2020-08-31-accounts - Coventry And Nuneaton Methodist Circuit

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Full Name o	fCharity: Coventry	fCharity: Coventry	fCharity: Coventry	fCharity: Coventry	and Nuneaton Methodis	t	C	ircui	t
Registration	Charity Number:				1134347
Date of registration				16th February 2010
Main communication				address:	Bedworth Methodist			Church,
					Mill Street,
					Bedworth
					CV12 8JZ
The members		of	the	Coventry	and Nuneaton Methodist		Circuit		Meeting		are the Charity		Trustees,
membership		being made up of circuit office holders, ministers							and representatives			appointed		by
the local churches. A				list ofTrustees is shown as Appendix				A to this		report.
Circuit Ministers			and	officers
Active Circuit		Ministers			Rev Marcus Torchon						Rev Jane Braund
					Deacon Sheila Dawson						Rev Stephen		Willey
					Rev Doreen Koffie Williams					Deacon Sue		Fry (part-time)
					Rev Richard Wilde (part-time)					Rev	Keith Salter (part-time)
Local Ecumenical					Rev Ali Massey
Partnership	Ministers				Rev Dr Allan Smith
Circuit Youth		Pastors			Mr Ady White (from	1/9/2020)
					Ms Ruda Mvundura	(from 1/9/2020)
Circuit Stewards					Mr Andy Pinks
					Ms Karen Brooks (from			1/9/2020)
					Mrs Tendai Mugodi	(from 1/9/2020)
					Mrs Mary Hobbs
					Mr Peter Dipple
					Mr Trevor Gay
					Mrs Helen Holdforth	(resigned 31/8/2020)
					Mrs Christine Welham		(resigned			31/8/2020)
Treasurer					Mr Mike Hobbs
Independent		examiner			Azets Audit Services
					3Mc Middlemarch Business Park,
					Siskin Drive,
					Coventry,
					CV34FJ
Investment	Bankers				Central Finance Board		of	the	Methodist		Church
					Trustees for Methodist		Church purposes

Fixed assets Tangible assets Current assets	Total fixed	assets	10	Unrestricted funds 6 F01	Designated Funds 65, 45 ,14	Designated Funds 65, 45 ,14	Restricted funds 8 F02	Total this year F04 6, 45 53,14	Total prior year 6 F05 653,145 653,145
Debtors Cash at bank and in hand Current asset investments			11 14	17,522 245,040		25 755,451	3,065	17,547 1,003,555	15,961 1,130,390
Total current assets				26,562		5,47	,065		1,146,351
Creditors: amounts	falling due	within
one year			12	(30,221)		(15,101)	(1,563)	(46,885)	(37,089)
Net current	assent/(liabifi	tiesj							1,109,263
	Totalassets			232,341,393,5			1,501	1,627,	1,762,408
Creditors: amounts	falling due after
one year
Provisions for liabilities
Total net assets orliabilities Funds ofthe Charity				232,341	1,393,520		1,501	1,627,363	1,762,408
Endowment funds
Restricted income funds							1,501	1,501	1,491
Unrestricted funds Revaluation reserve	Total	funds	16	232,341 1,393,520 32,341, 3,5			,501	1,625,862 , 27,	1,760,917 1,762,408
Signed by one trustee	on behalf	ofall
the trustees								Date:	10/03/2021
			Rsv	Marcus Torchon

Annual accounts	for the peri	for the peri	od	1/9/2019 to 3	1/8/2020
Statement of	Financial			Activities	(SOFA)
				Unrestricted	Designated	Restricted	Endowme
				funds	Funds	funds	nt funds	Total funds
				5		8	8	8
Incoming resources
Income and endowments		from:
Donations and legacies				272,088	1,144			273,232
Charitable activities				2,500	1,500			4,000
Other trading activities
Investments				933	7,301	13		8,246
Separate material item ofincome					67,784			67,784
Other				330	2,400			2,730
Total				275,852	80,128	13		355,993
Resources expended
Expenditum on:
Raising funds
Charitable activities				298,394	192,642			491,038
Separate material item ofexpense
Other
Total				298,394	192,642			491,038
Net incomel(expenditure)
before investment
gains/(losses)				(22,542)	(112,513)	10		(135,046)
Net gains/posses) on investments
Net income/(expenditure)				(22,542)	(112,513)	10		(135,046)
Transfers between	funds		16	16,000	(16,000)
Other recognised	gains/()oases):
Gains and losses on revaluation		offixed
assets for the charity's own	use
Other gains/(losses)
Net movement in funds				6,542	128,513	10		135,046
Reconciliation offunds:
Total funds brought forward			16	238,883	1,522,034	1,491		1,762,409
Total funds carried	fort/pard			232,341	1,393,520	1,501		1,627,363

