## **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: - Encouraging one another in our daily walk with Christ as well as showing others by our actions the love of God within our lives, despite living in very difficult circumstances - Continue to engage together, online and by correspondence (for those unable to access the internet) in Worship, bible study and prayer - Continue to meet together in person and online in discussion groups and fellowship so to have Godly conversation. 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 2015 Circuit R and P.xls 1 of 5 **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| 2015 Circuit R and P.xls 2 of 5 **NENE VALLEY** **Circuit** ## **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) 2015 Circuit R and P.xls 3 of 5 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. * delete or circle as appropriate 2015 Circuit R and P.xls 4 of 5 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: - 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 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 ………………………………………… - delete or circle as appropriate Sep-21 2015 Circuit R and P.xls 5 of 5 .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