2020-08-31-accounts

EAST ANGLIA DISTRICT OF THE METHODIST CHURCH

Financial Statements for the year ended 31st August 2020

CONTENTS

Title Page and Name ofthe Charity	1
Contents	2
Legal and Administrative Details of Charity	3
The Report ofthe Trustees	4-8
Statement ofTrustees’ Responsibilities	9
Auditors’ Report to the Trustees	10-13
Statement of Financial Activities	14
Balance sheet	15
Notestotheaccounts	16-18

2

LEGAL AND ADMINISTRATIVE DETAILS

Trustees

The Trustees are appointed by the Representative Session of the East Anglia District Synod. The following Trustees have served during the period covered by this report:

District Chair

Revd. Julian M. Pursehouse

Deputy District Chair

Revd. Andrew King

Revd. Peter Goodhall Secretary of Synod Mrs Susan Eldridge Assistant Secretary of Synod Mrs Marilyn Whatsham District Group Co-ordinators Mrs. Lorna Burroughes

Mr. Richard Dean

Revd. Catherine Dixon Mr. Phil Howie Revd. Sharon Thraves Revd. Andrew King

Representative to the Methodist Council

Revd. Alison Walker

District Treasurer

Mr. Shaun Cushion

District Property Secretary Mr. Roger Pauley District Development Enabler Dr. Yasmin Finch

Trust Address

Chapel Field Road Methodist Church Chapel Field Road, Norwich, NR2 1SD

Auditors

Moore Green

Chartered Accountants & Registered Auditors 22 Friars Street, Sudbury, CO10 2AA

Bankers

Barclays Bank plc

1 Princes Street, Ipswich, IP1 1PB

3

REPORT OF THE TRUSTEES

The Trustees have pleasure in presenting their report for the year ended 31st August 2020. The financial statement have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

The Trust was registered on 7th May 2009 in accordance with the Charities Act 2011. Particulars of the charity's Trustees and professional advisers are given on page 3.

Structure, Governance and Management

The charity is operated under the regulations of the Methodist Church as stated in The Constitutional Practice and Discipline of the Methodist Church with advice from Officers of the Methodist Church. At all times the charity will implement the decisions and policy directions of the Annual Methodist Conference.

Aims, Objectives and Activities

The objectives of the East Anglia District are those as set out for the Methodist Church of Great Britain in the Deed of Union 1932 and the 1976 Methodist Church Act.

The charitable objects are the purposes of the Methodist Church and these are 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 organization of the Methodist Church;

• (c) any charitable purpose for the time being of any society or institution subsidiary 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.

The District Synod has also agreed a policy for the District (adopted in April 2014), which states that: The East Anglia District aims to enable, encourage and enthuse the people of God. We seek to do this by creating and sustaining hospitable Christian communities in which people can:

• e come to faith e grow in faith e own their faith

• e share their faith

• e celebrate faith

4

REPORT OF THE TRUSTEES (continued)

These objectives will be developed over the next ten years through:

1. Inspirational leadership in churches, Circuits and the District that will lead to: e sharing the love of Christ in word and action so that more people seek to be disciples of Jesus Christ

2. e increased attendance at worship e increased commitment e increased engagement with Synod and other District events

3. The imaginative use of resources and buildings that prioritises innovation with the expectation that there will be an increase in:

4. e church mission and outreach projects

5. e the enrichment of the life of the wider community

6. e new disciples

7. e building schemes e ecumenical, community and world partnerships e the development of churches as communities in which God is experienced

8. The development of District programmes that nurture discipleship, learning, mission and an understanding of our heritage. For example, Journey into Faith, Gateways to God?, material for use by small groups, etc. This will also include engagement with the Discipleship & Ministries Learning Network.

9. The District Officers and District Staff Team providing good and relevant services so that: e District contacts are known e District roles are understood e churches and Circuits are able to access the support and resources they need

10. Effective networking and communicating across the District such that: e people know where to turn for answers and support e there is consistent, complete and relevant information on the website e electronic communication is the primary source of networking

11. Shared knowledge and experience such that we:

12. e build and share an effective knowledge base e enable people to access the knowledge base and feed into it e highlight and share good practice e exercise better care of our natural resources e publicise the knowledge base through the District website, grapevine and word of mouth e support the District web administrator

13. Shared responsibility in meeting the requirements of the Methodist Church and statutory authorities such that all requirements are communicated, understood and met.

