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2022-08-31-accounts

Circuit Accruals Accounts 2021-2022

THE METHODIST CHURCH

REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2022

Leeds North and East

Circuit

Registered Charity - Registration number

1131455

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Leeds District No / Circuit No 16-02
Ministers Revd George Bailey (Co-Superintendent)
Revd Edward Sakwe
Revd Tanya Short (Co-Superintendent)
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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Notes to the Accounts

1 Basis of accounting

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 FRS102 – the Charities SORP (FRS102) and taking note of the Update Bulletin 1 issued in 2016.

2 Funds

The funds held constitute:

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.

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.

Going concern

Based on the monetary assets and human resources available as at 31 August 2022, the trustees believe that the Circuit is a going concern.

Incoming Resources

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.

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

Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500.

Freehold property is shown in the accounts at 2022 insurance valuations. No depreciation is provided on the buildings 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 therefore not be material.

The properties have been reviewed for impairment.

Investment Properties

Investment properties - no property is currently deemed to not be held for the long-term purposes of the charity.

Investments

Investments are valued in the balance sheet at market value as at year-end. Investment income is included in the accounts when receivable, and any gains or losses on revaluation as at year-end are shown in the SOFA.

Debtors and Prepayments

Debtors and prepayments include the September 2022 stipends paid in advance, insurance premiums relating to post year-end periods, reimbursements for a portion of manse costs receivable from Cliff College, and a short-term loan to the Yorkshire West District in respect of funding for the Leeds City Mission.

Creditors

Creditors include accrued expenses, grants to which the Circuit has committed for the current year not yet paid out at year-end, the quarterly assessments for September to December 2022 received in advance, and funds held for the support of presbyters and deacons.

4 Payment to Trustees

Apart from stipends paid to ministers or salaries paid to employed lay staff, there were no payments made to trustees for additional services provided to the Circuit beyond the approved reimbursement of reasonable expenses incurred on behalf of the Circuit.

Trustee expenses

ustee expenses
2021/22 2020/21
Number of Trustees 17 18
Total amount £21,734 £20,495

5 Fees for audit of the accounts

Independent auditors' fees for reporting on the accounts
Other fees (e.g. advice, accountancy services) paid to the independent
auditor		 2021/22
£
4,660
NIL		 2020/21
£
3,600
NIL

6 Paid employees

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 full-time equivalent employees in the year
were:		 2021/22
248,486
18,920
46,706
314,112
13		 2020/21
268,418
20,394
52,326
341,139
17

7 Capital Commitments and Contingent Liabilities

There are no capital commitments as at 31 August 2022. No contingent liabilities were identified as at 31 August 2022.

8 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		 2021/22
£
0
0
0		 2020/21
£
0
0
0 0

9 Tangible Fixed Assets

Cost or valuation

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Payments
Fixtures, on account
fittings and assets
Other and under
Land Manses buildings equipment construction Total
£ £ £ £ £ £
Balance brought forward 0 2,325,796 1,229,242 0 3,555,038
Additions 0 0 0 0 0
Revaluations (+/-) 0 402,362 354,636 0 756,998
Disposals (-) 0 0 0 0 0
Transfers * (+/-) 0 0 0 0 0
Balance carried forward 0 2,728,158 1,583,878 0 4,312,036
----- End of picture text -----

Accumulated depreciation

Balance brought forward Depreciation charge for - year ( ) Revaluations (+/-) - Disposals ( ) Transfers* (+/-) Balance carried forward

Net book value

Brought forward 0 2,325,796 1,229,242 0 3,555,038
Carried forward 0 2,728,158 1,583,878 0 4,312,036

Revaluations

The carrying value of manses and other buildings is revalued annually based on insurance replacement value. The carrying value of church buildings is not accounted for in the Circuit’s accounts.

Disposals

No properties were disposed of during the year under review.

