Trustees Report and Annual Accounts for the year ended 31[st] August 2022
1
## **Trustees’ Annual report for the year ended 31[st] August 2022**
## **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 2022.
## **Review of the Year**
The Circuit Meeting was held on 4 occasions during the year and the Circuit Leadership Team met on 6 occasions plus two days at Beamsley in March 2022 to consider the “Planning for Growth” document to determine the most appropriate way forward for the Circuit.
Activities continued to resume as the Covid 19 restrictions were lifted, but all churches were experiencing smaller attendances than pre-Covid. The annual statistics of church membership has shown a continuing decline and, at some stage, this is likely to have implications for future ministerial staffing levels. Whilst many face to face meetings had resumed there was still use of Zoom, particularly during the winter months, to reduce the need to travel. The Circuit Ministerial Team comprised 4 full time Presbyters and a part time Deacon; the Circuit Stewards Team was strengthened with the addition of a Steward with responsibility for property and a new Circuit Meeting secretary was appointed. Although, subject to Conference approval, we expected an additional Presbyter for 2022-2023, there was still a surplus of manses. It was agreed to sell the properties at Bramhope and Yeadon and buy a new Manse in Otley, better located to meet future growth in the town. The former Otley Manse was marketed for sale during 2022-2023.
The congregation at Otley has been supported as it considers its future following the decision to dispose of its present extensive and expensive suite of buildings. A marketing campaign has been ongoing to find potential suitable purchasers and the congregation has continued to meet in the building for worship. The Circuit has supported them financially by meeting costs of surveyors, which should be recovered when the premises are sold.
There have been ongoing conversations about the Local Ecumenical Partnership at Rawdon Trinity and its place within the Circuit.
The Circuit operates 4 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 Circuit’s Funds:**
In total the Circuit’s Funds increased by £250.7k in the year as a result of the sale of the two manses at Bramhope and Yeadon and the purchase of a new manse at Otley. Further sale of property is to take place in 2023 when the Circuit disposes of Otley old manse.
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.
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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 increased in value from £159k to £503.5k during the year as a result of the proceeds from the sale of two redundant manses and the purchase of a new manse in Otley (the old Otley Manse is currently in the process of being sold), which generated £529k net of costs and £360k after the application of the Connexional Levy of £169k. £2k was paid as a grant to support the employment of a lay worker at Menston MC.
There are two other small **Trust Accounts** held with TMCP having values of £384.83 and £261.69; we are seeking permission to cash these in given the low values.
There are five **Restricted Funds** . Four of these were created many years ago, and have small balances carried forward from one year to the next, additionally the CAP Debt Centre Fund created in 2019 has been defined as restricted. 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 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 7.5k were received and grants of £7.5k from Connexional funds and £1.1k from ACTS435. Expenditure of £19.3k was incurred made up of the costs of employing a part-time Debt Centre Manager and a monthly fee payable to CAP and small grants to clients..
In addition to the Circuit Model Trust Fund, there are 3 more unrestricted funds which are treated as Designated Funds and recorded separately. These are:
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. (note 9 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.
In Aggregate the Circuit’s total Funds as at 31[st] August 2022, including the value of 6 manses, a burial ground and the Beamsley Centre, stood at £3,194k, an increase from 2021 of £251k.
The work of the Circuit and its associated churches resumed as the Covid 19 restrictions were relaxed; however, some of the changes forced by the Covid pandemic – eg use of zoom, rather than face to face meetings – has continued where appropriate.
## **Plans for 2022/2023**
At the time the Budget for the current year (2022/23) was prepared it was envisaged that there would be 5 ministers and 5 part-time lay employees supporting administration (37 hours per week), communications (10 hours per week), CAP Debt Centre (16 hours per week) and two Activities Organisers supporting one of the ministers (15 hours a week each) - the equivalent of 2.5 full time employees. Account was taken of known stipend and salary increases for 2022/23 and the
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known change in District and Connexion costs; sensible estimates were made about all other Circuit costs. Because of the impact of Covid on church finances it was agreed the increase in the Assessment paid to the Circuit by churches to cover planned expenditure should be restricted to 2% and this resulted in a budget deficit of £10k. Subsequently, the economic crisis has seen inflation at a higher rate than anticipated and all Lay Workers have been given a 10.1% increase in their pay from December 2022.
At the end of August 2022 a part time Deacon retired and a new full time Presbyter moved into the new manse at Otley to serve the Otley & Pool churches and act as the Circuit’s Mission Enabler. The paid Circuit Finance Advisor resigned as at 30[th ] June 2022 and the role of Circuit Treasurer is currently being covered on a voluntary basis. From 1[st] September 2022 we have employed a Circuit Manager on a full-time basis to provide support to the Superintendent Minister and ensure good practice to enable the Circuit to meet all of its legal, regulatory and moral responsibilities. Assistance in specific areas of activity is being provided by Alan Sheath as Property Steward and Richard Lowe as Trustee with Financial Responsibility. The Circuit is also employing two part time Lay Workers (15 hours a week each) to act as “activities coordinators” and provide support to Rev Roger Smith at Guiseley & Yeadon.
A number of Local Preachers have decided they do not wish to continue in that role and so there is an increasing number of Local Arrangement services on Sundays. The Circuit will provide support through provision of both resources and training for local churches to be able to offer appropriate services of worship when preachers are not available.
We are concerned about the disruption that Covid caused to our work with children and young people across the Circuit and are looking to establish a “Circuit Youth” Team in order to take a fresh look at provision in this vital area of our work. The Circuit Leadership Team continue to work on renewing our Circuit Mission Statement around the themes of “Transformational, Sustainable, Missional,” and look at the Connexional Oversight and Trusteeship Report in order to identify the minimum number of Trustees’ bodies necessary for the Circuit and its churches to flourish.
The sale of the old manse at Otley is progressing and we shall then have 5 manses for our current 5 ministers. We are investigating opportunities to make the manses more eco-friendly and have carried out eco audits of all church properties across the Circuit; we will be reviewing the suitability of manses to be fitted with solar panels and the eco credentials of our manses will be a key factor in future provision.
It is hoped the church premises in Otley will be sold during 2022-2023 and the Circuit will continue to support the congregation as it moves to the next stage of its existence in this market town.
