2022-08-31-accounts - East Staffordshire and South Derbyshire Methodist Circuit

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ESSDMethodist Circuit Trustees' Annual Report 5Accounts Table ofContents
Welcome from the Superintendent. .
Introduction .
Objectives and Activities ..
Circuit Representatives.
Circuit Church Representatives
Review ofthe Year.
Property.
Plans for Future Years
Basis ofPreparation and Legal Framework ...
Financial Review	...10
Investments ..	...10
Reserves Level and Policy.
Structure, Governance and Management .....
Trustee Training, Related Parties..	.12
Risk Management, Safeguarding
Summary	...14
Approvals .
Annual Accounts.	...15
Declarations and Scrutiny .	... 41
Auditor's Certificate / Report.	.....42

Ministers	Deacon
Rev'd Moira Biggins	Deacon Janice Hacon
Rev'd David Bonny	Circuit Meeting Secretary
Rev'd Helen Harrell	Celia Ryan
Rev'd Stella Mills	Circuit Local Preachers &Worship
	Leaders Representative:
Rev'd Manoa Ratubalavu	Susan Laws
Rev'd Mike Redshaw
Supernumerary Ministers	Family Action Team
Rev'd Doug Allen	Sue Shakespeare
Rev'd Ann Bolas	Circuit Missions
ReVd Lynda Coates	Julie Green (MWB)
Rev'd Derek Morton	Jenny lllsley (MHA)
Rev'd Susan Rolls	John Jay
Rev'd Maurice Whittaker	Sue Palmer (MWB tk World Church)
Rev'd David Palmer	Shirley Wagstaff
Lay Workers	Bryan Wild (MHA)
Caroline Green	Sue Williams (Fiiian Liaison)
Jordon Lambert	Gwen Wortley
Miss Susan Laws	Circuit Safeguarding Coordinator
Circuit Stewards	Caroline Green
Steve Dobson	Circuit Safeguarding Advisor
Denise Hancock	Richard House
Andrew Hawkins	LP Elected Rep
Heather Simrn	Joyce Greenwood
Miss Wendy Smith	Synod Reps
Andrew Wooding	Denis Barratt
Action For Children	Sue Nickson
Rosemary Hancock

Acresford	Methodist	Church
Treasurer	Dorothy	Twigg
Rep	Michael	Green

Overseal	CofE/Methodist Church
Treasurer
Rep	lan Coles
Rep	Dilys Harper

Short	Methodist	Methodist	Church
Treasurer	Graham		Meers
Rep	Wendy	Knight
Reserve

Stretton	Methodist	Church
Treasurer	Shirley	Toon
Rep	Christine	Dunsby
Reserve	Rita Hartshorn

Treasurer	Teresa Hawkins
Rep	Susanne Smith
Rep	Shirley Wagstaff

The Charity's	full name is:	full name is:	East Staffordshire	East Staffordshire	East Staffordshire	East Staffordshire	and South Derbyshire	Methodist
Charity Registration		Number:					1133721
Date ofRegistration:							1*'September 2020
Main Point of	Contact:						Circuit Office,
Main Point of	Contact Address:		Winshill Methodist Church, High Bank Road, Winshill,
					Burton	on Trent, Staffordshire,		DE15 ONL
Telephone Number:							01283337649
Email Address:			caroline.		essd.mc@gmail. corn /office.essd.mcogmail. corn
			Circuit Ministers				and Officers
Active Circuit Ministers:					Rev'd	Mike Redshaw (Superintendent)
							ReVd Moira Biggins
							Rev'd Dave Bonny
							Rev'd Helen Harrell
							Rev'd Stella Mills
						Rev'd Manoa Ratubalavu
Deacon:							Deacon Janice Hacon
Circuit Lay Workers:				Mrs Caroline			Green (until end ofAugust 2022)
							Mr Jordan lambert
				Miss Susan			laws(until end ofAugust 2022)
Circuit Stewards:							Mr Steve Dobson
							Mrs Denise Hancock
							Mr Andrew Hawkins
							Mrs Heather Simms
							Miss Wendy Smith
						~ Mr Andrew Wooding
Circuit Meetings	Secretary:						Mrs Celia Ryan
			"Financial Steward
Bankers: HSBC 18High Street, Burton on Trent		Investment Mana ers: Central Finance Board ofthe Methodist Church 9Bonhill Street,					Custodian Trustees: Trustees for Methodist Church Purposes, Central Buildings Oldham Street
Staffordshire, DE141ID			London,	EC2A	9PE		Manchester,	M11JQ
				Auditors:
			Dains Audit Limited
		1S	Colmore	Row,	Birmingham, 832BH

