THE METHODIST CHURCH SHEFFIELD SOUTH CIRCUIT

Charity number: 1132655
Removed charity

Charity overview

Activities - how the charity spends its money

Supporting the activities of the 11 churches in the Sheffield South Circuit by providing information, guidance and support through providing ministers, training and resources. Sheffield South Circuit operates in the South of Sheffield and in North East Derbyshire.

Income and expenditure

Data for financial year ending 31 August 2013

Total income:
£601,077

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Donations and legacies £1.79k
Charitable activities £78.52k
Other trading activities £517.00k
Investments £1.75k
Other £2.02k

Total expenditure:
£439,591

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Raising funds £0
Charitable activities £94.93k
Other £4.69k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £344.66k
Charitable expenditure £94.93k
Retained for future use £161.49k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Religious Activities
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Derbyshire
  • Sheffield City

Governance

Registration history:
  • 11 November 2009: Previously excepted registration
  • 14 August 2014: Removed (Amalgamated)
  • 14 August 2014: Funds transferred to 1134151 SHEFFIELD METHODIST CIRCUIT
Organisation type:
Previously excepted
Other names:
  • SHEFFIELD SOUTH METHODIST CIRCUIT (Working name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/08/2010 31/08/2011 31/08/2012 31/08/2013
Total gross income £119.66k £134.09k £120.32k £601.08k
Total expenditure £124.96k £132.33k £143.43k £439.59k
Income from government contracts N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A £1.79k
Income - Other trading activities N/A N/A N/A £517.00k
Income - Charitable activities N/A N/A N/A £78.52k
Income - Endowments N/A N/A N/A £0
Income - Investment N/A N/A N/A £1.75k
Income - Other N/A N/A N/A £2.02k
Income - Legacies N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A £94.93k
Expenditure - Raising funds N/A N/A N/A N/A
Expenditure - Governance N/A N/A N/A £339.97k
Expenditure - Grants institution N/A N/A N/A £2.96k
Expenditure - Investment management N/A N/A N/A £0
Expenditure - Other N/A N/A N/A £4.69k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/08/2010 31/08/2011 31/08/2012 31/08/2013
Own use assets N/A N/A N/A £0
Long-term investments N/A N/A N/A £0
Other assets N/A N/A N/A £200.88k
Defined benefit pension scheme asset or liability N/A N/A N/A £0
Total liabilities N/A N/A N/A £0

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2013 27 March 2014 On Time
Accounts and TAR 31 August 2013 27 March 2014 On Time
Annual return 31 August 2012 21 March 2013 On Time
Accounts and TAR 31 August 2012 21 March 2013 On Time
Annual return 31 August 2011 01 February 2012 On Time
Accounts and TAR 31 August 2011 01 February 2012 On Time
Annual return 31 August 2010 14 February 2011 On Time
Accounts and TAR 31 August 2010 14 February 2011 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DEED OF UNION (1932) AND METHODIST CHURCH ACT (1976)

Charitable objects

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; (b) any charitable purpose for the time being of any Connexional, district, circuit, local or other organisation of the Methodist Church; (c) any charitable purpose for the time being of any society or institution subsiduary or ancillary to the Methodist Church; (d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNDEFINED. IN PRACTICE, LOCAL.