2023-08-31-accounts - East Staffordshire and South Derbyshire Methodist Circuit

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			Page
Reference and Administrative		Details ofthe Circuit, its Trustees and Advisers	1-2
Trustees' Report			3-12
Independent Auditors'	Report	on the Financial Statements	13-16
Statement of Financial	Activities		17
Balance Sheet			18
Statement ofCash Flows			19
Notes to the Financial	Statements		20-39

Rev Rachel Wood, Superintendent (appointed	Rev Rachel Wood, Superintendent (appointed	Rev Rachel Wood, Superintendent (appointed	Rev Rachel Wood, Superintendent (appointed	01/09/2023)	01/09/2023)	01/09/2023)	01/09/2023)
Rev David Bonny, Superintendent (01/09/2022				to	31/08/2023)
Rev Helen Harrell, Minister
Rev Manoa Ratubalavu, Minister
Rev Mike Redshaw, Minister
Rev Rachel Moss, Minister
Rev Maurice Whittaker, Supernumerary	Minister (01/09/2022 to 30/09/2023)
Rev Dr Stella Mills, Supernumerary Minister			(appointed				01/03/2023)
Rev Dr David Palmer, Supernumerary Minister				(appointed				01/03/2023)
Rev Sue Rolls, Supernumerary Minister	(appointed				01/01/2024)
Jordan Lambert, Lay Worker
Graham Mizon, Lay Worker (appointed 01/03/2024)
Andrew Wooding, Finance Steward
Denise Hancock, Circuit Steward
Andrew Hawkins, Circuit Steward
Heather Simm, Circuit Steward LP, Synod Rep				(resigned			23/12/2022)
Celia Ryan, Circuit Meeting Secretary (01/09/2022					to 30/08/2023)
Teresa Hawkins, Circuit Meeting Secretary		(appointed				01/09/2023)
Richard House, Safeguarding Advisor (resigned				31/08/2023)
Susan Shakespear, Family Action Team	(resigned				28/02/2023)
Rosemary Hancock, Action for Children
John Jay, Circuit Missions
Jenny lllsley, Circuit Missions MHA
Bryan Wild, Circuit Missions MHA (resigned			31/08/2023)
Julie Green, Circuit Missions MWB
Sue Palmer, MWB and World Church
Sue Wiiliams, Fijian Liaison
Sue Nickson, Synod Rep
Denis Barrett, Synod Rep (resigned 28/02/2024)
Dorothy Twigg, Acresford Treasurer, Synod			Rep (resigned					01/01/2024)
Michael Green, Acresford Rep (resigned	01/01/2024)
Fiona Panter, Barton Steward
David Moore, Barton Treasurer
lan Gilby, Barton Rep
Oliver Ball, Boylestone Steward
Rev Dr Stella Mills, Boylestone Treasurer
Eric Coates', Boylestone Rep
Terry Chandler, Church Gresley Steward
Ann Medcalf, Church Gresley Treasurer	(resigned				01/01/2024)
Eila Baugh, Church Gresley Rep (resigned		01/01/2024)
Joyce Chiiver, Church Gresley Rep (appointed				01/01/2024)
Kay Holman, Church Gresley Rep (appointed			01/01/2024)
Lynn Wragg, Draycott Treasurer
Steve Ryan, Draycott Rep
Vic Appleby, Etwall Steward
Herman J Bonardt, Etwall Treasurer
Wendy Smith, Etwall Rep
Brian Hill, Hilton Steward
Karen Evans, Hilton Treasurer
Liz Holmes, Hilton Rep (appointed 01/09/2023)
Nigel Sharpe, Newhall Rep (resigned 01/03/2023)

