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← Canterbury And East Kent Methodist Circuit

2024-08-31-accounts

CANTERBURY AND EAST KENT METHODIST CIRCUIT

(Charity Registration No. 1132654)

FINANCIAL STATEMENTS

For the year ending 31 August 2024

CANTERBURY AND EAST KENT METHODIST CIRCUIT Trustees' Annual Report

Introduction

Our calling is to share the Gospel of Jesus Christ by encouraging, resourcing and enabling the people and churches of the Circuit to serve their communities and the wider world.

The Circuit came into being in September 2014, and was formed from the merger of three Circuits (Canterbury & Coastal, Thanet, and Dover and Deal Methodist Circuits). The new Circuit now comprises of churches covering the north east corner of Kent from beyond Faversham in North West down to Dover in the South East, including Methodist/URC and Methodist/Anglican partnerships. The Circuit also includes two Methodist Foundation Primary Schools and two independent Methodist schools, Kent College Canterbury and Lorenden. We also include Bradbury Grange MHA home.

Covering such a large and diverse area presents many challenges, but also many more opportunities. Canterbury is also home to three universities and its population is swelled by over 30,000 Students each year. The Circuit therefore has appointed a Deacon whose main ministry is to specially work with the Student Community.

We believe the Methodist Circuit encourages us to look beyond our individual congregations to give strength and mutual support to our large and small congregations alike, as we seek to embody the values of God's Kingdom and witness to the good news of Jesus Christ in the world.

Aims and organisation

Proclaiming the Gospel of Christ’s Love through Joyful Worship, Action in Service, and Life in Discipleship.

Brief financial review of the year

The circuit continues to bring together the three former circuits and to reshape for mission.

The finances of the circuit are in deficit but work continues to bring the accounts back into balance with meetings of the church treasuers.

Income trends

Circuit income is primarily drawn from the assessment paid by the circuit churches.

The rental income relates to the rental of a manse at Herne Bay together with a District Grant and funds from the Circuit Model Trust

Expenditure trends

Stipend expenditure has increased each financial year in line with conference approved increases. 13.5% of expenditure is the Circuit contribution to the District annd Connexion, of which a significant part is used to fund the work of the wider Methodist Church.

The other expenditure includes expenses on the ministers manses reference both capital and maintenance. Fund balances

As at 31 August 2024 the net current assets of the Circuit were £744,543 (2023 : £597,700), giving approximately 6 months cover for expenditure.

Plans for 2024/25

Circuit financial plans for the coming year have been prepared on the basis that there remains 5 full time Presbyters, 2 Deacons and 1.5 presbyters from other denominations with anticipated cost of living stipend increases combined with an increase in the assessment paid to the district. Circuit Churches are indicating that they will have difficulty in increasing their assessment. However discussions have started in order to address the shortfall in income of reduce the expenditure. 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 Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting S tandard(FRS) 102

Full Name of Charity: Canterbury and East Kent Methodist Circuit Registration Charity Number: 1132654

Date of registration : 11 November 2009.

Main communication address : Circuit Office , St Peter’s Methodist Church, St Peter’s Street, Canterbury, CT1 2BE

The members of the Canterbury and East Kent Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches. Fully membership is shown as Appendix A to this report.

Circuit Ministers

Rev. Wesley Hampton Rev. Rosmary Hills-Bending Rev. Catherine Wagstaff Rev. Alison Walker Rev. Danny Wheadon

Circuit Stewards

Mr. Michael Baybutt (Circuit Treasurer) Mrs. Marjory Dobson Mr. Peter Bartlett Mrs. Linda Beverton Mrs. Angela Pilgrim Ms. Tisha Pyke

Administrator

Mrs. Ruth Potter

Investment Bankers Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Trustees' Annual Report Cont…

Aims and organisation

Charity objective is to act as a Resource provider within the area around East Kent. 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; b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church; c) Any charitable purpose for the time being of any society or institution subsidiary 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 along with the Local Preachers meeting, the Circuit Finance and Property Committee

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 given to all new Circuit meeting members as induction to their role as trustees.

Related Parties

The Circuit is part of the South East District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit

BIRCHINGTON CHURCH. BROADSTAIRS CHURCH. CHALLOCK CHURCH FAVERSHAM UNITED CHURCH GARLINGS CHURCH HERNE BAY UNITED CHURCH MARGATE UNION CHURCH MARSHSIDE METHODIST CHAPEL MONKTON METHODIST CHURCH RAMSGATE HARDRES STREET UNITED CHURCH RIVER METHODIST CHURCH ST. ANDREWS CHURCH, SHEPHERDSWELL ST. JOHNS CHURCH, WHITSTABLE ST. PETERS CHURCH, CANTERBURY STURRY AND DISTRICT UNITED CHURCH ANGLICAN AND METHIDIST THE CEACON CHURCH AND CHRISTIAN CENTRE, DOVER TRINITY CHURCH, DEAL WESTBERE CHURCH

Risk Management

The major risks have been identified and recorded by the Circuit Finance and Property Committee 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.

