REGISTERED REGISTERED CHARITY CHARITY NUMBER: NUMBER: 1129523 1129523
NORTH NORTH , The The Methodist Methodist Churc~~ ChurchRi W-EfJE BEDFORDSHIRE “@= BEDFORDSHIRE S s CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES AND AND UNAUDITED UNAUDITED FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR ENDED YEAR ENDED 31 31 AUGUST AUGUST 2020 2020
FOR FOR
NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
NORTH BEDFORDSHIRE METHODIST CIRCUIT NORTH BEDFORDSHIRE METHODIST CIRCUIT CONTENTS CONTENTS OF THE OF THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR THE FOR THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
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Report Report of of the the Trostees Trustees 1 1 to to 9 9
Independent Independent Examiner's Examiner's Report Report
1010 Statement Statement of of Financial Financial Activities Activities 4111to to1212 Balance Balance Sheet Sheet 13.13to to1414 Notes Notes to to the the Financial Financial Statements Statements1515 to to2424
NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES
FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
The The trustees trustees present present their their report report with with the the financial financial statements statements of of the the charity charity for for the the year year ended ended 31 31 August August 2020. 2020. The The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financia! Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of Ireland of Ireland (FRS (FRS 102) 102) (effective (effective 1 January 1 January 2019). 2019).
OBJECTIVES OBJECTIVES AND AND ACTIVITIES ACTIVITIES Objectives Objectives and and aims aims The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of: of:ine purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement The The Christian Christian faith faith in in accordance accordance with with the the doctrinal doctrinal standards standards and and the the discipline discipline of of the the Methodist Methodist Church Church Any Any charitable charitable purpose purpose for for the the time time being being of of any any Connexional, Connexional, District, District, Circuit, Circuit, tocal local er or other other organisation organisation of of the the Methodist Methodist Church Church Any Any charitable charitable purpose purpose for for the the time time being being of any of any society society or or institution institution or or subsidiary subsidiary or or ancillary to ancillary to the the Methodist Methodist Church; Church; Any Any purpose purpose for for the the time time being being of of any any charity charity being being a a charity charity subsidiary subsidiary or ancillary or ancillary to to the the Methodist Methodist Church. Church.
In !n setting setting our our objectives objectives and and planning planning our our activities activities the the Circuit Circuit has has given given careful careful consideration consideration to to the the Charity Charity Commission's Commission's general general guidance guidance on on public public benefit benefit and and in in particular particular to to its its supplementary supplementary public public benefit benefit guidance guklance on on advancing advancing our our objectives objectives as as set set out out above. above.
The The calling cailing of of the the Methodist Methodist Church Church is is to to respond respond to to the the Gospel Gospe! of of God's God's love love in in Christ Christ and and to to live live out out its its discipleship discipleship in in worship worship and and mission. mission. We We will will use use the the Circuit's Circuit's resources resources to: to: Increase Increase awareness awareness of of God's God's presence presence and and celebrate celebrate God's God's love; love; Help Help people peopie to to grow and grow and learn learn as as Christians Christians through through mutual mutual support support and and care; care; Be Be a good a good neighbour neighbour to people to people in in need and need and challenge challenge injustice; injustice;
Make Make more more followers followers of of Christ. Christ.
In all In all of the of the above above we we will will seek seek to work to work ecumenicaily ecumenically wherever wherever possible. possible.
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We We will will follow follow the the Holy Holy Spirit Spirit who who is calling is calling us to: us to: • ¢ LOVE LOVE God God with with all all our our heart, heart, soul, soul, mind, mind, and and strength; strength;
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« LOVE LOVE one one another, another, as as Jesus Jesus loved loved his followers,; his followers,; • e LOVE LOVE all all others, others, even even enemies, enemies, as as God God does does and; and; • «be be DISCIPLES DISCIPLES OF OF JESUS, JESUS, becoming becoming like like Christ, Christ, behaving behaving like like Christ, Christ, bringing bringing others others to to meet meet and and follow follow Christ Christ working wor1<ingfor for GOD'S GOD'S KINGDOM KINGDOM that that God's God's will will be be done done in in the the Church, Church, and and on on earth earth for for all, all, as as it it is is in in heaven. heaven.
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We We seek seek to to put put our our Mission Mission Statement Statement into into action action in in the the following following ways: ways: • ¢ Resourcing Resourcing worship worship in in each each church, church, as as required, required, week week by by week week and and also also by by worshipping worshipping together together as as a a whole whole Circuit Circuit to to celebrate celebrate particular particular special special occasions occasions within within the the Circuit; Circuit;
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• « Exercising Exercising ministry ministry ecumenically ecumenically with with a a number number of of ministerial ministerial colleagues colleagues from from other other denominations denominations with with whom whom we we are are in in partnership partnership to to varying varying degrees; degrees;
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• ¢ Ensuring Ensuring a a presbyter presbyter is is part part of of the the chaplaincy chaplaincy team team at at Bedford Bedford Prison, Prison, covering covering one one session session per per week; week; . • ¢ Involving Involving Supernumerary Supernumerary (retired) (retired) ministers ministers in in leading leading worship worship and and other other aspects aspects of of Circuit Circuit life life as as far far as as they they wish Wish and and as as their their circumstances circumstances permit; pennit;
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• ¢ Continuing Continuing partnerships partnerships with with Methodist Methodist charities charities and and other other agencies agencies and and charities; charities; • e Supporting Supporting chaplaincy chaplaincy within within the the MHA MHA Care Care Homes Homes within within the the Circuit; Circuit;. .. . • e Providing Providing a a quarterly quarterly Circuit Circuit magazine magazine and and a a Circuit Circuit website website which which provides provIdes useful useful information Infonnation and and links links on on all all relevant relevant issues; issues;
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• * Providing Providing practical practical and and prayer prayer support support to to churches churches to to enable enable them them to to resource resource their their local local mission. mission.
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR ENDED YEAR ENDED 31 31 AUGUST AUGUST 2020 2020
ACHIEVEMENT ACHIEVEMENT AND AND PERFORMANCE PERFORMANCE Following Followi,ng Government Gov~m~ent .guidelines guidelines a~ as a a result result of of Covid-19 Covid-19 the the Methodist Methodist Church Church (Connexion) (Connexion) announced announced the the cessation cessation of of public public worship worship in In all all its Its church church buildings bUildings on on 17th 17th March March 2020. 2020. This This was was followed followed a a week week later later by by the the closure closure of of ail all its its buildings bUildings until until the the beginning beginning of of July July when when the the national netionallockdown lockdown ended. ended. Activities Activities including including operational operational meetings meetings and and worship worship continued continued by by remote remote means means which which included included Zoom. Zoom.
Ecumenical Ecumenical Matters Matters
It It has has continued continued to to explore explore local local ecumenical ecumenical partnerships partnerships at at Cardington. Cardington. The The Superintendent Superintendent Minister Minister serves serves as as the the Methodist Methodist District District ecumenical ecumenical officer officer for for Bedfordshire Bedfordshire and and chairs chairs churches churches together together in in Bedfordshire. Bedfordshire.
Worship Worship The The Circuit Circuit continued continued to to encourage encourage churches churches in in the the diversity diversity of of their their worship worship and and helped helped to to resource resource this this through through the the preaching preaching pian. plan. The The Locaf Local Preachers Preachers and and Worship Worship Leaders leaders Meeting Meeting continued continued to to meet meet quarterly, quarterly, exercising exercising oversight oversight over over accredited accredited and and trainee trainee Local Local Preachers, Preachers, plus plus commissioned commissioned and and trainee trainee Worship Worship Leaders. Leaders.
Safeguarding Safeguarding
The The Circuit Circuit continued continued the the monitoring monitoring of of DBS DBS requirements requirements (including (including renewals) renewats) and and the the delivery delivery of of Creating Creating Safer Safer Space Space training training for for all all appropriate appropriate people people working working with with children children and and vulnerable vulnerable adults. adults. It it also also trained trained more more peopfe peopte to to be be able able to to deliver deliver the the course course ensuring ensuring effective effective compliance compliance in in the the future. future. As As the the position position of of safeguarding safeguarding officer officer remained remained vacant vacant it it was was agreed agreed to to advertise advertise this this position position as as paid paid part part time time employment. employment. This This position position was was successfully successfully fiiled filled on on 1 1 November November 2020. 2020.
Property Property matters matters Details Details of of grants grants awarded awarded can can been been seen seen under under the the Financial Financial Review. Review.
Other Other Circuit Circuit matters matters
The The Circuit Circuit magazine magazine continued continued to to be be published published quarterly quarterly alongside alongside the the quarterly quarterly Preaching Preaching Plan. Plan. Meetings Meetings of of Church Church property property stewards stewards and and treasurers treasurers were were held held to to ensure ensure all all churches churches were were supported supported and and informed informed about about their their current current obligations obligations and and responsibilities. responsibilities. Circuit Circuit training training was was offered offered to to all all pastoral pastoral visitors visitors within within the the churches. churches.
FINANCIAL FINANCIAL REVIEW REVIEW Financial Financial position position The The Connexion Connexion issued issued guidance guidance on on governance governance during during this this pandemic pandemic whilst whilst trustees trustees of of the the Circuit Circuit and and individual individual churches churches within within the the Circuit Circuit are are unable unable to to meet meet in in person. person. Having Having met met on on 30 30 March March the the Circuit Circuit Leadership Leadership Team Team (consisting (consisting of of the the ministers ministers responsible responsible for for churches churches and and circuit circuit stewards) stewards) agreed agreed to to offer offer a a reduction reduction in in share share offers offers for for the the May May and and August August quarters quarters to to those those churches churches who who were were unable unable to to make make these these payments payments in in full. full. The The Mission Mission Resources Resources Mission Mission Stream Stream (MRMS) (MRMS) met met on on 21 21 May May 20 20 to to discuss discuss the the responses responses from from all all churches. churches. It It was was noted noted that that whilst whilst some some churches churches had had requested requested reductions, reductions, most most had had not not and and moreover moreover felt felt their their reserves reserves would would enable enable them them to to meet meet both both their their final final instaiment instalment for for 19-20 1g...20 and and their their 20-21 20-21 share share offer. offer. Whilst Whilst there there were were uncertainties uncertainties regarding regarding when when worship worship could could be be resumed resumed in in the the church church buildings buitdings and and hence hence offertory offertory received received "on “on the the plate", plate", The The MRMS MRMS concluded concluded that that the the Circuit's Circuifs reserves reserves enabled enabled then then to to be be able able to to accept accept reduce reduce share share offers offers as as requested. requested. These These decisions decisions were were ratified ratified at at the the Circuit Circuit meeting meeting in in September September 20. 20.
