2022-08-31-accounts - North Yorkshire Coast Methodist Circuit

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NORTH YORKSHIRE COAST METHODIST CIRCUIT

Registered Charity No. 1136165

REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31[ST] AUGUST 2022

The Trustees present their report with the financial statements of the charity for the year ending 31[st] August 2022.

1 ACCOUNTING FRAMEWORK

The Charity’s annual report and accounts for the year ended 31[st] August 2022 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102.

2 AIMS AND OBJECTIVES

The Circuit has a mission statement which is summarised as:

“The North Yorkshire Coast Methodist Circuit exists to fulfil God’s vision of sharing the Good News of Jesus Christ with people of all ages, so that they will become His disciples and grow in faith. We will do this by challenging, encouraging, resourcing and enabling the people and churches of the Circuit to serve their communities and the wider world.”

In practical terms, the Circuit operates to:

provide ministerial oversight and pastoral care of the church communities in the Circuit;
pay and support a team of ordained presbyters and two lay support workers.
enable the upkeep of associated manses.

3 ACHIEVEMENTS AND PERFORMANCE

The Circuit covers a wide geographic area, nevertheless the Circuit Leadership Team strives to keep the different church communities connected.

Funds previously agreed for releasing to resource mission in local church communities were paid by way of grants and further funds remain available to be applied for.

A bequest to the Circuit from the estate of Miss Joyce Dark is now being used to fund a Youth Fund to support young people who wish to participate in events and activities which will enrich their spiritual lives and deepen their discipleship.

Monies inherited from the Mary Todd Trust of £96,465.17 after the sale of the property has now been received and combined with other Circuit Trust Funds for ease of administration.

The rental of the Coldyhill Lane Circuit manse from 17/9/21 to 8/5/22 at a market rate rental has been added into general funds and it is currently anticipated that further rental income will be received during the next financial year.

The closure of South Cliff Methodist church has resulted in the receipt of £52,125 transferred into Model Trust Fund 12241. It is intended that this property will become available for sale during the next financial year.

The closure of the Saturday breakfast Club Mission has resulted in the transfer of funds of £2,134 into Westborough church’s Lego church project which supports families and infant/junior school children.

A church in the circuit has an outstanding loan of £5,937.12 with the circuit.

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4 FINANCIAL REVIEW

4.1 Investment Policy and Performance

To comply with Methodist Standing Orders, monies for long-term investment are lodged with the Trustees for Methodist Church Purposes (TMCP). TMCP acts as custodian trustee for all real estate held by Circuits and for all large (over £20,000) bequests and for the proceeds of sale of any property formerly owned by the Circuit. These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FTSE100 index. The deposit income mirrors the deposit rates available elsewhere. Circuit trustees’ investment policy is aligned with that of the Central Finance Board (CFB) and the TMCP because these organisations take into consideration the social, environmental and ethical considerations, both negatively and positively, that make investments suitable for the Methodist Church.

There are no benchmarks for the expected returns or appreciation on investments at CFB and TMCP. It is the Circuit’s policy to manage the cash and investment resources of the Circuit so that a rate of return on investment – both by way of dividend and capital appreciation – is obtained at least as good as market rate considering the Circuit’s low appetite for risk. Investments are currently spread between the CFB Managed Equity Fund, the CFB Managed Mixed Fund and the CFB Deposit Fund.

A donation towards The Connexion Pension Fund reserve of £18,750 has been made during the year.

4.2 Reserves level and policy

Unrestricted reserves are funding a 5-year appointment until August 2025 of Mr Thomas Clayton and supporting community outreach in the Circuit. A grant of £100,000 to be paid out at £20,000 per year for 5 years continues to support mission work in the Driffield Circuit. Further reserve funds are available to support mission and outreach projects.

It is recognised that regular income is not meeting annual expenditure and that reserves are going to be further drawn upon going forward. Staffing levels are being kept under close review.

Model Trust funds were earlier designated to resource mission in the local church communities, to be made available for approved claims and to be drawn over a maximum of 5 years from the date of approval. £59,500 has been paid out during this financial year; additional payments have been approved but not yet paid and further claims are invited.

A target figure for reserves is set at £300,000 which would cover a year’s expenditure on the general fund and at 31[st] August 2022 the unrestricted reserves were £840,841.

4.3 Collaborative arrangements with connected charities

The Circuit’s prime source of funding is from voluntary contributions made by the member churches (which in turn is derived largely from the donations of the various church congregations) in order to meet the Circuit’s annual General Fund budget. The Circuit Treasurer generally meets annually with the treasurers of the member churches to review the Circuit’s finances, to present the Circuit budget and to seek commitments from the churches to making contributions towards meeting the budget. Due to Covid restrictions this has been conducted via electronic mail during this year.

The Circuit is required to pay an assessment to the Yorkshire North and East District of the Methodist Church, part of which is passed on to The Methodist Church Fund. This assessment is currently based on a formula linked to staffing numbers in the Circuits.

The Circuit pays an annual levy via the Trustees for Methodist Church Purposes to the District Advance Fund, based on the value of its balance in the Circuit Model Trust Fund at the start of the Connexional year on 1[st] September.

The Circuit holds £10,900 funds as custodian trustee.

