Lincoln Circuit (17/2) Registered Charity No: 1134886 ## Lincoln Circuit Trustees’ Annual Report 2024-25 ## **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 hope that this report acts as an expression of our purposes and mission and not just the cost of our activities. Revd Richard Mottershead _Superintendent Minister_ Richard Wills _Senior Circuit Steward_ ## **Aims and organisation for the Lincoln Circuit** The Methodist Church Purposes as defined 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.”_ We believe that “ _Love is at the heart of everything we are_ .” So, we have condensed the way in which we will deliver our purposes with a simple mnemonic: **L** et God guide **O** pen to the Spirit **V** alue Everyone **E** xpect great things **Our Vision** _(our intended destination_ ) is where we strive to be in the future. - The Jesus story relevant to 21st Century people. - We are a thriving part of the Methodist Movement, by making disciples of Jesus. **Our Mission** is the route map that describes what we do to achieve our purpose and vision. Within and beyond our churches, we - **… Connect** churches and communities - **… Advocate** for social justice - **… Serve** in tangible actions - **… Evangelise** by telling our story ## **Our mission areas** ## **City Mission:** - City Centre churches - Suburban churches ## **Rural Mission:** - Town and village churches (clustering when necessary) ## **Our Resources** **People** in Ministry: - Lay roles - Ordained ministers - Chaplaincy roles **Property** that is fit for purpose. **Pounds** used wisely ## **Our Governance** - Loving - Ethical - Agile - Democratic - Inspiring - Nurturing - God-focussed Our formal governance consists of trustees who form: - the Circuit Meeting; _and from which is drawn_ - the Circuit Leadership Our worshiping communities (churches) are connected through the Constitution, Practice and Discipline of the Methodist Church in Britian, but remain independent managing trustee bodies (church councils). Our purpose, vision and mission translate to **many practical activities** : - Weekly worship open to members of the church and non-members alike, in 18 places provided by a network of preachers, worship leaders and ordained ministers. - Worship support in Stones Place, a care home run by MHA - Pastoral work in our churches and community - Taking religious assemblies in local schools. 2 - Promotion of Christianity through the staging of events and services. - Provision of chaplaincy services to the local university and other institutions. - Promoting social justice in accordance with our beliefs. - Activities that are directly provided by our churches, largely through 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 preschools ## **Brief financial review of the year 2024-25** 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 incomeearning enterprises. The total membership of our 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. There are signs in some churches that our practical support to communities is encouraging people to assist with such activities as well as joining our congregations. ## **INCOME TRENDS:** Historically, our revenue expenditure has been met through the generous giving of church congregations, and this still provides the bulk of our regular income. 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 established a Transition Reserve of £150,000. This is used to provide rebates on assessments for churches that may have immediate cash-flow difficulties and provides an opportunity for such churches to demonstrate they have a sustainable future. ## **EXPENDITURE TRENDS:** - Expenditure is rising with inflation on stipends for ordained ministers, pay for lay employees, National Insurance and prices increases. 