Circuit Accruals Accounts 2022-2023
THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2023
Hull (Centre and West) Circuit
Registered Charity - Registration number
1132962
| District No / 29 / 37 Yorkshire North & East District Circuit No |
|
| Circuit Treasurer Circuit Stewards Ministers |
Mr M Lucas Mrs S Green(Senior) Mrs S Vince Mrs S Weatherall Rev A Rigby-Jones(Superintendent) Rev M Asiedu Rev A Stead Rev R Barlow Deacon Alison Hyde Rev L Haynes |
| Mr M Lucas |
HULL (CENTRE AND WEST) METHODIST CIRCUIT Ah'NUAL REPORT YEAR ENDED 31 AUGUST 2023 The Tru5tee5 present their annual report and the fjnancial 5takments for the year ended 31 August 2Q23. The financial siaiemeni.% have been prepared in acci)rdance 7th the accounting p)licie% fei out in the accounts and comply with the Charities Act 2011 and the Statetnent of Recotntnended Practice applicable io chariiie% pparing their accoun18 in a¢cordance w'ith the Financial Reporting Standard opplicable in th¢ UK and R¢publi¢ of IT¢land IFRS 1021 {effective l January 2(115}. l. Reference athd admini5tr9ti¢ det8i15 of the Charity, it5 Trustees and Advisor5 Name.. Hull {Centre and We5tl Meihodisl Circuit Registered charity number.. 1132962 Princip81 Office.. Circuit Officc clo Brickn¢ll Av¢nu¢ M¢thodist Church 277 Brickncll Avcnue Hull IIU5 4TJ Mini51ers.' R¢vd A Rigby-Jon¢s ISup¢rint¢nd¢nt)-1¢ft 31 August 2023 Rcvd M A%icdu- Icft 31 Augu8t 2023 Revd R Barlow. loft 31 Aukjusl 2023 Rcvd. L I laync.q- sulnn1nden1 from I Scpicmber 2023 Rcvd. Fl FliCk)n- from I SeptcmFKr 2023 D¢a¥on A Ilyd Rcvd. A Sicad - l¢ft 31 Augv.%t 2023 Revd. C SuthLrby- from I Sepiembcr 2023 Loc81 Lay P88tor'. MT P Vincc Circuit Sicw8rds', Mrs S Grccn . ScnioT Mrs G Appleyurd- froiii I Scpicniber 2023 Mr S Hi¥kson- from I Scplcmbcr 2023 MT J Shcpherdson- from I Scpiembcr 2023 Mrs S ViD¢C MT% S Wcaihcrull- rcsigned 31 Augus12023 Tru8iecs.' All ¢hc abovc are TtU5tces. as are all mcmbcr5 of the Circuit Mcclin8. A full list of Tni$tces i availablc from the Circuit ()Ili¢¢. Circuit Lay Sial'l.: Mr P Kirby (Finance Ol'liccrl Mrs V Wilkes Icircuil Ollice, Safeguarding and Property Officcrl Advisors'.- Bank¢rs'. HSBC Bank plc, 63 Market Place, Beverley. East York5hirc FIUI 7 SAL CAF Bank Liinilcd, 25 KinbTS Hill Avcnu¢, Kiiigs Hill, Wc%t Mcilling, Kcnl ME19 4JQ Indcpcndcni Examiner.. Atkinsons, Oberon House, Fcrtie5 Strect. Hull HU9 IRL
HULL (CENTRE AND WEST) METHODIST CIRCUIT
ANNUAL REPORT
YEAR ENDED 31 AUGUST 2023 {eontinued)
2. Strueture, governance 8Dd management
Staternent of Tru$tee$' re5pon5ibilÉtie5:
Charity law requires the Trustees to prepare financial %iatements for each financial year which give a
true and faiT view of the stale af affairs of the Charity and olits financial altivilies for that petio
l(Igeiher with lis a%sels and liabilities at the end of the period, and adequately di81inguish any material
spccial Irusl tsr orhcr r¢.%tri¢icd futKI of the Charity. In preparing thos¢ financial statemenis, the Tn]st¢¢s
arc rcquircd io..
S¢lccl %uitfiblc accounting policie8 and iL pply thcm consi%tcntly',
Makc jiidgcments and Cglimalcs thai dri fia8(>nable and prudent.,
Slate whciheT the poliLiL% adtspl¢d are in aLcordanLe wilh Ihe appropriate SORP on
Accounting by C'haritie5 and thc ALU)uniing Regulations and with applicablc Accountin
Si&ndaid%, 8ubjeci to any material departure% di%LlI)8ed and explained in the finanlial
%tai¢men15' and
PreparL Ihc finanLial stai¢m¢nis on th¢ going concern basi.% unlc%s it is inappropriate io
prc%urnc that th¢ charity will continuc in operation.
