East Mercia Methodist Circuit Reglstered Charlty Number 1132523 Trustees, Report and Audlted Accounts for the year ended 31 August 2024
Po9v2 East Mercla Methodlst Cireult Trustees, Report for the year ended 31 August 2024 nt oduc Thls report and Jccounts covers the year to 31 August 2024. The Circuit seeks to live out the calllnE of the Method15t Church to respond to the 8ospel of God's love In Chrlst nd to Ilve out its dlsclple5hlp and to.. increase awareness of God's presence and to celebrate God'5 love help people to grow and learn as ChrtianS through mutual support and care be a good neighbour to people In need and to challenge Inlustice The misslon of the East Mercia Methodist Circult Is to encourage and support people lo be open and responsive to God, each other and the world, In January 2024 the Clrcult Trustees agreed a Clrcult Mlsslon Action Plan whlch set the Clrcults pTlorltlÈs as It responds to the Intention of the Methodlst Church to become a growin8, evangelistlc, Snclusive and lustice-seeklng church. All the decislon5 that we make aboui how we excerclse mlnlstry across the Circult and use our resource5 wlll be 1n.tune with this. Revlew of the ear The Statement of Flnanclal Activities show5 a net deflcit on the General Fund, before other recogn55ed gain5 and losses, of £52,78912023'. surplus of £1.318,7291- This reflects a policy of spending reserves on new inltiatives to 5preJd the word of God. At the end of the year, total reserves were £3,650,43712023,. £3,877,150). Of that, £2,455,000 Is held In flxed assets SL¢ch as freehold and investment property, Income trends The principal funding sources durSn8 the year, excludln8 clrcult merger Items, were: l General Fund Assessments: recelved from the Churches in the Clrcult.. £341,499 12023: £334,175). 2 General Fund and Clrcult Model Trust Fund.. Investment Income: £12,995 IZ023.. £20.6871. 3 Rental Income from manses not required for Ministers.. E16.790 {2023: £24,893?. EM en Itur tre The principal item5 of expenditure were the stipends of minister5 and provlsion of their manse5, as well as the salarle5 of lay workers employed by the Circuit. Stlpends Increase each year In line wlth Increases approved by the Methodlst Conference. Lay workers are pald at or above the Llvlng W3ge Idetermlned each November by the Llvlng Wage Foundation). Lay worker salaries are revlewed annuaSly to take 4¢¢0unt of any chan8e In the scope and seale of responslblllties, Indlvidual performance and local comparators.
East Mercla Methodist Clrcuit Trustees, Report for the year ended 31 August 2024 (contlnued) Puge 3 Ex endSture trends continued Fund balances At 31 August 2024, net current asset5 were £1,235,115 {2023: £687,150). Plans for 2024 25 and future The Circuit intends to continue to fund normal operatlng costs from the assessments paid by the Churches, but will fund development work out of reserves. ears Basls of ardtion of accounts and le al framework The Charity's annual report and account5 for the year ended 31 Au8USt 2024 have been prepared in accordance with the Charitles Act 2011 and the Charities: Statement of Recommended Practice 2019 a5 applicable to the Financial Reportlng Standard (FRSI 102. re These flnanclal statements are subject to audit owlng to the gross asset value of the Circult exceeding the relevant threshold. Charlty regl$trntlon number. 1132523 Maln communicatlon address Rugby Methodist Church Centre. Russelsheim Way, Rugby, Warwickshlre, CV22 7TB
Pllgv4 East Mercla Method15t Clrcult Trustees. Report for the year ended 31 August 20241contlnuedl Char tnJ5tees The members of the East MeTcla Meihodist Cir¢uii meeling are the Charity Trustees, membershlp beln& made up of clrcuit gffke holders. mlnlstefs and reprc5entativ¢s appointed by rhe local chtJrches (see Appendix to Trustee&, Report Iof a lull list of Trustees). The Circuit meetlng dele8ates the day to day runnlng Df the clrcuSt to a leadeh[p team. Clrcult Leadefshi Team fort Acrlve Circuit ministers Yto31Au us 2024 Rev Andrtw Farrington- Superlntsndent Deacon Georgina Brooks Rev Nathan Falla Rev Andy Murphy Rev Noel Nhariswa Clrcult monoqer Katherlne Tennyson Clrcuitsteword5 Peter Arnold Marllyn Calvert Peter Canfllln Helen Cross (from Isth January 20241 Rlchard Hunlington luntil 15th January 20241 John Over Adrian Price (from 15th January 20241 Carolyn Rlce Clrcult stuff (not members of the circult leudershlp teLrml Carollne Barrntt Lynne Bone Susanne Cunnln8ham Flona Farrington Anna Glttlngs Ruth Henderson Katle Hitchcox Clare Plckerlng Mandie Prlce janet Tlmperlev Mellssa Wheeler Anthony OrT Peter Candlln acted a5 the prlnclpal officer overseeing th• day lo day flnancla5 management and accountln8 for the Clrcult durln8 the year. Audltors JW Nlnks LLP- Chartered Accountants and Statutory AudltEirs B•nkers Central Flnance 80OTd of the Method15t Church Trustees for MethDd15t church Purposès The COperatIVe Bank HSBC UK Ims an an The charlty'5 objective is to act as a resource provider In East Mercla for the Methodlst Church. The purp05e5 of the Methudlst Church are and shall be deemed to have been slnce the Date of Unlofi the advantement of.. al The Christian faith in a£cordan¢e wlth the doctrlnal 5tand?rd5 and dlsclpline ol The Method15t Chufth; bl Any charitable purpose lorthe tlme bein8 of any Connexional, Olstrlrt, Clrcult, local or other or8anisatlon of The Methodist Church,. cl kny tharitable purpose for the tlme belng of any society or In5tltutlon 5ubsldiary or ancillary lo The Methodlst Church., dl Any purpose for the tlme being of any tharity bein8 a charity subsidiary or ancillary to The Methodist Church.
