CALDERDALE METHODIST CIRCUIT {Charity registration no. 1134254) ANNUAL REPORT For the Year ending 31 August 2022 CALDERDALE METHODIST CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022 troductlon This r8POrt and Acwlnts coverthe ￿ar ¢nded 31 August2022. Alms and organlsation The ¢ir¢uiYs mBsion ststement B "Seeing ¥that God Is doing in Calderd8le and joining in" To fijlfil thE yi5ion our mission prioribes are.. ET7ablng, r8sourcing and support*7g our churthes in their local mission ol lowing God their neiohbours. Facilt8ting our chuKhes u) doing togather a$ a ri￿rt such mEsion 8s is b8St done joinly. Encouragiig every member of eath ¢hurch to be a farthful dkyiple Df Chri8t in the world. NuTturitvJ wornoting Ihe Chri%tran farth in Calderdale in parlnershtD ￿ other5 wherever possible. Revlew of thg tncorne trends Circuit inume is primarity drawfi from th8 assessment pwd by the circuf( chur¢hes. This assessme￿ Mcome 8 r8duclbon of 3.6% Dn Ihe previoLE year ndI￿re trends There was a reduction in the number of presbyters during tt)e year from 5 to 4. Add￿.0￿81￿, 1 lay ernployee retired and was onty replaced towards the end of Ihe year, and DLJr Bugoa5is employee to takp up a posth.on a neighbouring rcurt. Stipend expenditure has increased exh finanaal ye8r in line wth conference approved increases and total salanes paid aiso reflect changes ta stafl and working h(yJrs etc. Gr8nt payments tts 5UPPDrt local churches weased. Thts was mainly due to tr dL8tribubDn olthe previous year's General Fund surplus of £61,000. 18% of &xpendthre Is the Circut contribution to Ihe Di8trct and Connexton, of ich a Signff￿arrt part i% used to fund the work of tre wder Methodist Chur¢h. AIdthona￿ thi% year Ir￿lud￿ £130,838 bewtg thè levy p8yabl8 from the Model Trust Fund Dn the so19 Of one prop&ty. Fund balances As at 31 August 2022 the unrestncted net current asse15 01 the Cinuit were £500,484 gimng approxjmatety 12 rnonth8 cover for expendthre Tangiblè fixed assets totallgd £1.653.555.During the year 4 manses were revalued leading to an In￿eaSe Df £510,000 over the prevtrous year. These figures exdude sums held in circurt model trust ¥¢ount amounting to £560.065. 1)ther restricted fund5 amount to £89,699 and Endowment funds total £49,595. The total arcuit funds therefore are £2,847,398. P￿n$ for 2022123 Circut fmaKial plans for the ¢0m￿g year ar? based hawng 4 ordained stsff, but with the provi&en to increase the number ef lay employees to assi8t thern. tKipated Cost of living stipend increases. Budgets have been produced showing that a smdl decroase wll be required in the circurt churth¢s assessments. At the end of the year we s*ll had one lay pastor vacancy, plus a Heritaog Offi¢er opportunty tr> tje funded from Ih& Circurt Model Trust Fund. We are st￿1 aware thatthe effects of the coronavirus pandernic continue to unfold. th S￿ritual and financial Impr￿atiOnS for the Ctrcuit our individual c*urd)es. CALDERDALE METHODIST CIRCUIT Trustee's Annual Report on Finance and Govéinance Achievements and perforniance The circuit policy document Is reviewed annually al the March c4rcuit meeting aThJ updated as required to reflect the current structure and aspirations of Ihe circuit. For the18St 12 months the Circuit hes been operating with 4 presbyiers. with the support of 2 lay pastors for much of the year. An additional lay pastor was appointed in July, 2022. There is still a vacant appointment to assist in the Upper Valley. It 15 anticipated that, once filled, this will be the model going forward. It was agreed during the year that the Busoasis projecl. having operated for over 7 years, had now fun ils course and would be concluded. Basis of preparatlon and legal frameworf( The Charrty's annual Trport and accounts for the year ended 31 August 2022 have been p￿pared in accordance wth the Challlies Act 2011 and the Charities-. Statement of Recommended Practice 2015 as applicable to the cha￿10eS SORP (FRS 102). Full Name of Charity. Calderdale Circuit of the Methodist Church. Registration Charity Number. 