2021-08-31-accounts

CANNOCK CHASE METHODIST CIRCUIT {Charlty Roglsflation 1136126) Clreuit No. 2&ffj8 FINANCIAL STATEMENTS For the Year ended 31 August 2021

TRUSTEES ANNUAL REPORT Introductlon The Cannock Chase ar(￿lt was made up of twthty thurtt￿ on and around the geographical area in South Staffordshire known as CannLYk Ch85e. These churthes are used primarllyto pro¥lde places of Christian worship, edLFcation and fellowship for the people around those place& The buildings are also used to provide room5 frr a Wdriètv of communitv act$￿tre Alms and oryanlsatlon The fjrcult exists to worship God. serve our comrnunities and grw ourthurthes. The world hos seen unprecedentèd events this year because of the Covid-19 pandemic and Cannock Chase method￿ Churth ha5 been no exwtion. When the Government Intr¢xluced a total lockdown from the 23rd Marth 2020 all our churches dosed thwr doors for worship and all acti￿tIes. Str￿1 of our thurches offered worship by Zoom. a brydeo conferen¢ir seNc4 or by YouTube or by telephone Conferen￿ ser¥ice. Most of our thurche5 retume(I to worship in the buildings in August 2021. The Rev Edward sa&￿e left the fjrcuit in August 2020 and he was replaced bythe Rev Christopher Ambler. Therefore from the 1st September 2020 the ministers are Rev Nigel Young Isuperintendentl. Rev Chrlstopher Amb￿. Deacon &45an Culver. Revjacob Donkoh, and Rw Margaret Eale To assist the minlsters wlth tholr workthe Orcuii ernploys 4 Lay Pastoral A$s￿￿￿ts and I arcuit￿MInIstr8t0r. The Qrcuit had thirty fourfvlly acuedlted local preathers on the Plan of which twenty one are active and there are two local preachers on trial. none on note and there are twenty- three worshlp leaders. Under nomial drcumstan￿ there rs. auoss the OroJiL on average approximately 312 Sunday serwces each quarter. These Servi￿ are, in the maln, conducted by the Ministerial Staff, ￿pern￿MerJry Ministers. Local Preathers and some ifjsiting preathers. On ottaslons when there are insuffitient preachers available then kKal arran8ements have to be made. In addition to Sunday Sernces Se￿3[ ofthe thurd5 in the CIr￿￿t hold m*J¥￿k services which a￿ as relaxed and informal and in many wes attract a wider corwegation from across the denominations. Page I

Many of our are on o(ra5ions USI￿ otherfom)s of Servi￿ than the-traditional" style, e.8."Messy Churth. "Cafe Church.. These altemati¥E styles attract people from a wider section of the local comFnunits. Most ofour churches have mId￿k actNitses su(h as Women's meeting% Men'5 groups. Bible stutti groups, Prayer meetings or House groups. Youth work is maintained in many of our chLtrthes wfth Youth aubs and unlfomied organis4tions suth as Boys BrTr8ades. Girls Brigade, BroWn￿S. Guides. St John Ambulan Cadets. DurSn8the year Mis5 Ellyn Cruxton vas anployed as Churth and C(Mnmunlty Lay Worker for St Paul's and Handsaue churche& The total cost of this 15 being met by those two thurche Clrcyft income is primarily drawn frorn the a5se5sment paid by the urcuit churches. The Assessments for the year 2020121 were the same amounts as for 20￿120. All but two of the churches paid their in full. The manse at Dundalk Lane continue5 to be let and provides rental income to the tircuit. Stlpends are increased eath ffianaal year in fine with increases approved by the Methodtst Conference. StipetKls. national Insuran￿ and pension contrityjtions were 52.65% of all expendrture. 19.0% of expendtture 15 the Orajit contriiwtion to the District and Connexion, of whith a significant part 15 Used to fvrKI the workof the wider Methodist Church. £9,477 was spent on repairs and maintenano of the six manses Ftsnd ba￿a￿e5 As at 31 AU￿$t 2021 the net current assets of the Clrcuit were £160,747. approxlmatety 6 months o)¥er for expenditure. Han5 f Wrth the uncertainty of the Impact of the Covi&19 lockdown upon the churches and the Circuit as whole. the a$S￿ments have not been changed. It is hoped that by earty 2022 we will have a clearer picture of the fvture and a more a¢curate budget can be madefor the year 2022123. Page 2

