**Circuit Accruals Accounts 2021-2022**
## **THE METHODIST CHURCH**
# **TEMPLATE REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2022**
**----- Start of picture text -----**
Lancashire West Methodist Circuit
**----- End of picture text -----**
## **Registered Charity - Registration number**
**1134877**
||**LIVERPOOL**|**LIVERPOOL**|**DISTRICT**|**18 / 19**|
|---|---|---|---|---|
||||||
|**Ministers**|||Rev Michael Tindsley||
||||Rev Sue Guénault||
||||Rev Alex Laing||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
|**Circuit Stewards**|||Linda Jones||
||||Anne Baldwin||
||||Malcolm Roxburgh||
||||Derek Ashcroft||
||||Dilys Lightfoot||
||||||
||||||
||||||
||||||
||||||
|**Circuit Treasurer**|||Derek Ashcroft||
**Lancashire West Methodist Circuit**
**TRUSTEES' ANNUAL REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **Introduction**
The Lancashire West Methodist Circuit seeks to support the life of the Communities within its boundaries in a variety of ways:
The continued provision of regular public acts of worship open to members of the church and non-members alike. The teaching of Christianity though sermons, courses and small groups. Pastoral work including visiting the sick and bereaved. Promoting the whole mission of the church through activities and support for older people, parents and toddlers and other specific groups when appropriate.
## **Aims and organisation**
The Circuit is committed to developing a Team Ministry to allow the Circuit Staff to use their particular gifts across the whole Circuit.
We seek to develop Spirituality and Discipleship, and to encourage Outreach across the Circuit. We are committed to working with the four Methodist [two Methodist/CofE] Schools within the Circuit.
We seek to engage with the Rural Communities around us and to support the Chaplaincy in the expanding Edge Hill University.
## **Review of the year**
During the eleventh year of its existence the Circuit has continued to build links between the churches and to find new ways of working together.
Volunteers from the Circuit have made a contribution to the life of the wider community in a variety of ways including: serving on the governing bodies of the four Methodist schools in the Circuit and supporting the work of the Food Banks.
Work with local primary schools has been developed through the decision to appoint a Family & Schools Worker whose remit is to strengthen links between the churches, pupils, staff and parents. The Circuit Trustees are continuing to explore ways of supporting the churches elsewhere in the Circuit by finding the most effective ways of using the resources available to them.
The Circuit has made grants availible to support the mission of our local Churches and Ecumenical partners. We continue to monitor the best use of our resources and deployment of staff.
In compliance with the Safeguarding policy of the Methodist Church, training sessions continue to be held in order that all required people completed the “Creating Safer Spaces” module.
Churches were encouraged to deal with outstanding property issues, and given support with various property schemes. Weekly worship was sustained across the Circuit
The Circuit continued to support World Church, Mission in Britain, Christian Aid, All We Can and to support the work of several local Food Banks. The Circuit began to support the secondary education of six girls in Malawi through the Mamie Martin Fund, a commitment for the next four years. In addition to this Churches responded to crisis appeals at various times through the year.
## **Income trends**
Letting income relates to funds generated from Manse not currently required.
## **Expenditure trends**
Stipend expenditure has increased each financial year in line with conference approved increases.
£33,954 is the Circuit contribution to the District annd Connexion, of which a significant part is used to fund the work of the wider Methodist Church.
The other expenditure includes maintaining the Circuit office, administrator, family & schools worker, 2 manses and supporting mission work.
## **Fund balances**
As at 31 August 2022, the net current assets of the Circuit were £52,852. These exclude investments held by TMCP and any restricted funds, giving approximately 5 months cover for expenditure.
## **Plans for 2023/24**
Circuit financial plans for the coming year have been prepared on the basis that there will be 3 ordained staff in post. With anticipated cost of living stipend increases combined with an increase in the assessment paid to the district, a circuit church assessment has been set with this in mind
**Lancashire West Methodist Circuit**
**Trustee’s Annual Report on Finance and Governance**
2021-2022
## **Basis of preparation and legal framework**
The Trustees of the Charity present their Annual Report and the audited financial statements for the year ended 31 August 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial staements and comply with the standing orders of the Methodist Church. The trustees have adopted the provisions of the Statement of Recommentded Practice (SORP) & "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the
Full Name of Charity: Lancashire West Methodist Circuit
Registration Charity Number: 1134877
Date of registration 12/03/2010
Main communication address Emmanuel Methodist United Reformed Church 38 Derby Street Ormskirk L39 2DE
The members of the Lancashire West Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.
