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2022-08-31-accounts

Annual Report

2021-2022

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 Disciples and Grow God’s Kingdom

As a Circuit we will endeavour to continue to support our Mission Statement by:

We, as God’s people in the Nene Valley Circuit continue to nurture and grow our discipleship and remain open to new challenges in finding different ways of worshipping and learning together. In this regard, we continue to hold 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.

Name of Circuit

Circuit No 23/23

Nene Valley

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Notes to
the
accounts
Income
1 Donations and legacies
2 Income from monetary investments
3 Income from investment properties
4 Assessments on Churches
5 Capital Receipts
6 Grants received
7 Other charitable income
8Total income
Expenditure
9 Grants and donations
10 Salaries and associated costs
11 Property maintenance
12 Connexional assessment & model trust levy
13 District Assessment & Levy
14 Depreciation
15 Office expenses
16 Other outgoings
17Total charitable expenditure
18 Gains/(losses) on monetary investments
19 Gains/(losses) on investment properties
20Net income/(expenditure)
21 Transfers between funds
22 Other gains/(losses)
23Net movement in funds
24 Total funds brought forward
25 Total funds carried forward

General Fund
(Unrestricted)
Circuit Model
Trust
(Unrestricted)
Designated
Funds
(unrestricted)
Restricted
Funds
Endowment
Funds
Total
2021-22
Total
2020-21
£
£
£
£
£
£
£
160
160
240
1,229
26
22
1,517
2,633
0
118,552
118,552
132,632
365,000
365,000
105
331
10,000
10,331
5,781
119,283
366,229
-
10,026
22
495,560
141,151
30,200
30,200
55,200
75,579
10,000
85,579
90,027
14,252
14,252
38,825
35,411
35,411
38,008
0
0
1,826
1,826
3,498
2,534
130,260
16
13
132,823
12,133
159,802
130,260
0
10,016
13
300,091
237,691
0
-40,519
235,969
0
10
9
195,469
-96,540
5
5
-
0
-40,514
235,969
0
10
4
195,469
-96,540
119,387
49,586
5,568
4,727
179,268
271,081
78,873
285,555
-
5,578
4,731
374,737
174,541

Name of Circuit

Circuit No 23/23

Nene Valley

Balance Sheet as at 31 August 2022

Fixed Assets Notes to the
Accounts		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 General Fund
(Unrestricted)
Circuit Model
Trusts
(Unrestricted)
Designated
Funds
(Unrestricted)
Restricted
Funds
Endowment
Funds
Totals
2021/22
£
£
£
£
£
£
774,364
774,364
0
0
774,364
0
0
0
0
774,364
3,287
3,287
0
285,555
5,578
4,731
295,864
58,779
58,779
18,138
18,138
80,204
285,555
0
5,578
4,731
376,068		 GN
Totals
2020/21
£
853,124
R
R
853,124
789
S
49,586
80,264
T
44,691
175,330
44
U
V
44
175,286
1,028,410
V
1,028,410
W
1,008,824
39,291
W
1,048,115
5,568
4,727
1,058,410
Circuit Manses & Equipment 774,364 774,364
Investmentproperties 0
Investments 0
Total fixed assets 774,364 0 0 0 0 774,364
Current Assets
Debtors 3,287 3,287
Loans bythe Circuit 0
Investments with TMCP 285,555 5,578 4,731 295,864
Central Finance Board Deposits 58,779 58,779
Cash at Bank and in hand 18,138 18,138
Total current assets 80,204 285,555 0 5,578 4,731 376,068
Current liabilities
Creditors (due in under 1 year) 979 979 44
Grantspayable within 2022-23 0
Total current liabilities 979 0 0 0 0 979 44
Net current assets/liabilities 79,225 285,555 0 5,578 4,731 375,089 175,286
Total assets less current liabilities 853,589 285,555 0 5,578 4,731 1,149,453 1,028,410
0
0
0
853,589
285,555
0
5,578
4,731
1,149,453
853,589
853,589
285,555
285,555
0
0
1,139,144
5,578
5,578
4,731
4,731
853,589
285,555
0
5,578
0
1,149,453
Long term liabilities
(due after more than oneyear)
Grantspayable after 2021-22 0
Loans to the Circuit 0
0
Net assets 853,589 285,555 0 5,578 4,731 1,149,453
Funds of the Circuit
General Fund(Unrestricted) 853,589 285,555 5,578 853,589 1,008,824
Circuit Model Trust Fund (Unrestricted) 285,555 285,555 39,291
Designated Funds(Unrestricted) 0 0
Total Unrestricted Funds 1,139,144 1,048,115
Restricted Funds 5,578 5,578 5,568
Endowment Funds 4,731 4,731 4,727
Total Funds 853,589 285,555 0 5,578 0 1,149,453 1,058,410

Signed

Circuit Treasurer

Name of Circuit …Nene Valley……………………………………………… No 23/23

Declarations and Scrutiny

I confirm that these accruals-based accounts for the year to 31 August 2022 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 …………Simon Forey………………… Date……05/09/2023……..

Name and address of treasurer ……Simon Forey…………………………………….

…36 The Square, Earls Barton, Northants………………………. Post Code NN60NA

Presentation to the Circuit meeting

I confirm that the annual report and accounts for the year ended 31 August 2023 will * be presented to the Circuit meeting held on: 30 Sept 2023

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

Name of the Chair of the meeting: ………Lesley Dinham…………… Date ……………………

Independent Examiner’s Report to the Trustees of the

Nene Valley Circuit

Charity Number 1135896

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the …Nene Valley Circuit for the year ended 31 August 2022 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.

Name of Circuit ……………………Nene Valley………………………………… No …23/23

Independent Examiner’s Statement

[The Circuit’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ( insert name of applicable listed body )]. Delete [ ] if not applicable.

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: ……Peter Mcarthy………………………………………….

Relevant professional qualification of independent examiner: ……Chartered Accountant……

Name of firm (where appropriate): ……………………………………………………………………… Address: 13 Queensway, Wellingborough…………….. Post Code: …NN8 3RA…

Date: ……………06/09/2023……………

May2023