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2021-08-31-accounts

Charity Registration Number 1134251 Doncaster Methodist Circuit ANNUAL REPORT AND FINANCIAL STATEMENTS ST YEAR ENDED 31 AUGUST 2021

Doncaster Methodist Circuit CONTENTS Pa8e Legal & Administsativ¢ Details Annual R¢port Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9_ 12

Doncaster Methodist Circuit I￿gaI & Administrative Detatls P#ge I Legal Stsths I)on¢aster Methodist Circuit 15 a regEst¢red charity establish¢d in order to ov¢rste the Methodist Chur¢hts wthin its jurisdiaion. The charity's r¢gistration number is 1134251. The Managing Trustee is the CÈrcuit Me¢ting. Circuit Meeting (Manoging Trustee) The Citcuit Meeting is the Managing Tntstee of the Doncaster Methodist Circuit who meet at ]￿t tivtce annually. Th¢re ar¢ in excess of 50 membErs of the C1￿Ult Meetin& they include- Mr. D Beardsdlj JMS. J. Binghatn, Mrs. l. Bolto￿ Mr. A. BrAnton, Mr5. C. Burley. Mr. E. Burn>ughs. Mrs. C. Corbridge, Ms. C Craven. Mr. O. Craven, Mrs. J Cunningham, Nqr. A. Davtson, Mr. D. Dennis, Mrs. J. Der￿is, Mr. L. Derry, Mrs. R D¢xter, Mrs. A. Dyer, Ms. B. Ellis MT5. J. Fletcher. Mrs. J. GaTrett, Mrs. W Gibson. MT. P. Gray, Mrs. P. Hankinsotj, Mr. D. Harrison. MT. G. Heath, Mr. B. Hempstock, Mr. D. Hepworth, Mr. J Holford, Mrs. V. HolfoTd. Mrs. S. HoTswood. Mrs. A. Hud50n, R. Iball. Mrs. S. Jones, Mrs. J. Kaul, Mrs. S. Kirvan, Mrs. F. McKeE Mr. A Mendum, Mr. K. Myers, Mrs. C Ogley. Mr. l. Ogley. Mrs. D. Ogilvie. Mrs. J Outram, Mrs. J. Parker. Ms. L. Peter5en, Mrs. B Plummer. Mrs. S. Punton, Mrs. E. Raodajl. Mr. P. Randall,Mr. G. Raper, Mrs. C. Raper, Mr. H. Rawson, Rev CA ReasbecL Mr. D. Rea5beck. Mrs. J. Rea$b￿k. Mr. T Roberts, Mr5. L. R05s. Mrs. D. Royn, Mfrs. J. Scott, Mrs. M. Scott, Mr. R Sculthorp4 MT. J. Skinner, Mrs. J. South. Rev R. Stevens, Mrs. V. Sutcliffe, Mr. T. Sykes, MT. T. Taylor, Mrs. J. Taylor, Mrs. J. Tha¢kray. Mr5. M. Walker, MTS. A. Walton, Nlrs. E. Warren. Mr. D. Webster. Dr. I. Week Mr. S. Willerton, Mrs. M. Wilson. Mrs. A. Womajl, M25. A. Wren. Mr. D. Wr¢n The Circuit mittisters and officers are Active Cir¢uit ministers Rev Tom kead. Rev Jon B¢llfJeld, Rev Jonathan Gichaarffj Rev Christine Sutherby. Circuit lay Workers Mrs SllSaT￿a Brooke4 Mrs Sandra Durrant, Mrs Alice Cujry. Ms Afyan¢h Al￿ Mrs Amy Roddam Circuit Administrator Mr Barry Parker Circuit Meeting Seeretary Mrs Jean Reynolds Prineipal Addres5e8 of CireuSt Superintendeni Alinisler 39 Town Moor Av¢ttue, Doncaster DN2 6BP Circuii Admini.lralor Alder Grove Methodist Church Alder Grove Donc&ster DN4 4RF Bankers Solicitors HSBC Bank plc l High Street. Doncaster DNI IEE Jones & Company, 48 High Street, Bawty. Donraster. DNIO 6JB Independent ExamiDer Mr. R.A. Prior, FCC& FCIE, ￿h W.H. Prior Chart¢red Certified Accountan Railway Court. Doncaster. DN4 5FB

