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|||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|
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|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|||||
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|||||||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|
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|||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|
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||||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|||||
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|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:||||
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|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||||||||||
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|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|