Circuit Accruals Accounts THE METHODIST CHURCH TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August Zc•Z* O 8oou&H & EsTotsJ Circuit Registered Charty - Registration number 113.3911 District No I Circuit No 13 nn I nn C)1 Ministers Circuit Stewards Circuit Treasurer S DUFFI tLD The Methodist Church Middlesbrough & Eston Circuit Trustees Annual Report For the Period 1st September 2023 to 31st August 2024 The Charity's annual report and accounts for the year ended 31 August 2024 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommendation Practice 2015 as applicable to the Financial Reporting Standard. (FRSSE) REFERENCE & ADMINISTRATION DETAILS Charity Name: Middlesbrough & Eston Methodist Circuit Registered Charity Number: 1133911 Charity's Principal Address.. Circuit Office Nunthorpe Methodist Church Connaught Road Nunthorpe Middlesbrough TS7 OBP Telephone.. 01642 323924 Email: mbrocircuit@gmail.com Website: www.middlesbroughandestonmethodistcircuit.org.uk Auditors: Leonard Bye, Chartered Accountants, 80 Borough Road Middlesbrough TS12JN Bankers.. HSBC 60 Albert Road, Middlesbrough TSI IRS Investment Bankers: Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes STRUCTURE, GOVERNANCE & MANAGEMENT The Middlesbrough & Eston Methodist Circuit forms part of the Darlington District of the Methodist Church (Registered Charity No: 1133814). The Governing Documents are the Deed of Union (1932) and Methodist Church Act (1976) With effect from 1" February 2010 the Middlesbrough & Eston Methodist Circuit was registered as a Charity with the Charity Commission - Registration number 1133911. The trustees of the Circuit meet regularly, at least twice each year, in the Circuit Meeting. This is the ultimate decision-making body of the Circuit, operating under the terms of Methodist Standing Orders. The circuit meetings were held on September 15th 2022 and March 8th 2023. An 'Executive Committee,, known as the 'Circuit Leadership Team,, meets on a two monthly basis between Circuit Meetings. It is made up of the Ministers and Stewards of the Circuit. Meetings are held at Marton Church. The CLT have created teams to support areas of responsibility across the Circuit. Team Lead Finance .' Lesle Duffield Pro ert Julie O'Ke Communications: Learning and Development Team members Braithwaite, Pat Barrett Bernard Nixon Brian Glover Dave Elliott, Elaine Mackintosh John Hinton The Trustees of the Circuit are either ex-officio or appointed by the Church Councils of one of the seven Methodist Churches which make up the Circuit. These Churches are, Grove Hill, Linthorpe Road Chinese Church, Marton, Normanby, Nunthorpe, Trinity and Stainton. The Trustees for 202312024 will be: Rev David Godfrey Rev Charity Hamilton Rev John Howard Norman Rev Leonard Karn Superintendent Minister (Chair) Minister Minister Supernumerary Minister Circuit Stewards Mrs Julie O'Key Mrs Lesley Duffield Neil Mapplebeck Mrs Dawn Harris Julie Thomas Circuit Steward Circuit Steward Circuit Steward Circuit Steward Circuit Steward Propety and Finance Treasurer Mrs Pat Hinton Circuit Meeting: Circuit Meeting Secretary Membersrrrustees of the Members of Circuit Meeting - for the Connexional year September 2023 - August 2024 Mrs P Barratt Mrs J Bone Mrs K Braithwaite Mr M Braithwaite Mrs P Brown MrDBye Mrs P Carter Mrs L Duffield Mr D Elliott Mr B Glover Rev D Godfrey Rev C Hamilton Mrs D Harris Mr J Harris Mr J Hinton Mrs P Hinton - as secretary Rev J Howard Norman Mr K Johnson Rev L Karn Mrs J Lambert Mrs R Lewis Mrs S Loveridge Rev T Luk Mr D Lyness - added March 2024 Mr N Mapplebeck Mr N Marsh - added March 2024 Mr J Martin Mrs P Martin Mrs D Mealing Mrs E Milburn Mr B Nixon Mrs J O'Key Mrs C Roberts Mrs M Scurrah Mrs J Sivills Mrs C Tate Mrs R Taylor Mrs J Thomas Mrs G Wildon Dr C Ukeje-Eloagu Trustees from 202312024 No Longer Serving The following were removed as reps to the meeting on 31st August 2023. Mrs B Lindsey Mrs A Bardsey Mr P French Mrs J Bye Mrs Y Cotton Statement of Trustees Responsibilities The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Middlesbrough & Eston Methodist Circuit and which will enable them to ensure that the financial statements comply with the Standing Orders of the Methodist Church and the Charities Act 1993. They are