2022-08-31-accounts - Sheffield Methodist Circuit

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Contents			Pages
Trustees'	Report
IndependentAuditors'		Report	10-12
Statement	of Financial Activities		13
Balance Sheet
Statement	ofCash Flows		15
Notes on	Accounts		16-23
Appendix			24-26

Sh•ffield MothodFAt Clrcult Ind•p•nd•nt AudltoV• R•port to tho Tru•t•M of 8hoffl•ld M•thodl•t Clrcult A11 wocadures kned by Iho gagnent team Indud8d: Dlscusstons wtth marAg8ment?ntl thom respons11e1è9al compll8n¥ wocedures thln th8 drIty Ic obtaln an understanding of U)e leg81 and r•tyat0ry fraMOrk oppll(able to the Gharmy and h(Mi th (tharity tx)mplle8 wlth Ih8t framowork. Indudiw con8kleratlon of known or Su4ed Insl#nary8 of nonkn vAth lawm 91 re9ulgtK>nJ ond frwd: RlewIng mlnules of Tru#ts• mgotlnp,. Identmyino and BIl tho d8819n effectlYene8s of contrd& thot menogèm•nl has In plxo kn provent aNI datect frwd ond nonpfA)mpllance wlth arKI regulaon8. Challenglng assumpdoro Sudgemgnl# made by managemanl In thotr Wiin¢8nt •c¢ounll e6tlmatas. ktentlfylng #nd taBUng journal •ntrleg, In pdoJlar any JoumAI On08 KX)Btod urwjau account eamblnotlonj or p0618d by 8enbr management. There are Inhernnt IlmllAloM kn th audli proc•Arn deleA above 8nd tho more remo4Yd nOrrmlInca IM ond rBguletbnB18 from the ewits and tran8Bcllon8 re¢L¢d in the Iln8nel81 slatemenls. tho lels Ilkgly vrn are to be(xJme awam of tt. A180. the rtsk of not deiectlng a mats81 mh61atoment due to fra1 M hlghw than the rhk of not dete¢ting one rY8ultlw frnm error, as fmd rngy tnvolve dellbwoie c4nc4alMt by. f<Y wmpl&, forgwy or Irtsntlmal mlBrnwoBontatlO, or throuth ODIIu810n. A furthw de8cripllon ol Our rnJponthlllUa8 IB avallable on tho Roportkw cour,$ w¢b¥lte at wwW.fr¢,orp.uklaudlt(w•laudli-aB8urnn¢aUd1tar+r•pQn&IbII@840r4h84ult-0f-lhwd6sU1PUQTr0T4h gLKltto¢i-r8spon61blliUa84or. ThL8 dpOn lorm8 Wt of our auditofa rewL UM of our r•port Thls report Is made 8Dl8ty to the chgrlllB tru8tee8. a8 a bo(ly. In do¥Ien wlth Psrt 4 of the CharWe8 (Accounts and Rewts} R8wlatlon8 2008. Our audll Mjrk ha8 tygen urKlertaken 80 that wo MW •tstg to the ¢hartly'8 IN8te88 those mattors wa oro Mjulred to Stats lo them In 8n audltoV¥ roport and for rK) other puw. To Iho lullejtextent P8rfflltted by Lqw, VM do Mtacrnpt or lurne re6ponBibNtyto alln0 otherthon th8 thority •¥J the charflV8 truBte85 a8 8 body. ftjr wr 8udtt for thlg reporL or lar the OnIonS fonned. Haw80ns Chartffad Accountant4 StalLsW Audttor Pqp8u8 Hwue 4&4a Glosgop Road Sheffiold S10 2QD H8W80n8 ClwleredAccountv*818 lo Kl w •n In teim• of89¢th 1212 dlho Cryanl•8 Act 12

				Unrestricted	Restrlcled	Total	Total
				Funds	Funds	Funds	Funds
				2022	2022	2022	2021
				8	8	8	E
7.	Administration
	Legal and professional			37,013		37,013	48,675
	Printing and stationery			7,733		7,733	5,378
	Other office costs			14,740		14,740	18,822
	TMCP Administration	charge		3,375		3,375	3,225
				62,861	.	82,861	76,100
	Other Expenditure
	Ministry resources			7,061		7,061	6,795
	Project expenditure			7,125	8,865	15,990	15,886
	Training						14
	Other			2,140		2,140	8,222
				16,326	8,865	25,191	28,917
8.	Tangible fixed assets				Menses and	Office	Total
				other property		Equipment
	CostIValuation				8	8
	1 September 2021				5,319,833	8,422	5,326,255
	Additions				483,159		483,159
	Transfer from Investment Dispossls		properties		1,131,000 ~358,155		1,131,000 ~(358,155
	31August 2022				6.515.833	6 422	6.582.255
	Depreciation
	1 September 2021					1,017	1,017
	Depreciation charge for		year			1.284	1,284
	31August 2022					2.391	2,301
	Net BookValue
	31August 2022				6,576,833	4,121	6,579,954
	31 August 2021				5,319,833	5,405	5.325.238


