|||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|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)| ## ## ## ## ##