usign Envelope ID.. eA8ADFDE-A168401&AB2>F68DE5437A81 Methodlst Circuit Leeds South & West Methodist Circuit Trustees Annual Report & Accounts 2023/24
Docusign Envelope ID.. 6A8ADFDE.Al684o123.FG8DE5437A8l
Oocusign Envelope ID.. 6A8ADFDÈ-A1684015-AB23-F88DE5437A81 Leeds South & West Circuit TRUSTEES, ANNUAL REPORT FOR THEYEAR ENDED31stAug2024 Introduction The circuit exists to support churches in their current worship. mission, and service through the centralised provision of ordained st8ff l& their accommod8tionl and lay employees. Presbyters are given pastoral oversight of specific ¢hurches whilst other roles function as points ot referen¢& for their areas of expertise. We coordinate the provision of Sunday worship and offer strategie ideas and plans for shaping the church for the future. Aims and organisation The circuit is part ot the Methodist Church. We exist to in¢Tease the awareness of God's presence. to celebrate God's love, to help people learn and develop as Christians, act as a good neighbour and challenge injustice. Our strategic objectives Iworship, service. learning & caring and evangelism) are detailed in the'our Calling, document available from Review ofthe year 2023124 was a year of planning. Churches continued to deliver more work in their communities than their size and demographics might suggest and shared patterns of working across the circuit have helped sustain some of these services. Churches still offer significant opportunities to explore faith and attend worship as well as acting as central hubs for foodbank collection andlor distribution, providing resources for two Charity shops. offerlrng wami spaces and being places tor community use. Some have begun collaborating with Leeds Cilizen in actively Campaigning to improve their local neighbourhoods. Church setviees, bible study. toddler groups, children's work, youth organisations. knit and natter ¢ommunities, Live 2t Home schemes. baptisms, weddings, funerals. pastoral care, coffee mornings and community Itjnches are further examples of our work which benefits our communities. Worship continued face to face. online and by post. The circuit engages with people regularly through its website, Facebook, YouTube and Zoom accounts in creative ways to reach a$ Many as possible. Due to the central provision ol some resources, the team can support churches in accessing skills not av2iLBble lo¢ally, benefitting from economies of s¢ale and enabling participation in events which they could not provide themselves. Examples include shared staffing. IT, finance, admin. and training. Ordained staff continued to spend considerable time with the wider community through the provision of pastoral care. as well as delivering funeral and bereavement support. Demand for weddings and baptisms also grew. Our children's and families, developmentworker retired. and we did not replace this role as we wanted to continue the widescale review of our work first. However. this did lead to a re-organisation of work across the area and ceasing of some children's provision. The admin team continues to work flexibly. offering acfvice and help regarding finance, governance. and administrative matters. Demand for their time only continues to grow and 8 new partnership model of working together with churches was piloted. Work contlnued reviewing our policies forbetter sharing and targeting of our resources across the area. considering our future needs and sustainable ways of being church. Churches will be asked to revlew
Docuslgn Envdope ID.. 6A8AOFDE-A16PA015AB23-F68DE5437A81 thoir own situations duringthe coming year in light of the work already undertaken. The Hunslet society ceased to meet but the communitywork continues in their building at this point. The transferof propety to circuit trusteeship will be from 1 st Sept 24. Morale in the team remains high Bnd we are grateful for the teamwork of ordained people, lay staff and volunteers, which enables both the care ot our people and the continuance of operations. Finance Summary Incometrends Circuit in¢ome is primarily drawn from the assessment paid by the circuit churches £367.6231780h of general cash income). £76,286116%1 was a one-off refund of donations made to the Methodist Pension Resetve Fund which has now been de-risked and restructured. Conference agreed to refund the earlier appeal for funds. As we had previously refunded churches. these funds will restore circuit balances held. The remaining gener81 income is received from donation, occasional church payments and investments16¥01. Some balances were received from closed churches which has been designated separately to support these closed buildings as their futures are determined. Expanditure trends Stipend pay levels in¢rea$e each financial year in line with Conference approved amounts. The ¢ircuit 81s0 appli8$ the living woge percentage increase to its lay employees in line with District recommendations. 55% of general cash expenses were used to pay our people and associated co$t$ 1£255,1141. 19% represented the circuit's contributions to the dlstrict and connexional budgets 1£89,2681. This is used to fund the work of the wider methodist church. Other admin and governance requirernents totalled É32,58417%1. £45,982110%1 includes the upkeep of our minister residences and associated running costs and expenses. Grants, and payments to support churches and mission totalled £42,99019%1. £43.739 of designated funds were spent on dealing with closing properties, particularly utilities, insurance and legal needs. When a building is sold, the Methodist Connexion takes a levy after the first £20,000120% on the remainderof thelirst £1 Ookand 40% on the rest unless funds arefora replacement projectl- We sold a manse during this year and ihe levy was £112,926, plus legal costs of £7,685. Fund balances At the year end. the net current assets of the circuit totalled £563,81 O. This has rebounded due to the pension reserve refund and house sale. The Trustees note that this is more than sufficient to cover the general expenditure of the charity for around 1.2 years. Plans for 24125 Plans for a wholtssale review Df how our resources. people. and finance, are targeted towards more sustainable models are progressing, alongwith our mission plans. Local churches will also be reviewing their direction of travel and asked to assess how they best serve the needs of their people. Churches will continue to work more closely together. and the closure of 2 societies is already known and sale of buildings are likely to feature as we reshape to meet the eurrent needs of our ¢omrnunities. Such reshaping is likelyto bringchallenges to our income stream but the capitalfrom buildingsaleswi118SSlSt in such transitions. However. this will affect both our staffing needs and attordability. Our Children and Families worker retired in August 2023 and I1( noi be replaced at this time. Climate change needs and rising energy costs are also continuingto be concerns and workto change to more sustain8ble systems are being explored and implemented. A reseNes policy is attached to this document which includes a fund for churches in crisis and suff icient savings to deal with any income shortfall next year
Docusign Envelope ID.. 6A8ADFDE-A1684015-A82>F68DE5437A81 Governance Basis of preparation and legal framework The annual report 8nd accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Charities Act 2011 and "A¢Gounting and Reporting by Charities.. Ststement of Recommended Praciice applicable to ¢harities preparing their accounts in Bccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Full Nam8 ¢fCharity: Leeds South & West Methodlst Clrcuit R*glstration Charity Number: 1129529 Date of regl$tratlon: 2009 Charity in present form from 2015116 Ilt became the continuing entity of the Charity no of Leeds Headingley and West registered in 20091 Main communication addr•$s: Circuit Office, Wesley Road Chapel. Wesley Road, Leeds LS12 1 UL The members of the Leeds South & West Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders. ministers and representatives appointed by the local churches. A Truste& List is attached as Appendix A to this roport. Circuit Ministers and officers A¢iive Circuit Ministers Rev Jo Lightowler Isuperintendentl, Rev Pete Brazier, Rev Keith Hunt Inon-stipendiaryl, Rev Mo Onyott. Rev Rach Ward. Deacon Guy Austin-Bride Circuit Stewards (Lay Volunteer51 Miss Anne Jackson (Seniorl, Mrs Kirsty Butler, Mr Peter Cordwell, Prof Edmund Linfi81d, Mr Phil Maud, Dr Rob Moore. Mrs Elizabeth Smith, Mr Stuart Westerman. Miss Audreywilks, Administrators Mrs Erica Hartley & Miss Helen Boocock Mis$ H C Boocock acted as the principal officer overseeingthe day-to4ay financial management and accountingfor the circuit duringthe y8ar. Audltors: A2ets Audit SeNices Carlton House, Grammar School St, Bradford BD14NS Investment Bankers.. Ceritral Finance Board of the Methodist Church Trustees lor Methodist Church Purposes
DoGusgn Envelope ID.. £A8ADFDE-A168401&AB23-F680E5437A81 Aims and Organisation The Charity's objective is to act as o resource provlder within the area around South & West Leeds for the Methodist Church.. The purposes of the Methodist Church ale and sh811 be deemed to have been since the D8te of Union the advancement of= al The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church,. bl Any charitable purpose for the time being of any Connexional. District. Circuit. local or other organisation of The Methodist Church., cl Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church- dl Any purpose for th$ tim& being ot any charity being a charity subsidiary or ancillaryto The Methodist Church Worshipping God through prayer. song and other acts ol worship including the organisation and resourcing of regular public acts of worship open to members of the church and non- members alike The teaching of Christianitythrough sermons. courses. and small groups. The resourcing of pastoral work includingvisiting the sick and bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Working with local groups to improve and benefit the communities in which we Iwe Provision of chaplaincy services to the 10¢o1 university and other institutions. Public Benefit The Leeds South & West Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historieal cost or transaction value unless otherwise stated in the relevanl accountlng policy note. Structure, Governance and Management The governing document for the circuit is the Deed of Union119321 and Methodist Church Act119761. Detailed governan¢e arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference ICPDI. All Governance Documents can be found online at the Methodist Church of Great Britain Website Dayto day managementof the circuit is undertaken bythe Circuit LeadershipTeam along wlth the Local Preachers. Neeting, the Circuit Governance Committee. and the Circuit Meeting. Trustee Training A range of guidan¢8 produced by Methodist Connexion to support the effectiv8 running of the circuit, specifi¢ally the leallet 'The Role of a Trustee in The Methodist Church. is made available Io 811 new Circuit meeting members 45 induction to their role as trustees as well as th8 Current charity Commission publication. Related Parties The Circuit is part of the Yorkshire West District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit.
