Northampton District Hinckley Circuit 23/11 www.hinckleymethodistcircuit.org.uk ## TRUSTEES ANNUAL REPORT TO THE CIRCUIT MEETING of 17th September 2020 held via Zoom ## Contents Statutory Details…………………………………………………………. page 3 Structure, Governance and Management…………………… page 5 Objectives and Activities…………………………………………….. page 7 Achievements and Performance: Senior Circuit Stewards report……………………………………. page 9 Local Preachers Report……………………………………………….. page 11 Youth Report………………………………………………………………. page 11 Children and Families Ministry Report………………………… page 13 Safeguarding report……………………………………………………. page 14 Missions Report………………………………………………………….. page 14 JMA Report ………………………………………………………………… page 14 Manse report………………………………………………………………. page 15 Property report…………………………………………………………… page 16 Website Report ………………………………………………………….. page 18 Financial Review …………………………………………………………. page 19 2 ## TRUSTEES ANNUAL REPORT FOR THE PERIOD 1[st ] September 2019 to 31[st] August 2020 ## Statutory Details: Charity name: Hinckley Methodist Circuit Registered Charity Number: 1134382 Registered Address: Circuit Office Earl Shilton Methodist Church Wood Street Earl Shilton LE9 7ND Charity Trustees who manage the charity: **----- Start of picture text -----**
Rev Dr Timothy Woolley Superintendent Minister
Rev David Haseldine Minister
Rev Wes Hampton Minister
Mr Colin Haddon Senior Circuit Steward
Mrs Sheila Grice Circuit Steward
Mr William Taylor Circuit Steward - Finance
Mr Arthur Bennett Circuit Steward
Mr Neville Spark Circuit Steward
Mrs Rachel Cobb Circuit Steward
Mrs Judith Cooke Local Pastor
Mr John Cooke Local Pastor
Mrs Anne Haddon Local Pastor
**----- End of picture text -----**
## **Appointing body** : Circuit Meeting **The Charity Trustees** are the Members of the Circuit Meeting, comprising the following officers and elected members, when such persons are members of the Methodist Church of Great Britain: Ministers Local Pastors Supernumery Ministers Persons Authorised to serve the Circuit Circuit Stewards Circuit Treasurer Secretary to the Meeting Local Preachers Meeting Secretary Circuit Missions Secretary Safeguarding Officer 3 Circuit Property Secretary / Manse Secretary Additional Members: In addition to the Treasurer and a Steward, further representatives elected by each church council in numbers specified by the Circuit Meeting, currently Membership under 50 2 further representatives Membership 51 – 100 3 further representatives Membership over 100 4 further representatives Ministers and Circuit Officers are appointed by the Circuit Meeting. Details of current trustees can be found in our charity details on the Charities Commission website Property Trustees: Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ Bankers: Co-operative Bank PLC, Central Finance Board of the Methodist Church Independent Examiner: Mr David Briscoe 4 ## Structure, Governance and Management **The Hinckley Methodist Circuit** is part of the Methodist Church of Great Britain and as such is governed by the Constitutional Practice and Discipline (known as CPD) of the Methodist Church of Great Britain. **The Hinckley Circuit** oversees and supports the work and mission of eleven Methodist Churches in the following localities: Barwell, Burbage, Earl Shilton, Higham, Hinckley, Newbold Verdon, Sapcote, Sharnford, Stapleton, Stoke Golding, Stoney Stanton 5 **The Northampton Methodist District** oversees and supports the work and mission of the Circuit. **The Circuit is staffed** by three full time presbyters, who are aided by three Local Pastors, ten active Local Preachers, and an Associate Minister. During the year, the Circuit has employed lay workers in one administrative and four missional posts, and supported the training of a young person under the Methodist Young Leader scheme: Administrator (part time) Youth Work Team Leader (full time) Youth Support Worker (part time) Early Intervention Worker (full time to 31[st] December 2019) Children and Families Ministry Enabler (part time from 1[st] January 2020). Young Leader (part time from 1[st] March to 31[st] August 2020) The Circuit Meeting takes place twice yearly in September and March, plus any extraordinary meeting if required. Day to day management of the Circuit is undertaken on behalf of the Circuit Meeting by the Circuit Leadership Team meeting approximately 6 times a year, comprising: Superintendent Minister (Chair) Ministers Circuit Stewards Local Pastors Youth Work Team Leader Circuit Administrator (minute taker) 6 ## Objectives and Activities The Mission Statement of the Hinckley Methodist Circuit (2015) is as follows: ## **HINCKLEY METHODIST CIRCUIT - MISSION POLICY** We are called as Methodists to be a people who express and experience their interconnection in the Body of Christ, for purposes of mission, mutual encouragement and help (Standing Order 500), to share “scriptural holiness” and the radical life-transforming Gospel of Jesus Christ. ## **The vision of the Hinckley Methodist Circuit is ‘To make and grow disciples of Jesus Christ’** everything which we aspire to do needs to have this vision as the goal. ## **We will strive to be** : A mission focused church outward and forward facing. Actively and positively involved in the life of the community. Encouraging a wide use of our premises Having a sense of Circuit and shared mission. Encouraging ecumenical links and a sharing of resources. ## **OUR PRIORITIES CONTINUE TO BE** ## WORSHIP A sufficient number suitable premises to enable people across the circuit to worship in a variety of styles LEARNING To encourage opportunities for learning and to grow in discipleship CARING& SERVICE To develop resources to care for church members and the wider community. EVANGELISM To equip and empower people to live lives where the love of Jesus shines through. We will continue to develop our Mission Document (February 2015) and to encourage our various congregations to discuss and take action on the “Five Practices of Fruitful Congregations” (Robert Schnase). Trustees have had regard to the guidance issued by the Charities Commission on public benefit In order to achieve the principal objective above, the Circuit provides a variety of activities both to its membership and to the community generally. Central to the work and witness of the Circuit is the provision of regular public services of Christian worship. These services usually take place each Sunday. There are also occasional services midweek. Examples are Carol services, prayer days and café worship. The churches seek to be a friendly and welcoming community and anybody is free to attend these services. 7 Some churches provide a full programme of children’s and family-based activities during services and to the wider community through Messy Church and Holiday Clubs. Four churches in the Circuit are home to Scout and/or Guide groups. Barwell Methodist Church runs a Lunch Club event in school holidays in partnership with Hinckley and Bosworth Borough Council enabling families with children aged 5 to 12 years to come together and share a wide range of play activities and a meal. During 2019/20, the Circuit extended its children and families work in the churches and in the wider community, through the part-time employment of a Children and Families Ministry Enabler from January 2020. The Circuit places an emphasis on youth work in the towns and villages served by our churches, employing a full time youth worker to plan and oversee youth work around the Circuit, including youth clubs, school discussion groups, day trips and outreach work amongst young people in the community. The Youth Team comprising a full time employed Youth Work Team Leader, a part time employed Youth Support Worker and volunteers works closely with local schools, Barwell and Earl Shilton Street Pastors, and the Reality Youth Project based at St. Martins House in Leicester. The Circuit also employed a full time Early Intervention Worker (EIW) until 31[st] December 2019 whose role was to provide support, information and advice to young people on issues such as drug and alcohol dependency and anger management. The EIW was based at Heath Lane Academy in Earl Shilton, and worked largely among the students there, but also provided support in other high schools and local youth initiatives. From January to July 2020, this work was continued by the Youthwork Team Leader and Youth Support Worker. The Circuit hopes to secure funding for an expanded Phase 2 of the Early Intervention Worker project to begin in 2021. Several of the churches provide opportunities during the week for local residents to meet and socialise via coffee mornings, mens breakfast, craft groups, lunch clubs etc. Those churches with hall facilities provide a venue for a wide variety of community groups, with four churches in the Circuit providing accommodation for playgroups during term times. The circuit acknowledges the invaluable contribution of its many volunteers to its work and mission. **Worship in the Circuit and work in the community has been impacted by the Covid 19 pandemic. Please see individual reports below for an account of how the Circuit has responded in this national crisis** 8 Achievements and performance Individual Reports ## _**SENIOR CIRCUIT STEWARD’S REPORT**_ My computer informs me that I completed my report to the March Circuit Meeting on 24[th] February this year. At that time, and even on the date of the meeting itself two weeks later, none of us, I think, could have imagined how quickly and how radically our lives were about to change. Within a fortnight of that meeting the country entered full lockdown and freedoms we took for granted were curtailed and the rising tide of Covid-19 infections brought with them immense pressure on our health service and unprecedented economic and social consequences which will last for a lifetime. I will not catalogue the events which have followed up to now; this is not a news item or a journalistic essay but a report on the life of our circuit and what God has been doing with, and amongst us in the last six months. In the days before the lockdown was announced we had already taken the decision, following the advice of the Methodist Church, to cancel Sunday worship in our churches, the planned for and long anticipated Worship Works weekend led by Roger Jones had been postponed indefinitely and, in what would be the last face to face meeting for several months Tim, Wes, Dave and I had sat at the four corners of an imaginary square in the church building at Burbage to discuss plans for the immediate future. I can’t remember all the details of that meeting but I do recall discussing the production of a monthly newsletter and the possibility of ministers and Local Preachers being willing to produce “worship at Home” sheets for distribution around the circuit if the Connexional Team did not continue to publish these (it did, and is still doing so). The first document to appear as a result of our meeting rejoiced in the unmemorable title of “Covid-19 Information Sheet “ and was the first of what became a weekly newsletter for which we are indebted to Chris Bacon, our Circuit Administrator who produced this every week until the end of July, when we agreed that the time was right for it to be replaced by a simpler bulletin. Mention of Chris leads me to a decision taken in the early days of the lockdown that we would not furlough our circuit employees and would allow Chris B, Chris N and Claire the freedom to use their time as they felt led. Chris, Chris and Claire we are enormously grateful to you for what you have done; from the newsletter to sofa sessions, from Crafternoons to the Quarantine Quiz and much more besides. Among all the changes we have had to make perhaps the one which we would have least predicted has been the complete cessation of public worship in the churches (not to mention mosques, temples synagogues etc) of this country. Never before has this happened but we can praise God for the timing. Thirty, even twenty years ago we would not have had the wealth of technological resources which have enabled us to continue to be spiritually sustained and fed and for corporate worship of God to continue (hands up those who had heard of Zoom before March 2020!) We have been blessed by this and other connectivity platforms. 