REGISTERED CHARITY NUMPER: 1134167 REPORT OF TrIE TRUSTEES AND FINANaALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 BIRMINGHAM DISTrICT OFTHE METHODIST CHURCH J W Hlnks LLP Chartered Accountants and Statutwy Audltors 19 HlghflÈld Road Ed8baston Binnln8ham 815 3BH BIRMINGHAM DlStRicr OF THE m￿H0￿1sT CHURCH CONTENTS OFTHE FINANaAL STATEMENTS FOR THÉ YEAR ENDED JI AUGUST 21R4 Pa Rapgrt olth•Trust• R•portofthe Ind•pend￿l Audltors to 12 St•t•ment af FINnd•l Actl¥ltl•i B•knnt• She41 14 to 15 Cmh Flowstsi•m•nl 16 Notu toth• C41h Flow St•t•m•nt 17 Nthaito the Fkn•ndal St4l•m•nts to 34 8IAMINGHAM DISTRicr OFTHE MEnioDisf CHURCH REPORT OF IHE TRUSTEES K>R THE YEAR ENOEO 31 AU6L15T Z024 The trusttes present thelr report wlth the flnanclal statements of the charlty lor the year ended 31 August 2024. The tN5tees have adopted the pro￿550n$ of Accountlng and ReportlnB by Charltles.. Statement of Recommended Practlce appllcabk io charltles preparing thelr atcounts In accordance wlth the Ftybanclal R¢poitlfi8 Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND AcrivmES Oblertlves and alrns Method15ts belong to local thurches or ecumeThlcal partnershlps, but also feel part of a larger connetted communlty, the Connexlon. There are around 4,0(￿ Methodlst churches across the country. 8rouped wlthln clr£ults. Qlfmln8ham Methodlst D15tdrt15 one of 30 dlstrlcts wtthln the Methodlst Church In Brltaln and comprfses some 120- 130 churches, grosjped in 10 drcults acrgss Blrmifi8ham, Worcestershlre, Wa￿￿ck$hIT4 Herefordshlfe and Staffo¢dshire. "The calllrq of the Methodlst Churth Is to Te5pond to the 8ospel of God'5 love In Chr15t and to Ilve out Its d15clplesNp In worshlp and mlsslon. It dces thls throuBh worshlp learn1￿ and carin& servlo and evaThqellsm.' The 81rmlnBham Methodlst Dlstrlct seeks to be a network ol¢gmmunltles where people are Included and 8row, belng transformed by the love ol God and shaflng thelr st¢)ry of God's grace. In collabgratlon wlth others where posslble the Dlstrlct 15 commltted to ¢reatlng sèfer spates and worklng for a lust and sustalnable world. We have a v151on for a gfowln& ev4ngellstlc. lustlce-seeklng and InClU￿ve church wlthout walls. In the power of the Holy SplrlL we seek to 8row dlsclples of jesus Chr15t. Growln¢... In number5 crf new d15clple4 In depth ol dlsclpleshlp, In the trènsfoTmatlon of communltles and soclety. We revlew our alms, oblectlves and actlvltles each yeai. Thls Tevlew looks at what we achleved and the outromes ol our vwrk In the pre￿Ou$ 12 months. The revltw look5 at the success of each key ac¢lvlty and the benefits they have brou8ht to those group5 of people we are sét up to help. The revltw also help5 US to ensure that our #kn, ob5ettfves and actlvltles remained focused on our stated purposes. We have referred to the gUIdan￿ contalned In the Chartty Commlsslon's general guldartt on publlc ben•ffit whtn re¥l￿1n8 tyjr ?Irr¢5 and oblectfve5 and In plannlng our future actI￿tIes. In partlcular, the trustees conslder how planned actlvltles wlll contrlbute to the alms and oblectlves they have set. foc tour The focus of our work contlnue5 to be that of a charlty set up to be a network of communltles wherè people are Included and 8row, belngtransformed by the love of God and sharln8 thelr story of God'sBrace. Publlc tsqnefft In setting our oblecilves and pl?nnln8 our actlvf£les, the trustees have 8lven careful cOn￿deratIOn to the Chaylty CommlssloneTs' general guklance on publlc benefit and, bn partlcular, tg Its supplementary publlc benefit 8uldance on advanclng our obledl¥ei In acrofdance wtth the Charlths Act 2011. Our chwltable activltles have been carrled out wlthln the framework of our pollcy statemenL namely wlth the alm ol growt￿ not oThly withln MethodSsm In BlrmSngham but a550 growth In the outworkin8 of our dlscipleshlp, by seeking to work for the publlc benellt of the community around us. Our thaplalncy and other prolects demonrtlate our alm to show the love of jesus Ch￿st outside the church walls. Page i BIRMINGHAM 01StRICT OFTHE mETH(lO￿T CHURCH REPORT OF THE IRUSfÉES FOR THE YEAR ENDED 31 AUGUSF 2024 OBJECtIVES AND AcnvmES Grantmakl The Resour￿n8 Mlssion Commlttee meets three tlmes a year to oversee thè finarbtt fvnctlon of the dlstrkt, to crtersee dlstrlct property and to approve grants to clreults and churches wlthln the Dlstrlct. Volunteers 81rmlngham Methodlst Dlstrlct Is he￿lY rellant on vdunteers at church, clrcult and dlstrlct level. Volunteers 8lve thelrllme and skllls to further the alms of the dlstrlct. Much of thls work Is ty servln8 on committees and by attln6 a5 trustees. The di5trlct Is yateful to all of them forthelr help and commltmenL Tru5t••s Relmbursements of expenses pald to trustees are dlsdosed In the notes to the accounts. pl￿*nts to trustees for servlces that are requlred by the Dlstrfct are also dlsdosed In the accounts. The 015tflct Coundl ensure5 that any such Se￿c¢S ar• In th8 best Interests of the Olstrltt. Measures are In placeto ensuro that no conlllct pf InieTest ?rl%s from any such payment. ACHIEVEMENY5 AND PERFORMAN Charhble Jrtlvlt1•5 In the year to 31 Au8U5t 2024 rèsources have be•n deployed In thef911￿￿ngw4V$. Our ntw Dlstrlcl Tre3surerwas appalnied durln8the ￿al ended 31 Au8USt 2024 aThd thanks were expre55td to our outgolng D15trfctTreasurer who had sèrved for m￿¥ vears. Thefully slgned audlted accounts were UF4oaded to the tharfty Commlsslon web51te as requlred. Property proJe¢ts ran8lng from 51mple Improvements C05tlng le5S than £lO,OC(I to malor schemescostlng over £500,(XJ) were apprgved. Churches contlnue to Improve thelr facllltles fL* the dlsabled and have also Installed ener8V-53vln8 measufes wlth 27 churches acr055 the 0￿1r1¢t achlevln8 A Rocha Eco-Churchaward5- 16 bronze, 10 ylver and ¢)ne gold award. o The DLstrlct YouthTeam held another sucossfvl Dlstrlct Ampllfyy¢)uth weekend In M¥rch 2024 and thè 81rmlngharn Dlstrtct wa5 well represented at the 3Gen Youth evtnt. The Street Eccleslal Communlty- Street Banquet Is almln8 to lThcr•ase tht communlty of hosts for thlsfalth- rooted dlnlng event In 81imln8ham dty centre. Approxlm*ety gne.thlrd of the Street ganquet'sfomer guests are now hosts of th15 •merBbn8 Chrlstlan ccthmunltv. The New Place5 for New People M15slon ha5 seen tsvo'God for ￿1, Clrcult-led project5 maklng 8 wonderfvl start ihis year- Pecthod Forrest Church In the groms8rove ènd Reddltch Clrcult andthe Stechford Prolect In the 81rmlngham Orcult. The Blrmingham Dlstrirt Is also hostlng ihe Connexlonal falth-rooted Cornmunltv Of8anislng pllot whlchls almed at 5UPPOrtlng local thurch leaders to embed communlty organlsln8 Pfactlces Into thelr Mis￿Onal goals. The 8Irml￿harn Dlstflct has Ilnkswlth theKadoma Methgglst Dlstrl¢t In Zimbabwe and a tsam of 7 made a 5uccessfvl ylslt to Zlmbabwe for 10 days Inoetobw 2023. Page 2 BIRMINfjHAM DlSfRicr OF THE MEtHODISTCHURCH REPORT OF THETRusfEES FOR THE YEAR ENOED 51 AUGUST 2024 FINANCIAL REVIEW Flnanclal posltlon The Statement of Hnandal Attl¥Atles for the year ended 31 August 2024 Shows Incornln8 resources of £1,282.64912023.. £2,2S7,8911 nd resources expended of £l129.66012023.. £1,125.7581, geDeratlng a surplus of income over expendlture totallln8 £152,98912023.. £1,132,133). As a result, the Dlstrbct's net assets have Inueased Irorn E5,947,562 as at 31 August 2023 to E6,ICiI.55135 at 31August 2024. Included ￿thIn net a￿etS as at 31 August 2024 are general and de518nated funds wlth a carryln8 value of £S.044,132 12023.. £3,815.1101 and 3 restrlcted funds ￿th a ¢arryln8 valuè of £1.056,41912023.. 