The Circuit will be supporting Justice, Dignity & Solidarity Strategy of the Methodist Church by ensuring participation in the Equality, Diversity & Inclusion training by those for whom this is a requirement.
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## **Basis of preparation and legal framework**
The Charity’s annual report and accounts for the year ended 31[st] August 2021 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 Charity Number 1132357 Date of registration 2011 Main communication address 20 Far Mead Croft Burley-in-Wharfedale LS29 7RR From 1[st] September 2022 the communication address is 39 Main Street, Menston, ILKLEY, LS29 6NB.
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 in Appendix A to this Report
## **Circuit Ministers and Officers**
## **Active Circuit Ministers**
Deacon Elizabeth Day (p-t) Rev. Shannon DeLaureal Rev. Tim Perkins Rev. Roger Smith Rev. Dr. Roberta Topham
As Superintendent Minister, the Reverend Timothy Perkins acted as chair of the Circuit Meeting.
## **Circuit Employees**
During the year, the Circuit employed Mr Michael Fawcett as a part-time administrator through to July 2022 and Circuit Communications Officer from 1[st] August 2022, who acted as Circuit Secretary until the appointment of Mrs Carol Newton, Mrs Carol Tooke, part-time Circuit Finance Advisor until 30[th] June 2022 and Mrs Samantha Price, part-time Circuit CAP Debt Centre Manager.
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## **Circuit Stewards**
The Circuit Stewards in office in the year ended 31[st] August 2022 were as follows:
Mrs Hilary Murden Mr Richard Lowe Mrs Margo Atkinson Mrs Vivien Pitts
Mr Alan Sheath
The Independent Examiner is Stewardship Services (UKET) Limited of 1, Lamb’s Passage, London EC1Y 8AB
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, 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
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## **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 LEP Menston Methodist Church Norwood Chapel and day retreat centre Otley Methodist Church Pool-in-Wharfedale Methodist Church Trinity Rawdon LEP Yeadon Methodist Church
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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 quarterly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves. The Circuit also monitors the finances of local churches to ensure their ability to pay the Circuit Assessment. Whilst the church at Otley is currently paying a reduced assessment until its future becomes more clear this can be covered from the Circuit Model Trust Fund (CMTF), which has been boosted by income from property sales.
## **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.
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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
## **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 2022 satisfy the Circuit’s 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.
In addition to the cash holdings with the CAF Bank (current account) and Central Finance Board of the Methodist Church (deposit account), the Circuit has access to funds held by the Trustees for Methodist Church Purposes in the Circuit Model Trust Fund.
## **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.
On 22 February 2023 the Charity Commission granted the trustees a dispensation from having the accounts for the year ended 31 August 2022 audited. The accounts have therefore been independently examined but not subject to audit.
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## **Statement of Financial Activities (SOFA) for the year ended 31 August 2022**
|**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**
**2021-22**
**Total**
**2020-21**
£
£
£
£
£
£
£
0
0
409
2,046
-
-
**2,455**
**552**
**0**
**0**
341,384
-
**341,384**
**383,604**
438,050
-
**438,050**
**182,975**
-
-
-
8,600
**8,600**
**5,500**
11,625
261
18,946
7,525
**38,357**
**45,019**
**791,468**
**2,307**
**18,946**
**16,125**
**-**
**828,846**
**617,650**
-
2,000
5,000
1,050
**8,050**
**5,500**
215,083
-
-
9,531
**224,614**
**276,478**
10,000
10,680
1,251
-
**21,931**
**12,563**
70,420
168,657
-
-
**239,077**
**126,608**
12,176
5,460
-
-
**17,636**
**13,491**
**0**
**0**
**0**
**0**
43,158
2,341
12,602
8,704
**66,805**
**58,321**
**350,837**
**189,138**
**18,853**
**19,285**
**0**
**578,113**
**492,961**
0
0
-
**0**
0
**440,631**
**-186,831**
**93**
**3,160**
**-**
**0**
**250,733**
**124,689**
530,770
-
530,770
-
0
0
0
0
**(90,139)**
**343,939**
**93**
**3,160**
**-**
**0**
**250,733**
**124,689**
2,708,073
159,587
65,301
10,793
-
2,943,754
2,819,065
**2,617,934**
**503,526**
**65,394**
**7,633**
**-**
**3,194,487**
**2,943,754**|
|---|---|
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## **Balance Sheet as at 31 August 2022**
|**Notes to the**
**Accounts**|**General Fund**
**(Unrestricted)**
£|**Circuit Model**
**Trusts**
**(Unrestricted)**
£|**Designated**
**Funds**
**(Unrestricted)**
£|**Restricted**
**Funds**
£|**Endowment**
**Funds**
£|**Totals 2022**
£||**Totals 2021**
£|
|---|---|---|---|---|---|---|---|---|
|**Fixed Assets**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Circuit Manses & Equipment|BS1|2,606,461|||||2,606,461||2,699,181|
|Investmentproperties||||||0|||0|
|Investments|||||||0||0|
|**_Total fixed assets_**||**2,606,461**|**0**|**0**|**0**|**0**|**2,606,461**||**2,699,181**|
|**Current Assets**||||||||||
|Debtors|BS2|33,878|0|753|0||34,631||26,394|
|Loans bythe Circuit|BS2|17,699|||||17,699||8,499|
|Investments with TMCP|BS3||503,526||||503,526||159,587|
|Central Finance Board Deposits|BS4|58,155||65,098|7,999||131,252||128,816|
|Cash at Bank and in hand|BS4|4,507|||||4,507||11,901|
|**_Total current assets_**||**114,239**|**503,526**|**65,851**|**7,999**|**0**|**691,615**||**335,197**|
|**Current liabilities**||||||||||
|Creditors (due in under 1 year)|BS5|102,766||457|366||103,589||90,624|
|Grantspayable within 2020-21|||||||0||0|
|**_Total current liabilities_**||**102,766**|**0**|**457**|**366**|**0**|**103,589**||**90,624**|
|**_Net current assets/liabilities_**||**11,473**|**503,526**|**65,394**|**7,633**|**0**|**588,026**||**244,573**|
|||||||||||
|**_Total assets less current liabilities_**||**2,617,934**|**503,526**|**65,394**|**7,633**|**0**|**3,194,487**||**2,943,754**|
|**Long term liabilities**
**(due after more than oneyear)**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Grantspayable after 2020-21|||||||**0**||0|
|Loans to the Circuit|||||||**0**||0|