3 - Expenditure overall was slightly LOWER than budget. - Stipend expenditure has increased each budget year in line with conference approved increases. - 22% of budget 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) ## FINANCIAL SUMMARY |||Actual £||Budget £| |---|---|---|---|---| |Income from assessments:||358,489||378k| |Use of reserves to support income(Transition Reserve)||20,700||| |Expenditure||356,712||380k| Balances: - The net current assets of the circuit are £938,762 (General A/C £116,660, CFB £138,213 Model Trust £683,889). - Unrestricted Funds have been established for designated purposes and there are some small restricted funds for specific purposes. - There are adequate reserves to cover six months of operating expenditure as part of the circuit reserves policy. - The circuit also has 5 properties in its portfolio, which are manses for the ministers. ## **Plans for 2025-26** In September 2025, the Lincoln Circuit expanded by merging churches from part of the previous Mid-Lincolnshire Circuit. This should help to make the Circuit more sustainable since the overall budget has increased only marginally, but the costs recovered through assessments are distributed over more churches. Circuit financial plans for 2025-26 have been prepared on the basis that there are 5 ordained staff [3.8 fte] and three part-time lay employees. Reserves are healthy. It is intended to review all property in the Circuit so that we can determine how best we can use them for our fundamental mission or use them to earn income by which we can fund our charitable activities. ## RESERVES POLICY: The Reserves Policy for the Circuit is to hold between 3 months and 6 months of expenditure in an Operating Reserve. In addition, funds have been designated for specific purposes: - Transition Reserve – to assist churches with cash flow problems - Equipping for Mission Fund – to provide money for specific charitable activities. - Building for Mission Fund – to manage and improve our property estate - Investing for Mission Fund – to provide income streams for charitable purposes. - Restricted funds – for specific charitable purposes, usually specified by donors. ## **Structure, Governance and Management** 4 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) - Revd Canon Alan Robson - Revd Juliet Wriglesworth - Deacon Helen Gardner - 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 - Mrs Denise Allitt 5 ## **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 Office 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. 6 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. 7 ## **APPENDIX A** ## **LIST OF TRUSTEES:** |**LIST OF TRUSTEES:**||| |---|---|---| |Circuit|Revd Margaret Doughty|Presbyter| ||Revd Jennifer Matthews|Presbyter| ||Revd Canon Alan Robson|Presbyter| ||Revd Juliet Wriglesworth|Presbyter| ||Miss Eleanor Downie|Circuit Steward| ||Miss Sheila Downie|Circuit Steward| ||Mr Alan Measures|Finance/Safeguarding/LP Sec| ||Mr Richard Wills|Circuit Steward| ||Mrs Catherine Ridley|Circuit Administrator| ||Mrs Sylvia Curry|Methodist Women in Britain| ||Mrs Rae Perkins|MHA| |Bailgate|Mr Scott Prentice|Steward| ||Mr Chris Matthews|Steward| ||Mrs Laura Barker-
Jorgensen|Member| |Burton Road|Mr Geoff Gilbert|Treasurer| ||Mrs Helen Sheehan|Member| ||Mr Mark Thompson|Steward| ||Mrs Wendy Thompson|Senior Steward| |Central|Mrs Val Pilkington|Member| ||Mrs Margaret Houtby|Senior Steward| ||Mrs Kathy Rushton|Member| |Cherry Willingham|Mrs Jenny Robinson|Steward| ||Mr Roger Smith|Treasurer/Connexional treasurer| ||Mr Paul Wood|Member| |Monks Road|Mr David Brown|Treasurer| ||Mr Jonathan Nowell|Member| ||Revd Dr Terry Nowell|Supernumerary Minister| ||Mrs Lorraine Osgodby|Senior Steward| |Moorland Park|Mrs Brenda Walters|Member| ||Mr Gordon Daws|Member| |Navenby|Mr Trevor Sissons|Steward| ||Mrs Elizabeth Willett|Member| |Nettleham|Mr Chris Rogalski|Treasurer| ||Mr Marcus Harborne|CAP| ||Mr David Vincent|Member| |North Hykeham|Mrs Barbara Abbott|Senior Steward| ||Mrs Barbara Norman|Treasurer| |Reepham|Mrs Jill Singleton|Treasurer| ||Dr Roy Jackson|Steward| |Skellingthorpe|Mrs Pat Bishop|Steward| ||Mrs Pat Robinson|Steward| ||Mr Ivor McNish|Treasurer| 8 |St Columba's|Mrs Trish Kirk|Member| |---|---|---| ||Mrs Nicole Bond|Church Secretary| |St Giles|Mrs Anne Beckett|Treasurer| ||Mrs Barbara Hutchinson|Member| ||Mr Peter Sherlock|Senior Steward| |Swallowbeck|Mrs Beryl Faulkner|Steward| ||Mrs Jackie Isherwood|Church Secretary| ||Mr Keith Woolhouse|Treasurer| |Washingborough|Mr Keith Swann|Steward| ||Mrs Carolyn Swann|Treasurer| ||Mrs Lesley Tyreman|Steward| |Welton & Dunholme|Mrs Elaine 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 Tuesday, 10[th] February 2026** …………………………………………………. (signed) …………………………………………………. (signed) Revd Richard Mottershead Mr Richard Wills Superintendent Minister Lead Circuit Steward 10 **Circuit Accruals Accounts 2024-25** ## **THE METHODIST CHURCH** ## **REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2025** |**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
