OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Circuit Accruals Accounts

THE METHODIST CHURCH REPORT AND ACCOUNTS

for the year ended 31 August 2022 Birmingham, Sutton Park Circuit 05/04

Registered Charity Number 1134369

Page 1 of 16

Birmingham, Sutton Park Circuit 05/04 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED AUGUST 2022

Introduction

The Sutton Park Circuit is part of the wider Methodist Church in Britain. It consists of 13 church buildings (one of which is a Local Ecumenical Partnership) in a 20 mile (approx) circumference from inner-city Birmingham to the north Warwickshire countryside. The aim of the Circuit is to encourage each Minister and Congregation to work together for the glory of God, living out our four callings of Methodism: Worship, Learning and Caring, Service, and Evangelism. Our vision statement is 'Living and Growing God's Kingdom'. The Ministerial staff are supported by the Circuit Stewards, and together they form the Circuit Leadership Team (CLT).

Review of the year - 1st September 2021 to 31st August 2022

The Circuit continues to focus on it's mission goals:

A. Understand the needs of and value the uniqueness of each community within the Circuit.

B. Ensure that each person is empowered, encouraged and equipped to enrich their faith.

C. Continue to encourage the linking of congregations within the Circuit.

D. Speak out for justice in tangible and measurable ways.

E. Bring young people to a knowledge and love of Christ.

The restrictions caused by the Covid 19 pandemic resulted in the churches being unavailable for both worship and serving of their communities. Thankfully, the relaxing of the restrictions resulted in church life restarting and as individual confidence returned, the online worship that served so well during the pandemic continues to be used to cover churches where a preacher is not available, enabling the Circuit to as inclusive as possible.

The ministerial team have coped with the challenges of lockdown restrictions, despite the difficulties, and as we emerged this year all meetings needed for ciruit life have taken place initially via Zoom but for much of the year in person, enabling us to deal with the normal business of the Circuit, and continue to evolve our mission goals.

The forward looking mission document was produced by the CLT the previous year continues to be implimented. Its aim is to guide us as both a Circuit and as individual churches towards focussing on effective mission and working in new ways that make the most of our strengths and resource. Included in this was the decision to reduce the number of Presbyters by one in 2022. During the stationing process after interviewing 3 candidates the Circuit was unsuccessful in appointing a Superintendent for 2022/23 as two Presbyters left the Circuit including the Superitendent who retired. The Circuit have appointed a Superintendent from Birmingham Circuit who will be our Superintendent for 50% of his time and a Presbyter in Birmingham Ciruit for the balance of his time. The remaining requirement for a presbyter is being covered by a retired presbyter at 49% employment, the maximum permitted by the Connexion.

The development of a Hub church and Mission Centres has continued, with the re-organisation needed to adhere to Methodist guidelines, while freeing up people to serve their communities in each of the three churches involved.

Income trends

Circuit income is primarily from the assessment paid by the circuit churches. This is supplimented by grants from the Zimbabwee Fellowship and Connection, which cover half of the costs of a minister, who joined the Circuit in September 2020.

Expenditure trends

Of the total General expenditure 58% relates to net staff Stipends costs, which increase annually in line with increases approved by Conference. In addition a further 17% covers associated costs such as travel, telephone, manse utilities, insurance and repairs costs. 16% is the Circuit contribution to the District and Connexion, which is mostly used to fund the work of the wider Methodist hurch. The remaining expenditure covers a variety of costs from regular adminsitration costs to one-off items.

Fund balances

As at 31 August 2022 the net current assets of the Circuit were £363,281 - approximately 10.6 months cover at the expenditure rate for 2021-22. This corresponds to 13 months cover at 31 August 2021 based on that's years expenditure, an expected reduction of approximately 2.4 months. The CLT will consider how best to use any surplus funds for mission projects, as well as ensuring that there are sufficient resources for general running costs, which are due to decrease significantly next year following the reduction of one presbyter and the renting of two manses. Total funds include designated funds of £60,689, set aside to cover future stipends/employment costs.

Plans for 2022/23

Circuit budgets for next year have been prepared on the basis that there will be 5.5 full time ordained staff. An assessment increase has been requested from the individual Circuit churches, to contribute towards the anticipated increases in stipend costs, District assessment and manse utility costs.