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5 TRUSTEES’ RESPONSIBILITIES

For each financial year ending on 31[st] August the Trustees are required to prepare financial statements that give a true and fair view of the Circuit’s financial activities during the year and its financial position at the end of the year. In preparing these financial statements the Trustees must:

select suitable accounting policies and apply them consistently using the accruals method
make judgements and estimates that are reasonable and prudent
follow applicable accounting standards
prepare accounts to comply with the Charities SORP.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Circuit and enables them to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the Circuit and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

6 STRUCTURE, GOVERNANCE AND MANAGEMENT

The Circuit is an unincorporated association and is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charity Commissioners on 2[nd] June 2010.

6.1 Organisational Structure

Circuits are the coordinating charities for local groups of churches; Circuits pay the stipends of the ministers and employ lay staff to serve the churches of the Circuit; most decisions are made at or ratified by the Circuit Meeting. A district is the coordinating charity for a group of contiguous Circuits and makes its decisions at the half-yearly synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist Churches.

Overall regulatory authority rests with the Methodist Conference.
The Connexional Office, alongside the Methodist Council, implements decisions made by the Conference and is also responsible for the stationing of presbyters and deacons (collectively known as ministers) in individual Circuits within the District.
Connexional decisions are passed to the Chair of the District and the appropriate Officers of the District for regional implementation.
The Districts pass 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.
The Circuit Meeting passes regulatory control down to Church Councils for local implementation by the presbyter, the Church Stewards and other officers, and authority is then exercised by Church Councils as Managing Trustees of their charity.
The Circuit Superintendent chairs meetings of the Circuit Leadership Team (CLT) and the Circuit Meeting, which trustees are expected to attend. Policy decisions are normally taken at the Circuit Meeting. During the time of Covid restrictions the meeting granted devolved powers to the Circuit Leadership Team and has renewed this periodically.
The Methodist Connexional year runs from 1[st] September to 31[st] August.

6.2 Governance

The purposes of the Methodist Church are, and shall be deemed to have been since the date of union, the advancement of:

a the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and
b any charitable purpose 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 or 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.

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The Circuit is a group of local churches, some of which are Local Ecumenical Partnerships (LEP’s) with other denominations. Circuits combine to form Districts in Great Britain. Although there is some autonomy, all Methodist organisations in Great Britain are governed by statutes determined by the Methodist Conference and which are published in the Constitution, Practice and Discipline of the Methodist Church. Conference is the supreme body within the church; it delegates much of its authority to the Methodist Council. Both Conference and Council consist of lay and clerical members.

In setting our objectives and planning our activities the Circuit Meeting, held a minimum of twice a year, gives careful consideration to the Charity Commission’s general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing our objectives as set out above.

During the year the Circuit Leadership Team (CLT) – the Circuit Ministerial Staff and Circuit Stewards – meets regularly to keep under review the life of the Circuit and to take forward the decisions of the Circuit Meeting.

The charity trustees have considered the major risks to which the Circuit is exposed and have reviewed those risks and established systems and procedures to manage those risks. The risk management strategy comprises an annual review and a review of non-financial risks as well as the financial risks to the Circuit. Non-financial risk considerations include the health and safety of its residents and its employees, fire safety, property maintenance and a review of insurance cover. A key element of managing financial risk is the setting of a reserves policy and its regular review by the trustees.

Safeguarding

The Circuit follows the Connexional policy on safeguarding as detailed in Creating Safer Space. Each church has a safeguarding representative and there is a Safeguarding Officer in the Circuit to ensure the adoption of safe practice amongst children and vulnerable adults.

Public benefit

The trustees confirm that they have complied with the duty under the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. Specifically:

many churches make their premises available to other organisations that need somewhere to meet - uniformed organisations (scouts, cubs, beavers, guides, brownies, rainbows, Boys’ Brigade and Girls’ Brigade) are affiliated to many of our churches and meet on church premises
provision of breakfasts and luncheon clubs for the elderly and disadvantaged
other activities to the benefit of the public including outreach activities - raising money for local, national and overseas charities and activities.

These activities have been impacted to varying degrees by the Covid-19 pandemic from March 2020 and these are now slowly recovering.

7 ADMINISTRATIVE DETAILS

7.1 Name of the charity

North Yorkshire Coast Methodist Circuit

7.2 Charity registration number

1136165, registered in England and Wales

7.3 Registered address

Circuit Office, Westborough Methodist Church, Westborough, Scarborough, North Yorkshire, YO11 1TS. Telephone (01723) 355129 email: nycmcircuit@gmail.com

7.4 Superintendent Minister

Revd Graham R Morgan

7.5 Circuit Support Manager and Secretary to the Circuit Meeting

Mrs Esther Painter

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7.6 Circuit Treasurer

Mrs Anne Johnson until 31/08/2022

Mrs Carol Evans from 01/09/22

7.7 Names of Trustees

The following people served as trustees throughout all or part of the financial year or were trustees at the time of this report being approved:

Mr Colin Adamson (Circuit Steward and representing Westborough Methodist Church, Scarborough) Mrs Rita Alden (representing Snainton Methodist Church) Mrs Gillian Alders (representing Cross Hill Methodist Church, Hunmanby) Mrs Claire Alexander (representing Robin Hood’s Bay Methodist Church) Mr Ian Alexander (representing Robin Hood’s Bay Methodist Church) Mrs Barbara Beadle (representing Snainton Methodist Church) Mrs Marilyn Bellinger (representing Snainton Methodist Church) Mrs Anne Brown (Circuit Safeguarding Officer) Mrs Jean Brown (Representing Sherburn Methodist Church) Mr Peter Brown (Circuit Steward) Mrs Eileen Burn (representing Seamer Methodist Church) Mr Christopher Cade (representing Sherburn Methodist Church)

Mrs Janet Calvert (representing South Cliff Methodist Church, Scarborough) -resigned due to church closure 18/4/2022 Mrs Margaret Capps (representing Emmanuel St John LEP from 1.6.2021) resigned 31/8/2022 Mrs Kathleen Charter (representing Fylingthorpe Methodist Church) Mr Thomas Clayton (Local Preachers Secretary from 01.06/2021)

Mrs Susan Clubley (representing Emmanuel St. John’s Methodist/URC Church, Scarborough Dr Lesley Coote (representing Emmanuel St John’s Methodist/URC Church, Scarborough) from 9/3/22) Mr Colin Copeland (representing South Cliff Methodist Church) – resigned due to church closure 18/4/2022 Mrs Karen Cranston (representing Cayton Methodist Church) from 9/03/2022 Mrs Ruth Dale (Circuit MHA Chaplain) Mrs Georgette Donoghue (representing Burniston Methodist Church) Mr John Earnshaw (representing Seamer Methodist Church) Mrs Carol Evans (Circuit Steward) Mr David Evans (representing Queen Street Methodist Church, Scarborough) Professor Christopher Garforth (Circuit Steward) – resigned 31/08/2022 Mrs Hazel Green (representing Littlebeck Methodist Church) Revd Richard Hall (Presbyter) from 1/09/2022 Revd C. John Hartley (Presbyter) – resigned 31/08/2022 Mrs Patricia Henny (representing Cayton Methodist Church) Mrs Christine Herbert (representing Scalby Methodist Church) Mr John Herbert (representing Scalby Methodist Church) Rev Christine Hey (Supernumerary Minister) – resigned 31/08/2022 Mrs Helen Higgs (representing Ayton Methodist Church) Mr Keith Higgs (representing Ayton Methodist Church) Mrs Christine Imeson (representing Filey Methodist Church) Mr Bob Jackman (representing Seamer Methodist Church) Mrs Anne Johnson (Circuit Steward) resigned 31/08/2022 Mrs Rachel Jones (representing Cross Hill Methodist Church, Hunmanby) -resigned 01/05/2022 Mrs Gill Kirby (representing Wreyfield Drive Methodist Church) Mrs Anne Kirkman (Methodist Women in Britain representative) Mrs Anne Lofts (representing Wreyfield Drive Methodist Church, Scarborough) Mr Kenneth Marsden (representing Burniston Methodist Church) Miss Anne Maynard (representing Northstead Methodist Church, Scarborough) Revd Emma Morgan (Presbyter) Revd Graham Morgan (Superintendent Minister) Mr Neil Mould (representing Westborough Methodist Church, Scarborough and Circuit Steward) Mrs Jan Nicholson (representing Northstead Methodist Church)

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Mrs Esther Painter (Circuit Support Manager) Revd Dr Kevin Ridd (Presbyter) resigned 31/08/2022 Mr Thomas Robertson (representing Queen Street Methodist Church, Scarborough) Mrs Diane Robinson (Synod representative) Mr David Rowland (Connexional Funds Treasurer and representing Hawsker Methodist Church) Revd Bruce Russell (Supernumerary Minister) Mrs Gwynneth Russell (representing Cayton Methodist Church resigned October 2020) Mrs Lynne Sadler (representing Queen Street Methodist Church, Scarborough) Ms Hilary Sims (representing South Cliff Methodist Church) -resigned due to church closure 18/4/2022 Mr Ian Smith (representing Burniston Methodist Church) Mrs Elizabeth Somerville (representing Northstead Methodist Church, Scarborough) Revd Nigel Spencer (Supernumerary Minister) Revd John Staton (representing South Cliff Methodist Church from September 2021) – resigned due to church closure 18/04/2022 Mrs Susan Stonehouse (representing Briggswath & Sleights Methodist Church) resigned 31/08/2022 Revd Harold Stuteley (presbyter) from 01/09/2022 Mr Melvyn Sykes (representing Filey Methodist Church) Mrs Janet Tebb (representing Sherburn Methodist Church) Mrs Jane Thompson (representing Filey Methodist Church) Miss Irene Thynne (representing Emmanuel St. John’s Methodist/United Reformed LEP,Scarborough) resigned 31/08/2022

Miss Daphne Tindale (representing Hawsker Methodist Church) Mr Martin Usher (representing Westborough Methodist Church) Mrs Judith Ventress (representing Littlebeck Methodist Church) Mr Robert Ventress (representing Littlebeck Methodist Church) Mrs Margaret Welsh (representing Cayton Methodist Church) Mrs Janet White (representing Fylingthorpe Methodist Church) Mr Peter White (representing Fylingthorpe Methodist Church) Ms Sandra Williams (representing Wreyfield Drive Methodist Church, Scarborough) Revd Pam Ward (supernumerary minister)