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 314 AUGUST AUGUST 2020 2020
FINANCIAL FINANCIAL REVIEW REVIEW Principal Principal funding funding sources sources
General General Fund Fund
Th~ The principal principal. source source of of income income for for the the Circuit Circuit is is the the share share offers offers paid paid by by the the Churches. Churches. The The Circuit Circuit continues continues to to have have a a policy ,of asking each Church to decide how much they can afford to pay given their own funds and together with the policy of asking each Church to decide how much they can afford to pay given their own funds and together with the ClfO:'it s finanaal requirements. Church treasurers meet on at least an annual basis to discuss the issues before Circuit's financial requirements. Church treasurers meet on at least an annual basis to discuss the issues before
makl~g making recommendation recom~endation f? to their their individuat indiv!du~1 church church co~nc~ls. councils. Each Each church church council council is is asked asked to to agree agree an an amount amount which which is is
then then included IOdu.ded in In the the follOWing following year’s year's Circuit Circuit budget which budget which IS approved is approved by by the the Circuit Circuit meeting. meeting. Circuit Circuit share share offers offers are are due due
quarter1y quarterly in In advance. advance. Total Total share share offers offers amounted amounted to to £408,419 £408,419 which which was was a a reduction reduction in in the the amounts amounts initially initially agreed agreed due due to to financial financial restrictions restrictions as as a a result result of of Covid-19. Covid-19. The principal revenue expenditure of the Circuit is the payment of Circuit staff which amounted to £243059 of which The principal revenue expenditure of the Circuit is the payment of Circuit staff which amounted to £243,059 of which
£13,765 £13,765 was wa~ financed fi~anced from fr:om the the Circuit Circuit Model Model Trust Trust Fund. Fund. V\lhilst Whilst Ministers Ministers are are appointed appointed by by the the Connexion Connexion'they they are are paid paid
for for by by the the CirCUit Circuit according accordmg to to rates rates agreed agreed by by Methodist Methodist Conference. Conference.
Circuit Circuit Model Modol Trust Trust Fund Fund (CMTF) (CMTF)
The The principal principal source source of of income income for for the the Circuit Circuit Model Model Trust Trust Fund Fund is is the the sale sale of of properties properties and and associated associated invesbnent investment
income income of of those those resulting resuiting funds. funds.
Total Total District District Levy Levy was was £13,897 £13.897 which which will will be be used used to to further further mission mission work work within within the the Connexion. Connexion.
Grants Grants were were awarded awarded out out of of the the Circuit Circuit Model Model Trust Trust Fund Fund (CMTF) (CMTF) as as follows: follows:
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- Property Property grants grants - - 10% 10% grants grants were were paid paid (or (or accrued) accrued) to to the the following following churches: churches:
Trinity Trinity - - £860 £860
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- Other Other A A grant grant of of £150 £150 was was given given to to an an individua! individual to to support support them them in in their their mission mission work. work..
The The circuit circuit received received £300 £300 from from a a church church who who had hod not not spent spent their their "Light "Ught Up" Up" grant. grant.
In In line line with with the the Circuit's Circuifs policy policy youth youth work work expenses expenses not not covered covered by by external extemal grants grants were were incurred incurred from from the the CMTF. CMTF.
Roserves Reserves policy policy
The The policy policy is is to to maintain maintain adequate adequate funds funds to to meet meet the the day day to to day day expenditure expendrture of of the the Circuit. Circuit.
General General Funds Funds as as at at 31 31 August August 20 20 amounted amounted to to £2.488,814 £2,488,814 of of which which £2,252,662 £2,252,662 can can only only be be realised realised on on the the sate sale of of fixed fixed
assets assets comprising comprising predominantly predominantly of of eight eight manses manses held held to to provide provide accommodation accommodation to to the the ministers ministers stationed stationed within within the the
Circuit Circuit meaning meaning there there was was £236,152 £236,152 of of funds funds available available to to meet meet the the day day to to day day financial financial requirements requirements of the of the Circuit. Circuit. This This
is is equivalent equivalent to to approximately approximately seven seven months months of of normal normal expenditure. expenditure.
Unrestricted Unrestricted funds funds also also includes indudes £28,000 £28,000 designated designated for for the the manse manse repair repair costs costs where where these these are are over over and and above above
expected expected annual annual costs. costs. There There were were no no movements movements on on this this fund fund during during the the year. year.
The The Circuit Circuit Model Model Trust Trust Fund Fund as as at at 31 31 August August 20 20 amounted amounted to to £294,939. £294,939. This This has has arisen arisen as as a a result result of of selling selling surplus surplus
property property and and is is held held to to further further mission mission work work. within within the the Circuit Circuit that that could could otherwise otherwise not not be be funded funded through through Circuit Circuit share share
offers. offers. This This has has reduced reduced significanUy significantly over over the the year year partly partly as as a a result result of of funding funding the the salary salary of of a a circuit circuit mission mission
development development enabler. enabler. Further Further details details on on how how this this has has arisen, arisen, monies monies spent spent from from it it and and future future financial financial obligations obligations can can
be be found found in in the the notes notes to to these these accounts. accounts.
FUTURE FUTURE PLANS PLANS
As As a a result result of of the the work. work done done by by the the circuit circuit mission mission development development enabler enabler and and having having regard regard to to the the demographics demographics within within
the the worshipping worshipping communities communities and and estimated estimated resources resources available available in in the the medium medium to to long long term term future, future, the the circuit circuit is is currently currently
undertaking undertaking a a strategic strategic review review to to ensure ensure the the Circuit Circuit is is able able to to continue continue to to carry carry out out its its missional missional objectives. objectives.
The The outline outline plan plan was was agreed agreed at at the the Circuit Circuit meeting meeting in in September September 20 20 which which included included a a reduction reduction in in stationed stationed ministers ministers
from from seven seven to to five five by by 1 1 September September 22. 22.
The The meeting meeting also also agreed agreed to to ensure ensure that that manses manses continued continued to to suitable suitable with with reference reference to to their their location location and and CPD CPD
requirement. requirement. This This would would be be done done by by reviewing reviewing of of the the location location of of all all manses manses with with the the intention intention of of selling selling some some existing existing
ones ones and and replacing replacing with with new new ones ones where where considered considered necessary necessary when when considering considering the the overall overall strategy strategy of of the the circuit circuit
which which includes includes collaborative collaborative working working of of ministers ministers across across the the Circuit. Circuit. Manses Manses not not used used to to house house stationed stationed ministers ministers will will be be retained retained by by the the circuit circuit to to generate generate funds funds unless unless their their sale sale is is required required to to facilitate facilitate the the purchase purchase of of a a new new one. one. The The circuit circuit meeting meeting agreed agreed to to sell sell the the Oakley Oaktey manse manse and and rent rent out out the the Putnoe Putnoe manse manse on on change change of of ministers ministers in in August August
2021 2021 when when two two ministers ministers leave leave and and one one new new minister minister will will come come in in to to the the circuit. circuit.
The The Circuit Circuit employed employed a a part part time time safeguarding safeguarding officer officer from from 1 1 November November 20. 20.
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND MANAGEMENT AND MANAGEMENT Governing Governing document document
The The charity charity is is controlled controlled by by its its governing goveming document, document. a deed a deed of of trust trust and and constitutes constitutes an an unincorporated unincorporated charity. charity.
The North Bedfordshire Methodist Circuit was fonned on 1 September 2011 from the merger of the previous Bedford The North Bedfordshire Methodist Circuit was formed on 1 September 2011 from the merger of the previous Bedford South South and and Ampthill Ampthill Circuit, Circuit, the the Biggleswade Biggleswade Circuit Circuit and and the the Bedford Bedford North North Methodist Methodist Circuit. Circuit. The The charity charity number number was was carried earned forward forward from from the the old old Bedford Bedford North North Circuit. Circuit. It It is is part part of of the the Bedfordshire, Bedfordshire, Essex Essex and and Hertfordshire Hertfordshire District District which which in in tum turn is is part part of of the the Methodist Methodist Connexion Connexion in in Great Great Britain Britain whose whose constitution constitution is governed is governed by by an Act an Act of of Parliament. Par1iament. The The Circuit Circuit is is governed governed by by the the Deed Deed of Union of Union (1932) (1932) and and the the Methodist Methodist Church Church Act Act 1976 as 1976 as amended amended March March 2011. 2011. Overall Overall control control of of the the Circuit Circuit rests rests with with the the Methodist Methodist Conference. Conference. The The Connexional Connexional Office Office implements implements decisions decisions made made by by Conference Conference and and is is also also responsible responsible for for the the stationing stationing of of ministers ministers in in individual individual Circuits. Circuits. Connexional Connexional decisions decisions are are passed passed to to the the Chair Chair of of the the District District and and the the appropriate appropriate Officers Officers of of the the District District for for regional regional implementation, implementation. The The District District passes passes the the control control down down to to Circuit Circuit level level for for local local implementation implementation by by the the Superintendent Superintendent Ministers, Ministers, ministerial ministerial staff staff and and Circuit Circuit Stewards Stewards via via the the medium medium of the of the Circuit Circuit Meeting. Meeting. The The membership membership of of the the Circuit Circuit Meeting Meeting is is laid laid down down in in the the Constitutional Constitutional Practices Practices and and Discipline Discipline of of the the Methodist Methodist Church. Church.
