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|Circ|uit lay workers|||
|---|---|---|---|
|The|circuit continues to employ the following|lay workers||
||Jo Howie|Based at the Susanna|Wesley House project|
||Judith<br>Neal|Supporting<br>the superintendent<br>minister||
||Mairi Radcliffe|Supporting<br>St Martin's|Methodist<br>Church|
||Fiona Riley —Schnoor-|Circuit Administrator|and Safeguarding<br>Officer|



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|Administrative|Administrative||Information|Information|—continued|—continued|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Circuit Ministers|||and officers||||||||||
|Active Circuit||Ministers:||||Rev Colin Emerson (Superintendent)|||||||
|||||||Rev Neil Draper|||||||
|||||||Rev Darren<br>Howie (resigned 24.4.21)|||||||
|||||||Rev Greg Obong-Oshotse|||||||
|||||||Rev David Owen|||||||
|||||||Rev Gill Sharp|||||||
|||||||Rev Dr Gary Watt|||||||
|Circuit Lay|Employees:|||||Mrs Jo Howie|||||||
|||||||Mrs Judith<br>Neal|||||||
|||||||Mrs Mairi Radcliffe|||||||
|Circuit Stewards:||||||Mrs Christina<br>Achu (resigned 12.11.20)|||||||
|||||||Mrs Hilary Jones|||||||
|||||||Mr John IvlcCartney|||||||
|||||||Mr Pete Nelson|||||||
|||||||Mr Phil Royle|||||||
|Administrators:||||||Mrs Fiona Riley-Schnoor|||||||
|||||||Mrs Ying Qian|||||||
|Mr Alan Castledine acted as|||||the|principal<br>officer overseeing|the day to day||financial|management||and|
|accounting|for the Circuit during|||||the year.|||||||
|Independent||auditor:||||Haines Watts, Chartered|Accountants|and Registered|||Auditor||
|||||||10Stadium<br>Business Court|||||||
|||||||Millennium<br>Way|||||||
|||||||Pride Park|||||||
|||||||Derby|||||||
|||||||DE24 BHP|||||||
|Investment|Bankers:|||||Trustees for Methodist|Church purposes||||||
|Bankers:||||||Central Finance Board ofthe Methodist|||Church||||
|||||||HSBC Bank pic|||||||
|||||||CAF Bank Ltd|||||||
|Structure, Governance||||and|Management||||||||





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||||||||Restricted|&Endowment|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Funds|||Funds|||
|||||Circuit|||||||
|||||Model|||||Total|Total|
|||General||Trust||Designated|Restricted|Endowment|2021|2020|
|||||||||||(As|
|||||||||||restated)|
||Note|E||||||||E|
||s||||||||||
|Incoming<br>Resources|||||||||||
|Income from Monetary|||||||||||
|Investments|||182|3,554||61|1,068|2,758|7,623|11,808|
|Income from|||||||||||
|Investment<br>Properties||||||27,383|||27,383|18,540|
|Assessments<br>on|||||||||||
|Churches|2|402,416|||||||402,416|428,966|
|Grants Received|3|19,380|||||||19,380|8,000|
|Other Income|4|6,198||||625|||6,823|105,579|
|Total Incoming|||||||||||
|Resources||428,176||3,554||28,069|1,068|2,758|463,625|572,893|
|Expenditure|||||||||||
|Grants and Donations|||955|32,608||3,015|100||36,678|40,672|
|Salaries and|||||||||||
|Associated Costs||309,062||||1,950|||311,012|332,475|
|Property<br>Expenses||28,871||||12,252|||41,123|50,236|
|District and|||||||||||
|Connexional<br>Levies|8|105,655||1,265|||||106,920|89,553|
|Office Expenses|9|6,353|||||||6,353|7,185|
|Other Outgoings|10|24,278||101||38|182||24,599|10,036|
|Total Expenditure||475,174||33,974||17,255|282||526,685|530,157|
|Net Income Before|||||||||||
|Investment|||||||||||
|Gains/(Losses)||(46,998)||(30,420)||10,814|786|2,758|(63,060)|42,736|
|Gains/(Losses)<br>on|||||||||||
|Monetary<br>Investments|||||||7,549|21,178|28,727|(4,555)|
|Gains/(Losses)<br>on|||||||||||
|Investment<br>Properties|||||||||||
|Net Incoming/|||||||||||
|{Outgoing) Resources|||||||||||
|Before Transfers||(46,998)||(30,420)||10,814|8,335|23,936|(34,333)|38,181|
|Transfers|||||||||||
|Between Funds||(45,242)||15,000||33,000||(2,758)|||
|Net Movements|||||||||||
|in Funds||(92,240)||(15,420)||43,814|8,335|21,178|(34,333)|38,181|
|Reconciliation<br>of Funds|||||||||||
|Total Funds|||||||||||
|Brought Forward||2,881,475||50,611||90,119|178,198|117,760|3,318,163|3,279,982|
|Total Funds|||||||||||
|Carried Forward|19|2,789,235||35,191||133,933|186,533|138,938|3,283,830|3,318,163|