Puye S East Mer¢la Methodist Circuit Trustees, Report for the year ended 31 August 2024 (continued) Alms and or anlsatlon contlnued The Circuit encourages and support5 the Methodist churches in East Mercia in: the organisation and resourcing of regular public acts of worship which are open to members of the church and non members alike. the teaching of Chr15tianity through sermons, courses and small groups. the resourcing of pastoral work including visiting the sick and bereaved. taklng religious assemblies in local schools. promotion of Chrlstianity through the staging of events and servlces. provision of clubs, activltles and 5UPPOrt groups with a Chrlstlan ethos. supportlnB Other charlties in the UK and overseas financlally and with prayer. The Clrcuit reviews it5 aims, oblectlves and activlties and identifles opportunitie5 for future action. It promote5 mlsslon and glves approprlate support to churches that demonstrate that they are outward looking, mission focused, not averse to chan8È and taking risk and. where posslble and 3pproprlate, seeking to work in partnership wlth others. Publlr Beneflt The trustees conflrm that they have had regard to the Charity Commisslon's guidance on publlc benef It. Structur Governance and Mana ement The governing document for the circuit is the Deed of Unlon119321 and Methodlst Church Act119761. Detailed governance arrangements are outlined withln the Constltutional Prartice and Di5clpllne of the Methodist Church by order of the annual conference ICPDI. Day to day mana8ement of the Circuit15 undertaken by the Circult Leadership team. Selectlon ol Trustees and Tralnln of Trustees Trustees are appointed a5 set out in the Constitutional Practlce and Olscipline of the Methodist Chur¢h, Appointment Is made by lotal churches or exlsting trustees or, in the case of minlsters, on statlonln8 in the Clrcult. A range of guldancE produced by Methodlst Connexlon to 5UPPOrt the effectlve running of the Circuit Is given to Clrcult Meeting members, in particular the leaflet 'The Role of a Trustee In The Methodist Church, 15 8lven to all new Circuit Meeting Members as Induction to thelr role as trusiees. Other tralnlng is provlded to Trustees appropriate to thelr role and responsibility wlthln the Circuit. Related Partle5 The Circuit is part of the Northampton Methodist Distrlct and Is also accountable to the Methodlst Conference. The following Methodlst Churches orbd Local Ecumenical ProSects ILEPI arè linked to the Circult.. Bllton, Broadwell, Burton Latimer, Kettering Central, Cornerstone Corby, Daventry. Desborough St Giles Church ILEPI, Hillmorton Paddox. Hillmorton Ouffy Place, Kibworth. Long Lawford, Lutterworth, Market Harborough, Naseby, Newbold Iclrcuit Project), Rothwell, Rugby, Maklng Connexions Icircuit Projecll. The trustee5 and their c105e family members are a150 related parties.
Poge 6 East Mercla Methodlst Clrcuit Trustees, Report for the year ended 31 August 20241contlnued) Risk Mana ement 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 compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process and avoid unforeseen calls on reserves. Safe uardin Every person has a value and dignity which comes dlrectly from the creation of all people bein8 made in God's own image and likene55. Christians see this potent131 as fulfilled by God's re-creation of us in Christ. Among other thing5 this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodlst Connexional practice outllnes commltment to the following prlnciples.. the care and nurture of, and respectful pastoral mlnlstry wlth, all children, young people and adults the safeguarding and protertion of all children, young people and adult5 when they are vulnerable the establishing of safe, ca ring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse. We will caref ul ly select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records dlsclosures and registration with the relevant vetting and barring schemes. We will respond wlthout delay tc every complalnt made which suggest5 that an adult, child or young person may have been harmed, cooperating wlth the pollce and local authority in any investigation. We wlll seek to work wlth anyone who ha5 suffered abuse, developing wlth them an appropriate ministry of informed pastoral care. We will seek to challenge any abuse of power, especially by anyone in a posltlon of trust. We will seek to offer pastctral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, yOLtng person or vulnerable adult. In all these principles we will follow legislation, guidance and reco8nised good practice The Circuit commit5 Itself to ensuring the implementation of Connexional Safeguarding Pollcy., government legislation, guidance and safe practice in the circuit and in the churches. The Circuit commit5 Itself to the provision of support, advlce and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilitie5 in safeguarding and promoting the welfare of children and adults who may be vulnerable.
