Registered Charity Number 1134878 

## PLYMOUTH & EXETER METHODIST DISTRICT 

| 

| Financial Statements for the year ended 31 August 2020 

: 




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|---|---|---|---|
|Page|
|Trustees|Annual|Report|3|
|Declarations|15|
|Independent|
|Examiner's|Report|16|
|Statement|of|Financial|
|Activities|8|
|Balance Sheet|19|
|Notes|to|the Accounts|20|

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## TRUSTEES’ , ANNUAL REPORT 2019-20 

## Objectives and Activities 

## Objectives 

j The objectives of the Plymouth & Exeter Methodist District are those as set out for the Methodist Church of Great Britain in the Deed of Union 1932 and the 1976 Methodist Church Act. The aim of the Methodist Church is to proclaim and affirm its conviction of God's love in Christ, for theus andchurch. for all the world, and to renew confidence in God's presence and action in the world and in 

The charitable objects of the Plymouth & Exeter District are the purposes of the Methodist Church and these are the advancement of: 

- (a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; 

- (b) any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church; 

- (c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church; 

- (d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. 

## Activities 

The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out 

its discipleship in worship and mission. We do this through: 

Worship: to increase awareness of God's presence and to celebrate God's love 

Learning and Caring: to help people to grow and learn as Christians, through mutual support and care 

Service: to be a good neighbour to people in need and to challenge injustice Evangelism: to make more followers of Jesus Christ 

## The Charities Act 2011 and ‘public benefit’ 

The Trustees of the Plymouth & Exeter District [in the meetings of the District Policy Committee] give attention to their responsibility to demonstrate ‘public benefit’, as defined by the Charities Act 2011. In undertaking this work, they follow the Commission’s guidance, which sets out two key principles: 

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- the organisation must have an identifiable benefit. 

- the benefit must be to the public or a section of the public. 

The Trustees’ particular contribution to the working out of the calling of the Methodist Church is to support and enable the churches and Circuits of the District to call, nurture, challenge and equip disciples to carry forward the work. This is achieved by Supporting churches and Circuits across the District to: 

- increase awareness of God's presence and celebrate God's love; 

- - help people to learn and grow as Christians, through mutual support and care; - bea good neighbour to people in need and challenge injustice. 

We consider that, for these reasons, the Plymouth & Exeter District meets the public benefit requirements, 

In detail, the District contributes to the life of the churches and Circuits by: 

## Worship 

- v maintaining oversight of the number and distribution of places of worship in the District ¥ working with other Christian denominations in strategic plans for nurturing a Christian presence for worship and service across our region 

- Vv the work of the District Chair and Lay Stationing Representative, recruiting and placing 

   - ministers to the ministerial vacancies in the District 

- Y working together with the Methodist Regional Learning Network to provide Opportunities for those leading worship to develop their skills 

- v encouraging the development of patterns of worship which meet need, e.g. ‘Messy Church’ and worship which is accessible to those with particular needs 

## Learning and Caring 

- Y working with the Regional Learning Network and others, we encourage and facilitate learning for people in many diverse church roles, both paid and voluntary, both supporting and holding them to account for the work undertaken 

- v providing opportunities for reflection, the learning and development of ordained ministers and overseeing the development of those exploring a call to ministry 

- Y building our partnership with the Cuttack Diocese of the Church of North India to promote Vv better understanding of, and co-operation within, the world-wide church community keeping people safe by ensuring that the Safeguarding training developed by the Methodist Church is rolled out and built upon in every church and providing professional support and expertise on Safeguarding matters 

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- v promoting throughout the District national guidance on Health and Safety legislation, Employment Law and Data Protection. 

- v Launching a pilot project to determine the effectiveness of providing Human Resources advice at a local level to supplement national advice 

## Service 

- Y contributing to the understanding and practice of ministry, with particular concern for rural areas 

- v encouraging community engagement, e.g. Christians against Poverty; involvement in Street Y and School Pastors and Foodbanks - we also commit to measures to combat climate change resourcespromoting good stewardship and wider use of buildings, people, funds and other available 

- v helping to fund local community outreach initiatives 

- Y supporting and encouraging awareness of the work of Action for Children, Methodist Homes, All We Can and other social action initiatives 

- v Challenging injustice through involvement in national and international initiatives of the Methodist Church 

## Evangelism 

- v funding and managing the work of the District Mission Enabler so that individual congregations can undertake initiatives which serve local communities and provide opportunity for individuals to become disciples of Jesus Christ 

- v being a Christian presence alongside agricultural communities in Our area through the work of our full time Rural Support Worker 

- v providing continuing support to the Christian Communities in Conversation project which seekslives, to equip individuals to share their faith more readily and effectively in their everyday 

- v encouraging participation in Thy Kingdom Come, calling all Christians globally to pray between Ascension and Pentecost for more people to come to know Jesus Christ. 

## Achievements and Performance 

Achievements 

During the Connexional year 2019-20 our achievement of our objectives has been hampered by the impact of Government regulations to ensure community safety and the containment of the COVID19 pandemic. 

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## In Worship 

The year saw significant impact upon public worship with substantial periods during which places of worship were closed either by Government instruction or by local agreement in response to local circumstances. For longer periods during the year, what public worship was possible was limited by social distancing regulation, for example distanced seating and no singing. 

## We have achieved our objectives in the following ways: 

- v regularly monitoring the impact of restrictions generated by the pandemic v encouraging the development of ‘online’ Opportunities for worship, for example Zoom and YouTube services 

- v reviewing the circumstances and opportunities where churches are threatened with closure to ensure best use of the resources available 

- VY through the work of the District Mission Enabler we have responded to requests for help in reviewing and developing how individual congregations serve their local communities through worship and action 

- v receiving reports from the two Ecumenical Officers and identifying local priorities and monitoring local ecumenical projects 

- vv _where church buildings, either through very high maintenance costs or through a need for substantial investment costs cannot be sustained, encouraging and supporting worship in other public buildings or as house groups 

## In Learning and Caring 

- Y working in partnership with the Regional Learning Network to deliver a range of training opportunities for ministers, lay staff and office holders 

- v maintaining effective Supervision arrangements for Ministerial staff. 

- Y supporting Ministers in their initial appointments and reflecting with them on their development. 

- v aligning the work of the District Safeguarding Officer and District Safeguarding Group with developments led by the Connexional [national] Safeguarding Team. 

- Y providing advice and guidance to those church communities faced with issues arising from Safeguarding. 

- Y andworkingbenefit together with the Cornwall & Isles of Scilly District to identify areas of co-operation 

- Y work to implement the response to the General Data Protection Regulations, as led nationally by the Trustees for Methodist Church Purposes 

## In Service 

Muchofthe District’s service to the community has been constrained by the closure of church premises from which services are provided. None the less some work, for example, support for Foodbanks and Food Hubs has increased. Where possible, work with some groups has transferred online enabling service to continue. 

