Circuit Accrual Accounts 2021-2022
THE METHODIST CHURCH
TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31st August 2022
North Shields and Whitley Bay Circuit Registered Charity - Registration Number 1132438
District Number / Circuit Number - 20 / 05
Ministers
Rev David Wynd Rev Eva Walker Rev John Mason
Circuit Stewards
Carol Baggaley - until January 2022 Martin Shaw Roger Gordon
Circuit Treasurer Colin Raistrick
North Shields & Whitley Bay Methodist Circuit TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31ST AUGUST 2022
Aims and Organisation
The Circuit resources the work of seven churches, Network and three different ways of being church (“fresh expressions”) in the geographical area covered by the North Shields and Whitley Bay Methodist Circuit. The Circuit is one of twelve circuits in the Newcastle upon Tyne District, which in turn is one of thirty districts in the Methodist Connexion.
When planning our activities for the year, the trustees have considered the Charity Commission’s guidelines on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Our main activity, however, is to resource the constituent local churches in their local application of the general purpose of advancing religion.
In particular, we try to enable ordinary people to live out their faith as part of our community through the four core activities of “Our Calling” namely worship; learning and caring; service and evangelism.
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:-
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a) The Christian faith in accordance with the doctrinal standards and discipline of the Methodist Church;
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b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church;
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c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;
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d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church
The organising 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 a range of local institutions.
Additional details:
The Trustees are committed to enabling as many people as possible to worship at our churches and in our organised activities. Thus we provide a varied menu of worship opportunities which are open to everyone, ranging across the spectrum of style from traditional liturgical/reflective to contemporary/celebratory and from all-age worship to children’s praise parties. We also encourage participation in ecumenical and circuit/district-wide worship opportunities. We are thus putting our faith into practice through the shared benefit of prayer, scriptural review, preaching, music and sacrament.
The Trustees are committed to enabling as many people as possible to become involved in the various activities of the constituent churches and fresh expressions of church which are community-enriching and character-forming, through personal development and/or community service and/or mission/outreach work.
The Trustees are committed to encouraging all the people with whom we come into contact in any way to participate in activities which might influence their faith-journey, thus creating better citizens and promoting wholeness in all levels of society/community.
The Trustees are committed to supporting the constituent churches as they maintain and manage and improve their premises of which they are managing trustees for use by the wider community.
We employ a part-time administrator; all other workers are voluntary except for three ministers, three lay employees (a Fresh Expressions Worker, a Community Worker with the Elderly and a primary school worker).
We are responsible for the care of ministers appointed to our circuit, both in the provision and maintenance of housing for them, in raising money to provide a stipend, and in providing support equivalent to that of an employer to employees.
Review of the year
The year saw us move beyond the coronavirus pandemic but still aware of the risk of the virus as worship and activities were planned. The new reality recognised that some people would not be engaging in the physical buildings, others cautiously returned and
became more regular engagers, others engaged as if nothing had happened. As activities happened and began to be advertised, we welcomed new people who wanted something more beyond the past isolation.
We have to record a huge thank you to our Supernumerary Ministers who have taken on temporary additional services during the year due to sabbatical cover and illness cover. Rev Eva Walker went on a three month Sabbatical in May 2022; Rev John Mason, the Minister at North Shields and Earsdon, health deteriorated during the year. Specific thanks to Rev Rob Hufton for covering at North Shields and for Rev Wes Blakey for covering at Earsdon and for Rev David Wynd for covering everything during the sabbatical.
The Circuit continues to assist those worshipping at home by providing a weekly printed home service. This is most welcomed by the 20 people who receive it and they themselves are using the resources to engage with others. Many thanks to all who create the printed services.
Information about what is going on across the Circuit is shared by the publication of information in the Circuit Newsletter.
