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2022-08-31-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 2022

Charity Registration Number: 1133071

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TRINITY METHODIST CIRCUIT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022

Introduction

The Circuit Stewards present their report along with the financial statements of the Trinity Methodist Circuit for the year ended 31 August 2022. 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 2022 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (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
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 P Mullis (Treasurer) (resigned 31.08.22)

Operations Manager

Mr R Dearden

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.

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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.

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.

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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.

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.

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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:

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 2021-22

This year began with the arrival of a new member of staff, Deacon Emily Hoe-Crook, who joined us as a Probationer, having trained at Queen’s in Birmingham. She is based largely at The Crossing in Worksop, and her main focus has been to build up a congregation which struggled to recover from the Pandemic, whilst developing new work within the local community. She and her wife Lisa were welcomed at a well-attended circuit service in The Crossing in September.

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The period from September to Christmas saw congregations continuing to readjust to life beyond the Pandemic, with some recovering strongly and others significantly weakened by the loss of previously active members and office holders.

South Anston celebrated the 250[th] Anniversary of Methodism in the town (1771-2021) with a circuit service led by Rev Gill Newton, Chair of District, and other events. This was followed by another successful Christmas Tree Festival.

At The Crossing Hazel Tengku Chik Melewar from the Alzheimer’s Society came to talk about the Dementia Friends initiative. This training is a key step on The Crossing’s path to being recognised as a ‘Dementia Friendly Church’.

The Grove was able to once again hold its Star Festival, which was well received. Following a review of its patterns of worship and life style, the management of its building and land and its community and global engagement, The Grove was awarded the Bronze Eco Church.

The New Year saw the launch of a new bi-monthly newsletter entitled ‘Circuit Chat’. Its aims are:

The first few editions have been informative and well received and have also included a reflection from one of the ministers.

The period from January to Easter was overshadowed by the outbreak of war in Ukraine and churches supported a number of appeals for financial aid, as well as praying for a swift reconciliation of the conflict. During this period a number of churches restarted activities, which had been successful before the Pandemic. These included:

The final period of the year included a visit to the circuit from the President of Conference, Rev Sonia Hicks, who preached at a circuit service at The Grove. This was an opportunity to enjoy worship in the partly redecorated sanctuary and the music was led by an ecumenical Retford choir, which performed Vaughan Williams’ anthem ‘Let All the World In Every Corner Sing.’ The service included an introduction to the Walking with Micah project and this was followed up by a justice conversation on Zoom some days later. Following the well attended service, Rev Sonia shared a delicious buffet lunch with the Circuit Leadership Team in the garden of Spen and Di Welchman.

The final months of the year also included our celebration of the Queen’s Platinum Jubilee. Afternoon tea parties were held at a number of churches and provided an opportunity to engage with members of the local community. A Jubilee concert was held at The Crossing, who welcomed the award-winning Carlton Main Frickley Colliery Band.

During this final period of the year we held a Circuit Mission Conversation to encourage churches to think more intentionally about ways in which they can engage with their local community and develop their own individual mission. A good example of this took place during the summer holidays at The Crossing with a number of different events held under the banner ‘A Summer of Wellness’. This is a continuation of the church’s programme to be a Dementia Friendly church.

In a similar vein Rev Julie Coates led a number of services at the Grove where groups who use the premises during the week were invited to showcase their work in the service. These groups included the Rattlejag Morris Dancers, a community choir and a newly formed craft

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group. We also welcomed Retford’s mayor, Sue Shaw, who has invited Julie to be her chaplain for her year in office.

Finally in August we welcomed Rev Angela back from her Sabbatical and look forward to hearing what she learnt and experienced with regard to Pioneer Ministry. We were also delighted to hear about the arrival of two Ukrainian guests who are living with Emily and Lisa at the Worksop Manse. Requests for financial and practical assistance were generously answered by circuit members happy to help with such a worthy cause. We look forward to hearing how our guests adapt to Worksop life and wish them well in their future here.

5. Moving Forward

As the Circuit reassesses its position following the Pandemic, the Leadership Team continues to examine the future shape and mission of the circuit. During August we received a request from Rev Angela Pothecary to reduce her full-time appointment to a 0.6 appointment. We have supported her in this as her request was made on health grounds, but this will mean some reorganisation and restructuring during 2022-23, including the appointment of supernumerary minister, Rev Meg Burton, to cover some responsibilities in Carlton and South Anston. Rev Julie Coates has also accepted the post of Deputy Chair of District from September 2022, and will need to help cover for Rev Gill Newton’s year as President of Conference (from July 2023).

