# ## ## |Contents||Pages| |---|---|---| |Trustees'
Report||1-9| |Independent
Auditors'|Report|10-12| |Statement
of Financial|Activities|13| |Balance Sheet||14| |Statement
of Cash Flows||| |Notes to the Financial|Statements|16-23| |Appendix||24-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## Sheffield Methodisl Circuit Independent Auditor's Report to the Truslegs of Sheffield Methodist Circuit Audil procedures performed by the enga9emenl team indude(l.. DiscussKJns with mana9emenl and responsible IOT legal compliance wocedures wlhin Ihe ch8TIty to obtain an understanding of the legal and regulalory framework applicable lo the charily and how the charity complie5 wlh th81 framework. indudin9 con5ider31ion ol kfK)wn or suspected instances of non- complFance wilh laws and regulations and fraud.. Review7ng minutes of Truslee meeiings- Idenlifying and assessing the design effecliveness ol conlrols thal managemenl has in place lo prevent and delecl IrasJd and non-compliance wilh law5 ar￿ regulalions.. Challengtng assumplions and judgements made by management in their significant accounting eslimales. Iifenlifwng an¢J testing journal entries. in particular any journal entries posled wilh unusual accounl combin3lions or p051ed by senior manwment. There are inherenl limiialions in the auljit procedures described above and the wnore refflove(I non-compliance with laws and regulations 15 Irom IhÈ events Iransaclions reftecled in the financial slaiemenls. Ihe less likely we are lo become aware of it. Also. the risk of nol delecling a malerial misslalement dlte lo ffaud is higher than the risk ol not delecling one restjllithg Irom error. as Iraud may invdve deliberate concealment by, for example, lorgery or inlenlional misrepresenlalions, o¥ thfough Collus￿￿. A Ivllher de5criplion of our responsbi Ii ilies 15 available 011 Ihe Financial Reporling Council's web511e al www.Irc.OTg.uklaudilorslaudil-assuTancelavdilor-s-responsibililies-for-Ihe-audil-ol.Ihe-f￿deScr1pIl0ft-0f-lhe- audS101's-responsibilities-for. This (Sescriplion forms parl of our audiloT'S report. Usé of our rèport This report is made 501ely lo Ihe chariiis Iruslees. a5 a b￿y. in accordance %wth Pafl 4 of Ihe Charilies IAccDunls and Reports) Regulations 2008. Our audil work has been underiaken so thal we mighl slate lo the ¢harily's Irvstees those malleis we are required to slate to Iheffl in an auditor's report for no olheT purpose. To the fullest extent permitled by law. we do not accept or assume fesponsibilily lo anyone olher than Ihe charity and the charills Iru51ees as a bo(ly, lor our avdit w(Yk. for thi5 rep(Kt. or lor the opinions we have formed. Hawsons Chartereil Accouritants. statu1￿Y Auditor Pegasus House 463a Glossop Roa Sheffield S102QD 2Ae" Hawsons Charte￿d AcGountanls is elwJi1￿e lo a¢1 as an auditor in lerms ofsecfycin 1212 of Companios Act 2006 12 ## ## |||||||General|Circuit Model|Other|Total|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||Nots|Fund|Trust Fund|Funds|2023|2022| |||||||(unrestricted)
f|(unrestricted)
5|(restricted)
f||| |Income||||||||||| |Charitable
activities||||||||||| |Assessment
or|share|||||950,991|||950,991|914,872| |Rental income||||||78,617|||78,617|90,127| |Properties
introduced||||||370,000|||370,000|483,159| |Investment
Income||||||8,784|11,757||20,541|21,705| |Other income||||||3,816||26,938|30,754|12,855| |Fundsintroduced||||||||||28,948| |Total||||||1,412,208|11,757|26,938|1,450,903|1,551,666| |Expenditure||||||||||| |Stipends, salaries,|NIC snd pension|||||832,376|||832,376|801,400| |District assessment||||||242,482|||242,462|242,462| |Motor and travel||||||31,570|||31,570|54,189| |insurance,