||||||||**0**||0|
|**_Net assets_**||**2,617,934**|**503,526**|**65,394**|**7,633**|**0**|**3,194,487**||**2,943,754**|
|**Funds of the Circuit**|||||||2,617,934
503,526
65,394
**3,186,854**
7,633
0
**3,194,487**||
|---|---|---|---|---|---|---|---|---|
|General Fund(Unrestricted)||2,617,934|503,526
65,394
**7,633**
**0**||||2,617,934|2,708,073|
|Circuit Model Trust Fund (Unrestricted)|||503,526||||503,526|159,587|
|Designated Funds(Unrestricted)||||65,394|||65,394|65,301|
|**_Total Unrestricted Funds_**|||||||**3,186,854**|**2,932,961**|
|Restricted Funds|||||**7,633**||7,633|**10,793**|
|Endowment Funds||||||**0**|0|**0**|
|**_Total Funds_**|BS6|**2,617,934**|**503,526**|**65,394**|**7,633**|**0**|**3,194,487**|**2,943,754**|
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## **Cash flow statement for the year ended 31 August 2022**
|||**2022**|**2021**|
|---|---|---|---|
|**Statement of cash flows**|**Note**|**£**|**£**|
|**Cash from operating activities**||||
|Net cash used in operatingactivities||**-23,132**|**-23,643**|
|**Cash flows from investing activities**||||
|Dividends,interest and rents from investments||0|0|
|Proceeds from the sale of property,plant and equipment||0|0|
|Purchase of property,plant and equipment||0|0|
|Purchase of intangible assets||0|0|
|Proceeds from the sale of investments||18,174|2,479|
|Purchase of investments||0|0|
|Other||0|0|
|**Net cash provided by investing activities**||**18,174**|**2,479**|
|**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**||-4,958|-21,164|
|Cash and cash equivalents at the beginning of the reporting period||140,717|161,881|
|**Cash and cash equivalents at the end of the reporting period**||**135,759**|**140,717**|
|||**2022**|**2021**|
|**Reconciliation of net income to net cash flow from operating activities**||**£**|**£**|
|Net income for the reporting period ( as per statement of financial activities)||250,733|124,689|
|**Adjustments for:**||||
|Depreciation and amortisation charges||0|0|
|Profit on the sale of fixed assets||-269,393|-129,785|
|Loss on the sale of fixed assets||||
|Gains on investments||0|0|
|Dividends, interest and rents from investments||||
|Decrease/(increase) in stocks||0|0|
|(increase)/decrease in debtors||-17,437|-6,400|
|increase/(decrease) in creditors||12,965|-12,147|
|**Net cash used in operating activities**||**-23,132**|**-23,643**|
|||**2022**|**2021**|
|**Analysis of cash and cash equivalent**||**£**|**£**|
|Cash in hand||135,759|140,717|
|Short term deposit (less than 3 months)||||
|**Total cash and cash equivalents**||**135,759**|**140,717**|
|12||||
## **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
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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.
14
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.
15
## **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 operates 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
16
**Lay Employees:** Personnel employed by the Circuit on generally accepted commercial employment terms
**Ministers (Including Superintendent):** Probationer or Ordained Methodist Presbyters and/or Deacons who have pastoral and administrative responsibility for the Churches within the Circuit
**MMPS:** Methodist Ministers’ Pension Scheme
**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.
17
|**Note 3**
**Interest and Investment Income**
Central Finance Board-interest
Circuit Model Trust Fund -interest
Circuit Model Trust Fund-dividends
Capital Receipts re sale of Bramhope Manse
Capital Receipts re sale of Yeadon Manse
Capital Receipts re sale of Timble Chapel
**Note 4**
**Assessments**
Addingham
Ben Rhydding
Bramhope
Burley in Wharfedale
Guiseley
Hawksworth
Ilkley
Menston
Norwood
Otley
Pool in Wharfedale
Rawdon
Yeadon
**TOTAL**
#
**Note 5**
**Grants to fund Christians Against Poverty**
**Debt Centre (CAP)**
Methodist Connexion
**ACTS435**
**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**
**Unrestricted**
0
0
0
0
0
0|**Total Designated**
**Unrestricted**
0
0
0
0
0
0|**Total**
**2022**
409
2,008
38
283,907
154,143
0
**440,505**
**Total**
**2022**
23,719
14,453
28,003
37,398
53,835
2,575
97,672
44,255
2,500
-5,000
4,400
2,991
34,583
**341,384**
**Total**
**2022**
**7,500**
**1,100**||**Total**
**2021**
170
358
24
0
0
182,975|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||
|||409
283,907
154,143||2,008
38||||||||||||||
|||**438,459**||**2,046**||**0**||**0**|**0**|**0**|**0**|**0**||**0**|||**183,527**|
||||||||||**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|||||**Total**
**2021**
23,719
14,453
28,003
37,398
53,835
2,575
97,672
44,255
2,500
37,220
4,400
2,991
34,583|
|||**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
-5,000
4,400
2,991
34,583||||||||||||||||
|||**341,384**||**0**||**0**||**0**|**0**|**0**|**0**|**0**||**0**|||**383,604**|
||||||||||**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|||||**Total**
**2021**
5,500
**0**|
|||**General Fund**|**Circuit Model**
**Trust Fund**||**Restricted**
**Funds**
**Other**|||||||||||||
|||||||||||||||||||
|||||||||||||||||||
|||||||||||||||||||
|||**0**||**0**||**0**||**8,600**|**0**|**0**|**0**|0||0|**8,600**
**0**||**5,500**|
18
|**Note 6**
**Lettings**
Bramhope and Otley Manses 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**|**Restricted**
**Funds**|**Restricted**
**Funds**|**Restricted**
**Funds**|**Property**
**Reserve**|**Beamsley**
**Fund**|**Norwood**|**Timble**|**Total Designated**
**Unrestricted**
**0**
**(2,046)**
**0**
**7,000**
**10,272**|**Total Designated**
**Unrestricted**
**0**
**(2,046)**
**0**
**7,000**
**10,272**|**Total**
**2022**
13,343
-4,089
0
7,000
10,272
**26,526**||**Total**
**2021**
**24,650**
**(5,719)**
**0**
**7,000**
10,163|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||
||13,343
(2,043)||||**Other**||**CAP**||7,000|(2,046)
10,272|||||||
||**11,300**||**0**||**0**||**0**|**0**|**7,000**|**8,226**|**0**||**15,226**|||**36,094**|
In Feb 2021 the Trustees concluded there is no requirement for the Bramhope manse to be held by future use by a minister and disposed of the property in Nov 2021. Norwood cottage is connected to the Chapel and cannot be disposed of seperately - it is not held for investment purposes. The manse at Otley was let on AST from January 2021 until March 2022 and is currently being marketed for sale.