Our lay employee team began to develop activities on the scale of what had happened pre covid. Schools didn’t rush to welcome back visitors, so Claire juggled both online and in person Collective worship. Praise parties are on hold and much more work has gone into assemblies and the occasional RE class. Over the year much normality returned to the school work. Working alongside older people, work resumed, with much pastoral support across the Circuit churches. Much telephone ministry continues.Slowly care homes began to open up and visits and activities began - with the Care home garden becoming a place of engagement. Some care homes have brought back inside worship times. John has continued to produce the “Prayer Dove'' which aims to aid worship for those unable to get to church. Lots of Christmas Angels were knitted and these were used at Seaton Sluice. A Chorus of Angels greeted people at the schools and community centre, much to the delight and surprise of the local community.Sunday at the Pub made tentative steps back into local pubs having done much activity on zoom. We explored the themes of finding faith and spirituality in the ordinariness of life. Weekly advent liturgy and reflection leading up to Christmas was made available online. Sunday night Bible exploration began again. BFX had a weekend away at Saughy Rigg
The Circuit Working Party on Climate Change continues to challenge us as Circuit to act and care for the environment. This team is leading the work to assess where we are with our buildings, introducing us to new ways of doing and challenging us to think and act differently.
Safeguarding training continues in a hybrid format of offering online courses as well as resuming face to face courses. In the Circuit we offered face to face foundation training on the 11th May and 21st June. On the 6th July a face to face Circuit Safeguarding Officers meeting was held. Information was shared to the Circuit Safeguarding Officers periodically throughout the year.
Our Circuit Stewards provided many hours of voluntary work in the essential administration of the Circuit.
During the year, Colin Raistrick, was appointed to the two year pilot post of Circuit Operations Manager. This new role takes over activities of the previous administrator but extends the work into governance, property and finance. From the pilot it is hoped you can see how we have freed up Presbyters for missional work and taken away much of the negative workload from the Circuit Stewards. This would allow them to re-engage with Church Councils.
Our Presbyter Team, Supernumerary Ministers team, Local preachers and Worship
Leaders enabled worship to happen on a Sunday or at midweek meetings. Circuit Praise continues to be an online offering with many more viewing the content than would be in a physical environment.
Strategically the Circuit is continuing discussions on setting the strategic direction for the years ahead. This means building upon the best of what we already do and moving forward with a refreshed way of doing and new activities that allow more people to know and love Jesus.
The Charity continues to be viable.
Structure, Governance and Management
The governing document of the Circuit is the Deed of Union (1932) and Methodist Church Act (1976). Detailed governance arrangements are outlined within the Constitutional Practice and Discipline (CPD) of the methodist Church by order of the annual conference. Day to day management of the circuit is undertaken by the Circuit Leadership Team (CLT) along with the Local Preachers meeting and the Circuit Resources Committee. Occasional task and finish groups are established which report back to the Circuit Meeting.
Trustee Training
A range of guidance is produced by the Methodist Connexion to support the effective running of the Circuit. The Regional Training Team provides specific support and specific roles are supported at meetings arranged by the Newcastle upon tyne Methodist District.
Related Parties
The Circuit is part of Newcastle upon Tyne Methodist District and is accountable to the Methodist Conference. The following Methodist Churches are linked to the Circuit. North Shields Methodist Church, Cullercoats Methodist Church, St John’s Methodist Church, Monkseaton Methodist Church, Earsdon Methodist Church, Seaton Sluice Methodist Church. Fishermen's Mission, Network. Coast Congregational Church meets at Fisherman’s Mission and are licenced with the Circuit to receive worship support.
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 compared with the approved annual budget 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 recreation 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 practices 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.
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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.
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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.
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We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
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We will seek to challenge any abuse of power, especially by anyone in a position of trust.
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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 a child, young person or vulnerable adult.
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In all these principles we will follow legislation, guidance and good practice.
The North Shields & Whitley Bay Methodist 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 North Shields & Whitley Bay Methodist 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.
During the year online Safeguarding training was delivered that reflects the revised training implemented by the Methodist Conference. A review of appointment roles within the Churches of the Circuit, reflected our good compliance with regular training and updates. A regular meeting of Church Safeguarding Officers was not held; instead information was shared electronically..
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.
Finance and Governance Basis of account preparation and legal framework.
The Charity’s annual report and accounts for the year ended 31st August 2022 have been prepared in accordance with the Charities Act 2011.
Full name of Charity: North Shields and Whitley Bay Methodist Church Circuit. Registration Charity Number: 1132438 Date of Registration:4th November 2009 Registered address: Circuit Office, St John's Methodist Church, Ilfracombe Gardens, Whitley Bay. NE26 3ND
The members of the North Shields and Whitley Bay Methodist Circuit Meeting are the Charity Trustees, membership being made up of Circuit Officer holders, ministers and representatives appointed by local churches.
