EAST LINCOLNSHIRE METHODIST CIRCUIT
TRUSTEES ANNUAL REPORT
For the
ST
ear ended 31 AUGUST 2024
Introduction
The Trustees are pleased to present the Annual Report of the Trustees of the East Lincolnshire Methodist
Circuit (hereinafter referred to as "The Circuit") for the year ended 31 St August 2024.There has been
movement in the ministers serving the Circuit. On 31 August Deacon Pam Luxton retired as a minister.
Her role in the Caravan Chaplaincy will be covered by a volunteer.
Alms and organlsatlon
The Governing Document of the Charity is the Deed of Union of the Methodist Church 1932 and the
Methodist Church Act 1976. 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 forthe 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
There are now 14 places of worship in the area covered by the Circuit (see Appendix B), and they are all
open to anyone who may wish to visit them without any charge. In addition there is 1 Society which is a
class of a Church in the Circuit which meets at their Parish Church. The Circuit produces a quarterly
preaching plan to ensure that regular acts of worship take place at all the churches and chapels in its
geographical area and that the following activities take place to further the objectives set out above:.
The teaching of Christianity through sermons, courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved.
Taking religious assemblies in local schools.
Taking services in care and residential homes.
Promotion of Christianity through the staging of events and services.
Provision of chaplaincy services where appropriate.
Publlc Beneflt
The Trustees have had regard to the Charity Commission's guidance on public benefit.
Brlef flnanclal revlew of the year
The main source of income in this and every year is the assessments paid by the churches within the
Circuit area. In the year to 31 $1 August 2024, the assessments totalled £155,192 (2023: £157,575). In
addition, the Circuit received rental income from surplus properties totalling £16,834 (2023.. £15,414),
grants for the Caravan Chaplaincy of £38,050 (2023.. £38,000), a refund of £25,000 paid into the
Connexional Pension Reserve Fund in 2022 and proceeds from the sale of surplus properties of £364,875
(2023: £83,641).
The main expenditure this year is for the stipends of ministers and the salaries of lay employees, together
with related employment costs, including the provision of manses to ministers and the reimbursement of
travelling and other costs, totalling £163,238 (2023., £162,839). Other costs include contributions to the
District, £18,180 (2023: £18,316) and to the Methodist Church Fund to further the work of the wider
Methodist Church £34,320 (2023: £31,684).
Stipends have increased annually in line with conference approved percentages and lay employees are
paid, in accordance with Methodist Standing Orders, no less than the hourly rates set by the Living Wage
Foundation.
At 31 August 2024 the net current, unrestricted, assets of the Circuit were £473,290 (2023: £129,093),
compared with total revenue expenditure for the year of £268,274 (2023: £316,305, includes the levy of
£12.728 on the propety sale that year).

Plans for 2024125
Circuit financial plans for the corning year have been prepared on the basis of 2 presbyters with anticipated
cost of living stipend and pay increases combined with a significant increase in the assessments paid to
the District and Connexion. In addition, the circuit has employed part-time Propety and Finance Officers
to assist with the running of the Circuit and individual churches. These roles will be funded out of resenies
for the next two years. The Caravan Chaplaincy project may require funds from the Circuit as necessary.
The level of assessments requested from the churches in the Circuit have been adjusted for different
churches to reflect the varying financial situations in each church. As a result, the circuit has budgeted for
deficit to be funded from the net income from property sales. The future does not look very promising in
view of the continued financial problems facing churches in the circuit.
Structure, Governance and Management
The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976).
Detailed governan￿ 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 (comprising the ministers and Circuit Stewards) and the Local
Preachers meeting.
Trustee Training
A range of guidance is produced by Methodist Connexion to support the effective running of the Circuit,
including the leaflet 'The Role of a Trustee in The Methodist Church,.
Related Partles
The Circuit is part of the Lincolnshire District and is also accountable to the Methodist Conference. 15
Churches and Classes are linked to the Circuit and are listed in Appendix B to this Report.
Rlsk Management
Major risks, both physical and financial, are identified and recorded and professional advice taken as
required. There is a regular annual review process undertaken and recorded. Income and Expenditure is
monitored in total and is compared with the approved annual budget to detect trends as part of the risk
management process to avoid unforeseen calls on reserves.
Safeguardlng
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 re-creation 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..
1. the care and nurture of, and respectful pastoral ministry with, all children, young people and adults
2. the safeguarding and protection of all children, young people and adults when they are vulnerable
3. the establishing of safe, caring communities which provide a loving environment where there is
informed vigilance as to the dangers of abuse.
4. The Circuit 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.
5. The Circuit 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.
6. The Circuit will seek to work with anyone who has suffered abuse, developing with them an
appropriate ministry of informed pastoral care.
7. The Circuit will seek to challenge any abuse of power, especially by anyone in a position of trust.

