2022-08-31-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	11
Reserves	policy	12
Financial	Statements foryear 2021-2022	14

Trustees name			Appointed	OSice	Appointing Body
Rev Malcolm Peacock				Superintendent Minister	Exofficio
Rev Graham Claydon Knights				Minister	Exofficio
Rev Val Reid				Minister	Exofficio
Deacon Marcianne		Uwimana		Deacon	Exofficio
Rev Julian Blakemore				Minister	Exofficio
Rev Melanic Crowley				Minister	Exofficio
Rev Peter Orton				Minister	Exofficio
Rev Chandrika	Perera			Minister	Exofficio
Rev Nicholas Young				Supernumerary Minister	Exofficio
Rev John Whittle				Supernumerary Minister	Exofficio
Rev BobForrest				Supernumerary Minister	Exofficio
Deacon Malcolm		Knowles		Supernumerary Deacon	Exofficio
Jenny Wright			Jun-19	Circuit Administrator/Secretary	Exofficio
Lydia Becket			Aug-21	Circuit Treasurer	Exofficio
Circuit Mtg
Allison Ffinch			Sep-19	Circuit Steward	Circuit Stewards
Andrew Surry			Sep-09	Church Representative	StFaith's Joint PCC
Barbara Cook			Sep-14	Worship Leader	Circuit Meeting
Bob Hamilton			Oct-20	Church Representative	SHSJ
Brian Burgess			Sep-08	Church Representative	Benington Church Council
Cath Edmonds			Sep-19	Church Representative	Christchurch Church Mt
					Central Church
Colin Yates			Sep-09	Church Representative	Council
David Latter			Sep-08	Local Preacher (Tutor)	Local Preachers Mtg
Diane Grahmn			Sep-13	Church Representative/Connex. Funds	Christchurch Church Mt
Georgina Offie			Sep-18	Church Representative	All Saints Joint PCC
Gill Francis			Sep-18	Church Representative	Baldock Church Mtg
Gill Hughes			Sep-17	Circuit Steward	Circuit Stewards
Helen Hoilon			Sep-15	Church Representative	Pirton Church Council
Helen Priest			Oct-20	Church Representative	SHSJ
					Pirton Church
lan Brakenbury			Sep-09	Church Representative	Council
JAlan Burrell			Mar-16	Church Representative	StPaurs Church Council
Jackie Hall			Sep-08	Church Representative	Trinity, Church Mtg.
Jane Stephens			Sep-18	Church Representative	St Paul's Church Council
Janet Tackley			Mar-11	Circuit Steward/Church Re resentative	Pirton Church Council
Jennifer Rogers			Sep-10	Safeguarding Advisor	Circuit Meeting

John Sherman	Mar-08	Church Representative	Centml Church Council
Jonathan Battarbee	Sep-19	Church Representative	Central Church Council
			Christchurch Church
Julie Mills	Sep-20	Church Representative	Mt
June RSimpson	Mar-08	Church Representative	Stotfold Church Council
Kate Dickinson	Sep-19	LP Meeting secretary	LP Meeting
Ken Sharpe	Nov-16	Church Representative	High St
Mandy Pye	Mar-16	Church Representative	Christchurch Church Mt
Margaret Turner	Mar-11	Church Representative	Stotfold Church Council
Nick Long	Sep-13	Circuit Steward	Circuit Stewards
Ninnal Chopde	Sep-19	Church Representative	High St
Norman Kiddle	Sep-15	Church Representative	All Saints Joint PCC
Peter Davies	Mar-11	Church Representative	Benington Church Council
Peter Dron	Sep-08	Church Representative	All Saints Joint PCC
Robert Driver	Sep-20	Church Representative	Baldock Church Mtg
Roy Robinson	Sep-21	Church Representative	Baldock Church Mtg
Shawal S encer	Sep-20	Church Representative	High St
Stephanie Breker	Sep-13	Church Representative	Christchurch Church Mtg
Sue Chastney	Sep-09	Safeguarding Advisor	Circuit Meeting
Val Triplow	Sep-15	Church Representative	Stotfold Church Council
Vic Evans	Sep-19	Circuit Steward	Circuit Stewards
Vivien Storey	Mar-08	Church Representative	Central Church Council