Circuit Ministers and Officers
Active Circuit Ministers Rev David Wynd * Rev Eva Walker * Rev John Mason * Supported by an additional team of retired Ministers. Circuit Lay Workers Claire Earl John Morley * Rob Wylie Circuit Stewards Martin Shaw * (Senior Steward) Roger Gordon * Carol Baggaley * - Until january 2022 Circuit Treasurer Colin Raistrick * Circuit Local Preachers & Worship Leaders Representatives Margaret Stephenson John Bedigan Circuit Safeguarding Coordinator Rev Linda Eccles Circuit Operations Manager Colin Raistrick
Members Carol Baggaley, Alan Bainbridge, John Bedigan, Jan Boylan, Andrina Davison, Carol Davidson, Joan Davidson, Andrew Esson, Rev Tony Farrar, Sandra Fenwick, Margaret Gannie, Rev Enid Gordon, Roger Gordon, Bill Hastie, Yvonne Hastie, Rev Rob Hufton, Peter Hutton, Moya Jobson, Andrew Lowe, Owen Lumsdon, Pat Maddison, Rev John Mason, Sue Mason, John Morley, Colin Raistrick, Martin Shaw, Marion Taws, Lesley Thompson, Graham Tipple, Catherine Walker, Rev Eva Walker, Pauline Wright, Rob Wylie, Rev David Wynd. * Denotes member of the Circuit Leadership Team (CLT)
Colin Raistrick acted as principal officer overseeing the day to day financial management and accounting for the Circuit during the year.
Independent Examiner James McIntyre
Investment Bankers Central Finance Board of the Methodist Church (CFB) Trustees for Methodist Church Purposes (TMCP)
Year ended 31st August 2022 income trends
Circuit income is primarily drawn from the assessment paid by Circuit churches. At the Network project at Oxford Street talks are still ongoing with Depaul UK on their lease arrangement. The rent of £8,492 from Western Way manse letting was used to reduce
general expenses. During the year income was less than expenditure in line with the budget.
Year ended 31st August 2022 expenditure trends
During the year our income was £286,952 we spent £292,208 in line with the budget. The deficit figures were expected as we spent just under £10,000 on a major property scheme at Mast Lane manse. Stipend expenditure has increased each financial year in line with Conference approved increases. The Property Fund was used to provide hand sanitiser stations in circuit churches, purchase a new scaffolding tower for use across the Circuit and grounds work at Earsdon.
Fund balances
As at 31st August 2022 net cash assets of the Circuit were £149,003 (£160,932 previous year) giving approximately 6 months cover for expenditure.
Plans for 2022/2023
Circuit financial plans for the coming year have been prepared on the basis that there are 3 full time ordained staff with anticipated costs of living stipend increases combined with an increase in the assessment paid to the District. Local churches are requested to increase their assessment. Work continues to look at each element of spending to see where we can reduce costs and seek new sources of income, to reduce the pressure on stretched local church finances. We will relook at where we wish to be as a Circuit as we invest time in developing a new Strategic direction for the coming years.
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 FRS102 – the Charities SORP (FRS102) and taking note of the Update Bulletin 1 issued in 2016.
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 no Endowment funds. 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.
Incoming Resources
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.
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
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. The freehold property is shown in the accounts at 2022 insurance values. The insurance value of the manses is £1,219,618 an increase of £95,559 on the previous year 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.. The valuation for Oxford Street is £3,440,066 an increase of £254,819 on the previous year.
Investment Properties
Investment properties - no property is currently deemed to not be held for the long term purposes of the charity. Western Way manse and 41 Oxford Street are let for investment income.
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
There were none.
Creditors
We have adjusted when we receive the 1st quarter assessment so it is received in September rather than late August.
4 Payment to Trustees
Meeting, this excludes stipends.
| 2021/22 | 2020/21 | |
|---|---|---|
| Number of Trustees | 38 | 38 |
| Total amount | £0 | £0 |
5 Fees for examination or audit of the accounts
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2021/2 2020/2
2 1
£ £
Independent examiner’s or auditors' fees for reporting on the 0 0
accounts
Other fees (eg: advice, accountancy services) paid to the NIL NIL
independent examiner or auditor
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6 Paid employees
| Staf Costs paid during the year were: | 2021/2 | 2020/2 | |
|---|---|---|---|
| 2 | 1 | ||
| Gross wages, salaries and benefts in kind | £ | 147,722 | 124,106 |
| Employer’s National Insurance costs | £ | 10,646 | 10,417 |
| Pension costs | £ | 24,92 | 21,821 |
| 6 | |||
| Total staf costs | £ | 183,294 | 156,344 |
| Average number of full-time equivalent employees | 7 | 7 | |
| in the year were: |
7 Capital Commitments and Contingent Liabilities
As of 31st August 2022 there are no capital commitments. Although the Circuit is aware of a delay to Quinquennial Inspections which may result in a capital commitment. No Contingent liabilities were identified on 31st August 2022..