## 

||||||||Restricted|&Endowment|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Funds|||Funds|||
|||||Circuit|||||||
|||||Model|||||Total|Total|
||||General|Trust||Designated|Restricted|Endowment|2021|2020|
|||Notes|E||||||||
|Fixed Assets|||||||||||
|Circuit Manses etc||11|2,686,670||||||2,686,670|2,686,670|
|Investments||12||||19,249|92,673|138,938|250,860|222,133|
|Total Fixed Assets|||2,686,670|||19,249|92,673|138,938|2,937,530|2,908,803|
|Current Assets|||||||||||
|Investment<br>Properties||11|87,500||||||87,500|87,500|
|Debtors||13|22,887||||||22,887|24,640|
|Outstanding|||||||||||
|Purchase<br>Price||13a|85,000||||||85,000|110,000|
|Trustees for Methodist|||||||||||
|Church Purposes||||35,191|||91,313||126,504|141,800|
|Central Finance|||||||||||
|Board Deposits|.|14|31,110|||114,684|2,547||148,341|164,214|
|Cash at Bank|||||||||||
|and In Hand||14|10,210||||||10,210|38,831|
|Total Current Assets|||236,707|35,191||114,684|93,860||480,442|566,985|
|Creditors<br>Due ln Under|||||||||||
|One Year||15|134,142||||||134,142|157,625|
|Net Current|||||||||||
|Assets/(Liabilities)|||102,565|35,191||114,684|93,860||346,300|409,360|
|Net Assets|||2,789,235|35,191||133,933|186,533|138,938|3,283,830|3,318,163|
|Funds ofthe Circuit|||||||||||
|General Funds|||||||||||
|(Unrestricted)|||2,789,235||||||2,789,235|2,881,475|
|Circuit Model Trust|||||||||||
|Fund (Unrestricted)||||35,191|||||35,191|50,611|
|Designated<br>Funds|||||||||||
|(Unrestricted)||||||133,933|||133,933|90,119|
|Total|||||||||||
|Unrestricted<br>Funds||17|2,789,235|35,191||133,933|||2,958,359|3,022, 205|
|Restricted<br>Funds||18|||||186,533||186,533|178,198|
|Endowment<br>Fund||18||||||138,938|138,938|117,760|
|Total Funds|||2,789,235|35,191||133,933|186,533|138,938|3,283,830|3,318,163|





||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|E|E|
|Cash used in operating<br>activities||||26|(92,296)|53,922|
|Cash flows from investing|activities||||||
|Dividends,<br>interest and rents from investments|||||32,506|30,348|
|Net cash provided<br>by/(used|in) investing|activities|||32,506|30,348|
|Increase/(decrease)<br>in cash|and equivalents||in the year||(59,790)|84,270|
|Cash and cash equivalents|brought<br>forward||||344,845|260,575|
|Cash and cash equivalents|carried forward||||285,055|344,845|
|Cash and cash equivalents|consist of:||||||
|Cash at bank and<br>in hand|||||285,055|344,845|





