TENDRING�METHODIST�CIRCUIT�
REGISTERED�CHARITY�NUMBER:��1140466�
BEDS,�ESSEX�AND�HERTS�DISTRICT��
CIRCUIT�NUMBER�34/7
FINANCIAL�STATEMENTS�AND�TRUSTEES�REPORT� FOR�THE�YEAR�ENDED�31/08/2024�
Tendring�Circuit�Office� c/o�Emmanuel�Church� New�Pier�Street� Walton�on�the�Naze� Essex� CO14�8EB�
Encouraging and enabling churches to speak the Good News of God's love; to share in worship and to serve their communities in Tendring.
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
| CONTENTS | ||
|---|---|---|
| Page | ||
| Index | 1 | |
| Trustees’Report | 2 | |
| FinancialStatements | ||
| SOFA2024 | 10 | |
| BalanceSheet | 11 | |
| NotestotheAccounts | 12 | |
| IndependentAuditor’sReport | 20 |
Encouraging and enabling churches to speak the Good News of God's love; to share in worship and to serve their communities in Tendring.
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
TRUSTEES’�ANNUAL�REPORT�FOR�THE�YEAR�ENDED�31�AUGUST�2024�
This�report�has�been�prepared�in�accordance�with�the�requirements�of�the�SORP�applicable�to�charities.���
Aims�and�organisation�
The�Circuit’s�Mission�is�to�work�together�as�a�Circuit�to�encourage�and�enable�its�members�to�speak�the�Good� News�of�God's�love;�to�share�in�worship;�and�to�serve�the�communities�in�which�they�are�set.�
The�charity�objective�is�to�act�as�a�resource�provider�for�the�Methodist�Church�within�the�administrative� district�of�Tendring.�
The�purposes�of�the�Methodist�Church�are�and�shall�be�deemed�to�have�been�since�the�Date�of�Union�the� advancement�of:�
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a)���The�Christian�faith�in�accordance�with�the�doctrinal�standards�and�discipline�of�The�Methodist�Church;�
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b)���Any�charitable�purpose�for�the�time�being�of�any�Connexional,�District,�Circuit.�local�or�other� organisation�of�The�Methodist�Church;�
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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�
In�Tendring�this�manifests�as:�
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a) The�provision�of�regular�public�acts�of�worship,�which�are�resourced�and�organised�through�the� Circuit,�encouraging�all�in�their�faith�and�open�to�everyone.�
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b) The�teaching�of�Christianity�through�sermons,�courses�and�small�groups.��
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c) The�resourcing�of�pastoral�work�including�visiting�the�sick�and�bereaved.��
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d) Being�a�presence�in�the�community�with�some�midweek�services�in�churches�and�services�in�care� homes.��
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e) Taking�religious�assemblies�in�local�schools.��
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f) Promotion�of�Christianity�through�the�staging�of�events�and�services.��
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g) Provision�of�chaplaincy�services�as�required.�
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h) Provision�of�chaplaincy�services�to�Alexandra�House,�Marine�Parade,�Dovercourt.�
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i) Pastoral�work�including�occasional�offices�and�meeting�people�individually�to�offer�pastoral�support.��
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j) The�Circuit�produces�a�preaching�plan�every�3�months�to�ensure�regular�acts�of�worship�take�place�at� each�of�the�13�Methodist�churches,�3�Local�Ecumenical�Partnerships�and�the�Methodist�Home�for�the� Aged�in�its�geographical�area.�
Public�Benefit :
We�confirm�that�the�trustees�have�had�regard�to�the�Charity�Commission’s�guidance�on�public�benefit.��
Our�policy�is�particularly�to�work�with�deprived�communities�in�Clacton�and�Jaywick�and�to�this�end�we� employ�a�Deacon�working�full�time�in�these�communities.��
We�have�aspirations�to�employ�a�part�time�youth�worker.�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
We�are�contributing�to�the�funding�of�a�Community�Worker�in�Dovercourt.�
All�our�churches�serve�the�communities�around�them�in�a�variety�of�ways.��Some�for�the�youth�and/or�elderly;� others�amongst�the�homeless�and�vulnerable.�
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�by�order�of�the�annual�conference�(CPD).�
Day�to�day�management�of�the�Circuit�is�undertaken�by�the�Circuit�Leadership�Team.��� There�is�a�Manse�Sub�committee�for�the�oversight�of�Circuit�residential�property.� There�is�a�Sales�Sub�committee�for�the�oversight�of�the�sale�of�Circuit�property.� There�is�a�Finance�Sub�committee.�
There�is�a�Circuit�Safeguarding�Group.� There�is�a�Circuit�Invitation�Committee.�
Administrative�Details�of�Charity
Full�name�of�charity� Tendring�Methodist�Circuit� Registration�Charity�Number� 1140466� Date�of�registration� 28�February�2011� Main�communication�address:���Tendring�Circuit�Office� Emmanuel�Church� New�Pier�Street� Walton�on�the�Naze� Essex� CO14�8EB�
The�members�of�the�Tendring�Methodist�Circuit�meeting�are�the�Charity�Trustees,�membership�being�made� up�of�circuit�office�holders�and�representatives�appointed�by�the�local�churches.�� Full�membership�is�on�page�10�of�this�report.�
Circuit�Ministers�and�Officers�during�2023/24:� Active�Circuit�Ministers������������ Rev�Thomas�Osborne�(Superintendent)� Rev�Steven�Sutton� Deacon�Angela�Shereni� Rev�Trevor�Hahn�(URC�minister�Authorised�to�Serve�in�the�Methodist�Church� as�a�Presbyter)� Circuit�Stewards� Mrs�M�Woods�� Mr�A�Merriday� Mrs�Denise�Raven� Mrs�Hazel�McLaughlin Circuit�Treasurer� None�–�the�Circuit�Stewards�have�shared�responsibility�for�Circuit�finances� Circuit�Book�keeper� Miss�Deborah�West�(from�February�2024)� Circuit�Lay�Staff��� Circuit�Manager Mr�Colin�Tucker�(until�August�2024)� Circuit�Administrator� Mrs�Jackie�Cannon�(until�May�2024)� Circuit�Finance�Officer�� Mr�Alistair�Jenkins�(until�February�2024)
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
Professional�Service�Providers�
Independent�Auditors :�� Moore�Green�Chartered�Accountants,� 22�Friars�Green,� Sudbury� Suffolk��CO10�2AA� Investment�managers Central�Finance�Board�of�the�Methodist�Church� Trustees�for�Methodist�Church�purposes�� CCLA�Investment�Management�Ltd� One�Angel�Lane� London�� EC4R�3AB� Current�accounts :�� Barclays�Bank,�Manningtree�Branch� Lloyds�Bank,�Blackheath,�London�Branch� Property�Management :�� None�Currently� Solicitor :� Capsticks�LLP, Toronto�Square,�Toronto�Street,�Leeds�LS1�2HJ
Risk�Management�
Risks�are�identified�by�the�Circuit�Leadership�Team�and�its�sub�committees,�with�professional�advice�taken� as�required.���
Income�and�Expenditure�is�being�monitored�in�total�and�is�compared�with�the�approved�annual�budget�on�a� quarterly�basis�to�detect�trends�as�part�of�the�risk�management�process.�
The�Circuit�has�adopted�a�Safeguarding�Policy�and�ensured�that�individual�churches�produce�their�own� policies�and�have�safeguarding�officers�in�place.��The�Circuit�ensures�that�safeguarding�training�is�provided� by�a�Circuit�Trainer.�
Reserves�Policy��
The�Reserves�Policy�for�the�Tendring�Circuit�is�to�hold�a�sum�equivalent�to�at�least�3�months’�average� expenditure.�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,�funding�planned�activities�in�the�event�of�the�closure�of�a�large� church�or�an�inability�to�raise�the�full�Circuit�Assessment�from�churches.��
As�part�of�our�forward�planning,�expenditure�forecasts�are�prepared�looking�5�years�ahead.�It�is�necessary�to� hold�sufficient�working�capital�to�enable�the�quarterly�payment�of�stipends�and�business�expenses�for�3� Presbyters�and�a�Deacon�and�2�part�time�assistants�and�our�contribution�to�the�District.�
Safeguarding�
Every�person�has�a�value�and�dignity�which�comes�directly�from�the�creation�of�people�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.
