2022-08-31-accounts - Aire And Calder Methodist Circuit

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		Page
Charity information
Report ofthe Trustees
Independent Auditor's	Report
Statement of Financial	Activities
Balance Sheet		12
Statement of Cash Flows
Notes to the Financial	Statements.	...14

Circuit stewards:	Circuit stewards:	Mrs V Brook
		Mr P Finneran
		Mr B.3ohnson	(from	3une 2022)
		Mrs 3 Kershaw
		Mr D Lane
		Mr I Pattison
		Mr 3M Roberts
		Mrs D Storey	(resigned March 2022)
Bankers:		Virgin Money 6-10 North gate
		Wakefield
		WF1 1TA
Investment	Managers:	Central Finance 9 Bonhill Street	Board	ofthe	Methodist	Church
		London
		EC2A 4PE
		Trustees for Methodist Central Buildings		Church	Purposes
		Oldham Street
		Manchester
		Ml 13D
Auditor:		Azets Audit Services Limited
		33 Park Place
		Leeds
		LS1 2RY

				Unrestricted	Restricted	Endowment	Total	Total
			Note	funds	Funds	Funds	2022	2021
					E		E	E
Income and endowments		from:
Donations —assessment	or	share		616,812	100		616,912	628,180
Charitable activities				213,848	15,500		229,348	215,755
Other trading activities				23,950			23,950	11,450
Investments				2,839	30	6,102	8,971	5,355
Other income				13,305			13,305	3,947
Total income and endowments				870 754	15630	6 102	892 486	864 687
Expenditure on:
Charitable Activities				895,366	14,686	4,515	914,567	922,618
Total ex enditure				895 366	14686	4 515	914567	922 618
Net (expenditure)/income other recognised gains		before		(24,612)	944	1,587	(22,081)	(57,931)
Gains on disposal of fixed	assets			65,010			65,010	23,656
Realised and unrealised (losses) / gains on
investments					(65)	(15,793)	(15,858)	39,153
Transfers between funds				1,623	(36)	(1,587)
Net movement in funds				42 021	843	15793	27 071	4 878
Reconciliation offunds:
Funds brou ht forward			1314	3 283 288	2 847	251 390	3 537 525	3 532 647
Funds carried forward			13,14	3,325,309	3,690	235,597	3,564,596	3,537,525

		Unrestricted	Restricted	Endowment	Total	Total
	Note	funds	funds	funds	2022	2021
		f	E	E
Fixed Assets
Tangible assets	8	2,584,699		—	2,584,699	2,753,299
Investments	9			235,597	235,597	251,390
Long term Loans	10	12,237			12,237	5,000
		2,596,936		235,597	2,832,533	3,009,689
Current Assets
Debtors		40,748			40,748	34,041
Short term cash investments		782,496	3,690		786,186	585,294
Cash at Bank		22,958			22,958	18,153
		846,202	3,690		849,892	637,488
Creditors —Due within one year		(117,829)		-	(117,829)	(109,652)
Net Current Assets		728 373	3 690		732 063	527 836
Total Net Assets	1314	3 325 309	3 690	235 597	3 564 596	3 537 525
Funds ofthe Circuit:
Unrestricted funds	13,14	3,325,309			3,325,309	3,283,288
Restricted funds	13,14		3,690		3,690	2,847
Endowment funds	13,14			235,597	235,597	251,390
Total Funds	13 14	3 325 309	3 690	235 597	3 564 596	3 537 525

	Note	2022	2021
Cash flows from operating activities:
Net cash used in operating activities	19	(36,184)	(51,515)
Cash flows from investing activities:
Investment income received Purchase of fixed assets Proceeds from sale offixed assets Net cash provided by investing activities		8,971 (2,100) 235,010 241,881	5,355 223,656 229,011
Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year Cash and cash equivalents at the end ofthe year		205,697 603,447 809,144	177,496 425,951 603,447
Cash and cash equivalents include:
Short term cash investments Cash at bank Total		786,186 22,958 809,144	585,294 18,153 603,447

										2022	2021
										Totalf	Totalf
Transfer from Circuit Churches										213,848	199,255
District grants										15 500	16500
										229,348	215,755
4. Total Expenditure
										2022	2021
										Totalf	Totalf
Costs directly	allocated			to charitable			activities:
Stipends, salaries,		National		Insurance		and pension costs (note			5)	414,280	434,209
District levy										135,324	138,084
Connexional priority			fund	levy						123,550	129,092
District TMCP levy										23,779	10,988
Insurance, utilities		etc								30,590	36,339
Maintenance on	manses									21,551	37,468
Depreciation										700
Expenditure on	other circuit property									17,647	20,917
Administration										5,383	2,604
Mission support										15,441	15,034
Other										5,164	7,011
Staff expenses										31,688	20,284
Grants a able	Note 17									83 410	65 170
										908 507	917200
Support costs:
Audit and accountanc										6,060	5,418
Total ex enditure			on charitable		activit					914567	922618
5. Minister	and		Lay Staff Information
The average number			of clergy and		lay	staff, analysed		by function	was:
										2022	2021
Clergy											11
La staff											4
										14	15

Minister and lay staff c	osts during	the year were	as follows:
	Clergy	Lay staff	Total	Clergy	Lay staff	Total
	2022 f	2022	2022	2021 f	2021 f	2021f
Wages and salaries	232,964	85,970	318,934	276,640	52,144	328,784
Social security costs	22,859	6,046	28,905	73,236	3,051	76,287
Pension costs	61 555	4 886	66 441	26 323	2 815	29 138
	317,378	96,902	414,280	376,199	58,010	434,209