1134254 Dale of registration.. 1110212010 Main communication addre5s.' The Circuf( Office, Salem Melhodist Church. Richmond Street. Halifax, West Yorkshire. HX1 5SX The members of the Calderdale Methodist Circuit meeting are the Charity Trustees, meTnbership being made up of circuit office hokJetE, ministers and representatives appointed by the local churches. Full membership is shown as Appendix A to this report. Circuit Ministers and Officers Active Circuit Ministers and deacons Revd M Cheetham {left 31108122) Revd C Sherwood Revd P Welch Revd K Healhcote Revd V Atkins (joined 01109122) Circuit Lay Workers Mrs S Christie Mrs P Hales Mrs L Braime Circuit Stewards Mrs J Taylor (retired 311081221 L Davenport Mrs M Whrteley Miss C Stafford Mr C Tolson Mr B Young {retired 31108122) Mrs K Wild CALDERDALE METHODIST CIRCUIT Administrators L Lupton r5 J Clatk Mr P Maikham lar￿rt trÈasurer) •cted as the principal offic•r overseelng the day io day financial man4èment and &e4xmtN¥ for Ihe arcuit duiiw th¥ yeor. Ind¢pend8nt exami￿[S .' Ba¥stow & Atkinson. Chartered ActrJuntsnts, C8flton House. Bull Clt)se Lane. Halif*x. We$1 Yorkst￿re. HX12EG Inv¢$lment Bankers: Central Finance Board of fhe Melhgdist Church Trusteès for MetrtcKlisl Churth purposes Alms and org•niMtwJn The charity objective i% to act as a rssouTrx providerN*thln the s￿8 around CaldeY(Jale for the MetI￿dist Church". Th& purpose$ ofthe Methodist Church are and shall be deemed to have been sinc8 the Date of Unh)n the advancemenl of.. al The Chrislian faith in a￿A)rdanCe the doctrlnal st8ndard$ and ¢fisr#pline of The Meihodi5t ChL¥th.' bl Any tharitable pufwse for the tw being of any Connexonal. Distri(* Circuit, local orother organisation of The Methodist Church.. el Any tharitable purpose for the tim• belng of any soaety (* insti￿tiOn SUb￿diary or anty1t￿ lo The Methodist Churth., dl Any purpose for the time being of any ¢harity bging a charlty sU￿.dIary or ancillary to The mel￿dIst Church The organisation and resourcsng d regular wblio acts of %wrship open to members of the c*urc* and non members alike. The t¥athing of ChristhanTty through sernions. course8 and $m811 groups. The resourting of pastoral work fr￿udIng visibng the sis* and boreov¢d. Taking religious assernblies in local schools. Promotton of Christiandy through the staging of events and servw. Provision of ¢haplaincy seThices to the local univernty and other insitulions. Public B•n8fi1 We conffiTm the trustees have had ward to the Ch8rfty Commi38ion's guidance on public benef Structure. Govern•n¢e and Manag•mgnt The goveming document for the CArcuit is the Deed of Uniwt (1932) and Methodlst Churth Act11976) Detailed govemance arrangements are OLrtlined within the Constitutional Prac*ce and Discipline of the m8th(￿ls1 Chw¢h by ¢)rder of the annual ¢)Jnfar8ne• ICPOI. Three Circuit MeetiTrJs are l*ld ead) year to discuss matters relatirwJ to cirrwit acbwbes. Day to day management of the c4ro4t 18 undortsken by the CircLMI Leadersh￿1 team along w7th the Circuit stewards Meeting. the Local Preather5 meeting, the Cir¢uil Finance and Property Committee antj the Circuit Poliw Committee. Other ¢ircuil ¢ommittee8 also meet regarding manses and gravoyarils. Theie is also a hwitsge commthe whith prowdes an overview look at the at fvl¢)unt Zion and Hepton$lall. CALDERDALE IAETHODIST CIRCUIT Tr￿tee Trninlng A range of gLsldanee prothjced by Methodist Connexion to support the effeclive njnning of the circuit , specifically the leaftet'The Role of a Trustee in Th8 TrAethodist Chureh. is given to all new Circurt meetlng member8 a8 inthKtion to th￿r role a5 tnJstee8. Related Partles The Circuit is part of Ihe