
## Mid Derbyshire Methodist Circuit 

Registered Charity No. 1139498 

## Trustees’ Annual Report for the period 

## 1[st] September 2020 to 31[st] August 2021 

|Section A|Reference and administration|details|
|---|---|---|
|Charity name||Mid Derbyshire Methodist Circuit|
|Other names|the charity is known by|None.|
|Registered charity number||1139498|
|Charity’s principal address||Circuit Administration Office|
|||Top Floor|
|||Belper Community Cottage|
|||16 Chapel Street|
|||BELPER|
|||DE56 1AR|



## Names of the charity trustees who manage the charity 

||Trustee Name|Office (if any)|Dates acted<br>(if not for whole<br>year)|Name of person (or body)<br>entitled to appoint trustee<br>(if any)|
|---|---|---|---|---|
|1|Rev Dr Robert Foster|Superintendent<br>Minister||Ex officio|
|2|Rev John Malnutt|Circuit Minister||Ex officio|
|3|Rev Paul Beard|Circuit Minister||Ex officio|
|4|Rev Helen Penfold|Circuit Minister||Ex officio|
|5|Rev Stephen Pratt|Circuit Minister||Ex officio|
|6|Rev Kate Strange|Circuit Minister||Ex officio|
|7|Rev Juan Thompson|Supernumerary||Mid Derbyshire Circuit|
|8|Rev Adrian Smith|Supernumerary||Mid Derbyshire Circuit|
|9|Rev AnthonyWells|Supernumerary||Mid Derbyshire Circuit|
|10|David Shirtcliffe|Circuit Steward||Mid Derbyshire Circuit|
|11|Eddie Sweet|Circuit Steward||Mid Derbyshire Circuit|
|12|Paul Strange|Circuit Steward||Mid Derbyshire Circuit|
|13|Ruth Beresford|Circuit Steward||Mid Derbyshire Circuit|
|14|Kath Brydon|Circuit Steward||Mid Derbyshire Circuit|
|15|Geraldine Stamp|Circuit Steward||Mid Derbyshire Circuit|





|16|Andrew Whysall|Staffing and<br>Communications /<br>Circuit Steward||Mid Derbyshire Circuit|
|---|---|---|---|---|
|17|Judith Milner|LayEmployee||Mid Derbyshire Circuit|
|18|Sarah Harris|LayEmployee||Mid Derbyshire Circuit|
|19|Rev Kevin Price|Ex Officio Minister||Mid Derbyshire Circuit|
|20|Gillian Stamp|LayEmployee||Mid Derbyshire Circuit|



Names any other people who served as charity trustees in the financial year in question 

||Trustee Name|Office (if any)|Dates acted<br>(if not for whole<br>year)|Name of person (or body)<br>entitled to appoint trustee<br>(if any)|
|---|---|---|---|---|
|21|Margaret Garratt|Circuit MeetingRep||Church Council|
|22|Paul Garratt|Circuit MeetingRep||Church Council|
|23|Gordon Lamb|Circuit MeetingRep||Church Council|
|24|Jennifer Scotchbrook|Circuit MeetingRep||Church Council|
|25|Sue Colclough|Circuit MeetingRep||Church Council|
|26|Vivienne Palfreyman|Circuit MeetingRep||Church Council|
|27|Helen Rogers|Circuit MeetingRep||Church Council|
|28|Tim Rogers|Circuit MeetingRep||Church Council|
|29|Ann Mason|Circuit MeetingRep||Church Council|
|30|Eileen Mason|Circuit MeetingRep||Church Council|
|31|Gill Clifton|Circuit MeetingRep||Church Council|
|32|Ben Fearn|Circuit MeetingRep||Church Council|
|33|Monica Render|Circuit MeetingRep||Church Council|
|34|Penelope Brown|Circuit MeetingRep||Church Council|
|35|DorothyPipe|Circuit MeetingRep||Church Council|
|36|Lynne Terry|Circuit MeetingRep||Church Council|
|37|TerryAllbrighton|Circuit MeetingRep||Church Council|
|38|Sheila Wheatley|Circuit MeetingRep||Church Council|
|39|Helen Whitham|Circuit MeetingRep||Church Council|
|40|John Daglish|Circuit MeetingRep||Church Council|
|41|Marjorie Thoday|Circuit MeetingRep||Church Council|
|42|Phyllis Shaw|Circuit MeetingRep||Church Council|
|43|Barbara Moore|Circuit MeetingRep||Church Council|
|44|Michael Parker|Circuit MeetingRep||Church Council|
|45|TerryBeardsley|Circuit MeetingRep||Church Council|
|46|Janet Winson|Circuit MeetingRep||Church Council|
|47|Brenda Wheatley|Circuit MeetingRep||Church Council|
|48|Viv Walters|Circuit MeetingRep||Church Council|
|49|Christine Richards|Circuit MeetingRep||Church Council|
|50|Mike Haynes|Circuit MeetingRep||Church Council|
|51|Sandra Haycock|Circuit MeetingRep||Church Council|
|52|BettyLittlewood|Circuit MeetingRep||Church Council|
|53|Alan Piper|Circuit MeetingRep||Church Council|
|54|Karen Morley|Circuit MeetingRep||Church Council|
|55|Gill Chatto|Circuit MeetingRep||Church Council|
|56|Jennifer Attenborough|Circuit MeetingRep||Church Council|
|57|Yvonne McIntyre|Circuit MeetingRep||Church Council|





