## 





# 

## 

||SORP reference||
|---|---|---|
|Summary of the purposes of|Para 117|The purposes ofthe Methodist Church are and|
|the charity as set out in its||shall be deemed to have been since the Date|
|governing document||of Union the advancement of:|
|||a) The Christian faith in accordance with the|
|||doctrinal standards and discipline ofThe|
|||Methodist Church|
|||b) Any charitable purpose for the time being of|
|||any Connexional, District, Circuit, local or other|
|||I organization of The Methodist Church|
|||c) Any charitable purpose for the time being of|
|||any society or institution subsidiary or ancillary|
|||to The Methodist Church|
|||d) Any purpose for the time being of any|
|||charity being a charity subsidiary or ancillary to|
|||The Methodist Church|
|Summary of the main<br>activities in relation to those|Para 1.17 and<br>1.19|The circuit trustees are the Managing Trustees<br>for the shared resources (e.g. manses, other|
|purposes for the public||properties, financial assets and personnel)|
|benefit, in particular, the||related to the group of Methodist churches|
|activities, projects or||known as the Mid Derbyshire Methodist|
|services identified in the||Circuit. At the end of August 2022, the circuit|
|accounts.||had 19 Methodist worship centres and 4 Local|
|||Ecumenical Partnerships (LEPs) in its|
|||geographical area.|
|||Two of the Methodist worship centres are|
|||managed by a single Church Council, whereas|
|||the others all have their own Church Council.|
|||For worship, a quarterly preaching plan is|
|||produced to ensure regular acts of worship|
|||take place and all of the acts of worship are|
|||open to all people, without charge. The circuit|
|||also provides monthly services of worship at|
|||Maple Leaf House in Ripley, a purpose-built|
|||MHA nursing home for people with dementia.|
|||Circuit services, events and training are|
|||organised from time to time as required.|
|Statement confirming|Para 1.16|We confirm the trustees have had regard to|
|whether the trustees have||the Charity Commission’s guidance on public|
|had regard to the guidance||benefit.|
|issued by the Charity|||





## 

|||Pam|138||
|---|---|---|---|---|
|Policy on grant making|||||
|||Para|138||
|Policy on social investment|I||||
|including program related|||||
|investment|||||
|||||The main parts of our churches’ activitiesiJ|
|||Para|1|undertaken by lay persons (volunteers).|
|Contribution made by|||||
|volunteers|||||
|Other|||||



## 

||bPP reference|bPP reference||
|---|---|---|---|
||||—________|
||||Annu& Report for 2020 to 2021|
||||The Annual Report ofthe Mid Derbyshire|
||||Methodist Circuit for the year ending 3Vt|
|Summary of the main<br>achievements ofthe charity,||Para I .20|August 2021 was prepared, agreed by the<br>Circuit Meeting and submitted before the|
|identifying the difference the|||Charity Commission’s deadline date.|
|charity’s work has made to||||
|the circumstances of|its||Circuit Policy|
|beneficiaries and any <br>benefits to society as|wider<br> a||New processes of oversight and trusteeship<br>were approved by the Methodist Conference.|
|whole.|||This includes the decision that the minimum|
||||size of a local church should be increased to|
||||12 members.|
||||The Circuit Meeting gave permission to two|
||||churches with memberships of 13 each,|
||||Marehay and Waingroves Methodist Churches,|
||||to join together to form one Church Council (to|
||||be known as MWMC) as from<br>September|
||||2022.|
||||Resolutions on the God in Love Unites Us’|
||||report, regarding co-habitation and same sex|
||||marriages, were confirmed at the Methodist|
||||Conference.|
||||Each church council in the circuit voted on|
||||whether to allow same sex marriages and|
||||blessing services in their church building.|
||||Implementation ofteam working across the|
||||circuit was begun.|





