## **North Lancashire Methodist Circuit: 2022-23 Annual Report for the Charity Commission** The North Lancashire Methodist Circuit is made up of 16 Methodist Churches. The area we cover spans from the south of Garstang all the way up to the north of Silverdale near Carnforth. We have churches in Lancaster, Morecambe and the surrounding villages. This year we saw the opening of the refurbished Garstang Methodist Church, now known as the Garstang Methodist Hub. We drew up a lease with a preschool Nursery which has now opened, this is based in the former café area. The church area was prepared ready for the mission and ministry work of the Circuit. A new Deacon will arrive in September 2023 to help carry this work forward. We have seen the sadness of some churches closing across the Circuit therefore we have sold Wray and Tewitfield Methodist Chapels and Quernmore is nearly complete. We are now preparing to sell Emmetts Methodist Church after its closure last year. It has been agreed by the Circuit Meeting that the monies from the sale of these chapels will be used for mission purposes and some for our Reserves. The Lune Valley Methodist Hub team continue to explore how the building can be a resource for the community and minister to their needs. Three of our village churches meet there once a month for worship and Caton Methodist use the rooms for various gatherings, ie bible study; a monthly soup lunch open to the community. The community set up a support group and coffee morning, at the Lune Valley Methodist Hub, specifically for the Ukrainian families in the area. This has been a warm and welcoming space where they find companionship and help. The Circuit Meeting is the Trustee body and we meet four times a year, in a Hybrid form - in-person and via Zoom - as it is in the best interests of the charity to do so, in order to include as many Trustees as possible. We value being an inclusive Methodist Circuit and have appointed an EDI (Equality, Diversity and Inclusion) Officer to oversee this work across our Circuit. Our Staff team are working hard across the Circuit, alongside the Circuit Leadership Team. At present, we have four full-time Methodist Presbyter Ministers. They are all part of the Circuit Leadership Team (CLT) which is made up of Circuit Stewards, the Treasurer and Staff. The Staff team will be changing from September 2023 when two are retiring (‘sitting down’) and one is moving to another Circuit. We hoped to receive in stationing three full time staff but have only been able to secure two, a Deacon and Superintendent Presbyter. From September 2023 we will therefore have three full time staff and have asked some of our retired Ministers to assist across the Circuit. We had a part time Circuit Administrator to help with the daily admin tasks of running the circuit but we chose to have a restructure and instead opted to explore employing a full time Operations Manager. This will release the Ministers to carry out mission and ministry. The Operations Manager will organize the administration of the Circuit, have responsibility for running the Circuit Hubs and assist in the sale of properties. The Superintendent will be their line manager and they will be part of the CLT and work alongside them. We recognise the challenges ahead with fewer staff and volunteers but we continue as a people of faith, knowing that God is with us and we are part of something much bigger. We will keep on worshipping, praying and carrying out God’s mission across the North Lancashire Methodist Circuit. North Lancashire Methodist Circuit Circuit No 21/16 ## **Statement of Financial Activities (SOFA) for the year ended 31 August 2023** |**Notes to**||**Circuit Model**|**Circuit Model**|**Designated**|||| |---|---|---|---|---|---|---|---| |**the**|**General Fund**||**Trust**|**Funds**|**Restricted**|**Endowment**|**Total**| |**accounts**|
**(Unrestricted)**|**(Unrestricted)**||**(unrestricted)**|**Funds**|**Funds**|**2022-23**| ||£||£|£|£|£|£| |**Income**|||||||| |1 Donations and legacies|5,733||3,329|||4,886|**13,948**| |2 Income from monetary investments|1,686||2,868||260|155|**4,968**| |3 