The Charitvs annual report and accountsfor the year ended 31 August 2021 haNt been prepa￿d in accordance with the Charities A¢r 2011 and the Charities: Statement of Recommended Practi 2015 a5 applicable to the financial Rewrting StandardlFRSSEI 2015 Full Name of Chèrity= Canncrtk Chase Methodist ￿r¢￿&t Registration Charity Number: 1136126 Date of rwrètion". lstjune 2010 Maln communtC/llon address: Mr Keth Rothery. 64 Thorpe Stree¢ BUrntw￿d. Stsffordshire. WS7 1 The members ofthe Cannock Chase Methodist arcuit meeting are the (harityTrustees, membership beirv8 made up of arcuit Offi￿ holder& ministers and rewe5entati4es appointed by the lo¢AI churthes. ar¢ult Mlnlsters and offkers Act￿￿ Clrcuit Ministers Re¥ Nyl J. You Deacon Susan Cufver Re¥Jacob Donkoh RÈV Margaret Eales {from tst September 20201 arcult Lay w￿k@[S Miss Ellyn Cruxton Mr Mark fimothy Ms Rosemary Bryant Mrs MelcKly Jones rcuit Ste4vard5 Mr Graham Lowther Mr Neil Emb Mrs Kate Chapman Mrs Barbara Brooks Administrator Mr5 June Scrim8eour Treasurer Mr Keith Rothery who acted as the prinapal officer o¥erseein8 the day to day financial management and xcountirefor the circuit during the year. Independent Examiner Elalne GloverA.CM. Haywood Actounting Solutions Ltd 4 CoppÈnhall Mews Coppenhall Staffordshirt ST18 9&4 Investm￿t Bank￿5 Cerrtral Finance Board of the Methodist Churth Trustees fi)r Meth(xlist Church Pu Page 3

tharity objective is to act a5 a Resour￿ pro¥lderwithin the area around the Cannock tha5e for tTr* Methodist Church.. The purpose5 ofthe MethodLst Churth are and shall be deemed to h￿e en since the Date of Union the a(fva￿ernent ofr. al The Chrfstian faith in accordance wlth the doctrinal stsndards and dlsdpjine of The Methodlst Church: bl Any charitable purpose forthe time beireof any COnn￿lOnal. DlstricL arcuiL Ictsl or other organisation of The Methodt5t thurch: cl Any charitable purposefor the time being of any society or inst[￿tiOn subsldiary or anullary to The methOd￿t Churth: dl Any purpose for the time belng of any tharity belng a (tsrltysubsidiary or anallary to The Methoifist Church The organisatton and resourtirvd of regutar public acts of worship Iw to members ofthe church and non rnernbe￿ allke. The teathlng of Chrlstianity throuth sem)ons. courses and srnall grou The resourcing of pastoral work indudin8visiling the slck and bereaved. Taking reliBious assemblies in local school5. Promotion of Christiantty through the 5tagin8 of elents and serv1￿. Provlsion of chaDlalncv semcesto the ￿1 unl¥ersitv and other institLrtion Publlc Benefft We confirm the tTU5tees have had regard tothe Charity Commissorfs guidan￿ on public benefft. The governing document for the circuit 15 the Deed of Union11932) and Methodist Church Act119761 Detailed govemance arra￿ements a￿ ouulned Wbthin the Conuitutional Prartice and Discipline of the Methodist Church ty order of the annual conference {CPDI. Day to day management of the ctrcuit is Ur￿ertaken by the Or￿tt Leadership team along wtth the Local Preachws Meeti￿ the fjrcull ￿nance and Property Commfttee and the fjrcutt Policy Committee. TNstee Traini A range of guidance woduced by Methodist Conn￿10n to SUPPOrt the effective running ofthe clrcuit, 5pecifKally the leaflet The Role of a Trustee in The Methodist Chunth, É$ 8i¥en to all ne4V Circ￿￿t meeting members as inductH)n to their role as trnstees. The Circuit is part of the Wolvthampton & Shravsbury Llislrkt and is abo &¢ountable to the Meihodist Conference. The following 20 Methodist (hurthes are Ilnked to the rjrcuit: Bethèl, Bridgtown Boume. Heath Hayes 8urntwood Cann£￿ Wcrf)d Chase Terra Chasetown Floren￿ 5t. Hednesford Great Wyd Mill Street. C8nnock Penkridge St Paul's, Rugeley St Stephèn's. C2nnock Trinity, Norton Canes Brereton ChadsmooT Featherstone Handsacre Salem. Cheslyn Hav Trinity. Hednesford Pa8e 4

