## **Trustees’ Report (as of 31 August 2022)** Our commitment across Tynedale is to see vibrant Christian communities which introduce people to life in the Kingdom of God and help people to live as followers of Jesus Christ. Another year has been massively impacted by the coronavirus pandemic. We have sought to continue our work faithfully within the restrictions that have been imposed. Many things have continued or resumed in hybrid form, using a mixture of remote and in-person means, including pastoral care, worship, fellowship and study. Most activities have resumed in some of our buildings. The financial giving of our members has largely been maintained throughout the pandemic and we are very grateful for that. Nevertheless our financial position has been impacted, mainly through lack of revenue from lettings, and we are using our Circuit’s reserves. This, together with the general trend we had previously, has prompted us to review our mission and ministry, including the number of ordained ministers we have in the Circuit. The Circuit has made a decision in the light of its finances and will reduce the number of ordained ministers. This will inevitably have an impact on what the Circuit does, and churches will have to be less dependent on ordained ministers and Sunday services. As we look to the future we have been considering what it means to serve God in this area and how we can do it most effectively and efficiently. We anticipate great community needs arising from the pandemic, including: - Additional mental health issues, arising from loneliness, exhaustion, stress and bereavement - • Economic challenges from inflation, unemployment and debt - Poorer public health, partly through people not accessing routine health care during the pandemic - Spiritual searching in wider society is expected to continue and increase. To help us to respond to these needs, to free ordained ministers from some of the burden of administration and management, we created the role of Enabling Services Manager. To keep the benefits of a greater online presence we appointed a Communications Co-ordinator. These posts equip and enable us to work differently and more effectively. In all this, our priorities within our churches remain: - Enhancing the quality of our worship services - Developing small groups for learning together, pastoral support and prayer - • Building confidence in sharing our faith with others. Taken together, these will ‘equip God’s people for works of ministry’ (Ephesians 4:12), multiplying the impact we can make. The ordained ministerial team contains a wealth of experience and complementary talents and works well together. The same applies to our lay people. We are heavily dependent on the work of lay people at every level and it’s safe to say that everything in the Circuit is a collaborative venture involving lay and ordained. As Superintendent I wish to thank all for faithfully playing their parts and giving of their prayers, time, money and enthusiasm, without which this wonderful work would not be possible. Rev Jenny Porterpryde Page 1 of 1 _LW/10.Trustees Report (as of August 2022)_ Circuit Accruals Accounts 2021.2022 THE METHODIST CHURCH FINANCIAL STATEMENTS (FRSSE) for the year ended 31 AucJust 2022 Tynedale Clrcuit Reulstered Charlty- R¢gl$tratlon numb8r 1129509 NEWCASTLE upon TYNE Dl8tri¢t No I Clrcull No 20108 Mlnl$lor8 Rev Paul Dunstaii Rev Alex Oun51an Rev Ggraih Sherwood De8con Anne Tg¥lor Rev Marle Beard tpart tlmeJ_..--.------- Clrcult Steward$ Millis Roblnson orojl rs Va¥8￿.-_..-.----- Ja.cqui CanRron Ruth JolinÉ¢n Circult Tregsurer David ￿l￿er Nameof tlreu TyhedalÈ CIr£￿￿t Number 20108 statèmontof FlnandalAthd•s ISOFAI lor the yparqndqd YI ￿gUSt 2022 Unrestrlcted Fund5 Total 2021 22 Total Z020.21 Intomtr and Endowmeiits from.. 242,IC 242,109 23 217,340 172 217,340 3,024 10,564 L20,000 257,926 2,386 15,173 40,000 lllveslrnents 2,852 10,564 GT4nl Donatlon and ie oc 348,076 244,961 S93,oay J15A85 ENpÈMdlture on.. Sllpend5 5Jlarles, NIC & Penslon costs 194,481 66,172 8,682 16.565 194,481 L8Q,853 io li 12 13 14 Is 26 rele 8,681 16,565 5,793 Maintenance on manses 21,172 26,711 7,592 18,163 5,173 7,792 49,000 25,102 ro ert 11,493 11,493 511,166 8S7 17 6Jf4 194,850 21,002 Olllce Equlpment B67 17,469 185 184,850 17 18 Grants and Dgnations C4ntribvll¢n51o D15tilcl Advan￿ Fund io Tot41 369.204 206,037 21,172 598,411 404,978 20 N2t Incomellexpendlturel Tr•n$f•r¥ beNteen fundi 38,924 21,1721 11,976 21 21,1281 3B.924 21,1721 13,3761 Other reco8mlsed 18ln5 1 IIOsso51', 22 Galnsl GalnsllLossesl cn Inve5tm8nt isxt$ LD55es on revalyatlon of Ilxed a￿015 23 4.428 9,094 25 Net Inovement In funds 128 34.496 121,1721 80,399 Reconelllatlon of funds.. 