Income from investment properties|46,259||||||**46,259**| |4 Assessments on Churches|231,790||||||**231,790**| |5 Capital Receipts|||268,354||||**268,354**| |6 Grants received|240||||||**240**| |7 Other charitable income|5,406||||||| |8**Total income**|**291,114**||**274,551**|**-**|**260**|**5,040**|**570,965**| |**Expenditure**|||||||| |9 Grants and donations|12,000||||||**12,000**| |10 Salaries and associated costs|197,263||||||**197,263**| |11 Property maintenance|241,463||||||**241,463**| |12 Connexional assessment & model trust levy|||35,848||23|14|**35,885**| |13 District Assessment & Levy|57,220||||||**57,220**| |14 Depreciation|||||||**0**| |15 Office expenses|2,038||||||**2,038**| |16 Other outgoings|16,380||||||**16,380**| |17**Total charitable expenditure**|**526,363**||**35,848**|**0**|**23**|**14**|**562,248**| |18 Gains/(losses) on monetary investments|||||||0| |19 Gains/(losses) on investment properties|||||||| |20**Net income/(expenditure)**|**-235,249**||**238,703**|**0**|**237**|**5,026**|**8,717**| |21 Transfers between funds|207,500|-|207,500
||||0| |22 Other gains/(losses)|||||||| |23**Net movement in funds**|**-27,749**||**31,203**|**0**|**237**|**5,026**|**8,717**| |24 Total funds brought forward|2,018,129||129,427|-|8,088|-|2,155,644| |**25 Total funds carried forward**|**1,990,380**||**160,630**|**-**|**8,325**|**5,026**|**2,164,361**| North Lancashire Methodist Circuit Circuit No 21/16 ## **Statement of Financial Activities (SOFA) for the year ended 31 August 2022** |**Notes to**||**Circuit Model**|**Circuit Model**|**Designated**|||| |---|---|---|---|---|---|---|---| |**the**|**General Fund**||**Trust**|**Funds**|**Restricted**|**Endowment**|**Total**| |**accounts**|
**(Unrestricted)**|**(Unrestricted)**||**(unrestricted)**|**Funds**|**Funds**|**2021-22**| ||£||£|£|£|£|£| |**Income**|||||||| |1 Donations and legacies|||1,107||8,247||**9,354**| |2 Income from monetary investments|171||565||38||**774**| |3 Income from investment properties|47,813||||||**47,813**| |4 Assessments on Churches|237,366||||||**237,366**| |5 Capital Receipts|||||||**0**| |6 Grants received|||||||**0**| |7 Other charitable income|15,812||||||**15,812**| |8**Total income**|**301,161**||**1,672**|**-**|**8,285**|**-**|**311,118**| |**Expenditure**|||||||| |9 Grants and donations|12,200||||173||**12,373**| |10 Salaries and associated costs|188,242||||||**188,242**| |11 Property maintenance|65,723||||||**65,723**| |12 Connexional assessment & model trust levy|||2,534||23||**2,557**| |13 District Assessment & Levy|52,272||||||**52,272**| |14 Depreciation|||||||**0**| |15 Office expenses|1,972||||||**1,972**| |16 Other outgoings|8,907||||||**8,907**| |17**Total charitable expenditure**|**329,315**||**2,534**|**0**|**197**|**0**|**332,045**| |18 Gains/(losses) on monetary investments|||||||0| |19 Gains/(losses) on investment properties|||||||| |20**Net income/(expenditure)**|**-28,154**||**-861**|**0**|**8,088**|**0**|**-20,927**| |21 Transfers between funds|21,500|-|21,500
||||0| |22 Other gains/(losses)|||||||| |23**Net movement in funds**|**-6,654**||**-22,361**|**0**|**8,088**|**0**|**-20,927**| |24 Total funds brought forward|2,024,783||151,788|-|-|-|2,176,571| |**25 Total funds carried forward**|**2,018,129**||**129,427**|**-**|**8,088**|**-**|**2,155,644**| North Lancashire Methodist Circuit Circuit No 21/16 ## **Balance Sheet as at 31 August 2023** |**Fixed Assets**|**Notes to the**
**Accounts**||||**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
1,907,216
0
0
**0**
**0**
**1,907,216**
9,127
25,375
8,325
5,026
166,606
56,060
53,552
**8,325**
**5,026**
**310,721**|**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
1,907,216
0
0
**0**
**0**
**1,907,216**
9,127
25,375
8,325
5,026
166,606
56,060
53,552
**8,325**
**5,026**
**310,721**|**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
1,907,216
0
0
**0**
**0**
**1,907,216**
9,127
25,375
8,325
5,026
166,606
56,060
53,552
**8,325**
**5,026**
**310,721**|**Restricted**
**Funds**
**Endowment**
**Funds**
**Totals**
**2022/23**
£
£
£
1,907,216
0
0
**0**
**0**
**1,907,216**
9,127
25,375
8,325
5,026
166,606
56,060
53,552
