CALDERDALE METHODIST CIRCUIT (Charity registration no. 1134254) ANNUAL REPORT For the Year ending 31 August 2023 CALDERDALE METHODIST CIRCUIT TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST2023 Introduetlon This report and amjunts cover the year ended 31 August 2023. Alms and oryanlsatlon The circurfs mission statament 18 "SeoiTr3 what God is doing in Calderdale arKI ioininq in". To ftjlfil this vi8ion our mission priorrfie$ are.. Enabling, resourcing and 8UPPOrting our churches in their local mission of loving God and their neiahbours. Facilitating our churd)tr8 In doin9 together as a circuit such mission as is best done iointlv. Encouraging every member of church to be a failhfvl disciple of Chnst In the w¢rfd. Nurtumg and promoting the Christian fa(th in Calderdale in parthership wilh others wh8rov•r 0083ible. R•vlow otth• year Incomg tr•nds Circuit ￿￿Ome is primarily drawn from th• asse$sm•nt paid by the tircuit thurchos. This asse55menl income is a redu¢tion of 1.7% on the previous year. nditure trends The number of presbyt•rs durtng the year remained at 4. Th8 number of 18yworkers was 5 with an additional worker appointed, bLrt not commencing unt September, 2023. Stipènd eX￿ndI￿1r¢ has increased each financial year in line th Conferen￿ approved increases and lotsl salaries paid also reflect changes to staff and workina hours elc. Grant payments to support l¢tsl churthes and projects d8creas8d. but this was mainty due to the previou$ year indudirvJ a distribution of the G8n8ral Fund surplus of £61.000 from the year 2020-21. 20% of expenditure of the General Fund 1$ the Clrwil oonlribullon to the Dlstrlcl and Connexion. of which a 8lgnrf1￿t part is used to fund the vMrk of Ihe vldor Methodist Church. Fund balanc9$ As at 31 August 2023 the unrgslrScted nel current asset$ of the Circuit were £507,774 gwing appr0￿mate￿ 15 months cover for eXpend￿re. Tangible fixed assets totslled £1,650.327. predomSnan1￿ the value of 4 manses. These figu￿5 excludè sums held in the cirojit model tr￿t account amounting to £540,719. Other restricted fund5 amount to £92,323 an¢J Endovmienl funds l¢)tal £50,473. The total arcuit ful￿8 are th8r8fore £2.841.616. Pl•n8 for 2023124 ircurt financAal plans for the ￿mI￿j year are based having 4 ordain8d staff. each supported by a lay employè$ plus 2 part time administration positions, wth anticipated cost of living stipend In¢rea$es. Since the year erKI 4 thrch so¢ielies have been gNen permissk)n to ¢ea$$ to meet Thi¥ wlll inevitably lead to a lo$$ of a3sessment income. Budgets have boen prcrt1u¢ed showng that there 19 likely to be deficit vthich wll need to be funded from the ￿lIr$nI year surolus and a small xrnount from circAJit reservps. At the end of the year we are in the process of advertising a new Facilities Manager posthon. to assist wlh the management of an increasing number of properties which the circuit ha$ responsibilty for, plus a Heritage Officer opportunity to be fvnded from thè CiroJit Model Tru8t Fund and external SoU￿s. There is a proj8¢t Igam in place to imiestigale the possibility of using some of th8 pro¢eed$ from the salo of one of the closed thurches lo fund a Town Centre iNb"ative. CALDERDALE METHODIST CIRCUIT Tru8tsè'8 Annual Report on Finance and Goveman Achievements and performan¢¢ The circuil poll¢y docum8nt is reviewed annually at the March clrcuit meetlng and updated as required to ￿flect the cu￿ent stru¢ture and aspirations of the circuit. For the last 12 months the Circuit has been operating with 4 piesbyters, with the support of 3 lay pa5tors/ workers. An additional lay pastor was appointed and started work on 1 st September. 2023 to assist in the Upper Valley. It is anticipated that this will be the model aoina fopNard. Unfortunately during the year four churches decided to seek pemiission to 'cease to meev. and this was approved in September. 