## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 ## **ANNUAL REPORT & ACCOUNTS For Year Ending 31[st] August 2020** The Circuit Committee presents its Annual Report and Independently Examined financial statements for the year ended 31[st] August 2020 ## **Reference and administrative details of the charity, its trustees and advisors.** Superintendent’s address: 83 Mellish Road Walsall West Midlands WS4 2DF The Circuit is governed by a Circuit Meeting as defined by the Constitutional Practice and Discipline of the Methodist Church. The following members of the Circuit Meeting are the charity trustees and served during the period and up to the date of this report. ## Ministers: Rev. Rachel Wood (Superintendent) Rev. Colin Gardner Rev. Bev Boden Rev. Liam Dacre-Davis ## Circuit Stewards: Mrs. Margaret Gibbons Mr. Brian Malsbury Mrs. Gill Jolly ## Circuit Treasurer: Mr. Brian Reilly ## Circuit Secretary: Mrs. Sue Smith Bankers: HSBC, The Bridge, Walsall, West Midlands. WS1 1LN Operating Name: Methodist Church Walsall Circuit Pension Provider: The Pensions Trust Ref: E12098 Verity House, 6 Canal Wharf, Leeds. LS11 5BQ ## **Structure, Governance and Management** Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 01922 474053 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 The charity is constituted as an unincorporated association. It is governed by the Methodist Church Act 1976 and the regulations set out in the Constitutional Practice and Discipline of the Methodist Church (Standing Orders), and is run by the Circuit Meeting, and between Circuit Meetings by the Superintendent Minister and the Circuit Stewards and Treasurer. In addition, as a Registered Charity No. 1134411, it is further governed by the regulation of the Charity Commission. New Circuit Stewards are initially appointed for a term of 6 years which may be extended, and re-elected each year during their period of office at the spring Circuit Meeting. The Treasurer is likewise re-elected each year. The Superintendent Minister is initially invited to serve for 5 years and may then be re-invited by Circuit Meeting for a further period of up to 5 years at the end of each term of appointment. Circuit Stewards and Treasurer are briefed by the Superintendent Minister to familiarize them with their responsibilities as Charity Trustees. The Superintendent Minister, Circuit Stewards and Treasurer meet at least 4 times during the year to review activities, consider the financial position, and decide policy and procedures, often as an augmented meeting with the Circuit Meeting Secretary and other ministerial colleagues as a Circuit Leadership Team. The day to day work of the charity is overseen by the Superintendent Minister and Circuit Stewards on behalf of the Circuit Meeting, who are supported by 3 further ministers of which one is full time and the remainder on a part time basis. The Circuit is 1 of 13 which form the Wolverhampton & Shrewsbury District. ## **Objectives and Activity** The circuit mission policy continues to provide for ministerial oversight and pastoral care of 7 churches, the support of 2 full time and 2 part time Presybters, a circuit administrator, the maintenance of 3 cirucit manses and supporting the Wolverhampton and Shrewsbury district through the assessment. ## **Achievements and Performance** The Circuit provides a benefit to the public by supporting both financially and practically, the 7 Methodist churches across the borough of Walsall who are providing a place of worship for the community. Their congregations vary between 6 and 100 in numbers, are of all age groups and many multicultural backgrounds. The churches provide a venue for many varied activities throughout the week as well as worship on a Sunday. The Coronavirus Pandemic caused a halt to all of the usual activities within the circuit and local churches. Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 01922 474053 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 ## **Future Plans** In 2021 2 of the circuit ministers will leave, and 1 new minister will arrive. In 2022, our superintendent will leave and so we look to the future in terms of resources needed (people and finance) – the sale of the 2 church buildings, will allow an opportunity to support local churches as they deal with the losses (people and money) caused by the pandemic, and as they and the circuit consider their future. ## **Financial Review** The Charity Commission advises of the threshold limits determining the requirement of Receipts & Payments Accounting or Accruals Accounting. Therefore, these accounts are presented under the Receipts & Payments basis for this financial year. Income of £165267 against expenditure of £173,035 has resulted in a shortfall of £7768 in this financial year. Of the Income figure, £132017 came from church assessments; Stipends & Travel costs amounted to £117587 plus a District Assessment of £29359, were responsible for the bulk of the expenditure. The manse costs of £10133 are usually offset to a degree by the rental income from Grayling Close manse. ## **Funds held at the year end** General Funds made up of the balances in the HSBC & CFB accounts amounts to £49045 Other Funds held with TMCP amount to £105,773 Total funds held amount to £154818 ## **Reserves Policy** The aim of the Reserves policy is; - To secure and sustain the Circuit’s viability and future - To give reassurance to the general public that the Circuit being a charity intends to use all of the money coming into its care for the purpose of the charity - The Charity’s Reserves Policy deals with: - Our General Funds are made up of HSBC & CFB accounts. HSBC provides the day to day running costs both expected and unexpected. CFB is the means by which Church Assessments are collected and Ministers payroll is operated together with the District Assessment. Additional funds are transferred from this to HSBC as the need arises to meet other bills as HSBC receives rental income only. Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 01922 474053 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 - Our TMCP funds which are held to meet any shortfall from the income against the expenditure plus any large payments either to do with increased staffing requirements for the upkeep of property to which TMCP has a vested interest, we being stewards of related properties. We hold funds of £154818 against an annual turnover of £173035 which gives us just over 12 months Reserve against the 6 month Reserve suggested by the Charity Commission. These additional funds will allow us to support the churches across the Circuit over future years as well as Circuit requirements. An Annual Budget Review is undertaken to consider the current level of funds held, the anticipated expenditure for the forthcoming 12 months, and how this is to be met by contributing churches. This Circuit currently uses the voluntary Share Contribution method to meet this figure. Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 01922 474053 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 **RECEIPTS & PAYMENTS For the Year Ended 31st August 2018** |**RECEIPTS & PAYMENTS**|| |---|---| |**For the Year Ended 31st August 2018**|| |**No**
**te**|**UR**
**R**
**Tot**
**al**
**201**
**8**
**Tot**
**al**
**20**
**17**| |**Receipts**|**£**
**£**
**£**
**£**| |Share Assessment
1|13
4,7
12
134,
712
127
,08
1| |Interest & Investment Income
2|13
5
64
6
781
924| |Grants
3|12,
61
4
12,6
14
11,
530| |Other Income
4|15,
16
8
15,1
68
16,
606| ||| |**TOTAL RECEIPTS**|**16**
**2,6**
**29**
**64**
**6**
**163**
**,27**
**5**
**15**
**6,1**
**41**| ||| |**Payments**|| |Stipends, salaries, NIC, Pension & Travel cost
5|10
