Darlington District Accruals Accounts 2020-21
THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for the year ended 31 August 2021
Darlington District District no 13 Registered Charity - Registration number 1133814
District Chairs Synod Secretary
Rev Richard Andrew Mrs P Bissell
Treasurer
Mr J G Monkhouse
Name of District: Darlington No 13
Declarations and Scrutiny
I confirm that these accruals-based accounts for the year to 31 August 2021 have been prepared from the records of the District and that they include all funds under the control of the District Policy Committee.
Signature of Treasurer J G Monkhouse Date 22/10/2021 Name and address of treasurer: John Graham Monkhouse Post Code: TS20 1TQ
Presentation to the District Policy Committee
I confirm that the annual report and accounts for the year ended 31 August 2021 will be presented
to the District Policy Committee at its meeting on 23.02.2022
Signature of the Chair of the meeting …………………....................……………………………………………………
Name of the Chair of the meeting: Rev Richard Andrew Date
Name of District: Darlington No 13
Independent Examiner’s Report to the Trustees of the District, named above
The District’s trustees are responsible for ensuring that the annual report and accounts for the year to 31 August 2021 present a true and fair view of the District’s income and expenditure for the year and of its assets and liabilities at the balance sheet date.
The trustees consider that an audit is not necessary for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
· examine the accounts under section 145 of the Charities Act 2011
· follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011
- state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items, in nature or scale, or disclosures in the accounts, seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a true and fair view. My report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention (other than as disclosed below*)
(1) which gives me reasonable cause to believe that in any material respect the requirem
· to keep accounting records in accordance with section 130 of the Chari
· to prepare accounts which accord with the accounting records and com
the accounting requirements of the Charities Act 2011
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
(3) I have not obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of
£10,000 (ten thousand pounds) at the balance sheet date.
Signature of Independent Examiner……………………………………….......………………………………..
Name of Independent Examiner MR J GRESHAM
Relevant professional qualification of Independent Examiner F.C.C.A. Name of firm (where appropriate) AZETS
Address New Garth House, Upper Garth Gardens, Guisborough Post Code TS14 6HA
Date
trlimtof D15tikl'. p&*i6#w
23 Febnjary 2022
FOR THE YEAR ENDED 31 AUGUST 2021
THE METHODIST CHURCH - DARLINGTON DISTRICT TRUSTEES' ANNUAL REPORT
1 Objectives and Activities
In setting our objectives and planning our activities, the District Synod (under the leadership of the District Trustees) meets twice in each year, has given careful consideration to the Charity Commissioners’ general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing our objectives and conforms to the Charities Act 2011.
Darlington District’s vision is to support and encourage Christian communities to develop in ways that:
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attract people to Jesus Christ;
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reflect God’s presence in the world;
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explore and demonstrate ways to follow Christ;
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and promote God’s rule in contemporary society by the power of the Holy Spirit.
This means that the district will invest its energy in:
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directing churches and circuits in developing the appropriate way forward for each church and circuit in the context of ‘Our Calling’ and ‘Priorities for the Methodist Church’
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developing structures and processes to enable this way forward.
We will underpin everything we do with God centred worship and prayer and seek to develop a high standard of excellence.
2 Achievements and performance
The principal purpose of the District is to act as a supporting body between Circuits and the Connexion. The District does not seek and, in large measure, does not attain direct contact with the public. The direct contact is by Churches and Circuits and it is these that the District supports in their desire to provide benefit to the public.
Under the heading Collaborative arrangements with connected charities (3.3 below) there is information on how we obtained our funds. In this paragraph we show how they were spent. The money collected, or available for dissipation, was used as grants to support Churches and Circuits throughout the District with their work in their local communities and to subsidise the administrative costs of the District. In 2020-21 the District paid grants and made commitments out of the General Fund and the DAF that totalled £190,100 which was more than the sum received from the levies on some of the funds held by Circuits within the District. The shortfall was made up by drawing on District reserves.
The policy of the trustees on grant making is to ensure that all applications can demonstrate public benefit, pass a test of sustainability, show that there is commitment from the applicant organisation (e.g. the District grant is a minor part of the total funding) and show imagination and creativity as well as a perceived need for that for which the grant is being applied.
- Grants for the adaptation of buildings so that they could more easily meet the modern needs of Churches and help Churches provide services to the community e.g. lunch clubs for the elderly and house-bound, activities for the homeless and refugees - Grants which supported part time or full time youth workers attached to Circuits or Local Churches - Grants to support Mission and Ministry
Circuits and Churches that have received grants from the District will show in their own Trustees’ Annual Reports (where these are required to be prepared) details of the outcome of the activities undertaken as a result of receiving the grant.
During the year, work has continued on developing links with the neighbouring Newcastle District. We have been pleased to support two candidates for ministry and one probationer presbyter who serves in the District.
Ministerial Development Reviews have been supported and the leadership and foundation module for creating safer space has been rolled out across the District.
The District also supports three Methodist Primary Schools
THE METHODIST CHURCH - DARLINGTON DISTRICT TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
3 Financial review
3.1 Investment policy and performance
To comply with Methodist Standing Orders, 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 FTSE100 index. The deposit income mirrors the deposit rates available elsewhere. The Darlington District Trustees’ investment policy is aligned with that of the CFB and TMCP because these organisations take into consideration the social, environmental and ethical considerations, 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 good rates of interest.