Legal 8nd gdministrAtlie InformAtlon
Thc gov¢rning body of the c.ircuit 18 thc Mcihodiqt Church and the governing kndy of ihc M¢ihodi$i
(.'hur¢h 1% tli¥ ('(InfLfLnLL. ThL C'.irLuit'% &iov¥mink dcKvlllLnts are the DL'Ld lif Uiiion 19J2 and Ihc
Mcihodiql C.'hurLh Ail 197() wliich 8lVC thc auih
HULL (CENTRE AND WEST) METHODIST CIRCUIT ANNUAL REPORT YEAR ENDED 31 AUGUST 2023 (Continued) Rlsk Assessment The Ttustee5 have examitied the major qtraiegic buginess and operational risk% 'hICh the Charity faces. and confim) that Sy8tems have t established to enable regular reports io be pn)du¢ed so that the necessary steps can be taken lo moTUtor th¢s¢ risks. With regard 10 i&8ueq of Safeguarding. the Circuit ¢mploy$ a Safeguarding Officer who, wider guidanLe provided by the Meihodisl Church, en%ures the neLes%ary training course8 ar¢ provid¢d and Ihar bcst praciicc is followed. The CiTcuiI a150 cniploy% a Propcny OffiLcr. and nsks associated with the Lare and niaintenan¢c of property are carefully monitured and guidance, provid¢d by th¢ Mcthodist Chur¢N is followLd. 3. Flnanelal Review The Circui¢ AcLounis includ¢ the followitJ8 two unr¥81ricrcd funds.. {al Thc Gencral Accouni which 1% ihc main opcraiingp accoutjt Ihroilgh which th¢ ¢xp¢nditurc and revcnuc f(Jr both opL'ratii)nal and.%tral¢gic purpo8c% arc handled. {bl Thc Model Trust Fiind whi¥h reccives the net 8alc proceed5 of di%u%¢d ¥liur¥lics and man8cs no li)ngcr rL4uirLd. Surplu8 fund% UTL iiscd for making grantq to local Meihodisi churchcs or approved projcLlS wlii¢h s¥Lk io fulfil Ihe mis%ion vbjcLlives of Ili¢ C.ir¢uit. In addiiion, Ihcrc orL ihrL'L Te8iricicd fund5 which 8r¢ for splfie arcas of outreach. There wa% a defLcjI on Cien¢ral Acloimi f()r the yLar ii11115,203 12V22 162,37tll. This %'as mainly Ihc r¢$uli of a further fall in a$4L%NmLnt inL0c fL'Leiv¢d frc)m (>ur local churLhe8 coupled with all incrcasc in expenditure for th¢ ycar. Sincc 31 Augusi 2023 our niiiii%lerial staff has fallcn by 2 mini8lLrs and thi4 will rL'$ult in savin¥.% which 8hoiLld sub%lontiJlly rcduce tlic deficit in thc currcnl year. NevLrtliclc%s WL dc) anlicipatc a d¥fiLii In thL LurrLnt yLar and w¢ may nccd to draw iin ()ur Mi)dcl Tru81 Fund ro financc ihc deficil. Oiir Modcl Trust Fiind ha$ been buoslcd by tlic 8a1¢ of properli¢s in the pa51 ycar und w¢ exlI 10 reccivc Lhc procccds uf fiLrth¢r salcs of propcnics in Ihc current ycar. Reserves It 1.% thc policy of th¢ C'h9¢ riiy i(1 h()Id sufficicnl rcscrvcs t() pr[)ide workin8 capital for il.% Lontinued operaiii)Iis. Ai IhL ycar cnd tlic iolal n¢1 a8%cI8 M'erc £2.808,873 {2022 £2.7_19.4251 u'hich includc* A P¢mi)neni EndiiwThcnt (If 13,21512022 £3,235) and rc51riclcd funds li)Idlling £4,0116. The unrL51ricied funds amount 10 £2,XIII,O.S l and includc pri)pcrty ii.%cd in thc 'or of Ihc charity valued IL112,1 IQ,862 Icaving unrcstricicd liquid fuiids ot. £6YII,789120?2 £411,121). Ill ddition, grants awiirded t(¥ pr(ij¢ei but not yct paid amount 10 £08,231 ai the year-cnd. 4. Publle Bentflt Sfalement Thc Trustces w15h to ¢onfimi that they havc complied with the duty in Section 17 of the C,haritieq A¥1 2011 to liav¢ duc r¥gy<ird io guidancc piibli.%h¢d by Ihc Chaiity C'ommission in r¢$pc¢l of public bcnefit in ¢x¢r¢ising Ihcii powci's ajid duiics. They have donc %0 via a d¢toiled Sybt¢m iifLhcck5 (2nd balanccs invulvin¥ rcgular tcedba¥k to the Circiiit Mccting and thr(iugh cnsurin8 that actions tak¢n (ind decisions madc are always in a¢¢ordancc with the Constiiuiional Practicc and Di%ipline of the Mcihodi81 c.hurch. S. Objectlves and Aims The primary piiTro5c for which the Chlc rity is constitutcd 1% to advance th¢ mission of the Chiirch in the gcographi¢al dr¥'J il ¥vve15 whicli coiiipJ'i%es ihc ccnire and wesl of Hull and Ihc Ii)M'n% nd i'ill(Iges on lis webtctn outskirts. Thc Circuit's Mission Policy includes thc following ex¢rd¢t'.
