TRUSTEES, ANNUAL REPORT and FINANCIAL STATEMENTS for the year ended 31 AUGUST 2024 The Methodist Church Yorkshire West District The Methodist Church Yorkshire West District Contents Objectives and activilies Achievements and performance Financial review Investment Policy and Performance Reserves level and policy Risk management Collaborolive arrangements with connected charities Fundraising Trustees, responsibilities Slruclure, governance and management structure Purpose of the Dislrict Governance Responsibilities of the District Policy Committee District Properties Reference and Administrative Details statements of Financial Activities ISOFAI 2024 2023 Balance Sheets 2024 2023 Cash Flow Statement 10 Accounting framework and accounling policies Notes to the Accounts Investmenl management 13 Summary of movemenls on individual funds 14 Connected organisations and relaled parties 15 Volunteer contributions Capilal commitments and contingent liabililies 17 Lease commitmenls 18 Accountancy support and audil Related party transactions 20 Post balance sheet events 21 Decloration and Audilor's report The Methodist Church Yorkshire West District Trustees, Annual Report 202312024 l. Objectives and activities The Methodist Church Yorkshire West District is a registered charity and is part of the Methodist Church in Great Britain . In this report ,and in practice, the organisation is often referred to as ' The Yorkshire West Methodist District, . It exists to inspire, equip, and resource the circuits and churches of the District to support them in living out the calling of the Methodist Church to respond to the Gospel of God, s love in Christ. Through this working in partnership we seek, with God's help, to be a growing, evangelistic, justice seeking, inclusive and safe church living out its discipleship and mission. This pU￿oSe is derived from a number of documents published by the Methodist Church: l. The Methodist Church Standing Orders (S0400A) which speaks about the primary purpose of the District. 2., Our Calling, 3. 'The God for All Evangelism and Growth Strategy, We understand a growing, evangelistic, justice seeking, inclusive and safe church living out its discipleship and mission to mean: Growing: where relationships with God and others are nurtured and deepen and where more people increasingly join a shared life of following Jesus. Evangelistic: where the Good News of Jesus is shared in words and actions and people are invited, encouraged and equipped to commit to following Jesus in day to day life. Justice seeking: where attitudes and structures that marginalise others are challenged, and Christians join with others in prayer and action for peace, mercy, justice, equality and th¢ flourishing of all creation. Inclusive and safe: where all are welcome, diversity is celebrated not condemned, participation is enabled not held back, and our welcome protects the safety and wellbeing of all. 2 Achievements and perforniance In 2022 the District adopted a new strategy for the next 5 years of its work, focussed on equipping, resourcing, and inspiring the circuits and churches of the District in their mission, worship, and service. There was a restructuring of several teams in the District which are now shaped to oversee these streams of work and the priorities that come from them. In the second year of the new strategy, we have been able to make progress in a number of areas under these various priorities. Inspiring Mission and Ministy: We continue to utilise better communication and District gatherings to inspire mission and ministy. A new website was launched alongside improved communication streams. There has been an increase in storytelling, good news sharing and new initiatives across the District. Equipping Mission and Ministy: We have continued to seek ways to resource churches and circuits using a 'Methodist Way of Life,. We have developed new ways of enabling circuits to consider which churches may be becoming vulnerable and, if they are to close, what things might need to be addressed to safeguard discipleship and mission. Having last year declared a Climate Emergency and developed a policy to consider how we as a District reduce our climate impact. The policy is being implemented with energy audits being undertaken to assess our impact and develop strategies for change. This year we have continued to develop our understanding of digital mission and church, and resources are being developed to enable greater digital engagement in circuits. The District made available grants to resource warni spaces in local churches. Touchstone counselling service had a positive second year responding to those who have experienced faith based trauma. Funding is secured for the next 2 years, and the work is under continuing review. The District has established a plan for its engagement in Bradford 2025, with 5 venues hosting the Methodist Collection of Modern Art in Sept 2025. The District also continues to resource the work of Leeds Sanctuary, fomerly the Leeds Methodist Mission. The Team at Sanctuary has grown and is continuing to develop work in areas of wellbeing, city centre mission and engagement, and craftivism. The decision was also made to bring the Methodist Chaplain to the Universities of Leeds into relationship with Leeds Sanctuary from September 2023 and this has been a good f￿st year of that arrangement. The District also resourced a new project called Wesley Life Path. This saw 230 children attend a programme around the life of John Wesley and consider how that inspires change, justice seeking, and faith. A group is being established to monitor this work moving forward. Resourcing Mission and Ministy: The District has continued to develop the quality of its lay employment advice and resources, developing policies, providing expert guidance, and assisting in recruitment. It continues to look for areas of improvement. This year has been the first full year with our Missional Property enabler in post. This appointment has improved communication with TMCP, provided in house expertise that can be shared with circuits, and improved processes. It has also brought better management to District properties, enabling us to fulfil our charitable trnst responsibilities more effectivèly. Financlal review During the year the District received total income of £1,027,515 and spent £1,181,255. The District sold Oxford Place, and the Merton Road manse and there was a loss on disposal of these assets of £94,471 . There was a revaluation gain on the other manses of £85,000.There was therefore a net movement in funds of £ (163,211) for the year and total reserves carried forward of £4,489,441. The trustees of the District have every reason to believe that the District is a going concern, principally because circuits continue to meet their assessments and the District has adequate reserves to cover a shortfall in anticipated income. There are no subsidiary undertakings. Trustees do not foresee any factors that will significantly affect the financial performance or position in the next year or two. The District holds a number of freehold properties being: the Chair's manse in Idle. The manse in Leeds used by the Mission enabler/ Leeds Sanctuary Presbyter the Touchstone property which is used as the District administrative base. Conistone Hostel. The manse used by the Leeds Universities, Chaplain. The District has the following principal sources of funds: Investment income and gains. Levies on the Circuit Model Trust Funds of circuits within the District. Assessments on circuits within the District. Grants and restricted resources from the Connexion. These sums are used to administer the District and to provide grants to circuits, churches and individuals in the District so that they may embark on or continue with projects that fulfil the mission of the District by bringing more people to Christ or by providing facilities that might enable this to happen. Investment Policy and