## **CANNOCK CHASE METHODIST CIRCU**
**(Charity Registration No. 1136126) Circuit No. 28/08**
**FINANCIAL STATEMENTS For the Year ended 31 August 2022**
**CANNOCK CHASE METHODIST CIRCUIT TRUSTEES' ANNUAL REPORT**
_**FOR THE YEAR ENDED 31 AUGUST 2022**_
## **Introduction**
At the 1st September 2021 the Cannock Chase Circuit was made up of twenty churches on and around the geographical area in South Staffordshire known as Cannock Chase. During the year one church, Florence Street, ceased to meet for worship and Bourne joined with Trinity Norton Canes to operate as one church.
These churches are used primarily to provide places of Christian worship, education and fellowship for the people around those places. The buildings are also used to provide rooms for a variety of community activities.
## **Aims and organisation**
The Circuit exists to worship God, serve our communities and grow our churches.
## **Review of the year**
Our churches, during the Covid pandemic, have lost members and letting revenues which had a major impact on income. Each church had to reassess their activities and have started to regain their letting income. Some churches continued to offer their Sunday worship by Zoom. We also lost preachers, either by death or by them feeling they are unable to continue. This has resulted in many service being carried out by the Church stewards and lay workers.
During the year the ministers were Rev Nigel Young (Superintendent), Rev Christopher Ambler, Deacon Susan Culver, Rev Jacob Donkoh, and Rev Margaret Eales. The Rev Margaret Eales retired at 31st August 2022 and left the circuit.
To assist the ministers with their work the Circuit employs 4 Lay Pastoral Assistants and 1 Circuit Administrator. However 3 Lay Pastoral Assistants and the Administrator terminated their employment. It was decided to continue, for the time being, with only one Lay Pastoral Assistant. A new Circuit Administrator was employed but was unsatisfactory and her contract was terminated and we still seek a replacement.
At the end of the year the Circuit had thirty fully accredited local preachers on the Plan of which twenty are active and one local preacher on trial, none on note and there are twenty worship leaders.
Under normal circumstances there is, across the Circuit, on average approximately 230 Sunday services each quarter. These services are, in the main, conducted by the Ministerial Staff, Supernumerary Ministers, Local Preachers and some visiting preachers. On occasions when there are insufficient preachers available then local arrangements have to be made.
In addition to Sunday Services several of the churches in the circuit hold midweek services which are seen as relaxed and informal and in many cases attract a wider congregation from across the denominations.
Page 1
## **CANNOCK CHASE METHODIST CIRCUIT TRUSTEES' ANNUAL REPORT**
Many of our churches are on occasions using other forms of service than the "traditional" style, e.g. "Messy Church", "Cafe Church". These alternative styles attract people from a wider section of the local communities.
Most of our churches have mid-week activities such as Women's meetings, Men's groups, Bible study groups, Prayer meetings or House groups.
Youth work is maintained in many of our churches with Youth Clubs and uniformed organisations such as Boys Brigades, Girls Brigade, Brownies, Guides, St John Ambulance Cadets.
During the year Miss Ellyn Cruxton was employed as Church and Community Lay Worker for St Paul's and Handsacre churches. The total cost of this is being met by those two churches. Her employment terminated on the 30th April 2022.
## **Income trends**
Circuit income is primarily drawn from the assessment paid by the circuit churches. The Assessments for the year 2021/22 were the same amounts as for 2020/21. All but two of the churches paid their assessment in full.
The manse at Dundalk Lane continues to be let and provides rental income to the circuit.
## **Expenditure trends**
Stipends are increased each financial year in line with increases approved by the Methodist Conference. Stipends, national insurance and pension contributions were 54.4% of all expenditure.
18.8% of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church.
- £23,431 was spent on repairs and maintenance of the six manses
## **Fund balances**
As at 31 August 2022 the net current assets of the Circuit were £141,061, giving approximately 5 months cover for expenditure.
## **Plans for 2022/23**
Budgets have been calculated on being one minister short and three churches closed. To assist the churches at this difficult time it was agreed to take £10,000 out of Circuit reserves to help with the assessments.
Page 2
**CANNOCK CHASE METHODIST CIRCUIT**
## **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 2022 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(FRSSE) 2015
Full Name of Charity: Cannock Chase Methodist Circuit Registration Charity Number: 1136126 Date of registration: 1st June 2010 Main communication address: Mr Keith Rothery, 64 Thorpe Street, Burntwood, Staffordshire. WS7 1NJ
The members of the Cannock Chase Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.
