TRUSTEES ANNUAL REPORT Reg. No: 1147112 STOKESLEY CIRCUIT RESERVES POLICY & FINANCIAL REVIEW STOKESLEY METHODIST CIRCUIT Circuit ReseNes Policy This document inGludes 811 funds held by the Circuit Meeting as charity trustees. Our Reserves Policy relates to our general (unrestncted) funds which a￿ frp8ly available to be used for any or all of the pury)ose8 of the C1￿Urt. Other funds are also included for the sake of clarty and openness 8nd to show that the Circuit has policy for the Managen￿nt of all of ils money not simply thos8 whiGh are defined as reseNe& Aims Our aim is ￿0fOld.. (11 To secure and sustain the Circurfs viabilty and future. (21 To gNe reassurance to the general public that the CircuiL which is a charity. intends to use all of the money coming into rts care for the wrposes of the charity. Three Step Prnce•s {11 Clrcult Flnan¢lal Pollcy Essentsally, ft provides for- {a} The ministerial oversight and pastoral care of the six Focal churches in the Circurf(. Ibl The support of a ministry team of presbyter ministers. Youth Work empbyees and Admin stsff. Ic) The maintenance of the three Circuit manses and Chapel House. (The third manse is currently being rented OUL) 121 Flnancl•l Management The Circuit Assessment is reviewed annualty and cthers the cfjsts of 1 la) arKI Ibl above and Is based on offers f￿M each church toNYards a share in the total cost. We make provision for our propety malntenance programrne by designating a totsl of £10000 per annum to maintain each property. Due to the foreswJht of those k#)king after th8 manses this has proved sufficbnl In most years with occasional large projects requiring extra funding. The Clrcult Fund {Unrestncted general fund) Under Standing Orders the Circurt must meet rts ffinanC￿l obl￿at￿n5 in relation to the SUPFQrt of its ministers, the maintenance of the manses and the supwrt of the District The total cost for the18St financi81 year was £126164. Our Reserves Polw is lo aim to hold around One yearfs expenditure in hand. as recommended by the Charity Commission (most of this has been k#Jged with CF8 for this purpose where it will attract interest) Circuit Advance Fund IReslrKted Fund) (Balartce at year end £137*1. This fund derives from sales of chapels and manses and is restricted by the Conference. This restriclion is an internal regU￿tKIn though the fvnd can be used for a vanety of purposes. (31 Deslgnatod Funds The Charity CommissNJn has agreed that it is appropriate for the trustees to set a Folicy for the management of Ihe Circuit fvnds Malcolm Wilson March 2023 ## **Stokesley Methodist Circuit** Receipts & Payments Account for the Year Ended 31 August 2022 **FOR CHURCH COUNCIL USE ONLY** **Stokesley Methodist Circuit** ## **General Fund** ## **Receipts & Payments Account for the Year Ended 31 August 2022** |**Receipts**
Assessments
Bank interest
Circuit service
Rent of Manses & Chapel House
Sundry income
Income from endowments
Radio Leven – reimbursed expenses
General Purposes Grant
Bequest
**Payments**
Stipends
Ministers expenses
Moving costs
Local Preachers expenses
Manse repairs
Council tax
Water
Insurance
Telephone
Books etc
Secretarial expenses
Quinquennial
Sundries
Website costs
Legal re Title Deeds
District Assessment
Youth Worker
Circuit Administrator
**Grants to Churches**
Hutton Rudby
**Radio Leven costs**
**Net Receipts (Payments) for the Year**
Cash at Bank at 31 August 2021
**Cash at Bank at 31 August 2022**|**£**
**-**
**15,288**
**-**
**73,986**
**984**
**-**
**436**
**11,076**
**5,637**
**1,278**
**1,999**
**2,066**
**202**
**39**
**293**
**920**
**412**
**-**|**2022**

**£**
**111,467**
**338**
**15,288**
**22**
**10,545**
**2,000**
**-**
**139,660**
**(75,406)**
**(19,990)**
**(3,932)**
**(28,500)**
**-**
**(5,269)**
**-**
**(10,545)**
**(3,982)**
**204,510**
**200,528**|2021
£
£
133,500
129
-
20,520
46
20,566
15
1,014
2,000
13,336
170,560
37,832
1,023
3,691
719
(43,265)
30,396
2,668
478
1,857
(35,399)
2,304
183
948
440
881
412
5,887
(11,055)
(31,932)
-
(8,487)
(750)
(17,014)
22,658
181,852
204,510| |---|---|---|---| ||||| ## **Stokesley Methodist Circuit** ## **Circuit Model Trust Fund for the Year Ended 31 August 2022** |**Receipts**
