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← Salisbury Methodist Circuit

2023-08-31-accounts

The Salisbury Methodist Circuit (Registered Charity no 1134362)

Trustees’ Report And

Financial Statements

For the year ending 31 August 2023

SALISBURY METHODIST CIRCUIT TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Introduction

The Circuit, of 9 churches, (supporting 10 congregations) spans the land of the five rivers around the fine cathedral city of Salisbury . From the rugged beauty of Salisbury plain in the north, to the picturesque surroundings of the New Forest National Park in the south, we are blessed with the ever-present reminder of Gods power of creation.

The vision of the Salisbury Methodist Circuit is to know for ourselves and to share the Good News of God’s love in Jesus by encouraging and enabling the people and churches of the Circuit to serve their communities and the wider world.

We will do this by:-

Review of the year

In September 2022, after a period working with a reduced staffing level due to ill health, we needed to reenergise the circuit. We were therefore delighted to welcome Revd. Dr Mark Cheetham to the Circuit as Superintendent Minister and Chair of Trustees. We were further encouraged when a supernumerary minister who had retired into the circuit offered to serve the Circuit part time and took pastoral charge of our church at Amesbury. The experience they brought to the circuit has enabled us to start renewing our vision and seek fresh opportunities to be church and serve our communities.

After a break of 2 years, we were able to take a small group of young people to 3 Generate – the annual gathering for children and young people in the Methodist Church. This sparked enthusiasm amongst the young people with whom we work in some of our churches and we have a somewhat larger group planning to go to the autumn 2023 session.

World and national news encouraged us to think more about world issues and a Justice and Peace group has been formed with representatives from several churches. A related decision was to support prayer initiatives for Prisoners of Conscience alongside a programme run at Salisbury Cathedral. Some of our churches, realising that they had accumulated a surplus of hymnbooks, Bibles and other books sent them to churches in Africa and Sri Lanka.

Salisbury Methodist Church is working towards its Silver Award as an ECO Church. Encouraged by this, we have registered to become an ECO Circuit. We are seeking to engage other churches in the programme and have appointed a Circuit ECO Champion to drive this initiative.

Whilst looking outwards in this way we have also continued to care for our existing congregations, some of which are recognising that the burden of maintaining old buildings uses energy and resource that could be devoted to the mission of the church. During the summer of 2023 our congregation at Fordingbridge took the brave decision to leave their premises and to worship with the local URC congregation whilst they assess longer term options. Similarly, our congregation at Winterslow has decided that they can no longer meet the demands of their building and are seeking a new venue for worship. In due course we hope to sell these properties and release finance to

support growth in the circuit. These decisions have led us to invite a researcher, who is working in the Southampton District, to work with us to help us understand where opportunities for new work exist and how to develop them.

Whilst this work continues, we have been pleased to note new work in the village of Quidhampton. Close to Salisbury, which has no church in the village. One of our supernumerary ministers who lives there has been working with the local Rector to convene a weekly prayer session in the village hall and more recently to hold a monthly service of Holy Communion there. The Circuit has welcomed and will support this new faith community and help it develop.

The new work at Quidhampton is ecumenical and we firmly believe that this is key to maintaining a Christian witness in areas where facilities and opportunities for worship are scarce. We continue to value and support our congregations at Pitton, Sandleheath and Woodfalls where worship and all other church activities are planned ecumenically with the local Anglican church.

As we end this year in our church life we are looking forward to churches in Shaftesbury, Tisbury and Motcombe joining us in the summer of 2024 as the boundaries of local circuits are redrawn to reflect changing patterns of church and community life.

Financial Review

Circuit income is primarily drawn from the assessment paid by the circuit churches. In view of the Covid lockdown from early 2020 and the financial impact this had on our church finances we reduced the sums requested form them and agreed to draw from reserves to make up the shortfall. The basis for calculating assessments will return to the pre-lockdown formula from September 2023.

Our budget allowed for the receipt of rental income from 1 manse which currently is not needed to house presbyters. During the year a second manse fell into this category and was let to tenants from April 2023

Stipends rise each financial year in line with conference approved increases. Our lay employees are paid not less than the ‘living wage’ and at a rate that is at least comparable with other salaries in the area for work of a similar nature.

In the 2022/2023 accounts :

77% of our income was provided by the local churches.

51% of expenditure was on pay and related costs

19% of expenditure was our contribution to the District, of which part is used to fund the work of the wider Methodist Church

16% of expenditure was on property.

