Annual Report of the
Somerset Mendip Circuit (07/16)
1[st] September 2023 – 31[st] August 2024
Our mission as Somerset Mendip Circuit is to love God and our neighbours as ourselves. Our ministry is to live our faith, pointing others to Gods liberating love in Jesus Christ.
Thank you for your witness and your trust in God’s grace, in your communities, this circuit and the world. It has and will continue to change everything. As always you are in my prayers and thoughts, Rev Tina Swire Superintendent.
Reference and administrative details
-
The Somerset Mendip Circuit of the Methodist Church is a Registered Charity, No. 1134237.
-
Correspondence Addresses: Mr K B Speddings
Circuit Office Wells Methodist Church Southover Wells BA5 1UG smcwells2019@outlook.com
Managing Trustees 54
MALCOLM BARLOW JOHN BATT IRIS BELSTEIN ALASTAIR BOLT EDITH CHANNON CHRISTOPER CLARKE JACQUI COBB JUDITH COLE MOIRA COWELL MARGARET CRAWSHAW VAL CREED BRIAN DAVIDSON STEVE DERBY LOIS EMM PHILIP EAVIS
BETHAN FOISTER ANDREW PROUT MALCOLM GALE MAUREEN RENDELL ROB HASKINS STUART SEEL ELAINE HERBERT MEG SLINGO LEANNE HIBBERD ERIC SMALL KEN HILL BARRY SPARKS HENRY HOLLAND BARRY SPEDDINGS BILL JACKSON MARGARET SPEDDINGS MARION JEFFRIES VIVIENNE SQUIRE CELIA KEADY ED STANDHAFT BARRY KING ANTHONY STEVENSON DAVID KNIGHT SUE STORRIER KATHERINE LAWS TINA SWIRE COLLIN MOORE GORDON TAYLOR RICHARD PHILLIPS RUTH THOMAS MARY POWELL DEBORAH TOWNER
pg. 1
HELEN WADE JILL WARREN RAY WARREN
KATIE WEBB JACKIE YOUNG EILEEN WESTLAKE KEN YOUNG ANGELA WITTLETON
Churches and membership of the Somerset Mendip Circuit
-
Axbridge – 8
-
Banwell – 21
-
Castle Cary – 58
-
Cheddar – 20
-
Churchill – 30
-
Congresbury – 18
-
Keinton Mandeville – 8
-
Norton Down – 33
-
Pilton – 21
-
Rode - 9 (LEP 6meths/3Baps) Somerton–39 (4 Meths/35 LEP) Wells – 47
-
Frome Wesley – 50
-
Glastonbury –46
Acronyms used in this report are as follows:
SMC – Somerset Mendip Circuit CLT –Circuit Leadership Team CLPD – Continuing Local Preacher Development LA – Local Arrangement WL
LWP - Leaders of Worship and Preachers MHA – Methodist Homes for the Aged URC – United Reformed Church WL – Worship Leader
LP – Local Preachers
Structure, governance and management
Brief History
SMC came into existence on 1 September 2009. This circuit was formed out of an amalgamation of three previous circuits: The Frome Circuit, The Somerset Mission Circuit and The West Mendip Circuit.
Circuit Staff
Presbyters Rev Tina Swire (Superintendent) Rev Collin Moore Rev Meg Slingo Rev Andrew Prout
Lay pastoral and community workers
Bethan Foister Leanne Hibberd
Circuit Administrator
Deborah Towner
Digital Mission Enabler Vacancy
Circuit Stewards
Jacqui Cobb (LWP) Judith Cole (Personnel) Malcolm Gale (Property)
Barry Speddings (Charity Commission) Lois Emm
pg. 2
Leadership structure
Circuit Meeting (three per year - spring, summer and autumn)
All presbyters All Supernumeraries All Circuit Lay Pastoral Employees All Circuit Stewards Three LWP reps + LWP Administrator Other Circuit Officers 2 representatives from each local church (normally the Senior Church Steward and Church Treasurer - if any church has more than 50 members that church may send a third representative)
CLT (monthly)
All Presbyters All Circuit Stewards All Circuit Lay Employees Circuit Safeguarding Officer
Envisioning Days (2)
All Presbyters All Circuit Stewards All Circuit Lay Employees Circuit Safeguarding Officer
Supervision (by Superintendent)
All presbyters All Circuit Lay Pastoral Employees Circuit Administrator
Activities
The SMC Mission Statement
OUR VISION
Our vision is of a circuit where people experience and share God’s love, justice and
joy.
OUR PURPOSE
Our purpose is to encourage, support and challenge one another in fulfilling our vision.
SMC is run according to the Constitutional Practice and Discipline of the Methodist Church in Great Britain. (Registered Charity No. 1132208.)
WORSHIP
- The Somerset Mendip Circuit produces in each quarter a plan for the worship of the whole circuit. The plan is produced by a small plan-making team, including Rev Tina Swire and Jacqueline Cobb (Local Preachers’ Administrator), assisted by Deborah Towner (Circuit administrator) . We have been using Chrestos to make the plan. This group is responsible for gathering plan dates from preachers and churches and for circulating the plan after it has been finalised. Circuit
pg. 3
ministers are responsible for planning all communion services and other ‘specials’ in their own section. The plan is published at the earliest opportunity.
-
Before each plan is made, all LPs are asked…
-
a) how many services they wish to take on each plan. b) which churches they are prepared to travel to.
-
The LPs and WLs meet four times a year.…
-
a) In September/October
The Annual Rededication of LPs and WLs takes place at this meeting. b) In December/January c) In March/April d) In July
-
All LWP Meetings are chaired by Rev Tina Swire. Other circuit officers include… a) Jacqueline Cobb as LWP Administrator for the whole circuit
-
b) LWP meeting minute secretary - vacancy
-
c) Circuit Tutors for training those on note and on trial and for the Worship Leaders - two vacancies .
-
-
The Circuit seeks to encourage and foster links with ecumenical partners wherever
possible.
- Local church dedications (e.g., workers with children and young people, home group leaders etc.) take place in each church at an appropriate time, decided by the respective Church Council.
PASTORAL CARE
Each local church within the life of the Somerset Mendip Circuit is placed within the pastoral charge of one of the circuit presbyters, lay pastoral & community workers, who support the pastoral teams within the churches. Circuit staff are kept informed of particular pastoral needs or requests. However, much of the pastoral visiting is undertaken by the pastoral visitors in each local church. Meetings for the church pastoral visitors take place as and when required, but at least annually. In each church, pastoral committee meetings offer an opportunity for that church to identify its pastoral needs, offer training and share experiences.
DISCIPLESHIP, NURTURE and LEARNING
Discipleship, Nurture and Learning in SMC covers a wide range of events, which include…
a) Circuit Quiet Days
- b) Circuit Study Days
c) Circuit services
-
d) Circuit events for fellowship and fun
-
e) Special worship occasions
-
f) Courses which help people understand the Bible
-
g) Courses which help people relate their faith to current events and issues in our society.
h) Safeguarding training
pg. 4
EVANGELISM AND OUTREACH
The purpose of the Somerset Mendip Circuit is to support, encourage and challenge the local churches in their life and mission. Evangelism and outreach are about having a presence in each neighbourhood as ambassadors for Christ; being salt and light in our communities. This involves making connections with the various groups who use our premises and moving outside the church buildings to make connections with the local community. The circuit also draws attention to other agencies, such as Action for Children, CARE for the Family, MHA, All We Can etc.
PERSONNEL
This area of life within the Somerset Mendip Circuit is best considered using four distinct headings…
- Safeguarding Ruth Thomas is the Circuit Safeguarding Coordinator who liaises between District, Circuit and individual churches on matters relating to safeguarding, and keeps the Circuit Meeting and the individual church councils (via the church reps) up to date with any changes in legislation and procedures. Each church holds a copy of the current Methodist Safeguarding Policy document and is required to adopt a suitable policy regarding safeguarding which is reviewed annually. Each church appoints a ‘person responsible’ for the implementation of the safeguarding regulations, and the individual church’s policy on safeguarding. SMC runs the Creating Safer Space Foundation Module, which has been done online and face to face. Advance Training has taken place online.
