THE MtrHODIST CHURCH - CHELMSFORD CIRCUIT
Circuit No 34109
FINANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED 31 AUGUST 2024
Registered Charity Number 1134390
The Methodist Church - Chelmsford Circuit is part of the
Bedfordshire, Essex & Hertfordshire District of the Methodist Church
Circuit reference 34109

CONTENTS
Pages
Trustees, Report
2-10
Trustees and Administrative Details
11-13
Independent Examiner's Report
14-16
Financial Accounts and Notes
17-34

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Trustees, Report
The Trustees of The Methodist Church-chelmsford Circuit are pleased to present their Annual Report and
Accounts for the Methodist year ended 31 August 2024.
Governing document and objertives
The Circuit is governed by the Methodist Church Act 1976, the deed of Union and the Model Trusts of the
Methodist Church.
The purposes of the Methodist Church are and shall be deemed to have been since the date of union the
advancement of - (a) the Christian faith in accordance with the doctrinal standards and the discipline of
the Methodist Church; (b) any charitable purpose for the time being of any Connexional district, circuit,
local or other organisation of the Methodist Church; {c) any charitable purpose for the time being of any
society or institution subsidiary or ancillary to the Methodist Church. (d) any purpose for the time being
of any charity being a charity subsidiary or ancillary to the Methodist Church
The Circuit has taken into account the Charity Commission's public benefit guidance on advancing a
Charity's aims when carrying out its range of activities. The trustees consider that these provide benefit
to those who worship in our Churches and to the wider community in the Circuit.
Mission Statement
The Circuit updated its Mission Statement in 2023. and continues to review and update it.
The Mission Statement for 2023124 is as follows:
"The calling of the Methodist Church is to respond to the good news of G￿l'S love in Christ and to live
out its discipleship in worship and mission"
In this, and in partnership with others wherever possible, Chelmsford Methodist Circuit will devote its
prayers, resources, encouragement, and commitments on this priority:
le sharin
God's love
rtin
God's Peo
Our vision is for a Christ-centred Circuit of vibrant. growing churches supporting each other in expressing
God's love and sharing it with others.
As ways towards realising this priority, the circuit will give attention to the following:
Underpinning everything we do with God-centred worship and prayer
Supporting community development and action for justice, especially among the most deprived
and poor - in Britain and worldwide
Making followers of Christ. Developing confidence in evangelism and in the capacity to speak of
God and faith in ways that make sense to all involved
Encouraging f resh ways of understanding church
Nurturing an inclusive church which cares for all.
Worshi
The church exists to increase awareness of God's presence and to celebrate God's love.
We will:
Offer to the communities around us safe places for worship and acceptance
Facilitate the worship of God in places other than our buildings {e.g. residential homes, new areas
of housing)
Help people grow a greater awareness of God's awesome presence, and to experience his love. at
all stages of life

THE MtrHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Mission Statement (continued)
Encourage and make available varied worship opportunities appropriate for people of all ages,
during the week as well as on Sundays
Encourage and support the use of technology in our churches to enable all to participate:
Support access for all to prayer resources.
Learnin
Help people to grow and leam as Christians.
We will:
Support churches and resource members in continuing to grow and delight in Christian discipleship
Support the training and development of our ordained and lay people including Local Preachers,
Worship Leaders and others
Encourage each other at all stages of the faith journey, through Bible study/fellowship/house
groups
Inform and inspire people to be passionate al)out justice, peace and integrity of creation
Provide opportunities for experience and learning about faith sharing
Support training required by the Connexion leg Safeguarding, EDI, Unconscious Bias)
Carin
& Service
The church exists to be a good neighbour to peq)le in need and challenge injustice.
We will:
Create safe communities characterised by hospitality, generosity, welcome. care, acceptance and
respect;
Provide prayerful, caring support for our Ministry and leadership
Inspire an outward looking focus to the life and service of the churches within the circuit
Use our influence to have an impact on issues of equality, diversity and inclusion both locally and
more widely
Encourage everyone to regard being active in service as part of their Christian life. and
find ways to witness to our faith through fulfilling needs in our communities and to do what we
can to support those in need in the wider world
Give generously, but with due thought and prayer, of time and money for God's work in the
church and in the world
Work for justice and peace
Support churches in caring for the environment in the local area, the nation and the wider world.
Evan
elism
The church exists to make more followers of Jesus Christ.
We will..
Guard against being apologetic for our faith
Provide more opportunities to explore the Bible and Christian faith, and the confidence to share it
with others
Engage in mission activities both inside and outside our buildings and to those we meet outside
the church in daily life
Use opportunities in community groups and at occasions such as baptlsms, weddings, funerals and
Christmas and Easter to share our faith
Work with other Christian churches to explore openings for evangelism in the community
Encourage people to be able to pray with and for those who are working for peace and hope.

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Mission Statement (continued)
To fulfil these priorities, as a circuit we will:
Support each of the circuit churches in producing new versions of their mission statements and
strategy that are Specific. Measurable. Achievable, Realistic and Timetabled (Sh14RT)
Encourage work that ls ecumen?cal, people-centred, flexible and innovative
Concentrate on the development of new visions and ways of being church relevant for the 21
century, through continued analysis of the circuit's resources of people, property and finance, and
use them in ways that will most effectively further the work of God and the circuit.
st
Churches within the Methodist Church-chelmsford Circuit
The Methodist Churches in the Circuit are Trinity, Moulsham Lodge and Broomfield, (all based in
Chelmsford), Hatfield Peverel, Maldon. Witham and Halstead. Also included are five Local
Ecumenical Partnerships in Braintree. Coggeshall, Great Notley, South Woodham Ferrers and North
Springfield. The Methodist Church in Hall Street, Chelmsford closed on 31 December 2023.
The Circuit acts as an umbrella organisation for these Churches and provides the staff to take services and
care for members. It provides training and support to members of the Churches for mission to the
communities around these Churches.
Organisational Structure
Overall control rests with the Methodist Conference. The Connexional office implements decisions made
by Conference and is also responsible for the stationing of Ministers to this Circuit. Connexional decisions
are passed to the Chair of the District and the appropriate Officers of the District for regional
implementation. This Circuit is part of the Bedfordshire, Essex and Hertfordshire District.
The District passes control down to Circuit level for local implementation by the Superintendent Minister,
supported by ministerial staff and Circuit stewards. Authority ls delegated to the Circuit Meeting for the
invitation to and appointment of Ministerial staff and lay employees. In addition to this, the Circuit meeting
is charged with the care and maintenance of Ministerial housing and the agreement of the Circuit financial
budget and the financial accounts. The Circuit meeting is also required to ensure all property and financial
reports of the individual Churches are received in a timely fashion. All members of the Circuit meeting are
Trustees to the Circuit and are listed at the end of this rerM)rt.
Report for the Year
Aims and objectives for 2023124
The main aims of the Circuit for 2023124 were as follows:
To complete the Stationing process for September 2024 and the review of resources.
To launch the Circuit mission statement and 5 year strategy with a 24 hour prayer event.
To set up a Circuit prayer group.
To support the churches in the Circuit to review their own mi55i0n Statement and 5 year strategy
by 31 August 2024.
To continue with pastoral care for our churches and the wider community.
To continue work towards becoming an Eco Circuit and to assist churches and members in making
relevant changes. To plan a Circuit wide Eco event for 2024.
To continue the work with the school in Hatfield Peverel and extend the work done with schools
and families when possible.