**8,325**
**5,026**
**310,721**|GN
**Totals**
**2021/22**
£
1,907,216
R
R
**1,907,216**
13,732
S
20,875
128,640
35,630
T
101,716
**300,594**
52,166
U
V
**52,166**
**248,428**
**2,155,644**
V
**2,155,644**
W
2,018,129
129,427
W
0
**2,147,556**
**8,088**
**2,155,644**| |---|---|---|---|---|---|---|---|---|---| |||**General Fund**
**(Unrestricted)**
£|**Circuit Model**
**Trusts**
**(Unrestricted)**
£|**Designated**
**Funds**
**(Unrestricted)**
£|**Restricted**
**Funds**
£|**Endowment**
**Funds**
£|**Totals**
**2022/23**
£||| ||||||||||| |Circuit Manses & Equipment||1,907,216|||||1,907,216||| |Investmentproperties||||||0|||| |Investments|||||||0||| |**_Total fixed assets_**||**1,907,216**|**0**|**0**|**0**|**0**|**1,907,216**||| |**Current Assets**|||||||||| |Debtors||9,127|||||9,127||| |Loans bythe Circuit||18,000|7,375||||25,375||| |Investments with TMCP|||153,255||8,325|5,026|166,606||| |Central Finance Board Deposits||56,060|||||56,060||| |Cash at Bank and in hand||53,552|||||53,552||| |**_Total current assets_**||**136,740**|**160,630**|**0**|**8,325**|**5,026**|**310,721**||| |**Current liabilities**|||||||||| |Creditors (due in under 1 year)||53,576|||||53,576||52,166| |Grantspayable within 2022-23|||||||0||| |**_Total current liabilities_**||**53,576**|**0**|**0**|**0**|**0**|**53,576**||**52,166**| |**_Net current assets/liabilities_**||**83,164**|**160,630**|**0**|**8,325**|**5,026**|**257,145**||**248,428**| ||||||**8,325**
**5,026**
**2,164,361**
**0**
**0**
**0**
**8,325**
**5,026**
**2,164,361**
1,990,380
160,630
0
**2,151,010**
**8,325**
8,325
**5,026**
5,026
**8,325**
**5,026**
**2,164,361**||||| |**_Total assets less current liabilities_**||**1,990,380**|**160,630**|**0**|**8,325**|**5,026**|**2,164,361**||| ||||||||||| |**Long term liabilities**
**(due after more than oneyear)**|||||||||| |Grantspayable after 2022-23|||||||**0**||| |Loans to the Circuit|||||||**0**||| ||||||||**0**||| |**_Net assets_**||**1,990,380**|**160,630**|**0**|**8,325**|**5,026**|**2,164,361**||| |**Funds of the Circuit**|||||||||| |General Fund(Unrestricted)||1,990,380|160,630||**8,325**||1,990,380||2,018,129| |Circuit Model Trust Fund (Unrestricted)|||160,630||||160,630||129,427| |Designated Funds (Unrestricted)||||0|||0||0| |**_Total Unrestricted Funds_**|||||||**2,151,010**||**2,147,556**| |Restricted Funds|||||**8,325**||8,325||**8,088**| |Endowment Funds||||||**5,026**|5,026||| |**_Total Funds_**||**1,990,380**|**160,630**|**0**|**8,325**|**5,026**|**2,164,361**||**2,155,644**| 0 North Lancashire Methodist Circuit Circuit No 21/16 ## **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) and taking note of the Update Bulletin 1 issued in 2016. ## **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 which are held for a narrower purpose . There are no Endowment funds. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash. ## **3 Accounting policies** ## **Basis** These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities. ## **Incoming Resources** Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability. ## **Resources Expended** 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. ## **Grants** Grants made by the Circuit from its own funds are recognised in full at the time of agreement 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 expenses to which it refers. ## **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 £500. The freehold property is shown in the accounts at 2015 deemed values. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment.. ## **Investment Properties** Investment properties - no property is currently deemed to not be held for the long term purposes of the charity. ## **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** Debtors include rental income and prepayments are September stipends paid in August. ## **Creditors** Creditors include both sundry expenses and specifically the 1st quarter assessment received in August. North Lancashire Methodist Circuit Circuit No 21/16 ## **4 Payment to Trustees** There were no payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting, this excludes stipends. |Trustee expenses
Number of Trustees
