## **BEDE METHODIST CIRCUIT FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022** **Charity number: 1135516** ## **BEDE METHODIST CIRCUIT** |**Contents**|**Page**| |---|---| |Report of the Trustees|1-5| |Report of the Independent Examiner|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes forming part of the Financial Statements
|9 -12| |Trustee list|13| **BEDE METHODIST CIRCUIT** **1** ## **Report of the trustees for the year ended 31 August 2022** The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 August 2022. The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) ## **Purposes and activities** The charity’s objects is to act as a Resource provider within Gateshead South Tyneside and Sunderland. The purposes of the Methodist Church are and shall be deemed to have been since the date of the Union the advancement of – the Christian Faith in accordance with the doctrinal standards and the discipline of the Methodist Church any charitable purpose for the time being of any Connexional District circuit local or other organisation of the Methodist Church any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission’s guidance on public benefit. The Circuit is community based and is open to all to become involved. The strategies employed to achieve the circuit’s aims and objectives are to organisation and resourcing of regular public acts of worship open to members of the church and non-members alike teaching of Christianity through sermons courses and small groups promotion of Christianity through the staging of events and services providing financial grants to assist circuit churches and associated bodies **2** ## **BEDE METHODIST CIRCUIT** ## **Report of the trustees for the year ended 31 August 2022** ## **Achievements** During this year the life of our churches and circuit have continued to reassess themselves following the Covid pandemic. We have undertaken the circuit review and have implemented changes within the life of the circuit. Kibblesworth ceased to meet as church and is now a Circuit Project- Kibblesworth Community Project working with families and young people. A management team oversees the work. A feasibility study has been started within the churches in South Shields to look at how the three churches can become one. During the year Westoe Methodist Church ceased to meet and many of the members now worship at Talbot Road. St Mark’s Methodist Church also ceased to meet on 31[st] August 2022, and with this and the other churches who have ceased to meet we give thanks to God for the worship, witness and service which has been offered in these places. We have this last year been grateful to our two of our supernumary ministers who have offered to work in the circuit part time for one year. This has helped the circuit to bring changes to the Pastoral oversight of our churches. We give thanks also for the work of our other circuit project Grace Place and the ministry offered through this work. We will continue to face the challenges and changes that are before us and to do the work of the Church. ## **Financial Review** The circuit suffered a surplus of £41,580 (2021 – deficit £18,617) on unrestricted funds, after an agreed transfer of £98,143 from restricted to unrestricted and a circuit surplus of £86,655 on restricted funds (2021 – surplus £220,779). Total reserves held at 31 August 2022 are £723,290. Restricted reserves amount to £591,858 leaving unrestricted reserves of £131,432. ## **Reserves policy and going concern** Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned expenditure. The trustees in line with Charity Commission guidance seek to have a minimum of six months expenditure in reserves. The trustees do not believe going concern is an issue in the next twelve months given the careful financial management employed by the charity and level of monies held in the bank. Expenditure for 2021/22 is expected to be £20,000 less than 2021 at £398,000. Current unrestricted reserves represent just under three months expenditure. Expenditure