Doncaster Methodist Circuit ANNUAL REPORT Page 2 Y￿r Ended 31st August 1021 STI IA TY The Dtsncasttr M¢thodist Circuit 15 the 8rouprng of M¢thodist chU￿he$ within the Donwter area. The Cir¢uit h&s ov¢rsiEhi of (he Churches within its jurisdiction. As at 31 August 2021 the Cir¢uit is registered &8 a charity und¢r charity ]rgistration rtumber 1134251. The Managing Truste¢ is the Crrcuit Meetin& a representsiive body d¢fined by Standing Order 510. The Trustees for Methodist Church Purposes ITMCPI is custodi￿ Trustee of a]1 Methodist property. Th¢ Circuit Me¢tin8 convenes regularly in order to overse¢ the work of Churches in the area. TRUSTEE'S CIRCUIT MEETING'S REPORT The Circuit Meeting pres¢tlts its Rq>ort and Financi￿ Statements for th¢ Year endd 31 Au8USt 2021 which have been prepared ITr accordance with the Statement of wommended pr&tice ISORP}"Ac¢ouniing andReporiing by Choriiies" {FRS102)) and the xcounlin8 policies det￿led on page 9. STA TEMET4IT OF CIRCUIT14(E TING>S RESPONSIBILITIES The Charity's Standing Orders and th¢ Charities Act 2011 (and Statutory I]￿[￿ment 2007 No. 2655) require the Circuit Meeting (Managing Trustee) to pr¢par¢ finan¢ial stsrements for each financial year which give a true fair vi¢w of the state of affoiT5 of the Charity end of the incoming resources and application of resources of th¢ Charity for th¢ ￿riOd. In preparing those financial statements, the Cir¢uit Meetin8:_ 5elec(s suitable a¢¢ounting w>lici¢s and applies them ¢on515tentty; makes judgements and estimates that are reasonable and prudent,. states whether applicable accounting standards aTEd statements of rerommeTrded practice have been followed, subject to any materia] dcpartUTes disclosed a￿d explained in the financial statements,. prepares the financial statements on the going wncern basts unless it is inappropriate to presume that the chaTity will contit)ut its activities. The Circuit Meeting ts responsible for keeping PToper accounting re¢ords which disclose with reasonable ac¢uracy at An)rtime the finan¢ia] position of the Charity and enable the Trustee to ensure that the financial stat¢ments comply with ihe Charities Aet 201 land with the Standing Orders of the Methodist Church. The Circuit me￿]￿g is a150 responsible for safeguarding the assets of the Charity and hence for taking r¢ason&bl¢ steps foT the PTev¢ntion and dete¢iion of fraud and other itregulaTEties. INVESTMENT POWERS Urtd¢r the Stsnding Orders of ihe Meth(xlist Church, the Circuit Meeiing mty invest swplus ￿tsds prudently, in any manner authorized by law {curtently the TTUStee Act 2000). Howev￿ all Model Trust Monies (Proceeds of Sale. D¢velopment Funds and Model Trust Bequests) mu$t be invested through the Trustees for Methodist C.hur¢h Purwse5 ITMCP). The C]￿Ul1 Mtttin8 is encouraged to constder inv¢5ting via th¢ Central Finance Board of the Methodisi ChU￿h {CFB). CIRCUIT MJSSION AND POLICY A Circuit Mission and Policy Statement was approved by the Circuit M¢eting. Thi5 sets out the Purposes of the Circuit. aTJd its core values, enumerated under the headings listed in the "Our Callin8" document of the Methodist Q>nnexion. The actio￿ prioritie5 of the Circuit are Evang¢lism-to encourage lo¢al Churches to make disciples Leaming and Caring- to deep¢n discipleship Service- to en¢oura8e ¢hurcb¢s io have an out%vaTd looking focus in order to tske iheir pl￿e in the com]nunity. Worship-to encowage passionate worship. applied Biblical pr￿hIng and regular shartng of Holy Communion. SAFEGUARDIN The c.ircuit Meeting approved a Safeguarding ChtldreR and Vulnerable Adults Policy at its meeting on 13th September 2012. All relevant persons within ihe Circuit have undertaken training slipulat¢d by the Connexion. This Circuit ¢omtnits itself to ensuring the implementstion of Conn¢xional Safeguarding Policy, govemm¢nt legislation, guidance and safe practice in the circuit and in the thurches. This c.ircuit cotnmits itself to the proviston of Support, advice and tmning for lay and ordained people that will ensure people ate clear and ¢onfid¢nt about their rol¢s and responsibilities in safeguarding and promotin8 the welfare of ¢hildTen and adults who may be v￿lDer4)ble.