HULL (CENTRE AND WEST) METHODIST CIRCUIT ANNUAL REPORT YEAR ENDED 31 AUGUST 2023 (continued) S. Objective5 and Aims (continued) 'IV¥ hL,liL'v'L' Ihat M'e (irv c'Éilld togeiher hy Godio be Spirit-led. with a hetsrif0rJes and a p¢LJion for Mi.Fsiokt. This belie]sh(Tpe5 ourdeL1On making. our and ihe allocation God-given resourc'es and l¢ad5' t4s Eo idenlify our ko'prioriiiesfor mi.g,finPT. A. a Circuii we will seek ii).tsi)poYt artd resotsrce WOF w,hich meeis one oy more ofikefollowijrygobjeclivgs. which can be eiiher church or Ciitmii led.. a) Making nvw dtsciples andgrowing irt discipleshw h) E.fiubli.fhing]rcsh d¥pre35ions ofchiirch und Chtsvch planting c) Iniliafives ipt mission-shaped mirti.¥iry d) CommiinityloctL$5ed.O¢iL71 dciio e) Wiirk i¥'iikfdnJilies, }'oi¢ngpeuple children, and tslderpéople Rea¢hifr]g ihe missing geiiL•rulll)MS g) Building communiiy cohESIOII The C.iiLuit provid¢% upponunilies fur churches lo work togciher and SiLPPOrt ellch oihcr, by offering them rn'qourcc5 for financc. rrSOnncl and cxpcriiqe which may nol bL' ai'ailabl¢ locally. Thc CiTLUlI qcrvc% thc l(KJl LhurLhLS. Ihe Dislrict and ihe Confcrcnco in thc sup]x)rl, deployment and (?vLrsigiht of Ihe various ministri¢s of the Church. and in programtnes of iraining. Oblectlyes Th¢ purpL)%cs of thi MLtlii)di81 Church are And shall bc decmed to havc bcen Sin thc Deed of Union 1932, Ihc advanccmcni of.. al Thc C'hn4lian faiih in ?¢cordanLe with the doctrinal Standards and disciplinc of ihc Mcihodi.%t Cliurch. bl Any vhdriiablc purp()se for lh¢ time being of any ¢onncxional. district, circuit, local or other or8aiiisaiion (Jl'ilic M¢thodi.%l ('hurch., c} Any ¢hL?fii%Lblc piirpi)4L f()r ihc limc vf Any soLiely or institution. subsidiary or 8n¢illary lo thc ML4111)di81 Chur¢h: d) Any purlC for Ihc iimc bcing of any charity bcin8 a charity 8ubsidiary or ancillary ¢0 th¢ Mcih(Idi.%l C'liurlh. Thc Ciriuit pi'c)dLice.% a quarterly prcaching plan to cn8urc regular publi¢ a¢ls of wur4hip tak¢ plac¢ pt cach of the cliur¥hc.I fi)r whiLh il ()vcrNibhi. F.ach individuiil LhurLh has respon8ibilily for rganising? 11% own rcbiular uLlivitics. In addition i)cca%ioncil ck¢nl8, a¢livitics and act% (If worship ar¢ organiscd on a Circuit widc b85is. Ye4rlv obJe¢tliei To fucililale the Ii)Lal chuwhcs to cnable them io ¢on¢inu¢ as Chri4lian places of worship whel'¢ Jll arc wcl¥omc. To providc rc%uurLes to ¢Dablc Lliurihc% to reach out ¢0 ihc local community and io PUT8UC th¢ ()bjwiiv¢% sci out in thc Circuit Mig%iiin Piilicy. To continue t(1 dcvcli)p Icadirship, gyiivcmanLe and management within the Circui¢. Long ierm obje¢lli'e$ Ti) dLvclop an increased awarcncss of thc Circuit, its purposcs and opportuniti¢s amon¥st local chiir¢hc% £?nd Ihcir mcmbcrs. To incrcasc Ilic involvemcni ol'lay niiiiistry in the lifc of thc Cl)urLh. To dcwlop oppo11li111c5 for ecumeniial working and for w'orking with neighbouring C%icuil5. To ¢nsurc Ihc bc5t usc of resources in tcmis of pcr50nncl. finance and prt)perty. To givc duc con%idLfiiiion 10 suilession planninb. Str&tegie5 for achiei'lnl ihe obJe¢rfve% Thc C'JiLuiI Siiill. lii)Id pcriodii nicclingys as do the Cir¥uil Sicwards. Both groups Comc logcihcr regular C irciiit LcadeTship Team mcclings to con5idcT maltcrs w'ithin tho Circuit and t(1 seek Ihe best way forward. In addiiioii Ihc CiiLuit Steards aim to send a repres¢nlatiN"c to all Churlh Council mcclinbTS of local churih¢s. On a quancrly ba15 the C.ir¢iiit Mccling is hcld w'herc rcw)n8 arc prcsented ¢ovcriJg all L?spccls of Ilic CitCUlf'8 M'ork. Thi% is also the meeling w'her¢ proposals are subtnitteil disLussions take place and deLiSiOnS arc made. Thc Trk15tCC5 belicve ihcr¢ strong financial controls in position.
HULL (CENTRE AND WEST) METHODIST CIRCUIT
ANINUAL REPORT
YEAR ENDED 31 AUGUST 2023 (continued)
Grant maklng pollcy
GTant8 are aw'arded to schemes projects submitted by the local churches which meet certain
criieria. The%e %¢heme% and projects can be either for the del'elopment of Mission aT Mjnistry
Projects or for Property Schemes. The fundamental requirement is that ihe grant% .1[1 a%si%i Ihe mission
objectives of hoih the Circuit and ihe I{al chuTch 10 be mel. O¢ca5ionally grant applications to outside
bodi¢s are appToved where it is consideTed th81 Iheir 'ork is in line with the CiTCUjt's Mission
objectives. A]1 grallt applicaiion8 arc scruiiniscd by Ihc appropriate Circuit officcrq and appr()val is
given by the Circuii Leadership Team which has delegated w)w¢rs.
Extent of the usc of iolunteer$ In achlcving aims
Volunt¢crs arc involv¢d in all asp¢cts of Ihc wtsrk of thc Circuil and includc Local Prcachcrs who
Tcgularly l¢ad wor%hip. C.IrLuit Sr¢ward% and many others who perfurm administrative du¢ics and hold
rcprcseniaiivi ri)l¢% The Icvcl of dendence on voluniary Workers within the Circuit is extremely
high, as li is in any C.hur¢h Organisation.
