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2021-08-31-accounts

… leading, facilitating and resourcing local churches in worship, discipleship, service and mission

Trinity Methodist Circuit (25/19) Sheffield District

Trustees’ Report and Financial Statements For the year ended 31[st] August 2021

Charity Registration Number: 1133071

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TRINITY METHODIST CIRCUIT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2021

Introduction

The Circuit Stewards present their report along with the financial statements of the Trinity Methodist Circuit for the year ended 31 August 2021. The financial statements have been prepared in accordance with the attached accounting policies.

1. Reference and Administrative Details

The Charity's annual report and accounts for the year ended 31 August 2021 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102.

Trinity Methodist Circuit

Registration Charity Number: 1133071 Date of registration 02/12/09

Main communication address The Crossing Church
Newcastle Street
Worksop
S80 2AT

The members of the Trinity Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches. Full membership is shown as Appendix A to this report.

Circuit Ministers and officers

Active Circuit Ministers:

Active Circuit Ministers:
Rev J Coates Superintendent
Rev M J Cantrill Anglican Presbyter / Authorised Methodist Presbyter
Rev A Pothecary (appointed 01.09.20)
Deacon Emily Hoe-Crook (appointed 01.09.21)
Deacon David Bean Anglican Deacon / Associate Methodist Deacon

Circuit Stewards:

Mr S Welchman Mr K M Abel Mrs H Bennett Mr G Daniels (resigned 07.10.20) Mr P Mullis (Treasurer)

Operations Manager

Mr R Dearden (appointed 24.11.20)

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Administrators : Mrs D Welchman Mr D Burton

Independent examiner:

Mrs H Rotherham

Investment Bankers:

Central Finance Board of the Methodist Church Trustees for Methodist Church purposes CAF Bank Ltd.

2. Structural Overview

Aims and organisation

The Charity objective is to act as a Resource provider within the area around Retford, Worksop & Kiveton for the Methodist Church:

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church; b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of The Methodist Church; c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church; d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church

In fulfilling these purposes the Circuit promotes and supports:

The Circuit seeks to live out the calling of the Methodist Church, which is summarised this:

‘The Calling of the Methodist Church is to respond to the Gospel of God’s love in Christ and to live out its discipleship and:

Public Benefit

The Circuit provides support for the ministry team that ensures regular acts of worship take place at each of the Methodist Churches in the geographical area. Acts of worship are open to all people, without charge.

We confirm the Trustees have had regard to the Charity Commissions guidance on public benefit.

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Structure, Governance and Managemen t

The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976).

Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy Committee.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the circuit, specifically the leaflet 'The Role of a Trustee in The Methodist Church' is given to all new Circuit meeting members as induction to their role as trustees.

Related Parties

The Circuit is part of the Sheffield District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit: Carlton, The Crossing, Dinnington, Grove Street, Hallcroft, Leverton, North Anston, South Anston, Wales, Wheatley, Whitwell and Woodsetts (closed October 2021).

Risk Management

The major risks have been identified and recorded by the Circuit Finance and Property Committee with professional advice taken as required. There is a regular annual review process undertaken and recorded. Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's 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 practice outlines commitment to the following principles:

We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.

We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.

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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.

We will seek to challenge any abuse of power, especially by anyone in a position of trust.

We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult. In all these principles we will follow legislation, guidance and recognised good practice.

The Trinity 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 Trinity 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.

3. Trinity Circuit Mission Statement

Our Vision The vision of our Circuit is to be an inspiring and enabling agency in our Churches’ mission.

Our Mission The mission of our Circuit is to lead, facilitate and resource the lives of our Churches, within their communities, in their work of Christian worship, service and outreach.

The Circuit assists the Churches with practical governance issues to release members for mission, and ensures ministry is offered in collaborative, innovative and supportive ways.

Our Policy

In Worship we will:

In Discipleship (learning and caring) we will:

In Service we will:

In Mission (evangelism) we will:

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This was revised in June 2020. It is designed to be a living document and will be reviewed regularly with reports made on each section in turn at Circuit Meetings.

