**Lincoln Methodist Circuit** TRUSTEES' ANNUAL REPORT – Year ending 31 AUGUST 2021
## **INTRODUCTION:**
This is the Trustees' Annual Report for Lincoln Methodist Circuit, a circuit consisting of nineteen active Methodist churches (two are Local Ecumenical Partnerships). COVID has meant fewer church services and attendees. However, COVID has created an opportunity to develop on-line services.
## **AIMS AND ORGANISATION:**
The vision for the circuit is: _**'FOLLOWING JESUS, CONNECTING COMMUNITIES, SERVING TOGETHER'.**_
- The Circuit employs four full-time ministers and one part-time minister who oversee the work of the Churches. One full-time minister works 40% of their time in the circuit, he is also the Agricultural Chaplain. Two active supernumerary ministers support the ministers. The circuit also employs two part-time administrators. The circuit also employs an EDEN Team Manager (Message Trust) at one of the churches.
- Governance of the circuit is by the members/trustees of the Circuit Meeting, constitutionally derived from three members of each church council. The day-to-day management of the circuit falls to the Circuit Leadership Team (CLT).
- The CLT comprises of the ministers, employees and currently four circuit stewards appointed annually by the circuit meeting (who normally hold office for no longer than six years).
- The circuit promotes, supports, and funds the ‘Message Trust’ – Eden Project, which seeks to reach out to the people of the community and offer support, compassion, and grace.
- The circuit produces a quarterly preaching plan to ensure regular acts of worship take place in each church although these were replaced by on-line services during the lock-down in April and May. These are open to all people, without a charge. There is a ‘Methodist Housing Association’ (MHA) home in the circuit and an act of worship takes place there every Sunday afternoon when restrictions allow.
- The circuit also produces a quarterly newsletter to inform churches of updates and events.
- The circuit supports the work of the ‘Road Hog’ through donations and personnel, a bus that visits local housing estates, schools (during term time), galas, church barbecues, outreach events etc. Around the city of Lincoln and in nearby villages. It offers a comfortable place to sit, a safe environment with people who genuinely care, and used in a variety of ways to support the work of local churches. Unfortunately, COVID restrictions have meant the bus has been unable to provide its normal schedule of work.
- ‘Causeway Prospects’ continue to work in partnership with people with special needs across the area.
Friday, 10 June 2022
**Lincoln Methodist Circuit** TRUSTEES' ANNUAL REPORT – Year ending 31 AUGUST 2021
- Three churches in the circuit offer community support as distribution centres for ‘Community Larder’ and ‘Lincoln Foodbank’ and more recently ‘Community Grocery’ too.
- The other churches of the circuit support the ‘Community Larder,’ ‘Lincoln Foodbank’ and the ‘YMCA’ by encouraging individuals to donate suitable foodstuffs via the churches. Many of the churches also donate the gifts of food received through Harvest Festivals and local shops.
- The congregations and individuals actively support with donations and collections at Christmas services young person’s charities such as ‘Action for Children’ and ‘The Children’s Society.’
- One church is a branch of the debt action charity ‘Christians Against Poverty’ (CAP), aided by grants and support from the circuit and outside organisations and other denominations.
- Two churches host _‘Night Light Café’_ offering crisis help and support.
- Many churches are actively involved with a city-wide initiative, ‘Food in School Holidays (FISH),’ providing food vouchers to families in need during the school holidays.
## **REVIEW OF THE YEAR:**
The Covid pandemic has impacted most church communities within the circuit, there has been little opportunity for fundraising and lettings income has ceased. Even with the continual change in restrictions, the churches have tried to maintain all their usual activities in various innovative ways, such as:
- Carers and Tots groups meet in churches and provide great opportunities for young parents and carers to meet and support each other, church members organizing the groups can offer help and guidance.
- Schoolgator’s project is operating at Burton Road providing support to parent’s and reducing any feelings of isolation.
- Monthly men’s and women’s breakfasts take place, usually with an outside speaker, in a relaxed setting away from church premises, but COVID has seriously impacted on their delivery.