Fund balances

As at 31 August 2023 the net current assets of the Circuit’s general and designated fund were £68k, giving approximately 3.5 months cover for expenditure. This is in line with our reserves policy.

Plans for 2022/2023

Circuit financial plans for the coming year have been prepared on the basis that there will be 2.9 full time ordained staff, with anticipated cost of living stipend increases, supported by a part time (0.25%) Lay Pastoral Assistant.

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31 August 2023 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS)102

Full Name of Charity: Salisbury Methodist Circuit

Registration Charity Number: 1134362 Date of registration: 17 February 2010

Main communication address: Salisbury Methodist Church, 26, St Edmunds Church Street, Salisbury, SP1 1EF

The members of the Salisbury Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches. Full membership is shown as Appendix A to this report.

Active Circuit Ministers Rev Mark Cheetham Rev Steve Hawkes Rev Anna Bishop Rev Rosemary Fletcher

Mr Ian Hardy Mr Robert Taylor Mr Nigel Thorne Mrs Jacqueline Weddell Mrs Fiona Sherman

Lay Employees: Mrs Sarah Taylor – Administrator Mrs Jacqueline Saunders – Lay Pastoral Assistant

Mr Ian Hardy acted as the principal officer overseeing the day-to-day financial management and accounting for the circuit during the year.

Independent examiner: Mrs Hilary Thorne MAAT 61 Lindford Road, Salisbury, SP1 3WX

Investment Bankers: Central Finance Board of the Methodist Church. Trustees for Methodist Church purposes Bankers: CAFBank Ltd Solicitors: Batt Broadbent Ltd

Salisbury Circuit Aims and organisation

Charity objective is to act as a Resource provider within the area around Salisbury 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:

Public Benefit:

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

Structure, Governance and Management

The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976) 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.

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.

Related Parties:

"The Circuit is part of the Southampton District and is also accountable to the Methodist Conference.

The following Methodist Churches are linked to the circuit: Amesbury, Bemerton, Bourne Valley, Fordingbridge, Salisbury, Sandleheath, Shrewton, Winterslow (incorporating Pitton), Woodfalls.

Risk Management

Major risks have been identified and recorded by the Leadership Team 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 congregations

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:

The Salisbury Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The Salisbury 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.

Reserves Policy

The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 3 months’ average expenditure plus a manse maintenance reserve of £20,000 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.

Tasks for the year 2023/2024

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Name of Circuit: Salisbury Circuit No: 26/12
Statement of Financial Activities (SOFA) for the year ended 31 August 2023
Notes to Circuit Model Designated
the General Fund Trust Funds Restricted Endowment Total
accounts (Unrestricted) (Unrestricted) (unrestricted) Funds Funds 2022-23
£ £ £ £ £ £
Income
1 Donations and legacies 622 622
2 Income from monetary investments 2,864 5,833 8,697
3 Income from investment properties 3 16,518 6,832 23,350
4 Assessments on Churches 4 130,581 130,581
5 Capital Receipts 0
6 Grants received 5 5,000 5,000
7 Other charitable income 11 85 1,495 1,580
8 Total income 155,048 5,833 8,949 - - 169,830
Expenditure
9 Grants and donations 6 2,125 28,000 30,125
10 Salaries and associated costs 7 140,723 140,723
11 Property maintenance 8 9,400 35,453 44,853
12 Connexional assessment & model trust levy 9 35,768 35,768
13 District Assessment & Levy 9 6,220 9,104 15,324
14 Depreciation 0
15 Office expenses 10 2,188 661 2,849
16 Other outgoings 11 2,135 2,941 5,076
17 Total charitable expenditure 198,559 37,765 38,394 0 0 274,718
18 Gains/(losses) on monetary investments 0
19 Gains/(losses) on investment properties
20 Net income/(expenditure) -43,511 -31,932 -29,445 0 0 -104,888
21 Transfers between funds - 10,000 - 12,000 22,000 0
22 Other gains/(losses)
23 Net movement in funds -53,511 -43,932 -7,445 0 0 -104,888
24 Total funds brought forward 102,282 232,071 27,096 361,449
25 Total funds carried forward 48,771 188,139 19,651 - - 256,561
----- End of picture text -----

