CALDERDALE METHODIST CIRCUIT (Chanty registration no. 1134254) ANNUAL REPORT For the Year ending 31 August 2021 CALDERDALE METHODIST CIRcIMr TRUSTEES, ANNUAL REPORT FOR THE trEAR ENDED 31 AUGusf2021 kntroductloTr Th￿ report and Accounts eover tho year 31 Au9USt 2021. Ainw and oryni#ation Cl￿1￿$ mission State￿nt Is 'S8•lng vth¥t Gtyj IF doing In Calderdale and loinlng in" To fu￿1 thls vlslth) our mt58M prioritiw aro.. Enabthng, r8SOLrrcing and 8uppo￿n￿ our chur￿￿ In their l0¢4 nwion of bvlng God and their Treighbour8. Fa¢ilrfati"ry our thurthè# ift twher as a $u¢h mwion as b teBt done jolntty. Enet•Jr8glrvJ ￿ery rn8mt*r of •ad) ehurth to bo a dlsdple of Chrfst In the wortd. Nurturing prcffjth9 the Christian faith in Cdd8rd8J8 in partnarship Oth•￿ wh8rev&r p￿SIb￿. R•vlowofth•y•Ar Cir¢uit Intome 15 primarily from as5wmgnl paid by the drcu4t churches. Thi5 assessment income 1$ a reducb¢)n of 1.2% on Ihe previous yoar. treTrd* Ther• wa$ 8 redurjion In the numb8r of pr￿￿eT8 during the ￿8¥ from 6 to S. Stipend wgndiluro has incroased èach finanraal year in line ￿th eonf•mne* approved inL¥eases and total salaries paid also r•fioct thanges to staff arKI working ￿)UrS et Grant pa￿ents to support local ¢hufchès r8dU￿d. This was mainlYd￿ to hJw•r surport gNen to our laryest church, ￿house Central, as th•y continu• to seek to d$¢4m the way lorwar(l in their 8ffort¥ to increase their mlssien n thwr local area wilh Iho holp of improved faulth. Part ol Ihi$ r8dudtDn 1$ duty to timing diffe￿nCes. 22% 01 expendtture is the Circuit contribution to the District and Connexlon, of whith 8 Significanl part Ss us•d to lund the WO￿ of th• ￿￿er v0th0d￿t CMrth. Add￿￿allY thls year indud8s £165,693 t*ing the levy payatle lh8 Mod81 Tn￿t Fund on tho 5a1•5 of tsvo properties. Fund bal A8 at 31 August 2021 Ihe Un￿tr￿Aod n•t ￿rrent assets of thg Circiwt we £450.878 gi￿n9 appmximatsly 13 rnonti￿ ¢ov•r for oypgTrdituTe. Tangib￿ fixed assets totalled £1,435,015. These figurès •xclud8 sums hgld in t￿ rirt>Jrt mod trust aeeount arnounting to t461,396. Other r85trith funds *mount tts t89.534 and End¢￿T￿ont lund6 total £50,330. Tr total clrcufjt hJr*ls Ihwaforè 8 È2.487,153. fmartial for Ihg c¢¥nw yew are based h8￿ng 4 Ordai￿ staff, but wilh the provision to i￿rea9e the nurnb•r of lay Ornployegs to asslst them. with ant￿pated cost ol Imng sb"pencJ Inereases. ThK* reduction of on• mini$t•r ￿11 redu￿ co$K and ￿Idget6 haw Lwn produc4d $hm*ing that a d8c4èase w￿1 be regwred in the arojrt churchès 8$8essments. A Cirtsjit M8na9ement Group ha5 been set up, Initially to rovkryw the strategy regarding tho omploymènt and allorAtion of igy Wt)rkers. At th¢ end of Ihè year had Vacanc￿ due to retirement at)d one transfer within thg Di$tricL We are awarè thal tho effects ol the ts)ron8virus p8ThIemic Continue to unfold, s￿ritual 8md finanrial impl"catr"on6 lor thè Circuit and our iThYividu81 CALDERDALE METHODIST CIRCUIT Trust•e'8 Annu•l R•port on Flnan¢• and Govornance Achlovements and porfomiance The circuit policy document is reviewed anually at the March circuit meeting and updated as required to rèflect the current structure and aspirations of the circuiL In June 20218 report enlttled Moving Forward was agreed; the culmination of various initiatives over the18st few years. Part of this rerort established four sections of churches, geographical where possible, within the Circuit each under the oversight of one presbyter. The aim being to encourage those churches to work more closely together. Basls of preparallon and legal framowork The Charity's annual report and accounts for the year ended 31 August 2021 have been prepared in accordance with the Charities Act 2011 and the Charltles." Statement of Recommended Practice 2015 as applicable lo the Charities SORP IFRS 102}. Full Name of Charity: Calderdale Cirwll of the Methc4Jist Church. Registration Charty Number.. 1134254 Date of registration." 