6. Aehici'emethts and Performanee
SLvcriil of oiir cliurLhc continuc to stni8gle io recov¢T from the curtailment of their aciivitie
during Ihc C.()vid pand¢niic. Thi% impa¢i¢d tlicir in¢i>mc and rescrves and ha% m¢anl
that.%omc have had lo rcduce their financiul supptsrt lo th¢ Circuit. Nevcrthclis8, opportunities
havc ari8LtL for cxplorinkj ncw wuy% of w()rsliippinbY and serving th¢ comniunity and in¢rcased
usc is Ixingy madc (Ificchnology io broadL<i%l %ctvi¢¢s.
Oiir l<)iul churLhe4 hav¢ now bcen gToupcd into 4 hubs and thc intcntion is that they will work
more clii.%cly i(>gLihcr and ¢xplore .y$ in whicli thLy can sharL r¥SOW¢¢S and plAn ahcad.
Th¥r¥ 18 a conlinuali(In (If nii%4ii)nal and outrcach activilics ai many of our l(Kal chuwh¢s,
vfiLn supporlLd by brratLI funding from botl) Ihe C'ircuii and DislTILt.
Vork iontiiiucg ui our Sclby Sircel Mi.4i(Jn io providc a wclLvming ba%¢ and drop-in centre
whcrL fcll()wship nnd SiLPPllrt iq availi¢ hlc. A siniil<ir re81)ur¢c 1.% providcd by our
(.'liurLh which ha%.%iild 118 priipcrty bul ¢oniinuc$ il% w'i)rk Ni)rtli Flull F%iaiL as u Lla%% ()f
C'l(Jwc8 Mcmiirial Mciliiidi%i C'hurch. PrinLcs AvLnuL Mctli()di%i LliiirLli ciinlinuc.% 10 proNide
much iicedcd Iiclp iinJ %(Ipport to rcfugcc% and a8ylum.%cckcr% in partner8hip w'ith thc Open
Di)(IiN projc¢l.
(lur V¢gri(Fu8 wi)rking group% which w'c e%tabli.4hcd during Ihc prcvious year continuc to
funLlii)n lind pr(¥vid¢ suppiirt in.%pcrifi¢ arca4. Iii particular. OLir hubs arc bc¢omin8 wcII-
C51abli%hcd And arc Providing a platfomi for church¢8 to TK)ol resoujres And ide38 and to
C.h#lltnxe$ f(br ihe fulure
Tlici'c aic a ILduiing niinib¥r of active ordained minisl¢r$ in the Mcihodisl Church notionally and our
challcngc locally is to recrnit and train mor¢ Ial lay pasiors to fill 8ome rol¢s.
In commvn with national Ircnds, many ¢hur¢hes havc agein¥ and falling m¢mbcr5hip. This makes it
morc difficult l(? appiiini suitablc and willing voluntccrs t() liold ofticc and wc Lvniiiiue to explorc
dltenidiive ways io rcdLILC the burden% i)1. 8ovcrnancc amvn¥yl oiir mcmbcrs. Thc appointments i)f a
C'iiciiit Finanic QniLcf L?nd a C iTciiiI Pri)pcny and SafcgLiardin&T oifiLLr hiive sigitiiliLanily coiitribuicd
li) reduLllJU Ilic bLird¢n iil'govcmanLc oi) voluiilcers alld, sin¢¢ 3 I Au8L15t 2023. w-c hai'c bccn pleased
lo wclcoinc 2 ncw C.ITClllI Stcward.%. This is a vil
HULL (CENTRE AND WEST) METHODIST CIRCUIT ANNUAL REPORT YEAR ENDED 31 AUGUST 2023 (tontlnued) Challenges for thc future (¢ontinlledl De%piie generous and sacrificial giving by many, there is pres5UTe on SOTne ¢hurLhes lo rdise qufficienl funds to meet their financial obligations in iem)s of car¢ of tljeir bwl(tings and sUPPOrt of the CLTCUII. This clearly has the poiential to eventually limit the w'(>rk of the Circuit. H'e1'¢r, a8 a re8ult of property sales during Ihe y¢ar, our Model Trnst Fund has increased in value and is available lo provide fjnancial support to the a¢lLVLties and general operaiional costq of th¢ Circuit if the need arises. It 15 Wlth confidence thai we will approach thcsc challcng¢s and w¢ trust that with prayer we will fulfil the pUrpoS which God has in store for us. Pro>lslon of Informallon to Independent examiner: In qo far as th¢ Tnistecs ar¢ aware.. Thcrc L5 no Tclcvtsnt infiJmaiion of which ihc indcpcndcnt cxamin¢r is Linaware. and ThL Trnqiee.q havl iakLn all slep% that they ougylil lo makc Ihcm8elves aware ()f any rclevanl infomialion and to establish that the independent examiner 1.% are of lh¢ inforniation. Approved by the Trustee5 on 12 December 2023 alld 8i8ned on iheir bchAlf by.. Revd L HaynLs ISupcrini¢ndcnt Minister)
Number 29/37
Name of Circuit
Statement of Financial Activities (SOFA) for the year ended 31 August 2023
| 1 2 2a 2b 3 3a 3b 4 5 |
Notes to the accounts |
Unrestricted funds |
CMTF (Unrestricted) |
Restricted Funds | Endowment Funds | Total 2022-2023 |
Total 2021-2022 |
|
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |||
| Income and Endowments from: | ||||||||
| Donations and legacies | 4 | 250 | 11,000 | 29,500 | 40,750 | 37,000 | ||
| Charitable activities | ||||||||
| Assessments or share | 304,180 | 304,180 | 329,068 | |||||
| Other | 5 | 10,032 | 10,032 | 7,121 | ||||
| Other tradingactivities | ||||||||
| - Lettings | ||||||||
| - Miscellaneous | ||||||||
| Investments | 6 | 5,702 | 10,441 | 98 | 16,241 | 2,000 | ||
| Capital receipts | 386,481 | 386,481 | ||||||
| Other income | 7 | - | - | - | 0 | |||
| 6 | Total | 320,164 | 407,922 | 29,500 | 98 | 757,684 | 375,189 | |
| 7 8 9 10 11 12 13 14 15 16 17 18 |
||||||||
| Expenditure on: | ||||||||
| Stipends,salaries,NIC & Pension costs | 10 | 261,793 | 26,018 | 287,811 | 241,315 | |||
| District Assessment | 13,136 | 13,136 | 13,915 | |||||
| Methodist Church Fund | 62,040 | 62,040 | 66,329 | |||||
