## **THE METHODIST CHURCH CENTRAL NORFOLK CIRCUIT.** _Registered Charity No 1134271_ # **Trustees Annual Report and Financial Statements for the year ended 31st August 2022.** 1 ## **CONTENTS** Title Page and Name of the Charity 1 Contents 2 Legal and Administrative Details of Charity 3-4 The Report of the Trustees 5-7 Statement of Trustees’ Responsibilities 8 2 # **LEGAL AND ADMINISTRATIVE DETAILS** ## **Trust Address** 5 Cromwell Close, Swaffham. PE37 7TT. ## **Auditors Independent External Examiner** Arden Kendall Limited Chartered Certified Accountants 20 High Street, Watton, Norfolk IP25 6AE ## **Bankers** Barclays Bank plc 34 Market Place, Dereham, Norfolk, NR19 2AS 3 ## **Trustees of Central Norfolk** The Trustees are appointed according to the constitution of the Methodist Church (see page 5). The following Trustees have served during the period covered by this report: Superintendent Minister: Revd Jacqueline Horton Ministers: Revd Cliff Shanganya, Revd Anne Richardson, Deacon Jen Woodfin Revd Rosemary Wakelin Circuit Stewards: Pippa Cook, Aileen Fox, John Hull, Jill Skinner, Geraldine Allen Circuit Treasurer: Lewis Pearson Circuit Meeting Secretary: Mandy Etherington ## **Additional Trustees for the period 1[st] September 2021 – 31st August 2022** |**Church Steward**|**Dates (if not full**
**year)**|**Treasurer**|**Dates (if not full**
**year)**|**Representative**|**Dates (if not full**
**year)**| |---|---|---|---|---|---| |Ian Spooner|Left Aug22|WendyHull||Ann Pope|| |Samantha Parfitt||Ruth Southerland||Olwyn Brough|| |Peter Gwatkin||Sylvia Meredith||JackyWoor|| |David Yarham||Hazel Yarham||Ann Morgan|| |Roger Fulcher||Beryl Ewin||David Ewin|| |Pat Hall||Peter Saunders|Left Aug22|Pauline Baldry|| |Heather Parle||Anne Richmond|||| |Joselyn Bunting||Graham
Holdsworth||Tony Hey|| |Stephen Lynn||Veronica Little||Sheila Lynn|| |Andrew Durrant||Fred Garner||MandyEtherington|Left Aug22| |Maggie Blundell||Diana Pengelley||Geraldine Allen|| |SallyMartin||Avril Temple||Freda Banyard|Left Aug22| |Margaret
Pomery||Helen Dye||Ann Silvey|| |Bert Etherington|Left Aug22|Malcolm Cook||Glyn Constantine|| |Jo Trick||Sarah Rodgers||Vera Dye|| |David Davies||Bryan Plumbly||Jean Nield|| |Ailsa Warburton||Joyce Gathercole||Elizabeth Lodge|| |Thelma Davey||Pat Hall||Barbara Slattery|| |Elsie Warby||Sadie Spalding|Left Aug22|Martin Neave|| |Cynthia Howlett||Anna Hall|Left Nov 22|Marion Perryman|| |Anne Pope||Michael Coleman||TonyYaxley|| |Cliff Shanganya|Left Aug22||||| 4 ## **REPORT OF THE TRUSTEES** The Trustees have pleasure in presenting their report for the year ended 31st August 2022 under the Charities Act 1993, together with the audited financial statements for the year. We confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities Statement of Recommended Practice (SORP) 2005. The Trust was registered on 12th February 2010 in accordance with the Charities Act 2011. Particulars of the charity’s trustees and professional advisers are given on pages 3 and 4. ## **Structure, Governance and Management** The charity is operated under the regulations of the Methodist Church as stated in _The Constitutional Practice and Discipline of the Methodist Church_ with advice from Officers of the Methodist Church. ## **Governing Body** The Trustees are the Governing Body of the Trust. ## **Recruitment of Trustees** The Charity Trustees are appointed to the roles identified on page 4, for a designated period, either by direct election at the Circuit Meeting for Circuit Office Holders, or by individual Church Councils who elect their representatives to the Circuit Meeting. ## **Organisational Management** The management of the Trust is the responsibility of the Trustees. It is conducted through the Circuit Leadership Team and Circuit meetings. Circuit Staff assist in the implementation of policies. The day to day administration of the Circuit is the responsibility of the Superintendent Minister and the Circuit Stewards. ## **Aims, Objectives and Activities** The objectives of the Central Norfolk Circuit are those as set out for the Methodist Church of Great Britain in the Deed of Union 1932 and the 1976 Methodist Church Act. The charitable objects are the purposes of the Methodist Church and these are the advancement of: - (a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; - (b) any charitable purpose for the time being of any Connexional, district, circuit, local or other organization of the Methodist Church; - (c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; - (d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. 