The major risks have been identified and recorded by the fjrcuit Finan￿ arml Property Committee professional advice taken as required_ There Is a re8ular annual re4le process undwtsken and recorded. Income and Expenditure 15 ￿ monltored in total and 15 ￿mPared with the appro￿ annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unfofeseen calts on reserves. Safeguardkng Everypetson hus a volue onddignity which comes directtyfrom the crEotion of male ondftmole in God s own imoge ond bkeness. Christians￿ thi$potent￿l osfvfjlledty Go￿5 ￿-￿tion of us in ChnsL Among other thing5 this implies o duty to bvlue allwple us bearing the imoge of Godand thereft￿ to protert themfrom horm. Methodist Connexlonal practlce (yjtlines commltmentto the following principles: • the care and nurture of. and respertfvl pastoral ministry with. all thildren. young pe￿e and adults . the Sa￿uardIng and protection of all children, YOU￿ wple and adults ¥then they a￿ vulnerab • the estsbltshing of safe, caring communities whlch pro￿de a loving eNronment where there is Infonned vlgilance as to the dangers of abuse. • We will carehjlty select and train all those with any resPo￿bIl￿ within the Church. in line with Safer Recruitment principles. including the use of criminal records di5dosures and registratton with the relÉwant vettin8 and barring scheme We will respond without delay to every complaint mède whith svgg&ts that an adult, child or young peT50n may have been hormed, cooperatin8 with the police and local authortty in any investigation. . We will seek to work wtth anyone who has suffered abuse, dedopiwx with them an appropriate minlstry of Informed pastoral care. . We will seek to thallenge any abuse of power. especialty by anyone in a position of trusL We will seek to offer pastoral Ca￿ 3nd suppcwt, induding supemsion and referral to the proper authorities, to any member of our thurch communÉty known to have offended against a thild. young person or vulnerable adult. • In all these principle5 we will foll(MT legi51atlon. gUIda￿e and rec(yi5ed good practice The Cannoc Chase Orcuit commtts itself to ensuriwd the implementation of Connexional Safe8uardln8 Pollcy,. 8ovemment kgtslatjon. guldano and safe prartI￿ In the clrtyft and In the thurches. The Cannock Chase CJrcurt commits itself to the proVis￿)n of support. a(knce and training for lay and ordained people that will ensure people are dear and wnfident about their roles and responsibiltties Én safeguardlng 3nd promotlng the welfare of chlldren and adults who may be vulnerable. The Reserves PO￿(Y for the CSrcurt is to hokl a minimum surn equivaleFrt to Six month< averdge expenditure. This should be suffiuent to meet any unforeseen item of major expenditure on manses and I or to be able to tontinuè. in the short tem). funding planned activities in the event of any inability to raise the full Cfircuit Assessment from chur(he&