Yorkshire West Dlstrkt is al80 accountabje to the Melhjdist Conf8rence. The foll0v￿n9 Methtsylsl Churthes are l¥iked to the circuit.. Bethesda, Blackshaw Bo¢)thtown & seArth0￿M, Biighouse Central. Christ Church LEP, Clffton, Cross Hills. Hebden Royd. Heptonstall. Highgate. Iltingworth Moor. Mount Tabor. Mount Zion. Northowram. Salem. Southgate. Sl Andrews, St. matthth￿s LEP, St. Paul's, Stones and Todmorden. Risk Manag•me The major risks have beell identified recorded by the Circuit Finance aThJ Property Commlttee wth professional a￿lGe tsken as required. There is a regular annual revi￿ process und&iaken and recorded. In￿me and ExperKliture is being monltored in totsl and is compared with the approved annual budget on a ￿Ular basis to detect trends as part ofthe risk mana9emenl process to aV￿d unforeseen (xlls on reserves. Safeguarding Evèry ￿rSOn ha5 a vaue and dignty wh¢th c￿￿eS directly from the creatKJn of male and female In God's own image and likeness. Christians see this potenti* 8s fvlfilled by God's rfrcreatbon of us in Chnst. Among other tlings this Im￿leS a duty to value all people as bearirtg the #nage of God and therefore to protect them from harm. Methodist Connexional practice ouuines commiiment to the foll¢)wrrfJ principle8'. * the Gare and nurbjre of. and respecrful pastoral ministy with. all ¢hldren. young people arKI aduFts . the saleguarding and protection of all thildr8n. youry pfy)ple and adults when they are vulnerable . the establishing of safe, caring communities which provide a lowNJ environment where there 18 Infofmed vigilarKe as to the dangws of abuse. We will carefvlty select and traii all those with any ￿SponSIbl￿ty wlhin the Church. Fn line wlth Safer Recruitment principles. including the use of crtmKtal reryjrds disclosures and registration wlh the relevant vetting and barring Schemes. . We wll respond without dday to every complaint made which suggests that an a(lutt, chrfd or young person may have been hamied, cooperating with the police and local authm in any investigation. We will seek lo anyo￿ who has suffered abuse, developirvj vAh them an appropriate ministry of irrfonned pastoral care. . We will seek to thallenge any atwse of pth¥eT. esperyally by anyone in a position of tsusl. We will seek lo offer pastoral eare and 5UPPOrt, induding supervisron and referral to the proper authorilias. to any mèmber of our church community known to ha￿ offended ag￿n$t a child, young person or vulnernble adulL . In all these piinoples we wll for1￿¥ legislat*Jn. gUIdan￿ and ￿e0gnised good ptaclke The Calderdale Crrcuit commits itself to ensuring the implementatton of Connexional Safeguarding Policy.. govemment legis¢atK)n. guidance and safe practice In the circuit and in the churches. The Calderdale Clrcuit commits itself to the prowston of SUPPDrt, athce and trainlng for lay and or 24 movewt)t In iunds 25 Total funds brO￿￿t fofw3rd 26Tot411un&5 orrfed fc4wa 79,671 227,892 1$,185 69.629 t6,13S 2¥5 11.813 41,%)5 47186> 41,9QS 7,709 33.gUS 673,663 1.849 224m1 -2XA90 .159 -32D.159 51U,(N30 102, 266,146 t,OS5,&45 10 10 s1o,r￿) 102,DS8 .735 366,246 50.330 2.487.153 49695 2,863 398 54443 -143.298 2,63D.451 1$0 8Y,534 89,6S9 461,396 Statement of FSnan¢lal Activities (SOFA) for the year ended 31 August 2021 Notesto Clrcum PAodel De*DAted the G•neral Punrf Trust Fund3 a¢toun¢s IUnrestriLtÈdl IUnie5trKtedl lut)r•strlctedl Restrf¢ted Endowm•nt Funds F￿ndS Tot41 2Kfy21 Total 20t940 Income 1 DDnati(￿￿ Bnd legÈcles 2 Incomb from rnonetary Investmenl 3 I￿orne f￿n inyethenl prop&￿￿8 4 AosgssmbnlB cn ChuwthB* 5 CawlBI Rer•irés 6 Grant5 r¢w￿d 7 (Mhet Iharilab1eincomp 8 Total Incorne 347 1.516 5.310 1.no 457.161 13,6Z• 474073 474.688 ExpÈndlture 9 GraThtsand donètl￿s 10SolqD*¥ ass￿al￿d cL*ts 11 Proporty maintenance 12 Corrnlrd mrthl liust 1301sln¢tkn¥ment & L 14 1)epMr￿1I9rt 1501fiÈé 8wnses 160thoroutgdng¥ 17Tot•l ¢hArftable expendttyre 18GolnslO055951 mmtary 19Ggin￿(laESoSl onln¥eslmBMI propertws 20 N¢t Incom*iiw>èndKure 21 7ransf8r5 bEbrteen lund¥ 220thBr 9B1￿{lO5￿o5I 23 m(wement in funds 24T¢t31 funds brou8hÈ foNard 2STot•l fund5(arrfed Foww•rd 35,927 115.262 275.770 343.rn 53.1SS 98,276 15,586 24723$ 31,8> TJN27 17A4f 879 2B.