		Notes to the accounts	General Fund	Circuit Model Trust	Total 2022	Total 2021
Income
I Donations and legacies
2 Income from monetary investments		4	90	1,009	1,099	825
3 Income Rom investment properties		5	16,057		16,057	7,358
4 Assessments on Churches		17	195,727		195,727	208,854
5 Profit on Sale ofFixed Assets		6				370,225
6 Grants received		7	866		866	1,380
7 Other charitable income			2,331		2,331	1,002
8 Total income			215,071	1,009	216,080	589,644
Expenditure
9 Grants and donations			17,783		17,783	8,905
10Salaries and associated costs		10	132,176		132,176	149,493
11Property maintenance			21,514		21,514	45,137
12Model trust levy				7,416	7,416	9,378
13District Assessment &Levy			42,448		42,44$	42,768
14Depreciation
15Oflice expenses			26,032	677	26,709	20,137
16Other outgoings						2,733
17Total charitable expenditure			239,953	8,093	248,046	278,551
18Gains/(losses) on monetary	investments			(206)	(206)	508
19Gains/(losses) on investment	properties
20 Net income/(expenditure)			(24,$$2)	(7,290)	(32,172)	311,601
21 Transfers between funds			30,000	(30,000)
22 Other gains/(losses)
23Net movement in funds			5,11$	(37,290	32,172)	311,601
24 Total funds brought forward			1,694,927	228,184	1,923,111	1,611,510
25Total funds carried forward			1,700,045	190,894	1,890,939	1,923,111

					Notes to the Accounts	General Fund (Unrestricted)	Circuit Model Trusts (Unrestricted)	Total 2022	Total 2021
Fixed Assets
Investments					12		190,894	190,894	228,184
	Totalfixed			assets		1,709,562	190,894	1,900,456	1,937,746
Current Assets
Debtors					13	1,281		1,281	6,803
Central Finance Board De		osits				16,659		16,659	9,942
Cash at Bank and in hand						7,020		7,020	15,329
	Total	current		assets		24,960		24,960	32,074
Current liabilities
Creditors	due in under I	ear			14	16489		16,489	20233
Grants a	able within 2021 22					12,472		12472	7,723
	Total current		liabilities			28,961		28,961	27,956
	Net current assets/liabilities					4,001)		(4,001)	4,118
Lo term	liabiTities
Creditors	due in more than	I	ear			5516		5 516	18753
Total assets less total			liabilities			1,700,045	190,894	1,890,939	1,923,111
			Net	Assets		1,700,045	190,894	1,890,939	1,923,111
Frmds ofthe Circuit
General Fund Unrestricted						I 700,045		1,700,045	1,694,927
Circuit Model Trust Fund		estricted					190,894	190,894	228,184
Desi ted	Funds Unrestricted
	Total Unrestricted			Funds		1,700,045	190,894	1,890,939	1,923,111
Restricted	Funds
Endowment	Funds
		Total		Funds		1,700,045	190,894	1,890,939	1,923,111

4.Investment income		Unrestricted	Circuit Model		Total 2022	Total 2021
			Trust Fund
Lloyds Interest		90			90	52
Circuit Model Trust Fund income			1,009		1,009	773
Total		90	1,009		1,099	825
5.Other trading activities		Unrestricted	Circuit Model		Total 2022	Total 2021
			Trust Fund
Lettings income (Maylrees)		16,057			16,057	7,358
6.Profit on Sale ofBxed	Assets	Unrestricted	Circuit Model		Total 2022	Total 2021
			Trust Fund
Profit on sale ofproperty						370425
In the year ended 31 August	2021, the sale	ofthe property	at Turpin's	Way	was completed.
7.Grants received		Unrestricted	Circuit Model		Total 2022	Total 2021
			Trust Fund
Coronavirus Job Retention	Scheme Grant	866			866	1,380

Notes to the accounts		(continued)
8.Payment to Trustees						2022	2021
Payments made to trustees for additional				services		NIL	NIL
Number oftrustees who		were paid	expenses			4	5
Total amount paid						5,595	2,599
No trustees undertook	additional services			on behalf ofthe Circuit.
9.Fees for examination		or audit ofthe		accounts
						2022	2021
Independent examiner's		or auditors'	fees	for reporling	on the accounts	570	570
Other fees (eg: advice,	accountancy		services) paid to		the independent
examiner or auditor
10.Paid employees
StaffCosts paid during	the year were:					2022	2021
Gross wages, salaries	and benefits		in kind			99,813	112,088
Employer's National Insurance costs						9,158	9,915
Pension costs						23,205	27,490
Total staff costs						132,176	149,493
Average number ofstaff		employed	during	the year were:		5	7

