**Nottingham Trent Valley Methodist Circuit**
# **Trustees’ Annual Report**
## **for the year ended 31 August**
## **1. Objectives and activities**
In setting our objectives and planning our activities, the Circuit Meeting convenes three times a year, has given careful consideration to the Charity Commissioners’ general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing our objectives, and conforms to the Charities Act 2011.
The Circuit Meeting in January 2022 agreed a 'motto' - 'Being Jesus in all we do with all we meet'
A modified Circuit Mission statement was agreed as follows:
_we offer ministry and the love of God to_ _**ALL** regardless of gender, race, creed, age, ability, or sexual orientation. We simply seek to respond to God’s love in Jesus Christ and seek over the next three years to try to achieve the following goals:_
## _**Worship, Prayer, fellowship and sharing the Good News with those we meet through outreach to our local communities.**_
- Yr 1: To work closer together as a Circuit both online and in person. Yr 2: To plan and host a Circuit wide 24hr prayer event, organised by the Clergy team. Yr 3: To be more courageous offering prayer through a serious of street events.
## _**Being open to God’s Grace in everyone**_
- _Yr 1:_ For 50 percent of the Circuit Churches to be engaged in conversation around Equality Diversity and Inclusion
- _Yr 2:_ For 50 percent of the Circuit Churches to be registered, and working towards Equality, Diversity, and Inclusion
- _Yr 3:_ For the remainder of Circuit Churches to be engaged in conversation and supported by those already registered, around Equality, Diversity, and Inclusion
## _**Caring and taking responsibility for God’s earth**_
- Yr 1: For those already striving for “Eco Status” to encourage other Circuit Churches to do so through visiting and talking to them
- Yr 2: For more than 50 percent of Circuit Churches to be working towards bronze status or above Yr 3: For the Circuit to host a District Event on becoming registered and working towards
## **Guiding people to Christ through discipleship**
- Yr 1: To be intentional about our own Spiritual development through quarterly Circuit Study days organised by the Clergy team
- Yr 2: To offer Alpha courses, or an alternative, in each section, headed up by the Clergy team Yr 3: For the Circuit to be encouraging “Open the book” from each section.
## _**Seeking to ensure justice for all.**_
- Yr 1: For each Church to engage with their local MP/s and Local Councillors
- Yr 2: For the Circuit to engage in appropriate lobbying
- Yr 3: For the Circuit to host a “Justice for all” event for both other Churches and local
groups.
## _**Making new followers of Jesus and New Methodists.**_
Year 1; Identify core practices of growth and identify where they are currently. Year 2; Ensure 50% of churches are implementing a living mission for growth, embed core practices Year 3; Further embed core practices of growth in at least 50% of churches _._
Page **1** of **27**
## **2. Achievements and performance**
The Circuit Staff this year has consisted of 4 full time ordained staff. We employ a Lay Chaplain to work alongside the ordained chaplain at the Universities and a circuit administration manager.
The circuit is now registered as an Eco circuit. Five individual churches are now registered and four have achieved bronze status. Although churches have now returned to worship in buildings some churches continue to offer worship via Zoom and / or recorded worship. In addition, the circuit provides weekly on-line worship on Sunday evenings.
Beeston Methodist Church continue with fund raising and seeking approvals for their scheme to redevelop the building including local authority approval.
Challenges around buildings and reducing membership resulted in Lenton, Radford and Bramcote Methodist Churches concluding that their worship and mission life had run its course and that the church should close subject to denominational approval.
The circuit meeting agreed that the manse that became vacant following the departure of Revd. Matt Fugill should be used to house a refugee family. We have established a link with a local charity Erewash Community Partnership to match the house with a family of Syrian refugees.
The circuit meeting agreed that we explore the possibilities of using the church building at Radford for community outreach under the Methodist Church New Places for New People initiative.
The Circuit’s principal source of income is the assessment raised from the 12 churches in the Circuit. Each church contributes to the assessment in proportion to its net income and membership
The Circuit’s main items of expenditure are the stipends of the presbyters and deacon, expenses incurred in their ministry, and the maintenance and other expenses of the manses where they live. The increase in stipends in the financial year was approved at the Methodist Conference.
29% of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church.
Monies raised by selling manses that are no longer required is being used to make grants to the local churches. These grants are of 2 kinds:
- Grants which support part time or full-time lay workers attached to the churches
- Grants to smaller churches to help with the cost of essential maintenance work.
£3,237 was granted to the churches during the year.
Page **2** of **27**
## **3. Reserves Policy**
The reserves policy for the unrestricted general fund is to hold a minimum of one quarter’s worth each of stipends, District assessment and manse related costs of insurance, council tax and water, plus one quarter’s transfer to the manse maintenance account. This policy is based upon all individual churches having a reserves policy equivalent to the 6-month level suggested by the Connexion, and three quarters of them meeting this requirement.
The reserves policy of the manse maintenance account is to hold a minimum of 3 months of regular annual expenditure.
Other designated funds have no reserves policy as funds are used for appropriate purposes until they are exhausted.
The reserves policy for the Circuit Model Trust Fund is that money is ring fenced for particular church schemes when income has been generated from sales of property belonging to the Circuit. The trustees are mindful of their responsibilities to use other balances in accordance with Standing Orders.
The reserves held at the end of the year were as follows:
||£|
|---|---|
|_Unrestricted funds_||
|General Fund|2,077,282|
|Circuit Model Trust Fund|812,320|
|_Total unrestricted funds_|2,889,602|
|||
|_Designated funds_||
|Manse fund|0|
|Beeston Development Fund|0|
|Training fund|982|
|_Total designated funds_|982|
|||
|_Restricted funds_||
|Chaplaincy Fund|20,417|
|_Total restricted funds_|_20,417_|
|||
|_Total funds_|2,911,001|
|||
|Total undesignated and unrestricted|2,890,584|
|Funds||
|_Less:_invested in manses|2,012,868|
|_Uncommitted reserves, readily_||
|_Available_|_69,167_|
Page **3** of **27**
## **4. Trustees’ responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP.
- make judgements and estimates that are reasonable and prudent.
- state whether applicable accounting standards have been followed, subject to any material departures
- disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
- charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Training in the responsibilities of trustees is offered to all new trustees soon after their appointment.
## **Safeguarding**
Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.
Methodist Connexional practice outlines commitment to the following principles:
- The care and nurture of, and respectful pastoral ministry with, all children, young people, and adults.
- The safeguarding and protection of all children, young people, and adults when they are vulnerable.