$35 12.ym 175.014 179 248220 17841 12,013 51,068 695.629 411.78B 261.698 179 873,653 61.116 122 1.84 497.Y41 .221.1Q) 12 10 54.443 -143,2 2,￿0.151 7,133 -3FO,148 2.2fjG￿ T,BB$093 122 89.112 34 -221,100 2,851.551 2.630,451 226,&19 4£1.J9S 48.481 CALDERDALE METHODIST CIRCUIT Circuit No 27134 Balance Sheet as at 31 August 2022 GeD•MI Fund IUnr4slrfctrd} CirrJrtAlodel O•slgnatsd Funds Iunrestrktsdl Totsls 2010121 Fund5 Fthndi *WtÈtothe Iunmstrkledl Cirtuit & Equlpmert 10 1,W,5 1.653.SS5 1.4X.015 49599 49,59S .330 1A8504S 1.e53.555 1.703.150 CuTremtAsse15 [￿biorS Loans by thecitcuit wth TMCP ral Finance Boaro ￿Pts1ts CEsn ai 89nk2￿ In har 13 19.649 19.$45 649,764 1￿.327 .4 140 577 4W.9 I.11￿880 SN.4LY 1.JOK145 89,6 C￿[*￿till￿11￿•5 Creditots (due In 1 yearl Gran￿ pay3blewthm 2018-19 153.897 153. 106, 15Jm7 500Jfv4 1&1,897 1,18024B 108.852 1,001.K 580,QfyJ 2.154.ryJ9 89.649 49 IB53,391 2A87,153 iur*termlkibiubes due after mLYethanone Gianlts ￿Ya￿le gfter2018-19 lOth8 Crtcuil .Ilet￿¥ets 2,164,039 660W65 Bg,68S 49,595 2,8S3,298 2A87.153 Fund5 Otthe Cknuit General Fuod {unr¢str￿led) Qr¢urt T￿￿tFur￿l Iunièstric￿) Cjes￿na1ed Fur￿8 lu[￿t￿l￿dI 1.644.￿9 1.644, o, l.B85. 461, 14 2204.1Q 1347.289 89,534 50JJO Resmed FL￿& Fun05 RwaILd￿￿ Re$811* 14 510,(nO 2,154,039 510.( 2.853,398 rot¥lFund3 66D.Q85 89,699 49,695 2.487.153 Approved by the Trustees on 07-Mar-23 Signed Paul Markham Circuit Tfeasurerl Trustee CALDERDALE MEfHODIST CIRCUIT Notes to the Accounts forthe year ended 31 ￿U51 2022 8asls of Ae¢ounling and Accountln9 pollcS•s A¢ctyJntlng 8IAndonl The financial statements have been prepared in accordan￿ with Accountlng aftd Reporting by Charities=Statement of Recommended Prattice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102lleffective from l January 20191-1Charities SORPIFRS 102)). Publ1¢ bonofit enlty The Calderdale Methodlst Circuit meets the definition of a public benefrt enUty urKleF FRS 102. Assets and liabilities are inltlally recognised at hlstorical cost or trans3CtrDn value unle55 otherwise stated in the relevant accountln8 policy note{sl below. These accounts have been prepared on the basis of historical Cost except that investments and manses are shown at their market Value at the end of the year. The accrua15 basis has been used and trustees present accounts that show a true and fair view of the Circuit's financial position and attivities. Contont The financial information presented is relevant. reliable, comparable and complete. Where estimate5 are used these are based on experience, research and judgement. The accounts are expressed in £5terlin8, rounded to the nearest pound. FRS 102 SORP 2019 These accounts a￿ compliant with FRS102 and wfch the FRS102 Sorp leffectlve l January 20191. The accounts have been prepared in accordan￿ with the applicable charity law in England thi5 being the Charities Act 2011 and Sl 2CM)81629 Icharities Ac￿￿ntIng and Reporting Regulations) and, pendin8 the making of replacement Regulatlons speclfic to SORP 2015 ill accordance wlth Reg.814lldl of $120081629. Golng eonc•m Based on the monetary assets and human resources available at 31 August 2022. Ihe trustees believe that the tircuit is a going concern. Con8alidation The circuit has denominational regulatory o¥eT5ight in respert of the work of churches vathin the Circult but has no legal or operational control of those Churches and thelr govemlng bodles except In extreme clrcumstances. Forthis ￿asOn. the financlal statements of ChLtrches withln the Circuit are not consolidated