5 ## **The Central Norfolk Methodist Circuit 14/15** ## **Mission Statement** ## _**Aim:**_ **Our mission is to live and share the good news of God’s love in Jesus Christ** ## _**Objectives:**_ We are therefore committed to: ## **1. Connecting the Circuit as One:** - To Enrich Worship. - To provide a joyful and relevant Christian presence in our communities. - To respond to the Holy Spirit and to be open for change and hope for the future. - To be effective in communication. **2. Working in partnership,** wherever possible, with other churches, faith and community groups; and to support the Church’s wider mission. **3. Support all our activities in prayer** , by encouraging words and practical actions. **4. Nurturing** mutual support and pastoral care, enhanced by Christian education and training for all ages. **5. Develop Circuit Teams** that use peoples’ gifts, skills and abilities that can be shared in these areas: - Worship, - Learning and Caring, - Mission and Evangelism, - Under 19’s and - Finance and Property. ## To be reviewed as required. Each church is urged to explore what this means for them, involving all members of the church community. (Updated March 2013). ## **Achievements and Performance** We gave continued our activities as a grouping of Methodist churches in central Norfolk. One or two churches have closed, or are closing, but we also have some exciting new projects of which the most recent is the hosting of a new East Anglian Methodist Heritage Centre in the small village of Wighton. We have had a full complement of staff this year although we have had to cope with two Sabbaticals of Staff members. We have also had the privilege of welcoming a new probationer minister into the Staff Team and a new Administrator who is the heartbeat of communication at the centre of the Circuit. Financially, we continue to draw on our capital reserves but this is inevitable as churches close and as costs go up. Next year we will be downsizing with the loss of one member of staff and this will put us on a better financial footing. All in all, it has been a good year and we look forward to the next one. 6 ## **Financial Review** The Trustees report a net loss of income of £30,477 The Trustees continue to keep all financial policies under review. ## **Investment Policy** In accordance with the Trust documentation, the Trustees have the power to invest in such stocks, shares, investments and property as they consider appropriate. The Trustees have used this power to invest in the funds of the Central Finance Board of the Methodist Church. In common with many other investment funds, the valuation of the funds showed a modest increase over the year. The Trustees continue to monitor the funds of the Circuit to enable clear and prudent policy decisions on expenditure. ## **Risk Assessment and Management** During the year under review, the Trustees have maintained oversight of the major risks to which the charity is exposed, resulting in risk management strategies being implemented. Risks to which the organisation may be exposed are identified by the Trustees and kept under regular review. ## **Reserves** It is the policy of the charity to hold reserves in its unrestricted funds which have not yet been committed or designated for any particular purpose. The Trustees have set aside these reserves in order to protect the future operations of the charity from the effects of any unforeseen variations in its income as part of a policy of good financial practice. ## **Public Benefit** The Trustees have reviewed the activities of the past year in line with the Charity Commission guidance on public interest benefit. The aims and objectives of the Central Norfolk Circuit are within those guidelines and are interpreted by the District as providing specific benefit to those who are members of the Methodist Church ## **Future Plans** In addition to an ongoing commitment to provide effective resources for the members, local churches and within the Central Norfolk Circuit, the Trustees are committed to: - Ensure the appointment and deployment of ordained ministry throughout the Circuit. - Provide support for those who have oversight of safeguarding procedures for children, young people and vulnerable adults. - Develop partnerships with other churches. ## **Auditors** A resolution proposing that Arden Kendall Limited be re-appointed as the independent external examiner of the charity will be put to the Circuit Meeting. 7 ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|