Page 2 of 16

Birmingham, Sutton Park Circuit 05/04

Trustee’s Annual Report on Finance and Governance

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31 August 2022 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2019 as applicable to the Financial Reporting Standard (FRS) 102.

Full Name of Charity: The Methodist Church - Birmingham (Sutton Park) Circuit Trading under the name Sutton Park Methodist Circuit.

Registration Charity Number: 1134369, date of registration 17 February 2010.

Main communication address - 27, Blackwood Road, Tamworth, Staffordshire, B77 1JW

The members of the Sutton Park Methodist Circuit meeting are the Charity Trustees, membership comprising of circuit office holders, ministers and representatives appointed by the local churches and the circuit meeting. Full membership is shown as Appendix A to this report.

Circuit Ministers and Officers

Active Circuit Ministers Rev Malcom Oliver (Superintendent) Rev Alan Smithson Rev Stephen Froggatt Rev Jimmy Dube Rev Emily Young Deacon Marilyn Slowe Deacon Rachel Thomas-Prasad

Circuit Layworkers

None

Circuit Stewards

Mrs Marion Watts Mr John Rutherford Mr Peter Cashmore Ms Celiwe Majola

Treasurer

Mr Martin Waller acted as the principal officer overseeing the day to day financial management accounting during the financial year.

Independent Examiner

James Cruse ACA, FCCA, BSc (Econ) Hons - JW Hinks Chartered Accountants, 19 Highfield Road, Edgbaston, Birmingham B15 3BH.

Bankers

Central Finance Board of the Methodist Church - 9 Bonhill Street, London, EC2A 4PE CAF Bank Ltd - 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ

Investment Bankers

The Trustees for Methodist Church Purposes - Central Buildings, Oldham Street, Manchester, M1 1JQ.

Trust Registrar

Mr Steve Buck

Page 3 of 16

Birmingham, Sutton Park Circuit 05/04

Aims and organisation

The charity objective is to act as a Resource provider within the area around Birmingham City, South Staffordshire, and North Warwickshire for the Methodist Church. The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union, the advancement of:

Public Benefit

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Structure, Governance and Management

The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976). Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Day to day management of the circuit is undertaken by the Circuit Leadership Team, along with the Circuit Meeting and the Local Preachers meeting,

Trustee Training

A range of guidance is produced by Methodist Connexion to support the effective running of the circuit. All trustees are required to fulfil coherent Safeguarding requirements and conform to GDPR guidelines.

Related Parties

The Circuit is part of the Birmingham District and is accountable to the Methodist Conference. The following Methodist Churches are linked to the Circuit - Blackwood, Boldmere, Erdington, Falcon Lodge, Four Oaks, Kinsgbury, Kingstanding, Nechells, Sutton Coldfield, St Chads (LEP), Stockland Green, Streetly and Witton.

Risk Management

Income and expenditure is monitored and compared with the annual budget on an ongoing basis. Most items are as expected, and in line with both the budget and historical figures. The budget is used to determine the main source of income, being the assessments received from the churches, and enables the Charity to anticipate the potential impact of future calls on reserves.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. The Sutton Park Circuit commits itself to the implementation of Connexional Safeguarding Policy, government legislation, guidance and safe practice in the circuit and in the churches. The Sutton Park Circuit commits itself to the provision of support, advice and training for lay and ordained people to ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

Reserves Policy

The Circuit's Reserves Policy is to hold sufficient funds to cover anticipated general running costs, to meet any unforseen item of major expense on manses and be able to continue funding planned activities in the short term. The General and Unrestricted Funds have decreased during the year. Funds will continue to be called upon in the foreseeable future, as annual income from church assessments is expected to be insufficient to meet all the costs including those of current ministerial staff. Consequently the Reserves Policy will be monitored and amended on an annual basis, with a view to using any surplus funds for mission projects as well as ensuring that there are sufficient funds to cover the current needs.

