Regl$t¢red Ch)rlty Number: 1134234 Alre and Calder Methodist Circult Trustees. Annual Report and Financial Statements For the Year Ended 31 August 2024
Aire and Calder Methodist Circuit Contents Page Charlty infomiatlon Report ofthe Trustees........................ Independent Auditor's Report . Statement of Flnanclal Actlvlties 12 Balance Sheet.................................................................................................. 13 Statement of Cash Flows................................................................................... 14 Notes to the Financial Ststernents...................................................................... 15
Aire and Calder Methodist Circuit Charity information Charity Reglstration Number.. 1134234 Circuit Number: 27117 The Ctrcuit comprises 26 churches at 31*t August 2024: Ackworth, Airedale, Altofts, Crigglestone, Feather5tone, Horbury, Kippax, Lindale, LofthDLJSe, Newmillerdam, Normanton, Pontefract, Parkside, Ropewalk, Rothwell. SanLlal, Streethouse, The King's Way, Trinity Castleford, Trinity Netherton, Trinity South Elmsall, Trinity Wakefield, Upton, Walton, West Wakefield and Wnthorpe with an online service from Methley Superintendent Minlster: Revd. Barry Owen 17 Clarkson Court Normanton WF6 INH Clrcult Office: The Methodist Church 253 Barnsley Road Wakefield WFI 5NU Clrcult Treasurer: Mr JM Roberts Trustees: All members of the Circuit Meeting are Trustees and are Ilsted in Note 15. Clrcult Mlni5ter5 (full time): Revd. Andrew Atkins Revd. Rob Cotton Revd. Chris Holmes Revd. Naomi Kaiga Revd. Jacob Kaiga Revd. Barry Owen Revd. Kim Williams other appolntments: Lyndsey Evan5 Children and Families Worker Paula Ridley - Mission Activities Co-ordinator Heather A Turner - Circuit Administrator Jennifer Ashby - Lakeside Development Worker lane Marriott - Dementia Worker (from l August 2024)
Aire and Calder Methodist Circuit Charity information (Continued) Clrcult stewards: Mr Tom Feryuson Mr Barry Johnson Mrs Judith Kershaw Mr David Lane Mr. Brian O'Shaughne55y Mr lan Pattison Mr J. Michael Roberts Bankers: Virgin Money 6-10 Northgate Wakefield WFI ITA Investment Managers: Central Finance Board of the Methodlst Church 9 Bonhlll Street London EC2A 4PE Trustees lor Methodist Church Purposes Central Buildings Oldham Street Manchester MI IJD Audltor: Azets Audit Services Limited 12 King Street Leed5 LS1 2HL
Aire and Calder Methodist Circuit Trustees. Annual Report for the Year Ended 31 August 2024 The Trustees present their annual report with the financial statements of the charity for the year ended 31 August 2024. The financial gtatements have been prepared in accordance with the accounting PL)licies set out In Note I to the financial statements and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparlng their financial statements in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland. Reference and Administrative Detsils The Charity Information on page I forms part of this report. strurture, Governance and Management The Governing Document: Deed Of Union 119321 and Methodist Church Act119761 Constituted: Act of Parliament Selection of Trustees: Appointed by local churches and exlsting Trustees Ministers are automatically Trustees strurture: Part of the Yorkshire West Distrirt of the Methodist Church Accountable to the Methodist Conference Rlsks: Considered by the Leacler5hip Team Take professionol advice when required Adopted safeguarding Policy All the affair5 of the circuit conform to the standing orders set out in The Constitutional Practice and Discipline of the Methodist Church (CPOI. Circult Meeting.. It meet5 three times a year and its constitution is set out in CPD ISO 510). In 2023-24, 120 people served at sometime during the year as Trustees. Circuit Leadership Team: It deals with matters delegated to It by the circuit meeting, offers guidance to the circuit and constantly reviews the personnel, property and financial resources of the circuit. Circuit stewards: Nine circuit stewards have been appointed with the following areas of responsibility.. Senior Circuit Steward, Human Resources I p5b¥terS and Deacons), Human Resources (Lay Appointments), Children and Young People (vacantl, Church Life and missionlvacantl, Finance, Missions, Property Safeguarding and GDPR and Circuit Meeting Secretary. Pay Pollcy for Mlnlsters Stipends and allowances for Presbyters and Deacons (collectively Ministers) are set annually by the Methodist Conference, and the Circuit is responsible for meeting those costs for all Ministers stationed by the Conference in the Circuit. Rlsk Management The Trustees have carried out ongoing assessrnents of the charity's artivities setting out the major opportunities available to the charity and the risks to which it is exposed. These risks are Identified by the Circuit Executive and are risk assessed.
Aire and Calder Methodist Circuit Trustees. Annual Report for the Year Ended 31 August 2024 {continued) structure, Governance and Management (contlnued) The princlpal rlsks and uncertainties faced by the charity at the time of writing are as follows.. The cost of ongoing maintenance and refurb15hment of circuit property; The possible reduction in the future of the number of Ministers covering the circult's 26 churches,. The risk of a church defaulting on its assessment. The Trustees have con51dered their responsibilities under legislation including health and safety, employment law and safeguarding. Systems and procedures have been implemented to manage specific risks that have been Identified, including training for all appropriate persgns as necessary. Volunteers Aire and Calder Methodist Circuit is supported by a team of active volunteers. The charity is grateful to all volunteers for the skills and SLJPPOrt they so willingly bring to the charity. Objertlves and Activities The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancemeF)t of.. a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church; b) Any charitable PLJrpose for the tirne being of any Connexlonal, District, Circuit. local or other organisation Df The Methodist Church,. c) Any charitable purpose for the fime being of any society or institutlon subsidiary or ancillary to The Methodist Chvrch; d) Any purpose for the time being of any charity being a charlty subsidiary or ancillary to The Methodist Church. When reviewing the aims and objectives of the charity, and in planning future activities, the Trustees have complied Y4ith the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Mission statement The Aire and Calder Circuit is committed to.. lal Worship: to increase awareness of God's presence ané to celebrate God's love; Ibl Learning and Carin9.' to help people to grow and learn as Christians, through mutual support, care and stLJdv,' Icl Service.. to be a good neighbour to people in need and to challenge injustice; {dl Evangelism.. to make more followers of Jesus Christ. Resourclng misslon The Circuit will use resources for creative, imaginative, misslon based project5. These may be paid by the charity in the forrn of grants to external parties. Whilst committed to ensuring that every church receives suitable pastoral care it will endeavour to give appropriate support to churches that demonstrate they are OLtrtward looking, mission focused, not averse to risk taking and where possible and appropriate seeking to work in partnership with others.
