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The Methodist Church
Northampton Circuit 23/13
ANNUAL REPORT AND ACCOUNTS
"The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission"
2022 - 2023
Registered Charity No 1135635
Introduction
This is the Forteenth annual report produced by the Northampton Methodist Circuit since its registration as a separate charity and aims to share a review of the activities of the Circuit during 2022 – 23 while also meeting all the legal requirements.
The Vision Statement
The Northampton Methodist Circuit currently consists of 13 Christian Communities, seeking to be a discipleship movement shaped for mission. We see mission as who we are. It is the sharing of the good news of God's love incarnate, through Jesus Christ, in the witness of the community to the world.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 1
Superintendent's letter of Greeting
As the Superintendent Minister it gives me great pleasure to present the annual report and accounts for the Northampton Methodist Circuit.
The circuit formally consists of two church bodies:
1) Northampton Methodist Church, a multi-site church that consists of ten worshipping communities worshipping around Northampton and the surrounding villages.
2) The Emmanuel Group of Churches, a Local Ecumenical Partnership (Anglican/Methodist/Baptist) that meets at Weston Favell Shopping Centre with other congregations at Boothville and Rectory Farm.
This year we have continued our Mission and Property review that forms part of the reimagining of the Northampton Methodist Circuit. Recommendations on the way forward will be published in the next connexional year, with a clear pathway and strategic plan that we hope will encourage missional flourishing and help enable church growth.
There is widespread recognition that change is needed across the circuit to ensure the effective and sustainable stewardship of our resources in the long term as well as ensuring a flourishing missional church that seeks to make more disciples of Jesus. These will continue to be priorities for the circuit as we move forward into the next connexional year,
We therefore commit ourselves, as a Circuit, to continue to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission in Northamptonshire.
Yours faithfully, Revd David Speirs
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 2
Operational review - A review of our published Mission Statement
Mission is our key purpose. It is the sharing of the good news of God's love incarnate, through Jesus Christ, in our witness to the community and the wider world.
As a circuit we are committed to Worship, Service, Evangelism, and Learning & caring. The highlighted statements are our overarching intent and the notes below show our activity
WORSHIP, which seeks to increase awareness of God's presence and celebrates God's love seeking to underpin everything we do in God-centred prayer
Regular worship continued to be resourced and offered at all our worshipping communities with the continued provision of circuit wide services once per quarter. Throughout the year we continued to offer weekly online worship through the Circuit website. We are also examining how to develop our provision of contemporary worship opportunities. We have supported chaplaincy provision at the University of Northampton.
SERVICE seeking to be a good neighbour to people in need and challenge injustice.,
The year has seen the emergence of several targeted activities offering help and support into our local community specifically support of the various foodbanks and commencement of conversations with the Northampton Hope Centre. We have also tried a warm spaces initiative as well as a Soup run and community litter pick.
EVANGELISM, which is a call to all people to Christian discipleship, growing in the Christian faith alongside others seeking the same, to talk about God and to serve God in the world
The One Voice Podcast has continued to be produced each month and has remained a valuable means of sharing the Christian message. We are due to commence a new partnership with the district in relation to the podcast in the next connexional year.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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LEARNING and CARING, which is equipping and resourcing people for mission and Christian relationships.
The circuit planned bible study groups have continued and attendance has further grown. There has also been developments in provision of carers and toddlers groups along with the restart of various mid-week groups targeted at those over retirement age.