Dacusign Envelope ID.. eAeADFDE-A168-40154B23-F68DE5437A81 Churche5 Wlthin L?od$ South &West Circuit Adel Methodist Church Beeston Hill UFC ILEPI Central Methodist Church Cookridge Methodist Church The Church in Farsley ILEPI The Grove Methodist Church Headingley Methodlst Church Highfield Methodlst Church Hunslet Methodlst Church Hyde Park Methodist Church Newwhingate Methodistchurch The Church In Rodley ILEPI St Andrew's Methodist Church, Bee$ton St Andrew's Methodist Church, Pudsey St John's Methodist Church St Mark's Methodist Church Trlnity Bramley Methodist Church
Do¢usign Efiveiope ID.. 6A8ADFDE-A16PA015-AB23-Ffj8DE5437A81 Risk Management The major risks have been identified and recorded. Theie 18 a regular annu81 review process yndertaken. Income and Expenditure is being monitored and is compar8d with the approved annual budget on a half yearly basis to detect trends as part ofthe risk management process to avoid unforeseen caiis on reserves. There is also a crisis contingency amount included within the reserves policy. Safeguarding Every person has a value and dignity which comes directly from the creation of male and female in God's own imagg and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. Among other things this implies a duty to Value all people as bearingthe image of God and therefore to protectthem from harm. Methodist Connexional pra¢ti¢e outlines commitment to the following principles: the care and nurture of, and respectful pastoral ministry with, all children. young people, and adults the safeguarding and protection of 811 ¢hildren, young people and adults when they are vulnerable. the e$t8blishing of safe, caring communities which provide a loving environment where there is informed vigilance as to thts dangers of abuse. We will carefully select and train all those with any responsibilitywithln the Church, in line wth Safei Recruitment principles, includingthe use of Criminal records disclosures and registration with the relevantvetting and barring schemes. We will respond without delayto every complaint made which suggests that an adult. child or young person may have been harmed, cooperatingwith the police and local authority in any investigation. We will seek to work with anyon& who has suffered abuse, developing with them an appropriate ministry of informed pastoral care. We will seek to challeng8 any abuse of power. especi811y by anyone in a position of trust. We will seek to offer pastoral c81e and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person orvulnerable adLJIt. In all these principles we will follow legislaiion, guidance and recognised good practice. The Leeds South &West Circuit Commits itself to ensuring the implementation of Connexional Safeguarding Policy, government legislation. guidance. and safe practice in the circuit and in the churches. The Leeds South & West Circuit Commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable. R¢$¢rv¢s Policy The Reserves Policy forthe Circuit is attached Bt the end ofthls document. We confirm that it is sufficient to meet any unforeseen item of major expenditure on manses and l orto be able to contlnu&. in the short term. funding planned activitieg in the event of any inability to raise the full Circuit Assessrnent from churches. Polieres The following addition81 policies have been formally adopted by the trustees and continue to be reviewed Disciplinary & Dismissal Procedure Safeguarding Policy Health & safety Lone Workers Social Media Lay Staff Training and Pay policy Equality Diversity Inclusion Grievance Procedure Redancy Photography and recording Working at Heights Anti bribery & Whistleblowtng Conflicts Of Interest Flexible & Hybrid Working Finance Framework Survivors of abuse Antibullying
DSIgn Envelop8 ID.. 6A8ADFDE-A1684015-AB2&F68DE5437A81 Leeds South & West Methodist Circuit INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LEEDS SOUTH & WEST METHODIST CIRCUIT Opinion We hav& audited the financial statements of LeS South & Wesl Methodist CircuS1 Ilhe 'Charily'} for the year ended 31 August 2024 which comprise the statement of financial aclivilies, the balance sheet, and notes lo the financial slatemenls. including significant accounting policies. The financial reporting framèwork that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland (United Kingdom GenerallyAccepted Accounting Praclicel- In our opinion. the finan¢i81 statements.. give a true and fair view of the state of the charity's affairs as at 31 August 2024 and of ils incoming resources and application of resources, for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted A¢¢ounting Practice. and have been prepared in accordance with the requirements ofthe Charitie5 Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our sponSibl11t1es under those standards are further described in the Auditors responsibilities for th8 audit of the finanual statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevanl lo our audit of the financial statements in the UK, includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit emdence we have obtained is sufficignt and appropriate lo provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial slatemenls, we have concluded that the Trustees use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perform, we have not identified any material uncertainties relating lo events or conditions that. individually or collectively, may cast significant doubt on the Charity's ability to ¢ontinue as a going concem for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. other information The other information comprises the information included in the annual report other than the financial siat8ments and our audito¢s report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance condusion theTfyon. Our responsibility is lo read the other information and. In (Joing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslal&ments, we are Tequired lo delemiine whelherlhis gives rise lo a material misslalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there Is a material misstaternent of this other information, we are required lo report that fact. We have nothing lo report in this regard. Matters on which we are r#quir•d to report by exception We have nothing lo report in respect of the following matters in relation lo which the Charfties (Accounts and Reports) Regulations 2008 requiTe us to report to you if, in our opinion.. the infomalion given in the financial statements is inconsislenl In any material rèspect with the Trustees report., or sufficient accounting records have not been kept; or the financial slalemenls are not in agreement with the accounting COrds., or we have not received all the information and explanations we require for our audit.