9,4
03
109,
403
102
,77
8| |Manse Costs
6|26
96
0
269
60
10,
701| |Administration
7|6,5
62
6,56
2
7,1
87| |District Assessment
8|28,
69
7
28,6
97
28,
369| |Grants & Donations
9|6,2
10
6,21
0
5,3
50| |Other Payments
10|1,2
86
23
8
1,52
4
3,2
25| ||| |Circuit Ofce,
Rev. Rachel Wood,
C/o Central Hall,
83 Mellish Road,
Ablewell Street,
Walsall,
Walsall,
WS4 2DF
WS1 2EQ
01922 628723
01922 474053
walsallsuper@aol.com
Walsallcircuit2804@gmail.com|| ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 |||**17**|**17**|||**179**|**179**|**15**| |---|---|---|---|---|---|---|---|---| ||**9,1**|||**23**||**,35**||**7,6**| |**TOTAL PAYMENTS**||**18**||**8**|||**9**|**10**| |||(16||||||(1,| |||,48||40||(16,||469| |Net Receipts/Payments|11|9)||8||081)||)| |||15,||(15||||| |||00||,00||||| |Transfer between funds|||0|0)|||0|0| |||||**(1**||||| |||**(1,**||**4,**||**(16,**||**(1,**| |||**48**||**59**||**081**||**46**| |**Net Movement in funds after transfers**||**9)**||**2)**|||**)**|**9)**| |**RECONCILLIATION OF FUNDS**||||||||| |**Total Funds Brought Forward**||||||||| |||||**11**||||| ||**54,**|||**8,**||**173**||**17**| |||**94**||**99**||**,94**||**5,4**| |**as at 1st September 2017**|||**9**|**3**|||**2**|**11**| |**Balances carried forward**||||||||| |||||**10**||||| ||**53,**|||**4,**||**157**||**17**| |||**46**||**40**||**,86**||**3,9**| |**as at 31st August 2018**|||**0**|**1**|||**1**|**42**| |**STATEMENT OF ASSETS & LIABILITIES**||||||||| |**As at 31st August 2018**||||||||| |||||Tota|||Tota|| ||||||l|||l| |||||201|||201|| ||UR||R||8|||7| ||£||£||£|||£| ||950|||950|||950|| ||,00||||,00||,00|| |FixedAssets- Manse estimatedvalues|0|||||0||0| ||**95**|||**950**||||**95**| ||**0,0**|||**,00**|||**0,0**|| |**Total Fixed Assets**|**00**|||||**0**||**00**| |Circuit Ofce,|Rev. Rachel|||Wood,||||| |C/o Central Hall,|83|Mellish Road,||||||| |Ablewell Street,||||Walsall,||||| |Walsall,|||WS4 2DF|||||| |WS1 2EQ|01922|||628723||||| |01922 474053
|walsallsuper@aol.com|||||||| |Walsallcircuit2804@gmail.com||||||||| ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 |**Current Assets**||||| |---|---|---|---|---| |||**10**||| |||**4,**|**104**|**11**| |||**40**|**,40**|**8,9**| |**Trustees for Methodist Church Purposes**||**1**|**1**|**93**| ||**44,**|||**46,**| ||**57**||**44,**|**85**| |**Central Finance Board**|**4**||**574**|**9**| ||**8,8**||**8,8**|**8,0**| |**HSBC**|**86**||**86**|**90**| |||**10**||| ||**53,**|**4,**|**157**|**17**| ||**46**|**40**|**,86**|**3,9**| |**Total Current Assests**|**0**|**1**|**1**|**42**| |**Current Liabilities**|**0**|**0**|**0**|**0**| ||**1,0**|**10**||**1,1**| ||**03,**|**4,**|**1,1**|**23,**| ||**46**|**40**|**07,**|**94**| |**Net Assets**|**0**|**1**|**861**|**2**| |The funds of the Charity||||| |||10|104|118| |||4,4|,40|,99| |Restricted funds||01|1|3| ||950||950|950| ||,00||,00|,00| ||0||0|0| ||53,||53,|54,| |Unrestricted funds - General Funds|460||460|949| ||**1,0**|**10**||**1,1**| ||**03,**|**4,**|**1,1**|**23,**| ||**46**|**40**|**07,**|**94**| |**TOTAL FUNDS**|**0**|**1**|**861**|**2**| |||||| Circuit Office, Rev. Rachel Wood, C/o Central Hall, 83 Mellish Road, Ablewell Street, Walsall, Walsall, WS4 2DF WS1 2EQ 01922 628723 01922 474053 walsallsuper@aol.com Walsallcircuit2804@gmail.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 Approved by the Circuit Leadership Team and signed on their behalf by Rev. Rachel Wood (Chairperson) Andrew W. Hawes (Circuit Treasurer) ||**Receipts**

Note 1:
Assessment Income from 9 Churches
Note 2:
Interest from CFB & TMCP
Note 3:
£11,500 District Grant towards
Probationers Salary
Note 4:
£7,740 From Aldridge towards Layworkers salary
£7,262 Net Rental Income from Grayling Close
**Payments**

Note 5:
£79,898 Stipends & Salaries
£18,257 Employers Pension
Contributions
£5,200 Employers National Insurance
Contributions