2023. One of these churches. Heptonstall, will continue as 2 heritage church. and discussions are ongoing with the local community at Mt. Tabor regarding possible use of the building. A town centre project using some of the fvnds from Ihe sale of the Salem DfoDertv is currentlv bèina invéstitiatéd. Basls of prèparation and legal framework The Charty's annual report and accounts for the year ended 31 August 2023 have been prepared in accordance with the Charities Act 2011 and the Charities.. Statement of R8comm&nded Practice as applicable to the Charities SORP {FRS 102. effective 1 January. 2019). Full Name of Charity= Calderdale Circuil of the Methc4Ji5t Chur¢h. Registration Charity Number.. 1134254 Date of r8gi$tration- 1110212010 Maln ¢ommunlcation addrèss Ivrith effect from October. 2023): Th8 Circuit Office, St. Paul's Melhodist Church. Tower Hill, Sowerby Br￿ge. West Yorkshire. HX6 2EQ. The members of the Calderdale Methodist Circuit meeting a￿ the Charity Trustees. membership being made up of circuit office hclders, ministers and representatives app)inted by the local churches. Full membership is shown as Appendix A lo this rewrt. Circuit Ministern and Officer8 Active Circuit Ministers and deacons Revd V Atkins Revd C Shewood Revd P Welch Revd K Heathcote Circuit Lay Workers Mrs S Christie Mrs P Hales Mrs L Braime Mr T Ferguson (appointed 1st September, 20231 Circuit Stewards Mrs L Davenport Mrs M Whiteley Mis$ C Slafford {retired 7th March, 20231 Mr C Tolson Mrs K Wild Mrs D Teague (appointed 5th December. 2022) Mis$ P Lupton (appointed 5th December. 20221 CALDERDALE METHODIST CIRCUIT Adminislralors Mrs L Lupton Mis J Clark Mr P Markham {circuit treasurer) acted as the principal cfficer overseeing the day to day financial management and 8ccounting for the circurt during the year. Independent examiners Bairslow & Atkinson, charte￿ A¢¢ountants, Carlton House, Bull Close Lane, Halifax, Wesl Yorkshire. HX1 2EG Investment Bankers: Central Finance 8oard of the M8thodigt Church Truslee$ for Melhodi5t Cttu￿h purposes Alms and oroanl8atlon The charity objective is lo act as a resource provider within the area around Caklerdale for the Methodist Church.. The purposes of the Meth¢)Jist Church are and shall be deemed to have been since the Date of Union the advancement of.. al The Christian faith in accordance the doctrinal standards and discipline of The Methodist Church: b} Any charitable purpose for the time being of any Connexional, DIstr￿t, Clr¢uit, local or other organisation of The Methodist Church., c} Any charitable purpose for the lime being of any soci8ty or institution subsidiary or ancillary lo The Methodist Church., dl Any purpose for the time being of any Charity being a charity subsidiary or ancillary lo The Methodist Church The organisalion and resourcing of regular public acts of worship open to members of the thurGh and non members alike. The leaching of Chrisllanity through sermons, courses and small groups. The resourcing of pastoral work including visiting the s￿k and bereaved. Taking religious assemblies in local schools. Prcmotion of Christianty through the staging of events and services_ Provision of chaplaincy $eMces lo the l¢xal univgrsity and other institutions. Public Benefft We confimi the Injstees have had regard to the Charity Commission's guidance on public benefrt. Structur•, Govornance and Management The governing document for the circuit is the Deed of Union {1932) and Methcdlst Church Act (1976) Detailed governance arrangements are outlined wthin the Constitulpjnal Practice and Discipline of the Methodist Church by order of the annual conference ICPDI. Four Circuit Meetings are hekl exh year to discuss matters relating to eir¢uit activities. Day to day management of the circuit is undertaken by the C1￿Ul1 Leadership Team along with the Circuit Steward$ Meeting, the LoGal Pieacher5 meeting, the Circuit Finance and Prc¢)ety Committees and the c1￿ult Management Committee. Other circuit commrttees also meet regarding