7.8 Bankers

National Westminster Bank plc, 3 Westborough, Scarborough, YO11 1UH

Central Finance Board of the Methodist Church, 9 Bonhill Street, London, EC2A 4PE

7.9 Investment managers and custodian trustees

Trustees for Methodist Church Purposes, Central Buildings, Oldham Street, Manchester, M1 1JQ

7.10 Independent Examiner

Fortus North Limited, Accountants & Business Advisors

5 and 6 Manor Court, Manor Garth, Scarborough, North Yorkshire, YO11 3TU

Approvals

The Financial Statements and the Report of the Trustees were approved by the Circuit Meeting on 13[th] October 2022

Signed on behalf of the Trustees, as authorised

………………………………………………………………………

Revd G R Morgan, Superintendent Minister Date:

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NORTH YORKSHIRE COAST METHODIST CIRCUIT Registèred Charity No. 1136165 FINANCIAL STATEMENTS (accruals basis) for the year ended 31 August 2022

North Yorkshlre Coast Methodist Clrcuh Circult No. 29131 Statement of Flnancial Actlvltle$1SOFAI for the year ended 31 August 2022 Unrestrkttd Funds ModelTMst Fynds RestilrtÈd lufids Total 1021-22 G¥Mril Fund lo21 Oonations ie4ac ÉL,103 E14B.591 Ei £149.844 E9.849 Ittcofflefrorn monetstyiAYe51ment5 2d4 11.462 fa1 Incomefrom Invostment prooeTty Inrome fr¢mcharitable Ktivitses Cotsiiibutionsfvcm chVi¢$ E235.243 042.668 E136.$9) 15Y.y £iso £396.549 ¢1SQ5T8 E2.168 rot4il¢fi¢rftoblelrtumt £247.649 E159.&) £15) Eth17,8 £261746 Tolil IncTh •nd¢ndowm•nfs E247,649 £159.809 £407,6 £252.1 Grant5ènd dOnatrs ¥5Y.500 £59.5Crf) ¢71473 Saladésahd Ited(0S £184.081 E34.734 £2j$15 £223,25J Proprtv 22.LOS E22.108 E1&326 DlstrittassessmEnt and 41¢5 £74,056 E22.301 E96.4ty) [114,466 Othei outgOlfi8S É25.923 To¢•1 ¢hrftsblp•xpvthw• Èa05.315 Éits,I £423.158 £4M44(J ins1llLwI 4$7.666 £41,639 -EZZ3 .£250 .£1¥694 Netgain511105se51on pwert¥disp05als Irwiluatians .£21916 E7Q608 £0 14•t b*loietrnn51trs -£57.666 £12.723 -É221 -E45.166 iÈ¢r06 Tiansfers bttweeDfvnd5 É57.506 .E55.1 .É2,$06 Re¢k5Sifi¢ètvJn otfunds Otheryin511kn55es1 -£160 42,In -£Z.729 445.166 EB41.O)1 £S94.659 El7 £1.4M.3J$ EJ,5S1475 Le55.' Future In5Lalment5vfwant £B40.641 $52.3•Z El.J93Jl> É14M389

Clrtult 29131 North Yorkshire Coast Methodist Circuit Balance Sheet as at 31 Au8u5t 2022 0d•ITrtt Funrts IUnre5tTt•dl Rostrkted lo%•152022 Tot4111021 TJ ielix4dassèts 7)4.850 £714.850 £7J4.850 In¥e5fmtTrtpropert5 Éo £714ASO (451145 £0 El,165.99S £¥141769 Utbt(Y5and Pr*pavments S3 Ele.839 Dep051tFuffldslTMCPI £81.W3 £si.u)J É143.F Ceniral Fifianr88oa¢d DÈwvt5 É62.394 £65.657 £20.184 £L12.9¥1 £177.806 £279, É336N35 ess ESt.81S É51.M5 1.115 £US.591 01237 £227.211 E294,620 Ea401 ts52.3 £L3•3.233 £l.•a1389 £840A41 E552.382 £0 ÉL393.ZZJ Unrestricted.. ES40,84L É840.841 É8ai.th)i Mvd•47rust Funds É552.382 É594.659 Tof•llknrÈslA(tEd Funds E552.3B2 £0 £1391,tsa ÉW5,6fi0 fo £2,725 EO40,841 1382 £L393,123 £1,431