telephone
and||utilities||||97,991|||97,991|94,383| |Maintenance
on menses||||||100,601|||100,601|144,094| |Administration||||||98,347|2,011||100,358|72,861| |Expenditure
on other Circuit|||property|||23,460|||23,460|19,028| |Other expenditure||||||11,338||11.806|23,144|25,191| |Grants and donations||||||17,045|22,179||39,224|127,287| |Contributions
to District Advance||||Fund|||44,162||44,162|68,685| |Methodist
Church Fund levy||||||147,790|||147,790|119,263| |Total||||||1,602,980|68,352|11,806|1,683,138|1,768,843| |Net (Losses) on investments||||||(2,185)|(5,125)||(7,310)|(42,930)| |Net (expenditure)|Income|||||(192,957)|(61,720)|15,132|(239,545)|(260,107)| |Transfers between|funds|||||213,120|(213,120)|||| |Other recognised|gains|/ (losses)||||||||| |Gain on property disposal||||||18,500|||18,500|| |Gains/(Losses)
on|revaluation||of|fixed|assets|145,000|||145,000|(62,000)| |Net movement
in|funds|||||183,663|(274,840)|15,132|(76,045)|(322,107)| |Total funds brought|forward|||||9,393,792|723,350|1,088|10,118,230|10,440,337| |Total funds carried forward||||||9,577,455|448,510|16,220|10,042,185|10,118,230| ## ## |||Note|General
Fund|Circuit Model
Trust Fund|Other
Funds|Total
2023|Total
2022| |---|---|---|---|---|---|---|---| ||||(unrestricted)|(unrestricted)|(restricted)||| |Fixed assets|||E|E|E||| |Tangible fixed assets
Investment
properties
Investments
Total fixed assets||8
9
10|9,527,645
7,078,670
2.410,000
38,975|22,706
22,706||7,078,670
2,410,000
61,681
9,650,35'I|6,579,954
2,265,000
548,989
9,393943| |Current assets|||||||| |Debtors and prepaymenis
Cash at bank snd in hand
Total current assets||11|79,346
126 995
206,341|62,860
405,768
468,628|16220
16,220|142206
548983
691,189|123822
798854
922,676| |Creditors: amounts
than one year|falling due in less|12|156531|42,824||199,355|198,389| |Net current assets|||49,810|425,804|16,220|491.834|724,287| |Net assets|||9,577,455|446,510|16,220|10,042,185|10,118,230| |Funds ofthe Circuit|||||||| |General Fund
Circuit Model Trust Fund
Other Funds
Totalfunds||13|9,577,455
9,577455|448,510
448 510|16,220
16220|9,577,455
448,510
16,220
10042185|9,393,792
723,350
1,088
10118230| ## |||Note|2023|2022| |---|---|---|---|---| |Net Cash flow from operating
activities||16|~636,646|~666.411| |Cash flow from investing
activities||||| |Payments
to acquire tangible|fixed assets||(625,000)|| |Receipts from sale of tangible|fixed assets||513,500|358,159| |Proceeds from sale of investments|||479,998|204,004| |Interest received|||20,541|21,705| |Net cash flow from investing|activities||389,039|583,868| |Net (decrease) in cash and cash equivalents|||(249,871)|(82,543)| |Cash and cash equivalents|brought forward||798,854|881,397| |Cash and cash equivalents|carried forward||548,983|798,854| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||Funds|Funds|Funds|Funds| |Interest and investment||income||2023
f|2023f|2023f|2022
f| |Interest and dividends|on|CFB|investments||||| |- General
- Circuit Model Trust|Fund|||15,349
5,192
20,541||15,349
5,192
20,541|2,250
19,455
21,705| |Other income|||||||| |Grants and donations
Project Income
Other||||13
3,803|26,938|13
26,938
3,803|2,350
10,401
104| |||||3,816|26,938|30,754|12,855| |Collections for and payments|||to external|organisations|||| |There were no collections for or|||payments|to External Organisations|in the year|(2022: Nil).|| |Fees for audit ofthe|accounts|||||2023|2022| |||||||f|f| |Audit||||||13400|10,000| |Stipends and salaries|||||||| |Stipends and salaries