|Mansfield Road Methodist Church, Heanor,||
|---|---|
|ceased worship in June 2022; the church||
|building was to be refurbished as a hospitality||
|centre. Mary’s Kitchen, a project at Mansfield||
|Road providing reasonably priced meals to the||
|local community, will continue as a circuit||
|project.||
|Circuit Services and Events||
|Circuit services were held: forthe Easter||
|Offering Dedication in May 2022; to||
|commemorate the churches which had closed||
|during the past year in June 2022; as a||
|farewell for the Presbyters who were leaving in||
|July 2022.||
|Some meetings continued to be held via||
|Zoom. Church services were held in person||
|but a positive effect ofthe Covid-1 9 pandemic||
|is that some online services have continued.||
|Information and support evenings for Pastoral||
|Visitors were held; these included speakers||
|from our own circuit on Patterns ofHospitality||
|and ChristiansAgainst Poverty (CAP). There|is|
|a CAP Debt Centre in Ilkeston which is||
|supported by local churches.||
|Unfortunately, because ofthe cost of living||
|problems which people have continued to face,||
|foodbanks at some of our churches continue to||
|be necessary.||



|ou may choose to include|further stateme|nts where relevant about:<br>--|
|---|---|---|
|||As noted above, under Circuit Staffing. a Lay|
|||Mission and Outreach Worker was employed|
|Achievements against|Para 1.41|to work in the Matlock area.|
|objectives set|||
|||Although it had been agreed not to replace|
|||Rev Paul Beard when he retired in order to|
|||avoid a significant budget overspend, Rev|
|||Moses Agyam was unexpectedly available and|
|||needed a part-time post in the area. The|
|||Nottingham and Derby District Chair requested|
|||that he should be given a one-year post in the|
|||circuit. The Circuit Leadership Team agreed to|
|||this request because it was felt he had gifts|
|||and skills to offer the circuit. Some funding was|
|||available because it had previously been|
|||agreed for a Presbyter for 2 years at 20%|
|||capacity but this had not happened.|
|||Advertisements were placed for a Messy|
|||Church Worker but there was only one|
|||applicant and no-one was appointed.|
||Para 1.41||





|Performance offundraising|[|||
|---|---|---|---|
|activities against objectives||||
|set||||
|Investment performance||||
|against objectives||Para 141||
||||Future Plans|
|Other|||There will be a change of some ministerial staff|
||||in the circuit from 1st September 2022. A new|
||||Superintendent Minister will bring fresh vision|
||||as the Circuit Leadership Team makes plans|
||||for the next few years.|
||||A Deacon will be working in the community in|
||||the Heanor area.|
||||Since the formation of the circuit, from three|
||||smaller circuits, the circuit has managed some|
||||properties which are not needed as manses for|
||||ministers. Some ofthese may be sold to|
||||provide money for mission and ministry|
||||projects.|
|L|||It is hoped to set up a circuit worship event for<br>and with young people.<br>There will be some church projects! including<br>the delayed project at likeston Methodist<br>Church.|



## 

|Financial Review|||
|---|---|---|
|Review ofthe charity’s|Para 121|At the end ofthe year, on 31st August 2022,|
|financial position at the end||the net surplus for the year on the General|
|of the period||Fund was £25,398 after a net gain on the|
|||revaluation of investment property of£91,237.|
|||The balance on the General Fund was|
|||£3,409,115.|
|||The net surplus for the year on the Circuit|
|||Model Trust Fund was £247,870 and the|
|||balance was £916,145. This can be used for a|
|||variety of purposes, along with the properties|
|||managed by the circuit.|
|||During the yearthe trustees reclassified the|
|||circuit’s investment properties from freehold|
|||which resulted in a fair value adjustment in|
|||accordance with FRS1O2. This resulted in a|
|||total gain on investment properties of£851,545|
|||ofwhich £91,237 is reflected in the current|
|||year and £760,308 shown as a prior year|
|||adjustment. Properties were valued as follows:|
|||Freehold Properties £1,339,270; Investment|
|||Properties £1,970,000.|
|||During this financial year the Circuit|
|||Leadership Team has followed the circuit|
|||policy for the management and use ofthe|
|||circuit’s assets and financial decision making|
|||was linked to the agreed budget.|
|||The circuit budget for 2021 to 2022 was|
|||agreed at the Circuit Meeting in June2021,|





