2021-08-31-accounts - Bradford North Methodist Circuit

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Charity Information ..
Report ofthe Trustees.	..
Independent Examiner's		Report..
Statement ofRnancial	Activities.
Salance Sheet..
Notes to the Rnanclal	Statements		..10

				General	Clrcuk Nodal	Restricted	endowment	2021	2020
			Note	Fund (Unnsstrlcted)	Trust Fund (Un~)	Funds	Funds	Total	Total
				5	E	E	5	E	E
Income from:
Dorlatlorls ond legacies
Donations				1,100				1,100	850
Assessment or Share				265,288				265,288	298,893
Charitable nativities
Transfer from circuit church				5,400				5,400	89,280
Grants									20,131
Other trad tng activities
Lettlngs									10,200
Investment Income				232	990	53	I	1,276	3,575
Other income				2,644				2,644	2,855
Total income				274,664	990	53	1	275,708	425,784
axpendkure on;
Charitable Acthrkies
Stlpends and staff costs			2	141,741	21,800			163,541	175,358
District Assessment				52,260				52r260	54,440
Admln, Insurance, professional telephone and travel				49,674	7,751			57,456	64,883
Udgties				13,569				13,569	15,394
Maintenance on menses				12,372			1	12,373	4,630
Expenditure on other Circuit properly				2,872		1,100		3,972	4,732
Depredation				1,555				1,555	1,498
Other expenditure				2,924				2,924	1,830
Grants and donations				5,400				5,400	34,708
Total expenditure				282,367	29,551	1,131	1	313,050	357,473
Net (expend Itum)/Income other rmm nised aine		before		(7,703)	(28,561)	(1,078)		(37,342)	68,311
Realised and unreagmd Investments	gains	on			2,531			2,531	(247)
Transfers between funda				(77,484)	77,484
Net movement In funds				(85,187)	51,454	(1,078)		(34,811)	68,064
Funds brought forward				1,615,009	172,944	16,083	100	1,804,136	1,736,072
Funds carried forward				Ir529r522	224r398	15r005	100	1,769,325	1,804,136

Balance She	et as	at 31	August 202	1
			General Fund	circuit Model	Restifcted	Endowment	Tetal	Total
			(Unrestricted)	Trust Fund	Funds	Funds	Funds	Funds
				(Unrestricted)			2021	2020
		Note
						5		f
Fixed assets:
Tangible assets		6	1,226,071			-	1,226,071	1,226,996
Usted Investments		7		16,321			16,321	13,790
Long Term Loan		8	10,000				10,000	10,000
			1,236,071	16,321		-	1,252,392	1,250,786
Current assets:
Debtors			13,204				13,204	15,533
Church held for sale								89,280
Cash deposits			135,066	224,277	15,005	100	374,448	379,404
Cash at bank and hand	In		166,966				166,966	133,383
			315,236	224,277	15,005	100	554,618	617,600
Credltorsi Amounts
falling		10	(21,485)	(11,200)			(32,685)	(49,650)
due within one year
Net curl'ent assetn			293,751	213r077	15r005	100	521„933	567 950
Creditors: Amounts
falling dua after more than		10		(5,000)			(5,000)	(14,600)
one year
Total net assets			1,529,822	224,398	15,005	100	1,769,325	1,804,136
Funds ofthe Circuit
General Fund		11/12	1,529,822			-	1,529,822	1,615,009
Orcuit Model Trust	Fund	11/12		224,398			224,398	172,944
Total Unrestricted	Funds			224,398			lr754r220	1r787r953
Restricted Funds		11/12			15r005		15,005	16,083
Endowment Funds		11/12				100	100	100
Total Funds		11/12	1529r822	224r398	1S OOS	100	1,769,325	1,804,136

Ministers and lay staff co	sts during the	year were	as follows:
	Clergy 2021 6	lay staff 2021 6	Total 2021 6	Clergy 2020	Ley staff 2020 f	Total 2020 6
Wages and salaries	92g481	35I198	127g679	77,536	63,440	140,976
Social security costs	8,510	1,210	9,720	7,106	3,479	10,585
Pension costs	24 030	2 112	26 142	20 056	3 741	23 797
	125 021	38520	163541	104698	70 660	175358