4. Annual Performance Review 2020-21

This year began with the arrival of a new presbyter, Rev Angela Pothecary and her husband Phil. Due to Covid restrictions we were unable to hold a circuit service, but we welcomed them to the area in a pre-recorded service at the beginning of September, with circuit members taking part in a virtual choir. We were also delighted to welcome Richard Dearden our new Operations Manager, who joined the circuit in November 2020. With the departure of Rev Geoffrey Clarke, Rev Julie Coates took on pastoral charge of The Crossing in addition to her churches in the Retford area.

We were successful in appointing a Deacon, Emily Hoe-Crook, to the circuit and more specifically The Crossing to replace Rev Geoffrey Clarke. She comes as a probationer to take up her appointment in September 2021, having trained at Queen’s in Birmingham. She impressed members of the Invitations Committee who met her online and has a good skillsset to take forward the work at The Crossing, in particular engagement with the local community.

It was with great sadness that we received the shocking news that the Rev Jen Mullis OBE had died suddenly in hospital after a period of treatment. During the Pandemic Jen had become a reassuring and inspiring presence in online services, meetings and other forums and she will be greatly missed. Rev Julie Coates agreed to take pastoral charge of Whitwell and Rev Angela Pothecary took on Wales Kiveton.

This has been a very challenging year for the Circuit with the prolonged continuation of the Covid-19 Pandemic and it is becoming clear that the consequences of this are far reaching. After the initial lockdown a number of churches had worked hard following government guidelines to reopen once they had completed rigorous risk assessments and developed appropriate safety procedures. Worship had restarted in September 2020 at a number of churches to show the recorded circuit service but with the arrival of the second wave of infections, this did not last for long.

Inevitably, for the first half of the year at least, the majority of our regular worship and outreach activities had to be conducted online. However the Circuit ‘s innovative response to the pandemic ensured that we created more professional and polished weekly recorded circuit services, which were well received, and regular early morning messages of encouragement. The Local Preacher and Worship Leaders responded well to invitations to work together in preparing online services, for example for the Bible Month initiative focusing on the Gospel of Mark.

Trinity Circuit was due to host the District Synod in September 2020, as this was held via Zoom rather than in person we were invited to lead the virtual devotions. These included testimonies from around the circuit.

Business meetings for the circuit and a number of churches continued to take place by Zoom and much valuable work has been able to be completed. Innovative online initiatives to help maintain pastoral work and to offer companionship to those isolating or living away from their family were maintained, eg Sunday morning Chat, Saturday Elevenses, as well as a resurgence of online fellowship groups and study groups.

All of this has been supported by doorstep visits and paper newsletters delivered to those without internet access. There have also been a number of opportunities for members to take part in craft activities to develop a visual witness in homes and some of our churches. The vestibule at Grove Street, for example, was lit up through winter with appropriate displays to attractive the attention of passersby.

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Once restrictions began to be lifted in Spring 2021 there was a gradual return to live worship, albeit following national guidelines relating to mask-wearing and singing, in the majority of our churches congregations began to reform and return to regular worship. In some churches attendance was not greatly different from before the Pandemic, in others there were noticeable and notable gaps.

Outdoor services were trialled with a Circuit Service held in the garden at The Crossing, a Messy Church in the carpark at The Grove and an afternoon Garden Service at Hallcroft. Some churches have taken a fresh look at the preaching plan and are experimenting with alternative forms of worship or engaging in more joint services. Spiritual growth was encouraged through daily devotions published for the ‘Thy Kingdom Come’ initiative. Future plans include a circuit wide engagement with a ‘Methodist Way of Life’.

A number of churches reached and celebrated significant milestones in spite of the Pandemic. Most notably, at The Grove the ceiling in the Sanctuary was finally repaired thanks to a grant from the Historic England Covid-19 Emergency Heritage at Risk and money gifted from the sale of Tuxford Chapel. The gallery area was completed redecorated in a striking new colour scheme of blues, grey and white. A re-opening service in May 2021 was well supported but in such a huge space social distancing was not a problem! Plans to reorder the lower part of the Sanctuary and to install a new heating system are well under way and appropriate grants are being sought. At South Anston plans were underway to celebrate the 250[th] Anniversary of Methodism in the town (1771-2021) with a circuit service and other events planned for Autumn 2021.