**Circuit Stewards**
Mr Richard Wills
Miss Eleanor Downie
Miss Sheila Downie
Mr Alan Measures
**Circuit Treasurer**
Mr Alan Measures|**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
**Circuit Stewards**
Mr Richard Wills
Miss Eleanor Downie
Miss Sheila Downie
Mr Alan Measures
**Circuit Treasurer**
Mr Alan Measures|**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
**Circuit Stewards**
Mr Richard Wills
Miss Eleanor Downie
Miss Sheila Downie
Mr Alan Measures
**Circuit Treasurer**
Mr Alan Measures|**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
**Circuit Stewards**
Mr Richard Wills
Miss Eleanor Downie
Miss Sheila Downie
Mr Alan Measures
**Circuit Treasurer**
Mr Alan Measures|**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
**Circuit Stewards**
Mr Richard Wills
Miss Eleanor Downie
Miss Sheila Downie
Mr Alan Measures
**Circuit Treasurer**
Mr Alan Measures| |---|---|---|---|---| |||||**1134886**| |||||| |||Lincolnshire
**Circuit No**||**17/2**| ||**Ministers**
**Circuit Stewards**
**Circuit Treasurer**|||| ||||Revd Richard Mottershead|| |||||| ||||Revd Canon Alan Robson|| ||||Revd Margaret Doughty|| ||||Revd Jennifer Matthews|| ||||Revd Juliet Wrigglesworth|| ||||Deacon Helen Gardner|| |||||| |||||| |||||| ||||Mr Richard Wills|| ||||Miss Eleanor Downie|| ||||Miss Sheila Downie|| ||||Mr Alan Measures|| |||||| |||||| |||||| |||||| |||||| |||||| ||||Mr Alan Measures|| Name of Circuit Circuit No **17/2** ## **Lincoln** ## **Statement of Financial Activities (SOFA) for the year ended 31 August 2025** ||**Notes to**||**Circuit Model**|**Designated**|||| |---|---|---|---|---|---|---|---| ||**the**|**General Fund**|**Trust**|**Funds**|**Restricted**|**Endowment**|**Total**| ||**accounts**|
**(Unrestricted)**|**(Unrestricted)**|**(Unrestricted)**|**Funds**|**Funds**|**2024-25**| |||£|£|£|£|£|£| |**Income**|||||||| |1 Donations and legacies|4||||240||**240**| |2 Income from monetary investments|5|3,890|27,682|386|875||**32,832**| |3 Income from investment properties|3|8,840|||||**8,840**| |4 Assessments on Churches||358,489|||||**358,489**| |5 Capital Receipts|6||240,382||||**240,382**| |6 Grants received|||||||**0**| |7 Other charitable income|7||||||**0**| |8**Total income**||**371,219**|**268,064**|**386**|**1,115**|**0**|**640,783**| |**Expenditure**|||||||| |9 Grants and donations||||30,684|17,274||**47,958**| |10 Salaries and associated costs|10|212,424|||||**212,424**| |11 Property maintenance||2,812|||||**2,812**| |12 Connexional assessment & levy on sales||67,600|72,153||||**139,753**| |13 District Assessment & Model Trust levy||18,400|29,667||||**48,067**| |14 Depreciation|||||||**0**| |15 Office expenses||25,782||26|60||**25,868**| |16 Other outgoings||29,694|1,665||||**31,359**| |17**Total charitable expenditure**||**356,713**|**103,484**|**30,710**|**17,334**|**0**|**508,242**| |18 Gains/(losses) on monetary investments|||15||||**15**| |19 Gains/(losses) on investment properties|||||||0| |20**Net income/(expenditure)**||**14,506**|**164,594**|**(30,324)**|**(16,219)**|**0**|**132,557**| |21 Transfers between funds||(204,994)||201,494|3,500||0| |22 Other gains/(losses)|||||||0| |23**Net movement in funds**||**(190,488)**|**164,594**|**171,169**|**(12,719)**|**0**|**132,557**| |24 Total funds brought forward||1,601,630|512,226|156,597|20,299||2,290,751| |**25 Total funds carried forward**||**1,411,142**|**676,820**|**327,766**|**7,580**|**0**|**2,423,308**| 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**| |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**| **Circuit No 17/2** ## Name of Circuit ## **Lincoln** ## **Balance Sheet as at 31 August 2025** |**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||8,330||||8,330| |**_Total fixed assets_**||**1,451,551**|**8,330**|**0**|**0**|**0**|**1,459,881**| |**Current Assets**|||||||| |Debtors|13|15,741|||||15,741| |Loans bythe Circuit|16|122,794|||||122,794| |Trustee Investment Fund at TMCP||0|668,490|8,450|6,950||683,889| |Central Finance Board Deposits||-51,803||190,016|0||138,213| |Cash at Bank and in hand|13|-13,270||129,300|631||116,661| |**_Total current