Total amount|**2022/23**
0
£0|**2021/22**| |---|---|---| ||0|0| ||£0|£0| Expense payments primarily relate to reimbursement for travel and computing costs ## **5 Fees for examination or audit of the accounts** |Independent examiner’s or auditors' fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent
examiner or auditor
**d employees**
**Staff Costs paid during the year were:**
Gross wages, salaries and benefits in kind
£
Employer’s National Insurance costs
£
Pension costs
£
Total staff costs
£
**Average number of full-time equivalent employees in the year**
**were:**|2022/23
£
1,170
NIL
2022/23
121,716
10,956
29,541
162,213
5|2021/22
£| |---|---|---| |||1,142| |||NIL| |||2021/22| |||119,253| |||10,604| |||28,302| |||158,164| |||| ||5|6| ## **6 Paid employees** ## **7 Capital Commitments and Contingent Liabilities** At the 31st August 2023 there are no capital commitments. No Contingent liabilities were identified at 31st August 2023. ## **8 For information only Money received and passed on to External Organisations** |**Balance brought forward from last year**
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
**Balance carried forward**|2022/23||2021/22| |---|---|---|---| ||£||£| ||30||30| ||3,228||1,414| ||3,228||1,414| ||30||30| North Lancashire Methodist Circuit Circuit No 21/16 ## **9 Tangible Fixed Assets** ## **Cost or valuation** ||**Land**
**£**|**Manses**
**£**|**Other**
**buildings**
**£**|**Fixtures,**
**fittings**
**and**
**equipment**
**£**|**Payments**
**on account**
**and assets**
**under**
**construction**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| |Balance brought forward|0|1,512,216|395,000|0|0|1,907,216| |Additions||||||| |Revaluations (+/-)||||||| |Disposals (-)||||||| |Transfers*(+/-)||||||| |Balance carried forward|0|1,512,216|395,000|0|0|1,907,216| |**Accumulated depreciation**||||||| |Balance brought forward|0|0|0|0|0|0| |Depreciation charge for
year (-)||||||| |Revaluations (+/-)||||||| |Disposals (-)||||||| |Transfers*(+/-)||||||| |Balance carried forward|0|0|0|0|0|0| |**Net book value**||||||| |Brought forward|0|
1,512,216|395,000|0|
0|1,907,216| |Carriedforward|0|1,512,216|395,000|0|0|1,907,216| ## **10 Investment assets** The circuit has no Investment properties The circuit has no common investment fund holdings ## **11 Loans** The Circuit currently has no loans North Lancashire Methodist Circuit Circuit No 21/16 ## **12 Analysis of restricted and designated funds 2022/23** |**Restricted Fund**
**Name**|**Opening**
**Balance**|**Incoming**
**Resources**|**Resources**
**Expended**|**Transfers**|**Closing**
**Balance**|**Purpose of the**
**fund**| |---|---|---|---|---|---|---| |Rev T C Brown
Bequest|8,088|260|23||8,325|Local mission work
in Morecambe &
Heysham Circuit| |Restricted Giving|0|0|0||0|Donations for
external
organisations| |Totals||8,285|197||8,088|| North Lancashire Methodist Circuit Circuit No 21/16 ## **Declarations and Scrutiny** I confirm that these accruals-based accounts for the year to 31 August 2023 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting. Signature of treasurer ……………………………………………………… Date…………………….. Name and address of treasurer …………………………………………………………………………. …………………………………………………………………………………. Post Code……………… ## **Presentation to the Circuit Meeting** I confirm that the annual report and accounts for the year ended 31 August 2023 were, or will be,* presented to the Circuit Meeting at its meeting on ………………………………………….………… Signature of the Chair of the meeting …………………………………………………………………… Name of the Chair of the meeting …………………………………………… Date …………………… ## **Independent Examiner’s Report to the Trustees of the Circuit, named above** The Circuit’s trustees are responsible for ensuring that the annual report and accounts for the year to 31 August 2023 present a true and fair view of the Circuit’s income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act 2011 - follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 - state whether particular matters have come to my attention. * delete or circle as appropriate North Lancashire Methodist Circuit Circuit No 21/16 ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items, in nature or scale, or disclosures in the accounts, seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a true and fair view. My report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention (other than as disclosed below*) - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the Charities Act 2011 - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011 have not been met, or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. - (3) I have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner…………………………………………………………………….. Name of independent examiner ………………………………………………………………………… Relevant professional qualification of independent examiner ………………………………………. Name of firm (where appropriate) ………………………………………………………………………. Address ……………………………………………………………………………………………………. ……………………………………………………………………………….. Post Code ……………….. Date ………………………………………… - delete or circle as appropriate North Lancashire Methodist Circuit Circuit No 21116 Statement of Financial Activities {SOFA) for the year ended 31 August 2023 Nots8 to Clrcull DeBlgnat8d General Fund Trust Funds R88trOct8d Endowment accounts Iunrgstslctedl IUnr88tr1d•Jl lunrnstrldodl Funds Funds Totsl 2022-23 Income l Donations and legaci88 2 Inwme from monetary inYÈstments 3 Income from investment propertses 4 Assesgrnents on ChurGhes 5 Capilal Receipts 6 Grants rec*ived 7 Oth•r Charitab￿ incom2 8 Total Income 5.733 3.329 2,868 4,886 155 13.948 4,968 46,259 231,790 268,354 240 260 48,259 231.79) 268,364 291,114 274.661 260 6.IMO 570.96$ Expenditure 9 Grants and ¢Jonalions 10 Salaries and as8W8t8d costs 11 Propèrty mainten8nce 12 ConnÈxional assessment & modd trust18vy 13 LlslridAss¢ssfflenl & Levy 14 tkprecialion 15 Office expen5e5 16 Other outgoiws 17 Totsl ¢h*rltablo èxp•ndhurn 18 Gain5111055e51 on monetary inve$im8nis 19 G¥in5111055esl on investsnenl prppErtie¥ 12.000 197,2VJ 241.463 12,000 197.263 241,463 35,68S 57,220 35.B48 23 14 57,220 2,038 16,380 526,363 I038 18.380 862.248 36,B48 23 14 .235,249 207,W) . 238.703 207,500 237 6,026 8,717 21 Tfansfers belween fund$ 22 Other gains1lloss￿I 23 Net movement in funds 24Total funds brots8ht fonNard 25Total funds carried fonvard -27,749 2.018.129 1,990.380 31,203 129,427 160,630 237 8.088 8.328 5,026 8.717 2.155.844 6.026 2,164,361 North Lancashire Methodist Circuit Circuit No 21116 Statement of Financial Activities ISOFA) for the year ended 31 August 2022 Not•• lo Clrcult Modol D8sl9nated the Ggnoral Fund Tru¥t Fund$ accourts IUnrn¥tflctodl IUnrn8tr1c¢￿tj lunr•strl¢t•dl R88tri¢tsd Endowmont Totsl Fund& Fund& 2021-22 In¢om8 1 Oon3tion$ *gacies 2 IntA)me Irom monetary Inve&tmenls 3 Income from in¥esknenl properties 4 Asses$ments on Churches 5 CJptal RvAipts 6 Gran15 re￿Ne￿ 7 OIIErtharilable ncome 8 Tolal Incomo 1,107 8247 9,354 T14 47.813 237,366 171 47,813 1S,812 301,161 15,812 1.672 8.285 Expendithre 9 Grants and donattons 10 Sabr￿$ and associated costs 11 Propety mantenallce 12 con￿xiOnal asses6ment & modd truer 13 Di$trict Assessment & Levy 14 Depreriats" 15 offi￿ expenses 16 Olhèroutgoirys 17 Totsl chafftablo exporMltur• 18 Gainslllossesl on mon81ary investments 19 Gait￿1(10S5esI on investment 20 Not IncomthlléxpondfjbJr81 21 Transfers betsyeen knds 22 Other 9Hinslllos8esl 23 Net rnovev￿nt in lund8 24Total funds broughtforward 25Total funds carrSed foTh¥ard 12,2 188,242 65,7YJ 173 12,373 188.242 65,723 2.557 52.272 23 1.9n 8.W7 329.315 1.972 8,907 332,04 197 -2&154 21,500 461 21,5ty) &088 -20,927 4.654 1024.783 2.018,129 -22,381 151,788 1￿,427 8.088 -20,927 2,17e.571 2.15&644 North L•neashire Methtsjist thrcJJit CirA*l+J 2Jn6 Balance Sheet as at 31 August 2023 GN Fund ClrcultMcd•l TDW F￿￿ IUnr•atrKtydi urtd FL*d& 2ts2>123 AwoJunts Flx•d A••• Circu*14ThJ 8 Equ4Tn WJBtrn4Npriwrtio5 t,￿7,216 1.￿7.216 1.907.216 1,9)7.218 1.907&18 9.127 IIDUD 13.732 20.675 128.f49 35.630 L￿￿¥by￿eCmjil &Iv0￿M¥￿wthTMCp Ceiuial FI￿r￿eBOaT￿O￿p￿ts 7.375 153.235 25.375 1fjS,6U& .C60 53.S52 4Q25 53.552 1¥Y4D 160,6JO 0.325 .026 310.n1 3ty1. cul￿ni n•blllU crèdito￿ (due In urthr l yewl 53.576 53.576 52.166 04 U11•4 53,$76 257.145 168 320 1.8*J,S80 1eO,630 Q315 $.gz¢ 11SS,6 konst4millBblllths 1dueafterrnoret￿￿*ts￿1¥1 Gt*h1$payabknth2￿￿3 L4a75toir* Ciru 1.990,3BO 160,f3U s￿26 2,164361 Il56.W F￿ndsO1 th•C*ru Funa (unrè•￿1 I,5￿.? 