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Report for the Year (continued)
Aims and objectives for 2023124 (continued)
To establish a 5 year plan for manse management.
To continue to strive to provide a welcoming, safe and loving environment for all we come into
contact with.
Progress during 2023124
The Circuit mission statement and 5 year strategic plan for 2023-2028 continue to be reviewed and
updated following presentation of the first draft to the Circuit meeting in May 2023.
A Circuit prayer event took in May 2024 at Witham Methodist Church.
The Stationing Pr￿eSS for September 2024 was completed, with the appointment of Revd. Asif
Karam as a presbyter within the Chelmsford Section, from September 2024.
Most of the churches in the Circuit completed the review of their own mission statements during
2023124. Actions arising from these reviews will continue in 2024125 and subsequent years.
After prayerful consideration, the members of the church in Hall Street, Chelmsford, took the
decision to request permission to cease to meet. due to declining numbers. The church closed on
31 December 2023. The Circuit reviewed possible uses of the building, and decided that it should
be sold. The sale was completed in July 2024. The remaining 3 Methodist churches in Chelmsford
continue to discuss ways of working together more closely. Once a month, they meet together in
one of the 3 churches for a joint Sunday morning seThice. They also have a monthly Prayer Walk
together in Chelmsford.
The work with the school in Hatfield Peverel had to be suspended in Autumn 2023 following the
temporary closure of parts of the school due to building defects. The work was able to restart after
Easter 2024, led by Ria Allen, the Circuit Schools Worker.
In June 2024 Revd. Barry Allen organised a visit of the Counties evangelism organisation's 'Life
Exhibition,, a multi-media experience for primary school age children. This examines key stories
from the Gospels. Led by Revd. Barry & Ria Allen. and supported by volunteers from the local
churches, 2 days were spent at the school in Hatfield Peverel and 2 days at the church in South
Woodham Ferrers. All the pupils from years 3 to 6 were able to visit the exhibition.
In November 2022 the Circuit set up a designated fund for donations to offer assistance with housing
costs for refugees within the area of the Circuit, particularly those from Ukraine. The Circuit agreed
to match any donations received up to a limit of £5,lJ)O. During the year five grantslloans were
made.
The work on our environmental responsibilities has continued across the Circuit. Members of the
Circuit Leadership Team visited a church in Baildon, to see how they have improved the energy
efficiency of their buildings. We are currently working towards the A Rctha UK ECO Circuit award.
Of the 12 churches in the Circuit, 4 churches have the Silver Eco Award. 2 have the Bronze Eco
Award, and 3 are registered with the Eco scheme, working towards an award.
A new Circuit Safeguarding Officer wa5 appointed from september 2024.
Aims and objectives for 2024125
The main aims of the Circuit for 2024125 are as follows:
To review the Circuit staffing and complete the Stationing process for September 2025.
To review the Circuit's Reserves Policy and the allocation of resources.
To recruit new Circuit Stewards.

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Aims and objectives for 2024125 (continued)
To appoint a Circuit EDI (Equality, Diversity. Inclusion) representative.
To organise an annual Circuit prayer event.
To continue to l(X)k with enquiring eyes and prayerful hope at the circumstances of our churches,
their opportunities and challenges.
To continue with pastoral care for our churches and the wider community.
To continue work towards becoming an Eco Circuit and to assist Churches and members in making
relevant changes. To plan a Circuit wide Eco event for 2025.
To continue the work with the school in Hatfield Peverel and extend the work done with schools
and families when possible.
To establish a 5 year plan for manse management.
To continue to strive to provide a welcoming, safe and loving environment for all we come into
contact with.
Staffing
Revd. Mark Pengelly is the Circuit Superintendent and is responsible for the ministry of the Chelmsford
section and at Halstead. In September 2023, the Circuit confirmed the extension of the period of invitation
for Revd. Mark Pengelly, for a further 2 years from September 2024. However, in December 2024, Revd.
Mark confirmed that he will be taking up a new post with effect from the end of March 2025.
Revd. Barry Allen is responsible for the ministry of the Maldon Section. He is retiring at the end of August
2025.
Revd. Asif Karam joined the Circuit from 1 st September 2024, in the Chelmsford section.
Ria Allen is the Schools Worker for work in the school in Hatfield Peverel.
Karen Murrell is the Circu7t Administrator, based in Chelmsford.
Esther Burton resigned as Circuit Safeguarding Officer in January 2024. Barbara Daniels was appointed as
Circuit Safeguarding Officer in August 2024.
Alistair Jenkins was appointed as Finance Officer from mid September 2023, to undertake the detailed
accounting work and Janis Croom, one of the Clrcuit Stewards, was appointed as the Circuit Treasurer from
17 September 2023.
Training
Training for local preachers is on-going as part of the Lctal Preachers and Leaders of Worship quarterly
meetings. Representatives from the Circuit attended the District Synod in Spring 2024 and October 2024.
Members of the Circuit continue to attend District Training events. Circuit and Church stewards undertook
safeguarding and EDI (Equality, Diversity and Inclusion) training online or in person.
Support
Individual Circuit stewards attended Church Council meetings held throughout the year. They take note of
issues raised at these meetings and report back to the Leadership team. The Circuit offers encouragement
and advice to local Churches on the many and varied projects undertaken in their local communities. A
regular Circuit Newsletter is produced which has helped churches to share what they do and how they have
found new ways of reaching our local communities.
Ministers are supported by the Circuit Stewards personally and in terms of the properties they ￿Cupy.

