Trustees’ Report June 2024
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.
Throughout the year, the Circuit has focussed on emerging from the challenges of the pandemic and re-establishing the mission and ministry of the church throughout our communities.
We have continued addressing the ongoing and growing needs of our communities who continue to be affected by the pandemic whereby some people still find it challenging to reengage with the norms of society and church life; with the affects of the economic struggles faced by some; and the concerns raised by many global issues which affect the individual as well as wider society.
Over the year, it has been necessary to restructure some of our church societies to reflect the changes of the past years in terms of reduced attendance and income and the expectations of our governing body, the Methodist Church in Great Britain.
The Circuit has also seen significant staffing changes during this time, both Presbyteral, lay and leadership. It is expected that these changes in staff will stabilise in the next 12 months, allowing us to refocus and make plans for the time ahead and enable us to future-proof the activities of our churches in their local communities.
Our financial position has been impacted during the year due to reduced income and higher expenditure costs, and we are using our Circuit’s reserves. The Circuit made a decision to restructure in the light of its finances and from September 2023, reduced 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.
We are in a period of transition which is both exciting and challenging and are grateful for the ongoing support of all staff members, lay and ordained, the many volunteers who contribute to the life of our Circuit enabling the work of our charitable purposes to be fulfilled, and especially the individual members who contribute in the many and varied ways they are able to continue the work of Tynedale Methodist Circuit insomuch as it feels called and equipped by God to do as we seek to follow Christ in the power of the Holy Spirit.
Rev Marie Beard
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LW/14.Trustees Report (as of August 2023)
Circuit AGcruals Accounts 2022-2023 THE METHODIST CHURCH FINANCIAL STATEMENTS {FRSSE) for the year ended 31 August 2023 Circuit Tynedale Reglstered Charlty- Registratlon number 1129509 NEWCASTLE upon TYNE District No I Circuit No 20108 Mlnisters Rev Jennifer Porterpryde Rev Gareth Shèrwood Rev Jennifer Porterp.rgde Deacon Anne Taylor Rev Marie Beard.(p.art time)......_.. Ref Fiona Calverey.---- Rev Michael Holland Circuit stewards Millie Robinson Carolyn vaS8.._._.._..____ Marty.n Johnson Ruth Johnson Clrcult Treasurer David Kilner
Name of Clr¢utt Tynedèle CSr£uit Number 20108 Statement of Financial Activitie5 ISOFAI lor the year ended 31 AuBust 2023 Unrestricted Funds Total 2022-28 Total 2021-22 Income and Endowments from.. 242,109 Contributitrns 197,286 1,359 8,411 197,286 217,340 Investments 4,789 6,148 3,D24 8,411 10,564 120.000 Grant Donation and Legacy Total 207,056 4,789 Zii.B45 593.037 Expendlture on.. Stipends, salaries, NIC & Pension costs District Assessment Telephone & travel 208,610 72,656 11,910 21,959 3,012 3,541 29.243 208,610 72,656 11,910 21.959 19,379 3,541 29,243 194,481 66,172 8,682 16,565 26,481 11,493 38,166 867 17,654 194,850 21,002 io li 12 13 14 Is 16 aintenance on manses Expenditure on other Circuit property Office Expenses Office Equipment Oth2r Expenditure Grant5 and Oonatlons Contributions to District Advance Fund 16,367 14.664 1,258 20.705 23,953 15,922 20,705 23,953 17 18 19 Total 365.595 45.916 16,367 417,878 596.413 20 Net incomellexpenditurÈl Transfers between funds 1158.5391 323,043 141.1271 1323,0431 1364,1701 116.3671 1216,033 13.3761 164,504 116,3671 1216,0331 13,3761 Other rewgnised goins / Ilossesl: 22 GalnsllLossesl on revèluation of fixed assets 23 GèlnsllLosse51 on investment assets 12,6491 12,6491 14,4281 25 Net movement in funds 164,S04 1366,8191 116,3671 1218,6821 17,8041 Reconciliation of fut)ds: 26 Total funds brought forward Total funds carried forward 2.359.563 434,364 16.367 2,810.294 2,818,098 27 2.524.067 67,545 2.591,612 2,810,294 20111
