CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Lowestoft and East Suffolk Methodist Circuit FOR THE YEAR ENDED 31 August 2024 East Anglia Dlstrlct Circuit no 14107 Registered Charfty- Charlty Reglstratlon number 1135624 If not a registered charity His Majesty's Revenue and Customs Glft Aid number (The HMRC number is equivalenl to a r8gister8d charity number in terms of eviden of charitable status and may be US8d to give to donors or grant funders wshing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from regislration under Statutory Instrument 2014 No.242) Ministers., Rev Martin Keenan Deacon Linda Kinchenton Circult Stewards: Rev Robert Soanes Treasurer: Rev Robert Soanes cirvuit-r_and_*2024
Lowestoft and East suffolk Methodlst ACCOUNTS FOR THE YEAR ENDED 31 August 2024 Clrcult Un- Clrcult rèstrloted Modol Trust Restrlcted Funds Fund Funds Totals this year Totals last year SECTION A a1 RECEIPTS Note a2 Assessmenushara 120,202 120,202 116,926 442,723 a3 a4 ital receipls ank and CFB interest and InVestMt incorne 2,088 24.158 7.031 33,277 15,123 Grants Other recei 11.948 144 a7 TOTAL RECEIPTS 134,237 24,303 165,571 594,133 SECTION B b1 b2 PAYMENTS stIp8nds, salaries, NIC. Panslon and trave5 costs 89,951 89,951 9,937 3,610 27,338 86.850 6,044 3,170 b3 Manse Costs 9.937 3,610 27.338 19,187 b4 Administration 8tc b5 District Assessment b6 b7 Grants & donatlons 19,187 2,079 b8 Other payments TOTAL PAYMENTS 28,244 371 163 868 b9 175,560 371 204,174 b9 291,407 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR ¢1 a7-b9 41,322 6,660 38,604 302,726 Total funds brought forward from last year 90,657 475,192 130,112 695.961 Sub total c1+c2 49,335 471,251 136,TT2 657 357 695,813 Transfer5 and ad ustrnents 19,e91 18,823 868 c7 148 TOTAL FUNDS AT END OF YEAR c3+c4 69,026 452 428 135 904 657,357 c8 695,961 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS these amounts should not be Included In total racel tslpayments above) Balance brou ht forward from last d1 d2 OffRrin sIGifts - recaivad for externd organisations OfferingslGifts - passed to extemal o anisations BALANCE STILL TO BE PAID d1+d2-d3 150 d3 150 d4 clrcult-r and_p2024 1 of1
owestoft and East Suffolk Methodi$ CirGuIt SUM COUNTS AL ORGANISATION REPORTING TO THE CIRcurr MEETI SECTION E Please follow the ès Summary of the Clroult accounts for tho ar ended 31 August 2024 and Internal OrganisatiQns repoTting lo the Circult Meellng. Nots Ihallhe fvnds ol an Internd (IEanlsadon would normally bé R8stricted fund5 unless il could bo clearly shown that could bo u88d forany Methodlst purpos8. This section rnust b8 cornpl8ted to arrive at the gross reCp1S and payments totals Of the Clrcull, IF gross Incomè èxcéèds th8 AcCal6 Ihre5hold of £250,000, then thè £u818 tnethod ol accountlng AND A DIFFERENT FORM must be us8d lo raport tho accounts1588 m9thodislwgb5iiel. Please rtslor lo the guldanco n)tas oJarding transfers b&bNe6n