2024-08-31-accounts - Ilfracombe And Barnstaple Methodist Circuit

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THE METHODIST CHURCH

ILFRACOMBE & BARNSTAPLE CIRCUIT (24/20)

TRUSTEES’ ANNUAL REPORT for the year ended 31 AUGUST 2024

[SORP 2015 compliant]

Readers may wish to refer to the Glossary of Terms appearing in the Notes to the Accounts

1 Objectives and activities

In setting our objectives and planning our activities, the Circuit Meeting (under the leadership of the Circuit Superintendent) met four times in the year, has given careful consideration to the Charity Commissioners’ general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing our objectives and conforms to the Charities Act 2011.

Our mission is to commit the Circuit to supporting local churches and individuals as they respond to be a powerful spiritual influence in the Circuit and a visible expression of God’s inclusive love. We aim to achieve this by encouraging Churches across the Circuit to be involved in the worship, social, and outreach activities that currently exist, and by seeking new ways to further their ministry and fellowship to others within the Church family and in the wider community.

The Charity objective is to act as a Resource provider within the area around Ilfracombe & Barnstaple for the Methodist Church:

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:

The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church;
Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church

The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike. The teaching of Christianity through sermons, courses and small groups. The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services.

Public Benefit

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

2 Achievements and performance

The principal purpose of the Circuit is to act as a supporting body between Churches and to help to promote God’s love in Christ and to enable people to serve Him in the world. The Circuit has limited contact in its own right with the public but acts through the activities of the individual churches. The Circuit does not attain direct contact with the public. The direct contact is by Churches and it is these that the Circuit supports in their desire to provide benefit to the public.

The Circuit makes a number of grants to Local Churches and other church organisations during the year. The policy of the trustees on grant making is to ensure that all applications can demonstrate public benefit, pass a test of sustainability, show that there is commitment from the applicant organisation ( eg the local church or church group) and show imagination and creativity as well as a perceived need for that for which the grant is being applied.

A grant of £1000 was made in October to Fremington Methodist Church towards a defibrillator. No other grants were made.

Churches that have received grants from the Circuit will show in their own Trustees’ Annual Reports (where these are required to be prepared) and details of the outcome of the activities undertaken as a result of receiving the grant.

The Circuit Administrator has been in post for two years and her role continues to develop as she becomes more familiar with the Circuit and Methodist policies and procedures.

2.1 Significant events this year

The most significant event in the Circuit was when in June 2023 Emmanuel church, Ilfracombe announced that it intended to close in September 2023. Sadly, the abruptness with which this occurred has had lasting damage across the Circuit, not just to the church itself.

The Circuit is indebted to Janet Gray, URC Pastoral Advisor (and acting without a Synod Moderator in post), who moved various recommendations and resolutions to ensure that the LEP (in place since 1987) was dissolved, so that legally (but not entirely following the recommended Methodist procedure for closing churches), the church could close. Discussions with the then Plymouth and Exeter District and two members of the Circuit Leadership Team (CLT) together with the Superintendent dealt with the necessary meetings without Emmanuel being represented. Since the closure the building has continued to fall into decay and a number of matters have been dealt with by the CLT.

Since September 2024 the matter has been taken over by the new Superintendent and updates will be provided to the Charity Commission in the 2024-2025 report.

In early 2022 the URC Minister announced his expected retirement as from January 2023. In 'alternating ministry' it would be time for Methodist replacement. The Circuit Superintendent announced his intention in May 2022 to leave at the end of August 2023. There was no replacement forthcoming. We were told we would only be a two minister Circuit. This had resulted in much work in 2023 on looking at Teamwork Across the Circuit. Whilst Circuit Meeting agreed to pursue this it was clear that there was little understanding what this might mean to everyone who had a heart for the Circuit.

The increasing number of churches which are no longer viable across the circuit caused concern but very little in the way of formal resolutions were taken to relevant bodies in the District.

Manses, ministry, buildings and cooperation between a small number of people limited the growth and engagement in mission during 2023-2024. Teamwork across the Circuit valuing our worship, community life, discipleship, pastoral care and ecumenical links has taken a plunge and we will be seeking to rectify this in the coming year.

2.2 Plans for future years

Continue to ensure that any local issues emanating from the Past Cases Review are dealt with sympathetically.
Ensure that all those within the Circuit that should attend the ‘Creating Safer Space’ training at all levels, do so.