Performance Restricted funds and monies for long term investment are lodged with the Trustees for Methodist Church Purposes (TMCP). TMCP acts as custodian trustee for all real estate held by Districts and for all large (over £20k) bequests and for the proceeds of sale of any property formerly owned by the District. These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FfsE100 index. The deposit income mirrors the deposit rates available elsewhere. These organisations take into consideration the social, environmental and ethical issues, both negatively and positively, that make investments suitable for the Methodist Church. Short term deposits are lodged directly with the Central Finance Board (CFB) and attract favourable rates of interest. There are no other benchmarks for the expected returns on investments at TMCP and CFB. The objective for the District is a rate of return at least as good as market rate. 3.2 Reserves level and policy The Managing Trustees are responsible for ensuring, as far as is in their power, the continuing financial health of t.he District. This requires the keeping of sufficient funds to meet day to day expenses and to respond to unforeseen circumstances, risks and challenges which may arise. Reserves Policy for Unrestricted General Fund (excluding properties). The Managing Trustees, policy is to maintain the level of reserves at no more than six months of total resources expended. Where reserves vary from this level, the figure will be reported to the Distric[ Policy Committee for action to be taken, if considered necessary, to remedy the position. Note.. The General Fund (excluding properties) amounted to £558,308 at 3 7 August 2024 equivalent to just over eleven and a half months of resources expended. Policy for Unrestricted District Advance Fund. This fund is intended to support new initiatives in mission and ministry, outreach and evangelism. The District Policy Committee will determine annually the percentage split of the available funding between personnel and property. The District Grants Committee, on behalf of the District Policy Committee, administers the fund in accordance with the stated priorities and procedures Policy for Unrestricted Designated Funds. The Managing Trustees, policy is to maintain Designated Funds, in accordance with their stated objectives. Policy for Restricted Funds. The Mana'ging Trustees, policy is to maintain all Restricted Funds in accordance with their stated objectives as shown below. Bradford City Centre Fund: The capital of this fund is in the nature of an Advance Fund (see District Advance Fund above). Benevolence Fund has been set up for a specific restricted purpose. Allen Illingworth Funds- Youth and Overseas Missions: These two funds were set up on receipt of monies from the estate of Allen Illingworth. Each one has a specific restricted purpose. Leeds Methodist International House Fund: This fund arose from the sale of the Methodist International House in Leeds in 1976 and must be used for work among students in the District. It has been agreed this should fund the Yorkshire West District's share of the cost of the University Chaplain. Conistone: Funds to be expended in the running and maintenance of Conistone Hostel. Tariffs are set at an appropriate level in order to maintain an adequate balance. Touchstone restricted funds relate to the Counselling services which are continuing Leeds Extension Society: exists to provide small loans and grants to churches and Circuits within the former Leeds District . Leeds Methodist Choir: rehearses and performs an annual concert. 3.3 Risk management The Managing Trustees have examined the major strategic and operational risks facing the District and have established the necessary systems to manage or mitigate these risks. In particular: Suitable insurance cover is in place. The District's finances are kept under review. The District has adopted the Methodist Church Safeguarding Policy and ensured it is rolled out to the circuits and churches. It has a District Safeguarding Officer (DSO) and an Assistant DSO. Appropriate Disclosure and Barring Service (DBS) checks are made and there are regular audits of Safeguarding practices across the District, circuits and churches. The District Safeguarding Advisory Group continues to monitor risks and will seek professional advice where necessary. 3.4 Collaborative arrangements with connected charities The District's main so.urce of funding was the assessment obtained from each circuit within the District based on the membership and staffing levels of the circuit and this was used to defray the cost of administering the District. The District also obtained from each Circuit with a reserve in its Circuit Model Trust Fund (CMTF), a levy based on the size of the Circuits, CMTFS at the start of the connexional year (01 September). This was credited to the District Advance Fund. The District holds no funds as custodian trustee. It does, however, quarterly receive from circuits within the District the circuits, contributions to the Methodist Church Fund (MCF). These sums are collected as agent for the MCF and are passed to the MCF later in the same quarter. Funds receivable by the District as agent are not recognised in the financial statements because the funds are not within its control. No fee is earned in respect of this agency arrangement and the District incurs no cost through this arrangement. 3.5 Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as "soliciting or otherwise procuring money or other property for charitable purposes" The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial statements for the year under review. The charity has received no complaints in relation to fundraising activity for the year under review. Trustees. responsibilities For each financial year ending on 31 August, the Managing Trustees are required to prepare financial statements that give a true and fair view of the Districvs financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the Trustees must: select suitable accounting policies and apply them consistently using the accruals method. make judgements and estimates that are reasonable and prudent. follow applicable accounting standards. prepare accounts to comply with the Charities SORP. The Managing Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the District and enables them to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the District and ensuring their proper application under charity law and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees at the time when this Trustees, Report is approved, have confirmed that: so far as that Trustees are aware, there is no relevant audit information of which the charity's auditor is unaware, and that the Trustees have taken all the steps that ought to have been taken as Trustees, in order to be aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The Trustees have complied with the duty in Section 4 of the 2011 Charities Act to have due regard to guidance published by the Charity Commission, including public benefit guidance. Structure. governance and management The District is an unincorporated charitable association governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charity Commission on 4 December 2009. 