**Other Income** Supernumary fees waived Bookings Collections Donations Friends of Norwood Events Transfer in (Mary Shepherd Fund) Funeral Fees **Total Other Income Total Other Charitable Income**
|325|**0**
325
1,005
1,005
1,397
1,397
5
7,530
90
90
779
779
0
261
**444**
444
**3,720**
**11,831**|**0**
410
1,638
6,330
230
0
0
317|
|---|---|---|
|1,005
0|||
|1,397
0|||
|0
7,525
5|||
|90|||
|779|||
|261|||
|444|||
|**325**
**261**
**0**
**7,525**
**0**
**444**
**3,276**
**0**||**8,925**|
|**11,625**
**261**
**0**
**7,525**
**0**
**7,444**
**11,502**
**0**|**18,946**
**38,357**|**45,019**|
|**Note 7**
**Grants & Donations**
Menston-Lay workers support
Beamsley Project
ACTS 435 (CAP)|**General Fund**
0|**Circuit Model**
**Trust Fund**
2,000
0
0|**Circuit Model**
**Trust Fund**
2,000
0
0|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**Other**|**Restricted**
**Funds**
**CAP**
1,050|**Restricted**
**Funds**
**CAP**
1,050|**Property**
**Reserve**|**Beamsley**
**Fund**
5,000|**Norwood**|**Timble**|**Total Designated**
**Unrestricted**
0
5,000
0|**Total Designated**
**Unrestricted**
0
5,000
0|**Total**
**2022**
2,000
5,000
1,050
**8,050**||**Total**
**2021**
2,000
3,500
0|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||
||||||||||||||||||
||**0**||**2,000**||**0**||**1,050**|**0**|**5,000**|**0**|**0**||**5,000**|||**5,500**|
19
|**Note 8**
**General Fund**
**Stipends and Salaries**
**Ministers and Deacon:**
Stipends
119,139
Pension costs
31,190
National Insurance costs
10,793
Telephone
4,050
Travel / Mileage Allowances
3,807
Supernumerary Appointments
2,776
Circuit Allowances -Energy Use
3,681
Invitation and moving costs
2,556
Computer Allowance
1,213
Sub-Total
179,205
Average number of staff employed during the
year
4.5
**Lay workers and paid staff**
Salaries
33,077
National Insurance costs
1,646
Pension
1,155
Sub-Total
35,878
Average number of staff employed during the
year
0.67
**Salaries, Stipends and Assoc Costs Total**
**215,083**
Average number of staff employed during the ye
**5.17**|**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**
**2022**
0
119,139
0
31,190
0
10,793
0
4,050
0
3,807
**0**
2,776
**0**
3,681
0
2,556
0
1,213
0
179,205
0.0
4.5
**0**
42,536
**0**
1,718
**0**
1,155
0
45,409
0.00
1.07
**0**
**224,614**
**0.00**
**5.57**|**Total**
**2021**
**153,421**
**38,173**
**12,159**
5,084
3,069
947
2,908
3,000
1,183|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||
||119,139
31,190
10,793
4,050
3,807|||||||||||||
||2,776
3,681
2,556
1,213|||||||||||||
||179,205||0||0||0|0|0|0|0||**219,944**|
||4.5
33,077||||||**9,459**
**72**
**0**||||||**5.70**
**51,649**
**2,697**
**2,188**|
|||||||||||||||
||1,646|||||||||||||
||1,155|||||||||||||
||35,878||0||0||9,531|0|0|0|0||**56,534**|
||0.67||||||0.4||||||**1.60**|
||**215,083**||**0**||**0**||**9,531**|**0**|**0**|**0**|**0**||**276,478**|
||||||||**0.40**|||**0.00**|**0.00**||**7.30**|
## Note 8 Contd
The circuit employed lay staff involved in administration activity; 0.25 fte administrator plus 0.5fte Finance Advisor until 30 June 2022, 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 real living 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 2021-22 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 ministers 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.
20
## **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**|**2022**|**2021**|
|Rev Roger Smith|£25,824|£0|£6,947|£32,771|£32,090|
|Rev Timothy Perkins|£25,824|£2,582|£6,947|£35,353|£34,942|
|Rev Roberta Topham|£25,824|£0|£6,947|£32,771|£32,090|
|Deacon Jennifer Parnell|£0|£0|£0|£0|£32,090|
|Rev Shannon DeLaureal|£25,824|£0|£6,947|£32,771|£32,090|
|Rev Leonora Wassell|£0|£0|£0|£0|£5,105|
|**Deacon Liz Day**|12653|0|3404|£16,057|£15,871|
|Rev Martin Atkins|£0|£0|£0|£0|£5,105|
|**Key management connected to trustees**||||||
|Mrs B L Downes (wife of Mr R Downes)|£2,561|£0|£75|£2,636|£15,416|
|**Other Key Management**||||||
|Finance Adviser (CT)|£17,992|£0|£1,496|£19,488|£23,194|
_Prior year comparative analysis:_
|||**_Other_**|**_Employer_**||
|---|---|---|---|---|
||**_Wages &_**|**_Employment_**|**_Pension_**||
|**_Trustee_**|**_Salaries_**|**_Benefits_**|**_Contribution_**|**_2021_**|
|_Rev Roger Smith_|_£25,224_|_£0_|_£6,866_|_£32,090_|
|_Rev Timothy Perkins_|_£28,076_|_£0_|_£6,866_|_£34,942_|
|_Rev Roberta Topham_|_£25,224_|_£0_|_£6,866_|_£32,090_|
|_Deacon Jennifer Parnell_|_£25,224_|_£0_|_£6,866_|_£32,090_|
|_Rev Shannon DeLaureal_|_£25,224_|_£0_|_£6,866_|_£32,090_|
|_Rev Leonora Wassell_|_£5,105_|_£0_|_£0_|_£5,105_|
|_Deacon Liz Day_|_£12,507_|_£0_|_£3,364_|_£15,871_|
|**_Rev Martin Atkins_**|_£5,105_|_£0_|_£0_|_£5,105_|
|_Key management connected to trustees_|||||
|**_Mrs B L Downes (wife of Mr R Downes)_**|_£14,515_|_£0_|_£901_|_£15,416_|
|_Other Key Management_|||||
|_Finance Adviser (CT)_|_£21,450_|_£0_|_£1,744_|_£23,194_|
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.
