Circuit Accruals Accounts 2019-2020
## THE METHODIST CHURCH
## REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2020
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Leeds North and East Circuit
Registered Charity - Registration number 1131455
Leeds District No / Circuit No 16-02
Ministers Revd Robert Creamer (superintendent)
Revd George Bailey
Revd Edward Sakwe
Revd Tanya Short
Revd Becki Stennett
Revd Mark Stennett
Deacon Liesl Warren
Revd Helen White
Circuit Stewards Mrs Barbara Belsham
Mr Andy Birkett
Mrs Jennifer Dalton
Mrs Janice Green
Mrs Anne Kirkland
Circuit Treasurer Steven Jones
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Registered Charity - Registration number
Leeds North and East Circuit
## TRUSTEES' ANNUAL REPORT
## FOR THE YEAR ENDED 31 AUGUST 2020
## Introduction
This annual report needs to be read in the context of the annual accounts including the report on governance, risk management, and declarations which together all form a cohesive summary of the financial and general activities of the charity for the year 1 September 2019 to 31 August 2020.
Each of the churches within the circuit are a charity in their own right and therefore file their own set of accounts and annual report. More detailed information on the circuit, its activities and contacts can be found on the charity's website: www.leedsnandemethodist.org.uk
## Aims and organisation
The overall aims and organisation of the Leeds North and East Circuit are set out in the Governance section (2) of the annual accounts.
## The Circuit Mission Statement for the year 2019/20 was as follows:
The Churches of the Leeds North and East Methodist Circuit work together to share the Good News of Jesus Christ through worship, learning and caring, service, and evangelism.
## Review of the year
## Income and expenditure summary
The consolidated loss (including movement on Model Trust Funds) was a deficit of £29,872 compared to a budgeted deficit of £36,886.
This is an improvement against the original budget of £7,014.
There were no significant differences, with the deviations from the original budget being as follows:
- Income was slightly ahead of budget (£982) mainly due to interest and other income.
- Expenditure was £4,472 less than budget due to ministers' costs coming in below budget and around £11,000 lower spend on manses, countered by a mission fund payment as well as a termination settlement payment to the Community Connect Worker at Meeting Point. - Model Trust Fund charges were £1,560 lower than budget, mainly due to a reduction in the District levy.
Overall reserves reduced by £29,872 due to the deficit in the current year. The Circuit Meeting has agreed to fund certain costs from reserves in accordance with the Circuit Reserves Policy, which is reviewed from time to time.
## Income trends
The bulk of the Circuit's income is from assessments paid by the Circuit churches. The amount of £466,052 is higher than last year, reflecting the appointment of 1 additional presbyter as reported previously, as well as the increase to stipends as stipulated by the Connexion.
The Circuit also continues to receive support from the Scurrah Wainwright Trust to cover the costs of the Circuit Lay Worker performing pastoral duties in the Gipton area. £11,274 was received, representing a slight increase on last year due to changes in the National Living Wage upon which lay employee salaries are based. The Deacon post continues to be supported from Circuit reserves.
## Expenditure trends
The increase to ministerial costs is reflected in the appointment of 1 additional presbyter - this increase was largely covered from increased assessments.
## Lay employment costs have increased due to the following:
- The Circuit administrator post was filled part way during the previous year - the current year reflects a full year of employment.
- Two vacant posts were filled during the year, while an additional post was created at Meeting Point to provide cover for the manager.
- This was countered by savings realised from the departure of the Community Connect Worker from Meeting Point during the year.
Circuit contributions to District and Connexional funds remained largely in line with last year.
## Fund balances
Total Circuit funds decreased from £539,190 to £509,318 due to the excess of expenditure over income. However, this deficit was less than what was budgeted for, and the year-end fund balances is still sufficient to cover just short of a full year's expenditure.
## Plans for 2020/21
Circuit staffing is expected to remain unchanged for the 2020/21 financial year, but one of our presbyters retires at the end of the year and the post will not be filled in 2021/22.
