2022-08-31-accounts - Shropshire & Marches Methodist Circuit

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SHROPSHIRE & MARCHES METHODIST CIRCUIT ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022 PORT OF THE TRUSTEE The Irustees psent thelr annual report and financial ststernents forthe charity forthe year ended 31st August 2022. The financial slatsmenls have been pTpad in accordance with thè aecounting polic set out in note 1 to Ihe accounts and comply with the charity's trust deed, the Charities Act 2011 and"ALtounting and Reporting by Charities,. Slalement of Re¢ommended Practice applicable to chaiities Prepari[ thoir accounts in a¢cord8n¢è vAth the Financi81 Rtrporting Standard appli¢8b]È ti) the UK and Republic of Ireland IFRS102) las amended for accounting periods commencing from 1 J8nuary 20191- STRUCTURE GOVERNANCE Shropshirn & Marches Methodist Circuit is an unincorporatsd ¢hailty, r8glstergd wilh the Charity Comrri&slDn. Trustees ale not'ro¢ruited' in the generally accepted sgn$e. They are appointed to the Circuil Meeting in ac£oryJan¢e wlh th8 WUiTemenls set in the C P D. These include the bass on ¥¥hich each Church is represented at the circu Meeting. Whilst no fonnal training is in place the r6sponsbilitles of Trusleeg und8rtaklng the role is communiGaled lo them %then they 8r8 f6rst appointed. They have access to The Methodist Church website via https:IlwvM.methodist.org.ukJfor-¢hur¢hesloffice-holderslman8ging-Iwstees. ThL8 18 is updated re9ulady. In addilion,Trustees are able to view various Charfty Commlssion documents through the followlng links-. https:1/YW.gQv.uk1g0VemMenupuNlC8OnSIth&-èSSentia1-tstsè-Wha1-yoU-nèed-tO-kn0W-Cc3Ith9-e$¥enI181- twstewhat-you-need-lTrknow-wh81.y(yJ-need-tfrdo & hty:IltrYww.¢haritygovemaèc0iIe.0ran S OF THE CHARITY The purposes of the Methodist Church are and sh811 be deemed to have been sin¢e the dat8 of Union the advancèment of- {al {bl the Christian fafth In accordanGe wlh the doctsin81 Standards and the discipl1r ofthe Methodlst Church. any ¢harit8ble purpose for the lime being of any Connexional, district. clr¢uil, lo¢al or other organis8tion of th8 Methodist Church - any ch8rilabl? purpw for the tim6 Wng of any society or institution subsldlary or ancillaryto the Methodist Church . any purposÈ for the time bg'ng of any charity being a charity 8ub8idiary or an¢illary to the Methodist Church {cl {dl REVIEW OF ACTIVITI In designing and monitoring the Charitys oGfjvth¢s, the Trustees have paid du8 regard to the Charity Commlssion's guidance on public benefft. The review of activities in the followirvJ sections demonstr$ how the Charity h8$ prowdèd b8nèfft dlr8ctly to the individual cJ)urches in the Circuit and thereby lo the congregations of those churches ond other sections of the COTnmunity In the area. Rèvlew 2021122 has been a very ¢hall8nging year for the Shrop5hire and Marc$ Ciratil vthl¢h remains the largest Circuit in the Wolvethampton and Shrewsbury Di81wict. Many churches have f¢)und that thelr coThJregalions havè not retumed to prwandemic levels. This may be a resuvt of an extended change In habits or perhaps continued caulion on the part of somè. It may simply refl th8 age profile of our churctte8. Whatsver the cause. it is a 80UTce of concem. The local chur¢hè$ ¢¢mtinue to provide progr8Nno$ ofworship, pastor81 car8 and communty involvem8rt under the leadership of MlnisteTr, lay employoes and Ioc81 Church TnJslg9$. Thèr8 were no wgnificanl chang¢$ in stsffing during 2021r22. Th8 Clrcult churches continu8 to b& ¥upported by a team of paid Stsff both lay Bnd ordained and by a muth larger number of voluntary workers. We were deJighte(l that

