2022-08-31-accounts - East Lincolnshire Methodist Circuit

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Registered	Charity	-Registration		1133104
		Lincolnshire	Circuit 8o	17IS
	Nlinisters		Rev Mark Sherman
			Rev Graham Miles
			Deacon Pamela Luxton
Circuit Stewards			Mrs Anne May
			Mrs Liz Mossop
			Miss Doreen Horn
			Mrs Lynne Whitehead-Yates
			Mrs Lyn Bignell
Circuit Treasurer			Michael May {Finance Advisor)

		Notes to			Circuit Model
		the	General	Fund	Trust	Restricted	Endowment	Total
		accounts	(Unrestricted}		(Unrestricted)	Funds	Funds	2021-22
					F
Income
1 Donations and legacies				0	0	0	0	0
2 Income from monetary investments				123	1,418	160	243	1,944
3 Income from investment	properties			16,500	0	0	0	16,500
4 Assessments on Churches			165,770		0	0	0	165„7TO
5 Capital Receipts			(250,0QQ)		504,915	0	0	254,S15
6 Grants received				0	0	41,050	0	41,050
7 Other charitable income				37	Q	0	0	37
8Total income			(67,570)		506,333	41,210	243	480,216
Expenditure
9 Grants and donations				0	4,336	0		4,336
10Salaries and associated	costs			88,167	Q	35,367		123,534
11 Property maintenance				20,522	0	3,251		23,773
12Connexional assessment	8	levy on sales		38,782	153,966	0		192,748
13District Assessment 8 Model		Trust levy		10,006	5,721	0		15,T27
14Depreciation				0	0	Q		0
15Office expenses				6,475	25,000	14,752		46,228
16Other outgoings				5,158	0	2,532		7,690
17Total charitabie expenditure			16S,111		189,023	55,902		414,035
18Gains/(losses) on monetary		investments		0	(945)	(434)	(698)	(2,078)
19Gains/(losses) on investment		properties		0	0	0	0	0
20 Net income/(expenditure)			(236,680)		316,365	(15,127)	(455)	64,103
21 Transfers between funds				(5,978)	0	5,978	0	0
22 Other gains/(losses)				0	0	0	0	0
23 Net movement in funds			(242„658)		316,365	(9„149)	(455}	64,103
24 Total funds brought forward			1,453,314		164,433	47,929	13,522	'I,679,199
25Total funds carried forward			1,210,656		480,798	38,781	13,066	1,T43,301

		Notes to		Circuit Model
		the	General Fund	Trust	Restricted	Endowment	Total
		accounts	(Unrestricted)	(Unrestricted)	Funds	Funds	2020-21
						P
Income
Donations and legacies			0	0	0	0	0
2 Income from monetary	investments		67	296	269	157	78S
3 income from investment	properties		16,250	0	0	0	16,250
4 Assessments on Churches			175,692	0	0	0	175,692
5 Capital Receipts			0	46,648	(60)	0	46,588
6 Grants received			6,176	0	60,060	0	66,236
7 Other charitable income			370	Q	8,614	0	8,984
8Total income			198,554	46,944	68,884	157	314,538
Expenditure
9 Grants and donations			1,183	0	0		1,183
10Salaries and associated	costs		121,8Q7	0	34,890		156,697
11 Property maintenance			26,898	0	3,592		30,490
12Connexional assessment	8	levy on sales	26,640	9,330	0		35,970
13District Assessment 8 Model		Trust levy	12,524	3,970	0		16,494
14Depreciation			0	0	0		0
15Office expenses			13,604	0	8,169		21,T74
16Other outgoings			5,291	0	1,842		7,133
17Total charitable expenditure			207,947	13,2SS	48,493		269,739
18Gains/(losses) on monetary		investments	0	1,387	4,587	1,723	7,697
19Gains/(losses) on investment		properties	0	0	0	0	0
20 Net income/(expenditure)			(9,393)	35,031	24,97?	1,880	52,495
21 Transfers between funds			123	0	(123)	0	0
22 Other gains/(losses)			0	0	0	0	0
23 Net movement in funds			(9,2T1)	35,031	24,855	1,880	52,495
24 Total funds brought forward			1,462,585	129,402	23,015	11,641	1,626,643
25 Total funds carried forward			1,453„314	164,433	47,869	13,522	1,6?9,139