8. The Circuit 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.
9. In all these principles the Circuit will follow legislation, guidance and recognised good practice
The Circurt commits itself to ensuring the implementation of Connexional Safeguarding Policy, government
legislation, guidance and safe practice in the circuit and in the churches.
The 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.
Reserves Policy
The Reserves Policy for the Circuit is to hold approximately one quarter's average expenditure. However
due to shortfalls over the past couple of years the General Fund only holds half that amount. This will only
be sufficient in the short term if churches meet their quarterly assessment liabilities in full. Further shortfalls
will be funded from the Circuit Model Trust Fund.
Legal and Admlnistrative
The Circuit's financial statements for the year ended 31 August 2024 have been prepared under the
Charities Act 2011 in accordance with the 2014 version of Accounting and Reporting by Charities..
statement of Recommended Practice (SORP) applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard for Smaller Entities(FRSEE) applicable in the UK
(effective from 1st January 2015) the Charities SORP
in replacement for the SORP'S 2005 version
specified in its related 2008 Regulations and in accordance with the "true and fair override" provision
contained therein.
Full Name of Charity:
East Lincolnshire Methodist Circuit
Registration Charity Number:
1133104
Date of registration
2014
Main communication address
Circuit Office, Louth Methodist Church, Nichol Hill, Louth LN119NQ
The members of the Circuit meeting are the Managing Trustees, membership being made up of circuit
office holders, ministers and representatives appointed by the local churches.
A full list of Trustees is
shown in Appendix A to this Report
Clrcult Mlnlsters and officers
Active Circuit Ministers
Rev Graham Miles (Superintendent Minister)
Rev Margaret Asiedu
Deacon Pamela Luxton (to August 2024)
Mrs Lyn Bignell
Miss Doreen Horn
Mrs Tricia Johnson
Mrs Anne May
Mr Bryan Utteridge
Mrs Catherine Rolph
Carl Braddy (from 1 $1 August to 30 November 2024) - Now VACANT
Paul Cooper (from 1" August 2024)
Circuit Stewards
Administrator
Finance Officer
Property Officer
th
During the year Catherine Rolph has overseen the day to day book-keeping and Michael May as finance
advisor has overseen the financial management and accounting forthe Circuit, in the absence of a Steward
able or willing to take responsibility. Michael May's role will now be taken on by Carl Braddy.
Independent examiner
Keith May Accounting Services Ltd.
Aura Business Centre, Heath Road, Skegness Lincs PE25 3SJ
Central Finance Board of the Methodist Church
Trustees for Methodist Church purposes
Lloyds Bank, Lumley Road, Skegness, PE25 3LP
Investment Bankers
Bankers

APPENDIX A
LIST OF TRUSTEES
Andrew Chambers
Ann Briggs
Anne May
Ann Moyes
Bryan Utteridge
Carol Gordon
Chris Banham
Christine Foulds
David Willson
Diane Stebbings
Doreen Horn
Doreen Silvester
Edward Mossop
Ernie Simmonds
Fred Donner
Gaynor Miles
Graham Miles (Rev)
Heather Neale
Irene Unsworth
Ivor Haythorne (Rev)
Janet Mosley
Jean Cawkwell
John Silvester
Linda Hadfield
Liz Mossop
Lyn Bignell
Margaret Asiedu (Rev}
Margaret Harrison
Marianne Haywood
Mark Harrison
Michael May
Nancy Cartwright
Neil Baxter
Neil Poulsom
Nick Adams
Norman Carr (Rev)
Pamela Luxton (Deacon) (to 31 August 2024)
Patricia Johnson
Circuit Steward
Patsy Pike
Peter Mace
Richard Neale
Roger Maidens
Sue Baxter
Susan Alldread
Circuit Steward
Circuit Steward
Circuit Steward
(from 1 St September 2024)
Superintendent Minister
Supernumerary Minister
(to 318t August 2024)
Circuit Safeguarding Officer and Circuit Steward
Minister
(to 30th October 2024)
(to 14th February 2024)
(from 1 &1 September 2024)
(to 31° August 2024)
Supernumerary Minister
sl
Local Church Pastor
(to 31. August 2024)
th
(from 12 February 2024)