Fully membership is shown as Appendix A to this report.
## **Circuit Ministers and officers**
**Active Circuit Ministers** Rev Michael Tindsley Rev Sue Guénault Rev Alex Laing Circuit Stewards Mrs Linda Wedge Mr Derek Ashcroft Mrs Anne Baldwin Mrs Dilys Lighfoot Mr Malcolm Roxburgh Independent examiner _Mr Chris Cullen 50 Spensers Lane Skelmersdale WN8 9JR_
Investment Bankers Central Finance Board of the Methodist Church Trustees for Methodist Church purposes
2021-2022
## **Lancashire West Methodist Circuit**
## **Aims and organisation**
Charity objective is to act as a Resource provider within the area around West Lancashire for 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 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 organisation and resourcing of regular public acts of worship open to members of the church and non members alike.
The teaching of Christianity through sermons, courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved.
Taking religious assemblies in local schools.
Promotion of Christianity through the staging of events and services.
Provision of chaplaincy services to the local university and other institutions.
## **Public Benefit**
We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.
## **Structure, Governance and Management**
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy Committee.
## **Trustee Training**
A range of guidance produced by Methodist Connexion to support the effective running of the circuit , specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Circuit meeting members as induction to their role as trustees.
## **Related Parties**
The Circuit is part of the Liverpool District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit: Burscough, Holmeswood, Ormskirk, Mawdesley, Trinity, Upholland, Croston, Tarleton, Holmes, and Mere Brow
**Lancashire West Methodist Circuit**
2021-2022
## **Risk Management**
The major risks have been identified and recorded by the Circuit Finance and Property Committee with professional advice taken as required.
There is a regular annual review process undertaken and recorded.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
## **Safeguarding**
_Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm._
Methodist Connexional practice outlines commitment to the following principles:
- the care and nurture of, and respectful pastoral ministry with, all children, young people and
- adults
- the safeguarding and protection of all children, young people and adults when they are vulnerable
- the establishing of safe, caring communities which provide a loving environment where there is
- informed vigilance as to the dangers of abuse.
- We will carefully select and train all those with any responsibility within the Church, in line with
- Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
- We will respond without delay to every complaint made which suggests that an adult, child or
- young person may have been harmed, cooperating with the police and local authority in any investigation.
- We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
- We will seek to challenge any abuse of power, especially by anyone in a position of trust.
- We will seek to offer pastoral care and support, including supervision and referral to the proper
- authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
- In all these principles we will follow legislation, guidance and recognised good practice
The Lancashire West Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.
## **Reserves Policy**
The Reserves Policy for the Circuit is to hold a minimum sum equivalent to five months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.
**Lancashire West Methodist Circuit**
2022-2023
Appendix A
CIRCUIT MEETING MEMBERSHIP as at June 2023
MINISTERS
Rev Michael Tindsley Rev Sue Guenault Rev Alex Laing
for the year ended 31 August 2022
## SUPERNUMERARY MINISTERS
Rev Dr Geoff Farthing
LAYWORKERS
CIRCUIT STEWARDS
Linda Jones Dilys Lightfoot Malcolm Roxburgh Anne Baldwin Derek Ashcroft
Circuit Local Preachers & Worship Leaders representatives
Dr Julian Butcher
Circuit Meeting Secretary Jayne Chard
Circuit Safeguarding Co-ordinator Peter Harrison
## CIRCUIT CHURCH REPRESENTATIVES
|Church|1|Burscough Methodist|Rep 1|Brian Guy|
