North Herts Methodist Circuit - The Methodist Church of Great Britain

34/15 North Hertfordshire Circuit 

TRUSTEES' REPORT 

and 

FINANCIAL STATEMENTS 

for the year ended 

31 AUGUST 2012 

Charity registration number: 1133930

Administrative Information 

_________ 

Circuit Ministers 

Rev Andrew Maguire (Superintendent) until 31 August 2012 

Rev Julian Blakemore 

(Sector Minister) 

Rev Richard Byass 

Rev Duncan Campbell 

(Anglican – Authorised Minister) 

Deacon Sheralee Devitt 

Rev Robert Forrest 

(Part time) 

Rev John Hardaker (URC – Authorised Minister) inducted May 2012 

Rev Charmaine Sabey-Corkindale (Anglican – Authorised Minister) 

Rev John Steele 

(URC – Authorised Minister) 

Circuit Stewards 

Mrs Doreen Archer 

Manse Steward 

Mr Brian Burgess 

Mr John Chastney 

Acting Treasurer 

Mrs Helen Dearn Senior Steward (stood down 31 August 2012) 

Mr Frank Needham (from September 2011) 

Mr Matthew Pearson 

Circuit Meeting Secretaries 

Mrs Joyce Major 

Mrs Jennifer Rogers 

Circuit Administrator 

Mrs Sarah Lewis 

Central Methodist Church 

Pixmore Way 

Letchworth Garden City 

Herts 

SG6 3TR 

Telephone number: 01462 684569 

e-mail address: administrator@nhmethodist.org.uk 

Circuit Web Site Address 

www.nhmethodist.org.uk 

Bankers 

HSBC 

Danestrete 

Stevenage 

Herts 

SG1 1BY 

Independent Examiner 

Richard Womwell FCA 

Suite 11, Woodside House 

18 Walsworth Road 

Hitchin, Herts 

SG4 9SP 

31 August 2012 North Hertfordshire Methodist Circuit 2 of 19

Trustees’ Report 

Governance and Management 

The Circuit is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust 

Deeds of 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 the discipline of the 

Methodist Church, and 

b any charitable purpose for the time being of any Connexional, District, Circuit, local or other 

organisation of the Methodist Church, and 

c any charitable purpose for the time being of any society or institution or subsidiary or ancillary 

to the Methodist Church. 

The Circuit is a group of local churches some of which are Local Ecumenical Partnerships (LEPs) 

with other denominations. Circuits combine to form about 30 districts in Great Britain. Although 

there is some autonomy, all Methodist organisations in Great Britain are governed by statutes 

determined by the Methodist Conference and which are published in the Constitution, Practice and 

Discipline of the Methodist Church. Conference is the supreme body within the church: it 

delegates much of its authority to the Methodist Council. Both Conference and Council consist of 

lay and clerical members. 

In setting our objectives and planning our activities the Circuit Meeting, held twice in each year, 

has given careful consideration to the Charity Commission’s general guidance on public benefit 

and, in particular, to its supplementary public benefit guidance on advancing our objectives as set 

out above. 

During the year the Circuit Leadership Team (CLT) - the Circuit Ministerial Staff and Circuit 

Stewards - met every two months to keep under review the life of the Circuit and to take forward 

the decisions of the Circuit Meeting. 

Activities 

Our mission is to be a powerful spiritual influence in the community and a visible expression of 

God’s inclusive love. We aim to achieve this by encouraging, through the churches in our Circuit, 

the worship, social, and outreach activities that currently exist, and seeking new ways to extend to 

others the fellowship of the Church family. We have created three action groups: 

Worship 

Mission 

Property 

Through these we seek to develop the life of the Circuit and its churches. 


Organisational Structure 

1 Overall control rests with the Methodist Conference 

2 The Connexional Office implements decisions made by Conference and is also responsible 

for the stationing of Ministers in individual Circuits 

3 Connexional decisions are passed to the Chair of the District and the appropriate Officers of 

the District for regional implementation 

4 The Districts pass the control down to Circuit level for local implementation by the 

Superintendent Minister, Ministerial staff and Circuit Stewards and authority is delegated to 

the Circuit Meeting for certain matters 

5 The Circuit Meeting passes control down to Church Councils for local implementation by the 

Minister, the Church Stewards and other officers and authority is delegated to Church 

Councils acting as Managing Trustees. 