				Note	General Fund	Circuit Model
					(Unrestricted)	Trust Fund	Restricted	Endowment	Totals this	Totals
						(Unrestricted)	Funds	Funds	year	2021
						8			8
Income and endowments
Assessment or share					449,298				449,298	464,324
Capital receipts					6,374	336,174			342,548	63,955
Interest and Investment		Income			2,834	2,179		82	5,095	3,451
Grants					4,642				4,642	10,430
Lettings					14,976				14,976	14,496
Other Income					24,066	5,000			29,066	116,684
Total Income					502,190	343,353		82	845,625	673,352
Ex enditure
Ex nditure on charitable			activities
Stipends, salaries,	NIC &
Pension costs					419,300				419,300	436,848
Distdct assessment					106,596				106,596	108,150
Admin, Telephone	&Travel				36,495			10	37,474	33,109
Insurance, Utilities	etc				32,907				32907	31,090
Maintenance on Menses					41,417				41,417	46,119
Expenditure on other Circuit
property Other expenditure					12,267 8,173			72	12,267 8,245	8,412 19,626
Grants and Donations				10	6,375	71,888			78,263	30,805
Contribution to District Advanos
Fund						16,743			16,743	43,950
Governance costs					5,340				5,340	5,000
Total Ex enditure					668870	89,600		82	758,552	783,109
Netincomel ex enditure					166,680	253,753		0	87,073	89,757
Transfers between	funds				174,990	174,990
Property cost movement				14						20,000
Property value movement				13,14,17	254,000				254,000	157,000
Gains &losses on	investments
(Unrealised)					9,587	452		213	10,252	15,704
Net Movement in	funds				252 723	78,311		213	330,821	102,947
Reconciliation of	Funds
Total funds brought	forward				3,465,565	339,905		3,391	3,808,861	3,705,914
Total funds carried forward
at end of ar					3,718,288	418,216		3,178	4,139,682	3,808,861

			Note	General Fund	Circuit Model
				(Unrestricted)	Trust Fund	Restricted	Endowment	Totals
					(Unrestricted)	Funds	Funds	2C21
					E	6	8
Income and endowments
Assessment or share				464,324				464,324
Capital receipts				826	63,129			63,955
Interest and Investment		Income		1,887	1,521		53	3,461
Grants				10,430				10,430
Lettings				14,498				14,498
Other Income				21,760	94,924			116,684
Total Income				513725	159,574		53	673352
Ex enditure
Ex enditure on charitable		activities
Stipends, salaries,	NIC &
Pension costs				436,848				436,848
District assessmsnt				108,150				108,150
Admin, Telephone	&Travel			31,698	1,405			33,109
Insurance, Utilities	etc			31,090				31,090
Maintenance on Menses				46,119				46,119
Expenditure on other Circuit
property				8,412				8,412
Other expenditure				19,579			47	19,626
Grants and Donations			10	6,375	24430			30,805
Contribution to District Advance
Fund					43,950			43,950
Governance costs				5,000				5,000
Total Ex nditure				693,271	897SS		53	763,109
Net incomel ex	nditure			179,546	89 789			89,7S7
Transfers between	funds			454,106	454,106
Property cost movement			17	20,000				20,000
Property value movement			13,14,17	157,000				157,000
Gains &losses on	investments
(Unrealised)				14,061	1,117		526	15,704
Net Movement in	funds			465,621	363,200		526	102947
Reconciliation of	Funds
Total funds brought	forward			2,999,944	703,105		2,865	3,705,914
Total funds carried forward
at end of ar				3,465,565	339,905		3,391	3,808,861

			General Fund	Circog	glodel	Clhsr	dndcwment
		Note	(Unresrdcted)	Tcclst	Fcccld	Fcclcds	Funds	Tcmds		Totals
				(unresatcsrd)		(Bestrfcled)		this ycucr		2021
						K		9		2
Fixed Assets
Menses etc		13	2351 792					2,351.792	2,351,792
Menses held as investment		14	410,000					410000		390,000
Investments Total FixecfAssets			31,g28 2793720		6.748 6.74$		3.1yf	41,852	52,105 2.793dtgy
Current Assels
Debtors and Prepayments			40,656							40,112
Central Finance Board and
Trustees for Methodist Church
Purposes deposits etc			552ctt7	411.468				963.986		859.325
Properhes held fcrsale Cash at Bank snd in hand		17	436,000					438,000		202,000 17
Total Current Assets			1,029,177	411A88				1/40,648	1,118,726
Liabggios
Cred gum fagi due within one	r	18	t04Ai08					104.608		1 762
Net Cunent Assets			924M9	411			1	13380381.014,984
Total assets less
eunant liabilities			3718 88	418216			178	4139682	3 361
Funds ofthe charlt
General Fund (Unrestricted) Cirmdt Model Trust Fund (Unmslrictsd)		19 19	3718288	418,216				3718288 418216	3	5565
Olher funds (Restricted) Endowment Funds TotelFunds		19 19	3.718,288	41	1$		3.178 3178	3,178 4,139,$82	3391 308 1
Ths accounts on Pages 13to 24 Rev H ioha sB	were	approved	by the Board	ofTruslees and		signed on their behalf btc 5.s~ David Ecehshag

				Note	2022	2021
Net cash	(used) Igenerated in operating		activities	20	364,929	225 886
Css	ws ' v n	activities:
Interest and dividends					5,095	3,461
Receipts	from sale oftangible fixed assets				342,548	63,955
Payments	from purchase of	tangible fixed assets				(284,792)
Net cash	provided by investing activities				347,644	(217,376)
Change	in cash and cash	equivalents in	the year		(17,285)	8,510
Cash and	cash equivalents	brought forward			17,289	8,779
Cash and cash equivalents		carried forward			4	17289