Doncaster Methodist Circuit ANNUAL REPORT (coNrINUED) P&ge 3 Yur Ended 31st August 2021 EVENTS & TRANSAC EVIEW OF ACTIV TtE IONS AND FINAN IAL REVIEW Review of A TIVITIES events & ions and Financi review In the Report of last yeAr12019-201 referen¢e was made to the impaa of the pandemic with the hope thai it was behind us. Regtttably. that was not the case.. in fact, places of worship sufferd from closure in lockdown an November 2020 and January to EasteT 2021 a total of four months within the yeaT. For Churches with more vulnerable ¢i)ngr¢gations. the closure foi worship extended beyond the four month5. Anif ev¢rywh¢K worshippers b¢cam¢ used to w¢aring face cvverings and vther restri¢tions. As in the previous year, Churches in the Circuit rn¢t the Challenge in a variety of effeetive ways. Communiedtion with their congregations was maintained by regular n¢w51etter5. contact by the intemet. telephone and post. Online services were bToad¢ast from Churches on the Circuit YouTub¢ Ghannel. Zoom and Skype became a factor of our lives. The CtKuit supported thes¢ efforts with an onlin¢ daily devotionaj conducted by members of the Ministy Team and Local Preachers. As Churche5 ￿pOnded to the pandemi¢ alld tria to maintain a Semblance of nomjality, so did the work of the Circuit - albeit on Zoorn. Sts. the pattem of Circuit Meetings, Focus Group MeetllJ85, Circuit Leadership Team Me¢iittgs, Local Prva¢hers' Meetings continued. The Circutt had to shelve some initiatives it had planned- the review of the Strategy fvr Growth and Development, planned for the year, was pustEK>ned to the current year. However, there is progress to report. Grants were proyidol to three Churches. A Baby Basics initiativ¢ was begun by Spr0tbTo￿gh and this became a Cir¢uit responsibility in the financial support of the Baby Basics Manager. It) a joitit initiaiive with other Dtstrtcts and Circuits, the Circuit approved support for the appoitjttnent of a Farsi presbyter. Perhaps most importantly. as it itnpa¢td ort all Churches. was the decision of the Circuit to have an 'ass¢ssment holiday. for the first quart¢r of 2020-2l to absolve Churches from paying the first quarterly assessment. The fun(ts for this were taken from the capital realized tn the sale of the buildings of Catr House Wesley and Rossington. The impact of the pandemic on the Circuit and its Churches is dt￿lc￿1t io judge 50 near in time. How¢ver. there are two items of data that Co￿ provide some evidence. The membership of the Circuit was 666 October 202] ¢ornpared with 747 in October 2020, mu¢h of th¢ reduction explained by the closuTe of Priory. Some of its fornieT members have since Te-located to other ChuTch¢s. Se¢ondly, a cash 5tockiake initiated by the District asked ÉtJdividua] Churches to compare their ftnanciaj situation on 31¥¢ Au8U$t 2021 wtth thai on 31° August 2020. Thi5 comparison shows 8 15Yo decre￿¢ in the Combined tncome of Circuit Churches. In April 2021, the Circuit Meeting agreed that Priory Place Chur¢h should cease to meet, a decision that was taken with great sadness. The District set up a Feasibility Group to look at maintaining a town centre mission with or without Priory &$ its base. The report of this 8roup was still pending at the end of this Comiexional year. The CiTCUit ¢oRtinues to bt bl¢ssed by the service provi(kd by our Pre5byt¢r¥ Supernumeraries. Local Preachers and Worship Leaders. The Te-statiot]ing in the Circuit of Rev. Tom Read (as S￿perintendentI and the Rev. Christine Sutherby preserved the unity of the Ministerial Team. Ja]]e Bingham and David B¢ardsall completed their training ald were appointed as ￿]lY ac¢redited Local Prea¢hers. Matt BeckinghaTn was appointed as a Worship Leader for the Connexion. It 15 also pleasing to r¢FK>rt that Joy Ventom completed h¢T training and was ordained as a Presbyter. Sadly we mourned the passing of Pam BaTr¢r,' and Jim Wtlson, remembering his faEthful service to the DistricL Circuit his local Church. Turning to a finan¢ial property summary, the Circuit Ye¢orded an ¢x¢ess of exp¢nditur¢ over income for the year of £141,659. The deficit w&s very largely due to thé Support the Cir¢uit ￿ve to Churches in the payment of the assessment contributions. The principai sources of fjjnds are assessment contributions from 0￿r Churches. amounting to £215252 (2020.. £317.456). grants fro]n the Sheffield District in support of Circuit mission projecis £1 1,51312020.. £14,000), and ￿tIta]S from th¢ letting of Manse5 £28,51212020= £26,630). The major items of Circuit expenditure includ¢ mintsteTial Costs £146,366 12020.. £141.7851. contributions made to Connexion Distriet £82,370 {2020.' £73,895). Pastors £82J70 {2020'. £ 51.4651, Manse Costs £34,141 (2020= £31,401}, and depr¢¢iation (non Cashl £21.09712020.. £21.0971. As at 31 August 2021 there were eighteen Chureh¢s (twenty Chureh properties) in the Cir¢ult. Church properties ar¢ inspected on a fivc yrars. cyrle by a qUa]if1￿ Architect. Ther¢ are six t1￿)$e9 owned by the CiJruiL and a further manse that is rent￿ from a third party. Three propenies are occupied by PresbyteT5. three aT¢ rented out to third panie5. Manse properties are inspeaed by a qualified Archttect every five years. We are indebted to the MAnse Siewards for their atteniion to these properties.

