2022-08-31-accounts

REGISTERED CHARITY NUMBER: 1134372

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

TELFORD METHODIST CIRCUIT

Crombies Accountants Limited Chartered Accountants 34 Waterloo Road Wolverhampton West Midlands WV1 4DG

TELFORD METHODIST CIRCUIT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

	Page
Report of the Trustees	1 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 to 17
Detailed Statement of Financial Activities	18

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission. It does this through: Worship, Learning and Caring, Service and Evangelism.

The circuit includes 13 Methodist churches and 3 LEPs. The circuit provides ministerial oversight, through the support of 2 full time Presbyters, 3 part time supernumerary presbyters and a number of lay workers.

The Circuit provides a benefit to the public by supporting both financially and practically, through the churches across the area. The churches provide a venue for many varied activities throughout the week as well as worship on a Sunday. The aftermath of the Covid pandemic continues to have an effect on the churches both in terms of numbers and finances. Sadly 3 churches closed during the year, St Georges, Marsh Green and Tibberton but we also formed a new church in the forer Ketley Methpdist Church with the formation of Dunwell Ketley Methodist Church. This was the first time that a group from the Ghanaian Methodist Fellowship became a full church..

FINANCIAL REVIEW

Financial position

An Annual Budget Review is undertaken to consider the current level of funds held, the anticipated expenditure for the forthcoming 12 months, and how this is to be met by contributing churches. The voluntary Share Contribution method to meet this figure has been put on hold in the light of Covid 19 and churches have been invited to make payments to the Circuit as their finances allow for a year. This will have to be reconsidered in the light of changed financial circumstances.

Reserves policy

The Reserves Policy for the Telford Circuit is to hold a sum equivalent to 3 months annual expenditure in the General Fund in order to meet any unforeseen planned activities in the event of the closure of a church or an inability to raise the full income required from churches.

Our restricted funds are held by the Trustees for Methodist Church Purposes and we have access to them as appropriate but do not manage the capital.

STRUCTURE, GOVERNANCE AND MANAGEMENT Safeguarding

Safeguarding continues to be an important area of consideration for the Church and we continue to work with the Wolverhampton and Shrewsbury District and the wider connexion in order to ensure that our policies, training and practices meet both moral and all of the statutory and legal requirements in this area.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1134372

Principal address

Dawley Christian Centre High Street Dawley Telford Shropshire TF4 2EX

Page 1

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

Trustees Superintendent Minister Hendry Ponniah

Ministers

Roger Dunlop Fiona Brown Christopher Parkes Derrick Lander* Ann Shephard John Farrimond David Lavender

Lay Workers Denice Morgan

Circuit Stewards

Marcelle Kite Jo Kudlacik Derrick Lander John Parkin Charlie Zukiewicz

Ex-Officio Members

Ex - Vice President Leon Murray

Officers & Committee Representatives LP Secretary Paul Trenberth

Circuit Treasurer - Vacant

LP Representatives Christine Rayner

Safeguarding Officer Margaret Reynolds*

Admaston

John Addison Bill Tomlinson Jane Timms Angela Kidd

Albrighton

Bryan Beech David Corden Alison Lang Chris Harrison Colin Miller

Bridgnorth

Ruth Cole John Pratley Diane Radford Gillian Lindley

Broseley Marcus Branson Rita Powell

Page 2

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2022

Dawley CC Robert Yapp John Davis

Donnington

Celia Talbot Philip Owen Eileen Owen

Hadley Shirley Toze Maureen Beard

Horsehay

Margaret Reynolds David Tarrier Liz Zukiewicz Jan Bennett Charles Zukiewicz

Leegomery John Bowdler David Collington Shirley Stevens Val Beasley

Much Wenlock Brian Oakley Joyce Pridmore Mary Rudge Anne Lloyd

Newport Margaret Mantripp Lesley Busby-Waltho Jim Carroll Richard Langley Annie Cuthbert

Oakengates Sylvia Bailey Andrew Evans Angela Evans

Rodington Brian Bonehill Tom Currie

Shifnal Marcelle Kite Barbara Lamkin Janet Lander

The Rock

Derek Sheldon Maureen Rollason Mavis Lamb

Page 3

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

Wellington Diane Parkin Gail Hocking Jennifer Mansell

• Double qualification.

