{Ixeld Met4 Learning. Chan9in9. Joinin9 In District Sheffield Methodist District Annual report and accounts For the year ended 31 August 2024 Registered charTty number 1129363
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Reference and admlnlstrntl¥e detalls Reglstered charity number- 1129363 Address.. Sheffield Methodist District Office Room 47, Wictoria Hall Methodist Church Noffolk Street Sheffield Sl The following body was the custodian trustee throughout the year and up to the date of this report= The Trustee5 for Methodist Church Purposes The followng persons were managing trustee5 durfing the year OT UP to the date of approval of thi5 report= Rev Gill Newion Ichairl Rev Sean Adair Mccauley Key Iresigned 7 Maich 20241 Revjon Bellfield David Burton Rev john Henry (appointed 8 May 20241 Rev julie Coates Gill Dalv Erica Dunmow Neil Harland Rev Margaret Mwailu Ireslgned 31 August 20241 Rev Romeo Pedro (appointed 9 September 2023. resigned 14 September 20241 Grace Perklns lappointe(17 March 20241 Rev Clairè Rawllnson Amiee Roddam lappointed 7 March 20241 Rev John Simm5 rurturÈ overnance and man The District's 8overninB document 15 the Constitutlonal Practice and Discipline of the Methodist Church of Great Britain. The District Leading Team. who are the managing trustees, include key office holders and other members Tepresentin8 the diversity of the district. All members are appointed annually by the Representative Synod, wlth members appointed by the District Leading Team to fill casual vacancies behveen meetings of Representative Synod. ReprÈsent3ttve Synod meets twice each year. The Di5trirt Leading Team and other District meetings meet re8ulaTIy Ihroughout the year. Further authorities to act on behalf of the District between meetings are delegated to the Chair and variDU5 District officers. Ob ertfves and a¢tlvltles The objects of the Districi are set out in the Meihodist Church Acl 1976 Idause 41: advancement of religion and any charitable purpose of the Meihodist Church or thurth organisation. The main activities undertakÈn for the public benefil in relation to these object5 are the promotion of ChT15tianity Ihrough the staging of events, supporting Methodisl and other charities in South Yorkshire. north Nottinghamshire nd north-east Derbyshire. and financially. through provision of technical 8uidance and in prayer.
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGU 2024 A¢hle¥ements and ormance The primary focus of the District Leading Team durlng the year has been the implementatlon of our 2020-25 strale8y for resour¢inB mission, Forsuch A fimeAs This. This focus5es on six priorities for equipping oul cifcuits, churches and their members to respond to thegospel of God's love in ChrisL which is thefir callin8 and our calling.. GROWING DISCIPLES We held a first 8atherinB for Methodists holding chaplaincy role5. allowing often isolate(J people to know their work 15 valued and find mutual support. We launched our ONE Progromme youth internship. with three interns 5ervin8 throughout the year In local contexts across the district and attending a leadership weekend and other tralnlng. PASSIONATE CONTEXTUAL WORSHIP We have placed particular emphasis on the role of children and youth volunteer and paid leaders. with a well attended celebration event to recognise th•r ministry. TRANSFORMING MISSION We provided extensive support for some significant new fomis of mission within our circuits, including launch of the Peuk Wesley Woy residential self-gulded pilgrirna8e. We were pleased to see a willinBnÈss and ability to quickly engage with prophetlc responses tOjUSlice i55ues, such as hosting of the tsfe on the Breodline exhibition and Coot of Hope5. We launched a New Beginning5 seed funding programme. supportin8 thurches to start new activities to 5UPPOrt new people in starting jovrneys of discipleship. Across our circuits. opportunÉties for new Christian communities continve to be explored. This remains a slow and paiient process. which we hope will lead to appointment of more pioneers in the coming year. SHARING STORIES We provided diBltal and medla tralnlng for stsff and