10 Investment assets

The circuit has no Investment properties

The circuit has no common investment fund holdings

11 Loans

The Circuit has paid an amount of £12,433 to the Yorkshire West District (YWD) to provide funding for the Leeds City Mission. This is treated as a loan in the Circuit accounts as YWD has indicated that such amount will be repayable, although as at the year-end there are no set terms for the repayment thereof.

12 Analysis of restricted and designated funds 2021-22

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Restricted Fund Opening Incoming Resources Transfers Closing Purpose of the
Name Balance Resources Expended Balance fund
Meeting Point 20,863 47,799 47,509 21,153 Outreach and
Café community support
in the Harehills
area
Moortown 4,658 17,381 15,219 6,820 Outreach and
Methodist Centre community support
in the North Leeds
area
Totals 25,521 65,180 62,728 27,973
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````Comparative analysis of restricted and designated funds 2020-21

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Restricted Fund Opening Incoming Resources Transfers Closing Purpose of the
Name Balance Resources Expended Balance fund
Meeting Point 34,735 34,361 48,233 20,863 Outreach and
Café
community support
in the Harehills
area
Moortown 12,271 2,621 10,234 4,658 Outreach and
Methodist Centre community support
in the North Leeds
area
Totals 47,006 36,982 58,467 25,521
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13 Related Party transactions

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-
This year (2021 2022)
Name of related party Relationship Description of transaction Income from Payments to Loans to Amounts
related party related party related party owed by
during the during the during the related
year year year party as on
31-Aug-2022
£ £ £ £
Methodist body Leeds Circuits report
West Yorkshire Methodist District to Assessment 0 20,121 0 0
Methodist body Leeds Circuits report
West Yorkshire Methodist District to Advance Fund 0 0 0 12,443
Circuit Churches Churches that comprise the Circuit Donations to Meeting Point 4,276 0 0 0
Circuit Churches Churches that comprise the Circuit Assessment payments 395,694 0 0 0
Circuit Meeting Members Charity Trustees Donations to support Diaconal work 0 0 0
Methodist Church Fund National Methodist Fund Grant to support Meeting Point 0 0 0
Methodist Church Fund National Methodist Fund Assessment 0 85,418 0
Methodist ministers housing association Body to support retired ministers Grant 1,640 0 0
Total 399,970 107,179 0 12,443
-
Last year (2020 21)
Name of related party Relationship Description of transaction Income from Payments to Loans to Amounts
related party related party related party owed by
during the during the during the related
year year year party as on
31-Aug-2021
£ £ £ £
Methodist body Leeds Circuits report
West Yorkshire Methodist District to Assessment 0 20,533 0 0
Methodist body Leeds Circuits report
West Yorkshire Methodist District to Advance Fund 0 0 0 12,443
Circuit Churches Churches that comprise the Circuit Donations to Meeting Point 3,688 0 0 0
Circuit Churches Churches that comprise the Circuit Assessment payments 435,440 0 0 0
Circuit Meeting Members Charity Trustees Donations to support Diaconal work 0 0 0 0
Methodist Church Fund National Methodist Fund Grant to support Meeting Point 0 0 0 0
Methodist Church Fund National Methodist Fund Assessment 0 87,163 0 0
Methodist ministers housing association Body to support retired ministers Grant 0 1,660 0 0
Total 439,128 109,296 0 12,443
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Leeds North and East Circuit TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022

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 2021 to 31 August 2022.

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 2021/22 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 deficit (including movement on Model Trust Funds) was £162,333 compared to a budgeted deficit of £115,743. This is largely due to the operating deficit of £117,192 (compared to budgeted deficit of £108,743), as well as a deficit on the Model Trust Fund (compared to budgeted deficit of £8,000; the deficit is due to the levy charged by the Trustees for Methodist Church Purposes on opening cash balances held by them).

There were no significant differences, with the deviations from the original budget being as follows:

Overall reserves increased by £597,115 due to the revaluation of properties held at year-end, less the combined deficits from normal operations and the Model Trust Funds, due to a combination of the net gain on the sale of the properties and the revaluation of properties held at year-end, less the operational deficit.

