2023-08-31-accounts - Mid Derbyshire Methodist Circuit

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		Page
Report ofthe Trustees	1	to	11
Report ofthe independent Auditors	12	to	14
Statement of Financial Activities		15
Balance Sheet		16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements	19	to	28

	FOR THE YEAR ENDE	D 31AUGUST 20	23
	Trustee name	Office (ifany)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if an
	Rev Ann Miller Anderson	Superintendent		Ex officio
		Minister
	Deacon Michaela Jayne	Circuit Minister	01/09/22 to	Ex officio
	Doherty		15/11/23
3	Rev Helen Ruth Penfold	Circuit Minister		Ex officio
4	Rev Stephen Pratt	Circuit Minister		Ex officio
	Rev Janet Rossall	Circuit Minister	01/09/22 to	Ex officio
			22/01/23
	Rev Timothy Paul	Circuit Minister	from 01/09/23	Ex officio
	Simms
7	Ruth Beresford	Circuit Steward		Mid Derbyshire	Circuit
8	Kathleen Brydon	Circuit Steward		Mid Derbyshire	Circuit
	Lesley Vivienne Joy	Circuit Steward		Mid Derbyshire	Circuit
	Palfreyman
10	Paul Albert Selby	Circuit Steward	from 01/09/23	Mid Derbyshire	Circuit
11	David Shirtcliffe	Circuit Steward		Mid Derbyshire	Circuit
12	Eddie Sweet	Circuit Steward		Mid Derbyshire	Circuit
13	Judith Anne Milner	Lay Employee		Mid Derbyshire	Circuit
14	Roanna Joy Pilsbury	Lay Employee		Mid Derbyshire	Circuit
15	Gillian Dorothy Stamp	Lay Employee		Mid Derbyshire	Circuit

	Namesofan	other	eo le wh	o served aschar	it trustees inth	efinancial carin	uestion
	Rev Kevin Price		Minister	in Local		Mid Derbyshire	Circuit
			Ecumenical Partnership
	Rev Adrian Smith		Supernumerary			Mid Derbyshire	Circuit
			Minister
	Rev Juan Thompson		Supernumerary		01/09/22 to	Mid Derbyshire	Circuit
			Minister		30/11/23
	Rev Anthony Wells		Supernumerary			Mid Derbyshire	Circuit
			Minister
20	Margaret Garratt		Rep to	Circuit Meeting		Ambergate Church Council
21	Paul Garratt		Rep to	Circuit Meeting		Ambergate Church Council
22	Jane Gentry		Rep to	Circuit Meeting		Belper Church	Council
23	Christine Nelson		Rep to	Circuit Meeting		Belper Church	Council
24	Jennifer Scotchbrook		Rep to	Circuit Meeting		Belper Church	Council
25	Dorothy Annette	Taylor	Rep to	Circuit Meeting		Codnor Church	Council
26	Kathleen Mary Hassall		Rep to	Circuit Meeting		Codnor Church	Council
27	Helen Rogers		Rep to	Circuit Meeting		Cromford Church Council

