District Accruals Accounts 2023-24 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS FOR THE YEAR ENDED 31 AUGUST 2024 NOThINGHAM & DERBY DisTricr District No. 22 Registered Charity- Registration Number 1134172 Chair of District Revd Andy Fyall Deputy Chairs Revd Stuart Ellis Revd Helen Penfold Principal Office Rivergreen Methodist Hub Rivergreen Clifton Nottingham NGII 8AU
THE METHODIST CHURCH NOThINGHAM AND DERBY DISTRicr REFERENCE AND ADMINISTRATIVE DETAILS Name of Charity The Melhodisl Church Notlingham and Derby otriCt Charlty Reglslration number 1134172 Principal Offlce Rivergreen Methcmlist Hub Rivergreen Nottingham NG118AU TnBtees Revd Andy Fyall- Chair Revd Stuart Ellis - Deputy Chair- Appointed March 2024 Revd Helen Perrfold - Deputy Chair- Appointed January 2024 Revd Moira Biggins- Methodist COU11 RepresentalNe Mr Martin Blylh- Children & Young Peokle's Representative- App)inled March 2024 Revd Nicola Briggs- Synod Secretary Mr Paul Carver- EDI Officer- Appointed October 2023 Mr5 Daniella Cdes- Lay Representslive Mrs Sharon Crouchef- Lay Representative- Appoinled September 2024 Mr$ Rosemary Farrow- Resources Lead Mrs MKhelle Gentle- District Bookkeeper- Appointed Novembw 2024 Ms Abby Kilshaw- Children and yn9 Pwles. Rep- Resigned janu 2024 Mr Clifford Lewer- Property Secretary Mr lan Pickeiing- Eujmenical Offer Revd Sdly Raldiffe- Superintendents. ReKYesentalive- Resigne(l AU51 2023 Revd Mark Roberts- Superintendents. Represenlalive- AFwinled August 2024 Mr Paul TaOr- Sialioning RepresenlalNe Ms Carole Thorpe - ExeculNe Secretary Mr Marc Williamson- Lay RepresenlatNe- ResKJned August 2024 Bankers Lloyds Bank PLC. 12-16 Lower Parliament Square. Nottingham NG1 30A Investment Managers Central Finance Board of the Melhodisl Crch. 9 Bonhill Street. Lolon EC2A 4PE Custodlan Trustees Trustees for Melhodisl Chvrch PurtM)ses Central Buildings. Oldham Sireel. Manchester M1 1JQ Independent Examiner Simon Bladen FCA Hawsons Chartered Accounlanls Pegasus House 463a Glossop Ro*J Sheffield S10 2QD
THE METHODIST CHURCH NOTTINGHAM AND DERBY DISTRICT TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 l. Objectives and Activitie5 Our Calling as the Methodisi Churth Nottingham & Oerby District is to resF)ond to the gospel of God's love in Christ and to INe out our discipleship in worship and mission. doing this throueh Evangelism. Worship. Service, Learning and Caring. Through this Strategy. the accomparying Development Policy. and Connexional Priorities. the District will resource circuits and churches to write and implement a living mission plan to be rooted in God. Ecumenical partnership should be encouraged and facilitated whenever p055ible. 2. Achlevernents and performance The Nottingham & Derby Methodist District continues to en8a8e in Televant mission and ministry in the twelves circuits which form it. The desire to love God, love others and make disciples as expressed in our District strapline continues to entouraee those who seek to serve God and share faith in real and relevant ways across the District. We have seen 50me areas of growth in number5 as churches have celebrated new faith through baptism and welcomed those who have made a commitment to Christ as Lor(l into membership. In certain areas of the District we have been privileged to welcome those into our worshipping communities who have found themselves in the UK from Hong Kong. Ukraine and other parts of the world where life is a challenge. In these instances. it is our privilege to love God together and to exercise ways of loving others too whilst also rejoicing in new found faith. The churches of the District ore often partners in community activities and outreach, often expressed through the hosting of events. warm spaces and partnerships with local groups such as youth organisations, U3A and the like. One particular area of achievement is to be seen in Ashbourne where our Methodist Church is a key partner in the town's 'levelling up bid.. The church building is currently being completely refurbished and will re-open as a community a55et, conference and concert space as well as continuing to be a place of worship. This enables Ashbourne Methodist Church to be both a place of worship and a place of welcome vA)ilst seNng the community in a new way. The District continues to seek to fulfil its mission plan as expressed in section 2.1 whilst recognising the challenees of ageing membership and falling numbers of members. There are area5 where churches have come to the end of their season of ministry in a town or village and while this is sad for those involved and demand5 diffi'cult decisions to be made based on reality of situations, we continue to share faith. offer hope and seek to enable a more just world where we have a presence. Our hope is that we offer Go&s love and presence in real and relevant ways and we shall continue to do so.
