CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Sunderland Circuit FOR THE YEAR ENDED 31 August 2024 Newcastle District Circuit no 20116 Reglstered Charlty - Charlty Regi8tration number 1134964 If not a registered charity H18 Majesty'8 Revgnuo and Cu8tom8 Glft Aid number (The HMRC number is equivalent to 8 registered charlty number in lerms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charltable status, Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) Ministers: Rev Jane Cook Rev. Robethasema Rev: John Purdy.,..... Circuit Stewards: Judith Howarth Malcolm Muir Derek Sherriff David Tait Treasurer: Barbara Russell Front page.￿$X 1011 C* 4 0 ty) O m orno¢yao m T* f* L4b ￿ C rn z c n G) wthw rxj Ln 0> Notes to the Accounts l Basls of accouniln6 The financlal statements have been prepared under the Charltle5 Act 2011 In accoidance with the 2014 verslon of Accountlng and ReportlnE by Charitites.. Statemènt of Recommended Practisè ISORPI applicable to charitles preparin8 their acocunt in accordance with FRS102- the Charltltes SORP IFRS 1021 and taklng note of the Update Bulletin l issued In 2016 2 Funds The funds held constitute: General Funds held for any purp05e of the Circult whlch are Unrestricted. The circult model trust fund has wide purposes deflned in Standing Orders and Is categtrrlsed as unrestrlcted. Restricted funds whlch are held for a narrower purpose. There are no Endowment funds. Details of each materlal fund are dlsclosed In the final note to these accounts, Any funds may be represented by more than lust Cash. 3 Ac¢ountlng pollcles Basls These accounts have been prepared on the ba515 of hI5torlcal r05t except the Investment are shown at thelr market value at the end of ihe year, on the accruals bas15 to show a true and falr vlew of the Clr¢ults flnanc5al position and actlvltles. In￿rnIng Rewurces Income Is Included In the Statemerbt of Flnanclal Actlvltles ISOFAI when the Circuit becomes entltled to the resources, and the trustees are reasonably certain they wlll recelve the re50urce5,' and the monetsry value can be measured with sufflclent reli8bilitv. Resources Expended Thls Is recognlsed when a liability is incurred, or a constructlve obllgatlon arlses, that results In the payment b•inB unavoldable. Llabllltles are recogn15ed a5 soon a5 an outflow of economlc beneflt Is considered more Ilkely than not under the legal or constfU¢tlve obll8ation commlttlng the Clfcult to pay out resources Grants Grants made by the Clrcuit from Its own funds are recognised in full at the tlme of agreement or when the Circuit accepts that there Is a legal or operatlonal obllgatlon to make the payment VAT SSnce the Clr¢ult Is not VAT re8lstered, all Input VAT Is charged wlth thé expenses to whleh It refers. Tan6lble flxed assets for use by the Clrcult Tanglble flxed asset5 are capitalised If they can be used for more than one year, and cost at least £4,500. The freehold property Is shown In the accounts at 2017 deemed values. No depreclatlon Is provided on the bulldln8s because the trustees consider the current falr value of the manse bulldlng5 lon the a5suniptlon that they have reached the end of thelr useful economic life by the year.endl to be not less that thelr current values. Any depreclatlon would not be material. The propertles have been revlewed for impairment. Investmeni PropertlÈs No property Is currently deemed to not be held for the long term purposes of the charlty, Investmen1$ Investment are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when recelvable and any galns or losses on revaluatlon at the year end are show In the SOFA, Debiors and PrepaymÈnt$ The prepayments Included In the accounts Includes Insurance Credltors Credltors Include both sundry expenses and speciflcally the 1st quarter a55essments recelved In August. 4 Payment to Trustee$ There were no payments made to trustees for additional servlces provlded to the Clrcult by agreement with the Clrcult Meetlng; this excludes 5tlpend5.' Trustee Expen5È5: 2023124 2022123 Number of Trustees Tt)tsl Amount 7,239 9,788 S FeÈs for examlnatlon or audlt of the accounts 2023124 3,300 2022123 2,880 Independent examiner'5 fees for reportlng on the accounts other fee5 pald to the Independent examlner or auditor 6 Pald employees Staff Costs paid durin8 the year were: Gross wages. salarles and beneflts in kind Employer National Insurance cost Penslon eosts Total staff costs Average number of full-time equlvalent employees In the year., 7 Capltal Commlttemnt and Contlngent Llabllltlle$ At the 31st August 2024 there are no capltal commltments No Contln8ent Ilablllties were identified at 31st August 2024 8 Money recelved and passed on to External Or8anlsatlon5 (for Intorm•tlon onlv) 2023124 127,924 9,333 23,435 160.692 3.50 2022123 102,786 10,950 21,258 134,994 3.50 2023124 2022123 alance brought forward from last year Offering l Gift5 - recevled for External Organisation5 Offerln81 G1ft5- passed to External Organlsatlons ealance carried forward 9 Tan8lble Flxed Assets Cost or valuatlon POA and assets under eonsrI￿tlo Other bulldlngs fiitirv4 and I9￿1pment Land Manses 959,113 Total 959,113 Balance bf Addltlons Revaluations l+l-} DIsposa151.1 Transfers l+l-I Balance cf Accumulated depreciation Balance bf Depretlatlon l.) Revaluatlons l+/-I Disposals l-l Transfers l+l-I Balance cf Net book value Brought forward Carried forward 226,613 226.613 732,500 732,500 959,113 732.500 959,113 732,5(lJ 10 Investment assets The cirtuit has no Investment propertles The circuit has no common Investment fund holdin8S 11 Loan5 The ¢lr¢ult currently has no loans 12 Analysls of restrltiod and d818nated funds The Income and expenditure of malntalnlng Burn Pack, Ewesley Road, Humbledon, St Andrews and St Cuthberts churche515 recorded in General Fund actlvity 13 Golng wncern The flnanclal statements have been prepared on a goin8 concern basi5 as the Trustees believe that no material uncertalntles exist. The trustee5 have considered tho lovel of funds held and the expected level of income and expendlture for 12 month5 from authorlslng these accounts and have concluded that the Clrcult15 able to continue as a golng concern Name of Circuit . Sunderland Methodist Circuit No: 20116 Declarations and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting. Signature of treasurer 12wMeLI, Date 20th