2022-08-31-accounts - The Methodist Church - Barnsley Circuit

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		Page
Legal and administrative information
Trustees' report		4-9
Independent Auditor's	report	10-12
Statement offinancial	activities	13
Balance sheet		14
Statement ofCash Flows		15
Notes to the financial	statements	16-28

expenditure (less any extr are analysed below;	aordinary expenditur	e). The funds o	f the charity at
		2022	2021
		0	0
Total Funds at 31stAugust		3,549,120	2,476,485
Restricted Funds		(1,171,091)	(1,029,119)
Designated Funds		(76,000)	(75,500)
Tangible Fixed Assets		(1,628,074)	(1,158,185)
Investment Properly		(400,000)
Total Unrestricted Reserve		293,955	213,681
50%ofannual expenditure	on Circuit Activities	216,777	209,644
Excess reserves held at balance sheet date		57,178	4,037

			Unrestricted	Restricted	Total	Total
		Note	Funds	Funds	2022	2021
						g
Incoming Resources
Donations and legacies		2a	7,469		7,469
Income from charitable	activities	2b	307,680	13,930	321,610	271,614
Investment income		2c	1,153	3,335	4,488	3,454
Other income		2d	625,433	757,651	1,383,084	646,821
Total incoming resources			941,735	774,916	1,716,651	921,889
Resources expended
Expenditure on charitable activities		3a	383,274	50,280	433,554	419,288
Investment asset costs		3b		23,624	23,624
Other expenditure		3c	433	183,301	183,734	169,725
Total resources expended			383,707	257,205	640,912	589,013
Net incoming resources			558,028	517,711	1,075,739	332,876
Transfers between funds		17	372,635	(372,635)
Net incoming resources			930,663	145,076	1,075,739	332,876
Other recognised gains and losses
Gain/(loss) on investments				(3,104)	(3,104)	20,966
Revaluation offixed assets
Net movement in funds			930,663	141,972	1,072,635	353,842
Balance b/f at 1 September	2020		1,447,366	1,029,119	2,476,485	2,122,643
Balance at 31August 2021			2,378,029	1,171,091	3&9,120	2,476,485

	Note
Fned assets
Tangible fixed assets	4	1,628,074		1,158,185
Investment property	5	400,000
Investments	6	402,691		601,042
Total fixed assets			2,430,765		1,759,227
Current assets
Debtors		16,035		14,731
Investments held for resale		805,000		340,000
Cash atbank and in hand		412,676		363,477
Total cunent assets		1,233,711		718,20S
LiabiTities
Qeditors:	9
amounts falling due within one year		~135356		950
			1,118,355		717~8
			3549,120		2,476,485
Funds ofthe charity	16/18
Uruestricted funds			2,302,029		1,371,866
Designated funds			76,000		75,500
Restricted funds			1,171,091		1,029,119
					2,476,485

					Total	Prior Year
					Funds	Funds
					I	g
Cash flows from operating activities:
Net cash provided by (used in) operating		acdvities			(19,343)	(136,480)
Cash flows from investing activities:
Dividends, interest and rents from investments					4,488	3,454
Purchase ofproperty and equipment					(246,898)	(3,540)
Proceeds from the sale ofproperty					115,705	259,814
Proceeds from the sale ofinvestments
Additions/dispossls in the year					195,247	(155,874)
					68,542	103,854
Cash flows from financing activities:
Change in cash and cash equivalents reporting period	in	the			49,199	(32,626)
Cash and cash equivalents at the beginning of			the	reporting	363,477	396,103
period
Cash and cash equivalents at the end	ofthe		reporting period		412,676	363,477
Reconciliation ofnet income/(expenditure)				to net cash inflow
from operating activities:
Net income/(expenditure) for the reporting			period
(as per the Statement ofFinancial Activities)					1,072,635	353,842
Adjustments for:
Depreciation					2,009	1,325
Gains/losses on investments					3,104	(20,966)
Dividends, interest and rents from investments					(4,488)	(3,454)
Loss/profit on the sale offixed assets					(115,705)	(9,814)
(increase)/decrease in investment assets held				for sale	(465,000)	(340,000)
Value offixed assets transferred to Circuit					(625,000)	(120,000)
(increase)/decrease in debtors					(1,304)	2,572
increase/(decrease) in creditors					114,406	15
Net cash provided by(used in) operating			activities		(19,343)	(136,480)