THE METHODIST CHURCH NOTTINGHAM ANO DERBY DISTRicf TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Plans for future years The Di5tricl will enable every circuit and church to write ènd irnplement an effective mission plan to be rooted in God and growing naturally in faith and life. Our priorities set out below are.. A Evangelism To moke mt>refvllowers ofJesu5 Chr The District will continue to resource Circuits to increase the number of disciples through varying styles of evangelism, New Places for New People, pioneer ministry. fresh expressions, churth planting. and doing existing church well. The Oi5trict will support each circuit and its churches by: l. promoting the development of New Places for New People. through The Genesis Project which draws together strategist5 and practitr"oners' 2. supporting, cultivarbng, and sustaining the tearn of Youn8 Evangelists and Pioneers through work between ¢ir¢uits and the District Mi55ion Enabler.. 3. promoting the observance of Christianity Month in May across the District: 4. continuing to develop a strategy for digital ewan8elism- 5. making Church at the Margins a Priority by seekir)g to partner with other Christian partners; 6. the District Mission Enabler reviewine the opportunities for outreach as a Distrirt from the Rivergreen Hub,. 7. encouraging the appointment of an Evangelism Champion in every circuit to work with the District Mission Enabler. 8 Worship To increase awareness of God's presence and to celebrate God's love. The District will enable people to be centred on God and will support each circuit and its churches by.- l. providing opportunities for regular District Worship Celebratiorbs.. 2. encouraging the explorntion and use of different styles and formats of worship. Cservice To be a good neighbour to people in need ar to challenge injustice. The District will challenee circuits to align themselves With the Mission of God by being outward looking in their communitt"es, building on the Biblical connection between evangelism and social justice. to serve needs around them, and to seek justice.
THE MEfHODIST CHURCH NOTTINGHAM AND DERBY DISTRICT TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The District will support each circuit and its churches bv: l. prorTh)ting and encouraging partnership models of community engagement: Love God. Love Others, Make D15ciples- 2. drawing a representative group around the Oistrirt EDI Officer to promote Justice. Dignity and Solidarity examining how to resource this,. 3. encouraging and 5UPPQrting direct and local social justice such as net zero church. eco church. warm spaces. by resourcing churches and Circuit5 to actess expertise and funding to assist in this area. DLeaming and Q7ring To help people to grow and learn as Christians, through mutual support and care. Together with the Learning Network the Oistrict will resource circuits to nurture an attitude of intentional faith development across the District. The Distritt will support each circuit and its churches by= resourcing and supporting circuit officers, church officers, those in Chaplaincy roles. and those newer to ministry- 2. developing workine partnerships with organisations promoting training. aid. and a55iStance inside and outside the Church. continuing to develop our relationship with the Langharn Partnership and developing a relationship with Alpha UK Ilinking with Evangelism Champions in A7 above); carrying out a study to assess the viability of the District employing an officer to lIeVe compliance work within the Circuits thus enabling more time for mission: 4. continuing to resource and develop the annual Distrirt Safeguarding Conference- resourcing members of congregations to be able to share their personal testimony and encouraging and resourcing worship leaders to enable expression of this in worship. We will underpin the whole strategy with the practi5 of radical hospitality. passionate worship, intentional faith development. risk-taking mi55ion and service. and extravaEant generostty throughout the District. This Mission Strategy joins the suite of Policies that Districts are charged to hold and implement such as Safeguarding. Key Worklng Proctfces We will enstsre that: Appropriate staff have been and will be appointed to resource and implement the District Policy. Safeguarding policies and practices pem)eate all areas of District life Model and promote policies and practices that encourage our members and communities to Flourish. The Learning Network is a resource for the life of the District. Etumenical partnership is encouraged and facilitated wherever possible.
THE METHODisf CHURCH NOThNGHAM AND DERBY DISTRICT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Ministerial Development Review. Supervision. and Spiritual Accompaniment is embedded in the District. Equality, Diversity and Inclusion informs our prartices in fulfillin8 the words and practices of Jesus. There is representation and participation within the Distrirt from the World Church and those with World Church experience. Finance and resources are in place to enable the vision of the Policv. io. Circuit5 and churches are enabled to develop their own Mission Plans. ii. The District Media Team is enhanced and ihat we develop our communication. including the sharing of good news Stories. 12. Every Church and tircuit reviews its finances and it5 property portfolio in line with its review of mission considering where personnel, property and finance resources are needed or where existing resources might be released for other parts of God's work. We will delegate to the Oi5trict Execubve responsibility to oversee the above Policy and to ensure we model. resource and bless the direction in which we move. We encourage everyone in the District to take accournt of and be guided by thi5 District Development Plan. Specifi¢ Piloilties ot the Distrirt Children ¢7nd Young People Following the effects of the pandemic. continue to re-establish times of fellowship and worship for young people18-231 Encourage vocational discernment for young people Supportlpromoteldeliver 3Generate Ministry Development. traininglresourcinglsUPPOrt of all engaged in children's and youth ministry Safeguardin8- creating workable safe policies for engagement with young people Ecumenical Encourage cooperation with other denominations. wherever p055ible Support and encourage LEPS and other ecumenical initiatives throughout the Distrirt Promote an ecumenical mind-set amongst churches and circuits Support Steering Groups for Churches Together in Notlinghamshire and Oerbyshire Undertakel5upport LEP reviews (where duel.