Tynedale Circuit Balance Sheet as at 31 August 2022 Unrestricted Funds Total 2022-23 Total 2021-22 Tangible Flxed Assets Notes Land & Buildings Equipment Investment properties Investments io 2,391,414 53,854 118,800 2,391,414 53,854 118,800 56,894 2.620,962 2,174,874 53,854 118,800 59,543 2,407.071 io io li 56,894 56,894 Totolfixed assets 2,564,068 Current Assets Debtors and Prepayments Cash at Bankand in hand Trustees for Methodist Church Purposes deposits Central Finance Board Deposits Barclays Bank Total current assets 12 26.277 26.277 28.928 17,426 17.426 26,970 48,463 119,136 374,821 27,841 208,330 639,920 26,970 48,463 101,710 17,426 re ors an tcrua ue under I yrl 15 141,711 6.775 148,486 36,697 Net current assets Illabllltlesl Totol ossets less current liubilities 140,0011 10.651 129,3501 603,223 2,524,067 67.545 2,591,612 3,010.294 Loans and creditors due after I year Provisions charges for and Net ussets 2,524,067 67,545 2,591,612 3,010,294 Funds of the Circuit Unrestricted funds Circuit Model Trust Fund Iunrestrictedl Manse Funds Designated Total Funds 2,524,067 2,524,067 2,359.563 67.545 67.545 434,364 16,367 2,810,294 16 2.524,067 67,545 2,591,612 3of11
Tynedale Notes to the Accounts l Basis of accounting These aCCOvnis have beeffl prepared on the basi5 01 histllrKal c05texcem ihJt Snve5trnent5 are shown attheii market value at rhe end Df theyear. on the ct 2011 In aCcordanwith the 2014vÈrSion ol Accountlngand Reporting by Charities-. St3Ment of ReEommended pralce ISORPI appllcèble to Eharitie5 preparing their acci)untS in actordancewiththe Finanaal Reporting Standard lor smaller entities applicable the UK (effect& from I lanuary 2015I- the overr provlsloncomained therein. 2 Funds The funds held Constitute. General FuThd5 held forany purw5e ol the Circuit which ¥Te Unre51rirted. rhe Manse Fund is designat byTruStees è5 olthe gr Endowment Fjnds. Details ofea¢h mateiial fund are dlSclD5ed In theflnal note tothe5e accwnts. Any lun¢s rnay berepresented by morethaniust tssh. 3 Public benefit entitv TheTru5tees of Tynedale Clrcuit conflim thatthtyhave re8ard to thÈ ChèrityComtnls5iOn'58uld?ncevn publlcbeneiir 4 AccoL¢ntiThg pollcles In£omÈ Recognition Is iDGluded In the Statement of Finanual Acbvilies ISOFAI vthen the cir11 becotnes enli11ed lo the resources. an($ the trustees are reasonably certain Iheywll receive the resources." afid the fflonelary value can be measured ilh sufficient reliability Individu81 amounts alegonsed a5 Other Income In the SOFA VAII shown sep¥r¥tely if they ¥re cy)n$idtra maienal No atteW is maje lo rnea5ure the value ol services donated by voluniewg RESour¢e5 Expended This Is recognised when a Ii8ts1iiy 1s Incurred, ora constructive oblvJaiion arises. that results in the payrnenl being unavoi¢ab. Liabilibes are recognised as SO as £Tr outfiow of econ(Mni¢ benefit is Considered more liktrly than Dol underthe legal or constrLJGlive oblvJalion commitbng the Circuit lo pay out resource5 Grants Grants m8de by the CircLNI from its own fjJDds are recognised in full al the bme of agreemenlorwhon the Circuit accepts thal Ihere Is 8 16981 or operalionsl obligation m8ke the p8ymeni Whtrn tho gr¥nl is recuiieDI over more than one yearthe balan payabie in tre yesrs is trèabd as a provi51on lor fillFe commitments In the Balan Sheet against kne arvropriale fvnd, the prov18ion being reltrssad in fiJture years as in$tslmenL% are paid In ac¢ordancewlh originally agreed lerrn5 VAT Since the Circuit is not VAT wistered. sll InP1VAT 1$ charged Ihs eXpanS•$tovJh il refers Tangible fixed assets for use by the Circuit These are capitslised If they be used for more one yesr. and Individually ¢osi al least £1,000. The property Is shoNw in the ac¢oun15 at 2015 deemed values induding land No deIKeatron is provided on the building because the Iruslees unsider the rrent residual fair value of tTranse buildings {on the a5SUrnPtion that Il had reach the end of Ils useful eu)nomi¢ life by the ye8r-endl to be not less th8n Its Gurreri value. Any depwation wtrJld not be mien¥i. The property has D8en re¥ieMed fof ImpairmEnt Investment Propertles Investment propertles art wopèrtie$ Ibsually closed chapels) deem&l lo not be held torthe lonterm purposes of the ¢h8riiy This h8$ b agreed on a case by se basis vAlh the Dislnct Policy Commiiiee and th8 value 18 shown netof all rèlatsd atlling fees and COTnrnissions Including the Conne(91 I¢ r•1118 on a sli(w $¢tr based on gross se wce. Investments The Circu5 Investments are held by Trutsiees for Maihodisl Church Putwses as custlan Twslee Investments are v81ued In ba18rte Sheet al maikel value atthe year end Investhenl 1ncoffE is Induded in the accountswhen receivable and any g31n5 orlos5es on revaluation at the yearend are in the SOFA Debtors and Prepayments Debtors felate lo the paymenl of the September 81ipend In Auou$i1£11,0481, and a prepaywenl of Grant from the model Irusi fvnd1£4,8501, 8rvJ ymenls in thance of £10379 for2022f23 Credltors Creoiiofs Inclb'de surbdry expenses, grants payaNe In the comir,g year and spètyfit4lly the 1st qU3rterasse5smenl receiva in August. Impact ot Accountlng changes There has not been any restatement 91 10 WQU8 rBported InforatsOn because oflhe new SORP Going concern Based on'the etary 958ets human resou¢a8 av8ilable at 31 August 2023, Ihe Iruslees bdieve th81 the Circuit is a gDing u)ll Consolidation Th8 Circuit oversees the work ¢1 minisiern Churches within the Circuit tdoeS not Ive control those Churches, Tninistefs. or lay otkers except In extreme ¢irwmstsrtr¥, Df which were appliGable For rea$), the finanty4 SlalerneDts of Chuiche5 within the Circuit are nDI ts)nsolid¥t6d into these finanGial statements 4 of 11
Tynedale Circuit Notes to the Accounts 5 Cost of superintendent, ministers, and trustees The superintendent of the Circuit, the other ministers and the mainIng members of the Circuit Leadership Team are con51dered to be key management personnel. The supeiintendent chairs meetings ol the CLT and Circuit Meetings. The members of the Circuit Meeting are the Iruslees of the Circuit. The stipends. èmployer's NIC. and employerfs pension contributions and other experTrses of the ministers of the Circuit are paid by the Circuit. 2022-23 2021-22 Stipends of Ministers including Employers Nl & Pension No. of full time ministers No. of parttiffle ministers Apprenticeship levy Admi nistrator Total 207751 193567 859 25,826 234,436 914 34,590 229,071 Payments to Trustees It Is generally not Circuit poliw to reimburse non-ministerial members of the CLT, Circuit Meeting and others involved in the administration of Circuit affairs for expenditure properly incurred in carrying out their duties. Apart from the 6ministers. the Circuit Adminislralor and Communications Co-ordinator no rllernber of the Circuit Meeting or CLT was in receipt of any payment lor work undertaken on behalf of the Circuit, although rtain Iravelling and administration costs were reimbuised in relation to specific projects. The Circuit Adrninistrator and Ctsmmunication Co-ordinator are a trustees and received payments lotalling E34,590 in respect of work undertaken. 6 Manse and other property costs The Circuit Is required to provide and maintain a¢¢ommodation for each Minister and herlher farnily. This 15 benefit to the Circuit. Ministers 8re generally expected to occupy their Manses. The Circuit bears the cost of repaiis. maintenance. building insurance, Council Tax and water chaiges. The trustees have established a designated fund to meet the expense5 Of maintaining the Circuit's six Manses and the circuit office. 12022". 