Aire and Calder Methodist Circuit Trustees. Annual Report for the Year Ended 31 August 2024 (continued) Achievement$ and Performance Following the turmoll of the pandernic and the recovery that was needed in all our churches, the year was relatively quiet but busy. We had already said goodbye to AndW Checkley and welcomed Chris Holme5 as a pfDbatsonary presbyter. The reduction in ministers nationally has meant that we were unable to get back to the number of presbyters we had a year or so ago. It has leé to ministerial oversight being changed again. Chris Holmes took on Ackworth, Featherstone, Trinity South Elrnsall and Upton, whilst Naomi Kaiga took oversight of Airedale, Kippax and the online church from Methley shared with Barry Owen, whi15t Jacob Kaiga took Horbury, Rothwell and Alldrew Atkins took Ropewalk and Trinity Netherton. The lay staff Initially malne the same but late in the year, Jane Marriott was appointed as a Dementia Worker. As reported last year the District has Identified Pontefract as a place to launch the Connexion's "New Places for New People" scheme in the area. Funds are being made available both from the Connexion and the Distrirt over a 3 year period. A Pioneer Listener and Shaper, David Buck, was appointed during the year. The scheme Is about a new plate. alongside Pontefrart Methodist Church. to reach out to all the diverse people living in the community. Consideration is belng given to the neeLls of the Community and this will be a new place of mission alongside the Pontefract Church. During the year Stanley Methodist Church, which closed for worship last year. was sold and also the Kippax manse was placed on the market and sold. A new manse was purchased in Sandal to replace the one In Magna Grove which has now been put on the market. the managing trusteeshlk) of 12 Wentworth Park Rise, Darrington. was transferred to the Yorkshire North & East Methoéist District. Throughout the year the chUeS In Pontefract, Tanshelf Drive and Micklegate, have been worshipping together on both sites on alternative Sundays. This has now ceased with the two churches merged into one, and Micklegate has been put on the market. Oxford Place, Leed5 has been sold and the loans made to the District by churches and the circuit were retumed. The development of Newmillerdam to form the -Lakeside Creative Arts Centre" continues to progre55. A contrart Was signed during the year and the works programmed to be completed by Christmas 2024. Work with Children and Families is very busy. Schoo15 work includes Open the Book collective worship in schools as well as schools visiting churches to think about things like Christmas and Easter. There are also a number of schoo15 engaging in Prayer Spaces and the John Wesley Lifepath work. Within the circuit many activities continue to happen inclutjing the annual camp, district weekend and 3Generate weekends, where we have a number of our churches represented ané generally have about 40 yOLJng people participating from across the circult. An intense annual week long 'Wesley Life Path. which reaches out to schools across the circuit who visit the church for the day leaming about the foundations of Methodism. There ère also a number of smaller attivities for our young people to attend. The Circuit has been Involved with other churches in Èxamining how a Christian presence can be achieved In City Fields a major housing develc>pment alongside a significant link road to the East of Wakefield. A decision has been made to purchase a manse in the area, as a first step in providing some sort of physical presence. Circuit Prayer Walks took place during the year visitlng all the churches in the Circuit. A Circuit Bible Study was helé reading Mark's Gospel with feedback meetings taklng place around the Circuit. A day Df spiritual food, physical food and social food, involving a talent show took place which proved to be very successful. Tnnity Mhssion (Hope Centre) continues to provitle a valuable service to the community throug their food bank, clothing bank and hot meals and are welcoming MO guests each week. The Centre alsri offers advice and support to their yue5ts, working with other Agencies. the Centre hopes to help with their guests, mental and physical health, including addittion.
Aire and Calder Methodist Circuit Trustees, Annual Report for the Year Ended 31 August 2024 (continued) Churches in the Circuit held meetings to dlscuss the future of their situation and how that can be made even more robust. They have been encouraged to look at whether the building and premises are suitable for purpose and appropriately sized such that church efforts are focus5ed out and not on the building. In addition those churches that are doirbg well at present wyere encouraged to identify any potents'al vulnerabilitles if something major were to happen, These studies were for the Church and the Minister to note. We have continued to.. support the mission of the Methodist Church- bring manses up to an acceptable standard ICPD Book Vll A, part 2),. maintain a strong relationship between the circuit and the Methodlst School in Wakefield, and with other schools, malnly through morning assemblies,. and make grènts to Horbury Chijrches Together Youth Project. Rev. Jacob Kaiga's Kenya Projett Ossett Boys Brigade The Cross Project. Trinity Mission and to several Churches for, Doors, Boilers, Noti Boards. AV Systems and Environmental Schemes. Financial Review The Statement of Financial Attivities shows net expenditure for the year, befo net gains / losses on investments, of E 113.052 {2023 net expenditure of £5,941) and the total reserves at 31 August 2024 stand at £3.588,077 12023., £3,548.609). The Trustees consider the financial positlon to be satlsfattory. Principal funding source5 for the year to 31 August 2024 are the assessments received from the churches Wlthin the Circuit, distrirt grants and rent5 from four lettings. The principal item5 of expenditure are Ministers, stipends. staff salaries, the district levyi and manse repairs and improvements. The Trustee5 have a Reserves Pollcy whereby unrestrirted Fund5 are held in the current account at the Virgin Money,. the Deposit Account at Methodist Chapel Ai¢J' the Deposit Fund of the Central Finance Board,. and in the Circuit's Model Trust Fund with TMCP. The Circuit has considered the advice from the Charity Commission with regard to the level of reserves it should hold under the relevant SORP. It aim5 ideally to hold in reserve sufficient money in its unrestricted Funds to cover three month's general expenditure i.e. about. £257,000. The reasons for this are.. ) The clrcuit needs a reserve as worklng capltal to cover normal running costs. b) It maintains 7 manses and it needs sufficient reserves to cover any emergency expenditure. c) There are 26 Churches in rhe Clrcult and it needs sufficient reserves In case one or more cannot rneet their annual assessment,. and d) The circuit employees 5 lay workers, some supported by external grants. and it needs sufficient reserves to cover their salary/redundancy costs if necessary. Where reserves vary from this level, the fi'gure will be Ported to the Circuit Leadership Team for action to be taken, if considered necessary, to rnedY the positlon. At 3 1 August 2024 the free reserves amounted to £692,034 whith is above the minimum level.