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## 

|.<br>Grants Receivable|||||
|---|---|---|---|---|
||||2021|2020|
||||f|f|
|Towards costs of Chinese||Ministry|||
|District|||4,180||
|Hong Kong Methodist|Church||2,000|2,000|
|Chinese congregation|||13,200|6,000|
||||19,380|8,000|
|.<br>Other Income|||||
||||2021|2020|
|||||(As restated)|
|||||E|
|Recovered insurance|premiums||496|494|
|Chester Green Legacy|||2,204||
|Miscellaneous|||3,498|3,421|
|Unrestricted<br>Total|||6,198|3,915|
|Designated —Susanna|Wesley House Fund||625|1,399|
|Restricted — Borrowash||House Fund||100,265|



## 

## 

|.<br>|Grants and D|on|ations|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|E|
|Grants|to churches|and other institutions||35,149|39,365|
|Grants|and donations||to individuals|1,529|1,307|
|||||36,678|40,672|



## 

## 

|tipends|were paid|to 7 Presbyters<br>and|3 lay employees (20|19/20: 11)and were|as follows:-||
|---|---|---|---|---|---|---|
||||General|Designated|Total|2020|
||||E||f|E|
|Stipends|||212,940||212,940|229,652|
|National|Insurance|Contributions|18,417||18,417|19,620|
|Pension|Fund Contributions||47,937||47,937|52,769|
|Telephone|||5,095||5,095|5,083|
|Travelling|||944||944|6,092|
|Removal|and Relocation Costs|||1,950|1,950||
||||285,333|1,950|287,283|313,216|





|Administration|Administration||||||
|---|---|---|---|---|---|---|
||||General|Designated|Total|2020|
||||f|E|E|E|
|Salary|||21,047||21,047|17,559|
|National|Insurance|Contributions|1,275||1,275|910|
|Pension|Fund Contributions||951||951|735|
|Travel|||456||456|55|
||||23,729||23,729|19,259|
|Stipends|and Salaries totals||309,062|1,950|311,012|332,475|



## 

## 



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## 


## 



## 

||||||General||CMTF|CMTF|Total||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||f|||f|f||f|
|District|Expenses||||18,059||||18,059||10,656|
|Methodist||Church|Fund||87,596||||87,596||77,200|
|Levy on|CMTF Funds|||||||1,265|1,265||1,697|
||||||105,655|||1,265|106,920||89,553|
||Office Expenses|||||||||||
||||||General||||Total||2020|
||||||f||||f||f|
|Stationery||and Postages|||2,239||||2,239||3,613|
|Office Telephone|||||664||||664||272|
|Audit Fee|||||3,450||||3,450||3,300|
||||||6,353||||6,353||7,185|
|0.|Other Expenses|||||||||||
|||||General|CMTF|Designated||Restricted|Total||2020|
|Preaching|Fees|||||||||||
|&Travel||||170||||||170|757|
|TMCP Charges|||||101|||182||283|336|
|Training Costs||||||||||38|53|
|Recoverable||||||||||||
|Insurance||||||||||||
|Premiums||||496||||||496|494|
|Miscellaneous||||23,612|||||23,612||8,396|
|||||24,278|101||38|182|24,599||10,036|





|11.|Tangible|Tangible|Fixed|Fixed|Assets|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Other||
|||||||Land|Manses|Buildings|Total|
|||||||f||f|f|
|Balance|Brought||Forward|||200,000|2,248,835|237,835|2,686,670|
|Additions||||||||||
|Disposals||||||||||
|Balance|Carried||Forward|||200,000|2,248,835|237,835|2,686,670|
|Investment||Properties|||(included|as current assets as properties|are to be sold)|||
|Balance|Brought||Forward|||||87,500|87,500|
|Additions||||||||||
|Disposals||||||||||
|||||||||87,500|87,500|
|12.|Investment|||Assets||||||



||2021|2020|
|---|---|---|
||f|f|
|Market Value Brought Forward|222,133|258,670|
|Net Gain/Loss<br>on Revaluation|28,727|(4,555)|
|Disposal during the year||(31,982)|
|Market Value Carried Forward|250,860|222,133|
|Investments<br>at fair value comprise:|||
|CFBManaged<br>Mixed Fund|179,655|151,791|
|Royal Bank ofScotland pic|2,839|1,461|
|Trustees Interest<br>Fund|68,366|68,881|
||250,860|222,133|