						Unrestricted	Circuit Modal	Restricted	2022	2021
8	Ex nditure	on other Circuit P				f	Trust Fund K	6	Total	Total 2
	Unoccupied Menses held for		sale	or sold
	Other Manses	either unoccupied		or 1st		5,735			5,735	1,090
	Churches closed and awaiting		sale		or sold	5,306			5,306	4,832
	Cleobury Mortimer Methodist		Church premises			903			903	690
	Other					323			323	1,800
						12,267			12,267	8,412
									2022	2021
						Unrestricted	CMTF	Endowment	Total	Total
9	~Other ex )~en ' tttg. Presbyteral disturbance allowances					2 600		6	6 600	6 600
	Removal costs									4,214
	Supernumerary	Ministers' Fees				950			950	225
	Churches for	office accommodation				840			840	1,020
	Worship Materials					2,156			2,156	3,417
	Costs relating	to rental of Clun property								7,383
	ZOOM facility	and related costs				244			244	1,797
	Legal expenses					1,240			1,240
	Other					2,143		72	2,215	970
						8,173		72	8,245	19626
10	Grants~an	gttttII902r					Unrestricted f	Circuit Model Trust Fund K	2022 Total 6	2021 Totalf
	Churches
	Wem									600
	Moors									1,205
	Belle Vue							5,000	5,000
	Connexional levy &Grants repaid
	Bishops Castle									12,625
	Morda							19,977	19,977
	Vron Gate							7,463	7,463
	Ewyas Harold							6,119	6,119
	Caynham							23,329	23,329
	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	375
							6375	71 888	78263	30805

		Support	Governance	2022	2021	Basis ofallocation
Auditors	remuneration		5,340	5,340	5,000	Governance
			5340	5340	5,000

PP
~ t	T
					2022	2021
Number ofTrustees who		were paid expenses	excluding	Presbyters	4	4
and employed	lay staff
					2022	2021
Nature ofthe	expenses				8	8
Supernumerary Fees and Lay Travel and expenses		Travel expenses excluding costs reimbursed			1,058 876	67 197
Total amount	paid				1,934	264

T~idl	R	2	2			2022	2021
						8	8
Cost/valuation
Balance	brought		forward			2,351,792	2,067,000
Additions							284,792
Transfers	to /	from properties			held for sale
Transfer	from	Investment		properties
Disposals
Balance carried			forward			2,351,792	2,351,792

NO	TES TO THE ACCOUNTS	FOR THE YEAR ENDED 31	AUGUS
~t		2022	2021
			6
Balance brought	forward	390,000	370,000
Additions
Revaluations		20,000	20,000
Balance carried	forward	410,000	390,000

Fixed Asset Investments
	Listed	Unlisted
	investments	investments 6	Total f
Market value
Balance brought forward	40,703	11,402	52,105
Add net gain on revaluation	(9,536)	(717)	(10,252)
Balance carried forward	31 168	10,686	41 853
Net book value
31 August 2022	31,167	10,685	41,852
31August 2021	40,703	11,402	52,105

Analysis of	movements	in endowme	nt fun	ds
		Balance	Income		Expenditure	Transfers	Gains	and	Fund
Endowment	Name	b/fwd K	f			E	losses E		c/fwd 6
Hazel JPrice	Gift	325		7	(7)			(20)	305
George Parton Bequest		2,051		50	(50)			(129)	1,922
Mary Ann Price Legacy		1,015		25	(25)			(64)	951
		3,391		82	82			213	3,178

Analysis of	movements	in endowme	nt fun	ds	- previous ye	ar
		Balance	Income		Expenditure	Transfers	Gains	and	Fund
Endowment	Name	b/fwd					losses		c/fwd
		K	E		E	E	E		E
Hazel J Price	Gift	274		5	(5)			51	325
George Parton Bequest		1,733		32	(32)			318	2,051
Mary Ann Price Legacy		858		16	(16)			157	1.015
		2,865		53	53			526	3,391

Reconciliation ofnet mov	eme	nts in fun	ds tocash	flow from	operating	activities
					2022	2021
Net movement in funds					330,821	102,947
Deduct interest income shown		in investing	activities		(5,095)	(3,461)
Deduct receipts from sale of tangible fixed			assets		(342,548)	(63,955)
Loss / (Gain) on revaluation	of	properties				(20,000)
Decrease (increase) in debtors					(544)	(3,515)
Increase (decrease) in creditors					846	(9,774)
Loss / (Gain) on revaluation	of	fixed asset	investment	properti	(254,000)	(157,000)
Loss / (Gain) on revaluation	of	fixed asset	investments		10,252	(15,704)
(Gain) / Loss on revaluation	of	current asset investments			(104,660)	396,348
					364,929	225,886