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 £395,694 is lower than last year due to a conscious decision by the Circuit Meeting to provide across-the-board relief to churches as they continue their slow recovery from the COVID-19 pandemic.

The support from the Scurrah Wainwright Trust unfortunately came to an end during this year. This was not due to any unwillingness on the part of the Trust to continue providing such funding, but with the closure of the Gipton church at the end of December 2021, the position of the Circuit Lay Worker performing pastoral duties in the Gipton area (which the Trust was funding) became redundant.

Expenditure trends

With the ministerial staff being reduced by one presbyter from the beginning of this Connexional year, ministerial costs have reduced.

Lay employment costs were also reduced due to one position becoming redundant, and two members of staff seeking employment outside the Circuit. The cost savings are not that significant due to the payment of redundancy pay and the resignations taking place later during the Connexional year, but this should make a significant difference in 2022/23.

Fund balances

Total Circuit funds (excluding Trust properties) increased from £502,168 to £933,488 due to the sale of the two properties, partly offset by the current deficit. The resultant year-end fund balance is sufficient to cover just short of two years’ expenditure.

Plans for 2022/23

Following the reduction in staff by one presbyter and three lay employee positions during 2021/22, these staffing levels staffing levels will remain unchanged for 2022/23 except for the United Reformed Church (URC) minister who will be serving part-time at Christ Church Halton, a Local Ecumenical Partnership between the Circuit and the URC.

As indicated in last year’s report, Circuit assessments have been reduced for 2020/21 with the Circuit having taken a conscious decision to provide increased support from its reserves. This relief was extended further in 2021/22, given that churches were taking a lot longer to recover from COVIID-19 than had been anticipated.

While the Circuit's financial position remains sufficiently sound to provide such support in the short term, this is not a sustainable long-term position.

The Circuit had put together a major restructuring proposal aimed at reducing costs. Unfortunately, given that staffing forms a significant component of overall Circuit costs, this is the area that requires the greatest attention, with all lay staff being advised of a risk of possible redundancy.

While the position of one part-time member of staff became redundant last year (although the redundancy pay was only finalised and paid out during the current year), two other members of staff sought positions outside the Circuit. This meant that significant cost savings for 2022/23 could be achieved without having to resort to any further redundancies, and the ‘at-risk’ status was lifted at the beginning of 2023.

However, for the Circuit to realise its aim of achieving a balanced budget by the end of the 2024/25 Connexional year, further cost reductions would need to be made.

With the current invitation terms of three of our ministers (two presbyters and one deacon) coming to an end in August 2023, one presbyter’s invitation was extended for a further two years while the other opted to enter the stationing process. The incumbent deacon also opted to enter the stationing process, but a probationer deacon was appointed in this post.

The net result will be a reduction of one minister from the beginning of the 2023/24 Connexional year, with pastoral responsibilities being reallocated amongst the remaining ministers.

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 2022 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 2021

Active Circuit Ministers Revd George Bailey (Co-Superintendent) Revd Edward Sakwe Revd Tanya Short (Co-Superintendent) Revd Becki Stennett Revd Mark Stennett Deacon Liesl Warren Revd Helen White Circuit Lay Workers Mr John Burland (secretary) (members of Circuit meeting) Mrs Mary Saddler Ms Denise Cariss Circuit Stewards Mrs Barbara Belsham Mr Andy Birkett Mrs Jennifer Dalton Mrs Janice Green (Senior) Mrs Anne Kirkland

Steven Jones (Circuit Finance Steward) 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

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 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 Superintendent Ministers. 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 the 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, Lidgett Park, Newbourne, Oakwood, Roscoe, Scholes, Seacroft, Shadwell, 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.