Aileen Fox|| |---|---|---| ||Mrs Aileen Fox|Mr Lewis Pearson| ||
Senior Circuit Steward|Circuit Treasurer| ||15thJune 2022|| ||15thJune 2022|| ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), and that they show a true and fair view of the state of the Central Norfolk Circuits affairs. In preparing these financial statements, the Trustees are required to: - Select suitable accounting policies and then apply them consistently. - Observe the methods and principles in the Charities SORP. - Make judgements and estimates that are reasonable and prudent. - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Central Norfolk Circuit will continue in operation. The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time, the financial position of the Central Norfolk Circuit and enable them to ensure that the financial statements comply with the Charities Act 2011 and Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: - There is no relevant audit information of which the charity’s auditors are unaware. - The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 8 The Central Norfolk Methodist Circuit (Charty Registratson number: 1134271) Financial Statements For the year ended 31 August 2022 Namè of Circuit The ¢•ntral Norfolk IAelhodi%t Circuit ¢(￿Ull No: 14115 Statoment of Financial Activities ISOFAI for the year ended 31 August 2022 Unrestricted Fund¥ GeDernl Fund CirGutl mod￿ Trust t>esignatsd RestriGtsd Endowm•nt Funds Funds Funds Total 2021-22 Total 2020-21 Income 1 Donatiorts leg8cie5 2 In(x)me fi(¥n mortslary uNesttr*F)IS 3 Income ftom invesvnent tv(wbe5 4 Assessmetrts on Churc 5 Capilal Reoipts 6 Giants received 7 Other tharilal￿e irK¥)rr 8 Tdal Income 1138 15 3.793 24.900 200.683 2.824 27,WD 164.533 24,gFJ 2(￿,683 18.SXI 14,157 261.109 18.500 14,157 264.333 18.50D 3.970 221.723 3.138 59 12 15 Expenditure 9 Grants d(mabons 10 ￿alle$ asscoated r£6ts 11 Property mamlenance 12 conne￿On￿ assessThrt & mthi lrnst 6,000 81,239 29,762 36.369 169.062 22.719 181.239 29.762 4.047 4,047 43A60 4.536 44.493 14 tkpreoal 15 Office expe￿e5 16 Other oulgoirq5 17 Totsi charfiabfg exper￿￿ 18 Gainslllossesl cffi Enonetary vestments 19 sai￿<10sSeS}Qts Iwes¢ment properties 27.CQ7 2.913 29J.38f 27,007 3,295 294.810 24,827 6,287 308,293 373 4,420 (T.￿} 17.9961 19,257 460.408 421.935 431.136 16.520 371.281 818.937 1717.972 3￿36.￿9 19,2781 S9 (15.3431. 12 112,9181 21 Transfers bewn funds 22 Ixher ga1￿(￿$£es> 23 Net movorn•rt In luTh (ln) 371 281 403,274 11711 793.216 1416.1901 3,165 . 2,875.925 3,292.115 2,994 3.669,141 2.875,925 19.278 135.803 126￿25 162841 16.284 12 2.701 1713 24 Total fund5 b￿￿h1 fcfi 25 Total lund5 caryiod lonv*d Name of Clrcult: The Central Norfolk Methodist Circuit Circuit No- 14115 Balance Sheet as at 31 August 2022 Unrestritted Circuit Deslgnate(J Model Funds Gentrrdl Fund Endovmient Fund5 Totals 2022 Totsls 2021 Funds Flxed A5s8ts Circuit Manses & E rrTeni Land & In¥estrnent properbes Investrnents Totdlffxedassets 2.116,505 1.269.614 2.116.505 1,269.614 119287 3,505,406 1,867.630 666.800 127.283 2,681,713 9&10 119,287 119,287 3.386.119 Y￿nt Assets Debtors Loans to the CinuEt Invests))ents wrih TMCP Central Finance Board Deposrts Cash at Bank and in hand 2,312 2,312 11.658 3.ff13 14,661 146.868 5,109 168,950 32.963 17S,469 14,4T9 223,495 144.155 5,1(B 151.576 2.713 Total cutrrentass8ts 2.713 3,rn3 Current liabilities Credilors (due In under 1 Totsl CUFTrntllabililies Net¢urrent aSSet￿la1)I11tieS 4.4J) 4.420 7.238 5.215 5.215 163,735 29.283 29,283 194.212 150, 2.713 Total assets current lialjilitles 3&36,909 126.525 2.713 3,669,141 2.875.925 Provi&ons Ikgbilitie5 av charges Netassets 3,536,909 126.525 2.713 3,669,141 2.875,925 Funds of the Circutt Genefftl Fund Iunrestndedl Ciiojrt Model Trust Fund (UnreStr￿tedl Deggnated Fund5 {u￿￿tilCted> Total UnrestrictedFunds Reslncted FurKIs 3,535,￿0 3.536.909 2,717,972 126.525 126.525 135, 12 16,284 2.870.059 2,701 3,165 2,875,925 3,663,434 2.713 12 2.713 Endow7nent Funds 2.994 3.669,141 TotaiFunds 3.536.