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Usoxeforschools worker	0224	2 «arne»kfdr»The»0»sd»ofbwoderettmcwbrxdbg»
		orgasm ofbrhstng 0»good mr»of sue Ido	echmb tdw 0»Ihkesde Spam»		elect»nb.
Senswlenl Fund	180	Pdmsdlyhokf terthe wleiofpowdyand Gltmss	I Ihe «mgregsgcw	end nelgl»»hoed		ofthe Cir«ic
Herb»ygel»Grourd	2002	Tohnd mern»nenw ofthe ScelelGrea» atHedxey.
Issmal Crgarfeagone	14I59	Fedshe»byawdalyofox»nealklraniNnlndtdm	Icmrd»e
Weld Cbmh Gram	2155	Tohnd SRIdthe costsof0» PnlxbylerProdded	loAdsler leIhe Fgkm comrmmlyll		Ihe	UIL
Shoegoxhppeal	2000	Tomodda kmls forlhe a«eel sl»e boxappeal

		31.8.2022	31.8.2021
Cash Generated from Operations		-206,565	-132,381
Cashflows from investing activities:
Disposal oftangible fixed assets		104,528
Net cash provided by (used in) investing activities		104,528
Cash flows from financing activities:
Interest received		3,575	2,522
Net cash provided by (used in) financing activities		3,575	2,522
Change In cash and cash equivalents	in the reporting period	-98,462	-129,859
Cash and cash equivalents atthe beginning ofthe reporting period		837,795	967,654
Cash and cash equivalents atthe end ofthe reporting period		739,333	837,795
Note to Cash Flow Statement		31.8.2022	31.8.2021
			6
Net income/(expenditure) forthe reporting period
(as per the Statement of Financial Activities)		640,273	-149,367
Adjustments for;
Additions oftangible fixed assets		-775,000
Disposals oftangible fixed assets		-52,328
Stock movement		389
Interest Received		-3,575	-2,522
Decrease/(increase -) in debtors Decrease/(increase -) in loans outstanding		-3,496 5,000	324 -5,000
(Decrease - )/Increase in creditors		-17,828	24,184
Net cash provided by (used in) operating activities		-206,565	-132,381

Received From	General f			Restricted f	Total f	2021 f
Various	3,038				3,038	3,142
Uttoxeter Churches for UY&SW				14,800	14,800	13,788
Trent and Dove Churches				3,020	3,020	3,870
Connexional Funds				835	835	4,119
Gift Aid					842	725
Totals	3,880	0	0	18655	22,535	25,644

Investment	General f		CMTF f	Designated f	Designated f	Restricted f	Restricted f	Total f	2021 f	2021 f
Interest Fund			3,243					3,243		2.312
Burial Ground							9		9	7
Various Bequests	18								18	13
CFBAccount	305							305		190
Totals	323		3,243				9	3,575		2,522
Note 3Income from		Investment		Property
	Table	3	Income	from Investment		Properly
Property		General f		CMTF f	Designated f		Restricted f		Total f	2021
Church Broughton	Chapel		600						600	893
Rowland Memorial			229						229	0
Blackfordby Chapel			225						225	0
Totals			1,054		0		0	0	1,054	893

	Table 4	Assessm	ents on Churches	ents on Churches
Church	General f	CMTF	Designated f	Restricted f		Total	2021
Acresford Barton Blackfordby Boylestone Church Gres icy Draycott-in-the-Clay Etwa II Hatton Hilton Newhall Overseal (St.Mathewsj Short St. StPaul's Woodmill StThomas' Stanton Stretto n Stubwood Ticknall Trinity Uttoxeter Wins hill Woodvill e Totals	5,000 13,260 3,375 5,340 12,000 8,000 17,864 5,940 16,937 12,000 1,178 4,788 4,800 32,468 8,656 18,416 4,424 4,000 8,000 13,200 8,631 9,500 217,777					5,000 13,260 3,375 5,340 12,000 8,000 17,864 5,940 16,937 12,000 1,178 4,788 4,800 32,468 8,656 18,416 4,424 4,000 8,000 13,200 8,631 9,500 217,777	6,250 12,668 4,875 5,104 10,000 8,621 17,064 7,566 16,362 20,774 1,500 4,576 4,572 31,464 8,268 17,596 5,900 5,600 8,000 23,052 16,494 11,000 247,306