Page 4 of 16

Birmingham, Sutton Park Circuit 05/04

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Notes
General
Circuit
Designated
Restricted
Totals
Totals
to the
Model
Funds -
Funds
this year
last year
accounts
Trust
2022
2021
£
£
£
£
£
£
Income
Unrestricted Funds		 Notes
General
Circuit
Designated
Restricted
Totals
Totals
to the
Model
Funds -
Funds
this year
last year
accounts
Trust
2022
2021
£
£
£
£
£
£
Income
Unrestricted Funds		 Notes
General
Circuit
Designated
Restricted
Totals
Totals
to the
Model
Funds -
Funds
this year
last year
accounts
Trust
2022
2021
£
£
£
£
£
£
Income
Unrestricted Funds		 Notes
General
Circuit
Designated
Restricted
Totals
Totals
to the
Model
Funds -
Funds
this year
last year
accounts
Trust
2022
2021
£
£
£
£
£
£
Income
Unrestricted Funds
Donations and legacies
4
Assessments on churches
5
From Monetary investments
6
From Investment properties
6
Capital Receipts
7
Grants received
8
Other
8
Total income		 23,534
23,534
309,180
309,180
1,202
435
253
1
1,891
-
-
14,500
14,500
1,500
1,500		 10,141
312,937
1,099
-
-
14,500
4,000
349,916
435
253
1
350,605		 342,677
Expenditure on:
Ministerial Stipends, NIC & Pension
11
237,010
237,010
248,671
Layworker Salaries, NIC & Pension
11
-
-
District Assessment
65,616
65,616
63,552
Methodist Church Fund
-
-
Circuit Events
12
422
422
1,918
Telephone, travel & administration
25,933
25,933
20,506
Manse Insurance, Council Tax & Water
26,435
26,435
24,794
Maintenance on manse property
14,744
14,744
17,464
Expenditure on investment property
0
-
-
Depreciation
0
-
-
Youth work
13
9,339
9,339
7,254
Other Expenditure
14
26,747
200
26,947
8,494
Grants and Donations
15
2,000
3,552
5,552
-
District Advance Fund levy
1,754
1,754
5,582
Total expenditure
408,246
1,954
0
3,552
413,752
398,235
Net income before investment gains/(losses)
( 58,330)
( 1,519)
253
( 3,551)
( 63,147)
(55,558)
Net Gains/(Losses) on Monetary Investments
17
( 458)
( 458)
1,130
Net Gains/(Losses) on property revaluation
-
-
Net Gains/(Losses) on property disposals
16
-
-
Net incoming/(outgoing) before transfers
( 58,330)
( 1,977)
253
( 3,551)
( 63,605)
(54,428)
Transfers between funds
23
42,000
( 42,000)
-
-
Reclassification of funds - sale proceeds
24
-
-
Reclassification of funds - loan repaid
24
-
-
Net movement in funds
( 16,330)
( 43,977)
253
( 3,551)
( 63,605)
(54,428)
Total funds brought forward
2,107,496
70,170
60,436
3,551
2,241,653
2,296,081
Total funds carried forward
2,091,166
26,193
60,689
0
2,178,048
2,241,653
0
0
0
330
0
(330)
0
0
Balance carried forward
For information only: money received and passed on to External Organisations
Balance brought forward from last year
Donations received for External Organisations
Donations passed to External Organisations
237,010
237,010		 248,671
- -
65,616
65,616		 63,552
- -
422
422		 1,918
25,933
25,933		 20,506
26,435
26,435		 24,794
14,744
14,744		 17,464
0
-		 -
0
-		 -
9,339
9,339		 7,254
26,747
200
26,947		 8,494
2,000
3,552
5,552		 -
1,754
1,754		 5,582
408,246
1,954
0
3,552
413,752		 398,235
( 58,330)
( 1,519)
253
( 3,551)
( 63,147)		 (55,558)
( 458)
( 458)
-
-		 1,130
-
-
( 58,330)
( 1,977)
253
( 3,551)
( 63,605)		 (54,428)
42,000
( 42,000)
-
-
-		 -
-
-
( 16,330)
( 43,977)
253
( 3,551)
( 63,605)		 (54,428)
2,107,496
70,170
60,436
3,551		 2,241,653 2,296,081
2,091,166
26,193
60,689
0		 2,178,048 2,241,653
0
0
0		 0
330
(330)
0 0

