Regl•tered Charlty Numb•r. 1134234 Aire and Calder Methodlst Clrcuit Trusteerf Annual Report and Financial Statements For the Year Ended 31 August 2023 Aire and Calder Methodist Clrcult Contents P•0• Charfty Infomatlon ... ... Report of the Trustees....... . ............. Independent Autltorfs Report............ .. . ststement of Flnanclal Actlvbtles ................ li 8Jlanc• Sh•8t............ ... .12 Statement of Cash Flows.....,..,....,................................................ 13 Notes to the Flnandal Statements....................... 14 Aire and Calder Methodist Circuit Charlty Information Charity Registration Number: 1134234 Clrcult Numbw: 27117 The Clrcult comprlses 26 ¢hur¢he$ at 311t August 2023: Adssible for them, ano the deci%on was made for the minister to ¢onts"nue to be a Methodist. As previously stated, thls is to be Revd. Klm Wllllams Also, durlng the year one of our Chlldren and Familles worker5, Matt 8urland left us and Jenny Ashby joined us Js the Development Worker at Lakeslde Creative Arts Centre. As mentSoned last year the Methodist Churches at PontefF7Ct Central and Mi¢klegate came together on the I Septembèr 2022 ¢0 fDrm one thurch, worshlpplng at the moment on two slres on alternate Sundays. Stsnley Methodist Church formally closed during the year with its members transferrlng to other churches. The property Is now on the matket. Late In the year the contract for the sale of the fomier Woodlesford Chapel was agreed and cornpletion took place after the year end. The redurt4on In mlnlster5 was prfmaNly due to a national shortsge and with the ever-redudng number of local preachers, plan maklng continued to be difficu￿. This ha5 resulted in every thurch h4vlng Several local arrangements each quarter. The Yarkshtre West Methodist District has identified Pontefraci as a place to launch the Connexion's "New Places for New People" scheme in the area. Fund5 are being made available both from the Connexlon and the Dlstrict over a 3 year perlod. An appolrbtment of a part time Development Worker for 6 months has now been made in 2024. The first tranche of money was recelved during 2022123 and placed In a Re5trlcted Fund. The development of Newmillerdam Methodist Church to form the -LJkeside Creatlve Art5 Centrp- Is prO9￿SSing. A building stheme has been drnwn up. plannin9 perrnlsslon ha5 been recelvet1 and plans are berng made for the scherne to 90 Out to tender 500n. As previously mentloned, a Development Offrcer has been appointeL1 and 9ood pro9￿sS is being Inade. The circuit has continued to support the Hope CerEtre Ttlnity Mlsslon in Castleford where a Centre Manger was appointed du￿ng tbe year. We have continued to= supwrt the mlsslon of the Methodlst Church; bnng manses up to an acceptable Standard ICPD Book VIL A, part 2) wlth a cornsiderable amount of money being spent on the manses In 0$5ett and In Featherstone. malntain a Strong relatitsnship between the circLFIt and the Methodist School in Wakefield, and with other schools. mainly through morning assemblles. and rnake grants to Horbury Churches Together Youth Projert, Upton Methodist Church towards its development costs. and to several other Churche5 for Roof repalrs, Doors, B￿leTs, Notsce Board5, AV Systems and Envlronment?I Schemes. Aire and Calder Methodist Circuit Trustees. Annual Report for the Year Ended 31 August 2023 (continued) The Chilclren and Youth Networt( met regularly to plèn actlvlties and the Church ￿le and Mission Forum contlnL*d to meet dLJring thÈ year. Our Children and Famllies workers contlnued to provlde slgnlflcant support to thurthes in thelr work with young people. They have also organised a Youth Camp,. tsken Young People to 3 Generate and to the D15tr1ct Weekend; or9anlsed • ￿eeP over; as well as soclal evening5 for young pec*ple In the Circuit. St John's graveyard has been refurbished during the year and work is on-90ing indexing the burial registers. Financial Revlew The Statement of Financial Acfivitie5 shows net expendlture for the year. befo￿ net galns / losses on Investments, of £5,941 12022 net expenditure of É22,0811 and the totsl reserves at 31 August 2023 stand at £3,548,609 (2022.. £3,564.596). The Trustees consider the financlal posltlon to be sètisf8tt0ry. Princlpal fundlng Sour￿$ for the year to 31 August 2023 are the assessments recelved from the churches wlthln the Clrcult, Dlstrttt grants and rents from three letiings. The prinapal Items of expenditu￿ a￿ Ministers, silpends, Stsff salarles, the dlstrlct levy, and manse repalrs and improvements. The Trustees have a Reserves Pollcy whereby unrestrlcted Funds are held In the cur￿nt account at the Vlrgln Money: the Deposlt Account at Methodlst Chapel Ald; the Deposlt Fund of the Central Flnance Board- and in the Clrcult's Model Trust Fund with TMCP. The Circuit has considered the advice frorn the Ch?rlty Commission wilh ward to the level of reserves it should hold under the relevant SORP. It alms Ideally to hold in ￿Serve sufficlent mcney in Its unrestrlcted Funds to cover three month's general expenditure l.e. about. £230,000. The reasons for thls arg: a) The drcu5t needs a reserve as worklng capital to cover normal runnlng costs: b) It malntalns 7 