into these financlal statements. CALDEROALE IAETHODIST CRCU Notes to the Accounts for the year ended 31 August 2022 1 Basls of Accounth)9 and Accountlng poWcie# {conL) kncom• rncognmton Income is brought Into account when there Is an entitlement and the amount is reNably measurable once it is more likely than not that the economlc benefit of the income will be forthcoming- Individual amounts Categorised as"Other income" in the SOFA will be shown seperately if they are considered materlal. The clrcult acts as agents in two matters: The collettion from Churches and payment over of thelr contributions to various Funds controlled and administered bythe Methodist Church-"Connexional Funds" The administration lappllcatlon, collection and disbursement) of grants requested bv Churches within the circuit from, but not limited to. the Distrlrt and Connexion. In these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or Churches as appropriate. Instead the transactions are disclosed in the Notes to the Accounts as required by SORPIFRS 1021, module 19.12. In accordance wlth the Charities SORPIFRS 1021, the time of volunteers 15 not recognised. Further information on thls matter is provided in the Tru5tees' Annual Report. If goods are donated, a value will be shown in the SOFA or Note5 where the value is collsidered material. Exponditu This is recognised when a Ilability is incurred. or a construttive obligation arlses. where the amount is reliably measurable and it is Consldered more likely than not that there wlll be an oufflow of economrc benefit. Grants made by the circuit from its own funds are Tecognised in full at the time of agreement to make a grant without performance conditlons or as and when the Circuit accepts that there is a leBal or operational obligation to make the payment If It is subject to performance condltlons. VAT Since the Circuit is not re8i5tered for VAT. all input VAT is charged wlth the expenses to which it refer5. Tanglble fixed assets These are capitallsed rf they can be used for more than one year, and individualty cost at least £1,000. The freehotd properties have been revalued during the yearand are shown in the accounts at market value a5 valued by an independent valuer (Jack Spencer MRICS of Brearfey Greenl. No depreciation is provided on the properties because the trustees conslder the current residual value of same lon the assumption that tt had reached the end of Its useful life by the year endl to be not les5 than its current value. Any deprec4atlon would not be material. Depreciation is provided at 20% per annum on cost on equipment and 25% per annum on cost of motor vehicles. CALDERDALE METHODIST CIRcurr Notes to thè AcLounts for the year ended 31 August 2022 1 Ba$1$ ofAccounting and AGrounting polrcw I cont.) Pknnetary Inve8trnents The Circuif$ investments are in monetary assets ¢lassTrSed as basic financ￿ instruments under FRS102 and are held by the Trustees for Methcxjist Church Pufposes ITMCP) as custodian trust￿$. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the year end are shown in the SOFA. R￿viVabl•S and Payables. Bank and Cash (&*ic Financial Instruments) Debtors are stated al the amounts owed to the Circuit or prepad. Creditors a￿ inrbalty recognised at settlement amount after trade discounts. Whe￿ normal crajit temis appty. or the amount advanced to the Circuit.Subsequentty ¢reditors that are current liabilit*s are measured at the Cash or other consideration expected to be paid. The IKiuid funds of bank baknces and deposit fund baian¢es are shown at their realisable valu8S. Methodlst Connexk+nal Funds The Methodist Church Connexkjn raises assessments against Circuits and these are paid quarterty to their Distrtcts. The Circuits raise assessments against Churches in the Circuit. The District quarterfy remits to the Methodist Church Fund most of