## 

|||||Designated|Funds|Funds|Funds|Restricted|Restricted|Funds|Funds|Endowment|Endowment|Endowment|Funds|Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||2021|||2020|2021|||2020|2021||||2020|
|||||E|||E|E|||E|E||||E|
|Market Value|||||||||||||||||
|Brought Forward||||19,249|||19,249|85,124|||118,226|117,760||||121,195|
|Net Gain/(Loss)|||||||||||||||||
|on Revaluation||||||||7,549|||(1,114)|21,178||||(3,435)|
|Disposal during the||year|||||||||(31,988)||||||
|Market Value|||||||||||||||||
|Carried Forward||||19,249|||19,249|92,673|||85,124|138,938||||117,760|
|CFBManaged|||||||||||||||||
|Mixed Fund||||||||48,674|||41,125|130,981||||110,666|
|Royal Bank of|||||||||||||||||
|scotland<br>pic||||||||||||2,839||||1,461|
|Trustees|||||||||||||||||
|Interest<br>Fund||||19,249|||19,249|43,999|||43,999|5,118||||5,633|
|||||19,249|||19,249|92,673|||85,124|138,938||||117,760|
|3.<br>Debtors and Prepayments|||||||||||||||||
|ll sums<br>shown||as debtors||at 1 September|||2020 were received||during||the following|year.|All|sums||paid<br>in|
|dvance at 1September|||2020 were for||activities that|||have been|held|during 2020/21.||Similarly,||it is expected|||
|hat payments|in advance at|||1September||2021 will be expensed|||in 2021/22.||||||||
||||||||||||2021||||2020||
|Debtors||||||||||||E||||E|
|Recoverable|Expenses|||||||||||1,561||||1,698|
|Prepayments|||||||||||||||||
|Stipends,<br>Pension and NIC|||||||||||19,265|||||21,031|
|Methodist<br>Insurance||||||||||||2,061||||1,911|
||||||||||||22,887|||||24,640|



## 

## 



## 

||General|Designated|Restricted|Total|2020|
|---|---|---|---|---|---|
||E|E|E|E|E|
|Central Finance Board|26,078|119,716|2,547|148,341|164,214|
|HSBC Bank pic|5,807|||5,807|34,465|
|CAF Bank Ltd|4,247|||4,247|4,167|
|Cash|156|||156|199|
||36,288|119,716|2,547|158,551|203,045|



## 

|t is expe|cted th|at all|sums a|cc|rued a|t 31August 2021 will b|t 31August 2021 will b|e paid during t|he year ended 31Augu|he year ended 31Augu|st 2022.||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||General||Designated|Total||2020||
||||||||E|||E|E||
|Income in Advance|||||||||||||
|Assessments<br>in Advance|||||||87,458|||87,458|99,391||
|Grant<br>in Advance|||||||6,876|||6,876|4,180||
|Creditors|and Accruals||||||||||||
|Ministers'|Expenses||||||1,421|||1,421||966|
|Audit Fee|||||||3,450|||3,450|3,300||
|CPF Levy|||||||34,000|||34,000|44,000||
|Others|||||||937|||937|5,788||
||||||||134,142||134,142||157,625||
|ncome received||in advance||in|2020 totalling ff103,571was|||fully released|during the year|ended|31"August||
|021.|||||||||||||
|6.|Capital|Commitments|||and Contingent||Liabilities||||||
|t 31August 2021the|||Circuit||had no|capital commitments.|||||||
|7.|Unrestricted||Funds||||||||||
|eneral|Fund||||||||||||
||||||||||2021||2020||
||||||||||f||f||
|Balance|||||||||2,789,235||2,881,475||



