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|||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|
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|Circuit Ministers and officers|Circuit Ministers and officers|||||
|---|---|---|---|---|---|
|Active Circuit Ministers:||Rev Derek Grimshaw
(Superintendent)||||
|||Rev Joan Pell||||
|||Rev Martin Dawes||||
|||Rev Andrew
Sankey (2/3" time)||||
|||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||||
|||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||||
|Investment|Bankers:|Central Finance Board ofthe Methodist|Church|||
|||Trustees for Methodist
Church Purposes||||
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|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|
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|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|
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|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|
|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|
|||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|
|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|
|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|
|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|
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|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|||
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|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||||
||||||||||||||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|||||||||||||||
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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)|||15,313|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|||
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