10.	Fixed asset investm	ents					Listed
							Investments
						Imenagedfunds
	Valuation						8
	1 September 2021						795,923
	Disposal proceeds						(204,004)
	Loss on disposal Losses on revaluation						(4,551) ~35378
	31August 2022						548.181
			Unrestricted		Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2022	2022	2022	2021
				8	8	8	6
11.	Debtors
	Stlpends paid in advance			33,323		33323	33.786
	Prepayments and sundry debtors			90.499		90,499	142,579
			123.822			123.822	178,385
	Debtors includes 648,440(2021:f48,000)recoverable			aRer mors	then one year.
			Unrestricted		Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2022	2022	2022	2021
				8	8	8
12.	Creditors: amounts	faglng due within one year
	General Fund (unrestricted)
	Deferred Income - assessments		139,727			139,727	139,833
	Accruals and Suhdry	creditors		13,839		13,839	15,372
			153.385			153,366	155,205
	Circuit Model Trust	Fund (unrestricted)
	Provisions rs Grant Commitments			45123		45,023	41,380
	Total		198,389			193339	113,585

Funds
				Brought				Gainsf	Carried
2022				Forward	Income	Expenditure	Transfer	(losses)	Forward
						6	6
Unrestricted		funds
General	Fund			9,342,284	1,522,522	(1,603,748)	237,664	(104,930)	9,393,792
Circuit	Model	Trust	Fund	1,097,789	19.455	(156,230)	(237,664)	-	723.350
				10,440,073	1,541,977	(1,759,978)		(104,930)	10,117,142
Restricted
Other				264	9,689	(8,865)			1,088
Total				10440 337	1,551 660	~l 700 043		~104 930	111110230
				Brought				Gains)	Carried
2021				Forward 8	Income 6	Expenditure 8	Transfer 8	(losses)f	Forward 6
Unrestricted		funds
General Circuit	Fund Model	Trust	Fund	9,034,825 1.481,508	993,997 15.487	(1,312,599) ~185,874	329,920 (329.920)	296,141 116,388	9,342,284 1,097.789
				10,516,333	1,009,484	(1,498,273)		412,529	10,440,073
Restricted
Other				8,571	7,579	(15,886)			264
Total				10.524904	1017063	~I51~ 150	.	412529	10440337

			General	Circuit Model	Other	Total
			Fund	Trust Fund	Funds
2022			(unrestricted) f	(unrestricted) f	(2sstdcted)f
Fixed	assets		8,886,114	507,829		9,393,943
Cash	and current	investments	600,102	197,664	1,088	798,854
Other	current assets/(liabilities)		(92,424)	17,857		(74,587)
Total			9,393,792	723,300	1,088	10,118,230
			General	Circuit Model	Other	Total
			Fund	Trust Fund	Funds
2021			(unrestricted)	(unrestricted)	(restdcted)
			f	f	f
Fixed	assets		8,828,735	750,426		9,579,161
Cash	snd current	investments	599,099	282,034	264	881,397
Other	current assets/(liabilities)		(85,550)	85,329		(20,221)
Total			9,342,284	1,097,789	264	10440337

Net expenditure
Interest received
Properties introduced
Depreciation oftangible	fixed	assets
Losses/(Gains) on invesbnent		revaluation
Decrease/(Increase) in	debtors
Increase/(Decrease) in	creditors
Net cash flow from operating		activities

2022f	2021
(260,107)	(376,645)
(21,705)	(18,598)
(483,159)
1,284	1,017
42,930	(120,451)
52,543	(34,250)
1,803	(50,667)
~066411	~697,394

Total minimum	under no~sncellsble
		2022	2021
		8	6
Falling due within one year		1,507	672
Falling due after mors than	one year	3,807
		0,014	1,000