- COVID has meant that normal Luncheon Clubs that operate in some churches and providing a vital link to local communities, ensuring that those who attend receive at least one hot meal a week, and giving them a chance to meet and socialise with others, have had to close temporarily.
- Many churches have fellowship groups or cells meeting during the week to strengthen and develop their Christian faith through interaction, sharing experiences and study. The circuit also provides specific materials to allow a common study across all the groups (such as Lent and Advent). The use of video platforms such as Zoom has increased greatly.
- Family film nights continue to be popular, though fewer.
Friday, 10 June 2022
**Lincoln Methodist Circuit** TRUSTEES' ANNUAL REPORT – Year ending 31 AUGUST 2021
- Family services are held across the circuit. Where there are associated uniformed groups Parade Services are held that can also attract parents to church. ‘Messy Church’ services also take place which involve all age groups working and worshipping together.
- There are good relationships with local schools and Ministers frequently lead school assemblies.
- All members and regular attendees have Pastoral Visitors allocated to them, who visit them and maintain an awareness of their well-being. Concerns are referred to the relevant Minister with pastoral oversight, who will also visit them when possible.
- The circuit maintains a presence on the web, with a website and Facebook page. Those seeking information or wishing to share their concerns can contact the appropriate Circuit Officers via email.
## **INCOME TRENDS:**
The primary source of Circuit income is derived from the assessment paid by the circuit churches.
## **EXPENDITURE TRENDS:**
- Expenditure for the year was kept within budget guidelines.
- Stipend expenditure has increased each budget year in line with conference approved increases.
- Eighteen percent of expenditure is the circuit contribution to the District and Connexion, of which a significant part funds the work of the wider Methodist Church.
- The other expenditure includes maintenance of manses, ministerial travel, telephone, stationery etc.
- The circuit supports the work of the RoadHog through a grant of £10k and CAP through a £3.5k grant both annually.
## **FUND BALANCES:**
As of 31 August 2021, the net current assets of the circuit are £847k (General A/C £188k, CFB £169k Model Trust £490k). Funds have been designated for circuit/church projects (£325k) and various internal and external missional projects (restrictions apply). There are adequate reserves to cover six months of expenditure as part of the circuit reserves policy. The circuit also has six properties in its portfolio, which are manses for the ministers.
## **PLANS FOR 2021/2022:**
This is the fifth year of Lincoln Methodist Circuit.
The CLT continues to navigate issues affecting the circuit, especially considering the restrictions imposed due to the COVID19 pandemic. Work continues to develop the vision and strategy of the circuit. Changes in Methodist Policy and trusteeship present new opportunities for the kingdom.
Friday, 10 June 2022
**Circuit Accruals Accounts 2020-21**
## **THE METHODIST CHURCH**
# **REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2021**
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LINCOLN Circuit
Registered Charity - Registration number 1134886
Lincolnshire Circuit No 17/2
Ministers Rev Alan Swann
Rev Dr Helen Hooley (left 31st August 2021)
Rev Canon Alan Robson
Rev David Lawton