Cannock Chase Methodist Circult Circuit No 28108 ststement of Financial Activitres ISOFA) for the year ended 31 August 2021 Total ID￿1 201&20 Income 3 InLyJmts invest￿t pr¢ots8 8207 311.545 8,207 311.545 8,394 315.$40 S Capital R￿￿￿ts 6 Grants rec8Ngd 7 Othertharits￿e irrtC•Th9 8 TolAI Incom• 324,731 326,115 Expenditure 9 GArts and donatTrtir 10 Salarf88 and asswaw ¢￿ts 225,￿1 225,901 203N06 30A17 11 Propety rnatntenance 13 Di%thGtAssessrrth & Lev 10 87,207 67AIS 14 Depreuation 15 Offke oxperA68 16 OtheroUtgo￿g5 1T Totsl cha￿￿bI$ exp9nd1￿1• 381 12 10.S)1 256 10,757 14.250 338,098 330,169 19 Gain￿}￿￿ i￿￿tr￿￿)I rrfrwt 20 Incornell•xp•ndiknl 21 Transfers trthen fisnd5 19.661) IiU67) 14.0541 (30.tts)I 22 Other9anslllcs8s1 23 N8t movwngrt In lund¥ 13&7391 127.744 13,36 4.054 847.894 851,948 834,527 847.894 24Total fund5 brw8htforward 25 T4xalfuNls wrled foThvard 681.939 7W78 38,211 ¥244 Pa8e 6

Cirtu¥i No 28108 Balance Sheet as at 31 August 2021 Totsl• 2020 Fi¥•d A8Jets CfrcuttM￿9eB & E L 15 673.7 ¢73.780 Inv88bn• Inv&8bm8nts 16 6n,no 17 14473 18.473 19,4eo th2 Crvjit In￿StMents￿l￿ TMCP C4Mr81 Fln8rKt Bcwd DerAxIs 1412 96.417 130,1se Cash at Bank￿ #i harwj 17 47.354 47.354 49,355 IMJ79 231828 Cr•J￿ l J 18 72.￿1 64,129 blé¥Jithin 201&20 71081 col 64,129 160,747 17l114 8345Z7 841A94 Longtemi ￿•bilitIeS Loans tothe Cl￿￿11 20 834.527 847,894 Fumlsoftho Chr Gen￿￿ Fund (Unr¥Str￿ Cil￿rtI•>1d Fund 21 21 702.2T8 681,939 127.T44 Fund8 IUnrp5trKied) ResblcJ F¢As 21 38.244 38344 847.894 Circxjit T￿asurer

Notesto the Accounts l Basls of aC￿u￿11 thavitie5'. Statement ol Recommended Prth ISORPI aWKzbletoch8riiI￿￿￿￿￿￿thw￿OWDts inKcwthrKewith FRS102-theCharltsSORP IFRS1021 ar•J takingDOteof Update &Jlknn l In 3n& 2 Funds The fuThJs hebj coTh5tkn￿. ftheral FwtshebJf￿www￿}seOftheC￿jtt￿lIhth ¥eUnridwJ. ThÈcw0￿ Mode¢TNsiFwdhasw#Je purrA)¥e5 deflned in 5trndin8 Orders and 1state80￿￿ asunreqrktrd. Re51ri¢ts1fundswhichare hebj wrwse. There area150thefollowing Endowment funds3s￿Sted. Detsd50f eth matvial fuThJethsck&ed inthe final notetollw¥¢tountk knftsnds mèyte represented byrnorèthan lustcash. 3 AccountlTrx pokn5 These accounts ha%t been prepared onthebrsoll4"sterk4 0)st excep¢tTr¥t NThE5tfftntsÈshtym atthefjr matht¥a￿e tsendoftheyear. ors the accruals bagstos1￿¥tr￿ and latr￿ ofthefjrcL¥V5finarKid Income Recognltlon Th1515 rem8n)5e(17herka ftsbiftyts Incurre¢ resulrs unavoida1￿￿. Lobilhies are recognlseda5 soon as anoutftow ofewrk)nK be￿ i5£Or￿ld￿ mK￿rik¢￿thèn TrxurKJeTth 1 OrL￿￿$truthNe obtkin Committl￿the rtuitto resourw. Grao)ts erarional obli8atK)n to makethep•ywL VAT Slnttthec￿CYrt isnotVAT rewed, allhWVATi5thr8&1 trefEr5. Tan8ible fixed assets for use by the artylt Treseare capitalised ilthÈycath be usedf0fff￿etr￿Tr(￿￿. knifLWTr. The frèÈhold sh￿￿ In the accountsat 2015dets)d ¥alue> Ilo deyeaiM 15 wvrfided on the buMdin85 becau5ethEtrusteestonslderthe c¥rrent re51Itwl fairydlueofthe mar￿e1￿1￿ri￿ lonthe a55umO¥Jithai It had fe¥hedthewdDf its ecommlc Ilfe tytheyear￿ndI to be not Investment Propertie5 Investments Investmentsa￿¥31￿d In the bllantss￿￿atM>et￿￿the￿rt￿l. i￿￿e￿ intlaCcLw￿￿sWh￿ recefvatje and any gainsor k%ses¢)h rets1￿1￿ at t￿Year￿d￿s1￿ffi￿1kne￿JF￿ Cbiofsfelateto ihe paynYrtofthESeOemberstipuxl inA Credlto Page8