• We will seek to offer pastoral 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, young person or vulnerable adult. • In all these principles we will follow legislation, guidance and recognised good practice The Canterbury and East Kent 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 Canterbury and East Kent 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 6 months’ average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and / or 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.

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Trustees' Annual Report Cont…

SCHEDULE A

Circuit Ministers

Rev. Wesley Hampton Rev. Rosmary Hills-Bending Rev. Cathrine Wagstaff Rev. Alison Walker Rev. Danny Wheadon

Supernumerary Ministers

Rev. Canon Malcolm Cooper Rev Malcolm Peach Rev. Roger North Rev. Canon Harvey Richardson Rev. Mike Walling

Circuit Links Angela & Graham Gibbens (OWL)

Lay Employees

Circuit Administrator Ms Ruth Potter

Circuit Officers

Circuit Stewards

Mr. Michael Baybutt (Circuit Treasurer) Mrs.Angela Pilgrim (Senior Steward) Mr. Peter Bartlett Mrs. Linda Beverton Mrs. Marjory Dobson

Representative for Synod

Mr. Peter Bartlett Mrs. Linda Beverton Mrs. Sue Dalgliesh Mrs. Angela Pilgrim Mrs. Elizabeth Beck Action for Children Mrs . Sue Huston-Dalgleish Archivist Vacant Bradbury Grange Methodist Hone Mrs. Lorna Horn Circuit Finance Officer Mrs. Ruth Potter Circuit Missions Secretary Mrs. Marjory Dobson Education Vacant Local Preachers and Workshop Leaders Secretary Mrs. Christine Barker Methodist Homes Vacant Methodist Women in Britain Mrs. Marjory Dobson Junior Missions for All Vacant Church Property Secretary Vacant Manses Secretary Mr. Peter Bartlett Safeguarding Co-ordinator Vacant Social Responsibility Vacant Treasurer Mr. Michael Baybutt Connexional Funds and World Missions Treasurer Vacant BIRCHINGTON. Steward Susan Huston-Dalgliesh Treasurer Christine Barker Representatives Timothy Setchell, Jerry Collis BROADSTAIRS. Steward Carl Morris Treasurer Neil Dobson Representatives Janet Pitt CANTERBURY, ST. PETER'S Steward Richard Cockell Treasurer James McCrea Representatives Helen Brown, Kaye Merrywest CHALLOCK Treasurer Beryl Nason Representative Jill Jones DEAL TRINITY Steward Geoff Potter Treasurer Neil Adams Representative Val Newman, Margaret Barker DOVER, THE BEACON Steward ` Elizabeth Beck Treasurer E. Rawson Representative Ron Sutton, Maureen MacDonald DOVER - RIVER Steward Helen Dear Treasurer Jane Walker Representative Derek Leach

Richard Cockell James McCrea Helen Brown, Kaye Merrywest

Geoff Potter Neil Adams Val Newman, Margaret Barker

Elizabeth Beck E. Rawson Ron Sutton, Maureen MacDonald

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Trustees' Annual Report Cont…

FAVERSHAM UNITED

Steward/Elder Ron Trivasse Treasurer Roger Berryman Representative Reg Barnes GARLINGE Steward Monica Harrison Treasurer Dennis Jarvis Representative Wendy Miller GREENSTREET Acting Treasurer Roger Berryman (From Faversham) HERNE BAY, UNITED CHURCH Steward John Nicholson Treasurer Michele Nicholson Representatives Barbara Hammerton MARGATE, UNION CHURCH Steward Pat Stringer Treasurer Andrew Ogden Representative Bob Buchanan MARSHSIDE Steward Ronald Nicholls Treasurer Andrew Marchetti Representative Anthony Russell MONKTON Steward Treasurer Robert Hood Representative Peter Mitchell OLD WIVES LEES Steward Peter Bartlett Treasurer Mary Bartlett RAMSGATE, HARDRES STREET Steward Gillian Todd Treasurer Jackie Howe Representative Jeremy Fisher, Doug reed, John Impett, Peter Griggs STURRY & DISTRICT, UNITED CHURCH Churchwarden Anne Stevenson Treasurer Andrew Webster Representatives Martin and Angela Pilgrim WHITSTABLESt. JOHN’S Steward Lorna Horn Treasurer Graham Godley Representative Hilary Baybutt, Brenda Feast, Roger Rigg, Sue Rigg

Circuit No : 36/27

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Statement of Financial Activities (SOFA) for the year ended 31 August 2024