NORTH YORKSHIRE COAST METHODIST CIRCUIT Notes to the accounts for the year ending 31 August 2022 11 A¢¢ounting standard The financial statements have been prepared in accordance with At¢ounting Reporting by Ch?ritie5.' StGtemefr7tof Recommended Practce ISORP) applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in ihe UK and the Republic of Ireland IFR5 1021 (effective fro l January 20151- (Charitie5 SORP IFRS 10211. 111 Publlc benefit entity North Yorkshire Coast Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost Of transaction value unless Otherwise stated in the felevant accounting policy notelsl below. These a¢counts have been prepared on the basis of historic31 cost except that investments are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts thai show true and f4ir view of rhe Circuit's financial p051tion and activities. iv) Conient The finoncial information presented is relevant, reliable, rornparable and cornplete. Where e5tirnates are used these dre based on experience, research and judgement. The accounts are presented in Esterling, rounded to the nearest pound. VI FRS 102 SOflP2015 The accounts have been prepared in accordance with applicable charity law in England, this being the Charities Act 2011 and 5120081629 (Charities Accounting and Reporting Regulationsl and, pending the makinB of replacemenr Regulations specific to SORP 2015 in accordance wilh Reg.814lldl of Sl 20081629, the charity trustees have departed from the requirement of Reg.8151 by following SORP IFRS1021 instead of SORP 2005 to the extent necessary to give a true and fair vlew in the circumstances. vil GolnK concern Based on the rnonet2ry assets and human resources availab at 31 August 2022. the trustees believe that ihe Circuii is a going concern. vill Consolld*io The Circuit has denominational regulatory oversight in respect of the work of Churches within the Circuit but has no legal or operational control of those Churches and their governing bodie5 except in extreme circumstances. For this asOn. the financlal 5taternents of Churches within the Circuit are not con501sdated into these financial siatements. vllll Income re¢o8nition Income 15 brought Into account when there is an entitlement and the amount is reasonable me3surable once it Is more than likelythan not that the economic benefit of the income will be lorthcomlng. The Circuit acts as agent in two matters.. - the collection from Churches and payment over of their contributions to various Funds cOntrold and administered by The Methodist Church- 'Connexional Funds" the administration (application, collettK)n and disbursementl of grants requested by Churches within the Clrcuk from, but not limited ro, the District and Connexion. In all 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 transacti¢)ns are disclosed in the Notes to the Account5 as required by SORPIFRS1021. module 19.12. In ac£ordanTr with the Charitie$ 50RP IFRS1021, the time of volunteers 15 not recognised. ixl Expenditure Thts Is tOgniSed when a liability is Incurred. or a constructive obligatlon arise5, where the amount is reliablv

rneasurable and it is considered more likely than not that there will be an oufflow of economic benefit. ¥) Grants Grants made by the Circult from its own fund5 are recognised in full at the tirne of a8Teement to make a grant, where the attual cost is determinable. Where the grant to be 3ccrued is recurrent over more rharl one year. the bèlance payable in future year5 15 treated as a provision for future commitments in the balance sheet. XII VAT Since the Circuit is not VAT registered. all input VAT is charged with the expenses to which it refers. xlll Tangible Ilxed asset5 These are capitali5ed if they tan be used for more than one year, and individijally cost at least £250. The freehold residential property is shown in the account5 at estlmated net reallsable value (after deductlon of the Connexional Levy and legal and ageni's lees that would be payable on the sale value). From time to time the Circult may be required to assume re5pon5ibility for Church prernises following closure and cessation of worship. This result5 in the Circuit becominB Managing Trustees for the property. At that time the property is recognised as an è$5et at its anticipated net sale price as determined by a professional valuation and after taking Into consideration the levy to be ch3rged by the Connexlon. Any expendlture on such assets, If held for reinvestment of the proceeeds, as the trsutee5 determine, that is likety to enhance sale value is capitalised at the time the expenditure is incurred. Where the proceeds are intended to be spent on acltieS, the property is included in current a55ets at the lower of c05t or realisable value. xiillal Monetary Investments The Circuit's investments are in monetary assets classified as basic financlal instruments under FR5102 and are held by the Trustees for Methodlst Church Purposes ITMCPI as custodian trustees. The valuat10Tr5, at market valye, are those provided by TMCP. The unrealised gains/los5es arlsinÉ on investments at the end of the year ère shown in the SOFA and in Note 11 below. ¥llllbl Investment Pmpertv From time to tlme the Circuit may hold re9idtntail property Iformerty manses) which 15 surplijs to its normal 5tèffin8 requirements. When this is the case and it is anticipated that the property is unlikely to be used as a manse within a periotl of two years. the property is classified a5 Investment Property (whether let gut or not) and any lets are at market rates unless there 15 a compelling reason not to do so in fvrtherance of the Circuit's charitable objectives. xlv Rtfelvables and Payables.. Bank and Cash18asic Flnan¢lal Instruments) Debtors are st8ted at the amounts owed to the Circuit or prepaid. Creditors are recognised at settlement arnount or the amount advan¢ed to the Clrcuit. xv Methodlst Conne¥lonal Fund$ The Methodist Church Connexion raise5 assessments a8ainst Circuits and these are paid quarterfy to their Districts. The Circuit receives contributions from the Churche5 ID the Circuit. The District quarterly remits toThe Methodist Church Fund most of the sum received from Circuits. A small sum is retained by rhe District to meet Its own ¢05ts. The Circuit may act as agent for 3d hoc collections for variou5 funds controlled and adrninsitered by The Methodist Church. xvl Funds The trustees have adopted a Pol¢¥ for all unrestricted reserves which is detail in the Trustees. Report. xvil Endtswment funds Where the Circuit hold5 money that may not be spent 3nd must be retained la5 capital) to generate an incorne the money or a55ets to be retained are classified ès an Endowment Fvnd. The £apit31 will be shown in the balance sheet in a column for endowment fund5. The income may be restricted depending upon the terms of the endowment. (The Circuit doe5 riot cttrrently have any endowmÈnt lunds.I XSX Ministers. mansecosts The Circuit is required to provide accommodation for e3¢h minister in the Circuit and their families and this is