2. Incoming Resources
					2022				2021
		Unrestricted Restricted			Total	Unrestricted	Restricted		Total
			Funds	Funds	Funds	Funds		Funds	Funds
			8					K	K
2aDonations and Legacies
Legacy			3,000		3,000
Donations			4,469		4,469
			7,469		7,469
2b Income from Charitable
Activities
Main Assessments			280,000		280,000	250,878			250,878
NW Layworker Funding				10,000	10,000
Circuit Office			1,106		1,106	782			782
Rentals			16,455		16,455	7,500			7,500
Connexional Funds			6,418		6,418	7,940			7,940
Methodist Women in Britain								1,965	1,965
North West Project			1,008		1,008
Mission Fund				3,930	3,930
Funeral Levies			1,620		1,620	1,540			1,540
Wedding Levies			300		300	175			175
Sundry Br,Other Incotne			773		773	834			834
			307,6S0	13,930	321,610	269,649		1,965	271,614
2cInvestment Income
Interest and dividends			1,153	3,335	4,488	397		3,057	3,454
Gain 1'rom sale ofinvestment		assets
			1,153	3,335	4,488	397		3,057	3,454
2d Other Income
Gain from the sale offixed	assets							149,689	149,689
Barugh Church transferred	to	circuit				120,000		-	120,000
Hoyland Church for sale								340,000	340,000
Sale of Pogmoor Chapel				152,841	152,841
Cudworth Church transferred		to circuit	400,000	-	400,000
New Hope Church for sale				250,000	250,000
Valley Darfield Church for	sale			215,000	215,000
Shafton Church transfened	to Circuit		225,000	-	225,000
CFP Levy Refund re Barugh House				139,738	139,738
Trust 20106				72	72
CJRS Grant (Furlough)			433	-	433	29,850		7,282	37,132
			625,433	757,651	1/83,084	149,850		496,971	646,821

Expenditure				YEAR ENDE	D 31AUGUS	T 2022
						2022			2021
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				f,
3a Expenditure		on Charitable		Activities
Stipends				145,553		145,553	178,637		178,637
Salaries				72,190	10,000	82,190	41,155		41,155
Travel				10,167		10,167	5,867		5,867
Menses Expenses:
Council Tax				7,600		7,600	10,780		10,780
Water Rates				2,162		2,162	2,673		2,673
Maintenance				20,451		20,451	7,095		7,095
Insurance				4,719		4,719	4,590		4,590
Mission fund:
Grants					7,996	7,996		43,596	43,596
Other					2,128	2,128
Mana ement and		Administration:
Telephone				3,147		3,147	4,315		4,315
Postage, printing	and stationery			2,174		2,174	2772		2,772
Website				607		607	562		562
Circuit Office Rent				3,000		3,000	3,000		3,000
Books and Courses				4,539		4,539	1,162		1,162
Professional and	Legal			1,175	1,713	2,888	3,502	848	4,350
Sheffield and District Assessment				69,420		69,420	69,420		69,420
Circuit Office							1,103		1,103
Connexional Funds				6,428		6,428	7,594		7,594
North West Project				2,537		2,537
Methodist Women		in Britain							2,000
Quinquennial Costs				4,298		4,298	5,394		5,394
Rental Property	Costs			11,197		11,197	1,829		1,829
Sundries				405		405	511		511
District Levy					28,443	28,443		16,358	16,358
Depreciation				2,009		2,009	1,325		1,325
Bank charges				70		70
Churches Accounts k payroll				2,726		2,726	2,250		2,250
Audit dt Accountancy				6,700		6,700	950		950
				383,274	50,280	433454	356,486	62,802	419,288
3b Investment	Asset Costs
Hoyland property		running	costs		23,624	23,624
					23,624	23,624
3c Other Expenditure
Contribution to Pensions Fund					38,909	38,909
CJRS Grant to Churches				433		433	29,850	-	29,850
Connexional Levy		on Sale ofAssets			144,392	144,392		139,875	139,875
				433	1$3&301	183,734	29,850	139,875	169,725