## **Circuit Ministers and officers**
Active Circuit Ministers Rev Nigel J. Young Deacon Susan Culver Rev Jacob Donkoh Rev Margaret Eales (until 31st August 2022 Rev Christopher Ambler Circuit Lay Workers Mrs Karen Lowther (until 30th April 2022) Miss Ellyn Cruxton (until 30th April 2022) Mr Mark Timothy Ms Rosemary Bryant (until 31st January 2022) Mrs Melody Jones (until 31st January 2022) Circuit Stewards Mr Neil Embrey Mrs Kate Chapman Mrs Barbara Brooks Mr Graham Dunn
Administrator Mrs Tracey Clay (from 11th January 2022 to 16th June 202 Currently vacant Treasurer Mr Keith Rothery who acted as the principal officer overseeing the day to day financial management and accounting for the circuit during the year. Independent Examiner Elaine Glover A.C.M.A. Haywood Accounting Solutions Ltd
4 Coppenhall Mews Coppenhall Staffordshire. ST18 9BA
Investment Bankers
Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes
Page 3
**CANNOCK CHASE METHODIST CIRCUIT**
## **Aims and organisation**
Charity objective is to act as a Resource provider within the area around the Cannock Chase 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 Benefit**
We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.
## **Structure, Governance and Management**
(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 Wolverhampton & Shrewsbury District and is also accountable to the Methodist Conference.
The following 18 Methodist Churches are linked to the circuit: Bethel, Bridgtown Brereton Burntwood
Cannock Wood Chasetown Handsacre Salem, Cheslyn Hay Trinity, Hednesford
Chadsmoor Chase Terrace Featherstone Great Wyrley Mill Street, Cannock Penkridge St Paul's, Rugeley St Stephen's, Cannock Trinity, Norton Canes Upper Landywood
Page 4
## **CANNOCK CHASE METHODIST CIRCUIT**
## **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 re-creation 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
- the safeguarding and protection of all children, young people and adults when they are vulnerable
- the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse.
- 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.
- 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.
- We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
- We will seek to challenge any abuse of power, especially by anyone in a position of trust.
- 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.
- In all these principles we will follow legislation, guidance and recognised good practice
The Cannock Chase 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 Cannock Chase 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 six months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on 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.
Page 5
## **Cannock Chase Methodist Circuit**
## **Circuit No 28/08**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2022**
|**Income**
1 Donations and legacies
4
2 Income from monetary investments
5
3 Income from investment properties
6
4 Assessments on Churches
7
5 Capital Receipts
6 Grants received
7 Other charitable income
**Expenditure**
9 Grants and donations
8
10 Salaries and associated costs
9
11 Property maintenance
12 Connexional assessment & model trust levy
13 District Assessment & Levy
10
14 Depreciation
15 Ofce expenses
11
16 Other outgoings
12
18 Gains/(losses) on monetary investments
19 Gains/(losses) on investment properties
21 Transfers between funds
22 Other gains/(losses)
24 Total funds brought forward
**25 Total funds carried forward**
**Notes to**
**the**
**accounts**
8**Total income**
17**Total charitable expenditure**
20**Net income/(expenditure)**
23**Net movement in funds**|£
£
£
£
£
£
£
179
**179**
**4,450**
**73**
**430**
83
**586**
**529**
10,209
**10,209**
**8,207**
300,630
**300,630**
**311,545**
**0**
**0**
**0**
**0**
350
**350**
**0**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total**
**2020-21**|
|---|---|
||**311,441**
**430**
**0**
**83**
**0**
**311,954**
**324,731**|
||200
**200**
**600**
208,660
**208,660**
**225,901**
40,269
**40,269**
**25,645**
**0**
**0**
61,407
2,350
**63,757**
**67,207**
**0**
**0**
4,655
**4,655**
**7,988**
13,831
268
**14,099**
**10,757**|
||**329,022**
**2,618**
**0**
**0**
**0**
**331,640**
**338,098**|
||0
0
**(17,581)**
**(2,188)**
**0**
**83**
**0**
**(19,686)**
**(13,367)**
0
0
**(17,581)**
**(2,188)**
**0**
**83**
**0**
**(19,686)**
**(13,367)**|
||702,278
94,005
0
38,244
0
834,527
847,894
**684,697**
**91,817**
**0**
**38,327**
**0**
**814,841**
**834,527**|
Page 6
**Err:509 Circuit**
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2016**
**----- Start of picture text -----**
General Fund Circuit Model Restricted Funds Endowment Totals this year Previous year
(Unrestricted) Trust Fund Funds
(Unrestricted) totals
£ £ £ £ £ £
Income
1 Assessment on Churches 0 #REF!
2 Capital Receipts 0 #REF!
3 Interest and Investment Income 0 #REF!
4 Grants received 0 #REF!
5 Lettings 0 #REF!
6 Event Income 0 #REF!
7 Internal Organisations 0 #REF!
8 Other Income 0 #REF!
9 0 #REF!