|||||||I along with the proposed Church Assessment|
|---|---|---|---|---|---|---|
|||||||contributions to circuit finances.|
|Statement explaining the<br>policy for holding reserves||||Para 122||The Reserves Policy for the Mid Derbyshire<br>Methodist Circuit is to hold a sum equivalent to|
|stating why they are held||||||3 months’ average expenditure in the general|
|||||||account and a further £100,000 in the Model|
|||||||Trust Fund. This should be sufficient to meet|
|||||||any unforeseen item of major expenditure on|
|||||||manses and/or to be able to continue, in the|
|||||||short term, to fund planned activities in the|
|||||||event ofthe closure of a large church or an|
|||||||inability to raise the full Assessment from|
|||||||churches, It is necessary to hold sufficient|
|||||||working capital to enable the payment of|
|||||||stipends and salaries, business expenses for|
|||||||the ministers and lay employees and our|
|||||||contribution to the Nottingham and Derby|
|||||||District.|
|||||||Money from the Model Trust Fund had been|
|||||||committed to church projects; this was|
|||||||available to be used, as and when necessary,|
|||||||by the relevant churches.|
|Amount of reserves held||||Pam 1.22||£88,146 was held in the general account at<br>31s August 2022.|
|||||||£976,745 was held in the Model Trust Fund at|
|Reasons for holding zero||||Para 1.22|31 August 2022: these are unrestricted funds.<br>L..<br>N/A||
|reserves|||||||
|rbiails offund materially in||||Para 1.24|--|None<br>-|
|deficit|.______||||r||
|Explanation of any<br>uncertainties about the|||i|Para 1.23||Risks are considered by the Circuit Leadership<br>Team, which takes professional advice as|
|charity continuing as a going||||||required: the team is engaged in a regular|
|concern||||||review process.|
|||||||A reduction in numbers attending the|
|||||||churches, partly due to the effect of the Covid|
|||||||19 pandemic, has meant that some churches|
|||||||have struggled financially. If a lot of churches|
|||||||were to cease worship, the Circuit Leadership|
|||I||||Team would need to consider a reduction in|
|||||||staff numbers. This was not considered to be a|
|||||||great risk because numbers have stabilised|
|||||||but it will be kept under review because|
|||||||churches’ funds have not returned to their pre|
|||||||pandemic levels.|



|yjychoose to include fu|rther stateme|nts where relevant about:|
|---|---|---|
|||I In the 2021-2022 accounts:|
|The charity’s principal<br>sources offunds (including||75% ofthe circuit’s income was provided by<br>the local churches.|
|any fundraising)|Para 1.47|56% of expenditure was on pay and related|
|||costs.|





||||-|6% of expenditure was on property||
|---|---|---|---|---|---|
|||||maintenance, including both manses and||
|||||properties that are being let.||
|||||20% of expenditure is our contribution to the||
|||||Nottingham and Derby Methodist District; part||
|||||ofthis is used to fund the work of the wider||
|||||Methodist Church.||
|||||£15,000 was sent to Connexion as a donation||
|||||towards covering a shortfall in the Minister’s||
|||||Pension Fund.||
|Investment policy and||||||
|objectives including any||||||
|social|investment policy|Para 1.46||||
|adopted||||||
|||||The closure of some churches and reduced||
|A description of the principal||||numbers attending the other churches could||
|risks facing the charity||Para 1.46||I have an impact on the assessment raised from||
|||||churches. Numbers have stabilised but this will||
|||||be kept under review by the Circuit Leadership||
|||||Team.||
|||||The risk of the ability of churches to pay their||
|||||assessment is always present. This is||
|||||managed through dialogue with the churches,||
|||||including an annual meeting of Church||
|||||Treasurers.||
|||||Risks regarding safeguarding are managed||
|||||through DBS checks and mandatory training.||
|||||Further details are outlined in the circuit’s||
|||||Safeguarding Policy.||
||-___________________|||||
||||-|The Circuit Treasurerwas advised that the|-|
|Other||||circuit accounts for the previous three years||
|||||should have been audited and not||
|||||independently examined. The Charity||
|||||Commission has confirmed that it does not||
|||||require a retrospective audit but the accounts||
|||||must be audited in future. The circuit has acted||
|||||upon this instruction from the Charity||
|||||Commission.||



## 

||Description of charitys||||..—______________________________|
|---|---|---|---|---|---|
||trusts:|||||
||Type of governing document||Para|1.25|Deed of Union (1932) and Methodist Church|
|I|(trust deed, royal charter)|I|||I Act (1976)|
||How is the charity||Para|1.25|Act of Parliament|
||constituted?|||||
||(e.g unincorporated|||||
||association, ClO)|||||
||Trustee selection methods||Para|1 .25|Trustees are appointed by local churches and|
||including details of any||||existing trustees in accordance with the|
||constitutional provisions e.g.||||modified constitution under Section 58 ofthe|
||election to post or name of||||Constitutional Practice and Discipline of The|
||any person or body entitled||||Methodist Church (CPD), which was|





