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|Administrative|Administrative|Information|Information|—continued|—continued|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Circuit Ministers||and officers||||||||||
|Active Circuit Ministers:|||||Rev Chris Briggs|||||||
||||||Rec Calvin Cheung|||||||
||||||Rev Neil Draper|||||||
||||||Rev Colin Emerson|||||||
||||||Rev David Owen|||||||
||||||Rev Dr Jacky Quarmby|||||||
||||||Rev Gill Sharp (resigned|31.8.22)||||||
|Circuit Lay|Employees:||||Mrs Jo Howie|||||||
||||||Mrs Judith<br>Neal|||||||
||||||Mrs Mairi Radcliffe|||||||
|Circuit Stewards|||||Mrs Hilary Jones|||||||
||||||Mr John McCartney|||||||
||||||Mr Pete Nelson|||||||
||||||Mr Phil Royle|||||||
|Administrators:|||||Mrs Fiona Riley-Schnoor|||||||
||||||Mrs Ying Qian|||||||
|Mr Alan Castledine<br>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 8HP|||||||
|Investment|Bankers:||||Trustees for Methodist|Church purposes||||||
|Bankers:|||||Central<br>Finance Board ofthe Methodist|||Church||||
||||||HSBC Bank pic|||||||
||||||CAF Bank Ltd|||||||
|Structure, Governance|||and|Management||||||||





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## 

|||||||Restricted|&Endowment|||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Funds|||Funds|||
||||||||||As|
||||Circuit||||||restated|
||||Model|||||Total|Total|
|||General|Trust||Designated|Restricted|Endowment|2022|2021|
||Note|E||||||||
||s|||||||||
|Incoming<br>Resources||||||||||
|Income from Monetary||||||||||
|Investments||551|3,842||93|1,140|2,586|8,212|7,623|
|Income from||||||||||
|Investment<br>Properties||2,500|||36,965|||39,465|27,383|
|Assessments<br>on||||||||||
|Churches||395,579||||||395,579|402,416|
|Grants Received||3,397||||||3,397|19,380|
|Other Income||3,030|610,321|||||613,351|6,823|
|Total Incoming||||||||||
|Resources||405,057|614,163||37,058|1,140|2,586|1,060,004|463,625|
|Expenditure||||||||||
|Grants and Donations||20|25,265||175|||25,460|36,678|
|Salaries and||||||||||
|Associated Costs|6|294,780|||71|||294,851|311,012|
|Property Expenses|7|27,286|||16,493|||43,779|41,123|
|District and||||||||||
|Connexional<br>Levies|8|105,036|202,029|||||307,065|106,920|
|Support Costs|9|6,802||||||6,802|6,353|
|Other Outgoings|10|14,633|100||135|260||15,128|24,599|
|Total Expenditure||448,557|227,394||16,874|260||693,085|526,685|
|Net Income Before||||||||||
|Investment||||||||||
|Gains/(Losses)||(43,500)|386,769||20,184||2,586|366,919|(63,060)|
|Gains/(Losses)<br>on||||||||||
|Monetary<br>Investments||||||(1,060)|(7,813)|(8,873)|28,727|
|Gains/(Losses)<br>on||||||||||
|Investment<br>Properties||||||||||
|Revaluations||160,000||||||160,000|429,000|
|Net Incommg/||||||||||
|(Outgomg)<br>Resources||||||||||
|Before Transfers||116,500|386,769||20,184|(180)|(5,227)|518,046|394,667|
|Transfers||||||||||
|Between Funds|19|3,198|15,000||32,000|(47,614)|(2,584)|||
|Net Movements||||||||||
|in Funds||119,698|401,769||52,184|(47,794)|(7,811)|518,046|394,667|
|Reconciliation of Funds||||||||||
|Total Funds||||||||||
|Brought Forward||3,218,235|35,191||133,933|186,533|138,938|3,712,830|3,318,163|
|TotalFunds||||||||||
|Carried Forward|19|3,337,933|436,960||186,117|138,739|131,127|4,230,876|3,712,830|





