Circuit Accrual Accounts 2022-23
THE METHODIST CHURCH
TEMPLATE REPORT AND ACCOUNTS
(ACCRUALS BASIS)
for the year ended 31st August 2023
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 until May 2023
Circuit Stewards
Martin Shaw Roger Gordon
Circuit Treasurer Colin Raistrick
North Shields & Whitley Bay Methodist Circuit TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31ST AUGUST 2023
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 twenty nine 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 communityenriching 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 years and start to put together a more normal range of activities. Our thanks go to all who enable worship to be conducted in the Circuit churches.
Rev John Mason, the Minister at North Shields and Earsdon, health deteriorated during the year and sadly died in May 2023. This was a major blow to the Circuit. Our special thanks to Rev Rob Hufton for covering at North Shields and for Rev Wes Blakey for covering at Earsdon. And for the pastoral care given to many as we travelled the journey with John.
We could not abandon Sue Mason and made the decision to support her and the family by agreeing that the manse will continue as their family home until the time was right to move into new
accommodation. When the manse became vacant we would hire it out.
The Circuit continues to assist those worshipping at home by providing a weekly printed home service. This is most welcomed by the 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. The Circuit Office at St John’s remains the focal point where information is shared and disseminated. We plan to develop this further by sharing more of what is going on in local churches so that members have more choice of what activities to join in.
A strategic review of lay employment resulted in the Circuit making the decision to end the primary schools worker role. Our thanks go to Claire for leading this work for many years. In its place we decided to invest in more family and children’s work. We did this by releasing St John’s and Monkseaton from looking after their own family worker role and making this role a part of a Circuit family worker team from September 2023.
Working alongside older people, work was developed to support the new way of working for local Churches Pastoral teams as down to two presbyters became the reality. John has great links with hospitals, the local hospital chaplaincy and other agencies working with older people. Increasingly John’s work results in finding solutions for members whose health is deteriorating and memory is not what it was. John has continued to produce the “Prayer Dove'' which aims to aid worship for those unable to get to church.
Sunday at the Pub resumed activity based around pubs. Themes of faith and spirituality were explored. BFX had a weekend away at Saughy Rigg.
A review of the Circuit Operations Manager pilot concluded that the role would become permanent.
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, worship 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. A number of face to face Circuit Safeguarding Officers meetings was held. Information was shared by the Circuit Safeguarding Officers periodically throughout the year.
Our Circuit Stewards provided many hours of voluntary work in the essential administration of the Circuit.
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.
Our friends at Earsdon Methodist Church decided to cease to meet. Following the final service at Pentecost, responsibility passed to the Circuit. The Circuit Operations Manager has led the Earsdon Management Group in the process of preparing for the building to be sold. Whilst it was sad to see the closing of this chapter, it was very pleasing to see former members at Earsdon boost the membership of Monkseaton.
New Places New People is a strategic focus of what we do. Shoots of ideas often come out of what we are doing at Sunday at the Pub and at the BFX group. Firmer groups will evolve over the coming year based on the incubation happening with Mother House input.
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 and increasingly by a greater North East Districts input.
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.
- 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 held.
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 2023 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 * until May 2023 Supported by an additional team of retired Ministers.
Circuit Lay Workers
Circuit Stewards
Claire Earl John Morley * Rob Wylie Martin Shaw * (Senior Steward) Roger Gordon *
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, Diane Brewer, Sue Carr, Andrina Davison, Andrew Esson, Sandra Fenwick, Margaret Gannie, Rev Enid Gordon, Roger Gordon, Bill Hastie, Yvonne Hastie, Rev Rob Hufton, Peter Hutton, Andrew Lowe, Owen Lumsdon, Pat Maddison, Rev John Mason, Sue Mason, John Morley, Colin Raistrick, Martin Shaw, Margaret Stephenson, Marion Taws, Graham Tipple, Pat Underhill, Catherine Walker, Rev Eva Walker, Angela Wood-Smith, 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 John Thorpe
Investment Bankers Central Finance Board of the Methodist Church (CFB) Trustees for Methodist Church Purposes (TMCP)
Year ended 31st August 2023 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 £6,914 from Western Way manse letting was used to reduce general expenses. A legacy of just under £100,000 was received from the estate of the late Audrey Hinchcliffe. This has significantly improved the Circuit income.
Year ended 31st August 2023 expenditure trends
During the year our income was £405,435 and we spent £320,054 in line with the budget. Ignoring the legacy. We spent £15,000 more than income. This was planned as we were catching up with a backlog of quinquennial inspections and had higher legal fees as we applied for land registration for Monkseaton and incurred legal costs for the work at Earsdon. 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
Fund balances
As at 31st August 2023 net cash assets of the Circuit were £234,741 (£149,003 previous year) giving approximately 9 months cover for expenditure.
