## Annual Accounts South West Tyneside Methodist Circuit 31[st] August 2024 ## Annual Report 2023-2024 The South West Tyneside Methodist Circuit consists of ten Methodist Churches, two of which have two sites Strathmore Road (including Chopwell) and Unity (Amalgamation of Dunston Hill and Ravensworth Road) and a thriving café/walking church in Greenside – a class of Centenary Methodist Church in Crawcrook. The weekly morning service at Ravensworth Road and the evening service at Crawcrook are both available by telephone for those who are unable to attend, and the morning service at Rowlands Gill is streamed on Zoom. During the year Sunniside had to close. We had a successful outreach day at the Metro Centre shopping centre prior to Christmas. Alongside the other churches in Blaydon (Churches together in Blaydon) we employ a Community Mission Worker who, amongst other things, runs the Community Larder and other community-based projects. Our Circuit youth worker runs various activities, some via YouTube, assemblies for local schools, encouraging and enabling school visits etc. Led by the superintendent minister the circuit is continuing the programme of “Transformational leadership” with a dedicated group of volunteers; they have so far worked specifically with Blaydon Methodist Churches. A property for mission group has been set up to help churches with property projects and repairs. The aims of the organisation (Circuit) are included in our Mission Statement and policy as follows - Purpose Statement “Working together to be a blessing within and beyond our Churches - Inspiring worship - Encouraging discipleship - Engaging with communities Sharing the love of Jesus; in this time, in this place. In order to encourage cooperation between churches and facilitate good stewardship, we seek to encourage Circuit-wide cooperation as an extension of commitment to each other in God without jeopardising any particular successful area of local work. A brief financial review of the year. We have exceeded our financial targets for the year. This is mainly due to unforeseen circumstance in regard to the pension repayment and timing difference for the 24/5 Youth worker grant. Income All churches have been able to maintain their assessments. The circuit used some reserves (as per the budget). We have continued to receive rental income from the manse in Whickham and have received two grants towards the costs of the Mission and Youth Workers. Expenditure Salaries and Stipends were increased in line with Methodist Church policy and the real living wage. 18.77% of unrestricted income was the circuit contribution to the district and connexion (20.83% of total costs). Other expenditure includes manse costs, travel costs etc. As of 31[st] August 2024, the net circuit unrestricted assets were £335,192. Basis of preparation and legal framework The charities annual report and accounts for the year ended 31[st] 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 Standard (FRS) 102”. Full name of charity - South West Tyneside Methodist Circuit. Registered Charity Number 1133266 Date of Registration - 1[st] September 2009 Main Contract Address Circuit Office, Strathmore Road Methodist Church, Tyne & Wear, NE39 1HX The members of the South West Tyneside Circuit Meeting are the Charity Trustees, membership being made up of circuit office holders, ministers, representatives to synod and representatives appointed by local churches. Full membership list is attached. Circuit Ministers and Officers Rev Ann Varker Rev Janet Capstick Rev Trevor Capstick Rev Brigitta Steel Rev David Charter Community Mission Worker – Mrs Rachel Charter Circuit Youth Work – Miss Sam Cree Circuit Stewards Mrs Irene Middlemass Mrs Lyn Cookson Mr David Gray Mr William Gray Mr Peter Nelmes (treasurer) Mrs Sue Robson Mr Ian Atkinson Mrs Karen Atkinson Lesley Farnworth 27 Coldstream Avenue Leven Fife, KY8 5TN Investments and Bank Accounts Central Finance Board of the Methodist Church. Trustees for Methodist Church Purposes CAF Bank Lloyds Bank Aims and Organization Charity objective is to act as a resource provider within the area around South West Tyneside 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 