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We have achieved our objectives in the following ways: 

- v through the District Grants Committee, making grants to enable: o the appointment of youth workers, children and family workers, outreach workers, a university chaplain, a rural support worker and a Methodist Deacon 

- O property refurbishment 

- VY o the growth and development of the Christian Communities in Conversation project joining with other denominations in the planning and growing of new Christian communities in major housing developments 

- v sharing in ecumenical planning for major population growth associated with the development of the Hinkley C power station in Somerset. 

- Y growing our engagement with the Cuttack Diocese of the Church of North India as part of our investment in the world-wide Church 

- Y supporting the appointment of a growing number of lay employee posts within Circuits to support work with children and families; young people and pastoral ministry 

- Y_working to improve communication across the District by a developing the website and better use of social media 

## In Evangelism 

- Vv through the work of the District Mission Enabler, responding to local requests to take stock of local churches activities and effectiveness 

- Y growing the potential of the Messy Church network to support parents and children and, where possible, moving activity online 

- v working together with the Connexional Evangelism and Growth Team 

- Y developing the Christian Communities in Conversation project, giving particular attention to the online training and development of facilitators 

## Performance 

The District has supported substantial work in churches and Circuits to respond to the constraints and opportunities offered by the impact of the COVID pandemic. At the time of this report it is difficult to gauge the impact of lockdown and other regulation but the District Executive maintains regular monitoring of the situation. 

During the year we took steps to encourage and strengthen leadership, both at District level and in Circuit Leadership Teams. As agreed in 2018-19, the findings of the District Review commissioned by the Connexional Team have been used in discussions with other Districts in the South West. This was reinforced by the 2020 Conference decision to review the function and boundaries of Districts. 

Work identified in 2018-19 with the Cornwall & Isles of Scilly District has resulted in a pilot Human Resources project and continued conversation about future opportunities. 

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The decision to improve the District website and use of Facebook has been maintained and proved particularly helpful in the circumstances of 2019-20. 

In these ways the District Policy Committee seeks to demonstrate its accountability as a body of Trustees, on behalf of the District Synod. 

## Financial Review 

The Trustees are pleased to report that during the year to 31st August 2020 the District received incoming resources totalling £342,656 (2019: £341,378). The financial support received from Connexional Funds were used to fund grants and expenditure of £328,743 (2019: £273,188). 

Almost half of the District funding has come from Circuit Model Trust Funds and the Connexional Advance and Property Fund. These amounts are received annually into our District Advance Fund. Although this is an unrestricted fund, the Plymouth & Exeter District has currently chosen to hold these funds solely for the purpose of making grants to projects to further the aims of the Methodist Church and not to use them for District administration and other more general purposes. This year we made grants from this Designated fund totalling £123,500 (2019: £59,000) to churches and Circuits. A further £61,000 (2019: £78,000) has been granted to District projects. 

Funding from Circuits has increased by 2% this year (2019 2% decrease). We continue to work towards the future, looking to ensure the District is adequately resourced but to also keep in mind the need for the contributions from Circuits to be affordable. In the year to 31st August 2020 the General Fund accumulated a surplus of £20,455. In view of the impact of COVID-19 on Circuit finances, it is intended to use District Funds to alleviate hardship, wherever possible. The District proposes to make every effort to reduce overall contributions by passing on the benefit of expected reductions in the Connexional Assessment. 

The Trustees continue to keep the finances of the District and related policies under review, 

## Investment Policy 

To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes (TMCP). TMCP acts as Custodian Trustee for all real estate held by Districts; all large (over £20k) bequests and for the proceeds of sale of any property formerly owned within the District. These sums are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FTSE100 index. The deposit income mirrors the deposit rates available elsewhere. 

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The Plymouth & Exeter Methodist District Trustees’ investment policy is aligned with that of the Central Finance Board of the Methodist Church (CFB) and TMCP because these organisations take into consideration the social, environmental and ethical considerations (both negatively and positively) that make investments suitable for the Methodist Church. Short term deposits are lodged directly with the CFB and attract good rates of interest. There are no benchmarks for the expected returns or appreciation on investments at TMCP and CFB. 

It is the District’s policy to manage the cash and investment resources of the District so that a rate of return on investment - both by way of dividend and capital appreciation - is obtained at least as good as market rate, considering the District’s low appetite for risk and its ethical preferences. 

## Reserves Policy 

The Reserves of a charity are defined as that part of a charity’s unrestricted funds that are freely available to spend on any of the charity’s purposes. This definition excludes Restricted Funds, although holding such funds may influence a charity’s Reserves Policy. Reserves will also normally exclude tangible fixed assets such as land, buildings and other assets held for the charity’s use. It also excludes amounts designated for essential future spending. 


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|---|---|---|---|---|---|---|
|Our General|Fund|reserves|are|as follows:|2019/20|
|£|
|Total|General|Fund|value|700,061|
|Less|Funds|not|freely|available|
|Land|and|Buildings|held|for|District use|575,000|
|Loan|to the|Mint Methodist|Church|3,158|
|Freely available General|Fund|Reserves|121,903|

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Our agreed General Fund Reserves Policy is to ensure that we maintain a reserve equal to six months anticipated average expenditure, including Manse maintenance and repair costs. The Trustees consider this the minimum level of Reserves needed to maintain the ongoing financial stability of the District. Based on our expenditure in 2019-20, this requires a reserve of £61,465. 

The current General Fund Reserves exceed this amount by £60,438. This will be used in the coming years to reduce Circuit Assessments and further fund District projects. 

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Unrestricted funds are also held in the District Advance Fund. These designated funds are currently used to make grants in support of personnel and property projects of our churches, Circuits and the District. Where a grant has been approved, the full amount made available is treated as a liability of the District until it is paid. There is no requirement to hold Reserves in this fund. Where there is an amount unallocated at the end of any year, this is carried forward to the next year. 

## Structure, Governance and Management 

The District is an unincorporated association and is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charity Commissioners on 12th March 2010. 

## Structure 

Circuits are the coordinating charities for local groups of churches; Circuits pay the stipends of the ministers and employ lay staff to serve the churches in the Circuit; most decisions are made at - or ratified by - the half yearly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circuits and makes its decisions at the half yearly Synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist churches. 

## 1. Overall regulatory authority rests with the Methodist Conference. 

2. The Connexional Team implements decisions made by the Conference and is also responsible for the oversight of the stationing of presbyters and deacons (collectively known as ‘ministers’) in individual Circuits within the District. 

3. Connexional decisions are passed to the Chair of the District and the appropriate Officers of the District, for implementation. 

4. The District passes control to Circuits for local implementation by the Superintendent Minister, ministerial staff and Circuit Stewards. Authority is delegated to the Circuit Meeting for certain matters. 

5. The Circuit Meeting passes regulatory control to Church Councils for local implementation by the presbyter, Church Stewards and other Officers. This regulatory authority is then exercised by Church Councils as Managing Trustees of their charity. 

## Purpose of the District 

The District is an expression, over a wider geographical area than any Circuit, of the Connexional character of the Methodist Church. 