assets_**||**73,462**|**668,490**|**327,766**|**7,580**|**0**|**1,077,298**| |**Current liabilities**|||||||| |Creditors (due in under 1 year)|14|113,871|||||113,871| |Grantspayable within 2023-24|||||0||0| |**_Total current liabilities_**||**113,871**|**0**|**0**|**0**|**0**|**113,871**| |**_Net current assets/liabilities_**||**-40,409**|**668,490**|**327,766**|**7,580**|**0**|**963,427**| ||||||||| |**_Total assets less current liabilities_**||**1,411,142**|**676,820**|**327,766**|**7,580**|**0**|**2,423,308**| |**Long term liabilites**
**(due afer more than oneyear)**|||||||| |---|---|---|---|---|---|---|---| |Grantspayable after 2023-24|||||||**0**| |Loans to the Circuit|||||||**0**| ||||||||**0**| |**_Net assets_**||**1,411,142**|**676,820**|**327,766**|**7,580**|**0**|**2,423,308**| ## **Funds of the Circuit** |**Funds of the Circuit**|||||||| |---|---|---|---|---|---|---|---| |General Fund(Unrestricted)||1,411,142|676,820
327,766
**7,580**
**0**||||**1,411,142**| |Circuit Model Trust Fund (Unrestricted)|||676,820|327,766|||**1,004,586**| |**_Total Unrestricted Funds_**|||||||**2,415,728**| |Restricted Funds|||||**7,580**||**7,580**| |Endowment Funds||||||**0**|**0**| |**_Total Funds_**||**1,411,142**|**676,820**|**327,766**|**7,580**|**0**|**2,423,308**| Signed Circuit Treasurer 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**| |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**
**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 2025**
Donatons
Legacies
**Year to 31st August 2024**
Donatons
Legacies
**5. Investment income**
**Year to 31st August 2025**
Central Finance Board
TMCP
Other
**Total**
**Year to 31st August 2024**
Central Finance Board
TMCP
Other
**Total**
**6. Capital Receipts**
Sale of Property - Surplus Manses
**7. Other Charitable Income**
Donatons
Other|**Unrestricted**
**Designated**
**£**
**£**
**£**
- -
**Circuit**
**Model**
**Trust Fund**|**Lincoln**
**Restricted Endowment**
**£**
**£**
240**-**|**Circuit**
**Total**
**£**
**240**
**-**| |---|---|---|---| ||**- -**|**240 -**|**240**| ||2,000 - -|315|**-**
**2,315**
**-**| ||**2,000 -**|**315 -**|**2,315**| ||3,890
27,682|386|**3,890**
**28,067**
**-**| ||**3,890 27,682 -**|**- 386**|**31,957**| ||3,260
24,014|416 9,971
0|**-**
**3,260**
**34,401**
**0**| ||**3,260 24,014 -**|**416 9,971**|**37,661**| ||Net of purchase cost|**This year**
**£**
240,381
240,381
0|**Last year**
**£**
38,426| ||||38,426| ||||0| ||||0| ## **8. Payment to Trustees** With the exception of Stipends paid to ministers, no payments were made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting |Number of trustees who were paid expenses
Nature of the expenses
Expense payments primarily relate to reimbursement for travel costs
Total Amount Paid
**9. Fees for examinaton or audit of the accounts**
**10 Paid employees (including Ministers)**
**Staf costs paid during the year were:**
Gross wages, salaries and benefts in kind
Employer's Natonal Insurance Costs
Pension Costs
Total Staf Costs
Independent examiner’s or auditors' fees for reportng
on the accounts
Other fees (eg: advice, accountancy services) paid to the
independent examiner or auditor|**Thisyear**
6
£
10,268
£
120
nil
£
151,423
27,300
15,597
194,319|**Lastyear**| |---|---|---| |||6| |||£| |||7,704| |||£| |||120| |||nil| |||£| ||151,423|158,792| ||27,300|35,108| ||15,597|13,335| ||194,319|207,235| Average number of staff employed during the year were 6 6 **Lincoln** **Circuit** ## **11. Tangible Fixed Assets** Cost or valuation |**11. Tangible Fixed Assets**
|**Lincoln**
**Circuit**|**Lincoln**
**Circuit**|**Lincoln**
**Circuit**|**Lincoln**
**Circuit**|**Lincoln**
**Circuit**| |---|---|---|---|---|---| |Cost or valuaton|**Year to 31st August 2025**||||| ||**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 ## **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(-)|||||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**
**£**
8,330

8,330
**£**
8,315
15
8,330
**£**
0
116,661
116,661
0|**Last Year**
