2024-08-31-accounts - Lincoln Methodist Circuit

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Lincoln Circuit (17/2) Registered Charity No: 1134886

Lincoln Circuit Trustees’ Annual Report Introduction

We are pleased to present the Trustees’ Annual Report for The Lincoln Circuit, which is part of the Methodist Church in Britain. As a Christian faith organisation, we respond to Jesus’s message of God’s love by living out our discipleship in worship and mission.

The Lincoln Circuit embraces eighteen worshipping communities in churches across the Greater Lincoln area. Our role is to support these churches in their worship, mission and service. In addition, we reach beyond our own membership, proclaiming the gospel of Jesus in practical ways that serve the spiritual and physical well-being of people in our area and in the wider world.

As trustees we take our responsibilities seriously and our hope is that the formality of this report is received as part of the creative narrative of our purposes being fulfilled.

Revd Richard Mottershead Superintendent Minister at the date of this report

Richard Wills Senior Circuit Steward

Aims and organisation for the Lincoln Circuit

The Methodist Church Purposes as defned in statute:

The Charity objective is to act as a Resource provider within the area around Lincoln for the Methodist Church, whose purposes are defined in The Methodist Church Act 1976.

" 4 Purposes. 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.”

These may include:

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.

Our Vision (our intended destination) is where we strive to be in the future.

We are a thriving part of the Methodist Movement, recognised for making the Jesus story relevant to 21st Century people by…

… supporting our local churches in their worship, learning and mission.
… connecting churches that serve their local communities.
… advocating for social justice in our local communities.
… encouraging individuals to address their spiritual well-being.

Our Mission is the route map that describes what we do to achieve our purpose and vision. We represent the Methodist Church in the Greater Lincoln area, connecting churches, communities and individuals.

We are active within and beyond our churches: supporting; serving; sharing.

We are active in our communities as a Circuit and in partnership with other organisations:
tackling social injustice and advocating for people unable to do so for themselves.
serving communities through projects;
sharing resources with other organisations that have the same objectives.
We serve and welcome people where they are, in person and by developing use of social media:
supporting people to explore their spirituality through social media and in person;
serving the needs of individuals;
sharing our stories of faith.
We support our local churches in their work:
providing expertise and pastoral support through various ministries;
encouraging whole life discipleship through A Methodist Way of Life;
sharing resources.
We will respond to the climate emergency and undertake to improve the way we are using the planet’s finite resources.

In practical terms, these objectives translate to many practical activities:

Weekly worship in 18 churches provided by a network of preachers, worship leaders and ordained ministers.
Activities that are directly provided by our church volunteers:
Fellowship groups
Luncheon clubs
Coffee mornings
Food bank distribution centres
Community Larder Distribution centre
A branch of Christians Against Poverty (CAP)
Hosting of “Night Light” cafes
Our premises are used by other organisations who have similar aims to ourselves in meeting community needs eg pre-schools
Worship support in Stones Place, a care home run by MHA

Brief financial review of the year 2023-24

One of the ways we resource our mission is through finance and property. We recognise that:

We have a lot of our capital tied up in buildings. We need to have wise stewardship of what we have inherited. Getting the best return may be financial or missional outcomes.
Revenue will be through the generosity of our people or from investments or income earning enterprises.

The membership of the church has reduced in the immediate aftermath of the Covid 19 pandemic. However, the needs to be met in our churches and communities are at least as great as they have ever been.

INCOME TRENDS:

Historically, our revenue expenditure has been met through the generous giving of its congregations. However, as membership and attendance at worship services has reduced then so has the total income received through our churches. Each church is obliged to pay the assessment determined by the Circuit Meeting and this is the first call on any church’s funds. The Circuit trustees recognise that local churches are struggling with increased costs and reduced incomes. The Circuit Meeting thus decided to set a budget that required to be funded by assessments and the withdrawal from its own reserves.

EXPENDITURE TRENDS:

Expenditure is rising with inflation on pay for lay employees and prices.
Expenditure for the year was kept within budget guidelines, which was no mean feat considering the shortfall expected from assessment under offers.
Stipend expenditure has increased each budget year in line with conference approved increases.
Twenty Three 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.
We have some one-off expenditure as a result of the movement of ministers (removal costs and upgrading manses prior to occupation)
The circuit continues to support various project work of the Heath Pioneer with a £3k grant, CAP through a £3.5k grant annually.

In setting the revenue budget for the 2022-23 year, we accepted that we would need to use our reserves if we were to achieve our objectives.

The Lincoln Circuit took a courageous decision to work towards its vision by enhancing its ministerial team for the 2023-24 church year. We took steps to replace the superintendent minister, who is retiring, and to appoint a full-time deacon when a part-time presbyter retired.

FINANCIAL SUMMARY

Income from assessments: Actual £ [Budget £] 286,318 311,074 (Unfortunately, Church Assessment offers did not meet the budget needs, a shortfall was registered)

Use of reserves: Bequests: £327k

Expenditure: Actual £ [Budget £] 339,874 330,514 (The budget did not allocate funds for 2 manse refurbishments) Considering the shortfall expected the Balances:

The net current assets of the circuit are £704k (General A/C £176k, CFB £67k Model Trust £721k).
Funds have been designated for circuit/church projects (£75k) 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 2023/24

Circuit financial plans for the coming year have been prepared on the basis that there remains 5 ordained staff [4.4 fte] and two active supernumerary ministers. There are anticipated cost of living stipend increases combined with an increase in the assessment paid to the district such that on average 9% assessment increase has been requested from the circuit churches.

The Circuit Meeting decided that churches still had difficulties in their finances and that it would fund part of the expenditure from reserves.

RESERVES POLICY:

The Reserves Policy for the Circuit is to hold approximately one quarter’s 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 the failure of churches to meet their quarterly assessment liabilities in full.

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.

We recognise that good governance is one of the resources underpinning effective mission:  Within the framework of the Church’s Constitution, Practice and Discipline (CPD) we need local models of trusteeship and governance that work for our situation.
We need to be agile and responsive, while exercising probity and good risk management.

The most important resource for our mission is our people in ministry. We recognise that:

Ministry takes many forms: ordained and lay; paid and volunteer;
full-time and part-time; circuit and local.
Our ministries must be supported through learning, mentoring and encouragement, as well as funding.

Leadership and management is undertaken by our Leadership Team: CIRCUIT MINISTERS AND OFFICERS:

Revd Richard Mottershead (Superintendent) (from 1 September 2023)
Revd Jennifer Matthews
Revd Canon Alan Robson
Revd Juliet Wriglesworth
Deacon Helen Gardner (from 1 September 2023)
Revd Margaret Doughty (Active Supernumerary)
Revd Dr Terry Nowell (Active Supernumerary)

CIRCUIT STEWARDS:

Miss Eleanor Downie
Miss Sheila Downie
Mr Alan Measures (Finance)
Mr Richard Wills (Senior)

Supported by ADMINISTRATORS:

Mrs Catherine Ridley (from 23 January 2023)
Mrs Denise Allitt

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31 August 2023 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102

FULL NAME OF CHARITY:	Lincoln Methodist Circuit
REGISTRATION CHARITY NUMBER:	1134886
DATE OF REGISTRATION:	12 March 2010
MAIN COMMUNICATION ADDRESS:	Circuit Ofce
	Burton Road Methodist Church
	175 Burton Road, LINCOLN LN1 3LT

The members of the Circuit meeting are the Managing Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches. A full list of Trustees is shown in Appendix A to this Report.