8 For information only Money received and passed on to External Organisations
| Balance brought forward from last year Oferings/Gifts - received for External Organisations Oferings/Gifts - passed to External Organisations Balance carried forward |
2021/2 2 |
2020/2 1 |
|
|---|---|---|---|
| £ | £ | ||
| 0 | 0 |
9 Tangible Fixed Assets
Cost or valuation
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Land Manses Other Fixtures, Payments Total
buildings fittings on
Network and account
Oxford and
equipme
Street assets
nt
under
constructi
on
£ £ £ £ £ £
Balance brought 0 1,124,059 3,185,247 73,189 4,382,495
forward
Additions 0 0
Revaluations (+/-) 95,559 254,819 -36,964 313,41
4
Disposals (-)
Transfers * (+/-)
Balance carried 0 £1,219,61 3,440,066 36,225 4,695,909
forward 8
Accumulated depreciation
Balance brought 1,219,618 3,440,066 36,225 4,695,909
forward
Depreciation charge
for year (-)
Revaluations (+/-)
Disposals (-)
Transfers (+/-)
Balance carried 1,219,618 3,440,066 36,225 4,695,909
forward
Net book value
Brought forward 0 1,124,05 3,185,247 73,189 4,382,495
9
Carried forward 0 1,219,618 3,440,066 36,225 4,695,909
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The additions relate to revaluation of fixtures and fittings following the new insurance company taking over. Fixtures now cover PA and lighting equipment, computers and tuck shop stock.
10 Investment assets
The circuit has no Investment properties
The circuit has no common investment fund holdings
11 Loans
The Circuit has no loans
12 Analysis of restricted and designated funds 2021-22
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Restricted Openin Incomin Resourc Transfe Closin Purpose of the
Fund Name g g es rs g fund
Balanc Resourc Expende Balanc
e es d e
Building Fund 5,538 0 3,116.68 2,421.3 Support for
2 building
development
and mission
projects
Totals 5,538 0 3,116.68 2,421.3
2
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The Circuit agreed to provide hand sanitising equipment for all Circuit Churches to meet Covid-19 regulations. These expenses will be assigned to this fund, some expenses were received in the 2020/2021 financial year, the remainder was for groundworks at Earsdon and £1,469.41 for a Circuit Scaffold Tower.
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Restricted Openin Incomin Resourc Transfe Closin Purpose of the
Fund Name g g es rs g fund
Balanc Resourc Expende Balanc
e es d e
Pioneer Hub 0 300 109.90 190.10 BFX Project
Money
Totals 0 300 109.90 190.10
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Name of Circuit North Shields & Whitley Bay Number 20/05
Declarations and Scrutiny
I confirm that these accruals-based accounts for the year to 31 August 2021 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting.