With a number of the churches reporting declining income, together with the closure of the Thorner church, Circuit asssessments have been reduced for 2020/21 with the Circuit having taken a conscious decision to provide increased support from its reserves. However, while the Circuit's financial position is currently sufficiently sound to provide such support in the short term, this is not a sustainable long-term position, and the Circuit is planning to embark on a series of gatherings aimed at plotting its mission strategy going forward.
Leeds North and East Circuit
## Trustee’s Annual Report on Finance and Governance
## Basis of preparation and legal framework
The Charity’s annual report and accounts for the year ended 31 August 2020 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard FRS 102.
Full Name of Charity: Leeds North and East Methodist Circuit
Registration Charity Number: 1131455
Main communication address:
Circuit Office, Lidgett Park Methodist Church, Lidgett Place, LEEDS LS8 1HG
The members of the Leeds North and East Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.
Full membership is shown as Appendix A to this report.
Circuit Ministers and officers for the year to end of August 2020
|Active Circuit Ministers|
Revd Robert Creamer (Superintendent)|
|---|---|
||Revd George Bailey|
||Revd Edward Sakwe|
||Revd Tanya Short|
||Revd Becki Stennett (probationer)|
||Revd Mark Stennett|
||Deacon Liesl Warren|
||Revd Helen White|
|Circuit Lay Workers|Mr John Burland (secretary)|
||Mrs Mary Saddler|
||Mr Michael Simpson|
|Circuit Stewards|Mrs Anne Kirkland (Senior)|
||Mrs Barbara Belsham|
||Mrs Jennifer Dalton|
||Mr Andy Birkett|
||Mrs Janice Green|
Alan Wittrick acted as the principal officer overseeing the day to day financial management and accounting for the circuit during the year.
Independent auditors: Thomas Coombs Limited, Chartered Accountants and Business Advisers, 3365 The Pentagon, Century Way, Thorpe Park, Leeds, LS15 8ZB
Investment Bankers: Central Finance Board of the Methodist Church
Trustees for Methodist Church purposes
Leeds North and East Circuit
Aims and organisation
Charity objective is to act as a Resource provider within the area around North and East Leeds for the Methodist Church:
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose 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 to The Methodist Church
The organisation and resourcing of regular public acts of worship open to members of the church and non members alike.
The teaching of Christianity through sermons, courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools.
Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to the local university and other institutions.
## Public Benefit
We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.
Structure, Governance and Management
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting.
Overall accountability for circuit matters rests with the Circuit Trustees who meet usually three times a year under the Chair of the Superintendant Minister. The Trustees are also the Key Management Personnel and collectively take all the key decisions in respect of use of resources and activities.
## Trustee Training
A range of guidance produced by Methodist Connexion to support the effective running of the circuit , specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Circuit meeting members as induction to their role as trustees.
## 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: Alwoodley Park, Barwick-in-Elmet, Chapel Allerton, Christ Church Halton, Colton, Cross Gates, Garforth, Gipton, Lidgett Park, Newbourne, Oakwood, Roscoe, Scholes, Seacroft, Shadwell, Thorner, Trinity. The circuit also manages the Meeting Point Cafe in Harehills and the Moortown Methodist Church Centre
## Pay policy
The circuit pays all its presbyters and deacons in line with stipend rates agreed by the Methodist Conference each year. Lay employees are on locally agreed rates approved by the circuit meeting in general terms, and which comply with Methodist Conference advice. No Trustees are paid in their capacity as trustees - although the presbyters, deacons, and lay employees are paid for undertaking their specific agreed roles.
Leeds North and East Circuit
## Risk Management
The Circuit Leadership Team and Circuit Stewards manage risk taking on a day to day basis . Professional advice is taken as required.
There is a regular annual review process which is undertaken and recorded.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
## Safeguarding
Every person has a value and dignity which comes directly from the creation of male and female in God’s own image 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 bearing the image of God and therefore to protect them from harm.
Methodist Connexional practice 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 all children, young people and adults when they are vulnerable
- the establishing of safe, caring communities which provide a loving environment where there is
- informed vigilance as to the dangers of abuse.
