Circuit Accruals Accounts 2021-2022
THE METHODIST CHURCH
Standard Form of Accounts
Accruals Basis for the year ended 31 August 2022
Nottingham South Circuit
Ministers
Registered Charity - Registration number
Nottingham and Derby
Circuit No
22
Reverend Mark Roberts Reverend Nichola Jones Reverend Tony Simpson
1130749
Circuit Stewards
Charles Rayner Rosie Farrow Steve Nicholson Paul Johns Isleyn Warner Stuart Jones
Chris Hammond
Circuit Accountant
Nottingham South Circuit TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
Introduction
Welcome to this annual report reflecting on our achievements during the year and plans for this coming year.
Aims and organisation
The Circuit is the umbrella organisation for all members of the 9 churches which make up the Circuit. The group of churches is served by a team of Ministers, Lay Workers, and volunteers.
Our Mission statement is:
The mission of the Nottingham South Methodist Circuit is to share the Gospel of Jesus Christ by encouraging, resourcing and enabling the people and churches of the Circuit to serve their communities and the wider world
Review of the year
Most of the activity of the Circuit is conducted through its local churches. At the end of October 2021 these 9 churches had a total membership of 495.
The Circuit churches have continued to offer Sunday worship, fellowship groups and activities for children and young people with this being the first year since the start of the coronavirus pandemic that the circuit has been able to run a full programme of activities. The Circuit and its churches have also continued to try and find ways of offering the love of Jesus Christ to the communities they serve and pastoral care and support within the church communities themselves. There have been positive signs of growth in many of the churches, with new people joining the congregations, and new ways being found to engage with our communities.
In September 2021 Rev Tony Simpson began his appointment in the circuit as minister of Keyworth, Bradmore, Clifton and Bridgeway Hall. Rev Simpson had to take an extended period of absence from January 2022. His pastoral responsibilities were covered by colleagues and the activities in his churches were able to continue.
During the year the Circuit supported the work of its churches through:
-
The provision of a team of Ministers and lay workers
-
Providing Ministers, Local Preachers and worship leaders to lead worship on Sundays and other occasions
-
The allocation of financial and other resources
-
The support and advice of the lay officers of the circuit
-
The provision of training and other special events.
Nottingham South Circuit TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
Review of the year
Income trends
Circuit income is predominantly (94%) drawn from the assessment and contributions towards Lay Employee salaries paid by the circuit churches.
Expenditure trends
Stipend expenditure and Lay Worker salaries have increased each financial year in line with conference approved increases and accounts for 62% of total expenditure.
22% of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church.
Other expenditure includes : Manses - maintenance £6,649 Manse utilities £9,467
Fund balances
As at 31 August 2022 the net current assets of the Circuit were £355k. Of this £150k was held on behalf of Bridgeway Hall. The remaining reserves of £205k, give approximately 9 months cover for expenditure
Plans for 2022/23
Circuit financial plans for the coming year have been prepared on the basis that the circuit staffing will be 3 full time ordained staff, 5 lay staff and an employed circuit administrator. Staff costs include anticipated cost of living stipend and lay employee increases. There will be a decrease in District contribution this year, although this is expected to increase again in 2023/24. Giving to share contributions from churches have been held flat for yet another year, but church contributions to lay employees will increase in line with costs. There will also be a reduction of letting income as the tenancy has ended. At present the budget shows a deficit of around £24,000 as part of a planned reduction in reserves in line with the reserves policy.
Nottingham South Circuit
Trustee’s Annual Report on Finance and Governance
Basis of preparation and legal framework
The Charity’s annual report and accounts for the year ended 31 August 2022 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard(FRSSE) 2015
Full Name of Charity: Methodist Church Nottingham South Circuit
Registration Charity Number: 1130749
Date of registration 27 July 2009
Main communication address 10 Rockley Avenue Radcliffe on Trent NG12 1AR
The members of the Nottingham South Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.
Fully membership is shown as Appendix A to this report.
