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Trustees Report and Annual Accounts for the year ended 31[st] August 2020

Trustees’ Annual report for the year ended 31[st] August 2020

Introduction

The Trustees of the Wharfedale & Aireborough Circuit of the Methodist Church are pleased to present their Report for the year ended 31[st] August 2020.

Review of the Year

The Circuit operates 6 unrestricted and 5 restricted separate, open funds within its Accounts. The purpose of each Fund is summarised below and expanded in Notes to the Accounts BS6.

The majority of the Circuit’s finances are processed through its General Account

The General Fund deals with all the day-to-day expenditure of the Circuit; primarily it meets the cost of the presbyters and employees of the Circuit, contributes to District and Connexion costs and meets the cost of running and maintaining the manses; to pay for these costs the Circuit raises Assessments on each Church in the Circuit with the intention to raise just sufficient income to cover the budgeted expenditure

A deficit of £17.1k arose on the Circuit’s General Fund during the year as can be clearly illustrated by the following summarised comparison of the actual result and the budgeted result

	Actual	Budget
	£ ‘000	£ ‘000
Income	410	417
Expenditure	-405	-417
Transfer Out	-18	0
Surplus/deficit	-13	0

The Circuit Model Trust Fund exists to meet the need for major expenditure on Circuit property or to meet Circuit projects, both of which require the ultimate approval of the Trustees for Methodist Church Purposes (“TMCP”). The Fund reduced in value for £54k to £33k during the year as

funds were applied to manse refurbishment projects in the year (£13k), Circuit loan to District re Leeds City Centre Mission (£3.5k) and payment of a grant to support the cost of a lay worker at Menston Methodist Church (£5k).

There are five Restricted Funds :

Four of these were created many years ago, (Local Preachers’ Library, Education and Youth, Small Churches and Training Fund) and have small balances carried forward from one year to the next. The Circuit intends to review the continued purpose of each in the future. The only one of the four historic Funds which saw any activity during the year was the Training Fund. Full details of all the Restricted Funds are shown in BS6 to the Accounts.

The CAP Debt Centre Fund was created in 2019 for the restricted purpose of separately managing donations and other income to be used to pay for the operation of a Christians Against Poverty (CAP) Debt Centre. Donations of £5.5k were received and a grant of £6.5k from Connexional funds. Expenditure of £15.4k was incurred made up of the costs of employing a part-time Debt Centre Manager and a monthly fee payable to CAP.

There are four unrestricted designated Funds:

The Property Fund was established in 2011 and exists to deal with the uneven incidence of maintenance and repair costs at the Circuit’s 7 manses. (note9 below)

The Beamsley Fund was created in 2010 when the surplus funds of the Beamsley Chapel were transferred to the Circuit following the closure of the chapel. Since that time the Fund has been augmented by rents received from the tenants at the chapel.

The Fund for the Norwood Chapel and Retreat Centre was created in 2014 when the funds of the Norwood Church were transferred to the Circuit and the congregation became a class of Otley Church. A decision was made at the Circuit Meeting in February 2018 to continue worship at Norwood and maintain a meeting facility. To support the upkeep of the building and running costs, Norwood cottage is let at a commercial rent under an Assured Short Term Tenancy, further supported by the enrolment of ‘Friends of Norwood’ whose contribution mitigates the costs of the Chapel. During the year an appeal was made to churches and members around the Circuit for funds to refurbish the Chapel and attached cottage in order to continue activity.

The Fund for Timble Chapel and Retreat Centre was created during 2019 after Circuit Meeting elected to close the Chapel for regular worship. A small cash balance (£1k) held by the local management team was transferred into Circuit Funds to support the minimal running costs (insurance and electricity). Post August 2020 the Circuit Meeting resolved to cease all worship at Timble Chapel and made steps to dispose of the property in 2021.

In Aggregate the Circuit’s total Funds as at 31[st] August 2020 stood at £2,819k, a decrease from 2020 of £17k.

Plans for 2020/21 and beyond

At the time the Budget for the current year (2020/21) was prepared it was envisaged that there would be 5.7 staff and 4 part-time lay employees supporting administration (10 hours per week), finance (17.5 hours per week) property (14 hours per week), CAP Debt Centre (16 hours per week) the equivalent of 1.6 full time employees. Account was taken of known stipend and salary increases for 2020/21 and the known increase in District and Connexion costs; sensible estimates were made about all other Circuit costs. It was on this basis that the Assessments on churches for the current year were compiled. Since the budget was agreed, decisions were taken by Circuit Meeting to employ an additional part-time presbyter from December to July at an approximate cost of £16k will lead to an overspend against budget. Due consideration has been given to the ongoing Covid-19 pandemic and no increases have been applied to church assessments.

Review of Circuit Staff Resources; during the year 2020/21 the Circuit will be conducting a review of Circuit Staff Resources both to prepare for a new Circuit Staff model to come into effect in September 2022 and to ensure that the model for our Circuit Lay Support Staff targets resources as effectively as possible.

Review of property held – during the year 2020/21 the Circuit completed the sale of the Timble Chapel and conducted a review of the number and location of Circuit Manses making the decision to reduce the number of Manses from 7 to 5 in line with the expected staffing levels.

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31[st] August 2020 have been prepared in accordance with 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 Ireland (FRS 102) (effective from 1 January 2015) – (Charities SORP (FRS (102)).

Full name of Charity	The Wharfedale & Aireborough Methodist Circuit
Registered CharityNumber	1132357

Date of registration	2011
Main communication address	20 Far Mead Croft Burley-in-Wharfedale LS29 7RR

The Members of the Wharfedale & Aireborough Methodist Circuit meeting are the Charity Trustees, membership being made up of Circuit office holders, ministers and representatives appointed by local churches.

Full membership is shown as Appendix A to this Report

Circuit Ministers and Officers

Active Circuit Ministers Rev. Roberta Topham Rev. Shannon DeLaureal Rev. Roger Smith Rev. Tim Perkins Deacon Jenny Parnell Rev. Leonora Wassell (p-t) Rev Elizabeth Day (p-t)

As Superintendent Minister, the Reverend Timothy Perkins acted as chair of the Circuit Meeting.

Circuit Employees

During the year, the Circuit employed Michael Fawcett as a part-time administrator who also acts as Circuit Secretary, Mrs Beverley Downes, part-time Property and Finance Officer and Mrs Carol Tooke, part-time Circuit Finance Advisor and Mrs Samantha Price, part-time Circuit CAP Debt Centre Manager.

Circuit Stewards

The Circuit Stewards in office in the year ended 31[st] August 2020 were as follows:

Mrs Vivien Pitts Mr Richard Lowe Mrs Pauline Tate Mrs Margo Atkinson Mrs Hilary Murden

Circuit Finance matters are supported by Mr Richard Lowe who is Steward with responsibility for Finance Matters, supported by lay employee Mrs Carol Tooke, Circuit Finance Advisor.

The Circuit Ministers and Circuit Stewards meet 6 to 8 times a year as a Circuit Leadership Team.

The Independent Examiner is Stewardship Services (UKET) Limited of 1, Lamb’s Passage, London EC1Y 8AB and one of their employees (this year Anjay Rajani FCIE) acts as the charity’s independent examiner.