We continue to be helped by the District initiative ‘For such a time as this’ which invites churches to use the post Pandemic period to think carefully about how they can more 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:

The Circuit has embraced this strategy and our 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. Carlton has indicated that its situation is precarious in terms of finance and potential office holders, and the Leadership Team will work closely with them to assess the best way forward. Other societies are likely to reach a similar position shortly. The Church at Wheatley has agreed to close its Methodist chapel so that it can work solely from the Anglican building and bid for funding to improve facilities there. Conversations about rationalising property assets are also ongoing in Leverton, where one small united congregation seeks to maintain three properties (two Anglican, one Methodist).

We envisage that the future shape of the circuit will be around three main hubs at Retford, Worksop and Anston / Dinnington.

It is encouraging to note that the congregation at The Crossing has grown in the last year with new members added and former members returning. Numerical growth has been accompanied by a renewed sense of mission. Parts of the property are being rented out to improve the income stream.

At The Grove a series of significant funding bids have been successful in the last year, meaning that the installation of a new heating system and other internal alterations will be ongoing during 2022-23. More funding is still needed but the Redevelopment Project is picking up speed and completion is in sight.

At South Anston initial work has started to consider whether a redevelopment of the Sanctuary, with the removal of pews, is desirable to increase community use of this space.

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We continue 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. We have begun the process of selling two of our three surplus manses in order to create a fund which can help support staffing levels and we are still in the process of attempting to sell Woodsetts Chapel.

In terms of staffing structure we have important decisions to make in 2022-3 as a number of appointments draw to an end (see below), whilst additional lay appointments such as an Operations Manager for The Grove and The Crossing appear necessary and desirable.

We will need to seek grant funding to take us forward whilst being aware that financial sustainability may require difficult future decisions to be made.

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 Model Trust 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 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, the amount outstanding at 31[st] August 2022 is A short term loan of £2,000 was extended to Leverton in July 2021; this was repaid in November 2021.

A grant was made during the year to Whitwell Methodist Church of £21,700, this being the proceeds of sale of local property.

A draw down of £59,158 was made from the Model Trust Fund to meet general expenditure in 2021/22.

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

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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, the second instalment of £10,000 was made in this current financial year.

Expenditure trends

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

15% 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 2022 the net current assets of the Circuit were £344,980, giving approximately 17 months cover for expenditure.

Plans for 2022/23

Circuit financial plans for the coming year have been prepared on the basis that there will be 1 full time and 2 part time ordained members of staff, and 1 Probationer Deacon with anticipated cost of living stipend increases. No change is anticipated in the Assessment paid to the district.

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.

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:

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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 20[th] February 2023 and signed on their behalf by:

………………………………….……… - Circuit Steward

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Trinity Methodist Circuit

Circuit No 25/19

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Income Notes to
the
accounts
General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2021-22
£
£
£
£
£
£
1 Donations and legacies - - - - - 0
2 Income from monetaryinvestments 113 1,395 - 597 12 2,117
3 Income from investmentproperties 20,667 - - - - 20,667
4 Assessments on Churches 133,913 - - - - 133,913
5 Capital Receipts - - - - - 0
6 Grants received 10,000 - - - - 10,000
7 Other charitable income - - - - - 0
8Total income 164,694 1,395 - 597 12 166,697
Expenditure
9 Grants and donations 8 513 21,700 - - - 22,213
10 Salaries and associated costs 9 167,376 - - - - 167,376
11 Propertymaintenance 4,214 - - - - 4,214
12 Connexional assessment & model trust levy 0
13 District Assessment & Levy 35,951 8,745 - - - 44,696
14 Depreciation - - - - - 0
15 Office expenses 10 7,894 - - - - 7,894
16 Other outgoings 11 27,531 641 - 343 4 28,519
17Total charitable expenditure 243,479 31,086 0 343 4 274,912
18 Gains/(losses)on monetaryinvestments 1,329
-		 - 1,291
-		 81
-		 -2,701
19 Gains/(losses)on investmentproperties 356,537 - - - - 356,537
20Net income/(expenditure) 277,752 -31,020 0 -1,037 -73 245,622
21 Transfers between funds 100,135 100,000
-		 - 132
-		 -4 0
22 Othergains/(losses) 40,000 - - - - 40,000
23Net movement in funds 417,887 -131,020 0 -1,168 -77 285,622
24 Total funds brought forward 2,143,513 278,846 - 120,194 1,615 2,544,168
25 Total funds carried forward 2,561,400 147,827 - 119,026 1,538 2,829,790

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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 26,550 - - - - 26,550
4 Assessments on Churches 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