There are no bench marks for the expected returns or appreciation on investments at TMCP and CFB. It is the District’s policy to manage the cash and investment resources of the District so that a rate of return on investment – both by way of dividend and capital appreciation – is obtained at least as good as market rate considering the District’s low appetite for risk. The total return achieved on the
3.2 Reserves level and policy
Financial Review and Reserves Policy
The unrestricted reserves total £566k of which £275k is the value attributed to the District manse and £93k received in advance for funding the District Officers and the balance of £198k represents the year-end level of uncommitted reserves. The District has a reserves policy covering all its unrestricted funds which is reviewed annually. Although grants are made annually out of the District Advance Fund (DAF), it is recognised that some grants will be paid by annual instalments and that there will be applications repeated in future years. The trustees seek to ensure that there is sufficient in the DAF to meet these anticipated requests and the trustees now recognise future grants as liabilities on the Balance Sheet.
The minimum policy level of the readily available part of the General Fund is such as to pay for six months’ expenses, 10% of the Annual Connexional assessment + £20k. At 31 August 2021 this sum amounted to £120k against actual reserves of £198k as stated above. Actual readily available reserves were thus in excess of policy at the year end by £78k. The trustees are, however, mindful that future income from the Circuit Model Trust Funds (CMTFs) is not secure and it is judged prudent to retain a buffer against this funding volatility besides the quantified need of £120k. Furthermore, some Circuits may find it difficult to meet their future assessments due to the impact of Covid 19. Trustees have take into account this substantial buffer when setting the District’s budget for 2022-23 It is expected that the DAF will decrease, year on year, in the foreseeable future.
The reserves at the end of Aug21 were £565k [ Aug20= £ 4517 k] . The reserves held at the end of Aug 21 can be further split as follows:
| Unrestricted and | Unrestricted funds: Undesignated - General, less property £ 290,846 - District Advance Fund £ 7,352 Designated - Manse Fund £ 8,795 Total Unrestricted funds _£_306,910 Restricted funds: -_Training £ 54,795 - Benevolence £ 594 _Total Restricted funds _£_55,389 undesignated funds _£_178k |
|---|---|
The Trustees have agreed that the uncommitted and readily available reserves may be reduced by £40k over the next 2 years and to do this by reducing the circuits assessments. The Trustees have also agreed that the Training Fund will continue to reduced over the next 5 years by strongly encouraging the provision and taking up of Learning & Development.
The above proposed actions are in line with our Mission objectives.
THE METHODIST CHURCH - DARLINGTON DISTRICT TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
3.3 Collaborative arrangements with connected charities
The District’s main source of funding was the assessments obtained from each Circuit within the District based on the membership and staffing levels of the Circuit and this was used to defray most of the cost of administering the District. This sum amounted to £74,856 (2020: £75,959 ).
The District also obtained from each Circuit with a reserve, known as a Circuit Model Trust Fund (CMTF), a levy based on the size of the Circuits’ CMTFs at the start of the connexional year (01 September). In 2020-21 this sum was £77,161 and 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 received by the District as agent are not recognised as an asset 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.
4 Trustees' responsibilities
For each financial year ending on 31 August the Trustees are required to prepare financial statements that give a true and fair view of the District’s financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the Trustees must:
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select suitable accounting policies and applied them consistently using the accruals method
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make judgements and estimates that are reasonable and prudent
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follow applicable accounting standards
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prepare accounts to comply with the Charities SORP
The 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 hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the District’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
In addition to the above, the Trustees are responsible for the Health & Safety of the Regional Safeguarding Officer, the District Administrator & P.A to the Chair, the Administrator, the Co-ordinator and the young people employed by the District under the One Opportunity North East Scheme.
4.1 Risk
The District is largely risk averse, however in making grants to entities embarking on new and imaginative initiatives, the District is prepared to underwrite considered risks.
Risks are managed by being aware of them, quantifying their impact not only in cost terms but in possible reputational or structural damage, laying them off through an insurer and minimising them by either not taking them or by setting up control systems that report
THE METHODIST CHURCH - DARLINGTON DISTRICT TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
5 Structure, governance and management
The District is an unincorporated association and is 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 Commissioners on 27 January 2010.
5.1 Structure
Circuits are the coordinating 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 are made at or ratified by the half yearly Circuit Meeting. A District is the coordinating 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 governing body for all Methodist Churches .
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Overall regulatory authority rests with the Methodist Conference.
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The Conference Office implements decisions made by Conference.
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Conference decisions are passed to the Chair of the District and the appropriate officers of the District for implementation. 4. The District passes control to Circuit level for local implementation by the Superintendent Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meeting for certain matters.
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The Circuit Meeting passes regulatory control 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 District is an expression, over a wider geographical area than any Circuit, of the Connexional character of the Church.
The purposes of the Methodist Church are and shall be deemed to have been since the date of the union the advancement of:
a. the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and b. any charitable purposes for the time being of any connexional, District, Circuit, local or other organisation of the Methodist Church, and
c. any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and d. any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church.
The primary purpose of this District is to advance the mission of the Church in Darlington District by
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providing opportunities for Circuits to work together and support each other
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offering to Circuits resources of finance, personnel and expertise.
The District serves the Local Churches and Circuits and the Conference in the support, deployment and oversight of the various ministries
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 Office at 25 Marylebone Road, London NW1 5JR 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. The Chair of District, The Synod Secretary, and members of the Darlington Vision and Strategy team (DVST) are ex officio members of the DPC . When a position becomes vacant on the District Policy Committee, nominations are sought from the appropriate circuits within the District. Their names are taken to the District Synod for appointment. Members may be either ministers or lay people attending Churches in the area covered by the District.
The District Policy Committee normally meets three times per year and deals with routine and exceptional matters. It oversees the work of the Synod Co-ordinating Group for Chinese Mission, Grants Committee, Manses Committee, Methodist Women in Britain (Darlington), Local Preachers Committee, District Vision and Strategy Team, Children & Young Persons Group.