Circuit Ministers and officers
Active Circuit Ministers : Rev M D Roberts Rev N Jones Rev T Simpson Circuit Lay Workers and employees Mrs H Roberts Mr M J Blyth Mrs J Everett Ms A Watterson Ms R Patterson
Circuit Stewards Mr C Raynor Mr S Jones Mr S Nicholson Mr P Johns[Mrs R Farrow] Ms I Warner
Mr C Hammond ( Circuit Accountant) acted as the principal officer overseeing the day to day financial management and accounting for the circuit during the year.
Independent examiner Mr M Taylor ACMA 2 Goldstraw Lane Fernwood Newark Notts NG24 3FF Investment Bankers : Central Finance Board of the Methodist Church Trustees for Methodist Church purposes
Nottingham South Circuit
Aims and organisation
Charity objective is to act as a Resource provider within the area around South Nottingham for the Methodist Church:
The purposes of the Methodist Church are and shall be deemed to have
been since the Date of Union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church;
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
- d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church
The organisation and resourcing of regular public acts of worship open to members of the church and non members alike.
The teaching of Christianity through sermons, courses and small groups. The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools.
Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to the local university and other institutions.
Public Benefit
We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.
Structure, Governance and Management
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting.
Trustee Training
A range of guidance produced by Methodist Connexion to support the effective running of the circuit , specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Circuit meeting members as induction to their role as trustees.
Related Parties
The Circuit is part of the Nottingham & Derby District and is also accountable to the Methodist Conference.
The following Methodist Churches are linked to the circuit:
Bradmore Radcliffe-on-Trent Clifton Ruddington Cotgrave Tollerton Keyworth West Bridgford Bridgeway Hall
Other specific organisations with specific linkage - Faith and Light.
Nottingham South Circuit
Risk Management
The major risks have been identified and recorded by the Circuit Leadership Team with professional advice taken as required.
There is a regular annual review process undertaken and recorded.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
Safeguarding
Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.
Methodist Connexional practice outlines commitment to the following principles:
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the care and nurture of, and respectful pastoral ministry with, all children, young people and
-
adults
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the safeguarding and protection of all children, young people and adults when they are vulnerable
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the establishing of safe, caring communities which provide a loving environment where there is
-
informed vigilance as to the dangers of abuse.
-
We will carefully select and train all those with any responsibility within the Church, in line with
-
Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
-
We will respond without delay to every complaint made which suggests that an adult, child or
-
young person may have been harmed, cooperating with the police and local authority in any investigation.
-
We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
-
We will seek to challenge any abuse of power, especially by anyone in a position of trust.
-
We will seek to offer pastoral care and support, including supervision and referral to the proper
-
authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
-
In all these principles we will follow legislation, guidance and recognised good practice
The Nottingham South Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.
The Nottingham South Circuit commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.
Reserves Policy
The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 6 months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.
Name of Circuit
Nottingham South Circuit
Number
22
| 1 2 2a 2b 3 3a 3b 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 |
Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | Statement of Financial Activities(SOFA) for theyear ended 31 August 2022 | |
|---|---|---|---|---|---|---|---|---|
| Notes to the accounts |
Unrestricted funds | CMTF (Unrestricted) |
Restricted Funds | Endowment Funds | Total 2021-22 |