Mr Alan Measures acted as the principal officer overseeing the day-to-day financial management and accounting for the circuit during the year.

INDEPENDENT EXAMINER: Keith May Accounting Services Ltd Aura Business Centre, Heath Road, Skegness PE25 3SJ INVESTMENT BANKERS: Central Finance Board of the Methodist Church (CFB) 9 Bonhill street, London EC2A 4PE

Trustees for Methodist Church Purposes (TMCP) Central building, Oldham Street, Manchester M1 1JQ BANKERS: Lloyds Bank PLC PO Box 1000, High Street, Lincoln BX1 1LT

Public Benefit

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Trustee Training

A range of guidance is produced by Methodist Connexion to support the effective running of the Circuit, including the leaflet ‘The Role of a Trustee in The Methodist Church’.

Related parties:

The Circuit is part of the Lincolnshire District and is also accountable to the Methodist Conference. 18 Churches are linked to the Circuit and are listed in Appendix B to this Report.

Risk management:

Major risks, both physical and financial, are identified and recorded and professional advice taken as required. There is a regular annual review process undertaken and recorded.

Income and Expenditure is monitored in total and is compared with the approved annual budget 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 recreation 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 Lincoln Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The Lincoln Circuit commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

APPENDIX A

LIST OF TRUSTEES:

LIST OF TRUSTEES:
Circuit	Rev d M argaret Doughty	Presbyter
	Revd Jennifer Mathews	Presbyter
	Rev d Canon Alan Robson	Presbyter
	Revd Juliet Wriglesworth	Presbyter
	Miss E leanor Downie	Circuit Steward
	Miss S heila Downie	Circuit Steward
	Mr A lan Measures	Finance/Safeguarding/LP	Sec
	Mr Richard Wills	Circuit Steward Lead
	Mrs Catherine Ridley	Circuit Administrator
	Mrs S ylvia Curry	Methodist Women in Britain
	Mrs R ae Perkins	MHA
Bailgate	Mr S cot Prentce Mr C hris Mathews	Steward Steward
	Mrs Laura Barker-Jorgensen	Member
Burton Road	Mr Geof Gilbert	Treasurer
	Mrs H elen Sheehan	Member
	Mr M ark Thompson	Steward
	Mrs W endy Thompson	Senior Steward
Central	Mr D avid Houtby	Treasurer
	Mrs M argaret Houtby	Senior Steward
	Mrs K athy Rushton	Member
Cherry Willingham	Mrs J enny Robinson	Steward
	Mr R oger Smith	Treasurer/Connexional treasurer
Monks Road	Mr D avid Brown	Treasurer
	Mr J onathan Nowell	Member
	Rev d Dr T erry Nowell	Supernumerary Minister
	Mrs L orraine Osgodby	Senior Steward
Moorland Park	Mrs B renda Walters	Member
	Mr Gordon Daws	Member
Navenby	Mr T revor Sissons	Steward
Netleham	Mr Chris Rogalski	Treasurer
	Mr M arcus Harborne	CAP
	Mr D avid Vincent	Member
North Hykeham	Mrs B arbara Abbot	Senior Steward
	Mrs B arbara Norman	Treasurer
Reepham	Mrs J ill Singleton	Treasurer
	Dr Roy Jackson	Steward
Skellingthorpe	Mrs P at Bishop	Steward
	Mrs Pat Robinson	Steward
	Mr I vor McNish	Treasurer
St Columba's	Mr s Trish Kirk	Member
	Mrs N icole Bond	Church Secretary
St Giles	Mrs A nne Becket	Treasurer
	Mrs B arbara Hutchinson	Member
	Mr P eter Sherlock	Senior Steward
Swallowbeck	Mrs Beryl Faulkner	Steward

	Mrs Jackie Isherwood	Church Secretary
	Mr K eith Woolhouse	Treasurer
Washingborough	Mr Keith Swann	Steward
	Mrs C arolyn Swann	Treasurer
	Mrs Lesley Tyreman	Steward
Welton & Dunholme	Mr s E laine Johnson	Senior Steward
	Mr John Ryland	Member
	Mr David Wilson	Treasurer

APPENDIX B

LIST OF CHURCHES IN THE CIRCUIT:

Bailgate Methodist Church
Burton Road Methodist Church
Central Methodist Church
Cherry Willingham Methodist Church
Monks Road Methodist Church
Moorland Park Methodist Church
Navenby Methodist Church
Nettleham Methodist Church
North Hykeham Methodist Church
10.Reepham Methodist Church
11.Scothern Methodist Church
12.Skellingthorpe Methodist Church
13.St Columbas (LEP – Anglican/URC), Brant Road
14.St Giles Methodist Church
15.Swallowbeck Methodist Church
16.Washingborough Methodist Church
17.Welton and Dunholme Methodist Church (Associated Class – Ingham)

APPROVED by the circuit trustees at their meeting on Wednesday, 7th February 2024

…………………………………………………. (signed) …………………………………………………. (signed) Mr Richard Wills Revd Richard Mottershead Superintendent Minister Lead Circuit Steward

05/01/2025

LINCOLN METHODIST CIRCUIT - ST GILES EDEN PROJECT BUDGET

COST ITEM	YEAR #1 ACTUAL	YEAR #2 ACTUAL	YEAR #3 ACTUAL	YEAR # 4 ACTUAL	YEAR #5 ACTUAL	TOTAL
Salary (Based on 1.5% increase p.a) ER NIC (13.8%) ER Pension Contribution (6%) Admin & Operation Costs Activity Costs and Mission Expenses Partnership Contribution to EDEN Network Contingency Costs (10%) TOTAL	24500 21436 3381 1883 1470 1200 3000 2308 1200 3475 38226 25627	24868 24807 3432 2233 1492 2694 1200 3000 3506 1200 3519 38710 33240	25241 #REF! 3483 #REF! 1514 #REF! 1200 3000 #REF! 1200 3564 39202 #REF!	25619 3535 1537 1200 3000 1200 3609 39701 0	26003 3588 1560 1200 3000 1200 3655 40207 0	126231 17420 7574 6000 15000 6000 17822 196047
FUNDING BASE POSITION	YEAR #1	YEAR #2	YEAR #3	YEAR # 4	YEAR #5	TOTAL
Circuit Contribution Confirmed District Grant Agreed Connexional Grant Confirmed External Grants In process Hawkes Trust Confirmed TOTAL	10000 8000 9000 27000	10000 8000 12500 8000 1000 39500	10000 8000 10000 8000 1000 37000	10000 7500 18000 1000 36500	10000 5000 19000 34000	50000 24000 35000 62000 3000 174000