		Linda Leadbetter, Overseal Treasurer	Linda Leadbetter, Overseal Treasurer	Linda Leadbetter, Overseal Treasurer
		Dilys Harper, Overseal Rep
		Liz Merrick, StThomas's Treasurer
		John Jones, StThomas's Rep
		Sue McLoughlin, St Thomas's	Rep
		Wendy Knight, Short Street Steward
		Susan Laws, Short Street Treasurer			(appointed	01/09/2023)
		Jean Hollins, Stanton Steward
		Rita Street, Stanton Treasurer	(resigned 01/09/2023)
		Julie Hackett, Stanton Rep
		Shirley Toon, Stretton Treasurer
		Angela Bird, Ticknall Rep
		Kathy Bates, Ticknall Rep
		Rite Walton, Trinity Linton Heath Steward
		Betty Naylor, Trinity Linton Heath Treasurer
		Martin Kesterton, Trinity Linton	Heath		Rep (resigned		01/03/2023)
		Danie Mansfield, Trinity Linton	Heath		Rep (01/09/2023			to 01/01/2024)
		Christine Sutton, Trinity I inton	Heath		Rep (appointed			01/01/2024)
		Roger Rooke, Uttoxeter Treasurer
		John Darby, Uttoxeter Rep
		Roy Ward, Woodmill Treasurer	(resigned 01/06/2023)
		Brian Parker, Woodville Treasurer		(resigned 01/06/2023)
		Joan Bamett, Woodville Rep (resigned 01/06/2023)
Charity	registered
number		1133721
Principal	office	Unit 6
		The Delph Centre
		Swadlincote
		Derbyshire
		DE11 9DA
Independentauditors		Dains Audit Limited
		15Colmore Row
		Birmingham
		B32BH

(31 August 202	3) the Circuit held the following	reserves;
		8
Unrestricted	Circuit Model Trust Fund	229,205
	General	3,045,761
	Sub-total unresricted	3,274,966
Restricted	See below	22,142

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				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
			Note	E		E	6
Income from:
Donations and legacies				4,984	15,520	20,504	22,535
Charitable activities				196,214	23,721	219,936	266,922
Investments				33,133	63	33,196	4,629
Other income				251,568	5,159	256,727	800,526
Total income				485,899	44,463	530,362	1,094,612
Expenditure on:
Charitable activities			8	481,311	63,828	535,139	505,268
Total expenditure				481,311	53,828	535,139	505,268
Net income/(expenditure)		before net
(losses)/gains on investments				4,588	(9,365)	(4,777)	589,344
Net (losses)/gains	on investments			(886)		(886)	50,929
Net income/(expenditure)				3,702	(9,365)	(5,663)	640,273
Transfers between	funds		19	(3,721)	3,721
Net movement in	funds			(19)	(5,644)	(6,663)	640,273
Reconciliation of	funds:
Total funds brought	forward			3,274,985	27,786	3,302,771	2,662,498
Net movement in funds				(19)	(5,644)	(5,663)	640,273
Total funds carried forward				3,274,966	22,142	3,297,108	3,302,771

		Note		2023f		2022
Fixed assets
Tangible assets		13		1,443,968		1,467,500
Investments						20,873
Investment property		14		1,300,000		1,075,000
				2,743,968		2,563,373
Current assets
Stocks		15	1,589		2,071
Debtors		16	25,532		28,007
Investments		17	231,712		582,529
Cash at bank and in hand			318,809		135,931
			577,642		748,538
Creditors: amounts	falling due within one
year		18	(24,502)		(9,140)
Net current assets				553,140		739,398
Total net assets				3,297,108		3,302,771
Charity funds
Restricted funds		19		22,142		27,786
Unrestricted funds		19		3,274,966		3,274,985
Total funds				3,297,108		3,302,771

				2023	2022
				E	F
Cash flows from operating	activities
Net cash used in operating	activities			(222,008)	(206,565)
Cash flows from investing	activities
Disposal oftangible fixed assets					104,528
Net cash provided by investing activities					104,528
Cash flows from financing	activities
Interest received				33,196	3,575
Net cash provided by financing activities				33,196	3,575
Change in cash and cash	equivalents	in	the year	(188,812)	(98,462)
Cash and cash equivalents	at the beginning		ofthe year	739,333	837,795
Cash and cash equivalents	at the end	of	the year	650,521	739,333