APPENDIX
LIST OF CHURCHES IN THE CIRCUIT
Alford Methodist Church
Burgh le Marsh Methodist Church (up to end August 2024)
Chapel St Leonards Methodist Church
Grainthorpe Methodist Church
Louth Methodist Church
Mablethorpe Methodist Church
Marshchapel Methodist Church
Saltfleet Methodist Church
Salffleetby MethodisVAnglican L.E P
Skegness Methodist Church
Sutton on Sea Methodist Church
Thorpe Fendykes Methodist Church
Trusthorpe Methodist Church
Wainfleet Methodist Church
Withern Methodist Church
In addition there is 1 Society which is a Class of another Church and meets as indicated below:.
Fulstow (a class of Grainthorpe Methodist Church) - meets in the Parish Church
Approved by the Circuit Trustees at their meeting on io
.(signed)
.(signed)
ev Graham Miles
Superintendent Minister
Doreen Horn
Lead Circuit Steward

Circuit
Accruals Accounts
2023-24
THE METHODIST CHURCH
REPORT AND ACCOUNTS
(ACCRUALS BASIS)
for the year ended 31 August 2024
EAST LINCOLNSHIRE
Circuit
Registered Charity - Reglstratlon number
1133104
Lincolnshire
Circult No
1716
Mlnlsters
Rev Graham Miles
Deacon Pamela Luxton (to 31.8.24j
Rev Margaret Asiedu
Circuit Stewards
Miss Doreen Horn
Bryan¢ Utteridge
Mrs Lyn Bignell
Mrs Tricia Johnson
Mrs Anne May
Circuit Treasurer
Michael May (Finance Advisor) (10 31.8.24

Name of Circuit
East Lincolnshire
Circuit No 1716
ststement of Financial Activities (SOFA) for the year ended 31 August 2024
Notes to
Circuit Model
the
General Fund
Trust
Restricted Endowment
accounts {Unrestri¢ted) (Unrestricted) Funds
Funds
Total
2023-24
Income
1 Donations and legacies
2 Income from monetary investments
3 Income from investment properties
4 Assessments on Churches
5 Capital Receipts
6 Grants received
7 Other charitable income
8 Total Income
873
16,500
155,192
(121,500)
689
481
52,235
14,111
1,432
417
16,834
16,500
155,192
243,375
38,739
25,481
496,121
364,875
38,050
25,000
403,986
39,482
417
Expenditure
9 Grants and donations
10 Salaries and associated costs
11 Property maintenance
12 Connexional assessment & levy on sales
13 District Assessment & Model Trust levy
14 Depreciation
15 Office expenses
16 Other oulgoings
17 Total charitable expenditure
18 Gainsl(losses) on monetary investments
19 Gainslllosses) on investment properties
20 Net incomel(expenditure)
21 Transfers be￿een funds
22 Other gainslllosses)
23 Net movement in funds
24 Total funds brought forward
25 Total funds carried forward
4,500
98,045
28,918
34,320
18,180
10,179
14,679
137,870
32,388
34,320
21,384
39,825
3,471
3,204
14,888
7,925
206,776
325
2,217
2,277
47,790
1,243
17,431
10,202
268,274
2,751
13,708
736
771
1154,540)
34,960
391,014
(48,000)
(7,0651
13,040
1,188
230,598
10)
(119,580)
1,583,540
1,463,959
343,014
114,087
457,101
S,976
32,966
38,942
1,188
230,598
12,974 1,743,568
14,163 1,974,166