5.1 Structure Circuits are the co-ordinating charities for local groups of churches. Circuits pay the stipends of the ministers and employ lay staff to serve the churches in the circuit. Most decisions for this purpose are made at, or ratified by, the Circuit Meeting. A District is the co-ordinating charity for a group of contiguous circuits and makes its decisions at the half yearly synods. The Methodist Conference meets once each year as the supreme denominational body for all the Methodist Churches. a) Overall regulatory authority rests with the Methodist Conference. b) The Connexional Office implements decisions made by Conference and is also responsible for the stationing of presbyters and deacons (collectively known as ministers) in individual circuits within the District. c) Connexional decisions are passed to the Chair of the District and the appropriate officers of the District for implementation. d) The District passes regulatory control down to circuit level for local implementation by the superintendent minister, ministerial staff and circuit stewards, and regulatory authority is delegated to the circuit meeting for certain matters. e) The circuit meeting passes regulatory control down to church councils for local implementation by the presbyter, the church stewards, and other officers, and this regulatory authority is then exercised by church councils as managing trustees of their charity. 5.2 Purpose of the District The mission of the Methodist Church is the advancement of the Christian faith in accordance with its doctrinal standards and discipline. The District is an umbrella organisation constituted to advance the mission of the Church in Yorkshire West by providing support for circuits, offering resources, finance, personnel and expertise. The District is also responsible for the deployment and oversight of the various ministries of the church locally. All this is carried out as a response to"Our Calling, adopted by the Methodist Conference of 2000 in Huddersfield and "Priorities of the Methodist Church" adopted by the Methodist Conference of 2004 in Loughborough. The Synod and District Policy Committee are the operating bodies representing circuits and they provide the link with the Connexion. The District Synod appoints the Managing Trustees who are normally the members of the District Policy Committee. 5.3 Governance The District operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. It relies on the Connexional Team, at Methodist Church House, 25 Tavistock Place, London, WC1 H 9SF to provide guidance on changes that could affect the District. The members of the District Policy Committee (DPC) are annually appointed by a vote of the Synod for a continuous term not normally exceeding six years. Membership comprises: Chair of District (ex officio), Synod Secretary (ex officio), named District Officers and one nominated representative from each Circuit, alternating lay and ministerial (presbyteralldeacon) terms wherever possible. The District Policy Committee normally meets four times per year and deals with routine and exceptional matters. It oversees the work of the Grants Committee, finance, property, lay employment, the District office, stationing, safeguarding, authorisations to preside at communion and extensions to local preacher training. 5.4 Responsibilities of the District Policy Committee a) To formulate and promote policies which will advance the mission of the Church in the circuits and local churches and, in particular, to supervise the use of resources of personnel, property and finance and to assist local churches and circuits having exceptional problems. b) To encourage inter-circuit and ecumenical co-operation. c) To att in an executive capacity in matters remitted to the Committee by the Synod. d) To keep within its purview all District concerns not dealt with elsewhere. e) To contribute and respond to the development of Connexional policies as reflected in the work of the Conference and the Methodist Council, and to carry out its other responsibilities with any such development in mind. f) To be aware that the stipend of the Chair of the District is set by the Methodist Conference as for all ministers within the Connexion. g) To constantly be aware of the public benefit guidance issued by the Charity Commission. 5.5 District Properties The Managing Trustees receive reports annually on: the state of the District properties . any remedial work and improvements carried out during the past year. any proposed further work to be undertaken, as advised. io 5.6 Auditors Azets Audit Services is not seeking re-appointment as auditors of the charity. Reference and Adrninistratlve Details Name of the charity: The Methodist Church Yorkshire West District 6.2 Charity registration number 1133134 registered in England and Wales 6.3 Principal Office Touchstone Centre 4 Easby Road Bradford BD71QX 01274 442670 www.yorkshirewestmethodist.org.uk 6.4 Chair of the District Revd Kerry Tankard 6.5 Secretary of the Synod Caroline Stead 6.6 Assistant Secretary of the Synod Lesley Whitaker 6.7 District Treasurer Alan Wittrick li 6.8 Names of Charity Trustees The following served as charity trustees throughout part or all of the year 2023-24 or were trustees at the time of this report being approved: Chair of District Revd Kerry Tankard Synod Secretary Caroline Stead Revd Melvyn Kelly DPC Secretary Wendy Bentley retired 31 August 2024 Lesley Whitaker from 1 September 2024 District Treasurer Alan Wittrick Lay Stationing Representative Claire Corp District Youth Work Coordinator Laura Tunnacliffe until 31 August 2025 Methodist Council Representative Revd Becki Stennett until 31 August 2024 Grants Officer Peter Finneran Rural Lead Revd Andrew Webb until 31 August 2024 Revd Kathie Heathcoat from 1 September 2024 Missional Communities Enabler Revd David Goodall until 31 August 2025 Representing Leeds S&W Revd Jo Lightowler 1 September 2023 LeedsN&E Revd George Bailey ( I September 2023 until 31 August 2025). Revd Tanya Short from 1 September 2025 Denby Dale & ClaY(on West Dr lan Morris 1 September 2023 Wharfedale & Aireborough Michael Noble Aire & Calder Heather Turner 1 September 2023 Skipton & Grassington . Revd Dr Tracey Darling until 31 August 2024 12 Revd Susan Mclvor from 1 September 2024 to 31 August 2025 Revd Tim Perkins from 1 September 2025 Settle Revd Tim Broughton Airedale Peter Howarth until 31 August 2024 Graham Iliff from 1 September 2024 Bradford North Revd Nick Blundell until 31 August 2025 Bradford South Revd Graeme Dutton 1 September 2023 Calderdale Patricia Astwood 1 September 2023 Huddersfield Barbara Hutchinson N Kirklees & Morley Revd Dr David Barker No charity trustee claims exemption of his or her name. 6.9 Bankers: Charities Aid Foundation (CAF) 25 Kings Hill Avenue West Malling Kent ME19 4TA Central Finance Board - the Methodist Church (CFB) 9 Bonhill Street London EC2A4PE 6.10 Investment managers and custodian trustees Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 lJQ 13 6.11 Accountancy Support Sleigh & Story Ltd Thornhill Brigg Mills Thornhill Beck Lane Brighouse HD64AH 6.12 Auditors Azets Audit Services Limited Carlton House Grammar School Street Bradford BD14NS Approvals The Trustees, Report and the Financial Statements were approved by the Managing Trustees on ID 31 a ￿l,- Signed on behalf of the DPC, as authorised: +/J7 Revd Kerry Tankard District Chair Date: Alan Wittrick District Treasurer Date: I I Lo 2C' 14 The Methodist Church Yorkshire West Dlstrlct 7.1 statemenl of Flnanclal Actlvltles [SOFA) for the year ended 31 August 2024 Totsl 202M4 Totsl 2022.ZJ Income and Endowments from: Donations and legacies 11.1 62,350 295 62,645 59,108 Income from Charitable Activites.. Assessments on circuits From Ciicuil M¢yJel Trust Funds Contribution to the cost of the Chaii Connexiond Advance & Property Fund 11.2 163,800 163.800 192,677 49,075 328,430 733,982 154,405 219,60Q 38,582 154,385 566,972 192,677 11.3 49,075 328,430 521,107 163,800 49,075 Income from Investments Other Sale of Properties Total 29,021 95,595 62,241 41,527 1,416 1.088 134,205 96,683 38,623 72,867 11.4 350,766 583,348 41,527 51,874 1,027,515 737,570 Exponditure on Activitios: Grants and donats'ons Salaries and associated costs Property.. offi￿ expenses Synods, committees, Conference Other outgoings.. Projects Sundry Total charitablo expanditure 11.5 11.6 11.8 11.9 17,313 345,639 128,546 16,917 3,409 466,762 143 80,753 484,218 426,392 128,546 16,917 3,409 361,172 319,077 131,111 38,573 2,575 38,049 30,707 580,580 2,971 47,605 131,472 41,020 80,753 1,181,255 23,870 100,841 977,219 11.10 2,441 469,203 Net incornel{exponditurel