Aire and Calder Methodist Circuit Trustees. Annual Report for the Year Ended 31 August 2024 (continued) Plans for the Future To agree a new Vlsbon Statement and produce a five year plan. 2. To support major redevelopment schemes as fvnds become available. 3. To continue to support the development of the mi55ion of the churches 4. To conts.nue to support Hope Centre Trinity Mission. 5. To support and develop the scheme at Newmillerdam to form the Lakeside Creative Arts Cent. 6. To work with the Distrirt on the New Places for New People Scheme in Pontefract To work with other Christian Churches In developing a Christian pSenCe in City Fields 8. To wcsrk toward an environmental target in 2030 of being carbon zero. Funds held as custodian on behalf of others The Charity acts as custodian Trustee for the funds listed in note 18. These funds are eliminated during the financial statements preparètion. The safe custody and segregation of this income was achieved by creating separate proj.ects in the charity's book-keeping system so that all income and expenditure can be clearly accounted for and audlted. Trustees, Responsibilities The charity Trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law akiplicable to charities In England and Wales requires the Circuit Meeting to prepare financlal statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the net income or net expenditure Df the Charity for that period. In preparing those fi.nancial statements, the Circuit Meeting has-. selected suitable accounting policies and applled them conslstently. observed the methods and principles In the applicable Charities SORP,. made judgements and estimates that a reasonable and pnJdent,- stated whether applicable accounting standards have been followed, subject to any material departures disdosed ancl explained in the financial ststements; and prepared the financial statements on the going concem basis unless it Is inappropriate to presume that the charity will contbnue in business. The Circuit Meeting is responsible for keeping records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations. It Is also responsible for safeguarding the assets of the charity and hence for taking steps for the prevention and detection of fraud and other irregularities,
Aire and Calder Methodist Circuit stjtement of Disclosure of Informatlon to Auditor The Trustees of the charity who held office at the date of approval of thls annual report conflnn that.. so far as they are aware, there Is no relevant audit infomiation, information needed by the charlty's audltor in connertion with preparlng their report, of whlch the charity's auditors is unaware., and they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of this information. Approved on ....... and signed on behalf of the Circuit by: Revd. B Owen Superintendent Mlnlster and Chair of the Circult Meeting
Aire and Calder Methodist Circuit Independent Auditor's Report to the Trustees of Aire and Calder Methodist Circuit for the Year Ended 31 August 2024 Oplnlon We have audited the financlal statements of Al and Calder Methodist Circuit for the year ended 31 August 2024 which cornprise Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows, and notes to the financial statements, induding a sumrnary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Stan¢Jard 102 The Finallcial Reporting Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practlce). In our Dpinion the financial statements: give a true and fair view of the State of the charity's affairs as at 31 August 2024, and of its incoming $oUrCeS and application of resL)urees, for the year then ended- have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Prartice: ané have been prepared in accordance wlth the requirements of the Charities Act 2011. Ba$ls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's sponsibillties for the audit of the financial statements sectbon of our report. We are independent of the charity in accordance with the ethical requirements thal are relevant to Dur audit of the financial staternent5 in the UK. including the FFiC's Ethical Stanéard, and we have fulfilled our othor ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide 3 basis for our opinion. Concluslons relatln9 to going concem In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material unrtaintieS relating to events or conditions that, individually or collectively¢ may cast signifbcant doubt on the charity'5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wlth respect to going concern are described in the relevant sections of this report. Other Inforniation The Trustees are responsible for the other information. The other information comprises the information induded In the Trustee's Report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any forn of assurance conclusion thereon. In eonnectlon with our audit of the financlal statements, our responsibility is to read the other information and. in doing so, consider whether the other inforrnation is materially inconsistent with the finantial statements or our knowledge obtained in the audit or otherwise appears to be materially mlsststed. If we identify such material intonsistencies or apparent material mi55tatements, we are required to determine whether there is a material misstatement in the financial statements or a material m155tatement Of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other infom)ation, we are require¢J to report that fact. We have nothing to report in this regard.