volunteers from across our churches, and have been encouraged by levels of en8a8ement with digital communications tools. Our di8ltal communications and magazine continue to receive positive feeilback. and we added to these wlth launch of our new Foith. Hope ond thejourney podcast. SIMPLIFYING PROCEDURES We 5UPPOrted several of our arojits in remodelling thelr 8oveman¢e Structures. leading to changes In thelr mi5sional cvlture and ability to respond to new opportunities. We were pleased to see a greater level of confidence with 5afeBuarding and GDPR Compliance from acros5 Qui churches. and continued to provide support in response to queries faised ihrou8h annual self-audits. Lègal and Pfocedural Matters continue to be a cause of anxiety and a drain on time in some contexts acioss the district. We are working with stakeholders across Methodism to minimise risk and clarify advice for lo¢al trustees. PROPERTIES FIT FOR MISSION We have worked closely with Connexional property officers throughout the year to respond to specific property challenges faced by our circuits, and to develop clearer8uIdan on new creative mi5Stonal uses of chapel premises. We are pleased io note 8reater strategic thinking aboui use to use potentially surplus properties. Flnandal revlew The financial Statements have been prepared in accordance with the Statement of Recommended Practlce 'Accountin8 and Reporting by Charities IFRS 1021. effective l January 2019 and Finanaal Reporting Standard 1021"FRS 102.1. The District recorded a surplus of E292.(1[2023 sutplus of £93.IxKII. The uncommitted balance on Oyf Advance Fund increased by £276,OCKTr during the year. Income was again higher than anticipated. This was combined with a lower than usual level of Brant requests. The balance carried forward in the fund is expected to decrease over the next three vears as we begin io invest in 5tartin8 new Chrt5lian communities. amongst other initiative5. Preparations for thesè
TRUSTEES ANNUAL REPORT FOR ThE YEAR ENDED 31 AUGUST 2024 are taking some tlme for circuit5 to be in a position to apply for grant fundi{ but are expected to requlre larger grants than for other projerts we have supported recently. The prlncipal Tecurring sources of funds continue io be obllgatory payments by Methodist circuits in the Distrfct and grants from the connexional Methodist Church Fund and other Methodist bodies. We have maintained an active dialogue with our CiTcuits durfng and slnce the year end and remain confident that they will be able to maintain their contributions to our work. The major Itern5 of District expenditure continued to be £44,CKK)12023.. £147.CrfX)l on 8rants and donations, at)d £298.00012023: £267,LKK)l on staff engaged irt the District's direct mission projects or providing support and advice to Methodist organi5ations withln the Distrirt. No investments are held outside of the Trustees for Methodist Church Pvrposes. Reser¥es Advance fund- The reserves policy for the Distrirt Advance Fund 15 that thè District will only award grants from the liquid funds available, after making allowance for 8rants pledged but not yet paid over and a reserye ol threè months direct li.è. non-grantl Advance Fund expenditure. Grants are awarded in accordance with the District strategy for resourcing mission and usually for 3 period of not more than fNe year5. The uncommitted DAF fvnds at 31 August 2024 were £606.000. oiher unrestricted funds-. The policy of the Districi is to maintsin liquid funds li.e. net current assets) in other unrestricted funds equivalènt to between three and ssx months expenditure. Liquid funds amounted to six months of expendlture at 31 August 2023131 August 2023= six months). Other fund5 are held for specific purposes. with the policy of ihe District being to ensure that suffident amounts are held in or available to each fund in order to meet its future speclfic commitments. Restricted fund balance5 3t 31 August 2024 are= Methodist Women In Britainl£2.