## 

## 

|||||||Restricted|&Endowment|||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Funds|||Funds|||
||||||||||As|
||||Circuit||||||restated|
||||Model|||||Total|Total|
|||General|Trust||Designated|Restricted|Endowment|2022|2021|
||Notes|E||||||||
|Fixed Assets||||||||||
|Circuit Manses etc|11|1,676,670||||||1,676,670|1,961,670|
|investments|12||||19,249|43,998|131,127|194,374|250,860|
|Total Fixed Assets||1,676,670|||19,249|43,998|131,127|1,871,044|2,212,530|
|Current Assets||||||||||
|Investment<br>Properties|11|1,686,500||||||1,686,500|1,241,500|
|Debtors|13|17,289||||||17,489|22,887|
|Outstanding||||||||||
|Purchase<br>Price|13a|70,000||||||70,000|85,000|
|Trustees for Methodist||||||||||
|Church Purposes|||436,840|||91,482||528,322|126,504|
|Central Finance||||||||||
|Board Deposits|14|4,111|||166,868|3,259||174,238|148,341|
|Cash at Bank||||||||||
|and In Hand|14|22,938||||||22,938|10,210|
|Total Current Assets||1,800,838|437,040||166,868|94,741||2,499,487|1,634,442|
|Creditors Due In Under||||||||||
|One Year|15|139,575|80|||||139,655|134,142|
|Net Current||||||||||
|Assets/(Liabilities)||1,661,263|436,960||166,868|94,741||2,359,832|1,500,300|
|Net Assets||3,337,933|436,960||186,117|138,739|131,127|4,230,876|3,712,830|
|Funds ofthe Orcuit||||||||||
|General Funds||||||||||
|(Unrestricted)||2,748,933||||||2,748,933|2,789,235|
|Circuit Model Trust||||||||||
|Fund (Unrestricted)|||436,960|||||436,960|35,191|
|Designated<br>Funds||||||||||
|(Unrestricted)|||||186,117|||186,117|133,933|
|Total||||||||||
|Unrestricted<br>Funds|17|2,748,933|436,960||186,117|||3,372,010|2,958,359|
|Fair Value Reserve|17a|589,000||||||589,000|429,000|
|Restricted<br>Funds|18|||||138,739||138,739|186,533|
|Endowment<br>Fund|18||||||131,127|131,127|138,938|
|Total Funds||3,337,933|436,960||186,117|138,739|131,127|4,230,876|3,712,830|





||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Note|f|E|
|Cash used in operating<br>activities||||||25|392,766|(92,296)|
|Cash flows from investing||activities|||||||
|Dividends,<br>interest|and rents from investments||||||47,677|32,506|
|Net cash provided|by/(used|in) investing||activities|||47,677|32,506|
|Increase/(decrease)|in cash|and equivalents|||in the year||440,443|(59,790)|
|Cash and cash equivalents||brought|forward||||285,055|344,845|
|Cash and cash equivalents||carried forward|||||725,498|285,055|
|Cash and cash equivalents||consist of:|||||||
|Cash at bank and in|hand||||||725,498|285,055|
|Analysis ofchange|in Net Funds|||||At 1.9.21<br>E|Cash flow<br>f|At 31.8.22<br>f|
|Net Cash|||||||||
|Cash at Bank||||||285,055|440,443|725,498|





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## 

## 

||||2022|2021|
|---|---|---|---|---|
||||f|f|
|Towards costs of|Chinese Ministry||||
|District|||3,397|4,180|
|Hong Kong Methodist||Church||2,000|
|Chinese congregation||||13,200|
||||3,397|19,380|
|4.<br>Other Income|||||
||||2022|2021|
||||f|f|
|Sale ofChurches|||610,321||
|Recovered insurance||premiums|532|496|
|Chester Green Legacy||||2,204|
|Miscellaneous|||2,498|3,498|
|Unrestricted<br>Total|||613,351|6,198|
|Designated —Susanna||Wesley House Fund||625|
|5.<br>Grants and Donations|||||
||||2022|2021|
||||f|f|
|Grants to churches|and other institutions||25,265|35,149|
|Grants and donations||to individuals|195|1,529|
||||25,460|36,678|



## 

## 

||||General|Designated|Total|2021|
|---|---|---|---|---|---|---|
||||f|f|f|f|
|Stipends|||200,189||200,189|212,940|
|National|Insurance|Contributions|17,840||17,840|18,417|
|Pension|Fund Contributions||44,230||44,230|47,937|
|Telephone|||4,389||4,389|5,095|
|Travelling|||6,265||6,265|944|
|Removal|and Relocation Costs|||71|71|1,950|
||||272,913|71|272,984|287,283|





## 

|Administration|Administration||||||
|---|---|---|---|---|---|---|
||||General|Designated|Total|2021|
||||f|f|f|f|
|Salary|||17,073||17,073|21,047|
|National|Insurance|Contributions|1,345||1,345|1,275|
|Pension|Fund Contributions||971||971|951|
|Travel|||2,478||2,478|456|
||||21,867||21,867|23,729|
|Stipends|and Salaries totals||294,780|71|294,851|311,012|