National
Insurance
contributions
Pension costs||||||655,329
57,631
119416|624,801
56,312
120,287| |||||||832,376|801400| ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds| ||||2023|2023|2023|2022| ||||6|6|f|| |7.|Administration|||||| ||Legal and professional||78,211||78,211|47,013| ||Printing
and stationery||7,975||7,975|7,733| ||Other office costs||11,701||11,701|14,740| ||TMCP Administration|charge|2,471||2,471|3375| ||||100,358||100,358|72,861| ||Other Expenditure|||||| ||Ministry resources||7,488||7,488|7,061| ||Project expenditure||36|11,806|11,842|15,990| ||Other||3,814||3,814|2,140| ||||11,338|11,806|23,144|25,191| |8.|Tangible fixed assets|||Nlanses and|Offfce|Total| ||||other property||Equipment|| ||Cost /Valuation|||8|8|| ||1 September
2022|||6,575,833|6,422|6,582,255| ||Additions
Disposals|||995,000
~495 000||995,000
~495,000| ||31 August 2023|||7,075833|6,422|7,082,255| ||Depreciation|||||| ||1 September 2022||||2,301|2,301| ||Depreciation
charge for year||||1,284|1,284| ||31August 2023||||3,585|3,585| ||Net BookValue|||||| ||31August 2023|||T,D75,833|2837|7 D7367D,| ||31 August 2022|||6575,833|4,121|6,579954| ## ## ## ## |.|xe nvest|ents||||||Listed| |---|---|---|---|---|---|---|---|---| |||||||||investments| ||Valuation|||||||/managed
funds
6| ||1 September 2022
Disposal proceeds
Loss on disposal
Loss on revaluation
31 August 2023|||||||548,989
(479,998)
(4,118)
~3,192
61,681| |||||Unrestricted||Restricted|Total|Total| ||||||Funds|Funds|Funds|Funds| ||||||2023|2023|2023|2022| |11.|Debtors||||6|8|6|| ||Stipends
paid
in advance
Prepaymenls
and sundry||debtors|35,761
106,445
142,206|||35,761
106,445
142,206|33,323
90,499
123,822| ||Debtors includes 647,500||(2022:648,440)|recoverable|after more|than one year.||| |||||Unrestricted||Restricted|Total|Total| ||||||Funds|Funds|Funds|Funds| ||||||2023|2023|2023|2022| |12.|Creditors: amounts|falling due within one year|||f.||6|6| ||General Fund (unrestricted)|||||||| ||Deferred income - assessments
Accruals and Sundry creditors|||138,689
17,842
156531|||138,689
17,842
156,531|139,727
13,639
153,366| ||Circuit Model Trust|Fund|(unrestricted)|||||| ||Provisions
re Grant|Commitments|||42,824||42,824|45,023| ||Total|||199,355|||199,355|198,389| ## ## |13.|Funds||||||||| |---|---|---|---|---|---|---|---|---|---| |||||Brought||||Gains/|Carried| ||2023|||Forward
f|Income
f|Expenditure
f|Transfer
f|(losses)
f|Forward| ||Unrestricted||funds||||||| ||General
Circuit|Fund
Model|Trust Fund|9,393,792
723 350 .|1,412,208
11,757|(1,602,980)
~(68.352|213,120
(213.120(|161,315
(5.1251|9,577,455
448,0(D| |||||10,117,142|1,423,965|(1,671.332)||156,190|10,025,965| ||Restricted||||||||| ||Other|||1,088|26,938|(11,806)|||16,220| ||Total|||10,118,230|1.450.903|~(.683,(38||156 190|IIID42,185| |||||Brought||||Gains/|Carried| ||2022|||Forward
f|Income
f|Expenditure
f|Transfer|(losses)f|Forward
f| ||Unrestricted||funds||||||| ||General|Fund||9,342,284|1,522,522|(1 603748)|237,664|(104930)|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|||10,440337|1551,666|~(,768843||~1D4,930|ID118230| ## ## ## ## ## ||||General|Circuit Model|Other|Total| |---|---|---|---|---|---|---| |2023|||Fund
(unrestricted)|Trust Fund
(unrsstricled)|Funds
(restricted)|| ||||||F|| |Fixed
Cash
Other|assets
and current investments
current assets/(liabilities)||9,527,645
126,995
(77,185)|22,706
405,768
20,036|16,220|9,550,351
548,983
(57,149)| |Total|||9,577,455|448,510|16,220|10,042,185| ||||General|Circuit Model|Other|Total| |2022|||Fund
(unrestricted)|Trust Fund