Notes
Income and Endowments
1 Donations and legacies
2 Income from monetary investments
3 Income from investment properties
3
4 Assessments on Churches
4
5 Capital Receipts
5
6 Grants received
6
7 Other charitable income
7
8 Total income
Expenditure
9 Grants and donations
8
10 Salaries and associated costs
9
11 Property
10
12 Office expenses
11
13 District Assessment & Levy
12
14 Depreciation
15 Other outgoings
13
16 Total charitable expenditure
17 Net Income before investment gains/losses
19 Gains/(losses) on monetary investments
14
20
Gains/(losses) on property disposals/revaluations
15
21 Net incoming/(outgoing) resources before transfers
22 Transfers between funds
23 Reclassification of funds
16
24 Other gains/(losses)		 Unrestricted Funds Unrestricted Funds Unrestricted Funds Restricted & Endowment
Funds		 Restricted & Endowment
Funds
Total
2023-24		 Total
2022-23
General Circuit
Model Trust		 Designated Restricted Endowment
£ £ £ £ £ £ £
0 0
3,997 14,388 754 5,461 24,600 15,303
37,700 37,700 34,700
305,932 305,932 404,356
2,700 606,309 609,009 370,529
13,000 13,000 10,000
50,709 50,709 52,133
414,038 620,697 0 754 5,461 1,040,950 887,021
59,152 899 60,051 56,038
248,583 248,583 267,900
53,019 53,019 94,857
13,385 937 45 324 14,691 14,874
72,209 15,914 88,123 82,654
0 0
29,639 0 29,639 5,508
475,988 16,851 0 45 1,223 494,107 521,830
(61,951) 603,846 0 709 4,238 546,843 365,192
49 309 2,201 2,559 (1,467)
326,080 326,080 395,429
264,129 603,895 0 1,018 6,440 875,482 759,154
599,510 (599,365) (145) 0 0
(625,000) (625,000) 0
25 Net movement in funds 238,639 4,530 0 873 6,440 250,482 759,154
26 Total funds brought forward
27 Total funds carried forward		 3,031,349 328,847 0 16,050 114,024 3,490,270 2,731,116
3,269,988 333,377 0 16,923 120,464 3,740,751 3,490,270

Circuit No : 36/27

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Balance Sheet as at 31 August 2024

Fixed Assets Notes Unrestricted Funds Unrestricted Funds Unrestricted Funds Restricted & Endowment
Funds		 Restricted & Endowment
Funds		 Total
2023
 Totals
2022
General Circuit
Model Trust		 Designated Restricted Endowment
£ £ £ £ £ £
Circuit Manses & Equipment BS1 2,066,456 2,066,456 2,428,538
Investmentproperties BS1 894,115 894,115 830,953
Investments BS2 677 4,307 30,655 35,638 33,079
Totalfixed assets 2,960,571 677 0 4,307 30,655 2,996,208 3,292,570
Current Assets
Debtors BS3 165,514 165,514 186,405
Loans bythe Circuit 0 0
Investments with TMCP BS2 332,700 12,616 89,809 435,125 425,842
Central Finance Board Deposits BS4 207,523 207,523 43,292
Cash at Bank and in hand BS4 21,608 21,608 46,413
Total current assets 394,644 332,700 0 12,616 89,809 829,771 701,952
Current liabilities
Creditors(due in under 1year) BS5 85,229 85,229 104,252
Grantspayable within 2022-23 0 0
Total current liabilities 85,229 0 0 0 0 85,229 104,252
Net current assets/(liabilities) 309,417 332,700 0 12,616 89,809 744,543 597,700
Total assets less current liabilities 3,269,988 333,377 0 16,923 120,464 3,740,751 3,890,270
Long term liabilities (due
after more than oneyear)
Grantspayable after 2022-23 0 0
Loans to the Circuit 0 400,000
Net assets 3,269,988 333,377 0 16,923 120,464 3,740,751 3,490,270
Funds of the Circuit
General Fund(Unrestricted) BS6.1 3,269,988
Circuit Model Trust Fund (Unrestricted) BS6.2 333,377
Designated Funds(Unrestricted) 0
Total Unrestricted Funds 3,603,365 3,360,196
Restricted Funds BS7 16,923 16,923 16,050
Endowment Funds BS7 120,464 120,464 114,024
Total Funds 3,269,988 333,377 0 16,923 120,464 3,740,751 3,490,270

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

1 Basis of accounting and accounting policies

i Accounting framework

The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) – (the Charities SORP (FRS 102) as amended by Update Bulletin 1) – in replacement for the SORP’s 2005 version specified in its related 2008 Regulations and in accordance with the “true and fair override” provision contained therein.

ii Public benefit entity

The Canterbury and East Kent Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) below.

iii Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuits financial position and activities.

iv Content

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £Sterling, rounded to the nearest pound.

v FRS102 SORP2015 [applies to 2016-17 onwards]

These accounts are compliant with FRS102 and with the FRS102 SORP 2015.

vi Going concern

Based on the monetary assets and human resources available at 31 August 2024 , the trustees believe that the Circuit is a going concern.

vii Consolidation

The Circuit has denominational regulatory oversight in respect of the work of the Churches within the Circuit but has no legal operational control of those Churches and their governing bodies excdept in extreme circumstances. For this reason, the financial statements of the Churches within the Circuit are not consolidated into these financial statements.

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

Cont…

viii Income recognition

Income is brought into account when there is entitlement and the amount is reliably measurable once it is more likely than not that the economic benefit of the income will be forthcoming.

Individual amounts categorised as Other income in the SOFA will be shown separately if they are considered material.

The Circuit acts as agent in two matters:

In all these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or Churches as appropriate.