6 The Circuit Superintendent chairs meetings of the Circuit Leadership Team (CLT) and the 

Circuit Meeting, which trustees are expected to attend. Policy decisions are taken at the 

Circuit Meeting. 

7 The Methodist Connexional year runs from 1 September to 31 August. 

Charity Registration 

The North Hertfordshire Methodist Circuit was registered as a charity (registration number 133930) 

in February 2010. 

The trustees confirm that they have complied with the duty under the Charities Act 2011 to have 

due regard to the Charity Commission’s general guidance on public benefit. Specifically: 

• many churches make their premises available to other organisations that need somewhere 

to meet (eg choral and drama groups, The National Trust) 

• some churches have long term tenants (eg PHASE at Hitchin) 

• uniformed organisations (scouts, cubs, beavers, guides, brownies and rainbows) are 

affiliated to many of our churches and meet at church premises 

• lunch clubs are provided for the housebound who are brought to the club by mini-coach 

• other outreach activities 

• opening some of our churches most days of the week to the homeless 

• raising money for charities and activities locally and overseas (eg the Good Friday 

sponsored walk raised over £3000 for charity in 2012) 

Safeguarding 

The Circuit follows the Connexional policy on safeguarding as detailed in Creating Safer Space. 

Each church has a safeguarding representative and there are two safeguarding officers in the 

Circuit to ensure the adoption of safe practice amongst children and vulnerable adults. 


Trustees 

The following people served as members of the Circuit Meeting during the year 2011-12. 

Miss Ann Archer 

Mrs Doreen Archer 

Mr W D M Archer 

Mr Ken Bamberough 

Mr George Berry 

Rev Julian Blakemore BA ACIB 

Mrs Audrey Blatch 

Mrs Cynthia M Boyd 

Mr Ian Brackenbury 

Dr Neville Brammer LLB 

Mr Peter Brooks MBE 

Mr Tom Brown 

Mrs Barbara Bruce 

Mr Chris Bryant MA 

Mr Brian Burgess MA 

Mrs Diana Burgin 


Mr David Latter 

Miss Julie Longhurst 

Rev Andrew Maguire MA BD (ceased 31 August 2012) 

Mrs Joyce Major 

Mrs Lorraine Morgan 

Mr Anthony J Musgrove 

Mr Francis Needham 

Mrs Jane Oakland 

Mr Matthew Pearson 

Mr Dennis Pratley 

Mrs Hazel Roethenbaugh 

Mrs Jennifer Rogers 

Mr Peter Rogers 

Mrs Shirley Rossall 

Rev J Duncan Campbell 

Mr Peter Cannell (ceased as from September 2011) Rev Charmaine Sabey-Corkindale 

Mr John Chastney 

Mr Arthur Scarrow 

Mrs Sue Chastney Mr Danny Scourfield (as from September 2011) 

Mrs Coral Clark 

Mr John Sharman 

Mrs Dilys Clark 

Mrs June R Simpson 

Mr Terry Copland 

Mr John Smith 

Mr Martin Stephens 

Mr Peter Davies (as from March 2012) 

Mrs Vivien Storey 

Mrs Helen Dearn 

Mr Andrew Surry 

Deacon Sheralee Devitt BA 

Mrs Janet Surry 

Mrs Valerie Dowsett 

Mr Robert Driver 

Mrs Janet Tackley 

Mr Peter Dron 

Mr Gordon C Tipper 

Mr Richard Dyster 

Mrs Margaret Turner 

Rev Robert Forrest 

Mrs Jane French 

Mrs Elizabeth Hall 

Mrs Jackie Hall 

Mrs Dinah Harper 

Mrs Shirley Hassall 

Mr Sunil Jayewardene 

Mr Peter Jermy (ceased as from September 2011) 

Mr H Underwood 

Mrs Jennifer Victor (as from September 2011) 

Mrs Christine Warren 

Mr Jim Webb 

Mrs Barbara Wenham 

Mr David White 

Rev John Whittle 

Mr Lewis Willis 

Dr Carolyn Kisby 


Review of Objectives set for Year 2011-2012 

a The Invitation Committee approved by the March 2011 Circuit meeting, made up of members of 

the CLT, produced a Superintendent Minister profile for submission to the Connexion via the 

District (Beds, Essex and Herts). The profile was electronically circulated nationally. The 

Committee drew up a short list of prospective Ministers and discussed further with the District. 

