## |Legal framework
and organisation||||||||| |---|---|---|---|---|---|---|---|---| |Full Name: Bromsgrove
&Redditch Methodist
Circuit ("the Circuit" )||||||||| |The Circuit has pastoral
oversight of10Churches
in Bromsgrove
and Redditch.|It exists|||||||| |to support the Christian
Mission ofthose Churches.||||||||| |Charity Registration
Number: 1145630||||||||| |Date ofregistration
26th January 2012||||||||| |Communication
address: Circuit Office Ecumenical
Centre 6Evesham
Walk Redditch|||B974EX|||||| |The members ofthe Bromsgrove
&Redditch Methodist
Circuit Meeting are the|Charity's Trustees.|||||||| |Membership
ofthat Meeting consists ofCircuit office holders, ministers|||and|||||| |representatives
appointed
by the local churches.||||||||| |A full list ofTrustees is shown as Appendix
Ato this report. Trustees are appointed|||by the existing|||||| |Trustees. They include ex-offficio office holders and representatives|of|the 10churches.||||||| |Circuit Ministers
and Stewards are shown on the front page.||||||||| |Circuit Lay Workers:
Mrs 5ally Meredith||||||||| |Mrs Anne Batchelor (from 1st February 2022)||||||||| |Administrator:
Mrs Lucy West (from 6th June 2022)||||||||| |The principal officer overseeing the financial
management
and accounting for the||Circuit||||||| |Mr John Wyatt||||||||| |Independent
examiner
Ormerod
Rutter||||||||| |The Oakley, Kidderminster
Road||||||||| |Droitwich
WR9 9AY||||||||| |Banks
a)
Central Finance Board ofthe Methodist
Church||||||||| |b) Trustees for Methodist
Church purposes||||||||| |c) HSBC||||||||| |Financial statements
for the year ended 31stAugust 2022||||||||| |Income||||||||| |Income is primarily
drawn from the assessments
paid to the Circuit by its 10Churches.||||||||| |There was an agreed reduction of5% in assessments
compared
with|the|||||||| |previous year to assist the Churches
during the Covid pandemic.||||||||| |Although
regular income
is down compared
with the previous year, a non-recurring|||sale|||||| |ofa parcel ofsurplus
land has resulted
in an overall increase
in income.||||||||| |Despite the pandemic
continuing
to affect attendances
during the year,||||||||| |the incomes ofthe individual
Churches
have been maintained
close|to|their||||||| |pre Covid levels. The Churches
have all continued to pay their assessments||||||||| |to the Circuit at the agreed amounts.
The financial state ofthe Churches||||||||| |has been monitored
by the Circuit throughout
the year and to date.||||||||| |Rental income relates to the rental oftwo manses temporarily
occupied by 3rd|parties|||and||||| |rental income from the hire of Blackwell Church
Hall.||||||||| |When a Church ceases as a place ofworship the Circuit becomes the managing|trustee|||||||| |ofthat Church.||||||||| |Expenditure||||||||| |Stipend expenditure
has increased
in line with Methodist
Conference approval.||||||||| |A grant ofE30,000was made during the year to the Methodist
Ministers
Pension Trust.||||||||| |The District Assessment
and Levy is used to fund the work ofthe wider Methodist||Church.||||||| |There was significant
expenditure
on the Manses and other Circuit properties||||||||| |this year to maintain
and enhance their values.||||||||| |Fund balances||||||||| |As at 31August 2022 the net current assets less liabilities were E313,554||||||||| |which compares
with last year's figure ofE370,650.||||||||| |Plans for the year ending 31stAugust 2023||||||||| |These have been prepared
on the basis that there will be 3full time ordained staff.||||||||| |and the layworkers
listed in the legal framework
paragraph
above.||||||||| |Basis ofpreparation
and legal framework||||||||| |The Circuit's financial statements
forthe year ended 31August 2022 have been|prepared
in|||||||| |accordance with the Charities Act2011and the Charities: Statement|ofRecommended|||||Practice||| |as applicable to the Financial Reporting Standard
(FRS)102||||||||| |Aims and organisation
ofthe Circuit:||||||||| |The Circuit's aim isto assist and oversee 10Churches