## 

## 

|You may choose to include fur|ther stateme|nts where relevant about:|
|---|---|---|
|||The Mid Derbyshire Methodist Circuit has not|
|||adopted its own policies and procedures for|
|Policies and procedures||the induction and training oftrustees because|
|adopted for the induction|Para 1.51|it follows the policies, procedures and|
|and training oftrustees||guidance produced by the Methodist|
|||Connexion. For example, for safeguarding, the|
|||Creating Safer Space Foundation Module was|
|||delivered by people within the circuit who had|
|||been trained to do so.|
|||The Mid Derbyshire Methodist Circuit is part of|
|||the Nottingham and Derby Methodist District|
|The charity’s organisational||and is accountable to the Methodist|
|structure and any wider|Pars 151|Conference.|
|network with which the|||
|charity works||The Circuit Leadership Team, comprising ex|
|||officio, appointed and any co-opted officers,|
|||works with the circuit staff and officers, as well|
|||as through a number ofsmall working groups,|
|||in order to oversee the development and|
|||implementation of circuit policy.|
|||None|
|Relationship with any|||
|related parties|0ara 1.51||
|Other|||



## 

||Reference and Admini|strative details||
|---|---|---|---|
|[|Charity name<br>Other name the charity uses|Mid Derbyshire Methodist Circuit<br>None|-________________________|
||Registered charity number|. 1139498||
||Charity’s principal address|Mid Derbyshire Circuit Office||
|||I Belper Community Cottage||
|||16 Chapel Street||
|||Belper||
|||DES6 IAR||
||Statement ofTrustees’|The trustees are responsible for|preparing the Trustees’|
|I|Responsibilities|Report and the financial statements in accordance with||
|||applicable law and United Kingdom Accounting Standards||
|||(United Kingdom Generally Accepted Accounting Practice).||





|he|circuit.|circuit.|,|<br>|yy g|
|---|---|---|---|---|---|
||r<br>Trustee name<br>._____________________||.<br>.<br>Office (if any)|Dates acted if not for<br>whole year|[ Name of person (or body) entitled<br>to appoint trustee (if any)|
|1||Rev Kate Strange|Superintendent_Minister||. Ex officio|
|2||Rev Moses Agyam|Circuit Minister||Ex officio|
|3||Rev Robert Foster|Circuit Minister||Ex officio|
|4||Rev John Malnutt|Circuit Minister||Ex officio|
|5||Rev Helen Ruth<br>PenfoId|Circuit Minister||Ex officio|
|6||Rev Stephen Pratt|Circuit Minister||Ex officio|
|7||Ruth Beresford|Circuit Steward||Mid Derbyshire Circuit|





