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2024-12-31-accounts

The North of Scotland Methodist Mission Circuit

Report and

Accounts for The Year Ended 31 August 2024

District 31 Circuit 10 Charity SC038782 (Accounts Basis Accruals)

North of Scotland Mission Circuit Accounts ~~2023-2024~~

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The North of Scotland Methodist Mission Circuit Report And Accounts for the year ended 31 August 2024

District 31 Circuit 10 Charity SC038782 (Accounts Basis Accruals)

October 25, 2024 Zz

North of Scotland Mission Circuit ~~Accounts 2023-2024~~

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Table of Contents

Table of Contents Table of Contents Table of Contents
Trustees’ Annual Report .............ccccesccesccesccescceeccsccesccesccesccesccesccesceesccesceescesscesscesssesscesssesscesssese 4
Trustee’s Annual Report on Finance and Governance ..............cceeceeceecceccecceectectsctscsscscescescesceee L
Basis of preparation andlegal
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Circuit Ministers And OfFICELS ..........
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PUDLIC BENefit...
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Structure, Governance and Manageme
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TrUSTEETAIN
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Related Partie
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RISK MANAGEMENL.............cceccsccecceccescescscescesceecesccscceeceecescescsseecescescescescsecesssessescscssescesseses O
SAPESUAICING..........ceccecceccecceccnscnsceecescescesceecescseseescescessessessesceecessesceecescescsesssssessessescessesseseeee D
RESErVES POLICY ........... ccceeceeccecceeceeceececceceeceeccecceccsecsecsecseceececeeceeceecceceseeeeeesssscescscescsceseeees OD
Statement of Financial Activities (SOFA) fortheyearended 31 August2024.............
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Balance Sheet at 31 AUSUSt 2024.00...
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Notes tothe ACCOUNTS............ ceseecceseccneececenecceeesceeneceeeceeeeseceeeceseeecsesessesceeeesessesesersssssesensesees TD
1 Basis Of ACCOUNTING............
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BASIS 2.0.0... ceeeeeecceecceeeceeeeeeeceesceecceeeceeseeesceseeescesseeeseeeseesseesseesseesceeseesseeesceesceesceesceseeeese TD
INCOME RECOBNItION ........ eee
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RESOUFCES EXPeNded ..........ceccescescescsceecescesccsccsccsecescescscescescescesceecessescessssssessessesssssseee TD
Grant 20... eeceeseecceeeccneeeeneneceeeecenseseeensseeeeseesescesneseeesceeeeeeeeeseeseseseeesessesessseseessssesseensees TD
Tangible fixed assets for uSe bythe Circuit ..........
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INVESTMENT PLOPELtieS..............ceecescescescesccsccseceeceecsscscecescescesccscesccssessessesscessescessessessesee TO
INVESTMENMS.......... eeeeceeseeceetecceeccneeceeenecceeeseneesecaneeeeeeeeceeeeeseessseseseessssessssessseresssseseseeeees TO
Debtors and PrepayMenntt...............ceeceeceeccecceeceecescescesceeceeceeccecceceeccesesscsscssstsssscescsscseeeee TO
CLeCtOIs ......... eeeeeceeseceeeeceeeeeceeeecenseseeenseeeeeseeseceesssseeseseeeeseeeeseesesseenesessesesersessesssseseessoees TO
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4 Donations and legacies............. eeeeeeeeeeseceeeceeeceeeceeceecceesceeceeesceesceeseeesseessesssesssesssssssesesee TO
5 Charitable Activities ..........
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6 Other trading ACTIVITIES ........
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9 Fees forexamination oraudit Ofthe ACCOUNTS ............ ceceecceseeceeeeceeeceeeescestsseeescessseeeseserse TO
10PaidEMPLOYEES...........ceccecsccsscsscescescesceeceecesccsscsscsscsscsscescescessessessesssssssssssssssessessessesses TO

