The Methodist Church -kn d.wesi Devon Methodlst Cipcuit Registered Charity Number: 1134070 Trustees Annual Report Statement of Annual Financial Accounts Year ended 31st August 2024
Name of Circuit . WEST DEVON Circuit No.. 24124 statement of Financial Activities (SOFA) for the year ended 31 August 2024 Income 1 Donations and fe aCAes 2 Incoine frorn monetary inveslmenls 3 Income from inveslmenl properties 4 Assessments on Churches 5 Capital Receipts 6 Gran15 roceive¢ 7 Other charitsble income 8 Tota5 income 5,412 18,5e1 116,912 12,909 18,338 18,SSI 116.912 9.956 9,9S8 21,156 184.935 11,031 151,916 10.125 23,034 9.968 17 endltura 9 Grants and donali9Tr5 10 Salaries cind assoclaled costs 11 Prop¢ty maintenance 12 Lonnexional assessment & model trust le 13 Dislrlci A55e5smenl & Levy 14 Depreoation 15 Officc oxpenseg 16 Other oulgoin 17 Total charltable expgndtture 18 Gainslllosses on monela investments 19 Gainslllossesl on Inveslnienl pro ertie$ 20 Net incomellexpènditurg) 21 Transfers between funtt$ 22 Other ainsl 1055esl 23 Net movemgnl In funds 24 Total funds brou£ht fnrward 25 Total funds carried forthvard 2,164 78.599 24.502 2.104 118,399 24.$02 9.464 29,454 40,0 9.4e4 28.77? 2.008 35.322 171,357 2.008 35.322 221,513 10,146 40,OOQ -18,451 422 12.688 40,000 9.968 17 46,578 422 -111,029 152,810 133,781 12,818 49,282 82,17 40,000 190,000 IBo,ooo 9.968 405 6,57 392,497 355,919 405
Name of Circuit: WEST DEVON Circuit No: 24124 Statement of Financial Activities (SOFA) for the year ended 31 August 2023 Income 1 Donations and legacies 2 Income from monetary investments 3 Income from investment properties 4 Assessments on Churches 3,974 19,690 108,566 9,453 13,427 19,690 108,666 5 Capital Receipts 6 Grants received 2,500 2,500 13,862 158,145 7 Other charitable income 8 Total income 11,332 143,662 2,530 2,530 9,453 2,500 Expenditure 9 Grants and donations 1,000 98,280 7,525 110,000 2,530 113,530 100,780 7,525 18,177 24,600 10 Salaries and associated costs 2,500 11 Property maintenance 12 Connexional assessrnent & model trust levy 13 District Assessment & Levy 14 0epree,iation 15 Office expenses 16 Other outgoings 17 Totsl charitable expenditure 18 Gainsl(lossesl on monelary investments 19 Gainsl(lossesl on investmenl properties 20 Net incomel(exwnditurel 21 Transfers belween funds 22 Other gainsl{lossesl 23 Net movement In funds 18,177 1,023 23,577 4,337 27,799 162,518 -65 4,337 27,799 296,748 -71 129,200 2,530 2,500 -18,921 5,438 -119,747 -10,000 -138,674 10,000 -1,143 4,295 -13,483 166,293 152,819 -129,747 179,029 49,282 10,000 180,000 190,000 -1,143 1,143 4,301 4,706 405 -138,674 531,171 392,497 24 Total funds brought forward 25 Total funds (arried fgrward
Name of Circuit: West Devon Circuit No 24124 Balance Sheet as at 31 August 2024 Totals 2023124 Totals 2022123 Fixed Assets Circuit Manses & Equipment Investment properties Investments 842,329 842,329 842,329 Total fixed assets 842,329 842,329 842,329 Current Assets Debtors 3,559 2,000 239,687 119,574 28,135 392,955 Loans by the Circuit Investments with TMCP Centra5 Finance Board Deposits Cash at Bank and in hand Total current assets Current liabilities Creditors (due in under 1 year) Grants p8yable within 2022-23 Total Current Ilabllitles Net current assets/liabilitles 7,000 7,000 172,170 152,793 23,957 355,920 22,170 150,000 142,825 23,957 173,782 9,968 22,170 150,000 9,968 458 458 1,234,826 173,782 22,170 150,000 9,968 1,198,249 Total assets less current liabilities 1,016,111 22,170 150,000 9,968 1,198,249 1,234,826 Long term liabilities Idue after more than one year) Grants payable after 2022-23 Laans to the Circuit Net assets 1,D16,111 22,170 150,000 9.968 1,198,249 1,234,826 Funds of the Circuit General Fund (Unrestricted) Circuit Model Trust Fund (Unrestricted) Designated Funds (Unrestricted) Total Unrestncted Funds Restricted Funds 1,016,111 1,016,111 995,139 22,170 22,170 150,000 1,188,281 9,968 49,282 190,000 1,234,421 150,000 9,968 Endowment Funds 405 1,234,826 Total Funds 1,016.111 22,170 150,000 9,968 1,198,249 Signed dP(t,y Circuit Treasurer
Notes to the Accounts of West Devon Methodist Circuit For the year ended 31st August 2024 1 Basis of accounting The financial statements have been prepared under the Charities Act 2011 in accordan with the 2014 version of Accounting and Reporting for Charities SORP applicable to charities preparing their accounts in accordan with FRS102 and taking note of the update bulletin 1 issued in 2016. 2 Funds The funds held constitute.. General Funds held for any purpose of the Circuit, which are unrestricted. The Circuit Model Trust Fund has wide purposes defined by Standing Orders and is categorised as unrestricted. During the year a Heritage Lottery Fund grant of £9968 was received for specific purposes within the Circuit. None of this had been spent by 31 st August, so it is shown as restricte(J funds on the account. During tt)e year a small Trust fund previously held on our behalf by the Trustees for Methodist Church Purposes has been closed, and the funds (totalling £422) have been transferred into the circuit General Funds. 