2021-08-31-accounts - Shropshire & Marches Methodist Circuit

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SHROPSHIRE & MARCHES METHODIST CIRCUIT ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2021 REPORT OF THE TRUSTEES The trustees present their annLJal report and financial slaternents forth8 charlty for the year ended 31st August 2021. The finanaal ststemgnts hav$ been prepared In accordance with tho a¢¢ounlng policies set OLrt in notè 1 to thè 8ccounl$ and ex>mply with the charity's trust deed. the Charities A¢1 2011 and "Accounting and R8porbrffJ by Charitio5'. Ststsrnont of Recommended Practice applicabl8 to charilva8 t)fgp8ring thelr accounts in accordance %Mth the Financial RertIr& Slandar(J appll¢able In the UK and Republic of Ireland IFRS1021" (as amended for accountiro periods commencing from 1 January 20191. VERNANCE AND MA EME Shrop8hire & March88 Melhodi$t Clrcult Is an unincorporated charity. registered wth Ihe Charfty Commission. Twstees are nol'recruil&Y' in the 9ongr8lly accepted sense. They are appobnled lo the ClrGuil Meettng in accordanc8 the requirements set down In tha C P D. These indude th8 basis on vdhich each Church is fepfesented at the Circuf( Meeting. Whilst no fomal training is in place the responsibili1185 of Trustees undertaki the role Is communicated to them whgn they are first appointed. They have 8¢¢ess to Th8 Mgthodist Church bsits via https..Il.M$thodIS1.Org.uk1for-chUrtheSloffiCe-holder8IrnanagIng-trU8l¢&s. This site is updatsd regularty. In addibon Trustees are able to WOW Varfous Charity Comrnis&on docwnerts through the follon9 links.. https.'IlvNM.gov.ukJgoVemmenVpubli¢alion9JthesSenlIa1-IruStewhat-you-nee-1o-kno-¢¢31thsSentia1- IwSteWhaI-yoU-neelkn0W-¥kn8t-you-ned-tOo & h¢tpsJlwww.charitygovem8n¢e¢ocle.orgl¢n THE The purp)ses ofthe Methodlsl Church are and shall be deemed lo hava bè8n SIn the date of unic the advancement of- al the Christian faith in accord8n¢o wlh the dc¢trinal stsndards and Ihe dlsdpllne ofthe Melhodlst Chur¢h', Ibl any charitable purpose for the time being of any ConxI1)n81. dSstrict. circuiL Ic¢aS or otheT Ofgani88tK)n of the Methodlsl Chufch ', any charitable purp08e forthe tSme being of any soci8ty or insthudon subsldlary or anclllaryto th8 Methodist Church ', any purpose for the time b&lng of any charity being a charity 8ubsidiary or anclllary to the Methc#JiBt Church Icl REVIEW TIVITIE In designing and monitoring tho C118rits aetiniitEs. the Trustees h8vè paid due r8gard lo the Charity Commi56iOn'S guid8n¢è on public benefrt. The review of activities in the follo¥ng sectlons demonstrates how the Charity ha$ provlded beneffil directty lo the individual churches in the Circuit and thereby to th8 congregations of those churches and other 8ections ofthe ¢ommunlty in the area. This has b98n a most ¢halleThJing year which began with the hopg Ih31 the worst effe¢ts of the COVID-19 pandemlc w8r8 at an end and an 8xpa¢tstion that restrictions on the CirCuS activitigs would soon be comSng lo an end. As Tt tumed cth, that hope was a fa18e ono. Legal $bIctionS were r&imws&1 then replacod a confusing urge to Despite Ihks. during the year 2020r21 Shropshlre and Marches h88 conllnuad to bè Ihe largest Circuit wilhThi the Wolverhampton and Shrewsbury District. Support forthe churche8 that make up the Circuit has been maintsined by a staff team of prgsbytors 8nd1oy employees. The leadership tsarn whiGh foms the Executive Committè& consists of th8 Superfntendent, Clrcult Treasurer and Circuit Property Sewtary In addih.on to presbyteral and lay appointees chosen to T8pSeftt the diveyslty of the Circuit. A tsam of Circuit Stfjward$ ha$ played a vitsl part in the cl11 Leadership, especially in 1gsp8¢t of overseeiThJ the station11 procass and Gare for the Circuit Man889.