This Is stated	alter chargin	g:
							2021	2020
							E
Independent	examiner's	remuneratIon:
Independent	examination	fee	(including	non-recoverable		VAT)	1,560	1,548
De reclean							1 555	1498
5, Grant	Expenditure
			Commitments		Commitments		paid In	Commitments
Organlsstlon			unpaid ssat 1 September 2020		mode In 2020/2021		2020/2021	unpaid as at 31August 2021
Bradford South City Centre-
StArnold (payable over		3		6,000			3,000	3,000
years)
Touchstone						5,400	5,400
Chaplalncy Grant (payable over 3years)				3,200				3,200
Christians Against Poverty
Debt Agency oval 3 ears	Grant (payable			15,000			5,000	10,000
				24,200		5,400	15,000	16,200

6. Tangible Fixed Ass	ets
		property
		(Menses and
		internal		Office
		contents)		eeulpment	Total
			E		E
Valuation:
As at 1September 2020		1,225,000		15,129	1,240,129
Addition ofassets				630	630
At 31August 2021		1225 000		15759	1240 759
Depreciation:
As at 1September 2020				13I133	13,133
Charge for year				1,555	1,5SS
At 31August 2021				14688	14688
Met book value:
At 31August 2021		1225 000		1071	1226 071
At 31August 2020		1225 000		1996	1226 996
The historical cost oftangible		fixed assets was Ei,014,014(2020	-	E1,013,384).
7. Snvestmants
Market value at 31August		2020			13,790
Realised and unrealised	aine				2 531
Market Value at 31Au	ust	2021			16321

The	historical cost ofinvest	ments	held at market value was E7,91	8(2020 - E7,918).
8.	Long Term Loan			2021	2020
				E	E
Loan	to Yorkshire West Methodist		Circuit	10000	10000
9.	Debtors: Amounts	Fusing	Due Within One Year
				2021	2020
					E
Pre	ments and other debtors			13204	15533

10. Credit	ors: A	mounts Falling D	ue Within	One Year
					2021	2020
							E
Assessments in	advance				19,545	38,105
Grants payable	(Note	5)			11,200	9,600
Creditors and accruals					1940	1	945
					32685	49	650
Creditors: Amounts		Faaing Due Over	Ona Year
					2021	2020
					E		E
Grants a able	Note	5			5000	14	600
11.Movement	in Funds
		Balance					Balance
Current year		1BePtamber 2020	Income	Expenditure	Transfers	Gains	31	August 2021
				E	6	E		E
Unrestricted funds:
General Funds		1,615,009	274,664	(282,367)	(77,484)		1,529,822
CIrcuit Model Trust Fund		172944	990	29 551	77484	2 531		224 398
Total unrestricted funds		lg787~953	275~654	31lg918)		2,531	1,754,220
Restricted funds:
Mabel Goldsborough Bequest		9,366	31	(1,118)				8,279
Trust 17586Various Bequests		6,717	22	(13)				6I726
Total restricted funds		16083	~3	ll ~13	.			15 0
Permanent Endowment:
Edwin Robinson	uest	100						100
Total funds		1,804,136	275,708	(313,050)		2,531	1,769,325

11.Movement in Fun	ds (continued)
	Balance							Balance
Prior year	1september 2019	Income Expenditure		Transfers		Loss		31August 2020
			E		F.		E
Unrestricted funds:
General Funds	1,476,564	403,550	(275,105)		10,000			1,615,009
Circuit Model Trust Fund	242 337	2 063	61209		10000	247		172944
Total unrestricted funds	1,718,901	405,613	(336,314)			247)		1,787,953
Restricted funds:
Mabel Goldsborough Bequest	10,398	89	(1,121)					9,366
Trust 17586Various Bequests	6,673	57	(13)					6,717
Northcllffe Evangelist		20,024	(20,024)
Total restricted fUnds	17071	20 170	21158					~16083
Permanent Endowment:
Edwin Robinson Bequest	100	1	(1)					100
Total funds	1r736rg!2	425g784 (3$7r473)				(247)		1,804,136
12. Analysis of Net	Assets by Fund
Current Year		Unrestricted	Restricted		Endowment
		funds	funds			funds	Total funds
		E				E		f.
Tangible fixed assets		1,226,071						1,226,071
Listed Investments		16,322						16,322
Long term loan Net cunent assets		10,000 506,827	15,005			100		10,000 521,932
Creditors over 1 ear		5 000						5000
		1754 220	15	005		100		I 769325
Prior Year		Unrestricted	Restricted		Endowment
		funds	funds			funds	Total funds
		E		E		E		6
Tangible fixed assets Listed Investments		1,226,996 13,790						1,226,996 13,790
Long term loan Net current assets Creditors over 1 ear		10,000 551,767 14600	16,083			10,000 100 567,950 .~14600L
		1787 953	16	083		100		1804 136

fsalaries for the work th or acting as Trustees:	ey undertake In the capaefties indicated,	ey undertake In the capaefties indicated,	They do not rec	eive payme
Name	Position		2021	2020
			E	E
Clair Schofield Nicola Cameron Laura Tunnaclilfe	Administrator Finance Oificer Children's Mlnlst	Enabler	9,868 10,091 15238	9,608 9,826 14835

