Trustees Report and Annual Accounts for the year ended 31[st] August 2020
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## **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
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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.
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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|
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|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:
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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.
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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
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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:
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-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.
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## **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:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
5. 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.
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## **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
8**Total 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
17**Total charitable expenditure**
18 Gains/(losses) on monetary investments
19 Gains/(losses) on investment properties
20**Net income/(expenditure)**
21 Transfers between funds
BS6
22 Other gains/(losses)
23**Net 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**|
|---|---|
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## **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 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**|
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## **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**|
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## **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.
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## **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.
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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.
17
## **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.
18
## **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
19
**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.
20
|**Note 3**
**Interest and Investment Income**
Central Finance Board-interest
Circuit Model Trust Fund -interest
Circuit Model Trust Fund-dividends
War Stock
**Note 4**
**Assessments**
Addingham
Ben Rhydding
Bramhope
Burley in Wharfedale
Guiseley
Hawksworth
Ilkley
Menston
Norwood
Otley
Pool in Wharfedale
Rawdon
Timble
Yeadon
**TOTAL**||**General Fund**|**Circuit Model**
**Trust Fund**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**CAP**|**Restricted**
**Funds**
**CAP**|**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|**Total Designated**
**Total**
**Unrestricted**
**2020**
0
719
0
723
0
27
0
0
**0**
**1,469**
**Total Designated**
**Total**
**Unrestricted**
**2020**
0
23,719
0
14,453
0
28,003
0
37,398
0
53,835
0
2,575
0
97,672
0
44,255
0
2,500
0
49,627
0
4,399
0
2,991
0
0
0
34,583
**0**
**396,010**|**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.
21
|**Note 5**
**Grants to fund Christians Against**
**Poverty Debt Centre (CAP)**
Methodist Connexion
**TOTAL**
**Note 6**
**Lettings**
Bramhope Manse Rent
less: agent's commission and related
VAT
less; agent's initial letting fee
Beamsley Church
Norwood Retreat Centre & Church-
House
**Total Letting Income**||**General Fund**|**Circuit Model**
**Trust Fund**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**CAP**
**6,500**|**Restricted**
**Funds**
**CAP**
**6,500**|**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|**Total Designated**
**Total**
**Unrestricted**
**2020**
0
6,500|**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**|
22
|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||
23
|**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 Designated**
**Total**
**Unrestricted**
**2020**
0
5,000
1,750
1,750
0
0
**1,750**
**6,750**
**Total Designated**
**Total**
**Unrestricted**
**2020**
0
167,044
0
42,363
0
14,924
0
4,512
0
7,322
0
919
0
3,209
0
3,000
0
1,155
0
244,448
0.0
6.7
0
47,422
0
2,631
0
2,144
0
52,197
0.00
1.60
**0**
**296,645**
**0.00**
**8.30**|**Total Designated**
**Total**
**Unrestricted**
**2020**
0
5,000
1,750
1,750
0
0
**1,750**
**6,750**
**Total Designated**
**Total**
**Unrestricted**
**2020**
0
167,044
0
42,363
0
14,924
0
4,512
0
7,322
0
919
0
3,209
0
3,000
0
1,155
0
244,448
0.0
6.7
0
47,422
0
2,631
0
2,144
0
52,197
0.00
1.60
**0**
**296,645**
**0.00**
**8.30**|**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**|
24
## 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
25
## **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|
26
|**Note 9**
**Maintenance on Manses and other**
**Circuit Property**
**Manses:**
Addingham
Bramhope
Burley- Far Mead Croft
Guiseley-St Oswald's Walk
Ilkley
Otley
Yeadon
Standard charge to General Fund
**Total manses expenditure**
**Other Circuit Property:**
Greenhill Cemetery
**Total other Circuit Property**
**TOTAL Property Maintenance**||**General Fund**|**Circuit Model**
**Trust Fund**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**CAP**|**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**|**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
27
|**Note 10**
**Leeds District Assessment**
to meet District costs
to meet Connexional Costs
Contributions to District Advance Fund
(This cost represents a charge levied
by District each year based on the level
of funds held as at the previous August
31st)
**Note 11**
**Other Expenditure**
Insurance
Council Tax
Water Charges
Gas maintenance contracts
Security
Property Surveys
MHA contribution
Heating & Lighting
Telephone
Gifts to leavers
Production of Plans
Stationery and Office Supplies
Bookroom Supplies
Account Examination Fee
Postage
Leeds Extension Fund
Training
Transfer to training fund
Circuit Worship/Workshop costs
Pastoral costs
TMCP-Administration costs
CAP Debt Centre Fee
Miscellaneous Expenses
Legal
Gardening-Beamsley
Promotion costs
Maintenance-Norwood
Internal Assessment-Norwood|**General Fund**
**12,265**|**C**|**ircuit Model**
**Trust Fund**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**CAP**|**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|**T**|**otal Designated**
**Total**
**Unrestricted**
**2020**
**0**
**12,265**
**0**
**12,265**
0
70,935
**0**
**1,359**
**0**
**72,294**
**otal Designated**
**Total**
**Unrestricted**
**2020**
780
6,049
0
13,857
190
3,510
0
3,504
0
198
564
1,375
0
0
1,365
1,365
0
387
**0**
58
**0**
871
**0**
1,216
**0**
685
**0**
1,560
**0**
155
**0**
65
**0**
602
**0**
0
**0**
0
**0**
0
**0**
108
**0**
5,200
131
1,108
**0**
2,116
**145**
145
**0**
0
1,550
1,550
2,500
2,500
**7,225**
**48,184**|**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**|
28
## **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.
29
|**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.
30
|**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**|**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**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**CAP**|**Restricted**
**Funds**
**CAP**|**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|**Total Designated**
**Total**
**Total**
**Unrestricted**
**2020**
**2019**
0
3,499
0|**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|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
31
|**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**|**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**|**General Fund**|**Circuit Model**
**Trust Fund**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**|**Restricted**
**Funds**|**Restricted**
**Funds**
**CAP**
**0**
**0**
**0**|**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 Designated**
**Total**
**Unrestricted**
**2020**
0
0
0
2,639
0
2,400
0
0
0
0
0
3,000
**0**
**8,039**
0
0
0
0
0
6,000
**0**
**6,000**
0
86,987
0
0
0
1,745
**0**
**88,732**
**-**
**102,771**|**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
32
|**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**|
33
## **Note BS6 contd**
**The Assets and Liabilities of the various funds as at 31 August 2020 were as follows;**
|
Fixed Assets
Stocks and Debtors
Cash at bank and in hand
Current Liabilities
Non Current Liabilities
Provisions||
**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**
**Other**
0
0
4,508|**Restricted**
**Funds**
**CAP**
0
0
10,867
0
0
0|**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 Designated**
**Total**
**Unrestricted**
**2020**
0
**2,699,181**
189
**28,493**
55,482
**194,161**
0
**(102,771)**
0
**0**
0
**0**
**55,671**
**2,819,064**|**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;**_
|_Fixed Assets_
_Stocks and Debtors_
_Cash at bank and in hand_
_Current Liabilities_
_Non Current Liabilities_
_Provisions_||**_General Fund_**
**unrestricted**
_2,699,181_|**_Circuit Model_**
**_Trust Fund_**
**unrestricted**
_0_|**_Restricted_**
**_Funds_**
**_Other_**
_0_|**_Restricted_**
**_Funds_**
**_Other_**
_0_|**_Restricted_**
**_Funds_**
**_CAP_**
_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_**|**_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_**|
34
## **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**|
35
## 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
36
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
37
## **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
38
# **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
39
- 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 …………………………………………