(l to equip women to fully participate in the life of the Chrlstian church and in society Learnin8 Network Ibal3n¢e £nill to fund training events or8anised by the Leaming Netwoik North East reelonal team Mission Enabler Ibalance £nill, with grants having been fully uiilised and this work now cot)tinued usin8the District'5 own funds Peak Park Rural Development Enabler Ibalance £14.fml being grant funding for this project to be spent in future periods. All existing commitments are expecied to be met from secured funding Persian Ministry Ibalance £33.c(KJl being grant funding for this project to be spent in future periods. All existing commitmènts are expected to be met from secured fvnding New Places for New People (balance E24,C*JOI being grani funding for this programme to be spent In future periods. All existing commitments are experted to be met from secured fvnding Oe¢laratlon The tTUStees declare that they have approved the Trustees Report above. Signed on bèhalf of the charitvs trustees: Rev Glll Newton Chair Neil Harland Treasurer 23 January 2025
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR EIIDED 31 AUGUST2024 Inde endent Emamlner. Re rt to theTN5tees of Sheffleld Methodlst Dlstr I report to the charity tfustees on my examination of the aicounts of the charity for the year ènded 31 Au8USt 2024 whi¢h arè set out on paBÈs 5 to 17. Res onslb115tles and bas15 of re As ihe ¢harit¢s trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 20111'the Act'l. I report in respeth of my examination of the ch3ritVs accounts carried out under section 145 of the Act and in carryinR out my examination I have followed all the applicable Dirertions given by the Charity Commission under section 145lSllbl of the Act. Inde ndent examlner's statsment Since the charity's gross income exceeded £250.c your ex8rniner must be a member of a body listed in settion 145 of the Act. I confirm that l am qualified to undertakethe examination because l am a member of the Institute of Chartefed Accountant5 in England and Wale5. which is one of the listed bodies. I have completed my examination. I confimi that no material matters have Cometo my attention in connectlon wlth the examination giving me cause to believe that in any maierial re5pert'. accounting records were not kepi in respert of the charity as required by sertlon 130 of the Act.. or the a¢¢ount5 do not accord with those records. or the accounts do not comply with the applicable requirements ¢on¢erninB the form and content of accounts set out in the Charities (Accounts and Reports) Re8ulation$ 2(rf)8 other than any requirement that the accounts give a 'true and falr Vie whith is not a matter considered as part of an independent examination I have no concerns and have come acros5 no other matters in connection with ihe e¥amination to which attentlon should be drawn in this report in order to enable a propel understanding of the accounts to be reached. Simon Bladen FCA Hawsons Limiied Chartered Accountants Peagasus House 436a Glossop Road Sheffield SIO 2QD Date: loi5
STATEMETr QF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 AUGUST 2024 her Note fund 2024 funds 2024 funds Total Total 2024 2024 2023 E'(l(10 £'OOO £'IJOO Incomefrom.. Donatlons Contributions from clrcuit model trust funds Distribution from Connexional advance and Property funds Assessment on £ircuÉts Grants received other charitable incomè Total charltable artlvities 133 133 132 252 252 145 118 139 132 31 94 27 29 76 405 147 121 673 579 Other tradi artlTAtles li li li Investments 41 21 Total Income 163 129 738 616 Expenditure on.- Grants and donations Salaries and stipends Admlnistr3tion and office Property and insuran Travel Venue hire and event catering Other charitable costs Total charltable act5¥ltles 1371 11041 171 1851 11471 12671 1161 1261 1181 1321 1121 {5) 11091 (131 1131 191 191 181 {1611 12981 1181 129) 1181 1241 iioi 14411 1161 151 1151 121 1132) 141 Other tradlng actlvltles 15) Total ex endlture {1481 1166 11321 1446) 15231 Net Intomel lexpend5turel Transfers between funds Net movement Sn funds 13) 24 292 93 1221 276 121 15) 21 292 93 Openin8 fund5 Closln fvnds 330 297 52 679 586 292 73 971 679 There were no re¢()8nlsed Bains and l¢)sses In the year other than those presented above. All activitie5 are ¢lassed as continuing operations.