- The establishing of safe, caring communities which provide a loving environment where there is
- informed vigilance as to the dangers of abuse.
• We will carefully select and train all those with responsibility within the church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
• We will respond without delay to every complaint made which suggests that an adult, child, or young person may have been harmed, cooperating with the police and local authority in any investigation.
• We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
- We will seek to challenge any abuse of power, especially by anyone in a position of trust.
• We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of the church community known to have offended against a child, young person, or vulnerable adult.
- In all these principles we will follow legislation, guidance and recognised good practice.
Page **4** of **27**
The Nottingham Trent Valley circuit commits itself to
• ensuring the implementation of Connexional Safeguarding Policy, government legislation, guidance, and safe practice in the Circuit and in the churches.
• the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.
## **5. Structure, governance, and management**
The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976).
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church (CPD) by order of the annual Methodist Conference.
Day to day management of the Circuit is undertaken by the Circuit Leadership team made up of the Circuit Ministers, the Circuit Stewards, the Circuit Accountant, and the Circuit Administrator.
The Circuit is part of the Notts and Derby Methodist District and is also accountable to the Methodist Conference.
The following Methodist churches are part of the Circuit:
Beeston Methodist Church, Beeston
Bramcote Methodist Church, Bramcote
Breaston Methodist Church, Breaston
Christ Church Methodist Church, Long Eaton
Grangewood Methodist Church, Wollaton
Kingswood Methodist Church, Wollaton
Lenton Methodist Church, Nottingham
Radford Methodist Church, Nottingham
Sandiacre Methodist Church, Sandiacre
Stapleford Methodist Church, Stapleford
Toton Methodist Church, Toton
Trinity Methodist Church, Long Eaton
The sharing agreement with St Barnabas Anglican Church Inham Nook has finished. The Cafe church that used to meet in the premises on Sunday afternoon is now hosted by the churches in the circuit.
Page **5** of **27**
## **6. Reference and Administrative Details**
## **Name of the Charity:**
Nottingham Trent Valley Methodist Circuit
## **Charity registration number:**
1139890, registered in England and Wales
## **Principal Office:**
Stapleford Methodist Church
40 Eatons Rd, Stapleford, Nottinghamshire, NG9 7EA
## **Circuit Ministers and Officers**
Active Circuit Ministers Rev Ruth Simpson - superintendent minister Revd. Arnold Dixon Revd. Christine Fox Revd. Matthew Fugill (until 31st August 2022) Revd. Alistair Jones
Circuit Stewards Mr. Eric Davies (resigned 31st August 2022) Mrs. Gill Watts Dr Neil Jones Mr. Martin Sykes Mrs. Tracy Shaw Mr. Richard Collins Ms. Joanne Peek Mrs. Helen Newham (From 8th June 2022) Mrs. Ann Sanders (from 8th June 2022) Mr. John Hindson (from 8th June 2022)
Accountant Mr. Paul Lewis (resigned 18th January 2022) Administration Manager Mrs. Cheryl Smith
Mrs. Hannah Knighton has been contracted as Circuit accountant from 18th January 2022 Martin Sykes is the Senior Circuit Steward overseeing finance issues.
Page **6** of **27**
Methodist ministers are appointed to the Circuit by the Methodist Conference. Circuit officials are appointed by the Circuit Meeting from members of churches within the Circuit. All trustees must be members of the Methodist Church. Full membership is shown in Appendix A to this report.
## **Bankers**
HSBC plc CAF Bank Ltd Central Finance Board The Square 25 Kings Hill Avenue 9 Bonhill Street Beeston Kings Hill London Nottingham West Malling EC2A 4PE NG9 2AN Kent, ME19 4JQ
## **Investment bankers and custodian trustees**
Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ
## **Independent Examiner**
Community Accounting Plus Units 1&2 North West 41 Talbot Street Nottingham NG1 5GL
## **Payroll services**
Wren Taxation Services Ltd 4 Cross Street Beeston Nottingham NG9 2NX
Page **7** of **27**
## **7. Declaration**
The Trustees’ Annual Report was approved by the Circuit Meeting on January 2023.
Signed on behalf of the Charity’s Trustees:
………………………………………………..
Rev Christine Fox Superintendent minister
………………………………………………..…………………………………………….
Martin Sykes
Senior Circuit Steward
Date …31-3-2023……………………
Page **8** of **27**
## **Appendix A –Trustees of the Nottingham Trent Valley Circuit**
## **Staff**
Rev Arnold Dixon
Rev Matthew Fugill (until 31st August 2022) Rev Christine Fox Rev Alistair Jones Rev Ruth Simpson (appointed 1st September 2021)) Rev Susan McIvor (District Safeguarding officer)
## **Supernumeraries**
Rev Susan Holmes Rev Melanie Stoodley Rev Judi Smart
## **Beeston Methodist Church**
Mr. Tony Beardsall Mrs. Dianne Blakeley Mr. Malcolm Wilson Mr. Ray Howard Mr. David Lowe Mr. Andrew Taylor Mr. Roy Tomkinson
## **Bramcote Methodist Church**
Mrs. Ruth Coffey Mrs. Christine Walker (resigned 23rd October 2022)
## **Circuit Stewards**
Mr. Eric Davies (resigned 31st August 2022) Dr Neil Jones
Mr. Martin Sykes Mrs. Gill Watts Mrs. Tracy Shaw Richard Collins
## **Breaston Methodist Church**
Mrs. Nancy Plummer Mrs. Margaret Stone
Mrs. Ann Sanders (from 8th June 2022) Mrs. Helen Newham (from 8th June 2022 Mr. John Hindson (from 8th June 2022
## **Circuit Officers**
Mr. Geoff Albiston (resigned 31st August 2022) Mrs. Hilary Davies (resigned 31st August 2022) Mr. Jono Graham (resigned 31 August 2022)
Mr. John Hindson
Mr. Colin Firbank
Mr. Ray Howard
Mrs. Jenny Weir (resigned 31st August 2022)
Mrs. Daphne Ball
Dr Connie Pullan (resigned 18th November 2021)
Mr. Colin Ward
Mrs. Cheryl Smith
Page **9** of **27**
## **Christ Church Methodist Church**
Mr. David Brown
Ms. Suzanne Brown
Miss Pauline Bunting
Mrs. Pauline Porter (resigned 28th February
