| PAGE | ||
|---|---|---|
| Trustees Report General | Review | 3-5 |
| Finance and Governance | 6-8 | |
| Statement of Financial Activities | ||
| Balance Sheet | 10 | |
| Statement assets and liabilities by fund | 11-12 | |
| Fund movement by type Notes to the Accounts |
13 14-18 |
|
| Declarations | 19 | |
| Independent Examiners |
Report | 20-21 |
| Appendix 1Trustees for | 2019/20 | 22- 24 |
| Circuit Ministers and officers | Circuit Ministers and officers | ||||||
|---|---|---|---|---|---|---|---|
| Active Circuit Ministers: | Rev Derek Grimshaw (Superintendent) |
||||||
| Rev Joan Pell | |||||||
| Rev Diane Smith | |||||||
| Rev Martin Dawes | |||||||
| Rev Andrew Sankey (2/3'4 time) |
|||||||
| Rev lan Gardner (active supernumerary | 10hours/week) | ||||||
| Rev Stephen Yelland (active supernumerary | 8hours/week)) | ||||||
| Circuit Lay Workers: | Mr Stephen Caley, Mr | Mike Stock, Mrs | Sue France | ||||
| Mrs Dawn Bone, Ms Elizabeth Storey, Mrs | Nicky | Seabrook, | |||||
| Mrs Rachael Wainwright, Mr Neil Hepplethwaite |
(joined January 2020) | ||||||
| Ms Emma Bowyer, Mrs Ashley Benham | (joined January 2020) | ||||||
| Circuit Stewards: | Mr Richard Anderson, | Dr Elizabeth Cope, Mrs Judy | Steward, Mr Chris Finbow | ||||
| Circuit Secretary 5Administrator: | Ms Emma Bowyer | ||||||
| Mike Stock | acted as the principal | officer overseeing the day | to day financial | management | and accounting for the circuit | ||
| during the year. | |||||||
| Independent | examiner: | Moore Green | |||||
| 22 Friars Street | |||||||
| Sudbury CO10 2AA | |||||||
| Investment | Bankers: | Central Finance Board | ofthe Methodist | Church | |||
| Trustees for Methodist | Church Purposes |
| Unrestricted | Designated | Restricted | Endowment | Total | Prior year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | total funds | ||||||
| Incoming resources | |||||||||||
| Assessment | 325,690 | 325,690 | 315,908 | ||||||||
| Capital receipts | |||||||||||
| Interest and investment | income | 1,031 | 1,122 | 138 | 2,291 | 2,726 | |||||
| Grants | |||||||||||
| Lettings | 7,104 | ||||||||||
| Olher income | 300 | 300 | 812 | ||||||||
| Total income | 327,022 | 1$122 | 328/81 | 326,551 | |||||||
| Resources used | |||||||||||
| Stipends, salaries, NIC & District Assessment |
Pension costs | 244,025 62,883 |
11,260 | 255,285 62,883 |
218,209 65,135 |
||||||
| Methodist Church Fund |
|||||||||||
| Telephone &travel |
15,094 | (175) | 14,919 | 21,730 | |||||||
| Insurance, utilities etc |
15,905 | 15,905 | 13,266 | ||||||||
| Maintenance on manses |
4,826 | 4,826 | 27,573 | ||||||||
| Expenditure on other Circuit |
property | ||||||||||
| Other expenditure | 8,028 | 6,581 | 30 | 14,640 | 19,078 | ||||||
| Grants &donations | (30) | 5,586 | 5,556 | 3,183 | |||||||
| Contributions to DistrictAdvance Fund Total expenditure |
345,908 | 6,144 34~ |
6,144 380,158 |
6,803 3T4,977 |
|||||||
| Net income I (expenditure) | resources before | (18,885) | (33,100) | 107 | (51,877) | (48,426) | |||||
| transfer | |||||||||||
| Transfers | |||||||||||
| Gross transfers between |
funds - in | 51,900 | 41,346 | 93,246 | 87,967 | ||||||
| Gross transfers between |
funds - out | (35,846) | (57,364) | (35) | (93,246) | (87,967) | |||||
| Other recognised gains |
l | losses | |||||||||
| Gains Ilosses on investment | assets | ||||||||||
| Gains on revaluation, | fixed | assets, charity's | own | ||||||||
| use | |||||||||||
| Net movement in funds |
(2,831) | (49,118) | 72 | (51,877) | (48,428) | ||||||
| Total funds brought | forward | 131,T47 | 2,075+35 | 15,241 | 2~,823 | 2~1,249 | |||||
| Total funds canied forward | 128,916 | 2,026,717 | 15,313 | 2,170,946 | 2~,823 | ||||||
| Represented by |
|||||||||||
| Unrestricted | |||||||||||
