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 

2 



## **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. 

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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). 

4 



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. 

5 



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. 

6 



- 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. 

7 



**APPENDIX A** 

## **LIST OF TRUSTEES:** 

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



8 



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



9 



## **APPENDIX B** 

## **LIST OF CHURCHES IN THE CIRCUIT:** 

1. Bailgate Methodist Church 

2. Burton Road Methodist Church 

3. Central Methodist Church 

4. Cherry Willingham Methodist Church 

5. Monks Road Methodist Church 

6. Moorland Park Methodist Church 

7. Navenby Methodist Church 

8. Nettleham Methodist Church 

9. 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 

10 



05/01/2025 

## **LINCOLN METHODIST CIRCUIT - ST GILES EDEN PROJECT BUDGET** 

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





## **Statement of Financial Activities** 

## **Lincoln Methodist Circuit** 

|**31st August 2024**<br>1<br>Donations and legacies<br>2<br>Income from monetary investments<br>3<br>Income from investment properties<br>4<br>Assessments on Churches<br>5<br>Capital Receipts<br>6<br>Grants received<br>7<br>Other charitable income<br>8<br>9<br>Grants and donations<br>10<br>Salaries and associated costs<br>11<br>Property maintenance<br>12<br>Connexional assessment & levy on sales<br>13<br>District Assessment & Model Trust levy<br>14<br>Depreciation<br>15<br>Office expenses<br>16<br>Other outgoings<br>17<br>**Total charitable expenditure**<br>18<br>Gains/(losses) on monetary investments<br>19<br>Gains/(losses) on investment properties<br>20<br>**Net income/(expenditure)**<br>21<br>Transfers between funds<br>22<br>Other gains/(losses)<br>23<br>**Net movement in funds**<br>24<br>Total funds brought forward<br>25<br>**Total funds carried forward**<br>**Balance Sheet**<br>Manses<br>Other Land & Buildings<br>Investments<br>**Current Assets**<br>Debtors & prepayments<br>Loans by Circuit<br>TMCP Trustees Interest Fund<br>CFB<br>Cash and bank<br>Creditors<br>Grants due next year<br>Grants due afer next year<br>**Total income**|**General**<br>**CMTF**<br>**Total**<br>**Total**<br>**Total**<br>**Totals**<br>**Fund**<br>**Designated**<br>**Restricted**<br>**Endowed**<br>**for year**<br>**2,000.00**<br>**0.00**<br>**0.00**<br>**315.00**<br>**0.00**<br>**2,315.00**<br>**3,260.28**<br>**24,014.03**<br>**415.85**<br>**9,971.05**<br>**0.00**<br>**37,661.21**<br>**7,842.46**<br>**0.00**<br>**0.00**<br>**0.00**<br>**7,842.46**<br>**310,027.15**<br>**0.00**<br>**0.00**<br>**0.00**<br>**310,027.15**<br>**-240,000.00**<br>**278,426.21**<br>**0.00**<br>**0.00**<br>**0.00**<br>**38,426.21**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**|
|---|---|
||**83,129.89**<br>**302,440.24**<br>**415.85**<br>**10,286.05**<br>**0.00**<br>**396,272.03**|
||**960.79**<br>**75,000.00**<br>**0.00**<br>**-7,440.00**<br>**0.00**<br>**68,520.79**<br>**207,235.64**<br>**0.00**<br>**0.00**<br>**0.00**<br>**207,235.64**<br>**8,384.91**<br>**0.00**<br>**0.00**<br>**318,092.84**<br>**0.00**<br>**326,477.75**<br>**64,450.00**<br>**87,370.48**<br>**0.00**<br>**0.00**<br>**0.00**<br>**151,820.48**<br>**18,400.00**<br>**20,757.84**<br>**0.00**<br>**0.00**<br>**0.00**<br>**39,157.84**<br>**0.00**<br>**27,094.22**<br>**21.94**<br>**933.44**<br>**0.00**<br>**28,049.60**<br>**23,351.82**<br>**1,121.30**<br>**0.00**<br>**0.00**<br>**0.00**<br>**24,473.12**|
||**349,877.38**<br>**184,249.62**<br>**21.94**<br>**311,586.28**<br>**0.00**<br>**845,735.22**|
