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2024-08-31-accounts

LEICESTER WEST METHODIST CIRCUIT TRUSTEES‘ ANNUAL REPORT

01/09/2023 – 31/08/2024

Welcome to the 2023/24 Leicester West Methodist Circuit Trustees Report. The year has continued to see the Circuit provide a Methodist presence in the City of Leicester and County of Leicestershire and has been one where we continue to see the work of Jesus in our communities.

Aims

The Leicester West Circuit exists to support the Methodist Churches on the western edge of the City of Leicester and reaching out into the County of Leicestershire. Our aim is to bring a sense of belonging and support to the 10 churches we serve.

Achievements and Performance

Our team of three ministers, accredited local preachers and worship leaders has continued to provide regular worship and witness at the 10 churches across the circuit. The continuing use of online resources has been useful in individual churches and across the circuit with regular Sunday evening circuit services on Zoom.

Rev’d Helen Bell had advised the circuit in July 2023 that personal circumstances had led her to the prayerfully thought out decision to leave the circuit after 4 years instead of the 5 of the initial invitation, with 3 of the 4 years being circuit superintendent. The circuit’s appreciation and thankfulness to Rev’d Helen and her husband for their ministry and work was expressed at the leaving service in July 2024.

The circuit went into the Methodist church’s ministerial stationing process and was able to offer an invitation to Rev’d Sydney-Samuel Lake to be a circuit minister and circuit superintendent commencing September 2024.

Training of new local preachers continues with 2 on trial.

Our circuit mission enabler enabled us to put together another booklet of testimony and reflection from people in our churches for use during Lent.

The men’s shed project based at the New Parks church has continued to develop as part of the work of our circuit mission enabler. It has contributed to improving the mental health of those who are becoming part of it. Initiatives such as planters for vegetable and flower growing have improved the visibility of the project. Both the mens’s shed and the church have received certificates of appreciation from the community.

Our church at New Parks is a 1950’s building and a regeneration project has been started. The resources needed to continue this are being sought.

Several of our churches have been able to offer Warm Spaces on their premises during the winter alongside others providing this service.

Encouragement for churches to start looking at the energy usage in their buildings and ways of becoming more efficient continues through Action for Hope. It looks at all aspects of a church’s life

and includes our own individual choices. Achieving certain levels of compliance can lead to A Rocha UK Eco Church awards. We can report that 4 churches have achieved awards at bronze or silver level.

Following the decision to close by Enderby Methodist church. The building is now for sale and negotiations with Enderby Life church to buy it are in progress. The remaining members of Enderby Methodist church are meeting as a house fellowship and their membership will be transferred to one of the other churches in the circuit.

Finances

The Standard Form of Accounts for the Circuit is attached.

Our financial position remains healthy with just around £126,000 of cash and investments in reserves with a further £46,000 ring-fenced to fund our Mission Enabler. We are however mindful of the financial position of some of our churches and their ongoing struggles to pay their assessments and will be reviewing our costs carefully as part of our ongoing review of the make-up of the circuit.

Risk Management

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

Reserves Policy for General Funds

Under standing orders, the circuit must meet its financial obligations in relation to the support of its ministers and staff and the maintenance of manses. The total cost of these for the next year is budgeted to be in the region of £247,100. The circuit aims ideally to hold in general reserves sufficient money to meet at least six months expenditure (£123,600)

Objectives and Activities

The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of ---

Structure, Governance and Management

Public Benefit

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

GDPR

Trustee Training

Related Parties

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

England

Safeguarding

Methodist Connexional practice outlines commitment to the following principles:

against a child, young person or vulnerable adult.

 In all these principles we will follow legislation, guidance and recognised good practice

CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS

Leicester West FOR THE YEAR ENDED 31 August 2024

Circuit

District
Northampton
Registered Charity - Charity Registration number
Circuit no
23-Sep
1133039

If not a registered charity His Majesty's Revenue and Customs Gift Aid number

(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242 )

Ministers:

Rev Helen Bell

Rev Joy Langford

Rev Jimione Kaci

Circuit Stewards:

David Postlethwaite

Sandra Andrews Edith Cobley

Treasurer:

Elizabeth Clarke

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ACCOUNTS FOR THE YEAR ENDED 31 August 2024 Leicester West Circuit
Un - Circuit
restricted Model Trust Restricted Totals this Totals last
SECTION A Funds Fund Funds year year
a1 RECEIPTS Note £ £ £ £ £
a2 Assessment/Share 196,954.00 196,954.00 190,298.00
a3 Capital receipts
a4 Bank and CFB interest and
Investment income
6,824.52 2,250.66 3,156.77 12,231.95 7,259.19
a5 Grants 8,000.00 8,000.00 8,000.00
a6 Other receipts 6.00 6.00
a7 TOTAL RECEIPTS 211,784.52 2,250.66 3,156.77 217,191.95 (a8) 205,557.19
SECTION B
b1 PAYMENTS
b2 Stipends, salaries, NIC, Pension and
travel costs 145,750.42 145,750.42 136,911.40
b3 Manse Costs 38,285.16 38,285.16 37,466.51
b4 Administration etc 14,590.91 96.82 153.46 14,841.19 11,612.65
b5 District Assessment 45,345.84 849.32 46,195.16 50,973.16
b6 Grants & donations 3,296.48 7,026.00 255.82 10,578.30 220.00
b7
b8 Other payments 14,482.49 14,482.49 3,449.65
b9 TOTAL PAYMENTS 261,751.30 7,972.14 409.28 270,132.72 (b9) 240,633.37
SECTION C
NET RECEIPTS/PAYMENTS FOR
THE YEAR
c1 (a7-b9) -49,966.78 -5,721.48 2,747.49 -52,940.77 -35,076.18
c2 Total funds brought forward from last year 107,015.58 33,972.92 92,269.26 233,257.76 (c6) 268,333.94
c3 Sub total (c1+c2) 57,048.80 28,251.44 95,016.75 180,316.99 233,257.76
c4 Transfers and adjustments 45,420.00 -4,420.00 -41,000.00 (c7)
c5 TOTAL FUNDS AT END OF YEAR (c3+c4) 102,468.80 23,831.44 54,016.75 180,316.99 (c8) 233,257.76 (c6)
SECTION D
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
d (these amounts should not be included in total receipts/payments above)
d1 Balance brought forward from last year
d2 Offerings/Gifts - received for external organisations 3,260
d3 Offerings/Gifts - passed to external organisations 3,260
d4 BALANCE STILL TO BE PAID (d1 + d2 - d3)
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Leicester West

Circuit

SUMMARY OF CIRCUIT ACCOUNTS AND INTERNAL ORGANISATION REPORTING TO THE CIRCUIT MEETING

SECTION E Please follow the Guidance Notes to complete this page Summary of the Circuit accounts for the year ended 31 August 2024 and 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. This section must be completed to arrive at the gross receipts and payments totals of the Circuit. If gross income exceeds the Accruals threshold of £250,000, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the Circuit and connected Circuit Organisations.

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INTERNAL Net Receipts/ Opening
ORGANISATIONS Receipts Payments Payments Adjustments balances Closing balances
e1 Men's Shed 138.58 4175.72 -4037.14 4810.29 773.15
e2 New Parks Regeneration 2009.23 2009.23 2009.23
e3
e4
e5
e6
e7
Sub total of Internal
e8 Organisations funds 2147.81 4175.72 -2027.91 4810.29 (e11) 2782.38 (e12)
Circuit accounts (totals
brought forward from
e9 page 2 - totals column) 217191.95 (a8) 270132.72 (b9) -52940.77 (c7) 233257.76 (c6) 180316.99 (c8)
TOTAL CASH FUNDS
e10 HELD BY CIRCUIT 219339.76 274308.44 -54968.68 238068.05 (x) 183099.37 (y)
Continue on a separate TOTAL
sheet if necessary and bring TOTAL RECEIPTS PAYMENTS
the totals forward
SECTION F
STATEMENT OF ASSETS AND LIABILITIES
OPENING CLOSING
CIRCUIT - CASH FUNDS HELD at 31 August 2024 BALANCES BALANCES
f1 Cash in hand
f2 Bank Current Account 1845.72 2166.30
f3 Bank Deposit Account
f4 Central Finance Board 110169.86 105302.50
f5 Trustees for Methodist Church Purposes 87817.18 69423.19
f6 Other funds 33425.00 3425.00
f7 SUB TOTAL 233257.76 (c6) 180316.99 (c8)
Total funds held by Internal Organisations (the
f8 closing balance totals above) (e12) 4810.29 (e11) 2782.38 (e12)
f9 TOTAL CASH FUNDS HELD BY CIRCUIT 238068.05 (x) 183099.37 (y)
SECTION G At At
OTHER ASSETS and LIABILITIES 1 September 2023 31 August 2024
g1 Investments (include Endowments)
g2 Land and Buildings (see notes re Insurance value)
g3 Other Assets
g4 Loan(s) - show amount outstanding at year end
g5 Other Liabilities
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f4 Include only Funds held at the Central Finance Board

f5 Include only CFB Funds held at Trustees for Methodist Church Purposes

g1 Include any other investments (not the cash element of TMCP trust accounts this is inserted in line f5)

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Name of Circuit Leicester West… No…23/09

Declarations and Scrutiny

I confirm that these Receipt and Payment based accounts for the year to 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 ……………………………………………………… Date……………………..

Name and address of treasurer ……Elizabeth Clarke

8 Faire Road, Glenfield, Leicester, LE3 8EA

Presentation to the Circuit meeting

I confirm that the annual report and accounts for the year ended 31 August 2024 were/will be*

presented to the Circuit meeting held on 10/4/25.

Signature of the Chair of the meeting ……………………………………………………………………

Name of the Chair of the meeting …………………………………………… Date ……………………

Independent Examiner’s Report to the Trustees of the

Leicester West.. Circuit

Charity Number 1133039

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the Leicester West

Circuit for the year ended 31 August 2024 set out on pages … to …. As the Circuit’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Circuit’s accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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Name of Circuit …Leicester West

No 23/09

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which give me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

I have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.

Signature of independent examiner ………………………………………………………………….

Name of independent examiner …Brian Slater……………………………….

Relevant professional qualification of independent examiner …CIMA…………………………

Name of firm (where appropriate) ………………………………………………………………………

Address ……7 Faire Road, Glenfield, Leicester

……………………………………………………………………………….. Post Code LE3 8EE

Date …13/11/24……

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