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
Methodist�Connexional�practice�outlines�commitment�to�the�following�principles:�
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•�the�care�and�nurture�of,�and�respectful�pastoral�ministry�with,�all�children,�young�people�and�adults��
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•�the�safeguarding�and�protection�of�all�children,�young�people�and�adults�when�they�are�vulnerable�
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•�the�establishing�of�safe,�caring�communities�which�provide�a�loving�environment�where�there�is� informed�vigilance�as�to�the�dangers�of�abuse.�
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•�We�will�carefully�select�and�train�all�those�with�any�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.�
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•�We�will�respond�without�delay�to�every�complaint�made�which�suggests�that�an�adult,�child,�young� person�or�vulnerable�adult�may�have�been�harmed;�cooperating�with�the�police�and�local�authority�in�any� investigation.�
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•�We�will�seek�to�work�with�anyone�who�has�suffered�abuse,�developing�with�them�an�appropriate� ministry�of�informed�pastoral�care.�
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•�We�will�seek�to�challenge�any�abuse�of�power,�especially�by�anyone�in�a�position�of�trust.�
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•�We�will�seek�to�offer�pastoral�care�and�support,�including�supervision�and�referral�to�the�proper� authorities,�to�any�member�of�our�church�community�known�to�have�offended�against�a�child,�young� person�or�vulnerable�adult.�
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•�In�all�these�principles�we�will�follow�legislation,�guidance�and�recognised�good�practice�
The�Tendring�Methodist�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�Tendring�Methodist�Circuit�commits�itself�to�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.���
Review�of�the�year�
The�year�2023/24�was�a�year�of�mixed�consolidation�and�change.�In�terms�of�consolidation,�we�continued�to� have�the�same�principal�leadership�for�the�full�year,�with�consistency�of�ministry�and�stewardship.�We�were� also�able�to�bring�a�new�Steward�on�board�ahead�of�this�financial�year,�so�were�operating�with�the�expected� full�complement�of�4.�To�build�on�this,�the�Circuit�also�began�the�process�of�exploring�the�use�of�subgroups� for�various�parts�of�Circuit�life,�to�ensure�a�wider�breadth�of�involvement�and�use�of�expertise�amongst�our� trustees.�We�also�continued�to�explore�how�our�reserves�could�be�best�used�properly�to�support�the�mission� of�those�churches�remaining�in�the�Circuit.�
Unfortunately,�the�Circuit�also�faced�some�further�changes.�This�included�both�the�departure�of�staff�to�new� roles�and�retirement,�and�the�closure�of�a�further�congregation�–�Trinity,�Clacton.�In�the�case�of�Trinity,�the� decision�was�made�not�to�immediately�sell�but�to�explore�possibilities�for�future�use�that�would�be�of�benefit� both�to�the�work�of�the�Circuit�and�to�the�local�community�in�Clacton.�
In�spite�of�the�upheaval�of�the�past�few�years,�those�churches�remaining�within�the�Circuit�have�generally� seen�positive�developments,�with�several�seeing�increased�membership�beyond�simple�transfer�of�those� moving�from�closed�churches,�and�the�Circuit�is�pleased�to�be�in�a�position�to�offer�both�ministerial�and� financial�support�to�these�churches�to�ensure�their�mission�continues�to�bear�fruit.�
Income�trends�
Income�wise,�this�year�was�one�of�mixed�blessings.�In�one�sense,�we�have�had�a�significant�uplift�in�income,� in�terms�of�both�financial�and�buildings�assets.�This�is�because�the�closure�of�Trinity,�Clacton,�as�a�Local� Church�saw�managing�trusteeship�of�its�property�to�the�Circuit�–�including�monies�of�£43,754�and�a�building� valued�for�insurance�purposes�at�just�over�£6million.�While�this�is�income�for�the�Tendring�Circuit,�it�is�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
property�that�remains�under�the�custodial�trusteeship�of�Trustees�for�Methodist�Church�Purposes�(TMCP)� and�is�therefore�a�transfer�of�management�within�the�Methodist�family�–�a�normal�process�in�the�context�of� churches�closing.�What�is�unusual�in�this�case�is�that�the�property�has�not�been�immediately�sold,�meaning� the�income,�while�large,�is�principally�tied�up�in�capital�assets,�and�the�monies�transferred�are,�in�large�part,� to�be�used�for�the�ongoing�maintenance�of�the�building�and�the�running�of�the�Hope@Trinity�project�based� there,�which�works�with�the�homeless�and�financially�vulnerable�in�the�Clacton�on�Sea�area.�
Alongside�this�significant�transfer,�the�Circuit�also�received�the�bonus�late�in�the�financial�year�of�a�return�of� £50,000�previously�donated�to�the�Methodist�Ministers�Pension�Scheme�(MMPS)�Reserve�Fund.�In�2021� Conference�had�appealed�to�various�Methodist�bodies,�including�Circuits,�to�make�voluntary�contributions� to�the�MMPS�Reserve�Fund�following�an�appraisal�that�indicated�it�was�sitting�at�below�the�recommended� levels�of�funds.�However,�a�change�to�the�risk�levels�of�investments�by�the�Fund,�and�a�reappraisal�in�2023,� indicated�the�Fund�was�now�in�surplus�and�so�Methodist�Conference�in�July�2024�made�the�decision�to�have� the�voluntary�contributions�returned�to�those�who�had�donated.�As�Tendring�had�originally�donated�the� £50,000�from�its�reserves,�this�means�that�while�it�rightly�shows�as�income�this�year,�it�can�also�be�considered� as�reserves�that�had�temporarily�been�held�in�the�MMPS�Reserve�Fund�rather�than�the�usual�reserve�funds� held�by�TMCP.�
Beyond�this,�the�Circuit’s�principal�income�for�operational�costs�related�to�the�Circuit�Assessments�paid�by� the�Local�Churches�plus�interest�and�dividends�generated�through�TMCP�and�the�Central�Finance�Board�of� the�Methodist�Church.�This�means�that,�while�as�a�one�off�we�saw�significant�income�in�our�accounts,�the� long�term�trend�continues�to�be�one�of�deficit�budgeting�for�the�time�being.�
At�the�same�time,�the�Circuit�continues�to�be�grateful�for�a�grant�of�£30,000�per�year�over�5�years�(beginning� last�year)�from�the�BEH�District�Grants�Committee�to�support�the�work�of�the�Deacon.
