield. Sl 218. Basls of preparation The Charity is a public benefit enttty. These financial statements have been prepared in accordan with the Statement of Recommended Practice 'Accovnling and Reportin8 by Chartties IFRS 1021, effective l January 2019 and Financial Reportin8 Standard 1021"FRS 102.1. They have been prepared under the historical cost convention. These financial statements are presented in Pounds sterling £'(KX). The prSncipal accounting policies of the Distrirt are set out below. Consolldatlon The Di51rirt oversees the work of Methodist churches and ¢ir¢ui1s Within south Yorkshire, north NottinBhamshire and north-east Derbyshire but does not seek to control circuits or churches or their ministws or lay workers except In extreme circumstances. For this reason the financial results of these churches are not consolidated into these fin3ncial statements. Go5n8 concern The Trustees have prepared these finanial statements on the 8oin8 concern basis. The Trustees have reviewed forecasts to 31 March 2025 and on the basis of those forecasts bdieve that the District will be able to meet its Ilabilltles as they fall due. These forecasts have been prepared conservatively. Induding risks and sensitivlties to anlicipated financial performance, including a revtew of artual performance compared to previous forecasts. Whilst the cost of living crisis is likety to impact Organisations across Methodism. the Trustees do not anticipate that sufficient income to sustain core district activilie5 will ase to be available. Based on the infom)ation currently available in respect of the future. the Tfustees consider that the Distrith h35 the plans and resources to manage its risks Successfully and that there are no material uncertaintie5 about the District's ability continue as going concern. Income Income is not reco8nlsed yntll reIpt Is probable and the amount ¢afi be reliabty measured. Contribution5 from circuit model trust funds are levied on I September each year. calculated accordin8 to the balances included in these funds at this date. which are outside of the control of the Dtrict. They are recognised as Income when levied. Disiributions Irom Connexional advan and property ft5nds ère e1ve1 based on the balances and transactions within those funds, which are outside of the control of the Di5trKt. Income 15 recognised when distributions are formally confiimed by Connexional officers. Assessments on circuils are charged based on based on amounts agreed in advance with circults as a contribution towards the runnin8 costs of the Disirid. Assessments are rÈ¢ognised as income in the period to which the fundin8 relates. The Distrid also acts as an agent in Spert of Connexional a55es5ments collected from circuits and remitted to the national Methodist Church Fund. These Connexional assessments are not recognised as income or expendlture In the statement of financial activity. because there is no ObltIon on the District to make up any 5horttall Connexional a55essrnents from circuits. Whilst time 8iven to the Distrirt by many volunteer5 15 e55ential to its work, this donation of time is not recognised in these financial statements since its value cannot be measufed reliably for accounting purposes. Expendlture Re50urce5 expended are included in the statement of financial artivities on an accruals basi5, inclusive of VAT.
PRINCIPALACCOUNTING POLICIES FOR THE YEAR ENDED 31 AUGU5f J)23 Grants pledged Grants pledged by the Distri¢t are recoBnised in full when the District 15 under a legal or ¢onstructive obligation to make the payment, Usually On the Brant has been approved by the District Leadership Team and the pledge tommunicated to the appliont. Fixed assets Individual fixed assets costin8£1.tW or more are capitalised at cost. Tangible fixed asset5 are Stated at cosL net of depreciation. Existin8 ttistoric costs have been retalned on adoption of the 50RP for all fixed a55ets. Depreciation is calculated to write down the cost or valuation less estimated realisable value, of all tanglble fixed ssets over their experted useful lives. Depreciation is recognised on a straight line basis over the following peTiods: Freehold buildings: 50 years Freehold land is not depreciated IT equipment- 5 years Where the District leases properties temporarily surplu5 to its own needs to individuals or other organisation5 these assets are classed as tan8ible fixed assets, since their fair value cannot be measured reliabfy without undue cost or effort. At each reportin8 date fixed assets are reviewe(I to deterrnine whether there is any indi¢ation that those assets have suffered an impaimient loss. Retlrement beneffts Certain of the District's former lay employees are members of The Penslons Tmst Growth Plan ISerle$ 31. a multi- employer defined benefit pension s¢heme. Provision has been made In these financial Statements for defficit plan paymen15 agreed