					Restricted f	Totalf	2021 f
District Advance Fund Grant for uyasw					4,145	4,14S	4,039
Covld Re Start Grant						0	2,667
Hunt's Charity Grant towards	Diaconal Post				25000	25,000	0
Closed For Business Grant						0	9,669
World Church Grant for Fiiian	Minister				20,000	20,000	20,000
	Totals	0	0	0	49,145	49,145	36,375

						General	CMTF		Designated		Restricted	Total	2021
						E	f		f		E	E	E
Hatton	Manse Insurance		Refund									0	334
Received from Rowland			Memorial		on Closure							0	7,525
Ashby Road Manse Water Refund												0	277
Other						1,184						1,184	450
Internal	Organlsations										6,023	6,023	1,913
Stubwood Chapel						110,000						110,000	0
Prince Memorial		Chapel				225,000						22S,000	0
Blackfordby Chapel						280,000						280,000	0
Closing	Balance	from Stubwood		Chapel		123						123	D
Reimbursement		of QSR	on Church		Broughton	1,210						1,210	0
Winshlg	Chapel					160,000						160,000	0
Winshill	Chapel	closing	moneytransferred			15,424						15,424	0
Sale of	Stubwood	Paws				600						600	0
Leaving	Collection					962						962	0
					Totals	794,503		0		0	6023	800526	107I99

Grants and Donations Paid to;	General		ChflTF		Designated		Restricted	Total	Total	2021
	f		E		6		6	6		6
Connexional Funds ToBarton Church for Building AlturaBons Tearfund forCyclone rasa In Fiji							635		635 0 0	4,1'19 5,000 240
Shoe Boxes							1,105	1,105		300
Grants toChurches forTechnology Education and Youth Fund							339		0 339	1,640 0
Methodist Women in Britain							297		297	0
Man to Man									0	156
		0		0		0	2„sf76	2	576	11457

	Full	Pan			cmrF		Other
MialstarlalStaN	Tfma E.	Tfma 1	General E	unrest. 1	Dosfgaatad 1		Designated 4	easlrlctad 1	Total E	1421 E
Natlooal lmoraaca pa as Ion Fund coatdhotfom Stfpaods lldocatfo Expenses Sundry Fx os Telephone and 8 mades ad Travagiag	14,917 41,630 153,552 7,199 5,943 4410		12,1st 33,580 126,859 7,299 4,771 4,140 8 1					edoo 31,693 f,t73 270	14,917 41,680 1SS,S51 7,1NS 698 dytto 461	tgyfse 39+79 249+25 0 4,636 3,fu9 3 71
			197221		0	0	0	44041	241162	21 M7

		Councg
Menses		Taxl	ills. f	Malnt. f	Water f	Energy 6		Other E			General f	Restricted E	Total 6	2021 f
Elwyn Close		1,797	602	677	245						3,321		3,321	27150
Ashby Road		2,373	652	622	216						3,863		3,863	18,075
Heathlands	Orlve	2rtog	488	2,640	538						6,074		6,074	5,138
Tennyson Avenue		1,900	611	5,465	419						6,535	1,860	8,395	2,913
Wyedale		1,422	678	258	292						2,650		2,650	2,825
tlncote Way		1,454	655	3,111	259						5,479		5,479	2691
		11,354	9,686	12,773	1,969		0			0	27,922	1,860	29,782	34092
		Councg
Other Property Expenses		Tax E	Irss E	Mafnt. E	Water 6	Energy 5		Other E			General f	Restrl«ted E	Total f	2021 6
Unit 6		566	328	481	299	1,137		12,900			15,711		15,711	24,483
Hanbury Burlal Ground				475	0						475		475	610
		566	328	956	299	1	137	22	rreo		16,186	0	16,186	15,093
		Coo nag
Investment	Properties	Tax f	Ins. 8	Malnt. f	Water f	Energy 5		Other 3			General f	Restricted f	Totalf	2021 f
Chapels
Church Broughton			613			1,331			834		2,778		2,778	1,994
Rowland Memorial			1,422			1,812			366		3,600		3,600	3,043
Blackrordby			145				76		600		821		821	0
Pdnce Memorial Hsnon			340	1,046			410				1,796		1,796	0
Stubwood			513	266	109		734				1,622		1,622	0
Winshfl			429		64		286		600		1,379		1379	0
		0	3462	1312	173	4649		2		0	11996	0	1 996	037
Property Totals		11,920	7476	15,041	27tet	5,786		15		00	S6,104	1860	57964	54222