Aire and Calder Methodist Circuit Independent Auditor's Report to the Trustees of Alre and Calder Methodist Circuit for the Year Ended 31 August 2024 (continued) Matters on whlch we are required to report by exception We have nothing to report in respect of the followirbg matters In relation to which the Charities (Accounts and Reports} Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respett with the Tru5tees' Report,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting cOrdS,. or we have not received all the information and explanations we require for our audit. Responslbilities of the Trustee$ As explained more fully in the Trustees Responsibility Statement, the Trustees are responsible for the preparation of financlal statements which give a true and fair view, and for such internal control as the Trustees determine is necessary tts enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the thaty,5 abllity to continue as a going concern, disclosing, as applFcable, matters related to going contrrn and using the going concern basi5 of accounting unless the Trustees either Intend to liquidate the charity or to cease operations, or have no reallstic alternative but to do so. Auditor's responsibilities for the audit of the flnancial statements We have been appointed as auditor under Section 144 of the Charities Act 2011 and report in ccordance with regulations made under sertion 154 of that Art. Our objettives are to obtain reasonable assuran about whether the ffinancial statements as a whole are free from material misstatement, whether due to fraud of error, and to Issue an auditor's report that includes our opinion. Reasonable a55urance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always ¢etect a material misstatement when it exists. M155tatements can arise from fraud or error and are considered material if, individually or In the aggfegate, they could reasonably be experted to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financiel Reporting Council'5 webslte at.. svww.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's pOrt. Extent to which the audit was capable of identifying irregularlties, Including fraud Irregularitie5, Including fraud, are instances of non-compliance with la%vs and regulations. We design procedures in line with our responsibilities, outlined above an(J on the Financial Reporting Council's website, to detect material misstatements in re5pert of irregularities, including fraud. We obtain and update our understanding of the entity, Its activities, its control environment, and likely future developments, including tn relation to the legal and regulatory framework appli¢able and how the enrity is complying with that framework. Baseé on this understanding, we identify and assess the risks of material mi55tatement of the financial statements, whether to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideracion of the risk of acts by the entity that were contrary to applicable laws and regulations, Including fraud. io
Aire and Calder Methodist Circuit Independent Audltor's Report to the Trustees of Alre and Calder Methodist Circuit for the Year Ended 31 August 2024 (contlnued) In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedu5 which included.. Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud,. Reviewing minutes of meetings of those charged with governance. A55essing the extent of compliance with the laws and regulations considered to have a direct material effett on the financial statements or the operations of the entity through enquiry and inspertion,. Reviewing financial statement dlsclosures and testing to 5UPPOrting documentation to assess compliance with applicable laws and regulations,. Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rakn"onale of significant transactions Dutside the normal course of business and reviewing accounting estimates for indicators of potential bias,. and Performing audit work over the timlng and recognitlon of income and in particular whether it has been recorded in the correct accounting period. Because of the inherent limitations of an au(Jit, there Is a risk that we will not detect all irregularities, including those leading to a material mlsstatement in the financial statements or non- compliance with regulation. This risk InCaSe5 the more that compliance with a law or regulation is removed from the events and transattions reflected in the financial statement5, as we will be less likely to become aware of instances of non-compliance. The risk of not deterting 3 material misstatement resulting from fraué is higher than for one resulting from error, as fraud may involve colluslon, forgery, intentional omtssions. Vse of our report This report is made solely to the charity's Trustees, as a body, in occordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustee those matters we a required to state to them in an auditor's report and for no C•ther purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for our audit work, for thi5 report, or for the opinions we have formed. Azets Audit Services Ltmited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under sertlon 1212 of the Companies Art 2006 Azets Audit Servlces Ltmited Statutory Auditor Chartered Accountants and Re9lStered Auditors 12 King Street Leeds LSI 2HL Date: li
Aire and Calder Methodist Circuit Statement of Financial Activities for the Year Ended 31 August 2024 Unrestricted Restrlcted Endowment funds Fund$ Funds Note Total 2024 Totsl 2023 Income •nd endowments from: Donations - assessment or share Charitable actsvilies Other trading artivitle5 Investments Other intome 6S8.936 131,175 41,400 36,986 948 50 658,986 185.175 41.400 43.255 1,264 632.828 201,206 36.105 27,929 38.734 936 802 54,000 97 6,172 316 54.463 Totsl income and endowments 869,445 6,172 930 080 E¥pendlture on: Charitable Activities Total ex enditure 1,004,143 1 004 143 34,874 4,115 1,043.132 4 115 1 043 132 942.743 942 743 Net (expendlture)/lncom• before other reco9nised 9ain$ Gains on disposal of fixe(J assets Realised and unrealised gains on Investrnents Tranjfers between funds Net movement in funds 1134,6981 19,589 2,057 1113.0521 (s,g411 134,995 134,995 72 17,453 12,0571 17,525 110,0461 2.121 (641 Reconclllatlon of fuhds: Funds brou ht fotwar Funds carried forward 3 295 305 3,297 723 225 591 3 548 609 3 564 596 243 044 3 588,077 3 548 609 47.310 A fully detailed Statement of Financial Activities for the year ending 31 August 2023 is shown in note 21 to the financial statements. There were no recognised gains and losses for 2024 and 2023 other than those included in the Statement of Financial Activities. All income and expenditure derive from continuing activities. 12