1110212010 Main communication address.. The Circuit Office. Salem Methodist Church. Richmond Street. Halrfax, West Yorkshire. HX15SX The members of the Calderdale Methodist Circuit meeting are Ihe Charity Trustees, membership being made up of circuit office holders. minl$ters and representatives appointed by the local churches. Full membershlp is shown as Appendix A to this reporL Clr¢uit Minister8 and Offlcern Active Circuit Ministers and deacons Revd T Keen (left 31108121) Revd M Cheetham Revd C Sherwood Revd P Welch Revd K Hfrathcole Circuit Lay Workers Mrs S Christie Mrs P Hales Mrs P Prosser (retired 311081211 Mrs S Longman (left 311081211 Circuit Steward8 Mr G Buuer (Tets'red 31108r21) Mrs J Taylor Mrs L DavenF#Xt Mrs M Whiteley Miss C Stafford Mrc Tolson Mr B Young CALDERDALE METHODIST CIRCUIT Administrator8 IAr3 L Lupton Mrs J Clark Mr P Markham (c4rcuittreaSLtrerl acted 48 the pdndpal officer overseeiig the day to day frnan¢ial management and accounllng for the circuit durlng Ihe year. Indopendent examiners '. Bair8tow & Atklnson, Ch8rtered Aocountsnts. Carlton House, Bull Close Lane, H4lifax. W9$1 Yorkshire. HX12EG Investment Bankern.. Central Finance Board of the Melhodlst Church Trust8e$ for Methodist Church pu￿0￿% Aim• and org•ni•adon Tho cha￿ty obieclive i$10 o¢t as a resource provid8r wlhkn the area around Cald8tdale for the Methodjsl Churth.. The purposes of the Mèthodist Church are and sh811 be deemed lo have been Sin￿ the Date of Union th8 advanoment of.. a) The Christian fallh In accordance wlth the doctrinal 8tandards and *Jlsupline of The Methodist Churc*., bl Any charitable purpose for the time boing of any cOnne￿onal, DSslMtX. Circuit. I￿al or other organisalion of The Methodlst Churd).. cl Any charitablg purpose for the lime being of any society or instllulion Subsidiary or anclll¥ry to The Methodist Churd).. dl Any purFose for the time being of any charity beirvJ a tharity subskylary or ancillary to The Methodist Church The organisation and re￿uTClng of reguLgr public acts of ¥wrshlp open to members of the chui¢h and n(￿ members alike. The teaching of Chri$tianlty through sermons. courses and small groupg. The fesourary of p•$loral work including vi8i16ng the slck and bereaved. T¥king religious assemblies In local schoDIs. Prtsmolion of Chrislianity through the gtaglng of event8 8nd ¥ervlce8. ProwBron of chaplaSncy ser¥ices to the Ic¢81 unr¥er$6ty aThJ olh8r Sn8tiluti¢Jn$. Public Bon•flt We conffmi the trustees have had regard to the Charity Commi$$ion'5 guidan on publlc b8nefft. Struc￿1•. G¢v•rnaTrc• and Manag8mort The g¢)vemlng d(Kument for the arrJJil IB the Deed of Unlon {1932} and me￿)dIst Church Act {19761 Detalled goveman¢g orraro8merts are outtined wllhln the Consbtubonal Practtce and Discipline of the Methodist Church by order of Ihe annual conference ICPO}. Three Circurt Meetings are held each year lo dis0j￿ matters relab.ng to arr#Jit activities. Day to day managom$nt of the circuit is undertaken by the Cir￿111 Leadership team along tho Clrcuit Stevrards Meellng. the Local Preac*ers meeting, the Ciwit Finance and Property Committee and the CircLNI Poli¢y Committee. Othèr drcuil committees also rnaèt regarding manses and graveyards. There is also a h•dt¥ge comrnittee whl¢h provides an ovorview look at the churches at Mount Z￿)n arKI HeplonstaN. CALDERDALE MEfHODIST CIRCUIT Trustse TTrining A range of guidance prtsyuced ty Melhcrflisl cOnne￿On to support the effective wnning of the ¢￿¢￿it , specifically the leafiet'Th8 R￿e of a Trustee in The Methodl$t Church. Is gNen to all new Clrcu meeting members as induclion to thelr rcAe as trustees. Relat￿ Parli•s The Circuit is part of the Yorkshire Wesl DIstrI￿ and is also acGountsble lo the mell￿￿15t Conference. The followng Metrh>Ji$t Ch￿he$ are Ilnked to the clrcut. Bethesda. Bl8ckshaw Head. Boothtovm & Soulhowram, Brighouse Central, Christ Church LEP, Clrfton. Cross Hills. Hebden Royd, Heplonstall, Hlghgate, Illingwoth M¢Jor. Mount Tabor. Mount Zion, Northowram, Salem, Southgale, St Andrevls. St. MattheNV$ LEP. St. Paul's, Stones and Todm0￿en. Rltsk Managgmgnt The malor risks have been identifled and Rcorded by the Circurt Finan￿ arvj Property Crynmittee with professional advice taken as requir&J. There Is a fegulaf anrK￿I miew process undertaken and recorded. Income and Expenditure Is being monitored in total and is compared with the approved annual budget on a regular ba318 to detect trends as part of the risk management process to avoid unforeseen ca118 on reserves. Safeguardlng Every person has a value and dignity which comes directly from the creation of male and female In God's own image and likeness. Christians