the sums re￿iVed from Circuits. A small sum is retsined by the Dtstrict lo meet its own costs. The Circuit may act as agents for'ad hoc" collectrons for vartOU5 funds controlled and administsred by the Methodist ChuTCh. Endowmeni fvnd8 Where the Circuit holds money that may not be spent and must be retaine(J las capital) to generate an income the money or assets to be retsined are classif￿1 as an Endowm￿1 Fund. The capital will be shown in the balan￿ sheet in the column for endowment funds. The income may be restricted or unrestrthd depending upon the tem)s of the endowment CALDERDALE MEFHODIST CIRCUIT Notes to the A¢¢ounts for the year ended 31 August 2022 2 A68068monts on Churcho8 The Circuit compri58s of 20 churches and each is assessed for a contribution to meet the overall net costs of the Circuit. Th8 circuft aims to cover all ￿,$ net core costs frcm the assessment. The assessment on churches is 8nnually deterynined by the cir￿11 using a fomiula which takes into account the number of church att¢ndee$, the number of members and its net income. The relevant churches are as foll Bethesda 81ad(shaw Head Boolhtown & SoulhthYr8m Brighouse Central Christ Church LEP cirfton Cross Hi118 Hebden Royd Heplonstall Highgate Illin9WOrth Mo)r Mount Tabor Northowram Sakni Southgate St Andre%rfs Sl Kqatthew's LEP St Paul's Stones Todmor number of staff employed during the year No emptyees reteived total remuneration in excess of £80,000. 11 S Proporty malntenance Manse properties Costs re unused ¢hur¢h Graveyar(Is upkeep 39,183 19,363 27,420 10,277 6 Payrnents to Trustees There were no payments m8de to trustees for add￿lonal services provlded to the circuit by agreement with the Clrcuit meeting. except payments made trj ministers and lay workers as their stipends.The Superintendent of the Circurt, the other Presbylers and the remalnlng members of the circuit leadership tearn are considered as key management personnel. They are all also trustees. The remuneration paid to this group of indNiduats totalled £189,617. Trustse expenses Number of trustee$ Total amount paKI Expense payments primary rekte to reimbursement for travel and computer o)sts. 7 Fee8 for Inde￿nd•￿t éxamination of the accounts Indepen¢Yent examiners fees. l)ther fees paid to the independent examiner {auditorl 8 For Inforn)atlon only. Mon¢y recelved and passed on to Extsrnal Oryanl8atlon8 Balan￿ brought forwwd from last year Offeringslgifts received for external organisatr'on5 Offeringslgrfts passed to extemal organisations Balan￿ ¢arried fo￿￿rd 6,993 6,993 6,653 6,653 9 Capital Commitments and Contingent Liabilitle8 At 31 August 2022 the Circuit had no capital commitments or contingent liabilities. CALDERDALE METHODIST CIRCUIT Notes on the Acoyjnts for the year ended 31 August 21Y22 10 Tangible r￿ed as89ts Cost or Valuation FixluroBI Alotor oqulpmenl Vghlcle Manses Total Balance br￿t foNArd AdditK)ns Revaluation5 Disposals Balance carried forward 1,425.1Y)o 5,927 22,336 1.453,263 510,000 -285.000 1.650.000 510,000 -285,000 22,336 1.678,263 Accumulated depreciation Basis NIA SL SL 25% Balance brought forward DepreGialion tharge for year Revaluation Disp05als Balance Carr￿ forward 4,288 876 13,960 5.584 18,248 6,460 5,164 19,544 24,708 Net book value Brought forward Carried foThvatd 1,425,OIXI 1,650,OLKI 1,639 763 8,376 1,435,015 2 792 1,653.555 During the year one manse which was no longer required was sold. resulkn'ng a profil on disposals of £102,096. 