#
##
##
##
|||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||
|||**1**3
"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)||
##
##
##
##
##
##