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |11|Tangible|Fixed|ASSCtS|............ccccceccescnscscesceeccscceccecceecsscescscescescescescescsssesssessescessessessesees|TQ| |12|INVESTMENTS|........|ee eeeecceseeceeneconeecceeneceeeeceesescesscceseesseescesecceseeeeeesessesessssssssessssecsssecees|TD| |13 Analysis|Of CUrreNt|ASSETS...........|cee|cee eeeceeceecceeceeceeceeceeceeceeceeceecceccecescessesscsscsscescescescesees|DO| |14|Analysis|of current|liabilities|and|long term|Creditors|............|ee eeeeeeeeceeeeeeeceecceeeeeeteeeeesees|DI| |15|Capital|Commitments|and|Contingent|Liabilities|.............|cece ceccecceecsecescescescescesceesseses|D1| |Detailed|analysis|of|individual|FUNG|MOVEMENTS|..............cceecescescescescescesccecesscsscescescsssssens|DD| |Basis|of|Independent|Examiner’s|Repot......................cccccsssssseeeccccceeesssseceeceessseeessseeeeees|24| |APPendix|A|TrUSTECES...........ccecceecsscnscescesceeceecesccecceeceeceeceeceecescescescescescesseecesseessescescescescescesceses|QD| |Appendix|B|Budget|Variance ..............cceeceeceeceeccecceeceeceeceeceeceeceecceceeccecceceescesssscessescescescesceseeses|2O| |Appendix C|Project|Income|and|Expenditure|...............cseccesccesccesccesccesccesccesccesccesceescesscesesessceseees|20|

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

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Trustees’ ' Annual Report

Introduction

The charitable purpose of the North of Scotland Mission Circuit is the advancement of the Christian faith. This report will indicate how well the Circuit is doing in that respect.

Circuit Aims and Organisation

The Circuit mission statement is 'By all means to save some.' It endeavours to do this through its four Methodist callings of Worship, Learning and Caring, Service, and Evangelism. The Circuit has sought to maintain a common purpose of mission and mutual encouragement by aiming to develop better communication, create a team in which gifts and talents can be shared, and to deploy human, financial, and property resources fairly across the Circuit. The Churches and Halls are normally open for worship services every Sunday and at various times throughout the week for activities to help people better understand and follow the Christian faith. Christian work was carried out at the Churches at Aberdeen, Peterhead, and on the Moray coast by the Moray Coast Methodist Church.

Review of the Year

From September 2023po was appointed Superintendent minister for the circuit. His contracted hours were reduced to half-time, which was required to balance the budget, but also enab|c ~~io~~ work ona book he is writing. IT completed his stationing with NoSMC in August 2024 and we wish him well in his new appointment.

Extensive discussions were held with Fraserburgh URC about providing ministerial support (half time) from September 2024. The outcome, in May 2024, was that Fraserburgh URC congregation declined the opportunity to work together with NoSMC.

MCMC (Moray Coast Methodist Church) have decided to consolidate into one building, possibly Portessie Church, but other options are under consideration. Cullen church was placed on the market and Buckie church is expected to be marketed in the autumn 2024. Expenses incurred by the circuit in selling these buildings need to be recovered from the solicitor conducting the sale, before the monies are distributed to TMCP (trustees for methodist church purposes). MCMC were unable to pay all the 2023-24 assessment, half £28,905 has been paid from circuit reserves. During 2024-2025 the circuit has agreed to assist with urgent repairs on Portessie church up to £25,000. The loan of £34,135.50 given to MCMC in 2022-2023 to meet the short fall in assessment has been repaid from circuit reserves.

The Open House and Open Table initiatives continue to flourish at Aberdeen Church. The kitchen facilities have been upgraded.

Bereavement ministry is being supported by the circuit’s provision of a mobile phone and contract.

The prison ministry is being supported by the circuit supplying a small grant.

A stairlift has been installed in Peterhead Manse funded from the Diaconal Order. Aberdeen manse is being prepared to meet the landlord requirements for renting out. This includes the electrical works identified in the 2021 quinquennial inspection, and the provision of an EV charger.

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

Active Church initiative at Lhanbryde Community Centre has been started in partnership with St Andrews Church of Scotland. The district has provided £900 grant funding, and the circuit has matched the districts funding. Church of Scotland have additionally provided £1800 funding to the project. Turnout from families with no previous connection to a church, average 30 audults/children. Appendix C gives a breakdown of project income and expenditure.

It has been agreed that the North of Scotland Mission Circuit will be merged into the new whole of Scotland circuit from September 2025.