26 Toi#l funds brou8hl lorward Total funds cBirled forward 2,380,691 399 86B 37,539 2,818,098 2,È98.497 27 2,359,563 434A64 16,367 2,810,294 2,118.098 TynÈdale Circult Balance Sheet as at 31 August 2022 Unrestricted Fun Total 2021-22 Tgtal 202Q-21 Tanglble Fixed Assets Notes Land & Buildings Equ mei)t Investment properties Investments li 2,174,874 53,854 118,800 2,174,874 53,854 118,800 59,543 2,407,07t 2,174.874 53,854 118,800 63,971 2,411,499 li li 12 59,543 59,543 rotolJ7¥édassets 2,347,528 Current Assets Debtor5 Ind Prepayment5 Cash at Bank and in hand Trustees lor Methodlst Church Purposes deposits Central Flnance Board Deposits Bar¢lay$ Bank TotNlcurrent assets 13 28,928 28,928 16,054 374,821 374,821 27,841 208,330 639,920 337,822 60,994 28,048 442.918 27,841 191,963 248,732 IG,367 16,3G7 374,821 re or5 an under l yrl ccrua ue 16 36,697 36,697 36,319 Net current assets Illabllltlesl rotul osset5 less current Ilubllltles 212,035 374,821 16,367 603,223 406,599 2,559,563 434,364 16,367 3,010,294 2,818,098 Loans and creditors due after I year Prov151ons for IlabSlltles and charges 16 200,000 200,000 Net assets 2,359,563 434,364 16,367 2,810,294 2,818,098 Funds of thè Circuit Unrestrlcted fullds Clrcuit Modèl Trust Fund Iunrestrictedl Manse Funds Designated Totul Funds 2,359,563 2,359,563 2,380,691 434,364 434,364 16,367 2,810,294 399,868 37,539 2,818,098 16,367 16,367 17 2,359,563 434,364 3tsf11 TynÈd&lE tlrcult Notes to thÈAtcourk15 l Basis of atcountlng These accounts b¢¢ThprÈpar¢d on Ihe bB51solhlslorf(al eostexteptthat ￿￿v05t￿onI5 are shown atthe[rmark¢t￿lUe attho ond¢l thowllr,¢h the accrna15 ba515 lo$h￿atr￿*3nJ falr￿tWO1thO Dl$trlci'5 finonclil posllknnand aitivltles.TheftDandal slatethents havo been prepared tsndfjrthocharltles Act 2D111n aiiDrdaTrcÉwlththe 2Q14 verslonof A(countlnÉèndReportlTrEbYCh8Tllles'. 5tdtementol Aocommended PractlEÈ ISDRPI app11(able%ocharitks Charitle& goRPIFAsgEF In roplacemenl loy th950RVs 100Svor¥lon 5wclfledlnllsielatEd 200È fto8ulallons artd IA ll¢wrdDncewrflhtlie'trUo ondlalr ovtirlde. prokrfslon tOntAIn￿ Ihereln. 2 Funds ie lJhdsheldwDslttuie'. Gener* Funds heltlforony purpoj4ioltho CktultwhlcharB Unristrlrfgd.,The Manie Fund li deslonatpd byTTUSta4s aspirlol thtGfrnÈral ￿nd,. Tho Clrcull ModelTiust Fund has wwe purpos&sdellnel St>ndlTh8Qrdfjrs Jnd ls¢èt6EoAsod?synrestilcted. The Clrrult holdsn R¢stAcled orEndowment Funds. OetallsoleBEh rnDiqrl•l fund èit th5closed kn Lho knal note tothe&¢ Any lundsmtybv ropresent¢d bymoro 3 Publlc benefit entlty TheTru51eesofTyncdilear£ulliTrhltrm thai iliBylipverewd to the ChaillyCommWon's 8uldahc¢on puNlcbrynqllL 4 Accountln8 polltlas IntOM• Recognltlon Irtom& Is Inclu¢ed In the Statem￿1 ol Flnanclal AC￿￿11@& ISOFAI Kthen the cIr￿lI beGWS enOIK8d Io IhÈ re8ource8, and the Irvsteegare reEaonablycert81n lheY￿11 re￿1ve the rtrsowceB', thè value con be mea8ured ¥urndeni rÈliÈbillly. Ind[￿￿￿*1 amoun orlsed8$ OllierinttDni? In lh8 SOFAMdll be sho¥w separa1￿yIfffteyarè tonslder84 maloAal. No8tlBrnPtls made to meaBure valu¢ ¢1 sorvl¢e8 donai¥d ¥y volunieern. Resources Expended Tho lo recogn1a•0￿fi￿ $114¥lllly1s IrKurffd, or a conslrucllve obllgallon ¥18&6, that reEulls In Ihv puympnlbelng unavthd8ble. Uablllves •ro recowl$6d 95 s¢on 43 ?n ryJiii)wof Économtbenelll 18 0)n81d8red more 1k¢lylh￿ not undgrlhe legal or¢¢n$trucllve obllgalion commllllw I clrcull io payovl resourc Grants Qr8nis made by Ihe Clrcull Irom Il& ovffl fund5 aro recognlsed In lull aiiha Ilme ol aommeni Irwhen Iho ClfvJI atcepth thel Ihèr418g operallonal obllgJllonlo mako tho p8ym?nl. Wiiin thé ¢ranl l& rorjjrrenl (war mora Ihgn ￿8y08r1￿é balanc$ pay8￿0 In fuitjro ye4r$14 Ire•l8d 8s a provlglon fortuiure Cominiimants In Ihe ￿OI￿n¢0 Sa¥ela9olns1 the 8pprowl810 lund. Ihe prov181on ￿n9 reifj868d In future ytrtsm 8$ In81Èlm•rt¥ aFÈ P81é kn a>￿rderh￿Q￿th lh4 odghnellyaor￿ ￿lmS VAT, ElneÈ lh• Glrcull18 rot VAT reopstered, £11 Inwi VAT leeh4rgÉd vAlh m••xpen8e8 ￿ whleh11 mler Tonglblo flxed assets for use by the Clrcult These are¢8pila118ed IIIW¢811 ba Used lor more Ihèn On•￿￿. ond IndI￿￿￿oI￿¢08￿￿l le¥B1£1,000. Trio I*•h￿4 y¢perfy Is shts%*n In Ihe 018 812015 deernedv81118$ Indvding land. No d6pIec￿lIN4B provlded on Ihe bulldlng bgtAU8e tho IYu91R85 EoDslclEr Vie cUrreD1r881￿8l lalrvalvc ol Ilie rnanse bulldlng¥ lon the fj86unipiion Ihai11 had reached Ihe end 01119 u8aful cconomlc Ilfe byltr,e ye8r-endl10 ba nol leB4111gTh115 Jirfjnlvolue. Anyd8pre&èilor)￿¢U￿ nol be m8iedal. Tha prop¢rty been re￿•￿4 forknp6lrmenL Investment Propertle$ Inveslmenl properiies ara propErtles lu8uallyclosed Chap￿￿1 deeM¢d lo noi be rir Ihe long4&rm pwwe5 ¢1 Iho Charfly, Thla ha8 89r8td4n a ca59 byc4se b8818 Wlh tha Disirtcl Pollry Ccrtnmillea and Ihgv61ve 1$ shovm nal ol all rel818d $lllno1898 dnd eommlsglons IrKludlng the Conneklonal 1¢￿¢11¢Y181¢d ￿ a glldlng Scgle baged on Ihe grois $ale prlce. Investments Theclrcull's Invo8imantS ¥8 he￿ byTwgtee¥ lor Meih¢dlsi Church Purffj8e8 a& cust￿lan TnJ8t&e. Invéairneni8 are ¥￿Ut￿ lrt thè bglon 6héai al markel v8luo at yeÈr end. Inveslmeni Inctsr815 included In Ih08cewnts r8Ce￿sbIa aDy oolns orloeg88 on révaluallon il thè ￿Are￿I ar• shomffj In the sofA Debtors and Pr£piymonts D6bltsN relate lo tho paymanlof IM 8Wember311pond In Auwsl1£22,0081, anLS a yepawnenlrfQr¥nl from thé modd Iluel lund (£4,850>, and a paynieni In Sdvantèof El.170 for2022123 Creditors CrÈdiioFs InduJ8 tswdry expenges, ur8n18 the cornlng ￿¥rand spedllcBllYlhè Isl wartera&Be&smeni r8cdved In Augu61. lrnpoct of Accountlng change5 There has iiol beèn Bnyresialemenl requ5red lo prev￿8 reportèd Informe1￿ because of Ine newSORP. 