3 Accounting Policies Basis: These accounts have been prepared on the accruals basis to show 8 true and fair view of the Circuif s financial position and activities. Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably rtain the payment will be received Expenditure is recognised when the liability is incurred. Grants and Donations: Grants made by the Circuit from its own funds are recognised in full at the time of the agreement. During this year payment of £2000 was made for the work of the Methodist District Rural Support Worker, and £164 was donated to Hatherleigh Methodist church toward the Gost of a projector. VAT: sin the circuit is not VAT registered, all input VAT 15 Gharged with the expenses to whiGh it refers. Tangible Fixed Assets for use by the Circuit: Tangible fixed assets include 3 manses. Two of these are let on Assured Shorthold tenancies while we have no ministers to crcupy them. The deemed valuation of the three manses is £732,329, which was the insured value in 2018, and which the trustees consider is th8 appropriate nett value if they were marketed. Nett rents received for the 2 tenanted manses were £18,561. The Circuit also has Managing Trust* responsibilitie5 for Be5stone Chapel, where occasional serViS are held, and where the former Sunday School room is used as a tearoom in this popular Dartmoor village. The estimated sale value of the building is £150,000. If sold this would be subject to an automatic levy of £40,000 by the custodian trustees of the Methodist Connexional Priority Funds, so the net asset value to the Circuit would be £110,000, as included in the Tangible Fixed Assets. Investments: The Circuit does not hold any invested funds liable to changed valuations. All funds are held in Cash accounts with HSBC Bank (current account), Methodist Central Finance Board (depostt account), and Trustees for Methodist Church Purposes (Trustees interest fund) Debtors, Creditors and Prepayments: There were no significant debtors or creditors or prepayments at 31st August 2024
4 Payments to Trustees Payments totalling £1533 were made to trustees, businesses for building services (including materials) provided to the circuit, as agreed by the Managing Trustees. No payments were made to any Trustees for their SeNiS as trustees. 5 Fees for examination of the accounts An Independent Examiner's fee of £275 was paid for portIng on the 2023 accounts. The fee for examination of these accounts is still to be agreed. No other payments will be made for advice or accountancy services. 6 Paid employees The average number of full-time equivalent paid workers VRS 3.5 The total cost of salaries, employels National Insurance, pension contributions was £118599. This included imbursing the Methodist Connexion for the stipend and other costs associated with our full-time ordained minister. 7 Capital Commitments and Contingent Liabilities At 31st August 2024 there are no capital commitments, nor any identified contingent liabilities. 8 Tangible Fixed Assets See note 2 above. There have been no disposals or acquisitions of fixed assets during the year. 9 Loans A longstanding loan of £1000 to Boasley chapel is still outstsnding. The Circuit provided a further £5000 loan to Boasley chapel in April 2024 to enable emergency electrical work to be completed in their premises. This loan is also outstanding. A loan of £1000 (nett) to our Superintendent Minlster to enable him to purchase a new computer was outstanding at 31st August 2024, but has since been repaid in full. 10 Restricted and Designated Funds held @ 31st August 2024. Within the Circuit Model Trust Fund held by the Trustees for Methodist Church Purposes on our behalf, we have designated £150,000 to cover predicted budget deficits in future years. This eXsS of spending will allow us to engage in missional development activities in the next 3 years, which would have been impossible without drawlng on that Fund. (Notes to Circuit accounts 2024)
Name of Circuit.......... No... Declarations and Scrutiny I confirm that these accruals-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 Date...... ft easurer.......... Name and address of treasurer Post rxio luf Presentation to the Circuit meeting I confinn that the annual report and accounts for the year ended 31 August 2024 werelwill . be presented to the Circuit meeting held on: Jl Signature of the Chair of the weeting.. Name of the Chair of the meeting: . ..£.:.4 .-.74.k.li.%'................ Date Independent Examiner's Report to the Trustees of the Circuit 1 (3.*.o 7C) Charity Number.. ... Responsibilities and basis of report ort to the trustees on my examination of the accounts of the Circuit for the year ended 31 August 2024 set out on pages . to As the Circurt's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Circuivs 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. delete or circle as appropriate