Financial Performance Review

The circuit meeting established the budgets for the year 2023-2024. The year's financial performance will be assessed against those budgets and any significant variances accounted for. The Budget variance report is contained within appendix B. The circuit is showing a surplus of £83,731 Of income over expenditure.

Income Trends

The income budget for the year was set at £167,223 the actual income was £291,482. This difference is attributed to the following items not budgeted for

The assessment income of £161,223 was only met by withdrawing £28,905 from the reserves to support MCMC assessment shortfall.

Expenditure Trends

The expenditure was £20,158 more than budgeted for. This is Mostly attributed to the following items which had no budget

Fund Balances

Plans for 2024/25

The Circuit financial plans for 2024/25 had been prepared on the basis that we would continue with 1.25 Presbyters and 1 Deacon with anticipated cost of living stipend increases, combined with the various quarterly and annual payments to District and Connexion. Additional income from the rental of Aberdeen manse has been budgeted.

At a Circuit Meeting on 5th March 2022 the Circuit Manse Budget of £6000 was agreed to cover general maintenance of all manses; this will be split equally amounts between the three Churches. The Circuit Manse Budget was maintained at £6,000 for the year 2024-25.

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

The Circuit Meeting 11/5/2024 agreed a deficit budget of £52,842. This being met from circuit reserves and the income from the sale of Cullen Church. District have been approached and have agreed in principle to provide a loan, should the sale of Cullen not complete in time. This is not a sustainable situation beyond next year and additional income or cost reduction will have to be made for the circuit to remain viable.

The circuit have agreed to contribute to the funding of a Chaplin at Aberdeen to support the Open House/Table project.

2024 25 grant £3312.50 has been paid.

2025_26 grant allocated £3,650.00. 2026_27 grant allocated £4,025.00.

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

Trustee’s; Annual Report on Finance. and Governance

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31 August 2024 have been prepared in accordance with the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006

Full Name of Charity: North of Scotland Mission Methodist Church

Registration Charity Number: SC038782

Date of registration 8th. October 2007

The members of the North of Scotland Methodist Circuit meeting are the Charity Trustees, membership being made up of Circuit office holders, ministers and representatives proposed by the local churches in the Circuit and appointed by the Circuit Meeting. Other members are appointed by the Circuit Meeting so that all areas of the Church's life and work in the Circuit are represented.

Full membership is shown as Appendix A to this report

Circuit Ministers and officers

Banks

Central Finance Board of the Methodist Church. Trustees for Methodist Church Purposes. Virgin Money UK - General Account.

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

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Aims and organisation

Charity objective is to act as a Resource provider within the area around the Northeast of Scotland and the Moray coastal area for the Methodist Church:

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;

or ancillary to The Methodist Church;

d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church

The organisation and resourcing of regular public acts of worship open to members of the church and non members alike.

The teaching of Christianity through sermons, courses and small groups.

The resourcing of pastoral work including visiting the sick and bereaved.

Taking religious assemblies in local schools.

Promotion of Christianity through the staging of events and services.

Provision of chaplaincy services to the local university and other institutions.

Public Benefit

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Structure, Governance and Management

The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976)

Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Day to day management of the circuit is undertaken by the Circuit Leadership team. Circuit policy is set by the Circuit Meeting.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the circuit, specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is available to all new Circuit meeting members as a guide to induction to their role as trustees.

Related Parties

The Circuit is part of the Scotland District and is also accountable to the Methodist Conference. The following Methodist Churches based at Aberdeen, Peterhead and Moray Coast Methodist Church are linked to the circuit.

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Risk Management

The major risks have been 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 being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.

Methodist Connexional practice outlines commitment to the following principles:

e We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.

The North of Scotland Mission Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The North of Scotland Mission Circuit commits itself to the provision of support, 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 of children and adults who may be vulnerable.