organizations 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 organization 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 the bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy services into the local university and other institutions. ## Public Benefit We confirm that the trustees have had regard to the Charity Commissions guidance on public benefit. Structure Governance and Management The governing document for the circuit is the Deed of Union (1932) and the Methodist Church Act (1976). Detailed governance arrangements are outlines 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 and the Circuit Finance and Property Committee (Part of the CLT) and the circuit Policy Committee (Part of the CLT). 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 Newcastle upon Tyne District and is also accountable to the Methodist Conference. The following Churches are linked to the circuit, Blaydon Burnopfield Fellside ## Spoor Strathmore Road – two sites – Rowlands Gill and Chopwell, Whitehall Road. ## Risk Management All major risks identified will be recorded by the Circuit Leadership Team (none have been identified) and professional advice will be taken if required. Income and expenditure are monitored in total and 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 people in Gods own image and likeness. Christians see this potential as fulfilled by God’s recreation od us in Christ. Among other things this implies a duty to value all people as being in the image of God and therefore to protect them from harm. Methodist Connexional practice outlines commitment to the following principals – The care, nurture and respectful pastoral ministry with all children, young people, and adults. The safeguarding and protection of all children, young people and adults when they are vulnerable. The establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse. We will carefully select and train all those with any responsibility within the church in line with the Safer Recruitment principals, including the use of criminal records, disclosures, and registration with the relevant vetting and barring schemes. We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation. We will seek to work with anyone who has suffered abuse developing with them an appropriate ministry and informed personal care. We will seek to challenge any abuse of power, especially by anyone in a position of trust. 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 principals we will follow legislation, guidance and recognised good practice. The South West Tyneside Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy, governance, legislation, guidance and safe practice in the circuit and in the churches. The South West Tyneside 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. The Reserves Policy document is attached. Notes to the Accounts 1 Basis of accounting The financial statements have been prepared underth¥ Char*iè$ ALt 2011 in accoTdance with the 2014 version of Accounting and Reporting by Charrties." Statement of Reeommandad Pradic• ISORPI app5icabk to charities preparing their aCc￿unts in accordance wtth FRS102-th& Ch8riti"8s SORP IFRS1021 and tsking note ofthe Update Bulletin 1 issued in 2016. 2 Funds The ft¢nds held ctsnstrtute". General Funds held for any purpose of the Circurt vthich are Unrèstnrt8d The Circ(trit Model Trust Fund has wldè purposès defined in Standing Orders and is categorised a$ unrestndad. Rastric4ed funds which are held for 8 narrower purposé. Thère ara no Endowment funds. Details of each malerlal fjJn¢J aro drsctosed in the final note lo these a¢counts. Any funds may be r•piesented by more than just ￿$h. 3 Accountlng pollcies Basis These a¢¢ounts have beèn pr8p8f8d on the basis of historical c05t except that Investrnnts 8rè shown at their TfoTk8t valu¥ at the &nd of tha year. on the aceruals basis to show a true and fair view of thtr Cir¢urt's financial posf(ion and a¢twities. Incorning Resources Income is included in the Statement of Flnancial ActMtl8s ISOFAI whan the Circuf( becomes entthd to the resources, and the trustees are reasonabty certaln th&y will receNe tho resources., and the monetary v4lu• ¢an b¥ measured wrth Suffic￿nt reliabilty. Resources