## 

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## 

## 

## 

|19.<br>Summary of|Fund Movements||||||
|---|---|---|---|---|---|---|
||Balance at||||Gains/|Balance at|
||1,9.2020|Income|Expenditure|Transfers|(Losses)|31.8,2021|
||E|E|E|E|E|E|
|General|2,881,475|428,176|475,174|(45,242)||2,789,235|
|Circuit Model Trust|50,611|3,554|33,974|15,000||35,191|
|Total Unrestricted|||||||
|8 Undesignated|2,932,086|431,730|509,148|(30,242)||2,824,426|
|Susanna<br>Wesley|||||||
|House|1,499|625||||2,124|
|Manses|40,704|27,383|11,670|28,000||84,417|
|Removal &|||||||
|Relocation|1,185||1,950|3,500||2,735|
|Quinquennial|(2,196)||3,080|1,500||(3,776)|
|Prison|142|||||142|
|Training|5,737|61|555|||5,243|
|Dunkirk|23,799|||||23,799|
|Greenhill<br>Bursary|19,249|||||19,249|
|Total Designated|90,119|28,069|17,255|33,000||133,933|
|Total Unrestricted|3,022,205|459,799|526,403|2,758||2,958,359|
|Benevolent|419||100|||319|
|Borrowash<br>House|91,189|308|182|||91,315|
|Queen's<br>Hall|42,591|760|||7,549|50,900|
|Bequests|43,999|||||43,999|
|Total Restricted|178,198|1,068|282||7,549|186,533|
|Bequests|117,760|2,758||(2,758)|21,178|138,938|
|Total Restricted|||||||
|&Endowment|295,958|3,826|282|(2,758)|28,727|325,471|
|Total of All Funds|3,318,163|463,625|526,685||28,727|3,283,830|





## 

## 

## 

|||General|CMTF|Designated|Restricted|Endowment|Total|2020|
|---|---|---|---|---|---|---|---|---|
|Tangible|Fixed Assets|2,686,670|||||2,686,670|2,686,670|
|Fixed Asset|||||||||
|Investments||||19,249|92,673|138,938|250,860|222,133|
|Current|Assets|236,707|35,191|114,684|93,860||480,442|566,985|
|Current|Liabilities|(134,142)|||||(134,142)|(157,625)|
|||2,789,235|35,191|133,933|186,533|138,938|3,283,830|3,318,163|
|Fund balance at 31August 2020 are represented|||by:||||||
|||General|CIVITF|Designated|Restricted|Endowment|Total|2019|
|Tangible|Fixed Assets|2,686,670|||||2,686,670|2,686,670|
|Fixed Asset|||||||||
|Investments||||19,249|85,124|117,760|222,133|258,670|
|Current|Assets|352,430|50,611|70,870|93,074||566,985|496,8S7|
|Current|Liabilities|(157,625)|||||(157,625)|(162,245)|
|||2,881,475|50,611|90,119|178,198|117,760|3,318,163|3,279,982|



## 

## 



## 

## 

|||||
|---|---|---|---|
|6.<br>Reconciliation<br>of Net Income to Net Cash Flow from Operating|Activities|||
|||2021|2020|
|||E|E|
|Net Income/(Expenditure)<br>Before Transfers||(34,333)|38,183|
|Add Loss(Deduct Gains) on Investments||(28,727)|4,553|
|Add Cash from sale ofinvestments|||31,982|
|Deduct Dividends,<br>Interest and Rents from Investments||(32,506)|(30,348)|
|Decrease/(Increase)<br>in Debtors||26,753|14,172|
|Increase/(Decrease)<br>in Creditors||(23,483)|(4,620)|
|Net Cash Used in Operating<br>Activities||(92,296)|53,922|



