## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 ## **ANNUAL REPORT For Year Ending 31[st] August 2021** The Circuit Committee presents its Annual Report and Independently Examined financial statements for the year ended 31[st] August 2021 ## **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 Bryan 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 07841649852 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 7churches, the support of 2 full time and 2 part time Presbyters, a circuit administrator, the maintenance of 3 circuit 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 60 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, although things are starting to reopen slowly and cautiously ## **Future Plans** Circuit Office, C/o Central Hall, Ablewell Street, Walsall, WS1 2EQ 07841649852 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 In 2022 our superintendent will leave, and a deacon will arrive. The superintendency will be looked after by a neighbouring superintendent. One of the 7 churches has now closed, and will shortly be on the market, which along with the proceeds of the sale of the 2 other church buildings, will continue to 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 £386275 (including monies from the sale of one building) against expenditure of £258,061 has resulted in a profit of £128214 in this financial year. Of the Income figure, £121094 came from church assessments; Stipends & Travel costs amounted to £101548 plus a District Assessment of £29,223 were responsible for the bulk of the expenditure. The manse costs of £26297 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 £40697 Other Funds held with TMCP amount to 242,334 Total funds held amount to £283,031. ## **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. - 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 £283,031 against an annual turnover of£258,061 which gives us just over 12 months Reserve against the 6 month Reserve suggested by the Charity Commission. These additional funds will Circuit Office, Rev. Rachel Wood, C/o Central Hall, 83 Mellish Road, Ablewell Street, Walsall, Walsall, WS4 2DF WS1 2EQ 01922 628723 07841649852 walsallsuper@aol.com Walsallcircuit2804@gmail.com ## Walsall Methodist Circuit Superintendent Minister: Rev. Rachel Wood Registered Charity No: 1134411 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 07841649852 Walsallcircuit2804@gmail.com Rev. Rachel Wood, 83 Mellish Road, Walsall, WS4 2DF 01922 628723 walsallsuper@aol.com CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS WALSALL Circutt FOR THE YEAR ENDED 31 AUGUST 2021 Wolverhampton & Shrewstmj Dlstrlct Clrcull no 28.04 Reglstered Chatlty - Charlty Reglstratlon numb 1134411 If nol a registergd Her Majestys ReveDUg Customs Gift Ald number (Th8 HMRC number is equIva￿t to a register&J chanty number in temis of eV1(18n￿ of dwitable status and may be used to give to donors or grant funders wishing to see evidence of the organk%alion's charstable status. Methodist charities in Engtand and Wales that are not registered charities are exopted from registration under Statutory Instrument 2014 No.242) Ministers.. Rev Bev Boden Cirixjil StV•rdrds: Mrs Ma aret Gibbons MrB n Malsbu trsG Treasurer. Mr Bri n Reil 20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 Clrcult Un- Clrcult Y*strlcted Model Tyust R•sIrk￿ Totslsthl FuNIs Fund Funds Totals last SECTION A a1 RECEIPTS AssessTn8nVShare 121,094 121,094 232.503 132,017 a3 a4 Ca Ital recel ts Bank and CFB inlerest and Investrnent inojme 232.503 28 527 1.087 15512 16,610 14512 1&610 15.832 16.331 a6 Other receipts TOTAL RECEIPTS a7 384748 386275 (a8) 16S.267 SECTION B b1 b2 PAYMENTS Stipends, salaries. NIC, Penslon and travel costs 101.548 101.S4B 117,587 Manse Costs 26.297 26397 10,133 Administrati¢)n el¢ 17,399 17,399 5,769 29223 29.359 Grants & donations 1,IIKJ 1.100 950 b7 Other payThents TOTAL PAYMENTS 82.494 9,237 25&061 25&061 (b9) 173.035 SECTION C NET RECEIPTSIPAYMENTS FOR c1 a74 127W6 1W13 Total fvnds bTOU htfoThv8¥d frorn last 49.045 105.773 154.818 162,586 Sub totsl 281031 154,818 Transfers and a(fustments c7 TOTAL FUNDS AT END OF YEAR {c3+c41 176,731 106,31JO 283,031 {c81 154,818 Ic6} SECIION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO ExfERNAL ORGANISATIONS d1 Balance brou d2 Offerin 51Grfts - receivej for extern￿ o anisatlons d3 d4 BAL4NCE STILL TO BE PAID d1+d2.d3 20f5 CllDJitR*)I P 1of1 Cknutt SECr￿N E wth*GuKl*nce lo thts Summaryofts Clrthitaccounts ended 31 AwJst2ff21 th Intern￿ otg•i￿ twtytrJttLeCitollt&kth￿ Nolelt&th&fundsofa A¢¢iuals method ofaY￿￿9*￿DADIFF£AENr FORkl bè used *0 rwortts oEQ>Jtts18eB FAe￿￿?