Name of Circuit
East Lincolnshire
Circuit No 1716
Statement of Financial Activities (SOFA) for the year ended 31 August 2023
Notes to
Circuit Model
the
General Fund
Trust
accounts (Unrestricted) (Unrestricted
Restricted Endowment
Funds
Funds
Total
2022-23
Income
1 Donations and legacies
2 Income from monetary investmenls
3 Income from investmenl properties
4 Assessments on Churches
5 Capital Receipts
6 Grants received
7 Other charitable income
8 Total Income
13,522
838
350
15,775
15,414
157,575
83,641
40,646
3,710
316,760
15,414
157,575
83,641
38,000
3,710
180,409
97,163
38,838
350
Expenditure
9 Grants and donations
10 Salaries and associated costs
11 Property maintenance
12 Connexional assessmenl & levy on sales
13 District Assessment & Model Trust levy
14 Depreciation
15 Office expenses
16 Other oulgoings
17 Total charltable exp•nditure
18 Gainsl(losses) on monet8ry investments
19 Gainsl(losses) on investment properties
20 Net incomel(expendlture)
21 Transfers be￿een funds
22 Other gainsl{losses)
23 Net movement in funds
24 Total funds brought forward
25 Total funds carrled forward
1,000
89,627
47,767
31,684
18,316
17,642
18,642
126,517
56,489
44,412
45,625
36,891
8,721
12,728
27,309
11,494
6,387
206,275
1,370
3,298
2,070
50,980
772
16,162
8,457
316,305
1189)
59,049
(519)
(442)
(25,866)
398,750
37,595
(404,306)
(11,370)
5,556
{92)
267
372,884
1,210,656
1,583,540
(366,711)
480,798
114,087
(5,814
38,781
32,966
(921
267
13,066 1,743,301
12,974 1,743,568

Name of Circuit
East Lincolnshire
Circuit No 1716
Balance Sheet as at 31 August 2024
General Fund
{Unrestrictedl
Circutt Model
Trusts
Iunrestrlctedl
Rèstrictgd
Funds
Endowment
Funds
Totals 2024
Noto$ to tho
Accounts
Flxed Assets
Circuit Properties
Investment properties
Inve$tmenl$
1,436,806
1,436,806
10
10,964
10,964
18.297
18,297
10,742
10.742
40,003
1.476,809
Total Ilxed assets
1.436.806
Current Assets
Debtors
Loans by the Circuit
Trustee Investment Fund 81 TMCP
Central Finan￿ Board Deposits
Cash al Bank and in hand
7,002
7,002
446,137
20,645
3,421
470,203
12,622
10,429
500,257
12,622
10,429
30,053
Total cumnt assets
446.137
20,645
3.421
Current liabilities
Creditors (due in under 1 yearl
Grants payable within 2024-25
Tot•1 current Ilabllltlo$
Not ¢urront assets/ll•bllltl•s
12
2.900
2,900
2,900
27,153
2,900
497,357
446,137
20,645
3,421
Total assets less cunynt Ilabllltl•$
1,463,959
457.101
38,942
14,163
1,974,166
Long term Ilabllltles
(due after more than one year)
Grants payable after 2024-25
Loans lo the Circuit
Net assets
1,463,969
457,101
38,942
14.163
1,974,166
Funds ofth• Circuit
General Fund Iunreslricledl
Circuit Model Trust Fund Iunreslrictedl
Total Unrestrictsd Fund5
Reslricled Funds
1,463,959
1.463,959
4S7,101
1,921,061
38,942
14.163
1,974,166
457,101
38,942
Endowment Funds
14,163
14,163
Total Funds
1,463,959
4S7,101
38.942
Signed
Circuit Finance Adviser