2022))
## **Sandiacre Methodist Church**
Mrs. Lyn Hayes Miss Carol Marshall
Mrs. Pat Morley Mrs. Barbara Williams Mr. John Woolley (from 01/09/2022))
Ms. Alison Johnson
## **Grangewood Methodist Church**
Mr. Michael Bannister
Mrs. Dilys Oldham
Mr. Geoff Saville (resigned 31st August 2022) Mrs. Nikki Tucker
Mrs. Valerie Hudson (resigned 31st August 2022))
## **Kingswood Methodist Church**
Mrs. Tanya Cook Mr. David Raizada Mr. John Mostyn
## **Lenton Methodist Church**
Mrs. Barbara Cumberland
Dr Rodric Francis
## **Stapleford Methodist Church**
Mrs. Daphne Ball Miss Rebecca Hindson
Mr. Gordon Poulson Mr. Antony Roebuck (resigned 31st August 2022) Mrs. Karen Roebuck resigned 31st August 2022) Mrs. Jean Trueman
## **Toton Methodist Church**
Ms. Judith Coomber Mrs. Heather Rolfe Mrs. Maureen Hunter Mrs. Louise Lawrenson
Dr Mark Greenaway (resigned 31/08/2022) Mr. Emmanuel Ofori
Mrs. Mary Wilde (resigned 31/08/022)
## **Trinity Methodist Church**
## **Radford Methodist Church**
Mrs. Dorcas Akyeampong (resigned 31/08/022) Mr. Fred Nitamoah (resigned 31/08/2022)
Mr. Gary Robins (resigned 31/08/2022)
Mr. John Walton Mr. John Walton Mrs. Tracy Bird Mr. John Crofts (from 01/09/2022) Mrs. Sue Bradley (from 01/09/2022) Mr. Richard Hindson (from 01/09/2022)
Page **10** of
# **THE NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
(Charity Registration No 1139890)
## **FINANCIAL STATEMENTS**
**For the year ending 31 August 2022**
Page **11** of
Circuit No 22/04
## **NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
## Nottingham Trent Valley Circuit
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2022**
|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
210
**210**
Income from monetary investments
377 3,850 20
**4,247**
Income from investment properties
4
**0**
Assessments on Churches
5
280,567
**280,567**
Grants received
6
12,000
**12,000**
Other charitable income
7
21,951
**21,951**
**303,105 3,850 20 12,000**
**0 318,975**
**Expenditure**
Grants and donations
8
- -
**0**
9
205,602
17,106
**222,708**
10
50,172
19,152
**69,324**
District Assessment & Levy
11
65,544 56,929
**122,473**
Depreciation
BS1
448
**448**
Office and administration expenses
12
2,988 2,496 51
**5,535**
Other outgoings
13
2,358
**2,358**
**Total charitable expenditure**
**327,112**
**59,425**
**19,203**
**17,106**
**0**
**422,846**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**-24,007**
**-55,575**
**-19,183**
**-5,106**
**0**
**-103,871**
Transfers between funds
8,10
-20626
5627 14,999
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-44,633**
**-49,948**
**-4,184**
**-5,106**
**0**
**-103,871**
Total funds brought forward
2,108,125 862,268 18,955 25,523 -
3,014,871
**Total funds carried forward**
**2,063,492 812,320**
**14,771 20,417**
**0 2,911,000**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2021-22**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|
|---|---|---|---|---|---|---|---|
|||210|||||**210**|
|||377|3,850|20|||**4,247**|
||4||||||**0**|
||5|280,567|||||**280,567**|
||6||||12,000||**12,000**|
||7|21,951|||||**21,951**|
|||**303,105**|**3,850**|**20**|**12,000**|**0 **|**318,975**|
|||||||||
||8|-|-||||**0**|
||9|205,602|||17,106||**222,708**|
||10|50,172||19,152|||**69,324**|
||11|65,544|56,929||||**122,473**|
||BS1|448|||||**448**|
||12|2,988|2,496|51|||**5,535**|
||13|2,358|||||**2,358**|
|||**327,112**|**59,425**|**19,203**|**17,106**|**0**|**422,846**|
|||0|0|0|0|0|**0**|
|||0|0|0|0|0|**0**|
|||**-24,007**|**-55,575**|**-19,183**|**-5,106**|**0**|**-103,871**|
||8,10|-20626|5627|14,999|||**0**|
|||0|0|0|0|0|**0**|
|||**-44,633**|**-49,948**|**-4,184**|**-5,106**|**0**|**-103,871**|
|||2,108,125|862,268|18,955|25,523|-|3,014,871|
|||**2,063,492**|**812,320**|**14,771 **|**20,417**|**0 **|**2,911,000**|
Page **12** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
**Circuit No 22/04**
Nottingham Trent Valley Circuit
## **Balance Sheet as at 31 August 2022**
**----- Start of picture text -----**
General Fund Circuit Model Designated Restricted Endowment Totals Totals 2020/21
(Unrestricted) Trusts Funds Funds Funds 2021/22
Notes to the (Unrestricted) (Unrestricted)
Accounts £ £ £ £ £ £ £
Fixed Assets
Circuit Manses & Equipment BS1 2,013,763 2,013,763 2,012,868
Investment properties 0
Investments 0
Total fixed assets 2,013,763 0 0 0 0 2,013,763 2,012,868
Current Assets
Debtors BS2 22,912 22,912 23,429
Loans by the Circuit 0 0
Investments with TMCP BS3 820,144 820,144 875,719
Central Finance Board Deposits BS4 93,088 20,417 113,505 144,669
Cash at Bank and in hand BS4 7,080 14,771 6,274 28,125 53,209
Total current assets 123,080 820,144 14,771 26,691 0 984,686 1,097,026
Current liabilities
Creditors (due in under 1 year) BS5 73,351 6,274 79,625 81,572
Grants payable within 2022-23 BS6 . 7,824 7,824 11,190
Total current liabilities 73,351 7,824 0 6,274 0 87,449 92,762
Net current assets/liabilities 49,729 812,320 14,771 20,417 0 897,237 1,004,264
Total assets less current liabilities 2,063,492 812,320 14,771 20,417 0 2,911,000 3,017,132
Long term liabilit ies
(due af ter more than one year)
Grants payable after 2021-22 BS6 0 2,261
Loans to the Circuit 0 0
0 0
Net assets 2,063,492 812,320 14,771 20,417 0 2,911,000 3,014,871
Funds of the Circuit
General Fund (Unrestricted) BS7 2,063,492 2,063,492 2,108,125
Circuit Model Trust Fund (Unrestricted) BS7 812,320 812,320 862,268
Designated Funds (Unrestricted) BS7 14,771 14,771 18,955
Total Unrestricted Funds 2,890,583 2,989,348
Restricted Funds BS8 20,417 20,417 25,523
Endowment Funds 0 0 0
Total Funds BS9 2,063,492 812,320 14,771 20,417 0 2,911,000 3,014,871
**----- End of picture text -----**
Signed
Circuit Treasurer
Page **13** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
## 1 Basis of accounting and accounting policies
## **i. Accounting standard**
The financial statements have been prepared in accordance with _Accounting and Reporting by Charities: Statement of Recommended Practice (SORP)_ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) – (Charities SORP (FRS 102)).