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Name of Circuit: Salisbury Circuit No : 26/12
Balance Sheet as at 31 August 2023
General Fund Circuit Model Designated Restricted Endowment Totals Totals
(Unrestricted) Trusts Funds Funds Funds 2022/23 2021/22
Notes to the (Unrestricted) (Unrestricted)
Accounts £ £ £ £ £ £ £
Fixed Assets
Circuit Manses & Equipment BS1 1,458,203 1,458,203 1,718,729
Investment properties BS1 566,797 566,797 306,271
Investments 0
Total fixed assets 2,025,000 0 0 0 0 2,025,000 2,025,000
Current Assets
Debtors BS2 10,289 2,310 12,599 9,652
Loans by the Circuit BS3 0
Investments with TMCP 188,139 188,139 232,071
Central Finance Board Deposits BS3 44,329 15,500 59,829 128,779
Cash at Bank and in hand BS3 17,345 1,916 19,261 21,100
Total current assets 71,963 188,139 19,726 0 0 279,828 391,602
Current liabilities
Creditors (due in under 1 year) BS4 23,192 75 23,267 30,153
Grants payable within 2022-23 0
Total current liabilities 23,192 0 75 0 0 23,267 30,153
Net current assets/liabilities 48,771 188,139 19,651 0 0 256,561 361,449
Total assets less current liabilities 2,073,771 188,139 19,651 0 0 2,281,561 2,386,449
Long term liabilities
(due after more than one year)
Grants payable after 2022-23 0
Loans to the Circuit 0
0
Net assets 2,073,771 188,139 19,651 0 0 2,281,561 2,386,449
Funds of the Circuit
General Fund (Unrestricted) BS5 2,073,771 2,073,771 2,127,282
Circuit Model Trust Fund (Unrestricted) BS5 188,139 188,139 232,071
Designated Funds (Unrestricted) BS5 19,651 19,651 27,096
Total Unrestricted Funds 2,281,561 2,386,449
Restricted Funds 0 0
Endowment Funds 0 0
Total Funds 2,073,771 188,139 19,651 0 0 2,281,561 2,386,449
Signed
Circuit Treasurer
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The Salisbury Methodist Circuit

Notes to the accounts for the year ending 31 August 2023

1. Basis of accounting and accounting policies i

Accounting Standard

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) – (Charities SORP (FRS 102)).

ii Public benefit entity

The Salisbury Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless stated otherwise in the relevant accounting policy note(s) below.

iii Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts that show a true and fair view of the Circuit’s financial position and activities.

iv Content

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £Sterling rounded to the nearest pound,

v FRS102 SORP 2015

These accounts are compliant with FRS 102 and with the FRS 102 SORP 2015. The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and SI 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to SORP 2015 in accordance with Reg.8(4)(d) of SI 2008/629, the charity trustees have departed from the requirements of Reg.(8)(5) by following SORP (FRS102) instead of SORP 2005 to the extent necessary to give a true and fair view in the circumstances.

vi Going concern

Based on the monetary assets and human resources available at 31 August 2022, the trustees believe that the Circuit is a going concern.

vii Consolidation

The Circuit has denominational regulatory oversight in respect of the work of the Churches within the Circuit but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of Churches within the Circuit are not consolidated into these financial statements.

viii

Income recognition

Income is brought into the account when there is entitlement and amount is reliably measured once it is more likely than not that the economic benefit of the income will be forthcoming.

Individual amounts categorised as Other Income in the SOFA will be shown separately if they are considered material.

The Circuit acts as agent in two matters:

In all these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or Churches as appropriate. Instead the transactions are disclosed in the Notes to the Accounts as required by SORP(FRS102), module 19.12

In accordance with the Charities SORP (FRS 102) the time of volunteers is not recognised. Further information on this matter is provided in the Trustees’ Annual Report. If goods are donated, a value will be shown in the SOFA or Notes where the value is considered material.

ix

Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measurable and it is considered more likely than not that there will be an outflow of economic benefit.

x

Grants

Grants made by the Circuit from its own funds are recognised in full at the time of the agreement to make a grant without performance conditions or as and when the Circuit accepts that there is a legal or operational obligation to make the payment if it is subject to performance conditions. When the grant to be accrued is recurrent over more than one year the balance payable in future years, discounted to net present value where the difference is material, is treated as a provision for future commitments in the balance sheet against the appropriate fund, the provision being released in future years in accordance with the originally agreed terms. In cases where the grant has been charged to one fund but for ease of payment has been transferred to another fund any future payment provision is applied to the fund from which the grant will ultimately be paid.

xi VAT

Since the Circuit is not VAT registered all input VAT is charged with the expenses to which it refers.

xii Tangible fixed assets

These are capitalised if they can be used for more than one year, and individually cost at least £250.