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The purposes of the Methodist Church are and shall be deemed to have been, since the date of the union, the advancement of: 

a. the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and 

b. any charitable purposes for the time being of any Connexional, District, Circuit, local church or other organisation of the Methodist Church, and 

c. any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and 

d. any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church. 

The primary purpose of this District is to advance the mission of the Church in the Plymouth & Exeter District by: 

- i. providing opportunities for Circuits to work together and support each other 

- ii. offering to Circuits resources of finance, personnel and expertise. 

The District serves the local churches and Circuits and the Conference in the support, deployment and oversight of the various ministries of the Church and in programmes of training. 

## Governance 

The District operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. It relies on the Connexional Team at Methodist Church House, 25 Marylebone Road, London NW1 5JR to provide guidance on changes that could affect the District. 

The members of the District Policy Committee (DPC) are annually appointed by a vote of the Synod for a continuous term not normally exceeding six years. The Chair of District is ex officio chair of the DPC. Whena position becomes vacant on the DPC, nominations are invited from ministers and lay members of Circuits within the District. The Chair of the District then shares information with nominees as to what the role involves. Ifa person wishes to be considered for a role, their name and a reasoned statement are considered by the DPC and the District Synod for appointment. 

The District Policy Committee normally meets three times per year and deals with routine and exceptional matters. It oversees the work of: 

- © The District Executive e The District Treasurer 

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- © = The District Safeguarding Group * The District Property Committee : 

- ® The District Grants Committee e Manses Committee 

- © Chair’s Manse Committee 

- ¢ The Ecumenical Officers ° The District Mission Enabler’s Management Committee ¢ The Rural Support Worker’s Management Committee ¢ The Regional Candidates’ Committee 

- ¢ The District Probationers’ Committee e® Local Preachers ° The World Church Committee 

- © Rural Issues 

- ° The Lay Employment Committee ¢ Methodist Women in Britain ° Joint working with the Regional Learning Network 

## The responsibilities of the District Policy Committee 

i. to formulate and promote policies which will advance the mission of the Methodist Church in the Circuits and local churches and, in particular, to oversee the use of resources of personnel, property and finance and to assist churches and Circuits who may be experiencing exceptional problems ii, to encourage inter-Circuit and ecumenical co-operation 

iii. to act in an executive capacity in matters remitted by the Synod 

iv. to keep within its purview all District concerns not dealt with elsewhere 

v. to contribute and respond, as the case may be, to the development of Connexional policies as reflected in the work of the Conference and the Methodist Council, and to Carry out its other responsibilities with any such development in mind 

vi. constantly to be aware of the public benefit guidance issued by the Charity Commission 

## Recruitment and Training of Trustees 

New Trustees are appointed from within the membership (ordained and lay) of the Methodist churches and Circuits of the District. In making each appointment, care is taken to ensure the new Trustee has the skills and experience needed to fulfil the responsibilities of their role and safer recruitment procedures are followed. Appointments are made by the District Synod following nomination by the District Policy Committee, after a recruitment process has taken place. Please see the Trustees list below. 

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## Reference and Administrative Details 

The name of the Charity Plymouth & Exeter Methodist District 

Charity registration number 1134878 

Principal Office The District Office, The Mint Methodist Church, Fore Street, Exeter EX4 3AT 

Chair of the District Revd. Canon Graham Thompson 

Secretary of the Synod Ms. Jane Allin 

Secretary of the Presbyteral Synod Revd. Paul Smith District Treasurer Mrs. Marianne Barrett Rogers 

## Names of Trustees: 

The Trustees who served during the period and to the date this report are: 

Jane Allin . 

Marianne P Barrett Rogers (appointed 1st September 2020) Paul Booth 

Susan M Bolt 

David A Clitheroe 

## MargaretJ Fogarty 

Kevin P Hooke 

Stuart A Innalls 

Simon H Leigh (appointed 1st September 2020) 

Mary L McNaughton 

Rachel A Mitchell (resigned 31st August 2020) 

Roy G Mitchell 

Michael Parsons 

## Graham Thompson 

Andrew T Vidamour 

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## Philip Wagstaff (resigned 31st August 2020) 

The Managing Trustees for the District are the members of the District Policy Committee. No Trustee claims exemption from disclosure of his or her name here. 

Bankers CAF Bank Ltd. Central Finance Board of the Methodist Church 25 Kings Hill Avenue 9 Bonhill Street Kings Hill London West Malling EC2A 4P£ Kent M019 4JO 

## Independent Examiner 

Mr. D. Cresswell ACA Thomas Westcott Chartered Accountants, 47 Boutport Street, Barnstaple, Devon FX31 15Q 

## Approval 

This report was approved hy the Trustees on the date below and is Signed on their behalf by: 

(: j Revd. Canon Graham Thompson District Chair Date: ived Sone olod | 

Mrs Marianne Barrett Rogers District Treasurer 

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Plymouth Exeter Methodist District Registered Charity Number: 1134878 

## Declarations 

i confirm that these accruals-based accounts for the year to 31 August 2020 have been prepared from Committee.the records of the District and that they include all funds under the control of the District Policy 

## Signature of Treasurer 


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Name of Treasurer Mrs Marianne Barrett Rogers Address Lower Buckland Lodge, Poundsgate, Newton Abbot, Devon. TQ13 7NU 

Date: 23rd June 2021 

## Presentation to the District Policy Committee 

| confirm that the annual report and accounts for the year ended 31 Aupust 2020 were presented to the District Policy Committee on 27th February 2021 

## Chair of the meeting 


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Name of the Chair 

Revd. Canon Graham Thompson 

Date: 23rd June 2074 

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## Independent Examiner’s Report to the Trustees of the Plymouth & Exeter Methodist District 

The District’s trustees are responsible for ensuring that the annual report and accounts for the year to 31 August 2020 present a true and fair view of the District’s income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not necessary for this year under section 144 of independent examination is needed. the Charities Act 2011 and that an 

## It is my responsibility to: 

- v examine the accounts under section 145 of the Charities Act 2011 ¥__ follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 

- v _ state whether particular matters have come to my attention. 

## Basis of Independent Examiner’s Report 

My examination was carried out in accordance with the 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 with those records. It also includes consideration of any unusual items, in nature or scale, or disclosures in the accounts, seeking explanations from the trustees concerning 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. My report is limited to those matters set out in the statement below. 

## Independent Examiner’s Statement 

Since the Charities gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies. 

In connection with my examination, no matter has come to my attention 

- (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 2011 and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011 have not been met, 

- (2) or that the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities, 

- (3) or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

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- (4) Ihave not obtained independent verification 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 excess of £10,000 (ten thousand pounds) at the balance sheet date. 

| have no concerns 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 proper understanding of the accounts to be reached. 