manses and It need5 sufficlent reserves to tover any emergency expenditure,. cl There are 26 Churches in the Circuit and it needs sufficient rese￿$ in tase one or more cannot meet thelr annual a5se55ment- and d) The clrcuit employee5 4 lay worker5, some supportad by extemal grdnts, and it needs 5ufficlent reserves trg cover their salary/redundancy costs if necessary. Where reserves vary from thos level, the figure will be reported to the Orojfc Executlve Commlttee for artlon to be taken. If consldered necessary. to ￿medY the p051tlon. At 31 August 202J the tree reserves amounted to £672.L07 which is above the mlnlmum level. Plans for the Future l. To agree a new Vlslon Staternent and produce a five year F4an. 2. To support major redevelopment schemes as fund5 becorne available. 3. To continue to SUPPOrt the development of the mission of the churches 4. To continue to support Mope cent￿ Trlnlty mr￿10n. 5. To support an¢J develop the scheme at Newmillern The Trustees are responsible ftsr the other Information. The other Infotination comprises the infomiation included In the Trusree's Report, other than the flnanclal statements and our èudltor's port tliereon. Our oplniort on the Ilnanclal statements does not cover the other inforrnètion and. except to the extent otherwise expllcitly stated in our report, we do not express any forni of assurance conclusion thereon. In connectlon with our aydlt of the flnancial ststements, our respon51bllty is to read the other infornation and. in doing so. consider whether the other informat1￿ is materially inconsistent with the flnancial statements or our knowledge obtained In the audlt or otherwise appears to be materially mlsstated. If we identify such material inconsistencies or apparent material mSsstatements, we a￿ requlred to detemilne whether there Is a materiat mlsstatement in the financial ststements or a material misstatement of the other infomiation. If, based on the Work we have perfornied, we conclude that there Is a materfal mlsstatement of this other Informatlon, we are quired to report that fatt. We have nothlng to report in this regard. Aire and Calder Methodist Circuit Independent Audttorfs Report to the Trustees of Alre and Calder Methodist Circult for the Year Ended 31 August 2023 (contlnued) Matters on whlch we Jre required to repart by exceptlon We have nothing ro report In respect of the followtn9 matters in relation to which the Charltles {Account5 )nd Reports) Regulations 2008 requ1￿ us to report to you if. in our opinion.. the information given in the financial statements is Inconsistent in any material resFert with the Trustees, Report,. or sufflclent accountlng records have not been kept: or the financial staternents are not in agreement with the accountlng records.. or we have not recelved Jll the information and explanatlons we require for our audit. Respon*ibiliti¢s of the Trustees As explalned mts￿ fvlly in the Trustees RÈsponslbillty Ststement, the Trustees are responsSble for the P￿paratIOn of flnanclal statements which give a true and falr view, and for such internal control as the Trvstees determine is necessary to enable the preparation of financlal statements that are free frorn material misstotement. whether due to fraud or e￿Or. In preparing the finandal statements, the Trustees are responslble for asSe￿Ing the chartty's ablllty to contlnue as a goin9 concern, dlsdoslng, as applicable, matters related to going concern and using the golng concern bas15 of accountyng unless the Trustees elther intend to Ilquidate the chartty or to cease operadons, or have no re?Ilstlc olternatlve but to do so, Aydl¢or'$ responslbllltles for the audlt •1 the flnandal ststements We have been appointed as audltor under sectfon 144 of the Charltles Act 2011 and report In accordante with regulètions made under $ertion 154 of that Act. Our objectives are to obtain reasonable as5uran£e about whether the financial statements as a whole a￿ free from material mi55taternent, whether due to fraud or emr, and to issue an audltorfs port that Includes our oplnion. Reasonable assurance Is a hlgh level of assurance. but Is not a guarantee that an audit Cenducted in accordance with ISAS (UK) will always detect a material mlsstatement when It exlsts. Mlsstatements can arise from fraud or error and aré consldered matertal If, Indlvidually or In the agg￿gate, they could reasonably be expetted to Influence the economic decisions of users tsken on the basis of these finat)ciBI statement$. A further éesulption of our responsibilttie5 for the audit of the flnancial statements Is located on the Financlal Reporting Council's web51te at: www.frc.org.uk/audltorsrespc)nsibilities. This description fomis part of our audltorf5 report. Extent to which the audit was capable of Identlfyln9 Irregul•ritie*, Including fraud Irregularitle5, including frau(t, are Instances of noTr-tompliance with laws and regulatlons. We deslgn procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material mlsstatements In respert of I￿e9l*la1ities. InclLtrOtng fraud. We obtain and update our understsn¢Jing of the entlty, Sts actlvitles, its control envlrDnment, and likely future develtspments, 1nduding in relation to the