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2020-08-31-accounts

REGISTERED CHARITY NUMBER: 1134873

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

BRISTOL DISTRICT OF THE METHODIST CHURCH

BRISTOL DISTRICT OF THE METHODIST CHURCH

Contents of the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2020

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Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 19
Detailed Statement of Financial Activities 20
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BRISTOL DISTRICT OF THE METHODIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2020

The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Significant activities

  1. The advancement of the Christian Faith with the doctrinal standards and discipline of the Methodist Church.

The District continues to support a range of activities under this heading including:

Specific activities supported under this heading include:

The trustees have had regard to the Charity Commission's guidance on public benefit.

Grant making

In the case of the grant making functions of the District through its restricted and endowment funds, it is the policy of the District only to make grants against funds actually available in those funds at the time of the grant (even if the grant is spread over a number of years) - no future income to the fund is assumed when a grant is made.

Volunteers

Every entity (Connexion, District, Circuit, Church) within the Methodist Church in GB is heavily reliant on volunteers who contribute their skills, time and money in the furtherance of the work of the Church. Principally this contribution is by serving on committees of the District that deal with mission, manses, finance, policy, grants, training, development. We are grateful to all of them for their help and commitment.

Page 1

BRISTOL DISTRICT OF THE METHODIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2020

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The District endeavours to maximise the District's potential as a facilitator and resource for mission in support of the Circuits and Areas that comprise the District, and to identify what needs to be done by the District and what can be done and is best done at different levels within the District.

Work has continued in the fields of Safeguarding, Grants and Project approvals along with a wide range of other necessary and requested work across the District being undertaken and delivered to fulfil Methodist Church Standing Orders and to resource circuits and churches in the District.

The District continues working with the Trustees of John Wesley's Room (the New Room) in Bristol. The District has been supporting an education officer at the New Room on a time limited basis as they implement their development plans; this funding ended in 2019/20. The New Room facilities and site have been enhanced to set out and display the history and artefacts of the site and to provide education facilities relating to the history and development of Methodism in the UK and worldwide.

The streamlined management structures for the District have been in operation since September 2018 and are functioning well.

FINANCIAL REVIEW

Principal funding sources

The income to the District Advance Fund is derived from levies on Circuit Advance Funds which in turn rely on property sales and disposals for their replenishment. This has enabled continuation of the number and level of new grants from the District Advance Fund as in the immediately preceding years.

Ongoing Expenditure

The District is continuing to develop its relationships with regional training staff employed by the Methodist Church and covering the South West. This provides a resource to the region equivalent to 1 1/3 persons per year. The employment of the Safeguarding Officer will continue as there has been much increased demand placed upon this role. The District continued to support a part time education officer based at the New Room; future support for her employment will be through grant funding. The District continue to see increasing enthusiasm and cohesion in the youth work around the District and are considering how best to support this work.

Reserves policy

The reserves available for use by the District are deemed to be those funds that are readily realisable less those funds which are restricted or designated for other purposes. The District has an established reserves policy which provides six month's reserves against normal expenditure. This policy is deemed by the District Policy Committee to be sufficient to allow for an orderly cessation or reorganisation of continuing activities in the event of unforeseen financial difficulties, for example, default on payments to the District. The reserves policy does not allow for assessment payments to the Methodist Church, it being assumed that the Methodist Church and individual Circuits have reserves policies that are robust against failures in these payments.

At the year end the District held total reserves of £817,679 (2019 - £862,661 as restated) of which £79,297 (2019 - £82,168 as restated) is held in restricted funds. The District held £135,557 (2019 - £126,331) in free reserves which equates to more than 12 months' general expenditure (excluding grants payable and levies).

Page 2

BRISTOL DISTRICT OF THE METHODIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2020

FINANCIAL REVIEW

Covid-19

The trustees have considered the impact that the Covid-19 pandemic will have on the charity's current and future financial position. In order to mitigate the threats that Covid-19 may pose to the organisation, the charity has confirmed with the Circuit Treasurers their ability to pay their assessments for the financial year 2020/21.

Having confirmed this point, the trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.