28	Timothy Nigel Everard Rogers	Timothy Nigel Everard Rogers	Rep to Circuit Meeting		Cromford Church Council
29	Gill Clifton		Rep to Circuit Meeting		Darley Dale Church Council
30	Monica Render		Rep to Circuit Meeting		Darley Dale Church Council
31	Jeanette Anne Welch		Rep to Circuit Meeting		Darley Dale Church Council
32	Andrew Bales		Rep to Circuit Meeting		Denby Bottles Church Council
33	Beverley Margaret Evans		Rep to Circuit Meeting		Heage Church Council
34	Lynne Terry		Rep to Circuit Meeting		Heage Church Council
35	Sheila Wheatley		Rep to Circuit Meeting		Holbrook Moor Church Council
36	Helen Elizabeth Whitham		Rep to Circuit Meeting		Holbrook Moor Church Council
37	John Daglish		Rep to Circuit Meeting	01/09/22 to 19/09/23	Holloway Church Council
38	Marjorie Ann Thoday		Rep to Circuit Meeting		Holloway Church Council
39	Barbara Moore		Rep to Circuit Meeting		Horsley Woodhouse Church Council
40	Phyllis Shaw		Rep to Circuit Meeting		Horsley Woodhouse Church Council
41	Brenda Jean Clarke		Rep to Circuit Meeting		llkeston Church Council
42	Michael Edward	Parker	Rep to Circuit Meeting		llkeston Church Council
43	Tony Stevens		Rep to Circuit Meeting		llkeston Church Council
44	Mark Ratcliffe		Rep to Circuit Meeting		Marehay Waingroves Church Council
45	Christine Dianne Richards		Rep to Circuit Meeting		Marehay Waingroves Church Council
46	Viv Walters		Rep to Circuit Meeting		Marehay Waingroves Church Council
47	Penny Brown		Rep to Circuit Meeting		Matlock Methodist & United Reformed Church Council
	Sandra Haycock		Rep to Circuit Meeting	01/09/22 to	Matlock Methodist 8 United
48				31/08/23	Reformed Church Council
			Circuit Steward	from 20/09/23	Mid Derbyshire Circuit
49	Mike Haynes		Rep to Circuit Meeting		Matlock Methodist & United Reformed Church Council
50	Elizabeth Littlewood		Rep to Circuit Meeting	01/09/22 to 30/11/22	Matlock Moor Church Council
51	Alan Piper		Rep to Circuit Meeting		Matlock Moor Church Council
52	Gillian Chatto		Rep to Circuit Meeting		Nether Heage Church Council
53	Karen Julie Morley		Rep to Circuit Meeting		Nether Heage Church Council
54	Karen Biggs		Rep to Circuit Meeting		Ripley Church Council
55	Elaine Grout		Rep to Circuit Meeting		Ripley Church Council
56	Scott Handbury		Rep to Circuit Meeting		Ripley Church Council

Anne Brown	Rep to Circuit Meeting	St. Andrew's Church, Mill, Church Council	Langley
Peter Charles Norman	Rep to Circuit Meeting	Tansley Church Council
Sylvia Norman	Rep to Circuit Meeting	Tansley Church Council
Irene Bourne	Rep to Circuit Meeting	United Church of All	Saints,
		Stanley Common, Church
		Council
Sheila Ivy Redfern	Rep to Circuit Meeting	Wellspring Church, Wirksworth, Trustees
Susan Margaret Watts	Rep to Circuit Meeting	Wellspring Church, Wirksworth, Trustees
Alan Hickingbotham	Rep to Circuit Meeting	West Hallam Church	Council
Andrew John Pierson	Rep to Circuit Meeting	West Hallam Church	Council
Lesley Ann Tooley	Rep to Circuit Meeting	West Hallam Church	Council
Anne Kettlewell	Circuit Safeguarding Officer	Mid Derbyshire Circuit

						2023	2022
				Circuit
				Model
			Unrestricted	Trust	Restricted	Total	Total
			funds	Fund	fund	funds	funds
							as restated
		Notes	f				f
INCOME AND ENDOWMENTS
FROM
Donations and legacies					200,867	200,867
Charitable activities		5
Assessments on	churches		270,606			270,606	285,652
Worship centres				103,308		103,308	412,883
Investment income		4	76,730	32,216		108,946	85,989
Other income		6	11,533			11,533	8,485
Total			358,869	135,524	200,867	695,260	793,009
EXPENDITURE	ON
Charitable activities
Assessments on	churches		504)416			504,416	445,001
Worship centres			1,833	17,323		19,156	91,280
Mission and outreach					75,853	75,853
Other		10	77,845	20,351		98,196	68,908
Total			584,094	37,674	75,853	697,621	6DD 189
Net gains/(losses investments	l on		~90,000)	~384)		~99.8847	85,448
NET INCOME/(EXPENDITURE) Transfers between funds		20	(315,225) 174,000	97,466 ~174,000)	125,014	(92,745)	273,268
Net movement	in funds		(141,225)	(76,534)	125,014	(92,745)	273,268
RECONCILIATION OF FUNDS
Total funds brought forward			3,409,115	976,745		4,385,860	4,112,592
TOTAL FUNDS	CARRIED
FORWARD			3,267,890	900,211	125,014	4,293,115	4,385,860