THE METHODIST CHURCH - DARLINGTON DISTRICT TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
5.4 Responsibility of the District Policy Committee
i 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 ii to encourage inter-Circuit and ecumenical co-operation
iii to act in an executive capacity in matters remitted to the Committee by the Synod
iv to keep within its purview all District concerns not dealt with elsewhere
v to contribute and respond, as the case may be, 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
vi to be aware that the stipend of the Chair of the District is set – currently by reference to the change over a year in the Consumer Price Index and to the annual change in the Average Weekly Earnings Index – using a formula that was agreed by the Methodist Conference for all ministers within the Connexion
vii constantly to be aware of the public benefit guidance issued by the Charity Commission
6 Reference and Administrative Details
6.1 Name of the charity
Darlington Methodist District
6.2 Charity registration number
1133814
6.3 Principal Office
2 Edinburgh Drive Darlington DL3 8AW
6.4 Chair of the District
Revd Richard Andrew
6.5 Secretary of the Synod
Mrs Penny Bissell
6.6 Secretary of the Synod (Presbyteral)
Revd Susan Richardson
6.7 District Treasurer
Mr John Monkhouse
THE METHODIST CHURCH - DARLINGTON DISTRICT TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
6.8 Names of trustees
The following served as trustees throughout part or all of the year 2019-20 or were trustees at the time of this report being approved: Rev Richard Andrew- Chair of District Rev Tim Boocock - Darlington and Barnard Castle and Teesdale Circuit. Mrs Hazel Neasham - Darlington and Barnard Castle and Teesdale Circuit. Rev Charity Hamilton- Middlesbrough & Eston Circuit Mrs Margaret Walton - Stockton Circuit Rev Beverly Hollings (Deputy Chair of District), - Castle Eden Circuit Mr John Kidd - Castle Eden Circuit Rev Andrew Robinson - Stokesley Circuit Rev John Henry - Cleveland & Danby Circuit Mr Colin Crossman- Cleveland and Danby Circuit Mr Mark Braithwaite (Methodist Council Rep) Rev John Squares - (Deputy Chair of District), Durham & Deerness Circuit Rev David Payne - Bishop Auckland and Shildon Circuit Rev Melanie Reed - North Yorkshire Dales Circuit Mrs Penny Bissell - Synod Secretary, (appointed 01.09.19) Mrs Sue Smith - Secretary DPC Mr Ron Kirk - Finance Team Mr John Monkhouse- District Treasurer Mr Bill Offler - District Ecumenical Officer Mr Maurice Aspey - District Resourcing Mission Officer Mr Mark Bagnall - Co-ordinator of Ministries and Mission.
6.9 District Administrator & P.A. to District Chair
Miss Keira Prior
6.10 Bankers
HSBC, Richmond, North Yorkshire, DL10 4QQ. Central Finance Board of the Methodist Church
9 Bonhill Street, London, EC2A 4PE
6.11 Investment managers and custodian trustees
Trustees for Methodist Church Purposes, Central Buildings, Oldham Street, Manchester, M1 1JQ
6.12 Independent Examiner
Mr J Gresham of AZETS
New Garth House, Upper Garth Gardens, Guisborough. TS14 6HA
Approvals:
District Chair Date 23/02/2022 District Treasurer Date 23/02/2022
Darlington District
District No 13
Statement of Financial Activities (SOFA) for the year ended 31 August 2020
| Notes to the accounts Income from 1 Donations and legacies 2 Connexional Advance & Property Fund 3 Income from investments Income from charitable activities 4 Assessments on circuits 2 5 From Circuit Model Trust Funds 6 Contribution to the cost of the Chair 3 7 Other charitable activities 8 Income from other trading activities 9 Other income 4 Total income Expenditure 9 Grants, commitments and donations 5 10 Salaries and associated costs 6 11 Cost of the Chair 3 12 Property Maintenance 7 13 Office expenses 8 14 Synods, committees, Conference 9 15 Training 16 Professional fees 10 17 Other outgoings 10 Total expenditure Net income/(expenditure) before gains and losses on investments 18 Net gains/(losses) on investments 11 Net income/(expenditure) 19 Transfers between funds 12 20 Other gains/(losses) Net movement in funds Total funds brought forward 19,20 Total funds carried forward 19,20 |
General Fund (Unrestricted) District Advance Fund (Unrestricted) Designated Funds (unrestricted) Restricted Funds Endowment Funds Total 2019-20 £ £ £ £ £ - - - - - - - 62,454 - - - 62,454 1,454 3,310 21 1,487 - 6,272 75,959 - - - - 75,959 - 77,792 - - - 77,792 40,825 - - - - 40,825 - - - - - - - - - - - - 70,990 - - - - 70,990 |
|---|---|
| 189,228 143,556 21 1,487 - 334,292 |
|
| 7,660 92,650 - - - 100,310 110,817 - - - - 110,817 45,103 - - - - 45,103 9,064 - - - - 9,064 4,410 687 - 104 - 5,201 1,701 - - - - 1,701 4,155 - - - - 4,155 1,440 - - - - 1,440 2,105 - - 10,593 - 12,698 |
|
| 186,455 93,337 - 10,697 - 290,489 |
|
| 2,773 50,219 21 (9,210) - 43,803 - - - (3,949) - (3,949) |
|
| 2,773 50,219 21 (13,159) - 39,854 40,002 - 6,000 (46,002) - - - - - - - - |
|
| 42,775 50,219 6,021 (59,161) - 39,854 |
|
| 474,196 4,334 2,762 103,671 - 584,963 516,971 54,553 8,783 44,510 - 624,817 |
| Darlington District | District No | 13 | ||||||
| Statement of Financial Activities(SOFA) for theyear ended 31 August 2021 | ||||||||