also responsible for taking reasonable steps to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. The Trustees are also responsible for the properties owned by the Circuit, namely our Manses (one of which is rented out to provide a source of income) and the Avenue Church (which has no active congregation) but is operated as a Community Project providing facilities for local residents within the Middlesbrough and Eston area. Risk Management The Risk Management arrangements of the Circuit are identified in the Circuit Risk Register and are divided into 4 main risk groups, namely Governance, Operational, Financial and External Risks. The Risk Register was approved by the Circuit Meeting on the 19th June 2014 and is regularly reviewed by the Circuit leadership Team. Safeguarding The Circuit has adopted the Statement of Safeguarding Principles agreed by the Methodist Church and the Church of England as identified below: We are committed to." the care and nurture of, and respectful pastoral ministry with, all children, young people and adults the safeguarding and protection of all children, young people and adults when they are vulnerable the establishing of safe, caring communities which provide a loving environment where there is infom7ed vigilance as to the dangers of abuse. We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of oriminal records disclosures and registration with the relevant vetting and bam.ng 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 infonned 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 A Safeguarding Policy was approved by the Circuit Meeting on the 14th September 2023 and is reviewed annually. Sources and Management of funds Circuit Treasurer. The Circuit Treasurer is Lesley Duffield and her team. It has been recognised by the Circuit that the roles and responsibilities of the Circuit Treasurer have increased over the last few years. So to that end the Circuit Leadership team has taken the decision to use a professional financial management firm to take on some of the roles of the Circuit Treasurer due to the increasing work load and complexity of the job. The Accountants Leonard Bye has taken on some of the financial management and staffing responsibilities. Circuit Funds are obtained in a number of ways: The Methodist Churches contribute from their weekly offerings - known as the Assessment., Grants from other bodies towards the work in the Circuit. These include: Methodist Church Connexional Funds, The Darlington District of the Methodist Church. Income from renting out any vacant properties e.g. Manses. Investment Policy A Deposit Fund administered by the Central Finance Board of the Methodist Church is utilised to deposit any Circuit General Funds surplus to immediate requirements. Reserves Policy It is the current policy of the Circuit Meeting to maintain a basic balan￿ in the reserrfe of £125,000. Related Parties The Middlesbrough & Eston Methodist Circuit maintains close links with: The Methodist Asylum Project, Middlesbrough (Registered charity no: 1132820); The Linthorpe Road Resource Centre Limited (Registered charity no: 1126421 Each of these is independent charity with their own boards of trustees and are financially independent of the Methodist Circuit. However, members of staff of these charities have employment contracts through the Middlesbrough & Eston Methodist Circuit. The circuit also has Sinks with Together Middlesbrough and Cleveland (Reg Charity no.1159355) OBJECTIVES & ACTIVITIES Charitable objects: The purposes of the Methodist Church are the advancement of - a) The Christian faith in accordan￿ with the doctrinal standards and the 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 chartty being a charity subsidiary or ancillary to the Methodist Church. Our Circuit Mission: To Love Christ, To Grow in Christ, To Show Christ's love, To Make Christ known Our Circuit Vision: The sense of mission conveyed here can be furthered through a statement of vision which expresses the kind of Circuit we seek to be: The Middlesbrough and Eston Methodist Circuit seeks to be a connected community, united in Christ to pursue our common mission. We remain dependent on God's grace, dedicated to his service, and underpin our common life with prayer and worship. We