seen as a benefit to the Circuit. Ministers are normally expected to occupy the manse prowded for them, although the Circuit Currently has one part-time minister who is livin8 in their own accomodation. The Circuit bears the c05t of repairs. maintenance, building5 insurance, Council Tax and w8rer charges. These fiÉures are not Separately disclosed ès benefits-in-kind for ministers as HMRC does not seek to tax these receipt5 in the hand5 of ministers. CFB.. Central Finance B03rd of the Methodist Church manage5 a Common Dep051t Fund and a series of pooled Investment fvnds for Methodist entttSes in Great 8rrf(ain an¢Y provlijes investment advice to those entities. Churth: a group of memlJèr5 from fewer than 10 to rnore than 300 arcult: 3 group gf Methodist Churches near each other, typically between 10 and 30 rircult Meetlng: The trustees of the Circuit, most of whom are 4ppointed by their local Churches and other5 by virtue of a role they undertake for the Circuit andlor their local Churche5. CLT Iciycylt Leadershlp Team).. A group of Circuit trustees responsible for the djy-to-day administration and policy fofmulatlon of the Circuit. Generally the CLT comprises the Presbyters and Deacons Stationed within the Circuit and the Ctrtuit Stewards and Circuit Treasurer. CMTF: Clrcuit Model Trust Fund Connexion.. The Methodist Church in Great grit3in whi¢h includes the Head Offi<e at Methodist Church House, all Methodist Districts, Circuits and Churches in Great 8rStain. Connexronal Funds: The cJe518nated andlor Restricted Funds held ènd administered by the Connexion in furtherance of its charitable and mission objectives. Distrld.. a 8roup of contiguous Circuits, usually between 15 and 30. OAF.. Dlstrict Advance Fund FRS: Financial Reportin8 Standard HMRC.. His Majesty's Revenue arbd Customs MMPS: Methodist Ministers. Pension Scherne Presbyters lin¢ludin8 Superfntendentl-. Proljationer or Ordained Ministers and/or Deacons who have pastoral and administratNe responsibility for Churches within the Circult SOFA= Staternent of Financial Activities SORP.. Staternent of Recommended Practice TMCP: Trustees for Methodist Church Purposes, the le8al owner and Custodian Trustee of all Methodisi Model Trust property, including Legacies, Endowment5 and Accumulated Fund5

l Trust funds General Fund EI,103 Total 2022 EI.103 £96.466 52.125 £iso 2021 equest From M?ry Todd Trust Transfer of Fundslrom Clift Oonation5 to Saturday Breakfast funding £9,366 É96.466 E52.125 E150 £453 E9.849 £i.ioa £148,591 £15Q £149,944 The c1u now ttsmprises 19thurche5 and. knpwini the Ciriuii'5 budiet in advanceand havin{ been given an IndicatOf whateachchvrch might be expected to c(>ntDbute by u5in8 a locmula vlhich takes into account mernbership ènd lettings Income. each church olters what it feels ablè to 8ive. Contnburion5 are made Èlther monthlvoT 9uarterly In advance and are treated a5 prepayments ort a receivable ba515. Churche5 In the Cifcuitare.. Ayton MethodiStChurch Briggswèth & Sleights Methodi5tChur¢h Burniston Meihodisl Chvrch ca0 Methodistchurch Emmènuel St. john5 Meihodi5tlURC Local E¢umenKal Partnershipl5carbtsrou8hl Flley MethoOiStChurch fylin8lhorpe Me1hcét Church Haw5ker Meihodistchufch Litdebeck MethpdI5t Church NorthstEad Methodist thurch Ikarboroushl Queen street MEthodiSt Church IkarborOu8hl Robin Hood's 93y Methodist Church 5calby Methodist Church 5eamei Method15tChurch Sherburn Methodist Church SnaintON Methodist Church South Clilt MÈthpd151 Chuich l$caOI0uI (Closed dvfin8the year) We51borough Methodist Church ISc3rboroughl Wreyfield Drive MethodistChurch1Sc3rborvughl MddelTrust funds General Fund E9.150 £1,909 £11,059 Rents rÈceived Iir0551 SharE of IncomÈ from MaTyTodd Trust 2021 £9.150 £1.9 £ll,059 E2.168 £0 EO Rents receNed relaie5to the tlIng of ont Manse r415t funds Reie45ing Resource5 lor MiSSi4 Pert5ion resefvE fund Queen Str¢ei- Updatinrt¢f AVIA5 to Full 0i8itsl System 2021 £18.750 £11.3S9 £213 £544 £0 £0 HDpe for Xmas M4azines& Hèppylaods Stw Booklets Driffield Laywyrker Filey. New NcticÈb¢>ard Cayton- New NorKeard ènd Km45 Cards Srarborou¥h Unilorm ft@tyc Ph45e 2 Finèl Saturday Breakfast Funds Iorlegochurth Wr*yfield Drive 8Feakfast Club caon- secDnd handorgan Covid fjrantsfor Or¥anised Groups Scalby. Sound System Robin Hood5 8ay- ImprovingAccess Ayton- Noriceboèrd QuÈ@n Street- Kitchen Emtensithl ttlebeck- S8wer?8e Systèm Filey- Digital rtymnal Sy51em EO £0 £20.Lo £0 £0 £0 £20,OWI £4,231 El.273 £186 £2,484 £0 E450 £450 £0 Eo £9.761 El.243 E2.655 £1,732 £13.I83 £fj.L E2.149 E18.QtXI £73,473 10 £0 £0 £0 EO £0 £0 TOTAL £59.5th)