befor8 transfers Transfers between funds Net incomel{expenditure) Revaluation gainslllossesl 11.12 Profivllossl on dlsposal of tangible fixed assets 11.12 Other recognlsed galnsl(lossas) (229,8141 114,145 11,399,393) (114,9231 11,629,207) (7781 85,000 (94,4711 41,527 1,437,406 1,478,933 (79,598) 76,910 (2,6881 (153,740) 1239,6491 11.11 1153,7401 85,000 (94,4711 1239,6491 1420,000} Net movement In funds Reconciliation of funds: Total funds brought forward Total funds carried fonvard 11,638,678) 17781 1,478,933 12,6881 1163,2111 {659,6491 4,170,986 2,532,308 157,624 156,846 324,042 321,354 4,652,652 4,489,441 5,312,301 4,652,652 1,478,933 15 The Methodlst Church Yorkshlre West Dlstrlct 7.2 statemenl ol Flnanclal Actlvltles (SOFA) for the year ended 31 August 2023 Total 2022Q3 Tolal 2021.22 Income and EndobThnts from: Donations and I￿aGleS 11.1 38,683 20,425 59,108 1,956,052 Incom8 from Charitable Actavites.. Assessments on circuits From Circuit Model Trust Funds Contribution lo the cost of the Chair Connexional Advance & Property Fund 11.2 154,405 154,405 219,600 38,582 154.385 566,972 149,588 159,163 42,741 204,442 555,934 219,600 11.3 38,582 154,385 373,985 154,405 38,582 Income from Investments other Sale of Propelties Total 11,308 58,677 27.377 14,190 162} 38,623 72,867 6,408 43,501 11.4 263,073 415,552 58,94S 737,570 2,561,895 Expeftditure on A¢tivlties: Grants and donations Salaries and associated costs Propety.. - Manses - Other prowrty Insuran￿, ulililies Purchase of Pfoperties Office expenses Synods, committees, Conference Other oulgoings: - Projects - Sundry Totsl charitable expendlture 11.5 11.6 11.8 12,962 249,034 343,497 4,713 70,043 361,172 319,077 309,990 330,443 26,134 28,955 57,623 5,430 12,969 31,564 41,924 57,623 13,206 13,365 54,717 11.9 31,560 2,575 7,013 38,573 2,575 12,443 892 19,932 55,058 483,833 3,938 43,718 147,824 23,870 100,841 977,219 55,385 120,917 911,358 11.10 2,065 345,562 Net incomellexpenditure) before transfer$ Transfer8 behveon funds Adjustment transfers between fund$ Net Incomellexpenditure) Revaluation gainsl{lossesl other recognised gainslllosse$) 1220,760) 1103,754 216,412 1108,1051 1420,0001 69,990 20,589 188,8791 83,168 {152,8451 163,567) (152,8451 {69,278) (239,649) 1,650,537 11.11 13 90,579 (239,649) 1420,000) 1,650,537 Net movement in funds Reconclllatlon of funds: Total funds brought forward Total funds carried forward 1528,1051 90,579 {152,8451 {69,278} 1659,649} 1,650,537 4,699,091 4,170,986 67,045 157,624 152,845 393,320 324,042 5,312,301 4,652,652 3,661,764 5,312,301 16 The Methodist Church Yorkshire West Dlstrict 8.1 Balance Sheet AS AT31 AUGUST2024 General Funds IUnro8trl¢tsdl Dl$trlct Advance Fund IUnrestriet•dl Dgslgnatod Funds IUnr•strlctedl Other Fund8 IRe5trld•dl Total 2024 Total 2023 Notes Tanglble Flxed A556ts Manse and other property 1.974.000 1,974,000 4011,0110 Total flxod a$s•ts 1,974,000 1.974,000. 4011.1)00 Current Assets Oebtor5 and Prepayments 11.13 10,200 10200 4.607 Central Firwnce Board and Trustees for 8th￿15t Church Purposes Deposts etc 11.14 468,145 1,og5.829 1.478.933 229,583 3,272,290 1.460.020 Cash * B￿k in h￿d 11.15 126,007 81.646 207,653 109,319 Totaleuff•ntassèts $94,152 1.095.629 1A78,933 321,429 3,490,143 1.573,946 Current1Sabllltl8s cr￿LtOrS and A¢cru* (due In under I 11.16 35,844 44,833 75 680,752 469,268 Loans to the District 11.17 98,955 Net current lliabllltl85llass•ts 558,308 450,796 1,478,933 321,354 2,809,391 1,1105,723 Tot81 asset$ less currentllabllllhs 2,532,308 450,796 1,478,933 321,354 4.783,391 5,016.723 Long Ilabllltlgs Gr8nts payabl8 11.18 293.950 293.950 364.071 Olher liabilities due after 1 year Net assgts 2,532.308 156.846 1.478.933 321.354 4.489.441 4,652.652 Furnds of the Ol$trt¢t Gener￿ Fund Iunrestrtetedl 11.19 2,532.308 2,532,308 4,170,986 District Advance Fund IUnr85trict8dl 11.19 156,846 156,846 157,624 Designat8d Funds Iunrastricted 11.19 1A78,933 1.478,933 Total unrestrlcted fitnds 2,532.308 156,846 1A78.933 4,168,087 4.328.610 Restricted Funds 11.20 321,354 321.354 324,042 Totsl Fund8 2.532.308 156.848 1A78,933 321,354 4,489,441 4.652,652 The11n￿￿ stsI￿nents were apwoved by the bD8rd of truste￿. S¢gng Dated: Alan WittrKk Trustee DEstrtct Treasur 17 The Methodist Church Yorkshire West District 8.2 Balance Sheet AS AT31 AUGUST2023 Ggneral Funds IUnrostrlGtod) Dlstrlct Advance Fund {Unrestrlctodl Designatgd Funds {Unrestrlrtedl Other Funds (Restricted) Total 2023 Total 2022 Not05 Tan Ible FIx9d Assets anse and other property 11.12 4.011,000 4,011,000 4,431.000 Total )7xed assets 4.011.000 4,011.000 4.431,000 Current Assets Debtots and Prepayments 11.13 4,607 4,607 19,201 Central Finance BoaTd and Trustees for Methodlsl Church Purposes Deposlls elc 11.14 222,832 928,163 309,025 1.460,020 1.563.452 Cash at Bank and In hand 11.15 49.129 49,780 10,410 109.319 66.886 Total current assets 271,9S1 977,943 324,042 1,573.946 1.649.539 Current1SablllUos Creditors and Accruals (due in under 1 year} Loans to th8 District 11.16 13,020 456.248 469.268 . 371.464 17.17 98,955 98.955 98.955 Nel current {Ilabilltle8}la88ets 1 $9,986 521.695 324.042 1.005.723 1.179,120 Total assets less current Ilabllltlés 4,170,986 521.695 324.042 5.016,723 5.610,120 Long terni Ilabllltles Grants payable 11.18 364,071 364.071 297,819 Other liabill￿S due after 1 year Net assets 4,170,988 157,624 324,042 4,652.652 5,312.301 Funds of the Dlstrict General Fund {Unrestricted) 11.19 4,170,986 4.170,986 4,699.091 District AdvanGe Fund Iunreslrithdl 11.19 157,624 157,624 67,045 Designated Funds (Unrestricted) 152.845 Total unrestricted funds 4,17fj,986 157,624 4,328.610 4,918.981 ReslflCt8d Funds 11.20 324.042 324,042 393,320 Total Funds 4,170,986 157,624 324,042 4,652,652 5,312.301 18 The Methodist Church Yorkshire West Dlstrlct 9 Cash flow statement for the year ended 31 August 2024 2024 2023 Statement of cash flows Note Cash from operatlng activities Net cash used in operating activities (251,130) {100,6161 Cash flows from investlng actlvities Dlvidends,interest and rents from investments Proceeds from the Sale of property,plant and equipment Purchase of property,plant and eqLkipment Purchase of intangible assets Proceeds from the sale of investments Purchase of investments Other 134.205 2,027,529 39,617 Net cash provlded by Investing actlvltles 2,161,734 39,617 Cash flows from financing actlvltles New borrowing Repayments of borrowlng Net cash used in financing actlvitles Chan8e In cash and cash equivalents in the reporting perlod Cash and cash equlvalents at the beginning of the reF)Orting period Cash and cash equivalents at the end of the reportlng period 1,910,604 1,569,339 3,479,943 160,9991 1.630,338 1,569,339 2024 2023 Reconclliation of net Income to net cash flow from o Net Income for the reporting period Adjustments for: Depreciation and amortlsation charges Profit on the sale of fixed assets Non-cash donation5 Interest received Loss on the sale of fixed assets Revaluatlon of fixed assets Gains on investments Decrea5ellincreasel in stock5 lincreasel/decrease in debtors increaselldecreasel in creditor5 erating actlvltles 1163,2111 1647,3581 1134,2051 94.471 185,0001 139,6171 420,000 15.5931 42.408 2,303 164,056 Net cash used In operatlng actlvltles 1251,1301 1100.616) 2024 2023 Analysls of cash and cash equlvalent Cash in hand Short term deposlt (les5 than 3 months) Total cash and cash equlvalents 3,479,943 1,569,339 3,479,943 1,569,339 19 The Methodist Church Yorkshire West District 10 Accountlng framework and accountlng pollcles NB Notes to the Accounts can be found in sectlon l 1 Accountlng framework The financial statements have been prepared in accordance with 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 IFRS 1021 lissued in October 20191, Ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, Ihe Charities Act 2011, and UK Generally Accepted Accounting Practice. Publlc benefll entity The West Yorkshire Districl meets the definition of a public benef11 enlity