Page 5 of 16

Birmingham, Sutton Park Circuit 05/04

Balance Sheet as at 31 August 2022

General
funds
Unrestricted
£
Notes
Tangible Fixed Assets
Land & Buildings
16
1,807,941
Equipment
16
Investment properties
16
Investments
17
Total fixed assets
1,807,941
Current Assets
Debtors and Prepayments
18
23,587
Cash at Bank and in hand
19
27,720
Trustees for Methodist Church
Purposes deposits
19
Central Finance Board Deposits
19
313,856
Total current assets
365,163
Creditors and Accruals (due in under 1yr)
Trade creditors and accruals
20
81,938
Total due in under 1yr
81,938
Net current assets (liabilities)
283,225
Total assets less current
liabilities
2,091,166
Loans and Creditors due after 1 year
Provisions
for
liabilities
and
charges
21
Net assets
2,091,166
Funds of the Circuit
General funds
2,091,166
Circuit Model Trust Fund
23
Designated Funds
23
Restricted funds
23
Total Funds
23
2,091,166		 General
funds
Unrestricted
£
Notes		 General
funds
Unrestricted
£		 Circuit Model
Trust Fund
Unrestricted
£		 Designated
funds
Unrestricted
£		 Restricted
funds
£		 Totals
this year
2022
£
Totals
last year
2021
£
16 1,807,941 1,807,941 1,807,941
16 - -
16 - -
17 6,826 6,826 7,284
1,807,941 6,826 1,814,767 1,815,225
18 23,587 23,587 24,396
19 27,720 27,720 43,748
19 19,367 19,367 62,886
19 313,856 60,689 374,545 341,467
365,163 19,367 60,689 445,219 472,497
20 81,938 81,938 46,069
81,938 81,938 46,069
283,225 19,367 60,689 363,281 426,428
2,091,166 26,193 60,689 2,178,048 2,241,653
21 - -
2,091,166 26,193 60,689 2,178,048 2,241,653
2,091,166 60,689 2,091,166 2,107,496
23 26,193 26,193 70,170
23 60,689 60,689 60,436
23 - 3,551
23 2,091,166 26,193 60,689 2,178,048 2,241,653

Summary of the Internal Organisations reporting to the Circuit Meeting. The funds of an Internal Organisation would would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose.

Internal Organisations
Refugee project
Total		 Opening
Closing
balance
Receipts
Payments
Adjustments
balance

3,551
1
(3,552)
-
-
3,551
1
(3,552)
-
-

Money was transferred to General fund and then disembursed to some Refugee children the balance is accrued to 2022-23 for further work with Ukrainian Rufugees.

Page 6 of 16

Birmingham, Sutton Park Circuit 05/04

Notes to the Accounts

1 Basis of accounting

The financial statements have been prepared in accordance with the Charities Act 2011 and the Charities: Statement Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with Financial Reporting Standard (FRS) 102.

2 Funds

The funds held constitute: General Funds held for any purpose of the Circuit, which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as Unrestricted. Restricted Funds, which are held for a narrower purpose. Details of each material fund are disclosed in Note 23 of these accounts. Any funds may be represented by more than just cash.

3 Accounting policies

Basis

These accounts have been prepared on the basis of historical cost (except that investments are shown at their market value at the end of the year), on the accruals basis to show a true and fair view of the Circuit's financial position and activities.

Incoming Resources

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the Trustees are reasonable certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Resources Expended

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

Grants

Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

Tangible fixed assets for use by the Circuit

These are capitalised if they can be used for more than one year, and individually cost at least £1,000.

The freehold property is shown in the accounts at 2015 deemed values (with the exception of the manse aquired in 2019 which is shown at the purchase price), of which the land component is deemed to be 50%. This estimate is based on guidance issued by the Methodist Church. No depreciation is provided on the buildings because the Trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.

Investment Properties

The Circuit did not hold any Investment properties during the year.

Investments

Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments

Debtors include the payment of the September stipend in August, and other prepayments.

Creditors

Creditors include assessments received in August from circuit churches relating to next year, accrued expenses and trade creditors.