In accordance with the Charities SORP (FRS 102), the time of volunteers is not recognised.

ix Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measurable and it is considered more likely than not that there will be an outflow of economic benefit.

x Grants

Grants are recognised in full when the award is made once the District accepts that there is a legal or constructive obligation to make the payment and that such payment is probable. 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 original terms agreed.

xi VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

xii Tangible fixed assets

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 deemed historical cost representing each property's gross carrying value as at 31 August 2024, being that property's insurance value in 2023. No depreciation is provided on the buildings 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 cost to date. Properties have been reviewed for impairment.

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

Cont…

xiii Monetary Investments

The Circuits investments are in monetary assets classified as basic financial instruments under FRS102 and are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown in the SOFA.

xiv Investment Property

From time to time the Circuit may hold residential property (formerly manses) which is surplus to its normal staffing requirements. Where this is the case and it is anticipated thet the property is unlikely to be used as a manse for a period of two years, the property is classified as Investment Property (whether let or not) and any lets are at market rates unless there is a compelling reason not to do so in futherance of the circuit's charitable objectives.

xv Receivables and Payables; Bank and Cash

Debtors are stated at the amounts owed to the Circuit or prepaid. 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 liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit account balances are shown at the realisable values.

xvi Methodist Church Fund

The Methodist Church Connexion raises assessments on Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District quarterly 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. The Circuit may act as agent for ad hoc collections for various funds controlled and administered by The Methodist Church.

xvii Ministers' manse cocts

The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Circuit bears the cost of repairs, maintenance, buildings insurance, Council Tax, water charges and telephone costs. These figures are not separately disclosed as benefits-in-kind as HMRC does not seek to tax these receipts in the hands of ministers.

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

2 Glossary of terms

CFB: Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled investment funds for Methodist entities in Great Britain and provides investment advice to those entities

Church: a group of members from fewer than 10 to more than 300 Circuit: a group of Methodist Churches near each other, typically between 10 and 30 CMTF: Circuit Model Trust Fund Connexion: The Methodist Church in GB which includes the Head Office at Methodist Church House, all Methodist Districts, Circuits and Churches in Great Britain District: a group of contiguous Circuits, usually between 15 and 30 DAF: District Advance Fund DPC: District Policy Committee FRS: Financial Reporting Standard MCF: Methodist Church Fund MMPS: Methodist Ministers’ Pension Scheme PASLEMC: Pensions and Assurance Scheme for Lay Employees of the Methodist Church SOFA: Statement of Financial Activities SORP: Statement of Recommended Practice TMCP: Trustees for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

3 Income from Investment Property

The trustees have determined that the property listed below is unlikely to be returned as a manse in the forseeable future and have therefore classified the same as an investment property. Letting income is shown gross of fees and commissions.

General CMTF Desig Restricted Endow Total 2023
Letting Income:
80 Linden Avenue, Herne Bay 14,400 14,400 13,800
79 Preston Park, Faversham 23,300 23,300 20,900
Totals **37,700 ** 0 0 0 0 37,700 34,700

4 Assessments on Churches

The Circuit comprises 18 churches and each is assessed for a contribution to meet the overall net costs of the Circuit. In making it's Assessment budgeted income from investment income (including property letting) and confirmed external grants is taken into account. The Circuit aims to cover all it's net costs from the Assessment.

An Assessment on Churches is annually determined by the Circuit using a formulaic method which takes into account the relative number of members in each church and its relative income (after deduction of certain actual and notional expenses).

Assessments on churches are quarlerly in advance abd are treated as pre-payments on a receivable basis. If any church has not paid its assessment by the due date the sum in question is also treated as a creditor. Such cases are detailed in Notes BS3 and BS6.

Church General CMTF Desig Restricted Endow Total 2023
Birchington 8,004 8,004 9,996
Broadstairs 21,000 21,000 21,000
Challock 3,780 3,780 3,780
Faversham 15,000 15,000 24,372
Garlinge 9,996 9,996 9,996
Hardres Street 34,296 34,296 37,620
Herne Bay 24,096 24,096 24,096
Monkton 2,328 2,328 2,328
River 36,000 36,000 41,508
St. Johns 24,000 24,000 39,600
St. Peters Canterbury 60,000 60,000 90,000
Sturry 11,436 11,436 21,996
Dover -Beacon 30,000 30,000 34,104
Deal 9,996 9,996 28,764
Margate 15,240 15,240 14,520
Whitsable - URC 760 760 676
Marshside 0 0 0
Assessments written off 0 0 0
Totals 305,932 0 0 0 0 305,932 404,356

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

5 Capital Receipts

Relates to the sale of the manse at 23 South Canterbury Road, Canterbury in July 2024. The figure is shown net of all related selling fees and commissions.

In addition all sales of Methdist property are subject to a levy by the Connexion calculated on a sliding scale based on the gross sale price.