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 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 and 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 2022 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:

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

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The 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:

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

At the completion stage of the audit, the engagement partner's review included ensuring the team had approached their work with appropriate professional scepticism and thus the capacity to identify noncompliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed noncompliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

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 charily's trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Ae8ulations 2008. Our auditwork h35 been undertakÈn so that we might5t8te to the chariWs trustees those matters we are required to state to them in an audttorfs report and lor no other purpose. To the fullÈst extent permitted by law, we do not accept or 35sume responsibility to anyone other than the charity and the charit¢s trustees a5 a bDdy, fDr our audit work. lor this report. or for the opinion5 we have formed. 9th May 2024 s CIX)rnbs iih)IbS Thomas Coombs knmited 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 LSIS 8ZB

Circuit No

LEEDS NORTH AND EAST CIRCUIT

16-02

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Notes to the
accounts
Income
1 Donations and legacies
4
2 Income from monetary investments
5
3 Income from investment properties
6
4 Assessments on Churches
5 Capital Receipts
7
6 Grants received
7 Other charitable income
8Total income
Expenditure
9 Grants and donations
9
10 Salaries and associated costs
8
11 Property maintenance
12 Connexional assessment & model trust levy
13
13 District Assessment & Levy
13
14 Depreciation
15 Office expenses
10
16 Other outgoings
11
17Total charitable expenditure
18 Gains/(losses) on monetary investments
19 Gains/(losses) on investment properties
20Net income/(expenditure)
21 Transfers between funds
22 Other gains/(losses)
12
23Net movement in funds
24 Total funds brought forward
25 Total funds carried forward		 General Fund
(Unrestric-ted)
Circuit Model
Trust
(Unrestric-ted)
Designated
Funds
(unrestric-ted)
Restricted
Funds
Endowment
Funds
Total
2021-22
£
£
£
£
£
£
26,590
-
-
15,410
-
42,000
478
3,232
-
42
-
3,752
-
-
-
19,809
-
19,809
395,695
-
-
-
-
395,695
-
-
-
-
-
0
6,854
-
-
6,854
-
-
-
29,918
-
29,918
429,617
3,232
-
65,179
-
498,028
20,153
-
-
-
-
20,153
296,949
-
-
17,163
-
314,112
45,221
14,520
59,741
20,122
-
20,122
85,418
46,282
131,700
-
0
58,260
2,091
-
725
-
61,076
20,687
-
-
30,320
-
51,007
546,810
48,373
0
62,728
0
657,911
0
0
-117,193
-45,141
0
2,451
0
-159,883
372,639
-
372,639
0
402,362
-
-
354,636
-
756,998
-87,470
327,498
0
357,087
0
597,115
2,848,828
361,123
49,334
1,262,080
-
4,521,365
2,761,358
688,621
49,334
1,619,167
-
5,118,480

Circuit No

LEEDS NORTH AND EAST CIRCUIT

16-02

Statement of Financial Activities (SOFA) for the year ended 31 August 2021

Notes to the
accounts
Income
1 Donations and legacies
4
2 Income from monetary investments
5
3 Income from investment properties
6
4 Assessments on Churches
5 Capital Receipts
7
6 Grants received
7 Other charitable income
8Total income
Expenditure
9 Grants and donations
9
10 Salaries and associated costs
8
11 Property maintenance
12 Connexional assessment & model trust levy
13 District Assessment & Levy
13
14 Depreciation
15 Office expenses
10
16 Other outgoings
11
17Total charitable expenditure
18 Gains/(losses) on monetary investments
19 Gains/(losses) on investment properties
20Net income/(expenditure)
21 Transfers between funds
22 Other gains/(losses)
12
23Net movement in funds
24 Total funds brought forward
25 Total funds carried forward		 General Fund
(Unrestric-ted)
Circuit Model
Trust
(Unrestric-ted)
Designated
Funds
(unrestric-ted)
Restricted
Funds
Endowment
Funds
Total
2020-21
£
£
£
£
£
8,451
-
-
23,039
-
31,490
362
787
-
23
-
1,172
-
-
-
3,588
-
3,588
435,439
-
-
-
-
435,439
-
388,553
-
-
-
388,553
11,576
-
-
-
-
11,576
-
-
-
10,332
10,332
455,828
389,340
-
36,982
-
882,150
23,283
-
-
-
-
23,283
324,065
-
-
17,073
-
341,138
14,429
-
-
8,356
-
22,785
20,533
281,239
-
-
-
301,772
87,163
8,500
-
-
-
95,663
-
-
-
-
-
0
54,580
440
-
784
-
55,804
14,210
-
-
32,253
-
46,463
538,263
290,179
0
58,466
0
886,908
0
-82,435
99,161
0
-21,484
0
-4,758
0
56,712
41,956
-
35,488
-
134,156
-25,723
141,117
0
14,004
0
129,398
2,874,551
220,006
49,334
1,248,076
4,391,967
2,848,828
361,123
49,334
1,262,080
-
4,521,365