Mrs		Gill	Adams
Mr		John	Almond
Mr		Sean	Ashton
Ms		Sue	Bagshaw
Mrs		Jackie	Bailey
Mrs		Carole	Baker
Mr		Alan	Bettison
Rev'd		Inderjit	Bhogal
Mr		David	Bingham
Mr		David	Blackbum
Mrs		Rite	Blackwall
Mrs		Pat	Bolland
Ms		Liz	Brook
Mr		Jonathan	Buckley
Mr		David	Burton
Dr		Jenny	Bywatere
Mr		Alee	Cartwright
Mr		Brian	Chapman
Miss		Anne	Clark
Mr		lain	Cloke
Rev'd		Sally	Coleman
Mrs		Jean	Cookson
Mr		Stephen	Cowley
Rev'd		Tim	Crome
Mrs		Elsie	Gundy
Mrs		Bev	Dale
Rev'd		Mlchelle	Deans
Mr		Jon	Dilks
Mrs		Sue	Dilks
Mr		Nigel	Disbury
Mr		Steve	Dixon
Dr		Tony	Drury-Smith
Ms		Erica	Dunmow
Mr		John	Eaton
Mrs		Pam	Eaton
Miss		Louise	Ethedngton
Mr		Simon	Etty
Mrs		Jan	Fly
Mrs		Kay	Gilbert
Rev'd		Drummond	Gillesple
Rev'd		Mark	Goodhand
Mr		Neil	Grant
Rev'd	Prof	James	Grayson
Mrs		Kath	Grierson
Ms		Mary	Grimes
Mrs		Katrln	Hackett
ReVd		Jonathan	Heigh
Prof		John	Harding

Trust	ees'	Report and F	inancial Sta
Mrs		Brenda	Harrison
Mrs		Judith	Hartley
Dr		Anne	Hollows
Mrs		Anne	Hum phreys
Rev'd		Gail	Hunt
Ms		Kate	Ibbeson
Mr		Matt	Irons
Mrs		Christine	Jackson
Rev'd		Judith	Jessop
Mr		Chris	Jones
ReVd		Gareth	Jones
Mr		Glyn	Jones
Ms		Paula	Jones
Mrs		Bridget	Kellett
Rev'd	Dr	Claude	Kimpinde
Mr		Donald	King
Mr		Roger	Kite
Mr		Paul	Krzok
Mrs		Janet	Lawless
Mr		Peter	Lockwood
Rev'd		lan	Lucraft
Mrs		Ann	Lyons
Mr		Arthur	Lyons
Mr		Jack	Magowan
Ms		Janet	Malbon
Mrs		Audrey	Mann
Mrs		Sheila	Mappin
Rev'd		Debora	Marschner
Mrs		Stella	Mate
Mr		Andrew	Maxfield
Mrs		Pam	Meek
Rev'd		Paul	Mellare
Mrs		Kath	Milne r
Rev'd		James	Morley
Ms		Heather	Morris
Rev'd		Gill	Newlon
Mrs		Jane	Offord
Mr		Neil	Offord
Miss		Josephine	Pain
Mrs		Mary	Parker
Rev'd		Jill	Pullan
Rev'd		Lisa	Quarmby
Rev'd		Carla	Quenet
Mrs		Melissa	Quinn
Dr		John	Revill
Mrs		Heather	Rotherham
Mr		Paul	Rotherham
Mr		Philip	Rowland
Ms		Joan	Sharp
Mr		Mark	Sharpies
Rev'd		John	Simms
Mrs		Val	Smith
Ms		Janet	Southgate
Rev'd		Maurice	Stafford

Trustees'	Report and	Financial Sta
Mrs	Sue	Stanworth
Mrs	Julia	Talbot
Ms	Ann	Taylor
Deacon	Annabel	Terry
Mr	Nigel	Thomas
Miss	Aileen	Treloar
Ms	Maryke	Tulvey
ReVd	Gill	Tuti
Mr	Greg	Unwin
Ms	Jo	Webster
Mrs	Rachael	White
Mr	Nick	Whltworth
Mrs	Carol	Wignell
Mrs	Joyce	Wiles
Mr	Nigel	Wiles
Mr	John	Wilkins
Mr	Graham	Wilkinson
Mrs	Janet	Williamson
Mr	Trevor	Williamson
Mrs	Evelyn	Windle
Mrs	Eileen	Woodthorpe
Mr	lan	Wright
Deacon	Jackie	Wright