## Signature of independent examiner 

## ‘) f ACK \ NCU 

Name of independent examiner Relevant professional qualification Name of firm Address 

David Cresswell Chartered econ Thomas Westcott Chartered Accountants 47 Boutport Street, Barnstaple, Devon EX31 5SQ 

Date 

A )o| 2 

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Registered Charity Number 1134878 

## Plymouth & Exeter Methodist District Statement of Financial Activities (SOFA) For the year ended 31 August 2020 

|||General<br>funeesaieesay|DistrictAdvance<br>inna subees|Designated<br>(unrated)|Restricted<br> eon||Total<br>pokes|ala|
|---|---|---|---|---|---|---|---|---|
||Notes||||||||
|Income from:||£|£|£|£||£|£|
|Donations and legacies<br>Charitable activities||-|-|623|15,224||15,847|26,031|
|||-|||||||
|Investments<br>Other||1,681|7,128|:|292||9,096|4,818|
|AssessmentsonCircuits<br>From CircuitModelTrustFunds<br>Contribution to the costof the Chair<br>Contributions to other staff costs|4<br>5|94,838<br>-<br>41,181<br>#|=<br>155,126<br>-<br>-|:<br>-<br>-<br>-|-<br>-<br>-|‘<br>‘|94,838<br>155,126<br>41,181<br>*|96,726<br>136,194<br>40,040<br>-|
|Grants from Connexional Funds||-|-||||||
|Other<br>income<br>ios|6|2,568|=|-<br>“|-<br>24,000|;|-<br>26,568|35,169<br>2,400|
|Expenditure|||||||||
|Grantsanddonations<br>Salaries andassociatedcosts<br>Property<br>Officeexpenses<br>Synods, meetingsand Conterence<br>Otheroutgoings|AL<br>8|-<br>88,235<br>4,911<br>4,942<br>2,740|123,500<br>-<br>-<br>-<br>:|-<br>60,033<br>5,227<br>348<br>110|610 <br>2,140 <br>.<br>434<br>1,248|:<br> :|124,110<br>150,408<br>10,138<br>5,724<br>4,098|68,874<br>140,387<br>12,344<br>6,074<br>5,532|
|Travelexpenses<br>Depreciation||5,988<br>-|-<br>-|2,365<br>-|5,150<br>-||13,503|26,742<br>-|
|Ecumenical contributions<br>Training<br>and Supervision<br>ProfessionalandAdministrationfees<br>Othercosts<br>Total Expenditure||4,056<br>-<br>=<br>5<br>4,056<br>3,940<br>210<br>-<br>-<br>2,896<br>3,106<br>2,756<br>3,187<br>606<br>-<br>-<br>3,793<br>5,553<br>44<br>“<br>567<br>9,196<br>9,807<br>987<br>114,313<br>124,106<br>68,650<br>21,674<br>328,743<br>273,189<br>—_——.<br>SOTA<br>828,743<br>273,189|||||||
|Netincome/(expenditure) before<br>gains and losses on investments||25,955|38,143|(68,027)|17,842||13,913|68,189|
|Gains/(Losses) oninvestmentassets<br>Netincome (expenditure)<br>Transfers betweenfunds<br>Other Gains orlosses|10|25,955<br>(5,500)|38,143<br>(61,000)|(68,027)<br>66,554|105<br>17,947<br>(54)||105<br>14,018<br>-|614<br>68,803<br>-|
||||||||-||
|Net<br>movement infunds||-<br>20,455<br>(22,857)<br>(1,473)<br>17,893<br>14,018<br>68,803<br>en<br>es<br>14,018<br>68,803|||||||
|Reconciliation of funds:|||||||||
|Totalfunds brought forward<br>Totalfunds carried forward||679,606<br>700,061<br>oa|34,107<br>159,145<br>11,250<br>157,672<br>TE||86,568<br>104,461<br>OEAGT||959,426<br>973,444<br>973,444|890,623<br>959,426<br>959,426|



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Registered Charity Number 1134878 

## Plymouth & Exeter Methodist District 

## BALANCE SHEET 

## AS AT 31 AUGUST 2020 

||General<br>District<br>Designated _Restricted<br>Notes<br>Fund<br>Advance Fund<br>Funds<br>Funds<br>TOTAL2019-<br>Unrestricted<br>Unrestricted<br>Unrestricted<br>Restricted<br>20<br>£<br>£<br>£<br>£|General<br>District<br>Designated _Restricted<br>Notes<br>Fund<br>Advance Fund<br>Funds<br>Funds<br>TOTAL2019-<br>Unrestricted<br>Unrestricted<br>Unrestricted<br>Restricted<br>20<br>£<br>£<br>£<br>£|TOTAL<br>2018-19<br>£|
|---|---|---|---|
|Tangible FixedAssets|11|||
|Manse<br>Investments<br>TotalFixedAssets|12|y<br>575,000<br>575,000<br>575,000<br>y<br>16,890<br>16,890<br>16,785<br>|a<br>aa<br>gc<br>nl =<br>575,000<br>-<br>:<br>16,890<br>591,890<br>591,785<br>ES||
|Current Assets||||
|Debtors<br>and Prepayments<br>Central Finance Board and|13|r<br>6,002<br>-<br>73<br>6,075<br>"|9,060|
|Trustees forMethodistChurch<br>Purposes Deposits||98,107<br>213,250<br>157,763<br>88,406<br>557,526|513,659|
|CashatBankand inhand<br>TotalCurrent Assets<br>Current Liabilities||23,673<br>3<br>F<br>2<br>23,673<br>19,846<br>OT<br>eee<br>ae<br>127,782<br>213,250<br>157,836<br>88,406<br>587,274<br>542,565<br>SS<br>ee<br>IYPAE<br>8S||
|CreditorsandAccruals<br>(due in under1 year)|14|2,721<br>118,000<br>164<br>835 ”<br>121,720|96,424|
|NetCurrentAssets||Ve<br>Le. eS<br>Ga<br>125,061<br>95,250<br>157,672<br>87,571<br>465,554<br>446,141<br>iat<br>a RD||
|TotalAssetsless<br>Current Liabilities||r<br>r<br>r<br>r<br>ld<br>700,061<br>95,250<br>157,672<br>104,461<br>1,057,444<br> a|r<br>1,037,926|
|Long term Liabilities||||
|Grants<br>payable<br>NetAssets|14|r<br>-<br>84,000<br>-<br>~<br>84,000<br>Sanna ©<br>og<br>eee<br>700,061<br>11,250<br>157,672<br>104,461<br>973,444<br>Re<br>ees|78,500<br>2<br>959,426<br> ——|
|Funds of the District||973,444||
|General Fund<br>District AdvanceFund<br>Designated<br>Funds|15|i<br>700,061<br>-<br>E<br>-<br>700,061<br>r<br>-<br>11,250<br>-<br>-<br>11,250<br>id<br>-<br>-<br>157,672<br>-<br>157,672|679,606<br>34,107<br>159,145|
|Totalunrestrictedfunds<br>Restricted Funds<br>Endowment Funds|15|700,061<br>11,250<br>157,672<br>-<br>868,983<br>rr<br>REY<br>:<br>-<br>-<br>104,461<br>104,461<br>-<br>-<br>“<br>.|872,858<br>872,858:<br>86,568|
|TotalFunds|.<br>Ea<br>oS <br>700,061<br>11,250<br>157,672<br>104,461<br>973,444<br>ee||”<br> ———<br>959,426<br>eee|



19 



## NOTES TO THE ACCOUNTS 

## 1 Accounting framework and accounting policies i Accounting framework The financial statements have been prepared under the Charities Act 2011 in accordance with the 2015 Charities SORP (FRS1 02) and in accordance with the ‘true and fair override’ provision contained therein. 