Charity Charity constitution constitution
In simple In simple terms terms the the Circuit Circuit Meeting Meeting is is made made up up of: of: Circuit Circuit Ministers; Ministers; Circuit Circuit Stewards Stewards and and other other office office holders holders undertaking undertaking Circuit Circuit roles; roles; Circuit Circuit lay lay workers; workers; representatives representatives from from the the churches churches within within the the Circuit Circuit (being (being the the church church Treasurer, Treasurer, church church steward steward plus plus one one other other elected elected member member per per 100 100 members members of of the the church); church); other other Methodist Methodist Ministers Ministers (induding (including Supernumeraries) Supernumeraries) residing residing within within the the Circuit Circuit wishing wishing to to take take up up appointment appointment and and Authorised Authorised Ministers Ministers working working with with
Methodist Methodist churches churches within within the the Circuit Circuit who who wish wish to to take take up up appointment. appointment. The The voting voting members members of of the the Circuit Circuit meeting meeting are are the the Managing Managing Trustees Trustees of of the the Circuit. Circuit.
Certain Certain matters, matters, principally principally those those relating relating to to property property issues, issues, must must be be referred referred to to the the District District and and the the Connexional Connexional office office - -
through through the the Trustees Trustees for for Methodist Methodist Church Church Purposes Purposes (TMCP), (TMCP), acting acting as as Custodian Custodian Trustees, Trustees, but but most most matters matters are are
detennined determined by by the the Circuit Circuit meeting meeting itself. itself.
Recrui1ment Recruitment and and appointment appointmen1 of of new new trustees truetees Whilst the Whilst the appointment appointment of of the the managing managing trustees trustees is is determined determined in in accordance accordance with with the the Standing Standing Orders Orders of of the the Methodist Methodist
Church Church we we aim aim to to ensure ensure members members of of the the Circuit Circuit Leadership Leadership Mission Mission Stream Stream and and the the Circuit Circuit Stewards Stewards include include a a broad broad range range of of experience experience and and expertise expertise induding including pastoral, pastoral, financial financial and and property property matters. matters. Funds Funds are are allocated allocated within within the the Circuit Circuit and and also also accessed accessed via via the the District District to to provide provide training training for for ordained ordained and and lay members lay members
of of staff. staff. The The District District offers offers training training for for all all new new Circuit Circuit Stewards. Stewards. All All members members of of the the Circuit Circuit meeting meeting afe are encouraged encouraged to to read read the the leaflet" leaflet" The The Role of Role of a a Trustee Trustee in in the the Methodist Methodist Church". Church".
Organisational Organisational structure structure The The Circuit Circuit Stewards Stewards together together with with the the Superintendent Superintendent Minister, Minister, other other Ministers Ministers and and Probationers Probationers are are responsible responsible for for ensuring ensuring the the decisions decisions of of the the Circuit Circuit meetings meetings are are upheld upheld and and acted acted upon. upon. Both Both the the Circuit Circuit Stewards Stewards and and the the Circuit Circuit Leadership Leadership Team Team meet meet on on a a regular regular basis basis ‘to to review review the the work work within within andlor and/or policies of the Circuit and to make recommendations to the Circuit Meeting. They also have an overview of the Circuit policies of the Circuit and to make recommendations to the Circuit Meeting. They also have an overview of the Circuit Mission Mission Streams Streams who who coordinate coordinate the the varied varied aspects aspects of of the the Circuit's Circuit's work and work and are are as follows: as follows:
Mission Mission resources resources mission mission stream stream - - responsible responsible for for the the overview overview and and management management of of all all resources resources including including property property and and finance finance
Worship Worship mission mission stream stream
Evangelism Evangelism & & Discipleship Discipleship mission mission stream stream Children Children & & Young Young People's People's mission mission stream stream Social Action Social Action mission mission stream stream
The management of the Circuit is supported by paid, part time lay workers who are the administrator/PA to the The management of the Circuit is supported by paid, part time lay workers who are the administrator/PA to the Superintendent Superintendent Minister Minister and and finance finance officer. officer.
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND MANAGEMENT AND MANAGEMENT Risk Risk management management The The trustees trustees have have a a duty duty to to identify identify and and review review the the risks risks to to which which the the charity charity is is exposed exposed and and to to ensure ensure appropriate appropriate controls controls are are in in place place to to provide provide reasonable reasonable assurance assurance against against fraud fraud and and error. error.
In In accordance accordance with with the the Charities Charities (Accounts (Accounts and and Reports) Reports) Regulations Regulations 2008, 2008, the the Circuit, Circuit, through through the the Circuit Circuit Leadership Leadership Team Team (Cl (CLT), T), has has carried carried out out a a review review of of our our policies. policies. The The Circuit Circuit has: has:
• « Identified Identified the the need need to to produce produce a a written written Health Health & & Safety Safely Policy Policy
• « Reviewed Reviewed its its insurance insurance cover cover and and sums sums insured insured to to ensure ensure they they are are appropriate appropriate for for the the current current environment environment
• e Reviewed Reviewed and and updated updated (where (where necessary) necessary) the the Circuit Circuij Safeguarding Safeguarding policy policy « • Updated Updated the the risk risk register register
The The Trustees Trustees for for Methodist Methodist Purposes Purposes (TMCP) (TMCP)
The The Trustees Trustees for for Methodist Methodist Church Church Purposes Purposes hoid hold the the Circuit's Circuit's Model Model Trust Trust Funds. Funds. From From these these funds funds they they deduct deduct a a levy, levy,
proportional proportional to to the the funds funds held, held, which which goes goes towards towards the the running running of of the the Methodist Methodist Church Church nationatly. nationally. They They act act as as Custodian Custodian Trustees Trustees holding holding the the title title to to the the eight eight properties properties (Manses) (Manses) in in which which the the Ministers Ministers live. live. The The Circuit. Circuit, acting acting as as Managing Managing Trustee, Trustee, is is responsible responsible for for the the day day to to day day management management of of the the properties properties and and has has the the right right and and obfigations obligations of of exercising exercising
power power or or discretion discretion over over them. them.
The The individual individual church church buildings buildings are are the the responsibility responsibility of of their their Church Church Councils. Councils.
REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS
Registered Registered Charity Charily number number 1129523 1129523 ,
Principal Principal address address clo c/o Willington Willington Methodist Methodist Church Church Station Station Road Road Willington Willington
MK443QH MK44 3QH
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 AUGUST 31 AUGUST 2020 2020
Trustees Trustees The The Circuit Circuit Meeting Meeting comprises comprises the the following following trustees trustees and and non-voting non-voting members members Circuit Circuit Ministers Ministers Rev Rev Andrew Andrew Hollins Hollins - - Superintendent Superintendent Minister Minister and and chair chair of of Circuit Circuit meetings meetings Rev Gill Rev Gill Baalham Baalham Rev Rev Caroline Caroline Weaver Weaver Rev Rev Lorna Lorna Valentine Valentine Rev Rev Peter Peter Byass Byass (from (from 1 1 September September 19 - died 19 - died 16 16 August August 20) 20) Rev Rev Silas Silas Wood Wood Rev Rev Dalwyn Dalwyn Attwell Attwell Rev Rev Michael Michael Giles Giles (from (from 1 September 1 September 20) 20) Ministers Ministers without without appointment appolnbnent Rev Rev Joanne Joanne Sherwood Sherwood (from (from 1 September 1 September 19 to 19 to 31 August 31 August 20) 20) Circuit Circuit Stewards Stewards Michael Michael Carr Carr Anne Anne Foley Foley Janice Janice Skerrnan Skerman (to (to 31 31 August August 20) 20) Nick Nick Guy Guy Jane Jane McVey McVey Alan Alan Davis Davis Circuit Circuit Finance Finance Steward Steward Suzanne Suzanne Goodson Goodson ; Circuit Circuit Property Property Steward Steward Richard Richard Ward Ward (non (non voting voting member) member) Circuit Circuit Outreach Outreach Development Development Enabler Enabler Angela Angela Brydon Brydon (appointed (appointed 18 18 February February 19 19to to 17 17 February February 20) 20) Circuit Circuit Safeguarding Safeguarding Officer Officer Stephanie Stephanie Field Field (appointed (appointed 1 November 1 November 20 20 - - non non voting voting) } Circuit Circuit Meeting Meeting Secretary Secretery Mary Mary Millar Millar Local Local Preacher Preacher Meeting Meeting Secretary Secretary Janet Janet Watts Watts Supernumerary Supermumerary Ministers Ministers Jeremy Jeremy Arthem Arthem Kathryn Kathryn Pawiett Pawlett Wendy Wendy Evans-Wood Evans-Wood Methodist Methodist Ministers Ministers resident resident in in Circuit Circuit Rev Rev Cass Howes Cass Howes . Rev Rev Clive Clive larrett Larrett District District Synod Synod Representatives Representatives (DSR) (DSR) Margaret Margaret Olney Olney Maryan Maryan Pateman Pateman Alison Alison Baalham Baalham Heather Heather Harrison Harrison (to (to 31/8/20) 34/8/20) Jenny Jenny Snelson Snelson Church Church Representatives: Representatives: Ampthill Ampthill Brian Brian Kerr Kerr Patsy Patsy Aston Aston Helen Helen Brooke Brooke