The year started with the formal launch of Northampton Methodist Church (NMC) as a multi-site church with a single trustee body and the Circuit team has worked with the emerging leadership group to both support its effective formation and develop its future vision for mission across Northampton.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 4
Review of and financial position of the Circuit
The following summary reflects the financial activities of the Circuit for the year, with the previous 3 years provided for comparison: -
| 2019/20 | 2020/21 | 2021/22 | 2022/23 | |
|---|---|---|---|---|
| £'000 | £'000 | £'000 | £'000 | |
| Income | ||||
| Assessment contributions from circuit churches | 242.9 | 218.3 | 230.3 | 225.1 |
| Other income | 1.8 | 18.3 | 5.6 | 3.8 |
| Interest | 0.4 | 0.1 | 1.1 | 6.4 |
| Rental income | 15.2 | 11.2 | 15.8 | 1.2 |
| Total income | 260.3 | 247.9 | 252.8 | 236.5 |
| Expenditure | ||||
| Ministerial Stipends | 155.4 | 141.7 | 116.1 | 123.0 |
| LayWorkers | 17.0 | 17.0 | 19.4 | 24.5 |
| Manse maintenance | 25.1 | 26.3 | 11.1 | 21.0 |
| Manse utilitycosts | 23.0 | 19.5 | 19.7 | 18.3 |
| Methodist Church Fund | 46.2 | 42.6 | 33.5 | 24.6 |
| District Assessment | 10.6 | 10.0 | 6.6 | 5.6 |
| Grants | 0.0 | 0.0 | 5.5 | 2.0 |
| Levy | 0.0 | 118.7 | 8.9 | 6.5 |
| Wootton runningcosts | 6.8 | 12.0 | 5.8 | 0.0 |
| Depreciation | 0.3 | 0.3 | 0.3 | 0.3 |
| Other Expenses | 11.5 | 17.1 | 24.7 | 39.2 |
| Total expenditure | 295.9 | 405.2 | 251.6 | 265.0 |
| Net incoming/ (outgoing)resources | (35.6) | (157.3) | 1.2 | (28.5) |
| Increase/ (Reduction)in manse valuation | 0.0 | 0.0 | 0.0 | 217.6 |
| Transfer of Wootton to NMC | -209.9 | |||
| Gain/ (Loss)on Investments | 0.0 | 0.0 | 0.0 | 0.0 |
| Increase/ (Decrease)in value of funds | (35.6) | (157.3) | 1.2 | (20.8) |
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Income trends
Circuit income is primarily drawn from the assessment paid by the circuit churches. The 2022-23 contributions requested remained similar to those from the previous year.
The rental income reflects receipt of only one month’s income for the empty manse and the income related to usage of Wootton was transferred to NMC. Other income during 2022-23 relates to grant income received from the District towards the production cost of the monthly One Voice podcast and the Circuit Administrators activity as District GDPR advisor.
Expenditure trends
Ministerial stipends have increased each financial year in line with conference approved increases, the reduction in 2021/22 reflects the reduction of one in the full time ministerial team.
Fund balances
As at 31 August 2023 the net current assets of the Circuit was £147k, of this £142k was being held in the Circuit Model Trust Fund. A significant proportion of the reduction from £230K reflecting the investment in refurbishment of the circuit manses.
Plans for 2023/24
Circuit financial plans for the coming year have been prepared on the basis that there are only three full time ordained staff along with usage of our local supernumerary team to provide both preaching and pastoral care support. It is anticipated that the current unoccupied manse will be sold during the financial year.
The work of re-imagining the Circuit will continue such that further clarity on the circuits longer term physical and financial structure is determined.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Trustee's Annual Report on Finance and Governance
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 FRS102.
The Charity's report and accounts include all the separately established funds for which the Circuit has primary responsibility.
Full Name of Charity: Northampton Methodist Circuit Registration Charity Number: 1135635 Date of registration 22 April 2010 The circuit office is located at: Wootton Trinity Christian Centre High Street Wootton Northampton NN4 6LW
The members of the Northampton Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.
Full membership is shown as Appendix A to this report.
Circuit Ministers and officers
Active Circuit Ministers Rev David Spiers, Rev Francis M Itiiri, ( Until August 2023) Rev Ian Forsyth (from September 2022) Circuit Stewards Dr Hellen Okello Mrs E Hale Miss P Kirkland Mr P Leeson
Circuit Treasurer Mr Keith Brooks, Administrator : Miss Sarah Eason
Mr K Brooks acted as the principal officer overseeing the day to day financial management and accounting for the Circuit during the year.