• We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
• We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.
• We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
- We will seek to challenge any abuse of power, especially by anyone in a position of trust.
- We will seek to offer pastoral care 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 or vulnerable adult.
• In all these principles we will follow legislation, guidance and recognised good practice
The Leeds North and East 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 North and East 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.
## Reserves Policy
The Reserves Policy for the Circuit is to hold a minimum sum in its current and Circuit Finance Board deposit accounts equivalent to 3 months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.
The circuit also holds reserves over and above this minimum which have arisen from the sale of churches ,manses or bequests.
The use of this money is currently under consideration.
## Independent Auditor’s Report to the Trustees of Leeds North and East Methodist Circuit
## Opinion
We have audited the financial statements of Leeds North and East Methodist Circuit (the ‘charity’) for the year ended 31st August 2020 which comprise of Statement of Financial Activities, the Statement of Financial position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31st August 2020, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you were:
- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## Other matter
The corresponding figures for the year ended 31[st] August 2019 are unaudited.
## Other information
The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- the charity has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on pages 2 to 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144[3] of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities.
## Use of our report
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 undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Thomas Coombs Limited Statutory Auditor Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB
Number 27/02
Leeds North and East Circuit
## Name of Circuit
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Statement of Financial Activities (SOFA) for the year ended 31 August 2020
Total Total
2019-20 2018-19
Audited Unaudited GN
£ £ £ £ £ £
Income and Endowments from:
Donations, grants, and legacies 4 25,172 - 34966 60,138 53,701 A
Charitable activities - B
Assessments or share 466,053 466,053 413,112
Other 5 - - 14242 14,242 25,586
Other trading activities 6 - C
- Lettings - - 12131 12,131 20,909
- Miscellaneous -
Investments 7 2,109 1,887 159 4,155 3,839 D
Other - - - - 79,633 E
Total 493,334 1,887 61,498 - 556,719 596,780
Expenditure on:
Stipends, salaries, NIC & Pension costs 10 317,298 27,337 344,635 282,404
District Assessment 19,838 19,838 15,897
Methodist Church Fund 84,214 84,214 84,219
Telephone & travel 20,301 1,173 21,474 14,767
Insurance, utilities, etc 23,914 7,284 31,198 31,618
Maintenance on manses 13,328 13,328 23,575
Expenditure on other Circuit property 9,233 9,233 4,929
Depreciation 11 - 0
Provisions - 0
Other Expenditure 20,751 455 24,583 45,789 46,142
Grants and Donations 19,645 19,645 58,563
Contributions to District Advance Fund 8,872 8,872 10,443
Total 519,289 9,327 69,610 - 598,226 572,557
Net income/(expenditure) - 25,955 - 7,440 - 8,112 - - 41,507 24,223
Transfers between funds - -
- 25,955 - 7,440 - 8,112 - - 41,507 24,223
Other recognised gains / (losses):
Gains/(Losses) on revaluation of fixed assets 193,422 57,927 251,349 111,385
Gains/(Losses) on investment assets -
Actuarial gains /(losses) on defined benefit
pension schemes -
Net movement in funds 167,467 - 7,440 49,815 - 209,842 135,608
Reconciliation of funds:
Total funds brought forward 2,756,418 227,446 1,198,261 4,182,125 4,046,516
Total funds carried forward 2,923,885 220,006 1,248,076 - 4,391,967 4,182,124
For information only Money received and passed on to External Organisations
Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward 0 0
Notes to the accounts Unrestricted funds CMTF (Unrestricted) Restricted Funds Endowment Funds
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Leeds North and East
Circuit
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Balance Sheet as at 31 August 2020
Unrestricted Circuit Model Restricted Endowment Totals this year Totals last year
Trust Fund Funds Audited Unaudited
(Unrestricted)
£ £ £ £ £ £