61 The balance or? the fund at 31 August 2023 is nil.12022.' £16,369) From time to tirne the Circuit may hold residential property Ifom)erly Manses) which is surplus to its nomal slaffino requirements. Where this is the case and It Is anticipated th8t the property is unlikely to be used as a manse within a period ol two years, the property is classified as investment property Iwhelher let out 01 not) and any lets are at m8rket rates unless there is a compelling asOn not to do sts in furtherance of the Circuit's charilable objectives. At 31 August 2022. the Circuit held Iwo residential inveslm8nt PToperlies (Ha1hIStle & Wylaml. Further the Circuit may from time lo time hold further inve5trnenl properties being churches where worship no longer lakes place. With the consent of the trustees and the District, the Circuil is responsible for preparing the property for sale m05t often as a comrnercial transaction. The Iiuslees will receive the proceeds ol the sale once wncluded and after the application of the Connexional Property Lewy. Al 31 August 2022, the Circuit held three investrnent properties In West Wylarn Barrasford and Corbridge 12021". 21. 5of11
Tynedalè Circuit Notes to the Accounts 6 Manse and other property costs (cont) 2022-23 2021-22 Manse running costs Uti lity costs Insurances 16,807 5,152 11,707 4,858 21,959 19,379 16,565 3,633 Repairs and Maintenance 2022.23 2021-22 Manse Improvements & Major Re Elvaston Wylam Bellin ham Prudhoe Westfield Pald outof Manse Fund airs 307 2,345 1,097 1.021 2,887 12, 152 16.367 17,730 21,172 7 Expenditure on other Circuit Property 2022-23 2021-22 Investment properties Cost of disposal Mai ntenance Insurances 360 3,181 1,944 4,871 4.678 Legal 3,541 11.493 6of11
Tynedale Circult Note5 to the Accounts 8 Other Outgoing5 2022.23 2021-2022 Office Expenses Salaries and Nl ftent Incidentals Total Other Outgoings TMCP admin charges Conference minutes & prayer manuals Bank and accountancy charees Local and visiting preachers Removal expenses Quinquennials ILiving waters Insurance Photoco Website other Total 25,826 2,750 667 34,590 576 29,243 38,166 1258 623 1145 742 1,314 1,564 3,159 3,828 938 225 1,278 1, 189 7,405 3,672 755 228 iio 568 &Printing 610 2,403 15,922 562 17.654 9 Grants and Donatlons Gran15 made tluring the year were Fourstones 1£5,00018nd Prudhoe & Slocksfield1£15.7051 10 Manse and other property The freehold residential property Imansesl is shown in the accounts at de&med historical cost representing each propety's 9ross carrying v81ue as al 1 September 2015, being th31 property's Insuran rein5talernent value resulting from a professional valuation undertaken in 20.. 1-12 and subsequently adjusted up to and including 31 August 2014. No depreciation is provided because the trustees consider the current residual value of the propèrty In ils present ¢ondition lo be not less than it3 historical cost and. in the absence of any eviLlence of impairment, any depreciation provision for the property would be imrnalerial. From time lo lirne the Circuit is Fequired to assume responslbllity for Chur¢h premises foll¢)wing c105ure 8nd cessa110n of worship This r88utt8 In the Circu* becoming Managing Trustees for the properly Al that time th8 property is recognised as an asset al 115 anticipated net sale price as determined by a professional valuation and after taking into wnsideralion the18vy lo be Gharge(t by the Connexion. Any exp8ndilur8 on SUGh assets is capitalised. Trustees have noi made any separate valuation of the land associated with ts property. ThÈ Cirujil has made use of the deemed cost option on transitioning lo FRS 102 SORP 2015 as outlined above. Manses Investment Fixtures and fitti ngs Total Properties Cost or valuation Balance brought forward at I September 2022 Additions in the year Reval uations in the year Le$5.' Disposals i n the year Transfers between categories Balance carried forward at 31 August 2023 2,174,874 413,497 118,8(X) 53,854 2,347,528 413,497 1196,9571 1196,9571 1391,414 I18,8(9 53,854 2,564,068 7of11