DBS checks have taken place.
2. Lay Employment
The SMC Lay Employment Coordinator position is vacant at the moment with Steve Derby having stepped down. The Co-ordinator is responsible for ensuring that all matters relating to the employment of lay circuit staff and lay people employed by individual churches comply with current legislation. The Lay Employment Coordinator is responsible for advising the District Lay Employment Secretary of all proposed new employment and employee changes.
3. Digital Mission
Following David Knight stepping down as the Circuit Digital Mission Enabler in order to take up a district role a new appointment to the position is in hand. It is envisaged the appointed person will be responsible for the Circuit Website needs and social media, and assistance with all things digital across the circuit and online, hopefully including weekly digital services. It is hoped that the digital songbook that David Knight has compiled will continue to be used across the circuit and parts of the connection.
- Invitations/stationing Judith Cole is the circuit steward responsible for organising and overseeing the invitation process, as and when required. The invitation committee is appointed by
pg. 5
the Circuit Meeting annually in the spring and always includes Circuit Stewards. The invitation committee adheres to the current Connexional guidelines.
COMMUNICATIONS
The Circuit staff and LPs have a key role in communication as they travel around SMC. Circuit Stewards are encouraged to visit Church Councils around the circuit, as they are able. This will normally result in each Church Council having a visit from at least one Circuit Steward annually. The Circuit magazine called, ‘The Stream’, remains under review, being a showcase for Circuit events. In the recent past a weekly email has also been sent out and the reintroduction of this remains under review at present. SMC also has a directory and a preacher’s handbook to disseminate information and to aid communication which is updated annually. Individual churches/sections are encouraged to publish their own church magazines, as they are able.
There is a SMC website http://www.somersetmendipmethodists.com and the incoming the Circuit Digital Mission Enabler will be the Webmaster.
The Circuit Administrator has a key role in communicating with all the churches. Every circuit group and every church have a responsibility to communicate. Each church in the circuit has appointed a contact person (usually the contact steward) who is responsible for making sure that information is communicated throughout their particular church. The Circuit is at present seeking an additional administrator.
PROPERTY
Malcolm Gale is the Circuit Property Coordinator. He keeps an overview of all property matters within the life of SMC. The Circuit Property Committee (consisting of the Circuit Property Coordinator, one circuit presbyter and at least one property ‘rep’ from each section of the circuit). Usually meet once a year, before the summer circuit meeting when the annual property report is given. This allows the Circuit Property Co-ordinator to present all the property matters to the Circuit Meeting in a clear and concise format. Each circuit manse has a local manse co-ordinator appointed.
Achievements and Performance
- Main achievements of the year
The CLT produces a comprehensive Circuit Directory and Circuit Preacher’s Handbook, which was last updated in 2023. The Circuit Plan continues to be published quarterly.
The Circuit is in the process of recruiting a replacement Digital Mission Enabler to support all aspects of work in IT across the circuit.
As a circuit we celebrate the ministry of our Lay Pastoral & Community Workers. We continue to reflect on and discern, where God is calling us to grow in this ministry.
How SMC’s work has developed towards fulfilling its aims
We encourage learning and continuity, development for our presbyters.
pg. 6
We are grateful for our supernumeraries who stepped in to help us shepherd the circuit. Our supernumeraries are Rev Jill Warren, Rev Margaret Crawshaw, Rev Robert Channon, Rev Alastair Bolt and Audrey & Ed Standhaft, we give them our thanks.
As a circuit we seek to love God and be good neighbours our ourselves. To enable us to grow in and share are faith, we have continued with planned circuit services, quiet days and training events.
Progress of Aims and Objectives for SMC during the period 01.09.23 – 31.08.24
-
The Connexional training course, ‘Worship: Leading & Preaching’ continued to be implemented across the circuit.
-
SMC provided scrutinisers for the representative sessions of District Synods for 2023-2024.
-
SMC have trialled, and continued with a new assessment system across the circuit and with making grants available for missional work
-
The CLT continued to review the life of the circuit.
-
We have continued to provide an enhanced communication and support network.
-
DBS checks have continued to be processed. Safeguarding Foundation and Advanced training have taken place online and face to face.
-
Continuation of ongoing budgeting reviews.
Aims and Objectives for SMC during the period 01.09.24 – 31.08.25
-
To continue on going planning both on an annual and five-year balanced budget basis.
-
To move towards a reduction in ordained ministers from four to three.
-
To continue to discern the role of Lay work in our circuit in line with the above. 4. To continue to work with the training course, ‘Worship: Leading & Preaching’ across the circuit and to use material from the new course during LWP meetings to aid CLPD.
-
To hold Creating Safer Space Foundation Module Training sessions, either online or in person.
-
To organise study/quiet days for LPs and WLs during the year.
-
To continue to support and encourage our churches post Covid.
Financial Review 2023/2024
There was no named Circuit Treasurer for much of 2023/2024 following the resignation of the former occupant of the post in November 2023 and despite subsequent attempts to recruit. Under Methodist Standing Orders the Treasurers responsibilities sit collectively with the Circuit Stewards. In July of 2024, towards the year end, a financial officer / bookkeeper was finally recruited and appointed under the supervision of the Superintendent of the Circuit. An annual meeting took place in March of 2024 chaired by the Deputy Superintendent with all the Local Church Treasurers and one Circuit Steward. It is the usual practice for such meetings to consist of the Treasurer or Financial Officer,
pg. 7
Superintendent Minister or circuit presbyter, with at least one church treasurer or representative from each church within the circuit: the purpose of this meeting being an opportunity to share latest financial information and discuss the circuit budget ahead of the Spring Circuit Meeting, at which the annual budget for the upcoming year is presented. All Churches continue to meet their Assessment with two Keinton Mandeville and Rode being permitted a holiday from contributions during this period owing to financial constraint. Contributions from these two Churches will recommence in 2024-25.
During the year 23/24 the Circuit saw its net current assets fall from £778,979 to £621,919 a small element of which (approximately £15,000) is allocated to the maintenance of Wedmore Methodist Church Graveyard pending sale. This deficit was planned and within budget as the Circuit sought to balance its books through drawing on its reserves. A further anticipated £160,000 will be drawn down from reserves in 2024-25 against an annual budgeted expenditure of £432,000 notwithstanding monies the Circuit should receive from the sale of the aforementioned Wedmore Chapel (£140,000) . Aware that such deficits cannot be sustained in the long term a decision has now been taken to reduce the ministerial staff from four to three effective September 2025. A Strategic Review will also be carried out in 2025 which will include long term financial planning. Provisional forecasting through to 28/2029 indicates that losses can be sustained through this period whilst retaining three full time Ministers, three half time Community and Pastoral Lay Workers, a half time Digital Mission Enabler, and Administrative Staff. The Circuit has a number of capital assets which can be sold or let which are now either redundant or are surplus to requirement. This includes two redundant Churches, a small strip of land, and two Manses. No Churches or other capital assets were sold in the period 23-24. The Circuit currently owns the freehold to 5 manses (Castle Cary, Churchill, Coxley, and two in Frome.) One of the Manses in Frome is currently being commercially let. The Circuit has the following principal sources of funds: -
-
Assessments on Churches within the Circuit
-
Interest on Investments
-
Reserves held in the MTF, unrestricted Trust Funds & other smaller Restricted Trusts.
These sums are used to administer the Circuit and to provide grants to Churches and individuals in the Circuit so that they may embark on or continue with projects that fulfil the mission of the Circuit by bringing more people to Christ or by providing facilities that might enable this to happen. To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes (TMCP). Short term deposits are lodged with the Central Finance Board (CFB).