14. All of the above is intended to develop confidence in God that, in turn, leads to:

15. the transformation of people and communities through the presence of the Holy Spirit

16. imaginative risk-taking, with a commitment to learn from failure

17. prayer support for new ventures

5

REPORT OF THE TRUSTEES (continued)

Achievements and Performance

The East Anglia District has sought to advance its aims and objectives during the year under review by continuing its life of worship and mission within communities in Norfolk, Suffolk and Cambridgeshire and by providing support to local churches and Circuits. Particular highlights include:

• e developing closer links with partner churches in Latvia and Vellore, South India.

• e ensuring that the theme of ‘Becoming a Community of Witness’ continues to shape the way we understand church life and mission across the East Anglia District.

• e continuing to support the Circuits so that resources can be more effectively shared, local churches are assisted and greater economies of scale realised. This has resulted in a more innovative and mixed approach to the nature of Circuit staffing.

• e providing resources to Circuits and local churches by enabling the deployment of appropriate ordained and lay staff and by making specific grants in order to support pieces of work that advance our charitable objects and District Policy.

• e Ensuring that steps were taken to alleviate the financial pressure on the Circuits in the light of the difficulties faced by the viral pandemic and lock-down.

• e ensuring that the District is sufficiently resourced for its mission by reviewing the annual budget and preparing a budget for 2020-21. This includes the recognition that rising employment costs for District Staff need to be subsidised by grants from the District Advance Fund.

• e holding a number of special events and bespoke training opportunities. This work is undertaken in collaboration with colleagues in the DMLN Regional Team with whom we enjoy a good working relationship.

• e ensuring that we continue to develop the practise of pastoral supervision across the whole District and maintain the effective roll-out of the District Implementation Plan for Supervision.

• e continuing to oversee the Ministry Among the Deaf Community by appointing Revd. Anne Richardson on a voluntary basis. The District have agreed to pay expenses, mileage and provide a structure of management and accountability.

• e providing a revised and updated Welcome Pack for incoming ministers who are new to the East Anglia District :

• e engaging in wise and strategic reflection about the deployment of ordained ministry across the District at a time of acute shortage of ordained ministry in the wider Methodist Church of Great Britain.

• e providing regular & intentional supervision for three of our employed District Staff.

• e Developing terms of reference for our District Working Groups and our Group Co-ordinators.

• e Developing a strategic forward plan for Safeguarding by the District Safeguarding Group.

• e Ensuring that District meetings, committees and Synods continue to meet virtually during a period of national lock-down.

6

REPORT OF THE TRUSTEES (continued)

• e Ensuring that effective lay management was offered to the newly appointed District Lay Employment Secretary.

• e Anew Lay Stationing Representative was appointed and has completed a very successful first year in post — Mrs Jennie Harris.

• e Building a culture of Lay Testimony to increase confidence in faith and discipleship.

• e A working group are looking at succession planning for the replacement of our District Property Secretary with a paid appointment in the future.

Financial review

During the year the District received total income of £870,515, which is made up mainly from donations, assessment income and receipts from other circuits. The expenditure for the year amounted to £465,565. Included within this was donations and grants made up of £971,454, consisting of payments made to local churches and circuits. An overall loss was made in the year amounting to £105,095 after non-financial losses on revaluations of assets and investments of £3,826.

Risk Assessment and Management

During the year under review, the Trustees have maintained oversight of the major risks to which the charity is exposed, resulting in risk management strategies being implemented.

Risks to which the organisation may be exposed are identified by the Trustees and kept under regular review.

Reserves

It is the policy of the charity to hold reserves in its unrestricted funds which have not yet been committed or designated for any particular purpose. The Trustees have set aside these reserves in order to protect the future operations of the charity from the effects of any unforeseen variations in its income as part of a policy of good financial practice. The District Reserves Policy was reviewed during the year.

Public Benefit

The Trustees have reviewed the activities of the past year in line with the Charity Commission guidance on public interest benefit. The aims and objectives of the East Anglia District are within those guidelines and are interpreted by the District as providing specific benefit to those who are members of the Methodist Church within Norfolk, Suffolk and Cambridgeshire.

Future Plans

In addition to an ongoing commitment to provide effective resources for the members, local churches and Circuits within the East Anglia District, the Trustees are committed to

• e further development of ‘Journey into Faith’, a programme for the nurturing of Christian disciples — discerning a fresh theme and the impetus for it.

7

REPORT OF THE TRUSTEES (continued)

• e developing the work of the newly appointed District Mentoring Group so that effective support can be offered to presbyters and deacons across the District.

• e continue to organize and publicise the Regional Study Days for presbyters and deacons in the active work.

• e ensuring the strategic appointment and deployment of ordained ministry throughout the District.

• e providing support for those who have oversight of safeguarding procedures for children, young people and vulnerable adults.

• e the development of partnerships with churches overseas.