East Mercia Methodist Circuit Trustees. Report for the year ended 31 August 2024 Icontinued) Reseryes Poll The Reserves Pollcy for the Circuit is to hold a minimum sum equivalent to 4 months, average expendlture. Thls should be suffldent to meet any unforeseen Item of major expendlture on manses and contlnue planned actlvltles for the short term In the event of any inabillty to ralse the full clrcult assessment from churche5. At 31 August 2024, the Clrcult held unrestrlcted reserves of £1,483,034, excludin8 reserves held as tanglble flxed assets. Of thls, £1,422,9661s the value of the Investment propertles due to be sold. Thus the cash reserves of £106,518 held by the Clrcult represents £46,450 In excess of the amount detemlned under the Circuivs resebves policy. The arcult contlnues to develop a strategy to utlllse surplus reser¥es for the furtherance of Its obJertlves.
Poge8 East Mercia Methodlst Circuit Trustees. Report for the year ended 31 August 2024 (contlnued) ststement of Trustees. Respon51bilities The tru5tee5 are responsible for preparin8 the Report of the Trustee5 and the financial statements in accordance with applicable law and Unlted Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice). The law applicable to charitles in England and Wales, the Charltles Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provislons of the trust deed requlres the trustees to prepare financial statements for each flnancial year whSch give a true and falr view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expendlture, of the charity for that period. In preparing those financial statements, the trustees are required to; select sultable accountlng pollcles and then apply them conslstently; observe the method5 and princlples in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basls unless It is inapproprlate to presume that the charity Wfll continue in busine55, The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the flnancial position of the charity and to enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charlty {Accounts and Reports) Regulations 2008 and the provlslons of the trust deed, They are also Tesponsible for safe8uardin8 the assets of the charlty and hence for takin8 reasonable steps for the prevention and detection of fraud and other Irregularltles. Approved by order of the board of trustees on 4 March 2025 and signed on it5 behalf bv: Trustee- The Revd Nothan Stuart Follo
App•ndxA Pw9 East M•rda Methodlst artuit ar1¢ M•et7 M•mbersNp MINISTERS Nathan Falla DÈacon Georgina Bro¢Jks Rev Andrew Fattlon Rev Andy Murphv Rev Noel NrI$a Chalr SUPERNUWRARIE MINISTERS O•vld Colllnson Jane Gaffney laln Rennlt TrevorThomas Allson Tomlln Davld Tomlln aRCUiTSTÉWARDS Peter Arnold Marllyn Calvert Petw Candlln Helen Cross RI(rd HuntlnRton John Over Adrlan Prke Carolyn Rlce CIRCUITMA14AGER Katherlne Tenny50n CHURCH REPRESENTATIVES Ebeneezer Amo-Balden stephen Arthur Pat 8a550n Lynn 81sckhur5t Da¥Sd Brlerley Judlth Brlerley Stuart Bussey Steven Burt Flona Clark50n Mlchael Curtls WendyCurtl$ Ruth Fltch Glllian Glenn Helèn Green Pettr Gre4nawav Ma8gle Hadklss Andrew HavMn5 Susan H*lnlnk Rlchard Huntlntton Ada-june Kuso8bo Derek LIH Michael Mar¥eits Jtanne Moore Petsr Mulr Roger Plper Peter5huker Karen Tomkln5 PatrfckToole Barbara Walker Susan Walter5 Howard Warrener Jeff Wells Ann Wlndow Angelawoollscroft
11 111111111 111 Iiiiiilliuiiiilliii . Iiiiiiiiiiiiiiiiiiiiiilliiiiiiii
11111 11111 IL, uiii 11111 11114 11111 Iiiill 11111 ulu 11 11111 1111 11 111
12 East rtia Methodist Clr¢ult Cash Flow Statement fur the year ended YI August 2024 2024 2023 Net lexpeThdlturel I Income loi the reporting perSod 1126,7131 I,S68,226 Adjustments for.. Losses on Investments IJKrease In debtor% Inu?ase In creditars 92.926 15,9241 6.392 234,485 17.4681 20.403 Clth nows from operaiini •dl¥ltles 95,394 247.420 vesiin Purchase of iangible fixed as5e15 PrD¢eeds from sale ol i$$et5 Assets acqulred on clrcuSt mèr8•r Proceeds ffom now loans 1420,0001 65.502 11,295,000) 405,000 N•tcash us•d In In¥•rtlrw artlvlll 11,715.0001 Ch•np In c•sh Jnd cash equivbknnts In th* reportSn8 perlod 1110,8171 100,646 C•sh •nd cash equlvalents •t Ibe bEtInnI of th• feportln¢ perlod 334,737 234.091 C•sh 4nd <Jsh equhalents at the end of th• reportln8 perlod 223,920 334,737 se Cash ai bank and in hand 223,911 334,737 334,737
Pu9e 13 East Mercia Methodist Circuit Notes to the Accounts for the year ended 31 August 2024 l. Basi5 of accountlng The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 "Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparlng their accounts with the Financial Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFRC 1021 (effective l January 20191" Financial Reportlng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. 2. Publlc benefit entlty The charity constitutes a public benefit entity as defined by FR5 102. 3. Consolldatlon The Circult has denominational regulatory overslght in respect of the work of most of the Churches within the Clrcult but has no legal or operatlonal control of those Churches and their governlng bodies except in extreme circumstances. For thls rea50n, the flnancial statements of those Churches within the Circuit are not consolidated into these financial statements. 4. Accounting pollcles i. Income Recognltlon Income is brought into account when the Circuit becomes entitled to the resources and the Trustees believe It is more likely than not that they will receive the resources, and the monetary value can be measured with sufficlent reliabilltv. In accordance, with Charities SORP I FRS 1021, the time of volunteers Is not reco8nised, 11. Expendlture and Ll•bllltles Liabllitles are recognised where It Is more likely than not that there Is a legal or constructive obligation committing the Trustees to pay out resources and the amount of the obligation can be measured with reasonable certaintv. 111. Grants Where there are no conditions attaching to a grant made by the Circult from it5 own funds, the grant is recognised in full at the tlme of agreement to make the grant. Where the Circult gives a grant with conditions for its payment, belng a specific level of service or output to be provided, the grant is only recognised In the SOFA once the recipient of the grant has provided the specified service or output. When the grant to be accured occured over more than one year, the balance payable in future years Is treated as 3 provision for future commitments in the Balance Sheet against the appropriate fund, the provislon being released in future years as instalments are paid In accordance wlth the orlginally agreed terms. Iv. VAT Since the Circuit is not VAT reglstered, all input VAT is charged with the expenses to which it refers.