Plans for 2023/2024
Circuit financial plans for the coming year have been prepared on the basis that we decrease to 2 full time ordained staff with anticipated costs of living stipend increases combined with an increase in the assessment paid to the District. Our Lay Worker team is refreshed as we eliminate the Primary Schools Worker role and invest in more Family Work by a creation of a part time Circuit role. At the sametime we will bring the part time family role based at St John’s and Monkseaton into the Circuit Team. The pilot role of Circuit Operations Manager is to be made a permanent role. Local churches are requested to increase their assessment to fund this work. 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 2023 insurance values. The insurance value of the manses is £1,219,618. 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 £3,890,715 an increase of £450,649 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
There were no payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting, this excludes stipends.
| Number of Trustees Total amount |
2022/23 34 £0 |
2021/22 |
|---|---|---|
| 34 | 38 | |
| £0 | £0 |
5 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 |
2022/23 £ 0 NIL |
2021/22 £ |
|---|---|---|
| 0 | 0 | |
| NIL | NIL |
6 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 full-time equivalent employees in the year were: |
2022/23 180,090 14,716 27,214 222,020 8 |
2021/22 |
|---|---|---|
| 147,722 | ||
| 10,646 | ||
| 24,926 | ||
| 183,294 | ||
| 8 | 7 |
7 Capital Commitments and Contingent Liabilities
As of 31st August 2023 there are no capital commitments. Ingleside Manse is not let out as we continue to support the widow of the late Rev John Mason.
No Contingent liabilities were identified on 31st August 2023.
8 For information only Money received and passed on to External Organisations
| Balance brought forward from last year | 2022/2 3 £ |
2021/2 2 |
|
|---|---|---|---|
| £ | |||
Offerings/Gifts - received for External Organisations Offerings/Gifts - passed to External Organisations
Balance carried forward
0 0
9 Tangible Fixed Assets Cost or valuation
| Cost or valuation | ||||||
|---|---|---|---|---|---|---|
| Land £ |
Manses £ |
Other buildings Network Oxford Street £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under construction £ |
Total £ |
|
| Balance brought forward | 0 | 1,219,618 | 3,440,066 | 36,225 | 4,695,909 | |
| Additions | ||||||
| Revaluations (+/-) | 450,649 | 4,854 | 455,503 | |||
| Disposals (-) | ||||||
| Transfers * (+/-) | ||||||
| Balance carried forward | 0 | £1,219,618 | 3,890,715 | 41,079 | 5,151,412 | |
| Accumulated depreciation | ||||||
| Balance brought forward | 1,219,618 | 3,890,715 | 41,079 | 5,151,412 | ||
| Depreciation charge for year (-) |
||||||
| Revaluations (+/-) | ||||||
| Disposals (-) |
| Transfers* (+/-) | ||||||
|---|---|---|---|---|---|---|
| Balance carried forward | 1,219,618 | 3,890,715 | 41,079 | 5,151,412 | ||
| Net book value | ||||||
| Brought forward | 0 | 1,219,618 | 3,440,066 | 36,225 | 4,695,909 | |
| Carried forward | 0 | 1,219,618 | 3,890,715 | 41,079 | 5,151,412 |
The additions relate to revaluation of fixtures and fittings.. 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 2022-23
| Restricted Fund Name |
Opening Balance |
Incoming Resource s |
Resources Expended |
Transfers | Closing Balance |
Purpose of the fund |
|---|---|---|---|---|---|---|
| Building Fund | 2,421.32 | 0 | 138.32 | 2,283 | Support for building development and mission projects |
|
| Totals | 2,283 | |||||
| 2,421.32 | 0 | 138.32 | 2,283 |
One final hand sanitiser payment was made during the financial year.
| Restricted Fund Name |
Opening Balance |
Incoming Resource s |
Resources Expended |
Transfers | Closing Balance |
Purpose of the fund |
|---|---|---|---|---|---|---|
| Pioneer Hub Money |
190.10 | 0 | 0 | 190.10 | BFX Project | |
| Totals | 190.10 | |||||
| 190.10 | 0 | 0 | 190.10 |
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 2023 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 2024
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 2023 were presented to the Circuit meeting held on 19th June 2024
Signature of the Chair of the meeting Eva Walker
Name of the Chair of the meeting Rev Eva Walker Date 19th June 2024
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 Methodist Circuit for the year ended 31 August 2023. 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.
Name of Circuit North Shields & Whitley Bay Methodist Circuit No 20/05
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the 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.
I have not 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.