21
|**Note 9**
**Maintenance on Manses and other Circuit**
**Property**
**Manses:**
Addingham
Bramhope
Burley- Far Mead Croft
Guiseley-St Oswald's Walk
Ilkley
Otley (Newall Hall Park)
Yeadon
Otley (East Busk Lane)
Fund Transfers
**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**
**Unrestricted**
10,680
120
0
128
949
3,350
899
5,355
(20,680)
**801**
450
**450**|**Total Designated**
**Unrestricted**
10,680
120
0
128
949
3,350
899
5,355
(20,680)
**801**
450
**450**|**Total**
**2022**
10,680
120
0
128
949
3,350
899
5,355
0
**21,481**
450
**450**|**Total**
**2021**
1,759
2,379
1,666
722
976
3,081
810
3,081
0
**11,393**
1,170
**1,170**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||
||||||||||10,680||||||||
||||||||||120
0
128
949
3,350
899
5,355||||||||
|||10,000
**10,000**||10,680
**10,680**||**0**|||(20,680)
**801**|**0**|**0**|**0**|||||
||||||||||450||||||||
|||**0**||**0**||**0**|||**450**|**0**|**0**|**0**|||||
|||**10,000**||**10,680**||**0**||**0**|**1,251**|**0**|**0**|**0**||**1,251**|**21,931**|**12,563**|
## **Manse Maintenance**
The Circuit is Managing Trustee for 6 manses, 5 of which were occupied by ministers of the Circuit as at 31st August 2022. Otley Manse (Newall Hall Park) became unoccupied in August 2020 and the Circuit let this property for the period Jan 2021 until March 2022 one year on an Assured Shorthold Tenancy agreement whilst a review of requirements was undertaken As at August 2022, Otley (NHP) was unoccupied and being marketed for sale.
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 £2,000 p.a. per occupied 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
|**Note 10**
**Cnnexional Costs**
**West Yorkshire District Assessment**
a/to meet District costs
b/to meet Connexional Costs
Levy applied to sale of Property
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)||**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**
**Unrestricted**
**0**|**Total Designated**
**Unrestricted**
**0**|**Total**
**2022**
**12,176**
**12,176**
70,420
**168,657**
**0**
**5,460**
**244,537**||**Total**
**2021**
12,694|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**12,176**||||||||||||||||
|||**12,176**||**0**||**0**||**0**|**0**|**0**|**0**|**0**||**0**|||**12,694**|
|||||||||||||||0
**0**
**0**
**0**|||73,418
**53,190**
**0**
**797**|
|||**70,420**||||||||||||||||
|||||**168,657**
**5,460**||||||||||||||
|||**82,596**||**174,117**||**0**||**0**|**0**|**0**|**0**|**0**||**0**|||**127,405**|
22
|**Note 11**
**Other Expenditure**
Insurance
Council Tax
Water Charges
Gas maintenance contracts
Security/Elec Check
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**|**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**
**Unrestricted**
444
0
207
0
0
0
0
1,449
0
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
230
**0**
**750**
**80**
6,942
2,500|**Total Designated**
**Unrestricted**
444
0
207
0
0
0
0
1,449
0
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
230
**0**
**750**
**80**
6,942
2,500|**Total**
**2022**
6,114
14,854
4,385
3,825
478
6,000
0
1,449
433
0
698
856
1,041
1,200
95
60
0
0
0
0
552
7,200
1,832
5,371
750
170
6,942
2,500
**66,805**||**Total**
**2021**
6,233
12,677
4,288
4,130
334
8,999
0
878
394
330
661
2,425
813
1,200
18
65
0
0
0
0
64
6,200
2,923
480
1,584
0
1,125
2,500|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||
|||5670
14854
4178
3825
478|||||||||444
207|0||||||
|||6000||||||433
242
7,200
829||||||||||
|||||||||||||||||||
|||0
698
614|||||||||1,449|||||||
|||||||||||||||||||
|||1,041
1,200
95
60||552||||||||||||||
|||||||||||||||||||
|||773|||||||||250|(20)||||||
|||3,582
90||1,789||||||750|80
6,942
2,500|||||||
|||**43,158**||**2,341**||**0**||**8,704**|**0**|**750**|**11,872**|**(20)**||**12,602**|||**58,321**|
23
## **Note 12**
## **Budgeted and Actual expenditure in the year ended 31st August 2022 (General Fund only)**
A comparison of actual expenditure incurred in 2021-22 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 costs
Stationery & Office Supplies
Postage
Plan Production
Bookroom Supplies
Independent Examiner's fee
ORCH
Leeds Extension Fund
Other expenditure
Greenhill Burial Site Maintenance
Legal Costs
Property Inspection Costs
**Actual/ budgeted profit/loss**|**Actual**
**Budget**|**Saving/**
**Loss**|
|---|---|---|
||**341,384**
**375,210**
409
540
325
4,000
11,300
7,912|(33,826)
(131)
(3,675)
3,388|
||**353,418**
**387,662**|**(34,244)**|
||161,122
165,644
35,879
56,933
71,387
70,414
11,209
12,182
7,768
13,500
29,004
22,860
10,000
10,000
0
8,000
3,279
3,305
1,213
990
2,776
2,200
2,556
6,000
613
1,240
82
155
698
1,220
1,041
600
1,200
1,200
0
3,000
60
65
864
1,200
450
700
3,582
0
6,000
5,000
**350,783**
**386,408**
**2,635**
**1,254**|4,522
21,054
(973)
973
5,732
(6,144)
0
8,000
26
(223)
(576)
3,444
627
73
522
(441)
0
3,000
5
336
250
(3,582)
(1,000)|
|||**35,625**|
||||
|||**1,381**|
The principal variations against budget relate to the reduced assessment contributed by Otley MC , lay staff cost savings were due to resignation of finance manager, no property manager in post and later than planned recruitment of a Circuit Manager.