The Circuit has a reserves policy covering all its funds which is reviewed annually. It is recognised that some grants will be paid from these reserves as a result of applications to the Circuit made by churches within the Circuit but the minimum policy level of the readily available part of the General Fund is such as to pay for 6 months’ payroll costs and the other costs of the Circuit. Unused reserves are held for contingencies and repairs of Circuit property, grant applications from Circuit churches and any churches finding it difficult in meeting their future assessments. Although the Circuit is currently managing a year-on-year deficit the Managing Trustees are confident that forward plans are in place to address this constraint with the pending Circuit Strategic Review. With net current assets totalling £621,919 this represents approximately 18 months expenditure.
A full Statement of Financial Activities (SORP) and thorough independent examination of the Accounts for the year 23/24 was completed in June 2024. The delay in completing this documentation has arisen because of the absence of a designated Treasurer for a significant part of the period in question, and the late appointment in the year of a financial officer / bookkeeper to compensate.
pg. 8
Public benefit statement
The trustees of SMC have complied with their duty to have due regard to the guidance on public benefit published by the charity commission in exercising their responsibilities.
This annual report has been approved by the Somerset Mendip Circuit Meeting held on 26[th] March 2025 at Wells Methodist Church.
Signed: Rev Tina Swire
Rev. Tina Swire SMC Circuit Superintendent
pg. 9
| fortheyea | rended31Augu | sl2024 | |
|---|---|---|---|
| Somerset MendipMethodist | Gircuit | circuitno | *a7fi6 |
| Registered Charity-Registration number | 1134237 | ||
| Ministers | RevTina Swire-Superintendent | ||
| Rev MegSlingo | |||
| RevCollinMoore | |||
| RevAndrew Prout | |||
| CircuitStewards | JudithCole | ||
| Angela Wittleton(UntilEndNov2023) | |||
| Barry Speddings | |||
| JacquiCobb | |||
| MalcolmGale | |||
| LoisEmm | |||
| LayEmployees-Deborah Towner, DavidKnight(Until | |||
| April24),Bethan Foister, Leanne Hibberd and | Ann-Marie | ||
| Walker (From July20241 | |||
| Circuit Treasurer | CircuitStewards |
| NameofCircuit SOMERSET |
NameofCircuit SOMERSET |
MENDIPCIRCUIT | MENDIPCIRCUIT | MENDIPCIRCUIT | MENDIPCIRCUIT | circuitNo | OTlt6 | |
|---|---|---|---|---|---|---|---|---|
| StatementofFinancialActivities(SOFA) | for theyear ended31August 2024 | |||||||
| Notesto | CircuitModelDesignated | |||||||
| the | GeneralFund | Trust | Funds | Resfiicted | Endowment | Total | ||
| accounts | (Unresuicted) | (Unrestricted)(unrestrictedlFunds | Funds | 2023-24 | ||||
| f.ffE | f | f | ||||||
| lncome | ||||||||
| 1Donations andlegacies | 4 | 0 | 0 | |||||
| 2Incomefrom monetaryinvestments | 6 | 25,603 | 11,985 | 77 | 38,559 | |||
| 3Othertrading activities | 5 | 27,378 | 27,378 | |||||
| 4Assessments on Churches | 192,300 | 192,300 | ||||||
| 5Capital Receipt | 0 | 0 | 0 | |||||
| 6Grants received | 0 | |||||||
| 7Other income | 7 | 860 | 850 | |||||
| 8Total income | 247,L{L | 11,985 | 0 | 7L | 0 | 259,197 | ||
| Expenditure | ||||||||
| 9Grants and donations | 420 | 0 | 424 | |||||
| 10Stipends and related costs | 77 | 22s,9A5 | 225,905 | |||||
| Ll. Property maintenance | 65,6?2 | 1,248 | L,465 | 58,335 | ||||
| 12DistrictLevy | 13,510 | 13,510 | ||||||
| 13 District Assessment | 54,528 | 54,528 | ||||||
| 14 lnsurance& Utilities | 18A5O | 18,450 | ||||||
| 15Telephone & Travel | L6,466 | 16,466 | ||||||
| 16 PlanningApplicationSandford | 7,7A8 | 1,708 | ||||||
| 17AdminCharges | 1,253 | 5 | 2,L04 | |||||
| 18MinistryCosts | 8,932 | 746 | 9,677 | |||||
| 19Rounding | 0 | |||||||
| 20Total charitable expenditure | 398,853 | L6.024 | 0 | 7,2L6 | 0 | 4L7, | ||
| 21Gains/(losses) onmonetaryinvestments | 632 | 845 | t,478 | |||||
| 22 Gains/(losses) oninvestment properties | 0 | |||||||
| 23Net income/(expenditure) | lLsL,722't | 13,4O7l | 0 | (1,299) | 0 | (1s5,428) | ||
| 24Transfers between funds | {L3S,77sl | 0 | ||||||
| 25Other gains/{losses} | 0 | |||||||
| 26Net movement in funds 27lotalfunds brought forward |
2,189,606 (15.9471 |
296F04 (139.1821 |
200,000 0 |
32,474 | 0 | 2,778,884 {155.428} |
||
| 28Total funds carriedforward | 2,t73,659 | L57,622 | 200,000 | 1L,t75 | 2,562,456 |
| StatementofFinancialActivities(SOFA) | StatementofFinancialActivities(SOFA) | for theyear ended31August2023 | for theyear ended31August2023 | for theyear ended31August2023 | for theyear ended31August2023 | |||
|---|---|---|---|---|---|---|---|---|
| Notesto | CircuitModelDesignated | |||||||
| the | GeneralFund | Trust | Funds | Restdcted Endowment |
Total | |||
| accounts | (Unrestrkted) | (Unrestricted)(unrestricted)Funds | Funds | 2022-21 | ||||
| €f[f | f | f | ||||||
| lncome | ||||||||
| 1Donations andlegaaies | 20,o00 | 20,000 | ||||||
| 2lncomefrom monetaryinvestments | 6 | 16,083 | 1s,800 | 56 | 31,939 | |||
| 3Othertrading activities | 5 | 9,818 | 9,818 | |||||
| 4Assessments on Churches | 197,307 | 197,3O7 | ||||||
| 5Capital Receipt | 8 | 0 | 539,521 | 539,52X | ||||
| 6Grants received | 0 | |||||||
| 7Otherincome | 7 | 4,908 | 4,908 | |||||
| 8Totalincome | 228,Lt6 | 5s5321 | o | 20,055 | 0 | 803,493 | ||
| Expenditure | ||||||||
| 9Grants anddonations | 6,533 | 1,OOO | 7,55? | |||||
| 10Stipends and related costs | 11 | L74,150 | L74,t50 | |||||
| 11 Property maintenance | 43,476 | 20,628 | 2,687 | 66,391 | ||||
| 12 District LeW | 167,809 | $7,8A9 | ||||||
| 13District Assessment | 4$920 | 26,711 | 76,6?r | |||||
| 14lnsurance& Utilities | 15,]9? | L5,797 | ||||||
| 15Telephone & Travel | 13,625 | 13,625 | ||||||
| l6AgentsCommission onLets | t,307 | t,?o7 | ||||||
| 17AdminCharges | L,246 | r347 | 4 | 2,597 | ||||
| 18Ministrycosts | 3,209 | 665 | 3,934 | |||||
| t9Rounding 20Total charhable expenditure 21Gains/(losses) onmonetaryinvestments |
{x) ,302,?89 |
223,0?8 (362) |
0,. |
., 4,357 (s47) L |
_,."O |
s29,774 (eoe) 0 |
||
| 22Gains/(losses) on investmentproperties | 0 | |||||||
| 23Net income/{expenditure) | 174,273, | 33L931 | o | 15,152 | 0 | 272,8L0 | ||
| 24Transfers betweenfunds | 505,941 | {s07.e41) | 2,000 | 0 | ||||
