REGISTERED CHARITY NUMBEIL. 1134874 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STAIEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR BLACKHEATH & HALESOWEN MEfHODIST CIRcurr Sandwell Accountancy Seryices Ltd c8rtrfd PUNIC Accountants Suite A. Old Bank Bulldings Upper High Street Cr8dley Heath West Midlands 864 SHY
BLACKHEA HALE OWEN METHODIST CIRCUIT Re ort of the Trustees for the ear end 31 A usl 2024 The trustees presant their report wlth the financlal statements for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: statement of Recommended Practice appli¢abl8 to charities preparing their accounts in accordance wth the Finandal Rèporting Standard app1[ble in tha UK and Republic of Ireland (F.RS 102), effedve 1 January 2019. Objectives And Acttvitles Blackh8ath & Halesowen MethrKlist CircJJlt Is part of the B Thiingham Dislrid of the Methodlst Church. The Circuit conlnues to support minBty in local d)urches and their Mmunities. Care and suppori are given to those of all communities and faiths as we folk)w Chrisys command to lov8 our nerghbours. The circuit is reswnsible for 3 churches: Central Methodist Church, Hasbury and Short Cross. Mlsslon SLtsment The rCUit,8 vision Is to unEte for Golfs Inclusive mission -Now or Neverf and to love God through worship. eVangesm, leaming and service. Th8 aims of the circuit are.. To be a Christ-centred circuit-frjr the communty. To reflect the presence of Jesus Christ through our lrfestyle. To be a Christian Methodlst presence within the circult To be the agents of transformation ty seeking justice and pgaGe. The Circuit has a Mission Strategy "Now or Neven for di5clpleship and growth over the next 5-10 years. Review of the Yoar Following the pandemic. we hav8 enjoyed meeting In person agaln. though several churches now face challenges relating to membership numbets. buildings and difficuty in finding volunteers to fill key roles. The circuit leadership team wntinues to r8view the missK)n lrfe of the cIrcu. Our full-time pre$byr. Rev Dr Joseph Suray. contnued to provKle minlsty throughout the year. Publlc Benefit In s8tting our objectives arKI planning our activities. the trustees have given carefvl consideration to the Charlty Commissioners, general guldance on public benefit and, in particular, to Its supplem8ntsry public benefft guKlance on advancang wr objeclives, in acrdanCe wlth the Charlties Act 2011.
FINANCIAL REVIEW Flnanclal Posltlon During the year, the circuit recorded tofid incom6 from all sources amounting to £198K (2023 - £386K), The ¢lrvJit disbursed £286K (2023 - £170K). giving a net det of irKX)tn8 OV8r OXP8nditure of £88K {2023 - £216K surplus). Total reserves at 31 August 2024 w8r8 £1,510K 12023 - £1.620K). £634K represents Freeh(Ad Land & Buildiws (2023 - £754K}. In"IlnrtlFMetho- distrytTrde1inBThtthOFdOSEd"ChrCh8Pass-trthC1rcU1I?trthato closure. A fair value is induded wlthin incoTh and assets at the date of Closur&, Fair value takes into account a compulsory 40Yo 18vy for the MettM)dist Connexional Priority Fund which WHI be deducted rf and en tkKsse buildings are sold. Any differen betsveen the balance sheet values and the eventual r8alisable value is aC(Unted for once the final net proceeds fUre k8 certawi. Golng concern The trustees COnder that there are no matetial uncerlainties alK)ut th& chaiitys abillty to continue as a going cx)ncem. Investment Policy and Perf(ffi)an¢e To comply with Meth(Klist standlng Orders, money for k)ng term investment Is lodged with TMCP 'Trustees for Methojlst Church Purwses. or with CFB "Central Finance Board of the Methodist Church. TMCP is the legal owner and Gustodian trustee of all Methodist Model Trust property, including tegacies, endowments and accumulated funds. CFB manages a common deposit fund and a series of pooleé investment fvnds for Methodist entities in Great Brtsin. Interest rates from deposits wth TMCP CFB refiect dewsit rates available elsewhere. The investment wlicy of the circuit is aligned with those ofTMCP and CFB, who tske into a¢Unt the social, environmental and èthical cx)nsiderations that make investments suitable for the Methodist Church. Interest received durlng the year ended 31 August 2024 VRS £45,319 (2023 - £17245). RoseTves Policies 'Free Reserves" represent the ban on Ihe G8neral Fund, the Circuil Mrxlel Tmst Fund and the Bequests Fund: £874K (2023 - £837K}. Total reserves at 31 August 2024 were £1.510K (2023- £1,620K). £634K (2023 - £754K) represents Freehold Land & Bulldings. The General Fund derives lis income principally from ¢hurch contributions {known as assessments). This finances the day-tTrday running costs of the circuiL Tha trustees believe that the balance on the General Fund should, under nomial circumstance5, be in the region of £200 to cover foreseeabk cirujit running costs.