| Notes to the accounts |
General Fund (Unrestricted) |
District Advance Fund (Unrestricted) |
Designated Funds (unrestricted) |
Restricted Funds |
Endowment Funds | Total 2020- 21 |
Total 2019-20 |
|
| £ | £ | £ | £ | £ | £ | |||
| Income from | ||||||||
| 1 Donations and legacies | - - - - - - - 59,572 - - - 59,572 341 1,269 12 1,013 - 2,635 |
- | ||||||
| 2 Connexional Advance & PropertyFund | 62,454 | |||||||
| 3 Income from investments | 6,272 | |||||||
| Income from charitable activities | ||||||||
| 4 Assessments on circuits | 2 | 74,856 - - - - 74,856 - 77,161 - - - 77,161 42,151 - - - - 42,151 - - - - - - - - - - - - 95,248 - - - - 95,248 |
75,959 | |||||
| 5 From Circuit Model Trust Funds | 77,792 | |||||||
| 6 Contribution to the cost of the Chair | 3 | 40,825 | ||||||
| 7 Other charitable activities | - | |||||||
| 8 Income from other tradingactivities | - | |||||||
| 9 Other income | 4 | 70,990 | ||||||
| Total income | 212,596 | 138,002 | 12 | 1,013 | - | 351,623 | 334,292 | |
| Expenditure | ||||||||
| 9 Grants,commitments and donations | 5 | 5,600 184,500 - - - 190,100 97,539 - - - - 97,539 43,790 - - - - 43,790 9,860 - - - - 9,860 3,751 703 - 88 - 4,542 661 - - - - 661 890 - - - - 890 1,500 - - - - 1,500 213 - - - - 213 |
100,310 | |||||
| 10 Salaries and associated costs | 6 | 110,817 | ||||||
| 11 Cost of the Chair | 3 | 45,103 | ||||||
| 12 PropertyMaintenance | 7 | 9,064 | ||||||
| 13 Office expenses | 8 | 5,201 | ||||||
| 14 Synods,committees,Conference | 9 | 1,701 | ||||||
| 15 Training | 4,155 | |||||||
| 16 Professional fees | 10 | 1,440 | ||||||
| 17 Other outgoings | 10 | 12,698 | ||||||
| Total expenditure | 163,804 | 185,203 | - | 88 | - | 349,095 | 290,489 | |
| Net income/(expenditure) before | ||||||||
| gains and losses on investments | 48,792 | (47,201) | 12 | 925 | - | 2,528 | 43,803 | |
| 18 Netgains/(losses)on investments | 11 | - - - 9,954 - 9,954 |
(3,949) | |||||
| Net income/(expenditure) | 48,792 | (47,201) | 12 | 10,879 | - | 12,482 | 39,854 | |
| 19 Transfers between funds | 12 | - - - - - - - - - - - |
- | |||||
| 20 Othergains/(losses) | - | |||||||
| Net movement in funds | 48,792 | (47,201) | 12 | 10,879 | - | 12,482 | 39,854 | |
| Total funds brought forward | 19,20 | 516,971 54,553 8,783 44,510 - 624,817 |
584,963 | |||||
| Total funds carried forward | 19,20 | 565,763 7,352 8,795 55,389 - |
637,299 | 624,817 |
| Name of District | Darlington | District No | 13 | ||||||
| Balance Sheet as at 31 August 2021 | |||||||||
| Notes to the accounts |
General Fund (Unrestricted) |
District Advance Fund (Unrestricted) |
Designated Funds (Unrestricted) |
Restricted Funds |
Endowment Funds |
Totals 2020/21 | Totals 2019/20 | ||
| £ | £ | £ | £ | £ | £ | £ | |||
| Fixed Assets | |||||||||
| Tangible fixed assets | 13 | 275,000 | - | - | - | - | 275,000 | 275,000 | |
| Investmentproperties | - | - | - | - | - | - | - | ||
| Investments | - | - | - | - | - | - | - | ||
| Totalfixed assets | 275,000 | - | - | - | - | 275,000 | 275,000 | ||
| Current Assets | |||||||||
| Debtors | 14 | - | - | - | - | - | - | 3,000 | |
| Loans bythe District | - | - | - | - | - | - | - | ||
| Investments with TMCP | - | 314,079 | - | 54,795 | - | 368,874 | 395,652 | ||
| Central Finance Board Deposits | 285,161 | - | 8,795 | 594 | - | 294,550 | 251,215 | ||
| Cash at Bank and in hand | 7,185 | - | - | - | - | 7,185 | 4,597 | ||
| Total current assets | 292,346 | 314,079 | 8,795 | 55,389 | - | 670,609 | 654,464 | ||
| Current liabilities | |||||||||
| Creditors(due in under 1year) | 17 | 1,500 | - | - | - | - | 1,500 | 5,000 | |
| Grantspayable in 2021-22 | 18 | - | 191,977 | - | - | - | 191,977 | 147,500 | |
| Total current liabilities | 1,500 | 191,977 | - | - | - | 193,477 | 152,500 | ||
| Net current assets/liabilities | 290,846 | 122,102 | 8,795 | 55,389 | - | 477,132 | 501,964 | ||
| Total assets less current liabilities | 565,846 | 122,102 | 8,795 | 55,389 | - | 752,132 | 776,964 | ||
| Long term liabilities (due after more than oneyear) |
|||||||||
| Grantspayable after 2020-21 | 18 | - | 114,750 | - | - | - | 114,750 | 192,001 | |
| Loans to the District | - | - | - | - | - | - | - | ||
| - | |||||||||
| Net assets | 565,846 | 7,352 | 8,795 | 55,389 | - | 637,382 | 584,963 | ||
| Funds of the District | |||||||||
| General Fund(Unrestricted) | 19 | 565,846 | - | - | - | - | 565,846 | 474,196 | |
| District Advance Fund(Unrestricted) | - | 7,352 | - | - | - | 7,352 | 4,334 | ||
| Designated Funds(Unrestricted) | 19 | - | - | 8,795 | - | - | 8,795 | 2,762 | |
| Total Unrestricted Funds | 565,846 | 7,352 | 8,795 | - | - | 581,993 | 481,292 | ||
| Restricted Funds | 20 | - | - | - | 55,389 | - | 55,389 | 103,671 | |
| Endowment Funds | - | - | - | - | - | - | |||
| Total Funds | 565,846 | 7,352 | 8,795 | 55,389 | - | 637,382 | 584,963 | ||
| Signed | |||||||||
| J G Monkhouse | |||||||||
| 21/10/2021 | |||||||||
| District Treasurer |