is unrestricted spending and an amount for district assessment. Restricted reserves comprise of |Advance fund|held for one-off larger costs| |---|---| |Benevolent|to alleviate poverty and distress| |Mission|to assist spreading the word of the church| ## **BEDE METHODIST CIRCUIT** ## **3** ## **Report of the trustees for the year ended 31 August 2022** ## **Plans for future periods** As a circuit we are hosting strategic meetings and discussing the future of the circuit how can we utilise employ, operate and develop the gifts and talents of our existing staff and make the effective and effectual use of their contributions as we assist our communities where God has intentionally and intellectually planted us to serve Him and his people. In future we realistically and wisely are cutting on maintenance of buildings and increasing energies and endeavours to be a more visible and vibrant church and to be good and accountable stewards towards all circuit moneys and belongings. ## **Reference and administrative information** |**Charity number :**|1135516| |---|---| |**Trustees**|A list of trustees is attached to the accounts –| ||page 13| |**Contact address**|Wrekenton Methodist Community Church| ||2 Springwell Avenue| ||Wrekenton Gateshead| ||Tyne & Wear| ||NE9 7JL| |---|---| |**Independent**|R Davison| |**Examiner**|TC Group| ||A6 Kingfisher House| ||Kingsway, Team Valley Trading Estate| ||NE11 OJQ| |**Bankers**|NatWest| ||Northumberland Street| ||Newcastle upon Tyne| **4** ## **BEDE METHODIST CIRCUIT** ## **Report of the trustees for the year ended 31 August 2022** ## **Governing Document** The governing document for the circuit is the Deed of Union (1932) and the Methodist Church Act (1976). Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual Methodist Conference. Managing trusteeship and overall governance responsibility rests with the Circuit Meeting which meets at least twice a year. Day to day management of the circuit is undertaken by the Superintendent Minister Circuit Stewards and Circuit Leadership Team in partnership with other officers and committees as appropriate. ## **Risk Management** The trustees and management have carried out an assessment of the major risks facing the circuit. ## **Safeguarding** Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodist Connexional practice outlines commitment to the following principles – the care and nurture of and respectful pastoral ministry with all children young people and adults the safeguarding and protection of all children young people and adults when they are vulnerable the establishing of safe caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse we will carefully select and train all those with any responsibility within the church in line with safer recruitment principles including the use of criminal records disclosure 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 **BEDE METHODIST CIRCUIT** **5** ## **Report of the trustees for the year ended 31 August 2022** ## **Safeguarding continued** 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 any child young person or vulnerable adult In all these principles we will follow legislation guidance and good practice. The Bede 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 Bede 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 maybe vulnerable. ## **Trustees’ responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of its income and expenditure for that period. In preparing the financial statements, the trustees doing so the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement; Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Circuit Meeting Rev J Carter - Trustee Date : **6** ## **BEDE METHODIST CIRCUIT** ## **Report of the Independent Examiner to the trustees of Bede Methodist Circuit** I report on the financial statements of Bede Methodist Circuit for the year ended 31 August 2021 which are set out on pages 7 to 12. ## **Respective responsibility of trustees and independent examiner** The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011(the