|58|Sarah Baker|Circuit MeetingRep||Church Council|
|---|---|---|---|---|
|59|Rosamond Herrett|Circuit MeetingRep||Church Council|
|60|Anne Brown|Circuit MeetingRep||Church Council|
|61|Peter Norman|Circuit MeetingRep||Church Council|
|62|Slyvia Norman|Circuit MeetingRep||Church Council|
|63|Irene Bourne|Circuit MeetingRep||Church Council|
|64|Mark Ratcliffe|Circuit MeetingRep||Church Council|
|65|Sue Watts|Circuit MeetingRep||Church Council|
|66|Sheila Froggat|Circuit MeetingRep||Church Council|
|67|Joan Holland|Circuit MeetingRep||Church Council|
|68|Rachel Robertson|Circuit MeetingRep||Church Council|
|69|BeverleyEvans|Circuit MeetingRep||Church Council|
|70|Sheila Redfern|Circuit MeetingRep||Church Council|
|71|Paul Selby|Circuit MeetingRep||Church Council|
|72|Brenda Clarke|Circuit MeetingRep||Church Council|
|73|Ann Richards|Circuit MeetingRep||Church Council|
|74|DorothyTaylor|Circuit MeetingRep||Church Council|
|75|AndyBales|Circuit MeetingRep||Church Council|
|76|Mike James|Circuit MeetingRep||Church Council|
|77|Elaine Grout|Circuit MeetingRep||Church Council|
|78|Peter Grout|Circuit MeetingRep||Church Council|
|79|John Grace|Circuit MeetingRep||Church Council|



Names and addresses of any advisers (optional information) 

|Type|Name|Address|
|---|---|---|
|Independent<br>Examiner|Keith Gregory|26 Barley Close, Little Eaton, Derby DE21 5DJ|
|Secretary to the<br>Meeting|Sarah Harris|12 Snowberry Avenue, Belper, Derbyshire, DE56<br>1RE|



Name of Chief Executive or names of Senior Staff members (optional) Robert Foster – Superintendent 

Section B Structure, governance and management 

## Description of the charity’s trusts 

|Type of GoverningDocument|Deed of Union(1932)and Methodist Church Act(1976)|
|---|---|
|How the Charityis constituted|Act of Parliament|
|Trustee selection methods|Appointed by local churches and existing trustees in accordance<br>with the modified constitution under section 58 of the<br>Constitutional Practice and Discipline of The Methodist Church (CPD)<br>which was implemented on the formation of the Mid Derbyshire<br>Methodist Circuit on 1stSeptember 2014 and amended 1st<br>September 2017.  Ministers are automaticallytrustees.|