There were other good news stories too. In Wheatley there was a Stay at Home Lunch scheme where lunch was provided either for collection or delivery to the over 65’s or vulnerable. At The Grove planters of flowers were delivered to local Care Homes on a regular basis and this initiative was rewarded with a Retford in Bloom Award. In Dinnington Rev Martyn Atkins helped church members to undertake a review of their mission, which will help future planning. During the summer of 2020 an individual sponsored cycle challenge around the circuit in aid of All We Can raised over £3250, as well as being a means to remind circuit members of the history of the circuit.

Inevitably there were casualties of the Pandemic too. Although the cafe at The Crossing reopened in the summer of 2020, the number of customers using it was well below prePandemic levels and sadly the decision to close the cafe in 2021 became an economic necessity. This process was ably led by Richard Dearden, who managed the disappointment of employees and stake holders very well. Encouragingly ideas quickly emerged as to new possible uses of the cafe space involving partnerships with other interested parties such as Methodist Homes for the Aged, the Food Bank and YMCA. These will be taken forward from September 2021. It was also decided to rationalize the management of The Crossing and bring internal management structures and funding structures together as church-led operation. This has meant disbanding the Social Enterprise Committee and reforming other management committees. This work is ongoing but should simplify procedures.

At Woodsetts it became clear that there was no longer enough ably bodied members to fill all the church offices and a vote was taken regarding the closure of the chapel. Despite a split within the congregation, the majority view was to close and a closing service was organised for October 2021. A steering group was appointed to explore different options regarding the future of the church building.

Finally, in addition to work at The Grove, the Shepherds Avenue Manse was redecorated, a new boiler installed and other maintenance work completed ahead of the arrival of Deacon Emily and her wife Lisa.

5. Moving Forward

As the Circuit emerges from the Pandemic the Leadership Team has attempted to regroup and reassess the future shape and mission of the circuit.

We have been helped by a District level an initiative entitled ‘For such a time as this’ which invites churches to use the post Pandemic period to think carefully about how they can more

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effectively respond to the challenges they face in their local context. ‘For such a time as this’ has identified six priorities to help churches fulfil their calling. In the words of the strategy these are:

The Circuit has already begun to embrace this strategy and the appointment of an Operations Manager is helping us simplify administrative procedures and reduce the administrative burden laid on our ministers. We continue to look critically at our properties to ensure that they are fit for mission and to assess the viability of each congregation in terms of membership, financial strength and potential to recruit suitable office holders. We have identified a number of strengths across the Circuit, but also some obvious causes of concern. We envisage that the future shape of the circuit will be around three main hubs at Retford, Worksop and Anston / Dinnington. We need to look very carefully at the circuit’s financial situation, recognising that many of our assets are wrapped up in property (chapels and manses) leaving us short of liquid assets to maintain staffing levels and support mission initiatives.

6. Financial Overview

Introduction

The Circuit provides for:-

There is a general Unrestricted Fund, a Model Trust Fund, which is available for buildings, new projects and general expenditure of the Circuit, and a restricted Bequests Fund.

Interest received from the Bequest Funds is available for general use.

Unlimited amounts may be drawn from the Circuit Advance Fund for general use upon application.

The Circuit is governed by the Circuit Meeting which oversees the whole life of the Circuit. The Leadership Meeting which has authority to act on behalf of the Circuit Meeting to take forward the Circuit Policy and to consider and recommend to the Circuit Meeting areas of new policy.

Review of the year

We have 40 trustees.

The outstanding loan to Carlton has been reduced to £40,000. The outstanding loan to South Anston was £1,750 at the year end and is due to be repaid by the end of March 2022. A loan of £13,000 was made to The Crossing for essential works to their heating controls; this is being repaid by monthly instalments of £100. A short term loan of £2,000 was extended to Leverton in July; this was repaid in November 2021.