Page 7 of 16

Birmingham, Sutton Park Circuit 05/04

This year Last year
2022 2021
£ £ £ £ £
Unrestricted Circuit Model
Designated Trust Fund Restricted Total Total
4. Donations and legacies received
Donations:
Methodist Church Zimbabwe Fellowship UK 6,000 6,000 6,000
Methodist Diaconal Order - 2,891
Sundry donations - 1,250
Connexion use of manse for year 17,534 17,534 -
Total 23,534 - - 23,534 10,141
5. Charitable activities - other
Assessments on churches 309,180 309,180 312,937
6. Investment income
Interest and dividends 1,455 435 1 1,891
1,099
Rental income -
-
Total 1,455 435 1 1,891 1,099
7. Capital Receipts
Sale of investment property -
-
Connexional Priority Fund Levy -
-
Selling Agents fees -
-
Legal fees -
-
Total - - - - -
8. Other trading activities
Grants received
Connexional Grant for MOCC Minister 14,500 14,500 14,500
Other
LEP church contribution 1,500 1,500 4,000
Total (Grants plus Other) 16,000 - - 16,000 18,500
9. Payment to Trustees
(A) Payments made to trustees for additional services provided to the Circuit by agreement
with the Circuit Meeting nil nil
(B) Number of trustees who were paid expenses 13 9
The expenses primarily relate to reimbursement for travel, postage and printing costs
Total amount paid 5,507 4,681
10. Fees for examination or audit of the accounts
Independent examiner’s fees 1,860 1,680
Other accountancy fees nil nil

Page 8 of 16

Birmingham, Sutton Park Circuit 05/04

This year
2022
£
11. Ministerial staff costs
Gross stipends and benefits in kind
174,359
Employer's Pension costs
45,859
Employer’s National Insurance costs
15,873
Apprentice levy
919
Total costs
237,010
Average number of full-time ministerial staff employed
6.0		 This year
2022
£		 Last year
2021
£
174,359
45,859
15,873
919		 182,404
48,061
17,291
915
248,671
6.5

Pensions

Most ordained presbyters and deacons are members of the Methodist Ministers' Pension Scheme (MMPS). This is a defined benefit pension scheme. The Supreme Court held in 2014 that the Methodist ministers (which term includes presbyters and deacons) are not employees of the church. For simplicity, however, when dealing with National Insurance Contributions and pension contributions, the terms 'employer' and 'employee' are used as they would be in an employing body.

The Connexion accounts for the MMPS and shows the figures in the annual Methodist Church in Great Britain accounts. The MMPS is in deficit but a plan for removal of the deficit has been proposed and is being implemented. Details of the deficit on this scheme can be found in the Annual Report and Accounts of the Methodist Church at www.methodist.org.uk £3,320 was prepaid in respect of the Ministers Pension scheme as at 31 August 2022 (£3,821 at 31 August 2021).

Layworker employees costs
Gross wages, salaries
-
-
Employer's Pension costs
-
-
Pension scheme debt on withdrawal and deficit arrears
-
-
Employer’s National Insurance costs
-
-
Apprentice levy and payroll bureau cost
-
-
Total costs
-
-
Average number of lay workers employed
None employed in year
none
none
12 Circuit events
Circuit Service Offering 31st July 2022
( 162)
-
Meal following Circuit Service 31st July 2022
584
598
Other events and costs
-
1,320
Total costs
422
1,918
13 Youth work
Sub-contracted youth worship leaders
7,462
6,873
Youth events cost
1,877
381
Total costs
9,339
7,254
14 Other Expenditure
Quinquennial inspections for churches and manses
3,012
2,160
Birmingham Churches Together donation
842
1,404
Lea Abbey board for Presbyter
5,400
-
Kingstanding Kitchen
10,000
-
Training
4,175
3,515
Removal costs and allowances for incoming staff
3,318
1,080
Other
-
12
Trustees for Methodist Church Purposes Admin charge
200
323
Total costs
26,947
8,494
15 Grants and donations paid
Payments made from Restricted funds
3,552
-
Paid to individual churches from Trustees for Methodist Church Purposes funds
-
-
Paid to individual churches from General funds
2,000
-
Total costs
5,552
-
Page 9 of 16
-
-
-
-
-
-
none
( 162) -
584 598
- 1,320
1,918
6,873
381
7,254
2,160
1,404
-
-
3,515
1,080
- 12
323
8,494

Birmingham, Sutton Park Circuit 05/04

16 Tangible Fixed Assets

16 Tangible Fixed Assets
The Circuit owns seven manses in active use: Deemed values
established 1/9/2015
£
19 Hollyhurst Road B73 6SY 301,381
98 Orphanage Road B24 9HX 244,282
85 Reservoir Road B23 6DH 287,469
12 Upper Clifton Road B73 6BP 33,269 *
98 Walmley Road B76 2QD 234,860
54 Hawthorn Brook Way (aquired in July 2019) 347,000
140B Chester Road B74 2HS 359,680
1,807,941

*12 Upper Clifton Road is part owned with the Methodist Church World Mission Fund (9.4% Circuit and 90.6% WMF) - only the 9.4% portion is included in these accounts). A previous review determined that none of our sites has land that could be sold off for development.