Dividends and interest
**Payments**
Administration
District Levy
**Net Receipts/(Payments) for the Year**
Bank Balance at 31 August 2021
**Bank Balance at 31 August 2022**
**Investments**
At 31 August 2021
Increase/(Decrease) in Market Value during
the year
**Market Value at 31 August 2022**
**Value of Circuit Model Trust**
At 31 August 2021
Net Receipts (payments)
Increase/(Decrease) in Market Value
**At 31 August 2022**|**£**
**48**
**424**|**2022**
**£**
**341**
**(472)**
**(131)**
**3,331**
**3,200**
**14,657**
**(921)**
**13,736**
**17,988**
**(131)**
**(921)**
**16,936**|2021
£
£
239
31
398
(429)
(190)
3,521
3,331
12,384
2,273
14,657
15,905
(190)
2,273
17,988| |---|---|---|---| ||||| ## **Stokesley Methodist Circuit** ## **Endowment Funds for the Year Ended 31 August 2022** |**Receipts**
Dividends and interest
**Payments**
Administration
**Net Receipt for the Year**
Income to General Fund
Fund Balance at 31 August 2021
**Fund Balance at 31 August 2022**
**Investments**
At 31 August 2021
Increase/(Decrease) in Market Value
during the year
**Market Value at 31 August 2022**
**Value of Endowments**
At 31 August 2021
Net Receipts
Increase/(Decrease) in Market Value
**At 31 August 2022**||**2022**
**£**
**26**
**3**
**23**
**22**
**1**
**613**
**614**
**1,097**
**(66)**
**1,031**
**1,710**
**1**
**(66)**
**1,645**|2021
£
18
3| |---|---|---|---| ||||15
15| ||||-
613| ||||613| ||||934
163| ||||1,097| ||||1,547
-
163| ||||1,710| ## **Stokesley Methodist Circuit** ## **Total Funds at 31 August 2022** |**Bank Balances**
General Fund
Circuit Model Trust Fund
Endowments
**Investments**
Circuit Model Trust Fund
Endowments
Manses & Chapel House at Insurance
Valuation (see note 2)
Funds held for - Feed the Hungry|**2022**
**£**
**201,659**
**3,200**
**614**
**205,473**
**13,736**
**1,031**
**14,767**
**1,110,000**
**1,131**|2021
£
205,641
3,331
613
209,585
14,657
1,097
15,754
1,110,000
1,131| |---|---|---| **NOTE:** Two of the Manses were occupied by a Minister. Chapel House and one Manse were let for the year or part of the year. ## **Stokesley Methodist Circuit** |**Liabilities at 31 August 2022**
Church assessments in advance
**Prepaid Expenses**
Stipends
Insurance to 25 December 2022|**2022**
**£**
**8,358**
**6,400**
**660**
**7,060**|2021
£
21,152| |---|---|---| |||3,171
618| |||3,789| CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS 8tokesle CiTCUIt FOR THE YEAR ENDED 31 AUGUST 2022 Darlin on Dlstrl¢t Clrcutt no 1315 Roglstered Charlty - Charlty Reglstratlon nUM￿r 1147112 If not a registered charity Her Majesty's Revonue and Customs Glft Ald number (The HMRC number is equivalent to a regist8red chartfy number in temB of evidence of charitable status and may be used to give lo donors or grant fundèrs wishing to see evidence of the organisation's charitable status. Methodist chanties in England and Wales that are not registered charities are excepted from registration under Stslutory Instrument 2014 No.242) Ministers.. Rev. Andrew Robinson Rev. Robert Weir Circurt Stewards.. Dororth Blake Katherine Atha Treasurer. Malcolm v￿lSon 2015 arlxil R and P 1d5 20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 Stokesle Clrcult UD- Clr¢uit rnstrKt8d IAo(knl Tnmt Restri¢tod Furvjs Furrfls Totals th16 y8aT SECTION A Totsls last ye8r a1 RECEIPTS Not• a2 Assessmenvshare 111,467 111A67 133,500 a3 a4 Ca ital Tecei Bank and CFB intwest and Investment income 341 26 705 366 a5 Grants 2.000 25.833 140,005 2,000 34,916 170,802 a6 Olher receipts TOTAL RECEIPTS 25.833 139,$38 07 341 26 SECTION B b1 t)2 PAYMENTS Stipends, salarles, NIC. PenS￿n and travel costs 80.591 20.074 80.591 51,752 35,399 11.487 b3 Man$& Cosls Admlnistratk)n elc 472 4,407 28,SOO b5 District Assessménl 28.SLK) 31,932 750 Granlg & ¢Jon8lion8 b7 b8 Other payrnenls TOTAL PAYMENTS 10.