STRUCTURE, GOVERNANCE AND MANAGEMEKr Governlng Documont The circutt is govemed by Ihe Methcdist Church Ad 1976 and the Deed of Unlon 1932. Organisional Structure IndIdual Methodist churches are groUpd Ythin crcuts. whlch are in lurn grouped within distr. AJI distrids, circulis and churches aro part of the Methodist "Conn8xion'. (See Related parties bel¢)W Overall re ulato author sts wth the Methodist Conference. which meets once a y8ar. The Connexional Office implements decislons made by conferen and is also r8sponsible forthe stationing of presbyters and dea¢or (collgcliv6ly known as ministers) within circuits. Connexional decisions are passed io the districts for implementath)n. The DistriGt Synod meets a year. Governance The district operates within a statutory fram8work of regutiOn and seeks to ensur8 that It follows Methodist Stsnding Orders. Maament The clrcuit is govemed by the tNstees cL)nststing oflh8 circuii officers and represantatives of each of the churches. The tnjstees hold at leasi thre6 meetings eath year. Th8 rèsponsibflities of the Circuit Meeting are laid down in M8thodist Standing Orders. The circuit meeting is supported by the laad8rship team which nSiSts of the ministers and circuit stewards. Sandwell Ac¢ountar SeNices provldes flnanclal and administrative SUPFX)rt. The crcuit also provld&s vcAuntary support and leadership in the form of locd preacheT5, clrcult stewards and trustoes. Other office IN)Iders support the church8S With heb arKI adwce on property. finan, worship. and vffjrk with young peop19. Wo continu8 to S the thangiw (%Jmmunittes where the church8s are located. Related parties Methodist Church in Britain ("the Connexlon.) Bimlingham Methodist District Th8 churches within the Ccurt during 2022-23 were: Central Methodist Church Hasbury Methcxjist Church Short Cross Meth)dist Church Individual churches rnake donations Io central MethcYtst Funds, via the cl111 bank aCCUnt. Such transaGfions are tr8ated as money recelved and passed on to Extemal Organisations.
REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity Number 1134874 Prlnclpal Address 2 Wall Clos8 Smethwick 867 8PG Tru8teg8 The members of Blackheath & Halesowen Circuit Meeting are the charity trustees, membership being made up of circuit stsff, circuf( office holders, and representatives appointed by the local churches. Trusts88 who served batwegn 1 Septsmber 2023 and slgnlng dats of accounts were: Clrcult Staff Rev Or J Suray othor trustees A14adl8y S Ward Ms J Lear Ms M Stanley M8 J Betney-Rowden Ms C Lees Ms S Sambidge Ms P Lane Ms E Lacon MST Upcott D Vercoe E Collins Ms G Smith P Roberts Ms J Rushton Ms T Tolley MS C Grimmitt M8 S Simpson
STATEMENT OF TRUSTEES. RESPONSIBILlEs Tho Iruste8s ar8 reBponsiblè for preparing the Report of the Trustees and the financlal stat6ments in accordance wsth applicable law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practice), including Flnanclal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK arKI Republic of Ireland". The law applicable to charthes in England and Wales, th8 Charities Act 2011, Charty (AOuntS and Reports) Regulations 2008 and Ihe prowsion of the trust deed, requires th8 trustees to prepare nancia emen year whith give a rue an air view oflh the charity and of the incoming resources and application of resources, induding tt)e in(x)me and expenditure of th8 chartty for that perv)d. In preparing those ffinan¢tAI statements, the trustees are required to: select suitable accounting policies and appty them wnsistenty using the accwals method obsèrv6 the methods and principles In the Charity SORP make judgements and estimates that are reasonablè and pnjdent state whether appli¢ab18 aCCnting standards have been folk)wed, sutlect to any material departures disclosed and explained in the financAal statements prepare the financial ststem8nts on the going con¢*m basls unless it is Inappropriate to presume that the charity wtll continue to operate The trustees ar8 responsible for keeping proper acwunting records whlch disclose wh reasonable aCracY at any time the finanrial position of the clrajil and which enab Ihe Irustees to ensure that the financial statements compty with the Charitt6s Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are r8spon8ible for safeguarding the assets of the circuit and hen ftakIng reasonable steps to ensure appropriats controls are in place to prowde reasonable assurance aganst fraud and other irregularities. Independent Examiners Sandwell Accounlancy Services have Signifi their wiltingnèss to ntinue in office. Approved by order of tha cirujit m88ting on . . and signed on Its behalf by: Trustee
Inde 8ndent examln8fs r8 ort to the trustees of Blackheath & Halesowen Methodist Circuit I report to the tharity trustees on my examlnatbjn of Ihe accounts of Black1 & Halesowen Methodlst Cir¢utt for the year and8d 31 August 2024. onslbllldes and ba818 of ro ort As the cthrity trustees Y( are responsible for the preparation of Ihe accounts in actordance wth eluIrMents[tChat1&*A&2ll1l I report in respect of my exarninalion of the charivs accounts carried OLrt under Section 145 of the Act and n carying OLrt My examination I have followed all appiicable directions grven by the Chaiity Commission under Section 145(5)(b) of the Act. Inde ndent examinerfs statement I can confinn that l am qualffied to undertake the èxamination because l am a registered member of the CPAA which is a listed body. I have completed my examination and can confirm Ihat no material matters have rne to My attentkin in c%)nnection with the examination giviNJ me cause to belteve that in any malerial respect.. 1. Ac(£JuntlThJ rerx)rds were not kept In respect of the dkgrity as requir&J by SeGtion 30 of the Act: or 2. The accx)unts do not agre8 With those records: or 3. The accounts do not (x)mY with the applicable requir8m8nis concerning the form and o)ntent of accounts set out in Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter conSered as part of an independent examin81ion. I have no cOnrnS and have come across no other matters In conn8ctlon wlth the examination to whith attention should be drawn In this r6POrt in (der to enable a proper understsnding af tho accounts to be reached. Swaranjit Singh Sohal FCPA Suite A, Old Bank Buildings Upper High Street Cradley Heath Wesl Midlands B64 SHY ..1.3..F&@ zol