under FRS 102. Assets and liabililies are initially recognised al historical cost or transaction value unless olherwise stated in the relevant accounting policy notelsl below. Basls These accounls have been prepared on the b05is of historical cost except thot investments are shown at their market value at the end of the year. on Ihe accruals basis to show a true and fair view of the Districl's financial position and activities. Conlent The financial informalion presented is relevant, reliable. comporable ond complete. Where estimates are used Ihese are based on experience, research and judgement. The accounts are expressed in £Sterling, rounded to the nearest pound. Golng concem Based on the monelary ossels and human resources available at 31 August 2024, the trustees believe that Ihe District 15 a going concern. Consolldatlon The Districl oversees Ihe work of minislers and lay workers in Churches and Circuits within the Dis*rict but does not have conlrol over those Circuits or Churches, minislers or lay workers except in extreme circumstonces, none of which were applicable. For this reason, the financial statements of the Churches and Circuits within the District are nol included into these financial slatements. The rnanaging Trustees do. however, have oversight of three projects within the Dislrict- Touchstone, Conistone H05tel and Leeds Sanctuary- and those accounts have been included, as have the accounts for: Leeds Methodisl Choir Leeds Extension Society vll Income recognltion Income 15 brought into account when it is more likely than nol that the economic benefit of the income will accrue to the Dislrict. No altempt is made to measure the value of services donated by volunteers. Details of how the contribution to the cost of the District Chair has been determined appears in Note 11.3. A similar figure appears in the Expenditure at Note 11.6. Individual amounts categorised as Other income in the SOFA will be shown seporalely if they are considered moterial. The District acts as agent in Iwo matters: the collection of quartedy assessmenls from circuits which are paid to the MCF the poyment of expenses of delegales from the District to the Methodist Conference In all these malters the transactions are not reflected in the SOFA because Ihere is no obligation on the District to make up any shortfall in assessments from Circuits. Sums received as Circuit assessments cannot be recognised os income in the District as Ihey are Ihe income of the MCF. 20 The Methodist Church Yorkshire West District In accordance with the Charities SORP, the time of volunteers is not recognised. Further information on this matter is provided in the Trustees, Annual Report. vlll Expendlture This is recognised when a liability is incurred, or a constructive obligation arise5, that results in the payment being unavoidable. Liabilities aro recognised as soon as an outflow of econornic benefit is considered more likely than not under the legal or constructive obligation committing the District to pay out resources. Grants ,, Grants are recognised in full when the award is made once the District accepts that there is a legal or constructive obligation to make the payment and thal such paymenl is probable. VAT Slnce the District is not VAT registered. all input VAT is charged with the expenses lo which it refers. Tangible flxed assets These are capitalised if Ihey can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the occounts at eslimated realisable volue, of which the land component is deemed to be 50%. The properties have been reviewed fof impairment. Investments Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and ony gains or losses on revaluation at the year end are shown in the SOFA. DebtOTS and credllors: bank and cash Debtors are stated at Ihe amounts owed to the Districl or prepaid. Creditors are initially recognised al settlement amount after any trade discounts, where normal credit terms apply, or amount advanced to the District. Subsequently creditors that are current liabilities are measured at the cash or olher consideration expected to be paid. The liquid funds of bank balances and deposit account balances are shown at the realisable values. xlv Methodist Church Fund The District acts as agent for the Methodist Church Fund IMCFI by collecling ils assessments on Circuits and does not. therefore, include the assessments in the SOFA. If a Circuit is late in paying its MCF as5e5sment to the District but such sum is received before the quarterty transfer to the MCF, the amount paid lote will be shown as a debtor in the District's accounls, xv Chalr's manse costs The Dislrict is required to provide accommodation for the Chair of District and his/her family. The District bears the cost of repairs, maintenance. building insurance, council tax and water charges. These costs are not shown separately os benefits-in-kind as HMRC does not seek to tax these receipts. Funds reclasslflcatlon The Trustees have reassessed the purpose and restrictions of all the individual funds wilhin the con501idalion of these occounts. As a resull, the lisl of restricted.accounts has been rev15ed. In addition no funds are now classified as designated funds Ihal were previously classified in this way have been moved info general unrestricted. The movements from these reclassificalions are shown in Note 13 to the accounts in the column marked 'adjustmentsltransfers'. Oxlord place Following Ihe sale of Oxford Place in 2023124, the trustees have agreed that the sale proceeds less appropriate costs will be passed on lo Leeds Sanctuary in due course over o number of years. They have therefore decided to create a new designated fund for this purpose. 21 The Methodist Church Yorkshire West District Notes to the Accounts I l.l Donatlons and legacles 2024 General unrestricted 225 120 20,835 6,905 14,377 10,000 1,750 DAF Designated Restricted Total 225 415 20,835 6,905 14,377 i 0,000 1,750 Training Benevolence Leeds Sanctuary Touchstone Connexion Bradford 2025 Conistone Our Colling Safeguarding 295 8,138 62,350 8,138 62,645 Total 295 2023 General unrestricted 135 DAF Designated Restricted Total 135 425 870 37,678 20,000 Training Benevolence Leeds Sanctuary Touchslone Our Calling Safeguarding 425 870 37,678 20,C￿0 Total 38,683 20,425 59.108 11.2 Assessments on clrcults All Circuits paid their assessments lo the District.. the amount paid includes a sum £163,80012022-23 £154.4051 lo defray the costs of running the District and a contribution £766,47512022-23 £738.5921 to the Melhodisl Church Fund lowards the cost of running the Connexion. The sum collected for and remitted to the MCF does not appear elsewhere in these financial statements. An assessmenf on Circuits is annually determined by Dislricts by reference to the number of Staff in the Circuits and the number of Church members. The annuol meeling of Circuit Treasurers, togelher with the District Treasurer, agrees appropriate capping levels for both increases and decreases, in order to achieve the aggregate level of assessments required lo meet the Districl and MCF budget. 