FUTURE PLANS

All activities of the District continue to be reviewed to ensure that what is done is relevant to the needs of the present time and are affordable.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Structure, Governance and Management of the Bristol District is as established by The Deed of Union and the Model Trusts enshrined in The Methodist Church Act 1976 and as set out in detail in the Constitutional Practice and Discipline of the Methodist Church.

Recruitment and appointment of new trustees

Trustees are appointed based on their experience and skills, independence of thought and commitment to the furthering the objectives of the Methodist Church.

Organisational structure and wider network

Circuits are groups of churches; circuits pay the stipends of the ministers and employ lay staff to serve the churches in the circuit; most decisions are made at or ratified by the half yearly circuit meeting. A district is a group of contiguous circuits and makes its decisions at the half yearly synods. The Methodist Conference meets once each year and is the supreme governing body in the Church.

1. Overall control rests with the Methodist Conference.

  1. The Connexional Office implements decisions made by Conference and is also responsible for the stationing of presbyters and deacons in individual circuits within the District

  2. Connexional decisions are passed to the Chair of the District and the appropriate officers of the District for implementation.

  3. The District passes control down to circuit level for local implementation by the Superintendent Minister, ministerial staff and circuit stewards, and authority is delegated to the Circuit Meeting for certain matters.

  4. The Circuit Meeting passes control down to church councils for local implementation by the presbyter, the church stewards, and other officers, and authority is delegated to church councils as Managing Trustees.

Induction and training of new trustees

The Methodist Church runs a number of seminars relating to the induction and training of trustees and trustees of the District are expected to attend. Most appointees are trustees of other organisations and will also have experience and training with the other organisation.

Risk management

Major risks are reviewed regularly by the District's Policy Committee which establishes systems and procedures to manage those risks. As necessary such systems and procedures are brought before the twice yearly Synod meeting to be endorsed.

Page 3

BRISTOL DISTRICT OF THE METHODIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2020

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1134873

Principal address

Bristol District Office Wesley Methodist Church Wesley Slope Frome Somerset BA11 1HA

Trustees

Rev Dr J Pye Chair of District Rev C Chaplin Synod Secretary Mrs A Jackson Treasurer A Fleet J Flowers Rev S Bennett Prof K Mortimer Rev S Robinson Mrs P Packer Rev D A Hull Rev P Stonehewer

Independent Examiner

Geoffrey Speirs FCA ICAEW Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol BS1 6HL

FUNDS HELD AS CUSTODIAN FOR OTHERS

No funds are held on behalf of others.

Approved by order of the board of trustees on 7 June 2021 and signed on its behalf by:

Mrs A Jackson - Trustee

Page 4

Independent Examiner's Report to the Trustees of Bristol District of the Methodist Church

Independent examiner's report to the trustees of Bristol District of the Methodist Church

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2020.

Responsibilities and basis of report

As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I 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, I have followed all applicable Directions given by the Charity Commission under section

145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

I have no concerns. other than the matter set out below, 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.

Matter of concern identified

The Trustees' view on the impact of Covid-19 is disclosed in the trustees' report and in the accounting policies note. However, not all future events or conditions can be predicted. The Covid-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the charity and wider economy.

Geoffrey Speirs FCA ICAEW Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol BS1 6HL

7 June 2021

Page 5

BRISTOL DISTRICT OF THE METHODIST CHURCH

Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2020

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
4
Management of the Bristol
District
123,517
Grant funding
-
Investment income
3
1,212
Total
124,729
EXPENDITURE ON
Charitable activities
5
Management of the Bristol
District
124,487
Grant funding
3,218
Total
127,705
NET
INCOME/(EXPENDITURE)
(2,976)
RECONCILIATION OF
FUNDS
Total funds brought forward
As previously reported
682,080
Prior year adjustment
13
-
As restated
682,080
TOTAL FUNDS CARRIED
FORWARD
679,104		 Restricted
funds
£
1,513
-
-
616
2,129
-
5,000
5,000
(2,871)
31,949
50,219
82,168
79,297		 District
Advance
Fund
£
-
-
93,457
3,484
96,941
770
135,306
136,076
(39,135)
98,413
-
98,413
59,278		 2020
Total
funds
as
£
1,513
123,517
93,457
5,312
223,799
125,257
143,524
268,781
(44,982)
812,442
50,219
862,661
817,679		 2019
Total
funds
restated
£
1,463
123,792
81,329
5,202
211,786
124,418
139,696
264,114
(52,328)
865,094
49,895
914,989
862,661