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Risk Management
The major risks are kept under review by the Circuit Leadership Team. Income and expenditure is
monitored and compared with the approved annual budget.
Safeguarding
The Circuit has adopted the Connexional Safeguarding Policy. The Circuit is committed to providing
support, advice and training for lay and ordained people that will ensure they are clear and confident in
their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may
be vulnerable.
The provision of Safeguarding training is covered by the ongoing work of our Safeguarding Officer. Church
safeguarding officers have been attending training in person and online. Connexional guidance about best
practice for safeguarding during on line church activities has been adopted.
Financial Review
The Circuit is responsible for
The ministerial oversight and pastoral care of the thirteen local churches in the Circuit.
The support of a ministry team of 2 Presbyters (3 from September 2024) and 3 lay workers (pastoral
and administrative support).
Payment of the Circuit contribution to the District and Connexion, of which a significant part is
used to fund the work of the wider Methodist Church.
The maintenance of Circuit properties (3 manses & 1 investment property).
Under Standing Orders the Circuit must meet its financial obligations in relation to the support of its
ministers and the maintenance of the manses. In addition the Circuit has a financial obligation to the
District to meet a share of its budget.
The Circuit budget is reviewed annually and covers the costs of the above which are met by assessments
from each church towards their share of the total cost. In 2023124 the Circuit continued to cover part of
the annual costs from reserves, to mitigate the full cost of assessments for the churches wPK)se income had
been significantly reduced following the Covid pandemic.
The Circuit agreed to continue the Schools and Family Worker project for a further 3 years from 2022123-
to 2024125 from grants and from funds within the Circuit m￿￿el Trust Fund. Funds have been set aside in
a designated fund.
General Fund-unrestricted
The General Fund is avaiLable to be used for any or all of the purposes of the Circuit.
The purpose of this fund is:
1. To secure and sustain the Circuit's viability and future.
2. To give assurance to the general public that the Circuit, which is a charity, intends to use all the
money coming into its care for the purposes of the Charity.
3. To enable the Circuit to meet the objectives set out in its Mission Statement. This statement was
reviewed in 2024.
The total income of the General Fund in 2023124 wa5 £227.169 (2022123 £207,683) and costs were
£188,730 (2022123 £227,244). £649 (2022123 £660) was received from the Harriet Walker Endowment
Fund. £46,543 was transferred to the Circuit from the generat fund of Hall Street Methodist church on
closure of that church. After these two transfers, the net surplus was £85,632 {2022123 deficit £15,421).
The balance of the General Fund at 31 August 2024 was £1,699,326 (2023 £1,613,695>, of which
£1,532,250 {2023 £1 ,532,250) is the book value of the properties, leaving £167,076 {2023 £81 ,445) as free
reserves. The investment property is stated at current market valuation at the year end. In the opinion
of the trustees, due to the volatility in the property market caused by the cost of living crisis, there was
no change in the valuation at the end of the year.

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Financial Review (continued)
Circuft Model Trust Fund {CMTF)-unrestricted
This fund derives from sales of chapels and manses and is restricted by the Conference. This restriction is
an internal regulation though the fund can be used for a variety of purposes, and for the purposes of charity
accounting this is an unrestricted fund.
An annual levy is made on this fund to go to the District Advance Fund.
Income of the CMTF in 2023/24 was £8,514 (2022123 £5,488). In addition £254,464 was received from the
sale of former Methodist churches (see note 16). Costs this year were £6,282 {2022123 £6,818).
An unrealised gain on monetary investments of £583 was made (2022123: loss of E334).
The balance of the CMTF at 31 August 2024 is £423,451 12023 £166,172). The fund holds cash and
investments.
Deslgnated Fund-schools & Family Worker project
These are unrestricted funds that have been allocated for the purpose of employing a Family & Schools
worker for the three years from September 2022 (£103,000). These have been designated by the trustees
of the Circuit. This can only revert to general funds by the agreement of the same body. The fund has
not been utilised in 2022123 or 2023124 and remains at £103,000. In 2023124 the khools Worker was
unable to work with the school for 2 terms, as the school was closed and then operating in temporary
classrooms due to issues with the concrete used in the school buildings. In 2022123 the Circuit was
unable to recruit a Schools Worker until June 2023.
Restricted Fund-schools Worker project
The restricted fund represents the balance of grants of £9,500 received in 2021122 and £3,960 in 2023124,
from the District Advance Fund IDAFI.This grant is restricted to meeting the running costs of the Schools
Worker project in the Maldon section of the Circuit. The total income of the Restricted Fund in 2023124
was £3,960 (2022123 Nil) and costs were £4,169 (2022123 £1,868). The balance of the fund at 31 August
2024 is £4,333 {2023 £4,542).
Restricted & Designated Funds-Refugee Support
An appeal was made in 2022123 to raise funds to SUPPOrt Ukrainian and other refugees l7ving within the
Circuit with loans and one-off grants for housing costs. The donations received less grants made are held
in a restricted fund. Income received from donations & loan & grant repayments in 2023124 was £2,311
12022123 £8,126). Grants & loans made in 2023124 amounted to £7,053 (2022123 £1,715). The balance of
the fund at 31 August 2024 is £1,669 (2023: £6,411).
In 2022123 the trustees of the Circuit agreed to match any donations received up to a maximum of £5,000.
These funds are held in a designated fund, and were not utilised in 2023124. The balance of the designated
fund is £5,000.
Endowment Funds - Harriet Walker Charity
This is a permanent endowrnent with the capital invested through TMCP.
The income for 2023124 was £716 (2022123 £7301 and costs were £67 {2022123 £70). The net surplus of
£649 (2022123 £6601 was transferred to the General Fund. An unrealised gain on monetary investments of
£1,834 was made (2022123 decrease of £1,051).The value of the endowment fund at 31 August 2024 is
£25,541 (2023 £23,707).
Reserves Policies
General Fund-unrestricted
The Reserves Policy is to hold at least six months. expenditure to meet the District assessment and Circuit
manse expenditure. This assumes that churches in the Circuit will continue to meet their agreed
contributions to the Circuit Ministerial costs.

THE MtrHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Reserves Policies (continued)
Circuit Model Trust Fund-unrestricted
The Charity Commission have agreed that it is appropriate for the trustees to set a separate policy for the
management of this fund as follows:
Money held in the Circuit Model Trust Fund that has not been allocated to any specific purpose can be
retained for general Circuit purposes inclLKling property expenditure on the manses arising from
Quinquennial Inspection Reports.
Restricted Fund-schools & Family Worker project
This fund is to be used for the Schools & Family Worker project in the Maldon section of the Circuit. This
project commenced in October 2019. The Circuit Meeting agreed to continue and extend the project for a
further 3 years from September 2022. A successful application was made for District funding in 2023124.
Designated Fund-schools. family & community project
As described above, the Circuit agreed to continue and extend the Schools, Family and Community project
within the Maldon section for 3 years from September 202Z, subject to review. It was agreed to fund the
costs, net of grants, from the proceeds of sale of Hatfield Peverel church. As a result of this decision, in
2021122 funds were transferred from the Circuit Model Trust fund to a new designated fund, to cover the
budgeted cost of this project for 3 years.
Restricted & Designated Funds-Refugee Support
These funds are to be used to assist Ukrainian & other refugees living within the area of the Circuit with
the cost of deposits for rented housing or other one-off costs linked to moving into independent rented
accommodation. Funds received f rom external donations are held within a restricted fund.
Endowment Funds - Harriet Walker Charity
This is registered as a separate charity (charity registration number 222146), with trustees appointed by
the Circuit. The income is to be used for the l(Kal Methodist ministry covering the village of Great Totham
and is transferred to the General Fund for this purpose.
Trustees, Recruitment
Whilst the appointment of the Trustees is determined in accordance with the Methodist procedures, it is
the aim to ensure that the Leadership team have a broad experience to include pastoral, financial and
property matters. Training for Circuit stewards is available at District level.
Trustees, responsibilities
The trustees are required to prepare financial statements for each financial year which give a true and
fair view of the Circuit's financial activities during the year and of its financial position at the end of the
year.
In preparing these financial statements, the trustees have:
-selected sultable accounting policie5 and applied thetn con515tently.
Prepared accounts on an accrual basis.
Followed applicable accounting standards.
Prepared the financial statements on the going concern basis.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Circuit and enables them to ensure that the financial
statements steps for the prevention and detection of fraud and other irregularities.