thè Circuit and conllected Circuit Organisalions. INTERNAL ORGANISATIONS Net Rgcelpt81 Pa enls Openlng balance3 Rec ents Ad ustrnents CIc5i balances Soulhwdd Fc¢dbank Q,802 6.802 ¢2 Sub total of llltemal QrganlsJQnS tunds 10,57S 3,773 6,802 6,802 el ClrcuK accounts (totals brought fonMar<J frot pago 2- totals ctslumnl 165 571 204174 bg c7 TOTAL CASH FUNDS HELD BYCIRCUET ¢LO 31.801 695 961 Continu& M a saparaiè sh88t rf necessary and brfnq the totals fophwd TOTAL RECEIPT8 TOTAL PAYMENTS SECTION F SETS AND LIAEIUTIES OPENING BALANCES CLOSING BALANCES CIRCUIT- CASH FUNDS HELP at 31 Au ust 2014 Ca8h In har ank Currenl Aecounl 30,098 Bank Accoullt ¢traI Rn8nc£ Board 60.559 Trustees for MÈthodist Chu Pu 475 193 452,429 Otrer fund$ 130112 SUB TOTAL 895.962 ¢8 637,359 Total funds hdd by Inl8rnal OoBnisations Ilh8 ckngln b&lance totals abo 912 011 802 01 TOTAL CASH FUNDS HELD BY CIRCUIT 69S,962 SECTION G At OThER ASSET$ and LIABILITIES 1 Sa lemb8r2023 314u ust 2024 Invèstments In¢lude Endowmwts Land end Èulldln seé notes re In8uranc& vu8 2 066 010 2 130 801 0th8rA88et8 Lc*n . shN ameunt outstandln at rd 3,292 OtherLlablllts f4 Includo Mly FurKl$ held ai tha Central Flnance Board f5 Include crly CFB Funds hekl at TrustsÈs for MethLwJl8t Church Purposes g1 Include any other Inve8tments Ind tha cash 8karn8nt ofTMCP tsust awwnts thi$18 InBerted In Ilng f51 Il-r P4024
Name of Circuit -Lowestoft and East Suffolk No 14107 Declarations and Scrutiny I confirm that those ReIpt and Payment based accounts for the year to 31 August 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meetinq. Signature of treasurer Date. fv.f..- 10 . TP Name and address of treasurer Rev Robert Soanes 7 Dene Road, Lowestoft, NR32 4QE Presentation to the Circuit meeting I confirm that the annual report and accounts for the year ended 31 August 2024 were/will be. th presented to the Circuit meeting held on September 30 2024 and March 27 2025 h(AlS pAi ÈL 2fyzS Signature of the Chair of the meeting Name of the Chair of the meeting -yurt) Date . l(J/tylzS Independent Examinerfs Report to the Trustees of the Lowestoft and East Suffolk Methodist Circuit Charity Number 1135624 Responsibilltles and basls of report I report to the twstees on my examination of the accounts of the Lowestoft and East Suffolk Meth Circuit for the year ended 31 August 2024 set out on pages 1 to 3. As the Circuivs trustees, you are responsible for the preparation of the aGcounts 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. delete or circle as appropriate arcuil-r and_p-2024 1 of 1
Name of Circuit Lowestoft and East Suffolk No 14107 Independent Examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination ) 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, 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 Wslhave 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 which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Relevant professional qualification of Independent examiner ftA Name of firm (where appropriate) tsA(2NAftI QAMPSOAI LL P Sfy ..QUwI.4......V..kI ..AKLJW415 ..p./4 Address Post Code NKryI q(4) Date delete or circle as appropriate circult-r andJ-2024 1 of 1