## ii Public benefit entity 

The Plymouth & Exeter Methodist District meets the definition of a public benefit entity under FRS 102. statedAssets and liabilities are initially recognised at historical cost ortransaction value unless 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, on the accruals basis to show a true and fair view of the District's financial position and activities. 

## iv Content 

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

## v Going concern 

Based on the monetary assets and human resources available at that 31 August 2020, the trustees believe the District is a going concern. Despite the COVID pandemic the Circuits have managed to meet the allocated assessments and early indications suggest that the same will be true in the coming year. vi Consolidation 

The District oversees the work of ministers and lay workers in Churches and Circuits within the District but does not have control over those Circuits or Churches, ministers or lay workers except circumstances, in extreme and none of which were applicable. For this reason, the financial statements of the Churches Circuits within the District are notconsolidated into these financial statements. 

## vii Income recognition 

Income is brought into account when it is more likely than not that the economic benefit accrue of the income will to the Plymouth & Exeter Methodist District, No attempt is made to measure the value of services donated byvolunteers. Details of how the contribution to the cost of the District Chair has been determined appears in Note 5. Asimilar figure appears in the Expenditure at Note 8. consideredIndividual amountsmaterial.categorised as Other income in the SOFAwill be shown Separatelyif they are 

The District acts as agentin four matters: 

1. the collection of quarterly assessments from circuits which are paid to the Methodist Church Fund 2. the paymentof expenses of delegates from the District to the Methodist Conference 

3. the collection taken at the spring synod on behalfof the Methodist Minsters’ Children's Relief Fund 4. the cost of ministerial health checks recovered from Circuits 

In all these matters the transactions are not reflected in the SOFA because there is no obligation on the District to make up any shortfall in assessments from Circuits. Sums received as Circuit assessments cannot be recognised as income in the District as they are the income of the MCF, 

In accordance with the Charities SORP (FRS102), the time of volunteers is not recognised. 

20 



## Notes to the Accounts (Continued) 

viii Expenditure Thispaymentis recognised when a liabilityis incurred, or a constructive obligation arises, that results in the being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered morelikely than not under the legal or constructive obligation committing the District to pay ix Grants Grants are recognised in full when the award is made once the District accepts that there is a legal or constructive obligation to make the payment and that such paymentis probable. Where it becomesclear thata paymentis possible, not probable, then a liability recognised for thecommitmentis not and the funding commitmentis disclosed as a contingent liability. x VAT Since the District is not VAT registered, all input VAT is charged with the expenses to which it refers. xi Tangible fixed assets These are capitalised if they can be used for more than one year, and individually Thedeemedfreehold propertyisshown in the accounts at 201 5 deemed value, of which thecost landat componentis least £1,000. current to be £275,000. No depreciation is provided on the building because the trustees considerthe useful residual fair value of the manse buildings (on the assumption that it had reached the end of its economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment. xii Investments The investments of the Plymouth & Exeter Methodist District are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The19 unrealisedWalaws gains arising on investments at the end of the year are shown in the SOFA and in Note xiii Debtors and creditors; bank and cash settlementDebtors are stated at the amounts owed to the Districtor prepaid. Creditors are initially recognised at District. amount after any trade discounts, where normal credit terms apply, or amount advanced to the 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 account balances are shown at the realisable values. xiv Loans Where concessionary loans (i.e., free of interest) are made to (or received by) the District to further its charitable purposes, and are repayable after more than one year, they are initially recognised at the amount paid (or received), with the carrying value adjusted in subsequent years to reflect repayments and any accrued interest, adjusted for any impairment, if necessary. xv Methodist Church Fund Theand District acts as agentfor the Methodist Church Fund (MCF) by collecting its assessments on Circuits does not, therefore, include the assessments in the SOFA. Ifa Circuit is late in paying its MCF assessmentpaid to the District but such sum is received before the quarterly transfer to the MCF, the amount late will be shown as a debtor in the District’s accounts. 

xvii Ministers’ manse costs TheDistrictDistrictis required to provide accommodation for our ministerial Chair and his / her family. The These bears the cost of repairs, maintenance, building insurance, Council Tax and water charges. these receiptscosts arein thenot handsshown separatelyof the Ministers. as benefits -in-kind for Ministers as HMRC does not seek to tax 

21 



## 2 Comparative Figures 

The financial statements on pages 15-16 only show the total com parative figures for 2019. To enable better 2019understanding ofthe District's financial reporting the Statement of Financial Activity and Balance sheet for have been reproduced, in full below. 

Plymouth & Exeter Methodist District Statement of Financial Activities (SOFA) For the year ended 31 August 2020 


**----- Start of picture text -----**<br>
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|General|District|Advance|Designated|Restricted|Total|
|ln teat iol )|ieueayaan|Ciena|etree|eae|ee|pee|
|Notes|
|Income|from:|£|£|£|£|£|€|
|Donations and|legacies|-|-|623|15,224|15,847|26,031|
|Charitable|activities|-|
|Investments|1,681|7,123|-|292|9,096|4,818|
|Other|
|AssessmentsFrom|on|Circuits|4|94,838|-|-|-|;|94,838|96,726|
|Circuit Model|Trust|Funds|-|155,126|-|-|165.126|136,194|
|Contribution|to|the|cost of the Chair|5|41.184|-|-|-|:|41.184|40,040|
|GrantsContributions from Connexionalto|other|staff Fundscosts|--|--|--|--|--|35,169-|
|Other income|6|2,568|-|-|24,000|;|26,568|2,400|
|Toul|
|Expenditure|
|Grants and|donations|7|-|123,500|-|610|i|124,110|68.874|
|Salaries and|associated|costs|8|88.235|+|60,033|2,140|i|150,408|140,387|
|Property|4.911|-|$227|-|10,138|12,344|
|Office expenses|4.942|-|348|434|5.724|6,074|
|Synods, meetings and Conference|2,740|-|110|1,248|4,098|§,532|
|Other|outgoings|
|Travel expenses|6,988|-|2,365|5,150|13,503|26,742|
|EcumenicalDepreciationcontributions|4,056-|--|--|-:|4,056-|3,940-|
|Training|and|Supervision|210|-|-|2,896|3,106|2,756|
|Professional and Administration fees|3,187|606|-|-|3,793|6,553|
|Other costs|44|-|587|9,196|9,807|987|
|Total Expenditure|114,313|124,106|68,650|21,674|328,743|273,189|
|Net|é|
|gainsincome/(expenditure)and|losses|on|investments before|25,955|38,143|(68,027)|17,842|13,913|68,189|
|Gains/(Losses) on investment assets|105|105|614|
|Net income|(expenditure)|25,955|38,143|(68,027)|17,947|14,018|68,803|
|Transfers between|funds|10|(5,500)|(61,000)|66,554|(64)|-|-|
|Other Gains|or|losses|
|Net movementin funds|20,455|(22,857)|(1,473)|17,893|14,018-|68,803-|
|Reconciliation|of funds:|
|Total funds|brought fonvard|879.606|34,107|159.145|86,568|959,426|890,623|
|Total funds|carried|forward|700,061|11,250|157,672|104,461|973,444|959,426|

