2023-08-31-accounts - The North Bedfordshire Methodist Circuit

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			Page
Report of the Trustees			to	9
Report of the Independent Auditors		10	to	11
Statement of Financial Activities		12	to	13
Balance Sheet		14	to	15
Cash Flow Statement		16
Notes to the Financial Statements		t7	to	26
Detailed Statement of Financial	Activities	27	to	28

OBJECTIVES AND ACTIVITIES	OBJECTIVES AND ACTIVITIES
Objectives and alms
The purposes ofthe Methodist Church are and shall bedeemed to have been since the		date	of union the advancement of:
	The Christian faith in accordance with the doctrinal standards and the discipline	ofthe Methodist		Church
	Any charitable purpose forthe time being of any Connexional, District, Circuit,	local	orother organisation			ofthe	Methodist
	Church
	Any charitable purpose for the time being of any society or institution or subsidiary		or ancillary	tothe	Methodist		Church;
	Any purpose for the time being of any charity being a charity subsidiary or ancillary		to the Methodist		Church.
In setting	our objectives and planning our activities the Circuit has given careful consideration		tothe Charity Commission's					general
guidance	on public benefit and in particular to its supplementary public benefit guidance on advancing			our	objectives		as	set	out
above.
The calling ofthe Methodist Church isto respond to the Gospel of God's love in Christ and to live out its				discipleship		in worship			and
mission.	We will use the Circuit's resources to:
	Increase awareness ofGod's presence and celebrate God's love;
	Help people to grow and learn as Christians through mutual support and care;	Bea	good neighbour		to people in need and
	challenge injustice;
	Make more foffowers ofChrist.
In aff ofthe above we will seek towork ecumenically wherever possible. We will follow the Holy Spirit who is calling						us to:
	LOVE God with aff our heart, soul, mind, and strength;
	LOVE one another, asJesus loved his followers, ; LOVE aff others, even enemies, as God does and;
	be DISCIPLES OFJESUS,becoming like Christ. behaving like Christ, bringing	others to meet		and follow		Christ	working
	for GOD'S KINGDOM that God's will be done in the Church, and on earth for	all, as it is in heaven.
We seek	to put our Mission Statement into action in the following ways:
	Resourcing worship in each church, as required, week by week and also by worshipping together as awhole Circuit to
	celebrate particular special occasions within the Circuit;
	Exercising ministry ecumenically with a number of ministerial colleagues from	other denominations			with whom		we	are	in
	partnership to varying degrees;
	Involving Supernumerary (retiredI ministers in leading worship and other aspects ofCircuit life			as far as they wish				and	as
	their circumstances permit;
	Continuing partnerships with Methodist charities and other agencies and charities;		Supporting	chaplaincy		within	the MHA
	Care Homes within the Circuit;
	Providing regular cornrnun ication ofuseful information and links on relevant issues:
	Providing practical and prayer support tochurches to enable them toresource	their	local mission.

Trustees	Trustees	Trustees	Trustees
The Circuit Meeting comprises the following				trustees	and non-voting	members.
Circuit Ministers
Rev Michael Giles - Superintendent			Minister	and chair of Circuit meetings
Rev Lorna Valentine
Rev Silas Wood (Deputy Superintendent
Rev Chris Sandy (from 01/09/2021)
Rev Leslie Noon (from 01/09/2022)
Circuit Stewards
Michael Carr
Nicholas Guy
Jane McVey
Alan Davis to 31/01/2024)
Philip Timms
Christina Sawkins (nee Costin Webb)
Circuit Finance Steward
Alan Davis (from 01/09/2022-		11/06/2023)
Michael Carr (from 12/06/2023)
Circuit Property Steward
Richard Ward (non voting member)
Circuit Safeguarding Officer
Stephanie Field
Circuit Meeting Secretary
Mary Millar to (11/06/2023)
Replaced by Anne Cooper	as Circuit		Meeting	Minute	Taker.
Local Preacher Meeting	Secretary
Janet Watts
Supernumerary Ministers
Rev Casa Howes
Rsv Julie Bradshaw
Methodist Ministers resident		in Circuit District
Synod Representatives	(DSR)
Maryan Pateman
to 14/02/2024
Jenny Snelson
Roz Addington
John Caves (to31/08/2023)
Margaret Byass from
01/09/2023
Church Representagives
Ampthflb' to 31/trd/2023
Brian Kerr (to 14/03/2022	to
31/08/2023)
Patsy Aston (to 31/08/2023)
Ann Jones (from 14/03/2022 to
31/08/2023)
Debbie Bushman (from 08/03/2021			to 31/08/2023