Reserves Policy

The Reserves Policy for the Circuit is to hold a minimum sum equivalent to six months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

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Statement of Financial Activities (SOFA) for the year

ended 31 August 2024

Paxton Charity Commission SOFA Report as at 31/08/2024 Page 1 of 1

Charity no. SC038782

North Of Scotland Scotland Methodist Mission Circuit

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |North|Of Scotland Scotland|Methodist|Mission|Circuit|Printed:|23/10/2024| |Unrestricted|Restricted|Endowment|Total funds|Prior year| |funds|Income|funds|funds|funds| |£|£|£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|900|0|0|900|0| |Charitable|activities|161,223|12,711|0|173,934|163,590| |Other|trading|activities|0|0|0|0|6000| |Investments|5,814|7|0|5,821|1914| |Separate|material|item|of|0|0|0|0|0| |income| |Other|110,827|0|0|110,827|0| |278,764|Es a|ET| |Expenditure|on:| |Raising|funds|20,470|0|0|20,470|0| |Charitable|activities|170,897|16,385|0|187,282|169,065| |Separate|material|item|of|0|0|0|0|0| |expense| |Other|0|0|0|0|0| |191367|i| |Net|income/(expenditure)| |before|investment.|gains/(losses).|87,397|-|3,667|0|83,730|2439| |Net|gains/(losses)|on|0|0|0|0|210,290| |investments| |Net|income/(expenditure)|87,397|-|3,667|0|83,730|0| |Extraordinary|items|0|0|0|0|0| |Transfers|between|funds|-|10,827|10,827|0|0|2439| |Net Movement in Funds|76,570|7,161||0|83,730|212,729| |Reconciliation|of Funds| |Total|funds|brought|forward|1,465,603|135|1,465,738|1,253,009| |Total|funds|carried|forward|1,542,173|7,295|||i|1,549,468|1,465,738|

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North of Scotland Mission Circuit Accounts 2023-2024

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Balance Sheet at 31 August 2024

Paxton

Balance Sheet as at 31/08/2024

Page 1 of 1

Charity no. SC038782

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |North|Of Scotland|Methodist|Mission|Circuit|Printed:|23/10/2024| |Unrestricted|Restricted|Endowment|Total|funds|Prior|year| |Funds|Income|Funds|Funds|funds| |Fixed|assets| |Intangible|assets|0|0|0|0|0| |Tangible|assets|1,378,539|0|(0)|1,378,539|1,378,539| |Investments|52,038|0|0|52,038|48,761| |Total|fixed assets|1,430,577|0|0|1,430,577|1,427,300| |Current|assets| |Stocks|0|0|0|0|0| |Debtors|9,792|0|0|9,792|46,073| |Investments|0|142|0|142|135| |Cash|at|bank|and|in|hand|55,179|13,477|(0)|68,656|19,886| |Total|current|assets|64,971|13,619|0|78,590|66,094| |reditors:|amounts|falling due|16,415|6,324|0|22,739|27,656| |ithin|one|year| |Net current|assets/(liabilities)|48,556|7,295|0|55,851|38,438| |Total|assets|less|current| |liabilities|1,479,132|7,295|0|1,486,428|1,465,738| |reditors:|amounts|falling|0|0|0|0|0| |due|after|more|than|one| |year|Provisions|for|0|0|0|0|0| |liabilities| |Total|net assets|or|liabilities|1,479,132|||7,295]|1,486,428|1,465,738| |Funds|of the|Charity| |Endowment|funds|0|0|0|0|0)| |Restricted|income|funds|0|7,295|0|7,295|135| |Unrestricted|funds|1,479,132|fe)|0|1,479,132|1,465,603| |Revaluation|reseerve|0|0|0|0|0| |Total|funds|1,479,132|7,295 FY|1,486,428|1,465,738| |trustees on behalf of all|||||||¥/3/2<|| |the trustee.|||||I$|[BASH]|

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

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Notes to the Accounts

1 Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102), issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The accounts have been prepared in UK £ sterling.

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 also the following Endowment funds as listed. 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 except that investments are shown at their market value at the end of the year, on the accruals basis to showa true and fair view of the Circuit’s financial position and activities.

Income Recognition

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 whena 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. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

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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

These are capitalised if they can be used for more than one year, and individually cost at least £1,000.

The freehold property is shown in the accounts at 2023 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 relate to the payment of the September stipend in August and insurance.

Creditors

Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.

Impact of Accounting changes

A statement is required if there has been any restatement required to previous reported information as a consequence of the new Statement of Recommended Practice SORP.

4 Donations and legacies

District Advance Fund grant of £900 for the Active Church project.