			Nota	General Fund	Circuit Model
				(Unrestricted)	Trust Fund	Restricted	Endowment	Totals this	Totals
					(Unrestricted)	Funds	Funds	year	2020
					8	6	8	2	2
Income and endowments
Assessment or share				464,324				464,324	465,520
Capital receipts				826	63,129			63,955	571,018
Interest and Investment		Income		1,887	1,521		53	3,461	9442
Grants				10,430				10,430	14,514
Letting s				14,498				14,498	14,349
Other Income				21,760	94,924			116,684	20,683
Total Income				513725	159574		53	673,352	1,095,526
E enditure
Ex nditure on charitable		activities
Stipends, salaries,	NIC &
Pension costs				436848				436,848	392,658
District assessment				108,150				108,150	109,511
Admin, Telephone	&Travel			31,698	1,405			33,109	43,599
Insurance, Utilities	etc			31,090				31,090	27,452
Maintenance on Manses				46,119				46,119	6,378
Expenditure on other Circuit
property				8,412				8,412	10,492
Other expenditure				19,579			47	19,626	15,046
Grants and Donations			10	6,375	24,430			30805	201,495
Contribution to District Advance
Fund					43,950			43,950	26,423
Governance costs				5,000				5,000	5,000
Total Ex nditure				693,271	69785		53	763109	838054
Net incomel ex	nditure			179,546	89,789			89757	257 4'72
Transfers between	funds			454,106	454,106
Property cost movement			14	20,000				20000	235,000
Property value movement			13,14,17	157,000				157,000	70,000
Gains &losses on	investments
(Unrealised)				14,061	1,117		526	15704	4,300
Net Movement In	funds			465,621	363200		526	102,947	43,228
Reconciliation of	Funds
Total funds brought	forward			2,999944	703,105		2,865	3,705,914	3,749,142
Total funds carried forward
at end of ar				3,465565	339,905		3,391	3808 861	3,705,914

			Note	General Fund	Circuit Model
				(Unrestricted)	Trust Fund		Restricted	Endowment	Totals
					(Unrestricted	I	Funds	Funds	2020
					8		8	8	8
Income and endowments
Assessment orshare				465,520					465,520
Capital receipts				5078	565,940				571,018
Interest and investment		Income		4,799	4,585			58	9,442
Grants				14,514					14,514
Lettings				14,349					14,349
Other Income				20,683					20,683
Total Income				524943	570,525			58	1,095,526
Ex enditure
E nditure on charitable		activities
Stipends, salaries,	NIC &
Pension costs				392,658					392,658
District assessment				109,511					109,511
Admin, Telephone	8 Travel			42,655	938				43,599
Insurance, Utilities	etc			27452					27,452
Maintenance on Manses				6,378					6,378
Expenditure on other Circuit
property				10,492					10,492
Other expenditure				14,994				52	15,046
Grants and Donations			10	6,000	195,495				201,495
Contribution to District Advance
Fund					26,423				26,423
Governance costs				5,000					5,000
Total Ex enditure				615140	222 856			58	838054
Net incomel e enditure				90 197	347,669				257472
Transfers between	funds			113,783	113,783
Property cost movement			17	235,000					235,000
Property value movement			13,14,17	70,000					70,000
Gains &losses on	investments
(Unrealised)				4,460	109			51	4,300
Net Movement In	funds			276,954	233777			51	43,228
Reconciliation of	Funds
Total funds brought	forward			3,276 898	469,328			2,916	3,749,142
Total funds carried forward
at end of ar				2,aaa a44	703,10s			2865	3705,914

			General Fund	Circus Madel	Circus Madel	Other	Endowment
		Note	(Unrestricted)	TrustFund		Funds	Funds		Tolab				Totals
			a	(unresutcled) t		(Restricted) s			alla year a				Saso 6
Fixed Assets
Menses elc		13	2.351792							1	792	2067000
Menses held as invesenent		14	390000							3 0.000			370,000
Investments		15	41 14				3391			52	105
Total Fared Assets			2783 06	7			3	1	2.793			2A73AOO
Currera Assets
Debtors and Prepayments		16	40112							40	112		36597
Central Finance Board and
Trustees for Methodist Church
Purposes deposits etc				332705								1,255,673
Properties held for sale		17								202	000
Cash at Bank and in hand			17289							17	89		8779
Total Currant Assets			786,021	3327D5					1	'l18	726
LiabOMes
Creditors fshin due whhin cne	r	15	103,762							103,762			113536
Mal Cunant Annals			682,259	332,705					1.014964			1		13
Total assets less
current liabilities			3465565	339	D5		3	1	3	8	61	3 05		4
Funds ofthe chart
General Fund (Unrestricted)		19	3465565						3465		565	2	999944
Circuit Model Trust Fund (Unrestricted)		19								339905			703105
Other hmds (Restdcted)		19
Endowment Funds		19					3391			3	91
Total Funds							3	1	3		1	3705		14
The accounts on Pages 13to 24	were	approved	by the Board	cfTruslees	and	wgned on their	behalf by.