Pu9¢ 14 East Mercia Methodist Circult Notes to the Accounts for the year ended 31 August 2024 4. Accounting policies (contlnued) v. Tanglble fixed assets These are capitalised if they can be used for more than one year. and individually cost at least £500. The freehold property held at 31 August 2024 15 shown in the accounts at current market value following the circuit merger in the prlor year. The land component of the freehold propety is deemed to be £50,000 per property. No depreciatlon is provided on property because the Trustees conslder the current residual fair value of the property in its present condition to be not less than the value at which it is stated In the balance sheet and, in the absence of any evidence of impairment, any depreciation for the bulldings cornponent of the property would be immaterial. vl. Investment propertles From time to tlme the Clrcult may hold resldentlal property Iformerly manses) which Is surplus to Its normal stafflng requlrements. Where this is the case and the property Is deemed not to be held for the long term purposes of the Circuit, the property is designated as an Investment property. v51. Propertles held for Sale From time to time the Circuit may be required to assume responsibility for Church premlse5 and redundant manses followin8 closure and cessation of worship. This results in the Circuit Trustees becomlng the managing trustees for the property so that the Trustees declde whether the property can be used In a different way to further the mission of the Circult or whether it Is redundant and should be sold. If a decislon Is made to sell the property, it is classified as a current asset Investment. Simllarlyl any other property held for resale would be a current asset Investment. Such properties are recognlsed as an asset at its anticipated net sale price as determined by a profes51onal valuation and after taking account of the levy to be charged by the Connexion. Any expendlture on the property that is likely to enhance its sales value 15 capltalised at the time that the expenditure is incurred. Where proceeds are intended to be spent on activltles, the property is Included in assets at the lower of cost and net reallsable value. vili. Debtors, creditors, bank and cash Debtors are Stated at settlement amount or amount advanced by the charlty. Subsequently they are measured at the cash or other consideration expected to be received. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or the amount advanced to the Circuit. Subsequently creditors that are current liabllities are measured at cash or other consideration expected to be paid. The liquid funds of bank balance5 and deposit fund balances are shown at their realisable values, Ix. Methodlst Connexlonal Funds The Methodist Church Connexion raises assessments against Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District remits to The Methodist Church Fund most of the sum received from Circuits. A small sum is retained by the District to meet its own costs.