Stppen45 WEre paid to4 fulptime Pre5beT5 and I part time. rus funds £25,978 £2.441 El.559 General Fund £115.333 £ID.088 E27,786 £824 2021 Stipends &AllowaDces ÉJ51.894 £12.494 É28.852 E929 £3.447 É6.305 E2,60 É206.421 £12.529 É29.345 £824 E3.683 E120 £3.803 £9,169 El.646 É10.815 EQ E2.990 E2,990 4166.883 £34,734 01.617 * For HMRCpurp05e5The Methodist Church Is a connècted d¥. This mèans ihat all methodi5temployinÉ bodiè5 are subject to the Apprentice5hlp Leyy and The Methodist Church15 entidediorecewejust one èlltswance of £lS.CW. Pension Fund conrTibutions App¥entlC25hip Lttv. Tèl*phonelBroadband Travel Total Fund 2021 £15.257 £694 salary £15,357 E919 £921 £1?,197 PÈnsion Fund contribuiiyn5 £881 £14932 £2L8.815 223,253 No empbyee5 received Èmplovee benellts tsl more than £SO.Cth. A115141Faie paid at orabove the Liwil8Wa8e Molt Ordained presbyters?nd deacons are members of the Methodi5r prtinisters, Pension scheme IMMPSI Ihi5 15 a defined b2nefiischerne. Syprerne Court held In 2D14 that MÈthodisi rnin15ters Iwhiih ierm Includes presbyter5 and de4cons1 are not Èrnplo¥ees of tht Church. For slmplitity. hpwever. when dealing with Natlonal Insurancèconrnbutions and pen51on contrlbution5. the tefms'Èmplo¥er' and'employèe, are used asthey would be In an employins body On the oiher hand. layernploye@5are contractuallyemployeed ènd have theoption ol Joining a defined bEnelir pe0510n schÈmearranged by theCircuiL subject tD meeting the oualifyin8condkioTrs of thè 5therne. The Connexion accounts for both pension scheme5 and Shows the figures In the annual Method15t Church ih GrÈat Brit3lnaCCOunt5. The MMPS Is in defiiit but a plan lor rernov?l ol the deficit is implemented Ctsnnexion, with the Circuit conEinvin8 IQ paythe stipehd. The Circuitdoes not atrrue tor hOlaY pay coveras the remlining staff coveTthe holldaYs¥5 needed and Whourextra pay. Apart from the Pre5bytefS. Cirtuil Support Manager3nd communvLayWorer. no rneMr ol ihe Circult Meètingor CLT was in receiprof ny paymeni forwork undertakenon behall olthe Circuit. although ortain travel and adrninistration cost5 were reimbursed. OneTruStÈe. who is the Cirtuir Meetin8 Secrètary. 15 In recLYPt ol a and penslon toniributlons in SPeCtO1 her role and ha5 incurred trave1 Cosis and home wDrkin8 expenses duriA8 the year. The travèl cos15 01 PiesbytÈrswhoaitend eneia Fund 2021 Mèh5e mainienaTh¢e £10.050 E7.476 £3.S53 É882 £5.111 E7.757 £?.381 £1,077 Éo £16.326 Watpr Energyat manses whi15t unotCupiÈd £44 £UiOS

ModelTru5t funds General Fund 2021 £14,372 £64.588 £35.508 E114468 £11,156 E62.940 £11,156 L61.940 £2Z.304 £96AOO Methottisi Church Fund COnneXnal cn Model Twst Fund opening baFarKe £22,304 £22,304 É74.¢86 ModelTrust fvrtds Desnated General Fund Total 2021 £407 £407 Éo É6 £7.200 £234 £3,488 É4,090 £0 325 £199 £8,347 £1,439 £25,922 Independent Examination feo Outsourcèd finance support Learnin¥ and developmÈnt Stationery. wintin& PD51a8eand otherofFice expenses Other Rnial property lettyng lees Bank Char8es satrdaY Breakfast. expÈnses pernumerary preacher5 TMCPAdmin chèrgÈs £7.2 É472 É1.718 £3.596 £1.710 É378 £7,2tr) £471 El.718 £3,596 £1.710 £J78 £373 £373 É8.950 8.950 El.632 £27.03? £1.632 ÉL,631 US.032 £J7a ModelTrust funds 2021 £55.352 £15.256 £70.608 -£21.194 TM¢P Mana8ed Equity Fund units- revaluation Igainl 428.916 Carryinev31ue b}f £159.700 É180.175 É180,175 E194,8 £714,850 RevaluÈd INRVI £IS9.7 É180.175 £180.175 É194.800 £714.850 2021 8#co4ch Road. Y022 SEQ 1SSColdyhill Lane, Y012 6SD 59 lady Edith's Avenue. Y012 5RA 15r. john's AveNue. Y014 9AZ £0 £0 Éo £0 Éo £0 £0 EQ £0 co Eo 120% on the Iirst £IW.(U and 40% Dll theexcessl and e51imaied selling lee5. The revaluation li8Ute5 were fast wwed in 2018 basÈd on E51ate ent'S adyice andth•re have been no malorchanges io Market Sin¢e The Lran51er between lund5 rtDresenLS a tFanslei Ilom TMCP to co¥ei IheproiÈftÈd deficit forthe year as well a5the clDsure of the Sattstd•Y BrEakfast Fund. 2022 E71450 2021 £714850 Net Realisable Valu2 of manses. 45 shown In Note 12b Ile55 woperties sdd durinB Ihe yearl Manised Miied Fund M?na8ed Equity Fund Total 2021 Ctsing Valuatn Units Trust 864 Trust 12241 Trust 21704 1170 30605 4189S 5.251 5.251 É5.251 £6.144 £160.707 £219.991 t3ÈD.698 f 6,144 £225.010 E219.991 É4S1.145 £0 E135.025 1293.894 £44919 2347 E27.398 É64.303 £64.303