6olnE ¢on¢ern 888odoD the monetsry 8Bg6L4 human resourc0$ avolla￿e ￿ 81 AtsgUGI 2022. th6 Iru51ees beleve th81 the Clthl IB a ooiw corThn. Consolidation The Clrcuil ￿Er5eeB ofrnknlslepJ 4nd CWr¢he8￿I1ttin Clicull buld0￿ ha￿C￿l￿OI 0v8flho￿ ChLrches. M￿¥18r8, tylay rt(prs ￿epI in extreffle dicums18nces, none Of Mthich applkable. Forth15 rea50n. Ihe fin8nclal si81￿￿nig ollhÈ Cmrches ￿1h1n the Circull Vol￿n8011￿9lfjd Inio Ihe8è fjnandal stElem¢n 4of11 Tynedala Clrtuit Notes to thè Accounts 5 Capltal Recelpts Net Proceeds of sale of Churches Mickl Mount Pleasant Sparty Lea Total 128451 113658 242109 6 Assessments on Churches ThÈ Clrcuil is made up ol the lollowino Churches Irorn whom conlributlons were receivèrl durtng the Acomb 5,472 9,945 5,000 12.732 2,960 21,580 10,522 57,087 Hexham West End Prudhoe 16,564 25,754 6.988 17,420 1,000 24.338 Allen V&lley Bellingham Corbridge Fourstones with W8rden Haliwhlslle Riding Mill Stocksfiald Wark Wy18m Haydon Bridge Hexham Trinity Totsl 217,340 7 Cost of superlntendent, mlnlsters, and trustees The superfniondont of the Clrcult, tliè other rninl$ters and th8 remainlng members ol tha Clr¢ull Leadèrshlp Team are consldored lo bo key management personnel. The supedntendent chalrs meetings ol the CLT and Clrcull Meetlngs. The members of th8 Clrcuit Moeting ar6 th¥ Iruslees of the GirculL Tha $lip¢nd8, employerfs NIC, and employer's pension contilbullons and other expenses ol tha mlnlsl8rs of the eirGull ar6 pald by the CSrcull. 2021-22 2020-21 ends of Mi ni5ters I ncludln No. of full time mlnlster5 Ng. of arttime mlnlsters renticeshi lev Administrator Total Em ers Nl & Pen51on 193567 176107 914 34,590 229,071 814 3,932 180 853 Payments to Trustees 11 Is generally not Circuit policy lo relmbur86 non.Ininlstarl81 m8mbgrs of th8 CLT, Clrcull Meeting and other¥ involved In th6 administr￿tIon of Clreuit aff¥lr8 for eypendlture properfy Incurred in trarrying out their duties. Apart from tha 6minist8rs, the Circult Adminlsirator and Communications co.ordinator no mernber ol the Cl￿￿1¢ Meetlng or CLT was in rèceipt of any payment forwork undertaken on behsll of the Circuit, although certain travelllng and admillistralion costs were r&lmbursed in relatlon 10 8pocific prolects. Tha Clreuit Admlnistr8lor 8nd Communication Co-ordinator Bra a trustees and received payments lolalling £34,590 in respect of work undertaken. 5of11 Tynedale Clr¢ult Notes to the Accounts 8 Manse and tsther property costs The Cir¢ult is required to provldg and maintain 8ecommadation for each Mlnlster and herlher family. This 18 A benefit to the Circuit. Ministers 8r8 g8nerally expected to occupy their Man888. The Circull b&ar8 the cost ol pairs, mainl$nan¢e, buildiw insurance, Council Tax and water char988. The Iruslees have established 8 designated tJnd lo meet the expenses ol malntaining the Circuit's 8lx Monses and th• circuit offi￿. 12021.. 61 From lime to tlme the Circull may hold residential property Iformedy M8nsesl which Is surplus lo its normal stsffing roquiremenls, Wh6r6 thi8 18 th8 C8se and It is anti¢lpated that the property Is uiilik61y to b8 11Sgd as a manse wthln a period years, the propaty 18 classified ss Inv881mgnt property Iwhelher l&1 out or noll and any16ts 8re al market rates unless there is a comp6111ng roason not lo do $0 In furtherancè of the Cir¢ull'8 charitabl8 obJ'8ctives, Al 31 August 2022, the Circuil hokl iwo resKlentl81 investment propertlos IMaltwhisU8 & Wylaml. Further the Circull m8y from tlme to Ilme hold fL*rthèr Invo8lmont propertio3 belng Church¢$ where wtsrship no longer iakas place. With the oonsent ol thè Iruslaes and thè Di8lrfct, the Circult 18 r8sponslbl$ lor preparlng th9 property for sale rnosl often 88 a commarclal Irallsacllon. The Iruslee6 will re¢elvo th8 proce8ds of the sale on¢e concluded and after the applic8llon of tho Connexlonal Property Lavy. Al 31 August 2022, the Circull hold three Investment propertles Sn West Wylam earr85ford and Corbrldge 12021.. 21. 2021.22 2020-21 Manse runnln costs Insurances cost5 16,565 Re alrs and Malntenance 2021-22 2020-21 Manse Im Elvaston rovements & M orRe alrs 1,097 ham Prudhoe Westfield Paid out of Manse Fuhd 17,730 21,172 9 Expenditure on other Clrcult Property 2021-22 202Cp21 Investment C05t of dis Maintenan Insurances Le ro ertles osal 1,083 4,871 4,678 1,250 11.493 8of11 Tynedale Notes to the Accounts 10 Other Outgoing5 2021.2.1 2020-21 Office Ex Salariesand NE ensès 34,590 15,554 Rent Incidentals Total Other Outgolngs TMCP admin char Conference minutes & pra ermanuals Bank and account3n charges Local and vlsitin reachers Removal ex Quln uennials waters 576 18,163 es 1145 742 903 840 936 ense5 7,405 75S 228 iio 568 562 17,654 464 236 399 527 414 Insurance Phoioco Website Other Total & Prlntln 11 Grants and Donations A granl from tho Model Trusl Fund of £120,000 lo the Gener81 Fund towardj the ¢lrcull's expendlture for Ihe year lo 31 August 2022 wa6 a9roed 81 Iha Clrcull Ino&tlng on 16 Seplember2021, At Ihe s8me meellngll wa8 agreed lo glve £70,000 lo Ilie Mlnls1e￿ P£n81on Fund. £10.000 would be from the General Fund and £60,000 from tho Model Tru81 fund. Olhcr llranlg mod0 durtng the yelrwere H•xh•m Trfrtty1È1,7501 Prudhoe & Slo¢k•fl•ld1£3,1001. 12 Manse and other property The freehold m$ldenllal propÈty Iman86sl Is shown In the aceounls al deémèd hl$iorlcbl eosi rapresenibng e8ch properV8 gross c8rrylno value as 411 Séptsmbar2015, belng 11181 property's Insurnnce ieii)8ts1¢m¢nl valuo resulllng fiom a prolegslonal valuallon undertaken In 2011-12 ènd $JbAequenity 8dlu818d up lo and Includlng 31 Au9Us12014. No depreclallon Ig prgvlded becaus8 the Iru8lees con51der the ¢urr¢nt rosldual valua ollhe propBrty In118 preseni cond111￿ io be not less than fts h151orlcal C081 and, In the ab8¢nca of e￿￿enCe of Imp81rm8nt, any depreclaiion p￿91¢n forihe propertyvmuld bo Immalerfal. From lo Ilme Ih9 Clrcull15 ieqihfed lo a$sLxne responslbillly for CkyJrch prnnlses followkn9 closuie and cassallon of worshlp, Thls resu115 In Ihe Cltcull beGomlng Managlng Truslee8 for the property. Al that IlmÉ the property18 recognlsed 88 an a8SBI al anli¢ipal¢d nel sale price as delermlned by a professionol valuatlon and attor (aklng