Total 2020-21 |
||
| £ | £ | £ | £ | £ | £ | |||
| Income and Endowments from: | ||||||||
| Donations and legacies | 4 | |||||||
| Charitable activities | ||||||||
| Assessments or share | 259,399 | 259,399 | 278,636 | |||||
| Other | 5 | 3,300 | 3,300 | 3,300 | ||||
| Other tradingactivities | 6 | |||||||
| - Lettings | 7,216 | 7,216 | 15,300 | |||||
| - Grants | 5,379 | 5,379 | ||||||
| Investments | 7 | 1,003 | 53 | 1,056 | 279 | |||
| Other | ||||||||
| Total | 276,297 | 53 | 276,350 | 297,515 | ||||
| Expenditure on: | ||||||||
| Stipends,salaries,NIC & Pension costs | 10 | 173,517 | 173,517 | 203,057 | ||||
| District Assessment | 64,263 | 64,263 | 46,065 | |||||
| Methodist Church Fund | m | |||||||
| Telephone,travel and other costs of employment | 18,210 | 18,210 | 15,442 | |||||
| Insurance,utilities,etc | 9,487 | 9,487 | 7,638 | |||||
| Maintenance on manses | 6,649 | 6,649 | 4,694 | |||||
| Expenditure on other Circuitproperty | ||||||||
| Depreciation | 11 | |||||||
| Provisions | ||||||||
| Other Expenditure | 7,121 | 324 | 7,445 | 5,682 | ||||
| Grants and Donations | ||||||||
| Contributions to District Advance Fund | ||||||||
| Total | 279,247 | 324 | 279,571 | 282,578 | ||||
| Net income/(expenditure) | -2,950 | -271 | -3,221 | 14,937 | ||||
| Propertyadditions | -250 | |||||||
| Clifton BuildingContribution | -5,000 | -5,000 | ||||||
| Revaluation of Manses | 198,698 | 198,698 | 20,185 | |||||
| BridgewayHall | 150,411 | 150,411 | ||||||
| BridgewayHall repairs | -43,000 | -43,000 | ||||||
| Actuarial gains /(losses) on defined benefit pension schemes |
||||||||
| Net movement in funds | 190,748 | -271 | 107,411 | 297,888 | 35,122 | |||
| Reconciliation of funds: | ||||||||
| Total funds brought forward | 1,448,430 | 11,621 | 1,460,051 | 1,424,929 | ||||
| Total funds carried forward | 1,639,178 | 11,350 | 107,411 | 1,757,939 | 1,460,051 | |||
| Balance carried forward For information only Money received and passed on to External Organisations Balance brought forward from last year Offerings/Gifts - received for External Organisations Offerings/Gifts - passed to External Organisations |
||||||||
Nottingham South Circuit
Balance Sheet as at 31 August 2022
| Tangible Fixed Assets Notes* |
Tangible Fixed Assets Notes* |
Unrestricted £ |
Circuit Model Trust Fund (Unrestricted) £ |
Restricted £ |
Endowment Funds £ |
Totals this year £ |
Totals last year £ |
|---|---|---|---|---|---|---|---|
| Land & Buildings | 11 | 1,402,589 | 1,402,589 | 1,195,728 | |||
| Equipment | 11 | ||||||
| Investmentproperties | 12 | ||||||
| Investments | 12 | ||||||
| Totalfixed assets | 1,402,589 | 1,402,589 | 1,195,728 | ||||
| Current Assets | |||||||
| Debtors and Prepayments | 13 | 9,472 | 9,472 | 11,871 | |||
| Cash at Bank and in hand | 106,593 | 106,593 | 72,944 | ||||
| Trustees for Methodist Church Purposes deposits |
11,350 | 11,350 | 11,621 | ||||
| Central Finance Board Deposits | 116,800 | 107,411 | 224,211 | 156,827 | |||
| Loan | 12,000 | 12,000 | 17,000 | ||||
| Total current assets | 244,865 | 11,350 | 107,411 | 363,626 | 270,263 | ||
| Creditors and Accruals (due in under 1yr) |
14 | 8,276 | 8,276 | 5,940 |
|||
| , | |||||||
| Net current assets(liabilities) | 236,589 | 11,350 | 107,411 | 355,350 | 264,323 | ||
| Total assets less current liabilities |
|||||||
| 1,639,178 | 11,350 | 107,411 | 1,757,939 | 1,460,051 | |||
| Loans and creditors due after 1 year |
14,16 | ||||||
| Provisions for liabilities and charges |
14,16 | ||||||
| Net assets Funds of the Circuit |
|||||||
| 1,639,178 | 11,350 | 107,411 | 1,757,939 | 1,460,051 | |||
| Unrestricted funds | 1,639,178 | 107,411 | 1,639,178 | 1,448,430 | |||
| Circuit Model Trust Fund (Unrestricted) |
11,350 | 11,350 | 11,621 | ||||
| Restricted funds | 107,411 | 107,411 | |||||
| Endowment funds | |||||||
| Total Funds | 1,639,178 | 11,350 | 107,411 | 1,757,939 | 1,460,051 |
*Details - see Note 11
Summary of the Internal Organisations reporting to the Circuit Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose.
| Internal Organisations | Opening balance |
Receipts | Payments | Net Receipts/ Payments |
Adjustments | Closing balances |
|
|---|---|---|---|---|---|---|---|
Nottingham South Circuit
Notes to the Accounts
1 Basis of accounting
The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities applicable in the UK (effective from 1 January 2015) – the Charities SORP (FRSSE) – in replacement for the SORP’s 2005 version specified in its related 2008 Regulations and in accordance with the ‘true and fair override’ provision contained therein.”