||**-                  597.12                         -                        -                    -                 597.12**<br>**-**<br>**-**<br>**(266,747.49)        118,787.74                393.91    (301,300.23)                  -        (448,866.07)**<br>**9,000.00**<br>**0.00**<br>**0.00**<br>**-9,000.00**<br>**0.00                        -**<br>**-**<br>**(257,747.49)**<br>**118,787.74**<br>**393.91    (310,300.23)**<br>**0.00      (448,866.07)**<br>**1,859,377.26**<br>**393,437.80**<br>**156,202.75**<br>**330,599.64**<br>**2,739,617.45**|
||**1,601,629.77**<br>**512,225.54**<br>**156,596.66**<br>**20,299.41**<br>**0.00**<br>**2,290,751.38**|
||**1,451,550.99**<br>**1,451,550.99**<br>**0.00**<br>**0.00**<br>**0.00**<br>**8,315.10**<br>**8,315.10**<br>**17,959.14**<br>**17,959.14**<br>**142,794.03**<br>**142,794.03**<br>**0.00**<br>**503,910.44**<br>**8,090.45**<br>**18,468.77**<br>**530,469.66**<br>**12,098.43**<br>**60,202.11**<br>**0.00**<br>**72,300.54**<br>**57,215.03**<br>**88,304.10**<br>**1,830.64**<br>**147,349.77**<br>**79,987.85**<br>**79,987.85**<br>**0.00**<br>**0.00**<br>**0.00**<br>**0.00**<br>**1,601,629.77**<br>**512,225.54**<br>**156,596.66**<br>**20,299.41**<br>**0.00**<br>**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**<br>**2024**<br>Trust Fund Number<br>Balance from last year:-<br>Trustees Interest Fund<br>Investments - CFB Units<br>Income<br>Interest<br>Dividends<br>Sale of Properties -<br>Grants/Donations received<br>CPF Grant refunded<br>Transfer from Closed Churches<br>Expenditure<br>CPF Levy on property sales<br>Burton Road refurbishments<br>District Levy<br>Transfer to Circuit<br>TMCP Admin charge<br>**Closing Balance:-**<br>Trustees Interest Fund<br>Investments - CFB Units<br>Increase/(decrease) in Investments<br>**Property Sales**<br>12 Harewood Cvrescent||Circuit Model<br>Trust Fund<br>9260<br>385,719.82<br>7,717.98<br>393,437.80<br>302,440.24<br>23,780.86<br>233.17<br>278,426.21<br>184,249.62<br>87,370.48<br>75,000.00<br>20,757.84<br>1,121.30<br>**503,910.44**<br>**8,315.10**<br>**512,225.54**<br>597.12<br>Proceeds<br>278,426.21<br>278,426.21|**TMCP Trusts**<br>Designated<br>Chambers<br>**Other**<br>Local Preachers<br>Bequest<br>**Funds**<br>22337<br>22631<br>**Total**<br>7,696.54<br>327,524.00    335,220.54<br>-<br>7,696.54                   -      327,524.00    335,220.54<br>415.85                   -          9,971.05      10,386.90        312,827.14<br>415.85<br>9,971.05      10,386.90<br>-<br>-<br>-<br>-<br>-<br>-<br>21.94                   -      319,026.28    319,048.22        503,297.84<br>-<br>318,092.84<br>-<br>-<br>-<br>-<br>21.94<br>933.44           955.38<br>-<br>**8,090.45                   -        18,468.77**26,559.22**-**<br>-<br>**8,090.45                   -        18,468.77**26,559.22<br>-                     -                     -<br>CPF Levy<br>Grants reclaim Net proceeds<br>87,370.48<br>191,055.73<br>-<br>-      191,055.73|
|---|---|---|---|
|||Circuit Model<br>Trust Fund<br>9260<br>385,719.82<br>7,717.98|Designated<br>Chambers<br>**Other**<br>Local Preachers<br>Bequest<br>**Funds**<br>22337<br>22631<br>**Total**<br>7,696.54<br>327,524.00    335,220.54<br>-|
|||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<br>233.17<br>278,426.21<br>184,249.62|415.85<br>9,971.05      10,386.90<br>-<br>-<br>-<br>-<br>-<br>-<br>21.94                   -      319,026.28    319,048.22|
|||87,370.48<br>75,000.00<br>20,757.84<br>1,121.30<br>**503,910.44**<br>**8,315.10**|-<br>318,092.84<br>-<br>-<br>-<br>-<br>21.94<br>933.44           955.38<br>-<br>**8,090.45                   -        18,468.77**26,559.22<br>-|
|||**512,225.54**|**8,090.45                   -        18,468.77**26,559.22|
|||597.12<br>Proceeds<br>278,426.21|-                     -                     -<br>CPF Levy<br>Grants reclaim Net proceeds<br>87,370.48<br>191,055.73<br>-|
|||278,426.21|-      191,055.73|