Name of Circuit . .&S.f ...b..e.v..Qhl............... Independent Examiner's Statement rrhe Circuit's gross income exceeded £250,000 and l am qualified lo undertake the examination by being a qualified member of (insert name of applicable listed body)]. Delete [ ] if not applicable. 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.. the accounting records were not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records; or the accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view, which is not a matter considered as part of an independent examination Delete rfnot applicable i.e. all R&P accounts the trustees, annual report is not consistent with the accounts Delete if not applicable i.e. all R&P accounts. I have no concems 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 havelhave 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, Narne of independent examiner.. Relevant professional qualification of independent examiner: Name of firm (where appropriate): Address: iJk@,',4tp.p!p:"; Post Code:
WEST DEVON MEfHODisf CIRCUIT ANNUAL TRUSTEES, REPORT FOR YEAR ENDING 31st AUGUST 2024 INTRODUCTION The West Devon Circuit is situated to the north-west of Dartmoor and is spread over approx. 400 sq miles. The Circuit currently serves twelve active churches, with memberships ranging from S to 67, and has a total membership of 255. AIMS AND ORGANISATION The Charity objective 15 to act as a resource provider within the area 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 3) The Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; bl Any charitable purpose for the time being of any Connexion31. Distrlct, Circuit, local or other ortdnisation of the Methodist Churth,. cl Any charitable purpose for the time being of any society, or institution, 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 Specifically, we engage with.. The organisation and resourcing of re8ular public acts of worship open to members of the church and non- members alike. The teaching of Christianity through sermons, courses and small Eroups. The resourcing of pastoral work including visitlng the sick and bereaved. The resourcln8 of children, youth and families work Including work in schools, clubs and local events. Promotion of Christianity through the Staging of events and services. Provision of support at local care homes and other institutions. The Circuit's Mission Statement is: To be a wltness to God's love in Christ. to serve the community In the name of Chrlst; to build God's kingdom In the power of the Holy Spirit, We seek to accomplish this by.. equipping people to be effectlve disciples; to engage wlth inspiring and challenging worshlp. to share in the mlnlstries of the church. encouraging the Clrcuit Churches to identify and Share resources with one another and ecumenically. engaging with and Supporting those who work for better community life, both locally and globally. exploring opportunities for releasing lay workers and others to work in the church and comrnunity. ANNUAL REVIEW At the end of the reporting year, the Circuit staff comprised of.. The Superlntendent Minister, a Family Worker Ifull-time), two Lay Assistants Ipart-time} and an Admlnlstrator Ipart-timel. Members at Madworthy completed the first stage of a major renovation scheme to make the property more 5Ultable for different style5 of worship and events as well as becoming a rural resource centre, At Petrockstowe, the Methodist and CofE congregations have completed the formal process of forming a Local Ecumenical Partnership. The Circuit W35 successful in a grant application to the National Lottery for a Heritage Project. The grant of £9,968 is to cover the majority of costs in supporting a programme of community 3Ctivities. The project follows on from the momentum created by national recognition of Providen Chapel. winner of the England and overall UK 'Open for Visitors. National Churches Trust Awards. The project will include: taster day5 to be a forum of sharing local knowledge,. Songs & Folklore Concerts by Jim Causley,. two films highlighting unrecognised historie5 of Chapels,. one Heritage Writer- in-residence andlor a Series of creative writing workshops. The Manses at Hatherleigh and Northlew are let with the tenancies managed by StaES Estate Agents. who undertake regular maintenance checks and report back to the Circuit. Management charges are 12Yo + VAT of rent5 collected. INCOME Circuit incorne is primarily drawn from the assessment paid by the Circuit Churches. There is a150 rental income relating to the rental of the Manses at Hatherleigh and NDrthlew.