						2023	2022
				Circuit
				Model
			Unrestricted	Trust	Restricted	Total	Total
			funds	Fund	fund	funds	funds
							as restated
		Notes	8				8
FIXEDASSETS
Tangible assets		15	1,618,375		32,796	1,651,171	1,346,238
Investment	property	16	1,605,000			~1605000	1,970,000
			3,223,375		32,796	3,256,171	3,316,238
CURRENT	ASSETS
Debtors		17	44,981	3,701		48,682	47,931
Investments Cash at bank		18	33,159	59,483 ~855862	93,188	59,483 982,209	59,867 1,031,754
			78,140	919,046	93,188	1,090,374	1,139,552
CREDITORS
Amounts falling due within one
year		19	(33,625)	(18,835)	(970)	(53,430)	(69,930)
NET CURRENT ASSETS			44,515	900,211	92,218	1,036,944	1,069,622
TOTAL ASSETSLESS
CURRENT	LIABILITIES		3,267,890	900,211	125,014	4,293,115	4,385,860
NET ASSETS			3,267,890	900,211	125,014	4,293,115	4,385,860
FUNDS		20
Unrestricted	funds					4,168,101	4,365,860
Restricted	funds					125,014
TOTAL FUNDS						4,293,115	4,385,660

			2023	2022
				as restated
		Notes		6
Cash flows from operating activities Cash generated from operations		1	~9,499)	207,754
Net cash (used tn)(provided	by operating	activities	~9,499)	207,754
Cash flows from investing activities Purchase oftangible fixed assets			~40,046)
Net cash (used in)/provided	by investing	activities	~40,046)
Change in cash and cash	equivalents	in
the reporting period			(49,545)	207,754
Cash and cash equivalents	at the
beginning ofthe reporting	period		~1031754	824,000
Cash and cash equivalents	at the end	of
the reporting period			962,209	1,031,754

RECONCILIATION ACTIVITIES	OF NET	(EXPENDITURE)	/INCOME TO NET	CASH FLOW	FROM OPERATI	NG
					2023	2022
					f	as restated f
Net (expenditure)/income		for the reporting	period (as per the
Statement ofFinancial Activities)					(92,745)	273,268
Adjustments for:
Depreciation charges					10,113	4,140
Losses/(gain) on investments					90,384	(85,448)
Increase in debtors					(751)	(27,733)
(Decrease)/increase	in creditors				~16,500	43,527
Net cash (used in)/provided		by operations			~9,499)	207,754
ANALYSIS OF CHANGES		IN NET FUNDS
				At 1/9/22 f	Cash flow f	At 31/8/23 f
Net cash Cash at bank				1,031754	,~49,040	902,209
				1,031,754	~49,545)	~982209
Liquid resources
Deposits included in cash Current asset investments				59067	~304	59,483
				59,867	~304	59,483
Total				~1091621	~49,929)	1,041,692

					2023	2022
						as restated
					E	6
Donations					681
Legacies					197,586
Grants					2,600
					200,867
Grants received, included			in the above, are as	follows:
					2023	2022
						as restated
					6	8
Derbyshire	County Council				2,600
INVESTMENT		INCOME
					2023	2022
						as restated f
Rents received					73,423	78,700
Short term accounts					35,523	7,289
					108,946	85,989
INCOME	FROM CHARITABLE ACTIVITIES
					2023	2022
			Activity			as restated f
Assessments		or share	Assessments	on churches	270,606	285,652
Sale ofclosed		churches	Worship centres		103,308	404,252
Received	from	closed
churches			Worship centres			8,631
					373,914	698,535

				2023	2022
					as restated
					6
Church sales	items and	sundry		533	8,485
District reimbursement:		Deputy Chair		11,000
				11,533	8,485
CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 8) 6	note 9) 6	Totals f
Assessments	on churches		500,249	4,167	504,416
Worship centres			17,323	1,833	19,156
Mission and	outreach		75,853		75,853
			593,425	6,000	599,425
DIRECT COSTS OF CHARITABLE ACTIVITIES
				2023	2022
					as restated f
Staff costs				230,232	252,868
District assessment				102,647	181,064
Telephone 8	travel			17,007	13,597
Insurance &	utilities			22,258	11,169
Maintenance	ofmanses			107,857	23,358
Other Circuit	property costs			101,443	45,345
Other expenditure				1,868
Depreciation				10,113	4,140
				593,425	531,541
SUPPORT COSTS
					Governance
					costs
Assessments	on churches				4,167
Worship centres					1,833
					6,000

OTHER
		2023	2022
			as restated
			E
Other expenditure		20,611	15,637
Grants and	donations	58,750	19,833
Contributions	to District fund	18,835	33,438
		a8,196	68,908