￿*b5it￿y Pkne rfjferlo thé guthncè INTERNAL e7 SL￿ iotalof Intenwl brdughtforward frnm pllge 2-iotsL* tol￿n￿l 316275 128.213 154,818 {e61 283.031 eTO HELD BYCItCUlT 128213 154,818 281031 CDnbnue an a sepaF8ts she¢1 ￿ne￿$S￿ryand brino the t0tsL8fOTh￿d TOT￿RECEpTs Tur*& pA￿lIT$ SECTION F STATEM cfftcurr-¢ASH FUNOSHEiDAt31 ust2D21 Bank cL￿ntAC¢Jj￿Trt 15 504 19 269 105.773 242.334 Otherfmth JB TOT 281031 It81 chxng baLHnce iotaknab)¥e}le12} e12 TOTALCASH FVNDSIW8YCRCU 154.818 283.031 SECT￿1N G OTHERA%SEfs•nd Li•BurEs u*2021 950.000 . shDwamL¥Jrrt f4 Incwetttty Furtht*kfjaltsG¢ntslFw￿￿e B<0 fs InCh￿e0raYfjF￿ Fwmls hehjèiTrw*trklBtr*thtC￿l￿ry￿￿5 201$C￿Ra￿pj Name ofcircuit................ 28.04 Declarations and Scrutiny I confimi that these Re￿Ip* and Payment based a(xx)unts for the year to 31 August 2021 have been prepar8d from the records of the Circuit and that they indude all funds under the control of the Circuit meeting. signatu￿ of treasurer .......... Date........ . 31-D8c-21 Name and address of treasurer ........ Mr Brian Reity. 35 pa￿ Ro&J. WaL8811 West Mids Post Code.................ws5 Presentstion to the Circuit meeting I confimi that the annual re￿t and accounts for the year ended 31 August 2021 were14*k" present6d to the Cirujit meeting held on ..%.%l L[1 Signature of the Chair of the meeting Name of th8 Chair of the meeting Independent Examinerfs Report to the Trustees of the Walsall Charity Number.. 1134411 Responsibblitles and basis of report I report to the trustees on my examination of the accounts of the .. WaL%all Circuit for the year ended 31 August 2021 sel out on pages . to. As the Circuit's tNstees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the appliGabl8 Dir8ctions given by the Charity Commission under section 145{5)(b) of the Act. . deiete or cirde as appropriate 201S Rarxl P.yJs 1 of1 Name of Circuit............. .. WALSALL 28.04 Independent Examiners Statement I have completed my examination. I confim that no material matters have come to my attention in connèction with the examination (other than that disdosed below.) which give me cause to believe that in, any material respecL the accounting records V￿re not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records. I have no concems and have come acn)ss no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the a￿OuntS to be rèached. I havelhave not" obtained independent verification of all investrnents wilh Ihe Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds at the Central Finance Board of Ihe Methodist Church which are individually in excess of £10,000 (ten thousand pounds} at the balance sheet date. Signature of independent exarniner Name of independent examiner Relevant professional qualification of independent examiner Name of firm (where appropriate) . Addres Post Code Dale delete or cirde as appropriate Sep-21 2015 c￿￿11 R and P. 1 of1 CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS WALSALL Circutt FOR THE YEAR ENDED 31 AUGUST 2021 Wolverhampton & Shrewstmj Dlstrlct Clrcull no 28.04 Reglstered Chatlty - Charlty Reglstratlon numb 1134411 If nol a registergd Her Majestys ReveDUg Customs Gift Ald number (Th8 HMRC number is equIva￿t to a register&J chanty number in temis of eV1(18n￿ of dwitable status and may be used to give to donors or grant funders wishing to see evidence of the organk%alion's charstable status. Methodist charities in Engtand and Wales that are not registered charities are exopted from registration under Statutory Instrument 2014 No.242) Ministers.. Rev Bev Boden Cirixjil StV•rdrds: Mrs Ma aret Gibbons MrB n Malsbu trsG Treasurer. Mr Bri n Reil 20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 Clrcult Un- Clrcult Y*strlcted Model Tyust R•sIrk￿ Totslsthl FuNIs Fund Funds Totals