| CONTENTS | Pages | |||
|---|---|---|---|---|
| Trustees' | Report | |||
| Trustees | and Administrative | Details | ||
| Independent Examiner's |
Report | |||
| Finanoal, | Accounts and | Notes |
| Ju(ie Hi(( | ||||||
|---|---|---|---|---|---|---|
| Diana O'Nei(t | resigned | L September | 2021 | |||
| Maureen Crll.l.ey |
||||||
| Sue Farre(( | not a trustee | |||||
| Moutsham | Lodge | Martyn Edwards |
||||
| Robert Griffin | ||||||
| Gl,enda Griffin | ||||||
| Ctive Pickett | ||||||
| North Springfiel. d-St Augustine' s | J Doug(as Hayton | |||||
| Parnela Scarnrne(( | ||||||
| Carotyn Smith | not a trustee | |||||
| South Woodham | Ferrers | David Carter | ||||
| Judith Radhey | ||||||
| Tricia Tutin | ||||||
| Lynda Speak | ||||||
| Trinity | Edward Cassels | resigned | 1 September | 2621 | ||
| Roger Faire(ough | ||||||
| Pam French | resigned | ) September | 2021 | |||
| Git(lan Harrington | ||||||
| Carot Kettingray | ||||||
| Sheil.a Mukumba | ||||||
| Nige( Murre(( | ||||||
| Sheridan Pengetty |
||||||
| Vfitham | Janis Croom | |||||
| Michae( Thompson | ||||||
| Revd. Otufemi Cote-Njie |
| Circuit | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | General | Model Trust |
Design'd | ||||||
| tothe | Fund | Fund | Restrict | Endowme | Total | ||||
| ace'ts | Unrest*d | unrest*d | Unrest d | ed Fund | nt Funds | 202'I-22 | |||
| Income | |||||||||
| Income from monetary | |||||||||
| investments | 137 | 1 204 | 1 982 | ||||||
| Income from investment | |||||||||
| ro erties | 15,477 | 15,477 | |||||||
| Assessments on Churches |
184 | 446 | 184446 | ||||||
| Grants received | 9 500 | ||||||||
| Other charitable income |
2 | 254 | 2,254 | ||||||
| Total income | 202,314 | 1,204 | 0 | 9,500 | 641 | 213,659 | |||
| E enditure |
|||||||||
| Grants and donations | |||||||||
| Sal.aries and associated | costs | 10 | 126 | 582 | 12 176 | 'l38 758 | |||
| Property maintenance |
Rother | ||||||||
| costs | 12 | 29,063 | 29,063 | ||||||
| District Assessment B. I |
e | 13 | 44 | 492 | 113517 | 158009 | |||
| Office ex enses 8:resources | 4 | 491 | 4 925 | ||||||
| Other out oin s | 1,058 | 1,284 | |||||||
| Total charitable ex enditure | 205,686 | 'I 'I3,668 | 0 | 12,610 | 75 | 332,039 | |||
| Gains/(losses) on monetary |
|||||||||
| investments | -528 | -'I,660 | -2,188 | ||||||
| Capitallsation ofproperty |
|||||||||
| im rovement |
|||||||||
| Net income/ ex enditure | -3 | 372 | -112992 | 0 | -3 110 | -1 094 | -120 568 | ||
| Transfers between funds |
566 | -I03 000 | 103,000 | -566 | |||||
| Other ains |
0 | 339,304 | 339,304 | ||||||
| Net movement in funds |
-2 | 80& | 123312 | 103000 | -3 110 | -1 660 | 218 736 | ||
| Total funds brou ht forward |
'I 631 | 922 | 53 004 | 0 | 9425 | 26 O'I8 | 1 720 769 | ||
| Total funds carried forward | 1,629 | 11& | 176,316 | 103000 | 6 315 | 24 758 | 1 939 505 |
| Notes tothe |
General Fund |
Circuit Model Trust Fund |
Design'd Funds |
Restricted | Restricted | Endowment | Endowment | Total | |
|---|---|---|---|---|---|---|---|---|---|
| acc'ts | Unrest'd | Unrestricted | Unrest'd | Fund | Funds | 2020-21 | |||
| Income | |||||||||