Tangible Fixed Assets*
Notes
Land & Buildings 11 2,641,723 1,193,754 3,835,477 3,584,128
Equipment 11 0 note
Investment properties 12 0 0
Investments 12 0 0
Total fixed assets 2,641,723 0 1,193,754 0 3,835,477 3,584,128
Current Assets
Debtors and Prepayments 13 35,847 35,847 38,496
Other 0 0 0
Trustees for Methodist Church
Purposes deposits 49,334 220,006 269,340 276,780
Central Finance Board Deposits 323,589 17,011 340,600 383,103
Cash at Bank and in hand 13 788 37,826 38,614 40,460
Total current assets 409,558 220,006 54,837 0 684,401 738,839
Creditors and Accruals (due in under 1
yr) 14 127,396 515 127,911 140,843
Net current assets (liabilities) 282,162 220,006 54,322 0 556,490 597,996
Total assets less current liabilities 2,923,885 220,006 1,248,076 0 4,391,967 4,182,124
Loans and creditors due after 1 year 14, 16 0 0
Provisions for liabilities and charges 14, 16 0 0
Net assets 2,923,885 220,006 1,248,076 0 4,391,967 4,182,124
Funds of the Circuit
Unrestricted funds 2,923,885 2,923,885 2,756,417 note
Circuit Model Trust Fund (Unrestricted) 220,006 220,006 227,446
Restricted funds 1,248,076 1,248,076 1,198,261
Endowment funds 0 - -
Total Funds 2,923,885 220,006 1,248,076 0 4,391,967 4,182,124
- -
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*Details - see Note 11
Leeds North and East Circuit
Notes to the Accounts
## 1 Basis of accounting
The financial statements have been prepared in accordance with 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).
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
## 2 Funds
The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose . There are also the following Endowment funds as listed. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.
## 3 Accounting policies
## 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, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities.
## Income Recognition
Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
## Resources Expended
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 Circuit to pay out resources.
## Grants
Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.
## VAT
Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
## Tangible fixed assets for use by the Circuit
These are capitalised if they can be used for more than one year, and individually cost at least £1,000.
The freehold property is shown in the accounts at 2016 deemed values , of which the land component is not separately identifiable. 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.
## Investments
Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.
## Debtors and Prepayments
Debtors primarily relate to the payment of the September stipend in August.
## Creditors
Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.
|4. Donations and legacies|Circuit
Unrestricted
Circuit Model
Trust Fund
Restricted
2020 Total
Audited
2019 Total
Unaudited
£
£
£
£
£
Leeds North and East|
|---|---|
|Donations
Legacies|25,172
34,966
60,138
53,701
-|
|Total
5. Charitable activities - other|25,172
-
34,966
60,138
53,701
Unrestricted
Circuit Model
Trust Fund
Restricted
2020 Total
Audited
2019 Total
Unaudited
£
£
£
£
£|
|Meeting Point Café Sales|14,242
14,242
25,586|
|Total
6. Other trading activities|-
-
14,242
14,242
25,586
Unrestricted
Circuit Model
Trust Fund
Restricted
2020 Total
Audited
2019 Total
Unaudited
£
£
£
£
£|
|Meeting Point Flat - Letting|-
-
180|
|Moortown church premises - Lettings
12,131
12,131
20,729||
|-
-
-||
|Total
-
-
12,131
12,131
20,909
7. Investment income
Unrestricted
Circuit Model
Trust Fund
Restricted
2020 Total
Audited
2019 Total
Unaudited
£
£
£
£
£||
|Central Finance Board
2,109
1,887
159
4,155
3,839||
|Rental income
-
Other
-||
|Total
2,109
1,887
159
4,155
3,839||
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Leeds North and East Circuit
8. Payment to Trustees This year Last year
Audited Unaudited
Payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting
£ 0
Number of trustees who were paid expenses 11 11
Nature of the expenses
Expense payments primarily relate to travel, telecoms and stationery costs
Total amount paid £
20,301 15,523
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## 8. Payment to Trustees
The Trustees are also the Key Management Personnel in that they collectively take all the main /key decisions of the charity. Trustees are not paid in their capacity as trustees though the lay employees and presbyters are paid in their capacity as individuals carrying out agreed duties and responsibilities.