Charities Act) does not apply. It is my responsibility to - Examine the accounts under section 145 of the Charities Act - To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act) and To state whether particular matters come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the 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** In connection with my examination, no matter has come to my attention : - (1) which gives me reasonable cause to believe that in any material respect the requirements - . to keep accounting records in accordance with section 130 of the Charities Act; and - . to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Charities Act, have not been met ;or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. ## **TC Murray & Lamb** A6 Kingfisher House Team Valley Gateshead Tyne & Wear NE11 0JQ **BEDE METHODIST CIRCUIT 7** ## **Statement of Financial Activities** ## **Year ended 31 August 2022** |**Notes**
**Income**
Assessments
TMCP and purposes
Interest
Dividends
Rental income
Shop grants
Sale of property
Other income and donations
Job Retention Scheme
Donations
**Total income**
**Expenditure**
Charitable activities
Support costs
**Total expenditure**
**2**
**(Outgoing)/incoming**
**resources**
Deficit on value of investments
Transfer
**Total funds bought forward**
**Total funds carried forward**|**Unrestricted Restricted**
**2022**
_2021_
**£**
**£**
**£**
_£_
**320,245**
**-**
**320,245**
_298,194_
**20,500**
**-**
**20,500**
_20,500_
**-**
**712**
**712**
_460_
**-**
**28**
**28**
_20_
**10,457**
**-**
**10,457**
_15,916_
**-**
**-**
**-**
_41,124_
**-**
**190,592**
**190,592**
_352,057_
**3,166**
**-**
**3,166**
_5,230_
**372**
**-**
**372**
_15,847_
**2,000**
**-**
**2,000**| |---|---| ||**356,740**
**191,332**
**548,072**
_749,348_| ||**399,834**
**5,960**
**405,794**
_542,176_
**13,469**
**482**
**13,951**
_5,245_| ||**413,303**
**6,442**
**419,745**
_547,421_| ||**(56,563)**
**184,890**
**128,327**
_201,927_
**-**
**(92)**
**(92)**
_235_| ||**(56,563)**
**184,798**
**128,235**
_202,162_
**98,143**
**(98,143)**
**-**
_-_| ||**41,580**
**86,655**
**128,235**
_202,162_
**89,852**
**505,203**
**595,055**
_392,893 _| ||**131,432**
**591,858**
**723,290**
_595,055_| **BEDE METHODIST CIRCUIT** ## **Balance Sheet as at 31 August 2022** |**Notes**
**Fixed assets**
Property
**3**
Investments
**4**
**Current assets**
Debtors
**5**
Cash on deposit
Cash at bank
**Creditors :**amounts
falling due in one year
**6**
**Net assets**
**Funds**
**7**|**£**
**24,630**
**85,684**
**92,546**|**2022**
**£**
**323,529**
**259,514**|_£_
_10,477_
_64,226_
_93,963_|_2021_
_£_
_323,529_
_170,707_| |---|---|---|---|---| |||**583,043**
**140,247**||_494,236_
_100,819_| ||**202,860**
**62,613**||_168,666_
_67,847_|| |||||| |||**723,290**||_595,055_| |||**723,290**||_595,055_| Approved by the Circuit Meeting on and signed on their behalf by Rev J Carter **BEDE METHODIST CIRCUIT** **9** ## **Notes forming part of the financial statements for the year ended 31 August 2022** ## **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. 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. Investment income Investment income is accounted for in the period in which the circuit is entitled to the receipt. Resources expended Expenditure is included on an accruals basis. Fund accounting Funds held by the charity are either Unrestricted general reserves - These are funds which can be used in accordance with charitable objects at the discretion of the trustees. Restricted funds - These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when funds are raised for particular purposes. Benevolence funds are statutory funds set aside in accordance with Methodist standing orders. Designated funds - These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. **BEDE METHODIST CIRCUIT** **10** ## **Notes forming part of the financial statements for the year ended 31 August 2022** ## **2 Total resources expended** |**CHARITABLE**
**ACTIVITIES**
District assessment