Docusign Envelope ID.. 6A8ADFDE-A168401&AB23-F68DE5437A81 Leeds South & West Methodist Circuit INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEEDS SOUTH & WEST CIRCUIT Responslbilltles Of Trustees As explained more fully in the statement of Trustees responsibilities, the Trustees are responsSble for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal ctsntrol as the Trustees determine is necessary lo enable the preparation of financial slalements that are free from material misslatemenl. whether due to fraud or 8rror. In preparing the financial stalemenls. the Trustees are responsible for assessing the Charity's abi5ily lo continue as a going concern. disdosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations. or have no realIsC alternatwe but lo do so. Auditorfs responsibilltles for tha audlt of the financlal statements We have been appointed as auditor under section 144 01 the ChariliesAcl 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectlV8s are to obtain reasonable assuran about whether the financial statements as a whole are fre& from material misstatement, whether due to fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect a material misslalemenl when il exists. Misstatements Can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the econtsmlc decisions of users taken on the basis of these financial slalements. A further descrtplion of our responsibilities is available on the Financlal Reportlng Council's website al= ahtt Lll www.frc.or .uklauditors responsibilities. This description forms part of our audltor's report. Extent to whl¢h the audit was considered capable of detecting irregularities, including fraud Irregularities. including fraud, are Instsnces of non-compliance with laws and gUlations. We design procedures in line with our responsibilities, oulllned above and on the Financial Reporting Council's website, to detect material misslalements in respect of irregularities, inciuding fraud. We obtain and update our understanding of the entity. its activities, its control environment. and likely future developmenÈ, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial slatemenls, whether due to fraud or error, design and perform audit procedures responsivg to those risk5, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to appllcable laws and regulations. induding fraud. In response to the risk of irregularities and non-compliance with laws and regulations, induding fraud, we designed procedures which included-. Enquiry of management and those charged with govemance around actual and F)Otential litigation and claims as well as actual, suspected and alleged fraud., Reviewing minutes of meetings of those charged with governan¢e- Assessing the exlenl of compliance with the laws and regulations considered to have a direct material effect on the financial slalemenls or the operations of the enlily through enquiry and inspection.. Reviewing financial statement disclosures and lesling lo supporttng documentation to assess compllance with applicable laws and regulations., PerforTning audit work over the risk of management bias an(J overrlde of controls, including lesling of journal entsies and other adjustments for appropriateness. evaluating the business rationale of significant transactions tsulside the normal course of busine55 and reviewing accounting ¢stimales for indicators of potential bias. Because of the inherent limitations of an audit. there is a risk that we will not detgct all irregularities, including those Igading to a material misslalemenl in the financial statements or nork-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-comlanCe. The risk of not delecling a material misstatement resulting from fraud is highor than for one Tesulling from error, as fraud may involve ¢ollusion, forgery, intentional omissions. misreprosentations, or thè override of internal conlrd.
Docusgn Envelope ID.. 6A8ADFDE-A1684015AB23-F68DE5437A81 Leeds South & West Methodist Circuit INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEEDS SOUTH & WEST CIRCUIT Use of our rèport This report is made solely to the charity's Trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been Ljndertaken so that we might slate lo the charity's Trustee5 those matters we are requiT&d lo stale lo them in an audilorfs report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone otherthan the charity and the charity's Trustees as a body, for our audit work, fot this report, or for the opinions we have formed. Slgnèd ty. 9FD5S838F$88476 Colin Whitehead Senior Statutory Audltor For and behalf of Azat$ Audlt Services Ltd 24 January 2025 1 15:20 GMT Date.. Carlton House Chartered Accountants Statutory Auditor Grammar School Street Bradford BD14NS A2ets ALJdit Servi¢es is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies A¢t 2006.
DoCugn Envdope ID.. 6A8ADFDEA1684015-AB23-F68DE5437A81
DoGu5ign Envelope ID.. 6A8ADFDE-A1684015AB23-F680E5437A81 S* We¢ 2023124 Methodlst Circuit Leeds South & West Methodist Circuit Accounts Forthe year ended 31st Aug2024 (Accruals Basis) Charity Number1129529 District: Yorkshire West 27 c1ul1. Leeds South &West 01 Minister5 Rev Jo Lightowler Isuperintendentl Rev P Brazier. Rev K Hunt Inon-stipendi8ry1. Rev M Onyett. Rev R Ward, Deacon G Austin-Bride Lay Employees Mrs A E Hartley. Miss H C Boocock Stewards Miss V A Jackson (Senior). Mrs K Butler. Mr P Cordwell, Prof E Linfield. Mr P Maud, Dr R Moore, Mrs E Smith. MrSWest8rman. Miss A Wilks Treasurer Miss H C Boocock 13
Dcojsljn ID.. 6A8ADFDE-A168401M82W68DE5437A81 Leeds South & West Methodist Circuit Statement of Financial Activities to 31 st Aug 2024 No. 23124 22123 Income Donation5 & Legacies Charlt4bloA¢tlvltles Assegsmentstrom Churches Other Ch8ritabig Actwities Oth•rTradlng A¢tivities Income from Lettings Investm•nt8 175 175 367.623 80,446 367,623 85,360 392,314 1.162.891 4.914 21502 22.502 26.004 501.664 23,228 471,472 2.676 2.678 100 100 17.989 1.563.517 Total Income 27,416 cnd iture Siipends, Sais. NIC. Pensions Distri¢tA$$¢$$ment Merhod13t Church Fund Telèphone & Travel Insurance & Utilty costs 12 Mainten8nc• on Man5ey 13 Churches und?r ¢ircuittrusteeship 14 Piovisionfor bad & doubrful debis 15 Other Outgoings 16 Grants and Donations 17 Dlstrlci Advance Fund 18 Total Char5table expenditurg 25S,114 16.924 72.344 6.356 27,176 12.450 11.1.1 255.114 16,924 72,344 6.356 27.176 12.450 43.739 23.653 169,19S 42.990 2.579 672.520 286.076 14,255 72.309 4.781 28.281 24.124 35.655 10 43,739 23,6S3 48,295 42,990 120.901 36.343 76.000 2,919 560.744 2,579 123.480 S05,301 43,739 Ngt IncomEN¥ b•tor• gainlloss 33.829 -120.804 16,323 11)0 170.857 1.002.772 Transfers betsveen Funds 19 228,976 195,147 3SO.O 350.OIXI 121.613 810 16,323 170.857 1.002.772 GainlLogson sale ol fixed assets G8inlLosson irwèstmentassets Net movom¢nt In Funds Balances brou£hl lorwdrd TOTAL Funds carried forward 20 20 11)0.01)o 100.000 21.022 49.834 3,776,738 3,726,903 13,382 208,529 320,040 528,569 7.640 8A50 101,587 110,036 7,837 994.935 2.781.802 3,776,738 25Q.000 3,240,606 2 990.606 16.323 112.005 95,682 2,$00 2,010 Monies received lorothers Monie$ pa$$6d on to tsth•rs 29 88,504 88.504 139.425 139.425 14
Docusign Envelope ID: 6A8ADFDE-A168-4015-AB23-F68DE5437A81
15
Docusign Envelope ID: 6A8ADFDE-A168-4015-AB23-F68DE5437A81
Leeds South & West Methodist Circuit
Statement of Cash Flows for the Year Ended 31st Aug 2024
| ote Cash flows from operating activities: 34 Net cash provided by (used in) operating activities Cash flows from investing activities: Dividends and interest income from Investments Proceeds from sale of investments Income from Letngs Sale of fixed assets Net cash provided by (used in) investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Cash and cash equivalent include: Short term investments Cash at bank 26 Total cash and cash equivalents |
- 23/24 22/23 160,249 138,636 |
- 23/24 22/23 160,249 138,636 |
|---|---|---|
| 26,004 17,969 27,001 350,000 |
||
| 403,005 17,969 242,757- 120,667 438,198 558,865 |
||
| 680,955 438,198 618,399 383,188 62,556 55,010 |
||
| 680,955 | 438,198 |
Note
16
Docusign Envelope ID: 6A8ADFDE-A168-4015-AB23-F68DE5437A81
Leeds South & West Methodist Circuit 27/01
Notes to the Accounts
1 Basis of accounting and accounting policies
a) Accounting Standard
The accounts have been prepared in accordance with the Charities Act 2011 and "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)" (as amended for accounting periods commencing from 1 January 2019).
b} Public Benefit Entity
The Leeds South & West Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) below.
c} Basis
These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts that show a true and fair view of the Circuit's financial position and activities.
d} Content
The financial information presented is relevant, reliable, comparable, and complete. Where estimates are used these are based on experience, research, and judgment. The accounts are expressed in £Sterling, rounded to the nearest pound.
e} True and fair override
The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
f) Going Concern
Based on the monetary assets and human resources available at the end of the year, the trustees believe that the Circuit is a going concern
g) Consolidation
The Circuit has denominational regulatory oversight in respect of the work of the churches within the circuit but has no legal or operational control of those churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of churches within the circuit are not consolidated into these financial statements.