BLACKHEATH & HALESOWEN mHoDIST CIRcurr STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Total Total Unrè$trirt•d G8n8T l arcuit Model Be Ug5J ELooQtlÈs 2023.24 2022.23 und Trust Fn. Fund Note INCOME Assessments from churthes Interest Other Income Gains on Realis*ion of Asset 1 97,014 10.021 15,827 97,014 126,980 45,319 17,245 15,827 11,850 39,951 229,776 34,461 837 39,951 122,862 74,412 837 198,111 385,851 EXPENDITURE Employment Costs Manse Costs 4 (80.0221 15,9661 6 {83.0361 (1,6821 115,1701 180,0221 190,9441 15,966) {8,5061 184,7621 {19,808} 115,1701 110,322) 116,879) 124.4201 123.464) Administration Grants and Donations Investment Property Costs District Assessment Lewy Connexional K8sessment & Model Trust Levy (441 {24,420) {75,4741 1284,088} (1,6821 175,4741 1285,814) 1169,9231 (44) Net Income/lExpenditurel 1161,226) 72,730 793 (87,7031 215,928 Transfers Between Funds 152,872 155.548) (119,926) {22,603} Funds Brought FoTward 259,977 590,304 15,497 754,075 1.619.853 1.403.925 Funds Carried Foard 251,623 607,486 16,290 634,149 1,509,547 1,619,853
BLACKHEATH & HALESOWEN METHODIST CIRCUIT BALANCE SHEET AS AT 1 AUGUST 2024 Total Total Unrestrlctad nar8 Cir(JJit M(NJel B Fund Trust Fund Note Fund Fund FIXED ASSErs Manses 634,149 634,149 634,149 3,883 634,149 638,032 634,149 Offlce Equlpment 3.883 CURREpif AS5Ers Investment Property Debtors and Prepayments Cash at bank and in hand 119,926 30,327 250,586 607,486 16,290 874.362 836.891 254,692 607,486 16,290 634,149 1,512,617 1,621,293 223 223 CURRENf UABILfTIES Creditors and Accrua15 13,0691 (3,0691 {1,4401 LIABILMES DUE AFTER ONE YEAR TOTAL NET ASSETS 251,623 607,486 16,290 634,149 1,509,548 1,619,853 CIRCUIT FUNDS General Funds 251,623 237,374 259,978 710,231 590,304 15,947 15,496 634,149 634,149 754,075 251,623 607.486 16,290 634,149 1,509,548 1,619,853 Circuit Model Trust Fund 607,486 Bequest Fund Property Reserve Fund TOTAL FUNDS 16,290 The financial statements were apExoved by the Board of Trustees and aUth(ZQd for issug on .13. FtrS.Z¥and were sb3ned on its behalf by. Trusteè
BLACKHEATH & HALESOWEN METHODIST CIRCUIT Notss to the ac ounts for the ar ended 31 Au ust 2024 l. Assassments from Churches Central 12 X£2.126.36 25.516 Hasbury 12 X £3.699.87 44,398 ortrcros Addittonal C8ntral Cheque 2.126 Central Assessment Dgbtor Adjustrnenl for 2024 Year 5,518 Central Assessment Debtor Adjustrnent that wasnl in¢lud8d in last year12023) (11,6741 97.014 Note Re Central 9 payments received during year to 31.824 Debtor at 31.8.24 {1 x £222.51) • see Note13 25,294 222 25,516 Z. Bank balances at 31.08.2024 and Interest Received durin 2023-24 Bank Balance On31Au st 2024 Interert In The Year To31Au ust 2024 HSBC 31045059 CFB 05389010 TMCP 17970 TMCP 18015 51,292 199,294 607,486 16,290 874,362 10,021 34,461 837 45,319 3. Othèr Income Rental from Springfield Road Donalion and Legacies Other Charitable Donations Grants Received 10.044 208 4,411 1,164 15,827
SalarEs Associated Costs 80,022 5. Manso Costs Mans8 Maint8nanc8 Manse Utilities 3.519 2,447 -5.,96 & Admlnlstratlon General Fund Churches Maintenance other Expenses Marketing General Rates Churches Insurance ChurGhos Utilities Travelling - Ministers Hotel Accommijdation Entertainment Subsistence Postage & Carriage Computer & Software Sundry Exp&nses Mobile Phone - Minlsters Accountancy F88S Professional Fees Legal Fees Repairs & Renewals Bank Charges Subscriptions Training Costs Office Expenses 60,000 313 243 319 2.529 769 5.877 20 149 46 217 4.500 674 5.782 1.056 720 156 73 166 954 83.036 Circuit Model Trust Fund TMCP Admin Fee 1,682 uest Fund TMCP Admin Fee 44 84,762
A88ets Manses 10 Sprfngfield Road 28 St Kenelm's Avenue 283,211 350,938 634.149 OfflGe E ul LaptopAsu iPhon8 otfice Chairs ment General Fun 1.199 1,724 8. Debtors Central Assessment 223 223 9. Credltors crual Creditors J Suray- Expense for August 2024 Dudley Council - 28 St Kunelms 314 1,185 1,499 AccNal Accwal for 2024 year 1.570 3,069