Page4

Doncaster Methodist Circuit

AN UAL REPORT (CONTINUED)

Year Ended 31st August 2021

To conclude this section of the Report. As we enter a third year of pandemic, there remain further challenges to the Circuit and its Churches. However, the previous two years have brought forth initiatives that would not have been dreamed of in 2018. With God's grace, the Circuit will continue to meet these challenges and grasp the new possibilities.

RESERVES POLICY

The Reserves Policy relates to the general (unrestricted) funds which are freely available to be used for any or all of the purposes of the Circuit. Other funds are also included for the sake of clarity and openness and to show that the Circuit has a policy for the management of all of its money not simply those which are defined as reserves.

Aims

Our aim is twofold:-

To secure and sustain the Circuit's viability and future.

To give reassurance to the general public that the Circuit, which is a charity, intends to use all of the money coming into its care for the purposes of the charity.

Process

The financial policy of the Circuit is centred on the role of the Circuit Budget in implementing policy through

The calculation of the Assessment; and The stewardship of the Circuit Model Trust Fund

The Assessment, which is reviewed annually, provides essentially for:-

The ministerial oversight of the churches in the circuit (numbering approximately 20); The support of ministers and lay workers. The maintenance of circuit Manses;

In addition, the Circuit supports various aspects of lay work at its member churches either by direct grants from its Circuit Model Trust Fund or by procuring grants from other sources.

Reserves

The fund balances at 31 August 2021 are

General Fund (unrestricted reserves) balance £175,325 (2020:£262,130) funds are held partly in a clearing bank current account and partly with the Central Finance Board of the Methodist Church. The aim of the Circuit is to maintain this fund at approximately three months unrestricted expenditure, currently approximately £100,000.

Rossington MC Fund (designated fund) balance £18,261 (2020:£18,261).

These are funds received after Rossington Church ceased to worship.

Carr House Wesley MC Fund (designated fund) balance £31,164 (2020:£30,379). These are funds received after Carr House Wesley Church ceased to worship.

Page5

Doncaster Methodist Circuit

ANNUAL REPORT (CONTINUED)

Year Ended 31st August 2021

Manses Maintenance Fund (designated fund) balance £39,949 (2020:£41,485).

The purpose of this fund is to maintain Manses in a good state of repair. The policy is to transfer into the account each year an agreed amount in line with the recommendations of the Methodist Property Office. The balance at any one time represents the as yet unexpended portion of any transfers.

Circuit Model Trust Fund (formerly known as Circuit Advance Fund) (designated fund) balance £199,069 (2020:£235,006). This represents capital money from the proceeds of sale of Methodist property, principally chapels and manses. The expenditure must be in accordance with the objectives set out in the document "Our Calling". And with the rules set out on the Constitutional Practice and Discipline of the Methodist Church ..

