| PAGE | ||
|---|---|---|
| Trustees Report General Review | 3-6 | |
| 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 |
19-20 | |
| Appendix 1Trustees for 2020/21 | 21-23 |
| Circuit Ministers and officers | Circuit Ministers and officers | ||||
|---|---|---|---|---|---|
| Active Circuit Ministers: | Rev Derek Grimshaw (Superintendent) |
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| Rev Joan Pell | |||||
| Rev Martin Dawes | |||||
| Rev Andrew Sankey (2/3" time) |
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| Rev lan Gardner (active supernumerary | 10hours/week) | ||||
| Rev Stephen Yelland (active supernumerary | 8 hours/week)) | ||||
| Circuit Lay Workers: | Mr Stephen Caley, Mr Mike Stock, Mrs Sue France | ||||
| Ms Elizabeth Storey, Mrs Nicky Seabrook, | |||||
| Mrs Rachael Wainwright, Mr Neil Hepplethwaite |
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| Ms Emma Bowyer, Mrs Ashley Benham | |||||
| Circuit Stewards: | Mr Richard Anderson, Dr Elizabeth Cope, |
Mrs Judy Steward, Mr Neil Hepplethwaite, | |||
| Mrs Elizabeth Hepplethwaite. Mrs Margaret |
Gooderham | ||||
| Circuit Secretary 5Administrator: | Ms Emma Bowyer | ||||
| Mike Stock acted as the principal | officer overseeing the day to day financial management | and accounting forthe circuit | |||
| during the year. | |||||
| Independent | examiner: | Moore Green | |||
| 22 Friars Street | |||||
| Sudbury CO10 2AA |
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| Investment | Bankers: | Central Finance Board ofthe Methodist | Church | ||
| Trustees for Methodist Church Purposes |
| tatement ofFi | nan | cial | Activities | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | Total | Prior year | ||||
| funds | funds | funds | funds | funds | total funds | ||||
| Incoming resources Assessment Interest and investment |
income | 273,655 78 |
334 | 40 | 273,655 451 |
325,690 2,291 |
|||
| Letting s Other income |
4,812 319 |
280,000 | 4,812 280,319 |
300 | |||||
| Total income | 278,863 | 280,334 | 40 | 559,237 | 328,281 | ||||
| Resources used | |||||||||
| Stipends, salaries, NIC &Pension District Assessment Telephone &travel Insurance, utilities etc. Maintenance on manses |
costs | 277,656 66,777 13,320 18,076 |
6,137 | 277,656 66,777 13,320 18,076 6,137 |
255,285 62,883 14,919 15,905 4,826 |
||||
| Other expenditure Grants &donations |
6,314 344 |
5,144 | 31 | 11,488 344 |
14,640 5,556 |
||||
| Contributions to District |
Advance | Fund | 3,621 | 3,621 | 6,144 | ||||
| Total expenditure | 382,487 | 14,902 | 31 | 397,420 | 380,158 | ||||
| Net income I(expenditure) | resources before | (103,624) | 265,432 | 161,81? | (51,87?) | ||||
| transfer | |||||||||
| Transfers Gross transfers between |
funds - | in | 44,816 | 31,309 | 76,125 | 93,246 | |||
| Gross transfers between |
funds - | out | (31,309) | (44,809) | (7) | (76,125) | (93,246) | ||
| Other recognised gains I Net movement in funds |
losses | (90,117) | 251,932 | 161,817 | (51,8?7) | ||||
| Total funds brought forward | 128,916 | 2,026,717 | 15,313 | 2,170,946 | 2,222,823 | ||||
| Total funds carried forward | 38,799 | 2,278,649 | 15,316 | 2,332,763 | 2,1?0,946 | ||||
| Represented by |
|||||||||
| Unrestricted General fund |
38,799 | 38,799 | 128,916 | ||||||
| Designated Circuit Model Trust |
84,892 | 84,892 | 122,424 | ||||||
| Circuit Office Reserve Education &Youth Manse Fund |
83 263 17,917 |
83 263 17,917 |
4 263 10,173 |
||||||
| Professional fees | 1,442 | 1,442 | (200) | ||||||
| Property Removal Fund |
2,170,000 4,052 |
2,170,000 4,052 |
1,890,000 4,052 |
||||||
| Restricted A H Cade Bequest J Day Bequest People's Hall Trust Riches Reeve Memorial |
fund | 6,819 2,133 5,360 1,003 |
6,819 2,133 5,360 1,003 |
6,810 2,130 5,360 1,014 |
| tatement ofassets and liabilities | ||||