manses and graveyards. There is also 8 hentage committee which provides an oveNiew looking at the churches at Mount Jon and Heplonstall. CALDERDALE METHODIST CIRCUIT Trustee Tralnlng A range of guidance prodU￿d by MethcLlist Connexion lo support the effective running of the ircvtt . speGifiGally the leafiet'The Role of a Trustee in The Methodist Church, 1$ given to all new Circuit meeting members as indu¢tion lo their role as trustees. Relatsd Partlo8 The Circuit 18 part of the Yorkshire Wesl District and is also accountable lo ts Methodist Conference. The folh)wing Methodist Churches are linked to the circuit.. Bethesda, Blackshaw Head. Boothtown & Soulhowram, Brighouse Central, Christ Church LEP, Cliflon, Cross Hills, Hebden Royd, Hepton5tall. Hlqhgale. Illingworth Moor, Mount Zion. Southgal8. St Andrev/$, St. Matthew's LEP, St. Paul's, Stones and TodnTh)rden. R18k Managemant The major risks have been tdentified and recorded by the Circuit Finance and Prop8ty Committee with professional advice taken as required. There is a regular annual review prorEs$ undertaken and recorded. Income and Expenditure is being monitored in total and 1$ ¢ompared with the approved annual budget on a regular basis to dete¢l trends as part of the rlsk management process lo avoid unforeseen calls 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 Id(eness. Christians see this potential as fijifilled by God's remetreM InvesimenlpwTbEg 4 Agsegsrnents on S Capital Re￿Ipts $ GT8nW We￿ed 7 QLwthaitatrdelrKr 5.481 1.953 433,￿4 17.255 4,318 1,860 440.840 433.3$4 5,575 452.593 444,872 173fj5 466,C Expènditur• 9 Grants and I0$￿2r￿a*￿ a55Lthd e45ts 11 Prcputym4ntsFF8n 12 C￿n￿(MI astsE55ment& rnoW Iwst I 13 Disbi¢tAsse8sm*tt& L 14 Oe¢wab 15 o￿ve￿se5 16 Qhw(xrtgolng5 77T4t•1dMr*ab￿ expen¢lbJrn 16 Gain4{105stsI ￿ r￿818ry inTrAskn IPGarnl1los￿1 ￿ invesbnenimrbes 2D Fl•t I￿￿￿expOndttjjm) 21 fur 22 Gans on rvnluakn ofpnwbtiS 23 Otherganglk)a8esI 24 N•1 mov•rnert Infurid• 25Totallvnd5 broughtfonvard 26Toul1W￿$Cawr￿￿forW*d 61,512 a1.512 2a&34B 87,506 f02,ThJ 16,080 107,452 216,201 79.671 7.892 234.348 37,458 e8,&70 15.890 20.048 35.66S 2SS 11.639 45,253 11.139 45,253 129J74 878 41,9D5 897.709 -735 117.225 48.970 0.824 2ts14 -245,851 12 10 10 40,624 51W 102096 260.24S 2.487.IS3 2.B53.358 51.708 51.708 .11,712 40.595 2.853,398 6OA73 2A41*16 -19Jl8 560,065 640,719 2,624 89.69k 92x3 2,1£4.039 116S,101 Stat•mgnt of Flnanclal Actlvltlog {SOFA) for the year •nded 31 August 2022 r¢uiif#od•l Dwtgnat•d GèTrfrral Ftrnd Tw•t FwTrd8 Reotrlcted Endowm•nt Total x¢othntJ IUnrMtrfctAffj ¢UnrB•trf￿￿) lunrnlbitted) Fun FuThl 2021.22 Total 20￿-21 Ineomè l Dorwkn8 levryes 2 Ir￿Me1￿0M mcffl@taryin¥estrn2nts 3 Income frLVn mesbmeni proFeibe 4 A¥gessmentson ChJr¢ho& 5 Recevs 8 Grnrts rac8￿1 7 Olh6f¢harHaN8 irK 8 Tolal lTr¢om• 797 t,￿0 44),F40 3.101 420 4J18 1.516 1.711 457.161 5,$75 49,072 5.875 451,593 13.825 474,073 ExpondFture 9 GrantB 10 Salartssat￿ assouatsdeosts 11 Propetym*ntenAnce l2c0nrth￿a1 aJ%ssM￿i 8 (rndel hLSII 13Usirt(IAssewreffj& L ii.ouo 2￿.•5? 45,7 1,428 107452 2Q6,381 7P,671 227192 16,13$ 35,927 275.77D 44.7 24B,220 t7,441 e.463 11.157 33.985 697,M 073.e83 -736 1.849 o9.e29 16.1& t58.OOB 15 OffiLYeynses 16 0IWouW"n95 11,813 41,805 47186J 11.813 214mf 1acal￿o5$eylQn monetary Inv8sknen 19GpIr￿(￿tssÈ3l Investrn￿￿QpQth 20 Nèt 1nc¢Jm•ll•4y•nd￿ve} 21 Transfers fun¢s 22 Gainson w¥lu81iunof proF¢r¥8$ 230ther9all￿1￿1$8es1 Z4 M8t movomwrtln lund• 25TotsIfV￿J5 brou8ht lorwar 26TotslfuTrds£atsWfoThvard -735 .14791 420.t69 510.fY)O 102,OBO Q21.49Q 320.IS9 165 -244851 -197.741 12 io 102,096 54443 -143,298 2.630,451 2,487.153 98.8$9 401.39 560.065 I.tsB5,893 2,151039 89.534 89. 