• e reviewing the way that Circuit Assessment is calculated across the District and to make recommendations to the District Synod for approval.

• e preparing the District for the formal introduction of supervision for ordained staff by providing necessary training and education.

• e providing appropriate media training for presbyters and deacons across the District so that they are better able to engage with local radio / television stations .

• e ensuring that our District Website is accessible, contemporary & relevant for the 21°. Century.

Governing Body

The Trustees are the Governing Body of the Trust.

Recruitment and Training of Trustees

The Charity Trustees are appointed to the roles identified on page 3, for a designated period, by the Representative Session of the East Anglia District Synod. The District Chair and Secretary of Synod offer training to new Trustees on appointment in the form of personal induction.

Organisational Management

The management of the Trust is the responsibility of the Trustees through the executive responsibilities of the District Policy Committee. It is conducted through a Finance and Property Committee, a Grants and Personnel Committee and three other Management Committees. District employees assist in the implementation of policies. Each Committee includes Trustees among its membership, as well as co-opted experts in relevant fields and representatives of the fifteen Circuits that make up the East Anglia District.

The day to day administration of the District is the responsibility of the District Chair, the Secretary of Synod, the District Treasurer and the District Property Secretary.

Auditors A resolution proposing that Moore Green be re-appointed as auditors of the charity will be put to the Annual General Meeting.

8

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), and that they showa true and fair view of the state of the East Anglia District's affairs. In preparing these financial statements, the Trustees are required to:

• e select suitable accounting policies and then apply them consistently

• s observe the methods and principles in the Charities SORP

• e make judgements and estimates that are reasonable and prudent

• e state whether applicable accounting standards have been fojlowed, subject to any material departures disclosed and explained in the financial statements

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the East Anglia District will continue in operation

|

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom gaveming the preparation and dissemination of financial statements,

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Revd, Julian Pursehouse Trustee

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Revd. Andrew King
Trustee
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Date; =Q):9S: “20 |

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE METHODIST CHURCH EAST ANGLIA DISTRICT

Opinion

We have audited the financial statements of The Methodist Church East Anglia District (the ‘charity’) for the year ended 31 August 2020 which comprise the statement of financial activities, the balance sheet and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• e give a true and fair view of the state of the charity's affairs as at [date], and of its incoming resources and application of resources, for the year then ended;

• e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• e have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• e the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

• e the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

10

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE METHODIST CHURCH EAST ANGLIA DISTRICT (continued)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• e the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or

• e sufficient accounting records have not been kept; or

• e the financial statements are not in agreement with the accounting records; or

• e we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 9, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

11

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE METHODIST CHURCH EAST ANGLIA DISTRICT (continued)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• e Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• e Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control.

• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• e Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• e Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

12

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE METHODIST CHURCH EAST ANGLIA DISTRICT (continued)

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Moore Green Statutory Auditor 22 Friars Street Sudbury Suffolk CO10 2AA

=Vey

Moore Green is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

13

The East Anglia District of the Methodist Church

Statement of Financial Activities for the year ended 31 August 2020

||General
Fund|District
Advance|Youth and
Children's|Fund for
Mission||Travel Fund||Benevolent
Fund|Treasurers’
Bureau|Totals this | Totals
year
last year|Totals this | Totals
year
last year| |---|---|---|---|---|---|---|---|---|---| |||Fund|Work||||||| |Income|||||||||| |Donations and Legacies|45550|165998||6407||4332||222287)|211280| |Income from Charitable Activities|||||||||| |Assessment Income|574559|||||||574559]|577077| |Other receipts from Circuits|||||63335|||63335]|134888| |Income from Investments|897|3305|14|3085|320|7||7628|9813| |Other|0||||642||2064|2706|1484| |Total Income|621006|169303|14|9492|64297|4339|2064|870515]|934542| |Expenditure|||||||||| |Costs on raising funds|||||||||| |Salaries and associated costs|67291||||||1121|68412|63949| |Charitable Activities:|||||||||| |Grants and Donations|2227|228849||23598||3410||258084)|244742| |Assessments Paid|505889|||||||505889}|495706| |Other:|||||||||| |Travel|10138||||98440||120|108698]|147106| |Office Costs|9142||||||111|9253|10158| |Maintenance & expenses onmanses|5743|||||||5743|5360| |Other Expenditure|13559|751||301|236|177|351|15375|14166| |Total Expenditure|613989|229600||23899|98676|3587|1703|971454}|981187| |Disposal ofassets profit/(loss)||||||||0|204| |Gains/(losses) on fixed asset revaluation||||||||0|0| |Gains/(losses) on investment assets||||-3826||||-3826|1553| |Net Income/expenditure|6687|-60297|14|-18233|-34379|752|361|-105095||-44888| |Transfers between Funds|||||||||0| |Net Movement in Funds|6687|-60297|14|-18233|-34379|752|361|-105095||-44888| |Total funds brought forward last year|640465|375258|1881|151856|52866|8603|578|1231507]|1276395| |Totalfundscarriedforwardatyearend|647152]|314961|1895]|133623|18487|9355||1126412]|1231507|

