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2022-08-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Year Day Month Year 1 Septembe 2021 31 August 2022 r To

From

Section A Reference and administration details

Charity name Rotherham and Dearne Valley Circuit

Other names charity is known by

Registered charity number (if any) 1132844

Charity's principal address 18 Queensway

Rotherham

Postcode S60 3EE

Names of the charity trustees who manage the charity

----- Start of picture text -----
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Joanne Archer- Superintendent
1
Siddall
2 Jenny Park
3 Wayne Ashton
5 Lynn Broadhead
6 Joyce Barrass
7 Dick Styles
8 Jonathan Hood
Eleanor
9
Wainwright
10 David Ryan
11 Anne Holmes
12 Sandra Tanser
13 Roger Lindley
14 Janet Hampshire
15 Robert Hambrey
16 Jane Shore
17 David Guy
18 Ian Maw
19 Rona Hudson
21 Michael Lumb
22 Mary Lumb
23 Victoria Loveday
24 Margaret Moran
25 Judith Olllivant
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----- Start of picture text -----
26 Steve Hannam
27 Joyce Kilner
32 Chris Houghton
33 Clive Taylor
34 Pat Na
35 Irene White
3 Anne Wright
8
Marjorie
39
Collinson
40 Anita Andrews
41 Pam Trehern
42 Peter Drabble
43 Julia Hindley
44 Graham Hudson
45 Kay Hester
46 Fiona Wilson
47 David Schofield
48 Bill Millington
49 Liz Hill
50 Margaret Smith
51 John Cook
52 Amy Wright
Edward Archer
53
Siddall
54 Ron Cauwood
56 Muriel Mellars
57 Gill Styles
58
59
60
61
62
63
64
65
66
67
----- End of picture text -----

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

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Rev Joanne Archer- Siddall Rev Jenny Park

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Deed of Union (1932) AND METHODIST Church Act (1976)

Act of Parliament How the charity is constituted

Appointed by local churches and existing trustees Trustee selection methods Ministers are automatically trustees (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

The Circuit works in partnership with other Christian Churches and a number of Christian charitable organisations:

High St Centre, Rawmarsh (5 members of board of trustees)

Methodist Homes for the Aged

Section C Objectives and activities

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

Summary of the objects of the charity set out in its governing document

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2020-2021

The Circuit produced a quarterly preaching plan to ensure regular acts of worship take place at each of the 10 Methodist Churches and the 1 Local Ecumenical Partnerships in its geographical area.

These are open to all people without charge, and serves over 600 people every week this way.

The Circuit exists to provide a living expression of the Christian faith in action, both in individual’s lives and in community work and providing a regional and national voice. This includes organised acts of learning, caring, worship and service. We do this from a base of 10 caring communities and several charities.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Each of our 10 churches has a variety of public services that it offers, across all the age ranges including, providing rooms for community use, Mums and Tots groups, Playgroups, Youth Groups, support for Youth Uniformed Organisations, including Scouting and Guiding, Boys Brigade, Girls Brigade and a range of activities for adults and the elderly including Memory Cafes and Senior Youth Clubs Through High St Centre in Rawmarsh we provide services on behalf of Rotherham Metropolitan Borough Council through our Youth Charity and Community development work. This includes respite care for children with special needs, after school care, youth clubs and meeting space.

Community Education Connection provides RE teaching in schools in Rotherham through a number of the churches connections with their local schools. This includes assemblies, Prayer Spaces, Godly Play and Church visits. A number of other schools are supplied assemblies from the ‘Open the Book’ scheme.

The Circuit is directly involved and support the following ministries and projects in its area in partnership with other Christian Groups.

 The charity Lighthouse Homes which offers accommodation for homeless men & women.

 Shiloh – day centre for homeless men and women  Acorn Ministries (working with the elderly in local care homes.

The Circuit works in partnership with other Christian Churches and a number of Christian charitable organisations across the Rotherham Geographical area.

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

Section D Achievements and performance

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Mission

Schools work is being developed further with active involvement across the borough. This includes assemblies, ‘Open the Book’ story time and Godly Play and prayer spaces.

Trinity Hall continues to function as a sustainable Community Centre, with provision with office space upstairs. The downstairs being used by Broad Horizons which provides care for adults with learning and physical difficulties.

Holiday Clubs continue at churches across the circuit.

Memory cafes are being run at Wickersley and St. John’s.

Rawmarsh has renovated a new entrance and meeting rooms which are used by the community and NHS.