The prospective Minister spent a day in early December 2011 touring selected churches in the 

Circuit, plus the manse. Representatives from the Circuit met with the Minister to discuss how 

they would approach the ecumenical bias to the Circuit. After two days reflection on both sides 

the Circuit recommended to Conference that the Rev Malcolm Peacock be appointed from 1 

September 2012. The appointment was subsequently confirmed. 

b The Circuit was pleased to welcome Rev John Hardaker (United Reformed Church) in May 

2012 to be the Minister (serving on a 0.75 time basis) at Christchurch, Hitchin, and with 

oversight of Letchworth Free Church (0.25 time basis). 

c The Ecumenical Covenant between the four churches in Benington and Walkern (one 

Methodist, two Anglican and one United Reformed Church) was constituted at a service held in 

late October 2011, to form a Local Ecumenical Partnership. 

d The highlight of the year was the Celebration Service in April 2012, held at the Stevenage 

Leisure Centre. Over 800 people from all 14 Circuit churches took part in an uplifting service of 

hymns and prayers. People from other churches, not part of the Circuit, also attended. The 

guest preacher was Rev Dr Mark Wakelin, then President Elect of the Methodist Conference. 

The Mayor of Stevenage was also an invited guest. 

e In June 2012, Mrs Sarah Lewis was employed by the Circuit as part time Circuit Administrator, 

located at the Central Methodist Church, Letchworth Garden City. Her duties are to assist the 

Superintendent Minister and the CLT. 

f The Circuit was pleased to see the completion in February 2012, at Stotfold Methodist Church, 

of a disabled toilet and lift from the hall up to the church, to meet the requirements of the 

Equality Act 2010. 

Staff changes 

In August 2012 the Rev Andrew Maguire, left us after nine years of dedicated service to the 

Circuit, to take up a further Superintendent’s position in the West Norfolk Methodist Circuit. 

Mrs Helen Dearn stood down as Circuit Steward in August 2012. Thanks were expressed to her 

for her dedicated and effective work including two years as the Senior Steward. Mr Brian Burgess 

became Senior Steward on 1 September 2012. Mr Peter Brooks was appointed as a new Circuit 

Steward at the September 2012 Circuit Meeting. 

The Circuit Treasurer, Mr John Chastney, indicated that he wished to stand down as Circuit 

Treasurer. A person is actively being sought to take on this important role. Mr Chastney has 

continued to offer advice and support, but the day to day book-keeping and the preparation of the 

accounts has been delegated (on a fee basis) to Mr Simon Dron, who is acting as Circuit 

Bookkeeper. 


Objectives for the Year 2012-2013 

The Circuit will: 

a endeavour to appoint a Circuit Treasurer. 

b pursue an initial meeting with the North Herts Group of Churches (URC), to discuss further 

developing the ties between the two groups. 

c in the light of possible staff movement within the Circuit over the next three years, through the 

CLT, discuss appropriate action to be taken, so that there is adequate staffing to all the Circuit 

churches to ensure pastoral oversight. 

d in consideration of the two points above, review the current Circuit Policy. 

e seek, at the March 2013 Circuit meeting, approval to form an Invitation Committee with 

representatives from the CLT, to discuss with Rev Richard Byass and Rev Robert Forrest the 

possibility of extending their engagements beyond August 2014. 

Risk Management 

Through its CLT, risks faced by the Circuit have been considered. Where appropriate, risks have 

been transferred by paying insurers to take the risks. Security and safety of our churches is 

largely for those churches to determine and to mitigate following advice from Circuit Officers. 

All churches and manses are the subject of quinquennial inspections and the reports on each are 

reviewed by the Circuit as well as the local trustees. Action is taken to reduce the risks of injury to 

all who have a legitimate purpose to be on those premises. 