Statement of Financial	Statement of Financial	Activities	(SOFA)	Prior Year	Prior Year
		Unrestricted	Designated	Restricted	Endowme
		funds	Funds	funds	nt funds	Total funds
				8	8	6
Incoming resources
Income and endowments	from:
Donations and legades		253,832				253,832
Charitable activities
Other trading activiTies
Investments		1,190	6,748	13		7,950
Separate material item ofincome			11,925			11,925
Other		25					25
Total		255,046	18,673	13		273	732
Resources expended
Expenditure on:
Raising funds
Charitable acgvities		247,333	150,111			397,447
Separate material item ofexpense
Other
Total		247,333	150,111			397,447
Net income/(expenditure)
before investment
gains/(losses)		7,713	(131,438)	10		(123,716)
Net gains/(losses) on investments
Net income/(expenditure) Transfers between funds		7,713 (8,803)	(131,438) 8,803	10		(123,716)
Other recognised gains/(losses):
Gains and losses on revaluation	offixed
assets for the charity's own use
Other gains/(losses)
Net movementin funds		1,090	122,635	10		123,716
Reconciliation offunds:
Total funds brought forward		239,973	1,644,669	1,482		1,886,124
Total funds carried forward		238,883	1 522,034	1 491		1 762	409

Cash flow statement for	th	e		year end	ed	31	August	2020
									This year	Prior year
								z		5
Cash from operating activities
Net cash provided by (used in) operating		activities							(135,081)	(129,510)
Cash flows from investing activities
Dividends, interest and rents from investments									8,246	7,950
Proceeds from the sale ofproperty, plant		and		equipment						288,170
Purchase of property, plant and equipment								10
Purchase of intangible assets
Proceeds from the sale ofinvestments
Purchase ofinvestments
Other
Net cash provided by (used in) investing			activities						8,246	299,120
Cash flows from financing activities
New borrowing									0	0
Repayments of borrowing									0	0
Net cash provided by (used in) financing				activities					0	0
Change in cash and cash equivalents	in the			reporting period					(126,835)	166,611
Cash and cash equivalents at the beginning				ofthe reporting		period		14	1,130,389	963,780
Cash and cash equivalents atthe end		ofthe reporting			period				1,003,555	1,130,391
									This year	Prior year
Reconciliation ofnet income to net	cash flow from operating						activities		8
Net income/(expenditure) for the reporting			period (as per		SOFA)				(135,046)	(123,716)
Adjustments for:
Depreciation and amortisation charges
Profit on the sale offixed assets										(11,924)
Loss on the sale offixed assets
Gains on investments
Dividends, interest and rents from investments								2	(8,246)	(7,950)
Decrease/(increase) in stocks
(increase)/decrease in debtors								11	(1,585)	(2,427)
increase/(decrease) in creditors								12	9,796	16,508
Net cash used in operating activities									(135,081)	(129,510)
									This year	Prior year
Analysis ofcash and cash equivalent									5	8
Cash in hand								14	1,003,555	1,130,389
Short term deposit (less than 3months)
Total cash and cash equivalents									1,003,555	1,130,389