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR ENDED YEAR ENDED 31 31 AUGUST AUGUST 2020 2020
Beeston Beeston Sonia Sonia Butler Butler Jennifer Jennifer Sutdiffe Sutcliffe Cynthia Cynthia Dent Dent Clapham Clapham Rosemary Rosemary Isaacs Isaacs Helen Helen Gadsden Gadsden Carolyn Carolyn Maynard Maynard (appointed (appointed 1312120) 13/2/20) Clophill Clophill Anne Anne Cooper Cooper John John Errick Errick Fraser Fraser Wood Wood Cranfield Cranfield Paul Paul Lowe Lowe Slephen Stephen Hobbs Hobbs Pat Pat Davies Davies Flitwick Flitwick Janet Janet May May (died (died 28/11/20) 28/11/20) Ebo Ofori Ebo Ofori Quaah Quaah (to (to 16/3/20) 16/3/20) Angela Angela Brydon Brydon (appointed (appointed 16/3/20) 16/3/20) Haynes Haynes Mervyn Mervyn Barden Barden Glennis Glennis Barden Barden Margaret Margaret Braybrook Braybrook Henlow Hentow Susan Susan Watson Watson Brenda Brenda Ballantine Ballantine Pat Pat Larman Larman Howard Howard Memorial Memorial Church Church (Cardington) (Cardington) Roz Roz Addington Addington (DSR) (DSR) Brian Addington Brian Addington Ruth Ruth Caves Caves Kempston Kempston East East Roger Roger Skipper Skipper Rosemary Rosemary Simms Simms Barbara Barbara Tipping Tipping Phillip Phillip Timms Timms Kempslon Kempston West West Peter Peter Smith Smith Lynda Lynda Smith Smith Jean Jean Prettyman Prettyman Langford Langford Jenny Jenny Broadbridge Broadbridge Gwen Gwen Amott Arnott Stephanie Stephanie Barker Bar1<er(appointed (appointed 20 20 September September 2019) 2019) Lldlington Lidfington LEP LEP Tim Tim Mason Mason Jonathan Jonathan Peall Peall (Non (Non voting voting member) member) Joseph Joseph Peall Peall (appointed (appointed 20 20 October October 2019) 2019) London London Road Road Andrew Andrew Constant Constant John John Caves Caves (DSR) (DSR) Ed Ed Smith Smith (to (to 28/1/20) 2811/20) Oakley Oakley Jeanette Jeanette Letch Letch Graham Graham Follett Follett Noel Noel Evans Evans Park Park Road Road Clive Clive Kir1<man Kirkman Ruth Ruth Johnson Johnson Paul Paul Lowe Lowe (appointed (appointed 19/10120) 19/10/20) Priory Priory Philip Philip Barlow Barlow (resigned (resigned 2 2 September September 2019) 2019) Tony Tony Johnson Johnson
Page Page 7 7
NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
Carmen Cannan Rowe Rowe Susanne Susanne Edwards Edwards (resigned (resigned 20 20 January January 2020) 2020) Keith Keith Gaunt Gaunt (appointed (appointed 2 2 September September 2019) 2019) Liz Liz lillie Little (appointed (appointed 15/3/20) 1513/20) lynne Lynne Gound Gound (appointed (appointed 15/3/20) 15/3/20) Putnoe Putnoe Heights Heights Jenny Jenny Snelson Snelson Sue Allen Sue Allen Andrew Andrew Dennison Dennison Sandy Sandy David David Gennany Germany Andrea Andrea Thorpe Thorpe Jane Jane Germany Germany Shambrook Sharnbrook Mike Mike Bonney Bonney David David Barnes Barnes Marian Marian Blyth Blyth Shefford Shefford Derek Derek Willows Willows Main Mairi Perks Perks Dorothy Dorothy Speight Speight (to (to 29/6/20) 29/6/20) Andi Andi Pepper Pepper {appointed (appointed 29/6/20) 29/6120) Stewarlby Stewartby Elaine Elaine Sullivan Sullivan Judy Judy Hemery Hemery Trinity Trinity (Biggteswade} (Biggleswade) Owen Owen Williams Williams Christine Christine Denny Denny (to (to 31/8/20) 31/8/20) Hazel Hazel Hitch Hitch (to (to 21/10/20) 21/10/20) David David Harrison Harrison (appointed (appointed 21/10/20) 21110/20) Heather Heather Harrison Harrison (appointed (appointed 21/10/20) 21110/20) Upper Upper Caldecote Caldecote Paul Cooper Paul Cooper Jan Jan Cooper Cooper Kim Kim Curtis Curtis Willington Willington Keith Keith Lilley Lilley Paul Paul Phipp Phipp Jeanelle Pearce (appointed 1 November 2019) Jeanette Pearce (appointed 1 November 2019) Wilstead Wilstead Sylvia Sylvia Chesters Chesters June June Cooper Cooper Alan Alan ChestelS Chesters Wootton Wootton David David Goodson Goodson Brian Brian Pawlett Pawlett Thea Thea Lea lea
Independent Independent Examiner Examiner Simon Simon Gill Gill FCCA FCCA Association Association of of Chariered Chartered Certified Certified Accountants Accountants MHA MHA Maclntyre Macintyre Hudson Hudson Moorgate Moorgate House House
201 201 Silbury Silbury Boulevard Boulevard
Central Centrat Milton Milton Keynes Keynes MKQ MK91LZ 1LZ Surveyors Surveyors
Cube Cube Building Building Consultancy Consultancy Franklin Franklin House House
2 Stepping ley 2 Steppingley Road Road Flitwick Flilwick Bedford Bedford MK45 MK451AJ 1AJ
Page Page 8 8
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR THE FOR THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAilS Bankers Bankers
National National Westminster Westminster Bank Bank Pic Plc 81 81 High High Street Street Bedford Bedford central Central Finance Finance Board Board 9 9 Bonhill Bonhill Street Street London London EC2A EC2A 4PE 4PE
Trustees Trustees for for Methodist Methodist Church Church Purposes Purposes Central Central Buildings Buildings Oldham Oldham Street Street Manchester Manchester M1 M1 1JQ 1JQ
EVENTS EVENTS SINCE SINCE THE THE END END OF OF THE THE YEAR YEAR Information Information relating relating to to events events since since the the end end of of the the year year is is given given in in the the notes notes to to the the financial financial statements. statements.
ENDOWMENT ENDOWMENT FUNDS FUNDS :
The The Circuit Circuit has has Endowment Endowment Funds Funds which which have have arisen arisen as as a a results results of of bequests bequests in in favour favour on on the the Circuit. Circuit. In In accordance accordance with with Standing Standing Orders Orders thesa these monies monies are are held held by by TMCP TMCP who who manage manage them them on on its its behaff. behaif.
Approved Approved by order by order of of the the board board of of trustees trustees on on 2A .?~.~ 90% 4me .~ 2 ..~... 0 and and signed signed on on its its behalf behalf by: by:
A Hollins - ustee A Hottins - ee
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INDEPENDENT iNDEPENDENT EXAMINER'S EXAMINER'S REPORT REPORT TO TO THE THE TRUSTEES TRUSTEES OF OF NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
Independent Independent examiner's exainiliet’s report report to to the the trustees trustees of of North North Bedfordshire Bedfordshire Methodist Methodist Circuit Circuit I | report report to to the the charity charity trustees trustees on on my my examination examination of of the the accounts accounts of of North North Bedfordshire Bedfor<jshire Methodist Methodist Circuit Circuit (the (the Trust) Trust) for for the the yearended year ended 31 31 August August 2020. 2020.
Responsibilities Responsibilities and and basis basis of of report report As As the the charity charily trustees trustees of of the the Trust Trust you you are are responsible responsible for for the the preparation preparation of of the the accounts accounts in in accordance accordance with with the the
requirements requirements of of the the Charities Charities Act Act 2011 2011 (‘the ('the Act’). Act'). .
J | report report in in respect respect of afmy my examination examination of of the the Trusfs Trust's accounts accounts carried carried out out under under section section 145 145 of of the the Act Act and and in in carrying carrying out out
my my examination examination I | have have followed followed all alt applicable applicable Directions Directions given given by by the the Charity Charity Commission Commission under under section section 145(5)(b) 145(5)(b) of of the the
Act. Act. .
independent Independent examiner's examiner's statement statement Since Since your your charity's charity's gross gross income income exceeded exceeded £250,000 £250,000 your your examiner examiner must must be be a a member member afa of'a listed listed body. body. | I can can confirm confirm that that I | am am qualified qualified to to undertake undertake the the examination examination because because I | am am a a registered registered member member of of Association Association of of Chartered Ch~rte~ Certified Certified Accountants Accountants which which is is one one of of the the listed listed bodies. bodies. . _
| I have have completed completed my my examination. examination. I | confirm confirm that that no no material material matters matters have have come come to to my my attention attention in in connection connection with with the the examination examination giving giving me me cause cause to to believe believe that that in in any any material material respect: respect:
-
- accounting accounting records records were were not not kept kept in in respect respect of of the the Trust Trust as as required required by by section section 130 130 of of the the Act: Act: or or 2. 2. the the accounts accounts do do not not accord accord with with those those records; records; or or 3. 3. the the accounts accounts do 00 not not comply comply with with the the applicable applicable requirements requirements concerning concerning the the form form and and content content of of accounts accounts set set out out in in the the Charities Charities (Accounts (Accounts and and Reports) Reports} Regulations Regulations 2008 2008 other other than than any any requirement requirement that that the the accounts accounts give give a a true true and and fair fair view view which which is is not not a a matter matter considered considered as as part part of of an an independent independent examination. examination.
I | have have no no concems concerns and and have have come come across across no no other other matters matters in in connection connection with with the the examination examination to to which which attention attention should shOuld be be drawn drawn in in this this report report in in order order to to enable enable a a proper proper understanding understanding of oHhe the accounts accounts to.be to.be reached. reached.