		2022	2021
		0
Mission Fund Grants:
The Exodus Project		3,000	6,000
Great Houghton Mission Grant		500
Oasis Cafd Mission Grant		500
Kexborough Luncheon	Club Grant	500
Barnsley Churches Drop-In Project		1,000	1,000
Street Pastors		1,000	1,000
Emmsnuel Ignite Schools Project			30,000
NE Streaming Services		558	4,927
Learning Grant		738
One-off Events/Small	Grants	200	669
		7,996	43,596
Em lo ee emoluments
Wages and salaries		73,968	37,468
Employer NI contributions		3,897	1,524
Pension cost		4,325	2,163
		82,190	41,155

	Freehold	Property
	Land gt Buildings	Improvements	Total
	g	g
Original Cost
As Ca 01 September 2021	1,140,000	22,423	1,162,423
Additions in the year	461,638	10,260	471,898
Disposals
As Ca 31 August 2022	1,601,638	32,683	1,634,321
Depreciation
As Ca 01September 2021		4,238	4,238
Depreciation charge		2,009	2,009
As Ce 31August 2022		6,247	6,247
Net Book Value
As Ce 01September 2021	1,140,000	18,185	1,158,185
As Ce 31 August 2022	1,601,638	26,436	1,628,074

Investment	Property
		Freehold
		Land &Buildings
Original	Cost
As Ce 01 September 2021
Additions	in the year	400,000
Disposals AsI31 August 2022		400,000
The property was valued by APCorbett, BScHons Dip Surv MRICS ACIArb, ofSnuths Chartered
Surveyors,	May 2022.

6.	Other Investments
				2022	2021
	Market value at I September			601,042	424,202
	Additions in the year			295,986	402,747
	Expenditure/Disposals		in the year	(491,233)	(246,873)
	Increase/(Decrease)	in	the year	(3,104)	20,966
	Market value at 31 August			402,691	601,042
	Gain on investments			(3,104)	20,966
7.	Debtors
				2022	2021
				I	I
	Debtors
	Prepayments			16,035	14,731
				16,035	14,731
8.	Investment Assets	held for resale
				2022	2021
	Hoyland Church - closed		2021	340,000	340,000
	Valley Darfield Church - closed 2022			215,000
	New Hope Church - closed 2022			250,000
				805,000	340,000

		2022	2021
			s
Creditors	/k Accruals	113,956	950
Deferred	income	1,400
		115,356	950

Name		Position		Stipend or	Employers'	Pension	Total
				Salary	NICs	Contributions	Cost
2021/22
Reverend Michael	Neal	Superintendent	Minister	28,679	2,825	6,971	38,475
Reverend Csmeron	Stirk	Minister		26,087	2,453	6,971	35,511
Reverend Ben Srivens		Minister		26,087	2,453	6,971	35,511
Reverend Claire Rawlinson		Minister		26,087	2,453	6,971	35,511
Jayne Wragg		Circuit Adminisuator		14,276	764	1,637	16,677
Heanor Peet		Circuit Lay Worker		12,979	578		13,557
Linda Stammers		Circuit Lay Worker		11,357	345	681	12,383
Daphne Irwin		Circuit Lay Worker		9,302	368	558	10,228
Peter White		Circuit Lay Worker		11,859	1,089	597	13,545
Carol Cotton		NE Lay Worker		14,196	752	852	15,800
				180,909	14,080	32,209	227,198
2020/21
Reverend Michael	Neal	Superintendent	Minister	28,273	2,686	6,873	37,832
Reverend Cameron	Stirk	Minister		25,718	2,333	6,873	34,924
Reverend Ben Srivens		Minister		25,718	2,333	6,873	34,924
Reverend Marian Olsen		Minister		23,566	2,138	6,293	31,997
Reverend Claire Rswlinson		Minister		25,718	2,333	6,873	34,924
Jayne Wragg		Circuit Administrator		13,854	696	1,611	16,161
Eleanor Peet		Circuit Lay Worker		12,594	522	-	13,116
Linda Stammers		Circuit Lay Worker		11,020	305	552	11,877
				166,461	13,346	35,948	215,755