Inio conslderallon tho levy lo b Charged by the conne￿On. expendllum on sueh AÉsetts18 c&piia118ed. Twsiees havÈ nol mad8 any separate vaSual10Th of the l)nd a$so&èl8d wSth116 pyoperty. The Clrcull has m8d8 U88 ofihe dEeffl8d c05t opllon on IransS1SoNry lo FRS 102 SORP 2016 al ouulnèd 8bové. Manses Investment Pro erties Flxtures and fittin Tutal Cost orvaluatlon Balance brought forward at I September 2021 Additions in the ear Revaluatlons In the Less.. Dis osals in the Tranlfèrs between cate ories Balance rdrrted forward at 31 Au 2,174,874 118.800 53,854 2,347,528 ear ear ust 2022 2,174,874 118,81JO 53,854 2,347 528 7of11 Tynedale Circult Notes to the Accounts 13 Investmenrs enin Balance as at 31 Au Increase In Value 2021122 Balance as at 31 August 2022 ust 2021 4,4281 59,543 14 Debtors ?nd prepayments Debtors were made u as follows.. 2021-22 2020-21 Debtors Sti ends aid in advance Re ment. Fern Cotla Pre mentMod@l Trust Fund Pre a ment. Model TrLJSt Fund Total net 16,054 Prudhoe Trinit 3,100 IS Trustees for Methodlst Church Purposes The funds that SUPPOrt the Clr¢uit Model Trust Fund Bre h61d by TMCP In Tru8tees Interest Funrls on whlch Intore¥l Is ¢re¢Yltecl to th6 account$ gach month. Thes6 8r8 ro9arded a¥ medlum 6nd long tsrm Invastlnonls. TMCPIS the leg81 owner and Custodl8n Truslae of all Melhodlsl Mocsel Trust property, Including Legac￿8. Endowmenl$, and Accumu141¢d Funds. Trust property Is held lor and on behalf of local Mengging Tru8lees who are responsiL)le for the dsy lu day manag6menl ol trust prop8rty. TMCP ensure that, through providing guidan¢• Bnd acting undor their dirstttion, Ihg Managlng Trusteeg eomply wlth chorily law and Molhodist18w 8nd policy a$ delèrmingd by tha Methodist Confarénce. 16 Central FSnance Board ICFBI and Cash at Bank Th8 Circuit haÉ a current account 8t Barclays plc. an aulhorisèd instltutlon. The sums hgld on Ihls account 8r6 immédiately 8vallabl$. In additlon, tha Circult h8s 8 deposll accounts al CF8, a common deposll fund. Interest Is ¢£med on the CF8 a¢counl and credited monthly., the sums dep051ted cen be withdrawn wilhoul notica and ￿thout .los$ ol Interest. Thasg 8Urn8 are vl6wed as bein9 Ilquld. 17 Credltors and accrued expenses Cr¢ditots were madè up as follows.. 2021-22 202(¥21 General Fund Creditors due In under I earl: Circuit assessments aid in advance 34,394 Creditors (due after I Wi Iliam Leath Fund ear 8of11 Tynedalè elrcult Notes tothe Aceounts 18 Unrestricted Funds 18.1 General Fund- ba12ncÈ £2,355,563 at31 Augyst 202212021., £2,380,691) Th8 purpose ollho lund Is for use atlhe dl8crellots ol the Iru51ees in th& furtheran￿0[ Ili¢ general objecilv88 of the ClroAI A8¥e been deslgrkated forolhor purposes. TThe fund is almo$l 8nllr6lyhÈld a8 freehold propety, th¢ $ Clrcull man5eÈ £nd iltse closed chuKhés. 18.2 Circult Modal Tru51 Fund- balance £434,364 at 31 August 202212V21'. £399.8681 The Ciicull DAodel TfUSI Fund13 an unreslfjcteJ fund of Clrcull. 1118 adminlslered byTru$iees lorm01h￿1ts1 Church Purrth&th 8maW Bniiual admlnlslr81ion charge. Thoiruglees are Obl￿ed to apply fundB excluslvely h pursullof th8* ¢hadiab￿ purrx)9es. 18.3 MansÈ Fund- balance £16.367 at 31 August 202112020.. £39,539) Thls lulld s8￿e$ $pe¢lnc pJrposes bui18 not rs¥liiclad by any thumenl¢rleed 10 th81 purpose alon6. rhe M8nse Fwd Is a￿latI8 tomaei trus*6s' Obli￿1￿ to 98cure and malnialn ile 8(*ommad8tion In the Clrcult's 6 mons&8. These fvnéB are held a4 u8h. 19 Volunteer contrlbutlons EV￿ enllly Iconnaxlon, Dl8lrfci, ClKull, Churchl Wil￿n Ihe M¢thodlsi Chur¢h In GB18 he8vNyrèllanion volunl8grs ￿n￿but6 Ihelr sklll$. Ikn8 mon6y In the 1Urtheran￿al Ih&wvtk ol the Church, Prtnelplly INS conlribuiion Is by5erving on ctsmmiiieos ol the Clrcuil th81del rn188lon. manseB. flnsncè, ptsllGy, giants. Ir81niNo, ￿e￿I0pMent. W¢ aro w•161ul lo all ol Ih8m lorthelr ¢lNnmiur8ni. 20 Caplt41 commltments and fontlnlent Ilabllltle5 There￿re no e4piial ¢ornTnllm&M¥ orconilngoni118￿l￿Ilets ai Ih&yaarén412020-21'. nlll gof1f DECLARATIONS TreasLErer I CDnfirtn that I have prepared the accounts from the records of the CSrcuit and that they indude all funds under the control of the Cir¢ull Signature of Treasurer Dale q1423 Name David L. Kilnsr Address Beauelèrc Penelope, Rldin9 Mill, NE44 6HY Pr¢sgntatlon to the 'Circult Meetlng for approval. I confirrn that the A¢¢ounis h8ve been presanled lo th¢ Circull Meeting on and w&re apptoved. Is- Slgnature of the Chair of the meeting Narno of th$ Chalr of the mee15ng Dale 16 123 Indopend&nt Ex8mlner'8 Raport to the Truste66 of the Tynodale Clrcult Thls Report Is on the Circull Accounts for the yeai ended 31. August 2022 Rèspectlva responslblllt5&s of Trustees and Examlner Th¥ charltys Iruslees are responsible foi th& pr8paralSon of the a¢¢ounls. The charfll5 Iruslees consider th81 an audll Is not required for this year under sectlon 144 of the Charfliès Act 2011 (the Charilles Act) and that an indgpendenl examinallon Ss needed. 11 is my responsibility lo.. Examine the a￿ount8 undor Secbon 145 ol the Charities Act lo follow the proc&dures18ld down In tha general Dlreolion8 given by the Charity Commission (under Section 14515llbl of the Chari11È8 Act). and lo slate whether partlcular matters hove eome lo my 8tt8nlion. 10of11 8asls of Ind6pond&nt Examine¢s Raport My axamination was carried out sn accordance wlth general Diractlons givan by the Charity Gomnw5slon. An examination llldudes 8 r&vi&w of the accounting recorfJ8 kept by the charity and a ctsmparison of tha ?