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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|
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|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|
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|||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|
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||||||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|
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|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|
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|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|
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|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|
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|2022|2021|
|---|---|
|5,516|18,753|
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|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)|
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|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|
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