# **Trustees’ Annual Report and Financial Statement** 

**Year Ending 31[st] August 2020** 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **1 Objectives and activities** 

The Trustees form the District Executive (District Policy Committee - DPC) and meet at least quarterly to consider our objectives and to plan our activities. The District Synod, under the leadership of the District Trustees, meets twice each year and recognises the Charity Commissioners’ general guidance on public benefit and conforms to the Charities Act 2011. 

Our primary purpose is to advance the mission of the Church in the region, by supporting the Circuits by providing opportunities to work together and by offering resources of finance, personnel and expertise that may not be available locally. Our mission is to be a powerful spiritual influence in the District and a visible expression of God’s inclusive love. We aim to achieve this by encouraging the worship, social, and outreach activities and by seeking new ways to extend to others the fellowship of the Church family. In a time of pandemic and lockdown we have sought to remind the circuits of the resources they already have and have encouraged and supported the churches and circuits to be flexible in their outreach particularly in terms of digital presence and engagement during lockdown. We are offering support to circuits as the Church begins to emerge from a sustained lockdown. 

## **2 Achievements and performance** 

In furtherance of these aims the District has this year: 

- Drawn together representatives of the circuits responsible for the deployment of ministry resources, finance, property, leadership and oversight to enable them to learn from and support each other principally by zoom. 

- Provided training for the above people relevant to their posts and responsibilities. 

- Provided consultancy for the above people through district officers. 

- Pursued a sustained Safeguarding training programme for those in leadership in churches and circuits which has moved online for the present. 

- Paid grants of £183,150 to circuits and churches in support of mission projects and property schemes with a clear priority for mission. 

- Committed £329,800 to be paid in under 12 months to provide financial support of projects including £181,500 towards property schemes. 

- Committed £191,600 for future years where a satisfactory monitoring and evaluation report has been received. 

- Made grants to ministers and lay people engaging in training relevant to their role in the church. 

- • Supported 2 candidates for ordained presbyteral ministry who were successful in their candidature and who will enter initial ministerial training in the autumn 

- Supported 6 probationer ministers in the early years of their ministry and moving to ordination 

- Been closely involved in the development of regional co-operation with neighbouring Districts especially as regards sharing of resources. 

- Begun work on two New Places for New People Projects in two separate Circuits. 

- Identified 3 new lay pioneers and encouraged them to join the Pioneer training Pathway. 

- Filled all vacant ministerial vacancies. 

2 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **3 Financial review** 

During the year, the District received total income of £505k (2018-19: £493k) and dispersed £301k (2018-19: £682k). 

The effects of the Covid-19 pandemic were significant from March 2020 and resulted in considerable cost savings due to the restrictions on travel and meetings. In addition, the circuits and churches postponed some of their intended projects which caused a reduction in applications for grants. 

The trustees of the District have every reason to believe that the District is a going concern, principally because Circuits continue to meet their assessments and the District has adequate funds in the District Advance Fund to cover a shortfall in anticipated income.  There are no subsidiary undertakings. Trustees do not foresee any factors that will significantly affect the financial performance or position in the next year or two. 

The District has the following principal sources of funds: 

- Interest on investments 

- Levies on the Circuit Model Trust Funds of Circuits within the District 

- Contribution from the Connexional Advance and Property Fund 

- Assessments on Circuits within the District 

These sums are used to administer the District and to provide grants to Circuits, Churches and individuals in the District so that they may embark on, or continue with, projects that fulfil the mission of the District by bringing more people to Christ or by providing facilities that might enable this to happen. 

## **3.1 Investment Policy and Performance** 

To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes (TMCP).  TMCP acts as custodian trustee for all real estate held by Districts and for all large (over £20k) bequests and for the proceeds of sale of any property formerly owned by the District.  These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FTSE100 index.  The deposit income mirrors the deposit rates available elsewhere. The investment policy of the Northampton District is aligned with that of the Central Finance Board (CFB) and TMCP because these organisations take into consideration the social, environmental and ethical considerations, both negatively and positively, that make investments suitable for the Methodist Church. 

Short term deposits are lodged directly with the CFB and attract good rates of interest. 

There are no bench marks for the expected returns or appreciation on investments at TMCP and CFB. It is the District’s policy to manage the cash and investment resources of the District so that a rate of return on investment – both by way of dividend and capital appreciation – is obtained at least as good as market rate considering the District’s low appetite for risk. 

## **3.2 Reserves level and policy** 

Although grants are made annually out of the District Advance Fund (DAF), it is recognised that some grants will be paid by annual instalments.  The trustees ensure that there is sufficient in the DAF to meet these instalments and the trustees recognise future approved grants as liabilities on the balance sheet. 

3 



## NORTHAMPTON METHODIST DISTRICT 

## Year ended 31 August 2020 

Excluding the value of the manses, the reserves held in the General Fund at 31.08.20 are £37,799 (£9,289 at 31.08.19). This is 89% more than the sum stated in our Reserves Policy and is a result of the Covid-19 pandemic causing a significant reduction in our expenditure. 

The reserves held at the end of the year were as follows: 

|rves held at the end of the year were as follows:|||
|---|---|---|
||£|£|
|_Unrestricted funds_|||
|General Fund|589,799||
|District Advance Fund|178,891||
|||768,780|
|_Designated funds_|||
|Manse Fund|13,764||
|Training Fund|7,547||
|Education and Youth|554||
|||21,865|
|Total unrestricted funds (including designated)||**790,645**|
|_Restricted funds_|||
|Local Preachers Fund|12,009||
|Ministerial Training Fund|8,154||
|Benevolence Fund|1,595||
|||21,759|
|Total Funds||**812,404**|
|Total undesignated and unrestricted funds||790,645|
|Less invested in the manse||-552,000|
|Uncommitted reserves||**238,645**|



All funds are separately invested either with CFB or TMCP.  No money is directly invested in property, securities or other forms of investment. 

## **3.3 Collaborative arrangements with connected charities** 

The District’s main source of funding was the assessments obtained from each Circuit within the District based on the staffing levels of the Circuit and this was used to defray most of the cost of administering the District. This sum amounted to £157,000 (2018-19: £130,700). 

Each year the District is allocated a sum by the London Mission Fund (LMF).  In 2019-20 this amounted to £19,705 which was used to pay for, or contribute towards, the cost of certain activities within the District.  This sum is not remitted to the District and does not appear in the accounts of the District because the District acts as agent for the LMF.  Instead, the District nominates some grant applications which can be met by the LMF and passes these to the LMF so that the LMF can pay the grant directly to the grantee.  Grants were awarded to various projects in the District. 