				General	Fund	Circuit	Model	Restricted	Endowment	Totals 2020
				(Unrestricted)		Trusts		Funds	Funds
			Notes to the			(Unrestricted)
			Accounts			F
Fixed Assets
Circuit Properties				1,174,000						1.,174,000
investment properties
Investments			10				10,747	16.,282	10,413	37,441
	Total fixed	assets		1,174,0OO			10,747	16„282	10,413	1,211,441
Current Assets
Debtors					10,293					10,293
Loans by the Circuit
Trustee Investment Fund at TMCP						470,052		19,739	2,654	492,444
Central Finance Board	Deposits				24,545			2,760		27,305
Cash at Bank and in hand					1,818					1,818
Total current		assets			36,656	470,052		22,499	2,654	531,86Q
Current. liabilities
Creditors (due in under	1 year)		12
Grants payable within 2020-21
Net current	assetslliabilitfes				36,656	47Q,052		22,499	2,654	531,860
Total assets less	current liabilities			1,210,656		480,798		38,781	13,066	1,743,301
Long term liabilities
(due after more than	one year)
Grants payable after 2020-21
Loans to the Circuit
				1,210,656		480,798		38,781	13,066	1,743,301
Funds ofthe Circuit
General Fund (Unrestricted)										1„210,656
Circuit Model Trust Fund (Unrestricted)										480,798
Total Unrestricted		Funds								1,691,454
Restricted Funds										38,781
Endowment Funds									13,066	13,066
	Total Funds			1,210,656		480,798		38,781	13,066	1,743,301

				General Fund	Circuit Ilodel	Restricted	Endowment	Totals 2021
				(Unrestricted)	Trusts	Funds	Funds
			Notes to the		(Unrestricted)
			Accounts
Fixed Assets
Circuit Properties				1,424,000				1,424.000
Investment properties
Investments			10		11,692	16,716		39,519
	Total fixed	assets		1,424,000	11,692	16,716	11,111	1,463,519
Current Assets
Debtors				12,291				12,291
Loans by the Circuit
Trustee Investment Fund at TMCP					152,741	19,586	2,411	174,738
Central Finance Board	Deposits			16,183		11,567		27,750
Cash at Bank and in hand				841				841
Total current		assets		29,314	152,741	31,153	2,411	215,619
Current liabilities
Creditors (due in under	1 year)		12
Grants payable within	2021-22
Total	current liabiiities
Net current	assetsliiabiliti es			29,314	152,741	31,153	2,411	215,619
Total assets less	current liabilities			1,453,314	164,433	47,869	13,522	1,6?9,139
Long term Habilities
(due after more than	one yearj
Grants payable after 2021-22
Loans to the Circuit
				1,453,314	164,433	47,869	13,522	1,679,139
Funds ofthe Circuit
General Fund (Unrestricted)				1,453,314				1,453,314
Circuit Model Trust Fund (Unrestricted)								164,433
Total Unrestricted		Funds						1,617,748
Restricted Funds								4?,869
Endowment Funds								13,522
	Total Eunds			1,453,314	164,433	47,869	13,522	1,679,139