|**Income and Expenditure Account**<br>**31st August 2024**<br>a2<br>Assessment<br>a3<br>Capital Receipts<br>a4<br>Bank/CFB Interest etc.<br>a5<br>Grants<br>a6<br>Other Receipts<br>a7<br>Total received<br>b2<br>Stpends/Salaries & Travel costs<br>b3<br>Manse Costs<br>b4<br>Administraton etc<br>b5<br>District Assessment<br>b6<br>Grants & Donatons<br>b7<br>b8<br>Other Payments<br>b9<br>Total paid<br>c1<br>Net Receipts less Payments<br>c2<br>Opening balances<br>c3<br>sub-total<br>c4<br>Transfers and adjustments<br>c5<br>Closing Balances<br>**Cash Funds**<br>f1<br>Cash in Hand<br>f2<br>Bank Current Account<br>f3<br>Bank Deposit Account<br>f4<br>Central Finance Board<br>f5<br>Trustees for Methodist Church<br>f6<br>Other Funds - loans to churches<br>f7<br>sub total|**LINCOLN METHODIST CIRCUIT**<br>**General**<br>**CMTF**<br>**Total**<br>**Total**<br>**Totals**<br>**Fund**<br>**Designated**<br>**Restricted**<br>**for year**<br>**310,027.15**<br>**310,027.15**<br>**0.00**<br>**3,260.28**<br>**3,260.28**<br>**0.00**<br>**7,842.46**<br>**7,842.46**|
|---|---|
||**321,129.89**<br>**0.00**<br>**0.00**<br>**0.00**<br>**321,129.89**|
||**217,381.40**<br>**217,381.40**<br>**18,881.06**<br>**18,881.06**<br>**4,582.40**<br>**4,582.40**<br>**82,850.00**<br>**20,757.84**<br>**103,607.84**<br>**960.79**<br>**960.79**<br>**0.00**<br>**24,317.34**<br>**24,317.34**|
||**348,972.99**<br>**20,757.84**<br>**0.00**<br>**0.00**<br>**369,730.83**|
||**-27,843.10**<br>**-20,757.84**<br>**0.00**<br>**-48,600.94**<br>**385,719.82**<br>**385,719.82**<br>**364,961.98**<br>**0.00**<br>**0.00**<br>**337,118.88**<br>**0.00**|
||**0.00**<br>**364,961.98**<br>**0.00**<br>**0.00**<br>**337,118.88**|
||**0.00**<br>**147,349.77**<br>**0.00**<br>**72,300.54**<br>**530,469.66**<br>**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**<br>**Actual**<br>**INCOME**<br>Assessments<br>310,027<br>Rent<br>7,842<br>Other Income<br>5,260<br>323,130<br>**EXPENSES**<br>Cost of Ministers, incl Manses and expenses<br>220,377<br>Salaries<br>15,886<br>District Assessment<br>82,850<br>Cost of Administration<br>2,167<br>Cost of supporting churches<br>13,452<br>Costs of Surplus Property<br>(426)<br>Grants<br>961<br>Other Expenses<br>14,611<br>349,877<br>**Surplus/(Deficit)**<br> (26,747)<br>**Movement in Funds:-**<br>**General Fund**<br>(26,747)<br>**Designated Funds**<br>-<br>**Restricted Funds**<br>#REF!<br>#REF!<br>**Add: Transfer from Model Trust Fund**<br>-<br>#REF!<br>**FUNDS HELD IN CASH AND BANK BALANCES**<br>Cash at Banks<br>147,350<br>Central Finance Board<br>72,301<br>Funds held<br>219,650<br>Add Amounts paid in advance<br>17,959<br>237,609<br>Deduct Grants awarded in advance<br>-<br>Deduct Amounts received in advance<br> (79,988)<br>157,622|**Budget**<br>319,125<br>8,000<br>360<br>327,485<br>227,257<br>15,725<br>79,242<br>3,000<br>6,050<br>20,000<br>-<br>5,060<br>356,334<br> (28,849)|**Variance**<br>(9,098)<br>(158)<br>4,900|
|---|---|---|
|||(4,355)|
|||6,880<br>(161)<br>(3,608)<br>833<br>(7,402)<br>20,426<br>(961)<br> (9,551)|
|||6,457|
|||(10,812)|
|||**Last Year**<br>176,444<br>66,689|
|||243,133<br>17,825|
|||260,959<br>(3,500)<br> (71,845)|
|||185,614|