| Admin.,telephone & travel | 20,820 | 504 | 9 | 21,333 | 15,448 | |||
| Insurance,utilities,etc | 21,001 | 21,001 | 22,089 | |||||
| Maintenance on manses | 18,587 | 18,587 | 21,032 | |||||
| Expenditure on other Circuitproperty | 12,422 | 12,422 | 7,456 | |||||
| Depreciation | 11 | 735 | 735 | 606 | ||||
| Loss on Disposal of Fixed Asset | 11 | 191 | 191 | - | ||||
| Professional Fees | 2,686 | 2,686 | 3,642 | |||||
| Other Expenditure | 129 | 129 | 76 | |||||
| Grants and Donations | 38,045 | 200 | 38,245 | 50,920 | ||||
| Contributions to District Advance Fund | 4,609 | 4,609 | 8,596 | |||||
| Contributions to Connexional Pension Reserve Fund | - | 27,000 | ||||||
| Closed Church Expenses | 3,746 | 3,746 | 2,115 | |||||
| 19 | Total | 404,864 | 43,158 | 38,640 | 9 | 486,671 | 480,539 | |
| 20 21 22 23 24 25 26 27 |
||||||||
| Net income/(expenditure) | -84,700 | 364,764 | -9,140 | 89 | 271,013 | -105,350 | ||
| Transfers between funds | 0 | 0 | ||||||
| Other recognisedgains/ (losses): | -201,060 | 0 | -201,060 | 0 | ||||
| Gains/(Losses)on revaluation of fixed assets | 0 | 0 | ||||||
| Gains/(Losses)on investment assets | -396 | -108 | -504 | -806 | ||||
| Actuarial gains /(losses) on defined benefit pension schemes |
||||||||
| Net movement in funds | -285,760 | 364,368 | -9,140 | -19 | 69,449 | -106,156 | ||
| Reconciliation of funds: | ||||||||
| Total funds brought forward | 2,546,303 | 176,740 | 13,147 | 3,235 | 2,739,425 | 2,845,581 | ||
| Total funds carried forward | 2,260,543 | 541,108 | 4,007 | 3,216 | 2,808,874 | 2,739,425 | ||
| 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 Orgs. Offerings/Gifts - passed to External Orgs. |
0 0 0 0 |
|||||||
| 0 | 0 | |||||||
| 0 | 0 | |||||||
| 0 | 0 | |||||||
| 0 | 0 |
Hull (Centre and West) Circuit
Balance Sheet as at 31 August 2023
| Tangible Fixed Assets* | Notes | Unrestricted £ |
Circuit Model Trust Fund (Unrestricted) £ |
Restricted £ |
Endowment Funds £ |
Totals this year £ |
Totals last year £ |
|---|---|---|---|---|---|---|---|
| Land & Buildings | 11 | 2,110,862 | 2,110,862 | 2,311,922 | |||
| Equipment | 11 | 1,955 | 1,955 | 2,233 | |||
| Investmentproperties | 0 | 0 | |||||
| Investments | 12 | 8,925 | 2,448 | 11,373 | 11,878 | ||
| Totalfixed assets | 2,112,817 | 8,925 | 0 | 2,448 | 2,124,190 | 2,326,033 | |
| Current Assets | |||||||
| Debtors and Prepayments | 13 | 18,742 | 18,742 | 23,638 | |||
| Other | 0 | 0 | |||||
| Trustees for Methodist Church Purposes deposits |
521,183 | 767 | 521,950 | 168,097 | |||
| Central Finance Board Deposits | 155,482 | 155,482 | 230,260 | ||||
| Cash at Bank and in hand | 25,552 | 11,000 | 4,007 | 40,559 | 44,836 | ||
| Total current assets | 199,776 | 532,183 | 4,007 | 767 | 736,733 | 466,831 | |
| Creditors and Accruals (due in under 1 yr) |
14 | 52,049 | 0 | 0 | 0 | 52,049 | 53,439 |
| Net current assets(liabilities) | 147,727 | 532,183 | 4,007 | 767 | 684,684 | 413,392 | |
| Total assets less current liabilities | 2,260,544 | 541,108 | 4,007 | 3,215 | 2,808,874 | 2,739,425 | |
| Loans and creditors due after 1year | 0 | 0 | 0 | 0 | 0 | 0 | |
| Provisions for liabilities and charges | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net assets | 2,260,544 | 541,108 | 4,007 | 3,215 | 2,808,874 | 2,739,425 | |
| Funds of the Circuit | 15 | 2,260,544 541,108 4,007 3,215 |
|||||
| Unrestricted funds | 2,260,544 | 2,260,544 | 2,546,303 | ||||
| Circuit Model Trust Fund(Unrestricted) | 541,108 | 541,108 | 176,740 | ||||
| Restricted funds | 4,007 | 4,007 | 13,147 | ||||
| Endowment funds | 3,215 | 3,215 | 3,235 | ||||
| Total Funds | 2,260,544 | 541,108 | 4,007 | 3,215 | 2,808,874 | 2,739,425 |
*Details - see Note 11
HULL (CENTRE AND WEST) CIRCUIT
CASH FLOW STATEMENT
YEAR ENDED 31 AUGUST 2023
| Cash flows from operating activities: Net (expenditure)/income for the year ended 31 August Adjustments for: Capital Expenditure Depreciation charges Loss/(Gain) on investments (Gain)/Loss on sale of property (Gain)/Loss on Disposal of Equipment (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash (used)/provided by operating activities Cash flows from investing activities: Sale/(purchase) of property (Purchase) of equipment Change in cash and cash equivalents in the year Cash and Cash Equivalents b/f Rounding Cash and Cash Equivalents c/f |
(115,972) (106,156) -648 -2394 735 606 504 -796 191 4896 -1849 -1390 4288 -30209 (33,050) (111,684) (139,206) 386,481 -0 386,481 -0 274,797 (139,206) 443,194 582,399 0 1 717,991 443,194 2023 2022 |
|---|---|
| 386,481 | |
Hull (Centre and West) 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 is also an Endowment fund. 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 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
These are capitalised if they can be used for more than one year.