|---|---|---|---|---|
||||Rep 2|Jackie Moore|
||||Rep 3|Sid Cleary|
|Church|2|Holmeswood Methodist|Rep 1|Colin Aspinall|
||||Rep 2|Graham Wright|
|Church|3|Trinity Methodist Croston|Rep 1|George Lloyd|
||||Rep 2|Christine Fisher|
|Church|4|Tarleton Methodist|Rep 1|Tom Gregson|
||||Rep 2|Patricia Barron|
|Church|5|Holmes Methodist|Rep 1|Keith Ascroft|
||||Rep 2|Barbara Meynall|
||||Rep 3|Marion Ascroft|
|Church|6|Emmanuel Methodist URC|Rep 1|Mark Taylor|
||||Rep 2|Peter Harrison|
|Church|7|Mawdesley Methodist|Rep 1|Jane Allen|
||||Rep 2|David Allen|
||||Rep 3|Idris Owen|
|Church|8|Trinity Methodist URC|Rep 1|Helen Porter|
||||Rep 2|Jenny Ashcroft|
|Church|9|Upholland Methodist|Rep 1|Jean Bradshaw|
||||Rep 2|Alan Jones|
|Church|10|Mere Brow Methodist|Rep 1|Joan Lawson|
||||Rep 2|Natalie Travis|
||||Rep 3|Margaret Warren|
**Circuit No 18/19**
**LANCASHIRE WEST METHODIST CIRCUIT**
## Financial Statements
For the Year Ending 31 August 2022
Name of Circuit
Circuit No 18/19
## **Lancashire West**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2022**
|**Notes to**||**Circuit Model**|**Circuit Model**|**Designated**||||
|---|---|---|---|---|---|---|---|
|**the**|**General Fund**||**Trust**|**Funds**|**Restricted**|**Endowment**|**Total**|
|**accounts**|
**(Unrestricted)**|**(Unrestricted)**||**(unrestricted)**|**Funds**|**Funds**|**2021-22**|
||£||£|£|£|£|£|
|**Income**||||||||
|1 Donations and legacies|||||4,295||4,295|
|2 Income from monetary investments|76||9,244|7,745|||**17,065**|
|3 Income from investment properties|250||||||**250**|
|4 Assessments on Churches|162,072||||||**162,072**|
|5 Capital Receipts/loan repayments|||||||**0**|
|6 Loan Repayment|10,000||||||**10,000**|
|7 Other charitable income|2,092|||||||
|8**Total income**|**174,490**||**9,244**|**7,745**|**4,295**|**-**|**195,774**|
|**Expenditure**||||||||
|9 Grants and donations|32,700||||3,830||**36,530**|
|10 Salaries and associated costs|139,104||||||**139,104**|
|11 Property maintenance( inc Ins & utilities)|2,255|||20,213|||**22,468**|
|12 Connexional assessment & model trust levy|22,636||113,689||||**136,325**|
|13 District Assessment & Levy|11,318||20,333||||**31,651**|
|14 Depreciation/loans made|6,000||||||**6,000**|
|15 Office expenses|1,851||||||**1,851**|
|16 Other outgoings|8,076||1,106|510|||**9,692**|
|17**Total charitable expenditure**|**223,940**||**135,128**|**20,723**|**3,830**|**0**|**383,621**|
|18 Gains/(losses) on monetary investments||-|42,354
||||-42,354|
|19 Gains/(losses) on investment properties|**-266,278**||344,263||||77,985|
|20**Net income/(expenditure)**|**-315,728**||**176,025**|**-12,978**|**465**|**0**|-152,216|
|21 Transfers between funds|49,413|-|57,000
|7,587|||0|
|22 Other gains/(losses)||||||||
|23**Net movement in funds**|**-266,315**||**119,025**|**-5,391**|**465**|**0**|**-152,216**|
|24 Total funds brought forward|1,100,379||387,775|24,827|82||1,513,063|
|**25 Total funds carried forward**|**834,064**||**506,800**|**19,436**|**547**|**-**|**1,360,847**|
Name of Circuit
**Lancashire west**
Circuit No 18/19
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2021**
||||**General**||**Circuit**|**Designated**||||
|---|---|---|---|---|---|---|---|---|---|
||||**Fund**|**Model Trust**||**Funds**||||
||**Notes to the**|
**(Unrestricte**||**(Unrestricte**||**(unrestricte**|**Restricted**|**Endowment**|
**Total**|
||**accounts**||**d)**||**d)**|**d)**|**Funds**|**Funds**|**2020-21**|
||||£||£|£|£|£|£|
|**Income**||||||||||
|1 Donations and legacies|||||||||0|
|2 Income from monetary investments|
3.1a||43||1,612|17,179|||**18,834**|
|3 Income from investment properties|3.1b||250||324||||**574**|
|4 Assessments on Churches|3.1c||169,577||||||**169,577**|
|5 Capital Receipts/Loan Repayments|||22,000||||||**22,000**|
|6 Grants received|3.1d||10,000||||||**10,000**|
|7 Other charitable income|3.1e||12,895||||||**12,895**|
|8**Total income**|||**214,765**||**1,936**|**17,179**|**-**|**-**|**233,880**|
|**Expenditure**||||||||||
|9 Grants and donations|3.2a||11,700||||||**11,700**|
|10 Salaries and associated costs|||134,586||||||**134,586**|
|11 Property maintenance ( inc Ins & Utilities|||2,581|||2,917|||**5,498**|
|12 Connexional assessment & model trust levy|||32,946||138,116||||**171,062**|