Statement of Financial Activities

Lincoln Methodist Circuit

31st August 2024 1 Donations and legacies 2 Income from monetary investments 3 Income from investment properties 4 Assessments on Churches 5 Capital Receipts 6 Grants received 7 Other charitable income 8 9 Grants and donations 10 Salaries and associated costs 11 Property maintenance 12 Connexional assessment & levy on sales 13 District Assessment & Model Trust levy 14 Depreciation 15 Office expenses 16 Other outgoings 17 Total charitable expenditure 18 Gains/(losses) on monetary investments 19 Gains/(losses) on investment properties 20 Net income/(expenditure) 21 Transfers between funds 22 Other gains/(losses) 23 Net movement in funds 24 Total funds brought forward 25 Total funds carried forward Balance Sheet Manses Other Land & Buildings Investments Current Assets Debtors & prepayments Loans by Circuit TMCP Trustees Interest Fund CFB Cash and bank Creditors Grants due next year Grants due afer next year Total income	General CMTF Total Total Total Totals Fund Designated Restricted Endowed for year 2,000.00 0.00 0.00 315.00 0.00 2,315.00 3,260.28 24,014.03 415.85 9,971.05 0.00 37,661.21 7,842.46 0.00 0.00 0.00 7,842.46 310,027.15 0.00 0.00 0.00 310,027.15 -240,000.00 278,426.21 0.00 0.00 0.00 38,426.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
	83,129.89 302,440.24 415.85 10,286.05 0.00 396,272.03
	960.79 75,000.00 0.00 -7,440.00 0.00 68,520.79 207,235.64 0.00 0.00 0.00 207,235.64 8,384.91 0.00 0.00 318,092.84 0.00 326,477.75 64,450.00 87,370.48 0.00 0.00 0.00 151,820.48 18,400.00 20,757.84 0.00 0.00 0.00 39,157.84 0.00 27,094.22 21.94 933.44 0.00 28,049.60 23,351.82 1,121.30 0.00 0.00 0.00 24,473.12
	349,877.38 184,249.62 21.94 311,586.28 0.00 845,735.22
	- 597.12 - - - 597.12 - - (266,747.49) 118,787.74 393.91 (301,300.23) - (448,866.07) 9,000.00 0.00 0.00 -9,000.00 0.00 - - (257,747.49) 118,787.74 393.91 (310,300.23) 0.00 (448,866.07) 1,859,377.26 393,437.80 156,202.75 330,599.64 2,739,617.45
	1,601,629.77 512,225.54 156,596.66 20,299.41 0.00 2,290,751.38
	1,451,550.99 1,451,550.99 0.00 0.00 0.00 8,315.10 8,315.10 17,959.14 17,959.14 142,794.03 142,794.03 0.00 503,910.44 8,090.45 18,468.77 530,469.66 12,098.43 60,202.11 0.00 72,300.54 57,215.03 88,304.10 1,830.64 147,349.77 79,987.85 79,987.85 0.00 0.00 0.00 0.00 1,601,629.77 512,225.54 156,596.66 20,299.41 0.00 2,290,751.38

Statement of Financial Actvites	Statement of Financial Actvites
	31st August 2024			Land			Buildings					Designated Funds						Restricted Funds				Endowed Funds
			Residental -		Other -							Mission	Emergency	Local		Total	Burton Road	RoadHog -			Total			Total
	General		Manses		Churches		Manses	Other Buildings Total General Fund		CMTF	Mission Fund	Grants	Property	Preachers		Designated	Bequest	General A/c	B B H - Pioneer CAP		Restricted			Endowed	Totals for year
1	Assessment	310,027.15							310,027.15							0.00					0.00			0.00	310,027.15
3	Interest	3,260.28							3,260.28	24,014.03				415.85		415.85	9,971.05				9,971.05			0.00	37,661.21
4	Grants								0.00							0.00				0.00	0.00			0.00	0.00
5	Capital Receipts		-45,000.00				-195,000.00		-240,000.00	278,426.21						0.00					0.00			0.00	38,426.21
6	Other Income								0.00							0.00					0.00			0.00	0.00
7	Rent	7,842.46							7,842.46							0.00					0.00			0.00	7,842.46
8	Donatons incl closed churches	2,000.00							2,000.00							0.00		315.00			315.00			0.00	2,315.00
10	Total received	323,129.89	-45,000.00			0.00	-195,000.00	0.00	83,129.89	302,440.24	0.00	0.00	0.00	415.85	0.00	415.85	9,971.05	315.00	0.00	0.00	10,286.05	0.00	0.00	0.00	396,272.03
11	Stpends/Salaries	207,235.64							207,235.64							0.00					0.00			0.00	207,235.64
12	District - Connexion	64,450.00							64,450.00	87,370.48						0.00					0.00			0.00	151,820.48
	District - District Expenses	18,400.00							18,400.00							0.00					0.00			0.00	18,400.00
14	Phone & Travel	10,145.76							10,145.76							0.00					0.00			0.00	10,145.76
15	Insurance Utlites	13,206.06							13,206.06							0.00					0.00			0.00	13,206.06
16	Maintenance of manses	-425.64							-425.64							0.00					0.00			0.00	-425.64
17	Expenses on other property	8,810.55							8,810.55							0.00	318,092.84				318,092.84			0.00	326,903.39
20	Other Expenses	27,094.22							27,094.22	1,121.30				21.94		21.94	933.44				933.44			0.00	29,170.90
21	Grants & Donatons	960.79							960.79	75,000.00	0.00	0.00	0.00	0.00		0.00		1,560.00	-9,000.00	0.00	-7,440.00			0.00	68,520.79
22	Contributons to DAF								0.00	20,757.84						0.00					0.00			0.00	20,757.84
24	Total paid	349,877.38		0.00		0.00	0.00	0.00	349,877.38	184,249.62	0.00	0.00	0.00	21.94	0.00	21.94	319,026.28	1,560.00	-9,000.00	0.00	311,586.28	0.00	0.00	0.00	845,735.22
25	Net Receipts less Payments	-26,747.49	-45,000.00			0.00	-195,000.00	0.00	-266,747.49	118,190.62	0.00	0.00	0.00	393.91	0.00	393.91	-309,055.23	-1,245.00	9,000.00	0.00	-301,300.23	0.00	0.00	0.00	-449,463.19
26	Transfers	9,000.00						0.00	9,000.00	0.00						0.00			-9,000.00	0.00	-9,000.00			0.00	0.00
27	sub-total	-17,747.49	-45,000.00			0.00	-195,000.00	0.00	-257,747.49	118,190.62	0.00	0.00	0.00	393.91	0.00	393.91	-309,055.23	-1,245.00	0.00	0.00	-310,300.23	0.00	0.00	0.00	-449,463.19
28	Gains on Investment assets								0.00	597.12						0.00					0.00			0.00	597.12
29	Net Investment in funds	-17,747.49	-45,000.00			0.00	-195,000.00	0.00	-257,747.49	118,787.74	0.00	0.00	0.00	393.91	0.00	393.91	-309,055.23	-1,245.00	0.00	0.00	-310,300.23	0.00	0.00	0.00	-448,866.07
																					0.00
30	Opening balances	167,826.27	355,309.00			0.00	1,336,241.99	0.00	1,859,377.26	393,437.80	50,137.63	38,166.47	60,202.11	7,696.54	0.00	156,202.75	327,524.00	3,075.64	0.00	0.00	330,599.64	0.00	0.00	0.00	2,739,617.45
31	Closing Balances	150,078.78	310,309.00			0.00	1,141,241.99	0.00	1,601,629.77	512,225.54	50,137.63	38,166.47	60,202.11	8,090.45	0.00	156,596.66	18,468.77	1,830.64	0.00	0.00	20,299.41	0.00	0.00	0.00	2,290,751.38
Balance Sheet
	Manses		310,309.00				1,141,241.99		1,451,550.99							0.00					0.00			0.00	1,451,550.99
	Other Land & Buildings					0.00		0.00	0.00							0.00					0.00			0.00	0.00
	Investments								0.00	8,315.10						0.00					0.00			0.00	8,315.10
	Current Assets
	Debtors & prepayments	17,959.14							17,959.14							0.00					0.00			0.00	17,959.14
	Loans by Circuit	142,794.03	See Note	16 in SFAAB					142,794.03							0.00					0.00			0.00	142,794.03
	TMCP Trustees Interest Fund								0.00	503,910.44				8,090.45		8,090.45	18,468.77				18,468.77			0.00	530,469.66
	CFB - General Account	12,098.43							12,098.43				60,202.11			60,202.11					0.00			0.00	72,300.54
	CFB - RoadHog Account								0.00							0.00					0.00			0.00	0.00
	Cash and bank - General A/c	57,215.03							57,215.03		50,137.63	38,166.47				88,304.10		1,830.64	0.00	0.00	1,830.64			0.00	147,349.77
	Cash and bank - RoadHog A/c								0.00							0.00					0.00			0.00	0.00
	Creditors	79,987.85							79,987.85							0.00					0.00			0.00	79,987.85
	Grants due next year								0.00							0.00				0.00	0.00			0.00	0.00
	Grants due afer next year								0.00							0.00				0.00	0.00			0.00	0.00
		150,078.78	310,309.00			0.00	1,141,241.99	0.00	1,601,629.77	512,225.54	50,137.63	38,166.47	60,202.11	8,090.45	0.00	156,596.66	18,468.77	1,830.64	0.00	0.00	20,299.41	0.00	0.00	0.00	2,290,751.38