| 25 Other gains/(tosses) | 0 | |||||||
| 26Net movementinfunds | 431,668 | (175,010) |
L7,L52 | 272,BLO | ||||
| 27Total funds brought forward | L,757,938 | 472,814 | 200,000 | L5,322 | 2,446,074 | |||
| 28Total funds carriedforward | 2,189,606 | 295,804 | 200,@0 | ?2414 | 0 | 2,718,884 |
| Balance S | heetasat | 31August | 2024 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Fund | CircuitModel | Designated | Restrlcled | Funds | Endowment | Totals | 2024 | Totals | 2023 | |||||
| (Unrestricted) | Trusts | Funds | Funds | |||||||||||
| Notesto the | (Unrestrictedl | (Unrestrictedl | ||||||||||||
| Accounts | f" | I | f | f | E | t | I | |||||||
| FixedAssets | ||||||||||||||
| Circuit Manses&Equipment | 72 | 1,93L,734 | 7,931,734 | 1,931,734 | ||||||||||
| lnvestment properties | 0 | |||||||||||||
| lnvestments | 13 | 8,803 | 8,803 | 8,77L | ||||||||||
| Totolftxeddssets | 1,93L,734 | 8,803 | 0 | 0 | 0 | 1,940,5t7 | 1,939,90s | |||||||
| CurrentAssets | ||||||||||||||
| Debtors and Prepayments | 74 | 17,877 | t7,877 | 78,379 | ||||||||||
| Loans bythe Circuit | L7 | 0 | 0 | |||||||||||
| lnvestmentswithTMCP | 18 | z?3,329 | 148,819 | 200,000 | 15,327 | 587,475 | 721,773 | |||||||
| Central Finance Board Deposits | 37,154 | 15,848 | 53,003 | 67,797 | ||||||||||
| CashatBankand in hand | 14/78 | 11,383 | 11,383 | 73,743 | ||||||||||
| Totdlcuilentossets | 289,744 | 148,819 | 200,000 | 31,175 | 0 | 569,738 | 826,436 | |||||||
| Current liabilities | ||||||||||||||
| Creditors (due inunder1 | year) | 47,819 | 47,819 | 47,45? | ||||||||||
| Grants payablewithin2022-23 | ol | |||||||||||||
| Total | current liabilities | 47,819 | 0 | 0 | 0 | 47,I,:gl | 47,457 | |||||||
| Netcurre | ntossetslidbilities | 24,,925 | 148,E19 | 200,000 | 31,175 | 0 | 621,9L5 | 778,979 | ||||||
| Totolassetsless | current liobilities | 157,521 | 0 | 2,7L8,884 | ||||||||||
| Longterm liabilities | ||||||||||||||
| (dueaftermorethanonevear) | ||||||||||||||
| Grants payableaftet?Q?3-74 | 0 | |||||||||||||
| Loanstothe Circuit | 0 | |||||||||||||
| fi/ef assets | 2,773,559 | 157,627 | 200,000 | ?1,r75 | 0 | 2,562,456 | 2,718,884 | |||||||
| Fundsofthecircuit | ||||||||||||||
| General Fund (Unrestricted) | 2,173,659 | 2,r73,659 | 2,189,606 | |||||||||||
| Circuit Model Trust Fund | (Unrestricted) | 157,621 | 757,62! | 296,804 | ||||||||||
| Designated Funds {Unrestricted) | 200,000 | 200,000 | 200,000 | |||||||||||
| Total | UnrestictedFunds | 2,531,280 | 2,6W,410 | |||||||||||
| RestrictedFunds | 31,175 | I | 3)",t75 | 32,474 | ||||||||||
| EndowmentFunds | ol | 0 | ||||||||||||
| TotolFunds | 2,L73,65s1Ls7,6zLl2oo,oo0 | 31,r75 | ol | 2,562,4s6 |
2,718,884 |
| 1.Basisofaccounting | |
|---|---|
| Thefinancialstatements have been prepared in accordancewithaccountingand Reporting by Chorities: Stotement of Recommended | |
| Proctice (50RP) applicable to charities preparingtheiraccounts in accordancewith theFinancial Reporting Standard applicableinthe | |
| UKand RepublicofIreland(FRS102)effectivefrom1Jan2015)(SORPFR5102). | |
| 2.Funds | |
| Thefundsheldconstitute:General Funds heldforany purpose oftheCircuitwhichare Unrestricted. The Circuit Model Trust Fundhas | |
| wide purposesdefinedinStanding Orders andiscategorisedasunrestricted.Restricted fundswhichare heldforanarrower purpose. | |
| There are noendowmentfunds under thestrict definitionof thistermas accesstothecapital of saidfunds(G.Dyer and Seymour | |
| bequests) remains under certain conditionsas setoutby TMCP.Detailsofeach materialfundare disclosedinthefinalnote to these | |
| accounts. Anyfundsmay be represented by more thanjustcash. | |
| 3.Accounting policies | |
| Basis | |
| Theseaccounts have been prepared on thebasisofhistorical cost exceptthatinvestments are shown attheirmarket valueattheend | |
| of theyear,on the accrualsbasistoshowatrueand fair view oftheCircuit'sfinancial positionand activities. | |
| lncome Recognition | |
| lncomeisincludedintheStatement of Financial Activities(SOFA)whentheCircuit becomesentitledtotheresources, and thetrustees | |
| are reasonablY certain theywitlreceivetheresources;and themonetary va\uecanbe measuredwithsufficientreliabili. | |
| ResourcesExpended | |
| This isrecognised whenaIiabilityisincurred,oraconstructive obligationarises,thatresults in the payment being unavoidable. | |
| Liabilities are recognisedassoonasanout{lowof economicbenefitisconsidered more likelythan notunderthelegal or constructive | |
| obligation committingthe Circuittopayoutresources. | |
| Grants | |
| Grants madebytheCircuitfromits ownfundsare recognisedinfullatthe timeof agreement or whentheCircuit acceptsthat thereis. | |
| legaloroperationalobligationtomakethepayment. Whenthegrantisrecurrentovermorethanoneyearthebalancepayablein | |
| futureyearsistreatedasaprovision forfuture commitmentsintheBalanceSheet against theappropriate fund, theprovision being | |
| releasedinfutureyearsasinstalments are paid in accordancewiththe originally agreed terms. | |
| VAT | |
| Sincethe circuitisnot vAT registered, allinputvATischargedwiththe expensesto whichit refers. | |
| Tangiblefixedassetsforuse | bytheCircuit |
| Theseare capitalised if they can beusedformore than one year, and individually cost at least €1,000. | |
| Thefreehold propertyisshowninthe accounts at 2015 deemed costvalu€s.Nodepreciationisprovidedon the building becausethe | |
| trustees considerthe currentresidualfairvalue ofthemanse buildings (ontheassumptionthatit had reached the end of its useful | |
| economiclifebytheyear-end)tobenotlessthanitscurrentvalue.Anydepreciationwouldnotbematerial. Thepropertyhasbeen |
|
| reviewedfor impairment. | |
| lnvestmentProperties | |
| lnvestmentproperties - nopropertyiscurrentlydeemedto notbe heldfor thelongtermpurposesofthe charity. | |
| lnvestments | |
| lnvestmentsarevaluedinthebalancesheetatmarketvalueattheyearend. lnvestmentincomeisincludedintheaccountswhen |
|
| receivable andanygains orlosseson revaluation at the year end are shown in theSOFA. | |
| DebtorsandPrepayments | |
| Debtorsprimarilyrelateto thepayment oftheSeptember stipend in August. | |
| Creditors | |
| Creditors includebothsundry expenses and specificallythe1stquarterassessment received in August. | |