Independent examiner Miss C Haynes (ACA) 4 Delamere Road Northampton Investment Banker Central Finance Board of the Methodist Church
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Charity objective is to act as a Resource provider within the area around Northampton for the Methodist Church :
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.
The organisation and resourcing of regular public acts of worship open to members of the Church and non members alike.
The teaching of Christianity through sermons, courses and small groups. The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to the local university and other institutions.
Public Benefitt
We confirm the trustees have had regard to the Charity Commission's guidance on public benefit.
Structure, Governance and Management
The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
Day to day management of the Circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy Committee.
Trustee Training
A range of guidance produced by Methodist Connexion to support the effective running of the Circuit, specifically the leaflet 'The Role of a Trustee in The Methodist Church' is given to all new Circuit meeting members as induction to their role as trustees.
Related Parties
The Circuit is part of the Northampton District and is also accountable to the Methodist Conference.
The Circuit is a member of Shared Churches Northampton Ltd in relation to support of the Emmanuel Group of Churches.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Risk Management
The major risks have been identified and recorded by the Circuit Finance and Property Committee with professional advice taken as required.
There is a regular annual review process undertaken and recorded.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis 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
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the safeguarding and protection of all children, young people and adults when they are vulnerable
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the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse.
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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.
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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.
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We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
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We will seek to challenge any abuse of power, especially by anyone in a position of trust.
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• 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.
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In all these principles we will follow legislation, guidance and recognised good practice
The Northampton 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 Northampton 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.
Reserves Policy
The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 4 months' average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 9
manses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Annual Financial Statements
Basis of preparation
As treasurer I confirm that I have prepared the accounts for the year ended 31 August 2023 from the records of the Circuit and that they include all funds under the control of the Circuit Meeting
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Signature of W K Brooks Date 25 January
Treasurer 2024
Name W K Brooks ACMA
Address 2a Stanfield Road
Duston
Northampton
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Presentation to the Circuit Meeting for approval.
I confirm that the Accounts have been presented to the Circuit Meeting on 25 January 2024 and were approved.
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Signature of the Chair of the meeting Rev David Speirs 25 January 2024
Name of the Chair of Rev David Speirs
the meeting
Date 25 January 2024
_______________
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Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 11
Statement of Financial Activities for the year ended 31 August 2023
| Unrestricted funds |
Model Trust Fund |
Designated Funds |
Restricted Funds |
Total 2022- 23 |
||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Income and Endowments from: | ||||||
| Donations,legacies &grants | 3,587 | 3,587 | ||||
| Church assessments | 225,075 | 225,075 | ||||
| Lettings | 1,185 | 1,185 | ||||
| - Miscellaneous | - | |||||
| Investments | 1,294 | 5,156 | 11 | 6,461 | ||
| Other | 40 | 200 | 240 | |||
| Total | 231,181 | 5,156 | 200 | 11 | 236,548 | |