The District also obtained from each Circuit with a reserve, known as a Circuit Model Trust Fund (CMTF), a levy based on the size of the Circuits’ CMTFs at the start of the connexional year (01 September).  In 2019-20 this sum was £223,608 and was credited to the District Advance Fund. 

The District holds no funds as custodian trustee. However, it does receive quarterly contributions from Circuits for the Methodist Church Fund (MCF).  These sums are collected as agent for the MCF and are passed to the MCF later in the same quarter.  Funds received by the District as agent are not recognised as an asset in the financial statements because the funds are not within its control.  No fee is earned in respect of this and the District incurs no cost through this arrangement. 

4 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **4 Trustees’ responsibilities** 

For each financial year ending on 31 August the Trustees are required to prepare financial statements that give a true and fair view of the District’s financial activities during the year and of its financial position at the end of the year.  In preparing these financial statements, the Trustees must: 

- select suitable accounting policies and apply them consistently using the accruals method 

- make judgements and estimates that are reasonable and prudent 

- follow applicable accounting standards 

- prepare accounts to comply with the Charities SORP 

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the District and enables them to ensure that the financial statements comply with the law.  They are also responsible for safeguarding the assets of the District and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the District’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

Training in the responsibilities of trustees is offered to all new trustees soon after their appointment. 

## **4.1 Risk** 

The District is largely risk averse but, especially in making grants to entities embarking on new and imaginative initiatives, the District is prepared to underwrite considered risks. 

Risks are managed by being aware of them, quantifying their impact not only in cost terms but in possible reputational or structural damage, laying them off through an insurer and minimising them by not taking them or by setting up control systems that timeously report any significant change in the risk. 

The Trustees have examined the major strategic business and operational risks which the Charity faces, and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to monitor these risks. 

## **5 Structure, governance and management** 

The District is an unincorporated association and is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charity Commission on 26 June 2009. 

## **5.1 Structure** 

Circuits are the coordinating charities for local groups of Churches and they pay the stipends of the ministers and employ lay staff to serve the Churches in the Circuit. Most decisions are made at, or ratified by, the regular Circuit Meetings.  A District is the coordinating charity for a group of contiguous Circuits and makes its decisions at the half yearly synods.  The Methodist Conference meets once each year as the supreme denominational body for all Methodist Churches. 

1. Overall regulatory authority rests with the Methodist Conference. 

2. The connexional offices implement decisions made by Conference and are also responsible for the stationing of presbyters and deacons (collectively known as ministers) in individual Circuits within the District. 

3. Connexional decisions are passed to the Chair of the District and the appropriate officers of the District for implementation. 

5 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

4. The District passes control down to Circuit level for local implementation by the Superintendent Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meeting for certain matters. 

5. The Circuit Meeting passes regulatory control down to Church Councils for local implementation by the presbyter, the Church Stewards, and other officers, and this regulatory authority is then exercised by Church Councils as Managing Trustees of their charity. 

## **5.2 Purpose of the District** 

The District is an expression, over a wider geographical area than any Circuit, of the Connexional character of the Church. 

The purposes of the Methodist Church are, and shall be deemed to have been since the date of the union, the advancement of: 

- a. the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church 

- b. any charitable purposes for the time being of any connexional, District, Circuit, local or other organisation of the Methodist Church 

- c. any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church 

- d. any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church. 

The primary purpose of this District is to advance the mission of the Church in Northamptonshire, Buckinghamshire, Leicestershire and Oxfordshire together with parts of several adjoining counties. This is achieved by 

- providing opportunities for Circuits to work together and support each other 

- offering to Circuits resources of finance, personnel and expertise. 

The District serves the Local Churches and Circuits and the Conference in the support, deployment and oversight of the various ministries of the Church, and in programmes of training. 

## **5.3 Governance** 

The District operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders.  It relies on the connexional offices at 25 Marylebone Road, London NW1 5JR to provide guidance on changes that could affect the District. 

The members of the District Executive (DPC) are annually appointed by a vote of the Synod for a continuous term not normally exceeding six years.  The Chair of District is _ex officio_ chair of the District Executive.  When a position becomes vacant on the District Executive, nominations are invited from ministers and lay members of Circuits within the District. The Chair of the District then shares with nominees what the roles involve. If they wish to be considered for a role, their names and reasoned statements are taken to the District Executive and the District Synod for appointment.  Members may be either ministers or lay people attending Churches in the area covered by the District. 

The District Executive normally meets four times per year and deals with routine and exceptional matters.  It oversees the work of the Grants Committee, finance, property, the District office, the District manses, stationing, safeguarding, the work of the District Mission Enabler, authorisations to preside at communion and extensions to local preacher training. 

6 



Year ended 31 August 2020 

## NORTHAMPTON METHODIST DISTRICT 

## **5.4 Responsibilities of the District Executive (DPC)** 

- i to formulate and promote policies which will advance the mission of the Church in the Circuits and Local Churches and to supervise the use of resources of personnel, property and finance and to assist Local Churches and Circuits having exceptional problems 

- ii to encourage inter-Circuit and ecumenical co-operation 

- iii to act in an executive capacity in matters remitted to the Committee by the Synod 

- iv to keep within its purview all District concerns not dealt with elsewhere 

- v to contribute and respond to the development of Connexional policies as reflected in the work of the Conference and the Methodist Council, and to carry out its other responsibilities with any such development in mind 

- vi to be aware that the stipend of the Chair of the District is set – currently by reference to the change over a year in the Consumer Price Index and to the annual change in the Average Weekly Earnings Index – using a formula that was agreed by the Methodist Conference for all ministers within the Connexion 

- vii constantly to be aware of the public benefit guidance issued by the Charity Commission 

## **6 Reference and Administrative Details** 

## **6.1 Name of the charity** 

The Northampton District of the Methodist Church. 

