|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||
##
##
##
##
##
##
##