|13 District Assessment & Levy|||10,390||2,043||||**12,433**|
|14 Depreciation/Loans made|3.2b||3,000||||||**3,000**|
|15 Office expenses|||1,562||||||**1,562**|
|16 Other outgoings|||3,640||163|18,128|||**21,931**|
|17**Total charitable expenditure**|||**200,405**||**140,322**|**21,045**|**0**|**0**|**361,773**|
|18 Gains/(losses) on monetary investments|||||||||0|
|19 Gains/(losses) on investment properties||-|261,675
||439,603||||**177,928**|
|20**Net income/(expenditure)**|||**-247,315**||**301,217**|**-3,866**|**0**|**0**|**50,035**|
|21 Transfers between funds|||2,762|-|10,000
|7,238|||0|
|22 Other gains/(losses)/loans Due|||||14,829||||**14,829**|
|23**Net movement in funds**|||**-244,553**||**306,046**|**3,372**|**0**|**0**|**64,864**|
|24 Total funds brought forward|||1,344,932||81,729|21,454|82||1,448,197|
|**25 Total funds carried forward**|||**1,100,379**||**387,775**|**24,826**|**82**|**-**|**1,513,061**|
Name of Circuit
**Circuit No 18/19**
## **Lancashire West**
## **Balance Sheet as at 31 August 2022**
|**Note**
**Accoun**
**Fixed Assets**|**Note**
**Accoun**
**Fixed Assets**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|**s**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trusts**
**(Unrestricted)**
**Designated**
**Funds**
**(Unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
£
£
£
793,974
793,974
6,674
6,674
0
**800,648**
**0**
**0**
**0**
**0**
**800,648**
-351
-351
36,828
36,828
506,800
506,800
109
15,000
15,109
6,830
4,436
547
11,813
**43,416**
**506,800**
**19,436**
**547**
**0**
**570,199**|GN
**Totals**
**2020/21**
£
1,017,219
R
5,829
R
**1,023,048**
28,400
S
30,828
390,775
26,867
T
13,144
**490,014**
U
V
**0**
**490,014**
**1,513,062**
V
**1,513,062**
W
1,100,379
387,775
W
24,826
**1,512,980**
**82**
**1,513,062**|
|---|---|---|---|---|---|---|---|---|---|
|Circuit Manses & Equipment||793,974|||||793,974|||
|Investmentproperties||6,674||||6,674||||
|Investments|||||||0|||
|**_Total fixed assets_**||**800,648**|**0**|**0**|**0**|**0**|**800,648**|||
|**Current Assets**||||||||||
|Debtors||-351|||||-351|||
|Loans bythe Circuit||36,828|||||36,828|||
|Investments with TMCP|||506,800||||506,800|||
|Central Finance Board Deposits||109||15,000|||15,109|||
|Cash at Bank and in hand||6,830||4,436|547||11,813|||
|**_Total current assets_**||**43,416**|**506,800**|**19,436**|**547**|**0**|**570,199**|||
|**Current liabilities**||||||||||
|Creditors (due in under 1 year)||10,000|||||10,000|||
|Grantspayable within 2021-22|||||||0|||
|**_Total current liabilities_**||**10,000**|**0**|**0**|**0**|**0**|**10,000**||**0**|
|**_Net current assets/liabilities_**||**33,416**|**506,800**|**19,436**|**547**|**0**|**560,199**||**490,014**|
|||||||||||
|**_Total assets less current liabilities_**||**834,064**|**506,800**|**19,436**|**547**|**0**|**1,360,847**||**1,513,062**|
|||**0**
**0**
**0**
**834,064**
**506,800**
**19,436**
**547**
**0**
**1,360,847**
834,064
834,064
506,800
506,800
19,436
19,436
**1,360,300**
**547**
547
**0**
0
**834,064**
**506,800**
**19,436**
**547**
**0**
**1,360,847**||||||||
|**Long term liabilities**
**(due after more than oneyear)**||||||||||
|Grantspayable after 2021-22|||||||**0**|||
|Loans to the Circuit|||||||**0**|||
||||||||**0**|||
|**_Net assets_**||**834,064**|**506,800**|**19,436**|**547**|**0**|**1,360,847**|||
|**Funds of the Circuit**||||||||||
|General Fund(Unrestricted)||834,064|506,800
19,436
**547**
**0**||||834,064||1,100,379|
|Circuit Model Trust Fund (Unrestricted)|||506,800||||506,800||387,775|
|Designated Funds(Unrestricted)||||19,436|||19,436||24,826|
|**_Total Unrestricted Funds_**|||||||**1,360,300**||**1,512,980**|
|Restricted Funds|||||**547**||547||**82**|
|Endowment Funds||||||**0**|0|||
|**_Total Funds_**||**834,064**|**506,800**|**19,436**|**547**|**0**|**1,360,847**||**1,513,062**|
Signed
Circuit Treasurer
**Notes to the Accounts 21/22**
## **1 Basis of accounting**
The financial statements have been prepared under 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
## **2 Funds**
The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Details of each material fund is disclosed in the final note to these accounts. Any funds may be represented by more than just cash.