17
Docusign Envebpe ID.. 6A8ADFDE-A16&4015AB23-F680E5437A81 h} Income Recognition Income is brought into account when there Is entitlement. and the amount is reliably measurable once it is more likely than not that the economic benefit of the income will be forthcoming. Individual amounts categorised as 'Other income. in the SOFA will be shown seporately if they ale considered material. The Circuit acts as Agent in three matters the collection from Churches and payment over of their ¢ontributions to various Funds Controlled gnd administered by the Methodist church-'Connexional Funds, the administration18pplication. collection. and disbursementl of grants requested by Churches within the Circuit from. but not limited to, the District and Connexion. the administration (payment and reimbursement) of church employee wages. In all these matters the transactions are not reflected In the SOFA because they are the income of either the connexion or church as appropriate. Instead. the transactions are disclosed in the Notes to the Accounts 89 required by SORPIFRS1021, module 19.12. In accordance with the Charities SORP IFRS1021, the time of volunteers 18 not recognised. If goods are donated, a value will be shown in the SOFA or Notes where a value is considered material. il Expendlture This is recognised when a liability 1$ incurred, or a constructive obligation arises, where the amount is reliably measurable, and it is considered more likely than not that there will be an outflow of econornic benefit. j) Grants & fixed term appointmont¥ Grant8 made by the Circuit from its own funds are iecognlsed in full at the time of agreement to make a grant or when the Circuit accepts that there is a legal or operational obligation to make the payment if it subject to performance conditions. When the grant is recurrent over more than one year the b818nce payable in future years is treated 8$ a provision forfuture commitments in the Balance Sheet against the appropriate tund, the provision being released in future years in accordance with the originally agreed terms. In cases where the grant has btren charged to one fund but for ease of payment has been transferred to anotherfund anyfuture payment provision is applied to the fund from which the grant wll ultlmately be paid. Salaries agreed for tixed term employees are also treated as such and a provision will be made. kl VAT Since the Circuit is not VAT registered, all input VAT is charg8d with the expenses to which it refers. l) Tangible fixed assets for use by the Clrcult These are capitalised if they Can be used for more Ihan one year. and individually cost at le8St £1.000. The freehold propety andlor long leasehold residential property is shown in the accounts at deemed historical cost repr8sentingeach property's gross carryingvalue as at 1 September2015. No depreclatlon is provided on the building because the trustees consider the current residual value ol the property in its present condition to be not less than its historical cost Ènd, in the absence of any evidence of impairment, any depreciation provision tor the building component of the propertywould be immateri81. 18
Oocusign Envebpe ID.. £A8ADFDE-A1684015-AB23-F68DE5437A81 From time to time the Circuit may be required to assume responsibility for church premises following closure and cessation of worship. This results in the Circuit becomingManagingTrusttses ofthe property. At that tirne. the property is recognised as an asset at its anticipated sale priee as determined by professional valuation. Any expenditure on su¢h assets if held for reinvestment of the proceeds, as the trustees determine. that is likely to enhance the sale value is Capitalised at the time the expenditure is incurr8d. Where the proceeds are intended to be spent on activities, the property is included in current assets at the lower end of cost and realisable value. The Circuit has made use of the deemed cost option on transitioning to FRS102. as outlined above. ml Monetary investments The Circuit's investments are in monetary assets ctassified as basic financial instruments under FRS102 and are held bythe Trustees for Methodist Church Purposes ITMCPI as Custodian Trustee. The valuation, at market value, are those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown in the SOFA. n) Investmgnt Proporties From time to time the Circuit may hold residential property (formerly manses) which is surplus to its noimal staffing requirements. Where this is the case and it is anticipated that the property is unlikely to be used as a manse within 8 period of 2 years. the property 1$ classed as Investment Property (whether let out or not) and lets are at market rates unless there is a compelling reason notto do so in furtherance of the Circuit's charitable objectnies. Any such cases are specified within the accounts. ol Receivables and Payabl¢$: Bank and Cash {Ba$lc Flnancial Instruments) Debtors are staled at the amounts owed to the Circuit or prepaid. Creditors are initially recognised at settlement amount afterany trade discounts. where normBI creditterrn5 apply, orthe amount advanced to the Circuit. Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit fund balanctss are shown attheir realisable values. pl Methodist Connexional Funds The Methodist Church Connexion raises assessments against circuits. and these are paid quarterly to their districts. The circuits raise assessments against churches in their circuit. The district quarterly remit5 the sum received from the ciicuits. The district retains a portion from this circuit assessment to meet its own cost is and listed separately to the connexional total in these accounts. The circuit acts as Agent for ad hoc collections forvarious funds controlled and administered by the Methodist Church and these are detailed in the Related Parties section. ql Funds The trustees have adopted a policy for ali unrestricted reseNes which 1$ included as Appendix B. The funds held constitute.. General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund which has wide purposes defined in Standing Orders and 1$ categorised as unrestricted. Restricted funds which are held for a narrower specified purpose. Designated funds are for earmarked projects but can be reallocated accordingto priorities. We have no Endowmentfunds. Details of material funds are disclosed in the accounts. and each may be represented by more than just cash. r) Minister's Manse Costs The Circuil is required to provide accommodation for each minister in the circuit and their families and this is seen as a benefitto the ¢ir¢uit. Ministers are expected to occupy the manse provided forthern. The 19