**£**| |---|---|---| |Investments listed on a recognised Stock Exchange||| |Investments held in common investment funds,|8,330|8,330| |Securites not listed on a recognised Stock Exchange||| |Other investments||| |**Total**|
8,330|8,330| |**Change in investment values**||**£**| |Carrying (market)value at beginningofyear|8,315|8,315| |**Add:**additons to investments at cost||| |**Less:**disposals at carryingvalue||| |**N**etgain/(loss)on revaluaton|15|15| |Carrying (market)value at end ofyear|8,330|8,330| |**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**||**£**| |||| |||| |||| |||0| |||| |||147,350| |||| |||147,350| |||| |||79,988| |||| ||0|79,988| ## **15. Capital Commitments and Contingent Liabilities** At 31st August 2025 the Circuit has no capital commitments (2024:Nil). No Contingent liabilities were identified at 31st August 2025 (2024: 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 2025 was £89,14312023.. £69,143) **Lincoln Circuit** **17. Detailed analysis of individual fund movements Unrestricted Funds** **Year ended 31st August 2025** |**Fund Name**||**Opening**
**Balance**|**Income**|**Expenditure**|**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**||||||||||||| |Transiton Reserve||150,000||20,700|||129,300|To helpchurc|hespaytheir|assessmen|t|| |EquipingMission Fund||50,000|0|2,880||0|47,120|To serve the|needs of the|Circuit in Mi|ssion & Out|reach| |Buildingfor Mission||40,000|0|7,104||0|32,896|To serve the|needs of the|Circuit in Mi|ssion & Out|reach| |Investngin Mission||10,000|0|0||0|10,000|To serve the|needs of the|Circuit and C|hurch Build|ings(contn| |Local Preachers Fund||8,090|386|26||0|8,450|||||| |Totals||258,090|386|30,710||0|227,766|||||| |**Restricted Funds**||||||||||||| |Burton Road Bequest||18,469|875|12,394||0|6,950|Bequest for u|se at Burton|Road Metho|dist Church|| |God Pod||1,831|240|1,440||0|631|God Pod Bus|Ministry|||| |CAP|||0|3,500|||(3,500)|Grant||||| |Totals||20,300|1,115|17,334||0|4,081|||||| |||||||||||||| |**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 2024** |**Fund Name**||**Opening**
**Balance**|**Income**|**Expenditure**|**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|||||50,138|To serve the|needs of the|Circuit in Mi|ssion & Out|reach| |Mission Grants||44,653|||||44,653|To serve the|needs of the|Circuit in Mi|ssion & Out|reach| |EmergencyPropertyFund||84,502|||||84,502|To serve the|needs of the|Circuit and C|hurch Build|ings(contn| |Local Preachers Fund||7,478|||||7,478|To serve the|needs of the|Circuit in Mi|ssion & Out|reach| |Totals||186,770|0|0||0|186,770|||||| |**Restricted Funds**||||||||||||| |Burton Road||0|||||0|Message Trus|t - ceased 31|.8.22||| |God Pod||2,676|||||2,676|God Pod Bus|Ministry|||| |BBH Pioneer|||||||0|Grant awarde|d 2022paya|ble over 5y|ears|| |Totals||2,676|0|0||0|2,676|||||| |||||||||||||| |**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 lual 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** Circuit Accruals Accounts 2024-25 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2025 LINCOLN Circuit Rogl•tsrod Ch•rlty- R6gi*tr4tion nurn￿r 1134886 Lincolnshire Clrcult No 1712 Mln18ter8 Revd Richard Mottershead Fievd Canon Alan Robson Revd Margaret Doughty Rovd Jgnnifer Matthews Revd Juliet Wriggl&sworth Deacon Helen Garclner Circult 8toward8 Mr Richard Wills Miss Èleanor Down Miss Sheila uownte Mr Alan Measures Clrcult Trga8urer Mr Alan Measures Name of c1￿urt Uncoln Circuit No 1712 Statomont of Financial Activities (SOFA) for the yoar ondad 31 August 2025 Clrcutt Mod•l D•Blgnatod th• G•n•r•l Fund Truit Fund• a￿Ounts IUnr•8trictedl Iunwtrictsd) (unrestrIct￿l FunJJ Funds 20*25 Income 1 tl)nati0ft8 and *8d88 2 Ino)me from monetsry inv•81m• 3 IThx*me trom Investment Pfopen 4 Assessments ￿ Churche5 3 Capital R￿￿p1S e OFanb recei¥ed 7 Other chan1a￿e inc¥Jme 8 Tot•1 Incom• 240 875 3.8 8,840 358,489 27.882 32,832 318A89 240,382 371.218 268.064 640.783 Expondlturo 9 Grentg Bnd d¢￿￿10r 10 SaL￿￿3 and as30cw￿ 11 Pror￿ mBinlenar 12 Cl￿neMb)n* asse58ment & s 13 Dist￿1 Agstssment & Trust I 14 DoprecLgtion 15 Olfte expenses 16 Oth•r out9￿ng6 17 Total charftabh •xp•ndltsJf• 18 Gaw*WIIo$8081 on mongtsry Inv•otm6n 19 GainEJllo&8esl on Investrn￿ prwrt*s 20 N•t IncornWltrxppndltur•) 21 Transfefs fund8 22 Other 9ain8111088e81 23 Nèt mov•m•nt In lund• 24 TniAI fund4 brnught forward 25 Total funds carrled forward 17,274 47,958 212,424 2,011 f 39,753 48.087 10 212.424 2.812 87.800 18.400 72,153 2g,887 2S,782 29,694 356.713 26.868 31,359 808.242 1,605 103,484 15 30.710 17.334 14,606 1204,g941 114,594 130,324} 201.494 116,219) 132.S57 190,4861 1.601,830 1,411.142 164.694 512.226 