and to act as a resource provider||||for the Methodist||||| |Church
within
an area around
Birmingham,
Warwickshire
and Worcestershire.||||||||| |The purposes ofthe Methodist
Church are and always have been, the advancement|||of:|||||| |a) The Christian
faith in accordance
with the doctrinal standards
and discipline ofThe Methodist|||||Church;|||| |b) Any charitable
purpose for the time being ofany organisation
within The Methodist||||Church structure;||||| |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 ofany charity being a charity subsidiary to or|ancillary to The Methodist||||||Church|| |The Circuit attempts to achieve it's aims by:||||||||| |e) organising
and resourcing
regular
public acts ofworship open to members
of|the||Church and to|||non-members||alike.| |f)teaching Christianity
through
sermons, courses and small groups.||||||||| |g) resourcing
pastoral work including
visiting the sick and bereaved.||||||||| |h) leading religious assemblies
in schools.||||||||| |i) promoting
Christianity
through
the staging ofevents and services.||||||||| |J) providing
Chaplaincy
services to local institutions,||||||||| |Trustees Annual
Report|||||| |---|---|---|---|---|---| |for the year ended 31stAugust 2022 - continued|||||| |Public benefit|||||| |The trustees
have had regard to the Charity Commission's
guidance
on public benefit. In particular the Circuit's|aims||||| |are inclusive ofthe public as a whole and the aims also benefit
all those ofthe Christian
faith and beliefs.|||||| |During the year the Circuit has been instrumental
in assisting
it's 10Churches to maintain
buildings|||||| |and outreach
which encourage
Christian
Worship,|||||| |Structure, governance
and management|||||| |The governing
document forthe Circuit is the Deed of Union (1932)and Methodist
Church Act (1976)|||||| |Detailed governance
arrangements
are outlined
within the Constitutional
Practice and Discipline ofthe Methodist||Church|||by| |order ofthe annual conference ("CPD").|||||| |Day to day management
ofthe Circuit is undertaken
by the Circuit Leadership
team along with the Local Preachers'|||meeting.||| |Trustee training|||||| |Guidance
published
by The Methodist
Connexion to support the running ofthe Circuit, specifically the leaflet|||||| |'The Role ofaTrustee
in The Methodist
Church'
is available to all new Trustees.|||||| |Related parties|||||| |The Circuit is within the Birmingham
District ofThe Methodist
Church. The District is accountable to Methodist|Conference.||||| |The following
Methodist
Churches are within the Circuit: Alcester, Bromsgrove,
Catshill, Crabbs Cross, Emmanuel||Redditch,|||| |Lickey End, StAndrew's
Church
Hill, Studley, The Bridge at Headless Cross and Rowney Green Alvechurch.|||||| |Emmanuel
Redditch, The Bridge at Headless Cross and Rowney Green are Local Ecumenical
Parntnerships|||||| |with other Christian
denominations.|||||| |Risk management|||||| |Major risks are identified
and recorded
by the Circuit Leadership
Team with professional
advice taken as required.|||||| |There is a regular annual
review process undertaken
and recorded.|||||| |Income and Expenditure
is monitored
and is compared
with the approved
annual
budget on a half yearly basis|||||| |to detect trends as part ofthe risk management
process to avoid unforeseen
calls on reserves.|||||| |Safeguarding|||||| |Every person has a value and dignity which comes directly from the creation ofmale and female
in God's own|image||and||| |likeness. Christians see this potential
as fulfilled
by God's re-creation ofus in Christ. Among other things this|||||| |implies a duty to value all people as bearing the image ofGod and therefore to protect them from harm.|||||| |Methodist
Connexional
practice outlines commitment
to the following
principles:|||||| |~ the care and nurture
of, and respectful
pastoral
ministry
with, all children,
young people and adults|||||| |~ the safeguarding
and protection of all children, young people and adults when they are vulnerable|||||| |~the establishing