							unrestricted	Restricted	Restricted	Endowment
							funds	funds		funds	Total funds		Prior year
		Anal is										6	6
Donations		Church Assessments:
and legacies:			Arle				7,269					7,269	4,014
			Atherstone				2,000					2,000	2,000
			Balsall Common				29,768					29,768	26,457
			Bedworth				18,099					18,099	14,951
			Central	Hall			49,868					49,868	49,868
			Coll croft				8,084					8,084	6,364
			Earlsdon				49,339					49,339	48,859
			Fillon le				4,656					4,656	4,365
			Horseton		Gran e		600					600	600
			Meriden				12,418					12,418	11,021
			Nunc aton				34,555					34,555	27,492
			Radford	&Holbrooks			13,811					13,811	18,900
			Rid eLane				2,077					2,077	1,978
			R on				10,833					10,833	9,023
			Woodside		Ave		28,400					28,400	25,939
		Other donations					1,455					1,455	2,000
						Total	273,232				273,232		253,831
Charitable		Grants
activities:							4,000					4,000
						Total	4,000					4,000
Other trading		Lettings
activities:
						Total
Income from		Interest income					8,234		13			8,246	7,950
investments:
						Total	8,234	13				8,246	7,950
Separate		Saleof ro		ert			67,784				67,784		11,925
material	item
ofincome:
						Total	67,784				67,784		11,925
Other:		Other					2,730					2,730	25
						Total	2,730					2,730	25
TOTAL INCOME							355,980	13			355,693		273,731
Other information:
All income in the prior year was unrestricted except for:							513interest for Memorial Fund	funds	held	in the restricted		Weatherall

Notes to th	e acc	ounts (cont)
Note 3		Analysis of	expenditure
						Unrestricted	Restricted	Endowment
						funds	funds	funds	Total funds	Prior year
		Anal		sis						6
Expenditure	on
raising funds:
		Total expenditure on raising funds
Expenditure	on	Stipends, Salaries,	NIC		& Pension	224,301			224,301	189,034
charitable activities		Supernumary/retired Travel		Minister fees		1,300 8,753			1,300 8,753	2,550 9,246
		Office				26,788			26,791	14,956
		Insurance				4,598			4,598	2,300
		Manse occupation				13,697			13,697	14,924
		Manse Maintenance				20,533			20,533	22,110
		Other circuit property		expenses		17,441			17,441	2,250
		Grants and donations				54,148			54,148	31,000
		District Assessments				61,620			61,620	62,000
		Distffict Levy on surplus			funds	52,791			52,791	40,392
		Training and other Ministerial				3,471			3,471	2,476
		Stationing costs				1,595			1,595	4,209
		Total expenditure activities	on charitable			491,036			491,038	397,447
Separate material
item ofexpense
		Total
Other
		Total other expenditure
TOTAL EXPENDITURE						491,036	3		491,038	397,447

										Balance	held	at
						Amount	received	Amount	paid out	period	end
Description/name		of	party		Related				Prior	This	Prior
					party?	This year	Prior year	year	year	year	year
Methodist	Connexion				Yes	350		350
Methodist	Homes Association				Yes	1,188				1,188
Connexional Pro e			Fund		Yes	28	278	278		28		278
Connexional Presbyters				and	Yes
Deacons	Fund					10	110	110		10		110
World Mission					Yes	1,961	456	2,080		337		456
Scout Jamboree					No		160		160
M ilo Hos	ital				No	4,330	1,727	6,057			1,727
JMA					Yes	60		60
Other					No		20	20				20
					Total	7,927	2,751	8,955	160	1,563	2,591

Staff Costs
			This year f	Prior year
Salaries and wages			176,318	147,587
Social security costs			15,529	12,857
Pension costs (Ministers	defined contribution	scheme)	30,626	26,804
Pension costs (Layworker	money purchase scheme)		1,829	1,786
		Total staff costs	224,301	189,034

Average head count in the year	Average head count in the year
The parts	ofthe charity in which the	Ministers
employees	work	Ministerial		la	workers
		Admin	lay	workem
		Other
					Total	10

Please confirm that although the	The Methodist Ministers'	The Methodist Ministers'	Pension Scheme is a
scheme is accounted foras a defined
contribution plan, it is a defined benefit
plan.
Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity	The scheme deficit is Methodist Conference employer).	not is	allocated to individual Methodist Circuits. The responsible for the deficit (as the single