see this potential as fu￿lled by God's re￿eation of u3 in Christ. Among other things this implies a duty lo value 311 people as beariTh) the Image of Gtsj and therefore lo protect them from hami. M¥thodisl Connexional practice outlrE5 wnmgtmeTrt lo the foll￿ng pYlnc4ples.' the care and nurture of, and respectlul pastoral minlstry wmh, all children, young people arnl aduKs the safeguarding and protecllon of al Child￿n. young people and adults they are vulnerable . the establishing of Safe, ￿ring communiéles whth provlde a lovlng envlfment bthere there is infom)ed vigilanrx a$ to the danger$ of abuse. We wll carefully select and traln all those wfth any responsibility wlhin the Church, in Nne wlth Safer Recrultrnenl pnndples. Ineluding the u8e of crimwial fecord8 disck)8ures and reglstsatlon wth the relevant vetting and barring scheme8. . We TrMII respond without delay lo every complaint made which suggests that an adult. child young person rnay have harmed. cooperating with the police and local authority In any investSgatlon. We vlll seek to work with anyone has suffered abLW, developing wlth thèm an appropriate ministry of irrfonned pastoral care. . We will seek to challenge any abuse of power, e8peclally by anyone in a position of trust. We wll seek to offer pastoral care and support, induding supervision and referral lo the prwer aulhorfttes, to any member of our church ￿rnMunty known to have offended against a thild, young person or vulnerable adult. . In all these prindples we wll follow kgWatk)n. guldance and recognised wod practice The Caldedale C1￿Ult ￿MMit5 Stself to ensuring the implemenlalhjn of Connexional Safeguardlng Pglicy.. g¢)vernment legislation, guidance and safe practice in the C1￿Ult and in the churches. The Calderdale Clrcurt commfts Itself lo the prov(slon of support, advice gnd tr8ining for lay and ordalned people that wll ensure people are clear and confident about their ￿leS and responsibilib'es In safeguardlrrfj and womotlng the welfare of ¢hldren ond •Jull8 who may be vulnerab￿. CALDERDALE METHODIST CIRCUIT Rvs•rvos Policy Tre Reserves Policy for the Circuit is to hold minimum working capital equivalent lo 3 months. average expendibjre. This should be sufficEnt lo meet any unforeseen item of major expendrture on manses and l or to be able to continue, in the short temi, funding planned activities In the event of any inability to raise the full Circuit Assessment from churches. Aéditionally, to include any amounts authorised. but not yet spent, for spectfic Circuit projects, grants for bullding schemes, and gr8nl$ for individual church miss￿n projects. The truslo9s d•¢lare that thgy have approved the tnmtees. report above. Slgned on behaff of the charity's trust889 Slgnature8 fr4- e. Full nam•8 Rev Colln Shornood MrPLee Po8ltlon ChalmianlJolnt Superfntendent Mlnlster g Thtrxrcq S¢¢rotsry Date CALDERDALE CIRCUIT OF THE METHODIST CHURCH AS AT 31 AUGUST 2021 App•ndlx A Full list of Trusts￿ In tho porlod and at the approval date Ash¥ood Patricia Mccartney M8rian Bailey Linda Mitchell Adrian Bednall Marion Mitchell Alison Bendey Mike Mitchell Andrew Bowden Moore Margaret Morgan Margaret Mullin Leah Munday Roger Nicholl Michael Normanton David ogden Kathryn Peld) Michelle Pollard Marianne Poole Revill Janet Roper Cathy Saville John Scott Harry Shaw Christine Sherw¢)od Colin Gregg Smith Andrew Smith Graham Smith Judith stafford Carolyn stirral Georgie Stott Mary Summerskill David Taylor Julie Teague Tolson Turner Webster Webgter Welch Whiteley Wild Wilkinson Williams Young Widdop Yates Grayde Bradley Liz Bridge Glenys Briggs David Briggs Hilary Burkinshaw Jennifer Butler Geoff Chadwick Christine Cheetham Mark Christie Stella Clark Janet Clarkson Val c￿pe Margaret Davenport Lesley Dobson Alison Edmondson Glenda Greenwood Ros Greenwood Arline Greenwood Howard Guy Peter Ha￿h Marga￿t Hales Pamela Heathcoat Kathie Hellowell Angela Heward Val Highley Sue Holmes John Hubbard Rita Iredale Keith Kay Judith Kennard David Kent Graham Kidd Gillian Philip Colln Pippa Paul Chris Geoffrey Leslie Pat Paul Margaret Keren Simone Elizabeth Bob Joan Susan Lupton Markham Resignations during the period Alexander Breeze Brown Carnley Eggleton Hannam Holmes Keen Keen Cheryl Jessie Craig Lee Val Stephen Edward