| General fund | 128,916 | 128,916 | 131,747 | ||||||||
| Designated Circuit Model Trust |
122,424 | 122,424 | 172,878 | ||||||||
| Circuit Office Reserve | 4 | 4 | 24 | ||||||||
| Community Fund |
|||||||||||
| Deacon funding Education &Youth |
763 | ||||||||||
| Great Glemham Trust |
|||||||||||
| Landmark Project |
852 | ||||||||||
| Manse Fund | 10,173 | 10,173 | 7,000 | ||||||||
| Professional fees | (200) | (200) | 266 | ||||||||
| Property Removal Fund |
1,890,000 4,052 |
1,890,000 4,052 |
1,890,000 4,052 |
||||||||
| Rural Outreach fund |
|||||||||||
| Restricted | |||||||||||
| A H Cade Bequest J Day Bequest People's Hall Trust Riches Reeve Memorial |
fund | 6,810 2,130 5,360 1,014 |
6,810 2,130 5,360 1,014 |
6,765 2,116 5,360 1,001 |
| This | ear | Last ear |
||
|---|---|---|---|---|
| Tangible assets | ||||
| Circuit Properties | ||||
| Property (Designated)- | 1,890,000 | 1,890,000 | ||
| 1,890,000 | 1,890,000 | |||
| Total forTangible assets | 1,890,000 | 1,890,000 | ||
| Cash at bank and in hand | ||||
| HSBC Current Account | ||||
| General fund (Unrestricted)- |
5502 | 4 122 | ||
| 5,502 | 4,122 | |||
| HSBC Deposit Account | ||||
| General fund (Unrestricted)- | 39,388 | 31,740 | ||
| 39,388 | 31,740 | |||
| CFBDeposit Account | ||||
| Landmark Project (Designated)- General fund (Unrestricted)- |
55,021 | 1,278 144,351 |
||
| Manse Fund (Designated)- Removal Fund (Designated)- |
10,173 4,052 |
7,192 5,936 |
||
| Professional fees (Designated)- Education &Youth (Designated)- |
622 263 |
1,082 763 |
||
| Circuit Office Reserve (Designated)- | 4 | 24 | ||
| 70,136 | 160,626 | |||
| Petty Cash | ||||
| General fund (Unrestricted)- | 100 | 190 | ||
| 100 | 190 | |||
| Total for Cash at bank and in hand | 115,126 | 196,678 | ||
| Debtors | ||||
| Sundry Debtors | ||||
| General fund (Unrestricted)- | 24 | |||
| Loan to churches | ||||
| General fund (Unrestricted)- | 12,720 | 12,720 | ||
| 12,720 | 12,720 | |||
| Accounts Receivable | ||||
| General fund (Unrestricted)- |
16713 | 16077 | ||
| 16,713 | 16,077 | |||
| Total for Debtors | 29,433 | 28,820 |
| Opening | Incoming | Incoming | Incoming | Outgoing | Transfers | Transfers | Gains/losses | Closing | Closing | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Land - Landmark Project |
||||||||||||
| Designated | 852 | 10834 | 9,982 | |||||||||
| Sub@otal for Land | 852 | 10,834 | 9,982 | |||||||||
| Property - Property Designated |
Sub-total for Property | 1,890,000 1,8$0,000 |
1,890,000 1,8$0,000 |
|||||||||
| RW - Riches Reeve Memorial | ||||||||||||
| Restricted | 1,001 | 15 | 1,014 | |||||||||
| Sub-talal for R-R | 1,001 | 15 | 1,014 | |||||||||
| General - General fund | ||||||||||||
| Unrestricted | 131747 | 327,022 | 345,906 | 16 | 053 | 128,916 | ||||||
| Sub-total for General | 131,747 | 327,022 | 345,$06 | 16)053 | 128,916 | |||||||
| Manse - Manse Fund | ||||||||||||
| Designated | Sub%otal for Manse | 7000 7,000 |
4,826 4J)26 |
8,000 8,000 |
10,173 10,173 |
|||||||
| Removal - Removal Fund | ||||||||||||
| Designated | Subtotal for Removal | 4052 4,052 |
4,052 4,052 |
|||||||||
| Prof - Professional fees | ||||||||||||
| Designated | 2,466 | 2,000 | 200 | |||||||||
| Sub-total for Prof | 2,466 | 2,000 | (200) | |||||||||
| Ed - Education 4Youth | ||||||||||||
| Designated | 763 | |||||||||||
| Subtotal for Ed | 763 | |||||||||||
| ONce - Circuit %iceReserve | ||||||||||||
| Designated | Subtotal for ONce | 24 | 3519 3,51$ |
3,500 3,500 |
||||||||
| CMT - Circuit Model Trust | ||||||||||||
| Designated | 172,876 | 1,122 | 12,076 | 39,500 | 122,424 | |||||||
| Sub4alal for CMT | 172')78 | 1,122 | 12,076 | (3$,500) | 122,424 | |||||||
| JDay -JDay Bequest Restricted |
2,116 | 2,130 | ||||||||||
| Sub4otal forJ Day | 2,116 | 18 | 2,130 | |||||||||