## **6.2 Charity registration number** 

1130373, registered in England and Wales 

## **6.3 Principal Office** 

District Office Bouverie Court 6 The Lakes Bedford Road Northampton NN4 7YD 

Tel: 01604 630128 E-mail: northampton.distoffice@gmail.com 

Web-site: www.northamptonmethodist district.org.uk 

## **6.4 Chair of the District** 

Revd. Canon Helen Cameron 

## **6.5 Secretary of the Synod** 

Revd. Alan Bolton (Presbyteral) Mr Derek Beaumont (Representative) 

## **6.6 Assistant Secretary of the Synod** 

Mrs Sue Bayliss 

7 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **6.7 District Treasurer** 

## Mr Andrew Lewis 

## **6.8 Names of trustees** 

The following served as trustees during the year 2019-20 or were trustees at the time of this report being approved: 

Revd. Canon Helen Cameron (Chair) Revd. Alan Bolton (Presbyteral Synod Secretary) Mrs Sue Bayliss (Secretary and Assistant Synod Secretary) Mr Andrew Lewis (Treasurer) Mr Chris Linford (Property Secretary) Revd. Jill Marsh (District Mission Enabler) Revd. Andy Fyall (Ecumenical Officer) Revd. Novette Headley (Methodist Council Representative) Mr Derek Beaumont (Representative Synod Secretary) Mr David Sparks to 31 July 2020 Mrs Wendy Curtis to 31 July 2020 Revd. Martin Wellings to 31 July 2020 Revd. Kim Shorley Revd. Romeo Pedro Deacon Richard Goldstraw Revd. Dawn Saunders from 16 August 2019 to 31 July 2020 Revd. Andrew Farrington from 01 May 2020 Revd. Rose Westwood from 21 August 2020 Mr James Blackhall from 21 August 2020 Ms Janet Hinds from 21 August 2020 Mr Charles Levitt from 21 August 2020 

The Managing Trustees for the District are the members of the District Executive (DPC). No trustee claims exemption from disclosure of his or her name here. 

## **6.9 Bankers** 

TSB Bank plc Central Finance Board of the Methodist Church Town Hall Square 9 Bonhill Street 17 Horsefair Street London Leicester EC2A 4PE LE1 5PD 

## **6.10 Investment managers and custodian trustees** 

Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ 

8 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **6.11 Independent Examiner** 

Mr David Briscoe 11 De Montfort Road Hinckley Leicestershire LE10 1LQ 

## **Approvals** 

The Trustees’ Report and the Financial Statements were approved by the District Executive Committee on 14 June 2021. 

Signed on behalf of the District Executive Committee 



Revd. Canon Helen D. Cameron District Chair Date: 14 June 2021 

Andrew Lewis District Treasurer Date: 14 June 2021 

9 



NORTHAMPTON METHODIST DISTRICT
Year ended 31 August 2020
Statem•nt of Flnanclal Actlvltl•$ (SOFA) for lh• yoar onded 31 August 2020
Dlstrkt Lkn•lgnat•d
Athfane•
Funds
O•n•rnl Fund
Fund
lunrn•trkt•d R•*trlct•d Endawrn•nt Total
•¢¢ounts IUnrn•td¢t•dl IUnr•¥¢rfd•dl
Funds
Fund¥
201940
Ilot•% to
Income from
1 Oonations and 18gxies
2 conne￿on* AdvaThc• & ProF4rty FuThl
3 IrKorne frcrfn investmnts
kncorne ch•fft*le •ctkdt1•5
4 Assossmonts on ¢lirJilS
5 Frw Circuit Flodol Trust Fmds
6 ContritAJlion to Ih• cost of th• C￿"r
7 0lh8r tharilabla actMti8s
8 IrKomè frcrfn other tr•thng athitses
9 Olh•r irKom8
38,747
432
38,747
703
174
158
157.000
1W,000
2ZJ,608
40,825
223.608
40.825
2.1
200.708
35.U)O
35,526
37,180
0 $05,196
268,788
174
Expondftum
9 Grnnts and don#￿1)ng
98 Grnnls and dorooons kn 202￿21
* Grnnls and dOr￿￿"on8 8￿r 202fy21
10 Sakri8s and assockgtsd costs
11 Cost Oft￿ Char
12 Property MaintenwK*
13 Offic• •xpen¥es
14 S￿d¥. committees, Confenne•
15 TrninirvJ
16 Prof8ssbr4wl 1088
17 Olhw fMJtgoing8
Tot*1 •xwndltur•
.216,350
197.1
31,100
416,350
200,777
56,100
138,360
44997
11,733
14376
4976
7,351
4.323
25.000
138.360
45,997
11.733
14.134
5.976
7.351
1,242
10
33.178
2S2A06
34948
301287
13,012
3S.770
Il•t In¢om•ll•Ap•ndllur•l b•lorn
galns and loss•s on Inv•slrn•nts
18 N8t g8ins1ll￿Se¥I on imiestmenl¥
Il•t Incom•ll•xp•ndltur•l
19 Tra￿ferS betsvaan funds
20 Olher gains1ll0s￿5I
N•t mov•m•nt In fund•
41.898
2SS.696
174
443
203.929
41.69B
80.207
255,696
.77,474
174
443
203,9
28,510
1n322
4,$59
443
203,929
Total lunds brought forwArd
Totsl fvnds lorwar
1289
589.799
24.424
21.865
608N7fj
012,404
1n,981
21.759
io

## NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 


The financial statements were approved by the Trustees on 14[th] June 2021. 



Signed: 

Revd. Canon Helen D. Cameron District Chair 

Andrew Lewis District Treasurer 

11 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **1 Accounting framework and accounting policies** 

## **i Accounting framework** 

The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 version of _Accounting and Reporting by Charities: Statement of Recommended Practice (SORP)_ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) – (the Charities SORP (FRS 102) as amended by Update Bulletin 1) – in replacement for the SORP’s 2005 version specified in its related 2008 Regulations and in accordance with the “true and fair override” provision contained therein. 

## **ii Public benefit entity** 

The Northampton Methodist District 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 notes below. 

## **iii Basis** 

These accounts have been based on historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the District’s financial position and activities. 

## **iv Content** 

The financial information presented is relevant, reliable, comparable and complete.  Where estimates are used, these are based on experience, research and judgement.  The accounts are expressed in £Sterling, rounded to the nearest pound. 

## **v Going concern** 

Based on the monetary assets and human resources available at 31 August 2020, the trustees believe that the District is a going concern. 

## **vi  Consolidation** 

The District oversees the work of ministers and lay workers in Churches and Circuits within the District but does not have control over those Circuits or Churches, ministers or lay workers except in extreme circumstances, none of which were applicable.  For this reason, the financial statements of the Churches and Circuits within the District are not consolidated into these financial statements. 

## **vii Income recognition** 

Income is brought into account when it is more likely than not that the economic benefit of the income will accrue to the Northampton District. No attempt is made to measure the value of services donated by volunteers.  Details of how the contribution to the cost of the District Chair has been determined are in Note 3 and the same figure also appears in the Expenditure at Note 6. 

Individual amounts categorised as _Other income_ in the SOFA will be shown separately if they are considered material. 

The District acts as agent in three matters: 

- the collection of quarterly assessments from circuits which are paid to the Methodist Church Fund (MCF). 

- the payment of expenses of delegates from the District to the Methodist Conference. 

- • the collections taken at synod on behalf of the Methodist Ministers’ Children’s Relief Association and All We Can. 

12 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

In all these matters the transactions are not reflected in the SOFA because there is no obligation on the District to make up any shortfall in assessments from Circuits.  Sums received as Circuit assessments cannot be recognised as income in the District as they are the income of the MCF. 