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A grant was made during the year to Grove Street (£20,000) for a previously agreed building scheme. Further grants were made to churches to cover the shortfall in payments received from the Governments Coronavirus Job Retention Scheme for furloughed staff as follows, The Crossing SEC (£1,916) and The Crossing Café (£112).

No draw down was made from the Model Trust Fund to meet general expenditure in 2020/21.

The Circuit continues to successfully fulfil its Mission Statement which is continually reviewed and will be updated as required.

Income trends

Circuit income is primarily drawn from the assessment paid by the Circuit Churches. With the impact of Covid-19 and financial insecurity experienced by a number of churches, there is a likelihood of reduced income from Assessments in future and this will need to be monitored carefully. The lettings income relates to the rental of 4 manses. Other income is generated from printing, recharged expenses and sundry items. The Circuit were fortunate to be awarded a £30,000 grant over three years to support the appointment of an Operations Manager and an initial payment of £12,000 was made in this current financial year.

Expenditure trends

Stipend expenditure has increased each financial year in line with conference approved increases.

18% of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church.

Fund balances

As at 31 August 2021 the net current assets of the Circuit were £453,195, giving approximately 22 months cover for expenditure.

Plans for 2021/22

Circuit financial plans for the coming year have been prepared on the basis that there will be 2 full time ordained members of staff and 1 Probationer Deacon with anticipated cost of living stipend increases. A small decrease is anticipated in the Assessment paid to the district. In addition a Circuit Operations Managed was appointed in November 2020 on a three-year fixed term contract.

Reserves Policy

It is the policy of the Circuit to maintain unrestricted funds at a level which is sufficient to cover twelve months running costs.

The Policy for the Model Trust Fund (previously Circuit Advance Fund) (restricted fund) is £80,000 for anticipated property expenses.

Investment policy

Surplus funds in the General Account are invested in the Methodist Church Central Finance Board. Bequests Fund, where the capital is used to generate income for general use, is similarly invested.

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Circuit Stewards responsibilities in relation to the financial statements

The Circuit Stewards are responsible for preparing a circuit annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Circuit Stewards to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and statements for application of resources, of the charity for that period. In preparing the financial statements, the Circuit Stewards are required to:

The Circuit Stewards are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Circuit Stewards are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the Circuit Stewards on 24[th] February 2022 and signed on their behalf by:

………………………………………… - Superintendent Minister

………………………………….……… - Circuit Steward

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Trinity Methodist Circuit

Circuit No 25/19

Statement of Financial Activities (SOFA) for the year ended 31 August 2021

Income Notes to
the
accounts
General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2020-21
£
£
£
£
£
£
1 Donations and legacies - - - - - 0
2 Income from monetaryinvestments 34 1,202 - 434 9 1,678
3 Income from investmentproperties 4 26,550 - - - - 26,550
4 Assessments on Churches 5 149,018 - - - - 149,018
5 Capital Receipts - 21,691 - - - 21,691
6 Grants received 12,000 - - - - 12,000
7 Other charitable income - - - - - 0
8Total income 187,601 22,893 - 434 9 210,936
Expenditure
9 Grants and donations 8 338 22,028 - - - 22,366
10 Salaries and associated costs 9 121,575 - - - - 121,575
11 Propertymaintenance 20,499 - - - - 20,499
12 Connexional assessment & model trust levy - - - - - 0
13 District Assessment & Levy 36,192 13,276 - - - 49,468
14 Depreciation - - - - - 0
15 Office expenses 10 7,206 - - - - 7,206
16 Other outgoings 11 15,671 587 - 241 3 16,502
17Total charitable expenditure 201,481 35,891 0 241 3 237,616
18 Gains/(losses)on monetaryinvestments - 3,280 - 167
-		 10 3,123
19 Gains/(losses)on investmentproperties 50,191 - - - - 50,191
20Net income/(expenditure) 36,311 -9,718 0 26 15 26,634
21 Transfers between funds 55,096 55,000
-		 - 92
-		 -4 0
22 Othergains/(losses) - - - - - 0
23Net movement in funds 91,407 -64,718 0 -66 12 26,634
24 Total funds brought forward 2,052,107 343,564 - 120,260 1,603 2,517,534
25 Total funds carried forward 2,143,513 278,846 - 120,194 1,615 2,544,168