Aire and Calder Methodist Circuit Balance Sheet as at 31 August 2024 Note 2024 2023 Foxed Assets Tangible assets Investments Long term Loans 2,602,689 243,044 3.000 2,848,733 2,612,161 225,591 11,037 2.848.789 io Current Assets Assets held for sale Debtors Short term cbsh investments Cash at Bank 152,206 52,302 580,506 33,094 818,108 (118,2881 699 820 3 548 609 li 41,668 763,344 32,327 837,339 197,9951 739 344 3 588 077 Creditor5 Due withln one year t4et Current Asset$ Total Net Assets 12 Funds of the Clrcult.. Unrestritted funds Restricted funds Endowment funds Total Funds 13. 14 13, 14 13, 14 3.297,723 47,310 243,044 3,588 077 3,295,305 27,713 225,591 3,548 609 These finandal statements were approved by the Circuit Meeting on 13 Illoi t..40.4( by.. nd signed on its behalf The notes on pages 15 to 27 form part of these financial statements. Revd. B Owen Superintendent Minister and Chair of the Clrcuit Meeting 13
Aire and Calder Methodist Circuit Statement of Cash Flows for the Year Ended 31 August 2024 Note 2024 2023 Cash flows from operatlng activltias: Net cash used in operating attivitFes 19 (4.951) 1195,311 Cash flows from investing activities: Investment income received Purchase of fixed assets Proceeds from sale of fixed assets Net cash provided by Investin 43,255 1502,567) 646,334 187,022 27,929 (28,1621 activitles 233) Change in cash and cash equivalents in the year Cash and cash e uivalent5 at the beginnin of the year Cash and cash e ivalents at the end of the ear 182,071 613,600 795,671 (195,544) 809,144 613,600 Cash and cash equivalents include: Short term cash investments Cash at bank 763,344 32,327 580,506 33,094 Total 795.671 613,600 14
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 Accountlng Pollcies The prir7cipal accounting pollcies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Charlty Information Aire and Calder Methodist Circuit is a charitable trust registered with the Charity Commission in England and Wales under the registered number 1134234. The principal address is l? Clarkson CoLtrt, Normanton, WF6 INH. Basis of preparatlon of flnancial statements The finanaal statements have been prepared in accordance wlth the Statement of Recommended Prattice- Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from l January 2019. The financial statements are prepared in sterling which is the functionbl currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. Aire and Calder Methodist Circuit meets the definition of a public benefit entity under Ffisio2. Going concern The Trustees have prepared financial pmjections, taking into consideratitsn the currertrt economic limate and its potential impart oll the sources of income and planned expenditure. They have reasonable expectation that adeqtjate financial sOUrceS are available to enable the charity to continue operational existence for the foreseeable future and have adequate contingency plans In the event that Income streams are reduced. Consequently the financial statements have therefo been prepared on the basis that the charity is a going concern. Income Income represents all amounts which become avallable to the charity but excludes gains on investments. Donations are recognisable when the charity becomes entitled to receive the funds, when it is probable that the funds will be te1Ved and that they can be measured wlth sufficient accuracy. Investment income Is recognised on an accruals basis and comprises of interest CeiVable during the accounting pertod and gains in market value of investments held during the period. Sale proceeds from the sale of assets not previously capitalised are shown net of the property levy where there is no replacement scheme for those assets. The value of services provided by volunteers is not included. Grants are recognised in full in the statement of financial activities in the period in which they are receivable. Expenditurn Expenditure Is recognised in the period in which it is incurred and includes attributable VAT which cannot be recovered. Charitable expenditure CDmprisÈs those costs incurred by the charity in the éellverance of Its activities and services for its beneficiaries. It inclLJdes both costs that can be direttly allocated to such activitles and those costs of an indirett nature necessary to support thern. Support costs include those costs incurred in suppoth'ng the work of the charity. 15
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 Accountlng Pollcles (contlnued) Custodian Funds Fund5 held by the charity as a custodian trustee are excluded fvom the income and expenditure of the charity and the balance held recogni5ed as a liability within the financial 5tatement5. Fund accounting The funds held constitute: Unrestricted general funds held for any purpose of the Circuit which a unrestricted. The Circuit Model Trust Fund has wide purposes defirned in Standing Orders and is categorised as Unrestritted. Unrestricted designated funds are held for specific purposes as determined by the Trustees. Restricted funds represent grants, donatlons and legacies reiVed which are allocated by the donor for a particular project or activity. Endowment funds which represent gifts, the capital nomially being unavailable for spending, and the income from which Is either restricted or unrestricted. Details of each material fund are disclose¢J in note 13 to these financial statements. Tangible fixed assets for use by the Circult A tangible fixed asset is capitali5ed if its experted useful life exceeds one year, and costs £ 1,000 or more. The Circult Meeting may provide a reastsnable estimate of the buildings, current value to the circuit. Properties have been induded at the Trustees, valuation. Tangible fixed assets are stated at C05t le55 depreciation. Freehold land 15 not depreciated. Depreciation rates.. Office equipment - 3 years straight line It continues to be the Circuit's policy not to provide 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 least carrying value so that any depreciation charge would be immaterial. The Trustees will arrange periodic impaimient reviews. Transfer of church buildlngs into the circuit Where a church building that is no longer