The Circuit’s Investment Bankers are the Central Finance Board of the Methodist Church and Trustees for Methodist Church purposes

The Circuit’s bank account is held at CAF Bank Ltd.

Aims and Organisation

The Charity’s objective is to act as a resource provider for the Methodist Church within an area north west of Leeds between Rawdon and Guiseley to the south, Pool-in-Wharfedale to the east, Timble and Norwood to the north, and Ilkley and Addingham to the west.

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 Promoting of Christianity through the staging of events and services Provision of chaplaincy services to local 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.

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 an 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.

Addingham Methodist Church

Ben Rhydding Methodist Church Bramhope Methodist Church Burley-in-Wharfedale Methodist Church Guiseley Methodist Church Hawksworth Methodist Church Christchurch Ilkley Church Menston Methodist Church Norwood Chapel Otley Methodist Church Pool-in-Wharfedale Methodist Church Rawdon Trinity Church Timble Methodist Church Yeadon Methodist Church

Christchurch Ilkley and Rawdon Church operate as part of Local Ecumenical Partnerships (“LEPS”). Christchurch Ilkley is an LEP involving Methodists and the United Reformed Church; that at Rawdon involves Methodists and members of the United Reformed Church and the Baptist Church.

Risk Management

The major risks have been identified and recorded by the Circuit Finance and Property Committees with professional advice taken as required. There is a regular annual review process 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 recreation 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 be 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 Wharfedale & Aireborough 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 Wharfedale & Aireborough Methodist 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

Impact of Covid-19 pandemic

The impact of the Covid-19 pandemic affected the Circuit and its churches from March 2020. The Circuit relies upon income from its churches which in turn depends mainly upon income collected from members and rental income obtained from the use of buildings from e.g. community groups. Churches of the Circuit have been unable to hold regular worship or meetings and have been unable to make buildings available to community groups, activity has been limited to small gatherings when permitted and to online services. Circuit income has been maintained throughout the pandemic as churches have met the requested assessment of contribution and operating costs have been mitigated through lower travel expenses of ministers, lower building costs for e.g. heating, and when appropriate, the use of the government’s furlough scheme.

Reserves Policy

The Circuit’s Reserves Policy is set out in Note BS9 to these Accounts, following a review and recommendations from the Circuit’s Finance team, the reserves policy was updated during 2019. The Circuit’s Reserves as at 31st August 2020 satisfy the Circuit’s new tests. Regular monitoring is required to ensure adherence to policy and if necessary, to put into place a plan to augment the Circuit’s funds.

Post Covid-19 impact, reserves as at February 2021 met the minimum required and the Circuit has no plans to build reserves during the ongoing pandemic.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

Notes to
the
accounts
Income
1 Donations and legacies
2 Income from monetary investments
3
3 Income from investment properties
4 Assessments on Churches
4
5 Capital Receipts
6 Grants received
5
7 Other charitable income
6
8Total income
Expenditure
9 Grants and donations
7
10 Salaries and associated costs
8
11 Property maintenance
9
12 Connexional assessment & model trust levy
10
13 District Assessment & Levy
10
14 Depreciation
15 Office expenses
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
BS6
22 Other gains/(losses)
23Net movement in funds
24 Total funds brought forward
25 Total funds carried forward

General Fund
(Unrestricted)
Circuit Model
Trust
(Unrestricted)
Designated
Funds
(unrestricted)
Restricted
Funds
Endowment
Funds
Total
2019-20
Total
2018-19
£
£
£
£
£
£
£
0
0
719
750
-
-
1,469
1,245
0
0
396,010
-
396,010
372,344
-
0
124,893
-
-
-
6,500
6,500
7,500
13,365
18,050
5,841
37,256
51,618
410,094
750
18,050
12,341
-
441,235
557,600
-
5,000
1,750
-
6,750
11,000
286,955
-
-
9,690
296,645
282,653
-
12,860
10,719
-
23,579
28,715
70,935
1,359
-
-
72,294
79,144
12,265
-
12,265
11,793
0
0
0
0
34,525
108
7,225
6,326
48,184
55,653
404,680
19,327
19,694
16,016
0
459,717
468,958
0
0
-
0
0
5,414
-18,577
-1,644
-3,675
0
-18,482
88,642
18,501
-
3,499
-
22,000
0
0
0
0
-13,087
-22,076
20,356
-3,675
0
-18,482
88,642
2,728,825
54,356
35,315
19,050
-
2,837,546
2,748,904
2,715,738
32,280
55,671
15,375
-
2,819,064
2,837,546

Balance Sheet as at 31 August 2020

Fixed Assets	Notes to the Accounts	General Fund (Unrestricted) £	Circuit Model Trusts (Unrestricted) £	Designated Funds (Unrestricted) £	Restricted Funds £	Endowment Funds £	Totals 2020 £	Totals 2019 £

Circuit Manses & Equipment	BS1	2,699,181					2,699,181	2,699,181
Investmentproperties						0		0
Investments							0	0
*Total fixed assets*		2,699,181	0	0	0	0	2,699,181	2,699,181
Current Assets
Debtors	BS2	24,805		189	0		24,994	29,495
Loans bythe Circuit	BS2	3,499					3,499	0
Investments with TMCP	BS3		32,280				32,280	54,357
Central Finance Board Deposits	BS4	82,987		55,482	15,375		153,844	131,062
Cash at Bank and in hand	BS4	8,037					8,037	3,702
*Total current assets*		119,328	32,280	55,671	15,375	0	222,654	218,616
Current liabilities
Creditors (due in under 1 year)	BS5	102,771		0	0		102,771	80,250
Grantspayable within 2020-21							0	0
*Total current liabilities*		102,771	0	0	0	0	102,771	80,250
*Net current assets/liabilities*		16,557	32,280	55,671	15,375	0	119,883	138,366

*Total assets less current liabilities*		2,715,738	32,280	55,671	15,375	0	2,819,064	2,837,547
		0 0 0 2,715,738 32,280 55,671 15,375 0 2,819,064
Long term liabilities (due after more than one year)
Grantspayable after 2020-21							0	0
Loans to the Circuit							0	0
							0	0
*Net assets*		2,715,738	32,280	55,671	15,375	0	2,819,064	2,837,547

Funds of the Circuit							2,715,738 32,280 55,671 2,803,689 15,375 0 2,819,064
General Fund(Unrestricted)		2,715,738	32,280 55,671 15,375 0				2,715,738	2,728,825
Circuit Model Trust Fund (Unrestricted)			32,280				32,280	54,356
Designated Funds(Unrestricted)				55,671			55,671	35,315
*Total Unrestricted Funds*							2,803,689	2,818,496
Restricted Funds					15,375		15,375	19,050
Endowment Funds						0	0	0
*Total Funds*	BS6	2,715,738	32,280	55,671	15,375	0	2,819,064	2,837,546