|---|---|---|---|---|
| This | ear | Last ear |
||
| Tangible assets | ||||
| Circuit Properties Property (Designated)— |
2,170,000 2,170,000 |
1,890,000 1,890,000 |
||
| Total for Tangible assets | 2,170,000 | 1,890,000 | ||
| Cash at bank and in hand | ||||
| HSBC Current Account General fund (Unrestricted)— |
5,352 5,352 |
5,502 5,502 |
||
| HSBC Deposit Account General fund (Unrestricted)- |
55,139 55,139 |
39,388 39,388 |
||
| CFBDeposit Account General fund (Unrestricted)— Manse Fund (Designated)- Removal Fund (Designated)- Professional fees (Designated)- Education 8 Youth (Designated)- Circuit Office Reserve (Designated)— |
42,160 18,172 4,052 2,300 263 95 67,042 |
55,021 10,173 4,052 622 263 4 70,136 |
||
| Petty Cash General fund (Unrestricted)- |
47 47 |
100 100 |
||
| Total for Cash at.bank and in hand | 127,580 | 115,126 | ||
| Debtors | ||||
| Loan to churches General fund (Unrestricted)— |
15,595 15,595 |
12,720 12,720 |
||
| Accounts Receivable General fund (Unrestricted)- |
14,007 14,007 |
16,713 16,713 |
||
| Total for Debtors | 29,602 | 29,433 |
| Investments | |||||
|---|---|---|---|---|---|
| Circuit Model Trust (TMCP 9461) Circuit Model Trust (Designated)- |
84,892 84,892 |
122,424 122,424 |
|||
| A H CADE Trust (TMCP 21052) A H Cade Bequest (Restricted)— |
6,819 6,819 |
6,810 6,810 |
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| Riches Reeve Memorial Trust | |||||
| Riches Reeve Memorial fund (Restricted)— |
1,003 | 1,014 | |||
| 1,003 | 1,014 | ||||
| J Day Bequest (TMCP 18070) J Day Bequest (Restricted)- |
2,133 2133 |
2,130 2,130 |
|||
| People's Hall Trust (TMCP 15181) People's Hall Trust (Restricted)- |
5,360 5,360 |
5,360 5,360 |
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| Total | for Investments | 100,208 | 137,738 | ||
| Stocks and work in progress | |||||
| Circuit stocks General fund (Unrestricted)- |
22 22 |
113 113 |
|||
| Total for Stocks | and work in progress | 22 | 113 | ||
| Creditors: Amounts falling due in one |
year | ||||
| Accruals | |||||
| General fund (Unrestricted)— | 32 | ||||
| 32 | |||||
| Sundry Creditors General fund (Unrestricted)- |
82,117 | ||||
| (82,117) | |||||
| Accounts Payable General fund (Unrestricted)- |
(921) | (672) | |||
| Manse Fund (Designated)— Professional fees (Designated)- |
(255) (858) |
(822) | |||
| Circuit Office Reserve (Designated)- | (12) | ||||
| Total for Creditors: Amounts | falling due in one year | (84,163) | (1,462) | ||
| Grand total | 2,332,763 | 2,170,946 |
| und movement by type |
|||||
|---|---|---|---|---|---|
| Opening | Incoming | Outgoing | Transfers Gains/losses |
Closing | |
| Property - Property Designated Sub-total for Property |
1,890,000 1,890,000 |
280,000 280,000 |
2,170,000 2,170,000 |
||
| R-R - Riches Reeve Memorial Restricted Sub-total for R-R |
1,014 1,014 |
(8) | 1,003 1,003 |
||
| General - General fund Unrestricted Sub-total for General |
128,916 128,916 |
278,863 278,863 |
382,487 382,487 |
13,507 13,507 |
38,799 38,799 |
| Manse - Manse Fund Designated Sub-total for Manse |
10,173 10,173 |
7,257 7,257 |
15,000 15,000 |
17,917 17,917 |
|
| Removal - Removal Fund Designated Sub-total for Removal |
4,052 4,052 |
4,052 4,052 |
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| Prof - Professional fees Designated Sub-total for Prof |
200 (200) |
858 858 |
2,500 2,500 |
1,442 1,442 |
|
| Ed - Education &Youth Designated Sub-total for Ed |
263 263 |
263 263 |
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| Office - Circuit Office Reserve Designated Sub-total for Office |
2,921 2,921 |
3,000 3,000 |
83 83 |
||
| Community -Community Fund |
|||||
| Designated | |||||
| Sub-total for Community | |||||
| CMT - Circuit Model Trust Designated Sub-total for CMT |
122,424 122,424 |
334 334 |
3,866 3,866 |
34,000 (34,000) |