Name of Circuit
East Lincolnshire
Circuit No 1716
Balance Sheet as at 31 August 2023
Ggneral Fund
(Unrestricted)
Circutt Modol
Trusts
(Unrgstrictedl
Rostricted
Fund8
Endowmgnt
Fund$
Totsls 2023
Not•s to th•
Accounts
Fixed A88ets
Circuit Properties
Investment properties
Investments
1,558,306
1,558.306
10
10,228
10.228
17,054
17,054
9,971
9,971
37,252
1.595,559
Total flxed assets
1.558,306
CurrentAs80ts
Debtors
Loans by the Circuit
Trustee Investment Fund al TMCP
Central Finance Board Deposits
Cash al Bank and in hand
11
10,606
10,606
103,859
20,088
4,175
3,004
126,951
8,869
1,584
148.010
13,044
1,584
25,234
Total curront 8$$ets
103,859
15,913
3,004
Curr•nt liabilities
Creditors Idue in under 1 y88rl
Grants payablo within 2023-24
Total ¢urrent Ilabllltles
Net current Jssets/llabllltles
12
25,234
103,859
15,913
3,004
148,010
Totsl assets l•s$ ¢urront Ilabllltles
1,583,540
114,087
32,966
12,974
1,743,568
Long term Ilabllltles
(due after more than one year)
Gr8nl$ payable after 2023-24
Loans lo the Circuit
Net assets
1,583,540
114,087
32,966
12,974
1,743,568
Funds of the Clrcult
General Fund {Unreslricledl
Circuit Model Trust Fund Iunreslricledl
Total Unrestrictod Funds
Reslricled Funds
Endowment Funds
1,583,540
1,583,540
114,087
1,697,627
32.966
12,974
1,743,568
114,087
32,966
12.974
12,974
Total Funds
1,583,540
114.087
32,966
Signed
Circuit Finance Adviser

Notes to the Accounts
East Lincolnshire Circuit
l Basls of a¢¢ountlng
The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 verslon of
Accounting and Reporting by Charities.. Statement of Recommended Practice150RPI applicable to charities preparing thelr
account5 in accordance with the Financial Reporting Standard for Smaller Entities applicable in the UK lelfective frorn I
January 20151- the Charities SORP IFRSSEI- in replacement for the SORP'S 2(K)5 version Specified in its related 2008
Regulation5 and in accordance with the 'trve and fair override. provision contained therein.
2 Funds
The funds held include General Fund5 held for any purpose of the Clreult which are Unrestricted. the Clrcult Model Trust
Fund which has wlde purposes defined in Standing Orders and is categori5ed as Unrestricted, Restricted fund5 which are
held for a narrower purpose and are listed in the final Note below and Endowment funds which are a150 listed in that Note.
Any funds may be represented by rnore than just cash.
3 Accountin8 policies
Basis
These accounts have been prepared on the basls of hlstorlcal cost. except that Investrnents are shown at their market value
at the end of the year, on the accruals basis to show a true and lair view of the Circuit's financial p051tion and activities.
Income Recognltlon
Incorne is Included in the Statement of Flnancial Actlvitie5 ISOFAI when the Circult becomes entitled to the resources, and
the trustee5 are reasonably certaln they wlll receivè the resources,. and the monetary value can be measured wlth sufflclent
Resources Expended
This is recg8n15ed when a Ilablllty Is Ineurred, or a cgn5truct5ve obll8atlon arlses, that result5 In the payment belng
unavoidable. Llabllltlès are reco8ni5ed as soon as an outflow of economic beneflt is considered more Ilkely than not under
the le8al or constructlvè Dbllgatlon commlttln8 the Clrcult to pay out resources.
Grants
Grants made by the Clrcult from it5 gwn funds are reco8nlsed In full at the timè of agreement or when the Clrcuit accept5
that there Is a le8al or opèrational obllgatlon to make the payment. When thè grantls recurrent over morè than one yèar
the balance payable In future years 55 treated as a provlslon for future commltrnent5 In the Balance Sheet agaln5t the
approprlate fund, the prgvlsion beSn8 released In future years as In5talment5 are pald In accordance wlth the ori85nally
agreed terms.
VAT
Slnce the Clrcult 15 not VAT re8lstered, all Input VAT is charged wlth the expense to wh5ch It refers.
Tanglble flxed assets for use by the Clrcult
These are capitalised If their antlclpated rellable Ilfe Is more than gne year, and indlvldually cost at least £2,000.
The freehold properties are shown sn the accounts at 2015 deemed value5 or subsequent purchase cost, of which the land
component in the opinion gf the Trustees is £585,000. No depreciation 15 provided on any of the buildings because the
trustees conslder thelr current Tesldual falr value lon the assumption that they had reached the end of their useful economlc
Ilves by the year-endl to be not less than Its current valuè. Any depreclatlon would not be matèrial. The properties have
been reviewed for impalrment.
Investment Propertles
Following the5ale of a surplus manse and the retlrement of one rnini5ter, the Circult now hold5 3 rnanses and one dlsused
Church which are surplus to requlrements. One rnan5e is rented by a Syrlan refu8ee family and the disused church Is
occupied by a charity offerin8 services to the local cornrnunity. One other manse Is also rented out to provide Incorne to the
Clrcuit and the thlrd manse is on the market for sale. The four propertles are not held for their investrnent potential and are
therefore included In Freehold Property, with the disused church shown a5 Other Buildings in Note 9. The rental income 15
described in the SOFA a5"incorne from Investment Propertles as a means of highlighting the rnateriality of the income.
Investments
Investments are valued in the balance sheet at market value at the year end. Investment income 15 included in the accounts
when receivable and any 8ains or losse5 on revaluation at the year end are shown in the SOFA.
Debtors and Prepayments
Debtors relate to stlpends for September.
Credltors
Creditors relate to two amounts paid out in Septernber whlch were due for payment in August.
Impact of Accounting changes
There are no Accountin8 changes