22 The Methodist Church Yorkshire West District 11.3 Conlrlbutlon to the CO￿ of the Chalr The Choir of District chairs meetings of the District Policy Committee IDPCI. The members of the DPC are the trustees of the District. The stipend, employer's NIC and employer's pension contributions of the Chair of District are paid by the Methodisl Connexion. The Chair's other costs are mel mostly. by the Disfricl, 2023-24 38,775 4.096 6.204 49,075 16,000 2022-23 26,928 3,576 8.078 38,582 16,000 7.244 61,826 stipend of Chair of District Employer's Nalional Insurance contributions Employer's pension contributions Cash cost paid by the Connexion Isee SOFA, line 7) Notional estimate of cost of providing manse Chails expenses Tolal cosl 66,192 Since the stipend-related costs above li.e. £49,075) are borne by the Connexion, they appear both in the Income of the District and the Expenditure of the Distr(ct Isee Note 71. This is a 'benefil in kind, to the District. It should be noted that the chair is required lo occupy the District manse. The monse is provided by District and Ihe District maintains the properly. The sum of £16,000 was delermined by research of local letting agents on the internel and does not appear elsewhere in these accounts. The Choir of District is the sole paid key management person but is SUPF)Orted by members of the DPC. 11.4 Other 2024 General unrestricted 57,966 24.826 5.019 7,784 95,595 DAF Designated Restricled 1,088 Total 59,054 24,826 5,019 7,784 96.683 General Conistone Leeds Choir Leeds Exl Society Total 1,088 2023 General unrestricted 37,523 8.911 6,639 5,604 58.677 DAF Designated 14,190 Restricted Total 51,713 8,911 6,639 5,604 72,867 General Conistone Leeds Choir Leeds Ext Society Tot, 14.190 23 The Methodist Church Yorkshire West District 11.5 Grant5 and Donatlons 2024 General unrestricted 2.685 9,762 2,758 DAF Designated Restricted Total 2,685 9,762 2,758 General fund Training CDIM Benevolence 8radford DAF MWIB Grievance Illingworth OM L&D Forum 143 466,762 466.762 2.108 2,108 Total 17,313 466,762 143 484.218 2023 General unrestricted 350 7.753 2,026 DAF Designated Restricted Total 350 7,753 2,026 1.544 127 343,497 3,027 2,283 General fund Training CDIM Benevolence Bradford DAF MWIB Grievance Illingworth OM L&D Forum 1,544 127 343.497 3,027 2,283 550 12,962 550 361,172 Total 343,497 4,713 General Fund Training CDIM Benevolence Grant to Leeds University Chaplaincy. Paid to individuals in line with their responsibilities. Provided to minislers on application. Paid to individuals at the sole discrelion of Ihe District Chair. An agreed transfer to Touchstone from the Bradford Fund. Property and mission grants are made to institutions. Paid lo appropriate worthy causes. Bradford DAF Mwi No support costs were allocaled grant making activities. 24 The Methodist Church Yorkshire West District 11.6 Salarle$ and assoclated costs 2024 General unrestricted DAF Designated Restricted 49,075 Total 49,075 67,583 11,071 55.067 104.087 21.616 Chair of District 'Office Youth coordinator ' Safeguarding Leeds Sanctuary Missional Community ONE programme University Chaplaincy Touchstone District Property Sec 67,583 11,071 55,067 104.087 21,616 43,387 12,616 51,828 345,639 43,387 22,678 51,828 426,392 10,062 Total 80.753 Salarles Gross salaries Employers Nl Employers pension 259,616 21,255 13.288 Sllpends Gross salaries Employers Nl Employers pension 60.888 5.996 16,274 Chalr of Districl 49,075 426,392 Total The Chair of the Districl Is not on the District poyroll but is Included above because the postholder is 'a benerrt in kind, to the Districl. See Note 11.3 for more Information. 25 The Methodist Church Yorkshire West District 2023 General unrestricted DAF Designated Restricted 38,582 Total 38,582 50,408 16,253 43.959 95.335 16.910 9.260 33,819 14,551 Chair of District Office Youth coordinator Safeguarding Leeds Sanctuary Missional Communily ONE programme University Chaplaincy Touchstone District Properly Sec 50.408 16.253 43.959 95.335 16,910 9.260 33.819 14,551 Total 249,034 70,043 319,077 Salarles Gross salaries Employers Nl Employers pension 186,316 12,838 7,965 stipend5 Gross salaries Employers Nl Employers pension 53,856 5,033 14,487 Chalr ol District 38,582 319,077 Total No employees received employee benefits that tolalled more than £60,000 for both the current and prior yeor. There is no accrual for holiday pay as it is immaterial; the holiday year ends on 31 August. All staff are poid at or above the living wage. n addition fo the Chair of District. who undertakes Ihe primary executive role within the Dislrict. five other members of Ihe District Policy Commiltee were in receipt of payment for work undertaken on behalf of the District. Two of the Truslees are employees of the District with total salaries of £47,077 plus £0 expenses12022- 23 £59,039 plus £0 expenses). Average nurnber of employees in 2023-24 was 1412022-23: 181. 26 The Methodist Church Yorkshire West District 11.7 Pen$lons Most ordained presbyters and deacons are members of the Methodist Ministers, Pension Scheme IMMPSI. This is a defined benefil scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deoconsl are not employees of the Church. For simplicity, however, when dealing with National Insurance Contributions and pension contributions. the terms 'employer' and 'employee' are used as they would be in an employing body. On the other hand lay employees are contractually employees and have the option of joining the Pension and Assurance Scheme for Lay Employees of Ihe Methodist Church IPASLEMCI, The Pensions Trust or some other arrangement. PASLEMC is a defined benefit scheme and the employing Churches ond Circuits contribute as employers to this scheme. The Connexion accounts for both the MMPS and PASLEMC pension schemes and shows the figures in the annual Methodist Church in Great Britain accounts. The MMPS is in deficit but a plan for removal of the deficit has been proposed and is being implemented. Details of the defficits on these schemes can be found in the Annual Report and Accounts of The Methodist Church at www.melhodist.or 11.8 Property costs 2024 General unrestricted DAF Designated Re5tfiCted Total Manses other property Insurance. utilities etc 61,213 48.461 18,872 128,546 61.213 48.461 18.872 128,546 Total 2023 General unrestricted DAF Designated Restricted Total Manses other property Insurance, utilities etc 26,134 28,955 57,623 112,712 5.430 12.969 31.564 41.924 57,626 Total 18,399 11.9 Offlce expenses 2024 General unrestricted 9.987 544 6,386 16,917 DAF Designated Restricted Tolal 9,987 544 6.386 16,917 other Touchstone Leeds San£luary Total 2023 General unrestricted 16,823 DAF Designated Restricted Total 16,823 7,013 14,737 38.573 other Touchstone Leeds Sanctuary 7,013 14,737 31.560 Total 7.013 27 The Methodist Church Yorkshire West District I 1.1 o other outgoings- Sundry 2024 General unrestricted DAF 2.441 Designaled Restricted 85 1,771 10,733 7,175 7.605 Total 2,527 5,453 10,733 7,175 7,605 Generol Touchslone Conistone Leeds Choir Leeds Exl Society Leeds Sanctuary Consullancy Year End Accounts Audit 3,682 7,224 3,000 16,800 30,707 20.236 27.460 16.8C(I 80,753 Total 2,441 47,605 2023 General unrestricted 4,591 1.477 DAF 2,065 Desi9nated Restricted 501 7,789 5,707 5,270 10,500 13,951 Total 7,157 9,266 5,707 5.270 10.500 49,921 2,220 10.8 100,841 General Touchstone Conistone Leeds Choir Leeds Ext Society Consultancy Year End Accounts Audit 35.970 2.220 10,800 55,058 Total 2,065 43,718 28 The Methodist Church Yorkshire West District I l.I l Transfers belween funds 2024 General unrestricted DAF Designated Restricted Touchstone Conistone Leeds Choir Leeds Extension Society Pentecost Party Oxford Place DAF Our Calling Leeds Sanctuary Bradford 124,8261 15.0191 17,7841 24,826 5,019 7,784 11,537,406) 229300 1542101 i (x),(x)o 1229,3001 14,377 1.437,406 39,833 552 11,399.3931 552 76.910 1114,9231 1,437,406 2023 General unrestricted 162.014) 18.9111 16,6391 15.6041 120,5891 DAF Designaled Reslricted 62.014 8.911 6,639 5.604 Touchstone Conistone Leeds Choir Leeds Extension Society Pentecost Party Oxford Place DAF Our Calling Leeds Sanctuary Bradford 20,589 1103.7571 20.589 83,168 The General Fund budget allows for the contributions lo a number of designated and restricted funds in relation to the business of the District. Furthermore, grants are allocaled to a number of designated and restricted funds from the DAF. 29 The Methodist Church Yorkshxre West District 11.12 Tanglble fixed assels Buildings Total Realisable value B/Fwd Additions Disposals Revaluation Realisable value C/Fwd 4,011,000 4,011,000 12,122,OCKII 85,000 1,974,000 12,122,000) 85.000 1,974,CXY) Assessed realisable value Dislrict Manse 38 Longlands. Bradford 2 Wesl Parade, Leeds 167 Otley Road, Leeds 4 Easby Road, Bradford £430.000 £542,000 £602,000 £250,000 £150.