7. Net Expe	nditure
This is stated	after charging:			2022f	2021f
Auditor's remuneration:
Audit				3,200	2,835
Accountancy				1850	1 680
8. Tangible	Fixed Assets
		Office		Freehold
		Equipment	Land	Property	Total
					E
Cost or valuation:
At 1 September	2021		40,000	2,713,299	2,753,299
Additions		2,100			2,100
Disposals				(170,000)	(170,000)
At 31 Au ust 2022		2 100	40 000	2 543 299	2 585 399
Depreciation:
At 1 September	2021
Charge		700			700
At 31 Au ust 2022		700			700
Net book value	at 31Au ust 2022	1400	40 000	2 543 299	2 584 699
Net book value	at 31Au ust 2021		40,000	2,713,299	2,753,299

Market	value	at 31August 2021	at 31August 2021	251,390
Realised	and	unrealised	losses	15793
Market	Value	at 31 Au	ust 2022	235,597

11.	Debtors
				2022	2021
					f.
Pre	a ments	and other debtors		40,748	34,041
				40 748	34 041
12.	Creditors: Amounts		Falling Due Within One Year	2022	2021f
Assessments		in advance		82,956	85,945
Creditors and		accruals		34 873	23 707
				117,829	109,652

For the year ended 31	August 2021	:
	Balance			Other			Balance
1September 2020		Income	Expenditure	gains / Transfers (losses)			31August 2021
Unrestricted funds:
General funds	3,288,763	844,050	(903,360)	23,656	22,179		3,275,228
Designated funds:
Ministry and Mission	29,000			(21,000)			8,000
Total	3 317763	844 050	903 360	23 656	1 179		3 283	228
Restricted funds:
District grants		12,500	(12,500)
Carol Service		4,000	(4,000)
Wakefield Methodist
junior and Infant School	314	200						514
Various bequests:
Thomas Holmes	504	2	(1)					505
Henry Gundhill gift j.W.Wilson Esq	880 786	16 2	(2) (2)	163	(14) (1)		1,043 785
Total restricted funds	2 484	16720	16 505	163	15		2	847
Permanent endowment:
Harold Speight
Memorial fund	212 400	3 917	2 753	38990	1 164		251	390
Total funds	3,532,647	864,687	922,618	62,809			3,537	525
14. Analysis of Net Assets by Fund
As at 31August 2022	Unrestricted		Restricted	Endowment
		funds	funds	funds	Total		funds
				f
Fixed assets		2,584,699		235,597	2,820,296
Long term debtors		12,237					12,237
Net current assets		728 373	3 690			732 063
		3,325,309	3,690	235,597	3,564,596
As at 31August 2021	Unrestricted		Restricted	Endowment
		fundsf	funds f	funds	Total		funds f
Fixed assets		2,753,299		251,390	3,004,689
Long term debtors		5,000					5,000
Net current assets		524 989	2 847			527 836
		3 283 288	2 847	251 390	3	537 525

						2022	2021f
Grants to institutions:
Airedale Methodist Church						9,000	3,000
Cross Project (taking the Christian		Gospel into secondary		schools)			2,000
Foodbank - Wrenthorpe							5,000
Lakeside Project							6,500
South Emsall Parish Nurse						8,000	8,000
South Emsall Asbestos	Removal						8,370
3ubilee grants						2,180
Grant for prison hymn	books					332
Sandal MC towards Youth workers						2,500
Environmental grants						27,398
Methley Church							16,000
Horbury Churches Together Youth		Project (in support	of	youth	work)	4,000	2,000
Trinity Mission						30,000	13,300
Wakefield Methodist 3unior S.Infants School (support Christian ethos			the	School's			1,000
						83,410	65,170

19. Net Cash provided by Operating Activities
	2022	2021
		f.
Net movement in funds	27,071	4,878
Gains on fixed assets	(65,010)	(23,656)
Losses / (Gains) on fixed asset investments	15,793	(38,990)
Income from investments	(8,971)	(5,355)
Depreciation	700
(Increase) in debtors	(13,944)	(2,933)
Increase in creditors	8,177	14,541
	(36,184)	(51,515)

21. Comparative S	tate	ment of Financial	Activities for the Y	ear Ended 3	1August 202	1
			Unrestricted	Restricted	Endowment	Total
			funds	Funds f	Funds f	2021 f
Donations —assessment Government grants	or share		627,980	200		628,180
Charitable activities Other trading activities Investments Other income Total income and endowments			199,255 11,450 1,418 3,947 844 050	16,500 20 16720	3,917 3917	215,755 11,450 5,355 3,947 864 687
Expenditure on:
Charitable Activities Total ex enditure			903,360 903 360	16,505 16505	2,753 2 753	922,618 922 618
Net income / (expenditure) recognised gains		before other	(59,310)	215	1,164	(57,931)
Gains on disposal of fixed assets Realised and unrealised gains on investments Transfers between funds Net movement in funds			23,656 1,179 34 475	163 (15) 363	38,990 (1,164) 38 990	23,656 39,153 4 878
Reconciliation offunds:
Funds brou ht forward			3317763	2 484	212 400	3 532 647
Funds carried forward			3 283 288	2 847	251 390	3 537 525