## 

## 

## 



## 

## 

|Expenditure|on Manses|||||
|---|---|---|---|---|---|
|||General|Designated|Total|2021|
|||f|f|f|f|
|Council Tax||11,787||11,787|13,589|
|Water rates||3,046||3,046|3,474|
|Insurance||7,192||7,192|6,883|
|Maintenance|||14,523|14,523|7,790|
|Furnishings|||430|430|1,382|
|||22,025|14,953|36,978|33,118|
|Letting Expenses||||||
|Agents'<br>charges||5,261||5,261|4,925|
|Other Property Expenses||||||
|||General|Designated|Total|2021|
||||f|f|f|
|Quinquennial|Reports||1,540|1,540|3,080|
||||1,540|1,540|3,080|
|Property Totals||27,286|16,493|43,779|41,123|





## 

## 

## 

|||||General|CMTF|CMTF|Total|2021|
|---|---|---|---|---|---|---|---|---|
|||||f||f|f|f|
|District Expenses||||7,336||6,001|13,337|18,059|
|Methodist|Church|Fund||97,700|||97,700|87,596|
|Levy on CMTF Funds||||||196,028|196,028|1,265|
|||||105,036||202,029|307,065|106,920|
|Support Costs|||||||||
|||||General|||Total|2021|
|||||f|||f|f|
|Stationery|and Postages|||2,324|||2,324|2,239|
|Office Telephone||||548|||548|664|
|Audit Fee||||3,930|||3,930|3,450|
|||||6,802|||6,802|6,353|
|0.<br>Other Expenses|||||||||
||||General|CMTF|Designated|Restricted|Total|2021|
|Preaching Fees|||||||||
|&Travel|||579||||579|170|
|TMCP Charges|||||55|260|415|283|
|Training Costs|||||80||80|38|
|Recoverable|||||||||
|Insurance|||||||||
|Premiums|||533||||533|496|
|Miscellaneous|||13,521||||13,521|23,612|
||||14,633||135|260|15,128|24,599|



## 



## 

## 

## 

|11.<br>Tangible Fixed|Assets||||||
|---|---|---|---|---|---|---|
||||||Other||
||||Land|Manses|Buildings|Total|
||||E||E|E|
|Balance Brought Forward|||200,000|1,523,835|237,835|1,961,670|
|Additions|||||||
|Disposals|||||||
|Transfer to Investment|Property|||(285,000)||(285,000)|
|Balance Carried Forward|||200,000|1,238,835|237,835|1,676,670|
|Investment<br>Properties|(currently|let to tenants|not linked to|the Church)|||
|Balance Brought Forward|||||1,241,500|1,241,500|
|Additions|||||||
|Disposals|||||||
|Transfer from fixed assets|||||||
|Revaluation<br>of|2A Balmoral Close||||445,000|445,000|
||||||1,686,500|1,686,500|



## 

|||2022|2021|
|---|---|---|---|
|||E|E|
|Market Value|Brought Forward|250,860|222,133|
|Net Gain/Loss|on Revaluation|(8,873)|28,727|
|Disposal during the year||(47,613)||
|Market Value|Carried Forward|194,374|250,860|
|Investments<br>at|fair value comprise:|||
|CFBManaged|Mixed Fund|122,753|179,655|
|Royal Bank of|Scotland pic|3,257|2,839|
|Trustees Interest<br>Fund||68,364|68,366|
|||194,374|250,860|





## 

|||||Designated|Funds|Funds|Restricted Funds|Restricted Funds|Restricted Funds||Endowment|Endowment|Endowment|Funds|Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||2022||2021|2022||2021||2022||||2021|
|||||E||E|E||E||E||||E|
|Market Value||||||||||||||||
|Brought Forward||||19,249||19,249|92,673||85,124||138,938||||117,760|
|Net Gain/(Loss)||||||||||||||||
|on Revaluation|||||||(1,061)|||7,549|(7,811)||||21,178|
|Disposal during the||year|||||(47,614)|||||||||
|Market Value||||||||||||||||
|Carried Forward||||19,249||19,249|43,998||92,673||131,127||||138,938|
|CFBManaged||||||||||||||||
|Mixed Fund|||||||||48,674||122,753||||130,981|
|Royal Bank of||||||||||||||||
|Scotland pic|||||||||||3,257||||2,839|
|Trustees||||||||||||||||
|Interest<br>Fund||||19,249||19,249|43,998||43,999||5,117||||5,118|
|||||19,249||19,249|43,998||92,673||131,127||||138,938|
|3.<br>Debtors and Prepayments||||||||||||||||
|ll sums<br>shown||as debtors||at 1 September||2021 were received||during|the|following|year.|All|sums||paid<br>in|
|dvance at 1September|||2021 were for||activities that||have been|held during||2021/22.|Similarly,||it is expected|||
|hat payments|in advance at|||1September 2022 will be|||expensed|in 2022/23.||||||||
|||||||||||2022||||2021||
|Debtors|||||||||||f||||f|
|Recoverable|Expenses||||||||||205||||1,561|
|Prepayments||||||||||||||||
|Stipends,<br>Pension and NIC||||||||||15,084|||||19,265|
|Methodist<br>Insurance|||||||||||2,200||||2,061|
|||||||||||17,489|||||22,887|