Dwusign Envelope ID.. 6A8ADFDE.A168401>AB23.F68DE5437A81 circuit bears the costs of rep8irs, maintenance, buildings insurance, council tax and w8ter charges. These figures are not separately disclosed as benefits-in -kind for ministers as HMRC does not seek to tax these receipts in the hands of ministers. $1 Subsequent Ev¢nts Events after the reporting period.. An event, which could be favourable or unfavourable, that occurs beeen the end of the reporting period and the date that the financial statements are authorised for issue. Adjusting event: An event after the reporting period that provides further evidence of conditions that existed at the end of the reporting period, including an event that indicates that the going concern assumption in relation to the whole or part of the enterprise is not appropriate. Non-adjusting event.. An event after the reporting peTiod that is indicative of a condltion that arose after the end of th8 reporting period. 2 Glossary of Terms CFB: Central Finance Board of the Methodist Church manages a Common Deposit Fund and a serles of pooled investment funds for Methodist entlties in Great Britain and provide investment advice to those entities. Church: a group of members from twelve to more than three hundred Clr¢ult: A group of Methodist Churche$ and Local Ecumenical Partnerships with a methodist component in a geographically defined area, typically between 10 and 30 Circuit Meeting: The Trustees of the Circuit. most of whom arts appointed by their local Churches and others by virtue of a role they undertake for the Circuit andlor local Churches. CLT: Circuit Leadership Team-. A group (comprising mostly, but not exclusively) of Circuit Trustees responsible lor the d8y-to-day administration and policy formulation of the Circuit. The CLT comprises the Presbyters and Deacons stationed within the Circuit. The Circuit Stewards, including a linance steward and the Lay employees CMTF: Circuit Mod8lTrust Fund Connexlan: The Methodist Church in Great Britain which includes the Head Offlce in London. all Methodist Dlstrl¢ts, Circuit and Churches in Great Biltain Connexional Fund$: The Designated andlor Restricted Funds held and administered by the Connexion in furtheiance of its charitable and mission objectives. Deacon: A Deacon Is an ordained role within the Methodist Church and a religious order. It 55 a way of life which expresses the servant ministry of Christ by the whol8 people of God to the world. Deacons exercis8 caring. pastoral, evangelistic and outreach ministries in a¢cordance with their gifts. District: a group of contiguous Circuits, usually between 15 and 30 FRS: Financial Reportingstandard HMRC: Her Majesty's Revenue and Customs Lay Employees: Personnel employed by the Circuit on accepted cornmercial employment terms. 20
Docusign Envelope ID.. 6A8ADFDE.A16840lB23-FG8DEs437A8l LEP: Local Ecumenical Partnership, A group of denominations who agree to work together as one unit. The agreement may be to share buildings, worship or financi818nd governance structures and may vary in detail from Partnership to partnershlp. MMPS: Methodist Ministers, Pension Scheme Pansion$ Trust: The organisation through which the CSrcult arranges a pension scheme for its lay employees. Presbyters (including Superintendent): Probationer or Ordained Methodist Ministerwho have pastoral and administrative responsibility for the Churches within a Circuit. They are placed Istationedl in a circuit who look after their accommodation. stipends and welfare and they usually take pastoral church of a designated set of churches. The Superintendent carries the additional responsibilityfor overseeing the running of the Circuit. SOFA: Statement of Financial Activities SORP: Statement of Recommended Practice Stlp8nd: A regular fixed sum paid to Ofdained staff in lieu of a Salary. It is taxed in the same way a salary would be treated. TMCP- Trustees of Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust propety, including legacies, Endowments and Accumulated Funds. Restatement of previou5 year's figures In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 INot Section 1A] and the Charities SORP FRS 702 the statement of comparative items was required. Restatement has riot been necessary, and a reconciliation of opening balances is also therefore not required. A copy of the previous year's SOFA and Balance sheet is included at Appendix C for clarity. 21
Docusign ENVllpe ID-. 6A8ADFDE-A1684015A823-F68DE5437A81 Leeds South & West Methodist Circuit 27101 Year ended 31 August 2024 Notes to the Accounts 41 Donotlons & Legacies No legacies reeeived. Donations received towards postal costs 8nd circuit resources providtsd Donations & Legacie5 Collections & Donations Genèral 175 175 CMTF Dèsl 23124Total 175 175 22123 343 343 roi&l Charitable Activities In 2023124 the cir¢uit had 17 churches. Each is assessed for a contribution to meet the overall net costs of the circuit. Known income from other sources is taken into account. The circuit continues to reassess contributions by membership and relative linancial strength, in order to share the costs as fairly as possible. The plan a($0 allows for savings to be used to help manage ¢hange. 2 churches are earmarked fortransfer to Circuit twsteeship in 24125 and the budget has taken this into account. As$essmeni$from Churches Assessments f rom Churches Adel Beeston Hill Central Cookrid Farsle The Grove Headin hfield HunslÈt H dePark Rodle Sl Andrew's, Beeston SIAndrew's. Pudse Stjohn's St Mark's . Bramle Newwhin ate Wesle Road Woodside General 13.333 14.631 11.247 35,652 14,744 CMTF Desi 23124Total 13.333 14,631 11.247 35.652 14,744 58,503 32,452 14,584 20,225 13.062 3.620 23,269 32,000 7,693 14.862 37,745 20,000 22123 13.333 14,121 11,126 35,652 141,398 57,469 31,691 14.242 19,751 13,062 3,620 22,724 40.794 7,513 14,514 36.860 16,960 5.305 32.452 14.584 13.062 3.620 23.269 32,000 7,693 14.862 37,745 20,000 Total 367 623 392 314 bl Other Charitable Aetlvltio$ Previous contributions to the National Pension Reserv¢ funds were returned as the fund is much healthier. Churches in the circuit had previously been refunded by the circuit so this replenishes our funds. Some final funds from the closure of woodside were reeeived. The Circuit Office acts as treasurer for Adel, St Andrew's Pudsey. F8rsley, & St Marks for which a charge is made. Youth is the cost of the 3geneTate weekend. Sales income represents bulk-buyinglreselling to churches for regular resources. 22
DLKwJn Etwek•)g ID: fjA8ADFOE-A16W15AB23.F68DE5437A81 Other Charitable Activitie5 P&nsion Reserve Fund Woodside Balanco Circuit Financ8 Su Youth Refund ol Surve for mans• sal8 Sales Income Pro er received into Circuit Control W8sI8 Road Balance Lower Wortle Balanc Acc85sibili Gr8nts Other Mi5C Gener8L CMTF D?81 23124Tolal 22123 4.914 2.500 ort 1.800 1.300 540 520 540 S20 615 126.984 20 1 162891 Total OtherTradlng A¢tl¥ltl•s The Hall ai Woodside had a tenant during 23124 until June. Some of the rental is still outstanding Incomefrom Lettings Woodside Hall General CMTF De$1 23124Total 22123 Tot•L Investments Inve5tmentS Interest Dividends General 19,992 CMTF 21 Rèstricted 100 23124 Total 22123 Total 100 Stlpends, Salarles, NIC & Penslons The Superintendent 8nd the other presbyteTS are considered Key Management personnel. The members ot the Circuit Meeting are the trustee5 of the charity. No employees received benefits of more than £60.000. There is no accrual lor holiday p8y as it is immateriaL Holiday? for ordalned staff ends 31 stAugAII stoff are paid ot or above the ijvingwage. Stipends were paid to 4 presbyters 8nd 1 Deacon who were all full time. Salaries were paid to 2 part time administrators11.4 E>. I part time Minister lives in a manse, dr8ws no s818ry and only claim8 travel & expenses. Most Qfdoined people Ore members of the Methodist Ministers. Pension Scheme IMMPSI. This 18 defined benefit scheme. The Connexion accounts tor this in the annual Methodist Church in Great Britian accounts. The MMPS is now in surplus. A defined contn'bution pension scheme in place for lay employees in line w¢th the Government guidelines on auto enroLment. Employers contrlbute 6% and employees from 2-6%. Rather than run multlple schemes, some churches moved their staff onto our payroll to share centr818dminlstralion. We currently deal with the poyroll and pensions for employees based at The Grove. St Andrgw's Pudsey. Hunslet. Adgl, F8rsley 8nd Hgadingley and pass the PByment on to Payroll for their costs. These salary figures are not in the accounts except in the "collectedlreceived IOT Other3" total and amounts to £58,178. 23