Expended This is Fecognisèd whèn a liabilty is incurred, or a CDnstructNe obligation arise5, that rèsutts In the payment being unavoidable Liabl14t￿S ale r8cognised as soon as an ouffiow of econom* btrrefft ts ¢onsidorad nKJre lik8ly than not under thè16gal or construclNe obligation comm*ting the Circuit to pay out r*$o¥re&s. Grants Grants mad8 by the CiTcuf( from its ￿ funds are recognised in fvll atthe lime of agroemènt OT when the Cwcuit a¢cept5 that there is 8 1¢981 or oparational obligatR)n to make the payment. VAT Sin¢8 th& Circuit is ncl VAT regL8tored, all input VAT 15 ¢harged wbth th¢ oxwn$8S tc¢ which i( refer& Tangible fixed assets for use by the Circuit Tangible fixed assets are ¢ap*alised Irth&y ¢8n b¢ usad fof more than one year, and c051 at least £500. The freehold property is Shown in thè a¢counts at 2￿23 insurance values ol the buildings. No deprèciation is provided on the buildlng bècgusé tha trustaes consider the current residual fair value of the mansè buildings lon the asstJmptK¢n that r( had not reached the end of ts usoful o¢onomic lifv by the y•arondl to be not les5 than ts ¢urr*nt value. Any depreck*ion would not be fTrdterial. Investment Propertles Investment properties- no property is currently deemed to not bè hèkl for the long term Purposes of the ¢harty. Investments Investments are valued in the balance sheet at market valuo at thè yèar ènd. Inv8Stment income i5 includod in th• accounts when receNable and any gains or1055es on r¢valu¥tion * the year &nd are shown in the SOFA 4 Payment to Trustees There wer$ no payments made lo tru5tee5 for addrtKJnal SeN￿S provided lo the Circurt by agrwnent with the Cw¢urt Mèèting. this excludes stspends. Trustee eynses 2023124 202W23 Number of Trustees Total amount £0 £0 5 Fees for examlnatlon or audit of the accounts 2023r24 2022r23 IndeperKlent examinerfs or audftors, fees for reporting on the a¢o)unts Oltter fees (eg: adwce. accountancy seNlces) pahj to the independenl examiner or auditor NIL NIL 6 Paid employees Staff Costs paid during the year wern: Gross wages, salartes and benefrts in kind Employerfs National Insurance costs Pension costs Total staff costs 2023r24 2022123 44221 51547 2979 1776 48976 4595 1667 57B07 Average numbfrr of fu114ime equlvalent employees in the year re: 7 Capital Commitments and Contingent Liabilities At the 31st August 2024 the￿ are no caprtal commitments. No Contingent liabilrties were Klentffied at 31st August 2024. 8 For infOrn￿tion only Money receI￿d lind passed on to ExterMI (￿lsUt[￿S 2023r24 2022123 Balance brought f0Th4ard from last year OfferlngslGifts - feceived for Extemal Organisations OfferingslGffts - passed to Exlemal Organisations Balance carried forward 9 Tangible Flxed Assets Cost or valualion Flxturns, ffttings and equipment PaymFrts ori a￿Unt *nd a¥¥et• under constructlon other bulkllngs Land Mansos Tolal Balance trKou hl foNanl 1781185 52851 1833818 Addition5 Revaluations Dls saLs Transfers ' 2257814 58438 2316252 Balance carried foryiard 1781165 2257814 111089 4150068 Accumulated depreciation Balance brou hl fopN8rd Depreclation charge for RevalUat￿n$ Dis sals Transfefs" Balance carried fophfa Net book value Brou ht forward 1781185 52651 1833816 Carried forward 1781185 2257814 111089 4150068 There were no additions, however with the closure of Sunniside Methodist Church this has been transferred to the circjjit trustees during the year at deemed valuation. 10 Investment assets The circuit has no Invastmont prowrtlos The circuit has no common investment fund holdings 11 Loans Ttte circu￿ curfenlty has no loans 12 Analysls of restricted and designated funds 2023-24 Restricted Fund Name Opening Balance Incoming Resources Resources Expendod Transfvrs Closing Balance Purpose of the fund Community Mission Worker 1830 20454 -10000 12284 Support for individuaks in cific need Sunni8kJe- Restrirted funds 213 12395 12808 Heating, offjan and fabric funds TotaLs 1830 20867 2395 24892 "Comparative 8naly&s of restricted and designated fvnds 2022-2023 Rostrict•d Fund Namo Opening Balance Incoming Resources ResouT¢OS Expended Transfers Closing Balance Purpos• of the fund Community Mission Worker 17659 2761 18590 1830 Support for individuals