Additional governance issues (optional information) 



|Induction/Training|The Mid Derbyshire Methodist Circuit has not adopted its own<br>policies and procedures for the induction and training of trustees, as<br>it follows the policies, procedures and guidance produced by the<br>Methodist Connexion.  For example, for Safeguarding, the Creating<br>Safer Space Foundation Module was delivered by people within the<br>Circuit who had trained to do so.|
|---|---|
|Structure|The Mid Derbyshire Methodist Circuit is part of the Nottingham and<br>Derby Methodist District and is accountable to the Methodist<br>Conference.  The Circuit Leadership Team, comprising ex-officio,<br>appointed and co-opted officers, works with the Circuit staff and<br>officers, as well as through a number of small working groups, in<br>order to oversee the development and implementation of Circuit<br>Policy.|
|Related Parties|None.|
|Consideration of Risks|Risks are considered by the Circuit Leadership Team, which takes<br>professional advice as required, is engaged in a regular review<br>process and has adopted a Safeguarding Policy which it ensures is<br>rolled out to the churches.|



|Section C   Objectives and activities|Section C   Objectives and activities||
|---|---|---|
||||
||Summary of the objects of the<br>Charity|The purposes of the Methodist Church are and shall be deemed to<br>have been since the Date of Union the advancement of:<br>a) The Christian faith in accordance with the doctrinal standards<br>and discipline of The Methodist Church;<br>b) Any charitable purpose for the time being of any Connexional,<br>District, Circuit. local or other organization of The Methodist<br>Church;<br>c) Any charitable purpose for the time being of any society or<br>institution subsidiary or ancillary to The Methodist Church;<br>d) Any purpose for the time being of any charity being a charity<br>subsidiary or ancillary to The Methodist Church.|
||Summary of the main activities<br>undertaken for the public benefit|The Circuit trustees are the Managing Trustees for the shared<br>resources (e.g. manses, other properties, financial assets and<br>personnel) related to group of Methodist churches known as the<br>Mid Derbyshire Methodist Circuit.<br>At the end of August 2021, the Circuit had 21 Methodist worship<br>centres and 4 Local Ecumenical Partnerships in its geographical area.<br>(Two of the Methodist worship centres are managed by a single<br>Church Council, whereas the others all have their own Church<br>Council). For worship, a quarterly preaching plan is produced to<br>ensure regular acts of worship take place and all of the acts of<br>worship are open to all people, without charge.  The Circuit also<br>provides monthly Communion services at Maple Leaf House in<br>Ripley, a purpose-built MHA nursing home for people with<br>dementia.<br>Circuit events and trainingare organized from time to time as|





required. The COVID-19 pandemic continued to have an impact on Circuit life throughout 2020 - 2021.  There has been a significant impact on regular worship, other church community activities and training. Many meetings were cancelled, postponed, or held online however more events were held than in the previous year. We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit. 

## Additional details of objectives and activities (optional) 

|Funds|At the year-end on 31/8/2021, the Circuit’s Model Trust Fund had a<br>balance of £728,875 which can be used for a variety of purposes,<br>along with the properties managed by the Circuit being valued at<br>£1,174,377.  During this financial year, the Circuit Leadership Team<br>has followed the Circuit Policy for the management and use of the<br>Circuit’s assets and financial decision making was linked to the<br>agreed budget.<br>The Circuit budget for 2021-2022 was agreed at the June 2021<br>Circuit Meeting, along with the proposed church ‘assessment’<br>contributions to Circuit finances.|
|---|---|
|Volunteers|The main part of our churches’ activities are undertaken by lay<br>persons(volunteers).|



Section D   Achievements and performance 

|Summary of main achievements<br>during the year 2020-21|Submission of the annual report for 2019-2020:<br>The Annual Report of the Mid Derbyshire Methodist Circuit, for<br>2019-2020, was prepared, agreed by the Circuit Meeting and<br>submitted before the Charity Commission’s deadline.<br>Circuit policy:<br>The Circuit policy was agreed by the December 2015 Circuit<br>Meeting.  The Circuit policy outlines the vision for the Circuit’s way<br>forward and is designed to be used as a guide to shape the Circuit’s<br>actions, with each item being considered at the time of acting upon<br>it; it is linked to the Circuit’s Mission Statement, which states that<br>our calling is to share hope, love and life in Jesus.<br>A deferred special resolution was agreed at the December 2020<br>Circuit Meeting to allow use of Methodist premises by other<br>Christian congregations.<br>A consultation on the ‘God in Love Unites Us’ report was due at<br>Synod in 2020 but this was delayed due to the COVID pandemic.<br>Circuit Vision:|
|---|---|





Three proposals were recommended to the September 2020 Circuit Meeting from the Circuit Vision team. These were; appointment of a messy church worker, appointment of a mission team and implementation of a hub/satellite church model. The September 2020 circuit meeting agreed for all three recommendations to be taken forward. In June 2021, the circuit meeting decided to no longer proceed with the implementation of a hub/satellite church model and instead reshape the staffing team in light of reduced resources. 