| Expenditure on: | ||||||
| Stipends,salaries,NIC & Pension costs | 6 | 147,623 | 147,623 | |||
| District Assessment | 5,650 | 5,650 | ||||
| Methodist Church Fund | 24,571 | 24,571 | ||||
| Telephone & travel | 7,386 | 7,386 | ||||
| Insurance,utilities,etc | 18,330 | 18,330 | ||||
| Maintenance on manses | 21,021 | 21,021 | ||||
| Expenditure on other Circuitproperty | 13,680 | 13,680 | ||||
| Depreciation | 9 | 250 | 250 | |||
| Other Expenditure | 17,601 | 512 | 18,113 | |||
| Grants and Donations | 1,251 | 718 | 1,969 | |||
| Contributions to District Advance Fund | 6,486 | 6,486 | ||||
| Total | 257,363 | 6,998 | 718 | 0 | 265,079 | |
| Net income/(expenditure) | (26,182) | (1,842) | (518) | 11 | (28,531) | |
| Transfer of Wootton to NMC | (209,901) | (209,901) | ||||
| Transfers between funds | 35,000 | (35,000) | 0 | |||
| 8,818 | (36,842) | (210,419) | 11 | (238,432) | ||
| Gains/(Losses) on revaluation of fixed assets |
217,621 | 217,621 | ||||
| Gains/(Losses)on investment assets | 0 | |||||
| Net investment in funds | 226,439 | (36,842) | (210,419) | 11 | (20,811) | |
| Total funds brought forward | 1,427,398 | 179,717 | 210,419 | 1,165 | 1,818,699 | |
| Total funds carried forward | 1,653,837 | 142,875 | 0 | 1,176 | 1,797,888 |
Comparative Statement of Financial Activities for previous year ended 31 August 2022
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 13
Balance Sheet as at 31 August 2023
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Unrestricted Circuit Model Designated Restricted Totals this
Trust Fund Funds Funds year
£ £ £ £ £
Tangible Fixed Assets
Land & Buildings 1,668,429 1,668,429
Equipment 2,018 2,018
Investment properties
Investments
Total fixed assets 1,670,447 1,670,447
Current Assets
Debtors and Prepayments 10,176 10,176
Other
Trustees for Methodist Church
Purposes deposits 142,875 142,875
Central Finance Board Deposits 22,692 22,692
Cash at Bank and in hand 17,960 1,176 19,136
Total current assets 50,828 142,875 1,176 194,879
Creditors and Accruals (due in under
1 yr) 47,438 47,438
Net current assets (liabilities) 3,390 142,875 1,176 147,441
Total assets less current liabilities 1,673,837 142,875 1,176 1,817,888
Loans and creditors due after 1 year 20,000 20,000
Provisions for liabilities and charges
Net assets 1,653,837 142,875 1,176 1,797,888
Funds of the Circuit
Unrestricted funds (14,592) -14,592
Property reserve 1,668,429 1,668,429
Circuit Model Trust Fund
(Unrestricted) 142,875 142,875
Designated funds 12
Restricted funds 12 1,176 1,176
Total Funds 1,653,837 142,875 1,176 1,797,888
Notes
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Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 14
Comparative Balance Sheet for 31 August 2022
| Notes | Unrestricted £ |
Circuit Model Trust Fund £ |
Designated Funds £ |
Restricted Funds £ |
Totals this year £ |
|
|---|---|---|---|---|---|---|
| Tangible Fixed Assets | ||||||
| Land & Buildings | 1,405,808 | 200,000 | 1,605,808 | |||
| Equipment | 2,268 | 2,268 | ||||
| Investmentproperties | ||||||
| Investments | ||||||
| Totalfixed assets | 1,408,076 | 200,000 | 1,608,076 | |||
| Current Assets | ||||||
| Debtors and Prepayments | 9,548 | 9,548 | ||||
| Other | ||||||
| Trustees for Methodist Church Purposes deposits |
179,717 | 179,717 | ||||
| Central Finance Board Deposits | 63,838 | 21 | 63,859 | |||
| Cash at Bank and in hand | 24,691 | 10,398 | 1,164 | 36,253 | ||
| Total current assets | 98,077 | 179,717 | 10,419 | 1,164 | 289,377 | |
| Creditors and Accruals (due in under 1yr) |
58,754 | 58,754 | ||||
| Net current assets(liabilities) | 39,323 | 179,717 | 10,419 | 1,164 | 230,623 | |
| Total assets less current liabilities | 1,447,399 | 179,717 | 210,419 | 1,164 | 1,838,699 | |
| Loans and creditors due after 1year | 20,000 | 20,000 | ||||
| Provisions for liabilities and charges | ||||||
| Net assets | 1,427,399 | 179,717 | 210,419 | 1,164 | 1,818,699 | |
| Funds of the Circuit | ||||||
| Unrestricted funds | 21,591 | 21,591 | ||||
| Propertyreserve | 1,405,808 | 200,000 | 1,605,808 | |||
| Circuit Model Trust Fund (Unrestricted) |
179,717 | 179,717 | ||||
| Designated funds | 12 | 10,419 | 10,419 | |||
| Restricted funds | 12 | 1,164 | 1,164 | |||
| Total Funds | 1,427,399 | 179,717 | 210,419 | 1,164 | 1,818,699 | |
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 15
Notes to the Accounts
1 Basis of accounting
The financial statements have been prepared under the Charities Act 2011 in accordance with the 2015 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102 – the Charities SORP (FRS102) and taking note of the Update Bulletin 2 issued in 2018.