10 Total Income 0 0 0 0 0 #REF!
Expenditure on charitable activities
11 Stipends, salaries, NIC & Pension
costs 0 #REF!
12 District Assessment 0 #REF!
13 Methodist Church Fund 0 #REF!
14 Telephone & travel 0 #REF!
15 Insurance, utilities, etc 0 #REF!
16 Maintenance on manses 0 #REF!
17 Expenditure on other Circuit property 0 #REF!
18 Depreciation 0 #REF!
19 Provisions 0 #REF!
20 Other Expenditure 0 #REF!
21 Grants and Donations 0 #REF!
22 Contributions to District Advance
Fund 0 #REF!
23 Internal organisations 0 0
24 Total Resources Expended 0 0 0 0 0 #REF!
25 Net Incoming Resources 0 0 0 0 0 #REF!
26 Transfers between funds 0 0 0
27 Sub total 0 0 0 0 0 #REF!
28 Gains and losses on investment assets 287,000 287,000 #REF!
29 Net investment in funds 287,000 0 0 0 287,000 #REF!
30 Total funds brought forward 1,536,737 366 215,256 0 1,752,359 #REF!
31 Total funds carried forward at end
of year 1,823,737 366 215,256 0 2,039,359 #REF!
For information only Money received and passed on to External Organisations
Balance brought forward from last year
Offerings/Gifts - received for External Organisations 115 1784
Offerings/Gifts - passed to External Organisations 115 1784
Balance carried forward 0 0
**----- End of picture text -----**
Cannock Chase Methodist Circuit
**Circuit No 28/08**
## **Balance Sheet as at 31 August 2022**
**----- Start of picture text -----**
General Fund Circuit Model Designated Restricted Endowment Totals 2022 Totals 2021
(Unrestricted) Trusts Funds Funds Funds
Notes to the (Unrestricted) (Unrestricted)
Accounts £ £ £ £ £ £ £
Fixed Assets
Circuit Manses & Equipment 15 673,780 673,780 673,780
Investment properties 0 0
Investments 16 0 0
Total fixed assets 673,780 0 0 0 0 673,780 673,780
Current Assets
Debtors 17 16,914 16,914 18,473
Loans by the Circuit 0 0 0
Investments with TMCP 2,415 91,817 94,232 96,417
Central Finance Board Deposits
28,751 28,751 70,584
Cash at Bank and in hand 17 41,514 9,576 51,090 47,354
Total current assets 60,843 91,817 0 38,327 0 190,987 232,828
Current liabilities
Creditors (due in under 1 year) 18
49,926 49,926 72,081
Grants payable within 2021-22 0 0
Total current liabilities 49,926 0 0 0 0 49,926 72,081
Net current assets/liabilities 10,917 91,817 0 38,327 0 141,061 160,747
Total assets less current liabilities
684,697 91,817 0 38,327 0 814,841 834,527
Long term liabilities
(due after more than
Grants payable after 2021-22 0
Loans to the Circuit 20 0
0
Net assets 684,697 91,817 0 38,327 0 814,841 834,527
Funds of the Circuit
General Fund (Unrestricted) 21 684,697 684,697 702,278
Circuit Model Trust Fund (Unrestricted) 21
91,817 91,817 94,005
Designated Funds (Unrestricted) 0 0 0
Total Unrestricted Funds 776,514 796,283
Restricted Funds 21 38,327 38,327 38,244
Endowment Funds 0 0 0
Total Funds 684,697 91,817 0 38,327 0 814,841 834,527
**----- End of picture text -----**
Signed
Circuit Treasurer
Page 7
## **CANNOCK CHASE METHODIST CIRCUIT**
## **Notes to the Accounts**
## **1 Basis of accounting**
The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 version of A Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordanc Charities SORP (FRS102) and taking note of the Update Bulletin 1 issued in 2016.
## **2 Funds**
The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Mo purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narro also the following Endowment funds as listed. Details of each material fund are disclosed in the final note to these be represented by more than just cash.