|||Trustee name|.<br>Office (if any)|Dates <br>whole|acted <br>ear<br>‘|acted <br>ear<br>‘|.<br> if not for|Name of person (or body)<br>entitled to appoint trustee (if<br>any)|
|---|---|---|---|---|---|---|---|---|
|18||Rev Kevin Price|Minister in Local<br>Ecumenical Partnership|||||Mid Derbyshire Circuit|
|19|•|Rev Chris<br> Scotchbrook|Supernumerary Minister|||||Mid Derbyshire Circuit|
|20||Rev Adrian Smith|Supernumerary Minister|||||Mid Derbyshire Circuit|
|21||Rev Juan Thompson|Supernumerary Minister|||||Mid Derbyshire Circuit|
|22||Rev Anthony Wells|Supernumerary Minister|||||Mid Derbyshire Circuit|
|23||Margaret Garratt|Rep to Circuit Meeting|||||Ambergate Church Council|
|24||Paul Garratt|Rep to Circuit Meeting|||||Ambergate Church Council|
|25||Jane Gentry|Rep to Circuit Meeting|15/06/22 to 31/08/22||||Belper Church Council|
|26||Christine Nelson|Rep to Circuit Meeting|15/06/22 to 31/08/22||||Belper Church Council|
|27||Dorothy Pipe|Rep to Circuit Meeting|01/09/22 to 15/06/22||||Belper Church Council|
|28||Jennifer<br>Scotchbrook|Rep to Circuit Meeting|||||Belper Church Council|
|29||Dorothy Annette<br>Taylor|Rep to Circuit Meeting|||||Codnor Church Council|
|30||Helen Rogers|Rep to Circuit Meeting|||||Cromford Church Council|
|31||Timothy Nigel<br>Everard Rogers|Rep to Circuit Meeting|||||Cromford Church Council|
|32||Gill Clifton|Rep to Circuit Meeting|||||Darley Dale Church Council|
|33||Monica Render|Rep to Circuit Meeting|||||Darley Dale Church Council|
|34||Jeanette Anne<br>Welch|Rep to Circuit Meeting|15/06/22 to|||31/08/22|Darley Dale Church Council|
|35||Andrew Bales|Rep to Circuit Meeting|||||Denby Bottles Church<br>Council|
|36||Mike James|Rep to Circuit Meeting|||||Denby Bottles Church|
|||||||||Council|
|37||Beverley Margaret<br>Evans|Rep to Circuit Meeting|||||Heage Church Council|
|38||Lynne Terry|Rep to Circuit Meeting|||||Heage Church Council|
||||Page 10||||||





|39|Sheila Wheatley|Rep to Circuit Meeting|Holbrook Moor Church<br>Council|
|---|---|---|---|
|40|Helen Elizabeth<br>Whitham|Rep to Circuit Meeting|Holbrook Moor Church<br>Council|
|41|John Daglish|Rep to Circuit Meeting|Holloway Church Council|
|42|Marjorie Ann Thoday|Rep to Circuit Meeting|Holloway Church Council|
|43|Barbara Moore|Rep to Circuit Meeting|Horsley Woodhouse Church|
||||Council|
|44|Phyllis Shaw|Rep to Circuit Meeting|Horsley Woodhouse Church|
||||Council|
|45|Brenda Jean Clarke|Rep to Circuit Meeting|Ilkeston Church Council|
|46|Michael Edward<br>Parker|Rep to Circuit Meeting|fllkeston Church Council|
|47|Tony Stevens|Rep to Circuit Meeting|I Ilkeston Church Council|
|48|Christine Dianne<br>Richards|Rep to Circuit Meeting|Marehay Church Council|
|49|Viv Walters|Rep to Circuit Meeting|Marehay Church Council|
|50|Penny Brown|Rep to Circuit Meeting|Matlock Methodist & United|
||||Reformed Church Council|
|51|Sandra Haycock|Rep to Circuit Meeting|Matlock Methodist & United|
||||Reformed Church Council|
|52|Mike Haynes|Rep to Circuit Meeting|Matlock Methodist & United|
||||Reformed Church Council|
|53|Elizabeth Littlewood|Rep to Circuit Meeting|Matlock Moor Church|
||||Council|
|54|Alan Piper|Rep to Circuit Meeting|Matlock Moor Church|
||||Council|
|55|Gillian Chatto|Rep to Circuit Meeting|Nether Heage Church|
||||Council|
|56|Karen Julie Morley|Rep to Circuit Meeting|Nether Heage Church<br>Council|
|57|Sarah Louise Baker|Rep to Circuit Meeting|Ripley Church Council|
|58|Elaine Grout|Rep to Circuit Meeting|Ripley Church Council|
||Anne Brown|Rep to Circuit Meeting|St. Andrew’s Church:|
|59|||Langley Mill, Church|
||||Council|
|60|Peter Charles|Rep to Circuit Meeting|Tansley Church Council|
||Norman|||
|61|Sylvia Norman|Rep to Circuit Meeting|Tansley Church Council|
||Irene Bourne|Rep to Circuit Meeting|United Church of All Saints,|
|62|||Stanley Common, Church|
||||Council|
|63|John Grace|Rep to Circuit Meeting|Waingroves Church Council|
|64|Lrk Ratcliffe|Rep to Circuit Meeting|Waingroves Church Council|
|65|Sheila Ivy Redfern|Rep to Circuit Meeting|Wellspring Church,|
||||Wirksworth, Trustees|
|66|Susan Margaret<br>Watts|Rep to Circuit Meeting|Wellspring Church,<br>Wirksworth, Trustees|