| Going Concern | These accounts have been prepared ontheGoing Concernbasis. |
| 4. Donations andlegacies | Unrestricted | Circuit Model TrustFund |
Circuit Model TrustFund |
Restricted | 2024 Total |
2023 Total |
|---|---|---|---|---|---|---|
| € | € | f | € | |||
| Donations | 0 | 0 | 0 | |||
| Legacies | 0 | 20,000 | ||||
| Total | 0 | 0 | 0 | 0 | 20,000 | |
| Unrestricted | Circu[t Model | Restricted | 2024 | 2023 | ||
| 5. Othertrading activities | Trust | Fund | Total | Total | ||
| f | f | € | € | |||
| Lettings (FromeManse) | 16,500 | 15,500 | 4,895 | |||
| Lettings(StreetMC) | 10,878 | 10,878 | 4,923 | |||
| Total | 27,378 | 0 | 0 | 27,378 | 9,818 | |
| 6.lnvestmentincome | Unrestricted | Circuit Trust |
Model Fund |
Restricted | 2024 Total |
2023 Total |
| € | € | f | i. | |||
| CentralFinance Board | 26,603 | 11,985 | t1. | 38,659 | 31,939 | |
| Total | 25,503 | 11,985 | 71 | 38,5s9 | 31,939 | |
| 7.Otherlncome | ||||||
| Otherlncome | 860 | 0 | 860 | 4,908 |
| 9. Payment to Trustees | This | Last | ||
|---|---|---|---|---|
| Payments madeto trusteesorrelatedfamilymembersfor | ||||
| additionalservicesprovided totheCircuitbyagreement | ||||
| withthe Circuit Meeting | f | |||
| Number of trustees who were paidexpenses | 18 | l4 | ||
| Natureoftheexpenses | ||||
| Expensepayments primarily relatetoreimbursement for travel. stationery,postage | and computingcosts | |||
| Total amountpaid | f | ---r,,. | t2,474 | |
| 10.Feesfor examinationorauditoftheaccounts | ||||
| lndependent examiner's orauditors'fees forreportingon | ||||
| theaccounts | f | 700 | 525 | |
| Other fees(eg:advice, accountancyservices)paid to the | ||||
| independent examiner orauditor | € | 0 | 0 |
| 11. Paidemployees | |||
|---|---|---|---|
| Stipends andrelatedcostspaidduringthe year were: | |||
| Gross wages, salaries,stipendsand benefits in kind | f. | 774,460 | 136,143 |
| Employer's National lnsurancecosts | f | 15,018 | t0,674 |
| Pension costs | € | 34,40t | 24,682 |
| Supernummeries andPreachingfees | € | L,490 | 1,450 |
| AdminChargesand ApprenticeLevy | f | 536 | 1,201 |
| Total staffcosts | f | 225,905 | t14,fio |
| Averagenumber ofstaffemployedduring | |||
| the yearwere: | 8 | 6 |
| Costor valuation | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Otherfixed | |||||||||||
| asSets | Payments on | ||||||||||
| including | Fixtures, | account and | |||||||||
| Residential | Other | motor | fittingsand | assetsunder | |||||||
| Land | Other[and | Manses | buildings | vehicles | equipment | construction | Total | ||||
| € | t | f | f | f | f | e | E | ||||
| Balancebroughtforward | 1,93t,734 | 0 | 1,937,734 | ||||||||
| Additions | 0 | ||||||||||
| Revaluations (+/-) | 0 | ||||||||||
| Disposals(-) | 0 | ||||||||||
| Transfers (+/-) | 0 | ||||||||||
| Balancecarriedforward | 0 | 0 | 1.,931,734 | 0 | 0 | 0 | 0 | 1,931.,134 | |||
| Accumulated | Basis | SLorRB | SLorRB | SLorRB | SLorRB | ||||||
| Depreciation | Rate | ||||||||||
| Balancebroughtforward | 0 | ||||||||||
| Depreciation chargeforyear(-) | 0 | ||||||||||
| Revaluations (+/-) | 0 | ||||||||||
| Disposals(-) | 0 | ||||||||||
| Transfers (+/-) | 0 | ||||||||||
| Balancecarriedforward | 0 | n | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Net book value | |||||||||||
| Broughtforward | 7,93t,734 | 1,931,734 | |||||||||
| Carriedforward | 1,937,734 | 7,93I,734 |
| Ana of investmentmovements |
This | Last | |||||
|---|---|---|---|---|---|---|---|
| lnvestments listed ona recognised Stock Exchange | |||||||
| lnvestments held in common investment funds, | |||||||
| Securitiesnotlisted ona recognised Stock Exchange | 8,803 | 8,17t | |||||
| Other investments | |||||||
| Total | 8,803 | 8,111 | |||||
| Cha ininvestmentvalues |
|||||||
| Carrying(market) value at beginning of year | 8,171 | 8,533 | |||||
| Add: additionstoinvestments atcost | |||||||
| Less:disposalsat carrying value | |||||||
| Netgain/(loss) on revaluation | 632 | -362 | |||||
| Carrying(market) value at end of year | 8,803 | 8,17L | |||||
| 14.Analysisof currentassets | Thisyear | Lastyear | |||||
| Debtors and prepayments | € | € | |||||
| Pre paidStipends | 13,253 | 13,546 | |||||
| Otherprepayments | 461.4 | 2,366 | |||||
| Other debtors | 0 | 2467 | |||||
| Total debtors and prepayments | 17,877 | 18,379 | |||||
| Analysis ofcashat bank | |||||||
| Bankbalance held in Co-operativeBank plc | 1 | 1,383 | t3,743 | ||||
| TotalCashandBank | 11,383 | L3,743 | |||||
| 15.Analysis ofcurrent liabilitiesand longterm creditors | |||||||
| Creditors | 1-,809 | 4,732 | |||||
| AssessmentsinAdvance | f | 45,010 | 42,725 | ||||
| Total Current Liabilities | f | 47,819 | 47,457 |
| UnrestrictedFund Name | Opening | Income | Expenditure | Transfers | Gainson | Closing | Purposeof the fund |
|---|---|---|---|---|---|---|---|
| Balance | revaluation | Balance | |||||
| General | 1.,966,277 | 224,759 | 376,481 | 135.77s | 300 | 1",950,530 | |
| Trust14855LongTerm | 1.54,41.4 | 18,738 | 18,738 | L54,414 | Amalgamated previous | ||
| DevelopmentReserve | PropertyModelTrust Bequests | ||||||
| Trust6874UnrestrictedBequests | 68,915 | 3,644 | 3,644 | 68,91s | Amalgamated previousModel | ||
| Reserve | TrustBequests | ||||||
| Designated-Trust14855 Long | 200,000 | 0 | 0 | 200,000 | Designated fundsforcapital | ||
| TermDevelopmentReserve | investment | ||||||
| Designated-CircuitModel Trust | 296,804 | 11,985 | 16,o24 | (13s,775) | 632 | 757,62t | |
| Fund | |||||||
| T | 2,686,410 | 259,L26 | 414,888 | 0 | 932 | 2,s31,580 | |
| RestrictedFunds | |||||||
| RestrictedFund Name | Opening | lncome | Expenditure | Transfers | Closing | Purposeof the fund | |
| Balance | Balance | ||||||
| Trust13535-Training& DevelopmentFund |
1.838 | 71 | /5r | 1,158 | TrainingofCircuitStaff | ||
| lnternalOrganisation | |||||||
| Trust10117 GeorgeJDyer | 6,426 | 497 | 6,923 | SupportofCircuitActivities | |||
| Trust3666 Seymour Bequest | 6,897 | 349 | 7,246 | SupportofYouthwork | |||
| Ruth Tucker Bequest | t7,313 | 1,46s | 15,848 | Upkeep ofWedmore | |||
| graveyard,untilsold | |||||||
| 32,474 | 7t | 2,21,6 | 0 | 6+D | 31,175 | ||
| EndowmentName | Howthecapital | isinvested | Thecurrent | value ofthe | Annual | income | Whattheincome wasused |
| ca | for | ||||||
| Totals | 0 | 0 |
| SignatureofTreasurer | Date | rlalas | |