￿Ounts pres&nl$d wllh those records. It al80 includes consldèrdlion of Any unusual Items or dlsc105Ut88 in the accounts, and se8king wAplanalon$ from the ItU8ie85 conc8rnlng any sueh mallers. The procedures undèrtaken do not provide all the e￿id8nce that would be required in an audit, and Consequonty no opIn￿n is glven as lo whether the accounts pr888nl a'lru8 and fajf view and tho report is Ilmited to those matters sel out in th8 Blatement bèlow. Indeptrndent Examlner'$ Statoment In conn8¢1ion with my ex8min8tion, no matter has eome to my attenlon IbfvvLWo0lo￿b8b￿)'. whlch glves me rèasonable cause lo b611eve that In any m818rl81 respect thè requlremenls.. to k8eP 8miunllng r&cordy In avx)rdanc& with 8ecUon 130 01 th6 Charilles Act,. lo prèpare accounta whlch ac¢ord with the acGounUng record8 an(J comply wlth Iha aecounllng r8qulrgmgnts ol tho Ch&rilles Act have not been mel.. lo ￿th1¢h, in my oplnlon, allenllon should bè drawn In ordarlo enabla a proper underslandlng of the accounts lo be re8ched. ' Pl&as• do1è1o th& word8 In br4¢kels If Ih&ydo nol 8pply approprl&t8 131 Ilfwlhave not. obtslned IndopBnd8nt v6r5flcatlon of all inve8lménts wSlh tho Trustee¥ for Melh¢dl&t Church Purp058s I'TMCP l or held In olher Trus18, Bank balan￿$ and Funds 81 the CenlrAI Fln8nce Board ol the Molh¢dis1 Church I CFB'I, whlch are indlvldually in axcess 01£10.000 Iten thousand pounds) al thè bAlanca 61ieal date. ' P188s& clffj18 8$ Ippproprtele Nam Sheun Nlxon Slgnalure Relevant Prothsbnal qualific8llon or body ACCA Address 11 & 12 Tha Gourtyard, Sl Mary8 Chare. Hoxham, NE4e 1NH Date Circuit Accruals Accounts 2021.2022 THE METHODIST CHURCH FINANCIAL STATEMENTS (FRSSE) for the year ended 31 AucJust 2022 Tynedale Clrcuit Reulstered Charlty- R¢gl$tratlon numb8r 1129509 NEWCASTLE upon TYNE Dl8tri¢t No I Clrcull No 20108 Mlnl$lor8 Rev Paul Dunstaii Rev Alex Oun51an Rev Ggraih Sherwood De8con Anne Tg¥lor Rev Marle Beard tpart tlmeJ_..--.------- Clrcult Steward$ Millis Roblnson orojl rs Va¥8￿.-_..-.----- Ja.cqui CanRron Ruth JolinÉ¢n Circult Tregsurer David ￿l￿er Nameof tlreu TyhedalÈ CIr£￿￿t Number 20108 statèmontof FlnandalAthd•s ISOFAI lor the yparqndqd YI ￿gUSt 2022 Unrestrlcted Fund5 Total 2021 22 Total Z020.21 Intomtr and Endowmeiits from.. 242,IC 242,109 23 217,340 172 217,340 3,024 10,564 L20,000 257,926 2,386 15,173 40,000 lllveslrnents 2,852 10,564 GT4nl Donatlon and ie oc 348,076 244,961 S93,oay J15A85 ENpÈMdlture on.. Sllpend5 5Jlarles, NIC & Penslon costs 194,481 66,172 8,682 16.565 194,481 L8Q,853 io li 12 13 14 Is 26 rele 8,681 16,565 5,793 Maintenance on manses 21,172 26,711 7,592 18,163 5,173 7,792 49,000 25,102 ro ert 11,493 11,493 511,166 8S7 17 6Jf4 194,850 21,002 Olllce Equlpment B67 17,469 185 184,850 17 18 Grants and Dgnations C4ntribvll¢n51o D15tilcl Advan￿ Fund io Tot41 369.204 206,037 21,172 598,411 404,978 20 N2t Incomellexpendlturel Tr•n$f•r¥ beNteen fundi 38,924 21,1721 11,976 21 21,1281 3B.924 21,1721 13,3761 Other reco8mlsed 18ln5 1 IIOsso51', 22 Galnsl GalnsllLossesl cn Inve5tm8nt isxt$ LD55es on revalyatlon of Ilxed a￿015 23 4.428 9,094 25 Net Inovement In funds 128 34.496 121,1721 80,399 Reconelllatlon of funds.. 26 Toi#l funds brou8hl lorward Total funds cBirled forward 2,380,691 399 86B 37,539 2,818,098 2,È98.497 27 2,359,563 434A64 16,367 2,810,294 2,118.098 TynÈdale Circult Balance Sheet as at 31 August 2022 Unrestricted Fun Total 2021-22 Tgtal 202Q-21 Tanglble Fixed Assets Notes Land & Buildings Equ mei)t Investment properties Investments li 2,174,874 53,854 118,800 2,174,874 53,854 118,800 59,543 2,407,07t 2,174.874 53,854 118,800 63,971 2,411,499 li li 12 59,543 59,543 rotolJ7¥édassets 2,347,528 Current Assets Debtor5 Ind Prepayment5 Cash at Bank and in hand Trustees lor Methodlst Church Purposes deposits Central Flnance Board Deposits Bar¢lay$ Bank TotNlcurrent assets 13 28,928 28,928 16,054 374,821 374,821 27,841 208,330 639,920 337,822 60,994 28,048 442.918 27,841 191,963 248,732 IG,367 16,3G7 374,821 re or5 an under l yrl ccrua ue 16 36,697 36,697 36,319 Net current assets Illabllltlesl rotul osset5 less current Ilubllltles 212,035 374,821 16,367 603,223 406,599 2,559,563 434,364 16,367 3,010,294 2,818,098 Loans and creditors due after I year Prov151ons for IlabSlltles and charges 16 200,000 200,000 Net assets 2,359,563 434,364 16,367 2,810,294 2,818,098 Funds of thè Circuit Unrestrlcted fullds Clrcuit Modèl Trust Fund Iunrestrictedl Manse Funds Designated Totul Funds 2,359,563 2,359,563 2,380,691 434,364 434,364 16,367 2,810,294 399,868 37,539 2,818,098 16,367 16,367 17 2,359,563 434,364 3tsf11 TynÈd&lE tlrcult Notes to thÈAtcourk15 l Basis of atcountlng These accounts b¢¢ThprÈpar¢d on Ihe bB51solhlslorf(al eostexteptthat ￿￿v05t￿onI5 are shown atthe[rmark¢t￿lUe attho ond¢l thowllr,¢h the accrna15 ba515 lo$h￿atr￿*3nJ falr￿tWO1thO Dl$trlci'5 finonclil posllknnand aitivltles.TheftDandal slatethents havo been prepared tsndfjrthocharltles Act 2D111n aiiDrdaTrcÉwlththe 2Q14 verslonof A(countlnÉèndReportlTrEbYCh8Tllles'. 5tdtementol Aocommended PractlEÈ ISDRPI app11(able%ocharitks Charitle& goRPIFAsgEF In roplacemenl loy th950RVs 100Svor¥lon 5wclfledlnllsielatEd 200È fto8ulallons artd IA ll¢wrdDncewrflhtlie'trUo ondlalr ovtirlde. prokrfslon tOntAIn￿ Ihereln. 