24
|**Note BS1**
**Tangible Fixed Assets**
In accordance with the principles set out below
at the respective year ends are as follows:
**Manses:**
Addingham (Turner Lane)
Bramhope
Burley in Wharfedale-Far Mead Croft
Guiseley-St Oswald's Walk
Ilkley
Otley
Yeadon
Additions in the Year Otley East Busk Lane
Disposal in Year Bramhope
Disposals in the Year Yeadon
**Total-manses**
**Other Properties:**
Beamsley Church:
Greenhill Cemetery
**Total-other properties**
**Total**|**Note BS1**
**Tangible Fixed Assets**
In accordance with the principles set out below
at the respective year ends are as follows:
**Manses:**
Addingham (Turner Lane)
Bramhope
Burley in Wharfedale-Far Mead Croft
Guiseley-St Oswald's Walk
Ilkley
Otley
Yeadon
Additions in the Year Otley East Busk Lane
Disposal in Year Bramhope
Disposals in the Year Yeadon
**Total-manses**
**Other Properties:**
Beamsley Church:
Greenhill Cemetery
**Total-other properties**
**Total**|**General Fund**|**Property**
**Reserve**
**0**|**Beamsley**
**Fund**
**0**|**Norwood**
**0**|**Timble**
**0**|**Total Designated**
**Total**
**Unrestricted**
**2022**
0
475,000
0
320,000
0
477,601
0
420,030
0
375,000
0
250,000
0
327,500
0
554,780
0
-320,000
0
-327,500
**0**
2,552,411
0
50,000
0
4,050
0
54,050
**0**
**2,606,461**|**Total**
**2021**
475,000
320,000
477,601
420,030
375,000
250,000
327,500
0
0
0
**2,645,131**
50,000
4,050
**54,050**|
|---|---|---|---|---|---|---|---|---|
||||||||||
||||||||||
|||**2,606,461**
**0**
**0**
**0**|**0**|**0**|**0**|**0**||**2,699,181**|
The Circuit owns 6 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 and East Busk Lane acquired in 2014, 2015, 2018 and 2022 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.
25
|**Note BS2**
**Debtors**
**LOANS**
Loan to West Yorks District re Leeds Mission
Otley MC Loan and Sale Fees
**Debtors and Prepayments**
**Prepayments:**
September Stipends pre-paid
Pre-paid Insurance
Telephone rental paid in advance
Pre paid council tax and water
Pre-paid Book supplies
OCHR Subscription
Britsh Gas/Bulb
Fuel Oil
**Total prepayments**
**Other debtors:**
Rents receivable-Bramhope and Norwood
Pool/Rawdon assessment due
Sundry Receipts due as at the year end
Otley Assessment Unpaid
**Total other debtors**||**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**
**Unrestricted**
0
0|**Total Designated**
**Unrestricted**
0
0|**Total**
**2022**
3,499
14,200|**Total**
**2021**
3,499
5,000|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||3,499
14,200|||||||||||||||
|||**17,699**||**0**||**0**||**0**|**0**|**0**|**0**|**0**||**0**|**17,699**|**8499**|
|||15,633
6,131
487
1,376
0
1,750
1,859
0
**27,236**
0
6,642
0
0
**6,642**||**0**
**0**||**0**
**0**||**0**|**0**
**0**|**0**
**0**|253
500
**753**
0
**0**|**0**
0
**0**||0
253
0
0
0
0
0
500
**753**
0
0
0
0
**0**|15,633
6,384
487
1,376
0
1,750
1,859
500
**27,989**
0
6,642
0
0
**6,642**|13,840
189
344
1,098
0
1,750
786
440
**18,447**
0
2,947
0
5,000
**7,947**|
|||**33878**||**0**||**0**||**0**|**0**|**0**|**753**|**0**||**753**|**34631**|**26394**|
All sums prepaid at 31 August 2022 were for activities that took place in 2022/23 Loan to West Yorkshire District is expected to be repaid from 2025 but is under review
|**Note BS3**
**Investments with TMCP**
**Note BS4**
**Central Finance Board (CFB) and Bank**
Central Finance Board (CFB)
Cash at bank (CAF Bank)||**Circuit Model**
**Trust Fund**
503,526||**Restricted**
**Funds**
**CAP**
3,491|**Property**
**Reserve**
29,169|**Beamsley**
**Fund**
24,803|**Norwood**
11,126|**Timble**
-|**Total Designated**
**Unrestricted**
65,098
-|**Total**
**2022**
**503,526**
**Total**
**2022**
131,252
4,507|**Total**
**2021**
**159,587**
**Total**
**2021**
128,816
11,901|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||
|||||||||||||
||**General Fund**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**
**Other**
4,508|||||||||
||58,155
4,507|||||||||||
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.