50,330 2,487.153 49,596 2,855 3JF CALDERDALE METHODIST CIRCUIT Clrcult No 27134 Balance Sheet as at 31 August 2023 G•n•r41 IVnrv4trt¢tsd} Clrcurt M¢d•l Tru¥ IUDfwirkt•dl Endo￿1￿•nt Tot4• 121122 Fvnd* IUnr¢trA¢i•llJ F￿hd1 2022ll3 Accoun io I,￿￿27 1.6W.327 f.853.SSg Irwg*rnwiprowks 50.4n 50.413 50,473 1,?Otr,IOD 49595 1,65Tr.327 1,703,150 Debtors I6,￿1 18.e45 Clrp Inv94meN$ WAlh TMCP Cgnirpl Bo¥d DBPOBts Ca$hat haThY 310.719 649.754 ts),327 152,144 422.036 I20￿￿ 152,144 S•),11Y 1,1¥4523 ¢￿Tr•nI 1140111U c￿ttor${￿ueknurth 1 yfy¥) Grnn1$payat￿8 ￿h1n 201&19 rot•l¢tsty¢rtli•bTlrfi• 13 112.707 112.707 1￿.897 112.707 507.IT4 1$3.897 1.4$0.241 540,719 323 1,140016 2,15B,101 0.719 00,473 2,141,¢16 2.853,3 LDll8termltabMldes Idue4ttermoreth•n onEye•rl Gi&ii8 201&19 1158,111 5U719 Y2￿2Y 0.473 2.841fy16 2,853J98 Furthrftrm Clrcu GenE￿I (Urrt61￿ Cif¢uRh*th Tru* FU￿ lun 1.648,101 1.648.101 510.719 IN4.039 540.719 2,204.104 19,899 49,595 SID.000 W3.399 ReslrfCI￿ F￿rts El￿**FundS ReY4u*sMROS• 14 92,323 14 ,473 .473 siu.(hi) 2W1,016 14 51OD 11K101 T01alFu￿¥ 540.719 9132$ SOA73 Approv•d by Trustees c 1War-24 Signed Psul M¥rkham Circull Tr•a¥urerl TruBte8 CALDERDALE hETHODIST CIRcurr Notes to the Accounts for the year ended 31 August 2023 Basls of Aeeounting •nd Accounllng pothel•¥ AceoLrniing stsndard The financial Statements have been prepared in accordance with Accountlng and Reporting by Chartties:Statement of Recommended Practice ISORPI appllcable to charitles preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic ot Ireland IFRS 102lleffective from l January 20191- Icharities SORPIFRS 10211. Publlc b•n•fit èndty The Calderdale Methodist Clrcult meets the definltlon of a public benefrt entity under FRS 102. A55ets and liabilrtles are initially recognSsed at historical cost or transaction value unle55 Otherwlse stated In the relevant accountlng policy notels} below. Ba816 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 accruals basis ha5 been used anrl trustees present accounts that show a true and fair view of the Circuit's financial position and activlties. Contènt The financial Information presented Is relevant, reliable. comparable Bnd complete. where estimates are used these are based on experience, research and judgement. The accounts are expressed in £sterlin& rounded to the nearest pound. FRS 102 SORP 2019 These accounts are compllant wrth FRS102 and wlth the FR5102 Sorp leffectlve l January 20191. The accounts have been prepared In accordance with the applicable charity law in England thls belng the Charltles Act 2011 and Sl 20081629 (Charities Accountin8 and Reporting Regulations) and, pending the making of replacement Regulatlons specific to SORP 2015 In accordance with Reg.814lldl of Sl 20081629. Golng conc•m Based on the monetary assets and hLEman resources available at 31 August 2023, the trustees believe that the Circuit is a golng Concern. Consolldatlon The clrcuit has denominatlonal re8ulatory overslght In ￿SpeCt of the work of churches within the Circuit but has no legal or operational control of those Churches and thelr governing LN)die5 except in eXt￿me clrcum5tances. Forthis reason, the financial statements of Churches withln the Circuit are not consolldated into these financlal statement5. CALDERDALE METHODIST CIRCUIT Notes to the Accounts for the year ended 31 August 2023 1 Ba•1$ of Ac¢ounting and AGMuntlng pollcle8 Icont.) Income recognltlon Income is brought into account when there is an entitlement and the amount is reliably measurable once it is more Ilkely than not that the economic benefit of the income will be forthcoming. Individual amounts categorlsed as "Other income" in the SOFA will be shown Seperate￿ if they are considered material. The circuit acts as agents in two matters: The collection from Churches and payment over of their contributions to variou5 Fund5 controlled and administered by the Methodist Church-"Connexional Funds" The administration lapplication, collection and disbur5ementl of grants requested by Churches within the circuit from, but not limited to, the Distrirt 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 with the Charrties SORPIFRS 1021, the time of volunteers is ntx