￿0 £1,974,000 Touchstone House Conislone Hostel and Chapel The combined insurance value of the above properties approximates to £6,171,711. Tre trustees have reassessed the value of all the properties set oul above as at the end of August 2024 on the recommendation of the District Property Administrator. The values are based on survey reports for Touchslone House and Conistone Hostel, the selling price of Oxford Place and intemel comparison site5 for comparable properties for each of the manses. This ha5 resulted in a revaluation increase of £85,000 a5 shown above. 11.13 Debtors and Prepayments 2024 General unreslricted DAF Designaled Restricled Tolal Prepayments other Debtors (Due Within I Yearl Other Debtors (Due After l Yearl Total 10,200 10,200 10.200 10,200 2023 General. unrestricled DAF Designated Restricted Total Prepayments other Debtors (Due Within I Year) Other Debtors (Due After l Year) Total 4,607 4,607 4,607 4,607 30 The Methodist Church Yorkshire West District 11.14 Truslees for Melhodlsl Church Purposes The following funds are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month: District Advance Fund Bradford Fund Illingworth Youth Illingworth OIA Leeds Methodist International House District properties TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property. including Legacies, Endowments and Accumulated Funds. Trust property is held.for and on behalf of local Managing Trustees who are responsible for the day lo day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference. 11.15 Central Flnance Board {CFB) and Cash at Bank The Districl has two current accounts at HSBC plc and one at CAF Bank, both authorised inslitutions. The sums held on those accounts are immediately available. In addition the District has Ihree deposit accounls al CFB, a common deposit fund. Interest is earned on these accounts and crediled monthly,. the sums deposited can be withdrawn wilhout notice and without loss of interest. These sums are viewed as being liquid. 11.16 Credtiors and Accruals 2024 General unrestricted 16.800 DAF Designated Restricted Total 16,800 644.833 19.119 680.752 Accruals Granls payable Trade creditors 644,833 19.044 35.844 75 75 Total 644,833 2023 General unrestricted 13.020 DAF Designated Restricted Total 13,020 456,248 469,268 Accrua15 Grants payable 456,248 13,020 456.248 Total 11.17 Loans lo the Dlstrlct In 2019-20 and 2020-21 a number of circuits and churches made loans to the District for the purpose of funding the developing work in the city centre of Leeds through the work of Leeds Methodist Mission ILMMI. Since the sale of Oxford Place. these loans have all been repaid in 2023124. 31 The Methodist Church Yorkshire West District 11.18 Grant Commltments and the D15trlct Advance Fund The District's policy is to recognise committed grants immediately as expenditure out of this fund and thus accrue the unpaid amounts at the year-end as liabilities. No institutlon received grants of such materiality that they should be separately disclosed in these accounts. The grants included within creditors are due to be paid during the following years: 2024125 - £644,833 2025126- £179,450 2026127 - £52,500 2027128 - £43.000 2028129 - £19,000 11.19 Unrestrfcled Funds General Fund The purpose of fhe fund is for use at the discretion of the truste'es in the furtherance of the general objectives of the District and which have nol been designated for other purposes. About 75% of Ihis fund is held as freehold properties. DAF This fund supports initiatives in mission and ministry, outreach and evangelism. and offers supporl for missional property projecls. Deslgnated Fund Triis ftjnd confains the sales proceeds from Oxford Place. The trustees have designated this fund fo provide annual grants to the new Leeds Sanctuary CIO. 32 The Methodist Church Yorkshire West District 11.20 Restrlcted Funds Benevolence Fund Provides financial support to minister5 and lay people in need in the District. Bradford Balance of monies lett from the sale of'the former Eastbrook Hall. and used, when appropriate, for work in the city cenlre of Bradford. Contrfbutlon to the Chalr Salary and associated costs of the Chair of *he District who is funded from Central Methodist funds. Illingworth Youth Legacy for the support of work amongsl young people in the District. Illlngworth OM Legacy to 5UPPOrt the work of the District either overseas or in conjunction with overseas partners. Touchstone Fund lo support counselling services provided by Touchstone. Conlstone Hostel Funds associated with the running of a hostel in the Yorkshire Dales providing accommodation to rent. Extenslon Soclety A fund available for loans and grants to support upkeép of Churches in the Leeds area. Leeds Cholr Funds solely made available and used by the Methodist Choir in Leeds. Our Calllng A fund to support the development of missional communities and to 05SlSt with resourcing churches. Leeds MIH fund A fund set up following the sale of Ihe Leeds Methodist Intemational House and used to support the work of university chaplaincy. 33 The Methodist Church Yorkshire West District 12 Investment management During the year the District paid £1,763 to TMCP. the custodians of the District's investments IDistrict Advance Fund, Brodford Fund, Illingworth Youth Fund, Illingworlh OM Fund, Leeds MIH12023', £1.7631. 13 Summary of movements on slgnlflcant Indlvldual funds 2024 Fund Balance at31 Aug 23 Income Expenditure Transfers Revalualion Profit/Loss on Disposal Bal at 31 Aug 24 Unrestricted General 4,170,986 350,766 1580,5801 11 ,399,3931 85.￿0 194.4711 2,532,308 4.170.986 350,766 (580.580} (1.399.393) 85,000 (94.471) 2.532.308 Unrestrlcted - DAF DAF 157,624 157,624 583.348 583,348 469.2031 {469.203) 1114,9231 114.923 156,846 156,846 Unrestrlcled - Desl nated Oxford Place 41,527 1.437,406 1,478,933 41,527 1.437,406 1.478.933 Restrlcted Benevolence 295 11071 1391 269 Bradford Contribution to the Chair Illingworth Youth Illingworth OM Touchstone Conistone Hostel MWIB Extension Soc Leeds Choir Our Calling Leed5 MIH 11,806 811 49,075 1341 149,0751 513 12,070 9,208 498 1261 9,680 5.454 295 1161 5,733 48,065 9.980 720 11.873 110,7331 36,912 24,073 24,826 150,380 17,6051 7,784 150,559 6,604 79.091 3.334 324,042 7.175 44.819 191 131.472 5,019 39.833 4,448 74,105 3,505 321.354 180 51,874 76.910 Total 4,652,652 1.027.515 (1,181,255) 85,000 (94,471) 4,489,441 34 The Methodist Church Yorkshire West District 2023 Fund Balance at31 Income Expendilure Transfers Revaluation Adjustment Transfers Bal at31 Aug 23 22 Unrestrlcled General 4.699,091 4.699,091 263,073 263.073 483,833 483,833 103,757 103,757 420,000 420.000 216,412 216.412 4.170,986 4,170,986 Unreslrlcted DAF DAF 67,045 67,045 415,552 415.552 345,562 345,562 20,589 20.589 157,624 157.624 Unrestrlcled - Desi naled Desi naled 152,845 152.845 152,845 152,845 Reslrlcted Benevolence Bradford Contribulion lo the Chair Illingworth Youth Illingworth OM Touchstone Conistone Hostel MWIB Extension Soc Leeds Choir Our Callin Leeds MIH 4,115 12,019 425 371 38,582 1,544 532 138,5821 2,876 52 120 11,806 11,805 287 1261 12.8581 9,208 5.299 170 1151 5,454 89,866 6,776 61,703 15.7071 62.014 8,911 42,112 48.065 9,980 3,027 156,270 3,027 110.5001 19941 5,604 150.380 5,233 80,002 18,908 393.320 5,270 20,911 6.639 6,602 79.091 3.334 324,042 20,000 104 58,945 15,669 65,56 147.824 83.168 Total 5,312.301 737.570 977,219 420,000 4,652.652 35 The Methodist Church Yorkshire West District 14 Connected organlsatlons and related partles All of the District trustees are members of one or another Church and Circuit within the Dislrict and may be Iruslees in their Churches and/or Circuits. Connected organisations include the Methodist Connexion, Circuits and Churches within Ihe District, other Methodisl Districts in Great Britain. CFB and TMCP. All of Ihese entilies have their own trustees or directors and autonomous administration such that the Yorkshire West Dislrict has no significant influence over any of them. They are. therefore, nol considered related parties. 