Cash flow statement for the year ended 31 August 2020

		2020	2019
Statement of cash flows	Note	£	£
Cash from operating activities
Net cash used in operating activities		5,041	-54,800
Cash flows from investing activities
Dividends,interest and rents from investments		0	0
Proceeds from the sale of property,plant and equipment		0	524,893
Purchase of property,plant and equipment		0	-475,000
Purchase of intangible assets		0	0
Proceeds from the sale of investments		22,076	0
Purchase of investments		0	-7,417
Other		0	0
Net cash provided by investing activities		22,076	51,138
Cash flows from financing activities
New borrowing		0	0
Repayments of borrowing		0	0
Net cash used in financing activities		0	0
Change in cash and cash equivalents in the reporting period		27,117	-12,324
Cash and cash equivalents at the beginning of the reporting period		134,764	147,088
Cash and cash equivalents at the end of the reporting period		161,881	134,764
		2020	2019
Reconciliation of net income to net cash flow from operating activities		£	£
Net income for the reporting period ( as per statement of financial activities)		-18,482	88,642
Adjustments for:
Depreciation and amortisation charges		0	0
Profit on the sale of fixed assets		0	-124,893
Loss on the sale of fixed assets		0	0
Gains on investments		0	0
Dividends, interest and rents from investments		0	0
Decrease/(increase) in stocks		0	0
(increase)/decrease in debtors		1,002	1,173
increase/(decrease) in creditors		22,521	-19,722
Net cash used in operating activities		5,041	-54,800
		2020	2019
Analysis of cash and cash equivalent		£	£
Cash in hand		161,881	134,764
Short term deposit (less than 3 months)		0	0
Total cash and cash equivalents		161,881	134,764

Notes to the Accounts

Note 1. Basis of Accounting and Accounting Policies

a. Accounting Standard

The financial statements have been prepared in accordance with 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 Ireland (FRS 102) (effective from 1 January 2015) – (Charities SORP (FRS (102)).

b. FRS 102 SORP 2015

The Wharfedale & Aireborough Methodist Circuit meets the definition of public benefit entity under FRS 102.

c. Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts that show a true and fair view of the Circuit’s financial position and activities.

d. Content

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

e. Going Concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.

f. Consolidation

The Circuit has denominational regulatory oversight in respect of the work of the Churches within the Circuit but has no legal or operational control of those Churches or their governing bodies except in extreme circumstances. For this reason, the financial statements of Churches are not consolidated into these financial statements.

g. Income Recognition

The charity has taken the view that it has only one charitable activity, which is to raise income to support the activities of the churches within the Circuit, and all income is in respect of this one activity

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, the trustees are reasonably certain they will receive the resources and the monetary value can be measured with sufficient reliability.

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

The Circuit acts as agent in two matters:

The collection from Churches and payment over of their contributions to various Funds controlled and administered by the Methodist Church –
“Connexional Funds”
The administration (application, collection and disbursement) of grants requested by Churches within the Circuit from, but not limited to, the
District and Connexion

In all these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or Churches as appropriate. Instead the transactions are disclosed in the Notes to The Accounts as required by SORP(FRS102), module 19.12.

In accordance with the Charities SORP (FRS102), the time of volunteers is not recognised

h. 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.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The charity has taken the view that it has only one charitable activity, which is to support the activities of the churches within the Circuit, and all expenditure is incurred for this one activity.

i. VAT

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

j. Tangible fixed assets for use by the Circuit

The freehold property is shown in the accounts at 2019 deemed values, values were determined by reference to local estate agents in 2014, except where a later purchase was made, then purchase price is used. First time adoption of FRS 102 allows for values to be deemed as the values held 1 Sep 2015. 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. The property has been reviewed for impairment.

The Circuit has made use of the deemed cost option on transitioning to FRS102.

k. Investment Properties

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

From time to time the Circuit may hold residential property (formerly manses) which is surplus to its normal staffing requirements. Where this is the case and it is anticipated that the property is unlikely to be used as a manse within a period of two years, the property is classified as Investment Property (whether let or not) and any lets are at market rates unless there is a compelling reason not to do so in furtherance of the Circuit’s charitable objectives.

l. Investment - Monetary

The Circuit’s investments are in monetary assets classified as basic financial instruments under FRS 102 and are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP.

m. Receivables and Prepayments; Bank and Cash (Basic Financial Instruments)

Debtors are stated at the amounts owed to the Circuit or prepaid. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or the amount advances to the Circuit. Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable values.

n. Loans as Basic Financial Instruments

Where concessionary loans (i.e. free of interest) are made or received by the Circuit to further its charitable purposes and these 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 impairment where necessary. Where there is objective evidence of impairment, an immediate loss is recognised in the SOFA. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised are recognised immediately in the SOFA. Where loans require the calculation of a discounted cash flow valuation, this will be so marked.

o. Methodist Connexional Funds

The Methodist Church Connexion raises assessments against Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District quarterly remits to The Methodist Circuit Fund most of the sum received from the Circuits. A small sum is retained by the District to meet its own costs. The Circuit may act as agent for ad hoc collections for various funds controlled and administered by The Methodist Church. These are detailed in Note BS7 below.

p. 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 are funds which are held for a narrower purpose. There are no Endowment funds. Details of each material fund and the movement on those funds are disclosed in note BS6 to these accounts.

q. Ministers’ Manse Costs

The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Circuit bears the cost of repairs, maintenance, buildings insurance, Council Tax and water charges. These figures are not separately disclosed as benefits-in-kind for ministers as HMRC does not seek to tax these receipts against the minister.

r. Grants

Grants made by the Circuit from its own funds are recognised in full at the time of agreement to make a grant without performance conditions or as and when the Circuit accepts that there is a legal or operational obligation to make the payment if it is subject to performance conditions. When the grant to be accrued is recurrent over more than one year the balance payable in future years, discounted to net present value where the difference is material, is treated as a provision for future commitments in the balance sheet against the appropriate fund, the provision being released in future years in accordance with the originally agreed terms. In cases where the grant has been charged to one fund but for ease of payment has been transferred to another fund any future payment provision is applied to the fund from which the grant will ultimately be paid.

s. Pension and Staff Costs

The Charity makes payments to the Methodist Ministers' Pension Scheme '(MMPS)' which is a defined benefit scheme operated by The Methodist Church. The Circuit accounts for contributions paid for by the ministers and the circuit as a defined contribution as no liability for past service sits with the circuit. A defined contribution pension scheme for the lay staff. All circuit contributions to the scheme are charged to the income and expenditure account in the period to which they relate.

Note 2. Glossary of Terms

CFB: Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled investment funds for Methodist entities in Great Britain and provides investment advice to those entities.

Church: a group of members from fewer than 10 to more than 300

Circuit: a group of Methodist Churches near each other, typically between 10 and 30

Circuit Meeting: The trustees of the Circuit, most of whom are appointed by their local Churches and others by virtue of a role they undertake for the Circuit and/or their local Churches.

CLT (Circuit Leadership Team): A group (comprising mostly, but not exclusively) of Circuit trustees responsible for the day to day administration and policy formation of the Circuit. Generally the CLT comprises the Presbyters and Deacons stationed within the Circuit and the Circuit Stewards.