General CMTF Desig Restricted Endow Total 2023
Gross sale proceeds 625,000 625,000 321,000
COF Levy on Property Sales (1,574) (1,574) (96,074)
Selling Agents fees (8,443) (8,443) (12,066)
Legal fees 2,700 (8,673) (5,973) (2,817)
Totals 2,700 606,309 0 0 0 609,009 210,043

6 Grants Receivable

Circuit Mission Enabler General CMTF Desig Restricted Endow Total 2023
District advance - Deacon 13,000 13,000 10,000
Totals 13,000 0 0 0 0 13,000 10,000

7 Other Income

General CMTF Desig Restricted Endow Total 2023
Payments for salaries:
St. Peter's 19,581 19,581 18,251
Whitstable 22,773 22,773 21,111
Ramsgate 5,373 5,373 8,227
Misc 1,592 1,592 175
Donations 1,390 1,390 4,369
Totals 50,709 0 0 0 0 50,709 52,133

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

8 Grants & Donations

Grants and donations as listed below were agreed and/or made during the year. Where a grant has been made from the Circuit Model Trust Fund, Restricted or Endowment Funds and the grant monies are for use within the Circuit they are treated as a transfer between Funds. The tables below (one for each fund type) detail the new grants agreed and paid over this year, this years instalment of grants agreed in prior years and the future instalments of grants to be paid.

Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations Grants & Donations
Grants and donations as listed below were agreed and/or made during the year. Where a grant has been made from the Circuit
Model Trust Fund, Restricted or Endowment Funds and the grant monies are for use within the Circuit they are treated as a transfer
between Funds. The tables below (one for each fund type) detail the new grants agreed and paid over this year, this years
instalment of grants agreed in prior years and the future instalments of grants to be paid.
This Year New General
Grantee Donee Agreed Paid
External		 Paid
Internal
Tfr		 Carried
forward		 Unpaid
b/fwd		 Piad this
year Ext		 Paid
Internal
Tfr		 Carried
forward		 Total
Paid Ext		 Total
Paid Int
Tfr
United Reformed Church 4,000 4,000
Crosslinks 55,152 55,152
Totals 0 0 0 0 0 59,152 0 0 59,152 0
This Year New This Year New This Year New Circuit Model Trust Circuit Model Trust Circuit Model Trust Circuit Model Trust
Grantee Donee Agreed Paid
External		 Paid
Internal
Tfr		 Carried
forward		 Unpaid
b/fwd		 Piad this
year Ext		 Paid
Internal
Tfr		 Carried
forward		 Total
Paid Ext		 Total
Paid Int
Tfr
Totals 0 0 0 0 0 0 0 0 0 0
This Year New Designated
Grantee Donee Agreed Paid
External		 Paid
Internal
Tfr		 Carried
forward		 Unpaid
b/fwd		 Piad this
year Ext		 Paid
Internal
Tfr		 Carried
forward		 Total
Paid Ext		 Total
Paid Int
Tfr
Totals 0 0 0 0 0 0 0 0 0 0
This Year New Restricted
Grantee Donee Agreed Paid
External		 Paid
Internal
Tfr		 Carried
forward		 Unpaid
b/fwd		 Piad this
year Ext		 Paid
Internal
Tfr		 Carried
forward		 Total
Paid Ext		 Total
Paid Int
Tfr
Totals 0 0 0 0 0 0 0 0 0 0
This Year New Endowment
Grantee Donee Agreed Paid
External		 Paid
Internal
Tfr		 Carried
forward		 Unpaid
b/fwd		 Piad this
year Ext		 Paid
Internal
Tfr		 Carried
forward		 Total
Paid Ext		 Total
Paid Int
Tfr
Circuit Churches
Deal & Dover 899 899
Totals 0 0 0 0 0 0 899 0 0 899

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

9 Stipends and Salaries and Associated Costs

Ministers and Deacons Full Time
(5)		 Part Time General CMTF Desig Restricted Endow Total
Stipends 135,849 135,849 135,849
Pension Fund Contribution 26,355 26,355 26,355
National Insurance 12,145 12,145 12,145
Travel 14,368 14,368 14,368
AppLevy 933 933 933
Costs 576 576 576
190,227 190,227 0 0 0 0 190,227
Layworkers Full Time
(6)		 Part Time General CMTF Desig Restricted Endow Total
Salary 44,565 44,565 44,565
Pension Fund Contribution 1,770 1,770 1,770
National Insurance 2,045 2,045 2,045
48,380 48,380 0 0 0 0 48,380
Administration Staff Full Time
(1)		 Part Time General CMTF Desig Restricted Endow Total
Salary 9,395 9,395 9,395
Pension Fund Contribution 471 471 471
National Insurance 110 110 110
9,977 9,977 0 0 0 0 9,977
Stipends & Salaries Totals
248,583 0 0 0 0 248,583

No employees received employee benefits of more than £60,000. There is no accrual for holiday pay as it is immaterial; the holiday years end on 31st August. All staff are paid at or above the living wage.

Whilst several lay workers are paid through the central paroll system of the Methodist Church, there expenditure is reimbursed by the appropriate church with one exception whos majority of pay is reimbursed by Faversahm and Whitstable although the circuit is making a contribution towards this costs.

3 churches in the circuit, Faversham (Methodist), Herne Bay (URC) and Deal (Methodist) have URC ministers. Accordingly payments are made to the URC to cover Stipend costs and Misc expenes. The circuit also makes a contribution to the URC in respect of Rev Martin Belgrove for 75% stipend and expenses. Rev Alan Spence for 50% stipend and expensed. The circuit also pays the Diocese of Canterbury stipend expenses for Rev Peter Cornish and Sturry PCC for his expenses.