14. Pension Sche	mes	mes	mes	mes
The charity makes	payments					to	the		Methodist			Ministers' Pension		Scheme		(MMPS)	which ls a
defined benefit scheme.			The			Circuit			accounts			for contributions	paid to the scheme					as If the
scheme were a defined				contribution						scheme		and amounts are		recognised In			the	income
statement. The Circuit		Is	not		a	particlpadng					employer in the scheme			and	the	liability	sits	with the
Methodist Church,	The	circuit			contributes						26.9%	(2020: 26.9S6) of ministers'				stlpends which are
paid the Methodist	Church.
The cost of the pension			scheme				to the			circuit for the year ended			31 August			2021 was		E24,031
(2020: E20,066). At the			31		August			2021			E1,881 was prepaid In		respect of the scheme (2020:
E2,003).
Three of the Lay Employees are members scheme. The cost of the pension scheme											ofThe Pensions Trust, which Is a defined contribution to the drcult for the year ended 31 August 2021 was
E2,112(2020:E3,741).
15. Trustees
The following Trustees have				held office					since 1September 2020:
3ohn Anderson												3enny Ambler(appointed			01/09/20)
Stuart Ayrton												Heather Ayrton
Linda Balrstow (appointed				01/09/20)								Vlkl Atkins (appointed			01/09/20)
Martin Bashforth												Allan Barker
Tim Billingsley												Janet Bell
Anthony Butterfleld (appointed						01/09/20)						Rev Nick Blundell
Nlcola Cameron												Geoffrey Briggs
Rev Christine Crebtree												Roger Butterfleld
lan Dobson												June Carter
Shelia Dunn												Jennifer Conroy
John Fisher												3ohn Denton
Ashley France												Rev Philip Drake
Alun GrlfBths												Meredith Evans (appointed				01/09/20)
Nlgel Halnsworth												Rev Lyn Gregg
Rev Derek Hoe												Cllve Grlmshaw
David Hogg												Janet Harper
Dee Kesler (appointed		01/09/20)										3udlth Heme
Margaret Mallinson												Diana Hogg
Bob Mamh												Helen Hoyle
Jean Monls												Peter 3ackson
Jeremy Parker												Laurence Mann
Trevor Roberts												Colleen Middleton
3oyce Rosslngton												Roger Morris
Laura Tunnacllfte												Gary Plcken (appointed			01/09/20)
3ohn Walmough												Rev Geolf Reid
Carol Whltrlck												Norman Roper
Clair Schofield

		General	Circuit 14Odel	Restricted	Endowment	2020
		Fund	Trust Fund	Funds	Funds	Tatal
		(UnrastHcted)	(Unrestricted)
		E	E	E	E
Income from:
Donations snd legacies
Donations		850				850
Assessment or Share		298,893				298,893
Charitable actlvNes
Transfer from drcult church		89,280				89,280
Grants		107		20,024		20,131
Other trading activities
Letting s		10,200				10,200
Investment Income		1,365	2,063		1	3,575
Other income		2,855				2,855
total Income		403,550	2 063	20r170	1	425,784
Rxpendlturs on:
Charitable Activities
Stlpsnds snd stair casts		133,534	21,800	20,024		175,358
Dlstnct AsssssfIlent		54,440				54,440
Admln, Insurance, professional telephone snd travel		54,748	10,101	34		64,883
Utritles		15,394				15,394
Maintenance on menses		4,629			1	4,630
Expenditure on other Circuit property		3,632		1,100		4,732
Depredation		1,498				1,498
Other expenditure		1,830				1,830
Loss on sale oftangible	Axed assets
Grants snd donations		5,400	29,308			34,708
Total expenditure		275,105	61,209	21,158	1	357,473
net (expendltum) before other nlsed sins		12S,445	(59,146)	(988)		68,311
Realised snd unresgsed investments	gains on		(247)			(247)
Gains on revaluation ofaxed steels
Trsnsfem between funds		10,00D	(10,000)
net movement in funds		138,445	(69,393)	(908)		68,064
Funds brought forward		1,476,564	242,337	17,071	100	1,736,072
Funds carded forward		lg615g009	272g944	Idg083	100	1,804,136