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North of Scotland Mission Circuit Accounts 2023-2024

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5 Charitable activities

Paxton

Charity Commission SOFA Transactions List

Page 1 of 1

Charity no. SC038782

North Of Scotland Methodist Mission Circ

Printed: 23/10/2024

SOFA row S02 Charitable activities (inc.) SOFA row S02 Charitable activities (inc.) SOFA row S02 Charitable activities (inc.)
Transaction date is between 01/09/2023 and 31/08/2024
Fund type General
Date Typ Accou References Audi Clos Value Fund Comment
01/09/2023 J C5200 J0020 Y -27,655.50 General Unearned assessment 24
01/09/2023 Inc. C5200 AssessmentABD Y -12,650.25 General Income booking
20/11/2023 Inc. C5200 Crown Terrace Y -12,650.25 General
23/11/2023 Inc. C5200 Phd Methodist Y -13,203.00 General Income booking
08/01/2024 Inc. C5200 mcmc Assmt Y -14,452.50 General
20/02/2024 Inc. C5200 Crown Terrace Y -12,650.25 General Income booking
22/02/2024 Inc. C5200 Phd Meth Y -13,203.00 General Income booking
20/05/2024 Inc. C5200 Crown Terrace Y -12,650.25 General
21/05/2024 Inc. C5200 Crown Terrace Y -13,203.00 General
06/06/2024 J C5200 J0028 Y -28,905.00 General MCMCAssessment holiday
0.00 -161,223.00
-161,223.00

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North of Scotland Mission Circuit Accounts 2023-2024

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Paxton

Charity Commission SOFA Transactions List

Page 1 of 1

Charity no. SC038782

North Of Scotland Methodist Mission Circ

Printed: 23/10/2024

SOFA row S02 Charitable activities (inc.) Transaction date is between 01/09/2023 and 31/08/2024 Fund type Restricted

Date Type Account References Audit Closed Value Fund code Comment 25/01/2024 Inc. C5250 Phd Meth Y ~~-~~ 2,000.00 CMG Income booking 30/01/2024 Inc. C5250 ABD Chq 652 Y ~~-~~ 2,000.00 CMG Income booking 19/02/2024 Inc. C5250 Mef Nol acc Y ~~-~~ 6,711.00 CMG Income booking 01/03/2024 Inc. C5250 Chq 653 Y ~~-~~ 2,000.00 CMG Income booking 0.00 ~~-~~ 12,711.00 ~~-~~ 12,711.00

6 Other trading activities

No transactions.

October 25, 2024 a5 |

North of Scotland Mission Circuit Accounts 2023-2024

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7 Investment income

Paxton Charity Commission SOFA Transactions List

Page 1 of 1

Charity no. SC038782

North Of Scotland Methodist Mission Circ

Printed: 23/10/2024

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|||||||| |---|---|---|---|---|---|---| |SOFA|row|S04|Investments| |Transaction|date|is|between|01/09/2023|and|31/08/2024| |Fund type|General|

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Date|Type|Account|References|Audit|Closed|Value|Fund code|Comment| |30/09/2023|Inc.|C4200|Interest|Y|-|0.90|General|Income|booking| |31/10/2023|Inc.|C4200|Interest|Y|-|0.96|General|Income|booking| |30/11/2023|Inc.|C4200|Interest|Y|-|0.98|General|Income|booking| |31/12/2023|Inc.|C4200|Interest|Y|-|1.01|General|Income|booking| |31/01/2024|Inc.|C4200|Interest|Y|-|1.01|General|Income|booking| |29/02/2024|Inc.|C4200|Interest|Y|-|0.94|General|Income|booking| |31/03/2024|Inc.|C4200|Interest|Y|-|23.44|General|Income|booking| |30/04/2024|Inc.|C4200|Interest|Y|-|169.06|General|Income|booking| |31/05/2024|Inc.|C4200|Interest|Y|-|190.73|General|Income booking| |30/06/2024|Inc.|C4200|Interest|Y|-|265.78|General|Income|booking| |31/07/2024|Inc.|C4200|Interest|Y|-|273.67|General|Income|booking| |31/08/2024|Inc.|C4200|Interest|Y|-|239.84|General|Income|booking| |0.00|-|1,168.32| |-|1,168.32|