**----- End of picture text -----**<br>


22 



## Plymouth & Exeter Methodist District BALANCE SHEET 

## AS AT 31 AUGUST 2020 

|Tangible Fixed Assets|General<br>District<br>Designated<br>Restricted<br>Notes<br>Fund<br>AdvanceFund<br>Funds<br>Funds<br>TOTAL2019-<br>Unrestricted<br>Unrestricted<br>Unrestricted<br>Restricted<br>20<br>£<br>£<br>£<br>€<br>1|General<br>District<br>Designated<br>Restricted<br>Notes<br>Fund<br>AdvanceFund<br>Funds<br>Funds<br>TOTAL2019-<br>Unrestricted<br>Unrestricted<br>Unrestricted<br>Restricted<br>20<br>£<br>£<br>£<br>€<br>1|General<br>District<br>Designated<br>Restricted<br>Notes<br>Fund<br>AdvanceFund<br>Funds<br>Funds<br>TOTAL2019-<br>Unrestricted<br>Unrestricted<br>Unrestricted<br>Restricted<br>20<br>£<br>£<br>£<br>€<br>1|TOTAL<br>2018-19<br>£|
|---|---|---|---|---|
|Manse<br>Investments<br>TotalFixedAssets||12|r<br>575,000<br>575,000<br>La<br>16,890<br>16,890<br>i sane cee<br>ae<br>ae<br>575,000<br>.<br>.<br>16,890<br>591,890<br>een|575,000<br>16.785<br>|<br>ee<br>591,785<br>|NOTED|
|Current Assets|||||
|Debtorsand Prepayments<br>Central Finance Board and|13||6,002<br>:<br>73<br>"<br>6,075<br>i|9,060|
|Trustees forMethodistChurch<br>Purposes Deposits|||98,107<br>213,250<br>167,763<br>88,406<br>557,526|513,659|
|Cash atBankand in hand<br>TotalCurrentAssets<br>Current Liabilities|||23,673<br>.<br>.<br>.<br>23,673<br>127,782<br>213,250<br>157,836<br>88,406<br>$87,274<br>a<br>ac|19.846<br>542565<br>eee.|
|CreditorsandAccruals<br>(due in under 1 year)|14||22)<br>118.000<br>164<br>835 "<br>121,720|96.424|
|NetCurrentAssets<br>TotalAssetsless<br>Current Liabilities|||RR arm<br>|<br>125,061<br>95,250<br>157,672<br>87,571<br>465,554<br>446,141<br>Se|AO<br>¥<br>La<br>ia<br>r<br>r<br>r<br>700,064<br>95,250<br>157,672<br>104,461<br>1,057,444<br>1,037,926||
||||NS||
|Long term Liabilities|||||
|Grants<br>payable<br>NetAssets|14||¥<br>.<br>84,000<br>-<br>.<br>84,000<br>700,061<br>11,250<br>157,672<br>104,461<br>973,444|78.500<br>959,426|
|||||SE|
|Funds ofthe District|||973,444||
|General Fund<br>District<br>AdvanceFund<br>Designated Funds|15||"700.061<br>‘<br>:<br>:<br>700.064<br>es<br>11,250<br>.<br>-<br>11,250<br>.<br>ext<br>157.672<br>-<br>157.672|679.606<br>34,107<br>189.145|
|Totalunrestrictedfunds<br>Restricted Funds<br>Endowment Funds|15|700,061<br>11,250<br>157,672<br>-<br>868,983<br>——————<br>inn <br>.<br>:<br>104,461<br>104,461<br>.<br>*||872.858<br> BSS<br>86,568|
|TotalFunds||#<br>‘<br>‘<br>a<br>ns<br>700,064<br>11,250<br>157,672<br>104,461<br>973,444<br>ee||-<br>|aA<br>959,426<br>SS|



23 



3 Assessments on Circuits ThenumberCircuit assessmentin due to pay on eachto the MCFCircuit andis annuallyis calculated determined by referencebytheto theDistrict. numberThisofincludesstaffin thethe Circuits amount and each the of Church members but may also take into account a Circuit's abilityto pay. The District is made up of the following Circuits: 


**----- Start of picture text -----**<br>
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Circuit Name|Circuit No|Circuit Name|Circuit No|
|Plymouth and Devonport|24/01|Tiverton and Wellington|24/16|
|Plymouth|Methodist|Mission|24/02|South|Petherton|and|Crewkerne|24/18|
|Exeter,|Coast and|Country|24/03|Ilfracombe and|Barnstaple|24/20|
|Tavistock|24/07|South|Molton|and|Ringsash|24/22|
|Torbay|24/08|— Torridge|24/23|
|South|Devon|24/10|West Devon|24/24|
|Bude|and Holsworthy|24/11|West Somerset|24/25|
|Taunton|Deane|and|Ringsash|24/27|
|South Sedgemoor|24/15|Teignbridge|24/28|
|4|Contribution|to|Methodist Church|Fund|(MCF)|
|a|a|re ee|le|ee|
|In|addition|to the assessments|on|the|Circuits|to fund|the costs|of running|the|District,|the|District acted|as|
|agent for|the|Methodist Church|Fund which|levied assessments|on|the|Circuits|in|this|District totalling|
|£497,413|(2018/19: £474,737)|all|of which were collected or shown|as|debtors|at the end|of the year and|
|servicepaid|overto the MCF in the year.|No balance was|held|at the end of the|year; no fee|is|received|for this|
|MCF|which|is|performed|at nearly nil cost to the|District.|These sums|collected|for and|remitted to the|
|do|not appear elsewhere|in these|financial|statements.|