*19 126,525 1713 Signed Circuit Treasurer Notes to tho Accounts 1 Basis of accounting The financial statements have been prepared under the Chaiil*s Acl 2011 in acry)rd8n¢e wrth the 2014 version of AccJJuntin9 and Reporting by charit￿S.. Statemenl of Recommended Pract￿ ISORPI applicable lo tharilies preparing their accounts In actg)rdance with FRS102- the Ch8ri1ies SORP IFRS1021 and lakir¥J nole ol the Update Bulletin 1 isswd in 2016. 2 Funds The ftjnds held o)nslilutè." General Funds hekl fw any wry)ose of the Circxjit are Unrestricted. The Cirojit Model Trust Fund has wide pl1r￿Se$ defined in Standing Orders and is categorised as ￿n￿StriCted. Re5trited lunds which are held for 8 narrower purrrf)se. There are End￿ment frjnds. Delails ofeach material lund are disdosed in the ffinal note to thesè acc£)unts. Any funds may be represented by rn0￿ than just cash. 3 Accounting polleies Basls These 8c(%Junts kne treen wgpared ￿ the ba%s of hislorirAI ￿st except that invesb))ents are shown al their market value at the end of the year, on the ac£ruals ba￿S lo sh¢x a true and fairview of the C1￿￿1￿S finanaal wsitson and actNilies. Incoming Resources Income is induded in the Statement of Financial ActivitEs ISOFAI when the Cirwrt beajrnes entitlecl to the resour¢ès, and the trustses are r&*onabty certain they will re(*Ne Ihe resources.. and the monetary value can be measured with suffiaent relialy"lty. Resources Expended This is feo)gnised when a liatm.lity is imirred. or a ¢onstruclive obligabon arises, that resutts in the paymenf being unavotdable. Liabilits"es tt￿ recognised as soon as an oufnow of economic benefft is ¢¢)nsKlered more Itkely than not under Ihe legal or cortstnKlive obSi9atKJn comrniiti.ng the Cirajil lo pay out resour￿$. Grants Grants made by the cIr¢￿rt from its own lunds are Iwnised in full al ts time of agreement or when the Ciicuil 8ccepts thai the￿ is a legal or operalional thIMJatK)n lo make the payment. VAT STrn¢e the Csrcurt is not VAT registered. all inpirt VAT is charged with the expenses to vjhich it refets. Tangible fixed assets for use by the Circuit Tangible fixed assets are caprtalised rfthey can be for mofe than Me year, and cost al least £1,000. The freehold property is shThYn in the accounts at revalued cost, ofwhich the land component is deemed lo be £20.¢XJO. No depreuation is provided ￿ the building because the truslees consider the curTent residual lair value of the manse buildings lon the assumption that rt had rethd the end of rts useful econornic Itfe by the yearondl to be not less than ils ¢aJNent value. Any depreaation would not be material. The prry)erty has been reviewed for imp3im)ent. Investment Properties Investment properb.es are held for the Iwtem) purposes ofthe tharity. Investments Inveslments are valued in the balar￿ sh*t at mathet value at the year end. Investment Ir￿orn0 is induded in the accounts when r￿l¥able and any gains or losses on revaluation at the year-end are shovm in the SOFA. Debtors and Prepayments Debtors rela¢e prinapalty to the prepayment ol the sept$￿ter styend in August, and premium of the insurance for September. Creditors CTedr(ors indude both sundry expenses arKI Sp￿tlY the 1st quarter assessment recewed in August. 4 Payment to Trustees There were no payments made lo Intstees for ad(*iorN41 services wovided to Ihe Circuit by agreement wth the Circuit MeetirKJ, this exc*xk$ stiFend5. Twslee expenses 2021122 2020r21 Number of Trustees Total amount £8.601 £6,108 Expense payments primarity relate to rernbursement for travel and compub.ng costs S Fees for examination or audrt of the accounts 2021122 2020121 Independent examinef s or audrtors. fees for iep(xting on the accounts Other f￿S leg." adv￿, accountancy servusl paid lo the independent examiner or auditor 120 120 570 666 6 Paid employees staff Costs paid during the year were: Gross wages, salarie5 and benefits in kn.nd 2021122 