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October 25, 2024 46 |

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Paxton

Charity Commission SOFA Transactions List

Page 1 of 1

Charity no. SC038782

North Of Scotland Methodist Mission Circ

Printed: 23/10/2024

SOFA row S04 Investments

Transaction date is between 01/09/2023 and 31/08/2024 Fund type Restricted

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Date Type Account References Audi t
Fund codeComment
31/08/2024 Inc. C4200 Interest Cir Manse Grp
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Closed Value Y ~~-~~ 7.30 CMG Income booking 0.00 ~~-~~ 7.30

~~-~~ 7.30

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North of Scotland Mission Circuit Accounts 2023-2024

8 Payment to Trustees _CCCSCSCSCS*dS Payments made to trustees for additional services TRISEnil Yor = LastEnil Year provided to the Circuit by agreement with the Circuit Meeting Number of trustees who were paid expenses [7 KA Reimbursement for travel and general non ~~-~~ personal expenses amounted to:Total Amount Paid to Trustees £7,729 £6,492

9 Fees for examination or audit of the accounts ThisIndependent examiner’s or auditors’ fees for reporting | £900Year | LastYear£900 ~~|~~ on the accounts Other fees (eg: advice, accountancy services) paidto | £nil Enil the independent examiner or auditor

10 Paid employees

Staff Costs paid during the year were: Gross wages, salaries and benefits in kind Employer’s National Insurance costs Average number of staff employed during the year were:

October 25, 2024 18 |

North of Scotland Mission Circuit Accounts 2023-2024

S

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11 Tangible Fixed Assets

11 Tangible Fixed Assets

Manses ~~-~~ Valuation based on Methodist Insurance Notice effective 24 June 2023 Buckie ~~-~~ £597872 Peterhead ~~-~~ E306866 Aberdeen ~~-~~ £473801

Cost or valuation

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Payments on
Other fixed account and
Residential assets including | Fixtures, assets under
Land Other Land Other motor vehicles | fittings and construction Total
£ £ buildings £ equipment £ £
Balance brought forward po tzzes39f@8:78, 539
Additions - 18 Titness Street a es esGQ
Revaluations(4t - ) EP
Disposals ( - ) - 4 Titness Street a es QO
Transfers * (+1- ) a es esGQ
12 Investments
The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited
to the accounts each month. These are regarded as medium and long term investments.
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TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP

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North of Scotland Mission Circuit Accounts 2023-2024

ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference.

13 Analysis of current assets

Paxton

Page 1 of 1

Charity no. SC038782

North Of Scotland Methodist Mission Circ

Printed: 23/10/2024

August 2024

Unrestricted Restricted Endowment Year Total LastYear
Debtor and Prepayments
Prepayments 9,792 0 0 9,792 11,938
Church Loan ac 0 0 0 0 34,136
Total Debtor and 9,792 0 0 9,792 55,866
Prepayments
Analysis ofCash at Bank
Bank (Virgin) ~~-~~2,213 13,477 0 11,264 19,662
Deposit account (CFB) 57,392 0 0 57,392 224
Investments (CMTF) 52,038 0 0 52,038 48,761
Investments (CMG) 0 142 0 142 135
TotalCashandBank 107,217 13,619 120,836 68,782

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North of Scotland Mission Circuit Accounts 2023-2024

14 Analysis of current liabilities and long term creditors

Unrestricted Restricted Endowmen~~t~~ Year LastYear
Total
Creditors balance 0 0 0 0 ~~-~~27,656
Accrued expenses ~~-~~16,415 ~~-~~6,324 0 ~~-~~22,739 0
TotalCurrentLiabilities
~~-~~16,415
~~-~~6,324 0 ~~-~~22,739 ~~-~~27,656

15 Capital Commitments and Contingent Liabilities

At the 31 st August 2024 the Circuit has no capital commitments. No Contingent liabilities were identified at 3ist August 2024.