Analysis	ofgrant	s a	nd donations	paid (included	paid (included	in cost of	in cost of	charit	able	activities)	activities)
				Grants to		Grants		to		Support
	Analysis			institutions		individuals					costs	Donation	Total
Workcare	Cha lain				3,600									3,600
Coventry	Central	Hall	- City of
Culture Pro'ect					20000									20,000
Coventry	Central	Hall	- Covid-19
su ort					30,000									30,000
Coventry	Central	Hall	- to enable
young people to go on ayouth
weekend	awa													548
	Total				54,148								54,148
Grants and donations made to institutions
The charity has made			grants to particular		institutions	that are	material		in	the context ofits granimaking.			Details	ofthe
institution	supported,		purpose ofthe	grant	and total	paid to each institution					is listed below.
	Names		ofinstitution					Purpose				Total amount of grants paid 8
Workcare						Support for		the Workcare
						Chaplain	programme							3,600
Coventry	Central	Hall				Coventry	City of		Culture 2021
						Project								20,000
Coventry	Central	Hall				Support for		loss	of income due
						to Covid-19								30,000
Coventry	Central	Hall				To enable young			people to go
						on a outh weekend					away			548
Total grants to institutions in reporting					period									54,148
Other unanalysed		grants and donations
TOTAL GRANTS		AND DONATIONS		PAID									54,148

			Insured	Insured
	Year		value	value
Property	purchased	Cost (8)	2020/21 (8)	2019/20 (8)
Station Road	1994	60,000	368,208	341,249
Joanna Drive	1971	10150	347,451	322,011
Pan field Park	2004	274,043	346,390	321,028
Hi ham Lane	1982	46,452	270,244	250,457
Hatters Court	2018	262 500	281,769	261,138
TOTAL		653,145	1,614,062	1,495,883

		Freehold	Other land 8	Plant,	Fixtures,	Total
		8 buildings	buildings	machinery	fittings and
				and motor	equipment
				vehicles
At the beginning	of	653,145				653,145
the ear
Additions
Revaluations
Disposals
Transfers
Moved to current
asset investment
At end ofthe year		653,145				653,145

10.2 Net	book value
		Freehold land	Other land &	Plant,	Fixtures,	Total
		8 buildings	buildings	machinery	fittings snd
				snd motor	equipment
Net book	value at the	653,145				653,145
beginning	ofthe year
Net book	value at the	653,145				653,145
end ofthe	year

Analysis ofdebtors and prepayments	Analysis ofdebtors and prepayments	This year	Last year
Assessments due from churches,	but not received	2,322	3,850
Ministers payroll pre-paid		15,120	12,113
Other prepayments		105
Total debtors		17,547	15,962

Analysis ofcr	editors
			Amounts	falling due
			This year	Last year
Assessments	received	in advance	28,676	30,837
Other creditors			16,646	3,661
Agency funds	held for	others (to be paid out)	1,563	2,591
			46,885	37,089

Commitment	Commitment	Commitment	made	made	made				f	Time frame	Conditions	Conditions	Funded by
											Coventry City
										up to	of	Culture	Model Trust
Covent		Central			Hall				47,500	2021/22	takin lace		Fund
											Continued
										up to	chaplaincy		Model Trust
Workcare		Cha		lain					7,200	2021/22	su	rt	Fund
Note 14						Cash	at bank and	in hand
												This year f	Last year f
HSBC Bank												45,251	34,194
CAF Bank												121,462	39,841
Methodist		Central Finance Board (CFB)										344,994	207,459
Trustees	for		Methodist			Church Purposes		(TMCP)				491,848	848,896
Total												1,003,555	1,130,389
Note 15						Financial Instruments
Carrying	amount				offinancial		assets					This year	Last year f
Debt instruments					measurered		at amortlsed	cost				17547	15962
Carrying	amount				offinancial		liabilities
Measured		at	amortised			cost						46,885	37,089

			Amounts	paid or	benefit value	benefit value
				This ear
Name oftrustee	Legal authority (eg order, governing		Remuneration Pension contribution		Redundancy (including		Other
	document)					loss of
						office)/ex
						retie
Marcus Torchon	Governing	Document	29,315	7,173
Sheila Dawson	Governing	Document	25,017	6,685
Jane Braund	Governing	Document	25,017	6,685
Doreen Koffee-Williams	Governing	Document	25,017	6,685
Stephen Willsy	Governing	Document	14,497	3,900
Details ofwhy remuneration were paid:	orother employment	benefits	Ministers ofreligion	remuneration		/ preaching	fees