YEAR TO 31ST AUGUST 2024 Trust Fund Number Balance from last year:- Trustees Interest Fund Investments - CFB Units Income Interest Dividends Sale of Properties - Grants/Donations received CPF Grant refunded Transfer from Closed Churches Expenditure CPF Levy on property sales Burton Road refurbishments District Levy Transfer to Circuit TMCP Admin charge Closing Balance:- Trustees Interest Fund Investments - CFB Units Increase/(decrease) in Investments Property Sales 12 Harewood Cvrescent		Circuit Model Trust Fund 9260 385,719.82 7,717.98 393,437.80 302,440.24 23,780.86 233.17 278,426.21 184,249.62 87,370.48 75,000.00 20,757.84 1,121.30 503,910.44 8,315.10 512,225.54 597.12 Proceeds 278,426.21 278,426.21	TMCP Trusts Designated Chambers Other Local Preachers Bequest Funds 22337 22631 Total 7,696.54 327,524.00 335,220.54 - 7,696.54 - 327,524.00 335,220.54 415.85 - 9,971.05 10,386.90 312,827.14 415.85 9,971.05 10,386.90 - - - - - - 21.94 - 319,026.28 319,048.22 503,297.84 - 318,092.84 - - - - 21.94 933.44 955.38 - 8,090.45 - 18,468.7726,559.22- - 8,090.45 - 18,468.7726,559.22 - - - CPF Levy Grants reclaim Net proceeds 87,370.48 191,055.73 - - 191,055.73
		Circuit Model Trust Fund 9260 385,719.82 7,717.98	Designated Chambers Other Local Preachers Bequest Funds 22337 22631 Total 7,696.54 327,524.00 335,220.54 -
		393,437.80	7,696.54 - 327,524.00 335,220.54
		302,440.24	415.85 - 9,971.05 10,386.90
		23,780.86 233.17 278,426.21 184,249.62	415.85 9,971.05 10,386.90 - - - - - - 21.94 - 319,026.28 319,048.22
		87,370.48 75,000.00 20,757.84 1,121.30 503,910.44 8,315.10	- 318,092.84 - - - - 21.94 933.44 955.38 - 8,090.45 - 18,468.7726,559.22 -
		512,225.54	8,090.45 - 18,468.7726,559.22
		597.12 Proceeds 278,426.21	- - - CPF Levy Grants reclaim Net proceeds 87,370.48 191,055.73 -
		278,426.21	- 191,055.73

Income and Expenditure Account 31st August 2024 a2 Assessment a3 Capital Receipts a4 Bank/CFB Interest etc. a5 Grants a6 Other Receipts a7 Total received b2 Stpends/Salaries & Travel costs b3 Manse Costs b4 Administraton etc b5 District Assessment b6 Grants & Donatons b7 b8 Other Payments b9 Total paid c1 Net Receipts less Payments c2 Opening balances c3 sub-total c4 Transfers and adjustments c5 Closing Balances Cash Funds f1 Cash in Hand f2 Bank Current Account f3 Bank Deposit Account f4 Central Finance Board f5 Trustees for Methodist Church f6 Other Funds - loans to churches f7 sub total	LINCOLN METHODIST CIRCUIT General CMTF Total Total Totals Fund Designated Restricted for year 310,027.15 310,027.15 0.00 3,260.28 3,260.28 0.00 7,842.46 7,842.46
	321,129.89 0.00 0.00 0.00 321,129.89
	217,381.40 217,381.40 18,881.06 18,881.06 4,582.40 4,582.40 82,850.00 20,757.84 103,607.84 960.79 960.79 0.00 24,317.34 24,317.34
	348,972.99 20,757.84 0.00 0.00 369,730.83
	-27,843.10 -20,757.84 0.00 -48,600.94 385,719.82 385,719.82 364,961.98 0.00 0.00 337,118.88 0.00
	0.00 364,961.98 0.00 0.00 337,118.88
	0.00 147,349.77 0.00 72,300.54 530,469.66 750,119.97

Other Assets and Liabilities

g1	Investments	0.00
g2	Land and Buildings	0.00
g3	Other Assets	0.00
g4	Loans	0.00
g5	Other Liabilites	0.00