A new entrance area is being planned at Broom

Family Fun Church has been established at Central and Broom and the

Little Boat Club for under 5’s has at Central, Broom and St John’s.

Whiston is working hard with the Parish Council to offer additional support for community events

Section E Financial review

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2020-2021

Brief statement of the charity’s policy on reserves

The Reserves policy for the Rotherham and Dearne Valley Circuit is to hold equivalent to 6 months’ average expenditure in accordance with Methodist Standing Orders. This should be sufficient to meet any unforeseen item of major expenditure. It is necessary to hold sufficient working capital to enable the quarterly payment of stipends and business expenses for two presbyters and five Lay Workers (from 1 September 2023) and our contribution to the District and Connexion.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) A Holmes Full name(s) Rev Jennifer Park Position (eg Secretary, Chair and Acting Secretary Chair, etc) Superintendent Date 27th June 2023

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Charity registration number 1132844

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

LEGAL AND ADMINISTRATIVE INFORMATION

Ministers Rev J Archer Siddall (resigned 31 August 2022)
Rev J Park
Layworkers Pastor - W Ashton (resigned 31 December 2021)
Pastor - E Archer Siddall
Governance Officer - D Ryan
Lay Visitor - K Dunn
Lay Visitor - E Whiteoak
Evangelism Enabler - J Hood (resigned 24 April 2022)
Childrens worker - G Perkins (appointed 1 July 2022)
Circuit stewards D Ryan
E Wainwright
J Shore (resigned 14 March 2022)
A Holmes
G Hudson (appointed 14 March 2022)
V Loveday (appointed 14 March 2022)
J Hampshire (appointed 20 June 2022)
A Andrews (appointed 20 June 2022)
Treasurer D Ryan
Charity number 1132844
Registered office Central Methodist Church
Lodge Lane
Aston
Sheffield
S26 2BP
Accountants Hart Shaw LLP
Europa Link
Sheffield Business Park
Sheffield
S9 1XU

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 16

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The trustees present their annual report and financial statements for the year ended 31 August 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Deed of Union (1932) and Methodist Church Act (1976), the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

Charity objective is to act as a Resource provider within the area around Rotherham for the Methodist Church.

The purposes of The Methodist Church are and shall be deemed to have been since the Date of Union the advancement of -

(A) The Christian Faith in accordance with the doctrinal standards and the 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

How the charity achieves its aims:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The charity is the controlling body of the Methodist Church in the Rotherham and Dearne Valley area. We seek to promote the Christian Gospel of Hope through the life and teachings of Jesus Christ as contained in the Holy Bible. We do this in many ways but mainly through the operation of 11 Churches in this area. The beneficiaries of our work are many and through discussion at our circuit meeting we constantly seek new ways of spreading the Gospel.

Financial review

The charity is financially solvent and currently holds reserves in excess of Methodist requirements as laid down by conference. We are looking at how our reserves can be deployed in the future. Two new ministers have been appointed and they start 1 September 2023 for a minimum of 5 years.

The charity are required to hold as reserves within the Methodist church 6 months annual expenditure as a minimum. There is no requirement to spend sums in excess of this.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Structure, governance and management

The Rotherham And Dearne Valley Circuit is under the control of the circuit meeting in this area. The actions are outlined and discussed at our quarterly meeting. Reports are presented on a regular basis to explain our current situation.

All financial documents are supplied to the Sheffield District which itself oversees a number of circuits in this area. The day to day running of the circuit is overseen by the Circuit leadership team who are the employed staff and a number of unpaid lay circuit stewards.

The trustees who served during the year were:

M Lumb J Hampshire M Collinson D Styles A Holmes R Hudson P Drabble R Rutherford D Schofield D Ryan M Moran A Wright R Lindley I White J Hindley J Shore (ceased 14 March 2022) J Ollivant A Andrews R Hambrey J Cook L Hill G Hudson Rev. J Park C Taylor W Cutts (resigned 20 June 2022) E Wainwright J Hood (resigned 24 April 2022) J Kilner P Trehern S Hannam M Lumb P Na K Dunn V Loveday W Ashton (resigned 31 December 2021) M Smith S Tanser C Houghton B Millington R Cauwood K Hester F Wilson M Mellars I Maw Rev. L Broadhead D Guy Rev. J Archer - Siddall (resigned 31 August 2022) Rev. J Barrass E Archer Siddall

All members of the circuit are appointed by the churches in the area of influence plus the paid staff employed by the circuit.

Transfers from restricted funds

With regard to the transfers from the restricted fund. The fund is only restricted in that application has to be made to the head office of the Methodist Church through the electronic consents system. If approval is given to a scheme then funds can be withdrawn. All monies into the restricted fund come from the sale of locally held Methodist land and property.