## 9. Fees for examination or audit of the accounts
|£
£
Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind
Employer’s National Insurance costs
Pension costs
Total staff costs
Average number of staff employeed during the year were:
Independent examiner’s or auditors' fees for reporting on the accounts (estimated for this year )
Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor
£
£
£
£
10. Paid employees|3,600
248,939
18,424
49,935
317,298
16
|1,100
195,760
16,843
43,362
255,965
16|
|---|---|---|
## 11 Key Mangement Personnel
The overall management of the Circuit on a day to day basis rests with the members of the Circuit leadership team (CLT) acting individually or as a group.
The CLT comprise the Circuit Stewards including the Circuit Treasurer, the Circuit Presbyters and Deacon, and the lay employees of the Circuit who are in attendance. None of these people are paid any salary or remuneration over and above the amounts they receive as part of their day to day responsibilities as a minister or lay employee. None of the Circuit Stewards receive any payments anyway as they are all voluntary posts.
Leeds North and East Circuit
## 11 Tangible Fixed Assets
The circuit owns 8 manses which are fully occupied by ministers. The circuit also owns the Meeting Point Café at 409 Harehills Lane, LS9 6AP which is an outreach project.
|Cost or valuation
Balance brought forward
Additions
Revaluations (+/-)
Disposals (-)
Transfers * (+/-)
Balance carried forward
Balance brought forward
Depreciation charge for year (-)
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried forward
Brought forward
Carried forward
Accumulated depreciation
Net book value|Residential
Land
Other Land
Manses
Other buildings
Other fixed
assets including
motor vehicles
Fixtures, fittings
and equipment
Payments on
account and
assets under
construction
Total
£
£
£
£
£
£
£
£
2,448,301
1,135,827
0
3,584,128
0
193,422
57,927
251,349
0
0
0
0
2,641,723
1,193,754
0
0
0
3,835,477
0
0
0
0
0
0
0
0
0
0
0
0
0
-
-
2,448,301
1,135,827
-
-
-
3,584,128
-
-
2,641,723
1,193,754
-
-
-
3,835,477|
|---|---|
The properties are reported in the accounts at insurance value. There is no reliable method to differentiate the land and building elements of these values. No depreciation is charged as the properties are reasonably maintained.
Leeds North and East Circuit
12 Investments
The fund that supports the Circuit Model Trust Fund is 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 polity as determined by the Methodist Conference.
|Analysis of investment movements
Total
Carrying (market) value at end of year
Investments listed on a recognised Stock Exchange
Securities not listed on a recognised Stock Exchange
Investments held in common investment funds,
Other investments
Change in investment values
Carrying (market) value at beginning of year
Add:additions to investments at cost
Less:disposals at carrying value
Net gain/(loss) on revaluation|This year
Prev year
0
0
-
-
-
0
-|
|---|---|
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Leeds North and East Circuit
13. Analysis of current assets
This year Last year
Audited Unaudited
Debtors and prepayments £ £
Prepaid salaries
17,880 20,367
Accrued income
Other prepayments
5,383 4,683
Other debtors 12,584 13,446
Total debtors and prepayments 35,847 38,496
Analysis of cash at bank
Balance held in CAF Bank
788 2,168
Balance held in Barclays Bank
35,151 33,573
Balance held in Yorkshire Bank
2,575 4,569
Cash
100 150
Total Cash and Bank
38,614 40,460
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## 14. Analysis of current liabilities
|Church assessments received in advance
107,174
Grant received in advance
6,680
Donations for Diaconal work received in advance
0
Other Creditors
13,542
Total Current Liabilities
127,396
£
£
£
£|127,201
6,504
0
7,138
140,843|
|---|---|
## 15. Capital Commitments and Contingent Liabilities
As at 31 August 2020 the Circuit has no capital commitments.
No Contingent liabilities were identified as at 31 August 2020.
