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2021-08-31-accounts

Annual Report

2020-2021

Nene Valley Methodist Circuit

Charity no. 1135896

The Circuit

The circuit consists of 7 churches (8 buildings) with one Class. Our churches are situated in the towns of Higham Ferrers/Rushden, Irchester, Irthlingborough, Raunds, Wellingborough and the villages of Earls Barton, Wollaston and Yelden. The circuit is committed to worship, learning and caring, service and evangelism. There is good support between the Church communities with a growing sense of belonging to one another across the circuit.

Our Mission Statement

The circuit seeks to utilise its Mission Statement to encourage ways of working together towards the needs of others in our communities and across the world.

Our mission statement, based on the parable of the Sower (Matthew 13) is

To Plant Faith, Nurture Growth and Grow God’s Kingdom

As a Circuit we will endeavour to continue to support our mission statement by:

Once again because of the continuing difficulties over COVID, this year has proved challenging to all our churches both in regard to meeting together and financially.

However, we continue to nurture and grow our discipleship and remain open to tnew challenges in finding different ways of worship and learning together. In this regard, wh have this year, decided to begin holding circuit services on the 5[th] Sunday of the month in two of our Churches, so to encourage fellowship amongst God’s people and so grow stronger as a circuit.

CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS

NENE VALLEY

Circuit

FOR THE YEAR ENDED 31 AUGUST 2021

Northampton
District		 Circuit no 23/23
Registered Charity - Charity Registration number
1135896

If not a registered charity Her Majesty's Revenue and Customs Gift Aid number

(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242 )

Ministers:

Rev Lesley Dinham

Rev Kim Shorley

Circuit Stewards:

John Hoyle Nita Gould Jane Nield Rachel Newman Iain Newman Ruth Austen Treasurer:

Simon Forey

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Circuit

NENE VALLEY

20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021

SECTION A SECTION A SECTION A SECTION A SECTION A SECTION A £
132,632
105
2,633
5,781
0
Totals this
year		 £
132,632
105
2,633
5,781
0
Totals this
year		 £
Totals last
year		 £
Totals last
year
a1 RECEIPTS Note
a2 Assessment/Share 132,632 132,632 175,504
a3 Capital receipts 105 105
a4 Bank and CFB interest and
Investment income		 2,252 325 56 2,633 15,275
a5 Grants 781 5,000 5,781 4,000
a6 Other receipts 0 403
a7 TOTAL RECEIPTS 135,770 325 5,056 141,151 (a8) 195,182
SECTION B
b1 PAYMENTS
b2 Stipends, salaries, NIC, Pension and
travel costs		 85,027 5,000 90,027 96,462
b3 Manse Costs 38,825 38,825 15,254
b4 Administration etc 3,498 # 3,498 2,784
b5 District Assessment 38,008 # 38,008 37,340
b6 Grants & donations 40,200 15,000# 55,200 324,200
b7 Other Property 290 # 290 1,974
b8 Otherpayments 9,788 2,014 41# 11,843 20,682
b9 TOTAL PAYMENTS 215,636 2,014 20,041 237,691 (b9) 498,696
(96,540)
SECTION C
c1 NET RECEIPTS/PAYMENTS FOR
THE YEAR		 (a7-b9) (79,866) (1,689) (14,985) (96,540)
c2 Total funds brought forward from lastyear 199,253 51,275 20,553 271,081 (c6) 574,595
174,541
c3 Sub total
(c1+c2)		 119,387 49,586 5,568 174,541
c4 Transfers and adjustments 0 (c7)
c5 TOTAL FUNDS AT END OF YEAR
(c3+c4)		 119,387 49,586 5,568 174,541 (c8) 271,081 (c6)
SECTION D
d FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL
(these amounts should not be included in total receipts/payments above)
Balance brought forward from lastyear
Offerings/Gifts - received for external organisations
Offerings/Gifts -passed to external organisations
BALANCE STILL TO BE PAID (d1 + d2 - d3)		 ORGANISATIONS
d1
Balance brought forward from lastyear
d2 Offerings/Gifts - received for external organisations
d3 Offerings/Gifts -passed to external organisations
d4 BALANCE STILL TO BE PAID (d1 + d2 - d3) 0 0

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SUMMARY OF CIRCUIT ACCOUNTS AND INTERNAL ORGANISATION REPORTING TO THE CIRCUIT MEETING

SECTION E Please follow the Guidance Notes to complete this page Summary of the Circuit accounts for the year ended 31 August 2021 and Internal Organisations reporting to the Circuit Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross receipts and payments totals of the Circuit. If gross income exceeds the Accruals threshold of £250,000, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the Circuit and connected Circuit Organisations.

SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E SECTION E
Summary of the Circuit accounts for the year ended 31 August 2021 and Internal Organisations reporting to the Circuit Meeting. Note that the funds of an
Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This
section must be completed to arrive at the gross receipts and payments totals of the Circuit. If gross income exceeds the Accruals threshold of £250,000,
then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the
guidance notes regarding transfers between the Circuit and connected Circuit Organisations.
INTERNAL
ORGANISATIONS		 Receipts Payments Net Receipts/
Payments		 Adjustments Opening
balances		 Closingbalances
e1 0 0
e2 0 0
e3 0 0
e4 0 0
e5 0 0
e6 0 0
e7 0 0
e8 Sub total of Internal
Organisations funds		 0 0 0 0 **0 ** (e11) **0 ** (e12)
e9 Circuit accounts (totals
brought forward from
page 2 - totals column)		 **141,151 ** (a8) **237,691 ** (b9) (96,540) **0 ** (c7) **271,081 ** (c6) **174,541 ** (c8)
e10 TOTAL CASH FUNDS
HELD BY CIRCUIT		 141,151 237,691 (96,540) 0 **271,081 ** (x) **174,541 ** (y)
Continue on a separate
sheet if necessary and bring
the totals forward		 TOTAL RECEIPTS TOTAL PAYMENTS
SECTION F

SECTION F STATEMENT OF ASSETS AND LIABILITIES

CIRCUIT - CASH FUNDS HELD at 31 August 2021

f1 Cash in hand
f2 Bank Current Account
f3 Bank Deposit Account
f4 Central Finance Board
f5 Trustees for Methodist Church Purposes
f6 Other funds
f7 SUB TOTAL
Total funds held by Internal Organisations (the
f8 closingbalance totals above) (e12)
f9 TOTAL CASH FUNDS HELD BY CIRCUIT
SECTION G
OTHER ASSETS and LIABILITIES
g1 Investments(include Endowments)
g2 Land and Buildings(see notes re Insurance value)
g3 Other Assets
g4 Loan(s)- show amount outstandingatyear end
g5 Other Liabilities
OPENING CLOSING
BALANCES BALANCES
10,015 3,736
189,238 115,651
51,275 49,586
20,553 5,568
**271,081 ** (c6) **174,541 ** (c8)
0 (e11) 0 (e12)
**271,081 ** (x) 174,541 (y)
At At
1 September 2020 31 August 2021
4832 4727
836,300 853,174

f4 Include only Funds held at the Central Finance Board

f5 Include only CFB Funds held at Trustees for Methodist Church Purposes

g1 Include any other investments (not the cash element of TMCP trust accounts this is inserted in line f5)

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Name of Circuit …………………………………………………………… No………..

Declarations and Scrutiny

I confirm that these Receipt and Payment based accounts for the year to 31 August 2021 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……………………..

Name and address of treasurer ……Simon Forey, 36 The Square, Earls Barton

…………………………………………………………………………………. Post Code…………NN6 0NA

Presentation to the Circuit meeting

I confirm that the annual report and accounts for the year ended 31 August 2021 were/will be*

presented to the Circuit meeting held on ……………..

Signature of the Chair of the meeting ……………………………………………………………………

Name of the Chair of the meeting …………………………………………… Date ……………………

Independent Examiner’s Report to the Trustees of the

……………………..…………………….. Circuit

Charity Number …………..

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the …………………………………. Circuit for the year ended 31 August 2021 set out on pages … to …. 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.

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Name of Circuit ………………………………………………………………………… No ………….

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:

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 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 ………………………………………

Name of firm (where appropriate) ………………………………………………………………………

Address ……………………………………………………………………………………………………

……………………………………………………………………………….. Post Code ………………

Date …………………………………………

Sep-21

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.4ame of Circuit . Independent Examinerfs Staternent I have completed my examination. I confirm that no material matters have come lo my attenlion li connection with the examination (other than that disdosed below") which give me cause to believ that in, any maierial respect= the accounting records were not kepl 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 tc which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I havelhave not" obtained independent verification of all investments with Ihe Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Melhodist Church which are indiwdually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Relevant professional qualbfication of independent examiner Q Name of firm (where appropriate) Address (i.. TrLsJf Postcode Date delete or circle as appropriate Sep-21 201Sci￿lI R and P￿[8 Sof5