Independent Examiner Ian Cattell FCA Crombies Accountants Limited Chartered Accountants 34 Waterloo Road Wolverhampton West Midlands WV1 4DG

Solicitors

Clarkes Solicitors Hazeldine House Telford Centre Telford TF3 4JL

Advisers and Bankers The Co-operative Bank plc , PO Box 101 1 Balloon Street Manchester M60 4EP

Richard Hustwick - Manses Surveyors 2 St. James Crescent Stirchley Telford TF3 1BL

Andrew Dixon and Company - Churches Surveyors Grosvenor House Central Park Telford TF2 9TW

Christophers - Quinquennial inspections Adrian Mole Midtrees The Green Hambridge Langport Somerset TA10 0AT

Tempertons Lettings - Lettings 23 - 25 High Street Newport Shropshire TF10 7AT

Superintendent Minister is the Rev Hendry Ponniah who can be contacted via the circuit office: Dawley Christian Centre, High Street Dawley TF 01952 505108

Page 4

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

Approved by order of the board of trustees on 6 June 2023 and signed on its behalf by:

Rev H Ponniah - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TELFORD METHODIST CIRCUIT

Independent examiner's report to the trustees of Telford Methodist Circuit

I report to the charity trustees on my examination of the accounts of Telford Methodist Circuit (the Trust) for the year ended 31 August 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ERROR - relevant professional body must be completed, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ian Cattell FCA

Crombies Accountants Limited Chartered Accountants 34 Waterloo Road Wolverhampton West Midlands WV1 4DG

6 June 2023

Page 6

TELFORD METHODIST CIRCUIT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Assessments on Churches Grants Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 District Assessment & Levy Stipends, NIC & Pensions URC Mission & Ministry Office & manse expenses Property Repairs Grants to churches Accountancy and legal fees Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds 15 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 4,112 232,615 - 999 21,750 259,476 2,427 55,406 181,678 7,876 43,550 35,511 660 7,257 334,365 - (74,889) - (74,889) 1,921,709 1,846,820	Restricted funds £ - - - - 283 283 - - - - 2,815 - - - 2,815 - (2,532) - (2,532) 53,258 50,726	Endowment fund £ 28,094 - - 1 - 28,095 - - - - - - - - - (80) 28,015 - 28,015 28,565 56,580	2022 Total funds £ 32,206 232,615 - 1,000 22,033 287,854 2,427 55,406 181,678 7,876 46,365 35,511 660 7,257 337,180 (80) (49,406) - (49,406) 2,003,532 1,954,126	2021 Total funds £ 6,280 250,719 3,500 219 22,740 283,458 2,670 59,709 182,390 9,432 33,763 18,734 9,031 3,000 318,729 171 (35,100) (1) (35,101) 2,038,633 2,003,532

The notes form part of these financial statements

Page 7

TELFORD METHODIST CIRCUIT

BALANCE SHEET 31 AUGUST 2022

Notes FIXED ASSETS Tangible assets 11 Investments 12 CURRENT ASSETS Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS	Unrestricted funds £ 1,635,000 - 1,635,000 4,284 241,970 246,254 (34,434) 211,820 1,846,820 1,846,820	Restricted funds £ - - - - 50,726 50,726 - 50,726 50,726 50,726	Endowment fund £ - 56,580 56,580 - - - - - 56,580 56,580	2022 Total funds £ 1,635,000 56,580 1,691,580 4,284 292,696 296,980 (34,434) 262,546 1,954,126 1,954,126 1,846,820 50,726 56,580 1,954,126	2021 Total funds £ 1,635,000 28,565 1,663,565 5,391 357,591 362,982 (23,015) 339,967 2,003,532 2,003,532 1,921,709 53,258 28,565 2,003,532

The financial statements were approved by the Board of Trustees and authorised for issue on 6 June 2023 and were signed on its behalf by:

H Ponniah - Trustee

The notes form part of these financial statements

Page 8

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £ Sterling, rounded to the nearest pound.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