Provide on-going training and development for Worship Leaders and Local Preachers.
To develop the on-going a ‘five-year plan’ to consider the future ministry and mission requirements of the Circuit

The Circuit has a Mission Statement: Our Circuit is committed to support local churches and individuals as they respond to God's love in Christ and serve Him in the world. Scratch the surface of people's lives and there are efforts made to work with those we live alongside. Recently during 2023-24 there has been an increasing ownership of this idea but more work is required. There is not currently a five-year plan in place.

Encourage initiatives for mission in Local Churches within the Circuit

As noted above, some efforts have been made in pockets across the Circuit, but more work is required.

To continue a mid-week Circuit worship service via Zoom.

This has been well attended and led by a variety of people. Attendance is 50:50 Methodist: other denominations and people from outside the Circuit also regularly attend. The response to the variety and styles of worship is positive. Commitment by the three hosts and those preparing the 35-45 service is high. Regular planning meetings take place and there is now a pattern of ‘themed blocks’ of services (each block may vary in length depending on the theme).

To continue to build links with adjacent Circuits and other ecumenical partners. Ecumenical partnerships across the Circuit are slightly more than simply nominal in some churches, whilst in others it is fully integrated – with 4 formal LEPs as well as informal arrangements in some of the other village churches. There is only anecdotal evidence as to how well the (informal) ecumenical services are supported. The Circuit continues to meet twice a year with Calvary church, which uses the old Methodist Church at Woolacombe, to review and maintain the relationship.

3 Financial Review

Income trends

Circuit income is primarily drawn from the assessment paid by the circuit churches. The rental income relates to the rental of Circuit properties held under the Model Trust Fund.

Expenditure trends

Stipend expenditure has increased each financial year in line with Conference approved increases, however the overall amount has decreased due to the reduction in staffing.

48% of expenditure is the Circuit contribution to the District and Connexion, of which 25% is for payment of stipends and other employment costs and 23% funds the work of the wider Methodist Church at both Connexional and District levels.

The other expenditure includes £6862 of funds levied by the District for the District Advance Fund.

Fund balances

As at 31 August 2024 the net current assets of the Circuit were £2282,874 (investments and unrestricted funds) giving approximately 24 months cover for expenditure.

Plans for 2024-25

Circuit financial plans for the coming year have been prepared on the basis that there will continue to be 2 full time ordained staff within the Circuit with anticipated cost of living stipend increases combined with an increase in the assessment paid to the district.

3.1 Investment Policy and Performance

To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes (TMCP). TMCP acts as custodian trustee for all real estate held by the Circuit and for all large (over £20k) bequests and for the proceeds of sale of any property formerly owned by the Circuit. These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FTSE100 index. The deposit income mirrors the deposit rates available elsewhere. The Circuit trustees’ investment policy is aligned with that of the CFB and TMCP because these organisations take into consideration the social, environmental and ethical considerations, both negatively and positively, that make investments suitable for the Methodist Church.

Short term deposits are lodged directly with the Central Finance Board (CFB) and attract good rates of interest.

There are no benchmarks for the expected returns or appreciation on investments at TMCP and CFB. It is the Circuit’s policy to manage the cash and investment resources of the Circuit so that a rate of return on investment – both by way of dividend and capital appreciation – is obtained at least as good as market rate considering the Circuit’s low appetite for risk.

3.2 Reserves level and policy

The Circuit has a reserves policy covering all its unrestricted funds which is reviewed annually. Although grants are made annually out of the Circuit Model Trust Fund (CMTF), it is recognised that some grants will be paid by annual instalments and that there will be applications repeated in future years. The trustees seek to ensure that there is sufficient in the CMTF to meet these anticipated grant applications.

The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 12 months average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches.

The Circuit is largely risk averse but, especially in making grants to entities embarking on new and imaginative initiatives, the Circuit is prepared to underwrite considered risks.

Risks are managed by being aware of them, quantifying their impact not only in cost terms but in possible reputational or structural damage, laying them off through an insurer and minimising them by not taking them or by setting up control systems that timeously report any significant change in the risk.

4 Trustees’ responsibilities

For each financial year ending on 31 August the Trustees are required to prepare financial statements that give a true and fair view of the Circuit’s financial activities during the year

and of its financial position at the end of the year. In preparing these financial statements, the Trustees must:

select suitable accounting policies and applied them consistently.
make judgements and estimates that are reasonable and prudent
follow applicable accounting standards
prepare accounts to comply with the Charities SORP

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Circuit and enables them to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the Circuit and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Circuit’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Training in the responsibilities of trustees is offered to all new trustees soon after their appointment.

4.1 Risk

The major risks have been identified and recorded by the Circuit Meeting with professional advice taken as required. There is a regular annual review process undertaken and recorded. Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.