9 My hope and prayer is that what we have learnt from this enforced time will not simply be forgotten in a rush to resume “doing what we have always done” but will re-evaluate what is important and what is effective whether that be in the use internet communication technology in mission as with the recently ended Online Alpha Course, hosted by Chris and Claire, or the development of new worshipping communities or simply in saving time and travel when we have to meet to discuss the business of circuit life. The hard questions and challenges regarding, for example, how we continue to resource worship in terms of ministers, preachers and worship leaders, how we continue to offer pastoral support to members of our congregations and how we continue to afford to maintain church buildings, have not gone away and in some ways have been brought into sharper focus. However we have learnt much in the last six months which might help us as we face these. The introduction of the Circuit Zoom Service at the beginning of August, for example, is one attempt to extend what we have been doing as individual churches to reach not only those who continue to shield but perhaps also the housebound and those whose health does not allow them to continue attending a place of worship and, as such, the intention is that this should continue for the foreseeable future. Moving to more specific events in the life of our circuit; Wes and Cherry Hampton have left us to move to Broadstairs, as Wes prepares to begin the next phase of his ministry. We wish them well and ask God to continue to bless them and pray that the Canterbury and East Kent Circuit will benefit, as much we have done in the Hinckley Circuit from Wes’s, experience and gifts. Patricia Mukorombindo and her husband Peter have moved Into the Kirfield Drive manse and, when you read this, she will have officially begun her ministry among us and for her too we pray God’s blessing. The period of three weeks for which the manse remained empty was an intense one in terms of work being done on the house and in the garden, by both contractors and volunteers. It would be invidious to mention names here but I am enormously personally grateful to those who helped in any way with the work. Patricia and Peter were delighted with what you achieved. Some items of work remain outstanding but are in hand. In Burbage, Tim and his family have had to endure several more months of living in a house with major work pending. I am pleased to be able to report that we have agreed a six-month let on an alternative property in Burbage and the work, funded by insurance money, will at last be able to take place. Please continue to pray that all may go smoothly with this and that the disruption to the Woolley family’s lives will be for as short a time as possible. The forgoing has not been an exhaustive list of everything which has happened over the last six months but has, I hope, given a picture of a circuit which, despite the closure of our churches and the associated problems of the pandemic, has continued to function and to carry out God’s work. Whatever the future may hold, with all its uncertainty, we can be confident that the One who is our Rock and our Redeemer will not change and that as long as our focus is on Him we will be able to meet the challenges which lie ahead. _**Coin Haddon Senior Circuit Steward**_ 10 ## _**LOCAL PREACHERS REPORT**_ Well what a year it has been and still another 5 months to go. A large number of people have expressed to me “I’ll be happy when we get back to normal and do what we are happy doing. As I often respond, we must not look back to the old normal but look forward to the new normal. The church has suffered difficulties with our buildings being out of bounds, but some have had the benefit of zoom services and zoom meetings for eg. Bible study and Alpha courses. However, we consider ourselves as dinosaurs we must accept there will be and must be changes in how we do things and be ready to embrace new ways of being church. Local preachers will have their part to play as will individual churches to enable us to take on board the up and coming technological advances that are already here. Unfortunately some of the changes are prompted as a result of the shortage of local preachers and reduced ministerial staff to fill all our pulpits. Sadly we have lost the services of 3 local preachers in the last 12 months Hilary Fenby, Charles Davies and John Marfleet. So as we go forward into the new normal I pray we both local preachers and church congregations do it with a spring in our steps and renewed hope in our hearts ## _**John D Cooke Local Preachers Secretary**_ ## _**YOUTH WORK REPORT**_ I have used the annual monitoring report submitted to District (in lieu of the grant we receive) as the basis of this report to circuit meeting. With just a couple of additions this summarises progress to date re Youth Work in our circuit at the present time. Due to the pandemic all previous face to face work has ceased and it is not clear when this work will resume. However, the team has been hard at work since the last circuit meeting and we are indebted to them all for their enthusiasm, resilience and powerful witness. - Chris now heads up a team of 4. For part of the year he has had supervisory oversight of a full time Early Intervention Worker (Lynn) based within two communities and at a local secondary academy and sole responsibility for a part time Youth Support Worker This has broadened our mission, focussing on real needs within communities which is already having a huge recognised impact. Lynn left at Christmas to take up a new position and we are currently looking at securing funding for this post for the next 3 years, hoping to recruit again later this year. A new addition to the team has been Olly Woolley on the Young Leaders’ Scheme, focussing on media and looking at ways of reaching out as a circuit using different media platforms. Netty Alesbrook continues to provide valuable support to Chris in her role as Assistant Youth Leader. 11 - The employment of Chris is critical to the connection of the current culture and the problems faced by young people today with the older members of the established church congregations. - Until Lockdown, Youth Cafes ran in three of our churches and relationships were deepening all the time. Following the stabbing and death of one of the youngsters attending Earl Shilton Youth Café, Chris provided invaluable support to the victim’s family and friends up to and including the court case earlier this year when the accused was convicted of manslaughter. - Since Lockdown started in March, Chris has worked tirelessly to keep - our circuit connected. He has instigated Hinckley Circuit Online Facebook page, Quarantine Quiz, Sofa Sessions, Prayer sessions and Alpha. It has been wonderful to see families engage in the Quarantine Quiz and Alpha has proved to be a powerful tool for mission across the circuit. Claire Sutcliffe (Children & Families Ministry Enabler) has worked very effectively with Chris providing a lead in all the different activities taking place during Lockdown. She and Chris complement each other and share a passion for mission and outreach within our local communities. - The Youthwork Prayer Breakfasts now include a focus on Children’s and Families work. These continue to run every two months and are essential in motivating those in the circuit to pray for our mission among the missing generations. Work is put in to make these prayer breakfasts interactive, aiming to educate on the issues affecting young people, highlight our work for people to be better informed to pray and showcase some of the resources that we’re using. Currently these are run via zoom. The next one is planned for September 26[th] . - Netty Alesbrook’s contract finishes on August 31[st] and sadly Netty has taken the decision to cease working for the circuit due to her other work commitments. She will continue to support Earl Shilton Youth Café in a voluntary capacity, which is great news. We will miss Netty’s sparkling personality and are so grateful for all her achievements over the past couple of years. - Olly Woolley has finished the year’s Young Leader’s Scheme, working for just 3 hours a week. It has been great to see Olly lead the weekly Burbage prayer sessions on Zoom and become involved in the District weekly Zoom Young People’s network. We have been asked by District to consider extending Olly’s contract for a further year and by the time of circuit meeting we will have more information about this to bring to you. Tremendous thanks go to the team for all their achievements over recent months through very challenging times. Please continue to pray for them over the coming weeks and months as the way forward for their work becomes clear. ## _**Sheila Grice**_ 12 ## _**Children and Families Ministry Enabler report August 2020**_ Since I took up the post as Children and Families Ministry Enabler this year certainly hasn’t gone the way I was expecting! The first 3 months of the post I spent time building relationships with the various churches and visiting the groups that the churches are running, the lunch club at Barwell, toddler group and Refresh at Burbage, Friday Family Fun at Sapcote and Messy Church and toddler group at Hinckley and the Prayer Breakfast. Also chatting with Anne Haddon about Sharnford and maybe giving the congregation there a Godly Play session. I was trying to get round to the various churches on a Sunday morning so that everyone knows who I am and to get to know people in their context and how they might want to move forward in the children and families work. Unfortunately, this all came to a very sudden stop when we were all locked down in March. But thankfully I have managed to keep up relationships with some people in the circuit by the Quarantine