2 Funds
The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose . There are also the following Endowment funds as listed. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.
3 Accounting policies
Basis
These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities.
Income Recognition
Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
Resources Expended
This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.
Grants
Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.
VAT
Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
Tangible fixed assets for use by the Circuit
These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at the insurance reinstatement value plus 30% of this value for the value of land, the land component is deemed to be £350k. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment.
Investment Properties
Investment properties - no property is currently deemed to not be held for the long term purposes of the charity.
Investments
Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.
Debtors and Prepayments
Debtors relate to the payment of the September stipend in August and overpayment of the Apprentice levy
Creditors
Creditors include Giving to share received in August for the next financial year and expenses paid after date
Impact of Accounting changes
There has been no accounting changes
Nottingham South Circuit
| 4. Donations and legacies | Unrestricted | Circuit Model Trust Fund |
Restricted | 2022 Total |
2021 Total |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Donations | - | ||||
| Legacies | - | ||||
| Total | - | - | - | - | - |
| 5. Charitable activities - other |
Unrestricted | Circuit Model Trust Fund |
Restricted | 2022 Total |
2021 Total |
| £ | £ | £ | £ | £ | |
| Cotgrave Trust Grants | 3,300 | 3,300 | 3,300 | ||
| Total | 3,300 | - | - | 3,300 | 3,300 |
| 6. Other trading activities | Unrestricted | Circuit Model Trust Fund |
Restricted | 2022 Total |
2021 Total |
| £ | £ | £ | £ | £ | |
| District grants | 5,379 | 5,379 | |||
| Rental income | 7,216 | 7,216 | 15,300 | ||
| Total | 12,595 | - | - | 12,595 | 15,300 |
| 7. Investment income | Unrestricted | Circuit Model Trust Fund |
Restricted | 2022 Total |
2021 Total |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Central Finance Board | 1,003 | 1,003 | 253 | ||
| TMCP | 53 | 53 | 26 | ||
| Other | |||||
| Total | 1,003 | 53 | - | 1,056 | 279 |
Nottingham South Circuit
8. Payment to Trustees
Payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting
| £ | 2022 - |
2021 |
|---|---|---|
| - | - |
Number of trustees who were paid expenses
Nature of the expenses
Expense payments primarily relate to reimbursement for travel and computing costs
Total amount paid
9. Fees for examination or audit of the accounts
Independent examiner’s or auditors' fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor
| £ | - | - | ||
|---|---|---|---|---|
| £ | 300 | 300 | ||
| £ | ||||
| 500 | 500 |
10. Paid employees
| Staff Costs paid during the year were: Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs Total staff costs Average number of staff employed during the year were: £ £ £ £ |
139,826 10,195 23,496 173,517 8 |
|
|---|---|---|
| 166,264 | ||
| 12,039 | ||
| 24,754 | ||
| 203,057 | ||
| 8 | 8 |
Nottingham South Circuit
11 Tangible Fixed Assets
Detail of assets held,
State number of manses, specifically reference other buildings managed by the circuit and separately identify property treated as investment property.
Providedsummary information in respect of other categories and specific reference should be made in resppect of any assets under construction.