											Circuit	Circuit
					Unrestricted						Model		Restricted		Endowment
4.Investment income										Trust Fund						Total
Year to 31stAugust 2022
Central Finance Board								123									123
TMCP												1,418		160	243	1,821
Other
Total								123				1,418				1,944
Year to 31stAugust 2021
Central Finance Board
TMCP												296		269			722
Other
Total												296			157
5.Capital Receipts													This year			Last year
													f			f
Barley Fields, Alford					Sale of		surplus			Manse			504,915			46,648
Cost of Barley Fields													(250,000)
Sale of investments																	(60)
													254,915			46,588
6.Payment to Trustees
With the exception ofStipends			paid to ministers,				no	payments				were made to		trustees for additional
services provided to the	Circuit		by	agreement		with the			Circuit		Meeting
													This year			Last year
Number oftrustees who	were		paid	expenses
Nature ofthe expenses
Expense payments primarily		relate		to reimbursement					for	travel		costs
Total Amount Paid													6,682			4,263
7.Fees for examination	or audit ofthe accounts
Independent examiner's	or auditors' fees				for	reporting
on the accounts														100			100
Other fees (eg: advice, accountancy independent examiner or auditor				services)		paid	to	the					nil			nil
8.Paid employees (including		Ministers)
Staff costs paid during the year were:
Gross wages, salaries and benefits				in kind									93,671			118,220
Employer's National insurance			Costs										21,626			10,223
Pension Costs													8,236			28,253
Total Staff Costs													123,534			156,697
Average number ofstaff	employed			during	the	year were

9.Tangible Fixe	d Assets
Cost or valuation							Year to	31stAugust	2022
			Residential	Land	Other Land	Manses	Other builidngs
								f
Balance brought	forward			570,00Q	120,000	689,QOO		45,00Q	1,424,000
Additions
Revaluations (+/-)
Disposals (-)				-95,000		-155,000			-250,000
Tra n sf ers*(x/-)
Balance carried	forward			475,000	120,000	534,000		45,QOO	1,174,000
Accumulated depreciation
		**Basis				SLor RB	SLor RB
		**Rate
Balance brought	forward
Depreciation charge for		year(-}
Revaluations (x/-)
Disposals (-)
Transfers* (x/-)
Balance carried forwards
Net book value
Brought forward			570,000		120,000	689,000		45,000	1,424,000
Carried forward			475,000		120,000	534,000		45,000	1,174,000
Cost or valuation							Year to 31stAugust		2021
			Residential	Land	Other Land	Manses	Other builidngs		Total
Balance brought	forward			570,000	120,000	689,00Q		45,000	1,424,000
Additions
Revaluations (+/-)
Disposals (-}
Transfers*(x/-)
Bala nce car ried forwa rd				570,000	120,000	689,000		45,000	1,424,000
Accumulated depreciation
		**Basis				SLor RB	SLor RB
		**Rate
Balance brought	forward
Depreciation charge for year(-)
Revaluations (x/-)
Dis p os a is (-)
Transfers* (x/-)
Baiance carried forwards
Net book value
Brought forward			570,000		120,000	689,0QO		45,000	1,424,000
Carried forward			570,000		120,000	689,000		45,000	1,424,000

determined by th	e Methodist	Co	nf	e	rence.
						This year	Last Year
						f
Investments listed	on a recognised			Stock Exchange		8,424	4,938
Investments held	in common	investment funds,				29,018	34,642
Securities not listed on.a recognised					Stock Exchange
Other investments
						37,441	39,579
Change in investment values
Carrying (market)	value at beginning				ofyear	39,519	31,823
Add: additions to	investments	at	cost
Less: disposals at	carrying value
Net gain/(loss) on	revaluation					(2,078)	7,697
Carrying (market)	value at end	ofyear				37,441	39,519
11.Analysis ofcurrent assets
Debtors and prepayments
Pre paid Stipends						9,472	12,291
Accrued income						500
Other debtors
Total debtors and	prepayments					10,293	12,291
Analysis ofcash at bank
Bank balance held	in Lloyds Bank		Pic			1,818
Total Cash and Bank						1,818	841
12.Analysis ofcurrent liabilities			and		long term creditors
Trade Creditors
Other Creditors
Total Current Liabilities