84,892 84,892 |
| Glemham -Great Glemham Trust |
|||||
| Designated | |||||
| Sub-total for Glemham | |||||
| J Day -J Day Bequest Restricted Sub-total for JDay |
2,130 2,130 |
2,133 2133 |
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| P-Hall - People's Hall Trust Restricted Sub-total for P-Hall |
5,360 5,360 |
18 18 |
(7) | 5,360 5,360 |
|
| A-H-Cade - A H Cade Bequest Restricted Sub-total for A-H-Cade |
6,810 6,810 |
23 23 |
14 | 6,819 6,819 |
|
| Grand total | 2,170,946 | 559,237 | 397,420 | 2,332,763 |
| There w Meeting |
ere no payments made to trustees for additional servic this excludes stipends and lay salaries. |
es provided to the Circuit by | agreement |
|---|---|---|---|
| Trustees | expenses | Last year | This year |
| Number | oftrustees who were paid expenses: | ||
| Nature | ofthe expenses |
| Expense payments relat |
e to rei | mbu | rse | me | nt for trav |
el | out ofpocket | expense | s | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total amount paid |
E863.20 | E479.20 | ||||||||||||
| 5.Fees for examination | or audit: ofthe accounts | |||||||||||||
| Independent examiner's/auditors' |
fees for reporting | on the account | f822 | E858 | ||||||||||
| Other fees (e.g.:advice, examiner or auditor |
accountancy | services) paid | to the independent | f | NIL | f NIL | ||||||||
| 6.Paid employees | Last year | This year | ||||||||||||
| Staff Costs paid during the year | were: | |||||||||||||
| Gross wages, salaries and benefits | in | kind | E | 208,424 | E227,862 | |||||||||
| Employer's National Insurance |
costs | E | 11,707 | E 13,668 | ||||||||||
| Pension costs | E | 35,154 | E 36,126 | |||||||||||
| Total staff costs | E | 255,285 | E277,656 | |||||||||||
| Average number offull | time equivalent | staff employed | during the year were: | |||||||||||
| 7.Capital Commitments | and Contingent | Liabilities | ||||||||||||
| At the 31stAugust 2021there | are | no | capital commitments. | |||||||||||
| No Contingent liabilities |
were identified | at 31stAugust | 2021 | |||||||||||
| 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 |
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| E | ||||||||||||||
| Balance brought forward |
1,890,000 | 1,890,000 | ||||||||||||
| Additions | 280,000 | 280,000 | ||||||||||||
| Revaluations +/- |
||||||||||||||
| Disposals (-) Transfers * +/- |
||||||||||||||
| Balance carried forward | 2,170,000 | 2,170,000 | ||||||||||||
| 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) |
15,313 | 15,316 | ||
| Total | 15,313 | 15,316 | ||
| Change in investment values |
||||
| Carrying (market) value at beginning ofyear |
15,242 | 15,313 | ||
| Add: additions to investments at cost |
137 | 40 | ||
| Less: disposals at carrying value | 66 | 37 | ||
| Net gain/(loss) on revaluation |
71 | |||
| Carrying (market) value at end ofyear |
15,313 | 15,316 |
| 14.Analysis ofcurrent assets | 14.Analysis ofcurrent assets | Last | This | |
|---|---|---|---|---|
| year | year | |||
| Debtors and prepayments | ||||
| Other Debtors | 12,832 | 15,617 | ||
| Accrued income |
16,713 | 14,007 | ||
| Total debtors and prepayments | 29,545 | 29,624 | ||
| Analysis ofcash at bank | ||||
| HSBC Current account | 5,502 | 5,352 | ||
| HSBC Deposit account | 39,388 | 44,653 | ||
| Central Finance Board | 70,136 | 67,042 | ||
| Petty Cash | 100 | 47 | ||
| Total Cash and Bank | 115,126 | 117,094 | ||
| 15.Analysis ofcurrent liabilities and long | term creditors | |||
| Trade Creditors | 1,494 | 2,046 | ||
| Other Creditors | (32) | 82,117 | ||
| Total Current Liabilities |
1,462 | 84,163 | ||
| 16.Capital Commitments | and Contingent | Liabilities | ||
| At the 31stAugust 2021the Circuit had | no capital commitments. | |||
| No Contingent liabilities |
were identified | at 31stAugust 2021 |