Signature of independent examiner John Thorpe
Name of independent examiner: Mr John Thorpe
Relevant professional qualification of independent examiner: HNC Electrical Engineering
Address: 4 Holywell Mews, 21 Holywell Avenue, Whitley Bay. NE26 3AH
Date 17 June 2024
| Registered Charity1132438 | Registered Charity1132438 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name of Circuit North Shields & WhitleyBayCircuit | Circuit No | 20/05 | |||||||
| ~~Statement of Financial Activities(SOFA) for theyear ended 31 Augus~~ ~~General Fund~~ ~~Trust~~ ~~Funds~~ |
Oxford Street Property + Total |
||||||||
| Notes to the accounts | (Unrestricted) |
(Unrestricted) |
**(unrestricted) ** |
Restricted Funds | 41 Flat |
2022-2023 | |||
| £ | £ | £ | £ | £ | £ | ||||
| Income | CFB | TMCP | Network | ||||||
| 1 Oddments | 124 | 124 | |||||||
| 2 Income from monetaryinvestments | 211 | 4,035 | 1,588 | 5,834 | |||||
| 3 Rent from investmentproperties | 6,914 | 14,500 | 10,551 | 31,965 | |||||
| 4 Assessments on Churches | 36,074 | 194,532 | 230,606 | ||||||
| 5 Capital Receipts - church layworkers | 27,366 | 27,366 | |||||||
| 6 Grants received - District | 10,000 | 10,000 | |||||||
| 7 Legacy | 99,540 | 99,540 | |||||||
| 8Total income | 170,229 | 208,567 | 1,588 | 14,500 | 10,551 | 405,435 | |||
| Expenditure | |||||||||
| 9 Grants & donations - Mission & BuildingFu | 138 | 138 | |||||||
| 10 Salaries incl training& travel | 13,733 | 208,287 | 222,020 | ||||||
| 11 Propmaint + C Tax + water + insurance +Q | 23,973 | 9,858 | 33,831 | ||||||
| 12 TMCP levy+ TMCP charges | 1,574 | 1,574 | |||||||
| 13 District Assessment & Levy | 48,633 | 48,633 | |||||||
| 14 Legal fees re Earsdon & Monkseaton | 4,385 | 4,385 | |||||||
| 15 Office expenses + tel + web + zoom + C N | 6,050 | 6,050 | |||||||
| 16 Other - Copyright,BFX,CPD,DBS,Earsd | 3,423 | 3,423 | |||||||
| 17Total charitable expenditure | 51,702 | 256,920 | 1,574 | 9,858 | 0 | 320,054 | |||
| 18 Gains/(losses)on monetaryinvestments | - | 0 | |||||||
| 19 Gains/(losses)on investmentproperties | |||||||||
| 20Net income/(expenditure) | 118,527 | -48,353 | 14 | 4,642 | 10,551 | 85,381 | |||
| 21 Transfers between funds | - 150,000 | 150,000 | - | - | 0 | ||||
| 22 Other - Circuit assessment for Ox Street | 4,000 | - 4,000 | |||||||
| 23Net movement in funds | -27,473 | 101,647 | 14 | 642 | 10,551 | 85,381 | |||
| 24 Total funds brought forward | 1,186,453 | 42,055 | 56,530 | - 16,002 | 2,354,860 | 3,623,895 | |||
| 25 Total funds carried forward | 1,158,980 | 143,702 | 56,544 | - 15,360 | 2,365,411 | 3,709,276 | |||
| Registered Charity1132438 | Registered Charity1132438 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name of Circuit North Shields & WhitleyBayCircuit | Circuit No | 20/05 | |||||||
| ~~Statement of Financial Activities(SOFA) for theyear ended 31 Augus~~ ~~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 & BuildingFu | 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 Office expenses + tel + web + zoom + C N | 6,094 | 6,094 | |||||||
| 16 Other - Copyright,BFX,CPD,DBS,Adver | t 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
| Notes to the Accounts Fixed Assets |
Notes to the Accounts Fixed Assets |
Balance | Sheet as | at 31 Au | gust 2023 £ £ £ £ 1,219,618 1,219,618 3,890,715 3,440,066 0 0 0 5,110,333 4,659,684 Building Fund Pioneer Hub Fund 0 0 0 0 56,543 56,530 143,702 42,055 2,473 34,496 50,418 2,473 0 234,741 149,003 0 Restricted F d Endowment F d Totals 2022/23 Totals 2021/22 |
gust 2023 £ £ £ £ 1,219,618 1,219,618 3,890,715 3,440,066 0 0 0 5,110,333 4,659,684 Building Fund Pioneer Hub Fund 0 0 0 0 56,543 56,530 143,702 42,055 2,473 34,496 50,418 2,473 0 234,741 149,003 0 Restricted F d Endowment F d Totals 2022/23 Totals 2021/22 |