Methodist Women in Britain Fund (designated fund) balance £140 (2020:£140)

This represents the net unexpended income arising from the activities arranged by the committee concerned, and are intended to be used towards similar such activities arranged in the future.

The Farsi Fund (designated fund) balance £546 (2020:£Nil).

This fund contains monies received in grants to support the work, including the salary of the Lay Worker, amongst Farsi speakers in our congregation. The balance at any one time represents the as yet unexpended portion of such grants.

Children, Young People, Missing Generation (designated fund) balance £4,318 (2020:£4,218) This fund contains monies set aside for the work of this group. The balance at any one time represents the as yet unexpended portion of such grants.

RE Godly Play (unrestricted designated fund) balance £17,198 (2020:£14,128)

This fund contains monies received in grants and donations from various sources to support work within schools. The balance at any one time represents the as yet unexpended portion of such grants.

Bequest Fund (designated fund) balance £75,692 (2020:£76,477)

This fund is held with the TMCP, being funds transferred during the year to the Circuit after Carr House Wesley Church ceased to meet.

Fund for Fixed Assets (designated fund) balance £801,370 (2020:£822,467)

This fund contains no cash element, and comprises the value of the Manses(six) of the Circuit.

RISK ASSESSMENT

The Circuit Meeting has assessed the major risks to which the Charity is exposed, in particular those related to the operation, investment and finances of the Circuit. By monitoring the level of reserves, ensuring control over financial systems and by examining the operational risk faced by the Charity, the Circuit believes that effective systems have been established to mitigate those risks.

Insurance, including public liability, is effected through Methodist Insurance Ltd. Circuit office holders have attended courses on Risk Assessment conducted by Methodist Insurance Ltd and by Sheffield Methodist District, in the interests of training them in the assessment of risk pertaining to the Circuit, both directly in respect of its own activities and properties (Manses) which it owns, but also indirectly in respect of its member churches. Although the latter are separate Charities in their own right, the Circuit, through its Circuit Meeting and its various committees, seeks to ensure that its member churches follow good practice in their activities, particularly with reference to their financial systems and the condition of their properties

Signed on behalf of the Circuit

AMendum

Dated:- 7[th ] July 2022

Doncaster Methodist Circuit INDEPENDENT EXAMINER>S REPORT TO THE CIRCUIT MEETING OF DONCASTER METHODIST CIRCUIT Page 6 I report on the accounts of th¢ Charity for the Year Ended 31A Au8USt 2021 whi¢h are set out on pa8¢s 7 tt> 12. This report is maile solely to ihe Charity's trustee5, as a body, in accordance with the TegulatioTrs made under the Charities Act 2011. My work has been undertaken so that J might stste to the Charity's trustees those matters l am required to stste to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assLtme responsibility to anyone other thatt the Charity and the ChaTtty'5 trustees as a Fx)dy for this re￿rt. Respeetlye respoll$ibiIitles of Trustees Examiner As the Charity's Trustees, you are r¢$w>￿81b1t for the preparation of the a¢counts- you consider that th¢ au<lit requirement of Section 14412) of the Chariti¢s Ac¢ 2011 (the 2011 Att) do¢s not apply and that an independent examination is needed. It is my responsibility to'.- examine the ac¢ounts under section 145 of the 2011 A¢t., ro follow the procedures laid down in the Genejxl Directions given by the Charity Commissioners {under section 145{5Xb) of the 2011 Act. and to state whetheT particular matters hav¢ Come to my attention. Basls ofindependent Exa￿l￿tr,5 Report My examination was carried out Lll a￿oIdance with ihe General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a Comparison of the accounts presented with those r￿OrdS. It a]so includes Consideration of any unusual item5 or disclosures in th¢ accounts. and seeking explanations from you 8s Trnstees concerning any such rnatter5. The procedures undertaken do not provide all the evidettce that would be required in an audiL and consequently no opiniott 15 given as to whetherthe accounts present a'lrue and fair" vi¢w and the report as lirnited to those matt¢rs set out in the 5taiement below. Independent EiamiTrer'$ Statement In connection with my examination, no matter has come to my attention=_ (a) Which gives me rea50n3ble cattse to believ¢ that in ofty material respect the requiT¢ment5'. to ke¢p proper accounting records in a¢¢ordanc¢ with Section 130 of the 2011 A¢t)- and to prepare accounts which a￿tsrd with the accounting records and comply with the accounting requirements of the 2011 Act have not bcen mei- or Ib) to which, ill my opinion, attention should be drawn in order to enable a proper understanding ofthe aceouttis to be re￿he￿. TLA. Prlor, FCC* FC.IF. De￿4 Chartered Certified Aceountant Fellow of the As$ocfftAtlon of ChArity IndependeDt Examluers W. H. Prior, Chsrtered certifi￿ Aceountsnts Railway Cou Doncaster. DN4 5FB D8ted:.