March 2025... Name and address of treasurer.. Barbara Russell 30, Kirkstone Avenue, Sunderland SR5 1 NH Presentation to the Circuit meeting I confirm that the annual report and accounts for the year ended 31 August 2024 were presented to the Circuit meeting held on: .20th March 2025 Signature of the Chair of the meeting...... Name of the Chair of the meeting: Rev Jane Cook Date: 20th March 2025 Name of Circuit.. Sunderland No: 20/16 Independent Examiner's Report to the Trustees of the Sunderland Circuit Charity Number: 1134364 Responsibilities and basls of report I report to the trustees on my exambination of the accoints of the Sunderland Circuit for the year ended 31 August 2024. As the Circuit's trustees, you are responslble for the preparation of the accountds in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable directors fiven by the Charity Commission under section 14515llbl of the Act. Independent Examlner's Statement I have completed my examlnation. I can conflrm that no material matters have come to my attention in connectlon with the examination which give me cause to believe that in, any material respect: the accounting records where not kept lun accordance with section 130 of the Act; or the accounts do not accord wiht the accounting records; or the account do not comply with the applicable requirements concernin8 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 falr, view, which is not a matter considered as part of an independent examination the trustees, annual report is not consisten with the accounts I have no concerns and have come across no other matters in conncetion 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. I have not obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held In other trusts, bank balances and funds at the centrl Finance Board of the Methodlst Church which are individually in excess of £10,000 {ten thousand pounds) at the balance sheet date. Signature of independent examiner: G)I U¥¢U, ¥VII>IILUIIQ311 How the charity is constituted Trust Trustee selection methods Appointed by local churches (some ex-officio) Additional governance issues (Optional informatlon) Inductionrrraining Range of guidance provided by Methodist Connexion. Leaflet 'the role of a Trustee in the Methodist Church, given to each trustee. You may choose to include additional information, where relevant, about.. policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity Structure Part of Newcastle District. Accountable to Methodist Conference. Related Parties Newcastle Methodist District. relationship with any related parties. trustees, consideration of major risks and the system and procedures to manage them. Processes considering Risk Led by regular Circuit Leadership Team Access to professional advice as required. Regular review process for Circuit & Church Safeguarding Policies and condition of Circuit property. Section C Ob'ectives and activities Set out in the Methodist Church Act 1976 (clause 4) synopsis - Advancement of Religion and any charitable purpose of the Methodist Church or church organisation. (See Methodist Church Act 1976) The purposes of the Methodist Church are and shall be deemed to have been since the date of the Deed of Union the advancement of: a) The Christian faith in accordance with the doctrinal standards and discipline of the Methodist Church, and b) Any charitable purposes for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church, and c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and d) Any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church. Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) The Circuit produces a quarterly preaching plan to ensure regular acts of worship take place at each of our nine Methodist Churches. These are open to all people without charge. Through donations, collections and fund-raising activities the local churches support many other local and national charities in their work. The Trustees are regularly made aware of the guidance by the Charity Commissioner on public benefit. The Circuit considers via an item of business at every Circuit Meeting and in any legal processes. Additional details of objectives and activities (Optional Information) You may choose to include Local Churches are not defined as grant making bodies. further statements, where The main part of our Church Activities is undertaken by lay persons. relevant, about: policy on grant making., policy programme related investment. contribution made by volunteers. Summary of the main achievements of the charity during the year The Circuit continues to oversee the delivery of the objectives of the charity as set out in the governing documents. In addition to the provision of regular acts of worship, all nine churches are engaged in some way with children's andlor families, work in their communities (examples belng uniformed groups, assemblies, Messy Church, toddler groups) Many of the churches host events (like coffee mornings, lunches, knit and natter groups, Holiday at Home) for older people that address issues of loneliness, and social isolation. The Circuit continues to develop its partnership with Sunderland SAMBA team, with one of the Circuit ministers serving as chaplain to the team and the charity as a whole. Restructuring following the covid pandemic continues with surplus buildings being identified and sold. The Circuit is developing proposals to use the income from these sales to support and develop Children's and Families work across the Circuit from its existing messy Churches and a new appointment to develop Mission in the communities around three churches. Section E Financial review The Reserves Policy for the Sunderland Circuit is to hold a sum equivalent to 6 months average expenditure. This should be sufficient to meet any unforeseen item of major expenditure. Circuit ReseNes fund the Circuit Administrator. Brief statement of the charity's policy on reserves Details of any funds materially in deficit None. Further financial review details (Optional information) The majority of the Circuit Finance is derived from Circuit Churches. You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising). how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(sl Posltlon le.g. Secretary, Chair, etc) Rev Jane Louise Cook Jni T4 CHAIR LLLQU IT s Date >0,2•'