re¢ognised. Further information on this matter is provided in the Trustee5' Annual Report. If goods a￿ donated, a value will be shown in the SOFA or Notes where the value is considered material. Exp•ndltur• Thi5 is recognised when a Ilablllty is incurred, or a constructive obligation ari5e5. where the amount is reliably measurable and it Is considered more likely than not that there will be an OLrtflow of econpmic benefit. Grants Grants made by the circuit from its own funds are recognised in full at the time of agreement to make a grant without performance conditions or as and when the Circuit accepts that there is legal or operational obligation to make the payment if it 15 subjert to performance conditions. VAT Since the Circuit is not registered for VAT, all input VAT is charged with the expenses to which it refer5. Tanglbl• fix¢d a$*gts These are capitalised If they can be used for more than one year, and individually cost at least £1,000.00 No depreciation is provided on the properties because the trustees conslder the current resldual value of same lon the assumption that it had reached the end of its useful life by the year endl to be not less than its current value. Ary depreciation would not be material. Depreciation is provided at 20% per annum on cost on equipment and 25% per annum on cost of motor vehitles. CALDERDALE METHODIST CIRcurr Notes to the Accounts for the year ended 31 August 2023 1 Basis of Accounting and A¢¢ounting pOI￿leS { cont.) Monetary Inve8tments The Circuivs investments are in monetary assets classified as basic financial instruments under FRS102 and are held ty the Trustees for Methodist Church Purposes {TMCP} as custodian trustees. The valuats'ons, at market value. are those provided by TMCP. The unrealised gains arising on inveslments al the year end are shown in the SOFA. RKèivables and Payablos; Bank and Cash (Basic Flnanclal Instrurnents} Debtors are staled at the amounts owed to the Circuit or prepaid. Creditors are initKally recognised al settlement amount after trade discounts, where normal credit tems apply. or the amount advanced to the Circuit.SubsequenUy creditors that are current liabilities are measured at the cash or other conSiderat￿)n expected lo be paid. The liquby funds of bank balances and deposit fund balances are shown at their reali5able values. Mrfhodist Connoxional Funds The Melhodist Church Cor¢nexion raises assessments 4aiAst Circuits and these ar8 paid quartedy to their Districts. The Cir¢uil$ raise assessments against Churches in the Cir¢uit. The Distri¢t quarterly remits to the Methodist Church Fund most of the sums received from Circuits. A small sum is retsined by the District to meet its own costs. The Cir¢uit may act as agents for'ad hoc" collections for various funds controlled and administered by the Methodist ChU￿h. Endowm•nt funds Where the Circurt ho5ds money that may nol be spenl and must be retained las capital) lo generate an income the money or assets to be retained are classified as an Endowment Fund. The Capital will be shown in the balance sheet in the column for endowment funds. The income may be restricted or unrestricted depending upon the terms of the endowment CALDERDALE METHODIST CIRCUIT Notes to the Accounts for th& year end8d 31 August 2023 2 Ats8e88ments on Church08 The Circuil comprises of 20 churches and gech is assessed fer a contribution lo meet the overall nel Costs of the Circuit. The circuit aims to cover 811 f('s net cor8 costs from the assessment. The assessment on churches is annualty determined by the Circuit using a fomiula which takes Into account the number of church attendees, the number of members and 118 net income. The relovanl churches are as follcwts: Bethesda Blackshaw Head Bootht¢)wn & Soulhowram Brighouse Central Christ Church LEP Clifton Cross Hill$ Hebden Royd Heplonst811 Highgate Illingworth Mcor Mount Tabor North¢)wram Salem Southgate Sl Andrev/s Sl MattheW8 LEP St Paul's