Page 7

Doncaster Methodist Circuit

Statement of Financial Activities: Year Ended 31st Augst, 2021

Unrestricted
Note
£
INCOME
Donations & Legacies
Grants
11,513
Donations & Gif Aid Tax recovered
1,746
Transfr fom Churches
785
Other Receipts
Charitable Activities
Church Assessments
215,252
Investment Income
Investment Income
2
1,227
Manse Rents
28,512
Other Income
Sale of Churches
TOTAL INCOME
259,035
EXENDITURE
Expenditure on raising fnds
- Investment Management Costs
620
Exependiture on Charitable Activities
Ministerial Costs
3
146,366
Superumeraries
192
Grant
7,250
Fasi Project
9,454
Circuit Administrator
13,039
Pastors
62,133
Manse Costs
4
34,141
Connexional Costs
5
82,370
Children, Young People & Missing Generation
500
Godly Play
18,943
Other Costs, donations & grants
6
Depreciation
3,989
Independent Examiner's Fees
600
21,097
TOTAL EXPENDITURE
400,694
NET (EXPENDITURE)
(141,659)
Funds b/f 1st September 2020
1,504,691
Funds c/f 31st August 2021
10
1,363,032		 Restricted
£		 2021
Total
£
11,513
1,746
785
215,252
1,227
28,512
259,035
620
146,366
192
7,250
9,454
13,039
62,133
34,141
82,370
500
18,943
3,989
600
379,597
(120,562)
1,504,691
1,384,129
-		 2020
Total
£
14,000
190
89,655
317,456
4,545
26,630
204,249
656,725
58
141,785
1,482
6,500
7,010
12,354
51,465
31,401
73,895
17,405
9,144
21,097
600
374,196
282,529
1,222,162
1,504,691

Page8

Doncaster Methodist Circuit

Balance Sheet as at 31st Augst, 2021

Note
Tangible Fixed Assets (Manses)
8
Fixed Asset Investments (At Market Value)
9
Current Assets
Cash at Bank: HSBC pk
MWiD Cash at Bank
Central Finance Board Deposit Ne
Debtors: Sundry
Prepayments - incl. Stipends Quaerly in advance
Current Liabilities:Amounts flling due within one year
Income received in Advance
Creditors & Accruals
NET ASSETS
Restricted Funds
Unrestricted Funds
General Fund
Rossington M C
Carr House Wesley M C
Circuit Model Trust Fund
Bequest Fund
Manses Maintenance Fund
Farsi Fund
MWiD
Children, Young People & Missing Generation
Godly Play
Fund fr Fixed Assets
10		 45,549
140
271,159
1,906
12,513		 2021
£
801,370
301,745
331,267
(71,350)
1,363,032
175,325
18,261
31,164
199,069
75,692
39,949
546
140
4,318
17,198
801,370
1,363,032		 56,913
140
304,055
2,068
12,326		 2020
£
822,467
310,552
375,502
(3,830)
66,237
5,113		 3,830
1,504,691
262,130
18,261
30,379
235,006
76,477
41,485
4,218
14,128
822,467
140
1,504,691

The financial statements on pages 8 to 13 were approved by the Doncaster Methodist Circuit on 7th July 2022 and signed on its behalf by:-