wlth the scheme's trustees. Ordained minlsters stationed within the District are entitled to become or remain members of the Methodist Ministers Pension Scheme. This is a defined benefit pension scheme. Mofithly employer pension contributions are accounted for as expenditure in the statement of financial activities as they fall due. Payments to settle thè deficlt on this scheme are borne bythe Methodist Coftnexion. leased assets Rentals paid under operating leases are charged to the statement of finanoal actlvity on a straight line basis ovèr the term of the lease. Flnandal Instruments The Group holds only simple fifianclal Instruments, bein8 debtors. ueditors. (ash and lease5, which are recognised at cost le55 provision for estimated irrecovèrable assets. Cvryent asset deposits in monetary assets held ty the Trustee5 for Methodist Church Purp05e5 ITMCPI as ojstodian trusiees are categorised as cash eouivalents since they are capable of being converted to cash with Immediate effect on instrurtion by the District. Central Finance Board deposits are also capable of immediate liquidation and $0 are dasSIf a5 cash equivalents. Re#rkted funds Aestricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these Cfiteria is allocated to the fund. Unrestrlrted funds Unrestricted funds are incoming resources received or generated for charitable purposes and are available for use at the discretion of the District Leadership Team in furtherance of the 8eneral objÈttives of the District.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2023 I Prlor year Statement of flnandal adl¥ltles Financial aclivities for the prior year comprise the following restricted and unrestricted income and expenditure: Other Advance unrestrkted Restrlcted fund funds funds 2022 2022 2022 Total 2022 Incomefrom.. Donatlons Contributions from circuit model trust funds DistribLttion from Connexional advance and property funds Assessment on afcuits Grants received other charitable income Total charltablè actlvltles 159 159 95 95 126 126 208 29 208 18 li 137 226 617 Other tradln8 actlvltles li li Investments Total In¢ome 256 230 634 Expenditure on.. Grants and donatlons SalaTie5 and sttpends Admini5tratiort and office Property and insurance Travel Venue hire and event catering Other charitable c0515 Total charltable artlvltles 1881 1501 {21 iioi 1841 1141 1131 191 Iiisi 11581 1213) 12921 1201 131) 117) 1191 1171 1181 iii 1151 Iiii 13281 161 1139} {1421 Other tradlni artlvltle5 (3) Total ex ndlture 13281 1612 Net Incomel {expendlture) Transfers bdween funds Net movement In lunds 114 1981 45 153) 22 1421 71 22 Openin8 funds C1051n8 funds 160 118 564 232 65 io
NOTES TO THE FINANCIAL STATEMErirs FOR THE YEAR ENDED 31 AUGUST 2023 2 Salarles and stlpends 2023 2022 E'OOO Salarie5 and stipends Employer'5 nation31 insurance contributions Defined conlribution pension costs Defined benefit pension costs IMMPSI 227 21 12 249 23 267 292 The average number of lay employees during the year was ei8ht12022: eleven). The District also bears the stlpend cost of the Peak Park Rural Development Enabler. No employees receive benefits greater than £60,(KKI per annum. The senior management personnd of the Distrlu Is considered to be the Chair of Distrlct. The total cost to the Distrirt of providing taxable benefits in kind and the Chairfs manse lin which the Chair is requlred to live in order to fulfil her dutie51 amounted to £5.LKK)12022.' £7,01. The stipend. employerfs national Insuran and employers pension contribution in respert of the Chair are borne by the Methodist Connexion. 3 pentS to trustees One trustee12022= onel receitled remuneration from the District for work undertaken on Its behalf. No trustees received remuneration for services provided as a trustee. 2023 2022 Sala 31 The number of trustees who receNed reirnbursÈd expense5 or on whose behawtravel costs were paid by the Distrhct was five12022: five). 2023 2022 Travel costs relmbursed io 12 4 Amounts rttelved on behalfof other organlsatlon5 The Distrlct received £436,(KKI12022-. £449.LXK)I from its circuits for ihe Methodist Church Fund in the form of the Connexional element of circuit a5sessment5. These amounts are not included in the statement of financial performance because the District acted solely 35 a tollection agent foi these funds. Al 31 August 2023 £1.CKKI Temained io be remitted to the Methodist Church Fund131 Au8USt 2022.. £1,(wI. li
