2021-08-31-accounts - North Herts Methodist Circuit

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		Page
Administrative information		3
Trustees'	Report
Financial	Report
Risk management		10
Trustees'	expenses	10
Trustees'	responsibilities	10
Financial	review	ll
Reserves	policy	12

Trustees oame	Trustees oame	Appointed	Ofiice		Appoiniing Body	Appoiniing Body
Rev Malcolm	Peacock		Superintendent Minister		Exofficio
Rev Graham Claydon R nhi			Minister		Exofficio
Rev I/ai Reid			Mimster		Exofficio
Deacon Marciaone Uwimana			Deacon		Ex officio
Rev Julian Blakemore					Exofficio
Rev Melanic Crcwlsy			Mmister		Excfiicio
Rev Peter Orton			Minister		Exofficio
Rev Cbandrika	Perera		Minuter		Exofficio
Rev Nicholas	Young		Supernumerary Minister		Exofficio
Rcv Jului Wbi/ilc			Supuriuuicrdry Muuxicr		Exutfiviu
Rev BobForrest			Supernumerary Minister		Exofficio
Deacon Malcolm Knowles			Supernumerary Deacon		Exoffido
Jenny Wright		Jun-19	Circuit Administrator/Secretary		Exofficio
Circu/t Mtg
Ann Archer		Sep-14	Cucutt Manse Steward		Cucuit Meetmg
Brian Burgess		Sep-08	Church Representanve		Berungton Church Councd
I&ate Dickinson		Sep-19	LP Meeting secretary		LP Meeting
Allis onPfinc			Circuit Steward		Circuit Stewards
Andrew Suny		Sep-09	Church Representative		St Faith's Joint PCC
Barbara Cook		Sep-14	Worship Leader		Circuit Meeting
Bob Hamilton		Oct-20	Church Representative		SHSJ
Cath Edmonds		Scp-19	Church Representative		Christchurch Church Mtg
Stephanie Breker		Sep-13	Church Representative		Chrntchurch Church Mtg
Colin Ys/rr		Srr -nu	Church nrnrrrr n/snvr		Central Chnrrh	I'nnnril
David Latter		Sep-08	Local Preacher (Tutor)		Local Preachers	Mtg
Diane Graham		Sep-13	Church Representative/Connex.	Funds	Christchurch Church Mtg
Georgina Offie		Sep-18	Church Representative		Afi Saints Joint	PCC
Gill Francis		Sap 18	Church Representative		Bcldock Church	Mtg
Gill Hughes		Sep-19	Circuit Steward		Circuit Stewards
Helen Hoficn		Scp-15	Church Representauve		Pirton Church Council
Helen Priest		Oct-20	Church Representauve		SHSJ
I'dll Bl'dkellbuly		Scp-09	Church Representative		Piriuri Chuirb Council
J Alan Burrefi		Mar-I 0	Church Representative		St Paul's Church	Council
Jackie Hall		Sep-08	Church Representative		Trinity, Church	Mtg.
Jane Stephens		Sep-18	Church Representative		StPauys Church	Council
Janet Iackley		Mar-I I	t.'ircuit Steward/I. 'hurch Representat/ve		V/rton t.'hurcb Council
Jeani fer Rogers		Sep-10	Safeguarding Advisor		Circuit Meeting
Jube Mills		Sep-20	Church Representative		Christchurch Church Mtg
John Sherman		Mar-08	Church Representative		Central Church	Council

North Hertfordshir	e Methodist	Circuit	Circuit	Charity Nty. 1133930
Financial statements	for year ended	31August 2021
Trustees name	Appoiated	Otgce		Appointing Body
Jonathan Battsrbee	Sep-19	Church	Representative	Central Church Council
June RSunpson	Mar-Og	Church	Representative	Stotfold Church Council
Kctl Sllslpe	Nov-to	church	Representanve	nigh bt
Mandy Pye	Mar-16	Church	Representative	Chnstchurcb Church Mtg
Margaret Turner	Msr-I 1	Church	Representative	Stotfol d Church Coun cd
Nick Long	Sep-13	Circuit	Steward	Circuit Stewards
Numal Chopde	Sep-19	Church	Representative	High St
Norman Riddle	Sep-15	Church	Representative	All Saints Joint PCC
Peter Device	Mar-11	Church	Representative	Bemngton Church Council
Peter Dron	Sep-ttg	Church	Representatrve	All Saints Joint PCC
Peter Rogers	Sep-11	Circuit	Steward	Circuit Meeung
Robert Driver	Sep-26	Church	Representative	Baldock Church Mtg
Roy Robinson	Sep-2t	Church	Representatrve	Bsldock Church Mtg