Cost or valuation
| Residential Land £ |
Other Land £ |
Manses £ |
Other buildings £ |
Other fixed assets including motor vehicles £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under construction £ |
Total £ |
|
|---|---|---|---|---|---|---|---|---|
| Balance brought forward(3 Manses) | 1,195,728 | 1,195,728 | ||||||
| Additions | 8,163 | 8,163 | ||||||
| Revaluations(+/-) | 198,698 | 198,698 | ||||||
| Disposals(-) | ||||||||
| Transfers *(+/-) | ||||||||
| Balance carried forward(3 Manses) | 1,402,589 | 1,402,589 | ||||||
| *Basis* Rate Accumulated depreciation |
SL or RB SL or RB SL or RB SL or RB |
|||||||
| Balance brought forward | ||||||||
| Depreciation charge foryear(-) | ||||||||
| Revaluations(+/-) | ||||||||
| Disposals(-) | ||||||||
| Transfers*(+/-) | ||||||||
| Balance carried forward | ||||||||
| Net book value | ||||||||
| Brought forward | - | - | 1,195,728 | - | - | - | - | 1,195,728 |
| Carried forward | - | - | 1,402,589 | - | - | - | - | 1,402,589 |
- The "transfers" row is for movements between fixed asset categories.
** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the rate of depreciation: for straight line, depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is made each year.
Nottingham South Circuit
12 Investments
The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments.
TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference.
Analysis of investment movements
| Analysis of investment movements | Analysis of investment movements | ||
|---|---|---|---|
| 2022 2021 |
|||
| Investments listed on a recognised Stock Exchange | |||
| Investments held in common investment funds, | |||
| Securities not listed on a recognised Stock Exchange | |||
| Other investments | |||
| Total |
Change in investment values Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value N et gain/(loss) on revaluation Carrying (market) value at end of year
Nottingham South Circuit
13. Analysis of current assets
| Debtors and prepayments Other debtors Total debtors and prepayments Analysis of cash at bank Bank balance held in HSBC Trade Creditors Other Creditors Total Current Liabilities Total Cash and Bank Analysis of current liabilities and long term creditors £ £ £ Pre paid assessments Accrued income |
2022 £ 9,472 9,472 106,593 106,593 8,276 8,276 |
2021 £ |
|---|---|---|
| 11,871 | ||
| 11,871 | ||
| 72,944 | ||
| 72,944 | ||
| 8,276 | 5,940 | |
| 8,276 | 5,940 |
14. Analysis of current liabilities and long term creditors
15. Capital Commitments and Contingent Liabilities
At the 31 st August 2022 the Circuit has no capital commitments.
Nottingham South Circuit
| Nottingham South Circuit | Nottingham South Circuit | Nottingham South Circuit | Nottingham South Circuit | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 16. Loans | Repayable in the year |
Balance at year end X Totals Y |
|||||||
| Source | Purpose of loan | Amount brought forward |
New borrowings |
Loan interest | Repayable in the year |
||||
| Repayment due | Totals | ||||||||
| Due within 12 months | 31/08/2018 | ||||||||
| Due between 1 and 5 years | 31/08/2019 | 31/08/2020 | 31/08/2021 | 31/08/2022 | |||||
| Due later than 5 years | |||||||||
| Note: the two totals X and Y must agree |
Nottingham South Circuit
17. Detailed analysis of individual fund movements
Unrestricted Funds
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| Unestricted Fund Name | Opening | Income | Expenditure | Transfers | Closing Balance |
Purpose of the fund |
| General | 232,701 | 276,297 | -284,247 | -8,163 | 216,588 | General purposes of the Circuit |
| Designated Manses R & M | 20,000 | 20,000 | ||||
| Designated Growth Fund | ||||||
| Designated Buildingschemes | ||||||
| Sub Total | 252,701 | 276,297 | -284,247 | -8,163 | 236,588 | |