			Unrestricted	Restricted	Total
			funds	funds	funds
			2023f	2023 E	2023 6
Donations
General donations			4,175		4,175
Uttoxeter Churches		for UY&SW		14,995	14,995
Connexional	Funds			525	525
Gift Aid			809		809
Grants				(23,721)	(23,721)
			4,984	15,520	20,504
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
			E		6
Donations
General donations			3,038		3,038
Uttoxeter Churches		for UY&SW		14,800	14,800
Trent and Dove Churches				3,020	3,020
Connexional	Funds			835	835
Gift Aid					842
			3,880	18,655	22,535

					Unrestricted	Restricted	Total
					funds	funds	funds
					2023	2023	2023
					5	5	5
Assessments		on	Churches		196,214		196,214
Grants	received					23,721	23,721
					196,214	23,721	219,935
					Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2022	2022
						E	6
Assessments		on	Churches		217,777		217,777
Grants	received					49,145	49,145
					217,777	49,145	266,922
Grants	received
						Restricted	Total
						funds	funds
						2023	2023
						F
District	Advance		Fund Grant	for UY&SW		3,721	3,721
World	Church	Grant for Fijian Minister				20,000	20,000
						23,721	23,721
						Restricted	Total
						funds	funds
						2022	2022
						5
District	Advance		Fund Grant	for UY&SW		4,145	4,145
World	Church	Grant for Fijian Minister				20,000	20,000
Hunt's	Charity	Grant towards		Diaconal Post		25,000	25,000
						49,145	49,145

		Unrestricted	Restricted	Total
		funds	funds	funds
		2023	2023	2023
			5	6
Rental	income	3,100		3,100
Interest	received	30,033	63	30,096
		33,133	63	33,196
		Unrestricted	Restricted	'Total
		funds	funds	funds
		2022	2022	2022
		6	6
Rental	income	1,054		1,054
Interest	received	3,566		3,575
		4,620	9	4,629

			Unrestricted	Restricted	Total
			funds	funds	funds
			2023	2023	2023
					6
Other income			3,148	5,159	8,307
New investment	properties		225,000		225,000
Balances transferred		from closed churches	23,420		23,420
			251,568	5,159	266,727

			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
			E	E
Other income			3,956	6,023	9,979
New investment	properties		775,000		775,000
Balances transferred		from closed churches	15,547		15,547
			794,503	6,023	800,526

			Grants to	Total
			Institutions	funds
			2023	2023
			F	6
Grants	and	donations	1,848	1,848

			Grants to	Total
			Institutions	funds
			2022	2022
			6	6
Grants	and	donations	2,576	2,576

			Unrestricted	Restricted
			funds	funds	Total
			2023	2023	2023
			6		F
Grants and donations			330	1,518	1,848
Property			66,922	2,527	69,449
District assessment		and levy	122,969		122,969
Office and	administration		28,555	6	28,561
Other outgoings			5,495	5,654	11,149
Depreciation			23,532		23,632
Stipends,	salaries and associated costs		233,508	44,123	277,631
			481,311	53,828	535,139
			Unrestricted	Restricted
			funds	funds	Total
			2022	2022	2022
					6
Grants and donations				2,576	2,576
Property			56,104	1,860	57,964
District assessment		and levy	123,059		123,059
Office and	administration		13,387	6	13,393
Other outgoings			5,485	4,812	10,297
Stipends,	salaries and associated costs		229,557	68,422	297,979
			427,592	77,676	505,268

			Activities	Grant
			undertaken	funding of	Support	Total
			directly	activities	costs	funds
			2023 E	2023 F	2023f	2023 E
Grants and donations				1,848		1,848
Property					69,449	69,449
District assessment		and levy	122,969			122,969
Office and	administration				28,561	28,561
Other outgoings					11,149	11,149
Depreciation					23,532	23,532
Stipends,	salaries and associated costs				277,631	277,631
			122,969	1,848	410,322	635,139
			Activities	Grant
			undertaken	funding of	Support	Total
			directly	activities	costs	funds
			2022f	2022 8	2022 E	2022 F
Grants and donations				2,576		2,576
Property					57,964	57,964
District assessment		and levy	123,059			123,059
Office and	administration				13,393	13,393
Other outgoings					10,297	10,297
Stipends,	salaries and associated costs				297,979	297,979
			123,059	2,576	379,633	505,268