2.018.119 129.427 10J,6X ISO.620 Funth IUnr•slTrd•dl 1147,$ Rostr￿ J25 8.325 5.026 2,164JSI 1.990,380 160.6 8.326 5.1126 2,156,614 North Lancashire Methcdist Circuit Circuit No 21116 Notss to thè A¢¢ounts 1 Basis of accounting The fin8nThal statements have beon prepared under the Charities Act 2011 in accord8n¢e wlh Ihe 2014 version of Accounting and Reporting by Charities.. Slalernent of Recommended Pract￿8 ISORPI applicable to charib'es prepaTin9 their acLThJnts in aco)rdarrE wlh FRS102-the Charities SORP IFRS10218nd tsking note of the Updalo Bulleb'n 1 issued in 2016. 2 Funds M¢xlel Trust Fund has wide purposes defined in Standing Orders and is calegorised as unrestricted. Restricted fvnds whS¢h a￿ held for a narrower purpose . There are no Endowment funds. Details of each material lund are disclosed in Ihe final note lo these ￿￿oUnts. Any funds may be represented by mre than just cash. 3 Accountlng pollclas Basis These 8(xounts have teen prep8rgd on the b8sis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basi5 to show a true and fair vipw of Ihg Cir¢urt's financial wsibon and activities. Incomlng Resour¢eg Inc￿le is indude(l in the Statement of Financial Activitses {SOFAI when the cir￿11 beco￿￿8 entitled to tho fes¢ui¢e$. and the trustee$ are reasonably ￿rtain they will receive the resources: and Ihe monetsry valug Gan be measured with sultitiènt réliability. ReSoU￿e9 Expended This is recognised when a liability is ineAJrrèd. or 8 eonstructive obligatson arises. that results in payment being Unavolda￿e. Lyd￿'1•t1eS are recognised as soon as an oufflow of econonyc benefit is considered more likely than not undei th&189al or construciive ob1igath)n comrnith'ng the Circuii to pay Qui rtrsources. Grants Grants made by the Circuit from its own funds are recognised in knll 81 Ihe 1Sme of a9reemenl or when the Circuit accepts that therè is a18gal or op8rational obligalion to make the payment. VAT Sincè th• Circuit is not VAT registered. all input VAT i? ¢h8rged with the expenses to which it refers. Tanglble flxed assets for use by the Circult Tangible fixed assets are capttalis8d if théy (2n be used for more than one year. ar¥J cost at least £SOO. The freehold property is shown in Ihe accounts at 2015 deemed values. No deprec481ion is provided on the buildir because the trustees considerthe c￿[rent residual fair valw of the manse buildings {on th8 assumption that it had reached the end of rts useful economic life by Ihe year-endl to be not less than its CLFrrent value. Any deprecAation would not be material. The propety h8s been reviewed for impairmenl.. Investment Properties Investfflent pioperti&s- no property is currently deemed to r￿1 be held for the long tsrm purposes ol tha charity. Investments Investments are valued in the balance sheet al market value at the year end. Investment income is induded in Ihe a(uunts when r￿81¥abl& and any gains or losses on Tevaluation at the year end are shown in1he SOFA. Debtors and Prepayments Dèbtors include rental income and prepayments are September 81ipends p8id in August. Credltors Creditors includ8 both sundry expenses speafically the 1st qU8rter 8s8e$sment received in August. North Lancashire Methodist Circuit Circuil No 21116 4 Payment to Trustees There were no payments made to truste&s lor additsonal s8rvi¢ss prOv￿ad to tha Cirwt by agr￿m￿nI wilh the Circuil Meeting, this exdudes stipends. Trustee expenses 2022r23 2021122 Number of Trustees Total amount £0 £0 Expense payments primarity relate lo reimbursement for travel and computing costs 5 Fees for examination or audit of the accounts 2022123 2021122 Inde[￿dent examiner's or audrtors, fees for reporting on the accounts Other fees (eg.. advice, accountsncy services) patd lo the inde￿ident examiner or auditor 1,170 1.142 NIL NIL 6 Paid employees staff Costs paid during thè yèar w•r•: Gross wages. salaries and benefits in kind Employ8r's National Insurance ¢o$ts Pension costs Total staff costs 2022123 2021122 121,716 10,956 29,541 162,213 119.253 10.604 28.302 158,164 Avèragé numb•r of full-tlme equlvalent employees in the year werg: 7 Capitsl Commitments and Contlngent Liabilities At the 31st August 2023 there are no Capital commitments. No Conts"ngent liabilities were identified at 31 st August 2023. 