ofsafe, caring communities
which provide a loving environment
where there is informed|||||| |vigilance as to the dangers ofabuse.|||||| |~ the careful selection and training of all those with any responsibility
within the Church,
in line with Safer Recruitment|||||| |principles,
including the use ofcriminal
records disclosures
and registration
with the relevant|vetting and||||barring schemes.| |~ the response,
without
delay, to every complaint
made which suggests that an adult, child oryoung person||may|||| |have been harmed
and cooperating
with the police and local authority
in any investigation.|||||| |~ seeking to work with anyone who has suffered abuse, developing
with them an appropriate
ministry of informed||||pastoral care.|| |~ seeking to challenge
any abuse of power, especially
by anyone
in a position oftrust.|||||| |~ seeking to offer pastoral care and support,
including
supervision
and referral to the proper authorities,|to|any|||| |member ofour church community
known to have offended against a child, young person or vulnerable||||adult.|| |~ In all these principles
we will follow legislation,
guidance
and recognised
good practice|||||| |The Circuit has committed
itself to ensuring the implementation
ofConnexional
Safeguarding
Policy, government|||||| |legislation,
guidance
and safe practice in the Circuit and in the Churches.|||||| |The Circuit has committed
itself tothe provision ofsupport,
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 ofchildren
and adults who may be vulnerable.|||||| |Reserves policy|||||| |The reserves policy ofthe trustees
isto hold no more than 6months
normal expenditure
after taking account of|||||| |potential
and promised
support ofthe 10churches
in mission including
property
maintenance.|||||| ## ## ## ||||Notes to|||Circuit Model|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||the|General Fund||Trust Fund
.|Restricted|Endowment|||| ||||accounts|(Unrestricted)|(Unrestricted)||Funds||Funds|Total|2021| |||||F||6|E||6||| |Income|||||||||||| |Donations
and legacies||||||||||0|| |Income from monetary
investments||||18.99||1,077.08|35.19||32.52|1,163.78|910| |Income from investment
properties||||26,842.96||||||26,842.96|31,920| |Assessments
on churches||||172,998.98||||||172,998.98|184,047| |Blackwell
Hall transferred
to|circuit||||||||||| |Property sales||||||63,544.00||||63,544.00|1,184| |Other charitable
income||||4,845.50|||1,634.43|||6,479.93|5,819| ||Totalincome|||204,706.43||64,621.08|1,669.62||32.52|271,029.65|223,880| |Expenditure|||||||||||| |Grants and donations||||440.00||33,750.00|1,636.93|||35,826.93|575| |Salaries, national
insurance|and pension|||148,161.87||||||148,161.87|144,073| |Employees
travel and expenses||||9,084.58||||||9,084.58|6,359| |Property
maintenance||||63,729.22||||||63,729.22|45,474| |District assessment
8 levy||||40,512.00||9,888.92||||50,400.92|53,439| |Property sale levy||||||8,708.80||||8,708.80|| |Circuit office expenses||||4,350.75||||||4,350.75|3,587| |Other outgoings||||7,149.44||706.17|19.49||3.27|7,879.37|7,707| |Total expenditure||||273,427.86||53,053.89|1,656.42||3.27|328,141A4|261,214| |Gains/(losses)
on monetary|investments||||||7.91|—|84.12 -|92.03|205| |Gains/(losses)
on investment|properties||||||||||| |Net income/-expenditure||||68,721.43||11,567.19|5.29||54.87 -|57,203.82|37,129| |Transfers
between
funds||||64,444.95||64,400.00|15.70||29.25 -|0.00|| |Other gains|||||||||||| |Net movementin||funds||4,276.48|-|52,832.81|10.41||84.12 -|57,203.82|37,129| |Total funds brought
fonuard||||1,799,032.91||333,916.38|7,40046||1,343.91|2,141,693.66|2,178,822| |Total funds|carried|forward||1,794,756.43||281,083.57|7,390.05||1,259.79|2,084,489.84|2,141,693| ## ## ||||||Notes to||Circuit Model||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||the|General Fund|Trust Fund|Restricted|Endowment||| ||||||accounts|(Unrestricted)|(Unrestricted)|Funds|Funds|Total|2021| |||||||6|6|E|6||| |Fixed Assets|||||||||||| |Manses|&equipment|||||835,000.00||||835,000.00|&35,000| |Investment