seek to nurture Christian discipleship, which can take root, develop and flourish. We seek to share our stories of God's love with others in the hope that they too will come to faith. We also seek to show Christian love in action in support of those who are forgotten, vulnerable or marginalised in our communities. Also see v￿.MeMc.uk . We are embracing and developing our thinking around "The Methodist Way of Life" and so focusing on Worship, Service, Learning and Caring, and Evangelism. As a Circuit we seek to encourage initiatives which connect church and community and which place us alongside those from whom we have become distant for several generations. We also have a deep concern for those who stand on the edge of 'normal' society and who struggle to fit in economically and in other ways. Public Benefit When planning our activities for the year, the Circuit and the individual Churches are aware of the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Public benefit will be delivered by adherence to our Vision for the work of the Circuit within the area in which we live. Ministerial Team The Superintendent Minister is Rev David Godfrey. The other member of the Circuit team is Rev Charity Hamilton and Rev John Howard Norman. Invitation and stationing Rev Charity Hamilton has had her invitation extended by a further two years to August 2026. In her new appointment she will focus most of her efforts on town centre mission and ministry. There has been a welcoming Servi￿ at Linthorpe Road to inaugurate this new venture. Lay Employees Elaine Mclntosh Mrs Sharon Sewell Andrew Glazebrook Lay employee Circuit offi Lay Employee Lay Employee Safeguarding The safeguarding policy was approved on 14th September 2023 and DBS verification has taken place for key members of the Churches in the Circuit. Further training events have taken place and there will be a rolling programme of training in the Circuit. The Circuit continues to be vigilant in its application of safeguarding policy and is aware that there are regular updates coming from Central office that need to be incorporated into Circuit policy. Training and update sessions are offered in the Circuit when the need arises. Risk The Circuit Meeting agreed a risk strategy which was reviewed by the Circuit Leadership Team. The risk assessment will be reviewed this year by the leadership team. Property Quinquennial Inspection was completed for Grove Hill Church. Properties reported in good order with no major repairs required. Linthorpe Road Methodist Church and Resource Centre The Chinese church became a member of the Methodist church in 2021 and they meet for worship fortnightly in Linthorpe Road MethodlST Church. The Resource Centre is run by a management team with involvement from the Circuit and it continues to provide services to the community of Middlesbrough. As part of the Linthorpe Road premises there are two shop units that have been refurbished and are now rented out. This has added to the income of the Resour centre. Key Activities during the Report Year 202312024 Churches have been active in reaching out to their local communities. The church café at Trinity is well supported and the play group at Nunthorpe is thriving. Circuit Review Project We have asked churches to be active in a reviewing our calling and we hope that investigating the Methodist way of Life message we can encourage new projects and forms of worship. This is an on-going prO￿sS which we hope will give us a pathway for the future. Within the circuit these are the evidence of continuing mission in the community: Trinity Methodist Church and Family Friendly Centre The family centre has continued to support families in the West Middlesbrough area with food and clothes par￿ls. The extension of the kitchen and café has been welcomed and well used by the local community. There is a Foodbank at the centre and they are supported by donations of food and money from other churches in the Circuit The Centre has a garden area and there are some members who are keen gardeners. Funding has been sort and the plan is to develop a community garden. Grove Hill Methodist Church The church has just been awarded a Bronze certificate as an Eco Church and this was officially presented by the Chair of