					REPORT OFTHE TRUSTEES	REPORT OFTHE TRUSTEES
				FOR	THE YEAR ENDING	31AUGUST 2023
Beeston
Sonia Butler
Jennifer Sutdiffe
Cynthia Dent (to31/10/2023)
Mary Migar (from 01/11/2023)
Ciaphem
Rosemary Isaacs
Helen Gadsden
Carolyn Maynard
Clophig to 31/Dgr2023
Anne Cooper (to31/08/2023)
John Errick (to 31/08/2023)
Fraser Wood (to31/08/2323)
Flltwick to3f/SV2023
Angela Brydon (to	31/08/2023)
Margaret Olney (from 01/11/2022 to			31/08/2023)
Anne Foley (from	15/02/2023 to 31/08/2023)
Qreenssnd Community		hfethodlst	Church	(Amptrff/Cfophill/Ritwickj		from 01/00/23
Patsy Aston
Margaret Byass
Mervyn Barden
Glennis Barden
Margaret Braybrook
Hen/ow
Susan Watson
Brenda Ballantine
Pat Larman (to09/03/2023)
Howard Memorial	Church (Conflngton)
Ruth Caves
Ken Oliver
Kempeton Eeet
Roger Skipper
Rosemary Simms
Barbara Tipping
Julia Constant
Kempeton West
Peter Smith
Lynda Smith
Jean Preayman
Langiord
Jenny Broadbridge
Gwen Arnott
Stephanie Barker
Lldllngton LEP
Tim Mason
Joseph Peaff to
31/08/2023
Jeff Bulled (from August		2023)
London Road
Andrew Constant
John Caves (DSR	to31/08/2023
Courtney Aims
					Page 7

					REPORT OFTHETRUSTEES
					FOR THE YEAR ENDING 31AUGUST 2023
Ezekiel Kumar	—	non voting member		from	01/09/2023
Oakley
Jeanette Letch
Graham Follelt
Noel Evans (to	01/04/2023)
Olive Kirkrnan	(to 01/02/2024)
Ruth Johnson	(to 31/05/2022)
Paul Lowe (to 31/08/2023)
Janice Skerman		(from 25/10/2022)
Carman Rowe
Keith Gaunt
Liz LiNe (to 21/02/2023)
Lynne Gound (to		29/02/2024)
Pufnoe Heights
Jenny Snelson
Sue Allen
Andrew Dennison
Sandy
David Germany
Andrea Thorpe	(to 08/02/2023)
Jenny Endersby		(from 08/02/2023)
Jane Germany
Shembrook
Mike Bonney
David Barnes
Marian Blyth
Mairi Perks
Andi Pepper
Derek Willows (to 31/05/2022)
Joe Pepper from		07/07/2022
Stewertby
Elaine Sullivan	-	Non voting member
Trinity (S/gg/eswsde)
Owen Williams
David Harrison
Heather Harrison
Upper Ca/decote
Kirn Curtis
Jon Payne
Sandra Payne	(frcm 1 September		21)
Writing ton
Keith Lilley
Paul Phipp
Jeanette Pearce
Iyootton
Thea Lea (to 22nd April 2023)
Brian Addington		(frcm 1August 22)
Roz Addington

				Unrestricted		Restricted
			Notes	fundsf	CMTF F	funds 6
INCOME AND ENDOWMENTS		FROM
Charitable activities
Work ofthe Circuit				325,821
Other trading activities				43,330
Investment income				10,166	13,648
Other income				130,779	756,269	71
Total				510,096	769,917	71
EXPENDITURE ON
Raising funds				22,636
Charitable activities
Work ofthe Circuit				406,988	274,531	200
Total				429,624	274,531	200
Net gains/(losses)	on investments			29,352	(661)
NET INCOME/(EXPENDITURE)				109,824	494,725	(129)
Transfers between	funds		18	106,828	(106,828)
Net movement in	funds			216,652	387,897	(129)
RECONCILIATION	OF FUNDS
Total funds brought	forward		12	3,698,614	365,701	1,221
TOTAL FUNDS CARRIED FORWARD				3,915,266	753,598	1,092