TRUSTEES ANNUAL REPORT FROM I SEPTEMBER 2023 TO 31 AUGUST 2024 ADMINIS'fRATIVE INF'ORMATION CHARFfY NAME: LOWESTOFT AND EAST SUFFOLK METHODIST CIRCUIT REGISTERED CHARITY NUMBER: 1135624 PRINCIPAL ADDRESS: 8 CORTON ROAD, LOWESTOFT, SUFFOLK, NR32 4PL TRUSTEES.. THE NAMES OF THE MANAGING TRUSTEES ARE LISTED ON THE CHARITY COMMISSION WEBSITE OR ARE AVAILABLE FROM THE CIRCUIT TREASURER AIMS AND ORGANISATION THE NtAIN AIMS OF THE CIRCUIT POLICY ARE: I. TO COMMISSION AND CHALLENGE OUR CHURCHES TO GROW IN FAITH AND UNDERSTANDING OF GOD AND HIS PURPOSE AND TO MAKE NEW DISCIPLES OF CHRIST. 2. TO EXCEL IN LOCALAND GLOBAL ENGAGEMENf, AWARENESS AND OUTREACH, AND TO SEE GRowfH ROOTED IN LOCAL CONGREGATIONS. 3. TO CELEBRATE AND DEVELOP ECUMENICAL RELATIONSHIPS. 4, TO ENABLE EVERYONE, STAFF AND MEMBERS ALll(E, TO REALISE, USE AND STRETCH THEIR GOD-GIVEN GRACES AND SKILLS. AND tN PARTICULAR TO DEVELOP A TEAM APPROACH THAT LL LIBERATE THE MINISTRY TO EXERCISE THEIR GIFTS ACROSS THE CIRCUIT, EVEN THOUGH THÈY WILL RETAll PARTICULAR RESPONSJ.BILITIES FOR SPECIFIC CHURCHES. 5. TO DRAW OUR CHURCHES CLOSER TOGETHER AS A CIRCUIT FAMILY, SO THAT WE CAN GIVE TRIJE SUPPORT AND ENCOURAGEMENT TO EACH OTHER. 6. THE CIRCUIT LEADERSHIP TEAM, MEETING REGULARLY EXISTS TO ADVISE THE CIRCUIT MEETING ON MATTERS OF POLICY AND DEVELOPMENT, AND TO SEE THAT THE DECISJ.ONS OF THE CIRCUIT MEETINGARE IMPLEMENTED. THE CtRcurr HAS EIGHT CHURCHES, AND ONE ADDITIONAL CHURCH PREMISES AND WAS SERVED BY ONE FULL-TIME MINISTER AND ONE FULL-TIME DEACON, WORKING ON A SHARED MINISTRY BASIS SUPPLEMENTED BY ACTIVE SUPERNUMERARY MINISTERS AND LAY PREACHERS. THE CIRCUIT ALSO EMPLOYS A LAY WORKERADMINISTRATOR. THE CIRcurr PRODUCES A QUARTERLY PREACHING PLAN TO ENSURE REGULAR ACTS OF WORSHIP TAKE PLACE AT EACH OF THE METHODIST/LEP CHURCHES. THEY ARE OPEN TO ALL PEOPLE WITHOUT CHARGE. REVIEW OF PROGRESS AND ACHIEVEMENTS DISCUSSIONS HAVE CONTINUED ACROSS THE CIRCUIT TO ENSUR.E THAT ALL CHURCHES ARE NOT UNNECESSARtLY BURDENED FINANCIALLY WHILE THE CIRCU CONTINUES TO WORK TOWARDS ESTABLISHING A BALANCED BUDGET. THE SUPERNfENDENT MINISTER CONTINUES TO EXPLORE FURTHER MISSION POSSIBILITIES AT THE ADDITIONAL PREMISES, WORKING TOWARDS ESTABLISHING COMMUNITY ENGAGEMENT. CHURCH FIFtANCES STILL HAVE NOT RECOVERED POST-COVID, SO EFFORTS HAVE BEEN NtADE TO PROMOTE MISSION OPPORTUNITIES ACROSS THE CIRCUIT, SUPPORTED BY FUNDS FROM THE PROCEEDS OF THE SALE OF PROPERTIES IN RECENTYEARS, 500/0 OF WHICH HAVE BEEN ALLOCATED FOR THIS PURPOSE. HOWEVEII WITH AGEING CONGREGATIONS THIS IS A CHALLENGE. THE CIRCUIT HAS ALSO CONSIDERED FUTURE STAFFING WITH THE UNEXPEC,TED RETIREMENT OF THE FULL TIME DEACON. 1411012024.