|67||Alan Hickingbotham|Rep to Circuit Meeting|09/06/22 to 31/08/22|West Hallam Church<br>Council|
|---|---|---|---|---|---|
|68||Andrew John<br>Pierson|Rep to Circuit Meeting|09/06/22 to 31/08/22|Council<br>West Hallam Church|
|69||Lesley Ann Tooley|Rep to Circuit Meeting|09/06/22 to 31/08/22|West Hallam Church<br>Council|
|70|:|Anne Kettlewell|, Circuit Safeguarding<br>‘ Officer||Mid Derbyshire Circuit|





|Signed on behalf ofth|e charity’s trustees||
|---|---|---|
|Signature(s)|a11 LVIat4|A|
|Full name(s)|Ann Miller Anderson|Judith Anne Milner|
|Position (eg Secretary,<br>Chair, etc)|Superintendent Minister|Secretary ofthe Circuit Meeting|
|Date|‘a|31<br>°S)-3|





## 

## 

## 

## 

## 



## 




## 

|||||2022|2021|
|---|---|---|---|---|---|
||||Circuit|||
||||Model|||
|||Unrestricted|Trust|Total|Total|
|||funds|Fund|funds|funds|
||||||as restated|
||Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM||||||
|Charitable activities|4|||||
|Assessments on churches||285,652|-|285,652|299664|
|Worship centres||8,631|404,252|412,883|139971|
|Investment income|3|78,913|7,076|85,989|94,285|
|Other income|5|8485||8,485|16|
|Total||381,681|411,328|793,009|533,936|
|EXPENDITURE ON||||||
|Charitable activities|6|||||
|Assessments on churches||445,001|-|445,001|403.499|
|Worship centres||1,580|89,700|91,280|8,252|
|Other|8|12,247|56,661|68,908|113,026|
|Total||458,828|146,361|605,189|524,777|
|Net gains/(losses) on investments||91,237|(5,789)|85,448|772,618|
|NET INCOME||14,090|259,178|273,268|781,777|
|Transfers between funds|19|11,308|(11,308)||-|
|Net movement in funds||25,398|247,870|273,268|781,777|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||||||
|As previously reported||2,623,409|728,875|3,352,284|3.330.815|
|Prior year adjustment|12|760,308|-|760,308|-|
|As restated||3,383,717|728,875|4,112,592|3,330,815|
|TOTAL FUNDS CARRIED FORWARD||3,409,115|976,745|4,385,860|4,112,592|





## 

|||||2022|2021|
|---|---|---|---|---|---|
||||Circuit|||
||||Model|||
|||Unrestricted|Trust|Total|Total|
|||funds|Fund|funds|funds|
||||||as restated|
||Notes|£|£|£|£|
|FIXED ASSETS||||||
|Tangible assets|13|1,346,238|-|1,346,238|1.350378|
|Investments||||||
|Investments|14|-|-|-|65,656|
|Investment property|15|1,970,000|-|1,970,000|1,878,763|
|||3,316,238|-|3,316,238|3,294,797|
|CURRENT ASSETS||||||
|Debtors|16|46,705|1,226|47,931|20.198|
|Investments|17|-|59,867|59,867|-|
|Cash at bank||88,146|943,608|1,031,754|824,000|
|||134,851|1,004,701|1,139,552|844,198|
|CREDITORS||||||
|Amounts falling due within one year|lB|(41,974)|(27,956)|(69,930)|(26,403)|
|NET CURRENT ASSETS||92,877|976,745|1,069,622|817,795|
|TOTAL ASSETS LESS CURRENT|LIABILITIES|3,409,115|976,745|4,385,860|4.112.592|
|NET ASSETS||3,409,115|976,745|4,385,860|4,112,592|
|FUNDS|19|||||
|Unrestricted funds||||4,385,860|4,112,592|
|TOTAL FUNDS||||4,385,860|4,112,592|





## 

|||2022|2021|
|---|---|---|---|
||||as restated|
||Notes|£|£|
|Cash flows from operating activities||||
|Cash generated from operations|1|207754|23,894|
|Net cash provided by operating activities||207,754|23894|
|Cash flows from investing activities||||
|Purchase of tangible fixed assets||-||
|Net cash provided by/(used in) investing activities|||(4,822)|
|Change in cash and cash equivalents in||||
|the reporting period||207,754|19072|
|Cash and cash equivalents at the||||
|beginning of the reporting period||824,000|804,928|
|Cash and cash equivalents at the end of||||
|the reporting period||1,031,754|824,000|