THE METHODIST CHURCH NOTTINGHAM AND DERBY OISTRICT TRUSTEES. ANNUAL REPORT FOR THE YEAR ENOED 31 AUGUST 2024 Equality. Diversity ond Inclusion Continue development of EDI Tearn Develop/Promote EOI Toolkit Support circuits in unconscious bias training Finance Support Circuits in appropriate ways Grants TV funds: District Advance Fund (DAFI and the Mission Fund IMF) Apply criteria for DAF pmjects as Fer guidelines on District website The Mission Fund is for targeted missionlevangelism projecls including: o Church at the Margins o Young evangelists o Digital presence Mission Fund 8ursuries To support New Places New Peoplethroughteam Genesis and Distrirt NPNP oy Employment Review all lay employment job description5/contrartS Advise in all lay employment matters Maintain Lay Employment Register Leorning Network Continue to equip and resource the Church through a wide range of tontextually relevant leafninE and development opportunities Support circuits in being places of lifelong learning and outreach Aligned Learning Network Officer to continue to supwrt Circuits Medi Continue to develop online presen Maintainldevelop distrirt website Showcase 'Good News, stories from around the District Develop use of online plarforms for meetirw as appropriate. Mission & Ministry Resourcing Group Reflect on Connexional. District and other developments and opportunities in relation to ordained ministry Be mindful of both the opportunities and the demands of ministry Promote learning, development and wellbeing for the rninisters stationed in the District Develop plans for the next biennial 48-hour ministerial retreat and offer gular opportunities for reflettion and spiritual nourishment. such as the District Celebrations and Retreat days
THE METHODIST CHURCH NOTnNGHAM AND DERBY OISTRicf TRUSTEES. ANNUAL REPORT K)R THE YEAR ENOED JI AUGU 2024 Mission Development Using 'God for All, and other outreach resources seek to build confidence and courage across thurch in evangelism and disciple building Being alongside circuits and churches through vision days or mi55ion planning Help facilitate mission planning in Circuits Encourage engagement with 'Christianity Month. in May each year as promoted by the District Mission Enobler. To resource and review the Young Évangelists Scheme Probationers For our probationers o Develop the skills. gifts and the habits of ministry o Help model lifelong learning and reflective ministry which is mission-shaped o Pay proper attention to spirituality. physical health. ministerial work-life balance and wellbeing o Work well with colleagues in the Eastern Region Stationing Region in matter5 of oversight and polity Property Enable circuits to develop Mission plans, including community survey. outreach and property review Assist Churches arKI Circuits with the property concerns and issue5 Safeguarding Ensure a good transition to Connexional employment for our DSO Online training for trainer5 for the Foundation Module 2020 Online training for trainers for the Adwdnced Module 2020 Responding to Independent Inquiry into Child Sexual Abuse in religious organisations Recruitment to Di5tritt Safeguarding Group DSG to develop new 3 year plan for Safeguarding
THE METHODisf CHURCH NOlGHAm AND DERBY OISTfticf TRUStEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 3. Flnanclal Review 3.1 Investment policy and perforrnance To comply with Methodist Standing Orders. morw5 for long time investment are lodged with the Trustees for Methodist Church Purposes ITMCPI. TMCP acts as Custodian trustee for all real estate held by Districts and for all large lover £20.0001 bequests and for the proceeds of sale of any property formerly owned by the District. These surns are invested in unitized investments or held on deposit. The investment returns are close to tracking the movements in the FfsE 100 index. The deposit income mirrors the deposit rates available elsewhere. The Notbngham & Derby District Trustees. investment policy is aligned with that of the Central Finance Board of the Methodist Church ICFBI and TMCP because these organisations take into social, environmental and ethical considerations. b)th negatively and positively, that make investments suitable for the Methodist Churth. Short term deposit5 are lodged directfy wtth the Central Finance Board (CFBI and attract good rates of interest. There are no benchmarks 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. 3.Z Reserves level and poliry The reserves at 31 August 2024 were El.833.57812023- £1.744.6801. The reserves at 31 August 2024 can be further split as follows- General Fund Iunrestrictedl District Advance Fund (Unrestricted) Designated Funds (Unrestricted) Other funds (Restricted) Total Funds £522.899 £167.201 £1,103.269 £40,209 £1.833.578 The Trustees aim to maintain general funds at a level representing 6 months expenditure. All monies are invested with the CFB or TMCP with a certain amount kept in the current account for week-by-week expenses. 3.3 Collaboratlve arran8ements wlth connected charltles The District's main source of funding is the a55essments obtained from each Circuit within the District based on the staffing levels of the Circuit and this is used to defray most of the cost of administering the District. This sum for 2024 amounted to £124,924 {2023.' £120.160). The District also obtained from each Circuit. with a reserve known as a Circuit Model Trust Fund ICMTFI, a levy based on the balance of the CMTF at the start of the Connexional year. The District holds no funds as custodian trustee. It does however. quarterly receive from Circuits within the District, the Circuits, contribLffton to the Methodist Church Fund IMCFI. These sums are tollerted 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 recognized 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.