Poge 15 East Merda Methodlst Clrcult Notes to the Accounts for the year ended 31 Au8USt 2024 4. Acawntlng pollcles (continued) x. Mln5ster5' Manse Costs The Circuit is required to provide accomodation for each minlster in the Circuit and their fami1Ses and ministers are expected to occupy the manse provided for them. The Circuit bears the cost of repairs, maintenance, bulldings Insurance, Council Tax and water charges, 35 well as the cost of ministers, removal to the Circuir, Where any manse costs are viewed by HMRC as taxable benefits to the minlster, the resultlng employer Nl charge is included as part of the Nl cost for the year. S. Asse55meiits from Churches At the year end the Circuit comprSses 14 churches which are 355essed for a contrlbution to mert the overall net core, ongolng costs of the Circuit. 33% of the assessment is apportioned to the Churches on the basis of their 3djusted income. 33% on the basis of thelr unrestricted reserves and 33% on the basi5 of their members. Ye•r ended 31.8.24 Year ended 31.8.23 Bllton 8roadwell Central with 8urton Latlmer & Naseby Chrlst Church, 8rownsover ILEPI Corby4 Cornerstone Daventry Desborough St Gile5 Church ILEPI Hilmorton Paddox with Duffy Place Klbworth Long Lawford Lutterworth Market Harborou8h Na5ebv Rolhwell Rugby Methodist ChurGh Centre 18,915 6A07 36,588 19,616 S,735 33,760 4,536 14,993 35,991 15,479 32.135 17,712 6,027 18.807 47.100 5,640 20,2SO 56,394 Di55olved durlng 2022123 16.492 39,590 15,970 35.348 19,485 6,630 16,926 4441 Mer8ed th Central 202314 22,275 62,032 341,499 334,17S Year ended 31.8.24 Year ended 31.8,23 6. Don•tlons Donations recevied Other Income 14,352 1,022 15.374 28,593 10,327 38,920 Year ended 31.8.24 Year ended 31.8.23 7. Grants District A55essment Fund grants received Lay employee grants received Other grants recelved 14,000 41,030 29,616 84.646 15,000 59,544 23,130 97,674
PoqeI6 Eart Mer¢la Methodlst Clr¢ulr Notss to the Accounts for tho year ended 31 AuÈust 2024 . Ltttlngs Lettings income felates to manses that are not reyuired to house Clrcuft ministers in the shortterm and the manse has been let to tenants. LÈttin% Income Is shown gross otfees and commls51on. The Trustee5 conslder that is Ilkely that these maThses )ie likely to be returr4ed to use as manses in the for5e*able futurè $0 remaiTr designated tangible flKed a55ets. 9. Other Incomefrnm ¢h•rltJble irtlvltles Ye•r •nded 31.&24 Year ended 31.8.23 G•neral Fund Clrtylt Model Trust Fund Rertrfcted Fund Capltal recelpt5 for sale of church As$et5 lThtrodu£ed on circult rnerler Other tharltsble Income Your Local Pontry Release of ltsan repayments 300,000 16110 1,728.299 12,228 811 4.02Z 5,172 16.Ca) 12.168 1.660 12.168 4,022 17.850 2.050.282 Year gnd•d 31,&24 Year ended 31.8.23 10. Int•r•rt rtt•lvable Gen¢r• Fund Clr¢ult Mod•l Trust Fund Endowm•nt Fund Central Flnance eoard Trustees for fvlethod15t Church Purposes 3,716 3,716 9,137 11853 6,073 14,619 20,692 9.111 9,Lll 3,716 26 11. Stlp•nds, LIrI and Ayo£l•t•d costs Staff costs pald durln8 the year wtre,, Y••r •nd•d 31.U4 Year ended 31.8.23 Admlnlst. r•tlo Mlnlsten MIson staff Tot•1 Totsl Gf05S Stlpends and salarle5 Employe¢s Natlonal Insurance c05t5 Pension costs Apprentlceshlp Levy Totsl staff costs 148.104 15,132 39.059 778 203,073 101,997 4.795 3.710 5f>S 111,067 25,684 275,785 240,822 1,433 21.360 18,561 1,077 43,846 41,111 143 1.486 1,250 18.337 342,477 301,744 Awrw number offull tlme e4ul¥•l•nt numbqr of •mploy•d durlni th• y••r w•r•: Mlnisters Mlssion staff Admlnlstratlon SJXI 00 8.00 2.00 15.(N) 10.00
Poge17 East Mercia Methodist Clrcuit Notes to the Accounts for the year ended 31 August 2024 11. Stlpends, Salaries and Assoclated costs Icontinued) No employees received employee benefits that totalled more than £60,000. There Ss no accrual for holidav pay as it Is immaterial. All staff are paid at or above the living wage as calculated by the Living Wage Foundation. Methodist Ministers are not employees of the Methodist Church although for simplicity, when accounting for National Insurance and pension contrlbLJtions, the term5 employer and employee are used as thev would be in an employing bodv. Contributions are made to the Methodist Ministers, Pension Scheme for all ministers. This is a defined benefit scheme whlch is accounted for in the financial statements of the Methodlst Church in Great Britian. This scheme is in deficit but a plan for the removal of the deficlt is being implemented. Lay workers have the optlon of joining a defined contribution pension Scheme which the Circuit has set up with NEST. Each minister is entitled to a 3 month sabbatical every 7 years and the expense5 incurred by the mlnister are met by the Connexion with the Circuit continuing to pay the stlpend, The Clrcult does not accrue for holiday pay cover as the remainln8 Staff cover as needed without extra pay. Payments to Trustees The superintendent Mlnister, other ministers of the Circuit and the Circult Stewards con5tltute the Circuit Leadership Team and are considered as Key Management Personel. The Superintendent chairs meetin8s of the Circuit Leadership Team and the Circuit Meeting. The Circult Leadership Team, together wlth church and other representatives, are members of the Circuit Meeting and are the Trustees of the Circuit. The stlpends, employer's Natlonal Insurance and employer's pension contrlbutlons and other expen5e5 of the ministers of the Clrcult are paid by the Circult, as determlned by the Methodlst Church, and are separately disclosed as Part of staff costs above. Manses are provlded by the Clrcult and the Circult maintalns the property. Year ended 31.8.24 Year ended 31.8.23 Payments rnade to trustees who are part of the leadership team Travel expenses Phone expenses Payments made to trustees who are not part of the Circult Leadershlp Team for additional services - preachi ng fees and related expenses Number of trustees who were paid expenses Year ended 31.8.24 Year ended 31.8.23 12. Fees for audit of the accounts Audit fees 5,640 5,640