15 Volunteer contrlbutlons Every entity Iconnexion, Districl, Circuit, Church) within the Methodist Church in GB is heavily reliant on volunteers who conlribute their skills. lime and money in the furtherance of the work of the Church, Principally this contribution is by serving on commiltees of the District that deal wilh rnission. manses, finance. policy, gronts, Iraining. development. We are grateful to all of them for their help and commitment. 16 Capltal commltments and contlngent Ilabllltles There were no capital commilments or conlingent liabilities af the year end12022-23: nill. 17 Lease commitments The District had commitments for the following: Pholocopier/printer on 5-year lease from Augusl 2024 al £71 .09 + vat per quarter, commitmenl at 31 August 2024 is 5 years i.e. £1,706.2012023'. £3651, 18 Accountancy support and audlt An accrual £3.00012023: £2.2201 has been made in respect of accountancy support: also an accrual of £13,80012023: £10,800) to cover audil costs. Related Party Transactlons There were no related party transaction5 in either the year under review or llie prior year with the exception of Trustee remuneration as disclosed in note 11.6. 20 Post Balance Sheet Events On l April 2025. the Leeds Sanctuary entity within the Districl became a Charitable Incorporated Organisation ICIOI to be funded primarily by an annual grant from the District using ils designated funds from the sale of Oxford Place. The trustees agreed lo Iransfer all the funds in Ihe bank accounts relating to Leeds Sanctuary to the new CIO on this date. 36 Name of District No.,.....27..... ..The Methodist Church Yorkshire West District... Declarations and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2024 have been prepared from the records of the District and that they include all funds under the control of the Distriot Policy Committee. Signature of treasurer . Name and address oftreasurer...................lJ.17yki Date... .11. ZJ Post Code.. Presentation to the District Pollcy Committee I confirm that the annual report and accounts for the year ended 31 August 2024 werelwill. be, presented to the District Policy Committee held on .10 December2025....... Signature of the Chair of the moeting: Name of the .Chair of the meeting: TAM<4*QJ Page 37 THE METHODIST CHURCH YORKSHIRE WEST DISTRICT INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE METHODIST CHURCH YORKSHIRE WEST DISTRICT Opinion We have audited the financial statements of The Methodisl Church Yorkshire Wesl District (the 'Charity') for the year ended 31 August 2024 which comprise the statement of financial activities. the balanc8 sheet, the slalement of cash flows and the notes to the financial 5tatemer7ls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting S18ndards, including Financial Reporting Standard 102 The Financial Reporting Stand8rd appliG8ble in the UK and Republi¢ of Ireland (United Kingdom Generally Accepted A¢￿UntIng Practice}- In our opinlon, the financial statements: give a true and fair view of the stale of the charity's affairs as at 31 August 2024 and of its Incoming resources and application of resources. for the year then ended. have been propedy prepared In accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requ1￿ments of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditoffs responsibilities lor Ihe audit of the financial statements section of our report. We are independent of the Charity in a¢¢ordan¢e with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's.Ethical Standard, and we hav8 fulfilled our other ethical responsibilities in a¢¢ordance with these requirements. We believe thal tho audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the financial slalemenls, we have concluded that the Trustees use of the going concern basls of accounllng n the preparation of the financial statements is appropriate. Bas&d on the work w8 have performed, we have not identified any material uncertalntles relallng to events or conditions that, individually or collectively. may cast significant doubt on the Charity's ability to continue as a going concem for a period of at least Iwelve months from when the financial stat8m6nls are authorfsed for Issue. Our responsibilitl8s and the responsibilities of the Twslees with respect to going concern are described in the relevant sections of thls report. OthgT informatlon The other information comprises the Information included in the annual report other than the financial statements and our auditor's report Ihereon. The Trustees are responsible for the other information contained within Ihe annual report. Our opSnSon On the financial statements does not cover tha other Informallon and, excepl to the extent othemise explicitly stated in our report, we do not exp￿$$ any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledgg obtained in the Course of the audit, or otherwise appears to be materially misslated. If we identify such material inconsistencies or apparenl material misstatements, we are required to determine whelher this gives rise to 8 material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch are Tequired to rgport by gX¢9Ptlon We have nothing lo roport in respo¢t of the following matters in rèlalion to which the Charlties (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the inform8tlon given in the financial statements is inconsistent In any material respect with the TnJstees report., or sufficient accounting records have not been kept., or the financial statements are not in agreement with th8 accounting records.. or we have not received all the information and explanations we requir8 for our audll. THE METHODIST CHURCH YORKSHIRE WEST DISTRICT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE METHODIST CHURCH YORKSHIRE WEST DISTRICT Responsibilltles of Trustees As explained more fully in Ihe statement of Trust68s responslbllllles, the Trustees, who are also th8 directors of th8 Charity for the purpose of company18w, are responsible for the preparation of tho financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Twstees determine is necessary to enable the preparation of flnancial statements that are free from material mlgstatemenl, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability lo continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees eith8r intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltorfs responslbilities for tho audit of the financlal ststements W8 have been appointed as auditor under section 144 of the Charities Act 2011 and r8POrt in accordance with theAct and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a gvaranteo that an audit conducted in accordance with ISAS (UK) wlll always delecl a material mlsslatemenl when il exists. Misstat8menls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economSc decisions of users taken on the basis of thesè financial statements. A fvrther description of our responsibilities Is available on the Financial Reporting Council's website al.. httpsjl www.fr¢.org.uklaudilorsresponsibilities. This descriptlon forms part of our auditorfs report. Extent to which the audit was consldered capabla of detecting Irrogularitlas, Including fraud Irregularities. including fraud. are Inslances of non￿ompliance wilh laws and regulations. We design procedures in 'line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect matefial misstatements in respect of irregularities, includlng fraud, We obtain and update our understandlng of the enltty, it5 activities. its control environment, and likely future developments, Including in relation lo the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding. we identify and assess the risks of material misstatement of the financial statements. whether due lo fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were conlrary to applicable laws and regulations, in¢luding fraud. In response lo the risk of irregularilies and non