## **3 Accounting policies Basis**
These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities. Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
## **3.1 Incoming Resources**
Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
**a)** Income from monetary investments relate to CFB & CTMP account interst
- **b)** See note on investment properties. 4.1
**c)** Income from assessments on circuit churches on formula of ‘ability to pay’ basis.
- **d)** Grant from Individual church to support additional Presbyter stipend increase
- **e)** Other income includes & relates to assessments not identified above (£2092)
## **3.2 Resources Expended**
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.
## a) Grants
Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. Grants were made to the Connexion Departments and circuit churches to further their mission work and/or make property refurbishments to enable mission outreach.
## b) Loans
Loans to churches are made to support work or/and mission with an interest free three year payback perod(Emmanuel) or in the case of Tarleton church, to meet fees until church land has been sold
## **3.3 Tangible fixed assets for use by the Circuit**
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. The circuit property (Manses) is shown in the accounts at insured re-instatement value, the latest being professionally carried out in 2016. No depreciation is provided on the buildings because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. See note on the investment properties. Insured value of equipment for use throughout the Circuit, has been, and will be re-valued each year end
## **4.1 Investment Properties**
With the exception of the land known as Roby Mill, no property is currently deemed to not be held for the long term purposes of the charity.
**a)** In 2016/17, the property known as ‘Roby Mill’ was disposed of but a piece of ‘Nursery Land’ retained with no specific value which is leased to an Allottment Group as approved by the Custodian Trustees
**b** )There are no additional investment properties, however one of two manses was not occupied by a minister in over the last 3yrs and is being rented out to provide accommodation for a family of Afgan Refugees. This is seen as a medium to short term arrangement, and may be reclassified as investment property in future years accounts
.
**c)** The number of circuit presbyters has been reduced from 4 to 3. Two are using their home as a 'Manse' so one further manse has been sold with a net value of £227574 after fees and levies payable. The proceeds have been invested at CFB/TMCP with the intention a purchasing a replacement when suitable property becomes available.
## **4.2 Investments**
Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.
## **4.3 Debtors and Prepayments**
Prepayments on September stipends and associated costs.
## **4.4 Creditors**
Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.
## **5 Payment to Trustees**
There were no payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting except those who perform the duties of Local Preachers, Supernumeraries and Circuit stewards for travel reimbursement only. Costs are included in ‘Other outgoings’ - see line 16 in SOFA
## **Trustee expenses**
||20/21|2021/22|
|---|---|---|
|Number of Trustees|
6|6|
|Total Amount|£150|£1,025|
## **6 Fees for examination or audit of the accounts**
|**nation or audit of the accounts**|||
|---|---|---|
|Independent examiner’s or auditors'
fees for reporting on the accounts
Other fees (eg: advice, accountancy
services) paid to the independent
examiner or auditor|20/21|2021/22|
||NIL|NIL|
||NIL|NIL|
## **7 Paid employees**
**Staff Costs paid during the year** Gross wages, salaries and benefits Employer’s National Insurance Pension costs Total staff costs
## **Average number of full-time**
|20/21|21/22|
|---|---|
|£17,439|£23,166|
|£0|£0|
|£1,113|£1,390|
|£18,552|£24,556|
|||
|1.5|1.5|
## **8 Capital Commitments and Contingent Liabilities**
At the 31st August 2022 there are no capital commitments.