Signature of Treasurer Colin Raistrick Date 31st May 2023
Name and address of Treasurer
Colin Raistrick, 12 Park Crescent, Shiremoor, Newcastle upon Tyne, NE27 OLH
Presentation to the Circuit meeting
I confirm that the annual report and accounts for the year ended 31 August 2022 were presented to the Circuit meeting held on 20th June 2023
Signature of the Chair of the meeting Eva Walker
Name of the Chair of the meeting Rev Eva Walker Date 20th June 2023
Circuit No
Registered Charity 1132438 Name of Circuit North Shields & Whitley Bay Circuit
| Statement of Financial Activities (SOFA) for the year ended 31 August 202 General Fund Trust Funds |
Statement of Financial Activities (SOFA) for the year ended 31 August 202 General Fund Trust Funds |
Statement of Financial Activities (SOFA) for the year ended 31 August 202 General Fund Trust Funds |
Statement of Financial Activities (SOFA) for the year ended 31 August 202 General Fund Trust Funds |
Statement of Financial Activities (SOFA) for the year ended 31 August 202 General Fund Trust Funds |
Statement of Financial Activities (SOFA) for the year ended 31 August 202 General Fund Trust Funds |
Oxford Street Property + |
|---|---|---|---|---|---|---|
| Notes to the accounts | (Unrestricted) | (Unrestricted) |
(unrestricted) |
Restricted | Funds | 41 Flat |
| £ | £ | £ | £ | £ | ||
| Income | CFB | TMCP | Network | |||
| 1 Donations | 0 | |||||
| 2 Income from monetary investments | 5 | 48 | 928 | |||
| 3 Rent from investment properties | 8,446 | 14,980 | 5,079 | |||
| 4 Assessments on Churches | 51,001 | 191,627 | ||||
| 5 Capital Receipts - church layworkers | 10,614 | |||||
| 6 Grants received - District, NTC Covid-19 | 1,000 | 20,000 | ||||
| 7 HMRC Jobs Retention Scheme | 8,114 | |||||
| 8Total income | 79,181 | 211,675 | 928 | 14,980 | 5,079 | |
| Expenditure | ||||||
| 9 Grants & donations - Mission & Building Fund | ||||||
| 10 Salaries incl training & travel & relocation | 5,447 | 172,618 | ||||
| 11 Prop maint + C Tax + water + insurance | 11,845 | 8,990 | 165 | |||
| 12 TMCP levy + TMCP charges | 1,586 | |||||
| 13 District Assessment & Levy | 46,570 | |||||
| 14 Legal fees re Earsdon land rights | 3,361 | |||||
| 15 Ofce expenses + tel + web + zoom + C News | 7,236 | |||||
| 16 Other - P Nursing + Copyright + Xmas angels | 6,321 | |||||
| 17Total charitable expenditure | 34,209 | 219,188 | 1,586 | 8,990 | 165 | |
| 18 Gains/(losses) on monetary investments | - | |||||
| 19 Gains/(losses) on investment properties | ||||||
| 20Net income/(expenditure) | 44,972 | -7,513 | -658 | 5,990 | 4,914 | |
| 21 Transfers between funds | - 40,000 | 40,000 | - | - | ||
| 22 Other gains/(losses) | ||||||
| 23Net movement in funds | 4,972 | 32,487 | -658 | 5,990 | 4,914 | |
| 24 Total funds brought forward | 1,161,380 | 34,832 | 58,728 | - | 23,142 | 2,349,648 |
| 25 Total funds carried forward | 1,166,352 | 67,319 | 58,070 | - | 17,152 | 2,354,562 |
20/05
Total 2020-2021
£
0 982 28,505 242,628 10,614 21,000
311,843
0 178,065 21,000 1,586 46,570 3,361 7,236 6,321 264,138 0 47,705 0 47,705 3,581,446 3,629,151
| Registered Charity1132438 |
Registered Charity1132438 |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name ofCircuit NorthShields & WhitleyBayCircuit | Circuit No | 20/05 | |||||||
| ~~Statement of Financial Activities(SOFA) for theyear ended 31 August 20~~ General Fund Trust Funds |
Oxford Street Property + Total |
||||||||
| Notes to the accounts | (Unrestricted) |
(Unrestricted) |
(unrestricted) |
Restricted Funds | 41 Flat |
2021-2022 | |||
| £ | £ | £ | £ | £ | £ | ||||
| Income | CFB | TMCP | Network | ||||||
| 1 Donations | 350 | 47 | 397 | ||||||
| 2 Income from monetaryinvestments | 8 | 217 | 77 | 301 | |||||
| 3 Rent from investmentproperties | 8,492 | 14,750 | 462 | 23,704 | |||||
| 4 Assessments on Churches | 34,034 | 195,593 | 229,627 | ||||||
| 5 Capital Receipts - church layworkers | 21,974 | 21,974 | |||||||
| 6 Grants received - District | 300 | 10,000 | 10,300 | ||||||
| 7 Insurance Claim | 650 | 650 | |||||||
| 8Total income | 65,457 | 206,159 | 77 | 14,797 | 462 | 286,952 | |||
| Expenditure | |||||||||
