## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## SHROPSHIRE & MARCHES METHODIST CIRCUIT ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022 PORT OF THE TRUSTEE The Irustees p￿sent thelr annual report and financial ststernents forthe charity forthe year ended 31st August 2022. The financial slatsmenls have been pT￿pa￿d 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$e. They are appointed to the Circuil Meeting in ac£oryJan¢e wlh th8 WUiTemenls set in the C P D. These include the bass on ¥¥hich each Church is represented at the circu￿ Meeting. Whilst no fonnal training is in place the r6sponsbilitles of Trusleeg und8rtaklng the role is communiGaled lo them %then they 8r8 f6rst appointed. They have access to The Methodist Church website via https:IlwvM.methodist.org.ukJfor-¢hur¢hesloffice-holderslman8ging-Iwstees. ThL8 ￿18 is updated re9ulady. In addilion,Trustees are able to view various Charfty Commlssion documents through the followlng links-. https:1/￿YW.gQv.uk1g0VemMenupuNlC8￿OnSIth&-èSSentia1-t￿stsè-Wha1-yoU-nèed-tO-kn0W-Cc3Ith9-e$¥enI181- twstewhat-you-need-lTrknow-wh81.y(yJ-need-tfrdo & hty:IltrYww.¢haritygovema￿èc0iIe.0r￿an 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| |12|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| ##