14

Balance Sheet as at 31st August 2020

----- Start of picture text -----
Fund Advance Children’s Mission Fund Bureau year year
Fund Work
Bad i bc bel aD ld
FF * Tangible Assets poeL_ ssooo}fe pe fe pe550000} eee| 550000)
Genertal Assets
Debtors
General 17636 17636 14486
Fund fo Mission Account
Investments
investment Fund 14513 14513 16073
High Income Fund 3804! 3804 3769
Mixed Fund Trust 15981 128424) 128424 130725
Bank and Gash
TMGP District Advance Fund 314967 314961 375258
CFB Expenses Fund Account 38176 38176 41006
CFB Resources Fund Account 45409 45409 35160
CFB Accounts Various 1895 2909 16135, 20939 64899
Balances at bank
Barclays Current Account-General 2430 2430 5825
Barclays Community Account 2352) 3291 3151
HSBC Youth 0 0
Uoyds TSE Deposit Account 8002 8002 7361
Uoyds TSB Current Account 1353 1353 1042
Cash in Hand
studies 103651)ego] 314961| 1895}|stoner,149650] = 18487]|| eT 22506|ee| -17adsee
Total asets less net cer faites [ea7ise| 914061] 1095] taa623] _teae7| 9355] 930) _1va5e12| | 1231507|
a eS SS ( ee
Nelt Assets |__s7is2fsiasei[tas[1sz62a]taas7[_ass] 939] 11264i2| | 1231507)
Funds of [the][ District]
Restricted Funds.
District Advance Fund 314961 314961 375258
Fund for Missicn 133623) 133623) 151856
Benevolent Fund 9355! 9355 8603
Connexional Training 3195! 3195) 3196)
Totad Restricted Funds 3195 314961 133623 461134: 538912,
Revaluation Reserve 550000; 550000; 550000)
Unrestricted Funds.
General Fund 79103 74178)
Removal Expenses Fund 1513; 1013)
Manse Reserve -B54 -2111
EDEV Fund 14190 141390;
93957 0 87270
Treasurers’ Burcau 339) 578)
Youth apd Children's Work. 4895 1895 1881
Travel Fund 18487 18487, 52866)
Tost Unresticed Fonda |__s3e57} | 7805] | eae] ] 888] _11527a) [740505]
Tots Funds [_s7ise|__siasei| 1695] _raaezs] 16487] 5356] 939] __svest2]| _631507|
Total Funds L__ea7is2|siagei| tas] 133623[ te4e7] 355] 939] 1126472] | 1234507}
Treasurer
I confirm that I have prepared the accounts from the records of the District and thet they include all funds under the
control of the Synod, These accounts have been approved on behalf of the Trustees
Shaun Cushion (Acting District Treasurer) Datetol3 (zoz |
Chair of the District fa f ]
T confirm thatthe accoupa presented ta theSynod which L intend to chair onAuK A pel.SOral .
[ANian GahPursehouse LU Sc Morn Bethe sescsassscrstensecnsene16:02:Eicon202 |
District Chair
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The East Anglia District of the Methodist Church

1 Accounting Policies

Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Funds

With the exception of the District Advance Fund, Fund for Mission and the Benevolent Fund, which are considered to be Restricted Funds, all other funds are considered to be Unrestricted Funds for use for any purpose by the District.

Incoming Resources

These are included in the Statement of Financial Activities when the District becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Resources Expended

Expenditure is recognised whena liability is incurred or a constructive obligation arises that result in the payment being unavoidable.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the District to pay out resources.

Tangible fixed assets for use by the District

Tangible fixed assets are capitalised if they have a cost of more than £1,000 and can be used for more than one year. They are valued at cost or a reasonable value on receipt. Provision is made for depreciation of assets where appropriate. Where cost is not available, the finance and Property Committee may provide a reasonable estimate of cost or current value to the District.

Investments

Investments are valued in the balance sheet at market value at the year end, Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors

Unless otherwise stated, all debtors represent income of this period received in the subsequent period.

Creditors

Unless otherwise stated creditors represent income received in advance or normal expenditure accrued,

2 Trustees

Dr Y Finch, District Devlopment Enabler, was paid remuneration for her duties during the year which amounted to £16,713 gross, and pension contributions of £316.

