2023-08-31-accounts - North Herts Methodist Circuit

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		Page
Administrative information		3
Trustees'	Report
Financial Report Risk management Trustees' expenses Trustees' responsibilities Financial review		10 10 10 11
Reserves	policy	12
Financial	Statements foryear 2022-2023	14

Trustees name		Appointed	Office	Appointing Body	Appointing Body
Rev Gmham Claydon Knights			Joint Superintendent Minister	Exofficio
Rev Val Reid			Joint Superintendent Minister	Exofficio
Rev Julian Blskemore			Minister	Exol5cio
Rev Melanic Crowley			Minister	Exofficio
Rev Peter Orton			Minister	Exoflicio
Rev Chandrika	Perera		Minister	Exoflicio
Rev Nicholas Young			Supernumerary Minister	Exol5cio
Rev John Whittle			Supernumerary Minister	Exolficio
Rev BobForrest			Supernumerary Minister	Exofficio
Deacon Malcolm Knowles			Supernumerary Deacon	Exofficio
Jenny Wright		Jun-19'	Circuit Administnn:or/Secretary	Exofficio
Jasmine Hilfer		Mar-23	Circuit Administrator/Secretary	Exofficio
Lydia Becket		Aug-21	Circuit Treasurer	Exoflicio
Circuit Mtg
Allison Ffinch		Sep-19	Circuit Steward	Circuit Stewards
Andrew Surry		Sep-09	Church Representative	St Faith's Joint	PCC
Barbara Cook		Sep-14	Worship Leader	Circuit Meeting
BobHamilton		Oct-20	Church Representative	SHSJ
Brian Burgess		Sep-08	Church Representative	Benington Church Council
				Christchurch Church
Cath Edmonds		Sep-19	Church Representative	M
David Latter		Sep-08	Local Preacher (Tutor)	Local Preachers Mtg
		13 "P 3	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
				Puton Church
Helen Hoflon		Sep-15	Church Representative	Council
				Pirton Church
Ian Brakenbury		Sep-09	Church Representative	Council
				St Paul's Church
JAlan Burrell		Mar-16	Church Representative	Council
			Circuit Steward/Church	Pirton Church
Janet Tackley			Re resentative	Council
Jennifer Rogers		Sep-10	Safeguarding Advisor	Circuit Meeting
				Central Church
John Sherman		Mar-08	Church Representative	Council
				Central Church
Jonathan Battarbee		Sep-19	Church Representative	Council
				Christchurch	Church
Julie Mills		Sep-20	Church Representative	M

inancial statements forye	ar ended 91August	2023
			Stotfold Church
June RSimpson	Mar-08	Church Representative	Council
Ken Sharpe	Nov-16	Church Representative	High St
			Stotfold Church
Margaret Turner	Mar-11	Church Representative	Council
Nirmal 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	May-21	Church Representative	Baldock Church Mtg
Sara Crowley	Sep-22	Circuit Steward	Circuit Stewards
			Christchurch Church
Stephanie Breker	Sep-13	Church Representative	Mt
Sue Chastney	Sep-09	Safeguarding Advisor	Circuit Meeting
			Stotfold Church
Val Triplow	Sep-15	Church Representative	Council
Vic Evans	Sep-19	Circuit Steward	Circuit Stewards
			Central Church
Vivien Storey	Mar-08	Church Representative	Council