THE METHODIST CHURCH NOTnNGHAM AND DER8Y DISTRicf TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGU 2024 4 Structurei Kovernance and management The Distri¢t is an unincorporated a550oation 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 Charitv Commissioners on 8th February 2010. 4.1 Structure Each district is made up of one or more arcuits. It exists primarily to advance the mission of the Church in region by providing support for the circuits in line with the connexional priorities. Each district is led by a District Chair. As well as providing leadership within thè distritt. the chair is a member of the Connexional Leaders. Forum. with an ovepiiew of the whole connexion. The District Synod sets the policy for the distritt. serving as a link between the Conference and the Connexional Team on the one hand arKI the circuits and local churches on the other. It has oversight of all district affairs, formulating and promoting policies, through its various officers and committee5 to assist the mission of the Church, to give inspiration to the leaders in the circuits and to ensure the interrelation of all aspects of the Church's life throughout the district. The synod may bring matters to the Conference. The synod meets in representatt.ve session at least once each year. They also hold a presbyteral session of the synod for preSbers. which is an opportunity for training as well as for debating issues 4.2 Purpose ol the Di5tvict The purposes of the Methodist Church are and shall be deemed to have been since the date of the Union, the advancement of- al the Christian faith in accordance with the doctrinal stsndards and the discipline of the Methodist Church, and bl any charitable purposes for the time being of any Connexional, District. Circuit. lotal or other organization of the Methodist Church. and cl any charitable purpose for the rime being of any society or instr"tution subsidiary or ancillary to the Methodist Church. and dl any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church.
THE METHODIST CHURCH NOTTINGHAM AND DERBY DISTRicf TRusfEES' ANNUAL REPORT FOR THE YEAR ENOED 31 AUGUST 2024 S. Trustee5' re5ponsibilitie5 The trustee5 are responsible for preparing the Trustees Annual Report and the financial statements iri accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Practice). The law appli¢able to charities in England and Wales requires the trustees to prepare finaftcial statements for each financial year which gives a true and fair view of the stste of affairs of the charity and the incoming resources and application of resour$ of the charity for the perit)d. In preparing these financial statements, the trustees are requtred to: l. Select suitsble accounDng policies and apply them con5iStently- 2. Observe the methods and principles in the Charities SORP 2019 IFRS 1021 3. Make judgments and estimates that are reasonable and prudent. 4. State whether applicable accounting Standards have been followed. subjett to any material departures disclosed and explained in the financial statements. and 5. Prepare the finantial statements on the going conrn basis unless it 15 inappropriate to presume that the charity will ConnUe in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Oistrict and enables them to ensure that the financial 5tatemerbt5 comply with the law. They are also responsible for safeguarding the assets of the District and hence taking reasonable steps fof the prevention and detection of fral and other irregulariD"es. In addition to the above, the trustees are responsible for ensuring the Health and Safety policy is implernented. Training in the responsibilities of twstees is offered io all new trustees 500n after their appointment. 5.1 Risk The District 15 largely risk averse. and in making grants to entities embarking on new and imaginative initSaDve5 is prepared to underwrite the considered risks. Signed on behalf of the Oistrict Executive Committee by- Revd A W Fyall Chair of District l June 2025 Revd Mark Roberts Trustee l June 2025