£6,047 Mileage Claims & travel costs
Note 6:
£5,199 Council
Tax
£1,637 Water
Rates
£2,252 Insurance
£17,802 Repairs & renewals
Note 7:
£2,886 Telephone & Internet costs
£950 Preachers fees
£1,353
Publications
£1,222 Postage & stationery
Note 8:
Assessment required by District| |---|---| ||| |Note 8:|£950 Preachers fees
£1,353
Publications
£1,222 Postage & stationery
Assessment required by District| |---|---| |Circuit Ofce,|Rev. Rachel Wood,| |C/o Central Hall,|83 Mellish Road,| |Ablewell Street,|Walsall,| |Walsall,|WS4 2DF| |WS1 2EQ|01922 628723| |01922 474053|walsallsuper@aol.com| |Walsallcircuit2804@gmail.com|| ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 ||Note 9:|£500 Central Hall Methodist Church|£500 Central Hall Methodist Church|£500 Central Hall Methodist Church| |---|---|---|---|---| |||£500 Relocation Grant - Rev.R.Wood||| |||£300 World Mission||| |||£1,000 Aldridge Christmas Tree Festival||| |||£200 All We Can (Methodist Relief &||| |||Development)||| |||£120 Street||| |||Pastors||| |||£300 MHA||| |||£150 Christian|Aid|| |||£500 Walsall Over 50’s||| |||Forum||| |||£1,940 Coalpool Methodist Church||| |||£500 Daw End Methodist||| |||Church||| ||Note 10:|£185 TMCP Levy||| |||£339 Apprenticeship Levy||| |||£480 Methodist Payroll levy||| ||**DECLARATIONS**|||| |**Treasurer**||||| |I confrm that I have prepared the accounts from the records of the Circuit and that they||||| |include all funds under the control of the Circuit||||| |Signature of||||Date| |Treasurer||||| |||||| |Name|Andrew Hawes|||| |||||| |Address|88 Walsall Wood Road, Aldridge, Walsall, West Midlands.|||| ||WS9 8RA|||| Circuit Office, Rev. Rachel Wood, C/o Central Hall, 83 Mellish Road, Ablewell Street, Walsall, Walsall, WS4 2DF WS1 2EQ 01922 628723 01922 474053 walsallsuper@aol.com Walsallcircuit2804@gmail.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 ## **Presentation to the *Circuit Meeting for approval.** I confirm that the Accounts have been presented to the Circuit Meeting on and were approved. Signature of the Chair of the meeting Name of the Chair of the meeting **Rev. Rachel Wood** Date ## **Independent Examiner’s Report to the Trustees of the** **WALSALL Circuit** This Report is on the Circuit Accounts for the year ended 31[st] August ## **Respective responsibilities of Trustees and Examiner** Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 01922 474053 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 and that an independent examination is needed. ## It is my responsibility to:  Examine the accounts under Section 145 of the Charities Act  to follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act), and  to state whether particular matters have come to my attention. **Basis of Independent Examiner’s Report** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention (other than that disclosed below*): (1) which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 130 of the Charities Act; • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 01922 474053 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 _* Please delete the words in the brackets if they do not apply appropriate_ (3) I have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes ("TMCP") or held in other Trusts, Bank balances and Funds at the Central Finance Board of the Methodist Church ("CFB"), which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. ||||| |---|---|---|---| |_* Please circle as_
_appropriate_|||| ||||| ||||| |Name||Mr. John Brown|| ||||| |Signatur
e|||| ||||| |Relevant Professional qualifcation or body|||| |||Retired Bank Ofcer|| ||||| ||||| |Address|30 Pavillion Close, Aldridge, Walsall,
West Midlands. WS9 8LS||| Circuit Office, Rev. Rachel Wood, C/o Central Hall, 83 Mellish Road, Ablewell Street, Walsall, Walsall, WS4 2DF WS1 2EQ 01922 628723 01922 474053 walsallsuper@aol.com Walsallcircuit2804@gmail.com