PoqeJ8 East Mercia Methodist Clrcuit Notes to the Accounts for the year ended 31 August 2024 13. Tanglble Fixed Assets Churches Manses Total Cost or valuatlon Balance at I September 2023 Additions Transferred to assets held for resale Balance at 31 August 2024 250,000 2.175,000 450,000 1420,0001 2,205.000 2,425,OlJO 450,000 1420,0001 2,455,000 250,000 Depredatlan Balance at I September 2023 Charge of year Balance at 31 Au811St 2024 Net book value At 31 Au8USt 2024 At 31 August 2023 250,000 250,000 2,205,000 2.175,000 2,455,000 2,425,000 8asl$ of dftpr•¢latlon not not depreciated depreciated Churches at 31 August 2024 comprlse: Newbold Methodist Church Manses at 31 August 2024 comprise: Dunsmore Avenue, Rugby Hall Close, Kettering Farndale Vlew, Market Harborough Ourrell Drlve, Rugby Abbotsbijry Drive, Daventry Durlng the year ended 31 August 2023, professlonal valuatlons were obtalned on all churches and manses, and a further professlonal valuatlon durin8 the year ended 31 August 2024 on the manse5 recorded wlthin current asset investments. Each property is deemed to have a land component of £50,000. 14. Investment Property Cost or valuatlon Balan at I September 2023 Transfer to current asset Investments Balance at 31 Au8USt 2024 765.000 1765,0001 Durlng the year ended 31 Au8USt 2023, professlonal valuatlons were obtalned on all Investment properties. 15. Current Asset Investments 8alonce at I Septembor 2023 Transfer frorn tangible f ixed assets Transferfrom investment property Capital proceeds Revaluation loss on property Balance at 31 Au8U5t 20Z4 396,394 420,000 765,000 165,5021 192,9261 1,42Z,966
Pw19 East Mercla Methodls¢ Urcult Plotes to the Ac¢ounts forthe yeor ended 31 Au8USt 2024 16. Debtors JIAu8urt 2024 31 August 2023 Prèpayments accrued irtcome 29M83 23,159 17. Crtdltors due In less than one y¢ar 31 August 2024 31 August 2023 CMTF loan Accruals and deferred nmÉ d05,000 75.533 480,513 67,140 67. 140 Genéral Unrestricted UnltrIcted Funds CMTF Funds ReArfcted Funds Endowment Funds Toial 18. R•s•r¥e$ Al I Septembtr 2023 lexpendlturel / Incom• forthe ye¥r Transler between funds At 31 Au8usl 2024 3.699,251 1145,7151 165.5021 3,4g8,034 124,086 167.9081 65.502 121.680 53,329 113,09Jl 3,877.150 1226.7J31 3,650,437 40.259 The PUfPQ5e of the General UnrÈstrftted Fund Is for use at the dlscfetlon of the Trusiees In ihe furtherancg ol the oblertlves of the arcult. About 85% of thls fvnd 15 held as freehold PToperty and so Ss not available to mèet expenditure In the short term. The purpose of the Clrcult Model Trust Fund ICMTFI Isfor use at the discreilon ol the Tru>tees IA th¢ furtherance of the obltalves of the Circult. its main sourc¢ of income Is coniflbuilons from ihe Sale of manses and church buildlnBs in the Or¢ul¢, after ¢entriburlons and levie5 to tht cOnnlon determined by the Methodist Churth. AlthoLt8h technlcally an Unfe5trScied Fund undor the control of rhe Clrcuit MeÈtin8, Pflor approval Is stlll requlred Irom the 015trfct to uilllse the fund5. The puip05è of tli• Restria•d Fund is to supportthe work of the lay M15510Th Staff active in Churche5 around the ClrculL The purpose otth* Endowm•nrt Fund Is to support mlsslon work the wldw Methodlst Church.
Pogezo East Mer¢la Methodist Circuit Notes to the Accounts for the year ended 31 August 2024 19. Related party transactlons Year ended 31 August 2024 In¢trme Paid to or from goods related provided party to related party Year ended 31 August 2023 Income Paid to or from goods related provided party to related Party Name of related partv Relationshlp De5ulption of transactlon Methodist churches wlthin the East Mercla Circult Northampton Methodlst D15trlct Churche5 wlthln the Clrcult Asse55ments Ishare of circult costsl 341,499 334,175 Methodist Di5trlct In whlch the Clrcult Is located District Advance Fund contrlbutlon 3,704 105,835 Northampton Methodlst D15tr1ct Methodlst District In whlch the Clrcult is located D15trl¢r contributlon5 and expenses 79,260 71,584 There were no amounts owed to related parties at the year end. There is an amount of £67,51112023: £55,045) within creditors In respect of deferred clrcult assessments. 20. Operatlng Lea5e$ The rnlnlmum future lease payments receivable under non<ancellable operating leases ending no later than one year from the balance sheet date Is £nll12023.. Énlll. 21. Contlngent Llabllltles and Capltal Commltments At 31 August 2024 the Circult had no ¢ontigent liabllltles or capltal commitments.