District Rev Richard Andrew. Linthorpe Road Resource Centre Linthorpe Road Resource Centre has completed its project that was funded initially by the EU. There is now a new initiative led by Rev Charity Hamilton to develop an inner town presen￿ and to continue connections with the University. Actions: The two shop areas are rented out MAP (Methodist Asylum Project) is well attended and supported. The need for MAP is more vital than ever with ongoing financial pressures on the cost of living and the Circuit feels this is a vital service in Middlesbrough and the local area. The leader of the project is Billy Barnes. The need for MAP has increased due to more asylum seekers residing in Middlesbrough and the adjoining borough. ConnecUJunction 42 ConnecUJunction 42 works with ex-offenders throughout the North East and Scotland to support new Christians in their Christian journey. They are developing their network in Middlesbrough meeting at Linthorpe Road Methodist Centre. The Avenue Project The Avenue Methodist Church is the responsibility of the Circuit. At the Circuit meeting it was agreed that then church and premises will be sold. This is still ongoing. Nunthorpe Methodist Church The Christmas celebration included a Carol Service in the open air on Christmas Eve continues to be well attended by the local community. A request from older members for an "inside "carol service due to weather conditions will be included in next year's plan. Families in the play group were offered the opportunity to be involved in the Travelling Nativity and this was well supported. Plans for 2023124 Nunthorpe is looking at employing a Family and Childrens, worker in the next 12 months and also having a feasibility study of the church premise to create a more flexible worship space. There is also a circuit need to develop more Eco- churches as the Connexional plans ' Action for Hope" are for The Methodist Church to be working towards being carbon neutral by 2030. Name of Circuit: Middlesbrough & Eston Circuit No 1133911 Statement of Financial Activities (SOFA) for the year ended 31 August 2024 Notès to Clrcult Modol D•signat¢d the General Fund Trust Funds accounts IUnr8Strlct•dl IUnr?$trictedl {unrestrlctsdl Restrlct8d Endowmont Fund$ Funds Total 2023-24 Income 1 Donations and legadgs 2 Income from monetary investments 3 Income from Investment properiie5 4 Assessrnenls on Churches S Capital R&¢eipts 6 Grants received 7 Other charitable income 8 Total Incomè 8.025 9.801 17.831 125.091 125.091 13,678 146,794 13.678 156,600 9.801 Expenditure 9 Grants and donalions 10 Salaries and associated costs 11 Property maintenan 12 Connexional assessment & model trusl lew 13 District Assessmenl & Levy 14 DeprecTation 15 offi￿ expenses 16 Other outgoings 17 Total Charitable expendliure 18 Gainslllossesl on monetsry investments 19 Gainslllossesl on Manse disposal 20 Net incomellexp&ndltur81 21 TTansfers befv￿en funds 22 Reclassification of funds 23 Nèt movèmènt in fund5 24 Total funds brouÈht forward 25 Total funds carried forward 11,000 65,567 56.668 11.000 65.567 56.668 7.240 38.S55 7.240 555 38.000 21.157 23.699 216,091 21.157 23.699 223,886 7,795 49,297 20,000 2.006 20,000 47,286 49,297 1.538.827 1,489,530 -17,994 194,792 176.798 -67,286 1,736.409 1,669,123 2.790 2,795 Name of Cirojit.. Middlesbrough & Eslon Circuit Circuit No 1133911 Balance Sheet as at 31 August 2024 GN General Fund IUnre5trtcledl Clrcult Model Twsts IUt)rè$th¢tpdl Dq8ignated Funds IUnrestriGtedl Restrfctèd Funds Endowment Funds Totals 2023124 Totals 2022123 Not•s lotho Accounts Flxed Asset$ CirGuiI Manses & Equipmeni Invosimem properti•$ Investments 1.304.262 1.304.262 1.304.262 Total Ilxedassets 1,304.262 1,304.262 1.304,262 Curr•rtA88et¥ tsebtors Loans by the cir￿11 Investments ￿1h TMCP Central Financè Bo£rd DepD9il$ Cash ai Bankand In hand 1,218 1.218 176.796 2,795 179,593 155,150 64,840 400.601 197.582 157.015 108.918 467,423 155.150 64.640 221.ODB rotalcurrentassets 176.798 179S current Ilabllltles Creditors (due under 1 yearl Gran15 payable 35,740 35,740 35.276 rolalcurreni liabilitles 35,740 105.26B 35.740 364.861 35.276 432,147 176,798 1795 Totalassets loss currentllablllll•s 1.489.530 174798 2,795 1.669.123 1.736.409 (due after more than one yearl Gr*tti$ payabi8 