District levy
Minister allowances
Lay workers
Pension costs
Travel
Telephone and postage
Training and books
Quinnquennials
Repairs
Insurance rent and utilities
Council tax
Shop
Sundry
**SUPPORT COSTS**
Management charges
Legal fees
Administration fees
Accountancy|**Unrestricted**
**Restricted**
**2022**
_2021_
**£**
**£**
**£**
_£_
**72,028**
**-**
**72,028**
_84,973_
**-**
**5,960**
**5,960**
_120,998_
**158,736**
**-**
**158,736**
_176,547_
**71,010**
**-**
**71,010**
_79,256_
**4,691**
**-**
**4,691**
_5,087_
**9,988**
**-**
**9,988**
_3,868_
**6,314**
**-**
**6,314**
_9,244_
**4,013**
**-**
**4,013**
_1,820_
**3,600**
**-**
**3,600**
_-_
**14,180**
**-**
**14,180**
_6,321_
**12,638**
**-**
**12,638**
_10,018_
**11,279**
**-**
**11,279**
_8,035_
**29,996**
**-**
**29,996**
_35,739_
**1,361**
**-**
**1,361**
_270_
**-**
**482**
**482**
_12_
**7,689**
**-**
**7,689**
_745_
**4,940**
**-**
**4,940**
_3,648_
**840**
**-**
**840**
_840_| |---|---| ||**413,303**
**6,442**
**419,745**
_547,421_| **3 Property** Manse **£ 323,529** **BEDE METHODIST CIRCUIT** **11** ## **Notes forming part of the financial statements for the year ended 31 August 2022** |**4**
**Investments**
**Trustees for Methodist Church Purposes**
CFB Managed Mixed Fund
Elizabeth Griggs Bequest
Interest Fund
**5**
**Debtors**
Assessments
Loan
Prepayments|**2022**
_2021_
**£**
_£_
**1,418**
_1,513_
**1,505**
_1,502_
**256,591**
_167,692 _| |---|---| ||**259,514**
_170,707_| ||**2022**
_2021_
**£**
_£_
**21,630**
_7,477_
**3,000**
_3,000_
_-_| ||**24,630**
_10,477_| **6 Creditors : amounts falling due within one year** |Assessment received in advance
Emergency fund
Accruals|**2022**
_2021_
**£**
_£_
**58,708**
_64,062_
**3,065**
_2,945_
**840**
_840_| |---|---| ||**62,613**
_67,847_| **BEDE METHODIST CIRCUIT 12** ## **Notes forming part of the financial statements for the year ended 31 August 2022** ## **7 Funds** |**Unrestricted**
General
Shop

**Restricted**
Advance fund
Benevolent
Mission
**Total unrestricted**
**Total funds**|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfer**
**Closing**
**Balance**
**£**
**£**
**£**
**£**
**£**
**24,176**
**317,245**
**(383,307)**
**98,143**
**56,257**
**65,676**
**39,495**
**(29,996)**
**-**
**75,175**| |---|---| ||**89,852**
**356,740**
**(413,303) 98,143**
**131,432**| ||**493,454**
**191,268**
**(6,534)**
**(98,143)**
**580,045**
**5,900**
**32**
**-**
**5,932**
**5,849**
**32**
**-**
**-**
**5,881**| ||**505,203**
**191,332**
**(6,534)**
**(98,143)**
**591,858**| ||**595,055**
**548,072**
**(419,837)**
**-**
**723,290**| Advance fund income includes the surplus on the value of investments. ## **8 Analysis of net assets between funds** |Property
Investments
Debtors and prepayments
Cash at bank and in hand
Creditors
Net assets|**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
**323,529**
**323,529**
**259,514**
**259,514**
**24,630**
**-**
**24,630**
**169,415**
**8,815**
**178,230**
**(62,613)**
**-**
**(62,613)**| |---|---| ||**131,432**
**591,858**
**723,290**| **BEDE METHODIST CIRCUIT** **13** ## **TRUSTEES** Rev Jane Carter (Superintendent) Rev Matt Sheard Rev Huw Sperring Rev Deborah Wainwright Rev Cynthia Hardiman Rev Judith Oldroyd Rev Paul Worsnop Mrs L Hartridge Dr A Lishman Mrs C Worth Mrs I Milburn Mrs A Redhead Mrs B Rowell Mrs L Gaddes Mr I Smith Mrs J Latimer Mrs E Lawrence Mrs V Codling Mrs B Wallace Mrs S Black Mrs S Dixon Mr D Milne Mrs J Burns Mrs D Snowball Mrs E Cable Mr D Haygarth Mrs J Peacock Mr S Phipps Mrs J Edwards Mrs A Bell Mrs E Bell Mrs B Wallace Miss C Thompson Mrs S Norman Mrs B Donaldson Mrs M Gibson Mrs P Dixon Mr K Reader Mr D Parker Mr W Lee Mrs T Wood Mr M Glass Mrs J Bissett Miss H Newman Dr L Wales Mrs I Morgan Mr A Pitchers Mr Mla Nkomo Mrs M Burgess Miss E Burgess Mrs J Lloyd Mr D Patrick Mr M Glass Mrs M Hornby Mrs P Robinson Mrs L Harland Mr A Bell Mr P Beal Mrs M Cartwright Mr I Edwards Mrs S Booth Mrs E Addison Mrs B Coates Miss K Cresswell Mr R Simpson Mrs F Hurst Mrs C Robinson Mr R Tilley Mrs S Cassidy