Quiz, Pause to Pray, Sofa Sessions and Crafternoons. The Alpha course which has been running has been great to be involved in and has been a great way to disciple to those who feel so far away at this present time. The Holy Spirit can do amazing things even on Zoom! I have also been recording stories for church Facebook pages. I was also involved in Newbold Verdons Holiday Club, which was the giving out of bags of crafts and a treasure hunt for families, which received some lovely comments on the FB page. Hinckley MC holiday club was a little different this year with it being recorded via Zoom and it was fantastic to be involved in the planning and to take part with the stories and crafts. As our churches begin to open and conversations are being had about the re -opening of toddler groups and the running of Messy Church. I pray that we do not rush into these things because we “think we have” and because “that is what we have always done”! There are some exciting things coming soon we are looking to move the Sofa sessions to an evening, as requested by those on the Alpha course to make it more accessible for those returning to work and those with children. The Sofa sessions are watching a video together and then a discussion afterwards. I am here to help the circuit to grow in the outreach and mission of the circuit, but I cannot do it on my own, if you have any ideas at all about how we as a circuit could be doing more in this area please do get in touch. This could be the perfect time to start something new, maybe a bereavement group or even a group for people to come and talk about their experiences during lockdown, or a support group for parents of school age children or teenagers. Please do get in touch ## _**Claire Children and Families Ministry Enabler**_ families@hinckleymethodistcircuit.org.uk 13 ## _**SAFEGUARDING REPORT**_ We have held several more Creating Safer Space training sessions this last year and will run further sessions as required, when we are able to. If you or anyone you know needs to attend either session, because of a change in role, etc please contact the Circuit Office. Our activities in terms of training have been curtailed by Covid and we are awaiting guidance from District about future training at both Foundation and Advanced levels. We attended the latest District Safeguarding morning on 2[nd] November including a talk on risk assessment and safer recruiting, but the subsequent meeting was another victim of Covid. Following a recent review of our Circuit Safeguarding procedures we are planning another Circuit Safeguarding meeting, either virtually or face to face, once we have had further information from our District Safeguarding Team. Church Safeguarding leads will be invited but if you would like to find out more about this work or would be interested in becoming a safeguarding trainer please do not hesitate to contact me. Please remember that the District Safeguarding webpages are regularly updated and can be accessed at https://www.northamptonmethodistdistrict.org.uk/safeguarding/ Thank you all for your support at this difficult time ## _**Nigel Scarborough, Circuit Safeguarding Lead**_ Tel - 01455618739/07775540072 nigel.scarborough@hee.nhs.uk ## _**CIRCUIT MISSIONS REPORT**_ A Circuit Home Missions supper evening was held in October 2019 at Sapcote Methodist Church in aid of the charity, ‘Newlife’ - a charity which supports children with terminal and life-limiting illnesses. ## **The Circuit would like to extend its grateful thanks to Sally Tuckwell, who stepped down from the role of Missions Secretary in March 2020** The Missions Secretary role going forward will be discussed at the September 2020 Circuit Meeting ## _**JMA REPORT**_ The Circuit would like to express our condolences to the family of Mrs Barbara Howarth who passed into glory earlier this year. Barbara, the Circuit JMA Secretary was well loved by her Church family at Newbold Verdon and will be sadly missed The JMA Secretary role going forward will be discussed at the September 2020 Circuit Meeting ## _**Christine Bacon**_ ## _**Circuit Administrator**_ 14 ## _**MANSE REPORT**_ ## **Westminster Drive** The builders are due to start the remedial work caused by the leaking en-suite in the next 3 weeks – the work could take upwards of 6 weeks due to the extent of the damage – Colin and the circuit Stewards have secured a rental accommodation for the family to move into for the duration of the work. Additional leaks have occurred since the original insurance claim was notified – from the main bathroom – temporary repair attempts were made pre Covid lock-down to rectify this until the building work is commenced. Most recently the hot water cylinder developed a leak- the root cause being a standard hot water cylinder had been used in a pressurised system – so unfortunately the family have been without hot water for the past two weeks. Other repairs carried out include replacement fence panels to the side, relaying of slabs to the front – a new oven was also purchased and installed. ## **Holly Lane** Outdoor paved area has been attended to. ## **Outstanding items** Several UPVC units have failed, and the UPVC doors are sometimes difficult to open / close – Rev Dave has kindly eased the workload by requesting quotes from the trades – currently awaiting. Downstairs toilet requires new Siphon and handle. UPVC gutters require cleaning. ## **Kirfield Drive** Many grateful thanks to all those who gave up their time at this difficult time to help with the make-over of the manse. The transformation is absolutely astonishing –all of which could not have been achieved without the many hours of hard work, drive and dedication of Colin & Anne Haddon Work carried out: Lead flashing, front windows masonry have been replaced / repaired / UPVC gutters soffits cleaned. Front and rear garden / flower beds – the bedding plants which were also kindly donated. Interior and exterior painting (Contractors) New carpets throughout New Shower / Gas cooker / Intruder alarm New fence panels, New handles for internal doors. Awaiting cost for relaying rear patio / fitted wardrobes Thanks to the ministers and their families for their patience and support which they have given throughout the year which has been a difficult one with the Covid lockdown etc. – I’d also like to give a personal thanks to Colin who has been a tremendous help with the manses and Chris at the circuit office ## _**Richard Kalnins Circuit Manse Secretary**_ 15 ## _**PROPERTY REPORT**_ **The District Property Day on 30[th] November’19 -** I reported on this meeting at the last Circuit Meeting covering: - The work of the Central Finance section as it manages £50 million in cash and £500 million in Long Term investments for the Methodist Church. – the reminder from Methodist Insurance that 50% of fires were caused by arson and a further 30% by our electrical installations. – and finally, the reminder that Carbon Reduction was still a hot topic for Methodist Churches. **The Circuit Property Meeting on 3[rd] December’19 –** All the Churches reported a busy year maintaining their premises. Richard Kalnins presented a picture of our 3 Manses going through a large programme of maintenance and replacement work in the year. He also presented a detailed list of the work that will be needed in the coming year at Kirfield Drive to be done in the few weeks between Rev Wes leaving and a new Minister moving in. Richard reported major damage from water leaking from a shower cubicle at Westminster Drive. He reported having to deal with contractors reluctant to accept liability and carry out remedial work. **Annual Returns –** 9 of our 11 Churches have completed their annual returns on-line. By way of a reminder, September is a good time to complete your annual return when the information is available from the September Church Council meeting. Much of the information does not change and can be copied from last year’s return, on the annual returns website. Hinckley’s skilled and willing maintenance team are all getting older and it is anticipated that contractors will be necessary for some future works. A new Property Steward is sought. **Quinquennial Inspections** – The inspections at Stoney Stanton Church and Burbage have been delayed by Covid-19 lockdown, and also the urgent repair work needed on the Burbage Manse. ## **Sharnford – Property Report for Church Council from Cyril Fennel** _**Sharnford Methodist Church**_ _**Electrical Certificate** : An electrical survey has been completed which identified the need for some urgent repairs. These have been completed and an approved certificate is now available. Note: The certificate points out that the heater cabling and some light fittings are obsolete as such, if they fail they will need to be replaced._ _**Spalling Brickwork:** David Sleight a Conservation Builder recommended by the Methodist Church Conservation Officer Joanne Balmforth has completed a survey and issued a report. The report was accepted by Joanne based on completing the work under option 2 of the report. Unfortunately, David is unable to start work until the spring of next year. In the interim I am looking for reclaimed bricks and have obtained 6 samples. One of these is a reasonable match but not perfect. I’m continuing to look for a suitable supply._ _Extract from David report:_ _Option 2 Remove inappropriate cement repairs to brick faces AND eroded bricks** up to 1.2m – high. (Approx 120 160 bricks)_ _**Eroded bricks = bricks were the surface of the brick has been lost above 5mm deep. Less than 5mm will be left in situ._ _Same specification as above._ 16 ## _– Cost £5990.00 £6750.00 + VAT_ _**Chimney:** I have proposed to Joanne that we remove the Chimney due to its poor state of repair and the fact it has at sometime been replaced with brickwork which is not compatible with the original build. I believe she will look favourably on this request however, requires a detailed specification. To this end I have been in touch with Stephen Clark the quinquennial inspector however, he declined to provide a specification. After much chasing Fraser Edge has provided a quote (5th Aug 20) copy attached. I will include this in a formal request to Joanne to remove the Chimney. Could the Church Council please confirm this is consistent with their wishes and the costs are acceptable. Estimate cost: Total £2,200.00 VAT @ 20% £ 440.00 (Should be recoverable) TOTAL COST £2,640.00_ _**Ceiling damage:** This must be repaired using the traditional lath and plaster method. I intend to pursue this in parallel with the Chimney repairs._ _**Fire Extinguishers:** These were due for inspection in March. However, I postpone any work on them while the building was not in use. I will instigate the inspection as soon as I’m informed when the build will be put back into use. The church is well provided with fire extinguishers 1 CO2, 3 Foam and 1 water. I propose replacing 2 of the foam with 2 lighter CO2 extinguishers. Could the Church Council please advise if they agree with this proposal._ _There are other minor items to