under the stewardship of the church but where responsibility for stewardship has been transferred to the circuit following the closure of the chureh the following accoLJnting policy will be adopted. The property will be included as a current asset net of any levy and Included in Income where an acceptaL>le offerlsl has/have been made for the building during the accounting period and the sale has crystalised after the year end. Credltors, loansff provlslons and grants payable Creditors, loans and provisions are recc>gnised where the charity has a present obligation resulting from a past event that will probably result in the transfer af funds to a third party and the amount due to settle the obligation can be meaSUd or estimated reliably. Creditors and provisions a normally recognised at their settlement value after allowing for any dlscounts which may be due. Grants to local churches for property schemes and other purposes are accounted for as Ilabilities when they receive formal approval by the Circuit Meeting. Grants awarded to other charitable bodies are accounted For as liabilities in the period in which the award Is made. Financial liabilities are only derecognised when, and r)nly when, the charity's obligations are discharged, cancelled or they expire. Amounts recogn15ed as provisions are besl estimates of the consideration quIred to settle the present obligation at the reporting end date, tsking into account the risks and uncertainties surrounding the obligation. 16
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 Accountlng Pollcles (contlnued) Investments Investments are valued at each period end to fair value as determined by reference to quated market prices. Investment income Is included in the financial statements when receivable and any gains or1055es on revaluation at the year end are shown in the SOFA. Debtors and prepayments Debtor5 are recognised at the settlement amount. Prepayments are valued at the amount prepaid net of any discounts due. Endowment fund5 Where the Circuit holds money which cannot be spent but must be retained (as capital) to generate an income the money or assets to be retained are known as an endowment fund. The capital is included in the appropriate column in the Balance Sheet. The income generated is restricted or unrestrirted depending upon the terms of the endowment. Pensions and staff costs The charity makes payments to the Methodist MinSsters' Pension Scheme l MMPSI which is a defined benefit scheme operated by The Methodist Church. The defined benefit obligation in respect of this scheme is that of The Methodist Church and not that of the circuit. Accordingly contributions paid are recognised as an expense In the year to vvhich they relate. The charity also makes payments to the Pensions Trust's Defined Contribution Flexible Retirement Plan for those of its lay staff who wish to join the scheme. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic ffinancial instruments. Basic financial instruments are initially recognised at transaction value and subsequendy measured at their settlement value with the exception of bank loans which are subsequentiy measured at arnortised cost using the effective interest method, Taxation Aire and Calder Methodrst Circuit is a registered charity and as suth is a charity within the meaning of Schedule 6 of the Finance Art 2010. Accordin9ly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. 2. Crltical Accounting Estimates and Jvdgements In the application of the charity's accoLrnting policies, the Trustees are required to make Judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent frorn other sources. The estimates and associated assumptlons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates ènd underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision afferts only that period, or In the period of the revision and future periods if the revision affects both current and future periods. The following accounting policies represent a critical accounting estimate.. It continues to be the Circuit's policy not to provide depreciation on freeholé property as, in the opinion of the Trustees, Its estimated residual value at the end of its economic life is expected to be at least carrying value 50 that any depreciation charge would be immaterial. The Trustees will arrange periodic impairment reviews. 17
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 Income from Charltable Actlvlties 2024 Total 2023 Totsl Transfer frorn Circuit Churches Distritt grants Other rants 131,175 49,000 152,206 49,000 185 175 201 206 Total Expenditure 2024 Total 2023 Total Costs directly allocated to charftable activities: Stipends, salaries, National Insurance and pension costs (note 5) District levy Connexional priority fund levy Distrlct TMCP levy Insuran, utilities etc Maintenance on manses Depreciation Expenlliture on other circuit property Administration Mission stspport Other Staff expenses Grant5 able 380,084 133,852 210,534 21,076 33,082 76,948 700 17,935 17,002 13,610 28,286 35,382 371,679 130,588 40,516 26.682 85,128 700 49,988 10,317 14,450 21,413 30,576 152 306 934 343 Note 17 1 033 160 Support costs: Audit and accountanc Total ex ndlture on charitable actlvl 1 043 132 942 743 MlnFster and Lay Staff Informatlon The average number of clergy and lay staff, analysed by function was: 2024 2023 Clergy La staff 12 12 18
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 Minister and Lay Staff Informatlon (Contlnued) Minister and lay staff costs during the year were as follows: Clergy Lay staff 2024 2024 Total 2024 Clergy Lay staff 2023 2023 Total 2023 Wages and 5alarie5 Social security costs Pension costs 208,323 53,744 85,608 6,828 293,934 60,572 207,050 53,724 80,109 6,163 287,159 59,887 283,125 96,959 380,084 280,922 90,757 371,679 There were no unpaid pension liabilities as at 31 August 2024 12023 - none). No employees eamed £60,000 or more during the year (2023 - no employees). The charity considers its key management personnel to be the Circuit Ministers and the Circuit Stewards. None of the CircLJIt Stewards received remuneration from the charity 12023 - none). The remuneration of the Circuit Ministers Is set out above (clergy) with further details Set out in note 16. Trustees. Remuneratlon and Trustees. Expenses There were no expenses paid to Trustees during the year other than those referred to in Note 16. All ministers, expenses were incurred in carrying out their roles as Ministers. Information on remuneration paid to Trustees Is included in note 16. Net Expenditure This is stated after charging: 2024 2023 Auditor's remuneration.. Audit Accountancy 6,160 5,000 Tanglble FFxed Assets Office Equipment Freehold Property Land Total Cost or valuatlon.. At I September 2(k23 Additions Disposals At31Au 2,100 40,000 2,571,461 502,567 1511.339) 2 562 689 2,613,561 502.567 (511,3391 2 604 789 ust 2024 Depreclatlon: At I September 2023 Charge At31Au 1,400 700 1,400 700 ust 2024 Net book value at 31 Au Net book value at 31 Au st 2024 ust 2023 2 562 689 2.571 461 2 602 689 2 612 161 700 40,QaO Freehold property constitutes the Manses, including the land on which they are bLJiIt, and their internal contents. 19