Trustee claimed any expenses in co med in relation to duties performed sters and Lay Workers (2021:6).	nnection with their dutie for the charity by eight	s as aTrustee Ministers, Su
	2022	2021
	0	0
Travel	11,023	5,867
Office and administration	212	1,021
Telephone	872	2,030
Other expenses	405	265
Total	12,512	9,183

costs ofsi	milar pr	operties	owned	and let by	the Circuit. The to	tal costofthe
					2022	2021
Stipend of	Reverend	Michael	Neal		28,679	28,273
Employer's	National	Insurance	contributions		2,825	2,686
Employer's	pension contributions				6,971	6,873
					38,475	37,832
Notional estimate ofcost ofproviding				manse	13,500	12,750
Chair's expenses					3,085	2,227
Total cost					55,060	52,809

		Balance b/f	Incoming	Resources		Balance c/f
		01/09	Resources	Expended	Transfers	31/08
2022
South Hiendley		105,131	615	(1,270)	(102,279)	2,197
Model Trust Fund		495,911	295,371	(108,034)	(282,754)	400,494
Property held for resale		340,000	465,000	(130,880)		674,120
Methodist Women in Britain		137				137
Mission Fund		87,940	3,930	(10,125)	12,398	94,143
NW Layworker	Fund		10,000	(10,000)
		1,029,119	774,916	(260,309)	(372,635)	1,171,091
2021
South Kendley		89,431	17,301	(179)	(1,422)	105,131
Model Trust Fund		335,222	156,411	(156,902)	161,180	495,911
Property held for resale			340,000			340,000
Methodist Women in Britain		172	1,965	(2,000)		137
Mission Fund		90,584	7,282	(43,596)	33,670	87,940
		515,409	522,959	(202,677)	193,428	1,029,119

					2022	2021
gnttdtifjendlaL
	Transfer Transfer	to CFB(General Circuit Purposes) to HSBC (General Circuit Purposes)			(102,043) ~236	(10) ~1.412
					(102879)	(1,422)
	Transfer	to CFB(Mission Fund)			(12,398)	(8,370)
	Transfer	to CFB(General Circuit Purposes)			(20,000)	(20,450)
	Transfer	to CFB(Assessmcnt support		for churches)	(8,400)	(60,000)
	Net Bookvalue ofproperty sold during			the year		250,000
	Transfer	to HSBS (Barugb House building project)			(22,353)
	Capital Expenditure (Bsrugb House		building project)		~219,6tl3
					12523541	161,180
hh	9
	Transfer	from MTF			12,398	8,369
	Transfer	I'rom Unrestricted Funds				25 301
					12 98	33690
Total Transfers to/(from) Restricted			Funds		(372,635)	193,428
18.Designated		Funds
					2022	2021
					f,	K
Quinquennial and electrical inspections					12,500	12,500
Manse redecoration					8,500	8,000
Removal		and relocadon			5,000	5,000
Planned		ministerial appointment	2023		50,000	50,000
					76,000	75,500

			2022
			K
Balance brought	forward
Offerings/Gifts	received during	the year	6,485
Offerings/Gifts	paid over during	the year	(6,485)
Balance carried	forward

.Analysis	ofAssets	between Fun	ds
			Investment	Tangible	Other
		Investments	Property	Fixed Assets	Assets	Total
		K
31/08/2022
Unresuicted	Funds		400,000	1,628,074	273,955	2,302,029
Designated	Funds				76,000	76,000
Restricted Funds		402,691			768,400	1,171,091
		402,691	400,000	1,628,074	1,118,355	3,549,120
31/08/2021
Unresuicted	Funds			1,158,185	213,681	1,371,866
Designated	Funds				75,500	75,500
Restricted Funds		601,042			428,077	1,029,119
		601,042		1,158,185	717,258	2,476,485