BALANCE SHEEf AS AT 31 AUGusf 2024 Ilote 2024 2023 Tan8lble fixed assets 212 Current assets Debtors Investments with TMCP Central Finance Board deposits Cash at bank and in hand 83 25 646 525 35 14 Total current assets Credltors: amounts lalllng due wlthln (bne y 1811 1141) Net current assets 782 503 Total assèts less current1Sabllftles 715 Credltors: amounts faillng due after more than ¢)ne yeaf io 1361 Net assets 971 679 Funds of the Dlstrlct: Advance fund Other unrestricted funds Restricted fvnds 12 330 297 13 14 292 73 971 52 Total funds 679 The financial statements were approved and authorised for issue by the District Leadership Team on 23 January 2025. Rev Gill Newton Chair Neil Harland Treasurer Re8lStered ¢harlty number 1129363
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGusf 2024 Note 2024 2023 Net Cash Benerated by operatlnB athiile5 16 115 141 Cash flows frorn investlng actMtle5 Interest Net cash provlded by In¥estlnB arti¥lties 21 21 Increase In osh and cash eoul¥alents 161 162 Opening cash and cash equivalents Clos5n8 cash and cash equlvalents 619 457 17 619
PRINCIPAL ACCOUNTING POUCIES FOR THE YEAR ENDED 31 AUGusf 2024 Charlty Informatlon Sheffield Methodisl District is a charity regi51ered in England and Wales Inumber 11293631. its registered address 15 Room 47, Victoria Hall Methodist Church. Norfolk Street, Sheffiekl. Sl 218. Basls of prÈparatlon The ChaTity 15 a public benefit entity. These financial statements have been prepared in accordan with the Statement of Recommended Practice 'Accounting and Reporting by Charities IFRS 1021. Èffe¢tive l January 2019 and Financial ReportinB Standard 1021"FRS 102.1. They have been prèpared under the historical cost convention. These financial statements are presente(l in Pounds sterlin8 C(. The principal accounting policies of the District are set out below. Con5011datlon 7he District oversees the work of Methodist churches and circuits within 50Uth YO$hIre, north Nottinghamshire and north-easi DerbyshKre but doe5 noi seek to conlrol circuits or churches or their ministers or lay workers except in extreme circum5tance5. For this reason the financial results of these churches are not consolidated into these financial statements. Goln8 concem The Trustees have prepared these financial statements on the goin8 concern basis. The Trustees have reviewed forecast5 to 31 March 2025 and on the basis of those forecasts believe that the Distrlct wlll be able to meet its liabilities as they fall due. These forecasts have been prepared conservatively, Includin8 risk5 and sensitivities to anticipated financial performance, including a review of athual performance compared to previous forecasts. Whi15t ihe Cost of living Crisis is likeTry to impart or8anisations across Methodism. the Trustees do not anticipate that sufficient income to 5U5tain core district activitie5 will cease to be available. Based on the inlomiation currently available in respect of the future. the Trustees consider that the Dtslrict ha5 the plan5 and resources to manage its ¥isks SucsSfullY and that there are no material uncertaintie5 about the Districys ability Continue as a going concern. Income Income is not recogni5ed until reIpt is probable and the amount Can be reliabty measured. Contrlbutlons from circuit modd trust funds are levied on I September each year, calculated according to the balances included In these funds at this date, which are outside of the control of the District. They are re¢o8nised as income when levie(J. Distributions frorn Connexional advan and property funds are recdved based on the balance5 and transactions within those funds. which are outside of the control of the Distrirt. Income is reco8nised when dlstributions are formally ¢onfrrme<l by Connexional officers. Assessments on circuits are ¢har8ed based on based on amounts agreed in advan with cirtuits as a contribution toward5 the running costs of the District. Assessments are recognised as income in the period to which the funding relates. The District also acts as an agent in respecl of Connexional assessments colkned from arcuits and remitted to the national Methodist Church Fund. These Connexional assessments are not recognised as Income or expenditure in the 5t3tement of financial activity, because there is no obligation on the Distriu io make up any shortfall in Connexional assessments from circuits. Whilst time given to the District by many volunteers is essèntial to its work, thi5 donation of time is not recognlsed In these financial statements since its value c3nnot be measured reliably for accounting purposes. Expendlture Resources expended are included in the statement of finandal attivities on an accruals basis. Inclusive of VAT.