Poge 21 East Mercia Methodist Clrcult Declarations Treasurer I confirm that these accrual based accounts for the year ended 31 August 2024 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: PAQdQ. Date: 4 March 2025 Name of Treasurer.. Peter Candlin Rugby Methodist Church, Russelsheim Way, Rugby, Warwlckshire, CV22 7TB Address: Authorlsatlon by the Clrcult Meetlng I confirm that the annual report and accounts for the year ended 31 August 2024 were presented to the Circult Meeting at its meeting on 4 March 2025 and that the Trustees authorlsed the Chair of the meeting to sign the account5, Signature of the Chair of the meeting: Date,. 4 March 2025 Name of the Chalr of the meeting: Rev Nathan Falla
Page23 Ind•pendent Auditorfs Ileportto the Trustee5 DI $t Mercia Mhodlst Clrfult OplnkD We hawe audited the Ilnanclal sratements of East Mercia Methodisi Clrcult Ithe'charltll for the year ended 31 August 2024 which compr15e of the Stèiemenr ot Flnanc131 Acilvltles. 8alance Sheer and notes tothe flnandal statements, Including a summary of slgnlfitant accountinE polltles. The financial repornin8 framework th4t has been applied In their preparation Is applicable law and United Kln8dom AcEtJuntin8 Stiindard5. lThcludiTrg FiTranclal Reportln8 Standard 102 The Flnonclal Reporting Stondorduppllcoble In the UKond Republlc of Irelund IUnTrted n&dorn Generallv Accepted Accountin& PrBItllEI. In our oplnlon the financlal 5tatements'. 81ve a true and falr view of the state ol the charlvs affairs 35 at 31 Augvst 2024, and of its Incornlng resources and appllcation of resource5, Includln8 Its Income and expendSrure, for the year then ended,. have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accountlng Pracilce,. and have been prepared in accordance wlth the requiremenis of the Charllles Act 2011. 80513 for opthlon We conducted our audlt In accordance wlth InteTnational 5tandard5 on Audltlng IUKI IISAS IUKII and applleable law. OUT re5ponslbllitles under those standards are further described In the Audltorfs re5ponslbllirles for the audlt of the financlal statements section of our report. We are independent of the charity In accordance wlth the ethlcal requirements that are relevant to our audit of the flnancl81 statements In the UK, Includln8 the FRC'S Ethlcal Stsndard. and we have fullllled our other ethical responslblllties In accordance wlth these requlrement5. We bellove that the audlt evidence we have obtalned is suttlclent and appropiiate to provide a basls lor our opinlon. Conclu51ons ielatlttg to 8olni ¢oncem In auditlfi8 the flnanclal 5tatement5, we have concluded that the tru5lie$' use of the 8oln$ cOern b3515 of accountlng In the preparatlon of the flnanclal 5tatement5 15 approprijte. Based on the work we have performed, we have nDI Identlfled any materSal uncertalntle5 relatlng to events or condltl¢n5 that. Indlvldually or collectively, may tast 51inlflcani doubt on the charitable companvs abllltyto contlnue is a goln8 concern for i period ol at le35ttwelve months from when the Ilnanclal statements are author15ed lor155ue. Our responslbllltles and the résponsibllltles of rhe Irts5tees wlth respect to iolng ci)ncefn are descrlbed In the relevant 5ectlons of thls report. Other Inlormailon The trustees are pesponslble forthe other InlormatlDn. The other InfDYmatlon comprlses the Snformatlon IncludEd In the trustees annual report. other than the flnanclal statemant5 and our audltor's report Ihereon. Our oplrblon on the Ilnanclal Statements does notcover the oihef Info¥m•tlon and, except to the'exlefit otherwlse explicltly stated In our repgrt, we do not express any fomi of assurance concSuslon thereon, In wnne¢rion wSth our oudlt of rhe flnanclal st•tement5, our responslbllltyls to read the other Information and,1n dolng 50, conslder whether the other informatlon is materially Inconslstent wlth the Ilnanclal statements or Our knowledge obtalned the audit Dr ctherwlse ippear5 tg be materially mlsstatèd. If we Identlfy such materlal Inc0Tr5i5tènties or apparent materlal mlsstatements, we are requlred to determln• whether therè is a rnat?rial mlsstatement in the finhnclal statements cr a materlal mis5tatemenr of rhe other informatlon. If. based on the work we have performèd, w• conclude Ihot thÈrè Is a m•terlJl mlsststement of thls other Inform•tlan, we are requlrèd to report thit tacL. WE have nothlng to repori In thi5 regard. Matter5 on whl<h we ar• requlred to report by excepllon We have nothing to report in respect of the following matter5 Sn Telbtlon lo whlrh the tharles IAc£ounts and Reports) Re8ulatlons 2008 requ¢re u5 to report to vgu If, lrt our oplnlon.. the Informatlon glven In the financial 5tatement$15 in<on51Stent In any materlal respect with the trustees. report., or the charlty has not kept adequate accouDtinB records.. or the financlal 5tatEments are not In a8reernent wtth the accounting records aThd returns,. or we have not received all the Informaiffion and explanations we requlre for our audit. R•sptrnslbllltles of trustèes As explained more fully in th* tru5tees' responsibilities 5tatemenL. the IIu5teE5 are responslble for thE preparation cf the financial Statements and for being sarlsfled that theyglve a true and falr vlew, and for5uch Internal control a5 the trustees deterrnlne 55 necessary to enable the preparatlon of flnancial statement5 rhat are free from rnaterial m1$5tsternent, whethei due to fraud or error. In preparlng rhe finanrlal statements, rhe trusiee5 are responslble for a55e5slng the charlvs abllity to CDntlnue as a golng concern. disclosln& as appllcable. matters felated to going concern and uslng the going concern basls of accountin8 unless the trustee5 either intend to lipuidate the charlty orto ce35e operafions. or have no realistlc alternatfve but io do 50.