| Phyll - People's Hall Trust Restricted |
5,360 | 35 | 5,360 | |||||||||
| Subtotal for P41all | 5,360 | (36) | 5,360 | |||||||||
| A%Wade - A H Cade Bequest Restricted Sub-total for A41~de |
6,765 6,765 |
58 58 |
14 14 |
6,810 6,810 |
||||||||
| Grand total | 2222823 | 328281 | 380168 | 2 | 170946 | |||||||
| Notes: | ||||||||||||
| 1. Gross transfers |
include data entries to move funds between | designated and general | funds | asappropriate | to balance | |||||||
| accounts and | to | make budget transfers. Actual transfers | between funds were asfollows: | |||||||||
| Circuit Model | Trust (CMT) to General Fundfor Landmark | project | S | 5,500 | ||||||||
| Circuit Model | Trust (CMT) to General Fundfor ministerial | support | 534,000 | |||||||||
| Interest transfer | Pom People 's Hall to General Fund | 35 | ||||||||||
| Total | E | 39,535 | ||||||||||
| 2. Total value ofCircuit Properties are deemed values based |
upon 2016professional | survey |
| There were no payments made totrustees for additional services provided toth Meeting this excludes stipends and lay salaries. |
e Circuit by a | greement with |
|---|---|---|
| Trustees expenses | Last year | This year |
| Number oftrustees who were paid expenses: | ||
| Nature ofthe expenses | ||
| Expense payments relate to reimbursement for travel Lout ofpocket expenses |
||
| Total amount paid |
f1,912 | f863.80 |
| 5.Feesfor examination or audit ofthe accounts |
||
| Independent examiner's/auditors' fees for reporting on the account |
f816 | f822 |
| Other fees (e.g.:advice, accountancy services) paid tothe independent examiner or auditor |
f NIL | f NIL |
| 6.Paid employees | L | astyear | This year | ||
|---|---|---|---|---|---|
| Staff Costs paid during the year were: | |||||
| Gross wages, salaries and benefits in kind |
E | 180,360 | f208,424 | ||
| Employer's National Insurance costs |
E | 9,638 | E 11,707 | ||
| Pension costs | E | 28,211 | 35,154 | ||
| Total staff costs | E | 218,209 | E255,285 | ||
| Average number offull time equivalent | staff employed | during the year were: |
| o Contingent liabil |
ities were i | dentified | at 3 | 1stAugust 20 | 20 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 8Tangible Fixed | Assets | The | Circuit holds 5 | manses | |||||
| Cost or valuation | |||||||||
| Land | Manses | Other | Fixtures, | Payments | Total | ||||
| buildings | fittings and |
on account and assets |
|||||||
| equipment | under construction |
||||||||
| R | R | ||||||||
| Balance brought | forward | 0 | 1,890,000 | 1,890,000 | |||||
| Additions | |||||||||
| Revaluations +/- |
|||||||||
| Disposals (-) Transfers * +/- |
|||||||||
| Balance carried forward | 0 | 1,890,000 | 1,890,000 | ||||||
| Accumulated depreciation |
|||||||||
| Balance brou ht |
forward | ||||||||
| Depreciation charge for |
|||||||||
| ear- | |||||||||
| Revaluations +/- |
|||||||||
| Dis osals- | |||||||||
| Transfers* +/- |
|||||||||
| Balance carried forward | |||||||||
| Net book value | |||||||||
| Brou ht forward |
|||||||||
| Carried forward |
| nalysis ofinvestment movements |
||||
|---|---|---|---|---|
| Last year | This year | |||
| Investments listed on a recognised Stock Exchange |
||||
| Investments held in common investment |
funds, | |||
| Securities not listed on a recognised Stock Exchange | ||||
| Other investments (TMCP held funds) |
15,242 | 15,313 | ||
| Total | 15,242 | 15,313 | ||
| Change ln investment values |
||||
| Carrying (market) value at beginning ofyear |
15,135 | 15,242 | ||
| Add: additions to investments at cost |
172 | 137 | ||
| Less:disposals at carrying value | 65 | 66 | ||
| Net gain/(loss) on revaluation |
107 | 71 | ||
| Carrying (market) value at end of year | 15,242 | 15,313 |