$45 143.642 10,545 144,117 17,014 b9 472 b9 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 a749 4004 131 23 Total lunds bro ht lorward from last ear 204.510 3,331 613 208.454 185,986 Sub total ¢1+¢2 200.506 3.200 636 Transfers and ad'uslrnents 22 e7 TOTAL FUNDS AT END OF YEAR 1¢3+c41 200.S28 3200 614 204.342 Ic8 208,454 c6 SECTION D FOR INFORMATION ONLY.. MONEY RECEP4ED AND PASSED ON TO EXTERNAL ORGANISATIONS thase amounts shO￿ld not be Includ￿ in totsl r•coi paymènts obov? Balano brou ht fO￿ard Irom last d1 ear 1,131 1,131 d2 Offerin sIGffts - received for ertemal o ni901￿3 OfferingslGffts- passed lo extem81 lxganisations BALANCE STILL TO BE PAID dl+d2-d3 d3 d4 1.131 1,131 2015QrDil R ￿ P 2d5 SECTht+E 1*121 OPENII BALAfKE8 101817 88 911 3,814 8UB TOT Iln¢•totskn4bJ¥•l1•12) SECT￿￿0 SIA 1 110 000 Name of Circuit Stokesley No 1315 Declarations and Scrutiny I confirm that these Re￿ipt and Payment based accounts for the y8ar to 31 August 2022 have been prepared from the records of the Circurt and that they include all funds under the control of the Circuit meelino. Signature of treasurer . Name and address of treasurer &q 7S-, Postcode.................. Presentatlon to the Circult meetlng I confimi that the annual report and accounts for the year ended 31 August 2022 werelwill be, presented to the Circuit meeting held on Signature of the Chair of the meeting Name of the Chair of the meeting Independent Examlner's Report to the Trustees of the Stokesley Circuit Charity Number 1147112 Responslblltties and basis of report I report to the trustees on my examination of the accounts of the Stokesley Circuit for the year ended 31 August 2022 set out on pages 1 to 3. As the Circuit's trustees, you are responsible for the Preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Act'}. I report in respect of my examination of the Circu5t's accounts carried out under section 145 of the Acl and, in carrying out my examinab'on, I have followed all the applicable Directions given by the Charty Commission under section 145{5}{b) of the Act. delete or circle as appropriate 2015 C¥wrt R arxl P.th Name of Circuit.. Stokesley No 1315 Independant Examlnerfs Statement I have completed my examination. I confirm that no material matters havè come to rny attention in connection with the examinatlon { that in, any material respect.. ) which gNe me cause to believe the accounting records were not kept in accordance with section 130 of the Act,. or the accounts do not accord wilh the accounting records. I have no concems and have come across no other matters in connection with the examinalion to which attention shoutd be drawn in this report in order to enable a proper understanding of Ihe accounts to be reach8d. l-h8¥8lhave not" obtained independent veriftcation of all investments with the Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds at the Central Finan￿ Board of the Methodist Church which are individually in excess of £10.000 (ten thousand pounds) al the balance sheet date. Signature of independent examiner Name of independent examiner Relevant professlonal qualification ol independent examiner Name of firm (where appropriate> Address Post Code/.f./.{..I4. Date delete or circle as appropriate Sep-22 2015 CwDJit R aFpJ P￿$ 5dS STIPENDS and assoclated costs 2021 Stipends National Insurance Pension Contributions Travel Telephone etc Circuit administrator Relocation costs Online worship 54.702 S.341 13.943 1217 28.274 2.686 6.872 973 120 8.487 3.691 709 5,269 80.591 51,752 MANSE COSTS 2022 2021 Repairs Council Tax Water Insurance 11,076 5.637 1.362 30.396 2.668 478 1,857 20.074 35,399 ADIAINISTRATION 2022 2021 Telephones Secretarial expenses Quinquennial Inspections Books etc Oihers Website costs Title Deed registration 39 293 202 920 412 948 183 881 412 5,887 3.932 11,OSS OTHER PAYMENTS 2022 2021 Radio Leven- expendlture 10,545 17,014 OTHER RECEIPTS 2022 2021 Rents received Sundry income Bequest Radio Leven- cost reimbursed 15288 20.520 13336 1.014 10.545 25.833 34,916 GPANTS TO CHURCHES 2022 2021 Hutton Rudby Church 750 A £2,[￿ General Purposes Grant was received during theyear and has not yet been utilised. SEclloN G. LANDAND BUILDINGS This includes 3 Manses and Chapel House. During the year of these were occupled by mlnlster5. Chapel Hwse and one Manse were let for the year or for part of the year.