## **3 Accounting policies**
## **Basis**
**These** These accounts have been prepared on the basis of historical cost except that investments are shown at their mark **accounts have been prepared on the basis of historical cost except that investm** year, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities.
## **Income Recognition**
Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resource reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliabil
## **Resources Expended**
This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being u recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or construc 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 ac 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**
These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2015 deemed values. No depreciation is provided on the buildin consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its year-end) to be not less than its current value. Any depreciation would not be material. The property has been revi
## **Investment Properties**
Investment properties - no property is currently deemed to not be held for the long term purposes of the charity.
## **Investments**
Investments are valued in the balance sheet at market value at the year end. Investment income is included in the and any gains or losses on revaluation at the year end are shown in the SOFA.
## **Debtors and Prepayments**
Debtors relate to the payment of the September stipend in August.
## **Creditors**
Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.
Page 8
Accounting and Reporting by ce with FRS102 – the
del Trust Fund has wide ower purpose . There are accounts. Any funds may
**ents are shown at** ket value at the end of the
es, and the trustees are ity.
unavoidable. Liabilities are ctive obligation committing
ccepts that there is a legal
gs because the trustees s useful economic life by the ewed for impairment.
e accounts when receivable
## **CANNOCK CHASE METHODIST CIRCUIT**
|**4. Donations and legacies**|**Unrestricted**|**Circuit Model**
**Trust Fund**|**Restricted**
|**2022**
**Total**|
|---|---|---|---|---|
||**£**||**£**|**£**|
|Donations|179|||**179**|
|Legacies|0|||**0**|
|**Total**|**179**|**0**|**0**|**179**|
|**5. Investment income**|**Unrestricted**|**Circuit Model**
**Trust Fund**|**Restricted**
|**2022**
**Total**|
||**£ **|**Unrestricted**|**£**|**£**|
|Central Finance Board|62||83|**145**|
|TMCP|11|430||**441**|
|Other|0|||**0**|
|**Total**|**73**|**430**|**83**|**586**|
|||||**2022**|
|**6. Income from investment**|**properties.**|||**Total**|
|||||**£**|
|Rent received from the letting|of the empty manse at 53 Dundalk Lane|||**10,209**|
|||||**2022**|
|**7. Assessments**||||**Total**|
|||||**£**|
|Bethel, Bridgtown||||**5,800**|
|Bourne||||**3,710**|
|Brereton||||**7,040**|
|Burntwood||||**23,680**|
|Cannock Wood||||**4,520**|
|Chadsmoor||||**29,160**|
|Chase Terrace||||**6,660**|
|Chasetown||||**23,600**|
|Featherstone||||**7,520**|
|Florence Street||||**100**|
|Great Wyrley||||**15,440**|
|Handsacre||||**9,360**|
|Mill Street||||**5,450**|
|Penkridge||||**28,340**|
|Salem, Cheslyn Hay||||**25,980**|
|St. Paul's||||**29,600**|
|St. Stephen's||||**34,060**|
|Trinity, Hednesford||||**24,040**|
|Trinity, Norton Canes||||**11,200**|
|Upper Landywood||||**5,370**|
|**Total**||||**300,630**|
Page 9
## **2021 Total £**
4,450 **4,450**
**2021 Total £** 40 412 77 **529**
**2021 Total £** 8,207
**2021 Total £** 5,800 8,130 7,040 23,680 4,520 29,160 6,640 23,600 7,520 5,915 15,440 9,360 4,360 28,340 25,980 29,600 34,060 24,040 11,200 7,160 **311,545**
## **CANNOCK CHASE METHODIST CIRCUIT**
|**8. Grants and Donations**|**Unrestricted**|**Circuit Model**
**Trust Fund**|**Restricted**
|**2022**
**Total**|
|---|---|---|---|---|
||**£**||**£**|**£**|
|Tear Fund|200|||**200**|
|Handsacre||||**0**|
|Methodist Homes|0|||**0**|
|**Total**|**200**|**0**|**0**|**200**|
|||||**2022**|
|**9. Salaries & associated costs**||||**Total**|
|||||**£**|
|Ministers - Stipends||||**133,221**|
|Pension Contribution||||**34,733**|
|National Insurance||||**12,492**|
|LayWorkers - Wages||||**28,214**|
|**Total**||||**208,660**|
|**Average number of staf employed during the year were:**||||10|
|||||**2022**|
|**10. District Assessment & Levy**||||**Total**|
|||||**£**|
|Wolverhampton & Shrewsbury District||||**60,051**|
|URC Assessment||||**2,350**|
|District Advance Fund||||**1,356**|
|**Total**||||**63,757**|
|||||**2022**|
|**11. Ofce Expenses**||||**Total**|
|||||**£**|
|Telephone and Internet||||**3,583**|
|Printing,Postage and Stationery||||**1,072**|
|||||**4,655**|
|||||**2022**|
|**12 Other outgoings**||||**Total**|