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Trinity Methodist Circuit

Circuit No 25/19

Statement of Financial Activities (SOFA) for the year ended 31 August 2020

Income Notes to
the
accounts
General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2019-20
£
£
£
£
£
£
1 Donations and legacies - - - - - 0
2 Income from monetaryinvestments 166 1,238 - 1,027 14 2,444
3 Income from investmentproperties 4 27,040 - - - - 27,040
4 Assessments on Churches 5 166,865 - - - - 166,865
5 Capital Receipts - - - - - 0
6 Grants received - - - - - 0
7 Other charitable income 3,883 - - - - 3,883
8Total income 197,955 1,238 - 1,027 14 200,233
Expenditure
9 Grants and donations 8 5,165 7,157 - - - 12,322
10 Salaries and associated costs 9 101,013 - - - - 101,013
11 Propertymaintenance 9,671 - - - - 9,671
12 Connexional assessment & model trust levy - - - - - 0
13 District Assessment & Levy 36,192 1,109 - - - 37,301
14 Depreciation 707 - - - - 707
15 Office expenses 10 8,323 - - - - 8,323
16 Other outgoings 11 24,388 89 - 239 3 24,719
17Total charitable expenditure 185,458 8,355 0 239 3 194,056
18 Gains/(losses)on monetaryinvestments - 321
-		 - 81 3 -237
19 Gains/(losses)on investmentproperties 161,804 - - - - 161,804
20Net income/(expenditure) 174,300 -7,438 0 869 13 167,744
21 Transfers between funds 253,108
-		 253,449 - 332
-		 -10 0
22 Othergains/(losses) - - - - - 0
23Net movement in funds -78,808 246,011 0 537 4 167,744
24 Total funds brought forward 2,130,914 97,553 - 119,723 1,600 2,349,790
25 Total funds carried forward 2,052,107 343,564 - 120,260 1,603 2,517,534

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Trinity Methodist Circuit

Circuit No 25/19

Balance Sheet as at 31 August 2021

Fixed Assets Notes to the
Accounts		 General Fund
(Unrestricted)
£		 Circuit Model
Trusts
(Unrestricted)
£		 Designated
Funds
(Unrestricted)
£		 Restricted
Funds
£		 Endowment
Funds
£		 Totals
2020/21
£		 Totals
2020/21
£		 Totals
2019/20
£
Circuit Manses & Equipment 14 849,328 849,328 255,570
Investmentproperties 15a 1,211,214 - - 1,211,214 1,754,781
Investments 15b - 21,151 - 8,665 615 30,431 27,308
Total fixed assets 2,060,542 21,151 0 8,665 615 2,090,973 2,037,659
Current Assets
Debtors 10,887 - - - - 10,887 9,545
Loans bythe Circuit 16 13,102 53,950 - - - 67,052 63,495
Investments with TMCP - 203,744 - 111,529 1,000 316,273 388,234
Central Finance Board Deposits 78,217 - - - - 78,217 39,665
Cash at Bank and in hand 5,175 - - 5,175 9,926
Total current assets 107,381 257,694 0 111,529 1,000 477,604 510,865
Current liabilities
Creditors (due in under 1 year) 24,410 24,410 30,990
Grantspayable within 2020-21 0 0
Total current liabilities 24,410 0 0 0 0 24,410 30,990
Net current assets/liabilities 82,971 257,694 0 111,529 1,000 453,195 479,875
Total assets less current liabilities 2,143,513 278,846 0 120,194 1,615 2,544,168 2,517,534
0
0
0
2,143,513
278,846
0
120,194
1,615
2,544,168
Long term liabilities
(due after more than oneyear)
Grantspayable after 2020-21 0 0
Loans to the Circuit 0 0
0 0
Net assets 2,143,513 278,846 0 120,194 1,615 2,544,168 2,517,534
Funds of the Circuit 2,143,513
278,846
0
120,194
1,615		 2,143,513
278,846
0
120,194
1,615		 2,143,513
278,846
0
120,194
1,615		 2,143,513
278,846
0
120,194
1,615		 2,143,513
278,846
0
120,194
1,615
General Fund(Unrestricted) 2,143,513 2,143,513 2,052,107
Circuit Model Trust Fund (Unrestricted) 278,846 278,846 343,564
Designated Funds(Unrestricted) 0 0 0
Total Unrestricted Funds 2,422,359 2,395,671
Restricted Funds 120,194 120,194 69,452
Endowment Funds 1,615 1,615 52,412
Total Funds 2,143,513 278,846 0 120,194 1,615 2,544,168 2,517,535