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting framework and accounting policies i Accounting framework The financial statements have been prepared under the Charities Act 2011 and in accordance withFRS102 “The Financial Reporting Standard applicable in the UK and Ireland’ (“FRS102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for Charities applying FRS102 and UK Generally Accepted Accounting Practice as it applies from 1st January 2015. ii Public benefit entity The Darlington District meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) below. iii Basis These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the District’s financial position and activities. iv Content The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £ Sterling, rounded to the nearest pound. v Going concern Based on the monetary assets and human resources available at 31 August 2020, the trustees believe that the District is a going concern. vi Consolidation The District oversees the work of ministers and lay workers in Churches and Circuits within the District but does not have control over those Circuits or Churches, ministers or lay workers except in extreme circumstances, none of which were applicable. For this reason, the financial statements of the Churches and Circuits within the District are not consolidated into these financial statements. vii Income recognition
Income is brought into account when it is more likely than not that the economic benefit of the income will accrue to the Darlington District. No attempt 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 3. A similar figure appears in the Expenditure at Note 6. Individual amounts categorised as Other income in the SOFA will be shown separately if they are considered material. The District acts as agent in four matters: 1. the collection of quarterly assessments from circuits which are paid to the Methodist Church Fund 2. the payment of expenses of delegates from the District to the Methodist Conference 3. the collection taken at the autumn and spring synod on behalf of the Methodist Minsters’ Children’s Relief Fund 4. the cost of ministerial health checks recovered from Circuits In all these matters the transactions are not reflected in the SOFA because there is no obligation on the District to make up any shortfall in assessments from Circuits. Sums received as Circuit assessments cannot be recognised as income in the District as they are the income of the MCF. In accordance with the Charities SORP (FRSSE), the time of volunteers is not recognised.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
viii Expenditure
This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the District to pay out resources.
ix 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 that such payment is probable. x VAT Since the District is not VAT registered, all input VAT is charged with the expenses to which it refers.
x VAT
xi Tangible fixed assets
These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2015 deemed values , of which the land component is deemed to be £70,000. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment.
xii Investments
The investments of the Darlington District are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown in the SOFA and in Note 11 below. xiii Debtors and creditors; bank and cash Debtors are stated at the amounts owed to the District or prepaid. Creditors are initially recognised at 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 other consideration expected to be paid. The liquid funds of bank balances and deposit account balances are shown at the realisable values.
xiv Loans
Where concessionary loans ( i.e., free of interest) are made to (or received by) the District to further its charitable purposes, and are repayable after more than one year, they are initially recognised at the amount paid [or received], with the carrying value adjusted in subsequent years to reflect repayments and any accrued interest, adjusted for any impairment, if necessary. Where there is objective evidence of impairment, an immediate impairment loss is recognised in the Statement of Financial Activities. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in the Statement of Financial Activities.
xv Methodist Church Fund
The District acts as agent for the Methodist Church Fund (MCF) by collecting its assessments on Circuits and does not, therefore, include the assessments in the SOFA. If a Circuit is late in paying its MCF assessment to the District but such sum is received before the quarterly transfer to the MCF, the amount paid late will be shown as a debtor in the District’s accounts.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
xvi Ministers' manse costs
The District is required to provide accommodation for each Minister 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 as benefits-in-kind for Ministers as HMRC does not seek to tax these receipts in the hands of the Ministers.
2 Assessment on Circuits
All Circuits (see list given below in this note) paid their assessments to the District and to the MCF during the year or shortly after it's end. An assessment on Circuits is annually determined by Districts by reference to the number of staff in the Circuits and the number of Church members but may also take into account a Circuit's ability to pay.