8 re5trlcted funds wlth a carrylng value of £2,132,452). Nv fund was In defic￿ as at 31 Au8USt 2024, Ineome for the year ended 31 August 2024 has decre35td compared to the year ended 31 Au8U5t 20231?r8ely due to the recognI￿oN of an exceptlonal donation totalllnB £1,146.691 recognlsed by the Dlstrlct durlng the year ended 31 AUBUSI 2023. Th15 conslsted of assets transferred to the Blrmlngham Dlstrlct of tht Methodlst Church on I SepteM￿r 2022 from the Blmilngham Methodlst CITcuIt. Synod Inltlally delegated responslblllty for the management of thls fund to 8lmi5n8ham Methodlst UrcuSt but the responslbllltv reverted to the ITh SeptembEr 2022 following a change In Blrmln8ham Methodlst Clrcull's coristltutlon. Thls fund Is rln8-lenced lor actIvI￿e5 wlthln Blrmln8ham clty centre and ded51ons re8ardln8 8rants from the Clty Centre Fund are made by the Dlstrlct Ilesourdng Mlsslon Commlttee. The assets transferred were cash at bank amountlng to £693,767 and a freehold property located at 47 Grove Avenue, Blmiln8ham amountlng to £452,922. No suth exc•P￿Onal Item5 have been recogn15ed by the 8lrrnlDgham Dlstrlct of the Method15t Church duTln8 the year ended 31 AuBurt 2024. The Olstrlct contlnues to ¢)wTr ihe Dlstrlrt manse at 36 Amesbury Road, BITrnln8ham and Wesley Internatlonal House. Blmlngham lone of two Methodlst Pfopertles In Blrmln8ham and mana8ed by BlrmlnBham lThternatlonal Student Homes. a se￿latt chafltyl. The Dlstrkt also contlnue5 to own 47 Grove Avenue, the manse Kcupied by Rev Nell John50n, whlch had been acqulred by tho aty Centre Fund In Maich 2022 for £452,922. before the transfer of the Clty Centre Fund from BlMil￿h4M Meth¢)dls¢ arcult to 8lrmln8ham Methodlst Dlstrlct on I September 2022. The trustees have agreed the falr value of Ihe Dlstrfrt manse at £750,000 as at 31 August 202412023.. £750,LDJI and Wesiev Internatlonal House at £3,000,1>)O as at 31 August 202412023.. £3,000.0001. The combined value of freehold property Ilncludlng 47 Grove Avenue) of £4,202,922 12023.. £4,202,922) Is shown wlthln tan8lble flxed a55ets as dlsclosed In note 11 lo the Ilnanclal siatemertts. In¥•stment pollcy and perfornianc• To comply with Methodist Standlng Orders, monèy for long term Investment Is lodged wlth the Tmstee5 for Methodlst Church Purposes (TMCPI or with the Central Flnance 8oaid ol the Methodist Church ICF31, TMCP Is the legal owner and custodlan tTUStee of all Methodlst Model Trust property Indudln8 legacies, endowments and xtumulated fund5. CFB mana8es a common deposSt fund nd a serles of pooled Investrnent funds for Methodlst entltles In Great Biltaln. Inierest rates from deposlts wlth TMCP and CF8 renÉrt deposit rates avallable elsewhere. The lThve$tment pollcy of Blm)Ingham Methodlst Distrlct Is all8ned wlth those ol TMCP and CFB who take Into account the yjclal. envlronmental and ethlcal conslderatlons that make Invertment5 5Uitable for the Methodist Church. Interest recelved durlng the year ended 31 August 2024 was £100,97912023.. £5&4101. Page 3 BIRMINGHAM DISTrI OF THE METHOD15T CHURCH REPORT OFThETrU5tEES FOR THE YEAR ENDÉD 31 AUGLtsY 2024 FINANCIAL REVIEW Reserves poll¢y Reserves are represented by the fund balances as disclosed in the balance sheet on pagè 16 of the flnanclal statements. The balan￿ 5htet show5 unrestrlcted reserve5 IrestNes that do not carry afty restrlttlon5 on howthey can be used) of £5,044,132 as at 31 August 202412023.. E3,815,1101. In asse551ng our level of free reserves as at 31 August 2024 we also exdude tan8lble flxed assets totalllng £3,750,¢XKJ 12023: £3,750,(ml and deslgnated fund balances totalllng £1,228,68712023.. £15.2701. Th15 leaves freè reseNes totallln8 £65,445 as at 31 August 202412023: fr* raser￿ totallln8 £49,8401. The General Fund dwfves Its Income prlnclpaltyfrorn clrcubt contrlbutlons (also known as as5e55mentsl. The mèlorlty of thls Income Is pald over to the central MethodSst Church Fund, the balance of drcult contdbutlons belrKq held wlthln the General Fund, to flnance the day-tctday runnln8 Costs of the DlstrlcL The trustees belleve that the balance on the General Fund should be In the reglon of £30K to £40K to cover four to slx months of Dlstrkt runnin8 COSt5. If the Dlstrlct makes a surplu5 over budget for any partlcular year that surplus Is returned to the clrcults vla è future budget. Taklng thls Into account we belleve that the amount held wlthln the General Fund at 31 Aogust 202415 In Ilne wlth tsur reser¥e5 pollcv. The Manse Major Repalr F￿d seeks to bulld up a reserve, by m•aTr5 01 annual transfers from the General Fund, to be used for any slgnlflcant Costs that may adse In the futuie relatlng to the dlstrlrt manse. Income In the Dlstrlct Advance Fund Is derlved prlnclpally from dlstrlbutlons from the Connexlonal Prtorlty Fund11.e. from ce￿ra1 Methodlst source51 and from levles on trust funds held at clrcult levèl11.e. from local Methodlst sources). Declslons re8ardlng Dlstrlct Advance Fund 5pendlng and Its alloca￿aTr to projects are made by the Resourcln8 M1551on Commlttee. Reserve5 held In the Dlstrl¢t Advance Fund w511 be sufficlent to cover the future grant commliments from that fund. The reserves pc41cy af the Olstrlct Advance Fund Is that at any Ont In tlrne the total of the future commltrnents Irom the Dlstrlrt Advance Fund wlll not exceed the cash held wlthln thai fund. At the same dme the Dlstrlct ensilfes that future grant commltments almost match the amount held wlthln the Dlstrlct Advance Fund, meanlng thalthtre wlll not be exces5 re5eNes held wlthln the Dbsirlct Advan¢e Fund. For all restrlcted fvnds the reserves polky Is to hold grants and donatlons wlthln dedlcated rln8-fenced funds to be used for the 5pedflc purposes of those Srants and donatlons. GO1￿COnclfft The trusiees of the DlstTlct have every reason to belleve that the Dlstrl¢t 15 a 8olng concern. The clrcults contlnue to meet thelr assesynents and re5erve5 are con51dered adequate. Reserves pollcle5 are revlewed annually. There are no subsldlary undertaklngs. Methodist member5hlp Is In detllne across all dlstrfcts ￿1h a Tesultant105s of Income at church level. Howeveri proceeds from the sale of church bulldlw are partly used to meet onBoln8 costs at urcult level, Indudln8 the clrcults, assessment payments to the D15trlct. Page 4 BIRMINGHAM DISTRI OF THE METHCIDIST CHiNiCH REPORT OFIHE TRusfEE5 FOR THE YEAR ENDED JI AUGUST ZOZ4 FUYURE PiANS Our plans forthe year ended 31 August 2025 lndude the foll¢)wln& Mer er betw en the 8lrmln ham Disttlct of the Method stch handthe olv to & Shrewsbu Dlstrfct ol hem odist rch The proposed mer8eT between the Blrminghhm Dlstrltt of the Method15tChurch and the Wc4verhampton & Shrewsbury Dlstrlrt of the Methodlst Church was approved by th4 two D15tfkt Synods in Aprll 2024. It was recommended and approved at the Methodlst Conference In June 2024 thatthe Dlstrfctswlll become one comblned West Mldlands D15tr1ct wlth effèct Irom Septernber 2025. Work %%411 Pfocted before the mer8er becomes effectlve In September 2025 to ensure that all a5pedS of each Dlstrkt's work wlll come together, and that the merger take5 place smoothly bythe end of August 2025. The 8lmilngham U5trlrt'5 mlsslon and rnlnlstrles work wlll contlnue alonBslde these preparatlon5. STRUCWRE. GOVERNANCE AND MANAGEMEiir 60￿M￿S d0￿mInt The dlstrlct Is governed by the Methodlst Churth Act 1976 and the Deed of Un51)n 1932. OrpnlMtlon•l stru¢tur• Indlvldual Methodlst churches are grouped wlthln clrcults whlch are In turn grouped wlthln dlstrlct& All dlstrlctl £lrcult5 and churche5 are part of the Methodlst "ConnexS0Tr' Iste r*lat•d p4rtles below). Overall regulatory authorlty rests ￿th the Meth¢x115t Conference whlth meets once a yeor. The ConneMlon31 Offke Implements dedslons made by Conference arnd Is also