East Lincolnshire Circuit
Circuit
Model
Trust Fund
Unrestricted
Restricted Endowment
4. Investment income
Total
Year to 31st August 2024
Central Finance Board
TMCP
Other
Total
873
873
14,111
1,432
417
15.960
873
14.111
1,432
417
16,834
Year to 31st August 2023
Central Finance Board
TMCP
1,064
1,064
14,710
13,522
838
350
Other
Total
1,064
13,522
350
15,775
5. Capltal Recelpts
Thls year
Last year
Church Street Louth
Alvingham
Sale of Investments
Sale of surplus Manse
Sale of cSosed chapel
364,875
83,641
364,875
83,641
6. Payment to Trustees
With the exception of Stipends paid to ministers, no payments were made to trustees for additional
services provided to the Circuit by agreement with the Circuit Meeting
Thls year
Last year
Number of trustees who were paid expenses
Nature of the expenses
Expense payments primarily relate to reimbursement for travel costs
Total Amount Paid
9,850
13,354
7. Fees for examlnatlon or audlt of the accounts
Independent examiner's or auditors, fees for reporting
on the accounts
120
120
Other fees leg.. advice, accountancy services) paid to the
independent examiner or auditor
8. Paid employees (Includlng Ministers)
staff costs paid durlng the year were:
Gross wages, salaries and benefits in kind
Employer's National Insurance Costs
Pension Costs
Total Staff Costs
104,356
24,209
9,305
137,870
95,711
22,433
8,373
126,517
Average number of staff employed during the year were

East Lincolnshire Circuit
9. Tanglble Fixed Assets
Cost or valuation
Year to 315t August 2024
Other builidn8S
Total
Residential Land
Other Land
Manses
Balance brought forward
Additions
575,000
120,000
818,306
45,000
1,558,306
Revaluations l+/_)
Disposals l_l
Transfers. Ix/-)
Balance carried forward
-iio,000
-11,500
-121,500
465,000
120,000
806,806
45,000
1,436,806
Accumulated depreclatlon
**Basis
*• Rate
SLorRB
SLorRB
Balance brought forward
Depreciation charge for yearl-l
Revaluations Ix/-I
Disposals l-l
Transfers. Ixl-l
Balance carried forwards
Net book value
Brought forward
Carried forward
575,000
465,000
120,000
120,000
818,306
806,806
45,000
45,000
1,558,306
1,436,806
Cost or valuation
Year to 31st August 2023
Other bullSdngs
Total
Resldentlal Land
Other Land
Manses
Balance brought forward
Additions
475,000
loo,000
120,000
534,000
284,306
45,000
1,174,000
384,306
Revaluations l+/-
Disposals l-l
Transfers'lx/-I
Balance carried forward
Accumulated depreciation
• •Basls
** Rate
575,000
120,000
818,306
45,000
1,558,306
SLorRB
SLorRB
Balance brought forward
Depreciation charge for yearl-l
Revaluations Ix/-I
Disposals l-l
Transfers. Ix/-I
Balance carried forwards
Net book value
Brought forward
Carried forward
475,000
575,000
120,000
120,000
534,000
818,306
45,000
45,000
1,174.000
1,558,306