|||||**£**|
|Travel Expenses - Ministers||||**3,914**|
|Travel Expenses - Lay Workers||||**553**|
|Supernumerary Preaching Allowances||||**1,247**|
|Removal Expenses||||**0**|
|Quinquennial Inspections||||**5,352**|
|Miscellaneous||||**3,033**|
|||||**14,099**|
Page 10
**2021 Total £** 0 500 100 **600**
**2021 Total £** 131,688 34,330 12,006 47,877 **225,901**
8
**2021 Total £** 60,520 2,800 3,887 **67,207**
**2021 Total £** 3,695 4,293 **7,988**
**2021 Total £** 1,662 1,981 225 0 5,472 1,417 **10,757**
**CANNOCK CHASE METHODIST CIRCUIT**
## **13. Payment to Trustees**
Payments made to trustees for additional services provided to the Circuit by agreement £ with the Circuit Meeting
Number of trustees who were paid expenses
Nature of the expenses
Expense payments primarily relate to reimbursement for travel and computing costs
Total amount paid £
## **14. Fees for examination or audit of the accounts**
Independent examiner’s or auditors' fees for reporting on the accounts £
Other fees (e.g.: advice, accountancy services) paid to the independent examiner or £ auditor
Page 11
**----- Start of picture text -----**
This year Last year
None None
6 6
553 1,981
235 235
0 0
**----- End of picture text -----**
## **CANNOCK CHASE METHODIST CIRCUIT**
## **15 Tangible Fixed Assets**
## Detail of assets held,
State number of manses, specifically reference other buildings managed by the circuit and separat investment property.
Provided summary information in respect of other categories and specific reference should be mad construction.
## Cost or valuation
**----- Start of picture text -----**
Other fixed
assets
including Fixtures,
Residential Other motor fittings and
Land Other Land Six Manses buildings vehicles equipment
£ £ £ £ £ £
Balance brought forward 673,780 0
Additions
Revaluations (+/-)
Disposals (-)
Transfers * (+/-)
Balance carried forward 0 0 673,780 0 0 0
Accumulated depreciation
**Basis SL or RB SL or RB SL or RB SL or RB
** Rate
Balance brought forward
Depreciation charge for year (-)
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried forward 0 0 0 0 0 0
Net book value
Brought forward - - 673,780 - - -
Carried forward - - 673,780 - - -
**----- End of picture text -----**
* The "transfers" row is for movements between fixed asset categories.
** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the straight line, depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is m
Page 12
tely identify property treated as
e in respect of any assets under
**----- Start of picture text -----**
Payments on
account and
assets under
construction Total
£ £
673,780
0
0
0
0
0 673,780
0
0
0
0
0
0 0
**----- End of picture text -----**
- 673,780 - 673,780
rate of depreciation.. for
ade each year.
## **CANNOCK CHASE METHODIST CIRCUIT**
## **16 Investments** _**NONE**_
The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMC Interest Funds on which interest is credited to the accounts each month. These are regar and long term investments.
TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, inclu Endowments and Accumulated Funds. Trust property is held for and on behalf of local Ma who are responsible for the day to day management of trust property. TMCP ensure that, providing guidance and acting under their direction, the Managing Trustees comply with c Methodist law and polity as determined by the Methodist Conference.
## **Analysis of investment movements**
**----- Start of picture text -----**
This year
Investments listed on a recognised Stock Exchange
Investments held in common investment funds,
Securities not listed on a recognised Stock Exchange
Other investments
Total 0
Change in investment values
Carrying (market) value at beginning of year
Add: additions to investments at cost
Less: disposals at carrying value
N et gain/(loss) on revaluation
Carrying (market) value at end of year 0
**----- End of picture text -----**
Page 13
CP in Trustees rded as medium
uding Legacies, anaging Trustees through charity law and
**Last Year**
0
0 0 0 0
**CANNOCK CHASE METHODIST CIRCUIT**
## **17. Analysis of current assets**
## **Debtors and prepayments**
Pre paid Stipends
Accrued income
Other debtors
## **Total debtors and prepayments**
## **Analysis of cash at bank**
Bank balance held in HSBC Bank plc
Bank balance held in Methodist Chapel Aid
Bank balance held in (Name of bank)
## **Total Cash and Bank**
## **18. Analysis of current liabilities and long term creditors**
Trade Creditors
Other Creditors (Assessments received in advance)
## **Total Current Liabilities**
£ £ £
## **19. Capital Commitments and Contingent Liabilities**
At the 31st August 2022 the Circuit has no capital commitments.