## **ii. Public benefit entity**
The Nottingham Trent Valley Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note below.
## **iii. Basis**
These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts that show a true and fair view of the Circuit’s financial position and activities.
## **iv. Content**
The financial information presented is relevant, reliable, comparable and complete. Where estimates are used, these are based on experience, research and judgement. The accounts are expressed in £Sterling, rounded to the nearest pound.
## **v. FRS102 SORP 2015**
These accounts are compliant with FRS102 and with the FRS102 SORP 2015. The previous year’s published accounts have been presented on the same basis. The accounts have been prepared in accordance with applicable charity law in England, this being the Charities Act 2011 and SI2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to SORP 2015 in accordance with Reg.8(4)(d) of SI 2008/629, the charity trustees have departed from the requirement of Reg.8(5) by following SORP (FRS102) instead of SORP 2005 to the extent necessary to give a true and fair view in the circumstances.
## **vi. Going concern**
Based on the monetary assets and human resources available at 31 August 2022, the trustees believe that the Circuit is a going concern.
## **vii. Consolidation**
The Circuit has denominational regulatory over sight in respect of the work of the Churches within the circuit, but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of Churches within the Circuit are not consolidated into these financial statements.
## **viii. Income recognition**
Income is brought into the accounts when there is entitlement and the amount is reliably measurable once it is more likely than not that the economic benefit of the income will be forthcoming. In accordance with the Charities SORP (102), the time of volunteers is not recognised.
Page **14** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
## **ix. Expenditure**
This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measurable, and it is considered more likely than not that there will be an outflow of economic benefit.
## **x. Grants**
Grants made by the Circuit from its own funds are recognised in full at the time of the agreement to make a grant without performance conditions, or as and when the Circuit accepts that there is a legal or operational obligation to make the payment if it is subject to performance conditions. When the grant to be accrued is recurrent over more than one year, the balance payable in future years is treated as a provision for future commitments in the balance sheet against the appropriate fund, the provision being released in future years in accordance with the originally agreed terms.
## **xi. VAT**
Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.
## **xii. Tangible fixed assets**
These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2015 values. No depreciation is provided because the trustees consider the current residual value of the property is its present condition to be not less than its historical cost and, in the absence of any evidence of impairment, any depreciation provision for the buildings component of the property would be immaterial.
## **xiii. Investment property**
From time to time the Circuit may hold residential property (formerly manses) which is surplus to its normal staffing requirements. Where this is the case and it is anticipated that the property is unlikely to be used as a manse within a period of two years, the property is classified as Investment Property (whether let out or not) and any lets are at market rates unless there is a compelling reason not to do so in furtherance of the Circuit’s charitable objectives. Any such cases are specified in note 4 below.
## **xiv. Methodist Connexional Funds**
The Methodist Church Connexion raises assessments against Circuits, and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuits. The District quarterly remits to the Methodist Church Fund most of the sum received from the Circuits. A small sum is retained by the District to meet its own costs.
## **xv. Exemption from preparing a cash flow statement**
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **xvi. Ministers’ manse costs**
The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Circuit bears the cost of repairs, maintenance, buildings insurance, Council Tax and water charges. These figures are not separately disclosed as benefits-in-kind for ministers as HMRC does not seek to tax these receipts in the hands of ministers.
## 2 Glossary of terms
**CFB:** Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled investment funds for Methodist entities in Great Britain and provides investment advice to those entities.
**Church:** a group of members from fewer than 10 to more than 300
Page **15** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
**Circuit:** a group of Methodist Churches geographically near each other, typically between 10 and 30 **Circuit Meeting:** The trustees of the Circuit, most of whom are appointed by their local Churches and others by virtue of a role they undertake for the Circuit and/or their local Churches **CLT (Circuit Leadership Team):** A group (comprising mostly, but not exclusively) of Circuit trustees responsible for the day to day administration and policy formulation of the Circuit. Generally, the CLT comprises the Presbyters and Deacons stationed within the Circuit and the Circuit Stewards **CMTF:** Circuit Model Trust Fund **Connexion:** The Methodist Church in GB which includes the Head Office at Methodist Church House, all Methodist Districts, Circuits and Churches in Great Britain **Connexional Funds:** The Designated and/or Restricted Funds held and administered by the Connexion in furtherance of its charitable and mission objectives **CPF:** Connexional Priority Fund **District:** a group of adjoining Circuits, usually between 15 and 30 **DAF:** District Advance Fund **FRS:** Financial Reporting Standard **GPF:** General Property Fund **HMRC:** Her Majesty’s Revenue and Customs **Lay Employees:** Personnel employed by the Circuit on generally accepted commercial employment terms **MMPS:** Methodist Ministers’ Pension Scheme **NEST:** National Employment Savings Trust **Presbyters (including Superintendent):** Probationer or Ordained Methodist Ministers and /or Deacons who have pastoral and administrative responsibility for the Churches within the Circuit **SOFA:** Statement of Financial Activities **SORP:** Statement of Recommended Practice **TMCP:** Trustees for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Trust property, including Legacies, Endowments and Accumulated Funds
Page **16** of **27**