The freehold property is shown in the accounts at 2015 deemed values using the buildings insurance value at that date or cost if purchased subsequently. No depreciation is provided on the buildings because the trustees consider the current residual fair value (on the assumption that they had reached the end of their useful economic life by the year-end) to be not less than their current value. Any depreciation would not be material. The properties have 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 comprise amounts owed to the Circuit and also include the prepayment of the September stipend in August.
Creditors
Creditors include sundry expenses owing and also the 1st quarter assessment received in August.
Hull (Centre and West) Circuit
Notes to the Accounts (continued)
| 4. Donations and legacies | Unrestricted | Circuit Model Trust Fund |
Restricted | 2023 Total |
2022 Total |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Donations | 250 | 250 | ||||
| Legacies | 11,000 | 11,000 | ||||
| Grants received | 29,500 | 29,500 | 37,000 | |||
| Total | 250 | 0 | 29,500 | 40,750 | 37,000 | |
| 5. Charitable activities - other | Unrestricted | Circuit Model Trust Fund |
Restricted | 2023 Total |
2022 Total |
|
| £ | £ | £ | £ | £ | ||
| Lettings from non-investment | ||||||
| properties | 10,032 | 10,032 | 7,121 | |||
| Total | 10,032 | 0 | 0 | 10,032 | 7,121 | |
| 6. Investment income | Unrestricted | Circuit Model Trust Fund |
Endowment | 2023 Total |
2022 Total |
|
| £ | £ | £ | £ | £ | ||
| CAF | 21 | 21 | ||||
| Central Finance Board | 4,855 | 4,855 | 738 | |||
| TMCP | 826 | 10,441 | 98 | 11,365 | 1,262 | |
| Total | 5,702 | 10,441 | 98 | 16,241 | 2,000 | |
| 7. Other income | Unrestricted | Circuit Model Trust Fund |
Endowment | 2023 Total |
2022 Total |
|
| £ | £ | £ | £ | £ | ||
| Closing funds transferred | ||||||
| from closed church | 0 | 0 | 0 | |||
| Levy charged on sale | ||||||
| proceeds refunded | 0 | 0 | 0 | |||
| Total | 0 | 0 | 0 | 0 |
Hull (Centre and West) Circuit
Notes to the Accounts (continued)
| £ Number of trustees who were paid expenses Nature of the expenses Total amount paid £ £ Stipends Employer’s National Insurance costs Pension costs Apprenticeship levy Total ministerial remuneration Gross salaries £ Employer’s National Insurance costs £ Pension costs £ Apprenticeship levy Total lay staff remuneration £ Total stipends, salaries, NIC and pension costs £ 8. Payment to Trustees Payments made to trustees for additional services provided to the Circuit by agreement with the Reimbursement of travel, postage,stationery, gift vouchers and entertaining £ Independent examiner’s or auditors' fees for reporting on the accounts Other fees (eg: advice, accountancy services) paid to the independent examiner 10. Stipends, salaries, NIC and pension costs Stipends were paid to 6 full-time Ministers (2021-22: 6) and the costs were: £ £ £ £ 9. Fees for examination or audit of the accounts The Circuit also employs full and part-time lay staff and the costs were: Average number of full-time equivalent lay employees in the year were: |
£ Number of trustees who were paid expenses Nature of the expenses Total amount paid £ £ Stipends Employer’s National Insurance costs Pension costs Apprenticeship levy Total ministerial remuneration Gross salaries £ Employer’s National Insurance costs £ Pension costs £ Apprenticeship levy Total lay staff remuneration £ Total stipends, salaries, NIC and pension costs £ 8. Payment to Trustees Payments made to trustees for additional services provided to the Circuit by agreement with the Reimbursement of travel, postage,stationery, gift vouchers and entertaining £ Independent examiner’s or auditors' fees for reporting on the accounts Other fees (eg: advice, accountancy services) paid to the independent examiner 10. Stipends, salaries, NIC and pension costs Stipends were paid to 6 full-time Ministers (2021-22: 6) and the costs were: £ £ £ £ 9. Fees for examination or audit of the accounts The Circuit also employs full and part-time lay staff and the costs were: Average number of full-time equivalent lay employees in the year were: |
0 1 2023 Total |
2022 Total |
|---|---|---|---|
| 0 | |||
| 1 | |||
| Reimbursement of travel, postage,stationery, gift vouchers and entertaining | |||
| 503 1,524 0 165,476 15,497 43,462 808 225,243 59,564 1,165 1,232 607 62,568 287,811 2 |
|||
| 488 | |||
| 1,386 | |||
| 0 | |||
| 158,553 | |||
| 14,936 | |||
| 41,680 | |||
| 796 | |||
| 215,965 | |||
| 23,700 | |||
| 532 | |||
| 625 | |||
| 493 | |||
| 25,350 | |||
| 241,315 | |||
| 2 | 1 |
No employees received employee benefits of more than £60,000. There is no accrual for holiday pay as it is immaterial; the holiday the holiday year ends on 31 August. All staff are paid at or above the Living Wage.