11 Invostmgnts The funds that support the Cirojit Model Twst Fund and the Manses Fund are held by TMCP in Trustee Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long temi investments. TMCP is the legal owner and Custodian Trustee of all Methodist Model Tru51 property, including gactes, endowments and accumulated funds. Trust propety is hekl for and on behalf of local Managing Tnjstees vtho ￿e responstsle for the day lo day management of trust property. TMCP ensures that. through W0￿d1Thg guidance and acting under their directlon, Managing Trustees compty with chanty law Methodist law and policy as delemined by Methodist Conference. c￿DERDALE MEfHODIST CIRcurr Notes on the Accounts forlh8 year endad 31 August 2022 Investmnts IconLI 2022 Invesbnents h'stod on a r•¢ognis8d Stock Exchange Invèstments t￿Id In commM 1nve8b￿ent lund8 Se¢urftl&s not listed on a recognlsed st￿ Exchange Cash deposits hekl al TMCP 11.255 12,034 38.340 49,595 38.296 50,330 Change ￿ InveStr[￿￿¥aIUes Carying {market) value at bwnning of ye Add.. a￿d￿on$ lo investments at cost Less.. disposa15 at carrwng value Net gainloss on revaluation Carryiro lrnartetl value at year and 1.330 48.481 -735 49,595 1849 50,330 12 Trnn•fern belween lund$ Manses are included in thè ￿ne0 Shget 8$ Gen￿1 Funds lunreslricted}. W￿n mansès a￿ $okl. Mèthodist rules state thatth& proceeds mLtst be paid irtt> the Qr(yJit Modèl Trust #CL￿Int ICKIT). Similady proceeds from sales of churches are paid into thtr CMT. whereas the ¢osts of m8intair¥ng and preparing Ihtr churches for sale are initkqlty paid from general funds. A(Idrtlgnally, th¢re is some gxp¢ndrture inth'ally p8i¢J Itorn the General Fund awatb"rrfJ relmbwsemenl from the CMT lunt. and funds transfe￿•d from th8 CMT to eA)ver certain fLrturè paytMnts. Durin9 Ihe year£320.159 was tr8nsfmJ to Ihe CMT 8c£wnl predoN4nanty from the s* frf0￿ manse. 13 Anatysls of curr•nt ass•ts Debtors and prnpaym•nts Sundry debtors 19.845 28.953 19,645 28,953 Anatysls of cr8dltors As$trs8ments in 8dv8nce other cre(lilor8 95,341 89,110 13.885 102,995 CALDERDALE METHODIST CIRCUIT 10 Notes to the A¢cwnts for lh8 year onded 31 August 2022 14 D•tall•d anaty81s of Indlvldual fvnd movomènts Unrestrlcted fvnds Opgnlng C1051ng Balance Incom• Expgnded Transfe Balance 1,885,893 1,￿1,168 478.863 -320,159 2,148,039 461,396 3,101 224.591 320.159 560.065 2.347.289 1,064,269 703,454 0 2,708.104 General Model thjst fund Totsl Th& general fund 1$ for the further8nc• of the general objeclives of the circuit The Mc¥Jel Trust Fund supports initialives in rn￿$10n, Th¥nisty and outreath. R88tr1th0 Funds Openlng Balanc• 14,012 47,013 28,509 89.534 Closing Balance 14,038 47.100 28.561 89,699 Income Exp•nd•d Transf•rs 66 40 221 134 133 81 420 255 M Halstead legacy King Cross ¢aretskew5 house Ebenezer caret8kefs hol￿8 Total Endowment Name How capltal inv•stsd Current capilal val Annual In Various funds (171 TTL￿te8$ for PAeth Ch. 49.595 283 The restricted funds are for the followng wrp05e8.' Halsted. Town centre development King Cross caretskers house- Supports irikn'atives in mi88ion, ministy and outreach. Ebenezer caretakers house- Supports initiatives in mission, ministy and 0￿reach. comparat￿ anatysls of Indfvldual fund movements 202012021 Unrestrfctsd fvnds Openlng Balance 2,266,039 226,519 2,492.558 Closlng Income Expended TrnnBfe Balance 527,347 411,788 495.705 1,885,893 261,696 495.705 461,396 673,484 0 2.347,289 General Model twsl ftmd Totsl 528.215 CALDERDALE METHODIST CIRCUIT 11 Notes on the Accounts for the year enthd 31 August 2022 14 Detailed anatysis of individual fund movements (conL) Comparatlve anatysts of Indlviduol fvnd movement 202012021 l¢onL Restricted Funds Oponlng Balance 13,993 46,949 28.470 89,412 Closing Income Expended Tran8fer8 Balance 47 158 M Halstead legacy lQng Cr05s Caretake￿ house Eben8zer caretakers house 28 14.012 47,013 28.509 89,534 57 179 Totsl 301 Endowment Narnfr How capllal Invested Cuffent capltal value Annual Inc. Varfous funds117) Trustees for Meth Ch. 50.330 190 Trust••s' r•8ponslblllti•s •tstsmont The trustees are responsib￿ for preparing the Trustees. Annual Report and the finanual statements in a¢cordan¢e bvilh applicable law and Unitèd ￿'ngdorn Accounting Stsndards (Unrted lfjngdom