re5ponslble for the statlonlng of wesbyters and deacons Icollectlvely known as mln15tersl wthln clrcults. Connexlonal dedslons are passed to the dlstrkts for Implementatlon. The tlstrlrt Syncl meets twke a year. Gov•rMK• The distrfctopèrates wlthln a Statutory framework of regulatlon and seek5 to ensure that It fc41ows Method15t StaDdln8Ordtrs. K•y mana¢ement remuneratlon In the trustee5' oplnlon. the key management personnel of the Olstrlct re5por151ble for thè dlrectlon, ¢￿tr￿, ruDnln8 and operatlon of the Dlstrkt on a day.tTrd3ybasls tt*nslst5 of the Board of TruMee5. ana ment rso fust All of the tr¢Jstees give gf thelr tlme freely and no trustee recelved remuneratlon durfn8 the year ended 31 AuBU5f 2024 wlth tht exceptlon ol the followlng trustees. Durln8 the year ended 31 Au8USt 2024 the Olstrlct Chalr, vthose salary Is pild from central M*thod15t funds, recelved remuneratlon totslllng £4B,26712023.. £45,B261. Addttlonally, durfn8 the yeaf ended 31 Au8USt 2024 the Rev N 81shop, who was appoknted a trustee on 25 january 2024, recelved remuneratlon totalllng £6,70312023: £nlll. Page 5 BIRMINGHAM DlSfRI OF THE METHODlSt CHUROI REPORT OFTHE TRUSTEES FOR THEYEAR ENDEO 31 AUGUST Z024 STRUCWRE, GOVElINAN￿ AW) MANAGEMENt M￿ageMent Thè Distrlct Councll meets four tlmes a year. The respoD51bllltles of the Dlstrict Coundl. as lald down In Methodlst Standlng Orders, are asfollows. To formulate and promote pollcle5 whlch wlll adyance the mlsslon of the Churth kn the clrcult5 and Itul churches and In partlcular to supewlse the use of resgurtes of persoThneL propertv and finance and to a551st local churches and clrcults havln8 exceptlonal problems. fo encourage Inter-clrcult and ecumenlcal ctroperatlon, To Kt In an executlv• capaclty femltted to the Councll by the Synod. To keepvAthlrb its wrvlew all dlgtrlct concerns not dealtwlth •15ewhere. To contrlbute and respond, as the case may be, to the de*lopment of connexlonal pollcles asrefiected In the work of the Conferenceand the Method15t Councll and torarry outlts other re5ponslbllltle5 vlth any such developmènt In mlnd. The Dlstrfct Counul oversees the work of the fiesourclng Mlsslon CommlttÈ•, statlonin& safeguardln& authtsrlsjtlons to preslde at communlon, extenslons to lo¢al preacher trilnln8 and other matter5 è5 necessary. R•l•tqd p•rtles Methodlst erstltle5, whether they be distrlcti clrusts or churches are obll8ed to reglster as IndI￿dual Cha￿e5 If they meet the requlrements of reglstration lald down by th¢ Chafty Commlsslon. 81rmlwham MÈthod15t Dlstdct recdves Inccme from the clrcults ¥￿thIn the Blmlniham Olstrlct. All of th• drcults Jr* re8lstered harltks. Contrlbuttons from clrcults, 50metlmes knowTh as "the clrcuit as5e5sment', ère used to pay contrlbutions to the central Method15t Church Fund and to meet the day-to-thy runnlng costs ol the DlstrlcL In the year to 31 Au8USt 2024 income from drcult ssessments totslled E626,19612023.. £586.5(Kil. In addStlon, the Dlstrlct recelvts from each clrcult holdln8 a Clrcult Model Trust Fund ICMTFI. a le¥y based on tht slze of the CMTF at the Start crf the year. In the year to 31 August 2024 totjl levy, tfedlted automatlcllyto the Dlstrlct Advance Fund byTMCP, was £340,731120Z3.. £104,8951. Methodlst Chtsrch In 8rlialn IMCBI Is the lar8est Methodlst entity, based at 25 Tavlstock Place, london, and Is an Indlvldual charlty. Durlng the yèar ended 31 Au8ust 2024 the Blrmlngham Method15t Dlstrlct pald £554,75012023.. £508,495) to the Methodlst Church Fund as a Contributlon towards the runnln8 Costs of MCB. The Dlstrlct Advance Fund recelves annual grant Income from the Connex4onal Prlorlty Fund held wlthln the accounts of MC8. Ouilng the year endèd 31 August 2024 £70,679 was recelved from the Connexlonal Prlorlty Fund12023., £190,937). Westey Internatlonal House Is a freehold woperty held by TMCP as Custodian trustsesfor 8lmlngham Methcrf115t Dlstrlct. A separate chartty ¢?Iled Wrmlngham Internatlonal Sludent Homes1815HI Is respon51ble for all aspects of the upkeep and malntenance of Wesl Intematlonal House. BISH reports annually to Blrnilngham Methodlst Dlsirlrt Council. Rlsk rnènagem¢nt The trustees have a duty to Ident￿ and revlew the rlsk5 to whbch the charltyls exposed and to ensure approprlate contrds are In place to provld£ rea50na14e assurance agalnst fr￿d and error. Page 6 BIRMINGHAM D15niicr OF THE METHODIST CHURCH REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGusf2024 STRucfuRE GOVERNAN￿ AND MANAGEMEI FundraWn8 The majority of the Distr1rf5 Intome 15 derlved from drcult tontrlbutlon, Connexional and other grant5, arcult Model Trust Fund levles and CoTrnexbonal Prlorlty Funé dlstrlbutlons. The 01strict does not engage In publlc fundralslna and does not use profe551onal fvndra15ers Dr commerdal partlclpators, REFERENCE AND ADMNISTRATIVE DETAILS Rei15t•red tharny numbgr 1134167 Prlnclp41 Addr￿$ 36 Amesbury Road Moseley BlrminBham West Mldlands B13 8LE Trust•es Rev N Headey Rev P Warrey Rev S Wllley Ms S Smlth Chalr of D55trlct Deputy Chalr Deputy Chalr Dlstrtct Councll Secretary and Methodlst Councll Representatlvt Synod Secretary Treasurer Lay Statlonlng Aewesentatl Property Svuetary EDI Officer Representatfve Representatlve Repre5entatl¥e Representatlve Representatlve Representatlve Aepresentatlv¢ Representatlve Repre5entatlve Representati Repre5entatlvè - appc4nted I S•ptember 2023 Ms H Woodall Rev N 815hop Ms G Weller Mr C 05boTn Rev D Koffie-lmlllams Deacon A Allp¢)rt Rèv l Ballard Ms S Clutterbuck Rev S Levett Rev Cslbanda Deacon M Slowe Rev J Thornton Ms J Tolley MrHWatttyl l Morrlss Athul . •ppdnted 25 January 2024 - re518n•J 31 August 2024 - resigned 6 March 2024 . appdnted I September 2023 - appdnted i September 2024 - appdnted 6 January 2025 Audltorn J W Hinks LLP Chartered Accountants and Statutory Audltors 19 Highfleld Road EdgbastoTh 81rmingham 815 38H Pagè 7 BIRMINGHAM DisTricr OF THE METhODIST CHURal REPORT OF IHE IRUSTEES FOR THE YEAR ENDED 31 AUGUST ZOZ4 REFERENCE AND ADMINISTRAnVE DEfAILS Bankers Trustees for Methodlst Church Purposes Oldham Street Man(he￿eT mI￿a Central Flnance Board af the Method15t Church 9 8onhlll Street London EC2A 4PE CwperatNe Bank PO Box 250 5kelmer5dale WN86 EVENf551NC£THE END OF THE YEAR InfomiatloTh relatlrq to events slnce the end of the year IsOven In the notes tothe hnan¢lal statements. STATEMENT OFTRU5TEES' RESPONSlblLmES The trustees are respon￿ble for preparlng the Report of the Trustees and the flnancl?15tatements In accordance ￿th applkable law and Unlted Kln8dom kcounttn8 Standards (Unitsd Klngdom Generally Accepted A(counlln8 Practlcel. The law appllcaNe to ch¥dtlts In England and Wales, t￿ Cl•rttles Ad 2011. Charlty IAc£ounts iffid Reports) Regulatlons 2008 and the provlslons of the trust deed requlres the trustees to prepare flnanclal stat￿ents for each Ilnanclal year which glve a true and lalr vlèw of the 5tste of affalrs of the charlty and of the Incomln8 resource5 and applICa￿on of resources. Indudlrq the Income and ¢xpendltuTe, of the charlty for that perlod. In pTeparln8 those finandal statements. the trustees are requlred to Select sultable accountlng polldes and then apply them con51stently: observe the methods and prlnclples In the Charlty SOAP,. make judgements and estlmate5 that are reasonable and prudent; state whether appIl￿ble accountln8 Standard5 have been followed. subject to •rw materlal departures dlsclosed ond explalned In the flnanclal statement5; prepare the fI￿nCIal statements on the 8oln8 concern basls unless It 55 Inopwoprlate to presume that the chartty wlll contlnue In busine$5. The trustees are Te5ponslble for ke•pln8 prop•r ac¢ountln8 record5 whlch d15close ￿th reasonable accuracy at any tlme the finandal P051tlon of the tharlry and to enable them to ensure that the flnanclal statements compty with the Charltles ￿t 2011, the Charltv IAccouniS and Reports) Regulations 2008 and the pr￿s1On5 of the trust deed. They are also re5ponslble for saft8vardln8 the assets of the Char￿ and hence lor takin8 reasonable 5tep5 forthe prevèntlon and detertlon of fraud and other IrregulaTltles. JW Hlnks LLP were appointed as audltors on 20 October 2023. A re501utlon to re-appolDt JW Hlnks LLP as Budltors wlll be proposed at the Dlstrlct Council rneetlng to be held on 25 Marth 2025. Page 8 OFTIIE M￿N(￿lIsT(mimIc￿l IIEPOATOFThETrUSmS IORlItE YEARÈNDED JI AUGusf2024 proved b¥ofdtrdthebo•rd oftrust*50n25 M•rth 2025 •nd s*nedon Its beh￿f ￿. ftev N HtadleV-TrU￿¢t P4ie9 REPORT OF THE INDEPENDENT AUDtTORS TO THE TRusfEES OF BIAMINGHAM OISTRicr OFTHE METHODIST CHURCH Oplnlryi We have audlted the finandal staternents of 81rmin8ham District of the Method15t Church (the 'charlty'l for the year ended 31 August 2024 whlch c(mprfse the Statement of Finandal Activities, the Balance SheeL the Cash Flow Statemert and notes to the fiThanaal 3tatemen15, Indudlng a summary of 518niflcant accountln8 Polic￿5. The financlal reportln8 framework that has been applled In thebr preparatlon Is appllcable law and Unlied Kingdom AccounYThg Standards Iunlted Kln8dom Generally Accepted Accounung Pracucel. In Our oplnlon the flnanclal statements.. 81ve a true afid fair vlew of the State of the charltvs affalrs as at 31 August 2024 and of Its Irbtomlng resources and apllcatlon of resources, for the year then ended; have been properly prepared In accordance wlth Unlted ￿r￿d0M Generally Accepted Accountlng Pr3￿ce. and have been prepared In accordance wlth the requlrements of the Charl￿eS Act 2011. Bmls for oplnlon We conducted our audlt In accordance vAth Interna￿Onal Standards on Audldng IUKI IISAS IUKII and appll£able law. Our re5ponslblllUe5 under those standards are further descrlbed In the Auditor5, responslbllltles for the audlt of the flnanclal statements sectlon of our report. We are Indeptndent of the charity In attordance ￿th the ethlcal requlrements that are relevant to our audlt of the financlal statements In thè UK. Includlw the FRC'5 Ethlcal Standard, and we have fulfilled our other ethkal responslbllltles In accordance wlth these requlrements. We belleve that the audlt e￿dence we have obtained Is suffideni and approprlbte to provlde b4515 for our oplnlon. c￿clUSIO￿ Mlatlnitoplni corK•m In audlting the financlal statements, we have corbcluded that the tNste&s' use ol the 8olng ¢oncern basls of accountln8 In the pieparatlon ol the flnandal statements Is approprlate. Based on the work we have performed, we have not Identlfled any matertal UncertaIn￿e5 relatlng to events or tondltlon5 that, IndI￿dUallY ￿ collecdvely. may cast sl8nlfkant doubt on the charltys ablllty to contlnue as a 8olng concern for a perlgd of at le85t elve months from when the flnondal statements are authorlsed for Issue. Our responslbblltles and the responslbllities of the trustees wlth r•spect to geln8 cofKern are deSrxl￿d In the rèlevantsectlons of thls report. Oth•r Inlorm•tlon The trustees are responsible for the other InformatSon. The other Inlormatlon compTlse5 the lTrformatlon Included In the AThnual ReporL other than the finandal statements and our Report of the Independent AudltOTS thereon. Our oplnloTh on the flnandal statèments doe5 not cover thè other Infamia￿1)n and, except to the extent otheNAse expllcltly stated In our report, we do not express any form of assurance toncluslon thereon. In connertlon ￿￿th our audli of the flnanclal statements, our respon51blllty Is to read the other Infom)¥tton and, In dclng so, cOn￿der whether the other Infomiatlon 15 materlally InCOn￿stent wlth the fSfianclal statements or our knowledge obtalned the audlt or otherwA5e appears to be mateilally m155tated. If we Identify such matedal Incon51Sten¢les or apparent materlal MIS￿atements, we are requlred to determlne whether thls glves rlse to a materlal mlsstatement in the flDancial ststements themsèlves. If, based on the work we have performed, we condude that ihere15 a matsrfal m155tatement of tNs other Infomiatlon, we art requlred to report that fact. We have nothlwd to report In this regard. Page 10 REPORT OFThE INDepENDENT AUDtroRSTO ThETRU5TEES OF BIRMINGHAM DISTRlCt OF THE MEIHODIST CHURCH Matters M *thlth we arè requlred to report by excWI We have Thothirq to report in respect of the followiThg matters where the Charltteg (Accounts and Reports) Rqul*i¢ns 2008 requlre5 us to report to you if, In our oplnlon.. the Infonnatlon slven In the Report of thèTrustees Is InCOn￿Stent In any materlal respect wlth thefinanclal statements,. or suffldeDt attountlw records have Thot been kept; or the finandal statements are not In a8reement with the accountlng record5 and returns- or we have not recelved all the Inf¢xmation and explanatlonswe requlre for Ouf audit. Re5ponslbllltles of trustres As explalned more fully in the Statement of Tru5tee5' Re5pefjdbllltlè4 the trustees are respon￿ble for the preparatSon of the flnanclal statements whlch 8lve a true and falr view. and for such Internal contiol as the trurtees detern)Ine 15 necessary to enable the preparatlon of flnanclal statement5 that are free frcffj materlal mlsstatement, whether due to fraud or error. In preparlno the flnaThclal statements, the trustee5 are responslble for osse551n8 the tharfty's ablllty to contlnuè as a golng concerTh, dlsclosln8. a5 appllcable, mattefs related to 8dng concern and using the 8oln8 coThcern basls of accountlng unless the trllstees elther Intertd to Ilquldate the chartty or to ￿a$* operafjons, or have reallstk ￿ter￿tI￿ but to do so. Our r•sponsf4lltb•s forth• audlt of th¢ fln•nfl•l 5t•tements We have bten appolnted as audltors urtder Sectlon 144 of the Charltle5 Att 2011 and report In accordano wlth the Act and relevant re&￿atIOnS made or havln8 effect thereunder. Our oblectfve5 are to obtaln reasonable assuran(e about whether the finandal statèments as a whole Iree from rnatertal m1$5tatement, whether due to fraud or error, and to Issue a Report ol Ihe Independent Audltor5 that Includes our oplnlon. Reasonablè assurance Is a hlgh level of assurance, but Is not a 8uarantee that an audlt tonduct#d ITh attord?nce wlth ISAS IUKI w511 always detect o materlal mlsst?tement when It exlsts. Mlsstatements can arbse from fraud or error and are consldertd materlal If, Indlvldually or in the aBgre8ate, they could reasonably te expected to Influence the econombc dec151ons of users taken the ba51$ of these hnanclal statement The ext•nt to whlch our procedure5 art ¢ap•ble ol detectlw Irrewlarltles, Includlfyg fraud Is detallÈd below.. enqulrlng wlth management and others to galn an uThderttandlng of the or8anlsBilon itself In¢luthnK operatlons, flnanclal reportln8 and known fraud or error,. evaluatlns aNd under5tandlnB the Internal control system,. performlTh8 analytlcal procedures •$ •xperted or unexpected varlances In account balances or tlasses of transactlons appear,. testln8 dgpJmentatloTh sUPPOrtln6 account balances or classes of transac￿0￿$,. and conflrrnlng accounts r*celvable and other accounts wlth a thlrd party. A further de5crlptlon of our responslbllltle5 for the audlt of the flnanclal statement5 15 located on the Flnandal fteportln8 Councll's webslte at www.frc.or8.uvaudltorsresponslbllitles. Thls descript4on foms part of our Report of the Independent Audltors. PaKÈ 11 REPORT OF THE INDEPENDENT AUDITORS TOTHE TRL15fEES OF BIRMINGHAM OISTRicr OFTHE METHODIST CHURCH Use of our report This report