2020121 30,748 2,068 1,845 34,661 22,738 992 1.364 25,094 Employerfs Nat￿TraI Insuran￿ costs Pension costs Total stsff costs Average number of fu1141me equfvalent gmployees In the year were: 7 Capitsl Commltments and Contingent Liabililies 2021122 2020121 APE￿Ved grants to Circuit churches and projed5 8 For inforniati¢)n onty received (md passed M to External nisations 2021122 2020121 Balance brought forward from last year OfferingslGrfts - received for Extemal Organisations 0fferin￿rfts . passed to Exiernal Organtsations Balance ￿TrIed forward 9 Tangible Fixed Assets Cost or valuation Fixtures, fitts.ngs and equipment Payments on arKount and assets undw ¢(x)stnJ¢tlon Investment Propertles Land building5 Totsi Balance tx(yJ hl forward 20,000 646,800 1,831.222 56.408 2.554.430 Addilior 371.281 371,281 Revaluattons 184.300 270.204 5.904 460.408 Dis OS31s Translers" 418.514 418.514 Balan￿ carried lorward 20.000 1,249,614 2.054.193 62.312 3,386,119 Accumulated depreciation Balance brou ht forward Depreciation charge for ear Revaluats"ons Dis Transfers" Balance Carri￿ fonvard Net bf)ok value Brou ht forward 20,000 646,800 1.831,222 56.408 2,554.430 Carried lorward 1249,614 2.054,193 62.312 3,386 119 10 Investment assets The circuit has three Investn*nt properbes. 3 Roses Court Wells,"12 Cromwell Close. Watton,. and 8 St Andrews Cl(Ee. Holi all wth current siting tenants. The circuit has no comyjn inveslment fvnd holdings 11 Loans The Circuit has not provided any kons to the circu5t during the year. 12 Analysis of designated and restricted funds 2021122 Restricted Fund Name Opening Incoming Resources . Transfers Balance Resources i Ex ended I Closing Balance Purpose of the fund Rocklands MC Fund 2,701 12 2,713 For upkeep of land of forrrw Rocklands MC Restricted Totsls 2,701 12 2.713 Bertha Cork Trust 16,284 59 116.3431 For general putposes eg. Discretionary grants etc. Design2ted Totsls 16,284 59 {16.343) "Comparative analy&s of ￿S￿icted funds 202&2021 Restricted Fund Name Opening Balance Incoming Resources Expended Trnnsfers Closing Balance Purpose of the fund Ivy Bamard Trust 36,134 240 (32,168) (4,375) Capital investrrEntr, interest to Iwy Bamard Fund Ivy Barnard Fund 170 (1.020) Re5tn'¢led Grant use as specified in trust deed Rocklands MC Fund 2,698 2,701 For upkeep of land of former Rocklands MC Restricted Totals 39,682 413 132.1681 2,701 Bertha Cork Trust 14.801 1.530 (471 16.284 For general purposes eg. Discretionary grants elc.. Designated Totals 14.801 1.530 {471 16.284 13 Analysis of Endowment funds 2021122 Endowment Name Rocklands Methodist Church (MC) How the capital is invested ThICP Trustees. Interest Fund The current value of the caprtal £3,003.43 Annual Income £ 14.87 I￿hat the income was used for Upkeep of Rocklands graveyard TOTAL value of all Endovmients £3,003.43 TOTAL Annual Income £ 14.87 The reasons for the transfers between funds were as follows.. Transfers for application of interest to specified purposes, also payments of approved grants to individuals or churches as provided for in temis of bequest, trust deeds etc. CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the truslees The Central Norfolk Methodist Circutl On accounts for the year ended 31 August 2022 Charity no (if any) 1134271 Set out on pages 1to8 I report to the trustees on my examination of the a¢¢ounts of the above charity (Yhe Trust"> for the year ended 31 August 2022. Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Chartty Commission under section 145(5)Ib) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection wrth the examination which gives me ause to believe that in, any material respect- the accounting records were not kept in accordan￿ with section 130 of the Charities Act-, or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the fomi and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter onsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Robert Kendall Relevant professional qualificationls) or body lif any): FCCA Address: 38 High Street Watton, Norfolk, IP25 6AE IER Oct 2018 Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charty accounts.. directions and guidance for examiners)- Give here brief detsils of any items that the examiner wishes to disclose. IER Oct 2018