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
So far as each of the trustees is aware, there is no relevant information that has not been disclosed to
the independent examiner and each of the Trustees believes that all steps have been taken that ought to
have been taken to make him aware of any relevant information and to establish that the independent
examiner has been made aware of that information.
Approval
The Trustees, Report and the Financial Statements were approved by the Circuit Meeting on 1Tr March
2025.
Revd. Mark Pengelly
Superintendent
Nigel Murrell
Circuit Leadership Team
io

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED
31 AUGUST 2024
The members of The Methodist Church-chelmsford Circuit are the Charity Trustees, membership being
made up of circuit office holders, ministers and representatives appointed by the local churches.
TRUSTEES OF THE CIRCUIT - year ended 31 August 2024
Circuit Ministers
Revd. M7ke Pengelly Icircuit Superintendent Minister)
Revd. Barry Allen
Revd. Sue King
Other Authorised Ministers and Su
rnufneraries
Revd. Tony Shrimpton
(Not a trustee)
Revd. Olufemi Cole-Njie
Revd. Sue King
Revd. Guy Goodall
Revd. David Dickens
(Not a trustee)
(Not a trustee)
Circuit Stewards
Janis Croom
Daisy Eleady-cole
Gareth Crooks
Nigel Murrell
Sheridan Pengelly
Eric Smart
Circuit Treasurer from 17 September 202
(resigned 12 March 2024)
Senior Steward
Co-o
ted onto CLT:
David Hodgkinson
Circuit Property Secretary
Safe
uardin
Esther Burton
Barbara Daniels
Circuit Safeguarding Officer (not a trustee, resigned 17 January 2024)
Circuit Safeguarding Officer (not a trustee, appointed August 2024)
Church Re
Broomfield
resentatives
David Hodgkinson
Dianne Hodgkinson
Les Steed
David Drewett
David Gask
Adrian Romano
Michelle Milliken
Lisa Scott
Diane Clemence
Jerry Kavanagh
Helen Catley
Revd. Sue King
William Lartey
Rosemary Bailey
Jane Clemo
Jane Cook
Jeff rey Hosking
Christ Church Braintree
Christ Church Coggeshall
(Not a trustee)
The Church in Great Notley
Hall Street (church closed
31 December 2023)
Halstead
(to 31 December 2023)
(to 31 December 2023
Hatfield Peverel Church
li

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED
31 AUGUST 2024
Maldon
Julie Hill
Maureen Crilley
Susan Farrell
Robert Griffin
Glenda Griffin
Martyn Edwards
Malcolm Lees
Clive Pickett
J Douglas Hayton
Pamela Scammell
Carolyn Smith
David Carter
Elizabeth Hobbs
Judith Radley
Lynda Speak
Tricia Tutin
Janet Cassets
Roger Fairclough
Pamela French
Jeffrey Green
Gillian Harrington
Nigel Murrell
Sheridan Pengelly
Janis Croom
Michael Thompson
Revd. Olufemi Cole-Njie
(Not a trustee)
Moulsham Lodge
(resigned Jan 2024)
(from 1 May 2024)
(from 29 May 2024)
North Springfield-st Augustine's
(Not a trustee
(resigned May 2024)
(from 29 May 2024)
South Woodham Ferrers
Trinity
(from 29 May 2024)
(resigned May 2024)
(resigned May 2024)
Witham
12

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
TRUSTEES AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED
31 AUGUST 2024
ADMINISTRATIVE DETAILS
Principal Office
clo Trinity Methodist Church
Rainsford Road
Chelmsford
Essex CM12XB
Bankers
The Co-operative Bank
P.0. Box 250
Delf House
Southway
5kelmersdale
WN8 6WT
Central Finance Board of the Methodist Church
9 Bonhill Street
London
EC2A 4PE
The Trustees for Methodist Church Purposes
Central Buildings
Oldham Street
Manchester
M1 1JQ
Circuit Independent Examiner
Mrs J Brace
Mayor Cuttle & Co
Aquarium Suite 7B
101 Lower Anchor Street
Chelmsford
CM2 OAU
13

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED
31 AUGUST 2024
Name of Circuit: The Methodist Church-chelmsford Circuit
No 34109
Declarations and Scrutiny
I confirm that these accruals-based accounts for the year to 31 August 2024 have been prepared from the
records of the Circuit and that they include all funds under the control of the Circuit meeting.
Signature of Senior Circuit Steward ...
Name: Nigel Murrell, clo Trinity Methodist Church. Rainsford Road, Chelmsford CM12XB
Presentation to the Circuit meeting
I confirm that the annual report and accounts for the year ended 31 August 2024 were presented to the
Circuit meeting held on March 17th 2025.
Signature of the Chair of the meeting.......-....
Name of the Chair of the meeting: Revd. Mark Pengelly
Date ..
1712
14

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED
31 AUGUST 2024
Name of Circuit: The Methodist Church-chelmsford Circuit
No 34109
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of The MethodTSt Church-chelmsford Circuit
for the year ended 31 August 2024 set out on pages 17 to 34. As the Circuit's trustees, you are
responsible for the preparation of the accounts in accordance with the requirements of the Charities Act
2011 ('the Act.).
I report in respect of my examination of the 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 section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination (other than that disclosed below. ) which give me cause to believe that
in, any material respect:
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 concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair. view. which is not a matter considered as part of an
independent examination
the trustees. annual report is not consistent with the accounts.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
I have 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,(KK) (ten thousand pounds) at the balance sheet date.
delete or circle as appropriate
Signature of independent examiner
Name of independent examiner
Joanne Brace............................
Relevant professional qualification of independent examiner
FccI¥
15

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED
31 AUGUST 2024
Name of firm:
Mayor Cuttle & Co
Address:
Aquarium Suite 7B, 101 Lower Anchor Street, Chelmsford CM2 OAU
16

THE METHODIST CHURCH-CHELMSFORD CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED
31 AUGUST 2024
Clrcuft
Model Trust
Fund
Unrest'd
General
Funds
Unrest'd
Deslgnat
Restricted
Funds
Endowrn't
Funds
Note
Total
2023-24
Funds
Income
Income from moneta
investments
Income from investment
Assessments on Churches
Grants received
8,379
43,225
171 707
8.514
716
ro
rties
171 707
Other charitable income
3,858
227 169
Total Incorne
716
242 670
Ex
endlture
Grants and donations
Salaries and associated costs
Property maintenance & other
costs
10
101,884
103 246
12
District Assessment & Le
Office ex
nses & resources
Other out
oin
13
46,884
5,809
14
2,807
1,467
188 730
473
67
Total charitable ex
nditure
Gains/(losses) on monetary
investments
11,222
67
206 301
18
583
1,834
2,417
38.786
Net income/
ex
enditure
Transfers between funds
Other
ains
-4.951
649
.649
16
46.543
254.464
257 279
Net movement in funds
Total funds brou
ht forward
-4.951
10,953
339 793
1 922 527
1,613,695
1 699,326
166,172
423,451
108,OCK)
Total funds carried forward
2 262 320
17