Signed

Circuit Treasurer

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Trinity Methodist Circuit

Notes to the Accounts For the year ended 31 August 2021

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:

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.

Public benefit entity

The Trinity Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note.

Content

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £ sterling, being the functional currency, rounded to the nearest pound.

Going concern

Based upon the resources available to them, at 31 August 2021, the trustees consider that the circuit is a going concern.

Income Recognition

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Resources Expended

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

Grants

Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

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Tangible fixed assets for use by the Circuit

Tangible fixed assets for use by the Circuit are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Equipment – 25% reducing balance basis.

Held within fixed assets are six properties purchased as manses by the Circuit. From 1[st] September 2020 two of these manses were occupied by ministers and the other four were included as Investment Properties as they are rented out on short term tenancies. The tenancy on one property ended on 30[th] June 2021 to be prepared for occupation by a minister from 1[st] September 2021.From 1[st] September 2021 three manses are occupied by ministers and three rented out on short term tenancies and included as Investment Properties. The trustees consider that having reviewed the market value of the properties held as manses that this is in excess of the original cost and therefore no depreciation is required to be provided.

Investment Properties

Investment properties are properties originally purchased as manses but where no minister is in occupation. The trustees have rented out these properties on short term tenancies generating rental income for the Circuit. These properties were included in the 2016/17 accounts at their estimated fair values based upon the website Zoopla.com valuations of similar properties and market trends. Since 2017/18 adjustments have been made to estimate their fair value based on insured value.

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 includes the payment of the September stipend in August and loans to churches within the Circuit.

Creditors

Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.

Pensions

The Circuit contributes to the Methodist Ministers Pension Scheme which is a defined benefit scheme. The scheme is a multi-employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the Circuit. The scheme is accounted for as a defined contribution scheme.

The Circuit also contributes to private pension schemes of lay workers and administrative staff.

Contributions are recognised in the SOFA in the period in which they become payable in accordance with the rules of the scheme.

4. Income from Investment Properties

Properties purchased as manses which are not required to house a Minister are let on Shorthold Tenancy Agreements. The Net income for the year ending 31[st] August 2021 is £26,555.

5. Assessments on Churches

The amount of assessment paid by each Church is negotiated between the church and Circuit Leadership Team with the exception of LEP’s where their assessment is determined by formula according to their constitution.

6. Payment to Trustees

2020/21
Number of Trustees who were paid expenses
-
Total amount
-
7. Fees for examination or audit of the accounts
Independent examiner’s or auditor’s fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent
examiner or auditor		 2019/20
-
-
2020/21
£

0
0		 2019/20 2019/20
£
-
-

0		 0
0 0

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8. Grants

Grants made during the year were:
Grove Street building scheme
£
The Crossing for AV upgrade
£
Computers for Ministry
£
Covid 19 Furlough top up grants to churches
£
Total grants
£		 2020/21
20,000
0
338
2,028
22,366		 2019/20
20,000 2,500
0 5,000
338 165
2,028 4,657
22,366 12,322

9. Paid employees

Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind
£
Employer’s National Insurance costs
£
Pension costs
£
Apprenticeship levy
Total staff costs
£
Average number of full-time equivalent employees in the year:		 2020/21
96,710
8,314
16,028
523
121,575
5		 2019/20
86,969
4,756
8,931
357
101,013
5 6