The District is made up of the following Circuits:
Circuit No Circuit Name 1 Darlington, Barnard Castle and Teesdale 2 Middlesbrough & Eston 3 Stockton 4 Castle Eden 5 Stokesley 7 Cleveland & Danby 10 Bishop Auckland & Shildon 11 Durham & Deerness Valley 12 West Durham 19 North Yorkshire Dales
Contribution to Methodist Church Fund (MCF)
In addition to the assessments on the Circuits £74,856 (2020 - £75,959) to help defray the costs of running the District, the District acted as agent for the Methodist Church Fund which levied assessments on the Circuits in this District totalling £360,312 (2020 - £368,085) all of which were collected or shown as debtors at the end of the year and paid over to the MCF in the year. No balance was held at the end of the year; no fee is received for this service which is performed at nearly nil cost to the District. These sums collected for and remitted to the MCF do not appear elsewhere in these financial statements.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
3 Cost of Chair and trustees
The Chair of District chairs meetings of the District Policy Committee (DPC). 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 Methodist Connexion. The Chair’s other costs are met mostly by the District.
| Chair's expenses Cash cost paid by the Connexion (see, SOFA, item 6) Employer's pension contribution to the defined benefit scheme Employer's National Insurance Contribution Stipend to Chair Total cost |
2020-21 | 2019-20 |
|---|---|---|
| £ 32,074 3,211 6,866 |
£ 31,065 3,075 6,685 |
|
| 42151 1,639 |
40825 4,278 |
|
| 43790 | 45103 |
Since the stipend-related costs above £42,151 (2020 - £40,825 ) are borne by the Connexion, they appear both in the Income of the District and the Expenditure of the District (See Note 6). It should be noted that the chair is required to occupy the District manse. The manse is provided by the Darlington District and the District maintains the property. The sum of £750 per calendar month (2020 - £750) per calendar month) was determined by enquiry of local letting agents and does not appear elsewhere in these accounts. The Chair of District is the sole paid key management person but is supported by members of the DPC.
No accrual is made for the Chair’s entitlement to a sabbatical as his / her functions are undertaken by a Deputy Chair at minimal extra cost to the District.
Payment to Trustees
It is District policy to offer to reimburse members of the District Policy Committee and others involved in the administration of District affairs for expenditure properly incurred in carrying out their duties. The Chair of the District undertakes the primary executive role within the District. Apart from the Chair of District and The District Administrator and P.A. to the Chair no member of the District Policy Committee was in receipt of any payment for work undertaken on behalf of the District, although certain travelling and administration costs were reimbursed whenever this was requested.
None of the trustees receives any remuneration in their role as Trustees.
4 Other income
| Other income | ||
|---|---|---|
| Grant for provision of District Enabler Grant for One Opportunities RSO, grant and contribution from Newcastle District |
2020-21 | 2019-20 |
| £ | £ | |
| 24,000 36,248 9,000 6,000 20,000 |
43,000 5,500 18,911 3,579 |
|
| Grant for District Resourcing Mission Officer | ||
| Grant for Children, Families & Young People Development Worker Grant for NewPlaces, New People Sundries Total |
||
| 95,248 | 70,990 |
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
5 Grants, donations and related Support costs
| Unrestricted: Total - From General Fund - From DAF |
2020-21 | 2019-20 |
|---|---|---|
| £ 5,600 184,500 |
£ 7,660 92,650 |
|
| 190,100 | 100,310 |
Expenditure on charitable activities through the District Advance Fund
This fund receives formulaically determined contributions from the Circuit Model Trust Funds held by Circuits within the District and redistributes the monies to grantees in the District through relevant grants as assessed by the District Grants Committee. During the year the following grants commitments/paid were made:
| Expenditure on charitable activities through the District Advance Fund | Expenditure on charitable activities through the District Advance Fund | Expenditure on charitable activities through the District Advance Fund | Expenditure on charitable activities through the District Advance Fund | Expenditure on charitable activities through the District Advance Fund |
|---|---|---|---|---|
| This fund receives formulaically determined contributions from the Circuit Model Trust Funds held by Circuits within the District and redistributes the monies to grantees in the District through relevant grants as assessed by the District Grants Committee. During the year the following grants commitments/paid were made: |
||||
| Given to | Amount in £ | Analysis of amounts given by type of work |
Amount in £ | |
| Churches Circuits Darlington District Total |
26,774 82,326 81,000 |
Projects Ministry |
109,100 81,000 |
|
| 190,100 | 190,100 |
The income of the fund was £138,002 during the year.
The Grants Committee is aware that grant applications must demonstrate public benefit.
The support costs for grant-funding to third parties are insignificant (principally because the secretary of the Grants Committee is a volunteer and undertakes the vast majority of this work) and are not separately disclosed.
6 Salaries and associated costs
Gross salaries paid to 15 part time (2019 :14) employees were as follows:
| Total weeklycontractual hours of 5 Staff members Gross pay Employer's National Insurance contribution Employer's pension contribution to defined contribution scheme Employees expenses Total cost for 5 staff members Cost of Chair (see Note 3) Paid to trustee in his role as District Resourcing Mission Officer Total staff costs (notes 6) |
2020-21 | 2019-20 |
|---|---|---|
| £ 78,438 5,776 4,258 2,670 |
£ 80,152 4,606 3,717 12,485 |
|
| 91,142 6,397 |
100,960 9,857 |
|
| 97,539 | 110,817 | |
| 43,790 106 |
44,278 128 |
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
No employees received employee benefits that totalled more than £60,000. There is no accrual for holiday pay as it is immaterial; the holiday year ends on 31 August. All staff are paid at or above the living wage.
Whilst the total salary and expenses cost paid by the District was £91,142 Newcastle District of The Methodist Church contributed 50% (£17,249) towards the cost of the employee engaged exclusively in safeguarding matters and a part time safeguarding administrator.
In addition one of the trustees, Mr M Aspey, is paid a consultancy fee and expenses as above for his role as District
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
Pensions
Most ordained presbyters and deacons are members of the Methodist Ministers’ Pension Scheme (MMPS). This is a defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deacons) 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 the Methodist Church (PASLEMC), The Pensions Trust or some other arrangement. PASLEMC is a defined benefit scheme and the employing Churches and Circuits contribute as employers to this scheme.