Is made Sole￿ to the charlty's trustees, as a body, In actt+rdance wfth Pprt 4 of the charl￿e$ (Accounts and Report51 Re8ulation5 2CQ8. Our audlt w￿k has been uThdertaken so that we mlght state to the charfty's trusteesthose matters we are requlred to state to them In an audltors, report and for no other purpose. To the fullest extent permltted by law, we do not aEcept or assume re5ponslbillty to anyone other than the charity and the charlty's trustees as a body, for our audlt worK for thls reporL or for the oplnlon5 we haveformed. J W Hlnk5 LLP Chartered Accountants and Statutory Audltors 19 Hi8hfleld Road Ed8baston 81m)In8ham 815 3BM 25 March 1025 Pa8e 12 BIRMINGHAM DISTRicr OF THE METH 1.107076 56.779 19.657 1,149 5,044,132 3,815,110 Restikted funds: 015trict Advance Fund Chaplalncy Fund M1151on and Yputtt Fund 5afrfuardlni Fund Benevolent Fund Intluslve Gathorfnl Fund Street Ec¢leslal CorninvnSty Fund atycentre Fund 943.139 &873 72.279 20,$49 4.148 12,562 16,676 1,054.2Z6 16.090 24.ZS7 101fj.071 I OS6.419 2.132,452 TOTAL FLhlD5 6,INI,551 5,947.562 The finonclal statèments ¥%*re approved by the Bo•rd of TfUJtees and 4uthorlsed lor Issue tr) Z5 MArch 202S and were slgned on its behalf bv.. Rtv N Headley-Trusiee REV N B15hop- Trustee The notesfom pwt ofthegeflnarKkil X8tementS Pay IS BIRMINGHAM DisTricr OF YHE METHODIST CHUROI CASH ROW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes C•sh Ilovts from opqrlt1￿ artlyltl Cash g•Therated from operatlons 60.383 1,054,775 Net ￿5h provlded by operaung actlvltles 60,383 1054,775 sh flows frnm In¥e5tln¢ artl¥lt*s Purch15e of tanglbie flxed a￿ets Interest recelved 1452,9221 58,410 I￿.979 Net C45h provlded byllused Inl Investlng actI￿tIeS 1th),979 394,5121 Chanie In ind c•%h •lu￿1•nt1 In th• reportln8 p•rfod C•5h and eqylTAlents •tth• *lnnlni Of th• r•portlw p•thd 161,362 660,263 1,079,121 Caih •nd ttsh •qu1V•kn￿ •tth¢ thd ofth• r•portlni p•d•d 1739,384 The notes form part ofthese flnandal statements Page 16 BIRMINGHAM oisfRicr OF THE METHODISTCHURCH NOTES TO IHE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGLIST ZOZ4 ECONCIUATION OF NEf INCOMETO NEfcASH FLOW FROP41 OPERATING AcrivrriES Z024 2023 N•t INome lorth• r•portlnB p•thd IM p•rth• Statsm4nt of Flnjnckl Artmtlesl 152.989 L132,133 AdI￿¢Mont$l0r. Interest recelved Otcrease In debtors Increa5elldecreasel In uedttors 11(rf1,9791 146 158,4101 282 119.2301 t•th pr￿Id•d by opwrtlons 60.183 1054,775 ANALYSIS OF CklANGES IN NET FUNDS At 1.9.23 Cash flow At 31.&24 N•t c•th Cè5h at bank 739.984 161362 1,900.746 1,739.384 Tot•1 &739 3M ￿>61 L900.746 The notesform part of these flnanclal 5tat?ment5 Page 17 BIRMINGHAM DISTRicr OF THE METHODLST CHURCH NOTES TO IHE FINANCIAL ￿ATEmENTs FOA THE YEAR ENDED 31 AUGusf 2014 ACCOUNTING POLICIES GENERAL INFORMATION AND BASIS OF PREPARING ThE FINANcIAL￿ATEmENTs Genernl knform*bon Birmlngham DIstrI￿ of the Methodlst Church Is an unlncorpofated charfty reglstered In England and Wale5. The DlstrlEt's prlnclpal addr•55 and Flace of aGUvltyls 36 Amtsbury Road, Moseley, 81rmln8ham, 813 8LE. Accountlniconv•ntlon The financial statements of the ￿StrIct. whlch Is a publlc beneftt entlty under FRS 102, have been prepared In accordancé with the Charllles SORP IFRS 1021 Accountln8 and Reportln8 bycharltles.. Statement ol Recommended Practice applScable to ¢haT￿leS preparln8 thelr account5 In èccordance wlth the Flnanclal ReportSn8 Standard applicable In the Unlted Kln8dom and Republlc 01 Ireland IFRS 1021 leffectlve l January 20191" Flnanclal Reportifi8 Standard 102"The Flnanclal Reportlng Standard appllcable In the UK and Republ1¢ of Ireland" and the Charltles Art 2011. The fln4nclal statements have been prepared uslng the hlstorlc cost ¢onventloty a5 rnodlfied by the revaluatlon of certaln asset5, and are presented In 5terlln8 whlch Is the functlonal currency of the DlstrlcL r¢)unded to the nearest £1. GOING CONCERN The trustee5 assess whether the use of 8olng concern15 approprlate l.e. whether there are any matedal uncertjlntles related to evenls or condltlons that may cast slgnSficant doubt on the ablllty ol the Dlstrlct to continue as a goln8 concern. The trustee5 make thls asse55ment In respect of a perlod of one year from the date of authorlsatlon for Issue of the flnanelal statements and have concluded that the Dlstrlct has adequate iesoufces to COAtlnue In operatl¢)nal ex15ten¢e for the foresetable luture and t￿t therè are no materlal uncertalntles about the Dlstrlct'5 ablllty to tondThue as è concern. As a ruult the trustees con￿￿￿¢ to adopt the golng concerTh basls of accoUTh￿n8 In preparlng the fin•ndal statement5. CONSOUDATION Blm)Ingham Methodtst Dlstrlct overoes the work of mlnlsters Jnd lay workers In churches and elr¢ullS vAtNn the Dlstrkt but does not have flnaThdal control over those clrGults or thurches. Far thls reasgn the finandal statem•nts of the Churches and clrcults wlthln the Dlstrlct are not consolldated Into these flnancl?I statement INCOME I lThcome Is reco8nlsed In the Statement of Flnanclal Actlvltbe5 gnce the charlty has entltlement to the fvnds. It Is probable that the Income wlll be receI￿d and the amount can be measured rellably. Grant5 are lThcluded ITh the Statement of Flnanclal Athvltlès on a recelvable basls. The balance of Income recdved for 5peclflc purposes but not e¥pènded durlng the perlod Is shovm In the relevant funds on the 8alance Shett. Where Income Is recèlved In advarKe of entltlement of recelpt It5 reco8nltlon 15 delt'.rred and Intluded In credltors as defeNed Income. Where entltlement occurs before Income Is recebved, the income Is accrued. Donatlons are retO8nlsed on a recelvable basls %%there there Is certalnty of recelpt and the amount tan be Tellably measufed. If there are condltlons attached to the donatlon and thls requlres a level of perfgrmance before entltlement can be obtalned, then lrtcome Is deferred untll those condltlon5 are fully met or the fulfilment gf those condI￿OnsI$ wiihln the tontrol of the tharlty and Itls probable that they s￿11 be fulfilled. The value of servke5 donated byvolunteers Is not quantlfled. Investmerbt Income Is earned through holdin8 assets such as cash on deposlt 11 includes Interest recelvable. Interest Income 15 reco8n15ed uslng the effectlve interest rate methtrd and Is recoBni5ed as the Dlstrfrt's rlght to fecelve payment is established. Page 18 contiThuEd.. BIRMINGHAM DISTRicr OFTHE METHODIST CHUACH NOTE5 TO THE FINANCIALSTATEMENTS-¢ontlN FOR THE YEM ENDED JI AUGUST 20Z4 ACCOUNTING POiICIES-£ontlnu•d EXPENDITURE Llabllitle5 are recOgnI￿d as expendlture as soon as there Is a legal or con5truttlve ob14gation commlttlng the charlty to that Expendlture, It Is probable that a transfet of econornlc benefit5 wlll be requlred In set￿eMent and the amount of the obll8atlon can be measured rella￿v. Expendlture Is accounted for on an accruals basls and has been dassSfled under headlng5 that a88regate all cost related to the cate8LYy. Where costs cannot be dlrectlv attrlbutrd to partlcular headings they have been allocated to advltles on a ￿$15 con515tent wlth the use of resources. Grant5 are recognlsed annually as and when the perfcrmance condltlon5 attachSng to the award are meL even wheTh the ward Is for a recurrent grant over more than one year. ￿1 8rants awarded for paymertt In future flnanclal years are condltlonal on the Re50urdn8 Mlsslon Commlttee beln8 satlsfied, on the ba51s of wo8ress reports from the grantee. that the project's achlevements to date lustlfy the payment of further Instaknerts of the 8fant. Future commltments from the Dlstrkt Advance Fund are shown the notes to the accounts. Support cost5 are those that a5515t