| CMTF ** | 11,621 | 53 | -324 | 11,350 | ||
| Totals | 264,322 | 276,350 | -284,571 | -8,163 | 247,938 |
Restricted Funds
| Restricted Funds | |||||||
|---|---|---|---|---|---|---|---|
| Restricted Fund Name | Opening Balance |
Income | Expenditure | Transfers | Closing Balance |
Purpose of the fund | |
| Bridgway Hall | 150,411 | -43,000 | 107,411 | Buildingfund | |||
| Totals | 150,411 | -43,000 | 107,411 | ||||
| Endowment Name | How the capital is invested | The current value of the capital | Annual income | What the income was used for | |||
| Totals | |||||||
The reasons for the transfers between funds were as follows:
Nottln8ham South Clrcult DECLARATIONS Accountant l confirm that I hava Fry>ar1 th8 accountsfnxn IhD rK£YdB rflhe Cwvjbt •rMI that IW Incl10 all 3(N0¥22 Slgnatur• oftm Chlirof Nom• ofts Chdrofth• m8el(ng Ind•p•nd•nt Ex•mlntr• R•port lo th• Trugto•• the Clrnilt R••p•elv• r•Apon•lblllll•• of Tr•1 and Ex•nln•r The tha11 tVU8tees 81b17 for th• •¢%nts. T Ch¥W8 Trust•tsJ trJnJid thAt alitI not r•quWed ts tN• y Lmdgr S•clI 144 of tr• 20111ts Charths kl) •JwJ that an indwdont exarnination is rwlad. It ts my rewimitilityto.. to prfyxthrns l•d th• DiT•rAiorffj tyth• Chry CommiuiDn S•Lon 145(51(bl ollM Clwttw •ct and
Nottingham South Circuit 8asls of Indepndent Examinerfs Rèport My examinab.on was carried out In acurdance ith the general Dir8ction5 gNen by the Charty Commtssion. examination includes a revw olthe accounting records kept by the charty and a mparOn of the account8 presented wth those records. 11 also indudes COnserab0n of any unusual items or discbsures In the accounts. and seeking explanatrons trom you a5 Trustees conceming any such rnatters. The proodures undertaken do not provide all the evidence that Uld be requirèJ In an audit and consequenty no opinion Is gNen as to whether the a¢counts present a'tnje and fair oThJ the pOrt limited to Ihose matters set out in lh8 Statement below. Independent Examinevs Statemtnt In connection wth my examination, no matter has come to my attenb"on". gNes Me asonable cause to belwe that in 8ny material respect the requirements.. . to keep accounling records in accordance Section 130 ofthe Chonlies ACL . lo prepa accounts which 8CCOfd wilh the accounb.ng record5 and compty the aecounling requirements of the Charities Act have not been mel.. or 12} to in my opinion, attention shoult1 be dravm in order to enable a prop ¢Jnderstan¢Jing of the accounts to be rnache(l. Name R TAYLOR Signature M R Taor Relevant Professional qualth(aion or ACMA Address 2 Goldslraw Lane Fern Nwrk Notts NG24 3FF Date 24 i)
Nottingham South Circuit
Appendix A
CIRCUIT MEETING MEMBERSHIP as at 31st August 2022
MINISTERS
Revd. M D Roberts Revd. T Simpson Revd N Jones
SUPERNUMERARY MINISTERS
Revd M Crawford
LAYWORKERS
Mrs H Roberts Mr M J Blyth Mrs J Everett Miss A Watterson
CIRCUIT STEWARDS
Mr P Carver Mr C Rayner Mr S Nicholson Mr P Johns Ms R Farrow Ms I Warner
CIRCUIT ADMINISTRATER
Mrs R Patterson
CIRCUIT SECRETARY
Vacant
CIRCUIT ACCOUNTANT
Mr C Hammond
CIRCUIT LOCAL PREACHERS & WORSHIP LEADERS REPRESENTATIVES Mrs R Farrow
CIRCUIT SAFEGUARDING OFFICER Mr J Heard
CIRCUIT CHURCH REPRESENTATIVES
| BRADMORE | Ms P Lerwell | RADCLIFFE-ON-TRENT | |
|---|---|---|---|
| Mr S Shipman | S Fogg | ||
| Mrs S B Clark | R Glover | ||
| H Hancock | |||
| CLIFTON | |||
| Mr J Carver | RUDDINGTON | ||
| Mr P Carver | Mrs J Clark | ||
| Mr W B Jones | Mrs S Gunn | ||
| Mr B K Farrow | |||
| COTGRAVE | TOLLERTON | ||
| C Morris | Mrs Y J Shorten | ||
| Mrs M Gibson | WEST BRIDGFORD | ||
| L Beaumont | Mrs M E Heard | ||
| KEYWORTH | Mr J D Heard | ||
| M Maskell | Mr C Morrey | ||
| S Jackson | K Hobdell | ||
| Mr A J Withington | M Thurston | ||
| C Rayner |
P Thomas, J Jeoffrey, C Warner
BRIDGEWAY HALL