Independent Examiner's Report to the Trustees of The Methodist Church Nottingham & Derby District ResponslbllSties and basis of report I report to the trustees on my examination of the accounts of the Methodist Church Nottingham & Derby District for the year ended 31 August 2024 set out on pages 11 to 23. As the Di5tricVs trustees, you are responsible for the prepardtion of the account5 in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Districvs account5 carried out nder Section 145 of the Act and. in carrying out my examination, I have followed all the applicable Directions given by the Charily Commission under section 14515}Ibl of the Act. Independent Examinerfs Statement The Districvs gross income exceeded £250.IXKJ and i am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in. any rnaterial respect: the accounting records were not kept in accordance with section 130 of the Act.. or the accounts do not accord with the accounting records,. or the accounts do not cornp with the applicab requirements Conrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CQ8 other than any requirement that the accounts give a 'true and fairf view. which is not a matter considered as part of an independent examination; or the trustees, annual report is not consistent with the accounts. I have no concerns and have come acr055 no other matters in tonnettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of ihe accounts to be reached. 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 El0.¢ (ten thousand pounds) at the balance sheet date. Simon Bladen FCA Hawson5 Chartered Accountants Peagasus House 436a Glossop Road Sheffield SIO 2QD 6 June 2025 io
THE METHODIST CHURCH NOTfiNGHAM AND DERBY DISTRICT State1t of financial Artivilie5 ISOFAI fw the year ended 31 Au8USt 2024 fjener•l Fund lunreseI Distrltt Advante Fund IUnre5trirtEdl DesiEnaied Other Funds Total IEZEE Funds IUnre51rictedl Totsl 2025 Irèsiritt*dl 2024 Income from Donations & Legacles Connexional Advance & Property Fund Income from Investments Assessments on circuits From Circuit Model Trust Funds Contnbution to the cost of the Chair Other Income Total Income & Endowments 1,620 1,620 67,266 63.371 124.924 302,995 47.866 96,328 704,370 1,620 72.950 38.701 120.160 237,055 45.826 94.084 610,396 67.266 31.526 5.669 124,924 26.176 302,995 47.866 86.109 266.188 10.219 10,219 401,787 26,176 Expenditure on Grants & donations Salaries & Associated C05t5 Cost of the Chair Property Maintenance Office Expènses Synods, Committees & Conferences Oiher OutgoinRS Total Expendliure 2.105 183,024 47.866 54.208 3,393 3.559 41.949 336.104 260.316 16.487 278,908 183,024 47.866 54.208 3,393 3,559 44.514 615.472 908,528 224,969 45,826 74.600 2,228 3.985 60.301 1.320.437 1.213 261.529 1.352 17.839 Net Income beft>re gains / Ilossesl Transfers Net Movements In funds 169.9161 62.672 17.2441 140.258 1255.0421 1114.7841 8,337 192.370 200.707 10219 88.898 1710,0411 10.219 88.898 1710.0411 Reconciliation of Funds= Total Funds brought forward Total Funds Carried Forward 530.143 522899 281.985 167.201 902,562 1.103.269 29,990 40,209 1.744,680 1.833,578 2,454.721 1.744.680 12 11
THE METHOOIST CHURCH NOlGHAm AND OERBY OISTRICT 5 af 31 August 2024 OthÈrFw T1024 TDtsI ZD23 AaD5ew¥Jothe i25.} s35.1) Totall•ts 415.C 535.(IKI Cyrr•n¢AM•ts Oebtots andpre 4.050 19,767 Certra fifflJrhce Board & Truste¢sfor MethDdAIChurth Ptsrw5es Oewrf5 835 383.955 565.869 I,2.968 13.S97 11064 Ji. 11.187 TrtalC¥ry•ntAs%ts lo399 56B.269 l.(VJ7.982 935,551 cred1151dkCru1thkndQr I li 154.591 I.591 79.226 loowr•nl asl 231 14 937,391 856.325 Total assetssS¢wl1•rtlit5 522.899 231.014 1.103.269 1.897.391 I16.525 CieditorsènoknnSI&Je•ftErrn0 nl¥e¥ li 6UJ3 63A13 71.605 IletA5x15 522.8YY I.201 L103.269 1.833.578 alth•Dhtrlct 521199 SZJ.B99 s,143 Ob5triCith•Th¢e Fty 167.X&I 167.201 281,98S Oe ated Fwds LIOJ.169 I103.269 9)L562 OthetfvfyJ%lH*%trttqd Tot•1 Fund5 521899 167.2DI L)03.169 L83&57B 1.744.680 RvAAWFyal l June 2025 Chalrof Oblrtt 12
THE METhODIST CHURCH NOTllNGHAM AND DERBY DISTRicr Cash Flow SLitement for ihe year erKled 31 August 2024 2024 2023 Cash fvom DpewingacllvitiV5 16 114,777 1799,2221 Cash kn Irom illVE51ingadI15 Inieiest rece4¥ed 63.371 38,701 Nei rded b kwe5tln84rt14lt*s 63.371 38.701 Chany Im eash and tash equl¥alents the rtponiry wiod J78.148 1760.5211 Cash and cash equi¥ilenis at the beginnir¥ of the reporting peiify 915,78 1.676,305 Chanie In and ush uN4l¢nts at the gfthe re 17 1.093,932 915.784 13