## 

## 

||RECONCILIATION OF NET INCOME TO NET CASH|FLOW FROM OPERATIN|G ACTIVITIES||
|---|---|---|---|---|
||||2022|2021|
|||||as restated|
||||£|£|
||Net income for the reporting period (as per the Statement of Financial||||
||Activities)||273,268|781,777|
||Adjustments for:||||
||Depreciation charges||4140|4140|
||Gain on investments||(85,448)|(772,618)|
||(lncrease)/decrease in debtors||(27,733)|12,166|
||Increase/(decrease) in creditors||43,527||
||Net cash provided by operations||207,754|23,894|
|2.|ANALYSIS OF CHANGES IN NET FUNDS||||
|||At 1/9/21|Cash flow|At 31/8/22|
|||£|£|£|
||Net cash||||
||Cash at bank|824,000|207,754|1,031,754|
|||824,000|207,754|1,031,754|
||Liquid rcsources||||
||Deposits inchided in cash||||
||Current asset investments||59,867|59,867|
||||59,867|59,867|
||Total|624,000|267,621|1,091,621|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

|3.|INVESTMENT INCOME|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||||as restated|
|||||£|£|
||Rents received|||78,700|90,895|
||Short term accounts|||7,289|3,390|
|||||85,989|94285|
|4.|INCOME FROM CHARITABLE|ACTIVITIES||||
|||||2022|2021|
||||||as restated|
|||Activity||£|£|
||Assessments or share|Assessments on churches||285,652|299.664|
||Sale of closed churches|Worship centres||404,252|-|
||Refund of District levy|Worship centres||-|130713|
||Received from closed|||||
||churches|Worship centres||8,631|9,258|
|||||698,535|439,635|
|5.|OTHER INCOME|||||
|||||2022|2021|
||||||as restated|
|||||£|£|
||Church sales items and sundry|||8,485|16|
|6.|CHARITABLE ACTIVITIES COSTS|||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 7)|Totals|
||||£|£|£|
||Assessments on churches||441,841|3,160|445,001|
||Worship centres||89,700|1,580|91,280|
||||531.541|4,740|536,281|
|7.|SUPPORT COSTS|||||
||||||Governance|
||||||costs|
||||||£|
||Assessments on churches||||3.160|
||Worsh’p centres||||1,580|
||||||4,740|





## 

|OTHER|||
|---|---|---|
||2022|2021|
|||as restated|
||£|£|
|Other expenditure|15,637|11.432|
|Grants and donations|19,833|58.714|
|Contributions to District fund|33,438|42,880|
||68,908|113,026|



## 

## 

## 

|STAFF cosTs|||
|---|---|---|
||2022|2021|
|||as restated|
||£|£|
|Wages and salaries|204,961|190,432|
|Social security costs|14,128|15,576|
|Other pension costs|33,779|40,709|
||252,868|246,817|



|The average m|onth|ly numb|er of emoloyees during the year w|as as follows:|||
|---|---|---|---|---|---|---|
|||||2022||2021|
||||||as|restated|
|Administration|and|pastoral|salaries|5||5|
|Stipends||||5||5|
|||||10||10|





## 

## 

|COMPARATIVES FOR THE STATEMENT OF FINA|NCIAL ACTIVITIES|||
|---|---|---|---|
|||Circuit||
|||Model||
||Unrestricted|Trust|Total|
||funds|Fund|funds|
||||as restated|
||£|£|£|
|INCOME AND ENDOWMENTS FROM||||
|Charitable activities||||
|Assessments on churches|299,664|-|299.664|
|Worship centres|-|139,971|139,971|
|Investment income|91,064|3,221|94,285|
|Otherincome|16|-|16|
|Total|390,744|143,192|533936|
|EXPENDITURE ON||||
|Charitable activities||||
|Assessments on ciurches|403,499|-|403,499|
|Worship centres|-|8,252|8,252|
|Other|11,432|101,594|113,026|
|Total|414,931|109,846|524,777|
|Net gains on investments|760,308|12,310|772.618|
|NET INCOME|736.121|45,656|781 .777|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward|2,647,596|683,219|3,330,815|
|TOTAL FUNDS CARRIED FORWARD|3,383.717|728,875|4,112,592|