No Contingent liabilities were identified at 31st August 2022.
Page 14
## **This year Last year**
**----- Start of picture text -----**
£ £
10,991 14,931
5,923 3,542
16,914 18,473
**----- End of picture text -----**
**----- Start of picture text -----**
51,090 47,354
0 0
51,090 47,354
**----- End of picture text -----**
**----- Start of picture text -----**
6,956 11,046
42,970 61,035
49,926 72,081
**----- End of picture text -----**
## **CANNOCK CHASE METHODIST CIRCUIT**
## **20. Loans**
## _**NONE**_
**----- Start of picture text -----**
Source Purpose of loan Amount New Loan
brought borrowings interest
forward
0
Totals
0 0 0
Repayment due
Due within 12 months 31/08/2023
Due between 1 and 5 years 31/08/2024 31/08/2025 31/08/2026 31/08/2027
Due later than 5 years
Note: the two totals X and Y must agree
**----- End of picture text -----**
Page 15
**----- Start of picture text -----**
Repayable in Balance at
the year year end
0
0
0
0
0 0 X
**----- End of picture text -----**
**----- Start of picture text -----**
Totals
0
0
0 Y
**----- End of picture text -----**
## **CANNOCK CHASE METHODIST CIRCUIT**
## **21. Detailed analysis of individual fund movements**
## **Unrestricted Funds**
**----- Start of picture text -----**
Unrestricted Fund Name Opening Income Expenditure Transfers Closing Balance Purpose
Balance
General 702,278 311,441 329,022 684,697
Circuit Advance Fund 94,005 430 2,618 91,817
0
Totals 796,283 311,871 331,640 0 776,514
Restricted Funds
Restricted Fund Name Opening Income Expenditure Transfers Closing Balance Purpose
Balance
Running Expenses 28,578 62 28,640 For reserve policy
Mission & Outreach 5,960 13 5,973
Education Fund 3,706 8 3,714
0
0
Totals 38,244 83 0 0 38,327
Endowment Name How the capital is invested The current value of the Annual income
capital
Totals 0
0
**----- End of picture text -----**
The reasons for the transfers between funds were as follows:
To replace funds expended on major repairs and refurbishment of three manses over the last two years
Page 16
## **of the fund**
## **of the fund**
**What the income was used for**
## **CANNOCK CHASE METHODIST CIRCUIT**
## **DECLARATIONS**
## **Treasurer**
I confirm that these accrual based accounts for the year ended 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
Name of Treasurer
Date 08 December 2022 Keith Rothery
Address
64 Thorpe Street, Burntwood, Staffordshire. WS7 1NJ
## **Presentation to the Circuit Meeting for approval.**
I confirm that the annual report and accounts for the year ended 31 August 2022 were presented to the Circuit Meeting at its meeting on 15th December 2022
and were approved.
Signature of the Chair of the meeting Name of the Chair of the **Revd Nigel Young** meeting Date ###
___________________________________________________________________________
## **Independent Examiner’s Report to the Trustees of the**
## **CANNOCK CHASE METHODIST CIRCUIT**
This Report is on the Circuit Accounts for the year ended 31[st] August 2022
## **Respective responsibilities of Trustees and Examiner**
The Circuit's trustees are responsible for ensuring that the annual report and accounts for the year to 31st August 2022 present a true and fair view of the Circuit's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity
- Commission under Section 145(5)(b) of the Charities act; and
- to state whether particular matters have come to my attention.
Page 17
## **CANNOCK CHASE METHODIST CIRCUIT**
## **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, in nature or scale, or disclosures in the accounts, seeking explanations from the Trustees concerning 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. My 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 (other than as disclosed below*)
(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.
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
(3) 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, via sight of bank statements and fund statements.
Name of independent Elaine Glover examiner Signature of independent examiner Relevant Professional qualification of independent examiner A.C.M.A Name of firm (where appropriate) Haywood Accounting Solutions Ltd Address 4 Coppenhall Mews, Coppenhall, Staffordshire. ST18 9BA Date
Page 18