The freehold and /or long leasehold residential property is shown in the accounts at deemed historical cost representing each property’s gross carrying value as at 1 September 2015, being that property’s insurance reinstatement value as assessed by the representative of Methodist Insurance plc in 2010 and subsequently adjusted up to and including 31 August 2015 or, if acquired after that date, at its insurance reinstatement value at the date of acquisition. No depreciation is provided because the trustees consider the current residual value of the property in its present condition to be not less than its historical cost and, in the absence of any evidence of impairment, any depreciation provision for the buildings component of the property would be immaterial.

From time to time the Circuit may be required to assume responsibility for Church premises following closure and cessation of worship. This results in the Circuit becoming Managing Trustees for the property. At that time the property is recognised as an asset at its anticipated net sale price as determined by a professional valuation and after taking into account the levy to be charged by the Connexion. Any expenditure on such assets, if held for reinvestment of the proceeds, as the trustees determine, that is likely to enhance sale value is capitalised at the time the expenditure is incurred. Where the proceeds are intended to be spent on activities, the property is included in current assets at the lower of cost and realisable value.

The Circuit has made use of the deemed cost option on transitioning to FRS 102, as outlined above.

xiii(a ) Monetary investments

The Circuit’s investments are in monetary assets classified as being financial instruments under FRS 102 and are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown in the SOFA and in Note 20 below.

xiii(b ) Investment Property

From time to time the Circuit may hold residential property (formerly manses) which is surplus to its current staffing requirements. Where this is the case and it is anticipated that the property is unlikely to be used a manse within a period of two years, the property is classified as Investment Property (whether let out or not) and any lets are at market rates unless there is a compelling reason not to do so in furtherance of the Circuit’s charitable objectives. Any such cases are specified in Note 3 below

xiv Receivables and Payables: Bank and Cash (Basic Financial instruments)

Debtors are stated at the amounts owed to the Circuit or prepaid. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or the amount advanced to theCircuit. Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable values.

xv Loans as Basic Financial Instruments

Where concessionary loans (i.e free of interest) are made to the Circuit to further its charitable purposes, and are repaid after more than one year, they are initially recognised as the amount paid, with the carrying value adjusted in subsequent years to reflect payment and any accrued interest, adjusted for any impairment, if necessary.

Where there is objective evidence of impairment, an immediate impairment loss is recognised in the Statement of Financial Activities. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in the Statement of Financial Activities.

Where loans require the calculation of a discounted cash flow valuation, this will be so marked.

xvi Methodist Connexional Funds

The Methodist Church Connexion raises assessments against the Circuits and these are paid quarterly to their Districts. The Circuit raises assessments against the Churches in the Circuit. The District quarterly remits to the Methodist Church Fund most of the sum received from the Circuits. A small sum is retained by the District to meet its own costs. The Circuit may act as agent for ad hoc collections for various funds administered by The Methodist Church. These are detailed in Note 11 below.

xvii Funds

The trustees have adopted a policy for all unrestricted reserves.

xviii Ministers’ manse costs

The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Circuit bears the cost of repairs, maintenance, buildings insurance, Council Tax and water charges. These figures are not separately disclosed as benefits-in-kind for ministers as HMRC does not seek to tax these receipts in the hand of the ministers.

2 Glossary of terms.

CFB: Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled investment funds for Methodist entities in Great Britain and provides investment advice to those entities.

Church: A group of members from fewer than 10 to more than 300

Circuit: A group of Methodist Churches near each other, typically between 10 and 30.

Circuit Meeting: The trustees of the Circuit, most of whom are appointed by their local Churches and others by virtue of a role they undertake for the Circuit and/or their local Churches.

CLT (Circuit Leadership Team): A group (comprising mostly but not exclusively) of Circuit Trustees responsible for the day to day administration and policy formation of the Circuit. Generally, the CLT comprises the Presbyters and Deacons stationed within the Circuit and the Circuit Stewards.

CMTF: Circuit Model Trust Fund

Connexion: The Methodist Church in Great Britain which includes the Head Office at Methodist Church House, all Methodist Districts, Circuits and Churches in Great Britain.

Connexional Funds: The Designated and/or Restricted Funds held and administered by the Connexion in furtherance of its charitable and mission objectives.