Circuit No

LEEDS NORTH AND EAST CIRCUIT

16-02

Statement of Financial Activities (SOFA) for the year ended 31 August 2022 - NOTES

Notes to the
accounts
4. Income - Donations and legacies
4.1 Donations
4.2 Legacies
Total
5. Income - Monetary investments
5.1 Central Finance Board
5.2 Trustees for Methodist Church Purposes
5.3 Current accounts
5.4 Other
Total
6. Income - Investment properties
6.1 Rental income - Meeting Point flat
6.2 Rental income - Moortown Methodist Centre
6.3 Rental income - Circuit manse
6.4 Other
Total
7. Income - Capital receipts
7.1 Proceeds on sale - churches
7.2 Other
Total		 General Fund
(Unrestric-ted)
Circuit Model
Trust
(Unrestric-ted)
Designated
Funds
(unrestric-ted)
Restricted
Funds
Endowment
Funds
Total
2021-22
£
£
£
£
£
£
26,590
15,410
42,000
0
26,590
-
-
15,410
-
42,000
381
381
97
3,232
42
3,371
0
0
478
3,232
-
42
-
3,752
2,470
2,470
17,339
17,339
0
-
-
-
19,809
-
19,809
-
0
0
-
-
-
-
-
-		 Total
2020-21
£
31,490
0
31,490
362
810
0
0
1,172
990
2,598
0
3,588
388,553
0
388,553

Circuit No

LEEDS NORTH AND EAST CIRCUIT

16-02

Statement of Financial Activities (SOFA) for the year ended 31 August 2022 - NOTES (continued)

Notes to the
accounts
8. Expenditure - Salaries and associated costs
8.1 Gross wages, salaries, and benefits-in-kind
8.2 Employer's National Insurance costs
8.3 Employer's pension costs
Total
9. Expenditure - Grants and donations
9.1 Grants (Meeting Point - operating shortfall)
9.2 Grants (Meeting Point - assistant manager post)
9.3 Grants (Meeting Point - manager employer's NI)
9.4 Grants (WIFCOS)
9.5 Grants (Methodist Ministers Housing Society)
9.6 Grants (Leeds Methodist Extension Society)
9.7 Grants (Leeds Mission)
9.8 Grants (WYDAN)
9.9 Grants (other)
Total
10. Expenditure - Office expenses
10.1 Travel
10.2 Telephones and internet (Circuit Office, Meeting Point)
10.3 Telephones and internet (ministers and lay staff)
10.4 Photocopying (net of recoveries)
10.5 Postage, stationery, and other
10.6 Council Tax
10.7 Insurance
10.8 Water
10.9 Other
Total		 General Fund
(Unrestric-ted)
Circuit Model
Trust
(Unrestric-ted)
Designated
Funds
(unrestric-ted)
Restricted
Funds
Endowment
Funds
Total
2021-22
£
£
£
£
£
£
231,323
17,163
248,486
18,920
18,920
46,706
46,706
296,949
-
-
17,163
-
314,112
-
0
9,571
9,571
991
991
65
65
1,640
1,640
80
80
3,000
-
-3,000
2,000
2,000
8,806
8,806
20,153
-
-
-
-
20,153
7,068
7,068
729
725
1,454
8,443
8,443
3,268
3,268
5,739
5,739
13,511
13,511
4,719
4,719
5,144
5,144
9,639
2,091
11,730
58,260
2,091
-
725
-
61,076		 Total
2020-21
£
268,418
20,394
52,326
341,138
0
12,839
1,164
2,600
1,600
80
3,000
2,000
0
23,283
3,612
2,590
8,931
361
9,694
14,314
5,382
3,243
7,677
55,804