determined by the Methodist C	on	ference	.
					2022	2021
Investments listed on a recognised		Stock Exchange			3,072	3,278
Investments held in common investment			funds		187,822	224,906
					190,894	228,184
Change in investment values					2022	2021
Carrying (market) value at beginning ofyear					228,184	17),932
Add: additions to investments	at	cost			1,009	65,479
Less: disposals at carrying value					(8,093)	(9,735)
Net gain/(loss) on revaluation					(206)	508
Transfers in/(out)					30,000
Carrying (market) value at end	ofyear				190,894	228,184
13.Analysis ofeunent assets
Debtors and prepayments					2022	2021
Prepayments					1,281	996
Other debtors						5,807
Total debtors and prepayments					I/81	6,803
Analysis ofcash at bank					2022	2021
						f,
Bank balance held in Lloyds					7,020	15429
14.Analysis ofcunv at liabilities
					2022	2021
Accruals					2,001	12,510
Other creditors					14,488	7,723
					16,489	20,233
Grants payable Total Current Liabilities				19	12,472 28,961	7,723 27,956

2022	2021
5,516	18,753

17.Related Party	Tmnsactioas
2022
						Payments		Amouats
				Description	Income from	to related		owed by /(to)
Name	ofrelated party		Relationship	of	related party	party		related party
				transaction	during year	during	the	as on 31-Aug-
						ear		2022
Bedford, Essex and Hertfordshire		District		Assessment		42,448
Ag Samts Church,	Pin &eon Stevenage		Circuit Church	Assessment	4,680
Arlesey Methodist	Church, Beds		Circuit Church	Assessment
Baldock Methodist	Church, Herts		Circuit Church	Assessment	8,021			(254)
Benington Methodist Church,			Circuit Church	Assessment	4,152
Central Methodist	Church, Letchworth		Circuit Church	Assessment	53,232			(500)
Christchurch, Hitchin Herts			Circuit Church	Assessment	60,420			(12,445)
High Street Methodist Church, Stevenage			Circuit Church	Assessment /(grant)	22,172
Norton Methodist	Church, Letchworth		Circuit Church	Assessment /(grant)	6,768
Pirton Methodist Church, Herts			Circuit Church	Assessment	4,320
St Hugh and StJohn Church, Stevenage			Circuit Church	Assessment	5,376
St Faith's Church,	Hitchin Herts		Circuit Church	Assessment /(grant)	3,060			(745)
StPaul's Methodist	Church, Stevenage		Circuit Church	Assessment	8,088
Stotfold Methodist	Church, Beds		Circuit Church	Assessment	10,944
Trmity Church, Knebworth Herts			Circuit Church	Assessment	4,494			1,472
					195,727			(12,472)

2021
						Payments		Amounts
				Descriptio n	Income from	to related		owed by /(to)
Name	ofrelated party		Relationship	of	misted party	party		related party
				tmnsaction	during year	during	tbe	as on 31-Aug-
						ear		2021
Bedford, Essex and Hertfordshire		District	District	Assessment		42,768
All Saints Church,	Pm Green Stevenage		Circuit Church	Assessment	5,000
Arlesey Methodist	Church, Beds		Circuit Church	Assessment
Baldock Methodist	Church, Her/a		Circuit Church	Assessment	9,000
Benington Methodist Church,			Circuit Church	Assessment	4,716
Central Methodist	Church, Letchworth		Circuit Church	Assessment	60,480
Christchurch, Hitchm Herts			Circuit Church	Assessment	68,640			(8,450)
High Street Methodist Church, Stevenage			Circuit Church	Assessment /(grant)	24,900
Norton Methodist	Church, Letchworth		Circuit Church	Assessment /(grant)	7,680
Pirton Methodist Church, Herts			Circuit Church	Assessment	4,920
St Hugh and StJohn Church, Stevenage			Circuit Church	Assessment /(grant)	5,904
St Faith's Church,	Hitchm Herts		Circuit Church	Assessment				(745)
St Paul's Methodist	Church, Stevenagu		Circuit Church	Assessment	8,088
Stotfold Methodist	Church, Beds		Circuit Church	Assessment	12,420
Trmity Church, Knebworth Her/a			Circuit Church	Assessment	(2,894)			1,472
Total					208,854			7,723