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CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS

THE METHODIST CHURCH

STANDARD FORM OF ACCOUNTS

Ilfracombe and Barnstaple Methodist

Circuit

FOR THE YEAR ENDED 31 August 2023

District Plymouth & Exeter	Circuit no	24/20
Registered Charity - Charity Registration number
	1134225

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

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

Ministers:

Revd J Froggatt (Superintendant) Revd D Macalister Revd S Caddick

Circuit Stewards: Mrs Sue Parsley Mrs Sue Cresswell Mrs Edith Poole Mr Geoff Harding Mrs Brenda Prentice

Treasurer:

Mrs Edith Poole

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Ilfracombe and Barnstaple Methodist Circuit

20ACCOUNTS FOR THE YEAR ENDED 31 August 2023

	SECTION A		£ £ £ Restricted Funds Un - restricted Funds Circuit Model Trust Fund	£ £ £ Restricted Funds Un - restricted Funds Circuit Model Trust Fund	£ £ £ Restricted Funds Un - restricted Funds Circuit Model Trust Fund	£ 163,922 8,926 34,614 Totals this year	£ 163,922 8,926 34,614 Totals this year	£ Totals last year
a1	RECEIPTS	Note
a2	Assessment/Share		163,922			163,922		151,790
a3	Capital receipts							80,592
a4	Bank and CFB interest and Investment income		963	6,074	1,889	8,926		4,301
a5	Grants
a6	Other receipts		34,614			34,614		39,456
a7	TOTAL RECEIPTS		199,499	6,074	1,889	207,462	(a8)	276,139

a7	TOTAL RECEIPTS	TOTAL RECEIPTS	199,499 6,074 1,889	199,499 6,074 1,889	199,499 6,074 1,889	207,462 (a8)	207,462 (a8)	276,139	276,139
	SECTION B					74,304 11,711 84,344 36,557 7,693 24,639
b1	PAYMENTS
b2	Stipends, salaries, NIC, Pension and travel costs		74,304			74,304		74,261
b3	Manse Costs		11,711			11,711		9,302
b4	Administration etc		84,344			84,344		86,700
b5	District Assessment		36,557			36,557		32,835
b6	Grants & donations
b7	Contributions to District Advance Fund		7,693			7,693		4,828
b8	Otherpayments		24,639			24,639		24,131
b9	TOTAL PAYMENTS		239,248			239,248	(b9)	232,057
						(31,786)
	SECTION C
c1	NET RECEIPTS/PAYMENTS FOR THE YEAR	(a7-b9)	(39,749)	6,074	1,889	(31,786)

c2	Total funds brought forward from lastyear		2,050,371	190,319	73,970	2,314,660	(c6)	2,270,578
						2,282,874
c3	Sub total (c1+c2)		2,010,622	196,393	75,859	2,282,874

c4	Transfers and adjustments						(c7)

c5	TOTAL FUNDS AT END OF YEAR (c3+c4)		2,010,622	196,393	75,859	2,282,874	(c8)	2,314,660	(c6)

	SECTION D
d	FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS Offerings/Gifts -passed to external organisations BALANCE STILL TO BE PAID (d1 + d2 - d3) Offerings/Gifts - received for external organisations Balance brought forward from lastyear (these amounts should not be included in total receipts/payments above)
d1	Balance brought forward from lastyear
d2	Offerings/Gifts - received for external organisations
d3	Offerings/Gifts -passed to external organisations
d4	BALANCE STILL TO BE PAID (d1 + d2 - d3)

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Ilfracombe and Barnstaple Methodist

Circuit

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

SECTION E Please follow the Guidance Notes to complete this page Summary of the Circuit accounts for the year ended 31 August 2023 and Internal Organisations reporting to the Circuit Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross receipts and payments totals of the Circuit. If gross income exceeds the Accruals threshold of £250,000, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the Circuit and connected Circuit Organisations.

	INTERNAL					Net Receipts/			Opening
	ORGANISATIONS	Receipts		Payments		Payments	Adjustments		balances		Closingbalances
e1
e2
e3
e4
e5
e6
e7
	Sub total of Internal
e8	Organisations funds									(e11)		(e12)
	Circuit accounts (totals
	brought forward from
e9	page 2 - totals column)	207,462	(a8)	239,248	(b9)	(31,786)		(c7)	2,314,660	(c6)	2,282,874	(c8)
	TOTAL CASH FUNDS
e10	HELD BY CIRCUIT	207,462		239,248		(31,786)			2,314,660	(x)	2,282,874	(y)
	Continue on a separate sheet if necessary and bring the totals forward	TOTAL RECEIPTS		TOTAL PAYMENTS


	SECTION F
	STATEMENT OF ASSETS AND LIABILITIES

		OPENING		CLOSING
	CIRCUIT - CASH FUNDS HELD at 31 August 2023	BALANCES		BALANCES
f1	Cash in hand	63		113
f2	Bank Current Account	24,115		13,484
f3	Bank Deposit Account	23,762		15,207
f4	Central Finance Board	62,800		49,136
f5	Trustees for Methodist Church Purposes	62,625		60,760
f6	Other funds
f7	SUB TOTAL	173,365	(c6)	138,700	(c8)
	Total funds held by Internal Organisations (the closing
f8	balance totals above) (e12)		(e11)		(e12)
f9	TOTAL CASH FUNDS HELD BY CIRCUIT	173,365	(x)	138,700	(y)

	SECTION G	At		At
	OTHER ASSETS and LIABILITIES	1 September 2022		31 August 2023
g1	Investments(include Endowments)	203,856		187,250
g2	Land and Buildings(see notes re Insurance value)	1,972,723		1,972,723
g3	Other Assets
g4	Loan(s)- show amount outstandingatyear end	852		10,599
g5	Other Liabilities	(36,136)		(26,398)

f4 Include only Funds held at the Central Finance Board

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

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

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NO: 24/20

Ilfracombe & Barnstaple Methodist Circuit

Declarations and Scrutiny

I confirm that these Receipt and Payment based accounts for the year to 31 August 2023 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting.

Signature of treasurer ……………………………………………………… Date……………………..

Name and address of treasurer: Mrs Edith Poole

8 Lauderdale, Constitution Hill Barnstaple, EX32 8DU

Presentation to the Circuit meeting

I confirm that the annual report and accounts for the year ended 31 August 2023 will be

presented to the Circuit meeting held on ……………..

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

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

Independent Examiner’s Report to the Trustees of the

Ilfracombe & Barnstaple Methodist Circuit

Charity Number 1134225

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the Ilfracombe & Barnstple Methodist Circuit for the year ended 31 August 2023 set out on pages 1 to 3 As the Circuit’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

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Ilfracombe & Barnstaple Methodist Circuit No 24/20

Independent Examiner’s Statement

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

the accounting records were not kept in accordance with section 130 of the Act; or
the accounts do not accord with the accounting records.

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

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

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

Name of independent examiner: Mr Ian Huggett BSc FCA

FCA Relevant professional qualification of independent examiner ………………………………………

Name of firm Westcotts

Address 47 Boutport Street, Barnstaple

28 June 2024 Date …………………………………………

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2023-08-31-accounts