PRINCIPAL ACCOUNTING POIICIES FOR THE YEAR ENDED 31 AUGUST 2024 Grants pledged Grants pledged by the Distrirt are recognised in full when the District is under a legal or ¢onstructNe obligation to make the payment, Usually once the grant has been approved by the DistrKi Leadership Team at)d the pledge communicated to the applicant. Flxed assets Individual fixed assets costing £l,cKxI or more are capitali5ed at cost. TanBible fixed asset5 are stated at cost, net of depreciatbon. Existing hlstoric costs have bèen retalned on adoption of the SORP for all fixed assets. Depre¢i31ion is calculated to write down the cost or valuation less estimated realisable value. of all tangible fiyed a55ets over their expected useful lives. Depreciation is recognised on a stfai8ht line b351s over the following periods- Freehold buildin8s: 50 wrs Freehold land is not depreciated IT equipment- 5 years Where the Distrlct leases properties temporarity surplus to ils own needs to individuals or other organisations these assets are classed a5 tsn8ible fixed assets. Sin their fair value cannot be measured rellablywlthout undue cost or effort. Al each reporting date fixed assets are reviewed to determine whether there any indication that those assets have suffered an impairment loss. Retlrement benefits Certain of the District's former lay employees are member5 of The Pensions Trust Growth Plan (Series 31. a multi- employer defined benefit pension 5chÈme. Prowsion has been made in these financial statements for deficit plan payments a8reed with the scheme'5 trustees. Ordained ministers statloned within the District are entitled to become or remain members of the Methodist Ministers Pension Scheme. This is a defined benefit pension scherne. Monthly employer pension contributions are accounted for a5 expenditure in the 5talement of financial activitie5 a5 they fall due. Payments lo settle the deficit on this scheme are bornè by the Methodist Connexion. Leased assets Rentals paid under operating l&ise5 are char8ed to the statement of finan¢ial actNity on a 5trai8ht line basls over the term of the lease. Flnanclal Snstruments The Group holds only simple financial instruments. bein8 debtors. creditor5. cash and lèases. which are recogni5ed at cost less Provision for estimated irrecovèrable assets. Current asset deposits in monetary assets held by the Tnjstees for Methodist Church Purposes ITMCPI as cu5todlan trustee5 are categorised as cash equivalents Sin they are Capable of being converled to cash with irnmediate effect on instruction by the District. Central Flnance Board deposits are also capable of Immediate liquidation and so are dassified as cash equivalents. Restrlrted funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which ffleets these criteria 15 3llocated to the fund. UnrestrScted funds Unrestricted funds are incomin8 resources received or generated for charitable purp05e5 and are available for use at the discretion of the Distmct Leadership Teaffl in furthefance of the general objectives of the Distrid.