Simon Simon Gill Gill FCCA FCCA Association Association of of Chartered Chartered Certified Certified Accountants Accountants MHA MHA Macintyre Macintyre Hudson Hudson Moorgate Moorgate House House 201 201 Silbury Silbury Boulevard Boulevard Central Central Mitton Milton Keynes Keynes MK91LZ MKS 1LZ . :
29 29 June June 2021 2024
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES ACTIVITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 AUGUST 31 AUGUST 2020 2020
----- Start of picture text -----
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|Restricted|Restricted|
|funds|CMTF|funds|
|Notes|Notes|funds£|£|CMTF££.|£|funds£|£|
|INCOME|INCOME|AND|AND|ENDOWMENTS|ENDOWMENTS|FROM|FROM|
|Donations|Donations|and|and|legacies|legacies|2|2|.|-|-|-|
|Charitable|Charitable|activities|activities|5|5|
|Work|of the|Circuit|408,419|
|Work of the|Circuit|;|408,419|-|-|
|Other|Other|trading|trading|activities|activities|3|3|23,097|23,097|-|.|
|Investment|Investment|income|income|4|4|2,078|2,078|2,558|2,558|:|
|Total|Total|433,594|433,594|2,558|2,558|-|
|EXPENDITURE|EXPENDITURE|ON|ON|
|Raising|Raising|funds|funds|6|6|8,831|8,831|-|-|
|Charitable|Charitable|activities|activities|7|7|
|Work|Work|of|of the|the|Circuit|Circuit|;|408,703|408,703|29,987|29,987|-|
|Total|Total|:|417,534|417,534|29,987|29,987|-|
|Net|Net|gainsJ(losses)|gains/(losses}|on|on|investments|investments|-|(252)|(252)|:|
|)|
|NET|NET INCOME(EXPENDITURE)|INCOME/(EXPENDITURE)|16,060|16,060|(27,681)|(27,681)|-|
|RECONCILIATION|RECONCILIATION|OF|OF|FUNDS|FUNDS|
|Total|Total|funds|funds|brought|brought forward|forward|2,472,754|2,472,754|322,620|322,620|1,321|1,321|
|TOTAL|FUNDS|CARRIED|FORWARD|2,468,814|294,939|1,321|
|TOTAL FUNDS CARRIED|FORWARD|2,488,814|294,939|1,324|
|.|—-34.8.20|31.8.20|31.8.19|31.8.19|
|:|Endowment|Endowment|Total|Total|Total|Total|
|fund|funds|funds|
|Notes|Notes|fund|£|£|;|funds£|£|funds£|£|
|INCOME|INCOME AND|AND|ENDOWMENTS|ENDOWMENTS|FROM|FROM|:|
|Donations|Donations|and|and|legacies|legacies|2|2|:|-|596|596|
|Charitable|activities|5|
|Charitable activities|5|
|Work|Work|of|of the|the|Circuit|Circuit|;|-|408,419|408,419|417,476|417,476|
|Other|Other trading|trading|activities|activities|3|3|-|23,097|23,097|15,215|15,215|
|Investment|Investment|income|income|4|4|-|4,636|4,636|5,031|§,031|
|Total|Total|oe|436,152|436,152|438,318|438,318|
|EXPENDITURE|EXPENDITURE|Raising|Raising|funds|funds|ON|ON|6|6|;|-|8,831|8,831|5,369|5,369|
|CharitableWork|CharitableWork|of|of|the|theactivities|activitiesCircuit|Circuit|.|7|7|——-|oO438,690|438,690|.|448,781|448,781|
|Total|Total|-|447,521|447,521|454,150|454,150|
|Net 9ainsJ(losses)|Net gains/(losses)|on|on|investments|investments|_|(233)|(233)|(485)|(485)|337|337|
|.|The|The|notes|notes|form|fann|part|part|of|of these|these|financial|financial|statements|statements|
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTlVmES ACTIVITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|.|:|31.8.20|31.8.20|31.8.19|31.8.19|
|Endowment|Endowment|Total|Total|Total|Total|
|fund|fund|funds|funds|funds|funds|
|Notes|Notes|£|£|£|£|£|£|
|,|
|NET|NET|INCOME/(EXPENDITURE)|INCOMEEXPENDITURE)|(233)|(233)|(11,854)|(11,854)|(15,495)|(15,495)|
|RECONCILIATION|RECONCILIATION|OF|OF|FUNDS|FUNDS|—|,|
|Total|Total funds|funds|brought|brought|forward|forward|13,223|13,223|2,809,918|2,809.918|2,825,413|2,825,413|
|TOTAL|TOTAL|FUNDS|FUNDS|CARRIED|CARRIED|FORWARD|FORWARD|12,990|12,990|2,798,064|2,798,064|_|2,809,918|2,809,918|
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The The notes notes form form part part of of these these financia! financial statements statements
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The The notes notes form fonn part part of of these these financial financial statements statements
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
BALANCE BALANCE SHEET SHEET. - continued continued 31 31 AUGUST AUGUST 2020 2020
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||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|31.8.20|31.8.20|31.8.19|31.8,19|
|Endowment|Endowment|Total|Total|Tota!|Total|
|fund|fund|funds|funds|funds|funds|
|Notes|Notes|£|£|£|£|£|£|
|FIXED|FIXED|ASSETS|ASSETS|
|Tangible|Tangible|assets|assets|14|14|-|2,252,662|2,252,662|2,252,662|2,252,662|
|Investments|Invesbnents|15|15|12,990|12,990|27,026|27,026|27,511|27,511|
|12,990|12,990|2,279,688|2,279,688|2.280,173|2,280,173|
|CURRENT|CURRENT|ASSETS|ASSETS|
|Debtors|Debtors|16|16|:|35,534|35,534|42,223|42,223|
|Cash|Cash|at|at|bank|bank|-|580,705|580,705|595,554|595,554|
|-|616,239|616,239|637,777|637,777|
|CREDITORS|CREDITORS|
|Amounts|Amounts|falling|falling|due|due|within|within|one|one|year|year|17|17|-|(97,863)|(97,863)|(108,032)|(108,032)|
|NET|NET|CURRENT|CURRENT|ASSETS|ASSETS|-|518,376|518,376|529,745|529,745|
|TOTAL ASSETS|TOTAL|ASSETS|LESS|LESS|CURRENT|CURRENT|LIABILITIES|LIABILITIES|12,990|12,990|2,798,064|2,798,064|2,809,918|2,809,918|
|NET|NET|ASSETS|ASSETS|12,990|12,990|2,798,064|2,798,064|2,809,918|2,809,918|
|FUNDS|FUNDS|18|18|
|Unrestricted|Unrestricted|funds|funds|2,783,753|2,783,753|2,795,374|2,795,374|
|Restricted|Restricted|funds|funds|1,321|1,321|1,321|1,321|
|Endowment|Endowment|funds|funds|12,990|12,990|13,223|13,223|
|TOTAL|TOTAL|FUNDS|FUNDS|2,798,064|2.798,064|2,809,918|2,809,918|
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The The financial financial statements statements were were approved approved by by the the Board Board of of Trustees Trustees and and authorised authorised for for issue issue on on RAL. ...::2..q. .j..J""l. S00... .. ~.'2...{. 29'2_]. and were and were signed signed on on its its behalf behalf by: by:
----- Start of picture text -----
tl A Holl ogc - Trustee r.
~,l 1/ /"J
...
S M Goodson FCA - Trustee
S$ MGoodsonFCA - Trustee
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The The notes notes form fonn part part of of these these financial financial statements statements
Page Page 14 14
-
- ACCOUNTING ACCOUNTING POLICIES POLICIES
NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT NOTES TO NOTES TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31 AUGUST 31 AUGUST 2020 2020
Basis Basis of of preparing preparing the the financial financial statements statements The The charity charity constitutes constitutes a a public public benefit benefit entity entity as as defined defined by by FRS FRS 102. 102. The The financial financial statements statements have have been been prepared prepared in in accordance accordance with with Accounting Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of of Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicabie applicabJe in in the the UK UK and and Republic Republic of of tretand Ireland issued issued in in October October 2019, 2019, the the Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the United United Kingdom Kingdom and and Republic Repubtic of of Ireland Ireland (FRS (FRS 102), 102), the the Charities Charities Act Act 2011, 2011. and and UK UK Generally Generally Accepted Accepted
Accounting Accounting Practice, Practice.
The The financial financial statements statements have have been been prepared prepared to to give give a a ‘true 'true and and fair’ fair' view view and and have have departed departed from from the the Charities Charities (Accounts (Accounts and and Reports) Reports) Regulations Regulations 2008 2008 only only to to the the extent extent required required to to provide provide a a ‘true 'true and and fair fair view’. view'. This This departure departure has has involved involved following following the the Accounting Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of of Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicable appiicable in in the the UK UK and and Republic Republic of of Ireland Ireland issued issued in in October October 2019 2019 rather rather than than the the Accounting Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of of Recommended Recommended Practice Practice effective effective from from 1 April 1 April 2005 2005 which which has has since since been been withdrawn. withdrawn.
The The financial financial statements statements are are prepared prepared on on a a going going concern concem basis basis under under the the historical historical cost cost convention. convention. The The financial financial statements statements are are presented presented in in sterling sterling which which is is the the functional functional currency currency of of the the charity charity and and rounded rounded to to the the nearest nearest £. £.
The The significant stgnificant accounting accounting policies policies applied applied in in the the preparation preparation of of these these financial financial statements statements are are set set out out below. below. These These policies policies have have been been consistently consistently applied applied to to all all years years presented presented unless unless otherwise otherwise stated. stated.
Financial Financial reporting reporting standard standard 102 102 - • reduced reduced disclosure disclosure exemptions exemptions
The The charity charily has has taken taken advantage advantage of of the the following following disclosure disclosure exemptions exemptions in in preparing preparing these these financial financial statements, statements,
as as permitted pennitted by by FRS FRS 102 'The 102 "The Financial Financial Reporting Reporting Standard Standard applicable applicabie in in the the UK UK and and Republic Republic of of Ireland': Ireland’:
the the requirements requirements of of Section Section 7 7 Statement Statement of of Cash Cash Flows. Flows.
Income Income All All income income is is recognised recognised in in the the Statement Statement of of Financial Financial Activities Activities once once the the charity charity has has entitlement entitlement to to the the funds, funds, it it is is probable probable that that the the income income will will be be received received and and the the amount amount can can be be measured measured reliably. reliably.