legal and regulatory framework applicable and how the entity Is complying with that frnmework. Based on thls understanding, we Identify and assess the risks of material rnlsstatement of the flNèn¢ial statements, whether due to fraud or error. design and pÈrform auéit procedures responsive to those risks, and obtsin audit evidence that is sufficient and appropria￿ to provide a basls for our oplnbon. Thls Includes considerdtion of the risk of arts by thé entity that were contrary to applicable laws and regulations, Including fraud. Alre and Calder Methodist Circuit Independent Audltorfs Report to the Trustees of Alre and Calder Methodlst Clrcult for the Year Ehded 31 August 2023 (contlnued) In response to thè risk of irregularities and non-compllance vAth laws and regulètlons. induding fraud, we de51gned procedijres whlch Included.. Enqulry of management and those charged with governance around actuol and poienual Iltlgatlon and clalms as well a5 actual, 5usperted and alleged ftaud: Reviewin9 mlnutes of rneetin9s of those charged with govemance; A55esslng the extent of compliance wlth the law5 and regulatlons consldered to have a dlrert materlal effert on the finandal statements or th¢ operatlons of the entlty through enqulry and inspection. Reviewino finandal 5tstement dlsd05ure5 and testlng to SUPPOrtlng documentation to assess compllance with applicaNe laws and regulatiorns; Perfomiing audlt work over the rtsk of management blas and overrlde of controls. Includlng testlng of Journal entde5 and other adjustments for approprlatene5s, evaluatlng the busine55 ratlonale of slgnlflcant transactions outside the norrn81 eourse of business and reviewing accountlng estimates for indicators ol potential blas; and Performlng audit work over the tlrnlng and recognltlon of Income and In partlcular whether It has been ￿DId¢d in the corrert accounting period. Because of the inherent Imitstions of an audit, there Is a risk that we will not detect all Irregularltles. Including those leading to a material mlsstatement in the flnancial ststements or non- compllanca wlth regulaoon. Thls rlsk Increases the more thèt cornk11an￿ wlth a law or reoulatlon Is removed from the events and transactlons reflected In the flnandal statements, as we will be less likely to become aware of instances of Hon-compliance. The rlsk of not detecting a material mlsstaternent resultlng from frau¢J Is hl9her than lor one resulting from error. as fraud may Involve coIIu5ion, forgery, Intentional omlsslons, UM of our r•port Thls report 15 made solely to the th8rity'5 Trustee5, as a bodyi in xcordance with Part 4 of the Charltle5 (Account5 and Reports) Règulations 2008. Our Judlt work has been undertaken so that we mlght state to the charity's Trusree those matters we are requlred to state to them In an audltorfs report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume Pesponslb116ty to anyone other than the charfty and the charfty's Trustee5 as a body, for our audlt work, for this report, Dr for the opinions we have formed, ]￿81￿ Lawrenee (Senlor Statutory Audi￿r) A2•ts Audlt Sèrvlees Llmlted Chartered AccouThtsThts •nd Relllstered Audltor• 12 Klng Street D•t&. 2610312024 LSI 2HL io Aire and Calder Methodist Circuit statement of Financial Activities for the Year Ended 31 August 2023 ilnr•stricted Restrtrted Endowm• fund8 Ful￿$ Fund• Tot•1 2023 Tvt•J 2022 ot¢ In£¢Mn• and •ndowmerts from: Donatlons- aSse5smeTht or share Charitable actsvities CKher tradlng attivltle5 Investments 632,778 152,206 36,105 20,909 38,734 860,732 50 49,000 632.828 616,912 201,206 229,348 36,105 23,950 27,929 8,971 38,734 13.305 936.802 892 456 70 6.950 Other income Total Income and •ndowments 49,120 6,950 Exptnditur* on: Chadrafje ACt￿ltIeS 912,880 912 880 25,006 4.857 942.743 914.567 914 567 Total 4x endltur• 14et (expendlluve)Ilnromt before other re¢oyni¥ed g•in5 Galns on disPOs31 of tixeo assets Rea115ed and unrEa115ed (bsses} I galns on investments Transfers batwwn funds Plet mov•m•Tht Ih furJdB 132.14e) 24,114 2,093 (5.941) 122,0811 65,010 140) (51) (10,1)06) {IQ,0461 115,8581 12,0931 2,144 115 987 lieeondlittion *)f fvnd5.' Funds brou ht forward 3 325 309 235 597 3 564,596 3 537.525 22S S91 3 548 609 3 564 596 Funds caffl￿ fDn¥ard 3 295,30S 27,713 A fully detalled Statement of Financlal Attivities for the year endlng 31 Au9USt 2022 Is shown in note 21 to the flnanclal ststements. The￿ were rn recognised gains and losses for 2023 and 2022 other than those induded in the Statement of Flnanclal Attlvltles. All income and expenditure derive from contlnuing actrvities. li Aire and Calder Methodist Circuit Balance Sheet as at 31 August 2023 Unrestrtcted Restrl¢t¢d Endowment funds funds fund$ Total 2023 Total 2022 Hxed A•sets Tangible assets Investments Long tern) Loan5 2,612,161 2,612,161 225.591 225,591 11,037 225.591 2,848,789 2,584.699 235,597 12,237 2,832,533 io 11,037 2,623,198 Currnnt Assets Assets held for sale Debtors Short tern) cash investments Cash at Bank 152,206 52.302 576,793 9,094 ?90,395 (118,288) 152,206 52,302 40.748 580,506 786,186 33.094 22,958 818,108 849.892 (118.288) (117,829) li 3,713 24,000 27,713 Credltovs- Due wlthln on¢ y•ar 12 Net Current Asgets Total Net Assets 672 107 3 295 305 699 820 225 591 3 548 609 732 063 3 $64 596 Fund• of th• Circuit: Unre5tritted fvnds Re5trlcted funds Endowment fvnds Total Funds 13. 