Rev Gjula Fiak
Rev Margaret Doughty
Circuit Stewards Dr Ian Lacy (Left 30th September 2021)
Miss Eleanor Downie
Miss Sheila Downie
Richard Wills (from 15th September 2021)
Circuit Treasurer Mr Alan Measures
**----- End of picture text -----**
Name of Circuit
**Lincoln**
Circuit No **17/2**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2021**
|**Notes to**|**Notes to**||**Circuit Model**|**Designated**||||
|---|---|---|---|---|---|---|---|
||**the**|**General Fund**|**Trust**|**Funds**|**Restricted**|**Endowment**|**Total**|
|**accounts**||
**(Unrestricted)**|**(Unrestricted)**|**(Unrestricted)**|**Funds**|**Funds**|**2020-21**|
|||£|£|£|£|£|£|
|**Income**||||||||
|1 Donations and legacies|4|**55,682.60**|0|**0.00**|**2,236.00**|**0.00**|**57,919**|
|2 Income from monetary investments|5|**280.34**|**1,782.89**|**25.79**|**0.96**|**0.00**|**2,090**|
|3 Income from investment properties|3|**7,855.68**||**0.00**|**0.00**|**0.00**|**7,856**|
|4 Assessments on Churches||**331,536.67**||**0.00**|**0.00**|**0.00**|**331,537**|
|5 Capital Receipts|6|**-200,000.00**|**463,759.40**|**0.00**|**0.00**|**0.00**|**263,759**|
|6 Grants received||**0.00**||**0.00**|**19,350.00**|**0.00**|**19,350**|
|7 Other charitable income||**12.00**||**0.00**|**0.00**|**0.00**|**12**|
|8**Total income**|7|**195,367**|**465,542**|**26**|**21,587**|**0**|**682,522**|
|**Expenditure**||||||||
|9 Grants and donations||9,160|9,630|1,241|25,000|0|**45,031**|
|10 Salaries and associated costs|10|163,754||0|29,052||**192,806**|
|11 Property maintenance||56,379|12,693|0|0|0|**69,072**|
|12 Connexional assessment & levy on sales||59,908|145,504|0|0|0|**205,412**|
|13 District Assessment & Model Trust levy||18,400|27,673|0|0|0|**46,073**|
|14 Depreciation|||||||**0**|
|15 Office expenses||23,570||15|2,092|0|**25,677**|
|16 Other outgoings||26,178|996|0|0|0|**27,174**|
|17**Total charitable expenditure**||**357,349**|**196,496**|**1,256**|**56,144**|**0**|**611,245**|
|18 Gains/(losses) on monetary investments||0|1,334||||1,334|
|19 Gains/(losses) on investment properties||0|0|0|0|0|0|
|20**Net income/(expenditure)**||**(161,981)**|**270,380**|**(1,231)**|**(34,557)**|**0**|**72,611**|
|21 Transfers between funds||342,711|(363,491)|(13,358)|34,138|||
|22 Other gains/(losses)||0|0|0|0|0|0|
|23**Net movement in funds**||**180,730**|**(93,111)**|**(14,589)**|**(419)**|**0**|**72,611**|
|24 Total funds brought forward||2,077,997|485,643|226,727|2,115|0|2,792,481|
|**25 Total funds carried forward**||**2,258,727**|**392,531**|**212,138**|**1,696**|**0**|**2,865,092**|
Name of Circuit
**Lincoln**
Circuit No **17/2**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2020**
|**Notes to**|**Notes to**||**Circuit Model**|**Designated**||||
|---|---|---|---|---|---|---|---|
||**the**|**General Fund**|**Trust**|**Funds**|**Restricted**|**Endowment**|**Total**|
|**accounts**||
**(Unrestricted)**|**(Unrestricted)**|**(Unrestricted)**|**Funds**|**Funds**|**2020-21**|
|||£|£|£|£|£|£|
|**Income**||||||||
|1 Donations and legacies|4|23,472|||1,582||25,053|
|2 Income from monetary investments|5|1,872|4,473|66|6||**6,416**|
|3 Income from investment properties|3|7,908|||||**7,908**|
|4 Assessments on Churches||332,408|||||**332,408**|
|5 Capital Receipts|6||||||**0**|
|6 Grants received|||||20,500||**20,500**|
|7 Other charitable income|7||||||**0**|
|8**Total income**||**365,659**|**4,473**|**66**|**22,088**|**0**|**392,285**|
|**Expenditure**||||||||
|9 Grants and donations||3,850|20,000|20,887|6,200||**50,937**|