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Registered	Charity	-Registration		1133104
		Lincolnshire	Circuit 8o	17IS
	Nlinisters		Rev Mark Sherman
			Rev Graham Miles
			Deacon Pamela Luxton
Circuit Stewards			Mrs Anne May
			Mrs Liz Mossop
			Miss Doreen Horn
			Mrs Lynne Whitehead-Yates
			Mrs Lyn Bignell
Circuit Treasurer			Michael May {Finance Advisor)

		Notes to			Circuit Model
		the	General	Fund	Trust	Restricted	Endowment	Total
		accounts	(Unrestricted}		(Unrestricted)	Funds	Funds	2021-22
					F
Income
1 Donations and legacies				0	0	0	0	0
2 Income from monetary investments				123	1,418	160	243	1,944
3 Income from investment	properties			16,500	0	0	0	16,500
4 Assessments on Churches			165,770		0	0	0	165„7TO
5 Capital Receipts			(250,0QQ)		504,915	0	0	254,S15
6 Grants received				0	0	41,050	0	41,050
7 Other charitable income				37	Q	0	0	37
8Total income			(67,570)		506,333	41,210	243	480,216
Expenditure
9 Grants and donations				0	4,336	0		4,336
10Salaries and associated	costs			88,167	Q	35,367		123,534
11 Property maintenance				20,522	0	3,251		23,773
12Connexional assessment	8	levy on sales		38,782	153,966	0		192,748
13District Assessment 8 Model		Trust levy		10,006	5,721	0		15,T27
14Depreciation				0	0	Q		0
15Office expenses				6,475	25,000	14,752		46,228
16Other outgoings				5,158	0	2,532		7,690
17Total charitabie expenditure			16S,111		189,023	55,902		414,035
18Gains/(losses) on monetary		investments		0	(945)	(434)	(698)	(2,078)
19Gains/(losses) on investment		properties		0	0	0	0	0
20 Net income/(expenditure)			(236,680)		316,365	(15,127)	(455)	64,103
21 Transfers between funds				(5,978)	0	5,978	0	0
22 Other gains/(losses)				0	0	0	0	0
23 Net movement in funds			(242„658)		316,365	(9„149)	(455}	64,103
24 Total funds brought forward			1,453,314		164,433	47,929	13,522	'I,679,199
25Total funds carried forward			1,210,656		480,798	38,781	13,066	1,T43,301

		Notes to		Circuit Model
		the	General Fund	Trust	Restricted	Endowment	Total
		accounts	(Unrestricted)	(Unrestricted)	Funds	Funds	2020-21
						P
Income
Donations and legacies			0	0	0	0	0
2 Income from monetary	investments		67	296	269	157	78S
3 income from investment	properties		16,250	0	0	0	16,250
4 Assessments on Churches			175,692	0	0	0	175,692
5 Capital Receipts			0	46,648	(60)	0	46,588
6 Grants received			6,176	0	60,060	0	66,236
7 Other charitable income			370	Q	8,614	0	8,984
8Total income			198,554	46,944	68,884	157	314,538
Expenditure
9 Grants and donations			1,183	0	0		1,183
10Salaries and associated	costs		121,8Q7	0	34,890		156,697
11 Property maintenance			26,898	0	3,592		30,490
12Connexional assessment	8	levy on sales	26,640	9,330	0		35,970
13District Assessment 8 Model		Trust levy	12,524	3,970	0		16,494
14Depreciation			0	0	0		0
15Office expenses			13,604	0	8,169		21,T74
16Other outgoings			5,291	0	1,842		7,133
17Total charitable expenditure			207,947	13,2SS	48,493		269,739
18Gains/(losses) on monetary		investments	0	1,387	4,587	1,723	7,697
19Gains/(losses) on investment		properties	0	0	0	0	0
20 Net income/(expenditure)			(9,393)	35,031	24,97?	1,880	52,495
21 Transfers between funds			123	0	(123)	0	0
22 Other gains/(losses)			0	0	0	0	0
23 Net movement in funds			(9,2T1)	35,031	24,855	1,880	52,495
24 Total funds brought forward			1,462,585	129,402	23,015	11,641	1,626,643
25 Total funds carried forward			1,453„314	164,433	47,869	13,522	1,6?9,139