DwJsigTh Envelope ID.. 6A8ADFDE-A168401>A823-F68DE5437A81 Stipends, Sals, NIC, PÈnsions Ministers Sti ends Pension3 General CMTF Desl 23124TotaL 22123 148.104 39,059 14.306 970 921 148.104 39.059 137.333 36,218 13.206 880 1,643 NIC Com utersfor minist enses La Staff Salarie Pensions NIC 970 921 44,165 2,588 3,441 44.165 2.588 3,441 3,924 5,331 545 576 enses Admin Char retIceShI 576 984 255 114 576 984 255 114 le 811 eo le Tot8[ 266 076 District Assessment The Di8tri¢t Assessment is calculated ielative to the proportion of church members and ordainod staff ing levels acr0$5 all circuits in the Yorkshir& West District. The Methodist Church Fund is also calculated on the same basis and collected by the District to pass onto the Connexion. District Assessment DistrictAssessment Total Goneral CMTF Desi 23124Total 22123 10. Methodlstchurch Fund Methodist Church Fund Methodist Church Fund General CMTF Desl 23124Total 22123 TotaL Telephone & Travel The Circuit provides or pays for 1 broadband and phone connection for each ordained memberol staff. Where possible, this is provided directly to avoid a tax liabilityfoT the individual. but some are claimed through expenses. The office at Wesley Road also has phone and broadband. Travel is reimbursed at standard Inland Revenue rates. Telephone & Travel Ministars Tele honellnternet Travel Staff & Office T818 honellnteinet Travel General CMTF Desi 23124Total 22123 2,260 2.653 2,260 2.653 2.597 646 1.443 1.443 1,436 102 Total 24
DrKu5ign Envdope ID.. 6A8ADFDE41684015-A823.F68DE5437A81 12. Insurances and utility ¢o$ts The Circuit owns 7 manses to house their ministers. 1 houses a minister who does not receive a stipend but works on a'house for duty basis". The previous 8th property. Cross Flatts Avenue was sold during the year and Fraser Avenue is currently for sale as part of a replacement scheme. In5urance&Utility¢ost5 Gener81 Manses Insurance Water CouncilTax Gas & Electric CMTF De51 23124Total 22123 7,7dO 3,182 17.375 7.740 3.182 17,375 1.121 2.769 16,619 1.732 Total 13. Maintenane• on Manses £3000 per manse on average is budgeted yearly in the assessment for repairs but may not be equally used. Additionally, £30,000 is designated from reserves for more major repairs and quinquennialwork. Whitecote Hill had signili¢8nt Bathroom remedialworks. Becketts Park Drive required a new boiler and Chestnut Drive also required significant plumbinE repairs. Maintenance on Manses B8throom i rovements New Boiler Plumbin Re Gardenin Fencin & Gutters Ga51Elec Maintenance & Ins eetions Alarm Maintenance & Re Heatin Re airs Drain8 Electricalre Misc re airs Window& Door Maintenance & Re A liances re lacelre Car ets Other External re Roof Re airs Gar8 airs/demolition Internal Decoration ManseAd8 tatyons General 3,015 2.750 2,117 1,108 696 666 629 498 370 260 210 131 CMTF Desl 23124Total 3,015 2.750 2,117 1.108 696 666 629 498 370 260 210 131 22123 4.998 2.424 1,106 2.169 349 2.821 705 109 1,917 2,727 1.562 1,440 635 615 545 airs re Total 14. Churches under ¢ir¢uit trusteeship Lowerwortley Church Building is in the middle of the sales process. Woodside Church had a tenant in the hall until June 24. The site is nowto be sold. Wesley Road is being used by the circuit for office space and other activities and meetings. It is 800h owned by the Methodist Chur¢h and 20% by the Baptist denomination. Hunslet congregation has ceased to meet but the building is used by the community, and we employ a caretaker which the circuit has funded since June. The propertywill change to circuit trusteeship from 1 st Sept 24. 25
Docusign Envelope ID: 6A8ADFDE-A1684015-AB23-F68DE5437A81 Chur¢he5 under circuittrusteeship Utilities LW Insurance LW Other Maintenance LW Governance LW General CMTF Desi 2.318 8.188 90 1.939 23124Total 22123 1.683 7.942 Total Low¢rWortLgy 12.534 Utilities WR Insurance WR Other Maint8n8nce & Charges WR Totalwesley Ro8d 3,044 935 636 2,530 913 297 3,740 503 4.815 Utilittesws Insurance WS Other Naintenanee WS Governance & Legalws 11.739 10.226 783 2.481 20.237 Totalwoodside Oth8r Maintenance & Charges H 25.229 1.360 Hunslet Tot81 15. Provision for bad debts Provision foi bad & doubtful debts Loans to Churches Rentatarrears General 6,001 CMTF 0991 23124Total 6,001 22123 Total 16. Other Outgoings Connexional and property levies are taken from property sales on a sliding scale. Gov&rnance Cos15 includes church Imanse quinquennial inspections, suNeys, legal and audit fees. Admin represents office costs of printinE and purchases of maleriais as well as Safeguarding and website maintenance. Youth Is the cost of the 3 Generate weekend. Preaching expenses are travel expenses and, where applicable, the Set fee due to supernumerary minister preaching appointrnents. Citizens is the fee to be part of this charity that works for improvements in Society. The Grove is an on-going charge for the use of spaces in their carpark. Bank charges- During the yearthe circuit paid TMCP, the custodians of the circuit'5 investments, management charges based on the value of the Individual funds at the beginning of the year. CAF bank also charges a monthly fee. Benevolence Payments are discretionary funds to relieve hardship. paid to individuals or ¢harities who are in need. Up to 1.5% of th$ general balance may be usod if required. Purchase costs are the bulk purchasing of items for churches. OtherOutgoing5 Connexional& Pro Governance Admin Youth Ex enses Preaching Expenses Citizens Trainin ¢ourse5 & resources The Grove 83nk Char es 8enevolence Pa Other Mls¢ Occu 8tion81 Health Purch2se costs Tech Re airlPurchases G8neraL CMTF 112,926 7.685 De$[ 23124 Total 112926 38,430 5.782 3.840 2.493 2.000 1.189 1,000 836 590 109 22123 er levie5 19,252 5.782 3.840 2,493 2,000 1,189 1,000 547 590 109 3.480 2,006 318 1.000 429 160 170 2.365 415 110 290 ments Total 120 901 169 195 26
Oocusign Envdope ID.. 6A8ADFDE-A168401&A823.F68DE5437A81 17. Grants & Donations When a grant has been agreed. g provision Is made for its payment if not paid immediately. A grant was made towards a Youth worker based at Trinity Methodist Church over 3 years1£10,000 x31 Grants and Donation5 General Grant5 a r88d for future 30,000 Newwhin ate 9,500 H de Park 3,000 Stmark's 490 Adel StAndrew's. Be8Ston Headin Rodle CMTF Desl 23124Total 30.000 9,500 3.000 490 22123 50,000 ears 10,000 10.000 5.000 1,000 Total Previousl reed Cha Lainc Yr1 Meanwood- InterActYr 7 H de Park rants aid Gen•ral 10.000 10.000 CMTF Desl 23124Total 10,000 10,000 22123 10,000 Total 18. Dl¥tri¢i Advance Fund The District Advance Fund is financed by a levy to support District grants to projects. It is calculated on all circuits on their CMTF account ba18nce as at 31st Aug in previous accountingyear. It is a sliding scale from 2.5% to 7.5% Contribution5 to District Adv Fund DistrictAdvance Fund General CMTF Desl 23124Total 22123 Total 19. Transtersladjustments Transfersladjusiments M(Nernentbelw8enaccounts Restrl¢ted 590 23124Totsl 22123 121 613 121 613 20. Investment galn$ Investment gains Gainlloss on value of Fixed Assers Gainlloss on valu8 of unittrusts General CMTF Desi 23124Total 100,000 22123 100.000 13.382 113382 7,640 TotaL 21. Property and Inv¥stments The circuit owns 7 manses.. 6 are occupied by staff. and 1 is for sale. 3 church buildings are in circuit trusteeship. These are shown at estimated sale ¢ost. (TMCP is the legal owner and custodian trustee of all methodist church property and will deduct a levy upon most sales. Equities are regarded 88 medium or long-term investments. 27