Totals Last Year

LINCOLN METHODIST CIRCUIT

DRAFT FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024

GENERAL FUND Actual INCOME Assessments 310,027 Rent 7,842 Other Income 5,260 323,130 EXPENSES Cost of Ministers, incl Manses and expenses 220,377 Salaries 15,886 District Assessment 82,850 Cost of Administration 2,167 Cost of supporting churches 13,452 Costs of Surplus Property (426) Grants 961 Other Expenses 14,611 349,877 Surplus/(Deficit) (26,747) Movement in Funds:- General Fund (26,747) Designated Funds - Restricted Funds #REF! #REF! Add: Transfer from Model Trust Fund - #REF! FUNDS HELD IN CASH AND BANK BALANCES Cash at Banks 147,350 Central Finance Board 72,301 Funds held 219,650 Add Amounts paid in advance 17,959 237,609 Deduct Grants awarded in advance - Deduct Amounts received in advance (79,988) 157,622	Budget 319,125 8,000 360 327,485 227,257 15,725 79,242 3,000 6,050 20,000 - 5,060 356,334 (28,849)	Variance (9,098) (158) 4,900
		(4,355)
		6,880 (161) (3,608) 833 (7,402) 20,426 (961) (9,551)
		6,457
		(10,812)
		Last Year 176,444 66,689
		243,133 17,825
		260,959 (3,500) (71,845)
		185,614

LINCOLN METHODIST CIRCUIT

DRAFT FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024

Designated Funds Mission Fund Transfers from General Fund Grants paid Fund movement in year Mission Grants Transfers from General Fund Grants paid Fund movement in year Emergency Property Transfers from General Fund Grants paid Fund movement in year Local Preachers Transfers from General Fund Grants paid Fund movement in year	- -
	-
	- -
	-
	- -
	-
	- -
	-

Restricted Funds LYM RoadHog Received in year Paid in year Fund movement in year CAP Project Received in year Paid in year Fund movement in year	315 1,560
	(1,245)
	- -
	-

LINCOLN METHODIST CIRCUIT

INTERIM FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024

GENERAL FUND INCOME Assessments Donation Interest Rent - Surplus Manses EXPENSES Stipends Salaries Apprenticeship Levy Administration Costs District Assessment Church Expenses Manse Costs Bracebridge Heath Costs Quinquennial Inspections Ministers Travel, Telephone etc Safeguarding Supernumery Ministers Printing and Stationery Training/Retreats Local Preachers Council Tax and Water charges Book and Resources Miscellaneous Expenses Ministers Removals Donations Surplus/(Deficit) Movement in Funds:- General Fund Designated Funds Restricted Funds Add: Transfer from Model Trust Fund BANK BALANCES Lloyds Bank Central Finance Board Funds held Add Amounts paid in advance	Actual 310,027 2,000 3,260 7,842 323,130 191,350 15,886 904 1,612 82,850 - (426) 8,811 5,675 10,146 - 4,296 554 1,467 346 13,206 948 11,291 - 961 349,877 (26,747) (26,747) - #REF! #REF! - #REF! 147,350 72,301 219,650 17,959	Budget 319,125 360 8,000 327,485 193,817 15,725 860 3,000 79,242 1,640 20,000 2,800 13,000 6,050 1,200 16,000 3,000 356,334 (28,849) Proof	6/3/2024 Variance (9,098) 2,000 2,900 (158)
			(4,355)
			2,467 (161) (44) 1,388 (3,608) 1,640 20,426 (8,811) (2,875) 2,854 - 1,754 (554) (267) (346) 2,794 (948) (8,291) - (961)
			6,457
			2,102
			#REF! 176,444 66,689
			243,133 17,825

LINCOLN METHODIST CIRCUIT

INTERIM FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024

237,609

260,959

Current Balance 147,349.77 72,300.54 RECEIPTS Date Reconciled Banking Description Lloyds CFB Ref 163,345.56 201,095.03 -	- PROOF! -

Eden	Restricted Donations CAP	Stipend Adjust	CAF Interest contras	TMCP Transfer Bracebridge Heath	Harewood	Youth	LYM - GodPod	Connexional Funds
	- -2,000.00	31,500.00	- 3,260.28	-3,730.90	4,111.56	315.00	-	270.00

Misc Income Easter Invoice Payments Offering 502.541,046.60349.81	317,353.90 Churches Assessments	Bailgate Burton Road Central Monks Rd Navenby 45,000.00 9,000.00 11,172.50 7,937.50 14,932.50 28,012.50 10,748.75 Cherry Willingham Moorland Park

Welton & Nettleham N Hykeham Reepham Skellingthorpe St Columbas St Giles Swallowbeck Washingborough Dunholme 46,775.00 18,285.00 11,889.00 11,136.24 3,496.66 15,820.00 27,152.00 28,496.25 27,500.00

		Current	Balance		-	of Account	147,349.77	72,300.54	-		-
	EXPENDITURE	Date	Cheque	Description			Lloyds	CFB		PROOF!
							192,439.70	195,483.74	-		-

	Stipend	Pension	NIC	Computer	Salary	Pension	NIC	Apprentice	Ministers	Ministers	Telephones /	Council
				Allowance				Levy	Mileage	Expenses	Broadband	Tax
	160,967.84	38,388.90	14,682.13	1,324.62	14,746.71	737.36	401.79	904.39	352.80	5,349.75	4,443.21	10,675.95

Water	District	Church	Supernumary	Supernumary	Local	Admin	Bracebridge	Paid	to Restricted Fun
Rates	Assessment	Expenses	Ministers	Services	Preachers	Costs	Heath	Youth	BBH Pioneer
2,530.11	82,850.00	-	2,001.13	2,295.00	345.60	1,447.63	8,810.55	1,560.00	-

nds		Out of	CAF	Donations	Printing /	Safeguarding	Training /	LPs	Removal	Insurance	Misc	Connexional
	CAP	Designated	Contras		Stationary	Expenses	Retreats	Training	Costs			Funds
	3,500.00	-	-	1,230.79	904.02	-	1,467.43	-	-	5,145.88	6,144.82	230.00

Quin- quennials	Books / Resources	Property	The Chestnuts	Farrington	12 Harewood	41 Harewood	SympsonWestminste Drive	Office
5,675.00	1,450.81	7,359.22	884.01	2,057.96	198.96	792.56	3,201.87 54.00	164.86	-

RESTRICTED FUNDS
INCOME
FUND PURPOSE	Mission	Mission	CAP	Fire Risk	Emergency
	Grants	Projects		Assess	Property
Transfers
from TMCP						0.00
						0.00
						0.00
						0.00
						0.00
District Grant Eden						0.00
	0.00	0.00	0.00	0.00	0.00	0.00
Expenditure	0.00	0.00	3500.00	0.00	0.00	3500.00
BALANCE REMAINING	0.00	0.00	-3500.00	0.00	0.00	-3500.00