|10 Salaries and associated costs|10|193,107|||29,724||**222,832**|
|11 Property maintenance||34,948|||||**34,948**|
|12 Connexional assessment & levy on sales||63,050|||||**63,050**|
|13 District Assessment & Model Trust levy||11,950|32,411||||**44,361**|
|14 Depreciation|||||||**0**|
|15 Office expenses||26,850|||3,506||**30,356**|
|16 Other outgoings||35,411|1,098|15|||**36,524**|
|17**Total charitable expenditure**||**369,166**|**53,508**|**20,902**|**39,430**|**0**|**483,007**|
|18 Gains/(losses) on monetary investments|||(130)||||(130)|
|19 Gains/(losses) on investment properties|||||||0|
|20**Net income/(expenditure)**||**(3,507)**|**(49,166)**|**(20,837)**|**(17,343)**|**0**|**(90,852)**|
|21 Transfers between funds|||(14,000)|1,270|12,730||0|
|22 Other gains/(losses)|||||||0|
|23**Net movement in funds**||**(3,507)**|**(63,166)**|**(19,567)**|**(4,612)**|**0**|**(90,852)**|
|24 Total funds brought forward||2,081,504|548,808|246,294|6,727||2,883,333|
|**25 Total funds carried forward**||**2,077,997**|**485,643**|**226,727**|**2,115**|**0**|**2,792,481**|
Name of Circuit
**Circuit No 17/2**
## **Lincoln**
## **Balance Sheet as at 31 August 2021**
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General Fund Circuit Model Designated Restricted Endowment Totals 2021
(Unrestricted) Trusts Funds Funds Funds
Notes to the (Unrestricted) (Unrestricted)
Accounts £ £ £ £ £ £
Fixed Assets
Circuit Properties 11 2,116,551 2,116,551
Investment properties 0
Investments 12 8,601 8,601
Total fixed assets 2,116,551 8,601 0 0 0 2,125,152
Current Assets
Debtors 13 14,458 14,458
Loans by the Circuit 16 53,651 53,651
Trustee Investment Fund at TMCP 0 383,931 7,464 391,395
Central Finance Board Deposits 11,268 158,082 669 170,019
Cash at Bank and in hand 13 115,581 46,592 26,527 188,699
Total current assets 194,958 383,931 212,138 27,196 0 818,222
Current liabilities
Creditors (due in under 1 year) 14 52,781 52,781
Grants payable within 2021-22 25,500 25,500
Total current liabilities 52,781 0 0 25,500 0 78,281
Net current assets/liabilities 142,176 383,931 212,138 1,696 0 739,941
Total assets less current liabilities 2,258,727 392,531 212,138 1,696 0 2,865,092
Long term liabilities
(due after more than one year)
Grants payable after 2021-22 0
Loans to the Circuit 0
0
Net assets 2,258,727 392,531 212,138 1,696 0 2,865,092
Funds of the Circuit
General Fund (Unrestricted) 2,258,727 2,258,727
Circuit Model Trust Fund (Unrestricted) 392,531 212,138 604,669
Total Unrestricted Funds 2,863,397
Restricted Funds 1,696 1,696
Endowment Funds 0 0
Total Funds 2,258,727 392,531 212,138 1,696 0 2,865,092
**----- End of picture text -----**
Signed
Circuit Treasurer
Name of Circuit
**Circuit No 17/2**
## **Lincoln**
## **Balance Sheet as at 31 August 2020**
**----- Start of picture text -----**
General Fund Circuit Model Designated Restricted Endowment
(Unrestricted) Trusts Funds Funds Funds
Notes to the (Unrestricted) (Unrestricted)
Accounts £ £ £ £ £
Fixed Assets
Circuit Properties 11 1,964,606
Investment properties
Investments 12 7,267
Total fixed assets 1,964,606 7,267 0 0 0
Current Assets
Debtors 13 11,106
Loans by the Circuit 16 53,651
Trustee Investment Fund at TMCP 478,376 7,668
Central Finance Board Deposits 14,478 219,059 668
Cash at Bank and in hand 13 108,550 18,947
Total current assets 187,784 478,376 226,727 19,615 0
Current liabilities
Creditors (due in under 1 year) 14 74,393
Grants payable within 2020-21 7,500
Total current liabilities 74,393 0 0 7,500 0
Net current assets/liabilities 113,391 478,376 226,727 12,115 0