## **LINCOLN METHODIST CIRCUIT** 

## **DRAFT FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024** 

|**Designated Funds**<br>**Mission Fund**<br>Transfers from General Fund<br>Grants paid<br>**Fund movement in year**<br>**Mission Grants**<br>Transfers from General Fund<br>Grants paid<br>**Fund movement in year**<br>**Emergency Property**<br>Transfers from General Fund<br>Grants paid<br>**Fund movement in year**<br>**Local Preachers**<br>Transfers from General Fund<br>Grants paid<br>**Fund movement in year**|-<br>-|
|---|---|
||-|
||-<br>-|
||-|
||-<br>-|
||-|
||-<br>-|
||-|



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





## **LINCOLN METHODIST CIRCUIT** 

## **INTERIM FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024** 

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





## **LINCOLN METHODIST CIRCUIT** 

**INTERIM FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024** 

237,609 

260,959 



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





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





|Misc Income<br>Easter<br>Invoice Payments<br>Offering<br>**502.54**1,046.60**349.81**|**317,353.90**<br>Churches<br>Assessments|Bailgate<br>Burton Road<br>Central<br>Monks Rd<br>Navenby<br>45,000.00         9,000.00    11,172.50     7,937.50      14,932.50      28,012.50      10,748.75<br>Cherry<br>Willingham<br>Moorland<br>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**<br>||-|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-<br>quennials|Books /<br>Resources|Property|The<br>Chestnuts|Farrington|12<br>Harewood|41<br>Harewood|SympsonWestminste<br>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**|<br>**(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**|
|8**Total 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**|
|17**Total 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|
|20**Net 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|
|23**Net 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**|<br>**(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**|
|8**Total 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**|
|17**Total 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|
|20**Net 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|
|23**Net 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**<br>**Accounts**<br>**Fixed Assets**|**Notes to the**<br>**Accounts**<br>**Fixed Assets**|£<br>**General Fund**<br>**(Unrestricted)**|£<br>**Circuit Model**<br>**Trusts**<br>**(Unrestricted)**|£<br>**Designated**<br>**Funds**<br>**(Unrestricted)**|£<br>**Restricted**<br>**Funds**|£<br>**Endowment**<br>**Funds**|**Totals 2024**<br>£|
|---|---|---|---|---|---|---|---|
|||||||||
|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**<br>**(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<br>156,597<br>**20,299**<br>**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**<br>**Accounts**<br>**Fixed Assets**|**Notes to the**<br>**Accounts**<br>**Fixed Assets**|£<br>**General Fund**<br>**(Unrestricted)**|£<br>**Circuit Model**<br>**Trusts**<br>**(Unrestricted)**|£<br>**Designated**<br>**Funds**<br>**(Unrestricted)**|£<br>**Restricted**<br>**Funds**|£<br>**Endowment**<br>**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**<br>**(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<br>156,203<br>**330,600**<br>**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**<br>**Year to 31st August 2024**<br>Donatons<br>Legacies<br>**Year to 31st August 2023**<br>Donatons<br>Legacies<br>**5. Investment income**<br>**Year to 31st August 2024**<br>Central Finance Board<br>TMCP<br>Other<br>**Total**<br>**Year to 31st August 2023**<br>Central Finance Board<br>TMCP<br>Other<br>**Total**<br>**6. Capital Receipts**<br>Sale of Property - Surplus Manses<br>**7. Other Charitable Income**<br>Donatons<br>Other<br>**8. Payment to Trustees**|**Unrestricted**<br>**Designated**<br>**£**<br>**£**<br>**£**<br>2,000                  -                      -<br>**Circuit**<br>**Model**<br>**Trust Fund**|**Lincoln**<br>**Restricted   Endowment**<br>**£**<br>**£**<br>315**-**|**Circuit**<br>**Total**<br>**£**<br>**2,315**<br>**-**|
|---|---|---|---|
||**2,000                  -**|**315                      -**|**2,315**|
||2,164                  -                      -|<br>320,400|**-**<br>**2,164**<br>**320,400**|
||**2,164                  -**|**320,400                      -**|**322,564**|
||3,260<br>24,014|416                9,971|**3,260**<br> **34,401**<br>**-**|
||**3,260         24,014                    -**|**416               9,971**|**37,661**|