14 13. 14 13, 14 3,295,305 3,295,305 27,713 225,591 225,591 225 591 3 548 609 3,325,309 3.690 235,597 3 564 596 27,713 3 295 305 These financlal statements were approved by the Clrcuit Assembly on behalf by-. Xb3)Ènd 51gned on Its The notes on pages 14 to 25 fonm part ol these financlèl statements. Reyd. B O Sup•rlnt•nd¢nt Illnlst•r and Chalr 01 the Clrcult AJ#*mbly 12 Aire and Calder Methodist Circuit Syatement of Cash Flows for the Year Ended 31 August 2023 Note 2023 2022 Cash nows from op*iating artwviti•$: Net cash used in operatirbg activities 19 195,311) {36.1841 Cash flows from Investln9 •Ltlvltle$: Investment income ￿Ceived Purchase of ffxed assets Proceeds from sale of fixed assets Net cash rovldéd by investing actlvltl 27,929 128,162) 8.971 12,1001 235,010 241,881 (233) Change in cash and cash equlvalents in the year Cash and cash equlvalent5 at the beginning of the year C4sh and Cash￿￿1¥al¢￿ts at the end of the •r (195.5441 809, 144 613,600 205,697 603,447 Cash and cash equlvalents In¢lude: Short term cash investments Cash at bank 580.506 33,094 786.186 22,958 Totsl 613.600 809,144 13 Aire and Calder Methodist Circult Notes to the Financial Statements for the Year Ended 31 August 2023 Accountlng Pollcles The principal accountlng policies adoptedi judgements and key sources of estlm)tion uncertèinty in the preparation of the financlal statemènts are as follows.. Charity information Aire and Calder Methodlst Clrcult Is a charltable trust reglstered wlth the Charity Commission In England and Wales under the reglstered number 1134234. The principal addfftss 15 17 aark50n Court, Normanton. WF6 INH. B•sl$ of prepar•tlon of fin•ncial statements The finandal statements have been prepared In accordance wych the Ststement of Recommended Prdrtlce: Accountlng and Reportln9 by Charities p￿parIng their financial statements In accDrdance with the Financial Reporting Standard applicable in the VK and Republic of Ireland (FR5 1021 and the Flnanclal Reporting Standard ippli¢able the United Kingdom and Republic of Iwlalld {FRS 1021 and the CharitJ"es Art 2011 and UK Generally Accepted Prattl￿ as It applie5 from l January 2019, The finèncial statements are prepared sn sterllng which Is the functional currency of the charlty. Monetary amounts in these financial statements are rounded to the nèarest £1. Alre and Calder MeLhodlst Clrcuit meets the deflnltlon of a public benefit entlty under FRSIO2. Going concern The Trustees have prepared financial projections. taking into considerab.on the current economic dimate and Its potential Impart on the sources of Income and planned expenditure. They have a reas¢nable expettats.on that adequate financlal resou￿5 are available to enable the charlty to continue in operational exlstence for the forweable fvture and have adequate conongency plans In the event that Income stream5 are reduced. Con5eouently the flnanclal statements have therefore been prepèred on the basls that the charity Is a 90ing COr￿rn. Income Income represents all amounts Ylhich become available to the charity but exdudes gain5 Qn invesknTrents. Donatlons are rete9nlsable when the charity becomes entlded to receive the fvnds. when st is probable that the ftjnds will be ￿CeiVed and that they can be Measu￿ with sufficlent accurdcy. Investment Income Is recognised on an accruals basls and comprise5 of interest receivable durlng the accountlng period and galns In market value of investments held during the period. Sale proceeds from the sale of assets not previously capita115ed are shown net of the property levy where there is no ￿placement schemè for those assets. The value of services provlded by volunteets is not included. Grants are recognised In full In the statement of financial artIvI￿¢S in ttte perltsd in whlch they are receivable. Expendlturn Expenditure Is recognlsed in the period In whlch It Is Incurred and Includes attributabfe VAT which cannot bÈ ￿CoVered. Charitable expendlture comprises thosE Costs lrtcurred by the charSty In the deliverance of its activities and services for its beneficiaries. It includes both costs that can be dlrectly allocated to such actlvltle5 and those costs of an indirect nature necessary to support them, Support cDsts include those costs incurred in sUppO￿ng the work of the charfty. 