2 Funds
The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose . There are no Endowment funds. Details of each material fund are disclosed in the final note to these accounts. 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 and land and buildings at deemed current value. Accruals accounting principles have been adopted as far as practical to show a true and fair view of the Circuit's financial position and activities.
Incoming Resources
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.
VAT
Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
Tangible fixed assets for use by the Circuit
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. The freehold property is shown in the accounts at estimated 2023 values, of which the land component is deemed to be £200,000. No depreciation is provided on the buildings because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the yearend) to be not less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.
Investment Properties
Investment properties – In the 2023 accounts 75 Kentstone Close is deemed to not be required for the long term purposes of the charity and was reclassified as an investment property.
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
The prepayment included in the accounts is in respect of ministerial stipends paid in August due on 1[st] September..
Creditors
Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.
4 Payment to Trustees
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 16
There were no payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting, this excludes stipends.
| Trustee expenses Number of Trustees Total amount |
2022/23 8 £7,667 |
2021/22 |
|---|---|---|
| 8 | 8 | |
| £7,667 | £7,749 |
Expense payments primarily relate to reimbursement for travel and computing costs
5 Fees for examination or audit of the accounts
| Independent examiner's or auditors' fees for reporting on the accounts Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor |
2022/23 £ Nil Nil |
2021/22 £ |
|---|---|---|
| Nil | Nil | |
| Nil | Nil |
6 Paid employees
| Staff Costs paid during the year were: Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs Apprenticeship levy Total staff costs Average number of employees in the year were: |
2022/23 £ 113,418 10,626 23,021 558 147,623 4 |
2021/22 |
|---|---|---|
| £ | ||
| 105,848 | ||
| 9,761 | ||
| 21,838 | ||
| 483 | ||
| 137,930 | ||
| 4 | 5 |
7 Capital Commitments and Contingent Liabilities
At the 31st August 2023 there are no capital commitments. No Contingent liabilities were identified at 31st August 2023.
8 For information only Money received and passed on to External Organisations
| Balance brought forward from last year Offerings/Gifts - received for External Organisations Offerings/Gifts - passed to External Organisations Balance carried forward |
2022/23 | 2021/22 £ 0 0 0 |
|
| £ | |||
| 0 | |||
| 0 | |||
| 0 |
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 17
9 Tangible Fixed Assets
Cost or valuation
| Land £ |
Manses £ |
Other buildings £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under constructio n £ |
Total £ |
|
|---|---|---|---|---|---|---|
| Balance brought forward | 152,000 | 1,263,808 | 190,000 | 4,863 | 1,610,671 | |
| Additions | 45,000 | 45,000 | ||||
| Revaluations (+/-) | 58,000 | 159,621 | ||||
| Disposals (-) | ||||||
| Transfers*(+/-) | - (10,000) |
(190,000) | (200,000) | |||
| Balance carried forward | 200,000 | 1,468,429 | 0 | 4,863 | 1,610,671 |
Accumulated depreciation
| Balance brought forward | 2,595 | 2,595 | ||||
|---|---|---|---|---|---|---|
| Depreciation charge for year (-) |
250 | 250 | ||||
| Revaluations (+/-) | ||||||
| Disposals (-) | ||||||
| Transfers*(+/-) | ||||||
| Balance carried forward | 2,845 | 2,845 | ||||
| Net book value | ||||||
| Brought forward | 152,000 | 1,263,808 |
190,000 |
2,518 | 1,608,326 | |
| Carried forward | 200,000 | 1,468,429 |
0 |
2,018 | 1,670,447 |
10 Investment assets
The Circuit has no common investment fund holdings
11 Loans
The Circuit currently has a loan from the District of £20,000 in respect of initial funding related to the redevelopment of the Kingsthorpe Church This has been treated as a long term creditor.