## **NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
Notes to the accounts for the year ending 31 August 2022
## 3.1 Comparative SOFA forming part of previous year’s accounts
## Nottingham Trent Valley Circuit
Circuit No 22/04
## **Statement of Financial Activities (SOFA) for the year ended 31 August 2021**
|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|£
£
£
£
£
£
**Income**
Donations and legacies
99
**99**
Income from monetary investments
186 3,044 15
**3,245**
Income from investment properties
4
**0**
Assessments on Churches
5
297,769
**297,769**
Capital Receipts
6
**0**
Grants received
7
12,000
**12,000**
Other charitable income
8
27,063
**27,063**
**325,117 3,044 15 12,000**
**0 340,176**
**Expenditure**
Grants and donations
9
302 17,704
**18,006**
10
209,129
15,071
**224,200**
11
26,842
8,772
**35,614**
District Assessment & Levy
12
83,672 63,570
**147,242**
Office and administration expenses
13
3,920 1,928
**5,848**
Other outgoings
14
864
**864**
**Total charitable expenditure**
**324,729**
**83,202**
**8,772**
**15,071**
**0**
**431,774**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
**Net income/(expenditure)**
**388**
**-80,158**
**-8,757**
**-3,071**
**0**
**-91,598**
Transfers between funds
9,11
-2000
-4000 12,000
-6000
**0**
Other gains/(losses)
0
0
0
0
0
**0**
**Net movement in funds**
**-1,612**
**-84,158**
**3,243**
**-9,071**
**0**
**-91,598**
Total funds brought forward
2,109,737 946,426 15,712 34,594
3,106,469
**Total funds carried forward**
**2,108,125 862,268 18,955 25,523**
**0 3,014,871**
**Notes to**
**the**
**accounts**
**General Fund**
**(Unrestricted)**
**Circuit Model**
**Trust**
**(Unrestricted)**
**Designated**
**Funds**
**(unrestricted)**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2020-21**
**Total income**
Stipends, Salaries and associated
costs
Property maintenance and running
costs
Gains/(losses) on monetary
investments
(
)
properties|
|---|---|---|---|---|---|---|---|
|||99|||||**99**|
|||186|3,044|15|||**3,245**|
||4||||||**0**|
||5|297,769|||||**297,769**|
||6||||||**0**|
||7||||12,000||**12,000**|
||8|27,063|||||**27,063**|
|||**325,117**|**3,044**|**15**|**12,000**|**0 **|**340,176**|
|||||||||
||9|302|17,704||||**18,006**|
||10|209,129|||15,071||**224,200**|
||11|26,842||8,772|||**35,614**|
||12|83,672|63,570||||**147,242**|
||13|3,920|1,928||||**5,848**|
||14|864|||||**864**|
|||**324,729**|**83,202**|**8,772**|**15,071**|**0**|**431,774**|
|||0|0|0|0|0|**0**|
|||0|0|0|0|0|**0**|
|||**388**
**-80,158**
**-8,757**
**-3,071**||||**0**|**-91,598**|
||9,11|-2000|-4000|12,000|-6000||**0**|
|||0|0|0|0|0|**0**|
|||**-1,612**|**-84,158**|**3,243**|**-9,071**|**0**|**-91,598**|
|||2,109,737|946,426|15,712|34,594||3,106,469|
|||**2,108,125**|**862,268**|**18,955**|**25,523**|**0 **|**3,014,871**|
Note 4 Income from Investment Properties
The trustees acknowledge that the number of manses currently owned is in excess of requirements. However at present it is not possible to identify a specific manse or manses that might be sold therefore none of the manses are currently classified as Investment Properties generating income. Note 5 Assessment on Churches
An assessment on churches is annually determined by the Circuit using a formulaic method which takes into account the relative number of members in each church, its relative income and a measure of ministerial time
Page **17** of **27**
Notes to the accounts for the year ending 31 August 2022
## **NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
allocated to each church. Assessments on churches are quarterly in advance and are treated as pre payments on a receivable basis.
|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|Note 6
Grants
Receivab
le
**Church**
**General**
**CMTF Desig.**
**Restricted**
**Endow**
**2021**
**Beeston**
**63,656**
**63,656 67,148**
**Bramcote**
**6,848**
**6,848 6,536**
**Breaston**
**12,812**
**12,812 12,228**
**Christ Church**
**17,440**
**17,440 18,396**
**Grangewood**
**37,724**
**37,724 37,900**
**Kingswood**
**27,048**
**27,048 27,592**
**Lenton**
**12,864**
**12,864 13,384**
**Radford**
**6,020**
**6,020 11,580**
**Rylands**
**1,767**
**1,767 7,068**
**Sandiacre**
**19,472**
**19,472 18,584**
**Stapleford**
**16,380**
**16,380 17,280**
**Toton**
**16,684**
**16,684 15,925**
**Trinity**
**41,852**
**41,852 44,148**
**Totals 280,567**
**0**
**0**
**0**
**0 280,567 297,769**
**Total**
**2022**
**General**
**CMTF Desig. Restricted Endow Total 2022**
**2021**
District - University Chaplaincy Work
12,000
12,000
12,000
**Totals**
**0**
**0**
**0**
**12,000**
**0**
**12,000**
**12,000**|
|---|---|---|---|---|---|---|---|---|
|||**General**|**CMTF **|**Desig. **|**Restricted **|**Endow **|**Total 2022**|**2021**|
||**tals 280567**
**0**|**0**|**0**||**0 280567**|**297**|**769**||
||**,**
District - University Chaplaincy Work||||**,**
12,000||
12,000|12,000|
||||||||||
||**Totals**|**0**|**0**|**0**|**12,000**|**0**|**12,000**|**12,000**|
**----- Start of picture text -----**
Note 7 Other Charitable Income
Total
General CMTF Desig. Restricted Endow 2022 2021
Manses Rental Income 13,918 13,918 22,618
Manses Utilities Recharged 3,494 3,494 1,899
Manses Maintenance Expenses
Recharged 0 156
Removal & Relocation Costs
Recovered 0 0 2,100
Grant for Stairlift 1,690 1,690 0
Away day donations 77 77
Rylands account closure 2,646 2,646
Farewell present MF -2022 SH – 20 125 125 290
Totals 21,951 0 0 0 0 21,951 27,063
**----- End of picture text -----**
## Note 8 Grants & Donations payable
Grants and donations as listed below were agreed and/or made during the year. Where a grant has been made from the Circuit Model Trust Fund, and the grant monies are for use within the Circuit, they are treated as a transfer between Funds. The table below details the new grants as agreed and paid over this year, this year’s instalments of grants agreed in prior years and the future instalments of grants to be paid.