Total assets less current liabilities 2,077,997 485,643 226,727 12,115 0
Long term liabilities
(due after more than one year)
Grants payable after 2020-21 10,000
Loans to the Circuit
Net assets 2,077,997 485,643 226,727 2,115 0
**----- End of picture text -----**
## **Funds of the Circuit**
|General Fund (Unrestricted)
Circuit Model Trust Fund (Unrestricted)
**_Total Unrestricted Funds_**||2,077,997|||**2,115**|
|---|---|---|---|---|---|
||||485,643|226,727||
|||||||
|Restricted Funds
Endowment Funds
**_Total Funds_**||||||
||||||**0**|
|||**2,077,997**|**485,643**|**226,727**|**2,115**
**0**|
Signed
Circuit Treasurer
**Totals 2020** £
1,964,606 0 7,267 **1,971,873**
11,106 53,651 486,044 234,204 127,497 **912,501**
74,393 7,500 **81,893 830,608 2,802,481**
**10,000 0 0 2,792,481 2,077,997 712,369 2,790,366 2,115 0 2,792,481**
**Notes to the Accounts**
**Lincoln Circuit**
## **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 the Financial Reporting Standard for Smaller Entities applicable in the UK (effective from 1 January 2015) – the Charities SORP (FRSSE) – in replacement for the SORP’s 2005 version specified in its related 2008 Regulations and in accordance with the ‘true and fair override’ provision contained therein.
## **2 Funds**
The funds held include General Funds held for any purpose of the Circuit which are Unrestricted, the Circuit Model Trust Fund which has wide purposes defined in Standing Orders and is categorised as Unrestricted, Restricted funds which are held for a narrower purpose and are listed in the final Note below and Endowment funds which are also listed in that Note. 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.
## **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 they will receive the resources; and the monetary value can be measured with sufficient reliability.
## **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.
## **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. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.
## **VAT**
Since the Circuit is not VAT registered, all input VAT is charged with the expense to which it refers.
## **Tangible fixed assets for use by the Circuit**
These are capitalised if their anticipated reliable life is more than one year, and individually cost at least £2,000.
The freehold properties are shown in the accounts at 2015 deemed values , of which the land component in the opinion of the Trustees is £620,000. No depreciation is provided on any of the buildings because the trustees consider their current residual fair value (on the assumption that they had reached the end of their useful economic lives by the year-end) to be not less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.
## **Investment Properties**
The other surplus properties provide income to the circuit. 2 manses are currently for sale and the funds will be offset against a new manse bought by the circuit. The other manse and church are rented to provide income to the circuit. They are not held for their investment potential and are therefore included in Freehold Property, shown as Other Buildings in Note 8. The income is described in the SOFA as "income from Investment Properties" as a means of highlighting the materiality of the income.
## **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.
## **Debtors and Prepayments**
Debtors relate to the payment of the September stipends in August, a cost paid in advance of the service to be received.
## **Creditors**
Creditors relate to the receipt of money for Church Assessments due for September.