in cific need Totals 17659 2761 18590 1830 Name of Circuit South West Tyneside Clrcuft No 20115 ststement of Financial Activities (SOFA) for the year ended 31 August 2024 CSrcult Mod•l Oe8lgnat•d G•n•ral Fund TfU•t Fun •¢¢ount• IUnwtrict•dl IUnrn8trlctsdl lunrv8trlct￿} R￿tr￿ted Endowmenl Total Fund* Fund8 2023-24 Incom• 1 Donab"ons and l898¢iO8 2 Income frorn monelary In¥&8bTre 3 Income Irorn investment prowtrs 4 Assessrnents on Churth&s 5 Caprtal Re￿ipts 6 Grants received 7 Other charitable incom8 8 Totsl In¢on 295,316 295.316 20,ClaO 367 20.667 20,000 71,828 387,444 13,752 309,068 57,709 57,709 Expendlture 9 Grants and donation3 10 Salartos and asswat¢d ts)sts 11 Property maintenanco 12 Conne￿onal asses8rTrent & model tnmt 13 District Assessr￿ & Lewy 14 Depreciation 15 Office expense8 16 Oth8r outgoing$ 17 Toi•l charltable expendlturn 18 GaIn￿{lo$seSI on rnor￿ry inveslments 19 Gainsllloss•s} on invÈ$trr￿nI propert*s 20 N•t IneomW(•xwidliuTel 21 Tf8nsfers funds 22 Other g8inslllosse81 23 Ntrt movemont In lundB 24 Total funds brought lorward 25 Totsl funds ￿rrIed lon¥ard 1.*ql5 239,688 19.5fyJ 20,915 239.686 10,889 10.689 89.414 69,414 5.579 32279 354,437 5.579 32,279 384,626 30.189 27.$20 20,887 10,CQO 12,395 23,062 1,830 24.892 2018 10.0 7,707 -27,662 85.7T7 50.115 20,102 22.920 337, 164 360,084 27,S20 249,557 277,077 2QMi Balance Sh¢•t a8 at 31 August 2024 ,4iz 412 T 1gJMthI 116 fjD.Iis .11$ .11J Notes to the Accounts 1 Basis of accounting The financial statements have been prepared underth¥ Char*iè$ ALt 2011 in accoTdance with the 2014 version of Accounting and Reporting by Charrties." Statement of Reeommandad Pradic• ISORPI app5icabk to charities preparing their aCc￿unts in accordance wtth FRS102-th& Ch8riti"8s SORP IFRS1021 and tsking note ofthe Update Bulletin 1 issued in 2016. 2 Funds The ft¢nds held ctsnstrtute". General Funds held for any purpose of the Circurt vthich are Unrèstnrt8d The Circ(trit Model Trust Fund has wldè purposès defined in Standing Orders and is categorised a$ unrestndad. Rastric4ed funds which are held for 8 narrower purposé. Thère ara no Endowment funds. Details of each malerlal fjJn¢J aro drsctosed in the final note lo these a¢counts. Any funds may be r•piesented by more than just ￿$h. 3 Accountlng pollcies Basis These a¢¢ounts have beèn pr8p8f8d on the basis of historical c05t except that Investrnnts 8rè shown at their TfoTk8t valu¥ at the &nd of tha year. on the aceruals basis to show a true and fair view of thtr Cir¢urt's financial posf(ion and a¢twities. Incorning Resources Income is included in the Statement of Flnancial ActMtl8s ISOFAI whan the Circuf( becomes entthd to the resources, and the trustees are reasonabty certaln th&y will receNe tho resources., and the monetary v4lu• ¢an b¥ measured wrth Suffic￿nt reliabilty. Resources Expended This is Fecognisèd whèn a liabilty is incurred, or a CDnstructNe obligation arise5, that rèsutts In the payment being unavoidable Liabl14t￿S ale r8cognised as soon as an ouffiow of econom* btrrefft ts ¢onsidorad nKJre lik8ly than not under thè16gal or construclNe obligation comm*ting the Circuit to pay out r*$o¥re&s. Grants Grants mad8 by the CiTcuf( from its ￿ funds are recognised in fvll atthe lime of agroemènt OT when the Cwcuit a¢cept5 that there is 8 1¢981 or oparational obligatR)n to make the payment. VAT Sin¢8 th& Circuit is ncl VAT regL8tored, all input VAT 15 ¢harged wbth th¢ oxwn$8S tc¢ which i( refer& Tangible fixed assets for use by the Circuit Tangible fixed assets are ¢ap*alised Irth&y ¢8n b¢ usad fof more than one year, and c051 at least £500. The freehold property is Shown in thè a¢counts at 2￿23 insurance values ol the buildings. No deprèciation is provided on the buildlng bècgusé tha trustaes consider the current residual fair value of the mansè buildings lon the asstJmptK¢n that r( had not reached the end of ts usoful o¢onomic lifv by the y•arondl to be not les5 than ts ¢urr*nt value. Any depreck*ion would not be fTrdterial. Investment Propertles Investment properties- no property is currently deemed to not bè hèkl for the long term Purposes of the ¢harty. Investments Investments are valued in the balance sheet at market valuo at thè yèar ènd. Inv8Stment income