EXPENDITURE Stipend and salary expenditure has increased each financial year in line with increases set by the Methodist Conference and the Living Wage Foundation. Approximately 15% of normal expenditure was the Circuit's contribution to the District and Connexion, used to fund the work of the wider Methodist Church. Funding for the part-timo Administrator and other additional expenditure incurred for lay ministry work were taken from reserves. FUND BALANCES As at 31st August 2024, total funds held were £355,919 including 3 repayable loans totalling £7,000. The balances include a restricted fu nd (Lottery Funding for the Heritage Project) as well as funds held by The Trustees for Methodist Purposes ITMCPI. A proportion of this is designated for payment of staff in the coming year as we are not likely to generate enough revenue income to fully cover projected expenditure. RESERVES POLICY Policy for General Funds The Circuit Meeting acknowledges the policy of the Methodist Ch urch in relation to financial reserves and at this point will endeavour to maintain a reserve amounting to six months general expenditure £105,000. This should be sufficient to meet any unforeseen expenditure on Manses: to meet the stipend of the Superintendent Minister and to fulfil our District assessment,. whilst enabling the ongoing work and witness of the Clrcuit throuEh missional and outreach opportunities to continue and develop. Funds held for Specific purposes.. £1S0,OOD has been designated to help meet salarie5 and other expenses of lay workers over com ing years, This policy will be revlewed annually by the Clrcult Trustees. TRUSTEES as at 31st August 2024 Mrs Margaret Allin Mr Richard Balsdon Mrs Barbara Dalton Miss Winifred Davey Mrs Beryl Down Mr David Down Mr Ken Down Mrs Marlene Hunkin Rev. Chri5 Jackson Ichairl Mr David James Mr Deanjames Mrs Ruth James Mrs Linda Kyle Mr Alan Marshall Mr Alan Partridge Mr Ken Srnallacombe Mrs Anne Searle Mr Barry Searle Mr lan Trenaman Mrs Daisy Bray Mr Michael Cole Mrs Christine Cottle Mrs Dorothy Couch Mrs Jackie Crawford Mr Mlke Curtlce Miss Sandra Trenaman Mrs Pam Down Mrs Lucy Gilbert Mlss Brenda Hockridge Mr Owen Vanstone Mrs Judy Waterer Mr5 Lynda Whitworth Mr Gary Yate5 PR ORITIES FOR 2024 25 Circuit financial plans for the coming year have been prepared on the ba515 that staffing levels remain the Same. The staff team will work with the trustees, and their appointed officers, to en8age wlth church and community activities appropriate to changing circumstsnces. LOOKING FORWARD TO 2024 25 To review staffing needs and recruit if appropriate. Plan and implement the Heritage Project programme. To contin ue to develop pastoral eare with in each church community with the support of the Lay Assistants. All Lay Staff on the Circuit Ministry Team ILay Assistants and Family Worker) to continue to meet on a regular basis for mutual Support with the Superintendent Minister. To identify training and Support opportunities for different office holders within the Circuit. To encourage Churches within the Circ¢Jit to develop their Christian worship and witness. and to explore new ways of engaging with and Serving local communities, especially to build on any new initiatives that have been started during recent years. Ensure that all those within the Circuit who should attend Safeguarding Training do so - Foundation and Advanced Modules as appropriate. CHARITY COMMISSION NO: 1134070 DATE OF REGISTRATION.. 0410212010