				General	Fund	Circuit	Model	Restricted	Endowment	Totals 2020
				(Unrestricted)		Trusts		Funds	Funds
			Notes to the			(Unrestricted)
			Accounts			F
Fixed Assets
Circuit Properties				1,174,000						1.,174,000
investment properties
Investments			10				10,747	16.,282	10,413	37,441
	Total fixed	assets		1,174,0OO			10,747	16„282	10,413	1,211,441
Current Assets
Debtors					10,293					10,293
Loans by the Circuit
Trustee Investment Fund at TMCP						470,052		19,739	2,654	492,444
Central Finance Board	Deposits				24,545			2,760		27,305
Cash at Bank and in hand					1,818					1,818
Total current		assets			36,656	470,052		22,499	2,654	531,86Q
Current. liabilities
Creditors (due in under	1 year)		12
Grants payable within 2020-21
Total	current iiabiiities
Net current	assetslliabilitfes				36,656	47Q,052		22,499	2,654	531,860
Total assets less	current liabilities			1,210,656		480,798		38,781	13,066	1,743,301
Long term liabilities
(due after more than	one year)
Grants payable after 2020-21
Loans to the Circuit
				1,210,656		480,798		38,781	13,066	1,743,301
Funds ofthe Circuit
General Fund (Unrestricted)										1,210,656
Circuit Model Trust Fund (Unrestricted)										480,798
Total Unrestricted		Funds								1,691,454
Restricted Funds										38,781
Endowment Funds										13,066
	Total Funds			1,210,656		480,798		38,781	13,066	1,743,301

				General Fund	Circuit Ilodel	Restricted	Endowment	Totals 2021
				(Unrestricted)	Trusts	Funds	Funds
			Notes to the		(Unrestricted)
			Accounts
Fixed Assets
Circuit Properties				1,424,000				1,424.000
Investment properties
Investments			10		11,692	16,716		39,519
	Total fixed	assets		1,424,000	11,692	16,716	11,111	1,463,519
Current Assets
Debtors				12,291				12,291
Loans by the Circuit
Trustee Investment Fund at TMCP					152,741	19,586	2,411	174,738
Central Finance Board	Deposits			16,183		11,567		27,750
Cash at Bank and in hand				841				841
Total current		assets		29,314	152,741	31,153	2,411	215,619
Current liabilities
Creditors (due in under	1 year)		12
Grants payable within	2021-22
Total	current liabiiities
Net current	assetsliiabiliti es			29,314	152,741	31,153	2,411	215,619
Total assets less	current liabilities			1,453,314	164,433	47,869	13,522	1,6?9,139
Long term Habilities
(due after more than	one yearj
Grants payable after 2021-22
Loans to the Circuit
				1,453,314	164,433	47,869	13,522	1,679,139
Funds ofthe Circuit
General Fund (Unrestricted)				1,453,314				1,453,314
Circuit Model Trust Fund (Unrestricted)								164,433
Total Unrestricted		Funds						1,617,748
Restricted Funds								4?,869
Endowment Funds								13,522
	Total Eunds			1,453,314	164,433	47,869	13,522	1,679,139