i5 includod in th• accounts when receNable and any gains or1055es on r¢valu¥tion * the year &nd are shown in the SOFA 4 Payment to Trustees There wer$ no payments made lo tru5tee5 for addrtKJnal SeN￿S provided lo the Circurt by agrwnent with the Cw¢urt Mèèting. this excludes stspends. Trustee eynses 2023124 202W23 Number of Trustees Total amount £0 £0 5 Fees for examlnatlon or audit of the accounts 2023r24 2022r23 IndeperKlent examinerfs or audftors, fees for reporting on the a¢o)unts Oltter fees (eg: adwce. accountancy seNlces) pahj to the independenl examiner or auditor NIL NIL 6 Paid employees Staff Costs paid during the year wern: Gross wages, salartes and benefrts in kind Employerfs National Insurance costs Pension costs Total staff costs 2023r24 2022123 44221 51547 2979 1776 48976 4595 1667 57B07 Average numbfrr of fu114ime equlvalent employees in the year re: 7 Capital Commitments and Contingent Liabilities At the 31st August 2024 the￿ are no caprtal commitments. No Contingent liabilrties were Klentffied at 31st August 2024. 8 For infOrn￿tion only Money receI￿d lind passed on to ExterMI (￿lsUt[￿S 2023r24 2022123 Balance brought f0Th4ard from last year OfferlngslGifts - feceived for Extemal Organisations OfferingslGffts - passed to Exlemal Organisations Balance carried forward 9 Tangible Flxed Assets Cost or valualion Flxturns, ffttings and equipment PaymFrts ori a￿Unt *nd a¥¥et• under constructlon other bulkllngs Land Mansos Tolal Balance trKou hl foNanl 1781185 52851 1833818 Addition5 Revaluations Dls saLs Transfers ' 2257814 58438 2316252 Balance carried foryiard 1781165 2257814 111089 4150068 Accumulated depreciation Balance brou hl fopN8rd Depreclation charge for RevalUat￿n$ Dis sals Transfefs" Balance carried fophfa Net book value Brou ht forward 1781185 52651 1833816 Carried forward 1781185 2257814 111089 4150068 There were no additions, however with the closure of Sunniside Methodist Church this has been transferred to the circjjit trustees during the year at deemed valuation. 10 Investment assets The circuit has no Invastmont prowrtlos The circuit has no common investment fund holdings 11 Loans Ttte circu￿ curfenlty has no loans 12 Analysls of restricted and designated funds 2023-24 Restricted Fund Name Opening Balance Incoming Resources Resources Expendod Transfvrs Closing Balance Purpose of the fund Community Mission Worker 1830 20454 -10000 12284 Support for individuaks in cific need Sunni8kJe- Restrirted funds 213 12395 12808 Heating, offjan and fabric funds TotaLs 1830 20867 2395 24892 "Comparative 8naly&s of restricted and designated fvnds 2022-2023 Rostrict•d Fund Namo Opening Balance Incoming Resources ResouT¢OS Expended Transfers Closing Balance Purpos• of the fund Community Mission Worker 17659 2761 18590 1830 Support for individuals in cific need Totals 17659 2761 18590 1830 Name of Circuit South West Tyneside Clrcuft No 20115 ststement of Financial Activities (SOFA) for the year ended 31 August 2024 CSrcult Mod•l Oe8lgnat•d G•n•ral Fund TfU•t Fun •¢¢ount• IUnwtrict•dl IUnrn8trlctsdl lunrv8trlct￿} R￿tr￿ted Endowmenl Total Fund* Fund8 2023-24 Incom• 1 Donab"ons and l898¢iO8 2 Income frorn monelary In¥&8bTre 3 Income Irorn investment prowtrs 4 Assessrnents on Churth&s 5 Caprtal Re￿ipts 6 Grants received 7 Other charitable incom8 8 Totsl In¢on 295,316 295.316 20,ClaO 367 20.667 20,000 71,828 387,444 13,752 309,068 57,709 57,709 Expendlture 9 Grants and donation3 10 Salartos and asswat¢d ts)sts 11 Property maintenanco 12 Conne￿onal asses8rTrent & model tnmt 13 District Assessr￿ & Lewy 14 Depreciation 15 Office expense8 16 Oth8r outgoing$ 17 Toi•l charltable expendlturn 18 GaIn￿{lo$seSI on rnor￿ry inveslments 19 Gainsllloss•s} on invÈ$trr￿nI propert*s 20 N•t IneomW(•xwidliuTel 21 Tf8nsfers funds 22 Other g8inslllosse81 23 Ntrt movemont In lundB 24 Total funds brought lorward 25 Totsl funds ￿rrIed lon¥ard 1.*ql5 239,688 19.5fyJ 20,915 239.686 10,889 10.689 89.414 69,414 5.579 32279 354,437 5.579 32,279 384,626 30.189 27.$20 20,887 10,CQO 12,395 23,062 1,830 24.892 2018 10.0 7,707 -27,662 85.7T7 50.115 20,102 22.920 337, 164 360,084 27,S20 249,557 277,077 2QMi Balance Sh¢•t a8 at 31 August 2024 ,4iz 412 T 1gJMthI 116 fjD.Iis .11$ .11J