| Income from monetary | |||||||||
| investments | 37 | 281 | 412 | 730 | |||||
| Income from investment | |||||||||
| ro erties | 16,900 | 16,900 | |||||||
| Assessments on Churches |
184,'l27 | 184,127 | |||||||
| Grants received | 3 000 | ||||||||
| Other charitabl. e income | 2,944 | 2,944 | |||||||
| Total income | 204,0D8 | 3,000 | 412 | ZD7,701 | |||||
| Ex enditure | |||||||||
| Grants and donations | |||||||||
| Salaries and associated costs | 137,82'I | 138316 | |||||||
| Property maintenance Gt other |
|||||||||
| costs | 22,676 | 22,676 | |||||||
| District Assessment 8 Le | 13 | 47,332 | 1 321 | 48,653 | |||||
| Office ex enses 6resources | 5 612 | 952 | 6 564 | ||||||
| Other out oin s | 855 | 1,005 | |||||||
| Total charitable e enditure |
214,295 | 1,427 | 1,447 | 45 | 217,214 | ||||
| Gains/(tosses) on monetary |
|||||||||
| investments | 4 | 097 | 5 401 | ||||||
| Capitalisation of property |
|||||||||
| im rovement | 40,950 | 40,950 | |||||||
| Net incomef ex enditure | 30,663 | 1 | 553 | 4 | 464 | 36,838 | |||
| Transfers between funds |
367 | -367 | |||||||
| Net movement in funds |
31,030 | 7,872 | 4 | 097 | 36,838 | ||||
| Total, funds brou ht forward | 1 600 892 | 52 846 | 22,321 | 1,683 931 | |||||
| Total funds carried forward | 1,631,922 | 53,004 | 9,425 | 26,418 | 1,720,769 |
| General | Circuit | Designated | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | lhode! Trust | Funds | Rest'd | Endow | |||||||
| Notes | Unrest'd | Unrest'd | unrest'd | Fund | Funds | Total 2022 | Total 2021 | ||||
| Fixed Assets | |||||||||||
| Circuit Manses | 17 | 1,250,000 | 1,250,000 | 1,250,000 | |||||||
| Investment Properties |
282 250 | 282. 250 | 282 250 | ||||||||
| Total Fixed Assets | 'l 532 250 | 0 | 0 | 0 | 1 532 250 | 'l 532 250 | |||||
| Current Assets | |||||||||||
| Investments with TMCP |
18 | 176,316 | 24,758 | 201,074 | 79,422 | ||||||
| Debtors & Prepayments | 19 | 12,964 | 12,964 | 11,934 | |||||||
| Cash at Bank | 20 | 85 652 | 103000 | 6 315 | 194967 | 98 638 | |||||
| Total | Current Assets | 98 616 | 176316 | 103000 | 6 315 | 24 758 | 409 005 | 189994 | |||
| Current Liabilities |
|||||||||||
| Creditors (due in under i |
year) | 21 | 1 ?50 | 'i 750 | 1 475 | ||||||
| Total Current | Liabilities | 1 750 | 0 | 0 | 0 | 1 750 | 1 475 | ||||
| Net | Current Assets | 96866 | 176,316 | 103000 | 6 3'f | 5 | 24 758 | 407 255 | 188 519 | ||
| Total assets less current | liabilities | 1 629 116 | 176 316 | 103000 | 6 315 | 24 758 | 1 939 505 | 'l 720 769 | |||
| Long term liabilities | (due | after | |||||||||
| more than i year) | 0 | 0 | |||||||||
| Net assets | 1 629 116 | 176316 | 103000 | 6 315 | 24 758 | 1 939 505 | 1 720 769 | ||||
| Funds ofthe Circuit | |||||||||||
| General Fund (Unrestricted) |
22-24 | 1,629,116 | 1,629,116 | 1,631,922 | |||||||
| General Fund (Allocated) |
22-24 | 103,000 | 103,000 | 0 | |||||||
| CMTF (Unrestricted) | 22-24 | 176 316 | 176 316 | 53 004 | |||||||
| Total Unrestricted Funds |
1 629 116 | 176 316 | 103000 | 0 | 0 | 1,908432 | 1 684 926 | ||||
| Restricted Funds |
22-24 | 6,315 | 6,315 | 9&425 | |||||||
| Endowment Funds |