(unrestricted)|Funds
(restricted)|| ||||6|6|E|| |Fixed
Cash
Other|assets
and current investments
current
assets/(liabilities)||8,886,114
600,102
(92,424)|507,829
197,664
17,857|1,088|9,393,943
798,854
(74,567)| |Total|||9,393,792|723,350|1,088|10,118,230| ## |Reconciliation
ofnet (expenditure)
to net cash flow from op|erating
activities|| |---|---|---| ||2023|2022| |Net expenditure
Interest received
Properties
introduced
Depreciation
of tangible
fixed assets
Losses on investment
revaluation
(Increase)/Decrease
in debtors
Increase/(Decrease)
in creditors|(239,545)
(20,541)
(370,000)
1,284
7,310
(18,384)
966|(260,107)
(21,705)
(483.159)
1,284
42,930
52,543
1,803| |Net cash flow from operating
activities|~638.910|~666.411| ## ## ## ## ## |Operating|Lease commitments|Lease commitments||2023f|2022| |---|---|---|---|---|---| |Total minimum
commitments||under non-cancellable|operating leases were as follows:||| |Falling due|within one year|||2,606|1,507| |Falling due|after more than|one year||7,658|3,807| |||||10,264|5,314| ## ## ## ## ## |Mr|John|Almond| |---|---|---| |Ms|Sue|Bagshaw| |Mrs|Jackie|Bailey| |Mrs|Carole|Baker| |Mr|Alan|Bettison| |Rev'd|Inderjit|Bhogal| |Mr|David|Bingham| |Mr|David|Blackbum| |Mrs|Rita|Blackwell| |Ms|Liz|Brook| |Ms|Christine|Buckley| |Mr|Jonathan|Buckley| |Mr|David|Burton| |Dr|Jenny|Bywaters| |Mrs|Lynne|Capewell| |Mrs|Jenny|Carpenter| |Mr|Alee|Cartwright| |Mr|Brian|Chapman| |Miss|Anne|Clark| |Mr|lain|Cloke| |Rev'd|Naomi|Cooke| |Mrs|Jean|Cookson| |Mr|Stephen|Cowley| |Mrs|Ann|Croft| |Mrs|Elsie|Gundy| |Mrs|Bev|Dale| |Rev'd|Michelle|Deans| |Mr|Jon|Dilks| |Mrs|Sue|Dilks| |Mr|Steve|Dixon| |Ms|Erica|Dunmow| |Mr|John|Eaton| |Mrs|Pam|Eaton| |Miss|Louise|Etherington| |Mr|Simon|Etty| |Mrs|Jan|Fly| |Mrs|Kay|Gilbert| |Mr|Neil|Grant| |Mrs|Sue|Griffiths| |Ms|Mary|Grimes| |Mrs|Katrin|Hackett| |Rev'd|Jonathan|Haigh| |Prof|John|Harding| |Mrs|Brenda|Harrison| |Mrs|Hazel|Harrison| |Mrs|Judith|Hartley| |Mr|Graham|Hill| ## |Trust|ees'|Report a|nd Financial| |---|---|---|---| |Dr||Anne|Hollows| |Mr||Jeff|Hough| |Mrs||Anne|Humphreys| |Ms||Kate|Ibbeson| |Mr||Matt|Irons| |Mrs||Christine|Jackson| |Rev'd||Judith|Jessop| |Mr||Chris|Jones| |Mr||Glyn|Jones| |Rev'd||Mike|Jones| |Mrs||Bridget|Kellett| |Rev'd|Dr|Claude|Kimpinde| |Mr||Donald|King| |Mr||Roger|Kite| |Mr||Paul|Krzok| |Mrs||Janet|Lawless| |Mr||Peter|Lockwood| |Mrs||Libby|Long| |Rev'd||lan|Lucraft| |Mrs||Ann|Lyons| |Mr||Arthur|Lyons| |Ms||Janet|Malbon| |Mrs||Bridget|Manley| |Mrs||Audrey|Mann| |Mrs||Sheila|Mappin| |Rev'd||Debora|Marschner| |Rev'd||Kim|Mason| |Mr||Andrew|Maxfield| |Mrs||Pam|Meek| |Rev'd||Paul|Mellars| |Mrs||Kath|Milne r| |Mrs||Sue|Monaghan| |Rev'd||James|Morley| |Ms||Heather|Morris| |Rev'd||Tracey|Mords| |Ms||Sue|Nuttall| |Mrs||Jane|Offord| |Mr||Neil|Offord| |Mrs||Yvonne|Ogden| |Mrs||Mary|Parker| |Rev'd||Philip|Peacock| |Rev'd||Romeo|Pedro| |Rev'd||Jill|Pullan| |Rev'd||Lisa|Quarmby| |Rev'd||Carla|Quenet| |Mrs||Melissa|Quinn| |Mrs||Heather|Rotherham| |Mr||Paul|Rotherham| |Mr||Philip|Rowland| |Ms||Joan|Sharp| |Mr
Rev'd||Mark
John|Sharpies
Simms| |Mrs||Val|Smith| |Ms||Janet|Southgate| ## |Trustees|'
Report a|nd Financial| |---|---|---| |Rev'd|Maurice|Stafford| |Mrs|Sue|Stanworth| |Mrs|Julie|Talbot| |Ms|Ann|Taylor| |Deacon|Annabel|Terry| |Mr|Nigel|Thomas| |Miss|Aileen|Treloar| |Ms
Rev'd|Maryke
Gill|Turvey
Tutt| |Mr|Greg|Unwin| |Ms|Jo|Webster| |Mr|Nick|Whitworth| |Mrs|Carol|Wignell| |Mrs|Joyce|Wiles| |Mr|Nigel|Wiles| |Mr|John|Wilkins| |Mr|Richard|Wilshaw| |Mrs|Evelyn|Windle| |Mrs|Eileen|Woodthorpe| |Mr|lan|Wright| |Deacon|Jackie|Wright|