Looking�to�the�future,�it�is�hoped�that�Trinity�will�generate�income,�either�because�of�its�regeneration�into�a� used�space,�or�through�disposal.�
Expenditure�trends�
Stipends�continue�to�increase�each�financial�year,�in�line�with�Conference�approved�policies.�
Continued�expenditure�on�the�manses�has�continued,�and�it�is�anticipated�that�the�coming�year�will�include� further�costs�in�this�area.�At�the�same�time,�the�Circuit�is�also�undertaking�a�strategic�review�of�its�manses� and�anticipates�future�sales�and�purchases�that�should�hopefully�have�a�long�term�positive�impact�on�such� expenditures�–�including�building�a�small�reserve�to�be�used�specifically�for�manse�maintenance.�
In�the�short�term,�Trinity�will�require�expenditure�having�been�placed�into�Circuit�Managing�Trusteeship.� Discussions�are�currently�ongoing�as�to�what�the�future�of�the�building�is,�and�expenditure�could�be�quite� significant.�However,�this�would�be�missional�expenditure�and�would�be�covered�from�a�mix�of�available� reserves�and�grant�funding�from�church�and�secular�bodies.�
Looking�to�the�future,�it�is�hoped�that�mission�plans�across�the�Circuit�will�see�a�growth�in�project�funding�as� an�area�of�expenditure,�as�the�Circuit�trustees�look�to�spend�the�now�significant�reserves�on�activities�that� further�the�charitable�objectives.�
Fund�balances
As�at�31�August�2024�the�total�funds�of�the�Circuit�were�£8,575,660,�an�increase�of�£6,238,469.��This�is�the� net�of�a�gain�on�receiving�the�property�and�monies�of�Trinity�Methodist�Church,�Clacton�of�£6,034,422�and� £43,754�respectively.��A�refund�of�£50,000�for�the�Ministers�Pension,�and�a�surplus�on�TMCP�Investment� Income�and�Gains�of�investment�Less�Admin�Expenses�of�£86,344�and�a�surplus�other�activity�of�£23,949.�
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Annual�Report�2024�
Plans�for�2024/25�
Planning�for�the�2024/25�year�focuses�on�the�following�particular�matters:�
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preparation�for�a�change�of�Superintendent�from�September�2025;�
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the�development�of�subgroups�to�oversee�work�in�a�range�of�areas�in�Circuit�life;�
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the�need�of�the�Circuit�to�have�a�coherent�mission�funding�policy�that�enables�the�Circuit�to�appropriately� support�Local�Churches�who�understand�their�local�mission�and�the�needs�of�their�local�community;�
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the�disposal�of�one�further�vacant�building�(Ardleigh)�by�public�sale;�
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the�recruitment�of�new�Circuit�Officers�–�in�particular�a�new�Admin�Officer�to�oversee�both�general� administration�and�work�related�to�properties;�
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continuing�to�support�the�work�of�the�URC�Church�Related�Community�Worker�at�Dovercourt�Central,� including�more�direct�Circuit�input�in�his�oversight�committee;�
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the�implementation�of�appropriate�financial�processes�and�policies�to�ensure�the�Circuit�finances�are� properly�managed�and�understood.�
Policy�on�Grant�making
The�Circuit�Grant�policy�continues�to�be�under�review,�and�it�is�hoped�that�it�will�be�significantly�revised� during�the�24/25�financial�year.�Currently�the�following�guides�grant�giving�decisions�by�the�Circuit� Meeting.�
The�Circuit�Model�Trust�Fund�had�a�balance�at�the�year�end�of�£800,522.��This�fund�derives�from�sales�of� chapels�and�manses�and�is�restricted�by�the�Conference.�This�restriction�is�an�internal�regulation�though� the�fund�can�be�used�for�a�variety�of�purposes.�The�Circuit�Leadership�Team�has�drawn�up�a�set�of�ground� rules�within�the�Circuit�Strategic�Plan,�which�has�been�adopted�by�the�Circuit�Meeting,�to�ensure�grants� made�from�the�Circuit�Funds�are�used�effectively�for�mission�and�capital�works.�The�ground�rules�are�set� out�below:��
1)�All�applications�to�Circuit�Meeting�or�Ministers�for�new�or�continuing�ventures�or�finance�must�show� viable�mission.���
2)�Priority�will�be�given�to�Grant�applications�for�new�work�to�develop�the�impact�on�the�community,� satisfying�one�or�more�of�the�following�criteria�in�line�with�District�Policy�and�adopted�locally.��
a)�Work�with�children,�young�people�and�those�in�the�25�to�40�age�group�(the�group�where�we�have� the�least�representation�in�our�membership�and�where�committed�people�can�make�the�biggest� impact�in�the�Church�and�upon�their�own�families.)��
b)�New�ways�of�being�church��
c)�Mission�initiatives��
d)�Ecumenical�initiatives��
e)�Community�based�initiatives,�especially�in�areas�of�new�housing�development��
f)�Rural�work�with�a�clear�mission�imperative:��
3)�Information�that�will�be�considered�include�the�viability�of�the�project,�ministerial�and�local�human� resources�required�and�financial�implications��
4)��Criteria�for�future�Circuit�finance�support�will�depend�upon�the�state�of�the�building,�payment�of�the� circuit�assessment�and�whether�adequate�car�parking�is�available�locally.��Grants�will�not�be�given�for� maintenance�of�buildings.�(These�criteria�indicate�to�the�Circuit�meeting�that�the�Circuit�investment� would�be�wise�and�produce�positive�results�in�the�community)��
4nnual Retsert 2024 Tendring Methodist Clrcuk 34n In the Methodist Churches most of the ground work is done by volunteers advlsed by tneir proTessiori_. staff. Without the work of volunteers, the service provided to the communitv bv the Church would ce-=_ since the Circuit doès riot £drry Ot work on the ground itself- it5 job is io suppfv 5taft. ODDortuniiies a-. encouragement to en3ble the Local Churches to carry out their mi55ion of worshipping and serving the -Jmmunity arounij them. Trusiee iraini A range of guidance produced by Methodist Connexion to support the effective running Df the Circuit, 5peciTicaiiy the leaflet The Role of a Trustee in The Methodist Church, is given to all new Circuit meeting members as induction to their role as trustees. Safeguarding training is a priority within the Circuit and within the individual churches. ststement of Trustees. res nsibilities The trustees a required to prepare financial statement5 each financial year which glve a true and fair view of the Circuit's financial attivities during the year and of its financial p051tion at the end of the year. In reparing these financial %tatewnents, the tnjstees have.. Selected suitable accounting policies and applied them consistentlv. Made judgements and estimates that are reasonable and prudent. Followed applitable accounting standarAs. Prepared the financial statements on the going concern ba5[5. The trustees are resjonsible for keeping prcpo.-a--tsunting records which disc105e with reasonable accuracy at any time the financial Dosltion of the Circuit and enable them to ensure that the financial statements tomplywith the law. They are also responsible for safeguarding the assets of the Circuit and hence for taking steps for the preventSon and detection of troud antl other irrepularities. So far as each of the trustee5 is aware, there is no relevant information that has not been disclosed to the auditors and each of the tnjstees believes that all steos have been tsken that ought to have been taken to make them aware of anv relevantaudit information andto establishthattheauditors have been made awarÈ of that information. Signed on behalf of ihe Circuit Leadership team on ................................................... 2025 ererbd Thomas Osborne Superintendent Minister Mr Andrew Merrlday Circuit Steward
LIST�OF�TENDRING�METHODIST�CIRCUIT�MEETING�MEMBERSHIP�/�TRUSTEES�
CIRCUIT�OFFICERS�and�MINISTERS�
MINISTERS� Rev�T�Osborne� Rev�S�Sutton�� Rev�T�Hahn� Deacon�Angela�Shereni�
SUPERNUMERARY�MINISTERS� Rev�J�Allison� Rev�Dr�M�Cole� Rev�D�Lang� Rev�A�Potter�
CIRCUIT�STEWARDS� Mrs�H�McLaughlin� Mr�A�Merriday� Mrs�D�Raven�� Mrs�M�Woods��
CO�OPTED�and�EX�OFFICIO� Mrs�J�Allison�(Local�Preachers�Secretary)� Mrs�C�Scott�(Representative�to�District�Synod)� Mrs�J�Taylor�(Representative�to�District�Synod)�
Mrs�E�Grenfell�Essam� Ms�P�Humphries� Ms�J�Kilby� Mrs�M�Kimmitt�� Mr�R�Lambelle� Mr�L�Lay�Flurrie� Mrs�C�Lacey� Miss�A�Lott� Ms�E�Marshall� Mrs�M�Neal� Mrs�M�Quartermain� Ms�D�Setterfield� Mr�D�Shearmur� Mrs�M�Stephens� Mt�G�Sysling� Mr�R�Taylor� Mr�M�Tubby� Mrs�S�Vincent�(from�June�2024)� Mrs�M�West�(until�March�2024)� Miss�D�West�(until�March�2024)� Mrs�M�Whittle� Mrs�S�Wright�
CHURCH�REPRESENTATIVES�� Mr�D�Bavister� Mrs�G�Bavister� Mrs�A�Beeton�(from�June�2024)� Mrs�B�Britain� Mr�P�Bushby� Mrs�C�Buxton�(until�March�2024)� Mrs�T�Bull� Mrs�J�Chapman� Ms�K�Collins�� Ms�J�Cool�(from�June�2024)� Miss�J�Crawford� Mr�B�Cuthbertson� Mrs�P�Denmark�(until�March�2024)� Mrs�L�Dickinson�(from�June�2024)� Mr�A�Edwards Ms�R�Fisher�
Tendring Circuit
Circuit No 34/7
Statement of Financial Activities (SOFA) for the year ended 31 August 2024
| Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Income £ £ £ £ £ CircuitModel TrustFund (Un�restricted) Notesto the accounts Designated Funds (un�restricted) Endowment Funds GeneralFund (Unrestricted) RestrictedFunds |
Total 2023�24 £ 30,798.85 37,582.25 227.00 131,035.50 93,753.95 0.00 0.00 293,397.55 21,204.24 161,522.85 27,185.06 34,664.00 55,144.42 0.00 10,103.21 12,813.79 322,637.57 57,621.50 0.00 28,381.48 0.00 6,034,422.00 175,666.00 6,238,469.48 2,337,190.82 8,575,660.30 |
Total 2022�23 £ |
|---|---|---|---|---|---|---|---|---|
| 1Donationsandlegacies | 4 | 30,732.85 | 66.00 | 30,798.85 | 30,500 | |||
| 2Incomefrommonetaryinvestments | 5 | 2,569.69 | 32,142.27 | 2,065.61 | 804.68 | 37,582.25 | 27,217 | |
| 3Incomefrominvestmentproperties | 227.00 | 227.00 | 0 | |||||
| 4AssessmentsonChurches | 6 | 131,035.50 | 131,035.50 | 129,867 | ||||
| 5CapitalReceipts | 7/8/9 | 4,499.12 | 50,000.00 | 39,254.83 | 93,753.95 | 34,660 | ||
| 6Grantsreceived | 0.00 | 0 | ||||||
| 7Othercharitableincome | 0.00 | 0 | ||||||
| 8Totalincome | 168,837.16 | 82,142.27 | 0.00 | 41,613.44 | 804.68 | 293,397.55 | 222,244 | |
| Expenditure | ||||||||
| 9Grantsanddonations | 10 | 1,086.17 | 14,000.00 | 5,398.47 | 719.60 | 21,204.24 | 12,713 | |
| 10Salariesandassociatedcosts | 11 | 161,522.85 | 161,522.85 | 150,299 | ||||
| 11Propertymaintenance | 12 | 23,253.90 | 3,931.16 | 27,185.06 | 33,538 | |||
| 12Connexionalassessment&modeltrus | 13 | 34,664.00 | 34,664.00 | 36,876 | ||||
| 13DistrictAssessment&Levy | 13 | 55,144.42 | 55,144.42 | 49,803 | ||||
| 14Depreciation | 16 | 0.00 | 0.00 | 2,819 | ||||
| 15Officeexpenses | 14 | 10,010.57 | 92.64 | 10,103.21 | 10,325 | |||
| 16Otheroutgoings | 15 | 7,019.29 | 2,427.99 | 3,281.43 | 85.08 | 12,813.79 | 4,576 | |
| 17Totalcharitableexpenditure | 237,556.78 | 71,572.41 | 0.00 | 12,703.70 | 804.68 | 322,637.57 | 300,948 | |
| 18Gains/(losses)onmonetaryinvestments | 0.00 | 48,026.87 | 6,679.32 | 2,915.31 | 57,621.50 | �5,491 | ||
| 19Gains/(losses)oninvestmentproperties | 0.00 | 0.00 | 122,874 | |||||
| 20Netincome/(expenditure) | �68,719.62 | 58,596.73 | 0.00 | 35,589.06 | 2,915.31 | 28,381.48 | 38,678 | |
| 21Transfersbetweenfunds | 110,000.00 | �110,000.00 | 0.00 | 0 0 |
||||
| TransferfromExternalFund | 6,034,422.00 | 6,034,422.00 | ||||||
| 22Othergains/(losses) | 175,666.00 | 175,666.00 | ||||||
| 23Netmovementinfunds | 6,251,368.38 | �51,403.27 | 0.00 | 35,589.06 | 2,915.31 | 6,238,469.48 | 38,678 | |
| 24Totalfundsbroughtforward | 1,380,894.00 | 851,925.58 | 0.00 | 74,520.04 | 29,851.20 | 2,337,190.82 | 2,298,512 | |