Circuit officers: 

Synod representatives were appointed in March 2021. 

## Circuit staffing: 

Revd Paul Beard retired as minister in August 2021. It was agreed that he wouldn’t be replaced to avoid significant budget overspend. 

Due to constrained staffing levels, a number of options were considered for splitting up the workload across the ministers. It was agreed in March 2021 that whole circuit ministry was the most effective option. The ministers now therefore spread the work across the whole circuit amongst them, rather than being assigned to specific churches. This has proved an effective way of managing the reduced staffing numbers. 

The Circuit Leadership Team agreed not to go into stationing during 2020-2021, due to the projected budget deficit. It was agreed at the circuit meeting in June 2021 that a new minister could be taken on for 2 years at 20% capacity. This will be funded out of the circuit model trust fund. It was also agreed that a profile for a full time minister would be put into stationing for 2022. In addition, approval to recruit a lay employee to work in the Matlock area was agreed at circuit meeting. 

Rev John Malnutt’s ordination took place in June 2021, after being rearranged several times due to the COVID-19 restrictions. 

Rebecca White’s contract ended with her maternity leave. Pete Towlson was admitted as a local preacher in 2020, his admission service was held in July 2021. 

Zania Van Schalkwyk finished working for the church in early 2021. David Leese announced that he would be stepping down from his role of supernumerary minister at the end of August 2021. 

A number of members of staff delayed their sabbaticals due to impact from the COVID pandemic. 



## Circuit Safeguarding: 

Sarah Harris became a DBS verifier in December 2020 and took accountability for renewing circuit member’s DBS checks. 

Three local preachers were nominated to reside at holy communion, these were; Sue Sunderland, Geraldine Stamp and Keith Bryan. This will take effect from next September, if agreed at conference. 

A safeguarding forum was held via Zoom on 22[nd] April 2021. 

A new safeguarding policy was agreed at the June 2021 circuit meeting. 

## Circuit property: 

Funding of £1,000 was allocated to Marehay Methodist Church to improve its technology systems in preparation for returning to worship. 

£100,000 from the Ebenezer sale was allocated to Ilkeston Methodist Church to proceed with planning permission for their major redevelopment works. Erewash council agreed for the IMC project to be part of the levelling up scheme bid they are pulling together, this should fund the deficit between the funds Ilkeston have available and the costs to complete the project. It was agreed at the June 2021 circuit meeting for demolition of the Bath Street shops and construction of the new IMC building could commence. 

Quinquennial inspections were restarted, following a number of delayed inspections due to COVID-19 restrictions. A new inspector, Stephen Barlow, was appointed. 

Funding from the Model Trust Fund was allocated to Darley Dale Methodist Church to facilitate a number of improvements, including improved access, improved kitchen facilities and an updated multimedia system. 

Up to £25,000 from the Model Trust Fund was allocated to the Belper Methodist Church for demolition of the schoolroom which has had dry rot for a long period of time. There are future plans to redevelop the site. 

Building works commenced on the Wellspring Methodist Church annex. Funding was raised from congregation but it was noted that some more funding might be required from the circuit meeting at some point in the future. 

Heanor, Openwoodgate and Kilburn Methodist Churches applied to cease worship due to running costs and small congregations. This 



was agreed by the circuit meeting and a team formed to manage closure and sale of the properties. It was agreed that the Braeburn manse (Applewood Close) would be leased on a 6-month term following Paul Beard’s retirement. Circuit events: Various events were cancelled due to the COVID-19 pandemic. A Circuit Copyright Forum was held on 20[th] April 2021. Training: No training was conducted between September 2020 and August 2021. Other: A new circuit website was created which went live in 2020. The website is much more user friendly to the end user and easier for churches to make their own updates. Each church has its own page on the website. 

As a way to support churches financially, it was agreed at the circuit meeting in June 2021 that the circuit would pay for all churches copyright license (CCLI) for the next 12 months. 