Circuit No

LEEDS NORTH AND EAST CIRCUIT

16-02

Statement of Financial Activities (SOFA) for the year ended 31 August 2022 - NOTES (continued)

Notes to the
accounts
11. Expenditure - Other outgoings
11.1 Lecturer allowance (Cliff College)
11.2 Assessments paid - ecumenical partnerships
11.3 Audit fees
11.4 Expenses relating to sold properties (churches)
11.5 Expenses relating to sold properties (manses)
11.6 Expenses relating to closed churches
11.7 Expenses related to aborted projects
11.8 Honoraria - supernumerary ministers
11.9 Other expenses (Meeting Point & Moortown)
Total
12. Other gains / (losses)
12.1 Net proceeds of trust properties sold (manses)
12.2 Revaluation of trust properties (manses, projects)
12.3 Less: Carrying amount of trust properties sold (manses)
Total		 General Fund
(Unrestric-ted)
Circuit Model
Trust
(Unrestric-ted)
Designated
Funds
(unrestric-ted)
Restricted
Funds
Endowment
Funds
Total
2021-22
£
£
£
£
£
£
1,692
1,692
9,754
9,754
4,660
4,660
-
0
-
0
4,331
4,331
-
0
250
250
30,320
30,320
20,687
-
-
30,320
-
51,007
-
0
402,362
354,636
756,998
-
-
0
402,362
-
-
354,636
-
756,998		 Total
2020-21
£
1,259
1,404
3,600
840
4,264
0
2,700
143
32,253
46,463
414,595
92,200
-372,639
134,156

13. District assessments and levy

The District assessment is calculated relative to the proportion of church members and staffing (ordained staff only) of all Circuits in the Yorkshire West District. A further adjustment is made to take into account an agreed maximum increase / decrease for each Circuit relative to the previous year.

The District levy is calculated on a sliding scale percentage of the Circuit's Model Trust Fund balance with Trustees for Methodist Church Purposes as at 31 August of the previous year.

District assessments
District levy		 85,418
46,282

14. Payments to Trustees

Payments made to Trustees for additional services provided to the Circuit by agreement with the Circuit Meeting Payments made to Trustees for reimbursement of expenses incurred on behalf of the Circuit Number of Trustees to whom expenses were paid

0 0
21,734 20,495
17 18

Circuit No 16-02

LEEDS NORTH AND EAST CIRCUIT

Balance Sheet as at 31 August 2022

GN

----- Start of picture text -----
Circuit Designated
Notes to the General Fund Model Trusts Funds Restricted Endowment Totals Totals
Accounts (Unrestricted) (Unrestricted) (Unrestricted) Funds Funds 2021/22 2020/21
£ £ £ £ £ £ £
Fixed Assets
Circuit Manses & Equipment 15 2,728,158 0 2,728,158 2,325,796 R
Investment properties 16 0 1,583,878 0 1,583,878 1,229,242 R
Investments - 0 0
Total fixed assets 2,728,158 0 0 1,583,878 0 4,312,036 3,555,038
Current Assets
Debtors 17 23,252 0 0 0 0 23,252 22,336 S
Loans by the Circuit 18 12,433 0 0 0 0 12,433 12,433
Investments with TMCP - 0 688,621 49,334 737,955 783,096
Central Finance Board Deposits - 106,140 10,076 116,216 237,616 T
Cash at Bank and in hand 19 6,185 0 0 25,213 0 31,398 29,115
Total current assets 148,010 688,621 49,334 35,289 0 921,254 1,084,596
Current liabilities
Creditors (due in under 1 year) 20 113,210 0 0 0 0 113,210 111,069 U
Grants payable within 2021-22 21 1,600 0 0 0 0 1,600 7,200 V
Total current liabilities 114,810 0 0 0 0 114,810 118,269
Net current assets/liabilities 33,200 688,621 49,334 35,289 0 806,444 966,327
Total assets less current liabilities 2,761,358 688,621 49,334 1,619,167 0 5,118,480 4,521,365
Long term liabilities (due after more than one
year)
Grants payable after 2021-22 0 0 V
Loans to the Circuit 0 0
Net assets 2,761,358 688,621 49,334 1,619,167 0 5,118,480 4,521,365 W
----- End of picture text -----