In accordance with the Charities SORP (FRS 102), the time of volunteers is not recognised. 

## **viii Expenditure** 

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable.  Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the District to pay out resources. 

## **ix Grants** 

Grants are recognised annually only as and when any performance conditions attaching to the award are met, even when the award is for a recurrent grant over more than one year. All grants awarded for payment in future financial years are conditional on the Grants Committee being satisfied, based on progress reports from the grantee, that the grant's achievements to date justify the payment of further instalments of that grant.  Such commitments are noted as contingent liabilities and included within the District Advance Fund or other relevant designated fund in these accounts. 

## **x  VAT** 

Since the District is not VAT registered, all input VAT is charged with the expenses to which it refers. 

## **xi   Tangible fixed assets** 

These are capitalised if they can be used for more than one year, and individually cost at least £1,000.  The freehold property (291 Billing Road East) is shown in the accounts at 2015 deemed values, of which the land component is deemed to be £64,000.  The value of the manse purchased during the year 2017-18 (9 The Elms) is shown at the valuation figure provided at the time of purchase. The land component is deemed to be £58,000, being the difference between the valuation figure and the recommended building insurance figure. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material.  The property has been reviewed for impairment. 

## **xii Investments** 

The investments of the Northampton District are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees.  The valuations, 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. 

## **xiii Debtors and Creditors; Bank and Cash** 

Debtors are stated at the amounts owed to the District or prepaid.  Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or 

amount advanced to the District.  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 account balances are shown at the realisable values. 

13 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **xiv Loans** 

Where concessionary loans ( _i.e._ free of interest) are made to (or received by) the District to further its charitable purposes, and are repayable after more than one year, they are initially recognised at the amount paid [or received], with the carrying value adjusted in subsequent years to reflect repayments and any accrued interest, adjusted for any impairment, if necessary. 

Where there is objective evidence of impairment, an immediate impairment loss is recognised in the Statement of Financial Activities. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in the Statement of Financial Activities] 

## **xv Methodist Church Fund** 

The District acts as agent for the Methodist Church Fund (MCF) by collecting its assessments on Circuits and does not, therefore, include the assessments in the SOFA.  If a Circuit is late in paying its MCF assessment to the District but such sum is received before the quarterly transfer to the MCF, the amount paid late will be shown as a debtor in the District’s accounts. 

## **xvi Ministers’ manse costs** 

The District is required to provide accommodation for each Minister and his / her family. The District bears the cost of repairs, maintenance, building insurance, Council Tax and water charges. These costs are not shown separately as benefits-in-kind for Ministers as HMRC does not seek to tax these receipts in the hands of the Ministers. 

## **2 a) Assessment on Circuits** 

All Circuits (see list given below in this note) paid their assessments to the District and to the MCF during the year.  The assessment on Circuits is annually determined by an agreed formula. 

|1|Oxford|2|Wantage & Abingdon|
|---|---|---|---|
|3|Witney & Faringdon|4|Chipping Norton & Stow|
|5|Banbury|6|Buckingham, Bicester & Brackley|
|7|Leicester Trinity|9|Leicester West|
|10|Loughborough|11|Hinckley|
|12|Melton Mowbray|13|Northampton|
|14|Rugby & Daventry|15|Stamford|
|19|Kettering & Corby|20|Market Harborough|
|21|Peterborough|23|Nene Valley|
|26|Milton Keynes|27|High Wycombe|
|28|Amersham|29|Vale of Aylesbury|



## **b) Contribution to Methodist Church Fund (MCF)** 

In addition to the assessments on the Circuits to help defray the costs of running the District, the District acted as agent for the Methodist Church Fund which levied assessments on the Circuits in this District totalling £687,485 (2018-19: £659,447) all of which were collected or shown as debtors at the end of the year and paid over to the MCF in the year.  No balance was held at the end of the year; no fee is received for this service which is performed at nearly nil cost to the District.  These sums collected for and remitted to the MCF do not appear elsewhere in these financial statements. 

14 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **3 Cost of Chair and trustees** 

## **District Chair** 

The Chair of District chairs meetings of the District Executive Committee (District Policy Committee or DPC).  The members of the DPC are the trustees of the District.  The stipend, employer’s NIC and employer’s pension contributions of the Chair of District are paid by the Methodist Connexion. The Chair’s other costs are met mostly by the District. 

||2019-20|2018-19|
|---|---|---|
||£|£|
|Stipend of Chair of District, Revd. Canon Helen D. Cameron|31,065|30,298|
|Employer's National Insurance contributions|3,075|3,026|
|Employer's pension contributions|6,685|8,023|
|Chair's expenses (including travel costs)|2,689|6,167|
|Housing Costs (Insurance, Water and Council Tax)|2,482|2,864|
|**Total**|**45,997**|**50,378**|
|Stipend cost paid by the Connexion (see SOFA, line 6)|40,825|41,347|
|**Total Cost**|**5,172**|**9,031**|



Since the stipend-related costs above (£40,825) are borne by the Connexion, they appear both in the Income of the District and the Expenditure of the District (See Note 6).  It should be noted that the chair is required to occupy the District manse.  The manse is provided by the Northampton District and the District maintains the property. 

No accrual is made for the Chair’s entitlement to a sabbatical as her functions are undertaken by a Deputy Chair at minimal extra cost to the District. 

## **District Mission Enabler** 

The District Mission Enabler (DME) is employed by the District to concentrate exclusively on supporting and resourcing circuits and churches for their mission. All costs of employment are met by the District as follows: 

|mployment are met by the District as follows:||||
|---|---|---|---|
|||2019-20|2018-19|
|||£|£|
|Stipend of DME, Revd. Jill Marsh||27,207|26,523|
|Employer's National Insurance contributions||2,579|2,510|
|Employer's pension contributions||6,685|6,501|
|Miscellaneous||165|0|
|Housing Costs (Insurance, Water and Council Tax)||2,751|2,306|
||**Total**|**39,388**|**37,840**|
|DME's travel expenses||2,065|3,745|
|DME’s other expenses||737|3,149|
|**Total Cost**||**42,190**|**44,734**|



## **Payments to trustees** 

It is District policy to offer to reimburse members of the District Executive Committee and others involved in the administration of District affairs for expenditure properly incurred in carrying out their duties. The Chair of the District undertakes the primary executive role within the District.  Apart from the Chair of District and the District Mission Enabler, no member of the District Executive Committee was in receipt of any payment for work undertaken on behalf of the District, although certain travelling and administration costs were reimbursed whenever this was requested. 

15 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **4 Other income** 

The District does not undertake fundraising. 

The District Synod invited donations from the members of synod for All We Can.  The amount donated and paid over in the year was £506.70. 