Lind8 Tery Longman Pickles Prosser Robinson stoner Sutcliffe Taylor Tolson Wilson Sharon Anne Paula Chris Bob Dorothy Patrick Wendy John CALDERDALE METHODIST CIRCUIT (Charity registration no. 1134254) FINANCIAL STATEMENTS For the Year ending 31 August 2021 ststomeTrt of Flnancral Acllvilio• (SOFA) for lh• year ended 31 Augu812021 l)•¥lgn•t•d Oon4rn1 F￿d Trwt Fundo llelltsl¢￿ Enth)wmAnt Tdal •C¢OUnts (unr•#rfctsdl Fund8 201fv29 Incomè 1 DoAgtth8and 2 IKomelpTrmThJnetatyin¥•knnts 3 thwn8fvn Inwsbnent prorriè3 347 1,771 4$7,161 301 5,310 1,720 40T.161 482.oeo S ca￿￿al Rwts 6 Grants rece￿￿ 7 Othorch8ritabl• kicome 13.025 472,W4 IJM25 474on Joi ExWndl￿r• 474.568 9 Gr8nisard(k?￿9ti 10 sala[￿On¢ 89*xiaiadK¢* 11 Pwrtymaintsnan 12 Conmth81 asaw¥rnent& nbjdei 18 DMlrdAsg8S8WI& I 14 Depr•oat 15 OlThr*axptnsEB 16 Other(wtyohigB 17Tor•l ¢hartt•bl• 18 ￿r￿lik)s￿10n munetary investmen 19 G&nsllAx8¢81 in¥e$lw*rrtproperbes 35.927 349V 271.770 44,700 248,220 17,441 115.262 343,70¥ 53.158 247336 31,932 73.027 17.441 879 11.151 30.117 411.7 12.768 175.014 179 15.sets 11.107 12,013 51.Crf8 895,629 49 261.89$ 179 IA49 1A19 61.116 495.705 ,443 8￿14$ 2.268,03 -2roj￿21 495.705 122 21 Transf•rs bet*w 22 OTh¢rg8lWkést&) 23 P4Dt mo¥M)•hthbfvfftts 24Tctsifund5 br0u8hifo￿￿ré 25TOtallur*starthdlowrd -197,141 -221.1 12 io 1.W 443 48,481 2.$30,451 2A8T,153 -221,1 2.BS1.551 2.eg0.451 2X.519 461J96 89.412 8¥.534 CALDERDALE METHODIST CIRCUIT CINrt No 27134 Statement of Financlal Activities (SOFA) for the year ended 31 August 2020 Not•• to CITeult Plod•l LknslgnatBd General Fund Tnmt Fund¥ R••tricted Endo￿nI Tolal a¢wunt8 IUnr••irlctsdl IUnrestrkt•dl {￿r•ati1¢tIrf1 Funds 2019-20 Income 1 Donation8 8TrJ leg81ie5 2 from [r￿￿tary investments 3 Income frorn inv8strneni proFerles 4 A55888menls on Chut¢ 5 Caph81 Receipls 6 Gr8nts re￿ 7 Oiher th01rta￿e B Total In¢omo 1264 1.720 462.860 3.282 &310 1.720 4848eo 4,698 470.542 4.8VB 474,518 1282 764 Exp•nditur• g Grants and donalions 10 Salarie5 8rM188swatsd t¥)sts 11 Prgperty malntenon 12 C￿ne￿n?1 o$SPSsment & model Irust 13 CIJtridAs8essment & L 14 oeprtsuat￿Tr 15 OfThre expensas 16 othor outg 17 Total charltablo 8ApgfKlllur• le Gainslllossesl ￿ monetsry Inve$Mer 19 Gain81(￿e￿I on hwestrnenl propert 20 Not Incom•ll•xpendltur¢l 21 Tr9￿fers between lund$ 22 Other￿in$l(lo¥seS1 23 Mèt mo¥8mènt In fund• 24Totsl funds brouEhtfoFward 25Tothl luTrds carrkd forward 115.282 73,840 39.626 22,￿9 116,262 343,703 13.$32 75,5 Is.e86 879 12.013 46.621 4¥184 ITI 98,276 15,686 4483 12.013 $1,068 694629 5.504 4.447 281218 ITI 12 18.35 -78,548 4S7,986 78.548 49 421.10D 13 42.1WI 2,308.229 1266,OJ9 .179.438 405.W 224519 49 -221.100 48,540 2.851.551 48,481 2.634451 88,825 89,412 CALDERDALE METHOCIST CIRcurr Clreult No 27134 Balance Sheet as at 31 August 2021 GM•rnlFund IiknMlrtt•d ¢￿utt Mod•1 Totil• 2019 lu (UNY•￿et¢0 TQJt &EqL*meM 1.435,015 I.￿$￿78 hi¥&stment4 50,3 48,4e1 1,414015 18.170 18.170 L￿Sby1h&ctrC 461,396 $15.•31 Cgntrw FvwrrxeoHrd Dys C85h atB&nk t40,577 140,577 307.716 J39.7J 461J96 1.110,eoo IIB.0S2 108.852 102.995 201&19 102.9 45OJn 19,524 $0,33• 2.IJO,4JI duèaftÈrn￿rethBTr￿Thp Giar115gaoA•*W201&19 LO¥igtoth8 461,396 1fy,330 2M07.113 2.830M Fu￿$ of th• ClrruN IUrrf•s 1,885,8•3 461,398 22fj0.rr 2•519 14 481,396 J•Agh**d Fur￿£ IUnf*strkiedl 2,34T,219 2M92.111 14 14 99M4 TotyiFund8 IIW93 461,396 J30 2A17,1fj3 2ts30M51 Sign•d Circuit Treasurer CALDERDALE METHODIST CIRCUIT Notes to the Accounts for the year ended 31 August 2021 Baslg of Accounwng and Acct)untln9 polirh• Aeeountlng *tandaw The financial statements have been prepared In actordance wtth Accountlng and Reporting by Charities:Ststement of Recommended Practlce ISORPI èpplicable to charities preparing thelr accounts Sn accordance with the Flnancial Reportlng Standard applicable In the UK and Republic of Irelantl IFRS 102lleffectlve from l January 20191- (Charities SORPIFRS 10211. PubfK ￿nefIt •nVty The Calderdale Method15t Circuit meets the definitlon of a public beneflt entity under FRS 102. Assets and liabilfitles are initlally Teco8nlsed at hlstorical cost or transaction value unless otherwtse Stated in the relevant occounting policy notelsl below. These attounts have been prepared on the basls of hi5torlcal cost except that Investments and manses