			Notes to the accounts	General Fund	Cbvuit Model Trust	Total 2023	Total 2022
Income
Donations and legacies
Income )rom monetary	investments		4	1,172	5,800	6,972	1,099
Income S.om investment	properties		5	43,424		43,424	16,057
Assessments on Churches			17	181,552		181,552	195,727
Grants received			6	10,768		10,768	866
Other charitable income				1,515		1,515	2,331
Gain trom StPaul s				471,549		471,549
Total income				709,980	5,$00	715,7&0	216,080
Expenditure
Grants and donations				24,145		24,145	17,783
Salaries and associated	costs		10	89,034		89,034	132,176
Property maintenance				53,698		53,698	21,514
Model trust levy					5,902	5,902	7,416
District Assessment &	Levy			44,996		44,996	42,448
Depreciation
Oince expenses				26,560	565	27,125	26,709
Other'outgoings				2,858		2,858
Total charitable expenditure				241,291	6,467	247,75$	248,046
Gains/(losses) on monetary		investments			(130)	(130)	(206)
Net income/(expenditure)				468,689	(797)	467i$92	(32,172)
Transfers between funds				27,959	(27,959)
Other gains/(losses)
Net movement in funds				496,648	28,756	467,892	32 172
Total funds brought forward				1,700,045	190,894	1,890,939	1,923,111
Total funds carried forward				2,196,693	162,13$	2,358,831	1,890,939

					Notes to the Accouats	General Fuad (Unrestricted)	Circuit Model Trusts (Unrestricted)	Total 2023	Total 2022
BxedAssets
Circuit Menses &E	ui ment					1,709 562		1,709 562	I 709562
Church						450,000		450,000
Investments					12		162,138	162,138	190,894
	Total		d	assets		2,159862	162,138	2,321,700	1,900,456
Current Assets
Debtors					13	1,613		1,613	1,281
Central Finance Board De		osits				36367		36,267	16659
Cash at Bank and in hand						40,951		40,951	7,020
	Total	current		assets		7$,831		78,831	24,960
Current liabilities
Creditors due in under I		ear			14	15462		15,462	16,489
Grants a ble						26,238		26338	12,472
Total current			liabilities			41,700		41,700	28,961
Net current assetslliabilities						37,131		37,131	(4,001
Lo term lialities
Creditors due in more than I			ar		15				5,516
Total assets	less total		liabilities			2,196,693	162,1382@58,831		1,890,939
			Net	Assets		2,196,693	162,138	2458,$31	1,890839
Funds ofthe Circuit
General Fund mestricted						2 175 144		2,175,144	I 700,045
General Fund StPaula		stricted				21,549		21,549
Circuit Model Trust	Fund		eslricted				162,138	162,138	190894
Desi ted Funds	estricted
Total	Unrestricted			Eunds		2,196,693	162,13S	2458,831	1,890,939
Restricted Funds
		Total		Funds		2,196,693	162,138	2458,$31	1,$90,939

					Circuit	Total	Total
4.Investment		income		Unrestricted	Model	2023	2022
					Trust Fund
Lloyds Interest				1,172		1,172	90
Circuit Model		Trust Fund income			5,800	5,800	1,009
Total				1,172	5,800	6 tt72	1,099
					Circuit	Total	Total
5.Other trading activities				Unrestricted	Model	2023	2022
					Trust Fund
Lettings income				43,424		43,424	16,057
					Circuit	Total	Total
6.Grants received				Unrestricted	Model	2023	2022
					Trust Fund
Bedfordshire Hertlbrdshire	Essex and District			10,768		107768
Coronavirus	Job Retention		Scheme Grant				866
Total				10,768	—	10,768	866

8.Payment toTrustees	8.Payment toTrustees				2023	2022
Paynx:nts made to trustees for additional				services	NIL	ML
Number oftrustees who		were paid	expenses		4	4
Total amount paid					5,385	5,595
No trustees undertook	addiiional services			on behalf ofthe Circuit.
9.Fees for examination		oraudit ofthe		accounts
					2023	2022
Independent examiner's		or auditors'	fees	for reporting onthe accounts	624	570
Other fees (eg:advice,	accountancy		services) paid to the independent
examiner or auditor
10.Paid employees
StaffCosts paid during	the year were:				2023	2022
Gross wages, salaries	and benegts		in kind		67,698	99,813
Employer's National Insurance costs					6,157	9,158
Pension cosis					15,179	23,205
Total staffcosts					89,034	132,176
Average number ofstaff		employed	during the year were:		4	5