Slones Todmorden 3 Grants and donallons 2023 2022 Brighouse Central- expenses shorlfall- mission- repairs New Ebenezer project Mt Zion property work and utllllies Illin9WOrth Moor- layworker8 Christians Together Calderdale - donation Redistribution of prior year SLrrplus lo all circuit churches 46,000 15,512 30,760 4,325 6,707 4.000 61.660 CALDERDALE METHODIST CIRCUIT Notes to the Accounts for the year ended 31 August 2023 4 Salarios and associatod costs 2022123 2021122 Gross wages and salaries Employerfs national Insuran￿ costs Pension costs 187,432 14,443 164,093 12,200 AveTage number of staff employed during the year No employeos re¢eN￿ total remuneration in excess of £60,0￿. 5 Property maintenance Manse kyoperties Costs re unused church Graveyards upkeep 19,717 20,048 39,183 19,363 6 Payments lo TTUStees The￿ were no payments made to trustees for add￿onal services provided to th8 ￿rCuit by agreemenl wlh the GI￿Ul1 meeting, except payments made to ministers and lay Workers as their stipends.The Superintendent of the Circui( the other Prestyrs and the remaining members of the drcuil leadership team are considered as key management personnel. They are all also trustees. The remunerab'on pakl to this group of individuals totall8d £215,04712022 £189,617) TnBtee expenses Number of trustees Total amount paid Expense payments primary relate to reimbursement for travel and computer costs. 7 Fees for Independent ex•minatM)n of th• •¢¢ounts Independent examiners fees. Other fees paid to the independent examiner (auditor) 8 For information onty. Money recelved and pa88ed on to External Organisation8 Balance brought lorward from last year Offeringslgifts receNed for external organisations Offeringslgifts passed lo external organisalions Balance carned forward 6.703 6,703 6,993 6,993 9 Capltal Commitm•nts and Contingont Li•bilitios At 31 August 2023 the Circuit had no capital commitments or contingent liabilities. CALDERDALE METHODIST CIRCUIT Notes on the Accounts for the year ended 31 August 2023 10 Tangible fixod assets Cost or Valuatlon Flxturesl Motor oqulpmgnt Vehlcl Man888 Total Balan￿ brought fO￿ard Additions RevaluatK)ns Disposals Balance carried f0Th￿rd 1,650,000 5.927 22,336 1,678,263 -22336 -22.336 0 1,655,927 1,650,CMJO 5.927 Accumulatsd depreciatlon Basis Rate NIA SL 20% SL 25% Balan￿ bro￿2ht fornard Depreciation charge for year Revaluation Disposals Balance carried fopward 5.164 436 19,544 24,708 436 -19544 -19,544 5,600 5,600 Not book valu? Br￿ght forward Carried fo￿ard 1,650,000 1,650,000 763 327 2,792 1,653,555 0 1,650,327 During the year the motor vehicle was sold, resulting in a profit on disposals of £11,708. Surplus land at the fomier Lumbutts church was also disposed of. resulting in a further profil of £40,000. 11 Investments The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustee Interest Funds on which interest is credrted to the 8ccounls each month. These are regarded as medium and long tem investments. TMCP 18 the legal owner and Cuslcéian Tnjstee of all Methodist Mcdel Trust property, including legacies, endowments and accumulated funds. Trust propety is held for and on behaff of local Managing Trustees who are responsible for the day to day management of trust propety. TMCP ensures that. through providing guidance and acting under their direction. the Managing Trustees compty with charty law and Methodist law and policy as detemiined by Melhodlsl Conference. CALDERDALE METHODIST CIRCUIT Notes on the Acixjunts for Ihg ye8r 8nd8d 31 August 2023 Invostmonts (¢onL} Analysls of Inv••tm•nt movgmgnts 2023 2022 Invèstments listsd on a recognised StocJE Exthangtr Inwstsnents held in common investment ftJrK18 SacLFrrties not listed on a recKpJnised Stoclt Ex¢h8nge Cash deposits held al TMCP 10,TIO 11,255 39,703 50,473 38,340 49,595 Total Change In Investment values Carrwng Imarketl value at beginning of year Add". additions to investrnents at I￿$t Less". disposals