				Note	2021	2020
Net cash	(used) Igenerated in operating		activities	20	225,886	575,291
Cash flows frominvestin		activities:
Interest and dividends					3,461	9,442
Receipts	from sale oftangible fixed assets				63,955	571,018
Payments	from purchase of	tangible fixed assets			(284,792)
Net cash	provided by investing activities				(217,376)	580,460
Change	in cash and cash	equivalents in	the year		8,510	5,168
Cash and	cash equivalents	brought forward			8,779	3,609
Cash and cash equivalents		carried forward			17289	8,779

								Unrestricted	Circuit	Model	Restricted	Restricted	2021	2920
8	Ex nditure on other Circuit Pro							f	Trust Fund f		f		Totalf	Totalf
	Unoccupied Menses held		for	sale	or		sold							1,772
	Other Manses either unoccupied				or 1st			1,090					1,090	3,048
	Churches closed and awaiting			sale		or sold		4,832					4,832	334
	Cleobury Mortimer Methodist Other			Church			premises	690 1,800					690 1,800	2,718 2,620
								8,412					8,412	10,492
													2021	2020
9	Q~hr x ~nl gre							Unrestricted f	CMTF		Endowment f		Total f	Totalf
	Presbyteral disturbance	allowances						600					600	1,800
	Removal costs							4,214					4,214	1,125
	Supernumerary Ministers'		Fees					225					225	1,575
	Churches for office accommodation							1,020					1,020	1,560
	Worship Materials							3,417					3,417	2,319
	Purchase of Manse in Craven			Arms										864
	Costs relating to rental of		Cion properly					7,383					7,383	2,169
	ZOOM facility and related		costs					1,797					1,797	1,734
	Other							923				47	970	1,900
								19,579				47	19,626	15046
10	Grants and Donations								Unrestricted		Circuit	Model	2021	2020
									f		Trust Fund f		Totalf	Totalf
	Churches
	Wem											600	600
	Moors											1,205	1,205
	Tenbury Wells													2,000
	Pontesbury													2,625
	Craven Arms													1,000
	Wyson													2,250
	North Area Churches -'Tiny			Church			Project'							1,500
	Connexional levy &Grants repaid
	Bishops Castle										12,625		12,625
	Hyssington Chapel													10,256
	Ellesmere Manse													75,941
	Church Stretton Manse													89,923
	District Agricultural Chaplain St. Mary's Youth Project, Cleobury					Mortimer **			6,000		10,000		10,000 6,000	10,000 6,000
	Herefordshire Churches	Together								375			375
									6,375		24,430		30805	201 495

		Support	Governance	2021	2020	Basis ofallocation
Auditors	remuneration		5,000	5,000	5,000	Governance
			5,000	5000	5000

					2021	2020
Number ofTrustees who		were paid	expenses excluding	Presbyters	4	9
and employed	lay staff
					2021	2020
Nature ofthe	expenses				2
Supernumerary	Fees and	Travel expenses			67	1,141
Lay Travel and expenses		excluding	costs reimbursed		197	572
Total amount	paid				264	1,713

Tan ibis Fixed	Assets			2021	2020
				f	6
Costlvatuation
Balance brought	forward			2,067,000	2,257,000
Additions				284,792
Transfem to /from properties			held for sale
Transfer from Investment		properties
Disposals					(190,000)
Balance carried	forward			2,351,792	2,067,000

~lt
		2021	2020
			6
Balance brought	forward	370,000	250,000
Additions			110,000
Revaluations		20,000	10,000
Balance carried	forward	390,000	370,000

		Listed	Unlisted
		investments	investments	Total
		6	6	6
Market value
Balance brought	forward	26,755	9,645	36,400
Add net gain on	revaluation	13,948	1,757	15,705
Balance carried	forward	40703	11402	52,105
Net book value
31August 2021		40,703	11,402	52 105
31August 2020		26755	9645	36,400

Analysis	ofmovements	in	unrestricted fu	nds
			Balance	Income	Expenditure	Transfers	Gains and	Fund
			bNwdf	f	f		losses E	cffwdf
General			2,999,944	513,725	(693,271)	454,106	191,061	3,465,565
CMTF			703,105	159,574	(69,785)	(454,106)	1,117	339,905
			3703,049	673,299	763,056		192,178	3,805,470
Analysis	ofmovements	in	unrestricted funds - previous		year
			Balance	Income	Expenditure	Transfers	Gains and	Fund
			bNwdf	f	f	f	losses f	cffwd E
General			3,276,898	524,943	(615,140)	113,783	(300,540)	2,999,944
CMTF			469,328	570,525	(222,856)	(113,783)	(109)	703,105
			3,746,226	1,095,468	837,996		300,649	3,703,049

Reconciliation ofnet mov	eme	nts in fun	ds tocash	flow fro	m operating	activities
					2021	2020
Net movement in funds					102,947	(43,228)
Deduct interest income shown		in investing	activities		(3,461)	(9,442)
Deduct receipts from sale oftangible fixed			assets		(63,955)	(571,018)
Loss / (Gain) on revaluation	of	properties			(20,000)	235,000
Decrease (increase) in debtors					(3,515)	(2,955)
Increase (decrease) in creditors					(9,774)	5,312
Loss / (Gain) on revaluation	offixed asset		investment	propertii	(157,000)	70,000
Loss / (Gain) on revaluation	offixed asset		investments		(15,704)	(4,300)
(Gain) / Loss on revaluation	ofcurrent asset investments				396,348	(254,660)
					225,886	575291