					General	General	CIVITF	CIVITF	Designated	Designated	Restricted	Restricted	Total		2021
						f	f			f		f	f		f
District	Assessment				11,836								11,836		11,086
Methodist		Church	Fund		68,584								68,584		63&394
Levy on	CMTF						42,639						42,639		43,725
					80,420		42,639						123,059 118205
	Note 11Office				and Administration				Costs
					Table	15Office and			Administration			Costs
										CMTF		Other
							General	Unrest.		Designated		Designated	Restricted	Total	2021
							E		E	E		E	E.	E	E
Telephone	and Internet						1,722							1,722	1,590
Computing							323							323	310
Stationery							4							4	883
Postage							19							19	356
Circuit Insurances							478							478	478
Independent		Examination		of	Accounts		5,000							5,000	1,048
TMCP Admln/Investment Photocopier				Management		Fee	11 3,345		1,953				6	1,970 3,345	1,524 4,498
Ledger							180							180	0
Bank Charges							104							104	0
Other							248							248	234
			Totals				11,434		1,953		0	0	6	13,393	10,921

		General	General	CMTF		DeslgnatedRestrlcted	DeslgnatedRestrlcted	Total	2021
		6		E		E	F.		E
Preaching fees and	travel	1,103						1,103	0
Other		2,443						2,443	158
Bible Month Booklets								0	150
Apprenticeship Levy		1,030						1,030	1,014
Hatton Manse								0	sl}5
Blackfordby Legal								0	486
Webslte			173					173	242
Internal Organlsations							4,812	4,812	2,841
Roots Subscription	for Churches		736					736	793
Totals		5	485		0	0	4812	10297	6069

	Church Broughton Sale	Church Broughton Sale
Income
	Sale Price			140,000
CostofSales;
	Auction	Costs	-1,920
	Survey	Fees	-360
	Legal Fees		-3,507	-5,787
Balance Sheet	Value Brought Forward			-52,200
Paid to TMCP				-29,685
Profit on Sale	(line 21on	SOFA)		5?,328
Cash Retained	by Circuit
	Sale Proceeds received byTMCP			134,214
	Retained	by TMCP		29,685
	Retained	by Circuit		104,528
				134,214

		Investment
Properties		Property	Land	Buildings	gnulpment		Total
		6		F.	6		6
Balance Brought	Forward;	352,200	290,900	1,176,600		0	1,919,700
Addi tiers ln the Year;
Wlnshgl Church		160,000					160,000
stubwood Church		110,000					110,000
Prince Memorial	Church	225,000					225,000
Blackfordby Church		290,000					290,0IIO
Less Olsposals;
Church Bmughton	Chapel	-52,200					-52,200
Balance Carried	Forward	~1075,000	290900	1,176,600		0	2$42400

held by t	he circuit.	Table 19Schedule	ofProperty
		Investment
Properties		Property	Land	Buildings	Equipment	Total
Menses at;		6		E	6	6
Tennyson Avenue			50,400	189,600		240,000
Lincote Drive			42,500	172,000		214,500
Wye Dale			45,000	180,000		225,000
Stretto n			35,000	205,000		240,000
Heathlands Dr.			78,000	210,000		28$,000
Ashby Road			40,000	220,000		260,000
Chapels;
Rowland Memorial		300,000				300,000
Wlnshill Chapel		160,000				160,000
Stubwood Chapel		110,000				110,000
Prince Memorial	Church	225,000				225,000
Blackfordbuy Chapel		280,000				280,000
		rrrssss	290,900	1,176,600		0 2,542,500

						Dove Valley	Dove Valley	Dove Valley	Dove Valley		Various	Various	Various	Various
						CMTF Burial Ground					Bequests
						Trust	Trust				Trust						Grand
						6842	15473				16439						Total	2021
						General Restricted					General
						f	f					f					f	f
CFBManaged Mixed Fund 2C100 Trustees Interest Fund 2C110						20,873 576,605		2,002						3,922			20,873 582,529	22,272 668,831
						597,478		2,002						3,922			603,402	691,103
	Note	17Debtors			and Prepaymenls
	All sums			due as debtors as at 1 September				2021		were		received				during the
	following			year. All sums paid in advance at				1	September				2021 were for
	activities			that have been held during 2021/22. Similarly,									it	is	expected that
	payments			in advance at 1 September			2022	will be			expended				in	2022/23.
					Table 2'I Debtors and Prepaymenls
						General f	CMTF f		Designated f				Restricted f				Total	2021 f
prepoymenrs
Stipends, Pension Circuit Website				& Nl		18,687 314											18,687 314	17,802 24
Various	Building		Insurances			2,249											2,249	44
Apprtenticeship			Levy Recharge			68											68	66
Unit 6 Rent Other						1,075 164											1,075 164	1,075 0
Debtors																		0
Hire of Rovrland		Memorial				30											30	0
Gift Aid						420											420	500
						23007	0					0				0	23007	19,511