Pensions
All Ministers are members of the Methodist Ministers' Pension Scheme (MMPS) which is a defined benefit scheme. The Circuit has Circuit has also formed its own pension scheme administered by NEST to comply with the requirements of the UK Government's workplace pensions legislation. All lay employees are given the option of belonging to the scheme and the Circuit makes contributions equivalent to 6% of gross earnings for all lay employees who choose to belong to the scheme.
Hull (Centre and West) Circuit
Notes to the Accounts (continued)
11 Tangible Fixed Assets
The Circuit owns 7 manses (2022: 8) of which 6 were occupied by Ministers during 2022-23. Manses not required for Ministers are let out on assured short term tenancies until they are required for future occupation by a Minister.
Other buildings comprise Selby Street Mission for which the Circuit has assumed responsibility as Managing Trustee.
Fixtures, fittings and equipment comprises office equipment and a portable baptistery.
Cost or Valuation
| Manses £ |
Other buildings £ |
Fixtures, fittings and equipment £ |
Total £ |
|
|---|---|---|---|---|
| Balance brought forward | 1,812,488 | 499,434 | 5,316 | 2,317,238 |
| Additions | 648 | 648 | ||
| Revaluations(+/-) | 0 | |||
| Disposals(-) | 201,060 | 636 | 201,696 | |
| Transfers *(+/-) | 0 | |||
| Balance carried forward | 1,611,428 | 499,434 | 5,328 | 2,116,190 |
| Basis Rate Accumulated Depreciation |
SL 5years |
|||
| Balance brought forward | 3,083 | 3,083 | ||
| Depreciation charge foryear(-) | 735 | 735 | ||
| Revaluations(+/-) | 0 | |||
| Disposals(-) | 445 | 445 | ||
| Transfers*(+/-) | 0 | |||
| Balance carried forward | 0 | 0 | 3,373 | 3,373 |
| Net Book Value | ||||
| Brought forward | 1,812,488 | 499,434 | 2,233 | 2,314,155 |
| Carried forward | 1,611,428 | 499,434 | 1,955 | 2,112,817 |
Loss on Disposal
| l | |
|---|---|
| Cost or Valuation Accumulated Depreciation Net Book Value Sale Proceeds |
636 445 |
| 191 0 |
|
| (191) |
Hull (Centre & West ) Circuit
Notes to the Accounts (continued) 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 | ||||
|---|---|---|---|---|
| Circuit Model Trust Fund Endowment 2023 Total 2022 Total £ £ £ £ |
||||
| Investments listed on a recognised Stock Exchange |
||||
| Investments held in common investment funds, | 8,924 | 2,449 | 11,373 | 11,878 |
| Securities not listed on a recognised Stock Exchange | ||||
| Other investments | ||||
| Change in investment values | 8,924 | 2,449 | 11,373 | 11,878 |
| Carrying (market)value at beginningofyear | 9,320 | 2,558 | 11,878 | 12,674 |
| Add:additions to investments at cost | ||||
| Less:disposals at carryingvalue | ||||
| Netgain/(loss)on revaluation | -396 | -109 | -505 | -796 |
| Carrying (market)value at end ofyear | 8,924 | 2,449 | 11,373 | 11,878 |
Hull (Centre and West) Circuit
Notes to the Accounts (continued)
| Notes to the Accounts (continued) | **Hull(Centre and West) ** | **Hull(Centre and West) ** | Circuit |
|---|---|---|---|
| Prepayments Rent receivable Other debtors Total debtors and prepayments 14. Creditors and accruals (due in under 1 year) Income received in advance Trade creditors Other creditors Total creditors and accruals 13. Debtors and prepayments |
Unrestricted 2023 Total £ £ 15,307 15,307 0 0 3,435 3,435 18,742 18,742 Unrestricted 2023 Total £ £ 48,101 48,101 3,417 3,417 531 531 52,049 52,049 |
2022 Total £ |
|
| 19,887 | |||
| 836 | |||
| 2,915 | |||
| 23,638 | |||
| 2022 Total £ |
|||
| 48,101 | 48,101 | 53,364 | |
| 3,417 | 3,417 | 0 | |
| 531 | 531 | 75 | |
| 52,049 | 52,049 | 53,439 |
15. Capital Commitments and Contingent Liabilities
At 31 August 2023 the Circuit has no capital commitments. No Contingent liabilities were identified at 31 August 2023.