NOTE5 TO THE FINANCIAL5TATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 I Prlor year statement of finandal act5vlt5es Financial activities for the prior year comprise the folk)win8 restrirted and unrestricted income and expendlture.. Ad¥aTr unrestrlcted Restrlded fund funds funds 2023 2023 2023 Total 2023 Incomefrom." Donatlons Contributions from circuit model trust funds Distribution from Connexional advance and property funds Assessmet)t on circuits 132 132 145 145 139 139 132 Grants received 132 Other charitable income 17 13 31 Total charltable actl¥ltles 156 145 579 other tradlng actlvftles li Investments 17 21 Total Income 296 171 149 fj16 Expendlture on.. Grants and donations Salarles and stlpends AdministratTron and office Property and Insuiance Travel Venue hire and eveni catering Other charitable c05t5 Totsl ¢harltable a¢tlvltles Iiiii 1591 1311 11161 11471 1267) 116) 126) 118) 132) 112 15181 1921 1141 iioi iioi 1141 iioi 1155) 1161 171 1181 {1731 11901 Other tradlnÉ a¢tNltles Totsl expendEture 1731 {160) 11901 1523) Net Incomel lexpendlluyèl Transfeis between funds li 1411 28 93 1251 Net movèmtnt In funds 9Y ening fvnds Closlnz funds 232 289 65 586 679 330 297 52 io
NOTES TO THE FINANCIAL STATEME15 FOR ThE YEAR ENDED 31 AUGUST 2024 2 Salarles and stlpÈnds 2024 2023 Salaries and stipends Employer's national insurancè contributions Delined contribution pension costs Defined benefit nsion costs IMMPSI 253 24 13 227 21 12 267 The average number of lay employees during the year was ten {2023.' eight). The otriCt also bears the stipend cost of thÈ Peak Park Rural Development Enabler. No ernployees receive benefits greater than £60.( per annum. The senior management personnel of the District is considered to be the Chair of District. The total ¢ost to the District of Pfoviding taxable benefits in kind and the Chairfs manse lin which the Chair is required to live in order to fulfil her duttesl amounted to £12,00012023: £5,(#)01. The stipend. employerfs national insurance and employers penslon contribution in respect of the Chair are borne by the Methodist Connexion. 3 Payments to trustees One trustee12022.' one) re¢Èived remuneration from the District for work undertaken on Its behalf. No trustees received remuneration for services provided as a trustee. 2024 2023 £'ooo Salary 35 33 The number of trustees who received reimbursed expenses or on whose behalf travel costs were paid by the District wa5 five12023: five). 2024 2023 Travel costs reimbursed io 4 Amounts rècelved on behalf of other organlsatlon5 The District re¢etved £475.Crf)012023= £436.0) from its circuits for the Methodist Church Fund in the form of the Connexional element of circuit a55es5ments. These amounts are not included in the statement of financial performance because the District acted solely a5 a collection a8ent for these funds. At 31 Au8USt 2024 £nil remained to be rembtted to the Meihodist Church Fund131 August 2023: £1,OWI. li
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 5 Independent examlner The independent examiners. fee for reporting on these accounts amounts to £2.94012023'. £2.1001. No other seThice5 were provided to the District in either year by the independent examiner. 6 Grants awarded The District awarded the followng grants dudngthe year: 2024 2025 Advance Fund- property projects Advance Fund- ministry piojects Advance Fund- small grants General Fund- other Restricted funds- ministry projects Restricted funds- other 53 40 23 26 Grants to Instltutlons 57 General Fund- LearnlnB and development Grants to Indlvlduals Less Advance Fund grants lapsed 151 Total Brant5 awarded 147 Grants from the Advance Fund are made in accordance with our strategy for resouron8 mission. Details of our mission grant pollcy and ants awarded are available at www.sheffieldrneihodi51.018. In the prior year, small learning and development grants were offered to Methodist ministers and lay people in accordance with our Learnlng and Devdopment and Ministerial Development poliaes. Restricted funds ministry Bfants comprise support for our New Places for New People Pilot hosted by Derbyshire North East ClrcuSt. Other restricted grants comprise largely projects supported by Methodist Women in gritain. 12
NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 7 F5xed assets Freehold land Freehold buikllngs equSpment Total Cost Openin8 Closin 151 115 151 Dèpreclatlon Opening Charge for the year Closing Nei book value Opening Closing 115 97 212 lis 93 8 Debtors 2024 2023 Trade debtors Loans to churches and circuits Prepayments 77 20 25 Loans to churches and circuits ¢omprSse'. Greenhill Methodlst Church £nil12023= £8.cKrfJI funding towards a property redevelopment s¢heme. The loan was unsecured, not interest bearing and repayable in instalments by 2030. Enable Social Enterprise Ltd £lO.(Kh)12023- £12.1XM)I funding towards provision of sodal housin& The loan is unsecured, bears interest at 5%, and Is repayable in instalments by 2029 Freedom Communtty Project £36.5c(J12023= £nill working Capltal funding to support the smooth operations of this ¢harity with closely aligned purposes. The loan is unsecufed. not interest bearing and is repayable by 2028. Edale Methodist Church £30,¢12023'. £nill funding t¢)wards a property redevelopment scheme. The loan is unsecured, not interest bearin8 and is repayable by 2027. 9 Credltors- am(¥unts falllng due wlthln one ar 2024 2023 Trade creditors Grants payable Defined benefrt pension plan Amounts colletted for other organisations Acclvals and deferred income 130 81 141 13
NOTES TO THE FINANCIALsfATEMENTS FOR THE YEAR ENDED 31 AUfjUST2024 10 credIt(s- ornovnis fallln8 due outslde of one ye¥ 2024 2021 Grants payable Defined benefit pension plan 35 36 11 Contlngent Ilabllltles The District has made defined benefit pension commitments to certain employees throuÉh The Pensions Tru51 Growth Plan Iseries 31. a multi*mployer pension scheme. WTrthdrawal ffom the Growth Plan scheme could trigger a liability of £nll131 August 2023-. £1,Cml in excess of pension tontribution5 accrned for in these accounts. The District has chosen Serie5 4 of the Growth Plan, a defined contribution scheme. as its aUtnTO1Ment pension scheme and $0 withdrawal from the Growth Plan is considered unlikdy. 12 Advan¢è fund The district Advance fund receives income via annual contributions levtred on circuit model trust fund5 and dlstributlons from Connexional advance ènd Property funds. The PLFfpose of these levies and distributions Is to rèlease funds for where they are mosi required. This is an unrestricted fund and 15 used to make grants in accordance with the District Strategy for Resouran8 Mis5ton or to support specific current Inltlatlves undertaken by the District. 13 Other unrestrlcted fvnds Unrestricted funds are available for use at the discretion of the District Leadership Team in furtherance of the general objectives of the District includinB activities mandated by the Methodist Connexion. such as provision of the Chairfs manse and supporting the regulatory functions performed by varlous Distrl¢t officers. 14 Restrlrted fvnds Openln£ balae I September 2023 aosln balan¢e 31 August 2024 Income Expendlture Transfers Methodist Women in Britain Peak Park Rural Development Enabler Learning Network Mission Enabler 181 1581 1181 131 1451 62 16 io 14 Persian Ministry New Places for New People Total charltable actlvltles 33 14 33 io 12 33 24 129 2} 24 73 14
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGU 2024 Openin8 balance I Septeml*r 2022 Closing balance 31 Au8usi 2023 Incorne Expendfture Transfers Methodist Wornen in Brltaln Peak Park Rural Oevelopment Enabler Learning Network Mission Enabler Persian Ministrv New Places for New People Total tharltable artlvitles 141 1551 1211 {411 1431 1261 1190) 42 16 13 19 32 32 30 12 33 14 io 65 149 52 Transfers rnto restricted fund5 represent match funding from unrestricted Distrirt fund5 towards projects partiallv funded by restricted grants and donations. Resirirted funds are to be used for purposes as direrted by the donors.. The Sheffield District branch of Methodist Women in Britoin connects women with an Interest in creative spirituality and a passion