all8r2018-19 Nel assets 1A89A30 176,798 2.79$ 1.669.123 1,736,409 Funds 4f thè Clr¢tslt GenBral Fund Iunreslridedl Cl￿￿11 Model TTUSI Fund Iunrestridadl Oesignaled Fund5 Iunreslridedl TotalUnmirirledFunds Re¥iriried Funds Endowm￿1 Funds 1.489,530 1,489.530 176.79e 1,538.827 194.792 176.798 1.666.528 2.795 1.733.619 2,790 2.795 TolalFunds 1,489.530 176,798 2,795 1.669.123 1,736.409 Signed Circuit Treasurer Notes to the Accounts 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 Praclice (SORP) applicable to charities preparing their accounts in accordance with FRS102-the Charities SORP (FRS102) and taking note ofthe Update Bulletin 1 issued in 2016. 2 Funds The funds held constitute.. General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose . There are no Endowment funds. 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 historica5 cost except Ihal investments are shown al their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuiys financial position and activities. Incoming Resources Income is included in the Slatement of Financial Activities (SOFA) when the Circuit becomes entitled to the resour￿5, and Ihe trustees are reasonably certain they will receive the resources., and the monetary value can be measured wilh sufficient reliability- Resources Expended This is recognised when a liability is incuried, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an oufflow of economic benefrt is considered more likely than not under the legal or constructive obligalion 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 Ihal there is a legal or operational obligation to make Ihe payment. VAT Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers. Tangible fixed assets for use by the Circuit Tangible fixed assets are capitalised if they can be used for more Ihan one year. and cost at least £500. The Manse buildings is shown in the accounts at 2020 deemed values, No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption thal it had reached the end of ils useful economic life by the year-end) to be not less than its current value. Any depreciation would nol be material. The propety has been reviewed for impairment.. Investment Properties Inveslment properties - no property is currenlly deemed to not be held for the long temi purposes of the charity. Investments Investments are valued in the balance sheet at market value al 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 are made up of sundry debtors and loans owing from Linthorpe Road Resource Centre. Creditors Creditors include both sundry expenses and specifically the 1 sl quarter assessment re￿iVed in August. 4 Payment to Trustees There were no payments made to trustees for additional services provided to the Circuit by agreement with the Circuil Meeting, this excludes stipends. Trustee expenses 2023124 2022123 Number of Trustees Total amount £262 £280 Expense payments primarily relate to reimbursement for travel and computing costs 5 Fees for examination or audit of the accounts 2023124 2022123 Independent examiner's or auditors, fees for reporting on the accounts Other fees (eg: advice, accountancy seNices) paid to the independent examiner or auditor 2,227 1,860 910 6 Paid employees Staff Costs paid during the year were: Gross wages, salaries and benefits in kind Employer's National Insurance costs Pension costs Total staff costs 2023124 2022123 50.582 21.807 5.488 9.497 65,567 5,843 13,375 41.025 Average number of full-time equivalent employees in the year were: 7 Capital Commitments and Contingent Liabilities At the 31st August 2023 there are no capital commitments. No Contingent liabilities were identified at 31st August 2023. 