Page **18** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
**----- Start of picture text -----**
Circuit Model Trust Fund
Paid this Paid
Unpaid year Internal Carried 2022 Total 2022 Total
Grantee/Donee B/fwd External Tfr Forward Paid Ext Paid Tfr
Kingswood MC Lay Worker 4,467 4,467 -
Grangewood MC Lay Worker 3,300 3,300 -
Stapleford MC Boiler Replacement - -
Beeston MC-Support Worker 5,684 5,627 57 5,627
Totals 13,451 5,627 7,824 5,627 -
**----- End of picture text -----**
**Total Grants Approved 21/22 Total CMTF Transfers 21/22**
5627
## Note 9 Stipends and Salaries and Associated Costs Stipends
**----- Start of picture text -----**
Full Time (5) Part Time General Desig Restricted Total 2022 2021
Stipends 131,702 131,702 131,702 130,172
National Insurance Contributions 12,549 12,549 12,549 12,002
Pension fund Contributions 34,733 34,733 34,733 34,330
Apprenticeship Levy 668 668 668 711
P11D National Insurance
Computers for Ministry 855 855 855 845
Travelling 3,938 3,938 3,938 2,018
Telephone & Broadband 5,054 5,054 5,054 4,124
Removal, Stationing & Relocation Costs 7,520 7,520 7,520 4,364
Sundry Expenses - 91 - 91 - 91 184
196,928 - 196,928 196,928 188,750
**----- End of picture text -----**
Stipends were paid to 5 presbyters as follows:
The Circuit employs lay staff involved in Pastoral, Chaplaincy Support and Administration work. The costs of these staff are shown below in their separate categories. The circuit accountant is self-employed 2022 onwards
**----- Start of picture text -----**
Admi
Part Time
Administrator Accountant General Desig Restricted Total 2022 2021 nistra
Salaries 5,981 2,532 8,513 8,513 8,053 tion
Nat ional Insurance Contribut ions - - - - 41 Staff
Pension fund Contribut ions - - - - 31
Apprent iceship Levy 104 57 161 161 132
Travelling - - - - 94 Past
Sundry Expenses - - - - 179 oral
6,084 2,589 8,674 8,674 8,529 &
**----- End of picture text -----**
Chaplaincy Staff
Page **19** of **27**
Notes to the accounts for the year ending 31 August 2022
## **NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
**----- Start of picture text -----**
Part Time
Pastoral Worker Chaplaincy General Desig Restricted Total 2022 2021
Salaries 15,575 - 15,575 15,575 24,437
National Insurance Contributions 960 - 960 960 1,355
Pension Fund Contributions 497 - 497 497 844
Apprenticeship Levy 74 - 74 74 286
Travelling - -
Sundry Expenses - - - -
- 17,106 - 17,106 17,106 26,921
**----- End of picture text -----**
No employees received employee benefits of more than £60,000. There is no accrual for holiday pay as it is immaterial; the holiday year ends on 31 August. All staff are paid above the living wage. Pensions
Most ordained presbyters and deacons are members of the Methodist Ministers’ Pension Scheme (MMPS), which is a defined benefit scheme. The supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deacons) are not employees of the church. For simplicity, however, when dealing with National Insurance contributions and pension contributions, the terms ‘employee’ and ‘employer’ are used as they would be in an employing body. Lay employees are contractually employees and have the option of joining a pension scheme which the Circuit has arranged with NEST. This is a defined contribution scheme and the Circuit contributes as employer to this scheme.
## Note 9a Cost of Superintendent & Presbyters
The Superintendent of the Circuit, the other Presbyters and the remaining members of the Circuit Leadership Team (CLT) are considered as Key Management Personnel. The Superintendent chairs meetings of the CLT, and Circuit Meetings. The members of the Circuit Meeting are the trustees of the Circuit. The stipends, employer’s NIC and employer’s pension contributions, and other expenses of the Presbyters of the Circuit, are paid by the Circuit.
The manses are provided by the Circuit and the Circuit maintains the properties The values of the council tax and water charges paid by the Circuit are not disclosed here as HMRC does not regard this as a benefit in kind in the hands of the minister.
Each Presbyter is entitled to a 3 month sabbatical every 5 years and the expenses incurred by the Presbyter are met by the Connexion with the Circuit continuing to pay the stipend. During the year there was 1 sabbatical (Rev C. Fox). The Circuit does not accrue for holiday pay cover as the remaining staff cover the holidays as needed and without extra pay.
## Payments to Trustees
It is generally not Circuit policy to reimburse non Presbyteral members of the CLT, Circuit Meeting and others involved in the administration of Circuit affairs for expenditure properly incurred in carrying out their duties. The Presbyters of the Circuit undertake the primary executive roles within the Circuit. Apart from the 5 Presbyters, and Circuit Administrator (currently a trustee) no member of the Circuit Meeting or CLT was in receipt of any payment for work undertaken on behalf of the Circuit. One trustee, Mrs. C. Smith, is an employee of the Circuit and is in receipt of a salary and other employment related expenses. The travel costs of Presbyters who attended CLT and Circuit Meetings is included within their overall travel expenses (detailed in note 10) and is not separately determined.
Page **20** of **27**
## **NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
## Note 10 Property expenses
The Circuit is managing trustee for 7 manses, that are occupied by ministers stationed in the Circuit. Two manses (3 Brookside Avenue and 41 Trenton Drive) are let on Assured Short hold Tenancy Agreements. With the exception of the let manses, the Circuit is responsible for the payment of Council Tax, Utilities, Water Charges and Insurance.
The cost of ongoing maintenance and improvements to all properties is funded through a Designated Manses Fund and historically a contribution of £5,000 per quarter was made from the General Fund. In the year 2021/22
**----- Start of picture text -----**
the account
General CMTF Desig. closed and all
Council Water Gas & Repairs Repairs
Manse Insurance Maint Sub-total Maint Total costs going
Tax supply Electric Improve Improve 2022 2021 forward will
Unallocated 232 413 645 645 184 be covered
Brookside Avenue 1,231 516 96 1,273 13,841 16,957 16,957 2,029 by the
Cumberland Avenue 2,622 472 876 3,970 5,352 9,321 4,071
Endsleigh Gardens 2,115 539 497 3,150 6,717 9,868 4,441 general fund.
Harrow Road 2,755 441 315 3,511 3,713 7,224 4,698
Marshall Drive 2,583 486 415 3,484 2,536 6,020 7,813
Purbeck Close 2,352 510 414 3,277 835 4,111 3,613
Trenton Drive 660 316 977 977 1,098
Rylands 2,282 -770 1,512 1,512
Totals 13,658 6,138 1,843 1,273 14,570 37,483 19,152 56,635 27,948
Letting Expenses
Total
Agents Other General CMTF Desig. 2022 2021
Brookside Avenue 64 64 64 1,389
Trenton Drive 1,756 1,756 1,756 1,836
Totals 1,820 0 1,820 1,820 3,226
Other Property Expenses
Total
General CMTF Desig. 2022 2021
Quinquennial reports 8,940 8,940 4,440
Contribution to St Note 11
Barnabas 1,929 1,929 0
10,869 10,869 4,440 District
Assessment
Property Totals 50,172 19,152 69,324 35,614 & Levy
The District
Assessment
**----- End of picture text -----**
is calculated relative to the proportion of church members and staffing (Presbyters and Mission staff only) of all Circuits in the Nottingham and Derby District. 50% of the overall cost is calculated using relative membership proportions and 50% using relative staffing proportions. The levy is calculated on a sliding percentage of the Circuit’s CMTF account balance as at 31 August the previous accounting year.