are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts that show a true and falr vlew of the Circuit's flnancial posltion and artivitie& Contsnt The financlal information presented 15 relevant, reliable, compardble and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expre55ed In £sterlln& rounded to the nearest pound. FRS 102 80RP 2019 These accounts are compliant w5th FR5102 and with the FRS102 Sorp leffective l January 20191. The accounts have been p￿Pared In accordance with the applicable charky law in England thls being the Charrties Act 2011 and Sl 20081629 Icharlties Accounting and Reporting Regulatlonsl and, pending the m3klnB of replacement Regulatlon5 Specific to SORP 2015 In accordance wfth Re8.814lldl of Sl 20081629. Golng Con￿rn Based on the monetary assets and human res(wrces available at 31 August 2021, the tnjstees believe that the Circult is a golng concern. ¢oMolldatlon The clrcult has denomlnat5onal regulatory overslght In respect of the work of churches wlthln the Circult but has no legal or operational control of ihose Churches and their goveming bodies except in eXt￿me CiTcumstances. For this reason, the financlal statements of Churches w6thin the Clrcuit are not consolidated into these fSnant131 ststements. CALDERDALE AIETHODIST CIRCUIT Notes to the Accounts for the year ended 31 Augurt 2021 l Ba•1• of A¢¢ourrtlftg and Ae¢owrtln9 pollcl•* {conL Inc+>n• r•cognltson Income is brought into account when therels an entitlement and the amount is ￿ljabty ffleasurable once it is more Ilkely than not that the economlc benefll of the income will be forthcornlng. Individual amounts categorised as "Other income" in the SOFA wlll be shown seperately if they are consldered materlal. The clrcuit acts a5 agents in two matters.. The collettion from Churches and paymenl over of thelr eontrlbutlons to various Funds controlled and adminlstered by the Methodist Church- "Connexional Funds" The administration lapplicatlon. collection and di5bursementl of granls requested by Churches within the cir¢uit from, but not Ilmited to, the Dlstrict and Connexlon. In these matters the transèction5 are not reflected in the SOFA because they are the income of etther the Connexlon or Churche5 as appropriate. Instead the trans3¢tions are disdosed in the Notes to the Accounts as requlred by SORPIFRS 1021, module 19.12. In accordance wlth the Charitles SORPIFRS 1021, the tlme of volunteer5 Is not recognlsed. Further Infomiation on this matter is provlded in the Trustees, Annual Report. If goods are donated. a value will be shown in the SOFA or Notes where the valuels considered material. Exp•rNllturo This is recognlsed when a Ilabilty Is incurred, or a constructive obll8atlon arises, where the amount 15 reliably measurable and 5t15 consldered MO￿ likety than not that there will be an outflow of economlc benefrt. Grants Grants made by the circutt trom Its own funds are recognlsed in full at the tlme of agreement to make a grant without perfom)ance conditions or as and when the Clrcult accepts that there is a legal or operational obligation to make the payment rf it ts sublect to performance condrlions. VAT Slnce the arcult is not registered for VAT. all Input VAT is charged with the expenses to whlch it refers. Tanglbl• fix•d These ale capltalised If they can be used for more than one year, and indlvlduèlty cost at least £1,000.00 The freehold property is shown in the accounts at market value as valued by an independent valuer (Peter Green FRICS of Brearley Greenl in 2016.The appropriate values are not anticipated to have changed materially since that date.No depreciation Is provided on the propertres because the trustees consider the current residual value of same lon the assumption that It ha(J reached the end of its useful Ilfe by the year endl to be not less than its cvrrert value. Any dep￿CiatIon WOLFld not be material. Depreci3tlon is provided at 20% per annum on c05t on equipment and 25% per annum on cost of motor vehitles. CALDERDALE METHODIST CIRCUIT Notes to the Accounts for the ye8r ended 31 August 2021 1 Basis of Accounting and Accounting poli￿eS I conl.) Monotsry Investments The Circuits investments are in monetary assets classified as basic financial instruments under FRS102 and ate held by the Trustees for Method￿t Church Purposes