						31.08.23	31.08.22
					Endowment	Total	Total
					funds	funds	funds
				Notes	5	8
INCOME AND ENDOWMENTS			FROM
Charitable activities
Wed' ofthe Circuit						326,821	345,465
Other trading activities						43,330	33,019
Investment income						23,814	3,845
Other income						887,119	586,724
Total						1,280,084	969,053
EXPENDITURE ON
Raising funds						22,636	8,214
Charitable activities
Work ofthe Circuit						681,719	376,915
Total						704,355	385,129
Net gains/(losses)	on investments				f612)	28,079	568,563
NET INCOME/(EXPENDITURE)					(512)	603,808	1,152,487
Transfem between		funds		18
Net movement In	funds				(612)	603,808	1,152,487
RECONCILIATION		OF FUNDS
Total funds brought		forward		12	14,409	4,079,945	2,927,458
TOTAL FUNDS CARRIED FORWARD					13,797	4,683,763	4,079,945

		Unrestricted		Restricted
		funds	CIVITF	funds
	Notes	6	6	6
FIXEDASSETS
Tangible assets	13	2,183,741
Investments
Investmenh	14	133,100	14,908
Investments property	15	1,429,400
Total		3,746,241	14,908
CURRENT ASSETS
Debtors	16	20,435	6,666
Cash at bank		248,758	732,200	1,092
Total		269,193	738,866	1,092
CREDITORS
Amounts falling due within one year		(I00,168)	(176)
NET CURRENT ASSETS		169,025	738,690	1,092
TOTAL ASSETS LESSCURRENT LIABILITIES		3,915,266	753,598	1,092
NET ASSETS		3,915,266	753,598	1,092

			31.08.23	31.08.22
		Endowment	Total	Total
		funds	funds	funds
	Notes	f	5	6
FIXEDASSETS
Tangible assets	13		2,183,741	2,183,213
Investments
Investments	14	13,797	161,805	32,133
Investments property	15		1,42$i400	1,400,000
Total		13,797	3)774y946	3515346
CURRENT ASSETS
Debtors	16		27,101	41,322
Cash st bank			982,050	514,893
Total			1,00$,151	556,215
CREDITORS
Amounts falling due within one year	17		(100,344)	(91,515)
NET CURRENT ASSETS			908,807	464,599
TOTAL ASSETS LESSCURRENT LIABILITIES		13,797	4,683,763	4,079,945
NET ASSETS		13,797	4,883,753	4,079,945
FUNDS
Unrestricted funds	13		4,668,864	4,064,315
Restricted funds			1,092	1,221
Endowment funds	14		13,797	14,409
NET ASSETS			4,683,753	4,079,945

				31.08.23	31.08.22
			Notes		2
Cash flows from operating	activities
Cash generated from operations			21	(314,966)	(11,008)
Total				(314,868)	(11,008)
Cash flows from investing	activMes
Purchase oftangible fixed assets				(782)	(525,442)
Sale oftangible fixed assets				766,268	1,078,771
Interest received				22,886	3,442
Net cash provided by/(used	in) investing	activities		778,373	555,771
Cash flows from financing	activities
Repayment of loans made to Repayment of loans received				4,750 (1,000)	3,500 (240,000)
Total				3,760	(236,500)
Change in cash and cash	equivalents	in
the reporting period				467,167	309,263
Cash and cash equivalents	atthe
beginning ofthe reporting	period			614,863	205,630
Cash and cash equivalents repodlilg period	atthe end	ofthe		982,050	514,893

3.	INVESTMENT INCOME
					31.0823	31.08.22
						f
	Dividend income				918	403
	Deposit account interest				22,896	3,442
					23,814	3,845
4.	OTHER INCOME
					31.08.23	31.08.22
					8	5
	Sale ofchurches				768,289
	Gain on sale ofmenses					566,724
	Funds from closed churches				129,472
	Gifts and donations				1,378
					887,119	566,724
5.	INCOME FROM CHARITABLE ACTIVITIES
					31.08.23	31.08.22
		Activity			8
	Circuit share offers	Work	ofthe Circuit		326,821	345,465
8.	RAISING FUNDS
	Other trading activities				31.08.23	31.08.22
					8
	Costs associated with letting out the	menses			22,838	8,214
7.	CHARITABLE ACTIVITIES COSTS			Grant funding	Support
			Direct	ofactivities	costs
			Costs			Total
						2
	Work ofthe Circuit		871,919		9,800	681,719
8.	SUPPORT COSTS					Governance
						costs
						6
	Work ofthe Circuit					9,800

					31.08.23	31.06.22
					6	F
Fees payable	to the charity's		auditors for the audit ofthe charity's	financial
statements					9,800	6,000
Independent	Examiner's	fise				(330)