## **5 Grants and donations and related support costs** 

Grants and donations totalling £194,124 were made during the year (2018-19: £325,607). 

||2019-20|2018-19|
|---|---|---|
||£|£|
|From District Advance Fund for Mission and Ministry|101,150|193,695|
|From District Advance Fund for the DME|46,000|45,000|
|From District Advance Fund for Safeguarding|12,000|20,000|
|From District Advance Fund for Property|24,000|58,512|
|Ecumenical Sponsorship|10,974|8,400|
|**Total**|**194,124**|**325,607**|



|Grantspaid from DAF<br>Mission and Ministry<br>Property<br>Start UpGrants<br>**Total**<br>Less Grants committed at 31.08.19<br>**Total to SOFA**|2019-20|2018-19|
|---|---|---|
||£|£|
||84,000|173,950|
||24,000|58,512|
||2,650|2,495|
||**110,650**|**234,957**|
||327,000|282,712|
||**-216,350**|**-47,755**|



Details of the recipients of grants paid by the District during the year may be found on the District website: www.northamptonmethodistdistrict.org.uk/for-ministers-and-office-holders/finance/ 

## **Funds held for District Projects** 

|**Description**|**Balance**<br>**at**<br>**01.09.19**|**Balance**<br>**at**<br>**31.08.20**|**Increase**|
|---|---|---|---|
||£|£|£|
|General Fund||||
|Extending Discipleship Exploring Vocation (EDEV)|1,374|1,374|0|
|Training Officer/DevelopmentEnabler|8,076|6,876|-1,200|
|Bikes for Ghana|100|100|0|
|Young Leaders’Scheme|525|1,223|697|
|Together Mission|3,047|3,047|0|
|Trichy Visit|0|2,180|2,180|
|Schools ConsultancyWork|6,000|0|-6,000|
|**Totals – General Fund**|**19,122**|**14,800**|**-4,323**|



16 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

||Restricted Funds||||
|---|---|---|---|---|
||Overstone Chaplaincy|22,500|47,500|25,000|
||Young Leaders’Scheme Bursaries|0|8,000|8,000|
||**Totals – Restricted Fund2 **|**22,500**|**55,500**|**33,000**|



## **Expenditure on charitable activities through the District Advance Fund (DAF)** 

The DAF receives formulaically determined contributions from the Circuit Model Trust Funds held by Circuits within the District and redistributes the monies to grantees in the District through relevant grants as assessed by the District Finance and Grants Committee. 

The total income to the fund during 2019-20 was £274,788. 

The Grants Committee is aware that grant applications must demonstrate public benefit. 

## **6 Salaries and associated costs** 

Gross salaries paid to seven (2018-19: eight) part time employees were as follows: 

||2019-20|
|---|---|
||£|
|Gross pay|87,766|
|Employer's National Insurance contributions|5,538|
|Employer's pension contributions to defined contribution schemes|7,356|
|Payroll Costs including the Apprenticeship Levy|1,064|
|**Total costs of 7 staff**|**101,723**|
|Cost of District Mission Enabler (see Note 3)|36,637|
|**Total (excluding the Chair)**|**138,360**|
|Cost of Chair (see Note 3)|40,825|
|**Total staff costs**|**179,185**|
|Total weekly contractual hours for 7 staff|n/a|



No employees received employee benefits that totalled more than £60,000.  There is no accrual for holiday pay as it is immaterial; the holiday year ends on 31 August.  All staff are paid at or above the living wage. 

Two of the seven part-time employees were engaged exclusively in safeguarding matters, two provided administrative assistance at the District office and three were involved in the District Young Leaders’ Scheme. 

## **Pensions** 

Most ordained presbyters and deacons are members of the Methodist Ministers’ Pension Scheme (MMPS).  This is a defined benefit scheme.  The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deacons) are not employees of the Church.  For simplicity, however, when dealing with National Insurance Contributions and pension contributions, the terms ‘employer’ and ‘employee’ are used as they would be in an employing body. 

Lay employees are contractually employees and may join the Pensions Trust, NEST or some other arrangement. 

17 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **7 Property Maintenance** 

||2019-20|2018-19|
|---|---|---|
||£|£|
|Chair’s manse|10,409|8,124|
|DME’s Manse|1,324|1,490|
|**Total**|11,733|9,614|



## **8 Office expenses (General fund)** 

||2019-20|2018-19|
|---|---|---|
||**£**|**£**|
|Printing, postage and stationery|3,508|6,155|
|Telephone|1,985|2,258|
|Bouverie Court|8,640|8,640|
|Recruitment|0|1,434|
|Other|0|567|
|**Total charged to General Fund**|**14,134**|**19,054**|
|TMCP Charges|1,242|1,285|
|**Total**|**15,376**|**20,339**|



## **9 Synods, Committees, Conference** 

||2019-20|2018-19|
|---|---|---|
||£|£|
|Synods|1,485|3,316|
|Committees|4,491|7,967|
|**Total**|**5,976**|**11,283**|



## **10 Training** 

|**Training**||
|---|---|
||2019-20|
||£|
|Further Ministerial Training|3,927|
|Education and Youth|175|
|Young Leaders’ Scheme (excl. Salaries)|1,706|
|Development Expenses|1,200|
|Other Training|342|
|**Total charged to General Fund**|**7,351**|



18 



## NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **11 Other outgoings** 

|**Other outgoings**||
|---|---|
||2019-20|
||£|
|District Mission Enabler Costs (excl. Stipend) See Note 3.|5,553|
|Safeguarding Costs (excl. Salaries)|9,743|
|Ministers’ meetings (including Superintendents, new|6,228|
|ministers and District Retreat)||
|Ecumenical Sponsorship|10,974|
|Other District Office Costs|440|
|Independent Examination of Accounts|240|
|**Total charged to General Fund**|**33,178**|



## **12 Transfers between funds** 

The following transfers to the General Fund were made during 2018-19. 

|The followingtransfers to the General Fund were made during2018-19.||
|---|---|
||£|
|From the District Advance Fund to contribute to the funding of the<br>District Mission Enabler|46,000|
|From the District Advance Fund to contribute towards the increasing<br>cost of the SafeguardingTeam.|12,000|
|From the District Advance Fund to fund Ecumenical Subscriptions|10,974|
|From the District Advance Fund to fund the Young Leaders’Scheme.|14,500|
|To the DAF – repayment of fundingfor the Schools Work Project|-6,000|
|**Total from the District Advance Fund**|**77,474**|
|||
|From the designated Manse Repair Fund|2,733|
|**Total from Designated Funds**|**2,733**|



## **13 Manse and other property** 

||Land|Buildings|Others|Total|
|---|---|---|---|---|
||£|£|£|£|
|**Cost or valuation**|||||
|Balance brought forward at<br>1 September 2019|122,000|430,000||552,000|
|Additions in theyear|||||
|Revaluations in theyear|||||
|_Less:_Disposals in theyear|||||
|Transfers between categories|||||
|**Balance carried forward at**<br>**31 August 2020**|**122,000**|**430,000**|**0**|**552,000**|



19 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **14 Trustees for Methodist Church Purposes** 

The funds that support the District Advance Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month.  These are regarded as medium and long term investments. 

TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds.  Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property.  TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference. 

## **15 Central Finance Board (CFB) and Cash at Bank** 

The District has a current account at TSB, an authorised institution.  The sums held are immediately available.  In addition, the District has seven deposit accounts at CFB, a common deposit fund.  Interest is earned on these accounts and credited monthly; the sums deposited can be withdrawn without notice and without loss of interest.  These sums are viewed as being liquid. 

## **16 Debtors and prepayments** 

All sums paid in advance at 1 September 2019 were for work carried out during 2019-20. Similarly, all payments in advance at 1 September 2020 will be used in 2020-21 

**Prepayments:** 

||**Prepayments:**||||
|---|---|---|---|---|
||||2019-20|2018-19|
||||£|£|
||Stipends and Allowances||2,892|3,038|
||Synod Deposit (Action Centres UK)||287|280|
||Books for Synod||0|250|
||CPD 2020-21||617|0|
||District Chairs’ Retreat – Postponed to|2021|435|0|
||Launde Abbey – Retreat (2021)||2,241|1,024|
||Books for Acts 29 (Postponed)||493|0|
||Launde Abbey - Deposit for Supers’ Conference||||
||(Postponed to 2021)||665|550|
||Flights to Trichy||2,839|0|
|||**Total**|**10,468**|**5,142**|
|**17**|**Creditors and accrued expenses**||||
||||2019-20|2018-19|
||||£|£|
||**Creditors:**||||
||Expenses reimbursement and stationery costs||292|1,010|
|||**Total**|**292**|**1,010**|



20 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **18 Grant Commitments and the District Advance Fund** 

## **Expenditure on charitable activities:  District Advance Fund** 

Where grants are payable in annual instalments, it is necessary for the grantee to provide a satisfactory report on the achievements of activities funded by previous instalments of the multi-year grant award before any further instalments are paid. These reports are reviewed at the July meeting of the Finance and Grants Committee and the commitments for the following financial year are confirmed at that meeting subject to the approval of the District Executive (DPC).  It is the District’s policy to recognise these committed grants as expenditure out of this fund and thus accrue the unpaid amounts at the year-end as liabilities. Payments for all subsequent years are included even though they remain subject to a satisfactory progress report. 

The sum of £327,000 was committed to be spent during the 2019-20 year, but delays in certain project meant that the sum paid out was £194,124 resulting in a negative figure for the expenditure during the year. 

## **19 Unrestricted Funds** 

## _**19.1**_ **General Fund – balance £589,799 at 31 August 2020** 

The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general objectives of the District and which have not been designated for other purposes. £552,000 of this fund (94%) is held as freehold property, the District manses for the Chair of District and the District Mission Enabler. 

## _**19.2**_ **Designated Funds – balance £21,865 at 31 August 2020** 

These funds are to serve specific purposes but are not restricted by any document or deed to that purpose alone.  These funds comprise: 

- The Manse Fund – balance £13,764 (2019: £16,381) is available to meet the costs of maintenance and improvements in the accommodation at the District manses. 

- • The Training Fund £7,547 (2019: £7,493) 

- The Education and Youth Fund – balance £554 (2019: £550) 

## **20 Restricted Funds - balance £77,259 at 31 August 2020** 

There are five restricted funds: 

- The Local Preachers’ Fund – balance £12,009 (2019: £11,924) 

- The Ministerial Training Fund – balance £8,154 (2019: £8,096) 

- The Benevolence Fund – balance £1,595 (2019: £1,982) 

- *Young Leaders’ Scheme Bursaries – balance £8,000 (new fund) 

- *Overstone Chaplaincy – balance £47,500 (new fund) 

*The funds for the two new projects are held in the General Fund account and not in separate bank accounts. 

21 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **21 Summary of movements on significant individual funds** 

|**Fund**<br>General Fund<br>District Advance Fund<br>Manse (Designated)<br>Training (Designated)<br>Education and Youth<br>(Designated)<br>Total designated<br>Local Preachers Fund<br>(Restricted)<br>Ministerial Training Fund<br>(Restricted)<br>Benevolence Fund (Restricted)<br>Overstone Chaplain<br>(Restricted)<br>Young Leaders’ Scheme<br>Bursaries<br>Total restricted<br>**Total Funds**|**Balance at**<br>**01.09.19**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**Gains/**<br>**Losses**<br>**Balance**<br>**at**<br>**31.08.20**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>561,289<br>200,708<br>252,406<br>80,207<br>28,510<br>589,799<br>759<br>268,788<br>13,092<br>-77,474<br>178,222<br>178,981|
|---|---|
||_16,381_<br>_117_<br>_-2,733_<br>_-2,616_<br>_13,764_<br>_7,493_<br>_54_<br>_54_<br>_7,547_<br>_550_<br>_4_<br>_4_<br>_554_|
||<br>24,424<br>174<br>-2,733<br>-2,559<br>21,865|
||_11,923_<br>_85_<br>_85_<br>_12.009_<br>_8,096_<br>_54_<br>_58_<br>_8,154_<br>_1,982_<br>_383_<br>_770_<br>_-387_<br>_1,595_<br>_0_<br>_25,000_<br>_25,000_<br>_0_<br>_0_<br>_10,000_<br>_10,000_<br>_0_|
||22,002<br>35,526<br>35,770<br>-243<br>21,865<br>**608,475  505,196**<br>**301,267**<br>**0**<br>**203,929**<br>**812,404**|



## **22 Connected organisations and related parties** 

Connected organisations include the Methodist Connexion, other Methodist Districts in Great Britain, the Methodist Ministers’ Children’s Relief Association, the Northampton District of Methodist Women in Britain CFB and TMCP. All these entities have their own trustees or directors and autonomous administration such that this District has no significant influence over any of them, nor they over any District.  Therefore, they are not considered related parties. 

The related parties of the District are the twenty-two Circuits, their Chapels and Manses, which are based in the counties of Buckinghamshire, Leicestershire, Northamptonshire and Oxfordshire together with parts of several adjoining Counties. They are contactable by the District web site www.northamptonmethodistdistrict.org.uk. Funds are transferred from Circuits to the District on a quarterly basis. 