||4,687<br>12,407                240|7,524<br>0|**-**<br>**4,687**<br>**20,171**<br>**0**|
||**4,687         12,407                240**|**7,524                      -**|**24,858**|
||Net of purchase cost|**This year**<br>**£**<br>38,426<br>38,426<br>0|**Last year**<br>**£**|
||||0|
||||1,602|
||||1,602|
|||||
|With the excepton of Stpends paid to ministers, no payments were made to trustees for additonal<br>services provided to the Circuit by agreement with the Circuit Meetng<br>**Thisyear**<br>Number of trustees who were paid expenses<br>6<br>Nature of the expenses<br>Expense payments primarily relate to reimbursement for  travel costs<br>£<br>Total Amount Paid<br>7,704<br>**9. Fees for examinaton or audit of the accounts**<br>£<br>120<br>nil<br>**10 Paid employees (including Ministers)**<br>**Staf costs paid during the year were:**<br>£<br>Gross wages, salaries and benefts in kind<br>158,792<br>Employer's Natonal Insurance Costs<br>35,108<br>Pension Costs<br>13,335<br>Total Staf Costs<br>207,236<br>Independent examiner’s or auditors' fees  for reportng<br>on the accounts<br>Other fees (eg: advice, accountancy services) paid to the<br>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**|**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<br>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**<br>**Circuit**|**Lincoln**<br>**Circuit**|**Lincoln**<br>**Circuit**|**Lincoln**<br>**Circuit**|**Lincoln**<br>**Circuit**|
|---|---|---|---|---|---|
|Cost or valuaton|**Year to 31st August 2024**|||||
||**Residental Land**<br>**£**|**Other Land**<br>**£**|**Manses**<br>**£**|**Other builidngs**<br>**£**|**Total**<br>**£**|
|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**<br>****Basis**<br>**** Rate**|SL or RB<br>SL or RB<br>|||||
|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**<br>**£**|**Other Land**<br>**£**|**Manses**<br>**£**|**Other builidngs**<br>**£**|**Total**<br>**£**|
|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**<br>****Basis**<br>**** Rate**|SL or RB<br>SL or RB<br>|||||
|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**<br>**£**<br>8,315<br> <br>8,315<br>**£**<br>7,718<br>597<br>8,315<br>**£**<br>17,959<br>17,959<br>147,350<br>147,350<br>79,988<br>79,988|**Last Year**<br>**£**|
|---|---|---|
|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**|<br>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|||
|**N**etgain/(loss)on revaluaton|597|(342)|
|Carrying (market)value at end ofyear|8,315|7,718|
|**13. Analysis of current assets**<br>**Debtors and prepayments**<br>Pre paid assessments<br>Accrued  income<br>Other debtors<br>**Total debtors and prepayments**<br>**Analysis of cash at bank**<br>Bank balance held in Lloyds Bank Plc<br>**Total Cash and Bank**<br>**14. Analysis of current liabilites and long term creditors**<br>Trade Creditors<br>Other Creditors<br>**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**<br>**Balance**|**Income**|**Expenditure**|**Expenditure**|**Transfers**|**Closing**<br>**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**<br>**Balance**|**Income**|**Expenditure**||**Transfers**|**Closing**<br>**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**<br>**Fund Name**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**Purpose of the fund**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Designated Funds**<br>Mission Fund<br>50,138<br>0<br>0<br>0<br>50,138 To serve the needs of the Circuit in Mission & Outreach<br>Mission Grants<br>44,653<br>0<br>6,486<br>0<br>38,166 To serve the needs of the Circuit in Mission & Outreach<br>EmergencyPropertyFund<br>84,502<br>0<br>0<br>(24,300)<br>60,202 To serve the needs of the Circuit and Church Buildings(contngency)<br>Local Preachers Fund<br>7,478<br>240<br>21<br>0<br>7,697 To serve the needs of the Circuit in Mission & Outreach<br>Totals<br>186,770<br>240<br>6,508<br>(24,300)<br>156,203<br>**Restricted Funds**<br>Burton Road<br>0<br>327,524<br>0<br>0<br>327,524 Message Trust - ceased 31.8.22<br>God Pod<br>2,676<br>400<br>0<br>0<br>3,076 God Pod Bus Ministry<br>BBH Pioneer<br>0<br>0<br>0<br>0 Grant awarded 2022payable over 5years<br>Totals<br>2,676<br>327,924<br>0<br>0<br>330,600<br>**Endowment Name**<br>**How the capital is  invested**<br>**Current value of capital**<br>**Annual income**<br>**What the income was used for**<br>**£**<br>**£**<br>Totals<br>0<br>0<br>**Opening**<br>**Balance**<br>**Closing**<br>**Balance**|||||||||||||
|**Fund Name**||**Opening**<br>**Balance**|**Income**|**Expenditure**||**Transfers**|**Closing**<br>**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<br>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** 

**0** 

**0**