THE METHODIST CHURCH NOTllNGHAM AND DERBY DISTRicr Notes to the accounts for the year ended 31 August 2024 l Accounting fwamework and acctyjnting PDlides The significant accounting policies applied in the preparation of thefinancial statements are set out below= l Baws of Pr•paratlon The financ+a1 statements have been prepared in accordance with the Accounting and Reporting bycharities.. Statement of Recornrnended Praclice applKable to charities preparin8 their accounts bn ac¢ordan(e with the Financial Reporting Standard applicabte in the UK and Repu1( of Ireland in October 2019. the flnancial reporting standard apFAicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011 and UK Generallv AcceDted AccountinR Practbce. These financial statements have been prepared on a going concern ba*$ under the histoital cost convention modrfied to Include certain itern5 at market value. The accounts are eresSed in £ Sterlin& rounded to the nearest pound. li Judzement aNI keysoue$ of estrnation uncertainty The preparation of the financial statements requires management to make judgements. estirnates and a55umptions that affect the amounts reported. Those estimates and judgement5 are coThtinually reviewèd and are based On experience. research and judgement. intluding expetmions ol fUle events thai ale believed to be reasonable under the circumstsnces. 111 Golng concern After de consideration of all relevant factors, the trnstees have a reasonab expertation that the charity has adequate resource5 to continue In operational existence for the fgreseeable future. A¢mrdingly. they cgntinue to adcpt the EoinR concern ba5Ks in preparin% the acctyjnts. i¥ In¢ome reeo8nltk+n Income is recognised in the Statement of Fknanoal ACtIlieS ISOFAI 7fvthen the charity 15 legally entitled to the income after any performance condiiion5 have been me¢ the 3mount can be measured reliablyand il probable that the income will be Ye1¥ed. The Distrirt receives assessments from ltscrrcuits for the Methodist Churth Fund in the form of the connexional ement of the circuit assessments. These èmounts are not induded in the thnanoal statements because the Distrirt acted solely as agent for the Mèthodist Churth Fund. v Expendlt This is re¢o8nised when a liability is itKurred, ora ¢onstTUCtNe obligation arises. that results in the payment bein8 navoidable. Li3bilitbes are recognised as soon as an (yjtflow of economic benefbt is considered more likety than not under the legal or constructive obligation cornmklting the DistrTrct to pay out resource5. ¥1 Grants Grants are recogni5ed annually a5 and when any perforrnan conditions atta(hin8 to the award are met, even when the awaid Is for a recLJrrent grant over more than one year. All 8rants awarded for payment in future financial years are conditional on the Grants Committee being satistied. on the basis of progres5 reports from the grantee. that the grant's achievements to dète justify the payrnent of further in5talrnents of that grant. Such commitments are nDted a5 contingent liabilitie5 and included within the Oisthtt Advance Fund oi othei relevant desfjgnated fund In these accounts. 14
THE METHODIST CHURCH NOTfiNGHAM AND OERBY DISTRICT Notes to the accounts tor the year ended 31 August 2024 l Accountirq frarhkwork and •cwuntin8 poIKies vii Financial Instrunt5 The Oistrict has only basic financkil instruments whKh a Initial recorded at cost. vlli Tanwble fixed a55ets Individual fixed assets costln8 El,(YXlor MO a(aptI3115ed at cost. Tan8ible rd assets a stated at cost or valuation less accumulated depreciation. DepCiatIon is provided all tangible lixed assets, at rates CalcUted io write off ihe cosi over its expecred useful life on a straight line basis as lollows-. L3nd- no depreciation 8uihJings- 40 years tlepreciai#)rb Fixtures & Fitting5- 20 years IM Imiestmerrt5 The Investments of the Nottingham & Derby Distr1 a held by the Trustees lor Methodisi Church Purposes ITMCPI as custodian trustees. The valuations. at market value. a ihose pr¢)Ved by TMCP. The unrealised gains arising 01) investments at the end of the year are shown in the SOFA and in Note 13. M penOn ¢oDtrlbutlons Most ordained presbyters and deac$ are members of the Methodist Ministers. Pension Scheme IMMP51. This is a delined benefit scheme. Month* employer PenSn contributh)ns are accounted for as expenditure in the SOFA as they fall due. Payments io setde the deficit on this scheme are borne by the Mell)dIS1 Connexwjn. Lay ernployees have the option of joining the Pension and ASsUrae Scheme lor Lay Employees of the Methodist Church IPASLEMCI or The Pensions Trusi Gr1)h Plan. These are defined Conffib1r schemes. Monthly employer pension contritrMJtion5 are accounted for as expenditure in the SOFA a5 they fall due. 15