During the year, the Circuit did not own any properties classified as investment properties.

Property Disposals
Details
None		 Carrying
Sale
Revaluation
Gain/(Loss)
- - - -
Fixtures,
Assets
Investment
fittings and
under
Other Land
Manses
Buildings
equipment
construction
Total
£
£
£
£
£
£
Cost or valuation
Balance brought forward
Additions
Revaluations
Disposals
Transfers between categories
Balance carried forward
Accumulated depreciation
1,807,941
1,807,941
-
1,807,941
-
-
-
1,807,941
Basis (SL or RB)
Rate
Balance brought forward
Charge for year
Revaluations
Less: Disposals
Transfers between categories
Balance carried forward
Net book value**
Brought forward
Carried forward		 N/A
N/A
N/A
S/L
3 Years
-
1,807,941
-
-
-
1,807,941
-
1,807,941
-
-
-
1,807,941

** Indicates the method of depreciation (SL = straight line, RB = reducing balance), and the rate of depreciaton. Straight Line is based on the anticipated life of the asset, and Reducing Balance is based on a percentage deduction made each year.

Page 10 of 16

Birmingham, Sutton Park Circuit 05/04

17 Investments

The funds that support the Circuit Model Trust Fund are held by TMCP in Trustees Interest Funds on which interest is credited monthly. These are regarded as medium and long-term investments.

TMCP is the legal owner and Custodian Trustee of all Methodist Trust Property, including legacies, Endowments, and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, by providing guidance and acting under their direction, the Managing trustees comply with charity law and Methodist law and policy as determined by Methodist Conference.

Analysis of investment movements
Investments listed on a recognised Stock Exchange
Investments held in common investment funds,
Securities not listed on a recognised Stock Exchange
Other investments
Total
Change in investment values
Carrying (market) value at beginning of year
Additions to investments at cost
Less disposals at carrying value
Net gain/(loss) on revaluation
Carrying (market) value at end of year		 This year
Last year
2022
2021
6,826
7,284
6,826
7,284
7,284
6,154
(458)
1,130
6,826
7,284

Page 11 of 16

Birmingham, Sutton Park Circuit 05/04

18. Debtors and prepayments
Pre paid stipends
Other debtors and prepayments
Total debtors and prepayments
19. Analysis of cash at bank
Bank balance held in CAF Bank
Bank balance held in Central Finance Board, London (General,Employment ,Restricted)
Bank balance held in TMCP, Manchester
Total Cash and Bank		 This year
2022
£		 Last year
2021
£
19,589
4,807
24,396
18,234
5,353
23,587
27,720
374,545
19,367
421,632		 43,748
341,467
62,886
448,101
20. Analysis of current liabilities and long term creditors
Trade Creditors
Assessments received from churches in respect of next year
Other Creditors
Total Current Liabilities		 1,860
43,917
36,161
81,938		 1,700
43,294
1,075
46,069
21. Movement on Loans
Amount New Loan Repaid in Balance at
Source Purpose of loan b/fwd borrowings interest the year year end
£ £ £ £ £
Methodist Chapel Aid Bridging Loan on manse - - - - -
Repayment due Totals
Within 12 months 31/08/2023 nil
Between 1 and 5 years 31/08/2024 31/08/2025 31/08/2026 31/08/2027 nil

22. Capital Commitments and Contingent Liabilities

At 31st August 2022 the Circuit has no capital commitments and no contingent liabilities were identified.

Page 12 of 16

Birmingham, Sutton Park Circuit 05/04

23. Detailed analysis of individual fund movements

Unrestricted Funds

Unrestricted Funds
Fund Name Opening
Expend-
Reclass-
Closing
Balance
Income
iture
Transfers
ification
Balance		 Purpose of the fund
General Fund (excl. Assets)
Employment Reserve
Circuit Model Trust (Int fund)
Circuit Model Trust (Invest't)
Totals		 299,555
349,916
(408,245)
42,000
283,226
60,436
253
60,689
62,885
435
(1,953)
(42,000)
19,367
7,284
(458)
6,826		 General Circuit running expenses
To help Circuit employment costs
430,160
350,604
(410,656)
370,108
Restricted Funds
Fund Name
Refugee project
3,551
1
( 3,552)
-

-
Totals
3,551
1
(3,552)
-
Total of Unrestricted and Restricted funds excluding property
370,108
Property - manses
1,807,941
Total Funds
2,178,049		 3,551
1
( 3,552)
-

-		 Purpose of the fund
Supporting refugees
370,108
1,807,941
2,178,049

Transfers between funds

The reasons for the transfers were as follows:

Withdrawals were made from the TMCP Funds to replenish amounts paid out of General Funds in respect of Circuit mission work.