District: A group of contiguous Circuits, usually between 15 and 30.

DAF: District Advance Fund.

FRS: Financial Reporting Standard

HMRC: Her Majesty’s Revenue and Customs.

Lay employees: Personnel employed by the Circuit on generally accepted commercial employment terms.

MMPS: Methodist Ministers’ Pension Scheme.

Pensions Trust: The Pensions Trust, the organisation through which the Circuit arranges a pension scheme for its Lay Employees.

Presbyters (including Superintendent): Probationer or Ordained Ministers and/or Deacons who have pastoral and administrative responsibility for the Churches within the Circuit.

SOFA: Statement of Financial Activities.

SORP : Statement of Recommended Practice.

TMCP: Trustees for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust property, including legacies, Endowments and Accumulated Funds.

3 Income from Investment Property (SOFA 3)

The trustees have determined that the properties at 7 Normandy Way, Fordingbridge and 76A Countess Road, Amesbury are unlikely to be returned to use as manses in the foreseeable future and have therefore classified the same as Investment Properties. Letting income of £23,350 (£16,518 in the General Fund and £6,832 in designated funds) is shown gross of fees and commission.

4 Assessments on Churches (SOFA 4)

The Circuit comprises of 9 churches and each is assessed for a contribution to meet the overall net costs of the Circuit. In making its assessment account is taken of the voluntary giving received by each church and the average attendance at Sunday services. The initial assessment is then moderated to take account of local circumstances. The Circuit aims to cover all its net core costs from the Assessment.

5 Grants received (SOFA 6)

A grant of £5,000 was received from the District towards the cost of employing an administrator. Other income (SOFA 7)

6 Grants and Donations (SOFA 9)

The Grants listed below were made during the year.

Grante
e		 General
Fund
£		 Circuit
Model Trust
Fund
£		 Purpose
Salisbury Methodist Church 9,000 Assist with employment costs of lay
family/outreach worker
Bemerton Methodist Church 9,000 Assist with employment costs of lay
outreach worker
Salisbury Methodist Church 10,000 Upgrade to church heating.
Woodfalls Methodist Church 700 Adding new kitchen to small hall
Bourne Valley Methodist
Church		 1,465 Electrical safety work
Totals
2,125		 28,000

7 Stipends, Salaries and Associated Costs (SOFA 10)

Stipends were paid to 4 Presbyters (3.15 fte) and s alaries were paid to 2 part time lay employee (0.4 fte)

General Fund 2022
Ministers £ £
Stipends 88,592 84,208
National Insurance Contributions 7,304 7,133
ApprenticeshipLevy 410 449
Pension Fund Contributions 19,558 21,957
Telephone & Broadband 3,066 3,254
Travelling 6,015 6,550
Assistance with manse energycosts 3,000 0
Relocation costs 0 5,182
Sub Total 127,945 128,733
Lay Employees
Salaries 11,153 4,818
National Insurance Contributions 153 95
Apprentice Levy 60 27
Pension Fund Contributions 384 220
Telephone 0 0
Travelling 1,028 0
SubTotal 12,778 5,160
Total Stipends, salaries & related costs 140,723 133,893

No employees received employee benefits of more than £60,000. There is no accrual for holiday pay as it is immaterial. All staff are paid at or above the living wage.

Pension:

Most ordained presbyters are members of the Methodist Ministers’ Pension Scheme (MPPS). This is a defined benefit scheme. The Supreme Court held in 2014 that Methodist Ministers (which term includes presbyters and deacons) are not employees of the Church. For simplicity, however, when dealing with National Insurance Contributions and pension contributions the terms ‘employer’ and ‘employee’ are used as they would be in an employing body. The Connexion accounts for the MPPS and shows the figures in the annual Methodist Church in Great Britain accounts. The MPPS is in deficit but a plan for removal of the deficit has been proposed and is being implemented.

Lay Employees are contractually employees and have the option of joining a pension scheme which the Circuit has arranged with TPT Retirement Solutions (formerly The Pensions Trust). This is a defined contribution scheme and Circuit contributes as employer to this scheme.

7a Cost of Superintendent, Presbyters and Trustees.

The Superintendent of the Circuit, the other Presbyters and the remaining members of the CLT are considered as Key Management Personnel. The Superintendent chairs meetings of the CLT and Circuit Meetings. The members of the Circuit Meeting are the trustees of the Circuit. The stipends, employer’s NIC and employer’s pension contributions and other expenses of the Presbyters of the Circuit are paid by the Circuit.