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 us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodist Connexional practice outlines commitment to the following principles:

Promote a safe environment and culture
Safely recruit and support all those with any responsibility for children and adults within the church
Respond promptly and appropriately to every safeguarding concern or allegation
Care pastorally for victims and survivors of abuse and other people who have been affected
Care pastorally for those who are the subject of concerns of allegations of abuse and others who have been affected
Carry out risk assessment and put safeguarding measures in place where individuals pose a present risk to children, young people or vulnerable adults

The Ilfracombe & Barnstaple Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy, District Safeguarding Policy, government legislation, guidance and safe practice in the Circuit and in the churches.

The Ilfracombe & Barnstaple Circuit commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about

their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

5 Structure, governance and management

The Circuit is an unincorporated association and is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charity Commissioners.

Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting and the Circuit Meeting.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the circuit, specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Circuit meeting members as induction to their role as trustees.

5.1 Structure

Circuits are the coordinating charities for local groups of Churches; Circuits pay the stipends of the ministers and employ lay staff to serve the Churches in the Circuit; most decisions are made at or ratified by the quarterly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circuits and makes its decisions at the half yearly synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist Churches.

Overall regulatory authority rests with the Methodist Conference.
The Connexional Office implements decisions made by Conference and is also responsible for the stationing of presbyters and deacons (collectively known as ministers) in individual Circuits within the District.
Connexional decisions are passed to the Chair of the District and the appropriate officers of the District for implementation.
The District passes control down to Circuit level for local implementation by the Superintendent Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meeting for certain matters.
The Circuit Meeting passes regulatory control down to Church Councils for local implementation by the presbyter, the Church Stewards, and other officers, and this regulatory authority is then exercised by Church Councils as Managing Trustees of their charity.

5.2 Purpose of the Circuit

The Circuit is an expression, over a wider geographical area than any Church, of the Connexional character of the Church.

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

The Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and
any charitable purposes for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church, and
any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and
any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church.

The primary purpose of this Circuit is to advance the mission of the Church in the geographical area covered by the Ilfracombe & Barnstaple Circuit by:

by providing opportunities for Churches to work together and support each other
by offering to Churches resources of finance, personnel and expertise.

The Circuit serves the Local Churches, District and the Conference in the support, deployment and oversight of the various ministries of the Church, and in programmes of training.

Related Parties

The Circuit is part of the Plymouth &Exeter District and is also accountable to the Methodist Conference. The following Methodist Churches and LEPs are linked to the circuit:

Bratton Fleming (Methodist/Anglican LEP) Challacombe (closed May 5[th] 2024) Christ Church Barnstaple (Methodist/URC LEP) Christ Church Braunton (Methodist/URC LEP) Combe Martin Emmanuel, Ilfracombe (Methodist/URC LEP) (closed September 2023) Fremington Goodleigh (Methodist/Anglican LEP) High Bickington Loxhore Marwood Newport Sticklepath

5.3 Governance

The Circuit operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. It relies on the Connexional Office, which was at 25 Marylebone Road, London NW1 5JR (the year this report refers to), but has now moved to 25 Tavistock Place, London, WC1H 9SF to provide guidance on changes that could affect the District.

The members of the Circuit Meeting are annually appointed by a vote of the Circuit Meeting (for Circuit Officers) and relevant Church Councils (for Church Representatives), for a continuous term not normally exceeding six years. The Circuit Meeting annually appoint the Circuit Leadership Team. All active ministers are members. Other members may be either

Supernumerary ministers or lay people attending Churches in the area covered by the Circuit.

The Circuit Leadership Team normally meets eleven times per year and deals with routine and exceptional matters. It oversees the allocation of Grants, finance, property, the Circuit office, the Circuit manses, stationing, safeguarding, authorisations to preside at communion, and extensions to local preacher training.

5.4 Responsibilities of the Circuit Leadership Team

to formulate and promote policies which will advance the mission of the Church in the Circuit and Local Churches and, in particular, to supervise the use of resources of personnel, property and finance and to assist local churches having exceptional problems
to encourage inter-Circuit, inter-church and ecumenical co-operation
to act in an executive capacity in matters remitted to the CLT by the Circuit Meeting
to keep within its purview all Circuit concerns not dealt with elsewhere
to contribute and respond, as the case may be, to the development of Connexional and District policies as reflected in the work of the Conference and the Methodist Council, and to carry out its other responsibilities with any such development in mind
to be aware that the stipends of the Circuit Staff are set – currently by reference to the change over a year in the Consumer Price Index and to the annual change in the Average Weekly Earnings Index – using a formula that was agreed by the Methodist Conference for all ministers within the Connexion
constantly to be aware of the public benefit guidance issued by the Charity Commission

6 Reference and Administrative Details

6.1 Name of the charity

The Ilfracombe & Barnstaple Methodist Circuit.