|---|---|---|---|
| Name | |||
| RevAndrewProuton behalf of Circuit Stewards | |||
| Address | |||
| 16Acacia Drive, Frome, BA11 | 2TS | ||
| PresentationtotheCircuit | Meetingforapproval. | ||
| Iconfirm thattheAccounts will | be presented to the Circuit Meeting on | 8thJuly2025 | |
| Signatureofthe Chairofthe meeling |
.-L)l{Q,r | Date | 01stJune2025 |
| Nameofthe Chairofthe | |||
| meeting | Rev TinaSwire |
| (2 | ) towhich |
,in my opinion, attentio | n should be drawn in order toenableaproperunders | tanding of the | accountstobe reached. |
|---|---|---|---|---|---|
| Name | MrChristopher Gould | ||||
| Signature | h7l\^6.il | Date | ql6lu:x | ||
| Relevant | Professional | qualificationor body | |||
| Chartered lnstitute of Management Accountants | |||||
| Address | 15 BaglynAvenue,Kingswood, Bristol, BS15 4XS |
| fortheyea | rended31Augu | sl2024 | |
|---|---|---|---|
| Somerset MendipMethodist | Gircuit | circuitno | *a7fi6 |
| Registered Charity-Registration number | 1134237 | ||
| Ministers | RevTina Swire-Superintendent | ||
| Rev MegSlingo | |||
| RevCollinMoore | |||
| RevAndrew Prout | |||
| CircuitStewards | JudithCole | ||
| Angela Wittleton(UntilEndNov2023) | |||
| Barry Speddings | |||
| JacquiCobb | |||
| MalcolmGale | |||
| LoisEmm | |||
| LayEmployees-Deborah Towner, DavidKnight(Until | |||
| April24),Bethan Foister, Leanne Hibberd and | Ann-Marie | ||
| Walker (From July20241 | |||
| Circuit Treasurer | CircuitStewards |
| NameofCircuit SOMERSET |
NameofCircuit SOMERSET |
MENDIPCIRCUIT | MENDIPCIRCUIT | MENDIPCIRCUIT | MENDIPCIRCUIT | circuitNo | OTlt6 | |
|---|---|---|---|---|---|---|---|---|
| StatementofFinancialActivities(SOFA) | for theyear ended31August 2024 | |||||||
| Notesto | CircuitModelDesignated | |||||||
| the | GeneralFund | Trust | Funds | Resfiicted | Endowment | Total | ||
| accounts | (Unresuicted) | (Unrestricted)(unrestrictedlFunds | Funds | 2023-24 | ||||
| f.ffE | f | f | ||||||
| lncome | ||||||||
| 1Donations andlegacies | 4 | 0 | 0 | |||||
| 2Incomefrom monetaryinvestments | 6 | 25,603 | 11,985 | 77 | 38,559 | |||
| 3Othertrading activities | 5 | 27,378 | 27,378 | |||||
| 4Assessments on Churches | 192,300 | 192,300 | ||||||
| 5Capital Receipt | 0 | 0 | 0 | |||||
| 6Grants received | 0 | |||||||
| 7Other income | 7 | 860 | 850 | |||||
| 8Total income | 247,L{L | 11,985 | 0 | 7L | 0 | 259,197 | ||
| Expenditure | ||||||||
| 9Grants and donations | 420 | 0 | 424 | |||||
| 10Stipends and related costs | 77 | 22s,9A5 | 225,905 | |||||
| Ll. Property maintenance | 65,6?2 | 1,248 | L,465 | 58,335 | ||||
| 12DistrictLevy | 13,510 | 13,510 | ||||||
| 13 District Assessment | 54,528 | 54,528 | ||||||
| 14 lnsurance& Utilities | 18A5O | 18,450 | ||||||
| 15Telephone & Travel | L6,466 | 16,466 | ||||||
| 16 PlanningApplicationSandford | 7,7A8 | 1,708 | ||||||
| 17AdminCharges | 1,253 | 5 | 2,L04 | |||||
| 18MinistryCosts | 8,932 | 746 | 9,677 | |||||
| 19Rounding | 0 | |||||||
| 20Total charitable expenditure | 398,853 | L6.024 | 0 | 7,2L6 | 0 | 4L7, | ||
| 21Gains/(losses) onmonetaryinvestments | 632 | 845 | t,478 | |||||
| 22 Gains/(losses) oninvestment properties | 0 | |||||||
| 23Net income/(expenditure) | lLsL,722't | 13,4O7l | 0 | (1,299) | 0 | (1s5,428) | ||
| 24Transfers between funds | {L3S,77sl | 0 | ||||||
| 25Other gains/{losses} | 0 | |||||||
| 26Net movement in funds 27lotalfunds brought forward |
2,189,606 (15.9471 |
296F04 (139.1821 |
200,000 0 |
32,474 | 0 | 2,778,884 {155.428} |
||
| 28Total funds carriedforward | 2,t73,659 | L57,622 | 200,000 | 1L,t75 | 2,562,456 |
| StatementofFinancialActivities(SOFA) | StatementofFinancialActivities(SOFA) | for theyear ended31August2023 | for theyear ended31August2023 | for theyear ended31August2023 | for theyear ended31August2023 | |||
|---|---|---|---|---|---|---|---|---|
| Notesto | CircuitModelDesignated | |||||||
| the | GeneralFund | Trust | Funds | Restdcted Endowment |
Total | |||
| accounts | (Unrestrkted) | (Unrestricted)(unrestricted)Funds | Funds | 2022-21 | ||||
| €f[f | f | f | ||||||
| lncome | ||||||||
| 1Donations andlegaaies | 20,o00 | 20,000 | ||||||
| 2lncomefrom monetaryinvestments | 6 | 16,083 | 1s,800 | 56 | 31,939 | |||
| 3Othertrading activities | 5 | 9,818 | 9,818 | |||||
| 4Assessments on Churches | 197,307 | 197,3O7 | ||||||
| 5Capital Receipt | 8 | 0 | 539,521 | 539,52X | ||||
| 6Grants received | 0 | |||||||
| 7Otherincome | 7 | 4,908 | 4,908 | |||||
| 8Totalincome | 228,Lt6 | 5s5321 | o | 20,055 | 0 | 803,493 | ||
| Expenditure | ||||||||
| 9Grants anddonations | 6,533 | 1,OOO | 7,55? | |||||
| 10Stipends and related costs | 11 | L74,150 | L74,t50 | |||||
| 11 Property maintenance | 43,476 | 20,628 | 2,687 | 66,391 | ||||
| 12 District LeW | 167,809 | $7,8A9 | ||||||
| 13District Assessment | 4$920 | 26,711 | 76,6?r | |||||
| 14lnsurance& Utilities | 15,]9? | L5,797 | ||||||
| 15Telephone & Travel | 13,625 | 13,625 | ||||||
| l6AgentsCommission onLets | t,307 | t,?o7 | ||||||
| 17AdminCharges | L,246 | r347 | 4 | 2,597 | ||||
| 18Ministrycosts | 3,209 | 665 | 3,934 | |||||
| t9Rounding 20Total charhable expenditure 21Gains/(losses) onmonetaryinvestments |
{x) ,302,?89 |
223,0?8 (362) |
0,. |
., 4,357 (s47) L |
_,."O |
s29,774 (eoe) 0 |
||
| 22Gains/(losses) on investmentproperties | 0 | |||||||
| 23Net income/{expenditure) | 174,273, | 33L931 | o | 15,152 | 0 | 272,8L0 | ||
| 24Transfers betweenfunds | 505,941 | {s07.e41) | 2,000 | 0 | ||||
| 25 Other gains/(tosses) | 0 | |||||||
| 26Net movementinfunds | 431,668 | (175,010) |
L7,L52 | 272,BLO | ||||
| 27Total funds brought forward | L,757,938 | 472,814 | 200,000 | L5,322 | 2,446,074 | |||
| 28Total funds carriedforward | 2,189,606 | 295,804 | 200,@0 | ?2414 | 0 | 2,718,884 |
| Balance S | heetasat | 31August | 2024 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Fund | CircuitModel | Designated | Restrlcled | Funds | Endowment | Totals | 2024 | Totals | 2023 | |||||
| (Unrestricted) | Trusts | Funds | Funds | |||||||||||
| Notesto the | (Unrestrictedl | (Unrestrictedl | ||||||||||||
| Accounts | f" | I | f | f | E | t | I | |||||||
| FixedAssets | ||||||||||||||
| Circuit Manses&Equipment | 72 | 1,93L,734 | 7,931,734 | 1,931,734 | ||||||||||
| lnvestment properties | 0 | |||||||||||||