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 2017 revaluation. No depreciation is provided on the building 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 and are being maintained in good repair.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 9

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2022

2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Other income 4. INVESTMENT INCOME Rents received Deposit account interest Rents received relate to the letting of temporarily surplus manse accommodation. 5. INCOME FROM CHARITABLE ACTIVITIES Activity Assessment on churches Assessments on Churches Grants Grants	2022 £ 32,206 2022 £ 1,000 2022 £ 20,843 1,190 22,033 2022 £ 232,615 - 232,615	2021 £ 6,280 2021 £ 219 2021 £ 22,306 434 22,740 2021 £ 250,719 3,500 254,219

Assessments on Churches

At the beginning of the year, the Circuit comprised of 21 churches and each was assessed for a contribution to meet the overall net costs of the Circuit.

6. RAISING FUNDS

Investment management costs

Investment management costs
	2022	2021
	£	£
Property letting costs	2,427	2,670

continued...

Page 10

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

7. CHARITABLE ACTIVITIES COSTS

District Assessment & Levy Stipends, NIC & Pensions URC Mission & Ministry Office & manse expenses Property Repairs Grants to churches Accountancy and legal fees	Direct Costs £ 55,406 181,678 7,876 46,365 35,511 - - 326,836	Grant funding of activities £ - - - - - 660 - 660	Support costs £ - - - - - - 7,257 7,257	Totals £ 55,406 181,678 7,876 46,365 35,511 660 7,257
				334,753

District Assessment & Levy

In common with other circuits in the District, the Circuit pays an annual assessment, which is based on the number of Methodist Presbyters and Lay Workers within each circuit. The Levy is calculated on a sliding scale percentage of the balance of the Circuit's CMTF at 31 August in the previous accounting year.

URC Mission & Ministry

The URC Synod makes an annual charge relating to its general costs.The total cost for the year ended 31st August 2022 was £7,876 (2021: £9,432).

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.

Certain trustees are remunerated as employees of the Circuit. All payments to trustees are at normal market rates and are subject to review by independent members of the trustee body. Total annual amounts paid to trustees were as follows:

Stipends and salaries - £150,470 Employer's national insurance contributions - £11,321

Employer's superannuation contributions - £19,887

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Assessments on Churches Grants Other trading activities Investment income Total	Unrestricted funds £ 6,280 250,719 - - 22,660 279,659	Restricted funds £ - - 3,500 219 80 3,799	Endowment fund £ - - - - - -	Total funds £ 6,280 250,719 3,500 219 22,740 283,458

continued...

Page 11

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

EXPENDITURE ON Raising funds Charitable activities District Assessment & Levy Stipends, NIC & Pensions URC Mission & Ministry Office & manse expenses Property Repairs Grants to churches Accountancy and legal fees Total Net gains on investments NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 2,670 59,709 182,390 9,432 29,880 4,300 3,571 3,000 294,952 - (15,293) (19,104) (34,397) 1,956,106 1,921,709	Restricted funds £ - - - - 3,883 14,434 5,460 - 23,777 - (19,978) 19,103 (875) 54,133 53,258	Endowment fund £ - - - - - - - - - 171 171 - 171 28,394 28,565	Total funds £ 2,670 59,709 182,390 9,432 33,763 18,734 9,031 3,000 318,729 171 (35,100) (1) (35,101) 2,038,633 2,003,532

10. FUNDS

The funds held constitute:

Unrestricted Funds

General Fund

The purpose of this fund is for use at the discretion of the trustees in the furtherance of the general objectives of the Circuit.

Circuit Model Trust Fund

Consists of money held by the Trustees for Methodist Church purposes for use in the circuit. This money is derived from the sale of churches, and is available for grants towards mission and property schemes in the circuit.

Restricted Funds

Circuit Mission fund

The money in this fund is available for mission initiatives in the circuit.

Children and young people fund

This fund was set up as a designated fund and was used to provide support for children and young people.

Graveyard fund

The purpose of this fund is for maintenance of graveyards associated with closed churches.

continued...