Pensions

Most ordained Presbyters and Deacons are members of the Methodist Ministers' Pension Scheme (MMPS). This is a defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deacons) are nor employes of the church. For simplicity, however, when dealing with National Insurance Contributions, the terms 'employer' and 'employee' are used as they would be in an employing body. Other employees are not

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

9 Stipends and Salaries and Associated Costs Cont..

Cost of Superintendent, Presbyters and Trustees

The Superintendent of the Circuit, the other Presbyters and the remaining members of the CLT are considered as Key Management Personnel. The Superintendent chairs meetings of the CLT and Circuit Meetings. The members of the Circuit Meeting are the trustees of the Circuit. The stipends, employer's NIC and employer's pension contributions and other expenses of the Presbyters of the Circuit are paid by the Circuit.

The manses are provided by the Circuit and the Circuit maintains the property. The value of the Council Tax and water charges paid by the Circuit is not disclosed here as HMRC does not regard the as a benefit-in-kind in the hands of the minister.

Each Presbyter in entitled to a 3 month sabatical every 5 years and the expenses incurred by the Presbyter are met by the Connexion with the Circuit continuing to pay the stipend. There have been no sabatical during the year.

Payments to trustees

Fees and Expenses paid to Circuit Trustees during the period 1 September 2023 to 31 August 2024

Trustee
Rev E Aggrey-Ogoe
Rev R Armstrong
Rev D Borda
Rev Cannon M Cooper
Rev W Hampton
Rev R Hills-Bending
Rev C Wagstaff
Rev D Wheadon
Deacon M Lugumi
Mrs C Barker
Mr P Bartlett
Mr M Baybutt
Ms L Beverton
Mr N Dobson
Mrs A Pomeroy
Mrs R Potter
Totals		 Expenses
incurred and
reimbursed
1,797
17
8
660
464
18
467
104
907
264
344
159
67
5,276		 Travelling
expenses
reimbursed
156
447
60
598
442
1,711
2,809
3,825
1,681
335
47
12,111		 Fees Paid
250
300
990
1,540
18,928

Notes Travelling expenses are at the rate stipulated by the Methodist Conference or the Circuit for cars and cycles if the actual cost of travel by othe means including public transport

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

10 Property Expenses

The Circuit is Managing Trustee for seven manses . Three manses are let and are treated as an investment properties.

Manses
General CMTF Desig Restricted Endow Total
Council Tax 14,706 14,706
Water charges 2,155 2,155
Insurance 9,242 9,242
Light and heat 3,403 3,403
Repairs 17,139 17,139
Whitstable URC 500 500
Totals 47,144 0 0 0 0 47,144
Letting Expenses
General CMTF Desig Restricted Endow Total
Agents fees 4,560 4,560
Totals 4,560 0 0 0 0 4,560
Other property expenses
General CMTF Desig Restricted Endow Total
Legal &professional fees 1315 1315
Totals 1315 0 0 0 0 1315
Property Totals
Office & Administration cocts
53,019
0
0
0
0
53,019
General CMTF Desig Restricted Endow Total
Printing, postage and stationery 1,435 1,435
Telephone 4,761 4,761
Bank charges 21 21
Computer costs 674 674
Office expenses 2,338 2,338
Professional services 377 377
Accountancy 3,780 3,780
Auditors remuneration 0 0
TMCP admin/investment fees 937 45 324 1,306
Totals 13,385 937 0 45 324 14,691

11 Office & Administration cocts

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

12 District Assessment & Levy

The District Assessment is calculated relative to the proportion of church church members and staffing (Presbytes and Mission staff only) of all Circuits in the District. 50% of the overall cost is calculated using relative membership proportions and 50% using relative staffing proportions.

The levy is calculated on a sliding scale percentage of the Circuit's CMTF account balance as at 31st August the previous accounting year.

General CMTF Desig Restricted Endow Total
District Assessment 14,572 14,572
Methodist Church Fund(MCF) 57,637 57,637
Levyon CMTF Funds 15,914 15,914
0
Totals 72,209 15,914 0 0 0 88,123
Other Outgoings
General CMTF Desig Restricted Endow Total
PreachingFees 2,320 2,320
Quinquennial Inspections 0 0
Minister relocation costs 872 872
Miscellaneous 310 310
Loan interest 26,137 26,137
Totals 29,639 0 0 0 0 29,639

13 Other Outgoings

14 Investment Management

During the year the Circuit paid TMCP, the custodians of the Circuit's investments (Circuit Model Trust Fund, Restricted and Endowment Funds) management charges based on 0.2% of the value of the individual funds at the beginning of the year.

Realised and Unrealised losses in the invested funds are listed below.

General CMTF Desig Restricted Endow Total
Circuit Model Trust 49 49
Collins Bequest 5081 309 309
Balch Bequest 5854 226 226
Cook Settlement Fund 8692 1,976 1,976
Totals 0 49 0 309 2,201 2,559

15 Property disposals/revaluations

The net gains or losses are detailed below. The current carrying values are based on the property insurance value as at October 2023.