676.820 171.169 156.597 327.766 112.7191 20 299 132.667 2 290.751 0 2A23.308 Name ol Clrcuil Lln¢oln Clrcult No 1712 Balance Sheet as at 31 August 2025 G•n•r•l Fun*J Iunrestrlctedl ¢lt¢ull mo￿1 Trnstj gna Fundi R••tri¢t•d Funds EndowTh•m Fundj Totsh 2024 irouit Prop•rb' Inveslment PrO￿rI Invesiments 1,461,661 1,4SI,£61 12 8,330 8.330 8,330 1A59,881 Tor41flx•d4￿l$ 1,451,551 13 15.741 123,794 Loons ty th• cl￿(£ Trustee Investmenl Fund at TMCP Cetstral FID?nG¢ Board Deposit5 Cash at Bank and In hand 122,794 683.889 138.213 116.861 1,077Jg8 008,4 8,450 190.01e 129.3 327,786 8,950 1,803 -13,270 73M2 13 631 168,490 Curr•nl Il•blllU•• Crgdltors (due In Under 1 yearl Grants payable ¥*ithin 2023-24 rol•l eurr•ntll•bllld•* N•t¢urr•nt as••tsrti•biith 14 113,871 113.871 113M71 96JN27 JA90 327.786 7.580 Total•sMl¥ 108$ cunwrtii*bllltlo0 IAII.142 676020 327,788 2N23JOO Long term Ilabllltles due after rnore than on• Y￿rI Grants payable 8fter 2023.24 lo the C*rcuit N•t asmts 1.411.142 678.820 327.768 7,680 2.423.308 Fund• of thg Clrcull General Fund {Unrestn'￿edl GIIcuii ML¥Jd TTUSI Funo (Unie61riBted? 1.411.142 676,820 327,1È6 1,IJV4,58 2.415,720 Re81rfcted Funds FutKJs 7,580 TotsJFuJ 1.411.142 75J2D 327.766 2.4Z3.308 Slgn Circuit Treasurer Notes to the Accounts Uncoln Clrcult 8asl$ ot accoyntln8 The fin81￿5¥1 statements have been prep8TeO under the Charities A¢1 2011 in aW?rdaTr￿ with the 2014 version of Accounting and Reporting by Charities: Statementof Re¢oTnrnended Pr•rtl¢e150RPI applluble to ch•rities pre￿￿￿¥ their accounts l• accordance wlth the Hnanclal ReportlTr8 Standard f¢f Smaller Ent￿1*% appllcable in the UK leffective from I JaTru•ry Z0151-the Ch•rltles 50RP IFR5SEI- In repl•cemeni for th¢ 50RP's 2CQ5 ￿￿)19￿ IPcC[r￿ in Fts rtknted 2Th AeKulation5 and in accordance withthe'tnje and fair o¥erride' provision contsined therein. Funds The fvnds held include General Funds held fLW arry p￿rpoSe of Orcurt whlch are Unrestrtrted. the Clr¢uk Mc&1 Trust Fur￿ which haswide purposes d*finèd in Standingorders •nd Isutegorlsed 8$ Vnrestricted, DeS￿nated Fundswhich have been set asjde for partlcular purpose5 but are 5tlll Vnrestritted, Restritted fvnds whlch are held for a narrower PUTP05e and are listed in the fin•l t4ote beltxv and Endowrnent lunds whith are also Ilsted In that Note. Any fvrbds may be represented by more than just cash. A¢¢ountln8 pollcle$ sis Th¢se a¢¢ounts have been prepared on the bgsts of hlstorical cort, except that Iiive5tments are shown attheir m¥rkeiv•lue t the end of the ye4r, on the 8¢cru•ts ￿$$5 to show • true ènd lalr vlew olthe CIrcu￿$ flrtanclal posltlon and a(tfvltle5. ncome Recognltlon Inrome 15 inrludEd in the StatemEnt of Financial Activf(ies ISOFAI when the Circuit becornes entrtlvd to the re50urtes, and the trvstee5?re reasonabty certaln thEy VAII recelve the rE50yr￿. an¢J the monetsry valuE be rneisured v41th sufficient Resources Expended This 15 iecg¥nised when a I¥•￿11ty i5incurr¢d, ora wn5trurtiw obliytion 1ri5•5, that r•5uIts in the paym•rt bein¥ ovoldable. tiablllllE5 are rt(08n15ed as soon a5 an outflLW of economlc benefft Iscon51dered more Il*ety ihan not under tho le&•1 orconstru(Ilve obliAation committinKthe Circuitto pay out resource5. Grants Grants made by the Cirtuh from its own funds are rec¢ydnised in full at the time of agreement or when the Cifcuit accepts that there Is a legal oroperatlonal oblwtlon to make the payment. When the grant is recurrent over more than one year tht balancè payable in fvtyre year5 15 treated as a provision for future commitmerrts iTrlhe 8alIn￿ Sheet ¥in5t thè appropriale luftd, the p1cw1si￿ beSn8 iele•sed In future years as instalments are pald In a¢cord•nce wTrth the ￿l81n?￿Y agreed terms. VAT Sinte thÈ Clrtuit is nrtVAT rÈ8irtefed. all InputVAT ts charged the expense to whlch tt refers. Tangible flxed assets for uw by the Clrcult T￿se ¥re caplt•ltsed Ifthelr antKipated reli•ble IWe Is more than one year, tnd Indlvldyallycost at least £2PXJ- Tht freehold propertie5 are stth¥n In the accourrt5 at 2015 deemed values or Jt C05t if purchased after 2015, 01 whKh the land eornpoThaht in th• rt+*hN Tri1¢t$￿ it siin.