6.2 Charity registration number

1134225, registered in England and Wales

6.3 Principal Office

Circuit Office, Christ Church, 8 Bear Street, Barnstaple, EX32 7BU

6.4 Circuit Staff

Rev Don Macalister (Left January 2024) Rev Stephen Caddick (Circuit Superintendent September 2023 – August 2024)

6.5 Circuit Secretary Mrs Jane Venables io

6.6 Circuit Treasurer

Mrs Edith Poole (until 31[st] Dec 2024)

6.7 Names of trustees

The Managing Trustees for the Circuit are the members of the Circuit Meeting and names are as entered into the Charity Commission Report.

No trustee claims exemption from disclosure of his or her name here.

6.9 Bankers

Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE

6.10 Investment managers and custodian trustees

Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ

6.11 Independent Examiner

Thomas Westcott Chartered Accountants, 47 Boutport Street, Barnstaple, Devon, EX31 1SQ

Approvals

The Trustees’ Report and the Financial Statements will be agreed by the Circuit Leadership Team and are to be presented for approval by the Circuit Meeting planned for 24[th] June 2025.

Signed on behalf of the Circuit Meeting, as authorised:

Tracey Darling (Superintendent Minister (from Sept 2024))

Date:

Heather Bolt (Circuit Treasurer from January 2025)

Date.. 12

CIRCUIT RECEivfs AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Ilfraeombe and Barnsts le Methodist Circuit FOR THE YEAR ENDED 31 August 2024 uth & Exeter now South West PensU18 Dlstrkt Clrcuit no 24120 Reglst•r•d Charlty- Charlty R•gl#tratlon numbor 1134225 If not a regl8tered charity HIS Ilaiè8ty• R•v•nu• and Cu•tonw Glli Ald numb•r rth6 HMRC numbw Is equivalent to a registered chaty number in term of dence of charftable status and rroy be used to give to donors or grant funders ShIng to See evvjence of the organisation's chatable Status. MethtrJl8t thantie8 in England and Watsé8 that afe not rng1 chathl88 are excepted from rogistration under Statutory 1nstrUrrt 2014 No.2421 Mlni8t8rn.' Revd S &ldt¢Lk Su Revd D Macall8ter Mrs Sue Pa Mrn Cresspll Atrs Edith Pook8 G&)ff Hardi Mr8 Brenda Prenlk Treasurer. ci 3t.8.24* Edlk Poole

an thodisl rnstsp ACCOUPITS FOR THE YEAA ENDED 31 August 2024 Clrcult arcull restrlcted Tvuth A88trlct•J Fund Fund8 Totslj thls Totsbs Last SECTION A a1 RECEIPTS Assessmentshare 154,184 a3 a4 Ca ial roc81 Bank and CFB inleresl aThJ Inveslmeni income 1267 7.492 2.263 1122 8,926 a5 Grants Other rocaipts TOTAL RECEIPTS 46,927 195,202 46,V27 204,957 34,614 a7 7,492 2.263 197,724 SEcnoN B b1 b2 PAYMENTS SiiperKls, sal8ri0s. NIC. Pons)n and travel cosis 46,731 b3 Manse Costs Adminisiration etc 63.248 Dislrict Assessrnenl Grants & donations Conlnbutions lo District Fund Other payments TOTAL PAYMENTS 44,248 36.557 b7 20.106 24,640 180,347 7a98 187,743 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR cl •79 14 Total funds brou ht lorward Irom lasi 3.970 210837 Sub tot81 1+c2 18.825 87,987 76,233 183,045 165831 Tr8nslèrs aNI ad'ustmènis c7 TOTAL FUNDS AT END OF YEAR le34) 18.825 76.233 183,045 165.631 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO ExfERNAL ORGANISATIONS Ihese amounts should rKJt be Included In total rocel t ments abo¥•) Balance brou hl loward Irorn last d1 ar d2 Ollerin Gills - rELwiv8d lor exlemal or isabo d3 OlleringslGilis- passed to exlernal organisatK* BALANCE STILL TO BE PAID d1+d2.d3 7FICOACF3B58gDEI 2015

frnc¢>mbo and Bllmsta thodl rriiEEn SECnON E unw ol the CiTli accounts or Ihe 31 >JJgJ 24aJx1 hiem alK6 Qrujrt Aloqtmg. Not•th&t th• furth ol an knieFn81 tsgaityathin ) R&5trKW C( tml Ihtytsxld be L%¢d farany method PLrySg. TNS section UWJs1 bq [t Its tiVe ¥ ts gloss rw¥s totaL% d li 9TOSS IA41treth0f £2,0. Ihen the AWU8 mBtkKxJ ol n¢AND A FERENT FORU r wlto rew the XX¥Jfts {8 TrAoih)thst w*b5itel. Pe INTEBNAL Cl1 CAr¢L41 •CCOUthlb)Wts brwht Iww4wdlrDm