14 Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2023 Accountlng Pollcles (contlnued) Custodion Funds Funds held by the charity as a custo¢ian rru5tee a￿ excluded from the income and expenllture of the charity and the balance held recognised a5 a liability wlthin the flnancldl statements. Fund accountin9 The fvnds hvjd constttute: Unrestrirted general funds held for any purpose of the Circuit which are un￿StrIcted. The Circuit Model TnJst Funé has wide purposes defined in Standing Oréers and is categorised as UnrestriLted. Unrestricted deslgnated funds are held for specific purpose5 as delermlned by the Tmstees. Restricted funds represent grants, dt)n*lon5 and legades recelved whlch a￿ allocated by the donor for a partlcul8r projert or actlvity. Endowment fijnds whlch represent glfts, the capltal normally belng unavallable for spendlngs and the income from which is eiLher restricted or ￿n￿trICted. Detalls of each matertal fund are iscltssed In note 13 to these financlal ststements. Tjngible fixed assets for use by the Circutt A tangible fixed asset Is capitalised if 1ts expected useftsl life exceeds one year, and ctssts El,000 Dr more. The Clrcult Assembly may pro￿de a rea50nabk esrimate of the bulldlngs. current value to the circuit. Propertles have been included at the Trustee5' valuab'on. Tangible fixed a55ets are stated at Cost less depreciation. Freehold land Is not depreciated. Depre(latlon rates.. Office equlpment - 3 year5 Stralght Ilne It continues to te the Circuit's policy not to provide depreciation on freehold property a5, In the opinlon of the Trustees, Its estlmated resldual value at the end of its economic life is expected to be at least carryin9 value so that any depre(iation charge would be immaterial. The Trustees will rrange perlodlc lrnpalrment revlews. Transfer of church bulldlngs Into the drcult Where a church building that Is no IE)nger under the steward5hlp of the ChU￿h but where responsibility for stewardship has been transferred to the circuot following the Closu￿ of the thurth, the followlng accountlng policy will be adopted. The property will be included as a current asset net of any levy and Included In income where an acceptable offer(sl haslhave been made for the buil¢Jing during the accounting period and the sale has crystalised after the year end. Creditorj, loanBi provlslons and grartts payable Creditors, loans and provisions are recognised where the charity has a present obligatlon resulting from a past event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimèted reliably. Creditors and provisions are nom)ally recogrnlsed at their settlement value attÈr allowlno for any discounts whlch may be due. Grants to local churches for property scherne5 and other purposes are accounted for as Ilabllitles when they receive formal approval by the ts"rcuit Assembly. Grants awarded to other charitable bodles are accoLtnted for as liabilities in the period In whlch the award is made. Flnancial Ilablllties are only derecognised when. and only whèn, the charfty's obllgatitsns are discharged, Can￿lled or they expire. Amounts retognlsed as prov15ions are best estimates of the conslderatlon required to settle the present obllgatlon at the reporting end date, tsking into account Ihe risks an¢ ￿n￿rtaIn￿eS Surrounding the obllgalion. 15 Aire and Calder Methodist Circuit Notes to the Flnancial Statements for the Year Ended 31 August 2023 Accountlnq Polldtss {contlnued) Investments Lnvestments are revalued at each period enij to falr value as deterrnined by reference to quoted market prices. Investment income is inclucled in the finanaal statements when receivable and any gains or losses on revaluation at the year end are shown in the SQFA. D•btors and prepaymgnts Debtor5 are recognlsed at the settlement amount. Prepayments are valued at the amwnt p￿PaId net of any dlscount5 ¢Jue. Endowment funds Where the Circuit holds money whlch cannot be spent but must be retained las capitsl) to generate an Income the money or assets to be retained are known as an endowment fund. The capitsl is include¢J in the appropriète column in the Balance Sheet. The income generatecj is restrirted or unrestrlcted depending upon the temis of the endowment. Penslon$ artd staff costs The charity makes payments to the Metho(Jlst Mlnlsters, Penslon Stheme IMMPS) whlth Is a defflned beneht scheme operated by The Methodlst Church. The defined benefit oblt9ation in respect of thls scheme Is that of The Melhodlst Church and not that of the clrcult. Accordingly contrTbutions paid are recognised as an expense In the year to which they relate. The tharity also makes p?yments to the Penslons Trust's Defined Contribution Flexible Ret[￿rnent Plan for those of It5 lay staff who wlsh to Joln the xheme. Flnancial Instruments The charity only hus financlal assets and financlal Ilablllties of a klnd that quallfy as basic finandal Instruments. Basic flnanclal Instrumerbts a￿ Inltially recognlsed at transa¢tlon value antl subsequenvy measured at thelr settlement value with the exception of bank loan5 whlch are subsequeTrdy measureé at armrtised cost using the effective Inte￿$t method. T•xJtlon Alre and Calder Methodlst Clrcuit Is a.reg15tered charlty and as such is a charlty wlthln the meanlng of schedule 6 Df the Flnance Art 2010. Accordlnglyi the Chartty Is potentially entytled to tax exemptSon under part 11 of the Corporatlon Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Att 1992 in respett Of income and gains arfjsing. 