at carrying vdue Net gainnoss on revalu8t*)n carr￿ng Imarketl value at year eThJ 50.330 878 50.473 -735 49.595 12 Tranglero funds Manses are induded in the Balance Sheel as General Fund$ lunre5trlctedl. When rnanses are sold, A￿￿ver, Methodist ru￿$ state ihat the proc8e(ts rnust bo paid into Circuit Mod81 Trust account ICMT). Similarly proceeds frorn sales of church?s are paid into thg CMT. wheroas the (ost$ ol maintsining and preparing the churches for sale are inrbally paid from Ihg ￿(¢ ggngral lun¢J5. Add￿Ona￿, there is S￿De expendi¢tJre in11al￿ paid from the G•n•ral Fund awaiting reimbursèm&nt from the CMT accounL and hjnds Iransl?rred frorn Ihg CMT to cov•r cartain luture payments. During the year £80,624 w85 tra￿lerred to thè CMT *count. 13 Anatysis of cmnt a￿ats Debtord and pw•paymènt• Sunthy d•bttsrs 46,301 19.845 46.301 19,645 Analy9ts of uedltorg Assessments in advance Other creditors 89,361 23,346 112,707 95,341 58,556 153,897 CALDERDALE METHODIST CIRCUIT 10 Notes lo the Accounts for the year ended 31 August 2023 14 D8tail•d analysls of Indfvldual fund movements Unrestri¢ted funds Openlng Balance 2,154,039 560.065 2,714.104 Closing Income Exponded Transfers Bal*nce 496,580 411.894 -80,624 2.158,101 17,255 117,225 80,624 540,719 513.835 529,119 0 2,698.820 General Model trugt fund The general fijnd 1$ for the furtherance of the general objecllves of the oreult The ￿de1 Trust Fund supports initiatives in mission, ministry and outreach. R￿triCt•d Fundg Openlng Balance 14.038 47.100 28,561 89.699 Closlng Balanco 14,448 48,478 29,397 92,323 Income Exp8nd•d Transl•rs 450 40 1512 134 917 81 2,879 255 Halstead legacy King Cross ￿retakerS house Ebenezer carelakets house Total Endowment Name How capltal Inv88tod currgnt capilal value Annual Inc. Various fiJnds {181 TnJslee5 for Meth Ch. 50,473 The restricted funds are for the following purposes.. M Halsted - Town cgnlre development King Cross car8lakers house- Supports initiatNes in mlssion. mlni81ry and OLtreach. Ebonezer caretskers house- Supw)rts initiatives in mission. ministy and outreach. Comparallvo anatysis of Indlvldual fund movements 202112022 Unrestrlctod funds Openlng Closlng Balance Incomg Expended Transtsrs Balance 1.885.893 1,061,168 472.883 -320,159 2.154.039 461.396 3.101 224,591 320.159 560,085 2,347,289 1,064,269 697,454 0 2.714,104 Gener81 Model trust fvnd Total CALDERDALE MEfHODIST CIRcurr 11 Notes on the ￿coUnts for the year ended 31 August 2023 14 Detalled anatysis of individual fund movements (¢ont.) Comparatlv• •nalysls of Indlvldual fund movement 202112022 (¢onLI Restricted Funds Openlng Balance 14,012 47,013 28,509 89.534 Closlng Income Exp•ndéd Tran8fer8 Balanco 40 14,038 134 47,100 81 28.561 255 89.699 M Halstead legacy King Cross caretakers house Ebenezer caretakers house 221 133 420 Total Endowment Nam• H¢)w capftal Invested Curr•nt eapltsl value Annual Inc. Various funds {17) Trustees for Meth Ch. 49,595 283 Capltal commllm•nts As at 31 August. the charity had contracted to purchase a replacement manse at a cost of £485,00012022 NIL) The eventual com ￿etIOn date was 3 Novemb&r, 2023. Trusteeg. responsibilities statement The trustees are ￿spOnSible for preparing Ihe Trustees, Annual Report and the financtal statements in accordance wth applicable law and United lQngdom Accounting Standards (United lfjngdom Generally Accepted Accounting Practsc8). The law applicable to Charities in England and Wales requires the trustees to prepare flnancial statements for each accounting year ￿lch give a true and fair view of the state of affairs of the charity and of the incoming ￿$OL5r¢eS and application of resources of the charty for that pervjd. In preparing these financial statements. the trustees are required lo.. select sullable accounting policles and then apply them consistently,. observe the methods and principles in the Charities SORP IFRS 1021., make judgements and esfjmales that are reasonable