We have considered the resilience of churches and the risk that they will not meet their 

assessments. We judge that there are sufficient resources to cover any probable shortfall in the 

following year. 

The Circuit operates within a statutory framework of regulation and seeks to ensure that it follows 

Methodist standing orders. It relies on the Connexional Office to provide guidance on changes 

that could affect the Circuit. 

Trustees’ Expenses 

With the exception of the ministerial staff who can claim for travel expenses and a very small 

number of claims for reimbursement of small-value administration costs, members of the Circuit 

Meeting received neither payment nor reimbursement of their expenses in connection with their 

function as trustees. 

Trustees’ Responsibilities 

The Trustees are required to prepare financial statements for each financial year which give a true 

and fair view of the Circuit’s financial activities during the year and of its financial position at the 

end of the year. In preparing these financial statements, the Trustees have: 

 

 

 

 

selected suitable accounting policies and applied them consistently using the accruals method 

made judgements and estimates that are reasonable and prudent 

followed applicable accounting standards 

prepared the financial statements on the going concern basis. 


The Trustees are responsible for keeping proper accounting records that disclose with reasonable 

accuracy at any time the financial position of the Circuit and enable them to ensure that the 

financial statements comply with the law. They are also responsible for safeguarding the assets 

of the Circuit and hence for taking reasonable steps for the prevention and detection of fraud and 

other irregularities. 

Trustees have a right to advise the independent examiner of their concerns but none has done so. 

CLT concludes, therefore, that there are no issues to be advised to the independent examiner. 

Following advice from Connexion the Trustees have produced a Health and Safety policy for the 

Circuit that will be regularly reviewed. 

Financial Review 

The Circuit prepares accruals accounts. They are not a consolidation of the accounts of churches 

in the Circuit. The Circuit budget is prepared by first anticipating the expenditure for the 

forthcoming year and then determining how that sum will be raised. About 80% of the income for 

the year 2011-12 came from the individual churches within the circuit. 

Grants received were all from the Beds Essex and Herts District and were individually earmarked 

for projects within the circuit. The Circuit added nearly £2 for each £1 received from the District. 

The Circuit Meeting agreed that £25k (about 15% of the reserves) should be transferred from 

reserves to offset the shortfall arising from the expenditure being greater than the income in 2011- 

12. During the year there had been a major refit of one of the five manses within the Circuit and 

this resulted in expenditure on manses being nearly five times that of the previous year. This 

meant that the reserves fell by 7.5% during the year. 

The expenditure during the year on manses was written off and not capitalised. Reserves not tied 

up in fixed assets exceeds £300k at the year end. At no time during the year was the circuit 

insolvent either in terms of its assets or in terms of its ability to pay its debts as they became due. 

All funds are unrestricted. 

Reserves Policy 

Background 

The Circuit seeks to use its financial resources wisely and to predict future needs for capital 

expenditure on churches, manses and projects. Many of our churches are local ecumenical 

projects (LEPs) where two or more denominations work together, often sharing the same premises 

and worshipping together. 

Grant Support 

By way of annual or one-off grant, North Hertfordshire Methodist Circuit supports several churches 

within the Circuit by contributing to the cost of specific projects, especially for mission, sometimes 

for as long as five years. The Circuit does not generally support the normal running costs of any 

church. 

Before committing to a grant, the Circuit believes that it is prudent to ensure that it has sufficient 

resources to pay for all instalments of the grant. This is because the Circuit’s annual income and 


expenditure budget does not normally seek to make a surplus. No provisions are made for future 

grants. There is, therefore, no intended annual increase in the reserves. 

Capital Assets 

The proceeds of sale of the premises of any Methodist Church or manse within the Circuit is 

generally credited to the Circuit. There is, however, a substantial levy paid to the Connexion (the 

Methodist Church in GB) so not all of the proceeds are received by the Circuit. 

Funding of the Circuit’s costs 

This is achieved by making an assessment on each church within the Circuit. If any church were 

to close, that church’s assessment would not be paid to the Circuit. The Circuit’s costs – 

principally the stipends of the ministers – would continue and there may be a need to draw on 

reserves to meet the shortfall in income. 