2. Crltlcal Accountlng Estlmates Judgements In the application of the charity's accountln9 pollcles, the Trustees are requlred to make Judgements, estimates and assumptlons about the carrylng amount of assets and liabilities that are not readily apparent from other sources. T.he esiimate5 and associated assumptions are baseiJ on historical eXpe￿enCe and other fart¢rs that are consldered to be relevant. Artual results may differ from these estbmates. The estimates and Ltnderlying assumptions a￿ reviewed on an ongolng basls. Revlsions to accountlng estlmates are recognised In the pertod in whlch the estlmate is revised, if the revislon affects Only that perlod. or in the period of the revision and futurt perlods if the reviston affects t>oth current and future periods. The follo¥Yln9 accountlng pollcle5 represent a crttical accounting estlmate: It continues to be the Circuit's pollcy not to prDvide depreciation on freehold property as, In the opinion of the Trustees, its estimated residual value at the end of its economic life Is expected to be at le85t carrying value so that any dep￿cl&tion charge would be immaterial, The Trustees will anBnge periodic impalrment rev5ews. 16 Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2023 Zncom• from Charftsble Actlvltl•$ 2023 Totsl 2022 Totsl Transfer frorn Circult Churche5 Dlstrtct 9_rants 152,206 213,848 201 206 229 348 Total Expendlture 2023 Total 2022 Total Co¥ts dlr•ctly all¢Jrated to charltable actlvltl¢s: Stipen¢Js, salaries, Natlonal fnsurancÈ and penslon costs (note 5) Distrlct levy Connexional proority fund levy Dlstrirt TMCP levy Jnsurance, utilities etc Maintenance on rnanses Depreclation Expenditure on c*ther circuit property Admlnlstration Mission support other staff expenses Grants able 371,679 130,588 414,280 135,324 123.550 23,779 30,590 21,551 700 17.647 5,383 15,441 5.164 31,688 40,516 26,682 85,128 700 49,988 10,317 14,450 2 1,413 30,576 152 306 934 343 Note 17 Support Costs: Audit and atcountanc Tot•1 e￿endItUre on ch•rlt•bi• ?rtl¥l 8,40D 942 743 914 567 Mlnlster and Lay Stsft Jnformation The average number Df clergy and lay staff, analysed by functlon was.. 2023 2022 aeryy La staff 12 14 17 Alre and Calder Methodist Circuit Notes to the Financial Ststements for the Year Ended 31 August 2023 Mlnlstsr and Lay Staff Jnformatlon (contIny￿) Minister and lay stsff costs durfng the year were as follows: Cler9y Lay •t•ff 2023 2023 Tot•l 20223 Cl•r9y Lay staff 2022 2022 Tot•1 2011 Wages and salarles Soclal securtty costs Pension costs 207,050 53,724 80,109 6,163 287,159 59,887 232,964 22.859 85.970 .6.046 318.934 28,905 280,922 90,757 371,679 317,378 96.902 414.280 There were no unpaid pension IlabS1itses as at 31 August 2023 {2022 - none). No employee5 eamed £60,000 or more durfng the year12022 - no empltsyees). The thartty conslders its key mana9ement personnel to be the arojlt Mlnlsters and the Circuit Stewards. None of the Circuit stewards received remuneration from the charlty (2022 none). The remuneration of the Clrcuit MinistetE is set out Jbove (clergy) wlth fvrther detalls set out In note 16. Trustoa$' Remuneration and Tru*t••s' ExpenM* There were no expenses pald to Trustees durlng the year other than those referred to In Note 16. All ministers, expenses were incurred in Carying out their roles as Minlsters. Infom￿10￿ on remuneration pald to Trustee5 Is Included In nots 16. N•t Expendlturn Thls Is •t•ted aftor ¢harglng: 2023 2022 Auditorfs rernuneradon: Audlt Account&n 5,000 3,200 T•nglble Flxed Assets Freehold Property Equlpment Land Total Cost or valy•tion: At I September 2022 Additlons Disposals At31Au 2,100 40,000 2,543,299 28.162 2,585.399 28.162 ust 2023 2 571 461 2 613 561 O¢preclatlon: At I September 2022 Ch¥rge At31Au 700 700 700 700 ust 2023 N•t book valu• at 31 A￿￿U￿t 2013 Net book v•lue !t 31 Au9U_St 2022 700 2 571 461 2 543 299 2 612 161 2 584 699 Freehold property constitutes the Manses, including the land on which they are built, and thelr Internal contsnts. 18 Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2023 Investments Market value at 31 August 2022 Realised and unrealised 1055es Market Value at 31 Au ust 2023 235.597 10 0061 225,591 Investment5 include unitised fvnds held In the Managed Mixed Fund admlnistered by the Central FInan￿ Board of the Methodist Church. The historical cost of Investments held at market value was £151, 11212022 - £151, 112). 10. Long Terni Loans In July 2020 the Circult Assembly made a loèn of E5,000 to The Methodist Church. Yorkshlre West Distrirt, to further the work of the Leeds City Methodist Mission and a fvrther £437 was added to thè balance on the closure of Woodlesford Methodlst Church. The loan will be repald, without Inte￿SL between 2025 and 2030. In June 2022 the clrcult madè a long terrn loan to Horbury Methodist Churth of £5,000. A fvrther balance of £1,800 is due frorn Parkside Methodlst Church with £600 of this amount being due over one year. 11. Debtors 2023 2022 Pre rnents and other debtor5 S2,302 12. Credltor•: Amounts Falllng Du• Wlthln or￿ Yur 2023 2022 Assessments in advance Credltors and accruals 34 873 117,829 118,288 19 Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2023 Mtsvèment In Funds For the y•ar •nd•d 31 August 2023: Balanc• I September 2022 other B•l?n¢• Expqndltwe galns / TrnI￿lar¥ 31 August (lossa) 2023 In(x>m• Unrestricted funds: General fvnd5 Total 3,325,309 3 32S 309 880,732 880 732 {912,88Ql 2,144 3,295,305 2 144 3 295 305 Restricted fund•: Jubllee fund 820 820 District grants Wakefield Mèthodlst Junior and Infant School Various bwutssts.. Thomas Holmes Henry Gundhlll glft J.W.Wi1son Esq Total restricted fund* 49,000 (25.0001 24,000 