be be completed according to the quinquennial report however, I propose we tackle these once the major items are in hand. We should remember that the windows remain a concern and very soon action will be required to have these replaced._ _Finally, I’m sorry progress has proved very slow but, I will continue to progress these items as long as the Church Council wishes me to do so._ _Best Regards Cyril_ ## _**Ian Baker Circuit Property Secretary**_ 17 ## _**WEBSITE REPORT**_ The circuit website is now https://hinckleymethodistcircuit.org.uk. The HTTPS means access to our website has the protection of the privacy and integrity of the exchanged data while in transit. It protects us against man-in-the-middle attacks, and the bidirectional encryption of communications between a client and server to protect the communications against eavesdropping and tampering. In practice, this provides a reasonable assurance that one is communicating with the intended website without interference from attackers. This makes us complaint with GDPR There has also been a major update to the site’s software and we are currently using WordPress 5.5. The block-based editor has let us have videos in our posts and can show PDFs on the page. ## **E-Mails** New e-mail addresses allocated. families@hinckleymethodistcircuit.org.uk for Claire media@hinckleymethodistcircuit.org.uk for Olly youth@hinckleymethodistcircuit.org.uk for Chris alpha@hinckleymethodistcircuit.org.uk zoom@hinckleymethodistcircuit.org.uk ## **Social Media** Covid19 curtailed our services in Church so we looked to Technology for the answer. Easter gave us our first opportunity to make use. Wes recorded a video daily, which we converted to be compatible with YouTube and then shared on the Circuit Facebook (https://www.facebook.com/hinckleycircuit) and the web. Bible month was about the book of Ruth and so we used Zoom with video clips from Tim, Dave & Wes. Many thanks to Ian & Kate Roberts for helping to run Zoom. We have been using Zoom for weekly services at Hinckley and this has expanded to Circuit Zoom with the help of Ian, Kate, Chris Webb and Trever Starbuck. Hinckley’s Holiday Heros ran via Zoom. The Youth team has been using Social Media to keep in touch and even ran an Alpha course. Crafternoons @ 3pm with Claire on Zoom is for the young and the young at heart. There is also a private group “Hinckley Circuit online” that anyone could join. ## _**Fred Hartshorn, Webmaster**_ 18 ## Financial Review ## _**General Summary**_ ## **Funds** The Circuit does not seek to fundraise outside of the Church Membership. The main income of the Circuit is from the Churches via the Circuit Assessment. The Circuit Assessment is reviewed annually and covers the costs 1a to 1c above. The Circuit contributes to the expenses of the Northampton District via the District Assessment. Throughout the year the Circuit financially supports a number of Connexional and Mission (home and overseas) funds, taking up special offerings at services throughout the year. Individual Churches hold a variety of one-off and regular events to support local and national charities. Some of our work is only possible through the provision of grant funding. The full time Early Intervention Worker (EIW) post is funded entirely from sources outside the Circuit. This funding comes from local businesses and community organisations, local government, schools and private donations, in recognition of this vital work being done amongst vulnerable young people in the community. These funds are separated in the accounts and shown as restricted funds. The Circuit Youth Work this year has been part funded by a district grant of £6K. The remaining cost of Youth Work which includes specific mission activities, e.g Mission bus operated by Reality Youth Project are funded by contributions from the Circuit funds and the Circuit Model Trust Fund. The Circuit Model Trust Fund derives from the sale of chapels and manses and is restricted by the Conference of the Methodist church. This restriction is an internal regulation though the funds can be used for a variety of purposes but with an emphasis on mission rather than maintenance. We make provision for our property maintenance programme by an annual budget of £7K. The actual costs are charged and recorded each year on the circuit balance sheet ## _**Circuit Reserves Policy March 2020**_ ## **1. Mission Policy** The Circuit Mission Policy is set out in a separate document and is published on the Circuit web site www.hinckleymethodistcircuit.org.uk Essentially, it provides for: - a. The ministerial oversight and pastoral care of the 11 local churches in the circuit. b. The support of a ministry team of 3 Presbyter Ministers with the support of 3 local Pastors, a part-time Circuit Administrator, a full-time Youth Worker with a full time Early Intervention Worker and part-time Assistant, and a part-time Child and Families Ministry Enabler. The circuit calls on the support of an associate minister to lead services once or twice a quarter. - c. The maintenance of 3 circuit manses 19 ## **2. Financial Plans**  The circuit assessment is reviewed annually and covers the costs 1a to 1c.  The Circuit Youth Worker is part funded by a district grant totalling £30,000 paid over five years (2018 to 2022 inclusive). The remaining cost of Youth Work which includes specific mission activities, e.g Mission bus operated by Reality Youth Project are funded by contributions from the Circuit funds and the Circuit Model Trust Fund. To meet any shortfall to the end of the current contract a provision of £20,000 has been reserved from the Model Trust Fund.  The Children and Families Ministry Enabler post (1st January 2020 to 31st December 2022) is funded by contributions from the Circuit funds and the Circuit Model Trust Fund. To meet any shortfall to the end of the current contract a provision of £27,000 has been reserved from the Model Trust Fund.  We make provision for our property maintenance programme by an annual budget of - £7000. The actual costs are charged and recorded each year on the circuit balance sheet  The Circuit general funds at year end Aug 2019 were as follows o Unrestricted general fund £161,160 (excludes Circuit Model Trust Fund) o Restricted fund (EIW) £2300  Under standing orders, the Circuit must meet its financial obligations in relation to the support of its ministers and the upkeep of manses. The total cost for last year was £161,260 including the salaries and related costs of the lay workers but excluding the costs in relation to the Early Intervention Worker. The total expenditure for the circuit including payments to the District and Connexion, grants and other general expenditure was £256,400  The Circuit Model Trust Fund at year end Aug 2019 was £129,106. This fund derives from the sale of chapels and manses and is restricted by the Conference of the Methodist church. This restriction is an internal regulation though the funds can be used for a variety of purposes but with an emphasis on mission rather than maintenance. ## **3. Reserves Policy** The charities commission have agreed that it is appropriate for the trustees to set a policy for the management of this fund and that policy is set out below:  Our policy is to hold at least 6 months expenditure relating to the Minister, Manses and Lay worker direct costs. Based on last year’s accounts this equals £161,260/2=£80,630 plus 6 months expenditure relating to the Children and Families Ministry Enabler 9,000/2=£4,500, making a total of £85,130.  Our policy is to hold funds to meet commitments to Lay Workers (Mission Staff) on Fixed Term Contracts. There are currently two posts meeting this criterion: Post Contract end date Financial Commitment Youth Work Team Leader 31/08/2021 59,000 Youth Support Worker 31/08/2020 4,500 Total commitment to fixed term mission projects 63,500  We are required therefore to hold 85,130+63,500 = £148,630. Funds held in the general account satisfy this criterion, with £14,830 remaining.  Money held at year end 31st Aug 19 in the Circuit Model Trust Fund has been earmarked by the trustees for the following purposes: o £27,000 to cover the direct costs of employing a Child and Families Ministry Enabler from January 2020 to December 2022. 20 o £20,000 to cover the direct costs of Circuit Youth Worker to 31st August 2021 o The remaining £82,000 (as of 31st Aug 19 and excluding repayment of loans) is held in reserve pending the decision of the Circuit Meeting. The Circuit appreciates the importance of the youth and workers and is seeking to extend the current contracts. The current unallocated fund if used to extend the contracts would be fully used in 15 months ## _**Designated Funds**_ In accordance with the Circuit Budget for 2019#20, £7K was set aside for the upkeep and maintenance of the Manses. Maintenance expenditure on each of the 3 manses during the year was as follows: Holly Lane £ 504 Westminster Drive £1312 Kirfield Drive £5716 TOTAL £7532 £3543 was carried over from 2018#19, and £36 interest gained, leaving a remaining balance of £3,047 to be carried over into 2020#21. £7K from 2020#21 funds will be set aside for upkeep and maintenance. The Circuit currently holds the bulk of the designated manse funds in the CFB Manse Account and a working amount in the Co-op Current Account. Manse related transactions and the balance of designated manse funds are recorded separately in the finance software. ## _**Restricted Funds**_ The Circuit is holding the following restricted funds at the end of the year: |Fund|OB|Income|Expenditure|Balance at EOY| |---|---|---|---|---| |Connexional Funds|57.60|4345|4412.60|0| |Circuit Service donations|0|0|0|0| |Youth Worker DAF grant|0|6000|6000|0| |EIW grants|17256.45|7500|9706.78|15049.67| The balance of the EIW funds will be carried forward into 2020#21 in anticipation of Phase 2 of the Early Intervention Worker Project ## _**Bank Accounts**_ The Circuit continues to hold the bulk of its funds in the CFB General and Manse accounts. Balances on 31[st] August 2020 are as follows: Co-op Current: £20129.99 CFB General: £177,686.01 CFB Manse: £6214.02 The Circuit also holds circa £126K in the TMCP account. Current Funds in Natwest General and Manse accounts were transferred in November 2019 to a single account with the Co-op Bank. In accordance with the requirements of the Methodist Connexion, internet transactions on this account will be subject to the same dual authorisation as cheque transactions. 