**----- End of picture text -----**<br>


## 5 Cost of Chair and Trustees 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|theThe|Chairof|District chairs|meetings|of the|District Policy Committee (DPC).|The members|of the DPC are|
|of|trustees|of the|District.|The stipend,|employer's|NIC and employer's|pension|contributions|of the Chair|
|District|are|paid|by the|Methodist Connexion.|The|Chair's|other costs|are metby|the|District.|
|2019/20|2018/19|
|Stipend|£|£|
|to|Chair|31230|30371|
|Employer's|National|Insurance|Contribution|3110|3017|
|Apprenticeship|levy|156|151|
|Employer's|pension|contribution|(defined|benefit scheme)|6685|6501|
|Cash|cost paid|by the Connexion|(see,|SOFA,|line|7)|-41181|-40040|
|Notional|estimate|of cost of providing|Manse|21,000|21000|
|Chair's|expenses|3124|4949|
|e|e|ee ec|e|
|Total|cost|
|24124|28145|
|eeen|I|
|Since the stipend-related|costs|above|of £41|1181|(2018/19: £40,040 are borne|by|
|appear|the|Connexion, they|
|District|both|in the Incomeofthe|District and the Expenditure|of the|District (See Note|8).|The Chair of|
|is|the sole|paid|key|management person|butis|supported|by members|of the|DPC.|
|ItPlymouth should be|noted that the chair is|required to|occupy the|District manse.|The manse|is|provided|bythe|
|&|Exeter Methodist|District and|the|District maintains|the|property.|The sum|of £21,000 was|
|determined by enquiry of a|local property|surveyor|in 2017/18. The trustees|to|not consider that this|has|
|changed|materially|since 2017/8 and so remains|unchanged this|year. This|figure does|not appear|
|elsewhere|in|these|accounts.|
|No accrual|is made for the|Chair’s|entitlementto|a sabbatical as|his|/her|functions|are undertaken jointly by|
|the|Deputy Chairs|at minimal|extra|cost|to|the|District.|

**----- End of picture text -----**<br>


24 



## Payment to Trustees 

inItis District policyto offerto reimburse members ofthe District Policy Committee (DPC) and others involved the administration of District affairs for expenditure properly incurred in carrying out their duties. The Chair of the District undertakes the primary executive role within the District. Apart from the Chair, noone on the DPC was in receipt of any payment for work undertaken on behalf of the District, although certain travelling and administration costs were reimbursed whenever this was requested. Most trustees are not employees of the District. Expenses have been reimbursed to some 5 (10 in 2018/19) volunteer trustees (members ofthe DPC) who, in aggregate, have received the following: 

||||||2019/20|2018/19|
|---|---|---|---|---|---|---|
||TravelonDistrict business||||1889|5739|
||Administration and otherre-imbursedexpenses||||1235|127|
||||||3124|5866|
||employee:||||||
||Traveland hospitalityon Districtbusiness<br>Administration and otherre-imbursed costs<br>‘||||1636<br>4949<br>1469<br>653<br>a<br>ee<br>Ee||
||Total expenses paid to trustees<br>Totalnumberoftrustees paidexpenses||.||3105<br>5602<br>a<br>Eee<br>6229<br>11468<br>5<br>10||
||||||ee<br>a eee<br>eee, Meer||
|6|Other income<br>SS<br>ar<br>ye ee||||||
||TheDistrict does notcurrentlyundertake anyfundraising.The"OtherIncome"shown on theSOFArelates<br>the use ofpartof the districtoffice byanother local charity.|||||relates to|
|7|Grants, donations and related Support||costs||||
||Grantsand donationstotalling£124,110weremade duringthe <br>in the table below.|||year(2018/19:|(2018/19: £68,874)|asshown|
||||||2019/20|2018/19|
||Unrestricted:||||||
||- From DMTF|To Church projects|||30000|61000|
|||To Circuit projects|||75500|22500|
|||Returned unused from projects|||-6000|-36500|
||Subtotal|To Circuits forprojects with other partners|||24000<br>12000<br>eee A ee<br>cn<br>123500<br>59000||
||||||a||
||||||2019/20|2018/19|
||Restricted:||||||
||-From CuttackAppeal Fund|To Church ofNorth|India||610|7584|
||- From EDEVFund|To individuals|||0|423|
||- From Ministerial Trainingfund|To individuals|||0|0|
||- From Youth Fund|To youthgroups|||0|1867|
||Sub total|||a<br>610<br>9874<br>se<br>ee|||
||Total|||124110<br>a||68874|



25 



In addition, funds were made available from the DAF to support District projects and funds as follows: 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|
|-|District Evangelism|Enabler|25000|45000|
|-|Fundraising|Advisor|0|3000|
|-|Rural|chaplaincy project|35000|25000|
|- Youth|Fund|1000|5000|
|aee|
|Total|61000|78000|
|eee|
|The|Rural Chaplaincy project has|now come|under|the|oversight of|the DPC and has|been|consolidated|into|
|these|accounts.|
|The Grants|Committee|is|aware|that Grant applications|must demonstrate|public|benefit.|
|The support costs|for grant-making|to|third|parties|are|notsignificant and so|are|not|separately|disclosed.|

**----- End of picture text -----**<br>


## 8 Salaries and associated costs 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|The salaries|and associated|costs|paid|to our chair, two|other|full time and three parttime|employees|over|
|he|last|two|years|were|as|follows:|
|2019/20|2018/19|
|Gross|pay|95464|88193|
|Employer's|pension|contribution|to|defined|contribution|scheme|5475|4618|
|Employer's|National|Insurance|contribution|7811|7097|
|Apprenticeship|lew|477|439||
|reDeea109227|100347ev|
|Costof|Chair|(see|Note|4)|41181|40040|
|Total staff costs|aee150408|137967|
|gee|
|Average weekly contractual|hours|of Staff members|165|159|
|aal|

**----- End of picture text -----**<br>


Most ordained ministers are members of the Methodist Ministers Pension Scheme (MMPS) which is a defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers are notem ployees of the church. However, for simplicity, when dealing with National Insurance Contributions and pension contributions the terms "employer" and employee are used as they would beif the church were an The Connexion accounts for theMMPS pension scheme and shows these figures in their annual financial Statements.implemented.This scheme is currentlyin deficit but a plan to correct this is in place and is being Methodist ChurchDetailsof Greatof theBritain. scheme can be found in the Consolidated Annual Report and Accounts of the Other District employees have the option to join our lay employee scheme administered through the Pensions Trust. This is a defined contribution scheme to which both the employee and District contribute. 

## 9 Fees for independent Examination of the accounts 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|2019/20|2018/19|
|Independent|Examiners|fees|for reporting|on|the|accounts|750|714|
|Other|fees|paid|to|the|Independent|Examiner|
|Total|amount paid|er750|714|

**----- End of picture text -----**<br>


26 



10 Transfer between funds a 

The following transfers were made to { from) the District Designated Funds during the yearto 31 August 202¢ 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Manse|Rural|DEE|Cuttack|Youth|Other|Total|
|From|Chaplain|
|From|General|Funds|5500|54|5554|
|/( To)|DAF|25000|35000|1000|61000|
|Total|To|O/rETE—S—S—S|61000|
|transferred|5500|25000|35000|0|0|1054|66554|
|eeIO|

**----- End of picture text -----**<br>


The equivalent amounts in the previous year to August 2019 were: 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Manse|Rural|DEE|Cuttack|Youth|Other|‘Total|
|Chaplain|
|From|General|Funds|9250|4600|3000|16850|
|From|/( To)|DAF|25000|45000|5000|3000|78000|
|Total|a|
|transferred|9250|25000|49600|3000|5000|3000|94850|
|reee|