The Pensions Trust is a defined contribution scheme with employer's contributions being 6% of gross salary.
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 deficits on these schemes can be found in the Annual Report and Accounts of The Methodist Church at www.methodist.org.uk .
7 Property costs
| Property costs | ||
|---|---|---|
| District office, rent and services Chair's manse which include some renovations costs Total costs |
2020-21 | 2019-20 |
| £ 3,088 6,772 |
£ 5,154 3,910 |
|
| 9,860 | 9,064 |
8 Office expenses (General fund)
Printing, postage and stationery etc. Total charged to General Fund TMCP charges Total Other |
2020-21 | 2019-20 |
|---|---|---|
| £ 2,880 - |
£ 4,410 - |
|
| 2,880 1,662 |
4,410 791 |
|
| 4,542 | 5,201 |
None of the remaining individual amounts (aggregated as 'Other' above) is considered material and none is listed separately
9 Synods, Committees, Conference
| Conference Committees Total costs Synods Chair's travel ( see note 3 for 2018-9) |
2020-21 | 2019-20 |
|---|---|---|
| £ 661 - - - |
£ 1,701 - - - |
|
| 661 | 1,701 |
None of the remaining individual amounts (aggregated as 'Other' above) is considered material and none is listed separately.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
10 Other outgoings
| Surplus of 'One Opps NE' scheme returned to Newcastle District Total other costs Professional fees Recruitment costs for District Enabler Retreats |
2020-21 | 2019-20 |
|---|---|---|
| £ 1,500 - 213 - |
£ 1,440 - 2,105 10,593 |
|
| 1,713 | 14,138 |
None of the remaining individual amounts (aggregated as 'Sundry outgoings' above) is considered material and none is listed separately.
11 Investment management
During the year the District paid £791 to TMCP, the custodians of the District’s investments (District Advance Fund and Darlington Training and Bursary Trust (2020 - £916). The sum of £791 was levied at 0.2% on the value of the funds at the end of the year and is shown as allocated to the two groups of funds: £703 and £88 at line 13 in the SOFA. See Note 8 above for TMCP charges.
None of the remaining individual amounts – aggregated as ‘Other’ above - is considered material and none is listed separately.
The sum of £9954 represents an unrealised gain (2020 - £3949) in the invested funds of the Training Fund. More Investment management information can be found in Note 20, Restricted Funds.
12 Transfer between funds
Transfers between funds are to reimburse funds for expenditure incurred and to transfer income received on behalf of other funds.
13 Manse and other property
The value of the District manse in Darlington is believed to be considerably greater than its historical cost in 2006 shown in the accounts. There is no depreciation on the manse as the impairment review at the end of the year confirmed that the current residual market value of the building was greater than the carrying value of that part of the asset’s cost to date.
| Manse and other property | Manse and other property | Manse and other property |
|---|---|---|
| The value of the District manse in Darlington is believed to be considerably greater than its historical cost in 2006 shown in the accounts. There is no depreciation on the manse as the impairment review at the end of the year confirmed that the current residual market value of the building was greater than the carrying value of that part of the asset’s cost to date. |
||
| Land Buildings |
Total | |
| Cost or valuation | ||
| Cost bf at 01/09/2020 | 70,000 205,000 |
275,000 |
| Additions in the year | - - |
- |
| Revaluations in the year | - - |
- |
| Less: Disposals in the year | - - |
- |
| Transfers between categories | - - |
- |
| Cost cf at 31.8.2021 | 70,000 205,000 |
275,000 |
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
14 Debtors and prepayments
Debtors were made up as follows:
| Total Prepayments and accrued income (3 Gen fees paid in advance) Other debtors Trade debtors |
2020-21 | 2019-20 |
|---|---|---|
| £ - - - |
£ - 1,800 - |
|
| - | 1,800 |
15 Trustees for Methodist Church Purposes (TMCP)
The funds that support the District Advance Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments.
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 to 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.
16 Central Finance Board (CFB) and cash at bank
The District has 2 current accounts at HSBC plc, an authorised institution. The sums held on those accounts are immediately available. In addition the District has 3 deposit accounts at CFB. Interest is earned on these accounts and credited monthly; the sums deposited can be withdrawn without notice and without loss of interest. These sums are viewed as being liquid.
17 Creditors and accrued expenses
| Total of creditors and accrued expenses Creditors: Independent examinations, including VAT Total creditors Accruals: Expenses Total accruals |
2020-21 | 2019-20 |
|---|---|---|
| £ 1,500 |
£ 1,380 |
|
| 1,500 | 1,380 | |
| - | 420 | |
| - | 420 | |
| 1,500 | 1,800 |
It is expected that all sums accrued at 31 Aug 2020 would be paid during the year to 31 Aug 2021.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
18 Grant commitments and the District Advance Fund
It is the District’s policy to recognise committed grants immediately as expenditure out of this fund and thus accrue the unpaid amounts at the year-end as liabilities.
| End of year commitments to pay one-off grants or the first instalment in a future year Anticipated second or subsequent instalments where the first instalment was paid in 2019-20 or earlier Total anticipated commitment at 31 August 2021 Grants payable by future year as at 1 September 2021: 2020-21 (current liability) 2021-22 (long term liability) 2022-onwards (long term liability) Total anticipated commitment at 31 August 2021 |
2020-21 98,250 16,500 |
£ 132,500 174,227 306,727 191,977 114,750 306,727 |
|---|---|---|
This total of anticipated grants of £297,001 was within the balance of £351,554 in the DAF as at 1 September 2020. In the following year and subsequent years, further sums were and are expected to be credited to the DAF from the CMTF levies of those years.