## 

## 



## 

## 

## 

||General|Designated|Restricted|Total|2021|
|---|---|---|---|---|---|
||E|E|E|E|E|
|Central Finance Board|4,111|166,868|3,259|174,238|148,341|
|HSBC Bank pic|17,458|||17,458|5,807|
|CAF Bank Ltd|5,339|||5,339|4,247|
|Cash|141|||141|156|
||27,049|166,868|3,259|197,176|158,551|



## 

|||||Circuit Model|||
|---|---|---|---|---|---|---|
||||General|Trust|Total|2021|
||||E|E|E|E|
|Income in|Advance||||||
|Assessments||in Advance|95,085||95,085|87,458|
|Grant in Advance|||2,620||2,620|6,876|
|Creditors|and|Accruals|||||
|Ministers'|Expenses||1,086||1,086|1,421|
|Audit Fee|||3,780||3,780|3,450|
|CPF Levy|||28,000|80|28,080|34,000|
|Others|||9,004||9,004|937|
||||139,575|80|139,655|134,142|



## 

## 

## 

## 




## 

## 

|2022|2021|
|---|---|
|E|E|
|436,960|35,191|



## 

## 




## 

## 

## 

|19.<br>Summary o|f Fund Movements||||||
|---|---|---|---|---|---|---|
||As restated||||||
||Balance at||||Gains/|Balance at|
||1.9.2021|Income|Expenditure|Transfers|(Losses)|31.8.2022|
||E|E|E|E|E|E|
|General|3,218,235|405,057|448,557|3,198|160,000|3,337,933|
|Circuit Model Trust|35,191|614,163|227,394|15,000||436,960|
|Total Unrestricted|||||||
|&Undesignated|3,253,426|1,019,220|675,951|18,198|160,000|3,774,893|
|Susanna<br>Wesley|||||||
|House|2,124|||||2,124|
|Manses|84,417|36,965|14,954|28,000||134,428|
|Removal &|||||||
|Relocation|2,735||71|2,500||5,164|
|Quinquennial|(3,776)||1,539|1,500||(3,815)|
|Prison|142|||||142|
|Training|5,243|93|310|||S,026|
|Dunkirk|23,799|||||23,799|
|Greenhill<br>Bursary|19,249|||||19,249|
|Total Designated|133,933|37,058|16,874|32,000||186,117|
|Total Unrestricted|3,387,359|1,056,278|692,825|50,198||3,961,010|
|Benevolent|319|||||319|
|Borrowash<br>House|91,315|428|260|||91,483|
|Queen's<br>Hall|50,900|712||(47,614)|(1,060)|2,938|
|Bequests|43,999|||||43,999|
|Total Restricted|186,533|1,140|260|(47,614)|(1,060)|138,739|
|Bequests|138,938|2,586||(2,584)|(7,813)|131,127|
|Total Restricted|||||||
|&Endowment|325,471|3,726|260|(50,198)|(8,873)|269,866|
|Total of All Funds|3,712,830|1,060,004|693,085||151,127|4,230,876|