ITMCPI as ujstodian trustee8. The valuations, al market value, are those provided by TMCP. The un￿aliSed galns arising on investments at the year end are shown In the SOFA. Recefvablas and Payablo5: Bank and Cash (Bas1¢ Finan¢lal Instrumonts) Deblors are stated at the amounts owed to the Circuit or prepaid. Creditors *e initially r￿gnised at settlement amount after trade discounts, where normal credit ternis appiy, or the amount advanced lo the Circuit.Subsequently creditors that are current liabilrties are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit fund balar￿$ are shown at their realisable values. Methodist Connexlonal Fund8 The Methodist Church Connexion raises assessments against Circuits and these are pa￿ quarterty lo thelr Dislri¢ts. The Circuits raise assessments against Churches in the Circuit. The Distri¢t quarterty remits to the Methodist Chlirch Fund most of the sums we￿iVed from Circuits. A small sum is retained by the District to meet its own ￿$1s. The Circuit may act as agents for'ad hoc" collections for various funds Control￿ 8nd administered by the Methodi$l Church. Endowment funds Where the Circuit holds money that may not be spent and musl be relained las caprtall to generate an income the money or assets lo be retained are classified as an Endowment Fund. The capital will be shown in the balance sheet in the ¢olumn for endowment funds. The income may be restricted or unrestri¢ted depending upon temis of the endowment. CALDERDALE METHODIST CIRCUIT Notas lo the Accounts for the y8ar ended 31 August 2021 2 A88•B•ments on Churehg8 The Circuit comprises of 20 churches and each is assessed for a contribution to meet the over811 nel costs of the Circull. The circuit aims lo Cover all it's net Core costs from the ass8$smenl. The assessment on churches is annualty delem)ined by the Circuit using a fomiula which lakes into account the number of church attendees. the number of members and its not incorne. The relevant churche¥ are as follows.. Bethesda Blackshaw Head Boothtown & Southowram Brighouge Central Christ Church LEP Cirfton Cross Hills Hebden Royd Heptonstal Highgate Illingworth Moor Mount Taboi Northowram Salem Southgate Si Andrew's St MattheYl$ LEP Sl Paufs Stonets ToclmLYden 3 Grants and don•tlon8 2021 2020 Brighouse Central- expenses shortfall- mission - repalrs Clifton - lay pastor Mt ZK)n propety work and utilities Illingworth Moor- layworkers Christians Together Calderd8le- donation Crosshills Hebden Royd Christchurch 14.200 84,724 6,851 6,800 6,707 4,000 3.250 2,730 200 7.770 6,707 4,￿0 3,250 116262 CALDERDALE METHODIST CIRCUIT Notes to the AC￿Unts for the year ended 31 Augusl 2021 4 8alartO8 and 4o•oclit•d ￿$t* 2020121 201W20 Gross wages and 8alori85 Emplo￿$ nat￿n* insurnnc• costs Pensh)n cost8 219,761 17,fy)0 280,326 18,614 Average number ol staff omployed dur￿9 the ￿Or No employees ro¢elveO total remuneration in excess of W.(￿. 6 Property m*lntsnanc• 12 Manse propBrties Costs re unu8e(I church Graveyards upke8P 27,420 10.277 7,207 39,206 745 6 Paym•nts to Tru8t•e There werè no Pa￿￿￿Trts madg lo trustees for addrtlonal $8Thrces provlded to the dr¢uit by agreement ￿th the Clrcuit meetlng, except paymenls m8de to mlnvst8r$ and lay workers as their sllpends.Th¢ SuPe￿nIend6nt of the ClrcJJit, the other Presty8rs and the refflalnlng rnembews of ￿ ¢ircult l&ade￿h1P team are con$id6rgd as kty management personn&l. Th•y ¥e al afso trustees. The remunerndon paKI to this group of indivkluals totslled £261,186. A h)an of £1,500 was mad& to a trustee durfng the year 8nded 31 August. 2019, ￿th £6￿ outStandu￿ at 31 Awust, 2020. Thk w83 repaid in ftjll during the year. Twstse expenses Numbgr of trust¢e8 Total amount pald 373 Expense payments wimary relat¢ lo relmbursem8nt fortravel and computer costs. 