| 25Totalfundscarriedforward | 7,632,262.38 | 800,522.31 | 0.00 | 110,109.10 | 32,766.51 | 8,575,660.30 | 2,337,190 |
8ndrinq Circult Clrcult No 3417 8alance as at 31 August 2024 0•mr Fund IUnr•thct•d> ¢lr¢utt Ilod Fund& T¢ith 2024 Tots¢ 20n IUnrn¢irtctfjd} lUnlt¥d) CIrtt Mans&s & E 16 7.5.4$S.00 1.310.367 eent 88imèniy oo 7J2Q455. 1 10.36 tjebth & P 17 43.501.15 7,8nO.23 51,301a8 10.S32 LOats Ihe Cifcuil 0.00 IAvesthheAligwrfhTrdcp 18 31610.34 7&730.52 32 766.51 941.629.68 C4ntrel FMnc6 Bod 18 24.873.S2 14,485.53 24,873.52 Cxhaiewkand in han 18 25.578.35 40.063 88 24,1 114M70. 110 1119.10 766.51 1,016,7 Curr•ntIbTr111I ¢r8dltorB duoin urKlèrl yèar Ab1èwthn 2025 19 2.683.16 2.863.1 19.940 Grarts t11807J4 oo 110 109.10 31768.51 1 055 205.311 1,021,824 TotsIasr* 32.766Jl 2 337,t91 GtsntS after 2tr2&24 Lowtoihe 0.00 7,032262.3 800.$213t 0.00 31765.S1 5r160Tr.3 2,337,151 Funds olth•Citc Sgllgr81 Fund ClMlTrI16l Fu Unr991ithd 7,2}S2.38 1.3W.894 B.$21$1 851.928 Dè5 natEdFll (431769 Restrtcted Fu5 20 110 109.10 110,109.10 32,786.51 74,$20 32.m.51 32,761.51 rotalFunds 7.6¥,26t3 800,$22.31 IIQI09.1 5746eo. 2J37,191 ClrcultTrAa$urer- Z8/d6/gs Approved
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�
1.� Basis�of�accounting��
The�financial�statements�have�been�prepared�under�the�Charities�Act�2011�in�accordance�with�the�2014� version�of�Accounting�and�Reporting�by�Charities:�Statement�of�Recommended�Practice�(SORP)�applicable� to�charities�preparing�their�accounts�in�accordance�with�FRS102�—�the�Charities�SORP�(FRS102)�issued�in� October�2019.��
2.� Funds��
The�funds�held�constitute:�General�Funds�held�for�any�purpose�of�the�Circuit�which�are�unrestricted.�The� Circuit�Model�Trust�Fund�has�wide�purposes�defined�in�Standing�Orders�and�is�categorised�as�unrestricted.�� Restricted�funds�and�Endowment�funds�are�those�held�for�a�narrower�purpose,�which�is�defined�within�the� trust�and�details�of�each�material�fund�are�disclosed�in�note�18�to�these�accounts.�Any�funds�may�be� represented�by�cash�held�and�also�investments�(as�explained�at�note�16).��
3.� Accounting�policies��
Basis��
These�accounts�have�been�prepared�on�the�basis�of�historical�cost,�professionally�suggested�current�market� values�of�property�in�use�and�allowing�for�potential�direct�selling�costs.�The�accruals�basis�has�been� followed�to�show�a�true�and�fair�view�of�the�Circuit's�financial�position�and�activities.��
Income��
Recognition�Income�is�included�in�the�Statement�of�Financial�Activities�(SOFA)�when�the�Circuit�becomes� entitled�to�the�proceeds,�the�trustees�are�sure�the�monies�will�be�received,�and�value�can�be�measured� with�sufficient�reliability.�In�accordance�with�the�Charities�SORP�(FRS102)�the�value�of�time�given�by� volunteers�is�not�recognised.��
Expenditure��
This�is�recognised�when�a�liability�is�incurred,�or�a�constructive�obligation�arises,�that�results�in�the� payment�being�unavoidable.�Liabilities�are�recognised�as�soon�as�an�outflow�of�economic�benefit�is� considered�more�likely�than�not�under�the�legal�or�constructive�obligation�committing�the�Circuit�to�pay� out�resources.�
VAT�
Since�the�circuit�is�not�registered�for�VAT,�input�VAT�is�charged�as�an�expense�with�the�related�expense.�
Tangible�fixed�assets�for�use�by�the�Circuit��
Tangible�fixed�assets�are�capitalised�if�they�can�be�used�for�more�than�one�year,�and�cost�at�least�£1000.�All� properties�are�freehold,�and�the�estimated�land�component�of�all�properties�is�indicated�in�note�14�to�the� accounts.�No�depreciation�is�provided�on�buildings�since�the�Trustees�consider�the�current�residual�fair� value�of�the�manse�buildings�and�other�properties�to�be�not�less�than�their�current�value.��Any�depreciation� would�not�be�material.��The�properties�were�valued�by�external�inspection�at�September�2021.� Depreciation�of�Fixtures�and�Fittings�has�been�charged�at�a�rate�of�10%�straight�line.�[previously�not]�
Investments��
Apart�from�a�Cash�Deposit�Account�with�CFB,�which�is�available�at�call,�the�Circuit�has�restricted� investments�in�funds�managed�by�TMCP,�in�accordance�with�Methodist�principles�and�policy.�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
Debtors�and�Prepayments��
The�main�prepayment�included�in�the�accounts�is�in�respect�of�the�payment�made,�in�late�August�2023,�to� the�Methodist�Church�Centrally�being�the�value�of�monthly�Ministerial�Stipend�due�to�the�Circuit�Ministers� on�1�September�2023,�and�payable�in�advance�by�Circuits.�
Creditors��
Creditors�relate�to�unpaid�invoiced�expenditure�on�31�August�2024�and�provisions�for�amounts�likely�to� become�payable�associated�with�year�to�31�August�20243�accounting�period.�
4.� Donations�
Donations�during�2023/24�year�comprise�mainly�a�grant�of�£30,000�received�from�BEH�District�in�support�of� ministerial�expenses�which�was�received�in�2024/25�so�brought�in�as�a�Debtor.�
5.� Income�from�monetary�investments�
This�comprises�funds�deposited�with�Central�Finance�Board�(CFB)�and�Trustees�for�Methodist�Church� Purposes�(TMCP).�
6.� Assessments�on�churches�
Each�Circuit�church�is�assessed�for�a�yearly�contribution�towards�meeting�the�costs�of�the�Circuit's� operations,�including�the�payment�of�Ministerial�costs�and�the�Circuit's�annual�assessment�in�respect�of�the� Beds,�Essex�&�Herts�Methodist�District�and�the�Methodist�Connexion.�The�amount�assessed�on�each�church� is�considered�and�agreed�annually�by�the�Finance�and�Resources�Committee�and�confirmed�at�the�summer� Circuit�Meeting.��
7.� Capital�receipts�for�the�Closure�of�Trinity�Methodist�Church� During�the�year�2023/24,�the�Local�Church�of�Trinity,�Clacton�ceased�worship�in�November�2023�and�the� following�accounting�balances�transferred�into�Tendring�Circuit�but�need�to�be�transferred�into�their� respective�restricted�funds.�These�mark�a�transfer�of�significantly�larger�funds�to�the�Circuit�than�are�usual� in�the�closure�of�a�Local�Church,�related�to�the�reality�that�the�closure�related�to�lack�of�available�officers� than�to�lack�of�finances,�as�well�as�the�existence�of�the�Hope@Trinity�project�which�attracted�focused,�and� therefore�restricted,�income:�
| RefundofDonationtoPensionReserveFund ECCGrant(PHAB) HopeAdministrator Phase3 TMCPChildren’sWork Trinity’sGiftAid CFB TMCP13797 DisadvantagedFund PTFood GeneralTrinityFunds TOTAL |
£ 50,000.00 7,231.13 20,000.00 766.27 90.17 3,367.03 178.32 4,320.80 392.47 2,653.41 4,754.35 |
|---|---|
| 93,753.95 |
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
8.� Fixed�Asset�transfer�from�the�closure�of�Trinity�Methodist�Church�
As�noted�above,�during�the�year�2023/24,�Trinity,�Clacton,�closed�and�transferred�all�of�its�property�to�the� Tendring�Circuit.�As�well�as�the�capital�receipts�noted�at�7�above,�this�also�included�the�transfer�of�the� managing�trusteeship�for�the�building�and�land�that�were�originally�Trinity’s.�This�resulted�in�an�increase�to� the�value�of�the�Circuit’s�fixed�assets�of�£6,034,422�–�the�valuation�of�the�Trinity�site�on�Pier�Avenue,� Clacton�on�Sea.�This�is�reflected�in�16�below.�
9.� Refund�of�Donation�to�Pension�Reserve�Fund.�
In�2021�the�Methodist�Conference�requested�various�Methodist�bodies,�including�Circuits,�consider�making� a�voluntary�donation�to�the�Methodist�Ministers�Pension�Scheme�Reserve�Fund,�which�had�then�recently� be�valued�at�below�the�level�required�by�relevant�authorities.�However,�following�changes�in�investment� policy�by�the�Fund�and�a�revaluation�in�2023,�the�Conference�decided�that�those�donations�could�be� returned�to�those�who�had�responded�to�the�earlier�request�as�the�Fund�was�now�in�significant�surplus.� Having�donated�£50,000�in�2021,�the�Circuit�therefore�received�a�refund�of�£50,000�from�the�Reserve�Fund� as�part�of�its�income�in�the�2023/24.�
10.� Grants�(expenditure)�
The�principal�grants�made�during�the�year�were:�
-
£4,000�to�Dovercourt�Mission�worker�(from�Circuit�Model�Trust�Fund)�
-
£10,000�to�Holland�Methodist�Church�(from�Circuit�Model�Trust�Fund)�
-
£5,000�to�Manningtree�Methodist�Church�(from�13775�Various�Bequests)�
-
£924�to�Great�Holland�Methodist�Church�for�Walk�and�Talk�Mission�(887�Anon�gift)�
11.� Salary�and�related�costs�
In�Connexional�year�2023�24�the�Circuit�had�2�full�time�Presbyters�and�1�Deacon�(August�2023�—2� Presbyters�and�1�Deacon).�The�Circuit�is�required�to�pay�"employer"�contributions�to�the�Methodist� Ministers�Pension�Scheme�in�respect�of�all�Presbyters.�The�pension�scheme�is�controlled�and�administered� by�The�Methodist�Church�centrally.�A�home�telephone�and�broadband�connection�is�provided�solely�for�use� on�Circuit�business�and�travel�costs�are�reimbursed�against�expense�claims.�
The�Ministers'�Manses�provided�by�the�Circuit�and�the�Circuit�maintains�and�insures�the�properties.��The� value�of�Council�Tax�and�Water�Charges�are�shown�below�but�these�regarded�by�HMRC�as�being�"Benefits� in�Kind".�
| 2023/24 | 2022/23 | |
|---|---|---|
| £ | £ | |
| StipendandSalaries | 139,432.55 | 133,083 |
| PresbyterTravel | 7,217.71 | 7,092 |
| ManseBills | 14,873.35 | 10,124 |
| TOTAL | 161,522.85 | 150,299 |
12.� Property�Maintenance��
The�maintenance�costs�of�properties,�shown�as�expenses�incurred�by�the�General�Fund,�relate�to�the�costs� of�insurance�for�Circuit�Manses,�utilities�costs�on�vacant�manses�whilst�being�or�awaiting�refurbishment.�� The�cost�of�repair�and�maintenance�for�the�Circuit�Manses�are�met�from�a�General�Funds.��These�costs� include�Quinquennial�inspection�expenses.�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
13.� Connexional�and�District�Assessments��
These�Assessments�are�calculated�to�reflect�the�number�of�Church�members�and�the�staffing�of�the� Colchester�Circuit�in�proportion�to�the�total�numbers�within�the�Beds,�Essex�&�Herts�Methodist�District.� 50%�of�the�assessment�is�calculated�using�membership�and�50%�using�staffing�levels.���
Each�1st�September,�the�Beds,�Essex�&�Herts�District�takes�an�annual�levy�on�Circuit�Model�Trust�funds�held� by�TMCP�for�the�purposes�of�the�District�Advance�Fund.�
14.� Office�Expenses��
| 2023/24 | 2022/23 | |
|---|---|---|
| £ | £ | |
| GeneralOffice | 6,282.68 | 6,275 |
| Insurance(Premises) | 3,820.68 | 4,050 |
| TOTAL | 10,103.36 | 10,325 |
| theroutgoings | ||
| 2023/24 | 2022/23 | |
| £ | £ | |
| ProfessionalFees(AccountsandSolicitors) | 7,013.10 | 1,400 |
| InvestmentExpenses | 2,805.23 | 2,594 |
| OtherExpenses | 2,995.46 | 580 |
| TOTAL | 12,813.79 | 4,574 |
15.� Other�outgoings�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
16.� Fixed�Assets�
At�31�August�2023�the�Tendring�Circuit�possessed:��
-
4�Manses�of�which�1�is�not�currently�used�but�is�being�prepared�for�letting�and��
-
1�church�at�Ardleigh�which�is�awaiting�sale�
The�Trustee�for�Methodist�Church�Purposes�(TMCP)�is�the�legal�owner�and�custodian�trustee�of�all� Methodist�Trust�property,�Legacies,�Endowments�and�Accumulated�Funds.�Trust�property�is�held�for�and� on�behalf�of�local�Managing�Trustees�who�are�responsible�for�day��to��day�management�of�trust�property.� TMCP�ensure�that,�through�providing�advice�and�acting�under�their�direction,�the�local�Managing�Trustees� comply�with�Charity�law�and�Methodist�law�and�polity�as�determined�by�the�Methodist�Conference.�
| Equipment | Equipment | |||||||
|---|---|---|---|---|---|---|---|---|
| and | ||||||||
| Land | Fittings | Trinity | Manses | TOTAL | ||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| Brought forward from 2022/23 | 385,000 | 28,186 | - | 900,000 | 1,313,186 | |||
| Increase in Value | - | 6,034,422 | 201,033 | 6,235,455 | ||||
| Disposal | 28,186 | 28,186 | ||||||