Auditors' remuneration
		2023	2022
Fees payable to the Circuit's auditor accounts	for the audit of the Circuit's annual	9,900	9,000
Fees payable to the Circuit's auditor	in respect of.
Non audit fees		1,750

Staff costs
			2023	2022
			F	E
Wages and	salaries		216,406	235,463
Social security costs			16,653	17,916
Contribution	to defined contribution	pension schemes	44,572	44,600
			277,631	297,979

Ministers
Administration	&	mission

2023	2022
No.	No.
10

an emp	loyment with the Circuit. T	he value of Trustees' remuneratio	n and oth	er benefits was as	follows:
				2023	2022
				E	6
Rev'd	Dave Bonny	Remuneration		27,324	25,824
		Pension contributions	paid	6,640	6,947
Rev'd	Helen Harrell	Remuneration		27,280	25,824
		Pension contributions	paid	7,291	6,947
Rev'd	Rachel Wood	Remuneration		27,280
		Pension contributions	paid	7,291
Rev'd	Mike Redshaw	Remuneration		27,280	25,824
		Pension contributions	paid	7,291	6,947
Rev'd	Manoa Ratubalavu	Remuneration		27,280	25,824
		Pension contributions	paid	7,291	6,947
Rev'd	Rachel Moss	Remuneration		27,280
		Pension contributions	paid	7,291
Jordan	Lambert	Remuneration		18,600	17,300
		Pension contributions	paid	1,110	1,038

Notes	to the Financial Statements	to the Financial Statements
Forthe Year Ended 31 August 2023
13.	Tangible fixed assets
			Manses
			E
	Cost or valuation
	At 1 September 2022		1,467,500
	At 31August	2023	1,467,500
	Depreciation
	Charge for the year		23,532
	At 31 August	2023	23,532
	Net book value
	At 31August	2023	1,443,968
	At 31August	2022	1,467,500
14.	Investment	property
			Freehold
			investment
			property
			E
	Valuation
	At 1 September 2022		1,075,000
	Additions		225,000
	At 31August	2023	1,300,000

16.	Stocks
					2023	2022
	Finished	goods and goods for resale			1,589	2,071
16.	Debtors
					2023	2022
					E
	Due within one year
	Other debtors					5,000
	Prepayments		and accrued income		25,632	23,007
					25,532	28,007
17.	Current	asset investments
					2023f	2022
	Unlisted	investments			231,712	582,529
18.	Creditors: Amounts			falling due within one year
					2023	2022
					6
	Accruals				24,502	9,140

	Balance at 1					Balance at
	September			Transfers	Gains/	31August
	2022 E	Income 5	Expenditure	in/out	(Losses) 6	2023 f
Unrestricted
funds
General Funds	2,672,507	469,903	(443,547)	347,784	(886)	3,045,761
Circuit Model
Trust Fund	602,478	15,996	(37,764)	(351,505)		229,205
	3,274,985	485,899	(481,311)	(3,721)	(886)	3,274,966
Restricted
funds
Uttoxeter
Schools
Worker	6,373	18,716	(25,173)	3,499		3,415
Hanbury Burial
Ground	2,002	63	(4)	(60)		2,001
Benevolent
Fund	190					190
Connexional		525	(300)	(225)
Internal
Organisations	12,090	5,159	(5,654)			12,077
World
Churches	2,154	20,000	(21,479)			675
Shoe Box
Appeal	2,906		(1,218)			1,688
Woodville
Burial Ground				507		507
Stock	2,071			(482)		1,589
	27,786	44,463	(53,828)	3,721		22,142
Total offunds	3,302,771	530,362	(535,139)		(886)	3,297,108