7 F••¥ for Ind•pendent gxamlnaiion of the a¢¢ounts Independonl examiners fees. (XherfaÈ$ p*d to the indepen¢Jent examiner lauditorl 8 For Infomiatton only, Money ro¢•iv•d #ftd pa￿d on to Ext•mal Ory*nlgatiMs Balan￿ bro￿ht fi)Jwatd from last yeor Offeringslgifts re￿Ived for &xtemal organi$8I￿nS Offeringslgrfts pa4ed to external org&ni5ations BalAnc• cathed forward 8.471 8.471 8,6S3 9 Capltal Commltm•nts and Condngènt Li4bllltl At 31 kngust 2021 the Ctr¢uit had no caphal comfflitmonts or contingent labJlhle$. CALDERDALE METHODIST CIRCUIT Notes on the Accounts for the year ended 31 August 2021 10 Tanyiblg flx•d as80ts Colt or Valuatlon Fixturosl Motor •quipment Vghlc an88B Total Balance brought foThYard Additions Revaluatrons Disposals Balance Ca￿led forward 1.885,000 5,927 22336 1,913,263 460,000 1,425.000 460,OC(I 22,336 1,453,263 5.927 Accumulated doproclation Basis Rale WA SL SL 25% Balance brought fopward Depreciation charge for year Revaluation Disposals B81ance carried forward 8,376 5,584 11,785 6.463 879 4.288 13,960 18,248 Nol b¢)ok value Brought fO￿ard Carried foNRrd 1,885,000 1,425,000 2.518 1,639 13,960 1.901,478 8.376 1,435,015 During Ihe year tsvo manses which were no longer required were sold, resulting a profit on disposals of £54,443 11 Investments The funds that support the C1￿Ul1 Model Tnjst Fund and the Manses Fund are held by TMCP in Trustee Interest Funds on which interest is credited lo the accounts each month. These are regarded as medium and h)ng lemi investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property. includirrfJ legacies, endowments and accumulated funds. Trust propety is held for and on beh8W of local Managing Trustees who are responsible for the day lo day manag&ment of trust property. TMCP en$ure8 that. through providlng guidance and acting under their direction. the Managing Twstees Comply with charity law and Methodist law and policy as detemiined by Melh¢Jdist Confere￿e. CALDERDALE METhODIST CIRCUIT Notes on Iha Aco)urrt8 for the yearended 31 August 2021 Inve8tm•nts ItonL) Anaty•l¥ of Inv•8tmoftt mov•m?nt8 Inve$trnonl3 liste<1 on 8 recognised Stod( Exthange 2021 2020 Invèstsnents held in o)mrnon Investrnant frJnd$ Sewnties not list•d on a recogni8ed stock Exchan Co8h deposits at TMCP 12,034 10.213 38.296 50.330 Total 38,268 48,481 Change Invastsnenf values Carying (market) valuo at b•ginnng ofyeai Add.. add￿OnS to invest￿Ents 31 cost L8$8.' disposal$ at ca￿ing value Ngt gainlloss on revalue￿n Carrying lrnarkstl valuè ot year end 48,481 48.540 1849 50.330 48,481 12 Trnn8f•rn b•I￿On lund• Mansas are induded in th& Balance She8t as General Funds (Lmresldctedl. When man$es ar• $old, ho￿er. Methodlst rules $late that tha pro¢xods mu$l be paid into Ihe cl￿11 Motsl Trust •ccount {CMTI. Similarly proce¢ds from sales ofchurthes are paid into thè CMT, wher88¥ the eosts of m•intaMlng and preparing the churchas for sal? are inTrtially paid from the circuit general funds. Addltionalty, thère is somFJ expenditurè inla1￿ p8ld from Ihe Ggnerdl Fund awaibng reimbur8em•nt frorn the CMT aewunl, and lund3 transferr8d from the CMT to cover certsin future paymènts. DurirvJ thè year £495,706 was transferred to the CMT acxxjunt predominarfy from the salo oftsvo manse$. 13 Anal￿1* ofeutr•nta¥W• Debtor8 and pr•pNymgnts Sundry deb 18,170 28,953 18,170 Anth￿1¥ of eredltorn Ass8¥sment¥ in adv•ncg Othgr credit¢TS 91,642 89,110 13.885 102,995 CALDERDALE METHODIST CIRCUIT Ncles lo the Accounts for the year ended 31 Auwst 2021 10 14 D￿lled analys18 of indlvldual fund Th￿eMentS Unr•strl¢ted funds Openlng 8alance 2,266,039 226.519 2,492,558 General Model trust fund Incom• Exp•nded Trnnsfers C1081ng Balancè 527,347 411,788 495,705 1.885,893 261,696 495,705 461,396 873,484 0 2,347.289 The general fund Is for the furtherance of the general objfjctives of the circull. The Model TNSI Fund support8 initr"atives in mlssion, ministy Ind outreach. Restrlcted Funds Total 528.215 Opènlng Balance 13,993 40,949 28,470 89,412 In¢om• Expended Transfers 47 28 158 losing 8alanc• 14,012 47.013 28,509 89,534 M Halstead lègacy King Cross caretakers house Ebenezer caretakers hou8e 57 179 Total 301 Endowment Nam• How ¢apital Investgd Curnnt capltsl valy• Annual In Various funds117) Trustse5 for Meth Ch. The restrrcted fvnd8 are for tho foll¢Mng purpose5.' M Halsted - Town centre development King Cross caretak8rs house- Supports Inillatives in mlssion. ministry and outreach. Etenezer c8retakers housg- Supports lnillati￿ in mission, ministry and outreach. 