**----- Start of picture text -----**
Total
General CMTF Desig. Restricted Endow 2022 2021
District Expenses 9,181 9,181 9,949
Methodist Church Fund 56,363 56,363 73,723
District Levy on CMTF Funds 56,929 56,929 63,570
Totals 65,544 56,929 122,473 147,242
**----- End of picture text -----**
Page **21** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
## Note 12 Office & administration costs
**----- Start of picture text -----**
Total
General CMTF Desig. Restricted Endow 2022 2021
Conference Minutes 0 0 1,198
Printing, postage & stationery 857 857 751
Independent Examiner's Fee 1,180 1,180 1,100
Payroll fees 812 812 864
Bank Charges 139 51.4 190 8
TMCP Admin/Investment Management Fees 2,496 2,496 1,928
Totals 2,988 2,496 51 0 0 5,535 5,848
**----- End of picture text -----**
## Note 13 Other Outgoings
**----- Start of picture text -----**
Total
General CMTF Desig. Restr. 2022 2021
Preaching & worship:
Production of Plan & Directory 200 200 19
Supernumerary Preaching Fees 279 279 217
Zoom Fees 115 115 278
Other expenses:
Study Books, Videos, Away Day costs, Staff Meals 1,494 1,494 56
SH Farewell Gift 2020 M Fugill / District 2022 270 270 290 Note
Misc Items 0 0 4 BS1
Totals 2,358 0 0 0 2,358 864 Manses
and
**----- End of picture text -----**
## Other Property
Land and buildings comprise of 7 manses located in Wollaton, Bramcote, Chilwell, Long Eaton and Beeston. During part of the year, 2 of the manses have been privately let via the services of C.P.Walker & Son. Equipment consists of a digital hymnal and office equipment held at the new circuit office.
**----- Start of picture text -----**
1.1 Cost or
Fixtures, valuation
Investment Fittings & Total
Properties Land Buildings Equip't
£ £ £ £ £
Balance Brought Forward 402,574 1,610,294 2,000 2,014,868
Additions in the Year 1,343 1,343
Revaluations
Less-Disposals in the Year
Transfer between Categories 1.2 Accumulated
Balance carried Forward 402,574 1,610,294 3,343 2,016,211
Basis N/A N/A SL
depreciation Rate 3 Years
Balance Brought Forward 2,000 2,000
Depreciation Charge for Year 448 448
Impairment Provisions
Revaluations
Disposals
Transfers
1.3 Net book value Balance Carried Forward 2,448 2,448
Brought Forward 402,574 1,610,294 - 2,012,868
Carried Forward 402,574 1,610,294 895 2,013,763
**----- End of picture text -----**
|**Schedule of Manses**|**Property**|**Type**|**Value**|
|---|---|---|---|
||1 Cumberland Avenue|Manse|243,663|
||100 Harrow Road|Manse|226,412|
||3 Brookside Avenue|Manse|177,762|
||41 Trenton Drive|Manse|202,408|
||7 Purbeck Close|Manse|268,597|
||35a Marshall Drive|Manse|250,251|
||9 Endsleigh Gardens|Manse|241,201|
||||**1,610,294**|
Page **22** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
## BS2 Debtors & Prepayments
All sums paid in advance at 1 September 2021 were expenses during 2021-2022 and similarly, it is expected that payments in advance at 1 September 2022 will be expensed in 2022-2023.
**----- Start of picture text -----**
Total
General CMTF Desig. Restr. 2022
Prepayments
September '22 Stipends and expenses 15,634 15,634
Insurance 2,026 2,026
Water Charges 118 118
Council Tax 963 963
Payroll Services Fees 437 437
Family Worker 0
19,179 19,179
Accrued Income
Manses Recharged Utilities & Repairs 1,859 1,859
Share of Relocation and Removal costs 0
Recharged Family Worker costs 1874 1,874
NEST Refund 0
Ministers' Telephone & Broadband
Contributions 0 0 Note
Totals 22,912 22,912 BS3
Inves
**----- End of picture text -----**
## tment Assets (and Trustees for Methodist Church Purposes (TMCP))
The funds that support the Circuit Model Trust Fund and the Circuit’s other funds (as listed below) are held by TMCP in Trustees Interest and/or Managed Equity Funds on which interest and dividends are credited to the accounts each month/quarter. These are regarded as medium and long term investments. TMCP is the legal owner and custodian trustee of all Methodist model trust property, including legacies, endowments and accumulated funds. Trust property is held for and on behalf of local managing trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the managing trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference.
|||**CMTF Trust**|**Total**|**Total**||
|---|---|---|---|---|---|
|||£
**10299**|£
**31.08.22**|£
**31.08.21**||
|2C110|Trustees Interest Fund|**820,144**|**820,144**|**875,719**||
||||||Note BS4 Central Finance|
||||||Board (CFB) & Bank|
## balances
Monetary balances held at Central Finance Board of the Methodist Church, HSBC and CAF are all available on demand without loss of interest. The split of these balances across General Designated and Restricted Funds is arbitrary but wherever possible balances are not shown as negative.
Page **23** of **27**
## **NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
Notes to the accounts for the year ending 31 August 2022
**----- Start of picture text -----**
Total
General CMTF Desig. Restricted Endow 2022 2021
Central Finance Board 93,088 20,417 113,505 134,327
Central Finance Board - Manses 0 10,342
CFB Total 93,088 0 20,417 113,505 144,669
HSBC 4,731 982 5,713 31,409
HSBC - Manses Fund 13,789 13,789 7,631
HSBC Total 4,731 14,771 0 19,502 39,040
CAF Total 2,349 6,274 8,623 14,169
Totals 100,168 14,771 26,691 141,630 197,878
**----- End of picture text -----**
Note BS5 Creditors, Accruals and Income in Advance It is expected that all sums accrued at 31 August 2022 will be paid during the year to 31 August 2023.