Circuit No 16-02

LEEDS NORTH AND EAST CIRCUIT

Balance Sheet as at 31 August 2022

GN

----- Start of picture text -----
Circuit Designated
Notes to the General Fund Model Trusts Funds Restricted Endowment Totals Totals
Accounts (Unrestricted) (Unrestricted) (Unrestricted) Funds Funds 2021/22 2020/21
£ £ £ £ £ £ £
Funds of the Circuit
General Fund (Unrestricted) 2,761,358 2,761,358 2,476,189
Circuit Model Trust Fund (Unrestricted) 688,621 688,621 733,762 W
Designated Funds (Unrestricted) 49,334 49,334 49,334
Total Unrestricted Funds 3,499,313 3,259,285
Restricted Funds 1,619,167 1,619,167 1,262,080
Endowment Funds 0 0 0
Total Funds 2,761,358 688,621 49,334 1,619,167 0 5,118,480 4,521,365
0 0 0 0 0 0
----- End of picture text -----

Signed

Circuit Treasurer

Circuit No 16-02

LEEDS NORTH AND EAST CIRCUIT

Balance Sheet as at 31 August 2022 - NOTES (continued)

GN

15. Circuit manses and equipment

15.1 120 Stainbeck Lane, Leeds West Yorkshire, LS7 3QS 15.2 16 Kingswood Gardens, Leeds West Yorkshire, LS8 2BT 15.3 7 Gledhow Park Road, Leeds West Yorkshire, LS7 4JX 15.4 52 Nursery Lane, Leeds West Yorkshire, LS17 7HW 15.5 2 Elmete Walk, Leeds West Yorkshire, LS8 2LB 15.6 11 Mercia Way, Leeds West Yorkshire, LS15 8UA 15.7 29 Station Fields, Garforth, Leeds West Yorkshire, LS25 1PS 15.8 8 Primrose Close, Leeds West Yorkshire, LS15 7RT Total

16. Investment properties

16.1 409 Harehills Lane, Leeds West Yorkshire, LS9 6AP 16.2 Alderton Rise, Leeds West Yorkshire, LS17 5LH Total

17. Debtors

17.1 Prepaid salaries 17.2 Other prepayments 17.3 Other debtors Total

18. Loans by the Circuit

18.1 Yorkshire West District Total

19. Cash at bank and in hand

19.1 Current account - CAF Bank

19.2 Current account - Barclays Bank

19.3 Current account - Yorkshire Bank / Virgin Money

19.4 Cash on hand

Total

----- Start of picture text -----
Circuit Designated
Notes to the General Fund Model Trusts Funds Restricted Endowment Totals Totals
Accounts (Unrestricted) (Unrestricted) (Unrestricted) Funds Funds 2021/22 2020/21
£ £ £ £ £ £ £
489,282 489,282 417,120
452,584 452,584 385,835
- 0 0
397,236 397,236 338,650
397,545 397,545 338,913
286,515 286,515 244,258
356,463 356,463 303,890
348,533 348,533 297,130
2,728,158 2,728,158 2,325,796
-
360,658 360,658 360,658
-
1,223,220 1,223,220 868,584
- -
1,583,878 1,583,878 1,229,242
19,615 19,615 18,699
- 0 0
3,637 3,637 3,637
- - - -
23,252 23,252 22,336
12,433 12,433 12,433
- - - -
12,433 12,433 12,433
6,185 6,185 6,311
21,054 21,054 20,765
4,059 4,059 1,939
100 100 100
- - -
6,185 25,213 31,398 29,115
----- End of picture text -----