Existing Commitments 

The Circuit has committed the following grants out of its resources: 

St Hugh and St John, Stevenage: £500 pa for five years for their Launch pad from 1 September 

2007. 

Christchurch, Hitchin: £5,000 pa for five years for a youth worker from 1 September 2008 

Norton Methodist Church, Letchworth: £3,000 pa to support a lay worker for five years from 1 

September 2009. 

The total outstanding liability for these grants at 31 August 2011 was £11,000 It should be noted 

that, in all cases and at a certain point in the progress of the work, a report is required from grant 

recipients before a further instalment of grant is paid. 

Annual costs 

The Circuit believes that it should ensure that it has reserves sufficient to cover the stipends of its 

Presbyters and Deacon for the full ensuing year but not to meet any redundancy pay should this 

be payable. At 31 August 2012, this sum is estimated at £100,000. The part time Circuit 

Administrator is employed by the Circuit, with an associated annual cost of £7,000. 

Other costs of the Circuit are estimated at £80,000 for a full year. The Circuit deems it prudent to 

hold sufficient to cover these costs for six months, ie £40,000. 

The total of these possible costs is £158,000 and current reserves exceed that amount. 

Upgrading of manses 

The Circuit recognises its responsibility to provide adequate accommodation for its staff. Over the 

last few years the Circuit has spent sums as necessary rather than as may be desirable. 

As at 31 August 2012 the Circuit anticipates that it will, over the following year, spend £20,000 on 

capital projects at its five manses. 


Other Future Costs 

The Circuit has appointed a part-time Circuit Administrator during 2011-12. This is funded for the 

first five years from our Circuit reserves. The estimated cost over a five year period is £35,000. 

Free Reserves 

Free reserves, ie excluding the sum tied up in manses, at 31 August 2012 totalled £327,000, 

which is about twice the sum needed to be in accordance with our policy. Some of these reserves 

will be used for projects around the circuit. The budget for 2012-13 anticipates that income will not 

meet planned expenditure. Trustees are aware that this cannot continue for more than the medium 

term. 

Approvals 

The Trustees' Report and the Financial Statements were approved by the Circuit Meeting, held on 

20 March 2013 at Norton Methodist Church. 

Rev Malcolm Peacock 

Superintendent Minister 

John Chastney 

Circuit Treasurer 

Date: 30 th March 2013 


Circuit 

Accruals Accounts 

2011-2012 

THE METHODIST CHURCH 

STANDARD FORM OF ACCOUNTS 

ACCRUALS BASIS 

for the year ended 31 August 2012 

North Hertfordshire 


Registered Charity - Registration number 

1133930 

This will apply to all Charities in Scotland and all Charities in England and Wales which are Registered Charities 

Bedfordshire, Essex and Hertfordshire 

District Circuit No 34 / 15 

Ministers 

Rev Andrew Maguire (Superintendent) 


Deacon Sheralee Devitt 

Rev Bob Forrest (part time) 

Circuit Stewards 

Doreen Archer 

Brian Burgess 

John Chastney 

Helen Dearn 

Frank Needham 

Matthew Pearson 

Circuit Treasurer 

John Chastney 


Statement of Financial Activities (SOFA) for the year ended 31 August 2012 

General Fund 

(Unrestricted) 