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 Znvestments Market value at 31 August 2023 Realise(J and unrealised losses Market Value at 31 Au USt 2024 225,591 243 044 Investments include uniti%d funds held in the Managed Mixed Fund administered by the Central Finance Board of the Methodist Church. The historlcal cost of investments held at market value was £151,112 12023 - £151.112). 10. Long Terni Loans In June 2022 the circuit made a long term loan to Horbury Methodist Church of £5,000 of which £4.000 remalns outstanding. £1,000 of this is due within one year. 11. Debtors 2024 2023 Pre ments and other debtors 12. Credltors: Amounts Falling Due Wlthln One Year 2024 2023 Assessments in advance Creditors and accrua15 71,377 76,874 97,995 118 288 20
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 13. Movement In Funds For the yéar ended 31 August 2024: 8alance I September 2023 other Balance gains / Transfers 31 August (losses) 2024 Income Expenditure Unrestricted funds: General funds Total 3,295,305 3 295 305 869,445 (1,004, 1431 134,995 1 004 143 134 995 2,12 1 3,297,723 2 121 3 297 723 Restricted funds: District Grants.. New Places for New People Lakeside Creative Arts Centre Children and families worker NHS 24,000 24,000 {9,552) 38.448 5,000 15,0001 20,000 5,000 120,0001 5,000 820 Jubilee fund Wakefield Methodist Junior and Infant School Variou5 bequests.. Thomas Holmes Henry Gundhill gift J.W.Wilson Esq Benevolent fun Total restrl¢ted funds 820 664 50 714 521 28 28 41 316 iii {3) {2) 13161 34,8741 548 1,008 772 936 772 72 {251 {39) 72 (64} Permanent endowment.. Harold Speight Memorial fund 225,591 3.548 609 17,453 152 520 243 044 Total funds 930,080 1,043 132 3 588,077 Transfers.. The transfer between restricted and unrestricted funds represents the balance of funds tranSferd from the restricted and endowment funés after the deduction of administrative fees. In the case of the Harold Speighr Memorial fund payments are Made from general funds in accordance with the terms of the endowment as outlined below. Purpose of Restrictad Funds: District Grants New pla5 for new people finance¢ by the Connexion and the District, the scheme was launched by the Connexion alongside Pontefract Methodist Church to reach out to all the iverse people living in the community Lakeside CatiVe Arts Centre finanted by grants from the District and from Circuit Fun(Js for the development of Newmillerdam Methodist Church Children and families workers a grant from the district towards the cost of the workers. 21
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 13. Movement in Funds (contlnued) NH5: Funding from the SoLtth West yorkshi Partnership Foundatlon Trust towards activities in the Lakeside Creative Arts Centre for Spirit in Mind Jubilee Fund - Thls is a grant from the Distrirt towards projects to mark the Diamond Jubllee Wakefield Methodist Junior and Inlant School children at the school. This is a fund to SUPPOrt disadvanta9ed Purpose of Endowment Funds: Harold Speight Memorlal fund This fund represents the income received from the perrnanent endowment. This income is spent on running the annual Joseph Winter Lecture. Any excess of Sncome is then evenly éistrlbuted between the Circuit, Crigglestone Methodist Church and Flanshaw United Refomed Church. For the year ended 31 August 2023: Balance other Balance gains / Transfers 31 August (losses) 2023 September 2022 Income Expendlture Unrestrlcted funds." General fund5 Total 3,325,309 3 325 309 880,732 88D 732 1912,8801 912 880 2,IH 3.295,305 2 144 3 295 305 Restricted funds: Jubilee fund 820 820 District grants Wakefield Mèthodist Junior and Infant School Various bequests.. Thornas Holmes Henry Gundhill gift J.W.Wilson Esq Total restrlcted funds 49,000 (25,000) 24,000 614 50 664 506 978 772 16 29 25 49,120 (i) (3) 12) 25,006).. 521 (28) 936 (23) 772 (51L_ 27.713 (40) Permanent endowment: Harold Speight Memorial fund 235 597 6,950 936 802 4,857 942 743 2,094 225 591 Total funds 3 564 596 3 548 609 22
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 14. Analysls of Net Assets by Fund As at 31 August 2024 Unrestricted funds Restricted Endowment funds funds Total funds Fixed assets Long term clebtors Net current assets 2,602,689 3,000 692 034 243,044 2,845,733 3,000 3 297 723 243 044 3 588,077 As at 31 August 2023 Unrestricted funds Restricted funds Endowment Funds Total funds Fixed assets Long term debtors Net current assets 2,612,161 11,037 672 107 225,591 2,837,752 11,037 699 820 3 295 305 225,591 3 548,609 15. Trustees The following Trustees have held office since I September 2023.. Mrs Doreen Abson Mrs Rosalyn Ash Mrs Janet Atack Nrs Janet Barden (Res5gned 11109123) Mrs Margaret Bendle Val Brorlk (Resigned 10109120231 Mr Malcolm Bullock (joined 01109120231 Mrs Pam Burgess l Resigned 31108120241 Mrs Hazel Chiver5 (Resigned 07109/2023} Revd Robert Cotton IResigneO 31108120241 Mrs Susan Dean (joined 01/09120231 Mr Kevin Dobson Miss Margaret Dodd (deceased 22107124} Nrs Bethan Dy50n (Resigned 01109120231 Mrs Lyndsey Evans Mrs Rosalyn Field Miss Mollie Garbett Revd Trevor Grewcock Mrs Christine Grundv Mr Rithard Hayes Revd Sandra Heap Mrs Hilary Hetherington (joined 01109120231 Mr Steven Hindle Mr Andrew Howard Mrs Mollie Jefferson (deceased 281051241 Mr Peter Johnson Mrs Margaret Jones Revd lacDb Kaiga Mr Nigel Kell Mrs Christine Ackinclose Revd Andrew Atkins Mr Tim Baker (resigned 31108124) Mrs Joan Beevers Mrs Carole Blanshard Mrs Lorraine Brown {Resigned 10109/23) Mr5 Esme Bulmer Mr lan Chippendale Mrs Jijlie Copley Mrs Maureen Dawson Mr Mike Dixon Mrs Lorna Dobson Mrs Marian Dunford Mr Peter Ellis Mr Ttsm Ferguson Mr Peter Finneran Mrs Helen Gourlay (joined 0110912023) Mrs Rita Grice Mrs Helen Harding Revd James Heap Mr David Hebden Dr Brian Hill Ms Nicola Hobson (joined 0610312024) Mr Robert Ince Mr Barry Johnson Mr Keith Jones Revd Naomi Kaiga Mr Gordon Kay Mrs Susan Keogh 23