Tynedale Notes to the Accounts 11 Investments Openin Balance a5 at 31 August 2022 Increase in Value 2022123 Balance as at 31 August 2023 59,543 12,6491 56,894 12 Debtors and prepayments De+Jtor5 were made up as follows: 2022-23 2022-21 Debtors Stipends paid in advance Repayment- Fern Cottage Prepayment Model Trust Fund Prudhoe Pre ayment Model Trust Fund (Trinitvl Recoverable Oi5brusernents for Churches being sold Total Inetl 11.048 22.908 1,170 3,1(K> 1,750 3.1) 1,750 10,379 26.277 28,928 13 Trustee5 for Methodist Church Purposes The funds that support the Circuit Model Tru81 Fund are held by TMCP in Trusiees Interest Funds on which inteie5t is eiedited to the accounts each month. These are regarded as medium and long lerrn inve51ment5. TMCP is the legal own8r and Custodian Trustee of all Methodist Model Trust property. including Leg8ue5, Endowments. and Accumulated Funds Trust property is held for and on behalf of local Mana9ing Trusl8e8 who are responsible for th8 day to day manement of trust property TMCP ensure that, through providing guidance and acting under their direction. the Managing Trustses comply with charity law and Method151 law and policy as delem)ined by the Methodist cOnfence. 14 Central FFnance Board ICFBI and Cash at Bank The Circuit has a ¢urfftnt account at 8afclays plc, an authorised in51itution. The Su18 held on this account are immediately available. In addition. the Circuit has a deposit accounts al CFB. a common deposrt fund. Interest is earned on the CFB account and credbted monthly., the sums deposita Can be withclrawn without notice and without lo$$ of Interest. These sums are viewed 85 being liquid. 15 Creditors and accwed expenses Creditors were made up as follows". 2022-23 2021-22 General Fund Creditors Idue in under l yearl: Circuit assessments paid I n advance Methodist Church Newcastle Fund rotal 41,711 ioo,ocK) 141.711 36,697 36,697 Model Trust Fund Tynedule Circuit Generol Fund Methodist Church Conneci Willium LeL7ch Fund 4,850 1,925 148.486 36.697 8 of 11
Tynedale rcult Notes to the Account5 16 Unrestrlcted Funds 18.1 General Fund- balance £2,524,067 at 31 AuBu5t 202312022.. £2,359,5631 The purpose of the fi)nd is for use at ihe disGfÈiion of thè Imsiaes in the furtherance of the general Oblecte$ of the cl11 and which have not been desrgnaled for other purposes. The fund is almost entirely held 8s treehold propeo, the 6 Circuit manses and three closed churches. 18.2 Clrtult Model Trust Fund- balance £67.545 at 31 August 202312022: £434,364) The Circuit Model Trusi Fund is an unreslricled lund ol the Circuit. 11 Is administered by Trustees for Met1$1 Church Purpose who levy ¥ small annual adminislralion charge. The Iruslees are obliged lo appty the fufids ex¢lusi¥ely In pursuii ol their ¢fntable purposes. 18.3 Manse Fund- balance £16,367 at 31 AuEU5t 202312022.. £16.3671 This fvnd serves specific putposes Mi & not resirtcied by any documeni or deed lo Ihal purpose aknne The Manse Fund is available 10 meet ImstÉÈs' obliyabon 10 secure and malntsin Ihe accommoJalioD In the Circuit's 6 manses. These funds are held as tAsh. 17 Volunteer contribut40ns Every enlity Iconnexion, Dislrict, Circuit, Church) wlhin the Meth(1$1 Church In G8 15 heavily reliaDI on volunteer5 who contribute tirSkillS, lime and money in Ihe furtherance of the work of Ihe Church Principally this CDnlribulioTh Is by servino on Committees of the Circuit Ihaldeal th TlliSSiOn, m8n$es. finsrte. policy. yranls. tr8ining, development We are grateful to all of them for their help and commitment. 18 Capit31 cornrnitrnents and contingent liabilities There were no rapiial commitments COntingent Iiabililies al Ihe year end12021.22." nil) 9of 11
DECLARATIONS Treasurer I confirm that I have prepared the accounts from the records of the Circuft and that they include all funds under the control of the Circuit Signature of Treasurer Date Name David L. Kilner Address Beauclerc Penelope, Riding Mill, NE44 6HY Presentation to thg 'Circuit Meeting for approval. I confirm that the Accounts have been presented to the Circuit Meebng on 2? and were approved. Signature of the Chair of the meets.ng t£ Name of the Chair of the meeting Date l? Independent Examiner's Reportto the Trustees of the Tynedale Circuit This Report is on the Circuit Accounts for the year ended 31" August 2023 Respective responsibilities of Trustees and Examiner The charity's trustees are spOnSible for the preparation of the 3ccoiJnts. The charity's Iru5tee5 consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Acll and that an independent examination is needed. 11 is my responsibility to.. Examine the accounts under Section 145 of the Charities Act lo lollow the procedures laid down in the general Directions given by the Charity Commission (under Section 145{5llbl of the Charities Act), and lo slate whether particular matters have come to my attention. 10 0111