Page 12

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

10. FUNDS - continued

Madeley fletcher

This was a separate fund set up relating to a possible project in a closed church in Madeley. This manse was sold in this financial year.

Manse and refurbishment fund

This fund is used by the trustees as a provision for refurbishments and repairs carried out on manses.

Restricted fund

This is a general restricted fund used for any restricted money from grants, for training fund, manse and removals etc are kept.

Sabbatical fund

This fund was for money towards ministers' sabbaticals which is passed on to the Connexion.

School worker

This fund which was a grant towards a part time worker in John Fletcher church school.

Training fund

The purpose of this fund is to was to provide support for training initiatives.

Endowment Funds

Endowment Trust Funds is mainly from legacies where only the interest is available for use.

11. TANGIBLE FIXED ASSETS

COST At 1 September 2021 and 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021 FIXED ASSET INVESTMENTS MARKET VALUE At 1 September 2021 Additions Revaluations At 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021	Manses £ 1,635,000 1,635,000 1,635,000 Unlisted investments £ 28,565 28,095 (80) 56,580 56,580 28,565

12. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

continued...

Page 13

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2022

12. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2022 is represented by:

Cost

Unlisted investments £ 56,580

Fixed asset investments are held by the Trustees for Methodist Church Purposes, and are held on deposit and in fixed interest securities.

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 14) Trade creditors Other creditors	2022 £ 23,635 (1) 10,800 34,434	2021 £ 15,216 (1) 7,800 23,015

14. LOANS

An analysis of the maturity of loans is given below:

	2022	2021
	£	£
Amounts falling due within one year on demand:
Bank overdrafts	23,635	15,216

15. MOVEMENT IN FUNDS

Unrestricted funds General fund Circuit model trust fund Restricted funds Circuit mission Children and Young People Fund Grave yard fund Madeley Fletcher Sabbatical Fund Training Fund Restricted Fund Endowment funds Endowment funds TOTAL FUNDS	At 1.9.21 £ 1,774,699 147,010 1,921,709 15,810 3,415 7,972 12,407 1,324 1,893 10,437 53,258 28,565 2,003,532	Net movement in funds £ (69,032) (5,857) (74,889) 105 - (2,591) - - (190) 144 (2,532) 28,015 (49,406)	At 31.8.22 £ 1,705,667 141,153 1,846,820 15,915 3,415 5,381 12,407 1,324 1,703 10,581 50,726 56,580 1,954,126

continued...

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TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2022

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Circuit model trust fund Restricted funds Circuit mission Grave yard fund Training Fund Restricted Fund Endowment funds Endowment funds TOTAL FUNDS	Incoming resources £ 259,476 - 259,476 105 34 - 144 283 28,095 287,854	Resources expended £ (328,508) (5,857) (334,365) - (2,625) (190) - (2,815) - (337,180)	Gains and Movement losses in funds £ £ - (69,032) - (5,857) - (74,889) - 105 - (2,591) - (190) - 144 - (2,532) (80) 28,015 (80) (49,406)

Comparatives for movement in funds

Unrestricted funds General fund Circuit model trust fund Restricted funds Circuit mission Children and Young People Fund Grave yard fund Madeley Fletcher Manse and refurbishment fund Sabbatical Fund School Worker Training Fund Restricted Fund Manse and refurbishment fund Madeley School Wkr Endowment funds Endowment funds TOTAL FUNDS	At 1.9.20 £ 1,798,938 157,168 1,956,106 21,537 3,415 9,136 14,597 (24,188) 1,324 (4,267) 1,893 10,401 24,349 (4,064) 54,133 28,394 2,038,633	Net movement in funds £ (5,135) (10,158) (15,293) (5,727) - (1,164) (2,190) (14,433) - 3,500 - 36 - - (19,978) 171 (35,100)	Transfers between funds £ (19,104) - (19,104) - - - - 38,621 - 767 - - (24,349) 4,064 19,103 - (1)	At 31.8.21 £ 1,774,699 147,010 1,921,709 15,810 3,415 7,972 12,407 - 1,324 - 1,893 10,437 - - 53,258 28,565 2,003,532

Page 15

continued...