)157 17214 IELD BYCIRciNr 2•4.9$7 187,743 17314 115031 183 045 O iqPBTBt• TOT•L RECWPT8 TOI PAnlEfiw8 lo SEcnoN F LQWNO tyAcurr.¢•4M 128 C•ntr4 FIMr¢• 80gt 30 523 87.891 87.9e7 SU•TOTAL 1$5.831 183,04J ar¢¢ ov•l1•12 •11 TQTAL¢ASH FufiDS HELOgY CIIKin 185M31 ir¢19 171047 10 059 061 hei A6s4ts 14 le¢r FL4)tsJ¢eC•*•IFWK Boj

Name of Circuit . Ilfracombe & Bamslaple Melhodlst Clrcutt No ?4r20 Declarations and Scrutiny l confirm that these Receipt and Payment based accounts lor the year to 31 Augusl 2024 have been prepared froffl the records of the Circuit and that they include all funds urKler the control of the Circuit meelino. Signature of treasurer . 301¥1? Name and address of Ireasurer . . Eth'lh Pc¥Jlo 8. Lauderdale, Constitulion Hill Barnslaple EX32 8DU Presentatlon to the Clrcull meellng I confirm Ihal the annual report and accounts for the year eThled 31 August 2024 Yre/wIll be. pr8senled lo the Circuit meetlng hekl on . 41£.J2S Signature of the Chair of the meeting Nam8 of the Chair of Ihe meeling fE.Vb. M -!KOQy. lJfioirJ.&........ Date . Independent Examlner's Report to the Trusiees ol the Charlty Number . 1134225 Responslbllltles and basls of report I report to the trustees on my examination of the accounts of the 11 . Circuit lor the year ended 31 August 2024 sel oul on pages lo As the Circuil's twslees, you are resFX)nsible lor the preparalion of Ihe accounts in accordan Vdith the requirements ol the Charities Act 2011 Ilhe Act,). I report in respect of my examinalion of the Circuit's accounts carried OLrt under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission urKler section 145151(bl of the Act. 48FD11)5593CDeA90780FAA339ME3292C2CFOB6F4850F7F2A86o9F7oC3F69OSB*2E8I49O8F1869E?4[>D)1D75B 89921447F1COACF2B589DEI 4otS

Name of Circuit . Ilfracombe & Barnslaple Melhodlst Clrcult Independenl Examiner's Slalement I have completed my examination. I confinn that no materid matters have come to my attention in connection with the examination which giv8 me caus8 to believe that in. any material respect: the accounting records Yre not kept in accordance with section 130 of the Acl,. or the accounts do nol accord ¥Mth the accounling records. I have no concerns and have come across no other matters in connection with the examination to which attention should be dravm in this report in order to enable a proper understanding of the accounts to be reached. I have not obtained independenl verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and lurKls 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 .Catherine Williams FCA DChA Relevant professional qualification of independent examiner Name of firm Westcotts Address 47 F*JUt[[ Stregt, 8amstaFle, Den Post Code EX31 ISQ Date 4BFD1O5593cD6A9078(A3yA4Ea292c2cFOB6F4&fjOF1F?ABWFP2s6DGx1F69D5Bc69Ee44Fl96SE24O49S81D7SB 89921447FICOACF38589DEI 5015

)157 17214 IELD BYCIRciNr 2•4.9$7 187,743 17314 115031 183 045 O iqPBTBt• TOT•L RECWPT8 TOI PAnlEfiw8 lo SEcnoN F LQWNO tyAcurr.¢•4M 128 C•ntr4 FIMr¢• 80gt 30 523 87.891 87.9e7 SU•TOTAL 1$5.831 183,04J ar¢¢ ov•l1•12 •11 TQTAL¢ASH FufiDS HELOgY CIIKin 185M31 ir¢19 171047 10 059 061 hei A6s4ts 14 le¢r FL4)tsJ¢eC•*•IFWK Boj