**----- End of picture text -----**<br>


11 Tangible Fixed Assets 

SS 


**----- Start of picture text -----**<br>
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Manse|Other land|Fixtures,|fittings|Total|
|&bulldings|&|equipment|
|7y SL|5|yr SL|
|Cost|or|deemed|value|
|As|at|1|September 2019|and 2020|575000|98064|5990|679054|
|ESOS|
|Accumulated|depreciation|
|As|at|1|September 2019 and 2020|98064|5990|104054|
|a|
|Net|Book|Value|brought|forward|
|and carried forward|575000|0|0|575000|
|The|Manse was|revalued|on|31|August|2015|to|fair market value|and|this|is|the deemed|value|included|in|
|these|accounts.|Prior|to|this|the|Manse was|valued|at £313,811|which was|it's|insurance|value|as|at 31|
|August|2015.|
|The|land component|included|within|the|current deemed|Manse|value|is|£275,000.|

**----- End of picture text -----**<br>


## 12 Investment Assets 

## Sr 

The following investments are held in the Trustees for Methodist Purposes (TMCP) CFB Managed Fixed 2019.Interest Fund and the Trustees Interest Fund. These collective investments were revalued on 31 August 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Units|2019/20|2018/19|
|Trustees|interest|Fund|5501|5501|
|CFB|Managed|Fixed|Interest|Fund|5251|11389|11284|
|aee|
|Total|16890|16785|
|ees|
|Income|oe see|i|BL Sa|
|earned|on|Investments|for the|year|292|183|
|er|

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27 




**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Change|in the|carrying value|of Investments:|2019/20|2018/19|
|Carrying|value brought forward|16785|16171|
|Additions/ disposals|and income|less|expenditure|0|0|
|Unrealised|net (loss)|gain|on|revaluation|105|614|
|Carrying|eneeee ee|
|value|carried|forward|at 31|August 2019|16890|16785|
|eee eee|ea|ea|ee|ee|Oe|
|13|Debtors and|prepayments|
|aar|
|Debtors|were made up as|follows:|2019/20|2018/19|
|Loan|to the Mint Methodist church|3158|6415|
|Assessments|from|Circuits|0|0|
|Other debtors|2917|2645|
|Total|ene ee|aD Pa|SPT|A|
|(net)|6075|9060|
|a|
|14|Creditors|and|accrued|expenses|
|Amounts due|in|less|than|12 months|2019/20|106|
|Accrued|Expenses|3556|2996|
|Grants|payable|to|third|parties|118000|87013|
|Other|Creditors|
|164|5415|
|es,|
|121720|159162|
|ee|eee|
|Amounts due|in|more|than|12|months|
|Grants|payable to|third|parties|84000|78500|
|Aap|
|15|Funds|in|detail|
|a|a|a|ey|
|Opening|Incoming|Resources|Transfers|Closing|
|Designated|Funds|Balance|Resources|Expended|& adjs|Balance|
|Manse|Fund|
|repairRunningof thecosts,DistrictmaintenanceManse|and|5021|623|5297|9500|9917|
|Opening|Incoming|Resources|Transfers|Closing|
|Rural|Chaplaincy Fund|Balance|Resources|Expended|& adjs|Balance|
|Toordinator fund theprojectrural chaplaincy co-|50000|-28000|25000|50000|
|DEE|Fund|
|ToEvangelism fund the postEnabler of District|87124|-38423|35000|83701|
|Cuttack Fund|
|Topartnership facilitate the Cuttack Diocese|9000|9000|
|Youth|Fund|
|Ongoing|support of youth|work|5000|54|5054|
|and|young|people|in|ministry|
|Fundraising|support|
|provide|fundraising|advice|for|3000|-3000|0|
|churches|and|circuits|
|Total|r|dkgtaeSS|
|Designated|Funds|159145|623|-68650|66554|157672|
|SONSE TR|

**----- End of picture text -----**<br>


28 



## Restricted Funds 

|Restricted Funds|||||||
|---|---|---|---|---|---|---|
|CCiCFund|||||||
|Support ofdevelopmentofCCiC|||||||
|project||15000|15000|Ol2||29088|
|Cuttack Fund (restricted)<br>To facilitate the Cuttack Diocese<br>partnership||1636|9192|-9176|176|1828|
|Cuttack Appeal|||||||
|To supportwork ofCuttack|||||||
|Diocese|||els|||a|
|EmergencyFundNo 1<br>Benevolent<br>fund for the benefitof<br>ministers and others in need||Tatts|180|ae|108|taeTo|
|EmergencyFund No 2|||||||
|Supportofthe widow of Rev!|||||||
|Thompson.Income transferred to<br>EFNot (see also note 12)||16785|141|-34|-3|16889|
|ExtendingDiscipleship, Exploring Vocation (EDEV)<br>To fund individual exploration of|||||||
|vocation anddiscipleship training<br>of laypeople||13922||-690||13232|
|Ministerial Training Fund|||||||
|Tofundtrainingandongoing<br>development of ordained||10369|4539|-5604||9304|
|Rural ChaplaincyFund|||||||
|Ruralchaplaincyproject||13260|9100|-4333||18027|
|Youth Fund|||||||
|Supportyouth workand young|||||||
|people in ministry||480||“250|“230|0|
|Total Restricted Funds|aa<br>86568<br>39516<br>-21674<br>51<br>104461<br>a<br>,||||||
|Thegeneral fund of£679,606 includes £261,189 as a resultofthe <br>property<br>wasrevaluedon31August2015.||||uplift in theMansevaluation||when the|



## 16 Capital commitments and contingent liabilities 

There were no capital commitments or contingent liabilities at the end of the year to 31 August 2020 . (Also none atthe end ofthe previous year). 

## 17 Connected organisations and related parties 

All of the District trustees are members of both a Methodist church andCircuit within the District and maybe trustees in those organisations. 

Connected organisations include the Methodist Connexion, Circuits and churches within the District, other Methodist Districts within the United Kingdom, CFB, and TMCP. All of these entities have their own trustees or directors and autonomous administration such that the Plymouth & Exeter Methodist District has no Significant influence over them, nor they over the Plymouth& Exeter Methodist District. They are therefore not considered related parties. 

There were no related party transactions. 

29 



## 18 Volunteer Contributions 

Every entity within the Methodist Church in the United Kingdom is heavily reliant on volunteers who contribute principallytheir skills, time and moneyin the furtherance of the work of the church. In the District this contribution is serving on committees that deal with mission, manses, finance, policy, property, grants, training, discernment and development. We are grateful to all our volunteers for their help and commitment. 

## 19 Post Balance Sheet events 

At the date of signing these accounts there is some uncertainty throughout the financial sector due to the actions taken to limit the Spread of the Covid-19 virus. The trustees of the District are aware of the problems this may cause the churches and Circuits who financially support this charity. Currently there are no indications from Circuits that the assessments, which support the general activities of the district, will not be metin full to the end of 2020/21 

The district also holds sufficient designated funds to Support their project workers for atleast 12 months and sufficient reserves to fund the general expenditure for at least six months. The Trustees cannot say how long the current situation will continue, but hope it will not be more than six months. They will be keeping this under review, as will all the churches, Circuits and other entities that make up the Methodist Connexion. 

30