Circuit Model 

Trust Fund 


Restricted Funds 

Endowment 

Funds 

North Hertfordshire Circuit 

Totals this year 

Previous year 

totals 

£ £ £ £ £ £ 

Incoming Resources 

1 Assessment or Share 171,618 171,618 207,406 

2 Capital Receipts 

3 Interest and Investment Income 1,289 4,390 5,679 5,396 

4 Grants 13,000 13,000 16,150 

5 Lettings 14,400 14,400 14,400 

6 Other Income 3,041 3,041 25 

7 Internal Organisations 

8 Contribution to Manse Refurbishment 10,000 10,000 

9 Contribution to Removal Costs 789 789 

10 Total Incoming Resources 214,137 4,390 218,527 243,377 

Resources Expended 

11 Stipends, salaries, NIC & Pension costs 99,399 99,399 122,337 

12 District Assessment 35,973 35,973 37,654 

13 Methodist Church Fund 

14 Telephone & travel 15,198 15,198 13,309 

15 Insurance, utilities, etc 4,628 4,628 4,862 

16 Maintenance on manses 46,592 46,592 9,770 

17 Expenditure on other Circuit property 

18 Depreciation 

19 Provisions 

20 Other Expenditure 8,420 467 8,887 17,147 

21 Grants and Donations 22,200 10,000 32,200 29,650 

22 Contributions to District Advance Fund 

23 Internal organisations 9,594 9,594 11,043 

24 Total Resources Expended 232,410 20,061 252,471 245,772 

25 Net Incoming Resources -18,273 -15,671 -33,944 -2,395 

26 Transfers between funds 25,000 -25,000 

27 Sub total 6,727 -40,671 -33,944 -2,395 

28 Gains and losses on investment assets 115 115 55 

29 Net investment in funds 6,727 -40,556 -33,829 -2,340 

30 Total funds brought forward 191,202 268,625 459,827 462,167 

31 Total funds carried forward at end of 

year 197,929 228,069 425,998 459,827 

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 

3228 2784 

3228 2784 

Balance carried forward 


Balance Sheet as at 31 August 2012 


General Fund 


Circuit Model 

Trust Fund 


Other Funds 

(Restricted) 

Endowment 

Funds 

Totals this 

year 

Totals last 

year 

Tangible Fixed Assets* 

£ £ £ £ £ £ 

Manses etc 1,349,962 1,349,962 1,349,962 

Investment properties 

Investments 

Current Assets 

Total fixed assets 1,349,962 1,349,962 1,349,962 

Debtors and Prepayments 30,290 30,290 27,577 

Central Finance Board and 

Trustees for Methodist Church 

Purposes deposits etc 116,307 228,069 344,376 374,710 

Cash at Bank and in hand 3,506 3,506 7,428 

Total current assets 150,103 228,069 378,172 409,715 

Creditors and Accruals (due in 

under 1 yr) 49,371 49,371 46,445 

Net current assets (liabilities) 100,732 228,069 328,801 363,270 

Total assets less current 

liabilities 1,450,694 228,069 1,678,763 1,713,232 

Loans and creditors due after 1 

year 

Provisions for liabilities and charges 2,000 2,000 2,640 

Funds of the Circuit 

Net assets 1,448,694 228,069 1,676,763 1,710,592 

General Fund (Unrestricted) 1,448,694 1,448,694 1,441,967 

Circuit Model Trust Fund 

(Unrestricted) 228,069 228,069 268,625 

Other Funds (Restricted) 

Endowment Funds 

*Details - see page 6 

Total Funds 1,448,694 228,069 1,676,763 1,710,592 

Summary of the Internal Organisations reporting to the Circuit Meeting. Note that the funds of an Internal Organisation would normally be 

Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. 

Internal Organisations 

Opening 

balance 

Receipts Payments Net Receipts/ 

Payments 

Adjustments 

Closing 

balances 

Total 

Total Receipts Total Payments 

Continue on a separate sheet if necessary and bring the totals forward. Transfer Totals of Receipts and Payments to the SOFA 


Notes to the Accounts 



1 Basis of accounting 

These accounts have been prepared on the basis of historic cost in accordance with Statement of Recommended Practice (SORP 

2005) and the Charities Act 2011. The format of the SOFA and balance sheet takes advantage of the small charity concessions set 

out in the SORP. The comparative figures (ie for the year to 31 August 2011) have been restated by increasing the debtors and 

creitors to be on the same basis as the current year. 

2 Funds 

All the funds are unrestricted and constitute: General Funds held for any purpose of the Circuit and The Circuit Model Trust Fund 

(CMTF) which has wide purposes defined in Standing Orders. The CMTF is held by The Trustees for Methodist Church Purposes 

who invest through The Central Finance Board of the Methodist Church. 

3 Accounting policies 

Incoming Resources 

These are included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, the trustees 

are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. 

Resources Expended 

Expenditure is recognised when a liability is incurred, or a constructive obligation arises that results in the payment being 

unavoidable. 