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2022

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Circuit model trust fund Restricted funds Circuit mission Grave yard fund Madeley Fletcher Manse and refurbishment fund School Worker Restricted Fund Endowment funds Endowment funds TOTAL FUNDS	Incoming resources £ 279,658 1 279,659 33 229 - 1 3,500 36 3,799 - 283,458	Resources expended £ (284,793) (10,159) (294,952) (5,760) (1,393) (2,190) (14,434) - - (23,777) - (318,729)	Gains and Movement losses in funds £ £ - (5,135) - (10,158) - (15,293) - (5,727) - (1,164) - (2,190) - (14,433) - 3,500 - 36 - (19,978) 171 171 171 (35,100)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Circuit model trust fund Restricted funds Circuit mission Children and Young People Fund Grave yard fund Madeley Fletcher Manse and refurbishment fund Sabbatical Fund School Worker Training Fund Restricted Fund Manse and refurbishment fund Madeley School Wkr Endowment funds Endowment funds TOTAL FUNDS	At 1.9.20 £ 1,798,938 157,168 1,956,106 21,537 3,415 9,136 14,597 (24,188) 1,324 (4,267) 1,893 10,401 24,349 (4,064) 54,133 28,394 2,038,633	Net movement in funds £ (74,167) (16,015) (90,182) (5,622) - (3,755) (2,190) (14,433) - 3,500 (190) 180 - - (22,510) 28,186 (84,506)	Transfers between funds £ (19,104) - (19,104) - - - - 38,621 - 767 - - (24,349) 4,064 19,103 - (1)	At 31.8.22 £ 1,705,667 141,153 1,846,820 15,915 3,415 5,381 12,407 - 1,324 - 1,703 10,581 - - 50,726 56,580 1,954,126

Page 16

continued...

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Circuit model trust fund Restricted funds Circuit mission Grave yard fund Madeley Fletcher Manse and refurbishment fund School Worker Training Fund Restricted Fund Endowment funds Endowment funds TOTAL FUNDS	Incoming resources £ 539,134 1 539,135 138 263 - 1 3,500 - 180 4,082 28,095 571,312	Resources expended £ (613,301) (16,016) (629,317) (5,760) (4,018) (2,190) (14,434) - (190) - (26,592) - (655,909)	Gains and Movement losses in funds £ £ - (74,167) - (16,015) - (90,182) - (5,622) - (3,755) - (2,190) - (14,433) - 3,500 - (190) - 180 - (22,510) 91 28,186 91 (84,506)

16. RELATED PARTY DISCLOSURES

Churches within the Circuit:

Admaston Albrighton Bridgnorth Methodist-URC LEP Broseley Dawley Donnington Hadley Horsehay Ketley Leegomery Marsh Green Much Wenlock Oakengates United Methodist-URC LEP St Georges St Georges, Rodington Methodist-Anglican LEP Trinity, Newport Methodist-URC LEP Trinity, Shifnal The Rock Tibberton Wellington

Page 17

TELFORD METHODIST CIRCUIT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022

INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Other income Investment income Rents received Deposit account interest Charitable activities Assessment on churches Grants Total incoming resources EXPENDITURE Investment management costs Property letting costs Charitable activities Stipends and allowances Social security Pensions Light and heat Telephone Insurance, council tax etc Repairs and maintenance Sundries Travelling Training Office expenses URC mission and ministry Direct assessment and levy Grants to churches Support costs Governance costs Accountancy and legal fees Total resources expended Net expenditure	2022 £ 32,206 1,000 20,843 1,190 22,033 232,615 - 232,615 287,854 2,427 150,470 11,321 19,887 7,760 1,683 19,781 35,511 5,092 8,348 190 3,511 7,876 55,406 660 327,496 7,257 337,180 (49,326)	2021 £ 6,280 219 22,306 434 22,740 250,719 3,500 254,219 283,458 2,670 151,456 12,039 18,895 - 1,704 11,467 18,734 2,466 11,508 - 6,618 9,432 59,709 9,031 313,059 3,000 318,729 (35,271)

This page does not form part of the statutory financial statements

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This page does not form part of the statutory financial statements

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