Expenditure Expenditure
Liabilities Liabilities are are recognised recognised as as expenditure expenditure as as soon soon as as there there is is a a tegal legal or or constructive constructive obligation obligation committing committing the the charity charity to to that that expenditure, expenditure, it it is is probable probable that that a a transfer transfer of of economic economic benefits benefits will will be be required required in in settlement settlement and and the the amount amount of of the the obligation obligation can can be be measured measured reliably. reliably. Expenditure Expenditure is is accounted accounted for for on on an an accruals accruals basis basis and and has has been been classified classified under under headings headings that that aggregate aggregate all all cost cost related related to to the the category. category. Where Where costs costs cannot cannot be be directly directly attributed attributed to to particular particular headings headings they they have have been been allocated allocated to to activities activities on on a a basis basis consistent consistent w~h with the the use use of of resources. resources.
Grants Grants offered offered subject subject to to conditions conditions which which have have not not been been met met at at the the year year end end date date are are noted noted as as a a commitment commitment but but not not accrued accrued as as expenditure. expenditure. Grants Grants for for property property schemes schemes are are recognised recognised when when they they have have been been fully fully approved, approved, it it is is likely likely that that the the schemes schemes will will go go ahead ahead and and the the total total costs costs can can be be estimated estimated with with a a degree degree of of certainty. certainty. Tangible Tangible fixed fixed assets assets Tangible Tangible fixed fixed assets assets are are capllalised capitalised if if they they can can be be used used for for more more than than one one year, year, and and cost cost at at least least £1,000. £1,000. They They are are valued valued at at cost cost or or a a reasonable reasonable value value on on receipt. receipt. Provision Provision is is made made for for depreciation depreciation to to ensure ensure the the cost cost less less residual residual value value is is written written off off over over their their useful useful economic economic useful useful lives lives on on a a straight straight line line basis. basis.
The The useful useful lives lives of of fixed fixed assets assets are: are:
Plant and Plant and equipment equipment 4 4 years years Freehold Freehold property property 50 years 50 years
No No depreciation depreciation is is charged charged on on freehold freehold property property as as they they are are maintained maintained to to a a standard standard to to ensure ensure their their residual residual values values exceeds exceeds their their costs. costs.
Manses Manses are are classed classed as as freehold freehold property property whilst whilst their their intended intended jong long term term use use is is to to house house ministers. ministers. They They are are reclassified reclassified as as investment investment properties properties once once a a decision decision has has been been taken taken that that their their use use will will change change on on a a permanent permanent
basis basis from from housing housing ministers ministers to to being being rented rented out out to to generate generate income. income.
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NORTH BEDFORDSHIRE METHODIST CIRCUIT NORTH BEDFORDSHIRE METHODIST CIRCUIT NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS. continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 AUGUST 31 AUGUST2020 2020continued
4. 1. ACCOUNTING ACCOUNTING POLICIES. POLICIES - continued continued
Taxation Taxation
The The charity charity is is exempt exempt from from tax tax on on its its charitable charitable activities. activities.
Fund Fund accounting accounting
Unrestricted Unrestricted funds funds can can be be used used in in accordance accordance with with the the charitable charitable objectives objectives at at the the discretion discretion of of the the trustees. trustees.
The The Circuit Circuit Model Model Trust Trust Fund Fund has has wide wide purposes purposes defined defined in in Standing Standing Orders Orders and and is is categorised categorised as as unrestricted unrestricted
and and is is therefore therefore shown shown as as a a material material designated designated fund. fund. : Restricted Restricted funds funds can can only only be be used used for for particular particular restricted restricted purposes purposes within within the the objects objects of of the the charity. charity. Restrictions Restrictions ‘arise arise when when specified specified by by the the donor donor or or when when funds funds are are raised raised for for particular particular restricted restricted purposes. purposes.
Further Further expfanation explanation of the of the nature nature and and purpose purpose of each of each fund fund is is included included in the in the notes notes to to the the financiai financial statements. statements.
Pension Pension costs costs and and other other post-retirement post •••••tirement benefits benefits aa
Retirement Retirement benefits benefits to to presbyters presbyters are are provided provided by by the the Methodist Methodist Ministers Ministers Pension Pension Scheme Scheme (MMPS). (MMP%S).. This This is is a a defined defined benefit benefit scheme scheme and and the the assets assets are are held held separately separately from from those those of of the the Circuil. Circuit.
Presbyters Presbyters are are not not legatly legally employed employed by the by the Circuit Circuit but but they they are are treated treated as as employed employed by by the the Methodist Methodist Connexion Connexion with with their their total total remuneration remuneration being being charged charged to to the the Circuit Circuit only only whilst whilst they they are are stationed stationed within within it. il. The The MMPS MMPS is is therefore therefore treated treated as as a a defined defined contribution contribution scheme scheme and and the the contributions contributions recognised recognised as as they they are are paid paid each each period. period. ,
The The Circuit Circuit operates operates a defined a defined contribution contribution pension pension scheme scheme for for all all other other employees. employees. Contributions Contributions payable payable to to this this are are charged charged to to the the Statement Statement of of Financial Financial Activities Activities in in the the period period to to which which they they relate. relate.
Debtors Debtons and and creditons creditors receivable/payable receivable/payable within within 1 1 year year Debtors Debtors and and creditors creditors with with no no stated stated interest interest rate rate and and receivable receivable or or payable payable within within one one year year are are recorded recorded at at transaction transaction price. Any price. Any losses losses arising arising from from impairment impairment are are recognised recognised in in expenditure. expenditure.
Judgements Judgements ;
No No judgements judgements (apart (apart from from those those involving involving estimates) estimates) have have been been made made in in the the process process of of applying applying the the above above accounting accounting policies. policies.
Going Going concem concern The The financial financial statements statements have have been been prepared prepared on on a a going going concern concern basis basis as as the the trustees trustees believe believe that that no no material material uncertainties uncertainties exist. exist. The The trustees trustees have have considered considered the the ievel level of of funds funds held held and and the the expected expected level ievel of of income income and and expenditure expenditure for for 12 12 months months from from authorising authorising these these financial financial statements. statements. The The budgeted budgeted income income and and expenditure expenditure is is sufficient sufficient with with the the level level of of reserves reserves for for the the charity charity to to be be able able to to continue continue as a as a going going concern. concern.
DONATIONS DONATIONS AND AND LEGACIES LEGACIES
3. 3.
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||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|31.8.20|31.8.20|31.8.19|31.8.19|
|£|£|£|£|
|Gifts|Gifts|;|~|-|~|596|596|
|OTHER|OTHER TRADING|TRADING|ACTIVITIES|ACTIVITIES|
|31.8.20|31.8.20|31.8.19|31.8.19|
|£|£|£|£|
|Income|Income|from|from|photocopying|photocopying|.|.|79|79|-|
|Rental|Rental|income|income from|from|manse|manse|not|not required|required|in|in|the|the|short|short|term|term|;|23,018|23,018|15,215|15,215|
|23,097|15,215|
|:|23,097|7|=|15,215|
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS. - continued continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
----- Start of picture text -----
4. 4. INVESTMENT INVESTMENT INCOME INCOME
. : . 31.8.20 318.20 £ £ 31.8.19 .31.8.19 g £
Dividend Dividend income income . 545 545 818 818
Deposit Deposit account account interest interest 4,091 4,091 4,213 4,213
, 4,636 4,636 5,031 5,031
5. 5. INCOME INCOME FROM FROM CHARITABLE CHARITABLE ACTIVITIES ACTIVlT1ES
; . 34.8.20 31.8.20 31.8.19 31.8.19
Activity £ £
Circuit Circuit share share offers offers Activity Work Work of the of the Circuil Circuit 408,419 4081419 £ 417,476 417,476 £
6. 6. RAISING RAISING FUNDS" FUNDS ;
Other Other trading trading activities activities :
; . 31.8.20£ 31.8.19£
Costs Costs associated associated with with letting letting out out the the manse manse : 8,831 5,369
7. 7. CHARITABLE CHARITABLE ACTIVITIES ACTIVITIES COSTS COSTS
Grant
, : funding of
Direct (seeactivitiesnote costsSupport(see ©
Costs 8) note 9). Totals
£ £ £ £
Work Work of of the the Circuit Circuita 436,192 _ 710 1,788 438,690
8. 8. GRANTS GRANTS PAYABLE PAYABLE
31.8.20 31.8.20 31.8.19 31.8.19
£ £ £ £
Work Work of the of the Circuil Circuit . - 710 710 ~ 2,850
The The total total grants grants paid paid to to institutions institutions during during the the year year was was as as follows: follows: .
31.8.20 31.8.20 ‘31.8.19 31.8.19
: £ £ £ £
Property Property schemes schemes : 860 860 2,250 2,250
Other Other external external grants grants . - ~ 600 600
Mission Mission (300) .. (300) -
' ~ 560 2,850 2,850
=
----- End of picture text -----*
Grants Grants are are paid paid oul out of of the the Circuit Circuit Model Model Trusl Trust Fund. Fund.
Page Page 17 17 continued... continued ...
NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS. - continued continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 AUGUST 31 AUGUST 2020 2020
| 9. 9. |
SUPPORT COSTS SUPPORTCOSTS |
||
|---|---|---|---|
| Governance costs Governance costs |
|||
| £ £ |
|||
| Work of the Circuit Work ofthe Circuit |
1,788 1,788 |
||
| 10. 10. |
INDEPENDENT EXAMINER'S' REMUNERATION Independent Examiner's fee INDEPENDENTEXAMINER’S’ REMUNERATION IndependentExaminer'sfee |
31.8.20 £ 1,788 31,8.20 £ 1,788 |
31.8.19 £ 1,800 31.8.19 £ 1,800 |
11. 41. TRUSTEES' TRUSTEES’ REMUNERATION REMUNERATION AND AND BENEFITS BENEFITS
Presbyters Presbyters and and Deacons Deacons (ministers) (ministers) are are automatically automatically members members of of the the circuit circuit meeting meeting and and are are therefore therefore trustees. trustees. All All ministers ministers receive receive remuneration remuneration by by way way of of a a standard standard stipend stipend which which is is approved approved at at The The Methodist Methodist Conference Conference
on on an an annual annual basis. basis. Superintendent Superintendent Ministers Ministers also also receive receive an an allowance allowance of of 7.5% 7.5% of of the the standard standard stipend. stipend. ,
No No other other trustees trustees received received any any remuneration. remuneration.