2 Funds ie lJhdsheldwDslttuie'. Gener* Funds heltlforony purpoj4ioltho CktultwhlcharB Unristrlrfgd.,The Manie Fund li deslonatpd byTTUSta4s aspirlol thtGfrnÈral ￿nd,. Tho Clrcull ModelTiust Fund has wwe purpos&sdellnel St>ndlTh8Qrdfjrs Jnd ls¢èt6EoAsod?synrestilcted. The Clrrult holdsn R¢stAcled orEndowment Funds. OetallsoleBEh rnDiqrl•l fund èit th5closed kn Lho knal note tothe&¢ Any lundsmtybv ropresent¢d bymoro 3 Publlc benefit entlty TheTru51eesofTyncdilear£ulliTrhltrm thai iliBylipverewd to the ChaillyCommWon's 8uldahc¢on puNlcbrynqllL 4 Accountln8 polltlas IntOM• Recognltlon Irtom& Is Inclu¢ed In the Statem￿1 ol Flnanclal AC￿￿11@& ISOFAI Kthen the cIr￿lI beGWS enOIK8d Io IhÈ re8ource8, and the Irvsteegare reEaonablycert81n lheY￿11 re￿1ve the rtrsowceB', thè value con be mea8ured ¥urndeni rÈliÈbillly. Ind[￿￿￿*1 amoun orlsed8$ OllierinttDni? In lh8 SOFAMdll be sho¥w separa1￿yIfffteyarè tonslder84 maloAal. No8tlBrnPtls made to meaBure valu¢ ¢1 sorvl¢e8 donai¥d ¥y volunieern. Resources Expended Tho lo recogn1a•0￿fi￿ $114¥lllly1s IrKurffd, or a conslrucllve obllgallon ¥18&6, that reEulls In Ihv puympnlbelng unavthd8ble. Uablllves •ro recowl$6d 95 s¢on 43 ?n ryJiii)wof Économtbenelll 18 0)n81d8red more 1k¢lylh￿ not undgrlhe legal or¢¢n$trucllve obllgalion commllllw I clrcull io payovl resourc Grants Qr8nis made by Ihe Clrcull Irom Il& ovffl fund5 aro recognlsed In lull aiiha Ilme ol aommeni Irwhen Iho ClfvJI atcepth thel Ihèr418g operallonal obllgJllonlo mako tho p8ym?nl. Wiiin thé ¢ranl l& rorjjrrenl (war mora Ihgn ￿8y08r1￿é balanc$ pay8￿0 In fuitjro ye4r$14 Ire•l8d 8s a provlglon fortuiure Cominiimants In Ihe ￿OI￿n¢0 Sa¥ela9olns1 the 8pprowl810 lund. Ihe prov181on ￿n9 reifj868d In future ytrtsm 8$ In81Èlm•rt¥ aFÈ P81é kn a>￿rderh￿Q￿th lh4 odghnellyaor￿ ￿lmS VAT, ElneÈ lh• Glrcull18 rot VAT reopstered, £11 Inwi VAT leeh4rgÉd vAlh m••xpen8e8 ￿ whleh11 mler Tonglblo flxed assets for use by the Clrcult These are¢8pila118ed IIIW¢811 ba Used lor more Ihèn On•￿￿. ond IndI￿￿￿oI￿¢08￿￿l le¥B1£1,000. Trio I*•h￿4 y¢perfy Is shts%*n In Ihe 018 812015 deernedv81118$ Indvding land. No d6pIec￿lIN4B provlded on Ihe bulldlng bgtAU8e tho IYu91R85 EoDslclEr Vie cUrreD1r881￿8l lalrvalvc ol Ilie rnanse bulldlng¥ lon the fj86unipiion Ihai11 had reached Ihe end 01119 u8aful cconomlc Ilfe byltr,e ye8r-endl10 ba nol leB4111gTh115 Jirfjnlvolue. Anyd8pre&èilor)￿¢U￿ nol be m8iedal. Tha prop¢rty been re￿•￿4 forknp6lrmenL Investment Propertle$ Inveslmenl properiies ara propErtles lu8uallyclosed Chap￿￿1 deeM¢d lo noi be rir Ihe long4&rm pwwe5 ¢1 Iho Charfly, Thla ha8 89r8td4n a ca59 byc4se b8818 Wlh tha Disirtcl Pollry Ccrtnmillea and Ihgv61ve 1$ shovm nal ol all rel818d $lllno1898 dnd eommlsglons IrKludlng the Conneklonal 1¢￿¢11¢Y181¢d ￿ a glldlng Scgle baged on Ihe grois $ale prlce. Investments Theclrcull's Invo8imantS ¥8 he￿ byTwgtee¥ lor Meih¢dlsi Church Purffj8e8 a& cust￿lan TnJ8t&e. Invéairneni8 are ¥￿Ut￿ lrt thè bglon 6héai al markel v8luo at yeÈr end. Inveslmeni Inctsr815 included In Ih08cewnts r8Ce￿sbIa aDy oolns orloeg88 on révaluallon il thè ￿Are￿I ar• shomffj In the sofA Debtors and Pr£piymonts D6bltsN relate lo tho paymanlof IM 8Wember311pond In Auwsl1£22,0081, anLS a yepawnenlrfQr¥nl from thé modd Iluel lund (£4,850>, and a paynieni In Sdvantèof El.170 for2022123 Creditors CrÈdiioFs InduJ8 tswdry expenges, ur8n18 the cornlng ￿¥rand spedllcBllYlhè Isl wartera&Be&smeni r8cdved In Augu61. lrnpoct of Accountlng change5 There has iiol beèn Bnyresialemenl requ5red lo prev￿8 reportèd Informe1￿ because of Ine newSORP. 6olnE ¢on¢ern 888odoD the monetsry 8Bg6L4 human resourc0$ avolla￿e ￿ 81 AtsgUGI 2022. th6 Iru51ees beleve th81 the Clthl IB a ooiw corThn. Consolidation The Clrcuil ￿Er5eeB ofrnknlslepJ 4nd CWr¢he8￿I1ttin Clicull buld0￿ ha￿C￿l￿OI 0v8flho￿ ChLrches. M￿¥18r8, tylay rt(prs ￿epI in extreffle dicums18nces, none Of Mthich applkable. Forth15 rea50n. Ihe fin8nclal si81￿￿nig ollhÈ Cmrches ￿1h1n the Circull Vol￿n8011￿9lfjd Inio Ihe8è fjnandal stElem¢n 4of11 Tynedala Clrtuit Notes to thè Accounts 5 Capltal Recelpts Net Proceeds of sale of Churches Mickl Mount Pleasant Sparty Lea Total 128451 113658 242109 6 Assessments on Churches ThÈ Clrcuil is made up ol the lollowino Churches Irorn whom conlributlons were receivèrl durtng the Acomb 5,472 9,945 5,000 12.732 2,960 21,580 10,522 57,087 Hexham West End Prudhoe 16,564 25,754 6.988 17,420 1,000 24.338 Allen V&lley Bellingham Corbridge Fourstones with W8rden Haliwhlslle Riding Mill Stocksfiald Wark Wy18m Haydon Bridge Hexham Trinity Totsl 217,340 7 Cost of superlntendent, mlnlsters, and trustees The superfniondont of the Clrcult, tliè other rninl$ters and th8 remainlng members ol tha Clr¢ull Leadèrshlp Team are consldored lo bo key management personnel. The supedntendent chalrs meetings ol the CLT and Clrcull Meetlngs. The members of th8 Clrcuit Moeting ar6 th¥ Iruslees of the GirculL Tha $lip¢nd8, employerfs NIC, and employer's pension contilbullons and other expenses ol tha mlnlsl8rs of the eirGull ar6 pald by the CSrcull. 2021-22 2020-21 ends of Mi ni5ters I ncludln No. of full time mlnlster5 Ng. of arttime mlnlsters renticeshi lev Administrator Total Em ers Nl & Pen51on 193567 176107 914 34,590 229,071 814 3,932 180 853 Payments to Trustees 11 Is generally not Circuit policy lo relmbur86 non.Ininlstarl81 m8mbgrs of th8 CLT, Clrcull Meeting and other¥ involved In th6 administr￿tIon of Clreuit aff¥lr8 for eypendlture properfy Incurred in trarrying out their duties. Apart from tha 6minist8rs, the Circult Adminlsirator and Communications co.ordinator no mernber ol the Cl￿￿1¢ Meetlng or CLT was in rèceipt of any payment forwork undertaken on behsll of the Circuit, although certain travelllng and admillistralion costs were r&lmbursed in relatlon 10 8pocific prolects. Tha Clreuit Admlnistr8lor 8nd Communication Co-ordinator Bra a trustees and received payments lolalling £34,590 in respect of work undertaken. 