The manses are provided by the Circuit and the Circuit maintains the property. The value of the Council Tax and water charges paid by the Circuit are not disclosed here as HMRC does not regard this as a benefit-in-kind in the hands of the minister.

Payments to Trustees

It is generally not Circuit policy to reimburse non-presbyteral members of the CLT, Circuit Meeting and others involved in the administration of Circuit affairs for expenditure properly incurred in carrying out their duties although certain travelling and administration costs may be reimbursed in relation to specific projects.

The travel costs of Presbyters who attend CLT and Circuit Meetings is included within their overall travel expenses (see note 9) and is not separately determined.

8 Property Expenses. (SOFA 11)

The Circuit is Managing Trustee for 4 manses, 2 of which are occupied by ministers stationed in the Circuit and 2 are let on Assured Shorthold Tenancies. The Circuit is responsible for insurance of the properties and, with the exception of the let manses, Council Tax and water charges.

Total expenditure on property was £44,852

Expenditure on Manses

Manse Council
Tax		 Water Insurance Maintenance Fees
and
Legal		 Total 2022
1 Sycamore Drive 3,006 507 1,897 5,410 19,861
9 New Zealand Ave 3,315 147 2,390 5,852 9,343
76a Countess Road -389 58 15,411 4,080 19,160 4,806
7 NormandyWay 0 0 2,278 2,752 5,030 4,002
Unallocated 2,997 2,997 2,488
5,932 712 2,997 21,976 6,832 38,449 40,500

Other property Expenses

£6,404 Quinquennial Inspections of five churches

9 Connexional and District Assessment and Levy (SOFA 12 & 13)

The District Assessment is calculated relative to the staffing (Presbyter and Mission staff only) of all Circuits in the Southampton District.

The Levy is calculated on a sliding scale percentage of the Circuit’s CMTF account as at 31 August the previous accounting year.

accounting year.
General CMTF Total 2022
District Expenses 6,220 6,220 7,160
Methodist Church
Fund		 35,768 35,768 38,188
Levyon CMTF 9,104 9,104 16,745
Totals 41,988 9,104 51,092 62,093

10 Office & Administration costs (SOFA 15)

Costs include those incurred by presbyters in respect of their home offices and those of other circuit office holders

General
£		 CMTF
£		 Total
£		 2022
Publications, including Conference
Minutes		 336 336 581
Postage 239 239 5
Stationery 1,082 1,082 889
Website and IT services 465 465 413
Bank charges 66 66 94
CMTF administration charge 661 661 969
Total 2,188 661 2,849 2,951

11 Other Income and Outgoings (SOFA 7 and 16)

11(a) General Fund

Outgoings General General 2022
PreachingFees 950 1,275
Catering and hospitality 219 57
Misc 966 2,039
Total 2,135 3,371
Income
Collection at Circuit Service 85 0

11(b) Designated Funds

11(b)(1) The Circuit runs an outreach project on a large housing estate, renting space in a community building for one half day each week. Costs are charged to a designated unrestricted fund set up several years to support mission and outreach initiatives.

Outgoings Designated
(unrestricted fund)		 2022
Rent 1,056 1,056
Equipment 178 151
Consumables 573 797
Printing& Advertising 115 258
Stagingseasonal events 250
Total 2,172 2,262
Income
Sale of refreshments 1,061 818
Donations 374 179
Total 1,435 997

11(b)(2) The Circuit has funded the cost of attending 3 Generate (The Connexional Youth Weekend) for those children and young people who wish to attend

Outgoings Designated
(unrestricted fund)		 2022
Attendance fees 310 0
Travel costs 459 0
Total 769 840

11 (b)(3) The Circuit provided tablets to elderly members of churches who wished to follow our streamed services during lockdown but did not have the required facilities