10. Office Expenses

Office Telephones
Manse Telephones and Internet
Printing
Office Rents
Stationery
Postage
Other Office Costs
Total Office Expenses		 2020/21
£
1,193
1,142
1,254
2,500
442
584
91
7,206		 2019/20
£
1,193 670
1,142 1,576
1,254 1,317
2,500 2,500
442 944
584 1,206
91 110
7,206 8,323

11. Other outgoings

Utilities & Insurance for Circuit properties
Travel costs
Quinquennial inspections
Accountancy & independent examination
Fund administration
Removals & Relocation costs
Resources for Ministry
Training
Miscellaneous
Total Other outgoings		 2020/21
£
9,199
1,106
900
-
831
1,924
709
-
1,833
16,502		 2019/20
£
9,199 12,551
1,106 4,888
900 -
- -
831 331
1,924 3,120
709 1,060
- 322
1,833 2,447
16,502 24,719

12. Capital Commitments and Contingent Liabilities

At 31 August 2020 there are no capital commitments.

No contingent liabilities were identified at 31 August 2019.

16

13. For information only Money received and passed on to External Organisations

Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward		 2020/21
£
(46)
50
4
0		 2019/20
£ £
(46) 470
50 1,474
4 1,990
0 (46)

14. Tangible Fixed Assets

Cost or valuation

Cost or valuation
Land
£		 Manses
£		 Other
buildings
£		 Fixtures,
fittings
and
equipment
£		 Payments
on account
and assets
under
construction
£		 Total
£
Balance B/F - 255,570 - - - 255,570
Additions - - - - - -
Revaluations (+/-) - 20,657 - - - 20,657
Disposals (-) - - - - - -
Transfers*(+/-) - 573,101 - - - 573,101
Balance C/F - 849,328 - - - 849,328

Accumulated depreciation

Balance B/F - - - - - -
Depreciation charge
for year (-)		 - - - - - -
Revaluations (+/-) - - - - - -
Disposals (-) - - - - - -
Transfers*(+/-) - - - - - -
Balance C/F - - - - - -
Net book value
Brought forward - 255,570 - - - 255,570
Carried forward - 849,328 - - - 849,328

The amount included in Freehold Property represents the cost of manses for use of the Circuit. Any surplus manses that are rented out on short tenancy agreements are transferred to Investment Properties. The manses have been revalued this year on the basis of insured value.

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15. Investment assets

a. Investment Properties

Manses **Total **
£ £
Balance brought forward 1,754,781 1,754,781
Additions - -
Revaluations (+/-) 29,534 29,534
Disposals (-) - -
Transfers (+/-) (573,101) (573,101)
Balance carried forward 1,211,214 1,211,214

Manses held as investment properties have been revalued on the basis of insured value.

b. Other Investments

The funds that support the Circuit Model Trust Fund and Bequest Fund are held by TMCP in the Trustees Interest

Analysis of investments movements

**This year ** **Prev year **
Investments listed on a recognised Stock Exchange - -
Investments held in common investment funds 30,431 27,308
Securities not listed on a recognised Stock Exchange - -
Other investments - -
Total 30,431 27,308
Change in investment values
Carrying (market) value at beginning of year 27,308 27,545
Add: additions toinvestments at cost - -
Less: disposals at carryingvalue - -
Net gain/(loss) on revaluation 3,123 (237)
30,431 27,308

16. Loans

The Circuit does not have any loans.