Carrying Purchase/
(sale)		 Revalue Gain/(Loss)
23 South CanterburyRoad 483,298 (625,000) 0 141,702
22 Hillview Road 365,620 393,411 27,791
The Sycamores 568,793 612,028 43,235
23 Riverdale 410,832 442,060 31,228
1 Tolputt Close 599,995 618,957 18,962
80 Linden Avenue 448,712 482,819 34,107
79 Preston Park 382,241 411,296 29,055
Totals 3,259,491 (625,000) 2,960,571 326,080

16 Reclassification of funds

Any fund classification has changed (e.g. Restricted to Unrestricted or vice versa) at the direction of the Circuit trustees or Custodian trustees is listed below.

Circuit property is always carried in the General Fund but upon sale the net proceeds are processed through the Circuit Model Trust Fund. This requires an adjustment and any such sales during the year are reflected below at the gross sale price

General CMTF Desig Restricted Endow Total
Sale of 23 South CanterburyRoad 625,000 (625,000) 0
Totals 625,000 (625,000) 0 0 0 0

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

BS1 Manses & Other Property

Buildings comprises of 5 manses located in Broadstairs, Canterbury, Dover and Whitstable. There are 2 investments properties, one in Herne Bay and a former manse in Faversham

1.1 Cost or valuation

Investment
Properties		 Investment
Properties		 Land Buildings Plant,
machinery
and motor
vehicles		 Fixtures,
fittings and
equipment		 Assets under
construction		 Total
£ £ £ £ £ £ £
Balance brought forward 830,953 0 2,428,538 0 8,905 0 2,437,443
Additions in theyear 0 0
Revaluations 63,162 121,216 121,216
Less: Disposals in theyear (483,298) (483,298)
Transfers between categories 0 0 0
Balance carried forward 894,115 0 2,066,456 0 8,905 0 2,075,361
1.2 Accumulated depreciation and
impairment provisions
Basis
Rate		 N/A
N/A
N/A
SL
3years
Balance brought forward 0 0 0 0 8,905 0 8,905
Depreciation charge for theyear 0 0
Impairmentprovisions
Revaluations 0
Disposals 0
Transfers 0
Balance carried forward 0 0 0 0 8,905 0 8,905
1.2 Net book value
Balance brought forward 830,953 0 2,428,538 0 0 0 2,428,538
Balance carried forward 894,115 0 2,066,456 0 0 0 2,066,456
Value
482,819
411,296
393,411
612,028
442,060
618,957
2,960,571
Property Type Value
80 Linden Avenue Investment 482,819
79 Preston Park Investment 411,296
22 Hillview Road Manse 393,411
89a Ramsgate Road Manse 612,028
23 Riverdale Manse 442,060
1 Tolputt Close Manse 618,957
2,960,571

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

BS2 Investment Assets (and Trustees for Methodist Church Purposes (TMCP))

The funds that support the Circuit Model Trust Fund and the Circuit's other funds (as listed below) are held by TMCP in Trustees Interest and/or Managed Equity Funds on which interest and dividends are credited to the accounts each month/quarter. These are regarded as medium and long term investments.

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 ensure that, through providing guidance and acting under their direction, the managing trustees comply with Charity Law and Methodist Law and policy as determined by the Methodist Conference.

2C100 - CFB Mana
2C110 - Trustees I
2C100 - No Units
2C100
2C110		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a		 Price (£)
ged Mixed Fund
5.417
nterest Fund
n/a
CMTF
18669		 Various
Bequests
6859		 Circuit
Account
11817		 Various
Bequests
3088		 Sale of
Land
8031		 Ashby
Bequest
18169		 Collins
Bequest
5081		 Restricted Balch
Bequest
5854		 Flints
Charity
1139		 Cook
Bequest
19409		 Kidman
Trust
5970
Wilson
Bequest
8031A		 Cook
Settlement
Fund
8692		 Endow Total
£ £ £ £ £ £ £ £ £ £ £ £ £ £

125		 795 795 580 5,079 5,659 5,999

677		 0 0 0 0 0 4,307 4,307 3,142 0 0 0 0 27,513 30,655 35,638
332,700 2,906 2,369 4,407 580 1,980 374 12,616 1,744 713 82,909 325 118 4,000 89,809 435,125
333,377 2,906 2,369 4,407 580 1,980 4,680 16,923 4,886 713 82,909 325 118 31,513 **120,464 ** 470,764

BS3 Debtors & Prepayments

ments
General CMTF Desig Restricted Endow Total
Church Assessments 147,735 147,735
Stipends,Pension,NI 12,406 12,406
Other Debtors 5,373 5,373
Totals 165,514 0 0 0 0 165,514

BS4 Central Finance Board (CFB) and Bank balances

Monetary balances held at the Central Finance Board of the Methodist Church are available on demand without loss of interest.

