## ## ## ## ## Barnet and Queensbury Meth(Mlist Ciremit Trustees. Report & Accounts 2022-23 TRUSTEES, REPORT The trustets present their rewrt and th¢ financial stat¢Tnents for the year ended 3 1st August 2024. These have been prepared in a¢¢ordance with the Charities Act 2011 and the Charities.. Statement of Recommended Pwtice 2015 as applicablc to the Financial Reporting Stsndard (FRS102) 2015. STRUCTURE, GOVERNANCE AND MANAGEMENr The Barnet 2nd Queensbury Circuit of the meth￿Ist Church is on organisation ovcrseeing the work of nine Methodist Societies based in the London Borough of BameL and in Queensbury, part of the London Borough of Brent. Two of the Societies. those in Mill Hill and Golders Green, form part of Local Ecumenical Partne￿hIp with the Uttited Refornied Church. The Society at Barnet Br(M)kside Church is in partnership with St Mary's Church of England Church, East Barnet. The Ctrcuit registetrd as a charity as requitcd by the Charities Act 2006 in 2010. The activities of the Circuit are governed by The Constilulional Practice and Discipline ofihe Methodi.¥i Church which incorporates the Methodist Church Act 1976. The governing body is Ibe Circuit Meeting whose mcfflbers are the presbyter4 deacons. lay employees and otTicers of the CircuiL provided that they are also members of, or are 'authorised to serve., the Methodtst Church. Also Membe￿ are th¢ tr¢asurer& a steward and other elected representative(s) of the Methodist Societi4 within the Ctrcuit. Currently all mem1￿$ of the CTrrcuit Meeting are trnstees. The Superintendent Minister chairs the Circuit Meeting. The Circuit Me¢ting meets a minimum of twtce a year and agrees on the broad strategy and areas of activity for the Circuil including consideration of grdnt making. investmenL reserves and risk m8n2gemewrt FKJlicic5 and ￿rforrnance. The more detailed management of the Circuit is entrusted to the Cireuit Leadership Teavn (CLD fornied of the Circuit's presbyters. d¢A¢ons. lay employees and circuit stewards_ OBJECTIVES AND ACTIVITIES The principal objective of the Circuit is to facilitate and coordinate the activities of its constituent Societies in'the advancement ofthe Christian faith in ac¢ordance with the doctrtnal standard5 and discipline of the Methodist Church, (Section 4a Methodisi Church A¢t 1976). This is donc for as tnany people as wssible within the geographical ar¢a th¢ Circuit serves. In addition, the M¢thodi5t Church Act allows for the advancement of other charitable purposes 'for the time bcing. of any subsidiary unit of the Meth¢xlist Church. (Sections 4b-4d Methodist ChEsrch Act 1976) Based on the above objectives. with due considerntion of the Charities Commission guidance on public benefit an(L in particular, the specific guidanc¢ on the charities for the advancement of religion. the Circuit has the follo￿.1￿8 aims.. Through the provision of staff, p￿a¢her& education and pas¢ornI oversight facilitate the l(Kal Methodist Societies in providing Christian WOEship.. spiritual devclopment and pastoral care trf)th to the members of the constituent Societie5 and to the wider communities in whi¢h they arc l(Kat¢d. To raise funds so as to make grdnts to advance the Christian Faith. or for other charitable purw)ses as for the time being the circuit deems appropriate. Ix)th l(KYlly. naiionally and internationallv. To support the advancement of the Christian Faith through ecumenical liaison with other Christian groups. ## ## ## ## Barnet and Queensbury Methodist Circuit Trustees" Report & Accounts 2022-23 Unexpected pro1￿rtY r¢pairs to ¢huwhes resulting in an inability to pay circuit assessment Major work required at one or more of the Circuit manses The Circuit leadership considers that the CUTrent level of reserves is sufficient to meet any unplanned expenditure in the event of the akK)ve and when planning the budget for future years will consider the nccd to include an element to build up the reserves. TRUSTEES