. . . 2022
4,980
4,980
105
0
105		 2022
4,980
4,980
105
0
105		 2022
4,980
4,980
105
0
105		 Total
£
2,025,000
2,025,000
Outgoings Designated
(unrestricted fund)		 2022
Tablets and sim charges 0 4,980
Total 0 4,980
Income
Contributions from tablets 60 105
Donationplusgift aid 0 0
Total 60 105
BS1 Manses and Other properties.
Buildings comprise 3 manses and 1 investment property.
Residential
Land		 Manses Investmen
t
Property		 Plant,
machinery
& Motor
Vehicles		 Fixtures,
fittings &
equipmen
t		 Total
£ £ £ £ £ £
Balance brought forward 935,003 783,726 306,271 0 0 2,025,000
Adjustment(+)
Revaluations(+/-)
Disposals(-)
Transfers(+/-) -260,526 260,526
Balance carried forward 935,003 523,200 566,797 0 0 2,025,000
Accumulated Depreciation
Basis
Rate
Basis N/A N/A N/A SL SL
Rate 3 Years
Balance brought forward 0 0
Depreciation charge foryear
Impairmentprovisions
Revaluations
Disposals
Transfers
Balance carried forward 935,003 523,200 566,797 0 0 2,025,000
Net Book Value
Brought forward 935,003 783,726
306,271		 0 2,025,000
Carried forward 935,003 523,200
566,797		 0 2,025,000

BS2 Debtors & Prepayments

It is expected that all sums shown as debtors at 1 September 2023 will be received during the following year. Similarly it is expected that payments in advance at 1 September 2023 will be expended in 2023-2024

General Designated Total 2022
Debtors 0 0 0 0
Prepayments
Stipends,Pension NI 10,289 0 10,289 9,652
Otherprepayments 0 2,310 2,310 0
Totals 10,289 2.310 12,599 9,652

BS3 Central Finance Board (CFB) and Bank balances

Monetary balances held at the Central Finance Board of the Methodist Church and at CAFBank Ltd are all available on demand and without loss of interest. The split of these balances across General and Designated Funds is arbitrary but wherever possible balances are not shown as negative

General Designated Total 2022
Central Finance Board 44,329 15,500 59,829 128,779
CAFBank Ltd 17,345 886 18,231 20,570
Cash in Hand 30 30 30
Hamptons Int* 1,000 1,000 500
Totals 61,674 17,416 79,090 149,879

*Hamptons International are our letting agents for the Investment Property

BS4 Creditors, Accruals and Income in advance

It is expected that all sums accrued at 31 August 2023will be paid during the year 2023-2024

Creditors General Designated Total 2022
Assessments in advance 22,241 22,241 21,294
Unpaid expenses 951
75
1,026		 8,859
Totals 23,192
75
23,267		 30,153

BS5 Description of Funds

Unrestricted Funds

Unrestricted Funds
Balance at 31 Aug 2023 2022
General Fund 2,073,771
2,127,282

The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general objectives of the Circuit and which have not been designated for other purposes. About 99% of this fund is held as freehold property being manses for the ministers and investment property and, from time to time, redundant chapels in the Circuit. Grants made during the year are shown at paragraph 8. The Circuit Meeting is aware that grant applications must demonstrate public benefit and this is true for this fund.

Balance at 31 Aug 2023 2022
Circuit Model Trust Fund 188,139
232,071

The purpose of the fund is for use at the discretion of the trustees in the furtherance of the general objectives of the Circuit. Its main source of income is formulaically determined contributions from the sale of manses and church buildings in the Circuit.

Although this is technically an Unrestricted Fund under the control of the Circuit Meeting, prior approval is still required from the Trustees for Methodist Church Purposes to utilise these funds. Methodist Standing Orders 930, 931 and 917(2) are applicable.

Designated Funds

Designated Funds
Balance at 31 Aug 2023 2022
Manse Fund 4,400 11,020
Mission Fund 14,202 14,258
Youth Fund 1,049 1,818
Total 19,651 27,096

Manse - Receives an annual transfer from the General Fund and against this is charged routine maintenance, repairs, council tax, water charges and, as the need arises, refurbishment.

Mission – Established with rental income from investment properties and, by decision of the Circuit Trustees, has a cap of £20,000. It is available to provide seed funding for new mission and outreach initiatives within the Circuit. Youth – Receives an annual transfer from the General Fund as required. The purpose is to encourage activities for children and young people including attendance at District and Connexional youth events.

There are no restricted or endowment funds.

BS6 Related Parties

Related parties include the Methodist Connexion, The Southampton District and Churches within the Circuit, CFB and TMCP. All financial transactions with these related parties are reported in these accounts.

BS7 Agency Collections and Payments

The Circuit acts as agent in either collection or facilitation of the monies tabulated below. The sums sent to the Circuit by churches were remitted direct to the organisations or funds shown and do not appear elsewhere in these accounts.