Section E   Financial review 

|Brief statement of the<br>Policy on Reserves|The Reserves Policy for the Mid Derbyshire Circuit is to hold a sum<br>equivalent to 3 months’ average expenditure in the general account<br>and a further £100,000 in the Model Trust Fund.  Commitments<br>against the Model Trust Fund at 31stAugust 2021 totalled £700,000.<br>This should be sufficient to meet any unforeseen item of major<br>expenditure on manses and / or to be able to continue, in the short<br>term, funding planned activities in the event of the closure of a large<br>church or an inability to raise the full Circuit Assessment from<br>churches.  It is necessary to hold sufficient working capital to enable<br>the quarterly payment of stipends/salaries and business expenses<br>for the ministers and lay employees and our contribution to the<br>District.|
|---|---|
|||
|Anyfunds materiallyin deficit|None|
|Further financial review(optional)||
|Sources of funds|In the 2020-21 accounts: 85% of the Circuit’s income was provided<br>by the local churches. 60% of expenditure was on pay and related<br>costs. 5% of expenditure was on property, including both manses<br>and properties that are being let. 20% of expenditure is our<br>contribution to the District, of which part is used to fund the work of<br>the wider Methodist Church.|



## Section F   Other optional information 

None. 

Section G   Declaration 

The trustees declare that they have approved the trustees’ report above at the Circuit Meeting held on 22[nd] March 2022. 

## Signed on behalf of the charity’s trustees 

|The trustees declare that they have approved the trustees’ report above at the Circuit Meeting held on<br>22ndMarch 2022.|The trustees declare that they have approved the trustees’ report above at the Circuit Meeting held on<br>22ndMarch 2022.|The trustees declare that they have approved the trustees’ report above at the Circuit Meeting held on<br>22ndMarch 2022.|
|---|---|---|
|Signed on behalf of the charity’s trustees|||
|Signatures|||
|Full Names|Rev Kate Strange|Sarah Harris|
|Position held|Superintendent Minister|Secretary of Circuit Meeting|
|Date|23rdMarch 2022|17thMarch 2022|





Clrcult
A¢cnMls Accounts
2020-21
THE METHODIST CHURCH
TEMPLATE REPORT AND ACCOUNTS
(ACCRUALS BASIS)
fi)r tha yMr ondgd 31 August 2021
Mld Derby8hlre
Clrcult
11JM98
N¢)tUngh4m Ind r
LN•trfct No I Clrcuft Ilo
Mlnht•rn
R•v R FoAl•r
ft•wKSP
R•vK
Paul
RLth eeresf(vtl
¢I￿Ul1 TrM•urnr

Oon•*ons
Assessmpnts ori￿r•
htr
thher tr•d
lJ9J71
lJ9.Y7J
7.736
. Lettl
. Mlxell•roro
91.C*4
16
Ttyt
16
14
SV nds, MI•￿ c•#$
ASX•ssrfient
melh0￿￿tchurch
l¢lephono 8 ti•4*1
237.54J
9S.172
795
9&J71
510
13&150
Jo
1.134
10.Sg7
3.919
2Q)11
V24
11.597
3J19
12
ij
14
11766
IY6
endltutegn uthvaro
io
Prtylsions
140
16
d￿U￿¢
Gr•tllJ Ind ¢jonat￿3
195
21295
51714
X714
19,91)
J6
27.-63
414•Jl
IQ9
20
14•¢ln¢•i
•xpqnthur•
Tr•r*￿¥r1bqtrW￿
Jn
*159
%J77
27
GDlnfl
tyn InvtSifft•ni 151clS
iijio
14
n ithernls
X117
45656
•(r￿￿tIllIon ol fvnds..
Tot41 lynds brQU hi foTw•rd
TMillunds<•ftlqdlr*ww
?L4
L77)
27
133th115
I￿lerIn1￿1c+I1I- loi Fxi*ii¥ll)vNs•￿r4
l•ikn•s/GIfts. ID I￿￿1¢￿￿111
¢•Ulrhd