											Circuit	Circuit
					Unrestricted						Model		Restricted		Endowment
4.Investment income										Trust Fund						Total
Year to 31stAugust 2022
Central Finance Board								123									123
TMCP												1,418		160	243	1,821
Other
Total								123				1,418				1,944
Year to 31stAugust 2021
Central Finance Board
TMCP												296		269			722
Other
Total												296			157
5.Capital Receipts													This year			Last year
													f			f
Barley Fields, Alford					Sale of		surplus			Manse			504,915			46,648
Cost of Barley Fields													(250,000)
Sale of investments																	(60)
													254,915			46,588
6.Payment to Trustees
With the exception ofStipends			paid to ministers,				no	payments				were made to		trustees for additional
services provided to the	Circuit		by	agreement		with the			Circuit		Meeting
													This year			Last year
Number oftrustees who	were		paid	expenses
Nature ofthe expenses
Expense payments primarily		relate		to reimbursement					for	travel		costs
Total Amount Paid													6,682			4,263
7.Fees for examination	or audit ofthe accounts
Independent examiner's	or auditors' fees				for	reporting
on the accounts														100			100
Other fees (eg: advice, accountancy independent examiner or auditor				services)		paid	to	the					nil			nil
8.Paid employees (including		Ministers)
Staff costs paid during the year were:
Gross wages, salaries and benefits				in kind									93,671			118,220
Employer's National insurance			Costs										21,626			10,223
Pension Costs													8,236			28,253
Total Staff Costs													123,534			156,697
Average number ofstaff	employed			during	the	year were

9.Tangible Fixe	d Assets
Cost or valuation							Year to	31stAugust	2022
			Residential	Land	Other Land	Manses	Other builidngs
								f
Balance brought	forward			570,00Q	120,000	689,QOO		45,00Q	1,424,000
Additions
Revaluations (+/-)
Disposals (-)				-95,000		-155,000			-250,000
Tra n sf ers*(x/-)
Balance carried	forward			475,000	120,000	534,000		45,QOO	1,174,000
Accumulated depreciation
		**Basis				SLor RB	SLor RB
		**Rate
Balance brought	forward
Depreciation charge for		year(-}
Revaluations (x/-)
Disposals (-)
Transfers* (x/-)
Balance carried forwards
Net book value
Brought forward			570,000		120,000	689,000		45,000	1,424,000
Carried forward			475,000		120,000	534,000		45,000	1,174,000
Cost or valuation							Year to 31stAugust		2021
			Residential	Land	Other Land	Manses	Other builidngs		Total
Balance brought	forward			570,000	120,000	689,00Q		45,000	1,424,000
Additions
Revaluations (+/-)
Disposals (-}
Transfers*(x/-)
Bala nce car ried forwa rd				570,000	120,000	689,000		45,000	1,424,000
Accumulated depreciation
		**Basis				SLor RB	SLor RB
		**Rate
Balance brought	forward
Depreciation charge for year(-)
Revaluations (x/-)
Dis p os a is (-)
Transfers* (x/-)
Baiance carried forwards
Net book value
Brought forward			570,000		120,000	689,0QO		45,000	1,424,000
Carried forward			570,000		120,000	689,000		45,000	1,424,000

determined by th	e Methodist	Co	nf	e	rence.
						This year	Last Year
						f
Investments listed	on a recognised			Stock Exchange		8,424	4,938
Investments held	in common	investment funds,				29,018	34,642
Securities not listed on.a recognised					Stock Exchange
Other investments
						37,441	39,579
Change in investment values
Carrying (market)	value at beginning				ofyear	39,519	31,823
Add: additions to	investments	at	cost
Less: disposals at	carrying value
Net gain/(loss) on	revaluation					(2,078)	7,697
Carrying (market)	value at end	ofyear				37,441	39,519
11.Analysis ofcurrent assets
Debtors and prepayments
Pre paid Stipends						9,472	12,291
Accrued income						500
Other debtors
Total debtors and	prepayments					10,293	12,291
Analysis ofcash at bank
Bank balance held	in Lloyds Bank		Pic			1,818
Total Cash and Bank						1,818	841
12.Analysis ofcurrent liabilities			and		long term creditors
Trade Creditors
Other Creditors
Total Current Liabilities

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