Model Trusi i)esi8nated lunds General FUTh Total 2021 £656 £50 £12,666 £0 £818 £0 E682 £692 f50 É50 5tlpends & 4$5QCiated costs paid Ill ad¥ancÈ nsurance £9.242 £2.928 £0 9,241 £2.92 £0 Subscriptions Loan to Churth E5.937 £18.789 £5.9a7 £1$19 £50 El4,J90 Mod•l Trust fund5 E62 Noip BSJ 2021 Trust 864 £23.201 £3.786 £23.452 frv5r 17299 fru5r 21704 E120.154 Trust 22048 £41.576 £81.IX13 £143,606 Model Trust fvnd5 Desi8nated lund5 General Fun Total 2021 £40,615 £60D £0 ContlibutiOn5frfjtn churche5 received in advantè IndÈpendent Examination lee Travel expgn5e5 Outsouiced finance Support £39.47D É39.470 £600 É245 £0 £245 £SiKTr £6 £io.s £51,815 £10.9 $1.815 £0 £0 £41315

T¥r+¥lble Flxod Asstts Other InCldIn¢tllr ¥éhKlrS Piymtnts on Kcoufflt •nd asts In¥estrThirrt propertl•s Flxtures. 4nd equlprn•Tht {NRVI Mans•s•tt Total l¥rKe brwht lorwird £714.85 E7L4,850 Éo Éo £0 Éo £0 EO 8•la0Car&dtOrward £714,850 £0 ED £0 £714.150 A<curnul•ted depr•cknll 5LorP6 SLorRB SLorRB SLorRB A•t• Balance biou8hi IDrwar# EO £0 £0 £0 £0 8alance£arned fOard £0 £0 EO £0 EO £0 Neibook value Brouihtforward £714.850 10 E714.850 Carned forward £714.850 £0 £714.$50 M4rketvalu• at voarend lth0jtmentasss'. IAvestmeth ptoportios EO Finn(kl•ssets £451,145 *wly51sof InvestmeTrtSli5ted on 4 recoÉnised sik Exchènte tsr held in ¢omnTh invt51rnent ljnds. ended investment [Panies. unit trusisorothercollective Investmenis£herneJ £451.14S Cash he as partol the Investment portfolio Other Investments Toial É451.14S ChanDinInEMentVèIUls Carrying Imètketlvalue at be8int)In8•f Year £428.919 Add=addilion&toiThvestmEllt5 at cost £71.142 L•ss.' diSP05als atrryin8 vèlue -£20.( Ad&lldedixii.' neT gain1110551 on rÈvèluation .E?8.916 £451.145

DECLARATIONS Treasurer I conlirrn that I have prepared the accounts from the records ol the CiroJil and that they include all funds under the control ol the Circuit Signatur8 of Treasurer Da18 Name Carol Evans Addrass PsentatIOn to the Circult Megllng lor approval. I confirm Ihat the A¢wunts were presented 10 the Circuit Meeting on arKJ were approveo Signature ol the Chair ol thè tne81ing Name ol the Cttalr of the meeting Rtvd Graharn Morgan Dal8

Independent Examiner's Report to Ihe Trustees ol the North Yorkshlre Coast Methodlst Circuil This Report is on the Circuit Accounts lor the year ended 31" August 2022 Responsibilities and basis of report As the charity's Iruslees you are responsible for the preparation of the accounts in accordance wrth the requirements ol the Charities Act 2011 I'ihe Acl'l- I report in respect ol my examination ol the charity's accounts carried out under section 145 01 the Act and in carrying oul my exarninaiion I have followed all the applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Independent Examlner's Statement Since the charity's gross income exceeded £250.000 your examiner musl be a member ol a body listed in section 145 01 the A¢1. I confirm that l am qualified lo undertake the examination because l am a member of the Association ol Chartered Certified Ac¢ounlanls, which is one ol the listed bodies. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in repsect ol the charity as required by section 130 of the Act- or the accounts do not accord with those records. I have no Concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be Name Signalure Relevant Professional qualification or tx)dy ACCA Addres5 5 L la c(iknLT GAIYH ru Dale 131DI

NORTH YORKSHIRE COAST METHODIST CIRCUIT Registèred Charity No. 1136165 FINANCIAL STATEMENTS (accruals basis) for the year ended 31 August 2022