22-24 | 24 758 | 24 758 | 26 418 | |||||||
| Total Funds | 1 629 116 | 176,316 | 103000 | 6 315 | 24 758 | 1 939 505 | 1 720 769 | ||||
| The notes on pages | 18to31form | part of | these accounts |
| Note 4 | Glossary ofterms | Glossary ofterms | Glossary ofterms | Glossary ofterms | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CFB: | Central Finance Board ofthe Methodist Church manages a Common Deposit Fund |
and a series | of | |||||||
| pooled | investment | funds for the Methodist Church in Great Britain and provides investment |
advice | to | ||||||
| those entities. | ||||||||||
| Church: | a group of members relating to a specific Church |
|||||||||
| Circuit: | a group ofMethodist Churches near each other, and overseen jointly |
|||||||||
| Circuit | Meeting: | The trustees ofthe Circuit, most of whom are appointed | by their local, Churches | and | ||||||
| others by virtue ofa rote they undertake for the Circuit andlor their local Churches. |
||||||||||
| CLT {Circuit Leadership Team): A group {comprising mostty, but not exctusivety) of Circuit trustees |
||||||||||
| responsible for the day to day administration and pohcy formulation |
ofthe Circuit. | |||||||||
| Generally the Cl.Tcomprises the Presbyters {Ministers) and lay staff |
stationed | within | ||||||||
| the Circuit, the Circuit Stewards and the Circuit Treasurer |
||||||||||
| Circuit Model Trust Fund | ||||||||||
| The Methodist Church in Great Britain which includes the |
Head Office | at Methodist | ||||||||
| Church House, att Methodist Districts, Circuits and Churches in Great Britain. |
||||||||||
| Connexionat | Funds: The designated andlor Restricted Funds held and administered by |
the Connexion | in | |||||||
| furtherance ofits charitable and mission objectives. |
||||||||||
| CPF | Connexional Priority Fund |
|||||||||
| District: | a group of contiguous Circuits hnked geographically. |
|||||||||
| DAF: | District Advance Fund |
|||||||||
| FRS: | Financiat reporting Standard |
|||||||||
| KMRC: | Her Majesty's Revenue and Customs |
|||||||||
| Lay Employees: | Personnel emptoyed by the Circuit on generally accepted |
commercial | ernployrnent | |||||||
| terms. | ||||||||||
| MMPS: | Methodist Ministers' Pension Scheme |
|||||||||
| NEST: | Pensions and Assurance Scheme for Lay Employees ofthe |
Chetmsford | Methodist | |||||||
| Church | ||||||||||
| Presbyters | {including Superintendent): Probationer or Ordained Methodist |
Ministers | who have pastoral | |||||||
| and administrative responsibility for the Churches within |
the Circuit | |||||||||
| Statement of Financial Activities | ||||||||||
| Statement of Recommended Practice |
||||||||||
| Trustees for Methodist Church Purposes, the legal owner and Custodian |
Trustee of | all | ||||||||
| Methodist Modet Trust property, inci.uding Legacies, Endowments and |
Accumulated | |||||||||
| Funds |
| 1 AUGUST 20 | 22 | 22 | ||
|---|---|---|---|---|
| Note 6Assessment | or share | General Fund | General Fund | |
| (continued) | (unrestricted) | (unrestricted) | ||
| 2021/22 | 2020/21 | |||
| Broomfield | 18,664 | 18,115 | ||