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North of Scotland Mission Circuit. ~~Accounts 2023-2024~~

Detailed analysis of individual fund movements

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Paxton|Charity|Commission|Movement|of Funds|Report|Page|1|of 1| |Charity|no.|SC038782| |North|Of Scotland|Methodist|Mission|Circ|Printed:|23/10/2024| |Year|to|31/08/2024| |I|E|.|Transfi|sai|iF|,| |brought|losses|carried| |forward|forward| |General|fund|1,416,842|163,291|-|169,678|79,679|0|1,490,135| |Circuit Model|Trust Fund|48,761|115,472|-|21,689|-|90,507|0|52,038| |NOSM|Circuit Manse|135|12,718|-|16,385|10,827|0|7,295| |Group| |Totals|1,465,738|291,482|-|207,751|0|0|1,549,468|

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North of Scotland Mission Circuit Accounts 2023-2024

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ab
“ie
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Treasurer | confirm that | have prepared the accounts from the records of the Circuit and that they include all funds under the control of the Circuit Meeting

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Presentation to the Circuit Meeting for approval.
| confirm that the Accounts have been presented to the Circuit Meeting on B, 6 /2 : aaa
and were approved.
Signature of the Chair of
the meeting
Name of the Chair of
the meeting
Date < 5
Signature of Treasurer te 6/3>/ /25-
Name
Independent Examiner’s Report to the Trustees of the
North of Scotland Mission Circuit
This Report is on the Circuit Accounts for the year ended 31° August 2024
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Respective responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 . The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.The charity is preparing accrued accounts and | am qualified to undertake the examination by being a qualified member of

Association of Chartered Certified Accountants

North of Scotland Mission Circuit Accounts 2023-2024

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CV
Ab
we
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Basis of Independent Examiner’s Report

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 . An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, | do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

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(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached
Name
Signature
Relevant Professional qualification or body
FMAAT
Address | | Paxton Independent Examiners,
61a High Street South, Rushden, NN10 ORA
Dat; :
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October 25, 2024 | 2a

North of Scotland Mission Circuit ~~Accounts 2023-2024~~

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Appendix A Trustees

CIRCUIT MEETING MEMBERSHIP

Trustees of the Circuit Meeting from 1st September 2023 to 31st August 2024 unless otherwise stated in the "Remarks" column.

~~Office (if any)~~

~~Trustee Name~~

~~Appointed by Remarks~~

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North of Scotland Mission Circuit ~~Accounts 2023-2024~~

CVV 4b rT

Paxton BudgetVariance Report (consolidated) August 2024 BudgetVariance Report (consolidated) August 2024 BudgetVariance Report (consolidated) August 2024 BudgetVariance Report (consolidated) August 2024 BudgetVariance Report (consolidated) August 2024 Page 1 of2
Charity no. SC038782
North OfScotland Methodist Mission Circ Printed: 23/10/2024
~~Actuals year to ~~ ~~date~~ ~~Budgets year to date~~ ~~Variance~~ ~~%~~
Voluntary Income
C2100 Grants received 900 0 900 xxxxxx
900 0 900 xxxxxx
Investment Income
C4200 Interest received 5,821 0 5,821 XXXXXX
5,821 0 5,821 XXXXXX
Charitable Activities Income
C5200 Fees received (Assessments) 161,223 161,223 0 0.00
C5250 Manse Group 12,711 6,000 6,711 111.85
173,934 167,223 6,711 4.01
Other Income
C9100 Other income 110,827 0 110,827 XXXXXX
110,827 0 110,827 XXXXXX
291,482 167,223 124,259 74.31