CMTF: Circuit Model Trust Fund

Connexion: The Methodist Church in GB which includes the Head Office at Methodist Church House, all Methodist Districts, Circuits and Churches in Great Britain

Connexional Funds: The designated and/or restricted Funds held and administered by the Connexion in furtherance of its charitable and mission objectives. District: A group of contiguous Circuits, usually between 15 and 30

DAF: District Advance Fund

FRS: Financial Reporting Standard

HMRC: Her Majesty’s Revenue and Customs

Lay Employees: Personnel employed by the Circuit on generally accepted commercial employment terms

MMPS: Methodist Ministers’ Pension Scheme

Ministers (Including Superintendent): Probationer or Ordained Methodist Presbyters and/or Deacons who have pastoral and administrative responsibility for the Churches within the Circuit

PASLEMC: Pension and Assurance Scheme for Lay Employees of the Methodist Church

Pensions Trust: The Pensions Trust, the organisation through which the Circuit arranges a pension scheme for Lay Employees

SOFA: Statement of Financial Activities

SORP: Statement of Recommended Practice

TMCP: Trustees for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust property including legacies, endowments and accumulated funds.

General Fund	Circuit Model Trust Fund	Circuit Model Trust Fund	Restricted Funds Other	Restricted Funds Other	Restricted Funds CAP	Property Reserve	Beamsley Fund	Norwood	Timble	Total 2019 688 501 56 0

719		723 27
719		750		0	0	0	0	0	0	1,245
						Property Reserve	Beamsley Fund	Norwood	Timble	Total 2019 22,590 13,765 27,151 35,988 52,430 2,462 93,608 42,999 1,964 37,719 4,283 2,876 1,373 33,136
General Fund	Circuit Model Trust Fund		Restricted Funds Other
23,719 14,453 28,003 37,398 53,835 2,575 97,672 44,255 2,500 49,627 4,399 2,991 0 34,583
396,010		0		0	0	0	0	0	0	372,344

The Circuit comprises 13 Churches and each is assessed for a contribution to meet the overall net costs of the Circuit. The Circuit aims to cover all its net core costs from the Assessments which are determined annually by the Circuit using a formulaic method taking into account the relative number of members in each Church and its relative income. Assessments on Churches are paid quarterly in advance and are treated as prepayments on a receivable basis. Timble chapel closed for regular worship in the previous year.

General Fund	Circuit Model Trust Fund	Circuit Model Trust Fund	Restricted Funds Other	Restricted Funds Other	Restricted Funds CAP 6,500	Property Reserve	Beamsley Fund	Norwood	Timble	Total Designated Total Unrestricted 2020 0 6,500	Total 2019 7,500



0		0		0	6,500	0	0	0	0	0 6,500	7,500
						Property Reserve	Beamsley Fund	Norwood	Timble		Total 2019 16200 (3,336) (210) 7,000 10,200
General Fund	Circuit Model Trust Fund		Restricted Funds Other

15,309 (1,944)							7,000	(1,549) (100) 10,043
13,365		0		0	0	0	7,000	8,394	0		29,854

In Feb 2021 after review, the Trustees have concluded there is no requirement for the Bramhope manse to be held by future use by a minister and have resolved to dispose of the property in 2021. Norward cottage is connected to the Chapel and cannot be disposed of seperately - it is not held for investment purposes.

Other Income Timble Chapel closure balance trsf Supernumary fees waived Bookings Collections Donations Friends of Norwood Events Funeral Fees Total Other Income Total Other Charitable Income	0 0 935 935 935 965 23 988 988 300 5,541 295 295 6,136 15 15 15 423 423 423 0 0 0 0 300 5,541 0 0 2,633 23 2,656 8,497	1,029 250 1,838 1,891 14,490 270 1,646 350
		21,764
	13,365 0 300 5,541 0 7,000 11,027 23 18,050 37,256	51,618

Donations/gifts received designated for the use of the CAP Debt Centre include the following from related parties:	Donations/gifts received designated for the use of the CAP Debt Centre include the following from related parties:	Donations/gifts received designated for the use of the CAP Debt Centre include the following from related parties:
Addingham Methodist Church	£500
Guiseley Methodist Church	£1,140
Christchurch LEP	£2,000
Menston Methodist Church	£845
Bramhope Methodist Church	£556
	£5,041

Note 7 Grants & Donations Menston-Lay workers support Beamsley Project Otley Christian Hub		General Fund	Circuit Model Trust Fund 5,000 0 0	Circuit Model Trust Fund 5,000 0 0	Restricted Funds Other	Restricted Funds Other	Restricted Funds CAP	Restricted Funds CAP	Property Reserve	Beamsley Fund 1,750	Norwood	Timble	Total 2019 0 5,000 6,000

		0		5,000		0		0	0	1,750	0	0	11,000
													Total 2019 152,413 39,007 13,502 4,903 8,772 2,176 2,712 5,929 249
A furthergrant of £5,000 forMenston MC	layworker support has been agreed for theyear 2019/20
Note 8 General Fund Stipends and Salaries Ministers and Deacon: Stipends 167,044 Pension costs 42,363 National Insurance costs 14,924 Telephone 4,512 Travel / Mileage Allowances 6,922 Supernumerary Appointments 919 Circuit Allowances -Energy Use 3,209 Invitation and moving costs 3,000 Computer Allowance 1,155 Sub-Total 244,048 Average number of staff employed during the year 6.7 Lay workers and paid staff Salaries 38,212 National Insurance costs 2,551 Pension 2,144 Sub-Total 42,907 Average number of staff employed during the year 1.20 Salaries, Stipends and Assoc Costs Total 286,955 Average number of staff employed during 7.90							Restricted Funds CAP 400		Property Reserve	Beamsley Fund	Norwood	Timble
		General Fund	Circuit Model Trust Fund		Restricted Funds Other

		167,044 42,363 14,924 4,512 6,922

		919 3,209 3,000 1,155
		244,048		0		0		400	0	0	0	0	229,663
		6.7 38,212						9,210 80 0					6.20 47,884 3,014 2,092

		2,551
		2,144
		42,907		0		0		9,290	0	0	0	0	52,990
		1.20						0.40					1.60
		286,955		0		0		9,690	0	0	0	0	282,653
											0.00	0.00	7.80

Note 8 Contd

The circuit employs lay staff involved in administration activity; 0.25 fte administrator plus 0.4fte Property Officer and 0.5fte Finance Advisor, 0.4fte CAP Debt Centre Manager No employee received employee benefits in excess of £60,000. There is no accrual for holiday pay as it is not material; the holiday year ends on 31st August All staff are paid at or above the minimum wage.

Pensions

Ordained ministers 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 are not employees of the Church but for simplicity, when dealing with National Insurance and pension contributions, the terms employee and employer are used as they would be in an employing document.

2 of 4 Lay Employee had pension contribution paid in 2019-20 with two employees chosing to opt out, any new employee will be automatically enrolled in an appropriate workplace pension arrangement.

The Connexion accounts for MMPS and shows the figures in the annual Methodist Church in Great Britain accounts.

Costs of Superintendent, Ministers and Deacons

The Superintendent of the Circuit, the other ministers and the remaining members of the CLT are considered as Key Management Personnel.

The Superintendent is the Chair of the CLT and the Circuit Meeting. The members of the Circuit Meeting are the trustees of the Circuit. The stipends, employers NIC and employer's pension contributions and other expenses of presbyters of the Circuit are administered by a central payroll bureau of the Methodist Church with costs recharged monthly to the Circuit.

Manses are provided by the Circuit and the Circuit maintains the property. The value of Council Tax and water charges paid by the Circuit are not disclosed here as HMRC does not regard this as a benefit in kind in the hands of the minister.