wlth thè work of tht Dlstrlct but do not dlfertly represent dbarttable actl¥Atles and Include offlce costs, governance costs and other admln15tratlve ¢gsts. Governance cost5 are those costs a550clated wlth th• ieneral runnlw of the tharlty and Its stroteglc management rather than the costs of Its charltable aCtI￿tIeS and day-to-day management. ALLOCATION AND APPORTIONMENT OF COSTS I costs art all¢cated betsyeen the expenditure cate6orles of Stat*ment of Flnandal Actlvltles on the ba51$ delgned to refflect use of the resource. Costs relatlng to a partkular actlvlty ère allocated dlrectly. others are jpportloned on an pproprtate bosls e.g. fl(￿ areas, per caFltJ or e5tlmated usbie. TANGIBLE FIXEO ASSETS Flxed assets are Inltlally rèco8nlsed at cost or falrvaiuatlon. Freehold property Is not depredated. The trustees conslder that thls pollcy Is necessary In order for the flnanclal statements to glve a true and falr ￿eW because current values and changes In current values are of prfme Importance rather than the calculatlon of 5yStematlc annual depr￿latIOn. TAXATION The D15tr1ct1s Èxemptfrom tax on Its charltable actlyltles. FINANCIAL INSThUMEP4TS Flnanclal assets and flnand?I Ilabllltles are recognlsed when the Dlstrfct becomes a party to the contractual provlslons of the Instrument. All finandal assets and Ilablllties are Inltlally measured at tran5artlon prlce Ilncludlng transartion cosisl. 8aslc Ilnandal Instruments are Inltlally reco8nlsed ot transartlon value and subsequently measured at thelr settiementvalue. CASH AND CQSH EQUIVALENTS Cash and c35h equlvaleThts Indud• deposlts held at call wlth bank& PENSION COSTSANO OThER POST-RETIREMENT BENEFITS The charlty operates a defined contrlbutlon pension scheme. Contrlbutlons payable to the charlty's pènslon scheme are charged to the Statement of Flnanclal Artlvltle5 in the period io whkh they relate. Page 19 continued... BIRMINGHAM DlStRICT OF THE MÉTHODIST CHUAai NOTES TO THE FINANCIAL 5TATEMENIS-contlnuqd FOR THE YE￿ ENDED 31 AUGUST 2024 ACCOUNTIIIG POLICIES-witlnu•d DEBTORS ANO CREDrroRS RECEIVABLEIPAYABLE WITHIN I YEAR Debtors and credltors wlth no stated Interest rate and recelvable or payable wlthln one year arè recorded at transacllon prtce. Any losses arfslng from Impalmient are rKo8nlsed In expendlture. VAT Slnce the Dlstrkt Is not VAT reBlstefed all Input VAT Is thar¢ed %thth the expenses to whlch It refers. FUP4D ACCOUlmNG Unrestrlcted fvnds can be used In accordance wlth the charttable oblectlve5 at the dlscretlon of the trnstees, Aestrkted funds can only be used for partlcular restrlrted Pufposes withln the oblects of the ￿StIl¢t. Restrlctlons arlse when speclfled by the dor￿1 or when fund5 are ralsed for panlcular Tertrlcted purp05e5. Fwther explanatlon of thè nature and purpose ol•ath fund Is I￿luded In the noles to the flnanclal 5tstement5. aiiYicALACCOUNn14G JUOGEMENTS AND KEY SOURCES OF ESTIMAIIIYI UNCERYAINIY In thé appllcadon of the Dlstrlct'5 ?¢¢ountlng pG41cles, the tru5t¢es are requlred to mak• ludgements, e5tknates and ssumptlons about the carrylno amount of a$5ets and Ilabllltsesthat are not readlly apparentfrom other sources. The estlmates ènd underfykng a55umption5 are revlewed ￿ an onBoln8 bbsls. Revlslons to accountln8 estlmète5 are reco8nised In the perlod In whlch the estlmate Is re￿Sed where thè revlslon affeds only that perlod or In the perlod of the revlslon and future perlods where the revlslon affects both current and future perlod5. DONATIONS ANO LEGAaES 2024 2023 586,500 18,769 109,877 104,895 190.937 41,812 1146,691 Clrcult contrtbutlons Don?￿on5 Connèxional and other8fants Clrcult ModelTrust Fund I￿05 Connexlonal Prlorlty Fund dlstrlbutlon Other Income EXcep￿onal Items- Clty Centre Fund 621196 33.715 61.517 340.755 70.679 48,830 1,181.670 2,199,481 Ions Exceptlonal Items totallin8 £1.146,691 for the year ended 31 August 2023 conslsted of assets transferred to the 81rmingham 015trlct of the Methodlst Church on I September 2022 from the Blm)Ingham Method15t Orcuit. Synod inltlally dele8ated responslblllty for the management of thls fund to 81rmln8ham Imethodlst Clrcult but the responslbillty reverted to the Distrlct In September 2022 foSlowlnB a change In Blrmlngham Methodlst arwlt's constltutlon. Thi5 fund Is rlDg-tenced for activ4tles wlthln Blrmln8ham clty centre and dec151on5 reBardin8 8rant51.rorn the Clty Centre Fund are made by the Dlstrltt ResourclnB Mlsslon Committee. Th* assets transferred were ¢a5h at bank1£693,7691 and 47 Grove A¥enue1£452.9221. Page 20 continued... BIRMINGHAM 01StRicr OFTHE METHODIST cH￿CH NOTE5TO THE FINANCIAL sfATEMENTS- ¢ontlnued FOR THE YEAR ENDED 51 AuG￿r 2024 DONATIONS AND iEGACIES- contlnu No such exceptlonal Item5 have been recognlsed by the 8￿mI￿￿arn Dlsirlct of the Methodist ChuTth durfn8 the year ended 31 Au8U5t 2024, Granfs rKelved, Induded In ihe above, ore asfollow5', 2024 2023 Connexlonol and other 8rants 109,877 INVESTMENT INCOME 2024 2023 Dep051t account Snterest 100.979 58,410 CHARffA8LE ACTNMES CO Grant fundlng of aCtI￿tIeS (Me note 61 Support costs (see note 71 Totals 209.147 554750 365,763 Grants and donatlons Contrlbutlon5 to Methodlst Church Fund Jpport a¢xl governance costs 109,147 554.750 365.763 365,763 i￿.560 GRANTS PAYABLE 2023 Grant5 and donatlon5 Contrlbutlons to Method15t Church Fund 209.147 554,750 285,339 508,945 763 897 The total 8r8nts pèld to 1nStttu￿0n9 durlng the year was as follows.. 2024 2023 Methodlst Chuwch Fund MIs51on projects Other grants and dona￿9￿$ 554.750 209,147 508,945 233.092 52,247 763,897 794.284 page 21 tontlnued... VIIRMINGHAM DISTrI OF THE METHODISTCHURCM NOTESTO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THEYEAR ENDED 31 AUGUST 2024 GRAP4TS PAYABLE- ContI￿¢d Other ts ar¥J onatlons- Adavu CIO Included wlthln other 8rants and dOna￿On$ totalllng E52,247 for the year ended 31 August 202312022.. E2,0931 was donatlon of £52,CQ712022- £nlll made to Adavu ao. The Dlstrlct'5 Adavu Fund ceased to be a dlstrlct prolect on I September 2022 at whlch date the reMaInir￿ funds were transferred to a new IndEpendent charlty. Adavu CIO. Duylng the year ended 31 Au6USt 2023 Adavu contlThued to 5UPPOrt survlvor5 Of modern slavery. No such 8rants and dona￿On$ have been Teco8rAsed by the Blmiln8ham Dlstrkt of the Methodlst Churth durfn8 the year ended 31Au8USt 2024. SUPPORT COSTS Governant• 05ts Mana8ement Totals Support and govern?nce costs 359A63 365.763 Support costs, Induded In the obowd, a￿ as lolluws: MANAfjEMENf 2024 Support 2023 8ovem?nce costs Totsl actlvltle5 Wage5 Soclal 5ecurltv Pen51ons Employees expenses Tralnlng Dlstrkt office costs Manse cost5 Trustee5' eipense5 Admlnlstyatbve costs Subscr5p￿OnS Professlonal fees oiher expense5 lo0￿91 .060 16mO 193.872 J5,473 20.833 17.2Z8 11,811 4479 11.733 997 31375 1122 1.198 13,353 14.205 1,0 13h52 59,347 2.070 14049 11,809 359A63 325.474 Page 22 cortlnuÈd... BIRMINGHAM DISTRicr OFTHE METHOOIST CHURCH IIOTES TO THE FINANCIALSTATEmENTS-￿￿knUed FOR THE YEM ENDED 31 AUGUST 20Z4 SUPPORT COSTS- contlnu GOVERNANCE COSTS 2024 Support and governance Costs 2023 Total adI￿tIeS AudltOfS' remuneratlon TAUSTfES' REMUNERATIC*I ANO BENEFITS Wlth tht eX￿pIlon of the Dlstrlct chalr, there was I trustee who fectfved remuneratlon totalllng £6,703 durlng the year end¢d 31Au8Urt 2024. Durln8 the ye?r ended 31 Au8U5t 2023. wlth the e¥ception of the Dlstrict chalr, no trustees recdved any remuneratlon or other btneflts. TRUSTEES. EXPENSES There were tru5t¢¢s' expenses of £3,005 pald dur5￿ the year ended 31 Au8u# 202412023: £9971. STAFF COSTS 2023 Wages and salarfes Soclal 5ècurlty costs Other pen51on costs 200,591 16,060 193,872 15.473 20,833 230,178 The