8 For information only Money received and passed on to External Or anisations 2023124 2022123 Balance brought forward from last year OfferingslGifts - received for External Organisations OfferingslGifts - passed to External Organisations Balance carried forward 9 Tangible Fixed Assets Cost or valuation Fixtures. fittings and equipment Payments on account and assets under construction Other buildings Land Manses Total Balance brou ht forward 1,304,262 1,304,262 Additions Revaluats'ons Dis osals Transfers ' Balance carried foward 1,304,262 1,304,262 Accumulated depreciation Balance brou ht forward Depreciation charge for ear 00 Revaluations Dis osals Transfers" Balance carried forward Net book value Brou ht forward 1,304,262 1,304,262 Carried forward 1.304,262 1,304,262 10 Investment assets The circuit has no Investment properties The circuit has no common investment fund holdings 11 Loans The Circuit currently has no loans 12 Analysis of restricted and designated funds 2023-24 Restricted Fund Name Opening Balance Incoming Resources Resources Expended Transfers Closing Balance Purpose of the fund Benevolent Fund 1,226 40 1,266 Development Fund Available for funding outreach and development work Circuit resource centre Fund designated for the maintenance of the ntre. Totals 1,226 40 1,266 "Comparative analysis of restricted and designated funds 2022-2023 Restricted Fund Name Opening Balance Incoming Resources Resources Expended Transfers Closing Balance Purpose of the fund Benevolent Fund 1,226 1,226 Support for individuals in ecific need Development Fund Available for fijnding outreach and development work Circuit resource Fund Fund designated for the maintenance of the ntre. Totals 1,276 1,226 Circuit DECLARATIONS Treasurer I confirm that these accrual based accounts for the year ended 31 August. lave been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeling. Signature of Treasurer Dale dJi&rriCL) Z4)iS Name ofTreasurer L4friCL Address I* C aAfv)CwJS ALifyL(-I 3ACA Presentation to the Circuit Meeting for approval. I confirm that the annual report and accounts for the year ended 31 Aug76L4were, or will be. presented lo Ihe Circuit Meeting at its meeting on and were approved. Signature of the Chair of the meeting Name of Ihe Chair ofthe meeting Dale Independent Examlner's Report to the Trustees of the Circuit This Report is on the Circuit Accounts for the year ended 31. August .Zot Respective responsibilities of Trustees and Examlner The Circuit's trustees are responsible for ensuring that Ihe annual report and accounts for the year lo 31 August 2016 present a true and fair view of the Circuit's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider thal an audit is not necessary for Ihis year under Section 144 of the Charilies Act 2011 (the Charilies Act) and that an independent examination is needed. It is my responsibility to.. examine Ihe accounts under section 145 of the Charities Act- to follow the procedures laid down in the general Directions given by the Charity Commission under Section 145{5)(b) of the Charities act., and to stale whelher particular matters have come to my attention. ' Pleas6 delete or circle as appropriate Clrcuit Basis of Independent Examiner'5 Report My examinatlon was ¢arried out in accordance wllh the general directions given by the Charity Commission. An examination includes a reviow of the accounting records kept by the charity and a comparison ol the accounts presented wilh those records.11 also includes consideration of any unusual items. in nature or Scale. or disclosures in the accounts. seeking explanations from the Trustees Concerning such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit and, consequently no opinion is gNen as lo whether the accounts present a true and fail view. My report is limited to those matter5 sel out in the statement below. Independent Examiner's Statement In conneciion with my examination, no matter has come to my altenlion (other than as disclosed below") 11) which gives me reasonable cause lo believe that in any material respect Ihe requirernents: to keep accounting records in accordance with Section 130 of the Charities Act. to prepare accounts which accord with the aGcounting records and comply wilh the accounting requirements of the Charities Acl have not been met, or {2) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (3) I have Ihave not" obtained independent verificalion 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 dale. Name of independent examiner Signature of independent examiner Relevant Professional qualification of inde endent examiner Name offirm (where appro riate Address ESFaEr)JE Date 27 IcJ3I.)ozS ' Please delete orcircle as appropriale **Darlington District Circuit number:13/02** ## **MIDDLESBROUGH & ESTON CIRCUIT** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[ST] AUGUST 