| lnvestments | 13 | 8,803 | 8,803 | 8,77L | ||||||||||
| Totolftxeddssets | 1,93L,734 | 8,803 | 0 | 0 | 0 | 1,940,5t7 | 1,939,90s | |||||||
| CurrentAssets | ||||||||||||||
| Debtors and Prepayments | 74 | 17,877 | t7,877 | 78,379 | ||||||||||
| Loans bythe Circuit | L7 | 0 | 0 | |||||||||||
| lnvestmentswithTMCP | 18 | z?3,329 | 148,819 | 200,000 | 15,327 | 587,475 | 721,773 | |||||||
| Central Finance Board Deposits | 37,154 | 15,848 | 53,003 | 67,797 | ||||||||||
| CashatBankand in hand | 14/78 | 11,383 | 11,383 | 73,743 | ||||||||||
| Totdlcuilentossets | 289,744 | 148,819 | 200,000 | 31,175 | 0 | 569,738 | 826,436 | |||||||
| Current liabilities | ||||||||||||||
| Creditors (due inunder1 | year) | 47,819 | 47,819 | 47,45? | ||||||||||
| Grants payablewithin2022-23 | ol | |||||||||||||
| Total | current liabilities | 47,819 | 0 | 0 | 0 | 47,I,:gl | 47,457 | |||||||
| Netcurre | ntossetslidbilities | 24,,925 | 148,E19 | 200,000 | 31,175 | 0 | 621,9L5 | 778,979 | ||||||
| Totolassetsless | current liobilities | 157,521 | 0 | 2,7L8,884 | ||||||||||
| Longterm liabilities | ||||||||||||||
| (dueaftermorethanonevear) | ||||||||||||||
| Grants payableaftet?Q?3-74 | 0 | |||||||||||||
| Loanstothe Circuit | 0 | |||||||||||||
| fi/ef assets | 2,773,559 | 157,627 | 200,000 | ?1,r75 | 0 | 2,562,456 | 2,718,884 | |||||||
| Fundsofthecircuit | ||||||||||||||
| General Fund (Unrestricted) | 2,173,659 | 2,r73,659 | 2,189,606 | |||||||||||
| Circuit Model Trust Fund | (Unrestricted) | 157,621 | 757,62! | 296,804 | ||||||||||
| Designated Funds {Unrestricted) | 200,000 | 200,000 | 200,000 | |||||||||||
| Total | UnrestictedFunds | 2,531,280 | 2,6W,410 | |||||||||||
| RestrictedFunds | 31,175 | I | 3)",t75 | 32,474 | ||||||||||
| EndowmentFunds | ol | 0 | ||||||||||||
| TotolFunds | 2,L73,65s1Ls7,6zLl2oo,oo0 | 31,r75 | ol | 2,562,4s6 |
2,718,884 |
| 1.Basisofaccounting | |
|---|---|
| Thefinancialstatements have been prepared in accordancewithaccountingand Reporting by Chorities: Stotement of Recommended | |
| Proctice (50RP) applicable to charities preparingtheiraccounts in accordancewith theFinancial Reporting Standard applicableinthe | |
| UKand RepublicofIreland(FRS102)effectivefrom1Jan2015)(SORPFR5102). | |
| 2.Funds | |
| Thefundsheldconstitute:General Funds heldforany purpose oftheCircuitwhichare Unrestricted. The Circuit Model Trust Fundhas | |
| wide purposesdefinedinStanding Orders andiscategorisedasunrestricted.Restricted fundswhichare heldforanarrower purpose. | |
| There are noendowmentfunds under thestrict definitionof thistermas accesstothecapital of saidfunds(G.Dyer and Seymour | |
| bequests) remains under certain conditionsas setoutby TMCP.Detailsofeach materialfundare disclosedinthefinalnote to these | |
| accounts. Anyfundsmay be represented by more thanjustcash. | |
| 3.Accounting policies | |
| Basis | |
| Theseaccounts have been prepared on thebasisofhistorical cost exceptthatinvestments are shown attheirmarket valueattheend | |
| of theyear,on the accrualsbasistoshowatrueand fair view oftheCircuit'sfinancial positionand activities. | |
| lncome Recognition | |
| lncomeisincludedintheStatement of Financial Activities(SOFA)whentheCircuit becomesentitledtotheresources, and thetrustees | |
| are reasonablY certain theywitlreceivetheresources;and themonetary va\uecanbe measuredwithsufficientreliabili. | |
| ResourcesExpended | |
| This isrecognised whenaIiabilityisincurred,oraconstructive obligationarises,thatresults in the payment being unavoidable. | |
| Liabilities are recognisedassoonasanout{lowof economicbenefitisconsidered more likelythan notunderthelegal or constructive | |
| obligation committingthe Circuittopayoutresources. | |
| Grants | |
| Grants madebytheCircuitfromits ownfundsare recognisedinfullatthe timeof agreement or whentheCircuit acceptsthat thereis. | |
| legaloroperationalobligationtomakethepayment. Whenthegrantisrecurrentovermorethanoneyearthebalancepayablein | |
| futureyearsistreatedasaprovision forfuture commitmentsintheBalanceSheet against theappropriate fund, theprovision being | |
| releasedinfutureyearsasinstalments are paid in accordancewiththe originally agreed terms. | |
| VAT | |
| Sincethe circuitisnot vAT registered, allinputvATischargedwiththe expensesto whichit refers. | |
| Tangiblefixedassetsforuse | bytheCircuit |
| Theseare capitalised if they can beusedformore than one year, and individually cost at least €1,000. | |
| Thefreehold propertyisshowninthe accounts at 2015 deemed costvalu€s.Nodepreciationisprovidedon the building becausethe | |
| trustees considerthe currentresidualfairvalue ofthemanse buildings (ontheassumptionthatit had reached the end of its useful | |
| economiclifebytheyear-end)tobenotlessthanitscurrentvalue.Anydepreciationwouldnotbematerial. Thepropertyhasbeen |
|
| reviewedfor impairment. | |
| lnvestmentProperties | |
| lnvestmentproperties - nopropertyiscurrentlydeemedto notbe heldfor thelongtermpurposesofthe charity. | |
| lnvestments | |
| lnvestmentsarevaluedinthebalancesheetatmarketvalueattheyearend. lnvestmentincomeisincludedintheaccountswhen |
|
| receivable andanygains orlosseson revaluation at the year end are shown in theSOFA. | |
| DebtorsandPrepayments | |
| Debtorsprimarilyrelateto thepayment oftheSeptember stipend in August. | |
| Creditors | |
| Creditors includebothsundry expenses and specificallythe1stquarterassessment received in August. | |
| Going Concern | These accounts have been prepared ontheGoing Concernbasis. |
| 4. Donations andlegacies | Unrestricted | Circuit Model TrustFund |
Circuit Model TrustFund |
Restricted | 2024 Total |
2023 Total |
|---|---|---|---|---|---|---|
| € | € | f | € | |||
| Donations | 0 | 0 | 0 | |||
| Legacies | 0 | 20,000 | ||||
| Total | 0 | 0 | 0 | 0 | 20,000 | |
| Unrestricted | Circu[t Model | Restricted | 2024 | 2023 | ||
| 5. Othertrading activities | Trust | Fund | Total | Total | ||
| f | f | € | € | |||
| Lettings (FromeManse) | 16,500 | 15,500 | 4,895 | |||
| Lettings(StreetMC) | 10,878 | 10,878 | 4,923 | |||
| Total | 27,378 | 0 | 0 | 27,378 | 9,818 | |
| 6.lnvestmentincome | Unrestricted | Circuit Trust |
Model Fund |
Restricted | 2024 Total |
2023 Total |
| € | € | f | i. | |||
| CentralFinance Board | 26,603 | 11,985 | t1. | 38,659 | 31,939 | |