Trustees'expenses Trustees’ expenses
Presbyters Presbyters and and the the Circuit Circuit Outreach Outreach Development Development Enabler Enabler are are reimbursed reimbursed for for their their travel travel and and subsistence subsistence whilst whilst
carrying carrying out out their their duties. duties. This This includes includes to to and and from from meeting meeting in in their their capacity capacity as as trustees. trustees.
During During the the year year the the Circuit Circuit paid paid expenses expenses to to 3 3 (2019: (2019: 2) 2) trustees trustees in in addition addition to to the the above. above .
-
- STAFF STAFF COSTS COSTS
The The use use of of the the word word staff staff should should be be taken taken to to include include both both Presbyters Presbyters and and Deacons Deacons who who are are legally legally not not
employees employees but but office office hoiders. holders. Whilst Whilst their their relationship relationship is is technically technicaily with with God God and and the the Connexion, Connexion, their their stipends stipends are are funded funded from from Circuit Circuit funds. funds.
The The Circuit Circuit Mission Mission Development Development Enabler Enabler received received remuneration remuneration for for services services done done in in this this post post rather rather than than for for
being being a a trustee. trustee.
| being a trustee. beinga trustee. |
being a trustee. beinga trustee. |
|||
|---|---|---|---|---|
| The average monthly number of employees during The average monthly numberofemployeesduring |
the year was as follows: theyearwas as follows: |
|||
| 31.8.20 31.8.20 |
31.8.19 31.8.19 |
|||
| Ministers Administrative support Circuit Mission Development Ministers Administrative support Circuit Mission Development |
Enabler Enabler |
8 2 ___ 1 6 2 1 |
7 2 __ 1 7 2 4 |
|
| , | 9 | 10 10 |
||
| = |
No No employees employees received received emoluments emoluments in in excess excess of of £60,000. £60,000.
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS - - continued continued FOR FOR THE THE YEAR ENDED YEAR ENDED 31 31 AUGUST AUGUST 2020 2020
|13.
COMPARATIVES
FOR THE
INCOME
AND
ENDOWMENTS
FROM
Donations and legacies
Charitable
activities
Wor!< of the Circuit
Other trading activities
13.
|COMPARATIVESFORTHESTATEMENT
INCOMEAND
ENDOWMENTSFROM
Donations and legacies
Charitable activities
Work ofthe Circuit
Othertrading activities|STATEMENT
OF FINANCIAL
ACTIVITIES
Unrestricted
Restricted
Endowment
Tolal
funds
CMTF
funds
fund
funds
£
£
£
£
£
596
596
417,476
417,476
15,215
15,215
STATEMENTOF FINANCIALACTIVITIES
Unrestricted
Restricted
Endowment
Total
funds
CMTF
funds
fund
funds
£
£
£
£
£
:
-
-
§96
-
596
417,476
-
-
-
417,476
45,215
-
-
-
15,215|
|---|---|
|Investment income
Tolal
EXPENDITURE
ON
Raising funds
Charitable
activities
Wor!< of the Circuit
Total
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Workofthe Circuit
Total|1,958
3,073
5,031
434,649
3,073
596
438,318
5,369
5,369
412,012
36,769
448,781
417.381
36,769
454,150
1,958
3,073
-
-
§,031
434,649
3,073
596
-
438,318
5,369
-
-
-
§,369
412,012
36,769
-
-
448,781
417,381
36,769
-
-
454,150|
|Net gains on investments
NET
INCOME/(EXPENDITURE)
RECONCILIATION
OF
FUNDS
Total
funds
brought
forward
TOTAL
FUNDS
CARRIED
Netgains on investments
NET
INCOME/(EXPENDITURE)
RECONCILIATION OF
FUNDS
Total fundsbrought
forward
TOTAL FUNDS CARRIED|175
162
337
17,268
(33,521)
596
162
(15,495)
2,455,486
366,141
725
13,061
2,825,413
-
175
>
162
337
17,268
(33,521)
596
162
(15,495)
2,455,486
356,141
725
13,064
2,825,413|
|FORWARD
FORWARD|2,472,754
322,620
1,321
13,223
2,809,918
2,472,754
322,620
1,321
13,223
2,809918|
Page Page 19 19
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS. continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST- 2020 2020 continued
14. 14. TANGIBLE TANGIBLE FIXED FIXED ASSETS ASSETS
| TANGIBLE FIXED ASSETS TANGIBLE FIXEDASSETS |
|||
|---|---|---|---|
| Fixtures Fixtures |
|||
| Freehold property £ Freehold property £ |
and fittings £ and. fittings £ |
Totals £ Totals £ |
|
| COST COST |
|||
| At 1 September 2019 Disposals At 31 August 2020 DEPRECIATION At 1 September 2019 Eliminated on disposal At 31 August 2020 NET BOOK VALUE At 31 August 2020 At 31 August 2019 At 1 September2019 Disposals At 31 August 2020 DEPRECIATION At 1 September2019 Eliminated on disposal At31 August2020 NETBOOKVALUE At31 August2020 At31August2019 |
2,252,662 2,252,662 2,252,662 2,252,662 2,252,662 - 2,252,662 - - - 2,252,662 2,252,662 |
1,667 (479) 1,188 1,667 (479) 1,188 1,667 (479) 1,188 1,667 (479) 1,188 - - |
2,254,329 (479) 2,253,850 1,667 (479) 1,188 2,252,662 2,252,662 2,254,329 (479) 2,253,850 1,667 (479) 1,188 2,252,662 2,252,662 |
The The Trustees Trustees for for Methodist Methodist Purposes Purposes act act as as Custodian Custodian Trustees Trustees holding holding the the title title to to the the eight eight properties properties (Manses) (Manses) in in which which the the Ministers Ministers five. live.
15. 15. FIXED FIXED ASSET ASSET INVESTMENTS INVESTMENTS
| FIXED ASSET INVESTMENTS FIXEDASSETINVESTMENTS |
|
|---|---|
| MARKET VALUE At 1 september 2019 Revaluations At 31 August 2020 NET BOOK VALUE At 31 August 2020 MARKETVALUE At 1 September 2019 Revaluations At 31 August2020 NET BOOKVALUE At31 August2020 |
Listed investments £ 27,511 ~) 27,026 Listed investments £ 27,511 (485) 27,026 27,026 |
| At 31 August 2019 At 31 August2019 |
27,511 = 27,511 |
There There were were no no investment investment assets assets outside outside the the UK. UK.
included Included in in Fixed Fixed Asset Asset Investments Investments is is an an amount amount of of £12,990.10 £12.990.10 (2019: (2019: £13,223) £13,223) representing representing two two Endowment Endowment Funds Funds both both of of which which are are invested invested in in the the TMCP TMCP Mixed Mixed Managed Managed Fund. Fund.
16. 16. DEBTORS DEBTORS
| Amounts falling due within one year: Trade debtors Other debtors Amounts fallingdue withinone year: Trade debtors Otherdebtors |
31.8.20 £ 4,608 20,176 24,784 31.8.20 £ 4,608 20,176 24,784 |
31.8.19 £ 287 26,436 31.8.19 £ 287 26,436 26,723 |
|---|---|---|
Page Page 20 20 continued... continued ...
NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS. STATEMENTS- continued continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
16. DEBTORS. continued 16. | DEBTORS - continued
31.8.20 31.8.20 31.8.19 31.8.19 £ £ £ £ Amounts Amounts falling falling due due after after more more than than one one year: year: Other Other debtors debtors ~~10,750~~ 10,750 15,500 Aggregate Aggregate amounts amounts =35,534 35,534 42,223
Other Other debtors debtors includes includes £10,750 £10,750 (2019: (2019: £15,500) £15,500) of 01 loans loans to to 3 3 (2019:3) (2019:3) churches churches to to enable enable them them to to carry cany out out
property property schemes. schemes. None None have have fixed fixed repayment repayment terms terms except except that that they they are are interest interest free free and and must must be be paid paid in in full full within within five five years years of 01 draw draw down. down. Repayments Repayments 01£4,750 of £4,750 (2019: (2019: £2,500) £2,500) were were received received during during the the year. year.