| Christ Church, Braintree |
(LEP) | 7,200 | 7,200 | |
| Christ Church, Coggeshall |
(LEP} | 800 | 904 | |
| The Church at Great | Notley {LEP) | 1,440 | 1,841 | |
| Hall, Street, Chelmsford | 4,800 | 4,800 | ||
| Halstead | 5,500 | 5,500 | ||
| Hatfield Peverel | 3,268 | 3,268 | ||
| Maldon | 17,397 | 17,397 | ||
| Moulsham Lodge |
34,054 | 34,054 | ||
| South Vfoodham Ferrers |
11,875 | 12,000 | ||
| St Augustine, Springfield |
(LEP) | 2,796 | 2,396 | |
| Trinity, Chelmsford | 63,582 | 63,582 | ||
| Witham | 13070 | 'l3 0?0 | ||
| Total | 184446 | 184 'l27 |
| ote 7G | rants 8:Donations r | eceived | ||
|---|---|---|---|---|
| Restricted | ||||
| Fund | ||||
| 2021/22 | 2021/22 | |||
| DAF-for | Schools 8Family Worker | |||
| project | 9 500 | |||
| Total | 9 500 | |||
| Restricted | ||||
| Fund | Total | |||
| 2020/21 | 2020/21 | |||
| Garfield | Weston Foundation | -for | ||
| Schools | 8Family V/orker Project | 3,000 | 3,000 | |
| Total | 3 OOO | 3 OOO |
| 31 AUGUST 20 ote 8 Other |
22 charitable income |
||
|---|---|---|---|
| General Fund | General Fund | ||
| (unrestricted) | (unrestricted) | ||
| 2021/22 | 2020/21 | ||
| Solar energy rebate | 2,084 | 2,477 | |
| CJRS Cavid support | grant | 46? | |
| HSBC Compensation | 150 | ||
| Donation | 20 | ||
| Total | 2254 | 2944 |
| General Fund | Restricted | ||
|---|---|---|---|
| (unrestricted | Fund | Total | |
| 2021/22 | 2021/22 | ||
| Stipends 8,salaries | |||
| Stipends-Ministers | 80,568 | 80,568 | |
| Salaries -Lay worker & admin | 7,514 | 11,40? | 18,921 |
| Employers*pension contributions |
20,840 | 20,$40 | |
| Employers' N l contributions |
7,642 | 8,099 | |
| Apprenticeship levy |
532 | 532 | |
| Supernumerary fees |
1,150 | 1,150 | |
| Professional fees-admin contract |
5 400 | 5 400 | |
| Total stipends Etsalaries costs |
123,646 | 135,510 | |
| Associated costs | |||
| Ministers* travel | 2,286 | 2,286 | |
| Lay employees' travel |
170 | 482 | |
| Payroll fees | 480 | 480 | |
| Total associated costs | 2,936 | 312 | 3,248 |
| Total stipends, salaries 8 |
|||
| associated costs | 126 582 | 138,758 |
| ote 14 | Offi | ce | expenses and reso | urces | ||||
|---|---|---|---|---|---|---|---|---|
| General Fund | Restricted | |||||||
| (unrestricted) | Fund | Total | ||||||
| 2021/22 | 2021/22 | 2021/22 | ||||||
| Telephone | 6 internet | 2,060 | 2,060 | |||||
| Printing, | postage | &stationery | 1,399 | 1,399 | ||||
| iT & video | equipment | costs | 191 | 191 | ||||
| Use ofoffice | 500 | 500 | ||||||
| Preaching | 8 sundry | resources | 341 | 434 | 775 | |||
| Total | 4 491 | 434 | 4 | 925 |
| Note 14 | Office | expenses | and re | sources {continued) | sources {continued) | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| General Fund | Restricted | |||||||||
| {unrestricted) | Fund | Total | ||||||||
| 2020/21 | 2020/21 | 2020/21 | ||||||||
| Telephone | & | internet | 1,931 | 1,931 | ||||||
| Printing, | postage R | stationery | 1,'l41 | 1,141 | ||||||
| lTcosts | 1,498 | 1,498 | ||||||||
| Use ofoffice | 500 | 500 | ||||||||
| Preaching | 8 sundry | resources | 542 | 1,494 | ||||||
| Total | 952 | |||||||||