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PREVIOUS YEAR ENDED
31 AUGUST 2023
Circuit
Model Trust
Fund
Unrestricted
General
Fund
Unrest'd
Design'd
Funds
Unrest'd
RestrTCted
Fund
Endowment
Funds
Total
2022-23
Note
Income
Income from monetary
investments
Income f rom investment
ro
erties
5,488
730
11.224
20,447
175.658
Assessments on Churches
175,658
Grants received
Other charitable income
2,245
207.683
8,126
8.126
Total income
5.488
730
222.027
nditure
Grants and donations
Salaries and associated costs
Property maintenance & other
costs
District Assessment & Le
Office ex
enses & resources
1,620
782
10
133,858
134.640
12
43,564
44,232
43,564
13
6,316
14
991
4.761
2,487
237,620
Other out
Total charitable ex
enditure
Gainsl(lossesl on monetary
investments
oin
1,820
227.244
502
95
70
6,818
3.488
70
18
-334
-1,051
-391
-1,385
Net Incomel
Transfers between funds
Other
ains
Net movement in funds
Total funds brou
ht foThYard
Total funds carried forward
ex
enditure
-19.561
4,140
-1.664
-8.480
-660
16
-15.421
1,629.116
1,613.695
-10,144
176,316
166,172
4.638
6,315
10.953
-1.051
24,758
23,707
-16,978
1,939,505
1,922.527
103,OC(I
108,000
18

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
BALANCE SHEEf AS AT 31 AUGUST 2024
General
Fund
Unrest'd
Circuit
Ak*Jd Trust
Unre5td
Oeswjn'd
Funds
unrest'd
Rest'd
Fun(1
En(k)w
Funds
Notes
Total 2024
Total 2023
Fixed Assets
Circuit Manses
Investment Pro
Total Fixed Assets
17
17
1,250,(XX)
282,250
1,532,250
rties
282,250
1,532,250
282,250
1 532 250
Current Assets
Investments with TMCP
Debtors & Pre
ments
Cash at Bank
Total Current Assets
18
19
20
423,451
25,541
448,992
14,459
269 414
732,865
189,879
10,159
193,359
393 397
14,459
155,412
169,871
108.IXM)
108,CK)O
6,LK)2
6,IY)2
423 451
25,541
Current Liabilitles
Creditors
due in under 1
Total Current Liabilities
ear
21
2,795
2,795
2,795
2,795
3,120
3,120
Net Current Assets
167,076
423,451
108,(
6,￿2
730,070
390,277
Total assets less current
liabilities
1,699,326
423,451
108,1]￿)
6,LX)2
25,541
2,262,320
1 922,525
Long term liabilities (due after
more than 1
ear
Net assets
1 699.326
423.451
108,000
6,002
25.541
2,262,320
1,922,525
Funds of the Circuit
General Fund (Unrestricted)
General Fund
Desi
nated
CMTF
Unrestricted
Total Unrestricted Funds
22-24
22-24
22-24
1,699,326
1,699,326
108,000
423,451
2,230,777
1,613,695
108,(XQ
166,172
1,887,867
108,(K)O
423,451
423,451
1.699,326
108.fyJ)
Restricted Funds
Endowment Funds
Total Funds
22-24
22-24
6,￿)2
6,002
25,541
2,262,320
10,953
23,707
1,922,527
25,541
25,541
1,699,326
423.451
108,CM)O
6,002
The notes on pages 20 to 34 form part of these accounts
Approved by the trustees of The Methodist Church-chelmsford Circuit and signed on their behalf.
Revd. Mark Pengelly, Superintendent Minister...
19

THE METHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 1
Basis of accounting
The financial statements have been prepared urKler the Charities Act 2011 in accordance with the 2014
version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable
to charities preparing their accounts in accordance with FRS102-the Charities SORP (FRS 102)October
2019 update.
Note 2
Funds
The funds held comprise:
Unrestricted General Funds held for any purpose of the Circuit.
The Circuit Model Trust Fund which has wide purposes defined in Standing Orders and is categorised as
unrestricted.
Restricted funds are those held for a narrower purpose. The Circuit has two restricted fund, a grant
received for the Family & Schools Worker project in the Maldon section, and donations received for the
Refugee Support fund.
Designated Funds -There are two such funds. The trust&s have voted to reserve funds for the Family &
Schools Worker project in the Maldon section and also for the matching contribution f rom the Circuit for
Refugee Support fund.
Endowment funds are those for which the capital is invested, and the income may be used for specified
purposes. The Circuit has one endowment fund.
Note 3
Accounting policies
Basis
These accounts have been prepared on the basis of historical cost or valuation as at 2015, except that
investments {including a property) are shown at their market value at the end of the year. The accruals
basis has been used to show a true and fair view of the Circuit's financial position and activities.
Income recognition
Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to
the resources, and the Trustees are reasonably certain that they will receive the resources; and the
monetary value can be measured with sufficient reliability
In accordance with the Charities SORP (FRS102), the time of volunteers is not recognised
Expenditure
This is recognised when a liability is incurred, or a constructive obligation arises. that results in the
payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is
considered more likely than not under the legal or constructive obligation committing the Circuit to pay
out resources.
VAT
Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
Tangible fixed assets
Tansible fixed assets are capitalised if they can be used for more than one year. and Individually cost at
least £1 ,000. AIL properties are freehold and the estimated land component of all properties is shown in
note 17 to the accounts. Fixtures and fittings within the properties are not valued separately from the
building value.
No depreciation is provided on buildings since the Trustees consider the current residual fair value of the
manse buildings to be not less than their current value. Any depreciation would not be material.
20

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 3
Accounting policies (continued)
Investment Property
The Circuit owns one residential property (formerly a manse) which is surplus to Tts normal staffing
requirements. This property is currently let on an Assured Shorthold Tenancy and is classified as an
investment property. The property is valued in the accounts at fair val￿, being open market value, net
of estimated costs of disposal.
Monetary investment assets
The investment assets of the Circuit Model Trust Fund and the Endowment Fund are held by the Trustees
for Methodist Church Purposes (TMCP) a5 Custodian trustees. The valuations, at market value, are those
provided by TMCP.
Debtors
Debtors include assessments due by the end of August and are stated at the amounts owed to the Circuit.
The prepayment is the monthly ministerial stipends paid in advance to Methodist Church central payroll
at the end of August, for stipends due on 1 September.
Creditors
Creditors include trade creditors and expenses incurred before the year end, at the amounts
subsequently paid.
Going concern
To the best of their knowledge and belief the Trustees confirm that there are no material uncertainties
that would call into question the Circuit's financial viability for at least 12 months from the date of the
approval of these accounts.
Consolidation
The Circuit has denominational regulatory oversight in respect of work of the Churches within the Circuit
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
consolidated into these financial statements.
Grants
Grants made by the Circuit from its own funds are recognised in full at the time of agreement to make
the grant without performance conditions or as and when the Circuit accepts that there is a legal or
operational obligation to make the payment if it is subject to performance conditions. When the grant to
be accrued is recurrent over more than one year the balance payable in future years, discounted to net
present value where the difference is material. is treated as a provision being released in future years in
accordance with the originally agreed terms.
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 Church. Ministers are expected to (￿cupY the manse provided for them.
The Circuit bears the cost of repairs, maintenance. buildings insurance, Council Tax and water charges.
These figures are not separately disclosed as benefits-in-kind for ministers as HMRC doe5 not apply any
tax charge.
21