The trustees' report was approved by the Board of Trustees.

David Ryan

Treasurer

17 February 2023

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

I report to the trustees on my examination of the financial statements of Rotherham and Dearne Valley Methodist Circuit (the charity) for the year ended 31 August 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Natalie Bracey FCA Hart Shaw LLP

Chartered Accountants Europa Link Sheffield Business Park Sheffield S9 1XU

Dated: 1 March 2023

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Charitable activities
3
175,175
-
Other trading activities
4
34,560
-
Investments
5
1,676
3,887
Other income
6
2,236
-
Total income
213,647
3,887
Expenditure on:
Charitable activities
7
338,495
11,366
Contributions to DAF
-
33,662
Other expenditure
12
-
5,218
Total resources expended
338,495
50,246
Net gains/(losses) on investments
13
-
(3,377)
Net outgoing resources before transfers
(124,848)
(49,736)
Gross transfers between funds
(113,848)
113,848
Net movement in funds
(238,696)
64,112
Fund balances at 1 September 2021
1,262,938
619,247
Fund balances at 31 August 2022
1,024,242
683,359		 Total
2022
£
175,175
34,560
5,563
2,236
217,534
349,861
33,662
5,218
388,741
(3,377)
(174,584)
-
(174,584)
1,882,185
1,707,601		 Total
2021
£
142,231
53,861
2,923
81,940
280,955
303,137
32,128
-
335,265
8,338
(45,972)
-
(45,972)
1,928,157
1,882,185

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

BALANCE SHEET

AS AT 31 AUGUST 2022

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Investments
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
19
Unrestricted funds		 2022
£
£
438,975
50,383
489,358
962
-
1,262,529
1,263,491
(45,248)
1,218,243
1,707,601
683,359
1,024,242
1,707,601		 2021
£
£
618,975
53,761
672,736
3,171
3,000
1,240,895
1,247,066
(37,617)
1,209,449
1,882,185
619,247
1,262,938
1,882,185		 2021
£
£
618,975
53,761
672,736
3,171
3,000
1,240,895
1,247,066
(37,617)
1,209,449
1,882,185
619,247
1,262,938
1,882,185
672,736
1,209,449
1,882,185
619,247
1,262,938
1,882,185

The accounts were approved by the Trustees on 17 February 2023

David Ryan Treasurer

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

Charity information

Rotherham and Dearne Valley Methodist Circuit is a charity registered in England and Wales. The registered office is Central Methodist Church, Lodge Lane, Aston, Sheffield, S26 2BP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Deed of Union (1932) and Methodist Church Act (1976), the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by conference as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised under the accruals basis. Specific expenditure on charitable activities is charged directly against the activity to which it relates as costs of raising funds or expenditure on charitable activities.

Support and governance costs are charged against the charitable activity they support the most.

Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

Held at residual value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

3 Charitable activities

2022
£
Church collections
175,175
4
Other trading activities
2022
£
Letting and licensing arrangements
34,560
Other income relates solely to unrestricted funds.
5
Investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
funds
funds
funds
funds
2022
2022
2022
2021
2021
£
£
£
£
£
Interest receivable
1,676
3,887
5,563
561
2,362		 2021
£
142,231
2021
£
53,861
Total
2021
£
2,923

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

6 Other income

Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
£
£
£
Net gain on disposal of tangible fixed
assets
-
-
-
Church use for events
2,236
-
2,236
Freedom2Serve
-
-
-
2,236
-
2,236
Charitable activities
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Staff costs
143,195
9,600
Methodist Church Fund
58,806
-
Telephone & travel
12,185
-
Insurance & utilities
14,119
-
Maintenance on manses
2,159
-
Expenditure on other properties
73,170
-
Donations
2,651
-
Other expenditure
28,278
-
334,563
9,600
Grant funding of activities (see note 8)
-
-
Share of support costs (see note 9)
5,698
-
340,261
9,600		 Total
2022
£
152,795
58,806
12,185
14,119
2,159
73,170
2,651
28,278
344,163
-
5,698
349,861		 Total
2021
£
69,939
750
11,251
81,940
Total
2021
£
146,592
58,808
12,500
13,960
1,949
19,089
800
17,055
270,753
28,976
3,408
303,137

7 Charitable activities

8 Grants payable

During the year no grants (2021 - £27,796) were made to local churches to assist them in funding building projects.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