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 15. Trustees (Contlnued) Mrs Judith Ker5haw Mr David Lane Nr Keith Madeley Mrs Glllian Marley Revd Hugh McKee Mr Francis Mwaba Mr John Netherwood Revd Rex Owen Mrs Christine Pattison (resigned 01109123) Mrs Lynne Precious Mr Sean Quir>n Mr Colin Redman Mrs Sandra Ride Mrs Margaret Roberts Mrs Doreen Rowley Mr Anthony Sadler (deceased 12109123) Mrs Loma Simpson (Reslgned 10109123) Mr Richard Smith Mrs Pat Stea Mr Nigel Storey Mrs Vera Sudworth Mrs Carol Sykes Mr Chris Tinker Mr5 Heather Turner (joined 0710612024) Mrs Pam Turner Mrs Elaine Wall Mrs Lisa We115 m Christine Whitworth (J'oined 01/0912023) Mr Alexander Whyte Mrs Susan Wood Mr Roy Wormald {resigned 011091241 Mrs Linda Knapper Mr Jonathan Madelev Mrs Janet Marsh Mrs June McBumey Mrs Dorothy Metcalfe Mrs Katerina Nelson Revd Barry Owen Mrs Marilyn Owens Mr lan Patti50n Mrs Sally Price {resigned 10106124) Mr Alan Fiedgwick (Resigned 1010912023) Mr Colin Ride Mrs Paula Ridley {joined 0710612024) Mr Michael Roberts Mrs Val Ru5hton Mrs Carole Shaw Mrs Janet Smith Mr Mark Stainburn Mrs Deb Storey Mr John Sudworth Mrs Kathy Swales Mrs Margaret Thompson Mrs Meg Towle (deceased 23109120241 Revd Laurence Turner (deceased 2711012023) Mr Stephen Turner Mrs Ruth Walton (resigned 07106124) Mr Michael Wheatley Mr Roger Whitworth Revd Klm Wlllbams Mr Dtsnald Woolley (deceased 2810412024) Mr Rodney Young 16. Related Party Transactions Ministers stipends and allowances for Pre5byter5 and Deacons (collectively Mlnistersl are set annually by the Methodist Conference, and the Circuit is responsible for meeting those costs for all Ministers stationed by the Conference in the Clrcult. The following Ministers received the basic stipend of £29,040 12023 £27, 104).. Revd R Cotton Revd RE Gilson-webb Revd A Atkins Revd C Holmes Revd K Williams Revd J Kèlg Revd 8 Owen Revd N Kai90 All were provided with living accommodation as required by the church's standing orders. In addition to the basic stipend the following Connexionally agreed additional allowances were paid.. Revd B Owen Superintendent Minister's allovlance £2.904 (2023 - £2,710). Local preachers The 15 Local paCherS who are also members of the Circuit Meeting were paid preaching fees amountSng to £1,335 in totsl (2023 - 17 preachers were pait1 £1,570). 24
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 16. Related Party Transactions (contlnued) Supernumeraries The 4 Supemumeraries who are also members of the Circuit Meeting were paid fee5 and travelling expenses amountlng to £1, 10012023 - 4 Supemumerarie5 were paid £1,050). Other payments During the year no Trustees claimed travel expenses (2023 no trustees). Durin9 the prsor year Steven Hindle la trustee) carried out repair work on manses and received payment of £50. Lyndsey Evans, a trustee, is employed by the circuit as a children and familles worker. Her total remuneration Includbng pension contributions in the year was £32,437 12023 - £28,299). Paula Ridley. a trustee from 7 June 2024 is employed by the circuit as the Mission Activities Co- ordinator. Her total remuneration including penslon contribution from thi5 date was £4,627 Heather Tumer a trustee from 7 June 2024 is employed by the circuit as the Circuit Administrator. Her total remuneration including pension contribution from this date was E6,602 17. Grants Paid During the year the charlty awarded grants to the following: 2024 2023 Grants to institutions: South Elm5all Parish Nurse Environmental grants Horbury Churches Together Youth Project lin 5LlPPOrt of youth workl Wakefield Methodist lunior & Infants School Trinity Misslon Ropewalk boiler Rothwell projector South Emsall Notice Board Kippax Roof Lofthouse Boiler Norrnanton Doors Parkside Roof Pontefract roof and signage Kingsway AV 5YStem Wrenlhorpe Notice Board Upton Scherne Crigglestone Door and Roof Kenya project Osset Boys Brigade CROSS project Airedale lay worker Horbury AV System Lindale Notice Board Netherton Doors Altofts Notice Board and Wall The Kings Way New Boiler and Notice Board Walton new boiler, Sign and Window S,750 4,994 2,000 11,250 19,258 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 4,425 30,000 2,000 190 2,000 750 363 2,244 1,375 1,518 3,460 8,025 64,669 152,306 25
Aire and Calder Methodist Circuit Notes to the Flnancial Statements for the Year Ended 31 August 2024 Funds held as custodian The Charity acts as custodian Trustee for the following funds- Methodist Women In Britain Benevolent fund MAYC Fund Movement In these fLtnds are eliminated during the preparation of the financial statements and any year end balances held a wognised both in cash and as a liability. The total amount held in these funds at the year-ènd was £9,052 {2023 - E9,012). 19. N•t Cash provlded by Operating Artlvltles 2024 2023 Net movement In funds Gains on sale of fixed assets IGainsl/losses on fixed asset investments Income from investments Depreciatiori Decrea5e/(increèsel in debtors Asset held for sale (Decreasel/lncrease in creditors 39,468 (134,995) {17.453) {43,255) 700 18.671 152.206 120,293) {4,951) {15,9871 10,006 127,929) 700 {10,3541 (152,206) 459 { 195,3111 26
Aire and Calder Methodist Circuit Notes to the Financial Statements for the Year Ended 31 August 2024 21. Comparative Statement of Flnanclal Artlvltles lor the Year Ended 31 August 2023 Unresttlcted fvnds Re5trlrted Fund* Endowment Fund$ Total 2023 Income and endowments from: Donations - asge55ment or share Charitable activities Other trading activities rnvestments 632.778 152.206 36,105 20,909 38.734 880,732 50 632,828 201.206 36.105 27,929 38,734 936 802 49,000 70 6,950 other income Total Income and •ndowments 49,120 6,950 Expenditure on: Charitable Actlvities 912,880 25.006 4,857 942,743 942 743 Total ex enditure Net {expendlture}lincome before other recognlsed galns Gains on disposal ol fixed assets Realised and vnrealised Ilossesl on investments Tran5fer5 between funds (32,148) 24.114 2,093 15,9411 65,OLO 1401 12,0931 (10.006) 2,144 (511 Net rnovement in funds Reconclllatlon of funds: Funds brou ht fomard 3 325 309 235 597 3 564 596 Funds carried forward 3,295 305 27,713 225 591 3 548,609 27