Payment to Trustees or connected businesses

No Payments were made to any Trustee or connected business during the year other than those disclosed in Note 8 below

Note 8 contd. Payments to Trustees

The ministers of the Circuit undertake the primary executive roles within the Circuit and apart from the ministers

and lay employees, no member of Circuit Meeting or CLT was in receipt of any payment for stewardship services undertaken on behalf of the Circuit, although certain travelling and administration costs were reimbursed in relation to specific projects. The Circuit's key management comprise the trustees and key staff named on the Charity Information page Total employment benefits payable to key management for the year were as follows:

		Other	Employer
	Wages &	Employment	Pension
Trustee	Salaries	Benefits	Contribution	2020	2019
Rev Lesley Taylor	£24,852	£0	£6,685	£31,537	£32,482
Rev Roger Smith	£24,852	£0	£6,685	£31,537	£30,669
Rev Timothy Perkins	£27,337	£0	£6,685	£34,022	£30,669
Rev Roberta Topham	£24,852	£0	£6,685	£31,537	£30,669
Rev Victoria Atkins	£0	£0	£0	£0	£30,669
Deacon Jennifer Parnell	£24,852	£0	£6,685	£31,537	£30,669
Rev Shannon DeLaureal	£24,852	£0	£6,128	£30,980	£0
Rev Leonora Wassell	£4,970	£0	£0	£4,970	£4,833
Key management connected to trustees
Mrs B L Downes (wife of Mr R Downes)	£14,716	£0	£883	£15,599	£18,039
Other Key Management
Finance Adviser (CT)	£21,023	£0	£1,261	£22,284	£21,741
Prior year comparative analysis:
		*Other*	*Employer*
	*Wages &*	*Employment*	*Pension*
*Trustee*	*Salaries*	*Benefits*	*Contribution*	*2019*
Rev Lesley Taylor	£25,981	£0	£6,501	£32,482
Rev Roger Smith	£24,168	£0	£6,501	£30,669
Rev Timothy Perkins	£24,168	£0	£6,501	£30,669
Rev Roberta Topham	£24,168	£0	£6,501	£30,669
Rev Victoria Atkins	£24,168	£0	£6,501	£30,669
Deacon Jennifer Parnell	£24,168	£0	£6,501	£30,669
Rev Leonora Wassell	£4,833	£0	£0	£4,833
*Key management connected to trustees*
Mrs B L Downes (wife of Mr R Downes)	£17,178	£0	£861	£18,039
*Other Key Management*
Finance Adviser (CT)	£20,510	£0	£1,231	£21,741

L Taylor, R Smith, T Perkins, R Topham, S DeLaureal and J Parnell served as church leaders and received the above payments in that capacity for serving in that capacity and not for serving as trustees, these payments are permitted by the charity's governing document

In addition the charity incurred expenditure in repect of the customary provision of accommodation to the following trustees so that they could better perform their duties:

Costs of accommodation (excluding repairs and maintenance to manses disclosed at note 9)

Trustee	2020	2019
Rev Lesley Taylor	£3,850	£3,775
Rev Roger Smith	£4,957	£4,624
Rev Timothy Perkins	£4,597	£4,666
Rev Roberta Topham	£5,132	£5,737
Rev Victoria Atkins	£0	£3,613
Deacon Jennifer Parnell	£3,994	£3,866
Rev Shannon DeLaureal	£5,293	£0

General Fund	Circuit Model Trust Fund	Restricted Funds Other	Restricted Funds CAP	Property Reserve	Beamsley Fund	Norwood	Timble	Total Designated Total Total Unrestricted 2020 2019 5,177 5,177 15,397 1,129 1,129 4,212 1,490 14,350 1,435 526 526 307 572 572 2,173 445 445 1,320 0 0 3,071 0 0 0 9,339 22,199 27,915 1,380 1,380 800 1,380 1,380 800

0	12,860 12,860	0	0	5,177 1,129 1,490 526 572 445 0 0 9,339 1,380	0	0	0
0	0	0	0	1,380	0	0	0
0	12,860	0	0	10,719	0	0	0	10,719 23,579 28,715

Manse Maintenance

The Circuit is Managing Trustee for 7 manses, 5 of which were occupied by ministers of the Circuit as at 31st August 2020. Otley manse became unoccupied in August 2020 and the Circuit intends to let this property for one year on an Assured Shorthold Tenancy agreement pending review of requirements for ministers. The Circuit is responsible for the payment of Council Tax, water charges and insurance at each manse occupied by a minister. The cost of ongoing maintenance and improvements to all properties is funded through a designated 'Property Reserve' and a transfer of £2,500 p.a. per manse is made from the General Fund plus a provision for update on changeover . The level of transfer is reviewed by the trustees each year. The Circuit owns and manages the Greenhill Burial site in Rawdon

General Fund 12,265	C	ircuit Model Trust Fund	Restricted Funds Other	Restricted Funds CAP	Property Reserve	Beamsley Fund	Norwood	Timble	T	Total 2019 11,793

12,265		0	0	0	0	0	0	0		11,793
										68,207 10,937
70,935
		1,359
70,935		1,359	0	0	0	0	0	0		79,144
				Restricted Funds CAP	Property Reserve	Beamsley Fund	Norwood	Timble		Total 2019 5,868 13,145 3,686 2,978 184 6,946 0 1,407 194 201 1,220 1,436 874 870 57 70 371 0 0 0 94 1,500 994 1,078 1,319 468 8,729 1,964
General Fund	C	ircuit Model Trust Fund	Restricted Funds Other						T

5269 13857 3320 3504 198							540 190	240
811				387 5,200 137				564

							1,235	130

58 871 1,216 685 1,560 155 65		108	602

840							131
2,116						145	1,550 2,500
34,525		108	602	5,724	0	145	6,146	934		55,653

Note 12

Budgeted and Actual expenditure in the year ended 31st August 2020 (General Fund only)

A comparison of actual expenditure incurred in 2019-20 with that budgeted is set out below

REVENUE Assessment raised Interest and Investment Income Other Rents at vacant manse TOTAL REVENUE EXPENDITURE Stipends, NIC & Pension costs Salaries and NIC Connexional Assessment District Assessment Telephone & Travel Insurance, utilities etc Maintenance on manses Manse Reserve Heating and Lighting allowance Computer allowance Supernumerary costs Ministerial Invitations and associated c Stationery & Office Supplies Postage Plan Production Bookroom Supplies Independent Examiner's fee Training expenses Leeds Extension Fund Other expenditure Legal Costs Property Inspection Costs Actual/ budgeted profit/loss	Actual Budget	Saving/ Loss
	396,010 398,615 719 358 0 4,000 13,365 14,684	(2,605) 361 (4,000) (1,319)
	410,094 417,657	(7,563)
	224,331 209,676 42,906 40,832 70,935 70,935 12,265 12,265 11,434 13,519 26,147 23,896 14,000 14,000 12,000 12,000 3,209 2,786 1,155 0 919 2,285 o 3,000 3,000 1,216 1,224 155 0 871 905 686 633 1,560 865 0 515 65 65 900 1,030 2,116 618 810 10,000 430,680 421,049 (20,586) (3,392)	(14,655) (2,074) 0 0 2,085 (2,251) 0 0 (423) (1,155) 1,366 0 8 (155) 34 (53) (695) 515 0 130 (1,498) 9,190
		(9,631)

		(17,194)

The principal variations against budget relate to the additional part-time Deacon employed from October 2019 , lay staff costs for the Property Manager additional hours and increased utility and insurance costs at the Circuit's manses.