gust 2023 £ £ £ £ 1,219,618 1,219,618 3,890,715 3,440,066 0 0 0 5,110,333 4,659,684 Building Fund Pioneer Hub Fund 0 0 0 0 56,543 56,530 143,702 42,055 2,473 34,496 50,418 2,473 0 234,741 149,003 0 Restricted F d Endowment F d Totals 2022/23 Totals 2021/22 |
gust 2023 £ £ £ £ 1,219,618 1,219,618 3,890,715 3,440,066 0 0 0 5,110,333 4,659,684 Building Fund Pioneer Hub Fund 0 0 0 0 56,543 56,530 143,702 42,055 2,473 34,496 50,418 2,473 0 234,741 149,003 0 Restricted F d Endowment F d Totals 2022/23 Totals 2021/22 |
gust 2023 £ £ £ £ 1,219,618 1,219,618 3,890,715 3,440,066 0 0 0 5,110,333 4,659,684 Building Fund Pioneer Hub Fund 0 0 0 0 56,543 56,530 143,702 42,055 2,473 34,496 50,418 2,473 0 234,741 149,003 0 Restricted F d Endowment F d Totals 2022/23 Totals 2021/22 |
|---|---|---|---|---|---|---|---|---|---|
| £ General Fund (U t i t d) |
£ Circuit Model T t |
£ Designated F d |
£ Restricted F d |
£ Endowment F d |
£ Totals 2022/23 |
||||
| Circuit Manses x 4 | 1,219,618 | 1,219,618 | |||||||
| Investmentproperties - Oxford Street | 3,890,715 | 3,890,715 | |||||||
| Investments | 0 | 0 | |||||||
| Total fixed assets | 5,110,333 | 0 | 0 | 0 | 0 | 5,110,333 | |||
| Current Assets | Barclays | CFB | TMCP | ||||||
| Debtors | 0 | ||||||||
| Loans bythe Circuit | 0 | ||||||||
| Investments with TMCP | 56,543 | 56,543 | |||||||
| Central Finance Board Deposits | 143,702 | 143,702 | |||||||
| Cash at Bank and in hand | 32,023 | 2,473 | 34,496 | ||||||
| Total current assets | 32,023 | 143,702 | 56,543 | 2,473 | 0 | 234,741 | |||
| Current liabilities | |||||||||
| Creditors (due in under 1 year) | 0 | ||||||||
| Grantspayable within 2022-23 | 0 | ||||||||
| Total current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Net current assets/liabilities | 32,023 | 143,702 | 56,543 | 2,473 | 0 | 234,741 | 149,003 | ||
| Total assets less current liabilities | 5,142,356 | 143,702 | 56,543 | 2,473 | 0 | 5,345,074 | |||
| Property& Barclay | CFB | TMCP | |||||||
| Long term liabilites |
|||||||||
| Grantspayable after 2022-23 ~~(d~~ ~~f~~ ~~th~~ ~~)~~ |
0 | ||||||||
| Loans to the Circuit | 0 | ||||||||
| 0 | |||||||||
| Net assets | 5,142,356 | 143,702 | 56,543 | 2,473 | 0 | ||||
| Funds of the Circuit | Property& Barclay | CFB | TMCP | ||||||
| General Fund(Unrestricted) | 5,142,356 | 5,142,356 | |||||||
| Circuit Model Trust Fund (Unrestricted) | 143,702 | 143,702 | |||||||
| Designated Funds(Unrestricted) | 56,543 | 56,543 | |||||||
| Total Unrestricted Funds | 5,342,601 | ||||||||
| Restricted Funds | 2,473 | 2,473 | |||||||
| Endowment Funds | 0 | 0 | |||||||
| Total Funds | 5,142,356 | 143,702 | 56,543 | 2,473 | 0 | 5,345,074 | |||
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 2023 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 2024
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 2023 were presented to the Circuit meeting held on 19th June 2024
Signature of the Chair of the meeting Eva Walker
Name of the Chair of the meeting Rev Eva Walker Date 19th June 2024
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 Methodist Circuit for the year ended 31 August 2023. 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.
Name of Circuit North Shields & Whitley Bay Methodist Circuit No 20/05
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the 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.
I have not 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.
Signature of independent examiner John Thorpe
Name of independent examiner: Mr John Thorpe
Relevant professional qualification of independent examiner: HNC Electrical Engineering
Address: 4 Holywell Mews, 21 Holywell Avenue, Whitley Bay. NE26 3AH
Date 17 June 2024