THE METHODIST CHURCH NOTllNGHAM AND DERBY DISTRICT Notes to the accounts for the year ended 31 AuBusI 2024 2 Income from Investments 2024 2023 Intèrèst rète1d General Fund 5.669 1,494 District Advance Fvnd 31,526 15,897 Desi8naied Funds 26,176 21,310 63.371 38.701 3 Assessments The District 15 made up of the followin8 fjrcuits= Circuit No. Circuit Name Circuit No. Circuit Name 22101 22102 2V04 22106 22111 22112 Nottingham North East 22113 Nottingharn South 22114 Nottingham Trent V 22115 Derby 22116 Ashbourne 22123 22126 Border5 Mission Mid Oerby5hire Grantham & V of 8 Easi Staffs & South Derbyshlre Sherwood Forest Newark & Southwell National Forest E35t Amounts received on behalf of other organisations The District received £643.45412023.. É647.1321 from its circuits for the Methodisr Church Fund in the form of the connexional element ol the circuit assessments. 16
THE METHODIST CHURCH NorriNGHAM AND DERBY DISTRICT 14otes to the accounts for the year ended 31 August 2024 4 Other Income 2024 Z023 General Fund Rental Income. RivÈr8rÈen Oeputy Chair's Slip repayment from MCH 8elund ol Deatons tosts Refund of grants Funds recei¥ed for other beneftiaries erby QrEuit Other 12.035 9,239 37.827 35,888 5.616 2.181 19.912 10.477 86.109 27,253 6.612 80.931 Restritted Fw)d Grant income. Action w Poverty & Justice 10.219 13,153 96.328 S Grants and donations The district awarded the folbwiw grants duri theyear-. 2024 General Fund 2.105 250 District Advance Fund 2W.316 62.878 Designated Fund5 16.487 841. Resirkted 278518 908.528 17
THE METHODIST CHURCH NOTnNGHAM AND OERBY DISTRICT Noles to the accounts for the year ended 31 August 2024 6 Salarie5 and as50(iated Costs 2024 2023 Salaries,stipend5 and allowances Employer's National Insurance Contribulions Employer's pension contributions Other 149.411 12.090 20,505 1.018 178.047 15.086 30.926 910 Total Staff Costs 183.024 224.969 The average number of employees during the year was 512023=51. The district 3150 bears the stipend c05t of 312023'.31 rninisters. N¢ employees received employee benefits that totalled more than £60.(ts). 7 Cost af Chair The stipend, employerfs NIC and employerfs pension contribthions of the Chair of Oistrict are paid by the Methodist Connexion. 2024 2013 Stipend and alk*wances Employer's National Insuranct Contributions Employer's pension contributions Other 36,300 3,754 7.812 33,660 3.480 7.243 1.443 47.866 45.826 The Chair's manse 15 provided by the Nottingham & Derby DistrKt and the Dtrict maintains the property. The cost of maintaining the Chair's manse was £6.74312023: £24,520). The Chair Df District 15 the 501e paid key management person but is supported by member5 of the District Exe¢utive Committee. Payments to Trustees The Chair of the thstrict undertakes the primary executive role within the District. In addition Mrs Rosie FarrL. who is ihe Facilitie5 ManaBer. is a paid em0Vee of the Oistriu. No other member of the District Policv Committee was in receiDt of anv Davment for work undertaken on behalf of the Districi. Travel and out of pocket expenses have been reimbvrsed to 6 trusrees totalling £1.134 12023.. 6 irustees totalling El,3381 Mr5 Rosie Farrow a paid employee and a member of the Executive and therefore a Trustee. 18
THE METHODIST CHURCH NOTTINGHAM AND DER8Y DISTRICT Notes to the accounts for the year ended 31 August 2024 oth•routyolS 2023 General Fd Travel & otherexpÈmsÈs Misslon Enabler & Ev•sts costs District Chairman's costs Symod ttssis IT Support &Computer costs Training & Retreats Safeguarding Professtonal Fees LeavingBifts receNed awav Chair Itoverl Sundry Outgoin8S Total Genwal Fur4 Out¢oin85 3,559 942 945 4,052 3.914 7.7( 7.470 12.242 3.341 7.960 18.L 5,258 50.225 1.485 41.949 Dlstdct Advance Fund TMCP Char¥es 1.213 738 Desl8nated Funds 3Generate TMCP Char8es 5.570 3.768 9,338 1.352 1.352 Total Cost 44,514 $0,301 Independent Examlners fee Fees payable to the Independent Exanmnerfor the Indepethtexaminaiion ol annu4 a(¢ounts is £6,60011023.. É3.1. 19
THE METHODIST CHURCH NOTnNGHAM AND DERBY DISTRICT P4otes to the accounts for the year ended 31 Aiwist 2024 9 TadIble Fixed Assets Other PfOPÈrty Tot•1 At¥aluatlon A5 at I September 1023 and 31 Au8ust 2024 535.(KX) 425. 960.000 Dew¢1•1 Chèrge for the year Net Book Vilue 535.( 425.IKrf) 960.ODD The propertie5 were revalued duriw 2021 and are based on profe¥10 Valu1> 10 Debtors 2024 2023 General Fund PrepayFnent5 and &¢rued incorne Oistrirt Ad¥4nre Fund Other debtor Deslgnat¢d Funds OthÈr debiof 15A41 1.650 1.870 2.41 2.056 4.050 19.767 11 Credltors 2024 2023 Amounls dui within l y•ir Gener•1 Fund Accrvils and deferd income 0i5trirt advan Fund Grants payable 5.413 154.591 73,813 IfK).591 79.226 Amounts after mor¢th•n l yvr Grants payaFAe 63.813 71.64S 63.813 ?1.645 The DistrKt Advance Fund award5 8rant5 for missioTral Ity and property proieas and periodically ievlews the pro8re55 of the work forwhich the 8rant hasbeen awarded. F1suCh review,Brants ¢•n be withdrawn or amended.