26
|**Note BS5**
**General Fund**
**Creditors, Accruals and Loans (due in under 1 yr)**
**Creditors:**
Expense claims payable for final Qtr
1,609
Independent Examiner's Fee
4,800
Heating and Lighting and Telephones
70
Otley Christian Resources Hub
0
**Total creditors**
**6,479**
**Accruals:**
Water Charges payable
140
Council tax due
1,144
Accrued relocation and invitation costs
9,000
**Total accruals**
**10,284**
**Amounts received in advance**
1st Qtr's Assessments Received in Advance
84,123
Connexional Funds
1,880
**Total amounts received in advance**
**86,003**
**102,766**|**Note BS5**
**General Fund**
**Creditors, Accruals and Loans (due in under 1 yr)**
**Creditors:**
Expense claims payable for final Qtr
1,609
Independent Examiner's Fee
4,800
Heating and Lighting and Telephones
70
Otley Christian Resources Hub
0
**Total creditors**
**6,479**
**Accruals:**
Water Charges payable
140
Council tax due
1,144
Accrued relocation and invitation costs
9,000
**Total accruals**
**10,284**
**Amounts received in advance**
1st Qtr's Assessments Received in Advance
84,123
Connexional Funds
1,880
**Total amounts received in advance**
**86,003**
**102,766**|**General Fund**|**Circuit Model**
**Trust Fund**|**Circuit Model**
**Trust Fund**|**Restricted**
**Funds**|**Restricted**
**Funds**|**Restricted**
**Funds**
**CAP**
338
28
**366**|**Restricted**
**Funds**
**CAP**
338
28
**366**|**Property**
**Reserve**
285
**285**
**0**
**0**|**Beamsley**
**Fund**
0
**0**
**0**
**0**|**Norwood**
42
**42**
**0**
130
**130**|**Timble**
**0**
**0**
**0**|**Total Designated**
**Unrestricted**
0
0
327
0
**327**
0
0
0
**0**
0
130
**130**|**Total Designated**
**Unrestricted**
0
0
327
0
**327**
0
0
0
**0**
0
130
**130**|**Total**
**2022**
1,947
4,800
425
0
**7,172**
140
1,144
9,000
**10,284**
84,123
2,010
**86,133**
**103,589**||**Total**
**2021**
2,051
3,600
0
3,000
**8,651**
0
0
9,000
**9,000**
71,193
1,780
**72,973**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||
|||||||**Other**||||||||||||
|||||||||||||||||||
|||||||||||||||||||
||4,800
70|||||||||||||||||
|||||||||||||||||||
||0
**6,479**
140
1,144
9,000
**10,284**
84,123
1,880
**86,003**|||**0**
**0**
**0**||**0**
**0**
**0**||||||||||||
||**102,766**|||**-**||**-**||**366**|**285**|**-**|**172**|**-**||**457**|||**90,624**|
All amounts received in advance have been released to income in the following year
|**Note BS6**
**Funds**
Balance brought forward at 1 Sep 2021
Income
Expenditure
Capital Receipts
Capital Purchases
Transfers
Balance carried forward as 31 Aug 22||**General Fund**|**Circuit Model**
**Trust Fund**
159,587|**Circuit Model**
**Trust Fund**
159,587|**Restricted**
**Funds**
**Other**
4,508|**Restricted**
**Funds**
**Other**
4,508|**Restricted**
**Funds**
**CAP**
6,289
16,125
(19,285)|**Restricted**
**Funds**
**CAP**
6,289
16,125
(19,285)|**Property**
**Reserve**
30,135
0
(1,251)|**Beamsley**
**Fund**
23,109
7,444
(5,750)|**Norwood**
12,073
11,502
(11,872)|**Timble**
(20)
0
20|**Total Designated**
**Total**
**Unrestricted**
**2022**
65,297
**2,943,754**
18,946
**390,796**
(18,853)
**(578,113)**
0
**438,050**
**0**
0
**0**
**65,390**
**3,194,487**|**Total**
**2021**
**2,819,065**
**434,675**
(492,961)
**182,975**
**182,975**
**0**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||2,708,073|||||||||||||
||||||||||||||||
|||353,418
(350,837)
438,050
(530,770)||2,307
(189,138)
530,770||0
0|||||||||
|||**2,617,934**||**503,526**||**4,508**||**3,129**|**28,884**|**24,803**|**11,703**|**0**||**2,943,754**|
27
**Note BS6 contd**
## **Capital Receipts**
## **Sale of Manses at Bramhope and Yeadon and Purchase of Manse at Otley East Busk Lane**
The manse at Bramhope was sold in November 2021 and replaced with a Manse at East Busk Lane Otley in the financial year as a approved replacement project. The manse at Yeadon was sold in July 2022 and proceeds were subject to a Connexional Levy.
|**Bramhope Sale November 2021**|**Bramhope Sale November 2021**||**Otley East Busk Lane Purchase June 2022**|||
|---|---|---|---|---|---|
|**SALE**|||**PURCHASE**|||
|Sale Price|£611,500||Purchase Price|£554,780|**B**|
|Solicitor|£1,332||Solicitor|£1,789||
|Searches|||Searches|£0||
|Estate Agent|£6,261||Fees|£0||
|Net Proceeds|£603,907|**A1**|Net Costs|£556,569|**E**|
|**Yeadon Sale May 2022**||||||
|**SALE**||||||
|Sale Price|£490,000|||||
|Solicitor|£1,291|||||
|Searches|£2,656|||||
|Estate Agent|£4,410|||||
|Net Proceeds|£481,643|**A2**||||
|||||||
|Net Proceeds of Sales|£1,085,550|**C**||||
|**Net Capital Receipts and Purchases (C-B)**||||**£530,770**||
|MCH Levy on sale of Yeadon|£168,657|**D**||||
|**Net Capital Receipts after Levy (C-E-D)**||||**£360,324**||
|**Capital Receipts were £1,085,550 - asset value of Bramhope and Yeadon (320,000+327,500)**||||**£438,050**||