50,330 190 CMiparatlYo an•ly818 of Indfvldual fund movements 201912020 Unrestrlct•d fund8 Openlng Balanco 2.308,229 405,957 2.714,186 General Model trust fund Income 470,542 3.282 473,824 Expend•d Transhrn Closlng Balance 434,184 -78,548 2,266.039 281,268 78,548 226,519 695,452 0 2,492,558 Total CALDERDALE MEfHODI8T CIRCUIT Notes on the Accounts for the year endèd 31 August 2021 11 14 Detaljod analys18 of indivldual ￿nd mov•ments (cont.) Comparnlive analysls of Indlvldual fund movement 201912020 {cont.) Restricted Funds Opening Balance 13,901 48,641 28,283 88,825 M Halstead ￿a¢Y King Cross ¢aTetakers house Ebenezer caretakers house CIo8lng Incom• Exponded Transf•rs 8alan¢o 120 28 13.993 401 93 46,949 243 28,470 89,412 Total 177 Endowment Namo How capital Inv•sted Currnnt ¢apltal value Annual inc. Trustees for Meth Ch. Various funds (17) 48,481 317 Tn*tWS' rnsponslblllties stattrment The trustees are responsible for preparing the Trustees, Annual Report and the financial ststements In a¢¢ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿). The law applicable lo Charltles in England and Wales requires the trustees to prepare financ5al $tatements lor each accounttng year which give a true and fair view of the state of affairs of the chanty and of the incoming resources and applicabon of resources of the charity for perfod. In preparing these financial ststemenls. the trustees are required to '. select suitable accounting policies and then appty them consistenty.. observe the methcds and principles in the Charities SORP IFRS 102)- make judgements and estimates that are reasonable and prudent,. state whether applicable accountining standards have been followed, subject lo any rnaterial departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are res[L￿sible for keeping proper accounting records that dis¢lose ¥￿th reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements ¢omply with the Chafities Act 2011, the Charities IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for laklng resonab￿ steps for the prevention and detection of frau¢J and other irregularities. CALDERDALE MEfHODI8T CIRCUIT For the year ended 31 August 2021 12 DECLARATIONS Tr•asurer I confim that Ihese accruals- based accounts for the year to 31 August 2021 have been Prepared from the records of the circurt and that they include all funds under the control of the Circuit mmeling. Signature of Treasurer Date 09-Mar-22 Name Mr Paul Markham Address 121 Wheadey Road. IM)eatley, Halrfax Pr•seTrlation to th• Cir¢utt m•etlng for approval. I confim that the annual report and accounts for the year ended 31 August 2021 were presented to the circuit meeting held on 9 March 2022 and were approved. Signature of the Chair of the meeting 09-Mar-22 Name Rev. Colin She￿￿0d Ind•p•nd•rt ExamIne￿¥ Report to TnMtee8 of Cald•rdah elrcuft of tl* It•thodlrt Chureh. I report to ￿ (*arity bwst8e8 on my examinatlon ofthe a￿lMI8 ofthe charlty Sjrthe •Thl&131*+tyyJu5t 2021 are set fjul on 3ge6 1 to 12. R•Bpon•lbNIIIBYS aThl ba•1• ot r•port As the Injstees a￿ r88wn$ible lor preparntton ofts aLtoL￿S in accfjn1a￿ ￿1th Ihe requkethrts of th* Charkn A¢1 20111lhe Acl). I repon in ￿pect of my 8xamlnBtitin olthe chaty¥ 8c¢ounl8 e4rrfed OLI Lwthr sedton 145 of Ac18TrJ In Ixrykng out my ethThn8thin I have the 8Mi¢ablE tjkedhns 9￿8￿ ty the ChartyComml8&k)n l￿er 8ethoTr 14515)Ibl oflho IndependerrtexamIr￿ff8 8t8tèmenl Sh1￿ the chanV$ gross thcome exr*eded £250.000 ycwexamiw t￿￿1 be H rn¢mber ola body SS1￿ kn 8edlon f45 01 the Acl. l (￿ArnI Ihat l am qualffied to undert8ke the examlrthon t*¢aU8e l am a m8rrthr ol th8 Insllute of Arth￿tan￿ wl ErylaThY & W8fe8. vthk* is one ofthe l$ted bodF8S. I Ik4ve completed my examin8tion. I confirTh Ihai m mater￿1 matters rthe lo ￿ attethn kn connea￿ whh the exSM￿s(￿n gw( me causè lo that Th18ny matertal ￿specI. acwjntlng reeord8 We￿ not lepl In respBCt ofthe tharfty as rewred tyseciion 130 of lh8 A￿.. or the axvunts do not OrA￿d with ttThe rs¢)Nd¥', gr accwnl8 do not Comp￿ th• appNcat#e reqwremwts ooncwrty the foftn aTrJ ¢ontent of Dut In the Ch8rtheè {A￿ntS and Rwrts) Rfjgulaipon$ 21JJ8 olher than any ￿qUIpment Ihat the a£￿U￿$ gfve a knje and f•ir vw is a malter ct)n5•1e￿ as part ofan thdeperbkn ex8minabon. I have rto c¢n¢em& and have cotne a¢ros8 no 01￿￿r￿at￿ers in cfjnnecytyn the examknatlon k* 8tl¢nUon tshouw be drawr in th report in ¢Nder to a proFW undetsiaFKlirwJ oflhe accounts lo ￿ ￿4th¢d. S*Jned PETERDYSOAI ¢HARTEREDAcGouNfANr Ywslow &Atknson Bull Close Lane Halhx HX12EG Oat• g March 2022 ## ## ##