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 4
Glossary of terms
CFB: Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of
p￿)led investment funds for the Methodist Church in Great Britain and provides investment advice to
those entities.
Church:
Circult:
Circuit Meeting:
a group of members relating to a specific Church
a group of Methodist Churches near each other. and overseen jointly
The trustees of the Circuit. most of whom are appointed by their local Churches and
the others by virtue of a role they undertake for the Circuit andlor their local
Churches.
CLT (Clrcufjt Leadership Team):
A group (cornprising mostly, but not exclusively) of Circuit trustees
responsible for the day to day administration and policy formulation of the Circuit.
Generally the CLT comprises 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. all Methodist Districts, Circuits and Churches in Great Britain.
CMTF:
Connexion:
Connexional Funds: The designated and/or Restricted Funds held and administered by the Connexion in
furtherance of its charitable and mission objectives.
Connexional Priority Fund
a group of contiguous Circuits linked geographically.
District Advance Fund
Financial Reporting Standard
Her Majesty's Revenue and Customs
Personnel employed by the Circuit on generally accepted commercial employment
terms.
Methodist Minister5. Pension Scheme
Pensions and Assurance Scheme for Lay Employees of the Chelmsford 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 Model Trust property, including Legacies, Endowments and Accumulated
Funds
CPF:
District:
DAF:
FRS:
HMRC:
Lay Employees:
MMPS:
NEST:
SOFA:
SORP:
TMCP:
Note 5
Income from Investment Properties
The trustees have determined that the property owned at 10 Wickfield Ash, Chelmsford is unlikely to be
returned to use as a manse in the foreseeable future and have therefore classified it as an investment
property.
Note 6
Assessments on Churches
The Circuit comprises 13112 from January 20241 churches and each is assessed for a contribution to meet
the overall net costs of the Circuit. The Circuit aims to cover all its net core costs from the Assessment.
The Assessment on Churches is determined annually and calculated as 50% on the membership of each
Church and 50% on its income from offerings and Gift Aid. The amount due from the churches which are
part of a Local Ecumenical Partnership (LEP) is reduced if another denomination fund5 the Minister for
that church.
22

THE MtrHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 6 Assessment or share
(continued)
General Fund
(unrestricted)
General Fund
(unrestricted)
2023124
2022123
Broomfield
Christ Church, Braintree ILEP)
Christ Church, Coggeshall ILEP)
The Church at Great Notley (LEP)
Hall Street, Chelmsford (closed
December 2023)
Halstead
Hatfield Peverel
Maldon
Moulsham Lodge
South Woodham Ferrers
St Augustine, Springfield (LEP)
Trinity, Chelmsford
Witham
18,115
6,312
977
1,707
18,161
7.200
962
1,477
1,834
8,0(X)
7,032
14,971
30,OIY)
13.197
3,200
53,004
13,358
8.000
7,488
20,522
21,500
14,133
53,004
14,211
Total
171.707
175,658
These amounts are included in the accounts based on the due date of receipt by the Circuit. They include
1550 (2023 E500) to be received after the year end, included in debtors on the Balance Sheet.
Note 7
Grants & Donations received
Restricted
General Fund
Fund (unrestricted)
2023124
2022123
DAF-for Schools Worker Project
3,960
DAF-for new windows
4,327
Total
3,960
4,327
In 2023124 the Circuit received a grant of £3,960 from the District Advance Fund for the SCh￿)I Worker
project in Hatfield Peverel (2022123 grant of £4,327 received from DAF towards the cost of new
double glazed windows in the Park Avenue manse).
23

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 8
Other charitable income
General Fund Restricted Fund-
(unrestricted) Refugee Support
Total
2023124
2023124
2023124
Solar energy rebate
Disposal of Hall St contents
Refugee fund donations & grants
repaid
Donations
2.325
1,259
2,325
1,259
2,311
2,311
274
274
Total other charitable income
3,858
2,311
General Fund Restricted Fund-
(unrestricted) Refugee Support
Total
2022123
2022123
2022123
Solar energy rebate
Refugee fund donations
Donations
2,193
2,193
8,126
52
8.126
52
Total other charitable income
2.245
.126
10.371
The Restricted fund is for Refugee Support and was set up in response to the refugees coming to
the UK after the Ukraine invasion.
Note 9
Grants & donations paid
Restricted Fund-
Refugee Support
Restricted Fund-
Refugee Support
2023124
2022123
Grants from the Refugee Support Fund
1,620
24

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 10
Stipends. salaries and associated costs
General Fund
Restricted
(unrestricted) Fund-schools
worker
Total
2023124
2023124
2023124
Stlpends & salaries
Stipends-ministers
Salaries-Lay worker & admin
Employers'pension contrib's
Employers. N I
Apprenticeship levy
Supernumerary fees
Professional fees-admin
contracts
Total stipends & salaries costs
61,372
6.240
15,624
5,959
360
1,176
61,372
7.602
15.624
5,959
360
1,176
1,362
6,959
97,690
6,959
99,052
1,362
Associated costs
Ministers, travel
PayroLI fees
3.714
480
3,714
Total stipends, salaries ft
associated costs
101,884
1,362
103,246
General Fund
(unrestricted)
Restricted
Fund
Total
2022123
2022123
2022123
Stipends & salaries
Stipends-ministers
Salaries-Lay worker & admin
Employers, pension contributions
Employers. N I contributions
Apprenticeship levy
Supernumerary fees
Professional fees-admin contract
Total stipends & salaries costs
84,005
10.396
21.731
8,022
467
800
5,400
130,821
84,005
11,175
21,731
8,025
467
800
5,400
131,603
779
782
Associated costs
Ministers, travel
Lay employees, travel
Payroll fees
Total associated costs
2,386
171
480
3,037
2,386
171
3,037
Total stipends, salaries &
associated costs
133 858
782
134 640
25