¥Jq. No dgnrerlatloTr 15 Drovlded on anv of the bulldinRS because the tryste¢s consider theii Current residual laIr￿lue lon the assumptlon that they had reached the end of thelr usefvl economK lives by the year4ndl io be not It55 than rts currert value. Any depreciation would not be materlal. The properties have been re¥lewed forlmplrment. Investment Propertles The surplus property, a manx. wht(h was rented to provide income has ntN been SG4d. In¥eJtments InvestmeTrlsare valued In the bal3llc• sheet at m¥rket value ot the year end. Investment Income15 Included in the a¢¢¢xJnts when receivable and anyylnsor10sXS on revaluaiion atthe￿aT end are shown SOFA. Debtors and Prepayments Debtors relatr tothe poyment of the Septembershpends In Aug￿t, a cost paid in adv•nce olthe seNce to be recefved. Crndltors Cr•dltorg r•lJtO Tothe roeelptof Money for Church A55e55ments lor september. Impart of Accourtlng Cha￿eS There are no kcountlng changes Un¢oln Circuit ctrtult Unrostrktod Model DeslRnat•d R•strfLtyI Endowm•nt TNst Fund Totsl 4. DoYKtlons and Lqacl*• Yearto 31rt Auyt 1015 Doftations Le8acles 240 240 240 Vurt• Jl•tAW 2024 Donatlons Leeacles 315 lè35 315 2J S. InVestn￿nt Income Yurio 311t Ausiim 1015 Central Finan¢e Board TMCP 3,890 27,682 380 Othcr T¢)tal Yurto 318t AuBurt 2024 Céntral Finaneè Board TMCP Other 3WII Z7,612 31.957 3,260 3360 34AOi 24,014 9,971 Totsl 3.26L> 14.014 a16 9.971 a7MI 6. Caplthl R•c•ipts Thlsye•r Larty••r Stlé of Pfoperty- Surplus Manses Netof pur¢hase c05t 240,381 38,426 240,381 38,426 7. 1Xherc￿f1E•bI• Donations Other 8. Paymentto TrJst¢eg With the exception of Stlpends pald to mlnisteTS, no piyrnents were madetotrustees addbtlonal s•rwc¢s provided toth• Cirtvit by •Èroement with the Circuit Meetin8 Thls y••r Number of trustees who were pald expenses Nature of ttte expenses ExpEfbSe ￿YMellts prirnarily rel*e to ￿1Mbur$ement for travel Costs Totol Poid 10.26 7,704 9. Fees f•tex•MlnallM oravdll ofthe a¢t Deslgnated 1,601.400 512,226 156,597 2.270.223 371,219 355,291 29,667 1,6L7,328 482,559 156.983 2,256,870 Day to day income and expernditure To serve the needs of the Circuit in Mi55ion & Outreach Isee Belo￿) 386 Totals Designatel ar￿ Restrlcted Funds Fund Narne Openlng Baknce 371,605 384,958 Income Ewnditu Transfers C105inK Balarce Pwpose of the fund Deslin*el Funds Transition Fleserve E9uiping N is5ion Fund Building ftT Mission Investing IA MissiDn Local Preachers Fu￿& 150.(KX) 20,7CKI 2,880 7,ID4 129.300 47.120 32.896 io.(Mx) 8,450 227.766 Tcty help thvrches pay their assessment To serve the needs of the Circuit in M,'ssion & Outreach To serve the needs of the Circuit in Mission & OutrEach To seThe the needs of the CirC￿lt and Church BLJilding5 Icontin8enLyl 10,0 8,090 258, 386 26 Totals 386 30.710 Restrfrted Funds Burton Road Bequest Go)d Pod CAP 18,469 1,831 875 240 12,394 1,440 3,500 17,334 6.950 631 13,500) 4,081 Bequest for use at Burton Road Methodist Church God Pcrfj Bus Ministry Granl Totals 20,3 I,L15 Endowrne•t Naffle How the cap5ts1 rs In¥￿ted Current value of cawal Annual Ibxome What the in¢orne *ns used for Totals The reasors foi thetransfen between funds *re as fdlows.. See above re BBH Pioneer Llncoln Clrcult 17. Detalled analysls of IndI￿dual fvnd movements Unrestrlrted Funds Unreslrlrted Fund Narne Ye•r ended 31st Augurt 2025 Opening Balance Inc￿Tre Expendknre Transfers Closln8 Balan¢t Purpose of the fund Geneial Nodel Tfllst Oesignated 1,601,630 512,226 L56,597 2,270,453 371,219 268,079 386 35&713 103,484 30,710 49Q907 1204,994) 1,411.142 676,821 327,767 2,415,730 Day to day income and expenditure o serve the needs of the Circuit in Mission & Outreach {See Below) 201,491 13,500) Totals Desl8nated and Restrlcted Funds Fund Name Openln8 Baknce 639,684 Income Expendltyre Translers Closlnq Balance Purpose ol tho fvnd Deslgnaled Funds operati￿ ReseNe Transltion Reserve Equiping Mission Fund Building for Mission I nvesting in Mission Local Preachers Fwnd 50,138 38,166 49,862 111,834 50,OQtJ 40,OQtI 150,202) Iw,c 129,3 o help churches pay their assessment 47,120 To serve ihe neets of the Circuit in Mission & Outreach 32,896 To serve ihe neees of the Circuit in Mission & Outreach iO,CMX) To serve the neecs of the Circuit Church Buildings Icontingencyl 8,450 327,766 2Q700 1880 7, 104 60,202 8,090 L56,596 386 26 Totals 386 30,710 201,491 Restrlrted Funds Burton Road Bequest God Pod CAP 18,469 1.831 875 12,394 L440 3500 17,334 6,950 Bequest for use at Burton Road Methodist Church 631 God Pod Bus Minstry