werage monthty numberof employets dwlng the yearwas a5 follows., 2024 2023 AYeraKe No Èmployees recefved emoluments In excess of £60.OCQ. K•y rnznB8•ment personn•l Key management personnel conslsts of the Distrtrt Chalr, whose salwy is pald fr,om Central Methodlst Funds. Kev mana8emeDt personnel remuneratlonfor the yeariotslled £48.26712023.. £4S,8261. Page 23 contlnued... BIRMINGHAM DISTRicr OF THE MEtHODlSf CHURCH NOTESTO THE FINANCIALSTATEMENTS-contlnu•d FOR THE YEAR ENDED 31 AUGiIST 2024 PEN510N COMMITME14TS The DSstyltt contrlbutes to the Individuèl penslon plans of certain ern￿OYee% The assets of these scheme5 are held Separat￿ from those of the Dlstrict In IndePenden￿Y admlnlstered f￿ds. The total contri¥utlons for the year amounted to £16,05012023.. £20,8331 and autstandlng conlJlbutlons as at 31 I￿1U$t 2024 amounted to £nll12023: £￿7). IL TANGIBLE FIXED ASSErs Freehold propertv At I September 2023 and 31 August 2024 4 201922 NET BOOKVAWE At 31 August 2024 4202 922 4 202 922 At 31 August 2023 Taft￿bkn fixed assets were valued by the trUStee5 on tht bbsls ol thelr open market ¥?lut. The resuhln8 sUr￿uS ha5 been c?rrfedto a capitsl res•rve whkh Is not available for d1str1but1c￿. The freehdd pTopertle5 cemprlse Amesbury Road, valued at £7SO,00), Wesley Internatlon41 House, valued at £3,fJXI,000 and Grove Avenue valuéd at £452,922. In the tsplnloTh of the trustees tht Cufrerst open markèt valu311on of the prgpertle5 Is not materlallydlfferènt from the amount5 at whlch they ¥e Includ•d In the account5. Whllrt Wesley Internadonal House 15 owned by the Trustees for Methodlst Church Purp05ès on trust for 8lrmSn8ham Method15t D4strlcL the property 15 managed by 81rmln8ham Internatlonal Student Homes, a separate charlty IrEglstered chartty number 10957301. 8lmiln8ham Methodlst Dlstrlct authorlses Blrrnln8ham InternatloTral Student Homes to be respoThslble for all aspects ol ihe upkeep and malntenarKe of Wesley lfttematlonal House exceptfinal ownershlp. li DEBTORS: IWOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 PrepaymeDts and accrued Income I3￿61 14.¢J)7 Page 24 contlnued... BIRMINGHAM DISTrI Of THE ME7HODISTCHURCH NOTES TO IHE FINANCbALSTATEMENTS- ¢i>nllnu•d FOR THE YEAR ENDED 31 AUGUST 2024 CREDttOHS: AMOUNT5 FAUING OUE WITHIN ONE YEAR 2023 Accruals and deferred Income 8,751 Deferred Income IrKluthd above wnslsts of the foll¢)wl 2023 r￿erred Incomè as at I September 2023 Atsources deferred durfn8 the year Amount5 released from prevlousyears 20,(*XI 20.0001 Deferred Income as at 31 Auwst 2024 01gclosure regardlni future grant commllments and other ¢ontln8ent Ilabllltles can be found In note 15 of the financlal ststtment& 14. ANALYSIS OF NEf A55Efs BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestrtrfed funds Rertrkted funds Flxtd assets Current ¥ssets Current Ilabllttbes 3,750A>D 1.306.611 1&486 451922 607,989 4202,922 L914.607 16.9781 4,202,922 1,753,391 8,7511 5.044.132 1.056,419 6 100 551 5,947,562 Page 25 tt*ntlnued... BIRMINGHAM DISTRICF OF THE MFThIODIST CHURCH NOTESTO THE FINANCIALSTATEMEIUS- contknu4d FOR THE YEAR ENDED 31 AUGUST 2024 15. MOVEMENT IP4 FUNDS Net movement In fund5 Transfers between funds At 31.8.24 At 1.9.23 UnTe￿rIrt￿ funds General Fund Capltal Rtvaluatlon Reserve Fund Manse Major Repalr Fund Exchan8e VlsI1S Fund Dlstrlrt Induslve GatherlnK Fu Flnance Management Fund lolnt 015trlct Fund Rural Fund Tralnlng Fund Dlstrlct Advance Fund MlssSon and Youth Fund 5afegtsardl￿ Fund Benevolent Fund 49,840 3,750.000 15,270 26￿05 65,445 3.750,000 938 115051 13.0911 131,284} 11.5501 lJ,2941 1146571 4.IlJO 3,499 49.000 4,500 4595 17,716 00 107,676 56,m 19,657 L107.676 56,779 19,657 3,815.110 128,6381 1,257,660 5,044132 R•strLct•d fwdi Dlstrlct Advance Fund Chaplalncy Fund Mlssltsn and Youth Fund Saf88uardln8 Fund Benevolent Fund Inclu51ve Gatherln8 Blrmlnlham Fund Street Ectleslal Communlty Fund Clty Centre Fund 943.139 IB73 71279 20,549 4,148 12.562 16.676 555,818 1¥278.9571 10,8731 114.2791 IL093 11,1491 1580001 131.6421 119991 136,4721 121.5981 1&090 24,257 1.1116,072 29,179 34.6741 Z,131452 18¥627 257,6 1,056.419 TOTAL FUNDS 5.947,S62 15L989 6 100.551 Page 26 contlnued.-. VIIRMINGHAM DISTRICT OF THE METHIX115T CYURCH NOTES TO IHE FINANCIALSTATEMEN75- ¢onthwed FOR ThEYEAR ENDED 31 AVGUST 2024 MOVEPélEiif IN FUNDS- ¢ontlnu•d Net movement In funds, Included In the above are as follows: In¢omln8 resource5 Resources txpended Movement In fvnds Unr•thk%•d fvndi General Fund Manse Major Aepalr Fund Exchan8e Vlslts Fund Dlstrlrt Inclu51ve Gatherlft8 Fund Flnance Management Fund Jolnt Thstrlct Fund Rural Fund TralThln8 Fund 640.325 1613,7201 26.605 938 12,X15) 13.(811 131,2841 IL3501 13,2941 14,6571 115051 13.0911 131.2841 IL3501 13.2941 16.829} 2,In 649A35 1671,D731 PB.6581 R•Jtrkt•d fund¥ Dlstrld Advance Fund M15slon and Youth Fund Sateguardln8 Fund Benevclent Fund Incluslve Gath£rln8 Blrmingham Fund Street Eccleslal Communlty Fund Clty Centre Fund 508,093 117WSI 170A431 161.6121 12,9991 166.3081 149,8971 34,053 335.818 158,000} {YL&42) Il9991 156,4721 121,5981 29,836 28.299 457 5871 TOTAL FUNDS 1129.66 Page 27 continued... BIRMINGHAM DISTRI OFTHE MÉTHODIST CHURCH IIOTESTO IHE FINANaAtSTATEMENIS-tonth)ued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FuND5-Wn￿nU0d Cornprntfvulor movement In fvnds Net movement In funds Transfers between funds At 1.9.22 31.8.23 Unr￿rted fvnds General Fund Capltal Revaluatbon Reserve Fund Manse Major Rtpalr Fund 43,146 3,750,1)00 15,764 13,694 17,0001 49,840 3,750,000 15,270 3,808,910 9,200 I3,(￿ 3,815,110 H•rtrkt•d fun 015trict Advante Fund Chaplalncy Fund Mlsslon and Youth Fund Safeguard1￿ Fund Adavu Fund Benevolent Fund Incluslve Gath8dng Blrrnlrwham Fund Street Ectleslal Communlty Fund Clty Centre Fund 828,913 31,575 61,649 17,452 52,IX)7 4,185 5,998 4,740 246,836 150,9521 124,3701 12S,9031 152,(K171 13,0371 123,4361 125,9241 1081,726 1132,6101 28,250 35,Q)O 29,CQO 943,139 8.873 72,279 20,549 4,148 12,562 16,676 1,054,226 37,860 27,50JI 1.006,519 1,122,933 2,132.452 TOTAL FUNDS 4,815,429 1,132,133 5 947,56Z Page 28 contlnued... BIRMINGHAM D15TRicr OF ThE MfiHODIST CHURai NOTESTO IHE HNANaALSTATEMENTS. willnued FOR THE YEAR ENDED 31 AUGUST 2024 15. MOVEMEiif IN FUNDS-contlnuod Comparathe net m¢)v•ment In funds. included In the above are as follows.. Incoml fesources Re50UTces expend•d Movement In funds Unr•rtfl¢l•d fvnd$ General Fund Manse Major Repalr Fund 1581,2481 13,694 4,4941 594,942 595,586 1586,3861 9,21XS R•thlrt•d fundi D15trlct Advance FLtnd Chaplalncy Fund Mlsslon and yO￿h Fund safegua￿Ing Fund Adavu Fund 8eDevolent Fund Induslve Gatherlng Blmln8ham Fund Street Eccleslal Communlty Fund aty Centre Fund 394,877 IU8,0411 150.95zI 153,0351 152,3891 152,CQ71 13,0371 148,0381 146,7241 85 1491 246,836 150,9521 124,3701 125,9031 152.