The Circuit has made the loans to Carlton, South Anston and The Crossing and Leverton churches to be repaid within an agreed length of time. The amounts outstanding as at 31 August 2021 were:

Carlton £40.000 South Anston £1,750 The Crossing £23,302 Leverton £2,000 Total £67.052

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17. Detailed analysis of individual fund movements 2020-21

Unrestricted Funds Unrestricted Funds
Unrestricted
Fund Name		 Opening
Balance		 Incoming
Resources
Resources
Expended		 Transfers Gains/
Losses		 Closing
Balance		 Purpose of the
fund
General 2,052,107 187,601 (201,481) 55,096 50,191 2,143,513 General use
Circuit Model
Trust		 343,564 22,893 (35,891) (55,000) 3,280 278,846 General use
Totals 2,395,671 210,494 (237,372) 96 53,471 2,422,360
Restricted Funds
Restricted Fund
Name		 Opening
Balance		 Incoming
Resources
Resources
Expended		 Transfers Closing
Balance		 Purpose of the
fund
Agencyfund (46) 50 4 0 (46) Connexional funds
Totals (46) 50 4 0 0
Endowment Name How the
capital
is
invested		 The current
value of the
capital		 Nett Annual
Income		 What the income is
used for
Fletcher,Trust1271 TMCP 982 3 Generaluse
Towne,Trust4388 TMCP 505 1 Generaluse
Ragsdale,Trust16499 TMCP 41,982 57 Generaluse
Anonymous gift,Trust7544 TMCP 8,665 41 Generaluse
DevelopmentFund ex Tuxford15648 TMCP 444 1 Reinvested
Sale of Laxtonex Tuxford17028 TMCP 69,102 94 Reinvested
BriggsMemorial,Trust1190 TMCP 128 2 Reinvested
Totals 121,808 199

The reason for the transfers between funds were as follows: To meet general expenditure

19

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 .………………………………………………………

30/05/2022 Date …………………………………………...…………..

Name and address of treasurer: Mr Philip S Mullis Panbride, 8 Springwell Crescent, Beighton, Sheffield, S20 1XB

Presentation to the Circuit Meeting

I confirm that the annual report and accounts for the year ended 31[st] August 2021 have been presented to the Circuit meeting held on 24[th] February 2022.

Signature of the Chair of the meeting ………………………………….…………………… Name of the Chair of the meeting Revd Julie Coates Date ……………………………………………….……… 30th May 2022

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Independent Examiner’s Report to the Trustees of the

Trinity Methodist Circuit 25/19 Charity Number 1133071

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the Trinity Methodist Circuit for the year ended 31 August 2021 set out on pages 11 to 19. 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.

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 which give me cause to believe that in, any material respect:

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 ………………………………………………………. Name of independent examiner Heather I Rotherham

Relevant professional qualification of independent examiner HNC Business Studies

Name of firm (where appropriate) N/A

Address

14 Waterthorpe Rise

Westfield

Sheffield S20 8NA

20/02/2022

Date

…………….…………………………………………

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TRINITY METHODIST CIRCUIT

Appendix A

Trustees of Trinity Methodist Circuit

Mr KM Abel Mrs S Baggaley Mr M Bagshaw Miss I Bannister resigned 30/10/21 Mr GR Bennett Mrs H Bennett Mr L Bland resigned 31/08/21 Mrs S Boyles Mrs B Bradley Mrs K Bradley Mr GW Brown Mr D Burton Mrs D Carruthers resigned 30/10/21 Mrs G Cawthorne Rev JI Coates Mr R Coyne Mrs B Foster Mr J Fretwell resigned 31/08/21 Mrs J Fuller resigned 30/10/21 Rev’d A Hindmarch appointed 01/01/22 Mrs H Hindmarch appointed 01/09/21 Mr P Hinchliffe Mrs V Hinchliffe Mrs JM Hodgson Deacon Emily Hoe-Crook appointed 01/09/21 Mr J Horsfield appointed 09/01/22 Mr JL Jenkin Mr AE Laurie Mr J Marsden Rev D Morris resigned 26/07/21 Mrs S Mould resigned 31/08/21 Mr P Mullis Rev JS Mullis OBE deceased 09/05/21 Mrs S Osborn Rev A Pothecary Miss NJ Rowson Mrs D Sidney Mrs H Skidmore resigned 04/04/21 Mrs J Smith Mrs K Smith Rev B Stevens deceased 29/08/21 Mrs JM Sykes Mrs J Thomas Mr C Walker Mrs SJ Walker Mrs AD Welchman Mr WS Welchman Mrs A Westerby Mrs J Westerby Mr G Wynne

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