5of11 Tynedale Clr¢ult Notes to the Accounts 8 Manse and tsther property costs The Cir¢ult is required to provldg and maintain 8ecommadation for each Mlnlster and herlher family. This 18 A benefit to the Circuit. Ministers 8r8 g8nerally expected to occupy their Man888. The Circull b&ar8 the cost ol pairs, mainl$nan¢e, buildiw insurance, Council Tax and water char988. The Iruslees have established 8 designated tJnd lo meet the expenses ol malntaining the Circuit's 8lx Monses and th• circuit offi￿. 12021.. 61 From lime to tlme the Circull may hold residential property Iformedy M8nsesl which Is surplus lo its normal stsffing roquiremenls, Wh6r6 thi8 18 th8 C8se and It is anti¢lpated that the property Is uiilik61y to b8 11Sgd as a manse wthln a period years, the propaty 18 classified ss Inv881mgnt property Iwhelher l&1 out or noll and any16ts 8re al market rates unless there is a comp6111ng roason not lo do $0 In furtherancè of the Cir¢ull'8 charitabl8 obJ'8ctives, Al 31 August 2022, the Circuil hokl iwo resKlentl81 investment propertlos IMaltwhisU8 & Wylaml. Further the Circull m8y from tlme to Ilme hold fL*rthèr Invo8lmont propertio3 belng Church¢$ where wtsrship no longer iakas place. With the oonsent ol thè Iruslaes and thè Di8lrfct, the Circult 18 r8sponslbl$ lor preparlng th9 property for sale rnosl often 88 a commarclal Irallsacllon. The Iruslee6 will re¢elvo th8 proce8ds of the sale on¢e concluded and after the applic8llon of tho Connexlonal Property Lavy. Al 31 August 2022, the Circull hold three Investment propertles Sn West Wylam earr85ford and Corbrldge 12021.. 21. 2021.22 2020-21 Manse runnln costs Insurances cost5 16,565 Re alrs and Malntenance 2021-22 2020-21 Manse Im Elvaston rovements & M orRe alrs 1,097 ham Prudhoe Westfield Paid out of Manse Fuhd 17,730 21,172 9 Expenditure on other Clrcult Property 2021-22 202Cp21 Investment C05t of dis Maintenan Insurances Le ro ertles osal 1,083 4,871 4,678 1,250 11.493 8of11 Tynedale Notes to the Accounts 10 Other Outgoing5 2021.2.1 2020-21 Office Ex Salariesand NE ensès 34,590 15,554 Rent Incidentals Total Other Outgolngs TMCP admin char Conference minutes & pra ermanuals Bank and account3n charges Local and vlsitin reachers Removal ex Quln uennials waters 576 18,163 es 1145 742 903 840 936 ense5 7,405 75S 228 iio 568 562 17,654 464 236 399 527 414 Insurance Phoioco Website Other Total & Prlntln 11 Grants and Donations A granl from tho Model Trusl Fund of £120,000 lo the Gener81 Fund towardj the ¢lrcull's expendlture for Ihe year lo 31 August 2022 wa6 a9roed 81 Iha Clrcull Ino&tlng on 16 Seplember2021, At Ihe s8me meellngll wa8 agreed lo glve £70,000 lo Ilie Mlnls1e￿ P£n81on Fund. £10.000 would be from the General Fund and £60,000 from tho Model Tru81 fund. Olhcr llranlg mod0 durtng the yelrwere H•xh•m Trfrtty1È1,7501 Prudhoe & Slo¢k•fl•ld1£3,1001. 12 Manse and other property The freehold m$ldenllal propÈty Iman86sl Is shown In the aceounls al deémèd hl$iorlcbl eosi rapresenibng e8ch properV8 gross c8rrylno value as 411 Séptsmbar2015, belng 11181 property's Insurnnce ieii)8ts1¢m¢nl valuo resulllng fiom a prolegslonal valuallon undertaken In 2011-12 ènd $JbAequenity 8dlu818d up lo and Includlng 31 Au9Us12014. No depreclallon Ig prgvlded becaus8 the Iru8lees con51der the ¢urr¢nt rosldual valua ollhe propBrty In118 preseni cond111￿ io be not less than fts h151orlcal C081 and, In the ab8¢nca of e￿￿enCe of Imp81rm8nt, any depreclaiion p￿91¢n forihe propertyvmuld bo Immalerfal. From lo Ilme Ih9 Clrcull15 ieqihfed lo a$sLxne responslbillly for CkyJrch prnnlses followkn9 closuie and cassallon of worshlp, Thls resu115 In Ihe Cltcull beGomlng Managlng Truslee8 for the property. Al that IlmÉ the property18 recognlsed 88 an a8SBI al anli¢ipal¢d nel sale price as delermlned by a professionol valuatlon and attor (aklng Inio conslderallon tho levy lo b Charged by the conne￿On. expendllum on sueh AÉsetts18 c&piia118ed. Twsiees havÈ nol mad8 any separate vaSual10Th of the l)nd a$so&èl8d wSth116 pyoperty. The Clrcull has m8d8 U88 ofihe dEeffl8d c05t opllon on IransS1SoNry lo FRS 102 SORP 2016 al ouulnèd 8bové. Manses Investment Pro erties Flxtures and fittin Tutal Cost orvaluatlon Balance brought forward at I September 2021 Additions in the ear Revaluatlons In the Less.. Dis osals in the Tranlfèrs between cate ories Balance rdrrted forward at 31 Au 2,174,874 118.800 53,854 2,347,528 ear ear ust 2022 2,174,874 118,81JO 53,854 2,347 528 7of11 Tynedale Circult Notes to the Accounts 13 Investmenrs enin Balance as at 31 Au Increase In Value 2021122 Balance as at 31 August 2022 ust 2021 4,4281 59,543 14 Debtors ?nd prepayments Debtors were made u as follows.. 2021-22 2020-21 Debtors Sti ends aid in advance Re ment. Fern Cotla Pre mentMod@l Trust Fund Pre a ment. Model TrLJSt Fund Total net 16,054 Prudhoe Trinit 3,100 IS Trustees for Methodlst Church Purposes The funds that SUPPOrt the Clr¢uit Model Trust Fund Bre h61d by TMCP In Tru8tees Interest Funrls on whlch Intore¥l Is ¢re¢Yltecl to th6 account$ gach month. Thes6 8r8 ro9arded a¥ medlum 6nd long tsrm Invastlnonls. TMCPIS the leg81 owner and Custodl8n Truslae of all Melhodlsl Mocsel Trust property, Including Legac￿8. Endowmenl$, and Accumu141¢d Funds. Trust property Is held lor and on behalf of local Mengging Tru8lees who are responsiL)le for the dsy lu day manag6menl ol trust prop8rty. TMCP ensure that, through providing guidan¢• Bnd acting undor their dirstttion, Ihg Managlng Trusteeg eomply wlth chorily law and Molhodist18w 8nd policy a$ delèrmingd by tha Methodist Confarénce. 