| 14.Analysis ofcurrent assets | 14.Analysis ofcurrent assets | Last | This | |
|---|---|---|---|---|
| year | year | |||
| Debtors and prepayments | ||||
| Other Debtors | 12,812 | 12,832 | ||
| Accrued income |
16,077 | 16,713 | ||
| Total debtors and prepayments | 28,889 | 29,545 | ||
| Analysis ofcash at bank | ||||
| HSBC Current account | 4,122 | 5,502 | ||
| HSBC Deposit account | 31,740 | 39,388 | ||
| Central Finance Board | 160,626 | 70,136 | ||
| Petty Cash | 190 | 100 | ||
| Total Cash and Bank | 196,678 | 115,126 | ||
| .Analysis ofcurrent liabilities and long | term creditors | |||
| Trade Creditors | 5,079 | 1,494 | ||
| Other Creditors | 75,783 | (32) | ||
| Total Current Liabilities |
80,862 | 1,462 | ||
| 16~ Capital Commitments | and Contingent | Liabilities | ||
| At the 31stAugust 2020 the Circuit had | no capital commitments. | |||
| No Contingent liabilities |
were identified | at31stAugust 2020 |
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| Church / Responsibil' Alan Road |
Trustees and Catego Christine O'Neil |
|---|---|
| David Mettrick | |
| Margaret Woods | |
| Ruth Loggie | |
| Bramford | Colin Westren |
| Olive Hackman | |
| Vacancy | |
| Bramford Road | Diane Giddons |
| Val Kemp | |
| Sharon Clarkson | |
| Judy Read | |
| John Taylor (sub) | |
| Brantham | lean Chambers |
| Sheila Clark | |
| Philip Abbott | |
| Capel St Mary | Carole Almond |
| Emma Bowyer | |
| Judy Steward | |
| Jill Durrant | |
| Diana Wri ht (sub) | |
| Chantry | Roger Fern |
| Luke Rokobuli | |
| Peter Vaughan | |
| Chelmondiston | Mike Castle |
| Graham Elliston |
|
| Rachael Wainwright | |
| Elmsett | Russell Leek |
| Marilyn Watsham |
|
| Mike Watsham | |
| Liz Cope | |
| Vickie Vallow (sub) | |
| Framlingham | Vacancy |
| Anne Farquhar | |
| Richard Anderson | |
| Peter Webb (sub) | |
| Holbrook | Gerald Laws |
| Pat Kemp | |
| Sylvia McLean | |
| Sanri Harve (sub |
|
| Kelsale | Margaret Scott |
| Richard Jones | |
| Jean Jones |
| Kirton | Mike Bowtell | |
|---|---|---|
| Alison Davies | ||
| Jane Paterson | ||
| Helen Roberston (sub) | ||
| Knodis hall | Judith Geater | |
| Helen Barker | ||
| Jane Swift | ||
| Margaret Gooderham | (sub) | |
| Landseer Road | Elizabeth Storey | |
| Ralph Rachel | ||
| Mona Howes | ||
| Leiston | David Sillett | |
| Marion Sillet | ||
| Vacancy | ||
| Museum Street | Catherine Westren | |
| David Welbourn | ||
| Roger Smith | ||
| Orford | Stephen Caicy |
|
| Lousie Gibbs | ||
| Vacancy | ||
| Peasenhall | Don Wellman | |
| Maureen Gillanders |
||
| Vacancy | ||
| Seaton Road | Heather Farthing, | |
| Tony Jacobs | ||
| Robin Patinson | ||
| Trimley | Lin Stewart Jenny Smith |
|
| Alison Davies | ||
| Trinity | Alison Davies Anna Porter |
|
| Vacancy x3 | ||
| Woodbridge | Anne Stevenson Freddie Guest |
|
| Pam Wilkins | ||
| Vacan x2 |
||
| Ministers | Derek Grimshaw | |
| Andrew Sankey | ||
| Joan Pell | ||
| Diane Smith | ||
| Martin Dawes |
| Supernumeraries | (with pastoral oversight) | lan Gardner |
|---|---|---|
| Stephen Yelland | ||
| Lay Employees | Ashley Benham | |
| Dawn Bone | ||
| Emma Bowyer | ||
| Stephen Caley | ||
| Sue France | ||
| Neil Hepplethwaite | ||
| Nicky Seabrook | ||
| Mike Stock | ||
| Elizabeth Storey | ||
| Rachel Wainwright | ||
| Circuit Stewards | Richard Anderson | |
| Judy Steward | ||
| Neil Hepplethwaite | ||
| Elizabeth Storey | ||
| Liz Cope | ||
| Sue Hockenhull | ||
| Circuit Officers | Emma Bowyer | |
| RogerTheobald | ||
| Maggie Finbow | ||
| Miriam Ellis |
||
| Mike Peck | ||
| Mike Stoclg | ||
| Vacancies x3 | ||
| Reps to District | Synod | Diana Sawyer |
| Chris Finbow | ||
| Richard Anderson | ||
| John Adams | ||
| Sue France | ||
| Elizabeth Storey | ||
| Rachael Wainwright | ||
| Rep from LP Meeting | Raymond Wilson |
|
| Vacancyx2 |