| Carried forward 2023/24 | 385,000 | - | 6,034,422 | 1,101,033 | 7,520,455 | |||
| Depreciation | ||||||||
| Opening balance | - | 2,819 | - | - | - | |||
| Depreciation eliminated | - | - | 2,819 |
- | - | - | ||
| Charge for year | - | - | - | - | - | |||
| Closing balance | - | - | - | - | - | |||
| Net book value | ||||||||
| Opening balance | 385,000 | 25,367 | - | 900,000 | 1,310,367 | |||
| Closing balance | 385,000 | - | 6,034,422 | 1,101,033 | 7,520,455 | |||
| Debtors | ||||||||
| 2023/24 | 2022/23 | |||||||
| £ | £ | |||||||
| StipendPrepaid | 10,399.90 | 10,222 | ||||||
| Grant | 30,000.00 | 0 | ||||||
| CapitalReceipts | 7,800.23 | 0 | ||||||
| Assessmentsnotreceivedinyear | 3,101.25 | |||||||
| OtherReceivables | 0.00 | 310 | ||||||
| TOTAL | 51,301,38 | 10,532 |
17.� Debtors�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
18.� Cash�and�Investments�
Cash�balances�are�held�in�bank�accounts�and�a�deposit�account�at�Central�Finance�Board�of�methodist� church,�as�well�as�cash�funds�within�Trustees�for�Methodist�Purposes.����Balances�may�be�moved�between� the�deposit�and�investments,�in�order�to�meet�the�ongoing�requirements�of�the�Circuit.���
Investments�are�held�by�Circuit�funds,�as�shown�on�the�balance�sheet.��These�investments�are�in�unitised� funds�with�Trustees�for�Methodist�Purposes,�in�line�with�the�investment�principles�of�Methodism.�
19.� Creditors�(due�within�one�year)�
| 2023/24 | 2022/23 | |
|---|---|---|
| £ | £ | |
| ProfessionalFees | 1,400.00 | 1,400 |
| StaffExpenses | 778.16 | 1,980 |
| Property/OtherAccruals | 485.00 | 16,560 |
| TOTAL | 2,663.16 | 19,940 |
20.� Analysis�of�Fund�Balances�
Reconciliation of Movement in Funds
| As at 1 September 2023 |
Income | Expenses | Investment Change |
Transfers | As at 31 August 2024 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| General Fund (incl property) | 1,354,933.14 | 163,113.69 | -237,482.79 | 175,666.00 | 110,000.00 | 1,566,230.04 |
| 21999 Audrey Harris | 23,234.99 | 1,255.39 | -66.22 | 0.00 | 0.00 | 24,424.16 |
| 14559 Various Bequests | 2,725.87 | 147.28 | -7.77 | 0.00 | 0.00 | 2,865.38 |
| 13797 Various Bequests | 0.00 | 4,320.80 | 0.00 | 0.00 | 0.00 | 4,320.80 |
| Trinity Building | 0.00 | 0.00 | 0.00 | 0.00 | 6,034,422.00 | 6,034,422.00 |
| 11088 CMTF | 851,925.58 | 82,142.27 | -71,572.41 | 48,026.87 | -110,000.00 | 800,522.31 |
| TOTAL | **2,232,819.58 ** | **250,979.43 ** | -309,129.19 | **223,692.87 ** | **6,034,422.00 ** | 8,432,784.69 |
| Restricted Funds | ||||||
| 12945 Sale of Land | 14,367.69 | 351.01 | -351.01 | 1,629.45 | 0.00 | 15,997.14 |
| 12945A Sale of Land | 3,227.62 | 97.61 | -97.61 | 249.35 | 0.00 | 3,476.97 |
| 19526 Caretaker House | 3,895.01 | 83.28 | -10.69 | 477.85 | 0.00 | 4,445.45 |
| 13775 Various Bequests | 5,762.21 | 110.03 | -5,016.42 | 353.16 | 0.00 | 1,208.98 |
| 1996 - M Carrington Bequest | 36,676.23 | 1,069.39 | -104.53 | 3,302.68 | 0.00 | 40,943.77 |
| 18986 E A Bugg Bequest | 3,445.47 | 84.84 | -9.82 | 410.09 | 0.00 | 3,930.58 |
| 887 Anon Gift | 7,145.81 | 269.45 | -944.37 | 256.74 | 0.00 | 6,727.63 |
| Trinity Hope | 0.00 | 39,320.83 | -1,220.40 | 38,100.43 | ||
| Trinity General | 0.00 | 227.00 | -4,948.85 | -4,721.85 | ||
| TOTAL | 74,520.04 | 41,613.44 | -12,703.70 | 6,679.32 | 0.00 | 110,109.10 |
| Endowment Funds | ||||||
| 13679 L Nunn | 23,792.46 | 621.64 | -621.64 | 2,446.56 | 0.00 | 26,239.02 |
| 15041 Circuit Fund | 6,058.74 | 183.04 | -183.04 | 468.75 | 0.00 | 6,527.49 |
| TOTAL | 29,851.20 | 804.68 | -804.68 | 2,915.31 | 0.00 | 32,766.51 |
| TOTALS | 2,337,190.82 | 293,397.55 | -322,637.57 | 233,287.50 | 6,034,422.00 | 8,575,660.30 |
An�analysis�of�balance�sheet�lines�allocated�to�fund�type�is�provided�on�the�face�of�balance�sheet.�
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
Unrestricted��
General�Funds�
This�is�used�at�the�discretionary�use�of�the�Trustees�in�the�furtherance�of�the�general�objectives�of�the� Circuit�and�where�funds�have�not�been�designated�for�other�purposes.�The�vast�majority�of�the�total� General�Fund�is�held�as�freehold�properties,�being�manses�for�Ministers�and�churches�under�the�control�of� the�Circuit�with�the�remainder�in�cash�accounts.�
Unrestricted�Circuit�Model�Trust�fund�
Trust�11088�Tendring�Circuit�Model�Trust�Fund.��This�trust�is�Model�Trust�Capital�as�defined�in�standing� order�915�(2)�(i)�made�up�of�proceeds�of�sale�from�model�trust�properties.��This�trust�is�subject�to�standing� order�955�which�mean�that�it�has�to�pay�an�annual�contribution�to�the�District�Advance�Fund.�
Unrestricted�Trust�21999�‘Audrey�Harris’�and�Trust�14559�‘Various�Bequests’�
These�are�‘B’�type�Trusts,�which�means�there�are�no�restrictions�attached�to�either�Trust.�
Fund�received�during�the�year,�from�Trinity�Church,�Clacton�are�as�follows:�
Unrestricted�Trust�13797�‘Various�Bequests’�
This�is�a�‘B’�type�Trust,�which�means�there�are�no�restrictions�attached�to�it.�
Restricted�Funds:�
12945�Sale�of�Land�and�12945A�Sale�of�Land�
Two�trusts�being�a�division�of�one�sum�of�money�which�arose�from�sale�of�the�Lawford�site�in�1981.��At�the� time�some�of�the�proceeds�went�into�the�Circuit�Model�Trust�Fund�No�11088�but�the�rest�was�treated�as� the�sale�of�an�investment�property�with�interest�being�available�to�the�Circuit.���
The�funds�in�this�trust�can�be�used�towards�a�project�or�other�approved�expenditure.���
19526�Caretaker�House�
Trust�19526�is�an�‘M’�type�Trust,�meaning�it�was�created�to�deposit�the�proceeds�from�the�sale�of�a� Caretaker’s�house�at�Great�Oakley�Methodist�Church�in�2001.��TMCP�inform�us�this�is�unrestricted.�
13775���Various�Bequests�
This�trust�is�made�up�of�a�number�of�bequests�over�the�years�since�1984.��There�are�Model�Trust�Capital� and�the�funds�can�be�used�towards�approved�expenditures�or�property�projects�of�Old�Colwyn�Methodist� Church.��
1996�–�M�Carrington�Bequest�
This�trust�was�established�in�1940,�the�Will�Document�was�damaged�when�our�office�was�fire�bombed�in� the�Second�World�war.��What�we�can�see�from�the�paperwork�which�survives,�is�that�the�bequest�of�about� £200�was�left�to�the�Circuit�to�be�used�for�any�Chapel�building�schemes�of�the�Clacton�on�Sea�Circuit.���
18986�E�A�Begg�Bequest�
This�trust�was�established�by�the�will�of�Edgar�Archibald�Begg,�in�the�sum�of�£�17,726.38�in�December�1999.� The�Will�states,�“To�the�trustees�of�the�Zion�Methodist�Chapel�absolutely�for�the�general�purposes�of�the� chapel”.��As�the�Zion�Methodist�Church�was�closed�the�Circuit�decided�that�the�bequest�should�go�to�the� Circuit.��This�is�Model�Trust�Capital�and�the�funds�can�be�used�towards�approved�expenditures�or�property� purposes.���
Tendring�Methodist�Circuit������34/7
Annual�Report�2024�
NOTES�TO�THE�ACCOUNTS�(continued)�
Restricted�Trust�887�‘Anonymous�gift’�
This�is�a�‘C’�type�Trust,�meaning�it�is�restricted�and�where�the�capital�is�available�for�‘evangelistic�work�at� Great�Clacton,�or�throughout�the�circuit�at�the�discretion�of�the�Managing�Trustees’.�
Endowment�Funds�
Endowment�Fund���15041�circuit�fund�
Trust�15041�Circuit�Account�–�in�1976�a�sum�of�£�1,500�was�raised�or�subscribed�or�given�(the� correspondence�does�not�indicate�the�precise��source)�with�the�intention�that�it�would�form�a� “permanent��Endowment”�to�provide�an�annual�income�to�help�meet�the�running��expenses�of�the�circuit.� Nonetheless�the�circuit�treasurer�Mr�Earnest�Bailey�at�that�time�suggested�that�if�it�was�absolutely� necessary�the�capital�could�be�realised�for�the�support�of�the�circuit.�
Endowment�Fund���13679�L�Nunn�
Trust�13679�Lilian�Nunn�Bequest�–�This�bequest�is�a�permanent�endowment�given�in�1984�stating:� “the�annual�income�arising�from�the�same�shall�be�paid�from�time�to�time�to�the�Superintendent�Minister� of�the�Circuit�in�the�Connexion�in�which�the�Methodist�Chapels�at�St.�Osyth,�Jaywick�Torrington�Great� Bentley�and�Rush�Green…�shall�be�situated…in�order�that�the�same�may�be�divided�by�him�in�such� proportions�as�he�shall�think�fit�between�the�Treasurers�of�the�said�Chapels�or�any�of�them�to�be�applied�by� such�Treasurer�in�augmentation�of�the�ordinary�income�thereof”�
21.��Related�Parties�
No�trustees�made�donations�to�the�Circuit�during�the�year.��All�of�the�Trustees�are�members�of�a�church�in� the�Circuit�and�will�also�be�on�Church�Councils�of�Circuit�churches.�
Related�parties�include�the�Methodist�Conference,�the�Bedfordshire�Essex�&�Hertfordshire�Methodist� District,�and�other�circuit�churches.��No�remuneration�was�paid�to�any�Trustee�during�the�financial�period.�
Reimbursement�of�expenses�to�Circuit�Trustees�amounted�to�£7,493�during�the�period�(2023���£6,581).��
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE TENDRING METHODIST CIRCUIT
Opinion
We have audited the financial statements of The Tendring Methodist Circuit (the ‘charity’) for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity’s affairs as at 31 August 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to the events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for use.
Our responsibilities and the responsibilities of the Trustees with respect to the going concern are described in the relevant sections of this report.
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE TENDRING METHODIST CIRCUIT (continued)
Other information
The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
Other Matters- previous year financial statements not audited
We draw your attention to the fact that the previous financial statements did not require an audit to be carried out and as such they have not been audited. We have undertaken sufficient steps to ensure audit evidence has been obtained in order to confirm that the opening balances do not contain misstatements that materially affect the current period’s financial statements.
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE TENDRING METHODIST CIRCUIT (continued)
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included obtaining an understanding of the legal and regulatory frameworks applicable to the entity and the sector in which they operate. We determined that the most significant laws and regulations were the Charities Act 2011 and general UK laws relating to religious public interest bodies.
We assessed and concluded that the entity’s key area was in relation to disclosure of transactions by type of fund to ensure restricted income was treated as such. Specific audit tests were undertaken to review this and ensure transactions were correctly allocated.
We assessed the susceptibility of the entity’s financial statements to material misstatement, including how fraud might occur. Audit procedures by the engagement team included identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; challenging assumptions and judgements made by management in its significant accounting estimates; identifying and testing unusual value entries, in particular any entries posted with unusual account combinations; and assessing the extent of compliance with the relevant laws and regulations. The size of the entity and value of transactions indicated a low level of material risk.
INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE TENDRING METHODIST CIRCUIT (continued)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-thefi/description-of-the-auditor%E2%80%99s-responsibilities-for.This description forms part of our auditor’s report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Moore Green Statutory Auditor 22 Friars Street Sudbury Suffolk CO10 2AA
30 June 2025
Moore Green is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.