| 9 Grants & donations - Mission & BuildingFund | 0 | ||||||||
| 10 Salaries incl training& travel | 4,869 | 194,452 | 199,320 | ||||||
| 11 Propmaint + C Tax + water + insurance | 23,857 | 9,647 | 164 | 33,668 | |||||
| 12 TMCP levy+ TMCP charges | 1,617 | 1,617 | |||||||
| 13 District Assessment & Levy | 47,726 | 47,726 | |||||||
| 14 Legal fees re Earsdon land rights | 861 | 861 | |||||||
| 15 Ofce expenses + tel + web + zoom + C News | 6,094 | 6,094 | |||||||
| 16 Other - Copyright,BFX,CPD,DBS,Advert | 2,921 | 2,921 | |||||||
| 17Total charitable expenditure | 38,602 | 242,178 | 1,617 | 9,647 | 164 | 292,208 | |||
| 18 Gains/(losses)on monetaryinvestments | - | 0 | |||||||
| 19 Gains/(losses)on investmentproperties | |||||||||
| 20Net income/(expenditure) | 26,856 | -36,019 | -1,540 | 5,150 | 298 | -5,256 | |||
| 21 Transfers between funds | - 10,755 | 10,755 | - | - | 0 | ||||
| 22 Other - Circuit assessment for Ox Street | 4,000 | - 4,000 | |||||||
| 23Net movement in funds | 20,101 | -25,264 | -1,540 | 1,150 | 298 | -5,256 | |||
| 24 Total funds brought forward | 1,166,352 | 67,319 | 58,070 | - 17,152 | 2,354,562 | 3,629,151 | |||
| 25 Total funds carried forward | 1,186,453 | 42,055 | 56,530 | - 16,002 | 2,354,860 | 3,623,895 | |||
Registered Charity 1132438 Name of Circuit: North Shields & Whitley Bay
Circuit No 20/05
Balance Sheet as at 31 August 2022
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Notes to the Accounts (UGeneral Fund £ t i t d) Circuit Model T £ t Designated F £ d Restricted F £ d Endowment F £ d Totals 2021/22 £ Totals 2020/21 £
Fixed Assets
Circuit Manses x 4 1,219,618 1,219,618 1,124,059
Investment properties - Oxford Street 3,440,066 3,440,066 3,185,247
Investments 0 0
Total fixed assets 4,659,684 0 0 0 0 4,659,684 4,309,306
Building Fund
Current Assets Barclays CFB TMCP Pioneer Hub Fund
Debtors 0 0
Loans by the Circuit 0 0
Investments with TMCP 56,530 56,530 58,070
Central Finance Board Deposits 42,055 42,055 67,319
Cash at Bank and in hand 47,807 2,611 50,419 35,543
Total current assets 47,807 42,055 56,530 2,611 0 149,003 160,932
Current liabilities
Creditors (due in under 1 year) 0
Grants payable within 2021-22 0
Total current liabilities 0 0 0 0 0 0 0
Net current assets/liabilities 47,807 42,055 56,530 2,611 0 149,003 160,932
Total assets less current liabilities 4,707,491 42,055 56,530 2,611 0 4,808,687 4,470,238
Property & Barclays CFB TMCP
Long term liabilities
Grants payable after 2021-22 0
Loans to the Circuit 0
0
Net assets 4,707,491 42,055 56,530 2,611 0 4,808,687 4,470,238
Building Fund
Funds of the Circuit Property & Barclays CFB TMCP Pioneer Hub Fund
General Fund (Unrestricted) 4,707,491 4,707,491 4,344,849
Circuit Model Trust Fund (Unrestricted) 42,055 42,055 67,319
Designated Funds (Unrestricted) 56,530 56,530 58,070
Total Unrestricted Funds 4,806,075 4,470,238
Restricted Funds 2,611 2,611 0
Endowment Funds 0 0 0
Total Funds 4,707,491 42,055 56,530 2,611 0 4,808,687 4,470,238
Signed Colin Raistrick
Circuit Treasurer
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Independent Examiner’s Report to the Trustees of the North Shields & Whitley Bay Circuit Charity Number 1132438
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the North Shields & Whitley Bay Circuit for the year ended 31 August 2022.
As the Circuit’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Circuit’s accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items, in nature or scale, or disclosures in the accounts, seeking explanations from the Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a true and fair view. My report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, NO matter has come to my attention
(1) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with Section 130 of the Charities Act: or
• the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have NO concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
(2) I have obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Name of Independent Examiner James McIntyre Signature of Independent Examiner James McIntyre Address On file as per GDPR Date 30th May 2023