Liability recognition 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Circuit to pay out resources. Future 

income has not been anticipated (SORP 2005). There is no provision for future grants which are quantified in the Annual Report. 

Tangible fixed assets for use by the Circuit 

Tangible fixed assets consist of five manses which are believed to be shown at original cost. There has been no recent valuation 

or estimate of rebuilding cost but the trustees believe that the aggregate market value of the manses is at least the book value 

shown in the balance sheet No provision has been made for depreciation. 

Debtors and Prepayments 

These are the amounts owing to the Circuit and include prepayments made by the Circuit during the year for services to be 

received after the year end. 

Creditors and Provisions 

These are amounts owing by the Circuit and any amounts accrued as due in the following year The provision is designed to 

smooth over several years the cost of removal expenses for ministers coming to the circuit. 




4 Payment to Trustees 

This year 

Last year 

No payments have been made to trustees during the year for their work as trustees although some have 

been reimbursed their expenses. 

£ 

Number of trustees who were paid expenses 

Nature of the expenses 

Total amount paid 

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 

£ 

£ 390 373 

£ 

Nil 

Nil 

6 Paid 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 

£ 

£ 

£ 

£ 

74,680 91,527 

6,233 7,909 

18,486 22,901 

99,399 122,337 

Average number of full-time equivalent employees in the 

year were: 4 5 

7 Capital Commitments and Contingent Liabilities 

There were no capital commitments or contingent liabilities at the year end or at 31 August 2011 

£ 

£ 


Tangible Fixed Assets 

Cost or valuation 


Manses etc 

Other land & 

buildings 

Other fixed 

assets including 

motor vehicles 

Fixtures, 

fittings and 

equipment 

Payments on 

account and 

assets under 

construction 

£ £ £ £ £ £ 

Balance brought forward 1,349,962 1,349,962 

Additions 

Revaluations (+/-) 

Disposals (-) 

Transfers * (+/-) 

Balance carried forward 1,349,962 1,349,962 

Accumulated depreciation 

**Basis SL or RB SL or RB SL or RB SL or RB SL or RB 

** Rate 

Total 

Balance brought forward 

Depreciation charge for year (-) 

Revaluations (+/-) 

Disposals (-) 

Transfers* (+/-) 

Balance carried forward 

Net book value 

Brought forward 1,349,962 1,349,962 

Carried forward 1,349,962 1,349,962 

* The "transfers" row is for movements betw een fixed asset categories. 

** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the rate of depreciation: for straight line, 

depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is made each year. 

Investment assets 

Market value 

at year end 

Income from 

investments 

for year 

£ £ 

Investment properties 

Analysis of investments 

Investments listed on a recognised Stock Exchange or held in common investment funds, open ended 

investment companies, unit trusts or other collective investment schemes 

Securities not listed on a recognised Stock Exchange 

Cash held as part of the investment portfolio 

Other investments 

344,376 5,679 

Total 344,376 5,679 

Change in investment values 

Carrying (market) value at beginning of year 

Add: additions to investments at cost 

Less: disposals at carrying value 

266625 

7627 

46298 

Add/(deduct): net gain/(loss) on revaluation (This should agreee with Line 21 in the SOFA) 

Carrying (market) value at end of year 

115 

228069 


Loans 

Source 

Purpose of loan 

Amount brought 

forward 

New 

borrowings 

Loan 

interest 


Repayable in 

the year 


Balance at 

year end 

Totals 

Repayment due 

Due within 12 months 31/08/2013 

Due between 1 and 5 years 31/08/2014 31/08/2015 31/08/2016 31/08/2017 

Due later than 5 years 

Note: the two totals X and Y must agree 

Endowment Funds 

Totals 

X 

Y 

Endowment Name 

How the capital is invested 

The current value of the 

capital 

Annual income 

What the income was used for 

Totals 

Restricted Funds 

Restricted Fund Name 

Opening 

Balance 

Incoming 

Resources 

Resources 

Expended 

Transfers 

Closing Balance 

Purpose of the fund 

Totals 

The reasons for the transfers between funds were as follows:

North Herts Methodist Circuit - The Methodist Church of Great Britain

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