**----- Start of picture text -----**
Total
General CMTF Desig. Restr. 2022 2021
Income in advance
Assessments Quarter Sept-Nov Quarter 69,216 69,216 68,080
District Grant Chaplaincy Work 2021-22 6,000 6,000 6,000
SMP for Family Worker 2021-22 0 3,261
Creditors & Accruals
Ministers' Travel 149 149 1,072
Ministers' Telephone Charges 44 44 182
Manse Repairs 1,185 1,185
Printing,Postage,Stationery 93 93 184
Manse Water Charges 459 459 377
Independent Examination Fees 20-21 1,200 1,200 1,100
Circuit Accountant 148 148
Family Worker Pension Contributions Aug 19 50 50
Lay Staff Pension Contributions Aug 21 160 87 248 268
HMRC August 22 632 180 812
Apprenticeship Levy Charges 18-21 13 7 20 757
Farewell Gift to Circuit Superintendent 0 0 290
**----- End of picture text -----**
## Note BS6 Commitments
Some grants are payable in annual instalments. Since the Circuit recognises the moral responsibility to meet future instalments of grants, all future instalments are shown as liabilities on the balance sheet.
The total of anticipated grants stated below is comfortably within the balance of each of the respective Funds as shown in notes BS7 and BS8. It is the policy of the Circuit not to allow the future commitments of grant to exceed the balance of any fund from which the commitment is made.
**----- Start of picture text -----**
General CMTF Desig. Restricted Endow Total
End of year commitments to pay one-off grants or the
first instalment in a future year
Anticipated second or subsequent instalments where
the first instalment was paid in 2020-21 or earlier 7,824 7,824
Total anticipated commitment 31st August 2022 7,824 7,824
**----- End of picture text -----**
Page **24** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
Note BS7 Unrestricted Funds Note BS7.1 General Fund
31 August 2022 31 August 2021 Balance 2,063,492 2,108,125
The purpose of the fund is for use at the discretion of
the trustees in the furtherance of the general objectives of the Circuit and which have not been designated for other purposes. About 96% of this fund is held as a freehold or leasehold property, being manses for ministers, investment properties and from time to time redundant chapels in the Circuit. Note BS7.2 Circuit Model Trust Fund
||31|August 2022|31 August 2021|31 August 2021||
|---|---|---|---|---|---|
|Balance||812,320||862,268|The purpose of the fund is for use at the discretion of|
||||||the trustees in the furtherance of the general|
objectives of the Circuit. Its main source of income is legacies and formulaically determined contributions from the sale of manses and church buildings in the Circuit.
Although this is technically an Unrestricted Fund under the control of the Circuit Meeting, prior approval is still required from the Nottingham and Derby District to utilise these funds. Methodist Standing Orders 930,931 and 917(2) are applicable.
Note BS7.3 Designated Funds
||31|August 2022|31 August 2021|31 August 2021||
|---|---|---|---|---|---|
|Balance||14,771||18,955||
||||||These funds are to serve specific purposes but are not|
restricted by any document or deed to that purpose. Movements in these funds are set out in Note BS9 and the details of the specific funds are as follows.
- Manses – receives an annual transfer from the General Fund, and against this is charged routine maintenance, repairs and refurbishments.
- Training and Bursary – primarily supports young people on overseas charity projects
- Beeston Development – to fund the professional fees incurred in the Beeston Churches Project
- Note BS8 Restricted Funds
|Balance|31 August 2022|31 August 2021||
|---|---|---|---|
||20,417|25,523||
## **The Restricted Fund exists to support the cause listed below.**
**Chaplaincy Fund** – to support Chaplaincy work currently conducted at the University of Nottingham and from September 2020 also at Nottingham Trent University.
Note BS9 Summary of fund movements
**----- Start of picture text -----**
Balance at Gains/ Balance at
Fund 01/09/21 Income Expenditure Transfers Losses 31/08/22
General 2,108,125 303,105 (327,112) (20,626) 0 2,063,492
Circuit Model Trust Fund 862,268 3,850 (59,425) 5627 812,320
Total Unrestricted and
Undesignated 2,970,393 306,955 (386,537) (14999) 0 2,875,812
Manse Fund 17,973 20 (19,203) 14,999 13,789
Beeston Development Fund
Training and Bursary Fund 982 0 982
Total Designated 18,955 20 (19,203) 14999 14,771
Total Unrestricted 2,989,348 306,975 (405,740) 0 0 2,890,583
Not
Chaplaincy Fund 25,523 12,000 (17,106) 20,417
Total Restricted 25,523 12,000 (17,106) 0 20,417
Page 25 of 27
Total of all Funds 3,014,871 318,975 (422,846) 0 0 2,911,000
**----- End of picture text -----**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT** Notes to the accounts for the year ending 31 August 2022
## e BS10 Analysis of Net Assets between Funds
**----- Start of picture text -----**
General CMTF Designated Restricted Endow Total 2021
Tangible Fixed Assets 2,013,763 2,013,763 2,012,868
Fixed Asset Investments
Investments
Current Assets 123,080 820,144 14,771 26,691 984,686 1,097,026
Current Liabilities (73,351) (7824) (6,274) (87,449) (92762)
Creditors due after one Year (2261)
Totals 2,063,492 812,320 14,771 20,417 2,911,000 3,014,871
**----- End of picture text -----**
## Note BS11 Volunteer Contributions
Every entity (Connexion, District, Circuit, Church) within the Methodist church in GB is heavily reliant on volunteers who contribute their skills, time and money in the furtherance of the work of the Church. In the Circuit the principal contribution is by serving on committees of the Circuit that deal with mission, manses, finance, property, training, safeguarding. We are grateful to all of them for their help and commitment. No attempt has been made by this Circuit to value the non-monetary contributions to the Circuit in monetary terms. Note BS12 Capital Commitments and Contingent Liabilities
The Circuit had no capital commitments or contingent liabilities at the year-end (2020-21 : nil)
## Note BS13 Lease Commitments
The Circuit had no commitments for lease contracts or obligations at the year-end (2020-21 : nil)
Page **26** of **27**
**NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT**
Notes to the accounts for the year ending 31 August 2022
## **Independent Examiner's Report to the trustees of Nottingham Trent Valley Methodist Circuit**
I report to the trustees on my examination of the accounts of Nottingham Trent Valley Methodist Circuit (the Charity) for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- 2 the accounts do not accord with those records; or
.
- 3 the accounts do not comply with the accounting requirements concerning the form and content of . accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... John O’Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:.............................
Rev’d Christine Fox Superintendent Minister Nottingham Trent Velley Circuit
Date:...31-3-2023..........................
Page **27** of **27**