2021-08-31-accounts - Airedale Methodist Circuit

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Charity Information .
Trustees' Annual Report .
Independent Examiner's	Report.
Statement of Financial	Activities	..		10
Balance Sheet
Notes to the Financial Statements			..	12

			Unrestricted	Unrestricted	Funds	Funds
				Circuit						Total
		Note	General Fund	Model Trust Fund		Designated Funds	Restricted Funds	Endowment Funds	Total funds 2021	funds 2020
			E			E	E	f	E
Income from:
Donations
Assessment or Share			225,206						225,206	267,165
Charitable activities
Grants							5,000		5,000	5,000
Bing icy Foodba nk							17,062		17,062
Other income			2,202			430			2,632	1,021
Other trading activities
Letting s			23,740						23,740	14,544
Investment income			439		260				1,810	4,402
Total income			251,587		260	430	23,173		275,450	292,132
Expenditure on:
Charitable activities:
Stipends and salaries			152,529			24,624	5,000		182,153	220,178
District Assessments			59,420						59,420	59,880
Administration and travel			9,175		145				9,320	11,595
Insurance and utilities			14,571						14,571	15,141
Circuit property expenditure			12,006			29,392			41,398	15,563
Other expenditure			18,073						18,073	10,338
Grants payable			100			713			813	3,118
Contributions to District Advance Fund				1,683					1,683	2,717
Bingley Foodbank							1,496		1,496
Independent examination			3,004						3,004	2,960
Total expenditure			268,878	1,828		54,729	6,496		331,931	341,490
Net income /(expenditure) before other recognised		4	(17,291)	(1,568)		(54,299)	16,677		(56,481)	(49,358)
gains
Realised and unrealised on investments	gains							6,432	6,432	792
Transfers between funds			48 079	30005		16963	1 111
Net movement in funds			30,788	(31,573)		(71,262)	15,566	6,432	(50,049)	(48,566)
Funds brought forward		11	1,534,710	72,465		220,292		36,310	1,863,777	1,912,343
Funds carried forward			1 565 498	40	892	149030	15566	42 742	1813728	1 863 777

					Circuit				Total	Total
			Note	General Fund	Model Trust Fund	Designated Funds	Restricted Funds	Endowment Funds	funds 2021	funds 2020
Fixed assets:
Tangible assets			5	1,393,072				—1,393,072 1,393,072
Investments								42,742	42,742	36,310
				1,393,072				42,742 1,435,814 1,429,382
Current assets:
Debtors			7	32,181					32,181	40,268
Bank: Central Finance Board
and Trustees for	Methodist			154,989	40,892	149,030			344,911	414,198
Church Purposes	deposits
Bank				30,755			15,566		46,321	31,372
Total Current Assets				217,925	40,892	149,030	15,566		423,413	485,838
Creditors: Due year	within one		8	(45499)					(45,499)	(51,443)
Net current assets				172,426	40,892	149,030	15,566		377,914	434,395
Total net assets				1,565,498	40,892	149,030	15,566	42,742 1,813,728 1,863,777
Funds ofthe circuit:
Genera I Fund				1,565,498				- 1,565,498 1,534,710
Circuit Model Trust		Fund			40,892				40,892	72,465
Designated Funds						149,030			149030	220 292
Tota I Unrestricted		Funds		1,565,498	40,892	149,030		—1,755,420 1,827,467
Restricted Funds							15,566		15,566
Endowment Funds								42,742	42,742	36,310
Total circuit funds			11	1 565 498	40 892	149030	15 566	42 742 1813728 1863 777

4. Net Expenditure for the	4. Net Expenditure for the	4. Net Expenditure for the	4. Net Expenditure for the	Y	ear
This is stated after charging:								2021	2020
									F
	Independent	Examiners	fee					830	790
	Accountanc	services	rovided	b	the Inde	endent	Examiner	1 760	1 677
5.	Tangible Fixed Assets
							Freehold	land and
								buildings
							(Manses and
							internal	contents)	Total
									E
Cost:
At	1Se tember	2020 and	31 Au	ust 2021				1393072	1 393072
Depreciation:
At	1 Se tember	2020 and	31 Au	ust 2021
Net book value		at 31 Au	ust 2020 and 31 Au			ust 2021		1 393 072	1 393072

Market Realised	value and	at 31August 2020 unrealised ains in the	ear	36,310 6 432
Market	Value	at 31 Au ust 2021		42 742

The h	istorical cost	istorical cost	of invest	ments held at market value	is f25,574 (2020 - f25,574).
7.	Debtors
					2021	2020
					E	E
Due	within one year:
Debtors					8,565	7,343
Pre	a ments	and	accrued	income	12 533	14925
					21 099	22 268
Due	in more	than one year:
Loan	to Oakworth		Church		11083	18000
					11083	18000
Total	debtors				32 181	40 268

or the Year . Creditors	Ended 31August 202	1
		2021	2020
		f
Income received	in advance	36,226	44,450
Accruals		9,067	6,563
Other creditors		206	430
		45 499	51443

. In	co	me received in advance
			2021	2020
Balance	at	1September	44,450	54,659
Released	in	the year to the statement	(44,450)	(54,659)
Deferred	in	the year	36 226	44 450
			36 226	44 450

10. Grants Payable	10. Grants Payable
During the year the Charity		awarded		grants to the following:	2021	2020
					Totalf	Totalf
Grants made to institutions:
Marsh MC					315	675
Ilkley Road MC						843
Lees MC						750
Culling worth MC					315	600
Dunnington						250
Silsden MC					83
Beamsle Pro'ect					100
					813	3 118
Reconciliation of	grants	payable			2021f	2020 f.
Commitment at 1September Grants committed in the year (as above)					430 813	485 3,118
Grants aid in the	ear				1 037	3 173
Commitment at 31Au ust			Note	8	206	430