## **Impact of Accounting changes**
There are no Accounting changes
|**4. Donations and Legacies**
**Year to 31st August 2021**
Donations
Legacies
**Year to 31st August 2020**
Donations
Legacies
**5. Investment income**
**Year to 31st August 2021**
Central Finance Board
TMCP
Other
**Total**
**Year to 31st August 2020**
Central Finance Board
TMCP
Other
**Total**
**6. Capital Receipts**
**7. Other Charitable Income**|**Unrestricted**
**Circuit**
**Model**
**Trust Fund**
**Designated**
**£**
**£**
**£**
**-**
**-**
**23,472**
**23,472**
**-**
**-**
**-**
1,872
4,538
**1,872**
**4,538**
Sale of closed church|**Lincoln**
**Restricted Endowment**
**£**
**£**
**-**
**-**
**1,582**
**1,582**
**-**
**-**
**-**
**-**
**This year**
**£**
0
0|**Circuit**
**Total**
**£**
**-**
**-**
**-**
**-**
**25,053**
**-**
**25,053**
**-**
**-**
**-**
**-**
**-**
**1,872**
**4,538**
**-**
**6,410**
**Last year**
**£**
0
0
0
0|
|---|---|---|---|
## **8. Payment to Trustees**
With the exception of Stipends paid to ministers, no payments were made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting
|Number of trustees who were paid expenses
Nature of the expenses
Expense payments primarily relate to reimbursement for travel costs
Total Amount Paid
**10 Paid employees (including Ministers)**
**Staff costs paid during the year were:**
Gross wages, salaries and benefits in kind
Employer's National Insurance Costs
Pension Costs
Total Staff Costs
Average number of staff employed during the year were
**9. Fees for examination 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|**This year**
9
£
7,974
£
480
nil
£
155,924
25,436
11,446
192,806
9|**Last year**
10
£
14,336
£
480
nil
£
176,759
32,136
13,935
222,831
8|
|---|---|---|
**Lincoln**
**Circuit**
## **11. Tangible Fixed Assets**
Cost or valuation
**----- Start of picture text -----**
Cost or valuation Year to 31st August 2021
Residential Land Other Land Manses Other builidngs Total
£ £ £ £ £
Balance brought forward 330,309 50,000 1,434,297 150,000 1,964,606
Additions 351,945 351,945
0
0
Revaluations (+/-) 0
Disposals (-) 50,000 150,000 200,000
Transfers*(x/-) 0
Balance carried forward 330,309 0 1,786,242 0 2,116,551
Accumulated depreciation
**Basis SL or RB SL or RB
** Rate
Balance brought forward 0
Depreciation charge for year(-) 0
Revaluations (x/-) 0
Disposals (-) 0
Transfers* (x/-) 0
Balance carried forwards 0 0 0 0 0
Net book value
Brought forward 330,309 50,000 1,434,297 150,000 1,964,606
Carried forward 330,309 - 1,786,242 - 2,116,551
Cost or valuation Year to 31st August 2020
Residential Land Other Land Manses Other builidngs Total
£ £ £ £ £
Balance brought forward 330,309 50,000 1,434,297 150,000 1,964,606
Additions 0
0
0
Revaluations (+/-) 0
Disposals (-) 0
Transfers*(x/-) 0
Balance carried forward 330,309 50,000 1,434,297 150,000 1,964,606
Accumulated depreciation
**Basis SL or RB SL or RB
** Rate
Balance brought forward 0
Depreciation charge for year(-) 0
Revaluations (x/-) 0
Disposals (-) 0
Transfers* (x/-) 0
Balance carried forwards 0 0 0 0 0
Net book value
Brought forward 330,309 50,000 1,434,297 150,000 1,964,606
Carried forward 330,309 50,000 1,434,297 150,000 1,964,606
**----- End of picture text -----**
**Lincoln Circuit**
## **12. Investments**
The funds that support the Circuit Model Trust Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month.
TMCP is the legal owner and Custodian Trustee of all Methodist Trust Property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure 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.
**----- Start of picture text -----**
This year Last Year
£ £
Investments listed on a recognised Stock Exchange 0
Investments held in common investment funds, 8,601 7,267
Securities not listed on a recognised Stock Exchange
Other investments
Total 8,601 7,267
Change in investment values £ £
Carrying (market) value at beginning of year 7,267 7,397
Add: additions to investments at cost 0
Less: disposals at carrying value 0
N et gain/(loss) on revaluation 1,334 (130)
Carrying (market) value at end of year 8,601 7,267
13. Analysis of current assets £ £
Debtors and prepayments
Pre paid assessments
Accrued income
Other debtors 14,458 11,106
Total debtors and prepayments 14,458 11,106
Analysis of cash at bank
Bank balance held in Lloyds Bank Plc 115,581 127,497
Total Cash and Bank 115,581 127,497
14. Analysis of current liabilities and long term creditors
Trade Creditors
Other Creditors 74,393
Total Current Liabilities 0 74,393
**----- End of picture text -----**
## **15. Capital Commitments and Contingent Liabilities**
At 31st August 2021 the Circuit has no capital commitments (2020:Nil).