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 10
Stipen(ts. salaries and associated costs (continued)
Stipends were paid to 2 Ministers in 2023124 (3 in 2022123). Salaries were paid to 2 part-time lay
workers/administrative staff and 2 contractors (2 part time staff and 1 contractor in 2022123). The
previous Family & SCh￿l5 worker resigned at the end of 2022123, with a new Schools Worker appointed
from Apri12024. The Family & Schools Worker cost was met from the Restricted Fund, using a grant
received from the District.
A home telephone and broadband connection is provided for Ministers solely for use on Circuit business
and travel costs incurred on Circuit business are re-imbursed against expense claims.
The full-time Ministers, manses are provided by the Circuit and the Circuit maintains and insures the
properties and meets the cost of Council Tax and water charges. The amounts are not regarded by HMRC
as benefits in kind.
No employee received empLoyee benefits totalling more than £60.LMXI.
There is no accrual for holiday pay as it is immaterial, the holiday year ends on 31 August.
Pensions
All ministers are members of the Methodist Ministers. Pension Scheme (MMPS). This is a defined benefit
scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters) are
not employees of the Church. For simplicity. however, when dealing with National Insurance
Contributions and pension contributions. the terms 'employer' and 'employee' are used as they would be
in an employing body.
The Connexion accounts for the MMPS pension scheme and shows the figure in the annual Methodist
Church in Great Britain accounts. The hOMPS is in deficit but a plan for removal of the deficit has been
proposed and is being implemented.
The lay employees are eligible to join the pension scheme which the Circuit has arranged with NEST, a
government scheme which allows for defined contributions. The Circuit contributes as an employer to
this scheme.
Note 11
Payments to trustees
The Superintendent of the Circuit, the Presbyters and Deacon and the remaining members of the CLT are
considered as Key Management Personnel. The Superintendent Minister and other presbyters undertake
the primary executive roles within the Circuit. The Circuit Senior Steward chairs meeting of the CLT and
the Superintendent chairs the Circuit Meetings. The members of the Circuit Meeting are the trustees of
the Circuit.
No trustee received any remuneration for their role as trustee.
The Circuit policy is to reimburse members of the CLT and other trustees for expenditure properly
incurred in carrying out their duties, including where appropriate travelling expenses and reimbursement
of purchases on behalf of the Circuit such as maintenance of the manses. or where they have been
requested to undertake certain activitie5 for the Circuit such as training.
Trustees did not claim any expenses in respect of Circuit Trustee duties in 2023124.
26

THE METHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note12
Property expenses
General Fund
(unrestricted)
General Fund
(unrestrirted)
Property costs-manses
2023124
2022123
Insurance
Manse Council tax & water
Maintenance-manses
Quinquennial inspection fee- NIL
(4 in 2022123)
2.632
6,712
11,378
1,066
9,539
23,403
2,795
Property costs-let properties
Maintenance-Let properties
Agents, fees
Property C05ts-Hall Street
church after church closed
Insurance
Heating & water charges
Maintenance
3,855
2,754
4,007
1,142
2.996
160
Total property costs
34,875
43,564
The Circuit is Managing Trustee for two properties used as manses, (one in Chelmsford and one in
Maldon). A third manse property in Chelmsford was temporarily let out on an Assured Shorthold Tenancy
in 2023124 due to the vacant ministerial post. An investment property in Chelmsford is also let out on
an Assured Shorthold Tenancy.
Note 13
Connexional & District Assessment and Levy
General Fund
(unrestricted)
General Fund
(unrestricted)
2023124
2022123
District Assessment
CMTF Fund-
unrestricted
CMTF Fund -
unrestricted
2023124
2022123
District Advance Fund Levy
The District Assessment is calculated relative to the proportion of church members, and staffing
(Presbyters and Mission staff only) of all Circuits in the Beds, Essex & Herts District. 50% of the overall
cost is calculated using relative membership proportions and 50% using relative staffing proportions. The
assessment is mainly a contribution to Connexional costs for national support services, discipleship and
mission but also includes funding towards the costs of the District office and staff.
The levy for the District Advance Fund is calculated on a sliding scale percentage of the Circuit's CMTF
Account balance as at 31 August in the previous accounting period.
27

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 14
Office expenses and resources
General Fund
(unrestricted)
Restricted
Schools Fund
Total
2023124
1,855
831
337
597
2023124
2023124
1,855
831
337
3,404
Telephone & internet
Printing, postage & stationery
Other administrative expenses
Preaching & sundry resources
2,807
Total
6,427
General Fund
(unrestricted)
Restricted
Schools Fund
Total
2022123
2,116
1.151
210
293
2022123
2022123
2,116
1,151
210
1,284
Telephone & internet
Printing, postage & stationery
IT costs
Preaching & sundry resources
991
Total
3.770
991
4,761
Note 15
Other outgoings
General Fund
CMTF Fund Endowment
(unrestricted) {unrestricted)
Fund
Total
Total
2023124
81
586
2023124
2023124
2023124
81
586
2022123
960
155
Training
Other
Independent
examiner's fee
TCMP admin. fee
800
81)0
540
800
572
473
67
Total
1,467
473
67
28

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 16
Other gains
General Fund CMTF Fund
(unrestricted) (unrestricted)
Total
Total
2023124
2023124
2023124
2022123
Hall Street general fund
transferred to Circuit on closure
46,543
46.543
Sale of church building-proceeds
of sale, net of selling expenses
CPF levy
Net amount received by Circuit
384,106
-129,642
254,464
384,106
-129,642
301,007
46,543
The former Methodist Church in Hall Street was sold during this year. The proceeds of sale (net of selllng
costs) were £384,100. In accordance with MethcKlist Standing Orders, a levy of £129,640 was paid to the
Connexional Priority Fund levy. The net amount of £254.460 is held by the Circuit in the Circuit Model
Trust Fund for Circuit use.
The Ci rcuit also received £6 less £2 CPF levy from a refund of fees paid on the sale of Hatfield Peverel
Methodist Church in 2021122.
The Connexional Priority Fund is held centrally by the Methodist Church and is used for Mission work
across the Connexion.
Note 17
Fixed Assets-manses and Other Properties
Manse
Land
Manse
buildings
Investment
property
Total
Total
2023124
2023124
2023124
2023124 2022123
Balance brought
forward
510,000
740,000
282,250
1,532,250 1,532,250
Disposals
Balance carried forward
510,0(K)
740,000
282,250
1,532,250 1,532,250
Schedule of Manses and Investment Property
Property
Type
Cost
Valuation
Total
30 Park Ave Chelmsford
Manse
425,000
425,000
4 Rubens Gate Springfield Chelmsford
Manse
475,000
475,OCM)
11 Mir05a Drive Maldon
Manse
350,000
350.000
10 Wickfield Ash Chelmsford
Investment
282,250
282,250
Total
775,000
757,250 1,532,250
29