				Income L
For the year ended 31August 2021			Balance 1September 2020	Realised/ Unrealised Gains	Expenditure	Transfers		Balance 31August 2021
			E	f				E
Endowment funds:
Hebden Wri ht Chari			36 310	6 432				42 742
Restricted funds:
District Grants				5,000	(5,000)
Bingicy Foodbank				17,062	(1,496)			15,566
Hebden Wright Charity				1,111			(1,111)
Total Restricted funds				23 173	6496		1 111	15566
Unrestricted funds:
General Funds			1,534,710	251,587	(268,878)		48,079	1,565,498
Circuit Model Trust	Fund		72 465	260	1828		30 005	40 892
Total			1607 175	251 847	270 706		18074	1 606 390
Designated funds:
Manses Funds			65,374		(23,952)			41,422
Graveyards Funds			7,312		(1,760)		(5,552)
CAF Grants Funds			8,708		(713)			7,995
Victoria Park Funds			86,618					86,618
Reserve Account			3,902		(3,680)		(222)
Benevolence Fund			5,620					5,620
Dunnington Bequest		Fund	13,083	430	(6,138)			7,375
Pastoral Worker Fund			2,361		(2,361)
Children' s, Youth and Worker Fund		Families	27,314		(16,125)		(11,189)
Total desi nated funds			220 292	430	54 729		16963	149030
Total unrestricted	funds		1,827,467	252,277	(325,435)		1,111	1,755,420
Total funds			1863 777	281 882	331931			1813728

			Income L	Expenditure
For the year ended 31August 2020		Balance 1September 2019 f	Realised/ Unrealised Gains f	L Realised/ Unrealised (Losses) Transfers f f			Balance 31August 2020 f
Endowment funds:
Hebden Wri ht Charit		35518	792				36 310
Restricted funds:
District Grants			5,000	(5,000)
Hebden Wright Charity			1,089	(1,089)
Total Restricted funds			6 089	6 089
Unrestricted funds:
General Funds		1,548,997	284,981	(266,269)	(32,999)		1,534,710
Circuit Model Trust	Fund	76 338	1 062	2,934	2	001	72 465
Total		1 625 335	286 043	269 203	35 000		1 607 175
Designated funds:
Manses Funds		70,952		(5,578)			65,374
Graveyards Funds		8,272		(3,460)	2,500		7,312
CAF Grants Funds		10,576		(2,868)		1,000	8,708
Victoria Park Funds		86,618					86,618
Reserve Account		4,146		(2,744)	2,500		3,902
Benevolence Fund		5,340		(720)		1,000	5,620
Dunnington Bequest Fund		13,333		(250)			13,083
Pastoral Worker Fund		26,852		(24,491)			2,361
Children' s, Youth and Families Worker Fund		25,401		(26,087)	28,000		27,314
Total desi nated funds		251490		66 198	35 000		220 292
Total unrestricted	funds	1,876,825	286,043	(335,401)			1,827,467
Total funds		1 912343	292 924	341490			1 863 777

2. Analysis of Ne	t Assets by Fun	d
For the year ended 31August 2021	Unrestricted funds f	Designated funds f	Restricted funds f	Endowment funds f	Total funds f
Tangible fixed assets	1,393,072				1,393,072
Investments				42,742	42,742
Net current assets	213318	149030	15 566		377 914
	1,606,390	149,030	15,566	42,742	1,813,728

f salaries for the work or acting as trustees:	they undertake in t	he capacities indicated.	They do not recei	ve payment
			2021	2020
Name	Position		Salary	Salary
			f.
Glenda Coogan	Pastoral Worker		22,224	21,639
jo Dolman	Youth, Children	and Families worker	13,799	21,639
Susanne Platt	Church Worker		9,763	8,745
Rev Susan Greenhart	Supernumerary	Minister		4,382
Peter Bedford	Supernumerary	Minister	1,118	3,266

. Comparative Sta	tement	of Financial Activities for the Ye	of Financial Activities for the Ye	of Financial Activities for the Ye	ar Ended	31August 2	020
		Unrestricted Funds
			Circuit				Total
		General FundTrust	Model Fund	Designated Funds	Restricted Funds	Endowment Funds	funds 2020
			E	E	E	f
Income from:
Donations
Assessment or Share		267,165					267,165
Charitable activities
Grants					5,000		5,000
Other income		1,021					1,021
Other trading activities
Lettings		14,544					14,544
Investment income		2,251	1,062		1,089		4,402
Total income		284,981	1,062		6,089		292,132
Expenditure on:
Charitable activities:
Stipends and salaries		164,600		50,578	5,000		220,178
District Assessment		59,880					59,880
Administration and travel		11,378	217				11,595
Insurance and utilities		15,141					15,141
Circuit property expenditure		1,722		12,752	1,089		15,563
Other expenditure		10,338					10,338
Grants payable		250		2,868			3,118
Contributions to District Advance Fund			2,717				2,717
Independent examination		2,960					2,960
Total expenditure		266,269	2,934	66,198	6,089		341,490
Net income /(expenditure)
before other recognised		18,712	(1,872)	(66,198)			(49,358)
gains
Realised and unrealised	gains
on investments						792	792
Transfers between funds		32 999	2 001	35 000
Net movement in funds		(14,287)	(3,873)	(31,198)		792	(48,566)
Funds brought forward		1,548,997	76,338	251,490		35,518	1,912,343
Funds carried forward		1 534 710	72 465	220 292		36310	1 863 777