Fund or Organisation Amount facilitated £
Methodist Church Fund forproperty 50
Methodist Church Junior Mission for All Fund 50
Methodist Ministers’ HousingSociety 50
Leaders of Worshipand Preachers Trust 250
Methodist Church Fund for the support of Presbyters and
Deacons		 50

BS8 Capital commitments and continent liabilities

There were no capital commitments or contingent liabilities at the year end.

BS9 Independent Examiner

The Independent Examiner examined the Circuit Accounts without charge and provided no additional services to the Circuit during the year.

Name of Circuit: Salisbury No 26112 Declarations and Scrutiny I confimi that these accruals-based accounts for the year to 31 August 2023 have been prepared from the records of the Circuit and that they include all furKls under the control of the Circuit meeting. Signature of treasurer ........... Name and address of treasurer Mr lan Hardy. Bower Haven, Mount Pleasant, Stoford, Salisbury SP2 OPP Presentation to the Circuit meeting I confirm that the annual report and accounts for the year ended 31 August 2023 werelwill ' be presented to the Circuit meeting hekl on: ................. Signature of the Chair of the meeting.. Name of the Chair ofthe meeling.. . Date........................ Independent Examinerfs Report to the Trustees of the Salisbury Circuit Charity Number 1134362. Responsibilities and basis of report I report to the trustees on my examination of the accounts of the Salisbury Circuit for the year ended 31 August 2023 set out on pages . to As the Circuit's trustees. you are responsible for the preparation of the accounts in accordan￿ with the requiremerrts of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Circuit's accounts ¢arTied out under section 145 of the Act and, in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. delete or Circ￿ as appropriate

Name of Circurt Salisbury Circuit No 26112 Independent Examinerfs Ststement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination {olher than that disclosed below"} which give me cause to believe that in, any material respect.. the accounting records were not kept in accordan￿ with section 130 of the Act.. or the accounts do not accord wtlh the accounting records: or the accounts do not comply wtth the applicable requirements conceming the fomi and content of accounts set oul in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'true and fairf view. which is not a matter considered as part of an independent examination Del8te rf nol applicable i.e. all R&P accounts the trustees, annual report is not consistent wilh the accounts Delete rfnot applicable i.e. all R&P accounts. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proFer understanding of the accounts to be reached. I havelhave not" obtained independent vertfication 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 eX￿sS of £10,000 {ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner.. kl. J. THolZ￿ e . Relevant professional qualification of independent examiner. . Name of firm (where appropriale)". O l L1TrJE)￿laD IloAD. Address:..................... e)1SPFoPDOK)fvJ SALlS.8.uRY Postcode................ . Date: 22 OLk)k2of 2023 delete or circle as appropriate

Appendix A

Salisbury Methodist Circuit Meeting Membership

Ministers: Revd, Dr Mark Cheetham (chair) Revd. Steve Hawkes Revd. Anna Bishop Supernumerary Ministers: Revd. Cecil King Revd. Christopher Jones Revd. Margaret Jones Revd. Rosemary Fletcher Lay Pastoral Assistant Mrs Jacqueline Saunders Circuit Stewards: Mr Ian Hardy (Treasurer) Mr Robert Taylor Mrs Jacqueline Weddell Mrs Fiona Sherman Circuit Local Preachers & Worship Leaders representatives: Mrs Valerie Liversidge Mr Bernard Robert Mr Malcolm Spencer Circuit Appointed: Mrs Grace E Chick (Methodist Women in Britain) Mrs Diana Nobel (Safeguarding Officer) Mr Nicholas Rutt (Circuit website manager) Circuit Church Representatives: Amesbury: Mrs Liz Rose Mrs Gillian Cook Mr Derek Fisher Bemerton: Mrs Janet Hardy Mrs Moira Burton Mrs Sue Holmes Bourne Valley: Mrs Joy Davey Mr Brian Homer Fordingbridge: Mrs Christine Jones Miss Isabel Brown Pitton: Mrs Sarah Sankey Salisbury: Mr David Booth Mrs Carolyn Clarke Mr Jim Gillings Mrs Beverley Turner Sandleheath: Mr Melvyn Clark Shrewton: Mrs Lilian M Foynes Mrs Dianne Robinson Winterslow: Mr Duncan Moody Mr Ivan Moody

Woodfalls: Mr Graham Tanner Mrs Anita Tanner Mrs Muriel Dibden