Table 23	Creditor	s, Accruals	and I	nc	ome in	Ad	vance
		General 6	CMTF f		Designated E		Restricted E	Total E	2021 E
Income Received In Advance
Hunt's Charity ForI Hacon Salary								0	25,000
Creditors
For External Organisations								0	14
Audit ofAccounts		5,000						5,000	1000
Lay Staff Expenses								0	6
Presbyteral &Lay Expenses		2,707						2,707	948
Property Valuations Other		1,200 138					95	1,200 233	0 0
	Totals	9045		0		0	95	9,140	26,968

	31August	31August
	2022	2021
		6
Balance	0	22,644

		31August 31August
		2022 2021
		6
	Balance	27,786 28,718
This balance is income	received	to fund future expenditure	on items shown	in
the following table.
	Table 29	Restricted Funds
Fund		Each ofthe fallowing Restricted funds are used forthe purpose described;
Ultoxeler Schools Worker	6,314	Tocongmm lojolngy hud ihe Sdwofs Worker at Utloxeler wgh gw objecgve ofhinging ths good news ofJesus into schools willin Ihe Ugoxeter Pyre mfd			ofschools.
BenevolsntFml	100	Primarilyhsld forge nasfof poverty and distress In the congregegons ant neighbourhood				ofthe C
Hsnbury Bnial Gmund	2,002	To fund maintenance ofIhe Burial Grawxl at Hanbwy.
hiemal Crgalll satlons	14159	Funds held bya vadstyoforgsdsstlons	wilhlnlndividual Churches.
World Claech Grani	2,155	Tofund 50%ofIhecosts ofihe Presbyter provided lo minister		toIhe Fljlsn comrmmliy	ifIhe UK
Slee BoxAppeal	2906	Toprovide funds for the emmet shoe	boxappeal.

	Balance at	Income	Expenditure	Transfers	Gains/	Balance at
Fund	31August 2021				Losses 31August 2022
	F.	E	E	E	E	E
General Designated	1,920,948 22,644	1,017,537 0	-382,999 0	117,021 -22,644		2,672,507 0
CMTF Unrestricted	602,959	3,243	-44,592	-10,061	50929	602478
Designated	87,229	0	0	-87,229		0
Totols unrcstncted Family Worker	0 2,633,780	3,020 1,020,780	-3,020 -427591	-2,913	50,929	0 3,274,985
Uttoxeter Schools Worker Hanbury Burial Ground Education &Youth	5,874 2,000 339	18,945 9 0	-21,360 -6 -339	2,914 -1		6,373 2,002 0
Benevolent Connexional	690 0	0 835	-500 -835			190 0
Internal Organlsations World Church Shoe Boxes Hunt's Charity Stock Totals Restricted	10,788 2,5S3 4,011 3 2,460 28718	6,023 20,000 0 25,000 0 73832	-5,110 -20,399 -1,105 -25,003 0 -77677	389 -389 2,913	0	12,090 2,154 2,906 0 2,071 27786
Totals ofAB Funds	2662,498	1,094,612	-505268	0	50,929	3,302,771
Note 23Analysis ofNet Assets Between Funds
Fund balances at 31 August are represented			as shown	in the following table.
	Table 31Analysis ofNet Assets
	General f	CMTF Restricted f			Total f	2021 f
Tangible Fixed Assets Fixed Asset Investments Investments	1,467,500 1,075,000 3,922	20,873 576,605		0 2,002	1,4$8,373 1,075,000 582,529	1,467,500 352,200 22 272
Current Assets Current Liabilities	135,130 -9,045		5,000 0	25,$79 -95	166,009 -9,140	847,494 -26,96$
Totals	2,672,507	602,478		27,786	3,302,771	2,662,498

Name ofrelated party	Name ofrelated party	Name ofrelated party	Party	Payments
				6
District Assessment			Connexion	11,836
Methodist	Church	Fund	Connexion	68,584
Methodist	Church	Fund for Support of
Presbyters	5Deacons		Connexion	380
Methodist	Church	Fund for Property	Connexion	455
District Advance		Fund	Connexion	42,639
Total				123,894