No Contingent liabilities were identified at 31st August 2022
## **9 Tangible Fixed Assets**
|**Fixed Assets**||||||
|---|---|---|---|---|---|
||**Cost or valuation**|||||
||**Land**|**Manses**|**buildings**|**fittings**|**Total**|
||**£**|**£**|**£**|**£**|**£**|
|Balance brought forward|5829|1,015,517||1702|1,023,048|
|Revaluations(+/-)|845|91,244||-426|91,663|
|Disposals(-)||314,063|||314,063|
|Transfers *(+/-)|||||-|
|Balance carried forward|6,674|792,698||1,276|800,648|
## **Accumulated depreciation**
|Balance brought forward||||||
|---|---|---|---|---|---|
|Depreciation charge for
year (-)||||0|0|
|Revaluations (+/-)||||||
|Disposals (-)||||||
|Transfers* (+/-)||||||
|Balance carried forward||||0|0|
## **Net book value**
|Brought forward|5,829|1,015,517|_0_|1,702|1,023,048|
|---|---|---|---|---|---|
|Carried forward|6,674|792,698|0|1,276|800,648|
## **10 For information only Money received and passed on to External Organisations**
|**Balance brought forward from last year**
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
**Balance carried forward**|2020/21|21/22|
|---|---|---|
||0|0|
||2085|2100|
||2085|2100|
||0|0|
**11 Investment Assets** The Circuit has no additional assets - see note 4
**12 Loans** The Circuit has no current loans due
## **13 Summary of fund movements 2022**
|**Fund**|**Balance at 1st**
**Sept 2021**|**Income**|**Expenditure**|**Transfers**|**Gains/Loss**|**Balance at**
**31st Aug 2022**|
|---|---|---|---|---|---|---|
|**Unrestricted & Undesignated**|£|£||£||£|
|General|1,100,379|174,490|223,940|49413|-266,278|**834,064**|
|Circuit Model Trust|387,775|9,244|135,127|-57000|301909|**506,801**|
|**Total**|**1,488,154**|**183,734**|**359,067**|**7,587**
**-**|**35,631**|**1,340,865**|
|**Designated**||||||**0**|
|Property Account|21,209|7,745|20,213|7587||**16,328**|
|Emergensies & Removals|3,617|-|510|0|-|**3,107**|
|**Total**|**24,826**|**7,745**|**20,723**|**7,587**|**0**|**19,435**|
||||||||
|**Total Unrestricted**|**1,512,980**|**191,479**|**379,790**|**-**|**35,631**|**1,360,300**|
|**Restricted**|||||||
|Love Beyond our Shores Project|**82**|4,295|3,830|0||**547**|
|||||||**0**|
|**Total Restricted & Endowment**|**82**|**4,295**|**3,830**|**-**|**-**|**547**|
||||||||
|**Total of all funds**|**1,513,062**|**195,774**|**383,620**|**-**|**35,631**|**1,360,847**|
## **Analysis of Net Assets Between Funds**
**Fund balances at August 2022 are represented by :**
||**Balance at 1st**
**Sept 2021**|**General Fund**|**Circuit Model**
**Trust Fund**|**Designated**
**Funds**|**Restricted &**
**Endowment**
**Funds**|**Balance at**
**31st Aug 2022**|
|---|---|---|---|---|---|---|
|Tangible Fixed Assets|1,023,048|800,648||||800,648|
|Fixed Asset Investments||-||||-|
|Investments||||||-|
|Current Assets|**490,014**|33,416|506,800|19,436|547|560,199|
|Current Liabilities||-||||-|
|Creditors Due After one Year|**-**|-||||-|
|**Total Fund Value**|**1,513,062**|**834,064**|**506,800**|**19,436**|**547**|1,360,847|
## **GUIDANCE NOTES**
**Please see sparate document 'suggested framework for Circuit annual report'. This shows examples of items to include in the annual report. Use this as guidance to write the annual report.**
..No1W19......
Declarations and Scrutiny
frn Ihe rerxxds C*curt indwje •M mder lts conlrol cl the crt
271h F•lffti th123...........
In¢hp•nd•nt Ex•mln•rf• R•port lo th• Tru•l•w ol th•
L•nc••hlr• Wmt IA•thodl•t Clrcutt
Ch•rlty NurnIr 1134
for J•w •nd•d 31 A*1 2022 1•1 p•J•• 1 .. to 8 A• lh• Circurt's trtty,
charrt 2011 IYh• fvA'I
cnty cL¥nmM1 under •ell 1445Mbl ol Aci
Name olC*vJ* ..... L•nca•hlrn WMI IA•thodl•t
No...1W19...
by b•iTrJ • qu•lif•J m•N*w cl .
that in. *ny mDIBnml rnw>eL£
Finance Boaryl ol Melh¢>JiBt Churth w• KKlThwJuaty d£10.fKM) It•n
pwl•l •1 d•l•.
gJA