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 17
Fixed Assets-manses and Other Propertles (continued)
There are 3 manses (3 2022123), 2 located in Chelmsford and 1 in Maldon, which are valued at cost as
defi ned by FRS102.The manse at Park Avenue. Chelmsford was stated at deemed historic cost as at
August 2014 in accordance with FRS 102. The manse at Maldon is valued at purchase cost in June 2015.
The house at Rubens Gate, in North Springfield, Chelmsford is valued at purchase cost in October 2014
plus the capital cost of improvements net of impairment in 2018119. This property was let on a short-
term basis from mid August 2023. It is intended that this will be used a manse again in the future.
The property at Wickfield Ash continues to be let on a short-term basis. As it is unlikely that this property
will be required in future as a manse it is valued as an investment property at the potential net sale
proceeds receivable by the Circuit of £282,250 (2022123 £282,250). This is based on a trustees, market
valuation of £450,IX)O less the potential costs of sale of £167,750 (£7,750 professional fees and C160,000
payable for the Connexional Priority Fund Levy). 2022123 figures are: trustees, valuation of £450,000 less
£167,750 costs of sale (£7,750 professional fees and £160,(X)O CPT Levy).
No depreciation Is being provided for the manses as the trustees consider the current residual value of
the properties in their present condition to be not less than their brought forward cost and, in the
absence of any impairment, any depreciation provision for the buildings component of the properties
would be immaterial. The Circuit has made use of the deemed cost option on transitioning to FR5102 as
outlined above.
Note 18
Monetary Investment Assets
Investments held by Trustees for Methodist Church Purposes (TMCP)
Year end valuation
2023124
CMTF fund
2023124
Endowment fund
2022123
CMTF fund
2021122
Endowment fund
Common investment funds
Trustees, Interest Fund
8,126
415,325
25,541
7,542
158,630
23,707
Total
423,451
25,541
166 172
23.707
Endowment
fund
Change in investment values
Investments held in common investment funds
CMTF fund
2023124
2023124
Carrying (market) value at beginning of year
7,542
23,707
Net gain on revaluation
1.834
Carrying (market) value at end of year
8.126
25,541
The funds that support the Circuit Model Trust Fund are held by TMCP in Trustees, Interest Fund on which
interest is credited to the accounts each month. These are regarded as medium-term investments.
TMCP is the legal owner and custodian trustee of all Methodist model trust property, including legacies,
endowments and accumulated funds. Trust property is held for and on behalf of local managing agents
who are responsible for the day-to-day management of trust property. TMCP ensures that, through
providing guidance and acting under their direction, the managing trustees comply with charity law and
Methodist law and policy as determined by the Methodist Conference.
30

THE METHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 19
Debtors and prepayments
General Fund
(unrestricted)
General Fund
(unrestricted)
2023124
2022123
Debtors
Assessments due
Solar panel FIT payment due
Hall Street insurance refund due
Prepayments
Ministers, stipends in advance
Manse insurance
Counci l Tax
Letting agents'fees
550
942
1,017
5CK)
836
10,356
1,594
6,876
1,493
210
244
Total debtors & prepayments
Note 20
Bank Balances
CMTF
(Un-
rest'd)
General {un-
restricted)
Designated Restricted
Fund
Fund
Total
Total
2023124
2023124
2023124
2023124
2023124
2022123
Central Finance
Board deposit
Co-op bank
current account
73,062
43,386
108,IX)O
5,477
229,925
181,974
39,489
39,489
Total Bank
112551
269 414
193 357
The balance held at the Central Finance Board of the Methodist Church is available on demand without
loss of interest, interest is credited monthly.
Note 21
Creditors & accruals
General Fund
(unrestricted)
General Fund
(unrestricted)
2023124
1,195
2022123
470
1,850
800
Trade creditors & expenses
Rent received in advance
Accruals
Total
31

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 22
Funds
General Fund -unrestricted
The purpose of this fund is for at the discretion of the trustees in the furtherance of the general
objectives of the Circuit and which have not been designated for ottrkbr purposes. Following the closure
of Hall Street church, the general funds of the church were transferred to the Circuit. The balance has
been added to the Circuit general fund.
Circuit Model Trust Fund (CMTF)-unrestricted
The purpose of the fund is for use at the discretion of the trustees in furtherance of the general
objectives of the Circuit. Its main source of income is legacies and formulaically determined
contributions from the sale of manses and church buildings in the Circuit.
Although this is technically an Unrestricted Fund under the control of the Circuit Meeting, prior approval
is still required from the District to utilise these funds. Methodist Standing Orders 930, 931 and 917(2)
are applicabLe.
Designated Funds- unrestricted
These are two unrestricted funds that have been all￿ated as follows:
£103,000 allocated in 2022123 for the purpose of employing a Family & Schools worker in the
Maldon section of the Circuit, for the three years 2022123-2024125.
£5,000 allocated in 2022123 as a matching donation to funds donated to the Circuit for the
purpose of asslsting Ukrainian & other refugee families in the area.
These funds have been designated by the trustees of the circuit meeting. The funds can only revert to
general funds by the agreement of the same body.
Restricted Funds
These are two funds where donations have been received by the Circuit for a particular purpose as
follows:
Grants received in 2021122 and 2023124 from the District Advance Fund for the costs of the
Schools Worker project within the Maldon section of the Circuit. The District has given permission for
these funds to be carried forward; any funds not used for this purpose will required to be returned to the
District.
Donations received in 2022123 and 2023124 from individual personal donations received f rom
around the Circuit for the purpose of assisting Ukrainian & other refugee families in the area.
Endowment Fund
This is a permanent endowment fund arising from a legacy given by Mrs H Walker. The income can only
be used for local religious purposes.
32

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 23
Summary of fund movements
Balances
asat
31108123
Income
& Gains
Unrealised Balances as
Expenditure Transfers gains
at 31108124
General Fund
1,613,695 273,712
-188.730
649
1,699.326
CMTF
Designated-
Family &
Schools
Worker
Designated-
Circuit
Refugee
Support
Restricted-
Schools
Worker
Restricted-
Ref ugee
Support
166.172 262,978
-6,282
583
423,451
103.000
103.000
5,000
5.000
4,542
3,960
-4,169
4.332
6.411
2,311
-7,053
1,670
Endowment
716
-67
-649
1.834
Total
1,922,527 543,677
-206,301
2.417
2 262,320
33

THE MEfHODIST CHURCH-CHELMSFORD CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 AUGUST 2024
Note 24
Analysis of net assets between funds
Fund balances at 31 August are represented by:
General
CMTF
Fund
Fund
(unrest'd) (unrest'd)
Designated Restricted Endo't
Funds
Funds
Fund
Total
2023124
2023124
2023124
2023124 2023124 2023124
Tangible fixed
assets
Current assets
Current liabilities
1,532,250
169,871
-2,795
1,532,250
732,865
423.451
108,(K)O
6,002 25,541
Net assets
1 699 326
423 451
6 002 25 541 2 262 320
General
CMTF
Fund
Fund
(unrest'd) (unrest'd)
Designated Restricted Endo't
Fund
Fund
Total
2022123
2022123
2022123
2022123 2022123 2022123
Tangiblefixed
assets
Current assets
Current liabilities
1,532,250
84.565
-3,120
1,532,250
393,397
-3,120
166.172
108,(X)O
10.953 23,707
Net assets
1 613 965
166.172
108,000
10.953 23,707 1 922,527
Note 25
Related Parties
None of the Circuit trustees made donations direct to the Circuit during the year or in the preceding
year. All of the Circuit trustees are members of one of the Churches within the Circuit and may be
trustees of their Churches.
Related parties include the Methodist Conference, the BE&H District and Churches within the Circuit, CFB
and TMCP. No trustee currently has a related party connection to any supplier.
Note 26
Volunteer Contribution
Every entity (Connexion, District, Circuit and Church) within the Methcmjist Church in the UK 15 heavily
reliant on volunteers who contribute their Skills, time and money in the furtherance of the work of the
Church. In this Circuit the principal contribution is by serving on committees of the Circuit that deal with
the mission, manses, finance. policy, grants and training. We are grateful to all of them for their help and
commitment. No attempt has been made by this Circuit to value the non-monetary contributions to the
Circuit in monetary terms.
Note 27
Capital commitments and contingent liabilities.
There are no capital commitments or contingent liabilities as at 31 August 2024 (2023 Nil).
34