The notes form part of these financial statements

Page 6

BRISTOL DISTRICT OF THE METHODIST CHURCH

Balance Sheet 31 AUGUST 2020

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
CREDITORS
Amounts falling due after more
than one year
16
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
543,547
138,437
(2,880)
135,557
679,104
-
679,104		 Restricted
funds
£
-
79,297
-
79,297
79,297
-
79,297		 District
Advance
Fund
£
-
383,381
(188,281)
195,100
195,100
(135,822)
59,278		 2020
Total
funds
£
543,547
601,115
(191,161)
409,954
953,501
(135,822)
817,679
679,104
138,575
817,679		 2019
Total
funds
as restated
£
555,749
598,461
(142,076)
456,385
1,012,134
(149,473)
862,661
682,080
180,581
862,661

The financial statements were approved by the Board of Trustees and authorised for issue on 7 June 2021 and were signed on its behalf by:

A Jackson - Trustee

The notes form part of these financial statements

Page 7

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 2015 (FRS 102) (effective 1 January 2015) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.However, the Covid-19 pandemic is likely to have a profound impact on the global economy, and may in turn affect the charity. The trustees have considered the impact of this issue on the charitable company's current and future financial position. The charity holds unrestricted, general reserves of £135,557, The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

Income

Income is brought into account when it is more likely than not that the economic benefit of the income will accrue to the Bristol District. No attempt is made to measure the value of services donated by volunteers. Details of how the contribution to the cost of the District Chair has been determined appears in Note 10.

Individual amounts categorised as Other Income in the SOFA will be shown separately if they are considered material.

The District acts as agent in four matters:

  1. the collection of quarterly assessments from circuits which are paid to the Methodist Church Fund

  2. the payment of expenses of delegates from the District to the Methodist Conference

  3. the collection taken at the spring synod on behalf of the Methodist Minsters’ Children’s Relief Fund

  4. the cost of ministerial health checks recovered from Circuits

In all these matters the transactions are not reflected in the SOFA because there is no obligation on the District to make up any shortfall in assessments from Circuits. Sums received as Circuit assessments cannot be recognised as income in the District as they are the income of the MCF.

In accordance with the Charities SORP (FRS 102) , the time of volunteers is not recognised.

continued...

Page 8

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants receivable and payable are recognised in the period to which they relate. Grants are recognised in full when the award is made once the District accepts that there is a legal or constructive obligation to make the payment and that such payment is probable.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs

Governance costs comprise all costs involved in the public accountability of the charity and its compliance with regulation and good practice.

Tangible fixed assets valuation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 25% on cost

These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown at cost. Provision has been made for depreciation where appropriate.

VAT

Since the District is not VAT registered, all input VAT is charged with the expenses to which it refers.

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Cash and short term investments

Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments including cash on deposit with TMCP and CFB. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Creditors

The charity has creditors which are measured at settlement amounts.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

continued...

Page 9

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds are incoming resources receivable or generated for the objects of the District without further specified purpose. They are available as general funds and can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets the criteria is charged to the fund together with a fair allocation of support costs where appropriate.

Endowment funds represent restricted gifts, the capital normally being unavailable for spending.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods

The value of services provided by volunteers is not incorporated into the financial statements.

Where goods or service are provided to the charity as a donation that would normally be purchased from suppliers, the contributions are included in the financial statements as an estimate based on the value of the contribution.

Ministers' manse costs

The District is required to provide accommodation for each Minister and his / her family. The District bears the cost of repairs, maintenance, building insurance, Council Tax and water charges. These costs are not shown separately as benefits-in-kind for Ministers as HMRC does not seek to tax these receipts in the hands of the Ministers.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2020 2019
as restated
£ £
Donations 1,513 1,463

continued...