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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12 Analysis of restricted and designated funds
| Restricted Fund Name |
Opening Balance |
Incoming Resources |
Resources Expended |
Transfers | Closing Balance |
Purpose of the fund |
|---|---|---|---|---|---|---|
| Restricted fund | ||||||
| Benevolent Fund |
1,165 | 11 | 0 | 1,176 | Support for individuals in specific need |
|
| 2021/22 | 1,174 |
491 | 500 | 1,165 | ||
| Designated funds | ||||||
| Development Fund |
518 | 200 | 718 | 0 | Available for funding outreach and development work |
|
| 2021/22 | 912 | 106 | 500 | 518 | ||
| Wootton TrinityFund |
9,901 | 0 | 0 | (9901) | 0 | Fund transferred to Northampton Methodist Church. |
| 2021/22 | (598) | 6,332 | 5,833 | 10,000 | 9901 | |
| Totals 2020/21 |
314 | 6,438 | 6,333 | 10,000 | 10,419 | |
| 7,461 | 4,899 | 12,046 | 314 |
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 19
Independent Examiner's Report to the Trustees of the Northampton Circuit
This Report is on the Circuit Accounts for the year ended 31st August 2023 and Is carried out under Sections 145 of the Charities Act 2011.
Respective responsibilities of Trustees and Examiner
As Trustees, you are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 and that an independent examination is needed. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants England & Wales.
It is my responsibility to:
-
to follow the procedures laid down in the general Directions given by the Charity
-
Commission under Section 145(5)(b) of the 2011 act; and
-
to state whether particular matters have 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 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
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 accounts which accord with the accounting records and comply with the
-
accounting requirements of the Charities Act have not been met; or .
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-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
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of the accounts to be reached.
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(3) I have not obtained independent verification of all investments with the Trustees for Methodist
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Church Purposes ("TMCP") or held in other Trusts, Bank balances and Funds at the Central Finance Board of the Methodist Church ("CFB"), which are individually in excess of £10,000 at the balance sheet date.
Name Miss C Haynes ACA Qualification reference ACA ICAEW 7945127 Address 4 Delamere Road Northampton NN4 8QG Date 30[th] May 2024
Northampton Methodist Circuit Annual Report and Accounts 2022/23
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Appendix A
CIRCUIT MEETING MEMBERSHIP
MINISTERS
Rev David Spiers Rev Francis M Itiiri Rev Ian Forsyth
SUPERNUMERARY MINISTERS
Rev Alan Sharp
CIRCUIT ADMINISTRATOR Miss Sarah Eason
CIRCUIT STEWARDS
Miss Pam Kirkland Dr Hellen Okello Mrs Elizabeth Hale Mr Phillip Leeson
CIRCUIT TREASURER
Mr Keith Brooks
Circuit Safeguarding Co-ordinator Mrs Jenny Brooks
CIRCUIT CHURCH REPRESENTATIVES
NORTHAMPTON METHODIST CHURCH
Mr Trevor Clarke Mrs Pat Oliver Mrs. Hilary MacCallum Mr Paul Deakin
EMMANUEL GROUP
Mrs Maureen Timms Mrs Jenny Cole
Northampton Methodist Circuit Annual Report and Accounts 2022/23
Page 21