The Charity's annual report and accounts for the year ended 31st August 2022 have been prepared in accordance with the Charitie5 Art 2011 and the Charitie5.' Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard IFRSI 102. The members of the West Devon Methodist Circuit Meeting are the Charity Trustees. membership being made up of circuit office holders, the superintendent minister and representatives appointed by the local churches. CONTACT.. Rev. Chris Jackson, 42 Leeze Park, Qkehampton, EX20 IEE EMAIL: chris.jackson7@gmail.com ACTIVE CIRCUIT MINISTER Rev. Chris Jackson CIRCUIT STEWARDS Mrs Barbara Dalton Mr Dean James Mrs Ruth James Mr Alan Marshall CI RCUIT TREASURER Mr Alan Partrldge CIRCUIT LAY WORKERS Family Worker.. Mlss Sarah Balsdon Lay Assistants: Mrs Angela Banfield, Mrs Vicki Penfound CIRCUIT ADMINISTRATOR Miss Sandra Trenaman INDEPENDENT EXAMINER Mr 8arry Bufton, Shellyhams, South Tawton, Okehampton, EX20 2RG BANKERS Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes HSBC PUBLIC BENEFIT We confirm the trustees have had regard to the Charity Corn mi55i0n's guidante on public benefit. STRUCTURE GOVERNANCE AND MANAGEMENT The governing document for the Circuit is the Deed of Union {19321 and Methodist Church Act119761. Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Ch urch by order of the annual conference ICPDI. Day to day management of the Circuit is undertaken by the Circu it Leadership Team {Superintendent Minister, Circuit Stewards, Circuit Treasurer & Admini5tratorl along with the Circuit Meeting and the Local Preachers, Meeting. TRUSTEE TRAINING A range of guidance produced by the Methodist Connexicn to support the effective running of the Circuit. specifically the leaflet, 'The Role of a Trustee in The Methodist Chu rch, is available for all new Circuit Meeting members as induction to their role as trustees. RELATED PARTIES The Circuit is part of the Plymouth & Exeter District and is also accountable to the Methodist Conference. The following are linked to the Circuit- Boasley Methodist Church Bridestowe Methodist Church Iddesleigh Methodist Church Madworthy Methodist Church NDrthlew Methodist Church Petrockstowe Community Church Providence Methodist Church Chilla Methodist Church Exbourne Methodist Church Fairplace Church Iokehamptonl Hatherleigh Methodist Church Winkleigh Methodist Church
RISK MANAGEMENT All special activitie5 and events organised on behalf of the circuit are risk assessed in advance. Where appropriate, additional Insuran cover 15 taken out against major risks which have been identified. Income and Expenditure is monitored 2nd is compared with the approved annual budget on a regular basi5 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 u5 in Christ. Among other things, this implies a duty to value all people as bearing the image of God and therefore to protett them from harm. Methodist Connexional practi outlines commitment to the following principles: the care 3nd nurture of. and respectf ul pastoral ministry with, all children. young people and adults. the safeguarding and protettion 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 danEers of abuse. We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosu res and registration with the relevant vetting and barring schemes. We will respond wlthout delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperatlng wlth the police and local authority in any investigation. We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministiy of informed pastoral care. • We wlll seek to challenge any abuse of power, especially by 3 nyone n 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 communlty known to have offended against a child. young person or vulnerable adult. In all these principles we wlll follow legislation, guidance ané recognised good practice, The West Devon Circuit commits itself to ensuring the Implementation of Connexional Safe8uardinB Policy- government legislation, guidance and safe practice in the Circuit and in the Churches. The West Devon Circuit commits itself to the provision of su pport, advice and tralnlng for lay and ordained people that will ensure people are clear and confident about their role5 and responsibilities in safeguarding and promotin8 the welfare of children and adults who may be vulnerable.