Grant 240 3,51fJ 3,5( Totals 20,3CK) 1,115 7,581 ndowment Nary HDW the capltal Is Invested Current Ydlue of ¢•pltal Anftual Income What th* Incomewas used for Totals The reasons for the transfers between funds were as folows: See alx)¥e re B8H Pioneer Lincoln Circuit DECLARATIONS Troa8uror I confiryn that Ihese accru81 b88ed a¢counts for the ye8r ended 31 August 2024 have baen prepared from th8 records of the Circurt and that they include all fiJnds under the control of the Circurt Meeting. SwJnature of TrèA#uror Name Alan Me8$ure8 Addre 13 Bridge Place, Saxilby, Lincoln LN1 2QA Pro￿ntatIon to th• Cireuit M•oting for approv•l. I confimi that the annual report and awnunts for th@ yoar @nded 31 Auguqt 2024 w•r• presented to the Cireurt Trugte88 al their meetin9 on and werè approved. StrJnaturo of the Chair of the moeting Nam8 of the Chair of the m•eting Rwd Richard Mottornhead ID.L.L Indepgndent Examinefs Roport to the Trustee8 of the Lincoln Circuit R••pon•lbllltlM and ba81• of Report I roport to the tru8tee8 on my examination of the accounts of the Lincoln Circuf( for the year errfjed 31 August 2024. As the Circuit's trustees. you are responsible for the preparation of the accounts in acrA)rdanc£ wth the requirements of the Chaiitie8 AGi 2011 ('the AGt'I. I report in respect of my examination of the Circutt's accounts carried out uncler section 145 of the Act and, in carying out my examination, I have followed all the applicabl8 Directions giv8n by tho Charity Commissron under 88ction 145{5)(bl of thg A¢t. Lincoln Circuit Ba•18 of Ind•p•nd•nt Examln•r'8 Report P¥ty examination was earned out in accordanek wilh the gene￿1 Direcllons given by the Charity Commission. An examinatson includes a review of the accounting records kept by tho charity and a comp8ri80n of the accounts presented wth Ihose records. It a180 Includ88 N)nsideration of any unusual rtems or disclosur88 in the accounts, and seeking explanations from you as Trust888 conceming any su¢h matters. The proceduie8 undertaken do not provlde 811 Ihe evidence that would be requirwj in an audit and consequenty no opinion 1$ given as to whethèr the accounts pre8em a Irue ana fair vw 8nd the report 1$ limited to tho88 matters sel out in the stAtomw)t b&low. Indop•nd•nt Examiner's Ststsm•nt I hav6 oompkl¢d my cxaminalitpn. l Gonfiiffl ¢liat liv IT141￿￿131 have come to my atten in connect+Dn witti the examination { believe that in, any material resp8¢t". ) wh￿h gi￿ me ¢ause to accounting records woro not kept in accordanee ¥￿th $8¢tion 130 of the Actr, or th8 accounts do not accord with the accounth'ng record8', or thg account8 do not eompty vthh the applicablo wuirem•Jn15 Con￿rnIng th8 forrn and contsnt of accounts set oul in the Chantigs (Accounts and Reports) Regulations 2008 other than any requirement th* the accounts give a .tn￿ and fai¢ view. whith is not o matter con$thred a$ part of an indeperxlenl ex8mination.' or the trustees, annual report 18 not conststent wlth the a¢Munts I have no concems and have come across no other matters in c4)nne¢tion with the examination to which attention should be drawn in this report in ofdor to enable a prop8r undetslanding of the accounts to be reached. I14￿have nol" Obtain￿ independent verfication of all investments with ts Truste8s for Methodist Church PurDoses or held in other Iiusts. bank balance3 and funds at the Central Finance Board of the Metht)dist Church at the balance 8heat date. . Please delete as appmpri8te Name Kerth May Signature Relèvant Prof098ional qu8lrfi¢ation or body Addru• oa5S GUIDANCE NOTES There Is an exemplar ￿￿thIn the guidaTh* notes produced by The South Bedfor&hlre Methodlst Clrcuit. All the items induded In the notes to accounts for th15 tircult may Mt be aH>licable to your arcult. Hease choose those that are apFlicable your notes to the accownts. Important note: Comparatives for the simmary of assets and liabilitles of each 13tegory of fund Df the ctharfty and for the detail in the movements in malellal I Therefore notes BSIO and BS11 need to be reprodU￿d to cover the previous year (2015-2016). to you and prtxluce Ihldual funds. GUIDANCE NOTES Please see sparate documert'SUg8erted framework for Clrcult annual report.. This shows examples of Items to In¢lLKle in the annual reporL Use this as £uldance to wrlte the annual report.