8 For inforniation only Pllonèy recelved and passed on to External Or anisations 2022123 2021122 Balance brought fotward from last year 30 30 OfferingslGifts - received for Extemal Organisations 3,228 1.414 OfferingslGifts- passed to Extemal Organisations 3,228 Balance carriod forward 30 30 North Lancashire Methodist Circuit Circuit No 21118 9 Tangible Fixed Assets Cost oi valuatlon Fixtum, fittings and •quipm•nt Payments on account and assets under ¢onBtruoUon Land Man$•8 buildin Total Balance brou ht forward 1512216 395 000 1907 218 Additions Revaluations Dis sals Transfers ' +l- Balar¢￿ carried forward 1,512,216 395,000 1,907.216 A¢¢umulated depreciation Balance brou hl forward Dep￿ciatIOn charge for ear Revaluations Dis sals Transfers. Balance carried forward Nfrt book value Brou ht forward 1,512,216 395,000 1.907,216 Carried forward 1,512,216 395,000 1.907,216 10 Investment assèts The circuit has no Investment properties The circuit has no common invgstffEnt fijnd holdings 11 Loans The Circuit currently has no loans North Lancashire Methodist Circurt Circuit No 21116 12 Analysis of restrictsd and designated funds 2022123 Restricted Fund Name Opening Balance Incomin9 Resources Resource5 Expended Transfern Closlng Balance Purpose of the fund Rev T C Brown Bequest 8.088 260 23 8,325 Local mission work in Morecambe & He sham Circuit Donaltons for external or anisations Restricted Giving Totsls 8,285 197 8,088 North Lancashire Methodist Circuit Circuit No 21116 Declarations and Scrutiny I confimi that these accruals-based accounts for the year to 31 August 2023 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting. Signature of Ireasurer Name and address of treasurer £Af4.5X£A....Conr!££.....I1fjts.. FI8v￿rnI...................... Post COde￿L.. 1.4 Presentation to the Circuit Meeting I confirm that the annual report and accounts for the year ended 31 August 2023 were, or will be," presented to the Circuit Meeting at its meeting on Signature of the Chair of the meeting Name of the Chair of the meeting IliJ....U.￿.Q ft... ..￿..LO Date O Independent Examiner's Report to the Trustees of the Circuit, named above The Circuit's trustees are responsible for ensuring that the annual report and accounls for the year to 31 August 2023 present a true and fair view of the Circuit's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under seclion 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the Charities Act 2011 follow the procedures laid down in the general directions given by the Charty Commission under section 145(5)(b) of the Charities Act 2011 state whether particular matters have come to my attention. delete or circle as appropriate North Lancashire Methodist Circuit Circurt No 21116 Basis of Independent Examiner's Report My examination was carried out in accordan￿ with Ihe general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items. in nature or scale, or disclosures in the accounts. seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit and. consequently, no opinion is given as to whether the accounts present a true and fair view. My report is limited to those matters set out in the statement below. Independent Examiner's Stat&ment In connection with my examination, no matter has come to my attention (other than as disclosed below.) {1} which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Charities Act 2011 to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011 have not been met, or (2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. {3) I havelhave not. obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balan￿S and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner......... Name of independent examiner Relevant professional qualification of independent examiner Name of fimi {vthere appropriate) ... Ir4. Address Post Code LAI Date delete or circle as appropriate