During the year, the following transactions took place with related parties (as defined by Financial Reporting Standard No 8) Expenses were reimbursed by the charity to Revd Canon Helen D. Cameron, Revd Jill Marsh and other trustees in respect of motor and travel expenses, postage, supplies and repairs and have been included in the figures set out above. 

22 



NORTHAMPTON METHODIST DISTRICT Year ended 31 August 2020 

## **23 Volunteer contributions** 

Every entity (Connexion, District, Circuit, Church) within the Methodist Church in GB is heavily reliant on volunteers who contribute their skills, time and money in the furtherance of the work of the Church.  Principally this contribution is by serving on committees of the District that deal with mission, manses, finance, policy, grants, training, development.  We are grateful to all of them for their help and commitment. 

## **24 Capital commitments and contingent liabilities** 

There were no capital commitments or contingent liabilities at 31.08.20 

A C Lewis District Treasurer April 2021 

23 



Name of District: Northampton 

District No.23 

## **Statement of Financial Activities (SOFA) for the year ended 31 August 2020** 

||||**District**|||||
|---|---|---|---|---|---|---|---|
||**Notes to**||**Advance**|**Designated**||||
||**the**|**General Fund**|**Fund**|**Funds**|**Restricted**|**Endowment**|**Total**|
||**accounts**|<br>**(Unrestricted)**|**(Unrestricted)**|**(unrestricted)**|**Funds**|**Funds**|**2019-20**|
|||£|£|£|£||£|
|**Income from**||||||||
|1 Donations and legacies|||||368||**368**|
|2 Connexional Advance & Property Fund|||38,747||||**38,747**|
|3 Income from investments||703|6,432|174|158||**7,468**|
|**Income from charitable activities**||||||||
|4  Assessments on circuits|2|157,000|||||**157,000**|
|5  From Circuit Model Trust Funds|||223,608||||**223,608**|
|6  Contribution to the cost of the Chair|3|40,825|||||**40,825**|
|7  Other charitable activities|||||||**0**|
|8  Income from other trading activities|||||||**0**|
|9   Other income|5|2,180|||35,000||**37,180**|
|**Total income**||**200,708**|**268,788**|**174**|**35,526**|**0**|**505,196**|
|**Expenditure**||||||||
|9    Grants and donations|5||-216,350||||**-216,350**|
|9a  Grants and donations in 2020-21|5|-4,323|197,100||8,000||**200,777**|
|9b  Grants and donations after 2020-21|5||31,100||25,000||**56,100**|
|10  Salaries and associated costs|6|138,360|||||**138,360**|
|11  Cost of the Chair|3|45,997|||||**45,997**|
|12  Property Maintenance|7|11,733|||||**11,733**|
|13 Office expenses|8|14,134|1,242||||**15,376**|
|14 Synods, committees, Conference|9|5,976|||||**5,976**|
|15 Training|10|7,351|||||**7,351**|
|16 Professional fees|||||||**0**|
|17 Other outgoings|11|33,178|||2,770||**35,948**|
|**Total expenditure**||**252,406**|**13,092**|**0**|**35,770**|**0**|**301,267**|
|**Net income/(expenditure) before**||||||||
|**gains and losses on investments**||**-51,698**|**255,696**|**174**|**-243**|**0**|**203,929**|
|18 Net gains/(losses) on investments|||||||**0**|
|**Net income/(expenditure)**||**-51,698**|**255,696**|**174**|**-243**|**0**|**203,929**|
|19 Transfers between funds||80,207|-77,474|-2,733|||**0**|
|20 Other gains/(losses)|||||||**0**|
|**Net movement in funds**||**28,510**|**178,222**|**-2,559**|**-243**|**0**|**203,929**|
|Total funds brought forward||561,289|759|24,424|22,002||**608,475**|
|**Total funds carried forward**||**589,799**|**178,981**|**21,865**|**21,759**|**0**|**812,404**|





Name of District: Northampton 

**District No.23** 

## **Balance Sheet as at 31 August 2020** 

|**Fixed Assets**|**Notes to the**<br>**Accounts**|<br>**General Fund**<br>**(Unrestricted)**<br>£|**District**<br>**Advance Fund**<br>**(Unrestricted)**<br>£|<br>**Designated**<br>**Funds**<br>**(Unrestricted)**<br>£|**Restricted**<br>**Funds**<br>£|**Endowment**<br>**Funds**<br>£|**Totals**<br>**2019/20**<br>£|**Totals**<br>**2019/20**<br>£|**Totals**<br>**2018/19**<br>£|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|Tangible fixed assets|13|552,000|||||552,000||552,000|
|Investmentproperties|||||||0||0|
|Investments|||||||0||0|
|**_Total fixed assets_**||**552,000**|**0**|**0**|**0**|**0**|**552,000**||**552,000**|
|**Current Assets**||||||||||
|Debtors|16|10,468|||||10,468||5,142|
|Loans bythe District|||||||0||0|
|Investments with TMCP|||700,381||||700,381||620,959|
|Central Finance Board Deposits||39,626||21,865|77,259||138,750||86,454|
|Cash at Bank and in hand||2,796|||||2,796||6,752|
|**_Total current assets_**||**52,891**|**700,381**|**21,865**|**77,259**|**0**|**852,396**||**719,307**|
|**Current liabilities**||||||||||
|Creditors (due in under 1 year)|17|292|||28,000||28,292||1,010|
|Grantspayable in 2020-21|5|14,800|329,800||27,500||372,100||368,622|
|**_Total current liabilities_**||**15,092**|**329,800**|**0**|**55,500**|**0**|**400,392**||**369,632**|
|**_Net current assets/liabilities_**||**37,799**|**370,581**|**21,865**|**21,759**|**0**|**452,004**||**349,675**|
|||||||||||
|**_Total assets less current liabilities_**||**589,799**|**370,581**|**21,865**|**21,759**|**0**|**1,004,004**||**901,675**|
|||191,600<br>**191,600**<br>**0**<br>**0**<br>**589,799**<br>**178,981**<br>**21,865**<br>**21,759**<br>**0**<br>**812,404**<br>589,799<br>589,799<br>178,981<br>178,981<br>21,865<br>21,865<br>**790,645**<br>21,759<br>21,759<br>0<br>0<br>**589,799**<br>**178,981**<br>**21,865**<br>**21,759**<br>**0**<br>**812,404**||||||||
|**Long term liabilities**<br>**(due after more than oneyear)**||||||||||
|Grantspayable after 2020-21|||191,600||||**191,600**||293,200|
|Loans to the District|||||||**0**||0|
||||||||**0**||0|
|**_Net assets_**||**589,799**|**178,981**|**21,865**|**21,759**|**0**|**812,404**||**608,475**|
|**Funds of the District**||||||||||
|General Fund(Unrestricted)||589,799|||||589,799||561,289|
|District Advance Fund (Unrestricted)|||178,981||||178,981||759|
|Designated Funds(Unrestricted)||||21,865|||21,865||24,424|
|**_Total Unrestricted Funds_**|||||||**790,645**||**586,472**|
|Restricted Funds|||||21,759||21,759||**22,002**|
|Endowment Funds||||||0|0||**0**|
|**_Total Funds_**||**589,799**|**178,981**|**21,865**|**21,759**|**0**|**812,404**||**608,475**|