9 Support costs

Support
costs
Governance
costs
£
£
Administration
costs
5,698
-
5,698
-
Analysed between
Charitable
activities
5,698
-		 2022
£
5,698
5,698
5,698		 2021
Basis of allocation
£
3,408
Charitable activities
3,408
3,408

10 Trustees

During the year, 6 Trustees have been paid remuneration and had received other benefits from an employment with the Rotherham and Dearne Valley Circuit. The Trustees only received remuneration in respect of services they provide undertaking their roles under their contract of employment, and not in respect of their role as Trustees. The value of Trustees' remuneration and other benefits was as follows:

2022 2021
£ £
E Archer-Siddall Remuneration 26,560 25,380
Pension contributions paid 1,593 1,522
W Ashton Remuneration 6,940 20,580
Pension contributions paid 416 1,235
D Ryan Remuneration 11,488 10,637
Pension contributions paid 689 638
J Hood Remuneration 17,110 25,380
Pension contributions paid 1,026 1,522
Rev J Archer-Siddall Remuneration 26,975 28,273
Pension contributions paid 6,398 6,873
K Dunn Remuneration 5,568 5,460
Pension contributions paid - -

During the period, 8 (2021: 10) Trustees received reimbursement of expenses.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

11 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
8
2022
£
109,076
8,551
35,168
152,795		 2021
Number
8
2021
£
124,993
9,814
11,785
146,592

There were no employees who received total employee benefits (excluding employer pension contributions) of more than £60,000.

12 Other expenditure

Net loss on disposal of tangible fixed assets
The loss was made from the selling of a Manse.		 2022
£
5,218
5,218		 2021
£
-
-

13 Net gains/(losses) on investments

Restricted Restricted
funds funds
2022 2021
£ £
Revaluation of investments (3,377) 8,338

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

14 Tangible fixed assets
Freehold land and
buildings
£
Cost
At 1 September 2021 618,975
Disposals (180,000)
At 31 August 2022 438,975
Carrying amount
At 31 August 2022 438,975
At 31 August 2021 618,975
15 Fixed asset investments
Ward Bequest
£
Cost or valuation
At 1 September 2021 53,761
Valuation changes (3,377)
At 31 August 2022 50,384
Carrying amount
At 31 August 2022 50,384
At 31 August 2021 53,761

Other investments were subject to valuation by The Trustees For Methodist Church Purposes. The investment is revalued on an annual basis.

16
Debtors
Amounts falling due within one year:
Prepayments and accrued income
17
Current asset investments
Loans		 2022
£
962
2022
£
-		 2021
£
3,171
2021
£
3,000

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

18
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income		 2022
£
308
44,940
45,248		 2021
£
919
36,698
37,617

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

19 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 September
2020
r
£
Circuit Advance
Fund
545,036
Ward Legacy c/o
Eastwood
45,423
590,459		 Movement in funds
Incoming
esources
Resources
expended
Transfers Revaluations,
gains and
losses
Balance at
1 September
2021
r
£
£
£
£
£
72,301
(61,104)
9,253
-
565,486
-
-
-
8,338
53,761
72,301
(61,104)
9,253
8,338
619,247		 Movement in funds
Incoming
esources
Resources
expended
Transfers Revaluations,
gains and
losses
Balance at
31 August
2022
£
£
£
£
£
2,582
(50,092)
115,000
-
632,976
1,305
(154)
(1,152)
(3,377)
50,383
3,887
(50,246)
113,848
(3,377)
683,359		 Movement in funds
Incoming
esources
Resources
expended
Transfers Revaluations,
gains and
losses
Balance at
31 August
2022
£
£
£
£
£
2,582
(50,092)
115,000
-
632,976
1,305
(154)
(1,152)
(3,377)
50,383
3,887
(50,246)
113,848
(3,377)
683,359
683,359

The Circuit Advance Fund holds the capital receipts from the sale of properties.

The Ward Legacy is a trust fund which was set up to benefit a number of churches and circuits in the Sheffield District. Due to restrictions in the legacy only interest can be drawn from the fund each year.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

20 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
fund
Restricted
fund
2022
2022
£
£
Fund balances at 31 August 2022 are represented
by:
Tangible assets
438,975
-
Investments
-
50,383
Current assets/(liabilities)
585,267
632,976
1,024,242
683,359		 Total
2022
£
438,975
50,383
1,218,243
1,707,601		 Total
2021
£
618,975
53,761
1,209,449
1,882,185

21 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

Rotherham and Dearne Valley Methodist Circuit 1132844

The auditor’s report is included on page 3 of the Annual Finance Report