No Contingent liabilities were identified at 31st August 2021 (2020: None).
## **16. Loans**
A loan was made from the Circuit Model Trust Fund to Central Methodist Church to facilitate urgent repairs to both church towers. No date for repayment has been agreed. The Loan outstanding at 31st August 2021 was £53,651 (2020: £53,651)
**Lincoln Circuit**
**17. Detailed analysis of individual fund movements**
**Year ended 31st August 2021**
## **Unrestricted Funds**
**----- Start of picture text -----**
Unrestricted Fund Name Opening Income Expenditure Transfers Closing Purpose of the fund
Balance Balance
£ £ £ £ £
General 2,077,997 2,077,997 Day to day income and expenditure
Model Trust 485,643 485,643 To serve the needs of the Circuit in Mission & Outreach
Designated 219,059 0 0 0 219,059 (See Below)
Totals 2,782,698 0 0 0 2,782,698
Designated and Restricted Funds
Fund Name Opening Income Expenditure Transfers Closing Purpose of the fund
Balance Balance
£ £ £ £ £
Designated Funds
Mission Fund 84,643 84,643 To serve the needs of the Circuit in Mission & Outreach
Mission Grants 47,833 47,833 To serve the needs of the Circuit in Mission & Outreach
Emergency Property Fund 86,583 86,583 To serve the needs of the Circuit and Church Buildings (contingency)
0 0
Totals 219,059 0 0 0 219,059
Restricted Funds
Eden Project 0 0 Message Trust
God Pod 2,115 2,115 God Pod Bus Ministry
CAP Grants 0 0 Christians Against Poverty
Totals 2,115 0 0 0 2,115
Endowment Name How the capital is invested Current value of capital Annual income What the income was used for
£ £
Totals 0 0
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The reasons for the transfers between funds were as follows:
**Lincoln Circuit**
**17. Detailed analysis of individual fund movements Unrestricted Funds**
**Year ended 31st August 2020**
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Unrestricted Fund Name Opening Income Expenditure Transfers Closing Purpose of the fund
Balance Balance
£ £ £ £ £
General 2,081,504 365,659 369,166 0 2,077,997 Day to day income and expenditure
Model Trust 548,808 4,473 53,639 -14,000 485,643 To serve the needs of the Circuit in Mission & Outreach
Designated 238,676 0 20,887 1,270 219,059 (See Below)
Totals 2,868,988 370,132 443,691 -12,730 2,782,698
Designated and Restricted Funds
Fund Name Opening Income Expenditure Transfers Closing Purpose of the fund
Balance Balance
£ £ £ £ £
Designated Funds
Mission Fund 97,373 (12,730) 84,643 To serve the needs of the Circuit in Mission & Outreach
Mission Grants 48,393 14,560 14,000 47,833 To serve the needs of the Circuit in Mission & Outreach
Emergency Property Fund 90,000 3,417 86,583 To serve the needs of the Circuit and Church Buildings (contingency)
Fire Risk Assessments 2,910 2,910 0 To serve the needs of the Circuit in Mission & Outreach
Totals 238,676 0 20,887 1,270 219,059
Restricted Funds
Eden Project 0 20,500 33,230 12,730 0 Message Trust
God Pod 6,727 1,588 6,200 2,115 God Pod Bus Ministry
CAP Grants 0 0 Christians Against Poverty
Totals 6,727 22,088 39,430 12,730 2,115
Endowment Name How the capital is invested Current value of capital Annual income What the income was used for
£ £
Totals 0 0
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The reasons for the transfers between funds were as follows:
## **Lincoln Circuit DECLARATIONS**
## **Treasurer**
I confirm that these accrual based accounts for the year ended 31 August 2021 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting.