Page 10

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

3. INVESTMENT INCOME

Interest and investment income
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Assessment or Share
Management of the Bristol District
Contribution to Chair's
stipend related costs
Management of the Bristol District
Contribution to other staff
Management of the Bristol District
Contributions from CAF
Grant funding		 2020
a
£
5,312
2020
a
£
87,852
31,065
4,600
93,457
216,974		 2019
s restated
£
5,202
2019
s restated
£
87,982
30,210
5,600
81,329
205,121

Assessment income is shown net of the payment to the Methodist Church Fund of £613,151 (2019 - £604,078) in accordance with national guidance.

5. CHARITABLE ACTIVITIES COSTS

Management of the Bristol District
Grant funding		 Direct
Costs (see
note 6)
£
124,112
-
124,112		 Grant
funding of
activities
(see note
7)
£
-
143,524
143,524		 Support
costs (see
note 8)
£
1,145
-
1,145		 Totals
£
125,257
143,524
268,781

Payment of assessment collected and passed on to the Methodist Church Fund of £613,151 (2019 - £604,078) has been netted against the respective income in accordance with national guidance.

continued...

Page 11

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Manse costs
Admin, phone and travel
Training
Ministry
Chair's stipend related costs
Depreciation
7.
GRANTS PAYABLE
Grant funding
The total grants paid to institutions during the year was as follows:
District Advance Fund grants
Churches Together
Other grants		 2020
a
£
31,873
5,170
27,277
4,540
11,985
31,065
12,202
124,112
2020
a
£
143,524
2020
a
£
135,306
3,218
-
138,524		 2019
s restated
£
29,806
5,357
31,363
3,332
8,308
30,210
12,202
120,578
2019
s restated
£
139,696
2019
s restated
£
135,929
3,159
608
139,696

The Bristol District (through the DAF grants) supports 9 circuits within the Bristol area. The circuits carry out a number of projects and money is provided from the District to support these projects.

continued...

Page 12

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Management of the Bristol District 1,145
Support costs, included in the above, are as follows:
2020 2019
as restated
Management
of the
Bristol Total
District activities
£ £
Independent examiner's remuneration 1,145 3,840

9. EXAMINER'S REMUNERATION

Amounts payable to the Independent Examiner comprise £1,140 (2019 - £1,140) for the independent examination and £2,700 (2019 - £2,700) for the production of the accounts.

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.

Trustees' expenses

The Chair of District chairs meetings of the District Policy Committee (DPC). The members of the DPC are the trustees of the District. The stipend, employer's NIC and employer's pension contributions of the Chair of District are paid by the Methodist Connexion. The Chair's other costs are met mostly by the District.

£ £
2020 2019
Stipend of Chair of District 24,852 24,168
Chair's allowance 6,213 6,042
Costs incurred by Connexion 31,065 30,210
Manse costs 5,170 5,280
Chair's expenses (including secretarial services) 9,710 7,403
14,880 12,683

The stipend-related costs above (ie £31,065; 2019 £30,210) are borne by the Connexion and they therefore appear both in the Income of the District and the Expenditure of the District (See Note 11). It should be noted that the chair is required to occupy the District manse. The manse is provided by Bristol District and the District maintains the property. The Chair of District is the sole paid key management person but is supported by members of the DPC.

continued...

Page 13

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

10. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses - continued

Payments to trustees

It is District policy to offer to reimburse members of the District Policy Committee and others involved in the administration of District affairs for expenditure properly incurred in carrying out their duties. The Chair of the District undertakes the primary executive role within the District. Apart from the Chair of District no member of the District Policy Committee was in receipt of any payment for work undertaken on behalf of the District, although certain travelling and administration costs were reimbursed whenever this was requested.

During the year travel expenses have been reimbursed to other trustees who, in aggregate, have received the cost of travel incurred in attending meetings and this amounted to £979 (2019 £2,004).

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:		 2020
as
£
29,224
1,439
1,210
31,873
2020
as		 2019
restated
£
26,699
1,604
1,503
29,806
2019
restated

No employees received emoluments in excess of £60,000.