24. Reclassification of funds

Circuit property is always carried in the General Fund but upon sale the net proceeds are processed through the Circuit Model Trust Fund. This requires an adjustment and any such sales during the year are reflected below at the net sale price.

There were no Bridging loans or property sales during the year

Details
General
CMTF
Sale of manse		 Designated Restricted
Total
-
Endowment Funds
Endowment Name
None
Totals
How the capital is
invested		 The current value
Annual
What the income
of the capital
income
was used for

nil
nil

Page 13 of 16

Birmingham, Sutton Park Circuit 05/04

Related party transactions

FRS102 requires that charities that have one or more related party transactions must disclose:

Name of related party
Relationship		 Income from
Payments to
Loans from
Loans to
Amounts
related party
related party
related party
related party
owed by/to
in the year
in the year
in the year
in the year
related party
This year
Methodist Property Fund
Methodist Connexional Grants Team
Methodist Church Zimbabwe Fellowship UK
Total
Last year
Methodist Chapel Aid Ltd
Methodist Property Fund
Methodist Diaconal Order
Methodist Connexional Grants Team
Methodist Church Zimbabwe Fellowship UK
Methodist Property Fund
Total




at year end
£
£
£
£
£
-
-
-
-
-
14,500 -- - -
6,000 - - - -
20,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,891
-
-
-
-
14,500
-
-
-
-
6,000
-
-
-
-
- - - - -
23,391
-
-
-
-

Note: The circuit churches do collect money for Methodist related projects, which is recorded and sent direct to the Methodist Fund by the circuit-appointed Fund Treasurers. No documents nor money are seen by the Circuit Treasurer and such finance is not included in these cIrcuit accounts.

A separate report is issued each year by the Connexional Team.

Page 14 of 16

Birmingharn, Sutton Park Clrcult 05104 Clrcuit DECLARATIONS TreaSu￿r I confirm that I have prepared Ihe accounls from the records of the Circuii and Ihat they Include all fund8 under Ihe control of the Circuit Meaing Signature of Tre¥$urer Dale 08 December 2022 Name Martin John W8118r Address 27.B18ckwood Rosd Tamworth. Staffs. B77 1JW Presentation to the Circuit Meeting for apprtsval. I confirffl that the Accounts hava been p￿se￿Ied to the Circuit Meeting on and were approved. Sionalure of the Chair of the meeting 08 Dpcember 2022 Name of the Chair of the meeting Nicko5as Jones 08 December 2022 Page15of16 Page 150116