THE METhOIMST CHURCH NorriNGHAM AND DERBY OISTRICT Notes to the accounts for the year ended 31 Ai4ist 2024 12 Total Funds 8rought Forward Gain Carried rward 2024 In¢•me penthture Tr•nsfer 110e$l UNestricted funds Gener* Fund 530.143 266.188 1336.1041 62.672 522.899 Dlstrt¢t Athnn¢e Fynd 281.985 401.787 1261.5Zg1 1255.0421 167,291 (>e5isnited fund5 Manse fund Mission fund S35.C} 367,562 535.OCKI 568,269 26,A76 117,8391 192,370 902.562 26.176 117.8391 192.370 1.103.269 Restrkt¢d funds New place for New people Merhodist Acrion on Poverty & Justice 6.500 23.4 29.1 10219 10.219 33,709 40.209 Total 1.744.680 704.370 1615.4721 1.833.578 Broyghi Forward Galnsl Ilossesl Income EJrpend•lure Trnnsftr Forward Unrestricted funds General Fund S13.436 250.031 1407.6531 174.329 S30.143 Olstrlct Advance Fund 84.581 325.902 163.6161 164.8821 281,985 8nated funds Manse fund S35.( 460.734 637.987 218.219 4.724 535.C 367,S62 Mission funLI Lower Parliament Street Alfreion Mfy)rwood Moor IS,224 3.039 3.024 23 14,0581 1104,3381 1639.2081 11.8181 1202.4021 I181) 14,7471 1401 Eskdale Drive I56.704 21.310 184S.6681 1129.7841 902.S62 Restricted Fund5 New Pla¢es for New People Methodist A£tion on Poverty & Justlce 6,SOO 6.500 13.IS3 13,153 I3.5Cl 13,5(KJl 13.837 20.337 23.490 29,990 Totsl 2.454.721 610.396 IIJ20.4371 1,744.680 21
THE METHODIST CHURCH NOTTINGHAM AND DE(48Y OISTRICT Notes to the atcounts forthe ye•rended 31 August 2024 12 Unrestricted Funds Itontinutdl Thefunds that SLtyIM iheoisiricr Advance Fund ¥d the Manses Fwxlare held tr¢TMCP ir•Trustees tntere5t Funds on which interest i5credited to the aC£otSeach fflonth. These aTe regardpd a5 fnEdium and teTffl Vestts. TMCP is the legal owner and cu5t4ylianTnJsteeolI Methodist Modd TnJstwoFffj, incIlinE LeBaaE5, ErbdowmEnt5 3nd Accumulated Funds. Tiust prop•ty is hekl for and beha ol bxal MaelR Trustees who are responslble lorthe thyto day management of trust wtyerty. TMCP ÈnswrÈthaL provKling8uidarKè and actiw der their th"re£tion, the Manayn8Trn#eesuthk4yith charity lèwaftd Methcthtlaw arhj [va$dderrnined by the Meihc115t CwfererK¢. 13 Analysis ol net assets between lunds fjen¢ral Fund Distrirt <hanre Fund Dwn•led R•¥¢ridwl Funds Tot•1 2024 Fi¥ed assets C45h and wrrtnt inve5trnent5 Other current assetsll113bllitlesl Credilor5 morè than trno ar 425.(KXI 103.899 16.lml 535.(KM) 565.869 960.rMIo 40.209 1.093.932 1156,5411 163.8131 383.955 1152.9411 163.8131 Total 522.899 167.201 1.103.269 4f>.209 1.833.578 Dwict Total Fund Funds FLmds 2023 Fixed assets Cash al current investments Orher current 45set5111iaknh"tye51 Creditofs morethan or y 42S,CK 94.71S 10.428 $35.[ 365.SC6 42S.573 171.9431 171.6451 29.990 915.784 159.4591 171.6451 Tatal 530.143 281.985 902.562 29.990 1,744.680
THE METHOIXSTCHURCH NOTnMGHAM AND DERBY DISTfticr Notes tothe y¢arend¢d 31 AW IQ14 l4 RelatEd Party Transattions All District trustees are member5 of Churches and Circuits within the Di5tiicl alsomèy be twstees in thew (hurch or Related partÉe5 include the Methodist connex1. andchwches wmthin the Chsirici. and oiher Methodist eniitle5. Other than afflounts inclwted withn rle 3. there were no fdated party transaction5 IringtheYe3rl2023. £nlll. 15 Leas? Commitmpnts There were Th) lease comnNtment5at thear end12023: fnill lfj Re¢¢111•¢1 of in¢omt 10 net ¢45h from athit• 2024 2023 Plet lllcomellexpendturel 8B.898 1710.0411 AdIushents for.. Interest received Oecreasel Ilocreasel in deOr$ Oecrea5el Ilnciea5el in crpditors 163.1711 15.717 73.533 138,7011 18.4931 141,9871 Nei flow from o 114.777 1799,2221 17 Analys4s of cash and cash egu6¥alertts 2014 1013 C3sh 31 bank and in hand InVestNtS treated •$ rash 11.064 1.082.868 12.187 903.597 Total Cash and Cash equi¥alent5 1.093.932 915.784 23