Page Page 21 21
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT
NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS" - continued continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2020 2020
18. MOVEMENT IN FUNDS. continued _ 18. MOVEMENT IN FUNDS- continued Comparatives Comparatives for for movement movement in in funds funds
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Net|
|:|movement|movement|At|At|
|At|At|1.9.48|1.9.18|in|in|funds|funds|34.8.19|31.8.19|
|£|£|£|£|£|£|
|Unrestricted|Unresbicted|funds|funds|:|
|General|General|fund|fund|2,427|2,427,486|486|17,268|17,268|2,444,754|2,444,754|
|Circuit|Circuit|Modei|Model|Trust|Trust|Fund|Fund|356,141|356,141|(33,521)|(33,521)|322,620|322,820|
|Manse|Manse|repair|repair|costs|costs|28,000|28,000|_|-|28,000|28,000|
|2,811,627|2,811,627|(16,253)|(16,253)|2,795,374|2,795,374|
|Restricted|Restricted|funds|funds|
|Circuit|Circuit|training|training|fund|fund|;|725|725|596|596|1,321|1,321|
|Endowment|Endowment funds|funde|.|
|Endowment|Endowment|Fund|Fund|13,061|13,061|162|162|13,223|13,223|
|TOTAL|TOTAL FUNDS|FUNDS|.|2,825,413|2,825,413|(15,495)|(15,495)|2,809,918|2,809,918|
----- End of picture text -----
Comparative Comparative net net movement movement in in funds, funds, included included in in the the above above are are as as follows: follows:
----- Start of picture text -----
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Incoming|Resources|Resources|Gains|Gains|and|and|Movement|Movement|
|resources|resources|expended|expended|losses|losses|in|in|funds|funds|
|£|£|£|£|£|£|£|£|
|Unrestricted|Unrestricted|funds|funds|:|
|General|General|fund|fund|434,649|434,649|(417,381)|(417,381)|-|17,268|17,268|
|Circuit|Circuit|Model|Model|Trust|Trust|Fund|Fund|3,073|3,073|(36,769)|(36,769)|175|175|(33,521)|(33,521)|
|437,722|437,722|(454,150)|(454,150)|175|175|(16,253)|(16,253)|
|Restricted|Restricted|funds|funds|
|Circuit|Circuit|training|training|fund|fund|-|596|596|-|-|596|596|
|,|
|Endowment|Endowment funds|funds|.|
|Endowment|Endowment|Fund|Fund|-|-|162|162|162|162|
|TOTAL|TOTAL FUNDS|FUNDS|438,318|438,318|(454,150)|454,150)|337|(15,495)|(15,495)|
----- End of picture text -----
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS - continued
FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST-2020 2020 continued
18. 18. MOVEMENT MOVEMENT IN IN FUNDS FUNDS - - continued continued
A A current current year year 12 12 months months and and prior prior year year 12 12 months months combined combined position position is is as as follows: follows:
----- Start of picture text -----
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|:|Net|Net|
|movement|movement|At|At|
|.|:|At|At|1.9.18|1.9.18|in|in|funds|funds|31.8.20|31.8.20|
|£|£|£|
|Unrestricted|Unrestricted|funds|funds|£|£|£|
|General|General|fund|fund|2,427,486|2,427,486|,|33,328|33,328|2,460,814|2,460,814|
|Circuit|Circuit|Mode!|Model|Trust|Trust|Fund|Fund|;|356,141|356,141|(61,202)|(61,202)|294,939|294,939|
|Manse|Manse|repair|repair|costs|costs|.|28,000|28,000|i|28,000|28,000|
|2,811,627|2,811,627|(27,874)|(27,874)|2,783,753|2,783,753|
|Restricted|funds|
|Restricted funds|
|Circuit training|Circuit|training|fund|fund|725|725|596|596|1,321|1,321|
|Endowment|Endowment|funds|funds|
|Endowment|Fund|13,061|(71 )|12,990|
|Endowment Fund|13,061|(71)|42,990|
|TOTAL|FUNDS|2,825,413|(27,349)|2,798,064|
|TOTAL FUNDS|2,825,413|(27,349)|2,798,064|
----- End of picture text -----
A A current current year year 12 12 months months and and prior prior year year 12 12 months months combined combined net net movement movement in in funds, funds, included induded in in the the above above are are as as follows: follows:
----- Start of picture text -----
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Incoming|Resources|Resources|Gains|Gains|and|and|Movement|Movement|
|:|resources|resources|expended|expended|losses|losses|in|in|funds|funds|
|£|£|£|£|£|£|£|£|
|Unrestricted|Unrestricted|funds|funds|
|General|General|fund|fund|868,243|868,243|(834,915)|(834,915)|-|33,328|33,328|
|Circuit|Circuit|Model|Model|Trust|Trust|Fund|Fund|5,631|§,631|(66,756)|(66,756)|(77)|(77)|{61,202)|(61,202)|
|Restricted|Restricted|funds|funds|;|873,874|873,874|(901,671)|(901,671)|(77)|(77)|(27,874)|(27,874)|
|Circuit|Circuit training|training|fund|fund|596|596|-|-|596|596|
|,|
|Endowment|Endowment funds|funds|
|Endowment|Endowment|Fund|Fund|-|(71)|{71)|~|74)|(71)|
|TOTAL|TOTAL|FUNDS|FUNDS|874470|874,470|(901,671)|(901,671)|(148)|(148)|(27,349)|27,349)|
----- End of picture text -----
Details Details on on agreed agreed expenditure expenditure from from the the Circuit Circuit Model Model Trust Trust Fund Fund can can be be found found within within the the Other Other Financiai Financial Commitments Commitments note note to to these these financial financial statements. statements.
19. 19. OTHER OTHER FINANCIAL FINANCIAL COMMITMENTS COMMITMENTS
The The Circuit Circuit have have agreed agreed the the following following future future expenditure expenditure from from it's ifs Circuit Circuit Modet Model Trust Trust Fund Fund as as at at the the year year end end
. 2020 2020 2019 2019 ; t: E. ; £ t: Circuit Circuit Mission Mission Development Development Enabler Enabler - , 13,136 13,136
.Page Page 23 23
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NORTH NORTH BEDFORDSHIRE BEDFORDSHIRE METHODIST METHODIST CIRCUIT CIRCUIT NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS. continued FOR FOR THE THE YEAR YEAR ENDED ENDED 31 AUGUST 31 AUGUST2020 2020continued
20. 20. RELATED RELATED PARTY PARTY DISCLOSURES DISCLOSURES
Transactions Transactions between between the the Circuit Circuit and and its its member member churches churches The The Circuit Circuit received received share share offers offers of of £408,419 £408,419 (2019: (2019: £417,476) £417,476) from from the the churches churches within within the the circuit. circuit. The The Circuit Circuit awarded awarded grants 9rants totalling totalling £860 £860 (2019: (2019: £2,250) £2,250) for for property property schemes schemes and and received received £300 £300 back back from from a a church church who who had had not not used used their their Light Li9ht Up Up 9rant. grant.
They They also also continued continued to to be be repaid repaid loans loans previous previous granted granted to to churches. churches. see See debtors debtors note note for for details details of of repayments. repayments.
Transactions Transactlons between be_n the the Circuit Circuit and and the tha Beds, Beds, Essex Essex and and Herts Herts Distric1 District (BEH). (BEH). The The Circu~ Circuit paid paid BEH BEH £16,831 £16,834 (2019: (2019: £16,690) £16,690) in in district district assessment. assessment. They They also also paid paid them them £13.897 £13,897 (2019: (2019: £16,749) £16,749) by by way way of of levies levies on on the the net net sale sale of of properties properties and and or or the the balance balance on on monies monies held held in in the the Circuit Circuit Model Model Trust Trust Fund Fund at at start start of of the the financial financial year.. year..
Transactions Transactions between between the the Circuit Circuit and and Connexion Connexion The The Circuit Circuit paid paid Connexion Connexion £68,757 £68,757 (2019: (2019: £72,246) £72,246) in in assessment assessment which which is is collected collected by by BEH. BEH.
21. 21. POST POST BALANCE BALANCE SHEET SHEET EVENTS EVENTS
Following Following government government guidelines guidelines as as a a result result of of Covid-19 Covid-19 churches churches across across the the circuit circuit began began to to open open for for face face to to face face worship worship and and mid mid week week activities. activities.
All All circuit circuit meetings, meetings, including including staff, staff, steward steward and and mission mission stream stream meetings meetings continued continued to to be be done done remotely remotely using using Zoom. Zoom.
Following Following Bedfordshire Bedfordshire being being put put in in Tier Tier 4 4 on on 20 20 December December 20, 20, a a decision decision was was taken taken that that churches churches within within the the circuit circuit should should not not be be open open for for face face to to face face worship, worship, although although permitted permitted by by national national government government and and Connexion, Connexion, until the unti] the Circuit Circuit leadership Leadership Team Team felt felt it was it was appropriate appropriate for for individual individual church church councils councils to to decide decide when when to to reopen. reopen. This This was was in line in tine with with locat local government government advice advice when when considering considering local local risk due risk due to the to the Coronavirus. Coronavirus.
A A part part time time safeguarding safeguarding officer officer was was appointed appointed from from 1 November 1 November 20. 20.
A A review review of of all all manses manses was was undertaken undertaken by by the the manse manse committee committee where where they they considered considered each each individual individual manse manse agents agents criteria criteria laid laid down down in in the the CPO CPD for for minimum minimum requirements, requirements, the the outline outline circuit circuit strategy strategy as as agreed agreed in in September September 20 20 and and past past and and expected expected maintenance maintenance requirements. requirements. The The finding finding were were reviewed reviewed by by the the circuit circuit stewards stewards who who agreed agreed that, that, in in line line with with the the approved approved circuit circuit strategy, strategy, Oakley Oakley manse manse would would be be sold. sold, the the Putnoe Putnoe manse manse would would be be rented rented out out from from 1 1 September September 21and 21and anew anew manse manse would would be be purchased purchased in the in the are are Biddenham Biddenham or or Great Great Denham Denham area. area. The The search search has has been been successful successful and and a a new new build build is is being being purchased purchased for for a a valuate valuate of of £564,995 £564,995 in in Biddenham, Biddenham, completion completion date date expected expected at at the the end end of of May May 21. 21. The The Strategy Strategy WOrking Working Group Group has has continued continued to to review review the the outline outline plan plan (strategy) (strategy) and and in in particular particular ways ways on on how how team team working working and and lay lay pastoral pastoral leadership leadership could could be be implemented implemented across across the the circuit for effectively. circuit for effectively.
-
- FUNDS FUNDS RECEIVED RECEIVED AS AS AGENT AGENT During During the the year year the the Circuit Circuit received received funds funds from from 18 18 (2019: (2019: 16) 16) churches churches within within the the Circuit Circuit amounting amounting to to £11,837.08 £11,837.08 (2019: (2019: £11,545) £11,545) which which were were fully fully paid paid over over to to other other Connexional Connexional funds. funds. It also It also received received offertory offertory of of £208.26 £208.26 which which was was collected collected during during the the Advent Advent service service for for All All We We Can. Can.
Page Page24 24