East Lincolnshire Clrcuit
10. Investments
The funds that support the Circuit Model Trust Fund are held by TMCP in Trustees
Interest Funds on which interest is credited to the accounts each month.
TMCP is the legal owner and Custodian Trustee of all Methodist Trust Property, including
Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf
of local Managing Trustees who are responsible for the day to day management of trust
property. TMCP ensure that, through providing guidance and acting under their direction,
the Managing Trustees comply with charity law and Methodist law and policy as
determined by the Methodist Conference.
Thls year
Last Year
Investments listed on a recognised Stock Exchange
Investments held in common investment fLtnds,
Securities not listed on a recognised Stock Exchange
Other investments
10,440
29,563
9,656
27,596
Total
40,003
37,252
Change In Investment values
Carrying Imarketl value at beginnin8 of year
Add: additions to investments at cost
Less: disposals at carrying value
Net 8ain/llossl on revaluation
Carrying Imarketl value at end of year
37,252
37,441
2,751
40,003
1189}
37,252
11. Analysls of current assets
Debtors and prepayments
Pre paid Stipends
Accrued income
Other debtors
Total debtors and prepayments
7,002
10,176
429
10,606
7,002
Analysis of cash at bank
Bank balance held in Lloyds Bank PIC
10,429
1,584
Total Cash and Bank
10,429
1,584
12. Analysls of current Ilabilltles and long term creditors
Trade Creditors
Other Creditors
2,900
Total Current Liabilities
2,900
13. Capital Commitments and Contingent Llabllltles
At 31st August 2024 the Circuit has no capital commitments12023:Nill.
No Contingent liabilities were identified at 31st August 202412023: None)

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East Lincolnshire Circuit
DECLARATIONS
Treasurer
I confirm that these accrual based accounls for the year ended 31 August 2024 have been prepared
from the records of the Circuit and that they include all funds under the control of the Circuit Meeting.
Sigrsature of Treasurer
Date
lo
Name
Michael May (Finance Advisor)
Address
9 Links Crescent Skegness Lincs PE25 3AF
Presentation to the Clrcuit Meetlng for approval.
I confirm that the annual report and accounts for the year ended 31 August 2024 were
presented to the Circuit Trustees at their meeting on
and were approved.
io
Signature of the Chair of the meeting
Name of the Chair of the meeting
Rev Graham Mlles
Date
io
Independent Examiner's Report to the Trustees of the
East Lincolnshire
Circuit
Responslbllities and basis of Report
I report to the trustees on my examination of the accounts of the East Lincolnshire Circuit for the year
ended 31 August 2024. 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 Charty
Commission under section 14515){b> of the Act.

East Lincolnshire Circuit
Basis of Independent Examinerfs Report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as Trustees
concerning any such matters. The procedures undertaken do not provide all the evidence Ihat
would be required in an audit and consequently no opinion is given as to whether the accounts
present a "true and fair Vie￿ and the report is limited to those matters set out in the statement
below.
Independent Examlner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination (other than that disclosed below.) which give me cause to believe
that in, any material respect.
the accounting records were not kept in accordance with section 130 of the Act,. or
the accounts do not accord with the accounting records., or
the accounts do not comply with the applicable requirements concerning the fom and content
of accounls sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair, view, which is not a matter considered as
part of an independenl examination., or
the trustees, annual report is not consistent with the accounts
I have no concerns and have come across no other maltefs 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 havelhave 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 at the balance sheet date.
' Please delete as appmpriate
Name
Kerth May ACMA CGMA
Signature
Relevant Professional qualification or body
CIMA
Address
Aura Business Centre, Heath Road, Skegness Lincs PE25 3SJ
Date
Iljl 2r