Circuit No 16-02

LEEDS NORTH AND EAST CIRCUIT

Balance Sheet as at 31 August 2022 - NOTES (continued)

GN

Notes to the
Accounts
20. Creditors (due in under 1 year)
20.1 Church assessments received in advance
20.2 Grants received in advance
20.3 Other creditors
Total
21. Grants payable within current year
21.1 Meeting Point - operating shortfall
21.2 Meeting Point - assistant manager gross pay
21.3 Meeting Point - assistant manager employer's NI
21.4 WIFCOS
21.5 Methodist Ministers Housing Society
21.6 Leeds Mission
21.7 WYDAN
21.8 Other grants payable within current year
Total		 General Fund
(Unrestricted)
Circuit
Model Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2020/21
£
£
£
£
£
£
93,174
93,174
-
0
20,036
20,036
113,210
-
-
-
-
113,210
-
0
-
0
-
0
-
0
1,600
1,600
-
0
-
0
-
0
1,600
-
-
-
-
1,600		 Totals
2019/20
£
94,175
6,854
10,040
111,069
0
0
0
2,600
1,600
3,000
0
0
7,200

Circuit No 16-02

LEEDS NORTH AND EAST CIRCUIT

Cash flow statement for the year ended 31 August 2022

2022 2021
Statement of cash flows Note
£		 £
Cash from operating activities
Net cash used in operating activities		 -187,819 -763,360
Cash flows from investing activities
Interest income
Rental income
Proceeds from the sale of investment property		 3,752
19,809
-		 1,172
3,588
414,595
Net cash provided by investing activities
Cash flows from financing activities
New borrowing
Repayments of borrowing		 23,561
0
0		 419,355
0
0
Net cash used in financing activities 0 0
Change in cash and cash equivalents in the reporting period -164,258
Cash and cash equivalents at the beginning of the reporting period 1,049,827
Cash and cash equivalents at the end of the reporting period 885,569 1,049,827

Circuit No 16-02

LEEDS NORTH AND EAST CIRCUIT

Cash flow statement for the year ended 31 August 2022 (Continued)

2022 2021
Reconciliation of net income to net cash flow from operating activities £ £
Net income for the reporting period (as per statement of financial activities)
Adjustments for:
Interest & rental income
Profit on the sale of investment property
Gains on investments
(increase)/decrease in debtors
increase/(decrease) in creditors
Net cash used in operating activities
Analysis of cash and cash equivalent		 597,115
23,561
-
-
756,998
-
916
-
3,459
-
-187,819
2022
£		 129,398
4,760
-
787,234
-
92,200
-
1,078
9,642
-
-763,360
2021
£
Cash in hand 885,569 1,049,827
Short term deposit (less than 3 months) 0 0
Total cash and cash equivalents 885,569 1,049,827

Leeds North and East Circuit DECLARATIONS

Treasurer

I confirm that these accrual-based accounts for the year ended 31 August 2022 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting.

Signature of Date Treasurer 14 May 2024 Name of Treasurer Steven Jones Address 37 Fletchers Way, Allerton Bywater, Castleford WF10 2FL

Presentation to the Circuit Meeting for approval.

I confirm that the annual report and accounts for the year ended 31 Aug 2022 were, 14 ~~or will be~~ presented to the Circuit Meeting at its meeting on September 2023 and were approved. Signature of the Chair of the meeting Name of the Chair Rev George Bailey* of the meeting Date 14-05-2024 _______________