A. Mendum Circuit Steward (Finance)

Rev T. Read Superintendent Minister

Doncaster Methodist Circuit Notes to the Financial Statements: Year Ended 31" August 2021 Page 9 AetOlllltiDg polleles Basts Of accounting The financial statements have been prepared under th¢ historical cost a¢counting rules, modified to include the revaluation of investments. and comply wtth the Statement of Recommended Practice {SORP} 'Arcotsiing and RÈporiing by Chariiies. (FRS 102) issued by th¢ Charity Commissioners for England and w￿£S. and other applicable accounting 5t8ndards. 12 Fund Accountittg - The Circuit operdtes a number of funds. Cir¢uii Model Tru¥tFund- This fund represents capital money frotn the Proce￿5 of salc of Mdh4yJisi propcty, principally Chapels & Manses. Thi.% fund 15 nuw categoTiscd as UnTestriLted Rossing¢on MC Ftsnd- This fvnd repr¢sents moni¢s received during the yedr atTrer Rossington Churth cc35¢d to worship. Carr Hoose Weslry MC F￿lld- This fund repT¢sents monie5 reteived during the ycar after Carr Hovse Wesley Church ¢t￿d to WQTslllp. The Farsi F&rtd- Thi$ r¢pres¢nts th¢ &$ yet uttexpend¢d portion of grattt monies ￿CeiVed to support work gjnongst FaT5i speakers in our H¢xthoTPC congr¢gation. The Unrestri¢t¢d fund represent￿ the balance of trdn5fcrs dcsignad from the Circult MIKlel Trust Fund. Man&es MalKtep￿￿te F￿￿- This 15 a dtsignaied fund us¢d to maintain th¢ Manses in a good state of rq)air. It is fed by regular transfer from th¢ Generaj Fund. Children, Yollng People, Generalion Fund This fund contains rnonic5 set aside for the work of this group. The b￿anc¢ at any time r¢prebtnts th¢ &$ yet uncxpended portion ofsuch grants. RE Godly Pl&y Fund . 't]Jis fund tonthins monies receivcd in granis and donations from Various sources to 5UPPQrt WOTk within schools. The balance at any one tim¢ repr¢s¢nts thc as )'ei unexpended p(>rtion of such gr￿ts. Bequesi Furtd- This fvnd 15 held with th¢ TMCP and reprcsents monies transfeiTed to the CiTCUit th¢r Carr House Wesley Church ¢¢astd to meet. GeRteroi fund- This repr¢sents' genetal funds (hal are not trstrtcted, 8tJd that have not been des]￿)8ted by the Circuit Meeting for a swific purpose. The PTincEpal purposes of the General FllDd are:. El Obiailifrom ihe frÉoyurér of euck Iducal Chtsrch ih the Circ¥ii the corilribuiion a£¥Èssed by the Circuit Meeiing on tkni L￿GI Church iowardv generalexpendiiurg ofthe CivcE4it. Q Propide the sums requireclforpaymeni ofthe Siipendv ofÉhe mipusters, deacons andppobuÉiorters. Pay to the minisier&, deacons, o#dprobutioners any orher allowances due ¢0 ihem avd all stsm5 re(p4iredio defr￿ iheir expgpt.¥es. C) Discharge all oihgr ¢laitn5 Wrt the Circllil Fund in tseeord(D￿¢ wilh ihe budg¢i agr¢edbyihe Cipcs¥lt Meeiing. iKelud1￿b￿dggtedWymenf5Jor ecumenical work FupTdforF1¥vdA￿ets-'fhjS is a designat¢d fund represettting the value of MgJJs¢s owned by the Ctr¢ui¢ v￿U¢d at 75.kn of their insured value as at 31a August 2(K>O. or at Coll if purchased since 200V. 12 T&ngible Fixed Assets Manses w¢r¢ tncluded in the assets of the ChaTity for the fir*t time. with eff¢¢t from 3131 August 21X)O. A Fo￿nal valuation was not carried OUL but Mans¢5 werc included al 75Yo of their inwrance valuc as at 31 August 2(MK>. N(anses purchased subscqucnt to that dale are iniludcd at COA. Deprttiation is provided at the rate of 2Yo per annutn on Manses.