## 

|2021|Net assets|
|---|---|
||£|
|As previously reported|3,352,284|
|Freehold reclassified to investment property<br>Investment property reclassified from freehold|(1,118,455)<br>1,118,455|
|Revaluation|760,308|
||4,112,592|





## 

## 

|||
|---|---|
|2021|Funds|
||£|
|As previously reported|3,352,284|
|Revaluation reserve|760,308|
||4,112,592|



## 

|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
|||Fixtures||
||Freehold|and||
||property|fittings|Totals|
||£|£|£|
|COST||||
|At 1 September 2021 and 31 August 2022|1,339.270|20,703|1,359,973|
|DEPRECIATION||||
|At 1 September 2021|-|9,595|9,595|
|Charge for year||4,140|4,140|
|At 31 August 2022||13,735|13,735|
|NET BOOK VALUE||||
|At 31 August 2022|1,339,270|6,968|1,346,238|
|At 31 August 2021|1,339270|11,108|1,350,378|



## 

## 

## 

|INVESTMENT PROPERTY||
|---|---|
||£|
|FAIR VALUE||
|At 1 September 2021|1,878,763|
|Revaluation|91,237|
|At 31 August 2022|1,970,000|
|NET BOOK VALUE||
|At 31 August 2022|1,970,000|
|At 31 August 2021|1.878763|
|Fair value at 31 August 2022 is represented by||
||£|
|Valuation in 2021|1,118,455|
|Valuation in 2022|851,545|
||1,970,000|





## 

## 

## 

## 

|16.|DEBTORS: AMOUNTS F|ALLING D|UE WITHIN O|NE YEAR|||||
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
||||||||as restated||
|||||||£||£|
||Otherdebtors|||||47,931||20,198|
|17.|CURRENT ASSET INVESTMENTS||||||||
|||||||2022||2021|
||||||||as restated||
|||||||£||£|
||Other|||||59,357|||
|18.|CREDITORS: AMOUNTS|FAUJNG|DUE WITHIN|ONE YEAR|||||
|||||||2022||2021|
||||||||as restated||
|||||||£||£|
||Other creditors|||||69,930||26,403|
|19.|MOVEMENT IN FUNDS||||||||
|||||Prior|Net|Transfers|||
|||||year|movement|between||Al|
|||At|1/9/21|adjustment|in funds|funds||31/8/22|
||||£|£|£|£||£|
||Unrestricted funds||||||||
||General fund|2,623,409||-|(77,147)|11,308|2,557,570||
||Circuit Model Trust Fund|728,875||-|259,178|(11,308)||976,745|
||Revaluation|||760,308|91,237|||851,545|
|||3,352,284||760,308|273,268|-|4,385,860||
||TOTAL FUNDS|3,352,284||760,308|273,268|-|4,385,860||



|Net movement in funds, included in th|e above are as follows:||||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|381,681|(458,828)|-|(77,147)|
|Circuit Model Trust Fund|411,328|(146,361)|(5,789)|259,178|
|Revaluation|||91,237|91,237|
||793,009|(605,189)|85,448|273,268|
|TOTAL FUNDS|793,009|(605,189)|85,448|273,268|





## 

## 

## 

|||Net||
|---|---|---|---|
|||movement|At|
||At 1/9/20|in funds|31/8/21|
||£|£|£|
|Unrestricted funds||||
|General fund<br>Circuit Model Trust Fund<br>Revaluation|2647,596<br>683,219<br>-|(24,187)<br>45,656<br>760308|2,623,409<br>728,875<br>760,308|
||3,330,815|781,777|4,112,592|
|TOTAL FUNDS|3,330,815|781777|4,112.592|



## 

||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund<br>Circuit Model Trust Fund|390.744<br>143,192|(414,931)<br>(109,846)|-<br>12,310|(24.187)<br>45,656|
|Revaluation|-||760,308|760,308|
||533,936|(524,777)|772,618|781,777|
|TOTAL FUNDS|533,936|(524,777)|772,618|781,777|



## 

## 

##