Ministers
Administrative	support

12.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	ACTIVITIES
					Unrestricted		Restricted	Endowment	Total
					funds	CMTF	funds	funds	funds
					8		6		8
	INCOME AND ENDOWMENTS			FROM
	Charitable activities
	Work ofthe Circuit				345,465				345,465
	Other trading activides				33,019				33,019
	Investment income				692	3,153			3,845
	Other income				586,724				586,724
	Total				965,900	3,153			969,053
	EXPENDITURE ON
	Raising funds				8,214				8,214
	Charitable activities
	Work ofthe Circuit				375,699	1,116	100		376,915
	Total				383,913	1,116	100		385,129
	Net gains/(losses)	on investments			570,573	(1,044)		(966)	568,563
	NET INCOME/(EXPENDITURE)				1,152,560	993	(100)	(966)	1,152,487
	Transfers between		funds		(553,379)	553,379
	Net movement in funds				599,181	554,372	(100)	(966)	1,152,487
	RECONCILIATION		OF FUNDS
	Total funds brought		forward		3,099,433	(188,671)	1,321	15,375	2,927,458
	TOTAL FUNDS CARRIED FORWARD				3,698,614	365,701	1,221	14,409	4,079,945
13.	TANGIBLE FIXEDASSETS							Fixtures
							Freehold	and
							property f	fittings 6	Totals 8
	COSTS
	At 1 September 2022						2,183,213	559	2,183,772
	Additions							792	792
	Disposals								0
	Reclassification								0
	At 31August 2023						2,183,213	1,351	2,184,564
	DEPRECIATION
	At 1 September 2022							559	559
	Additions							264	264
	At 31 August 2023							823	823
	NET BOOKVALUE
	At 31August 2023						2,183,213	528	2,183,741
	At 31August 2022						2,183,213		2,183,213

	FAIRVALUE
	At 1 September 2022				1,400,000
	Revaluation				29,400
	Reclassification				0
	At 31August 2023				1~29A00
	NET BOOK VALUE
	At 31August 2023				1229000
	At 31August 2022				1,400,000
	The Trustees for Methodist	Purposes act as Custodian Trustees holding		the title to the property.
	The fair value has been estimated		by Richard Ward.
	Fair value at 31 August 2023 is represented by:
	Valuation in 2021				178,000
	Valuation in 2022				570,652
	Valuation in 2023				29,400
	Cost				651,348
	At 31August 2023				29900
18.	DEBTORS
				31.08.23	31.08.22
				5
	Trade debtors			5,160	1,439
	Other debtom			18,441	32,533
				23,601	34,072
	Amounts falling due after	more than one year.
	Other debtom			3,500	7,250
	Aggregate amounts			27,101	41,322

CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE	WITHIN ONE YEAR
						31.08.23	31.08.22
						6
Trade creditors						6,296	2,644
Other creditors						98,048	88,972
						100,344	91,616
MOVEMENT		IN FUNDS
					Net	Transfers
				At	movement	between	At
				01.09.22	in funds	funds	31.08.23
				E		6	6
Unrestricted		funds
General fund				3,675,776	109,824	106,828	3,892,428
Circuit Model		Trust Fund		365,701	494,725	(106,828)	753,598
Manse repair		costs		22,838			22,838
				4,064,315	604,549		4,668,864
Restricted funds
Circuit training		fund		1,221	(129)		1,092
Endowment		funds
Endowment	fund			14,409	(612)		13,797
TOTAL FUNDS				4,079,945	603,808		4,683,753
Net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
					6	6	8
Unrestricted		funds
General fund				510,096	(429,624)	29,352	109,824
Circuit Model		Trust Fund		769,917	(274,531)	(661)	494,725
Manse repair		costs					0
				1,280,013	(704,155)	28,691	604,549
Restricted funds
Circuit training		fund		71	(200)		(129)
Endowment		funds
Endowmentfund						(612)	(612)
TOTAL FUNDS				1,280,084	(704,355)	28,079	603,808