## 

## 

## 

|||||||||As|
|---|---|---|---|---|---|---|---|---|
||||||||Total|restated|
|||General|CMTF|Designated|Restricted|Endowment||2021|
|Tangible|Fixed Assets|1,676,670|||||1,676,670|1,961,670|
|Fixed Asset|||||||||
|Investments||||19,249|43,998|131,127|194,374|250,860|
|Current|Assets|1,800,838|437,040|166,868|94,741||2,499,487|1,634,442|
|Current|Liabilities|(139,575)|(80)||||(139,655)|(134,142)|
|||3,337,933|436,960|186,117|138,739|131,127|4,230,876|3,712,830|
|und balance at 31August 2021are represented|||by:||||||
|||General|CMTF|Designated|Restricted|Endowment|Total|2020|
|Tangible|Fixed Assets|1,961,670|||||1,961,670|2,6S6,670|
|Fixed Asset|||||||||
|Investments||||19,249|92,673|138,938|250,860|222,133|
|Current|Assets|1,390,707|35,191|114,684|93,860||1,634,442|566,985|
|Current|Liabilities|(134,142)|||||(134,142)|(157,625)|
|||3,218,235|35,191|133,933|186,533|138,938|3,712,830|3,318,163|



## 

## 

## 



## 

## 

## 

## 

||||||||||||As restated|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022||2021|
||||||||||E||E|
|Net Income/(Expenditure)|||Before T'ransfers||||||518,046||394,667|
|Deduct gain on revaluations|||||||||(160,000)||(429,000)|
|Add Loss(Deduct|Gains) on||Investments||||||8,873||(28,727)|
|Add Cash from sale||ofinvestments|||||||47,613|||
|Deduct Dividends,|Interest||and|Rents from|Investments||||(47,677)||(32,506)|
|Decrease/(Increase)||in Debtors|||||||20,398||26,753|
|Increase/(Decrease)||in Creditors|||||||5,513||(23,483)|
|Net Cash Used in|Operating||Activities||||||392,766||(92,296)|
|26. Comparative||SOFA||||||||||
||||||||||||As|
||||||Unrestricted|Funds||Restricted &|Endowment|Funds|restated|
||||||Circuit|||||||
||||||Model||||||Total|
||||General||Trust||Designated|Restricted|Endowment||2021|
|Incoming<br>Resources||||||||||||
|Income from||||||||||||
|Monetary<br>Investments||||182|3,554||61|1,06S||2,758|7,623|
|Income from||||||||||||
|Investment<br>Properties|||||||27,383||||27,383|
|Assessments||||||||||||
|on Churches||||402,416|||||||402,416|
|Grants Received||||19,380|||||||19,380|
|Other Income||||6,198|||625||||6,823|
|Total Incoming Resources||||428,176|3,554||28,069|1,068||2,758|463,625|
|Expenditure||||||||||||
|Grants and Donations||||955|32,608||3,015||||36,678|
|Salaries and||||||||||||
|Associated Costs||||309,062|||1,950||||311,012|
|Property<br>Expenses||||28,871|||12,252||||41,123|
|District &Connexial|Levies|||105,655|1,265||||||106,920|
|Office Expenses||||6,353|||||||6,353|
|Other Outgoings||||24,278|101||38|182|||24,599|
|Total Expenditure||||475,174|33,974||17,255|282|||526,685|
|Net Income Before||||||||||||
|Investment<br>Gains/(Losses)||||(46,998)|(30,420)||10,814|786||2,758|(63,060)|
|Gains/(Losses)<br>on||||||||||||
|Monetary<br>Investments||||||||7,549||21,178|28,727|
|Gains/(Losses)<br>on||||||||||||
|Investment<br>Properties||||429,000|||||||429,000|
|Net Incoming/(Outgoing)||||||||||||
|Resources Before Transfers||||382,002|(30,420)||10,814|8,335||23,936|394,667|
|Transfers<br>Between Funds||||(45,242)|15,000||33,000|||(2,758)||
|Net Movements<br>in Funds||||336,760|(15,420)||43,814|8,335||21,178|394,667|
|Reconciliation<br>of Funds||||||||||||
|Total Funds||||||||||||
|Brought Forward|||2,881,475||50,611||90,119|178,198||117,760|3,318,163|
|Total Funds||||||||||||
|Carried Forward|||3,218,235||35,191||133,933|186,533||138,938|3,712,830|





## 

## 

## 

|||||||As restated|
|---|---|---|---|---|---|---|
||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)|429,000|3,218,235|
|Circuit Model Trust|50,611|3,554|33,974|15,000||35,191|
|Total Unrestricted|||||||
|&Undesignated|2,932,086|431,730|509,148|(30,242)||3,253,426|
|susanna<br>Wesley|||||||
|House|1,499|625||||2,124|
|Manses|40,704|27,383|11,670|28,000||84,417|
|Removal<br>&|||||||
|Relocation|1,185||1,950|3,500||2,735|
|Quinquennial<br>Prison|(2,196)<br>142||3,080|1,500||(3,776)<br>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||3,387,359|
|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||457,727|3,712,830|