1€

The East Anglia District of the Methodist Church

3 Fees for examination or audit of the accounts

				This Year	Last Year	Last Year
	Auditors’ fees ti th itors' fees for reporting on	rt: theaccounts		£1,200	£1,200
	Other fees (eg: advice, accountancy services) paid to the independent			£2,090	£2,040
	examiner or auditor
4	Staff Costs paid during the year were:
	Gross wages, salaries and benefits	in kind		£67,406
	Employer's National Insurance costs			£0
	Pension costs			£1,006
	Total staff costs			£68,412
	Average number of full-time equivalent employees in theyear were 6 (2019 - 6)
5	Capital Commitments and Contingent		Liabilities
	At the year end capital commitments on District Advance Fund amounted to:			£195,688
	Contingent liabilities amounted to:			ENil
6	Tangible Fixed Assets
				31.08.20	31.08.19
	Freehold Manse - Cost B/fwd			£550,000	£550,000
	Revaluation in year			£0		£0
	Freehold Manse - Cost C/fwd			£550,000	£550,000
	The freehold property of The Manse in Norwich was professional valued by an Independent Valuer, R J Smith FRICS						as	at 31 August	2017.
	The trustees consider this value is	still appropriate. The Valuer assessed the value of the land only at £75,000.
7	Investment Assets
				Value at	Loss on	investments
				31.08.2020	for year
	Investments held by Trustees for Methodist Church Purposes			£146,741	£3,826
8	Restricted Funds			Opening	Incoming			Resources	Transfers		Closing
				Balance	Resources			Expended			Balance
				£	£			£	gc)		£
	District Advance Fund			375,258	169,303			229,600		QO	314,961
	The purpose of the fund is to receive manies received on sale of properties and other capital sources
	and to make payments for capital projects	and missionas provided in CPD and sanctioned by Connexion
	Fund for Mission			151,856		9,492		27,725		QO	133,623
	The purpose of the fund is to facilitateMission, Training, Youth Workand all forms of Christian Evangelism
	Benevolent Fund			8,603		4,339		3,587		ie)	9,355
	The purpose of the fund is tomake benevolent payments at the discretion of the District Chair
	Connexional Training Fund			3,195			ie)	ie}		(e)	3,195
	Thepurposeofthefundistoprovideapilottaining		scheme

7

The East Anglia District of the Methodist Church

9 Unrestricted Funds

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Opening Incoming Resources Transfers Closing
Balance Resources Expended Balance
£ £ £ £ £
General Fund 74,178 114,787 102,357 -7,500 79,108
The purpose of this fund is for use at the discretion of the trustees in furtherance of the general objectives of
the charity and which have not been designated for other purposes.
Removals Fund 1,013 ie) 0 500 1,513
The purpose of this fund is for use at the discretion of the trustees in assisting with the costs of relocating
ministers and employees within the district circuit.
Manse Fund -2,111 fe) 5,743 7,000 -854
The purpose of this fund is for use at the discretion of the trustees on the fabric of the manses within the
district towards their maintenance and general upkeep.
Youth and Children's Work Fund 1,881 14 e} (e) 1,895
The purpose of this fund is to facilitate Youth Work
Travel Fund 52,866 64,297 98,676 QO 18,487
The purpose of this fund is to reimburse Presbyters and Deacons travel expenses from monies received from Circuits
Treasurer's Bureau 578 2,064 1,703 ie) 939
The purpose of this fund is to cover the expenses of the Treasurer's Bureau
EDEV Fund 14,190 ie) ie) ie) 14,190
The purpose of this fund is for radical hospitaility
10 Revaluation Reserve
Reserves b/fwd £550,000
Movement in year £0
Reserves c/fwd £550,000
The revaluation reserve relates to the Freehold of the Manse.
11 Analysis of net assets between funds
Fixed Net current
Assets Investments assets Total
Restricted Income Funds:
District Advance Fund 314,961 314,961
Fund for Mission 146,741 -13,118 133,623
Benevolent Fund 9,355 9,355
Connexional Training Fund 3,195 3,195
ie) 146,741 314,393 461,134
Unrestricted Income Funds:
Removal Expenses Fund 1,513 1,513
Manse Reserve Fund -B54 -854
EDEV Fund 14,190 14,190
General Fund 550,000 0 79,108 629,108
Designated - Youth & childrens work Fund 1,895 1,895
Travel Fund 18 487 18,487
Treasurer's Bureau Fund 939 939
550,000 ie) 115,278 665,278
550,000 146,741 429,671 1,126,412
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11 Analysis of net assets between funds

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