Generalty Accepted Accounting Practi￿) The law applicable to charit￿ in England and Wa18s requires the trustees to prepare fIn￿CIal statements for each accounting year wh￿h give a true and fair view of the stste of aff8irs of the charity and of the incoming resources and application of resources of the charity forthat period. In preparing Ihese financial ststem8nts, the trustees are required to '. select suitable accounting Folicies and then appty them consistentty" obseNe the mèthods and principles in the chariti.es SORP IFRS 1021., make judgements and estimates that ate ￿sOnable and pruder¢ state whether applicab￿ accountining standards have been followed. su4.éct to any material d8parhJres disclosed and èxplain8d in thè financial statèm8nts,' prepare the financial statements on the going con￿rn basis unless it is inappropnate to presume that the charity will continue in operation. The trustees are ￿sponsible for keeping proper accounting records that disd(￿ wth reax)nable curacy at any tme the financial positKJn of the charity and enable them to ensure that the financial statements comply wth the Charities Act 2011, the Charities (Accounts and Reporis) Regulats"on$ 2008 and the provisions of the trust deed. They are also re5POAsible for safeguarding the assets of the charity and hence for taking resonable steps for the prevention and detection of fra￿￿ and other irregularities. CALDERDALE METHODIST CIRCU 12 For the year ended 31 August 2022 DECLARATIONS Trnasuror I confim that these acKn￿18- based accounts for the year to 31 August 2021 have been prepared from the records of the cirujil and that they nclude all funds under the control of the Circuil mmeting. Signature of Treasurer Date 07-Mar-23 Name Mr Paul Markham Address 121 Whealey Road, Wheatley, Halitsx Prgsentation to Circult m•etlng for approval. I confimi Ihat the annual report and ac￿Unts for the year ended 31 August 2022 were presented lo the circuf( meeting held on 7 March 2023 and were approved. Signature of the Chair of the meeting Date 07-Mar-23 Name Rev. Atkins Independent Examlnerfs Report to the Trustees of Calderdale Circuit of the Methodist Church. I reporf to charfy tsuslee5 exatn*iati(m olthe 4(xxunls of ts tharity for ts y28r ended 31st ALVLBI 2022 wlm'th are sel out on pagè$ 1 to 12. R0spoMibilrli￿ and bo81• 01 rèport Ihe th&ity's tru5* ytyJ a￿ Ihe ol lh8 aco)unts in acttjrdan￿ knilh the requirements oftr* Ch*it*s Ab1 2011 Ilhe￿,* I reporl in ￿$1)e￿ olffly examinalwn of Ihe¢h8rWs ac￿￿ts Canled out under sectknn 145 oftheAfa 8rKI ift G8￿￿ng my gxarrmnation 5 have IdI(y￿d all Ihe appliL¥ble t)ir¢¢trons gNen by Charty Commission under sectknn 14515llbl olth8Ara. lrnjependwrtexamiwfs $tstwwnt ce the chariws 9T￿ kncome excetrjed £250.000 yOUTexamir%rmLkryt be a mernber ol o body listed in xciiDn 145 of Pd. I c4Jnfim Ihal l am quah"fi8d lo ￿dertake Ihe ￿aMina￿On because l am a meffllxT of the Institute of Chartwal Arts)uniants in En9land & Wales. h 18 ￿ Oft￿ kstsd bLvJie&. I have comp￿ txamin81th. I confim Ihat no moknial mattern ha¥e c4)me lo rfiy attethn in **h Ihe e￿I￿￿￿tIon gi¥ibv4 me caLBe lo thal anymaterial r8spEcL ar£owl￿g Yftre tK)t Kep1￿ ￿$[£¢1 oftr* ¢horty8s wuired by 8ethoTr 130 ofth8Ad,' or gc¢ourtsdo nor blth Ih08e ￿(x)rdS. tte act))unts th) rnt compty ¥riih Ihe arWiC￿e requyenxnts concemiThJ ts fcfft and corrtent of accounts set out ￿ the Churths (Accounts atxl RepDrtsl R8Julation5 2008 other Ihan 8ny reqL￿rw￿rrt Ihal the accthmts gNe a Irue fair vthith is not a Matter consthr8d as part of an irvjependent examinalion. I hav8 fv) Conce￿ aryj have come across no 0￿r matlw3 in oJMect¥)n Ihe exawination to whith afteTrtKJn ¥Ix)￿￿ ir tha¥Ytb in thk% report in rydwto efia￿e a prLV8r und8r5tandiTrJ ofthe be ￿¥the￿. PETER DYSQN CFIARTERED ACCOUNTANT ¢BFlkin H￿Ie Bull Close Lane Halifax HX12EG Date 7 Marth 2023 ## ##