In addition to the costs above, stipend-related costs of the Chair of £31,065 (2019 - £30,210) are borne by the Connexion. These costs appear both in the income of the District and the expenditure of the District.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
288
Charitable activities
Management of the Bristol District
123,792
Grant funding
-
Investment income
1,113
Total
125,193		 Restricted
funds
£
1,175
-
-
455
1,630		 District
Advance
Fund
as
£
-
-
81,329
3,634
84,963		 Total
funds
restated
£
1,463
123,792
81,329
5,202
211,786

continued...

Page 14

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
EXPENDITURE ON
Charitable activities
Management of the Bristol District
123,520
Grant funding
3,767
Total
127,287
NET INCOME/(EXPENDITURE)
(2,094)
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
684,174
Prior year adjustment
-
As restated
684,174
TOTAL FUNDS CARRIED FORWARD
682,080		 Restricted
funds
£
-
-
-
1,630
30,643
49,895
80,538
82,168		 District
Advance
Fund
as
£
898
135,929
136,827
(51,864)
150,277
-
150,277
98,413		 Total
funds
restated
£
124,418
139,696
264,114
(52,328)
865,094
49,895
914,989
862,661

13. PRIOR YEAR ADJUSTMENT

The Gloucester City Centre Fund reflects money received from the sale of property by St John's Methodist Church, Gloucester. Methodist rules require that such funds are held by the District, but the District is only allowed to disburse it in response to a request from the Gloucestershire Circuit for work in Gloucester City Centre.

Previously, these funds have not been included as part of the assets of the District but clarification on the nature of the fund was received in the year and the fund is now included as a restricted fund . The inclusion of the funds, and related interest, has resulted in an increase in the total net assets of the District at 31 August 2019 of £50,219 and at 31 August 2018 of £49,895.

Page 15

continued...

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

14. TANGIBLE FIXED ASSETS

Fixtures
Freehold
and
property
fittings
£
£
COST
At 1 September 2019 and 31 August 2020
577,549
2,604
DEPRECIATION
At 1 September 2019
23,102
1,302
Charge for year
11,551
651
At 31 August 2020
34,653
1,953
NET BOOK VALUE
At 31 August 2020
542,896
651
At 31 August 2019
554,447
1,302
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
a
£
Grants payable
188,281
Accruals and deferred income
2,880
191,161
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020
a
£
Grants payable
135,822		 Totals
£
580,153
24,404
12,202
36,606
543,547
555,749
2019
s restated
£
137,276
4,800
142,076
2019
s restated
£
149,473

Page 16

continued...

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Manse Property Fund
Restricted funds
District Advance Fund
Bursary Fund (Lay Training)
Chairman's Benevolence Fund
Gloucester City Centre Fund
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Manse Property Fund
Restricted funds
District Advance Fund
Bursary Fund (Lay Training)
Chairman's Benevolence Fund
Gloucester City Centre Fund
TOTAL FUNDS		 At 1.9.19
£
126,331
555,749
682,080
98,413
12,601
19,348
-
130,362
812,442
s follows:		 Prior
year
adjustment
£
-
-
-
-
-
-
50,219
50,219
50,219
Incoming
resources
£
124,729
-
124,729
96,941
166
1,631
332
99,070
223,799		 Net
movement
At
in funds
31.8.20
£
£
9,226
135,557
(12,202)
543,547
(2,976)
679,104
(39,135)
59,278
166
12,767
(3,369)
15,979
332
50,551
(42,006)
138,575
(44,982)
817,679
Resources
Movement
expended
in funds
£
£
(115,503)
9,226
(12,202)
(12,202)
(127,705)
(2,976)
(136,076)
(39,135)
-
166
(5,000)
(3,369)
-
332
(141,076)
(42,006)
(268,781)
(44,982)

continued...