The members of the Cir¢uit Meeting are appointed by the Church Council of the Methodist Societies that forni the Barnet and Qu¢ensbury CircuiL or by the Circuit Meeting, or by sub- committees of the Circuit Meeting. The sub-comtnittees deal with ministerial and lay- employment apEKbintments, usually in c105e liaison with the individual churches involved with a particulaT role. The trustees on page l are those serving at the date the balance sheet was signed. A rdnge of guidance produced by Methodist Connexion to support the effective n￿￿ing of the Circuit, specifically the leaflet 'The Role of a Trustee in The Methodist Church, is given to all new Ctrcuit Meeting members as induction to their role &s trustees. The TTUStees are also ci)mmitted to ensuring that the Connexional Safeguarding Policy is implemented in accordance with government legislatioo to provide a safe environment in the Circuit's churches for young tthple and vulnerable adults, STATEMENT OF TRUSTEES. RESPONSIBILfTIES tN RESPECT OF THE ACCOUNTS Charity law requires the trnstee5 to prepare fmancial statements for each financial peri(xl which give 8 true and fair vtew of the state of affairs of the Barnet and Queensbury Methodist Circuit and of the results for that period. In preparxng those financial slatements. the trustees are r¢quired to: select suitable accounting wTrlicie5 atkd then apply them ciynsistentlyy make judgements and estimates thai aTe reasonable and prudenL state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Circuit will continue to function- Cotnply with the Strdtem¢nt of Recommended Practice on accounting and reporting by charities issued in 2015. The trustees are responsible for keeping proper a(xounting reci)rds which disclose with reasonable accuracy al any time the financial position of the Circuit. -fhey art also responsible for safegEording the assets of the Circuit and hence for tsking reasonable steps for the prevention and detection of frdud and other irregularities. The trustees confirni that they have complied with the above TEquirem¢nts and responsibiltties. Aci[￿vEmENTS, PERFORMAI¥CE AND FtrruRE PLAI¥S Iyorship andprwT Our emphasis is on providing a rdnge of church services across the Circuit that will enable a wid¢ $￿tion of the communty to engage in worship. as well as providing traditional ## ## ## BARNET & QUEENSBURY CIRCUIT Actual SUMMARY OF ACCOUNTS - 31 st August 2024 Balance brought forward 128,832.99 Income Assessments Grant {London district) Heathfield Trusi Interest 198,040.00 CFB TMCP- Pemianent Endowment 2,316 22 16.52 42,500.(10 Rent (grossl Youth account total Income 242,872.74 Expenditure Ministers Sts'pends App Lewy Travevmileage Preaching Fees Telephone Training Postage Books and Stationery ReÈocats"on Miscellaneous 144,131 02 606.47 1.468.91 691_25 2,484.27 265.00 777.80 12.135.45 671 67 Youth account District Assessment inisters, Manses 49,723.00 Council Tax and Water Maintenance & Repairs Insurance Letttng Fees 8,210.26 47.282.26 7.143.21 3,940.80 Circuit Offi General mi￿ltaneouS Church Quinquenniel 1nspecb.ons Olher Independent Examinerfs Fee Conb"ngency 2.414.42 2,750.00 totsl expenditure 284,695.79 Balance Cfforward 87,(K19.94 HSBC CFB 63,872.58 16,938.19 Add debtors Less creditors 29,826.50 23,627.33 87,009.94 Circuit lkndel TTh￿t Fund Brougm Fop*ard Interest Admin District Levy 83,990.78 4.433.79 239.37 2.099.77 Balance 86.085.43 00 o* ¥)* o)00 (ry Ln Tt mlno ¢5> (o Gi uoCC`brought`|`Income`|`Expenditure`|`Inter fund`
`transfers`|`Revalue`|`balance`
`carried`| ||`forward`|||||`forward`| |`Unrestricted funds`||||||| |`General fund`|`3,501,933`|`242,873`|`(284,696)`||`이`|`3,460,110`| |`Model Trust fund`|`83,991`|`4,434`|`(2,339)`|||`86,085`| |`Total unrestricted funds`|`3,585,924`|`247,307`|`(287,035)`|`이`|`0`|`3,546,195`| |`Endowment Funds`||||||| |`'Trust 177'`|`630`|||`20`||`650`| |`Total funds`|`3,586,554`|`247,307`|`(287,035)`|`20`|`이`|`3,546,845`| ## ## ## ## ##