614 50 664 506 978 772 3,690 16 29 25 49.120 (i) (3) (2) 125,0061 521 936 772 (40) (28) 123) (51) Permanent end¢>wment'. Harold Spelght Mernorlal fund Totsl funds 235 597 3,564 596 225 591 3 548 609 936 802 942 743 Trdn5fers.' The transfer between restrfirted and unrestritted funds rep￿sents the bèlante of funds transferr8d from the restrlrted and endowment fund5 after the deductlon of administratjve fees. In the case of the Harold Speight Memorial fund payments a￿ made from general funds in accordance wlth the terrrs of the eNJowment as oudlned below. Purp￿¢ ot Deslgnated Funds: Mission anql Minlslry Pund - The Mission and Mlnistry Fund was set up from a transfer from the Model Tnjst Fund In 2018119 to partly fund increase in Ministry in the form of a Probationary P￿$byter In the years that f(Jllow. The balano was trdnsIe￿ed to general unrestricted funds In the year. Purpose of R•strlrt•d Fund$: Dl#trfet Grant8- Thls are grants towards the salary Costs of support worker5. Jubllee Fund - This Is a grant fmm the District towards projects to marf( the Dlamond Jubllee Wakefield M•thodlst Junlor and Infant School children ot the school. Purposo of Endowment Funds: This 15 a fund to Stjpport dlsadvantaged Harold Speight Memorial fund - Th15 fund repre5ent5 the Income recelved from the permanent endowrnent. This income Is spent on runnlng the annual Joseph Winter Lecture. Any excess of income is then evenly distributed between the Circuit, Crigglestone Methodist Church and Flanshaw United Reformed Church. 20 Aire and Calder Methodist Circuit Notes to the Flnanclal Statements for the Year Ended 31 August 2023 13. Movement In Vunds (￿ntInued) For tho y•at *nd•d 31 August 2022: Balance Other Balance I Septambar Inrome txpendltum oaln$ l Trnnsfer$ 31 August 2021 (los$es) 2022 Unrestrlcted fvnd$," General funds Designated funds: Ministry and Misslon Total 3,275.288 870,754 (895.366) 65.010 9,623 3,325.309 8,000 3.283,288 (8,000) 1,623 3,325,309 870 754 .1895,366). 65,010 Restricted funds: Jubllee fund Dlstritt grant Wakefielty Methodist Junltsr and Infant School Varlous bequest&" Thomas Holmes Henry Gurtdhill gift J.W.Wilson Esq Tot•1 r•strlct•d fuDdA 3,000 12,500 (2,1801 (12,500) 820 514 loo 614 505 1,043 785 2.847 (i) (31 (2) (14,6667 506 978 772 25 {6S) (22) (14) 15,630 (65J_ 3,690 Pernianent endowmant.. Harold Speight Memorlèl fund 251 390 3 537 525 235 597 3 564 596 Total fund$ 892 486 914 567 14. ArkalyslA of Not As*ets by Fund As at 31 Aiigust 2023 Unr•strlct¢d fund$ Restrlcted Endowment funds fund$ Total funds Fixed assets Long term debtors Net current assets 2,612,161 11,037 672 10? 225.591 2,837,752 11,037 699 820 3,295,305 225,591 3 548,609 A$ #t 31 August 2022 Unrestrlcted funds Restrl¢ted Endowment funds Funds Tot•1 funds Fixed assets Long term debtors Net cvrrent asset5 2,584,699 12,237 728,373 3 325 309 235,597 2,820.296 12,237 732 063 3 $64 596 235 597 21 Aire and Calder Methodist Circult Notes to the Financial Statements for the Year Ended 31 August 2023 15. Trustw• The fdlowlng Trustees have held Offi￿ since I September 2022: Mr5 Doreen Abson Mrs Rosalyn Ash Mr5 Janet Atsck tioined 3110612023) Nr5 Jo4n Beevers Mrs Carole Blanshard Mrs Lorraine Brown Mrs Pam 8uryess Mr Tan Chippendale Mr John aaybrough (reslgned 1210612023) Revd Robert Cotton Mr Mike Dixon Mrs Loma Dobson Mrs Ma￿aft Dunford Mr Petw Ellis Mr Tom Ferguson Mr Peter Firtnernn Mrs Ann Freer (reslgned 0910712023) Revd R(rth GJlson-Webb (resigned 3110812023) Mrs I￿ta Grlce Mrs Helen Flèrding Revd James Heap Mr David Hebden Mrs Hlnde (￿Igned 1210612023) Mr Andrew Howard Mr5 Mollle Jefferson Mr Peter Johnson Mrs Margaret Jones Revd Jacob Kaiga Mr Nigel Kell Mrs Judlth Ker5haw Mr Davld Lane Mr Kelth Naddey Mrs Gillian Marley Revd Hugh McKee Mr Francis Mwab43 Mr John Netherwood Revd Rex Owen Mrs Chrtstlne Pattistsn Mrs Lynne Preclous Mr Sean Qulnn Mr Colin Redman Mrs Sandra Ride Mr Mlchael Robert5 Mrs Val Rushton Mrs Bemice Sharp (re51gned 1310212023) Mr5 Carole Shaw Mrs Janet Smlth Mr Wllfred Smlth (reslgned 0810312023) Mrs Pat stead Mr Nigel Storey Mrs Vera Sudworth Mrs Kathy Swales Mr5 Christine kklndose Revd Andrew Atkins tiolned 0110912022) Mrs Janet Barden Mrs Maryaret Bendle Mr5 Val Brook Mr5 Esme &Jlmer Revd Andrew Cheddey (Reslgned 3110812023) Mrs Hazel Chlvers Mrs Julie Copley Mrs Maureen Dawson Mr Kevln Dobson Mlss Maryaret Dodd Mrs Bethan Oyson Mrs Lyndsey Evans Mrs Rosalyn Fleld Mr Andrew Freer (restgned 0910712023) Mlss Mollle Garbett Revd Trevor Grewcock Mrs Christlne Gnjndv Mr Rlchard Hayes Revd Sandr¥ Heap Or Brfan Hill Mr Steven Hlndle Mr Robert Ince Mr Barry Johnson Mr Keith Jones Revd Naoml Kalga Mr Gordon Kay Mrs Susan Keffjh Mrs Unda Knapper Mr jonathan Madeley Mrs Janet Marsh Mrs June McBurney Mrs Dorothy Metcalfe Mrs Katerlna Nelson RÈvd Bary Owen Mr5 Marflyn Owens Mr lan Pattison Mrs Sally Prlce Mr Ajan Redgwlck Mr Colin Ride Mrs Margaret Robert5 Mr5 Doreen Rowley Mr Anthony Sadler {deceased) Mr Malcolm Shèrp (resigned 1310212023) Mrs Loma Slmpson Mr Richard Srnith Mr Mark Stalnburn Mrs Deb Storey Mrjohn Sudworth Mr Jeffery Swales (resigned 3V08120231 Mrs Carol Sykes 22 Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2023 JS. Trustee$ (Contlnued) Mrs Pam Tumer Mrs Elaine W411 Mrs Ltsa Wdls Mr Roger Whitworth Revd Klm Wllllams Mr Donald Woolley Mr Rodney Young Mrs Marga￿t Thompson Mr Chrls mnker Mr Stephen Tumer Mrs Ruth Walton Mr Mlthael Wheatley Mr Alexander Whyte Mrs Susan Wood Mr Roy Womald Revd Laurence Tumer (deceased) Mrs Meg Towle 16. Related Party Transaeuons Minlst¢rs Stlpends and allowance5 for Presbyters and Deacons Icollect5vely Mlnlsters) are set annually by the Methodist Conferen￿, and the Circuit is ￿spOnSible for rneeung those costs for all Ministers 5tatloned by the confe￿nce In the Clreult. The followlng Mlnlsters recelved the basic stipend of £27,10412022 £25,824)= Revd A Chetkley Revd IU Drost Revd MD Jones Revd N Kaiga Revd K Williams Revd R Cotton Revd RE Grlson-webb Revd J Kalga Revd B Owen All were provided with living accommodation a5 required by. the church's standing orders. In addition to the baslc stlpend the followlng Connexlonally agreed addltlonal allowances were pald,. Revd B Owen sUpe￿nten(1ent Minister's allowance £2,710 (2022 £2,S82). Loc•1 pr•ach•rs The 17 Local Preachers who are also members of the Clrcuit A&sembly were pald preacl)Ing fees amounting to £1.570 in total (2022 - 15 preachers were pald É1,505). Supernumerari The 4 Supemumeraries who are also members of the Circuit Assembly were paid kn and travelling expenses amountlng to El.050 (2022 - 4 Supernumeraries were pald £1,025}. Other paym•nts Durlng the year no Trustees claimed travel eKpenses {2022 - 1 Trustees daimed £130>. During the year Stevon Hindle la trustee) carried oul repair work on manses )nd received payment of £50 (2022 - £242). Lyndsey Evans. a trustee, is employed by the ¢ir¢uit as EJ children ond families worker. Her total remuneratSon Induding penslon contrfbutlons In the year was £28,299 12022 - £24,912}. 23 Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2023 17. Grants Pald Durlng the year the tha￿tY awarded grants to the followlng.. 2023 2022 Grant$ to Ir•stOtutlons: Airedale Methodist Church South Emsall Par15h Nurse Jubileè grnnts Grant for prl$Dn hymn book5 Sandal MC towards Youth workers Envlronmental 9rants Horbury Churches Together Youth Project (in supFort of youth work) Trlnlty Mlsslon Wakefield Methodist Junlor & Infants SthDoI Trlnlty Mlsslon Ropewalk boiler Rothwell projector South Em5all Not4ce 8oard Klppax Roof Lofthou$e Boiler Normanton Doors Parkside Roof Portefrnrt roof and signage Klngsvrfay AV 5YStem Wrenthorpe Notfi￿ Board Upton Scheme Crigglestone door and roof 11.250 9,000 8,000 2,180 332 2,500 27,398 4,000 30.000 19.2S8 2,000 200 30,000 11,448 3,000 1,952 4,000 5,000 2,000 6.000 4.308 4,885 1,141 41,439 152,306 83.410 l& Fundg h￿rf •* (wstodl•n The ctta￿ty acts a5 Custodlan Trustee for the fvllowir#J funds: Methodlst Women In Brttaln Benevolent fund MAYC Fund Movement in these fvnds a￿ elimSnated during the p￿pa￿tIOn of the financial statements and any year end balances held are recognlsed both ill cash and as a Ilablllty. The total arnount held In these funds at the ¥eaTr￿d was £9,012 12022 - £8,688). 19. t4et Cash pmvided by Optr•tln9 ActMtle8 2023 2012 Net movement In funds Gain5 on r￿ed a55ets Losses on fixed a55et investments Income from investments Depreclatlon (Infftase} in deL•tors A55et held for sale Increase In creLlltors {15,987) 27.071 165,010) 15,793 18.9711 700 (13,944) 10.005 127,9291 700 110,3541 IIS2,205) 459 1195.311) 8,177 (36,184) 24 Aire and Calder Methodist Circult Notes to the Financial Statements for the Year Ended 31 August 2023 21. eofflpAratlve Statement of Financlal Acllvltle& for the Year Ended 31 August 2022 lunds Tot•1 2022 Funds Funds In¢om• and •ndowmgnts lrnrn: Donathons- asse55menr Qf share Charitable activltiÈs .Other tradln9 activ6tles Investments Other income Totsl Incom• and •ndowments 616,812 213,848 23,950 3,839 13,305 8?Q 754 loo 616,912 229,348 23,950 8,971 13,305 892 486 15.500 30 6, 102 Exp•ndi¢ure on: CharrtstrAe AtthfitiÈs Tot•1 ex endlture 895,366 895 366 14,686 4,515 914,567 914 567 Net (oxp*ndltur•>/lneome bthlre oth*r recogn16ed ylns Galns on dispo$al cf fixed assets Realised and unrea115cd (losses) on investments Tr•nsleN between fuNIs N•t mow•m•fit In (24,612) 944 1,587 122.0811 65,010 65.010 115.8581 165} (361 B43 IIS,793} 11,5871 1,623 Reconciliation of fund•: FU￿15 brovsht for%Yard Fund$ carrled forward 3 283,288 3.325 309 251.390 3 537 525 235 S97 3 S64 S96 25 ## Aire and Calder MC - RI signature Final Audit Report 2024-03-26 Created: 2024-03-26 By: Tracey Jukes (tracey.jukes@azets.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAmmuQYYdiGxIc_IEMFtzO38iiaP9iDiQZ ## "Aire and Calder MC - RI signature" History Document created by Tracey Jukes (tracey.jukes@azets.co.uk) 2024-03-26 - 11:57:47 GMT- IP address: 18.133.231.242 Document emailed to Jessica Lawrence (Jessica.Lawrence@Azets.co.uk) for signature 2024-03-26 - 11:58:39 GMT Email viewed by Jessica Lawrence (Jessica.Lawrence@Azets.co.uk) 2024-03-26 - 13:31:52 GMT- IP address: 104.47.1.254 Document e-signed by Jessica Lawrence (Jessica.Lawrence@Azets.co.uk) Signature Date: 2024-03-26 - 13:32:17 GMT - Time Source: server- IP address: 18.171.134.246 Agreement completed. 2024-03-26 - 13:32:17 GMT