Docusign Envelrye ID.. 6A8ADFDe-Al4o1823.F680E5437A8l Property & Investments 4 Che5tnutAve LS16 Manse 33 Becketts Park Dr LS6 3PD Inv Pro 7 Fraser Avenue LS18 SEA Manse 15 Edward CLose LS28 7FG Manse 54Whitec(rte Hill LS13 2HU Manse 36 CrossllattsAve. LS11 7BG Manse 6 Swallow Close LS12 3TH Manse 10 Salamanca Cres LS104GJ Manse Manse Subtotal Lower Wortle MethodlstChur¢h Wesle Road Cha el 80% Methodlst Woodside Methodistchurch Churches under CircuitTrusteeshi Total Pro er General 236,891 233.720 300,000 310,000 CMTF Desi 23124Total 236,891 233 720 300,000 310,000 320,000 22123 236 891 233.720 300,000 310,000 320.000 250,000 320,000 279,995 2.250.606 250,000 240,000 500.000 990,000 3,240.606 149716 98,750 248 466 3 489 072 320,000 279.995 2.000.606 250,000 240,000 500.000 990.000 2.990 606 136.097 320,000 279,995 2.000.606 250.000 240,000 500,000 990 000 2,990,606 136,097 106,390 242 487 3 233 093 TMCPWR E uities TMCP CMtF E uities Investments Subtotal Total Flxed a55et5 106,390 106 390 106 390 136 097 3 126 703 Debtors and prepayments All sums shown as debtors in 22123 were received in the following year. Except for a £6000 loan to Cottingley Chur¢h in 20121 which is still outstandlng. All sums paid in advance at 23124 were for activities in 24125. Debtors & Prepayments Sti ends Collin le RentalarreaTS Provlsionfor bad debts GeneraL 17.065 6,001 17.652 23.653 CMTF Desi 23124TotaL 17,065 6,001 17,652 22123 16,777 6.001 see note 15 Tot8L 23. Creditors and accruals All sums accrued in 23124 will be paid in 24125 unless indicated. Creditors and Accruals Assessment Audit Fee 23124 Audit Fee 22123 outstandin General CMTF De$1 23124TotaL 86,989 13,200 22123 70.810 86,989 13.200 Total 104 209 104 209 24. Agreed Grants<1 yr reed Granls <1 Yr 30,000 20,000 25. Agreed Grants > 1 yr eed Grants >1 Yr Tot81 204 209 28
Docusign Envelope ID.. 6A8ADFDEA168401SA82&F680E5437A81 26. Howfunds are held Monetary Balances held at the CF8 and at the CAF bank are all available on demand without Ioss of interest. The split of these balances across the funds is arbitrary but wherever possible balances are not shown 83 negative. The funds that support the CSrcuit Model Tru3t Fund are held by TMCP in the Trustees Intertsst and interest is credited to the account regularly (along with dividends from the Equity funds shown in investments abovel. Howlunds are held General 619 CMTF De51 Restricted 23124Total 619 3,646 2.010 22123 34 2.837 2,500 5.371 377,817 163 53,6 TMCP WR TIF TMCP CMTFTrusrees Investment Fund TMCP Waters TIF 3,646 2,010 TMCPSubtotal CFB Account 619 516.441 253 61.630 672 95,682 612.123 253 61,630 672 Cash CAF BankCurr8ntAccount CAF BankDebitCard Account Cash èt bankand rn h8nd Totsl 579616 680 955 27. Paym¥nts to Trustees Expense payments primarily relate to local preaching expenses, travel and staff costs Paymentto Trustees end 8nd salaries less char es Other Payments made to trustees General 253 $54 1.626 255,180 CMTF Desl 23124Toial 253.554 1.626 255,180 22123 264 476 1.505 265,980 Total No. of trustees who vlere pai(J Nature of the ex enses Expense payments primarily relate loc81 preachin and travel costs apart from $t8ff costs 28. Fees for audit of accounts Fees tor eKarnirtation/audit of account: Audit Fe8 22 23 General CMTF De$lg 23124TotaL 2,800 22123 12,500 2.800 13,200 16,000 Total 16,000 12,600 29. Collected and passed to others The Circuit acted as Agent either in the collection or lacilitation of the monies below 8nd they do not form part of the Circuit's accounts. Related partytransaction has been paid on and logged as received directly from the church. Collected and pÈssed tts others Church Salaries Purchases on behalf of churches Closin 8als to LEP artners Leavin Received and assed to others Received for related partias 23124Ttstè 58,178 22,986 22123 66.272 14,138 58,529 167 1,642 5,699 320 TotaL 29
111 11 11 Kiii 111
IINIIIIII lii'lli-.1l. pj
OoGu51gn Envelope ID.. 6A8ADFDE-A1684015-AB23-F68DE5437A81 Leeds South & West Circult DECLARATIONS Treasurer l confirm thatthese accrual based accountsforthe year ended 31 SiALJg2024 have been prepared from the records of the Circuit anrl thatthey include allfunds under the controlof the CircultMeetin& Signature olTreasurer Date Is I"112L Name ofTreasurer Miss H C Boo¢ock Address 22 8urnettRise, Queensbury, Bradford, Westyorkshire, BD13 2DX Presemation to the Clrcuit Meetlnrt for approval. I confirm thatthe accountsfor the year ended 31 Aug 2024 were pre¥ented tothe Circuit Meeting at its meetingon 1719 IL4 end were approved. Signature ofthe Chair of the meeting Name of the Chair of the meeting RevJo Lightowlor Dete Ic/? /2 32
Docusign Envelope ID.. 6A8ADFDE-A1684015-A823-F680E5437A81 S1 We¢ Methodlst Circuit Leeds South & West Methodist Circuit endices A. Trustees of the Charity B. Reserves Policy C. Last year's SOFA and Balance sheet 33
Docusign Envelope ID.- eA8ADFDE-A1684015.AB23-F68DE5437A81 34
Oocu5ign Enval(pe ID.. 6A8ADFOE-A168401S-A923.F68DE5437A81 Leed5 South and We$1 27101 AppendixA Constltution of the Circuit Meeting 5.0. 510 lil Circuit Mlnisters Revd Jo Lighlowler Revd Pete Brazier Revd Mo Onyett Dea¢on Guy Austin-Bride Revd Rach W8rd Supernum8rarlg$ who hav¥ chosen to b¢trusiees Revd Madeline Andrews Revd Peter Reasbeck Clr¢utt Stewards Miss Anne Jackson Mrstuart Westerman Mr Philip Maud Miss Audreywilks Mr Peter Cordwell Mrs Elizabeih Smith Mrs Kirsty Butler Mr Edmund Linfielil Dr Rob Moore S.0. 5101111 Residing in the Clreult Revd David Goodall (District role non-voting rnembe¥l Revd Keith Hunt Inon-slipendiary rninisterl Revd Tim Nicho115 (District rol81 S.0. 510 livl Lay employee$ Mis5 Cathy Booco¢k (Treasurer) Mrs ErS¢a Hartley ICM Se¢) l& S.0. 510 vl Mrs Janet Taylor Isee ol Loc81 Preachers, & Worshlp Leaders. Meetingl S.0. 510 Iv51 &viiil Church Representatives and Office hoLder$ From each church. 1 church steward 1 church treasurer. 1 church Tep orwhere the presence of th8 $8nlor eWard. treasurer and on8 Other representative does not provide three representatives to the Circuit Meetingfrom the local church legwhere the role of treasurer Is fulfi'lled by circuit proiysion, or where the treasurer 1$ also seniorstewardl. additional preSentativeS to bringthe local church representatives to a maximum of three may be appointeLI. Church S.0. 510 Ivil St8waTd- S.0 $10 Ivlil Mrs Michelle Rock Mr Roy Sheard Mr Paul Met¢alfe Mi$$ Elizabeth Bpetham Mrs Linda Kellett Mrs Carol Hoyle Dr Stephen Humphris Mr Aidan Jewitt Mrs 88rbara Hartley Mrs Jackie Hillyard Mr Brian Draper Mr John Uren Mrs Elizabeth Smith Mrs Dorothy Stefanidis Mrs Susan Hogarth Mrs MargaretTate Mrs J8net Taylor" Treasurer S.0 510 Ivlil Miss Cathy Boocock Mrs Carol Normanton Rep S.0 510 Ivllll Va¢ant Mrs Pauline Poacock Mrs Victoria Rose Mrs Jean Gosling Mr John Pro¢ter Mrs Ann Bailey Mrs Chrlstlne Andrews Mrs Andrea Evers Mr lan Hartley Mrs Sharon Bro¢ksom Mrs Glynis Clarke vacant Adel Beeston Hill Central Cookridge Farsley The Grove Mrs Margaret Met¢alle Mrs Linda Stoiey Miss Cathy Boocock Mr Paul Thomp50n Prof Gordon Andrews Mr Fred Jewitt Mr5 Caroline Mason Mr Simon Brocksom Mr Keith Harrison Mr Brian Thornton Mr John Goacher Mrs Helen Ingleby Miss Caihy 8oocock* Mrs Carol Simpson Mr Stuart Pedder Mr Emmanuel Oikelome Mrs Helen Raw+ Miss Sophie Lockwood Mrs Frances Wood Mr David Wood +Representative in Ireu of Tre8surer Headingley Highlield Hunslet Hyde Park Newwhingate Rodley StAndrew's. Beeston StAndrew's Pudsey Stjohn, St M8rk's Trinity, Bramley Duplication of trustee S.0. 510 Ilxl Additional person$ ¢o-opted to adequately represent allarea5 of the Life of the Clreuit- to be reviewed annuaLLy-non$ at present M8thodl8t StattdlngOtd•r010Quatift¢ationlor appolntmvnt ¥tates'.121iill no person who h8s b&En convicted of or has reteivÈd 2 Sitnple or condition81 c8ution from the police concerningan offence undertheSeKualOffencesA¢t 2003 or tnentioned in Schedulo 15 10 the CrimlnalJusticeAct 2003 orwho isth& 8ublect ora risk as$8ssrnent underSi8ndin8 Order 237 as a result of which the Safe8uarding Cotnrnittee coneludes thai he or she presBnt8 a significgni risk of 8erSous hami to ohildren. younE peopl? orvulnerable adult5 5haU be appointed or re-appointedtL>any office, post or r88ponsibilityor engaged or re-engagèd under anycontraet towhKh ihis sub-clause applies unless authorityfor th8 appolntment or employmenth88 baan obtÈinBd underC18use151 below. Isee CPDI 35