2024** **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF** ## **MIDDLESBROUGH & ESTON CIRCUIT** ## **FOR THE YEAR ENDED 31[ST] AUGUST 2024** I report on the accounts of the charity for the year ended 31[st] August 2024 which are set out on pages 3 to 8. ## **Respective responsibilities of the Circuit Meeting and independent examiners** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of Examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Regulators. This examination includes a review of the accounting records kept by the Circuit Treasurer and a comparison of the accounts 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 that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention: 1. which gives us reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached **Dated: 27[th] March 2025** **Mrs J. E. Shield BA FCA Leonard Bye Limited** Chartered Accountants 80 Borough Road Middlesbrough TS1 2JN 2 ## **MIDDLESBROUGH & ESTON CIRCUIT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] AUGUST 2024** |||**2024**|**2024**|**2024**|**2023**| |---|---|---|---|---|---| |||**£**|**£**|**£**|**£**| |||**Restricted**|**Unrest’ed**||| |||**Funds**|**Funds**|**Totals**|**Totals**| |**INCOMING RESOURCES**|**Notes**||||| |Assessments|**2**|**-**|125,091|125,091|123,912| |Interest received||9,807|8,024|17,831|10,622| |Grants received||-|-|-|-| |Letting income||-|13,678|13,678|(357)| |Capital Receipts||-|-|-|18,573| |Other Income||-|-|-|9,355| |||———|———|———|———| |**Total incoming resources**||9,807|146,793|156,600|162,105| |||────|────|────|────| |**Resourses expanded**|||||| |Stipends, salaries and pensions|**3**|-|65,567|65,567|41,025| |District Expenses||7,240|38,000|45,240|46,453| |Ministerial administration cost:|||||| |Postage and stationery||-|183|183|122| |Telephones||-|1,424|1,424|1,819| |Travel||-|2,697|2,697|1,927| |Office functions:|||||| |Office services||-|13,463|13,463|13,661| |Printing and stationery
|**4**|-|253|253|280| |Accounting, Bookkeeping & payroll||-|3,137|3,137|2,700| |TMCP administration fee||555|-|555|624| |Bank Charges||-|146|146|128| |Manse expenses
|**5**|-|9,762|9,762|11,884| |Manse repairs||**-**|16,300|16,300|1,358| |Other expenses:|||||| |Methodist publishing house||-|282|282|251| |Pulpit supply||-|-|-|-| |Sundry expenses||-|174|174|165| |Avenue Project||-|23,097|23,097|(6,685)| |Advertising & Misc expenses||-|-|-|-| |Outreach Worker Grant||-|6,000|6,000|6,000| |Legal & Professional Fees||-|-|-|(4,418)| |Grants Paid out||-|5,000|5,000|12,500| |Eston Grange|||30,606|30,606|-| |||———|———|———|———| |**Total resources expended**||7,795|216,091|223,886|129,794| |||────|────|────|────| |**NET INCOMING/(OUTGOING)**||2,012|(69,298)|(67,286)|32,311| |**TRANSFER BETWEEN FUNDS**||(20,000)|20,000|**-**|**-**| |**RECLASSIFICATION OF FUNDS**||**-**|**-**|-|-| |||**———**|**———**|**———**|**———**| |**NET MOVEMENT IN FUNDS**||(17,988)|(49,298)|(67,286)|32,311| |**FUND BALANCES B/FORWARD**||197,581|1,538,828|1,736,409|1,704,098| |||**———**|**———**|**———**|**———**| |**FUND BALANCES C/FORWARD**||179,593|1,489,530|1,669,123|1,736,409| |||**════**|**════**|**════**|**════**| 3 ## **MIDDLESBROUGH & ESTON CIRCUIT** ## **BALANCE SHEET FOR THE YEAR ENDED 31[ST] AUGUST 2024** ||||**2024**|**2023**| |---|---|---|---|---| ||**Notes**|**£**|**£**|**£**
**£**| |**FIXED ASSETS**||||| |Tangible assets|**6**||1,304,262|1,304,262| |**CURRENT ASSETS**||||| |Debtors and prepayments|**7**|1,218||3,908| |Central finance board||155,150||157,015| |Model Trust fund||176,798||194,792| |Cash at bank and in hand|9|64,640||108,917| |Endowments and bequests||2,795||2,791| |||–———||–———| |||400,601||467,423| |**CURRENT LIABILITIES**||||| |Creditors|8|35,740||35,276| |||———||———| |**NET CURRENT ASSETS**|||364,861|432,147| ||||**–———**|**–———**| |**NET ASSETS**|||1,669,123|1,736,409| ||||**═════**|**═════**| |Financed by:||||| |**ACCUMULATED FUNDS**||||| |Model Trust Fund|||176,798|194,792| |Endowments & Bequests|||2,795|2,791| |General funds|||1,424,530|1,473,826| |Revaluation Reserve|||65,000|65,000| ||||———–|–––––––| ||||1,669,123|1,736,409| ||||═════|═════| Mrs L Duffield Dated: 12[th] March 2025 On behalf of the Circuit Committee 4 ## **MIDDLESBROUGH & ESTON CIRCUIT** ## **NOTES TO THE 2024 ACCOUNTS** ## **1. ACCOUNTING POLICIES** ## **1.1 General information and basis of preparation** Middlesbrough & Eston Circuit was registered as a charity with the Charity Commission on 1st February 2010. The charity registration number is 1133911. The charity's principle address is Nunthorpe Methodist Church, Connaught Road, Nunthorpe, Middlesbrough, TS7 0BP. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2015. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **1.2 Incoming Resources** This represents the grants, assessments and other income receivable during the period. ## **1.3 Resources Expended** Resources expended are allocated to the particular activity where the cost relates directly to that activity. ## **1.4 Recognition of income** These are included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability. 5 **MIDDLESBROUGH & ESTON CIRCUIT** ## **NOTES TO THE 2024 ACCOUNTS –continued** ## **2. ASSESSMENTS** ## **3.** |**ASSESSMENTS**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Grove Hill|11,000|9,000| |Marton|32,897|32,252| |Normanby|8,364|10,160| |Nunthorpe|42,230|41,200| |Stainton|1,600|3,300| |Trinity|26,000|25,000| |Avenue Community Project|3,000|3,000| ||────|────| ||125,091|123,912| ||════|════| |**PAID EMPLOYEES**||| |Staff costs paid during the year were split:||| ||**2024**|**2023**| ||**£**|**£**| |Gross wages, salaries and benefits in kind|60,704|70,442| |Employer’s National Insurance costs|5,488|5,843| |Pension costs|9,497|13,375| |Sickpay Refund|(10,122)|(48,635)| ||────|────| |Total staff costs|65,567|41,025| ||════|════| |Average number of full time equivalent employees|3|3| ||════|════| No member of the management committee received any remuneration in the year for services as a trustee. No employees received remuneration in excess of £60,000. ## **4. PAYMENTS TO TRUSTEES** Payments to trustees only included refunds of expenses incurred on behalf of the Circuit (e.g stationery, postage, computer supplies etc) |stationery, postage, computer supplies etc)||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Total amount paid|253|280| ||════|════| |Number of trustees who were paid expenses|1|1| ||════|════| 6 **MIDDLESBROUGH & ESTON CIRCUIT NOTES TO THE 2024 ACCOUNTS –continued** |**5.**|**MANSE EXPENSES**||| |---|---|---|---| |||**2024**|**2023**| |||**£**|**£**| ||Rates|5,380|5,432| ||Quinquennial inspections|-|2,280| ||Insurance|4,382|4,172| |||────|────| |||9,762|11,884| |||════|════| |**6**.|**TANGIBLE FIXED ASSETS**||| ||||**Manses**| ||Cost/Valuation at 1stSeptember 2023||1,304,262| ||Additions||-| ||Disposal||| ||||———| ||Cost/Valuation at 31stAugust 2024||1,304,262| ||||———| ||Depreciation at 1stSeptember 2023||-| ||Charge for the year||-| ||||———| ||Depreciation 31stAugust 2024||-| ||||════| ||Net book value at 31stAugust 2024||1,304,262| ||||════| We do not regard the value as being less than cost. We have carried out an impairment review and have decided that the property is not an inalienable asset and so consider that no depreciation is necessary. ## **7. DEBTORS AND PREPAYMENTS** |**DEBTORS AND PREPAYMENTS**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Debtors and prepayments|1,218|3,908| ||———|———| ||1,218|3,908| ||════|════| 7 ## **MIDDLESBROUGH & ESTON CIRCUIT NOTES TO THE 2024 ACCOUNTS –continued** ## **8. CREDITORS** |**CREDITORS**|||| |---|---|---|---| |||**2024**|**2023**| |||**£**|**£**| |Accruals||2,660|3,481| |Benevolent fund|**10**|1,267|1,226| |Young people & Education|Resources|(395)|46| |Receipts in advance||32,208|30,523| |||———|———| |||35,740|35,276| |||════|════| ## **9. CASH AT BANK** Cash at bank includes £17,830 held for the Avenue Project. ## **10. BENEVOLENT FUND** The uses of these funds are designated by the committee, only for use as deemed appropriate by the Circuit officers to help in situations of hardship. The movement in the funds during the year was as follows: |||**£**| |---|---|---| |Balance brought forward at 1stSeptember 2023||1,226| |Add: Offerings collected at Circuit services|40|| |Less: Fund payments|-|| ||———|| |||40| |||———| |Balance carried forward at 31stAugust 2024||1,266| |||════| ## **11. CONTROL** No individual or group controls the Circuit. ## **12. GRANT TO TFFC** The Circuit have agreed to give TFFC a total grant of £30,000 payable over 5 years. A fourth 8