Note BS1 General Fund Circuit Model Trust Fund Tangible Fixed Assets In accordance with the principles set out below the valuations of the ma at the respective year ends are as follows: Manses: Addingham (Bolton Road) 0 Addingham (Turner Lane) 475,000 Bramhope 320,000 Burley in Wharfedale-Far Mead Croft 477,601 Guiseley-St Oswald's Walk 420,030 Ilkley 375,000 Otley 250,000 Yeadon 327,500 Additions in the YearAddingham (Turner Lane) 0 Disposals in the YearAddingham (Bolton Road) 0 Total-manses 2,645,131 0 Other Properties: Beamsley Church: 50,000 Greenhill Cemetery 4,050 Total-other properties 54,050 Total 2,699,181 0	Note BS1 General Fund Circuit Model Trust Fund Tangible Fixed Assets In accordance with the principles set out below the valuations of the ma at the respective year ends are as follows: Manses: Addingham (Bolton Road) 0 Addingham (Turner Lane) 475,000 Bramhope 320,000 Burley in Wharfedale-Far Mead Croft 477,601 Guiseley-St Oswald's Walk 420,030 Ilkley 375,000 Otley 250,000 Yeadon 327,500 Additions in the YearAddingham (Turner Lane) 0 Disposals in the YearAddingham (Bolton Road) 0 Total-manses 2,645,131 0 Other Properties: Beamsley Church: 50,000 Greenhill Cemetery 4,050 Total-other properties 54,050 Total 2,699,181 0	Restricted Restricted Property Funds Funds Reserve Other CAP nses and the Beamsley Church as 0 0 0	Restricted Restricted Property Funds Funds Reserve Other CAP nses and the Beamsley Church as 0 0 0	Beamsley Fund 0	Norwood 0	Timble 0	Total Designated Total Unrestricted 2020 0 0 0 475,000 0 320,000 0 477,601 0 420,030 0 375,000 0 250,000 0 327,500 0 0 0 0 0 2,645,131 0 50,000 0 4,050 0 54,050 0 2,699,181	Total 2019 400,000 0 320,000 477,601 420,030 375,000 250,000 327,500 475,000 (400,000) 2,645,131 50,000 4,050 54,050
		n
	2,699,181 0		0 0 0	0	0	0		2,699,181

The Circuit owns 7 manses. All the manses then held were informally valued by reference to local estate agents as at 31st August 2014. The new Manses at Far Mead Croft and at St Oswald's Walk, Turner Lane Addingham acquired in 2014, 2015 and 2018 respectively are included at cost. The Beamsley Church has been included at a value reflecting its current use; its income is limited to a market agreed rent charged to the Beamsley Project charity. For insurance purposes it has a replacement cost value of £2,496,000. The Greenhill Cemetary site is owned by the Circuit, it is insured and maintained at the Circuit's expense. Fixtures, fittings and equipment provided by the Circuit are expensed and do not form part of the balance sheet and there is therefore no requirement for depreciation. The freehold on residential property is shown at deemed historical cost representing each property's gross carrying value at 1 September 2015 per the transitioning relief allowed under first time adoption of FRS102.

Note BS2 General Fund Debtors LOANS Loan to West Yorks District re Leeds Missi 3,499 3,499 Debtors and Prepayments Prepayments: September Stipends pre-paid 16,491 Pre-paid Insurance 0 Telephone rental paid in advance 481 Pre paid council tax 1,098 Pre-paid Book supplies 635 Fuel Oil 0 Total prepayments 18,705 Other debtors: Rents receivable-Bramhope and Norwood 0 Pool assessment unpaid 1,100 Sundry Receipts due as at the year end 0 Otley Assessment Unpaid 5,000 Total other debtors 6,100 24805	Circuit Model Trust Fund	Restricted Funds Other	Restricted Funds CAP	Property Reserve	Beamsley Fund	Norwood	Timble	Total Designated Total Total Unrestricted 2020 2019 0 3,499 0

3,499	0	0	0	0	0	0	0	0 3,499 0 0
16,491 0 481 1,098 635 0 18,705	0	0	0 0	0 0	0 0	189 189 0 0	0 0 0	0 16,491 17,028 189 189 5,543 0 481 481 0 1,098 1,098 0 635 593 0 0 542 189 18,894 0 25,285 0 0 1,076 0 1,100 0 0 0 3,134 0 5,000 0 0 6,100 4,210
	0	0
24805	0	0	0	0	0	189	0	189 24,994 29495

All sums prepaid at 31 August 2019 were for activities that took place in 2019/20, Similarly,allpayments in advance as at 31 August 2020 relate to activity in 2020/21 Loan to West Yorkshire District is expected to be repaid from 2025 but is under review	All sums prepaid at 31 August 2019 were for activities that took place in 2019/20, Similarly,allpayments in advance as at 31 August 2020 relate to activity in 2020/21 Loan to West Yorkshire District is expected to be repaid from 2025 but is under review	All sums prepaid at 31 August 2019 were for activities that took place in 2019/20, Similarly,allpayments in advance as at 31 August 2020 relate to activity in 2020/21 Loan to West Yorkshire District is expected to be repaid from 2025 but is under review
Note BS3 Investments with TMCP	Circuit Model Total Total Trust Fund 2020 2019

		32,998 32,998 54,357

Trustees for Methodist Church Purposes hold the Circuit Model Trust Fund on behalf of the Circuit. Funds are generated through, for example, property sales or bequests The Circuit can withdraw funds for appropriate purposes subject to the approval of Circuit Meeting. As at 31 August 2020 the majority of fund was held at the Central Finance Board of the Methodist Church

Note BS4 Central Finance Board (CFB) and Bank Central Finance Board (CFB) Cash at bank (CAF Bank)	General Fund	Circuit Model Trust Fund	Restricted Funds Other 4,508	Restricted Funds CAP 10,867	Property Reserve 20,698	Beamsley Fund 26,266	Norwood 8,181	Timble 337	Total Designated Total Total Unrestricted 2020 2019 55,482 153,844 131,062 - 8,037 3,702
	82,987 8,037

Monetary balances held at the Central Finance Board of the Methodist Church and at CAF Bank are all available on demand and without loss of interest. The split of these balances across General, Designated and Restricted Funds is management judgement.