Docu$lon Envelope ID.. 6A8ADFDE-A1684015-AB23-F68DE5437A81 Appendix B Methodlst Circuit RESERVES POLICY of Leeds South & West Methodist Circuit ('Church CouncIl/C¥rCUlt MeetingrfiDistrSctE]} Unrestricted Funds held al YIE 3110812024 (includes Circuit Model Trust Funds and excludes Property £ 528,569 Gen {inc Equities) £ 95.682 Designated £ 110036CMTF £ 734 287 Total Restricted Funds held £ 2010 Endowment Funds held £ nil Reserves olic for General Fund$ and CMTF Aims (11 To secure and sustain the Circuiys viability and future (21 To cary out ils mission strategy (3) To give reassurance to the general public Ihal the Circuit. which Is a oharSly, intends lo use all the resources in its care for the purposes of the charity Strategy Essentially the grouping provides for al The ministerial oversight and pastoral care of 17 churches, including 3 local ecumenical partnerships b) The support of a staff team of 5 Ministers, and 2 part time lay staff responsible for admin and finance. ) The maintenance and upkeep of 7 manses d) Mission Activilies and Fresh Expression projects e) Training and Development of all its people Q Financial provision for Churthes in difficulties g) Redundanl churches Flnancial Plans General Accounts Church Buildings under Circuit responsibility £ Circuit Model Trust Funds Unrestricted Funds Total 528 569 95 682 110 036 734 287 (plus Building Assets) Under Standing Orders, the Circuit must meet ils financial obligatlons In relatlon to the support of its staff team and the maintenance of its property. The Circuit Assessment Is revlewed annually and covers the cost of our permanent staff. We also make provision for our property maintenance programme by.. Design81ing £3,000 per annum on average lo maintain each manse within the assessment A further £30.000 (see below) is designated within reserves designated for anticipated Medium term expenditure, particularly in relation to Quinquennial Inspections. 36
Oowsign Envelope ID.. 6A8ADFDE-A1664015.AB23.F68DE5437A81 We are advised to hold up to Six month's General accounl expenditure in hand for emergencies and Ihis ha5 been set at £250,000. Circuit Model Trust lunre51ricted fund) £110 036 this fund is derived mainly from the sales of Chapels and manses and is used to 5VPPOrt the needs of the circuit. aloig with General Fund, as outlined in the totals below. Fund have also been set aside to support the additional church buildings which have passed to circuit control and to help 50cielies as they close or merge together. In summary, the Circuit has agreed the following designations lo our finances across both the General & CMTF funds. £ 250,000 6 month's Expenditure £ 30,000 Property Maintenance plan £ 60.ODO Church Contingency fund lor ergenCIes. asse5sinent non-p8yinent £ 95.682 Closurelmerger of socielie5 and churches buildings passed to circuit oversight. £ 10.000 Training, Resource5 and youthwork £ 21.000 statutory redvnd8ncy costs in case of emergency £ 118 346 Granls support to churches, Circuit Mission and outreach. Eco projects or as cashflow to help replacement manse project as neeed £ 42,000 Property Officer £ 107 258 to meet the 8ssessrnent deficit. £ 734.287 (total of General, De5ign?ted and Model Trust) Ainounts already recognised in the circuit accounts and provisions made outside of this policy £100.000 for future Grant5 to Churches]Charilies already agreed. As redundant propwty is sold, the funds will be used in accordance with the circuit financial framework document to invest in our remzining church and circJJit rni5sion and maintenance plans Benevolence PolKy The Superintendent andlor CL T to be authorised to respond lo crisis situations with indivKluals. as necessary, up lo 1.5% of our cash resources as listed above and would come from (Jjf crisi5 budg2t IGenlModel Trust). 5. Polic lor Restricted Funds £2,010 foi yOLrth work. with an emphasis on helping children participate in music 8r)d w(X5hip. Terms relatin None held to End0meTht Funds held This Reserve5 Policy has been approved by Leeds South & West Methodist Circuit ('Chufch CouneiiE]I Clrcuit Meotlng rfIDislrid]I Treasurer Full name Miss HeleT7 C Boocock Signature Trustee Full Name Rev Jo Lighlowler Signature 37
Docusgn Envebpe ID.. 6A8ADFDE-A1684015A823-F68DE5437A81 Leeds South & West Methodist Circuit Statement of Financial Activities to 31 st Aug 2023 Appendix C 22123 21122 Income Donations & Legacies Charitable A¢tSvltles AsSeSsrrnts from Churches Other Charitable Activrtie$ Other Trading A¢tlvitles InGome from Lellings Investments 343 392,314 12,732 392,314 1,162,891 412,017 23,700 147.660 2,500 10,466 4,786 14,849 3,120 17,969 Total Ineome Ex enditure Stipends, Sals, NIG, Pensions District Assessment Methodist Church Fund Telephone & Travel Insurance & Utility costs Maintenance on Manses Expenditure on Ciiciiil Churches Other Outgoings Grants and Donations District Advan¢e Fund Total Charitable expendlture Net IncomelExp before galnllos 266,076 14,255 72,309 4,781 28.281 24,124 266,076 14,266 72,309 4,781 28,281 24,124 36,656 36,343 76,000 2,919 302,724 14,676 73,432 8,066 24,661 19,053 1111 36,655 36,034 76,0 309 116,354 44,977 3,237 2,919 Transfers been Funds 2,311 2,3111 GainlLoss on fixed assets GainlLoss on investment assets Net movement in Funds Balances brought forward TOTAL Funds carried forward 179,964 6,913 18,326 2,763,476 2,781,B02 3,457 -102,771 422.811 320,040 7,837 994,936 2,781,802 3,776,738 990,000 2.250,606 3.240,606 6,799 108.386 101,587 112,006 2,500 112,006 2,600 Monies receDJed for others Monies passed on lo others 139,425 139,425 87,451 87,451 38
Do¢usign Envelope ID.. 6A8ADFDE.A168401&AB23.F68DE5437A81 Leeds South & West Methodist Circuit Balance Sheet as at 31 st Aug 2023 Unreslri¢te Appendix C 22123 21122 Fixed Asse5ts Circuit Manses & E Churches Investnt Pro rties Inveslrnents TMCP ment 2 157118 990 (MJO 93 488 149716 3 390 322 2157118 990 000 93,488 248 456 3 489 072 2 363 736 Current Assets Debtois & Pre ments Loans b the Circuit Tiustee lor Methodist Pur C8ntral Finan Eoard Cash 21 bank and ITr hand oses 34 265812 55.010 343 634 1120D5 377817 477 861 112005 460 976 Creditois Grants due under 1 reed <1 Year Net current aSsets/liabilities ear 83310 20 OCN) 240 324 93,045 20 000 357 666 1121K)5 428 067 3 630 646 roral asseis le$$ current liabilities [[,.1 101 687 112006 3 846 738 2 781 802 Creditors and Accruals > 1 Grants a reed >1 Year ear 3 660 646 101 687 11200S 3 776.738 2 781802 Funds ol the Circuit General Fund un[estred Circuit Model Trust Fund Unrestricted Desi nated Funds Uniestii¢ted roral Unresirlot¢dFunds Reslricled Funds 3 560 646 3 560 646 101 587 112.005 3 774 238 2673417 108386 101587 2 781 802 3 560 646 101687 112006 3 776 738 2 781 802 39