NOTES TO THE FINANCIAi STATEmEPs FOR THE YEAR ENDED 31 AUGUST 202a 5 Independent examlner The independent examiners. fee for reportlng on these a¢¢ovnts amounts to £lIL12022.' £2.11. No other services were provided to the District in either year by the independent exarniner. 6 Grants •¥arded The District awarded the following grants durin8 the year: 2023 2022 Advance Fund- property prolects Advance Fund- ministry projecis Advance Fund- small grants Advance Fund- pension reserve fund General Fund- pension reserve fund General Fund- other Restricted funds- Who Is Your Neighbour Restricted funds- ministry projects Restricted funds- other Grantsto Instltutlons 53 27 43 23 18 95 26 20 212 General Fund- Learning and development Granlsto Indlvlduats Less Advance Fund grants lapsed 15) Total grants awarded 147 213 Grants from the Advance Fund are made in accordance with our Strat for resourcing mission. Small learning and development grants are offered to Methodist ministers and lay people in accordance with the Learning and Development and Ministerial Development policie5. Oetails of these policies, together with further detai15 of grants awarded to institutions are available on the District website wvnv.sheffieldmethodi5t.or& A grant of £26,CK)O wa5 awarded to the Connexion31 Pension Reserve Fund duiing the prior year in response to a national appeal for contributions to restore the balance in this fund. which aid5 the smooth runnin8 of Methodist mlnisterial pension commltments. The Who Is Your Neighbour projert. which for many years has operated a5 Part of Sheffield Methodist Distrirt. became an independenl charity duiing the prior yeaf. This was considered by our Trustees and its management cornmittee the best way of taking fonvard its ¢ommvnity cohesion work. A new Who Is Your Neighbouf CIO was re8lStered wilh ihe Charity Commission Ire815tration number 11966671 and thè £95,rxJo balance of restritted Bfants received but not yet spent was granted on to the new charity. Re5tfiCted fund mintstry grants comprise support for our New Pta¢es for New People Pilot hosted by Derbyshire North East Circuit. Other restricted grants in the prior year comprise lar8ety Learning Network grants and projects supported by Methodlst Women in Britain. 12
NOYES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 7 Flxed assets Freehold land Free1Id bulk11n ITequlpment Total Cost Opening aoslng 115 151 115 Depreclailon Opening Chargè for the year Closin 51 53 Net book value Opening Closin 115 ioj 97 215 212 8 Debtors 2023 2022 Trade debiors Loans to churches and circuits Accrued income 20 Loans to churche5 and Circuits ¢omprises: Greenhill Methodist Church £8.(W12022.. £32.(*X)I funding towards a property redevelopment scheme. The loan is unsecured. not interest bearing and is repayable in instalments by 2030. Enable Social Enterprise Ltd £12.(iK)12022= £14,() funding towards provision of social hou5hng. The loan Is unsecured. bears interest at 5%, and is repayable in instalments by 2029. 9 Credltors- amounts falllni due wlthln one year 2023 2022 Trade creditors Grants payable Defined benefit pension plan Amounts collected for oiher organlsations Accruals and deferre(l income 130 92 141 103 13
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 10 CredltOf5- amounts lallln8 due outslde ol one year 2023 2022 Grants payable Oefined benefit pension plan 35 29 31 11 Contlngent Ilabllltles The District ha5 made defined benefit pension commitments to certain employèes through The Penslons Trust Growth Plan Iseries 31. a multi-employer pension scheme. Withdrawal from the Growth Plan Scheme could iri88eT a liability of £I,IJOO131 August 2022.. £6.LKK)l in excess of pension contributions accrued for in these account5. The District has chosen Series 4 ofthe Growth Plan, a defined contribution scheme. as its auto*nrolment pension scheme and so withdrawal from the Growth Plan is considered unlikety- 12 Advance fvnd The dlstrict Advance fund receives income via annual contributions levted on ¢ir¢uit model trust fvnds and distributions from Connexional advan and property funds. The purpose of these levies and di5tribution5 IS to release fund5 for wherè they are most required. This Is an unrestrKted fund and is used to make grants in accordance with the Di5tTi¢t Strate8y for Resour¢in8 Mission or to support spedfic cvrrent initlatlves undertaken by the District. 13 Other unrestrlrted fur#ls Unrestricted funds are available for use at the diKretion of the Oisirirt Leadershtp Team In fvrtherance of the general objective5 of the Distrirt includin8 artivitie5 mandated by the MÈihodist Connexion. such as provislon of the Chairfs manse and supporting the regulatory functions pwformed by Various Distritt offKers. 14 Re5trlrted funds Openlr balante I September 2022 Closlng balancè 31 Au¥ust 2023 Income Expendlture Transfer5 Methodlst Women in Britain Peak Park Rural Development Enabler Learning Network Mission Enabler Persian Ministry New Places for New People Totsl charltable actlvltles 141 1551 1211 1411 1431 1261 11901 42 16 13 19 32 io 32 12 33 14 65 149 S2 14
NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ALIGUST 2023 Openi balance I September 2021 Closlng balantè 31 August 2022 Income Expenditure Transfers Edgar Hodkin bequest Methodisl Women In Britain Who is Your NeiEhbourP Peak Park Rural Development Enabler Learning Network Mission Enabler Perslan Ministry New Places for New People Total charftable artlvltles iii iii {1571 1531 {171 1381 1411 1201 13281 57 36 14 26 16 17 14 12 19 32 io 28 33 io 118 45 Transfers into restricte(I funds represent match fundir6 from unrestrithed District hjnds towards projects partlallv funded by restricted grants and donatiors. Restricted funds are to be vsed for purposes os direrted by the donors: The EdgorHodkin bequest is to be used for"Protestant evangelical Christian woik". with the primary purpose being'the Sunday khool worV. The Sheffield District branch of Methodist Women in Britain connects women with an interest in creative spirltuality and a passion for global social justi. Who is your neighbour?worked to help communities live more 5uc¢essfully with difference and be more resiliènt in dealing with divisions created by those who see difference a5 a threat. As described in note 6, this work is now being carried out by a new Who Is Your Neighbour ao The Peok Pork Rurol Development Enfjblerworks alongside churches acr055 the Peak Park national park as they develop thèir mlssion and community engaKÈmt. The Learnffng Network comprises income and costs relatlnB to trainin8 events or8anised by the Learnlng Network North East regional team The Mission Enobltrsupports churches and circuits in cNercoming barriers to risk-takin8 mi5%ion The Persian Ministry fund supports development and growth of ministry to Iranians and others wlthln the UK prima¥ily throv8h employment of a Persian Ministry Development Enabler The New Plocesfor New People fund supports the establL5hment of new ChrtIan communities, either irectly by the District or by PFoviding Brants to its circuits 15
NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 IS Analysls of net assets between lunds Net assets at 31 August 2023 are represented by: Other Advance unrestrlcted RestrlctÈd fund funds funds Total Tangible rtxed assets Current assets Current liabililies Liablllties falling due outside of one year Total net assets 212 97 212 644 11411 1361 679 495 itsoi 1351 52 52 Net assets at 31 August 2022 a represented by-. Other pa1van unrestrlrted nd funds Restrfrted funds Total Tangible fixed assets Current assets Current liabilities Liabilities falling due outside of one year Total net assets 215 87 215 505 11031 1311 353 1921 1291 232 121 16 Reconclllatlon of net cash flow5 from operallng actl¥ltle5 202Y 2021 Net Income for the year 93 22 Adjustments for= Depreciation charges Interest Ilncreasell decrease in debtor5 Increasel Idecre35el in CTeditor5 Cash used In o erotln artlvitles 121) 121 161 191 43 17 Cash and cash t41¥alents 2023 2022 Investments with TMCP Central Finance Board deposits Cash at bank and in hand 525 420 22 15 14 619 457 16
NOTES TO THE FINANCIAL STATEMEi¥fs FOR THE YEAR ENDED 31 Aufju 2023 18 Operat5ng lease ¢ommltments Total minimum comrnitrnents under non-cancelkble operatin8 leases for land and buildinBs are as follows: 202Y 2022 E'ooo Operating leases explrlng within one year 19 Related partytransactlons All District trustees are members of churches and orcuits Wtthin the District and may also be trustees of their church or circuit. Related parties include the Methodist Connexion. churches and circuits within the District and other Mèthodist entities. Other than as described in note5 2. 3. 4, 6 and 8. the onty transactior6 with related parties durin8 the year requiring disclosure are as follows: 2023 2022 Detalls Grants recelved Manchester & Stockport Dlstrlct Peak Park Rural Development Enabler Nottingham & Derby Distrirt Peak Park Rural Development Enabler Methodi51 Connexion Peak Park Rural Development Enabler High Peak Partnefship Peak Park Rural Development Enabr Monyash Methodist Church Peak Park Rural Development Enabler Meihtsdist Connexion Mission Development Support Worker Methodlst Connexion New Places for New People Yorkshire North & East Distrlct Persian Ministry Princes Avenue Methodist Persian Ministry Church Hull Centre & West Circuit Doncaster Circuit 12,8CK) 6,8rK) 12.LM)O 7.020 12,6 6.600 14,000 2.340 25,758 30,(M)O 15,333 3,333 25,758 20,(#JO 15.333 3.333 Persian Ministry Perslan Ministry 3,333 lo.0) 3.333 10,546 othèr recelpts Methodist Connexion YorkshiTe North & East District Learnin8 Network Costs recharged Retreat attendance fees and HR OffKer contributions Retreat attendance fee5 and Contrlbutions 1,785 16.172 810 17,345 Yofk5hire West District 5.472 4,113 various Methodist districts. circuits and churches Retreat attendan fees and contributions 915 770 Payments Yorkshire North & East District variou5 Methodist circuits & churche5 Retreat and event costs Hire of venues for events and regular artiVite5 1611) 14,785) 11,4821 14,4401 Year end balances retelvablel Ipayablel Yorkshire North & East District various Methodist circuits & churches various Methodisi circuits & chur(hes 1,757 112 17