General CMTF Desig Restricted Endow Total
Central Finance Board - Savings accounts 192,065 192,065
Central Finance Board - Current accounts 15,458 15,458
207,523 0 0 0 0 207,523
CAF current account 16,358 16,358
CAF deposit account 5,249 5,249
21,608 0 0 0 0 21,608
Totals 229,131 0 0 0 0 229,131

BS5 Creditors, Accruals and Income in Advance

Unrestricted Fund
BS6.1 General Fu		 General CMTF Desig Restricted Endow Total
Expenses 10,691 10,691
Accountancy 3,780 3,780
Auditors remuneration 0 0
Stipends - URC 23,732 23,732
URC(M&M) 47,026 47,026
Totals 85,229 0 0 0 0 85,229
s
nd
Balance as at 31 August		 2024
2023
3,269,988 3,031,349
ctives of the Circuit and which have not been designated for other
properties and a redundant church.
The purpose of th
purposes. About		 e fund is for use at the discretion of the trustees in the furtherance of the general obje
98% of this fund is held as a freehold property, being manses for ministers, investment		 ctives of the Circuit and which have not been designated for other
properties and a redundant church.

BS6 Unrestricted Funds

BS6.2 Circuit Model Trust Fund

The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general obje
formulaically determined contributions from the sale of manses and church buildings inthe Circuit.
Although this is technically an Unrestricted Fund under the control of the Circuit Meeting, prior approval		 ctives of the Circuit. Its main source of income is legacies and
is still required from the Dirstrict to utilise these funds.		 ctives of the Circuit. Its main source of income is legacies and
is still required from the Dirstrict to utilise these funds.
2024
2023
16,923
16,050
120,464
114,024
2024 2023
16,923 16,050
120,464 114,024

BS7 Restricted and Endowment Funds

The restricted and endowment funds exist to support the circuit with the exception of the Evelyn Hilda Ashby Bequest which isto support individuals in specific need. All the funds' assets are managed by TMCP and the net income (after charges) is paid direct to the administrators of the fund.

CANTERBURY AND EAST KENT METHODIST CIRCUIT

Notes to the financial statements for the year ending 31 August 2024

BS8 Summary of fund movements

Fund Balance at
01/09/2023		 Income Expenditure Transfers Revaluations Gains/Losses Balance at
31/08/2024
£ £ £ £ £ £ £
General 3,133,032 414,038 (475,988) 599,510 326,080 3,996,672
Circuit Model Trust 328,847 209,044 (44,563) (160,000) 49 333,377
Total unrestricted 3,461,879 623,082 (520,551) 439,510 0 326,129 4,330,049
Various Bequests 6859 2,906 154 (154) 2,906
Circuit Account 11817 2,254 122 (6) 2,369
Various Bequests 3088 4,193 226 (12) 4,407
Sale of Land 8031 552 30 (2) 580
AshbyBequest 18169 1,884 102 (5) 1,980
Collins Bequest 5081 4,261 121 (11) 309 4,680
Total Restricted 16,050 754 (190) 0 309 16,923
Balch Bequest 5854 4,513 160 (12) 226 4,886
Flints Charity1139 680 35 (2) 713
Cook Bequest 19409 78,872 4,261 (225) 82,909
Kidman Trust 5970 310 16 (1) 325
Wilson Bequest 8031A 112 6 118
Cook Settlement Fund 8692 29,537 983 (983) 1,976 31,513
Total Endowment 114,024 5,461 (1,223) 0 2,201 120,464
Total Restricted and Endowment 130,074 6,215 (1,413) 0 0 2,511 137,386
Total of all funds
3,591,953 629,297 (521,964) 439,510 0 328,639 4,467,435

BS9 Analysis of net assets between funds

Tangible fixed assets
Fixed assets investments
Investments
Current assets
Current liabilities		 General CMTF Desig Restricted Endow Total
2,066,456 0 0 0 0 2,066,456
894,115 0 0 0 0 894,115
677 0 4,307 30,655 35,638
394,644 332,700 0 12,616 89,809 829,770
(85,229) 0 0 0 0 (85,229)
3,269,987 333,377 0 16,923 120,464 3,740,750

BS10 Related Parties

All of the Circuit trustees are members of one within the Circuit and may be trustees in their Churches.

Connected organisations include the Methodist Connexion, Churches within the District, other Methodist Districts in Great Britain, the Methodist Ministers’ Children’s Relief Association, CFB and TMCP, except as reported in Note 9. All of these entities have their own trustees or directors and autonomous administration such that BEH has no significant influence over any of them, nor they over BEH. They are, therefore, not considered related parties.

Names of related parties Party Receipts Payments Adjustments
£ £ £
JAM Connexion
The Methodist Church Fund Connexion
Mission in Britain Connexion
Presbyters & Deacons Fund Connexion
PropertyFund Connexion
World Mission Fund Connexion
0 0 0

BS11 Volunteer contributions

Every entity (Connexion, District, Circuit, Church) within the Methodist Church in GB is heavily reliant on volunteers who co ntribute their skills, time and money in the furtherance of the work of the Church. Principally this contribution is by serving on co mmittees of the District that deal with mission, manses, finance, policy, grants, training, development. We are grateful to all of them for their help and commitment.

BS12 Capital commitments and contingent liabilities

There were no capital commitments or contingent liabilities at the year end (2022-23: nil).

An accrual has been made for the fee of the independent examiner in the sum of £4,200 for the year (2021-22: £4,200). The independent examiner provided no additional services during the year.