and prudent., stale whether applicable accountining standards have been followed, subject lo any material departures disclosed and explained in the financial statements.. prepare the financial statements on the goirKJ concern basis unless it is inapproprFate lo presume that the charity will continue in operation. The trustees are ￿spOnSible for keeping proper a¢¢ounting records that disclose with reasonat4e accuracy at any time the financial position of the charity and enable them to ensure that the financkAI statements compty with the Charities Act 2011, the Charilies IAc¢ount$ 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 tsking resonable steps for the prevention and dete¢tion of fraud and other irregularities. CALDERDALE METHODIST CIRCUIT 12 For the year ended 31 August 2023 DECLARATIONS Treasurer l confirm that these accruats- based accounts for the year to 31 August 2023 have been prepared from the records of the circuit and that they include all funds under the ￿ntrol of the Circuii mmeting. Signalure of Treasurer 1>Mar-24 Name Mr Paul Markham Address 121 IV1￿￿eY Road, Wheatley, Halifax Presontslion to the Clrcult mgoting for approval. I confimi that the annual report and accounts for the year ended 31 August 2023 were presented to the circuit meettng held on 13 March 2024 and were apwrowj. Signature of the Chair of the meeting Date 13￿ar-24 Name Indop8oident Exarnlnorfo R•port to Trustees ol Caldordal• Clrculi ofth• M•thodlst Church. I report to the tharity inJstee$ on my examination of the accowrfs olthe chaty the year ended 318t Augu8t 2023 vrt*th are set out on Pages 110 12. and buknof weport As the trnstees you are responsibk for tr* preparalon of Ihe accowrt# ui a¢e4rtlan￿ vAth th8 Tequirernents of Ihe Chaith&s Act 20111'lhe Act'i. I repryt in re¥pect of my examination of IhB ch￿Irt￿￿ acC￿nts ¢8rrred out under se¢iion 145 of the Ad In Can￿n9 (xrt myexaminabon I have *1 tha ¥F4ic*k Directlons giyon by Ihe Charfty ComrrMsSb)n uTrJer seclion 1451Sllbl ofthe Aol. Indepernlent ex8mknef8 8tatemert Since the thsrws gross InrxJme exceeded £250.OW yDurex8minermu8t b6 a member of 8 b￿lY Nsted kn 8erth)n 145 Df the Act. I coTrfi Ihat l am quaufièd to undertake the examirTrabw beGause l am a MeM￿r of ￿ Instlule of Chartered Acc￿nIants in Eng18nd & W81es. wh¢h 1$ ot* ofthe fL4ted t*Jth'ts. I have rx)mF4eted my examIn81¥)￿ l Conflrni that no matsdal malter5 have wme trj my aitethn ¢n conrffction ￿1h the examinatiDn 01￿ me G8u8e to believe Ihal in any m8tertsl respect." acmJnlny recorf$ w￿e not kept In respect oftseharity as r4￿red by sedion 19) of ihe Atr, Ihe accounts do not accwd vr4h those re￿)rds. Dr Ihe accOUr￿ tto nci cornpty wih the app11cab￿ requir8merts conceming the form and content of accounts set t￿1 In Ihe Charf)es {A¢C￿nIS and Reports) Re9ulalon$ 2008 oll*r than any reqwemeni that acwjnts gNe a aThY fair vw which is not a matter considered as pth of w indydent ex8mkndon. I ha¥Y rK) and have corne acros8 no other matters in ￿nnectiOn v*th the e¥amln8t4on lo whty* attenlion shou￿ be drawn in th rgpjrt (n Order lo enabk a proper urKler5tanding olihe accounts lo be reached. 6cLirfsIo PETERDYSON CHARTEREDAGGQUNTANT 8alrstow & ALl￿s0 CherteredAc&)unt•nts C•11on Hwse Bull close Lane Halilax HX1 2EG Date 13 Mareh 2024 ## Independent Examiner's Report to the Trustees of Calderdale Circuit of the Methodist Church. | report to the charity trustees on my examination of the accounts of the charity for the year ended 31st August 2023 which are set out on pages 1 to 12. ## Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). | report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent examiner's statement Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
Signed CZan Dy [or
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PETER DYSON CHARTERED ACCOUNTANT ## Bairstow & Atkinson Chartered Accountants Carlton House Bull Close Lane Halifax HX1 2EG Date 13 March 2024