Page 17

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Manse Property Fund
Restricted funds
District Advance Fund
Bursary Fund (Lay Training)
Chairman's Benevolence Fund
Gloucester City Centre Fund
TOTAL FUNDS		 At 1.9.18
£
116,223
567,951
684,174
150,277
12,601
18,042
-
180,920
865,094		 Prior
year
adjustment
£
-
-
-
-
-
-
49,895
49,895
49,895		 Net
movement
in funds
£
10,108
(12,202)
(2,094)
(51,864)
-
1,306
324
(50,234)
(52,328)		 At
31.8.19
£
126,331
555,749
682,080
98,413
12,601
19,348
50,219
180,581
862,661

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Manse Property Fund
Restricted funds
District Advance Fund
Chairman's Benevolence Fund
Gloucester City Centre Fund
TOTAL FUNDS		 Incoming
resources
£
125,193
-
125,193
84,963
1,306
324
86,593
211,786		 Resources
Movement
expended
in funds
£
£
(115,085)
10,108
(12,202)
(12,202)
(127,287)
(2,094)
(136,827)
(51,864)
-
1,306
-
324
(136,827)
(50,234)
(264,114)
(52,328)

Manse Property Fund (designated)

The fund reflects the net book value of the manse property including fixtures and fittings.

District Advance Fund (restricted)

This provides specific project grants within circuits and churches.

Bursary Fund (restricted)

The fund provides grants to support lay training.

Chairman's Benevolence Fund (restricted)

continued...

Page 18

BRISTOL DISTRICT OF THE METHODIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2020

17. MOVEMENT IN FUNDS - continued

This fund represents a hardship fund and is expendable at the sole discretion of the District Chairman. Due to the confidential nature of the fund this has been separately audited.

Gloucester City Centre Fund

The fund reflects money received from the sale of property by St John's Methodist Church, Gloucester. Methodist rules require that such funds are held by the District, but the District is only allowed to disburse it in response to a request from the Gloucestershire Circuit for work in Gloucester City Centre.

18. EMPLOYEE BENEFIT OBLIGATIONS

The pension contributions of the Chair of District are paid by the Methodist Connexion to the Methodist Minister’s Pension Scheme (MMPS).

Lay employees are contractually employees of the District and have the option of joining the Pension and Assurance Scheme for Lay Employees of the Methodist Church (PASLEMC), The Pensions Trust or some other arrangement. PASLEMC is a defined benefit scheme and the employing Churches and Circuits contribute as employers to this scheme.

The District belongs to a multi-employer defined contribution scheme operated by TPT Retirement (formerly The Pensions Trust) which is offered to lay employees. The cost of the pension scheme to the District for the year ended 31 August 2020 was £1,210 (2019 - £,503).

19. CONNECTED ORGANISATIONS AND RELATED PARTIES

All of the District trustees are members of one or another Church and Circuit within the District and may be trustees in their Churches and/or Circuits.

Connected organisations include the Methodist Connexion, Circuits and Churches within the District, other Methodist Districts in Great Britain, the Methodist Ministers' Children's Relief Association, CFB and TMCP. All of these entities have their own trustees or directors and autonomous administration such that Bristol District has no significant influence over any of them, nor they over Bristol District. They are, therefore, not considered related parties.

There were no related party transactions for the year ended 31 August 2020 (2019 - nil).

Page 19

BRISTOL DISTRICT OF THE METHODIST CHURCH

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Interest and investment income
Charitable activities
Assessment or Share
Contributions from CAF
Contribution to Chair's stipend related costs
Contribution to other staff
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Manse costs
Admin, phone and travel
Training
Ministry
Chair's stipend related costs
Depreciation of tangible fixed assets
Grants to institutions
Grants to individuals
Support costs
Governance costs
Independent examiner's remuneration
Total resources expended
Net expenditure		 2020
a
£
1,513
5,312
87,852
93,457
31,065
4,600
216,974
223,799
29,224
1,439
1,210
5,170
27,277
4,540
11,985
31,065
12,202
138,524
5,000
267,636
1,145
268,781
(44,982)		 2019
s restated
£
1,463
5,202
87,982
81,329
30,210
5,600
205,121
211,786
26,699
1,604
1,503
5,357
31,363
3,332
8,308
30,210
12,202
139,696
-
260,274
3,840
264,114
(52,328)

This page does not form part of the statutory financial statements

Page 20