properties||||||934,558.00||||934,558.00|934,558| |Investments||||||||123.15|1,255.00|1,378.15|1,485| |||Total|fixed|assets||1,769,558.00|0.00|123.15|1,255.00|1,770,936.15|1,771,043| |Current|Assets||||||||||| |Debtors|and prepayments||||10|13,602.31||||13,602.31|14,722| |Loans by the||Circuit to churches|||10||119,488.00|||119,4S&.00|86,138| |Deposits|with|TMCP|||||161,595.58|7,256.78|4.79|168,857.13|255,024| |Deposits|with|CFB||||7,093.39||||7,093.39|9,924| |Deposits|with|HSBC||||31,855.57||10.12||31,865.69|22,&99| |||Total current||assets||52,551.27|281,0&3.56|7,266.90|4.79|340,906.52|388,707| |Current|liabilities||||||||||| |Creditors|(due in under||1 year)|||27,352.83||||27,352.83|18,057| |||Total current liabi%ties||||2T,352.83|0.00|0.00|0.00|27,352.&3|18,05T| |||Net current||assets||25,198.44|281,083.56|7,266.90|4.79|313,553.69|370,650| |Total assets||less current liabilities|||||||||| |||||||1,794,756.44|281,083.56|7,390.05|1,259.79|2,084,489.84|2,141,693| |Funds ofthe||Circuit|||||||||| |General|Fund|(Unrestricted)||||1,794,756.43||||1,794,756.43|1,799,033| |Circuit Model||Trust Fund|||||||||| |(Unrestricted)|||||||281,083.57|||281,083.57|333,917| ||Total Unrestricted|||Funds||||||2,075,840.00|2,132,950| |Restricted
Funds||||||||7,390.05||7,390.05|7,400| |Endowment
Funds|||||||||1,259.79|1,259.79|1,343| ||||Total|Funds||1,794,756.43|281,083.57|7,390.05|1,259.79|2,084,489.84|2,141,693| |Notes to|the financial statements|||||| |---|---|---|---|---|---|---| |1 Accounting
policies||||||| |Charity Information||||||| ||Bromsgrove
&Redditch
Circuit ofthe Methodist
Church
is a trust which is registered||with|the||| ||Charity Commission
in England
and Wales. The registered
office is:-Circuit Office,||Ecumenical|||| ||Centre, 6 Evesham
Walk, Redditch B974EX.|||||| |Accounting
convention||||||| ||The financial statements
have been prepared
in accordance
with the Circuit's governing|||||| ||document
and "Accounting
and Reporting
by Charities: Statement ofRecommended||Practice|||| ||applicable
to charities preparing
their accounts
in accordance
with the Financial
Reporting|||||| ||Standard
applicable
in the UK and Republic of Ireland (FRS102)"(as amended
for||accounting|||| ||periods commencing
from 1 January 2016).The Circuit is a trust as defined
by FRS 102.|||||| ||The Circuit has taken advantage
ofthe provisions
in the SORP for charities
applying||FRS||102|| ||Update
Bulletin
1 not to prepare a Statement
ofCash Flows.|||||| ||The financial statements
are prepared
in sterling,
which is the functional
currency ofthe Circuit.|||||| ||Monetary
amounts
in these financial statements
are rounded
to the nearest
K.|||||| |Going concern||||||| ||At the time ofapproving
the financial statements,
the Trustees have a reasonable|||||| ||expectation
that the Circuit has adequate
resources to continue
in operational|||||| ||existence for the foreseeable
future. Thus the Trustees
continue to adopt the going|||||| ||concern
basis ofaccounting
in preparing
the financial statements.|||||| |Funds||||||| ||The funds
held constitute: 1.General
Fund which is unrestricted
and is held for any||purpose|||of| ||the Circuit. 2.The Circuit Model Trust Fund has wide purposes
defined
in Standing||Orders||and|| ||is categorised
as unrestricted.
3.Restricted
funds which are held for a specified purposes.|||||4.| ||Endowment
funds which are also held for specified purposes.
Details of Restricted|and||||| ||Endowment
Funds are disclosed
in the final note to these accounts.
Any funds may be|||||| ||represented
by more than just cash.|||||| |Income||||||| ||Income is included
in the SOFA when the Circuit becomes entitled to it, the trustees||are|||| ||reasonably
certain they will receive
it; and the monetary
value can be measured
with sufficient|||||| ||reliability.|||||| |Expenditure||||||| ||Expenditure
is recognised
when a liability is incurred,
or a constructive
obligation
arises, which|||||| ||results
in the payment
ofthe expense being unavoidable.