Balance Sheet as at 31 August 2022

Fixed Assets Notes to the
Accounts		 General Fund
(Unrestricted)
£		 Circuit Model
Trusts
(Unrestricted)
£		 Designated
Funds
(Unrestricted)
£		 Restricted
Funds
£		 Endowment
Funds
£		 Totals
2021/22
£		 Totals
2021/22
£		 Totals
2020/21
£
Circuit Manses & Equipment 14 1,036,325 1,036,325 849,328
Investmentproperties 15 a 1,420,754 - - 1,420,754 1,211,214
Investments 15 b 19,823 - 7,374 534 27,731 30,431
Total fixed assets 2,457,079 19,823 0 7,374 534 2,484,810 2,090,973
Current Assets
Debtors 10,003 - - - - 10,003 10,887
Loans bythe Circuit 16 11,102 51,000 - - - 62,102 67,052
Investments with TMCP - 77,004 - 111,651 1,004 189,659 316,273
Central Finance Board Deposits 99,556 - - - - 99,556 78,217
Cash at Bank and in hand 9,084 - - - - 9,084 5,175
Total current assets 129,744 128,004 0 111,651 1,004 370,403 477,605
Current liabilities
Creditors (due in under 1 year) 25,423 25,423 24,410
Grantspayable within 2021-22 0 0
Total current liabilities 25,423 0 0 0 0 25,423 24,410
Net current assets/liabilities 104,321 128,004 0 111,651 1,004 344,980 453,195
Total assets less current liabilities 2,561,400 147,827 0 119,025 1,538 2,829,790 2,544,168
0
0
0
2,561,400
147,827
0
119,025
1,538
2,829,790
Long term liabilities
(due after more than oneyear)
Grantspayable after 2021-22 0 0
Loans to the Circuit 0 0
0 0
Net assets 2,561,400 147,827 0 119,025 1,538 2,829,790 2,544,168
Funds of the Circuit 2,561,400
147,827
0
2,709,226
119,025
1,538
2,829,790
General Fund(Unrestricted) 2,561,400 147,827
0
119,025
1,538		 2,561,400 2,143,513
Circuit Model Trust Fund (Unrestricted) 147,827 147,827 278,846
Designated Funds(Unrestricted) 0 0 0
Total Unrestricted Funds 2,709,226 2,422,359
Restricted Funds 119,025 119,025 120,194
Endowment Funds 1,538 1,538 1,615
Total Funds 2,561,400 147,827 0 119,025 0 2,829,790 2,544,168

Signed

Circuit Treasurer

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Trinity Methodist Circuit

Notes to the Accounts For the year ended 31 August 2022

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 2022, 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 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 2022 is £20,667..

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


Number of Trustees who were paid expenses
Total amount		 2021/22
-
-		 2020/21
-
-

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		 2021/22
£
0
0		 2020/21
£
0 0
0 0

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8. Grants

Grants made during the year were:
Grove Street building scheme
£
Whitwell proceeds of sale
£
Computers for Ministry
£
Covid 19 Furlough top up grants to churches
£
Total grants
£		 2020/21
0
21,700
513
0
22,213		 2020/21
0 20,000
21,700 0
513 338
0 2,028
22,213 22,366

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:		 2021/22
130,813
11,849
23,972
742
167,376
6		 2020/21
96,710
8,314
16,028
523
121,575
6 6

10. Office Expenses

Office Telephones
Manse Telephones and Internet
Printing
Office Rents
Stationery
Postage
Other Office Costs
Total Office Expenses		 2021/22
£
983
1,984
808
2,000
489
166
1,464
7,894		 2020/21
£
983 1,193
1,984 1,142
808 1,254
2,000 2,500
489 442
166 584
1,464 91
7,894 7,206

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		 2021/22
£
13,576
4,465
4,020
-
988
-
1,266
10
4,195
28,520		 2020/21
£
13,576 9,199
4,465 1,106
4,020 900
- -
988 831
- 1,924
1,266 709
10 -
4,195 1,833
28,520 16,502

12. Capital Commitments and Contingent Liabilities

At 31 August 2022 there are no capital commitments.

No contingent liabilities were identified at 31 August 2022.

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		 2021/22
£
0
0
0
0		 2020/21
£ £
0 (46)
0 50
0 4
0 0

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 - 849,328 - - - 849,328
Additions - - 40,000 - - 40,000
Revaluations (+/-) - 146,997 - - - 146,997
Disposals (-) - - - - - -
Transfers*(+/-) - - - - - -
Balance C/F - 996,325 40,000 - - 1,036,325

Accumulated depreciation

Balance B/F - - - - - -
Depreciation charge
for year (-)		 - - - - - -
Revaluations (+/-) - - - - - -
Disposals (-) - - - - - -
Transfers*(+/-) - - - - - -
Balance C/F - - - - - -
Net book value
Brought forward - 849,328 - - - 849,328
Carried forward - 996,325 40,000 - - 1,036,325

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.