## 

|27. Comparati|ve<br>SOF|A (As Restat|ed)|||||||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Funds||Restricted a|Endowment|Funds||
||||Circuit|||||||
||||Model||||||Total|
|||General|Trust||Designated|Restricted|Endowment||2020|
|Incoming<br>Resources||||||||||
|Income from||||||||||
|Monetary<br>Investments||793|5,172||179|2,328||3,336|11,808|
|Income from||||||||||
|Investment<br>Properties|||||18,540||||18,540|
|Assessments||||||||||
|on Churches||428,966|||||||428,966|
|Grants Received||8,000|||||||8,000|
|Other Income||3,915|||1,399|100,265|||105,579|
|Total Incoming Resources||441,674|5,172||20,118|102,593||3,336|572,893|
|Expenditure||||||||||
|Grants and Donations||1,050|29,610||277|9,735|||40,672|
|Salaries and||||||||||
|Associated Costs||332,339|||136||||332,475|
|Property<br>Expenses||30,456|||19,780||||50,236|
|District &Connexial|Levies|87,856|1,697||||||89,553|
|Office Expenses||7,185|||||||7,185|
|Other Outgoings||9,647|136||53|200|||10,036|
|Total Expenditure||468,533|31,443||20,246|9,935|||530,157|
|Net Income Before||||||||||
|Investment<br>Gains/(Losses)||(26,859)|(26,271)||(128)|92,658||3,336|42,736|
|Gains/(Losses)<br>on||||||||||
|Monetary<br>Investments||(3)||||(1,118)||(3,435)|(4,555)|
|Net Incoming/(Outgoing)||||||||||
|Resources Before Transfers||(26,862)|(26,271)||(127)|91,540||(99)|38,181|
|Transfers<br>Between Funds||(1,206)|9,000||33,000|(37,458)||(3,336)||
|Net Movements<br>in Funds||(28,068)|(17,271)||32,873|54,082||(3,435)|38,181|
|Total Funds||||||||||
|Brought Forward||2,909,543|67,882||57,246|124,116||121,195|3,279,982|
|Total Funds||||||||||
|Carried Forward||2,881,475|50,611||90,119|178,198||117,760|3,318,163|





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||Balance at||||Gains/|Balance at|
|---|---|---|---|---|---|---|
||1.9.2019|Income|Expenditure|Transfers|(Losses)|31.8.2020|
||E|E|E|E|E|E|
|General|2,909,543|441,674|468,533|(1,206)|(3)|2,881,475|
|Circuit Model Trust|67,882|5,172|31,443|9,000||50,611|
|Total Unrestricted|||||||
|&Undesignated|2,977,425|446,846|499,976|7,794|(3)|2,932,086|
|susanna<br>Wesley|||||||
|House|100|1,399||||1,499|
|Manses|11,732|18,540|17,568|28,000||40,704|
|Removal<br>&|||||||
|Relocation|(2,315)|||3,500||1,185|
|Quinquennial|(1,486)||2,210|1,500||(2,196)|
|Prison|278||136|||142|
|Training|5,889|179|332|||5,737|
|Dunkirk|23,799|||||23,799|
|Greenhill<br>Bursary|19,249|||||19,249|
|Total Designated|57,246|20,118|20,246|33,000||90,119|
|Total Unrestricted|3,034,671|466,964|520,222|40,794|(2)|3,022,205|
|Benevolent|419|||||419|
|Borrowash<br>House||101,125|9,936|||91,189|
|Queen's<br>Hall|79,698|1,468|(1)|(37,458)|(1,118)|42,591|
|Bequests|43,999|||||43,999|
|Total Restricted|124,116|102,593|9,935|(37,458)|(1,118)|178,198|
|Bequests|121,195|3,336||(3,336)|(3,435)|117,760|
|Total Restricted|||||||
|&Endowment|245,311|105,929|9,935|(40,794)|(4,553)|295,958|
|Total of All Funds|3,279,982|572,893|530,157||(4,555)|3,318,163|



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