Liabilities are recognised||as soon|||as| ||an outflow ofeconomic benefit is considered
more likely than not under the legal or|||||| ||constructive
obligation
committing
the Circuit to pay.|||||| |Grants||||||| ||Grants made by the Circuit from its own funds are recognised
in full at the time ofagreement|||||or| ||when the Circuit accepts that there is a legal or operational
obligation to make the payment.|||||| |VAT||||||| ||Since the Circuit is not VAT registered,
all input VAT is charged
with the expense to||which||it|| ||refers.|||||| |Tangible fixed assets for use by the Circuit||||||| ||Tangible fixed assets are capitalised
ifthey can be used for more than one year, and cost at
least f500.Tangible fixed assets other than buildings
are written
off over their useful economic|||||| ||lives.|||||| ||Freehold
Property,
being Ministers'
residenses
or Manses,
is shown
in the accounts||at 2015|||| ||deemed
values, ofwhich the land component
is deemed to be 2285,000. No depreciation||||is|| ||provided
on the buildings
on the freehold
properties
because the trustees consider the current|||||| ||residual
fair value ofthe buildings
to be not less than their deemed value. The properties|||have||| ||been reviewed
for impairment.
For details see note 6.|||||| |Investment|properties|||||| ||Other investment
properties
include
Blackwell Church
Hall
—which is shown at|||||| ||insured
value when
it was transferred
to the Circuit during the year to 31stAugust|||||| ||2020.|||||| ||The other investment
properties
are shown at fair value. No depreciation
is provided||on|||| ||investment
properties as the trustees
consider the current
residual
value to be not less than|||||| ||their insured
or fair value. For details see note 7.|||||| |Investments||||||| ||Investments
are valued
in the balance sheet at market value at the year end.
Investment|||||| ||income is included
in the accounts when receivable
and any gains or losses on revaluation||||at|| ||the year end are shown
in the SOFA.|||||| |Debtors|and Prepayments|and Prepayments||| |---|---|---|---|---| ||This is mainly
in respect of Ministers'
Stipends
and buildings
insurance
premiums,
both of|||| ||which are paid
in advance,
plus various other smaller prepayments.|||| |Creditors||||| ||Creditors
include sundry expenses accrued, and the 1st quarter ofnext year's assessment|||| ||received
in advance.|||| |Financial|instruments|||| ||The Circuit has elected to apply the provisions
ofSection 11'Basic Financial
Instruments'||and|| ||Section 12'Other Financial
Instruments
Issues' ofFRS102to all ofits financial
instruments.|||| ||Financial
instruments
are recognised
in the Circuit's balance sheet when the Circuit becomes|||| ||party to the contractual
provisions
ofthe instrument.|||| ||Financial assets and liabilities are offset, with the net amounts
presented
in the financial|||| ||statements,
when there is a legally enforceable
right to set offthe recognised
amounts
and|||| ||there is an intention
to settle on a net basis or to realise the asset and settle the liability|||| ||Basic financial assets|||| ||Basic financial assets, which include debtors
and cash and bank balances, are initially|||| ||measured
at transaction
price including
transaction
costs and are subsequently
carried at|||| ||amoitised cost using the effective interest method
unless the arrangement
constitutes
a|||| ||financing
transaction,
where the transaction
is measured
at the present value ofthe future|||| ||receipts discounted
at a market rate ofinterest. Financial assets classified as receivable|within||| ||one year are not amortised.|||| ||Impairment
offinancial assets|||| ||Financial assets, other than those held at fair value through
income and expenditure,
are|||| ||assessed for indicators
of impairment
at each reporting
date. Financial assets are impaired|||| ||where there is objective evidence that, as a resulf ofone or more events that occurred after the|||| ||initial recognition
ofthe financial asset, the estimated
future cash flows have been affected.|||| ||Ifan asset is impaired,
the impairment
loss is the difference
between
the carrying
amount||and|| ||the present value ofthe estimated
cash flows discounted
at the asset's original effective|||| ||interest rate. The impairment
loss is recognised
in net income/expenditure
for the year.|||| ||Ifthere is a decrease
in the impairment
loss arising
from an event occurring
affer the|||| ||impairment
was recognised,
the impairment
is reversed. The reversal
is such that the current|||| ||carrying
amount does not exceed what the carrying
amount
would have been, had the|||| ||impairment
not previously
been recognised. The impairment
reversal
is recognised
in net|||| ||income/expenditure
for the year.|||| ||Derecognition
offinancial assets|||| ||Financial assets are derecognised
only when the contractual
rights to the cash flows from|the||| ||asset expire or are settled, or when the Circuit transfers
the financial asset and substantially|||all| ||the risks and rewards ofownership
to another entity, or ifsome significant
risks and rewards|||of| ||ownership
are retained
but control ofthe asset has transferred
to another
party that is able||to|| ||sell the asset in its entirety
to an unrelated
third party.|||| ||Basic financial
liabilities|||| ||Basic financial
liabilities,
including
creditors and bank loans are initially recognised
at|||| ||transaction
price unless the arrangement
constitutes
a financing
transaction,
where the debt|||| ||instrument
is measured
at the present value ofthe future payments
discounted
at a market|||| ||rate ofinterest.