Qrcuft Model Tn￿ Fund 2021 Total 2020 Total Donations Legacies Total 4,450 4A50 2021 Total 2020 Totsl Unrestrfcted Central Finance Board TMCP Other Total 33 288 1.116 97 1.501 412 529 2021 Total 2020 Total Rent receive(l from the lthngof the anpty manse at 53 Dundalk Lane 8.394 2021 Total 2020 Tt>tal Bethel, Bridgtown Bourne Brereton Bumtwood Cannock Wood Chadsmoor Chase Terrace Chasetown Featherstone Florence Street Great Wyrlev Hand5acre Mill Street Penkrid8e Salem, Cheslyn Hay St. Paul's St. Stephen's Trinity. Hedne5ford Trinity, Norton Canes Uppèr Landywood Total S￿00 8,130 10,840 23,680 4.520 29,160 4520 29,160 23.600 7A20 7.520 5.915 7.2C(I 40 ￿,440 9A60 9,360 4360 4,360 28340 28,340 25,980 29,6C 34,060 24,040 11,2(H) 7,160 S￿.540 112 7.160 311yS

amiit Model Trust Fund 2021 Totsl 2020 Totsl 8. Grarts and Donatlons Bovrne. Heath Hayes Featherstone Handsacre MÈthodi# Hom&% Leaving Gifts loo 2021 Total 2020 Total 9. Salarles & ass￿1￿ costs Ministers- Stipen(is Pension Contribution National Insltrance Lay Workers- Wages Toial 13L688 34A30 128.151 33,426 11.615 47A77 30.214 225,901 203A06 10 20 2020 Total Wolverhampton & Shrv+tstsJry DtstrlcE URC Assessment District Advance Fund Total 60,667 171MI 3W7 67207 67A15 2021 Total 2020 Total Teleptsjne ai¥J Intemet Ptinlin arKI Stat 3,69S 4,293 3,435 5,381 2021 Total 2020 Total 12 Other oul8olngs Travel E¥pen8e8- Ministers Travel Expenses- Lay Worke $￿￿m￿Me18ry Prexhng Ajkwa RerTh)val Exwses Quirmwenrtrial InsFd MiscelL8neou8 1.662 1,981 225 4,892 2.164 2.016 1.710 &472 1,417 10.7S7 14.250 P￿e 10

List year Payments made to trusteesfor alditional servtces kyovided to the fjrojtt by agreement with the Circuit Meeting None None Number ot trustee5 who were paid exp￿5 Nature of the expenses Expense payments primarily relate to relmbur5ement for travd and computlng costs Total amount paid 14. Fees for examlnatlon or audtt ofthe acc￿nts Independent examine¢s or audttors. fee5 for reporting on the accounts 1.981 2.164 235 225 other fees le.&: ad7sice, accountsncy sen1￿) paid to the indeperKlent examiner or auditLY None None Pd8e 11