Blrmln¥ham, Sytton Park Cl￿vit 05104 Independent Examlnerfs Report to the Frustees of the Blrmlnthom, Sutton Park MethDd15t Cirttsll Thi5 Report is on the Circu￿tA¢counts for the year ended 31 August 2022 Aespettive responslbllltles of Twustee5 and ExamlAer The charity's trustees are responsible for the preparation of the accouJ)ts. The Tru5tee5 consider that an audit is not required for thls year under SÈcrtor 144 of the Charitles A¢t 2011 (the Charities Act) and that an independent exhmiftation15 r￿eded. It is the Independent ExamiTher's responsibllity to.. follow the procedure5 laid down in the general Directions given bythe Charlty Commisslon under Section 14515llbl of the Charities act-, and State whether particular rnatters have come to their attention. Basls of Independent Examlnerfs Report My examlnatlon was tèrried out ir? ètcordance wlth the 8eneral Directions given by the Charity Commlssion. An exatnination Include5 feview of the accounting records kept by the charlty and a compari50n of the accounts presented with those records. It also Includes consideration of any unusual itEm5 or di5c105ure5 in the accounts, and Seeking explanation5 frotn you a5 Trustee5 concerning iny such matters. The procedures undertaken do not provlde èll the evidence that woults be requlred In an audit and consequently nts opin10n is 8ivèn as to whÈthÈr thp accounts present a 'true ènd fÈir view" and the report is limited to those marters set out the statetnent below. Ind2pendent Examlnee$ Slatement In connectlon with my examln8tion. no matter hè$ ¢orne to my attention.. 111 which give5 me reasonable cause to believe that in any material respectthe requirement5: to keep accounting records in accord3nce with Section 130 of the Charities Atr. to prepare accounts whlch accord wlth the a￿oUntIng records and comply wSth the accounting req¥lrernents of the Charitles Acr. hove not been mèt.. or 121 to Wh￿Ch. in my opSnion, attention should be drawn in order to enèble a proper undersiandinR of the accounts to be roathed. I h3vÈ not obtÈin@d independent verification of 311 investments wlth the Trusiee5 for Methodlst Church Purposes I'TMCP l or held in other Trust5, Bank balances and Funds at the Centrèl Finance &oard of the Methodist Church I CFB'I, whlch are individually in exc255 of £10,000 (ten thoysand poundsl at the balance sheet date. Name James Cruse ACA. FCCA, BSC (Etonl Hons- J W Hink5 LLP Si6n&ture Relevant Profes5K)n￿l qualification or body Chartered Acc04JThtants Address 19 HighfiÈld Road, Ed8baston. Birrnin8ham 815 38H Date 22 Page 160116

Birmingham Sutton Park Circuit - list of Trustees Birmingham Sutton Park Circuit - list of Trustees Appendix A Appendix A
Those serving all of 2021/22 up to 15/09/2022
Deacon Marilyn Slowe Mrs Anne Cole
Deacon Rachel Thomas-Prasad Mrs Amanda Hume
Revd Dr Alan Smithson Mr Steve Buck
Revd Dr Jimmy Dube Ms Yvonne Huggins
Revd Emily Young Mrs Chris Chick
Revd Keith Webster Mr Benedict Adams
Revd David Hulme
Mrs Marion Watts
Mr Peter Cashmore
Mr Martin Waller
Mr David Allen
Mr Gerald Peel Those joining since 1st September 2021
Mrs Carole McSheen Rev Nickolas Jones - Appointed 1 September 2022
Mrs Carolyn Humpherson Rev Freddy YZ Takavarasha - Appointed 11 August 2022
Mr Tom Watts Mr Nick Riley - Appointed 11 September 2021
Miss Muriel Castle Mr Chris Shaw - Appointed 9 September 2021
Mrs Noreen Marshall Mrs Joy Willianson - Appointed 9 August 2022
Mrs Jean Ham Mrs Julie Ann Read - Appointed 9 August 2022
Mrs Chris Blake Mr Thomas Clive Willamson - Appointed 9 August 2022
Mr Derek Wright Mr Christopher Seeley - Appointed 29 March 2022
Mrs Jennifer McGregor Miss Imogen Clarke - Appointed 6 December 2021
Mrs Judy Stephens Mr Christopher Newson - Appointed 3 December 2021
Mrs Christine Rossiter
Mr John Harden
Mr Peter White Those leaving since 1st September 2021
Mrs Flo O'Connor Deacon Irene Tafirenyika - Resigned 31st August 2022
Mrs Alison Burland Revd Malcolm Oliver - resigned 31st August 2022
Mrs Jenny Wilkes Revd Stephen Froggatt - resigned 31st August 2022
Mrs Maxine Hay Mr John Rutherford - resigned 31st August 2022
Mrs Sheila Ellen Dennis Mrs Barbara Albutt resigned 16th October 2021
Mrs Lorna Eulalel Brown Mr Tony Cooke resigned 11th February 2022
Mr Peter Johansen Rev John Ingon resigned 17th December 2021
Miss Deborah Majola Mrs Liz Topliss resigned 11th January 2022
Mr Giles Wheeler Mr Tony Cooke resigned 11th February 2022
Mrs Michelle Wheeler
Mr John Robbins
Mr David Bowater
Mrs Julie Gascoigne
Mrs Kath Matthews
Mrs Margaret Henry
Mr Tony Wilkinson
Mr David Andrews
Miss Jennifer Hall
Mr Jon Smith
Mr Peter Le Brocq
Mr Grahame Tench