Type ofexpenses reimbursed	This year	Last year
Travel	6,641	5,958
Ministers Telephone	960	1,964
Other - stationery, allowances	3,033	2,987
TOTAL	16,634	16,909

Transactio	Transactio	n	(s) with	related parties
This year
Name ofthe trustee or related party				Relationship to charity	Description ofthe transaction(s)		Income (8)	Expenditure (6)	Balance at period end (8)
Central	Hall			Trustees ofboth Central Hall and the Circuit	Recharges for use of photocopier, refreshments, postage			(1,112)
				Trustees ofboth
				Central Hall and	Recharge of part administrator	salary
Central	Hall			the Circuit
				Trustees ofboth
				Central Hall snd	Recharge of part finance officer	salary		(3,308)
Central	Hall			the Circuit
				Trustees ofboth
				Central Hall and	Grants made			(50,548)
Central	Hall			the Circuit
Central	Hall			Trustees ofboth Central Hall and the Circuit	Re-imbursement for costs incurred at the MacDonald Road building			(15,101)	(15,101)
Circuit Churches (see note 2)				Trustees ofboth Circuit snd Churches	Assessments for the running ofthe circuit and wider Methodist Church		273,232
Birmingham			District	Trustees of both
				District and	Assessment and levy			(114,411)
				Circuit
Birmingham			District	Trustees of both
				District and	Grants received		4,000
				Circuit
Paul Spencer				Director of
(Spencer's		Interiors)		Company and	Manse carpets			(3,148)
				Trustee ofCircuit
There was no provision				for bad debts at	the end ofthe period. No amounts	were written off during		the period.
Last	ear
Name ofthe trustee or related party				Relationship to charity	Description ofthe transaction(s)		Income (6)	Expenditure (6)	Balance at period end (8)
Central	Hall			Trustees ofboth Central Hall and the Circuit	Recharges for use ofphotocopier, refreshments, postage			(2,965)
				Trustees ofboth
				Central Hall and	Recharge ofpart administrator	salary	6,645
Central	Hall			the Circuit
				Trustees ofboth
				Central Hall and	Recharge of part finance officer	salary		(3,253)
Central	Hall			ihe Circuit
				Trustees ofboth
				Central Hall and	Grants made			(30,000)
Central	Hall			the Circuit
Circuit Churches (see note 2)				Trustees ofboth Circuit and Churches	Assessments for the running ofthe circuit and wider Methodist Church		253,831
Birmingham			District	Trustees of both
				District snd	Assessment and levy			(102,392)
				Circuit
Paul Spencer				Director of
(Spencer's		Interiors)		Company and Trustee ofCircuit	Manse carpets			(3,145)

Independent	Exam	iner's report
Report to the trustees of		Coventry and Nuneaton Methodist Circuit
On accounts for
the year ended		31-Aug-20 Charity no: 1134347
Set out on pages		1to 26
Respective responsibilities trustees and examiner	of	The charity's trustees are responsible for the preparation ofthe accounts. The charity's trustees consider that an audit is not required for this year under section 144 ofthe Charities Act 2011 ("the Charities Act") and that an independent examination is needed. The charity's gross income exceeded 5250,000 and I am qualified to
		undertake the examination by being a qualified member ofICAEW.
		It is my responsibility to:
		examine the accounts under section 145ofthe Charities Act,
		to follow the procedures laid down in the general Directions given by the
		Charity Commission (under section 145(5)(b)ofthe Chariities Act, and
		to state whether particular matters have come to my attention
Basis of independent examiner's statement		My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review ofthe accounting records kept by the chariity and a comparison ofthe accounts presented with those records. also includes consideration ofany unusual items or disclosures in the accounts, and	It
		seeking explanations from the trustees concerning any such matters. The
		procedures undertaken do not provide all the evidence that would be required in an
		audit, and consequently no opinion is given as to whether the accounts present a 'true
		and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement		In connection with my examination, no material matters have come to my attention (other than that disclosed below) which gives me cause to believe that in, any material respect:
		the accounting records were not kept in accordance with section 130ofthe
		Charities Act; or
		the accounts did not accord with the accounting records; or
		the accounts did not comply with the applicable requirements concerning
		the form and content ofaccounts 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 considered as part ofan independent
		examination.