21 ## _**Financial Performance against budget**_ |**Circuit Budget 2019/20**||||||| |---|---|---|---|---|---|---| |**Income**|**Fy20b**|**Fy20a**||**Expenditure**|**Fy20b**|**FY20a**| ||**£**|**£**|||**£**|**£**| |**Assessments***||||**Ministerial**||| |Barwell|26000|26000||Stipends|76420|77215| |Burbage|23900|23900||Pensions|20556|20100| |Earl Shilton|20200|20200||National Insurance|6971|7125| |Higham|3000|3000||Travel|3000|1961| |Hinckley|51500|51500||Telephone|2200|1602| |Newbold Verdon|20900|20900||P & S Ministers|600|445| |Sapcote|22700|22700||Apprenticeship levy|360|392| |Sharnford|5000|5000||**sub total**|110107|108840| |Stapleton|2300|2300||**Layworkers**||| |Stoke Golding|10400|10400||Local Pastor Expenses|1150|936| |Stoney Stanton|3300|3300||Youth Workers'Salaries|39653|46703| |* figures adjusted for Sept assessmentspd. In Aug||||Youth Workers'Expenses|5000|2748| |Adjustment||-2825||Early Intervention Worker|27345|9707| |||||Administrator / Treasurer|10000|9817| |**sub total**|189200|186375||Layworker training|1500|434| |||||Apprenticeship levy|360|392| |**Interest**|810|1334||**sub total**|85008|70737| |CFB Accounts|800|1316||**Manses**||| |Trust|10|18||Maintenance|7000|7758| |||||Council Tax|5850|6213| |**Grants & other funding**|34345|14500||Water Rates|2200|1966| |District YW|6000|6000||Insurance|1300|1233| |Earl Shilton loan repayment|1000|1000||Quinquenia|300|0| |EarlyIntervention Worker|27345|7500||**sub total**|16650|17170| |||||**Administration**||| |**Misc**|1750|37204||Printing|1500|1681| |Office Printing|900|666||Office Phone/Heating|600|538| |Collections||475||P & S Circuit Office+Other|250|1333| |Prayer Books||0||**sub total**|2350|3552| |Donations||25215.00||||| |Connexional Fund||4345||**Assessments**|43961|43961| |Circuit Services|350|0||**Grants and Donations**||| |Easter Offering||0||Gifts||625| |Quinquennial||0||||| |Circuit Event||0||**sub total**|0|625| |Sundry|500|6503||||| |||||**Circuit Misc**||| |**Reserves**|38000|0||Travel(Circuit Volunteers)|650|236| |||||Travel (Visiting Minister )|700|462| |General Reserve (YW)|29000|0||Computers for Ministers||495| |TMCP Account (C & F ME)|9000|0||Supernumery ministers||| |||||Conference papers|300|252| |||||Prayer Books/member tickets|
100|200| |||||Minister relocation Allowanc|e
600|| |||||Minister's removal fees|2500|| |||||Payroll Fee/Bank Charge|600|480| |||||Circuit Web Site|150|92| |||||Sundry|400|159.18| |||||Connexional Funds||4403| |||||Temporary accomodation||3100| |||||**sub total**|6000|9879| |**TOTAL**|**264105**|**239413**||**TOTAL**|**264076**|**254764**| 22 ## _**Future Financial forecast**_ At the March 2018 Circuit Meeting, the managing trustees presented a 5year budget forecast in the “worst case scenario”. - 5 Year Forecast 2019 - 2023 **----- Start of picture text -----**
Fy21b Fy22b Fy23b Fy24b Fy25b
£ £ £ £ £
Income 192010 191800 187600 187400 187200
Expenditure 242982 250865 256080 265275 270590
Shortfall -50972 -59065 -68480 -77875 -83390
**----- End of picture text -----**
The forecast predicts a shortfall due mainly to: - A predicted decrease in the amount of Circuit Assessment which can be expected from the Churches - A predicted increase in the circuit contribution to the District Assessment - Predicted increases in employment costs The forecast will be closely monitored. The Circuit acknowledges that the reserves are not “bottomless” and will examine our expenses for possible reductions. ## _**Acknowledgments**_ I would like to thank the Circuit Leadership Team for their support and help to facilitate the move to the Co-op bank. I would also like to thank all the Trustees for your co-operation in this endeavour. ## _**Christine Bacon Circuit Treasurer September 2020**_ 23 The Hinckley Methodist Circuit (charity registration number 11343821 FINANCIAL STATEMENT For the year ending 31st August 2020 Prepared for the Hinckley Circuit Meetin8 held on 17th September 2020 Name of Circuit-. Hinckley Q"Icuit ND".23111 Statement of Financial Activities {SOFA) for the year ended 31 August 2020 Notes lo the Genwal F￿) Tfttst F￿$ acCOL￿ts IUNp5trthJl lilryesirthl {￿￿eSt￿l Restricted Endowmth F￿d8 Toial 201&20 Income 1 Donat￿n5 and kgocies 2 from n¥Jn8tary hives¢ments 3 1￿me frcth Investrnant K*(4)ertle$ 4 A$86$$m¢nts on Churthes 5 Copftal Re￿￿15 e Gr8ws r•¢olv¢d 7 Ofvr dwIllab￿ 8 Totsl incom• 25215 25.215 2,412 186,375 13.5CQ 13.5C 7,172 235,674 7,172 214.095 1.079 13,5(￿) ExpondltUTg 9 Gfant5 dorFalthS 10 Salarie5 aTrY asswated c£4ts tl Propoty rnoinl8naT 12 COn￿X￿nal ass•ssmerrt & M£￿•1 trust 13 0lstn.ct A8se$$m¢rrt & L•vy 14 D&p￿t￿￿on 15 offi¢* expenses 16 Olhgr outgoiros 17 Totsl chadt•bl• •xp•ndtturn 18 G•kn611￿Mes1 on monetsry n¥•slm8nts 19 G81n51lk¢8sesl on man88 resa* v81u88 20 N•t In¢om•ll•xp•ndltur•l 21 Tr8n$lors tyolwn fvros 22 As8ossmenis red kn *fv•nc• 23 EMI grant recd Aug 2019 24 Sept 5tt4nd pd in a¢Yva￿a 24 Pl•t mov•m•nt In fvnd• 25 Total lund$ brought lorward 265 Total funds t8rrl¢d btw•td 150 1S8.240 12,72fj 1&441 171,681 20,270 3.955 43.961 4,575 9,508 254,158 226.636 4.213 15,765 11S.(Q) 102,459 115,000 96,316 -&134 4265 1025 2.825 15,000 237 114.S78 1,086.366 1.200.944 15.QfyJ 237 105,621 951.401 1,056.922 .3,134 129.lt 125,972 12.735 2.314 15.049 Name of Ctrwit.. Hinckley Circuit No.'23117 Statement of Financial Activities {SOFA) for the year ended 31 August 2019 CrcL41 &WeJ Des¥nated Fmds Rgstrthd En(kn￿Dent Tolal 201&19 Incomo 1 Oonations gnd Waes 2 Income frem nxsntsryinvestrnen 3 IncMiÉ from ￿Yes1[￿e￿I PTopertsBs 4 Ass¢$$met)1$ on Cl¥Jrches 5 C8piloI Rfjcelpt5 6 GrBnts receiv¢d 7 Other Charitab￿ IrKom8 8 Total Inc 3,744 1.327 13 2,433 185.0SD 192,050 2,￿0 39,350 2,208 241.845 39.350 190.645 1.093 7.013 43,094 Expandlture 9 Grqnts and donalions 10 s8￿r￿ a5socJaled costs 11 ProFefty meint•n8r 12 Ccnnexlonal a&￿8$MO￿ & m¢￿1 trust 13 D*51rka Asses$monl & L 14 DeweoJti 15 01ft¢• oxpenstrs 16 Otherovwngs 17 Totsl ch•ilt•bk• •xp•ndhur• 18 Gainsll1088•81 on rnon818ry lThesiffrt8 19 Ga￿&1[￿$55•5I on mans¢ val*8 20 N•t In¢om•ll•xp•ndhurnl 21 Transf¢r8 ts0￿0n lurts 22 A55e$smn15 recd In ad¥anc• 23 EIW 9rbrf recl Aug 2D19 24 Sept 8Wnd pd h odva 24 N•1 mov•m•nt In fund• 15 Totsl fvnd$ brou8htforwarLI 165Tot•l fvftds ¢•ffl•d I0￿rd 3.68T 35,193 3.717 173,958 14,438 41,204 7,350 9213 37.084 4.120 11.161 207,￿ 345 39,225 11,771 2S6,341 4.385 5.225 4292 1.718 .14,496 -3.5 -2,850 -19.71? 971,113 951A01 .3.292 132.398 1211.106 1.788 1,757 .20,846 1.107.213 1,086.367 1.945 2.314 Name of &￿Int.. HirKIkny Cli¢vil NO- 2Jlll Balance Sheet as at 31 August 2020 rot*v 201W TOLI IW19 Fw Fur41B FLY•dAs*•lD O.D C4vr•rn*JK•l• IWSIS¢pi $t*¢nd• b thE CATCU TK4CP )thin¢•l .91 8.917 115.972 12S.972 103.k 20.1JO 129,100 210.082 C•rttr4 Fin•w 162.817 2J.113 0214 4.21J 12&•7 J57.1 37.97 GraDts p 15.fnD 37.¥75 IX922 37.•76 124•72 J01.X8 1.056. toni t¢rm114bllll*s dut iiier more than on• 1.OW,•ZI 124•72 J,ODi Èund••lih•Ckc¥* Fund IUNwL(vJ*dl I,Q66. 12G.Bn 951.491 12P.1( 3.tyji IMI,D52 15.04 AODt 1404 Q"rcuit Treasw The Hlnckley Methodlst Clrcult Notes to the accounts for the year endlng 31st August 2020 I BASIS OF ACCOUNTING AND ACCOUNTING poiiaES ACCOUNTING STANDARD The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective from 1st January 20151- Charities SORP IFRS 1021). PUBLIC BENEFIT ENTIT The Hinckley Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or tran5artion value unle55 Otherwise stated in the relevant accountin8 policy notelsl below. BASIS These accounts have been prepared on the basis of historical cost except thal investments are shown at their market value at the end of the year. The atcrua15 basis has been used and trustees present accounts that show a true and falr vlew of the Clrcuit's financial positlon and activities. Iv CONTENT The financlal 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. GOING CONCERN Based on the monetary assets and human resource5 available at 31" August 2020, the trustees believe that the Circult 15 a goin8 concern vi CONSOLIDATION The Circult has denominational regulatory oversight In respect of the work of the Churches wlthin the Clrcult but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of Churches within the Circuit are not consolldated into these financial statements. INCOME RECOGNITION Income is brought into account when thefe Is entltlemenrt and the amount is reliably measurable once it is more likely than not that the economic benefit of the income will be forthcomin8. Individljal amounts cate8orised as Other Income in the SOFA will be shown separately if they are consldered material The Clrcult acts as agent in the matter of the collectk)n from Churches an(1 payment over of thelr contributrions to varlous funds controlled and administered by the Methodist Church - "Connexional Funds" In this matter the transactions are not reflected in the SOFA because they are the income of the Connexlon. Instead ihe transactions are disclosed in the Notes to ihe Acrounls a5 required by 50RP IFRS1021. module 19.12 In accordance with the Charities SORP IFRS 1021. the time of volunteers is not recognised. Further information on this matter is included in the Tru5tees' Annual Report. If goods are donated, a value will be Shown in the SOFA or Note5 where the value is considered material. The Hinckley Methodist Circuit Notes to the accounts for the year ending 31st August 2020 EXPENDITURE This is recognised whep) a liability 15 incurred, or a constructive obliBation arises. where the amount is reliablv measurable and it is considered more likely thari not that there will be an outnow of economic benefit. GRANTS Grants made by the Circuit from its own funds are recoEnised in full 3t the time of agreement to m8ke a grant without performance conditions or as and vA)en the fjr¢urt accepts that there is a legal or operational obli8ation to make the payment if it is subject to performance cond6tlOn5. When the grant to be accrued ss recurrent ovei more han one year the balance payable in future years. dtscounted to net present volue where the difference is material, is trÈatèd as a provision for future commitments in the balance Sheet against the appropriate fund. the provision beln8 released in future years in accordance with the originally 38reed tÈmis. In cases where the grant has been charged to one fund but for ease of payment has been transferred io another fund any future payment Provision is applied tothe fund from which the grant will ultimately be paid. VAT Since the Circuit Is not VAT registered, all input VAT Is charged wlth the expenses to which it refers. xi TANGIBLE FIXED ASSETS These are capitslised if thèy can be used for more that one yeaf. and indlvidually cost at least £250. The freehold residential property is shown in the accounts at deemed historical c051 representing each property's net sale prl¢e as at 1st September 20209, based on a fair resale value usln8 propèrty pfices from ri8htmove.com. No depreciatlon is provided because the trustees consider the Cufrent residential value of the property in its present condition to be not less than its historical cost and, In the absence of any evidence of impalmient, any depieclation provision lor the buldin8s Compment of the property would be immaterial From time to time the Orcuit may be required to assume responslbility for Church premises following closure and cessation of worship. This results in the Circuit becomlng Managing Trustees for ihe property. At that time the property is reco8nised as an asset at its anticipated net sale price as deiefmined by a prtofes5ional valuation and after taklng Snto consrderation the leby to be tharged by the Connexion. Any expendlture on such a55ets. if held for reinvestment of the proceed5, a5 Ihe trustee5 determine, that is likely to enhance sale value Is capitalised at the tlme the expendlture is it)curred. Where the pr¢xeed5 are intended to be spent on activities. the property Is included in current assets at the lower of cost and relisable value. MONETARY INVESTMENTS The Circuit's investments are In monetary assets classified as financial instruments under FRS 102 and are held by the Trustee5 fur Methodist Church Purpose5 ITMCPI as custodlan trustees. The valuations, at market value, are ihose providèd by TMCP. INVESTMENT PROPERTY From time to time the Circuit may hold resldentlal property Ifomierly man5esl which is surplus to tts normal staffin8 requirement5. Where this is the case and it is anticlpated that the property is unllkely to be used as a manse within a period of two years, the property is classified as Invesiment Property Iwheiher let ¢)ut or not) and any lets are at market rates unless there is a compelltnB Teason not to do so in fUrthe[art￿ of the Cir¢uit'5 charitable oblectives. There are no such cases in thls year. The Hindcley Methodist Circuit Notes to the accounts for the year ending 315t August 2020 RECEIVABLES AND PAYABLES: BANK AND CASH IBASIC FINANCIAL INSTRUMENTS) Debtors are stated at the amount owed to the Circuit or prepaid. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms appty, or the amount advanced to the Circuit. Subsequently creditors that are current liabilities are measured at the cash or other consideralion expetted to be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable value5. xiv LOANS AS BASIC FINANCIAL INSTRUMJENTS Where concessionary loans {ie. free of interest) are made to lor received byl the Circuit to lurther its charitable purposes, and are repayable after more than one year, they are initially re¢ogni5ed at the amount paid lor receivedl, with the carrying value adjusted in subsequent years to reflect repayments arid any accrued interest, adjusted for any impairment. if necessary. Where there is objective evidence of impairment. an immediate impairment loss is recognised in the SOFA. Subsequent reversals of an impairment loss that objectively relate to an event occuring after the impairment loss was recognlsed, are recognised immediately in the SOFA. Where loans require the calculation of a discounted cash flow valuatlon, this will be so marked. METHODIST CONNEXIONAL FUNDS The Methodist Church Connexion raises assessments a8ainst Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District quarterly remlts to the Methodist Church Fund most of the sum received from Circuits. A small sum is retained by the District to meet Its own costs. The Circuit may act as a8ent for od hoc collections for various funds controlled and admlnlstered by The Methodist Church. These are detailed in note 3:A,F below. FUNDS The trustees have adopted a policy for all unrestricted reserves which is attached as a seperate document. xv ENDOWMENT FUNDS Where the Circult holds money that may not be spent and must be retained las capital) to 8enerate an Income the money or assets to be retained are classified as an Endowment Fund. The capital will be shown in the balance sheet in the column for endowment funds. The income may be restricted or unrestricted dependin8 upon the terms of the endowment. MINISTERS, MANSE COSTS The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Clrcult bears the cost of repairs. maintenance, buildings insurance. Council Tax and water charges. These flgures are not seperately disclosed a5 benefits-in-kind for ministers as HMRC does not seek to tax these recelpts in the hands of ministers. Hlnckley Methodist fjrcuit Notes to the accounts for the year endln8 31st August 2020 GLOSSARY OF TERMS CFB: Centr31 Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled ionvestmeni funds for Methodist entities in Great Britain and provides investment advice to those entities Church.. a group of members from fewerthan 10 to more than 3 Clrcult: a group of Methodist Churches near each other. typically between 10 and 30 Clrcuit Meetlng: The Trustees of the Circuit, most of whom are oppoinled by their local Churches and others by virtue of a role they undertake for ihe Circuit andlor their local Churche5 CLT (Circuit Leadership Team); A group (comprising mostly, but not exclusÈvelyl of Circuit trustees responsible for the day to day administration and policy formulation of the Circuit. Generally the CLT comprises the Presbyters and Deacons stationed within the Circuit, the Circuit Stewards and Circuii Bursar (who is noi a trustee) CMTF: Circuit Model TTUSt Fund Connexlon: The Methodist Church in GB which includes the Head Office at Methodist Church House. all Methodist Districts, Circuits and Churches in Great Britain Connexlonal Funds: The Designated and/or Restricted Fund5 held and administered by the Connexion in furtherance of Its charltable and mission obje¢tlves CPD.. The Constitution, Practice and Discipline of the Methodist Church District: a group of contiguous Circuits. usually between 15 and 30 DAF: District Advance Fund FRS: Financial Reporting Standard HMRC: Her Majesty's Revenue and Customs Lay Employees.. Personnel employed by the CircuSt on generally accepted commercial employment terms Pre$b￿erS {Includlng Superlntendent): Probatloner or Ordained Methodist Minister5 and/or Deacons who have pastoral and adminSstratlve responsibility for the Churches Within the Circuit SOFA: Statement of Financial Activities SORP: Statement of Recommended Practice TMCP: Tru5tee5 for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust property, includin8 Le8acies, Endowments and Accumulated Funds Hinckley Methodist fjrcuit Notes to the accounts lor the year endlng 31st August 2020 Notes to the Accounts 3 INCOME EXPENDITURE Oonations & Le¥xles Connexional Fund5. Methodist Homes. Rev Hampton leaving gift. Circuit SeNices Private donations Grants and Donatlons Connexional Funds. Methodist Homes. Rev Hampton leaving 8ift• Contribution to Sharnlord TOTAL 4,345. 4,345.00 475.(Kl 475.00 150.00 4.970.00 25,215.(M) 30.035.00 TOTAL ' itlOudEd inKc4XAItS Salarfes & Assoc. costs Stipends & assoc costs stipend adjustment. Salaries & assoc costs Apprenticeship levv TOTAL Income from monetary In￿stments CFB Interest TMCP interest Trust interest TOTAL 104,935.62 -237.35 65,961.86 783.36 171.443.49 Sept stipends are paid in Au8USt Office Ewrts•s Photocopier costs Heat & Light PostaBe/Stètionery Phone/B'band Website Equipment Hire sundry Professional fees Membership tickèts Books TOTAL 1,315.66 1.079.70 17.69 2A13.05 Ass•Mm•nts on Chyrthe$12018•191 Barnvell 26LKIO. Burba8e 24025.fK) Earl Shilton 19975.00 Hi8ham 30(KI.LKI Hinckley 51200.1KJ Newbold Verdon 21c￿XI.(rf] Sapcote 22450.th) Sharnford 37SO.C Stapleton 23CV.(KI Stoke Goldin8 102Lh).(J) Stoney Stanton 2475.(L) TOTAL Fy19 Ass pd Au8 19 Fy20 Ass.pd Au8 20 Isee note BS41 776.73 163.66 138.S8 373.52 91.74 903.76 49.98 1,624.00 2(￿. 252.50 4,574A7 186.375.(Y) 40800.LK) -37.975.00 189,200.1 CPD & Conference Minutes Other OUt￿n8$ Lotal Pastor expenses preaching vouth & famil￿5 ministry travel Imintstersl p&s tèlephone Iministersl Travel Ivolunieersl misc 935.53 462.43 3,448.02 1,961.34 445.16 1,602.07 235.60 159.18 9,249.33 Grants ftecel¥éd DAF Youth Worker 6rant Early Intervention Worker TOTAL 6,0￿.[mI 7.500. 13.51x1.00 Oth•r Incom• Office Income Iphotocopyin8> Manse Phone/B'band*• Salary Contrib- Hinckley Sundry TOTAL 666.39 TOTAL 340.1 5,639.40 523.82 7.169.61 contributions from the Ministers to cover personal olls plus the cost of enhance(I broadband packa8e Hinckley MC contribution to Children & Families Ministry Enabler salary Gain in resale value of Manses as Valued by www.zoopla.£o.uk ** Hinckley Methodist arcult Notes to the accounts for the year endlng 315t August 20ZO Notes to the Accounts 4- Balance Sheet BSI Flxed Assets Resale value 1st Sept 2019 1st Sept 2020 330K 390K 230K 260K 225K 250K 785K 9(K)K Gain in resale value - 115K The value ofthe manses is deemed to be each property's net sale price as at 1st September 2020, based on a falr resale value using property prices from zoopla.co.uk. See also note J above Manses Westminster Dr Kirfield drive Holly Lane BS2 Stipends were paid to 3 full tlme Presbyters throughout the year. Ministers stipends are pald one month in advance, September stipend is paid in August BS3 Current Assets opening balance Nat West General (Currentl 8262 Nat West Manse (Currentl 1036 Current Total$ 9298 closing balance (Co-op Generall 23343 General Funds -3213 Manse Funds Idesi8natedl 20130 CF8 General (Deposlt) CFB Manse (Deposit) CFB Totals 213972 2507 216479 225777 177686 6214 183900 204030 TOTAI Balance 31st Au8 2020 BS4 ASSESSMENTS ON CHURCHES The Circuit comprlses of 11 Churches and each is assessed for a contrlbutlon to meet the overall net COSt5 of the Clrcult. In making its Assessment budgeted income from investment income and conflrmed external grants 15 taken into account. The Circuit aims to cover all it5 net core costs from the Assessment. An assessment on Churches is annually determlned by the Circult usin8 a formulaic method which takes into account the relative number of members in each church and it5 relatlve Income (after deduction of certain actual and notional expenses). Assessments on churches are quarterly in advance and are treated as pre-payments on a receivable basis. If any church has not paid its assessment by the due date the sum in question is treated as a creditor, B55 The clrcuit employs lay staff involved in both Administration and Mission work. The costs of these staff are shown in G above. No employees received employee benefits of more than £60,OC(J. There is no accrual for holiday pay as it is immaterial; the holiday year end5 on 31st August. All staff are paid at or above the living wage. A 8rant froffl the DAF of £61XMJ was received towards the employment cost of the Youthwork Team Leader. Local Grant5 are received to cover the full employment cost of the Early Intervention Worker. Some of these grants were received by the Circuit in FY 2018#19 to cover expenses in FY 2019#20 856 Manse funds are allocated as designated funds. Monies are not restricted but have been set aside for manse maintenance expenses BS7 Restrlded Funds Early Intervention Worker funding remaining as of 31st August 2020 Name of Circuit Declarations and Scrutiny I confimi that these accruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Circuit and Ihat they include all funds under the control of the Circuit meeting. Signature of treasurer . Date... Name and address of treasurer ..¥m.rs.. OinsF ..£. . Post Code. ￿_ ￿ 08 Presentatlon lo thè Clrcult meetlng I conflrm that the annual report and accounts for the year ended 31 August 2020 werelwill be. presented to the Circuit meeting held on . Jil. 0.9 |.a. Signature of the Chair of the meeting Name of the Chair of the meeting Date . Independent Examiner's Report to the Trustees of the Clrcult Charity Number .i.13.4..1? Rosponslbllltles and basls of report I report to the trustees on my examination of accounts of the . Circuit for the year ended 31 August 2020 set out on pages . lo As the Circuit's trustees, you are responsible for the preparation of Ihe accounls in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under sectton 145(5)(b) of the Act. delete or circle as appropriate Name of Circuil ..14IA CkLh.y N.fr. i.uop.IST No............ Independent Examinerfs Statement rrhe Circuit's gross income exceeded £250.000 and l am qualified to undertake the examination by being a qualified member of (insert name of applicable listed body)]. Delete [ ] rfnot applicable. cIM4. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination that in, any material Trspect: which give me cause to belleve the accounting records were not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records; or the accounts do not comply with the applicable requirements conceming the fomi and content of accounls s81 out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢￿UnIS give a 'true and fairf view, which is not a matter considered as part of an independeni examination Delele rfnol applicable ie all R&P accounts the trustees, annual report is rK>t consistent with the accounts Delete if not applicable ie all R&P accounts. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enab58 a proper understanding of the accounts to be reached. I havelkaY&yel' obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of Independent examiner Relevant professional qualification of independent examiner Name of firyn (where appropriate) Address Post Code Date ..11...11...2020 delete or Gircle as appropriate September 2020 The Hinckley Methodist Circuit (charity registration number 11343821 FINANCIAL STATEMENT For the year ending 31st August 2020 Prepared for the Hinckley Circuit Meetin8 held on 17th September 2020 Name of Circuit-. Hinckley Q"Icuit ND".23111 Statement of Financial Activities {SOFA) for the year ended 31 August 2020 Notes lo the Genwal F￿) Tfttst F￿$ acCOL￿ts IUNp5trthJl lilryesirthl {￿￿eSt￿l Restricted Endowmth F￿d8 Toial 201&20 Income 1 Donat￿n5 and kgocies 2 from n¥Jn8tary hives¢ments 3 1￿me frcth Investrnant K*(4)ertle$ 4 A$86$$m¢nts on Churthes 5 Copftal Re￿￿15 e Gr8ws r•¢olv¢d 7 Ofvr dwIllab￿ 8 Totsl incom• 25215 25.215 2,412 186,375 13.5CQ 13.5C 7,172 235,674 7,172 214.095 1.079 13,5(￿) ExpondltUTg 9 Gfant5 dorFalthS 10 Salarie5 aTrY asswated c£4ts tl Propoty rnoinl8naT 12 COn￿X￿nal ass•ssmerrt & M£￿•1 trust 13 0lstn.ct A8se$$m¢rrt & L•vy 14 D&p￿t￿￿on 15 offi¢* expenses 16 Olhgr outgoiros 17 Totsl chadt•bl• •xp•ndtturn 18 G•kn611￿Mes1 on monetsry n¥•slm8nts 19 G81n51lk¢8sesl on man88 resa* v81u88 20 N•t In¢om•ll•xp•ndltur•l 21 Tr8n$lors tyolwn fvros 22 As8ossmenis red kn *fv•nc• 23 EMI grant recd Aug 2019 24 Sept 5tt4nd pd in a¢Yva￿a 24 Pl•t mov•m•nt In fvnd• 25 Total lund$ brought lorward 265 Total funds t8rrl¢d btw•td 150 1S8.240 12,72fj 1&441 171,681 20,270 3.955 43.961 4,575 9,508 254,158 226.636 4.213 15,765 11S.(Q) 102,459 115,000 96,316 -&134 4265 1025 2.825 15,000 237 114.S78 1,086.366 1.200.944 15.QfyJ 237 105,621 951.401 1,056.922 .3,134 129.lt 125,972 12.735 2.314 15.049 Name of Ctrwit.. Hinckley Circuit No.'23117 Statement of Financial Activities {SOFA) for the year ended 31 August 2019 CrcL41 &WeJ Des¥nated Fmds Rgstrthd En(kn￿Dent Tolal 201&19 Incomo 1 Oonations gnd Waes 2 Income frem nxsntsryinvestrnen 3 IncMiÉ from ￿Yes1[￿e￿I PTopertsBs 4 Ass¢$$met)1$ on Cl¥Jrches 5 C8piloI Rfjcelpt5 6 GrBnts receiv¢d 7 Other Charitab￿ IrKom8 8 Total Inc 3,744 1.327 13 2,433 185.0SD 192,050 2,￿0 39,350 2,208 241.845 39.350 190.645 1.093 7.013 43,094 Expandlture 9 Grqnts and donalions 10 s8￿r￿ a5socJaled costs 11 ProFefty meint•n8r 12 Ccnnexlonal a&￿8$MO￿ & m¢￿1 trust 13 D*51rka Asses$monl & L 14 DeweoJti 15 01ft¢• oxpenstrs 16 Otherovwngs 17 Totsl ch•ilt•bk• •xp•ndhur• 18 Gainsll1088•81 on rnon818ry lThesiffrt8 19 Ga￿&1[￿$55•5I on mans¢ val*8 20 N•t In¢om•ll•xp•ndhurnl 21 Transf¢r8 ts0￿0n lurts 22 A55e$smn15 recd In ad¥anc• 23 EIW 9rbrf recl Aug 2D19 24 Sept 8Wnd pd h odva 24 N•1 mov•m•nt In fund• 15 Totsl fvnd$ brou8htforwarLI 165Tot•l fvftds ¢•ffl•d I0￿rd 3.68T 35,193 3.717 173,958 14,438 41,204 7,350 9213 37.084 4.120 11.161 207,￿ 345 39,225 11,771 2S6,341 4.385 5.225 4292 1.718 .14,496 -3.5 -2,850 -19.71? 971,113 951A01 .3.292 132.398 1211.106 1.788 1,757 .20,846 1.107.213 1,086.367 1.945 2.314 Name of &￿Int.. HirKIkny Cli¢vil NO- 2Jlll Balance Sheet as at 31 August 2020 rot*v 201W TOLI IW19 Fw Fur41B FLY•dAs*•lD O.D C4vr•rn*JK•l• IWSIS¢pi $t*¢nd• b thE CATCU TK4CP )thin¢•l .91 8.917 115.972 12S.972 103.k 20.1JO 129,100 210.082 C•rttr4 Fin•w 162.817 2J.113 0214 4.21J 12&•7 J57.1 37.97 GraDts p 15.fnD 37.¥75 IX922 37.•76 124•72 J01.X8 1.056. toni t¢rm114bllll*s dut iiier more than on• 1.OW,•ZI 124•72 J,ODi Èund••lih•Ckc¥* Fund IUNwL(vJ*dl I,Q66. 12G.Bn 951.491 12P.1( 3.tyji IMI,D52 15.04 AODt 1404 Q"rcuit Treasw The Hlnckley Methodlst Clrcult Notes to the accounts for the year endlng 31st August 2020 I BASIS OF ACCOUNTING AND ACCOUNTING poiiaES ACCOUNTING STANDARD The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective from 1st January 20151- Charities SORP IFRS 1021). PUBLIC BENEFIT ENTIT The Hinckley Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or tran5artion value unle55 Otherwise stated in the relevant accountin8 policy notelsl below. BASIS These accounts have been prepared on the basis of historical cost except thal investments are shown at their market value at the end of the year. The atcrua15 basis has been used and trustees present accounts that show a true and falr vlew of the Clrcuit's financial positlon and activities. Iv CONTENT The financlal 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. GOING CONCERN Based on the monetary assets and human resource5 available at 31" August 2020, the trustees believe that the Circult 15 a goin8 concern vi CONSOLIDATION The Circult has denominational regulatory oversight In respect of the work of the Churches wlthin the Clrcult but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of Churches within the Circuit are not consolldated into these financial statements. INCOME RECOGNITION Income is brought into account when thefe Is entltlemenrt and the amount is reliably measurable once it is more likely than not that the economic benefit of the income will be forthcomin8. Individljal amounts cate8orised as Other Income in the SOFA will be shown separately if they are consldered material The Clrcult acts as agent in the matter of the collectk)n from Churches an(1 payment over of thelr contributrions to varlous funds controlled and administered by the Methodist Church - "Connexional Funds" In this matter the transactions are not reflected in the SOFA because they are the income of the Connexlon. Instead ihe transactions are disclosed in the Notes to ihe Acrounls a5 required by 50RP IFRS1021. module 19.12 In accordance with the Charities SORP IFRS 1021. the time of volunteers is not recognised. Further information on this matter is included in the Tru5tees' Annual Report. If goods are donated, a value will be Shown in the SOFA or Note5 where the value is considered material. The Hinckley Methodist Circuit Notes to the accounts for the year ending 31st August 2020 EXPENDITURE This is recognised whep) a liability 15 incurred, or a constructive obliBation arises. where the amount is reliablv measurable and it is considered more likely thari not that there will be an outnow of economic benefit. GRANTS Grants made by the Circuit from its own funds are recoEnised in full 3t the time of agreement to m8ke a grant without performance conditions or as and vA)en the fjr¢urt accepts that there is a legal or operational obli8ation to make the payment if it is subject to performance cond6tlOn5. When the grant to be accrued ss recurrent ovei more han one year the balance payable in future years. dtscounted to net present volue where the difference is material, is trÈatèd as a provision for future commitments in the balance Sheet against the appropriate fund. the provision beln8 released in future years in accordance with the originally 38reed tÈmis. In cases where the grant has been charged to one fund but for ease of payment has been transferred io another fund any future payment Provision is applied tothe fund from which the grant will ultimately be paid. VAT Since the Circuit Is not VAT registered, all input VAT Is charged wlth the expenses to which it refers. xi TANGIBLE FIXED ASSETS These are capitslised if thèy can be used for more that one yeaf. and indlvidually cost at least £250. The freehold residential property is shown in the accounts at deemed historical c051 representing each property's net sale prl¢e as at 1st September 20209, based on a fair resale value usln8 propèrty pfices from ri8htmove.com. No depreciatlon is provided because the trustees consider the Cufrent residential value of the property in its present condition to be not less than its historical cost and, In the absence of any evidence of impalmient, any depieclation provision lor the buldin8s Compment of the property would be immaterial From time to time the Orcuit may be required to assume responslbility for Church premises following closure and cessation of worship. This results in the Circuit becomlng Managing Trustees for ihe property. At that time the property is reco8nised as an asset at its anticipated net sale price as deiefmined by a prtofes5ional valuation and after taklng Snto consrderation the leby to be tharged by the Connexion. Any expendlture on such a55ets. if held for reinvestment of the proceed5, a5 Ihe trustee5 determine, that is likely to enhance sale value Is capitalised at the tlme the expendlture is it)curred. Where the pr¢xeed5 are intended to be spent on activities. the property Is included in current assets at the lower of cost and relisable value. MONETARY INVESTMENTS The Circuit's investments are In monetary assets classified as financial instruments under FRS 102 and are held by the Trustee5 fur Methodist Church Purpose5 ITMCPI as custodlan trustees. The valuations, at market value, are ihose providèd by TMCP. INVESTMENT PROPERTY From time to time the Circuit may hold resldentlal property Ifomierly man5esl which is surplus to tts normal staffin8 requirement5. Where this is the case and it is anticlpated that the property is unllkely to be used as a manse within a period of two years, the property is classified as Invesiment Property Iwheiher let ¢)ut or not) and any lets are at market rates unless there is a compelltnB Teason not to do so in fUrthe[art￿ of the Cir¢uit'5 charitable oblectives. There are no such cases in thls year. The Hindcley Methodist Circuit Notes to the accounts for the year ending 315t August 2020 RECEIVABLES AND PAYABLES: BANK AND CASH IBASIC FINANCIAL INSTRUMENTS) Debtors are stated at the amount owed to the Circuit or prepaid. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms appty, or the amount advanced to the Circuit. Subsequently creditors that are current liabilities are measured at the cash or other consideralion expetted to be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable value5. xiv LOANS AS BASIC FINANCIAL INSTRUMJENTS Where concessionary loans {ie. free of interest) are made to lor received byl the Circuit to lurther its charitable purposes, and are repayable after more than one year, they are initially re¢ogni5ed at the amount paid lor receivedl, with the carrying value adjusted in subsequent years to reflect repayments arid any accrued interest, adjusted for any impairment. if necessary. Where there is objective evidence of impairment. an immediate impairment loss is recognised in the SOFA. Subsequent reversals of an impairment loss that objectively relate to an event occuring after the impairment loss was recognlsed, are recognised immediately in the SOFA. Where loans require the calculation of a discounted cash flow valuatlon, this will be so marked. METHODIST CONNEXIONAL FUNDS The Methodist Church Connexion raises assessments a8ainst Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District quarterly remlts to the Methodist Church Fund most of the sum received from Circuits. A small sum is retained by the District to meet Its own costs. The Circuit may act as a8ent for od hoc collections for various funds controlled and admlnlstered by The Methodist Church. These are detailed in note 3:A,F below. FUNDS The trustees have adopted a policy for all unrestricted reserves which is attached as a seperate document. xv ENDOWMENT FUNDS Where the Circult holds money that may not be spent and must be retained las capital) to 8enerate an Income the money or assets to be retained are classified as an Endowment Fund. The capital will be shown in the balance sheet in the column for endowment funds. The income may be restricted or unrestricted dependin8 upon the terms of the endowment. MINISTERS, MANSE COSTS The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Clrcult bears the cost of repairs. maintenance, buildings insurance. Council Tax and water charges. These flgures are not seperately disclosed a5 benefits-in-kind for ministers as HMRC does not seek to tax these recelpts in the hands of ministers. Hlnckley Methodist fjrcuit Notes to the accounts for the year endln8 31st August 2020 GLOSSARY OF TERMS CFB: Centr31 Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled ionvestmeni funds for Methodist entities in Great Britain and provides investment advice to those entities Church.. a group of members from fewerthan 10 to more than 3 Clrcult: a group of Methodist Churches near each other. typically between 10 and 30 Clrcuit Meetlng: The Trustees of the Circuit, most of whom are oppoinled by their local Churches and others by virtue of a role they undertake for ihe Circuit andlor their local Churche5 CLT (Circuit Leadership Team); A group (comprising mostly, but not exclusÈvelyl of Circuit trustees responsible for the day to day administration and policy formulation of the Circuit. Generally the CLT comprises the Presbyters and Deacons stationed within the Circuit, the Circuit Stewards and Circuii Bursar (who is noi a trustee) CMTF: Circuit Model TTUSt Fund Connexlon: The Methodist Church in GB which includes the Head Office at Methodist Church House. all Methodist Districts, Circuits and Churches in Great Britain Connexlonal Funds: The Designated and/or Restricted Fund5 held and administered by the Connexion in furtherance of Its charltable and mission obje¢tlves CPD.. The Constitution, Practice and Discipline of the Methodist Church District: a group of contiguous Circuits. usually between 15 and 30 DAF: District Advance Fund FRS: Financial Reporting Standard HMRC: Her Majesty's Revenue and Customs Lay Employees.. Personnel employed by the CircuSt on generally accepted commercial employment terms Pre$b￿erS {Includlng Superlntendent): Probatloner or Ordained Methodist Minister5 and/or Deacons who have pastoral and adminSstratlve responsibility for the Churches Within the Circuit SOFA: Statement of Financial Activities SORP: Statement of Recommended Practice TMCP: Tru5tee5 for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust property, includin8 Le8acies, Endowments and Accumulated Funds Hinckley Methodist fjrcuit Notes to the accounts lor the year endlng 31st August 2020 Notes to the Accounts 3 INCOME EXPENDITURE Oonations & Le¥xles Connexional Fund5. Methodist Homes. Rev Hampton leaving gift. Circuit SeNices Private donations Grants and Donatlons Connexional Funds. Methodist Homes. Rev Hampton leaving 8ift• Contribution to Sharnlord TOTAL 4,345. 4,345.00 475.(Kl 475.00 150.00 4.970.00 25,215.(M) 30.035.00 TOTAL ' itlOudEd inKc4XAItS Salarfes & Assoc. costs Stipends & assoc costs stipend adjustment. Salaries & assoc costs Apprenticeship levv TOTAL Income from monetary In￿stments CFB Interest TMCP interest Trust interest TOTAL 104,935.62 -237.35 65,961.86 783.36 171.443.49 Sept stipends are paid in Au8USt Office Ewrts•s Photocopier costs Heat & Light PostaBe/Stètionery Phone/B'band Website Equipment Hire sundry Professional fees Membership tickèts Books TOTAL 1,315.66 1.079.70 17.69 2A13.05 Ass•Mm•nts on Chyrthe$12018•191 Barnvell 26LKIO. Burba8e 24025.fK) Earl Shilton 19975.00 Hi8ham 30(KI.LKI Hinckley 51200.1KJ Newbold Verdon 21c￿XI.(rf] Sapcote 22450.th) Sharnford 37SO.C Stapleton 23CV.(KI Stoke Goldin8 102Lh).(J) Stoney Stanton 2475.(L) TOTAL Fy19 Ass pd Au8 19 Fy20 Ass.pd Au8 20 Isee note BS41 776.73 163.66 138.S8 373.52 91.74 903.76 49.98 1,624.00 2(￿. 252.50 4,574A7 186.375.(Y) 40800.LK) -37.975.00 189,200.1 CPD & Conference Minutes Other OUt￿n8$ Lotal Pastor expenses preaching vouth & famil￿5 ministry travel Imintstersl p&s tèlephone Iministersl Travel Ivolunieersl misc 935.53 462.43 3,448.02 1,961.34 445.16 1,602.07 235.60 159.18 9,249.33 Grants ftecel¥éd DAF Youth Worker 6rant Early Intervention Worker TOTAL 6,0￿.[mI 7.500. 13.51x1.00 Oth•r Incom• Office Income Iphotocopyin8> Manse Phone/B'band*• Salary Contrib- Hinckley Sundry TOTAL 666.39 TOTAL 340.1 5,639.40 523.82 7.169.61 contributions from the Ministers to cover personal olls plus the cost of enhance(I broadband packa8e Hinckley MC contribution to Children & Families Ministry Enabler salary Gain in resale value of Manses as Valued by www.zoopla.£o.uk ** Hinckley Methodist arcult Notes to the accounts for the year endlng 315t August 20ZO Notes to the Accounts 4- Balance Sheet BSI Flxed Assets Resale value 1st Sept 2019 1st Sept 2020 330K 390K 230K 260K 225K 250K 785K 9(K)K Gain in resale value - 115K The value ofthe manses is deemed to be each property's net sale price as at 1st September 2020, based on a falr resale value using property prices from zoopla.co.uk. See also note J above Manses Westminster Dr Kirfield drive Holly Lane BS2 Stipends were paid to 3 full tlme Presbyters throughout the year. Ministers stipends are pald one month in advance, September stipend is paid in August BS3 Current Assets opening balance Nat West General (Currentl 8262 Nat West Manse (Currentl 1036 Current Total$ 9298 closing balance (Co-op Generall 23343 General Funds -3213 Manse Funds Idesi8natedl 20130 CF8 General (Deposlt) CFB Manse (Deposit) CFB Totals 213972 2507 216479 225777 177686 6214 183900 204030 TOTAI Balance 31st Au8 2020 BS4 ASSESSMENTS ON CHURCHES The Circuit comprlses of 11 Churches and each is assessed for a contrlbutlon to meet the overall net COSt5 of the Clrcult. In making its Assessment budgeted income from investment income and conflrmed external grants 15 taken into account. The Circuit aims to cover all it5 net core costs from the Assessment. An assessment on Churches is annually determlned by the Circult usin8 a formulaic method which takes into account the relative number of members in each church and it5 relatlve Income (after deduction of certain actual and notional expenses). Assessments on churches are quarterly in advance and are treated as pre-payments on a receivable basis. If any church has not paid its assessment by the due date the sum in question is treated as a creditor, B55 The clrcuit employs lay staff involved in both Administration and Mission work. The costs of these staff are shown in G above. No employees received employee benefits of more than £60,OC(J. There is no accrual for holiday pay as it is immaterial; the holiday year end5 on 31st August. All staff are paid at or above the living wage. A 8rant froffl the DAF of £61XMJ was received towards the employment cost of the Youthwork Team Leader. Local Grant5 are received to cover the full employment cost of the Early Intervention Worker. Some of these grants were received by the Circuit in FY 2018#19 to cover expenses in FY 2019#20 856 Manse funds are allocated as designated funds. Monies are not restricted but have been set aside for manse maintenance expenses BS7 Restrlded Funds Early Intervention Worker funding remaining as of 31st August 2020 Name of Circuit Declarations and Scrutiny I confimi that these accruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Circuit and Ihat they include all funds under the control of the Circuit meeting. Signature of treasurer . Date... Name and address of treasurer ..¥m.rs.. OinsF ..£. . Post Code. ￿_ ￿ 08 Presentatlon lo thè Clrcult meetlng I conflrm that the annual report and accounts for the year ended 31 August 2020 werelwill be. presented to the Circuit meeting held on . Jil. 0.9 |.a. Signature of the Chair of the meeting Name of the Chair of the meeting Date . Independent Examiner's Report to the Trustees of the Clrcult Charity Number .i.13.4..1? Rosponslbllltles and basls of report I report to the trustees on my examination of accounts of the . Circuit for the year ended 31 August 2020 set out on pages . lo As the Circuit's trustees, you are responsible for the preparation of Ihe accounls in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under sectton 145(5)(b) of the Act. delete or circle as appropriate Name of Circuil ..14IA CkLh.y N.fr. i.uop.IST No............ Independent Examinerfs Statement rrhe Circuit's gross income exceeded £250.000 and l am qualified to undertake the examination by being a qualified member of (insert name of applicable listed body)]. Delete [ ] rfnot applicable. cIM4. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination that in, any material Trspect: which give me cause to belleve the accounting records were not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records; or the accounts do not comply with the applicable requirements conceming the fomi and content of accounls s81 out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢￿UnIS give a 'true and fairf view, which is not a matter considered as part of an independeni examination Delele rfnol applicable ie all R&P accounts the trustees, annual report is rK>t consistent with the accounts Delete if not applicable ie all R&P accounts. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enab58 a proper understanding of the accounts to be reached. I havelkaY&yel' obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of Independent examiner Relevant professional qualification of independent examiner Name of firyn (where appropriate) Address Post Code Date ..11...11...2020 delete or Gircle as appropriate September 2020