17

15. Investment assets

a. Investment Properties

Manses Total
£ £
Balance brought forward 1,211,214 1,211,214
Additions - -
Revaluations (+/-) 209,540 209,540
Disposals (-) - -
Transfers (+/-) - -
Balance carried forward 1,420,754 1,420,754

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 27,731 30,431
Securities not listed on a recognised Stock Exchange - -
Other investments - -
Total 27,731 30,431
Change in investment values
Carrying (market) value at beginning of year 30,431 27,308
Add:additions to investments at cost - -
Less:disposals at carrying value - -
Net gain/(loss) on revaluation (2,700) 3,123
27,731 30,431

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 The Crossing £22,102 Total £62,102

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17. Detailed analysis of individual fund movements

2021-22

Unrestricted Funds

Unrestricted Funds
Unrestricted Fund
Name		 Opening
Balance		 Incoming
Resources		 Resources
Expended		 Transfers
Gains/
Losses		 Closing
Balance		 Purpose of the
fund
General 2,143,513 164,694 (243,476) 100,135 396,537 2,561,400 General use
Circuit Model Trust 278,846 1,395 (31,086) (100,000) (1,329) 147,827 General use
Totals 2,422,359 166,089 (274,562) 135 395,208 2,709,228

Restricted Funds

Restricted Funds
Restricted Fund
Name		 Opening
Balance		 Incoming
Resources		 Resources
Expended		 Transfers
Gains/
Losses		 Closing
Balance		 Purpose of the
fund
Ragsdale, Trust 16499 41,982 197 120 83 0 41,976 Model Trust
bequest
Anonymous gift, Trust
7544		 8,665 73 25 48 (1,291) 7,374 Available with
restrictions
Development Fund ex
Tuxford 15648		 445 2 1 0 0 446 Available with
restrictions
Sale of Laxton ex
Tuxford17028		 69,102 324 197 0 0 69,229 Local Model Trust
Capital
Totals 120,194 596 343 131 (1,291) 119,025
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 909 3 Generaluse
Towne,Trust4388 TMCP 506 1 Generaluse
BriggsMemorial,Trust1190 TMCP 123 3 Reinvested
Totals 1,538 7

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 2022 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 .……………………………………………………… 27.4.2023 Date …………………………………………...…………..

Name and address of treasurer:

Mr Keith Abel 8 Mattersey Road Sutton-cum-Lound Retford DN22 8PW

Presentation to the Circuit Meeting

I confirm that the annual report and accounts for the year ended 31[st] August 2022 have been presented to the Circuit meeting held on 20[th] February 2023.

Signature of the Chair of the meeting ………………………………….…………………… Name of the Chair of the meeting Revd Julie Coates

27/04/2023 Date ……………………………………………….………

29/04/2023

20

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 2022 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

29/04/2023

Date

…………….…………………………………………

21

TRINITY METHODIST CIRCUIT

Appendix A

Trustees of Trinity Methodist Circuit

Mr KM Abel
Mrs S Baggaley
Mr M Bagshaw
Mr GR Bennett
Mrs H Bennett
Mr L Bland resigned 31/08/22
Mrs S Boyles
Mrs B Bradley
Mrs K Bradley
Mr GW Brown
Mr D Burton
Rev MB Burton appointed 01/10/22
Mrs G Cawthorne
Rev JI Coates
Mr R Coyne appointed 01/09/22
Rev FM Ferriter appointed 01/09/22
Mrs B Foster
Mr J Fretwell resigned 31/08/22
Mrs J Fuller resigned 31/08/22
Mr P Hinchliffe
Mrs V Hinchliffe
Rev A Hindmarch appointed 01/09/22
Mrs H Hindmarch appointed 01/09/22
Mrs JM Hodgson
Dea E Hoe-Crook appointed 01/09/21
Mr J Horsfield appointed 01/09/22
Mr JL Jenkin
Mrs Y Jones appointed 01/09/22
Mr AE Laurie
Mr J Marsden resigned 31/08/22
Mrs S Mould resigned 31/08/22
Mrs S Osborn
Rev A Pothecary
Mrs NJ Rowson
Mrs D Sidney
Mrs H Skidmore resigned 31/08/22
Mrs J Smith
Mrs K Smith
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 deceased 25/11/22

29/04/2023

22