		2023	2022
		f	as restated 6
Wages	and salaries	181,142	204,961
Social	security costs	15,2a8	14,128
Other	pension costs	33,792	33,779
		230,232	252,868

The average	monthly number ofemployees during the year w	as as follows:
		2023	2022
			as restated
Administration	and pastoral salaries	5	5
Stipend s		4	5
		9	10

				Circuit
				Model
			Unrestricted	Trust	Total
			funds	Fund	funds
					as restated
					E
INCOME AND ENDOWMENTS		FROM
Charitable activities
Assessments on churches			285,652		285,652
Worship centres			8,631	404,252	412,883
Investment income			78,913	7,076	85,989
Other income			8,485		8,485
Total			381 881	411,328	793,009
EXPENDITURE ON
Charitable activities
Assessments on churches			445,001		445,001
Worship centres			1,580	89,700	91,280
Other			12,247	56,661	68,908
Total			458,828	146,361	605,189
Net gainsl(losses) on	investments		91.237	~5,789)	85,448
NET INCOME Transfers between funds			14,090 11 338	259,178 ~11,3883	273,268
Net movement in funds			25.398	247,870	273,268
RECONCILIATION OF FUNDS
Total funds brought	forward
As previously reported			2,623,409	728,875	3,352,284
Prior year adjustment			760,308		760,308
As restated			3,383,717	728,875	4,112,592
TOTAL FUNDS CARRIED FORWARD			3,409,115	976,745	4,385,860

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and
	property	fittings	Totals
	5	5	5
COST
At 1 September 2022	1,339,270	20,703	1,359,973
Additions Reclassification	~275 000	40,046	40,046 275,000
At 31 August 2023	~1614270	60,749	1,675,019
DEPRECIATION
At 1 September 2022		13,735	13,735
Charge for year		10,113	10,113
At 31 August 2023		23,848	23,848
NET BOOK VALUE
At 31 August 2023	1,614,270	36,901	1,651,171
At 31 August 2022	1 339270	6,968	1,346,238

At 31 August 2022	At 31 August 2022				1 339270 6,968	1 339270 6,968	1 339270 6,968	1,346,238
Freehold land and buildings		were valued	by the trustees		in September 2015.Under transition			to FRS 102these
values were adopted as	deemed cost.
The title to the properties	is	held on behalf		ofthe Mid Derbyshire		Methodist	Circuit by the Trustees for Methodist
Church Purposes.
INVESTMENT PROPERTY
FAIR VALUE
At 1 September 2022								1,970,000
Revaluation Reclassification								(90,000) ~225,666
At 31 August 2023								1,6D5 DDD
NET BOOK VALUE
At 31 August 2023								1,605,000
At 31 August 2022								1,970,000
Fair value at 31 August 2023 is represented				by:
Valuation in 2021								1,118,455
Valuation in 2022 Valuation in 2023								851,545 ~365,666)
								1,605,000

17.	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	FALLING	FALLING	DUE WITHIN ONE YEAR
							2023	2022
								as restated
								E
	Other debtors						48,682	47,931
18.	CURRENT ASSET INVESTMENTS
							2023	2022
								as restated
							F	E
	Other						59 483	59867
19.	CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2023	2022
								as restated
							E	E
	Other creditors						53,430	69,930
20.	MOVEMENT	IN FUNDS
						Net	Transfers
						movement	between	At
					At 1/9/22	in funds	funds	31/8/23
					E	E	f	f
	Unrestricted	funds
	General fund				2,557,570	(225,225)	174,000	2,506,345
	Circuit Model Revaluation	Trust Fund			976,745 851,545	97,466 ~95,555)	(174,000)	900,211 761,545
					4,385,860	(217,759)		4,168,101
	Restricted funds
	Dwelling Place					125,014		125,014
	TOTAL FUNDS				4,385,86D	~92,745)		4,293,115
	Net movement	in funds,	included		in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources E	expended f	losses f	in funds E
	Unrestricted	funds
	General fund				358,869	(584,094)		(225,225)
	Circuit Modet	Trust Fund			135,524	(37,674)	(384)	97,466
	Revaluation						+90,000)	~90,000)
					494,393	(621,768)	(90,384)	(217,759)
	Restricted funds
	Dwelling Place				200,867	(75,853)		125,014
	TOTAL FUNDS				695,260	(697,621)	~90,384)	+92,745)