Basis of Independent Examlnes Report My examination was earried out in accordance with genera1 Dire¢lions given by the Charity ComTni5sion. An exatnination Includes a review of the a¢¢ounting re¢ord5 kept by the chafity and 8 comparison of the accounts presented with those records. 118180 Includès consideration of any unusual items or disclosures in the accounts. and seeking explanations from the trustees COnrning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit. and consequently no opinion Is given as lo whether the accounts present a'lrve and lairf view and the report is litnited to those matters sel out in the statemenl below. Independent Examin&rfs Ststement In connection with my examination, no matter has Come to my attèniion". which give5 me reasonable cause to believe that in any material re$ct the requiretnenls". . to keep accounting re¢ords in accordance wrth section 130 of the Charities Act., . to prepare accounts which acwrd with the accounting records and comply wrth the accounting requirement5 of the Charities Act have not been mel,. or to which, in my Dpinion. attention should be drawn In order 10 enable a proper understanding of the accounts to be ached ' Ploase delete tho words thè br8ck81s if th8y do not 8ppIy 8ppropri819 131 I havelhave not. obtained independent verification of all investments with the Tru51ees for Methodist Church Purposes I'TMCP") or held in other Tru515. Bank balances and Funds al the Central Finance Board of the Methodist Church I CFB'I, which are individually in exc88s of £lO.000 (ten thousand poundsl at the balance sheet date. Please circl8 as èpwopria18 Nam8 Shaun Nixon Signature Relevant Professional qualification or body ACCA Add$$ 11 & 12 The Courtyaid, Sl Marys ctria. Hexham, NE46 1NH Dale JT IJU 'lo >
Basls of Independent Examiner's Report My examination was carried out In accordan with general Direction8 given by the Charity Commission. An examination Includes a review of the 8ccounting records kept by the chanty and a comparison of the accounts presented wth those records. 11 also includes consideration of any unusual i18m5 or disclosures In the ac¢ount5, and 58eking explanations from the trustees concerning any such matters. The procedu$ undertaken do not provide all the evidenr that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the ptsrt is limited lo th05e matters set out in the statement below. Indèpendent Examiner's Statoment In connection with my examination. no matter has come to my attention". which gives me reasonable cause to believe that in any material respect the requirernents.. to keep accounting rewrd$ in accordan with section 130 of the Chanties Act., to prepare accounts which accord with the accovnling reurds and comply with the accounting requirements of the Charities Act have not been rnet". or to which. in rny opinion, attention shoukl be drawn In order to enable a proper und8rstanding of the accounts to be reached. ' Pl88se deI8te the Mvrcls in the bwkets tl)ey do apply appropriate 131 I havelhave not. obtained independent verification of all Investments with the Trustees for Methodist Church Purposes I'TMCP l or held In other Tru818, Bank balances and Funds at the Central Finan Board of the Methodist Churth I CFB l. which are individually in excess ol £10,000 (ten thousand pounds) at the balan sheet date . Please circl8 as appropriat8 Name Shaun Nixon Signatu Relevant Professional qualification or body ACCA Add$$ 11 & 12 The Courtyaid, St Marys Cfiare, Hexham, NE46 1 NH Dale IT (JL o>