The funds that support the ￿rCuit Model Tnjst Fund and the Manses FuTrJ are held by TMCP in Trustees Interest Funds on which interest is uedited to the at￿Unts each month. These are regarded as medium and long term imiestments. TMCP is the legal owner and Custodian Twstee of all Methodlst Model Trust property, indudin8 Legaoes, Endowments and Accumulated Funds Trust property ts held for and on behalf of loc31 Managing Trustees who are responsible for the day to day management of trust ￿oF￿. TMCP ensurethai through providing guidance and a¢tin8 under th￿r direction. the managirv8Trust￿ mmplywith tharity law and Methodist law and polity as determined by the Methodist Cortference. Thlsyear Last Year Investments listed on a reco8nised St(Kk Exthange Investments held in common inves1me￿ funds. Seojdties not Ibsted on a reco8ni5ed 5tLd Excha Other investments Totsl Change In In¥estmert values Carrying Imarketl Wdlue at bewnnlng of year Add: addltlons to investments at Cost Less: disposals at carrying value ain/llossl on revaluation Carrying Imarketl value at end ot year

1. Ana￿￿ olcurrwrt a55ets Th15year stye•r Pre paid Stlpends 14,931 14,716 Accrued income Other debtors 3.542 4,744 Totsl debtors and plepatr￿ 18,473 ,460 Anatysts ofcagh at bank Bank balance held in HS8C Bank plc 47.354 36,378 Bank balan￿ held in Methodist Chapel Aid 12,977 Bank balan￿ held in (Name of bank) Totsl Cash and Bank 47.3S4 49.355 l& Anal>sts ol ¢urrefit Ilabllftl•s and knytsrm credltor5 Trade CreditNs 11.046 11,819 Other Creditors (Assessments re￿1%￿d in advan￿) 61.035 52,310 Total CurTent Liabilili¢5 72.081 64,129
2. Capital Commltrmfttsand Cwrtliynt Uabiiioles At the 3tst August 2021 the ¢Jrcuit has no caplial commltmen No Contingent liabilities were klentSfied at 3tst August 2021. Page 14

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DECLARATIONS Treasurer the records oftha Clrcuit that ty iNJudè urnlwlhe (rfthe Cirujht Meeting. Srgnalure rfTreasurer 28 ¢)dobgr 2021 Presentstion to the Cir¢uit IA¢eling for appmal. I confim that the anryjal retxxt 8ThJ actxmts ftythe 31 A￿V$1 2tr21 presented to the Circuf( MeetiThJ at its Me￿ng on Is Signature of the Chairof the meeting Name ofthe ChaK ofthe meeting Independent examlnees Roport to th? Trustees of the CANNOCK CHASE METHODIST CIRCUIT Th￿ Repjrt on Ihe Circyjit A(￿￿nts fcy the Y￿ endwj 31. 2021 Respxllve responslbllllles of Trustees and Examlner Thè Circurfs trustees are rasportsib￿ kn ensuring that annual report and accounts tsthe year to 31st August 2021 preserrt a true and tsirVi￿ of the &rcuiVs iEKXfft and expen¢knre ts the ye3r and ofits assets and liabilthes at Ihe balance sheet date. The IAL8tees that an a￿Art is ￿t neLessary forthis year under Seth'on 144 ofthe ch￿Ille5 Art 2011 (the chwill￿ Ad) and that an exarnination nJed. It is my resporribrfity to.. examine the accounts under 8e(aion 145 of the c1￿111C¥ Art Seciicffj 145(5)Ibl ofthe Clwth *' and p￿17

exominabon indudes a revivw ofts rec¢yd8 kepl bytt and a crynparison ofthe a￿nts Independent Examlnefs Statement . to keep r￿)rdS in ￿tKe with Seclion 130 ofthe Chilies A occounts.ng requirements ofthe Charthes ALX 12) to wtuch. in my opinion. attenti￿ Sh￿￿1 be in ¢xder to enable a pry)er understsndir¥J ofthe w￿nIS to be re￿￿1. 13) Methodist Church Pur[￿e8 or hekl in otherlJusts. bank b818rKxs ar￿ ftjrhts 81 the Central Finance Board of ihe Methodist Church are iTrJThidualty in excws of £10,((Q {ten th￿and N8me of Er￿p￿xIent examiner Sigrrature of Indep￿dent eX8mi Relevanl PrDfesSiOn￿ qualificalicffl of . A.C.MA Name offirm app Address 4 Copren￿lI cOp￿)hall. Slaffordthre. ST18 9BA Gloyer Page 18