{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 Suc￿sSfullY and that there are no material uncertaintie5 about the Districys ability Continue as a going concern. Income Income is not recogni5ed until re￿Ipt 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