16 Central FSnance Board ICFBI and Cash at Bank Th8 Circuit haÉ a current account 8t Barclays plc. an aulhorisèd instltutlon. The sums hgld on Ihls account 8r6 immédiately 8vallabl$. In additlon, tha Circult h8s 8 deposll accounts al CF8, a common deposll fund. Interest Is ¢£med on the CF8 a¢counl and credited monthly., the sums dep051ted cen be withdrawn wilhoul notica and ￿thout .los$ ol Interest. Thasg 8Urn8 are vl6wed as bein9 Ilquld. 17 Credltors and accrued expenses Cr¢ditots were madè up as follows.. 2021-22 202(¥21 General Fund Creditors due In under I earl: Circuit assessments aid in advance 34,394 Creditors (due after I Wi Iliam Leath Fund ear 8of11 Tynedalè elrcult Notes tothe Aceounts 18 Unrestricted Funds 18.1 General Fund- ba12ncÈ £2,355,563 at31 Augyst 202212021., £2,380,691) Th8 purpose ollho lund Is for use atlhe dl8crellots ol the Iru51ees in th& furtheran￿0[ Ili¢ general objecilv88 of the ClroAI A8¥e been deslgrkated forolhor purposes. TThe fund is almo$l 8nllr6lyhÈld a8 freehold propety, th¢ $ Clrcull man5eÈ £nd iltse closed chuKhés. 18.2 Circult Modal Tru51 Fund- balance £434,364 at 31 August 202212V21'. £399.8681 The Ciicull DAodel TfUSI Fund13 an unreslfjcteJ fund of Clrcull. 1118 adminlslered byTru$iees lorm01h￿1ts1 Church Purrth&th 8maW Bniiual admlnlslr81ion charge. Thoiruglees are Obl￿ed to apply fundB excluslvely h pursullof th8* ¢hadiab￿ purrx)9es. 18.3 MansÈ Fund- balance £16.367 at 31 August 202112020.. £39,539) Thls lulld s8￿e$ $pe¢lnc pJrposes bui18 not rs¥liiclad by any thumenl¢rleed 10 th81 purpose alon6. rhe M8nse Fwd Is a￿latI8 tomaei trus*6s' Obli￿1￿ to 98cure and malnialn ile 8(*ommad8tion In the Clrcult's 6 mons&8. These fvnéB are held a4 u8h. 19 Volunteer contrlbutlons EV￿ enllly Iconnaxlon, Dl8lrfci, ClKull, Churchl Wil￿n Ihe M¢thodlsi Chur¢h In GB18 he8vNyrèllanion volunl8grs ￿n￿but6 Ihelr sklll$. Ikn8 mon6y In the 1Urtheran￿al Ih&wvtk ol the Church, Prtnelplly INS conlribuiion Is by5erving on ctsmmiiieos ol the Clrcuil th81del rn188lon. manseB. flnsncè, ptsllGy, giants. Ir81niNo, ￿e￿I0pMent. W¢ aro w•161ul lo all ol Ih8m lorthelr ¢lNnmiur8ni. 20 Caplt41 commltments and fontlnlent Ilabllltle5 There￿re no e4piial ¢ornTnllm&M¥ orconilngoni118￿l￿Ilets ai Ih&yaarén412020-21'. nlll gof1f DECLARATIONS TreasLErer I CDnfirtn that I have prepared the accounts from the records of the CSrcuit and that they indude all funds under the control of the Cir¢ull Signature of Treasurer Dale q1423 Name David L. Kilnsr Address Beauelèrc Penelope, Rldin9 Mill, NE44 6HY Pr¢sgntatlon to the 'Circult Meetlng for approval. I confirrn that the A¢¢ounis h8ve been presanled lo th¢ Circull Meeting on and w&re apptoved. Is- Slgnature of the Chair of the meeting Narno of th$ Chalr of the mee15ng Dale 16 123 Indopend&nt Ex8mlner'8 Raport to the Truste66 of the Tynodale Clrcult Thls Report Is on the Circull Accounts for the yeai ended 31. August 2022 Rèspectlva responslblllt5&s of Trustees and Examlner Th¥ charltys Iruslees are responsible foi th& pr8paralSon of the a¢¢ounls. The charfll5 Iruslees consider th81 an audll Is not required for this year under sectlon 144 of the Charfliès Act 2011 (the Charilles Act) and that an indgpendenl examinallon Ss needed. 11 is my responsibility lo.. Examine the a￿ount8 undor Secbon 145 ol the Charities Act lo follow the proc&dures18ld down In tha general Dlreolion8 given by the Charity Commission (under Section 14515llbl of the Chari11È8 Act). and lo slate whether partlcular matters hove eome lo my 8tt8nlion. 10of11 8asls of Ind6pond&nt Examine¢s Raport My axamination was carried out sn accordance wlth general Diractlons givan by the Charity Gomnw5slon. An examination llldudes 8 r&vi&w of the accounting recorfJ8 kept by the charity and a ctsmparison of tha ?￿Ounts pres&nl$d wllh those records. It al80 includes consldèrdlion of Any unusual Items or dlsc105Ut88 in the accounts, and se8king wAplanalon$ from the ItU8ie85 conc8rnlng any sueh mallers. The procedures undèrtaken do not provide all the e￿id8nce that would be required in an audit, and Consequonty no opIn￿n is glven as lo whether the accounts pr888nl a'lru8 and fajf view and tho report is Ilmited to those matters sel out in th8 Blatement bèlow. Indeptrndent Examlner'$ Statoment In conn8¢1ion with my ex8min8tion, no matter has eome to my attenlon IbfvvLWo0lo￿b8b￿)'. whlch glves me rèasonable cause lo b611eve that In any m818rl81 respect thè requlremenls.. to k8eP 8miunllng r&cordy In avx)rdanc& with 8ecUon 130 01 th6 Charilles Act,. lo prèpare accounta whlch ac¢ord with the acGounUng record8 an(J comply wlth Iha aecounllng r8qulrgmgnts ol tho Ch&rilles Act have not been mel.. lo ￿th1¢h, in my oplnlon, allenllon should bè drawn In ordarlo enabla a proper underslandlng of the accounts lo be re8ched. ' Pl&as• do1è1o th& word8 In br4¢kels If Ih&ydo nol 8pply approprl&t8 131 Ilfwlhave not. obtslned IndopBnd8nt v6r5flcatlon of all inve8lménts wSlh tho Trustee¥ for Melh¢dl&t Church Purp058s I'TMCP l or held In olher Trus18, Bank balan￿$ and Funds 81 the CenlrAI Fln8nce Board ol the Molh¢dis1 Church I CFB'I, whlch are indlvldually in axcess 01£10.000 Iten thousand pounds) al thè bAlanca 61ieal date. ' P188s& clffj18 8$ Ippproprtele Nam Sheun Nlxon Slgnalure Relevant Prothsbnal qualific8llon or body ACCA Address 11 & 12 Tha Gourtyard, Sl Mary8 Chare. Hoxham, NE4e 1NH Date