| Note 15 | Other | outgoings | ||||||||
| General | Fund | CMTF Fund | Endowment | |||||||
| {unrestricted) | {unrestricted) | Fund | Total | Total | ||||||
| 1021/22 | 2021/22 | 202'fl21 | 2021l22 | 2020/21 | ||||||
| Bank Charges | 63 | 63 | ||||||||
| Advert | 245 | 245 | ||||||||
| Gif'ts 8 sundries | 135 | |||||||||
| Independent | ||||||||||
| examiner*s | fee | 750 | 720 | |||||||
| TCMP admin. | fee | 150 | ||||||||
| Total | 1 058 | 151 | 1 | 284 | 1 005 |
| ote 17 | Fixed Assets-Ma | nses and Other |
Properties | |||
|---|---|---|---|---|---|---|
| Manse | PAanse | investment | ||||
| Land | buildings | property | Total | Total | ||
| Z021lZZ | 2021/ZZ | ZOZ1/ZZ | 2020l21 | 2020/21 | ||
| Balance brought forward | 510,000 | 740,000 | 282,250 | 1,532,250 | 1,491,300 | |
| Revaluation | of investment | |||||
| property | 40,950 | |||||
| Disposals | ||||||
| Balance carried forward | 510,000 | 740 000 | 282,250 | 1,532,250 | 1,532 250 |
| Year end valuation | ?0?1/22 | 20?N'?2 | ?020/21 | ?020/21 | ?020/21 | ||
|---|---|---|---|---|---|---|---|
| CMTF fund | Endowment | fund | CMTF fund | Endowment | fund | ||
| Common investment | funds | 7,876 | 24,758 | 8,404 | 26,418 | ||
| Trustees'Interest Fund |
168440 | 44 600 | |||||
| Total | 176316 | 24 758 | 53 004 | 26 418 |
| 0nrealis | Balances as | Balances as | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balances as | Expendi- | Transfe | ed Gains | Reahsed | at | |||||||
| at 31/08/21 income ture |
rs | Gains | 31/08/2022 | |||||||||
| General | Fund | 1,631,92Z | ZQZ,314 -205,686 |
'f,629,116 | ||||||||
| CNTF | 53,004 | 1,204 -113,668 |
103,000 | 339,304 | 176,316 | |||||||
| Designated | 103,000 | 103,000 | ||||||||||
| Restricted | 9,425 | 9,5QQ | -12,610 | 6,315 | ||||||||
| Endowment | 2,6418 | 641 | -75 | -566 | -1 660 | 24 758 | ||||||
| Total | 1 720 769 213659 -332,039 |
0 | -2,188 | 339,304 1 |
939 505 | |||||||
| The realised gain | off339,304are the net proceeds | ofthe | sale | ofHatfield Peverel | church. | |||||||
| Note 24 | Analysis ofnet assets between | funds | ||||||||||
| d bal.ances at | 31 | August are represented by: |
||||||||||
| General | CALTF | Designated | Total | |||||||||
| Fund | Fund | Restricted | Endo't | |||||||||
| (unrest'd) | (unrest'd) | Fund | Fund | |||||||||
| 2021/22 | 2021/22 | 2021/22 | 2021/22 | 2021/22 | 2021/22 | |||||||
| Tangible | fixed | |||||||||||
| assets | 1,532,25Q | 1,532,25Q | ||||||||||
| Current | assets | 98,616 | 176,316 | l03,000 | 6,315 | 24,758 | 409,005 | |||||
| Current | habilities | -1 750 | -1 75Q | |||||||||
| Net assets | 1 629 116 | 176316 | 103000 | 6 315 | 24 758 | 1 939,505 | ||||||
| General | CNTF | Designated | Total | |||||||||
| Fund | Fund | Restricted | Endo't | |||||||||
| (unrest'd} | (unrest'd} | Fund | Fund | |||||||||
| 2020/2'l | 2020/21 | 2020/21 | 2020/21 | 2020/2'l | 2020/2, 1 | |||||||
| Tangible | fixed | |||||||||||
| assets | 1,532,25Q | 1,53Z,Z5Q | ||||||||||
| Current | assets | 101,147 | 53,004 | 9,425 | 26,418 | 189,994 | ||||||
| Current | liabilities | (1,475 | (1,475 | |||||||||
| Net assets | 9 425 | 2,6 418 | 1 720769 |