Note BS5 General Fund Creditors, Accruals and Loans (due in under 1 yr) Creditors: Manse maintenance Expense claims payable for final Qtr 2,639 Independent Examiner's Fee 2,400 Graveyard maintenance 0 Heating and Lighting Donation Otley Christian Resources Hub 3,000 Total creditors 8,039 Accruals: Water Charges payable 0 Council tax due Accrued relocation and invitation costs 6,000 Total accruals 6,000 Amounts received in advance 1st Qtr's Assessments Received in Advanc 86,987 Funds received bank error 0 Methodist Insurance claim for repairs 1,745 Total amounts received in advance 88,732 102,771	Circuit Model Trust Fund	Restricted Funds	Restricted Funds CAP 0 0 0	Property Reserve 0 0 0	Beamsley Fund 0 0 0	Norwood 0 0 0	Timble 0 0 0	Total 2019 0 4,169 840 300 42 3,000 8,351 168 0 5,535 5,703 66,182 14 0 66,196

		Other
	0 0 0	0 0 0
102,771	-	-	-	-	-	-	-	80,250

All amounts received in advance have been released to income in the following year

Note BS6 Funds Balance brought forward at 1 Sep 2019 Income Expenditure Capital Receipts Transfers Balance carried forward as 31 Aug 20		General Fund	C	ircuit Model Trust Fund 54,356 750 (19,327) (3,499)	R	estricted Funds Other 4,810 300 (602)	R	estricted Funds CAP 14,240 12,041 (15,414)	Property Reserve 5,417 0 (10,719) 26,000	Beamsley Fund 25,161 7,000 (1,895) (4,000)	Norwood 3,489 11,027 (6,146)	Timble 1,248 23 (934)	T	otal Designated Total Unrestricted 2020 35,315 2,837,546 18,050 441,235 (19,694) (459,717) 0 0 22,000 0 55,671 2,819,064	Total 2019 2,748,904 557,600 (468,958) 0 0
		2,728,825 410,094 (404,680) (18,501)
		2,715,738		32,280		4,508		10,867	20,698	26,266	8,370	337			2,837,546

Unrestricted Funds

The General Fund deals with all the day-to-day expenditure of the Circuit; primarily it meets the cost of the presbyters and employees of the Circuit,

contributes to District and Connexion costs and meets the cost of running and maintaining the manses; to pay for these costs the Circuit raises Assessments on each Church in the Circuit with the intention to raise just sufficient income to cover the budgeted expenditure

The Circuit Model Trust Fund exists to meet the need for major expenditure on Circuit property or to meet Circuit projects, both of which require the ultimate approval of the Trustees for Methodist Church Purposes ("TMCP"). The Fund's resources are derived from the proceeds of sales of property.

There are four Restricted Funds . These were created many years ago, and have small balances carried forward from one year to the next. The Circuit intends to review the continued purpose of each during this year.

The Property Fund was established in 2011 and exists to deal with the uneven incidence of maintenance and repair costs at the Circuit's 7 manses. It is itself funded by a fixed annual transfer from the General Fund of £14,000 (£2,000 per Manse) plus an additional £12,000 from general funds towards the cost of refurbishment on change of minister and its expenditure comprises the actual cost of manse maintenance and repair

arising in the year. The purpose of this arrangement is to enable a fixed sum to be included in the Circuit's annual budget from which the assessments are to be raised. The Beamsley Fund was created in 2010 when the surplus funds of the Beamsley Chapel were transferred to the Circuit following the closure of the chapel. Since that time the Fund has been augmented by rents received from the tenants at the chapel, The Beamsley Project, less the costs of maintaining the property.

The Fund for the Norwood Chapel and Retreat Centre was created in 2014 when the funds of the Norwood Church were transferred to the Circuit and the congregation became a class of Otley Church. Since that time the Fund has been increased by rent received on the Warden's house at the Property, bookings received from the use

of the Retreat Centre and collections at Church services and organised fund-raising events. Expenditure comprises the costs of maintaining the property and the running of the Retreat Centre.

The Timble Fund was created in 2019 following the cessation of regular worship at the chapel. Cash balances held by the chapel were transferred to the Circuit Trustees pending closure of the chapel and its eventual sale in 2021

Restricted Funds

There are four 'Other' Restricted Funds . These were created many years ago, and have small balances carried forward from one year to the next. The Circuit intends to review the continued purpose of each during this year.

The CAP Debt Centre Fund was created in 2019 following the formation of a CAP Debt Centre, the fund comprises donations from churches and members

of the Circuit and a connexional grant received. Funds are used for the employment of a CAP Debt Centre Manager, a monthly fee payable to Christians Against Poverty and expenses specific to to clients or expenses of the Debt Centre activity.

Note BS6 contd

'Other' Restricted funds can be further analysed as follows

Balance brought forward at 1 Sep 19 Income Expenditure Revaluation Transfers Balance carried forward as 31 Aug 19	Training Fund Local Building Education & Total Preachers' Fund Youth Fund 2020 Library Fund 998 135 2,500 1,178 4,810 300 300 (602) (602) 0 0
	696 135 2,500 1,178 4,508

Note BS6 contd

The Assets and Liabilities of the various funds as at 31 August 2020 were as follows;

General Fund unrestricted 2,699,181 28,304 91,024	Circuit Model Trust Fund unrestricted 0 0 32,280	Restricted Funds Other 0 0 4,508	Restricted Funds CAP 0 0 10,867 0 0 0	Property Reserve 0 0 20,698 0 0 0	Beamsley Fund 0 0 26,266 0 0 0	Norwood 0 189 8,181 0 0 0	Timble 0 0 337 0 0 0	Total 2019 2,699,181 29,495 189,120 (80,250) 0 0

(102,771) 0	0 0	0 0

0	0	0
2,715,738	32,280	4,508	10,867	20,698	26,266	8,370	337	2,837,546

Prior Year comparative analysis

The Assets and Liabilities of the various funds as at 31 August 2019 were as follows;

*General Fund* unrestricted 2,699,181	*Circuit Model* *Trust Fund* unrestricted 0	*Restricted* *Funds* *Other* 0	*Restricted* *Funds* *CAP* 0	*Property* *Reserve* unrestricted	*Beamsley* *Fund* unrestricted	*Norwood* unrestricted	*Timble* unrestricted	*Total Designated* *Total* *Unrestricted* *2019* 0 *2,699,181* 915 *29,495* 34,442 *189,120* (42) *(80,250)* 0 0 0 0

				0 0 5,417 0 0 0	0 0 25,161 0 0 0	0 459 3,041 (11) 0 0	0 456 823 (31) 0 0
25,972	0	0	2,608
83,880	54,356	4,810	11,632
(80,208)	0	0	0
0	0	0	0
0	0	0	0
*2,728,825*	*54,356*	*4,810*	*14,240*	*5,417*	*25,161*	*3,489*	*1,248*	*35,315* *2,837,546*

Note BS7

Agency Collections and Payments

Churches within the Circuit have made payments to the following Methodist Church Funds. Some of these payments have been routed through the Circuit and some have been paid direct. None of these pa yments a ppear elsewhere in these accounts.

Payments routed through the Circuit bank account: Fund for the Support of Presbyters & Deacons Methodist Ministers' Housing Society Fund for Property Payments made direct Fund for the Support of Presbyters & Deacons Methodist Ministers' Housing Society Fund for Property Total sums paid: Fund for the Support of Presbyters & Deacons Methodist Ministers' Housing Society Fund for Property	Total Total 2020 2019 950 475 950 475 830 830
	2,730 1,780
	835 590 200 350 1,305 1,890
	2,340 2,830
	1,785 1,065 1,150 825 2,135 2,720
	5,070 4,610

Note BS8

Volunteer Contributions

Every entity (Connexion, District, Circuit, Church) within the Methodist Church in Great Britain is heavily reliant upon volunteers who contribute their skills, time and money in the furtherance of the work of the Church. In the Circuit the principal contribution is by serving on committees of the Circuit which deal with mission, manses, finance, policy, grants, training, safeguarding and other. The Circuit is grateful to all volunteers for their help and commitment. No attempt has been made by this Circuit to place a monetary value on non-monetary contributions in accordance with the SORP.