EXPENDITURE

Mission Mission CAP Fire Risk Grants Project Assess 3500.00

0.00 0.00 3500.00 0.00

Emergency Property 3500.00 0.00 0.00 0.00 3500.00

Circuit Accruals Accounts 2023-24

THE METHODIST CHURCH

REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2024 LINCOLN Circuit Registered Charity - Registration number 1134886 Lincolnshire Circuit No 17/2 Ministers Revd Richard Mottershead Revd Canon Alan Robson Revd Margaret Doughty Revd Jennifer Matthews Revd Juliet Wrigglesworth Deacon Helen Gardner ~~E~~ Circuit Stewards Mr Richard Wills Miss Eleanor Downie Miss Sheila Downie Mr Alan Measures Circuit Treasurer Mr Alan Measures

Name of Circuit

Circuit No 17/2

Lincoln

Statement of Financial Activities (SOFA) for the year ended 31 August 2024

	Notes to		Circuit Model	Designated
	the	General Fund	Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(Unrestricted)	(Unrestricted)	Funds	Funds	2023-24
		£	£	£	£	£	£
Income
1 Donations and legacies	4	2,000	0	0	315	0	2,315
2 Income from monetary investments	5	3,260	24,014	416	9,971	0	37,661
3 Income from investment properties	3	7,842		0	0	0	7,842
4 Assessments on Churches		310,027		0	0	0	310,027
5 Capital Receipts	6	(240,000)	278,426	0	0	0	38,426
6 Grants received		0		0	0	0	0
7 Other charitable income	7	0		0	0	0	0
8Total income		83,130	302,440	416	10,286	0	396,272
Expenditure
9 Grants and donations		961	75,000	0	(7,440)	0	68,521
10 Salaries and associated costs	10	207,236		0	0	0	207,236
11 Property maintenance		8,385	0	0	318,093	0	326,478
12 Connexional assessment & levy on sales		64,450	87,370	0	0	0	151,820
13 District Assessment & Model Trust levy		18,400	20,758	0	0	0	39,158
14 Depreciation							0
15 Office expenses		27,324		22	933	0	28,280
16 Other outgoings		23,352	1,121	0	0	0	24,473
17Total charitable expenditure		350,107	184,250	22	311,586	0	845,965
18 Gains/(losses) on monetary investments			597				597
19 Gains/(losses) on investment properties							0
20Net income/(expenditure)		(266,977)	118,788	394	(301,300)	0	(449,096)
21 Transfers between funds		9,000			(9,000)		0
22 Other gains/(losses)							0
23Net movement in funds		(257,977)	118,788	394	(310,300)	0	(449,096)
24 Total funds brought forward		1,859,377	393,438	156,203	330,600		2,739,617
25 Total funds carried forward		1,601,400	512,226	156,597	20,299	0	2,290,521

Name of Circuit

Circuit No 17/2

Lincoln

Statement of Financial Activities (SOFA) for the year ended 31 August 2023

	Notes to		Circuit Model	Designated
	the	General Fund	Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(Unrestricted)	(Unrestricted)	Funds	Funds	2022-23
		£	£	£	£	£	£
Income
1 Donations and legacies	4	2,164			320,400		322,564
2 Income from monetary investments	5	4,687	12,407	240	7,524		24,858
3 Income from investment properties	3	13,923					13,923
4 Assessments on Churches		286,319					286,319
5 Capital Receipts	6						0
6 Grants received							0
7 Other charitable income	7	1,602					1,602
8Total income		308,694	12,407	240	327,924	0	649,265
Expenditure
9 Grants and donations		10,310	24,300	6,486			41,096
10 Salaries and associated costs	10	167,678					167,678
11 Property maintenance		29,877					29,877
12 Connexional assessment & levy on sales		60,400					60,400
13 District Assessment & Model Trust levy		18,400	23,532				41,932
14 Depreciation							0
15 Office expenses		28,492		21			28,513
16 Other outgoings		24,718	1,227				25,945
17Total charitable expenditure		339,874	49,059	6,508	0	0	395,441
18 Gains/(losses) on monetary investments			(342)				(342)
19 Gains/(losses) on investment properties							0
20Net income/(expenditure)		(31,181)	(36,994)	(6,268)	327,924	0	253,481
21 Transfers between funds		24,300		(24,300)			0
22 Other gains/(losses)							0
23Net movement in funds		(6,881)	(36,994)	(30,568)	327,924	0	253,481
24 Total funds brought forward		1,866,258	430,432	186,770	2,676		2,486,136
25 Total funds carried forward		1,859,377	393,438	156,203	330,600	0	2,739,617

Circuit No 17/2

Name of Circuit

Lincoln

Balance Sheet as at 31 August 2024

Notes to the Accounts Fixed Assets	Notes to the Accounts Fixed Assets	£ General Fund (Unrestricted)	£ Circuit Model Trusts (Unrestricted)	£ Designated Funds (Unrestricted)	£ Restricted Funds	£ Endowment Funds	Totals 2024 £

Circuit Properties	11	1,451,551					1,451,551
Investmentproperties						0
Investments	12		8,315				8,315
Total fixed assets		1,451,551	8,315	0	0	0	1,459,866

Current Assets	Current Assets
Debtors	13	17,959					17,959
Loans bythe Circuit	16	142,794					142,794
Trustee Investment Fund at TMCP		0	503,910	8,090	18,469		530,470
Central Finance Board Deposits		12,098		60,202	0		72,301
Cash at Bank and in hand	13	57,215		88,304	1,831		147,350
Total current assets		230,067	503,910	156,597	20,299	0	910,873
Current liabilities
Creditors (due in under 1 year)	14	80,218					80,218
Grantspayable within 2023-24					0		0
Total current liabilities		80,218	0	0	0	0	80,218
Net current assets/liabilities		149,849	503,910	156,597	20,299	0	830,655

Total assets less current liabilities		1,601,400	512,226	156,597	20,299	0	2,290,521

Long term liabilites (due afer more than oneyear)
Grantspayable after 2023-24						0
Loans to the Circuit						0
						0
Net assets	1,601,400	512,226	156,597	20,299	0	2,290,521

Funds of the Circuit

Funds of the Circuit
General Fund(Unrestricted)	1,601,400	512,226 156,597 20,299 0				1,601,400
Circuit Model Trust Fund (Unrestricted)		512,226	156,597			668,822
Total Unrestricted Funds						2,270,222
Restricted Funds				20,299		20,299
Endowment Funds					0	0
Total Funds	1,601,400	512,226	156,597	20,299	0	2,290,521

Signed

Circuit Treasurer

Name of Circuit

Circuit No 17/2

Lincoln

Balance Sheet as at 31 August 2023

Notes to the Accounts Fixed Assets	Notes to the Accounts Fixed Assets	£ General Fund (Unrestricted)	£ Circuit Model Trusts (Unrestricted)	£ Designated Funds (Unrestricted)	£ Restricted Funds	£ Endowment Funds

Circuit Properties	11	1,691,551
Investmentproperties
Investments	12		7,718
Total fixed assets		1,691,551	7,718	0	0	0
Current Assets
Debtors	13	17,825
Loans bythe Circuit	16	142,794
Trustee Investment Fund at TMCP			385,720	7,697	327,524
Central Finance Board Deposits		-43,650		110,340	0
Cash at Bank and in hand	13	122,702		38,166	15,576
Total current assets		239,671	385,720	156,203	343,100	0
Current liabilities
Creditors (due in under 1 year)	14	71,845
Grantspayable within 2022-23
Total current liabilities		71,845	0	0		0
Net current assets/liabilities		167,826	385,720	156,203	343,100	0