The award of a grant by the District does not create a contractual relationship but does create an operational liability if not made subject to performance conditions creating uncertainty as to the probability of future years’ grant instalments being paid. It is now judged that such future instalments of grant will probably be paid and so the amounts due are no longer classified as Designated Reserves but instead are recognised as expenditure of the year when awarded.
No institution received grants of such materiality that they should be separately disclosed in these accounts.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
19 Unrestricted Funds
19.1 General Fund
Balance of £565,846 at 31 Aug 2021 (2020 - £516,971)
The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general objectives of the District and which have not been designated for other purposes. About 49% of this fund is held as a freehold property, the District manse for the Chair of District. During the year £5,600 was paid out as grants and donations from the General Fund.
19.2 Other Designated Funds
Balance of £8795 at 31 Aug 2021 (2020 - £8783)
This fund is to serve a specific purposes but is not restricted by any document or deed to that purpose alone. These funds comprise:
The Manse Fund – balance £8795 (2020 - £8783) is available to meet maintenance in the accommodation at the District
20 Restricted Funds
Balance of £55389 at 31 Aug 2021 (2020 - £44510)
The Training Fund – balance £54795 (2020 - £43917) meet the training costs of Ministers and lay people in the district.
The Benevolence Fund - balance £594 (2020 - £593) provides financial support to ministers and lay people in the District in need of support.
The market valuations for the Training & Bursary Trust (known as the Training Fund) have been provided by TMCP. The funds of the Benevolence Fund are held on deposit at CFB.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
21 Summary of movements on significant individual funds
| ~~Year ended 31st August~~ ~~2021~~ |
|
| Unrestricted Funds General fund Designated funds District Advance Fund Other designated funds Manse Maintenance Total unrestricted funds Restricted Funds Training Benevolence Fund Total restricted funds Total Funds |
At 1st September Gains on inv At 31st August 2020 Income Expenditure Transfers assets 2021 £ £ £ £ £ £ 516,971 203,246 (154,371) - 565,846 54,553 138,002 (185,203) - - 7,352 8,783 12 - - 8,795 |
| 580,307 341,260(339,574) - - 581,993 | |
| 43,916 1,013 (88) 9,954 54,795 594 - - - - 594 |
|
| 44,510 1,013(88) - 9,954 55,389 | |
| 624,817 342,273 (339,662) - 9,954 637,382 | |
| ~~Year ended 31st August~~ ~~2020~~ |
|
| Unrestricted Funds General fund Designated funds District Advance Fund Other designated funds Manse Maintenance Total unrestricted funds Restricted Funds Training One Opportunity Fund Benevolence Fund Total restricted funds Total Funds |
At 1st September Gains on inv At 31st August 2019 Income Expenditure Transfers assets 2020 £ £ £ £ £ £ 474,196 189,228 (186,455) 40,002 - 516,971 - - 4,334 143,556 (93,337) - - 54,553 - - 2,762 21 - 6,000 - 8,783 |
| 481,292 332,805(279,792) 46,002 - 580,307 | |
| 51,817 1,152 (104) (5,000) (3,949) 43,916 51,265 330 (10,593) (41,002) - - 589 5 - - - 594 |
|
| 103,671 1,487(10,697) (46,002) (3,949) 44,510 | |
| 584,963 334,292 (290,489) - (3,949) 624,817 |
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
22 Analysis of net assets amongst funds
Fund balances at 31 August 2021 are represented by:
| Total Tangible fixed assets Current assets Current liabilities Payables due after one year |
Unrestricted - general | Restricted including | Total funds |
|---|---|---|---|
| £ 275,000 615,220 (193,477) (114,750) |
£ - 55,389 - - |
£ 275,000 670,609 (193,477) (114,750) - |
|
| 581,993 | 55,389 | 637,382 |
23 Connected organisations and related parties
All of the District trustees are members of one or another Church and Circuit within the District and may be trustees in their Churches and/or Circuits.
Connected organisations include the Methodist Connexion, Circuits and Churches within the District, other Methodist Districts in Great Britain, the Methodist Ministers’ Children’s Relief Association, CFB and TMCP, except as reported in Note 3. All of these entities have their own trustees or directors and autonomous administration such that Darlington District has no significant influence over any of them, nor they over the Darlington District. They are, therefore, not considered related parties.
| Donor / Donee: Churches within the Darlington District (grants) Name of Connected Organisations Donee: Methodist Church Fund Doner: Circuits within the Darlington District (assessments on Circuits) Donor / Donee: Circuits within the Darlington District (levies / grants) |
Receipts | Payments | Adjustments |
|---|---|---|---|
| £ 59,572 435,186 77,161 - |
£ 368,085 82,326 81,000 26,774 |
£ - - - |
There were no related party transactions other than those already disclosed under notes 3 and 6.
24 Volunteer contributions
Every entity (Connexion, District, Circuit, Church) within the Methodist Church in GB is heavily reliant on volunteers who contribute their skills, time and money in the furtherance of the work of the Church. Principally this contribution is by serving on committees of the District that deal with mission, manses, finance, policy, grants, training, development. We are grateful to all of them for their help and commitment.
25 Capital commitments and contingent liabilities
There were no capital commitments or contingent liabilities at the year end (2019 - nil).
26 Lease commitments
Not Applicable
27 Auditor / Independent examiner
An accrual has been made for the fee of the independent examiner in the sum of £1,500 for the year (2020 - £1380). The independent examiner provided no additional services during the year.
THE METHODIST CHURCH - DARLINGTON DISTRICT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
28 Prior Year Adjustment
There were no prior year adjustments.