## ## ## ## ## ## ## ## ## ## ## ## ## ## 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 Re￿rtIr& 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 follo￿n9 links.. https.'IlvNM.gov.ukJgoVemmenVpubli¢alion9Jthe￿sSenlIa1-IruSte￿￿what-you-nee￿-1o-kno￿-¢¢31th￿sSentia1- IwSte￿WhaI-yoU-nee￿l￿kn0W-¥kn8t-you-n￿ed-tO￿o & 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 Con￿xI1)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 C118rit￿s 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 CirCu￿S activitigs would soon be comSng lo an end. As Tt tumed cth, that hope was a fa18e ono. Legal ￿$bIctionS were r&imws&1 then replacod a confusing urge to Despite Ihks. during the year 2020r21 Shropshlre and Marches h88 conllnuad to bè Ihe largest Circuit wilhThi the Wolverhampton and Shrewsbury District. Support forthe churche8 that make up the Circuit has been maintsined by a staff team of prgsbytors 8nd1oy employees. The leadership tsarn whiGh foms the Executive Committè& consists of th8 Superfntendent, Clrcult Treasurer and Circuit Property Sewtary In addih.on to presbyteral and lay appointees chosen to T8p￿Seftt the diveyslty of the Circuit. A tsam of Circuit Stfjward$ ha$ played a vitsl part in the cl￿11 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| |13|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| ## ##