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Paxton Budget Variance Report (consolidated)August Budget Variance Report (consolidated)August Budget Variance Report (consolidated)August August 2024 Page 2 of2
Charity no. SC038782
North Of Scotland Methodist Mission Circ Printed: 23/10/2024
~~Actuals year to date~~ ~~Budgets year to date~~ ~~Variance~~ ~~%~~
Investment Management Costs
D4100 Investment management fees 20,470 0 ~~-~~20,470 Xxxxxx
(20,470) 0 ~~-~~20,470 xxxxxx
Charitable Activities Costs
D5100 Gifts/grants given 1,314 0 ~~-~~1,314 XXXXXX
D6100 Stipends, Salaries and wages 77,682 79,716 2,034 2.55
D6150 PAYE/EmployerNI 7,035 6,322 ~~-~~713 ~~-~~11.28
D6160 Pension contributions 19,529 21,092 1,563 741
D6180 Apprenticeship Levy 391 400 9 2.25
D6190 Ministers IT 582 0 ~~-~~582 xxxXxxx
D6200 Manse maintenance costs 9,555 0 ~~-~~9,555 XXXXXX
D6240 Quinquennial/Valuation Report 3,845 1,350 ~~-~~2,495 ~~-~~184.81
D6400 Connexional Fund 30,780 30,778 ~~-~~2 ~~-~~0.01
D6410 District expense fund 8,220 8,220 0 0.00
D6420 District Property fund 1,219 0 ~~-~~1,219 XXXXXX
D6500 Ministers Resources 155 540 385 71.30
D6520 Travel expenses (ministers) 7,062 7,500 438 5.84
D6530 Subsistence & Accom costs 64 0 ~~-~~64 XXXxxx
D6550 Volunteer/Pulpit/Travel EXP 188 200 12 6.00
D6600 Relocation Costs 92 0 ~~-~~92 XXXXXX
D7200 Agents fee~~s-~~Rental 265 0 ~~-~~265 XXXXXX
D7250 Council Tax 8,759 6,972 ~~-~~1,787 ~~-~~25.63
D7300 Insurances 1,957 1,833 ~~-~~124 ~~-~~6.76
D8200 Printing/Stationery/Postage 0 300 300 100.00
D8320 Telephone/broadband 154 0 ~~-~~154 xxxxxx
D8510 Equipment purchases 6,855 0 ~~-~~6,855 XXXXXX
D8900 Sundries costs 678 1,000 322 32.20
(186,381) (166,223) ~~-~~20,158 ~~-~~12.13
Governance Costs
D9100 Audit& accountancy costs 900 0 ~~-~~900 xXxxxxx
(900) 0 ~~-~~900 xxxxxx
TOTALSURPLUS/DEFICIT 83,731 1,000 82,731 XXXXXX

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Appendix C|Project|Income|and|Expenditure| |Paxton|Multiple|Project Income|and Expenditure|Report|-|from|1/9/2023|to|31/08/2024|Page|1|of 1| |Charity|no.|SC038782| |North|Of Scotland|Methodist|Mission|Circuit.|Printed:|23/10/2024| |Turnover|from|1/9/2023|to|31/08/2024| |ABDO1|BUCKO1|PHDO1|ABDO2|Act001|Ber01|Mor01|Phd 02|Total| |Voluntary|Income| |Grants|received|0|0|0|0|900|0|0|0|900| |0|0|0|0|900|0|0|0|900| |Charitable|Activities|Income| |Manse|Group|0|0|6,711|0|0|0|0|0|6,711| |0|0|6,711|0|0|0|0|0|6,711| |Charitable|Activities|Costs| |Gifts/grants|given|0|0|0|0|1,014|0|0|300|1,314| |Manse|maintenance|costs|6,514|3,041|0|0|0|0|0|0|9,555| |Quinquennial/Valuation|Reports|99|0|0|0|0|0|3,746|0|3,845| |Relocation|Costs|0|0|0|0|0|0|92|0|92| |Telephone/broadband|0|0|0|0|0|154|0|0|154| |Equipment|purchases|0|0|6,711|0|0|144|0|0|6,855| |Sundries|costs|20|0|0|0|0|0|200|0|220| |(6,633)|(3,041)|(6,711)|0|(1,014)|(298)|(4,038)|(300)|(22,035)| |TOTAL|SURPLUS/DEFICIT|(6,633)|(3,041)|0|0|(114)|(298)|(4,038)|(300)|(14,424)| |Abbreviations|are shown|on|the|next page.|

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ADBO1 Aberdeen manse maintenance. Aberdeen manse maintenance. Aberdeen manse maintenance. Aberdeen manse maintenance. Aberdeen manse maintenance. Aberdeen manse maintenance. Aberdeen manse maintenance.
BUCKO1 Buckie manse maintenance.
PHDO1 Peterhead manse maintenance.
ABDO2 Open House Chaplain.
ACTO1 Active Church.
BERO1 Bereavement Ministry.
MORO1 MCMC church sale recoverable costs.
PHDO2 PrisonMinistry.

October 25, 2024 | 29 |