Total assets less current liabilities		1,859,377	393,438	156,203	343,100	0

Long term liabilites (due afer more than oneyear)
Grantspayable after 2022-23					6,500
Loans to the Circuit					6,000

Net assets		1,859,377	393,438	156,203	330,600	0

Funds of the Circuit

Funds of the Circuit
General Fund(Unrestricted)	1,859,377	393,438 156,203 330,600 0
Circuit Model Trust Fund (Unrestricted)		393,438	156,203
Total Unrestricted Funds
Restricted Funds				330,600
Endowment Funds					0
Total Funds	1,859,377	393,438	156,203	330,600	0

Signed

Circuit Treasurer

Totals 2023 £

1,691,551 0 7,718 1,699,269

17,825 142,794 720,940 66,689 176,444 1,124,693

71,845

0 71,845 1,052,848

2,752,117

6,500 6,000 0 2,739,617

1,859,377 549,641 2,409,018 330,600 0 2,739,617

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, Designated Funds which have been set aside for particular purposes but are still 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 or at cost if purchased after 2015 , of which the land component in the opinion of the Trustees is £310,309. 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 surplus property, a manse, which was rented to provide income has now been sold.

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. Donatons and Legacies Year to 31st August 2024 Donatons Legacies Year to 31st August 2023 Donatons Legacies 5. Investment income Year to 31st August 2024 Central Finance Board TMCP Other Total Year to 31st August 2023 Central Finance Board TMCP Other Total 6. Capital Receipts Sale of Property - Surplus Manses 7. Other Charitable Income Donatons Other 8. Payment to Trustees	Unrestricted Designated £ £ £ 2,000 - - Circuit Model Trust Fund	Lincoln Restricted Endowment £ £ 315-	Circuit Total £ 2,315 -
	2,000 -	315 -	2,315
	2,164 - -	320,400	- 2,164 320,400
	2,164 -	320,400 -	322,564
	3,260 24,014	416 9,971	3,260 34,401 -
	3,260 24,014 -	416 9,971	37,661
	4,687 12,407 240	7,524 0	- 4,687 20,171 0
	4,687 12,407 240	7,524 -	24,858
	Net of purchase cost	This year £ 38,426 38,426 0	Last year £
			0
			1,602
			1,602

With the excepton of Stpends paid to ministers, no payments were made to trustees for additonal services provided to the Circuit by agreement with the Circuit Meetng Thisyear Number of trustees who were paid expenses 6 Nature of the expenses Expense payments primarily relate to reimbursement for travel costs £ Total Amount Paid 7,704 9. Fees for examinaton or audit of the accounts £ 120 nil 10 Paid employees (including Ministers) Staf costs paid during the year were: £ Gross wages, salaries and benefts in kind 158,792 Employer's Natonal Insurance Costs 35,108 Pension Costs 13,335 Total Staf Costs 207,236 Independent examiner’s or auditors' fees for reportng on the accounts Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor			Lastyear
			6
			£
			8,301
			£
			120
			nil
			£
			132,608
			24,965
			10,105
			167,678

8. Payment to Trustees	8. Payment to Trustees
With the excepton of Stpends paid to ministers, no payments were made to trustees for additonal
services provided to the Circuit by agreement with the Circuit Meetng
	Thisyear	Lastyear
Number of trustees who were paid expenses	6	6
Nature of the expenses
Expense payments primarily relate to reimbursement for travel costs
	£	£
Total Amount Paid	7,704	8,301
9. Fees for examinaton or audit of the accounts	£	£
Independent examiner’s or auditors' fees for reportng
on the accounts	120	120
Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor	nil	nil
10 Paid employees (including Ministers)
Staf costs paid during the year were:	£	£
Gross wages, salaries and benefts in kind	158,792	132,608
Employer's Natonal Insurance Costs	35,108	24,965
Pension Costs	13,335	10,105
Total Staf Costs	207,236	167,678

Average number of staff employed during the year were

6 6

Lincoln

Circuit

11. Tangible Fixed Assets

11. Tangible Fixed Assets	Lincoln Circuit	Lincoln Circuit	Lincoln Circuit	Lincoln Circuit	Lincoln Circuit
Cost or valuaton	Year to 31st August 2024
	Residental Land £	Other Land £	Manses £	Other builidngs £	Total £
Balance brought forward	355,309	0	1,336,242	0	1,691,551
Additons					0
					0
					0
Revaluatons(+/-)					0
Disposals(-)	-45,000		-195,000		-240,000
Transfers*(x/-)					0
Balance carried forward	310,309	0	1,141,242	0	1,451,551
Accumulated depreciaton *Basis* Rate	SL or RB SL or RB
Balance brought forward					0
Depreciaton charge foryear(-)					0
Revaluatons(x/-)					0
Disposals(-)					0
Transfers*(x/-)					0
Balance carried forwards	0	0	0	0	0
Net book value
Brought forward	355,309	-	1,336,242	-	1,691,551
Carried forward	310,309	-	1,141,242	-	1,451,551

Cost or valuation


Cost or valuaton	Year to 31st August 2023
	Residental Land £	Other Land £	Manses £	Other builidngs £	Total £
Balance brought forward	355,309	0	1,336,242	0	1,691,551
Additons					0
					0
					0
Revaluatons(+/-)					0
Disposals(-)					0
Transfers*(x/-)					0
Balance carried forward	355,309	0	1,336,242	0	1,691,551
Accumulated depreciaton *Basis* Rate	SL or RB SL or RB
Balance brought forward					0
Depreciaton charge foryear(-)					0
Revaluatons(x/-)					0
Disposals(-)					0
Transfers*(x/-)					0
Balance carried forwards	0	0	0	0	0
Net book value
Brought forward	355,309	-	1,336,242	-	1,691,551
Carried forward	355,309	-	1,336,242	-	1,691,551

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.