Financial
liabilities classified as payable
within one year are not amortised.|||| ||Debt instruments
are subsequently
carried at amoitised
cost, using the effective interest rate|||| ||method.|||| ||Trade creditors are obligations
to pay for goods orservices that have been acquired
in the|||| ||ordinary course ofoperations
from suppliers.
Amounts
payable are classified as current|||| ||liabilities
ifpayment
is due within one year or less. Ifnot, they are presented
as non-current|||| ||liabilities. Trade creditors are recognised
initially at transaction
price and subsequently|||| ||measured
at amortised
cost using the effective interest method.|||| ||Derecognition
offinancial
liabilities|||| ||Financial
liabilities are derecognised
when the Circuit's contractual
obligations
expire or are|||| ||discharged
or cancelled.|||| |Taxation||||| ||The Circuit is exempt from corporation
tax on its charitable
activities.|||| |Investments||||| ||Investments
are stated at deemed
market value.|||| ## |N|otes to the financial statements
-continued||||||||| |---|---|---|---|---|---|---|---|---|---| |2|Payment to Trustees||||||||| ||There were no payments
made to trustees
6 below. However there were expenses of
Number ofTrustees
paid expenses
Total amount
paid|for additional
trustees.||services provided
to the Circuit,
2022e
11
610,341|||excluding|stipends|which are included
in note
2021e
8
E6,649| ||Expense payments
primarily
relate to reimbursement||for|telephone,|travel|and computing|costs||| |3|Fees for examination
ofthe financial statements||||||||| |||||||2022|||2021| ||Independent
examiner's
fees for reporting
financial statements|on the||||F1,398|||E1,212| ||Other fees (eg: advice, accountancy
services) paid to the
independent
examiner.|||||NIL|||NIL| |4|Paid employees||||||||| ||Staff Costs paid during the year were:|||||2022|||2021| ||Gross wages, salaries and benefits
in kind||||6116,914||||E113,800| ||Employer's
National
Insurance costs|||||F9,815|||89,170| ||Pension costs||||221,433||||E21,103| ||Total staff costs||||6148,162||||F144,073| ||Average number offull-time equivalent||||||||| ||employees
in the year were:||||||||| ## |||||Fixtures,|| |---|---|---|---|---|---| |||||fittings and|| ||||Manses|equipment|Total| ||||6||| |Cost or valuation|||||| |Balance brought|forward||835,000|3,589|838,589| |Transfer from investment||assets|||0| |Revaluations|||||0| |Transfer to investment
assets|||||0| |Balance carried forward|||835,000|3,589|838,589| |Accumulated
depreciation|||||| |Balance brought|forward|||3,589|3,589| |Charge for year|||||0| |Revaluations|||||0| |Disposals|||||0| |Balance carried forward||||3,5&9|31589| |Net book value|||||| |Brought forward|||835,000|0|835,000| |Balance carried forward|||835,000|0|835,000| |7 investment
as|sets|||||| |---|---|---|---|---|---|---| |||Dwellings-|Former|fittings||| |||previously|Church|and||| |||Manses|Hall|equipment||Total| |Cost orvaluation||||||| |Balance brought|forward|510,000|424,558||0|934,558| |Transfer from Manses||||||0| |Revaluations||||||0| |Transfer to Manses||||||0| |Balance carried forward||510,000|424,558||0|934,558| |Net book value||||||| |Brought forward||510,000|424,558||0|934,558| |Balance carried forward||510,000|424,558||0|934,558| ## ## ## ## ## ## ## ## ## ## ##