fo¥ Èlobal social justice. The Peok Pork Rurul l)evelopment Enoblerworks alongside chuld$ acros5 the Peak Park national park a5 they develop their mission and community engagement. The LeomNng Network compiise5 income and costs relating to training events OT8anised by the LearnlnE Network North East regional team The Mi55ffon Enobler support5 churches and circuits in overcoming barrlers to ri5k-taking mission The Per5i(Jn MinNstry fund svpport5 development and growth of ministry to ITanian5 and other5 Wlthln the UK. primarily ihrough employment of a Per5ban Ministry Development Enabler The New Pl(Jcesfor New People fund supports the establishment of new Christian communitie5, either directly by the District or by providing grants to its Circuits 15
NOTES TO THE FINANCIAL STATEMEPllS FOR THE YEAR ENDED 31 AUGUST 2024 15 An•lysls of net wets between fund$ Net assets at 31 August 2024 are represented by: Other Advance ¥nrthrkted Restrlrted fund funds funds Total Tangible fixed assets Current 355ets Current liabilities Liabilit6es falling due outside of one year Total net assets 208 863 1811 1191 971 697 {731 1181 93 181 73 292 73 Net assets at 31 Augu 2023 are represented ty= Advance unrestrlrted Restrkted fund lunds funds Total Tangible fixed asset5 Current assets 212 212 495 11301 1351 330 97 Iiii 52 644 11411 1361 -679 Current liabilities Li3bilities falling due outside of one year Total net assets 297 52 16 ReconcSllatlon of net cash Ilowsfrom operatlnu aciMile5 2024 2023 Net Sncome for the year 292 93 Adlustments for-. Depreciation charges Interest Iln¢reasel/ de¢rease in debtors IDecreasel/ increase in creditors Cash US In o eratlnÉ artlvltles 146) 158) 1771 1211 23 43 141 17 Cash and cash equlvalents 2024 2023 Investmenis with TMCP Central Finance Board deposits Cash at bank arhd in hand 525 35 14 619 16
NOTE5 TO THE FINANCIAL STATEMEPnS FOR ThE YEAR ENDED 31 AUGUST 2024 18 Operating lease commltments Tot31 minimum comrnitments under non-cancellable operati{ lease5 for land and buildings are as follows.. 2024 2023 Operatin leases expiring within one year 19 Related party transartlons All Distrirt trustees are members of ¢hurches and circuits wiihin the District and may also be trustees of their church or CiTCUIt. Related parties include ihe Methodist Connexion, thurches and circuits within the Oistrict and other Methodist entities. Other than as described in notes 2. 3. 4. 6 and 8, the only tfartssactions with related parties durit)8 the year requiring db5c105ure are as follow5- 2024 2023 Party Detalls Grants re1ved Manchester & Stockport District Nottingham & Derby DistTicI Methodist Connexion TMCP Peak Circuit Hi8h Peak Partnership Monya5h Methodist Churth Methodist Connexion Methodisl Connexion Yorkshire North & East Di51ricl Princes Avenue Methodist Churth Hull Centre & West Circuit Doncaster Circuit Pe3k Park Rural Development Enabler Peak Park Rural Development Enabler Peak Park Rural Development EnableT Peak Park Rvral Development Enabler Peak Park Rural Development Enabler Peak Park Rural Development Enabler Peak Park Rural Development Enabl Mission Development Support Worker New Places for New People Persian Ministry Persian Ministry Persian Ministry Persian Ministry 19, 11.538 12,8CK) 6,8CY) 12,000 19.200 4,680 7.020 25.758 30,0 15,333 3,333 3.333 10.000 lo, 15.334 3.333 3,334 Other receipts Darlington District Retreat attendance fees an(1 HR Offbcer contrib4Jtion5 Learning Network costs recharged RetrÈ3t attendance fees and HR Officer contributions Retreat attendance fees and contributions 7.007 iio Methodist Connexion Yorkshire North & East tlistrtct 720 1,785 16.172 16,407 Yorkshire West Distrirt 2,873 5.472 various Methodist districts, circuits and churches Retreat attendance fees and contributions 2.176 805 Payments Yorkshire North & East Disirlct various Methodist circuits & churches Retreat and event costs Hire of vènues for events and regular rtivities 17201 14,7101 16111 14.7851 Year end balances re1¥able/ Ipayable) various Methodist circui15 & churthes variou5 Methodist CiTCilit5 & thurches 3,S67 3,CK)O 1121 17