P89e 23 Audltorfs r¢spon51bllltles for thq audlt of the flnanGlal Statements We have been appointed as audltor under section 144 of the Charities Art 2011 and report In accordance wlth reEulatlon5 made under srftton IS4 of that Aci. Ouroblertlve5 are to obtain reasonable assurance aboth whether the finantial ststements as a whole are free fiom materlal misststement, whether due to fraud or eiror, and to issue in audltorfs rewrt that inclvdes our opitbion. Reasonable a5suranEe is a hlgh level of a5SUTance, but is Trot a gtsarantee that an audit conducted in accordance wlth 15AS IUKI will always detect a rnaterial rnisstaternent when it exists. Mis5taternents can arise from fraud or error and are considered Tnaterial if. indlvldually Dr In the ag8regite. they could fea5cnably be expecred to Snfluen¢e the economlc dec151ons ol usev5 taken on tho ba515 of thesefinancial statemen Irregularities, includin8 fraud. are instance5 of non-compliance wlth laws and regul8tlons. We deslgn pio¢edure5 in Ilne wlth our respon51billtie5, outlined above, to detect mBterial mlsststemerts in respect of Irre8ula¢ltle5, includln8 fraud. The eltent to whlch oJr procedures are capable of detectln8 irregularltles, includln8 fraud 15 detalled below.. We Identlfléd areas of laws and regulations that could reasonably be expected to have • materlal effect on the flnJn¢Sal statements and discu55ed the polldes and piocedures reBardlng compllance. Soeclftc areas consldered were a5 follows.. Enqulrlng wlth matsagement and othefs to Kaln an uThderstandin8 of the organisation ltselt inclu(SinK operatlons, linancial reportlng and known fraud or error. E¥Jluatin8 and under5tandlng the internal control systern. Performing anèlytical procedures as expected or unexpected varlances In account balances or classes of transoctlons •ppear. Testlng docurnentatlon supportlng account ba13nces or classes of tran5attlons. 8ocause of th4 Inherent limitations of an audit, there15 a rlsk that we wlll not det¥ct all Irregularltie5, includSn£ thcse leadlng lo a materlol mlsst•tement In the flnancl41 staternents or non-cofflpllènce wlth iesulation. Th15 risk Increasès the more that cornpllance wlth 3 law or re8ulation Is rerngved from the ev•ThtS and transactl¢ns reflected In the flnancTrol talemeni$. as we wlll be le55 Ilk•ly to be¢ome aware of Insian¢es of non- tompllance. The rlsk Is a15D Breater relardlng Irre8ularhle5 OCCUTrln8 due to fr•ud ratherthan error, a5 fraud Involves intentlonal ¢oncealménL lor8ery, wllusion, omlsslon ¢r msrepre5entatlon. A fvrther descflptlon of our re5ponslbllltles for the audli of the financial statèment$15 lotsted on thè Flnanc131 Reportlng CounclV5 webslte at.. https.'Ilwww.frc.or8.uk/Our-Work/Audii/Audit-and-a55uiancelStandards-and-8uidance/StaTrdard&.an%Y-guldance-Yor-audltor51Audltors- responsSbilities-for-audiVQ)escrlptlon-of-audltors.responslbllltle5-foT•audit.aspx. Thls de5crlptlon forms part of our audltoe5 report. We c¢)mrnunlcate with those charged vlith governance regardlng, among oiher matters, the planned scope and tlmlng of the audlt and signlficant •udlt flndln8s. Includlng any slBlltflcant deflciencles tn Internal control that we IdÈfttlfy durlng our audlt. Use ot Our r•port Thls report Is maoe Solely to the charl5 trustees, a5 a body, Irs actor6•nce wlth P•rt 4 of the Charitles IAccouDts and Reports) RÈBulatlons 2008. audlt work ha5 ben underraken $0 that we mllht state io the ¢harltys trustees those matters we are requ5red to state to them in an audltols report and lor no other purpDs. To the fullest extent p•rmlrted by law, wt do not •ept or assume respon5ibi15ty to anyore other than the charlty nd the ¢harlty'strustees as a body for our a(tdh work, for ihls report, or lor the opinlon5 we have lormEd. J L IW Hlnks LLP Chartered Accountants and Statutory Audltors 19 HIRhfield Road Edgbaston Blrmln8ham West Mldlands BIS 38H Date.. 4 March 2025