Name of District: Northampton 

District No: 23 

## **Statement of Financial Activities (SOFA) for the year ended 31 August 2019** 

|**Notes**<br>**to the**<br>**accoun**<br>**ts**<br>**Income from**<br>1 Donations and legacies<br>2 Connexional Advance & Property Fund<br>3 Income from investments<br>**Income from charitable activities**<br>4  Assessments on circuits<br>2<br>5  From Circuit Model Trust Funds<br>6  Contribution to the cost of the Chair<br>7  Other charitable activities<br>8  Income from other trading activities<br>9   Other income<br>**Total income**<br>**Expenditure**<br>9    Grants and donations<br>5 & 18<br>9a  Grants and donations in 2019-20<br>5<br>9b  Grants and donations after 2019-20<br>10  Salaries and associated costs<br>6<br>11  Cost of the Chair<br>3<br>12  Property Maintenance<br>7<br>13 Office expenses<br>8<br>14 Synods, committees, Conference<br>9<br>15 Training<br>10<br>16 Professional fees<br>17 Other outgoings<br>11<br>**Total expenditure**<br>**Net income/(expenditure) before**<br>**gains and losses on investments**<br>18 Net gains/(losses) on investments<br>**Net income/(expenditure)**<br>19 Transfers between funds<br>20 Other gains/(losses)<br> **Net movement in funds**<br>Total funds brought forward<br>**Total funds carried forward**|**General Fund**<br>**(Unrestricted)**<br>**District**<br>**Advance**<br>**Fund**<br>**(Unrestricted)**<br>**Designated**<br>**Funds**<br>**(unrestricted)**<br>**Restricted**<br>**Funds**<br>**Endowment**<br>**Funds**<br>**Total**<br>**2018-19**<br>£<br>£<br>£<br>£<br>£<br>466<br>**466**<br>35,050<br>**35,050**<br>345<br>5,893<br>184<br>156<br>**6,578**<br>130,700<br>**130,700**<br>206,154<br>**206,154**<br>41,347<br>**41,347**<br>**0**<br>**0**<br>50,000<br>22,500<br>**72,500**<br>**172,392**<br>**297,098**<br>**184**<br>**23,122**<br>**0**<br>**492,796**|
|---|---|
||8,400<br>-47,755<br>**-39,355**<br>947<br>184,800<br>22,500<br>**208,247**<br>252,700<br>**252,700**<br>124,817<br>**124,817**<br>50,378<br>**50,378**<br>9,614<br>**9,614**<br>19,054<br>1,285<br>**20,339**<br>11,283<br>**11,283**<br>11,492<br>**11,492**<br>**0**<br>30,789<br>1,292<br>**32,081**<br>**266,774**<br>**391,030**<br>**0**<br>**23,792**<br>**0**<br>**681,596**|
||**-94,382**<br>**-93,932**<br>**184**<br>**-670**<br>**0**<br>**-188,800**<br>**0**<br>**-94,382**<br>**-93,932**<br>**184**<br>**-670**<br>**0**<br>**-188,800**<br>84,931<br>-82,250<br>-2,681<br>**0**<br>**0**<br>**-9,451**<br>**-176,182**<br>**-2,497**<br>**-670**<br>**0**<br>**-188,800**|
||570,741<br>176,941<br>26,921<br>22,672<br>0<br>**797,275**<br>**561,289**<br>**759**<br>**24,424**<br>**22,002**<br>**0**<br>**608,475**|





Name of District: Northampton Methodist District
No. 23
Declarations and Scrutiny
I confinn that these accruals-based accounts for the year to 31 August 2020 have been prepared
from the records of the District and that they include all funds under the control of the District
Policy Committee.
Signature of treasurer.
Date: 23 April 2021
Name and address of treasurer:
Andrew Lewis. °Ca&siopeia', 3 Kings Lane, Yelvertoft, Northamptonshire
Post Code: NN6 6LX
Presentatlon to th• Dl$trf¢t Policy Commlttee
I confirm that the annual report and accounts for the year ended 31 August 2020 were
presented to the District Policy Committee held on 14 June 2021
Signature of the Chair of the meeting:
Name of the Chair of the meeting: Revd. Canon Helen D. Cameron
Date: 14 June 2021
Independent Examinerfs Report to the Trustees ofthe
Northampton District
Charlty Number 1130373
Responslbllhlos and baslB of report
I report to the trustees on my examination of the accounts of the Northampton MethodistDistrict for
the year ended 31 August 2020 set out on pages ...
As the District's trustees, you are
responsible for the preparation of the accounts in accordance with the requirements of the
Charities Act 2011 ('the Act,).
I report in respect of my examinats'on of tha District's accounts carried out undar section 145 of the
Act and. in carrying out my examination, I have followed all the applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
delete or circle as appropriate

Name of District: Northampton Methodist District
No. 23
Indepondont Examlnerfs Statsment
trhe District's gross income exceeded £250,000 and l am qualified to undertake the examination
by being a qualified member of (insert name of applicable listed body)]. Delete [ ] rf not applicable.
I have completed my examination. I confimi that no material matters hav8 come to my attention in
connection with the examination (other than that disclosed below.) which give me cause to believe
that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Act: or
the accounts do not accord with the accounting records: or
the accounts do not comply with the applicable requirements conceming the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair, view, which is not a matter considered as
part of an independent examination Delete rf not applicable ie all R&P accounts
the trustees, annual report is not consistent with the accounts Delete if not applicable ie all
R&P accounts.
I have no con¢ems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper under8tsnding of the
accounts to be reached.
I havelhave not. obtained independent verification of all investments wtth the Trustees for
Methodist Church Purposes or held in other trusts, bank balances and funds at the Central
Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand
pounds) at the balance sheet date.
Signature of independent examiner
Name of independent examiner:
D.J. Briscoe
Relevant professional qualification of independent examiner:
ACMA
Name of finn:
AIMS Accountants for Business
Address .
11 De Montfort Road, Hinckley. Leicestershire
Post Code .' LE10 1LQ
Date
06./.05./2021..........
delete or cirde as appropriats