Doncaster Methodist Circuit Page 10 e 14'in2ncial St tem t,: Y ar Ended 31st st 2021 2012 2020 2. Investment In CFB Interest ThICP Int¢resl- cKfF AccouTtt TMCP Interest- Bequest Account Interest on Loans ome 371 637 217 2,491 1,566 476 12 4,545 1,227 J. Ministerial Costs Stipends Pension Fund Natior￿[ Insuran¢e Appr¢lltice Le Travel Allowances Telephone, & Postagelstationery 105,325 27,463 9,674 527 1,546 1,831 146,366 l(M),482 26.184 9,175 514 3,523 1.907 141,785 4. Manse Cos Repairs, Fumishings & Decorattng Council Tax. Water Rates & Insurance M4mse Rents paid 17,256 11,485 5,400 34.141 14,212 11.789 5,400 31,401 Connexional Costs Distri¢t Assessment Distrct Levy (Ctrcuit Model Trn￿t Fund) 73.164 9.206 82,370 73.1fv1 731 73,895 6. Other Costs Ststionery, Postage, Me¢tings & Directories Qutnquetjnial Inspections & Removals Other Properties Other Payments, donations. and g¢￿ts 1,884 1,920 2,534 2,040 3,395 1,175 9,144 185 3,989 7. Inde endent Examination Costs Independent Examin&s & Ac¢ountan¢y Fees 600 600 600 600

Doncaster Methodist Circuit P8gell o the Financi ta ats: Ye E4nded 31 t Au 8. Tan ible Fixed knets Freehold Property Total 2021 CosLIFalr valut OD #cqulsition #s at 1st September 20211 As at 1st September 2020 AdditionslImprovements Disposals at C05t As at 31st August 2021 Depreelatio As at 1st September2020 Charge for year As at 31 st August 2021 Net Book Value As at 31st August 2021 As at 3 1st August 2020 1,054,837 1,054,837 1,054 837 1,054,837 232,370 21,097 253,467 232,370 21,097 253.467 801,370 822.467 801J70 822,467 9. Fixed Asset Investments IDvestmeDts 2021 CostlFair value as at 1st September 2020 As at 1st September 2020 Additions Di5posal% at cost As at 3 Isi August 2021 310,552 1,020 (9.827 301,745 310,552 1.020 (9,827) 301,745 10. Movernont in Funds Transfers Gtin/(Loss) Investments BalaDee J.9.20 Ineoming Resources Resources Expeoded Balance 31.&21 Unrestricted Pun General Fund Rossington M C Ca]r House Wesley M C Circuit Model Trust Fund Bequest Fund Marjses Maintenance Fund Farsi Proj¢ct No. l Fund MWID CYPMG Godly Play Fund for Fixed As5¢ts 262,130 18,261 30.379 235,006 76,477 41,485 245,883 (316,368) (16.320) 175.325 18,261 31,164 199.069 75,692 39,949 546 140 4,318 17,198 801,370 1,363,032 785 637 217 (16,074) (1,002) (17,256) (9,454) (20,500) 15,720 10.000 140 4,218 14,128 822.467 1,504,691 {500) (18.943) {21.097 {400,694 600 10,500 259,035 Trnnsfers G&in/{IA)5s) Investments Bal*nce 1.9.20 Incomlllg Resources Rtsourees Expended Balance 31.8.21 estricted Funds

Doncaster Methodist Circuit Page 12 Notes to e Financi temen s.. Year En l l. Anata sis Net Assets Betwee FuMds T4n¥ible Flxed Assets IDvestm¢nts Net Current Assets Total General Fund Rossington M C Carr House Wesley M C Manses Maintenance Fund Circuit Model Trust Bequest Fund Farsi Fund MWID CYPMG Godly Play Fund for Fixed Assets 175,325 18,261 31.164 39,949 (26,144) {840) 546 140 4,318 17,198 175,325 18,261 31,164 39,949 199,069 75,692 546 140 4,318 17.198 801 370 1,363.032 225,213 76.532 801,370 801.370 301,745 259.917 12. Sta Costs 2021 2020 Salaries EnTrployels National Insurance Employews P¢nsion Contributits Appreniticeship Levy 90,666 5,218 2,706 453 99.043 77,861 3,550 2,462 389 84.262 Therc were an average of four employees during the year. No employe¢ earned in excess of £60.000 per annum. 13. Loans The Circuit has made two loans. Interest is charged on thes¢ loat)$ so that no ¢ost ts incurred by the Circuit. No expenses have b¢en paid to any it)dividual in respect of theAr oifjce of trustee (i.e.as part of the Circuit Meeting). IS. Commitmen There were no eommiknenls as at 31st August 2021 (2020-. None).