| Total | 25,503 | 11,985 | 71 | 38,5s9 | 31,939 | |
| 7.Otherlncome | ||||||
| Otherlncome | 860 | 0 | 860 | 4,908 |
| 9. Payment to Trustees | This | Last | ||
|---|---|---|---|---|
| Payments madeto trusteesorrelatedfamilymembersfor | ||||
| additionalservicesprovided totheCircuitbyagreement | ||||
| withthe Circuit Meeting | f | |||
| Number of trustees who were paidexpenses | 18 | l4 | ||
| Natureoftheexpenses | ||||
| Expensepayments primarily relatetoreimbursement for travel. stationery,postage | and computingcosts | |||
| Total amountpaid | f | ---r,,. | t2,474 | |
| 10.Feesfor examinationorauditoftheaccounts | ||||
| lndependent examiner's orauditors'fees forreportingon | ||||
| theaccounts | f | 700 | 525 | |
| Other fees(eg:advice, accountancyservices)paid to the | ||||
| independent examiner orauditor | € | 0 | 0 |
| 11. Paidemployees | |||
|---|---|---|---|
| Stipends andrelatedcostspaidduringthe year were: | |||
| Gross wages, salaries,stipendsand benefits in kind | f. | 774,460 | 136,143 |
| Employer's National lnsurancecosts | f | 15,018 | t0,674 |
| Pension costs | € | 34,40t | 24,682 |
| Supernummeries andPreachingfees | € | L,490 | 1,450 |
| AdminChargesand ApprenticeLevy | f | 536 | 1,201 |
| Total staffcosts | f | 225,905 | t14,fio |
| Averagenumber ofstaffemployedduring | |||
| the yearwere: | 8 | 6 |
| Costor valuation | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Otherfixed | |||||||||||
| asSets | Payments on | ||||||||||
| including | Fixtures, | account and | |||||||||
| Residential | Other | motor | fittingsand | assetsunder | |||||||
| Land | Other[and | Manses | buildings | vehicles | equipment | construction | Total | ||||
| € | t | f | f | f | f | e | E | ||||
| Balancebroughtforward | 1,93t,734 | 0 | 1,937,734 | ||||||||
| Additions | 0 | ||||||||||
| Revaluations (+/-) | 0 | ||||||||||
| Disposals(-) | 0 | ||||||||||
| Transfers (+/-) | 0 | ||||||||||
| Balancecarriedforward | 0 | 0 | 1.,931,734 | 0 | 0 | 0 | 0 | 1,931.,134 | |||
| Accumulated | Basis | SLorRB | SLorRB | SLorRB | SLorRB | ||||||
| Depreciation | Rate | ||||||||||
| Balancebroughtforward | 0 | ||||||||||
| Depreciation chargeforyear(-) | 0 | ||||||||||
| Revaluations (+/-) | 0 | ||||||||||
| Disposals(-) | 0 | ||||||||||
| Transfers (+/-) | 0 | ||||||||||
| Balancecarriedforward | 0 | n | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Net book value | |||||||||||
| Broughtforward | 7,93t,734 | 1,931,734 | |||||||||
| Carriedforward | 1,937,734 | 7,93I,734 |
| Ana of investmentmovements |
This | Last | |||||
|---|---|---|---|---|---|---|---|
| lnvestments listed ona recognised Stock Exchange | |||||||
| lnvestments held in common investment funds, | |||||||
| Securitiesnotlisted ona recognised Stock Exchange | 8,803 | 8,17t | |||||
| Other investments | |||||||
| Total | 8,803 | 8,111 | |||||
| Cha ininvestmentvalues |
|||||||
| Carrying(market) value at beginning of year | 8,171 | 8,533 | |||||
| Add: additionstoinvestments atcost | |||||||
| Less:disposalsat carrying value | |||||||
| Netgain/(loss) on revaluation | 632 | -362 | |||||
| Carrying(market) value at end of year | 8,803 | 8,17L | |||||
| 14.Analysisof currentassets | Thisyear | Lastyear | |||||
| Debtors and prepayments | € | € | |||||
| Pre paidStipends | 13,253 | 13,546 | |||||
| Otherprepayments | 461.4 | 2,366 | |||||
| Other debtors | 0 | 2467 | |||||
| Total debtors and prepayments | 17,877 | 18,379 | |||||
| Analysis ofcashat bank | |||||||
| Bankbalance held in Co-operativeBank plc | 1 | 1,383 | t3,743 | ||||
| TotalCashandBank | 11,383 | L3,743 | |||||
| 15.Analysis ofcurrent liabilitiesand longterm creditors | |||||||
| Creditors | 1-,809 | 4,732 | |||||
| AssessmentsinAdvance | f | 45,010 | 42,725 | ||||
| Total Current Liabilities | f | 47,819 | 47,457 |
| UnrestrictedFund Name | Opening | Income | Expenditure | Transfers | Gainson | Closing | Purposeof the fund |
|---|---|---|---|---|---|---|---|
| Balance | revaluation | Balance | |||||
| General | 1.,966,277 | 224,759 | 376,481 | 135.77s | 300 | 1",950,530 | |
| Trust14855LongTerm | 1.54,41.4 | 18,738 | 18,738 | L54,414 | Amalgamated previous | ||
| DevelopmentReserve | PropertyModelTrust Bequests | ||||||
| Trust6874UnrestrictedBequests | 68,915 | 3,644 | 3,644 | 68,91s | Amalgamated previousModel | ||
| Reserve | TrustBequests | ||||||
| Designated-Trust14855 Long | 200,000 | 0 | 0 | 200,000 | Designated fundsforcapital | ||
| TermDevelopmentReserve | investment | ||||||
| Designated-CircuitModel Trust | 296,804 | 11,985 | 16,o24 | (13s,775) | 632 | 757,62t | |
| Fund | |||||||
| T | 2,686,410 | 259,L26 | 414,888 | 0 | 932 | 2,s31,580 | |
| RestrictedFunds | |||||||
| RestrictedFund Name | Opening | lncome | Expenditure | Transfers | Closing | Purposeof the fund | |
| Balance | Balance | ||||||
| Trust13535-Training& DevelopmentFund |
1.838 | 71 | /5r | 1,158 | TrainingofCircuitStaff | ||
| lnternalOrganisation | |||||||
| Trust10117 GeorgeJDyer | 6,426 | 497 | 6,923 | SupportofCircuitActivities | |||
| Trust3666 Seymour Bequest | 6,897 | 349 | 7,246 | SupportofYouthwork | |||
| Ruth Tucker Bequest | t7,313 | 1,46s | 15,848 | Upkeep ofWedmore | |||
| graveyard,untilsold | |||||||
| 32,474 | 7t | 2,21,6 | 0 | 6+D | 31,175 | ||
| EndowmentName | Howthecapital | isinvested | Thecurrent | value ofthe | Annual | income | Whattheincome wasused |
| ca | for | ||||||
| Totals | 0 | 0 |
| SignatureofTreasurer | Date | rlalas | |
|---|---|---|---|
| Name | |||
| RevAndrewProuton behalf of Circuit Stewards | |||
| Address | |||
| 16Acacia Drive, Frome, BA11 | 2TS | ||
| PresentationtotheCircuit | Meetingforapproval. | ||
| Iconfirm thattheAccounts will | be presented to the Circuit Meeting on | 8thJuly2025 | |
| Signatureofthe Chairofthe meeling |
.-L)l{Q,r | Date | 01stJune2025 |
| Nameofthe Chairofthe | |||
| meeting | Rev TinaSwire |
| (2 | ) towhich |
,in my opinion, attentio | n should be drawn in order toenableaproperunders | tanding of the | accountstobe reached. |
|---|---|---|---|---|---|
| Name | MrChristopher Gould | ||||
| Signature | h7l\^6.il | Date | ql6lu:x | ||
| Relevant | Professional | qualificationor body | |||
| Chartered lnstitute of Management Accountants | |||||
| Address | 15 BaglynAvenue,Kingswood, Bristol, BS15 4XS |