28
## **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.
**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 June 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.
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**
**Restricted funds** excluding CAP can be further analysed as follows
|Balance brought forward at 1 Sep 20
Income
Expenditure
Revaluation
Transfers
Balance carried forward as 31 Aug 21|**Training Fund**
**Local**
**Building**
**Education &**
**Preachers'**
**Fund**
**Youth Fund**
**Library Fund**
**696**
**135**
**2,500**
**1,178**
0
0|**Total**
**2022**
**4,508**
0
0
0
0|
|---|---|---|
||**696**
**135**
**2,500**
**1,178**|**4,508**|
29
## **Note BS6 contd**
## **The Assets and Liabilities of the various funds as at 31 August 2022 were as follows;**
|Fixed Assets
Stocks and Debtors
Cash at bank and in hand
Current Liabilities
Non Current Liabilities
Provisions||**General Fund**
**unrestricted**
2,606,461
51,577
62,662|**Circuit Model**
**Trust Fund**
**unrestricted**
0
0
503,526|**Restricted**
**Funds**
**Other**
0
0
4,508|**Restricted**
**Funds**
**Other**
0
0
4,508|**Restricted**
**Funds**
**CAP**
0
0
3,491|**Restricted**
**Funds**
**CAP**
0
0
3,491|**Property**
**Reserve**
**unrestricted**
0
0
29,169
(285)
0
0|**Beamsley**
**Fund**
**unrestricted**
0
0
24,803
0
0
0|**Norwood**
**unrestricted**|**Timble**
**unrestricted**|**Total Designated**
**Total**
**Unrestricted**
**2022**
0
**2,606,461**
753
**52,330**
65,098
**639,285**
(457)
**(103,589)**
0
**0**
0
**0**
**65,394**
**3,194,487**|**Total**
**2021**
**2,699,181**
**34,893**
300,304
**(90,624)**
**0**
**0**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||
|||||||||||0
753
11,126
(172)
0
0|0
0
0
0
0
0|||
|||(102,766)
0|0
0||0
0||(366)
0|||||||
|||||||||||||||
|||0|0||0||0|||||||
|||**2,617,934**|**503,526**||**4,508**||**3,125**|**28,884**|**24,803**|**11,707**|**0**||**2,943,754**|
_Prior Year comparative analysis_
## _**The Assets and Liabilities of the various funds as at 31 August 2021 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_
_34,264_
_65,252_
_(90,624)_
_0_
_0_|
**_Circuit Model_**
**_Trust Fund_**
**unrestricted**
_0_
_0_
_159,587_
_0_
_0_
_0_|
**_Restricted_**
**_Funds_**
**_Other_**
_0_
_0_
_4,508_
_0_
_0_
_0_|
**_Restricted_**
**_Funds_**
**_Other_**
_0_
_0_
_4,508_
_0_
_0_
_0_|**_Restricted_**
**_Funds_**
**_CAP_**
_0_
_0_
_6,289_
_0_
_0_
_0_|**_Restricted_**
**_Funds_**
**_CAP_**
_0_
_0_
_6,289_
_0_
_0_
_0_|**_Property_**
**_Reserve_**
**unrestricted**
_0_
_0_
_30,135_
_0_
_0_
_0_|**_Beamsley_**
**_Fund_**
**unrestricted**
_0_
_0_
_23,109_
_0_
_0_
_0_|**_Norwood_**
**unrestricted**|**_Timble_**
**unrestricted**|**_Total Designated_**
**_Total_**
**_Unrestricted_**
**_2021_**
_0_
**_2,699,181_**
_629_
**_34,893_**
_64,668_
**_300,304_**
_0_
**_(90,624)_**
_0_
**_0_**
_0_
**_0_**|**_Total Designated_**
**_Total_**
**_Unrestricted_**
**_2021_**
_0_
**_2,699,181_**
_629_
**_34,893_**
_64,668_
**_300,304_**
_0_
**_(90,624)_**
_0_
**_0_**
_0_
**_0_**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||
|||||||||||_0_
_629_
_11,444_
_0_
_0_
_0_|_0_
_0_
_(20)_
_0_
_0_
_0_|||
|||**_2,708,073_**|**_159,587_**||**_4,508_**||**_6,289_**|**_30,135_**|**_23,109_**|**_12,073_**|**_(20)_**||**_65,297_**
**_2,943,754_**|
30
**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**
**2022**
**2021**
475
475
475
475
830
830|
|---|---|
||**1,780**
**1,780**|
||435
435
100
100
1,205
1,205|
||**1,740**
**1,740**|
||910
910
575
575
2,035
2,035|
||**3,520**
**3,520**|
## **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 2022**
## **2022**
|**Required**
General Fund 2021/22 25% expenditure
Total Restricted Funds Value
Total Cash at Bank & CFB 31/8/2022
Deficit/Surplus|96,602
7,633|
|---|---|
||**104,235**|
|||
||**135,759**|
|||
||**31,524**|
31
Appendix A -Trustees 1[st] September 2021 – 14[th] June 2023
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 1[st] 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 1[st] 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 1[st] September 2022 Mrs Elizabeth Hoyle Mrs Lindsey Hurst Ms Anne Huby Finished 31st August 2022
Mr Steve Jennings From 1st September 2021 Mrs Judith Johns Finished 31st August 2022 Mr Richard Lowe Mrs Debbie Mashiter Mrs Gillian MacIntosh Mrs Olwyn Marshall Finished 31st August 2022 Mr Neil Mofoot Mrs Sarah Morrish From 1[st] September 2022 Mrs Hilary Murden Mrs Carol Newton From 1st September 2021 Mr Michael Noble Mrs Judith Norby From 1[st] September 2022 Mrs Angela Pearson Mrs Vivien Pitts Mr Alan Pratt From 1st April 2022 Rev Keith Reed Mrs Marion Rider Mr Andrew Robson From 1[st] 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 Mr Norman Sykes Mrs Janet Thompson Mrs Shirley Tillotson Rev Roberta Topham Mrs Joan Wilkinson Finished 31st August 2022
32
## **Declarations and Scrutiny**
I confirm that these accruals-based accounts for the year to 31 August 2022 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting.
Signature of Trustee with Financial Responsibility: _R F Lowe_
Date 2[nd] February 2023
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 2022 was presented to the Circuit meeting held on 23[rd] March 2023
Signature of the Chair of the meeting: _Timothy M Perkins_
Name of the Chair of the meeting: Rev Timothy Perkins
Date 23[rd] March 2023
33
# **Independent Examiner’s Report to the Trustees of the**
# **Wharfedale & Aireborough Methodist 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 2022 set out on pages 1 to 33. 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.
The Circuit’s gross assets as at 31 August 2022 exceeded £3.26million and usually a charity with this level of assets would require the accounts to be audited, not independently examined. However, on 22 February 2023 the Charity Commission exercised one of its discretionary powers and granted the charity an exemption from audit for the year ended 31 August 2022. Having inspected the dispensation, I am satisfied that the Circuit is entitled to have an independent examination for the year in question.
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
34
- 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 …………………………………………
35