Note BS9

Reserves Policy

The Circuit considers it suitably prudent to maintain sufficient Funds within its General Fund to pay 25% of the succeeding year's budgeted expenditure. The Circuit will hold cash reserves in its current account or deposit account at Central finance Board (CFB) equivalent to 3 months general fund expenditure plus the fund balance of total restricted funds plus the fund value of CAP Debt Centre Fund

Reserves Test as at 31st August 2020

Required General Fund 2020/21 25% expenditure Total Restricted Funds Value Total Cash at Bank & CFB 31/8/2020 Deficit/Surplus	2020 104,262 15,375
	119,637

	161,881

	42,244

Appendix A -Trustees 2019-2022

Superintendent Minister / Rev Timothy M Perkins Chair of Trustees Trustees: Mr Joost Aarste Tuyn Rev Rita Armitage Mrs Margo Atkinson Mr George Auterson Mr Peter Bastow Ms Catherine Birkby Mrs Joan Bosomworth Mr David Brown Mr Ken Brown Mr John Burland Mrs Juliana Caukwell From 1st September 2022 Mr Howard Chaplin Deacon Elizabeth Day Rev Shannon DeLaureal Mr Ryk Downes Finished 31st August 2022 Mr Ken Duckles Finished 31st August 2022 Mrs Marjorie Emsley Mr Michael Fawcett From 1st September 2022 Ms Margaret Fielding Mrs Jean Fletcher Finished 31st August 2022 Mr David Gouldsborough Mrs Hazel Goodwin Mrs Sue Gray Mrs Isabel Griffith Mrs Penny Gwilt From 1st September 2022 Mr Roland Henney Finished 28th February 2021

Mrs Glenys Lowe Finished 31st August 2021 Mr Richard Lowe Mrs Debbie Mashiter Mrs Gillian MacIntosh Mrs Olwyn Marshall Finished 31st August 2022 Mrs Sarah Morrish From 1st September 2022 Mr Neil Mofoot Mrs Hilary Murden Mrs Carol Newton From 1st September 2021 Mr Michael Noble Deacon Jenny Parnell Finished 31st August 2021 Mrs Angela Pearson Mrs Lynne Pearson Finished 31st August 2021 Mrs Vivien Pitts Mr Alan Pratt From 1st April 2022 Rev Keith Reed Mrs Marion Rider Mr Andrew Robson From 1st September 2022 Mr Alan Sheath From 1st September 2021 Mrs Pam Smith Rev Roger Smith Mr Chris Solomon Mr Ken Spence Finished 31st August 2022 Rev M Cameron Stirk From 1st September 2022 Mr Norman Sykes Mrs Pauline Tate Finished 31st August 2021

Rev Leslie Holmes Mrs Elizabeth Hoyle Mrs Lindsey Hurst Ms Anne Huby Mr Steve Jennings Mrs Judith Johns Rev Helen Lambert

Finished 31st August 2021

Finished 31st August 2022 From 1st September 2021 Finished 31st August 2022 Finished 31st August 2021

Rev Lesley Taylor Finished 31st August 2020 Mrs Janet Thompson Mrs Shirley Tillotson Rev Roberta Topham Rev Leonora Wassell Finished 31st August 2021 Mrs Joan Wilkinson Finished 31st August 2022

Declarations and Scrutiny

I confirm that these accruals-based accounts for the year to 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.

Signature of Trustee with Financial Responsibility: R. F. Lowe Date 18th November 2022

Name and address of Trustee: Richard F Lowe

3 The Robins, Burley-in-Wharfedale Post Code…LS29 7PR

Presentation to the Circuit meeting

I confirm that the annual report and accounts for the year ended 31 August 2020 were presented to the Circuit meeting held on 8[th] March 2021 (by Zoom)

Signature of the Chair of the meeting: Timothy M Perkins

Name of the Chair of the meeting: Rev Timothy Perkins Date 23rd March 2023

Independent Examiner’s Report to the Trustees of the

Wharfedale & Aireborough Circuit

Charity Number 1132357

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the Wharfedale & Aireborough Circuit for the year ended 31 August 2020 set out on pages 1 to 37. As the Circuit’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 examination of the Circuit’s accounts carried out under 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.

Name of Circuit: Wharfedale & Aireborough No 27/15

Independent Examiner’s Statement

The Circuit’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a member of the Institute of Chartered Accountants of Scotland.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 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 concerning 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; or
the trustees’ annual report is not consistent with the accounts.

I have no concerns 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 understanding of the accounts to be reached.

I have obtained independent verification of all investments with 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 Archie McDowall …………………………………….

Name of independent examiner : Archie McDowall BA, CA

Relevant professional qualification of independent examiner: Member of the Institute of Chartered Accountants of Scotland

Name of firm (where appropriate): Stewardship

Address: 1 Lamb’s Passage, London, EC1Y 8AB 22 June 2023 Date …………………………………………

2020-08-31-accounts

Trustees’ Annual report for the year ended 31[st] August 2020

Introduction

Review of the Year

The majority of the Circuit’s finances are processed through its General Account

There are five Restricted Funds :

There are four unrestricted designated Funds:

Plans for 2020/21 and beyond

Basis of preparation and legal framework

Circuit Ministers and Officers

Circuit Employees

Circuit Stewards

Aims and Organisation

Public benefit

Structure, governance and Management

Trustee Training

Related Parties

Risk Management

Safeguarding

Impact of Covid-19 pandemic

Reserves Policy

Responsibilities of trustees under charity law

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

Balance Sheet as at 31 August 2020

Cash flow statement for the year ended 31 August 2020

Notes to the Accounts

Note 1. Basis of Accounting and Accounting Policies

a. Accounting Standard

b. FRS 102 SORP 2015

c. Basis

d. Content

e. Going Concern

f. Consolidation

g. Income Recognition

h. Resources Expended

i. VAT

j. Tangible fixed assets for use by the Circuit

k. Investment Properties

l. Investment - Monetary

m. Receivables and Prepayments; Bank and Cash (Basic Financial Instruments)

n. Loans as Basic Financial Instruments

o. Methodist Connexional Funds

p. Funds

q. Ministers’ Manse Costs

r. Grants

s. Pension and Staff Costs

Note 2. Glossary of Terms

Note 8 Contd

Pensions

Costs of Superintendent, Ministers and Deacons

Payment to Trustees or connected businesses

Note 8 contd. Payments to Trustees

Manse Maintenance

Note 12

Budgeted and Actual expenditure in the year ended 31st August 2020 (General Fund only)

Unrestricted Funds

Restricted Funds

Note BS6 contd

Note BS6 contd

The Assets and Liabilities of the various funds as at 31 August 2019 were as follows;

Note BS7

Agency Collections and Payments

Note BS8

Volunteer Contributions

Note BS9

Reserves Policy

Reserves Test as at 31st August 2020

Appendix A -Trustees 2019-2022

Declarations and Scrutiny

Presentation to the Circuit meeting

Independent Examiner’s Report to the Trustees of the

Wharfedale & Aireborough Circuit

Charity Number 1132357

Responsibilities and basis of report

Independent Examiner’s Statement