			Notes to the	General	Circuit Muriel	Circuit Muriel	Total 2020-21	Total 2019-20
			accounts		Trust
Income
I Donations snd legacies								l49
2 Income from monetary	investments		4	52		773	825	2,124
3 Income &om investment	properties		5	7,358			7/58	14,915
4 Assessments on Churches			17	208,854			208,854	231,795
5 Profit on SaleofFixed	Assets		6	305,519	64,706		370,225
6 Grants received			7	1,380			1&380	7, 131
7 Other charitable income				1,002			1,002	918
8Total income				524,165	65,479		589,644	257,032
Expeaditare
9 Grants and donations				8,905			8,905	5,435
10Salaries and associated	costs		10	149,493			149,493	154,493
I I Prnperty maintenanne				45,137			45,137	23,088
12Model trust levy					9,378		9478	6,418
13District Assessment /I	Levy			42,768			42,768	44,452
14Deprecianon
15Oflic expenses				19,780		357	20,137	31,015
16Other outgoings				2,733			2 733	490
17Total charitable expenditure				268,816	9,735		278,551	265,391
18Gains/(losses) on monetary		investments				508	508	(50)
19Gains/(losses) uu iuvcstrrrcut		properties
20Net income/(expenditure)				255@49	56/52		311,601	(8,409)
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds				255,349	56,Z5Z		311,601	8,409
24 Total fimds brought forward				1,439,578	171,932		1,611,510	1,619,919
25 Total funds carried forward				1,694,927	228,184		1,923,111	1,611,510

							Notes to the Accounts	General Fund (Unrestricted)	Circuit Model Trusts (Unrestricted)	Total 2021	Total 2020
									f.
Fixed Assets
CircuitManses &E		oi ment						1,709,562		1,709,562	1 849912
Investnent ro erhes
lovestounts							12		228,184	228 184	171932
		Total			ed	assets		1,709,562	228,184	1,937,746	2,021844
Current	Assets
Debtors							13	6,803		6,803	1,124
Central	Fiooocr ttnord l7e			osits				9.942		9942	39,333
Cash at	Bank and in hand							15,329		15,329	10,125
		Total		current		assets		32,074		32,074	50,582
Current	lisbrkgties
Creditors rior in norler 1			esr				14	20233		20,233	1,190
Grants	a ble within 2020-21							7,723		7,723	9,726
Brid '	Loan										450,000
	Total current				liabilities			27,956		27,956	460 916
	Iyet current assetsRiabitities							4,118		4,118	(410i334
Lon term liabiTities
Creditors (due in more tban				1	esr			18,753		18,753
	Total assets	less	lotal		tiabihties			1,694,927	228,184	1,923,111	1,611,510
	Transfers		between			funds
					Wet	rtssets		1,694,927	228,184	1,923,111	1,611,510
Funds ofthe Chcuit
General	Fund Unrestricted							1 694 927		1,694,927	1,439,578
Circuit	Model Trust	Fund		Unrestricted					228 184	228,184	17i 932
Uest	ted Funds Unrestricted
	Tolal	Unrestricted				Funds		1694927	228 184	1,923,111 1,611,510
Restricted Funds
Endowment Funds
				Total		Funds		1,694,927	220r184	ty923it11	tg611r510

Notes to the accounts	(continued)
8.Payment to Trustees				2021	2020
Payments made to trustees for additional			services	NIL	NIL
Number oftrustees who were paid		expenses		5	9
Total amount paid				2,599	5,533
No trustees undertook	additional services		on behalf ofthe Circuit.
9.Fees for examination or audit ofthe			accounts
				2021	2020
Independent examiner's	or auditors'	fees	for reporting on the accounts	570	660
Other fees (eg. advice,	accouraancy	services) paid to the independent		NIL	NIL
examiner or auditor
10,Paid employees
StaffCosts paid during	the year were:			2021	2020
Gross wages, salaries	and bcnafits	in land		112,088	118,185
Employer's National Insurance costs				9,915	9,507
Pension costs				27,490	26,801
Total stalf costs				149,493	154,493
Average number ofstafF employed		during	the year were:	7	7