••tsnte 5heet•s at31 Awt zo
Unrestrkned
Tot•15kns¢
Fundi
T*￿tsIe Ff¥•d ASSqts'
lond & 8ullthn45
Equipment
Inwortmeni pmptrt
In￿stMentS
io
2,457,725
11.108
io
li
li
2.457.725
IL108
2.457.725
10.426
65.656
65.
65.656
2.534.489
53.346
2.521,497
2.468.833
rrenl Assets
Debtors and PrepayThents
sh ar eank and In hand
rv5tets
or
et
Purpose5 deposits
Central Flnance Board
Other
12
20.198
6S,868
20,198
32.364
26,658
oslts
663,219
663,219
94.913
629.873
148,397
94.913
180.979
663,119
844,198
83?.292
26.403
26.403
27,974
N•t£urr*nt a$5•ts IltsbHWI
175se
154.576
fj63.219
817.795
8Q3.318
2.623.409
728.875
3.352.284
3.330,815
u••
14, 16
ro
thar
ons
14. 16
2.613.409
728.875
Funds of th¢ a￿Ul¥
Unrtstrlcted funds
f£UIt Mo
rust
(Llftrestriuedl
R￿rIcted funds
Efidowmertt fvnds
3.352.284
3.330.815
1623.409
2.623.4VJ
2.647.5%
728175
728175
683.219
2￿23.409
7Z&B75
"Detslls- se• Note li
mmaryolthe Internal f•PJrt1n8Wthpar¢utthle•ty￿ NtN•thttth•luTr*rf•n kn¢em*i
3.352.284
3.330.815
Open
bal0￿e
*Au#mpnti
Yotal
Totsi RecÈipts
Paymtrrts

M¥
sl•nthrdlor5m•*fnt￿￿%￿￿k•trlElntheuXl0￿￿efrum IJXAwth5D_tr*ow#i•X50A•IFPS5t1_knieF4Ken￿ hrty*SOftV5X
2Fur
51Ush.
I￿0￿• R•wltb•n
R•soui¢•s Expofid•d
VAT
T•nObknftAqd •55•ts forum
btwed
bwnt*Aq*td hrimwirm•r
Impart oFAttouThWythinees

20
2021Total Tot41
Tnjrt Fund
Toi*l
hw
lQll Totsi
A•lund ol Dlxirlrtfwi
¢•1 Tecew from dL)*d¢*wd
0715
9258
T•tsi
7,736
2JgJYI 7.n6
9.$n
Tiurt Fw
Cènt¢•l Fkn*rKe Boa
Rent•l In¢tyDe
169
3221
Ji90
S.S30
95 75.133
94J15 •0 961
gL064

th¢arE￿I* Meetln8
Numb¥oftruswvtho p•ld¢vwMe5
Nature ofthe eynse5
Exptnse p•yThthts pnmarlty rd•*tO ttymbursementfof tr4¥el offKe(osts
Tc41•1 •mownt p
F••sl•r*x*mkn*iiM 0r•Jth oltr••tto¥•
6.933
15,125
P•ld employvs
Still Costs wld thrhrylh•ywr¥rtri:
r￿SWayS. s•lariesiTrd befitfft¥kn k
io
226A59
15fv76
17.5U
42,163
245.795
286,$40
io

111111
111111
111111

The lunds that 511PPOII thearojtt Model Tnjst Fund Ind the man￿ Funl xe hekf tyyThKP In Trullet5
Interest Fundson %•thkh lftt¥esi Is u•iii•d to the ar£ouAts ea¢h month. Thts••r• re8arded a5 medium •nd
kni t¢mi Irw51ments.
TMCP Is the leeal oWner•r￿1 CunthJi•n Tnth olall Methodlst PAoOol Tntsi wapthTr. Jnrthjdiw Legacle&
Endowments and AcvJrnulated Fun¢ts. Tw51 propeity ts held faran41 behillof IDcal Mana8ln8 frustees who
ire re5p¢fislblé for ihedaytO+Yy rnarwent olmill prop*ty. TMCP ensure tha( through pro¥ith8
8uldan¢t and attin8 under Iheiv direaiofi. the Managln8 Trn5tee5 rompty charlty law•nd Methothst
•nd poJlty4 d•lerfflbnttl bythe MethodthC0nfwen￿.
In%￿rnents hew In Cornff￿Tr In¥wrnefi¢ knd4
65,656
$3,346
T•
65,656
53J46
Cafryin8 Imarketl v•lue at
Innl offftr
itijttions to Invesrry*nts atW5t
S6.950
I￿. dl
Is Itcarry
value
un￿lI15edS1th/IIo1$l on re¥alu•tlo
11310
Car
r4 Imirkeil value •t qnd pl
65.656
53346