Hull (Centre and West) Circuit
Notes to the Accounts (continued)
16. Detailed analysis of individual fund movements
Unrestricted Funds
| Unrestricted Funds | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted Fund Name | Opening Balance |
Income | Expenditure | Transfers | Closing Balance |
Purpose of the fund | |
| General | 218,163 | 319,600 | 404,863 | 132,900 | Generalpurposes of the circuit | ||
| Property | 2,311,922 | 201,060 | 2,110,862 | Propertyowned bythe charity | |||
| Development | 16,218 | 563 | 16,781 | Grants to circuit churches for maintenance | |||
| Manse repairs | 0 | 0 | Upkeepand maintenance of manses | ||||
| Selby Street Mission | 0 | 0 | Mission work at SelbyStreet Mission | ||||
| 0 | |||||||
| Totals | 2,546,303 | 320,163 | 605,923 | 0 | 2,260,543 | ||
| Circuit Model Trust Fund (unrestricted) Totals Restricted Funds |
|||||||
| Opening | Income | Expenditure | Transfers | Closing | Purpose of the fund | ||
| 176,740 | 407,922 | 43,554 | 541,108 | Fundingmission work of Circuit bymaking grants | |||
| Restricted Fund Name | Opening Balance |
Income | Expenditure | Transfers | Closing Balance |
Purpose of the fund | |
| Benevolent Fund | 202 | 200 | 2 | Support for individuals in specific need | |||
| Selby Street Mission | 14,102 | 8,697 | 5,405 | Maintenance and upkeepof SelbyStreetproperty | |||
| Mosaic Fund | -1,156 | 29,500 | 29,744 | -1,400 | Support for work at Mosaic Church | ||
| Totals | 13,148 | 29,500 | 38,641 | 0 | 4,007 | ||
| Endowment Name | How the capital is invested | The current value of the capital |
Annual income | What the income was used for | |||
| Mrs JM Pexton | CFB Managed Mixed Fund units and | 3,216 | 98 | Reinvested | |||
| on deposit at TMCP | |||||||
| Totals | 3,216 |
98 |
Hull (C•ntre and West) Clr¢uit DECLARATIONS Tr•asurnr I confim that these accrual based acuunts for the year ended 31 Augusl 2023 have been prepared from the records of the Circurt and that they inctude all funds under the o)ntrol of the Circurt Meeting. Swnaiure of Treasurer 12-D*23 Nam8 of Tr&wurer Mr MH Lucas IUrt ejo Bricknell Avenue Methodtst Church 277 Brkne11 Avenue, Hull HUS 4TJ Pr•s•ntatlon to th• Clrcuft Meotlng for approv•l. I wnfim Ihal the annual r8FOrt arKI a(x¥)unts for year ernlgd 31 knJust 2023 Te pres8nled lo the Circurt Pleets'ng at rts meeting on and V•pre appro1. 1241oc-23 Sunature of the ChaK of the meeting of the Chair of the mtetino Rev L Haynes 124l•c-23 17
Independent Examiner’s Report to the Trustees of the
Hull (Centre and West) Circuit
This Report is on the Circuit Accounts for the year ended 31[st] August 2023
Respective responsibilities of Trustees and Examiner
The Circuit's trustees are responsible for ensuring that the annual report and accounts for the year to 31 August 2022 present a true and fair view of the Circuit's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the General Directions given by the Charity
-
Commission under Section 145(5)(b) of the Charities Act; and
-
to state whether particular matters have come to my attention.
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 reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 130 of the Charities Act.
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name of independent examiner Signature of independent examiner Relevant Professional qualification of independent examiner Name of firm (where appropriate) Address Date
Name of Clrcult Hull (Centre and West)................................. No29137........... Declarations and Scrutiny Independent Examinerfs Report to the Trustees of the Hull (Centre and West) Clrcuit Charlty Number 1132962 R•$ponslbllltl•s and basls of report I report to Ihe trust88s on my examinatlon of the accounts of the Hull (Centre and W8St). Circult for the year ended 31 August 2023 set out on pages 7 to 16. As the Circuit's trustees, you are responsible for the preparation of the accounts in accordance wtth the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examinauon of the Clrcult's accounts carrled out under sectlon 145 of the Act and. In CayIng out my examlnation, I have followed all the appllcable Directions givan by the Charity Commission under section 145(5)(b) of the Act. Independenl Examln•rf$ Statement The Clrcult's gross Income exceeded £250,000 and l am quallfled to undertake the examlnatlon by being a qualified member of Institute of Chartered Accountants. I have completed my examination. I confirm that no malerial matters have come to my attention In connection with the examination which give me Gquse to bellev8 that in, any material respect: the accounting records were not kept In accordance wlth sectlon 130 of the Act; or the accounts do not accord with the accounting records: or the accounts do not comply with the applicable requirements concernlng the forni 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 fairf view, which is not a matter considered 88 part of an independent examination L)eleI&¥bltrTr the trustees, annual report is not consistent with the accounts I have no concems 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 Ihe accounts to be reached. I have obtalnéd Independent vertfication of 811 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 indmdually balance sheet dat6. n excess of £10,000 (ten thousand pounds) at the Slgnature of Independent examiner Name of independent examiner. Jona n Morley............ ........................................ Relevant professional qualification of in pendent examiner F.C.A. /96
Name of firm (where appropriate):J.W. Smith & Co.......................................... Address: Oberon House Ferries Street. Hedon Road Hull . Post Code HU9 1 RL Dale Aprfl 2024 /Pe