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Leeds North and East Circuit
16. Loans
Source Purpose of loan Amount New Loan interest Repayable in Balance at
brought borrowings the year year end
forward
0
0
0
0
Totals 0 0 0 0 0 X
Repayment due Totals
Due within 12 months 31/08/2017 0
Due between 1 and 5 years 31/08/2018 31/08/2019 31/08/2020 31/08/2021 0
Due later than 5 years
Note: the two totals X and Y must agree 0 Y
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Leeds North and East Circuit
## 17. Detailed analysis of individual fund movements
|Restricted Funds|Restricted Funds|Restricted Funds|Restricted Funds|
|---|---|---|---|
|Restricted Fund Name
Meeting Point Café||||
|Moortown Church Centre|24,306
12,290
24,325
12,271
Outreach and community support in North Leeds area|||
||0
0
0||What the income was used for|
|Endowment Name|How the capital is invested|The current value of the capital
Annual income||
|Totals
0
0
Interest from Sheila Titball bequest of £423 (2019: £320) transferred to General unrestricted funds.
The reasons for the transfers between funds were as follows:||||
Leeds North and East Circuit
## Related party transactions
The FRSSE requires that charities that have one or more related party transactions must disclose:
- the names of the transacting related parties;
- a description of a relationship between the parties;
- a description of the transactions;
- the amounts involved;
- any other elements of the transactions necessary for an understanding of the accounts;
- the amounts due to or from related parties at the balance sheet date and provisions for doubtful debts due from such parties at that date; and
- amounts written off in the period in respect of debts due to or from related parties.
## This year (2019-2020)
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Name of related party Relationship Description of transaction Income from Payments to Loans to related Amounts owed
related party related party party during the by related
during the year during the year year party as on 31-
Aug-2020
£ £ £ £
West Yorkshire Methodist District Methodist body Leeds Circuits report to Assessment 19,838
West Yorkshire Methodist District Methodist body Leeds Circuits report to Advance Fund 12,443
Circuit Churches Churches that comprise the Circuit Donations to Meeting Point 2,020
Circuit Churches Churches that comprise the Circuit Assessment payments 466,053
Circuit Meeting Members Charity Trustees Donations to support Diaconal work 0
Methodist Church Fund National Methodist Fund Grant to support Meeting Point 16,666
Methodist Church Fund National Methodist Fund Assessment 84,214
Methodist ministers housng association Body to support retired ministers Grant 1,550
Total 484,739 105,602 0 12,443
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Remuneration of key management personnel is detailed in note 11.
Last year (2018-19)
|Name of related party
Relationship
Description of transaction
West Yorkshire Methodist District
Methodist body Leeds Circuits report to
Assessment
West Yorkshire Methodist District
Methodist body Leeds Circuits report to
Advance Fund
Circuit Churches
Churches that comprise the Circuit
Donations to Meeting Point
Circuit Churches
Churches that comprise the Circuit
Assessment payments
Circuit Meeting Members
Charity Trustees
Donations to support Diaconal work
Methodist Church Fund
National Methodist Fund
Grant to support Meeting Point
Methodist Church Fund
National Methodist Fund
Assessment
Methodist ministers housing association
Body to support retired ministers
Grant
Total|Income from
related party
during the year
Payments to
related party
during the year
Loans to related
party during the
year
Amounts owed
by related
party as on 31-
Aug-2019
£
£
£
£
15,897
10,443
2,340
413,112
0
16,666
84,219
3,050
432,118
113,609
0
0|
|---|---|
**Leeds North and East Circuit DECLARATIONS**
## **Treasurer**
I confirm that these accrual based accounts for the year ended 31 August 2020 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting.
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Signature of Treasurer Date 16 Mar 2022
Name of Treasurer Steven Jones
Address
37 Fletchers Way, Allerton Bywater, Castleford WF10 2FL
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## **Presentation to the Circuit Meeting for approval.**
I confirm that the annual report and accounts for the year ended 31 Aug 2020 were, or will be* presented to the Circuit Meeting at its meeting on
10 Mar 2022
and were approved. Signature of the Chair of the meeting Name of the Chair of the **Rev George Bailey** meeting Date 16-03-2022 ___________________________________________________________________________