determined by the Methodist C	onference	.
			2023	2022
Investments listed an arecognised StockExchange			2,941	3,072
Investments held in common investment		funds	159,197	187,822
			162,138	190,894
Change in investment values			2023	2022
Carrying (market) value at beginning ofyear			190,894	228,184
Add: additions to investments	atcost		5,800	1,009
Less: disposals at carrying value			(6,467)	(8,093)
Net gain/(loss) onrevaluation			(130)	(206)
Transfers in/(out)			27,959	30,000
Carrying (market) value at end	ofyear		162,138	190,894
13.Analysis ofcurrent assets
Debtors and prepayments			2023	2022
Prepayments			1,613	1,281
14.Analysis ofcurrent liabilities
			2023	2022
Accruals			9,946	2,001
Other creditors			5,516	14,488
			15,462	16,489
Grants payable			26,238	12,472
Total Current LiabiTities			41,700	28,961

17.Related Party Transactions
2023
					Payments	Amounts
			Deiicrtptioa	Income from	to related	owed by /(to)
Name ofrelated party		Relationship	of tmnsactiou	misted party during year	party duriag the	related party as oo 31-Aug-
					ear	2023
Bedford, Essex and Hertfordshire	District
All Saints Church, Pin Green Stevenage		Circuit Church	Assessment	4,680
Arlesey Methodist Church, Beds		Circuit Church	Assessment
Be)dockMethodist Church, Herts				7,932		(11,754)
Beningnm Methodist Church,		Circuit Church	Assessment	2,004
Central Methodist Church, Letchwortb		Circuit Church		53,232
Christchurc, Hitchin Herts			Assessment	60,420		(15,211)
High Street Methodist Church, Stevenage		Circuit Church	Assessment /(grmt)	21,924
Norton Methodist Church, Letchworth		Circuit Church	Assessment /(grant)	6,768
Pirton Me/hodist Church, Herts		Circuit Church		4,320
StHugh aud Stfohn Chmch, Stevensge		Circuit Church	Assessment	5,376
StFaith's Church, Hitchin Herts		Circuit Church	Assessment /(grant)	5,398		(745)
St Paul's Methodist Church, Stevenage		Circuit Church	Assessment
Stotfoid Methodist Church, Beds			Assessment
Trmity Church, Knebworth Hurts			Assessment	4,494		1,472
Total				181,552		(26,238)

17.Related Part 2022	y	Tmnsactions
							Payments	Amounts
					Descriptio a	Income fmm	to related	owed by	/(to)
Name		ofrelated party		Relationship	of	~elated party	party	related party
					transaction	doring year	during the	ss on 31-Aug-
							ear	2022
Bedford, Essex and Hertfordshke			District				42,448
All Ssiats Church,		Pin Gmen Steveoage			Assessment	4,680
Arlesey Methodist		Chmch, Beds			Assessment
Batdock Methodist		Church, Herts		Circuit Church	Assessment	8,021			(254)
Benington Methodist Church,					Assessment	4,152
Central Methodist		Church, Letchworih		Circuit Church		53,232			(500)
				Circuit Church	Assessment	60,420		(12,445)
					Assessment
High Street Methodist Church, Stevenage				Circuit Church	/(gnmt)	22,172
Norton Methodist		Church, Letchworth		Circuit Church	Assessment /(grant)	6,768
Pirton Methodist	Church, Herts					4,320
St Hugh and StJobe Church, Steveaage				Circuit Church		5,376
StFaith's Church,		Ktrhm Herts		Cimuit Church	Assessment /(grant)	3,060			(745)
StPaul's Methodist		Church, Stevenage		Circuit Church	Assessment	8,088
Stotfold Methodist		Church, Beds		Circuit Church		10,944
Trinity Chmch, Knebworth Herts				Circuit Church		4,494			1,472
Total						195,727		(12,472)

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