determined by the Methodist C	onference.
			2021	2020
Jovectmeorc listed on s rer:oaoixarl stock		Fxchsnge	3.278	2,769
Invesnnents held in common investment		funds	224,906	169163
			228,184	171,932
Change in investme nt values			2021	2020
Carrying (market) value at beginning ofyear			171,932	177,207
Add: additions to investments	atcost		65,479	1,560
Less: disposals at carrying value			(9,735)	(6,785)
Net gain/(loss) on revel uahon			&VJJ	'50
Carrying (msrket) value at end	ofyear		228,184	171,932
13.Analysis ofcurrent assets
Iiebtors and pmpayments			2021	2020
Prepayrnents			996	1,124
Other debtors			5,807
Total debtom and pre payments			6,803	1,124
Analysis ofcash at bank			2021	2020
Bank balance held in Lloyds			15,329	10,125
14.Analysis orcurrent liabilities
			2021	2020
			f.	5
Accruals			12,510	1,190
Other oreditors			7 723
			20,233	1,190
Grants payable			7,723	9,726
Bridging Loan				450.000
Total Current I.iabiTities			27,956	460,916

15.A	nalysis oflong term creditors
		2021	2020
Other	creditors	18,753

102I'
								Payments		Amounts
					Descriptio	a	Income fmm	to related		owed by	/(to)
Name	ofrelated party			Relationship	of		related party	puny		related party
					trsasaction		during year	during	the	as on 31-Aug-
								csr		2021
Bedford, Essex and Hertfordsbire			District		Assessment			42,768
Ag Saints Church,	Pin Green Stevsnage			Circuit Church	Assessment		5,000
Arlesey Methodist	Church,	Beds		Circuit Church	Assessment
Baldock Methodist	Church,	Herts		Circuit Church	Assessment		9,000
Beningtou Methodist Church,				Circuit Church	Assessmeut		4,716
Central Methodist	Church,	Letchworth		Circuit Church	Assessment		60,480
Chnstcburcb, Hitcbin Herts				Circuit Church	Assessment		68,640			(8,450)
					Assessment
High Street Methodist Church, Stevenage				Circuit Church	/(grant)		24,900
						I
I/ottoa Methodist	Church,	Intchworth		Circuit Church	/(grant)		7,680
Pirton Methodist Church, Hens				Circuit Church	Assessment		4,920
StPsitb's Chm b,	nk I ' l1 uc			C' itCh I	As"	I					(715)
StHugh and StJohn Church, Stevenage				Circuit Church	Assessment /(grant)		5,904
St Paul's Methodist	Church,	Stevenage		Circuit Church	Assessment		8,088
Stotfoid Methodist	Church,	Beds		Circuit Church	Assessment		12,420
Trinity Church, Knebwoub		Hurts		Circuit Church	Asscssmcnt		(2,894)			1,472
Total							208,854			7723

2020
								Payments	Amounts
					Description	Income	fmm	to related	owed by/(tc)
Name	ofrelated osrtv			Relationshio	of	misted	partv	party	related partv
					trsnsactioa	during	year	during the	as on 31-Aug-
								year	2020
Bedford, Essex and Hertiordshire			Distnct	District	Assessment			44,45/.
Ail Saints Church,	Pin Greco Stcvenage			Circuit Church	Assessment		6,750
Arlesey Methodist	I'.hurch,	Eerie		I'.ircuit C.'hurch	Assessment		2,048
BaldcckMethodist Church,		Herts		Circuit Church	Assessment		6,982
					Assessment
Benington Methodist Church,				Circuit Church	/(taunt)		4,585		(4,000)
Central Methodist	Church	Letchworth		Circuit Church	Assessment		58,769
Chnstchurch, Ilitchis Herts				Circuit Church	Assessment /(8/ant)		66,655		(6,453)
High Street Methodist Church, Stevenage				Circuit Church	Assessment		24,153
Norton Methodist	Church,	Letchworth		Circuit Church	Assessment		7,466
Pitton Methodist	Church, Herts			Circuit Church	Assessment		4,796
					Assessment
St Faith's Church,	Hitchin Hefts			Circuit Church	/(grant)		2,231			(745)
Ct Hnsh snrl St lohn Ctnrrrh St&vrnssr				C'irrnit C1mrrh	Acsrsnnent
St Paul's Methodist Church,		Stcvenatp		Circuit Church	Assessment		8,088
Stotfold Methodist	Church,	Beds		Circuit Church	Assessment		12,077
Trinity Church, Knebworth		Hens		Circuit Church	Assessment		21,029			1,472
Total						231	797	44452	9 726