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Signature of Treasurer Alan Measures Date 17-Jan-22
Name Alan Measures
Address 13 Bridge Place, Saxilby, Lincoln LN1 2QA
Presentation to the Circuit Meeting for approval.
I confirm that the annual report and accounts for the year ended 31 August 2021 were 30-Mar-22
presented to the Circuit Trustees at their meeting on
and were approved.
Signature of the Chair of the meeting Reverend Alan Swann
Name of the Chair of the meeting Rev Alan Swann
Date 30-Mar-22
___________________________________________________________________________
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## **Independent Examiner’s Report to the Trustees of the**
## **Lincoln Circuit**
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Circuit
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## **Responsibilities and basis of Report**
I report to the trustees on my examination of the accounts of the Lincoln Circuit for the year ended 31 August 2021. 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.
## **Lincoln Circuit**
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **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; or
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/have not* 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 at the balance sheet date.
_* Please delete as appropriate_
|Name||||SPENCE ACCOUNTING LTD|SPENCE ACCOUNTING LTD||
|---|---|---|---|---|---|---|
||||||||
|Signature||||_Colette Spence_|||
|Relevant|Professional||qualification or body||||
||||||||
||||||||
|Address|||1 Stirlin Court, Saxilby Enterprise Park, Saxilby Lincoln LN1 2LR||||
||||||||
|Date|||||||
## **GUIDANCE NOTES**
**There is an exemplar within the guidance notes produced by The South Bedfordshire Methodist Circuit.**
**All the items included in the notes to the accounts for this Circuit may not be applicable to your Circuit. Please choose those that are applicable your notes to the accounts.**
## **Important note:**
**Comparatives for the summary of assets and liabilities of each category of fund of the charity and for the detail in the movements in material in Therefore notes BS10 and BS 11 need to be reproduced to cover the previous year (2015-2016).**
I to you and produce
)dividual f unds.
## **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.**
To be completed by Circuits with total income and endowments of more than £500,000
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Name of Circuit Circuit No
Cash flow statement for the year ended 31 August 2018
2018 2017
Statement of cash flows Note £ £
Cash from operating activities
Net cash used in operating activities 0 0
Cash flows from investing activities
Dividends,interest and rents from investments
Proceeds from the sale of property,plant and equipment
Purchase of property,plant and equipment
Purchase of intangible assets
Proceeds from the sale of investments
Purchase of investments
Other
Net cash provided by investing activities 0 0
Cash flows from financing activities
New borrowing
Repayments of borrowing
Net cash used in financing activities 0 0
Change in cash and cash equivalents in the reporting period 0
Cash and cash equivalents at the beginning of the reporting period 0
Cash and cash equivalents at the end of the reporting period 0 0
2017 2016
Reconciliation of net income to net cash flow from operating activities £ £
Net income for the reporting period ( as per statement of financial activities)
Adjustments for:
Depreciation and amortisation charges
Profit on the sale of fixed assets
Loss on the sale of fixed assets
Gains on investments
Dividends, interest and rents from investments
Decrease/(increase) in stocks
(increase)/decrease in debtors
increase/(decrease) in creditors
Net cash used in operating activities 0 0
2017 2016
Analysis of cash and cash equivalent £ £
Cash in hand
Short term deposit (less than 3 months)
Total cash and cash equivalents 0 0
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## **Lincoln Circuit**
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **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; or
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/have not* 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 at the balance sheet date.
_* Please delete as appropriate_
|Name||||SPENCE ACCOUNTING LTD|SPENCE ACCOUNTING LTD|SPENCE ACCOUNTING LTD|SPENCE ACCOUNTING LTD||
|---|---|---|---|---|---|---|---|---|
||||||||||
|Signature|||||_Colette Spence_||||
|Relevant|Professional||qualification or body||||||
||||||||FMAAT||
||||||||||
|Address|||1 Stirlin Court, Saxilby Enterprise||||Park, Saxilby Lincoln LN1 2LR||
||||||||||
|Date|||_11/03/2022_||||||