MOVEMENT	IN FUNDS	- continued	- continued	- continued
Comparatives	for movement		in funds				Net	Transfers
					At		movement	between	At
					01.09.21		in funds	funds	31.08.22
					6		6	6	8
Unrestricted	funds
General fund					3,071,433		1,157,722	(553,379)	3,675,776
Circuit Model	Trust Fund				(188,671)		993	553,379	365,701
Manse repair	costs				28,000		(5,162)		22,838
					2,910,762		1,153,553		4,064,315
Restrtctedfunds
Circuit training	fund				1,321		(100)		1,221
Endowment	funds
Endowmentfund					15,375		(966)		14,409
TOTAL FUNDS					2,927,458		1,152,487		4,079,945
Net movement	in funds,	included		in the above are	as follows:
					Incoming		Resources	Gains and	Movement
					msourcas E		expended 8	losses f	in funds 6
Unrestricted	funds
General fund					965,900		(378,751)	570,573	1,157,722
Circuit Model	Trust Fund				3,153		(1,116)	(1,044)	993
Manse repair	costs						(5,162)		-5,162
					969,053		(385,029)	569,529	1,153,553
Resbicted funds
Circuit training	fund						(100)		(100)
Endowment	funds
Endowmentfund								(966)	(966)
TOTAL FUNDS					969,053		(385,129)	568,563	1,152,487
A current year 12months		and prior year 12months			combined	position	isas follows:
							Net	Transfers
							movement	between	At
							in funds	funds	31.08.23
							6	6	8
Unrestricted	funds
General fund					3,071,433		1,267,546	(553,379)	3,785,600
Circuit Model	Trust Fund				(188,671)		495,718	553,379	860,426
Manse repair	costs				28,000		(5,162)		22,838
					2,910,762		1,758,102		4,668,864
Restricted funds
Circuit training	fund				1321		(229)		1,092
Endowmentfunds
Endowmentfund					15375		(1,578)		13,797
TOTAL FUNDS					2,927,458		1,756,295		4,683,753

RECONCIALIATION	OF NET	OF NET	OF NET	INCOME TO NET CASH FLOW FROM OPERATING	ACTIVITIES
					31.08.23	31.08.22
					5	5
Net income forthe	reporting			period (as per the Statement ofFinancial
Activiites)					603,808	1,152,487
Adjustments for:
Gain on investments					(28,079)	(558,564)
Prcfit on disposal of	fixed assets				(756,269)	(578,541)
Interest received					(22,896)	(3,442)
Closed church investment			with	TMCP	(130,945)	(2,234)
(Increaseydecrease	in	debtors			10,471	(14,857)
Increaser(decrease)	in	creditons			8,944	4,142
Net cash used in operations					(314,966)	(11,008)
ANALYSIS OF CHANGES			IN	NET (DEBT)/FUNDS
				At 01.09.22	Cash flow	At31.08.23
				5	5	5
Net cash
Cash at bank				514,893	467,157	982,050
				514,893	467,157	982,050
Debt
Debts falling due within		1 year
Total				514,893	467,167	982,050

			31.08.23	31.08.22
			f	F
INCOME AND ENDOWMENTS
Other trading activities
Income from photocopying			130	77
Rental from manse not required		in the short term	43,200	32,942
			43,330	33,019
Investment income
Dividend income			918	403
Deposit account interest			22,896	3,442
			23,814	3,845
Charitable activities
Circuit share offers			326,821	345,455
Other income
Gains on sale oftangible fixed assets			756,269	578,541
Funds on closure ofchurches			129,472	7,783
Donations			1,137	0
Sundry income			241	400
			887,119	585,724
Total incoming resources			1,280,084	959,052
EXPENDITURE
Other trading activities
Costs associated with letting out		the manse	22,636	8,214
Charitable activities
Wages			182,894	155,111
Social security			16,561	14,779
Pensions			38,819	36,609
Rates and water			18,971	16,403
Insurance			13,809	7,740
Light and heat			l63l	(2,572)
Telephone			3,896	4,051
Sundries			2,274	558
District Assessment			16,016	17,193
Methodist Church Fund			63,720	57,632
Manse repairs			10/55	17,455
Travel			8,341	7,553
Circuit administration			6,963	5,747
Quinquennial costs			6,150	3,450
Local preacher and supernumery		fees	1,530	1,594
Ministerialadministration	costs		3,325	1,593
Stationing - inc removalcosts			0	4,379
Training			211	370
Finance charges			1,660	257
Carried forward			396,432	370,243

				31.08.23	31.08.22
				6
Charitable activities
Brought forward				395,432	370,243
District levy				273,217	1,002
Licences and subscriptions
Legal &professional				3,270
Grants to institions
Grants to individuals
				671,919	371,245
Support costs
Governance costs
Auditors' remuneration				9,800	6,000
Independent Examiner's			fee		(330)
				9,800	5,670
Totalresources expended				704,355	385,129
Net income/(expenditure)			before gains and losses	676,729	563,923
Realised recognised	gains		and losses
Realised gains/(losses)		on	fixed asset investments	28&079	568,563
Net income				60S,808	1,152,486