	This year £ 8,315 8,315 £ 7,718 597 8,315 £ 17,959 17,959 147,350 147,350 79,988 79,988	Last Year £
Investments listed on a recognised Stock Exchange
Investments held in common investment funds,	8,315	7,718
Securites not listed on a recognised Stock Exchange
Other investments
Total	8,315	7,718
Change in investment values		£
Carrying (market)value at beginningofyear	7,718	8,060
Add:additons to investments at cost
Less:disposals at carryingvalue
Netgain/(loss)on revaluaton	597	(342)
Carrying (market)value at end ofyear	8,315	7,718
13. Analysis of current assets Debtors and prepayments Pre paid assessments Accrued income Other debtors Total debtors and prepayments Analysis of cash at bank Bank balance held in Lloyds Bank Plc Total Cash and Bank 14. Analysis of current liabilites and long term creditors Trade Creditors Other Creditors Total Current Liabilites		£


		17,825
		17,825

		176,444

		176,444

	79,988	71,845

	79,988	71,845

15. Capital Commitments and Contingent Liabilities

At 31st August 2024 the Circuit has no capital commitments (2023:Nil). No Contingent liabilities were identified at 31st August 2024 (2023: 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 2024 was £53,651 (2023: £53,651) A loan was made to Nettleham Methodist Church for completion of refurbishment, repayable at £4k pa. No repayment was rteceived in the year. The balance owing

at 31st August 2024 was £89,14312023: £89,143)

Lincoln Circuit

17. Detailed analysis of individual fund movements Unrestricted Funds

Year ended 31st August 2024

Fund Name		Opening Balance	Income	Expenditure	Transfers	Closing Balance	Purpose of the fund	Purpose of the fund	Purpose of the fund	Purpose of the fund	Purpose of the fund
		£	£	£	£	£
Designated Funds
Mission Fund		50,138	0	0	0	50,138	To serve the	needs of the	Circuit in Mi	ssion & Out	reach
Mission Grants		38,166	0	0	0	38,166	To serve the	needs of the	Circuit in Mi	ssion & Out	reach
EmergencyPropertyFund		60,202	0	0	0	60,202	To serve the	needs of the	Circuit and C	hurch Build	ings(contn
Local Preachers Fund		7,697	416	22	0	8,090
Totals		156,203	416	22	0	156,597
Restricted Funds
Burton Road Bequest		327,524	9,971	319,026	0	18,469	Bequest for u	se at Burton	Road Metho	dist Church
God Pod		3,076	315	1,360	0	2,031	God Pod Bus	Ministry
BBH Pioneer		0	0	(9,000)	(9,000)	0	Withdrew fro	mproject - u	npaid Grant	returned
Totals		330,600	10,286	311,386	(9,000)	20,499

Endowment Name		How the capital is invested			Current value of capital		Annual income		What the in	come was	used for
					£		£


	Totals				0		0

The reasons for the transfers between funds were as follows: See above re BBH Pioneer

Lincoln Circuit

17. Detailed analysis of individual fund movements Unrestricted Funds

Year ended 31st August 2023

Unrestricted Funds
Unrestricted Fund Name	Opening	Income	Expenditure	Transfers	Closing	Purpose of the fund
	Balance				Balance
	£	£	£	£	£
General	1,866,258	308,694	339,874	24,300	1,859,377	Dayto dayincome and expenditure
Model Trust	430,432	12,407	49,402	0	393,438	To serve the needs of the Circuit in Mission & Outreach
Designated	186,770	240	6,508	(24,300)	156,203	(See Below)
Totals	2,483,460	321,341	395,784	0	2,409,018

Unrestricted Funds
Unrestricted Fund Name		Opening Balance	Income	Expenditure	Transfers	Closing Balance	Purpose of the fund
	£		£	£	£	£
General		1,866,258	308,694	339,874	24,300	1,859,377	Dayto dayincome and expenditure
Model Trust		430,432	12,407	49,402	0	393,438	To serve the needs of the Circuit in Mission & Outreach
Designated		186,770	240	6,508	(24,300)	156,203	(See Below)
Totals		2,483,460	321,341	395,784	0	2,409,018
Designated and Restricted Funds Fund Name Income Expenditure Transfers Purpose of the fund £ £ £ £ £ Designated Funds Mission Fund 50,138 0 0 0 50,138 To serve the needs of the Circuit in Mission & Outreach Mission Grants 44,653 0 6,486 0 38,166 To serve the needs of the Circuit in Mission & Outreach EmergencyPropertyFund 84,502 0 0 (24,300) 60,202 To serve the needs of the Circuit and Church Buildings(contngency) Local Preachers Fund 7,478 240 21 0 7,697 To serve the needs of the Circuit in Mission & Outreach Totals 186,770 240 6,508 (24,300) 156,203 Restricted Funds Burton Road 0 327,524 0 0 327,524 Message Trust - ceased 31.8.22 God Pod 2,676 400 0 0 3,076 God Pod Bus Ministry BBH Pioneer 0 0 0 0 Grant awarded 2022payable over 5years Totals 2,676 327,924 0 0 330,600 Endowment Name How the capital is invested Current value of capital Annual income What the income was used for £ £ Totals 0 0 Opening Balance Closing Balance
Fund Name		Opening Balance	Income	Expenditure	Transfers	Closing Balance	Purpose of the fund
		£	£	£	£	£
Designated Funds
Mission Fund		50,138	0	0	0	50,138	To serve the	needs of the	Circuit in Mi	ssion & Out	reach
Mission Grants		44,653	0	6,486	0	38,166	To serve the	needs of the	Circuit in Mi	ssion & Out	reach
EmergencyPropertyFund		84,502	0	0	(24,300)	60,202	To serve the	needs of the	Circuit and C	hurch Build	ings(contn
Local Preachers Fund		7,478	240	21	0	7,697	To serve the	needs of the	Circuit in Mi	ssion & Out	reach
Totals		186,770	240	6,508	(24,300)	156,203
Restricted Funds
Burton Road		0	327,524	0	0	327,524	Message Trus	t - ceased 31	.8.22
God Pod		2,676	400	0	0	3,076	God Pod Bus	Ministry
BBH Pioneer			0	0	0	0	Grant awarde	d 2022paya	ble over 5y	ears
Totals		2,676	327,924	0	0	330,600

Endowment Name		How the capital is invested			Current value of capital		Annual income		What the in	come was	used for
					£		£


	Totals				0		0

The reasons for the transfers between funds were as follows: Grant from Property Fund returned to General Funds

Lincoln Circuit DECLARATIONS

Treasurer

I confirm that these accrual based accounts for the year ended 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 Treasurer Date 24-Mar-25 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 2024 were presented to the Circuit Trustees at their meeting on

and were approved. Signature of the Chair of the meeting Name of the Chair of the meeting Revd Richard Mottershead Date _______________

Independent Examiner’s Report to the Trustees of the

Lincoln Circuit

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 2024. 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 Signature	Keith May

Relevant Professional qualification or body

Address

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 to yo 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 individ Therefore notes BS10 and BS11 need to be reproduced to cover the previous year (2015-2016).

)u and produce Jual funds.

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

Name of Circuit	Circuit No
Cash fow statement for the year ended 31 August 2018
		2018		2017
Statement of cash fows	Note	£		£
Cash from operatng actvites
Net cash used in operatngactvites			0		0
Cash fows from investng actvites
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 investng actvites			0		0
Cash fows from fnancing actvites
New borrowing
Repayments of borrowing
Net cash used in fnancing actvites			0		0
Change in cash and cash equivalents in the reportng period			0
Cash and cash equivalents at the beginning of the reportng period			0
Cash and cash equivalents at the end of the reportng period			0		0
		2017		2016
Reconciliaton of net income to net cash fow from operatng actvites		£		£
Net income for the reportng period ( as per statement of fnancial actvites)
Adjustments for:
Depreciaton and amortsaton charges
Proft on the sale of fxed assets
Loss on the sale of fxed 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 operatng actvites			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