	Balance at					Balance at
	1 September			'Transfers	Gains/	31August
	2021	Income	Expenditure	in/out	(Losses)	2022
	8	6	F	6	6	6
Unrestricted
funds
Designated
funds
Designated Funds	22,644			(22,644)
CMTF	87,229			(87,229)
General funds
General Funds	1,920,948	1,017,537	(382,999)	117,021		2,672,507
Circuit Model
Trust Fund	602,959	3,243	(44,592)	(10,061)	50,929	602,478
Total
Unrestricted
funds	2,633,780	1,020,780	(427,591)	(2,913)	50,929	3,274,985
Restricted funds
Family Worker		3,020	(3,020)
Uttoxeter Schools
Worker	5,874	18,945	(21,360)	2,914		6,373
Hanbury Burial
Ground	2,000		(6)			2,002
Education &Youth	339		(339)
Benevolent Fund	690		(500)			190
Connexional		835	(835)
Internal
Organisations	10,788	6,023	(5,110)	389		12,090
World Churches	2,553	20,000	(20,399)			2,154
Shoe BoxAppeal	4,011		(1,105)			2,906
Hunt's Charity	3	25,000	(25,003)
Stock	2,460			(389)		2,071
Total Restricted
funds	28,718	73,832	(77,677)	2,913		27,786
Total offunds	2,662,498	1,094,612	(505,268)		50,929	3,302,771

Summary	of	funds - current yea	r
		Balance at 1					Balance at
		September			Transfers	Gains/	31 August
		2022	Income	Expenditure	In/out	(Losses)	2023
		6		F	6	E	5
General funds		3,274,985	485,899	(481,311)	(3,721)	(886)	3,274,966
Restricted
funds		27,786		(53,828)	3,721		22,142
		3,302,771	630,362	(535,139)		(886)	3,297,108
Summary	of	funds - prior year
		Balance at
		1					Balance at
		September			Transfers	Gains/	31 August
		2021f	Income 5	Expenditure 6	in/out 5	(Losses)	2022 5
Designated
funds		109,873			(109,873)
General funds		2,523,907	1,020,780	(427,591)	106,960	50,929	3,274,985
Restricted
funds		28,718	73,832	(77,677)	2,913		27,786
		2,662,498	1,094,612	(505,268)		50,929	3,302,771

Analysis	of net assets between funds - cur	rent year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2023	2023	2023
				E
Tangible fixed assets		1,443,968		1,443,968
Investment	property	1,300,000		1,300,000
Current assets		555,233	22,409	677,642
Creditors	due within one year	(24,235)	(267)	(24,502)
Total		3,274,966	22,142	3,297,108

	Analysis of net asse	ts	betw	een f	unds	- prior	yea	r
									Unrestricted		Restricted	Total
										funds	funds	funds
										2022	2022	2022
										F	5	5
	Tangible fixed assets								1,467,500			1,467,500
	Fixed asset investments									20,873		20,873
	Investment properly								1,075,000			1,075,000
	Current assets									720,657	27,881	748,538
	Creditors due within	one year								(9,045)	(95)	(9,140)
	Total								3,274,985		27,786	3,302,771
22.	Reconciliation ofnet		movement		in funds to		net	cash flow	from	operating	activities
											2023	2022
											5	5
	Net income/expenditure		for	the	year	(as	per	Statement	of	Financial
	Activities)										(5,663)	640,273
	Adjustments for:
	Depreciation charges										23,532
	Additions of Investment		Properties								(225,000)	(775,000)
	Disposals oftangible	fixed assets										(52,328)
	Decrease in stocks										482	389
	Investment income										(33,196)	(3,575)
	Decrease/(increase)	in	debtors								2,475	(3,496)
	Increase/(decrease)	in	creditors								15,362	(17,828)
	Increase/(decrease)	in	loans	outstanding								5,000
	Net cash used in operating			activities							(222,008)	(206,565)
23.	Analysis ofcash and		cash equivalents
											2023	2022
											5	5
	Cash in hand										550,521	739,333
	Total cash and cash equivalents										550,521	739,333

		At 1
		September		At 31
		2022	Cash flows	August 2023
			E	6
Cash	at bank and in hand	135,931	182,878	318,809
Liquid	investments	682,529	(350,817)	231,712
		718,460	(167,939)	660,621