ar¢ult
Otherdebtors
Tot•ld•btors and pv•p•yrn
20.198
32.364
10.198
32,364
BonkbaknrKe hlfdin Bar*Pk
nk ￿lIA{e itCer*tral Fknince Bo•rd
Toi*lCath Ind
16.658
94.913
148.39?
160.781
17Sm5
Tr•de CrndllD
27,974
35.112
27.974
as.112
Atthe3ts1 A￿￿1 2021 the t￿￿￿￿1*00£￿￿aIcffirnl1￿ts
Ilo fWEln#ont Il•bllh6e5 wer•ldentlfied ￿ 31ALWt 2021

111
111
Illll
11
11

11
11

DECLARATIONS
Trnxurnr
27.11.2021
Pv•untstlon ¢0 th• ¢I￿Ult M••Ung lor •ppmv•l.
1120ZI
S¥awur• ol th• Ch•lr
Nwne oftr* Ch•tr
21.
Ind•p•nd•frt Eumln•V• R•port to thD Tn￿1••* ofth•
D•ty•htr•
cl1￿￿
RMp•etlv• rn•poMlblllll•• olTrn•t••• Ex•mh
an •thYit rl rt4 rtqulr•J for1￿$ye#￿jer 144 Ch•rth Pa2011(
tt th Myf•w￿￿1fytO'.
uThJef S¢o*M 1445libl rfth•ChwH*A

•¥•nied r•tyyd• ofwy ¢¥¢w)sur￿ ￿ th•
UnewlAk￿ do no Im1*￿￿j b•i•ty•J m qn •L*lrt•nd no opntrJn i
r•oLrir•ThJr48."
a¢tsxntrq t•wlr•Tthts ofth• Ch*th*¥A¢a
¢ei f4 40￿Y
n< .

S 3 11
? r
8SgJPPV
Jv4V>ww )
Jo U04￿￿￿￿nb1YUOffjS0j0jd WPAg1•11
oJnieu&s
otueN
"pa4)tw oq 01 swnoyJE gul w 6tJWEisJapun
Jodt)*J v 9p]￿ ￿japJ0 u! pinous UOWJgUE'U￿uldO Aw ui '￿1.￿ 01
IJ¥i SWBII? sWw￿jinboj 6uwn¢)YJB
Ui UUM Aid￿￿ PUF spJfts)oJ 0￿un0a?B 4W4 PYY)JE $WTh)￿ gJBdaJd o.
'PV Sgllupug oci UOWS LWI *)uewo)x U! SPbCY)oJ ￿our￿￿(* d9&1 A.
".swouJaJ!nDaJ
pad8gJ Au? Ul awrgq o osnE) saMB (il
".uowwie Aw oi BU￿ sp4 JaHew ou 'UO4EUlWBXa Aw yym UI
IUoiu8ieis 8JgUIWEX3 iU•PUodapui
luew￿ei9
o wg sJoutLU #So￿ OJ FW.Um g yodeJ PUE JM.A JPI PLIE a)Jl. E iu8saJd swn(vJ)B sp u•AIB
si ￿1)Uld0 ou Allu8nbasLm pue ¥.we ue w F￿nbej •J r4ncthww ffjMoJd iw op u8¥pywun
$8Jnpwwd ￿￿"S￿eNE￿ ￿n$ Aue FA￿w￿l￿ Sa8WUL se nDA uM)JJ SuWBUE￿o fAJ4OaS pue .￿Un0￿$
ui wrtWPgP JO SUW. IBnsNn Aupjo ￿)￿￿.￿0> sepyyui oge 11 5PJOJOJ 8W MUa58Jd
wnoJ)E aw io uosuedww e pup AWEYJ ￿ Aqfy¥ swo)aJ 6u4unctsx e s¥npui tJOqEUIWEXO
uy uowwutrJ AWEY? allAq suw4] IWW86 *yJepJa)JE Ul pwJeJ SEM UOryEUIUJEXg A
yodry sJau!wpx3 w•pu*lapui Jo s!SV8
aJi4sAqJao p!