(K$71 13,0371 123,4361 125,9241 1.081,726 28,665 26,486 24,602 20,8CQ 1,166,875 1,662 305 539,3721 1122,933 1 132 133 TOTAL FiW4DS 2,257 891 1,125 7581 Pa8e 29 contlnued.. BIRMINGHAM DISTRI OF THE MFtHODIST CHURCH NOTESTO THE FINANCIALSTATEMETr¥tS- contlnu•d FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMEpif IN FUNDS-contknu•d A currentyear 12 months and prlor year 12 months comblned posltlon Is asfollows., Net movement In fund5 Transfers between funds At 31.8.24 At 1.9.22 Unr•strlct•d fvnds General Fund Capltsl Revaluatlon Resèrye Fund Manse Major Repalf Fund Exthange Vlstts Fund D15trlct Induslve Gatherlng Fund Flnance Management Fund Jolnt Dlstrlct Fund Rural Fund Tralnln8 Fund strlct Advance Fund MLsslon and Youth Fund Safe8uardlThg Fund 8enevolent Fund 65,445 3.750,LK)O 20,208 1.595 43.146 3,750,000 15.764 40.299 118.IXJOI 13.5561 12,5051 13.0911 131,2841 11,3501 13,2941 114.6571 4,ICLI 3,499 49,OC 4.500 3,3 15,000 1,107,676 $6,779 19,657 1,149 17,716 3,150 343 1,107,676 56,779 19.657 1,149 3,808,910 119,4381 L254,660 5,044,132 Regtrl¢ted fimds Dlstrfct Athance Fund Chaplalftry Fund MI551c￿ and Youth Fund Safe8uardlng Fund Adavu Fund Benevolent Fthnd Indusl¥e Gatherln8 Blrmlngham Fund Street Eccleslal Communlty Fund aty Centre Fund 828,913 31.575 61,649 17,452 52,CrfJ7 4,185 5,998 4,740 582,654 150.9521 182,3701 157,5451 IS2,0071 16,0361 159,Y)81 147,5221 1,078,246 IL411,5671 19,377 20,721 40,093 1,851 70,¢ 67,039 62,1741 16,090 24.257 1,016,072 1.ts)6,519 1,304,560 IL254,6601 I,OS6,419 TOTAL FUNOS 4,815,429 1.285,122 6.100,551 Page 30 contlnued.. BIRMINGHAM DI￿RiCr OF THE MEIHOol￿ CHURCH NOTES TO IHE FWANCIAL STATEMENT5-¢ontlnued FOR THE YEAR ENOEO 31 AUGUST Z024 MOVEMENT IN FUNDS- contlnued Aojrrent year 12 months and Prloryear 12 months combined net movement In funds, Induded In the akne are a5 follows; Movement In fvnd5 Incomln8 resources Resources expended Uhr•rtrfrtod lunds General Fund Manse Major Repalr Fund ExthanBe Vlslts Fund Distrlct Induslve Gatherlng Fund Flnance Management Fund lolnt Dlstrlct Fund Rural Fund TT?Inlng Fund 1,235,267 1,582 IL194,9681 15,1381 12,5051 13,0911 131,2841 11,3501 13,2941 16 8291 40,299 13.5561 12,5051 13,0911 131,2841 11,3501 13.2941 14,6571 l239,021 11.258,4591 119,4381 Restrkt•d fvnds Dlstrlct Advance Fund Chaplalncy Fund M1551on and Youth Fund Safeguardln8 Fund Adavu Fund Benevolent Fund Incluslve Gatherlng Blrmlngham Fund Street Eccleslal Commuth Fund aty Centre Fund 902,970 1320,3161 150,9521 1123,4781 1114,0011 152,0071 16.0361 1114,3461 196,6211 119,2021 582,654 150,9521 182,3701 157,5451 152,CU71 16,¢)361 (S9,￿8] 147,5221 1,078.246 41,108 56.456 S4,438 49.099 1,197,448 2,301.519 996,9591 1,304,560 TOTAL FUND5 3,540,540 2,255,418) 1,285,122 Purpoltol Unr•slrfct•d Funds General Fund Thls fund reytsents funds for use at the dlscreilon of the trustees in furtherance of the 8enera oblectlves of the Dlstrict fc day-to4ay runnln8 costs. Th15 fund provides grants to churches and ckcuits wlthln the DlstrtcL Thesè grdnts, alc4)8 wlth amounts transferred from DAF Into other dlstrlrtfunds for work at dlstrict level, are authw15ed bythe Dlstrlct Resourcln8 Mi551on Commlttee. Ca Ital Revaluatlon Fynd Thls fund represents the balance Sheet value of tanglble fixed assets held by the D15tfkt's General Fund, namely Wesl•y Intematlonal House and 36 Ame5bury Road Page 31 contlnued... BIRMINGHAM D15fRicr OF THE METHOOIST CHURCH NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDEO 31 AUGUST 2024 MOVEMENT IN FUNOS-Mntlnued or alr Fund Arnounts are transferred ￿nua1V from the General Fund knards future malor repalrs on the dlstrict manse. tvlslts Fund Thls fund enabled th Dlstrfct Chalr to lead a group frorn 8lrmln8ham D15tr1ct of the Methodbst Churth to vllt our exchange partner5 In kndoma, Zlmbabwe In Ortober 2023. Thlsfund wa5 fully expeThded as at 31 Au8USt 2024. rln Thls fvnd supportsthe workof txstrlct IGB, a LGBT￿A* affirmln& lu>tIEe-see￿n8 churth for all. an Thlslund 5UPPOrt5 th• flnanclil management of the Dlstrlrt. Thls fund suppcrts costs Incurred concernlng the mor8er due to take effect between thè 8lmilnBham Dlstrlct ol the Method1# Church and the Wolverhampton & 5hrew5bury Dlstrlct of the Methodlst Church. Ru l Fund Thls fund1s4 prolert whos• alm lsto support mlulon In rural ¢ornmunltles. Thls fund supp)rts tralnln8 costs Incurrèd by the Dlstrlct. Thlsfund 5UPPOrt5 the %%vrkof th• mlsslon a￿l$er and the youth engagement offlcer. ard Thls fund supports the work of two 5aleRuBrdln8 offkers whose comblned costs are shared Wolverharnpton and Shrewsbury Methodlst Dlstrlct. Bene olent Fu Th15 fund Istor use at the Chalr's dlscretlon to relmburse costs Incurred ID cases of hardshlp and need. Fvn Thls fund support5chaF4alncy at the NECtO8ether wlth thèco-orolnatlon of chaplalns worklng wtthln thè Olstrl¢L Thls fund wasfullyexpended a5 at 31 August 2024. uslve G*herln Blrml ha Fun Thlsfund 5UPPOrt5 the Work of IGB, a LGBTQIA+ afflrmln81 jUStlce.seeklng thurth for all. Street Ecc unl Thls fund 15for the work of street Banquet, en8aKing the homelessness sector, prov1d1￿ outreach and chaplalncy. Page 32 ton￿nUed... IRMINGHAM D￿RICy OFTHE METHODIST CHURCH 140TESTO IHE FINANaALSTATEMENTS- t￿tInu•d FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUND5. ¢ontlnu•d ci Centr Fund Th15 fund sUPPOrts God's work In Blmlfi8ham city Centre, Indudlng grènts to Incluslve Gatherlng 8lrmlDBham and Street Eccleslal Communlty. The fund, managed by BlrmlThgham Methodist arcult untll I September 2022 and transferred to the Dlstrlct on that dale, represents the remalnln8 proceed5 from the ￿le of the head lease of Blrmlngham Oty MIs51on In 2014-15, plus47 Grove Avenue, the manse occupled by Rev Nell Johnson, the pastor of Street E￿les1?1 Communlty. 7W15FERS BMVEEN FUNDS Transfers bEtween funds as at 31 Au8U5t 2023 and 31 Aulust 2024 reprèsent m¢)vements between the Dlstrf¢t'$ General Fund and the Dlstrlrt'5 desl8nated funds and movements ￿tweefi restTlcted funds. As at 31 AuBUSt 2024 the dedslon wa$tskèN to transftrthè Dlstrlrt Athanct Fund from re5tr1ctsd fvnds and Into unrestrirted desl8nated fund5 In accordance wlth the prèscrlbed format of The Methodlst Church. ￿MIlar fvnd transfers have a150 taken plac* ft>rThe M1551on and Youth Fund, The Safe8uardln¥ Fund and The Benevotent Fund. FUTURE GRANT COMMIIMtPlTS AND OIHER CONTINGENT LIABILITIES 16. Dlstrlrt Ad¥•n¢• Pjnd Future grant commltffl￿ts from the Dlstrfct thance Fund aTe shown below. As at 31 August 2024 future arant commltments from the DlstrlrtAdv?nce Fund were •5 follows.. Y••rto 31 Av8USt 2025 31 Au8USt 2026 31 August 2027 31 Au8U5t 2028 527,538 166,026 54,743 53,952 802,259 Centrn Fund Future grani cornmlknents from the CSty Centre Fund are sh)wn below. As It 31 August 2024 fvture Krant ¢ommltment5 from the Clty Centre Fund wtre as follows.. Y•ar to 31 August 2025 31 August 2026 31 August 2027 31 Au8USt 2028 42,737 44.504 35,123 7,5QJ 129.864 All such future payments are condftional upon the Resourcln8 M155ion Commlttee belng satJ5fied, on the ba515 of progre reportsfrorn the grantee, that the project's achle¥ementsto datejustlfythe payment of further In5talments of the 8rant. Page 33 contlnued... BIRMINGHAM DISTrI OFTHE METHODIST CHURCH NOTESTO THE FINANCIALsfATEMENTS. cont*wed FOR THEYEAR ENDED 31 AUGUST2024 FUTURE GRAiif COMMITMENIS AND OTHER c0NTWGEP￿ UA8ILmES- ¢ontlnyod Other Estimated employer debt on ￿thdraWal of fo￿tr employee penslons under the Growth Plan 3 xheme Is £2,191 at the Latest valuatlon date, beln8 30 Septemtor 2023. 17. RELATED PARTY DiSCL05URES Transactlons wlth other Methodlst entltles and assoclated tharldes are dlsdosed In the Reporl of the Trustees. P05T BAiANCE SHErr EVENYS Mtr8erbetwten th• Blmilngham D15trfrt of th• M•thodlst Churth and t￿ Wob¥erh*nyion & Shrevbbury Dlstrkt of the Methodlst thwch The prtsposed merger between the Blrmin8ham Cxstrlct of tlie Method15t thurch and the w￿￿ThaMPton & Shrew5bury Dlstrkt of th• Methothst Church was approved by the t¥￿ D55trlct Synods In Aprll 2024. It was recommended and approved al the Method15t Conferenc• In June 2024 that the two Dlstrlcts will become one omblned West Mldland5 D15trfct wlth effect from September 2025. Work wlll pr¢xeed bef¢xe the merger become5 ￿tte￿ve September 2025 to ensure that all aspects of e•¢h Dlstrkt's work wlll cornt tO8ether, and thatthe merger takes pIKe Smoothly by the end of August 2025. The Blmilngham 015trfcVs mlssloTh and rnlnlstrles work wlll contlnut along￿de these Prepara￿on5. Page 34