last SECTION A a1 RECEIPTS AssessTn8nVShare 121,094 121,094 232.503 132,017 a3 a4 Ca Ital recel ts Bank and CFB inlerest and Investrnent inojme 232.503 28 527 1.087 15512 16,610 14512 1&610 15.832 16.331 a6 Other receipts TOTAL RECEIPTS a7 384748 386275 (a8) 16S.267 SECTION B b1 b2 PAYMENTS Stipends, salaries. NIC, Penslon and travel costs 101.548 101.S4B 117,587 Manse Costs 26.297 26397 10,133 Administrati¢)n el¢ 17,399 17,399 5,769 29223 29.359 Grants & donations 1,IIKJ 1.100 950 b7 Other payThents TOTAL PAYMENTS 82.494 9,237 25&061 25&061 (b9) 173.035 SECTION C NET RECEIPTSIPAYMENTS FOR c1 a74 127W6 1W13 Total fvnds bTOU htfoThv8¥d frorn last 49.045 105.773 154.818 162,586 Sub totsl 281031 154,818 Transfers and a(fustments c7 TOTAL FUNDS AT END OF YEAR {c3+c41 176,731 106,31JO 283,031 {c81 154,818 Ic6} SECIION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO ExfERNAL ORGANISATIONS d1 Balance brou d2 Offerin 51Grfts - receivej for extern￿ o anisatlons d3 d4 BAL4NCE STILL TO BE PAID d1+d2.d3 20f5 CllDJitR*)I P 1of1 Cknutt SECr￿N E wth*GuKl*nce lo thts Summaryofts Clrthitaccounts ended 31 AwJst2ff21 th Intern￿ otg•i￿ twtytrJttLeCitollt&kth￿ Nolelt&th&fundsofa A¢¢iuals method ofaY￿￿9*￿DADIFF£AENr FORkl bè used *0 rwortts oEQ>Jtts18eB FAe￿￿?￿*b5it￿y Pkne rfjferlo thé guthncè INTERNAL e7 SL￿ iotalof Intenwl brdughtforward frnm pllge 2-iotsL* tol￿n￿l 316275 128.213 154,818 {e61 283.031 eTO HELD BYCItCUlT 128213 154,818 281031 CDnbnue an a sepaF8ts she¢1 ￿ne￿$S￿ryand brino the t0tsL8fOTh￿d TOT￿RECEpTs Tur*& pA￿lIT$ SECTION F STATEM cfftcurr-¢ASH FUNOSHEiDAt31 ust2D21 Bank cL￿ntAC¢Jj￿Trt 15 504 19 269 105.773 242.334 Otherfmth JB TOT 281031 It81 chxng baLHnce iotaknab)¥e}le12} e12 TOTALCASH FVNDSIW8YCRCU 154.818 283.031 SECT￿1N G OTHERA%SEfs•nd Li•BurEs u*2021 950.000 . shDwamL¥Jrrt f4 Incwetttty Furtht*kfjaltsG¢ntslFw￿￿e B<0 fs InCh￿e0raYfjF￿ Fwmls hehjèiTrw*trklBtr*thtC￿l￿ry￿￿5 201$C￿Ra￿pj Name ofcircuit................ 28.04 Declarations and Scrutiny I confimi that these Re￿Ip* and Payment based a(xx)unts for the year to 31 August 2021 have been prepar8d from the records of the Circuit and that they indude all funds under the control of the Circuit meeting. signatu￿ of treasurer .......... Date........ . 31-D8c-21 Name and address of treasurer ........ Mr Brian Reity. 35 pa￿ Ro&J. WaL8811 West Mids Post Code.................ws5 Presentstion to the Circuit meeting I confimi that the annual re￿t and accounts for the year ended 31 August 2021 were14*k" present6d to the Cirujit meeting held on ..%.%l L[1 Signature of the Chair of the meeting Name of th8 Chair of the meeting Independent Examinerfs Report to the Trustees of the Walsall Charity Number.. 1134411 Responsibblitles and basis of report I report to the trustees on my examination of the accounts of the .. WaL%all Circuit for the year ended 31 August 2021 sel out on pages . to. As the Circuit's tNstees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the appliGabl8 Dir8ctions given by the Charity Commission under section 145{5)(b) of the Act. . deiete or cirde as appropriate 201S Rarxl P.yJs 1 of1 Name of Circuit............. .. WALSALL 28.04 Independent Examiners Statement I have completed my examination. I confim that no material matters have come to my attention in connèction with the examination (other than that disdosed below.) which give me cause to believe that in, any material respecL the accounting records V￿re not kept in accordance with section 130 of the Act. or the accounts do not accord with the accounting records. I have no concems and have come acn)ss no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the a￿OuntS to be rèached. I havelhave not" obtained independent verification of all investrnents wilh Ihe Trustees for Methodist Church Purposes or held in other trusts. bank balances and funds at the Central Finance Board of Ihe Methodist Church which are individually in excess of £10,000 (ten thousand pounds} at the balance sheet date. Signature of independent exarniner Name of independent examiner Relevant professional qualification of independent examiner Name of firm (where appropriate) . Addres Post Code Dale delete or cirde as appropriate Sep-21 2015 c￿￿11 R and P. 1 of1